Mad Money w/ Jim Cramer
Mad Money w/ Jim Cramer 12/2/24
Dec 3, 2024
Harley Finkelstein, President of Shopify and e-commerce thought leader, shares insights into Shopify’s impressive Black Friday sales and the future of online shopping. He highlights the shift towards independent brands and the evolving consumer behavior this holiday season. The discussion also touches on the vital role of entrepreneurship in fostering growth and how AI advancements are reshaping personal computing. Finkelstein emphasizes Shopify's pivotal position in driving innovation in the e-commerce landscape.
44:25
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Quick takeaways
- Seasonal patterns significantly influence market behavior, making December a prime time for investors to consider November's top-performing stocks.
- The technology sector, particularly the 'Magnificent Seven,' is expected to rebound, highlighting the importance of proactive investment amid market volatility.
Deep dives
Market Trends and Seasonal Patterns
The discussion highlights that seasonal patterns often influence stock market behavior, particularly in December following a strong November. Increased consumer spending gained momentum as the holiday season approached, triggering what is referred to as 'animal spirits' in the market to drive prices. Stocks that showed significant gains in November are likely to catch further investor interest in December, indicating a classic pattern where past performance can forecast future buying trends. Emphasizing this, the speaker suggests investing in stocks that exhibited success in the preceding month to capitalize on this historical trend.
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