Investing General Discussion

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Lightning Lord Rule

Il_Duce Lightning Lord Rule

Lightning Fast
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Sanrith Descartes said:
I would be quite jelly of your cost basis at $157. I am right around $200.

Lot of data to unpack. 49 analysts have an average 12-month price target of $195. Here is a good breakdown of their various estimates. "IF" the average price target is correct (big if), then at $159 you would be looking at a 12-month return of 22.64% at that cost basis.

www.marketwatch.com

PYPL | PayPal Holdings Inc. Analyst Estimates | MarketWatch

PayPal Holdings Inc. analyst estimates, including PYPL earnings per share estimates and analyst recommendations.
www.marketwatch.com www.marketwatch.com
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Ahh, what the hell?
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Blazin

Blazin

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Bought to close puts for pennies and bought back SPY . late on the post too distracted today.

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Sanrith Descartes

Sanrith Descartes

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One thing I will say about owning a share of TSLA. Its fun to watch go up and down. Sorta like an expensive whore.
 
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Tmac

Tmac

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So, one of my biggest lessons from last year was recognizing entry points. Since the QQQ is below the 200 DMA that would mean regardless of where it is I should pull the trigger?

Or is this market different from previous markets, where I need to wait-and-see bc there are going to be lower lows? Based on the last 20 pages here there doesn't seem to be much assurance from anyone on where we're going to go this next year.

I've basically been buying $3k worth of stocks every single month as soon as I have it. When I believe what I should be doing is putting $3k into Fidelity and then looking for entry points.
 
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Sanrith Descartes

Sanrith Descartes

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Tmac said:
So, one of my biggest lessons from last year was recognizing entry points. Since the QQQ is below the 200 DMA that would mean regardless of where it is I should pull the trigger?

Or is this market different from previous markets, where I need to wait-and-see bc there are going to be lower lows? Based on the last 20 pages here there doesn't seem to be much assurance from anyone on where we're going to go this next year.

I've basically been buying $3k worth of stocks every single month as soon as I have it. When I believe what I should be doing is putting $3k into Fidelity and then looking for entry points.
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Once you dip below the moving averages, then you can use the long or intermediate time support levels (the heavy blue line) and also you start looking backwards at previous areas of support (places where the stock stopped going lower and bounced up). You use this to make estimates on where the stock will bounce on a downtrend. Also dont forget once the DMAs are above the current price, they are no longer acting as support but instead acting as resistance to upward movement.

1644006623475.png
 
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T

Tirant

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Any opinions on Citi ($C)?

Want to get my exposure to financials up, currently only have Paypal and BRK.B which aren't even really banks.

Thinking about grabbing some JPM and C as a "best in class" and "value" barbell.

Open to some more recommendations. thought about just grabbing XLF and calling it a day, but that has so many financial service and asset management companies that I'm not that high on. Not to mention Berkshire is the largest holding and I already have a pretty big position in that one.
 
Sanrith Descartes

Sanrith Descartes

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Tirant said:
Any opinions on Citi ($C)?

Want to get my exposure to financials up, currently only have Paypal and BRK.B which aren't even really banks.

Thinking about grabbing some JPM and C as a "best in class" and "value" barbell.

Open to some more recommendations. thought about just grabbing XLF and calling it a day, but that has so many financial service and asset management companies that I'm not that high on. Not to mention Berkshire is the largest holding and I already have a pretty big position in that one.
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My unprofessional opinion... there is only one bank stock to own. JPM.

Consider this also when you mention buying JPM and C. Why? Unless you consider them to be equal, why one multiple stocks in the same industry if you view one or more as inferior investments. Why own KO and PEP? They are generally interchangeable so own the more investable one.

My only real exception to this is V and MA because combined they pretty much are the majority of the entire industry. Own them both and own the industry.
 
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Pogi.G

Pogi.G

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Mist said:
www.cnbc.com

Peloton stock surges on reports Amazon and Nike are among potential buyers

Peloton has been battered and beaten down so much so in recent months that the connected fitness company is now attracting interest from outsiders.
www.cnbc.com www.cnbc.com
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I am keeping an eye on this one in the pre-market Monday. I am looking for a short play here. Normally I would be quite hesitant to short something so close to it's all time low, but I do not see any reason whatsoever that Amazon would buy Peloton. If that is the only reason this thing goes up even more on Monday, it will be one of the easiest short play decisions I've ever made.
 
T

Tirant

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Sanrith Descartes said:
My unprofessional opinion... there is only one bank stock to own. JPM.

Consider this also when you mention buying JPM and C. Why? Unless you consider them to be equal, why one multiple stocks in the same industry if you view one or more as inferior investments. Why own KO and PEP? They are generally interchangeable so own the more investable one.

My only real exception to this is V and MA because combined they pretty much are the majority of the entire industry. Own them both and own the industry.
Click to expand...

Thanks for the response. I lean toward JPM as well, since it's clearly the stronger of the two. Citi looks like a better value, but that can always be a trap. The idea of buying both is a basket approach of getting both the quality pick and value pick, because i can envision a scenario where either would be the better performer over the next lets say 3 years.
 
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Sanrith Descartes

Sanrith Descartes

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Tirant said:
Thanks for the response. I lean toward JPM as well, since it's clearly the stronger of the two. Citi looks like a better value, but that can always be a trap. The idea of buying both is a basket approach of getting both the quality pick and value pick, because i can envision a scenario where either would be the better performer over the next lets say 3 years.
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Banks are tricky. They financials are different than almost all other companies because they make money differently. Really study their financials and how they generate their money.
 
Falstaff

Falstaff

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A lot of bank stocks have been on a tear the last couple of years. Citi is not one of them.
 
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T

Tirant

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Thats what makes the contrarian in me interested, and why I'm considering buying them along with JPM. Wells Fargo was the worst performer for years, then had a tremendous 2021. Their problems were obvious and pretty egregious, and what I'm really asking is if anyone has any better insight into whether the underperformance of Citi is something structural that isn't going to improve going forward, or if rising rates might help them get over some of their weaknesses and close the gap between their's and JPM's profitability.
 
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