Locator: 48793HEADLINES.
Clearing out the inbox. Links quickly with minimal comments.
HES: up 7% today.
Index of leading indicators: absolutely Goldilocks down 0.3% vs down 0.2%.
Sam Altman: "they" better figure out how to have over 100 million GPUs. Link here. Bubble? Who are you gonna believe? Who are you gonna call?
- "they"? Nvidia
- if you don't understand Altman's comment, you aren't paying attention
- I thought I was paying attention, and I didn't understand the comment at first. LOL.
- the rest of that tweet from Sam Altman:
- "we will cross over one million GPUs brought online by the end of this year!
- very proud of the team but now they better get to work figuring out how to 100x that lol.
AAPL: Tom Lee.
Magnets: Chinese rare-earth magnet exports surge
- US trade truce
- US manufacturers scramble to get these critical, necessary magnets
- all agree the scramble has results in a surge of 150%; some say, 660% (no typo);
- depends o when and what one is measuring
- the article is a must-read with regard to global magnets -- my takeaway -- the Chinese magnet story is a bit exaggerated.
- there may be a relative shortage regionally, and perhaps globally
- but the "maldistribution/logistics" story is a bigger story than any "shortage"
Stellantis: scraps hydrogen vehicle program. Wow. Trump has been president for six months. Link here.
Stellantis: warns that it will lose $2.7 billion after releasing preliminary estimates for the first six months of the year (2025); link here.
Volvo: can't kill it's models fast enough. Volvo will effectively be another SUV-only brand in the US. Link here. Ford, too, is now mostly a truck, SUV, and crossover utility vehicle brand (fact-check with AI). Quora, for what it was worth, had a discussion centered on same issue. Link here.
Amazon margins: link here.
One doesn't hear this often:
Chevron's acquisition of Hess is said to be by some a "once-in-several-lifetimes" asset for the oil giant. I don't know. But folks don't say that often. HES had a market cap value of $46 billion at the close last Friday (or whenever the last trading day was). CVX bought it for $53 billion.
CVX today has a market cap value of $260 billion.
According to ChatGPT:
- As of July 11, 2023, Chevron’s market cap was approximately $270.7 billion the Hess deal was officially announced on October 23, 2023
- therefore, immediately prior to the announcement, Chevron’s market cap stood in the $260–$270 billion range.
So, what gives?
Sarepta: I don't know how much I want to say about this, but there's a lot more to the Sarepta story than the headlines. This is a huge story. For some investors this could move the needle. This is not an investment site so I'm not going to say more. Thirty seconds of research may be all you need to make a decision.
DFW-area airports: in addition to the McKinney reliever airport (ICAO: KTKI) highlighted below there are several additional reliever airports in the DFW area. One that particularly interests me is the Perot Field Fort Worth Alliance Airport, previously known as, and often still referred to as simply the "Alliance Airport." The ICAO code for the Alliance Airport is KAFW.
Cleveland-Cliffs surges on earnings results.
Very, very mixed results; mostly guidance, it appears driving investor interest. Suggests how excited investors are with regard to steel industry in the US. Analysts not so excited. Cleveland-Cliffs reported a loss of 50 cents/share, but that was less than expected. Ticker: down 30% over the full past year; 52-week high: $16; trading at $11 today. P/E: of course, N/A. The elephant in the room: Nippon-US Steel deal. The big question: what is driving the US steel market? ChatGPT: for me, the answer, was generally unhelpful. A lot of blah, blah, blah. There is not there there. There is no 30-second elevator speech. If forced: tariffs; industrial revolution; favorable business environment, consolidation in the industry.
