Closing Bell
Closing Bell Overtime: Trump's Meeting with CEO's, Adobe Earnings & Tesla Shareholder Meeting 6/13/24
Jun 14, 2024
Financial journalists Scott Wapner and Jon Fortt, along with market experts Morgan Brennan and Michael Santoli, discuss market valuation concerns, opportunities in small-cap investments, and the impact of AI technology trends on stock prices. They also cover Tesla's shareholder meeting, former President Trump's tax proposals, and the relocation of Tesla's headquarters to Texas. Insights on investing in SpaceX and navigating public and private company landscapes are also shared.
43:24
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Quick takeaways
- Adobe's stock surged by 14% after positive earnings, while RH faced a 10% drop due to wider losses.
- Investing in SpaceX through the Destiny Fund offers access to promising ventures amidst operational challenges in the housing market.
Deep dives
Understanding the Importance of Conduciveness at Adobe and Weakness at RH
Adobe's stock surged by 14% after reporting positive earnings results, beating revenue estimates with strong EPS guidance. In contrast, RH experienced a 10% drop due to wider-than-expected losses, emphasizing operating challenges in the current housing market.
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