All things STOCKS

#13,651
#13,651
Jax_Vol said:
Would anyone touch any of the three new GE businesses?

The medical devices part is slowly rolling out around $57ish. Barron's claims it is worth $110. But, I have my doubts. Almost like GE is tainted for me.
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I’m keeping all 3. Might buy more. Big barriers to entry for more competition. Multi million dollar jet engines and medical imaging machines. Probably some big replacement cycles coming for power generation equipment and the government will be spending on infrastructure IMO.
 
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#13,652
#13,652
Firebirdparts said:
It's pretty meaningfully accurate, yes. Understand there's nothing specific about the word "most," "big" is relative, and there's no significance to the number 30. He could have said 100, but it wouldn't have made the conversation very interesting. But companies do come and go, and any reasonable person would assume that Amazon will become outmoded and someday it'll be as unprofitable as it already is right now. The retailer side of amazon does nothing to provide anything to anybody. no retailer can create value. on the web services side, who know? Lots of competition.

Sears was the Amazon of 100 years ago, there's no question about the overwhelming impact of sears home delivery. Look now and it's gone.
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But Sears had a good run of, what, about 80-90 years? They were founded in 1892 and were still the largest retailer in the US as recently as the 1980s.
 
#13,654
#13,654
Velo Vol said:
Visualization of how the top companies change over time.

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Odd that Coke and Altria were up there. Sugar water and cigarettes. At least Pepsi has snack food and used to have Pizza Hut, KFC, and Taco Bell. Coke must have been up there because of their international footprint.
 
#13,656
#13,656
Tesla = hot mess. Could be an opportunity? Too hot for me to touch
  • (NASDAQ:TSLA) internal schedule reflected plans to run a reduced production schedule at its Shanghai Giga plant in January, extending the reduced output it began this December into next year.
  • Tesla will run production for 17 days in January between January 3 - January 19 and stop electric vehicle output from January 20 - January 31 for an extended break for the Chinese New Year, Reuters reports.
  • Tesla did not specify a reason for the production slowdown in its output plan.
  • Also Read: Tesla Forays Southeast Asia's Largest EV Market Dominated By Chinese Rivals
  • Tesla suspended production at its Shanghai plant on Saturday, pulling forward an established plan to pause most work at the plant in the last week of December.
  • Tesla's latest production cuts in Shanghai coincided with the rising wave of infections after China eased down its strict COVID policy in December.
  • Like other automakers, Tesla battled a downturn in demand in China, the largest auto market forcing it to dole out incentives for its buyers and cut prices.
  • Tesla's Shanghai plant accounted for more than half of Tesla's output in the first three quarters of 2022.
  • Based on forecasts for the fourth quarter, analysts expect output to fall short of its goal by about 45%.
  • Price Action: TSLA shares traded lower by 5.16% at $116.78 in the premarket on the last check Tuesday.
 
#13,658
#13,658
I’m excited to see what the next breed of “blue chips” are. I was too young, but I imagine there was a time when Sony, Kodak, BlackBerry, AOL, etc were the big boys. Now it’s obviously Apple, Google, Microsoft…fun to watch Tesla rise and fall, and intriguing to wonder what’s next.
 
#13,659
#13,659
VolAllen said:
I’m excited to see what the next breed of “blue chips” are. I was too young, but I imagine there was a time when Sony, Kodak, BlackBerry, AOL, etc were the big boys. Now it’s obviously Apple, Google, Microsoft…fun to watch Tesla rise and fall, and intriguing to wonder what’s next.
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Coming out of college in 1984, Kodak...(think it might have been Eastman Kodak) was a really prestigious big boy firm. I had a Chemical Engineer roommate with like a 3.84 gpa who headed to Buffalo to work for them. Bright guy! The company went to pot.

Looks like TSLA and AMZN are the two on my board that are going down hard. Can't believe I'm typing this, but Apple is right behind them.
 
#13,667
#13,667
Polaroid, Gateway, Compaq, and Novell were once sure bets. Also EMC before Michael Dell got his grubby hands on it. Sun Micro, Cray, BMC, Quantum, 3COM - all easy money back in the day.
 
#13,668
#13,668
mrorange211 said:
Not yet, but I am about to push in a large amount on shorting NKE and CAT into January. Letting my TSLA shorts continue to run.
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At this point, Caty Woods in only person buying TSLA....lol!

I like the CAT short.

Nike....was shocked by their recent earnings report. Unsure how they did that?
 
#13,672
#13,672
VolAllen said:
I’m excited to see what the next breed of “blue chips” are. I was too young, but I imagine there was a time when Sony, Kodak, BlackBerry, AOL, etc were the big boys. Now it’s obviously Apple, Google, Microsoft…fun to watch Tesla rise and fall, and intriguing to wonder what’s next.
Click to expand...
The most striking thing now is how companies become “large” in market cap without ever amounting to much of a real business. That was a big deal in 1999 (AOL lol) and it seems reasonably common that hype > real business.

In the above movie, it’s interesting to see MSFT just hit about 605 [in first place) and then drop to 240 through Y2K.

Tesla is a going business but cars are very cruel. What is happening to Tesla now was obviously coming. It comes to all. The car business is cruel and the means of cruelty is not a secret. They’ve done a great job getting to where they are.
 
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#13,673
#13,673
Velo Vol said:
When was the last time a big cap crashed like this?

View attachment 526975
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I may have missed something, but a lot is going to depend on what you call large, and whether you want to limit the contest to monthly declines of 30% or some benchmark. In 2000-2001, all the large caps on the Nasdaq collapsed. It was everybody. In 2008, I was watching very carefully while Ford dropped into the ones. Personally I would not count GM as everybody knew they were going bankrupt eventually.

In February of 2020 the whole market dropped like that.

Teslas market cap was stupid but you never know if it’s going to suddenly become unstupid. You can’t gamble on that. I suppose it wouldn’t have without Musk personally selling so much.
 
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#13,674
#13,674
PS I noticed AIG creeping into the top 10 around 2006 in the movie. Now that was a mighty collapse. The government took an 80% equity position (well, warrants for that were used as collateral) around September 16, 2008, but it was already trading as bankrupt, so ithe stock price didn't know where to go exactly. If you just look at the month of September it lost 85% of its value. But it had already lost over half its value before that.

AIG paid the government back for real (not fake) so the taxpayers actually made some money on that deal.
 
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