Here’s what you need to know today

• Australia’s Channel 10 has a new owner. Well, more specifically, the owner of Channel 10 has a new controlling shareholder. David Ellison’s Skydance Media will be buying National Amusements, the company that controls Paramount Global, which in turn owns Channel 10. Confused by that? All you need to know is Channel 10 has a new owner and with the network in serious turmoil, change is a matter of ‘when’ not ‘if’.
  
  

• Staying on Australian media, staff at Nine Newspapers Sydney Morning Herald, The Age and Australian Financial Review are reportedly preparing for strike action as pay negotiations stall and the company prepares for job cuts.
  
  

• Fears of a far-right insurgency after the first round of voting in the French Parliamentary election have not come to pass. Instead, as the votes were counted Monday (Australian time) it was actually the coalition of left-wing parties that have come out on top. 
  
  

• Tesla has done a full round trip. After falling more than 40% in the first 4 months of 2024, the company’s share price has surged to new yearly highs. This is despite slowing deliveries amidst greater competition.
  
  

• More studies are finding incredible results from Ozempic and other GLP-1 drugs. The latest? GLP-1 drugs could reduce the risk of cancer for diabetes patients. It’s not all good news though. Another study found these drugs could be linked to a common cause of sudden blindness.
  

What the…?

Walmart’s experiments with delivery drones are facing a uniquely American roadblock. Americans keep shooting these Walmart delivery drones. Many shooters report that the drones are spying on them.

With Walmart announcing plans to have the “largest drone delivery footprint of any US retailer” and expanding drone delivery programs at Amazon, DoorDash, FedEx and Chik Fil A amongst others - expect more reports of drone shootings coming out of the US.

Investing is a lifelong journey

Here’s what you can learn today.

Aswath Damodaran: The ‘Magnificent 7’ have become the value stocks of the market

Aswath Damodaran is a Professor of Finance at NYU’s Stern School of Business and is perhaps the most well-known expert on valuing stocks. He is also a previous guest on Equity Mates (Apple | Spotify | YouTube).

In a recent interview he argued that the Big Tech companies are becoming the ‘value stocks’ in this current market, by delivering consistent growth in earnings and cash flow.

It is a different perspective on some of the most-discussed stocks on the market. Not sure it’s one we totally agree with, but an interesting perspective. Towards the end of the interview Aswath also discusses his view on the market’s current valuation and where it might be going next.

This email is thanks to Vanguard Super

You all know Vanguard’s award-winning ETFs, but did you know their super fund is winning awards too?

With Vanguard Super you get the same 45 years of global investment expertise, plus, it’s low-cost and designed to fit your needs. Whether you're just starting your career or planning your retirement, Vanguard has you covered.

Explore Vanguard Super.

_{Terms and conditions apply. Scroll to the end of this email for full disclaimer.}

Want more Equity Mates?