meta_pixel
Tapesearch Logo
Log in
Wall Street Breakfast

More of the same and what can't be ignored

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 13 December 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

More of the same and why NASDAQ 20,000 can't be ignored (0:50). MVP of Q4 is Tesla (1:50). Uber, GM, and the future of the robotaxi race (5:10). AMD downgrade a possible signpost for tech investors (7:30). CPI data and Fed expectations (8:30). Insurance stocks, public sentiment and regulatory signals to look for (11:25).

Episode transcripts: seekingalpha.com/wsb

Show links: 
GM Drops Out Of The Robotaxi Race. Who Will Win?
CPI 'On The Sticky Side' For November
The Road To Nasdaq 20,000

Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Transcript

Click on a timestamp to play from that location

0:00.0

Brian Stewart, our director of news at Seeking Alpha, welcome back to Wall Street Breakfast.

0:15.9

Always nice to talk to you.

0:17.7

Thanks, really nice to talk to you.

0:18.9

Yes, likewise. So we're at the end of another week.

0:21.9

We've got holiday season. Lights are out. People are feeling good for the most part. We talked

0:26.5

about that a little bit last week, how despite some disappointing data, people are out spending.

0:33.5

This week, we've seen various amounts of good news. We had NASDAQ hitting a nice number. We saw some

0:41.3

inflation data come out. We saw some reports of specific stocks. Where do you see the most important

0:48.7

news of this week? Yeah, I think NASDAQ 20,000 can't be ignored as a headline for this week.

0:55.2

It's obviously a big round number.

0:58.2

Though in terms of just narrative kind of juice, it does kind of just fall onto more of the same.

1:03.5

It's the NASDAQ inching higher in a year where it's been just sort of melting up through the year.

1:09.9

So we're up 30% year to date

1:12.0

on the NASDAQ. The latest move higher has been the inflation data was sort of in line

1:19.4

with what people expected. It was a little higher. The annual inflation rate was a little higher

1:24.8

in November than it was in October, but nothing to kind of set the Fed on a new direction. So just sort of same old, same old was enough to take it over the line.

1:36.4

And what are you thinking stockwise? We saw various movements, a lot of news in the tech sector for sure. What are you thinking are the most pertinent

1:46.6

stock stories this past week? Fortunately or unfortunately, depending on your opinion of it,

1:51.7

Tesla is just the stock that can't be ignored. I would see it as sort of the MVP of the fourth

1:57.5

quarter here so far. It's up another 18% in the past week. And if you kind of take

2:03.6

the lens out to look at the Tesla story over the last couple months, it's been pretty extraordinary.

2:09.4

The stock was closed at just below 214 on October 23rd. That was the date before its last

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.