Talking Stocks 2.0

[Doc Savage]

Originally Posted by mountainjogger

May be wrong but I think he meant slowing the spread of the virus is good for the economy. If that means sitting on your butt, I guess that would be the same thing. But I do to equate social distancing with sitting on your butt. But maybe that's because my spouse would kick my butt if I sat on my butt.

Yep. This. Slow the spread of the virus so we don't crater our economy further and overwhelm the healthcare system even more.

[DonRickles]

Should I buy SPY?

[excelerater]

we have not hit bottom,maybe another 4-6 weeks IDK

[excelerater]

Originally Posted by DonRickles

Should I buy SPY?

brave man

[bryan13]

Originally Posted by DonRickles

Should I buy SPY?

It’s a good time in the sense that a month ago it was trading at $340. However, not many/if anyone thinks this is the bottom. But you will never be able to time it perfectly. You can average down and invest in increments over the coming weeks/months. Maybe buy 20% of your original investment amount today, another 20 in a week and so on...

[brandrea]

Originally Posted by excelerater

we have not hit bottom,maybe another 4-6 weeks IDK

Perhaps or it could be much much longer.

If you believe that markets eventually go higher, and you have a long term time horizon you should look upon this as an opportunity IMHO.

My strategy has been to buy 1/4 positions with each week that passes. I started last week, and again yesterday. There are some ridiculously cheap stocks on a relative basis IMO. Could they get much cheaper ... absolutely. Will they be worth more than I paid in 5 or 10 years, I believe they will.

I’m certainly no expert like some of the members here appear to be, but one thing I know from being invested over 30 years is that you can never pick a bottom or a top.

It’s time in the market not timing the market.

[JParm]

Am I crazy to be thinking about buying some Boeing?

[derekhayden]

Originally Posted by jpeezy14@hotmail.com

Am I crazy to be thinking about buying some Boeing?

I am not a professional trader and sure others have other opinions. That being said the airline business is getting crushed right now so I would wait for some price correction before investing in Boeing. IMO there is still to much room for decline.

[newu5er]

Originally Posted by jpeezy14@hotmail.com

Am I crazy to be thinking about buying some Boeing?

You would be absolutely crazy. Boeing's problems will be long term and we don't know how long "long term" will be. The 737 Max problems were taking Boeing down before corona started and they have a huge exposure to corona.

The current and future condition of the airline industry is pretty grave, so I wouldn't pick up Boeing here even for the long term.

I'd focus more on oil or tech right now.

[avidflyer]

Originally Posted by newu5er

You would be absolutely crazy. Boeing's problems will be long term and we don't know how long "long term" will be. The 737 Max problems were taking Boeing down before corona started and they have a huge exposure to corona.

The current and future condition of the airline industry is pretty grave, so I wouldn't pick up Boeing here even for the long term.

I'd focus more on oil or tech right now.

agree but the day traders have been killing it with BA over the last 5 days $10-$20 swings....

[Gaijin]

Originally Posted by jpeezy14@hotmail.com

Am I crazy to be thinking about buying some Boeing?

I don't think so. It is a great company that will bounce back.

Southwest Airlines would be another great buy. It will come back.

[beshannon]

Article this morning from one analyst, everyone do your own research

Now brace for a 15% drop for S&P 500 as coronavirus crisis deepens, chart suggests

The charts absolutely are giving us guidance at this point in time. They’ve been actually trading technically perfect,” Johnson said Monday

A 15% drop would take the S&P 500 down to around 2,020, a level not seen since mid-2016.

https://www.cnbc.com/2020/03/17/coro...l-analyst.html

I am holding SQQQ and waiting with my cash as I agree with the above analysis and feel this has yet to get really bad and bottom

[m j b]

Originally Posted by jpeezy14@hotmail.com

Am I crazy to be thinking about buying some Boeing?

Originally Posted by beshannon

... everyone do your own research ...

I bought some BA yesterday. The thing about airlines and especially airline manufacturers, is that they operate on a very long time frame. It takes years to purchase, build and deliver an airplane (assuming the typical backlog). There are thousands in the pipeline, and any cancelled orders will result in penalties.

It's also a huge company with massive influence on the economy. Can you say "bailout"?

I wouldn't count on the last one, but it's a thought.

If you do buy, nibble at it. If it goes down, buy more. Cost average.

[Kowaco]

I think we may be turning the corner on the panic,but the damage that has caused needs to be looked at. I think once people realize everyone panic they’ll flood back in


Sent from my iPad using Tapatalk

[austinp]

Originally Posted by jpeezy14@hotmail.com

Am I crazy to be thinking about buying some Boeing?

I picked up a little yesterday. Averaging down.

Sent from my SM-G935P using Tapatalk

[m j b]

My portfolio screen, including all recent purchases, is just a sea of red.

I'm running out of cash to "buy low". I must confess a smidgen of remorse.

[mountainjogger]

Originally Posted by Kowaco

I think we may be turning the corner on the panic,but the damage that has caused needs to be looked at. I think once people realize everyone panic they’ll flood back in


Sent from my iPad using Tapatalk

That's one view. The other view is that until we turn the corner on CV, the situation will not stabilize long term. My own opinion is that time is a ways off.

Stay safe.

[Bearxj86]

This is why is it absolutely crucial to be doing fundamental analysis. It's pretty much a done deal that with an impending EU and US shutdown - a recession is inevitable. A sudden shock will make recovery to all cylinders at least 12 months out.

Meanwhile there will be a lot of pain. What are your staples and recession proof stocks that people will still buy - Especially look for downtrodden stocks because of the flight to liquidity that may have been unfairly wacked. My short list:

1) Amazon - Retailers closed - mail order stuff is for the win. If oil prices are down, shouldn't operating cost go down too?
2) Fedex/UPS - see 1) above. While commercial packages are down. People still need to move stuff around? Oil prices down = less operating cost
3) Healthcare REITs - rent is still due and hospitals aren't closing soon.
4) ACT / BUD - Vice stocks - trust me, you'll be drinking
5) BRK-A and b - There is a reason buffet assembles a cash pile. You can rest assured he'll be picking stuff up on the cheap or propping up liquidity of his companies OR extending preferred share financing to folks
6) Utilities?

[JParm]

Originally Posted by bearxj86

This is why is it absolutely crucial to be doing fundamental analysis. It's pretty much a done deal that with an impending EU and US shutdown - a recession is inevitable. A sudden shock will make recovery to all cylinders at least 12 months out.

Meanwhile there will be a lot of pain. What are your staples and recession proof stocks that people will still buy - Especially look for downtrodden stocks because of the flight to liquidity that may have been unfairly wacked. My short list:

1) Amazon - Retailers closed - mail order stuff is for the win. If oil prices are down, shouldn't operating cost go down too?
2) Fedex/UPS - see 1) above. While commercial packages are down. People still need to move stuff around? Oil prices down = less operating cost
3) Healthcare REITs - rent is still due and hospitals aren't closing soon.
4) ACT / BUD - Vice stocks - trust me, you'll be drinking
5) BRK-A and b - There is a reason buffet assembles a cash pile. You can rest assured he'll be picking stuff up on the cheap or propping up liquidity of his companies OR extending preferred share financing to folks
6) Utilities?

Fedex is on my list too.

[m j b]

I was watching CNBC while making breakfast (I'm working from home) and Jim Cramer mentioned how Dave & Busters is getting hammered. Was in the forties, now about $6.60. This is a restaurant chain that has bunches of games and stuff, and I used to own it shortly after they went public.

I bought a little bit this morning. Yes, they will be closing stores I'm sure and earnings will get whacked, but perhaps the market is over-reacting? This is about a 85% haircut for an otherwise successful company.

[Doc Savage]

Originally Posted by m j b

I was watching CNBC while making breakfast (I'm working from home) and Jim Cramer mentioned how Dave & Busters is getting hammered. Was in the forties, now about $6.60. This is a restaurant chain that has bunches of games and stuff, and I used to own it shortly after they went public.

I bought a little bit this morning. Yes, they will be closing stores I'm sure and earnings will get whacked, but perhaps the market is over-reacting? This is about a 85% haircut for an otherwise successful company.

There are definitely deals to be had out there right now. As long as D&B doesn't go bankrupt, you should make a nice return at today's price point, even if it goes down more I'm the short term.

[m j b]

Originally Posted by bearxj86

My short list:

Also in favor of FedEx and UPS is lower oil prices.

Utilities are pretty safe; people gotta have electricity and gas. However, if industrial production is down, so will electricity use. But dividends should be secure, with good companies (like Duke). I'd still avoid PG&E, personally.

Here's another one that I heard about on CNBC, and have a buy order in for. Hersha Hospitality (HT). Most analysts have it as a hold or sell. This could be an opportunity for the brave. Huge dividend, if they can maintain it. Description from e*Trade:

Hersha Hospitality Trust is a self-advised real estate investment trust (REIT). The Company invests primarily in institutional grade hotels in urban gateway markets, including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and select markets on the West Coast. As of December 31, 2017, the Company's hotels included 50 hotels totaling 7,725 rooms located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company's properties operate under brands that include Marriott International, Hilton Hotels, Hyatt Hotels, Intercontinental Hotel Group, and Pan Pacific.

[beshannon]

Closed my SQQQ this morning, been looking at value high yielding stocks, PFE, VZ and CSCO for the moment

[trippinjimmy]

Anyone else pick up shares of MRNA yesterday?

[maximus1]

Anyone have an opinion on the following.
ISRG Intuitive Surgical
EA electronic arts
ULTA Ulta Beauty
IVZ Invesco

[IsaakZ]

I'm really new to stocks; like I mean I've never even traded but everyone is telling me to buy now buy now buy now!

I have no clue what I'm doing I'm still young and instead of putting all of my money in cars and watches I really want to look into investing and watching it grow.

My wife has some mutual funds which she mentioned has taken a huge decline and she is down a few thousand already this kind of turns me off of that whole thing.

Does anyone have some advice for someone like me? What should I start with I'm not trying to dump all of my money into stocks but definitely would be nice to get my foot in the door.

Is there a top 10 I should keep my eye out for?

[m j b]

Oops, BA getting hammered d/t credit rating downgrade. Bummer for us that bought it.

[superdog]

Originally Posted by IsaakZ

I'm really new to stocks; like I mean I've never even traded but everyone is telling me to buy now buy now buy now!

I have no clue what I'm doing I'm still young and instead of putting all of my money in cars and watches I really want to look into investing and watching it grow.

My wife has some mutual funds which she mentioned has taken a huge decline and she is down a few thousand already this kind of turns me off of that whole thing.

Does anyone have some advice for someone like me? What should I start with I'm not trying to dump all of my money into stocks but definitely would be nice to get my foot in the door.

Is there a top 10 I should keep my eye out for?

buy into a low cost Vanguard fund. Call Charles Schwab.

But I would likely wait. This is apparently going to get worse.

[beshannon]

Originally Posted by m j b

Oops, BA getting hammered d/t credit rating downgrade. Bummer for us that bought it.

Not surprising though that may be the low based on getting all the info out there

[superdog]

Originally Posted by m j b

Oops, BA getting hammered d/t credit rating downgrade. Bummer for us that bought it.

I bought it weeks ago after the first drop.