Trends with Friends Howard Lindzon

This week, we delve into Meta's partnership with Luxottica and the future of smart glasses, examine the implications of CrowdStrike's recent software glitch, and explore Howard's DGEN Economy index and its performance. JC provide’s insights on market rotations from tech to financials and small caps, the resurgence of regional banks and transportation stocks, and Riley explains this week’s Trends with No Friends pick for an underfollowed stock—TE Connectivity.

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This episode is brought to you by Chart Art. The best trade ideas and analysis from the Stocktwits community. Delivered daily by 8 pm ET: https://chartart.stocktwits.com/

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Skip Ahead:

(00:00) Meta to buy Luxottica?

(07:35) Is the market correcting?

(12:59) The size of the internet today

(15:15) Challenges for OpenAI

(23:51) JC’s chart pick: large-, mid-, and small-cap financials

(27:40) Howard’s picks: Gold, Solana, and Bitcoin

(32:44) The bullish nature of election years

(36:45) A look back on TwF bets

(38:20) CrowdStrike's software glitch and implications 

(47:23) Other ATH’s: healthcare, transportation, and more

(54:26) TE Connectivity: An underfollowed gem

(58:46) Howard’s DGEN portfolio 

(01:04:28) Stocktoberfest

(01:05:25) StockTwits' new earnings call feature

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Referenced:

• Meta in talks to buy 5% stake in Ray-Ban maker EssilorLuxottica, WSJ reports: https://www.reuters.com/markets/deals/meta-explores-stake-ray-ban-maker-essilorluxottica-ft-reports-2024-07-18/

• AI: OpenAI's variable costs at AI Scale. RTZ #428: https://michaelparekh.substack.com/p/ai-openais-variable-costs-at-ai-scale?r=swr&utm_medium=ios&triedRedirect=true

• Gary Marcus’s Tweet: https://x.com/GaryMarcus/status/1816116071226868085

• Ben Thompson on the Crowdstrike crash: https://x.com/stratechery/status/1815393309084537292

• Howard’s Degenerate Economy Index: https://gothematic.com/index/degencom?utm_source=www.howardlindzon.com&utm_medium=referral&utm_campaign=an-update-on-the-degenerate-economy-and-some-rules-and-advice

• Stocktwits Calendar (tune in to listen to earnings calls live): https://stocktwits.com/markets/calendar

• Stocktoberfest: https://stocktoberfest.stocktwits.com/

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Where To Find Howard and Friends:

• Howard - https://stocktwits.com/howardlindzon
• JC - https://stocktwits.com/allstarcharts
• Phil - https://stocktwits.com/ppearlman
• Michael - https://stocktwits.com/MParekh
• Riley - https://stocktwits.com/coloradoriley
• Production and Marketing - https://penname.co/

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Trends with Friends is brought to you by Stocktwits: https://stocktwits.com/

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Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/c/uncategorized/2024/02/21/stocktwits-newsletter-disclaimer/

This week, we explore the strong bull market, focusing on how Robinhood and Goldman Sachs are making a comeback. We discuss the details of the European market, how different sectors are changing, and the relationship between smaller companies and big industrial giants. We also talk about why the New York Times' subscription model is doing so well, consider the idea of trading happening 24/7, and discuss how to classify tech companies.

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This episode is brought to you by Stocktoberfest. Join us for a 2-day palooza in Coronado, CA: Get actionable insights on the latest investing trends. Learn about the hottest trends in alternative data products. Network with industry thought leaders: https://stocktoberfest.stocktwits.com/

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Skip Ahead:

(00:00) Introduction and market overview

(03:17) “It’s a total shit storm for the bears” 

(04:02) Robinhood's comeback and the "degenerate economy"

(07:04) Goldman Sachs' renewed focus and success

(10:55) Sector rotation, laggards, and leaders 

(14:50) Classifying tech companies

(18:01) The New York Times

(23:10) The growing influence of AI content generation 

(29:11) Sentiment analysis and market context

(35:23) Lazy thinking vs. deep analysis

(40:00) New AI developments

(44:45) OpenAI’s five stages of AI development

(51:07) Geo Group

(53:24) 24/7 trading insights from Robinhood

(54:34) The EU market

(58:35) Closing thoughts: Don't do anything stupid in a bull market

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Referenced:

• Robinhood: https://robinhood.com/us/en/

• Goldman Sachs: https://www.goldmansachs.com/

• Uber: https://www.uber.com/

• The New York Times: https://www.nytimes.com/

• World: https://www.nytimes.com/games/wordle/index.html

• Jeff Bezos: https://en.wikipedia.org/wiki/Jeff_Bezos

• Marc Benioff: https://en.wikipedia.org/wiki/Marc_Benioff

• Ben Horowitz: https://en.wikipedia.org/wiki/Ben_Horowitz

• Elon Musk: https://en.wikipedia.org/wiki/Elon_Musk

• Perplexity: https://www.perplexity.ai/

• Strava: https://www.strava.com/

• Netflix: https://www.netflix.com/

• Cognitive miser: https://en.wikipedia.org/wiki/Cognitive_miser#:~:text=Fiske%20and%20Taylor%20argue%20that,strategies%20that%20economise%20complex%20problems.

• Michael Parekh’s Newsletter: https://michaelparekh.substack.com/

•Hinge: https://hinge.co/

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Thank You To Our Guest:

• Michael Parekh - https://www.linkedin.com/in/michaelparekh/

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Where To Find Howard and Friends:

• Howard Lindzon - https://stocktwits.com/howardlindzon

• JC Parets - https://stocktwits.com/allstarchart

• Phil Pearlman - https://stocktwits.com/ppearlman

• Production and Marketing - https://penname.co/

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Trends with Friends is brought to you by Stocktwits: https://stocktwits.com/

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Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/c/uncategorized/2024/02/21/stocktwits-newsletter-disclaimer/

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Robinhood, Goldman Sachs, The New York Times, sector rotation, small caps, tech companies, European market, personal data

Join us for a discussion with Barry Ritholtz and Michael Parekh as we explore the current state of the markets, the impact of EU regulations on big tech and small businesses, and the debate around data ownership and fair use in the AI era. We dive into why all-time highs are bullish signals, the challenges facing small-cap companies, and how AI investments today compare to previous tech revolutions.

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This episode is brought to you by Chart Art. The best trade ideas and analysis from the Stocktwits community. Delivered daily by 8 pm ET: https://chartart.stocktwits.com/—

Skip Ahead:

(00:00) Introduction and Wimbledon experience

(05:25) JC on NASDAQ100 vs S&P500

(09:18) Goldman Sachs in the 90s vs today

(11:45) Excel’s impact on the financial industry

(13:32) All-time highs

(15:30) Biotech and small cap performance

(17:37) Unprofitable companies in different market cycles

(19:42) The value of the "Magnificent Seven" tech stocks

(21:25) The changing dynamics of the luxury market

(27:40) Ferrari as an indicator for the consumer 

(32:10) What could change the current bull market?

(34:00) Financials making all-time highs

(35:40) What’s making us nervous

(39:00) Politics and markets

(45:40) EU regulations and their impact on tech companies

(52:41) AI and the debate over data ownership

(56:40) Goldman Sachs report on AI investments

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Referenced:

• Wimbledon - https://www.wimbledon.com/index.html

• Matteo Berrettini - https://www.instagram.com/matberrettini/?hl=en

• Michael Batnik - https://x.com/michaelbatnick?lang=en

• Goldman Sachs report on AI investments - https://www.goldmansachs.com/intelligence/pages/gen-ai-too-much-spend-too-little-benefit.html

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Thank You To Our Guests:

• Barry Ritholtz - https://ritholtz.com/

• Michael Parekh - https://www.linkedin.com/in/michaelparekh/

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Where To Find Howard and Friends:

• Howard Lindzon - https://stocktwits.com/howardlindzon

• JC Parets - https://stocktwits.com/allstarcharts

• Phil Pearlman - https://stocktwits.com/ppearlman

• Production and Marketing - https://penname.co/

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Trends with Friends is brought to you by Stocktwits: https://stocktwits.com/

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Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/c/uncategorized/2024/02/21/stocktwits-newsletter-disclaimer/

Join us as we explore the booming Indian stock market, Amazon's innovative strategies against Chinese competition, and how AI is reshaping our understanding of common knowledge. We also dive into Tesla's recent surge and the potential for big tech companies to unlock value through spin-offs.

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Skip Ahead:

(00:00) Introduction and Tour de France

(04:24) Tesla's recent performance and consumer discretionary stocks

(08:01) Amazon breaking out to new all time highs, and a look at the “Amazon’s” of other countries

(11:50) Nike, Lululemon, Starbucks: taking a hard hit

(13:25) Amazon's strategy against Chinese e-commerce competition

(17:24) Regulatory challenges for big tech in Europe and the US

(21:41) Potential for big tech spin-offs

(26:06) The history of spin-offs vs. spin-offs today

(30:20) How Goldman’s involved

(30:50) How India is benefitting

(33:00) India's booming stock market

(36:40) Relative strength and what to expect the next 30 years

(37:41) Specific Indian companies showing promise

(42:15) The growth of cricket and sports investment in India

(44:04) Headlines getting worse, opinions getting dumber… what should we be worried about?

(46:18) AI's impact on common knowledge

(48:30) “Grift" and the importance of optimism in investing

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Referenced: 

• Tour de France: https://www.letour.fr/en/

• THEMOVE on Apple Podcasts: https://podcasts.apple.com/us/podcast/themove/id1254370585

• Shoe Dog: https://www.amazon.com/Shoe-Dog-Memoir-Creator-Nike-ebook/dp/B0176M1A44

• Shein: https://us.shein.com/

• Temu: https://www.temu.com/

• One Medical: https://health.amazon.com/prime

• AWS: https://aws.amazon.com/?nc2=h_lg

• Oracle: https://www.oracle.com/

• Make My Trip: https://www.makemytrip.com/?ccde=us

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Big Thank You To Our Guest:

• Michael Parekh - https://www.linkedin.com/in/michaelparekh/

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Where To Find Howard and Friends:

• Howard - https://stocktwits.com/howardlindzon

• JC - https://stocktwits.com/allstarcharts

• Phil - https://stocktwits.com/ppearlman

• Production and Marketing - https://penname.co/

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Trends with Friends is brought to you by Stocktwits: https://stocktwits.com/

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Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/c/uncategorized/2024/02/21/stocktwits-newsletter-disclaimer/

Michael Parekh is a former Goldman Sachs executive with over 20 years of experience, who now focuses on investing in and analyzing technology trends. He's known for his deep understanding of semiconductor, internet, and AI industries. We’re excited to have him back as our first 2x guest on the show. Together we cover:

• The AI tech value stack and its implications for investors

• How companies like Apple and Amazon are leveraging AI 

• The role of data in the AI revolution

• How Apple is positioning itself in the AI race

• The potential of AI in healthcare and personal wellness

• The future of Tesla and its AI ambitions

• "Health with a capital H" (traditional healthcare) vs. "health with a small h" (wellness and preventive care)

• Why you shouldn’t overlook small-cap stocks, particularly in the financial sector

• The rise of Chinese EV manufacturers and their potential impact on the global market

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Skip Ahead:

(00:00) Welcome banter

(01:50) Stocktoberfest

(04:25) Michael Parekh

(05:12) How to model and understand the value stack

(10:50) Data is changing the game

(14:30) Social relative data

(15:20) Will health be the next big trend?

(18:30) How Apple turned AI on it’s head

(24:30) This is just the beginning

(25:46) Should you bet on Amazon?

(35:25) The future of personal health data

(39:28) Amazon’s multi-billion dollar acquisitions 

(40:55) Health: after we’re sick vs. before we’re sick

(43:29) Life360 

(45:59) Bitcoin vs Gold

(49:29) Solana

(51:05) We’ve reached grift exhaustion

(54:00) Consumer discretionary

(56:14) Tesla’s AI Strategy

(01:00:43) Small caps

(01:02:55) Trends with NO Friends

(01:05:30) Health tips with Phil

(01:09:41) Closing thoughts

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Referenced: 

• AI: Building Value over Time - https://michaelparekh.substack.com/p/ai-building-value-over-time

• JC’s Tweet - https://x.com/allstarcharts/status/1805599709479698538

• Life360 - https://finchat.io/company/NasdaqGS-LIF/industry/

• Bernie Madoff - https://www.investopedia.com/terms/b/bernard-madoff.asp

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Big Thank You To Our Guest:

• Michael Parekh - https://www.linkedin.com/in/michaelparekh/

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Where To Find Howard and Friends:

• Howard - https://stocktwits.com/howardlindzon

• JC - https://stocktwits.com/allstarcharts

• Phil - https://stocktwits.com/ppearlman

• Production and Marketing - https://penname.co/

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Trends with Friends is brought to you by Stocktwits: https://stocktwits.com/

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All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision.

This week we’re joined by old friend Ryan Detrick. As Chief Market Strategist at Carson Group, Ryan leverages over two decades of financial expertise to guide the firm's investment strategies. He co-hosts the popular "Facts vs Feelings" investing podcast and holds the Chartered Market Technician (CMT) designation. In this week's episode we talk about:

• How the Carson Group approaches the allocation of assets

• Advice for young people on getting into investing

• The rise of momentum trading and why you should tread carefully

• Breadth expansion and sector rotation

• Why Ryan is bullish on small caps

• The current state of private markets

• Inflation and rate cuts, and what it means for the market

• Why you should consider becoming a Charted Marketing Technician (CMT)

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Skip Ahead:

(00:00) Welcome banter

(02:41) About our guest Ryan Detrick

(03:59) Q4 of 2022: Why Ryan was and continues to be bullish

(06:01) How the Carson Group approaches asset allocation

(09:13) Advice for young people on getting into investing

(13:30) Stocktoberfest

(15:35) Making sense of momentum trading

(18:15) Why you need to tread carefully with momentum ETFs

(21:50) What Ryan is looking for: credit spreads and advanced decline lines

(23:50) What JC is looking for: a group of stocks leading a downturn

(25:46) Breadth expansion and sector rotation

(27:15) Fundamental analysis and trends

(29:28) Industrials vs consumer discretionary

(32:07) Don’t fight papa DAO

(34:52) Trust the data not the headlines

(38:00) Why Ryan is bullish on small and mid caps

(41:24) The volatility of rates and what it means for the market

(42:50) The state of private markets

(46:15) Charted Marketing Technician (CMT)

(50:48) Inflation and rate cuts

(55:13) Productivity

(57:35) Thanks for listening

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Referenced:

• Carson Group - https://www.carsongroup.com/

• Burt White - https://www.carsongroup.com/insights/blog/team-members/burt-white/

• Stocktoberfest - https://stocktoberfest.stocktwits.com/

• LPL - https://www.lpl.com/

• Aaron Rodgers - https://x.com/aaronrodgers12?lang=en

• Tucker Carlson - https://tuckercarlson.com/

• Shai Goldman’s Tweet on First Time Fundraising - https://x.com/shaig/status/1802152611358904651

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Big Thank You To Our Guest:

• Ryan Detrick - https://x.com/RyanDetrick?ref_src=twsrc^google|twcamp^serp|twgr^author

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Where To Find Howard and Friends:

• Howard - https://stocktwits.com/howardlindzon

• JC - https://stocktwits.com/allstarcharts

• Phil - https://stocktwits.com/ppearlman

• Production and Marketing - https://penname.co/

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Trends with Friends is brought to you by Stocktwits: https://stocktwits.com/

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All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision.