Cramer's First Hour -- August 29, 2024

Locator: 48485INV.

Tag: Fauci.

Cramer's first hour: a mix of fact, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

A reminder: historically, the months of August and September are the worst months of the year for investors who hope to pay more for shares. 

Transitory: 

AI: the big story today? AI. OpenAI, specifically. The next trillion-dollar company.

Dollar General craters. Down 20%. Misses. Says customer is constrained. Yet, all the non-discount stores are doing quite well. I think folks are missing the story here. Exhibit A: Best Buy -- raises guidance, and shares up 15%. 

German inflation: surprise drop to 2% in August, 2024. This may not be a "good" story. Exhibit A: falling GDP. Does contraction = recession? Link here.

Nvidia: keep the narrative going. Sophia is eager to execute her trades at the market open. 

AAPL: right now, pre-market, up almost $4.00. Whoo-hoo!

BRK-B: see this post.

The deadly rise of anti-science: link here. Fauci's book is out.

CLF -- Cleveland-Cliffs: long discussion on Nippon, US Steel, and CLF.

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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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.