I've found Bloomberg to be one of the more reliable MSM news sites.
They are cautiously optimistic! :)
Interested in big tech, especially since the dollar is now a tailwind, not a headwind anymore. Earnings may surprise a lot of folks. UNH crushed it yesterday, so HC may be in good shape.
Not what they said. And I watched the whole episode. Joshy said we'll revisit Oct lows. Lizzy agreed.
They are a little more bearish than me, but all of them agree tech already bottomed and so did several other sectors. Josh is great since he looks at data, thinks about it, and comments. He has said on other shows that maybe the bottom is in. Obviously, he is the host of a show and is responsible for the guest being able to express themselves with his own views constantly getting in the way. This show is great because Josh is a great conversationalist that has fun and the guests are diverse/interesting.
I wonder if that’s a promo rate they’ll rip away after 1 month or not?Apple launches its savings account with 4.15% interest rate
Apple on Monday said its Apple Card savings account is now available to users with a 4.15% annual percentage yield.www.cnbc.com
Apple is really trying to do everything. Looking forward to the Apple iCar announcement soon. :)Apple launches its savings account with 4.15% interest rate
Apple on Monday said its Apple Card savings account is now available to users with a 4.15% annual percentage yield.
Trying to take over Fintech?Apple wants to be 'top of wallet' with new savings account, expert says. Here's how its 4.15% offer ranks among best rates
Apple may be seeking "top of wallet status" with the debut of a new savings account, one expert said. For savers, it's a sign to shop around for the best rates.
Lol does Buffet understand that if China actually invades Taiwan it’s the end of the world economy as we knew it? Your TSMC exposure will likely be the least of your worries.Buffet loved TSMC up to recently
Warren Buffett says the threat of war was a ‘consideration’ in his decision to dump the bulk of his $4 billion stake in chipmaker giant TSMC
The Oracle of Omaha rarely exits an investment within a few years, let alone a few months, but he felt it best to liquidate his holdings in TSMC over fear of an invasion.finance.yahoo.com
Beautiful quarter for JNJ, double beat and raised guidance. HC looking strong so far.
Did they provide concrete rationale for why we would retest October lows? That's a 6k point drop in the dow from today, with inflation and other key indicators improving.
Pretty much. It's best to jump through it on your own. In short, Joshy took the lead citing a downturn momentum effect triggered by cost-cutting (layoffs and less spending) in larger firms leading to layoffs in smaller firms (suppliers as an example) leading to less household spending leading to less overall product/service demands, and so on. Lizzy agreed. Tighter credit/money supply exacerbating things. Fed will get its recession. Economy to reboot after a fashion.
This is interesting, I have also read that outside the tech industry most other industries have “slow cut” to the bone from 2013-2020, leaving little to no room for large scale layoffs in current year recession. In fact, many sectors are still struggling to staff properly in the post-pandemic era. The prevailing thought was rather than mass layoffs you may have bankruptcies and mergers (which in some instances will cause layoffs to a degree). Thing is, unlike other economic expansionary periods most firms this past decade have continued with very tight expense management post GFC, leaving much less room for sweeping expense cuts.
FYI - Bears already starting to move the goal posts. Saying the recession may be an "early 2024 event" instead. LOL!
NFLX with mixed results, share rather flat after hours. The big news was they are discontinuing the DVD mail service in the fall.
Netflix delays password-sharing crackdown rollout, posts mixed results
Netflix reported earnings after the bell. Here are the results.
Good quarter and they also upped guidance for 2023. I have to think the drop today was caused by ongoing concern as to whether the JNJ proposal related to the talc settlement would be accepted. I’ve held JNJ for decades and will continue to hold it. If/when the law suit gets settled I think the stock will surge. As a long-term holder, I remain optimistic about the company.Beautiful quarter for JNJ, double beat and raised guidance. HC looking strong so far.
Johnson & Johnson shares fall after company beats on earnings and revenue, but lowers pharmaceutical sales guidance
J&J, whose financial results are considered a bellwether for many health companies, said its first-quarter sales grew 5.6% over the same quarter last year.
The drop today was mostly due to people being stupid and overthinking. LOL!
Agree, but in this litigious society it’s a short-term wildcard. JNJ has been a great hold for me over the decades and is one of my largest positions in terms of individual equities.
I’m hearing way more that this is just another bear rally and we will test the lows again. A lot more.when I hear most people say the same thing... i feel the opposite is about to happen.....
nevertheless, "it's a thin bull run" is certainly something I'm hearing A LOT of the last week or two......
Please keep this a serious conversation. No need to post fantasies. Thanks!
I brought more UNH 50 shares@ 486 today, down 17 today and down 44 points in 5 days 8.3% since earnings. They beat and raised forecast. Will continue buying UNH as it goes down, it’s a little early for me to buy since it probably goes down another 20 points before next quarter earnings. Will buy 25 more down another 10 pts and 100 shares down another 10.
Single family rentals YoY up 5% (50% of the CPI shelter components).
