Stock Market

[Redmanss]

Ram drivers are the biggest douche bags on the road. Followed closely by Kia drivers.

Tesla driver douchebagness has actually been pretty low in my experience.

The “rollin’ coal” crowd cruising for cock are always bad, but Audi drivers, world wide, have always been the worst I’ve seen. In Europe, especially if they have Swiss plates.

On the road, no, the very few Teslas I’ve seen have been dicks. Out of the car, they’re right up there with gluten free cross fitters who won’t shut the fuck up about how good their shit smells.

 

[Hobo Hilton]

Interesting that this woman, Beth M. Hammack, was chosen to step into the opening as the Cleveland Fed President.
Very little public info on her. Political appointment ?
___________________________________
A Goldman Sachs executive and finance industry veteran will take over as the new president of the Cleveland Federal Reserve.
The central bank district announced Wednesday that Beth M. Hammack, 52, will be the next leader of the central bank district when Loretta Mester steps down June 30. Hammack assumes the office officially on Aug. 21. In the interim, Cleveland Fed First Vice President Mark S. Meder will serve as the president.
“It is a great privilege to serve the Fourth District, and the country, in fulfilling our mission of fostering a strong, stable economy in which all Americans have the opportunity to prosper,” Hammack said in a statement. “I cannot wait to lead the Bank’s talented team, who deliver every day on our important mission.”
__________________________________

https://www.cnbc.com/2024/05/29/goldman-sachs-partner-beth-hammack-to-succeed-mester-as-cleveland-fed-leader.html

Bloomberg - Are you a robot?

 

[Hobo Hilton]

Marjorie Taylor Greene Just Loaded Up on Stocks: Here Are the 6 She Bought

A quick look at the bull cases.

finance.yahoo.com

 

[Hobo Hilton]

For anyone that doubts the game is rigged.

Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago​

https://www.cnbc.com/2024/05/30/exxon-trouncing-salesforce-since-software-stock-replaced-oil-giant-in-the-dow-four-years-ago.html

 

[NoDopes]

Salesforce just had their first loss since 2006 and got hammered. Not a good example right now.

 

[Hobo Hilton]

For anyone that doubts the game is rigged.

Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago​

https://www.cnbc.com/2024/05/30/exxon-trouncing-salesforce-since-software-stock-replaced-oil-giant-in-the-dow-four-years-ago.html

There will be a lot more getting hammered into the summer.
When the "investors" start to see their retirement accounts dropping... Going to be a rush for the door.
Between debt, numbers not meeting expectations and politics... Going to be a lot of money parked on the side lines.

 

[S3th]

 

[Hobo Hilton]

One more example of why stock holders will never make a large profit off of TSLA stock. Note the drop off in volume.

_________________

Elon Musk accused of $7.5 billion insider trading in lawsuit from Tesla shareholder​

Elon Musk accused of $7.5 billion insider trading in lawsuit from Tesla shareholder

Tesla CEO Elon Musk is accused of profiting $7.5 billion from insider trades by a shareholder who claims Musk knew about disappointing production and delivery numbers before they went public.

www.foxbusiness.com

 

[Mr.BR]

Just imagine dupes lining up to hold the bag in the end

GameStop Shares Double After 'Roaring Kitty' Posts $180 Million Bet | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Hobo Hilton]

Just imagine dupes lining up to hold the bag in the end

GameStop Shares Double After 'Roaring Kitty' Posts $180 Million Bet | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Meanwhile VRM is down 83% (1 year). The market is just a casino where the biggest players are playing with other people's retirement fund.

 

[Austan]

What happened to SMR this morning?

Never mind, it came back up. I don't think I've ever seen a stock lose 98.5% of it;s value for 2 hours and then come back. Must have been a human error somewhere.

 

[Redmanss]

You think we’re supposed to believe the accuracy and integrity of a BoobTuber named “Gas Troll”?

Get the fuck out of here with that shit.

 

[Hobo Hilton]

What happened to SMR this weekend?

First of the month re-balancing from the large fund managers. SMR will go nowhere until the recession ends. A buying opportunity for the long term play.

 

[S3th]

You think we’re supposed to believe the accuracy and integrity of a BoobTuber named “Gas Troll”?

Get the fuck out of here with that shit.

Do some research and get back to me with the inaccuracy.

 

[Redmanss]

Do some research and get back to me with the inaccuracy.

Umm, no. I have more important shit to do, like, literally anything. I can discount it same as I discount any political commentary from Rachel Maddow, as they’re biased and agenda driven.

It’s hard enough to trust scientific studies as bias is rampant within them, and you think I’m going to take the word from an influencer on YouTube? I’m not a sheep.

One more thing: carbon is not a pollutant. It is the giver in all things life and the building block in all living organisms; without it we have nothing. The entire argument against carbon is an agenda driven con job.

 

[Hobo Hilton]

The mirage in the desert is disappearing..... Keep walking and another one will appear.
___________________________

NEW YORK, June 4 (Reuters) - Some of Tesla's institutional shareholders are getting out, convinced that the electric carmaker's days of dizzying growth are in the rear-view mirror.
The company's shares are down nearly 30% this year and have fallen by more than 50% since their 2021 high, wiping out some $600 billion in market value as CEO Elon Musk has struggled with fierce competition and falling sales. Tesla's first-quarter results missed analyst expectations, though Musk said the company would release new models in 2025 that would be more affordable.

"It started to feel like the fundamentals were becoming detached from reality," said John Belton, a portfolio manager at Gabelli Funds whose firm sold its entire stake of 65,900 shares - acquired in early 2022 - in the first quarter of the year. “We think the stock works best when there are auto company fundamentals that justify the stock price.”
Tesla's nearly 14-fold increase in its stock the last five years has conditioned investors to hold on during periods of adversity and accept valuations that are more in line with technology companies than carmakers. This time however, even some of the company's diehard believers have become skeptical that the same kind of expansion lies ahead and think Tesla's shares have become too risky. Tesla did not respond to a request for comment on this story.

https://www.reuters.com/business/autos-transportation/these-early-tesla-bulls-are-giving-up-stock-2024-06-04/

 

[Emerson0311]

The mirage in the desert is disappearing..... Keep walking and another one will appear.
___________________________

NEW YORK, June 4 (Reuters) - Some of Tesla's institutional shareholders are getting out, convinced that the electric carmaker's days of dizzying growth are in the rear-view mirror.
The company's shares are down nearly 30% this year and have fallen by more than 50% since their 2021 high, wiping out some $600 billion in market value as CEO Elon Musk has struggled with fierce competition and falling sales. Tesla's first-quarter results missed analyst expectations, though Musk said the company would release new models in 2025 that would be more affordable.

"It started to feel like the fundamentals were becoming detached from reality," said John Belton, a portfolio manager at Gabelli Funds whose firm sold its entire stake of 65,900 shares - acquired in early 2022 - in the first quarter of the year. “We think the stock works best when there are auto company fundamentals that justify the stock price.”
Tesla's nearly 14-fold increase in its stock the last five years has conditioned investors to hold on during periods of adversity and accept valuations that are more in line with technology companies than carmakers. This time however, even some of the company's diehard believers have become skeptical that the same kind of expansion lies ahead and think Tesla's shares have become too risky. Tesla did not respond to a request for comment on this story.

https://www.reuters.com/business/autos-transportation/these-early-tesla-bulls-are-giving-up-stock-2024-06-04/

Reality always wins eventually.

 

[S3th]

Happy $KMTUY day.

 

[Hobo Hilton]

Reality always wins eventually.

That comment pushed me back in my chair and brought out a laugh..... I was laughing with you, not at you.
I always enjoyed that look on one of my first year apprentices face when an old Journeyman would chew him a new ass hole for doing something stupid, without thinking. Later they would come talk to me about the incident. After a short conversation, my ending line was "Welcome to my World". Reality had arrived in their world.

 

[Hobo Hilton]

The markets are getting fed up with New York City:

BlackRock, Citadel Securities-backed TXSE Group to start Texas Stock Exchange​

https://www.reuters.com/markets/us/blackrock-citadel-backed-group-start-new-national-stock-exchange-texas-wsj-2024-06-05/

 

[Emerson0311]

The markets are getting fed up with New York City:

BlackRock, Citadel Securities-backed TXSE Group to start Texas Stock Exchange​

https://www.reuters.com/markets/us/blackrock-citadel-backed-group-start-new-national-stock-exchange-texas-wsj-2024-06-05/

Is the ridiculous schoolyard level political lawfare in NY interfering with Blackrock profit taking? Cracks in the collective?

 

[XTREM HTR16]

Added more $AAPL to the account this week…

 

[Hobo Hilton]

The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted.

Since January, Hertz Global Holdings has been in Tesla sales mode, with 20,000 electric vehicles from its global fleet, representing nearly a third of the rental-car company’s existing EV inventory, on the dealer lot. The move, viewed as a stumble in Hertz’s EV strategy — in 2021, it heralded plans to order hundreds of thousands of Teslas, Polestars and battery-electric GM models — also reflects a sobering up of the electrification hype within the U.S. auto industry, which has run into a consumer in 2024 spurning at least the expected pace of the transition away from gas-powered cars.

S3th​

EV slump, Hertz fire sale take used Teslas to ‘no haggle’ $25,000 price​

https://www.cnbc.com/2024/06/06/ev-sales-slump-hertz-dump-take-used-tesla-to-no-haggle-25000-price.html

 

[S3th]

Tempting

Tesla Mezcal

Smoky and floral with a smooth finish. Our limited-release Tesla Mezcal celebrates Oaxaca’s artisanal Tahona-milled mezcal with an alembic distillation process by intuitively combining the distinct flavors of native Espadín and Bicuishe agaves.

teslamezcal.tesla.com

 

[Hobo Hilton]

And here's how they keep the index funds up. Eventually the rest of the world will catch on.

CrowdStrike, KKR, GoDaddy to Join Benchmark S&P 500​

Reuters) - The S&P Dow Jones Indices said on Friday that private equity firm KKR & Co, cybersecurity company CrowdStrike and internet services provider GoDaddy will join the benchmark S&P 500 before markets open on June 24.
Shares of CrowdStrike rose 6% in extended trading. KKR and GoDaddy climbed 9% and 3.6%, respectively.
The companies will replace recruitment services firm Robert Half, U.S. regional lender Comerica and gene sequencing machine maker Illumina in the index.

https://money.usnews.com/investing/news/articles/2024-06-07/crowdstrike-kkr-godaddy-to-join-benchmark-s-p-500

 

[Hobo Hilton]

$6 Billion..... GM must have had this money hidden in an offshore account while negotiating the labor contract.
The inside traders and US Senator's knew about this last week.

GM board approves new $6 billion share buyback authorization​

https://www.cnbc.com/2024/06/11/gm-board-approves-new-6-billion-share-buyback-authorization.html

 

[Hobo Hilton]

The "Kiss of Death" :

Tesla’s stock should hit $2,600 in five years, says Cathie Wood’s Ark Invest​

https://www.marketwatch.com/story/teslas-stock-should-hit-2-600-in-five-years-says-cathie-woods-ark-invest-6381a7cf

 

[Emerson0311]

The "Kiss of Death" :

Tesla’s stock should hit $2,600 in five years, says Cathie Wood’s Ark Invest​

https://www.marketwatch.com/story/teslas-stock-should-hit-2-600-in-five-years-says-cathie-woods-ark-invest-6381a7cf

She is reading from the agenda 2030 plan.

 

[Hobo Hilton]

She is reading from the agenda 2030 plan.

That will be when the purchasing power of a wheelbarrow of "Strong USD's" will buy a cup of black coffee..... Cream and sugar will be extra.

 

[babyguppy]

That will be when the purchasing power of a wheelbarrow of "Strong USD's" will buy a cup of black coffee..... Cream and sugar will be extra.

Not a good cup either, but that black rifle rainbow liberal supporting crap coffee

 

[Cody S]

was just looking at my Ira today, I only invest in the sp500, it's been doing really oddly well lately.

 

[Stone111]

was just looking at my Ira today, I only invest in the sp500, it's been doing really oddly well lately.

12% YTD, Meh... In 2 years on my self directed Roth IRA I am up 110%... Try adding URNJ, CLSK. Pyramid in and set an initial 10% trailing stop loss order. Once your up 20% lock in gains and increase the stop to 15%

 

[Hobo Hilton]

12% YTD, Meh... In 2 years on my self directed Roth IRA I am up 110%... Try adding URNJ, CLSK. Pyramid in and set an initial 10% trailing stop loss order. Once your up 20% lock in gains and increase the stop to 15%

Cramer’s Lightning Round:​

 

[Stone111]

Gotta love the folks who trade the inverse kramer plays...

 

[S3th]

 

[Hobo Hilton]

View attachment 8440429

All part of the plan. No surprise. Not due to EV's.
SPR is empty.

 

[Cody S]

In the video I did not see a turn signal on the display associated with the lane change to the right but a turn signal was engaged in the display for the two lane changes left.

Do we know if the driver initiated the two signals left and maybe the AI acted in accordance with the driver's input ?

Since the driver can override speed limits maybe driver input can override traffic laws as well.

actually yes it can work like that, sort it.
in my tesla with the fancy FSD I can use the turn signal and within approx 1 second it will begin switching lanes if clear.
but I have to hit the turn signal or it won't automatically switch lanes.
if I step on the gas it WILL NOT brake, so I could make it run stop signs or red lights that way probably, never tried.
when my tesla uses it's turn signal honestly it's always a little later when switching lanes than I would like. I'd prefer at least 2 to 3 blinks before beginning. tesla *maybe* gives you 1
but it'll change next month when they update it again so I don't worry about it.
yes teslas 99.9% of the time will follow all traffic laws, but...
it's a computer program in it's infancy...
it will absolutely not catch a stop light or sigh as quick as it could and then will slam on the brakes, or other weird things(rarely).
all in all I love my tesla and I really love my FSD.
It dries me everyday while I smoke and blast music. drove me to the coal tipple range in breathitt County for a bench rest match Saturday, didn't have to mess with anything even once.
you'd be stupid not to monitor it at this point though.

 

[E. Bryant]

$6 Billion..... GM must have had this money hidden in an offshore account while negotiating the labor contract.
The inside traders and US Senator's knew about this last week.

GM board approves new $6 billion share buyback authorization​

View attachment 8436488

https://www.cnbc.com/2024/06/11/gm-board-approves-new-6-billion-share-buyback-authorization.html

Why would GM need to hide cash anywhere? They're currently making enough to pay for this buy-back with about two quarters of earnings. And with the pause in EV investment (likely permanent, barring any regulatory shocks), there are no short-term capital expenditures of this magnitude on the horizon - just keep building the same stuff with a bit of new tech that's mostly provided by suppliers.

I remain highly skeptical of any company engaged in buy-backs because it indicates a lack of ideas on how to productively allocate capital, but in this case the math is straightforward. Just get ready for the crying once some "unforeseen event" puts them in a tight spot once again.

 

[NoDopes]

Just get ready for the crying once some "unforeseen event" puts them in a tight spot once again

"Too big to fail..."

You haven't been paying attention.

 

[Pharmseller]

I’m waiting every day for my Next Bridge Hydrocarbons ship to come in.

Millions, baby!

 

[E. Bryant]

"Too big to fail..."

You haven't been paying attention.

Everything works perfectly right up until it doesn't. You can tell it's been too long since the last stubbed toe since everyone's stumbling around in the dark without a flashlight while wearing flip-flops.

 

[S3th]

Audi is now offering 0% APR. Along with many others - the race to zero is quick when prices are high and consumers are poor.

 

[Hobo Hilton]

I’m waiting every day for my Next Bridge Hydrocarbons ship to come in.

Millions, baby!

Just a private company.

Home | Next Bridge Hydrocarbons

Next Bridge Hydrocarbons brings new performance to the recovery of oil and natural gas through cutting-edge technology and modernized processes.

www.nextbridgehydrocarbons.com

 

[Hobo Hilton]

Everything works perfectly right up until it doesn't. You can tell it's been too long since the last stubbed toe since everyone's stumbling around in the dark without a flashlight while wearing flip-flops.

The catch phrase is "We will deal with that when we come to it"....
Best put on steel toe work boots.

 

[Pharmseller]

Just a private company.

Home | Next Bridge Hydrocarbons

Next Bridge Hydrocarbons brings new performance to the recovery of oil and natural gas through cutting-edge technology and modernized processes.

www.nextbridgehydrocarbons.com

There’s quite a story attached to how that company became private.




P

 

[E. Bryant]

Audi is now offering 0% APR. Along with many others - the race to zero is quick when prices are high and consumers are poor.

Just like Tesla, they are betting they can reel in a sucker now with a 5-6% discount over the prevailing rate, and hope that the Fed cuts in the near future so that they are not stuck servicing the loan at a loss. It's probably a good bet that rates will head in a downwards direction, but there's enormous downside risk that rates may go the other way, and default rates are likely to rise in the event that the economy slows enough to justify a rate cut.

In short, be very wary of any company attempting to juice its sales numbers with such tomfoolery.

 

[S3th]

Just like Tesla, they are betting they can reel in a sucker now with a 5-6% discount over the prevailing rate, and hope that the Fed cuts in the near future so that they are not stuck servicing the loan at a loss. It's probably a good bet that rates will head in a downwards direction, but there's enormous downside risk that rates may go the other way, and default rates are likely to rise in the event that the economy slows enough to justify a rate cut.

In short, be very wary of any company attempting to juice its sales numbers with such tomfoolery.

They aren’t servicing the loans. I believe Santander is the participating bank. I’m not sure what deal is/was offered but I greatly disagree with your last point. I would much rather see Tesla offer 0.99% rates vs. reducing sales price. All OEMs are moving to 0%.

 

[Hobo Hilton]

There’s quite a story attached to how that company became private.




P

That one and a 1,000 other oil patch "Wildcatter" stories.........

 

[Pharmseller]

That one and a 1,000 other oil patch "Wildcatter" stories.........

Are you familiar with the trade stoppage?

 

[Hobo Hilton]

Are you familiar with the trade stoppage?

Yes