
Tracey Ryniec
@TraceyRyniec
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Value Stock Strategist at Zacks. Manager of the Value Investor and Insider Trader portfolios. Podcast host. Writing about housing on Substack. Chicago.
Chicago, IL
Joined July 2010
Should Netflix be added back into the Mag 7? It was part of FANGMAN. Earnings tomorrow after the bell. $NFLX.
š„ Two of the hottest stocks this week are heading into earnings with serious momentum and serious track records. Netflix $NFLX. ⢠Beat earnings 5 quarters in a row.⢠Stock up 41.4% YTD, hitting all-time highs.⢠EPS expected to grow 28.1% this year. Cintas $CTAS. ⢠Beat
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Good job. Yes, this is what they should be doing.
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VICTORY: Chicago City Council just passed an item on the [unofficial] Chicago Abundance Agenda! Big congrats to all the local YIMBY advocates who worked on this ordinance, which will unlock a major boost in housing production at no expense to taxpayers.
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It's clear he wants 20%. Everyone else getting a "deal" is basically getting 20% (Indonesia at 19%).
WATCH: āAbsolutely unacceptable and unjustified.ā That was the reaction from EU ministers to a 30% tariff on European goods threatened by President Trump. EU ministers meeting in Brussels remained convinced they can bring Trump back from the brink and reach a deal
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Good list of what is on the move. I am worried about food with the tariffs on Brazil and Mexico's tomatoes.
You can see the jump in inflation in June. Some key imports are starting to spike in price. Price hikes in June alone:.Durable goods +0.5% .Linens +5.9%.Oranges +4.7%.Olives +4.4%.Cookware +4%.Audio equipment +2.9%.Major appliances +2.4%.Coffee +2.2%.Sports equipment +1.8%
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Who has a 20% tariff? Everything is paused except China. It's 10% across the board and most inventory was pulled forward in anticipation of the tariffs. Real impacts won't be felt until later this year when inventory is exhausted.
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We don't know what tariffs are going to do because they are mostly on pause. But quick changes to the supply change can definitely cause inflation as we saw during the pandemic. And the supply chain is messed up again.
Core CPI up just 0.2%. But, year-ago comparisons are tough and the year-over-year ācoreā rose slightly to 2.9%. Better to look at 3-month annualized changes. The 3-month annualized increase was just 2.4%, down from 3.6% in February. Tariffs donāt cause inflation. Follow M2.
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You don't want to see core rising again. But when you put a minimum of 10% tariff on all products, and possibly will see 20%, it's going to happen.
JUST IN: Tariffs are starting to raise prices. U.S. inflation rose 0.3% in June. The annual rate climbed to 2.7%. Thatās up from 2.3 % in April and 2.4% in May. Food, energy and rent all playing a big role in the increase in June. Core inflation (which excludes food and
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