Everything Everywhere Happening All At Once, Part 2 — August 2, 2024

Locator: 48295ARCHIVES.

INTC: can’t get enough of this story. Cramer was exactly right. At the open: drops almost 30%. Prior to market open, the words being considered: “a going concern.” This is after taking $8.5 billion from the government. Apparently will build / recently buildt a new foundry in Ireland. Needs to be fact-checked. Will $20-share price hold? Link here. It's low for the day was $20.42. Barely held above $20. Yup,

AAPL: is up on a day that the market continues to plunge. AAPL up nicely — CNBC.

Chevron: will leave California, head to Texas. 

Will re-locate to Houston, TX. Story everywhere, including WSJ. Alert pushed to mi iPhone. Has been in California 140 years. CEO says they won’t be the last to leave California. Will take five years to complete move. Some operations to remain in California. Need to listen to Cramer on to his one. The state of Texas tracks relocations here.

SRE: awesome! At the open.

Jobs and the Fed: JPow absolutely did the right thing. We talked about this, maybe, two months ago. Deus ex machina. I’ll see I can find the link.

Personal investing: as folks know, I’m no longer investing for myself. 

Everything is being transferred to the grandchildren. Having said that, Sophia sees a huge buying opportunity today and she’s going to take it. AAPL? SRE? Something else? Will first look at dividend announcements. That data provides much information about a company’s health. [Later: Sophia picked up shares in AAPL, SRE, HES, and CVX. Two of four were based on specific Cramer comments. The two others have been long-term favorites of mine.

Market open: recession-safe stocks are being scooped up.

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