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Reopened DKNG @ 37. Out of NFBK from Mondays buy. I have too much if it in another account and this was speculative. 0% profit.
The sell order for $11 was in since last night and didnt execute even though it was above that today, so there's that. Closed at 10.55. Very thinly traded stock.
Here we go again !
PFE is another doggie. I intend to get out at cost 33.40. Whenever that occurs. Same with IBM, The optimist in me took over. And I thought those were good entry points. Re calibrating expectations, because Nobody Expects The Spanish Inquisition.
Except Nick.
Closed the remaining WMG at +8.65% at $31 on a stop loss.
You're welcome Nick, I was too tempted- reopened IBM at 121.
Famous last words.
Nick,
How it's listed on Ameritrade-
PRU-
Annual Dividend/Yield $4.40/7.04%
Ex-dividend Date 05/22/20
Dividend Pay Date 06/18/20
Nice dividend...
UPDATE: Here's the secret sauce to handle the stock market's election and virus fears
4:04 pm ET June 22, 2020 (MarketWatch)
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By Nigam Arora
Proper risk management -- of which there are at least 12 examples -- should be high on investors' list
Fear over a further spread of the deadly coronavirus and expectations of a Democratic victory in the presidential election are two events that will affect the stock market.
First and foremost, I am politically agnostic. My sole job is to help investors. But President Trump's rally in Tulsa, Okla., was underwhelming, following polls that showed Joe Biden with double-digit leads in some cases. More than three years ago I wrote: "Here's the case for Dow 30,000 in Trump's first term (http://www.marketwatch.com/story/heres-the-case-for-dow-30000-in-trumps-first-term-2017-02-17)."
The secret sauce to handle the stock market's election and coronavirus fears is risk management. Let's explore the issue with the help of a chart.
Chart
Please click here (https://thearorareport.com/chart-analysis-stock-market-coronavirus-trump-election-uncertainty) for an annotated chart of the Dow Jones Industrial Average ETF (DIA), which tracks the Dow Jones Industrial Average.
Note the following:
-- The chart shows that the stock market is in the support/resistance zone.
-- The chart shows that RSI (relative strength index) is on a buy signal but is flattening.
-- The combination of the previous two items indicates that the risk in the stock market is much higher than widely believed.
-- Wall Street loves Trump. Now there is a fear that Biden will be elected. In our analysis at The Arora Report, it is simply too early to call the election.
-- If Biden gets elected, at a minimum, expect corporate income tax rate to go up from 21% to 28% and perhaps higher.
-- Take a look at the chart on the left side of the "mother of support zones." A part of the rise in the stock market is due to higher corporate earnings, in part, due to lower taxes and less regulation.
-- If Biden gets elected, expect earnings to take a hit of about 10%, not only due to higher taxes but to more regulation.
-- The chart shows that due to the coronavirus, the stock market fell to the top band of the mother of support zones and then rallied strongly.
-- The chart shows that 65% of the first leg of the rally was short squeeze-related. In practical terms it means that there is a lot of air under the market instead of solid support.
-- A strong counter balance to the election and coronavirus fears is the Federal Reserve policy.
-- The chart walks you through the increase in the Federal Reserve balance sheet from $0.87 trillion before the financial crisis to over $7 trillion now and on its way to $10 trillion based on the programs that the Fed has announced.
-- There is an important reversal pattern (http://www.marketwatch.com/story/the-stock-market-is-tracing-an-important-reversal-pattern-that-you-should-watch-2020-06-15) in the stock market that you should watch. In view of this pattern, it is important to review three sets of stocks. 1. The mega-cap tech stocks of Apple (AAPL), Amazon (AMZN), Facebook (FB), Microsoft (MSFT) and Alphabet (GOOGL) (GOOGL). 2. Battleground stocks that provide an important indication of sentiment such as including American Airlines (AAL), Carnival (CCL), Hertz (HTZ) and Nikola (NKLA). 3. Semiconductor stocks including Intel (INTC), AMD (AMD) and Applied Materials (AMAT).
-- Consider watching gold ETF (GLD), silver ETF (SLV) and gold miner (GDX). Gold is threatening to break out and may turn out to be a good hedge against money printing, which is driving up the stock market.
Secret sauce
Under these circumstances, the secret sauce to handle these risks is proper risk management. Proper risk management has the following elements that need to be orchestrated correctly:
-- Holding a large amount of cash.
-- Putting on hedges -- or more cash for those who do not want or can't hedge.
-- Putting on protection band(s).
-- Owning good long-term positions based on fundamentals.
-- Owning short- to medium-term tactical positions.
-- Following proper diversification based on sectors, strategies, time frames, correlations and geography.
-- Holding short positions for those who are sophisticated and experienced or in the alternate inverse ETFs.
-- Employing judicious use of stop losses or changes in allocations.
-- Learning how to differentiate between strategic and tactical actions.
-- Booking some profits as signals are given.
-- Following reliable sources of technical, fundamental and macro analysis.
-- Staying nimble.
Disclosure: Arora Report portfolios have positions in Apple, Amazon, Alphabet, Microsoft and Facebook. Nigam Arora is the founder of The Arora Report (https://thearorareport.com/sub), which publishes four newsletters. He can be reached at Nigam@TheAroraReport.com (c:/Users/haagm/Dropbox/ARTICLES/Nigam@TheAroraReport.com).
-Nigam Arora; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 22, 2020 16:04 ET (20:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
I ran out of posts yesterday so,
Trimmed 1/2 WMG +15.28%
Closed NKLA +-0%
Closed ZNGA +-0%
Trimmed 1/3 NFBK 3.3% on the purchase yesterday.
Elroy, I opened IRM at 29.20 in early March. Trimmed at 30.20 recently.
Still own 1/2 and will continue with cash dividends, wait to sell but will not add.
Incidentally, MA was downgraded yesterday by an analyst, so it naturally went up in price today.
Nick, though CARR continues to receives downgrades and run above and below its 50 day, there seems to be some interest in increasing the stocks price.
SF if you wish to look back on my estimation of a W and you have patience, you'll see that I've stated that early on. There is no doubt that we will have at least a W or a WW. Buying/selling opportunities as long as you're not caught with your pants down.
Correction on IRM. My cost basis is 29.20 so I'd reduce further at that number.
My tax liability is too high this year, so since I don't understand all of the tax ramifications, I'll stay with what I know. I'll just keep contributing to my wife and son's Roth, and his 529. Year end I'll be selling ALL my losers to balance out the gains to an extent.
My qualified accounts will continue to remain qualified. Ignorance for me isn't bliss, but it's the best I will do under the circumstances.
It's like buying a house with a big mortgage because of the tax advantage to having a mortgage. My way of viewing this is pay down the mortgage and save on the interest paid going forward. That's what I did last year and I'm still glad I did- even though I'm still paying down the cost through my 0 percent credit cards due December 2020 and March 2021.
So noted Re: IBM. I don't think it will hit the previous low and my price target is always an ideal 105, but I'd definitely buy below 112. Last trade was buy at 118 and change to sell at 126. Looking perhaps to nibble around 118- 119 with a short term perspective. What do you think of that SF ?
My recent sell of IRM should have been out of the entire position, but reduced by 50%. In this market I will NOT cost average. Not with the inherent liability of holding stock. I will further reduce my position in IRM at 30.20 if ever it gets there again. I'll gladly take the dividends till that occurs and optimistically close at 34.
I'll withhold nibbling here. There would be a reason for it to drop to 16. At that point if you go with MPW sound the gong. I'll be following in.
Yes, there are more early age covid cases, but just a warning here to all. I have N95 masks. The other type "surgical" masks will NOT protect you. Surgical masks will protect others around you from you if you're sick. When I'm around EVERYONE that are wearing masks I'll wear my surgical mask, otherwise, I'll wear my N95.
"A" blood type and elderly and infirm are still by far the most susceptible to covid infection and death Nick. Apparently "O" type is less likely to contract covid.
So being "A" blood "type and "elderly" I'll be extra cautious, so I won't be attending any political rallies for now.
Absolutely, Nick, I seldom get the bottom or the top, profit is profit is profit, so I'll take that wherever and whenever I can.
Just an observation that you seem to have the same perspective about.
Point being IBM, anyone else watching it today ?
Murine is a good idea. Better trades always a better idea. Thing is I trade well. Maybe not at the bottom to buy and the top to sell, but okay, I guess. Thing is though when the whole market gets turned upside down it's difficult to change a strategy based on cost averaging at higher prices with reconciling that to lower stock prices.
I may look like a genius when the cost basis compares well to the market price, but not so smart when the market decides to relentlessly go down.
So what do I do? I sell around dividend paying positions that were formerly cost averaged at higher and higher prices, collect the dividends in cash and trade actively and effectively, with very good returns.
Nimble is my thing.
Followed you in at 21.57. Too eager with a market order.
Larry Kudlow also stated that covid was "contained and controlled". Scientist that he is, right ?
tRUMP is the Jim Jones (from the Peoples Temple in Guyana) of America.
The pied piper of covid death.
There won't be a second wave. It seems inevitable that the first wave will continue till "A" blood types, the elderly, and infirm will be wiped out.
Not a good feeling considering my age.
You have my interest. What's a decent entry point on MPW Nick ?
...and as Dems inherit a complete mess, the GOP can then blame them, just as the Bush/ Obama debacle unfolded.
Watching as IBM deteriorates again. Anyone else have an eye on it ?
Why not just keep the $$$ in a qualified account and invest that way. I've begun the process of moving several of my 2.175% maturing 12 month IRA CD monies from a credit union into a brokerage.
Yes, it's "Great" that tRUMP's rally had so few supporters. On the other hand you now have 6000 potential carriers and fatalities from that gathering.
The thing is that bears can have a very long life span. I admire your patience, but personally prefer not seeing red while anticipating a revival.
Politics is a real killer isn't it.
Added to NFBK at 10.55
Very disturbing. This must change.
Opened COST at $299.50...
Regarding DIS- $79 SF, Remember my price target of $86. Which by the way I didn't execute at the time. Silly me. Maybe do overs ?
Talking heads saying a good number is $100 on DIS. I don't know. Certainly the pandemic worldwide is not as bad as before. Just the stupid US with no leadership and concern for $$$ which of course will be self defeating if everyone gets sick.
Either that or a short Nick. I've been thinking along the same lines.
You'll just have to wait them out. Eventually they'll catch on. Either that or they'll die or get really sick. Maybe then the dummies that don't die will catch on.
There's a great place right in downtown Amsterdam near Centraal Station (not a mis-spelling) that has the best exchange rates. I'll wind up going there if I need cash. Won't need that much. Have credit cards that don't charge a conversion premium. I was there in 2017. Nice place.
Will buy a few from the bank before going to grease a few palms on the way in.
Closed EQH around 10.85%
Cash position in primary accounts:
Now 17.55% cash in IRA account.
Trading account at 50.38% cash.
So not only will I purchase an electric vehicle ( or a Nicola Hydrogen Fuel Cell beast ), but I'll fuel my electric from my roof. Good deal. Can't wait for electrics to become less costly and usurp gasoline engine vehicles. I hate going to the gas station.
Zero fuel cost sounds real good to me. I have the solar power already on my roof, now waiting for my first electric.
Occidental Petroleum shares are trading higher after Suntrust Robinson Humphrey upgraded the stock from Hold to Buy and raised its price targets from $13 to $25 per share.
Jun 19, 2020 8:15a ETBenzinga Stock Analysis
Oh yeah Nick. Fragrancing the neighborhood with the smell of french fries. Next stop MCD. Great advertising idea.
Beats losing money
Closed TSM @ 55.85 from 52.55. Double head and shoulders. Enough of watching this go down form a much nicer price.
Shame really regarding bio fuels. There are diesel vehicles modified to run on waste cooking oil. The exhaust smells like french fires. No kidding.
Closed ZI this morning 0 profit / loss at 45.90
Closed MU this morning at 52.50 from 46.50
Closed NEE pre market 252- 0 profit/loss.
Reopened 1/2 previous position in NEE at 248.40
I suppose the question is "when" will we get a vaccine ? Also, what other potential viral outbreak will there be in the future ?
Unfortunately I think we've entered a new epoch and I hope I'm wrong. Take a look at Asian nations and how they've been wearing masks for years. Is this going to be the course we'll be forced to take. What additional hygienic measures must we consider taking to protect ourselves ? China is an epidemiologists nightmare. With the potential to spread new and improved viruses throughout the world within hours.
Reopened a 1/2 position in ZI at 45.90 after closing on 6/16/20 at 48.35
Closed VRM at 0 profit/loss at 46.50. Bye Bye slug !
I don't know. What I do know is that CARR was spun off and a new issue. It's board recently declared a .06 cent dividend. Though analysts say avoid for the most part. My view is that this company will be instrumental in retrofitting AC systems utilizing HEPA filters and UV light to "clean" buildings. This may be a necessity going forward. My price target to open is and has been $20.
Kindly let me know what you think.
I'm also considering FLIR systems because of their thermal imaging systems, which may be used for mass "diagnosis" of covid infection.
Believe it or not CARR declared they will be paying a $ .06 cent dividend.
The trading account has over 50% cash.
The IRA account has 7% cash.
A variety of other secondary accounts are fully invested to having predominantly cash.
Can't wait for the next significant move to either buy or sell.
Meanwhile I'll be on cruise control.
Closed TQQQ from $83.70, re-opened on 6/15/20. To $93.70. $10 /share gain after market. Flush with cash again.
Well, that's a clarion call if ever I heard one.