Cramer's First Hour -- "Klaatu Barada Nikto" -- Today -- The Day The Earth Stood Still -- August 28, 2024

Locator: 48471CRAMER.

Forecast: link here. Also here for more discussion.

• revenue: $28.7 billion (prior quarter: $26.08)
  
• from data center: $24 (prior quarter: billion $22.6)
  

The Day The Earth Stood Still, wiki, opened, 1951.

Nividia: will report earnings later today; after market close.

Nvidia: before the day is over, this will probably become a much sought-after graphic, link here. Compare this chart with any other similar chart and one will see just how incredible Nvidia is.

• look at those incredible margins and other data points, from left to right:
• largest revenue center, "Data Center": $22.6 billion; grew 23% q/q
• revenue: $26.08 billion; grew 18% q/q
  
• gross profit: $20.4 billion; grew 2pp q/q; 78% margin;
• operating profit: $16.9 billion; grew 3pp q/q; 65% margin;
• net profit: $14.9 billion; grew 2pp q/q; 75% margin;

Compare with Apple, link here:

• data points, from left to right:
• largest revenue center, "iPhone": $39.3 billion; grew 1% y/y;
• all products: $61.6 billion; grew 2% y/y;
• revenue: $85.8 billion; grew 5% y/y
• gross profit: $39.7 billion; grew 2pp q/q; 46% margin;
• operating profit: $25.4 billion; grew 1pp q/q; 30% margin;
• net profit: $21.4 billion; grew 1pp q/q; 25% margin;

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. 

Schwab: investor sentient -- investors are the most bullish they've been since Schwab first starting doing this survey. Survey: what is driving the strong sentiment? A wealth effect is building. Concentration risk is starting to spread out. Tech, health services, materials, utilities. Re-posted from yesterday.

BRK:

• sells more BofA shares; $982 million in most recent sale
• closing in on $1 trillion market cap [BRK did hit the magic number during an intra-day high but then fell back below $1 trillion market cap by the close]
  
• now: about $280 billion in cash
  

AAPL: after being negative overnight and pre-market this morning, has just turned green (one cent), ten minutes before open. But now negative, down 12 cents. Nothing matters until 4:20 today. At the open, slightly in the green. Whoo-hoo!

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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. 

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A Musical Interlude

Link here.