Stock picks

[irvinehomeowner]

Previously you said hold stocks for the long term. Then you said housing is better than stocks.

Where did I say housing is better than stocks? You might be mixing me up with someone else.

A lot of people worry about buying the peak like the previous article I posted. (Almost everybody likes a bargain. Why do you think TjMax and Roos are doing so well?) When people remodel their home most people don?t over spend for the location of the house. People are savvy and care about the bottom line.

Sure. But buying a home is not like shopping at TJMaxx or Ross. You can buy at the peak and still be okay as long as you can afford your home and stay long term. Many people just want to stop renting and own a home (there are several TI members who have said that... so no articles, real people).

You mean small tax write off owning a home. (Cap on salt deductions)

If you consider $10k small, if you own a home less than $1m, that's a good sized write-off. You also forget about the $250k/$500k capital gains exclusion, can't do that with other "investments".

-read your previous posts, it sounds like you view your house as an investment, which explains your rational in other thread and your determination to put your own spin on things

So I'm still not sure where this is going. As I said before, my house is where I live first. That's why the ups and downs don't bother me as much as they bother you.

What is my "rational" and "spin"? Doesn't everyone do this... especially you?

-again the average person is business savvy and they do not want to buy at the peak or over pay for something.

Again, it depends on what we are talking about. People overpay for Apple iPhones, clothes etc... what you are saying is not universally true.

-$10k is small

So why wait for a 7% drop in house prices when that can equate to a only a $10k savings in a 20% down payment?

-btw there was a rumor removal of capital gain exclusion was on the table during the backdoor tax reform conversation. So you never know they might take that away in the future.

And until that time, it's still a great benefit to own a house.

So back on topic:

What stocks would anyone pick today?

 

[zubs]

KHC baby!...25 bucks.  Is Warren still holding this loser?

 

[momopi]

Reviving old thread.

Setup descending/ladder limit orders on GE from $6.50 to $5.00 in $0.50 steps (6.50-6.00-5.50-5.00).  Not big money, just few hundred dollars per order.  $6.50 executed today.

I had 3 stocks under consideration, GE, Ford and MRO.  Out of the 3 I think GE has better prospects.
https://www.genewsroom.com/press-releases/ge-announces-further-actions-solidify-financial-position

 

[paydawg]

for the foreseeable future, people will be entertaining themselves more at home.  That means investing in better/more streaming options.  Thus, expect ROKU and other related stocks (TTD) to have a long runway up. 

BTW, that trend was already occurring well before coronavirus.  Covid19 just accelerated that paradigm shift. 

 

[Kenkoko]

Amzn is my only naked long position and will probably remain so until the recession is over.

This pandemic is a game changer for Amazon.

 

[momopi]

Increased limit orders on SPY 250-200 in $5 ladder steps.

(Update:  Switched to VOO 225-190 in $5 ladder steps)


If DOW dips below 20K I might pick up SSO and TQQQ.

Why do I think that we'd dip again in an U or W instead of upswing on the "V" ?  Because this is 'Merica and we have to hit all the tree branches with our foreheads on the way down.  That's how we roll into 3Q 2020.

 

[usctrojancpa]

Anyone who thinks we will have a "V" recovery is delusional, the recovery will definitely be more of a "U" and might be a "W" if we have the virus come back in the fall/winter.  Behaviors will change as a result of what has happened including unemployment being higher than when we went into this even after there is a vaccine.

 

[Agent Joe]

Reviving old thread.

Setup descending/ladder limit orders on GE from $6.50 to $5.00 in $0.50 steps (6.50-6.00-5.50-5.00).  Not big money, just few hundred dollars per order.  $6.50 executed today.

I had 3 stocks under consideration, GE, Ford and MRO.  Out of the 3 I think GE has better prospects.
https://www.genewsroom.com/press-releases/ge-announces-further-actions-solidify-financial-position

I hope you're right but keep in mind GE Aviation has been carrying rest of GE in the past several years and we all know what is going on in the aviation industry.

 

[momopi]

Reviving old thread.

Setup descending/ladder limit orders on GE from $6.50 to $5.00 in $0.50 steps (6.50-6.00-5.50-5.00).  Not big money, just few hundred dollars per order.  $6.50 executed today.

I had 3 stocks under consideration, GE, Ford and MRO.  Out of the 3 I think GE has better prospects.
https://www.genewsroom.com/press-releases/ge-announces-further-actions-solidify-financial-position

I hope you're right but keep in mind GE Aviation has been carrying rest of GE in the past several years and we all know what is going on in the aviation industry.

I've been buying small amounts ($100-$300) of various higher risk stocks and REIT's that got hammered.  I would not recommend betting your life savings on them.


The much larger purchases go toward S&P 500 ETF's.

 

[momopi]

Hmm.

Scotts miracle gro (they sell potting soil and fertilizer) stock (SMG) has been outstanding.

 

[irvinebullhousing]

Hmm.

Scotts miracle gro (they sell potting soil and fertilizer) stock (SMG) has been outstanding.

Everyone seem to cook more at home, bread baking too.

And taken your advice all are now farmers and grow their own food and vegetables, that?s why.

 

[momopi]

I picked up some FSENX and FSESX this week.  Figured whenever the quarantine ends people will wander back to the gas pumps.

I chose FSENX because it's more diversified than FENY and VDE ETF's. 

If energy stocks have another big drop I might pick up XLE.

 

[irvinebullhousing]

This is a beaten down dogs. I think it has good potentials upward swings, now that tensions escalate further with Iran. If Iran provoke enough, live ammo will be ultilize on personnels and war could ensue. I setup market order for VDE as well.

 

[momopi]

Getting ready for next dip.

 

[paydawg]

Getting ready for next dip.

ROKU
TTD
FSLY
BAC
TWLO
FB
PINS
NVTA

I have stakes in all of these.  I was eyeing but never pulled the trigger (but should have) on the following:

NVDA
SHOP

Now I'm eyeing the following:

LVGO
AYX
OKTA
WORK
SQ
MDB
MELI

 

[OCLuvr]

No GOOG?

 

[paydawg]

No GOOG?

I think I already have sufficient GOOG/AMZN/AAPL/MSFT exposure in the various funds I own.  But based on their earnings from earlier today...GOOG is a good one too.

 

[eyephone]

Reviving old thread.

Setup descending/ladder limit orders on GE from $6.50 to $5.00 in $0.50 steps (6.50-6.00-5.50-5.00).  Not big money, just few hundred dollars per order.  $6.50 executed today.

I had 3 stocks under consideration, GE, Ford and MRO.  Out of the 3 I think GE has better prospects.
https://www.genewsroom.com/press-releases/ge-announces-further-actions-solidify-financial-position

I hope you're right but keep in mind GE Aviation has been carrying rest of GE in the past several years and we all know what is going on in the aviation industry.

I've been buying small amounts ($100-$300) of various higher risk stocks and REIT's that got hammered.  I would not recommend betting your life savings on them.


The much larger purchases go toward S&P 500 ETF's.

I would avoid Reits.

 

[momopi]

Looking to pick up SSO at $90 and below (fingers crossed).

I just don't get why so many investors rushed into W (Wayfair).  I mean this company lost $2.3 billion in recent years, and despite increase in sales and revenue in 1Q 2020 due to Coronavirus (and closure of competing retail stores), it still suffered a quarterly loss of $285 million.  Yet the stock was ballooned from $22 up to almost $200 before the dip.  Like what the heck?  Are people expecting Wayfair's CEO to suddenly come out of the closet and say that they actually had a hidden vaccine R&D wing in a cave behind the sofa section and has developed COVID-19 cure?

 

[eyephone]

If the articles are true future cruise ship bookings are up. Time to buy?
(does not mean you will find me on a cruise ship anytime soon)