Zaid Admani
๐ค SpeakerAppearances Over Time
Podcast Appearances
That's why aluminum futures are surging up more than 4% today.
And the metal is now up 10% higher than where it was before the war started.
And that's why investors are piling into Alcoa with shares up 10% this morning because it's one of the largest aluminum producers in the world.
And it stands to benefit from tighter global supply and higher prices.
Now, on the flip side, Avis is down this morning, giving back some of the gains from last week's monster rally where the car rental stock jumped 48%.
A big reason for the rally last week was the chaos at US airports from the partial government shutdown.
TSA agents are working without pay.
A bunch reportedly called out or straight up quit.
And that led to brutal airport wait times at airports across the country.
That wait time probably scared away some flyers who probably chose to drive instead.
And as a result, Avis was a benefit.
Now, there still is a partial government shutdown, but President Trump did sign an executive order over the weekend to pay TSA agents.
That's taken some air out of the Avis trade, and traders are probably cashing in on the massive run-up from last week's run.
Shares of Avis are down around 7% this morning at the time of this recording.
Let's wrap the show with a fun fact.
Sony is raising the prices of the PS5 again.
Prices of all the PS5 models are going up.
The digital version is going from five hundred dollars to six hundred dollars.
The disc version is going from five fifty to six fifty.
And then the PS5 Pro is getting the biggest price increase, jumping from seven fifty all the way up to nine hundred dollars.