Market -- Mid-Day -- December 5, 2024

Locator: 44501INVESTING.

GDPNow, link here, 4Q24: 3.3.

Uber, Lyft: slumping today.  

Apple: at the close, AAPL will close lower, breaking a 12-day streak of consecutive higher closes. That may have to be fact-checked. I recall hearing that but did not confirm. Later: at the close, AAPL eked out a three-cent gain!!! Whoo-hoo!!! A 13-day run?

Jack Daniels: lading the S&P 500, link here.

BRK's subsidiaries, link here.

Bezos interview, link here. One of the best interviews ever.

ISO-NE: spiked to $200 earlier this morning; now running at $85. Wind, 2.3%; coal: 2%; net imports at 22%.

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GM

Update
December 5, 2024

It starts to make sense. 

December 4, 2024

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Investing

GM should be of some concern.  

A huge day on Wall Street today: Dow breaks through 45,000 for the first time ever. Art Cashin, who famously wore a "Dow 24,000" cap back in 2017, and perhaps one of the finest men on Wall Street, died two days ago. He might have something to say about this/that.

GM was down during regular hours and continued to go down after the market closed. 

The thing that would concern me if I were a GM investor, and I'm not, is the abruptness with which the company ended its relationship / stake in the huge Lansing EV battery factory. GM has/had sunk about $1 billion into the venture, but said it expected to recoup its investment. I assume that was said to "appease" GM's more gullible shareholders. It's chump change.

$1 billion. Sounds like a lot of money. Chump change to the tech CEOs and their companies.  Musk is worth $333.6 billion. That's with a "b." If a company like GM is concerned about $1 billion, there's more to the story. There's a short-term story and a long-term story. 

The last five days have been miserable for GM. And longer term? One could have bought GM for $63.37 / share back on June 4, 2021. Today, GM closed at $53.36. Ouch. 

Ford? Back on June 14, 2022, F was trading for $25.19. Today, F closed at $10.74.

See disclaimer. Just some rambling thoughts. Not making a recommendation to buy, sell, or hold.

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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.