OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
Yeah I own it. This move down put me in the red. So I bought more today. I also bought COOK today since it was down big on Weber news and has been crushed lately. I may be over estimating chilling and grilling but both are well known brand names with huge distribution channels. Their market caps are so small now I wonder if someone like PE or Camping World would think about possible acquisition.Not a name I own or ever owned but feel like it has been brought up here in the past.
Weber shares tank as grill maker announces CEO departure amid disappointing sales
Shares of Weber tumbled after the company said CEO Chris Scherzinger is departing amid waning consumer demand.www.cnbc.com
Interesting take on Walmart and other retail companies (from the CNBC team):
- Club holding Walmart (WMT) screws up apparel again, announcing a big profit warning after the closing bell Monday. Have to ask does Walmart have a handle on things? Long a trust name, is it time to give up on these guys? What’s the real culprit? Spending too much money on food and gasoline? Or is it economic because American Express(AXP) are way up. Or is it travel because cross border and AMEX are up? Is it a change in pattern as people spend less on clothes? Did they have their clothes from two years ago? Are they buying online? All of these questions are up for grabs especially because mall clothiers are doing badly as well.
- Club holding Amazon (AMZN) is NOT a good readthrough from Walmart: 55% third party at AMZN, different assortment of merchandise.
- Club holding Costco (COST) is NOT a good readthrough. Typically not clothing and certainly not inventory heavy. Members-only concept. The stock will be down Tuesday, and it might be a chance to buy.
- Walmart terrible for all of the flotsam and jetsam clothing companies: Stitch Fix (SFIX), Gap (GPS), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Kontoor Brands (KT), Rent the Runway (RENT).
- Revolve (RVLV), a fashion retailer for Millennials and Gen-Z, double downgraded by Bank of America to sell (underperform) from buy.
- However, analysts like PVH Corporation (PVH) and Levi Strauss (LEVI).
COST is a higher end consumer and is a membership model so I think can hold up a little better.
AMZN I think is somewhat less immune as far as the retail side goes but it's also got AWS and their ad revenue has been doing better lately IIRC.
I still like WMT and just missed it when I was away back in May when everything was tanking. I'll see if the order fills this time as it has come down in range again. 90s low 100s would be next area I'd look to after 115ish.
Yea seems like low 120s for now but I’m not raising my limit order. If it comes down to me and I get it fine and if not fine.
I missed VZ in May too but I got it recently and at cheaper price than it was in May.
I don’t like to chase.
Be careful, probably not a good strategy in bull markets. You will miss out on way too many opportunities.
That's a lot of lost opportunity and also why DCA'ing always wins data analyses even against having "perfect" market timing. Too much cash just sits on the sidelines for too long. In general, the market goes up.
Long term sure and index funds are good for that. But for single stocks, I don’t chase. I DCA at certain support levels but I don’t get impatient for things that don’t come to me. If they turn and never come back so be it.
Rock solid quarter for MSFT. Well done in a tough environment (including exchange rates). Looking forward to more details via the conference call:
www.cnbc.com
Microsoft misses estimates but stock up 5% on rosy guidance
Microsoft said it would have had more revenue in the quarter were it not for unfavorable foreign-exchange rates and tougher PC and advertising markets.
Also a rock solid quarter for GOOGL! Massive headwinds, but held strong. Stock up about 2% in after hours:
www.cnbc.com
Alphabet misses on earnings and revenue for second quarter
Alphabet reported earnings after the bell. Here are the results.
Rock solid quarter for MSFT. Well done in a tough environment (including exchange rates). Looking forward to more details via the conference call:
Microsoft misses estimates but stock up 5% on rosy guidance
Microsoft said it would have had more revenue in the quarter were it not for unfavorable foreign-exchange rates and tougher PC and advertising markets.
But they missed their #s on all fronts and the stock is down 26% this year.
Better than their index/Nasdaq. MSFT continues to overperform! Great quarter. Most of the "miss" is just due to exchange rates. No big whoop.
I'm with you in that I don't think the news was good but the reaction after hours has been neutral to positive.
Maybe it can go somewhat lower but I wonder if significantly so. I've said before I think these big tech growth names go down the fastest and hardest but might find the bottom first...are we closer to finding the bottom for these kind of names. Neutral or going up on so so or bad news makes me think about it. We'll see.
edit: Grasso on FM thinks it's an oversold bounce to be sold short term but long term it's okay. Thinks it's more of a trade. I can see that as possibility too.
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You have been completely wrong on this one. Big tech is holding up better than the Daq.
Wrong? Some of these big tech names have sold off more than the S&P. 30-50% off the highs in some cases. Actually Grasso mentioned that on FM, that it's been sold off harder than the market recently. It's actually sold off harder from the highs earlier in the year too.
Now up 5% after hours, evidently guidance for rest of year was positive
+1
MSFT and GOOGL up over 4%. Great quarters, solid guidance. Why are people whining? Is it just bears being bears? :)
I’m not looking at the Nasdaq..I’m talking about the S&P which is the benchmark most people look at
I'm looking at the Daq for 2 reasons:
1. Tech vs Tech (makes sense)
2. Backs up my point 😁
These are large cap tech companies which are in the S&P 500. The Nasdaq has plenty of those bloated crazy PE companies which barely register for me as far as trading or investing.
I don’t think most investors or traders use the Nasdaq as a barometer.
QQQ/Nasdaq 100 is really what I am talking about. Same story, but better basket to compare.
Activist investor in PYPL, a name talked about here at times. I've said 70-85 area might be a place of support and for the most part through the downturn it has held that area with a slight break. PYPL up about 8% on the news.
finance.yahoo.com
Activist Investor Elliott builds stake in PayPal - Bloomberg News
Elliott may eventually become one of the PayPal's five largest shareholders, according to the report on Tuesday. The report comes after PayPal revealed earlier this year that it had initiated a strategic reduction of its global workforce, and said it expected to save about $260 million in...
Interesting news. PYPL should be the winner of the Fintech plays. They are a familiar name with a good product.Activist investor in PYPL, a name talked about here at times. I've said 70-85 area might be a place of support and for the most part through the downturn it has held that area with a slight break. PYPL up about 8% on the news.
Activist Investor Elliott builds stake in PayPal - Bloomberg News
Elliott may eventually become one of the PayPal's five largest shareholders, according to the report on Tuesday. The report comes after PayPal revealed earlier this year that it had initiated a strategic reduction of its global workforce, and said it expected to save about $260 million in...
Fed rate cuts and QE by early 2023. That's what investors/analysts are starting to predict.
Semi bill just passed the Senate:
thehill.com
Senate passes chips and science bill aimed at better competing with China
The Senate voted with a large bipartisan majority Wednesday to pass a $280 billion bill to subsidize the domestic chip manufacturing industry and provide tens of billions of dollars for scientific …
thehill.com
Fed hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation
The Federal Open Market Committee released its post-meeting statement Wednesday on what it will be doing with interest rates.
As expected, now time for the pivot!Fed hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation
The Federal Open Market Committee released its post-meeting statement Wednesday on what it will be doing with interest rates.
BOOM! Amazing quarter for QCOM:
www.cnbc.com
Also, solid report by F:
www.cnbc.com
Qualcomm sales rise 37% despite 'challenging macroeconomic environment'
Qualcomm reported third-quarter earnings after the bell on Wednesday.
Also, solid report by F:
Ford beats expectations and raises dividend as company sells more of its top models
Ford reported second-quarter results that beat Wall Street's estimates for revenue and profit.
Meta reports earnings, revenue miss and forecasts second straight quarter of declining sales
Meta's second-quarter earnings report comes after a 50% plunge in the company's stock price this year.
Not bad at all for META in these conditions. Looks like they regained their footing in this Q:Meta reports earnings, revenue miss and forecasts second straight quarter of declining sales
Meta's second-quarter earnings report comes after a 50% plunge in the company's stock price this year.
- Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv
- Revenue: $28.82 billion vs. $28.94 billion expected, according to Refinitiv
- Daily Active Users (DAUs): 1.97 billion vs 1.96 billion expected, according to StreetAccount
- Monthly Active Users (MAUs): 2.93 vs 2.94 billion expected, according to StreetAccount
Down earlier in the after hours but now about neutral. For now, similar reaction to MSFT and GOOGL yesterday.
I think that is a good sign for a bullish end to the summer (and beyond?). :)
Extended hours can often be erratic…that’s why I said for now. It’s down again but still holding about half the days gains. See how it trades tomorrow, of course overall market matters too.
Crazy week. Still got GDP tomorrow and then AMZN and AAPL after the bell. Running the gauntlet! :)
