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Wall Street Breakfast

WSB's The Weekend Bite: Investors Should Be Raising Cash, And 3 New Additions To The S&P

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 11 June 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

This week we're bringing you a Quant check on 3 new companies entering the S&P, and we sit down with George Ball, Chairman at Sanders Morris Harris, to discuss why he says investors should still be raising cash.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, welcome with Weekend Bike. I'm Daniel Snyder, and this week the S&P 500 announced their index reshuffling.

0:07.0

And we're going to start the show up by breaking down the moves here and taking a look at what the rating of the Seeking Alpha Quantum system has given to each.

0:15.0

So, for people listening to the podcast, I'll do my best to highlight what we're looking at,

0:20.0

but if you'd like to see it with yourself, you can of course watch this episode on Seeking

0:24.4

Alpha's YouTube channel.

0:25.9

Just go to YouTube and search for Seeking Alpha, and it'll be on there waiting for you.

0:30.3

So let's dive in by starting with the additions to the index.

0:35.0

First up, on Semiconductor.

0:37.5

Take your symbol as Oh N.

0:39.0

As you see here on the rating summary card,

0:42.0

the authors on Seeking Alpha have a strong buy. Wall Street is a buy and the

0:45.7

quant system is reading a strong buy as well. When we dive in a little bit deeper, you'll see that

0:50.9

the quant system has been a buy on this

0:53.1

stock for quite a while even back here on let's see what day was this August 3rd of

0:57.9

2021. We saw it was the last date that it looks like the quant system had a buy on the stock and then moved

1:05.5

up to a strong buy there when the stock share price was about $45.67 a share share today that stock is sitting around $64

1:15.8

so already getting a nice return on your capital there.

1:19.7

Moving into the next ticker symbol, we have Curreg, Dr. Pepper, ticker symbol, KDP.

1:27.8

And as we see today, share price is around $36.35.

1:32.2

This is being recorded on Thursday just as a reminder and we have

1:35.9

a buy rating across the board from the authors Wall Street analysts and the

1:40.7

quantum system diving in a little bit deeper same scenario used to be a

...

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