meta_pixel
Tapesearch Logo
Log in
Wall Street Breakfast

Tesla, crypto and the Trump trade

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 15 November 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

Shopify and AbbVie among the main stocks moving on catalysts this past week (1:10). Evaluating Tesla (2:45). Crypto, Bitcoin run the heart of the Trump Trade (4:40). Nvidia's big earnings coming up (8:05). Why macro data and Fed announcements matter, especially now (9:50).

Episode transcripts: seekingalpha.com/wsb

Show links: 
Tesla crosses the $1T market cap level and is valued more than the next ten biggest auto stocks combined
Wall Street Brunch: Time To Eye The CPI
Favorable environment for crypto, although with several caution signals

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

Crypto recently has really been the heart of the Trump trade or the most prominent part of it.

0:05.6

The idea that there's going to be a very friendly regulatory environment around crypto,

0:11.0

the medium to long term outlook for crypto is very dependent on how much institutions and mom and pop investors

0:17.9

want to buy into it as an investing class.

0:31.6

Brian Stewart, welcome to the podcast.

0:35.7

It's great to have you, our director of news at Seeking Alpha. Super

0:39.5

happy to have you, super happy to have you on the show. Thanks for joining us. Thank you.

0:44.0

Thanks for having me. Excited to start this segment off. We're going to be looking a bit at the week

0:49.1

that was and the week ahead and what themes we should be chewing on and trying to digest as best as

0:56.2

possible. I'd like to start off in the world of stocks specifically. What stocks are popping?

1:04.2

What stocks are we looking at this week that are making you pay attention either on the high side or the

1:12.7

low side? Yeah. So, you know, as a news guy, I'm always looking for the stocks that are moving

1:18.2

with some sort of catalyst. So on the downside this week, we had AVV. They dropped about 15%

1:23.7

in the past week after missing a goal in a schizophrenia treatment trial.

1:28.5

There's not a lot to take away from that sort of macro-wise.

1:30.8

It's a very stock-specific story, but just a big gainer or big decliner, sorry,

1:35.0

in a larger cap stock.

1:36.6

More interesting, really, for the longer-term view of the market.

1:39.4

We had Shopify earnings that sent the stock higher 40% over the past week. It popped about 20% day

1:45.8

after earnings and then has kind of kept pushing forward. They announced a 24% increase in the

1:50.9

gross merchandise volume, which is a really good sign. Headed into the holiday shopping

1:55.7

season, they're bellwether for the e-commerce sector. So for anybody kind of looking at the health of the consumer

...

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.