OT: Stock and Investment Thread
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Whenever Buffett is no longer involved! Greg Abel is a BTC maxi.
Exactly, the shift to appl and now Google are attributed to him I believeWhenever Buffett is no longer involved! Greg Abel is a BTC maxi.
Buffett and CM were very tech-adverse. I understand why due to their ages. However, Abel knows tech runs the world now. The Google purchase was big. BTC is one small step after tech.
BTC or “Digital gold” isn’t unique or special tech any longer and it certainly isn’t gold unless China’s central bank suddenly becomes a buyer but Winnie the Pooh would never. BTC had its run and bought a lot of Lambos but even after falling recently it’s market cap is still around an absurd $2 trillion. In a rational world Palantir would be worth $2 trillion before BTC. RIP Michael Burry’s Scion.
It's a huge change for BRK to buy tech (remember, they view AAPL as a consumer company) so this is massive vote of confidence for GOOGL.
Very exciting news! Tom Lee's SMID Grannies has crazy out performed the market. If you want some small/mid cap exposure, this is the way to go.
Good report from LOW (+6% in pre-market):
Meh for Target:
Meh for Target:
@Rutgers Chris
@Scarletnut
Finally some movement:
@Scarletnut
Finally some movement:
| The Big Story |
Senate crypto market bill takes shape |
| A bill seeking to clarify oversight of the cryptocurrency industry is taking shape in the Senate with the release of the long-awaited second half of draft legislation, but key policy questions remain as lawmakers set their sights on passing the bill early next year. |
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| The Senate Agriculture Committee released its portion of the crypto market structure bill last week after months of negotiations, providing the companion to draft text released by the Senate Banking Committee in July. The new 155-page discussion draft was able to secure bipartisan support — a key feat that has so far eluded the Senate Banking panel. However, it also leaves numerous policy issues unsettled, with the entire section on decentralized finance still missing from the draft text. “The key component that stands out is really that there’s these gaps in the bill, either placeholder text or text that’s missing altogether, that are sort of indicative of the fact that this is really a work in progress,” said Chris Niebuhr, a senior research analyst at Beacon Policy Advisors. While Congress passed the GENIUS Act earlier this year to regulate dollar-backed cryptocurrencies known as stablecoins, the centerpiece of digital asset legislation is market structure, which aims to clarify when digital tokens are considered securities or commodities in order to determine the relevant regulator. The drafting process was widely expected to be more complicated and drawn-out than that of stablecoin legislation given that it covers a broader swath of the crypto market and falls under the jurisdiction of two committees in each chamber of Congress. The House Financial Services and Agriculture committees jointly introduced their version of the market structure bill, the Clarity Act, which passed the House in July. But the Senate is forging ahead with its version of the legislation, with its two committees also proceeding on separate tracks. Senate Banking Republicans released their discussion draft shortly after the passage of the GENIUS Act. They have since sought to negotiate with crypto-friendly Senate Democrats on the language, a process that briefly fell apart in October over a leaked policy proposal. The Senate Agriculture Committee instead opted to negotiate before releasing a draft, leading to a months-long delay but allowing for a bipartisan product that has the backing of both Chair John Boozman (R-Ark.) and Sen. Cory Booker (D-N.J.), the top Democrat on the subcommittee overseeing digital assets. “It took a long time to get there … but I think we would prefer it taking longer but getting bipartisan support because they’re already now a leg up on the other committee,” the Digital Chamber CEO Cody Carbone told The Hill. However, the draft text is still a way off from being finalized. In addition to the missing section on decentralized finance, several portions of the bill are in brackets, signifying that they remain unresolved. Check out the full report at TheHill.com. |
The Godfather of AI. Amazing earnings and guidance today, even moreso with no forecast for China (so that's all upside):
Better numbers than expected, but still meh (and obviously pretty stale since its from Sept).
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U.S. nonfarm payrolls increased 119K in September, more than double the +50K consensus and rebounding from 4K dip in August (revised from +22K), according to delayed data released by the Bureau of Labor Statistics on Thursday.
Even as nonfarm payrolls grew, the unemployment rate ticked up to 4.4% from 4.3% in August in vs. 4.3% consensus and 4.3% prior.
The headline payrolls number looks strong, compared with the weakness in August, but it has shown little change since April, the BLS said.
The sectors that have been the source of much of the hiring in the U.S. continued to trend up — health care, food services, and social assistance. Job losses occurred in transportation and warehousing and in the federal government.
The labor force participation rate increased slightly to 62.4% from 62.3% in the previous month.
In other news, Walmart continues to do what it does:
Walmart hikes sales and earnings forecast as it attracts shoppers across incomes
Walmart hikes sales and earnings forecast as it attracts shoppers across incomes
PANW had a modest double beat. Was down at least 6% at one point but has rebounded a bit, now down 1.5% Rev's up 16%yoy. "The company said next-generation security annual recurring revenue increased 29% year-over-year to $5.9 billion" That looks to be half of their rev's, so I'm thinking that is pretty much all of their growth?
They also bought a company for $3B. "Palo Alto announced it entered into a definitive agreement to acquire Chronosphere, a next-gen observability platform built to scale with AI. The acquisition is expected to strengthen the company’s ability to help organizations meet demand for unified data and security foundations."
A bit below $200 at the moment, that had been resistance, it broke above that resistance and got as high as $220, I'm thinking $200 becomes support here.
120x p/e but about 13x rev's. Which isn't terribly expensive.
Stock is dead flat over the past 12 months, and only 10ish% higher then it's feb 2024 highs. Zoom further out to a 5 year and it's more then a 3x.
They also bought a company for $3B. "Palo Alto announced it entered into a definitive agreement to acquire Chronosphere, a next-gen observability platform built to scale with AI. The acquisition is expected to strengthen the company’s ability to help organizations meet demand for unified data and security foundations."
A bit below $200 at the moment, that had been resistance, it broke above that resistance and got as high as $220, I'm thinking $200 becomes support here.
120x p/e but about 13x rev's. Which isn't terribly expensive.
Stock is dead flat over the past 12 months, and only 10ish% higher then it's feb 2024 highs. Zoom further out to a 5 year and it's more then a 3x.
Nasdaq up 2.3% at 9:50 AM.
Tom Lee called for a choppy Nov early this month. Then a rally in Dec. He got the first half right.
Tom Lee called for a choppy Nov early this month. Then a rally in Dec. He got the first half right.
Thought market would be reacting much better to NVidias earnings…giving back most of gains from last few months and hoping Tom Lee is right about a rally in December.
Half billion damages awarded by Spanish court to Spanish media companies against Meta for an unfair market advantage by extracting personal data from internet users to create more effective advertising. Meta will appeal. You can bet the rest of Europe is interested
Might account for the Nasdaq drop after the strong opening.
To borrow from Margaret Thatcher, the socialists are running out of other people's money.
Might account for the Nasdaq drop after the strong opening.
To borrow from Margaret Thatcher, the socialists are running out of other people's money.
Europe hates the fact that their biggest tech innovations are Nutella and Paella.
One company does not a market make. Reset is in order. And long overdue, no?
It's okay to go down from time-to-time. But the S&P will be over 7,000 soon, so you need to buy these dips!
This thread is like the Maryland game thread. The early posts didn’t age well.
Watching the private equity firms. Waiting for signs that the bottom is in.You haven't been posting enough new ideas!
APO has leveled off around the lows hit in April. KKR is not far off from those April lows. Blue Owl broke below.
The direct lending companies. MSDL is Morgan Stanleys direct lending arm. OTF is blue owls tech focused arm.
Tons of bad news being baked in. Maybe too much?
Big div's, especially the direct lending co's.