';
Sometimes when i see the AMD decline i want to call up the sellers and say "can you please share your negativity with the class?"
As usual, the AMD afternoon decline is as sickening as ever ..
“I wanted an introduction that was almost as potent as 'Layla,’” @Johnny_Marr said about “How Soon is Now?” — the classic Smiths tune released on this date in 1985. “When it plays in a club or a pub, everyone knows what it is."
Mission accomplished. 🎸
Something updated and screwed up my settings in VS Code switching my Markdown List Items so that hitting tab indents them two spaces instead of one tab and it's driving me freakin crazy. I can't find the setting that's doing it.
Among the decelerating inflation prints this week:
1. Dallas Fed trimmed mean PCE
2. Employment Cost Index
3. Conf Bd wage expectations
“.. doesn’t change a ton, but .. it’s encouraging to see inflation data move in the opposite direction.” - @knowledge_vital
There may be a reason that $AMD goes down every day, and that sellers can't resist exiting but i sure don't know it.. and i bet those sellers don't either
“He thought he could plow through that the same as he did everything else,” Taylor’s father said, “and he just met his match.”
#RIP
$TXRH
I wrote about the life and death of Kent Taylor, the founder of Texas Roadhouse who committed suicide last year after suffering from severe tinnitus post-COVID @FortuneMagazine
https://fortune.com/longform/texas-roadhouse-founder-ceo-kent-taylor-covid-suicide/?4e9d3f
Yay! Chipotle Friday!
“.. expected to be the most expensive franchise sale in sports history.” #BroncosCountry
UPDATE: The @Broncos have also hired Proskauer to advise on potential sale. This Proskauer/Allen & Co. duo is the same duo that sold the @Panthers, the last NFL team to trade.
https://www.sportico.com/business/sales/2022/broncos-sale-bankers-1234659420/
“.. we expect the 30-year rate will increase to 4.0% by end-2022 and 4.5% by end-2023. .. that means mortgage payments as a share of income will rise to their highest since late 2007 ..” - @CapEconUS
* UN SECURITY COUNCIL TO MEET MONDAY ON #UKRAINE CRISIS: U.S.
(h/t @JohnSpall247)
JPMORGAN: “.. we are now looking for only three hikes next year, one less than our prior expectations. .. After a May hike we now look for a pause at the June meeting, .. and perhaps another pause in September, to assess how well the economy is adjusting to higher rates.”
Right off the top of the show today, @jonnajarian is seeing some big time SPY options action. The direction? Well ya gotta wait about eight minutes to find out the answer.
Dow goes positive for the week.
Would be first up week in five.
(via @peterschack) @CNBC
Some 52-week lows today:
Starbucks
Match
Hasbro
Ross Stores
VF Corp
American Air
United
Boeing
3M
Stanley Black & Decker
Intel
Autodesk
Western Digital
@CNBC
Growth funds running ServiceNow, Qualtrics, and Atlassian. (TEAM) all very typical for this stage.
"Quadrani served as Managing Director and Senior Analyst, U.S. Media Equity Research at J.P. Morgan for the past 14 years."
$DIS
Longtime Wall Street Analyst Alexia Quadrani to Lead Disney's Investor Relations https://www.thewrap.com/longtime-wall-street-analyst-alexia-quadrani-to-lead-disneys-investor-relations/
Omicron’s peak, emerging in the Northeast
(via JPMorgan)
Not sure what's weirder... knowing that I scheduled a meeting a year in advance OR seeing that meeting coming up on my calendar.
A "no" vote on the recent #Infrastructure bill -->
https://www.toomey.senate.gov/newsroom/press-releases/toomey-opposes-too-expensive-too-expansive-and-too-unpaid-for-infrastructure-proposal
My staff has been in contact with local emergency personnel regarding the Forbes Avenue bridge collapse in Pittsburgh. We will continue to closely monitor the situation. Wishing a speedy recovery to those who are injured. https://www.wtae.com/article/bridge-colla/38922716#
As we said on @SquawkStreet the growth investors were going to jump all over $TEAM.
Huberty adds: "Apple's December quarter was one of the cleanest quarters in recent memory."
MORGAN STANLEY: $AAPL "guided for less supply-chain impact in C1Q and just posted the best gross margins since 2012 just as the shortage problem is getting *worse* for everyone else." [Huberty]
Ups target to $210, vs prior $200. Reiterate Top 2022 Pick
KASHKARI: "Is it conceivable we could move in the spring and then pause and see how the economy evolves? That's conceivable, I don't want to prejudge it."
(via @YahooFinance) @neelkashkari
The Friday "cover your shorts" rally is on target for today. This market is very much like the September-January 1990-1991 beat market.
MORGAN STANLEY: $AAPL "guided for less supply-chain impact in C1Q and just posted the best gross margins since 2012 just as the shortage problem is getting *worse* for everyone else." [Huberty]
Ups target to $210, vs prior $200. Reiterate Top 2022 Pick
Powell “fuelled fears of a Ratemaggedon with .. his press conference. But even with both wage and underlying price inflation running at near 40-year highs, we suspect that disappointing real economic growth this year will limit the Fed to 100bp of tightening.” @CapEconUS
S&P 500 joins Nasdaq in having worst January ever.
(via @peterschack) @CNBC
The slowdown in #ECI “is an unexpected gift .. One quarter’s data prove nothing, but .. wage growth is unlikely to re-accelerate dramatically.” This “eases the immediate pressure on the FOMC to act aggressively .. sighs of relief.. should be audible on Wall St ..” @PantheonMacro
Goldman ups Energy to Overweight from Neutral.
A) It's a little late given Energy was the best performing sector last year and is again this year.
B) Goldman's own Commodities guru, Jeffrey Currie, has been bullish oil/energy prices for many months.
Where was the disconnect?
WELLS: "This morning, our Econ Group increased its 2022 tightening forecast to 125bps (5x25) from 100bps (4x25) and maintained 2023 at another +75bps." [Harvey]
* WALL STREET BRIEFED BY BIDEN TEAM ON POSSIBLE RUSSIA SANCTIONS
* CITI, BOFA, JPMORGAN ARE AMONG FIRMS IN RUSSIA DISCUSSIONS
(h/t @JohnSpall247) #ukraine
Apple, Chevron and more all coming up in the Morning Meeting, exclusively for subscribers to the CNBC Investing Club, at 10:20a ET.
Join the live stream ⬇️
https://www.cnbc.com/investingclub/morning-meeting/
"In the race to perfect xenotransplants, we have already set up a system of haves and have-nots, of those who are considered worthy of a human heart & those upon whom we can take risks. & that's unlikely to change, no matter how common pig organs become." https://www.wired.com/story/capitalist-trap-pig-organ-transplants/
"Mr. Plotkin has told friends he is trying to ignore the constantly updating tally in his head of how much he must make back .."
(via @WSJ) $GME
https://www.wsj.com/articles/melvin-plotkin-gamestop-losses-memestock-11643381321?mod=hp_lead_pos5
$SPOT
The home of Neil Young.
Listen to his entire catalog on Apple Music: http://apple.co/NeilYoung
Tesla below 200 DMA for first time since August
$TSLA
And as @michaelsantoli points out $SOFI can't really pay a big premium at current levels given same market cap as $HOOD
Getting a lot of these responses, which is not surprising. But there's no way in my estimation that Noto is going to overpay for an asset he thinks he can get cheaper down the road. Given his Goldman and Military background, he'll be tactical. He's not an impulse buyer.
@ScottWapnerCNBC
Sharing a buro with @kevtibs was the best education any network correspondent could ever have. The ultimate adventurer and storyteller. Congrats, K.
We’re celebrating our beloved colleague @kevtibs, who is retiring after more than 25 years at @NBCNews.
Goof stuff here for Robinhood people
Another awesome piece from The Athletic. https://twitter.com/sheilkapadia/status/1486703014589214723
Goldman SHOULD.. i ,mean nothing else seems to matter to this 6 times earnings stock..
Who swoops in and buys $HOOD on the cheap?