I‘ll be selling most of these tech stocks before their earnings, about a month, going back to my old strategy.
My REIT’s are medical buildings and data centers.
Brought some TQQQ this morning holding for a few weeks.
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OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
My REIT’s are medical buildings and data centers.
Brought some TQQQ this morning holding for a few weeks.
I don’t pay attention to the meme stocks but came across this blurb. Guess there is still some play in them.
GameStop (GME) – GameStop remains on watch as the videogame retailer’s stock rides a 10-session winning streak that has seen it gain 143%. Another “meme stock” on a roll is movie theater operator AMC Entertainment (AMC), which surged 45% Monday, its best day since last June. GameStop fell 3.5% in premarket trading, while AMC slid 4.5%
GameStop (GME) – GameStop remains on watch as the videogame retailer’s stock rides a 10-session winning streak that has seen it gain 143%. Another “meme stock” on a roll is movie theater operator AMC Entertainment (AMC), which surged 45% Monday, its best day since last June. GameStop fell 3.5% in premarket trading, while AMC slid 4.5%
+1
This has been a long running trend that COVID accelerated. No surprise that commercial real estate is tanking. The folks working from home have more money and time to spend it. So, look for consumer spending trends to stay strong.
Except the story doesn’t add up. Multi family rents in NYC hit ATH. 75% of companies are going 3 days. These swip data are as good as election polling data.
funny That Google and Amazon are big buyers of real estate in NYC. IBM just signed a huge lease at One Madison. I mean these are the WFH companies but they are going long CRE. The real change is densification. At one point companies were down to 85 sf per employee. now with the rotating schedule, a lot more space per employee in the office.
Most of pharma is going half in and half out for office-based jobs. The time of the 5 days a week 9-5 in the office is gone. One of the few good outcomes of COVID!
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Some of the big tech names look like they’re pushing up against or might be breaking out of old resistance levels.
But different stuff?
Consumers working from home will most likely not be spending on lunches out or clothing but more likely technology and comforts for their house?
Multi-family rent increases don’t surprise me because there is nowhere for people to go. But, the commercial real estate market is still struggling despite bogus reports (posted by brokers) that try to paint a bright picture. Available NYC office space hit a record in February (17.4%) and is 74% higher than pre-pandemic. I’m sure part of Google’s and IBM’s interest in NYC is based more on the investment potential and future flexibility. There was a time when AT&T accumulated mass amounts of real estate to the point that it was the third largest landholder in the US only behind the US Gov’t and Catholic Church, and it’s real estate portfolio was worth tens of billions. Fun fact: AT&T used to own the tract of land where the Hunt is hosted. Wouldn’t surprise me if Big Tech started buying more and more real estate in major cities.
Manhattan office availability hits new peak
Nearly 94 million square feet of office space is available for rent in Manhattan, a record, according to a report from Colliers.
therealdeal.com
The availability rate is all BS. Companies throw their space to sublet just for optionality or looking to trade up.Multi-family rent increases don’t surprise me because there is nowhere for people to go. But, the commercial real estate market is still struggling despite bogus reports (posted by brokers) that try to paint a bright picture. Available NYC office space hit a record in February (17.4%) and is 74% higher than pre-pandemic. I’m sure part of Google’s and IBM’s interest in NYC is based more on the investment potential and future flexibility. There was a time when AT&T accumulated mass amounts of real estate to the point that it was the third largest landholder in the US only behind the US Gov’t and Catholic Church, and it’s real estate portfolio was worth tens of billions. Fun fact: AT&T used to own the tract of land where the Hunt is hosted. Wouldn’t surprise me if Big Tech started buying more and more real estate in major cities.
Manhattan office availability hits new peak
Nearly 94 million square feet of office space is available for rent in Manhattan, a record, according to a report from Colliers.therealdeal.com
I think the next level of Techs- PYPL, CRM, FB, ADBE, NFLX will be moving more. AAPL and GOOG close to their old high. AMZN moving to 3,500 minimum
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You poor thing. Did your chauffeur and butler bend you over too?
LOL…Trust me, I did my own yard for 15 years, even after working a miserable landscaping gig all through high school. It got to the point that the equipment/gas/maintenance/time on my yard just didn’t make sense. The cleaning lady is more a function of two full-time working parents and active kids. But I’m sure my butler will screw me next…
Added a lot of techs this morning but also just sold some a minute ago. Will buy more when they retreat the next few days,
Good news for board favorite SoFi…
www.forbes.com
Biden Drops Student Loan Cancellation From Budget
What it means for your student loans.
www.forbes.com
Good! Made no f’in sense to cancel student loans. My wife and I each hated making those damn loan payments every month but taught us to manage our money wisely and forced us to stick to a budget.Good news for board favorite SoFi…
Biden Drops Student Loan Cancellation From Budget
What it means for your student loans.
Bill Ackman is done with activist short-selling, will focus on quieter, long-term approach
Investor Bill Ackman said Tuesday that he will no longer take part in activist short selling.
LOL
Tempting to chase tech with all the green but I’m going to wait for a Putin day.
I did an across the board buy for our E-Trade account this morning - all 8 ETFs. We do so about every 2 weeks, unless I see a too good to pass up dip.
Ackman = POSBill Ackman is done with activist short-selling, will focus on quieter, long-term approach
Investor Bill Ackman said Tuesday that he will no longer take part in activist short selling.www.cnbc.com
LOL
I’m assuming they will go up when earnings comes up in the next few weeks. I can said I’m buying for the long term like T2K but if they go up nicely in 3 weeks, I wouldn’t feel bad if I took a profit on them. I was watching CNBC this morning and an analyst was talking about the Techs with decent PE and she basically expected the Techs to go up the next few weeks because of earnings so she only confirmed my strategy. I had these Techs from the past but I added the last two days. FB and AMZN breaking out. AAPL, GOOG and O close to their high so I got rid of most of the holdings.
Also have HD, SBUX, MMM, HON, NKE, since they are at their low at a decent PE, will wait however long for decent return. I’m very close to my ATH for my account balance.
I just went crazy and brought 25 shares of ROKU and SQ each, first stocks without profits.
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I mentioned if FB can get through this 220s area I think 240s where I first bought it is in play. NKE I think I mentioned it might have some resistance in that 138ish area around but then after that mid 140s is in play if it breaks through. Knife catching has its moments lol....but always with high quality names for me.
I mentioned CL might be in a bottom of trading range a little while back and its looks like it may have bounced off that level
He's not always bad. I remember a long while back he helped buoy PG stock (which I owned at the time and still do)a bit and then later Nelson Peltz shook it up more. Activist investors, at times, can be helpful. Although TGT and JCP were big misses for him at the time he held them and these were longs not shorts for him.
The only high flying Tech I didn’t buy was TSLA and NFLX. I was considering TSLA but was too late but I think NFLX might be a buy in a few days. I normally only buy high quality names.
After the recent run, I am trimming a little. Sold some of my AAPL today after a historic two week run. Also sold my PLTR, which is up about 35% over the last two weeks.
TSLA isn't for me. It's very hard for me to get over the PE, unless I think it can be more than a car company which it possibly could be. I contemplated it in the 700s and looked like a 6 handle was coming but still didn't pull the trigger.
NFLX is generally not for me but can be at times. I prefer DIS myself. They all are going to have to spend a ton on content and who knows for sure what it will return. One thing though that could be a boon for NFLX in the future, and possibly others, is that test roll out of account sharing crackdown. I think they're doing it in South America for now. I suppose there could be some subscriber loss but I think on balance it will be a net plus to subscribers. If they find it's a net positive and then gets rolled out across the globe that would be a nice boon for them imo. It's pushing up against its 50DMA.
I have been itching to add to my TQQQ, UPRO, and SOXL. However, you need to be patient with these mo-fo's. Gotta keep discipline. I have decided to downgrade the 3x SOXL to the 2x USD. Just waiting for the pump to end. Being triple leveraged in the semi space is too volatile for me! LOL.
I thought about adding to my TSLA position when it was closing in on $700. But alas, it was that low for only a blink of an eye and missed it due to a work meeting. Guess I should have made a limit order.
My landscaper wanted 60
Several neighbors had a different guy so I asked for a quote. He will do it for 45
He was dependable and did a good job for the 4 neighbors he did last year
Earnings matter! 2 big wins, 2 big losses:
Micron — Shares of the chip maker advanced more than 4% after hours, after the company reported financial results for its most recent quarter. Micron beat Wall Street estimates on both quarterly earnings and revenue. It also gave positive revenue and adjusted earnings guidance for its third quarter.
Lululemon — The athleisure apparel maker’s share jumped about 7% following the company’s quarterly earnings report. Lululemon reported earnings that were about 9 cents higher than analysts estimated, although it reported a revenue miss. It also announced a $1 billion stock buyback program.
RH — The home furnishings retailer saw shares decline by more than 5% following its quarterly results. While RH reported an earnings beat for the most recent quarter, it also reported revenue of $901.5 million, compared to estimates of $931.8 million. The company also announced a 3-for-1 stock split that will take place in the spring.
Chewy — The pet supply company tumbled after hours after reporting a wider than expected quarterly loss of 15 cents per share, versus the estimate of 8 cents, and a revenue miss. It also issued weak revenue guidance for the first quarter and the full year.
www.cnbc.com
Micron — Shares of the chip maker advanced more than 4% after hours, after the company reported financial results for its most recent quarter. Micron beat Wall Street estimates on both quarterly earnings and revenue. It also gave positive revenue and adjusted earnings guidance for its third quarter.
Lululemon — The athleisure apparel maker’s share jumped about 7% following the company’s quarterly earnings report. Lululemon reported earnings that were about 9 cents higher than analysts estimated, although it reported a revenue miss. It also announced a $1 billion stock buyback program.
RH — The home furnishings retailer saw shares decline by more than 5% following its quarterly results. While RH reported an earnings beat for the most recent quarter, it also reported revenue of $901.5 million, compared to estimates of $931.8 million. The company also announced a 3-for-1 stock split that will take place in the spring.
Chewy — The pet supply company tumbled after hours after reporting a wider than expected quarterly loss of 15 cents per share, versus the estimate of 8 cents, and a revenue miss. It also issued weak revenue guidance for the first quarter and the full year.
Stocks making the biggest moves after hours: Micron, Lululemon, RH and more
These are the stocks posting the largest moves in extended trading.
Not Chewy, maybe Cohen should spend less time on GME.Earnings matter! 2 big wins, 2 big losses:
Micron — Shares of the chip maker advanced more than 4% after hours, after the company reported financial results for its most recent quarter. Micron beat Wall Street estimates on both quarterly earnings and revenue. It also gave positive revenue and adjusted earnings guidance for its third quarter.
Lululemon — The athleisure apparel maker’s share jumped about 7% following the company’s quarterly earnings report. Lululemon reported earnings that were about 9 cents higher than analysts estimated, although it reported a revenue miss. It also announced a $1 billion stock buyback program.
RH — The home furnishings retailer saw shares decline by more than 5% following its quarterly results. While RH reported an earnings beat for the most recent quarter, it also reported revenue of $901.5 million, compared to estimates of $931.8 million. The company also announced a 3-for-1 stock split that will take place in the spring.
Chewy — The pet supply company tumbled after hours after reporting a wider than expected quarterly loss of 15 cents per share, versus the estimate of 8 cents, and a revenue miss. It also issued weak revenue guidance for the first quarter and the full year.
Stocks making the biggest moves after hours: Micron, Lululemon, RH and more
These are the stocks posting the largest moves in extended trading.
