I keep hearing about their new steak offering. Apparently it's a big innovation.
OT: Stock and Investment Talk
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You didn't say "my" or "x group" or "y group" or "folks in in the top __ %" went up by as much as 500k. You said "most middle class people". Which is so laughable I can't believe you've responded without a correction.
I ended up selling $125 covered cals on CAVA today expiring next week and bought $116 puts. I think there maybe a 5-10% pullback. I didn't sell any of my holdings even though I am up almost 60% in about 3 weeks.
Credit card dept relative to GDP as well as to disposable income, is pretty low.
A Trillion in Credit Card Debt Doesn’t Mean Consumers Are Tapped
When big round numbers strike, don’t forget to scale.
Which is a bit of an acknowledgement that inflation started in 2020, even if it wasn't reflected in the official numbers.
Which makes sense given that was the high water mark for gov't spending in this country.
+1Credit card dept relative to GDP as well as to disposable income, is pretty low.
A Trillion in Credit Card Debt Doesn’t Mean Consumers Are Tapped
When big round numbers strike, don’t forget to scale.www.fisherinvestments.com
CC debt is below historic norms (based on household wealth).
It was a crazy time with skewed results in '20. Especially in real estate. City real estate flat or down. Suburbs and exurbs shot up. And a lot of government spending as you said.
I had to look back on Zillow but the next door neighbor put his house for sale late 2019 for $475k and sold it below list price $455k in early 2020. House was listed in late 2021 for $589k and sold $645k in 2021. No major work done. Now estimate is $835k.
I went heavy on CMG around $49. Also jumped into SG and BROS. I think CAVA is a winner to grab after a pullback. I was also looking at Portilo but not sold on the concept although Engaged Capital taking a 10% stake with the intent of running the shake shack activist playbook makes it interesting. Looking at the shake shack chart hard to believe i broke even on my position in the $40s a few years ago - too impatient
Been a ton of talk about the seasonality of Sept recently. Historically the worst(and I think most volatile) month of the year.
But I wonder if so many are aware, and positioned for it, and with the added twist of the first rate cut coming in Sept, that this year could be the anomaly. The economic data points would have to come through, and world events would have to remain quiet, but I think there is a setup for a surprisingly quiet Sept.
Might buy some VIX calls just to spill some blood for the market gods, keep those guys from getting all cantankerous.
But I wonder if so many are aware, and positioned for it, and with the added twist of the first rate cut coming in Sept, that this year could be the anomaly. The economic data points would have to come through, and world events would have to remain quiet, but I think there is a setup for a surprisingly quiet Sept.
Might buy some VIX calls just to spill some blood for the market gods, keep those guys from getting all cantankerous.
Its also an election year which is historically good for the market. OTOH, the first year after an election is historically not great for the market but with, hopefully, multiple rate cuts coming, the market will react differently.
Tom Lee and JB routinely say that awareness and knowledge can break trends/norms. Obviously, events are events and can't be predicted, but all signs point to the bull market continuing long-term.
Stonks are stonks election year or not.🚀📈
MSFT sits safely 11% below its all-time high and will likely grind back up slowly but surely.
Wouldn’t be shocked if it isn’t until 2025 that new all time highs are set…but that’s OK. Will some firms disappoint in monetizing AI? Absolutely. But it doesn’t appear that MSFT will be one of those firms as they leverage their relative dominance in business services to try to capture more of the fickle individual “consumers” interested primarily in search.💎🙌
AI chips you say? MSFT is workin’ on ‘em.
BTW, a stonk smells like wet relatively new leather hockey gloves…pungent and distinct but not unpleasant and actually somewhat comforting.
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Just sold a fraction of my DEFTF at 2.21 (cost basis is .69). I fully expect another bounce for the next quarterly report in November. Lots of positives in play for this stock. Already locked in a profit after 2 sales and what I still own is all house money.
Forbes today lays out AIs floppery
I've said that "AI" is mostly hype. For years many things now considered new "AI" are just old AI
with some beefier spyware - erm - hardware. The real push for AI was from government. Elements of gov want to beef-up data storage, pattern recognition, censorship, tracing finances, CBDC etc. See Europeans/UKers getting busted for posts? Telescope CEO? That's what's coming. MS, Google et al will be saving screen caps and calls (indexed) - Windows 11 has keylogger - its "all for you." The global censorship is driven by US via NATO ties.
Private AI could have some uses but keep in mind the early stuff will be obsolete pretty quick. Waiting pays off imo.
"According to a report by the U.S. Census Bureau, there are some indications that AI may not be the game-changer it was promised to be. Let's explore five key takeaways from the report and what leaders like you can do to be more strategic about AI adoption.
Limited Adoption Across Sectors Due to Inflated Expectations
You might assume, given the fervor around AI, that industries across the board are rapidly integrating these technologies. Despite the excitement surrounding AI technologies, actual use remains surprisingly low."
I'm thinking of a short-term call play for MRVL. All signed point to NVDA and MRVL having big time earnings this week. MRVL may get a double bounce.
There is some truth to old v. new AI. My company was using AI and Machine Learning for years albeit in limited use cases and with weak adoption. Now, it’s SOS but people are finally listening internally and more open to using it for applications/services. It’s definitely not hype but will take much longer than people think before it really impacts our lives.
Done deal:
Fed most likely to cut rates by quarter percentage point next month, Daly says
(Reuters) - San Francisco Federal Reserve President Mary Daly on Monday said "the time is upon us" to cut interest rates, likely starting with a quarter-percentage point reduction in borrowing costs. Asked if there is anything that could derail a rate cut at the U.S. central bank's Sept. 17-18 policy meeting, Daly told Bloomberg TV that it "would be hard to imagine at this point."
Fed most likely to cut rates by quarter percentage point next month, Daly says
(Reuters) - San Francisco Federal Reserve President Mary Daly on Monday said "the time is upon us" to cut interest rates, likely starting with a quarter-percentage point reduction in borrowing costs. Asked if there is anything that could derail a rate cut at the U.S. central bank's Sept. 17-18 policy meeting, Daly told Bloomberg TV that it "would be hard to imagine at this point."
@rurahrah000
Any thoughts on PDD earnings today? It was a trainwreck on guidance, but there is speculation that they were overly conservation and perhaps sandbagging. Down 25% today. Buy or wait?
Any thoughts on PDD earnings today? It was a trainwreck on guidance, but there is speculation that they were overly conservation and perhaps sandbagging. Down 25% today. Buy or wait?
CAVA down a little under 10% premarket on news of insider selling.
Cava Group shares dip as insiders file to sell By Investing.com
Cava Group shares dip as insiders file to sell
www.investing.com
I wish I didn’t hate China plays so much because PDD may be at a good entry point.
What’s the next big thing now that the AI trade/hype is probably taking a breather. I own NVDA but didn’t benefit to the tune of 3000% because I was too stubborn/conservative and got in late.
My gut tells me robotics/humanoids may take a page out of the AI handbook. Would make sense that hardware like robotics should be huge beneficiaries. However, I can’t buy Tesla purely on this basis. Anyone know this space at all?
My gut tells me robotics/humanoids may take a page out of the AI handbook. Would make sense that hardware like robotics should be huge beneficiaries. However, I can’t buy Tesla purely on this basis. Anyone know this space at all?
I wouldn't feel bad about NVDA or any other stock that goes to the moon and beyond. Unless you're an insider or know someone who is an insider, gains of that magnitude are largely based on dumb luck for the average Joe Retail imo. I've owned NVDA for a very long time and I sold off 2/3 (1/3 and 1/3 on separate occasions) of it when it was going parabolic. I was already being greedy holding it to that point but it's still been on a tear since. The 1/3 I'm still holding dwarfs the extremely good gains from the 2/3 I sold but there's nothing genius about it, just got lucky as hell.
Say like LLY now, unless you were in on developing these weight loss drugs and even if you were, who is to know for sure they would take off on the level they have. It's hard to predict with any certainty.
I remember in this thread awhile back some were saying those marijuana stocks would take off with legalization etc..I don't pay attention to them because they don't interest me but I haven't seen any news about them taking off to the moon like NVDA or LLY on smaller scale.
So if you happen to be on board when the rocket ship blasts off, enjoy the ride but if not, there's nothing to feel bad about. Hard to predict with any certainty which rocket ship will take off to the moon and beyond while others stay grounded or orbit the earth.
I wonder if the selling was predetermined and preplanned via Rule 10b5-1, which would likely be less “alarming.”CAVA down a little under 10% premarket on news of insider selling.
Cava Group shares dip as insiders file to sell By Investing.com
Cava Group shares dip as insiders file to sellwww.investing.com
I don't know. Was there any big insider selling after the lockup period expired (usually 6 mos after IPO), if not maybe this might be the selling from insiders looking to cash out a bit?
By the way, doing well with GEV so far, still eyeing GE. However, hasn't been a good dip lately. Just chopping around close to ATH which is normally bullish.
FWIW, I hear you but I was simply looking for ideas and testing my robotics/humanoid investment pitch. I’m not sweating that others got rich off NVDA. I’d prefer an investment idea not a lecture :)
I know it's been holding that 160 level. No opportunity for me to get back in. I've been surprised at the ease in which it broke the level which was like 8 year resistance and especially considering the run it was on prior to breaking it. You'd think some breather or pullback but not really much of one.
Now it's been holding it for the most. The last time it actually broke was a couple weeks ago during that drop in the markets where it went down to the low 150s (an actual break, don't consider high 150s a break) but it was only intraday and closed back up in the high 150s later that day. I was almost tempted to get back but I didn't because I'm looking for mid low 140s handle to possibly start to step back in. It's still worthy imo but just considering the prior big run, the ease it which it broke and has held long term resistance is surprising to me.
GEV is another one I'm having a hard time finding an entry point because no freaking real pullbacks also except during that drop in the market. It bounced off its exponential 200DMA (stock hasn't been public for 200 days yet). Seems to be hovering and bouncing around its 50DMA for the past couple months outside of that interim drop.
I got in on GEV at $160-161 via that silly dip due to the windmill issue. Back up to $186 today. No similar opportunity for GE yet.
Looks like preplanned sales ostensibly with no material non public info.
I jumped in today. Saw the line at CAVA in Bridgewater last week and figured I’d bite especially since I was annoyed I almost pulled the trigger at $78 not long ago. Although now I’m probably getting a bit heavy in fast-casual with positions in SG, CMG, CAVA, and BROS.
And democrats told us Biden had no control over the economy. Are you saying he does have control?
Are you admitting Reaganomics is a success?
The bottom 50% who Biden claims to represent own almost 0 stock. Do Dems now represent the top 1% who own most of the stock?
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I don't know if we will see anything negative in the earnings itself, I think if there is any negative fallout it will be in the guidance.
Side note. PANW which popped initially on earnings, has given most of that up since.
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