Investing

What did you buy? What might you buy??

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  • May 28th, 2022 2:06 am
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Deal Guru
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Sep 21, 2007
10673 posts
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Winnipeg
so lets say there is a pull back.. When SPY pulls back, who's got dry powder to buy the dip?
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Deal Expert
Jan 27, 2006
19542 posts
12621 upvotes
Vancouver, BC
jerryhung wrote: Recent Fintech downtrend is so strong I don't even know why - b/c of Rates going up?
SQ PYPL SOFI plus BNPL names
ARKF -5% today

When I see -10~-20% drops on so many names without news, it's big warning
The news is that rates are going up and the traditional money center banks make more money during an increasing rate environment and as such may be a bigger player in those areas where Fintec is playing in. The issue isn't isolated to new Fintec but older ones like V and MC are also getting hit.
Deal Addict
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Jan 14, 2009
3812 posts
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Vancouver, BC
MoneyHypeMike wrote:



Best for last (not that I am a fan of zoom, but explain current state of the market)

The top 5 companies in the TSX 60 is 33% of the index. Top heavy distribution is just a natural fact of life. The bottom don't really matter. Data like that is not very useful.
https://www.blackrock.com/ca/investors/ ... -index-etf
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Deal Guru
Feb 9, 2009
12335 posts
11165 upvotes
Looks like the bubble already popped on the high growth tech names.

Whats saving the nasdaq has been the usual Apple Microsoft, Google, NVIDA, Tesla etc.

Tesla somehow is still near highs. Thats the last big bubble stock that has to pop.

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Sep 19, 2004
25248 posts
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where I belong
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https://compoundadvisors.com/2021/7-cha ... 1241302688

no charts, sorry
7 charts from the past week that tell an interesting story in markets and investing…

1) Investors Are Behaving as if the Future Has Already Happened

The mania in electric vehicle companies continues…

-Rivian’s ($RIVN) market cap hit $149 billion this week, substantially higher than both General Motors ($91 billion and Ford ($79 billion). Investors are behaving as if the future has already happened, that Rivian (the “next Tesla”) has already become Tesla (a profitable electric vehicle maker with the highest customer satisfaction in the industry). In doing so, they’re paying a multiple on sales that we have never before seen in a company of its size.


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-Lucid ($LCID) had $232,000 in revenue during Q3 versus $35.7 billion for Ford ($F). Which company has a higher market cap? You guessed it…


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2) Tech Strength Back to 2000 Levels

Technology stocks have mounted an impressive comeback after relative weakness earlier in the year.

The ratio of the Tech sector ETF ($XLK) to the broad S&P 500 is now at its highest level since October 2000.


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On the flip side, defensive sectors are being shunned, with the ratio of Consumer Staples ($XLP ETF) to the S&P 500 at its lowest level since September 2000.


3) The Stock Picker’s Bear Market

The S&P 500 hit its 66th all-time high of the year this week and the Nasdaq 100 is on pace for its 13th consecutive positive year.

The largest companies in the indices continue to lead, with Apple ($AAPL) crossing above $2.6 trillion for the first time, regaining its title as the largest company in the world.

Meanwhile, 2021 has been a difficult year for stock picking, with many former growth/tech/IPO/SPAC favorites showing significant drawdowns…


4) What They Say vs. What They Do

A fascinating divergence: US Retail Sales hit another all-time high last month while Consumer Sentiment is at its lowest level in 10 years.

There’s no question consumers are worried about higher inflation, but that hasn’t caused them to reduce spending just yet. Demand for goods/services remains incredibly strong and consumers have been very insensitive thus far to rising prices. If and when that changes, you have a more troubling situation: stagflation.

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5) More Evidence of Inflation

Coffee prices hit their highest levels in 10 years…

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US Export Prices increased 18.1% over the last year while Import Prices increased 10.7%…

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The surge in US inflation expectations continues unabated, rising to their highest levels ever recorded (3.17% for 5-year breakevens).

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6) Another Meme Bites the Dust

Remember when Clover Health ($CLOV) became a “meme stock” back in June? It’s now down 81% from its peak and at an all-time low.

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7) The 5th Wave

The 5th major wave of covid-19 in the US has begun, and we’ll likely see a significant surge in the months to come (winter, holidays, more indoor gatherings, etc.)…

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It is becoming increasingly clear that the Delta variant is simply too contagious to contain. Every country and region will have to take their turn eventually. In the US, the South was hit hard over the summer and peaked in early September. The rest of the country is now on the rise, particularly the Northeast and Midwest.


In Europe, we’re seeing a significant rise across the continent, with many countries (ex: Germany/Austria/Netherlands/Denmark) hitting a new highs in cases.


The good news is that the vast majority of Americans have now either been vaccinated (69% with at least 1 dose) or infected naturally with the virus (my estimate: approximately 50%). That means >80% of Americans have some form of immunity to the virus, decreasing the risk of severe illness, and each subsequent wave will hopefully be less and less deadly.
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Deal Addict
Mar 10, 2011
2428 posts
579 upvotes
Toronto
Electrah wrote: This thread should be stickied!
It’s so active that it’s always at or near the top of the investing forum anyway, so it’s easy to find Grinning Face
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Dec 12, 2009
23703 posts
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The EV market is really going to get ugly in the next few years with consolidations and bankruptcies. By all measures, with the exception of battery costs, EVs have a whole lot less parts and should be less expensive that gas powered vehicles.
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Sr. Member
Nov 28, 2016
700 posts
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will888 wrote: The EV market is really going to get ugly in the next few years with consolidations and bankruptcies. By all measures, with the exception of battery costs, EVs have a whole lot less parts and should be less expensive that gas powered vehicles.
I think the play with EVs is that these car manufacturers become tech companies with battery improvements, autonomous driving, and integrations with other services. So its going to be who has the bigger potential. I think Tesla is already a winner here, but second and and third place is still up for grab perhaps.
Newbie
Sep 27, 2010
17 posts
131 upvotes
Toronto
I've been buying up DRI Healthcare Trust ( DHT-UN.TO ) pretty heavily the last month including this morning. What's interesting is that this frothy (bubbly?) post-pandemic market has actually created some excellent buying opportunities from a deep value perspective. It appears investors are more willing than ever to dump their losers and chase the high flyers, leading to some stocks trading at ridiculously low valuations.

I cover DRI in much more detail below:
https://www.reddit.com/r/pennystocks/co ... htun_dhtu/

It is current;y my 4th largest holding, around 5% of my portfolio.
Deal Expert
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Dec 12, 2009
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devmaster8 wrote: I think the play with EVs is that these car manufacturers become tech companies with battery improvements, autonomous driving, and integrations with other services. So its going to be who has the bigger potential. I think Tesla is already a winner here, but second and and third place is still up for grab perhaps.
Which new startup has that kind of capability? Battery development requires a lot of research and development with no guarantees of a good outcome. Ditto for autonomous driving. Rivian as an example is using Samsung batteries and they are looking at level 2/3 autonomy. It looks like they are just an EV manufacturer for the foreseeable future.
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Sr. Member
Nov 28, 2016
700 posts
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will888 wrote: Which new startup has that kind of capability? Battery development requires a lot of research and development with no guarantees of a good outcome. Ditto for autonomous driving. Rivian as an example is using Samsung batteries and they are looking at level 2/3 autonomy. It looks like they are just an EV manufacturer for the foreseeable future.
Lucid perhaps
Deal Expert
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Dec 12, 2009
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devmaster8 wrote: Lucid perhaps
Lucid is using LG cells and they are targeting level 3 autonomy. They are pretty much an EV manufacturer just like Rivian.
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