All things STOCKS

#16,751
#16,751
YTD big winners selling off today while losers are getting bid up. It’s convoluted tax loss harvesting. Algorithm trading must be driving the opposite to normal activity.

Might be a good time to pick up shares of good companies with bright prospects.
 
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#16,752
#16,752
Broadcom (AVGO) is doing  really well (up ~24+% at the moment) today. What's odd is the earnings report only shows a beat of $0.04. I did read about the optimism surrounding their deployment of a bunch of AI XPUs in the near future, but I can't help but wonder if/when the AI upswing will come back to Earth somewhat.
 
#16,753
#16,753
ACHR and JOBY probably both good plays going forward.

Archer is already partnered with airlines to shuttle passengers to the terminal beginning next year. And there was news to us week of a massive DoD contract potentially.

I want to say JOBY got a big investment from Toyota.
 
#16,755
#16,755
Have any of you guys bought any quantum computing stocks? IONQ, QBTS, QUBT andd RGTI have all been on fire over the last 3 months. The entire sector is up big.
 
#16,758
#16,758
I bought a small amount of MOBX awhile back as a bit of a gamble. Just sold it today for a nice 30% gain. Hoping it falls back around the dollar mark again and I'll buy a few hundred more shares. It's a stock with a lot of potential but a lot of risk as small fish in really big pond.
 
#16,759
#16,759
Vol423 said:
Have any of you guys bought any quantum computing stocks? IONQ, QBTS, QUBT andd RGTI have all been on fire over the last 3 months. The entire sector is up big.
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I sold some shares of D-Wave Quantum Inc. (QBTS) this afternoon that I bought last Thursday afternoon and pocketed a 60% gain. I'm also sitting on a 420% unrealized gain on IONQ Inc. shares that I purchased in early July.
 
#16,761
#16,761
tbh said:
Broadcom (AVGO) is doing  really well (up ~24+% at the moment) today. What's odd is the earnings report only shows a beat of $0.04. I did read about the optimism surrounding their deployment of a bunch of AI XPUs in the near future, but I can't help but wonder if/when the AI upswing will come back to Earth somewhat.
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CLS is one to watch as well there. They’re kind of tied to the success of AVGO. Another area you might consider is energy as well. We’re going to have to eventually figure out how to power these datacenters why some big tech guys are looking at SMR technology.
 
#16,762
#16,762
Watch INTC a lot of bad news, crappy performance but feel like they’ve hit bottom. Sounds like they have a CEO in mind now. Could see a decent bounce there.
 
#16,763
#16,763
just bob said:
What's up with Tesla? It'll come crashing soon, but daaaaaaaaamn what a run.
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It’s overvalued right now but Optimus robots and automation component of it if they get it right will make it fly. Personally I’m not chasing but if they fall on some bad news I would look at possibly buying.
 
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#16,764
#16,764
DaddyChad said:
It’s overvalued right now but Optimus robots and automation component of it if they get it right will make it fly. Personally I’m not chasing but if they fall on some bad news I would look at possibly buying.
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I got in decent months ago at around $190 average. I want to sell, but dang.
 
#16,765
#16,765
I don’t actively trade myself, but do any of you (MUCH smarter than me) stock gurus have any idea why I might’ve taken such a hit in my IRA today? Like $21,000 🤢
 
#16,766
#16,766
Orangepantsforever said:
I don’t actively trade myself, but do any of you (MUCH smarter than me) stock gurus have any idea why I might’ve taken such a hit in my IRA today? Like $21,000 🤢
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If you have $10m in IRA, that wasn't too bad of day. :cool:

Which company and do you know name of mutual fund(s)?

Sometimes in mid-December, the Vanguard funds will do some variation of a split. So, rather than hold 100 shares at $100/share, you will have 200 shares at $50. And that takes 24-48 hours for math to catch up...in the old days.

Disclaimer: I haven't even looked to see what the market did today
 
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#16,767
#16,767
Jax_Vol said:
If you have $10m in IRA, that wasn't too bad of day. :cool:

Which company and do you know name of mutual fund(s)?

Sometimes in mid-December, the Vanguard funds will do some variation of a split. So, rather than hold 100 shares at $100/share, you will have 200 shares at $50. And that takes 24-48 hours for math to catch up...in the old days.

Disclaimer: I haven't even looked to see what the market did today
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Had $417,000 before today. $396,000. All of the major indexes were fair. Nothing that stood out. Capital Group holds it. Simple IRA. I’m ignorant beyond that.
 
#16,768
#16,768
Orangepantsforever said:
I don’t actively trade myself, but do any of you (MUCH smarter than me) stock gurus have any idea why I might’ve taken such a hit in my IRA today? Like $21,000 🤢
Click to expand...

Capital gain distributions. Your share count will increase (takes 24-48 hrs to show up)....
 
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#16,770
#16,770
Orangepantsforever said:
I don’t actively trade myself, but do any of you (MUCH smarter than me) stock gurus have any idea why I might’ve taken such a hit in my IRA today? Like $21,000 🤢
Click to expand...

Energy took the biggest hit today of the 11x S&P sectors. Followed by health care, materials, and utilities.

It’s also around the height of tax loss selling season right now. At least for the programmed robo trading that’s trying to get ahead of the year end deadline.

Funds and money managers might be selling winners as well to lock in gains to promote the returns for their brands.

Sometimes daily reporting can get kind of wonky with traditional mutual funds that are distributing capital gains and dividends on their holdings. The fund shares might reflect the decreases in their prices while the cash might not hit accounts for a day or two. But I think most of that happens in November.

Many equities popped significantly right after the election. They could be giving up those gains as the year winds down.

There’s an FOMC interest rate decision coming at 2pm on Wednesday. This might be a big announcement as far as short term share prices are concerned. The 2024 anticipated cuts haven’t been hitting the mark. I haven’t been watching what’s expected this time. Anything other than a cut might be spooking the broader markets.

It also doesn’t help sentiment that it appears that the Dems have an agenda of doing what ever they can to make DJT fail. Selling the border wall materials for fractions of cents on the dollar is deranged. They’re also trying to wreck the POTUS-elect choices for his cabinet. It’s pathetic that both sides can’t put their country ahead of their party.

Averages are hitting higher highs, but the Mag 7 has been carrying them. Those shares might be getting sold and a rotation to more traditional companies has possibly paused.

Also, as far as taxes go, there’s a chance that Trump’s cuts will expire and some sellers could be locking in under the current rules. Although I think if the cuts expire instead of being extended, it might be after the 2025 tax year.
 
#16,772
#16,772
Jax_Vol said:
Yes!!! There is the answer.

But yeah, if you dropped 5% today, just give it a couple of days. I have freaked out before in mid-December...all for naught.

Congrats on the savings! Very
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Thunder Good-Oil said:
Energy took the biggest hit today of the 11x S&P sectors. Followed by health care, materials, and utilities.

It’s also around the height of tax loss selling season right now. At least for the programmed robo trading that’s trying to get ahead of the year end deadline.

Funds and money managers might be selling winners as well to lock in gains to promote the returns for their brands.

Sometimes daily reporting can get kind of wonky with traditional mutual funds that are distributing capital gains and dividends on their holdings. The fund shares might reflect the decreases in their prices while the cash might not hit accounts for a day or two. But I think most of that happens in November.

Many equities popped significantly right after the election. They could be giving up those gains as the year winds down.

There’s an FOMC interest rate decision coming at 2pm on Wednesday. This might be a big announcement as far as short term share prices are concerned. The 2024 anticipated cuts haven’t been hitting the mark. I haven’t been watching what’s expected this time. Anything other than a cut might be spooking the broader markets.

It also doesn’t help sentiment that it appears that the Dems have an agenda of doing what ever they can to make DJT fail. Selling the border wall materials for fractions of cents on the dollar is deranged. They’re also trying to wreck the POTUS-elect choices for his cabinet. It’s pathetic that both sides can’t put their country ahead of their party.

Averages are hitting higher highs, but the Mag 7 has been carrying them. Those shares might be getting sold and a rotation to more traditional companies has possibly paused.

Also, as far as taxes go, there’s a chance that Trump’s cuts will expire and some sellers could be locking in under the current rules. Although I think if the cuts expire instead of being extended, it might be after the 2025 tax year.
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Thanks. Hopefully it’s just a hiccup. Caught me off guard, with such a huge hit.
 
#16,773
#16,773
The Google AI says this:

Here are some mutual funds that have recently distributed capital gains or are expected to do so:

Vanguard Target Retirement 2025 Fund: This fund is expected to distribute 4.29% in capital gains, which is higher than Vanguard's rate last year.

Alger Capital Appreciation: This fund is expected to make a large distribution in mid-December.
Vanguard Balanced Index Fund Admiral Shares: This fund has a reinvestment date of December 20, 2023.

Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares: This fund has a reinvestment date of December 29, 2023.

Mutual funds are required to distribute any capital gains and dividends earned on their holdings over the previous year. These distributions are taxable income, even if the money is reinvested in the fund.

Some investments are more likely to pay out taxable gains than others, and are therefore less tax-efficient. These include:

High-turnover actively managed funds
Some types of bond funds, such as high-yield corporate-bond funds
REIT funds

Tax-efficient equity funds are a good option for investors who are concerned about tax exposure. These funds are managed to limit capital gain distributions by keeping holdings turnover low and harvesting losses.
 
#16,774
#16,774
Orangepantsforever said:
Had $417,000 before today. $396,000. All of the major indexes were fair. Nothing that stood out. Capital Group holds it. Simple IRA. I’m ignorant beyond that.
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I'm not 100% clear about what you're saying, but if you don't know what's in your account, I'd try to find out. Fees and expenses can really eat into your money, so try to find out what your investments are and what are the expenses. IMO, if you have funds with expenses over 1.5%, odds are there are less expensive options out there.
 
#16,775
#16,775
@1RBFjr said:
I'm not 100% clear about what you're saying, but if you don't know what's in your account, I'd try to find out. Fees and expenses can really eat into your money, so try to find out what your investments are and what are the expenses. IMO, if you have funds with expenses over 1.5%, odds are there are less expensive options out there.
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I need to become more educated on it. I just trust that they handle it properly. It went from $417k to $396k in a day. By far the biggest one day drop I’ve ever had, percentage wise. It just puzzled me, because the DOW, S&P, and NASDAQ were all pretty steady. No huge drops to cause a loss. But then again, I don’t know what all that fund invests in. I’ll just have to talk to the ones that are handling my retirement.
 
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