Investing General Discussion

Sanrith Descartes · Oct 24, 2023

Sanrith Descartes said:
Took a starter position in the King of the Boomer Stocks (MMM). They have some issues (mainly on the expense side as their SGA costs are out of whack) but these are fixable. They have been paying down debt (only about 2x LTD to EBITDA) and still have a solid positive cash flow. Revenue is pretty flat but its a value company. Its currently at a 6.3% dividend yield so it only needs 4% stock price appreciation a year to beat the S&P return.

MMM with the double beat. It looks like they took my advice..

"Industrial group 3M lifted its full year profit forecast as a cost-cutting drive to offset slumping sales, as well as billions in legal liabilities, looks to have supported third quarter earnings."

Sanrith Descartes · Oct 24, 2023

Sanrith Descartes · Oct 24, 2023

Someone sold a block of SPLG for $44m at 9:43 this morning. SPLG is the S&P 500 index.

Someone sold a block of SPY at the open for $140m

Gravel · Oct 24, 2023

Sanrith Descartes said:

And yet, markets are still going up.

I'm guessing people are just thinking the Fed is a failure and they're going to have to give it up.

Sanrith Descartes · Oct 24, 2023

Gravel said:
And yet, markets are still going up.

I'm guessing people are just thinking the Fed is a failure and they're going to have to give it up.

Bond selling has paused momentarily. That is helping.

Mist · Oct 24, 2023

Sanrith Descartes said:

Gravel said:
And yet, markets are still going up.

I'm guessing people are just thinking the Fed is a failure and they're going to have to give it up.

Wait, isn't this good news? PMI, not PPI.

Mist · Oct 24, 2023

VZ, recovering half of what I'm down in a single day.

Gravel · Oct 24, 2023

Mist said:
Wait, isn't this good news? PMI, not PPI.

Shit, you nailed my mistake exactly. Was thinking it was PPI.

Which, unless those were basis points, 50 PPI would be not good.

Furry · Oct 24, 2023

50 pmi is no change and higher is growth while lower is retraction. Pretty meh. Not world ending or anything, but not good either.

Sanrith Descartes · Oct 24, 2023

SPY LOD, back down below the 200-DMA

Mist · Oct 24, 2023

Furry said:
50 pmi is no change and higher is growth while lower is retraction. Pretty meh. Not world ending or anything, but not good either.

Beat expectations regardless.

Sanrith Descartes · Oct 24, 2023

AAPL sitting about $2 above the 200-DMA

Sanrith Descartes · Oct 24, 2023

Cut out of my RTX position at breakeven. My price discovery was ass on this trade and I am happy to bail at zero. I did well on the other 4 MIC stocks but screwed the pooch on this one.

Lightning Lord Rule · Oct 24, 2023

Question for the JEPI bros: one of the 'research items' listed on their info page today mentions SPYI. It's all glowing stuff, but not mentioning that it's down ~10% in the last 8 weeks or so, like a lot of other things. 'YTD Is good tho!'

Anyway, my question is: what do you guys think of that one? Looks like higher yield with higher volatility compared to JEPI to me. Looking at their distribution page though, it looks like they pay monthly, but haven't paid for October yet, and there's no announcement for it either. Seems odd unless I'm missing something obvious...

Sanrith Descartes · Oct 24, 2023

Lightning Lord Rule said:
Question for the JEPI bros: one of the 'research items' listed on their info page today mentions SPYI. It's all glowing stuff, but not mentioning that it's down ~10% in the last 8 weeks or so, like a lot of other things. 'YTD Is good tho!'

Anyway, my question is: what do you guys think of that one? Looks like higher yield with higher volatility compared to JEPI to me. Looking at their distribution page though, it looks like they pay monthly, but haven't paid for October yet, and there's no announcement for it either. Seems odd unless I'm missing something obvious...

JEPI and SPYI are fundamentally different products when you look at their composition.

SPYI has the top top holdings (all equities) making up 31% of the fund.

JEPI's comp it totally different, is smaller by 2/3rds, and uses rolling SPY call options as part of its strategy (I could be wrong on the specifics of this last part, though since I am going off memory).

Sanrith Descartes · Oct 24, 2023

For those who dont follow it, GOOGL, MSFT and V are all reporting earnings after the bell today. That is a boatload of market cap reporting.

Mist · Oct 24, 2023

Damn, Microsoft's huge overperformance in Azure made Google's modest underperformance in cloud hit a lot harder.

Big Phoenix · Oct 24, 2023

Nom nom nom

Palum · Oct 24, 2023

Jim Cramer tells investors to hold out on buying until after interest rates rise

CNBC's Jim Cramer said Tuesday investors may be wise to hold off on buying until after the next interest rate hike.

www.cnbc.com

Does this mean the Fed is about to reverse course?

Arden · Oct 24, 2023

Palum said:
Jim Cramer tells investors to hold out on buying until after interest rates rise

CNBC's Jim Cramer said Tuesday investors may be wise to hold off on buying until after the next interest rate hike.

www.cnbc.com

Does this mean the Fed is about to reverse course?

What do you think?

Investing General Discussion

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