In this episode, Scott Becker breaks down 10 stocks that took major hits in the market, from Tesla and Zoom to Peloton and Trump Media.
No persons identified in this episode.
Chapter 1: What stocks got crushed yesterday?
But here's 10 stocks that got crushed yesterday. They ended up down not as bad as they were earlier in the day. But here's 10. First, hims and hers down 20 plus percent yesterday. Second, Tempest AI down around 15 percent yesterday.
Chapter 2: What happened to Hims and Hers stock?
Third, Trump media also took it on the chin, but he might be close to resolving some stuff with Ukraine, which is just fascinating to watch the negotiation style and everything else. But Trump media took it on the chin yesterday. Fourth, MicroStrategy, a big Bitcoin investor, was also down significantly yesterday. Fifth, Robinhood also fell nearly 10%. Sixth, Planet Fitness.
Chapter 3: Why did Trump Media stock decline?
I am so out of it and don't know anybody that goes to Planet Fitness. They also got crushed yesterday. Tesla fell 9% yesterday. Now, I'm a huge Elon Musk fan in so many ways. At home, we have a Tesla. It's one of the cars in the household. I cannot stand driving that car, and I don't mean that as a negative on Tesla, but down 9% yesterday. I know it's not because of me.
Chapter 4: How did Bitcoin-related stocks perform?
Eighth, Zoom, also down 9% yesterday. And I have to tell you, I'm a huge Zoom fan. I think it's the easiest platform to use. I love it. We use it every day. When somebody puts me on one of these other platforms, and I won't name names, I just hate it because it makes it more complicated than everything else.
Chapter 5: What was the impact on Tesla's stock?
I know they've got more bells and whistles, more tools, but I just love using Zoom and love recording with our fantastic producer, Chanel Bunger, through Zoom. She's the best. Ninth, Astero Labs dropped about 8% yesterday. And what is Astero Labs? I really don't know. I ended up owning some Astero Labs directly through a fund I invested in that distributed those shares. A great fund.
So thrilled I'm an investor in it. Astero Labs went way up and then went way down. And, of course, I have no idea when to sell it. I just have no idea. It is what it is. A lot of these stocks should come with a manual. Don't hold for too long. But Astero Labs is getting crushed. Peloton is down 7.5%. It got crushed yesterday.
Again, Peloton is one of these stocks where I just have no idea what's going to go on with that. If the indication of use of the bikes in our house is any indication, Peloton's in trouble. Thank you for listening to the Becker Private Equity and Business Podcast. Again, thank you to our producer, Chanel Bunger. Really just the best in the business. Thank you so much.