OT: Stock and Investment Thread
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It’s near the top end of the range I mentioned awhile back which is 550 iirc.
Nasdaq down 1.8% early, yet INTC up 6%. Guessing this is due to the Trump talk on Taiwan.
Russell 2000 IWM EFT up 11% since 7/3, NASDAQ is flat during the same timeframe. This a healthy for the overall market.
I guess rotation but wish I sold some more Tech at their ATH but they will come back at some point. My stocks other than Tech are turning positive after several months with their earnings coming up. I guess diversification helps.
And the RUT quickly bounces back. Up .6%. DJI up as well. Nasdaq still down pretty big.
That RUT rebound is pretty indicative. You are right a slight give back there would have been very expected, but that dip was quickly bought.
Sounds like Ford is bringing software in house.
GM had news a couple months ago about energy storage.
These guys are following the TSLA model, a business model many big cap companies follow, in that they are not merely a company focused on building a singular item. TSLA builds cars, energy storage, has their own software, AI etc. AMZN is a delivery business that expanded into cloud, media and advertising.
If these legacy companies can diversify away from simply building heavy steel machines, that could help boost their embarrassingly low multiple. Some, especially the TSLA fans will say that is very unlikely, but Ford and GM both make billions of dollars a year. Much like they could invest a ton into building EV and battery plants without really disturbing their earnings, they can invest a ton into software.
Certainly part of it, especially when looked at relative to it's lack of growth.
He also said that he will push for a 15% business tax. That's a nice long-term positive for the market.
I’m very diversified to the point where I haven’t benefited as much with the tech run. (More conservative since retiring late 2022). But I have done well this year, and much better over the last two weeks with the rotation. For example, my portfolio of 58 stocks is up 0.83% today, versus the S&P being down 1.39%. Slow and steady for me.
It's not slow and steady if you miss out on so much. Also, value goes crash in poor economic times. However, it is nice to finally see my value funds/etfs play catch-up. I'm definitely a tech/growth lean, but have been buying value big-time over the past 2 years to maintain allocations.
A lot of people just needed an excuse to take profit.
Um, that’s what slow and steady is. Somewhat lag the market when tech and spec stocks outperform, but don’t have the big downside risk when the market corrects. Unfortunately, I witnessed too many coworkers get clobbered around their retirement date, and had to see some of them come back to work. I am in a very good position, and don’t need to take excessive risk. When I was your age, my strategy was less conservative.
The RUT up .6 early. Nasdaq .25
Not sure the RUT has beaten the Nasdaq in each of the last 5, but it is at least 4 of those days, and a huge catchup during that stretch.
Being as how this run has started in July, I think the story will be told as a "2nd half of 24" story. The RUT with a big head start.
Not sure the RUT has beaten the Nasdaq in each of the last 5, but it is at least 4 of those days, and a huge catchup during that stretch.
Being as how this run has started in July, I think the story will be told as a "2nd half of 24" story. The RUT with a big head start.
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I saw yesterday that Twitch alone is valued at $46B. They bought it 10 years ago for a little under $1B. They’re come a long way from an online bookstore
Recent bad news has caused GEV to dip. May be time to start a position?
@rutgersguy1 - any thoughts?
Update - just bought a small amount @$160.5'ish.
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It's been on a crazy run and I think it's rich for its growth. IIRC earnings is next Weds so we'll see how that goes. It's not a company I'd expect to come out with a big positive surprise on earnings but who knows. Could be some support in this 155-160. I'd want a further pullback myself.
I think this will prove to be a hit to CRWD’s business, which is never good for a high valuation stock.
Added to panw. Still holding S. Might pickup FTNT.
So MSFT was almost indirectly responsible for crashing planes today and the stock winds up down less than one percent. It is stonk.
Not even sure where i would consider jumping back in. Heard Delta still uas delays because of this.
I had S up another 6% in hopes they pick up the slack