Prime Capital Financial Chair and managing partner Scott Colangelo discusses SpaceX’s IPO and explains why he believes stocks remain undervalued on ‘Varney & Co.’
Prime Capital Financial Chair and managing partner Scott Colangelo joins David Asman to discuss SpaceX, highlighting how Elon Musk’s execution exceeds expectations, benefiting many investors through 401Ks and other funds. Colangelo asserts that the market is currently undervalued, with corporate earnings surpassing expectations due to AI’s impact on productivity. He emphasizes that earnings are the fundamental driver of stock growth, dismissing tech bubble comparisons.
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