Stock Market is the bottom in?

[jsasker007]

After earnings I'm hoping to catch SOFI around $14 and load up if the price drops that low. No logical reason that it should go down at all but logic hasn't really been used by today's investors for a few years. jmo

 

[BuckSutherland]

I sold 100 of my 400 shares of Palantir this morning cause Jim Cramer tweeted positively about it again. Palantir will have to BLOW AWAY earnings to keep this lofty price. I will eventually buy a few hundred more shares. Have an order to sell another 100 at $85. Usually dont like to do much trading but I thought I would give it a try. Not gonna go broke either way.



Also went to see the guy that runs my SEP IRA today. We sold all of my Exxon Mobile, Chevron and Eventide healthcare fund(yuck).



We bought:

CIBR (cyber security ETF)
JEPQ (etf)
VGT (etf)
AMD
more SPY
more Amazon
more Microsoft
more VUG


Still have to find a home for our Roth contributions and the rest of my SEP contribution. I expect good earnings from the big tech oligarchs next week except maybe Tesla and Apple. Should have went to see my guy a week sooner.

 

[jsasker007]

With decent performing ETF'S I usually take a look at all the things they are holding and try to pick out a couple of stocks that are their best performers. jmo

 

[bwoods11]

If you look at who has major wealth in the country, most of them are either land barons, or involved in oil. Tech is a recent phenomenon, and has created many billionaires.

Don’t forget about oil, this could be a good time to buy oil stocks in the next year or two.

 

[Telemark]

If you look at who has major wealth in the country, most of them are either land barons, or involved in oil. Tech is a recent phenomenon, and has created many billionaires.

Don’t forget about oil, this could be a good time to buy oil stocks in the next year or two.

I would be wary of oil stocks if Trump is trying to lower prices.

Oil pays on volume. When you crank out a million barrels a day, you don't need that much margin. High oil prices will pour money into the pockets of the super majors.

 

[bwoods11]

I would be wary of oil stocks if Trump is trying to lower prices.

Oil pays on volume. When you crank out a million barrels a day, you don't need that much margin. High oil prices will pour money into the pockets of the super majors.

That’s fine… I buy when things are NOT going well. Never buy at the peak. A lot of investors sell during low prices, that’s when you can get the Exxon, Valero & Chevrons at a decent price.

I also like CVI at around $20 (gas & fertilizer plants)!

 

[SD51555]

If you look at who has major wealth in the country, most of them are either land barons, or involved in oil. Tech is a recent phenomenon, and has created many billionaires.

Don’t forget about oil, this could be a good time to buy oil stocks in the next year or two.

Biden pissed away the SPR. There’s 250 million barrels missing from it. We produce 13 million BPD, and probably use 14. To replace the 250 million barrels in any respectable time frame, we’re gonna need a massive expansion in drilling.

It’s gonna take years to replace what he stole without seriously pushing oil prices higher. We are also bombing the shit out of Europes energy supplies, so the pinch is coming.


Sent from my iPhone using Tapatalk

 

[BuckSutherland]

The last time Trump was president both oil stocks that I owned (Exxon and Chevron) went down during his entire presidency. They were both trending downward for his entire fist term. I bought Exxon at $41 and Chevron at $85 shortly after the democrats stole the 2020 election. I was certain that Xiden and the warmongering democrats would excel at increasing the price of a barrel of oil. Democrats LOVE high gas prices!!! And they did not disappoint as you can see from the attached charts. I took Exxon from $41-$110 and Chevron form $85 to $157. Those trades have run their course for me.


I see the following risk to oil with a Trump presidency.

1. World peace- a big percentage of the price of oil comes from global stability/instability. If we have peace oil prices relax. We had a lot of peace in the first Trump presidency and he just said the other night he wants world peace and an end to pointless wars. Gas was under $2 at the end of his first term. No bombs were being lobbed and unlike the last 2 democrats the Russians did not go into Pukraine.

2. Increased supply- Trump has openly stated thousands of times to "drill baby drill." He has also stated that high oil prices are directly impacting inflation and that he wants these oil prices DOWN. He has a stated policy goal of doing everything he can to bring down oil prices. He will refill the SPR with CHEAP foreign crude oil. No reason to buy it at Biden prices.

3. Cost is not going down for those doing the drilling and refining. If world oil prices decline and cost are high that leaves less profit for the oil companies. Simple math for me.

4. Increased capital expenditures by oil companies and refiners. If Trump lets them do all sorts of exploration and gives them permits, pipelines, etc that will also hurt earnings. They are gonna be spending money, not making it.



Those are just a few of my thoughts. I will look to own oil companies again when the communist steal the next election and give us the next Green New Deal. There are A LOT more profitable trades to be had than a bunch of shitty oil companies. They have been CRUSHED the last 2 years if all you did was buy the S and P 500. I give big oil ZERO percent chance to keep up with S and P 500 the next 4 years unless the World Economic Forum steps in to sink the 2nd Trump term.

 

[bwoods11]

I’m not saying XOM, or Valero won’t go down but when they do I’ll add to the shares I have … It’s so tough to time the market.

Hopefully no Covid oil crash again !

I put $$ in every month, so it depends on what the price is.

 

[bwoods11]

Note—Exxon bought Pioneer Natl Resources, a very quality company . That will factor into profits and long term company strength!