LOL.....you have got to love the DATA. On one hand the most recent new home sales SLIP. On the other hand the prior month data is REVISED UP. US new home sales fall in July; June sales revised higher https://finance.yahoo.com/news/us-home-sales-fall-july-141838273.html Can you trust any of it? I doubt it. However the good news......NONE of it is worth anything to me as a long term investor. I dont rely on any of it for my investing. It is short term media chaff and short term NOISE.
So far I am seeing.....LITTLE TO NOTHING....relevant to investing in any of the financial news today. It is first....massively politics. It is second.....general fluff. AND last....what I am seeing today has nothing to do with fundamental investing or individual stocks. it appears to me that so far today just about ALL the financial news content is totally irrelevant....just treading water by the media......mostly to fill white space today. I am sure they are ALL on hold while waiting for NVDA earnings mid-week.
Here is the market today. S&P 500 slips to start week, Intel and Nvidia lend support to Nasdaq https://www.cnbc.com/2025/08/24/stock-market-today-live-updates.html (BOLD is my opinion OR what I consider important content) "The S&P 500 fell on Monday as investors looked ahead to Nvidia earnings later in the week. The S&P 500 shed 0.2%, while the 30-stock Dow dropped 195 points, or 0.4%. The Nasdaq Composite pared back earlier losses to rise 0.1%, propped up by gains in Nvidia and Intel. Nvidia shares were 0.6% higher. The artificial intelligence chip darling received a number of positive endorsements from analysts heading into its earnings report after the bell Wednesday. Intel shares also jumped, extending their gains from the previous session, on the heels of Commerce Secretary Howard Lutnick revealing Friday that the U.S. government has taken a 10% stake in the chipmaker. That could be a sign of more to come from the Trump administration, as White House economic advisor Kevin Hassett said Monday that the stake is part of broader strategy to create a sovereign wealth fund. “I’m sure that at some point there’ll be more transactions, if not in this industry then other industries,” the director of the National Economic Council said on CNBC’s “Squawk Box.” President Donald Trump echoed that sentiment, saying Monday morning that he will make deals like the Intel stake “all day long.” The moves come after stocks closed out last week with a winning session. On Friday, the blue-chip Dow soared more than 800 points, or nearly 2%, to score new all-time intraday and closing highs. The tech-heavy Nasdaq Composite also gained almost 2%, while the broad market S&P 500 rose more than 1%. The latter came within three points of its record at its session high. Stocks rallied after Federal Reserve Chair Jerome Powell’s widely anticipated annual speech in Jackson Hole, Wyoming, during which he signaled the central bank could begin easing monetary policy next month. Expectations for a quarter-point rate cut in September jumped to about 86%, according to the CME Group’s FedWatch tool, from about 75% earlier in the week. But CFRA Research’s Sam Stovall isn’t surprised that stocks are taking a breather by giving back some of their gains Monday. “A lot of the gains that we saw on Friday were the result of short covering, because I think people were very worried that the Fed would basically say, ‘We’re not cutting for the rest of the year,’” the firm’s chief investment strategist said. “We have so much stuff between now and September 17 that while we benefited from the enthusiasm on Friday, we still have a lot that we have to endure before we are convinced that the Fed will be cutting rates,” he also said, adding that the market will see “restrained gains” until then. In the week ahead, traders are looking forward to Friday’s July personal consumption expenditure price index, the Fed’s preferred inflation gauge. Economists polled by Dow Jones expect core PCE, which strips out volatile food and energy prices, will rise 2.9% on a year-over-year basis, compared to its 2.8% increase in June." MY COMMENT I tend to agree that much of the gain on Friday was short covering. In fact I see the current market....till after Labor day......as heavily influenced by the short traders......and....the very short term trading platforms. it is a shallow market with little actually going on. Even the little retail traders and investors are probably pretty caught up in the start to the school year......and the end of summer vacation for their kids.... and not paying much attention to the markets.
Ok....the big one.....NVDA. I expect that NVDA earnings will be a very nice BEAT of just about all the metrics. Unfortunately I think I am already seeing the ramp up of BS....that will cause the earnings to once again be ignored and disrespected. In line with the recent trend.....I would not be surprised in the least.....to see the NVDA earnings BEAT.....spun as a negative....not good enough. It is RIDICULOUS but we have seen this happen many times over the past years. In fact as I type this I hear Varney in the background asking a guest....."is the AI boom fading"......"what happens if NVIDIA disappoints"? Of course the guest says.....NO......his key point......you have to own it NOT trade it. This is the short term BS that the markets are having to endure right now. There is a mild.....but persistent....little wall of fear and uncertainty....underlying the markets right now and for the past week or two. A little bit of doubt and a mild crisis of confidence.
I just looked at my primary personal account......I am surprised that is is now positive with a nice medium GAIN. I have the following stocks in the RED right now although some of them have greatly improved over the past hour.....WMT, PLTR, HD, and COST. YES.....I still have a small watch-position of WMT in my primary personal account. I also note that the trades I made in one account this morning are MOSTLY in the green.. Those that are red are HD, COST and PLTR .....although even those are moving toward the green. PLTR in particular was down over $8 earlier today. It is now at about a loss of $2. Too bad I did not catch that $8 loss when my trades happened at the open.
Time to sit and wait. It is just one of those days that opens with mild negativity and a nagging feeling of uncertainty. I dont believe it is an accurate reflection of the STRENGTH of the markets and the top companies. I can feel it myself over the past day or two. Of course I IGNORE those sorts of feelings....it is just your brain and emotions messing with you. Or perhaps it is a symptom of our ancient physical and genetic reaction to the shortening day and sunlight as we approach Fall. I notice it in the animals around me over the past week or two. Most of the humming-birds that we feed all summer have suddenly disappeared over the past two weeks....they have started migrating to Mexico. The female deer are starting to group into herds after being move solitary for the past few months with their new fawns. Our horses are preparing for and signaling Fall and Winter with their hair growth and other behavior. Etc, etc, etc.
Looks like I am still hanging in there with about the same medium gain so far today. Even though I now only have three stocks in the green out of my nine. Three others are just slightly red. So far with the gain I have I am happy with the day considering.
I love this from NVDA. They never sit still....they are always looking for new opportunity. I agree with Huang that robotics has a chance to be a HUGE business for them in the near future. Nvidia’s new ‘robot brain’ goes on sale for $3,499 as company targets robotics for growth https://www.cnbc.com/2025/08/25/nvidias-thor-t5000-robot-brain-chip.html (BOLD is my opinion OR what I consider important content) "Key Points Nvidia announced on Monday that its latest robotics chip module, the Jetson AGX Thor, is now on sale for $3,499 as a developer kit. The company calls the chip a “robot brain.” The first kits ship next month, Nvidia said last week, and the chips will allow customers to create robots. Nvidia CEO Jensen Huang has said robotics is the company’s largest growth opportunity outside of artificial intelligence. Nvidia announced Monday that its latest robotics chip module, the Jetson AGX Thor, is now on sale for $3,499 as a developer kit. The company calls the chip a “robot brain.” The first kits ship next month, Nvidia said last week, and the chips will allow customers to create robots. After a company uses the developer kit to prototype their robot, Nvidia will sell Thor T5000 modules that can be installed in production-ready robots. If a company needs more than 1,000 Thor chips, Nvidia will charge $2,999 per module. CEO Jensen Huang has said robotics is the company’s largest growth opportunity outside of artificial intelligence, which has led to Nvidia’s overall sales more than tripling in the past two years. “We do not build robots, we do not build cars, but we enable the whole industry with our infrastructure computers and the associated software,” said Deepu Talla, Nvidia’s vice president of robotics and edge AI, on a call with reporters Friday. The Jetson Thor chips are based on a Blackwell graphics processor, which is Nvidia’s current generation of technology used in its AI chips, as well as its chips for computer games. Nvidia said that its Jetson Thor chips are 7.5 times faster than its previous generation. That allows them to run generative AI models, including large language models and visual models that can interpret the world around them, which is essential for humanoid robots, Nvidia said. The Jetson Thor chips are equipped with 128GB of memory, which is essential for big AI models. Companies including Agility Robotics, Amazon, Meta and Boston Dynamics are using its Jetson chips, Nvidia said. Nvidia has also invested in robotics companies such as Field AI. However, robotics remains a small business for Nvidia, accounting for about 1% of the company’s total revenue, despite the fact that it has launched several new robot chips since 2014. But it’s growing fast. Nvidia recently combined its business units to group its automotive and robotics divisions into the same line item. That unit reported $567 million in quarterly sales in May, which represented a 72% increase on an annual basis. The company said its Jetson Thor chips can be used for self-driving cars as well, especially from Chinese brands. Nvidia calls its car chips Drive AGX, and while they are similar to its robotics chips, they run an operating system called Drive OS that’s been tuned for automotive purposes." MY COMMENT This company is driven. It never sleeps. This is exactly what I LOVE to see in a business that I invest in. And.....like their AI business.....in the early stages with a product like this you never know where it will lead.
I am pulling for MSFT, AMZN, and PLTR....to turn green before the close today. All are slightly red at this moment.....and drifting along.
Another good news item for today. Canada drops several retaliatory tariffs to align with U.S. exemptions https://www.cbtnews.com/canada-drops-several-retaliatory-tariffs-to-align-with-u-s-exemptions/ "Canada is dropping many retaliatory tariffs to match U.S. exemptions, ensuring over 85% of trade with the U.S. remains tariff-free. Canada retains tariffs on steel, aluminum, and autos while negotiating with the U.S., balancing industry protection with broader trade access. Prime Minister Carney frames the move as a tactical step to preserve Canada’s trade advantage and prepare for the USMCA review in 2026, despite domestic criticism from unions and opposition politicians."
Speaking of collecting and collectables. Kevin O’Leary says he bought Bryant-Jordan card for record-breaking $13 million at auction https://www.cnbc.com/2025/08/25/bryant-jordan-card-kevin-oleary.html
LOL.....I ended today with a small gain....yes a gain. With only two stocks in the green....NVDA and GOOGL. I also beat the SP500 today by.....0.56%. WOW.....I will take it....considering the red close and the fade at the end of the day.
