All things STOCKS

#7,276
#7,276
Next stock I'm looking at jumping back into is probably RKT. Cruising in it's channel between $19-23 for the last few months. Should be good for an easy 15-20% from current levels with a lot of upward potential.
 
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#7,278
#7,278
I considered dipping into RKT today. Surprised that it was only 2x sales. Crazy high valuation based on earnings but they sure have been growing revenues at an impressive clip for a decades old company. Still it’s a highly competitive business and there really aren’t barriers to do what they are doing. Kind of just seems like an old industry spending a ton on advertising and transforming quickly into a model without much brick and mortar. Talked myself into throwing it back onto the watch list while waiting for the dust to settle as Harris/Biden and the GA senators settle in.
 
#7,282
#7,282
Crystal ball.
Nothing to do with politics.
We see a 15-20 % drop in the market. Assuming g the Covid situation greatly improves in the 3rd quarter. If not this year early next year.
I can't make a case for the current valuations. Can you???
Otoh, we have tiny companies with huge price swings. Hopefully some more easy money for a while.
 
#7,283
#7,283
Go aeiou said:
Crystal ball.
Nothing to do with politics.
We see a 15-20 % drop in the market. Assuming g the Covid situation greatly improves in the 3rd quarter. If not this year early next year.
I can't make a case for the current valuations. Can you???
Otoh, we have tiny companies with huge price swings. Hopefully some more easy money for a while.
Click to expand...

Easy year-over-year earnings comparisons will continue into 2023.

COVID probably improves late Q1 and certainly in Q2. It might be destroyed (not eliminated, just under control) by late Q3. Life won’t be getting back to “normal” until 2022.
 
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#7,284
#7,284
Thought the markets would’ve dropped a bit with the election news. Looks like they’re holding steady for the time being anyway. Think it’s factoring in more economic relief?
 
#7,285
#7,285
Thunder Good-Oil said:
Easy year-over-year earnings comparisons will continue into 2023.

COVID probably improves late Q1 and certainly in Q2. It might be destroyed (not eliminated, just under control) by late Q3. Life won’t be getting back to “normal” until 2022.
Click to expand...
Yeah, Covid is still a big unknown.
 
#7,287
#7,287
ndubvols said:
Thought the markets would’ve dropped a bit with the election news. Looks like they’re holding steady for the time being anyway. Think it’s factoring in more economic relief?
Click to expand...

I think some of this was already baked in. Dems taking control was already a very realistic possibility. I think we might see a run on peronsal/home defense stocks since I'm sure gun owners will be scared that there will be heavy gun regulation in the near future.
 
#7,292
#7,292
Boy, SPY took a quick dive in a hurry.

I don't get ENG. I missed the boat, and it doesn't pass the who cares test for me. Engineering firms go broke all the time. Maybe they have something unique to offer.
 
#7,293
#7,293
Firebirdparts said:
Boy, SPY took a quick dive in a hurry.

I don't get ENG. I missed the boat, and it doesn't pass the who cares test for me. Engineering firms go broke all the time. Maybe they have something unique to offer.
Click to expand...

They are starting to build hydrogen plants to limit carbon emissions.
 
#7,300
#7,300
I really gotta find some more money to throw into ABRFK with BTC so hot. This one could see a MARA like rise and it's still sub $2.00. Only issue is that Scwabb charges $50 for every transaction, so I gotta put in some serious dough to make it worth it.
 
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