Yea I know, luckily at this point we are not talking that much money, and I didn't sell any stocks last year so I have no capital gains this year, but I am going to cut my losses with ARKK
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
I have been watching the indexes, looks like there is a back and forth battle going on between sellers and buyers. Does that mean this is the bottom?
Does the next inflation reading come out tomorrow? EDIT - CPI is next week, tomorrow is the jobs report.
Does the next inflation reading come out tomorrow? EDIT - CPI is next week, tomorrow is the jobs report.
I will buy the crap out of MSFT if it goes below $300, but I don't think it gets there.
36 of the 43 stocks in the ARKK fund are more than 40% below their high. The fund is now 45% the ATH, and that is with strong performance in its biggest holding (TSLA). That is incredibly bad performance. Not suggesting that it’s a bad investment at this point, but it clear the skeptics were on target early last year.
Indeed…without Tesla it would have cratered. But I blame CNBC as much as anyone for inviting her on to pump ARKK as much as they did. C-Dub is a train-wreck at the moment.
If others knocked it "out of the park", CW knocked it "off of the planet" in 2020.
I could see IBM grabbing a player in the cybersecurity space or perhaps go after Palantir given IBM’s work with US Gov’t. I’m always tempted to buy IBM because they are developing legit blockchain solutions and investing in quantum computing, and have a fat dividend. But I’ve never been able to pull the trigger. Been on a nice run lately.
Ionq is one of my long term holds. Said to be a leader in quantum computing. Samsung, Amazon and Google are all on board. They would seem to be a great acquisition target. Currently down 50% from its high.
Not sure if the whole message came through. Ionq is another interesting quantum computing play...
"Ionq is one of my long term holds. Said to be a leader in quantum computing. Samsung, Amazon and Google are all on board. They would seem to be a great acquisition target. Currently down 50% from its high."
Check out IONQ's stock price (IONQ) in real time
Get IONQ Inc (IONQ:NYSE) real-time stock quotes, news, price and financial information from CNBC.
www.cnbc.com
Guess the Short ARK Fund would have been a good buy.
SARK | AXS Short Innovation Daily ETF Overview | MarketWatch
SARK | A complete AXS Short Innovation Daily ETF exchange traded fund overview by MarketWatch. View the latest ETF prices and news for better ETF investing.
www.marketwatch.com
Here we go again…
www.cnbc.com
GameStop shares surge on report it will create NFT marketplace
GameStop stock rose more than 14% in extended trading Thursday after The Wall Street Journal reported that the retailer plans to create marketplace for NFTs.
The current dip is because the federal interest rates are going to go up. The SM might not bounce back as fast as with a covid dip, but raising the interest rate isn't a bad thing.
The last time rates started to be consistently hiked was in 2017 and the market, including tech, boomed. It wasn't until late 2018 when the market said enough and freaked out with a temp correction. We are a long, long way off from that time. The market just needs a little time to get comfortable with the new normal:
Rates since 2008 global economic downturn
Dec 16, 2008 — 0.0–0.25
Dec 16, 2015 — 0.25–0.50
Dec 14, 2016 — 0.50–0.75 - Market and Tech Boomed during this time period
Mar 15, 2017 — 0.75–1.00
Jun 14, 2017 — 1.00–1.25
Dec 13, 2017 — 1.25–1.50
Mar 21, 2018 — 1.50–1.75
Jun 13, 2018 — 1.75–2.00
Sep 26, 2018 — 2.00–2.25
Dec 19, 2018 — 2.25–2.50
Jul 31, 2019 — 2.00–2.25
Sep 18, 2019 — 1.75–2.00
Oct 30, 2019 — 1.50–1.75
Mar 3, 2020 — 1.00–1.25
Mar 15, 2020 — 0.00–0.25
BoA raised Discovery to a buy and price target of 45 bucks. Article has other analyst recommendations in the last quarter mentioned which are a little less rosy.
www.marketbeat.com
DISCA Stock Forecast, Price & News (Warner Bros. Discovery)
Researching Warner Bros. Discovery? Get The Latest DISCA Stock Forecast, Price Target, Earnings Estimates, Headlines, Short Interest at MarketBeat.
www.marketbeat.com
So I guess the real question is does that upgrade help push AT&T higher?BoA raised Discovery to a buy and price target of 45 bucks. Article has other analyst recommendations in the last quarter mentioned which are a little less rosy.
DISCA Stock Forecast, Price & News (Warner Bros. Discovery)
Researching Warner Bros. Discovery? Get The Latest DISCA Stock Forecast, Price Target, Earnings Estimates, Headlines, Short Interest at MarketBeat.
Some interesting stats in here:
www.zerohedge.com
"Massive Meltdown": 40% Of Nasdaq Companies Are Down More Than Half From Their Highs
In a testament to the narrow breadth of the Nasdaq, and the broader market in general, where as a reminder 51% of all market gains from April through December were just from the five most popular tech names - AAPL, MSFT, NVDA, TSLA, GOOGL - Sundial Research notes that a near-record number of tech stocks have plunged by some 50%, a number that was only surpassed by the March 2021 crash and the global financial crisis."Massive Meltdown": 40% Of Nasdaq Companies Are Down More Than Half From Their Highs | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
F the man! :)
www.cnbc.com
GameStop shares surge as much as 20% after news it plans to launch an NFT marketplace
The video game retailer is planning to create a marketplace for nonfungible tokens, or NFTs.
F the man! :)
The SEC needs to pay GameStop a visit. They hired 20 people to work on NFT stuff and haven’t signed a single crypto partnership yet. Did GameStop leak it or was there an official announcement?GameStop shares surge as much as 20% after news it plans to launch an NFT marketplace
The video game retailer is planning to create a marketplace for nonfungible tokens, or NFTs.
Really comes down to the continued decline in labor participation. Boomer retirement rate increasing and staff losses in certain professions… health care and hospitality; teachers are next, they are fed up…… a thankless job these days and very poor pay.
IMO, on the margins maybe but anything related to Warner should already be priced into the stock. The deal is suppose to close anywhere from April to middle of the year. They won't own it anymore so any good news from Warner shouldn't really affect ATT.
ATT has already been on a tear and went through the 50DMA pretty easily. I think there's stiffer resistance in the 27ish area give or take and the 200DMA is in that area too. Even if it's on its way higher, at the very least it should take a breather and consolidate. Any substantial movement higher IMO will be on the back of good ATT news, not good Warner news.
My pick for the day (proceed at your own risk) is Southwestern Energy. I have been trading it for two years with a lot of success. It looks like it is poised for another short-term breakout. It has been under pressure over the last 10 days, but other Nat Gas companies started to go up the last couple of days with SWN lagging. I think it has room to run, as Nat Gas prices are stable.
For a company that was the leader in all things video games and stood still while the world/internet passed them by, its pretty funny to think they'll be able to successfully launch an NFT marketplace.
Sure and that's where you'll get the benefit around the margins but I don't expect substantial moves based on Discovery/Warner news. DISCA is up like 8.5% at the open off the upgrade, T up less than 2%.
WFC upgraded ATT to equal weight with PT 27. Says bear cased largely played out.
Yeah, WFC takes T from $26 PT to $27 PT. These analysts make me laugh.
