Chips Getting A Bit Too Frothy -- Cramer -- November 26, 2024

Locator: 44426CRAMER.

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. 

Consumer confidence: 111.7 vs 111.0. Best number since July.  

Added to the bingo card drinking game: "fentanyl," "tariffs," and "leverage."

AAPL: up $1.75 for some unknown reason today. Oh, that's right. Christmas sales. 

Autos: GM, Stellanis, Ford -- seeing significant drops in stock prices. Due to tariffs -- vehicles from Mexico -- GM is the poster child for such exports.

Philanthropy: at this rate, Buffett will be 150 years old before he gives away his billions. 

Yesterday, it was announced Buffett gave $1.5 billion in BRK stock to his family's charitable foundations. As of October, 2024, Buffett's estimated net worth was $149.7 billion. I guess, like "regular" Americans, it's emotionally difficult to give up one's legacy.

X vs BS: matters not one bit to me, I'm on both sites, but so far, Bluesky is a liberal echo chamber. For investors, twitter is a much better choice. Threads? I've never even looked it up. The big question is whether Carl goes back to X? But, wow, Carl has gotten very, very chippy lately -- I guess he's not taking it well that CNBC is being spun off with MSNBC (Rachel Maddow and Morning Joe).

SpaceX, conflict of interest? Is NASA launching, on average, one rocket a year, now? From Forbes today --

Over the years, as NASA developed the rockets that put Americans on the moon and then the space shuttle, it amassed a collection of 38 rocket engine test stands at six sites across the country.

Many of them are massive structures, as tall as a football field standing on its end, that cost hundreds of millions of dollars to build or refurbish. Now most sit silent. Only 10 of the test stands are expected to be in use by 2026, NASA’s inspector general reported in September, primarily due to the shift in rocket development to private space companies like SpaceX.

The test stands are a microcosm of the problems NASA has been struggling with for decades: a sprawling array of aging facilities and systems that it doesn’t have the money to properly maintain, but which Congress resists pruning to protect jobs.

NASA has built up an agglomeration of more than 5,000 buildings and structures worth $53 billion spread across 134,000 acres in all 50 states. The expense of maintaining it all has become an increasing burden as the agency has aged. Now Donald Trump is returning to the White House on an avowed mission to slash government spending, with the help of billionaire and SpaceX founder Elon Musk.

Semafor: don't forget Semafor. A substack is Semafor Technology.

Cramer: expects AI prices to fall next week; talking of the more-speculative tickers.

NVDA: link here.

RIVN: I may have misheard, but Cramer said that Rivian won't be building that factory in Georgia. In later discussion, Cramer stuck to his opinion: it doesn't make sense.

LNG: my hunch -- Trump is getting tired of this:

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• 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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.