Locator: 46869ECON.
Inflation to grind higher. No longer “sticky” at 2.8%.
Fed rate: talk will turn to higher rates.
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Hess: 1Q24
Are folks paying attention? Look at the y/y increase in net income. Wow.
Let's see:
- production, y/y: 27%.
- income, y/y: 146% (no typo)
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An Apple Misstep?
There are certainly indications that Apple / Tim Cook misstepped with regard to memory upgrades. Tim's logic may have protected margins but probably cost the company bragging rights. I doubt the average consumer even paid attention but Apple's policy with regard to memory upgrades was certainly not helpful. One gets the feeling Tim hates paying thirty-party vendors when he can get same/better results with other methods.
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Personal Investing
No change in strategic investment plan.
Am closing out my KMI position over next few week to simply streamline my portfolio; will continue to build CHRD position.
No recommendation. See disclaimers.
For extended family member concerned about AAPL: today would be another great day to sell some shares in APPL. Comment made for one single individual.
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