Cramer's First Hour -- Part 2 -- October 17, 2024

Locator: 48605CRAMER.

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

Experian: this is not a paid ad. If you do nothing else of "financial" consequence today, do this --

• lock / freeze all three credit agencies (Experian, TransUnion, Equifax)
• download and set up the Experian app for your mobile phone and tablet 
• you can thank me later.

Lucid: from Barron's, link here.

Lucid Group LCID stock fell sharply after the electric-vehicle manufacturer said it was planning a substantial public offering and projected wider-than-anticipated losses for the third quarter.

The public offering would involve 262 million shares, the company said in a statement late Wednesday.

Proceeds will be used for capital expenditures and working capital, among other things, Lucid said.

[Whisper: ".... will be used to keep the company afloat; burning through cash."]

Lucid’s announcement came as demand for electric vehicles has been weakening, which has weighed on shares of EV makers.

[Whisper: "... by now we should be well along the up-slope of the S-curve on EV penetration; not happening.]

Lucid, as well as rival car makers such as Tesla and Rivian have lowered prices on their vehicles in an effort to compete with Chinese manufacturers that are offering cheaper models.

[Whisper: "... blame it on the Chinese. Quick, how many Chinese EVs do you see in your neighborhood?"]

In a filing with securities regulators Wednesday, Lucid estimated that its loss from operations would range between $765 million and $790 million in the third quarter, a wider loss than the $752 million expected by analysts polled by FactSet. The company is scheduled to report full third-quarter earnings on November 7, 2024.

Generated by AI:

Recurring themes on the blog:

• I'm in the process of updating themes for 2026
• 2026: will be a watershed year for EVs
• pivot from solar / wind to nuclear still getting all the attention
• nuclear SMRs going to be a lot more difficult than folks think
• urban mayors are going to think twice about a nuclear reactor -- no matter how small -- in their backyards

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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.