Ford likes to make money, and the Super Duty does that very well. This announcement was worth an immediate 2.5% bump in the share price.
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Stock Market
- Thread starter pmclaine
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Ford likes to make money, and the Super Duty does that very well. This announcement was worth an immediate 2.5% bump in the share price.
Investment firm says massive short of Truth Social stock before Trump shooting was ‘filed in error’
Who knew!!! All you have to do once you short a stock the day before a major event like this and it goes against your favor is you call your broker and say, “Whoops! My bad. I want a do-over on that. Then they’ll say, ‘No problem buddy. We gotcha covered.’'
I did not know the stock market worked like that. Amazing!!!!
If trump had died.....Investment firm says massive short of Truth Social stock before Trump shooting was ‘filed in error’
Who knew!!! All you have to do once you short a stock the day before a major event like this and it goes against your favor is you call your broker and say, “Whoops! My bad. I want a do-over on that. Then they’ll say, ‘No problem buddy. We gotcha covered.’'
I did not know the stock market worked like that. Amazing!!!!
would the company have mentioned the 'error'?
Kinda interesting, they took that short out, who did they know that gave them inside information?
Of course they would have informed the brokerage firm and market that they accidentally made millions overnight, just an accounting error. (Sarcasm)
Just a coincidence of course. It’s not like Blackrock is involved in any way with any of this.
Wallstreet Breakfast: Tesla (TSLA) slid 7.8% AH on Tuesday as its Q2 earnings, margins and cash flow fell short of expectations, and it forecast slower growth for the year. In the post-earnings call, Elon Musk said discounting in EVs has made it difficult for Tesla, but thinks it will only be a near-term issue. He added that Tesla is on track to deliver an affordable model in the first half of 2025, while the robotaxi event has been rescheduled to October 10. Tesla is also pausing its plans for a Gigafactory in Mexico, given the potential for tariffs if Donald Trump is elected. Separately, Musk fired off a poll on whether Tesla should invest $5B into xAI, with nearly 70% votes in favor of the move.
Q2 GDP estimates are in:
www.bea.gov
2.8% vs an expected 2%. But Q1 got revised down from 1.6% to 1.4%, so who knows if this most recent number is valid.
Should be fascinating to see how the markets treat this report, since we're living in opposite world and good = bad because it slightly decreases the chance the Powell will cut rates and add more fuel to the fire.
Gross Domestic Product, Second Quarter 2024 (Advance Estimate) | U.S. Bureau of Economic Analysis (BEA)
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024 (table 1), according to the "advance" estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP increased 1.4 percent. The GDP estimate released today is...
2.8% vs an expected 2%. But Q1 got revised down from 1.6% to 1.4%, so who knows if this most recent number is valid.
Should be fascinating to see how the markets treat this report, since we're living in opposite world and good = bad because it slightly decreases the chance the Powell will cut rates and add more fuel to the fire.
The economy is BOOMING!
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kfiam640.iheart.com
National Furniture & Appliance Chain Goes Bankrupt, Closing All 550 Stores | KFI AM 640
It's the latest retailer to declare bankruptcy and shutter all locations.
I’m seeing boats, vehicles, houses etc local to me all being offered a lot cheaper than anytime since 2019. By the spring the employed will be in a good spot.
BOA
investorplace.com
Warren Buffett Is Dumping Bank of America (BAC) Stock. What’s Going On?
Warren Buffett and Berkshire Hathaway have sold $2.3 billion of BAC stock during the past six trading days. Here's what you need to know.
investorplace.com
The economy is BOOMING!
National Furniture & Appliance Chain Goes Bankrupt, Closing All 550 Stores | KFI AM 640
It's the latest retailer to declare bankruptcy and shutter all locations.
To be fair, a significant number of retailers deserve to go out of business. Some of those stores makes it feel like I'm dying inside a little bit with each visit.
Good news - core inflation is "only" 2.6%, so I guess it's time to drop interest rates and fire up the printing presses so that we can really juice the stock and housing markets prior to the election.
digital coupon special....... 18 eggs - 2.49. regular 5.00 those bad boys use to be 1.59 regular everyday in 2020...
Joe and VP did this..
2.6% core inflation; measured from ? the prices yesterday? Gov is full of crap and anyone that works for a living knows it.
The effect of several trillion dollars being pumped into the economy hadn't shown themselves yet. Joe and the hoe are not solely responsible for the inflation. Also, many companies were charging as much as they could until they hit the limit of what the market would bear. Now prices are dropping to entice the poor into buying 12 packs of cokes again. While I 100% agree that Joe and the Ho contributed to the inflation, it's not squarely on their shoulders.
True, there's the other HIGH stuff beside MJ that the Biden/Harris did......
Higher fuel costs
Higher Grain / Feed Costs due to higher Fertilizer costs
Cage Free Laws for eggs that Dems forced down farmers throats that contributed to higher prices
Higher, higher, higher.......etc.
Yeah, there's 15 years of reckless monetary and fiscal policy that preceded Biden and deserves its fair share of the blame. But also to be fair, passing a trillion-dollar spending bill and calling it the "Inflation Reduction Act" took the Orwellian rhetoric to a new level and deserves relentless mockery.
I am glad somebody other than me said it.
As long as everybody is in hyper-partisan mode, the problem will never get fixed.
Wait till they shove a 2 Trillion one down our throats.. Child uplifting and supporting act? If it's for the kids.. you have to pass it before reading it
To be fair, "they" could be Harris and a Democrat-controlled Congress or Trump and a Republican Congress or maybe it'll be a "strong bipartisan effort in this extraordinary time" (just like the $2.2T COVID bill signed by Trump in March 2020) - and that's the problem.
Congratulation to Cathie Wood who now has underperformed the Treasury market the last 5 years. She now has the moniker as the #1 wealth destroying fund family of the last decade.
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www.morningstar.com
15 Funds That Have Destroyed the Most Wealth Over the Past Decade
These funds managed to lose value for shareholders even during a generally bullish market.
I’ll drop this here as well.
PJM Interconnection's 2025-2026 capacity auction prices surged to $269.92 per megawatt-day from $28.92 per megawatt-day year-over-year.
PJM Interconnection's 2025-2026 capacity auction prices surged to $269.92 per megawatt-day from $28.92 per megawatt-day year-over-year.
How or what did she ever do to get so many people to invest with her and then watch the investments sink like a rock?Congratulation to Cathie Wood who now has underperformed the Treasury market the last 5 years. She now has the moniker as the #1 wealth destroying fund family of the last decade.
15 Funds That Have Destroyed the Most Wealth Over the Past Decade
These funds managed to lose value for shareholders even during a generally bullish market.
Lot's of people don't want to take the time to educate themselves and put trust in others to do it for them. Daily in practice managing emotions is perhaps the single biggest impediment to wealth building. The only reason I keep tabs on her is b/c she is based about 30 minutes from my kitchen and it's simply to watch in awe.
If you go back to 1957 when the S&P 500 expanded to 500 companies and dropped in $100 today it's worth $83,000 with dividend reinvestment. If you miss the best 10 days of each decade during that time period your return is ~ $171. The latter is what Cathie Wood seems to have a knack for given the 30k ft view of her portfolio returns. Piles of passive ETF/Index options simply buying and leaving alone have crushed her insane portfolio mismanagement.
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I've read some research over the years showing upwards of 2-3x the return if you can miss the worst 10 exit and buy in at lows for 10 best in actual practice of a managed portfolio over very short timer periods. How much is sold and rotated into cash and when was it redeployed? Pie in the sky rear view mirror perfect timing models show the returns are astronomically higher missing the 10 worst perfectly, but no one has ever done it long terms so it's kind of a pointless exercise. This is where an investor has to ask themselves if the S&P annualized return is good enough for them or if they think they are smart enough to exit/entry on time and want to risk it. Given the extremely tight proximity to best/worst days in bear markets it's quite a tall ask, but there are some folks who have done it over very short time periods no question. Every year there are portfolios that beat the average no question, but that list rotates frequently with one hit wonders who hit a home run 1 year and then give it all back and more the next year.
Peter Lynch and the late Charlie Munger opined these strategies in all their books. History shows far more money is lost preparing for the worst than is lost during the actual event....unless one panic sells into a bidless market which is why so many investors lose more than they make during their career.
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I’m thinking there is some overreaction happening there.
In the price. Not your statement
Bought intel, nvidia, crwd, arm, amzn and snow today.
Fire sale.
Fire sale.
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So we're currently at the phase of the cycle where the bull case is "generational buying opportunity", because prices have retreated to levels not seen for 3-6 months.
Nice. I added to a GLP bond 2029 maturity, 4 preferred shares and 2 baby bonds. I don't have much more than about 2% exposure to growth/tech/indexing, but may add to my one equity closed end fund next week which includes some of the big hitters. Weird being on the other end of the sentiment now portfolio up 1.9% on a day equities got punched, but it's almost all fixed income.
Hopefully I will not need this money for 10-20 years so…..
At which point it actually will be Monopoly money…
That's how wealth is built nice work. Look at the doombears stating the S&P 500 was going to 2,000 when it hit 3,600. That was 48% ago....Mike Wilson, Greg Branch etc. People who sold out then are crapping and people who kept on buying are swimming. I won't be surprised if the recessionary sell off takes us on a large ride south at some point and even I might take a bite of some growth names then even though it's not really my jam.
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When a solid stock get hears a 52 week low - I try to buy some. I do not think Intel is going under just down momentarily
Intel does indeed feel way oversold at this point, but the same retardedness that dropped it this low can probably drag it even lower in the short term. Regardless, this seems like a solid move
Full disclosure - my current gig is in an adjacent slice of the consumer durable goods market, and we are not (yet) seeing what's reported here. But it should surprise no one if/when it comes because consumers are simply tapped-out by the past several years of increasing costs and flat wages.
