All things STOCKS

#18,226
#18,226
Jax_Vol said:
Yeah,,,it briefly dropped. Now starting to go back positive.

I'm returning to my prior stance of not understanding dividends and just buying what I consider good companies.

ADBE is such a strong group. Unsure if competition is sneaking up on them.
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Adobe is huge and they aren’t nimble like small competitors. But with their size they can easily add products. They can also acquire good, complementary companies. My experience with them has only been downloading the free Acrobat Reader. They have a huge piece of design tools that cross many platforms. $175B market cap.

The stock price is very reasonable and they’re well off of their 52 week high.
 
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#18,227
#18,227
Thunder Good-Oil said:
Adobe is huge and they aren’t nimble like small competitors. But with their size they can easily add products. They can also acquire good, complementary companies. My experience with them has only been downloading the free Acrobat Reader. They have a huge piece of design tools that cross many platforms. $175B market cap.

The stock price is very reasonable and they’re well off of their 52 week high.
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I love using Adobe products. There is one somewhat new one that has started up for private work. Docusign may be the time? Someone can help me with that name
 
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#18,228
#18,228
Just sold CAVA . Probably gonna miss more future growth, but I've never eaten there. Every restaurant I see in Mt Juliet is packed every day/night.
I don't think people know how to cook any more.
 
#18,229
#18,229
Go aeiou said:
Just sold CAVA . Probably gonna miss more future growth, but I've never eaten there. Every restaurant I see in Mt Juliet is packed every day/night.
I don't think people know how to cook any more.
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I’ve been there once. I wasn’t very impressed with the food but I’m a vegetarian. It was really busy. Looked like mostly Millennials. It was a complicated procedure to order. Similar setup to Chipotle, but Chipotle is much easier. Maybe because Chipotle’s ingredients are much more familiar.
 
#18,230
#18,230
Firebirdparts said:
Don't worry. The bond buyers will pay what they want. It's an auction. It's a common misconception that the Fed can control interest rates for the treasury. If they buy the bonds themselves, then of course they can do anything, but they have been selling bonds for several years. Need to get rid of some more.

The only interest rate that the fed sets directly is the rate they lend to banks.
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The Fed rate indirectly sets the prime rate which strongly affects consumer behavior. IMO, 20 years ago the Fed rate was doing nothing more than following market rates. I think that they tend to take more of a lead role today.

If cuts trickle down to what treasuries sell for then that’s a positive for the budget.
 
#18,231
#18,231
Dual mandate of The Fed:
www.federalreserve.gov

Monetary Policy: What Are Its Goals? How Does It Work?

The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
and fair article
www.forbes.com

Federal Funds Rate History 1990 to 2025

The Federal Reserve has battled a variety of economic troubles over the past 35 years. Between tech busts, a financial crisis and a pandemic, not to mention periods of too little inflation and too much, the nation's central bank has used short-term interest rates, along with other more novel measure
www.forbes.com www.forbes.com
 
#18,232
#18,232
Anyone here use Robinhood to trade stocks?
I opened an account for the interest rate they are paying on money mkt funds. Also so I don't have all my eggs in one basket(Vanguard).
Maybe it's because they are going after younger customers, but they seem kind of Mickey Mouse to me. Send me emails if they pay month end interest and others. Or maybe I'm just an old fogey.
Opinions.
 
#18,233
#18,233
Go aeiou said:
Anyone here use Robinhood to trade stocks?
I opened an account for the interest rate they are paying on money mkt funds. Also so I don't have all my eggs in one basket(Vanguard).
Maybe it's because they are going after younger customers, but they seem kind of Mickey Mouse to me. Send me emails if they pay month end interest and others. Or maybe I'm just an old fogey.
Opinions.
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Same idea but I use Fidelity and Vanguard. Neither are great for "day-trading" which isn't my thing.
 
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#18,234
#18,234
Strong jobs report feels at odds with the adp report yesterday. Revision of prior months showing stronger jobs report in previous months. Revisions feel like a common occurrence nowadays which leads towards more confidence for me in the ADP report.

I guess time will tell.
 
#18,235
#18,235
Go aeiou said:
Anyone here use Robinhood to trade stocks?
I opened an account for the interest rate they are paying on money mkt funds. Also so I don't have all my eggs in one basket(Vanguard).
Maybe it's because they are going after younger customers, but they seem kind of Mickey Mouse to me. Send me emails if they pay month end interest and others. Or maybe I'm just an old fogey.
Opinions.
Click to expand...

I don't have any firsthand experience with Robinhood, but some of my friends use it and your description aligns with their experience, sort of packaging trading as a game almost. I use Fidelity for my brokerage and Roth accounts, and have been content with it.
 
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#18,240
#18,240
Jax_Vol said:
Wish I had known market was closing early today. :(
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I didn’t realize it until yesterday. This is about the longest the markets will have been closed since 9/11. There’s a rule that they can’t be closed more than 3 consecutive days.

There’s always an early close on the Friday after Thanksgiving. Maybe they also have short sessions for Christmas Eve and/or New Year’s Eve and when those days are on Thursdays markets are also closed for 3 and a half days.
 
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#18,241
#18,241
UPS is in a tailspin. While fuel prices are very reasonable. The earnings per share is supposed to about double next year. This might derail those projections.
——————————————————————

Dow Jones News:

DJ UPS Offers Buyouts to Drivers, a First in Its 117-Year History -- WSJ
By Esther Fung

United Parcel Service is offering buyouts to delivery drivers for the first time in its 117-year history. The company is seeking cost savings because of stagnant parcel volumes, rising labor costs and a long slump in the company's stock price.

UPS employs around 330,000 full- and part-time delivery drivers, clerks and package handlers represented by the International Brotherhood of Teamsters. Full-time drivers are eligible for a buyout, the company said. UPS and the union declined to say how many full-time drivers UPS employs.

In 2023, UPS offered buyouts to its pilots in an effort to reduce head count and costs; nearly 200 pilots took the offer.

UPS decided to offer buyouts to its drivers because the company is navigating "an unprecedented business landscape" and reorganizing its network, a company spokesman said.

UPS drivers are among the highest-paid delivery drivers in the U.S. The average full-time driver will earn around $170,000 annually, including benefits, by the end of a five-year contract that UPS signed with the Teamsters in 2023. Many investors thought the company conceded too much ground to the union. UPS shares are down about 45% since July 24, 2023, the day before the company and the union reached their agreement.

UPS reported a 3.5% decline in the average daily package volume in the U.S. for the first quarter of this year, and has said it will deliver fewer packages for its largest customer, Amazon.com, because they aren't profitable enough. In April, UPS said it would cut 20,000 operational jobs this year.

The Teamsters said the proposed buyout offers are far less than what rank-and-file members could make over the remainder of the current contract.

"UPS is trying to weasel its way out of creating good union jobs here in America by dangling insulting buyouts in front of Teamsters drivers," said Teamsters General President Sean O'Brien.

UPS said it has approached the Teamsters about the buyout program and remains committed to the contract.
 
#18,242
#18,242
Thunder Good-Oil said:
The Teamsters said the proposed buyout offers are far less than what rank-and-file members could make over the remainder of the current contract.

"UPS is trying to weasel its way out of creating good union jobs here in America by dangling insulting buyouts in front of Teamsters drivers," said Teamsters General President Sean O'Brien.
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Union leadership, geez. Just advise your rank and file to decline and let them decide. Why publicly attack the company (who is supposed to be your business partner)? And how does cutting jobs equate to “creating” jobs?

$170K annually feels more than appropriate for a delivery driver. And you’re going to drag the gift horse by the mouth after you were happy to get overpaid.
 
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#18,243
#18,243
95 Vol Alum said:
Union leadership, geez. Just advise your rank and file to decline and let them decide. Why publicly attack the company (who is supposed to be your business partner)? And how does cutting jobs equate to “creating” jobs?

$170K annually feels more than appropriate for a delivery driver. And you’re going to drag the gift horse by the mouth after you were happy to get overpaid.
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I’m guessing that the union is upset because when UPS right sizes their driver head count, they’ll lose dues.

They go on strike or threaten to go on strike when a company’s profits exceed expectations if they don’t get a bigger piece, but they’re not going to give anything back when a company struggles to meet their projected profits.

They kill America’s ability to compete. Drivers jobs can’t be moved to lower wage countries. So they get $170k average pay packages for those employees.
 
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#18,244
#18,244
Thunder Good-Oil said:
I’m guessing that the union is upset because when UPS right sizes their driver head count, they’ll lose dues.

They go on strike or threaten to go on strike when a company’s profits exceed expectations if they don’t get a bigger piece, but they’re not going to give anything back when a company struggles to meet their projected profits.

They kill America’s ability to compete. Drivers jobs can’t be moved to lower wage countries. So they get $170k average pay packages for those employees.
Click to expand...

Yeah, it’s just bad thinking. Rinse and repeat, though.
 
#18,245
#18,245
Thunder Good-Oil said:
I bought NVDA for $15 in September 2022. I think it was after selling cash reserved puts and the shares were assigned. More luck than smarts. +957%. So far.
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Bought it May 2022 (still holding and bought more since then). I agree more luck than smarts on my part, but also not paying much attention to ‘bad’ news. Best return for me is AAPL, up almost 2500%, and I’ve ignored ’bad’ news about it as well.

Also have UPS, which hasn’t done well at all, so it’s not always good. That’s the market🤷‍♂️
 
#18,249
#18,249
Anyone in ARKVX? The Open AI exposure is intriguing, but the Musk companies comprising about 25% of the holdings is concerning. And Cathie Wood.
 
#18,250
#18,250
@1RBFjr said:
Anyone in ARKVX? The Open AI exposure is intriguing, but the Musk companies comprising about 25% of the holdings is concerning. And Cathie Wood.
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Five years ago, I thought Cathie had some good ideas.

Lost some $ on those "good ideas".

Unsure what happened, but she became unpopular. So, I stopped following along during pandemic.

But, yeah...open AI will better the world. Unsure who will profit from it though. If referring to the company OpenAI, I have no clue on them.

In general, good ole MicroSoft and NVDA seem to be currently raking on AI.
 
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