No doubt, next stop for me is cutting bait, but I thought the growth rate was impressive enough to hang in there for now.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
SOFI will be ok, just stay patient. The earnings report was incredible. The guidance was fine. They have a good team and will continue to execute. The stock will however be very rocky for the next 3 months.
Gotta feel bad for the chicken littles that bailed on the market in March 2020.
www.cnbc.com
S&P 500 doubles from its pandemic bottom, marking the fastest bull market rally since WWII
The broad equity benchmark has rallied 100% on a closing basis from its Covid trough of 2,237.40 on March 23.
Walmart crushes earnings - EPS over, revenue over, guidance increased for full year.
Nice earnings from Target, forecast going up.
www.cnbc.com
Target earnings top estimates, and retailer raises forecast as back-to-school spending kicks in
With back-to-school spending off to a promising start, Target raised its forecast for the year, but shares fell.
Didn't move much on the news, but it has had a nice run, about 20% from it's March lows.
Only up about 4% ytd, and pretty much flat from the end of aug 2020.
Look at their EPS over the last couple years. More then doubled since 2019, which is amazing considering they are big company that had a fine 2019.Nice earnings from Target, forecast going up.
Target earnings top estimates, and retailer raises forecast as back-to-school spending kicks in
With back-to-school spending off to a promising start, Target raised its forecast for the year, but shares fell.
Earnings expected to grow another 30% in 2022.
Revenue increases over that time were very good but not as dramatic.
Pretty sure it's due in part to digital sales. Which does play more like a growth company.
EPS does look to moderate in 2023 and beyond. At this point it looks that way anyways.
I think WM and Target will really be hurt at holiday time, with shelves that are not full and lost margin paying $20k per container vs 2020 $5k rate. They both do a lot of direct import business with toy suppliers - freight responsibility with WM vs Mattel/Hasbro/Spinmaster/Jakks vs shipping out of their own warehouse here in US.
Both WM and Target both are enjoying a huge back to school season. Lot of store traffic right now. Moms are kinda excited to buy stuff for their kids actually in-school again. They will blow out all inventory.
Both WM and Target both are enjoying a huge back to school season. Lot of store traffic right now. Moms are kinda excited to buy stuff for their kids actually in-school again. They will blow out all inventory.
No, revenue and earnings are too strong. People just being stupid about the possible, maybe, perhaps, someday, tampering by the feds.
Your enthusiasm is admirable but you always have to be prepared for a correction no matter what the economy is doing. Like a grandmaster chess player, the market is always 2 steps ahead of the current environment.
See my sig below. Wise words by Peter Lynch.
I'm properly diversified with a risk level that I'm comfortable with. Sure, I may tweak an allocation level here and there, but overall, short term ups and downs don't concern me. Steady as you go! :)
my sense is that we are not far away from a sizable (5 to 10%) correction. I did lighten my portfolio by 15% over the last 3 trading days ended yesterday. I try to move on the edges; sell a little of my big winners that could pull back.
LB3
NVDA still rocking it!
www.cnbc.com
Nvidia beats earnings expectations, but cryptocurrency chip sales falter
Nvidia's cryptocurrency chip product, CMP, had lower sales than the company predicted in May.
Retail performing well, economy in excellent shape. Buy the dip and take advantage of the chicken littles.
Pared down my semiconductor exposure. What seemed like a no brainer, turned into a no gainer.
I don't quite get the why, Micron for instance has a p/e of about 14x, the 2022 fwd p/e is around 6x. And MU has beaten expectations for at least the last 15 qtrs. But this one has a history of trading very cheaply. If it get's down near $60 which was it's all time highs from 2018 and just about the pre covid levels in 2020, I'll look to get back in.
Still own AMD, MRVL, and a position in a much smaller player INDI.
I don't quite get the why, Micron for instance has a p/e of about 14x, the 2022 fwd p/e is around 6x. And MU has beaten expectations for at least the last 15 qtrs. But this one has a history of trading very cheaply. If it get's down near $60 which was it's all time highs from 2018 and just about the pre covid levels in 2020, I'll look to get back in.
Still own AMD, MRVL, and a position in a much smaller player INDI.
Last edited:
NVDA (and AMD) has been carrying the group.
AMAT, LRCX, MU, TSM, INTL all down since April 1st.
FMV for TSLA raised to $600.
www.morningstar.com
Raising Tesla's FVE on Improved Outlook for AV Software
At current prices, we view Tesla shares as fairly valued with the stock trading a little over 10% above our fair value estimate.
Nice review of how TSLA is vertically integrating key operations.
AI Day Highlighted Tesla’s Artificial Intelligence Prowess |
In 2018, ARK wrote that Tesla’s strategy of vertical integration would enable it to create novel use cases, deeper moats, and faster execution. At the time, Tesla controlled all of the hardware stack except for semiconductors: Nvidia provided the chips for training and self-driving. At AI Day, an event focused on recruiting top artificial intelligence talent, Tesla unveiled an ambitious plan to complete the vertical integration of every component of its hardware and software stacks, from silicon, training cluster and compiler to driving simulator. If fully implemented in 2022, Tesla would be the most deeply integrated “automotive company” in the world, as shown below. 
Tesla pulled back the curtain on Dojo — its custom-built AI training supercomputer capable of 1 exaflop of performance, roughly twice the raw performance of the most powerful supercomputer in the world today. Dojo is centered around the D1, an application-specific chip (ASIC) designed from the ground up specifically for AI training, optimizing for low latency and high bandwidth. With System-on-Wafer packaging technology similar to that of Cerebras, Tesla combines 25 D1s on a single training tile for a whopping 9 petaflops of compute. A bespoke compiler designed to harness the D1’s custom instruction set architecture should be able to train Tesla’s neural nets with best-in-class hardware utilization. We believe that by owning the AI stack - from training silicon to labeling to neural network design - Tesla should be able to iterate much faster than the competition. Not hostage to third parties shipping chips or fixing bugs, Tesla will be in full control. Special thanks to James Wang for co-authoring this update. |
New all-time high for the Daq:
www.cnbc.com
Stocks rally to start the week, Nasdaq closes at record after Pfizer vaccine approval
Stocks were higher Monday led by reopening stocks, as the Food and Drug Administration approved its first Covid-19 vaccine.
Crazy that last week we were getting punched in the gut and on Monday of the following week the Nasdaq hits an all time high.New all-time high for the Daq:
Stocks rally to start the week, Nasdaq closes at record after Pfizer vaccine approval
Stocks were higher Monday led by reopening stocks, as the Food and Drug Administration approved its first Covid-19 vaccine.
That's why timing the market is impossible. Time in the market is key and don't let the chicken littles say otherwise! :)
TSLA is buy and long hold. 700+ is a bit rich, so wait for the next dip.
