Another holding GOOGLE....reports next week.......along with some other BIG name stocks. Here is what is being said ahead of that report which will happen on Tuesday. Alphabet Could Hit New All-Time High on Strong Q1 Earnings; Target Price $2,461 https://finance.yahoo.com/news/alphabet-could-hit-time-high-155039726.html (BOLD is my opinion OR what I consider important content) "Alphabet, the parent of Google, the world’s largest search engine that dominates internet search activity globally, is expected to report its first-quarter earnings of $15.54 per share, which represents year-over-year growth of over 57% from $9.87 per share seen in the same quarter a year ago. The Mountain View, California-based internet giant would post revenue growth of more than 25% to around $42.2 billion. It is worth noting that the company, on average, has delivered an earnings surprise of over 25% in the last four quarters. Alphabet’s better-than-expected results, which will be announced on Tuesday, April 27, would help the stock hit new all-time highs. Alphabet shares surged more than 30% so far this year. At the time of writing, the stock was trading nearly flat at $2,282.8 on Thursday – close to the record high of $2,304.09. Analyst Comments “GOOGL still favorable set up after strong YTD gains. GOOGL has outperformed major indices YTD as investor sentiment turned positive. Our checks have been broadly positive, indicating accelerating momentum in the ad business and sustained strength in Cloud,” noted Brent Thill, equity analyst at Jefferies. “GOOGL remains a top large-cap pick as we believe it should benefit in 2021 from ad spend recovery, pent-up demand for Google Cloud, and call options on Waymo and other non-advertising initiatives.” Alphabet Stock Price Forecast Thirty analysts who offered stock ratings for Alphabet in the last three months forecast the average price in 12 months of $2,461.66 with a high forecast of $2,953.00 and a low forecast of $2,100.00. The average price target represents a 7.89% increase from the last price of $2,281.60. All of those 30 analysts rated “Buy”, according to Tipranks. Morgan Stanley gave the base target price of $2,350 with a high of $2,800 under a bull scenario and $1,650 under the worst-case scenario. The firm gave an “Overweight” rating on the internet giant’s stock. “Google Websites growth is likely to rebound in ’21 as we believe there are several underappreciated products driven by mobile search, strong YouTube contribution, and continued innovation, such as Maps monetization. Continued expense discipline leads to operating leverage and upward revisions on EPS estimates,” noted Brian Nowak, equity analyst at Morgan Stanley. Several other analysts have also updated their stock outlook. Jefferies raised the target price to $2,700 from $2,400. Alphabet had its price target upped by investment analysts at Mizuho to $2,600 from $2,350. The firm currently has a “buy” rating on the information services provider’s stock. Moreover, Oppenheimer lifted the target price to $2,350 from $2,250. JP Morgan increased the price target to $2575 from $2390. Cowen and company upped the target price to $2,600 from $2,400. MY COMMENT This little article....will serve as a marker.....for the ACTUAL earnings next Tuesday.
I am hoping they will forget about it as well, and like you said 'get on with the business at hand". New taxes will happen when they happen, best to just get on with it and don't get distracted whining about it. Spend the energy thinking of ways to increase your own productivity or income. Although I must admit I do enjoy a good RANT myself every now and then.
I am not an investment advisor , or tax advisor , and responsible for only my own investments and taxes. And MISTAKES !! I do know that I would get a ROTH IRA opened up, with 10 years left before retirement, then using your trad ira for a couple years, you could squirrel away a pretty good amount of money that grows tax free, and is tax free when you withdraw it. I can't tell you if it would make sense to convert your TSP to a ROTH IRA , it depends on a few factors , however it might be worth investigating especially in light of the recent comments from the administration, it may be wise to do it now, rather than wait. Again another question for the professionals. There is this article addressing TSP conversions it's from 2018 but I think the rules still apply .... Anyone ?? https://finance.zacks.com/roll-over-tsp-roth-ira-2244.html How To Roll Over TSP Into a Roth IRA By: Eric Bank, MBA, MS Finance | Updated December 16, 2018 The Thrift Savings Plan, or TSP, is a qualified retirement plan for members of the U.S. uniformed services and federal employees. It operates like an employer 401(k) plan, offering the same kinds of tax benefits. If you belong to the TSP, you can elect to transfer or rollover some or all of your TSP balance to a Roth IRA. The rules governing this kind of transaction depend upon the type of TSP account that sources the transfer, and the method by which you move the money. Characteristics of the TSP The TSP, like a 401(k), is a defined contribution plan, allowing participants to defer current earnings through contributions to their account. For 2019, TSP participants can defer up to $19,000 in annual earnings (any combination of basic pay, special pay, bonus pay and incentive pay) plus another $6,000 in catch-up contributions for participants who have reached age 50. Employers can make additional contributions to bring the total annual addition to $56,000 (not counting catch-up contributions). Participants can choose to divide their contributions between a pretax traditional TSP account and a posttax Roth TSP account. Traditional TSP Accounts Your elective deferrals to a traditional TSP are tax-deductible, and the earnings they generate are tax-deferred. You pay ordinary income tax on distributions from your traditional TSP account, and may have to pay a 10 percent early withdrawal penalty on distributions taken before age 59 ½. However, the penalty might be waived if the distribution qualifies for certain exceptions. Roth TSP Accounts A Roth TSP accepts posttax contributions from employees. These contributions do not offer a tax deduction, but can be withdrawn tax-free at any time. Earnings on contributions can also be distributed tax-free and without the 10 percent penalty tax if they meet two conditions: The distribution occurs after a five-year period from the beginning of the year of the initial Roth contribution, and The distribution occurs on or after age 59 1/2, or you have died or become totally disabled. Any distribution of earnings that meets these criteria is tax-free and is known as a qualified distribution. Exception to Penalty Tax Nonqualified distributions from your TSP account are taxable. In addition, they are subject to a 10 percent penalty tax unless they are: Paid after you reach age 55 (50 for public safety employees) and you separate from service. Paid in a year in which you have deductible medical expenses in excess of 10 percent of your adjusted gross income. Ordered by a court. Part of a series of substantially equal payments made over your life expectancy. Annuity payments. Refunds from automatic enrollment. Tax-exempt contributions from pay earned by a member of the uniformed services in a combat zone. Made to reservists called to active duty for more than 179 days. Note that the list of TSP penalty tax exceptions differs from those available from an IRA. For example, IRAs provide exceptions for reasons of education and home purchase. Moving TSP to Roth IRA There are two methods to move money from your TSP account to your Roth IRA. The first is called a transfer, and takes place directly between the trustees of the TSP and Roth IRA accounts. The second method is called an eligible rollover distribution (ERD), in which the money is withdrawn by the participant and then deposited into the Roth IRA account within 60 days. Employers withhold 20 percent of an ERD, but no withholding is performed for a transfer. If you have both a traditional and a Roth TSP account, all withdrawals are proportional based upon the balance of each. For example, if your Roth TSP account balance represents 40 percent of your total TSP balance, all distributions will come 60 percent from your traditional account and 40 percent from your Roth account. Furthermore, Roth TSP distributions are made in two pools, one each for contributions and earnings. For example, if your Roth TSP contains, say, 70 percent contributions and 30 percent earnings, distributions will be divided 70 percent in a contributions pool and 30 percent in an earnings pool. Me again : This article goes on for a bit more BIGMALX, one other thing I do know is that if you do transfer accounts you want to make sure that your Broker handles the transaction, do not close an account out ,and take control of the money yourself, to open an account somewhere else. You will be liable for the entire distribution taxes all at once.
Thanks for your comments and suggestions, I really appreciate it. I have been doing a great deal of reading and research since the question earlier. I think the traditional IRA rollover will suit my needs, because my TSP is traditional, not roth. Thsnks again.
Well Intel is sure taking a dump this morning, I guess all that good news (sarcasm) is taking it's toll. DOWN 6% at the open All of my etf's are green at the open, but I have a good chunk of Intel that is eating up most of the green ARGH Question: what happens when the most dominant player in the field starts to get old and losses it's advantage over the other competitors ??? Intel's new chip is behind schedule, they are losing market share on the Data Center front, Apple and Amazon are going to in-house on there future chips. I do not envy the new CEO Possibly time to contemplate a change Hmmmmmmmmmmmmmmmmmm AMD ? Micron ? TSM ?
I really dont follow INTEL....but I did own it for many years back in the days when it was booming and the POSTER CHILD FOR MOORES LAW. You know the stock way better than I do.....Oldmanram.....but....there comes a time when you just have to say GOODBYE......turn out the lights.....the parties over.......to an old friend stock. My....non educated opinion.....the company has been having issues for 3-5 years now....laying off employees....management....etc, etc,. They are RARELY mentioned as a leader or innovator in their field anymore. What is your analysis of the company over the past few years ........and.....going forward?
I notice that BITCOIN has taken a SIGNIFICANT drop today and recently is DOWN about 25% from their recent all time high. I know the young guys are taken with Crypto. I have followed Bitcoin since the last BIG run up. At that time it ran from around $1000 to.....in the area of $20,000 in a very short time. I bought ONE Bitcoin back than at about $2900. I intended to hold it for the very long term as a FLYER.....in case it went into the hundreds of thousands per coin. BUT....I ended up selling parts of my one coin between $12,000 and about $19,000. I have NO advice for the young guys speculating and trading in CRYPTO. BUT......I will say.....be very careful. The history shows that this asset is EXTREMELY volatile and CAN and WILL go down just as fast as it goes up. Without being a trader of this assett I can still give the advice......DONT use leverage in trading and speculating in these "coins"......and....DONT bet your LIFE SAVINGS or more than you can afford to LOSE. As to DOG COIN......no comment. With the current DROP.....It will take a gain of about 33% going forward to retake that high of about $64,800.
You guys are funny... you know Emmett, the Home Depot where I bought the S120model is literally down the block from us... don’t you think I asked them if I can ride it down to my property?? The store manager said just don’t tell me about it lol Anyways, yes! I love it! And I’m sooo into it now.... makes me look forward to tending my lawn every day... it’s like I found a new toy! As to the proposed capital gain tax - give me a fu**n break!! Such a joke! They make it seem that this is taxed on the small rich population in this country that is making over a million a year... um.... no! This is gonna be taxed on ANYONE who owns ANYTHING including real estate and businesses that are looking to sell for over a million.... that is a pretty big chunk of our country... Notice that the proposed tax is increasingly higher in places like NY and CA... places where almost everyone who owns properties there are worth easily a million dollar... like 80% of the properties and businesses that have invested AND paid property and income taxes for generations! So if you’re that hard working American family living in NY and for DECADES (centuries?) worked hard and now you decide to retire and sell your properties/business- well you’ll have to kick back almost 60% of that to the government. What a great shame I’m up bigly today so far. But yesterday I was down... this is the way things are now.... I got used to it... excellent... we’ll have to wait and see where it will EVENTUALLY go, just a matter of time... I’ve got nothing but time, and acres of land to mow till the market picks a side
One of my favorite topics......the investment professionals. Hedge funds have been having a hard time lately.....as have the banks that fund their leverage and speculation. I really dont care how the wealthy invest their money or if they use Hedge funds. BUT.....I do think it is an interesting commentary on the ability of TRADERS and short term investors......arguably the best of the class. Here is another example. Hedge Fund Collapse in Sweden Puts Spotlight Back on Quants https://finance.yahoo.com/news/hedge-fund-collapse-sweden-puts-180000605.html (BOLD is my opinion OR what I consider important content) "As one of Sweden’s oldest hedge funds shuts its doors, its chief acknowledges the firm’s quantitative strategies failed to cope with pandemic-induced market ructions. Lars Ericsson, the chairman of soon-to-be defunct Informed Portfolio Management, said the fund’s medium-term models failed to handle the shock that hit markets in early 2020. “When the pandemic came, it was a total surprise for the models,” he said on Thursday. But he rejected the idea that quants have had their day. “There is definitely a future for quantitative hedge funds.” IPM, a systematic macro fund based in Stockholm, started bleeding client money more than a year ago, with about $4 billion in assets under management flowing out since late 2019, leaving it with only $750 million. Its main owner, Swedish investment firm Catella AB, tried to find buyers until the last minute, but threw in the towel. The fund then managed to come back from the brink, but bad trades that predated the pandemic came back to haunt the fund. Its relative equity models had been weighing on performance for years, due in part to a strategy relying on value stocks. This year, IPM’s models misjudged the relative gains in interest rates. Ericsson says he still thinks everything would have worked out had IPM had a little longer. As recently as half a year ago, it even hired some people from Goldman Sachs to help build out its business. But client withdrawals were too intense, and the fund had to give up. “We were about to add some short-term factors, which would have been good diversifiers,” he said. “But unfortunately, we won’t get that chance now.” Industry in Decline? IPM joins a growing list of hedge funds shutting down in recent years as investors rethink their allocations to the industry. More hedge funds have closed than started in the last six years, with 770 of them shuttering in 2020, according to data compiled by Hedge Fund Research Inc. Last year was particularly tough for computer-driven quant funds, including behemoths such as Renaissance Technologies, Winton and Two Sigma. IPM’s systematic macro strategy applied fundamental macroeconomic principles to rank asset classes and economies. It then allocated money across asset classes including sovereign debt, equity indexes, commodities and currencies across the world. The model was based on historical statistical data, and relied heavily on computers. Year-to-date, its systematic macro fund generated a negative return of 7.7%, according to data compiled by Bloomberg. For all of 2020, the return was minus 3.8%. Jonas Thulin, who oversees $6 billion as head of asset management at Erik Penser Bank AB in Sweden, says Ericsson is right to defend quant strategies, despite IPM’s demise. However, Thulin, who’s been able to increase assets under management roughly fourfold since 2018 using macro strategies, says quant models become dangerous when applied too narrowly. The Killers “The usual killers of quant strategies are so-called paradigm shifts and shocks,” he said. Thulin says the way around this is a methodology he calls “dynamic macro.” The idea is that asset managers “constantly run parallel universes of historical relationships and explanatory variables and structures.” Part of the idea is also that the model isn’t used to predict the future, “but rather, the market’s perception of the future,” which requires a human sanity check. That approach helped Thulin deliver a 26% return over the past year on his firm’s multi-asset portfolio, compared with the 5-7% annual return it targets. The global stocks portfolio he oversees is up 39% over the period. Ericsson notes that the long-term trend suggests that the share of total assets being managed under quantitative strategies is increasing, “even though there may be a temporary setback now.” But for IPM, “assets under management decreased faster than we had expected and with that asset base it is difficult to maintain the quality we want.”" MY COMMENT I LOVE all the TERMINOLOGY used by these....."professionals".....classic stuff like: "systematic macro strategy applied fundamental macroeconomic principles to rank asset classes and economies" "We were about to add some short-term factors, which would have been good diversifiers" HOW IN THE WORLD.....does anyone FAIL to notice what was going on with the entry into the pandemic last year and take appropriate action? EVERY single investor posting on this board.....saw and knew EXACTLY what was happening last year......and.....came through the MESS just fine. I just love that......"when the pandemic came it was a total surprise to the models"......well DUH.....did any human step in and use their BRAIN? I ALSO....love that they......even brought in people from Goldman Sachs to try to save their bacon. This is a classic case of an investor.....playing with billions of other peoples money....that had a system and had ABSOLUTELY NO vision or ability to see what was happening right in front of them. A CLASSIC case of human brain driven investor behavior....also.....a classic case of short to medium term speculative thinking. Meanwhile....us little investors...with out long term focus....just plug along.....as usual. I continue to be fully invested for the long term as usual.
I used to love to mow Zukodany. So relaxing.....and I was able to do a lot of thinking while mowing. A great way to do investment thinking, business planing, etc, etc, while IN THE mowing ZONE. Or....a good way to just ZONE OUT and tune out everything going on in the world.....get down to the basics.....mowing grass.
This whole crypto currency is a big fat inflated balloon waiting to explode. You don’t write history in a year... it takes time... there is more and more clarity now about this whole .... “market”... it’s the return of the big NOTHING... How many times did markets experience it? Dot com bubble? Pyramid monopoly scheme? Tulip mania? The idiots will never learn from the past... only live the moment and die the next.... I’m perfectly fine with my investments and assets.... I’ve learned to respect the hand that feeds me.. give back... sit patiently and wait for my check to come in- it always does!
I had to look up your mower. It is NOT a mower.....sorry....it is a Garden Tractor. Even though we had a big tractor and front loader.......we still used our Garden Tractor for mowing fence lines.....pulling a 50 gallon sprayer....and other farm work. It was a work horse for areas and jobs that the tractor was too big for. You are going to love that machine.
Yes it is a tractor. You know me... city boy from queens... calling everything a mower... well it has blades and chops grass right?? Lol Anyways.. it is a very relaxing and fun ride... but the work is not JUST riding it atop of the lawn... it’s picking the branches (we have over 20 BIG trees in our property).. blowing the leaves... fertilizing... the whole 9.... Uncharted territory for me and I’m learning AND having fun as I go (tried to upload a pic but it’s too damn big)
POOR COINBASE. I am so glad that I decisively pulled the plug on my short term momentum trade in this stock on the first day with a loss of somewhere around $1000 (I am too lazy to look up the actual amount, but it is in an earlier post) With the current price....if I had held on....I would now be down by $10,000. A good example of the DANGERS of short term speculation. Fortunately I KNEW the danger of what I was doing....but I still did it anyway. Just a good example of how even the most well thought out plan for the short term can be very dangerous. If I had not been away from the computer when I had a gain of $5000 on the first day...I like to think that I would have sold and taken my gain of $5000 and been satisfied. That was my goal in the trade.....to make between $5000 to $10,000 short term based on MOMENTUM. BUT...would I have sold? Who knows...would greed have taken hold of me?
You bring back many memories of living in the country Zukodany. Tree limbs and debris. leaves, lots of work to maintain property.
LOVE the couple of posts above....well done Emmett and Zukodany. I just looked at my account for the first time today.....making some money. We are going to take a GOOD run at ending the week dead even or with a very slight gain if this keeps up. My "feeling"....a good day for the markets to move strong into the close and the weekend.
One of my holdings Honeywell released earnings today. GREAT results....but....the stock is being punished. For some reason the "experts" feel compelled to compare the earnings......BEATS.....to the pre-pandemic data. Typical stuff. Honeywell International Inc. (HON) Tops Q1 Earnings and Revenue Estimates https://finance.yahoo.com/news/honeywell-international-inc-hon-tops-120512107.html (BOLD is my opinion OR what I consider important content) "Honeywell International Inc. (HON) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.80 per share. This compares to earnings of $2.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this company would post earnings of $2 per share when it actually produced earnings of $2.07, delivering a surprise of 3.50%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Honeywell International Inc.Which belongs to the Zacks Diversified Operations industry, posted revenues of $8.45 billion for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 3.99%. This compares to year-ago revenues of $8.46 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Honeywell International Inc. Shares have added about 6.9% since the beginning of the year versus the S&P 500's gain of 10.1%. What's Next for Honeywell International Inc. While Honeywell International Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Honeywell International Inc. Was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.86 on $8.31 billion in revenues for the coming quarter and $7.91 on $34.47 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Diversified Operations is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1." MY COMMENT Very nice earnings report....especially for a business that is very much connected to manufacturing, airlines, etc, etc. The company has held up nicely during the pandemic and with the re-opening happening quickly they.....have the potential....for killer earnings going forward. Of course they are DOWN today. My ONLY other stock down today is PG. HON has been a nice reliable performer for me over the past years. When I added it to my portfolio I was not sure if it would stick for the long term. It has done well for me. Seems to be a very well managed company.
