OT: Stock and Investment Talk
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Seems right, but let’s say they hadn’t included carried interest. What would Sinema’s objective be then in making them redo the whole deal? What the hell does she stand for? It seems like she just gets off on all the media spotlight.
Clear indication that earnings will continue to be very strong (just like this round). Very good news. Also, annual wage growth looks to have plateaued, more good news.
In my opinion, it is somewhere in between depending upon how the carried interest is earned along with when it is distributed.
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Depends how you look at it...this may justify more rate hikes which will cause further stock depression
It is much closer to income than capital gains, although it does put more pressure to generate profits
I wish all sources of income was taxed at the same rate.
Just make the tax code tied to inflation- brackets, exemptions, standard deduction etc go up at the rate of inflation. Captial gains are also tied to inflation, but gains would be taxed at the same income tax rate.
You buy something for $100 dollars and sell it 10 years later for $200 your cost basis is $100 times the inflation rate over those 10 years
Use the rate we use for social security increases
It is in the best interest of everyone if there is lower tax rate for long term holding vs short term holding. Those differences should persist. The carried interest loophole should be closed and even though it would affect my income, it wouldn’t be the end of the world. The raised revenue should be used conservatively.
But if you allow long term holdings to have their cost basis adjusted for inflation you are making an adjustment that effectively provides that benefit. That is why under those conditions any gain should be treated the same as any other income source
Flat tax across the board, all income, but only taxed once. I would say exempt the first $30-40K to help with necessaries and lower income folks. Get rid of ALL deductions, exemptions, except charity. Get rid of all earned income tax credit crap (aka, welfare). Everyone is in the same boat and has skin in the game.
Tax code should be cut down to 5-10 pages max. Tax forms on 1 page. Good?
Whatever the math suggests. That level and the flat tax rate should create a new system that is revenue neutral as compared to the current one.
Mostly a meh day for the market (even with the crazy jobs data this morning):
www.cnbc.com
S&P 500, Nasdaq fall Friday, but notch weekly gains after blowout July jobs report
Investors looked to Friday's jobs report for further clues about the Federal Reserve's path of rate hikes.
Nice breakdown of the jobs report:
www.morningstar.com
Yes, It's a Strong Jobs Report, but July Probably Overstates the Case
Surge in hiring confirms the economy isn’t in recession, but the Fed will be focused on inflation
The tax attorney/account/Turbo tax/H&R Block lobby is too powerful for that to happen.
Great day for my put options. Sold about 50% of them for 4x profit. On days like today, I love the first 30-60 minutes of trading. It is always amateur hour. Lots of market order selling and buying. I am sure lots of people saw the strong job results and sold without thinking. Easy time to make money for professionals.Mostly a meh day for the market (even with the crazy jobs data this morning):
S&P 500, Nasdaq fall Friday, but notch weekly gains after blowout July jobs report
Investors looked to Friday's jobs report for further clues about the Federal Reserve's path of rate hikes.
Many "investors" react so emotionally. I'm sure good traders could make a killing on this dynamic.
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Fed Governor Bowman sees 'similarly sized' rate hikes ahead after three-quarter point moves
Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank's recent big rate increases and believes they should continue.
Irrelevant comments. All depends on the next 2 CPI reports.Fed Governor Bowman sees 'similarly sized' rate hikes ahead after three-quarter point moves
Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank's recent big rate increases and believes they should continue.
Musk doesn’t understand how this works. It’ll be debated in Delaware.
www.yahoo.com
Elon Musk challenges Twitter CEO Parag Agrawal to 'a public debate' on the company's bot data
Musk has accused Twitter of having more bots and fake accounts than it lets on and claims it's withheld bot data from him, which Twitter denies.
Musk doesn’t understand how this works. It’ll be debated in Delaware.
Elon Musk challenges Twitter CEO Parag Agrawal to 'a public debate' on the company's bot data
Musk has accused Twitter of having more bots and fake accounts than it lets on and claims it's withheld bot data from him, which Twitter denies.
They should change the slogan to The Worst State.
I sold a few positions today to raise more cash. I’m thinking a sell off is coming soon.
NVDA did a nice job to reset expectations, onwards to a bright future! Holding long. Overall, a chill day for the market. Small caps still in rally mode. All eyes on CPI on Wed and PPI on Thurs.
Big money, no whammies!
Nice article on NVDA:
www.morningstar.com
On Aug. 8, Nvidia (NVDA) announced preliminary second-quarter results that included revenue of about $6.7 billion, well short of management’s original guidance of $8.1 billion. The primary driver of the shortfall was weakness in the gaming segment (down 44% sequentially and 33% year over year to $2 billion). We had been anticipating a slowdown in the gaming segment following the crash in cryptocurrency prices and associated mining demand as well as weaker macroeconomic conditions, and we previously had gaming sales sequentially declining for the remainder of 2022.
The shares fell 7% following the news and continue to trade at a modest discount to our unchanged $200 fair value estimate. We think Nvidia could be due for a few challenging quarters, which could create a more attractive entry point. Nonetheless, we think long-term investors could find shares of wide-moat Nvidia beginning to look attractive, as we expect the firm’s data center business will prove more resilient to macroeconomic headwinds. Artificial intelligence and other cloud investments are poised to remain elevated, and we believe Nvidia still boasts strong exposure to these secular trends among chipmakers.
Graphics processing unit peer AMD recently reported weaker PC GPU sales and provided a softer outlook for its GPU business, and we have seen numerous reports in recent months detailing excess GPU inventories as supply overshot a rapidly declining demand environment. During the quarter, Nvidia also took a $1.32 billion charge on inventory reserves. With the firm’s next generation of GeForce 40 series GPUs (Lovelace) set to come out later this year, we suspect much of the inventory write-off was Nvidia clearing out excess GeForce 30 series (Ampere) GPUs. This sharp reduction in gaming sales is very reminiscent of the last major crypto crash in late 2018, which led to several consecutive quarters of weak gaming sales for Nvidia. We anticipate a similar dynamic to play out this time around as well.
Nvidia’s Warning Doesn’t Alter Our Long-Term Positive Outlook; Shares Undervalued
We had been anticipating a slowdown in the gaming segment following the crash in cryptocurrency prices and associated mining demand.
On Aug. 8, Nvidia (NVDA) announced preliminary second-quarter results that included revenue of about $6.7 billion, well short of management’s original guidance of $8.1 billion. The primary driver of the shortfall was weakness in the gaming segment (down 44% sequentially and 33% year over year to $2 billion). We had been anticipating a slowdown in the gaming segment following the crash in cryptocurrency prices and associated mining demand as well as weaker macroeconomic conditions, and we previously had gaming sales sequentially declining for the remainder of 2022.
The shares fell 7% following the news and continue to trade at a modest discount to our unchanged $200 fair value estimate. We think Nvidia could be due for a few challenging quarters, which could create a more attractive entry point. Nonetheless, we think long-term investors could find shares of wide-moat Nvidia beginning to look attractive, as we expect the firm’s data center business will prove more resilient to macroeconomic headwinds. Artificial intelligence and other cloud investments are poised to remain elevated, and we believe Nvidia still boasts strong exposure to these secular trends among chipmakers.
Graphics processing unit peer AMD recently reported weaker PC GPU sales and provided a softer outlook for its GPU business, and we have seen numerous reports in recent months detailing excess GPU inventories as supply overshot a rapidly declining demand environment. During the quarter, Nvidia also took a $1.32 billion charge on inventory reserves. With the firm’s next generation of GeForce 40 series GPUs (Lovelace) set to come out later this year, we suspect much of the inventory write-off was Nvidia clearing out excess GeForce 30 series (Ampere) GPUs. This sharp reduction in gaming sales is very reminiscent of the last major crypto crash in late 2018, which led to several consecutive quarters of weak gaming sales for Nvidia. We anticipate a similar dynamic to play out this time around as well.
Hope nobody owns Novavax! LOL.
www.cnbc.com
Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading
The Maryland biotech company cut its 2022 sales outlook by about 50% and now expects to generate $2 billion to $2.3 billion in revenue.
Inflation expectations for tomorrow morning. PPI on Thursday:
www.cnbc.com
Critical inflation report could show price increases have eased
Inflation may finally be cooling, thanks to falling gasoline prices and fading supply chain issues.
Coinbase shares drop on billion-dollar loss in second quarter and revenue miss
Coinbase's revenue declined almost 64% in the quarter as cryptocurrency prices fell.
COIN is going nowhere fast…brutal quarter
Many of those $350 video cards that ended-up for sale at $1200 have come back to haunt on the used market. It doesn't help that consumers are poorer, and the CPU market is a snooze with old stock. AMD has new CPUs coming out in the fall. The Nvidia 4000 video series might be delayed a year, but they might not be such a big deal anyway since their power consumption is going to be escalated to a silly degree (rumored 800 watts for 4090 card) . Of course Taiwan situation looms over all this
Fact is the current $300 cards do 60fps on 27" monitors pretty easy. The $500 cards are overkill for 95% of gamers, and are best used for 4K gaming (which is unpopular for players sitting close at a desktop). Current games are also a problem since most games in 2022 sucked.
Right now is one of those times where its really cheap to make a nice PC.
An AMD 5900x CPU (12 cores) and a Nvidia 3060 GPU were $1500 last winter - now they are around $700
Surprised to see it only down 4-5%, especially after its rally over the past few weeks.Coinbase shares drop on billion-dollar loss in second quarter and revenue miss
Coinbase's revenue declined almost 64% in the quarter as cryptocurrency prices fell.
COIN is going nowhere fast…brutal quarter
Not particularly in regards to Disney but I’ve mentioned this before with regards to the smaller streaming services. They should bundle themselves together as an offering. WMT trying to copy AMZN.
