Another good read- Monday, August 29, 2022 Today's newsletter is byBrian Sozzi, an editor-at-large andanchor at Yahoo Finance. Follow Sozzi on Twitter@BrianSozziand onLinkedIn. Upon a little bit of weekend reflection after theDow crashed more than 1,000 points on Friday, I have come to terms with something. The Federal Reserve has historically angered me. When I started in finance as an analyst on Wall Street, I remember watching then-Fed chair Alan Greenspan dodge simple questions. I then watched as Greenspan vanished into the sunset after a housing crash he helped cause by keeping interest rates too low for too long. No justice rained down on Greenspan for his role in the Great Recession. All of that angered me. Next up was Ben Bernanke. I dug Bernanke's calm demeanor, but there were moments he seemed detached from the realities playing out in markets during a housing crisis caused by Wall Street’s greed. Bernanke upset me sometimes, but not as much as Greenspan. Then we had Janet Yellen, who many believe raised interest rates too soon in 2015. That wasn’t well-received at the time, and I remember being fired up in the moment. Yellen is currently Treasury Secretary, despite admitting earlier this year she was wrong about the severity of the COVID-induced inflationary outbreak. More rewards for wrong decisions by Fed policymakers. Does it ever end? This brings us to current Fed Chair Jerome Powell, whose latest mistake was badly misjudging inflation. Powell is being forced now to play catch up — and is damaging investor psyches and hurting market confidence in the process. Federal Reserve Chair Jerome Powell walks with Fed Vice Chair Lael Brainard and New York Fed President John Williams during a break at the annual Kansas City Fed Economic Policy Symposium in Jackson Hole, Wyoming, U.S., August 26, 2022. REUTERS/Ann Saphir Here are five problems for markets I think Powell’s Jackson Hole speech caused: Fundamentally bad companies such as Bed Bath & Beyond will face much higher costs of capital at a time when they need a lower cost of capital. Queue bankruptcy risk for struggling companies as they contend with the iron fist of Big Powell. Some of the most crowded trades on Wall Street — namely big cap tech momentum names like Apple and Amazon that love a low rate backdrop — may be used as a source of funds in coming months as investors brace for more market volatility. That selling could feed through to other parts of the market. Earnings growth is likely to slow further into 2023 as companies deal with a higher cost of capital and weakening top lines. A lack of trust in what the Fed is doing could weigh on the wealth-building initiatives of households, almost freezing them in their tracks and damaging their spending plans. As Powell hinted, expect “pain” as the Fed “stays at it” with respect to raising interest rates. Pain in this case could mean job loss and lower wages at a time of still high inflation. Put these things together, and you have a reasonable outlook for wealth destruction in part caused by a behind-the-curve Fed that still lacks accountability. To be clear, don’t take this missive as a call that the Federal Reserve should be abolished. What I am saying is there needs to be more accountability for the Federal Reserve. When they make major policy mistakes, there should be repercussions — because there are repercussions that play out on the wealth of American households. If Jerome Powell would have gotten it right on inflation last year, the Dow probably wouldn’t have nosedived 1,000 plus points on Friday. Investors probably wouldn’t be dumping stock and raising cash, as some recent surveys suggest. And above all else, a more fertile backdrop for wealth building would exist. Happy Wealth Building Monday!
Goldman Says Buy Commodities, ‘Worry About Recession Later’ Mon, August 29, 2022, 1:51 AM (Bloomberg) -- Goldman Sachs Group Inc. urged investors to pile into commodities as most recession risks coursing through global markets are overblown in the near term, arguing that raw materials stand to rebound amid a profound energy crisis and tight physical fundamentals. “Our economists view the risk of a recession outside Europe in the next 12 months as relatively low,” analysts including Sabine Schels, Jeffrey Currie and Damien Courvalin wrote in a note. “With oil the commodity of last resort in an era of severe energy shortages, we believe the pullback in the entire oil complex provides an attractive entry point for long-only investments.” Commodities hit a record in June as Russia’s invasion of Ukraine disrupted output and snarled supply chains, then eased as recession concerns flared and central banks including the Federal Reserve tightened policy to contain inflation. Last week, Fed Chair Jerome Powell signaled more interest rate rises will follow this half, and global stocks hit a one-month low on Monday. “From a cross-asset perspective, equities could suffer as inflation stays elevated and the Fed is more likely to surprise on the hawkish side,” Goldman said in the note, which was entitled ‘Buy commodities now, worry about the recession later’. It added: “Commodities, on the other hand, are the best asset class to own during a late-cycle phase where demand remains above supply.” Other leading Wall Street banks have been more cautious on the outlook commodities in recent months. Among them, Citigroup Inc. warned in July that crude oil could collapse to $65 a barrel by the end of this year if a demand-crippling recession hits. Brent crude as was last at $101.70. Goldman Sachs did caution the path ahead may not be smooth, especially if the greenback extends gains, a trend that makes commodities more expensive for holders of other currencies. “We do acknowledge that the macro landscape remains challenging and the US dollar could rise further short term,” it said.
Census Bureau: 3.8 million renters will likely be evicted in the next two months — why the rental crisis keeps getting worse Census Bureau: 3.8 million renters will likely be evicted in the next two months — why the rental crisis keeps getting worse For the first time ever, the median rent in the U.S. topped $2,000 a month in June — and the increases show no sign of stopping. Those rising rents mean that households representing a total of 8.5 million people were behind on their rent at the end of August, according to Census Bureau figures. And 3.8 million of those renters say they’re somewhat or very likely to be evicted in the next two months. The combination of soaring inflation, the end of most eviction moratoriums and rental assistance payments and an extremely low vacancy rate has pushed rents up — and many renters out.
STOCK OF THE DAY COMCAST. IN RESEARCHING DISNEY I have been looking at Comcast.. the Comcast chart is shocking. I have rarely seen as bad a looking chart. Comcast is losing on the cable side big time (cord cutting, streaming) and putting money into their own streaming product PEACock? I have not seen Peacock anywhere available yet. I don't think I see the option on my Apple TV I have to look harder. The price of the parent company has fallen from $60 area to $30 area it's ugly. The John Wick factor- On Aug. 17, Lions Gate inked a deal with Peacock to stream a John Wick prequel series. The upcoming show will premiere exclusively on Peacock in 2023 and launch alongside the entire film series. The John Wick trilogy has grossed almost $600 million worldwide, with the new show seeing Comcast take a page out of Disney's (DIS-2.89%) book with how it has grown Disney+ into a streaming titan. Disney reported 152.1 million Disney+ subscribersin its fiscal third quarter of 2022, a 10.4% rise from the previous quarter. The company has seen tremendous growth in the streaming industry, largely thanks to its strategy of expanding popular franchises such as Star Wars and Marvel. Disney has developed multiple miniseries exclusive to Disney+ that have pulled in millions of fans of its popular brands. Comcast's strategy to do the same with John Wick is a positive move. The next installment, John Wick: Chapter Four, will be released in March 2023, and if it reignites hype for the franchise, it will create excitement for the Peacock series. > Comcast has steadily increased sports on Peacock. Live sports continue to be one of the leading reasons consumers keep their cable subscriptions, so the move is aimed at attracting cord-cutters. In 2022, the company has Big Ten college football and the globally popular Premier League soccer, which will be available in 4K in 2023 on the streaming service. The Super Mario factor- The theme park rivalry between Walt Disney Co. (DIS) and Comcast's (CMCSA) Universal Studios has been heated since Universal Orlando Resort opened the Wizarding World of Harry Potter theme park land at Islands of Adventure in 2010 and subsequently expanded it to other Universal Studios parks in Orlando and in California. Disney countered with its own new theme park lands with Pandora - The World of Avatar at Animal Kingdom at Disney World in Orlando in 2017 and Toy Story Land at its Disney Hollywood Studios in Orlando in 2018. The following year, the Mouse House followed with Star Wars: Galaxy's Edge at Disneyland in Anaheim, Calif., in May 2019, and at Walt Disney World's Hollywood Studios in August 2019. With all the pressure applied by Disney, Universal Studios Hollywood CA is quickly moving closer to opening a much-anticipated new theme park area that is sure to increase the rivalry between Universal's California park and Disneyland in Anaheim, Calif., which are only about 35 miles apart. While this new attraction is not the first of its kind, it is the first in the U.S. The first Super Nintendo World opened in Japan last year at Universal Studios Japan after being delayed due to the covid-19 pandemic. The Universal Studios Japan land features two rides, one being modeled after the Mario Kart game called Mario Kart Koopa’s Challenge and another one based on Yoshi called Yoshi’s Adventure. The Super Nintendo World at the California park features Bowser’s Castle, and it looks like you would imagine it would if the video game was brought right before you. The vibrant colors and atmosphere around the park will create a completely immersive feeling of being part of the video game series itself. Universal Introducing a New Interactive Feature One such feature that makes this theme park addition next level is the Power Up bands. The bands will be sold separately and should cost about $30. Super Nintendo World Power Up Bands will enable customers to take part in adventures and collect coins throughout the park. Power Up Bands will also enable guests to interact with animations throughout the world. The bands are reminiscent of the slap bracelets from the 90’s. The bands come in different Nintendo characters like Mario, Luigi, Peach, Daisy, Toad and Yoshi. Guests will get a map of the theme-park that shows them where they can use the Power Up Bands to follow an adventure. Guests can pair their Power Up Bands with an app on their smart phones to see their score and compete during their adventures around the park. It is best to download the app before coming to the park, rather than stressing about the download right before embarking on the Mario Brothers themed adventure. As if the Super Mario Brothers immersive adventure isn’t enough, there is also a ride. Imagine marrying Mario Kart with a go kart attraction that will be great for the whole family. The ride is called Mario Kart Bowser's Challenge. The new animatronics around the ride and park are already being tested in anticipation of opening in the next few months. Riders are expected to see Mario, Luigi, Toad, Yoshi among all the other characters, but they must be at least 42 inches tall to ride. Guests should plan on the ride taking about 5 minutes, Universal says. A Mario Brothers themed restaurant will also open within Super Nintendo World. The restaurant will have menu items around the much-loved characters from the franchise, like a Mario Burger and a Super Mushroom Pizza Bowl. To top it all off, guests can enjoy a Question Box dessert of tiramisu. Universal and Nintendo have been keeping much of what's to come within the attraction a secret and there are sure to be more surprises to come. >>>>>>>>>>>>> GBA Wonders- With Peacock growing and including sports and a new theme park.... Could Comcast be one of the big turn around stories? THIS IS RIGHT NOW AT IT'S 52 WEEK LOW! Comcast Corporation (CMCSA) A TOP CHOICE FOR THE FUTURE? NasdaqGS - NasdaqGS Real Time Price. 36.80-0.80(-2.13%)
SUPER NINTENDO WORLD™ is opening early 2023 in Universal Studios Hollywood. Super Nintendo World at Universal Hollywood will be officially opening early 2023, but many still believe the new area may open by late 2022.<------ Universal Studios Hollywood has officially announced that Super Nintendo World will have its grand opening in “Early 2023.” An exact date has not yet been revealed, but construction has been ramping up on the area in recent months. The official name for the land’s main attraction was revealed to be “Mario Kart: Bowser’s Challenge.” This is what we expected, as it is similar to the ride’s name in Japan, but instead of Koopa’s Challenge, as that is what they call him in Japan, ours uses the Bowser name. Official image for “Mario Kart: Bowser’s Challenge,” Image: Universal Studios Hollywood Universal, in their official press release said the ride “seamlessly fuses augmented reality with projection mapping technology and actual set pieces along a moving ride track to debut a ride that’s unparalleled anywhere within the theme park industry.” Nintendo themed merchandise featuring Super Nintendo World brandingcan already be purchasedfrom the Feature Presentation store in the park. And with this announcement for the official ride name, new Mario Kart items have debuted as well. Screenshot fromnew commercialshowing AR graphics on top of reality The announcement came with the ride’sfirst American commercial, which shows some of the attraction’s dark ride show scene sets. Riders wearing augmented reality goggles innew commercial It also shows off riders wearing the Augmented Reality goggles. The commercial also shows a composited visual representation of how the animated characters appear on top of reality when wearing the AR goggles for the ride. Construction at Epic Universe showing Yoshi’s Adventure future entrance, Photo:Bioreconstruct While Hollywood’s Super Nintendo World has an official opening time frame, Epic Universe in Orlando is still vaguely set to open by summer 2025 “at the latest.” Construction has been moving at a breakneck pace for the new park, located about 2 miles south of the existing Universal Orlando Resort, with the Nintendo area making the most progress. In fact, in recent photographs, we can spot the entrance to the Yoshi ride taking shape! Donkey Kong construction at Epic Universe with coaster footings and foundations, Photo:Bioreconstruct Construction on what we believe will be a Donkey Kong Country area and roller coaster attraction for Epic Universe’s Super Nintendo World is also moving along quite quickly. Coaster footings and show building foundations are looking more and more complex by the day at the busy work site. Donkey Kong construction seen from the park, Photo:LCASTUDIOS_USJviathemeparx.com In Universal Studios Japan, where the first Super Nintendo World is already open, construction for the land’s Donkey Kong Country expansion can now be seen rising above park areas. This construction is for Donkey Kong temple facade, Photo:LCASTUDIOS_USJviathemeparx.com This new Donkey Kong area is officially set to open in 2024, and will feature a roller coaster attraction. Official announcement art for Donkey Kong expansion, Image: Universal Studios Japan Universal Japan was set to debut their first parade featuring Nintendo characters earlier this year, but it has been reportedly pushed back to later this year, at the earliest. The “NO LIMIT! Parade,” as its called,” would also be thefirst joint projectbetween Universal Parks and The Pokemon Company, as it is set to feature characters like Pikachu in the parade. Officially concept art for Super Nintendo World at Universal Studios Singapore A version of the Super Nintendo World land is also expected for Universal Studios Singapore, although movement on their versionhas been slow. It is still expected to open in 2025, at least currently. The park’s Madagascar area did close and is being cleared now for expansion, which will also include a new Minions themed area. Super Nintendo World recent construction in Hollywood, Image:Theme Park Shark Getting back to Hollywood, the layout here is a bit different, placing Bowser’s Castle directly across from the land’s entry warp pipe, which unlike Japan’s layout, is on the lower level. Recent construction in Universal Studios Hollywood, Photo:Theme Park Shark Much of the upstairs areas are expected to be set aside for queue for the Mario Kart ride, which has some fans worried Hollywood will be receiving the Power-Up Band interactive activities seen in Japan. Screenshot fromnew commercial, showing Power-Up Band being used The good news is, the new commercial does show someone using a Power-Up Band. Plus, the official press release mentions that the land will contain “interactive areas, to be enjoyed by the whole family, along with themed shopping and dining.” Construction photo with Mt. Beanpole on left, Image:Theme Park Shark Hollywood is only getting the one Mario Kart ride, and is not opening with the Yoshi ride, or the Donkey Kong attraction. Despite not getting the Yoshi’s Adventure family ride, Mount Beanpole was still constructed, and there are rumors that part of that structure may contain some sort of interactive game. Super Nintendo World in Japan features interactive games you can play with a Power-Up Band Rumors for something featuring Yoshi and Captain Toad were floating around the internet after crates for Yoshi components were supposedly spotted in a staging area of the parking garage, and other photos shared on social media apparently displayed these characters being fabricated for use at the park. Whether those elements are just for show, for an interactive game exclusive to Hollywood, or even an elaborate animatronic Yoshi character meet and greet, remains to be seen. Universal Studios Hollywood welcoming Mario to the red carpet Super Nintendo World at Universal Hollywood will be officially opening early 2023, but many still believe the new area may open by late 2022. This could be for annual passholder and other special previews, like Japan held in the month leading up to its grand opening, or, it could simply be a soft opening in December 2022 before the land opens officially in the new year. Rumored location for new roller coaster to be built at Universal Studios Hollywood
--Aemetis India plant selected to supply $41M of biodiesel 08:21 AMTX Aemetis announced that… --Capstone Green Energy receives 2MW follow-on order 08:21 CGRN Capstone Green Energy has… --Red Cat receives FAA waiver to hold public demo of Eris multi-drone tech 08:15 RCAT --Checks suggest strong demand, share gains for SentinelOne, says Morgan Stanley 08:10 S Morgan Stanley analyst… --Pure Storage price target raised to $38 from $33 at Evercore ISI 08:05 PSTG Evercore ISI analyst Amit Daryanani raised the firm's price target on Pure Storage (PSTG) to $38 from $33 and keeps an Outperform rating on the shares ahead of the company reporting July quarter results on August 31. Pure has navigated supply tightness well throughout the pandemic and he expects the company to likely exceed Street expectations with upside driven by share gains in all flash array, expansion of its footprint with its existing customer base and potential for further ramps with Meta's (META) AI program, Daryanani tells investors.<------- IDEA-> GBA UPGRADE TO BUY -! SentinelOne, Inc. (S) NYSE - NYSE Delayed Price. 27.76-1.05(-3.64%) At close: August 26 04:00PM EDT 27.53-0.23(-0.83%) Pre-Market:8:35AM EDT A cybersecurity company growing revenue at breakneck speed (SentinelOne): The global economy is going digital. Whether it's a company that sells an online service, or a factory using software to manage production, technology is infiltrating businesses of all types. Nearly one in five CEOs in a 2021 survey cited cybersecurity risks as their companies' biggest threat in the coming years. SentinelOne is a cybersecurity company that uses artificial intelligence to detect and deter cyber threats on its XDR platform. It maps out a computer or device's actions intostories, and the AI analyzes them to find suspicious activity in real time. This is superior to traditional anti-virus software that relies on updates to stay relevant and can only identify cyber threats that already exist in its database. NYSE: S SentinelOne, Inc. Today's Change (-3.65%) -$1.05 Current Price $27.76 KEY DATA POINTS Market Cap $8B Day's Range $27.50 - $28.83 52wk Range $18.64 - $78.53 Volume 8,413 <----- EXTREMELY LOW ON SELL OFF Avg Vol 2,549,649 The company is growing rapidly. Revenue grew 120% year over year in the fiscal year 2022, ending Jan. 31, 2022. Management's revenue guidance for its fiscal 2023 year calls for 99% growth. SentinelOne serves three companies in the Fortune 10 and 7,450 in all. SentinelOne is nowhere near profitable, arguably the biggest knock on the company today. However, the operating margin has improved as revenue grows, a good sign for eventual profitability if it continues. Fortunately, SentinelOne is flush with cash. It burned through $128 million over the past year but has $1.6 billion in cash against zero debt. This gives the company plenty of capital to keep its foot on the growth pedal without a short-term need to raise more money. The stock came public last year and became one of Wall Street's highest-valued companies at a price-to-sales ratio (P/S) exceeding 100. The ongoing bear market has knocked the price down while revenue has continued growing. Now at a P/S of 26, the stock is much more reasonable and could be a big winner over the years if its impressive growth can keep its momentum. HOLLA! << GBA GOOD IDEAS FOR NOW >> 1> SentinelOne 2> Comcast 3> Energy stks/ Steel Dynamics, Inc. (STLD)- a lot of people are recommending this now. Seems high.... 86.87+0.11(+0.13%) At close: August 26 04:00PM EDT
CELH for a trade- Celsius Holdings, Inc. (CELH) NasdaqCM - NasdaqCM Real Time Price. 107.51-3.19 (-2.89%)<---- Go time! As of 01:51PM EDT.
Northern Oil and Gas, Inc. (NOG) NYSE - Nasdaq Real Time Price. 33.37+1.76 (+5.57%)<----------- As of 01:55PM EDT.
These guys need a new symbol. Hard to find. Hit " S "on yahoo a bunch of other crap comes up. You have to type in the name. what gives? SentinelOne, Inc. (S) NYSE - Nasdaq Real Time Price. 27.87+0.11 (+0.40%) As of 01:56PM EDT. Market open.
Evolv Technologies Holdings, Inc. (EVLV)- Let's Go! NasdaqCM - NasdaqCM Real Time Price. 2.7500+0.0400 (+1.48%) As of 01:57PM EDT.