All things STOCKS

[Thunder Good-Oil]

Copying the post from the Politics Forum:

If you have cash to cover the taxes, this pullback is a great opportunity to convert traditional IRAs and 401(k)s to Roth accounts.

You can convert a portion of those accounts to Roths as well. You don’t have to convert entire accounts.

Check with your financial and tax advisors.

 

[Thunder Good-Oil]

 

[Thunder Good-Oil]

Futures are well up from the early numbers, but are still indicating that there’s more of the same recent pattern to start the week. Selling pressure after any rally. Especially after big ones like on Friday.

 

[mrorange211]

Just threw in more funds to VOO.

 

[Go aeiou]

Just threw in more funds to VOO.

Yeah, trying to cherry pick.
Would like to add more BRK B, but it continues to go up every day. Flight to quality I guess?

 

[mrorange211]

Yeah, trying to cherry pick.
Would like to add more BRK B, but it continues to go up every day. Flight to quality I guess?

Yeah I think so.

I'm in on Nike at close. I think we see a rebound. Don't listen to me.

 

[BigOrangeMojo]

Yeah I think so.

I'm in on Nike at close. I think we see a rebound. Don't listen to me.

Pulled trigger on NKE 71.95

Got ACN after opening this AM.

 

[Go aeiou]

Yeah I think so.

I'm in on Nike at close. I think we see a rebound. Don't listen to me.

Pulled trigger on NKE 71.95

Got ACN after opening this AM.

Do either of you wear Nike shoes?
Are Nike, Adidas, Brooks, NB, etc. bought because the wearer thinks they are good or because they are trendy.? Both?

"see a rebound" ? The stock price or more on feet?

 

[BigOrangeMojo]

Do either of you wear Nike shoes?
Are Nike, Adidas, Brooks, NB, etc. bought because the wearer thinks they are good or because they are trendy.? Both?

"see a rebound" ? The stock price or more on feet?

I think NKE will eventually figure out ath-leisiue (women). Didnt buy big at all but will really jump in under 70...

 

[mrorange211]

It really depends on tariffs. Their earnings call was quite fearful which is why it dropped 5%.

 

[BigOrangeMojo]

It really depends on tariffs. Their earnings call was quite fearful which is why it dropped 5%.

The issue is nobody has any clarity. Investors or companies...

Very similar to FDX earnings call. Might jump in that one tomorrow if drop is enough.

 

[mrorange211]

The issue is nobody has any clarity. Investors or companies...

Very similar to FDX earnings call. Might jump in that one tomorrow if drop is enough.

And why is there uncertainty?......

 

[BigOrangeMojo]

And why is there uncertainty?......

Thats a PF discussion but we both know why...

 

[BigOrangeMojo]

In Trump's first term, he floated the idea of a border adjustment tax that nearly everyone hated (the reason TCJA was so poorly written/rushed through was the time spent on this border tax). Trump eventually dropped it when he realized he didnt have enough R support.

In 17, margins for many industries tightened and that was due to purchasing uncertainties because of this proposal. Nobody expects that he will keep this same posture for all 4 yrs but you are seeing the first hints of margin constriction again like 17 as referenced by NKE, FDX, and WMT calls. Companies are going to modify purchasing until they get a good handle on what 25-28 will look like....

 

[BigOrangeMojo]

^^^^^

Not intended to be a discussion of validity of tarrifs/current political posturing but just basic post about uncertainty in markets