Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes Sir, OFF too lots of RED, and September is normally bad
Good beautiful morning...
(Since not my own pool dash often-Lots of sunscreen needed)
But, this one is heated and salt water to boot! The bathing beauties, or
others, are not out early on weekdays, so us old folks can relax!
European shares hit seven-week lows as rate hike fears grow
Summary
EZ factory Aug activity shrinks as consumers stay cautious
Durex maker Reckitt announces sudden CEO departure
Miners lead losses; China's Chengdu locks down 21.2 mln people
German retail sales unexpectedly rise in July
https://www.reuters.com/markets/europe/european-shares-hit-seven-week-lows-rate-hike-fears-grow-2022-09-01/
WSJ<>Stock futures, Oil and Bond Prices Slip
Good morning Everyone! Another beautiful day here on tap.~
Not many left as fall then winter approaches.
I will be at the pool again later.
Relax and enjoy this weather before my vacation....
It's an Excellent piece, informative with verifiable facts which are hard to ignore.
We have all felt it in our gut but meandered along.
There are too many similarities leading to the 2008 crisis. (Been there and done that)
There may be more chop-chop before the great fall, but do believe its coming.
Too many pieces to this puzzle.
Ez and others, have been on the sidelines for quite a while because of this brewing crisis.
WE all have to make our own decisions. I've slowed way down trading, and
I am about ready to sit on my hands. May play-An occasional popper to get in
and out, but that's about it.
Will not sit here and stare at screens all day either!
LIFE, has more to offer than Day Trading.......
Thanks Lady, I've passed it along!~~
Curse words, curse words from my mouth
Mish<> In 2024, Los Angeles will Vote on Forcing Hotels to House the Homeless
I fail to see how this can possibly be legal but few governments give a damn about legalities these days.
(AGREE with THAT)
60,000 Homeless 20,000 Hotel Vacancies
https://mishtalk.com/economics/in-2024-los-angeles-will-vote-on-forcing-hotels-to-house-the-homeless
Sam's Club raising annual membership fee for first time in 9 years
By Lucas Manfredi FOXBusiness
FOX Business Flash top headlines for August 31
Consumers feeling the pinch from soaring inflation will soon have to pay more in annual fees for a Sam's Club membership.
Starting Oct. 17, the annual membership fee will be $50 for Club members and $110 for Plus members, up from $45 and $100, respectively. The move marks the first hike for its Club membership in nine years and the first Plus membership increase since its
introduction in 1999
more
https://www.foxbusiness.com/money/sams-club-raising-annual-membership-fee-first-time-9-years
Apple, HTC cleared in U.S. trade tribunal dispute over wireless patents
August 31, 2022
6:01 PM EDT
Companies
Apple Inc
HTC Corp
SoftBank Group Corp
ZTE Corp
- A U.S. appeals court on Wednesday affirmed a win for Apple Inc (AAPL.O), HTC Corp (2498.TW)and ZTE Corp (000063.SZ) against allegations that imports of their devices infringe wireless-technology patents.
The companies' smartphones, smart watches, tablets and other LTE-capable devices do not violate INVT SPE LLC's rights in two patents originally owned by Panasonic, the U.S. Court of Appeals for the Federal Circuit court said.
more @
https://www.reuters.com/legal/apple-htc-cleared-us-trade-tribunal-dispute-over-wireless-patents-2022-08-31/
->Entering the Superbubble's Final Act
by Jeremy Grantham
Viewpoints-August 31, 2022
Only a few market events in an investor’s career really matter, and among the most important of all are superbubbles. 1 These superbubbles are events unlike any others: while there are only a few in history for investors to study, they have clear features in common.One of those features is the bear market rally after the initial derating stage of the decline but before the economy has clearly begun to deteriorate, as it always has when superbubbles burst. This in all three previous cases recovered over half the market’s initial losses, luring unwary investors back just in time for the market to turn down again, only more viciously, and the economy to weaken. This summer’s rally has so far perfectly fit the pattern.The U.S. stock market remains very expensive and an increase in inflation like the one this year has always hurt multiples, although more slowly than normal this time. But now the fundamentals have also started to deteriorate enormously and surprisingly: between COVID in China, war in Europe, food and energy crises, record fiscal tightening, and more, the outlook is far grimmer than could have been foreseen in January. Longer term, a broad and permanent food and resource shortage is threatening, all made worse by accelerating climate damage.The current superbubble features an unprecedentedly dangerous mix of cross-asset overvaluation (with bonds, housing, and stocks all critically overpriced and now rapidly losing momentum), commodity shock, and Fed hawkishness. Each cycle is different and unique – but every historical parallel suggests that the worst is yet to come.
The Times that Really Matter for Investors
Most of the time (85% or thereabouts) markets behave quite normally. In these periods, investors (managers, clients, and individuals) are happy enough, but alas these periods do not truly matter. It is only the other 15% of the time that matters, when investors get carried away and become irrational. Mostly (about 12% of the time 2 ), this irrationality is excessive optimism, when you see meme stock squeezes and IPO frenzies, such as in the last 2 years; and just now and then (about 3% of the time), investors panic and sell regardless of value, as they did at 666 on the S&P in 2009 and with many stocks trading at a 2.5 P/E in 1974. These times of euphoria and panic are the most important for portfolios and the most dangerous for careers. (Keynes’ famous Chapter 12 would suggest that when confronted with a bubble, running off the cliff with company is the safest strategy for managers,
Cont@
https://www.gmo.com/americas/research-library/entering-the-superbubbles-final-act/
Suggested Read>>Prepare for an Epic Finale'-Jeremy Grantham Warns Stock Market
'Super Bubble' Has Yet to Burst
From ZH to original author
Entering the Superbubble's Final Act
Viewpoints August 31, 2022
(Long read but worth the time)
Only a few market events in an investor’s career really matter, and among the most important of all are superbubbles. 1 These superbubbles are events unlike any others: while there are only a few in history for investors to study, they have clear features in common.One of those features is the bear market rally after the initial derating stage of the decline but before the economy has clearly begun to deteriorate, as it always has when superbubbles burst. This in all three previous cases recovered over half the market’s initial losses, luring unwary investors back just in time for the market to turn down again, only more viciously, and the economy to weaken. This summer’s rally has so far perfectly fit the pattern.The U.S. stock market remains very expensive and an increase in inflation like the one this year has always hurt multiples, although more slowly than normal this time. But now the fundamentals have also started to deteriorate enormously and surprisingly: between COVID in China, war in Europe, food and energy crises, record fiscal tightening, and more, the outlook is far grimmer than could have been foreseen in January. Longer term, a broad and permanent food and resource shortage is threatening, all made worse by accelerating climate damage.The current superbubble features an unprecedentedly dangerous mix of cross-asset overvaluation (with bonds, housing, and stocks all critically overpriced and now rapidly losing momentum), commodity shock, and Fed hawkishness. Each cycle is different and unique – but every historical parallel suggests that the worst is yet to come.
The Times That Really Matter For Investors
Cont @
https://www.gmo.com/americas/research-library/entering-the-superbubbles-final-act/
Stock-Market's summer rally ran out of steam in August. Here's what history
says about September.
Come September-Traditionally unpleasant month
(I've lost quite a bit in September before-ugh)
https://www.marketwatch.com/story/the-stock-markets-summer-rally-ran-out-of-steam-in-august-heres-what-history-says-about-september-11661977167
Market Bulls Starved in August During Worst Cross-Asset
Selloff since 1981
Commodities join rout as Fed amps up battle against inflation
Financial conditions are tightening at an unusually fast pace
https://www.bloomberg.com/news/articles/2022-08-31/bulls-starved-in-august-amid-worst-cross-asset-selloff-since-81?srnd=markets-vp#xj4y7vzkg
Before 12 maybe....Looking at all three indexes significantly changes,
about 12, like a noontime clock bell ringing!
The cover page show all three together
https://finviz.com/
The new trend, lets name it, Afternoon Bites? Sure not a delight, unless puts
or short......
Got a repeater for sure
Beautiful weather day here; Going to enjoy it,
and head down to the heated POOL soon!
Have a GREAT Day everyone!
~~POOF~~
WSJ-Stock Futures Edge up: Oil prices fall
***** Good call, and another teaching remark added to boot~
August ADP Report: 132,000 vs 288,000 (est) WoW BIGLY difference,
and now we pull back, or not?
Oh goody for you!
LLAP $4.01 (BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the CAPSTONE spacecraft successfully achieved its highest altitude – a point known as apogee – at 2:35 p.m. E.T. on August 26. Terran Orbital developed and co-operates the Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, otherwise known as CAPSTONE, in cooperation with NASA and led by Advanced Space.
https://finance.yahoo.com/news/capstone-goes-distance-nasa-artemis-100000203.html
chart
https://finviz.com/quote.ashx?t=LLAP&ty=c&ta=1&p=d
RDWR $21.10 Radware, selected by Telecom provider Odine for enhanced
Global Cloud protection
https://finance.yahoo.com/news/radware-selected-telecom-provider-odine-100000050.html
Chart
https://finviz.com/quote.ashx?t=RDWR
(interesting)
Oil workers slam Biden's student loan handout: 'Trying to Buy Votes"
(Talking to the Choir here)
Biden's student loan handout is 'one more slap in the face,' the founder of the Oil & Gas Workers Association tells FOX Business
Oil workers argued it was unfair for them and other working-class taxpayers to fund the handout, which would potentially benefit Americans on track to soon make hundreds of thousands of dollars. A majority of oil field workers don't have a college degree, according to the job search site Zippia.
Full @
https://www.foxbusiness.com/politics/oil-workers-slam-biden-admins-student-loan-handout-trying-to-buy-votes
Premarket Movers: Chewy CI A, HP, Guardant Health
August 31, 7:30 AM
https://www.marketwatch.com/articles/premarket-movers-chewy-cl-a-hp-guardant-health-01661945429?mod=newsviewer_click
JP Morgan Chase's Frankfurt offices searched as part of wide-ranging
tax investigation
https://www.marketwatch.com/story/jpmorgan-chases-frankfurt-offices-searched-as-part-of-wide-ranging-tax-investigation-2022-08-31?mod=newsviewer_click
Tuesday links: implicit momentum
Chart of the day https://abnormalreturns.com/2022/08/30/tuesday-links-implicit-momentum/
FT- The price of the Bloomberg terminal is increasing to nearly
$30,000.00 a year
(anyone have one) LOL
Corning building a new factory in response to broadband boom
https://www.axios.com/2022/08/30/fiber-optic-cable-corning-factory-broadband-att
Corning said the investment is supported by customer commitments, including from "anchor customer" AT&T, which is also working with Corning on a fiber optic technician training program.
AT&T also announced plans Tuesday to build a new fiber internet network in Mesa, Ariz., that will offer service to more than 100,000 homes in 2023. It's the company's first fiber network in the state.
BBBY down 20%+ before the disclosure later in the day
Farmers warn ketchup, salsa, pasta sauce and other tomato products
could soon be in short supply
(be a run at the grocery now for those products!)
Drought, supply chain problems, and INFLATION are impacting the harvest
California's farmers grow nearly all of America's processing tomatoes, but this year is shaping up to be another poor harvest season. This means products like ketchup, salsa, and pasta sauce could soon be in short supply in stores across the country
Full @ https://www.foxbusiness.com/economy/farmers-warn-ketchup-salsa-pasta-sauce-other-tomato-products-could-soon-be-short-supply
Morning Larry and ALL, I'm late...A little green flickering across the indexes, for now anyway!
Yes, I certainly did! I'm late this morning due to good old first of the
month bills!
ugh
GO eat, soon be too late for that tummy to be filled!
Healthy, is to eat before 8:00<
No one wants to work<>The Labor Department said Tuesday that there were
11.2 million job openings in July, up from the previous month's upwardly revised 11 million.
The number of available jobs has topped 10 million for 12 consecutive months; before the pandemic began in February 2020, the highest on record was 7.7 million.
Fox Business
Biden admin races to stave off another gas price disaster with
oil price cap negotiations
'It's a very delicate equation here', the Brookings Institution David Wessel told Fox
https://www.foxbusiness.com/politics/biden-admin-races-gas-price-disaster-oil-price-cap-negotiations
Snap to layoff 20% of its workforce: report
The job cuts will reportedly begin on Wednesday
Citing people familiar with the situation, The Verge reported Tuesday that approximately one-fifth of Snap's 6,400-plus employees are on the chopping block after reporting weeks earlier that such plans were in the works
https://www.foxbusiness.com/markets/snap-lay-off-20-percent-workforce
Top stocks after hours: Netflix, Snap, CrowdStrike, and more
https://finance.yahoo.com/news/top-stocks-after-hours-netflix-snap-crowd-strike-and-more-222150989.html
Tonight, in the year of our Lord 2022, I WILL say an extra prayer
for you, and ALL those plays~~~
You need Mercy
HaHa, I'm probably going to keep mine. Those other adds/buys
were trying to catch the bottom.
I've had this before, and bought some of it @13.35
So, I'm ahead now, it's not a mover and shaker, stays pretty tight
Chewy, getting ripped apart
You followed me? Shame shame! CRWD beat, HPE beat, but narrowed guidance
https://www.businesswire.com/news/home/20220830005428/en/
Q3 2022 Financial Highlights:
Revenue: $7.0 billion, up 1% and 4% adjusted for currency(1) from the prior-year period, above Q3 guidance
Gross margins remain resilient despite ongoing supply chain constraints and inflationary environment
GAAP of 34.5%, flat from the prior-year period and up 210 basis points sequentially
Non-GAAP of 34.7%, flat from the prior-year period and up 50 basis points sequentially
Diluted net earnings per share ("EPS"):
GAAP of $0.31, up 7% from the prior-year period and up 63% sequentially
Non-GAAP of $0.48, up 2% from the prior-year period and up 9% sequentially
Cash flow from operations of $1.3 billion and free cash flow of $587 million, in line with normal seasonality
Capital Returns:
Returned $353 million to shareholders in the form of dividends and share repurchases
Declared a regular cash dividend of $0.12 per share, payable on October 7, 2022
Outlook:
Reiterates fiscal 2022 revenue growth of 3-4% adjusted for currency
Fourth quarter fiscal 2022 GAAP diluted net EPS to be in the range of $0.32 to $0.40 and non-GAAP diluted net EPS to be in the range of $0.52 to $0.60
Fiscal 2022 GAAP diluted net EPS to be in the range of $1.20 to $1.28 and non-GAAP diluted net EPS to be in the range of $1.96 to $2.04, reflecting the unfavorable currency movements and constrained supply environment
Fiscal 2022 free cash flow(2) guidance to be in the range of $1.7 to $1.9 billion
HOUSTON, August 30, 2022--(BUSINESS WIRE)--Hewlett
What's done is done, best to not cry over spilled milk.
That 75 shares buy made 250 shares on three different buys...
have to go back and average, maybe not too bad!