Re-Capping A Wild, Wild Monday -- May 2, 2023

Locator: 44518EVs.

Walgreen's: best little, local retailer in my neighborhood;

• a shout out to Cheryl
• incredible customer service
• they have a customer, me, for life
• maybe more if I get caught up
• by the way, that's part of the reason why I started a position in WBA this past year (full disclosure)
  

EVs: wow, talk about a bloodbath yesterday (except for China's BYD). [Later: the bloodbath continues into Tuesday, May 2, 2023, along with a steep drop in the overall market as traders wait for "the Fed's" decision (what a crazy way to invest; I guess for traders -- to bet on JPow -- might as well go to Las Vegas -- I wonder if this is how Warren Buffett does it?).]

• RIVN: concern that even Amazon's support is not enough; down 1.33% yesterday; down 60% over one year; link here.
  
• RIDE: talking bankruptcy; link here; shares plummet; down 23% yesterday; down 81% over one year;
• FSR: down 15% yesterday; down 47% over one year;
• ARVL: down 10% yesterday; down 98% over one year;
• GOEV: up 2% yesterday; down 84% over one year;
• LCID: down 8% yesterday; down 62% over one year;
• BYD: unrelenting. In China has it come down to BYD vs TSLA? If so, TSLA will lose.
  

BP: 

• I've never seen so many "interpretations" following an earnings report; 
• some say "good" to "great"; others say, "awful."  
• one link here but many, many more if interested. I'm not. Can't make up its mind about going green.

NVDA: story of the day. 

If you've been building your position in NVDA for the past couple of years, you're feeling good now. Link here and so many more. Have fun.

Surprise?

• META and WBD. 
• Catalent and Intel (INTC). 
• Wow. Link here. 

Anticipation:

• F
• MPC
• CRC
• SBUX
• AAPL
• so many more.

Car theft?

• NYPD is encouraging car owners to install Apple AirTags; link here;
• isn't this sort of a no-brainer?
• also, put AirTags in the tennis shoes of your toddlers.

Dollar: Russian and India. This didn't turn out well.

Tax season: the rich are fleeing high-tax states?

• why? Because they can.
• link: https://www.foxbusiness.com/economy/major-blue-states-hemorrhaging-adjusted-gross-income-residents-flee-irs-data-shows.
• I wish I had more time to talk about this; this is a big, big deal.
• the numbers at the link are quite amazing;

BUD:

• fire two marketing executives
• return to "business as usual"
• that's not gonna work
• lessons in how not to respond to a PR debacle.

DIS:

• another "BUD"
• Iger has his hands full
• on top of everything else, now Hollywood writers will apparently go on strike
  
• this may be the biggest business story of the year: DIS
  

US money:

• US Treasury
• The Federal Reserve
• JPM
• that's all you need to know for macroeconomics.

And the phrase: "too big to fail."

• we're talking about JPM, not the US Treasury
• looking at a default over the three-day weekend
• can JPM bail out the US government?  
  
• of course it won't happen. LOL. "It" being a US default.
  

And finally, the NBA:

• schedule
• we're down to the conference semifinals
• then the conference finals
• then the NBA championship
• look what happened;
• western conference:
• #1 vs #4 as it should be: Nuggets vs Suns
• #6 vs #7: are you kidding me?
• #6 Warriors outlast #3 Kings
• #7 Lakers -- yeah, #7 -- shouldn't even be in the playoffs, take out #2, the Grizzlies
• but it's worse: eastern conference:
• #5 vs #8 -- again, wow
• #5 Knicks taking out #4 Cavs -- okay; but,
• #8 Miami taking out #1 Bucks?
• #3 76ers vs #2 Celtics -- okay