Lori Calvasina, Chris Verrone, and Jason Rekate discuss market valuations, catch-up trade potential, global markets, tech companies' compensation shifts, and nuclear energy strategies. The podcast also touches on Costco shopping banter and upcoming economic events.
Brands are shifting to digital advertising on platforms like Google and TikTok to target diverse audiences.
Increasing chicken sales are seen as an inflation indicator, with consumers favoring affordable options over higher-priced meat cuts.
Deep dives
Shift to Digital Advertising Platforms
Brands are shifting their advertising focus from traditional TV platforms to digital avenues like Google, meta, and TikTok to reach diverse audiences, particularly Gen Z and multicultural groups. For instance, Mondelēz promoted an Oreo cookie limited edition without any TV ad spend, focusing instead on platforms such as Instagram and TikTok.
Chicken Sales as an Inflation Gauge
Chicken sales are being viewed as a potential indicator of inflation. As food prices rise, consumers tend to opt for more affordable chicken over pricier meat cuts, leading to increased demand for chicken products like wings and frozen tenders. Companies like Tyson Foods are experiencing higher profits from poultry products amid the ongoing shift.
Costco as a Birthday Party Hotspot
Costco is emerging as a popular venue for adult birthday celebrations, offering affordable party options like the hot dog and soda combo at the food court. A viral trend on TikTok showcases surprise birthday parties held at Costco warehouses, where attendees enjoy budget-friendly treats and amenities like Costco hoodies.
Carter Economic Forum in Doha
From May 14th to 16th, the Carter Economic Forum powered by Blumban will bring together 1,000 global leaders in Doha. The event aims to facilitate new connections, provide unique insights, and uncover valuable opportunities in the rapidly growing region. Exclusive invites can be requested at cutterecoramicforum.com.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul SweeneyMay 13th, 2024 Featuring:
Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets
Chris Verrone, Strategas Research Partners Head of Technical & Macro Research
Jason Rekate, Head of Corporate Banking at Citi
Lisa Mateo looks at the Front Pages of the World's newspapers