well since we are on the topic, i draw the line at dusting. she is way too meticulous and an argument usually ensues. therefore, i go out and do yard maintenance.
EXACTLY.....I dont do dusting either......except for ceiling fans. I am surprised that we dont have any LADIES weighing in on this topic.....yet. Although with many of the names on here....you can not tell if they are male or female. As to investing....WOMEN do generally make better investors than men.....at least that is what a lot of my reading says. I am sure women......in general......tend to be more studied and steady investors. Not as much risk taking and gambling behavior as male investors. Probably also tend to do more research.
THIS thread covers many topics relevant to investing........and some that are not. A TRULY full service thread. Where else can you get investing content......PLUS.....info on house cleaning and boat maintenance. A veritable......FOUNT OF KNOWLEDGE.
My 35 year old Kenmore vacuum works great, although the cord reel broke a couple of years ago. I had to 3d print a replacement part, to the dismay of my wife. That thing really sucks and the beater bar could be used in a brothel. Meanwhile, we have almost recovered yesterday's losses. I had a small buy order trigger but the market didn't fall enough to trigger my larger standing buy orders. Even with the discounted buy, we are a tiny bit below where we were on Friday.
... and we have fully recovered yesterday's losses. We are flat, within a few dollars, from Friday's high. I only mention it because, once again, doing nothing turned out to be the right thing.
Well, that was easy. I have recovered the account losses from yesterday. SO....we move on from here as though yesterday NEVER happened. I was in the green today.....all positions except for.....Nvidia and PG. I got beat by the SP500 by 0.26% for the day. A very PLEASING day for investors today.
For those that wish to GAMBLE....here you go. Robinhood targets July 29 debut as a public company https://www.cnn.com/2021/07/20/investing/robinhood-ipo-stock/index.html (BOLD is my opinion OR what I consider important content) "New York (CNN Business)Robinhood is planning to make its big debut as a public company next week. The trading app is expected to start trading on the Nasdaq Stock Market on July 29, a person familiar with the matter told CNN Business. The timing of the debut could still change, the person cautioned. Robinhood is aiming to raise up to $2.3 billion in an initial public offering that could value the controversial company at $35 billion. That means the IPO could make Robinhood more valuable than about two-thirds of the companies in the S&P 500. Robinhood has not officially announced an IPO date. The platform's IPO Access program, which allows users to request shares of companies at the IPO price before they start trading, lists July 29 as the expected IPO date for Robinhood. The blockbuster IPO comes during a boom on Wall Street. Despite a sharp selloff on Monday, US markets remain near record highs. The S&P 500 has nearly doubled since March 2020 when the pandemic erupted. Robinhood is betting that hot markets and its own rapid growth trajectory will overshadow the company's legal and public relations troubles. Revenue spiked 245% to $959 million last year as trading activity and user growth spiked. Last month, Robinhood was hit with the largest-ever fine from Wall Street's self-regulator over allegations it misled investors. Robinhood is also heavily reliant on payment for order flow, where it receives revenue in exchange for routing retail orders to high-speed trading firms. Gary Gensler, the chairman of the Securities and Exchange Commission, has expressed concern about the "inherent" conflicts of interest that exist in this business model. "These are not free apps. They are just zero-commission apps. The cost is inside the order execution," Gensler told lawmakers during a May hearing over the GameStop saga. Robinhood recently reached a settlement with the family of Alexander Kearns. The 20-year-old trader died by suicide last summer after seeing a negative balance of $730,000 on his Robinhood account and mistakenly believing he owed that amount. Robinhood has said its executives were devastated by the death of Kearns and the company has improved its options trading and customer service." MY COMMENT I have ZERO interest in this IPO....after the issues they have had this year. If it pans out there will be plenty of time years down the road to get involved.....but I am not planing to ever buy this company at this time. If this date....July 29.....holds it will be a QUICK IPO.....only 7 market days from now. Not a lot of advance notice.....this seems a bit strange to me.
SO......an EPIC day for the markets.......after the JOKE of a day yesterday. As I mentioned yesterday was an absolute EMBARRASSMENT. Stock market news live updates: Stocks rally in the face of COVID-Delta variant spread as jitters subside https://finance.yahoo.com/news/stoc...ly-20-2021-221841943-111046902-222733683.html (BOLD is my opinion OR what I consider important content) "Stocks rallied on Tuesday, with Wall Street recouping most of the previous session's steep losses, as bargain-hunting momentarily counterbalanced rising COVID-19 infections. On Monday, major benchmarks suffered their worst declines of 2021, overwhelming quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more communicable form of COVID-19 — pushed the Nasdaq and S&P 500 to their biggest drop in nearly two months, and sent benchmark Treasury yields to their largest decline in over 3 months as investors sought shelter from the uncertainty. The Dow's point drop was its worst since October 2020. However, investors reconsidered some of that pessimism in Tuesday's session, with some analysts pointing out that hospitalizations and deaths haven't risen as dramatically — and are far below where they were during the worst days of the COVID-19 outbreak. Major indices jumped, with the Dow clawing back more than 1% on the day as traders snapped up bargains. "There are some silver linings,"Clear Bridge Investment Strategy analyst Josh Jamner told Yahoo Finance Live. "So far, hospitalizations remain low. It seems like the vaccines are very effective against this. That leads us to be optimistic." This week's batch of earnings will include industry leaders like Netflix (NFLX) and Johnson & Johnson (JNJ). According to data from Bank of America, second quarter earnings per share are tracking 3.5% above consensus, led by financials, with raised guidance and better-than-expected topline results also strong. Still, the ongoing pandemic is proving increasingly difficult to control, even with a mass vaccination effort underway. Investors are fearful that soaring infection rates may trigger new round of restrictions, the likes of which brought the economy to a screeching halt last year. Already in Los Angeles, authorities have re-instituted indoor masking requirements, a precursor to what could lie ahead. At least for one day, investors' urge to bargain-hunt from beaten-down stocks displaced concerns about soaring case numbers. “Whereas a 700-point drop might be a couple of days to get back, we’re seeing it within 24 hours,” Marketgauge.com partner Michele Schneider told Yahoo Finance Live. “That’s just the nature of the fact that the retail investors are so hungry and trained, well-trained, to buy every dip.” Analysts are cautiously monitoring key sectors that may suffer the most if rising infection rates spark new restrictions. "While most states appear unlikely to reimpose restrictions on activity, the upturn in infections still poses a downside risk to the economy over the coming months if it prompts people to voluntarily stay away from in-person services," Capital Economics' Paul Ashworth said in a note on Tuesday. This comes at a time when real consumption growth already appears to be faltering, as higher prices reduce purchasing power," he added. "The upshot is that real economic growth is slowing more sharply than we had originally anticipated, even before the potential impact of the new Delta variant." Against the backdrop of surging demand and prices, Corporate America continues to surprise investors to the upside with second-quarter earnings results. About 8% of S&P 500 companies have reported results so far, mostly banks. Of those reporting, 85% have topped estimates, according to FactSet data. After Tuesday's trading session, investors will absorb Netflix's Q2 earnings report. The streaming titan has been racking up Hollywood accolades, yet its stock has been treading water amid investor concerns about slowing growth as lockdowns ease. 1:30 p.m. ET: Analyst: Curb your enthusiasm over Robinhood Robinhood, the darling of the retail investing crowd and avatar of the meme stock revolution, is one of the most anxiously awaited IPOs of the year. But at least one analyst has serious concerns about the company's proposed valuation, business model and its regulatory exposure. In a lengthy note, David Trainer, CEO of investment research firm New Constructs spares no punches for what he thinks is likely to be Robinhood's "overpriced" stock and dubious outlook. Among the highlights: With Robinhood’s expected valuation of $35 billion, investors may have better odds of making money by trading risky meme stocks using Robinhood’s platform than by purchasing Robinhood’s overpriced stock itself. We think the stock is worth no more than $9 billion and that Robinhood will likely not be able to continue the robust growth it saw in 2020 due to looming regulatory risk, increasing competition, and an undifferentiated service. Robinhood’s main source of revenue stems from a controversial practice known as payment for order flow. If regulators were ever to outlaw payment for order flow, Robinhood’s revenue would be severely affected, creating an alarming risk for investors... Fidelity and Schwab can afford to continue offering free stock trading without the payment for order flow revenue thanks to their ability to leverage superior scale to generate meaningful revenue from other services, like asset management. At the end, Trainer really twists the knife with this line: "The mounting regulatory risk Robinhood faces makes us concerned that the public may see Robinhood’s stated goal to ‘democratize investing’ as a ruse to lure them into speculative trading and gambling that benefits Robinhood more than the individual investor. That said, there are many beautiful casinos in Las Vegas that are tributes to the willingness of millions of people to lose money gambling." MY COMMENT I guess he really does not like the Robinhood IPO. A typical.....FEAR....article. Full of words like....."clawed back"....."momentarily"......"almost"....."some".....and the killer...."at least for one day". BROTHER. The article states that 85% of earnings so far have been beats......I saw another article this morning that said....90%. Of course....it goes on the make the statement that we are ALREADY.....seeing a slowing in real economic growth sooner than anticipated. REALLY? I dont think so. A very.....shall we say.....difficult article for me to take seriously.
HERE is the BIG earnings report of the day....a real YAWNER.....in my opinion.....and....not particularly relevant to the REAL BIG CAP GROWTH companies. Netflix misses subscriber growth and earnings expectations https://www.cnbc.com/2021/07/20/netflix-nflx-q2-2021-earnings.html (BOLD is my opinion OR what I consider important content) Key Points Netflix reported earnings that missed on the bottom line and subscriber additions. The company’s revenue slightly beat estimates. The streaming giant also confirmed it was expanding into gaming. Shares of Netflix dipped about 1% after the bell Tuesday after the company reported earnings that missed on the bottom line and subscriber additions. The company’s revenue slightly beat estimates, and it confirmed speculation that it will expand more into gaming. Earnings per share (EPS): $2.97 vs $3.16 expected, according to Refinitiv survey of analysts Revenue: $7.34 billion vs $7.32 billion expected, according to Refinitiv Global paid net subscriber additions: 1.54 million vs 1.75 million expected, according to Factset Analysts hadn’t been expecting a blockbuster quarter when it comes to subscriber adds, expecting 1.75 million users according to Factset. The company said it added 1.54 million users to finish the quarter with over 209 million paid memberships. “COVID has created some lumpiness in our membership growth (higher growth in 2020, slower growth this year), which is working its way through. We continue to focus on improving our service for our members and bringing them the best stories from around the world,” the company said in a letter to investors. Netflix said its revenue growth this past quarter came from an 11% increase in average paid streaming memberships and 8% growth in average revenue per membership. Most eyes were on what Netflix anticipates for its third quarter. Netflix said it expects 3.5 million net adds, while investors had anticipated 4.87 million net subscriber additions in the third quarter, according to FactSet data. Much of the optimism comes from Netflix’s upcoming slate of content, as a large amount had been pushed back into the second half of this year and next year. In the first half of this year, Netflix said it has spent $8 billion in cash on content and expects content amortization to be around $12 billion for the full year. “If we achieve our forecast, we will have added more than 54m paid net adds over the past 24 months or 27m on an annualized basis over that time period, which is consistent with our pre-COVID annual rate of net additions,” the company said. The company confirmed it was pushing into the gaming space, as well. Netflix said it views gaming as a new content category, comparing it to its expansion into original films, animation and unscripted TV. Potential games will be included in Netflix subscriptions at no additional cost, the company said. Initially, the focus will be on mobile games. “We’re excited as ever about our movies and TV series offering and we expect a long runway of increasing investment and growth across all of our existing content categories, but since we are nearly a decade into our push into original programming, we think the time is right to learn more about how our members value games,” the company said. The company recently hired video-game executive Mike Verdu from Facebook, where he was vice president of augmented reality and virtual reality content, as the company makes a deeper push into gaming. Netflix is also facing pressure from tough year-over-year comparisons, since last year consumers were in the midst of the Covid-19 pandemic and spent much more of their time online and in need of entertainment. Netflix said that in its second quarter, its engagement per member household was down compared to last year, but was still up 17% compared with the second quarter of 2019. “The pandemic has created unusual choppiness in our growth and distorts year-over-year comparisons as acquisition and engagement per member household spiked in the early months of COVID,” the company reported." MY COMMENT I am NOT a fan of this business.....even though I am a subscriber. Their content is very STALE at this moment....it is hard to find things to watch and they have NOT updated many, many, series in a good while. My view is that these numbers are VERY POOR considering the continued impact of the pandemic which SHOULD be a GODSEND to this business. A POOR showing above. I DO NOT consider this any sort of a harbinger for the REAL big tech giants.
Earnings tomorrow....a bunch of banks and.....COKE, VERIZON, HARLEY, and Johnson & Johnson. At least.....those are the few that I will look at....even though I do not have any plans for any of these companies.
My only investing related content involves me writing, "No changes here." Even when I decide to make changes, I generally take months selling a limit order at a price I feel I need. The only time I sell at market is when I realize management is not honest. Then I just want to not own the company, as soon as possible, regardless of price. At this point, I have moved our portfolio into stocks that I believe will weather a global financial crisis. We also have a lot of cash that I'm not too worried about investing and I'm also not interested in locking up in a long term bond, or something. That cash will either be spent down over several years of retirement or it will be used to buy one or more companies at a discount. Time will tell how we will fair. Both vacuum discussion and observing paint drying is more interesting and dynamic than my investing strategy.
Just about the same percentages as yesterday , ONLY IN REVERSE !!! My biggest losers yesterday were my biggest winners today I had ONE stock in the GREEN yesterday PM, guess what my only stock in the red is today ? YUP PM yesterday DOWN 1.38% TODAY UP 1,37% net effect less than $1000 difference I don't know what set it off , covid fears ? who knows , but I'm thinking it triggered a selloff and profit taking, but everybody jumped back in this morning. I don't know the exact number of times , but this year, this has happened at least 3 or 4 other times and every time the market just bounces right back. I was talking with a financial advisor today, handles some accounts for us , a stock picker and income coupon mastermind. He's thinking that when the earnings reporting ends it may not bounce back and we COULD have a correction. I don't know , the portfolio's are set up 65/35 and he SAYS we are positioned good for a downturn, the returns he is generating missed the S&P500 in 4 out of six cases, no I didn't point that out to him, his best return was a 100% invested account with very little in the way of defensive positions.(because it has a very long time horizon, 20+ years) and we told him that's the way we want it. It had a 16% YTD return, the others were in the 11%-14% range, which he was proud of, and in reality not to shabby for a picker. This guy is way more knowledgeable than I am, especially in the income product field. I also noticed that he did have some Vanguard funds in there, VYM, VUG, VIG, and VOIT. Anyway, it takes a little something extra to keep ME engaged for 3-1/2 hrs. And since all that was awaiting me after that appointment was a vacuum , maybe that's what made me so interested in his opinions !!!
WooHoo , The day just got better, I noticed an OLD roth ira held at my OLD brokerage just had a spike in valuation. upon investigation............ guess who has some Netlist stock (NLST) Purchased "Back in the Day" on spec , The moral of the story "I'd rather be LUCKY than smart"
If anyone has been following the NLST case ....... They were pioneers in DRAM memory chip technology They have won the patent case against Google They are also suing HYNIX And Samsung is in their sites I'm wondering about what anyone's thoughts are on a selling point
ANOTHER...nice open and start to the day today. We appear to be done with the SILLINESS of Monday. Never heard of NLST oldmanram. My selling point.....on a random gain......IMMEDIATELY......if I am satisfied with the profit. I am not big on figuring short term selling and buying points. If I have decided that I want to invest in a company....I just buy it. If I am satisfied with a profit....I just sell it. My view....it is IMPOSSIBLE to time the markets and GUESS a short term selling point that is MEANINGFUL. BUT....I know I might be in the minority.....since........ I stay fully invested all the time....do not try to GUESS entry and exit points.....and invest all in or all out, all at once. Case in point my recent NVIDIA trade on the stock split.....if I had waited for some selling point....I would have taken a hit of about 50% on my profit...over the next 3-4 days....after the day that I decided to sell and DID sell.
HERE....is what is being said about the markets so far today. Stock market news live updates: Wall Street shakes off COVID blues, aim for 2nd day of gains https://finance.yahoo.com/news/stoc...ly-20-2021-221841943-111046902-221350203.html (BOLD is my opinion OR what I consider important content) "Stocks opened higher on Wednesday, following a session in which investors momentarily cast aside their fears that a resurgence of COVID-19 cases might derail a red-hot economic recovery, as strong earnings provided a ballast to beaten-down markets. A batch of encouraging second-quarter earnings on Wednesday from industry bellwethers Coca-Cola (KO), Johnson & Johnson (JNJ) and Verizon (VZ) gave investors reason to focus on the fundamentals. All three companies topped market expectations, converging with sentiment that drove Tuesday's rally. JNJ topped estimates, but forecast a slim $2.5 billion in 2021 sales of its COVID-19 vaccine, which has sandbagged by safety concerns and production issues. In addition, Netflix (NFLX) and Chipotle (CMG) both posted strong Q2 results. The streaming giant beat analysts’ expectations for new subscribers in the quarter, but fell short of the target for estimates for Q3. Netflix also pulled back more of the curtain on its plans to break into the gaming market. Chipotle also impressed Wall Street by smashing estimates during the quarter, thanks to the mass return of customers after COVID-19 restrictions, and ongoing strength in digital sales. The week started out with major benchmarks suffering their worst declines of 2021, which took the spotlight from quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more communicable form of COVID-19 — pushed the Dow (^DJI), Nasdaq (^IXIC)and S&P 500 (^GSPC)to their biggest drop in months. However, investors are reconsidering some of that pessimism, with some analysts pointing out that hospitalizations and deaths haven't risen as dramatically — and are far below where they were during the worst days of the COVID-19 outbreak. Major indices jumped on Tuesday, with the Dow clawing back almost 2% on the day as investors bought the dip. Futures suggest that markets are poised to add to those gains when trading resumes on Wall Street on Wednesday. “Whereas a 700-point drop might be a couple of days to get back, we’re seeing it within 24 hours,” Marketgauge.com partner Michele Schneider told Yahoo Finance Live. “That’s just the nature of the fact that the retail investors are so hungry and trained, well-trained, to buy every dip.” At the same time, bond yields have been on the decline, suggesting that investors are less concerned about inflation — but likely more concerned about growth, and the threat of COVID-19. More specifically, analysts say the threat of new restrictions can't be ruled out entirely. "Bond Investors are growing concerned about the threat of renewed lockdowns due to the increase in COVID variants. We have seen at least one county in the U.S. revert to a mask mandate" in Los Angeles, noted Megan Horneman, director of portfolio strategy at Verdence Capital Advisors. "Other countries like South Africa, Australia and Indonesia are reimposing lockdowns. As a result, investors are seeking the safety of Treasuries if lockdowns threaten growth," she added.' MY COMMENT It SHOULD be all about earnings....nothing more nothing less. Short term focus on other issues is NOT rational. BUT...who ever accused the markets of being rational over the short term.
