Probably just the realization that fear and emotion got way ahead of the facts. In general, the conflict in UKR isn't going to impact the EU economy that much.
OT: Stock and Investment Talk
- Thread starter RU-05
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Maybe just a typical market bounce after getting trounced for a couple weeks?
Ya, one opinion among many. Always good to hear the different perspectives.
That's my opinion...things can get short term oversold and you can get violent countertrend rallies. I still think the bias is to the downside for now but we'll likely see these fairly decent sized moves both up and down.
Flip flop of the recent trends at the open. Energy and defense down and the rest are mostly up.
NKE with a nice 5-6% move off the 52 weeks lows yesterday.
NKE with a nice 5-6% move off the 52 weeks lows yesterday.
It all depends on tomorrow's inflation #, the Fed action next week, and the future of the UKR conflict. The market is way oversold based on earnings and performance. It will explode with any good news.
But I admit, can't predict when that good news will come, so who knows. LOL!
I agree with that....any good news (Ukraine specifically) will likely lead to violent rally up...but I've always said I think inflation and rates are the bigger overhang to the market.
Re: MSFT, I think that was before they ramped up their cloud business and launched new/better applications like Teams. There was a point in time where PC competition was fierce and future growth was stagnant. But, I don’t rely on analysts too much because they typically lead me to make bad decisions.
Flip-flop trading will be the norm for a while. I don’t think the market will normalize without a major headline such as inflation under control, China intervenes with Russia, etc. Let’s be realistic = as long as Putin is still pushing this military action we won’t get the market relief we need to take meaningful steps higher.
Yea it was but that was part of my thinking, they're in the guts of enterprise all over, they're not going anywhere. Whether IT likes them or not the cost to remove them is too high and they will figure it out and services revenue will get them through and lo and behold they did. Ballmer was the only thing I didn't like about the company but I don't remember if he was the CEO or not at the time.
Analysts are good for bumps up and down and I don't mind reading their analysis but don't know that I put much stock in their recommendations. A stock has a huge move up and then you upgrade or a stock has a huge move down and then you downgrade. I've seen some with PTs way below the current price and they have HOLD. There aren't many SELLS compared to HOLD/BUY.
So I do think they can be stock moving and I do think there's some value in reading their reports but I just leave it at that.
Don't disagree, but WSJ editorial mention today the process to acquire those leases is ~ 6 months (compared to 2 days in Texas)
CNBC has been talking for a year and a half about how disciplined the oil companies now are. IE they could be drilling more, but they prefer drilling less, keeping supplies low and prices higher.
Now that was the narrative when Oil was under $80, and there was no war in Ukraine.
Does the mindset change with Oil at $120? Well it might not if the oil companies see this as a "short term" situation, but it does seem like they could be pumping more if they wanted.
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Clearly our strategy is to not get directly involved. So perhaps by squeezing the Russian people, the oligarch's and ordinary people alike, and throwing that atop on what already looks like unrest amongst the Russian people because of their disapproval of this invasion we get the Russian people to do the work of removing Putin themselves.
It will be interesting to see which countries other than China step in to fill the void left by US companies suspending/ceasing ops in Russia.
Last I heard India is still cool with Russia. Which kind of goes against the perception, as least my perception that India is a "good guy". Between them and China that's a lot of people.
Could the next step be sanctioning those countries which cooperate with Russia? Really hope this thing ends before we start going down those routes.
China and India are basically untouchable at this point. Goes to show you how much leverage we’ve lost with China. I never know what to make of India because they talk the talk but don’t walk the walk.
It’s interesting to note Indian spends more on defense than Russia.
Just saw on halftime and missed this news yesterday. GE with a 3B buyback announcement.
Not fan of buybacks in general but definitely a far cry from where the company was a few years ago. I trust Culp and take that as a sign of a stronger balance sheet and stability.
I mentioned it would be a slog and it has been and the pandemic added another layer to that but another positive sign in its health and improvement.
Not fan of buybacks in general but definitely a far cry from where the company was a few years ago. I trust Culp and take that as a sign of a stronger balance sheet and stability.
I mentioned it would be a slog and it has been and the pandemic added another layer to that but another positive sign in its health and improvement.
Hard to believe that GE was at $450 roughly 10 years ago. They are lucky to still be in business and the turnaround seems to be working.
I have a friend who works for KPMG Russia and he says the country is a complete mess right now. The biggest issue is banking is completely FUBARd even for domestic ruble-based transactions. His bank froze all transactions temporarily to prevent a bank run and his credit cards don’t work. He has Amex and Visa since he travels for work. Poor guy is shell shocked more than angry.
He lives in Moscow and he says the general population doesn’t really support the war much like a lot of Americans didn’t support the Iraq war, but not enough to force a revolution at this time. The anger is apparently shifting towards the west rather than Putin and his administration. The general thought is that the West is allowed to invade countries at will without repercussion but when Russia tries to secure its own security, whether right or wrong, they get bent over a barrel. Many Russians wish they could have done to America for the Iraq war what America is doing to Russia now for Ukraine. At least that’s his current read.
I’m no geopolitical expert but what threat did Ukraine actually pose to Russia? Aside from Putin’s madness, before this mess I didn’t think anyone really gave two craps about Russia anymore. Where was the threat to Russia? If Ukraine was a threat…is Poland the next threat…Germany…?
Management matters.
The company is three tiers and it will split along those tiers.
A jewel in aviation although that’s been hit with the pandemic but has the potential to return to that status. Culp will be the CEO of this part of the company.
A solid business with decent cash flow in healthcare.
A laggard in energy and renewables but with potential consolidation with someone maybe can turn around a little.
It sounds like Putin propaganda is working. Before the war over 70% of Russians supported Putin and probably it’s now 50% if they’re blaming the west. I would think that the majority of Russians have seen or heard of some of the bombing in Ukraine.
Good news on GE. Strong buyback prior to the spilt. Got a lot of GE in several of my funds!
Whether today has legs or not mostly depends on tomorrow's CPI data.
FYI - you sound like one of those awful bears!
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Not bearish just cautious…I’ve been buying slowly in relatively small quantities, and selling to grab quick profits when possible. I don’t think Putin is going to accept these sanctions lightly especially when the Russian rhetoric is that the US declared economic war on Russia. I’d say almost any scenario is on the table because he’s such a f’in nutcase. There is more trouble ahead unless someone takes him out from within.
I have been a net seller the last few weeks on strength. (After a lot of buys in Jan and Feb). I did buy some on weakness, including SWN, GT, IP and AZEK over the last week; SWN paid off big in just a few days. The other three are a wait and see.
Now give me some credit; I have been a very active buyer this year and late last year, which has paid off (go back to my 1/13 post; all of those stocks are up except one, and 4 of the 8 are up over 15% since then). And I continue to buy on weakness as I noted above. My sales were all to lock in on some decent gains.
When Ukraine invades their neighbors and terrorizes their majority, then they can make that comparison. I mean really. Iraq invaded Kuwait, used chemical weapons against the Kurds, and threatened Saudi Arabia with invasion. How is that at all comparable to the current situation. Serbia? We stepped in to prevent genocide against muslims. We had zero intention of occupying either country or region. Any Russian thinking that their invasion was somewhat justified is a product of propaganda.
