Investing -- June 27, 2023

Locator: 45086ECON. 

Existing home sales: amazing, where you have to find this data! Link here.

• am I missing something? Or is this consistent with the recession we're already in? (asking for Charlie Munger).

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source. 

I'm lovin' it.

WBA: crushed. On an up day for the market, drops 10%.

• earnings out
• loses 10%; drops $3.15; trading at $28.45.
• missed expectations for the first time since July, 2020
• slashes guidance
• it will be interesting to see if WBA cuts its generous dividend, now paying 6.6% 
• the next dividend will be declared on/about July 20, 2023
  

Tech:

• having a great day;
• TSM: currently up $1.33 and trading at $101.33, in after hours trading last night, spiked to $106 -- but then we all know what that was about; phenomenon previously discussed
• most surprising? AAPL is up over $2.00 / share; up over 1%; trading at $187.35; market cap: $2.947 trillion. The formula for determining a company's market cap does not include the company's "cash on hand." But I bet there's a "number" / definition / analyst's concept that "includes both, in one way or another. It certainly affects the "buyout" or merger of a publicly traded company.
  

Others:

• SWKS: hmmmm.
• MSFT: growth expected to surge.
• KMI: raises dividend (old news); not sure if previously posted.

MSFT: growth expected to surge.

SWKS:

• some weeks ago I posted eight tech stocks, seven of which I was building a long-term position;
• I forget: it could have been 6/7 vs 7/8 but doesn't matter
  
• had started the process about a year or so ago, I suppose -- I called them the beaten-down tech stocks
• only one of the eight I was avoiding
• SWKS was one of the seven I was accumulating
• earlier this month (after I had already started building my position; the three:

• MaxLinear
• Skyworks Solutions
• Intel

SWKS: from the linked article above --

• a high-performance analog and mixed-signal semiconductor innovator that connects people, places and things.
  

• the company has been a leading player in developing wireless connectivity solutions, which has enabled it to gain prominence in the era of digitization and the Internet of Things (IoT).
  

• GF Value for SWKS is $171.91. In fiscal Q2 2023, Skyworks Solutions recorded revenue of $1.153 billion and an operating income of $273.3 million on a GAAP basis. On a non-GAAP basis, income was $386.1 million.
  

• the company managed to maintain its profitability and generated solid cash flow. Skyworks has demonstrated market leadership through strategic partnerships with major companies, such as Samsung and Cisco. These partnerships enable new capabilities and solutions in smartphones and enterprise networking. 

The writer failed to mention the relationship between Apple and Skyworks.

Ford: cuts, again. Link here. Cutting salaried employee and contractors worldwide. Minimal information released. Suggests huge costs associated with EV division. Link here. Ford up eleven cents today.