arren Buffett’s Berkshire Hathaway, $BRK.B, has sold an additional $863 million of Bank of America,$Bank of America(BAC)$ , stock.Buffet is laughing all the way out of his bank. Does he knows something we don’t ? Why is he liquidating so much and holding the cash ?
$NVIDIA Corp(NVDA)$ NVDA's CEO has sold more than $400 million worth of stock in the last 6 weeks alone. that's ~3.4 million worth of shares or just above 1% of total shares outstanding of $NVDA. To me, when insiders sell this many it's a sign that, in the short term, the stock has topped.
What just happened to Nvidia?$NVIDIA Corp(NVDA)$ Yesterday, Nvidia, $NVDA, broke the all time record for most market cap added by a stock in a single day, adding +$330 billion. Today, the stock has erased ~$270 billion of market cap since its high seen this morning. That's a $600 BILLION swing in market cap in just 2 trading days. The 3rd largest public company in the world is officially trading like a meme stock. What is happening here?
$Tesla Motors(TSLA)$ Upside: 1/ EV adoption +20%-25% per yr 2/ EPS est trend likely to bottom 4Q 3/ Fed starts cutting int rates in Sept 4/ Higher FSD take rates/licensing deal 5/ $25K-$30K Compact launch FY’25 6/ Energy profits could 10x by 2030 7/ TSLA likely first to market with unsupervised generalized robotaxi FY’25 8/ Optimus production begins FY’26 Downside: 1/ Judge McCormick likely to again reject Elon’s 2018 comp plan; DE Supreme Court timing 2025 2/ Auto gross margins ex-reg credits may not have bottomed 3/ 10/10 robotaxi event unlikely to live up to its hype 4/ TSLA at highest P/E in two years 5/ Regulatory risk on FSD/Autonomy
NEWS: Hedge funds piled into short bets against @Tesla right before it announced delivery numbers that triggered a 20% stock rally. 18% of the 500+ hedge funds tracked by Hazeltree had an overall short position on Tesla at the end of June, the highest percentage in over a year - Bloomberg $TSLA short sellers lost billions this past week$Tesla Motors(TSLA)$
$NVIDIA Corp(NVDA)$ 🚨BREAKING🚨 $NVDA'S PROJECTED EARNINGS ARE OFF THE CHARTS…. ▪ REVENUE EXPECTED TO REACH $28.7B (+113%) ▪ EPS SOARING TO $0.64 (+138%)
BREAKING: Mark Zuckerberg just admitted to working with Biden/Harris admin to censor Americans. He either admitted to this because: 1. He’s being honorable 2. He’s done with the Dem party 3. He’s getting ahead of a whistleblower Either way this is a VERY HARD letter to write.$Meta Platforms, Inc.(META)$
Pre market on the up trend but it doesn’t matter until J Powell speak at 10am (Jackson Hole). We might be in for a surprise big dip as he will likely be repeating what he said in previous meeting, like we need to see more data before any cut rate.$S&P 500(.SPX)$
Yesterday in 50 minutes, @TheRoaringKitty proved he is not the cause of $GME price going up, and there is not a possible case against him for pump-and-dumps because he has not sold any of his positions. The State of Massachusetts, FINRA, and The SEC can now focus all attention on the 100 million naked short shares yesterday and purposeful causing of trading halts by sending block orders to lit markets. $GameStop(GME)$$AMC Entertainment(AMC)$
Three days in a row, we have high volume end of day close on a rally on $TSLA. Classic, Institutional traders are using Algo to accumulate throughout the day, and then making large fills end of day. This is not bearish behaviour.$Tesla Motors(TSLA)$
Form 144:$Palantir Technologies Inc.(PLTR)$ Palantir Technologies' Director and Officer Alex Karp proposes to sell 585,000 shares of common stock on August 20, 2024, with a total market value of approximately $18.86 million.Over the past three months,Alex Karp has conducted 2 sales, totaling 206,473 shares.
For those in doubt China will be the first to approve regulation and adopt FSD whole nation as they want to be the first country to be driverless.Subsequently the world will follow suit.All EV will then adopt Tesla FSD licensing. That’s master plan 4-5.$Tesla Motors(TSLA)$
$Palantir Technologies Inc.(PLTR)$ $NVIDIA Corp(NVDA)$ $Tesla Motors(TSLA)$ $Meta Platforms, Inc.(META)$ Warren Buffet sold$Apple(AAPL)$ shares, Mark sold Meta, Lisa sold $AMD , Alex sold $PLTR is that signalling we are on the top and down for a huge correction? Remember market is at extreme greed territory also market won't be forever up. Time to trim and lock in profit?
If you ever get upset for selling too early just know it could have been worse Meet Ronald Wayne Apple's 3rd co-founder who sold his entire 10% stake in the company for $800 back in 1976 10% of Apple $AAPL is currently worth ~$328 Billio$Apple(AAPL)$ $Tesla Motors(TSLA)$
Microsoft outage gonna impact the market tonight ?
OUTAGES - Biggest IT outage ever according to experts - Major banks, media, airports and airlines affected by major IT outage - Rail services disrupted in parts of US and UK - Payment systems impacted in different parts of the world, including Australia and the UK. - Australia's government calls for emergency meeting - Significant disruption to some Microsoft services - 911 services disrupted in several US states including Alaska, Arizona, Indiana, Minnesota, New Hampshire and Ohio. - Services at London Stock Exchange disrupted - Sky News went off air, other media facing disruptions - CrowdStrike CEO says not due to cyberattack and that 'the issue has been identified, isolated and a fix has been deployed'
$Palantir Technologies Inc.(PLTR)$ Palantir new 52 week high hit $37.42, now slightly retracing. Rate cuts are bullish and bearish for Palantir: Bearish — most of their net income (profits) are from cash collecting a risk free return of 5% Bullish — rate cuts mean more business are willing to spend money, more investors rake cash out of HYSA’s and put it into equities, more topline revenue growth increases their net income margins so they don’t need to rely on treasury income for EPS growth. No debt. $4B in cash. Getting back to 30% ARR growth.