Guest Michael Burry, investor from the movie 'The Big Short', talks about retail earnings, stock picking, interest rates, and the future of Paypal. They also discuss consumer spending, July retail sales, resilience of high and low-income earners, valuation in different sectors, funds raised for distressed commercial real estate, declining stock price, and upcoming episodes.
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Quick takeaways
Apple has consistently outperformed the S&P 500 with a 17% annual return since 2010.
PayPal's stock has declined by 80% due to competition from Apple Pay and Google Pay.
Schrodinger's stock has dropped by 31% and Stripe's stock continues to decline.
Deep dives
Apple beats the S&P 500 with impressive average annual returns
Since 2010, Apple has consistently outperformed the S&P 500, averaging a 17% annual return.
PayPal faces challenges and value trap concerns
PayPal's stock has been under pressure, declining by 80% at one point, as it struggles against competition from Apple Pay and Google Pay.
Schrodinger and Stripe experience significant declines
Schrodinger's stock has dropped by 31% amid concerns about its business model, and Stripe's stock continues to decline, marking a five-time downturn in the past three years.
Jensen Huang and Mark Zuckerberg thrive during summer
NVIDIA's founder, Jensen Huang, is experiencing record-high net worth, while Mark Zuckerberg sees a rebound in Facebook's stock, with Wall Street's favor on his side.
Margin improvements for S&P 500 energy companies
Energy company profit margins have shown sequential improvements, despite concerns about deteriorating margins in the market.
On this TCAF Tuesday, join Michael Batnick and Downtown Josh Brown for an all-new episode of What Are Your Thoughts and see what they have to say about: retail earnings, stock picking, interest rates, Michael Burry, revenues, the future of Paypal, and much more!
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