On a down day for the market, Scott Becker breaks down Shake Shack’s surprising stock surge and five big losers
Chapter 1: Why is Shake Shack's stock surging today?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today, we're coming to you with some stock market results on a day that's been a down day for the market. Some of the big names are taking to the chin, but alas, Shake Shack is winning. So we're going to talk to you about Shake Shack plus five losers. Shake Shack had great fourth quarter results. It wasn't me, I promise.
Chapter 2: What are the main losers in today's market?
It wasn't me overindulging in burgers and fries and all those kinds of things. The one of the kids happens to love Shake Shack. It's about 10% as investors breathe a sigh of relief at Shake Shack. Now, that's the good news today in terms of the stock market. In contrast, there's a number of stocks that have been regular winners that are taking on the absolute chin today.
Chapter 3: Why is Carvana struggling in the stock market?
One of those, and I'll start with that one, is Carvana. Carvana, which nobody ever really believes their accounting, even though it went way up over the last year, is down 14.3% today. It's one of those companies where it's hard to believe what they say. There's a lot of discussion.
Chapter 4: What are the concerns around Carvana's accounting practices?
They're keeping their numbers up by selling a lot of things to subprime loans, and a lot of those subprime loans are behind in terms of... Consumers making payments on them and they hide the ball. Well, I don't know the truth on it. That's what at least one of the short sellers speculates that short sellers now out of business. But but nobody really knows whether to believe Carvana at all.
And when they give really rosy forecast. people get even more concerned about whether they're telling the truth or not. Second, FTI Consulting, again, took it to the chin today as they had a tougher last quarter than expected. Third, Tempest AI, which has been all over the news and rising like crazy. It's one of my close friends' favorite stock picks.
I'm always a little concerned that it's doing so well. But in any event, they're also taking it to the chin today. They're way down. Two other stocks I'll mention. Reddit, which has recently had a tough run as they're getting lower and lower losers, is down 9.34% today. And then finally, Royal Caribbean Cruise Lines. And again, I can't take a cruise because my claustrophobia won't allow it.
It's also down about 9% today. So that's what we're watching today. One stock, Shake Shack, way up. But some of the stocks we've been watching regularly, Carvana, Tempest, Royal Caribbean, which I don't watch that regularly. Reddit, which has been down a lot lately. And FTI Consulting, which a close colleague just joined, taken to the chin today. Shake Shack, keep eating those burgers.
God bless them. I got to try and avoid it, at least do it without the bread. It is what it is. Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very, very much.
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