Talking Stocks 2.0

[beshannon]

MMM missed earnings, futures are down 100 early this morning

I am watching technicals to see if the S&P stays in the trading range, more earnings today including MCD, PFE and RTX.

https://www.thestreet.com/markets/5-...tuesday-072820

PFE beat, MCD missed. PFE up nicely in the pre-market

MO beat on earnings but missed on revenue, they still raised their dividend which now yields 8.17 at current price

I hold MO, PFE and MMM. I may add to MMM if they have a drop this morning

[JParm]

Originally Posted by beshannon

MMM missed earnings, futures are down 100 early this morning

I am watching technicals to see if the S&P stays in the trading range, more earnings today including MCD, PFE and RTX.

https://www.thestreet.com/markets/5-...tuesday-072820

PFE beat, MCD missed. PFE up nicely in the pre-market

MO beat on earnings but missed on revenue, they still raised their dividend which now yields 8.17 at current price

I hold MO, PFE and MMM. I may add to MMM if they have a drop this morning

Would like to add to MCD but even a dip here post-earnings won't be enough for me; it has run-up pretty far. Missed on EPS on strong revenue due to increased COVID-related costs - this is a theme that we'll continue to see throughout earnings, in my opinion.

Haven't made any moves (I guess it is only Tuesday) but if AMZN, FB or GOOGL miss, they would be candidates for me. I would wait to add though, as misses by all 3 could trigger that larger fallout we've discussed across the board.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

Would like to add to MCD but even a dip here post-earnings won't be enough for me; it has run-up pretty far. Missed on EPS on strong revenue due to increased COVID-related costs - this is a theme that we'll continue to see throughout earnings, in my opinion.

Haven't made any moves (I guess it is only Tuesday) but if AMZN, FB or GOOGL miss, they would be candidates for me. I would wait to add though, as misses by all 3 could trigger that larger fallout we've discussed across the board.

MCD down 2% P/E still at 35, too high for me to enter

[beshannon]

Just added MMM

Will be watching AMZN, whisper number is a beat but I would love for them to crater on missed expectations so I can get back in after closing my positions at 3300

[JParm]

Strong movement in FSLY, SE and LVGO. Shook out some weak hands over the last couple of weeks, but if you're on the fence about these 3 - I wouldn't be; fundamentals haven't changed from Q1 earnings and guidance should remain strong.

Same themes over the last couple months that we've discussed here, but just a reminder that these 3 are for the future. Looking forward to hearing from them next week.

[RyanO]

Added a bit to my Aphria position.

[JParm]

Originally Posted by RyanO

Added a bit to my Aphria position.

I have a few calls that I will most likely execute vice sell (depending on Wed's earnings) because it's so cheap and want to build up my shares there.

[beshannon]

Adding to PFE here based on some new research

https://www.investors.com/news/techn...ock-buy-point/

https://seekingalpha.com/news/359576...-year-guidance

https://www.thestreet.com/streetligh...rnings-vaccine

I was already long PFE but the 4% yield combined with the growth forecast, the balance sheet and the product pipeline is too much to ignore here and allows me to put some cash back to work.

[Xelorpepsi]

Any views on SHOP, they are due to announce their results tomorrow?

[beshannon]

Originally Posted by Xelorpepsi

Any views on SHOP, they are due to announce their results tomorrow?

I cannot deal with the current price no matter what the earnings are.

With a P/E of 1651 and numbers like this

https://seekingalpha.com/news/359601...rnings-preview

I just could not buy the stock.

[JParm]

Originally Posted by Xelorpepsi

Any views on SHOP, they are due to announce their results tomorrow?

Originally Posted by beshannon

I cannot deal with the current price no matter what the earnings are.

With a P/E of 1651 and numbers like this

https://seekingalpha.com/news/359601...rnings-preview

I just could not buy the stock.

Have to agree with Brian here - it has run up too far, too fast.

It's not that SHOP itself isn't attractive as a company, its just the price itself.

[beshannon]

Slow grind higher here late in the day, S&P now positive

[JParm]

https://www.cnbc.com/2020/07/28/earn...he-bottom.html

Was Q2 the bottom for companies? Short answer - it depends. I think it definitely depends on the industry that the company operates in.

[RyanO]

Looks like some folks want to get out ahead of earnings.

Am a bit anxious about the majors like Amazon and Facebook. Seems some of the tech names are selling off regardless of good or bad numbers, though at least there has been a bit of a correction leading into their releases. Only time will tell, I'm holding for now - hope I'm making the right call.

[JParm]

Originally Posted by RyanO

Looks like some folks want to get out ahead of earnings.

Am a bit anxious about the majors like Amazon and Facebook. Seems some of the tech names are selling off regardless of good or bad numbers, though at least there has been a bit of a correction leading into their releases. Only time will tell, I'm holding for now - hope I'm making the right call.

I'm holding through earnings - and like I've said before, if earnings are bad, I'll just add on weakness. AMD up over 9% after hours post-earnings - decent numbers but also guidance provided (on an EPS miss). It's all about how the companies can spin the story at this point. AMD has run up a lot (like most of tech), yet here they are spiking even more. It could happen with all these tech stocks (look at what happened Q1 with GOOGL after poor numbers).

https://www.cnbc.com/2020/07/28/amd-...s-q2-2020.html

[scarlet knight]

I bought IAU, a gold ETF, earlier in the week.

[RyanO]

Originally Posted by jpeezy14@hotmail.com

I'm holding through earnings - and like I've said before, if earnings are bad, I'll just add on weakness. AMD up over 9% after hours post-earnings - decent numbers but also guidance provided (on an EPS miss). It's all about how the companies can spin the story at this point. AMD has run up a lot (like most of tech), yet here they are spiking even more. It could happen with all these tech stocks (look at what happened Q1 with GOOGL after poor numbers).

https://www.cnbc.com/2020/07/28/amd-...s-q2-2020.html

Very true. Asking myself why I never considered buying AMD

[JParm]

https://www.mckinsey.com/business-fu...he-quickening#

Quick hits from one of the Big 3 consulting firms. The move in tech (and I'm not talking about stocks) has been astounding.

This is why for all the bubble talk, I still pound heavily on tech stocks - especially ones like FSLY, SE and LVGO that have yet truly hit full stride.

[lukajur]

Always enjoy coming back to this thread and reading everyone's views and discussions.

[beshannon]

Futures are flat, waiting for the Fed and more earnings

https://www.thestreet.com/markets/5-...dnesday-072920

[JParm]

https://www.cnbc.com/2020/07/29/powe...next-move.html

In case anyone forgot - the Fed is still waiting in the wings to prop things up as necessary.

Pretty big hearing today as big tech testifies in front of Congress; looking forward to tomorrow as most of them report earnings after the bell.

[JParm]

https://www.thestreet.com/investing/...-volumes-surge

SHOP (I don't own it, getting even more expensive) with the big earnings beat, which should bring tailwinds to companies like FSLY (SHOP's a client) and SE.

[beshannon]

Futures climbing on the back of good earnings (less loss or beats) from SMG, SBUX, GM, BA

[RyanO]

Aphria is down 7% premarket. Bummer

[JParm]

Originally Posted by RyanO

Aphria is down 7% premarket. Bummer

Not really concerned there - let's listen to what Irwin Simon has to say at the actual call. Believe in the company and management long-term, and numbers weren't bad.

I'm holding through, especially if things change with the administration come November.

[RyanO]

I'll also be holding. Would like to listen in but have to head out for a visit to the Doc.

[beshannon]

Dow up 60 at 10, waiting for the Fed, expectations keep rates at zero

[supernova]

AMD had monster quarter and future guidance. Continue to ride the wave, +12% today.

I think even at this price they are an attractive buy for long hold as they will only keep continue to chip away (pun intended) at Intel's market dominance for the foreseeable future.

[bryan13]

Originally Posted by beshannon

Dow up 60 at 10, waiting for the Fed, expectations keep rates at zero

Realistically, we won't see rates above zero for the next few years.

[JParm]

Yet again, the early rotation we saw into cyclicals the last couple of weeks was too quick. Tech continues to rise, and earnings have proven why (AMD, SHOP, etc).

There are some attractive prices out there in industrials, retail, etc...but why go that route? They've generally been around the same price over the last couple of months and any spike up has been taken immediately back down.

Again, until we have a real vaccine, I'm sure this cycle will continue to occur.