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DHUnplugged #730: Spend Spend Spend
Very Business friendly cabinet
Market rotation continues – now it is back into the big-caps
Consumers – WOW! – Spend Spend Spend
Black Friday and Cyber Monday updates
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
DONATIONS ? Thank you for all who gave to the Thanksgiving Holiday Campaign...
Warm-Up
- Very Business friendly cabinet
- Market rotation continues - now it is back into the big-caps
- Consumers - WOW! - Spend Spend Spend
- Black Friday and Cyber Monday updates
Markets
- November - the best month of the year!
- New highs and predictions for a 5% December
- USD is on the rise - bond yields ease.
- Bitcoin can't seem to breach $100k
ANNOUNCING the CTP Contestants for 2024 CTP Cup
Michael Bowling
Kirk Saathoff
Eric Harvey
Chad Laajala
Tim Dewey
Paul Kinder
Anson Brady (2023 CTP Cup Winner)
Saying goodbye to legend - Art Cashin
- Pillar of the exchange
- He was on the TDI Podcast - LINK
Marshall Law
- South Korean President Yoon declares martial law:
- Says through martial law he will rebuild a free and democratic country
- Government administration has been paralyzed because of opposition party conducts
- Says he will eradicate pro-North forces and protect constitutional order
- Marshall Law lifted - but a good amount of confusion remains
Consumers on a Rampage
- Adobe said that in the U.S., consumers made a record-breaking $10.8 billion of purchases, up 10.2% on last year.
- Cyber Monday sales reached $13.5 bln, ahead of initial expectations
- Quick Amazon vs Costco Story - Looking for UPS backup - Same model on Amazon (Cyber Monday Deal) $179 - Costco $129
- Buy now, pay later plans helped finance purchases, driving 8.8% more in online spend than last year
- But... Not so much IN-STORE: Overall, store traffic on Black Friday was down 3.2%, with footfall down 7% in the Midwest, 2.1% in the Northeast, 3.5% in the South and 3.2% in the West
Retail
- Consumer discretionary stocks are on fire
- People are buying - alot of stuff
- Abercrombie & Fitch issued strong holiday guidance last week after posting its sixth straight quarter of double-digit sales growth and another quarter of results that topped expectations.
- Gap issued good guidance as well
- RTH ETF - (Retail) all time high (Amazon, Costco, Home Depot, WalMart etc)
On the Other hand....
- Electronics provider Best Buy on Tuesday cut its full-year sales forecast as it missed Wall Street's quarterly revenue expectations and a fresh batch of iPhones and AI-enabled laptops weren't enough to drive higher sales.
- The consumer electronics retailer said it now expects full-year revenue to range from $41.1 billion to $41.5 billion, compared to prior guidance of $41.3 billion to $41.9 billion.
- It expects full-year comparable sales to decline by between 2.5% and 3.5%, compared to its prior expectations of a 1.5% to 3% drop.
Year Top Date Scorecard
S&P Sector Scorecard
AI
- Amazon announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives.
- The new funding brings the tech giant's total investment to $8 billion, though Amazon will retain its position as a minority investor, according to Anthropic, the San Francisco-based startup behind the Claude chatbot and AI model.
- Amazon Web Services will also become Anthropic's "primary cloud and training partner,"
- Amazon does not have a seat on Anthropic's board.
AI - Immigration
- A signature campaign promise of President-elect Donald Trump is to initiate mass deportations of undocumented residents of the United States.
- At a Sept. 12 campaign stop in Tucson, Arizona, Trump promised to "begin the largest mass deportation mission in the history of our country."
- Incoming (selected) Boarder Czar
- Talk of using AI for Mass Deportation - Facial Rec and what
AI AI
- Elon Musk is asking a federal court to stop OpenAI from converting into a fully for-profit business.
- Attorneys representing Musk, his AI startup xAI, and former OpenAI board member Shivon Zilis filed for a preliminary injunction against OpenAI on Friday. The injunction would also stop OpenAI from allegedly requiring its investors to refrain from funding competitors, including xAI and others.
Musk - Poor Elon
- Tesla chief executive Elon Musk's record-breaking $56bn (£47bn) pay award will not be reinstated, a judge has ruled.
- The decision in the Delaware court comes after months of legal wrangling and despite it being approved by shareholders and directors in the summer.
- Judge Kathaleen McCormick upheld her previous decision from January, in which she argued that board members were too heavily influenced by Mr Musk.
One More AI
- At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Twelve Labs, a startup that uses multimodal artificial intelligence (AI) to bring human-like understanding to video content, is building and scaling its proprietary foundation models on AWS.
- Twelve Labs will use AWS technologies to accelerate the development of its foundation models that map natural language to what's happening inside a video.
- This includes actions, objects, and background sounds, allowing developers to create applications that can search through videos, classify scenes, summarize, and split video clips into chapters.
More Threats
- This will be a standard for the next few year so get used to it
- BRICS
- President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.
- His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
--- YET he is all on on Bitcoin? How is that not undermining the US Dollar.
DJIA - Best month in a year
- WOW! Banks popped, small caps, mid caps and pretty much every asset class
- Emerging markets lagged as the USD moved higher
- Rates moved down
Love the Show? Then how about a Donation?
2024 - DH Closest to The Pin Cup Coming Soon!
Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) -
PLUS a one-of-a-kind DHUnplugged CTP Winner's certificate..
FED AND CRYPTO LIMERICKS
See this week’s stock picks HERE
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
View all episodes
By Horowitz and DvorakVery Business friendly cabinet
Market rotation continues – now it is back into the big-caps
Consumers – WOW! – Spend Spend Spend
Black Friday and Cyber Monday updates
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
DONATIONS ? Thank you for all who gave to the Thanksgiving Holiday Campaign...
Warm-Up
- Very Business friendly cabinet
- Market rotation continues - now it is back into the big-caps
- Consumers - WOW! - Spend Spend Spend
- Black Friday and Cyber Monday updates
Markets
- November - the best month of the year!
- New highs and predictions for a 5% December
- USD is on the rise - bond yields ease.
- Bitcoin can't seem to breach $100k
ANNOUNCING the CTP Contestants for 2024 CTP Cup
Michael Bowling
Kirk Saathoff
Eric Harvey
Chad Laajala
Tim Dewey
Paul Kinder
Anson Brady (2023 CTP Cup Winner)
Saying goodbye to legend - Art Cashin
- Pillar of the exchange
- He was on the TDI Podcast - LINK
Marshall Law
- South Korean President Yoon declares martial law:
- Says through martial law he will rebuild a free and democratic country
- Government administration has been paralyzed because of opposition party conducts
- Says he will eradicate pro-North forces and protect constitutional order
- Marshall Law lifted - but a good amount of confusion remains
Consumers on a Rampage
- Adobe said that in the U.S., consumers made a record-breaking $10.8 billion of purchases, up 10.2% on last year.
- Cyber Monday sales reached $13.5 bln, ahead of initial expectations
- Quick Amazon vs Costco Story - Looking for UPS backup - Same model on Amazon (Cyber Monday Deal) $179 - Costco $129
- Buy now, pay later plans helped finance purchases, driving 8.8% more in online spend than last year
- But... Not so much IN-STORE: Overall, store traffic on Black Friday was down 3.2%, with footfall down 7% in the Midwest, 2.1% in the Northeast, 3.5% in the South and 3.2% in the West
Retail
- Consumer discretionary stocks are on fire
- People are buying - alot of stuff
- Abercrombie & Fitch issued strong holiday guidance last week after posting its sixth straight quarter of double-digit sales growth and another quarter of results that topped expectations.
- Gap issued good guidance as well
- RTH ETF - (Retail) all time high (Amazon, Costco, Home Depot, WalMart etc)
On the Other hand....
- Electronics provider Best Buy on Tuesday cut its full-year sales forecast as it missed Wall Street's quarterly revenue expectations and a fresh batch of iPhones and AI-enabled laptops weren't enough to drive higher sales.
- The consumer electronics retailer said it now expects full-year revenue to range from $41.1 billion to $41.5 billion, compared to prior guidance of $41.3 billion to $41.9 billion.
- It expects full-year comparable sales to decline by between 2.5% and 3.5%, compared to its prior expectations of a 1.5% to 3% drop.
Year Top Date Scorecard
S&P Sector Scorecard
AI
- Amazon announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives.
- The new funding brings the tech giant's total investment to $8 billion, though Amazon will retain its position as a minority investor, according to Anthropic, the San Francisco-based startup behind the Claude chatbot and AI model.
- Amazon Web Services will also become Anthropic's "primary cloud and training partner,"
- Amazon does not have a seat on Anthropic's board.
AI - Immigration
- A signature campaign promise of President-elect Donald Trump is to initiate mass deportations of undocumented residents of the United States.
- At a Sept. 12 campaign stop in Tucson, Arizona, Trump promised to "begin the largest mass deportation mission in the history of our country."
- Incoming (selected) Boarder Czar
- Talk of using AI for Mass Deportation - Facial Rec and what
AI AI
- Elon Musk is asking a federal court to stop OpenAI from converting into a fully for-profit business.
- Attorneys representing Musk, his AI startup xAI, and former OpenAI board member Shivon Zilis filed for a preliminary injunction against OpenAI on Friday. The injunction would also stop OpenAI from allegedly requiring its investors to refrain from funding competitors, including xAI and others.
Musk - Poor Elon
- Tesla chief executive Elon Musk's record-breaking $56bn (£47bn) pay award will not be reinstated, a judge has ruled.
- The decision in the Delaware court comes after months of legal wrangling and despite it being approved by shareholders and directors in the summer.
- Judge Kathaleen McCormick upheld her previous decision from January, in which she argued that board members were too heavily influenced by Mr Musk.
One More AI
- At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Twelve Labs, a startup that uses multimodal artificial intelligence (AI) to bring human-like understanding to video content, is building and scaling its proprietary foundation models on AWS.
- Twelve Labs will use AWS technologies to accelerate the development of its foundation models that map natural language to what's happening inside a video.
- This includes actions, objects, and background sounds, allowing developers to create applications that can search through videos, classify scenes, summarize, and split video clips into chapters.
More Threats
- This will be a standard for the next few year so get used to it
- BRICS
- President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.
- His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
--- YET he is all on on Bitcoin? How is that not undermining the US Dollar.
DJIA - Best month in a year
- WOW! Banks popped, small caps, mid caps and pretty much every asset class
- Emerging markets lagged as the USD moved higher
- Rates moved down
Love the Show? Then how about a Donation?
2024 - DH Closest to The Pin Cup Coming Soon!
Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) -
PLUS a one-of-a-kind DHUnplugged CTP Winner's certificate..
FED AND CRYPTO LIMERICKS
See this week’s stock picks HERE
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter