The action in T looks like classic window dressing by mutual fund companies. It went ex-div for the last time in 2021 and already announced it's not maintaining the dividend when it breaks into two companies next year. All the equity income/dividend aristocrat funds that have held the position for 30 years just dumped to get it off their 10/31 year end statements. It's to the point where you're buying the WarnerMedia spinoff with a negative value attached to T, with the catalyst coming in 12 months.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
I don‘t write calls too often unless I think the stock has run up quite a bit (Classic example would be TSLA when it was ~$900]. There are many folks who use your strategy, but that is not my cup of tea. I rather write covered puts.
As always, earnings rule the day. Everything else is secondary.
www.cnbc.com
S&P 500 jumps the most since March, powered by better-than-expected earnings
A lower-than-anticipated number of weekly jobless claims added to the positive market sentiment.
It’s still maintaining the dividend. Post-spin-off I think it will be in the 4% range.
Down goes another TSLA bear:
www.cnbc.com
Michael Burry says he's no longer betting against Tesla and that his put position was just a trade
"No, it was a trade," Burry said in an email exclusively to CNBC, when asked if he's still shorting Tesla.
You forgot CW also sold a bunch.Down goes another TSLA bear:
Michael Burry says he's no longer betting against Tesla and that his put position was just a trade
"No, it was a trade," Burry said in an email exclusively to CNBC, when asked if he's still shorting Tesla.
Is that why ARK is under performing S&P by 30%? She just can’t time it right. Maybe you should give her your advice.
Amongst others. I had AA up 15% today. STNE finally got off the mat for me as well, almost added earlier in the week, but didn't. PLUG with a nice week, pulled back today late though.
Bought SOFI in late July based on someone’s recommendation at 14.90. I usually don’t do that but was bored and missing the casinos. Have a sell order in at 20. Hope it hits on Monday.
Come on a football msg board to talk about building wealth? Serious Clark?
As someone who has owned UPST since the spring, I appreciate the pump. But how on earth is this allowed?
For what it’s worth, I’m always long the market - no LB or CL here. Other than my cash reserves I’m all in w/ 100% invested in stocks/ETFs. But I always look for entry points - which I think is extremely important for long term max gains. Financial crisis, Brexit scare, COVID, etc. were legendary buying opportunities. And I’m not always looking for those cataclysmic events b/c can’t predict, but I typically only buy on dips or corrections unless there is a compelling company.
Right now, we are roughly 95% funds/ETFs, 3% stocks, and 2% crypto. For the funds, we are regular buyers and DCA'ers. Yeah, for our taxable E-Trade account, I normally wait for a down day, but I don't wait for a correction.
Stocks - I bought 12 stocks for the first time ever on March 5th, which was the bottom of the first tech/growth tank. That was too good of an opportunity to pass up! I dumped a few during the second tank in May, so I still have 10 for long holds.
As for crypto, there is always a major drop right around the corner, so that is a waiting game. Have a plan and stick to it and hold. I only put in 1%, but it has doubled to 2%. LOL!
We have plenty of cash, so if/when there is another big market drop, we will buy above and beyond our routine DCA'ing.
There is an amusing discussion on Twitter about $UPST that no one knows what they do.
I made an initial investment in late January at $62. Proceeded to dollar cost average in through June. Over that time, $UPST had about doubled in price. I've been dollar cost averaging back out - sold my last shares today at $384. Overall, a sweet, sweet three-bagger in 9 months.
I still don't really know what $UPST does, but FinTwit was excited about the stock at the beginning of the year and it was also recommended by Motley Fool mid-year. So this was one tip that worked out magnificently. I have a number of FinTwit dogs, but they are not so nearly fun to post about.
I made an initial investment in late January at $62. Proceeded to dollar cost average in through June. Over that time, $UPST had about doubled in price. I've been dollar cost averaging back out - sold my last shares today at $384. Overall, a sweet, sweet three-bagger in 9 months.
I still don't really know what $UPST does, but FinTwit was excited about the stock at the beginning of the year and it was also recommended by Motley Fool mid-year. So this was one tip that worked out magnificently. I have a number of FinTwit dogs, but they are not so nearly fun to post about.
The reddit/wall street bets guys call themselves the ape army.
I googled the guy. He's considered the same as newsletters like Morningstar or Value Line, so he's not really subject to any regulation. He's probably a college friend of somebody on the TV crew. LOL.
Here is the bio from his website.
Mark Minervini is considered one of America's most successful stock traders; a veteran of Wall Street for more than 37 years. He is the author of the best-selling books Trade Like a Stock Market Wizard and Think and Trade Like a Champion. Mark is featured in Momentum Masters – A Roundtable Interview with Super Traders and in Jack Schwager's Stock Market Wizards: Interviews with America's Top Stock Traders.
Thank you! Did some research, took a small position and now wish I had bought more. In a word, en fuego. Well actually that's 2 words.
Another earnings beat:
www.cnbc.com
Netflix posts solid beats on earnings and new subscribers
Netflix announced it will change the way it reports viewing metrics.
Another earnings beat:
Netflix posts solid beats on earnings and new subscribers
Netflix announced it will change the way it reports viewing metrics.
I sold NFLX a while back, but nice to see they are starting to generate significant free cash flow.
Great earnings season so far. As companies make more money, stock price should follow. Very simple! :)
I think it’s more about supporting current price levels(with upside). These earnings beat is significant for those expecting a downturn in the market
+1
Kind of hard to have a real downturn with so many companies crushing it.
That’s my point. Earnings is supporting the current levels which is a good thing for everyone
They need to start looking at viewership and churn rates instead of subscriptions. They are the market leader in streaming and growth has to be slowing for new users IMO.
I was surprised Netflix went on a tear because post-lockdown domestic numbers were slowing, wasn’t convinced about the international story, and further price increases are likely limited with all the streaming competition. Was under $500 not that long ago. Curious to see how it trades tomorrow.
