Talking Stocks 2.0

[logo]

Originally Posted by AshCashEmAll

Me too but I’m tempted to dump fsly for I’m worried where it’s new bottom will be...


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My guess, based on a combo of company value and market trend, would be in the 65-75 range as the bottom for now. But, breaking below 70 could potentially create a lot more bumps to the downside I think. I’m happy with the current price, but I’m on the sidelines right now waiting for a bit of stability before deciding whether to add or not as there are a few cloud/new tech stocks on my watch list that I’m debating between. Nonetheless, long term you should be fine in FSLY regardless of whether you add in the 60s, 70s, 80s etc.

[beshannon]

https://www.marketwatch.com/story/do..._share_twitter

Value rotation is a head fake according to JPM

Not sure I agree, tech valuations are really stretched here, I am happy to move some into value and pickup dividends and wait for the business cycle to turn in the next 12-18 months

[JParm]

Been in Jackson Hole for the past 4 days and will be in Vegas for the next 5, so not as entrenched as usual but I have been buying the dip here in tech (TDOC, PINS, FB, etc.).

FSLY continues to be undervalued here IMO. The selloff and doom and gloom over TikTok is a bit overplayed; if you're looking long-term, these are great prices to be had.

Good to see some rotation into cyclicals, as my LEAPS (Jan 2022 expiration) have been on the move up.

Will be more engaged once the Vegas trip is through!

[logo]

Originally Posted by beshannon

https://www.marketwatch.com/story/do..._share_twitter

Value rotation is a head fake according to JPM

Not sure I agree, tech valuations are really stretched here, I am happy to move some into value and pickup dividends and wait for the business cycle to turn in the next 12-18 months

I couldn’t say as a market analyst, but as a doctor and scientist I do not believe we are in the clear from COVID-19. Based on that, I do not believe a return to business as usual and true economic recovery is possible in the short term, and that there could be more pain this fall. So I sold some of my value positions today into strength as I’m not sure this rotation will stick.

[beshannon]

Originally Posted by logo

I couldn’t say as a market analyst, but as a doctor and scientist I do not believe we are in the clear from COVID-19. Based on that, I do not believe a return to business as usual and true economic recovery is possible in the short term, and that there could be more pain this fall. So I sold some of my value positions today into strength as I’m not sure this rotation will stick.

[JWD531]

Originally Posted by logo

I couldn’t say as a market analyst, but as a doctor and scientist I do not believe we are in the clear from COVID-19. Based on that, I do not believe a return to business as usual and true economic recovery is possible in the short term, and that there could be more pain this fall. So I sold some of my value positions today into strength as I’m not sure this rotation will stick.

I don’t think it will stick either, especially as schools open. But it’ll stay around until the next round of bad news. I set some stops accordingly but plan to ride the wave a bit longer.


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[beshannon]

Adding to ABBV here, valuation is just too compelling to pass up

https://seekingalpha.com/article/436...er-opportunity

Took profits in AMD and CLX, I am out of both names

[cornerstore]

Fastly
https://simplywall.st/stocks/us/soft...cutive-summary

[trippinjimmy]

Did I miss something in the news? Why suddenly in the red today? Cfb postponement?


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[beshannon]

Originally Posted by trippinjimmy

Did I miss something in the news? Why suddenly in the red today? Cfb postponement?


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My guess would be that the vaccine news really was not news or even a vaccine and that this market is really tired, overbought and too narrow in tech which has been down now for the last 4 days.

We need to consolidate here or even go lower, summer trading is always thin and this is fairly normal for an August session.

Protect your gains, I raised cash today and have been sitting with higher than average cash for me since early July.

[gnuyork]

Originally Posted by beshannon

Adding to ABBV here, valuation is just too compelling to pass up

https://seekingalpha.com/article/436...er-opportunity

Took profits in AMD and CLX, I am out of both names

Nice one. I need to free up some cash and add some of that.

[JParm]

https://www.cnbc.com/2020/08/11/tesl...ock-split.html

Apparently it's stock split season - first AAPL, now TSLA.

Tech companies had been getting away from this but now it seems to be back in vogue.

[JWD531]

Originally Posted by jpeezy14@hotmail.com

https://www.cnbc.com/2020/08/11/tesl...ock-split.html

Apparently it's stock split season - first AAPL, now TSLA.

Tech companies had been getting away from this but now it seems to be back in vogue.

AAPL split was a bit more at the behest of the Dow. I’m guessing TSLA is making the strategic move to be more attractive to the S&P 500 so the weighting doesn’t sway the overall performance too much.

It’s a bold strategy, let’s see if it pays off for ‘em.


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[logo]

Originally Posted by JWD531

AAPL split was a bit more at the behest of the Dow. I’m guessing TSLA is making the strategic move to be more attractive to the S&P 500 so the weighting doesn’t sway the overall performance too much.

It’s a bold strategy, let’s see if it pays off for ‘em.


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That would be too purposeful for Elon. I think his strategy is more so he can sell $TSLA shirts saying something to the effect of “TSLA trading at 300 where it belongs” to spite the bears.

[JWD531]

Originally Posted by logo

That would be too purposeful for Elon. I think his strategy is more so he can sell $TSLA shirts saying something to the effect of “TSLA trading at 300 where it belongs” to spite the bears.

Haha, touché!


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[superdog]

You heard it here first.

If police all over the US are being defunded, find a good few security companies that you believe it.

It is inevitable that they will sky rocket. I haven’t found what I’ll buy yet, but I’ll advise when I do.

[austinp]

Originally Posted by superdog

You heard it here first.

If police all over the US are being defunded, find a good few security companies that you believe it.

It is inevitable that they will sky rocket. I haven’t found what I’ll buy yet, but I’ll advise when I do.

Makes sense to me. Gun stocks as well.


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[beshannon]

Originally Posted by austinp

Makes sense to me. stocks as well.


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Please lets not get this thread closed

[beshannon]

https://www.thestreet.com/markets/5-...dnesday-081220

Futures higher after the sell off late yesterday.

CSCO reports after the close, the TSLA 5-1 split is interesting even though splits create no new value.

Keep watching the Transports for clues to any recovery, the materials as well as cyclical value stocks if the tech rotation continues.

[austinp]

Originally Posted by beshannon

Please lets not get this thread closed

My bad. Sorry B.


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[McGooberstein]

Originally Posted by beshannon

Adding to ABBV here, valuation is just too compelling to pass up

https://seekingalpha.com/article/436...er-opportunity

Took profits in AMD and CLX, I am out of both names

Also adding a small position of ABBV to my dividend portfolio, that dividend is juicy at the moment and they are still slightly beaten down. Thanks for the heads up.

[beshannon]

Originally Posted by McGooberstein

Also adding a small position of ABBV to my dividend portfolio, that dividend is juicy at the moment and they are still slightly beaten down. Thanks for the heads up.

My pleasure, the forward P/E of 6.6 for 2022 earnings is absurdly low. EPS projections at the high at $14 per share!

5.1% yield but too many people are worried about the debt after the Allergan acquisition.

I am staying long with a core position and I added more yesterday and will add more if it drops below my cost basis

[beshannon]

Finally some inflation

https://seekingalpha.com/news/360455...e-rises-to-1_6

[beshannon]

Recovery stocks in play again today, HD price target raised to 306, TGT is at an all time high JPM placed them on their analyst focus list, FDX and UPS both still moving higher

[McGooberstein]

Originally Posted by beshannon

Recovery stocks in play again today, HD price target raised to 306, TGT is at an all time high JPM placed them on their analyst focus list, FDX and UPS both still moving higher

I was looking to add HD or LOW at some point but it looks like that might never happen given their trajectory... Earnings for both are August 18 and 19, respectively, maybe there will be an opportunity to get in then but my assumption is that earnings will be pretty strong as more people spend time at home and work on home improvement projects.

Actually looking at the numbers more closely HD seems like its overbought whereas LOW is within reason of buying.

HD:
P/E: 27
Forward P/E: 24
PEG: 5.85 (mega yikes)

LOW:
P/E:~26
Forward P/E:~20.5
PEG: ~1.3

Any thoughts?

[JWD531]

Originally Posted by McGooberstein

I was looking to add HD or LOW at some point but it looks like that might never happen given their trajectory... Earnings for both are August 18 and 19, respectively, maybe there will be an opportunity to get in then but my assumption is that earnings will be pretty strong as more people spend time at home and work on home improvement projects.

Actually looking at the numbers more closely HD seems like its overbought whereas LOW is within reason of buying.

HD:
P/E: 27
Forward P/E: 24
PEG: 5.85 (mega yikes)

LOW:
P/E:~26
Forward P/E:~20.5
PEG: ~1.3

Any thoughts?

HD historically outperforms Lowes so I would lean towards them long term, but I would probably wait for a discount/pullback.


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[beshannon]

Originally Posted by McGooberstein

I was looking to add HD or LOW at some point but it looks like that might never happen given their trajectory... Earnings for both are August 18 and 19, respectively, maybe there will be an opportunity to get in then but my assumption is that earnings will be pretty strong as more people spend time at home and work on home improvement projects.

Actually looking at the numbers more closely HD seems like its overbought whereas LOW is within reason of buying.

HD:
P/E: 27
Forward P/E: 24
PEG: 5.85 (mega yikes)

LOW:
P/E:~26
Forward P/E:~20.5
PEG: ~1.3

Any thoughts?

HD is without a doubt the leader in the space. I am long HD and it is one of my core holdings. Since they are the best, their stock commands the premium price.

The yield is greater with HD and if I were wanting to get in, I would wait for a pullback. Some feel that LOW has greater upside but I would stick with HD

[logo]

Originally Posted by McGooberstein

I was looking to add HD or LOW at some point but it looks like that might never happen given their trajectory... Earnings for both are August 18 and 19, respectively, maybe there will be an opportunity to get in then but my assumption is that earnings will be pretty strong as more people spend time at home and work on home improvement projects.

Actually looking at the numbers more closely HD seems like its overbought whereas LOW is within reason of buying.

HD:
P/E: 27
Forward P/E: 24
PEG: 5.85 (mega yikes)

LOW:
P/E:~26
Forward P/E:~20.5
PEG: ~1.3

Any thoughts?

HD only goes up. Would add there on any transient pullback.

[jaisonline]

Kinda reminds me of BUD and TAP to an extent.

Originally Posted by McGooberstein

I was looking to add HD or LOW at some point but it looks like that might never happen given their trajectory... Earnings for both are August 18 and 19, respectively, maybe there will be an opportunity to get in then but my assumption is that earnings will be pretty strong as more people spend time at home and work on home improvement projects.

Actually looking at the numbers more closely HD seems like its overbought whereas LOW is within reason of buying.

HD:
P/E: 27
Forward P/E: 24
PEG: 5.85 (mega yikes)

LOW:
P/E:~26
Forward P/E:~20.5
PEG: ~1.3

Any thoughts?

[beshannon]

Big turn around in tech at 2 pm, markets moving higher in thin volume, AAPL, MSFT, AMZN, AMD, QCOM, NVDA all up nicely