Stocks - r/Stocks Daily Discussion & Fundamentals Friday Jan 28, 2022 |
- r/Stocks Daily Discussion & Fundamentals Friday Jan 28, 2022
- McDonald's - An expensive real-estate company (value $150.90 vs price $248.74)
- The future value of TSLA is not computable.
- Here is a Market Recap for today Friday, January 28, 2022.
- How do you guys remain patient?
- Everyone else is down too…. right?
- $85k in cash to invest after my covered calls were exercised. Which stocks/sectors look good?
- MeetKevin Implosion
- Could a recession in China produce long-term downside risks for American equity markets?
- Tmobile getting into fintech, get interest on checking and savings, no overdraft. What do you make of this? Buy?
- Unlike popular opinion, Tesla's valuation is far from unjustifiable - An analysis based on the numbers
- Other than Apple and Microsoft, which earnings have impressed you the most so far?
- Please be cautious of stock specific subreddits causing an echo chamber
- Who Will Buy -5% Yielding Bonds When QE Ends?
- Why is Intuit trading so high?
- News with Shephard Smith on CNBC
- Is Big Tech Really Overvalued?
- Should I sell ATVI now?
- What brokers allow US citizens to invest with a non-US address?
- Evaluate my thesis: The January effect in February.
- Restructure Portfolio - What do you think?
- What is your favorite gene editing stock and why?
| r/Stocks Daily Discussion & Fundamentals Friday Jan 28, 2022 Posted: 28 Jan 2022 02:30 AM PST This is the daily discussion, so anything stocks related is fine, but the theme for today is on fundamentals, but if fundamentals aren't your thing then just ignore the theme and/or post your arguments against fundamentals here and not in the current post. Some helpful day to day links, including news:
Most fundamentals are updated every 3 months due to the fact that corporations release earnings reports every quarter, so traders are always speculating at what those earnings will say, and investors may change the size of their holdings based on those reports. Expect a lot of volatility around earnings, but it usually doesn't matter if you're holding long term, but keep in mind the importance of earnings reports because a trend of declining earnings or a decline in some other fundamental will drive the stock down over the long term as well. See the following word cloud and click through for the wiki: If you have a basic question, for example "what is EBITDA," then google "investopedia EBITDA" and click the Investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. Useful links:
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments] | ||||||||||||||||||||
| McDonald's - An expensive real-estate company (value $150.90 vs price $248.74) Posted: 28 Jan 2022 08:54 AM PST I went through the annual reports of Mcdonald's for the first time and I'll describe it as an expensive real-estate company that sells branded properties. I'll make my case below. I will not share the video with my analysis as that would be considered self-promotion. McDonald's makes money in two ways:
If you look at the total revenue of the company, you'll see a decline for a decade, accompanied by an increase in the operating profit which is not surprising. Instead of owning the restaurants, McDonald's is renting them to individuals who would like to have their own business and on top of that, they're collecting royalties. So the type of revenue shifted from the low-margin "Sale of burgers, fries, beverages, shakes, and ice-creams" to the high-margin "collecting rent and royalties". From an operating profit point of view, 60% comes from rent, 30% from royalties, and 10% from actually company-owned restaurants. Therefore, my conclusion is, that it currently operates as a real estate company that rents branded properties. After finishing my analysis and preparing my presentation for recording a video, I take some time to do a quick research online on the company, mainly to figure out if I'm missing something. I often stumble upon certain videos and I'm disappointed that many of them have basic checklists without understanding the business and providing value for the viewer. These come mainly in the form of "Did the revenue increase in the last 5 years? Do we have a P/E of < X". In the case of McDonald's, if you have a checklist, you would not have a check on the revenue growth in the last 5 years and without understanding the company, you'd have a wrong impression on McDonald's. Finding good investment opportunities takes a lot more than having a simple checklist that most 6-year olds can use. So, I did value McDonald's based on the following assumptions: Revenue - 5% growth in the next 6 years, then growing slower after that (Similar to analysts' forecasts for the next few years) Operating margin - 45% (No significant change compared to the last few years, also in line with the analysts' forecasts) WACC - 5.91% Outcome: $150.90/share (Much lower than the current stock price) Below is an overview of the value of the company based on different assumptions related to revenue growth (in 10 years) & operating margins:
I'd like to get your thoughts on the company and see if there's anything significant that I'm missing from my assumptions. EDIT: Thank you for recommending "The Founder". The fact that based on my analysis, many have thought I've already watched the movie, gives me a lot of confidence. I have already added it to my list and will watch it :) [link] [comments] | ||||||||||||||||||||
| The future value of TSLA is not computable. Posted: 28 Jan 2022 11:02 AM PST You can't justify calculating TSLA's future value from the current numbers. You have to be expecting growth in sectors and markets not yet accessed by the company. That is eminently possible but with no information there is no reasonable way to estimate it. Your error bars are too large to create a valid result. You also have to hope that the expected competition coming to the company's current sectors won't cause existing growth to slow. And that's not going to happen. Every car maker on Earth is coming for the EV market, because manufacturing most kinds of ICE cars is going to be banned in the future, and they want to remain in business, and will not find it hard to do so. Bottom line: if Tesla doesn't start to access new business lines (robotics is a good example) it will start to get its ass kicked in EV, and it will collapse and be remembered as a fad. That's all the certainty there is. It may go up, but it will certainly go down if it doesn't start reinventing. Getting any number of significant digits on its future value is magical thinking. [link] [comments] | ||||||||||||||||||||
| Here is a Market Recap for today Friday, January 28, 2022. Posted: 28 Jan 2022 03:27 PM PST PscyhoMarket Recap - Friday, January 28, 2022 After an extremely volatile week, the stock market surged on the back of Apple's (AAPL) monster earnings report, with market participants hoping positive earnings in the largest companies in the market will bring some relief from recent volatility. Moreover, new economic data showed the US economy continues to progress despite rising prices and surging Omicron infections. Markets Today
Considering ongoing disruptions in the global supply chain and the persistent semiconductor shortage that has deeply affected all electronic manufacturers, Apple (AAPL) posted one of the most impressive quarters ever considering the circumstances, buoying the entire market during a period of exceptional volatility. Here are the numbers:
During a call with investors, CEO Tim Cook said the company, "experienced supply constraints that were higher than the September quarter", but he declined to give a specific number. For context, in Q3, Apple said supply-chain constraint cost the company more than $6 billion in revenue. Cook continues, "We pride ourselves in getting products to customers who really want them, and we try to do that on a fast basis, and so it's frustrating that we can't always do that at the speed we would like. However, March is better than December, and so there are some encouraging signs there. I think our supply chain actually does very good considering the shortages because it's a fast-moving supply chain." This morning, the Fed's preferred gauge for inflation rose 4.9% compared from a year ago, the largest YoY rise since September 1983. The Department of Commerce released personal consumption expenditures (PCE), which tracks the value of goods and services purchased in the US, rose 5.8%. Core PCE, which excludes volatile food and energy prices and serves as the Fed's preferred measure of inflation, rose 4.9% year-over-year. https://www.bea.gov/news/2022/personal-income-and-outlays-december-2021 Despite elevated inflation, The Bureau of Economic Analysis (BEA) released its first estimate of fourth-quarter GDP on Thursday. For the full-year 2021, GDP grew at a 5.7% rate, marking the fastest since 1984. And this marked a sharp reversal from the contraction seen in the economy in 2020 when GDP shrank by 3.4%. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:
https://www.bea.gov/data/gdp/gross-domestic-product On Wednesday, the Fed released their monthly monetary policy decision and Chair Jerome Powell gave his press conference, which contributed to the volatility we are experiencing. The Fed held rates at near-zero and reaffirmed plans to finish tapering by March, at which point we will likely see the first interest rate hike of the year. Higher rates could address inflation by raising borrowing costs and dampening demand — particularly for goods. In its statement, the Fed said, "With inflation well above 2% and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate. The Committee decided to continue to reduce the monthly pace of its net asset purchases, bringing them to an end in early March". It is likely the first interest hike will come either in March or April, after the Fed completes tapering. Here is the entire statement: https://www.federalreserve.gov/monetarypolicy/files/monetary20220126a1.pdf In his press conference following the meeting, Chair Jerome Powell said, "I would say that the committee is of a mind to raise the federal funds rate at the March meeting, assuming conditions are appropriate for doing so." But the policy-setting Federal Open Market Committee unanimously agreed that "it will soon be appropriate to raise the target range for the federal funds rate," and Powell's commentary suggests the first increase will happen on March 16. Kathy Entwistle, Managing Director at Morgan Stanley, said "Everything the Fed is doing at this point we think has just been priced in over the last few weeks. And that's where a lot of the slide in the market has come from. And the big question is, will we slide a little bit more? What's happening? We're looking at companies and their earnings ... to determine whether or not we're going to have a little bit more of a pullback in the market or not. And that's based on what they can do going forward, where their opportunities are. And we've been hearing a lot about inflation. If you think about a 7% inflation rate, that's quite significant." Highlights
"Life is 10% what happens to me and 90% of how I react to it." -Charles Swindoll [link] [comments] | ||||||||||||||||||||
| How do you guys remain patient? Posted: 28 Jan 2022 05:35 PM PST Watching all these juicy dips makes me want to take out an enormous loan to snatch up everything. Other people get fearful and post here about selling off and I want to buy. I want to spend irrationally and I know it's foolish/ I won't, but I'm tempted. I've spent the cash that I had available and I don't want to dip into emergency funds. Should I just stop looking at the markets until I'm flush with cash? How do you guys deal with it/cope when there's a buying opportunity and you don't have the funds to take advantage? [link] [comments] | ||||||||||||||||||||
| Everyone else is down too…. right? Posted: 28 Jan 2022 07:31 AM PST I started finally investing long term in summer of 2020, mostly sticking with total stock market etfs and funds. I did choose some "meme" funds here and there (ARK, weed, etc) but overall I was doing good. The past 3 months have crushed me. I'm down 29% for 3 months, and about 20% for 1-year. I'm now strictly sticking to SPY and VTI going forward and learned my lesson about other types of funds, but I'm starting to feel guilty and regretful on how I've chosen certain funds. I want to ask the overall community, how is everyone else doing? Was I particularly stupid or have you also taken a hit? [link] [comments] | ||||||||||||||||||||
| $85k in cash to invest after my covered calls were exercised. Which stocks/sectors look good? Posted: 28 Jan 2022 01:14 PM PST I have the vast majority of my money in $VTI. But I sold covered calls on some of my stocks and they got exercised. Mixed with some cash on hand I'll have $85k to deploy starting on Monday. What looks good after this wild January? [link] [comments] | ||||||||||||||||||||
| Posted: 28 Jan 2022 10:02 PM PST Not sure if anyone here follows his videos but a lot of comments from his content lately has been that he is about to implode and taking riskier bets that don't really make sense. Anyone have any input into what he did exactly? Heard he sold out of everything like TSLA Etc and also keeps giving conflicting info??! I don't follow his advice because he seems like a snake oil salesman but the man does pump out some content gotta give him that! Would love to hear yalls thoughts. [link] [comments] | ||||||||||||||||||||
| Could a recession in China produce long-term downside risks for American equity markets? Posted: 28 Jan 2022 04:13 PM PST Chinese property developers continue to face increasing liquidity pressures, and the general economy in China is slowing at a concerning rate. These factors, combined with high levels of debt across multiple entities in multiple sectors are contributing to a growing risk of recession in the broader Chinese economy. As the economy slows, I believe that a number of highly leveraged companies in the other sectors will begin to experience similar liquidity pressures, which would only add to expected declines in production. A recession in China would almost certainly produce short-term downside pressure in U.S. equities exposed to their economy. Beyond the short term, however, I think it is unclear how a Chinese recession would impact Wall Street. Over time, would it simply lead to increased domestic production capacity and reversal of some previously outsourced manufacturing lines, or could it actually produce something of a "domino" effect among U.S. institutions exposed to China? I've heard some excellent arguments on both sides. Looking for some insight as I develop an investment strategy for the year. I liquidated my entire portfolio in November and will be structuring a new portfolio sometime in around February or March. [link] [comments] | ||||||||||||||||||||
| Posted: 28 Jan 2022 11:06 PM PST Here's the email
Thoughts? [link] [comments] | ||||||||||||||||||||
| Posted: 28 Jan 2022 04:00 AM PST While the overwhelming sentiment around this sub still seems to be that Tesla's valuation is unjustifiable, I have yet to see someone explain that using real data instead of reasoning by analogy ("but Toyota/VW sell X cars" and is only worth Y"). Looking purely at the numbers, it seems to me Tesla is starting to become insanely undervalued. This post is largely based on a recent video by Tesla Daily. I believe links to YouTube aren't allowed, but it's his Jan 28th video for anyone who wants to see the detailed version. So here are the numbers: After Tesla's Q4 earnings and subsequent 11.5% drop in stock price, its market cap dropped to $833B. Total GAAP earnings for 2021 came in at $5.5B, giving us a PE ratio of 151. "Ridiculous!" I hear you say. Well not so fast. Tesla's earnings in 2021 were up 665%, Q4 earnings was up 760% YoY and earnings in Q1 were just 1/6th of Q4. If we annualize Q4 (basically projecting 0% growth in 2022), we're already at a GAAP net income of $9.3B, or a forward PE of 90. Now obviously Tesla won't be doing 0% growth in 2022, so let's look at some of the things that seem a given. First of all, Tesla "paid" $910M in stock-based compensation to Elon Musk in 2022 for his CEO compensation plan. For 2022, there is only $65M of that plan left. Since this affects GAAP earnings, this will already mean an $845M increase to Tesla's 2022 earnings. Of course there might be a new compensation plan in the future, but this almost definitely won't affect 2022 and it would only come into effect if the stock rise significantly (I'm personally expecting it to be a plan for $2, 3, 4, ..., 10T in market cap) Next, Tesla had an increase in SG&A of $340M because of Elon exercising his options. This was a one-time expense that will not occur in 2022. Adding these together, that's an added $1,185M to Tesla's bottom line in 2022, all other things equal. This would bring their PE down to 79. Then we've got growth. In the earnings call, Tesla mentioned how they expect to "comfortable exceed 50%" from their two existing factories, meaning they will sell at least 1.4M cars from Fremont and Shanghai alone. While scaling these factories might further improve margins due to economies of scale, let's pretend margin stays flat for these factories. Although this would likely increase GAAP net income by more than 50% (because not all costs would increase 50%, as we could see last year when revenue gross profit grew 135% but GAAP net income grew 760%), let's be super conservative and assume this increases GAAP net income by 50%. This adds up to $2.3B * 4 * 0.5 = $4.6B for the full year. Now finally, just to appease the bears, let's fully back out regulatory credits even though these are unlikely to go to $0 in 2022. In 2021 this was a total of $314M. Adding all of these up: 9.3 + 1.2 + 4.6 - 0.3 = $14.8B in net income for the full year 2022. This would give us a forward PE of 56 for a company that's at worst growing earnings 50% per year, or a PEG ratio of around 1. Now all of this doesn't take into account any of the many catalysts that are coming up for Tesla. Obviously they've just started production in two factories that are each larger than their two current factories combined, they will no longer need to ship (for insanely expensive rates atm) cars to Europe, the new factories will have new technologies like the single-piece casting for rear and front underbodies (which is much faster and cheaper), there's an $8,000 EV incentive that might be coming back and would force Tesla to raise unit prices to prevent demand from getting out of hand, and all of the more speculative stuff like FSD, Tesla bot, Autobidder and energy/solar in general, etc. Finally, if you still think a forward PE of 56 in the absolute worst case is too expensive, let's have a look at a comparable company in history. In 2016, Amazon also did an EPS of $4.90, after a year of 290% EPS growth. As we stated before, Tesla this year grew 760%, yet Amazon was also right around $830 a share at that time so both traded around the same PE. Looking at the growth in the next years, Amazon grew to $6.15 in 2017 and $20.14 in 2018, whereas we just established Tesla will at worst be growing to ~$15.00 in 2022 and 2023 will see Giga Texas and Berlin starting mass volume production. Just to give you an idea for comparison, Amazon's stock price grew to $1700 based on these earnings. So having gone through all these numbers, while you can have doubts about how long Tesla will sustain this growth in car sales and whether their other businesses (energy/software/robotics/AI) will ever become a material part of the business, I think it's safe to say that anyone who says Tesla's valuation is "nowhere near justified" simply hasn't done the research. EDIT: Reupped since I thought the previous title wasn't exactly accurate. [link] [comments] | ||||||||||||||||||||
| Other than Apple and Microsoft, which earnings have impressed you the most so far? Posted: 28 Jan 2022 10:29 PM PST Other than Apple and Microsoft, which earnings have impressed you the most so far? I'm looking to sort through the storm and see which stocks are best during the slow period post earnings and I've liked a couple like LVMUY and Visa obviously. But what others that are less talked about have made you consider buying more (or started a position in)? [link] [comments] | ||||||||||||||||||||
| Please be cautious of stock specific subreddits causing an echo chamber Posted: 28 Jan 2022 03:54 AM PST Market volatility can lead to some irrational thinking and behaviour. I want to just warn any new (or old...) investors of being skeptical when joining a stock specific subreddit and getting sucked into the echo chamber of how amazing a company is. Stock specific subreddits are great for getting information, but they can also reframe your reality on the true behaviour of a company. But, many of these subreddits are full of ultra-bulls and skeptical analysis of the future can lead to ostracizing comments or down votes. Every stock cannot be a winner. Many stocks will actually be mega losers. Especially speculative growth stocks that have no clear path to profitability. Many of these subreddits are full of individuals posting ridiculous PT's not rooted in reality. Or getting upset when a stock slides despite all the "great news". Here's some advice to help avoid getting sucked into an echo chamber:
There are so many people holding high growth stocks that are seeing P/S multiplier contract despite no news on the stock itself. This was going to happen inevitably. What is important now is to really turn to facts and conviction to have realistic expectations on what your portfolio will do. Also, always manage your own risk profile. Everyone has their own risk profile. Make sure to write down what yours is and stick to your personal financial responsibility. [link] [comments] | ||||||||||||||||||||
| Who Will Buy -5% Yielding Bonds When QE Ends? Posted: 29 Jan 2022 12:04 AM PST Once the Fed ends QE who is going to buy American bonds that yield such a hugely negative amount? I think China stopped buying it a few years ago, as the second largest purchaser of American debt, so who do we think will step up to buy -5% yielding Bonds? Surely any entity buying it wouldnt have long to last at that rate, and past bonds will diminish in value as the Fed raises rates, so it really makes no sense to me. Can someone explain to me what will happen and who will buy these things? [link] [comments] | ||||||||||||||||||||
| Why is Intuit trading so high? Posted: 28 Jan 2022 05:14 PM PST I've started analyzing Intuit and I cannot find any rationale on why the company is trading at that level. They have revenue of $10bn, with an operating margin of roughly 25%, which translates to $2.5bn operating income. They have 3bn in cash and $2.5bn in debt so that almost offsets each other. So, a company that earns $2.5bn pre-tax income currently has a market cap of $151bn (60x). The expected growth in the next year is 25% and then 15%, so there is growth, but it's not that high to justify the high price. When I include all of this into a DCF, I get a value between $200 and $300, which is half of where it currently is. Needless to say, this is after the 23% correction in the last weeks. Is there anything I am missing? Thank you in advance! [link] [comments] | ||||||||||||||||||||
| News with Shephard Smith on CNBC Posted: 28 Jan 2022 04:49 PM PST Thoughts? Opinions? I personally really like the show and is probably the only news show I'd actually recommend people to watch. He covers all the important events with different insights, and sadly I appreciate his mostly corny jokes. He seems like a very bright guy, I had never heard of him before he started up this show but apparently was on Fox News ( I don't see that at all in his show, demeanor)… Anyways, anyone else watch or have thoughts on the show? [link] [comments] | ||||||||||||||||||||
| Is Big Tech Really Overvalued? Posted: 28 Jan 2022 07:14 AM PST The narrative here lately is that valuations are crazy even amongst the big tech and this is a major bubble we are in and we should expect a correction up to the 50% etc. Well, if we simply look from an earnings estimates perspective and compare this to these companies' past, it doesn't look overvalued mostly. These earnings growth estimates are just estimates that's for sure, but not unachievable. I've used the estimates from Finviz and compared them to their past PE data gathered from Macrotrends. Currently sitting at 25 PE, which is expected to drop more after the earnings announcement. When I look at the average for Google in the last 14 years, this number seems to be the average and even closer to the bottom in the last 5 years. Google's earnings have grown 21% on average in the last 5 years, and are expected to continue growing at the same pace for the next 5 years. I know the hate amongst Facebook well enough, but wherever you look from it, this stock is cheap. Currently sitting at 21 PE which is the cheapest ever Facebook's stock ever been other than the 2008 crisis. The company has grown on an annual 50% growth rate for the last 5 years and is expected to continue its growth at 22% for the next five years. Also, I see a huge potential for Oculus brand. It's currently the best VR in the market by far and I do believe it is the finally the VR people have been expecting for years; it doesn't require a computer to run nor any cables. Amazon Amazon also sitting at its lowest PE ever (54) for the last 20 or more years, and grown at 101% annual growth rate in the last 5 years. But for the next 5 years, Amazon is expected to grow at a 36% growth rate. It still looks a bit expensive purely looking at these numbers but we all know Amazon is investing into so many different areas and can catch unexpected opportunities for faster growth. AMD This one is my favorite. AMD's earnings have grown 35% on average in the last 5 years, and are expected to keep growing at 39% for the next 5 years. And compared to this, its PE is only 31. This is also the lowest AMD's PE has ever been. NVIDIA Nvidia has similar earnings growth rates compared to AMD (past 5 years 45%, next 5 years expected 39%). However, its PE ratio is sitting at 68, which is almost the most expensive NVDA has ever been. APPLE Apple is at 29 PE, which is historically quite high for Apple and is expected to grow only at 15% for the next 5 years (last 5 years was 22%). I don't think Apple is cheap, however, I do think investors like the balance sheet of Apple too much. No one know what might Apple lead into next, home electronics, EV, healthcare or smart home, which makes Apple's stock pricier. Also as a famous value investor, Warren Buffett is still all-in on Apple. MICROSOFT People usually compare Microsoft PE with its past average, which was about 12 PE for almost 10 years, and it's currently sitting at 34 PE. But what people forget is in that 8-10 year period, Microsoft's EPS almost had zero growth. Only in the last 5 years Microsoft started to grow and at a great pace of 26% annually. However, analysts expect this to fall into 17% annually for the next 5 years, so Microsoft's stock still looks pricey compared to its peers. I don't think it is cheap but I think this price comes from the mistrust against these expected growth numbers because of Microsoft's potential. So what do you think? Do you expect Google's PE to fall to 12? Or AMD into 15 while expecting this pace of growth? [link] [comments] | ||||||||||||||||||||
| Posted: 28 Jan 2022 01:34 PM PST I haven't held stock through an acquisition before and I find the news regarding this a tad confusing. If the sale goes through will I be compensated at $95 per share? And is the risk of not selling beforehand that the sale might not end up going through? I'd lose 15% on my investment if I sold at today's price. [link] [comments] | ||||||||||||||||||||
| What brokers allow US citizens to invest with a non-US address? Posted: 28 Jan 2022 09:45 PM PST I am a born US citizen Looking to start putting some money away monthly in mutual funds/ETFs/S&P 500 etc. My issue is I am possibly moving to Belgium for a few years soon, and I heard some brokers are very against this (Fidelity, Vanguard), and if they notice a non-US residence when I file my taxes my account can be shut down. Other companies like Schwab I can't find their policies regarding this as easy. Anyone know a general list of respected US brokers that wouldn't shut me down with a non U.S. address or have any experience with this? [link] [comments] | ||||||||||||||||||||
| Evaluate my thesis: The January effect in February. Posted: 28 Jan 2022 10:16 AM PST The January effect is when stocks that lost price the previous year do well in January. But this January was the Correction Show. So all of 2021s losers will still be cheap come February. There has been no January effect to drive them up this year. This means everyone who sold them for a tax deduction in late December will see them still cheap in February. Many of these investors still believe in the stock and parted reluctantly with it to offset their other 2021 gains. Now wash sale rules are off and they will buy in again. The January effect in February. What do you think? [link] [comments] | ||||||||||||||||||||
| Restructure Portfolio - What do you think? Posted: 28 Jan 2022 04:29 PM PST I'm a relatively new investor but have a background in finance. I had an extra $4,500 to invest in the market, not including margin. I made some stupid options/stock decisions in early January so I'm down -22% overall. I was too heavy in SOFI and DOCU, so I decided to buy down my cost basis in SOFI and sold my DOCU for a 30% loss. Put that capital towards AMD, UPS, and WIRE due to the expected profitability and earnings. Just considering my unrealized gains/losses, I'm at -10.42% overall. I think I can EASILY make those losses back within the next 12-24 months. If I timed the market correctly, then the growth stocks I've invested in will bounce back 40 - 120% overall and I've bought them at a heavy discount. Here is the list of the current portfolio below: EQUITIES: SOFI: 175 shares @ $13.50 AMD: 12 shares @ $106.02 CRM: 4 shares @ 220.64 SENS: 250 shares @ $2.698 UPS: 2 shares @ $198.23 WIRE: 5 shares @ $106.45 OPTIONS: SENS (14 APR 22) @ $2 Strike - $1.1 Trade Price - $3.10 B/E SENS has an upcoming 180-DAY FDA approval on a CGM system that is a total game-changer. You'll need to look into it yourself. On 1/5/2022 SENS announced they'll have a decision within weeks and the share value jumped from $2.50 to $3.50 overnight. Imagine what happens when it's news about the actual FDA approval and they can start selling the device within the USA. Let me know your thoughts on this portfolio and trades. I'm here for advice. By the way, I'm a 29YR male. I can take on more investment risks. [link] [comments] | ||||||||||||||||||||
| What is your favorite gene editing stock and why? Posted: 29 Jan 2022 01:14 AM PST I think the industry has a bright future, but I am having trouble determining which stocks will be the winners. I also am not interested in ARKG, because a lot of the stocks have nothing to do with gene editing. [link] [comments] |
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