Cathie Wood’s ARK Innovation fund was the worst performer last year in its category of 189 mid-cap growth funds tracked by Morningstar. But what if we told you she wasn't real. Is Cathie is an AI Robot? If so how is she programmed incorrectly?
Stoney!!! Quit being so desperate for me to make a mistake. Did you look at where those puts closed? They were $2.10/$2.20 bid/ask when I wrote that. They closed at $1.95/$2.05 Barely budged. There's a reason for that. I didn't buy any either way, I only put that out there to help you. One reader bought one though. February expiration is a long ways away Stoney. This PRVB, why did it pull back almost 13%.? It's $9.10 now. Below $9 yesterday. Did you sell? You should keep the readers posted. You own it in many accounts, but you said you didn't own any. Oh I see... "I think it's a buy here." Lol. That counts. Regarding TTD.... yep, I own it, not selling either. Holding thru earnings.
As CES 2023 draws to a close, much of the attention in the chip world was lauded on companies like Advanced Micro Devices Inc. and Nvidia Corp. but a lower profile chip maker appears better positioned coming out of the convention. Morgan Stanley analyst Joseph Moore said there’s still a lot of caution about overall chip demand especially with softness in China, but autos appear to be one of the strong themes of CES 2023, he said. “The areas that have been weak remain somewhat weaker – notably memory, semi cap, and generally PC and cloud builds – while the markets that have been strong (such as automotive and industrial) remain strong but with lead times clearly starting to normalize, which likely points to longer term revenue pressures particularly in a weaker economy,” Moore said. “Still, the longer term themes remain positive, especially for autos (which is increasingly the focus of CES),around themes such as EVs, ADAS and autonomous.” Such was the case when Nvidia Corp. NVDA, +4.16% said on Tuesday it was partnering with Hon Hai Technology Group 2317, +0.41% , or Foxconn, best known for being the manufacturer of Apple Inc.’s AAPL, +3.68% iPhone, to make electric vehicles that use Nvidia’s Drive Orin chips and sensors, and bringing its GeForce Now streaming video game service to autos made by Hyundai Motor Group 005380, +0.31%, BYD 1211, -2.60%, and Swedish EV maker Polestar. “We generally think that Nvidia numbers are likely OK from here, though there was some caution on sell through in China for gaming, and a clear awareness that while the company’s position within cloud is very good, that pressure in cloud budgets leads to somewhat lower visibility,” Moore said. “But we would say that generally we think that they are past the worst of the pressures in their business, in contrast to most of the semiconductor group where there are still likely numbers cuts ahead.” Meanwhile, Advanced Micro Devices Inc. AMD, +2.62% used the CES keynote to introduce the Instinct MI300 chip as “world’s first data-center integrated CPU + GPU.” The combined central processing unit and graphics processing unit meant for AI inference, the months-long process where data centers spend millions of dollars a year on electricity to train and develop artificial intelligence. AMD Chief Executive and Chair Lisa Su said the MI300 can reduce the time it takes for an inference modeling process from months to weeks. But one chip maker that doesn’t get a lot of attention appeared to emerge from CES best positioned for the year: ON Semiconductor Corp. ON, +4.57%, which focuses on electric vehicles and advanced driver assistance systems as primary growth drivers, leveraging its legacy position in auto chips. “Most notably, the company’s push into [Silicon Carbide] remains on track, and expect to still exit the year at a run-rate where the majority of crystal driving the business is internally sourced,” Moore said. “The company remains confident that demand in the EV space will far outpace supply for a long time and have thus shifted their focus over to execution on the production side.” Citi Research analyst Christopher Danley lauded ON as being the most bullish chip maker of CES
Vz I will put TTD into the $20K Challenge! Don't sell! Friday’s surge, which spared the S&P 500 from a fifth straight down week, bore all the hallmarks of that routine, coming amid a boatload of evidence that investor risk appetite had been cut to the bone. A measure of equity exposure among hedge fund clients fell to a five-year low, while retail pessimism was also intensifying, according to JPMorgan Chase & Co. data. Those trends would explain two things. One, last month’s uncharacteristically awful returns, a consequence of across-the-board selling that pushed the S&P 500 to its worst December in four years. And two, Friday’s ebullient reaction to news showing higher-than-forecast payroll additions in the US economy, when seven of the prior eight employment reports spurred losses. “If you look at a broad array of sentiment indicators, they universally suggest investors are a lot more cautious than they were a year ago,” said Dan Suzuki, deputy chief investment officer at Richard Bernstein Advisors. “That could very well be laying the groundwork for another short-term rally, as we seem to get every several months.” Stocks ended the longest streak of weekly declines since last May as the S&P 500 climbed during the holiday-shortened period. The benchmark gauge, which finished 2022 with the worst annual slide since the financial crisis, rose 1.5% over the four days, while the Dow Jones Industrial Average advanced for a second week in three. Boom-bust cycles in equities last year generally correlated with changes in institutional and retail positioning. Gains occurred after investors slashed bullish bets, and declines followed buying sprees. The incessant up-down motion made gleaning an economic signal from the market — never an exact science to begin with — particularly futile, with trends in the market proving temporary. Friday’s runup in the S&P 500 also came after a sharp drop in risk-appetites. Another major contour of last year’s investment landscape repeated this week: value vastly outperformed growth, with an index tracking cheaper stocks beating that of fast growers by 2 percentage points. One takeaway from that might be a slightly less-dour economic message than has generally been taken from markets as a whole. Growth companies are part of the economy, obviously, but the battering those stocks took was primarily driven by shrinking valuations. Value shares had far less bloat to correct and as a result their relatively tame losses could be framed as a purer and cheerier signal on future activity. Sessions when monthly payrolls data were released have not been kind to stocks of late. Among jobs days last year, all but three saw the S&P 500 falling as the economy mostly added more jobs than expected, clearing the path for the Federal Reserve to tighten monetary policy as it battled inflation. The ominous pattern, along with the specter of a serious downturn, prompted investors of all stripes to hunker down after a brutal year that saw stocks and Treasuries suffer the worst annual loss in more than a century. Hedge funds that make both bullish and bearish equity wagers boosted their short positions in December, with their average leverage falling to the lowest level since 2017, data compiled by JPMorgan’s prime brokerage unit show. A similar trend was on display at Morgan Stanley, where gross leverage among the firm’s hedge fund clients sat near a five-year low. While nonfarm payrolls again beat forecasts in December, traders found comfort in cooling wage gains. The S&P 500 jumped 2.3% for the best reaction to a jobs report in more than two years. “Lower weekly hours will bias the real labor income proxy lower, which would imply weaker spending going forward,” said Dennis DeBusschere, founder of 22V Research. “This shouldn’t change the Fed outlook much near-term but lowers the odds they need to crush things.” The first signs of a rally were enough to lure a few bulls back after a $13 trillion wipeout last year had pros and even once die-hard retail bulls retreating en mass. Individual traders, who bought the dip in early 2022 only to be burned time and again by the yearlong slump, dumped more than $3 billion of shares in the week through Tuesday, the third-biggest selling in the history of JPMorgan’s data. While year-end tax selling played a role in the exodus, the heavy outflow also reflected growing bearishness among the crowd, according to Peng Cheng, the firm’s strategist who derived the estimate from public data on exchanges. All the defensive posturing likely set the stage for a market bounce, as happened repeatedly during 2022, when prolonged selloffs gave way to rapid snapbacks before the selling resumed. In a year where the S&P 500 lost about one fifth of its value, the index managed to rally more than 10% from a trough three times. From peak inflation to a speculation about a Fed pivot, investors latched on to numerous catalysts to bid up stocks. Each rally eventually faded. Stocks have made little headways since June, with the S&P 500 largely trapped in a 700-point range. However short-lived those bounces proved, there’s evidence they bothered Fed officials. Minutes of their last policy meeting released this week showed some members cautioning against “an unwarranted easing in financial conditions” that could undermine efforts to slow the economy and tame inflation. With banks kicking off earnings season next week, investors may be content to await more clarity on corporate America’s strength, according to Christophe Barraud, chief economist and strategist at Market Securities LLP. “Last year, the mood changed a lot because every time people bought, the market sold even more,” he said. “People right now will probably prefer buying after being sure that there will be some strong force behind equities.”
Van new rule when you make BS calls label them "I am faking" or "This is a joke." Because A) I worry about you and then you say Tee Hee I was kidding? You do this alot it makes your trading activity look uber fake. B) You said yourself one idiot followed your advice. Not good. I am going to crush that child like a can. If you are really short the way we were on several names that crashed then say so! Be proud of it. If you like a short idea but are afraid to do it yourself just say so-be honest. Try it! I did that with AMZN I saw a short opportunity at $100 I got the HF into the trade but I myself chickened out. it's ok to admit you are afraid to short my names. This tactic has burned you so many times I certainly understand. So to clear the air-- It turns out VAN is NOT short LOGI (Thank God) Lets stop doing this.- I run a serious house here- There are other threads I'm sure where people lie back n' forth. Not here- GBA Is A Safe Place<-- No Lying! "Your stock LOGI can't get out of its own way. Glued to $63.50 No one is buying this junk anymore... the children are tapped out. They bought all that gaming crap during the lockdown. This stock does not belong in the GBA 2023 portfolio." LOGI TO THE MOON!!!!
Great article in the NY Times about Chat GPT. I will sum it up by saying I was right about everything.... "2023 IS THE YEAR OF AI" TO BE CONTINUED:
Thank you for joining us for our first call as a public company. I will actually hand the call to our President, Steve Schmidt, that joined us as an investor and got involved, became our President. Steve was the former CEO of Nielsen Corporation and the former President of Office Depot International, and helping us and me to copilot our journey here.