OT: Stock and Investment Thread
- Thread starter RU05
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yeah, I'm not trashing them for the ride so far but they are almost there. Things have come down sharply and in the grand scheme this was a short but extreme inflation run by historical standards. Nothing wrong with just taking another pause to access.
IMHO the engine of this economy was still running all along...so what are they going to do when they do stop and the horses go wild? Is controlled growth the answer? Are they capable of doing that? Do we want them to do that?
PPI is gone. Literally. One of the most important leading indicators for CPI (and PCE) is now 0.1% YoY for headline. When does our deflation scare begin? Hello Fed, anyone home?
Producer price index has risen just 0.1% in past 12 months
Wholesale prices rose a meek 0.1% in June, extending a string of weak readings that suggest inflation in the U.S. is likely to continue to decelerate.
Economists polled by the Wall Street Journal had forecast a 0.2% increase in the producer price index.
Wholesale costs often foretell future inflation trends. The increase in wholesale prices over the past 12 months slowed to 0.1% from to 1.1% in the prior month. That’s the lowest reading since September 2020.
A separate measure of wholesale prices that strips out volatile food and energy costs and trade margins also increased 0.1% last month, the government said.
PPI YoY core also dropped way more than expected down to 2.4%.
Producer price index has risen just 0.1% in past 12 months
Wholesale prices rose a meek 0.1% in June, extending a string of weak readings that suggest inflation in the U.S. is likely to continue to decelerate.
Economists polled by the Wall Street Journal had forecast a 0.2% increase in the producer price index.
Wholesale costs often foretell future inflation trends. The increase in wholesale prices over the past 12 months slowed to 0.1% from to 1.1% in the prior month. That’s the lowest reading since September 2020.
A separate measure of wholesale prices that strips out volatile food and energy costs and trade margins also increased 0.1% last month, the government said.
PPI YoY core also dropped way more than expected down to 2.4%.
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As I mentioned posts above, they need more than just Marvel and Star Wars. Fatigue set in for me awhile ago and I suspect others now as well. They need more variety in all genres. They're great franchises but it's just too much.
I've said ESPN would be attractive to someone, big tech being the top alternative, if they ever spun it off or sold it. I could see the same for a partnership as well. It gives DIS some upside should it stabilize and some deeper pockets to work with as well.
www.cnbc.com
www.cnbc.com
I've said ESPN would be attractive to someone, big tech being the top alternative, if they ever spun it off or sold it. I could see the same for a partnership as well. It gives DIS some upside should it stabilize and some deeper pockets to work with as well.
Disney could soon sell its TV assets as Iger says business 'may not be core' to the company
Disney CEO Bob Iger appeared for an interview with CNBC's David Faber the morning after announcing a contract extension through 2026.
Disney is open to finding a new strategic partner for ESPN, Iger says
Disney is open to selling a stake in ESPN and is looking for a strategic partner as it prepares its transition to streaming, CEO Bob Iger said in an interview.
As I mentioned posts above, they need more than just Marvel and Star Wars. Fatigue set in for me awhile ago and I suspect others now as well. They need more variety in all genres. They're great franchises but it's just too much.
I've said ESPN would be attractive to someone, big tech being the top alternative, if they ever spun it off or sold it. I could see the same for a partnership as well. It gives DIS some upside should it stabilize and some deeper pockets to work with as well.
Disney could soon sell its TV assets as Iger says business 'may not be core' to the company
Disney CEO Bob Iger appeared for an interview with CNBC's David Faber the morning after announcing a contract extension through 2026.Disney is open to finding a new strategic partner for ESPN, Iger says
Disney is open to selling a stake in ESPN and is looking for a strategic partner as it prepares its transition to streaming, CEO Bob Iger said in an interview.
Just watched all the CNBC Iger clips. Seems like he understands the problems, but can't come out and directly say it (which is fine). Marvel and SW have quantity AND quality issues. Both need to vastly improve. Less shows and movies, but also way better writing and production. CGI in recent Marvel and SW products have been worse that CGI from a decade ago. Why do you think so much Disney shows take place at night? Gotta hide bad special effects.
What level would you buy DIS at?
I've always said 80s has been pretty good support that has held over the years, including the pandemic. Me always wanting more margins of safety would prefer the low end of that range, would wait to see if high 70s low 80s is in the cards. Earnings are in August and I tend to think they would be lackluster so that could be an opportunity for a drop but we'll see.
Agreed, seems like DIS is in for at least one additional bad quarter. They closed a bunch of things down and pulled content from D+ to harvest more tax breaks. Doesn't seem like a good sign.
Question was never whether inflation would come down or not, but whether it levels off in that CPI 3-4 % range. That remains to be seen.
Plus the writers strike and the potential actors strike isn't good for them and other media companies in the short term. I mentioned above I expect the media companies to dig in and not give up too much because they've all been hemorrhaging cash because of their streaming services and flops at the box office. It will put a strain on new content but like I mentioned I could see more unscripted content in the future. I mean look at primetime these days. You see reality shows and game shows often which are cheaper for them to produce. Long term it may be good to keep costs under control but short term it could put the squeeze on content which in turn can ding subscriber numbers.
@T2Kplus20
Do you think the market is getting too greedy recently? Are you considering selling some?
Do you think the market is getting too greedy recently? Are you considering selling some?
I don't see any "greedy red flags" until we hit ATHs with the indexes (broad markets or sectors). Not saying we will get to ATHs this summer, but once a bear market ends, markets seem to rally until they regain past levels. Obviously, if a new negative event happens, all bets are off.
Personally, I got out of TQQQ over the past few weeks. I sold 50% straight-up and then yesterday I converted the second half of TQQQ into QLD. So, I have substantially reduced my QQQ/tech leverage, but with some skin still in the game. The main part of my portfolio, ETFs and funds, which have a growth lead are full steam ahead. Not trimming or reallocating at this time.
My other current leveraged plays:
QLD (QQQ 2x)
UWM (Russell 2000 2x)
TMF (iShares 20+ treasury 3x)
CURE (Healthcare 3x)
LABU (Biotech 3x of XBI)
This would be a massive acquisition, even for AAPL. Why bother? I think the new big thing for AAPL is the iCar EV.
@RU-05 and @ScarletNut - I wish I still had those miners in my portfolio. LOL!
BEST NEWS OF THE DAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The Doves are taking over.
The Doves are taking over.
https://www.cnbc.com/2023/07/13/st-louis-fed-president-bullard-says-hes-stepping-down-in-august.html
I just recently bought some gbtc and ethe. As well as atom tokens on coinbase. Each pretty small positions but i do have a toe in the water.
I bought back into BTC and ETH via Fidelity Crypto, but also modest positions. At least some skin in the game! I will continue to add to both as appropriate.
Keep an eye on MULN, another EV truck startup. The stock is down 95% trading at about 15 cents after a 1 for 25 reverse split. They have recorded their first revenue from an order. They have production facilities in Mississippi, California and I believe, Ohio. They’ve started hiring workers presumed to be production line workers and are scheduled for deliveries in August. I’m not saying it’s a buy right now but there’s a massive number of naked shorts ( which are now being sued) and are ripe for a huge short squeeze. I’d put it on my watch list.
Oh and i was looking at ftft. No clue on the fundies but looks like a lagger.
Company sounds terrible. But the stock could rip.
Those discounts are a good play when/if they convert to ETFs. I'm putting enough money into BTC and ETH that I don't feel stupid if they totally moon (but not enough to lose sleep over!).
Nice round of earnings this morning, including UNH:
UnitedHealth Group
-- The healthcare stock climbed 3.4% after beating on earnings. The company reported an adjusted $6.14 per share and $92.9 billion in revenue while analysts polled by Refinitiv forecasted $5.99 and $91 billion.
Yea thought it was possible UNH get at least a relief pop after earnings. Didn't get into it though. I mentioned where I'd prefer it. Opposite of Delta which had running hard and then had a sell the news drop after earnings.
I'm not in financials but JPM is the one I see as the best as long as Dimon is there. They prove it again.
Yeah, UNH has a lot of room to run/rally, especially after a clean double beat on earnings. Hope so, it has been holding down the HC index for quite a while.
Boy, was I getting scared when UNH kept going down. I continued to buy it as it went down and accumulated over 350 shares. Nice to see it pop and sold 50 today but still expect this stock to go back to its high. I’m slightly ahead now at 475. I was going to post to you guys to buy at 445 yesterday.
I also listened to Tom Lee, fundstrat, before the CPI and PPI came out and moved more back into the market since he said there would be a 2% pop when they came out.
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Tom Lee, Mark Newton and the Fundstrat team have been rocking it lately. They still have a 30-day free trial of all their research without putting in any payment info. Tom and Mark put out short videos every day and the FS team is tracking the earnings season. Great intelligence.
Some FYI on Mullen. Again, not recommending a buy but worth watching as it has the potential to fly on any good news.
When the tide turns for HC, the entire industry will rally. Perhaps UNH is the catalyst to get the ball rolling.
Looks like Prime Day was a success for Amazon
Truflation dumps, now down to 2.18%.
Yea that moves around a lot. I saw the UK number go from 13% to 11% in one day. I don't see how that is possible.
Sometimes they change their methodology but don't not it. I think its a bit of a work in progress. They've also changed from reporting ytd to yoy.
Still a good guide and seems to show the trends very well.
Just probably the ebb and flow of new data coming in. I assume they don't get updates on all types of data in everyday. Updates come in at different frequencies.
Sounds like PE is the more likely partner for Disney than any of big tech.
From the article:
I spoke to a half-dozen high-ranking media executives to see if I could find a consensus on the type of company that would do this deal. Several of these execs are familiar with Iger’s thinking.
■ The most popular answer centered on private equity investors like KKR, Apollo or Candle Media, the Blackstone-backed media company run by former Disney executives Kevin Mayerand Tom Staggs.
By going the private equity route, Iger would have cover to manage the business more aggressively and move more quickly into sports gaming and streaming.
This would let Iger take ESPN’s financials — which are likely to be hampered by the continued shrinking of the cable bundle — off Disney’s balance sheet, while also allowing him to keep his hand in the sports business.
From the article:
I spoke to a half-dozen high-ranking media executives to see if I could find a consensus on the type of company that would do this deal. Several of these execs are familiar with Iger’s thinking.
■ The most popular answer centered on private equity investors like KKR, Apollo or Candle Media, the Blackstone-backed media company run by former Disney executives Kevin Mayerand Tom Staggs.
By going the private equity route, Iger would have cover to manage the business more aggressively and move more quickly into sports gaming and streaming.
This would let Iger take ESPN’s financials — which are likely to be hampered by the continued shrinking of the cable bundle — off Disney’s balance sheet, while also allowing him to keep his hand in the sports business.