Cramer's First Hour, Part 5 -- October 16, 2024

Locator: 48597CRAMER.

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.   

Definitions:

• hard landing: Fed goes back to raising rates, time line -- through end of 2025
  
• no landing: Fed -- no more rate changes in 2024 / 2025
• soft landing: Fed continues to drop rates, time line -- through end of 2025
  

The Sara Eisen hour (no pun intended, but I may use it from now on -- LOL). 

Wow, she is really "optimistic" this morning. How much better the consumer is feeling so well, and doing so well. Many charts, started with "relief at the pump." Gasoline a year ago, $3.60. Today, $3.20. Is this CNBC starting to show their cards with regard to the presidential election? 

MS: among many investment banks, reported better-than-expected 3Q24 results and shares jump.

Interest rates: talked with an extended family member last night. 

Generation X (born between 1965 and 1980); 50 years old (or approaching 50). Says he never expects to see interest rates below 4% again in his lifetime. Not good, bad, simply an observation. The mortgage on his house? 2.8%. 

Vistra: on the way home from Farmer's Branch, TX, passed this company's headquarters in Irving, TX. I think it was on TX-121 north. Ticker:

Wiki, note how "old" this company is:

This is why I'm recommending to the grandchildren when it comes to investing, stick with the professionals and mom-and-pop investors shouldn't be doing their own stock picking. 

Kairos: private company. Who is going to buy it? On another note, the Google-Kairos press release, link here. 500 MW of new energy. Financial details not provided. Perhaps this will provide some estimates:

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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.

Cramer's First Hour, Part 4 -- October 16, 2024

Locator: 48597CRAMER.

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.   

Holy mackerel: after a weak opening, the Dow is now up 130 points before the 30-minute timer has rung.

Inflation, cars: new cars -- incredible. Price range for all socioeconomic classes. Sweet spot for many Americans: $30,000 and plenty of makes / models in that price range. Calculator here. Below $30,000 the car is very, very "basic," no bells and whistles but will get the job done. Real world, not imagined. A $30,000 car with $5,000 down at 4.9% interest rate for seven years in north Texas will result in a monthly payment of around $350 / month, or $12 / day, the price of two pumpkin spice lattes (I must be missing something; I often make simple arithmetic errors). If one can swing it, a three-year loan can be had for 1.9%. Almost free money when one thinks about it.

Starbucks:

CSCO: wow, wow, wow. Cisco leading tech today. Who wudda thought? 

Inflation: dropping like a rock in Europe. Many countries reporting a CPI with a one-handle, as in 1.7% inflation.

Personal investing: "backed up the truck" on SCHG as Cramer would say. Top holdings (below), and they say this is not a "tech" ETF. After the split, Sophia got really, really excited. LOL.

**********************************
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.
  

Cramer's First Hour, Part 3 -- October 16, 2024

Locator: 48596CRAMER.

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.   

Disinflation or deflation: seeing this all over Amazon. Prices dropping. And not by just a little. Down almost 25%. Say what?  And this was not a "Prime Day special." This was from yesterday, current pricing, down 24%. 

Boeing: machinists still on strike and no meetings even scheduled. Some feel there's no way the machinists will see their demands met with the current financial situation Boeing is in. Waiting for government bailout? BA market cap around $90 billion -- Buffett could write a check and buy the company.

J.B. Hunt: interesting. Up 6.7% in pre-market trading. Cramer: don't get suckered into this one. But he does say he likes J. B. Hunt. so I can't make heads or tails of what Cramer is saying. 

Concerning: link here.  But only slightly. Let's see. 11 + 3 = 14. 100 - 13 = 86.

Personal mileage, my wife's 2007 Chrysler minivan, the workhorse in our stable:

Inflation: sake. Normally sells for 2/$12.

AAPL: at the open -- opens down 1%.

**********************************
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.

Cramer's First Hour -- Part 2 -- October 16, 2024

Locator: 48595CRAMER.

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.   

Looking for love in all the wrong places, link here:

Industrial vs tech:

Fact check: Joe Kernan says "they've" restarted Three-Mile Island. Not only has it not re-started bu there are already regulatory concerns. This isn't going to be easy. By the way, all those nuclear engineers -- where are they now and what are they doing now? First thought? How old is Homer Simpson now?

In most episodes, Homer Simpson works as the nuclear safety inspector at the Springfield Nuclear Power Plant (in Sector 7-G), a position which he has held since "Homer's Odyssey", the third episode of the series, despite the fact that he is totally unsuitable for it.

SMRs: small modular reactors. First, that google news. Now, Amazon. Exploring with Dominion Energy at a cost of $500 million to "explore" feasibility of three SMRs near Amazon sites in Virginia.

Keeping track:

• Microsoft: $10 billion, Three-Mile Island.
• Google: financial details not revealed; eight SMRs. For those hoping to get in on the ground floor, Kairos Power is a private company.
• Amazon: half-billion

Memo to self: may have to add a new "page" to the post, a tab linked at the top. We'll see. 

By the way: does the nuclear industry think the public will buy into nuclear in their backyard? No "nuclear" in their "new" product. Not called "small nuclear reactors," but rather "small modular reactors." Speaks volumes. Sort of like KFC removing "fried" from its name.

**********************************
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.

Cramer's First Hour, Part 1 -- October 16, 2024

Locator: 48594CRAMER.

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.  

AAPL: hit an all-time intra-day high yesterday. Pre-market today, holding those gains.

Trump: shades of P. T. Barnum? I haven't been following this story; see some headlines. It wouldn't surprise me. Is Trump in a win-win situation? Even if he loses the election, is he positioning himself for one of the biggest cash hauls of all time?  

Chart(s) of the day: click here.

**********************************
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.

 

WTI Stabilizes At $70 -- Hess Reports Another EN-Cvancara Well -- October 16, 2024

Locator: 48593B.

AAPL: hit an all-time intra-day high yesterday. Pre-market today, holding those gains.

Trump: shades of P. T. Barnum? I haven't been following this story; see some headlines. It wouldn't surprise me. Is Trump in a win-win situation? Even if he loses the election, is he positioning himself for one of the biggest cash hauls of all time? 

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Back to the Bakken

Hess EN-Cvancara: see this post for recent update, which will also take you to site where these wells are tracked. The newest EN-Cvancara well to report tomorrow:

• 40194, conf, Hess, EN-L Cvancara ARA-LS-155-93-2826H-2, Robinson Lake,

WTI: $70.61.

Thurssday, October 17, 2024: 33 for the month; 33 for the quarter, 547 for the year
40314, conf, Oasis, Truax State Federal 5398 43-9 3B,
40194, conf, Hess, EN-L Cvancara-LS-155-93-2826H-2,
39214, conf, BR, Parrish-Kermit 5B TFH-ULW,

Wednesday, October 16, 2024: 30 for the month; 30 for the quarter, 544 for the year
40269, conf, Hess, EN-L Cvancara LS-155-93-2826H-1,

RBN Energy: with China's economy in the doldrums, is global oil demand growth likely to stall?

The International Energy Agency (IEA) and others have lowered growth targets for global oil consumption in the short term, while traders began a sell-off in crude benchmarks before the recent recovery in oil prices. Their main concern? China, which has accounted for a large part of global demand growth, has recently seen a sharp drop in oil demand due in part to an economic slowdown as well as a sharp increase in electric vehicle (EV) adoption. In today’s RBN blog, we will examine what’s happening in China, what it means for global oil demand, and where additional demand growth might come from.