CNBC's "Fast Money" America’s Housing Affordability Crisis… Plus Lululemon Downward Dog 5/21/24
May 21, 2024
The podcast delves into America's housing affordability crisis, discussing soaring prices and mortgage rates affecting potential homebuyers. It also explores the challenges facing Lululemon as a company, with predictions of downward trends. Additionally, topics include interest rates' impact on the housing market, university protests, Eli Lilly's market news, ETF approval effects on Ethereum, and anticipation surrounding Nvidia's earnings.
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Episode notes
Housing Market Dynamics
- High mortgage rates discourage existing homeowners from selling.
- This leads to weak existing home sales, benefiting new home sales.
Apple's AI Opportunity
- Apple is a hidden AI play, benefiting from future consumer app demand.
- This will drive a refresh cycle for Apple products like phones and iPads.
Investing in AI
- The easiest way to invest in AI is through Nvidia, AMD, cloud companies, or those with large databases.
- Beyond those, Apple is a good option, but much of the AI landscape remains uncertain.