Home Depot earnings came in slightly ahead of expectations this morning with sales seeing a boost as the Southeast recovers from the hurricanes. Elsewhere car rental giant Hertz is down big this morning after taking a $1 billion charge to write-down the value of it’s vehicle inventory. This is yet another sign of trouble in the auto space.
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#homedepot #hertz #recession
source
American car manufacturers have more overhead expenses than Chinese: labor laws, regulations, inflated prices on the physical commodities to construct the car and ever increasing union labor costs, all passed on to the consumer. 😉👍
out company creates plugins for Shopify.
The Chinese are putting money subsidies in to the cars!
Excellent shit
Someone doesn't like me . That's OK . It happens all the time . Comments disappear , but truth can never be erased . Free speech and censorship just can't exist in the same realm . At least not on a level playing field . Someone's bias is showing . I just don't know who that someone is . But they do .
Is the quality of the Chinese vehicles as good as American?
huge cup and handle played out like alot of people called it
Small business owner, I've never used shopify. Amazon regularly.
👍🏼👍🏼👍🏼👍🏼👍
Algorithm.
#gold
I was at a Lowes and home depot yesterday. Home depot by me in NE PA was PACKED. I couldn't find one plywood cart to save my life. All were used up for online orders. Very busy as well for a Monday. Maybe it was because of veterans day I don't know. I'm always in and out of big box stores for this and that and I haven't seen it this busy in a while!
Shopify ranked 4th among the top 5 eCommerce platforms worldwide, with a market share of 10.32% in 2024.
Shopify owns 29% of the e-commerce platform market share in the United States as of 2024.
AI probably is helping but guessing they're using "AI" buzzword to juice the stock. Didn't really need to go there with great results but whatever. 😂
Nobody special for White House press secretary
Re: US vehicle cost vs China Same reason imports are cheaper than made in the USA – overhead as in regulatory compliance, labor, taxes, raw inputs, etc. Why do US companies build vehicles in Mexico? Why does John Deere have a significant production footprint in Mexico? Cost of doing business in the USA is more expensive.
Excellent report 👍👍👍👍👍👍👍
I like Shopify. I speculatively think they will replace a lot of Amazon and eBay business, eventually. It really bridges the gap between small time seller and full blown e-commerce business.
And if you buy stuff online from a small business website you're most likely using a Shopify site. I see them everywhere.
BYD makes cars with less features with productive employees and efficient supply chains. EVs here have too many features, employees are unproductive, mostly on their phones and the supply chain is a mess.
Inflation 10-15% revenue up 7%. Sounds like a real decrease in inflation adjusted revenue.
Buying metals — any recommendations on companies? Looked into this over the summer & was discouraged by the complex process.
I think Mike is right on the short term. We're going to see a recession next year and a crash in the market, perfect excuse to fire up the printers again. But give it 6/12 months S&P will recovered followed by housing over a couple of years, inflation won't rear it's head right away due to lower demand due to heavy job loss but we will see it during the next president's term.
Morning Sir
Ty
Wow, Hertz will have to go bankrupt, again!
Oh hell no on the Chinese EVs—-who is going to fix them??? They caught on fire, they aren't going to pay a cent to the people they harm.
If you think of OPEC like the Fed, jawboning can move the market, even if they're exhadurating. Keeping the price low will make U.S energy companies from drilling as many Wells. When demand rises, they benefit first by having capacity already on line, and U.S is flat footed. It's like when Walmart lowers prices to drive out competition, than they control the area market.
Home Depot benefiting from climate change…now that’s the future right there! Everything destroyed equals the economy!
My local HomeDepot is down -6%to -11% wk over week.
#Gold,Silver
Love the shiny, thankful for the pull back as I just bought more
Good morning Jack and viewers 🤗
Chinese Government has massive subsidies for industry. Every thing there is cheap because of this. Including shipping to and from China.
It's not our car manufacturer's fault they can't make a $10K EV, it's the government's fault, like everything else is, every time. It's the insanely expensive regulations and taxes here that make up 90% of the cost of a car. The same reason houses can be built for $10K, but no one does.