Locator: 48429APPLE.
M5: only a few posts on the blog regarding the M5.
Saturday, September 28, 2024
Titans: Mark Zuckerberg
Locator: 48428TITANS.
Tag: Zuckerberg.
(Bloomberg) -- Mark Zuckerberg’s bet on the metaverse initially looked like a colossal mistake, wiping more than $100 billion from his net worth. But now it’s paying off big-time.
Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion, the first time he’s exceeded the $200 billion mark, according to the Bloomberg Billionaires Index.
He’s moved to fourth place on the list of the world’s 500 richest people behind Elon Musk, Jeff Bezos, and Bernard Arnault.
While other tech titans made big jumps in net worth this year — Nvidia Corp. Chief Executive Officer Jensen Huang, for example, has more than doubled his wealth to $106.2 billion — none has grown as much as Zuckerberg’s. He’s added $73.4 billion to his fortune since January 1, 2024, thanks to his 13% stake in Meta. The stock closed at an all-time high on Wednesday and is up 60% this year.
The one titan that has not invested in tech? Yes, there's one.
November 4, 2022: META was selling for $90 / share. This past week? $561 / share.
For $50 billion at $100 /share = 500,000,000 (five hundred million shares) at the end of 2022.
Today, 500 x 10^6 x $561 = $280,500,000,000 = $280 billion.
BRK cash horde at the end of 2022: $100 billion.
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Disclaimer
Brief
Reminder
- NOTE: content
and typographical errors may increase due to a number of factors. I
correct them when I find them. But if something seems wrong or doesn't
make sense, it's likely to be a typographical error as anything else.
(Updated: September 28, 2024).
- 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.
AI Stressing The Grid -- September 28, 2024
Locator: 48427AI.
My hunch: some states will have huge advantages -- what's needed:
- political will
- lots of land
- for data centers
- for huge transmission-line corridors
- utilities with deep pockets; access to capital
Nuclear power: story to watch -- if "they" can bring Three-Mile Island back on line within five years and within budget.
Costco Vs Walmart -- Saturday, September 28, 2024
Locator: 48426RETAIL.
Updates
September 28, 2024: say what you want, these are outstanding graphics. Link here. The print is small. To cut to the chase, the two numbers that are most important:
- growth in revenue y/y; and,
- margins.
Outside of these numbers, other important considerations:
- one year return on equity;
- dividends, particularly change y/y;
- comparison with peers;
- MOJO, the CNBC effect;
- part of the fourth industrial revolution;
- 30-year future.
Costco: $ / margins / change:
- net profit: $2.4 billion / 3.0% / +0.2 pp Y/Y
- operating profit: $3.0 billion / 3.8% / +0.3 pp Y/Y
- gross profit: $10.1 billion / 12.7% / +0.4 pp Y/Y
- revenue: $79.9 billion / -- / +1% Y/Y
- net sales: $78.2 billion / -- / +1% Y/Y
Compare with Walmart (WMT), link here:
- net profit: $5.8 billion / 4.0% / +1.0 pp Y/Y
- operating profit: $5.6 billion / 3.0% / +0.5 pp Y/Y
- gross profit: $38.6 billion / 24% / +1.0 pp Y/Y
- revenue: $164.0 billion / -- / +7% Y/Y
- net sales: $162.7 billion / -- / +7% Y/Y
- Walmart USA: $113.7 billion (ex Walmart international, Sam's Club
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App Economy Insights
**********************************
Disclaimer
Brief
Reminder
- NOTE: content and typographical errors may increase due to a number of factors. I correct them when I find them. But if something seems wrong or doesn't make sense, it's likely to be a typographical error as anything else. (Updated: September 28, 2024).
- 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.
And finally, would you rather? WMT is selling at a discount to COST this past year. Although in the big scheme of things, it was trivial.
Four Worse Performers In The Dow This Year -- To Date -- September 28, 2024
Locator: 48425ARCHIVES.
Link here. This was from March 24, 2024. Things may have changed.
Nike, Boeing, Intel, Apple.
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Pemex
Production drops 6% (y/y) in August.
Crude oil production only averaged below 1.5 million bpd in August, as Pemex’s crude output has been falling in recent years and has hit the lowest level in more than 40 years. Pemex produced a total of 1.77 million barrels per day (bpd) of liquids, which include crude oil and condensate, last month, down by 6% compared to August of last year. And this despite the outgoing president pulling out all stops to turn things around.
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Netanyahu
This surprised me. The MSM had suggested that the Israelis wanted Netanyahu out. But apparently not.
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Netanyahu Cleans House Literally
Less than 72 hours after the above was playing out, the IDF took out the leader out of Hezbollah.
Remember, this all began months ago with an unprovoked attack and hostage-taking by Hamas in the south. Iran's Supreme Leader, meanwhile, goes into "deep" hiding.
Geopolitically, the timing is perfect for Netanyahu and the Israelis.
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Drudge
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