Warren Buffett comments on the US credit rating downgrade 👇
"There are some things people shouldn't worry about," he said. "This is one of them."
Buffett said: We bought $10 billion of Treasuries this Monday. And the only question for next Monday is whether we buy three-month or six-month $10 billion Treasury bonds.
Ratings firm Fitch said on Tuesday: We expect fiscal... Read more
"There are some things people shouldn't worry about," he said. "This is one of them."... this is pretty cool :) Buffett's definitely a cool guy, but I find him pretty arrogant at times...
Electric vehicle (EV) manufacturer $NIO seems to be enjoying the fruits of a particularly generous Chinese government of late. China's National Development and Reform Commission "urged local governments to ease restrictions on car purchases and introduce measures to encourage new car purchases."
- Another catalyst for the stock's rise is Tim Hsiao, a Morgan Stanley analyst who takes a more bullish approach to Nio stock. Hsiao raised his price target on Nio stock to $18.70 from $12 ->I like this one a lot
NIO Europe now has 21 battery swap stations $NIO-0.5%. ->not so much because it's woefully short...
Union Pacific's results are one big unknown for me 😀 The company missed revenue and earnings per share estimates, yet the stock is up over 8% in premarket trading (I'm not mad 😀 ) . But for many, it may be significant that the CEO is leaving the company after 8 years.
What do you think about the Alphabet $GOOGL results? Satisfaction for me 👇
Bulios Flash News: Google beat market expectations and reported earnings per share of $1.44 for the quarter, compared to expectations of $1.32. Revenues came in at $74.6 billion, also topping estimates of $72.8 billion.
So I finally found the reason for yesterday's rise in Nio $NIO.... In a bid to revive its lagging economy, the National Development and Reform Commission (NDRC), the government agency responsible for economic development in China, has said it is keen to bring in private capital to help in the development of major projects across the country, including EV and infrastructure... Read more
So investors, whose results will you be interested in this week? I think there's something for everyone 😄 For me, I think every day will be interesting, but I'm mostly focused on 3M $MMM, Google $GOOGL and $UNP.
I am interested in the results of several companies, but I am especially interested in the results of $GOOGL, $MSFT, $V, $KO, $META, $MCD, $CVX and also $PG.
Disney $DIS, which owns the ESPN television station, has held initial discussions about strategic partnerships with the NBA and NFL. These partnerships could mean that the sports leagues will acquire an ownership stake in ESPN.
What do you think of yesterday's drop in $TSM stock? Are you buying? There may have been better buying this year, but 5% down is not a bad thing. I saw that even Cathie Wood and Ark Invest immediately bought 28,909 shares of Taiwan Semiconductor.
Drugmaker Pfizer $PFEsaidits North Carolina plant, one of the largest sterile injectable manufacturing facilities in the world, suffered severe damage from a tornado... Hopefully this will only be a short-term problem, as this plant produces nearly 30% of the company's sterile injectables.
The stock hasn't reacted to the news yet, so we don't have a chance to buy.
I know that many of you may find the declines in $T and $VZ in recent days tempting given the dividend, etc., but while I don't want to advise anyone, I would be very cautious here and think twice about this investment. Why?
Warren Buffett (Berkshire Hathaway $BRK-B) sold 70% of his investment in Activision Blizzard $ATVI in the second quarter, and appears to have lost some of the gains as a federal judge said Microsoft can complete its $68.7 billion acquisition of the video game maker.
We haven't talked about Russia and the economy or stocks for a long time. I know there were a few people who owned stocks. Do you still have them? It's just that I came across an interesting article about how their economy is slowly going down the tubes, so if any brave souls still own them.
Here's a little summary of the state of Russia's economy 👇
Great thanks for the recap. This is exactly the information in a few sentences that I needed to get some idea of where Russia stands. Otherwise the sentence " clear sanctions don't work, wink😉" is great😁.
It's growing incredibly and it makes me happy, but I would be happier if I had AMZN stock in my poetfolio :D