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- [00:00]
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If you work in university maintenance, Grainger considers you an MVP because your playbook ensures your arena is always ready for tip off. And Grainger is your trusted partner, offering the products you need all in one place, from H VAC and plumbing supplies to lighting and more. And all delivered with plenty of time left on the clock. So your team always gets the win. Call 1-800-GRAINGER visit grainger.com or just stop by Grainger for the ones who get it done.
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This is Scott Becker with the Becker Private Equity and the Becker Business Podcast. We're just going to walk through five or six stories shaping the market as we start the week this week and thank you for listening. First, the markets were up on Friday modestly. They're up again a little bit this morning. A little bit of a cautious tone, but at least moving in the right direction. Second, both the NASDAQ and the S P finished a little bit higher last week. They each gave 1 to 2% last week. They're each down about 4% year to date, but it could be a lot worse. Not that long ago, they're down 6 to 9% each. So down 4% year to date we view as a win. Right now, Tesla is struggling. It dropped nearly five and a half percent on Friday. It's now down close to 20% year to date. We'll talk about Lucid Motors a little bit later as well, which is also struggling, down 50 plus percent the last 12 months. But before we get to Lucid Motors, let me talk about Elon Musk's other company, SpaceX. SpaceX. SpaceX is moving forward with its IPO. It's going to be one of the most anticipated offering in years. We'll try not to be depressed if we didn't invest in it like I did not. It is what it is. But. But that's that. So so far we've got the markets modestly up. The Nasdaq and S and P finished a little bit higher last week. Tesla dropped five and a percent on Friday. It's down 20% year to date. SpaceX close to a one and a half to $2 trillion IPO. That's incredible. Finally, Netflix is up again. What I find fascinating about Netflix is some of these companies that we talk about often hit great highs and then they've got killed. So if I look at companies that we talk about, like rh, which was at one time just fantastic, Allbirds was to drop 99% over the last few years. Peloton, which has got crushed. Lululemon, which also has got crushed over the years. Netflix is really a different story. It was the leader, the starting leader in streaming in a very competitive market. It stayed at leader. It's up about 5% this year. It's up about 80 over the last five years. It's really remarkable what they have done. Next, I'll mention Nvidia. Nvidia bounced back last week and is down less than 5% year to date. It still was the biggest mark cap company in the standard bearer of the Magnificent Seven. So those are several of the stories we're following right now. We'll call this five Stories to start the week. Thank you so much for listening to the Becker Business and the Becker Private Equity Podcast. Thank you very, very much for joining us.
- [03:09]
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If you work in university maintenance, Grainger considers you an MVP because your playbook ensures your arena is always ready for tip off. And Grainger is your trusted partner, offering the products you need all in one place, from H VAC and plumbing supplies to lighting and more. And all delivered with plenty of time left on the clock. So your team always gets the win. Call 1-800-GRAINGER visit grainger.com or just stop by Grainger for the ones who get it done.