Stock Market

[pmclaine]

Still paying dick for savings accounts.

Be nice for fixed income peeps to get some return AND security.

Or kids to learn about finances by actually seeing their savings grow through interest.

 

[Hobo Hilton]

Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt.
The company said it reached a deal with creditors on a restructuring plan that includes evaluating its retail footprint and closing underperforming locations.

Rite Aid files for bankruptcy amid slowing sales, opioid litigation

Drugstore chain Rite Aid filed for bankruptcy as it faces a mounting debt pile, slowing sales and lawsuits alleging it oversupplied painkillers.

www.cnbc.com

 

[Hobo Hilton]

A wide decision.

"Our engagement with the Liontown team has been meaningful and productive. We appreciate the level of cooperation we have received, and we thank the entire team for their efforts," said Kent Masters, CEO of Albemarle. "That said, moving forward with the acquisition, at this time, is not in Albemarle's best interests."

ALBEMARLE WITHDRAWS NON-BINDING OFFER TO ACQUIRE LIONTOWN RESOURCES

/PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced...

www.prnewswire.com

 

[Lightning8]

The Markets Are Underpricing the Risks of 1914

www.theepochtimes.com

 

[S3th]

This is so funny to me.

 

[Hobo Hilton]

When a "Stock Market Guy" makes this suggestion, the tide is turning.

JPMorgan Chief Market Strategist Marko Kolanovic is telling investors to bet on safe haven investments such as gold and bonds. In a note, Kolanovic reiterated the he reccommends being underweight equities.

Buy bonds & gold, be underweight equities: JPMorgan strategist

JPMorgan Chief Market Strategist Marko Kolanovic is telling investors to bet on safe haven investments such as gold and bonds. In a note, Kolanovic reiterated the he reccommends being underweight equities. For more expert insight and the latest market action, click here to watch this full...

nz.news.yahoo.com

 

[Hobo Hilton]

This is so funny to me. View attachment 8250909

Just a 3 month down trend. A lot of that going on.

 

[Hobo Hilton]

Damage control:

DETROIT – General Motors said Tuesday it is delaying production of all-electric trucks at a Michigan plant by at least a year to “better manage capital investments” and implement improvements in an effort to make the new EVs more profitable.
GM now plans to begin construction of its next-generation EVs at Orion Assembly in suburban Detroit by late-2025, instead of next year. The factory currently produces the Chevrolet Bolt EV and EUV, which GM will cease producing at the end of this year.

GM to delay all-electric truck production at Michigan plant until late 2025

GM will delay production of all-electric trucks at a Michigan plant by at least a year to "better manage capital investments" and implement other improvements.

www.cnbc.com

 

[Lightning8]

Damage control:

DETROIT – General Motors said Tuesday it is delaying production of all-electric trucks at a Michigan plant by at least a year to “better manage capital investments” and implement improvements in an effort to make the new EVs more profitable.
GM now plans to begin construction of its next-generation EVs at Orion Assembly in suburban Detroit by late-2025, instead of next year. The factory currently produces the Chevrolet Bolt EV and EUV, which GM will cease producing at the end of this year.

GM to delay all-electric truck production at Michigan plant until late 2025

GM will delay production of all-electric trucks at a Michigan plant by at least a year to "better manage capital investments" and implement other improvements.

www.cnbc.com

I think the "Big 3" automakers are all re-thinking investments in union-friendly states. Watch for capital projects to be delayed or canceled and then restarted in "right to work" states.

 

[Hobo Hilton]

One more "Back to the Office" move

Roblox tells employees they have to come to office three days a week or take severance package

Roblox CEO David Baszucki told remote employees that they'll have to start coming to the office Tuesdays through Thursdays.

www.cnbc.com

 

[S3th]

 

[Hobo Hilton]

Back in the late 70's, when the Japanese cars were showing up, a very sharp fund manager said "Building cars is for Third World, developing nations". I disagreed with him at that time. Over the years the high tech industry came into play in America. He had gone on to say "Anyone can bolt on the left rear wheel of a Chevy"...
America has stayed way too long at the party (building cars). We are witnessing that playing out.

 

[NoDopes]

China posts 4.9% growth in the third quarter, stronger than expected

China's third-quarter economic growth came in stronger than expected, boosting hopes that the world's second-largest economy will meet Beijing's annual target this year.

www.cnbc.com

We are saved!

 

[S3th]

 

[S3th]

Money.

https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q3-2023-Update-3.pdf

 

[CMP70306]

View attachment 8251872

Not gonna lie, I clicked on the wrong thread and somehow thought you got ahold of Liberty Optics financials.

 

[Hobo Hilton]

One more CEO leaving the building after riding the wave.

Costco’s longtime CEO Craig Jelinek is stepping down from the company, after the warehouse club’s spree of pandemic- and inflation-fueled growth.
The company said Wednesday that Ron Vachris, the company’s chief operating officer, will succeed him. The change will take effect on Jan. 1.
In a news release, Costco said the two executives have worked together over nearly the past two years. It described the move as “the culmination of the long-standing succession plan.” Jelinek has been at the helm of the warehouse club since January 2012.

Costco CEO Craig Jelinek to step down Jan. 1; COO Ron Vachris will take over

The warehouse club has benefited from sales growth, fueled by pandemic pantry loading, inflation and millennials moving to the suburbs.

www.cnbc.com

 

[E. Bryant]

I think the "Big 3" automakers are all re-thinking investments in union-friendly states. Watch for capital projects to be delayed or canceled and then restarted in "right to work" states.

It's bigger than a union issue. They're seeing problems with the business case of mass-market EV adoption.

 

[E. Bryant]

View attachment 8251872

Increasing volume based upon massive price cuts causes declining profits. Tesla finally has become a proper American car manufacturer.

 

[Hobo Hilton]

The slow down is taking hold... Worldwide

 

[Lightning8]

Wallstreet Breakfast: Tesla (TSLA) initially moved slightly higher in after-hours trading on Wednesday after posting Q3 results that were just under estimates, while margins continued to shrink. Tesla's deliveries fell 6.7% sequentially, hurt by planned downtimes for factory upgrades, although the automaker still expects full-year deliveries of 1.8M vehicles. However, the stock dropped 4.2% after CEO Elon Musk tried to rein in expectations on the Cybertruck.

Dim outlook: "We dug our own grave with Cybertruck," Musk conceded, warning that "there will be enormous challenges in reaching volume production with the Cybertruck, and then in making a Cybertruck cash flow positive." He added that it will likely take 12-18 months before the truck is a significant positive cash flow contributor. The downbeat comments dragged Chinese electric vehicle makers' Hong Kong-listed shares - BYD (OTCPK:BYDDF) and Li Auto (LI) fell about 4% each, XPeng (XPEV) declined 9%, while Nio (NIO) was down 8%.

E-truck roadblocks: Tesla is not alone in facing roadblocks in its electric truck journey. This week, GM delayed the opening of its second electric truck plant in Michigan. Ford temporarily cut one of three shifts at the Michigan plant tasked with building F-150 Lightnings, and had previously pushed back its EV production target. Some analysts believe these challenges present an opportunity for Rivian Automotive (RIVN) to build up its electric truck reputation. The Cybertruck is expected to challenge Rivian's R1T, Ford's F-150 Lightning and GM's Chevrolet Silverado EV.

SA commentary: "Given Musk's recession playbook of prioritizing vehicle sales over profitability and the upcoming Cybertruck launch (and subsequent ramp), Tesla's margins are likely to stay under pressure in the near to medium term," said Investing Group leader Ahan Vashi. He has advised long-term investors to hold out for a better entry point to initiate or increase bullish positions. Livy Investment Research said the recent selloff in Tesla was a result of waning confidence in the company’s fundamental prospects, cautioning that there is "limited near-term respite." (104 comments)

 

[S3th]

I anticipated a TSLA sell off but to protect my covered calls, I rolled them out 5 months to a $280 strike for a credit. If I hadn’t done so, my options would expire worthless tomorrow given the stock closes below $230 or I could have rolled them to where they sit now for $900 credit per vs the $120 I did yesterday.

Oh well, prudent financial risk management doesn’t always pay.

 

[Hobo Hilton]

I anticipated a TSLA sell off but to protect my covered calls, I rolled them out 5 months to a $280 strike for a credit. If I hadn’t done so, my options would expire worthless tomorrow given the stock closes below $230 or I could have rolled them to where they sit now for $900 credit per vs the $120 I did yesterday.

Oh well, prudent financial risk management doesn’t always pay.

The market is playing on a different ball field. Takes a while to learn the rules of the home team / field.

 

[S3th]

The market is playing on a different ball field. Takes a while to learn the rules of the home team / field.

You don’t form a view if your goal is FRM. Your decision is based solely on what best reduces or eliminates your risk.

 

[Hobo Hilton]

You don’t form a view if your goal is FRM. Your decision is based solely on what best reduces or eliminates your risk.

Understanding Financial Risk Managers (FRMs) ​

An FRM identifies threats to assets, earning capacity, or the success of an organization. FRMs may work in financial services, banking, loan origination, trading, or marketing. Many specialize in areas like credit or market risk.
FRMs determine risk by analyzing financial markets and the global environment to predict changes or trends. It is also the FRM's role to develop strategies to counteract the effects of potential risks.

Given the "climate" of world events, being an FRM could put that position on the chopping block on a day by day basis. A job of attempting to minimize loss is a challenge.

 

[S3th]

I can't fire myself. If I could, I would have a while ago

 

[Hobo Hilton]

I can't fire myself. If I could, I would have a while ago

Patience, Grass Hopper

 

[S3th]

Patience, Grass Hopper

I am currently visiting Louisiana

Won the lottery with the weather we are having.

 

[Hobo Hilton]

I am currently visiting Louisiana

Won the lottery with the weather we are having.

There is NEVER a bad time to visit Louisiana. Those Coon Ass's cook great food 24/7........
"Laissez les bons temps rouler”
Put the phone down and go eat.

 

[eca7891]

@S3th

How is enphase looking?

 

[Hobo Hilton]

Like a rock

Enphase energy

 

[eca7891]

Like a rock
View attachment 8253313

Enphase energy
View attachment 8253311

Either it collapse like rvin or could gone way of nvidia.

A lot of middle ground in there as well.

 

[Hobo Hilton]

Either it collapse like rvin or could gone way of nvidia.

A lot of middle ground in there as well.

We will see many more similar pull backs. The stock buy backs put a Band-aid on some of them. Many CEO's riding off into the sunset after riding the wave.
Deja Vu .... History repeating
Always remember your "Investment Advisor" is building his retirement, even when he is losing your's.

 

[S3th]

@S3th

How is enphase looking?

Juicy. I sold $SGOV holdings to purchase more at $100 at open.

 

[S3th]

 

[Hobo Hilton]

The ride will be getting worse.

 

[S3th]

Very much so. Credit spreads continue to widen.

 

[S3th]

I caught up with an old friend while in Louisiana. Come to find out, he purchased a used 2018 Model 3 recently. Of course, I had to take it for a spin. Unbelievably great experience - only tested FSD briefly. I’m a believer.

Dude isn’t a share holder and his enthusiasm was high. Him and his wife recently completed a 2,500 mile road trip and are planning another.

 

[Hobo Hilton]

I caught up with an old friend while in Louisiana. Come to find out, he purchased a used 2018 Model 3 recently. Of course, I had to take it for a spin. Unbelievably great experience - only tested FSD briefly. I’m a believer.

Dude isn’t a share holder and his enthusiasm was high. Him and his wife recently completed a 2,500 mile road trip and are planning another.

Only in Louisiana:

 

[fx77]

Still paying dick for savings accounts.

Be nice for fixed income peeps to get some return AND security.

Or kids to learn about finances by actually seeing their savings grow through interest.

I grew up long time ago
My grammar school had a savings program. Everyone opened a savings account at a local bank U could deposit weekly any amount of money. 5 cents even. Kept it up till graduation from HS. I had 356 $ at 5% interest by 12 grade.
And in 6th grade everyone made up checks and created a virtual checking account. Each kid learned how to pay bills with home made checks and to balance a checkbook.

 

[pmclaine]

I grew up long time ago
My grammar school had a savings program. Everyone opened a savings account at a local bank U could deposit weekly any amount of money. 5 cents even. Kept it up till graduation from HS. I had 356 $ at 5% interest by 12 grade.
And in 6th grade everyone made up checks and created a virtual checking account. Each kid learned how to pay bills with home made checks and to balance a checkbook.

When banks were local getting kids involved was just creating a customer for life.

It was cool updating “passbook” savings and seeing the interest earned line.

Even as recently as 2007 when doing a big house remodel the rebuild money was making plus 5% in an ING account.

200k of building money collected good interest each month that paid for various things.

 

[Hobo Hilton]

The tide is slowly turning against China. That pivot is long over due.

Meanwhile, Micron is doubling down on U.S. manufacturing. Its current leading-edge chips are made in Japan and Taiwan, but Micron is aiming to bring advanced memory production to the U.S. starting in 2026 with a new $15 billion chip fabrication plant in Boise, Idaho. Micron celebrated its 45th anniversary in October by pouring the first cement at the new fab.

How Micron is building the biggest chip fab in U.S. history despite a China ban and smartphone slump

Micron is the only company making memory in the U.S. That's made it a target in the chip war with China, but it's still building the country's biggest chip fab.

www.cnbc.com

 

[eca7891]

Farewell LICY!

 

[Hobo Hilton]

Farewell LICY!

An opportunity for the day traders. No news about de-listing.
Always listen to the "experts"... LOL

• Wednesday, September 22, 2021
  
  
  1. 12:25 PM ET
     
     Li-Cycle started at buy with $15 stock price target at UBS MarketWatch

 

[S3th]

Farewell LICY!

I’m betting they will be acquired by Glencore or other unless they intend to raise equity at this valuation. They are a prime target at $200M market cap imo.

 

[S3th]

Last I checked, LICY had a fairly decent cash run way. Reduction in their CAPEX will extend that.

 

[E. Bryant]

View attachment 8253426
View attachment 8253427

So wait - Wall Street is telling us that we're not going to see 50% CAGR from here to eternity? We knew that already when Tesla failed to build several new assembly plants each year for the past few years, and we're seeing further evidence with the investment "pause" by Ford and GM (to its credit, Stellantis never really bought in). We're still waiting to see what VW does, but my guess is that its much-ballyhooed $200 billion investment over the next five years turns into something far less significant.

"Yet Tesla's auto margins are materially below that of internal combustion (ICE) products."

No kidding. Most industry insiders have known this for years, but the Tesla bulls couldn't accept the fact that the company's apparent profitability advantage is due almost entirely to its direct-to-consumer business model (traditional dealerships "earn" >50% of the total profit in the sale of a motor vehicle) and emission credits, and not gross manufacturing margin.

 

[S3th]

I caught up with an old friend while in Louisiana. Come to find out, he purchased a used 2018 Model 3 recently. Of course, I had to take it for a spin. Unbelievably great experience - only tested FSD briefly. I’m a believer.

Dude isn’t a share holder and his enthusiasm was high. Him and his wife recently completed a 2,500 mile road trip and are planning another.

Oh look. Another one of my friends recently bought a Tesla.

“ I bought it used and 100% recommend it. It’s stiff so if you live in New Orleans it might not be a good option. I was visiting a few weeks back and boy I was bouncing everywhere! lol. But it’s the best car i have ever had!!and I’m not saying that because I’m still on a high on having a new car. I bought mine on Facebook and it was a great experience i didn’t deal with all the dealership fees. If you have any questions feel free to keep reaching out.”

 

[Hobo Hilton]

Oh look. Another one of my friends recently bought a Tesla.

“ I bought it used and 100% recommend it. It’s stiff so if you live in New Orleans it might not be a good option. I was visiting a few weeks back and boy I was bouncing everywhere! lol. But it’s the best car i have ever had!!and I’m not saying that because I’m still on a high on having a new car. I bought mine on Facebook and it was a great experience i didn’t deal with all the dealership fees. If you have any questions feel free to keep reaching out.”

I have a visual image, Mardi Gras of course.

 

[Hobo Hilton]

The young people have caught a good ride on the wave. We will find out how much of that money they can hold on to.

NEW YORK, Oct 23 (Reuters) - \Money managers in the United States have closed funds with sustainability mandates faster than they opened new ones over the past three months as investor appetite waned for the asset class overall, data firm Morningstar said on Monday.
Investment products with a declared aim to promote ethically responsible practices, from cutting greenhouse gas emissions to increasing workplace diversity, have lost their lustre in the U.S. since a 2021 boom, as regulators scrutinised how they were marketed and Republican politicians alleged industries were being boycotted to the detriment of retirees' savings.
"For the first time in recent history, sustainable fund departures outpaced arrivals" in the three months September, Chicago-based researcher Alyssa Stankiewicz wrote. Three new funds were launched while thirteen closed in this category. One existing fund took on the "sustainable" label and four other funds moved away from that mandate.

ESG fund closures in US outpace launches for first time since 2020 - Morningstar

\Money managers in the United States have closed funds with sustainability mandates faster than they opened new ones over the past three months as investor appetite waned for the asset class overall, data firm Morningstar said on Monday.

www.reuters.com