SG S02E19 07/02/2024

Episode Date: Tuesday, July 2nd, 2024

Hosts: George Howell and Chris Carbonara

Rabbit Apocalypse and Invasion of The Zucchini.

Market News Recap:

- Dow Jones rose by 260.88 points as investors moved from tech to banking and energy sectors.

- S&P 500 and Nasdaq experienced declines, with Nvidia falling 6.7%.

- Economic data releases, including May’s personal consumption expenditure, are anticipated.

Stock News:

- Autodesk won a court battle against Starboard Value, allowing the planned board vote to proceed.

- Chipotle Mexican Grill announced a 50-for-1 stock split to increase accessibility for retail investors.

- Sirius XM Holdings is conducting a 1-for-10 reverse split post-merger with Liberty Media's Sirius XM tracking stock.

Stock Picks:

- George picked **Micron Technology** for its innovative memory and storage solutions, and Peyto Exploration & Development Company for its 9% dividend in the oil and gas sector.

- Chris highlighted Eli Lilly's progress with their Alzheimer’s drug, donanemab, receiving FDA advisory committee backing.

Special Segments:

- Expert Picks: Motley Fool recommends On Holding for its strong growth in the athletic footwear market.

- Barron’s analysis suggests **Honeywell** as a strong buy due to strategic acquisitions and operational improvements.

Listener Engagement:

- Encouragement to join Patreon for exclusive content and to participate in the virtual stock market game.

Closing:

- Special thanks to Patreon supporters.

- Announcement of a holiday break next week.

- Contact information and how to support the show via donations or Patreon.

Thank you for listening to Stock Gamblers!

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We will be off for the holiday.

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