Wall Street Breakfast More of the same and what can't be ignored
Dec 13, 2024
The NASDAQ's impressive growth toward 20,000 sparks excitement in the market. Tesla is the standout performer in Q4, while GM's exit from the robotaxi race raises eyebrows. Insights on AMD's downgrade signal caution for tech investors. Inflation data and Federal Reserve expectations are critical as the landscape shifts. UnitedHealth's stock drops, revealing public discontent with insurance practices. Changes in healthcare insurance and potential reforms create both challenges and opportunities for savvy investors.
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NASDAQ's Milestone
- NASDAQ hitting 20,000 is a significant headline, continuing its upward trend.
- This rise is partly due to inflation data aligning with expectations and the Fed's steady course.
Tesla's Stock Surge
- Tesla's stock has doubled since its last earnings report in October, marking a significant turnaround.
- After trading below its 2023 closing price for most of the year, it has now hit a new high.
Impact of GM's Closure
- GM's closure of its driverless car unit benefits Tesla and Alphabet by reducing competition.
- This highlights the potential for tech giants to monetize their side projects and generate revenue.