About this Video
- Video Title: My Stock Just Imploded‼️
- Channel: Jeremy Lefebvre Makes Money
- Speakers: Jeremy Lefebvre, Tom Lee (mentioned), Malcolm ECridge (mentioned), Josh Brown (mentioned), Max Meers (mentioned), Craig (mentioned), Brian (mentioned), Alex Chris (mentioned), Jamie (mentioned), Usain Bolt (mentioned), Tyson Gay (mentioned), Asafa Powell (mentioned)
- Duration: 00:39:45
Introduction
This video discusses the speaker's reaction to recent stock market events, including Amazon's earnings report, the performance of various stocks (SoFi, Meta, PayPal, Shake Shack), and the IPO of Figma. The speaker also addresses the concept of "scarcity mentality" versus an "abundance mentality" in investing.
Key Takeaways
- Amazon's strong earnings: Despite economic headwinds, Amazon showed significant revenue and net income growth, leading the speaker to believe the stock is headed higher.
- Meta's upward momentum: The speaker anticipates continued growth for Meta, predicting it will reach $850 per share.
- SoFi's potential: SoFi is highlighted as one of the top growth stocks in the market due to its impressive revenue and bottom-line growth.
- Scarcity vs. Abundance Mentality: The speaker emphasizes shifting from a scarcity mindset (believing resources are limited) to an abundance mindset (believing opportunities are plentiful) for investment success.
- Figma's IPO and potential crash: While acknowledging Figma's strong initial performance, the speaker predicts a significant crash within the first year or two, advising against immediate investment.
- PayPal's stagnation and Shake Shack's valuation: The speaker discusses selling PayPal due to a lack of excitement and expresses skepticism about Shake Shack's high valuation.
- Market cautiousness and hedging: While acknowledging strong earnings reports, the speaker expresses concern about potential over-bullishness in the market and plans to hedge his portfolio if the market becomes too euphoric.
