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Post by osprey11 on Aug 14, 2024 18:13:16 GMT -5
Do you think Harris’s plan to tax unrealized profits will hurt stock values? Some have speculated that is why Buffet sold all that stock earlier this month.
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Post by OhMy on Aug 14, 2024 18:15:58 GMT -5
Do you think Harris’s plan to tax unrealized profits will hurt stock values? I did not hear she announced any plans. Where did you see that? Yes, it would hurt the stock market if that were passed by Congress.
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Post by jsd on Aug 14, 2024 19:33:58 GMT -5
We have upped our price for service and have plenty of work. Problem is materials and cost of living is responsible for not being able to tuck as much away. I'll say it again this is the weirdest good economy ever
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Post by illinoisfisherman on Aug 15, 2024 1:08:35 GMT -5
Prices seem to be rising every day
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Post by ferris1248 on Aug 15, 2024 5:58:55 GMT -5
Do you think Harris’s plan to tax unrealized profits will hurt stock values? Some have speculated that is why Buffet sold all that stock earlier this month. Buffet buys and sells. "Buffett, a legendary value-oriented investor, bought Ulta Beauty stock as shares plunged. The beauty retailer warned in early April of cooling demand, tanking shares." "Berkshire grew existing positions in insurer Chubb (CB), Sirius XM (SIRI) and Occidental Petroleum (OXY) in Q2, according to whalewisdom.com, which tracks 13F filings." "As expected, the Buffett-led company nearly halved its Apple stock holdings in the second quarter, though it still holds about 400 million shares. It exited Paramount Global (PARA) and software stock Snowflake (SNOW) during that period." "Berkshire Hathaway continued to trim its stake in oil major Chevron in Q2. It slashed positions in Capital One Financial (COF), railroad Louisiana-Pacific (LPX) and Floor & Decor (FND) over the quarter." www.investors.com/news/warren-buffett-q2-2024-stock-buys-sells-berkshire-hathaway-13f/
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Post by osprey11 on Aug 15, 2024 8:52:01 GMT -5
So he added 3 positions and sold some of 7 positions including 400 million of Apple. Yeah seems bullish. You should buy calls!
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Post by olmucky on Aug 15, 2024 8:59:34 GMT -5
CNBC had a representative on today from the restaurant investment arena.
Said restaurant employment is down 15%, profit is down 5 or 15% couldn’t recall, costs are up 30%
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Post by ferris1248 on Aug 15, 2024 9:01:16 GMT -5
Look at the fundamentals of the stocks he sold. If he sold for the reasons you say, he would be selling a lot more.
I don't do puts or calls but thanks for the advice.
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Post by garycoleco on Aug 15, 2024 11:16:00 GMT -5
Peterbilt service is $260 per hour. Every is great
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Post by nuevowavo on Aug 15, 2024 13:53:38 GMT -5
Inflation is down to 2.9% year over year, and most of that is housing (rent) costs. Prices aren't going down, no matter who gets elected, but they're not going up much more currently, either.
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Post by Captj on Aug 16, 2024 6:51:19 GMT -5
Peterbilt service is $260 per hour. Every is great A used car dealer friend of mine says his biggest problem is finding qualified mechanics who are willing to work. It's basic business sense to charge more when demand is up and the competition can't meet demand. Also common sense to charge more if you can while volume is down. Same dollars, less overhead.
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Post by luapnor on Aug 16, 2024 8:56:21 GMT -5
If the economy is so strong... why is the FED considering lowering interest rates?
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Post by garycoleco on Aug 16, 2024 11:39:44 GMT -5
I heard Kamala saying if elected she's going pressure corporations to stop price gouging. Strangely she's done nothing for the past 4 years. Now the next 4 will be different....
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Post by garycoleco on Aug 16, 2024 11:40:12 GMT -5
Peterbilt service is $260 per hour. Every is great A used car dealer friend of mine says his biggest problem is finding qualified mechanics who are willing to work. It's basic business sense to charge more when demand is up and the competition can't meet demand. Also common sense to charge more if you can while volume is down. Same dollars, less overhead. What does a top notch diesel mechanic make per hour?
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Post by johngalt on Aug 16, 2024 11:45:43 GMT -5
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