OT: Stock and Investment Talk

[RU-05]

Anyone interested in Zillow at these levels? It’s gotten shredded the last few days. Lowest levels in almost 2 years.

Karen Finnerman of FastMoney fame was buying in.

Z was crashing because their foray into buying and selling of houses turned out to be a failure and they will now be selling their inventory of houses presumably at some level of loss.

Finnerman's case is that she prefers the asset light business that Zillow was before it got into the asset heavy buying and selling of houses, ie ad based website revenue. So Z is now way cheaper then it was, and it got rid of the part of the business she did not like.

I thought it was a pretty compelling case.

Tim Seymour was buying as well. Though I didn't catch his argument.

 

[RU-05]

They made an awful business decision and are suffering the consequences.

And some see this as a sign of poor mgmt.

Josh Brown saw it as a company trying something that did not work, a bad decision but not necessarily poor mgmt.

 

[RU-05]

This is from a MarketWatch story on Z.

"Of the 24 analysts surveyed by FactSet who cover Zillow, no less than 14 lowered their price targets. That lowered the average price target on Wall Street for the Class A shares to $106.05 from $144.50 at the end of October, and for the more-active Class C shares to $101.67 from $142.37.

But while 13, or 54%, of the analysts surveyed don't recommend buying the stock, as they now rate it the equivalent of a hold, nine still say the stock is a buy and only two say it's a sell."

It's up 3.39% in extended this morning.

 

[RUAldo]

Karen Finnerman of FastMoney fame was buying in.

Z was crashing because their foray into buying and selling of houses turned out to be a failure and they will now be selling their inventory of houses presumably at some level of loss.

Finnerman's case is that she prefers the asset light business that Zillow was before it got into the asset heavy buying and selling of houses, ie ad based website revenue. So Z is now way cheaper then it was, and it got rid of the part of the business she did not like.

I thought it was a pretty compelling case.

Tim Seymour was buying as well. Though I didn't catch his argument.

That’s the segment that had me looking at it. I don’t disagree with the value of the internet side of the business now that the capital intensive crap is gone. I saw CW bought the dip and then starting dumping shares which I found interesting.

 

[RU-05]

Ford buying back $5B in high cost debt.

While also announcing some sort of ESG financing plans.

 

[mdk01]

Not accurate. Unless you are talking about corporate minimum taxes.

With the proposals changing about every 20 minutes that's a questionably definitive statement. This morning it's back to attacking mega-IRA's. That could be done reasonably, but "reason" is in short supply in Washington. Will be interesting to see if they waive early withdrawal penalties on required distributions from taxable accounts for owners under 59 1/2. Also want any accounts, taxable or Roth of $2.5 million or more reported to IRS annually.

First it was bank accounts over $600. Now it's IRAs. They're like a pack of wolves circling a flock of sheep looking for an easy target.

 

[RU-05]

That’s the segment that had me looking at it. I don’t disagree with the value of the internet side of the business now that the capital intensive crap is gone. I saw CW bought the dip and then starting dumping shares which I found interesting.

Wonder how well she timed the bottom. She may have made a quick 5-7%, saw it was a little overbought in the very short term and is just trading around volatility.

Imagine there is a ton of analytics going on in terms of chart work in her process.

 

[RUDead]

That’s the segment that had me looking at it. I don’t disagree with the value of the internet side of the business now that the capital intensive crap is gone. I saw CW bought the dip and then starting dumping shares which I found interesting.

They still have a lot of houses to sell so that has to be factoring in as well.

 

[RU-05]

They still have a lot of houses to sell so that has to be factoring in as well.

yup, and they are going to take a hit there, but it's likely fully baked in, if not over baked.

Currently up 4.6% in extended, so maybe it was overbaked, and it's getting closer to just baked.

 

[RUDead]

yup, and they are going to take a hit there, but it's likely fully baked in, if not over baked.

Currently up 4.6% in extended, so maybe it was overbaked, and it's getting closer to just baked.

I would love to see some real analysis on that. I keep reading that the market is "really hot" but that doesn't tell you much because they were buying so many houses they could have been pushing it up. Isn't it something like 7K houses? That algo went crazy. 🤓

Such a strange decision to go into a risky, capital intensive business when they had been successfully running just the opposite. I also question those zillow estimates now too.

 

[T2Kplus20]

With the proposals changing about every 20 minutes that's a questionably definitive statement. This morning it's back to attacking mega-IRA's. That could be done reasonably, but "reason" is in short supply in Washington. Will be interesting to see if they waive early withdrawal penalties on required distributions from taxable accounts for owners under 59 1/2. Also want any accounts, taxable or Roth of $2.5 million or more reported to IRS annually.

First it was bank accounts over $600. Now it's IRAs. They're like a pack of wolves circling a flock of sheep looking for an easy target.

Thankfully the bank reporting to the IRS scheme sounds dead. I think Manchin and Sinema killed it. Hopefully!

 

[mdk01]

Thankfully the bank reporting to the IRS scheme sounds dead. I think Manchin and Sinema killed it. Hopefully!

Damn. I was hoping they'd nail those tax cheating college students whose parents put over $600 in their checking accounts to pay for textbooks and transportation home for the holidays.

 

[mdk01]

Not accurate. Unless you are talking about corporate minimum taxes.

This may be behind a paywall, but the title is self explanatory.

https://www.bloomberg.com/news/arti...larging-minimum-tax-to-counter-salt-expansion

 

[T2Kplus20]

This may be behind a paywall, but the title is self explanatory.

https://www.bloomberg.com/news/arti...larging-minimum-tax-to-counter-salt-expansion

No specifics, just seems like a wish/hope right now. This shows how stupid the folks in DC are now. The 2 taxes essentially counteract each other. Get rid of the SALT cap, but increase AMT? The AMT would negate any SALTs you can deduct. LOL!

 

[mdk01]

No specifics, just seems like a wish/hope right now. This shows how stupid the folks in DC are now. The 2 taxes essentially counteract each other. Get rid of the SALT cap, but increase AMT? The AMT would negate any SALTs you can deduct. LOL!

It's worse than that. The gang that couldn't shoot straight is lining up to fire again. To bad it's not a circular firing squad. Their purported target, the super rich who get their income from mammoth W-2s which would include stock options, would GET the deductions because they were never got bit by the old AMT rules. The target they'd hit with their drive-by are the upper middle class who live in Cali, the Tri-state area and a few other places. Innocent bystanders are rough time these days.

 

[RU-05]

OCGN which had gone parabolic, is now getting hammered. Not shocking.

PENN getting crushed is a little more surprising.
NRG down 10% as well.

I do have some big winners on the other so I'm only down less then .2%

 

[WhichReligionIsRight]

Stocks like Nvidia are rarely on sale. (Last opportunity was in 2019.) Looking at five and ten year charts + have buy-in on the company's thesis moving forward helps me pull the trigger. Sure, mistakes are made, but I usually feel vindicated with blue chip purchases - no matter when. Would I have like to have pulled the trigger on additional NVDA shares in June 2019 in the $30s (split adjusted)? Sure. But very happy to have purchased in 2018 near $70 and in September @ $223.

One way to consider buying into a stock at this price is to dollar cost average your way into a comfortable position. You might even catch a downturn along the way.

I try to not quote my own posts, but this aged so beautifully overnight. NVDA currently up over 10% today.

 

[Rutgers Chris]

OCGN which had gone parabolic, is now getting hammered. Not shocking.

PENN getting crushed is a little more surprising.
NRG down 10% as well.

I do have some big winners on the other so I'm only down less then .2%

Earnings miss for PENN along with the not so flattering Business Insider story about Portnoy's sex life would seem to be the culprits.

 

[T2Kplus20]

I try to not quote my own posts, but this aged so beautifully overnight. NVDA currently up over 10% today.

SOXX up 2.5%, smashing through $500 to a new ATH.

 

[T2Kplus20]

OCGN which had gone parabolic, is now getting hammered. Not shocking.

PENN getting crushed is a little more surprising.
NRG down 10% as well.

I do have some big winners on the other so I'm only down less then .2%

Value getting hurt today, growth/tech are partying:

Markets - US Stock Market Indexes | Morningstar

Keep current with what is going on in the markets with our real-time trackers that show major indexes, global markets, stock sectors and more.

www.morningstar.com

 

[WhichReligionIsRight]

Today has been an especially active day for my accounts - some of the biggest daily changes in equities (both up and down) in a while.

Three stocks that are crushing the market both recently and over the past few years:

ETSY
ZBRA
FTNT

One more - kind of boring, but has always delivered:

ADBE

Here are two that I'm really wavering on - both are down big today and I'm questioning the thesis on both companies:

ROKU
TTD

 

[WhichReligionIsRight]

Holy cow - NVDA! The stock keeps up the intra-day rocket. Big beneficiary of Meta (formerly Facebook). Once again, the market is reacting to things expected to happen.

The catalyst for this sharp spike in Nvidia shares, predicts Wells Fargo, will be an Nvidia presentation at the GPU Technology Conference that will be held online from Nov. 8 to Nov. 11. There, Nvidia will announce that its Omniverse Enterprise platform -- which Nvidia describes as a "platform for connecting 3D worlds in a shared virtual universe -- is open for business.

Nvidia will be charging users as much as $9,000 per year per "workgroup" accessing the Omniverse, reports TheFly.com. In Wells Fargo's opinion, this new product will be not only a "significant" expansion for Nvidia, but a potential huge recurring revenue driver for the company as well.

Why Nvidia Stock Rocketed Higher Today | The Motley Fool

Facebook wants a metaverse -- and Nvidia is offering an omniverse.

www.fool.com

 

[RUJohnny99]

Can someone explain what's going on with NVDA? Back in June when they announced their stock split, I bought some December calls. Heck, I can basically use that to pay my 3 kids tuitions at this point

edit. Thanks WhichRel. May as well let it ride another week or so.

 

[WhichReligionIsRight]

Can someone explain what's going on with NVDA? Back in June when they announced their stock split, I bought some December calls. Heck, I can basically use that to pay my 3 kids tuitions at this point

See the article I posted moments before your post. Basically - the Meta (Facebook) - NVDA connection.

 

[WhichReligionIsRight]

 

[mdk01]

ALB on a tear. Up 14% over the last 5 days and 23% the last month.

 

[T2Kplus20]

It's worse than that. The gang that couldn't shoot straight is lining up to fire again. To bad it's not a circular firing squad. Their purported target, the super rich who get their income from mammoth W-2s which would include stock options, would GET the deductions because they were never got bit by the old AMT rules. The target they'd hit with their drive-by are the upper middle class who live in Cali, the Tri-state area and a few other places. Innocent bystanders are rough time these days.

Crazy House update. I think the Backdoor Roth is good until 2031 (and then limited by income). The SALT proposal is to raise the cap to $72,500. Nothing on the ATM yet. Even if this passed the House, unlikely to pass the Senate without significant changes:

House Democrats propose increasing state and local tax cap to $72,500 through 2031

House Democrats have proposed increasing the state and local taxes, or SALT, cap to $72,500 from $10,000 through 2031.

www.cnbc.com

Democrats put 401(k) and IRA restrictions for the rich back into their Build Back Better plan

Curbs on retirement plans for the rich re-emerged in Democrats' social and climate agenda on Wednesday, after a White House framework had stripped them out.

www.cnbc.com

 

[sherepower]

Check out EMOTF and Voyager Digital.

EMOTF is just getting started. Do your Due Diligence before. You’ll like what you find. EMO is a 8 bagger in two years. Voyager Digital has all kinds catalysts coming the next 6 months. They just partnered with Mark Cuban and the Dallas Mav’s

 

[WhichReligionIsRight]

 

[WhichReligionIsRight]

 

[RUAldo]

Check out EMOTF and Voyager Digital.

EMOTF is just getting started. Do your Due Diligence before. You’ll like what you find. EMO is a 8 bagger in two years. Voyager Digital has all kinds catalysts coming the next 6 months. They just partnered with Mark Cuban and the Dallas Mav’s

What’s the EMOTF play?

 

[RUAldo]

Holy cow - NVDA! The stock keeps up the intra-day rocket. Big beneficiary of Meta (formerly Facebook). Once again, the market is reacting to things expected to happen.

The catalyst for this sharp spike in Nvidia shares, predicts Wells Fargo, will be an Nvidia presentation at the GPU Technology Conference that will be held online from Nov. 8 to Nov. 11. There, Nvidia will announce that its Omniverse Enterprise platform -- which Nvidia describes as a "platform for connecting 3D worlds in a shared virtual universe -- is open for business.

Nvidia will be charging users as much as $9,000 per year per "workgroup" accessing the Omniverse, reports TheFly.com. In Wells Fargo's opinion, this new product will be not only a "significant" expansion for Nvidia, but a potential huge recurring revenue driver for the company as well.

Why Nvidia Stock Rocketed Higher Today | The Motley Fool

Facebook wants a metaverse -- and Nvidia is offering an omniverse.

www.fool.com

Is NVDA buy on pull back only or is it supposed to rocket even higher?

 

[mdk01]

Crazy House update. I think the Backdoor Roth is good until 2031 (and then limited by income). The SALT proposal is to raise the cap to $72,500. Nothing on the ATM yet. Even if this passed the House, unlikely to pass the Senate without significant changes:

House Democrats propose increasing state and local tax cap to $72,500 through 2031

House Democrats have proposed increasing the state and local taxes, or SALT, cap to $72,500 from $10,000 through 2031.

www.cnbc.com

Democrats put 401(k) and IRA restrictions for the rich back into their Build Back Better plan

Curbs on retirement plans for the rich re-emerged in Democrats' social and climate agenda on Wednesday, after a White House framework had stripped them out.

www.cnbc.com

As long as people taking required distributions before 59 1/2 from taxable plans don't get hit with the 10% penalty I think that would fly at the levels they're talking about.

To latest SALT proposal of a 72k limit primarily benefits taxpayers earning between 250k and $1 million is bovine excrement. How many taxpayers do you know making 250k ring up combined state income and property taxes of $72,000? Wait!!! Murphey got reelected so it might be possible. But they got Sanders to mumble something about protecting the middle class.

 

[phs73rc77gsm83]

Crazy House update. I think the Backdoor Roth is good until 2031 (and then limited by income). The SALT proposal is to raise the cap to $72,500. Nothing on the ATM yet. Even if this passed the House, unlikely to pass the Senate without significant changes:

House Democrats propose increasing state and local tax cap to $72,500 through 2031

House Democrats have proposed increasing the state and local taxes, or SALT, cap to $72,500 from $10,000 through 2031.

www.cnbc.com

Democrats put 401(k) and IRA restrictions for the rich back into their Build Back Better plan

Curbs on retirement plans for the rich re-emerged in Democrats' social and climate agenda on Wednesday, after a White House framework had stripped them out.

www.cnbc.com

Good thoughts. Who knows what’s going to happen with taxes. Tax rates are scheduled to go up in 2026, as you know. I really like Roth IRAs for me because I’m concerned about possible future tax increases and the possibility of the surviving spouse (likely my wife) having to file single with significant RMD from tIRAs. I don’t presume to know your exact circumstances but based on your postings, I applaud your efforts to do backdoor Roth’s. Also, if you have kids and expect them to be in a high tax bracket, it probably makes sense to do Roth (especially if you are retired like I am and may be in a lower bracket than my kids down the road.)

 

[phs73rc77gsm83]

As long as people taking required distributions before 59 1/2 from taxable plans don't get hit with the 10% penalty I think that would fly at the levels they're talking about.

To latest SALT proposal of a 72k limit primarily benefits taxpayers earning between 250k and $1 million is bovine excrement. How many taxpayers do you know making 250k ring up combined state income and property taxes of $72,000? Wait!!! Murphey got reelected so it might be possible. But they got Sanders to mumble something about protecting the middle class.

Agreed. Don’t forget you can avoid the 10% penalty for distributions prior to 59 1/2 with Rule 72(t) of equal periodic distributions.

 

[T2Kplus20]

Good thoughts. Who knows what’s going to happen with taxes. Tax rates are scheduled to go up in 2026, as you know. I really like Roth IRAs for me because I’m concerned about possible future tax increases and the possibility of the surviving spouse (likely my wife) having to file single with significant RMD from tIRAs. I don’t presume to know your exact circumstances but based on your postings, I applaud your efforts to do backdoor Roth’s. Also, if you have kids and expect them to be in a high tax bracket, it probably makes sense to do Roth (especially if you are retired like I am and may be in a lower bracket than my kids down the road.)

If they take away the backdoor Roth (which I still think is unlikely), we will just start using the Roth 401k option via my work. I definitely agree with have a mix of retirement money - normal and Roth. We will likely use our Roth money for capital purchases, so we can take out whatever we want and not worry about taxes.

 

[T2Kplus20]

Agreed. Don’t forget you can avoid the 10% penalty for distributions prior to 59 1/2 with Rule 72(t) of equal periodic distributions.

Also, I think you can avoid the 10% penalty if you retire at the age of 55 or above, right?

 

[sherepower]

What’s the

 

[sherepower]

What’s the EMOTF play?

It’s a precious metal mining company. They just acquired one of the best deposits in the world. Not to mention they are about to get another one that has the potential to be even better than the ones they already own. It’s in Spain.

I have made a fortune in the precious metal space ( copper, Zinc ,gold, silver ). Thanks to Doc Jones resource investor. Do yourself a favor and follow him on Twitter. He is Sproutts ( billionaire investor right hand man who invests in this space ).

I promise you will not regret it. Doesn’t hurt to get great information for free. If I am wrong you can call me out. EMOTF has some big time catalysts coming up. Good luck

 

[phs73rc77gsm83]

Also, I think you can avoid the 10% penalty if you retire at the age of 55 or above, right?

72(t) provides for no penalty withdraws via separate equal distribution from tIRAs prior to 59 1/2 years of age. This could be any age.