Well......ignoring the boring and irrelevant short term markets today. I wired the funds for my kids house closing this Friday. I have done lots of wires over the years....but....it always makes me a little nervous wiring nearly $800,000....with all the wire fraud you hear about. I did confirm the wire instructions with the Escrow/title company rep. I also called the builders rep and confirmed the wiring instructions with him....since I know who he is and recognize him over the phone. So I did a double confirmation of the wiring information. I also have confirmation that the wire is done and the funds are siting in escrow. At some point after the new house closes....I will prepare a note and Deed of Trust for my sibling....the provider of the funds for the loan on the new house. There is no hurry since the payment on the new house....will not start till my kids old house is sold....so they will not have two payments. At this point it looks like their old house will close about July 9. At that point I will than have about $550,000 to invest in my siblings brokerage account from the pay off of the old house and the down payment on the new house. My plan for those funds is to put the majority into HD stock....with a little into AAPL. I sold most of their HD position when I was gathering the funds for the new house a couple of months ago. I used their HD position as the source of funds since it had the lowest gain in their account and that will help to reduce capital gains taxes. So.....I will replenish the HD position. When I am all done with the money moves...my siblings brokerage account will be back to being fully invested in line with my Portfolio Model....for the long term as usual.
LOL SMOKIE......when you posted the above I was just preparing to post this. Apple stock surges to record high after AI announcements https://finance.yahoo.com/news/appl...rd-high-after-ai-announcements-150325922.html I will take it as a shareholder. The stock is currently at $204.80. A gain of +$11.68.....or.....+6.05%. So....their YTD gain is now at.....+10.32%.
Speaking of AAPL and AI and adding in a little NVDA to the mix. Nvidia Eclipsing Apple Threatens Radical Shakeup of $67 Billion ETF https://finance.yahoo.com/news/nvidia-eclipsing-apple-threatens-radical-134050864.html (BOLD is my opinion OR what I consider important content) "(Bloomberg) -- One of the world’s biggest tech ETFs looks poised for a shake-up after Nvidia Corp. catapulted past Apple Inc. in size. Thanks to diversification rules, the $67 billion Technology Select Sector SPDR Fund (ticker XLK) has held way fewer Nvidia shares for months now while the AI giant continues to soar. Currently, the chipmaker makes up roughly 6% of the fund’s assets, compared with 21% for the S&P 500 Information Technology Index — spurring XLK to underperform big time this year. Now that Nvidia has raced past Apple in value, its ownership in XLK could undergo a drastic elevation when the ETF carries out a quarterly rebalance near the end of this month, according to Bloomberg Intelligence. The ETF will reflect the full heft of the semiconductor pioneer’s capitalization — if Nvidia keeps its edge over Apple on Friday, the day when each XLK member’s preliminary representation is determined. In the process, Apple’s weight, currently at 21% of the fund, could drop to as little as 4.5%, thanks again to this diversification rule. Such a shuffle could prompt XLK’s manager, State Street Global Advisors, to load up on Nvidia shares to the tune of $10 billion, Bloomberg calculations show. Meanwhile, the fund would need to dump around $11 billion of Apple shares. That’s not a petty transaction, particularly for Apple. Over the past three months, the stock has changed hands at a rate of $11 billion a day. “If Nvidia is larger on the reference date, they will have to flip the weights and sell Apple,” said Bloomberg Intelligence analyst James Seyffart. “They will do whatever is required by the rules,” he added. “They were being forced to make even larger relative sales of a stock in the past.” A State Street spokesperson said the firm will follow any revisions as set by the index methodology. A spokesperson for S&P Dow Jones Indices declined to comment on potential index changes and referred Bloomberg News to the methodology. It’s the latest example of how the relentless rally in tech behemoths is pushing up against the limit of regulations that date back more than 80 years. Established to protect investors following the stock market crash and the Great Depression, the diversification rules can be punishing in a lopsided market. At issue is a cap on how much a stock’s impact is allowed in XLK. While the fund is designed to mimic returns in the traditional S&P 500 tech sub-index over the long run, it tracks a version of the sector gauge that’s kept by S&P and follows the practice of limiting member weights to avoid violating diversification rules. Similar restrictions last year spurred the overseer of the Nasdaq 100 to conduct a special rebalance to keep index-tracking funds in compliance with the rules. Under those rules, the combined representation of the largest companies — those making up roughly 5% or more of a diversified fund — can’t add up to more than 50%. When this rule is breached, indexes such as the Nasdaq 100 tend to trim the top holdings proportionally. XLK’s methodology works differently. When a number of stocks are not in compliance, the smallest of those gets clipped. In the previous two quarterly rebalances, Nvidia’s weight in XLK was cut to 4.5% each time because its value trailed Microsoft Corp. and Apple, and was therefore more exposed to a reduction. That happened even as the chipmaker made up 17% of the regular S&P 500 tech index in March and 11% in December. As a result, XLK suffered from not owning enough Nvidia, with the latter surging around 145% year-to-date amid the AI frenzy. The ETF has lagged behind the traditional S&P 500 tech gauge by 4.5 percentage points this quarter — on track for the widest dispersion since 2001. In the event that a switch does happen, Chris Harvey, head of equity strategy at Wells Fargo Securities, is more focused at the implications on how XLK may fit in an investor’s portfolio. “The potential switch of sizing up of Nvidia and sizing down of Apple would make a very significant characteristic change to XLK,” he said. “We will have an ETF that is more semis-oriented and more momentum-orientated. It is changing the characteristic, which means it may change the way the ETF trades.”" MY COMMENT A little lesson that investors should understand how their ETF's work and what external and internal rules they are required to follow. This will be a BIG FLIP of those two stocks in the ETF.
I dont feel sorry for BOEING at all. They deserve what is happening. Ridiculously STUPID management....at the company. I saw another story this morning about a Boeing 777 landing with flames coming out of an engine. These stories are now happening nearly every day and are relentless. Boeing sales tumble as the company gets no orders for the 737 Max for the second straight month https://finance.yahoo.com/news/boeing-sales-tumble-company-gets-151533937.html "Boeing received orders for only four new planes in May — and for the second straight month, none for its best-selling 737 Max, as fallout continues from the blowout of a side panel on a Max during a flight in January. The results released Tuesday compared unfavorably with Europe's Airbus, which reported orders for 27 new planes in May. Boeing also saw Aerolineas Argentinas cancel an order for a single Max jet, bringing its net sales for the month to three." See article for more content. MY COMMENT You get what you deserve. What a WASTE of what should be a great company and a great stock. AND...this stock is STILL a MASSIVELY FALLING KNIFE.......buyer beware. I would not touch this stock with a 1000 foot pole.
I got this from a local....San Antonio....realtor today. Even though the realtor is local to Texas I think this is a pretty good summary of where we are with real estate, mortgage rates, prices, listings, etc, etc, etc.....on a national level. Mid-Year Market Update for 2024: What Buyers and Sellers Need to Know https://www.jennifersample.com/blog/post/3900231
WELL....I am currently down mid-day by a small amount. Nothing big going on in the markets or for me personally. Three stocks in the GREEN right not......HD, PLTR, and AAPL. I will sit and wait......what else can I do as a long term, all in, all the time, investor?
Ok....good. A nice turn-around for the SP500 and the NASDAQ as we head to the close in 20 minutes. I am now trying to not read anything about NVDA. It is mostly....EXUBERANCE MONGERING. It is great when you have a stock and a business take off like NVDA has done. BUT....it has a very subtle way of creeping into your brain and creating excess expectations for more and more big gains....and better and better earnings. I dont want to fall into the exuberance trap.....of crazy expectations for the future....with this company. I want to try to stay NEUTRAL and UNBIASED about the present and the future.
A very nice close today. I ended the day with eight of nine stocks in the GREEN.....a really good turn-around. My single RED stock....NVDA. I also beat the SP500 today by 0.33%. I had a nice "medium" level gain. AND.....of course.....a new all time high. Two nice days....for me..... to head into FED Wednesday.
Looks like I am not the only one at an all time high today. Stock market today: S&P 500, Nasdaq notch fresh records with Apple as CPI, Fed decision loom https://finance.yahoo.com/news/stoc...apple-as-cpi-fed-decision-loom-200037315.html (BOLD is my opinion OR what I consider important content) "Two of the three major averages closed at fresh records on Tuesday as Apple (AAPL) soared to new highs. Investors braced for a new reading on consumer prices and for a Federal Reserve decision that should signpost the path of interest rates. The S&P 500 (^GSPC) gained 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) gained about 0.9% as Apple closed at an all-time high. The Dow Jones Industrial Average (^DJI) dropped roughly 0.3%. Stocks have managed to make headway in recent days despite market uncertainty about an economy that may be too hot or too cold for comfort. A string of inconclusive data has fueled skepticism about the likelihood of three rate cuts in 2024 as had been envisaged by the Fed in March. Many investors now predict just one reduction before the year's end. The two-day Fed policy meeting that kicked off Tuesday is heavily expected to end with borrowing costs kept at their two-decade high. Investors will still watch out for hints on when a shift to cuts will come, with September or November in the frame. Investors calculating the rate-reduction odds are also looking ahead to May consumer price data due out on Wednesday, given its crucial role in the Fed's deliberations. Meanwhile, Apple shined in the world of corporates, as shares rallied more than 7% to close at a new record as Wall Street cheered the iPhone maker's big AI debut.' MY COMMENT What can I say other than we continue with the BULL MARKET......and.....the STEALTH RALLY. As we have seen a number of times lately.....we start FED WEEK with some gains.
AAPL had a mild gain yesterday as the markets seemed underwhelmed by their AI strategy. BUT....today was a different story as the markets and more importantly....retail investors (I assume)....had a chance to dig into the details of what APPLE was planing. Apple stock surges to record high after AI announcements https://finance.yahoo.com/news/appl...rd-high-after-ai-announcements-150325922.html
I have to agree that Boeing, once probably my favorite and most successful stock at the time, has completely lost it's way. To me it's a complete lost cause as a worthy company to invest in. The CEO straight lied to the investors and general public about their 737MAX issues. They are in bed with Russia for all their titanium structural components (to a point where we struggle to have the capabilities here in the US to even produce them). Lastly the transition from an Engineering company to an accounting company. I made money on the stock but would have made alot more if I would have looked at the signs and not been blinded by their stellar stock performance and blatant lies and deception. I take these learnings and apply them to my current portfolio. I am not married to any stock and if something seems off then I cut and move on.
I agree TireSmoke......a complete LOST CAUSE. And......there was no reason this had to happen. Total management......board and executives..... malpractice
The OBVIOUS market tailwind today. Lets hope it does not blow itself out for the rest of the day or week. Inflation eases in May as consumer prices rise at slower than expected pace https://finance.yahoo.com/news/infl...e-at-slower-than-expected-pace-123413485.html (BOLD is my opinion OR what I consider important content) "A closely watched report on US inflation showed consumer price increases cooled during the month of May, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. The Consumer Price Index (CPI) remained flat over the previous month and rose 3.3% over the prior year in May — a deceleration from April's 0.3% month-over-month increase and 3.4% annual gain in prices. Both measures came in lower than economist expectations. It was the lowest monthly headline reading since July 2022. A decline in energy prices, led by a drop in gas prices, contributed to further downward pressure on headline CPI. On a "core" basis, which strips out the more volatile costs of food and gas, prices in May climbed 0.2% over the prior month, the lowest monthly core reading since June 2023, and 3.4% over last year. Both measures were also cooler than April's data and lower than economist estimates. Markets rose on the heels of the report, with the 10-year Treasury yield (^TNX) falling about 12 basis points to trade around 4.29%. The inflation report arrived ahead of the central bank's policy decision at 2 p.m. ET. "The CPI release for May is very good news for the Federal Reserve and it is going to be even better news for the PCE price index, which will be released at the end of the month," Raymond James chief economist Eugenio Alemán said on Wednesday. Inflation has remained stubbornly above the Federal Reserve's 2% target on an annual basis. And even though this CPI report is unlikely to have an outsized effect on the looming Fed decision, the timing has attracted more attention to its release. Fed officials have categorized the path down to 2% as "bumpy," and other recent economic data has supported the Fed's higher-for-longer narrative on the path of interest rates. On Friday, the Bureau of Labor Statistics showed the labor market added 272,000 nonfarm payroll jobs last month, significantly more additions than the 180,000 expected by economists. Wages also came in ahead of estimates at 4.1%, although the unemployment rate rose slightly to 4% from 3.9%. Notably, the Fed's preferred inflation gauge, the so-called core PCE price index, has remained particularly sticky. The year-over-year change in core PCE, closely watched by the Fed, held steady at 2.8% for the month of April, matching March. Investors now anticipate a range of one to two 25-basis-point cuts in 2024, down from the six cuts expected at the start of the year, according to Bloomberg data. Following the data's release, markets were pricing in a roughly 69% chance the Federal Reserve begins to cut rates at its September meeting, according to data from the CME FedWatch Tool. That's up from about a 53% chance the day prior. Shelter prices remain sticky, energy index falls Notable call-outs from the inflation print include the shelter index, which rose 5.4% on an unadjusted, annual basis, a slight slowdown from April. The index rose 0.4% month over month and was the largest factor in the monthly increase in core prices, according to the BLS. Sticky shelter inflation is largely to blame for higher core inflation readings, according to economists. "We are still waiting to see further moderation in rent of shelter," Oxford Economics lead US economist Bernard Yaros said. "We are confident that the CPI for rent of shelter will eventually downshift, given the rise in rental vacancy rates, but the timing is still uncertain." The index for rent and owners' equivalent rent (OER) each rose 0.4% on a monthly basis, matching April's rise. Owners' equivalent rent is the hypothetical rent a homeowner would pay for the same property. Lodging away from home decreased 0.1% in May after falling 0.2% in April. Energy prices fell in May, driven by a significant drop in gas prices. The index declined 2% over the prior month after rising 1.1% in April. On a yearly basis, the index climbed 3.7%. Gas prices fell 3.6% from April to May after rising 2.8% the previous month. The food index increased 2.1% in May over the previous year, with food prices rising 0.1% from April to May. The index for food at home came in flat over the month while food away from home rose 0.4%. Other indexes that increased in April included medical care, used cars and trucks, and education. The indexes for airline fares, new vehicles, communication, recreation, and apparel were among those that decreased over the month, according to the BLS." MY COMMENT As good a reading as possible right now. I expect oil and gas to continue down. Shelter will go down too....but it has a longer lag time and is being held high by various supply and demand factors. A pretty well.....perfect reading.....compared to expectations. NOW....we need thisi to kick off a nice little rally. RALLY TIME....PLEASE.
And.....more good news as a result of the above. 10-year Treasury yield tumbles ahead of Fed decision after CPI is unchanged in May https://www.cnbc.com/2024/06/12/us-treasury-yields-ahead-of-fed-decision-key-inflation-data.html
The BATTLE continues. Apple overtakes Microsoft to return as world's most valuable company https://finance.yahoo.com/news/apple-beats-microsoft-return-worlds-134833825.html "Apple (AAPL) once again became the world's most valuable company on Wednesday, dethroning Microsoft (MSFT) from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology." MY COMMENT As an owner of all three....MSFT, NVDA, and AAPL......I am in the thick of this little battle. "There can can be only one." BUT....I am happy to own all three.
It is such a BEAUTIFUL day in the markets....I am just going to sit back.....watch the markets....and....enjoy the ride.
A BEAUTIFUL day it is W! Big gains coming in today (and this year). New ATH on the account is always a good thing. I agree Tom, AMD is victim of media having no news to report on much like Chopotle. I will continue to hold some shares for now. The NAV on those is around $40 so that tells you how long I've been sitting on those, but most if not all of those were bought in the single digets or low teens but were victim to an automatic stop loss trigger where they sold and I rebought them.
The short version of the AMD story is: a handful of sources are all citing the same benchmark that shows a 7900x3d is faster at some games than a 9950X. In fact, the two parts are pretty similar for several games. The thing is, we know that v-cache (the "3d" suffix on the part number) is good for a 20~30% boost on most games. They are comparing a desktop part to a gaming part. The 9900X is a very nice boost over the 7900X, exactly as promised. It's a false narrative and v-cache laden parts will be announced very shortly. What's more, there is a massive improvement in cache latency so this will end with AMD owning the gaming market for some time. This is a buy opportunity. Be patient. This BS will pass like the hay that went into it.
