The Committee -- CNBC -- September 27, 2024

Locator: 48420INV.

You can't fix "stupid." Link here.

Dow closes at record.

CNBC, the committee.

Stephanie Link: first company she mentioned -- Freeport-McMoRan (FCX).

• copper: a China play
• return comparison:
  
• FCX: up 15% in the past five days;
• SCCO: up 13% this past week;One year, SCCO vs FCX:
• dividend:
  
• SCCO: pays 2%
• FCX: pays 0.58%

Calls of the day: committee members make comments on the following. I did not include the comments -- buy, hold, sell -- unless they interested me.

• Salesforce (CRM):
• WMT: digital ad growing faster than Amazon
• Pepsi:
• Amgen: committee member not a buyer except on pullbacks. Canto initiates a "buy" recommendation.
• UNP: should benefit from the East Coast / Gulf port strikes. 

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Disclaimer
Brief 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. 

News update: Israel strike Hezbollah headquarters in Beirut, Lebanon, following a funeral for a Hezbollah commander who was killed the day before.  

Fentanyl: must read in NY Times. Explains a lot. In big scheme of things, US will get a handle on this but it will take a lot of time. Link here. How "addictive" is fentanyl? From social media responding to the Times article: 

Fentanyl made me feel better than anything I've felt in my entire life. Fentanyl took me to a place of pure, blissful pleasure beyond what words can describe. And I wouldn't know such a feeling was even possible if an eye doctor hadn't used new anesthesiologist during my last surgery.

"What on earth WAS that?" I asked. The anesthesiologist ticked off a list of the mix of the drug cocktail he'd used. The last one was fentanyl. Now I get it.

I've been sober for 23 years. It took me 10 years to finally go 21 days without a drink. So fentanyl? 24 years ago, one little taste of fentanyl, and my life would have been over. I wouldn't have had a prayer against the power of this drug. I'd be dead for sure. That last surgery was more than a year ago. I'm still thinking about fentanyl. How good it felt. How much I'd like to walk away from my troubles and go back to that bliss. The only way to keep people from dying from fentanyl is to eliminate it.