OT: Stock and Investment Talk

[DennisHajekRC84]

CCs aren’t just a convenience to the customer - it’s drives the merchant’s entire business. In that regard, are you saying the merchant isn’t supposed to pay anything for guaranteed customer payment and the ability to accept something other than cash? If the customer can’t pay, it’s the CCs that bear the risk. The CC company doesn’t go to Luigi’s Pizza and say I need that $21 back for the pizza that your customer can’t afford this month. So why do you think a merchant should be passing along their transaction fee to customers? Not to mention when the local merchants actually get cash watch if it actually goes in the register or the owners pocket.

The CC Company's risk is covered by all the 20-25% interest rate fees they charge.
If it were 1-1.5% I'd think cheap and totally agree. When it doubles that I don't. Perhaps if they just split it down the middle vs. going all-in on recouping them. Then folks would be saying they're cheap for charging 1-1.5% for the card. Just eat it.

Speaking of cash. Do you tip in cash and reduce that by the 20-25% because the sever likely gets it tax free or close? Do you think all these other merchants don't already have these fees in their costs?

Like I said I'm getting 4% back and a net benefiter across all establishments so I don't care. People can always pay with cash and forego the expense and cashback benefits.

To each their own. No doubt dining out has gotten really costly. I don't disagree with that.

 

[rutgersdave]

The CC Company's risk is covered by all the 20-25% interest rate fees they charge.
If it were 1-1.5% I'd think cheap and totally agree. When it doubles that I don't. Perhaps if they just split it down the middle vs. going all-in on recouping them. Then folks would be saying they're cheap for charging 1-1.5% for the card. Just eat it.

Speaking of cash. Do you tip in cash and reduce that by the 20-25% because the sever likely gets it tax free or close? Do you think all these other merchants don't already have these fees in their costs?

Like I said I'm getting 4% back and a net benefiter across all establishments so I don't care. People can always pay with cash and forego the expense and cashback benefits.

To each their own. No doubt dining out has gotten really costly. I don't disagree with that.

There are restaurants that we visit that we pay cash and they take the sales tax off the bill. I guess I did this was a contractor or two.

 

[RU-05]

Would like to buy MP. Nice P/E on a TTM at 16.69x, 2023 earnings are expected to be down, but then grow nicely after that. And thus far, it's 10 for 10 on beats.

Problem is the one year chart is terrible. Series of lower lows and lower highs.

 

[T2Kplus20]

Would like to buy MP. Nice P/E on a TTM at 16.69x, 2023 earnings are expected to be down, but then grow nicely after that. And thus far, it's 10 for 10 on beats.

Problem is the one year chart is terrible. Series of lower lows and lower highs.

If you think it's a good company, sooner or later you just need to start buying. I own MP as part of my custom ETF. I'm buying a little bit every 2 weeks. I also believe LAC and ALB are great buys now.

 

[RUAldo]

Speaking of cash. Do you tip in cash and reduce that by the 20-25% because the sever likely gets it tax free or close? Do you think all these other merchants don't already have these fees in their costs?

I’ve had merchants lately see the cash in my wallet when I reach for the credit card and actually ask me to pay with cash to avoid the 3%. Then when I say “no thanks” they seem disappointed. Obviously, cash helps them cheat the tax man.

 

[RUAldo]

An owner stealing from the register? Aside from skirting the tax man, he's not really stealing, it's his register.

It’s a tax play plain and simple.

 

[RU-05]

I’ve had merchants lately see the cash in my wallet when I reach for the credit card and actually ask me to pay with cash to avoid the 3%. Then when I say “no thanks” they seem disappointed. Obviously, cash helps them cheat the tax man.

I dunno how much of this thread we want to devote to small merchants cheating the tax man.

 

[RUAldo]

AI has a very clear use. Pretty clearly this can do the work of people, which may not be great for workers, but would lower costs of companies pretty considerably

AI is totally legit but it’s not new. ChatGPT got the media’s attention and companies piled on to ride the “me too” wave and juice stock prices. In the end, AI will be little more than a tech commodity. I’m not even convinced there will be true winners (like Google is with search) unless some company’s integration, coding, etc. kills the competition. Not long ago robotic process automation (RPM = software robotics NOT robotics software) along with machine learning was supposed to change the world but it didn’t have an application like ChatGPT that consumers and mainstream media could go bonkers over.

 

[Morrischiano]

On the MRKT Call blog, Guy Adami was speaking about bulls and bears looking at the same chart( I think it was the S&P, though it may have been retail or a specific retailer) and seeing different things.

TGT's chart is a pretty good example of what he was talking about. It is stuck in a range for the past year. Now is that, as the bears may see it, a stock stuck in the mud? Or as the bulls may see it, a stock building a base?

I think they might both be right, and it's really a matter of timeframe(I think Carter Worth was making this point in his rebuttal) . The likes of TGT, may continue sideways for awhiles longer, but eventually, and this may be another year or more, it should do well taking off from this base.

I think TGT is building a base. Their earnings are encouraging. I was expecting there would be a trade down from TGT to WMT and lower top line, due to inflationary pressures on consumers, but apparently the American consumer is just YOLO mindset.

 

[Morrischiano]

AI is totally legit but it’s not new. ChatGPT got the media’s attention and companies piled on to ride the “me too” wave and juice stock prices. In the end, AI will be little more than a tech commodity. I’m not even convinced there will be true winners (like Google is with search) unless some company’s integration, coding, etc. kills the competition. Not long ago robotic process automation (RPM = software robotics NOT robotics software) along with machine learning was supposed to change the world but it didn’t have an application like ChatGPT that consumers and mainstream media could go bonkers over.

I think AI is going to be hugely disruptive- with the surplus of economic benefit going to corporations. It will eliminate certain jobs: statisticians, accountants, paralegals, customer service rep, business analysts. Those jobs will be gone or 90% automated within 5 years, for the benefit of a business (GEICO or HR Block is not going to charge you any less).

Think of one of the biggest disruptor in this century. Amazon is credited with destroying about 900,000 jobs in retail and has created about 600,000. The consumer did see a surplus benefit of quick shop from home experience. AI will be much worse.

I don’t think AI is going to provide a Net economic benefit to American consumers ( outside of lazy HS students who don’t want to write a history paper).

 

[Rutgers Chris]

I think AI is going to be hugely disruptive- with the surplus of economic benefit going to corporations. It will eliminate certain jobs: statisticians, accountants, paralegals, customer service rep, business analysts. Those jobs will be gone or 90% automated within 5 years, for the benefit of a business (GEICO or HR Block is not going to charge you any less).

Think of one of the biggest disruptor in this century. Amazon is credited with destroying about 900,000 jobs in retail and has created about 600,000. The consumer did see a surplus benefit of quick shop from home experience. AI will be much worse.

I don’t think AI is going to provide a Net economic benefit to American consumers ( outside of lazy HS students who don’t want to write a history paper).

I listened to a podcast on this that agreed with most of what you said. They discussed it in terms of inflation and how AI will increase productivity/supply which can bring down prices. I dropped out of freshman macro but I believe that is correct.

 

[T2Kplus20]

Leaders of the new economy:

 

[RUBlackout]

I listened to a podcast on this that agreed with most of what you said. They discussed it in terms of inflation and how AI will increase productivity/supply which can bring down prices. I dropped out of freshman macro but I believe that is correct.

Quantum computing and AI will disrupt many things but most importantly jobs

 

[RU-05]

Leaders of the new economy:

View embedded media

NVDA is the new IBM?

 

[T2Kplus20]

NVDA is the new IBM?

More like the new AAPL or MSFT.

 

[ashokan]

AI is totally legit but it’s not new. ChatGPT got the media’s attention and companies piled on to ride the “me too” wave and juice stock prices. In the end, AI will be little more than a tech commodity. I’m not even convinced there will be true winners (like Google is with search) unless some company’s integration, coding, etc. kills the competition. Not long ago robotic process automation (RPM = software robotics NOT robotics software) along with machine learning was supposed to change the world but it didn’t have an application like ChatGPT that consumers and mainstream media could go bonkers over.

Indeed - think "AI" will be accurately predicting the weather soon?
No.

Its being designed/implemented by the same wokesters and kooks trying to subvert/warp everything.
That's the reason they are whipping it out now and not because its progressed to become some major arbiter of truth , justice and the golden path (which is what they want people to think).

There is no "quantum computing" yet either but its often implied that there is.
Anyone losing a job to this mess wasn't very productive to start out

 

[DennisHajekRC84]

I’ve had merchants lately see the cash in my wallet when I reach for the credit card and actually ask me to pay with cash to avoid the 3%. Then when I say “no thanks” they seem disappointed. Obviously, cash helps them cheat the tax man.

oh, I'm sure that example likely is ..

 

[Postman_1]

Beat for Walmart

Walmart raises full-year guidance, as earnings beat on boost from grocery and online businesses

The discounter's report comes after Home Depot and Target reported weaker sales trends.

www.cnbc.com

 

[T2Kplus20]

Beat for Walmart

Walmart raises full-year guidance, as earnings beat on boost from grocery and online businesses

The discounter's report comes after Home Depot and Target reported weaker sales trends.

www.cnbc.com

Yes, very strong quarter and future outlook. Retail is holding up well.

 

[Morrischiano]

Dallas Fed President Logan says current data doesn't justify pausing rate hikes yet

The Dallas Fed president said the central bank still has work to do in achieving its goal for price stability.

www.cnbc.com

Rate hike still on the table for the FED

 

[ruteelrice]

AMD or NVDA?

 

[T2Kplus20]

Dallas Fed President Logan says current data doesn't justify pausing rate hikes yet

The Dallas Fed president said the central bank still has work to do in achieving its goal for price stability.

www.cnbc.com

Rate hike still on the table for the FED

LOL! Grasping at straws. Time to move on.

 

[T2Kplus20]

AMD or NVDA?

NVDA #1 ; AMD is a good buy as well. Build positions in both.

 

[RU-05]

So does the AI hype redirect moneys away from crypto and towards AI related equities?

 

[rurahrah000]

SNOW seems to be primed for a run. Technicals look very good. Next week is earnings. I am looking for it to get to the ~$200-205 level in the next few weeks. Option prices are elevated so good time to sell out of the money calls as well.

 

[T2Kplus20]

So does the AI hype redirect moneys away from crypto and towards AI related equities?

Perhaps. Not typical to see the Daq/tech up but crypto down.

 

[Knight Owl]

 

[Morrischiano]

SNOW seems to be primed for a run. Technicals look very good. Next week is earnings. I am looking for it to get to the ~$200-205 level in the next few weeks. Option prices are elevated so good time to sell out of the money calls as well.

Will take a look. Thanks

 

[Knight Owl]

 

[rurahrah000]

Swaps? :)

Speaking of leveraged ETFs, I'm currently up 45.43% with LABU. I think I should raise the bar of my stop loss. Right now it is set to $4. Also, I started my TQQQ position just about 1 year ago. Up about 30%. TQQQ has been tracking very accurately. So far so good!

Swaps use the derivative market ie options and futures. So indirectly, you are quite vested in the derivative market.

 

[T2Kplus20]

View embedded media

TA is 100% voodoo. However, it can work from time to time since so many people think it works. LOL!

 

[T2Kplus20]

Swaps use the derivative market ie options and futures. So indirectly, you are quite vested in the derivative market.

Learn something new everyday! :)

I was thinking about doing something cute. The only lot of TQQQ shares I have over $30 is at $30.70. If I sell these shares now and rebuy around $25, I can get my CB below $20. Worth the effort or overthinking? My currently plan is to hold TQQQ until the Daq-100 hits the old ATH. Which only takes patience, no skill.

 

[Rutgers Chris]

SNOW seems to be primed for a run. Technicals look very good. Next week is earnings. I am looking for it to get to the ~$200-205 level in the next few weeks. Option prices are elevated so good time to sell out of the money calls as well.

I’d be ok with this. I made my kids some money investing in Tesla a few years ago. Rolled some of it into Snow at 140 last year. They are a growth stock darling .

 

[rurahrah000]

Learn something new everyday! :)

I was thinking about doing something cute. The only lot of TQQQ shares I have over $30 is at $30.70. If I sell these shares now and rebuy around $25, I can get my CB below $20. Worth the effort or overthinking? My currently plan is to hold TQQQ until the Daq-100 hits the old ATH. Which only takes patience, no skill.

You don't need my help. Your claims of making the perfect trades at all times makes you a genius of the trader. You should be helping the rest of us. Please let us know when you buy and sell these highly volatile securities so we can all make millions as well. By the way, are you still in LABU?

 

[rutgersguy1]

Curious to see what price point they launch at when it happens. I’d assume it still will be partially ad supported.

Under project 'Flagship,' ESPN preparing to move toward streaming service, per report

ESPN is preparing to sell its flagship channel directly to cable cord-cutters as a subscription-streaming service.

www.usatoday.com

Also:

Disney is removing over 50 shows and movies from Disney+ and Hulu. Here is everything leaving the streaming platforms.

Disney CFO Christine McCarthy said the company is removing shows and movies from Disney+ and Hulu to be "strategic" with "content creation."

news.yahoo.com

 

[Knight Owl]

TA is 100% voodoo. However, it can work from time to time since so many people think it works. LOL!

I laughed so hard at that vid. The kids on Reddit are hilarious. Yeah, I’m not sure how one accounts for impacts like AI using just technical analysis.🤔🤷‍♂️ (although I’m not against the act of doing the charts as they do provide contextual info on the stock price history).
MSFT has me in a good mood lately…just don’t ask me about my preferred stock etf which seems to be endlessly reaching for a bottom.

 

[T2Kplus20]

You don't need my help. Your claims of making the perfect trades at all times makes you a genius of the trader. You should be helping the rest of us. Please let us know when you buy and sell these highly volatile securities so we can all make millions as well. By the way, are you still in LABU?

Yes, still in LABU and CURE at cited prices. Healthcare and small caps are looking poised for a big run. I’ll post when I sell or buy more so you don’t yell at me. LOL!

 

[Morrischiano]

SNOW seems to be primed for a run. Technicals look very good. Next week is earnings. I am looking for it to get to the ~$200-205 level in the next few weeks. Option prices are elevated so good time to sell out of the money calls as well.

GTC order for SNOW in at 173 ( looks like a support level). Thanks for the trade idea.

 

[rutgersguy1]

Fed Chair Powell says rates may not have to rise as much as expected to curb inflation

Powell spoke Friday at a "Perspectives on Monetary Policy" panel in Washington, D.C.

www.cnbc.com

 

[T2Kplus20]

Fed Chair Powell says rates may not have to rise as much as expected to curb inflation

Powell spoke Friday at a "Perspectives on Monetary Policy" panel in Washington, D.C.

www.cnbc.com

Haven't listened to his comments yet, but whatever he said, the market replied with a "meh".