kevzilla
Footballguy
There's the bottom, straight up from here
I think this market needs a pep talk from Stuart Smalley sometimes. "I deserve a reasonable valuation."
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Stock Thread (20 Viewers)
- Thread starter St. Louis Bob
- Start date
I think this market needs a pep talk from Stuart Smalley sometimes. "I deserve a reasonable valuation."
General Malaise
Footballguy
There's the bottom, straight up from here
I think this market needs a pep talk from Stuart Smalley sometimes. "I deserve a reasonable valuation."
We did it?
I've rotated mostly to safety in value / blue chip names but still want to have a chunk in riskier companies. UPST and SHOP are two of those. As for UPST, I've bought three times on dips so now hold 300 hares. Just bought that last third yesterday at the close. After the prior two purchases and after any meaningful pop, I've been selling covered calls to recoup some principal and lower my cost basis. The premiums are high and with volatility, it's just a matter of time before 10% of your outlay can be recovered with an out-of-the money call. Buy them back on a pullback and, in the case of a real decline like yesterday, buy more shares. That's all in response to the recent posts about UPST. One could also trade it--mine is more of an accumulation situation.
I've treated SHOP similarly but there was a hefty pop about a month ago so 100 shares got called away. I like SHOP better that UPST as a safer play and yet also with elevated premiums. So I like selling covered calls but do not want all of my shares to be taken. Have 100 left that are uncovered but will probably sell a call against them if the share price approaches 50 again.
I've treated SHOP similarly but there was a hefty pop about a month ago so 100 shares got called away. I like SHOP better that UPST as a safer play and yet also with elevated premiums. So I like selling covered calls but do not want all of my shares to be taken. Have 100 left that are uncovered but will probably sell a call against them if the share price approaches 50 again.
KGB
Footballguy
SVB Financial Group (SIVBQ) Stock Price & News - Google Finance
Get the latest SVB Financial Group (SIVBQ) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
g.co
Currently 40 cents
Irish3
Footballguy
I personally wouldn't touch it.Maybe a buy for a lottery ticket.SVB Financial Group (SIVBQ) Stock Price & News - Google Finance
Get the latest SVB Financial Group (SIVBQ) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
Currently 40 cents
Bogart
Footballguy
Maybe a buy for a lottery ticket.SVB Financial Group (SIVBQ) Stock Price & News - Google Finance
Get the latest SVB Financial Group (SIVBQ) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
Currently 40 cents
Tried to get in on this at 0.42, but some reason my funds from last week still aren't available. Missed out on 185% uptick so far today.
KGB
Footballguy
oh dang. I totally forgot this AM tooMaybe a buy for a lottery ticket.SVB Financial Group (SIVBQ) Stock Price & News - Google Finance
Get the latest SVB Financial Group (SIVBQ) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
Currently 40 cents
Tried to get in on this at 0.42, but some reason my funds from last week still aren't available. Missed out on 185% uptick so far today.
FreeBaGeL
Footballguy
Everyone knows with these stonks you've gotta wait until they stick a Q on the end. That's when they really run.
Desert_Power
Footballguy
Even better now
Sand
Footballguy
Hoo boy. My FANG is exploding this morning, as is every other oil stock. The US ceding market dominance to OPEC is showing itself in the markets today. While it makes for a nice bump in part of the portfolio this makes me pretty bearish in the medium term and it will stoke inflation.
Capella
Footballguy
When did it explode? I’ve been red across the board all morning.
FreeBaGeL
Footballguy
FANG the stock ticker (Diamondback energy), not FAANG the acronym for tech stocks.
Capella
Footballguy
fruity pebbles
Footballguy
Withdraw, withdraw
FreeBaGeL
Footballguy
SFBayDuck
Footballguy
Agree this isn't likely to be bullish across equities as it would seem to directly add fuel to the inflation fire. But my Roth is enjoying this spike today across OKE, XOM, OXY, PEO, HESM
FreeBaGeL
Footballguy
Oil staying high is one of the (several) reasons I think inflation and high rates are going to be a lot stickier than people keep projecting.
Oil companies seem to have figured out that they can maximize short term profits with limited supply (and high prices) without damaging their long term outlook nearly as much as they'd previously feared. Because these days, when oil prices get high everyone runs to blame everyone for it EXCEPT the oil companies, and just spends all their time arguing about it rather than moving to any alternatives. They used to worry that high prices would drive people to alternative energy but I think they've realized the alternative energy movement will keep going along the same plodding pace without any impact from the price of oil.
In 2008 when oil prices got high everyone started rushing out and buying hybrids and oil companies got spooked. But this time around when oil prices are even higher the worst anyone is doing is complaining about it on facebook while they rush out to buy their new gas guzzling truck or oversized SUV.
I think there are several industries that have capitalized on this, and are able to keep higher prices than they really need to because everyone is so quick to argue about everything else that impacts those prices as the industry just keeps raising profit margins while no one bothers to notice.
Oil companies seem to have figured out that they can maximize short term profits with limited supply (and high prices) without damaging their long term outlook nearly as much as they'd previously feared. Because these days, when oil prices get high everyone runs to blame everyone for it EXCEPT the oil companies, and just spends all their time arguing about it rather than moving to any alternatives. They used to worry that high prices would drive people to alternative energy but I think they've realized the alternative energy movement will keep going along the same plodding pace without any impact from the price of oil.
In 2008 when oil prices got high everyone started rushing out and buying hybrids and oil companies got spooked. But this time around when oil prices are even higher the worst anyone is doing is complaining about it on facebook while they rush out to buy their new gas guzzling truck or oversized SUV.
I think there are several industries that have capitalized on this, and are able to keep higher prices than they really need to because everyone is so quick to argue about everything else that impacts those prices as the industry just keeps raising profit margins while no one bothers to notice.
Sand
Footballguy
So Google is cutting down on laptops, tape dispensers, and staplers in the office.
That doesn't seem to bode well.
That doesn't seem to bode well.
ConstruxBoy
Kate's Daddy
Is this like "throwing my 7 iron into the lake" from the OG thread?
ConstruxBoy
Kate's Daddy
"We just fixed.....the glitch"
Todem
Footballguy
When stocks move up on news of job cuts.....what do you think is coming down the pike? Lower earnings.
The higher this goes over the next month or 2....the bigger buffer we can have for the inevitable pull back coming this summer. Oh yes.....it’s coming. Make no mistake. This irrational thought of a Fed pivot this year is really going to backfire.
Build cash......keep building cash. Opportunity for a cheaper entry point will happen again.
Don't get me wrong...I am enjoying the rally. I mean I never ever wish the market ill will. But I know better. This is a classic bear market head fake rally and buliding cash in 4% plus money market accounts and selling covered calls is the best play right now.
Sit tight. We will have a sale soon.
And those 4.5% 2 Year T-Notes we picked up late last year below par look even better now.....that 2 year yield just went below 4%. 3.85% as of this post.
Bonds at the 7-10 year duration range to me are the biggest value in the fixed income market. That goes for both high quality Muni and Corporates. And High Yield Munis.
The higher this goes over the next month or 2....the bigger buffer we can have for the inevitable pull back coming this summer. Oh yes.....it’s coming. Make no mistake. This irrational thought of a Fed pivot this year is really going to backfire.
Build cash......keep building cash. Opportunity for a cheaper entry point will happen again.
Don't get me wrong...I am enjoying the rally. I mean I never ever wish the market ill will. But I know better. This is a classic bear market head fake rally and buliding cash in 4% plus money market accounts and selling covered calls is the best play right now.
Sit tight. We will have a sale soon.
And those 4.5% 2 Year T-Notes we picked up late last year below par look even better now.....that 2 year yield just went below 4%. 3.85% as of this post.
Bonds at the 7-10 year duration range to me are the biggest value in the fixed income market. That goes for both high quality Muni and Corporates. And High Yield Munis.
fruity pebbles
Footballguy
I honestly think they’re prepping him to be the next Cramer.
Todem
Footballguy
Makes sense......he is pretty much always wrong.
fruity pebbles
Footballguy
Can still get 5% two year FDIC insured CDs, pretty killer deal imo. Nice passive income.
KGB
Footballguy
At $,35 now. woot. Still thinking ahahahhahah
Agreed. I met him when he came to my office and spoke when I worked at Merrill Lynch. Smart guy.
Willy
Footballguy
Agree on both. Awful. I like to have CNBC on in the background so I can look at the ticker, but I usually mute it when Wapner is on.
There are a couple who are decent. I can't remember who but last week there was a politician grandstanding about the bank failures claiming they loaded up on risk to maximize profits. After they played the segment the host was like: The banks bought US treasuries. Yeah, that is a good point. US treasuries.
fruity pebbles
Footballguy
I like Mohamed El-Erian. Jeremy Siegel is a clown.
Desert_Power
Footballguy
I just mute it all day.
Todem
Footballguy
I am going to disagree with you on Dr Siegel. He may come across as kooky.......but this is a brilliant....I mean really brilliant man. When he speaks.......I listen closely. He is not always right....no one ever is. But man this guy get’s it.
El-Erian is decent and sometimes really good. But he also like everyone else has made some bad calls. It’s a tough racket lol.
Art Cashman is a gentleman of Wall Street and old school NYSE floor traders. This guy has a ton of wisdom and he is one of the gems on CNBC. He is really getting up there these days.....but he is still sharp as a tac. He has a great instinct and pulse that only comes from wisdom and street smarts and how the markets ebb and flow.
As far as host personalities I like Mike Santelli a lot. The guys is calm and rational. He get’s it. He is probably the one I respect the most.
Also David Faber is in that same ilk. Just a facts guy. The fact he has to deal with Kramer an hour a day....God bless that man.
Joe Kernen is a dumb ***.....utter dumb ***. FYI he flunked out of the Merrell Lynch training program.
Andrew Ross Sorkin is a sharp dude....but he let’s his politics color his lens of markets too much....same for Kernen (especially Kernen)
Carl Quintanilla is great. Very to the point, calm, cool and even keeled.
Becky is a doll. She simply is pleasure to listen to most of the time. No complaints. A pure host. And Warren Buffet seems to like her.....a lot (you dirty old man).
The women of CNBC:
Amamda Drury - So nice to look at.
Melissa Lee - if you listened to her.....you never owned Apple and lost a ton of money......she is awful.
Kelly Evans is a doll.
Kate Rogers is pleasant.
Kayla Tausche also....simply delightful.
And I really like Sara Eisen.
There are several more ladies of CNBC that are competent. In fact there are far more competent women on CNBC then men.....by a landslide.
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General Malaise
Footballguy
VRTX this close to a 52-week high. 
Willy
Footballguy
This is the way.
Sand
Footballguy
My favorite financial talking head.
NajehHejan
Footballguy
Odd day. Cooler than expected inflation data (only by a smidge) sends stonks north, then they give up gains and close red.
The Buffet interview this morning on CNBC was awesome. Kudos to Becky Quick, she’s a great interviewer.
The Buffet interview this morning on CNBC was awesome. Kudos to Becky Quick, she’s a great interviewer.
General Malaise
Footballguy
As a gigantic fat guy who is too poor to buy the obesity drugs the Kardashian's use, I'm more than a little intrigued by WW (Weight Watchers). Stock has been languishing and the business seems like a dinosaur, but.....they have a HUGE rolodex of members past and present and just bought a telehealth company that prescribes Ozempic prescriptions. They may have lost the customer base that needed support groups, calorie counting books but lacked discipline to stick with it and picked up a whole lotta lazy pigs like me who would prefer to drop weight the new fashioned way - modern medicine!
I don't like chasing a stock that's up 75% in a few days time, but at $7.28/share this might not be a bad way to play the obesity craze (as opposed to buying Novo Nordisk which trademarked Ozempic and Wegovy).
I don't like chasing a stock that's up 75% in a few days time, but at $7.28/share this might not be a bad way to play the obesity craze (as opposed to buying Novo Nordisk which trademarked Ozempic and Wegovy).
General Malaise
Footballguy
Dezbelief
Footballguy
SCHD is what one of my friends was high on, I haven't checked it out yet.
Edit- he was doing DRIP with it.
Todem
Footballguy
Check out DIAX/QQQX/JEPI/BXMX
All overwrite index strategies that pay outstanding yields. This is a equity hedge in that your getting high current income (do not reinvest these…let the dividend pay to cash) while owning the respective index’s (S&P 500, Dow 30 and Nasdaq 100) JEPI is a large value portfolio that they write covered calls on. These are 30 day or less expirations on all the positions in the porfolio.
So if your building a current income portfolio I would put no more than 20% total in these strategies (5% into each closed end fund) in combination with a diversified income producing portfolio.
NajehHejan
Footballguy
JEPI is super solid. I’ve owned it for a few years - ranges from 8-12% yield. I’ve also seen Totem recommend it in here. It’s actively managed, and they write covered calls as well.
kevzilla
Footballguy
The OP was looking for income, of course. If I were looking for somewhere to park the 6% of my IRA that's currently in cash, would that make reinvesting the dividends more sensible? Or perhaps cash is still king?
Todem
Footballguy
These strategies don’t really reward dividend reinvesting instead let those dividends build cash and reinvest them in other positions if you don’t “need” the cash for current income.
