Talking Stocks 2.0

[beshannon]

I am holding MSFT either way as it is a core position for me and I do not see the earnings moving the stock much either way. It wont drop enough for me to add if they miss and any beat will likely have already been priced in.

I am watching more of the technicals at this point on the market internals. This rally is tired and thin. Many news events could cause swings either way but I would rather see some consolidation at lower levels given the S&P at 3265 we have passed many targets.

https://www.thestreet.com/markets/5-...dnesday-072220

[JParm]

Originally Posted by beshannon

I am holding MSFT either way as it is a core position for me and I do not see the earnings moving the stock much either way. It wont drop enough for me to add if they miss and any beat will likely have already been priced in.

I am watching more of the technicals at this point on the market internals. This rally is tired and thin. Many news events could cause swings either way but I would rather see some consolidation at lower levels given the S&P at 3265 we have passed many targets.

https://www.thestreet.com/markets/5-...dnesday-072220

MSFT is also a long-term hold for me, so will be staying put as well.

The end of the stimulus and the relations with China are big right now. I think support will continue from the Fed / Congress, it's just a matter of when at this point.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

MSFT is also a long-term hold for me, so will be staying put as well.

The end of the stimulus and the relations with China are big right now. I think support will continue from the Fed / Congress, it's just a matter of when at this point.

Without discussing politics, I would view the gap in funding and any sell off in the markets as a buying opportunity.

I raised cash yesterday and will look to raise more today if we move higher

[beshannon]

% of stocks above 50d moving average has fallen; for latter, % hasn’t improved at all since early June, while index has continued to surge YTD
@Bloomberg

Preserve your capital

[ndls]

Just discovered this thread. I’m long MSFT since 110ish, average of 135. I’m very bullish, regardless of price action after hours today. Though fundamentals may change, I would assume it going to the upside with their main growth baby - Azure. Cloud has so much potential that I see it as the main catalyst to drive even slow movers like MSFT in wild swings.

I rode FSLY from the 70’s into the 100’s and sold all my positions. That move was nuts lol...I might re-enter.

As for TSLA today...I’ve got quite a few shares and it’s either buying me a day date this month or next earnings haha. For real though, the volatility will be interesting. It’s small in my portfolio, but the most entertaining. I’m averaged at 1000ish so I’m prepared for a miss - we shall see. A lot of expectations, and huge possibility of sell the news. Seems to be the trend with these vaccine plays.

[JParm]

Originally Posted by ndls

Just discovered this thread. I’m long MSFT since 110ish, average of 135. I’m very bullish, regardless of price action after hours today. Though fundamentals may change, I would assume it going to the upside with their main growth baby - Azure. Cloud has so much potential that I see it as the main catalyst to drive even slow movers like MSFT in wild swings.

I rode FSLY from the 70’s into the 100’s and sold all my positions. That move was nuts lol...I might re-enter.

As for TSLA today...I’ve got quite a few shares and it’s either buying me a day date this month or next earnings haha. For real though, the volatility will be interesting. It’s small in my portfolio, but the most entertaining. I’m averaged at 1000ish so I’m prepared for a miss - we shall see. A lot of expectations, and huge possibility of sell the news. Seems to be the trend with these vaccine plays.

Welcome to the thread! I also see MSFT going up due to COVID tailwinds.

My avg in FSLY is 45 and I don't anticipate leaving it for a few years unless things change fundamentally with the company. Looking forward to hear what they have to say on the 5th.

[ndls]

Originally Posted by jpeezy14@hotmail.com

Welcome to the thread! I also see MSFT going up due to COVID tailwinds.

My avg in FSLY is 45 and I don't anticipate leaving it for a few years unless things change fundamentally with the company. Looking forward to hear what they have to say on the 5th.

I would have held FSLY, but I felt it's rise was too fast and hyped. Truthfully, I'm considering re-entering post-earnings season.

Also, I love your watch selections. I'm looking to add a RG Day Date myself.

[JParm]

Originally Posted by ndls

I would have held FSLY, but I felt it's rise was too fast and hyped. Truthfully, I'm considering re-entering post-earnings season.

Also, I love your watch selections. I'm looking to add a RG Day Date myself.

Thanks - can never go wrong with the DD40. Highly recommend it!

https://seekingalpha.com/article/435...nging-strategy

Tech getting a bit beat today and as the article says, short-term it might leg down, but let's not forget what COVID has done for accelerating digital transformation.

[Magnum75]

Gentlemen, good call on MSFT.

https://www.marketwatch.com/story/mi...of2&yptr=yahoo

[JParm]

Originally Posted by Magnum75

Gentlemen, good call on MSFT.

https://www.marketwatch.com/story/mi...of2&yptr=yahoo

Beats across the board, yet the stock is down after hours.

We'll have to see what is said at the actual call. Interested to see where it goes tomorrow.

TSLA beat big, which is good for me as a long, though I was hoping for a miss to actually add more. Oh well, a win is a win!

[logo]

lol Microsoft, the tech king, crushes expectations but sinks while the streets rejoice with TSLA providing an EPS of 0.5 per $1500 share. What a time to be alive. Damn RHers.

[RyanO]

Originally Posted by jpeezy14@hotmail.com

Beats across the board, yet the stock is down after hours.

We'll have to see what is said at the actual call. Interested to see where it goes tomorrow.

TSLA beat big, which is good for me as a long, though I was hoping for a miss to actually add more. Oh well, a win is a win!

Yes, a bit disappointing isn’t it?

Hopefully the call will be positive and price action will improve.


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[Screwly]

Any thoughts on PFE and the vaccine deal??

[beshannon]

Originally Posted by jpeezy14@hotmail.com

Beats across the board, yet the stock is down after hours.

We'll have to see what is said at the actual call. Interested to see where it goes tomorrow.

As I said, MSFT is priced for perfection and any miss will sell off. It is the long term that interests me and I believe MSFT will be fine.

Originally Posted by Screwly

Any thoughts on PFE and the vaccine deal??

I do not see any of this as a profit driver for PFE or any other company, people are trading hype. Buy PFE for their balance sheet , dividend and product pipeline.

In other news:

T beat on earnings, Warren Buffett bought 34m shares of BAC, DOW was mixed. All three stocks up in the pre-market

https://www.thestreet.com/markets/5-...hursday-072320

[htrap2294]

Originally Posted by AshCashEmAll

Maybe its a personal bias but I'm in my mid 20s and I know a lot of my peer group stopped using SNAP due to Instagram adding the story feature with filters. On top of that they made updates that just made the app difficult to use from what it first was. I know a lot of people that deleted the app and never looked back and among social media apps I can confidently say it is the least popular.

I stopped using SNAP as much as well. It's now getting the reputation as the "Ghetto/Ratchet" app when you want to show nefarious/illicit activities. Instagram has a better interface and is more friendly for all platforms.

[htrap2294]

Update on my positions. I'm young and don't have a lot of cash to spare (26). Most of it is tied in properties or waiting for the next real estate crash to jump in.

I purchased: UAL, KO, and MSFT for the long term. In a few weeks time, I'll add 100-200 shares of MRO just to cover that sector. I'm also thinking to add AAPL, FSLY, and SPCE. The growth of FSLY and SPCE is very tempting, but risky.

[derekhayden]

Originally Posted by htrap2294

I purchased: UAL, KO, and MSFT for the long term. In a few weeks time, I'll add 100-200 shares of MRO just to cover that sector. I'm also thinking to add AAPL, FSLY, and SPCE. The growth of FSLY and SPCE is very tempting, but risky.

I currently hold all of those accept MRO and FSLY. There is money to be made in SPCE but I would stay more active on that one due to it's volatility. I made a killing on SPCE earlier when I got in at $17 and sold at over $38.

I have been flipping oil stocks since the crash and done well but also watch them daily. I will look at several oil companies for long holds including MRO eventually. With upcoming earnings I will be watching for possible reentry in this sector.

Unfortunately I think we see another real estate crash sooner than later.

[JParm]

Originally Posted by htrap2294

Update on my positions. I'm young and don't have a lot of cash to spare (26). Most of it is tied in properties or waiting for the next real estate crash to jump in.

I purchased: UAL, KO, and MSFT for the long term. In a few weeks time, I'll add 100-200 shares of MRO just to cover that sector. I'm also thinking to add AAPL, FSLY, and SPCE. The growth of FSLY and SPCE is very tempting, but risky.

FSLY is not risky at all (listen to Q1 earnings, look at the client list, take a look at a recent post of mine where I outlined the acceleration of digital transformation due to COVID).

Companies need FSLY to survive in the digital age; SHOP, WMT, AMZN...they all rely on FSLY. It does move quicker than the market, but as a long-term investment, you can't go wrong here. If anything, read the Q2 earnings transcript upon release and see where the company's headed if you do have reservations there.

SPCE, on the other hand...not profitable and really just a speculative call. I'm not long there, but I do have calls which are purchased when it swings down at a heavy clip. It looks attractive because of the low price, but it's volatile and wouldn't do anything with it but options. They need to prove their worth before I would invest big money in them.

[beshannon]

Jobless claims unexpectedly rise to more than 1.4M

https://seekingalpha.com/news/359423...y-rise-to-1.4m

I am becoming more cautious, we may be seeing the start of a double dip and I want to preserve capital

[JParm]

Originally Posted by beshannon

Jobless claims unexpectedly rise to more than 1.4M

https://seekingalpha.com/news/359423...y-rise-to-1.4m

I am becoming more cautious, we may be seeing the start of a double dip and I want to preserve capital

I go back and forth about this, but will most likely not be making any large moves until after earnings for FSLY, LVGO and SE (among others).

FSLY and LVGO continue the march up into earnings and I don't anticipate any large corrections there like we saw last week, unless the entire market goes south. I'll caveat that with I could absolutely be wrong!

[HTXlex]

Is anyone still holding FVRR?

[gnuyork]

What's going on today? My tech stocks are way down, mainly Apple.

[austinp]

Originally Posted by gnuyork

What's going on today? My tech stocks are way down, mainly Apple.

All the tech big boys have gone up a lot lately. Maybe some profit taking?


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[JParm]

Originally Posted by gnuyork

What's going on today? My tech stocks are way down, mainly Apple.

Originally Posted by austinp

All the tech big boys have gone up a lot lately. Maybe some profit taking?


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Definitely an interesting turn on very little news.

Not sure what would cause such a rotation today. The market can't seem to figure out what it wants to do over the last couple of weeks. It's not as if a vaccine is around the corner to cause rotation into cyclicals now.

[beshannon]

Originally Posted by gnuyork

What's going on today? My tech stocks are way down, mainly Apple.

Originally Posted by austinp

All the tech big boys have gone up a lot lately. Maybe some profit taking?


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Originally Posted by jpeezy14@hotmail.com

Definitely an interesting turn on very little news.

Not sure what would cause such a rotation today. The market can't seem to figure out what it wants to do over the last couple of weeks. It's not as if a vaccine is around the corner to cause rotation into cyclicals now.

https://seekingalpha.com/news/359430...-goldman-sachs

The Tech trade is vastly over heated and this note from GS was not helpful.

If you are not protected with stop/limit orders/ selling calls/buying puts or just trimming positions you may be in for a nasty surprise.

I sold half my AAPL today, sold all of my XOM, DD

[JParm]

Originally Posted by beshannon

https://seekingalpha.com/news/359430...-goldman-sachs

The Tech trade is vastly over heated and this note from GS was not helpful.

If you are not protected with stop/limit orders/ selling calls/buying puts or just trimming positions you may be in for a nasty surprise.

Not surprised at what's written in the note there, especially with what's going on in China.

I'm not an AAPL owner (stock or products) and do believe that what affects AAPL should sometimes should be viewed in a vacuum and not totally related to tech, as they are a seller of consumer goods first. Its no different than comparing NFLX to AMZN (cloud / web services) at times. People just think MAGA / FAANG and immediately go "tech!".

[beshannon]

Originally Posted by jpeezy14@hotmail.com

People just think MAGA / FAANG and immediately go "tech!".

The XLK is up 19.26% YTD as of last night. The next best sector is XLY only up 9.52%.

Tech as a group is over heated and due for a correction. There will be a rotation out of tech whether it is due to earnings or some other event.

I am now at my highest cash percentage in over two years, the combination of summer seasonality, heading into the fall, heading into an election . . . all have me very focused on protecting gains and principal. I am not going to give back what I worked for since March. And this time I do not think I am missing out on any upside.

I will look to establish new positions once we can get clarity on several things that will be impacting the markets. Even if that is 7 months from now.

[JParm]

Originally Posted by beshannon

The XLK is up 19.26% YTD as of last night. The next best sector is XLY only up 9.52%.

Tech as a group is over heated and due for a correction. There will be a rotation out of tech whether it is due to earnings or some other event.

I am now at my highest cash percentage in over two years, the combination of summer seasonality, heading into the fall, heading into an election . . . all have me very focused on protecting gains and principal. I am not going to give back what I worked for since March. And this time I do not think I am missing out on any upside.

I will look to establish new positions once we can get clarity on several things that will be impacting the markets. Even if that is 7 months from now.

Can't blame you, and don't think that my last comment was directed at you by any means.

Agree that tech has run up a ton, but there are some valid reasons for it as well.

Again, I'm fighting the same feelings that you are here in terms of going a bit heavier on cash, though I also don't want to run on such a red day like today. We'll see how today and the rest of the week go; earnings might not matter if everything gets blown out this week alone.

[beshannon]

And then on AAPL there is this, my gains were nearly double on my position so I had no problem taking profits today.

https://seekingalpha.com/news/359441...on-probe-axios

https://seekingalpha.com/news/359403...oft-and-amazon

https://seekingalpha.com/news/359363...probe-in-italy

I own AAPL in mutual funds, 401k's and IRA's

I trimmed because it made sense to same with AMZN that I halved last week. MSFT is not a large percentage of my trading account and not as over valued. I would add to MSFT on any serious move down. My chart at the top of the page was one part of my sell strategy.

I am not in NFLX, GOOGL, FB, NFLX or NVDA. The space is too hot for me.

And the market has rolled over hard now down 325

[beshannon]

As of yesterday, the above six stocks accounted for more than half the value of the Nasdaq 100. They accounted for 22% of the S&P 500, up from 17.5% six months ago.

https://seekingalpha.com/news/359441...-favored-names

There is investing for the long term and being prudent.