Double beat and solid guidance for PANW. Happy I bought the dip earlier this year!
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
High yield savings acct dropped from 4.75 to 4.65 apy. So interest rates are already dropping.
I added SAA to this particular account (which already had VB as the main small-cap play). The options via Fidelity were super thin, regarding choices and volume.
Not too familiar with IREN. I see it is a miner/data play from Australia. Very good analyst reports and forecasts on the company. I'll check it out.
What a surprise
finance.yahoo.com
Fed confronts up to a million US jobs vanishing in revision
Fed confronts up to a million US jobs vanishing in revision
(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. Most Read from BloombergA Floating Island in Baltimore Raises Hope for a...
I don’t rates is the driving force here. We need to see how the new realtor rules will affect the industry. I can envision a scenario where companies like Zillow, Redfin, etc can create an industry where it is one stop shop for buyers and sellers. But the profitability remains to be seen.
BBAI up more than 30% in after hours on news of a big defense deal.
SOUN has been on my watch list for a while. Is this a good level to buy (about $5)? Analysts are bullish on the company.
I would buy SOUN, BBAI and CXAI here. I will tell you though that all these companies including PLTR are extremely expensive. Other than PLTR, they are very, very speculative.
I was looking at SLB recently but it fell off my radar. I may jump in here too at these levels. It seems like one of the better energy plays at this valuation.
So many are talking up gold of late. Even after the record run up. With that, I've sold my position in gold via AAAU.
Context: I'm fully retired. AAAU was a very small % of my holdings for a couple years. As you may know, Dalio's "all weather portfolio" of non-correlated investments calls for 7.5% in gold. I'm not an AWP proponent, per se. But do see some merit in it in retirement.
Context: I'm fully retired. AAAU was a very small % of my holdings for a couple years. As you may know, Dalio's "all weather portfolio" of non-correlated investments calls for 7.5% in gold. I'm not an AWP proponent, per se. But do see some merit in it in retirement.
There is so much disruption that needs to happen in the real estate market in order to break the legacy expenses like broker fees, title insurance, recording fees, etc. I’m in search mode for a pleasure/investment property and use Zillow as my starting point. It’s a great platform. Also seems like property transfers and recording process could serve as one of the strongest use cases for blockchain tech - reduce fraud and costs.
I think rate cuts very much play into the Z story.
The ding from the realtor rules(march of this year), as well as the fines(Nov 23) are, I think, already in the stock(See the charts).
I own it. I also own COMP, which also took a hit when the above were announced, but is on a good run of late(still needs to break out past $5 after being stuck below that level for a couple years).......as we get nearer to the rate cuts.
If there is an area that is being restricted by the current interest rate numbers, it is the housing market (as well as home improvements, both those that come along with housing sales, but also those of incumbents who rely on equity loans to make those improvements). As we normalize rates over the next 12-18 months these stocks I think should do well, assuming no recession of course.
With so many governments/central banks buying up gold, it's likely the demand will continue to push it higher. I've seen estimates of $2800-3000.
WOW. Target goes BOOM. Maybe they finally turned the corner.
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so for the past year the govt has been lying about jobs numbers?? Shocker. every month was a beat over expectation lol!! now millions of of jobs wiped away that didnt even fukking exist.What a surprise
Fed confronts up to a million US jobs vanishing in revision
Fed confronts up to a million US jobs vanishing in revision
(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. Most Read from BloombergA Floating Island in Baltimore Raises Hope for a...
The high estimates were up to a million(not plural). The lower estimates were 250Kish.
And some of those jobs that won't count, likely a large % of them, do exist, they are just off the books immigrants. A topic which isn't really relevant to the discussion here.
Gov’ment job numbers always seem to be revised downwards. Probably just a coincidence. :)
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When will the official numbers be released today? Will be interesting to see the extent of the coverage.
"Shares of Target Corp. (TGT) rocketed 13.5% in premarket trading Wednesday, after the discount retailer reported a triple beat for its fiscal second-quarter and raised its full-year profit outlook, citing improving trends across discretionary categories" Actually up 16% now. There was some thought that WMT's good numbers were going to be at the expense of other retailers. TGT's report debunks that theory.
Similar story for TJX. Beat with raised guidance.
Consumer remains strong.
Macy's is the outlier.
It's just how the numbers are collected. Kind of like OER, the gov'ts methods for collecting information is not ideal.
If the economy has been weaker then thought(but still growing) then the fed would have cut earlier, which would have sparked the economy.
So I don't think the nefarious intent theory holds up to scrutiny.
Macy's has been a crap company for at least a decade. Their problems are internal - past and current leadership.
And yes, the customer is rock solid.
Do note that, according to this article, jobs were revised upwards by 462K in 2022. And the biggest negative revision in the previous 6 years came in 2019.What a surprise
Fed confronts up to a million US jobs vanishing in revision
Fed confronts up to a million US jobs vanishing in revision
(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. Most Read from BloombergA Floating Island in Baltimore Raises Hope for a...
Regarding OER. Where did I recently see this? Definitely a YouTube video (Compound or one of the others I watch). The US is one of the few developed countries that use OER in inflation data. Most EU countries and Japan scrapped it a long time ago. WTF? Are we really this stupid?
They just never got in tune with the younger generation.
I wonder if this whole round of inflation, and the spotlight it has put on OER, will make us change our methods.
But they can't really do it mid cycle. Have to play this all the way out, let it settle, then modernize. Imo.
Very true. And they took on massive debt. My MIL worked retail all her career and ended up in HR for Macy's in NYC. Some of her stories of Macy's gross incompetence are shocking.
Good idea. What about homebuilders? Maybe calls in the sub-sector ETF? Sounds like with rates going down and likely some political wind to the back of building new houses, homebuilders should perform well.
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