The ETF that beat Buffett and Cathie, YouTube’s takeover, CPI and Bank Earnings
Jan 10, 2024
01:35:04
auto_awesome Snipd AI
Discussion on successful ETF outperforming Buffett and Cathie Wood, YouTube's potential valuation, CPI and bank earnings. Stock selection process and holding period importance. Underrated stock: Federal Agricultural Mortgage Corporation. Moody's performance and Berkshire Hathaway inspiration. Analyzing SEC's ETF approval and market manipulation. Earnings season and inflation report. Potential of YouTube and future of media. Apple's potential new product and stock valuations. Discussion on CrowdStrike, ransomware attacks, and Coinbase in the Russell 1000.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
BlackRock plans to dismiss around 3% of its global workforce as ETFs become the preferred investment vehicle.
Valuations for banks like JPMorgan indicate significant potential upside, making them attractive options for investors.
YouTube's estimated revenue and user base continue to surge, solidifying its position as a major player in the digital landscape.
Deep dives
Positive outlook for bank earnings
Analysts expect companies in the S&P 500 to report a second straight quarter of earnings growth, with profits for the fourth quarter projected to rise 1.3% from the same period last year. This is down from the previously projected 8% profit growth. Full-year earnings for 2023 are expected to increase by 0.8% compared to 2022.
BlackRock announces job cuts
BlackRock plans to dismiss around 3% of its global workforce, which equates to roughly 600 employees. This comes as the asset management firm recognizes the changing dynamics of the industry, with ETFs becoming the preferred investment vehicle. BlackRock's exposure to commercial real estate is also a topic of note.
Bank valuations and potential upside
Valuations for banks, such as JPMorgan, indicate significant potential upside. JPMorgan is projected to see 13% revenue growth, while other banks, like Bank of America and Wells Fargo, may experience revenue contractions. The valuations for these banks are low, making them attractive options for investors.
YouTube's staggering growth
YouTube's estimated revenue and user base continue to surge, making it a key aspect of Alphabet's growth potential. As one of the largest platforms for video sharing, YouTube's revenue is projected to soar, solidifying its position as a major player in the digital landscape.
CrowdStrike's Stock Continues to Rise on Strong Demand and Cybersecurity Needs
CrowdStrike, a leading cybersecurity company, has seen its stock price rise steadily due to increasing demand for incident response and endpoint security services. The company's professional services revenue has been boosted by a rise in ransomware attacks, highlighting the growing need for cybersecurity solutions. Analysts have upgraded CrowdStrike's stock due to expected improving earnings, broader platform production, and multiple product cycles. The company's strong fundamentals and the ongoing trend of increased cybersecurity spending position CrowdStrike for continued success in the future.
Coinbase Emerges as the Second Best Performing Stock in the Russell 1000
Coinbase, a cryptocurrency-focused company, experienced an exceptional year as the second best performing stock in the Russell 1000. Despite initial doubts and negative sentiment, Coinbase's stock price surged on the back of improving demand, a broader platform production, and the increasing need for cryptocurrency services amid rising ransomware attacks. The strong performance of Coinbase reflects the growing importance of cryptocurrencies and the potential for continued growth in the industry.
On this episode of TCAF Tuesday, Josh Brown is joined by Eddy Elfenbein to discuss his active ETF that has outperformed both Warren Buffett and Cathie Wood over the past 5 years. Then, Josh joins Michael Batnick for an all-new episode of What Are Your Thoughts! Topics include: Bitcoin ETFs, what YouTube could be valued at, sentiment, CPI and bank earnings, and much more!
Thanks to Rocket Money for sponsoring this episode! Cancel your unwanted subscriptions by going to: https://rocketmoney.com/compound
Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.
Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.
Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: