Jobber
Footballguy
About damn time. A lot of our infrastructure is in poor shape and needs to be addressed. This is a good time to do it as it'll also provide jobs when we need them.
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Stock Thread (24 Viewers)
- Thread starter St. Louis Bob
- Start date
-OZ-
Footballguy
A few companies I like long term are decent buys now, but I was all set to buy PLAY, BLMN, DAL, MGM, BUD and DIS if any were falling.
-OZ-
Footballguy
Maybe I'm misremembering, but didn't Obama want to invest in high speed rail, roads, etc? That might not be what Trump means.
I mean that the 30-35% drop was in between contributions. My company’s pretty quick with 401k contributions so my last one went in at S&P 500 of 2700 and today’s will go in somewhere in the 2600s. In between the two we hit 2191. So while at a discount, that huge dip was between contributions.
beef
Footballguy
A new bill is needed since the FAST Act expires 9/30/20. These bills just allow fed aid to states. This really isn't anything totally new, more like a continuations under a new bill with the possibility of new earmarks and special purpose fed funds.
sporthenry
Footballguy
I assume a lot of it will be roads, bridges, etc. It is just another form of fiscal stimulus but it makes sense. We need fiscal stimulus and we need to rebuild our infrastructure so win-win. Infrastructure stocks getting a bid but when you do invest, probably a decent place to look instead of the pure homebuilders and the like.
Todem
Footballguy
I want to see 4-5% down days. Sell off’s. I will buy on big dips. If they don’t happen this week or next......we wait. No reason to rush in with the last bit of powder (cash) I have left.
Even if I deploy the rest on a couple of down days like that.....and we end up going even lower in the next month or two......I am not sweating it. Timing bottoms is impossible. I was able to get half of it in between the 16th, 18th and 23rd. So trying to wait till that bottom whatever it is....fools game. Buy on big dips and long term it won’t matter. It will all be good.
beef
Footballguy
The primary purpose of this bill is not fiscal stimulus. It's a bill that allows the funds from the federal gas tax to be distributed to states along with additional funds (gas tax does not generate enough to fully fund the bill).
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fantasycurse42
Footballguy Jr.
So Carnival is raising $6B in debt, their market cap is currently about $9B.
Bob Sacamano
Footballguy
I would assume in the high $2s getting listed would be a priority for CYDY.
Harris
Footballguy
caustic
Footballguy
beef
Footballguy
Probably better for the PSF to discuss this. But from a stock market point of view I would NOT expect WS to react heavily on a new Roads & Infrastructure bill. Just my opinion, but one was going to happen regardless of CV/recession fears since the current one expires at the end of 2020 fiscal year. If a new bill isn't signed, I'd expect the current FAST Act to be extended like prior transportation acts were as new ones were hammered out Also something to keep in mind is that these trillion dollar transportation bills are distributed over 4-5 years to states so it's not an immediate influx to the economy.
Todem
Footballguy
Talk about high yield bonds!!!
However in two years they will be worth far more than 9B. That is the one cruise stock I have in my crosshairs for a massive turnaround play in 18-24 months. People will absolutely go back cruising as soon as we get an all clear/vaccine etc. The industry is dead in the water right now (pun intended) but IMO CCL will be a survivor and thrive on the recovery.
Cruiselines are not only hated right now....they are being vilified as anti american companies blah blah blah. This is when you look at taking a shot.....all of them down 75% plus from the highs.
CCL for the money. I will post here when I take a position in it.
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Harris
Footballguy
I don't disagree with this at all but all of this gambling is a matter of personal comfort. If you're at the blackjack table do you walk away when you've doubled your buy-in? Or are you going 10x or bust? Completely depends on why you're investing and what you want to get out of it in the end for a particular security or your portfolio.
sporthenry
Footballguy
The death knell for AMC will be when DIS starts going straight to consumer. They're the only one propping up the theaters. FOXA was talking about reducing the theatrical window before DIS acquired them. Maybe the pain of the park shutdown coupled with a new CEO changes their tune on it.
This is an industry that could also have some permanent damage. People like going to movies but could a decent % of people realize that maybe they like the buy the movie at home instead of going to the movies? I have no idea how much of the BO take goes to the studios but maybe they can make more with the $20 or even $29 for blockbusters during the movie window. Then maybe you give people an option to “buy” it cheaper if you already saw the movie release version. No idea but it would combat piracy pretty well. Who’s going to do that when they are saving money going to the movies at home.
ConstruxBoy
Kate's Daddy
Todem
Footballguy
I think I go to the movies maybe 5-7 times a year. So that industry for me has been passed over by staying at home and watching from the comfort of my couch. The theater business was already on thin ice.
I think they will survive......but I can easily see heavy consolidation with locally owned theaters going under fast. Smaller theater operators will be gobbled up potentially by the likes fo AMC or Regal.
Todem
Footballguy
BTW another guy who is very knowledgeable and appears on CNBC often is Brian Belski from BMO Capitol. I had a chance to work and converse with him often back in 2010-2012 when I was at a smaller regional firm for 4 years and he was our head equity strategist. He is a very smart guy. A strong stock picker. We have very similar views and philosophies.
When he speaks.....you all should listen to him. Fellow Gen X’er.
When he speaks.....you all should listen to him. Fellow Gen X’er.
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ConstruxBoy
Kate's Daddy
Big League Chew
Footballguy
grabbed CCL for 12 yesterday, if it goes to 10 i buy moar
Bob Sacamano
Footballguy
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-OZ-
Footballguy
Dang, that's a long time.
Yep.
Last non Disney movie I saw in the theater... I actually don't remember. Edit: Dunkirk.. Before that, don't remember.
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ConstruxBoy
Kate's Daddy
Jobber
Footballguy
Yep. For a new release, I'm going to a movie theater every time. Especially for a nut-rumbling experience like Star Wars, Marvel, 1917, and the like. If Disney just goes straight to video/streaming, I'll still go to the theater to see it. And if they avoid theater release altogether (they won't), I'll use the Cinema app.
-OZ-
Footballguy
Probably. Same probably applies for many movies. But frankly, I don't watch many movies even on Redbox or Netflix. Still haven't seen many that came out in the last few years unless it's Disney or Universal (illumination studio). I just watched Hobbs and Shaw last week because HBO was free for a few days.
Todem
Footballguy
TripItUp
Footballguy
cosjobs
Footballguy
Its kind of counter-intuitive with all the new virus news, but I think LABD (Nasdaq Biotechs 3x Inverse) is time to cycle through again and its up 4% today
-OZ-
Footballguy
10% of my Roth IRA is in FIVG (ETF). I see it more as a long term play than quick profit.
eaganwildcats
Footballguy
This is perhaps a question for Chet but also perhaps for others more in touch with the biotech space - let's say Leronlimab proves successful in at least reducing mortality for Covid - how would that get monetized in this environment? I generally think the answer initially (at least for stock price) is "it doesn't matter" - but eventually it likely would.
Bob Sacamano
Footballguy
Al Czervik
Not wearing pants
cosjobs
Footballguy
ETA - I am not a pro and a stock like this can remove wealth at least as quickly as it can add it. Use caution and it is NOT a long term hold.
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cosjobs
Footballguy
fantasycurse42
Footballguy Jr.
Bob Sacamano
Footballguy
fantasycurse42
Footballguy Jr.
cosjobs
Footballguy
chet
Footballguy
10 patients with severe cases of COVID-19 have been injected with leronlimab under an emergency use designation granted by the FDA. They were treated sequentially as the FDA was apparently only authorizing use after the last patient had responded. CYDY released day 3 results for patients 1-4 which showed a marked improvement in the immune system of all 4. Additionally, 2 of the 4 were taken off of ventilators and removed from the ICU. Similar tests for patients 5-7 are being run now and results will probably be released this week. Next week for patients 8-10.
The FDA asked CYDY to amend its emergency use application to compassionate use so other hospitals could apply for use with less administrative burden. The FDA also asked CYDY to apply for a phase 2/3 study for severe cases because no other drugs were purporting to have an effective treatment for severe cases. This morning CYDY announced that the FDA had approved its application for a phase 2 study on 75 mild-moderate cases and that it will commence at 10 hospitals ASAP.
If CYDY can show it can successfully treat patients in the ICU, the medical world will take note very quickly. ICU patients are the sickest and hardest to treat. Anecdotal, but yesterday I read a tweet written by a former ICU healthcare worker which helped me realize the above.
Binky The Doormat
Footballguy
one perspective:
Jurrien Timmer
@TimmerFidelity
1h
A moment of truth for #stocks: If a fresh wave of selling at month’s end doesn’t push the #market down with the same energy as before, it could be a sign of exhaustion. Bear market rallies start strong & end weak while #bullmarket rallies keep grinding higher, slowly but surely.
Jurrien Timmer
@TimmerFidelity
1h
A moment of truth for #stocks: If a fresh wave of selling at month’s end doesn’t push the #market down with the same energy as before, it could be a sign of exhaustion. Bear market rallies start strong & end weak while #bullmarket rallies keep grinding higher, slowly but surely.
