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Wall Street Oasis

Apple's Biggest Battle Yet | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 27 June 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

WSO Weekly Wrapup - ⁠⁠Sign Up for the Newsletter Here⁠⁠ The Daily Peel - Sign Up Here Join our Discord - Sign Up Here

Transcript

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0:00.0

What's up Apes? Welcome back to the Daily Peels video stream of the day. We got a lot to talk about here today, but let's go ahead and make this a quick one, or let's see how quickly we can do it. With me and my yapping skills, we know that that's going to be a challenge to keep it under 74 hours, but still, we're going to try our absolute hardest here.

0:22.8

So it is currently 6.51 p.m. on this beautiful Wednesday, June 26th, 2004, and we are talking everything

0:29.6

markets, getting you ready for the ticker tape here on Thursday. So make sure to stay tuned to the end to hear what kind of legal trouble Apple is facing overseas, as well as to hear about all the different stocks that are moving here today. We get a lot of movement going on in the electric vehicle sector and some very weak earnings reports that we're definitely going to want to go over. And we'll say a prayer for anybody who was unfortunate enough to be holding shares today on Wednesday, probably tomorrow for when most of you are going to be watching this or listening

0:54.4

to this if you're listening to the podcast version. But of course, we're also going to be talking about the housing market. We've got a new residential sales report for the United States, but that's going to be kind of put on the back burner because we have more important housing news to be talking about. Before we get into all that, the WSO Alpha portfolio, we were up about 52 basis points for the

1:11.5

session here today. Honestly, very good day for us. We outperform both the S&P and the NASDAQ.

1:18.2

Big reason for that was because of our overweighting performance in, or our overweighting position,

1:22.4

I should say, in Tesla. So we have much more of the portfolio allocated to Tesla and the stock

1:27.3

absolutely ripped for the session for reasons we will talk about in just a minute or so. We also saw some outperformance from companies like Zillow, like Snowflake and some of our more recent purchases. So of course, make sure to sign up for WSO Alpha. You can do that at wall streetoacist.com backslash alpha. Follow along with our trade tracker. Stay tuned with all of our

1:45.1

research, which we should have a new report coming out later this week. All right, let's go ahead and

1:49.6

get into some of the banana bits for the session. Global funds, they are buying up India in size.

1:54.1

It is easily the most purchased company over the past couple of weeks and probably all throughout

1:58.2

2024, but I don't have that data, unfortunately.

2:06.0

So they're buying up India like the British Empire did in the 1800s, just with a lot less, you know, slavery, general human rights violations and atrocities committed than the British Empire is

2:11.1

known for. But still, it's, you know, it's been working out well for India. If you look at

2:15.2

I-N-D-A, this is the MSCI India ETF. It basically is like the SB 500 for India, or at least BlackRock's replication of such an index. Go ahead and check out all that stuff if you want to stay tuned with the most populous country in the entire world. All right. And then speaking of why Tesla is up for the session, they went ahead and figured they might as well fix problems that are all too well known. A lot of the time when companies do recalls for cars, they're just identifying problems that are known. But Tesla came out yesterday and announced recalls on the cyber truck for problems that were already far too well known. So the market is just glad to see that the company is doing something about it. I personally think the cyber truck looks sick. Like, I cannot wait to get my hands on one of those bad boys. I just drove by one the other day. And I was like, damn, I wish that I was that cool. Either way, I mean, the cyber truck, it's been memed into oblivion. But you know what? It's getting recalled right now so expect many more beams to be coming with that maybe even some from Elon himself we know that he is the

3:11.0

ultimate But you know what? It's getting recalled right now. So expect many more memes to be coming with that,

3:08.4

maybe even some from Elon himself. We know that he is the ultimate troll and also the richest man on

3:13.4

earth, which is quite the dichotomy. And, you know, definitely a guy I would love to introduce to any

3:17.9

alien civilization that was unfortunate enough to come and invade us. But still, that's the

3:22.4

situation that Tesla is facing right now.

3:25.1

Meanwhile, interactive brokers, they are launching their own version of a betting market, or I should

3:30.5

say a prediction market. So kind of like Cali and like Polly Market have had, these are events

...

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