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Bloomberg Intelligence
Salesforce, Kohl's Shares Plunge, Musk Empire
May 30, 2024
Anurag Rana covers Salesforce earnings, Mary Ross Gilbert breaks down Kohl's performance, Gerard Hart discusses Red Robin's success. Kurt Wagner explores Elon Musk's empire challenges. Topics include AI impact on tech spending, challenges in sales, and market optimism.
44:28
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Quick takeaways
- Investors are shifting towards defensive allocations due to weaker growth prospects and high valuations in the market.
- Technology companies are optimistic about AI's integration into various industries for future growth despite recent sector fluctuations.
Deep dives
The Economic Impact of Rate Hikes on Asset Allocation
Considering the economic backdrop and high valuations in the market, many investors are approaching asset allocation with a slightly more defensive outlook. While earnings have been solid, weaker growth prospects and high valuations make it a nervous environment for investors, prompting a shift towards more defensive allocations.
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Discover
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