OT: Stock and Investment Thread
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OK, but it will have the same effect. Open season on Lululemon and low employee moral.
In my completely biased opinion, I agree. Entirely too many contradictions in the SEC stance.
Agreed! And as posted in the other thread, Congress may beat everyone to the punch and clean up this mess:
Brian Armstrong = True Leader
Perhaps it's time to buy some COIN? When this mess gets cleaned up (by courts or Congress) they will likely be the big winner.
COIN is bringing a machine gun to the SEC's knife fight. This will be fun to watch.
If you listened to GG’s interview on CNBC, perhaps the biggest indication that this is a war on crypto that the Gov’t will not lose was when he discussed how crypto basically has no role in financial transactions and the US Dollar, Euro, etc. will reign supreme.
Sounds like it’s time to load up some sh*t coins…
I don’t really follow crypto very closely and have no investments in that space. From my limited understanding, pages 22-24 of the Risk Factors in the Coinbase S-1 registration statement describes much of what is happening here, different interpretation of which regulations apply to what areas of crypto.
Which I think is an OK policy, but firing the employee's seems out of line. Didn't watch the video though.
It would be healthy for the market to have the Dow and R2K is catch up a bit. I've been loading up on these plays to maintain my allocation ranges.
UPS selling well below precovid P/E levels. Like many cyclical companies we see an expected yoy dip in EPS in 2023, but then a rebound on the other side.
But if we put it's precovid P/E on it's 2023 expected earnings, it would be over $200, with 10% growth beyond that.
Typically outperforms FDX, but has heavily lagged over the last 6 months.
But if we put it's precovid P/E on it's 2023 expected earnings, it would be over $200, with 10% growth beyond that.
Typically outperforms FDX, but has heavily lagged over the last 6 months.
I was wrong. Just last Friday the bulls were pumping their muscles and had me convinced that they could push this thing to 4400. They fooled me.
Three days into the week and the magic is gone. I guess that 4300 the crystal ball saw way back in December 2022 is now showing them who’s boss.
Stayed tuned.
As much as a safety thing, I think it's also CYA. They don't want liability if anything happens.
The CEO also said the workers are trained not to engage. But you know human nature is to try and do the right thing.
It's dumb to react too much to anything this week. Why? CPI on Tuesday. If it dumps as expected, we are off to the races. The only thing holding this market back from ATHs is the garbage lagged CPI math.
Saw analyst interview the other day and they see exposure for just the forever chemicals lawsuit being up to 20-25B. The potential settlement that made some news which was about 10B IIRC didn't include all jurisdictions. There is also the ear plug lawsuit as well.
I'm tempted but don't think I'll get in any time soon if at all. I'd probably want to see a drop into the 60s-70s before I think about it again. Last time I looked at it, it was in the 120s IIRC and now in the 90s so I won't rule out a further drop and a divy cut even for the cream of cream of dividend rulers.
If I’m a bull, I would rather take my shots at lower prices, not here. Bears are being more aggressive “at the moment”.
Bank of Canada hikes rates to 22-year high, more increases expected
Just six months ago, they said they were done with hikes...
More hikes coming?
I think they did well issuing new stock into the mania.
Some ideas for you value investors:
Morningstar's FMV is $177 for UPS, so it seems to be fairly valued as of now. Perhaps a nice dip would be worth buying?
Accidentally wrote this in the Smoke thread earlier today..
Yesterday's "What are Your Thoughts?" saw Josh Brown thinking the SEC going at COIN was actually a positive, and that's why the stock didn't totally collapse, and then rebounded.
The thinking being, the SEC is finally figuring out how it wants to deal with Crypto, and once they do, companies like COIN will comply.
Yesterday's "What are Your Thoughts?" saw Josh Brown thinking the SEC going at COIN was actually a positive, and that's why the stock didn't totally collapse, and then rebounded.
The thinking being, the SEC is finally figuring out how it wants to deal with Crypto, and once they do, companies like COIN will comply.
Clarity is sorely needed for COIN and the crypto market.....even if that clarity isn't as positive as hoped.
How is Dan's TSLA short doing? LOL! Seriously, nice rotation day. Small caps showing some nice strength. I added to my small cap plays to keep them in balance. Also, still rocking UWM and patiently for the rally. Thought about converting to URTY, but likely missed on that play.
I'm eyeing some AI plays, if we have a meaningful dip. We shall see.
All I know is today's MRKT Call title was "time to buy small caps?"
And I'm def waiting to see the AI plays calm down. AI being one PLTR another. Both of which I had called away a bunch of points ago.