Published on: June 7, 2024

NetWorth Radio Advance Report - June 10, 2024

In this NetWorth Radio Advance Report, Spencer McGowan, President of McGowanGroup Asset Management, delivers financial news and intelligence with insights you can act on for June 10, 2024.

Advance Report

Radio Show

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!


Research Round Up!

Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.
Get on the free subscription list today.
*PIMCO: Election Outcomes: Winners and Losers
*AllianceBernstein: AI Driven Spending Boom and Supercycle
*Recurrent Midstream White Paper: Record Cash Flow Surpluses

Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.
Start the process of updating your investment plan today.