Bulls Take on the Bears Over Tesla Stock, Plus Can Bitcoin Keep Rally Keep Its Momentum 11/9/23
Nov 9, 2023
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Danny Moses, financial analyst and investor, joins the podcast to discuss Tesla's stock sell-off and a stock with upside. Topics include Tesla's challenges and future prospects, bond market concerns and trade desk forecasts, obesity drug approval and stock pullback, crypto surge and earnings report, potential Bitcoin ETF, and discussion on Draft Kings earnings and profitability.
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Win Resorts Sees Stock Dip After Macau Miss
Win Resorts saw its stock sink in after hours trading despite beating top and bottom line estimates for the third quarter. The stock dropped as the company missed revenue expectations in Macau, even though its Las Vegas property generated record revenue.
Melton Demirors of CoinShares Predicts Bitcoin ETF Approval
Melton Demirors, an executive at CoinShares, believes that a Bitcoin ETF will likely gain approval before the end of the year. She points to increasing flows into Bitcoin products and optimism within the industry as indicators of institutional buyers positioning themselves for a potential rally in Bitcoin.
Danny Moses Bullish on DraftKings as Online Gambling Gains Momentum
Danny Moses, a well-known short-seller, is now bullish on DraftKings, citing the growth potential of the online gambling sector. He sees the sector as a secular play with strong prospects for growth in the US, especially in the online gambling space. Moses believes that DraftKings' recent financial performance and the sector's overall growth potential make it an attractive investment.
Disney Reports Strong Earnings Despite Weakness in Legacy Media
Disney reported strong earnings, beating expectations and exceeding pre-pandemic EBITDA levels. The company's pivot towards catering to customers in the mass segment, instead of relying on the now-virtual junket and VIP segment, has paid off. Disney's performance in Las Vegas has been particularly strong, setting records in gaming revenue and hotel and food and beverage sectors.
Shares of Tesla dropped over 5% after a bearish note from analysts at HSBC. But is the sell off overdone? Plus bitcoin prices surging towards $40,000, up 36% this quarter. Can the rally continue? And Danny Moses of Big Short fame joins the desk with a stock that he says actually has upside. We tell you what it is, and why he’s bullish on the name.