CrankyJay™
Member
PLTR had an ok/fine earnings and is still down 10%. People are retarded. I’m buying more.
I’ll see all of you hell! Muahahaha.
I’ll see all of you hell! Muahahaha.
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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
HawksWinStanley
Member
Any reason why this wouldn’t be a good time to buy tech? I can see some of the flavor of the month stuff eating shit and trading sideways for a while but this seems like a good time to buy into your Apples, Googles and Microsofts now that they’re more fairly priced.
ManofOne
Plus Member
Dow Futures
34,514.25
-228.57
-0.66%
S&P Futures
4,142.70
-45.48
-1.09%
Nasdaq Futures
13,103.15
-255.93
-1.92%
ManofOne
Plus Member
J.P. Morgan backs reflation trade to overcome current COVID speed bump: At the Open
- The rise in COVID cases and concern of new variants is keeping stock index futures in check this morning. Cases are rising in Japan, a new variant is already hitting India with a devastating second wave and there are worries about vaccine-resistant variants as well.
- S&P futures (SPX) (NYSEARCA:SPY) and Dow futures (INDU) (NYSEARCA:DIA) are off slightly. Nasdaq 100 futures (NDX:IND) (NASDAQ:QQQ) are the weakest.
- The 10-year Treasury yield is up 1 basis point to 1.57% (NYSEARCA:TBT) (NASDAQ:TLT).
- But with a broader progress on the COVID front, the recovery and reflation trades will be back and stronger than they were to start the year, J.P. Morgan says.
- That will be accompanies by yields rising and rotation from growth, quality and defensives to cyclicals and value, accelerating into late spring and summer.
- Reopening and reflation "are not priced in, as we can see a strong reaction on incremental news flow related to reopening and COVID-19," J.P. Morgan strategist Marko Kolanovic writes in a note. "In the last few weeks, the reflation trade reversed, with yields dropping on technical flows (e.g., CTAs), increase of cases (primarily India and Turkey) and re-grossing of long-short growth trades at the back of the decline in the VIX."
- "With US and Europe cases now declining, the fast pace of vaccination and seasonal tailwinds (northern hemisphere), we believe that the reopening and reflation trade will resume with a move that will be bigger than we saw early this year. COVID-19 recovery this spring/summer will take place in stages with the US recovering first, followed by Europe and finally Emerging Markets."
- The S&P is now about 5% below J.P. Morgan's year-end target (which was the highest on the Street when issued late last year), but there is more room to run in certain sectors, Kolanovic says.
- Those are: Energy (NYSEARCA:XLE), Financials (NYSEARCA:XLF), Materials (NYSEARCA:XLB), Industrials (NYSEARCA:XLI), small-caps (NYSEARCA:IWM) and high-beta stocks.
- Brian Levitt, global market strategist at Invesco, agrees that there are tail risks like COVID, but "the base case is still very promising for the U.S. economy and financial assets."
- Financial conditions are still very easy in the U.S., corporate bond spreads are still tight and the yield curve is still steep, he told Bloomberg.
- William Blair, which is also recommending going overweight cyclical sectors, outlined yesterday three things creating a "perfect storm" for reflation.
ManofOne
Plus Member
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CrankyJay™
Member
Welp, glad I got in on some $16.50 PLTR cheapies .... thanks suckers.
ManofOne
Plus Member
I think ARKK averaged down or someone big. All their stocks in their portoflio are soft compared to the wider market.
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CrankyJay™
Member
I'll take it. I saw the share price and I saw that their ER wasn't as bad as people first thought so I bought the dip in pre-market.
Will it last? Maybe not, still have a super long term horizon on this, even if people here don't believe the hype. I think they'll re-invest in themselves for quite awhile and one day they'll flip the switch a la Amazon and people will be like "why didn't I get in on that?"
ManofOne
Plus Member
That's pretty sound thinking. I think that at this price its a good buy anything below 20 frankly.
ManofOne
Plus Member
Palantir accepts bitcoin payments, could invest in cryptocurrency
- During the first quarter earnings call, Palantir (NYSE:PLTR) reveals it accepts bitcoin as payment from customers and is considering investing in Bitcoin or another form of cryptocurrency.
- Last month, Palantir co-founder Peter Thiel controversially said that while he was pro-Bitcoin and cryptocurrency, he wondered "whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S."
- Turning back to the earnings, Q1 billings were up 248% Y/Y to $362M, which resulted in the stronger than expected cash flow.
- Palantir says commercial opportunities in the U.S. and U.K. have increased 2.5x since February. Active commercial pilots more than doubled during that period.
- The total remaining deal value at the end of Q1 was $2.8B, up 40% on the year.
- Annualized revenue run rate for U.S. customers was $800M.
- Palantir shares are down 5.5% just after the opening bell.
ManofOne
Plus Member
Cathie Wood's ARK shed a third of its Apple holdings as its flagship fund keeps slumping
- ARK Investment Management's ARK Innovation ETF (NYSEARCA:ARKK) is off another 5% in premarket trading, falling back to levels not seen in nearly six months as Big Tech and momentum names continue to slide.
- Large holdings are also getting hit hard before the bell. Tesla (NASDAQ:TSLA), Square (NYSE:SQ) and Roku (NASDAQ:ROKU) are all down more than 5%.
- ARKK is below $100 for the first time since November 16.
- On Monday, the ARK Fintech Innovation ETF (NYSEARCA:ARKF), sold 87,560 shares of Apple amid the tech selloff, more than 30% of its total holdings. ARKF is the only ARK ETF that owns apple.
- ARKF still holds 200,387 shares of Apple, according to Bloomberg.
- Wood has been selling bigger, liquid tech names of late to buy smaller companies on the dips, such as newly-public Coinbase (NASDAQ:COIN) and Palantir (NYSE:PLTR), off more than 20% year to date.
- On Monday Wood bought 28,011 shares of ARK's own 3D Printing ETF (BATS:PRNT) for the ARK Space Exploration ETF (BATS:ARKX).
HawksWinStanley
Member
Everybody's talking about the tech sell off while Disney and oil are fucking me the most today.
GHG
Member
She's selling one of the few things in their portfolio that isn't massively overvalued and speculative to buy even more overvalued, overhyped and speculative plays?
Weird flex but ok.
CrankyJay™
Member
Needs more money to keep adding to her PLTR position.
She's selling one of the few things in their portfolio that isn't massively overvalued and speculative to buy even more overvalued, overhyped and speculative plays?
Weird flex but ok.
Was up down 3% in pre-market and now I'm green 1.4% ... go figure. Thanks to PLTR and AUPH bouncing.
StreetsofBeige
Gold Member
My portfolio tanked 2-3% the past week, but I'm actually up 0.2% today. Tech rebounding. Dow stocks killed.
GHG
Member
crazepharmacist
Member
Down $300,000 pre market.Saving my ass the the reverse stocks I use to hedge.
what's that like 0.5% of your portoflio?
Damnnnnnnnnnnnnnnnnnnnnn
Smiles and Cries
Member
this thread has me addicted will watch
GHG
Member
It's early days still.
It's currently trading below all of it's support levels in the last 6 months. Needs to get back above $22 ASAP or it's likely to get worse before it gets better.
ManofOne
Plus Member
Lol, I recovered a lot. The tech sell off wasn't bad.
HoodWinked
Member
Being on the east coast is hacks. While west coast sleeps people on the east are manipulating markets. I call shenanigans.
HawksWinStanley
Member
But is it over? I was hoping for Apple to drop to $120 support today.
ManofOne
Plus Member
I don't know. I read an interest post made by Ed Yardini a few weeks back saying the market is not making sense now. It more reactive than ever and any bad news is leading to deeper selloffs than historical.
GHG
Member
I have a feeling that the lows we observed just before the market opened today are what we will actually be seeing in a couple of weeks.
The only thing propping a lot of things up at the moment are the algos that automatically buy the moment things dip down into the "oversold territory".
QQQ May 4th - today (2h candles):
ARKK (for a "growth" perspective) May 4th - today (2h candles):
Any time RSI reaches the oversold territory there's a bounce for a handful of trading hours before the overall trend (downwards) resumes.
----
The reason the tech "recovery" has looked stronger today in comparison to the S&P and the Dow is because they are yet to reach the "oversold" territory, so the algos are yet to be "activated" in those respective stocks.
SPX May 4th - today (2h candles):
DJI May 4th - today (2h candles):
Ironically the DJI and SPX are what we would also want to see in the nasdaq from a long term health perspective. I fully expect them to both recover and go on to make new all time highs in the next couple of weeks while the nasdaq is more likely to continue on it's current downtrend yo yo-ing along the way. During this period they (the S&P and Dow) have not reached "oversold" territory and the overall uptrend is healthy.
That's what the charts are telling me anyway, of course some sort of news in the next couple of weeks could change everything.
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ManofOne
Plus Member
I have a feeling that the lows we observed just before the market opened today are what we will actually be seeing in a couple of weeks.
The only thing propping a lot of things up at the moment are the algos that automatically buy the moment things dip down into the "oversold territory".
QQQ May 4th - today (2h candles):
ARKK (for a "growth" perspective) May 4th - today (2h candles):
Any time RSI reaches the oversold territory there's a bounce for a handful of trading hours before the overall trend (downwards) resumes.
----
The reason the tech "recovery" has looked stronger today in comparison to the S&P and the Dow is because they are yet to reach the "oversold" territory, so the algos are yet to be "activated" in those respective stocks.
SPX May 4th - today (2h candles):
DJI May 4th - today (2h candles):
Ironically the DJI and SPX are what we would also want to see in the nasdaq from a long term health perspective. I fully expect them to both recover and go on to make new all time highs in the next couple of weeks while the nasdaq is more likely to continue on it's current downtrend yo yo-ing along the way. During this period they (the S&P and Dow) have not reached "oversold" territory and the overall uptrend is healthy.
That's what the charts are telling me anyway, of course some sort of news in the next couple of weeks could change everything.
I'm horrible with charts. I'm more economic and the economic theory is telling me brace for more pain by Q3 we should know more
StreetsofBeige
Gold Member
This might be the most odd day ever. Markets tanked. I got some decent amounts of tech stocks still. Yet I ended up
(+1.25%)
(+1.25%)
down 2 orth
Member
For what it's worth I hope my sermon didn't hold you back. I like to see GAF bros getting paid, I'm somewhat less than enthusiastic about supporting the surveillance state.
ManofOne
Plus Member
PLTR has an earnings issue and a valuation issue. Its 100% not worth 30% but anything below 20 is a 4 star rating plus it has a narrow moat but still somewhat better than peers.
zeorhymer
Member
WTF are they talking about? The US just printed 4 trillion last 2 years and may print another 6 trillion. They actually think this is "transitory?"
ManofOne
Plus Member
It depends on technology. Technology adoption is deflationary. One of the primary reasons you saw inflation remain sticky between 08 to 19 is because factors of production became easily transferable due to technology.
The marginal cost of production is reduced in that sense HOWEVER,
If factor inputs continue to rise then it isn't short term transitory, they're mostly expecting inflation to peak in Q4 2020 and then fall.
I'm thinking that it's way stickier than than that and will remain so for a few more quarters possibly into 2023.
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StreetsofBeige
Gold Member
Grocery Outlet reported earnings and they missed the sales estimate. EPS was in line. I got out last week at $41-ish. Made 10% in a short time.
Stock down 1.5% during the day and another 7.5% after hours. After hours price down to $37.50.
If this stock drops to the $30-33 range I might get back in. It trades at a $35-45 band.
Only watch out is the company is in high growth mode wanting to add another 10% stores. That might induce a stock offering diluting shares.
Not the type of stock that will self destruct to $12 but for a grocery retailer, more risky than the usual supermarket chain.
Stock down 1.5% during the day and another 7.5% after hours. After hours price down to $37.50.
If this stock drops to the $30-33 range I might get back in. It trades at a $35-45 band.
Only watch out is the company is in high growth mode wanting to add another 10% stores. That might induce a stock offering diluting shares.
Not the type of stock that will self destruct to $12 but for a grocery retailer, more risky than the usual supermarket chain.
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GHG
Member
Not only that, there's effectively a load of money printing machines out there in the form of crypto miners.
StreetsofBeige
Gold Member
Well, if this data is accurate, crypto value is at $2.5 trillion, with the top 10 being about $2 trillion of it.
Cryptocurrency Prices, Charts And Market Capitalizations | CoinMarketCap
Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.
coinmarketcap.com
Today's Cryptocurrency Prices by Market Cap
The global crypto market cap is $2.49T, a 5.14% increase over the last day.
12Goblins
Lil’ Gobbie
Stock markets slide on fears of rising inflation
European and US markets fall amid worries that inflation is set to pick up.
www.bbc.com