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SPY Trader Dispatch: Boeing Blues & EV News · The SPY Trader

• 0:00
  Hello and welcome,
• 0:01
  Spy Traders!
• 0:02
  It’s noon on September 21,
• 0:04
  2024,
• 0:04
  and I'm your host,
• 0:06
  Benny Bullish,
• 0:07
  here to break down the latest news and trends in the S&P 500,
• 0:12
  Why don’t financial analysts have to clean their houses?
• 0:16
  Because they only handle paper assets,
• 0:19
  Let's dive in!
• 0:20
  First up,
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  Boeing faces a rough patch with its largest union,
• 0:25
  the International Association of Machinists and Aerospace Workers,
• 0:28
  on strike,
• 0:29
  Shares have tumbled,
• 0:30
  hitting 52week lows,
• 0:31
  down more than 35% yeartodate,
• 0:33
  The strike already costs them $571 million in lost wages and revenue,
• 0:39
  with a potential credit rating downgrade from Moody's looming,
• 0:42
  However,
• 0:43
  S&P Global seems more optimistic if Boeing resolves this quickly,
• 0:47
  Switching gears,
• 0:48
  the clean hydrogen sector is poised for growth but faces hurdles in IRS regulations for production tax credits and certification standards,
• 0:57
  potentially increasing project costs,
• 0:58
  Yet,
• 0:59
  legislative drivers like the Inflation Reduction Act and Bipartisan Infrastructure Law push the momentum positively,
• 1:05
  On to the used electric vehicle (EV) market,
• 1:09
  Prices have plummeted by 25%,
• 1:11
  making used EVs cheaper than gas engines by 11,
• 1:15
  4%,
• 1:15
  This drop accelerates sales,
• 1:17
  with used EVs selling faster this year compared to last,
• 1:21
  However,
• 1:21
  car affordability remains an issue,
• 1:23
  Let's delve deeper,
• 1:25
  Boeing’s labor disputes could ripple through the S&P 500,
• 1:29
  Strikes and potential credit downgrades might stress their finances,
• 1:32
  delaying 737 Max jet production and revenue,
• 1:35
  Stay alert if Boeing is in your portfolio,
• 1:39
  In clean hydrogen,
• 1:40
  despite regulatory bumps,
• 1:41
  the longterm growth looks promising,
• 1:43
  Companies in the energy transition space within the S&P 500 might gain,
• 1:48
  Monitor federal frameworks for potential sector growth catalysts,
• 1:52
  For the used EV market,
• 1:54
  the significant price drop indicates growing supply,
• 1:57
  impacting investor enthusiasm around new EV sales,
• 2:00
  Improved infrastructure and affordability concerns add complexity but potential rewards,
• 2:04
  So,
• 2:05
  how should we play this?
• 2:07
  Here's the SPY Trading playbook: 1,
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  Boeing (BA): Exercise caution,
• 2:11
  Consider reducing exposure or hedging due to prolonged labor disputes,
• 2:15
  2,
• 2:16
  Clean Hydrogen Stocks: Longterm investors should stay the course while awaiting regulatory clarity,
• 2:21
  Companies like Plug Power or Ballard Power Systems could benefit,
• 2:25
  3,
• 2:26
  Used EV Market: The price drop represents a buying opportunity,
• 2:30
  especially for stocks like Tesla (TSLA) and possibly GM,
• 2:34
  Affordability could drive new interest,
• 2:36
  4,
• 2:36
  General S&P 500 Insight: Keep your portfolio diversified,
• 2:40
  Balance it with cyclical and defensive stocks to buffer against sectorspecific downturns,
• 2:45
  That’s our wrap for today’s Spy Trader podcast,
• 2:48
  Stay vigilant,
• 2:49
  trade smart,
• 2:50
  and keep listening for the latest in S&P 500 news,
• 2:54
  I’m Benny Bullish,
• 2:55
  signing off,
• 2:56
  Catch you in a few hours!