Locator: 48635AAPL.
Ford: although it started out slow after monthly sales announcement earlier today, Ford (F) finished very, very nicely, up almost 5%, trading over $11 by the close and still paying an incredible 5.2% dividend:
Apple, dead money for three years and not much of a dividend. Hope springs eternal.
Market:
- short week; really short week
- a lot of Wall Street folks / investors on the East Coast probably took the week off
- GOP tax bill passed the US Senate, but the votes aren't there for passage in US House
- US House cannot make any "major" changes without it requiring another vote in the US Senate
- buy on the rumor; sell on the news
- a lot of institutional re-positioning
- this month (June, 2025) has been an incredibly good month
- TEA LEAVES: it's going to be tough, tough going in the US House; very likely the bill won't be passed; the Medicaid changes could cost a number of representatives their jobs, and the US House can't make "major" changes to the Medicaid portion of the bill without sending the entire bill back to the US Senate
- if I were a betting man, and I'm not, I would bet that this bill fails to pass in the current form.
