hot cocoa on the couch posted:

drat gas is cheap in america

cirus posted:

Well I guess that answers my previous question "where is the SEC" lol

quote:

Toalpaz posted:

AMD less than ten dollars away from being 66% down YTD

https://www.youtube.com/watch?v=_zptu4ph6-U E: FYI This is good advice

movax posted:

Looking at valuations / growth over the past decade, sometimes I have that feeling for well… everything. Growth has to be finite… right!?!

Cacafuego posted:

Is there an app I can download to select certain tickers that will show me option prices with a click or 2? I used to use robinhood’s app, but now I apparently have to have an account with them to see options pricing and I don’t want to do that

laxbro posted:

Microsoft has invested heavily in OpenAI. Between OpenAI and Blizzard they seem to be deploying their cash in seemingly smart ways in comparison to the other tech giants.

Space Fish posted:

https://twitter.com/unusual_whales/status/1615391455270559744?t=WbWrNBVi4MokMB_NL9ieZQ&s=19

Does this foreshadow the decline of the US dollar or a "where's my money" visit on the global stage?

Hadlock posted:

Can you go into more detail on this

quote:

Iron Mountain’s CFO Barry A. Hytinen also said on an earnings call this past April that “we do have very strong pricing power” and for the company, inflation is “actually a net positive.”

At the September 20 investor event, Meaney explained that “where we’ve had inflation running at fairly rapid rates … we’re able to price ahead of inflation” — that is, increase its prices at a greater rate than the high recent rates of inflation. As Meaney put it, raising prices “obviously covers our increased costs, but … a lot of that flows down to the bottom line.” He also noted that this didn’t just apply to his company: “People are seeing what FedEx, UPS, and others are having to do to actually manage their business and pass on that inflation.”

Later in the event, in response to a question from a JPMorgan Chase analyst, Meaney explained that the company had “been getting north of 200 basis points of price increase” — i.e., 2 percent — in the low inflation environment of the mid-2010s. But, he added, he had then hoped for inflation because “pricing for us is actually slightly accretive on the margin” with higher inflation.

Interestingly, both Meaney and Hytinen expressed momentary regret that what was good for Iron Mountain might be bad for everyone in general. “I wish I didn’t do such a good dance,” Meaney said last week, “but that’s more on a personal basis than on a business model.”

Hytinen told earnings call participants that “we feel for folks” regarding inflation, but “we have a high gross margin business, so it naturally expands the margins of the business.”

quote:

The Guardian’s findings are in line with recent US commerce department data that shows corporate profits rose 35% during the last year and are at their highest level since 1950. Inflation, meanwhile, rose to 8.5% year over year in March.

The Guardian’s analysis is the first to take a granular look at a cross-section of companies across a range of industries. It compared the most recent quarter’s profits to the same quarter two years prior, pre-pandemic. Price increases were obtained by checking earnings reports, though those often lacked specifics.

The data is not intended to be definitive, but does show how a wide sample of companies have raised prices even as profits jumped. In earnings call after earnings call, executives made no secret of their strategies.

As gas prices soared, Chevron’s 240% profit spike was part of “the best two quarters the company has ever seen”, prompting a dividend increase and assurances it would keep production low to maintain high prices.

Steel Dynamics profits increased 809%. The company was “not materially affected by inflation” as higher prices “exceeded” increased supply chain costs.

Fertilizer giant Nutrien’s profits shot up by about $1.2bn on “higher selling prices [that] more than offset higher raw material costs and lower sales volume”.

Nike’s 53% profit increase driven by higher prices was only “partially offset” by supply chain and inflationary cost increases.

Keurig-Dr Pepper’s “significant pricing actions” and productivity outpaced inflationary costs, leading to an 83% profit jump.

The analysis found commodity companies trading in oil, timber, rubber, meat, wheat, steel and mining recorded the highest profit increases, while restaurants and retailers saw comparatively lower improvements, or losses. Commodity price spikes reverberate down the supply chain, eventually hitting consumers, noted Martin Schmalz, an Oxford University economist.

The Guardian’s data, he added, objectively shows a massive “transfer of wealth” from consumers, who pay higher prices, to shareholders and investment firms that reap the benefits.

quote:

The chief financial officer of 3M said during his earnings call that the "team did an amazing job" driving higher prices, which have "more than offset the amount of inflation."

3M has more than two dozen lines of products including adhesives and aftermarket auto parts.

Toll Brothers is one of the largest homebuilders in the United States, with luxury homes currently being sold in Alameda and Contra Costa counties.

Its chief executive officer said, "We have more than exceeded cost increases through our pricing over the last 18 months."

He went on to say they "are still comfortable with our ability to drive that gross margin higher."

"We are seeing CEOs being really, really clear that they're using the cover of inflation to jack up prices on consumers," Mabud said.

quote:

VANEK SMITH: Mabud has listened to hundreds of corporate earnings calls and says CEOs talk openly about this. She points to grocery giant Kroger, which has seen billions in profits over the last couple years. On a recent call with investors, the CEO said the plan is to keep raising prices.

(SOUNDBITE OF ARCHIVED RECORDING)

RODNEY MCMULLEN: We view a little bit of inflation as always good in our business, and we would expect to be able to pass that through.

VANEK SMITH: AutoZone saw earnings jump 13%. Here's the CFO.

(SOUNDBITE OF ARCHIVED RECORDING)

JAMERE JACKSON: And as I've said before, you know, inflation has been a little bit of our friend in terms of what we see in terms of retail pricing.

VANEK SMITH: Hostess has seen profits jump more than 12%. The CEO had this to say.

(SOUNDBITE OF ARCHIVED RECORDING)

ANDY CALLAHAN: We're also seeing the consumers experience a lot of disruption. And they haven't fully recognized there were absorbed pricing.

VANEK SMITH: Et tu, Twinkie?

shame on an IGA posted:

loving nationalize that strategic asset before they do too much damage

the market cap is only $120b that's pocket change for DoD anyway

Subvisual Haze posted:

Should work fine as long as we replicate the important precondition "every other industrial economy in the world has been bombed into powder" like the US benefited from post-WW2.

Hadlock posted:

A lot of the tax code is written around an imaginary $400k income limit which seems fine unless you live in California

GhostofJohnMuir posted:

this only builds up my naive lay opinion that complex option trades are scary because counter party risks seem to pop up at every turn

sbaldrick posted:

Who do you feel is taking MS in the computer space as no business software really like Mac or Android.

Subvisual Haze posted:

A little odd for a company to add $70 billion of market cap in one day on a whim, but so it goes.

mrmcd posted:

https://www.nature.com/articles/d41586-023-02585-7

LK-99 is a bust. We won't be getting revolutionary tech this decade. Goondolences to anyone who put longshot bets on it being real.

quote:

Several red flags popped out to Derrick van Gennep, a former condensed-matter researcher at Harvard University in Cambridge, Massachusetts, who now works in finance