Investing General Discussion
- Thread starter Furious
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Jysin
Ahn'Qiraj Raider
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Further $TGT interview today:
07:01 [TGT] CEO: From freight standpoint things have changed substantially (worse) from just 13 weeks ago, much more than we anticipated - CNBC
- Inventory issue has added additional complexity across the board, expect issue to moderate over course of year
- Seeing definite shift in how consumers are shopping (seeing some shift away from some discretionary bigger balkier items likes TVs and bikes)
- Prices at retail have increased less than cost
- 13 weeks ago we have a very different outlook for FY22 and it is on us to adjust
07:01 [TGT] CEO: From freight standpoint things have changed substantially (worse) from just 13 weeks ago, much more than we anticipated - CNBC
- Inventory issue has added additional complexity across the board, expect issue to moderate over course of year
- Seeing definite shift in how consumers are shopping (seeing some shift away from some discretionary bigger balkier items likes TVs and bikes)
- Prices at retail have increased less than cost
- 13 weeks ago we have a very different outlook for FY22 and it is on us to adjust
Sanrith Descartes
Veteran of a thousand threadban wars
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Its almost as if, the costs to due business have gone up the last year or so. Hmm.
Sanrith Descartes
Veteran of a thousand threadban wars
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The risk appetite is so low right now that any negative is crushing. 25% of their market cap vaporized.
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At the risk of sounding like a retard, can you decipher this for me? What does this mean?
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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Tldr: our existing crude and gasoline stockpiles are being depleted faster than the gubmint thought they would. Are you old enough to Remember the Carter years and lines at gas stations? If not, welcome to 1977.
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Borzak
Bronze Baron of the Realm
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Shipping some overseas. Some refiners having difficulty getting what they need that's needed to add to diesel as well now. I haven't looked this morning but normally there's a bit of seperation in energy stocks of large companies that refine like XOM and others and the smaller oil services companies like drillers and the companies that support them. Of course both ends nee lots of diesel to produce.
Furry
WoW Office
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We making russia feel the pain, clap yourself on the back. A little higher prices are just part of winning.
Jysin
Ahn'Qiraj Raider
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Department of Energy (DOE) was expecting +1.5M barrels of crude, but had a -3.4M barrels draw actual.
Gasoline was expected drawdown of -1M but was an actual draw of -4.8M.
In other words, DOE was expecting a positive crude balance, but actually drew down negative about 3x expected positive inflow. Gasoline was drawn down nearly 5x as much as expected.
(Should further put pressure on fuel / energy costs, which then fuel more costs for businesses, which then gets pushed on to the consumer in the form of inflation)
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Jysin
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TGT (Target) getting crushed today. Walmart just continuing a nosedive from yesterday.
These are huge moves for any name, but especially true for retail behemoths. Their numbers and guidance are the real look at consumer spending and the true warning of recesson.
WMT today
WMT over 2 days:
These are huge moves for any name, but especially true for retail behemoths. Their numbers and guidance are the real look at consumer spending and the true warning of recesson.
WMT today
WMT over 2 days:
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OU Ariakas
Diet Dr. Pepper Enjoyer
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It is crazy how truly retarded the government is when it comes to market forecasting and preparation. Anyone who argues for socialsim or any federal government control of corporations needs to look at how fucking bad they are at adjusting for shortfalls in the basic necessities of modern civilization like oil, food, electricity, etc. Amazing.
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ShakyJake
<Donor>
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Borzak
Bronze Baron of the Realm
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I bet someone in power could have called up a number of execs at large oil companies and they would have a pretty good idea on what the market was looking like and what they were producing and capable of producing. Amazing how good poeple get at things when their income depends on it. Of course they couldn't forsee the oil lease changes.
Jysin
Ahn'Qiraj Raider
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Gravel
Mr. Poopybutthole
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Not that 25.5 was a great number or anything, but uh, yeah...
Today seems to prove my point that it's a worthless "metric" anymore (or the people buying VIX options are colossal fucking morons).