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Prof G Markets
Ozempic Bites McDonald’s, Trump’s Bitcoin Promise, & A Tesla Bull Makes His Case — ft. Dan Ives
Aug 1, 2024
Dan Ives, Managing Director at Wedbush Securities, dives into Tesla's current challenges and the importance of innovation in the fast food sector, especially with the rise of weight-loss drugs like Ozempic. He believes Google is the most underrated of the 'Magnificent 7' stocks and shares insights on why Palantir stands out in AI technology. Plus, Ives discusses Trump's evolving stance on Bitcoin and its market implications, showcasing a rich intersection of finance and consumer behavior.
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Quick takeaways
- McDonald's first sales drop in four years highlights shifts in consumer behavior towards higher prices and dining at home.
- Dan Ives emphasizes Tesla's resilience during its 'gut-check' moment and identifies Google as the most underrated stock among the Magnificent 7.
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