SIX Aug 2024 37.500 put
| Previous Close | 5.20 |
| Open | 5.10 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 37.50 |
| Expire Date | 2024-08-16 |
| Day's Range | 5.10 - 5.20 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 15 |
- Yahoo Finance Video
EV demand, investing in AI, jobs data: Asking for a Trend
On today's episode of Asking for a Trend, host Josh Lipton breaks down the biggest takeaways from Monday's trading session. Car manufacturers like General Motors (GM) and Ford (F) have scaled back their electric vehicle production plans amid weaker consumer demand. Sila co-founder and CEO Gene Berdichevsky explains, "I think we're seeing a slowdown because EVs are just not meeting all of the mainstream consumer adoption expectations. So what consumers really want to see is longer range, faster recharge time. I think we've been very, very focused on cost as the primary driver." Yahoo Finance Reporter Josh Schafer analyzes his key takeaways from the trading day. First, The Nasdaq Composite (^IXIC) hit a record high in Monday's session despite a higher move in the ten-year Treasury yield. Second, GDP forecasts keep falling, signaling slow growth as the Federal Reserve has its eyes on a soft landing. Finally, meme stocks aren't going anywhere, as "Roaring Kitty" revealed he has a 6.6% stake in the pet care retailer Chewy (CHWY). As the AI race continues to spearhead the tech sector's growth, Tejas Dessai, Global X ETFs assistant vice president and research analyst, describes the AI trade as "a moment of mass destruction," highlighting the technology's influence and impact on the global economy. He draws parallels between AI and the development of the internet, suggesting that markets are currently in the "infrastructure buildout phase," which makes semiconductors the primary investment focus. Six Flags Entertainment (SIX) and Cedar Fair (FUN) have successfully completed their $8 billion merger, marking a significant consolidation in the amusement park industry. The newly formed entity, named Six Flags Entertainment Corporation, is set to make its market debut on Tuesday. To close out the show, Seana Smith breaks down the latest employment reports, exploring what they reveal about the current state of the labor market. This post was written by Melanie Riehl
- Yahoo Finance Video
July 4th alcohol sales, mortgage rates, investing in CDs: Wealth!
On today's episode of Wealth!, Host Brad Smith breaks down key finance stories, from the AI race to alcohol sales ahead of 4th of July celebrations. The AI craze has dominated markets in the first half of 2024, and Envestnet co-chief investment officer Dana D'Auria joins the show to give insight into its momentum. D'Auria argues that the broadening out in artificial intelligence will materialize among companies that "support AI" needs: "Semiconductors, for example; equipment manufacturing that's necessary for AI; energy, of course, has been a huge theme this year around AI and the expectation that we're going to need massive amounts of energy to power this. So if you think about some of the international spaces where some of the stuff is made, and there may be not priced so stratospherically as what you're seeing in cases here in the US, that's one way to play it." As interest rates remain high and Wall Street waits on the Federal Reserve to cut rates, Curinos head of wealth Korrynn Baltzersen explains how investors should navigate certificates of deposit (CDs) amid the current economic backdrop. She notes that historically when the Federal Reserve has started cutting interest rates, "that's when the market outperformance led more investors into the market versus keeping that money in cash." She believes there will be a "real shift" once investors can no longer get a 5% handle, as "they can just get a higher yield in the market." Mortgage rates are beginning to ease slightly as the 30-year fixed mortgage rate hovers around 6.86%. Yahoo Finance Reporter Dani Romero breaks down why mortgage rates may be easing, but monthly mortgage payments may be rising for thousands of homeowners. Meanwhile, rental prices fluctuate across the United States. Zumper spokesperson Crystal Chen highlights that the most affordable rental markets include Wichita, Akron, and Shreveport. In contrast, the highest rents are found in major metropolitan areas such as New York City, Newark, New Jersey, and San Francisco, California. Chen notes a geographical divide in rent trends: the Sun Belt region is experiencing a decline in rental prices, while the Northeast and Midwest markets are seeing increases. Americans are just a few days out from Fourth of July festivities, and according to data from Capital One, over a third of Americans plan on buying alcohol for July 4th. Heineken (HKHHY, HEINY) USA CEO Maggie Timoney joins Wealth! to give insights into holiday alcohol sales, the growth of non-alcoholic product categories, and shifts in certain consumer demographics driving that change. Timoney elaborates on the sale of non-alcoholic beverages: "The category is up double digits and at the forefront of igniting this nascent category. When we launched in 2018, we are here to stay, and we're looking forward to seeing more Americans choose a Heineken 0.0 over the July 4th holiday weekend, over the summer, and for the rest of the year." This post was written by Melanie Riehl
- Yahoo Finance Video
Six Flags-Cedar Fair merger is a deal of the 'century': Analyst
Six Flags (SIX) and Cedar Fair (FUN) are set to finalize their merger on Monday, creating an entity valued at around $8 billion. Citi leisure and travel analyst James Hardiman joins Wealth! to give insight into the merger and what investors can expect from the new stock, which is expected to go public on July 2. "This is far and away the biggest deal, really the only deal of its kind this century, and I think it creates significant value," Hardiman tells Yahoo Finance. He characterizes the Cedar Fair management team as the "steady hand" that Six Flags assets have been missing. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
