jsasker007
5 year old buck +
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
Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
BuckSutherland
5 year old buck +
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.
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
5 year old buck +
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
Telemark
5 year old buck +
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
5 year old buck +
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
5 year old buck +
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
5 year old buck +
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.
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.
hunts_with_stick
5 year old buck +
Any truth to the Chinese deep seek? Could burst the bubble
Is there some reason to think Polaris is going a direction opposite Arctic Cat?
bwoods11
5 year old buck +
Yes quite different. They have a much better ATV line…They also have a solid marine division (including Bennington Pontoons).
Snowmobiles I’m sure are not doing so well.
Telemark
5 year old buck +
I don't trust anything the Chinese say. Honesty is not a part of their culture.
The Chinese don't have the domestic skill set to produce anything sophisticated on their own. If they have anything sophisticated it's either foreign tech or open source.
People know all this, and they don't trust the Chinese. Does any Chinese AI have a commercial value? Or is it really only good for helping the government spy on people?
Could their "news" affect valuations on US stocks? Sure. I'm 90% cash, just waiting for prices to come down, so it won't bother me if they do.
SD51555
5 year old buck +
Looks like there's gonna be a little drama at the open today. The bigs are having a bad pre-market session. Keep your eyes peeled.
Howboutthemdawgs
5 year old buck +
Watching cnbc this am as I usually do, is Andrew Ross Sorkin straight out of central casting for a little New York liberal. He’s so weasely. Any male who has by three names also has a men for Harris shirt. I googled to see if he was married, shockingly he is. Not shockingly his spouse looks like the bud light man who pretends to be a woman.
Rant over
Rant over
Mortenson
5 year old buck +
I thought you meant the old ads in the 90s where guys with beards would pretend to be women for ladies night at the bar. So after searching to see what the 3 name guy's (P Allen Smith) wife looks like, it's clear you mean dylan Mulvaney. Haha, good observation. Could make one of those who wore it better memes.
