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Off-Topic Stock Market & Crypto Discussion

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?
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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.
 
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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.
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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):
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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?
 
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.
 
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TheEye said:
@90scane and @SpikeUM

Still bearish?
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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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mr.h said:
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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Sadly I sold uber at $88 a few months ago. I really think one of the FSD companies(Tesla/google) was/is gonna take it out. Remains to be seen. Nice 20B buyback


On other news, Shopify flying. Had earnings this morning.
 
APPL up big…
"We'll be putting a tariff on of approximately 100% on chips and semiconductors," Trump said in the Oval Office while meeting with Apple CEO Tim Cook. "But if you're building in the United States of America, there's no charge”
 
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