Q: Where will the newly announced Texas Stock Exchange be located? Who is backing this venture & why is the exchange being founded in the first place?
A: Stayed tuned to this week’s show as Spencer McGowan & Alex Tollen dig into the important answers!
Q: What are some of the top Financial Surprises for investors in the first half of 2024?
A: The Dow Jones Industrial Index recently topped 40,000 for the first time. Federal interest rate cuts have been delayed. Price to Earnings multiples for companies have expanded and artificial intelligence (AI) mania accelerates the data center boom to name a few.
Headline Round Up
*Global Interest Rate Cuts Starting! Bank of Canada and the European Central Bank (ECB) both announced .25% reduction this week.
*Nvidia Mania: 10-1 Stock Split Excites Retail Investors, But Are They “Too Much in the Sun”?
*Novo Nordisk Hits Another All Time High This Week?
*Quantum Computers Beginning to Be Utilized for Commercial Use?
*Busy Week for the Department of Justice (DOJ) and the Federal Trade Commission (FTC) as Both Investigate Antitrust & Anticompetitive Concerns Among Tech/AI Companies.
*Saudi Aramco Stock Sale of 1.545 Billion Shares Could Raise Up To 12 Billion Which equates to .64% of Company. How Many Shares Are There?
*Cooling Labor Demand? Job Openings Fall to 8 Million from 8.355 Million Last Month.
*The Billionaires Who Bought Out 70% of Downtown Offices & Transformed Detroit.
*PIMCO Sees Inflation Receding and Underscores Potential Bond Opportunities.
*Oil Drops on Bearish Sentiment as OPEC (Organization of Petroleum Exporting Companies) Commits to Extending Voluntary Cuts to Third Quarter 2024.
*What Really Happened to Fort Worth’s Tallest Tower?
Dow Jones Industrial Average Index (12/29/2023 – 06/07/2024)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index (12/29/2023 – 06/07/2024)
– Courtesy of Bloomberg LP
NVIDIA Corp. (06/09/2019 – 06/07/2024)
– Courtesy of Bloomberg LP
Novo Nordisk A/S (06/10/2019 – 06/07/2024)
– Courtesy of Bloomberg LP
GameStop Corp. (06/06/2024 – 06/07/2024)
– Courtesy of Bloomberg LP
GameStop Corp. (12/29/2023 – 06/07/2024)
– Courtesy of Bloomberg LP
Preston’s Lane
Social Media Investment Phenomenon “Roaring Kitty” Keith Gill!
