While you could be right about retail your argument can be applied to the entire market. If you are bearish then you shouldn’t be holding anything ( there are some sectors and companies to hold but you get the idea ).
There are a lot of "things" that are not adding up... When we see mega corporations shares drop 10% or more in a single day there is a message in itself. That is the bucket of cold water being poured down the "so called" investors or analysis back. The term we Poor's use is a dose of reality. For over a year we have been talking about the Government running the $$$ printing presses wide open for 24 / 7... Time to "Pay the Piper" for all that free money that was doled out. Unfortunately the Government is still doling it out to places other than the USA.
| COST | Costco Wholesale Corporation Common Stock | 198,715,178,179 | $448.34 | -42.13 | -8.59% |
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| DLTR | Dollar Tree Inc. Common Stock | 30,133,268,640 | $133.86 | -22.49 | -14.38% |
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Reports like this just prove the FED Reserve does not have a clue as to what is happening in the real world while it continues to spew out propaganda with key words like "leveling off". America can not financially bail out a worldwide financial collapse. Be it COVID, oil, shipping, inflation, drought or war...... NATO, CDC, and UNICEF are some of the leaches that need to be picked off.....
What kinda worried me is he stated he is fine with the unemployment rate increasing.
I do not think labor participation rates will ever recover - too many people taking early retirement and never going back to "woke" US corporations. Add to that US companies outsourcing as much "white collar" jobs as possible overseas and for the final nail a surge of AI/ML taking jobs. We are seeing tip of iceberg of dramatically lower labor participation
I think that "panic buying" phase has ended... That was one more thing that stove off the reality of the onset of a recession. The concerning thing (in the short term) is the BNPL mindset (Buy Now, Pay later)... That too will skew the recession numbers for the next 2 months, or so. Between these actions skewing numbers and the FED Reserve delaying it's actions in an effort to create a soft landing...... The actual recession momentum is picking up speed.
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www.reuters.com Pretty meaningless. Retail companies are compared against Amazon in ESG calculations. Look at an industry’s ESG chart and it reflects market cap almost exactly. At least in retail.Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury
An S&P Dow Jones Indices executive said it had removed Tesla from the S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles.
Yep.
I covered my Target short at open. Left some money on the table, but I have little interest in holding a short for long.
Been there, done that, got the T shirt and wore it out.......... Staying too long at the party leaves lasting memories.
Thought about getting some calls on a few things today, but decided against it. Just going to watch for awhile.
If you are young, under 30, this is just a bump in the road and you will recover.
www.cnn.com Yep, food commodities appear to be trending down... Higher prices are forcing people to cut back just a bit and use up some of the things stored in their pantry. Local organic small farms are passing their cost increases on to their customer's. Some of their local restaurant accounts are decreasing the size of their weekly orders. Local's just are not eating out in restaurants like they were doing when the pandemic ended. Supply and demand 101.Even more people calling on a 30% drop this morning.
Batten down the hatches...
I believe we are already in one. We are just not calling it by name yet.
Yep... They use the word accelerate and I use the word momentum... similar to shooting a rifle. The analyst think it will be a hot round that's going to drop off quick. I see a heavier, slower round that will carry farther and do more damage. Just an opinion. The longer this administration attempts to bail out the corrupt nations of the world, the more damage that will be done to the USA.
It’s more so capital allocation majority investors are having issues with. Tesla has $18B in cash sitting on the balance sheet with no debt and positive FCF. They should do a $5B buyback in 2022 and $10B in 2023.Batten down the hatches...
Billionaire Leo Koguan, who claims to be the third largest individual shareholder of Tesla stock, is calling on the carmaker to announce a $15 billion stock buyback as the company’s share price continues to fall.
Tesla whale calls for $15 billion stock buyback after share price craters
Leo Koguan, who claims to be the third-largest individual shareholder of Tesla stock, is calling on the carmaker to announce a $15 billion stock buyback.www.cnbc.com
Of course we are in a recession..... Depending on a person's lively hood, it's similar to the saying "Can't see the Forest for the Tree(s)"..... The blue collar worker stopping to fill his gas tank this morning has a clear view of the forest. The Wall Street analysis and Reporter's live in a shoe box, walk to work, spend the day in a cubical and read propaganda all day on their computer. When the boss tells them to write a positive analysis or produce a cheerful talking head video... That's what they do. They can't see the forest because of one big tree blocking their view. That is the "Job Scared Tree"....
You are in the "Cat Bird Seat"... Your's to win or your's to loose...
Stock in undervalued by Tesla’s own estimates. Additionally, they are announcing 1-3 new gigs factories this year (Q3/4 I believe). That cash isn’t needed. They should leverage the balance sheet and deploy the cash in ways which have much greater return. However, I’m also in the camp that I don’t really care what they do with cash at this point.
Cisco is being (and has been) hammered by supply chain issues. They are now telling customer it will be over a year for some products.Today must be Cisco's day in the barrel. Down about 14% and it's still early
Why would you expand past what supply chains can currently support? 1-3 factories every 2 years seems ideal.
Annnnd...next up CCP and Taiwan rodeo.
What about expanding and build factories that make the parts that are hobbling production... What about a battery plant ? What about a tire plant. Just throwing thoughts out there.... With this move, I can't help but think Elon is ready to move on to some other endevour. Bump the share price up as he makes his exit.
That can already do all of that with FCF. They aren’t constrained by capital. I believe Elon will step down in 3-5 years.
