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10-4 !!
Gobble Gobble and Go Lions!!!
It's an interesting concept for their workers and since it's a 125 Cafeteria Plan Fed Ex reaps some benefits as well if you understand how those plans work.
I'd never heard of a employer with a 401k match greater than 100%, but I see that a *very few* exist.
https://buildremote.co/companies/best-401k-match/
Happy Thanksgiving to you and your family as well.
We cut the benefit umbilical cord and he is on his own benefits now.
FedEx has amazing benefits which explains why they are non-union. Their 401K plan is administered by Vanguard and they match 200% for the first 2% then 100% for the next 4%.
There is a back story to all this which I will email you about.
That’s awesome!!! So happy for him & a lot to be THANKFUL for ~~~ for Thanksgiving, we are munching on cheeseheads !!
Enjoy Shermies!!
BRK invests puny $8 MILLION into Atlanta Braves.
"Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) cut its exposure to a number of well-known American companies in the third quarter, exiting stakes in General Motors Co. (GM), Johnson & Johnson (JNJ), and Procter & Gamble Company (PG).
But Berkshire also made a $8 million bet on another American institution: major-league baseball.
The Omaha, Neb.-based conglomerate took a new position in Atlanta Braves Holdings (BATRA), the holding company for the team that finished the recent baseball season with the league's best record. The Atlanta Braves last won the World Series in 2021."
"Buffett has a long-time affinity for baseball, frequently citing his admiration for the hitting of Boston Red Sox great Ted Williams, the last player to hit over .400 in a season (1941). At one time he owned a minority stake in the minor-league team that plays in Omaha."
https://finance.yahoo.com/news/warren-buffetts-berkshire-hathaway-is-making-a-new-bet-on-the-atlanta-braves-150434486.html
Thanks. FDX recently promoted the kid to manager. Been attending classes run by them for the last couple of weeks. He has made quite the transformation from gym shorts and tees to polos and chinos. lol.
Next up he gets a shot at managing part of the hub.
I'm moving $5K a month into Fidelity for him and recently picked up some more F and TFC. The cash is going into a money market, SPAXX which is yielding 4.99%
Hope you have a Happy Thanksgiving and safe travels.
A belated TY ! And, a heavenly shoutout to your Dad! “Hand Salute”
Today is Veteran's Day.
Thank you for your service.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173203132
Yellen must have sent Powell an email. You are costing us a ton of money.
"S&P 500 inches lower after 6 straight days of gains: "
https://www.cnbc.com/2023/11/06/stock-market-today-live-updates.html#:~:text=Traders%20work%20on%20the%20floor,2022%20in%20New%20York%20City.&text=Stocks%20were%20mixed%20Tuesday%20as,sharp%20rally%20on%20Wall%20Street.
One of a kind…. For both !!
What Mike Krzyzewski said about Bob Knight's death after complex relationship: 'Deeply saddened'
Gabriela Carroll
USA TODAY NETWORK
"Coach Knight recruited me, mentored me, and had a profound impact on my career and in my life," Krzyzewski said in the statement, in part. "Our family is deeply saddened by his passing."
?We’ve obtained a statement from former #Duke Head Coach Mike Krzyzewski on the passing of his former coach Bob Knight: pic.twitter.com/yEN6fpH7bs
— Travon Miles (@TrayABC11) November 2, 2023
I did extremely well last week in my bluest of blue chip holdings.
Stock dividend increases are way down so far in 2023. Haven't read much about that. Luckily div cuts are almost non existent and the S&P is up 14% YTD.
ULY up 30% afterhours today, target 21, current 6 per share
$ULY to $21?
— Stock Picks NYC (@StockPicksNYC) October 24, 2023
“equity valuation of approximately $282M on a combined company basis. Urgently believes that based on the terms of the Merger Agreement and ULY’s convertible securities, the implied price for ULY common stock immediately prior to Closing would be $21.18 per… pic.twitter.com/pluE3bPkCU
Your Lions were kittycats and the Giants surprised me.
Let's see what inflation bonds are priced at next month.
Pathetic !!!
No, Uber pathetic !!!!
Social Security cost-of-living adjustment will be 3.2% in 2024, well below this year’s record-setting increase
https://www.cnbc.com/2023/10/12/social-security-announces-the-cost-of-living-adjustment-for-2024.html
It wouldn't hurt you to come down and visit your old haunts next summer.
Enjoy ~~~ summer comes to an end up here in a few days…. The Last Hurrah !
Wish we lived closer…. Would love a fall visit to Serenity Point !!
Spoke to my cousin in New Bern last night and he lives far enough away from the river where he saw no flooding. We'll be heading down to Carolina Beach in 10 days for a week in the sun hopefully.
F needs to hurry up and settle. It wouldn't hurt for the CEO to take a pay cut as a sign of good will.
All my old NC haunts got some major rainfall.... New Bern (married), Jacksonville (honeymoon at Sears), Emerald Isle / Atlantic Beach (USMC weekends) and Morehead City.... Would love to travel back in time and relive those years....loved NC !!
My cousin lives in New Bern. I should check in with him.
New Bern taking a hit.....again!
1968, at Cherry Point, we taped up windows and hunkered down for hurricane ...... we were clueless..... INDIANA only gets tornado warnings!
How 'bout them bucks and ducks !!!
F seems to know what they are doing and will settle with the union. The other 2 are simply being arrogant.
And it's not pretty at the coast today. We're just getting rain but they are getting flooded.
Warren Buffett Cut Off His Granddaughter Who Spent Nearly Every Christmas and Spring Break With Him: 'I Have Not Emotionally Or Legally Adopted You As A Grandchild'
https://finance.yahoo.com/news/warren-buffett-cut-off-granddaughter-152900004.html#:~:text=Nicole%20Buffett%2C%20an%20artist%20based,off%20from%20the%20family%20fortune.
The rift became apparent after Nicole participated in Jamie Johnson's 2006 documentary, "The One Percent," which delved into the lives of America's wealthiest individuals and their families. Buffett was not happy with her participation and sent her a letter stating, "I have not emotionally or legally adopted you as a grandchild, nor have the rest of my family adopted you as a niece or a cousin."
Nicole was very close to and Bufett’s first wife, Susan, who passed away in 2004. Despite being separated since 1977, Susan maintained an active role in philanthropy and was known for her compassion. In her will, she named Nicole as one of her "adored grandchildren," leaving her a sum of $100,000. Susan's will noted that Nicole "shall have the same status and benefits ... as if they were children of my son, Peter A. Buffett."
Nice.
FedEx
— Shares gained more than 5% after fiscal first quarter earnings results that topped expectations. FedEx reported adjusted earnings of $4.55 per share, greater than the $3.71 forecasted by analysts polled by LSEG. Its revenue of $21.7 billion was slightly below expectations of $21.74 billion.
https://www.cnbc.com/2023/09/21/stocks-making-the-biggest-moves-premarket-fedex-kb-home-klaviyo-and-more.html
FDX
The kid is smiling.
How Olipop’s founders turned a $100,000 investment into a ‘healthier’ soda brand bringing in $20 million a month
Published Sat, Sep 16 202310:00 AM EDT
https://www.cnbc.com/2023/09/16/how-olipops-founders-turned-100k-investment-into-healthier-soda-brand.html
Covid Hoopla gone sour!
Underwater before the IPO launches.
Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation
PUBLISHED FRI, SEP 15 20233:44 PM EDTUPDATED FRI, SEP 15 20236:39 PM EDT
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Ari Levy
KEY POINTS
Venture firms Sequoia and Andreessen Horowitz invested $50 million each in Instacart at the tech market’s peak in 2021.
Based on Instacart’s latest IPO prospectus, the value of those investments has sunk by more than three-quarters.
Instacart is trying to crack open an IPO market that’s been closed for venture-backed companies for 21 months, but it won’t be easy.
https://www.cnbc.com/2023/09/15/sequoia-andreessen-set-to-take-massive-hit-on-2021-instacart-investment.html
Not that they know much….but, as you know, we live in the middle of FORD country! Our neighbors are 80% F folks!
Word on the street….. L O N G !!!
Going to be a poor Christmas!
Went to F this morning to get a recall fixed on my Bronco Sport with 2500 miles on it. Something about the engine catching on fire. The Ford plant is where they make the Bronco.
I've lost count on the number of recalls for the Fusion. That's the kid's problem now.
F had one Maverick pickup on the lot with a market adjustment increase of $11K. Insanity. But you can order them and pay MSRP then wait.
And more on the strike. The union does have a point and GM, F and whoever they call themselves now are going to have to decide.
A strike begins
Tumultuous labor strikes are a natural part of an economy with an expanding middle class.
I realize that idea may sound surprising. Strikes are unpleasant, after all. They disrupt life for a company’s workers, managers and customers. (Here is the latest Times coverage of the United Auto Workers strike that began this morning.)
It’s usually better for everyone when a company’s executives and union leaders can agree on a contract without a walkout. But history shows that the potential for a strike, and sometimes the reality of one, is necessary for workers to receive healthy raises and ensure good working conditions.
The decades after World War II are rightly remembered as a time when the American middle class was expanding rapidly. Median family income more than doubled over a 25-year period starting in the 1940s, even after taking inflation into account. The income gap between rich and poor families shrank, as did the gap between white and Black families.
These were also years when strikes were a regular feature of American life. In the 12 months after World War II ended, almost five million Americans, or roughly 10 percent of the work force, went on strike, including autoworkers, film crews in Hollywood, steel workers, coal miners and meatpackers. During the 1950s — a supposedly conformist decade — more than 1.5 million workers went on strike every year on average.
The strikes helped create the American middle class. Without at least the possibility of a disruptive strike, companies are often able to keep wages relatively low. They can bet that workers won’t quit for higher-paying jobs elsewhere. This bet often pays off, particularly when industries are highly concentrated with only a few large companies.
That’s essentially what has happened over the past few decades as unions have withered and companies have consolidated. The economic trends have been the opposite of what they were in the mid-20th century: Executive pay and corporate profits have grown faster than the American economy — and much faster than wages for rank-and-file workers.
Makeup pay
The current burst of labor activism, in the auto industry, Hollywood, Amazon warehouses, Starbucks stores and elsewhere, is an attempt to reverse these trends. The United Auto Workers, for example, agreed to large pay cuts for new workers when the industry was near collapse during the financial crisis almost 15 years ago. Since then, Detroit’s Big Three — General Motors, Ford and Chrysler (now owned by Stellantis, a Netherlands-based company) — have recovered, earning large profits, but worker pay has not rebounded so well.
Union leaders are now asking for a 36 percent wage increase over four years, to match the similar recent pay increase for top executives. The union also wants pay to rise automatically with inflation in the future, as it did before the financial crisis. Without such cost-of-living increases, inflation causes de facto pay declines every year.
I want to emphasize that the broader importance of unions doesn’t mean that all their demands are reasonable. Sometimes, unions really do make self-defeating demands. The auto industry is a case study. As Japanese and German companies won over American customers in the 1970s and 1980s, Detroit’s unions (along with the industry’s top executives) were slow to recognize the threat and continued insisting on wages and work rules that contributed to the Big Three’s decline.
A classic example was known in the auto industry as a jobs bank — places where workers who no longer had jobs came every day to do little and still be paid. (My colleague Neal Boudette nicely traced this history on an episode of “The Daily” this week.)
In the current negotiation, the U.A.W. is asking for a new version of jobs banks. The updated version would continue paying some employees who had lost their jobs during the transition to electric vehicles, which require fewer workers than gas-powered vehicles.
Is that a sensible demand? I’m not sure. It might be good for individuals, but it could also prevent the car companies from staying competitive with foreign rivals. Likewise, is a 36 percent pay increase a fair catch-up after the previous pay concessions — or is it more than the companies can sustain and instead a sign that neither C.E.O.s nor workers should be getting such big raises?
These are legitimate questions, and I hope that Detroit’s executives and union leaders will hash them out in public. Just keep in mind that if they weren’t arguing over them, the workers would probably be worse off.
When is the Arm IPO? Arm and its underwriters are set to price the IPO on Wednesday following its weeklong roadshow pitch to investors. Its American depositary shares are expected to start trading Thursday on the Nasdaq under the symbol ARM.
Ford CEO rebuffs UAW leader’s criticisms as strike deadline on Thursday approaches
PUBLISHED WED, SEP 13 202311:41 PM EDTUPDATED 43 MIN AGO
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Michael Wayland
KEY POINTS
Ford CEO Jim Farley rebuffed comments Wednesday night by United Auto Workers President Shawn Fain that the company is not taking bargaining seriously.
Farley said the company has received “no genuine counteroffer” on its four economic proposals.
The UAW is simultaneously negotiating separate national contracts ahead of an 11:59 p.m. ET Thursday strike deadline with automakers Ford, General Motors and Stellantis.
https://www.cnbc.com/2023/09/14/ford-ceo-fires-back-at-uaw-leader-as-thursday-strike-deadline-looms.html
It's anyone's guess what will happen at midnight.
Janice has taken our discussion about counterfeiting as something that shouldn't be discussed.
https://www.investopedia.com/financial-edge/0412/the-most-counterfeit-proof-currencies.aspx#:~:text=One%20estimate%20detailed%20that%20more,the%20most%20difficult%20to%20fake.
One estimate detailed that more than 75% of the nearly $600 billion in $100 bills circulates outside of the U.S. Due to its popularity, the American $100 bill is one of the most counterfeited currencies, but also one of the most difficult to fake.
Last night Detroit caused the earth to tilt off its axis.
AMC shares slide 20% after theater chain announces plan to sell additional stock
PUBLISHED WED, SEP 6 20239:58 AM EDT
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Jesse Pound
KEY POINTS
AMC was widely expected to sell additional shares after the successful conversion of the preferred APE shares into AMC common stock in August.
AMC said in the filing that it will sell the new shares through “at-the-market” offerings, without a specific time frame.
Citigroup, Barclays, B. Riley Securities and Goldman Sachs are listed as sales agents in the filing.
https://www.cnbc.com/2023/09/06/amc-shares-fall-as-it-announces-plan-to-sell-additional-stock.html
Why not. They are selling into the summer block busters and Taylor Swift.
Weekly Pro football pickems.
BNBS PRO FOOTBALL PICKS
Group ID#: 43470
Group Password 27265
https://football.fantasysports.yahoo.com/pickem/43470
The Beige Book is out this morning.
I'll send you a link.
Chip design firm Arm seeks up to $52 billion valuation in blockbuster U.S. IPO
PUBLISHED TUE, SEP 5 20236:58 AM EDTUPDATED 3 HOURS AGO
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Ryan Browne
KEY POINTS
Chip design firm Arm on Tuesday submitted an updated filing for its upcoming blockbuster initial public offering on the New York Stock Exchange, setting a price range between $47 and $51.
Only 9.4% of Arm’s shares will be freely traded on the NYSE.
Arm was previously dually listed in London and New York, before SoftBank acquired it for $32 billion in 2016.
https://www.cnbc.com/2023/09/05/chip-design-firm-arm-sets-share-price-between-47-and-51-for-blockbuster-us-ipo.html
I watched the CO TCU game. Last team to score won.
We're heading to Carolina Beach soon for a week. The doctors don't want to see me for a year.
GM ~~~ watched a lot during storms on Topsail “live cam” ! Some wild surf and sky! Glad you missed bad stuff !
The Kid on a roll already and only wk. 1 !
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Today's large cap can quickly become tomorrow's small cap or vice versa. That said all stocks are fair game here except pinks.
What size is "small"? There are many definitions. Some people define a small public company as one with a market cap under $1 billion. Others define small cap as under $2 billion. And there are yet other definitions. Over the last two decades the word "small" has come to mean larger and larger companies! To confuse matters, NASDAQ's small cap market system continues to list truly small public companies, many of which would be classified as nano-cap by the definitions, below. Here are some current definitions from Investopedia and Investor Words.
Market Cap Investopedia Investor Words
Mega-Cap over $200 billion over $250 billion
Large-Cap $10 billion - $200 billion. $5 billion - $250 billion
Mid-Cap $2 billion - $10 billion $1 billion - $5 billion
Small-Cap $300 million - $2 billion $250 million - $1 billion
Micro-Cap $50 million - $300 million under 250 million
Nano-Cap under $50 million --
Some T/A sites:
http://www.americanbulls.com/
http://www.stockta.com/
http://www.stockconsultant.com./
A screener that may be useful:
http://moneycentral.msn.com/investor/finder/deluxestockscreen.aspx?query=Institutional+Ownership+Up+....
http://www.secform4.com/index.php
Please- No Pink Sheet Stocks on the board and don't disparage others and their trading. Thank you!
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