It’s called over bought. You were up 160%. Market is efficient.
OT: Stock and Investment Talk
- Thread starter RU-05
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ARKK has become a proxy for new tech. Lots of hedge funds are shorting it which will cause it to be even more volatile. They are calling it a hedge but obviously they are looking to outperform the market on their short book. You could easily see a huge short covering rally in this fund.
Trimmed ETHE and GBTC, taking advantage of the bounce back to reduce exposure.
Added to KSS on the dip, as well as AMD(lowering my CA here). Going to add to VIAC as wel(again lowering CA, though I did sell around $65 before buying back in at $45), but it's currently at the high end of a recent range, so going to see what it does today and tomorrow.
PYPL is a new position I'm looking to get into.
Added to KSS on the dip, as well as AMD(lowering my CA here). Going to add to VIAC as wel(again lowering CA, though I did sell around $65 before buying back in at $45), but it's currently at the high end of a recent range, so going to see what it does today and tomorrow.
PYPL is a new position I'm looking to get into.
It was over bought because everyone expected a good report, which the company delivered. It sold off because investors don’t think it’s sustainable.
Or people were just taking profits. Which I am fine with, I bought on the dip, earnings above expectations, guidance above expectations, estimated 2022 P/E around 17x, with big growth expected beyond that.
Edit: Kohl's guidance is for a 2022 eps of 3.80 to 4.20 which would put it's fwd P/E in the 13x range of current stock price.
I don't know if I'd call todays move one of efficiency but it's a move I'm willing to buy.
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Not to dwell on AT&T…and not necessarily making a recommendation, but the stock is inching back after Raymond James called it a buying opportunity, seeing retail investors (predictably) bailing out due to the dividend cut. “The current downdraft is a premature and misguided rebalancing of yield-oriented portfolios, in our view, and investors should take advantage of the pricing dislocation”. Softening the blow of the dividend cut: It's likely at least four quarters away, and investors are getting a piece of the new Discovery as well.
ATT is definitely grossly mismanaged company for the past 10+ years and has lost crazy amounts of money on deals on Warner and DirecTV. Not to mention the insane amount of debt that it has accumulated for a company without much growth and the need to invest large amount to build 5G. But the selling is still overdone. Companies as large as ATT have a longer leash for errors (think GE and IBM as well). Now that they have divested from DirecTV and Warner and admitted that they are a telecommunications company, they can focus on what they do best. Just anecdotally, I am already hearing from several friends and family members that new ATT plans are very competitive compared to T-Mobile and Sprint. I think for long term dividend investors, they should not be selling this stock on concerns about the cut. There is no cut for at least 1 year and who knows what will happen at that time. We maybe looking at 4-5% dividend as terrific and with the shares in the new Warner/Discovery, it maybe worth that much more. This is not an investment for the penny stock/crypto/blockchain crowd, but I bought some more for my parents and in-laws.
Totally agree - and their last quarter was very good because the plans finally spoke to customers - put up better numbers than VZ. I suspect the new AT&T will take a page out of TMO’s book.
It has been noted that many of the guys in this thread who talk crypto and blockchain, and as per myself pennies, that we also own a wide range of companies.
My defense stocks for instance, like GD and NOC have down quite well over the past 3-4 months.
Again, I’m not recommending AT&T but shedding the media assets will allow it to focus on its network. Stankey started his career as a network guy and is hyper focused on 5G and Fiber. Put it this way - with less debt and more focus on the core business I don’t see how it could get any worse. Their last quarter was surprisingly good.
We have talked about it, and I do think there is a place in a portfolio for a company like T, especially for older folk, but the spinoff is a nice sweetener for the younger crowd. I do think the HBO name is a great one.
I have similar with IBM now, which I'm up 20% on in the past couple months.
Maybe T is ready to follow a similar track?
SOXX is rocking it. Bad day for the Little Bears, green across the board. Even my energy plays turned out net positive.
Good article on tech:
Op-ed: This is what investors are misunderstanding about tech stocks
Tech stocks have fallen out of favor as the “reopening trade” commands investors’ attention. It just might present a buying opportunity.
A subscription business with 9% annual free cash flow, of which management is determined to return half back to investors as dividends. As long as they don't piss away the other half, it's a solid investment. However, AT&T has a track record of pissing away FCF. LOL.
Great day for just about everyone - especially since my two largest positions are GOOG and FB. Regardless, as I said before, these pops and drops will continue all Summer so nothing to get excited about.
Yes, but her key point is that not all tech is created equal. Here are the author’s holdings. Notice any trends?Good article on tech:
Op-ed: This is what investors are misunderstanding about tech stocks
Tech stocks have fallen out of favor as the “reopening trade” commands investors’ attention. It just might present a buying opportunity.www.cnbc.com
AAPL, AMT, AMWL, AMZN, AWK, AXP, BABA, BAH, BKNG, BX, CHTR, CME, CRM, FB, FTV, GOOGL, HD, HQY, ITGR, LDOS, MSFT, MTD, NFLX, ORLY, PTON, PYPL, RMAX, SCHW, SHW, SLG, SPGI, TMO, TWLO, UNH, V, WAB, WCN.
Annual report on 529 plans from Morningstar:
www.morningstar.com
www.morningstar.com
3 Themes Shaping the Future of 529 Savings Plans
Despite the evolution of these plans, there's still plenty of progress left to make.
529 College Savings Plans During the Pandemic
Here's how they've been performing and what college savers should be thinking about today.
Cramer is busy with AT&T CEO Wall of Shame antics, but another upgrade:
UBS upgrades AT&T, says simplified company is a buy after this week's dip
The upgrade follows AT&T's deal with Discovery to spin off WarnerMedia and combine it with the entertainment company.
Excellent deep dive on Amazon. Amazing value with a FMV at $4200.
www.morningstar.com
Why Amazon Is a Prime Investment
We expect it to continue to dominate its served markets.
I even hear $6,000 being thrown aroundExcellent deep dive on Amazon. Amazing value with a FMV at $4200.
Why Amazon Is a Prime Investment
We expect it to continue to dominate its served markets.
Rank the safest investment.
FB
AMZN
MSFT
GOOG
APPL
Confirmation bias is a good thing.....when you are right!
Let me know if I have this right. Right now a June 11 call for GME at 350 can be sold for 7, which would produce $700 in proceeds. The current market price for GME is about 206, a nice pop today. So if I made the sale, and GME didn't reach or exceed $350, the option would expire and I'd pocket the $700 as a short term gain?
