Anton Levy, director at Warner Bros. Discovery (NASDAQ:WBD),purchased325,000 shares for about $11.00 per share, worth about $3.55 million. His total ownership is now 949,000 shares.
Gregory Hayes, director at Phillips 66 (NYSE:PSX),acquired8,350 shares at $119.90 each, for a transaction value of around $1 million. His holdings have increased to 29,423 shares. Scott Smith, CEO of Viatris (NASDAQ:VTRS),purchased22,000 shares at $9.99 each, for a total of about $219,740. His stake now stands at 314,807 shares.
FIGMA reminds me of AFRM. Affirm I brought to ET before anyone had heard of it this FIG I am sure other folks have heard about it. Something feels similar. This might be my top idea to replace ONDS. Although obviously much more pricey./ The timing just feels right. NYSE - Nasdaq Real Time Price•USD Figma, Inc.(FIG) 79.42 +3.11 +(4.08%) At close: August 15 at 4:00:02 PM EDT
An Aug. 15 New York Times headline told readers, "The stock market is getting scary." Economist Burton Malkiel pointed out that stock valuations are near the highest levels in 230 years, warning that "there are worrisome signs that investor optimism may have gotten out of hand." What seems to be happening is that the stock market is diverging from the real economy. The signs of an economic slowdown include sharply slowing job growthand asurge in wholesale inflation caused largely by all of Trump's new taxes on imports. Consumers expect higher producer costs to push up retail costs in the coming months,pushing overall inflation from 2.7% now to around 4.5%. That's depressing overall consumer sentiment. It's not alarming for the stock market and the economy to go in slightly different directions. As Sam Ro points out in hisTKer newsletter, the stock market often functions as a "discounting mechanism" assessing future growth and earnings. And some Wall Street analysts think the early 2025 swoon — with the S&P down 21% from late February to early April — represented stocks pricing in the slowdown we're undergoing now. If so, the current run-up might be telling us the economy will do better by the end of the year than the meek 1% GDP growth many economists are forecasting. -- > This is an interesting way of looking at things. Not sure I agree but I like the effort- Economist Ed Yardeni of Yardeni Research asked, "Why are stock prices still rising?" in his Aug. 11 newsletter. Then he answered the question, providing four reasons for optimism about stock values. One is the growing likelihood that the Federal Reserve will cut interest rates, the normal remedy for a slowing economy. Lower rates make borrowing cheaper and help boost corporate earnings. Investors put nearly 90% odds on a quarter-point rate cut in September, according to the CME Group's FedWatch tool. Yardeni also thinks the US economy remains resilient, with strong productivity growth offsetting a slowing pace of job growth. And there's increasing evidence that artificial intelligence and other digital advances are real drivers of earnings growth rather than a passing fad. He forecasts another 55% rise in the S&P by the end of the decade. ----> disagree here If there is a near-term correction, it would obviously undermine Trump's claim that a new "Golden Age" has arrived in America. Voters are already skeptical of the Trump economy, with his approval rating on the issue falling from 42% in February to 37% now. His tariffs are unpopular, and worries about the job market are rising. But a stock market correction would hardly be unprecedented, and most investors would simply ride it out. Trying to buy and sell stocks to time market ups and downs is a notoriously bad investing strategy, because markets often move unpredictably. Even the New York Times, while warning of a scary market, said the only thing a typical investor can really do about it is occasionally rebalance assets, which is evergreen advice. Last paragraph is absolute shit and ruins what could of been a good angle. Morons. Pain will be felt. Lessons taught.
According to Cramer, enterprise software is suffering because the industry might be one of the first hurt by new generative artificial intelligence technology. While he said Adobe has solid AI offerings of its own, newer AI companies are coming out with comparable products. Figma, too, has its own AI technology, Cramer said. But he said comments from CEO Dylan Field about Figma’s AI investments made him concerned that profitability would take a hit for an extended period of time. In the filing, Field said that “AI spend will potentially be a drag on our efficiency for several years.” “I recognize the need for these companies to spend fortunes on AI,” Cramer said. “But if Figma’s operating margin goes negative, well, I don’t think Wall Street’s going to be too forgiving, frankly.” Figma declined to comment. Hummmmmmmm. I was worried about when companies were going to start getting punished for investing in Ai rather than being rewarded. It seems everyone wants everything.