TLDR

The Seven Most Magnificent Stocks

Dec 12, 2023

Discussion on the exceptional performance of the Magnificent Seven tech companies, the future of tech stocks, Nvidia's impressive performance and oligopolies in Canada, the rise of the crypto industry, the role of the speaker as a financial educator, and dream interviews.

24:47

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Quick takeaways

The Magnificent Seven stocks, including major US tech companies, performed exceptionally well in the stock market this year, contributing to a significant market rally and exceeding expectations of a potential economic downturn.

There is a growing momentum to reform competition laws in Canada to protect consumers and workers from unfair anti-competitive practices by large oligopolies in sectors like telecommunications and banking, as these oligopolies have led to less competitive markets and limited innovation.

Deep dives

The Magnificent Seven's Surprising Year

The podcast discusses how the Magnificent Seven, which refers to major US tech companies like Apple and Amazon, performed remarkably well in the stock market this year, contributing to the overall market rally. Their rise created approximately $5 trillion USD in shareholder wealth and exceeded expectations of a potential economic downturn. However, the stocks are now relatively expensive, and there are concerns about whether they can continue to meet the high expectations placed on them.

Introduction

2min

The Future of Tech Stocks

3min

Nvidia's Performance and Oligopolies in Canada

4min

Crypto Industry Rising Despite Negative Comments

5min

The Role of the Speaker as a Financial Educator

7min

Dream Interviews and Summary of Key Points

3min

This week on TLDR: the seven stocks responsible for Wall Street’s banger year — and whether they’re still a good investment. Plus: the team talks about the bitcoin rally, a possible crackdown on Canada’s monopolies and oligopolies, and why economics should be easier to understand.

This episode was hosted by Devin Friedman, business reporter Sarah Rieger, finance educator Kyla Scanlon, and former hedgefunder Matthew Karasz. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldr

The TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.

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