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https://seekingalpha.com/article/4693859-dont-miss-the-best-time-to-buy-reits-since-the-great-financial-crisis-of-2009?mailingid=35400280&messageid=2850&serial=35400280.1688&utm_campaign=rta-author-article&utm_medium=email&utm_source=seeking_alpha&utm_term=35400280.1688
I could not agree with the authors, the best time to buy REITS is just before an anticipated rate cut, since their high dividends will be worth more comparatively. I have been adding to mine as well.
Just like we talked about buying and selling individual municipal bonds: sell before a rate hike and buy before a rate cut. If you read the posts here, you know I have been following this pattern for about 20 years.
These are all long term trades for me, not like the ones I report daily. The latter are momentum trades based on price and company quality.
I would say it is very likely we shall hit 40,000 in the DJI. The big question as what will the traders do after that. A close above it will be strong indicator, a close below it could become a road block, pending on how many days a don what volume we close below it.
I've got a bunch of DEC. Have my views on it, but would you share your reasons for the double up. Are you doing long or short term, maybe mix? Given things are always fluent and reasons change, so at this current time. Just going with the flow or do you have a specific exit price? Just interested in your input.
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Doubled up on DEC. Bought back JPM 8 Puts and sold VRT 10 Puts.
Following Nvidia CEO Jensen Huang' appeal to governments to set up their own AI systems - another potentially large big AI customer.
A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and place safeguards around it.
Some experts claim that the U.S. is behind many other countries on the issue, including the EU which took the lead in March when they gave final approval to a sweeping new law governing artificial intelligence in the 27-nation bloc.
Europe’s AI Act sets tighter rules for the AI products and services deemed to pose the highest risks, such as in medicine, critical infrastructure or policing. But it also includes provisions regulating the new class of generative AI systems like ChatGPT that have rapidly advanced in recent years.
Late afternoon opened: LOW, SGC, ATI, AEYE.
Closed VLO for a 5% loss.
eBay Boosts Investments in GPUs in Push to Harness AI - https://www.wsj.com/articles/ebay-boosts-investments-in-gpus-in-push-to-harness-ai-d46ebeed
The online marketplace during the first quarter doubled the amount of computing capacity that it can produce from all of its graphics processing unit hardware compared with the end of 2023.
eBay isn’t disclosing how much it is spending on GPUs, but investments aimed at supporting generative AI are accounting for a greater share of the company’s capital expenditures, according to Chief Financial Officer Steve Priest.
"eBay spends 4% to 5% of our revenue on total capital expenditures, so as a company that generates around $10 billion in revenue, that's in that $400 to $500 million range," Priest said.
eBay last fall launched what it calls its magical listing tool, which helps sellers create listings by extrapolating details about a product from an image. Other uses of generative AI at the company include customer-facing features that, for instance, recommend apparel to shoppers, and internal company tools aimed at helping software developers improve their productivity.
Pretty much hell day for all the employees of Red Lobster. I guess Darden didn't get it sold, I haven't been following it.
Red Lobster suddenly closed 99 locations as the chain prepares to file for bankruptcy.
— More Perfect Union (@MorePerfectUS) May 15, 2024
They closed some locations so suddenly that workers showed up and found them empty. pic.twitter.com/x3VLwmveV0
The crooks were fewer in number 30 years ago, but they have been growing in number and now you would have a tough time finding a dozen honest politician.
Certainly if the Republican Party wants to remain viable they need to start representing the economic interests of the majority of their own voters.
Eliminating Medicare benefits for older Americans is extremely popular among the John Bircher Koch family, Rupert Murdoch and other wealthy Republican donors, but it's a life-threatening proposal of financial extinction for most Republican voters.
I'm astonished the Republican Party didn't change course on this a long time ago.
It's blindingly stupid, but it's a testament to the bad character of the people who control that party's decisions.
In any sane world, before the criminal trump, most of the GOP would be charged as a criminal accessory or an accomplice.
Ranking Member @StaceyPlaskett delivers her opening statement during today's hearing on the weaponization of the federal government pic.twitter.com/RQd76YU28l
— House Judiciary Dems (@HouseJudiciary) May 15, 2024
Just listen to his speeches, if you can stomach them for long, full of superlatives. He will destroy America and being a sociopath will not blink an eye, as long as he can make a few million.
Bought back ABR before it gets called away later today, it is going ex tomorrow. I will collect the dividend and then resell the 20 Calls again.
Opened: ODP, AVO, ITRI.
Sold JPM 8 Puts.
Rolled PFE 15 Calls from August 2024 to December 2024 and raised the strike price from 26 to 31.
Bought back OC 10 Puts and ARRC 11 Calls. Sold ARCC 1100.
My concern is our society has to remain fair enough that we don't end up going off the rails, losing democracy to a dictator with loss of our freedoms and our uniquely dynamic economy.
On Silicon Investor a Canadian looking for an explanation to the curious anger and unsettled events in America asked me "Who/what do you think is the power behind trump?" - https://www.siliconinvestor.com/readmsg.aspx?msgid=34667501
This was my answer to her:
I think it's most likely Trump ran for President as a con - an easy way to raise tax-free money, without intending to win. For a guy in increasing financial trouble it was an irresistible lure. People in the room with him have said Trump turned ashen when he realized he had won the election. Initially Melania refused to move to the White House.
But once he won the election, leaders like Mitch McConnell and many, many others took the measures they needed to take to try to control him to their ends. And there may indeed be people with compromising material on Trump, but I doubt this sort of thing was needed.
Donald Trump is a very weak man psychologically who is very easily manipulated by flattery, attention and pressures most people would easily resist. So this has all made for easy pickings. The pressure of "the pandemic" highlighted Trump's utter incompetence and desperate need for attention and applause - at least obvious to me - bleach injections?
There were also people like the Mercers who had hired Steve Bannon to be a Trump confident, just as I'm sure they had tried to place their associates with other candidates. They achieved a surprise big win for their agenda, but really I doubt the Mercers anticipated Donald Trump actually winning the election.
https://www.cbc.ca/news2/interactives/sh/wex94ODaUs/trump-robert-mercer-billionaire/
People like gay tech investor Peter Thiel who backed Trump with early money so he would "repeal regulations on tech companies and self-driving cars" were merely more gullible than Trump is himself.
So given all this, why is Trump back again, and how did he achieve a "surprise win" in the first place?
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The answer to that is easier. No special superpower, rather the Republican Party has increasingly supported positions utterly opposed to the best interests of most of their own voters.
Mitt Romney, the moderate, with his "aw shucks" demeanor made this far too clear by pushing to terminate Medicare and Social Security benefits. Well, perhaps not clear enough to the most dim-witted Republicans, but clear enough to most to lose the election by leaving many Republicans refusing to vote for something so obviously self-injurious.
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In 2016, given the choice of poxy Republicans remaining on their intended course to end retirement benefits and impose further austerity for 99% of Americans . . .
. . . a surprise contender like Trump offering vague alternatives and a voice for their anger, and appealing to their basest instincts and a promise to strike back at "enemies" provided an alternative they all too eagerly chose.
Of course Donald Trump is not a hero, but the same opportunistic and sociopathic criminal he has always been.
Once Trump got over the shock of actually winning the election, with the help of influence from rank and file Republicans he immediately took to passing an even larger tax cut for corporations and the wealthy, placing corrupt conservatives into the judiciary, while taking every means to enrich himself at the taxpayer's expense. The same agenda which had alienated Republican voters in the first place. Because of course he would.
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You'd think Republican voters would now easily see Donald Trump for the duplicitous shill that he is, and perhaps more do than we think - but humans have this terrible reluctance to admit to being wrong - at least publicly. Having been betrayed yet again with a Republican choice, many are again going to double-down on stupid.
Some like my Mom changed political parties, but that takes a courage and intelligence which is unusual.
Elroy, in some parts I agree with what RR is saying in the video, however I disagree with the basic premise. Life was always hard in America, but people were tougher and expected things to take time. Now they want things instantly, not in a decade, not in a year, but today. I was an immigrant and had to learn English when I arrived in NYC as a refugee. I went to school, got a scholarship and eventually was working on my Doctorate in Education.
This generation needs to toughen up. The tough and hard working will still succeed in America and has a lot better chance to do so than in most other countries.
Biden is trying to increase the number of employed, hopefully it will work for November.
Aggrieved Americans just need to re-elect Trump so he can sign yet another of his Signature Tax Cuts for billionaires and large corporations, this time paid for with benefit cuts to Medicare healthcare for older Americans. That will fix the problems just like it did in 2017, but better.
Vote for a punch in the face, rinse, repeat.
Barnum said, "Never give a sucker an even break." - or was that Mitch McConnell?
Makes a lot of sense.
Tomorrow morning the CPI Report will come out. It is important to note that if it is much higher than 3.4% we shall see a sell off, but if it is 3.3% or below look for a rally to new highs.
In spite of wholesale energy prices driving most of the rise in today's PPI, Oil ends at 9-week low after OPEC leaves demand forecast unchanged.
https://www.marketwatch.com/story/oil-prices-flat-as-traders-await-u-s-inflation-data-opec-forecasts-unchanged-0aab97cf
Perhaps some downside baked into next month's PPI
Why do so many Americans support a neofascist? | The Coffee Klatch with Robert Reich
For many restaurants, including my own Botanica, solvency is more elusive than ever due to the elevated cost of doing business. https://www.latimes.com/food/story/2024-05-14/one-dollar-at-botanica-restaurant-los-angeles-heather-sperling
Since opening Botanica nearly seven years ago, our labor costs have risen 40% for hourly workers and 25% for salaried management, the result of minimum-wage increases and market-rate pay increases. Our rent has risen 17%. Our sales, on the other hand, have grown only 2.3%.
Obviously, this creates a difficult status quo. In our industry, there are no mechanisms for alleviating costs other than trimming spending on goods and labor.
In other words: There is no way to balance the books without compromising the quality, vision and values that define a business like ours. There are no tax breaks on costly insurance policies or credit card processing fees. And if we were to pass the costs on to our customers, we’d be compromising the vision and values that make us what we are. It’s an absolute conundrum.
Botanica co-owner Heather Sperling at her restaurant in Silver Lake
Our way of doing business is under threat. From frequent conversations with restaurateur friends (including my co-founders of Regarding Her, a nonprofit focused on female food-industry leaders), I know that what Botanica is navigating at the moment is far from unique.
Why does this matter? Neighborhood-oriented restaurants are vital to communities and economies. They are meaningful gathering spots and dependable local employers. They support numerous other businesses: cleaners, farmers, coffee roasters, winemakers, equipment technicians, etc. They’re small and personal, and thus are approachable and accountable in ways that larger businesses aren’t. They’re often run by owners and managers who care deeply about their people, their neighborhood and their impact — even more than they care about their bottom line.
I know this because Emily Fiffer (Botanica’s co-owner) and I are among these people. And, moreover, we’re friends with dozens of like-minded owners across L.A. and beyond.
Eating at a place like Botanica might feel indulgent. Dishes on the spring menu range in price from $14 for marinated bean toast $36 for Baja striped bass. Our goal is to run a business with the most positive possible impact on our community, economy and environment — a business that embodies what we call “nourishing hospitality.”
There’s an economic concept called “the multiplier effect,” which describes how the effect of spending is greater than the original money spent. While every dollar you spend ripples through the economy in some way, restaurants surely must provide among the best bang for your buck, so to speak.
So one day I sat down to try to calculate exactly how this works with our model, and I landed on a startling figure.
Of every $1 spent by a customer at Botanica in 2023, $1.005 went back out the door.
Of that, 86.7 cents went toward “the good stuff” — meaning people, businesses and causes that it feels good to be supporting; 53.2 cents pays for the livelihoods of 50 staff members (including insurance, benefits and hefty payroll taxes);26.2 centsbuys products from a sensational web of farmers, purveyors and makers doing ethical, sustainability-focused work, who themselves employ countless passionate individuals; and 7.3 cents pays for a cadre of small businesses in supporting roles: our cleaning crew, florist, laundry services, a cavalcade of local equipment repair people, the family-run supplier of our recyclable and compostable to-go and market packaging, and so on.
And then 13.8 cents goes to occupancy costs (rent, utilities and trash/recycling/compost pickup); administrative costs (office supplies, our accountant, various apps and tools essential to operations, phone and internet, etc.); and the cost of credit card processing — 3.1 cents I really wish we could spend elsewhere!
Botanica is open for breakfast, lunch and dinner. Sperling drops by a table to chat with customers Zal Batmanglij, center, and Blake Holland, right.
The national average profit margin for independent restaurants is regularly cited to be in the zone of 3% to 5% (sometimes higher, often lower). This profit is necessary for retaining staff (raises), reinvesting in infrastructure (endless property and equipment repairs), navigating snafus (a power outage can result in thousands of dollars in losses), and repaying the investors, often friends and family, who funded the venture in the first place.
Botanica closed out 2023 with a 1.19% profit — but not from restaurant operations; those were just slightly less than break-even. Our revenue was boosted by a handful of commercial filming shoots held at the restaurant on days when we were closed.
Granted, Botanica is a more labor-heavy model than many in our cohort. We are open for breakfast, lunch and dinner; we have a robust coffee/tea/bakery program, and the front of our space is a market stocked with natural wine, house-made goods and products from local, largely women-owned businesses. These are laborious undertakings that require substantially more staff (with specialized training, no less) than a dinner-only joint. But these elements of our business, costly as they may be, are the ones that make us an especially useful, multifaceted neighborhood spot.
All this is to say that a restaurant like Botanica — like so many other independent, owner-operated neighborhood restaurants across the country — exists, first and foremost, to nourish its people. Hospitality is innately altruistic, and the neighborhood restaurant is especially, preciously, precariously so.
I don’t have any grand solutions to propose, though I do believe that low-margin, financially uncertain businesses like ours will need structural support to continue to exist. That 3.11% of revenue that goes to credit card processing fees ($98,725 last year, paid to our point-of-sale system, Toast) would be a transformational addition to our bottom line. And I’d vastly prefer to reinvest some of the 4.89% that went to payroll taxes ($155,000 in 2023) into our team.
In the absence of legislated solutions, it comes down to the diners. Nearly 20 years ago, right as I was starting out in the food world, Michael Pollan introduced the concept of “voting with your fork” via his seminal book “The Omnivore’s Dilemma”; it’s his way of succinctly expressing the importance and power that your daily food choices can have.
I’ve been trying to come up with a corollary that relates to the restaurant world — “dining with your values” doesn’t have the same ring to it; my suggestion box is wide open! — as a way to convey what it means to support restaurants not just for the creative/buzzy/exciting food they serve but for the broader philosophy that informs their work and exponentially impacts their small corners of the world.
Because for us to keep doing what we do, we need your support — and your understanding of the positive ripple effect that your support has. I hope this encourages you to feel good about your next brunch/dinner/coffee/cocktail outing at a thoughtful, community-minded restaurant near you.
It means more than you may know.
Los Angeles County has 3.3% fewer residents than the ten million living here in 2019.
Yet it's claimed this population reduction, with the addition of 2.5 million new homes, condos and apartments since 2019, has somehow created a housing shortage with nearly three-quarters of renters and those younger than 35 have given consideration to moving out of L.A. About 37% of homeowners and 26% of those 65 or older have also considered moving, the poll found.
Apparently our work of discouraging people from living in Los Angeles is not yet finished.
Closing a few positions and raising a little more cash into the CPI report, if it is not hot and the market rallies I can replace them that will de better in an up trending market.
Berkshire Hathaway reduced their AAPL holdings from 908 million shares, about 5.8% of total shares, by 13% to only 790 million shares.
Closed PDD for a 33% gain and OLLI for a 4% loss.
Closed PINS for 5% gain.
I hate to take profit below a significantly higher level, but when a stock gets lower in analysts' reports. It is better to take a little gain than a little loss.
Trimmed SFM and added MPC.
Sold PEP 8 Puts.
Holding PODD.
Early notable gainers among liquid option names on May 14th
THE FLY 9:55 AM ET 5/14/2024
Symbol Last Price Change
PODD 172.05up +11.03 (+6.8501%)
ILMN 117.2up +4.43 (+3.9283%)
ENPH 115.7275up +4.9475 (+4.4661%)
COO 96.66up +3.83 (+4.1258%)
QUOTES AS OF 10:10:08 AM ET 05/14/2024
Notable gainers among liquid option names this morning include Insulet(PODD)$171.70 +10.68, Illumina(ILMN)$119.53 +6.76, Enphase Energy(ENPH)$117.22 +6.44, Cooper Companies(COO)$96.33 +3.50, and Tesla (TSLA) $177.10 +5.21
The 8th Wonder of the World is compound interest. However, in my short trading experience with Options, I learned that expiration dates sold near term are also a wonder as they deteriorate more rapidly with time.
Windows 11 24H2 will just show up via Windows Update
Use
Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields
BENZINGA 8:30 AM ET 5/14/2024
Symbol Last Price Change
MEI 11.07up 0 (0%)
IBM 167.56up 0 (0%)
QUOTES AS OF 04:10:00 PM ET 05/13/2024
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
Methode Electronics, Inc. (NYSE:MEI)
Dividend Yield: 5.06%
Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7. This analyst has an accuracy rate of 75%.
Barrington Research analyst Christopher Howe reiterated a Market Perform rating on May 25, 2023. This analyst has an accuracy rate of 70%.
Recent News: On May 6, Methode Electronics(MEI) named Kevin Nystrom as interim CEO, effective immediately.
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)
Dividend Yield: 4.66%
JP Morgan analyst Sandeep Deshpandemaintained a Neutral rating and cut the price target from $5.81 to $5.58 on April 17. This analyst has an accuracy rate of 76%.
Raymond James analyst Simon Leopolddowngraded the stock from Outperform to Market Perform on Feb. 7, 2023. This analyst has an accuracy rate of 68%.
Recent News: On May 10, Ericsson said Senior Vice President and Head of Market Area Middle East & Africa Fadi Pharaon will resign at the end of August.
International Business Machines Corporation (NYSE:IBM)
Dividend Yield: 3.99%
BMO Capital analyst Keith Bachmanmaintained a Market Perform rating and cut the price target from $210 to $190 on April 25. This analyst has an accuracy rate of 77%.
Jefferies analyst Brent Thill maintained a Hold rating and lowered the price target from $210 to $190 on April 25. This analyst has an accuracy rate of 77%.
Recent News: On May 8, IBM(IBM) and SAP announced plans to expand collaboration to help clients become next-generation enterprises with generative AI.
Read More: Home Depot, Paysafe And 3 Stocks To Watch Heading Into Tuesday
PPI is 0.5%, too hot for markets. We are dropping as a first reaction.
I wonder if we get a free update?
Closed COOP and CTKB for a combined 3% gain.
Closed DUOL Puts for a 20% loss, technicals get weaker since it broke down, it may recover, but without me.
The next, AI-focused version of Windows is be named Windows 11 second half of 2024 — not Windows 12
https://www.tomshardware.com/software/windows/the-next-ai-focused-version-of-windows-is-windows-11-24h2-not-windows-12
Rumors about Windows 12 have been circulating for some time with some rumors pointing toward a 2H 2024 release for the new OS.
Now, Microsoft confirmed in a Windows Insider blog post that Windows 11 24H2 will be the next major feature update to arrive in 2024, all but shutting down rumors of a potential Windows 12 release in the back half of 2024. All of the new AI features will be implemented, but without a name change in the OS.
Microsoft never officially said Windows 12 was coming nor announced its existence in any way, but, there has been enough evidence to warrant speculation of a potential "Windows 12" release in 2024. Even the CEO of Qualcomm had speculated that Windows 12 could be coming this year.
Microsoft's roadmap for 2024 pointed toward massive updates to Windows 11 including big pushes to get AI integrated throughout the entire OS, inciting speculation that Microsoft might package all these new features into a new version of Windows, rather than carry it on into Windows 11.
This logic comes from Microsoft's previous history with Windows 11, where Microsoft hid Windows 11's existence inside of Windows 10 right up until its launch. (Many core parts of it also came from the shelved Windows 10X). Windows 11 was originally classified as a Windows 10 feature update dubbed "Sun Valley", before being unveiled as Windows 11 in late 2021.
But now we know for a fact this will not be the case. Microsoft's latest Windows Insider blog post cites that all builds starting with the number 26 in the Canary and Dev Channels will now be identified as Windows 11 version 24H2. 4.
This doesn't change any of Microsoft's plans for 2024, all the features speculated to arrive in Windows 12 will be released under Windows 11's future 24H2 patch. 24H2 is expected to be a huge patch that will integrate AI throughout the entire OS, taking advantage of the new hardware-accelerated Neural Processing Units (or NPUs) found in all of the new "AI PCs" that were announced earlier this year.
24H2 will also be the only major feature update for Windows 11 for the entirety of 2024. Microsoft has decided to go back to an annual release cycle for Windows feature updates instead of releasing a major feature update every few months. That said, Windows 11 will still be supported with smaller feature drops known as "Moment" updates.
MediaTek of Taiwan is joining NVIDIA to develop an AI PC processor with coupled with a Numerical Processor based on Softbank ARM's RISC architecture
Use Google Chrome to Translate to English: https://money.udn.com/money/story/5612/7959556
The design is expected to be completed in the third quarter. It has been finalized (taped out) and will be verified in the fourth quarter. The price of this new chip is as high as US$300. MediaTek will supposedly market the chip in products with Huida Electronics of Shenzhen, China.
Nvidia is effectively using Softbank's ARM Holdings to enter the RISC sector for AI chips.
Nvidia is may be the company which designed the AI portion of Qualcomm's AI chip which is staring to be announced in laptops made by Microsoft and other makers.
The same story from Softbank's perspective in Japan
SoftBank Group's 90% owned UK subsidiary ARM Holdings has set up an AI chip division, aiming to build a RISC prototype by spring 2025.
https://asia.nikkei.com/Business/Technology/SoftBank-s-Arm-plans-to-launch-AI-chips-in-2025
Arm already supplies circuit designs called architecture to Nvidia and other chip developers. While Qualcomm holds a lock on top-tier cell phone processors, ARM holds an over 90% share in architecture for processors used in low-end smartphones.
Mass production of ARM's AI chip will be handled by contract manufacturers, expected to start in fall 2025. will foray into the development of artificial intelligence chips, seeking to launch the first products next year.
The move is part of SoftBank Group CEO Masayoshi Son's 10 trillion yen ($64 billion) push to transform the group into a sprawling AI powerhouse.
Once a mass-production system is established, Softbank may spin off the AI chip business.
Round trip in AXON 3 Calls and VLO 2 Calls.
Sold APP 3 Puts.
Closed NXT and LDOS, both for a 5% gain.
Remembering Jim Simons: Revisiting One Of The Legendary Investor's Best Lectures
BENZINGA 9:46 AM ET 5/13/2024
Symbol Last Price Change
SMCI 792.2up -6.3 (-0.789%)
CLS 47.245up -1.265 (-2.6077%)
NVDA 902.5down +3.72 (+0.4139%)
QUOTES AS OF 11:39:46 AM ET 05/13/2024
Jim Simons, RIP
When news of Jim Simons' passing broke on Friday, may noted the extraordinary returns of his firm's flagship fund.
IF YOU INVESTED JUST $1,000 IN JIM SIMONS MEDALLION FUND IN 1988 YOU WOULD HAVE OVER $42 MILLION DOLLARS TODAY FOR COMPARISON IF YOU BOUGHT THE S&P 500 YOU WOULD HAVE $40,000 INVESTING IN WARREN BUFFET'S BERKSHIRE WOULD HAVE GIVEN YOU $152,000 TRULY THE GREATEST TO EVER DO IT https://t.co/joZB2xcGs4
-- GURGAVIN (@gurgavin) May 10, 2024
Of course, you couldn't have invested in the Medallion Fund unless you worked at Simons' Renaissance Technologies. But there was more to Jim Simons than being one of history's best investors. He lived an amazing life, as he detailed in the lecture below.
A couple of things that jumped out at us from this lecture:
The importance of luck. When he was young, Simons borrowed money from his father to invest in a friend's business in Colombia. A few years later, after his friend sold his Colombian business, Jim gave his and his father's proceeds to Jim's trader friend to manage. Jim made a deal with his friend that his friend would get 25% of the proceeds from his trading. After ten months, Jim's friend had grown Jim and his father's money by 1,000%, net of the trader's 25% cut.
Jim's lasting love of math and science. Of course, Simons started out as an academic mathematician, but late in life, after the death of his son, he returned to pure math as a way to deal with his grief--and in the process, he ended up making a discovery that advanced a branch of the field. Simons' foundation has also funded research into medicine as well as pure math and science, including investigations into the origins of life.
The last twenty minutes or so are questions and answers, but most of you will probably enjoy the part where Simons speaks.
In Case You Missed It
On Thursday Night we posted our Top Ten Names from this week.
Click the image above to go to the post.
In the free preview part of that post, we also showed the 6-month performance of our top ten names from November 9th of last year: on average they were up 52.3%, versus 20.39% for the SPDR S&P 500 Trust ETF , led by gains in Super Micro Computer, Inc.(SMCI) , Celestica(CLS), andNvidia(NVDA) .
We now have 6-month returns for 46 weekly top ten names cohorts since we started our Substack in December of 2022. Our top ten names have returned 22.96% over the average of these 46 6-month periods, versus SPY's average of 12.37%.
If you want to stay in touch.
You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on our website. You can also follow Portfolio Armor on X here, or become a free subscriber to our trading Substack using the link below (we're using that for our occasional emails now).
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.
These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
BENZINGA 7:33 AM ET 5/13/2024
Symbol Last Price Change
GNK 22.84up 0 (0%)
TRN 31.24down 0 (0%)
QUOTES AS OF 04:10:00 PM ET 05/10/2024
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
Genco Shipping & Trading Limited (NYSE:GNK)
Dividend Yield: 4.95%
Jefferies analyst Omar Nokta maintained a Buy rating and increased the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 80%.
Stifel analyst Benjamin Nolan maintained a Buy rating and raised the price target from $22 to $23 on April 19. This analyst has an accuracy rate of 75%.
Recent News: On May 8, Genco Shipping & Trading(GNK) posted downbeat quarterly earnings.
Star Bulk Carriers Corp. (NASDAQ:SBLK)
Dividend Yield: 5.53%
Stifel analyst Benjamin Nolanmaintained a Buy rating and raised the price target from $76 to $83 on Feb. 14. This analyst has an accuracy rate of 75%.
Jefferies analyst Omar Noktamaintained a Buy rating and boosted the price target from $22 to $24 on Nov. 30, 2023. This analyst has an accuracy rate of 80%.
Recent News: On April 9, Star Bulk completed merger with Eagle Bulk.
Trinity Industries, Inc. (NYSE:TRN)
Dividend Yield: 3.59%
TD Cowen analyst Matt Elkott maintained a Buy rating and raised the price target from $30 to $33 on May 2. This analyst has an accuracy rate of 74%.
Wells Fargo analyst Allison Poliniak maintained an Overweight rating and raised the price target from $27 to $31 on Aug. 2, 2023. This analyst has an accuracy rate of 68%.
Recent News: On May 1, Trinity Industries(TRN) reported better-than-expected first-quarter financial results.
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