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Tuesday, October 19, 2021

Notes From All Over, Let's Go, Brandon -- October 19, 2021

Netflix: apparently a great quarter; I came to the conversation on "Fast Money" late, but panelists are using some strong adjectives to describe NFLX

  • the quarter's subscriber growth of 4.4 million was a solid beat over the expected 3.84 million
  • beat on earnings
  • came in line with revenue
  • is trouncing competitors
  • Netflix is beating Disney when it comes to younger demographics and gaming
  • the meme is that Disney has the lock on this demographic and gaming; turns out to be not true
  • and Netflix is growing that advantage
  • this is so funny - it was a lark a decade ago (?) that my very first "the next big thing" was Netflix

Bitcoin: continues to surge.

  • first ETF approved by SEC today;
  • up another $2,765;
  • now trading over $64,000;

Covid-19:

  • pregnancy: folks may want to google news in past month; I'll get back to this later with links;
  • vaccine rollout: have the numbers peaked? preliminary data suggests Biden's mandate is crumbling;
  • Southwest airlines: blinks
  • US Supreme Court: trifecta; three out of three; won't stop mandate; first-time state mandate challenged; anti-vaxxers fail; but court has not made "final" call

Apple:

  • the reviews and stories are still coming in;
  • one word: revolution
  • will take awhile to get caught up

United Airlines

  • shares popping after hours
  • a loss for 3Q21 -- but less than expected
  • won't know when the company will turn a profit
  • loss, 3Q21: a loss of $1.02 vs a loss of 1.67 expected
  • revenue: $7.76 billion vs  $7.64 billion expected
  • fuel cost up 63% since last year -- let's go Brandon 
    • can't pass full cost of fuel to consumer any more?
    • perhaps some / most of the cost but not not all
    • looks like fuel surcharge coming
  • negative margins
  • up 2.2% in after hours trading
  • still with huge debt problem

Mexico:

  • to energy companies in "USA SW": adios, hasta luego
  • to energy companies in Texas: hola!
  • link to Platts; maybe more later

Cramer: opening monologue -- telling folks not to freak out with regard to inflation; he thinks there are four sectors that are inflation winners:

  • energy
  • financial
  • technology
  • drug companies

energy:

  • first four or five were his first four or five; "if there is a down day on the market and you don't buy three of these, you're an idiot (or something to that effect; I forget the exact word he used):
    • Devon
    • Pioneer
    • Cheniere
    • Tellurian
    • EPD -- Cramer says he absolutely "hated" pipeline companies and said he would never invest in them again; now, he says one can't ignore the pipelines, giving special mention to two
    • Williams
    • Coterra
    • Schlumberger: gold standard; after HAL's numbers today, expects good numbers from SLB later this week;
    • Chevron
    • Halliburton

financial (banks):

  • BofA
  • Morgan Stanley
  • Wells Fargo: a wild card; turnaround play

tech (he had two groups):

  • first group
  • Adobe
  • workday
  • salesforce
  • AWS
  • Microsoft
  • second group
  • Nvidia
  • AMD
  • Lam Research
  • Paloalto
  • Applied Materials
  • Snap,Inc
  • Facebook
  • Crowdstrike
  • Cloudflare
  • servicenow
  • Snowflake

drug companies (those with new products):

  • Lilly: new Alzheimer's drug
  • JNJ

others:

  • WMT
  • Proctor and Gamble: ability to raise prices

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