Yep.... Get some chickens, plant a garden.
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Yep.... Get some chickens, plant a garden.
BlackRock profit drops 19% as Fink cites ‘crisis of confidence’ in banking sector
The world's largest asset manager saw net income drop to $1.16bn between January and March
www.fnlondon.com
Evergrande Billionaire's Car Firm Wanted to Beat Tesla — Now It's Struggling to Survive
China Evergrande New Energy Vehicle Group Ltd.’s billionaire founder vowed to overtake Tesla Inc. as the world’s biggest maker of electric cars within three to five years back in early 2019. Four years later, the company’s stock has gone from boom to bust and it’s struggling to survive.
www.bloomberg.com
For discussion:
Pulte Group, Inc..... Not focusing on one company, more focus on "The Group"... Home Builders
I have read a few articles recently about this is a recession that is being "Ignored". There was a similar recession after the end of World War 2.
Home prices (New and Used) have skyrocketed. So much so that a young working couple can not afford to buy a home.
I also read there is a "Housing Shortage". Fewer houses and people paying more for them.
Other articles say the FED Reserve must break the automobile and house builders in order to end inflation.
Is this a cycle or is it the "New Norm" ?
Pulte Group, Inc..... Not focusing on one company, more focus on "The Group"... Home Builders
I have read a few articles recently about this is a recession that is being "Ignored". There was a similar recession after the end of World War 2.
Home prices (New and Used) have skyrocketed. So much so that a young working couple can not afford to buy a home.
I also read there is a "Housing Shortage". Fewer houses and people paying more for them.
Other articles say the FED Reserve must break the automobile and house builders in order to end inflation.
Is this a cycle or is it the "New Norm" ?
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Tesla cuts US prices for sixth time this year ahead of quarterly results
Tesla Inc cut prices for some of its Model Y and Model 3 vehicles in the U.S. for the sixth time this year to juice demand as competition among electric-vehicle makers heats up around the world.
www.reuters.com
Tesla cuts US prices for sixth time this year ahead of quarterly results
Tesla Inc cut prices for some of its Model Y and Model 3 vehicles in the U.S. for the sixth time this year to juice demand as competition among electric-vehicle makers heats up around the world.
Very good. I haven’t been following much but intend to watch todays earnings call.
The goal is to drive sales price down as low as possible while maintaining a gross margin range. Not to grow gross margin. > automotive segment
Strong demand for cars and trucks has kept older vehicles on the road for longer, driving demand for components and aftermarket services at parts distributors.
The Atlanta-based company said revenue from its automotive parts group segment in the quarter ended March 31 rose 7% to $3.5 billion over the year ago.
www.reuters.com
The Atlanta-based company said revenue from its automotive parts group segment in the quarter ended March 31 rose 7% to $3.5 billion over the year ago.
Genuine Parts raises 2023 profit outlook on strong demand for auto parts
Genuine Parts Co beat first-quarter profit estimates and raised full-year earnings forecast on Thursday, helped by growing demand for auto and industrial parts.
www.reuters.com
China is responsible for the prices coming down. Buy ALB for a long term play while the price is down. The entire materials and mining sector is declining.
On average, it takes 16 years for a new lithium mine to come online due to environmental regulations. Thus whoever controls the lowest-cost production sites now is in a strong position to benefit from the boom in EVs and lithium demand.
- ALB has crashed 40% in a few months due to lithium prices coming down and concerns about an upcoming acquisition.
- ALB expects long-term lithium prices to average at least 2X pre-pandemic levels and is tripling its production capacity within five years.
- ALB has $10 billion in borrowing capacity without risking its credit rating, is free cash flow positive, and free cash flow is expected to triple by 2026.
- ALB is the world's low-cost lithium leader and is a dividend aristocrat whose management is guiding for 20% to 30% growth for the next five years.
- ALB is trading at 7X trough earnings, and 5.5X cash-adjusted earnings, a PEG ratio of 0.25. It's 59% undervalued, and has 142% upside to fair value and could potentially deliver 340% returns in the next six years, or 25% annual returns.
ALB produced 200,000 tons of lithium in 2022 and plans to increase that to 500,000 to 600,000 tons annually by 2027.
In other words, from 40,000 tons in 2015, ALB plans to increase capacity by 1275% in just 12 years.
Albemarle Stock: Another Bargain-Basement Buy (NYSE:ALB)
Albemarle stock has crashed 40% in a few months due to lithium prices falling and concerns about an acquisition. Read why I'm bullish on ALB stock.seekingalpha.com
Whole Foods plans to lay off several hundred corporate employees: Read the memo here
The cuts translate to about less than half of a percent of the company's global workforce.
Good post on what I have been thinking for several months now. I think the world will be heading towards nationalization of resources and manufacturing; limited global trade.
Automakers have been scrambling for battery materials as they go all in on the electric age, which will require them to have a steady and consistent supply to power their vehicles. Ford (F) recently confirmed plans to invest $3.5B in a lithium iron phosphate battery plant with the aid of Chinese battery giant CATL, cross-town rival General Motors (GM) is still looking for a partner for its latest factory, while the U.S. just inked a deal with Japan for critical EV metals. Other suppliers and countries are taking notice of the market dynamics, which will define the remaking of the auto sector as it retires the internal combustion engine.
Snapshot: Chile's President Gabriel Boric said he would nationalize the lithium industry of the country, which is the world's second-largest producer of the key EV material and holds the globe's largest reserves. "This is an opportunity for economic growth that will be difficult to beat in the short term," he announced in a televised address. "Today we present a national lithium strategy that's technically solid and ambitious, with a Chile that distributes wealth we all generate in a more just way."
While the transfer to public-private contracts will take time, as well as approval from Congress in the second half of the year, Chilean lithium industry giants were hit by the news. In premarket trading, Sociedad Quimica Y Minera de Chile (NYSE:SQM) slid nearly 8%, while Albemarle (NYSE:ALB) fell 4%, despite saying that the announcement would have "no material impact on our business." (the two firms are suppliers to Tesla (TSLA) and several other major automakers). While most commercial lithium extraction is from salt-flat brines and mineral ores, SA's Trend Investing explores who is leading in the race to achieve successful direct lithium extraction.
Go deeper: State involvement in the key EV resources could make inking contracts and their conditions more difficult, or even lead to a kind of battery metal cartel. On the flip side, it may trigger a chain reaction of countries looking to safeguard their natural resources with the hope of boosting their economic growth or raising incomes. Mexico already nationalized its lithium deposits last year and Indonesia banned exports of nickel ore in 2020.
Automakers have been scrambling for battery materials as they go all in on the electric age, which will require them to have a steady and consistent supply to power their vehicles. Ford (F) recently confirmed plans to invest $3.5B in a lithium iron phosphate battery plant with the aid of Chinese battery giant CATL, cross-town rival General Motors (GM) is still looking for a partner for its latest factory, while the U.S. just inked a deal with Japan for critical EV metals. Other suppliers and countries are taking notice of the market dynamics, which will define the remaking of the auto sector as it retires the internal combustion engine.
Snapshot: Chile's President Gabriel Boric said he would nationalize the lithium industry of the country, which is the world's second-largest producer of the key EV material and holds the globe's largest reserves. "This is an opportunity for economic growth that will be difficult to beat in the short term," he announced in a televised address. "Today we present a national lithium strategy that's technically solid and ambitious, with a Chile that distributes wealth we all generate in a more just way."
While the transfer to public-private contracts will take time, as well as approval from Congress in the second half of the year, Chilean lithium industry giants were hit by the news. In premarket trading, Sociedad Quimica Y Minera de Chile (NYSE:SQM) slid nearly 8%, while Albemarle (NYSE:ALB) fell 4%, despite saying that the announcement would have "no material impact on our business." (the two firms are suppliers to Tesla (TSLA) and several other major automakers). While most commercial lithium extraction is from salt-flat brines and mineral ores, SA's Trend Investing explores who is leading in the race to achieve successful direct lithium extraction.
Go deeper: State involvement in the key EV resources could make inking contracts and their conditions more difficult, or even lead to a kind of battery metal cartel. On the flip side, it may trigger a chain reaction of countries looking to safeguard their natural resources with the hope of boosting their economic growth or raising incomes. Mexico already nationalized its lithium deposits last year and Indonesia banned exports of nickel ore in 2020.
A sign of the times. The big girls have always shopped at Walmart. Going to be Flip Flop's, Yoga pants and XX T shirts for their summer wardrobes.
Walmart is getting back to basics.
www.cnbc.com
Walmart is getting back to basics.
Walmart sells plus-size clothing brand Eloquii, offloading its third digital brand this year
The sales mark a reversal of a 2017-18 strategy led by Marc Lore, Walmart's former head of e-commerce.
www.cnbc.com
"In the wake of Tesla’s 1Q results, we have had many discussions with clients about what this means for the legacy OEMs. If Tesla ‘weaponizes’ their cost leadership in the form of price, potentially sacrificing as much as a thousand basis points of OP margin in the process, doesn’t this impair the economic returns of the EV spending plans the legacy players are embarking upon?
In our opinion, the answer to this is yes. So overwhelmingly yes that we are questioning whether this is the ‘moment’ where the Boards of the legacy OEMs can reconsider dialing back the magnitude and timing of their EV capex and R&D plans. Allowing more time for the ICE run-off to generate cash as we enter a more uncertain macroeconomic era."
In our opinion, the answer to this is yes. So overwhelmingly yes that we are questioning whether this is the ‘moment’ where the Boards of the legacy OEMs can reconsider dialing back the magnitude and timing of their EV capex and R&D plans. Allowing more time for the ICE run-off to generate cash as we enter a more uncertain macroeconomic era."
If electrification scales to the point of tens of millions of EV vehicles, battery packs, solar, etc. Does that mean the picks and shovels of the industry are the new O&G?
@Tesla has released its annual 2022 impact report. At 213 pages, it's the most detailed yet. I'll tweet out some highlights of the report.
Democrat Congressman From New York Has Made 500 Stock Trades Since Taking Office in January | The Gateway Pundit | by Mike LaChance
Democrat Rep.
www.thegatewaypundit.com
if you have money to play with - check out this guy's disclosure. These are likely to be safe stock bets.
Too far behind the timing cues he gets.Democrat Congressman From New York Has Made 500 Stock Trades Since Taking Office in January | The Gateway Pundit | by Mike LaChance
Democrat Rep.
if you have money to play with - check out this guy's disclosure. These are likely to be safe stock bets.
Need to dive in but no time now.
At some point the "Drunken Sailors" will have to sober up and face the music.
If Congress fails to raise the debt limit, all bets are off.
The odds of that happenings are 0%.
That's the amazing thing about Monopoly money. There is an endless supply.
As the recession worsens, keep an eye on the Dow 30 to see who gets kicked out and who takes the vacant spot.
It will be a difficult time should the DOW drop below 30,000.
Discard and draw... The game continues.
__________________________
________________________________________
www.statmuse.com
It will be a difficult time should the DOW drop below 30,000.
Discard and draw... The game continues.
__________________________
Intel is expected to post its biggest loss on record. Has the chip maker finally hit rock bottom?
Intel Corp. is expected to post its worst quarterly loss on record Thursday, and analysts are hoping it is rock bottom for the struggling chip maker.________________________________________
worst performing stocks in the dow in 2023 | StatMuse Money
3M (MMM) has had the lowest return this year by a US stock in the Dow Jones Industrial Average (DJI), returning -13%.
With this Administration and career Politicians nothing is off the table. See which Congressmen are shorting the markets.
Not the first catastrophe they created so they can ride in on the big white horse, spread money and save the world.
In John's revelation the first horseman rides a white horse....
The "Reality Train".
Curious how many Congressmen were short on ENPH.
Intake: One month after 5000 white-collar workers accepted a voluntary buyout offer from General Motors, Stellantis NV has made a similar offer to 31,000 hourly workers in the United States and Canada and to an additional 2500 U.S. salaried employees. The Detroit News reported that “the company is looking to reduce its hourly workforce by as many as 3500 employees in response to increased market competition and the shift to electrification.” Stellantis, maker of Jeep SUVs, Ram pickup trucks, and other vehicles, says its first-quarter sales in the U.S. fell 9 percent year-over-year, and executives have cautioned that more uncertainty is looming in the latter half of 2023 due to rising inflation and interest rates.
Exhaust: While Stellantis says a reduction in its workforce is necessary to counteract reduced sales and a backlog of inventory, the company is investing $35.5 billion into electrification and software by 2025 in an effort to launch 25 all-electric vehicles for the U.S. market by 2030, a fact that hasn’t gone unnoticed by United Auto Workers President Shawn Fain. “Stellantis’ push to cut thousands of jobs while raking in billions in profits is disgusting,” Fain said in a statement. “This is a slap in the face to our members, their families, their communities, and the American people who saved this company 15 years ago.” Be prepared for more fireworks if fewer than 3500 workers accept the offer, and Stellantis responds with layoffs. — Jeff Peek
Exhaust: While Stellantis says a reduction in its workforce is necessary to counteract reduced sales and a backlog of inventory, the company is investing $35.5 billion into electrification and software by 2025 in an effort to launch 25 all-electric vehicles for the U.S. market by 2030, a fact that hasn’t gone unnoticed by United Auto Workers President Shawn Fain. “Stellantis’ push to cut thousands of jobs while raking in billions in profits is disgusting,” Fain said in a statement. “This is a slap in the face to our members, their families, their communities, and the American people who saved this company 15 years ago.” Be prepared for more fireworks if fewer than 3500 workers accept the offer, and Stellantis responds with layoffs. — Jeff Peek
Intel up 6% after EPS beat when market was pricing in the companies greatest loss ever.
The ID10T at the Minneapolis Fed said there is an "infinite" supply of money. FWIW, that was one scary, BSC-eyed banker...
I spent some years at the Intel flagship campus.
Look at the slide for the past 3 years. There are "reasons" for that down trend. All those reason's are "Internal". Protocol seems to be an Intel invention. From the grunt wiping down the walls of the clean room to the office of the CEO the "protocol" went against "commerce". Nothing has changed. A "Blue Badge" always outweighed a "Green Badge" when problem solving. Eventually the Green Badge gave up and did it the Intel way, even if it was wrong.
Craig R. Barrett is an American business executive who served as the chairman of the board of Intel Corporation until May 2009. He became CEO of Intel in 1998, a position he held for seven years. After retiring from Intel, Barrett joined the faculty at Thunderbird School of Global Management in Phoenix....
During Barret's time at Intel the share price went up around $75. When "Protocol" started to hobble him, he left. The rest is history.
I look for Intel to be removed from the Dow 30 as this recession deepens. Another corporation sucking up government money with nothing to show.
First Republic Bank Headed For FDIC Receivership, Shares Plunge... Developing | The Gateway Pundit | by Cristina Laila
First Republic Bank is likely headed for FDIC receivership after its s plunged 50% Friday morning.
www.thegatewaypundit.com
I bought XOM low and sold when it reached a great profit for me. Same with Tesla. I am not day trading but I am holding onto stocks for limited time to make a profit and then move to cash for the next opportunity. I believe the pundits saying recession in a quarter or two/three. I am keeping more in cash and waiting for the opportunity to buy low. Worst case, I do not lose except for the inflation nibbling at my cash.
Commodities... The same old "stuff" that built the world we live in. Coal, iron ore, corn, wheat, timber, copper, oil, minerals, water, natural gas, gravel, cement... The long play.
Short play - Insurance, re-insurance, work related travel, rental equipment
Be very patient and wait for - Housing, used cars, health care, appliances, home furnishings
Recessions run in cycles. Just like watching an old re-run movie from the 60's - 70's.
First Republic Bank has been the darling of Tom Barrack, a Trumper, unlike Silicon Valley Bank, Greasy Gavin Grusome, and Signature Bank, Barney Frank, the Marxists are faced with a dilemma, they either bail out FRC by Saturday and insure all deposits or they risk a banking contagion next week. Schwab Bank is 28B underwater with its Treasuries also. Keeping zero interest rates for so long and then all of a sudden jacking them up quickly is why government fails. Transitory Inflation my ass. Academic Morons that never worked a day in their lives, another government organization that should be abolished. Let's see if they react to their Hate of Conservatives or do what is right for the Country. Commercial Realty is going to crash, it is coming, all that public Pension money that went into CRE, backstopped by Taxpayers, what could go wrong. It is getting spicy.
There will be a lot of money made from this crash. There was a lot of money made in previous crashes / recessions. It's not rocket science. The insiders in DC can pull the trigger before the viewers of CNBC can even read about it in the morning news.
Never trust another human being with YOUR money. The average American can make more (or loose less) by throwing darts at a market reporting newspaper on the wall than trusting a local financial advisor with his money.
There is always one exception to this theory. Go ahead and sound off. Let us know how many billions your Financial Advisor made for you. Same guy is ringing steel at 2,000 yards.
My financial advisor is me. I was raised on the Depression, the fact that the Government has let FRC go to this point is political, they bailed out their supporters but not their enemies, nothing less. I fear a Depression, everyone losses, took close to 20 years and a World War to fix the last mess. These Idealogical Clowns might be creating the next, over the last 400 years America, my family has survived and will continue to survive but FRC will not last another week at $3.655 per share, it is going down, unless the close has a miracle, if they don't act, expect contagion in the other Regionals next week. I prepared in September 2021 for this, can't time events but sure can see the writing on the wall, the free lunch of Government Kicking the Can down the road is about to end, unless you are a Keynesian then all is well.
Digital currency would solve all of these "problems".... Note; these are problems created by the US Government.
www.cnbc.com
www.theatlantic.com
www.independentnews.com
abcnews.go.com
Jamie Dimon says 'this part of the crisis is over' after JPMorgan Chase buys First Republic
JPMorgan Chase, which acquired banking assets in the 2008 financial crisis, just won an auction to gain even more size with the takeover of First Republic.
www.cnbc.com
So Where Were the Regulators?
If the oversight agencies, from the Fed down, were doing their job, SVB and Signature Bank would still be in business, instead of being bailed out.
www.theatlantic.com
Regulators knew SVB was in trouble since 2021, did not step in
(The Center Square) – A closer look at the months leading up to the collapse of Silicon Valley Bank, the second-largest bank collapse in history, shows that regulators saw the
First Republic up in air as regulators juggle bank's fate
Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday
abcnews.go.com
Buy land
Make friends with Army Jerry
Buy gold & silver
Make friends with Army Jerry
Buy gold & silver
Plant some corn and spuds. Learn to cook what you grow. History repeating.
How Much Land Do You Need to Be Self-Sufficient?
Want to start a self-sufficient homestead? Find out how many acres of land you really need to achieve self-sufficiency and supply your own food and power.
www.primalsurvivor.net
Lordstown Motors warns of bankruptcy after Foxconn threatens to walk away from crucial funding deal
After buying Lordstown's factory last year, Foxconn agreed to invest an additional $170 million. That deal is now in jeopardy, the embattled startup said.
AI is coming for white collar jobs. Everyone bragging about working from home - here is your future. What would your employer do with an opportunity to reduce white collar head count by 30%. I wonder if AI can identify as a "protected class" - then it will be 60% layoffs.
Artificial intelligence may not yet be causing layoffs, but recent technological advances are starting to pause hiring in certain industries. IBM (NYSE:IBM) CEO Arvind Krishna is tapping the brakes, expecting that 30% of back office functions, like human resources, will be replaced by AI and automation over a five-year period (that could mean letting go of around 7,800 employees). While IBM attempts to capitalize on the new era, the company had been a clear early leader in artificial intelligence and supercomputing. Its Deep Blue chess-playing system beat world champion Garry Kasparov in 1997, while IBM Watson AI won the top prize in Jeopardy back in 2011. Recent Seeking Alpha news on AI also includes Chegg slides with students ramping up usage of ChatGPT and Rising AI enthusiasm continues to benefit Nvidia. (4 comments)
Artificial intelligence may not yet be causing layoffs, but recent technological advances are starting to pause hiring in certain industries. IBM (NYSE:IBM) CEO Arvind Krishna is tapping the brakes, expecting that 30% of back office functions, like human resources, will be replaced by AI and automation over a five-year period (that could mean letting go of around 7,800 employees). While IBM attempts to capitalize on the new era, the company had been a clear early leader in artificial intelligence and supercomputing. Its Deep Blue chess-playing system beat world champion Garry Kasparov in 1997, while IBM Watson AI won the top prize in Jeopardy back in 2011. Recent Seeking Alpha news on AI also includes Chegg slides with students ramping up usage of ChatGPT and Rising AI enthusiasm continues to benefit Nvidia. (4 comments)
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