InvestTalk 4-19-2024 – Mortgage Rates Have Surged Past 7%
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 20 April 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
Mortgage rates are climbing based on expectations that the Federal Reserve won’t cut interest rates anytime soon.
(Is there a sensible play for wannabe home buyers?)
Today's Stocks & Topics: ABG - Asbury Automotive Group Inc., Market Wrap, Key Benchmark Numbers and Market Comments for: Treasury Yields, Gold, Silver, Oil and Gasoline, 401k Contributions, Mortgage Rates Have Surged Past 7%, USFD - US Foods Holding Corp., LII - Lennox International Inc., AAON - AAON Inc., KPP Newsletter, The Fed - Discount Window Lending, CTRA - Coterra Energy Inc., HCA - HCA Healthcare Inc., FLMX - Franklin FTSE Mexico ETF, FLIN - Franklin FTSE India ETF, Sweden Stock Market.
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Transcript
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| 0:00.0 | At a time when investors are confronted with market volatility and a variety of challenges |
| 0:09.8 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures. |
| 0:16.8 | Luke Guerrero stands ready to take your finance and investment questions and share his unbiased answers. |
| 0:24.8 | Invest Talk is made possible by KPP Financial, |
| 0:28.6 | a registered investment advisor firm serving clients throughout the United States. |
| 0:34.0 | The clarity for your path forward starts now. |
| 0:38.6 | Here is KPP Financial portfolio manager, Luke Guerrero. |
| 0:44.0 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:49.0 | I'm Luke Guerrero and I will be your host over this next hour on this beautiful April 19th, 2024. |
| 0:56.3 | And as you know we meet here five days a week for one purpose and that purpose is to leave this hour more a more educated and better investor |
| 1:08.3 | In order to accomplish that we typically touch on some educational items and some actionable items, some stories from the news, and we talk about the market, but by far the most important and for me the most enjoyable part of this hour is talking directly to you because your finance |
| 1:25.6 | and investment questions drive the narrative and help make us all better |
| 1:29.2 | investors. With that being said we'll talk about the market and we'll talk about those show topics. |
| 1:35.1 | We have some good ones today, but that comes after we answer our first caller question now. |
| 1:39.3 | Hey Stephen Justin, this is Andrew from Atlanta. |
| 1:42.4 | I was trying to call about ticker symbol |
| 1:44.1 | A, B, G, Asbury Automotive Group Incorporated. I read an article in Morning Star. |
| 1:51.3 | I'm interested in maybe taking a position with this stock. I'm trying to find a good entry point. |
| 1:55.8 | If you could please let me know your opinion. I greatly enjoy the show. Thank you. |
| 2:10.9 | So TIGER A, B, G is Asbury Automotive Group, and they are a line of franchised retailers, dealership, sell used cars, and a total care auto segment, so they repair cars. |
| 2:16.7 | And so as you would expect, if you look at their revenue growth over the past five years, |
| 2:22.2 | 2016, or sorry, 2018, 2019, and 2020 were relatively flat. |
... |
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