Everyone is talking about what’s going to happen with the oil business now that the U.S. has control of Venezuela. Is the cost of gasoline going to go down? There is a bunch of crazy thoughts, but lets face it, absolutely nothing will happen immediately. In fact, even though Chevron stock went up immediately following the weekend, it came back down today. It kind of reset, and Exxon/Mobil went up and down as well, but not as much.
Anyway, it seems like there will be a good bit of time before all that shakes out. All I can say is that I’m glad that I got in on Exxon and Chevron before any of that stuff started to occur. But I’m looking at other things to happen because that is all disappearing pretty fast I think.
Of course, they are still important stocks because of the energy crunch and who knows how those companies will play into the energy requirements for AI. But AI is back on the dashboard for a lot of folks too. I guess that at the CES show in Vegas there is more news with big requirements for chips and Nvidia and AMD coming on strong with new ones. There is also some news that SMCI will be playing a bigger part in the Nvidia computer because of their water cooling and will put together boxes. It’s supposed to do great things for SMCI and it’s about time. I have been waiting for a turnaround for them.
I’ve noticed that Hims and Hers is starting to come back too. I think it has to do with the new glp-1 pills and generic versions of the shot so that they can provide the low dose version fairly cheap along with their plan. I suspect that this will work out well for them.
I have started to change my strategy of buying stock. I have lately purchased a few (6, actually) ETFs in varying industries. I am trying to solve my issue of wanting to buy so many more stocks. Now I have lots more stocks than I thought that I ever would. We’ll see how these pan out. They all pay dividends too. I’ll be reporting on that.
