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Stock Thread (23 Viewers)
- Thread starter St. Louis Bob
- Start date
Desert_Power
Footballguy
I was arguing against it pretty strongly at some point because of the exaggerated claims being made about it's competitive advantage in the AI/ML space. They may have a bit of an advantage, but outlets like the Motley Fool and their CEO were leaving the impression banks were completely flat footed. Was just listening to Brian Moynihan this morning talking about their fairly old customer-facing AI on CNBC this AM.
There is certainly an argument that they can do this stuff better and more efficiently than these behemoth companies held back by their own red tape, regulations, and general mismanagement but I thought that story stunk.
I think it is interesting at current valuation, but it is a tough time to be a lender at these Fed rates. Actually built a small position in it at points in 2022 though and most of those lots are in the red for now. So no "I told you so" except to my real like buddy who put way too many chips in when the bubble in it was inflating.
I wish I got out sooner, but I won’t blame them, I contemplated getting out of a lot of stuff in November 2021. Pretty much everything would have been smarter! I got in way before the huge run up just wish I got more out of it.
KGB
Footballguy
Man, I was like first on this train/ I think they just pay all thier money to the head honchos or something. we shoulda had a killer trade from day 1. all those govnt contractsPalantir with their first profitable quarter!
Todem
Footballguy
PFE long term looks very attractive at these levels.
Excellent pipeline to offset the current big drugs going generic in a couple of years. Also they are working on an all in one Covid/Flu RNA vaccine targeted for 2025/2026.
Healthy reliable dividend yield here and a low forward mutliple.
It has pulled back over 15% YTD we have owned this for a long time and are adding more here.
My 18-24 month price target is around $70
Excellent pipeline to offset the current big drugs going generic in a couple of years. Also they are working on an all in one Covid/Flu RNA vaccine targeted for 2025/2026.
Healthy reliable dividend yield here and a low forward mutliple.
It has pulled back over 15% YTD we have owned this for a long time and are adding more here.
My 18-24 month price target is around $70
The Man With No Name
Footballguy
RBLX 
premarket
premarket
fruity pebbles
Footballguy
Bond market is telling us things are going to get dicey. Stock market hasn’t gotten the memo yet.
GreenNGold
Footballguy
There aren't going to be any rate cuts this year, I'm not sure why some people keep trying to price that in (unless there is a sudden and massive hard landing which is very unlikely but would also mean we are in a much worse position than expected). They might pause rake hikes, but there are probably going to be a few more quarter point hikes then probably a long pause assuming inflation actually comes back down, if it doesn't, the are going to keep hiking rates.
fruity pebbles
Footballguy
6 month over 5 now
Capella
Footballguy
Can we not lol
Ridgeback
Footballguy
I saw that too but would rather have this rate locked in for the longer duration as it won't be going into stocks. I feel I'll be in the market plenty between 401k and Roth.
FreeBaGeL
Footballguy
How do you buy these?
fruity pebbles
Footballguy
Treasury website
McBokonon
Footballguy
You can do it through most brokerages, too, and you also get access to higher rate CD’s that way. I see 1 years for 4.8-4.95 right now on Fidelity after a quick scan.
Ridgeback
Footballguy
Most major brokerages, I used Charles Schwab.
Dr. Octopus
Footballguy
Desert_Power
Footballguy
A lot of crappy companies having a great day in my portfolio.
FreeBaGeL
Footballguy
I cut all the crap for tax loss harvesting right before the new year so of course all any of it has done is run up since then.
I hate how much taxes effect stock investing decisions. First I didn't sell all the junk when it was at the top because I didn't want to pay short term capital gains on it. Then I did sell it at the bottom to at least salvage some tax loss harvesting out of them.
Desert_Power
Footballguy
I got rid of a couple of crap names but filled the rest of my loss bucket up with T and paired that position in half. With bond yields this high that dividend isn't as attractive any more.
JB Breakfast Club
Footballguy
I was <this close> to selling my SHOP at the closing bell yesterday but let it ride. Derp.
Irish3
Footballguy
Smart man, just keep holding!
Sand
Footballguy
PFE CAGR with dividends over the last 25 ears - 2.5% per year. Ooof. I love most of your picks and have a big pile in stuff like UWMC, but PFE is historically a huge dog. I'm not betting against that history.
Dr. Octopus
Footballguy
what caused the big drop today?Was almost back to green on Shopify.
Chadstroma
Footballguy
If anything should tell you that Rocket is struggling it should be that they didn't have a Superbowl commercial this year. Marketing is their lifeblood and if they are backing off of that it should tell you a lot.
Capella
Footballguy
They had a revenue beat but poor Q1 guidance. I’m buying more.what caused the big drop today?Was almost back to green on Shopify.
kevzilla
Footballguy
Desert_Power
Footballguy
Hurting my FBG Stock Contest chancesThey had a revenue beat but poor Q1 guidance. I’m buying more.what caused the big drop today?Was almost back to green on Shopify.
I did buy more.
Todem
Footballguy
My cost basis is 18.90 on this dog. I am not counting all the div reinvestment either. If you want a good trade over the next 18-24 months….don’t stare a gift horse in the mouth.
I see it heading to $70.
It’s about what you pay for it. It is down almost 20% from its highs. There is a good trade here to be had for a patient investor.
Sand
Footballguy
I sold it a while back after having it for 10+ years where it did exactly nothing. And really hasn't improved from there. I hear you on a 24 month swing trade, but this isn't one I'm sticking in the vault with my DE, AAPL, etc.
Todem
Footballguy
Understandable. Your history with it sucked. Again sometimes (and I know you know this) it comes down to when you bought it (price). I have had my own share of good stocks bought at the wrong time.
Sand
Footballguy
And with anyone's experience with PFE over the last 25 years it has been consistently the wrong time.
Harry Frogfish
Footballguy
In a complete coincidence, I ran into a friend at a restaurant last night and the guy he was sitting at the bar with worked for Rocket. I ended up digging a little, out of curiosity. Then a lot more as the conversation went on, including UWMC. While I couldn't get him to divulge specifics -- he knew what I was trying to get at -- the long and short of it was holy crap was he down on Rocket.
FWIW, I would consider this more of an endorsement of UWMC, than I would a short on Rocket, necessarily. As we know, those can really bite you if you or your timing are wrong. Although if you have the balls...
As an aside, the buddy I was with went to Michigan State, and knows all about Ishbia and Jay Farner (Rocket Exec and also a MSU guy), thus how this conversation ended up a mini-mortgage meeting, lol, and everything being said in this thread was more than endorsed. Anyway, it was a trip. Just wish the Rocket guy would've given specifics, although I guess you don't need (and sometimes don't actually want) them, depending.
Chadstroma
Footballguy
Yea, Farner isn't just an exec, he is the CEO and goes back all the way to the start with Gilbert (the original owner/founder). He is suppose to retire later this year I believe. I guess even Satan has a retirement plan.
It is all in how the companies are built and though they are both mortgage companies heavily invested in technology they are built completely differently. The end of it means that Rocket can thrive in a refi boom market. UWM can thrive in a refi boom market but dominate in a buyers market.
I would be careful in shorting Rocket. With their marketing machine and the countless relationships with other companies they have- when (not if) rates go back down, their production will go up and the stock prices will go up. They are built around hiring in a bunch of people quickly that were waiting tables and shoveling dirt the week before, which they did during the refi boom we had. They don't tend to keep people because it is very much like a boiler room type of operation but they have invested in tech to make that something they can live with. Sure, these noobs end up dropping the ball but their approach is throw as much as you can against the wall and enough will stick and for that which doesn't, just bug the heck out of the consumer with phone calls until they break and give your lies a chance. The point being, if you are going to consider Rocket, then I would do so with a bet that interest rates will rise or stay the same for the period of time you need to cover. If not, you could end up getting hurt.
Todem
Footballguy
And here I am telling you….it’s the right time again!! I also gave this one way back on the master list cheaper than it was here!!!And with anyone's experience with PFE over the last 25 years it has been consistently the wrong time.
Shula-holic
Footballguy
Yep, I picked up a 4.95% 1 year today.
ChiefD
Footballguy
Interview with Mat Ishbia on Sports Illustrated regarding his purchase of the Phoenix Suns.
Interesting guy, and I can see why @Chadstroma likes him and invests in his company. Love his dig at the owner of Rocket Mortgage at the end.
Interesting guy, and I can see why @Chadstroma likes him and invests in his company. Love his dig at the owner of Rocket Mortgage at the end.
fruity pebbles
Footballguy
Looks like the market got the memo
Chadstroma
Footballguy
If you like him here you have to hear him speak.... let me see if I can find something to link
KGB
Footballguy
In the stock contest I took greyscale. its up bigly, but If I had money today, I actually like
better.
Tomorrow, im either going COIN or SI, depending on if I want to invest or gamble.
I personally believe COIN is one of the last trustworthy onramps into crypto. and I think The big boys will use coinbase to buy in the future. although up bigly in the contest. I still feel COIN is the big winner as far as stock/crypto goes.
| COIN | Coinbase Global Inc |
Tomorrow, im either going COIN or SI, depending on if I want to invest or gamble.
I personally believe COIN is one of the last trustworthy onramps into crypto. and I think The big boys will use coinbase to buy in the future. although up bigly in the contest. I still feel COIN is the big winner as far as stock/crypto goes.
