Cramer's First Hour, Part 2 -- October 3, 2024

Locator: 48473CRAMER.

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.  

Carl, Santelli, and the judge. Add Sara Eisen to this and one would have the best CNBC panel. Period. Dot. Andrew Ross Sorkin was always weak. I often think he wishes he had four names, like George Herbert Walker Bush. Kernan has become a joke. 

Today's meme: trends are higher; buy the dips.

Levi Straus; down 11% pre-market; Looking to sell Dockers. Dockers did not perform; sales off 13%. Its Dockers brand decreased 15% on a reported basis and 13% on a constant-currency basis with Levi announcing that it has started a "formal review of strategic alternatives for the Dockers brand," and the CEO clearly said Levi would sell Dockers. Not exactly selling into strength.

Overall, kind of a blah day.  

E&P energy sector tracking for its best week since January, 2024. We'll know next Monday exactly where this is headed. 

Personal investing: good, bad, or indifferent -- my portfolio has boiled down to these three after 40 years of active investing:

• energy
• Apple
• tech

Personal investing:

• my portfolio is now in the hands of the grandchildren
• pivot to Schwab ETFs: SCHD, SCHG, SCHB
• re-set every six months
• review every month 

Personal investing:

• Sophia will add to one of her Schwab ETF positions today.

OpenAI: incredible investment numbers. May require stand-alone post. One can start here.

OpenAI wrapped up its $6.6 billion financing at a $157 billion valuation—a remarkable achievement that raises the stakes for CEO and founder Sam Altman to build on the lofty price tag for an eventual IPO. The San Francisco-based company is now worth far more than any VC-backed company at the time of their IPO—including Meta, Uber, Rivian and Coinbase, according to an analysis of PitchBook data

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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.