OT: Stock and Investment Thread
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Saw that this morning and that’s after IBM CEO comments.
I heard earlier on the radio that the European tourists are back but the Asian tourists aren’t quite there yet.
But despite the increased flight schedules and addition of new carriers, seating capacities in the North America-Asia market is still at least 34% down this summer compared to pre-pandemic levels. And even though China has fully reopened, there are still 90% fewer flights between the US and China this summer - all of which highlight the drastic effect of the ongoing US-China flight dispute.
What's the geopolitical dispute all about?
The US-China flight conflict occurred around February last year when most of the Western world and a few others were banned from flying through Russian, Ukrainian, Belarusian, and Moldovan airspace. But on the other hand, Asian and Middle Eastern carriers were still allowed to use Russia's airspace. This meant that, as opposed to the Asian and Middle Eastern carriers, US and other Western carriers were forced to add extra miles on routes to Asia.In other words, US and Western carriers were at a significant competitive disadvantage compared to their Asian and Middle Eastern Counterparts. And in an attempt to level the playing field, US senators and the airline industry last month lobbied for a ban on other carriers willing to use Russian airspace or even force them to adhere to the same lengthy routes as their US counterparts.
This lobby specifically affects four Chinese carriers that fly between China and the US, including Air China for its Beijing-Los Angeles and Beijing-Shenzhen routes; China Southern Airlines for its Guangzhou-Los Angeles and Guangzhou-New York routes; China Eastern Airlines for its Shanghai-New York route; and Xiamen Airlines for its Xiamen-Los Angeles route.
I guess we’re banning Chinese flights because they fly over Russia air space and we don’t want them to have a competitive advantage.
Should we take that to mean you're awash in concern about conservatives and how much they might suffer? Like, do you cry real tears when you hear about the hard times faced by conservatives in rural America?
I'm gonna go way out on a limb here and guess the answer is "nope".
Big jump in cost to hedge interest rate risk.
No surprise. AMD is likely the chip maker with the most exposure to PCs. ON and NXP reported over the past few days and crushed it.
GS absolutely is pushing 5 days for seniors and that will trickle down. BofA is the same
edit, confirmed MS this morning
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Fed is actively trying relieve price pressures by raising unemploymentit's all about employment stupid
We were recently talking stop losses, and I remember a couple years ago Joe Terranova from the Half Time bought Eli in the low $100's, but the stock went down and triggered a stop loss sale. He said he didn't really want to sell it as he liked the company and it's prospects, but he had a discipline.
Welp the stock is now up over $400. Just a little anecdote related to that discussion.
Private payrolls surged by 296,000 in April, much higher than expected, ADP saysit's all about employment stupid
https://www.cnbc.com/2023/05/03/adp...are|com.apple.UIKit.activity.CopyToPasteboard
Inflation is about 2% YoY when using real-time shelter data. Price pressures don't exist.
"could be replaced by AI in the coming years"
Figure 7800 is a small number for IBM, and they've been dabbling with AI for forever.
I dunno if that actually sounds like anything beyond a name drop.
Stop losses are a good thing and I couldn't say I would have done anything different for LLY. JNJ is a name in pharma I would accumulate using technicals and such if it were dropping a lot but LLY I don't think I would. BTW JNJ spinoff of their consumer health biz is this week. Ticker KVUE
I've mentioned LLY here a few times in the past with regards to their diabetes drugs used for weight loss. NVO as well. This Alzheimers one could be another big one for them.
I never used stop losses.....until I started playing around with leveraged ETFs. Now, stop losses are my friend.
Watson is like the original AI right? Thing has been around for decades it seems.
Funny but IBM has been in on a couple recent market Buzz words, AI, and block chain before that, but the stock gets no love for it.
Nat Gas creeping back to that $2 level.....now at $2.12.
They have been on blockchain and AI tech for years, but you eventually need to do something marketable with the tech. They have not.
and....just confirmed it this morning on my end. It's not like I give a **** what MS does lol
they are way way ahead of the curve on this. killing so many jobs with this is huge
why do you say this? they had a computer run AI that created it's own language with another AI computer. It was so alarming they literally 'pulled the plug'
IBM is Jeremy heading to his locker here
Hey, any thoughts on a quick Nat Gas trade? I have been eyeing UNG or BOIL if it dips back below $2. Seems to pop for a while every time it does so.
They just seem to be running it in a lab, but not trying to use it for a real marketable purpose. I assume SkyNet will be born at one of the Big Tech companies.....and then destroy the world.
I was going to include that, but on the other side of that is, we've seen companies that don't make money, or even sometimes don't have revenue, rip on hype.
I guess IBM is just too stodgy a name for the hype trades.
yes but take in what I said and its ramifications where 2 independent AI machines were communicating with each other playing chess/various games and then proceeded to deviate on own and communicate in a new made up language that IBM didn't know or understand. Bear in mind, the same AI machine at IBM and the one in China both came up with the same conclusion; too many people and numbers need to be reduced
when man discovered the atom there was a greater moral fabric from which to rely on and the power rested in the handlers so to speak but AI doesn't have handlers per se coupled with a decay in society's morals, makes AI that much more dangerous.
Good lord, that's a big number.
And with the new Fed pause, AAPL and all others may be off to the races! Exciting times.
Going to do some after-hours buying. Nothing fancy, but adding to existing positions.