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#3,652
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.

www.cnbc.com

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 www.cnbc.com
 
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#3,653
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."

www.prnewswire.com

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 www.prnewswire.com
 
#3,655
This is so funny to me.
IMG_9814.png
 
#3,656
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.

nz.news.yahoo.com

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 nz.news.yahoo.com
 
#3,658
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.

www.cnbc.com

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 www.cnbc.com
 
#3,659
Hobo Hilton said:
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.

www.cnbc.com

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 www.cnbc.com
Click to expand...
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.
 
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#3,662
S3th said:
Click to expand...

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.
 
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#3,667
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.

www.cnbc.com

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 www.cnbc.com
 
#3,671
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)
 
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#3,672
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.
 
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#3,673
S3th said:
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.
Click to expand...
The market is playing on a different ball field. Takes a while to learn the rules of the home team / field.
 
#3,675
S3th said:
You don’t form a view if your goal is FRM. Your decision is based solely on what best reduces or eliminates your risk.
Click to expand...

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.
 
#3,683
eca7891 said:
Either it collapse like rvin or could gone way of nvidia.

A lot of middle ground in there as well.
Click to expand...
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.
 
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#3,688
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.
 
#3,689
S3th said:
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.
Click to expand...
Only in Louisiana:
1698001309602.jpeg
 
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#3,690
pmclaine said:
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.
Click to expand...
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.
 
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#3,691
fx77 said:
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.
Click to expand...

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.
 
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#3,692
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.

www.cnbc.com

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 www.cnbc.com
 
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#3,697
S3th said:
View attachment 8253426
View attachment 8253427
Click to expand...

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."

:ROFLMAO: 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.
 
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#3,698
S3th said:
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.
Click to expand...

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.”
 
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#3,699
S3th said:
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.”
Click to expand...
I have a visual image, Mardi Gras of course.

1698111738080.png
 
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#3,700
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.
www.reuters.com

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 www.reuters.com
 
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