As the year wraps up, Yahoo Finance sits down with CEOs across different industries to discuss a variety of topics, from the outlook for 2024 to single stocks to succession and activism.
Saks CEO Marc Metrick explains why 2024 will be “a year of two halves.” Metrick says in the “first half of the year, nothing’s going to spark the consumer, nothing’s going to get them excited.” “The first half of the year’s going to be a little tougher. And then as you move into the second half of the year, you’re going to get some of this positivity in the market… it’s going to move its way through to the consumer.“
Stocktwits CEO Rishi Khanna notes investor interest in single stocks. Some of the most viewed stocks this year on Stocktwits include Mullen (MULN), Tesla (TSLA), AMC (AMC), Nvidia (NVDA), and TMG (TRKA). “Personal interest, but also people understanding exposure to single stock names are an opportunity… to make money and make gains,” Khanna says. “Stocks and these products, move like digital products essentially. So the distribution is very much a power law… where you have the Magnificent Seven and the big guys that are up front, but the long tail of interests in names and stocks, reflect… the variety of interests of… everyday investors,” Khanna explains.
Leadership Circle CEO Bill Adams discusses succession and activism at companies. “Succession has become more important than it’s ever been,” Adams says, “organizations, businesses are getting very serious about it and that’s the first time that’s happened.” On activism, Adams notes that it “has leveled out. Now what we’re finding is that capitalism wins out.”
Key video moments:
00:00:05 – Saks CEO Marc Metrick
00:00:40 – Stocktwits CEO Rishi Khanna
00:01:20 – Leadership Circle CEO Bill Adams
