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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (13689)	5/13/2022 3:37:34 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26879

You have to shake your head when a former Clinton and Obama leader sound like the smartest person in the room... Democrat Larry Summers, was was Treasury secretary under President Clinton and 8th Director of the National Economic Council under President Obama, says Pelosi's "price gouging" legislation is "dangerous nonsense" bloomberg.com

To: robert b furman who wrote (13689)	5/15/2022 12:35:24 PM
From: Kirk ©	Respond to of 26879

Live SailGP racing starts in 27 minutes. I watched the first three races yesterday while working on my newsletter before windsurfing. Today I'll watch before we have our Sunday restaurant meal, maybe takeout dim sum given COVID is surging here again and these places are pretty crowded.

To: robert b furman who wrote (13689)	5/18/2022 8:18:07 PM
From: Kirk ©	1 Recommendation Recommended By GROUND ZERO™ Read Replies (2) \| Respond to of 26879

Biden Barometer Update: Only oil investors and Russia should be pleased with POTUS #46... 📉🛢5/18/22 Biden Barometer: The "Total Stock Market" AKA $WLSH is now down 3.3% since President Biden was sworn in. Bitcoin speculators are 20% down! Russia is happy as Oil Prices $WTIC are up 100%!! @WhiteHouse $SPX $COMPQ $RUT $INDU $SPY $DIA #BidenBarometer #TrumpBarometer pic.twitter.com/saIlzbJzgt — Kirk Lindstrom (@KirkLindstrom) May 19, 2022

To: robert b furman who wrote (13689)	5/19/2022 11:00:25 PM
From: Kirk ©	Respond to of 26879

AMAT missed estimates and lowered guidance. Seems expected as it didn't get them torched in AH. Applied Materials forecasts gloomy current quarter as supply chain woes persist Thu, May 19, 2022, 1:19 PM (Reuters) -Applied Materials forecast third-quarter revenue and profit below estimates, signaling that supply bottlenecks, exacerbated by the COVID-19 lockdowns in China, would hamper its ability to meet demand for its chipmaking tools. A semiconductor and parts shortage for machines used to produce chips has been pressuring the broader chip supply chain that is already facing more demand than chipmakers are able to meet. "We anticipate our ability to fulfill this demand will remain constrained by ongoing supply chain challenges in the near term with incremental improvements beginning in our fourth quarter," said Chief Executive Officer Gary Dickerson in an earnings call on Thursday. Applied Materials estimates current-quarter revenue of $6.25 billion, plus or minus $400 million. Analysts on average expect revenue of $6.73 billion, according to Refinitiv IBES data. "There has been weakness in consumer demand for products like smartphones, PCs and TVs. As a result, display equipment demand has softened and we are making adjustments to our revenue outlook," said Chief Financial Officer Brice Hill. Sales in its display and adjacent markets segment rose 1.6% to $385 million in the quarter ended May 1. The company expects adjusted profit to be in the range of $1.59 to $1.95 per share in the third quarter, below estimates of $2.04. For the second quarter, the company reported adjusted profit per share of $1.85 and revenue of $6.25 billion, both of which fell short of Wall Street estimates. Shares of the Santa Clara, California-based company fell 1.7% in extended trading. (Reporting by Chavi Mehta and Eva Mathews in Bengaluru; Editing by Amy Caren Daniel) finance.yahoo.com