Stock Market Thread

[BLINGMW]

COVID sale! Likely picking up more TERP, PEGI, maybe getting back into AMZN and WMT today.

*edit* dammit didn't make it home in time I guess I'll try monday morn.

[BLINGMW]

Doubled down on TERP and WMT tuesday, also picked up BUD and GLW. All safe(ish) dividend stocks at a discount

*edit*
any semi-educated opinions on picking up F at $5/share now that they've suspended the dividend?

[V1GiLaNtE]

Picked up VTSAX at a steep discount. Even with the investing minimum. Plan is to invest every monthly normally, but will be doing some extra DCAing over the next 6 weeks since I think we're in for a super fun rollercoaster.

[ScottyB]

thoughts on GM as a longer term (1-2 yr) hold? i like their P/E compared to industry avg and i think they're a bit more stable than F and FCAU right now.

[BLINGMW]

thoughts on GM as a longer term (1-2 yr) hold?  i like their P/E compared to industry avg and i think they're a bit more stable than F and FCAU right now.

Personally I'm staying away from automotive stocks for a long time, but I agree GM still looks like a good deal, especially if they can keep their dividend (unlike F)

Just bought UPS this morn at 94, sold it last year for 120 so I'll call that a win. That's it for me for a while I'm all in!

*edit*
I do need to find a green energy ETF or something like that I can put some of the wife's IRA money in and forget about it. Long term, medium risk. Any recommendations?

[Apoc]

Hope everyone got their AMZN at a discount last month.

[BLINGMW]

Hope everyone got their AMZN at a discount last month.

I went for WMT instead, but everything's a win now. Hard not to sell when my whole portfolio is up 15% in 2 weeks

[Apoc]

Hope everyone got their AMZN at a discount last month.

I went for WMT instead, but everything's a win now. Hard not to sell when my whole portfolio is up 15% in 2 weeks

This is true, but Amazon just crushed their all-time high today. I took a bath with ALK last month, so it's not like I'm doing that well overall.

---

I've left Google and am headed back to Amazon, so I looked up percent change over the last two years. It's interesting to see how the two have behaved over the last two months.

[BLINGMW]

Well sure, but like WMT, do we have any real evidence that this coronavirus situation is GOOD for them? Are we just hoping that online sales and cloud services are up even while customers and employees are losing their jobs and dying and their suppliers are having masive supply chain and shipping problems? I mean, it's one thing to say "they'll recover from this", but another to say it it's a net positive for them.

To me, looking at their 6mo charts, I'd be a little nervious that AMZN is over 1900, just like I'm a little nervious that WMT is above 120. That's AMZN being worth ~200 BILLION more (I think I did that right) than they were in Jan since their last earnings. If their Q1 earnings on 4/23 aren't WAY above guidance, will that hold? Shit I've just about talked myself into selling WMT.

*edit*
I just saw your AMZN vs GOOG chart, which kind of highlights what I'm saying. GOOG is almost back where they should be. AMZN... is not.

[Apoc]

Why does evidence matter? Honest question. The stock market today is about investing in public perception, not reality. In many cases reality drives public perception; in several other ways it does not.

That said, Amazon does not have supply of product issues but it didn't have enough people to meet the demand they saw in orders. It's because of that they told third party sellers they wouldn't be shipping their stuff for a few weeks. That's ended after they hired 100k people... and they just set out to hire 75k more. Their earnings may not jump that much, but that level of hiring suggests revenue has gone through the roof. If all you're interested in are earnings, that's personal choice, but I'll refer to my previous paragraph on my strategy.

Here's some research that suggests Amazon and other online retailers will be the big winners: https://www.nytimes.com/interactive/2020...nding.html

Amazon is in nearly all the sectors that have increased spending. Walmart has a bunch too, so I'd think dumping WMT would be a mistake at this point.

I also recognize I'm highly biased given Amazon is a past and future employer. That said, I did a bunch of research on their pandemic-proofness before accepting the job. I could be wrong, but I think their Q1 call is gonna be big, big revenue.

[BLINGMW]

They're hiring 175,000 people to deal with this? Crikey. Well, I'd consider that some evidence. 
As far as public perception vs reality, I.... get what you're saying, and riding waves of whatever's hot is fun, but the sane money does run out. Just checking, did you really mean to say Amazon does not have supply issues right now? Everybody's having supply issues right now. I'm pretty sure they're included, unless they get their goods from some other planet?

[BLINGMW]

Sold out WMT at 132 for 24% return in month, and caught a dividend!

[Apoc]

They're hiring 175,000 people to deal with this? Crikey. Well, I'd consider that some evidence. 
As far as public perception vs reality, I.... get what you're saying, and riding waves of whatever's hot is fun, but the sane money does run out. Just checking, did you really mean to say Amazon does not have supply issues right now? Everybody's having supply issues right now. I'm pretty sure they're included, unless they get their goods from some other planet?

They hired 100k over the last month and just announced plans for 75k more. They've also increased starting wages from $15 to $17/hour.

They are having supply issues with things like masks, hand sanitizer, and toilet paper. They are not having supply issues with all the other things people are buying to cope with staying at home - toys, school supplies, office chairs, groceries, Bluetooth speakers, etc.

They've taken steps to encourage less buying by doing things like take away "Customers also purchased..." boxes. This is because the primary limiter for fulfilling orders is personnel.

I do think there's some "hot right now" going on, but I've always been long on Amazon. My original comment was really about buying at a discount in the trough for a long term hold. I think what's happened to the stock over the last two days is kinda ridiculous.

[BLINGMW]

 I think what's happened to the stock over the last two days is kinda ridiculous.

So yeah! You should sell it. Buy it back for less and hold that.

[BLINGMW]

Well despite half the country deploying troops to quell rioters, it seems like the market DGAF. VIX looks pretty stable and everything is up. Wife and I picked up some index funds (IYR, XLU, FAN) a few weeks ago and even that stuff is up 10+%. Still happy I sold WMT though!

[HAULN-SS]

I sold a few positions in some tech stocks and index funds and went to about 30% in cash about 5 days ago. No real regrets, as I have some upcoming plans with the money. My ETFs are the weak spot presently, as far as bouncing back from the bottom a couple months ago

[Apoc]

We're at 98.8% of pre-COVID value.

I'd like to take credit for that, but I probably had little to do with it. ¯\_(ツ)_/¯

[BLINGMW]

I'd like to take credit for that, but I probably had little to do with it. ¯\_(ツ)_/¯

Stop being so modest! Thank you!!!

*edit* OK ok take it easy, ease off the gas a bit, damn. Making me want to sell everything today. 

[BLINGMW]

I'm selling. Sold 1/3rd today, likely the rest this week. Will stay in cash and silver until oct/nov. Performance in 3rd quarter of a presidential election year is typically off and I think that'll hold true this cycle.

[Senor_Taylor]

What service are y'all using to trade?