Tuesday Jan 17, 2023

AAP Podcast: January 17, 2023 - Chatting with Todd Campbell of TheStreet Smarts

As we get ready for a big week of December quarter economic data and the heat turning up on the December quarter earnings season, TheStreet Smarts’ Todd Campbell and AAP’s Chris Versace sit down for the latest AAP Podcast. The two run through a number of topics influencing the market including the upcoming December Producer Price Index, expectations for a shallow and short recession, China’s re-opening, wage inflation, commodity pricing, the dollar and why that combination is likely to keep the market rather bumpy in the near-term.

 

 The topic of minimum wage increases leads to them to talk about the restaurant industry and the recent win by Presto Automation (PRST) with American Mexican style fast food company Del Taco. They then talk chip stocks running the gamut from automotive chip players, including indie Semiconductor (INDI), On Semiconductor (ON), and Wolfspeed (WOLF) in part because EV adoption looks to be a powerful driver of chip demand.

 

Finally, Todd shares what he’ll be focused on as the pace of earnings season picks up this week using Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley as an example. Chris does the same with Procter & Gamble (PG) sharing what the confirmation point he’s looking for inside that upcoming report.

 

 

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