To continue....but...PLTR is still below its recent high by $33.32.....a drop of.....17.59%....since August 12, 2025. A reality check and the start of a long period of price weakness and consolidation as the stock moves down? OR Room to run?
The "stars" continue to line up for a FED rate cut this month. They meet on September 16 and 17. Fed hawk Musalem opens the door to possibility of rate cut https://finance.yahoo.com/news/fed-...oor-to-possibility-of-rate-cut-132533130.html Some very good discussion in this little article.
I'm a little late on the thread this week...so just catching up and seen your update on WMT. They haven't done too bad at YTD at +12% so far. Of course, that is a short time frame in our investing world. Interesting to see the update on that.
Do you think the FED will wake up now. Late to the party as usual. US economy adds 22,000 jobs, unemployment rate hits 4.3% in August as labor market continues dramatic slowdown https://finance.yahoo.com/news/us-e...NjkhKeeD921JNsfT7Iwaj_I5aN1VhcSltGk41SkL6KN6I (BOLD is my opinion OR what I consider important content) "The US labor market continued its dramatic summer slowdown in August. The August jobs report released Friday by the Bureau of Labor Statistics (BLS) showed there were just 22,000 new jobs added to the economy last month, far fewer than forecast and the latest sign that the US labor market has cooled in recent months. The unemployment rate rose to 4.3% last month. Economists had expected the report to show 75,000 jobs were created in August with the unemployment rate forecast to rise to 4.3%, according to data from Bloomberg. In July, the economy created 73,000 new jobs, but those figures were revised on Friday to show there were 79,000 jobs created during the month. Revisions to June's data, however, were more negative with those numbers now showing there were 13,000 jobs lost during the month, the first outright monthly decline since 2020. Revisions in early August had brought June's job growth down to 14,000. These revised figures now suggest that over the last three months, the US economy has created fewer than 30,000 new jobs, on average. After the July jobs report showed there were 258,000 fewer jobs created in May and June than previously estimated, President Trump fired the head of the BLS. Average hourly earnings rose 0.3% over last month and 3.7% over the prior year in August; Wall Street expected hourly earnings to have increased 0.3% over the prior month, and 3.7% over last year. "August’s Employment Report confirmed that the labor market has headed off a cliff-edge," wrote Bradley Saunders, North America economist at Capital Economics, in a report on Friday. Friday's report comes after data out Thursday from private payroll provider ADP showed there were 54,000 private sector jobs created last month, while data from the Labor Department showed initial filings for unemployment insurance tallied 237,000 last week, the most since June. By industry, Friday's report showed education and health services was the largest job creator, adding 46,000 employees during the month. Losses were sharpest in the durable goods and business services industries, where 19,000 and 17,000 jobs were lost in August, respectively. There were 16,000 jobs lost from the government sector in August. Following this report, stock futures were mixed with tech trading higher, and bond yields were falling as traders priced in a 100% chance the Federal Reserve cuts rates at the conclusion of its September meeting. Data from the CME Group showed traders putting an 88% chance on the Fed cutting rates by 0.25% later this month; bets on the Fed cutting rates by 0.50% were given a 12% chance of coming through, according to the CME's pricing. "A weaker-than-expected jobs report all but seals a 25-basis-point rate cut later this month," said Ola Sonola, head of US economic research at Fitch Ratings, in an email on Friday. "Near term, the Fed is likely to prioritize labor market stability over its inflation mandate, even as inflation drifts further from the 2% target. Four straight months of manufacturing job losses stand out. It’s hard to argue that tariff uncertainty isn’t a key driver of this weakness."" MY COMMENT In the modern era of computing power and data it is TOTALLY RIDICULOUS that our employment data is this CORRUPT, DISTORTED, and INACCURATE. I totally agree with a complete cleaning house of the people that are responsible for producing this data. They have a single job....put out accurate information. As to the FED.....they will now once again be in their usual position of trying to catch up with the data and information that they have been sitting and IGNORING. MORONS.
Yes, the PLTR articles are interesting. The stock is interesting to follow at times too. It is very popular and catches some headlines pretty regular. My guess is day traders enjoy it too from a volatility standpoint....although I am not in that group, so there's that. I also do not mean that in a negative way, everyone does their own thing. I agree, you have to know what you are getting into on this one. Again, that's not a negative, but it can definitely have some wild swings. I don't own any outside of the index. If I did, I would have to limit the percentage down to a comfortable level for myself .
AMAZING.....the current price of an once of gold and silver. I will not be buying any at these prices. I will still buy the Silver Eagles that I need for birthdays and Christmas for family. BUT....I will not add anything to my HOARD. I am now at a new all time high....in my gold and silver. I dont even get to look at it....as it sits in a big safe off-site. AND......NO.....I still dont consider gold or silver an investment. yes...it is an asset....but in my world....not an investment. Gold Hits a Fresh Record High as Key US Jobs Data Weakens https://finance.yahoo.com/news/gold-holds-near-record-high-235042198.html
Yeah, we should be able to produce some accuracy with any of these reports. If they are not going to be correct, why use it? At this point, it would be nice if any of them were just close. Some of this stuff ends up with huge revisions. Like the report today. Is it even close? I suspect we will probably just keep getting revisions.
I agree with your thoughts above Smokie.....regarding PLTR. BUT....I would qualify that with the comment that it is a stock that is held by the little retail investors. The big Wall Street boys and girls.......hate the company. Although they do use it as a short trade vehicle.....or at least try to. Anyone with a SP500 INDEX owns a nice chunk of PLTR since it is in the neighborhood of number 25 in the index with a weight of....0.63%.
To speak generally......I am not surprised by the "economists" being wrong once again on the jobs numbers. They are just about ALWAYS WRONG on everything. There is no "science" behind the study of economics....it is all theory. Much of it.....DUMB...theory. There are a lot of things that I TOTALLY IGNORE as an investor.....near the top is anything that comes out of the mouth or brain of an economist.
Yeah, you are right. Last numbers I read showed about +50% was held by retail. I can't swear that is accurate, since I read it on something on the internet..lol. I'll have to check my index weighting out of curiosity now...looks about 0.61%
I usually use this site for my SP500 Index holdings information. They seem to usually be pretty up to date. https://www.slickcharts.com/sp500 In fact I now see it as....0.62%.
Well, at such a tiny percentage of PLTR at 0.61%.....I surely can handle more than that. I am going to back the truck up and dump a ton in it.... No, No. Just kidding.
With four stocks green and four stocks red right now.....I have no doubt that I am in the RED overall. Thanks to PLTR and NVDA so far today.
NOT so much for me today so far......but....I do like the general trend that we are seeing across thee broad Indexes today. Stocks rise to record highs as traders bet latest jobs report will push Fed to cut rate https://www.cnbc.com/2025/09/04/stock-market-today-live-updates-.html (BOLD is my opinion OR what I consider important content) "Stocks rose to all-time highs despite a weak August jobs report as traders bet the data would lead the Federal Reserve to cut rates later this month. The S&P 500 climbed 0.2%, the Nasdaq Composite advanced 0.5% and the Dow Jones Industrial Average climbed 71 points, or 0.2%. All three leading indexes had reached fresh record intraday highs during the session. The August jobs report saw the U.S. economy add 22,000 jobs on the month, the Bureau of Labor Statistics reported Friday. That’s below the 75,000 that economists polled by Dow Jones had expected. The unemployment rate also rose to 4.3%, in line with expectations. Traders are hoping the reading will lend support to the Fed’s case to go ahead with an expected rate cut at its September policy meeting. Fed funds futures trading suggests that benchmark interest rates will likely move a quarter percentage point lower when the central bank makes a decision on Sept.17, according to the CME Group’s FedWatch tool. Not only that, traders put a half-point cut in play for mid-month following the payrolls data, per the FedWatch tool. That’s up from a zero chance of a super-sized cut the day before. “This gives the Fed the greenlight to cut by 25 basis points and I think it’s going to bring 50 basis points of rate cuts on the table for this September FOMC meeting and that’s why markets are positive,” said Saira Malik, Nuveen’s equities and fixed income head, on CNBC’s “Squawk Box.” (One basis point equals 0.01%.) Investors were heading into the August nonfarm payrolls report with stocks coming off of a fresh record. They are betting rate cuts will recharge an economy that is flagging but still in no danger of a recession. Stocks are also on pace for a winning week. The S&P 500 has climbed 1%, while the technology-heavy Nasdaq Composite has registered a 1.8% gain. The 30-stock Dow has gained 0.4%. A pop in Broadcom shares supported Friday’s move higher. That comes on the heels of the chipmaker’s latest quarterly results beating Wall Street’s expectations. The company’s chief executive, Hock Tan, also disclosed in a call with analysts that Broadcom had secured $10 billion in custom AI chip orders from a new customer." MY COMMENT A very strong general market going on right now. The impending rate cut will be a big driver over the rest of the year for stocks.
As to NVDA and PLTR. NVDA is currently DOWN by 9.84% from the all time high of $184.48 which happened on about August 12. Close to CORRECTION.....defined as a 10% drop. PLTR is currently DOWN by 20.23% from the all time high of about $190 which also happened on about August 12. So the stock is now in.....short term....BEAR MARKET range....defined as a 20% drop..
Yes, just funning around...most definitely. You bring up a point though. Most (maybe some) do not consider that very point about already holding a certain percentage/weight of stocks when they also hold other things or add positions. I know that you mention it pretty regular with your "triple up" language in your portfolio updates. It is a good thought to keep in mind when adding certain things. I'm not saying anything is wrong with adding more allocations, but I think sometimes folks overlook the fact they may hold a good chunk of the top ones already (at least index wise). Nothing wrong with adding to this....if one desires to. I used to keep an eye on that when I held or added certain things to my portfolio. I didn't want to get way top heavy, but still would increase some of those things....to a comfortable level.
As to the above....we had a MASSIVE short attack on PLTR a few weeks ago with MUCH media piling on. NVDA has been under CONSTANT and RELENTLESS media attack lately over the past week or two....probably also driven by Professional traders. BUT....I also have no doubt that there has been profit taking in both stocks by little investors. When I invested my $25,000 and WMT proceeds a day ago....I did buy shares of both companies as well as shares of all my other stocks. So yes....I am still buying. NVDA is well over 20% of my largest personal portfolio. I dont like to see one holding at that level....but....it is due to success. AND....with the massive Capital Gain that I have......I just can not stomach the thought of selling some and taking some profits. I dont want the TAX HIT and the bump to my taxable income. So as usual......I will sit and let winners run.....even if it means having to sit through a correction or bear market in the stock once in a while. On paper the recent earnings of BOTH companies give me great hope for the future. BUT......those earnings are uniformly ignored and disrespected....over the past 3-5 years. I dont like this one bit.....squandering great earnings and what should be gains.
Yeah, a good spot/tough spot all at the same time....especially in a taxable account. I have seen this play out a number of times with a few friends. They are having good success with their holdings, but also are getting a touch uncomfortable with their current weightings and at the same time not wanting to take a tax hit either. (Not saying you are uncomfortable, just sharing a similar experience). One of them finally decided to do some trimming over a period of time and got it where he wanted.....the other one is just letting it go.
