Budweiser keeps pushing higher despite bad headlines (0:30). AI technology segments moving down (3:00). Bitcoin in the short-term and long-term (5:15). Economy not looking as sweet as it was even a month ago (6:55).Show links: Anheuser-Busch Q4 Earnings TranscriptU.S. trade deficit has spiked to record highs amid tariffs fearsA New Age For Crypto With John D'Agostino, John Hoffman And Chris KuiperEpisode transcripts: seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Full Episode
Brian Stewart, I call him our fearless director of news, and he better be fearless in these type of geopolitical and stock market volatility and uncertainty that we find ourselves in. Brian, welcome back to Wall Street Breakfast. And can you start off with some good news? Is there some good news to be had?
stocks that have been moving up recently despite kind of the bad headlines that we've been facing one is budweiser keeps pushing higher as we're recording it's been up for 10 consecutive sessions it's only been down twice in the last 17 sessions it had results out last week uh they they were obviously taken positive by the market but it was already drifting higher from there.
So that's one stock that's sort of bucking the overall downward trend that the market has seen.
And what are the highlights there?
So that was more of an execution story. They also said that they didn't see a heavy impact from tariffs. At that point, when they were talking, tariffs were more conceptual than they were, something that was definitely on the horizon. But even in that context, they said that they weren't particularly worried about it. And so coming from a global operation like that, investors took that to heart.
But the problem is that that might be very specific to that company. They also showed some signs of weakness. Revenue was up, but volumes were down. So they were taking advantage of higher prices. So that was a situation where inflation was kind of working in their favor.
And they were also benefiting from a cost cutting regime, not an aggressive one, but one that sort of was eyeing cost cutting as a goal. So They were helped margin-wise there. So you can't expect that from every company. And I think what we're learning From the recent past is that when you're dealing with high-risk assets, those can go up very quickly, but those also come down.
So a lot of the damage that's been done recently has been done in kind of those higher-risk areas, technology, crypto, those kind of spaces. But there are pockets of strength in the more defensive sectors. If you look at the performance of the major averages so far, This year, you can see the bifurcation.
So the NASDAQ is down around 4% year to date, but the Dow is basically flat and you have the worst Dow components are Salesforce and Nvidia, both down about 13% so far this year. But if you flip it around and look at the best Dow components, you have Amgem, you have 3M, You even have IBM as sort of an old fashioned technology play doing well within the Dow.
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