DeepSummary
The podcast episode discusses the lack of significant market movement, with the S&P 500 and VIX not showing much change. The hosts, Marcus and Mark, highlight earnings reports from companies like Walgreens, Micron, and Levi Strauss, which impacted their stock prices. They also mention Amazon's plans to launch a new shopping service.
The hosts analyze their current trading positions, including PDD (Pinduoduo), Moderna, and RTX. They also discuss their wheel strategy positions in CSIQ, Halliburton, IWM, and UPS, and the potential impact of the upcoming core PCE inflation report on these trades.
The episode concludes with the hosts speculating about the potential implications of the core PCE inflation report on the Federal Reserve's interest rate decisions and exchanging jokes.
Key Episodes Takeaways
- The markets were relatively flat during the week, with the S&P 500 and VIX showing little movement.
- Earnings reports from companies like Walgreens, Micron, and Levi Strauss impacted their stock prices.
- Amazon announced plans to launch a new shopping service, potentially impacting companies like Pinduoduo (PDD).
- The hosts analyzed their current trading positions and discussed their wheel strategy trades.
- The upcoming core PCE inflation report was highly anticipated, with potential implications for the Federal Reserve's interest rate decisions.
- The hosts expected the inflation report to increase the probability of an interest rate cut by the Federal Reserve in September.
- The episode featured discussions about trading strategies, market analysis, and insights into specific companies' earnings and business models.
- The hosts exchanged jokes and banter, adding a lighthearted element to the episode.
Top Episodes Quotes
- βSo, Pinduoduo is the company behind Teemo where you get basically a lot of chinese goods for cheap. And I think one of the things that Timo does really, really well is in their app, they make you to spend more and more money.β by Marcus
- βYeah. Another one actually better than expected earnings, but revenue was weaker, which was a disappointment.β by Mark
- βAnother one. We'll have to wait until tomorrow, see what the reaction is to core pce. But this one working out nicely.β by Mark
- βI think that the probabilities are going to increase for that September cut.β by Mark
Entities
Company
Person
Episode Information
Daily Stock Market News
Markus Heitkoetter
6/27/24
Here's what is happening in the markets today, Thursday June 27th
- Stocks slightly higher ahead of key inflation reportΒ
- Walgreens (WAL) tumbles after slashing profit guidance
- Micron's (MU) Q4 revenue projection meets estimates and shares dip
- Amazon (AMZN) hits $2 trillion market cap amidst tech rally
- Levi Strauss (LEVI) earnings disappointsΒ
- Today: Jobless claims, durable goods, and pending home sales dataΒ
- Investors waiting for crucial inflation report on Friday
PLUS: How we trade these markets and our current positions
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" episode, make sure to subscribe to this podcast.Β
And for more stock market news,Β visit our YouTube Channel: https://youtube.com/rockwelltrading2008
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