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Off-Topic Stock Market & Crypto Discussion

Big earnings this week:
Monday, August 4:
  • Palantir (PLTR): Trading near record highs fueled by AI spending optimism.
  • Hims & Hers (HIMS):
  • BioNTech (BNTX):
Tuesday, August 5:
  • AMD (AMD): Expected to report, analysts are closely watching their MI350 series chips, which could be competitive with Nvidia products.
  • Pfizer (PFE):
  • Caterpillar (CAT):
  • Snap (SNAP):
  • Rivian (RIVN):
  • Super Micro Computer (SMCI):
Wednesday, August 6:
  • Disney (DIS): The entertainment giant previously lifted its full-year profit outlook due to streaming subscriber growth.
  • McDonald's (MCD): Reports amid lower traffic from middle-income households due to lagging consumer confidence.
  • Uber (UBER): Analysts are generally optimistic about Uber's upcoming report.
  • Shopify (SHOP):
Thursday, August 7:
  • Eli Lilly (LLY): Follows May's profit outlook cut due to high research and development costs.
  • Pinterest (PINS):
  • Warner Bros. Discovery (WBD):
Friday, August 8:
  • Under Armour (UAA):
 
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mr.h said:
It sometimes takes months for the final numbers to be sorted. That is why all economic indicators have a revision column. I don’t remember anyone here complaining about this when Biden’s numbers came out strong and then was revised down. You are all conspiracy theorists…that is what Trump and his people depend on. You always take the bait.
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Forget Biden and Trump. Did we have wild revisions 20 years ago? We should have more accurate data quicker than ever before, but somehow we don't?

Do you not see the problem with these revisions? Are you saying this is the best they can do?
 
JD08 said:
Forget Biden and Trump. Did we have wild revisions 20 years ago? We should have more accurate data quicker than ever before, but somehow we don't?

Do you not see the problem with these revisions? Are you saying this is the best they can do?
Click to expand...
Economic indicators have had revisions for decades. Some indicators come in slower and need to be revised. Revisions are good because they give us more accurate data. Trump complains and everyone takes the bait.
 
mr.h said:
Economic indicators have had revisions for decades. Some indicators come in slower and need to be revised. Revisions are good because they give us more accurate data. Trump complains and everyone takes the bait.
Click to expand...
You only see Trump. Look past Trump.

Apply Hanlon's Razor here.
 
mr.h said:
Big earnings this week:
Monday, August 4:
  • Palantir (PLTR): Trading near record highs fueled by AI spending optimism.
  • Hims & Hers (HIMS):
  • BioNTech (BNTX):
Tuesday, August 5:
  • AMD (AMD): Expected to report, analysts are closely watching their MI350 series chips, which could be competitive with Nvidia products.
  • Pfizer (PFE):
  • Caterpillar (CAT):
  • Snap (SNAP):
  • Rivian (RIVN):
  • Super Micro Computer (SMCI):
Wednesday, August 6:
  • Disney (DIS): The entertainment giant previously lifted its full-year profit outlook due to streaming subscriber growth.
  • McDonald's (MCD): Reports amid lower traffic from middle-income households due to lagging consumer confidence.
  • Uber (UBER): Analysts are generally optimistic about Uber's upcoming report.
  • Shopify (SHOP):
Thursday, August 7:
  • Eli Lilly (LLY): Follows May's profit outlook cut due to high research and development costs.
  • Pinterest (PINS):
  • Warner Bros. Discovery (WBD):
Friday, August 8:
  • Under Armour (UAA):
Click to expand...
Thoughts on PLTR?
 
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JD08 said:
So bad data is okay because we've had bad data in the past.
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It’s not bad data…it’s the data that’s available at the time. How you all cheered when Biden’s numbers were revised down. Shortheimers…..lol
This is 100% political…
 
mr.h said:
It’s not bad data…it’s the data that’s available at the time. How you all cheered when Biden’s numbers were revised down. Shortheimers…..lol
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I've said before this goes back to Obama days when people noticed the revisions were mostly downward after the fact. I'm sure there a chart out the with job numbers and revisions over time that will show the variance. One that uses percentages would be best to account for the change in population.

I'll also paraphrase Lord Kelvin. That which can't be measured, can't be improved. How can anyone make a decision based on these releases when there good chance of a massive revision in the opposite direction?
 
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TheEye said:
@90scane and @SpikeUM

Still bearish?
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Yes on a macro level, its a bit of irrational exuberance, the market simply has gone up too far too fast. But for me at least, that doesnt mean I am in cash or bonds, I am mostly invested in areas of the market that have done well, should continue to do well, and would be the least impacted by a correction.
 
TheEye said:
@90scane and @SpikeUM

Still bearish?
Click to expand...

I'm bearish on how the stock market can continue growing while the US Deficit keeps seaking new highs. Also concerned that real estate and unemployment will drag everything down. Remember, the normal lows are 12 months after a FED pivot. The FED is still doing QT and hasn't dropped rates beyond the .5 last year. Thus, we could keep moving higher over the next 3-12 months but at some point I expect a correction.
 
UBER is a gem
Ride-hailing giant Uber’s (UBER) second quarter revenue topped estimates, with strong current quarter guidance. And the company announced a monster $20 billion stock buyback to boot.

Uber reported Q2 revenue grew 18% year over year to $12.65 billion (vs $12.48 billion estimated). Uber posted EPS of $0.63 vs $0.63 estimated, with adjusted EBITDA coming in at $2.12 billion vs $2.09 billion estimated, up 35%.

NVO misses top and bottom…too much competition with weight loss meds.
 
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