Bank Stocks! TSLA Earnings and Carvana Craziness. Pete Renzulli talks stocks with New Construct CEO, David Trainer. The importance of a strong balance sheet is emphasized, and they discuss how JPMorgan's prudence has helped them weather economic downturns.

They mention that earnings season has just begun and ask if there are any stocks to watch. They express their preference for basic material stocks, energy stocks, and financials, which they believe are undervalued compared to AI and other overvalued stocks.

Moving on, they introduce Carvana as a meme stock that has seen a significant increase in stock price in a short period of time. They explain that Carvana is considered a zombie stock, meaning it is losing money and does not have enough cash to sustain its burn rate for more than 24 months.

They mention that the company sold shares after its stock price went up, but its business model is broken and has never been profitable.

They discuss Carvana's stock performance, noting that it has gone from $5 in May to over $59 currently, representing a 736% increase. They also mention that the size of the stock's candles has increased, indicating more people are getting involved in trading it.

There is a concern about whether buying the stock at this point is a good investment or trade.

Schwab. The focus then shifts to Zion, which has seen a recent increase in stock price. The analysis highlights Zion's profitability and valuation. Schwab and Zions are presented as long ideas due to their cash flow and attractive valuations.

Goldman Sachs' underperformance is discussed, with mention of their failed consumer division expansion. The video concludes with a discussion on the future outlook for banks and the impact of technology on the industry.

David Trainer, New Constructs
https://www.newconstructs.com/

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