Bloomberg Surveillance Single Best Idea with Tom Keene: Ben Laidler & Alicia Levine
Dec 18, 2024
Explore the exciting landscape of investment opportunities within AI and robotics, particularly through the GlobalX Robotics and AI ETF. The discussions pivot to how Delta Airlines is partnering with T-Mobile to leverage 5G technology, greatly enhancing airport customer experiences. Additionally, a comprehensive look at the tech sector reveals rising operating margins since the late 90s, fueled by technological innovations and healthier free cash flow, painting an optimistic picture for future market prospects.
AI Snips
Chapters
Transcript
Episode notes
The Great Bull Market
- Tom Keene discusses the ongoing bull market, emphasizing its potential implications for investors.
- Guests like Brian Belski and Ben Laidler offer perspectives on market momentum and underlying economic factors.
Laidler's Bullish Call
- Ben Laidler accurately predicted the bull market, advising investors to buy into the cratered market on Christmas Eve 2018.
- His bullish stance has been consistent, and he highlights free cash flow as a tangible factor supporting market growth.
Free Cash Flow and Tech Valuations
- Alicia Levine emphasizes the importance of free cash flow in driving higher market multiples.
- She notes that current tech valuations are relatively lower than in previous tech booms, despite strong cash flow margins.