Squawk on the Street

More Market Records, Tesla Aims For a "Perfect 10," How Low Can Nike Go? 7/9/24

Jul 9, 2024

Financial journalists Carl Quintanilla and David Faber, along with host Jim Cramer, discuss S&P and Nasdaq records, Apple and Microsoft's race to $3.5 trillion, Tesla's winning streak, Nike's stock dip, Fed Chair Powell's testimony, Paramount-Skydance deal fallout, Novo Nordisk study results, and Jim's Formula 1 'Mad Dash'.

41:17

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Episode guests

Carl Quintanilla

Jim Cramer

David Faber

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Tech stocks like Tesla are surging, while Nike faces significant stock decline.

Analysts anticipate market milestones amid a positive outlook before Fed Chairman testimony.

Deep dives

Fidelity Basket Portfolios Simplified Investing

Investing in Fidelity Basket portfolios is akin to crafting a sandwich - choose your stocks and ETFs like meats and toppings, managing it as a single investment entity. Recent market trends include the longest S&P winning streak since January, tech stocks like Tesla surging, contrasted with Nike's significant stock decline. Analysts anticipate market milestones amid a positive outlook before a potential Fed Chairman testimony.

Intro

3min

Oil Companies, Alternative Energy, and Self-Driving Taxis

10min

Analyzing Pre-Market Trends, Nike's Outlook, and Management Strategies

2min

Challenges and Opportunities in Retail Management

4min

Discussion on Apple's Growth Due to F1 Movie Trailer and Expensify Sponsorship

3min

Financial Upgrades, Regulatory Changes, and Industry Trends

18min

Fed Chair Testimony and S&P Record Highs

3min

Carl Quintanilla, Jim Cramer and David Faber covered all of the bases on another record-setting day for the S&P 500 and Nasdaq, along with various big tech names. Apple and Microsoft are in a race toward a $3.5 trillion valuation, while Tesla looks to extend its daily win streak to ten – which would be its longest since June 2023. Hear what Cramer had to say about Nike –now the worst performer on the Dow so far this year. Also in focus: What to expect from Fed Chair Jerome Powell's Capitol Hill testimony, Paramount-Skydance deal aftermath, Novo Nordisk falls on study pitting its Wegovy obesity drug against Eli Lilly’s Mounjaro, Jim's "Mad Dash" meets Formula 1.

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Squawk on the Street

More Market Records, Tesla Aims For a "Perfect 10," How Low Can Nike Go? 7/9/24

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Fidelity Basket Portfolios Simplified Investing

Market Performance and Corporate Analysis

Tech Industry and Innovation Insights

Financial Sector Perspectives and Fed Chair Testimony

Remember Everything You Learn from Podcasts