Replies to post #65439 on Savvy Trades and Investments

[wadegarret]

R59- I think we in parabolic markets

Market is dangerous no matter what sector IMO. I mean the question should no longer be, how much can you make on a stock, but how much can you lose ! Semi sector with PEs averaging double normal, cloud software sector with RNG(170 PE going forward), and TWLO(300 PE going forward), NVDA 90 PE, ETSY 70 PE, TSLA 80 PE, etc- just way too much complacency, and the entire rally is being driven by a super dovish fed with persistent QE, not on company fundamentals.

[cliffvb]

PHM this homebuilder reported a beat in eps and revs and is up about 2% premarket.

EPS was $1.01 vs 92c estimate. Orders were up 13% yoy. Orders for first time buyers were up an amazing 39%. It looks like the millennials are aggressively buying homes with rates down.

Positive comments in the PR:
"Given a broadly favorable macroeconomic backdrop and expectations for interest rates to remain low, we see the opportunity for housing demand to continue moving higher over time," added Marshall. "Within this environment, our strong balance sheet and outstanding local market operations have the Company well positioned to grow our business while continuing to deliver high returns on equity and invested capital."