Wall Street tunes into the Masters
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 11 April 2024
⏱️ 5 minutes
🧾️ Download transcript
Summary
Show Notes
Global Stock leaders for 2030 in Fin Tech - UBS
Robinhood stock dips after Citi downgrades to Sell on fundamentals disconnect
Episode transcripts seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis. |
| 0:10.0 | Good afternoon, today is Thursday April 11th and I'm your host Kim Khan. Our top story so far. |
| 0:15.7 | The Masters tease off in Augusta, Georgia today and estimated a hundred and 23 million people now play golf up 30% since 2016 with 531 million rounds played in |
| 0:26.2 | 2023. On Wall Street many traders will have one eye on the Bloomberg |
| 0:30.4 | terminal and one eye on the coverage. Here's a look at the stocks that are tied to the sport. |
| 0:35.2 | Pure golfing focus stocks typically fly under the radar, but golf's biggest weekend puts a spotlight on names |
| 0:40.9 | like Top Golf Calloway and a Kushinet holdings which owns |
| 0:44.4 | title list. Nike and Under Armour make golf equipment and apparel while Dick's |
| 0:48.9 | sporting goods is a high-volume retailer of equipment and with with Lealize Sports Betting expanding, every major |
| 0:54.8 | sporting event draws attention to casino and gaming stocks. Coming off March |
| 0:58.8 | Madness, the Masters offers another chance to cash in for names like Draft Kings, Penn Entertainment, and Las Vegas Sands. |
| 1:05.7 | In today's trading, cool wholesale inflation data prompted some equity buying pre-market, but the |
| 1:10.9 | major averages are now mixed without much conviction either way. |
| 1:14.6 | Treasury yields are also mixed with the short end up slightly and the longer and lower. |
| 1:19.3 | The March producer price index came in a little cooler than expected with a 0.2% rise and the annual |
| 1:24.8 | rate dropping to 2.1%. The core PPI, which excludes food and energy prices, |
| 1:29.8 | also rose 0.2%, in line with forecasts, but the annual rate ticked up to 2.4%. |
| 1:36.0 | Eugenio Alaman, chief economist at Raymond James, |
| 1:40.0 | noted energy goods prices were down by 1.6%. This means that the increase in energy prices within the |
| 1:45.6 | consumer price index for March was not due to an increase in the cost of energy goods, |
| 1:50.0 | but perhaps to strong demand. Although the PPI is less important for monetary policy than consumer prices, |
| 1:56.0 | the weakness in PPI could indicate potentially better consumer inflation numbers in April, |
... |
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