All things STOCKS

[Thunder Good-Oil]

Wow, nothing worse than working for people who don't want to do things correctly. I ran into a few like that, and it made me wonder if the attitude came from upper mgt. I looked at a large manufacturer that intentionally failed to pay or accrue a substantial number of invoices for expense items late in the year. They were trying show more/improved profit to get a better year end bonus/raise. Stupid.
I've also seen Management say we better not owe money for a tax audit, and the person in charge materially over pay taxes. failing to question the taxability of some things. Thing is the tax examiners/auditors often don't quest items were tax has been paid so overpayments are gone forever.

Some of it was so bad it was comical. I had a marketing director have extra money in their budget thinking that all they had to do to keep it was to call vendors at quarter end and order a bunch of stuff. They also did the opposite. Hold off on submitting invoices after goods were delivered or services rendered to stay under budget for the period close. I have a lot of respect for those that run their businesses ethically.

Sales people would also have the misconception that if the company traded for a product and they took it as compensation/commission that it shouldn’t hit their W-2s. Newly hired manages also thought that paying for their moving expenses and apartments were non-accountable freebies that were tax exempt. I wish that I kept good notes over the years. I could have written a few books.

 

[Thunder Good-Oil]

Doing a quick calculation I’m thinking that the SMCI founder (Liang) holds about a quarter of the shares. The insider dealings with his family’s company aren’t insignificant but probably not enough to cause SMCI to fail.

This one will be interesting to follow as it unfolds. The assets and revenue stream are valuable, but those crooks need to leave. Shares are around $32/$33. Low teens won’t shock me at all. There are too many moving pieces right now, I’m sitting this one out. Maybe revisit after management addresses things on 11/5. But they are liars. I don’t have faith that they can reignite the growth. How far will a stock that was up 3,000% fall?

NVDA is collateral damage, but there are other customers in line that would jump at buying anything that SMCI doesn’t. Dell and HP are bigger NVDA customers.

Inside Super Micro's wake-up call: After riding the AI wave, the $20 billion tech giant is crashing back to earth amid a financial crisis and family drama

Auditor Ernst & Young just walked out in the middle of auditing Charles Liang’s tech giant, but Super Micro disagrees with EY’s decision to quit.

fortune.com

 

[Thunder Good-Oil]

DJIA changes announced:

NVDA in. Dow (Chemical) is out.

Sherwin-Williams is in. INTC is out.

Effective 11/8/2024.

The last addition was AMZN in February 2024. Walgreen’s was dropped.

NVDA is the 4th Mag 7 added to the DJIA. AAPL, AMZN, and MSFT were added earlier. TSLA, META, and GOOGL are the 3 missing. The Mag 7 has a market cap greater than only the markets of a couple of countries. US. China. Japan. Maybe 1 or 2 others..

 

[Go aeiou]

DJIA changes announced:

NVDA in. Dow (Chemical) is out.

Sherwin-Williams is in. INTC is out.

Effective 11/8/2024.

The last addition was AMZN in February 2024. Walgreen’s was dropped.

NVDA is the 4th Mag 7 added to the DJIA. AAPL, AMZN, and MSFT were added earlier. TSLA, META, and GOOGL are the 3 missing. The Mag 7 has a market cap greater than only the markets of a couple of countries. US. China. Japan. Maybe 1 or 2 others..

Wonder if we'll see a share price increase because of MFs and ETFs that track the Dow needing to add NVDA?
Well, up about 2% Friday at the close. Up almost 3% Friday after the close.

 

[BigOrangeMojo]

DJIA changes announced:

NVDA in. Dow (Chemical) is out.

Sherwin-Williams is in. INTC is out.

Effective 11/8/2024.

The last addition was AMZN in February 2024. Walgreen’s was dropped.

NVDA is the 4th Mag 7 added to the DJIA. AAPL, AMZN, and MSFT were added earlier. TSLA, META, and GOOGL are the 3 missing. The Mag 7 has a market cap greater than only the markets of a couple of countries. US. China. Japan. Maybe 1 or 2 others..

Sherwin Williams seems like an odd choice.....

 

[Thunder Good-Oil]

Sherwin Williams seems like an odd choice.....

I get it. Resembles a true industrial. Growing, well run large cap company. Somewhat diversified within its industry. Vertically integrated. More exposure to construction/real estate. The DJIA has evolved to be over weighted in financials and tech so maybe they’re trying to hold on to their roots somewhat or at least prevent further erosion of the “industrials” moniker after removing Dow Inc.

Only P&G has been a component for more than 50 years. 3M is approaching 50. However, IBM and Coke were in the 1930s and returned. Chevron was removed but returned after 8/9 years.

It is weird how it’s still the most popular index since it’s not that great of a measure of the overall US market.

 

[Majors]

Bought some $DJT in low 30’s. Could be a good short or nice mid-long.

 

[BigOrangeMojo]

Bought some $DJT in low 30’s. Could be a good short or nice mid-long.

You'd be better off playing prediction markets if you like Trump tonight....

 

[Majors]

You'd be better off playing prediction markets if you like Trump tonight....

It’s been a nice few days.

 

[Firebirdparts]

How about Celanese today? Yikes

 

[SpaceCoastVol]

I have 39 separate option positions. Every single one today is OTM. It won't stay that way, and I know I will have to roll some stuff down, but it is really cool seeing that. Even the calls are OTM.

 

[SpaceCoastVol]

Bought some $DJT in low 30’s. Could be a good short or nice mid-long.

I sold 10 $28 Puts that expire Friday. I might sell some more for next week too. The $28 Puts are at $7.

Damn this is fun.

 

[Majors]

I sold 10 $28 Puts that expire Friday. I might sell some more for next week too. The $28 Puts are at $7.

Damn this is fun.

After hours has it back up over $37

 

[Jax_Vol]

Sherwin Williams seems like an odd choice.....

That is actually a much better company than you might think. Great paint.

Surprised me..

 

[BigOrangeMojo]

That is actually a much better company than you might think. Great paint.

Surprised me..

Very good company but not one of the 30 that I think represents US economy IMO...

 

[SpaceCoastVol]

That is actually a much better company than you might think. Great paint.

Surprised me..

Ive been trading it off and on for years. ITs a very good company.

 

[Thunder Good-Oil]

SHW is coatings rather than just paint. So they have exposure to almost everything being manufactured. Real estate and automotive are huge industries that they supply.

Their traditional paint is vertically integrated. They don’t just brand paint made by others. They make it. Plus they sell a lot of it in their retail stores. They make paint branded for others.

I’m surprised that Warren Buffett doesn’t already own SHW.

 

[Majors]

DJT halt out of the shoot.

 

[Thunder Good-Oil]

SMCI is getting interesting. Off another 27% today to just above $20. But getting delisted would be really bad. No auditor hired. No 10-k yet for the 6/30/2024 YE.

 

[BigOrangeMojo]

DJT halt out of the shoot.

I liked the betting markets than DJT as proxy. I guess the gain is muted because expectation is that he will dump shares now....

 

[Majors]

I liked the betting markets than DJT as proxy. I guess the gain is muted because expectation is that he will dump shares now....

Everyone’s taking profits. As long as it stays 12% above where I bought I’m adding weekly. Just adding until inauguration or a merger sale.

 

[BigOrangeMojo]

Going to be a seafood tower day @VolAllen...

 

[Jax_Vol]

Very good company but not one of the 30 that I think represents US economy IMO...

Better than Intel, but indeed...point taken.

 

[BigOrangeMojo]

Better than Intel, but indeed...point taken.

Agree

 

[05_never_again]

Not the stock market, but I think the various prediction/betting markets acquitted themselves pretty well. Kalshi took some heat because apparently it was that single French guy who made some large bets, but several other books (including overseas) all said the same thing.

Trump had an early (began a few weeks before Election Day) and consistent lead in the 55-65% range while all the polls were saying dead heat/toss up. On Election Night itself, both the Presidential and swing state bets started moving more aggressively in his direction well before the bulk of the votes came in. Not bad.