OT: Stock and Investment Talk
- Thread starter RU-05
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Certainly not extreme. It dropped 20 bps in one day less then 2 weeks ago. It was up 10 bps in one day last week.
That's the current consensus. But we shall see. If the economic numbers continue to come in stronger then expected? Maybe not.
Yup, near 100% certainty. PCE is going to drop again at the end of the month, so unless the next jobs report on Sept 6th comes in with 400,000 new jobs or unemployment plummeting back under 4%, it's going to happen.
I wonder how the SVIX did this week? I sold after a few days. I know it wasn't perfect.
Up 30 something % to a scooch below $32. Off the bottom from last monday it's up 70%, Nasdaq and S&P are up 10ish% off those bottoms.
I wimped out and sold calls. Will be called away tomorrow. I made almost 20%. Could have been close to 50%.
I think buying options for the VIX itself, calls for protection(pretty cheap with high beta) in case of a vix spike, and puts when it happens, is the better play.
I am light in equities as I am retired. But I do take advantage of what looks like buying opportunities on weakness. I bought 5 stocks on 8/5, the most recent S&P low.
SNOW. Up 12.7%
SLB. Up 3.4%
CRWD. Up 17.4%
TQQQ. Up 11.4% sold too early on Tuesday
NVDA up 34.1% got it at the low that day at $91.63
SNOW. Up 12.7%
SLB. Up 3.4%
CRWD. Up 17.4%
TQQQ. Up 11.4% sold too early on Tuesday
NVDA up 34.1% got it at the low that day at $91.63
Lots of folks were thinking .50% cut. More likely .25% now. No big whoop. Already fading back down to 3.9%.
For folks that REALLY want to buy the dip. When 3x just won't cut it:
SPYU
SPYU
I agree one 25 bp cut is baked in. But market prices in much more than that and is now unwinding that trade. Market wants to see that the Fed is willing to move to neutral. Retail sales put that at risk. But one data doesn’t mean much. It’s going to be volatile for a while.
Berkshire sold its entire SNOW position per its recent 13F.
I’ve gotten burned on SNOW and slowly exiting my position. Made an impulsive purchase when the stock tanked with change of management and it’s been dropping ever since. Between bad headlines (e.g., AT&T issue) with healthy competition and behemoths owning the cloud space I can’t tell where SNOW fits. I think it could drop another 25% just as easily as it could pop 25%. Welcome any thoughts as I still own some…
Hope it’s good news because other than SNOW I took a beating on WOLF and have been hanging on waiting for a prayer. On the bright-side WOLF taught me the value of utilizing stop-losses.
WOLF closed yesterday at 13 and change. Earnings call on 8/21. No news on the CHIPs Act funding. I suspect not much movement in earnings until mid '25. JANA Partners stepping up its WOLF purchasing. Much TBD.
I'm still in on SNOW and holding for now. Little under water but not much. I like the company and their product, but the sudden CEO change was baffling (not just the change but how it was handled).
Something to think about. From the Compound crew:
"Over the past 15 years the US economy has been in a recession for just 2 months (during Covid). That's ~1% of the time. How many recession predictions have you seen in that time?"
And an update from The Man:
"Over the past 15 years the US economy has been in a recession for just 2 months (during Covid). That's ~1% of the time. How many recession predictions have you seen in that time?"
And an update from The Man:
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Wouldn’t mind if INTC turned into a meme stock lol.
markets.businessinsider.com
Intel is having a meme-stock moment. 4 retail investors explain why they're betting on the chipmaker.
Members of Reddit's WallStreetBets are exchanging Intel memes and say they've taken stakes in the chipmaker after a bad bet went viral.
markets.businessinsider.com
DeFi Technologies Inc. Announces Q2 2024 Financial Results: Achieving Its Strongest Financial Quarter to Date, Record Revenues of C$133.2 million (US$98.0 million) and $128.2 million (US$94.4 million) for the three and six months ended June 30, 2024,
Record Operating Revenues and Net Income: DeFi Technologies recorded its strongest quarter ever, achieving Total Revenues of C$133.2 million (approximately...
www.newswire.ca
Gotta keep rolling with technology. It's what makes the world go around these days.
Dan Ives right up there with Tom Lee. Friday was just an average day but expect more next week.
Tom Lee has a great chart that shows we are entering a 10-15 year period of significant labor shortage. This has happened twice before in recent history (post WW2). Each time technology becomes the driving force in the economy to increase productivity to address the worker gap. Modern tech and AI are poised to do so again. Tech will likely boom for another generation.
MSFT to $1,000.📈 If MSFT can somehow get to just 50% of online search volume then the stonk absolutely goes to the moon.🚀 As it is I like the stonk. HODLers of the world unite!💎🙌
U. of Washington added to make the BIG18TEN with MSFT headquartered nearby.
Coincidence?
There’s no such thing as a coincidence!
U. of Washington added to make the BIG18TEN with MSFT headquartered nearby.
Coincidence?
There’s no such thing as a coincidence!
Not bad lol…that’s excellent. What kind of returns are people expecting, especially if you’re not trading in options.
I’m satisfied with mid to high single digit returns on any particular trade and if better that’s a bonus to a really big bonus.
Mentioned to you it wasn’t a bad spot where you got in, not to far above possible support in the low 90s iirc. Even if it didn’t have this quick bounce back it probably would have eventually, the company is still solid. A further drop would’ve been a chance to add a little more.
I'm up almost 200% on NVDA in my personal account.
Some stocks you shouldn't trade. Long hold! :)
Across our entire portfolio, NVDA and MSFT are neck and neck for the top allocation spot. Morningstar has a great X-Ray stock holding tool that summarizes the components of all the funds and efts that are in a given account.
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New poll of economists. Makes sense:
Fed to deliver three 25 quarter-point rate cuts this year; recession unlikely: Reuters poll
Fed to deliver three 25 quarter-point rate cuts this year; recession unlikely: Reuters poll
I just bought some SAA calls. S&p600 2x leveraged
Kind of the opposite way to play the same trade.
I may jump into SAA (shares or calls). I rode UWM for a while, but the R2K is a pretty crappy index. S&P600 and a few others are better for small caps.
What expiration date did you buy?
What sectors should I be buying with the lower rates? I brought XLE energy, XLV healthcare, and XLF financials. I got plenty of Tech ETF and individual stocks.
Nice day today, great surge at the end of day.
Nice day today, great surge at the end of day.
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As per Tom Lee and FS Insights:
Tech
Small caps (including KRE and biotech.....both are very sensitive to rates)
Industrials
BTC
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