Cramer's First Hour -- Part 2 -- October 21, 2024

Locator: 48624CRAMER. 

Later: holy mackerel! Nvidia is up 4% at the close; up $5.50. And, AAPL, also doing nicely, up 0.6%, up $1.48 at the close. Inside SCHB ETF, AAPL is the #1 holding, and NVDA is the #3 holding. MSFT is the #2 holding which was up slightly today. Each of the three between 5% and 6% of the ETF's holdings. After hours, NVID continued to move up. At 4:07 p.m. CDT, NVDA is trading at $144.04, up $6.04 / share, for the day.

Nvidia: looks like it is ready to break out. Wow! This is according to CNBC's senior analyst. I value his opinion as much as I value Warren Buffett's.  

BRK-B: speaking of which (Warren Buffett), how did BRK-B do today, on a day that NVID was up 4% and AAPL was up 0.6%? BRK-B was down (negative) for the day, as was SCHB.

Utilities: hit records earlier in the day. Apparently that did not include SRE. That's fine. It's had quite a run. Up 25% in the past year; up 20% in the past six months. And pays 3% -- decreasing as the share price appreciates.

CNBC analyst spoke to that T Rowe story earlier today about Treasuries returning to 5% within six months. 

His analysis: poppycock. LOL. If the Fed cuts rates, and and Treasuries go higher, it simply eans the economy is improving; the economy is getting better. This is not rocket science. "Fast Money" panel had it exactly right.

This must have been a slow business news day. Ten-year treasuries are currently / today yielding 4.2%. Link here. T Rowe said we would see 5% within six months. Oh, give me a break. We've seen this movie. We've been here before. We did just fine. We're not even talking a full percentage (100 basis points).

Meanwhile, Nvidia jumps 4% today, held gains after hours and added another 80 cents (almost a buck) and the chart suggests NVID is "ready to break out." That's the story, not the 10-year Treasury bill. Wow, amazing what gets folks excited. Having said that, I've never understood bonds. Better said, I've never understood the fascination of investing in fixed income.

Another view, Paul Tudor, October 22, 2024.

Original Post

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

Sara is off today. A day without Sara is like a day without sunshine. Speaking of which -- another beautiful day in north Texas today. 

Costco magazine: apparently the third largest circulation among US magazines. It is delivered to more households across the United States than Better Homes & Gardens, The New Yorker, and The Atlantic combined. Cost of subscription? Expensive. 

The magazine is mailed out to “executive” members, who pay double the yearly membership fee of $65 for the magazine and other perks.

(Another 300,000 are distributed via Costco warehouses.) Its reach is so vast that Costco Connection is now the nation’s third largest magazine by print circulation, behind AARP: The Magazine and The AARP Bulletin. So, in a sense, Costco Connection is #2. Stand-alone post coming.

But as for me, I'm off to Costco now. Good luck to all.

The election: "... a knife fight in a phone booth." If it comes down to a close race in Pennsylvania, we may not know results until Friday or Saturday following election day on Tuesday. Pennsylvania has huge mail-in ballot history and counting paper ballots cannot even begin until election day; Pennsylvania is known for very slow counting of paper ballots.

Nvidia: all-time high for NVDA today.

Apple: link here.

Robinhood: setting records.

Psychedelics: going mainstream. The conversation began a long time ago (on the blog). Link here. Note: this is a J&J play. Ketamine. So, go for it: Lilly's weight loss vs J&J's psychedelics. I'm going with the psychedelics. I used ketamine as a general anesthetic on patients in the field while in the Mideast years ago. A miracle drug.

Schwab update:

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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.
• Longer version here.