The Investment Thread (3 Viewers)

[Deuuuuce]

Huge day for assets across the board. Is it time to start selling some?

 

[Turfie]

Huge day for assets across the board. Is it time to start selling some?

I wish I knew. The DOW is at all time highs and SPY is a few points from doing the same. But I see so many stocks that are still beaten to death, outside of the Magnificent Seven.

 

[Deuuuuce]

I wish I knew. The DOW is at all time highs and SPY is a few points from doing the same. But I see so many stocks that are still beaten to death, outside of the Magnificent Seven.

yeah i’m not touching the magnificent 7. There is too much value elsewhere. I read somewhere that there were margin calls for a lot of long/short hedgefunds today and that led to selling of the mag 7 to meet the margin call.

I like gold mining stocks here for a lot of reasons. I also like the medical device stocks that got beaten down because of the new weight loss drugs. The telecoms are also on my radar.

 

[Turfie]

yeah i’m not touching the magnificent 7. There is too much value elsewhere. I read somewhere that there were margin calls for a lot of long/short hedgefunds today and that led to selling of the mag 7 to meet the margin call.

I like gold mining stocks here for a lot of reasons. I also like the medical device stocks that got beaten down because of the new weight loss drugs. The telecoms are also on my radar.

I’m guilty of researching a lot of stocks and not pulling the trigger.

I like the restaurant stock Portillo’s. Its PE is around 60 and is overpriced by most metrics. But they want to keep expanding. They are a fast casual chain founded in Chicago. And a ton of people have moved away from Chicago and live in the south now. Right where Portillo’s is expanding. Whenever they launch a new restaurant they almost need police to monitor traffic. Interest rate cuts will help them better fund expansion.

Another one I like is Hanesbrand. I know they are known as cheap grandma style clothing, but they could turn things around. A few months ago an activist investor attacked them and demanded change. Then a few weeks ago he got his wish and was given 3 board seats. Hanes comes with a lot of baggage including declining revenues and piles of debt.

 

[Deuuuuce]

I’m guilty of researching a lot of stocks and not pulling the trigger.

I like the restaurant stock Portillo’s. Its PE is around 60 and is overpriced by most metrics. But they want to keep expanding. They are a fast casual chain founded in Chicago. And a ton of people have moved away from Chicago and live in the south now. Right where Portillo’s is expanding. Whenever they launch a new restaurant they almost need police to monitor traffic. Interest rate cuts will help them better fund expansion.

Another one I like is Hanesbrand. I know they are known as cheap grandma style clothing, but they could turn things around. A few months ago an activist investor attacked them and demanded change. Then a few weeks ago he got his wish and was given 3 board seats. Hanes comes with a lot of baggage including declining revenues and piles of debt.

I didn’t know portillo’s was a publically traded company. There is one not too far from where i stay. It’s usually packed.

 

[Saint_Ward]

I did a pretty significant cash raise late last spring to pay for a few big ticket items I had coming up, and my account not only made all of that back up but pretty much added the same amount again to the green - it's on fire.

Similar. It always feels good to move cash during a high and then seeing almost no net impact (sure... loss of extra growth, but still).

 

[Turfie]

Had a buy order placed at $15.00. Didn’t hit. But interesting movement at close.

Checked around and a bunch of stocks had this last second flurry. Including SPY.

 

[SaintInBucLand]

Had a buy order placed at $15.00. Didn’t hit. But interesting movement at close.

Checked around and a bunch of stocks had this last second flurry. Including SPY.

I think we will keep running higher through the rest of the year. Most of the big gains this year were on the magnificent 7 and index options, so I don't think you are going to see much loss harvesting going on as you typically see. I wouldn't be surprised to see us push into new all time highs on the SPY and QQQ as the DOW has already done so.

 

[Saint_Ward]

Japan's Nippon Steel to buy U.S. Steel in $14.9 billion deal

(Reuters) -Japan's Nippon Steel clinched a deal on Monday to buy U.S. Steel for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs and ArcellorMittal. The deal price of $55 per share represents a 142% premium to Aug. 11...

finance.yahoo.com

Pretty significant buy out.

 

[Saint_Ward]

BofA sees four rate cuts from Fed next year

"Incoming data is signaling the U.S. economy can enjoy both modest growth and disinflation simultaneously," BofA's U.S. economist Michael Gapen said. The Fed's dovish pivot at the December policy meeting further resulted in the advancement of the timing of the central bank's first rate cut...

finance.yahoo.com

We shall see...

 

[SaintInBucLand]

BofA sees four rate cuts from Fed next year

"Incoming data is signaling the U.S. economy can enjoy both modest growth and disinflation simultaneously," BofA's U.S. economist Michael Gapen said. The Fed's dovish pivot at the December policy meeting further resulted in the advancement of the timing of the central bank's first rate cut...

finance.yahoo.com

We shall see...

Wall Street has been telling what the Fed to do for a while now.

 

[Turfie]

In my swing trade account I’m selling all my memes soon. Things are getting pretty hot. But I see these patterns in GME all the time. One day I’ll be very wrong. But the vast vast majority of my GME is locked in the vault at Computershare that I won’t touch.

I’m expecting a green candle at open tomorrow then a timber moment for some memes.

 

[Saint_Ward]

https://www.investors.com/news/heico-stock-top-defense-stock-kicks-into-breakout-mode-on-earnings/?src=A00220

HEI beat estimates, again. Pre market trading up almost 3% after having a nice 7 week run.

I actually sold off about half a percent of my holdings over the last few days. Mostly incase there was a dip, I'd buy back in. In any case, they're making me a ton of money. (Just never salary...lol).

If/when they get the synergy with the Wencor acquisition and figure out all of the engineering and business logistics, I think they can be off to the races, so long as overall commercial aerospace demand stays strong.

 

[Turfie]

In my swing trade account I’m selling all my memes soon. Things are getting pretty hot. But I see these patterns in GME all the time. One day I’ll be very wrong. But the vast vast majority of my GME is locked in the vault at Computershare that I won’t touch.

I’m expecting a green candle at open tomorrow then a timber moment for some memes.

 

[Turfie]

My swing trading New Year’s resolution is to hold things a bit longer. The one I’m going to try and hold for a bit is FSR.

I got lucky in that I bought it just a couple of days ago at $1.505. Then it popped yesterday. Going to keep holding.