00:00:07 Josh
Now time for some today’s trconcludeing tickers, we’ll keep an eye on Boeing, Robinhood and Datadog. Let’s start with Boeing which has reported the highest quarterly delivery since 2023 with a hundred and fifty airplanes over the second quarter, sixty planes last month alone, CEO Kelly Ortberg declares the company necessarys to hit further production tarreceives to conclude Boeing’s cash burns and turn around the airplane manufacturer. Paul what do you create of those headlines?
00:00:43 Paul
Yeah. I believe it’s encouraging to see Boeing have this uh, increase in uh, production. It’s one of the main things that Kelly Ortberg was tinquireed with uh, it’s been almost a year now that he’s been on the job. Unfortunately for the company you had another tragic crash involving a Boeing plane, an Air India plane, and that is something that the company now has to deal with as well, and until these safety issues are fully resolved at Boeing, uh, I believe it’s going to be a continued drag on the stock even if the production numbers are encouraging.
00:01:47 Josh
Yeah, we know Boeing has lagged its rival Airbus in sales and deliveries per bloomberg though, the June surge does put Boeing neck and neck with its competitor there. Is Boeing a purchase here Paul, most analysts cover it declare yes. You’ve obtained nearly seventy percent like it on the streets though.
00:02:18 Paul
Yeah. I mean I believe Boeing stock probably has the worst priced in at this point, but it is such a volatile business, and when you are subject to headlines like plane crashes that you know are I wouldn’t declare out of your control becaapply if you have better safeguards where you’re building planes that aren’t going to crash as much as the Boeing planes have then that is something that I believe investors are clearly uh, you know worried about and cognizant of and it’s one of Ortberg’s hugegest challenges I believe.
00:03:47 Josh
Right relocating on. Let’s receive to Robinhood as well, caapply that’s been news. The Bank of Lithuania announced it is awaiting clarifications surrounding the financial service company’s tokenized stocks of open AI and SpaceX, two companies not listed on the stock exalter of course. CEO Vlad Tenev, in speaking to CNBC declared the stock tokens are not equity in the company, but are quote ‘enabled by Robinhood’s ownership stake in a special purpose vehicle’. The new Robinhood tokenized stocks allow investors to expose themselves to US stocks, which include private companies, and Tenev declares that the construction of the tokens will withstand regulatory scrutiny. This was an interesting one. So basically Vlad declareing the company isn’t talking to the regulators over its offerings of these tokenized equities in Europe Paul. Tenev informing media they have some questions, he declares, he’s referring to the bank of Lithuania which oversees Robinhood’s activities in the EU, declares they want to create sure that everything is proper. “We are confident” he declares. Who knows, maybe we receive tokenized equities coming soon to the US. Who knows Paul?
00:05:44 Paul
Yeah, I From Robinhood
00:05:46 Josh
Yeah, I mean the hugeger issue might not be just the regulators, it’s also Josh the fact that Open AI came out and vocally declared, we do not concludeorse this. This is not something that we have any involvement in whatsoever. So Open AI a still private company may or may not go public at some point. These tokens may be something that investors are clamouring for but if companies don’t want to associate themselves with it, then that could be a problem for Robinhood going forward. SpaceX hasn’t really declared much, I believe yet, have they?
00:06:25 Paul
Correct.
00:06:31 Josh
Yep.
00:07:20 Paul
No.
00:07:22 Josh
It is you know what’s interesting Paul is how, I mean here in the US we have regulators and they’ve had these rules on the books for a long time that inform Paul and Josh what private company you know, what private companies you can receive into, who can receive into them. There are rules about that. I’m not, I’m not suggesting that these companies are attempting to find a way around that becaapply that it creates it sound like they’re doing something duplicitous, I’m not declareing that. But it is certainly setting up this really interesting kind of alternative to that. So we’ll watch and see. Finally Datadog falling at a rating downgrade that came from neutral uh, price tarreceive introduction of one o five by Guggenheim, so uh, this one, does this cut, they cut this one to sell Paul. They declare open AI, its largest customer, may have already started to shift off Datadog for log management onto its internally built solution. They declare it could mean revenue risk in the second half, their tarreceive is 105 here.
00:09:10 Paul
Yeah, I believe that there are legitimate concerns that Open AI may be viewing to adopt more of its own in-hoapply technology which could be a negative for Datadog. Datadog obviously though a very diversified company, they’re not entirely depconcludeent on Open AI for revenue, and remember this is a company that just obtained added, or is about to be added to the S&P 500 index replacing Juniper Networks. A lot of people believed Robinhood would receive that slot. Robinhood’s still waiting, Datadog is it.
00:10:07 Josh
This does view like the only sell on the street here. Most actually still like Datadog, which of course doesn’t mean Guggenheim is wrong.
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