Locator: 48356ARCHIVES.
Rate cut: do we even need a rate cut in Septermber?
DIS: recession? LOL. Link here.
GDP: yesterday's GDPNow number;
- the "actual number" matters less than the direction, the trend
- having said that, GDP estimate for 3Q24 up 40 basis points, or is 4 basis points?
- whatever, from 2.5% to 2.9%
Aviation: no signs of recession here. Did "we" just get played this past week. If so, not complaining. Great, great buying opportunities.
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Hyperscalers
WMB:
- corroborates my view on AI.
- hyperscaler demand for natural gas unprecedented
- first link:
- second link -- Dan saw the same story --
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Oh, Give Me A Break
Lyft stock tumbles.
Headline: misses estimates. Oh give me a break.
Link here. Sell-side analysts are playing us. As far as an investment goes, I could(n't) care less. It just corroborates my point -- when Lyft reports it's first-ever profit, that hardly looks like a recession.
Missed estimates on gross bookings:
- bookings rose 17% but analysts were expectting $4.06 billion:
- reported: $4.02 billion
- missed by 40,000,000
- = 0.985%
Analysts, apparently, overlooked the following:
- earnings:
- posted earnings of $5 million, or 1 cent / share --
- "the ride-hailing company reported a surprise profit in the second quarter—the company’s first-ever quarterly profit on a GAAP basis—but issued guidance shy of analysts’ estimates."
- revenue of $1.44 billion beat estimates of $1.39 billion
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EV Charging: A Mess
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The EV Narrative Continues
Miners aren't even stockpiling battery material cobalt any more.
Remember all those stories China was cornering the market on rare earth metals; US wouldn't have enough.
Now, apparently a glut.
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