Boiler Room: The Official Stock Market Discussion

[Serious]

Definitely just an investor the simpler the strategy the better for me. Time horizon depends largely on the housing market. At some point I’m going to take a sizeable portion of my investments to use for a down payment. But if interest rates are still high and the overall prices of houses aren’t falling to counteract that I will stay put

Let’s just say going long on half my portfolio

If you’re using your Roth IRA free feel to trade in and out shyt like sqqq, spxs, sdow.

That’s easy money if you’re doing it in a tax delayed/ deferred account. Plus you can take money out penalty free for a house.

However just remember if you’re trading in a regular public account. For all your trades, you’re paying higher percentage on capital gains, plus it’s increasing your overall taxable income. It may not be as lucrative as staying put. However don’t forget this also a great time to take a 3K loss to reduce your tax burden, if you haven’t already.

Can You Deduct a Capital Loss on Your Taxes? - Experian

Here’s how to deduct the capital loss when you sell an investment for less than it cost.

www.experian.com

If you have speculative stocks or shytty companies I’d “consider “ reducing a position in there, because those are usually what get hit the hardest in a downturn and take a longer duration to recover.

If you’re going longer, like hypothetically your time horizon is mid late 2024 for a house. DCAing isn’t a bad idea.

Because macro wise there’s a few things that’ll “probably” be occurring to push the market up.

I believe student loans coming back online will break something. Also the interest rates still haven’t fully trickled into the economy yet, but by Q1 2024 we should start to see a reduction interest rates, plus the biggest catalyst of next year, the president cycle, its “normally” a bullish time in the market.

What Is Presidential Election Cycle Theory?

Presidential election cycle theory is a theory of stock market performance that attempts to explain stock market performance using four-year presidential election cycles.

www.thebalancemoney.com

All this us speculative though and I’m not a financial advisor.

You should do your own research, before taking any advice.

My personal plan is to stay hedged. So if we dip, I have a short position in the stocks I mentioned above, but long term everything im currently in, im looking for buying opportunities, so I’ll be DCAing while following my companies closely.

 

[Domingo Halliburton]

What other stuff has he done? I don't follow the Mets or him. But you said he cheated his way off.

All the bs big option buys prior to an announcement piss me off...

He insider traded his way to being a billionaire. I don't know if it's still there but there was a whole documentary on Netflix about his insider trading and almost going to jail over it. But hes mega rich so he just got a slap on the wrist.

 

[Slim]

He insider traded his way to being a billionaire. I don't know if it's still there but there was a whole documentary on Netflix about his insider trading and almost going to jail over it. But hes mega rich so he just got a slap on the wrist.

I never got far into it but in the Showtime show Billions isn't Bobby Axelrod, who the DA is investigating for insider trading, based on Cohn?

 

[mson]

Damn tech correction! Whatever the fukk that means.

 

[Regular_P]

What other stuff has he done? I don't follow the Mets or him. But you said he cheated his way off.

All the bs big option buys prior to an announcement piss me off...

The book Black Edge goes into detail about his insider trading and how he insulated himself from prison time because of how he structured his company. Had people take the fall for him Trump style dude. The guy is a complete piece of shyt.

 

[Doomsday]

He insider traded his way to being a billionaire. I don't know if it's still there but there was a whole documentary on Netflix about his insider trading and almost going to jail over it. But hes mega rich so he just got a slap on the wrist.

Shid, I ain't the police. Follow the money I say.

Lemme know if homie invests in anything else. I'm eating good off Prax so far.

 

[Serious]

And we move on.....


There was a minor sell-off in the middle of the week, but a decent recovery occurred towards the end of the trading day on Friday.

This week, several significant market influencers are worth noting: NVDA's performance on Wednesday, DollarTree's report on Thursday morning, and the earnings releases of Affirm and ULTA after hours.

Positive results from NVDA could potentially drive up AI stocks, along with other companies under QQQ, in a synergistic manner.

Recently, Ross and TJ Maxx outperformed expectations in their earnings, potentially setting the stage for Burlington to follow suit.

ULTA holds strong market influence, particularly due to increased spending by women on beauty products, even during economic downturns. It would be beneficial if there were an ETF dedicated to beauty stocks like ULTA and elf.

While I'm interested in establishing a position in ULTA, I prefer sector investment over individual equity. However, the ETFs I've encountered mostly allocate only around 2.5% of their weighting to ULTA. TGT hinted in their earnings call that their ULTA section performed exceptionally well.

Regarding Affirm, I'm keen on the insights their guidance and landscape can offer about their clients. I'm particularly interested in whether there's an increase in client defaults. The notion of investing in Affirm is appealing, yet it's important to consider the risk of the company becoming overleveraged if a significant number of clients default and debt collection becomes problematic.

Sidebar:

In Q1, Michael Burry purchased ZM, but as of Q2, he has exited his position. It's unclear what motivated his decision to invest in ZM post-COVID.

One more aspect to bear in mind: On Friday, J "put gawd" Powell is scheduled to speak at Jackson Hole. The prevailing "sentiment" I'm encountering indicates an anticipation that Powell might employ language hinting that the FED has further plans for interest rate hikes, or possibly, is nowhere near considering cuts.

Having said that, I want to emphasize that I am not a financial advisor

These viewpoints are solely my personal opinions. I encourage everyone to conduct their own due diligence and not unquestioningly adhere to anything discussed in this conversation.

 

[BlaxOps]

TOP STOCKS TO WATCH FOR THE WEEK OF Aug 21, 2023

This video covers earnings this week, Jackson Hole Summit, Lowes, Nvidia, Splunk, Dollar Tree and Meta Platforms.

 

[chineebai]

I think it’s pretty clear they’ll keep raising rates based on fed minutes last Wednesday. Terminal rates at5.5 probably will need to be 6 as inflation still too high with the narrative remaining hawkish. I can’t see Powell having a different route. Just my opinion.

 

[chineebai]

Any sign of a negative sentiment on nvda this week will trigger selling. Nvda has been a star for Wall Street and the media. They’ll likely go the Msft route where all they talk about is ai.

 

[chineebai]

Oxy looks good if it can close above 65.

 

[Skooby]

As long as the United States is around defense stocks will never lose.

Pentagon space arm awards $1.5 billion contract to Lockheed Martin and Northrop Grumman for communications satellites

The Pentagon's Space Development Agency on Monday awarded $1.5 billion in contracts to Lockheed Martin and Northrop Grumman.

www.cnbc.com

 

[Serious]

ZM is interesting as heck to me, because I would have thot Big Tech Ja Ruled them by now:

KEY POINTS

• Zoom surpassed expectations on the top and bottom lines and pushed up full-year guidance.
• During the quarter Zoom said customers can start free trials for automated meeting summaries without recording calls.

• Earnings: $1.34 per share, adjusted, vs. $1.05 per share as expected by analysts, according to Refinitiv.
• Revenue: $1.14 billion, vs. $1.12 billion as expected by analysts, according to Refinitiv.

Zoom beats expectations and lifts full-year guidance on enterprise business strength

While the consumer part of Zoom doesn't look as strong as it once did, the enterprise side looks robust enough for executives to raise their forecast.

www.cnbc.com

They're up AH

 

[Serious]

NU price target by UBS increased from 8.5 to 9.3

UBS Analyst Maintains Buy Rating on Nu Holdings with Revised Price Target

As of August 21, 2023, Thiago Batista, an analyst at UBS, maintains a Buy rating on Nu Holdings (NYSE:NU) and

beststocks.com

We feeling ride these jet streams and turbulence into the sunset.

 

[Regular_P]

Interesting read. Ichan is a real piece of shyt. Glad somebody fukked him over like he's been doing to others for decades.