 Welcome back to Market Movers on Shedder, everyone, I'm Kristen Schiller here at the Stock Exchange. If you've been with us for a long time at Shedder, you hear the music and you do know what time it is. Time to take a look at Pops and Flops and old nostalgia play we used to do this way back in the day on Shedder and we are reviving it here on the new Shedder. So let's take a look at what is moving and shaking today. Palantir, that stock, publicly traded company on the move up close to 27%. So talk about a good day. It's after the company reported high demand for its artificial intelligence projects and its latest earnings. The company launched 600 pilots with its AI tech last year and the chief executive Alex Karp wrote to shareholders that demand quote continues to be unrelenting for large language learning models like chat GPT. Elsewhere shares of Eli Lilly, this is an interesting story. Actually down today, it's down about one and a half percent reversing some decent gains earlier in the session. The company reported blockbuster sales, especially of its weight loss drug, Monjaro, that's a competitor with WeGovie and Ozempic. I'm sure even if you don't talk about stocks, I'm sure you talk about this probably in your friend or family circle. The company also has sales of the recently approved, excuse me, Zep bound. I keep having hiccups today. Eli Lilly had $9.3 billion in revenue in the latest quarter, 28% higher than the year before. And it did cite the approval of Zep bound, higher prices for Monjaro, the weight loss drug and its cancer treatment. There's Zenio behind that drop, behind that gain, decent gain, double digit gain in fact in sales. Finally, shares of DocuSign on the move. Let's take a look. The stock is down 4% says it's gonna lay off about 6% of its workforce as it restructures. Well, the layoffs will be concentrated on the company's sales and marketing teams and it does represent about 440 jobs. DocuSign said the restructuring plan should be complete by mid 2025 and it expects it'll cost between $28 and $32 million. All right, let's bring in our next guest. You talk more about how these markets are fairing, what it means for you and your money. I joining me now is Melissa Armo, founder and owner of the Stock Swish. Melissa, good to see you. Thanks for joining. Thanks for having me. Okay, so let's talk about the state of the market right near record highs, but kind of a mixed market today. What do our viewers need to know? Market's gonna hold the uptrend, barring certain things that may or may not happen this year. Like for example, if the Fed decides to raise rates which they're not talking about, but if they do or if something happens overseas where we get into a world war which God forbid would happen. But I think for this year, for 2024, the market's probably gonna be stable and hold the uptrend. It doesn't mean we're not gonna have any sell-offs in between we could. And I think one of the interesting things that came out in the last week is the market was expecting the Fed to actually cut rates the first part of this year. And Powell said that they're really not planning on doing that in March. And so then people started to be not as optimistic as they were before that rates would go down the first part of this year. But the market, even though it sold off a little bit ended up flipping right back around. We had some great earnings last week, Thursday night into Friday. We had fabulous earnings and meta. It just blew out all the numbers, Amazon. And really the market started to rally and it looks like it's gonna continue again, barring certain things that could or could not happen for the remainder of 2024. So what should investors do Melissa in that scenario? If they haven't put money to work already in this market, would you advise that they do that? Well, it's tough for people to go longer when we rallied so much in the last few months even in 2023. But I wanna tell you that the market still could be higher. So it depends on your time horizon if you wanna jump in now. If you're talking about your retirement accounts and you're under the age of 50 or even 55, I think you have plenty of time for the market to continue higher. And most of the life of the market, it does stand up trend. And there are funds in the market, there are retirement funds in the market. So even when we have these wild swings like we saw in 2020 with COVID, the market bounced back. We continued higher after that. If you remember that big dip, and then we continued to make new highs. I think if you're really worried about it or if you're an angel, you don't wanna be long-term invested, look for specific stocks that you wanna get in. And again, whether they're longs or short, if you can short, you can do swing trades well, you can do options. And then you should look for those specific picks. For example, NVIDIA, of course everyone's been talking about NVIDIA. NVIDIA was over 700 today, it was actually over 710 in the pre-market. It was falling today with the overall market since the open, but NVIDIA is definitely getting hit over on the live day. That 700 number, that stock could just scream higher, continue to scream higher. That's a good long pick. Again, individual stock picks I think are the way to go. And one of the other things that I like as well is Meta. I still think Meta's higher. Again, that's falling a little bit today with the overall market, but the jump that had last week was so big, so huge, so unexpected that, I mean, I'm looking for 500 in that stock at some point and it could be sooner than later. Interesting. Okay, so even after a 42% gate in the NASDAQ, which certainly would encapsulate large technology like Meta, the semiconductors like NVIDIA as well, you think, Melissa, I'm hearing that you think we can still go higher, for instance, in the NASDAQ and that this AI hype is still very palpable. Is that the case? Absolutely. Again, I just thought of it when you were talking about the market. The other one thing, besides the two things about rates in the war, I'm just thinking this out loud is if we have another regional bank failure or any kind of bank failure. Remember, I don't know if you talked about this this week, the New York Community Bank has, again, their price has just tanked in the last 48 hours. If for some reason, another regional bank would go under and scare the banking sector, the financial sector, that could also set this market off course. So even if that does, I think it's temporary though, it would be temporary. And again, we would rally back. So if you're gonna go long here at the highs, know that we could drop back and then push higher. Again, your timeframe depends a lot of that, your risk tolerance depends a lot of that. But again, some of these regional banks don't look so good in the last couple of days. And so there could be some bad news on the horizon for that sector. Again, the regional banks, some of the banks look great. JPM looks great. That's screaming higher. That started out earning season and made brand new all-time highs. So be very, very careful. I could say to be very, very careful what you decide to get into. But the overall market, yes, I think it's higher. It may not be fast as people think it's going to go. We may not see that 500 number in this fire, the S&P yet, but we're gonna see it. And we're probably gonna see it this year in 2024. And I don't think the Fed is really gonna change much in the course that they're at. They're trying to keep saying, well, we wanna bring inflation down. Yes, inflation has gone down slightly, a tit, a tad. Not as much as people want though. If you're a consumer and you're shopping, you're like, oh my gosh, prices are still so high. So based on that, I just don't think the Fed is gonna drop rates as much as people think this year, as soon as they think this year. Very good, Melissa. Well, as we talk about some individual stocks, I wanna hit on Boeing as well. I do see that this stock technically is up today, I think more than 1% earlier on Tuesday. But certainly this company is just having PR issue after PR issue. And I think certainly airlines and consumers, flyers that is, wondering how does this company get back on track after years, even pre-pandemic of issues with a 737 MAX plane? What's your take on Boeing and what it means for staff? Boeing has a lot of problems. First of all came out, the news came out today that they're gonna have some labor issues because the employees of unions want a 40% pay raise going into the negotiations in the spring. That's a huge massive jump. Part of the issue also is, I think they lost people with COVID, they lost experienced employees during COVID that maybe took early retirement. And obviously the airlines had trouble during COVID. Now they hired new people. And some of these people maybe are not as experienced as the other people that were working for Boeing for a long time that took their early retirement. And now you're having all of these mechanical issues which they still have not figured out. The fact that they had earnings last week, if you look at the chart, you can't even tell me the date of the earnings. That's abnormal for any stock chart if you look at the technicals. And they came out, they really didn't give any guidance. I don't even know how they got away with that to be honest with you. It's just, I mean, if you're an investor, if you own the stock, you're like, wait a minute, you're not gonna give any guidance on what's gonna happen next. I think that that was a negative sign to me. And I know this talks up today and I know it's rallying and people are probably thinking this is a great price to buy it. Well, you know, it could drop another five, 10, 20 points. So yeah, it's a great price if you think the stock is higher but the stock is currently in a downtrend and it's been in a downtrend for quite a long time. Even before COVID, Boeing has been in a downtrend. The last time the stock made brand new long-time highs I think was 2019. It's nowhere near those numbers, nowhere near them at all. And the overall market like we just talked about has been rallying and isn't an uptrend. It is strong and is making new highs and you're not seeing that with Boeing. And I think that's a problem. So you have the mechanical issues, you're gonna have some employing problems, they're gonna cost them. And then you have them not giving any guidance on the earnings, this is bad, bad, bad. So my take on it, yes, the stock's rallying today and that's all well and good if you went long this morning but I don't think it's gonna last. Interesting. Okay, good to know. You're right, is that stock is up 1% today but many, many issues that we've seen. So let's talk about maybe some of the sectors, even stocks aside from Boeing, Melissa that you don't like. I know you're still bullish on technology, bullish on the broader market, bullish on Meta and Nvidia for instance. Any ones other than Boeing, stocks and sectors that you would be staying away from? Well, I don't like Tesla right now higher. So that's another one that has been pushing back up the last two days a little bit. But, and again, you know, that's one that is tied directly to Musk and it came out last week, they had the news last week about the poor case of Delaware, the stock reacted to that negatively. And I, for me personally, again, the cost of these cars, these EVs is so, so expensive and they have a lot of other competitors now. So it depends on I guess who wins the 2024 presidential race because if some of these guidelines change, some of these regulations change, then it could affect the stock Tesla negatively even more so than it's been. Not everybody wants to go out and wants to buy electric cars yet. One again, they're very expensive and two, they're not convenient. There's not an electrical station everywhere you go and you can't go in and fill up in like five minutes, 10 minutes. So I think Tesla, I'm not saying Tesla's seen the best of their applies and that they'll never go back up again, but I think right now in the short term, the next few weeks, the next few months, Tesla isn't looking good. They had bad earnings as well. So to that end, Melissa, there was a Wall Street Journal report just in the past 48 hours, we'll say. Recently, that's been getting a lot of traction that some board members are concerned about drug use by Elon Musk and that they feel pressure. They have felt pressure, some of them at times to use drugs with the Tesla founder. In terms of the leadership, right? Musk wants more ownership over Tesla, but the board obviously, via this Wall Street Journal story, pushing it back. How much does Musk's leadership of Tesla impact the stock? I think it impacts it a lot. I think he needs to be at the helm of it. He's one of the reasons for the success in that company and many other companies that he started as well. I mean, there's a reason why either, you know, he's one of the richest people in the world. I mean, he's highly intelligent and very smart. And as far as the drug use goes, I mean, this isn't new news. I mean, he was, I think he was on Joe Rogan's show a couple of years ago and he was smoking pot. So I'm not sure what drugs specifically they're talking about, but this isn't new news to me that he does drugs. He's handling it, whatever he's doing. He's still a very intelligent guy. And I think that he's the innovator. He's the businessman. He has big ideas and big dreams and they've worked out for all the companies that he's been at the helm with. And I think that that, along with what we were just talking about, if anyone thinks that he would step away from Tesla or he would reduce what he's doing, his leadership role in Tesla, I think that would be horrible for shareholders and horrible for the stock. And the man that- I'm gonna enjoy it. I'm getting a cue that we gotta wrap because we're tight on time. But a lot of good info in this segment, Melissa Armo. Thank you for joining as always. And stay with us because we'll have more cheddar.