Cramer's First Hour, Part 1 -- December 2, 2024

Locator: 44481CRAMER.

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. 

Gelsinger: is out. Intel (INTC) is up. Can't remember what I blogged about Gelsinger but all I can say now is this: "about time."

• perhaps the worse "over-promiser / under-deliverer" of any CEO Cramer has seen;
• over five years: INTC dropped 60% in value
• a "balance sheet" issue --
• Cramer says Intel needs someone who knows the difference between a stock and a bond -- apparently the "balance sheet" is a mess; prior to Gelsinger, the balance sheet was said to be "pristine."
• doesn't solve Intel's problem 
• under Gelsinger, INTC was dropped from the Dow and replaced by NVDA (very recently)
  

From last year: link here to The WSJ:

Lesson learned: never quit reading. Beware talking heads on CNBC.

Does government deficit spending cause inflation? No. Exhibit A -- Bitcoin (supply and demand; mojo; greed).

• other exhibits
• used cars,
• eggs,
• housing

Populism: Trump is a populist. 

It's interesting to hear all the talking heads pushing back ideas that would benefit the consumer -- generally populist ideas. Trump is trying to improve things for the average American, and the elitist media is pushing back on this. Now that Trump is advocating for them -- like lower gasoline prices; no taxes on social security; cap on credit card rates.

AAPL: this is quite a surprise. AAPL just turned green in pre-market trading. 

US equity markets: slightly negative all night are now turning green, but still not much change since Friday's record close. 

Over the past year, RIVN actually doing better than STLA. Past six months, Stellantis:

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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 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.