Oh, before I get started and before I forget. Announced today: Buc-ee's and Mercedes have partnered to put in EV charging stations at all Buc-ee's service stations. Apparently there are 34 Bucc-ee's in Texas and twelve across the rest of the US -- mostly between here and Nashville / Chattanooga. Bucc-ee's goal is to have EV charging stations at 31 of their 46 sites.
Folks whose alma mater is Harvard / Radcliffe really are something special.
Over and over and over when reading the wiki bio of someone that captures me attention, that person attended Harvard. Not MIT. Not Yale. Not Princeton. But Harvard. It's truly amazing.
For traders, maybe investors, according to experts -- the best time for money managers to start getting out of cash is two months before "the Fed pauses."
If that's accurate, traders should have started getting out of cash two months ago -- LOL. Investors still have a bit of time, though if investors weren't fully invested one week ago (I'm talking to Warren Buffett and his horde of cash, earning what -- maybe 5%?), those investors certainly missed a huge two-day surge. Shoot, just putting that $150 billion into TGT a week ago would have earned Buffett 17% (about $25 billion) overnight.
Tech companies like Apple need a huge hoard of cash, or second best, access to a huge hoard of cash. If you know, you know.
Mutual funds, hedge funds, investment companies have no excuse for holding large hoards of cash. There, I've said it.
And I know I'm correct.
**************************** Reverential
That's the word that flashed across in front of my eyes when this song came up in rotation.
I grew up on the Missouri, but never paid much attention to it. I never knew how lucky I was.
And then over the years, the Mississippi River crossed my mind many times, but I don't ever recall much about the Mississippi but I obviously came in contact with it a few times during the years.
But now that we have a granddaughter at Vanderbilt, we have cross the Mississippi River numerous times on our cross-country trips to visit her. Each time we cross the river, it seems more magical, more sublime.
When Arianna graduates and moves on, it's very possible we will never cross the Mississippi into Tennessee again. Memories will be bittersweet.
Every time I hear this song, I will think of Arianna, Nashville, yesterday and the river. One wonders about Mark Twain and Ulysses S Grant.
Applied Digital Corp. has broken ground on its first 100-megawatt
high-performance computing facility that will be located about 1 mile
west of Ellendale.
The announcement was made Tuesday, Oct. 31, on Applied Digital’s website.
The
facility is designed and built for artificial intelligence workloads
such as generative AI, natural language processing, machine learning,
rendering and traditional high-performance computing applications.
There will be 80 megawatts of IT (information technology) load but it's
designed so that every rack in the building can be within 30 meters of
the network core.
crude oil inventories: 439.4 million bbls; increased by 3.6 million bbls w/w; 2% below average
imports: 3.3% more than y/y
refiners: 86.1%
distillate fuel inventories: 13% below five-year average
jet fuel supplied: up 14.0% y/y
Report from November 1, 2023:
crude oil inventories: 421.9 million bbls; increased by 0.8 million bbls w/w; 5% below average
Back-of-envelope:
there was no report last week
API reported a huge build in crude oil supplies last week;
let's see what EIA would have reported
November 15: 439.4
November 8: ?
November 1: 421.9
November 15: up 3.6
November 8: 439.4 - 3.6 = 435.8
November 8 435.8 - November 1 421.9 = a whopping build of 13.9 million bbls which was in line with the API data and this was the week EIA decided NOT to issue a report suggesting they need to revise their definitions and formulas:
**************************** Back to the Bakken
WTI: $77.52.
Thursday, November 16, 2023: 120 for the month; 120 for the quarter, 690 for the year 39586, conf, WPX, Spotted Rabbit 14-23HI,
Wednesday, November 15, 2023: 119 for the month; 119 for the quarter, 689 for the year 39852, conf, SOGC (Sinclair), Hovden Federal 5-20H,
Much like their upstream counterparts, midstream companies have shifted
to fiscal conservatism over the past few years, focusing less on growth
and capital investment and more on shareholder returns, acquisitions and
debt reduction. But there are significant differences between the
strategies of midstream companies set up as traditional corporations, or
C-corps, and those established as master limited partnerships, or MLPs.
In today’s RBN blog, we continue our short series on midstream company
cash flow allocation with an analysis of their reinvestment rates vs.
their shareholder payouts.
And this is why it's literally impossible for mom-and-pop "traders" to beat the traders on Wall Street. I saw NVDA fall this a.m. -- it was "UP" a few minutes earlier and TECH stayed UP suggesting something strange was going on with Nvidia.
Now we know.
So, today, personal investing. Just a note. I am now reporting all my "buys" and "sells" on the day I make them.
Today:
bought WMT
bought CHRD
bought NVDA -- a nice opportunity; I had not planned to buy more NVDA today
I did not buy a second tranche of BA as planned yesterday; I will wait for the market "to settle down";
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.
So it appears, one could have bought SCCO and handily beat BRK. And collected hefty dividends from SCCO along the way. Just saying.
We won't even show the BRK-NVDA comparison. I don't want to get too depressed.
