LOL! So why did the bears and CLs freak out and panic sell yesterday? Such people make me laugh.
OT: Stock and Investment Thread
- Thread starter RU05
- Start date
Thoughts on Amazon and Apple stock? Got some $$ in a savings account collecting hardly any interest. Im thinking it would be better off in the market. Was considering Amazon and Apple, both would we for longer holds as are just about all the stocks I own. Buy now or wait? Some people I talked too about it tell me inflation isnt getting better anytime soon so the market will most likely continue to struggle
Personally, I’m more in wait to buy mode on stocks like Amazon and Apple but they are definitely on my list. If there is a major pull back I’m a buyer.
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+1
Both are at attractive values. Start buying now and build a position over the next few weeks. Hold for a while and you'll be rewarded.
Be careful of board recommendations that are out of context. In other words, your overall portfolio needs to be considered and evaluated (asset allocation) as well as considerations per your age and debt and risk tolerance. Investing in individual stocks is always complicated.
It’s looking more like 2024 in order to be rewarded for some of these stocks (including MSFT). Stagflation with slowly declining inflation ahead until Fed starts dropping Fed funds rate again. Biden better hope the labor market loosens up by then so he can run with a healthy yield curve and growth picks up a bit. If Fed funds is still over 2.5% in October, 2024, he’s likely screwed.
For the traders, at what level are you waiting to buy the following stocks? Here are my GTC orders
MSFT. GTC orders 252 and 242
GOOG GTC 107 and 105
Appl GTC 155 and 130
AMZN GTC I20 and 115
IBM Gtc 127
BRKB Gtc 277
USB 45
UNH 500
ALGN 235
These are the beginning point and will continue to buy as they go down.
I still question whether the market hit the June lows.
MSFT. GTC orders 252 and 242
GOOG GTC 107 and 105
Appl GTC 155 and 130
AMZN GTC I20 and 115
IBM Gtc 127
BRKB Gtc 277
USB 45
UNH 500
ALGN 235
These are the beginning point and will continue to buy as they go down.
I still question whether the market hit the June lows.
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I will be out of pocket starting at 3pm.....ug! I need to set-up a few orders.
I could see the SP go at least 100pts lower. I said before 4000-4100 area might be a ceiling but it passed that and kissed the 200DMA at 4300 and thought that was the max it could go. It got rejected there but doesn't looked like it's going to hold that 4000-4100 area at the moment. It's just around the 50DMA currently. The longer it stays below the more likely it will go lower. I think 3800-3850 could be in play and then reexamine at that time.
You know, none of this matters once the next CPI/PPI readings come out?
That will rule the day.
August 2022 CPI data are scheduled to be released on September 13, 2022, at 8:30 A.M. Eastern Time.
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If the market sells to 3800-3850 tomorrow morning, I'll be buying some short term calls.
Well I don’t know that it would happen in a day. It’s just a possible short term target to hold if it keeps on its downward trajectory.
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I did a double round of buying in our E-Trade account (8 ETFs), but didn't add to my fun/leveraged account yet. Mostly due to a work meeting. Ready to add to positions with any further weakness.
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I don’t recall you having posted your position on the leveraged ETFs including date of purchase, price purchased, etc.
META up 5% on the open....not sure if it's related to SNAP news. Don't see anything else that would cause a pop.
S&P oscillator hit -8% today.....another HUGE buy signal. Last time it was this low, we got a month long rally.
Historically, as I recall, the market doesn't reach a low until after the Fed stops hiking rates. If that is correct, we have some room to fall, say another 300 pts in the S&P. TBD.
Not true. The market routinely begins its rally prior to the Fed stopping rate hikes. The market is forward looking and anticipates pivots. The most famous case of this is the market starting the HUGE post Volker rally 3 months before Volker stopped the hikes and declared victory.
Effective immediately - The US Goverment imposes a new license requirement or any future export to China and Russia of A100 and H11 integrated circuits.
Should have known that was coming a month ago…
Disgrace and the SEC is a circus.
I sold AMZN just after it's jump on earnings at $134, which I regretted as it went above $140, but feeling OK about it now. Just sold the weekly $125 puts looking to get back in. Hopefully can play that for a couple weeks before it hits.
Not sure what the recent move from IBM means, as it was looking to break out but then pulled back.
"Snap Inc.'s stock jumped as much as 15% Wednesday after the social-media company confirmed a large reduction in jobs as part of a "broader strategic reprioritization" to slash costs and create positive free cash flow, and disclosed better revenue growth than expected."
"Shares in other social-media companies similarly jumped Wednesday morning, then pulled back a bit, as optimism for better third-quarter growth than expected rippled through the sector -- Pinterest stock was up as much as 8.8% and Meta stock rose as much as 6.8%."
Most important to Wall Street is the opportunity for the perpetually unprofitable social-media company to generate cash. With the cuts, some analysts believe Snap could break even on a free-cash-flow basis next year, with some caveats.
"We expect FCF break-even by mid-2023, albeit dependent on near double-digit '22E/'23E revenue growth, big IFs at present," Oppenheimer analyst Mark Zgutowicz wrote after The Verge first reported the magnitude of the layoffs, while dropping his price target to $12 from $15 but maintaining a "Buy" rating. "With that said, given the strength of Snap's [intellectual property] and near-lock on the Gen Z audience (Tik Tok aside), we suspect public/private interest is not far from the shares."
On the flip side of Oppenheimer is RBC with this analysis.
"Clearly the headline is Q3 growth tracking ahead of prior disclosure alongside the cash preservation obviously also helps," RBC analyst Brad Erickson wrote, while adding that Snap executives' inability to properly forecast results is an ongoing problem that could suggest weakness against rivals.
"We continue to struggle with the velocity & magnitude of results differing from the company's disclosed intra-qtr performance -- while this update is positive, to us, it once again reinforces the company's lack of visibility, which we think is a function of being a lower priority/more discretionary ad channel."
I have a gut feeling that SNAP is a buy at these levels assuming engagement doesn’t drop. It seems to be one of the main platforms used by kids.
I was talking about this with my daughter and her friends, all in middle school. There’s no such thing as getting someone’s phone number to call anymore more, you just get their “snap.” Thus my daughters continuous fight with us over not letting her have it
Yup, same situation here. It seems to be the primary method of communicating for my kids.
David Rosenberg was a guest on the Aug 30 edition of the Bloomberg Surveillance podcast and referenced this new "market low" outcome as a frequent result after the Fed ends its rate increases. He also warns of a "pause rally" pattern that leads up to this ultimate market low, following the final Fed rate increase. See (hear) around the 5:50 mark:
[Bloomberg Surveillance] Surveillance: No Market Bottom, says Rosenberg #bloombergSurveillance https://podcastaddict.com/episode/144472682 via @PodcastAddict
I might need to do some legwork to see the markets reactions in previous fed hike cycles as that does sound interesting, however, given that the fed currently communicates it's intentions to a high degree, versus the past where there was no such communication I think more than ever the market trades ahead of the actual fed moves.
SNAP, like many of the previous high flyers has also seemed to have found a bottom of sorts. Which is not to say it couldn't go lower near term, nor that it couldn't tank in the longer term if the companies revenue growth fell below expectations, but someone noted recently regarding one of the high flyers(might have been SNAP, I forget, but the idea works either way) that all the speculative traders have been flushed out, those that are currently in are likely long termers.
I've been in it for awhile, so my initial position has been a disaster, but I've been selling options both calls and puts, so I've picked up some premium, as well as hitting a put strike which I turned around on lost on a call strike at a higher price, so there was a trade in there on a secondary position which worked well.
Micron building a $15B plant in Boise.
On shoring continues. Should be good for our economy in the long term, though one wonders where these workers are coming from. Also wonder if with all these chip plants being built if there is a chip glut on the horizon, or if these plants are being built because the demand for chips is going to continue to increase.
On shoring continues. Should be good for our economy in the long term, though one wonders where these workers are coming from. Also wonder if with all these chip plants being built if there is a chip glut on the horizon, or if these plants are being built because the demand for chips is going to continue to increase.