Outstanding Q2 presentation, definitely worth the read:ZETA crushing earnings and on 🔥!!!
Outstanding Q2 presentation, definitely worth the read:ZETA crushing earnings and on 🔥!!!
Took profits last week at $21…may have to get back in if it dips. Was not expecting this pop!Outstanding Q2 presentation, definitely worth the read:
Powell may snatch defeat from the jaws of victory. Worst Fed Chair ever? Looking for a .50% cut in Sept if the employment data looks weak tomorrow.The RUT down 2.3%.
I think the market was hoping for a more dovish Powell
Economy still looks strong though. Powell missed inflation on the way up. He’s still looking good on the way down. Those who have been critiquing Powell and calling for cuts for a year or more(prof siegel) have been on the wrong side of the call.Powell may snatch defeat from the jaws of victory. Worst Fed Chair ever? Looking for a .50% cut in Sept if the employment data looks weak tomorrow.
They should have done .25 this week and then said they were neutral going forward depending on data. Way better than 50/50 chance of slowing GDP and tick up in unemployment than a stealth spike in inflation coming in the near future.Economy still looks strong though. Powell missed inflation on the way up. He’s still looking good on the way down. Those who have been critiquing Powell and calling for cuts for a year or more(prof siegel) have been on the wrong side of the call.
I was somewhat joking and sure the market is overreacting to the weekly jobless claims. However, the market is demanding to get those cuts going. Even Powell admitted that he doesn't want to see the jobs market soften anymore.Economy still looks strong though. Powell missed inflation on the way up. He’s still looking good on the way down. Those who have been critiquing Powell and calling for cuts for a year or more(prof siegel) have been on the wrong side of the call.
I missed the jobless claims. What are the numbers?I was somewhat joking and sure the market is overreacting to the weekly jobless claims. However, the market is demanding to get those cuts going. Even Powell admitted that he doesn't want to see the jobs market soften anymore.
In other news, I closed my CURE and UWM positions this morning (my only leverage is now via QLD). 60-62% returns for both! I need to free up some cash in my Fidelity rollover IRA to reposition a few things, start adding FBTC exposure, and move my small-cap play to FS Insight's SMID cap stock list (which I am using in my personal account).
And maybe I should buy more ZETA! 😁
Yeah, that's a stupid article. Killing hopes for a rate cut? LOL! A weakening job market means more rate cuts and probably 50 bps in September.I missed the jobless claims. What are the numbers?
Edit: 249K vs 235 expected.
But I'm guessing these people at Quartz don't know what they are talking about?
The Dow closes 500 points lower as jobless claims rise and investors feel hopeless about interest rate cuts
A day after rallying, stocks were down on Thursdayqz.com
Just added some AMZN at the 172.5.INTC sucks. Sold that garbage.
Adding to AMZN(which is also down).
You needed more ZETA!I'm getting absolutely smashed today.
Outstanding results for AAPL! And pretty damn good for AMZN. Love to see AWS beating expectations.
I wish Zeta was my entire portfolio.You needed more ZETA!
Today wiped out yesterday! :)
A single stock portfolio and he picks INTC? Smart.
Should have waited, currently at 170.Just added some AMZN at the 172.5.
Maybe Oct or Nov calls to play the rebound?Should have waited, currently at 170.
Don’t worry. Great opportunity for him or her to buy more.
Seems a concern for AMZN, like for GOOGLE and Meta for a second, is AI spending. AMZN spent $30B in the first half of the year and expects to spend more then that in the 2nd half.Maybe Oct or Nov calls to play the rebound?
Hopefully there are more wealthy grandparents on the brink.Don’t worry. Great opportunity for him or her to buy more.
Gotta keep spending to make AWS and Amazon a big player with AI. No way around it. Jassy built AWS so we all know what his priority is. It's the growth engine of the entire company. Buy this dip like a MoFo!Seems a concern for AMZN, like for GOOGLE and Meta for a second, is AI spending. AMZN spent $30B in the first half of the year and expects to spend more then that in the 2nd half.
Says AMZN: "The majority of the spend will be to support the growing need for AWS infrastructure, as we continue to see strong demand in both generative AI and our non-generative AI workflows,"
Not sure how that effects the stock price for AMZN going fwd(kind of sounds good though), but I have to figure the AI infrastructure plays have another run in them.
Great stuff, thanks for posting. So, the market overreacted again? :)So looking at todays jobless claims number in context to historical numbers.
1)There does look to be a seasonal aspect to this. Something to do with the auto industry. This was the highest number since Aug last year. That obviously was not the precursor to a recession. Or even higher numbers. In 2022 jobless claims peaked July 30th with 229 claims and were back down below 200K in Sept. In 2023 they peaked Aug 5th with 258K claims, and were back to 200K by Oct.
2) Prior to 2014, jobless claim numbers below 300K were exceedingly rare. Just a handful of weeks each decade going back to about 1975. Is that due to change in policy? Maybe workforce participation?
3)There have been 7 recessions since 1972. There was a strong run up of jobless claims prior to 3 of those recessions, which on the surface one might say that doesn't make for much of an indicator. But of the 4 which did not see a jobless claim increase prior, one of those was Covid. Another the GFC. Another the oil embargo. And one quickly followed a previous recession in the early 80's. So, excluding the double dip, over the last 50 years years a steady rise in jobless claims, or a black swan event has preceded every recession.
I have a buddy that bought $500K of Intel few weeks ago around $30…changed his mind after few days and sold it all around $36 when it spiked. He dodged a HUGE bullet.
I don't have the guts to make a bet like that on a single stock. My company equity (options and RSUs) freaks me out. LOL!I have a buddy that bought $500K of Intel few weeks ago around $30…changed his mind after few days and sold it all around $36 when it spiked. He dodged a HUGE bullet.
I mentioned this earlier in the thread, INTC can have its moments but inevitably through various managements a big bust is around the corner. Now after a nice run a big bust has occurred again.INTC sucks. Sold that garbage.
Adding to AMZN(which is also down).
I have a buddy that bought $500K of Intel few weeks ago around $30…changed his mind after few days and sold it all around $36 when it spiked. He dodged a HUGE bullet.
They need to go tap another branch of the Jensen Huang/Lisa Su family tree. That family tree seems to know how to run chip companies haha.I was posting about Intel weeks ago.
Actual consumers and tech (vs financial) media watchers knew Intel products were a mess.
Their cpus were running like junk and physically corroding
Now they will cut 15-20k workers when the chip market is actually hot.
Just another US corporation tied-up in knots and tripping over its own feet.
https://www.theverge.com/2024/8/1/2...00-employees-and-will-cut-10-billion-in-costs
INTC desperately needs new leadership. Maybe SBUX and NKE are turnaround plays. Rough times for both companies, but they aren't going anywhere. BA is the same story.I mentioned this earlier in the thread, INTC can have its moments but inevitably through various managements a big bust is around the corner. Now after a nice run a big bust has occurred again.
You see my MO around here, it's usually the stocks that have taken a beating and getting crushed that I have more interest in. I'd take more interest in it now in the low 20s than when it was above 30. Elimination of the dividend of the qtr is a big minus for me though. As is, I'd see it as dead money for a bit even on a potential turn so a lack of dividend (who knows if short or long term duration) isn't helpful.
BA just named their new CEO who ran Rockwell Collins at one time and is supposedly moving the hq back to Seattle where most of the manufacturing is still done. People think that's a sign of a new emphasis on QC.INTC desperately needs new leadership. Maybe SBUX and NKE are turnaround plays. Rough times for both companies, but they aren't going anywhere. BA is the same story.
Good to know, definitely may be a sign. I have also been eyeing MCD, but I think the GLP-1s are a legit threat to its growth and that pressure isn't going to stop any time soon.BA just named their new CEO who ran Rockwell Collins at one time and is supposedly moving the hq back to Seattle where most of the manufacturing is still done. People think that's a sign of a new emphasis on QC.
They need to go tap another branch of the Jensen Huang/Lisa Su family tree. That family tree seems to know how to run chip companies haha.
With this thinking in mind I bought a bunch of SweetGreen this week and may continue to add. Hoping it will be a long-term Chipotle type of play. I also like Cava but missed the boat and not sure Mediterranean type food/diet is as appealing to all.Good to know, definitely may be a sign. I have also been eyeing MCD, but I think the GLP-1s are a legit threat to its growth and that pressure isn't going to stop any time soon.