Buy, hold or sell? Netflix, AI chips and the super debate

**SPEAKER_1** (0:01)
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**SPEAKER_3** (0:56)
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**Owen Rask** (1:26)
Hey there, here's a quick note. This podcast contains general financial advice only. That means it's not specific to you, your needs, goals, or objectives. So don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes.
Drew Meredith, how are you doing?

**Drew Meredith** (1:47)
Excited to be here with some fantastic, steady Wi-Fi.

**Owen Rask** (1:52)
I'm glad you said Wi-Fi. I don't know what you're going to say.
But I'm glad for that too, Drew. I thought maybe today we could start off with a bit of buy, hold, sell. Now you said off air that you wanted to do buy or sell.

**Drew Meredith** (2:06)
I think hold's a cop out.

**Owen Rask** (2:08)
Okay.
So are you ready? I'm going to bring things up on the screen.

**Drew Meredith** (2:13)
Are they only limited to investments or are you going to have some other random things in here?

**Owen Rask** (2:17)
Ready? Buy, hold, sell.

**Drew Meredith** (2:21)
Economic modeling.

**Owen Rask** (2:23)
From the Treasury Department.

**Drew Meredith** (2:26)
It's nice and conservative. So I reckon I'm a hold. I think it's a little bit too conservative and then a bit too optimistic. Why? What do you got for me?

**Owen Rask** (2:35)
No, no. That's right. I'm just giving you an opinion on the Treasury Department. Buy, hold, sell Jordan Peterson.

**Drew Meredith** (2:42)
I mean, there was a period five or so years ago where I kind of liked some of the writing of Jordan Peterson. It's probably a sell on Jordan Peterson at the moment.

**Owen Rask** (2:54)
Okay. Buy, hold, sell Kevin Spacey.

**Drew Meredith** (2:57)
I think it's a hard sell on Kevin Spacey too.

**Owen Rask** (2:59)
And final buy, hold, sell for today is Netflix stock. Is there a stock in here?

**Drew Meredith** (3:04)
Well, there's a link between the last two, and the last one there. I think, I mean, Netflix kind of looks like OpenAI at the moment. So maybe it's a, how far is it down? 40%. I reckon it's a buy on Netflix.

**Owen Rask** (3:16)
Down 45% in 12 months is Netflix. And there is a bit of news out of that. So perfect segue. It's been through the head and shoulders pattern.

**Drew Meredith** (3:22)
Ready for a rally, I think.

**Owen Rask** (3:23)
It's ready for a rally, says trader Drew. Okay, so-

**Drew Meredith** (3:26)
Potentially, 45% down. Yeah, doesn't look great when everything else is doing well.

**Owen Rask** (3:30)
We do have a lot of news out this week and a lot of things to talk about slash discuss. We've got Challenger.
Drew says OpenAI is moving into hardware. We've got TSMC results. We have JPMorgan results. Some bozo has been wrong for 20 years, but still gets a media slot.

**Drew Meredith** (3:47)
Not Andrew Deremouth.

**Owen Rask** (3:48)
Not Andrew Deremouth. He doesn't get a media slot.