2 Buds Talk Stocks
2 Buds Talk Stocks
2 Buds
10. Stock Talk about GE, PHILLIP MORRIS, ALTRIA, GOOGLE, FACEBOOK, AMAZON, ROKU, and More!
35 minutes Posted Jun 1, 2021 at 12:10 am.
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Join Nate and Mike as they discuss a couple blue chippers. At the height of the 80’s General Electric ($GE) not only brought good things to life, but their stock was unstoppable. The same could be said for tobacco makers, Phillip Morris ($PM) and Altria ($MO).
This is why we don’t marry the stocks of the companies we invest in, and we have to be able to sell if our original thesis has changed, or we don’t feel good about owning companies that make products we don’t align with our values.
Mike sells $GE and $PM and invested in Google ($GOOGL). Now that Mike holds the F.A.A.N.G, Facebook($FB, Apple ($AAPL), Amazon ($AMZN), Netflix ($NFLX) and Google, he may be looking to change it to just AANG.
$MO was Nate’s first ever stock purchase, and he has owned the stock for over 14 years, but has serious reservations about the social aspect about being part owner of a company whose product kills people. Does this make him a hypocrite, and can Mike help him see the light?
$PM was the king of spin-offs, having spun off companies like Nabisco, Best Foods, Mondelez ($MDLZ), Kraft and Heinz ($KHC). This leads to a discussion of the 5 music group spin-offs.
Netflix and Disney ($DIS) are leaders in the steaming space, and Nate also talks Roku ($ROKU). Amazon recently purchased MGM Movie studios. Is the nearly 9 billion they paid worth it, and more importantly what are the best movies in MGM’s library? All this and more.