All things STOCKS

#13,927
#13,927
Morgan Stanley is predicting a 20% correction to begin any day.

EDIT: Not on one day, but the beginning of a 20% correction. They expect SP to go to 3000-3200
 
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#13,928
#13,928
mrorange211 said:
Morgan Stanley is predicting a 20% correction to begin any day.

EDIT: Not on one day, but the beginning of a 20% correction. They expect SP to go to 3000-3200
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That kind of makes sense since the recession hasn’t necessarily begun yet. The lows should occur DURING a recession, not before it begins.
 
#13,929
#13,929
Our Celsius healthy energy drink is going wild per news headline below. Anyone know what this means? Is it a pump & dump?

Watching Celsius Holdings; Hearing Investor Business Daily Pick Stock
 
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#13,930
#13,930
Jax_Vol said:
Our Celsius healthy energy drink is going wild per news headline below. Anyone know what this means? Is it a pump & dump?

Watching Celsius Holdings; Hearing Investor Business Daily Pick Stock
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Might could be a P&D. Plus 200% from the 52-week bottom. Losing over $2/share and it’s over a $100/share stock. But they do have a new distribution deal with Pepsi which could predicate a buyout.
 
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#13,931
#13,931
Thunder Good-Oil said:
Might could be a P&D. Plus 200% from the 52-week bottom. Losing over $2/share and it’s over a $100/share stock. But they do have a new distribution deal with Pepsi which could predicate a buyout.
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Yes. I think it is a great company, stock, products. They are actually making a profit. Just took a one-time write-off last quarter which caused the -$2.14 EPS. With Pepsi putting the product all over, the young guys I work with are sucking that stuff down every morning. It is like the new coffee, but at $3/can.

However, I don't know why they would jump 8% in a day.

Looks like they're the "Stock of the Day' as recommended by Investor Business. Which appears to be a subscription service I've never heard of before.
 
#13,932
#13,932
Jax_Vol said:
Yes. I think it is a great company, stock, products. They are actually making a profit. Just took a one-time write-off last quarter which caused the -$2.14 EPS. With Pepsi putting the product all over, the young guys I work with are sucking that stuff down every morning. It is like the new coffee, but at $3/can.

However, I don't know why they would jump 8% in a day.

Looks like they're the "Stock of the Day' as recommended by Investor Business. Which appears to be a subscription service I've never heard of before.
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IBD was a big deal before the internet came along. Their’s and the Wall Street Journal were easily the top two daily print publications. IBD used to advertise on CNBC about as much as anybody. They push their technical analytics.
 
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#13,933
#13,933
Thunder Good-Oil said:
IBD was a big deal before the internet came along. Their’s and the Wall Street Journal were easily the top two daily print publications. IBD used to advertise on CNBC about as much as anybody. They push their technical analytics.
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Looks like they have serious influence. Moved CELH about 8% at one point. I sold most of mine, thinking I can get back in next week when it returns back under $100. That may have been a mistake, because I do really like the company and the product. I realize it is whitewashing, but plan to hold it long term.
 
#13,934
#13,934
Jax_Vol said:
Looks like they have serious influence. Moved CELH about 8% at one point. I sold most of mine, thinking I can get back in next week when it returns back under $100. That may have been a mistake, because I do really like the company and the product. I realize it is whitewashing, but plan to hold it long term.
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Sold mine and three other stocks so far today. Hard to justify CELH price.
Bonds are back to paying almost nothing so we might have returned to people buying almost entirely stocks.
 
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#13,936
#13,936
mrorange211 said:
I purchased some BRK-B. I figured I might as well get on that train for the next 35 years. No intention of selling.
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It might take a year or two to get moving. They have a potential tax legislation issue coming up that might hurt them in 2023 and/or 2024. I forget exactly what it was about - but it would be a BIG hit to their bottom line. Possibly minimum tax liability legislation although it seemed like it was something already passed. Maybe it will come to me a bit later.

I want to buy some but am on pause ATM. Maybe I’ll sell cash secured puts, although the premiums aren’t all that outstanding on BRK.

One of Buffett’s rules of investing is not to wait for pull backs on good stocks that have been identified. Another is that diversification isn’t needed if you know what you are doing. I’m quite diversified myself.

Another Buffett rule is to not hoard cash. Inflation is a tax on cash same as paying a percentage of profits to the IRS.
 
#13,937
#13,937
Also, Charlie Munger is 99 years old. No doubt when his time is up the stock will take a hit. How much will be highly related to whether it’s still a bear market when it happens. Warren is no spring chicken either. He’s about 92. But they have been grooming their replacements for years.
 
#13,938
#13,938
I'll certainly be shocked if there isn't some sort of buying opportunity when the two of them die. Buffett is "only" 92, but then he eats at Dairy Queen and McDonalds.
 
#13,939
#13,939
Firebirdparts said:
I'll certainly be shocked if there isn't some sort of buying opportunity when the two of them die. Buffett is "only" 92, but then he eats at Dairy Queen and McDonalds.
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Drinks five real Cokes per day. Quite amazing.

Are we thinking that we should sit on cash until we see the CPI number tomorrow morning? That could be a party pooper.
 
#13,941
#13,941
Jax_Vol said:
Drinks five real Cokes per day. Quite amazing.

Are we thinking that we should sit on cash until we see the CPI number tomorrow morning? That could be a party pooper.
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IMO, CPI will be acceptable if petro is an indicator. So logically, markets should pop at the open. But equity prices often don’t move based on what seems logical.
 
#13,942
#13,942
CPI shouldn't be that bad but at some point all of the games they played with the numbers in 21 and 22 will need to be washed through the system....
 
#13,944
#13,944
BigOrangeMojo said:
CPI shouldn't be that bad but at some point all of the games they played with the numbers in 21 and 22 will need to be washed through the system....
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Year over year must be getting easier comps. The trailing 12 month cumulative might still be high until more months from a year ago roll off. But one month only x12 may not be bad at all.
 
#13,945
#13,945
I think that any of the 11 Select Sector SPDRs by State Street are appropriate for most non-institutional investors. Low fees. S&P500 companies.

XLC
XLY
XLP
XLE
XLF
XLV
XLI
XLB
XLRE
XLK
XLU

MDY would be a good addition to a portfolio to add some mid-cap exposure.
 
#13,946
#13,946
One area that I wouldn’t want to touch right now is China. Look at what happened to Russia equities in 2022. BUT… going against the herd often works out well for big risk takers. Maybe scalp something in ST trades with volatility likely to be high, but I think after a couple of years China will not be investable.
 
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#13,947
#13,947
Thunder Good-Oil said:
JNJ. But I’m not considering/looking at where the price is ATM. Just a good, near mutual medical fund type of a stock. Or maybe UNH or CVS. Or XLV. Or ITA (defense/aerospace).
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JNJ and CVS are both down. I have never sold JNJ, just add more occasionally. Nearing a buy now.
CVS appears to want to be a one stop shop for every medical need. It might be a while before their changes pay off if ever. One of my holdings that I don't feel good about.
 
#13,948
#13,948
Go aeiou said:
JNJ and CVS are both down. I have never sold JNJ, just add more occasionally. Nearing a buy now.
CVS appears to want to be a one stop shop for every medical need. It might be a while before their changes pay off if ever. One of my holdings that I don't feel good about.
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AMZN.com could be a competitor that could do some damage to CVS. But they’ve slowed down a bit getting into all things healthcare. At one point they were teaming up with BRK to get into the employee healthcare benefits space. They stopped with their overall plan. But I can see AMZN healthcare being a big segment for them. Especially as an online pharmacist.

I’ve been breaking the rule and have held CURE for years. It has done well. XLV as well, but it’s supposed to be okay as a buy and hold security,
 
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