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Halftime Report

Positioning at Record Highs 12/3/24

Dec 3, 2024
Josh Brown, known for his sharp market insights, joins fellow Investment Committee members Jim Labenthal, Stephanie Link, and Brian Belsky, all experts in financial strategies. They delve into stocks at record highs, spotlighting key portfolio shifts, particularly in Starbucks and an optimistic view on Alphabet and Amazon. The conversation also tackles evolving perspectives on Tesla, the surge in Apple's stock, and the resilience of housing stocks amid economic changes. Additionally, global tensions and their impact on the market dynamics are explored, offering a comprehensive outlook.
47:33

Podcast summary created with Snipd AI

Quick takeaways

  • The Investment Committee highlights Starbucks' potential for growth following the appointment of Brian Niccol, indicating a forthcoming turnaround in performance.
  • Concerns over Alphabet's competitive standing in the AI space are leading to cautious investment strategies, prompting some investors to trim their holdings.

Deep dives

Starbucks Investment Insights

The discussion highlights a notable investment in Starbucks, citing the appointment of Brian Niccol, a successful CEO from Chipotle, as a driving factor for potential growth. Analysts believe that Starbucks, despite its recent underperformance, is on the brink of a turnaround supported by excellent technical indicators. Current evaluations suggest that if earnings expectations for the upcoming year are met, the stock price is likely to exceed its last traded values significantly. This optimistic outlook encourages investors to consider Starbucks as a viable addition to growth portfolios, especially with predicted earnings growth.

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