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Transcript

Market Movers & Music Magic · The SPY Trader

• 0:00
  Good morning,
• 0:00
  folks!
• 0:01
  It's 6:00 AM on July 19th,
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  2024,
• 0:04
  and welcome to 'Spy Trader,
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  ' your goto podcast for all things S&P 500,
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  I'm your enthusiastic host,
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  Johnny "The Dime" Drop,
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  Let's dive into today's market movers!
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  First,
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  Spotify (SPOT) and Warner Music Group (WMG) are looking bullish,
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  Spotify's AIenhanced user experience is driving growth,
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  while Warner Music continues to generate solid revenue despite recent market underperformance,
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  Jefferies analyst James Heaney highlights the potential in digital music streaming and publishing,
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  Next,
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  CrowdStrike Holdings (CRWD) faced a setback with an update causing global IT disruptions,
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  sending their stock tumbling,
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  However,
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  Wedbush analysts remain optimistic about their longterm prospects,
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  believing the dip is temporary,
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  Verizon (VZ) is in focus with their Q2 earnings report due on July 22,
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  expecting $1,
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  15 per share,
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  down from last year,
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  Despite this,
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  their 6,
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  32% yield is attractive,
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  To earn $500 a month from dividends,
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  you'd need around $94,
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  910 in shares,
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  American Express (AXP) reported $16,
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  33 billion in Q2 revenue,
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  driven by higher net interest income and increased spending,
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  Their EPS was a solid $3,
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  49,
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  although expenses are creeping up,
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  Broadening the view,
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  smallcap stocks in the Russell 2000 Index are gaining favor,
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  The iShares Russell 2000 ETF (IWM) is seeing strong inflows,
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  though experts suggest focusing on highquality stocks,
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  The recent IT outage affecting multiple sectors highlights the impact of software glitches,
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  Keep an eye on CrowdStrike’s recovery and Microsoft’s (MSFT) response,
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  Now for trading recommendations:
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  Consider Verizon (VZ) for its dividend yield,
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  but remember the significant investment needed for high monthly income,
• 1:59
  If you're optimistic about cybersecurity,
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  keep a close watch on CrowdStrike (CRWD) postincident,
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  Diversifying with highquality smallcap stocks in sectors like industrials and energy can be beneficial,
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  That’s it for today’s episode of 'Spy Trader,
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  ' Stay tuned for more updates as we track the S&P 500 and provide actionable insights,
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  This is Johnny "The Dime" Drop signing off,
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  Remember,
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  the market never sleeps,
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  so neither should your due diligence!
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  Catch you later!