So I just went ahead and did what Mama always said—invest smart, even if you don’t know much, like Nancy Peloci, whoever she is. Mama always told me I might not be the smartest, but I had a knack for keepin' things simple, and that’s worked out pretty well. I got me some Nvidia, and now it’s goin’ up faster than I could ever run. And I know runnin’—so I figured that was a good sign. Broadcom? Well, I don’t know much about chips, but it seems to me that if all these tech companies need them, it’s like buyin' up the whole bus instead of just a ticket.

And Bitcoin? Now that’s a funny thing. It’s like money, but you can’t touch it, so it took me a while to understand, but Mama always said sometimes the best things in life ain’t the things you can hold. So I reckon Bitcoin’s the future, and even if I don’t fully get it, I know to hold on tight. You don’t need to be a genius to see that Microsoft and Apple are like sure bets, so I got me some of those too. Sometimes, keepin’ it simple is the smartest thing of all.

"The corporate cure is always the same—lay off workers," said one critic. "Stock buybacks and layoffs are joined at the hip. It's time they were outlawed entirely."

The manufacturing giant Boeing, under the leadership of new CEO Kelly Ortberg, announced Friday that it will axe roughly 10% of its total workforce in the coming months, a move that drew attention to the company's massive spending on stock buybacks in recent years.

Boeing, which is currently facing a machinist strike, spent an estimated $68 billion on executive-enriching share repurchases and dividends between 2010 and 2019—spending that critics say refutes the company's claim that layoffs and inadequate worker compensation are necessary.

Made a comeback over two years. Yey . Back to $192k.

It feels way too good, doing nothing everyday and getting rich because the market keeps pumping. Every bear I've seen ends up dead. Even Michael Burry was forced to admit he was wrong. I feel like something has to give soon and the party has to end eventually.

Watch it happen

https://finance.yahoo.com/news/sofi-strikes-deal-fortress-2-130401538.html?guccounter=1

• Full-year of profitability
• Lower interest rates to uplift loan origination
• 41% YoY member growth in Q2
• Valuation lower than peers (mkt cap of $10B vs. HOOD mkt cap of $24b)

As Boeing Co. lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament appears to be only getting worse.

From a freak accident that blew a door-size hole into the fuselage of an airborne 737 Max to revelations of sloppy workmanship and now a crippling strike entering its second month — the icon of US manufacturing hasn’t been able to catch a break since the first days of January. Cash is dwindling, plane production is anemic and the stock is heading for its worst annual performance since the financial crisis in 2008.

Combined, the episodes have exposed quality lapses at Boeing and its supply chain, alongside a corrosive culture a quarter-century in the making, where pressure over costs and schedule permeated decision-making. Earlier this year, customers finally revolted and the board shook up leadership, hiring Kelly Ortberg in August out of retirement to fix the beleaguered manufacturer.

In his two months on the job, Ortberg has made a series of blunt moves. He removed the head of the defense and space division and tried to short-circuit a strike by taking a higher offer directly to workers — a move that backfired and only hardened the union’s resolve.

His latest maneuver came late on Friday, when Ortberg said Boeing would cut 10% of its workforce, equivalent to about 17,000 people. And he tucked in a hint that more dramatic steps might be needed to get the company back on course.

The comments suggest that Boeing under Ortberg may double down on the field for which it is best known: Commercial aviation. The unceremonious departure of Ted Colbert as head of the defense and space business put those subsidiary’s shortcomings into sharp relief — made more glaring still on Friday when Boeing said the unit would have about $2 billion in charges in the third quarter.

Rating agencies have put Boeing on notice with a warning that it may slip below investment grade, a move that would make the planemaker the biggest so-called fallen angel in corporate US history. The company has only a small buffer on top of the $10 billion of cash and short-term securities that it needs to avoid slipping to jut status. The toll from the strike increases the urgency to tap markets sooner rather than later for fresh financing.

All told, Boeing will record $5 billion in combined charges for its two largest businesses when it formally reports third-quarter earnings, the company said Friday evening in a surprise announcement. Besides the defense and space charges, Boeing will book additional costs for pushing back its 777X model once more, leaving its largest widebody aircraft with a delay of about six years.

Much is unclear about Boeing’s turnaround efforts. The ramp-up in production that was supposed to help cash flow has been undercut by the recent strike, and the defense and space business continues to hemorrhage money.

Longer-term, Boeing may need to make some tough calls on unprofitable areas like its space endeavors. The division made global headlines a few weeks ago when its Starliner capsule returned to earth without humans on board. It was an ignominious end to its first crewed mission to orbit after NASA decided not to risk putting two astronauts back into the glitch-prone spacecraft.

When the strike started in mid September, the CEO urged workers to embrace the future and not hold grudges, a nod to a 2014 contract that cost them their pensions. Senior management took solidarity pay reductions when Ortberg announced furloughs to preserve cash, and the latest job cuts will also include executives and management, he said.

But with so-called touch labor accounting for less than 5% for the total cost of a commercial aircraft program, some observers wonder why Boeing isn’t moving with more urgency to end the work stoppage that’s adding to its financial distress.

The strike is cascading through Boeing’s supply chain, heightening the risk that the recovery in the planemaker’s own factories will be slow and halting even once workers are back on the job. And so far, Boeing hasn’t said where the workforce cuts will occur, or what they might cost the company in terms of severance. Announcing the job cuts in the middle of labor negotiations is also a strategy fraught with risk.

On the one hand, Ortberg wants to instill a sense of urgency and shared sacrifice, said George Ferguson, an analyst with Bloomberg Intelligence. But on the other hand, the move threatens further antagonizing the very workers Boeing needs to restart jetliner production, at a time when skilled mechanics are in high demand. Even before Friday’s announcement, the war of words had intensified. Both Boeing and the union filed formal complaints accusing the other of breaching the protocol for labor negotiations.

(Selected Excerpts from Bloomberg)

AMD just launched a new electronic trading accelerator.

Went all in on one stock, options and all

Escaped from TSLA so have this bubble flying up

Okay so i bought $150k of rivian stock, my logic is this car company is valued at 10b, their vehicles are absolutely amazing I drive an r1s and it’s so much better than my last tesla, and then the company is hindered by parts shortage and if thats solved we’ll see a huge upside. Ultimately I feel like being 28 years old, it’s risky but it’s a reasonable bet. I bought in at around $10.50 and i have a stop loss at $8. Note this is 20% of my portfolio.

Damaged for the last couple months

Perfect set up for a run. Has been beaten down all year even though 3 straight quarters of profitability. The 4th straight quarter will happen when they report earnings on the 29th.

• One of the only stocks that is red on the year during this massive bull run.
• SI is at 17%!
• Just did a $2B deal this morning with Fortress to grow their personal loan business.

Even though the business has grown nearly 100x since IPO, it is actually below the price it IPOd at. SI has been as high as 23%. They have lots of shares that still need to be returned. Volume is coming back.

Bought this call last month at 1.97. Sold it 2 weeks ago for 7.38. Someone tar and feather me.

"The government of the Netherlands has announced plans to acquire NASAMS and NOMADS air defence systems from Kongsberg Defence & Aerospace (‘KONGSBERG’) in a deal expected to be valued at approximately NOK 11 billion." KOG is now ranked as the number 5th biggest company on the Norwegian stock market.

H