TILT: BRK And ABBV -- February 22, 2024

Locator: 46872INV.

NVDA: added $246 billion in one day. $245 billion = Netflix ($254 to be more exact).

BRK: record cash horde: $152 billion. 

• PARA: selling down Paramount. Josh said "buying PARA was a huge disaster." I said the same thing at the time. 
• a reminder: BRK was also very, very late to APPL.
  

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Supermicro (SMCI)

Market:

• up 30% today -- in one day, up 30%
• up 225 points; trading at $961

If one reads 10-Ks all day long, how was this one missed? Or was it missed?

• market cap: $55 billion; isn't that about the amount BRK paid for BNSF years ago?

Probably a lot has to do with a short squeeze.

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Rivian

Rivian: being destroyed today. 

Down 25% today. Are you kidding me?

We'll get back to EVs later. The fog is starting to clear.

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Abbvie

Need we say more?

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LNG 

Why two analysts on "Half-Time Report" don't like LNG:

• it's hard enough to make money on oil due to it's volatility; LNG is even worse;
• the US is awash in LNG -- sure, big markets (Asia and Europe) but those markets exist now, and US LNG is selling for $1.50