The Joseph Carlson Show

In this episode we review Bill Ackmans new buys.

00:00 Overview
01:24 IMAX
08:33 Reddit
11:39 MELI
13:20 Adobe
16:28 Nike
17:50 Rollins
19:40 Copart
23:04 Nebius
24:58 Cava
26:35 Fail Of The Week: Elisson vs California

00:00 Introduction
01:00 A History Of Picking Stocks
06:30 Uber
11:50 Meta
18:02 Netflix
20:15 Semianalysis Gemini Has Lost
23:48 Fail Of The Week: Keith Rabois

00:00 Intro
02:30 AWS Has Changed The Market
11:26 FICO Earnings
14:24 Uber & DoorDash
19:00 Duolingo
22:00 Texas Roadhouse
23:00 Tom Lee 2027 Prediction

Google, Microsoft, and Amazon have followed a pattern of their CAPEX having initial skepticism eventually followed by acceptance. This will happen with Meta as well. In each case there were 'reasons' that the stock deserved to be down. With Google it was that ChatGPT would disrupt search, Microsoft it was Claude would disrupt the software bundle and the backlog was too concentrated, Amazon it was large CAPEX spend with no flagship model. With Meta it's that they have no public cloud business. Like all the others, investors will eventually be convinced with Meta as well.