OT: Stock and Investment Thread
- Thread starter RU05
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Starting to rebuild a few former positions this morning. WOLF and RIVN shares. PFE leap calls. All small positions, but will add when appropriate.
Also eyeing Albemarle. Back down close to multi-year lows. Companies starting to cut production of lithium, so that may help flush the market.
Shoutout to @RUinPinehurst on WOLF. Will let it ride and see what happens. Read a lot of bullish analyst reports on its future.
Also eyeing Albemarle. Back down close to multi-year lows. Companies starting to cut production of lithium, so that may help flush the market.
Shoutout to @RUinPinehurst on WOLF. Will let it ride and see what happens. Read a lot of bullish analyst reports on its future.
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have been watching csco for while. Its cheap pays a good dividend and i was thinking maybe the old tech company could find its way to growth.
But it is now in the midst of 2 separate head and shoulder formations. One that is 6 years in the making. Another that is about 1 year old. That’s probably not good.
But it is now in the midst of 2 separate head and shoulder formations. One that is 6 years in the making. Another that is about 1 year old. That’s probably not good.
Nothing wrong with CSCO as a company, but probably better choices for investing. Tech ripped for over a year and CSCO has been trending water (mainly due to several dumps after earning reports). Not sure about this one, unless you are looking for a dividend play.....but that's a boomer thing.
AMZN coming to the Dow. Makes sense:
In other news, my sell order did execute for SMCI this morning (I think right at the opening). Very nice gains!
In other news, my sell order did execute for SMCI this morning (I think right at the opening). Very nice gains!
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PANW down big after earnings…curious if anyone thinks it’s a good entry point?
Ridiculous overreaction by the market (as usual), so yes, good entry point. I own PANW via the FS Insights stock list. Will add to it tomorrow to maintain allocation levels.
I didn't realize it battled back so well today. Was down more then 11% at one point. Closed down 1ish%.In other news, my sell order did execute for SMCI this morning (I think right at the opening). Very nice gains!
Sold off a little again after hours, but it is very clearly waiting on NVDA results.
I'm hoping I can get back in around $550.
I keep saying it, it's been on a ridiculous run, but it's not expensive. Kind of cheap really. 3x times 2024 estimated rev's. And it will probably beat those estimates.
Oh wow, down 20%.
Without even looking I'm betting this is more not meeting high expectations then it is a bad quarter.
Was very expensive heading in. It's still very expensive.
Edit: This qtr rev's were in line, EPS was a sizable beat. Looks like they brought down guidance though. Saw 5ish% drop in full year rev's. End of the day they probably beat original guidance.
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Sounds like they are realigning a bit to bring on more AI-enhanced cybersecurity offerings. May be the classic short-term pain for long-term gain. Hope so!
I own CRWD, one of my biggest positions and it is down in sympathy, so hoping it is a realignment thing more then a sector thing.Sounds like they are realigning a bit to bring on more AI-enhanced cybersecurity offerings. May be the classic short-term pain for long-term gain. Hope so!
Not a good day for my FS Insights stock list, which includes PANW, CRWD, and ZS. Will add later today unless they rally back.
I brought a little today but watch out for NVDA. I also have a couple of shares of CRWD, been trading it, made some good money.
The market will move when NVDA comes out and I reduced some of my Tech holdings just in case.
Just bought PANW at $261 and the other cybers I own (ZS and CRWD). Security needs are only going to grow over time. Great companies!
Not a good report or guidance from RIVN.
@rurahrah000
Looks like the EV winter will continue. Love RIVN's product, but they are struggling as a business. Hope we get good news on the R2 next month.
@rurahrah000
Looks like the EV winter will continue. Love RIVN's product, but they are struggling as a business. Hope we get good news on the R2 next month.
NVDA - Beat and raise once again. Also beat the "whisper" numbers for current and next quarter. Wow. What else can be said?
Jumped back into RIVN yesterday and jumped right back out now. LOL! I bet RIVN is going under $10.
I'm still optimistic on their products and future, but it is a long, long road ahead. Even if the R2 prototype looks amazing next month, it won't be online until 2026.
your tax returns must be a mess... unless this is all in a retirement account
Unfortunately, my personal/fun account is a brokerage account. However, Fidelity forms are automatically uploaded to TurboTax, so it doesn't matter. I never even seem them. I only track the annual headline gain/loss amount.
EV's will collapse in popularity after Bidenomics end in January. Short the lib EV stocks (not including TSLA- Elon gets it). Buy Ford and GM.
EVs will struggle for the next year or so until the infrastructure catches up and more people are comfortable buying EVs. I don’t think R2 will move the needle much at this moment. Once the money allocated for infrastructure goes into use, we will see a reacceleration of EV buying. In the interim, it will be all about capital management.
I don’t even know what you are talking about! What is a lib EV stock? What does Elon get that others don’t? Is this some silly far right comment?
Rule #1 for CEOs = Hire good people
Rule #2 for CEOs = Don't run out of money
Is there a level where you would jump back into RIVN? Or just wait until next year? By the way, I read that lithium companies are slashing expansion plans and closing unprofitable mines. I am eyeing ALB to see if it gets back to its recent low of $108'ish. They may benefit from the market being flushed.
EVs will struggle until the price comes down. They will also struggle until the memory of Superstorm Sandy and 5-8 days on no electricity fade some more, though that would't mpact hybrids.
EV will collapse but Tesla is ok? Most people think Tesla when you say EV.
I don’t even know the other EV stocks. I know there a EV truck company, maybe one other EV car company.
I'm in it, taking a decent beating. Might hang in for now, and eventually add.
I think the turnaround for the stock happens when they can show a return to growth, or at least when they guide to a return to growth. But as of now 24 production is expected to be flat compared to 2023.
They did say something about turning positive earnings by the 4th qtr of 24, adjusted earnings I think, but it's something.
Lucid. Which has Saudi ties, so not exactly a lib EV. Canoo? Anyone remember that one?
And of course board favorite Mullen. Which just started production and deliveries in the last couple months with an initial focus on smaller commercial delivery trucks.
If Tesla is OK then EV is not collapsing.
But by OK, at least in terms of the stock, that means they need to keep growing, and growing at a solid rate, which of course goes back to: If Tesla is OK then EV is not collapsing.
TSLA is very interesting (and I added to it yesterday). Of course it is an EV company first and foremost. However, seems like Elon is going to use it for a massive AI push. Sentiment for TSLA may drift higher even with EV going through a winter.
Speaking of AI. The King is literally lifting many international markets, not just the US. From FS Insights:
Nasdaq futures up 2% before today’s open; Japan, Europe also higher on Nvidia strength; Japan’s Nikkei share average crosses all-time high
Rivian and Lucid are in trouble. Great products but terrible environment. I could see Apple kicking the tires on one of them as part of the future Apple car strategy.
I doubt it and certainly not anytime soon. It would likely take different leadership as well. Look how slow their foray into media has been. Never bought Netflix when they had the chance long ago and haven't made any other big acquisitions in media either. They don't make bold moves, an overpriced Beats at 3B is still their largest acquisition to date. If you think the media industry is tough, I'd say the auto industry is harder. I might be an old man before anything like that happens if ever.
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