Apple Benefits from Upgrade on Potential From AI, Headset
Jan 18, 2024
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Apple shares rise after upgrade from Bank of America, potential of AI and headset discussed. SpaceX launch with European crew to ISS. Haribo gummi bear factory visit. US regulators' plan for banks. Tax efficiency and harvesting losses strategy.
Apple's shares rose after Bank of America upgraded the iPhone maker, reflecting confidence in the stock.
SpaceX launched its Ax-3 rocket with the first all-European commercial crew to the International Space Station.
Haribo is expanding its gummi bear production in the US with a new factory.
Deep dives
The Rational Dynamic Brands Fund strategy
The Rational Dynamic Brands Fund invests in a basket of company stocks with attractive and leading brands. Their top holdings include Amazon, Live Nation, Costco, and Microsoft.
Selling and rebalancing of the portfolio
At the end of the year, the fund sold some declining stocks and pocketed gains for tax efficiency. They sold positions in Disney, Alibaba, Estee Lauder, and Regeneron.
Amazon as a top holding
Amazon is the fund's top holding as they believe in the company's strong brand, growth potential, and ability to monetize their investments in logistics and retail business.
Investment in Live Nation
The fund has added to its position in Live Nation, as they believe in the long-term growth of the live events and entertainment industry, and the company's operational efficiency following the pandemic.
Not investing in Nvidia and future opportunities
The fund has not invested in Nvidia recently, as they missed the recent breakout and are cautious about potential earnings disappointment due to the pull forward of AI. However, they remain open to future opportunities with Nvidia if there is a significant pullback in the stock price.
Bloomberg News Chief Technology Correspondent Mark Gurman discusses Apple shares rising on Thursday, after Bank of America upgraded the iPhone maker to buy from neutral, a sign of confidence in the stock following a weak start to the year. Bloomberg News Space Reporter Loren Grush and Kelly Weinersmith, Professor at Rice University, cover the SpaceX launch of the of its Ax-3 rocket with the first all-European commercial crew to travel to the International Space Station. Bloomberg News Consumer Reporter Deena Shanker and Bloomberg CityLab Editor Laura Bliss share the details of Deena's Businessweek story Haribo Scales Up Gummi Bear Production at New US Factory. And we Drive to the Close with Eric Clark, Portfolio Manager at Rational Dynamic Brands Fund. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.