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Thursday, June 13, 2024

For The Archives: A Lot Going On At The Moment — June 13, 2024

Locator: 47847ARCHIVES.

Flashback: link here.

DIS: back under $100

Chrome: Apple Pay.

MCD: A new day for fast food. Forty percent of sales are now digital.

NASDAQ 100: ARM to replace Sirius.

OpenAI: former head of NSA joins board. Who-hoo.

Liberty Sirius: another big loser for BRK.

JPM: folks may want to take a look at the news and ticker.

Best story all day: Laureen Powell Jobs and the California sea coast.

Pop quiz: name the #1 story of the 1990s and 2000s that is seldom in the headlines any more. Extra credit: name the “face” for that “movement.” Hint: it’s a “she” and she’s Swedish.

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Malibu

Link here.


Not a day goes by that I don’t think about PJB. 

For The Archives -- Headlines For A Most Exciting Day For Investors -- June 13, 2024

Locator: 47846ARCHIVES.

There were so many incredible investing stories today, I'm simply going to post links to headlines. Maybe more later.

Deflation:
Pentagon rocket club:
  • Bezos' Blue Origin joins SpaceX, ULA in winning bids for $5.6 billion Pentagon rocket club;
  • ULA = United Launch Alliance
  • Pentagon program: National Security Space Launch (NSSL) program
  • under this program, the Space Force is expected to order as many as 90 rocket launches in the NSSL Phase 3 program;
Market:

Apple:
Oracle:
  • Larry Elison, at $14 billion now the 7th-richest person on earth;
Investment accounts for children: link here.
Economy
GM:
Fisker:

Four New Permits; Four Permits Renewed; One Permit Canceled -- June 13, 2024

Locator: 47845B.

WTI
: $78.21.

Active rigs: 38.

Four new permits, #40834 - #40837, inclusive:
  • Operators: Oasis (3); Koda Resources
  • Fields: Indian Hill (McKenzie); Fertile Valley (Divide)
  • Comments:
    • Oasis has permits for three Behan Federal wells, SESW 29-153-101; 
      • to be sited between 1664 FWL and 1658 FWL and between 602 FSL and 503 FSL;
    • Koda Resources has a permit for a Strout well, SESW 14-160-102, 
      • to be sited 476 FSL and 1960 FWL;
Four permits renewed:
  • BR: two Shafer permits and two Sandie permits, Elidah oil field, Mckenzie County;
One permit canceled: BR, a Concord permit, #37974, Dunn County

It appears Spotted Hawk has also canced two permits, two Moose permits, McLean County;

Time Scales

Locator: 47844GEO.

This is simply some bookkeeping for the blog; nothing new here. This is being done to update the "Geology" section of the blog.

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Time Scales

Note: geologic time periods are named differently than archaeological time periods. 

A quick reminder:
  • Phanerozoic eon
    • Paleozoic era
    • Mesozoic era (Triassic/Jurassic/Cretaceous periods)
    • Cenozoic era (Paleogene/Neogene/Quarternary periods)
  • Quarternary period
    • Pleistocene / Holocene epochs
  • Pleistocene epoch
    • spanning the world's most recent period of repeated glaciations. The end of the Pleistocene corresponds with the end of the last glacial period and also with the end of the Paleolithic age used in archaeology.
    • Gelasian / Calabrian / Middle / Late ages
  • The above, geologic time, in millions of years:
  • the previous epoch (the Pleistocene epoch) from about 3 million years to the present epoch (the Holocene epoch);
    • the Gelasian age: about 3 million to 2 million years ago
    • the Calabrian age: about 2 million to 1 million years ago
    • the middle age (Chibanian Age) of the current epoch began about 800,00 years ago;
    • the late age (the Tarantian Age, proposed name) of the Pleistocene Epoc began about 130,00 years ago
  • The current epoch (the Holocene epoch)
    • the earliest age (the officially ratified Greenlandian age) then began about 11,700 years ago
    • the middle age (the Northgrippian age)
    • the current age (the Meghalayan age): c. 2250 BC to the present

The Historical Ages 

The Meghalayan age is now further divided into "historical ages":

Stone Age

Bronze Age: 3300 BC - 1200 BC (ended with the Fall of Troy)

Late Bronze Age: - 1200 BC

Iron Age: 1200 BC - 500 BC (Homer during the mid-to-late Iron Age)

Viking Age: 500 BC -- 800 AD (Pre-Roman, Roman, Germanic)

Pre-Roman: 500 BC - 0

Roman: 0 - 400 AD

Germanic: 400 AD - 800 AD

The Middle Ages: 1100 - 1453 AD
The period of European history from the fall of the Roman Empire in the West (5th century) to the fall of Constantinople (1453), or, more narrowly, from c. 1100 to 1453.
Reformations:
16th and 17th centuries.
The Enlightenment:
The Enlightenment – the great 'Age of Reason' – is defined as the period of rigorous scientific, political and philosophical discourse that characterised European society during the 'long' 18th century: from the late 17th century to the ending of the Napoleonic Wars in 1815.

British Romanticism:        

         1780 -1830

The Age of Shibboliths;

The Club Of Rome And "The Limits To Growth" -- Revisited -- June 13, 2024

Locator: 47843GDP.

Link here

This is pretty cool:

  • cutting down entire forests, turning that wood into wood pellets to burn, to make electricity raises the GDP substantially; leaving the forest alone, letting it grow, does nothing for GDP.
  • surgeons across the United States performing bypass surgeries every day, raises the GDP substantially; preventing heart disease in the first place by health living does nothing for GDP (generally speaking).

So, there's that. 

The new book: Growth: A History and a Reckoning, David Susskind, c. 2024.

A world without growth -- at least measured by GDP -- is difficult for modern people to comprehend.

And so it goes.

Quickies And Then Off The Net -- Going To Get Coffee -- June 13, 2024

Locator: 47842SWIFT.

US Supreme Court sides with Starbucks. Link here

ERAS tour earthquake. Link here.

Stellantis to grow Jeep sales 50% by 2027. Link here. Quickly becoming the "unofficial state vehicle of Texas."

Elon Musk Claims Victory -- June 13, 2024

Locator: 47841MUSKVICTORY.

Updates

June 14, 2024: shareholders voted to restore Musk's pay package. Now it goes back to a non-share-holding judge to decide. 

  • So, that's the new norm. A judge will determine pay packages for CEOs?

Original Post

Over at InsideEVs.

Link here.


I have no idea if the votes are in yet, if the voting has started, if votes have been counted. This is nothing more than another tweet from Elon Musk.

At CNBC:

Reminder: Disclaimer -- We're Not Yet Out Of The Woods -- Soft Landing At Risk -- June 13, 2024

Locator: 47840DISCLAIMER.

**************************
Disclaimer Briefly 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.  

*******************************
Soft Landing At Risk?

Soft landing at risk tracked here.

This is why the market suddenly reversed itself. The soft landing is at risk. 

Is that rate cut in July. back on the table?

Link here

Deflation?

Short Sellers -- June 13, 2024

Locator: 47839INV.

Link here


Warren Buffett doesn't seem to be having any trouble raising cash.

EVs -- June 13, 2024

Locator: 47838EVS.

Link here.

In 2035, historians may look back on 2024 as the watershed year for EVs in America. Everything suggests it's all over.

By the end of the year, there's going to be a glut of cars in dealers' lots across the US, and over the next two years, automobile sales will surge, setting all-time records. 

EVs: won't be mentioned. "No one" will be buying EVs in the US any time soon. Hybrids, yes. EVs, no.

Thursday, June 13, 2024

Locator: 47837B.

WTI: $78.49.

Friday, June 14, 2024: 62 for the month; 126 for the quarter, 325 for the year
40092, conf, Whiting, Sanish Bay W 5293 34-1 4B,

Thursday, June 13, 2024: 61 for the month; 125 for the quarter, 324 for the year
40313, conf, Empire North Dakota, Woodpecker 29-11 1H,
40091, conf, Whiting, Sanish Bay W 5293 34-1 3T

RBN Energy: Texas, California summertime power prices moving in opposite directions. Archived

 Texas and California are opposites in many ways, including their expectations for power prices in the summer ahead. Texas set single-day demand records several times last year and is anticipating more sizzling temperatures — and higher power prices — this year with demand expected to be near available supply. It’s the opposite for California, where the state’s extensive renewable buildout and higher-than-normal hydropower resources are helping keep a lid on power costs. In today’s RBN blog, we’ll examine the factors impacting Texas and California that are causing these polarizing power conditions.

Two Years Of Bidenomics -- June 13, 2024

Locator: 47835INV.

Last night, Wednesday, June 12, 2024, just before going to bed:


This morning, Thursday, June 13, 2024, in early morning trading:

There's "Goldilocks" And Then There's Broadcom -- June 13, 2024

Locator: 47834INV.

Link here.

Tag: Apple AAPL iPhone graphic graphics suppliers schematics

There's "Goldilocks" and then there's Broadcom!

I hope Broadcom investors are still sitting down this morning. Because if they're standing and they haven't seen this yet ....

Over at twitter:

Apple's iPhone suppliers:

Holy Mackeral! The Divergence Between The S&P And Nasdaq AND the Dow Is Breathtaking -- June 13, 2024

Locator: 47833INV.

No links.

BRK-B -- think Dow -- is down in early morning trading.

The S&P 500 is surging. Again.

It's going to be a busy day for blogging.

The CNBC "Fast Money" panelists must be absolutely going nuts when they see this:

IYKYK.

When AAPL went to $165 on April 19, 2024, the "Fast Money" panelists said AAPL was in trouble and headed lower. Me? I bought more AAPL. Buffett: has sold off a sizeable portion of his APPL position the past two quarters.

Right after the WWDC24 keynote speech, most analysts were nonplussed Dan Ives and I were blown away by what we had just witnessed.

Today: Barron's -- buy AAPL stock. That's the headline story.

Changes coming, link here.

Maybe more later.

Sell In May, Go Away -- June 12, 2024

Locator: 47832SELLINMAYGOAWAY.

This is June. The most recent "surge" began on June 11, 2024.

Tag: Nvidia, AMD, Tech, TSM.

For those who think the "tech" story is over-hyped.

Link here.

Meanwhile, key Nvidia supplier Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is looking to hire nearly 2,000 employees from Europe through its subsidiary European Semiconductor Manufacturing Co (ESMC).

The move coincides with TSMC’s plans to start building a 12-inch wafer fab in Dresden in partnership with Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors NV (NASDAQ:NXPI).

Nvidia impresses the Street as the numero uno AI beneficiary backed by Blackwell’s launch. They also maintain that AMD’s market share gains in the client and server CPU market thanks to its product lineup.

Price Actions: NVDA shares were trading higher by 3.98% at $125.72 at the last check on Wednesday. AMD shares traded higher by 0.93% at $160.40.

Gasoline Demand -- June 12, 2024

Locator: 47830GASOLINEDEMAND.

Link here

Disclaimer -- Reminder -- June 12, 2024

Locator: 47829AAPL.

**************************
Disclaimer Briefly 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. 

Speaking of AAPL:

Everything Everywhere Happening At Once -- Now It's AVGO -- Broadcom -- June 12, 2024

Locator: 47828AVGO.

Two screenshots, maybe more tomorrow.


I haven't confirmed but I think this is my second largest "chip" holding.

It may be my third largest non-energy holding. Again, I don't know; I would have to check.

I have a reader to thank on this one. About a year ago I initiated a position based on a comment by a reader; until then I had never even considered Broadcom; completely off my radar scope.

So, a huge thank you to the reader who suggested AVGO. Much appreciated 

I would love to "open up" comments again -- just for that reason -- but I just couldn't keep up with the "spam." So, it is what it is. 

**************************
Disclaimer Briefly 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.

MRO Well With Second Post-Jump In Production -- June 12, 2024

Locator: 47827MRO.

The well

  • 18253, 344, MRO, State Ralph Howard 31-16H, Bailey, t1/10; cum 575K 4/24, full production profile: 
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BAKKEN4-2024173272333233433979389549
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