Cramer -- First Hour -- CNBC -- August 13, 2024

Locator: 48395CRAMER. 

Second Hour: Sara Eisen

Starbucks: up 21%. Chipotle CEO for six years moves to Starbucks. Problems at Starbucks:

• slow service
• high prices
• quality issues 

Starbucks: when it's easy to spend $9 on coffee and a pastry, it's easy to see why 20-somethings are gonig to Chipotle, where entrees start at about $9. Absolutely no comparison. 

Chipotle: down almost 14% on the news. Interim CEO in place. 

Nvidia: up almost 5%. 

Holy mackerel! AAPL up nicely! 

Tesla also having a great day.

First Hour: Cramer

Musk - Trump interview: a bust. Two hour mini-rally. First twenty minutes on assassination attempt. Nothing substantive.

Starbucks: most of first hour on Starbucks, new CEO. Starbucks hires Chipotle's CEO. This will be the subject all day, and will be the lead story for Cramer tonight on "Mad Money." Of no interest to me. Ticker: Starbucks up 17% pre-market. Chipotle down 10% at the open.

Dell: wow, wow, wow -- completely missed this -- I thought Dell was a Wall Street darling after comments by Nvidia's Huang Jensen -- if you thought Dell at $160 was great, you'll love Dell at $95. Fortunately I never bought into the hype (but, I have to admit ... I almost did). In fact, I called Dell nothing more than an "assembler." Ticker:

NVDA: up 4% pre-market.

Personal investing: big, big week for Sophia. Mag-7. Will add to positions to balance out across the seven. Amazon is most difficult to buy -- no dividend. With PPI coming in lower than expected today, is it time to add UNP, CAT? From July 20, 2024 -- link here:

OXY: down another 2% at the open. 

Chevron technology: a break-through or hype? Link here.

The technological breakthrough represents the first time the industry has seen successful production in the U.S. Gulf of Mexico, where drillers encounter significant subsea pressure that has until now evaded new technology, according to Chevron.

The new high-pressure technology is capable of operating at 20,000 psi and can reach 34,000 feet below sea level.

Chevron’s Anchor FPU (semi-submersible floating production unit), which is offshore Louisiana, has a capacity of 75,000 barrels of oil per day and 28 million cubic feet of natural gas per day. Anchor has seven subsea wells, all connected to the FPU and could produce up to 440 million boe. By 2026, Chevron projects that Anchor will be producing 300,000 boepd, and is expected to produce for three decades.

According to Chevron, the Anchor project has all-electric operations, including turning waste into heat, to minimize carbon emissions. 

Chevron is the operator of the project with a 62.86% interest, while TotalEnergies E&P USA holds the remaining interest.

The 60/40 portfolio. Agree completely. Link here. The folks recommending the 60/40 portfolio are the same folks that recommend the traditional IRA over the Roth IRA using the same rationale. 

***********************************
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.