Q: Are stocks too expensive for investors right now?
A: 24 times trailing earnings vs. an average of 20 times. Price to earnings growth is slightly below the 10-year average. “PappaDean” McGowan points out that the universe of publicly traded stocks is shrinking at about $3 trillion per year.
Q: What consumer categories have massive inflation recently?
A: In January alone the following areas are up: Juices 29%, Steaks 10.7%, Vehicle Insurance 20.6%, Household Repairs 18.2%, Sports Tickets 13.5% & Vet Costs 9.6%!
Headline Round Up
*Inflation at 3.1% in January, Briefly Spooks Market.
*Go Bears! Baylor University Beating Ivy League Endowments Performance.
*Farmers Increase Solar Use by 30% since 2017.
*Bitcoin Tops $52k & Coinbase Spikes 18% This Week.
*Adobe Ramps Up Artificial Intelligence (AI) Image Generating Firefly Toolset.
*India’s Option Market Booms While Promoters Help Amateur Traders Lose Billions!
*Jeff Bezos Saves $600 Million in Taxes Moving to Miami.
*Lyft Spikes 67% by Mistakenly Adding a Zero to Its Profit Report in “Clerical Error”. Short Seller Squeeze?
*ARM Holdings PLC Valuation Triples in Past 6 Months on AI Frenzy.
*Bob Moore, Founder Bob’s Red Mill, Passes at 94.
*U.S. Office Tower Construction Comes to a Screeching Halt in 2024.
*Brokers in Manhattan Offering Real Estate Backed Bonds for 50 Cents on the Dollar.
*Cash Flush Investors Pounce on Distressed Commercial Real Estate.
*International Energy Agency’s Net Zero Targets Face Reality Check?
*Electric Vehicle (EV) Revolution Short-Circuited Over Past 6 Months?
Mergers and Acquisitions
*Diamondback Energy Buys Endeavor Energy Resources for $26 Billion in Stock & Cash Deal. Autry Stephens, 85 & Endeavor’s Founder, Says He Sold Sooner than He Would Have Liked?
Dow Jones Industrial Average Index (12/29/2023 – 02/16/2024)
– Courtesy of Bloomberg LP
Super Micro Computer, Inc. (12/29/2023 – 02/16/2024)
– Courtesy of Bloomberg LP
AbbVie, Inc. (12/29/2023 – 02/16/2024)
– Courtesy of Bloomberg LP
BWX Technologies, Inc. (12/29/2023 – 02/16/2024)
– Courtesy of Bloomberg LP
Diamondback Energy, Inc. (12/29/2023 – 02/16/2024)
– Courtesy of Bloomberg LP
Microsoft Corp. (12/29/2023 – 02/16/2024)
– Courtesy of Bloomberg LP
Lyft, Inc. (02/07/2024 – 02/16/2024)
– Courtesy of Bloomberg LP
Profit Report
How long will the momentum in the equity markets last, Alex?
