CNBC -- Cramer's First Hour -- Clearing Out The In-Box -- August 12, 2024

Locator: 48387INV.

Recession! What recession? Come on .... Brian Sozzi, Executive Editor, Yahoo!Finance. Link here. 

All this recession talk feels like BS to me, an excuse to shake out the average investor so institutional players could get back into high-flying names at cheaper prices. Everyone does know that a recession often means negative economic growth, right? Or a significant slowdown in the economy that lasts quarters or even years?

So the US economy is going to go from 2.8% second quarter GDP growth and a long period of steady expansion to slightly negative growth or worse sometime within the next six months? An economy still creating a good clip of jobs each month is going to begin producing job losses in the near future?

Where is the evidence to support this? What's the trigger for it? Don't hit me up on X, formerly Twitter, and say it's interest rates because the economy has been doing just fine during this high rate period.

Lost in recession BS this week was an ISM services report, which includes data on business activity, new orders, employment, and supplier deliveries. The index clocked in at 51.4%, up from 48.8% in June.

Numbers over 50% are seen as positive for the economy. Most companies in the report said business was either flat or expanding gradually.

Then, initial jobless claims totaled a seasonally adjusted 233,000 for the week — a drop of 17,000. The Street was looking for a print of around 240,000.

EPD: three momentum stocks. 

Nvidia: the AI chip delay isn't worrying Wall Street. Earnings to be reported August 28, 2024. 

Samsung Galaxy Book4 Edge: beauty before brawn. The Verge. 

Qualcomm’s latest Snapdragon chips have quickly turned Windows on Arm into a viable platform. We’ve tested over half a dozen laptops with the new processors, and even the least powerful chip matches Intel and last-gen AMD on CPU performance and beats them on battery life. But I’ve been eager to get my hands on a laptop with Qualcomm’s fastest Snapdragon processor to see if it can do even more. I got to see the high-end model in action back in April on a demo machine, and it seemed like it would be the chip to help usher in a new era of faster, more power-efficient Windows PCs and take on Apple’s MacBook Air M3 in a way that Intel or AMD hadn’t been able to accomplish.
 
That chip — the Snapdragon X Elite X1E-84-100 — is only available in one Copilot Plus PC: Samsung’s Galaxy Book4 Edge. It’s Samsung’s thinnest and lightest 16-inch laptop, designed for everyday web browsing, a mix of business- and creative-focused work, and running Windows Copilot Plus AI apps like Live Captions and Cocreator. The Edge has similar features to the Intel-based Galaxy Book4 Ultra, like an AMOLED display and a fingerprint reader, but it also offers faster ports and faster Wi-Fi.

The X1E-84-100 chip is supposed to be up to 20 percent faster than the next model down. Samsung had a chance to make the laptop that could show the platform’s full potential. Instead, it underpowered the hell out of that chip to have the thinnest chassis possible. There’s still a good laptop in the Book4, but you don’t need to buy the best chip to get it — and you’d actually be better off saving the cash.

Apple Maps on web now supports Firefox browser. Link here.

Intel: bringing GPUs to cars. Link here.

Theme for the day: there are two things you can't fight -- a) the Fed; and, b) natural gas. Can we add a third? Nividia, link here. NVID up over 2% today.

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Cramer: Monday -- First Hour

Pre-market: all major indices green, but not by much; muted Monday.

Hyperscalers: Cramer wants to eliminate this term. David Faber suggests "planet eaters."

Personal investing: Sophia is looking at any of the seven mag-7 companies, CHRD, or NOG; AMZN or WMT.

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Disclaimer Briefly 

Reminder

• I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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.
• Reminder: I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple.