FOX Business: Claman Countdown, 08/23

[Music] okay folks well the closing bell uh rings in about three and a half minutes markets are all in the green right now major averages all looking at a positive week their second straight week of gains uh take a look at cryptocurrency all the major digital assets charging higher across the board Bitcoin ether Litecoin xrp um all up right now let's break out Bitcoin okay look at the spike around the time when RFK Jr began speaking some crypto experts believe the independent candidate suspending his campaign endorsing former president Donald Trump is a bullish case for crypto so we're going to be watching that Wall Street insiders though they're betting that the federal government will Target Novo Nordisk diabetes weight loss drug OIC in its Medicare drug price negotiations in 2027 that's according to Reuters the drug cost Medicare over 4.6 billion in 2022 Novo Nordisk is about flat right now today's countdown closer says one other weight loss drug maker might be better to add some heft portfolio joining us now is strategy asset manager CEO Tom pulick all right Tom which one is it which is the the stock that you're picking well I we've been talking to our clients about Eli Lily quite a bit Kelly and thanks for having me on the program today one of the things that you've got to take a a focus on is is Lily just released a study showing that their drug was 94% effective in preventing diabetes and overweighted adults and so if you keep this in mind there're over a hundred million Americans that have pre diabetes I mean this is a GameChanger for people and their health going forward so we really like Lily and that's what we're going to be focusing on today so let's stay on the fit train because I was looking at your picks and I know you like Dick Sporting Goods um kind of being a good pick of people getting fit uh are you worried though that in that retail space you know they could struggle as consumers pull back uh you know we're not worried about the retail space and struggling with Dick Sporting Goods if you look at the health and wellness kick that people are on and you take a look at Dicks you know the effect of LP drugs right now is already ripping across the economy and and we're seeing it in other companies that we own even including some of the downstream companies including the Pharmaceuticals but in the health and wellness but Dix really is positioned really well because millions of Americans are trying to get out of the Obesity size you the demand for athletic equipments is going to be huge and so it's likely going to grow and the the ability to exercise more easily it's going to be dicks is going to be the advantage there yeah I mean it's up close to 64% this year um really quick I know you also like Walmart they've been able to bring in that upper end consumer are they able to keep them if you know prices do come down in the future well Walmart's been very very fast to discounting uh some of the inventories that they have so you you want to expect to see discounts when you go into a company like Walmart and retail sales in general have slowed but in response to that that's the price competition so you don't want to see price fixing you want to see competition and that's how Walmart has been gaining share over others like Target and we really like Walmart right now all right Tom we're going to have to leave it there thank you so much okay