Stock Market is the bottom in?

[Angus 1895]

Sold ZIM for $30.

Bought 1/4 of it back for $27.50

Hopefully get the rest back under 27

Nice Divedends on Dec 6

 

[Bowsnbucks]

Inflation got down to 2.4%, but has ticked back up to 2.6%. The Fed can lower interest rates - but banks and S & L's don't cut their interest rates on loans quickly. They never do!! Home mortgage rates dropped - but they likely won't get back down to the bargain basement levels of a couple years ago. (That according to CFA's and bank analysts - not my own info.) Foreign economies are in much worse shape than the U.S. Several bank CEO's (Morgan Stanley & Bank of America) and several Nobel economists said that " .... the U.S. economy is the envy of the world." (public statements) Many other countries have much worse inflation and fiscal problems than we have here. The global effects of the Covid pandemic on economies haven't all disappeared yet. Every country got set back big-time from that. Such a large-scale, global problem hasn't happened before in my lifetime. Countries are leery of where to invest big capital going forward, with the exception of "greener technologies." Most countries are moving forward with that, according to multiple sources. China wants to take the lead globally on "green tech", and makes no secret of it. What I've seen is that a number of major mutual funds have increased their shares of NEE several times this year. NEE is a very forward-looking & forward-moving utility company. Just some long-studied, much-researched info from multiple sources.

Our local Target gets lots of business. Clean store, prices good, organized, good customer service/help. FWIW. I look for Target to come back up - how much?

 

[KY wild]

I was reading one economist that said Targets biggest problem is that they do not offer fresh fruit and vegetables, humans want to make one stop. Middle class prefers Target products over Walmart but don't want to then go to a grocery store. If this is even partially true then Target will be on a slow road to improve

 

[Foggy47]

Target followed the same idiotic plan as BUD. It's not going to kill them quickly but it sure as hell didn't do them any good. A lot of those customers are not going to come back.

You may be right.....but it seemed to me the management previously was able to navigate this company quite well. I'd like to think they can learn from recent events and change enough to overcome the recent whitewater times at their stores. Sounds like they are closing many urban stores and have moved away from the woke ideals.....but the proof is in the months to come. I do not own Target.....but thought their management from previous years had navigated quite well. This company is old school Dayton / Hudson for crying out loud!

Not many big stores doing well. All retail bricks and mortar cannot die.....can it?

 

[homerj]

Not all brick and mortars are having a bad year

Walmart Stock Hits All-Time High as Sales, Profits Keep Growing

Walmart reported better third-quarter results than analysts expected Tuesday morning as it registered growing sales and profits, lifting its stock to an all-time high after markets opened.

www.investopedia.com

 

[Foggy47]

Not all brick and mortars are having a bad year

Walmart Stock Hits All-Time High as Sales, Profits Keep Growing

Walmart reported better third-quarter results than analysts expected Tuesday morning as it registered growing sales and profits, lifting its stock to an all-time high after markets opened.

www.investopedia.com

Yeah....but gotta wonder what will happen to Walmart after some of the Trump tariff's get applied. Some of these stores get 90% (a guess on my part??) of their merchandise from Asian suppliers.

I suppose the same may be said of most of the major retailers today. Sad.

Edit: I wonder how a store that featured ALL AMERICAN MADE products might fare in todays world? Not sure there is such a store. ??

 

[KY wild]

I ordered from Walmart this week because they had free delivery and Black Friday sales to my front porch, also daughter goes there and they bring her groceries to her car and she does not need drag kids in store. Free deliveries to home and parking lot food delivery I think is the difference

 

[Brian662]

I was reading one economist that said Targets biggest problem is that they do not offer fresh fruit and vegetables, humans want to make one stop. Middle class prefers Target products over Walmart but don't want to then go to a grocery store. If this is even partially true then Target will be on a slow road to improve

We don't shop at Walmart in my household for a variety of reasons, but what this economist said is exactly accurate with Targets problems. My wife placed an order for several things on our grocery list but they didn't have fresh jalapeños because they don't offer any fresh produce. Very frustrating as a customer and I'd love to convince my wife it's a deal breaker... alas, I'm sure she'll continue to shop there. I go to a Target about once every two years.

 

[Angus 1895]

Inflation got down to 2.4%, but has ticked back up to 2.6%. The Fed can lower interest rates - but banks and S & L's don't cut their interest rates on loans quickly. They never do!! Home mortgage rates dropped - but they likely won't get back down to the bargain basement levels of a couple years ago. (That according to CFA's and bank analysts - not my own info.) Foreign economies are in much worse shape than the U.S. Several bank CEO's (Morgan Stanley & Bank of America) and several Nobel economists said that " .... the U.S. economy is the envy of the world." (public statements) Many other countries have much worse inflation and fiscal problems than we have here. The global effects of the Covid pandemic on economies haven't all disappeared yet. Every country got set back big-time from that. Such a large-scale, global problem hasn't happened before in my lifetime. Countries are leery of where to invest big capital going forward, with the exception of "greener technologies." Most countries are moving forward with that, according to multiple sources. China wants to take the lead globally on "green tech", and makes no secret of it. What I've seen is that a number of major mutual funds have increased their shares of NEE several times this year. NEE is a very forward-looking & forward-moving utility company. Just some long-studied, much-researched info from multiple sources.

Our local Target gets lots of business. Clean store, prices good, organized, good customer service/help. FWIW. I look for Target to come back up - how much?

Why did target have such a poor quarter? How is their guidance?

 

[Angus 1895]

Yeah....but gotta wonder what will happen to Walmart after some of the Trump tariff's get applied. Some of these stores get 90% (a guess on my part??) of their merchandise from Asian suppliers.

I suppose the same may be said of most of the major retailers today. Sad.

Edit: I wonder how a store that featured ALL AMERICAN MADE products might fare in todays world? Not sure there is such a store. ??

I heard a report after the earnings call that Wal Mart has a substantial amount of goods sold that are made or assembled in North America.

 

[Angus 1895]

Bottom line…..

Wal Mart is a better run Company IMO

I just bought a position in them based on their guidance.

I had sold my Target and bought Costco last year.

 

[SD51555]

What do you think it means?

People are trading down to keep their head above water. Substitution effect.


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[SD51555]

You may be right.....but it seemed to me the management previously was able to navigate this company quite well. I'd like to think they can learn from recent events and change enough to overcome the recent whitewater times at their stores. Sounds like they are closing many urban stores and have moved away from the woke ideals.....but the proof is in the months to come. I do not own Target.....but thought their management from previous years had navigated quite well. This company is old school Dayton / Hudson for crying out loud!

Not many big stores doing well. All retail bricks and mortar cannot die.....can it?

I don’t think they’ll go on as they are now. Aldi is a forward looking model for the future. They’ve whacked off all the expensive parts of the grocery store and have focused on staples and of good quality. They are hugely successful.

I don’t buy much from the grocery store, but when I do, I can get it at Aldi.


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[Foggy47]

I don’t think they’ll go on as they are now. Aldi is a forward looking model for the future. They’ve whacked off all the expensive parts of the grocery store and have focused on staples and of good quality. They are hugely successful.

I don’t buy much from the grocery store, but when I do, I can get it at Aldi.


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I have been in an Aldi store three times. I surely do not find it a good way to spend my time or money. Not sure what the attraction to this store is? Lots of off-brand merchandise, a goofy mix of merchandise, and a poor selection....if you ask me.

 

[SD51555]

I’d say even Walmart has to keep an eye on the ball too. They sell an alarming amount of dogshit poison to the masses, and they can still buy it because they’re not paying for it. But those retailers are getting expensive. Junk food is more expensive than ribeye steak. That machine will keep going up in price just like fast food costs way more than healthy food. There is a breaking point.


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[Foggy47]

I’d say even Walmart has to keep an eye on the ball too. They sell an alarming amount of dogshit poison to the masses, and they can still buy it because they’re not paying for it. But those retailers are getting expensive. Junk food is more expensive than ribeye steak. That machine will keep going up in price just like fast food costs way more than healthy food. There is a breaking point.


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My wife and I are amazed at the chit products that fill most peoples shopping carts. Snacks, chips, cookies, candy, bakery items, hot dogs and processed meats, ice cream, pop tarts, breakfast cereal, and soda make up the majority of carts in many cases.

Here in OZ they also sell beer wine and liquor in the grocery stores (albeit at somewhat higher prices)....so at least their is some decent nutrition.....lol.

 

[Foggy47]

My wife and I are amazed at the chit products that fill most peoples shopping carts. Snacks, chips, cookies, candy, bakery items, hot dogs and processed meats, ice cream, pop tarts, breakfast cereal, and soda make up the majority of carts in many cases.

Here in OZ they also sell beer wine and liquor in the grocery stores (albeit at somewhat higher prices)....so at least their is some decent nutrition.....lol.

 

[Foggy47]

^ One thing really lacking here in OZ.....is a good "old fashioned" meat market. They do have a few....but the prices are stupid high and the quality not near what you would find at good markets in Wisconsin or Minnesota.

Finding good Brats and good Ham and smoked meats is very difficult....not to mention Steak at.a fair price. Not sure of the USDA regulations (and costs) on shipping.....but any market in the Midwest could do a super biz with a local store here. I guess their is a Von Hanson's store on the other side of town....but that is an hours drive each way. No way......and Von Hanson's is not of the better quality "old fashion markets" anyway.....IMO.

We buy much of our meat at Costco (ribs, pork chops, hamburger, steaks, chicken)....as it's the best alternative here. We get some Brat's at the local Safeway.....but keep looking for better sources. Seems Safeway, Fry's, and Costco have much of the market on food here. Not many small outfits.

We have not seen any local "farmer's markets" here. Just not a thing here.....or we have not tried hard enough. Once you get into the "big city" (Phoenix is just behind LA in population now) you find that (sadly) the mega stores control most of the markets here. Small stores are crazy with their prices....and the quality does not appear much better.....IMO.