All things STOCKS

#10,753
#10,753
How far will Disney fall? Already 37% below it's 365 day high. Seems like a steal given how strong of a company they are.
 
#10,755
#10,755
Thunder Good-Oil said:
$5 billion of market cap has been erased today. Worse case scenario is now reflected in the share price.
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Appears to be largely a transfer pricing dispute between how much was earned in each taxing jurisdiction. You'd think Amgen would have an army of third party economists to substantiate their transfer pricing.

Would suspect any profits earned abroad would have been subject to the transition tax as part of Trump tax reform so would expect even less of an impact than the worst case.

IRS did win in Whirlpool but the fact pattern is different.
 
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#10,756
#10,756
BigOrangeMojo said:
Appears to be largely a transfer pricing dispute between how much was earned in each taxing jurisdiction. You'd think Amgen would have an army of third party economists to substantiate their transfer pricing.

Would suspect any profits earned abroad would have been subject to the transition tax as part of Trump tax reform so would expect even less of an impact than the worst case.

IRS did win in Whirlpool but the fact pattern is different.
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A certain political party creates policies that incentivize huge companies from putting their manufacturing footprints off shore. Huge companies hire armies of lawyers to minimize their tax obligation. The US loses tax dollars. The IRS attacks the huge companies. Companies which create thousands of jobs. Thousands of job holders pay millions in income taxes. Huge companies are incentivized to continue creating non-US based jobs that create individual income tax revenue - for other countries. Governments that don’t create hostile environments for capitalism benefit in the long haul. Jobs. Capital investments. Functioning supply chains. Well off consumers.

Watch what happens if those trying to raise corporate income tax rates by a third get their agenda pushed through.
 
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#10,757
#10,757
Go aeiou said:
Why oh why doesn't doesn't Boeing fire Dave Calhoun? I bought near the bottom yesterday, but might as well flush that money down the drain if Calhoun stays in charge.
Another American company that lives in the past.
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He might be doing a poor job, but Boeing seems effed no matter who is running the company. Is there a single thing moving in their favor right now? He took over 2 months before COVID. Couldn't have had worse timing.
 
#10,761
#10,761
Intel (INTC) is finally falling after holding it’s price for a pretty long time. 9x multiple and a 3.3% plus yield and the earnings are well above the dividend payout (3x). I’ve had a buy order on for many months and INTC is finally approaching my limit price. 5/5 ex-dividend date.
 
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#10,762
#10,762
I put in a limit order for a few shares of AMZN at $2,121. Kind of hope markets reverse and it doesn’t execute. Glad to get this month and especially this week in the rear view mirror.
 
#10,764
#10,764
Netflix is off 48% month to date. Carnage. Blood in the streets. Glad I’ve only been nibbling this year instead of making huge bets. 0.1% return on cash doesn’t look so bad right now.
 
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#10,766
#10,766
Thunder Good-Oil said:
Netflix is off 48% month to date. Carnage. Blood in the streets. Glad I’ve only been nibbling this year instead of making huge bets. 0.1% return on cash doesn’t look so bad right now.
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I tried to warn you guys this time last week to get short. It's only going to intensify headed into FOMC. There is nothing holding the market up anymore.
 
#10,767
#10,767
mrorange211 said:
I tried to warn you guys this time last week to get short. It's only going to intensify headed into FOMC. There is nothing holding the market up anymore.
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Not everybody is interested in short term trades and some think it’s a bad idea to short anything, let alone already distressed equities.

A boat load of cash on the sidelines, full employment, company profits, still historically low interest rates, COVID-19 winding down, and mid-term elections are all things that can hold equity markets up.
 
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#10,770
#10,770
Thunder Good-Oil said:
Not everybody is interested in short term trades and some think it’s a bad idea to short anything, let alone already distressed equities.

A boat load of cash on the sidelines, full employment, company profits, still historically low interest rates, COVID-19 winding down, and mid-term elections are all things that can hold equity markets up.
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and yet none of it will.
 
#10,771
#10,771
Velo Vol said:
Where's the S&P bottoming at?
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I expect a bounce somewhere between 3900-4000 but we very well could extend down toward 3800 before a big relief bounce that eventually succumbs to pressure leading us to 3600 and below.

In the ST, next stop is 4056. Once that breaks, blood comes. There is nothing that can be done to stop it. You may get a bounce here and there as relief but welcome to a bear market.
 
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