I might be looking to start a position soon on DHI or LEN. I never like to chase these homebuilders at the highs, they will always come back down and give you a chance to get in
JPMorgan's Jamie Dimon cautions a U.S. default would be 'potentially catastrophic' (cnbc.com) I wish when my credit card is maxed out every time, I can just call my credit card company to increase my credit line lol I don't think the default is going to happen but if it does then the stock market probably would crash, the market probably will get a lot more concerned about the possible default if the debt ceiling still isn't raised as we get closer to the middle of October.
Basically everything got hammered today; BBBY- Bed Bath and Beyond down 22% today to 17.32$ KMX- CarMax dropped 12-13% also down to 128.50$ and I think KMX could be in trouble as the Used/New Car Market dries. SPCE somehow managed to go up 12% today so I pulled the trigger on a quick 1-day buy and sell. DIS sitting at 169$, This seems like a decent entry point V, Visa at 222.75$ seems good also Today's only move was a SELL on SPCE Tomorrows moves: (adding to existing positions) VOO AMZN GOOGL ATVI ABT TRU New positions: EADSY, Airbus KKR, KKR & Co. DKNG, DraftKings BABA, Alibaba
TREE aka Lending Tree might be one of the best opportunities out there... IMO PRTY aka Party City @7.10$ seems like a good entry point also
I stopped paying attention to PRTY long time ago but I am pretty surprised to see it is trading at $7s now, last time I checked it, it was trading at $1s and people were talking about the possible bankruptcy. I guess they had a decent turnaround
Must have been a very long time ago, looking at it's past 5 years it was from 2016-2018 it was mostly trading in the 13-18$ range Looks like it was around the 1-2$ range during the height of the pandemic, which makes sense... but has been climbing back out ever since.
The housing market probably has peaked, I think it is somewhat baked in since those homebuilder stocks have gone down a lot from their highs. I am not in yet but watching
Yeah I probably checked the stock price around the beginning of the pandemic, can't exactly remember. I have visited Party City just once or twice in my lifetime, not sure how well their businesses are doing now. Would be interested to hear from those who visit that store often
Dollar Tree Stock Surges On Share Buyback, Price Item Boost Plans - TheStreet Dollar Tree boosted its share buyback program to $2.5 billion, and said it will begin testing the sale of $3 and $5 merchandise. Will be interesting to see whether people will buy those more expensive items there
I think the housing market has definitely peaked. I think we are going to see a massive reset as mortgage holders begin processing foreclosures/ evictions again as does the rental market.... For the past 12-18 months it's been a market that has seen only buying and selling from qualified consumers while anyone who lost their jobs or other financial problems have been able to stay in their houses and apartments under Federal Gov't protection .... Now that evictions and foreclosures are hitting the judicial system, I definitely see a complete reset of Supply and Demand. These supply chain cracks and shortages in labor are becoming the story. Im part of the statistic of a person who has just completely removed themselves from the labor force due to lack of quality work. The bulk of the jobs, at least in my area are service industry jobs which are only a shave above minimum wage and come with terrible working hours. All the quality jobs were retained during the pandemic. It is as though the Pandemic caused companies to "weed out," any staff that were not essential to operations and these companies have now adapted to those models. This has resulted in a bunch of low-skill workers looking for employment
I don't visit often, but I think they make their big bucks on Halloween; $45 for cheap outfits. But unless you know what party you're going to ahead of time and plan your outfit in advance, you're going to take what they give. They better keep the candy at $1. It's fine if they're talking about bringing in new, higher ticket items. Yeah, electric vehicles still have a large carbon footprint. All that electricity comes from coal. Wonder if the "Think Green" people will start turning to nuclear? Truly, it is greener than electricity if that is all you're thinking about. Just sometimes you get a meltdown lol.
NDX needs to finish above yesterday's close of 14690. Currently in the red by 50 bps, but it can turn that around. There are some bearish stats when it closes down 5 days in a row.
Good job NDX getting in the green. Still, hourly chart has not broken above the 50ma. I think next week will see a little retracement.
The SPX collapsed farther than I wanted--even though it was a possibility according to my theory. I added more at 4300 and then exited all positions at around 4360 to be just above break even. Still at all time high for my account. But, I want a better opportunity next week. I want to go in long again at 4330 or non-above next week if it happens. Crazy times.
Here are the notable earnings releases as well as the highest volatility earnings releases due out for next week courtesy of earnings whispers (not too much to see on here...but the ER season does kick back up again in earnest in a couple weeks from now). And here is the market week ahead thread which is now up on the r/StockMarket subreddit for anyone looking for a quick read over this coming weekend: https://www.reddit.com/r/StockMarket/comments/pzjk2y/wall_street_week_ahead_for_the_trading_week/ I hope you all have a splendid weekend, and a great trading month of October ahead.
