stock market was up today...

#11,001
#11,001
No market leadership.

Eg_1AmfXkAAGkDy
 
#11,002
#11,002
85SugarVol said:
Not me man. I’ve been a buy and hold investor for 25 years. I’ve never missed a top, never missed the start of a new rally.

Much less stressful in my opinion. Couldn’t imagine trying to time this rocket ship. I just prefer to enjoy the ride. I popped 2.65% yesterday 🥳

Markets go up, markets go down. I just let it ride.
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And just like that.... -1.39% -2.05%

pfft.
 
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#11,004
#11,004
Thunder Good-Oil said:
Maybe the markets look unreasonably high to many, BUT the DJIA has only had about 1.5 doubles in almost 25 years.
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Not unreasonable. The markets went absolutely nowhere from 1966 - 1980 and again from 2000-2013.

The whole "markets average 10% a year" is a classic case of a true statement that is misleading. When people repeat that mantra, a lot of them take it to mean the market goes up 10% every year. There can be long periods of time, a decade or more (25 years if you're talking about the Great Depression), where markets don't make new highs, and if you happen to be around retirement age during those periods it's less than ideal.
 
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#11,008
#11,008
Bubble. QQQs, TSLA, AAPL. FANG.

Been overdue. But, hey tomorrow's a new day and we'll probably resume the wall/main st. disconnect.
 
#11,014
#11,014
MontyPython said:
Bubble. QQQs, TSLA, AAPL. FANG.

Been overdue. But, hey tomorrow's a new day and we'll probably resume the wall/main st. disconnect.
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I kind of think of AAPL as a 2020 grandma stock like Coca Cola was for much of the 20th Century. They are a strong, addictive, innovative brand with a cult-like following. They also have built in engineered or planned obsolescence in their high margin products. Risks are Asian manufacturing dependence and too much revenue concentration in iPhones. I got an iPhone 11 recently and am amazed. Now want an Apple watch after observing somebody wearing one taking phone calls from the wifey on it. They also have a huge opportunity with healthcare technology. Also financial transactions. I haven’t looked lately, but last time I did their earnings multiple wasn’t unreasonable at all.
 
#11,015
#11,015
Thunder Good-Oil said:
I kind of think of AAPL as a 2020 grandma stock like Coca Cola was for much of the 20th Century. They are a strong, addictive, innovative brand with a cult-like following. They also have built in engineered or planned obsolescence in their high margin products. Risks are Asian manufacturing dependence and too much revenue concentration in iPhones. I got an iPhone 11 recently and am amazed. Now want an Apple watch after observing somebody wearing one taking phone calls from the wifey on it. They also have a huge opportunity with healthcare technology. Also financial transactions. I haven’t looked lately, but last time I did their earnings multiple wasn’t unreasonable at all.
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Thank god we have an American company leading the way. I've been a PC/Android guy forever, BUT I literally have been getting nonstop texts and calls from solicitors that I can't stop. Apple phones got a fix for this? I've had my Samsung Galaxy 8 or whatever for over 3 years and it's still going strong (although the on/off rubber covering for the on/off button fell off long ago).
 
#11,016
#11,016
MontyPython said:
Thank god we have an American company leading the way. I've been a PC/Android guy forever, BUT I literally have been getting nonstop texts and calls from solicitors that I can't stop. Apple phones got a fix for this? I've had my Samsung Galaxy 8 or whatever for over 3 years and it's still going strong (although the on/off rubber covering for the on/off button fell off long ago).
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I have the IPhone 11. Still get some spam calls but not many. I think it may be more a function the the individual carriers however. I have AT&T. I think I saw T Mobile (?) advertising their new anti-spam call features the other day. I would start with your provider first.
 
#11,022
#11,022
I guess that I could understand not adding companies if they have crazy valuations as a multiple of sales. I don’t know if all of these fit that narrative.

From IBD ( 11 Top Stocks (Like Tesla And Moderna) Still Missing In The S&P 500 ):

Symbol YTD Stock % Ch. Sector Market Value July 15 ($ Billions) Composite Rating
Moderna(MRNA)310.1%Health Care$31.277

Zoom Video Communications(ZM)276.6%Information Technology72.399

Tesla(TSLA)269.6%Consumer Discretionary286.698

DocuSign(DOCU)160.2%Information Technology35.499

Twilio(TWLO)128.2%Information Technology31.497

Square(SQ)95.3%Information Technology53.798

Veeva Systems(VEEV)76.1%Health Care37.299

Seattle Genetics(SGEN)55.7%Health Care30.886

Snap(SNAP)50.3%Communication Services35.595

Lululemon Athletica(LULU)34.9%Consumer Discretionary40.790

Splunk(SPLK)33.9%Information Technology31.993

S&P 500-0.1%
 
#11,025
#11,025
Velo Vol said:
I don't think it met a profitability criterion until this last quarter.
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Tesla has only been public for a bit over 10 years. The index is market cap weighted and TSLA trades at a crazy multiple. It makes sense for the committee to pass right now. Especially since revenues are expected to grow, but haven’t yet. It’s wise to wait.
 
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