Brian Posted August 1 Share Posted August 1 Aww shit. I’m ready to buy. LFG Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted August 1 Share Posted August 1 1 hour ago, Massdriver said: Dow slides 700 points, on track for biggest sell-off of 2024: Live updates WWW.CNBC.COM Stocks dropped Thursday as investors weighed the latest corporate earnings reports and economic data. The market hates it when a former POTUS shows his whole ass to a room of black journalists, confirmed. 1 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted August 1 Share Posted August 1 Intel to cut 15% of headcount, reports quarterly guidance miss WWW.CNBC.COM Intel is cutting costs and won't pay a dividend for the fourth quarter of this year following weak results and quarterly guidance. Amazon reports weaker-than-expected revenue for second quarter and issues disappointing guidance WWW.CNBC.COM Amazon reported earnings after the bell. Here are the results. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted August 1 Share Posted August 1 1 hour ago, Massdriver said: Dow slides 700 points, on track for biggest sell-off of 2024: Live updates WWW.CNBC.COM Stocks dropped Thursday as investors weighed the latest corporate earnings reports and economic data. Nah they want Trump for that tax cut Quote Link to comment Share on other sites More sharing options...
Massdriver Posted August 1 Share Posted August 1 Intel stock plunges 10% as company announces cost cutting plan to slash jobs, suspend dividend FINANCE.YAHOO.COM Shares of Intel fell more than 10% on Thursday, as the company reported worse than anticipated earnings. Quote Chip giant Intel (INTC) reported its second quarter earnings after the bell on Thursday, missing on the top and bottom lines, and announcing a $10 billion cost reduction plan to cut 15% of its workforce and suspend dividend payments. Ouch. It could be a good turn around story if they can execute on the foundries. Update: Intel is now 15% down in after hours. That's after selling off during regular hours 5.5%. Quote Link to comment Share on other sites More sharing options...
finaljedi Posted August 2 Share Posted August 2 They seem to be turning their nose at their recent processor defects that spanned a couple gens, but I wonder if a lawsuit doesn't show up and fuck them. Or if the corporate laptop market may lose faith and switch to AMD. Quote Link to comment Share on other sites More sharing options...
Nokra Posted August 2 Share Posted August 2 13 minutes ago, finaljedi said: They seem to be turning their nose at their recent processor defects that spanned a couple gens, but I wonder if a lawsuit doesn't show up and fuck them. Or if the corporate laptop market may lose faith and switch to AMD. Yeah it was handled very poorly, IMO. It looks like they're extending the warranty by two years on these two gens of CPUs, at least. 1 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 2 Share Posted August 2 2 hours ago, finaljedi said: They seem to be turning their nose at their recent processor defects that spanned a couple gens, but I wonder if a lawsuit doesn't show up and fuck them. Or if the corporate laptop market may lose faith and switch to AMD. They’re replacing any affected CPUs and extending warranties, an alleged fix is due out in a week or two. Outside of a recall I’m not sure what else they can do tbh 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted August 2 Share Posted August 2 4 hours ago, Spork3245 said: They’re replacing any affected CPUs and extending warranties, an alleged fix is due out in a week or two. Outside of a recall I’m not sure what else they can do tbh Give us all a million bucks Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 2 Share Posted August 2 27 minutes ago, SuperSpreader said: Give us all a million bucks Looking at their ER, I’m not sure they could even give us all $5 1 Quote Link to comment Share on other sites More sharing options...
finaljedi Posted August 2 Share Posted August 2 7 hours ago, Nokra said: Yeah it was handled very poorly, IMO. It looks like they're extending the warranty by two years on these two gens of CPUs, at least. I missed that announcement, the last thing I'd seen was on The Verge where Intel gave some oddly dismissive answers to what they were doing about it. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 2 Share Posted August 2 INTC is down 24% in pre-market trading (along with the rest of the market - it's going to be another brutal day). 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted August 2 Share Posted August 2 7 minutes ago, Commissar SFLUFAN said: INTC is down 24% in pre-market trading (along with the rest of the market - it's going to be another brutal day). Wall Street: but when did she start being black pls pls pls give us Trump Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted August 2 Share Posted August 2 Daddy needs a tax cut 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted August 2 Share Posted August 2 We thought we were fighting Biden this isn't fair Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 2 Share Posted August 2 With all data pointing to a definite cooling of the economy, there is no doubt that the Fed will cut rates next month and probably should've done it this month. 1 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 2 Share Posted August 2 Just to give a sense of things, the oil markets are totally brushing off the very real possibility that the Israel/Iran situation could turn into a regional conflagration in favor of worrying that the US economy has tipped over into a recession. Quote Link to comment Share on other sites More sharing options...
Massdriver Posted August 2 Share Posted August 2 30 minutes ago, Commissar SFLUFAN said: With all data pointing to a definite cooling of the economy, there is no doubt that the Fed will cut rates next month and probably should've done it this month. The probability of a half point cut has certainly gone up too, but I think they will do a quarter point to seem predictable and unemotional to the market. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 2 Share Posted August 2 Just now, Massdriver said: The probability of a half point cut has certainly gone up too, but I think they will do a quarter point to seem predictable and unemotional to the market. Hell, there is every possibility of three rate cuts before the end of the year! Quote Link to comment Share on other sites More sharing options...
Massdriver Posted August 2 Share Posted August 2 44 minutes ago, Commissar SFLUFAN said: INTC is down 24% in pre-market trading (along with the rest of the market - it's going to be another brutal day). I just did something insane. I bought some Intel at ~$21 a share! Fabs, IP, insanely good engineers, and a CEO is going to right the ship! Long-term hold for me. Let's go team blue! Quote Link to comment Share on other sites More sharing options...
Massdriver Posted August 2 Share Posted August 2 Japan's Nikkei drops 5% to an 8-month low, Topix clocks worst day in 8 years as Asia markets fall WWW.CNBC.COM The gloomy sentiment in Asia markets comes after a sell-off on Wall Street, which saw all three major U.S. indexes plunge on recession fears. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted August 2 Share Posted August 2 On the one hand, I don't want my RRSPs and TFSAs to drop, since they've grown quite a bit in the last year. On the other, my mortgage (currently 1.29%) renews in April 2026, so I need those rates to drop! Quote Link to comment Share on other sites More sharing options...
Nokra Posted August 2 Share Posted August 2 3 hours ago, Massdriver said: I just did something insane. I bought some Intel at ~$21 a share! Fabs, IP, insanely good engineers, and a CEO is going to right the ship! Long-term hold for me. Let's go team blue! FWIW, as an employee of Intel, I do believe in Intel's strategy in the long term and I think we will ultimately rally, so I don't think it's all that insane. Moving to a foundry model is definitely needed, and having more robust supply chains by having chip production in the US is ultimately the right move. There were always going to be growing pains, but this has really accelerated the whole process. Morale around the office is really low today though. 2 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted August 2 Share Posted August 2 1 minute ago, Nokra said: FWIW, as an employee of Intel, I do believe in Intel's strategy in the long term and I think we will ultimately rally, so I don't think it's all that insane. Moving to a foundry model is definitely needed, and having more robust supply chains by having chip production in the US is ultimately the right move. There were always going to be growing pains, but this has really accelerated the whole process. Morale around the office is really low today though. send me an i9 1 Quote Link to comment Share on other sites More sharing options...
Nokra Posted August 2 Share Posted August 2 2 minutes ago, SuperSpreader said: send me an i9 Since you didn't specify generation, I'll send you a Kaby Lake i9. 1 1 2 Quote Link to comment Share on other sites More sharing options...
Massdriver Posted August 2 Share Posted August 2 1 hour ago, Nokra said: FWIW, as an employee of Intel, I do believe in Intel's strategy in the long term and I think we will ultimately rally, so I don't think it's all that insane. Moving to a foundry model is definitely needed, and having more robust supply chains by having chip production in the US is ultimately the right move. There were always going to be growing pains, but this has really accelerated the whole process. Morale around the office is really low today though. I believe in Intel's strategy. I only meant insane to buy a stock that just dropped 27%. I'm trying to catch a falling knife. 1 Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted August 2 Share Posted August 2 11 minutes ago, Massdriver said: I believe in Intel's strategy. I only meant insane to buy a stock that just dropped 27%. I'm trying to catch a falling knife. Buy the dip is never a bad strategy. I dca every paycheck into vtsax then set aside more cash to buy dips like this Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 2 Share Posted August 2 10-year Treasury yields at 3.8% is a sure indication that the half-point rate cut is very much on the table for September. 1 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 2 Share Posted August 2 1 hour ago, Nokra said: Since you didn't specify generation, I'll send you a Kaby Lake i9. … send me an Arrow Lake i9…? 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5 Share Posted August 5 Oh boy - things are absolutely brutal out there today. Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted August 5 Share Posted August 5 Man look at those discounts 1 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 5 Share Posted August 5 Quote Link to comment Share on other sites More sharing options...
Brian Posted August 5 Share Posted August 5 What people buying? Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 5 Share Posted August 5 F I really should’ve held some of my nvidia puts Quote Link to comment Share on other sites More sharing options...
stepee Posted August 5 Share Posted August 5 I will say I’m pretty pleased with the diversification with my new planner the bonds have actually so far been keeping things reasonably even that and just not having it all in tech ofc. Ofc most of my money is still just earning the free money while I can so that means it’s still nothing but gains here but still it’s showing me a nice balance for the future so far. If I had listened to the old guy and didn’t fire him right before I left it would be a fucking bloodbath for me my goodness - I mean if you hold long enough everyone is always right but would have really ruined the vacay. Quote Link to comment Share on other sites More sharing options...
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