Friday — November 17, 2023

Locator: 46078HEADLINES. 

My favorite chart: update posted overnight. Break in trend. This is why this chart is my favorite chart. Posted on blog.

Housing starts: better than expected.

Ten-year dropping: under 4.5%.

Technology, personal: amazing. Particularly the iPad. Inside a case: a must-have.

Taylor Swift: contributed over $8.5 billion to US economy in 3Q23. 

• Next week, Monday, November 20, 2023: Kelce vs Kelce -- KC Chiefs vs Philadelphia Eagles.

Dow, pre-market: up strong at 5:00 a.m. ET.

Top investment story past 48 hours, re-posting: QCOM.

Personal investing: undecided so far today. At the moment, all major indices green. 

Pre-market trading. Considering: BA, AAPL, NVDA, WMT. ENB. MSFT. GLNCY. PXD. RACE. QCOM. ABBV. SCCO. Will buy no more than three of those being considered. Most unlikely, GLNCY, because it would be a new position but very interesting. [Later: bought MSFT, RACE, and SCCO.]

Must-read: Ken Fisher’s top 12 holdings. He’s like me, also. He’s serious about making money. Only he’s much more successful doing it. It’s noteworthy which one stock is not on the list of top twelve.

Stock in the news: MCD. Holy mackerel, lots of news affecting MCD.

Up almost $6 yesterday. Raising dividend almost 10%. Let’s assume you have only one stock: MCD. Let’s assume your only income is the MCD income and you make $100,000 per annum on this dividend. You just got a 10% raise in your annual income, taxed less than income from actual working. And indications are that this dividend acceleration will continue. History. $1.67, ex-date, November 30, 2023. Payable mid-month December.

Inflation: update for investors. In the big scheme of things, it was transitory.

What recession? Consumers still have plenty to spend. Barron’s. An incredibly long article. 

Tea leaves: holiday spending will be much more robust than folks currently think. Key data point: everyone has a job. Second key data point: retailers will market (advertise) heavily. Third data point: the Fed won’t be the Grinch this year. Watch luxury car sales surge. Regional banks may be in better shape going forward with the Fed on pause.

IRA for rural, red America: link here.

D. R. Horton: don’t know if this is a story or an ad. Looks like an ad. Caught my attention due to builder’s success in Texas..

Volvo shares plunge: down 14% as Chinese owner Greeley sells off stock. This EV fad is an unmitigated disaster.

CHPT: recently volatile, but one-year and five-year charts, horrendous.

Enbridge: more solar.

Wind: key supplier of wind turbine blades faces big losses.

Its problems are both industry-related and self-inflicted. Sales are on track to fall 40% this year because wind turbine installations have slowed in key markets. Quality problems forced TPI (ticker: TPIC) to repair wind blades it had already sold, leading to tens of millions of dollars worth of expected warranty charges. A customer bankruptcy shaved nearly $23 million off adjusted earnings. 

The stock, which peaked above $70 in 2021, has cratered 70% this year and now trades for $2.56. 

The bond market is also flashing warning signs. A TPI bond due in 2028 is trading for 43 cents on the dollar, with a 28% yield. “Certainly, liquidity is concerning,” said Evercore analyst James West.

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.