Finding the next Mag 7 stocks, Europe rallying with Drew Dickson
Mar 12, 2024
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Explore the rally in European stocks with Drew Dickson. Dive into inflation concerns, Mag 7 stocks, and the impact of market dynamics on stock performance. Discover insights on chip demand, investment strategies, and potential ETF creation. Analyze stock trends, Hershey and Bristol Myers purchases, and eBay's market evolution.
European stocks rallying discussed with Drew Dickson of Albert Bridge Capital
Debate on index overweighting and tech stocks for investors
Mutual funds struggle to outperform S&P 500 over the last 20 years
eBay's resilience in the market highlighted by chart patterns and unique market segments
Deep dives
Struggle of Decorating with School Logos for a Celebration
Decorating with a school logo on a TV screen turns out more complex than expected during a celebration, leading to frustration and inadvertent app downloads.
Discussion on Working Out and Health Benefits
The podcast delves into the health benefits of working out, emphasizing its positive impact on overall well-being and health maintenance.
Exploration of Index Weighting and Investment Opportunities
The episode explores the debate around index overweighting and its repercussions for investors, particularly focusing on tech stocks and European investment opportunities.
Historical Performance of Mutual Funds vs. S&P 500
The report highlights the ongoing struggle for mutual funds to outperform the S&P 500, with a significant majority consistently underperforming over the last 20 years.
eBay's Longevity and Performance in the Market
eBay, a long-standing internet company, has drawn attention for its resilience and consistency in the market. Despite facing competitors like Facebook Marketplace, eBay maintains a steady performance, supported by a diversified market with strengths in categories like luxury goods and sneakers. With a stable dividend yield and stock buybacks, eBay's fundamentals appear reasonable, trading around 10 times earnings. While facing challenges, such as shifting user behaviors, eBay holds potential supported by its unique market segments and current chart patterns.
Technical Analysis of eBay's Stock Performance
eBay's stock performance over the past year has shown resilience and potential for growth. Notably, recent chart patterns suggest a promising outlook, indicating a potential for upward movement. The comparison of eBay's performance against the market indexes, particularly the Qs, highlights eBay's stability and potential for continued positive performance. Additionally, the recent occurrence of a golden cross, with the 50-day moving average crossing above the 200-day average, further supports the positive sentiment surrounding eBay's stock.
Evaluation of eBay's Performance Amidst Market Trends
In the context of evolving market trends and competitive landscapes, eBay's performance remains steady and resilient. Despite challenges from competitors like Meta Platforms' Facebook Marketplace, eBay maintains a strategic position in niche markets such as sneakers and luxury goods, driving its continued relevance and potential growth. The recent golden cross pattern and stable fundamentals, including dividend yield and stock buybacks, indicate a positive trajectory for eBay's stock amidst changing market dynamics and shifting user preferences.
On this TCAF Tuesday, Downtown Josh Brown is joined by Drew Dickson of Albert Bridge Capital to discuss the rally in European stocks. Then, at 39:49, hear an all-new episode of What Are Your Thoughts with Josh and Michael Batnick! They discuss inflation, permabears, Nvidia, the next Mag 7 stocks, the magazine cover indicator, and much more!
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