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Post by ferris1248 on Jun 28, 2024 8:05:39 GMT -5
VIX at 12.36. Been pretty quiet all year.
PLUG is interesting.
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Post by swampdog on Jun 28, 2024 8:46:47 GMT -5
Gonna take a draw shortly and thinking of paying the tax and opening a Roth with the draw. Any thoughts?
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Post by ferris1248 on Jun 28, 2024 9:23:37 GMT -5
How old are you and what will it do to your tax bracket?
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Post by cadman on Jun 28, 2024 9:55:39 GMT -5
VIX at 12.36. Been pretty quiet all year. PLUG is interesting. i think Plug is a good stock. I bought at $2.33, took some profit when it went to $3.40, then bought more when it dropped back to $2.60. There was something about congress questioning the $1.66 Billion Conditional Commitment Loan Guarantee From the Department of Energy. But other than that, lots of good news for the company.
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Post by ferris1248 on Jul 9, 2024 6:19:03 GMT -5
Piper Sandler will no longer release year-end price targets for the S&P 500 (^GSPC) after concluding that the index no longer truly reflects the stock market's performance. In a video interview on Yahoo Finance, Piper Sandler co-chief investment strategist Michael Kantrowitz explained the firm’s reasoning. “In the last few months, as I was trying to think about raising my target again, I didn't really feel that comfortable being intellectually honest saying that I can have a high conviction view of where the S&P 500 is going to end up,” Kantrowitz said. “Nor did I think it really adds value to our clients who are institutional investors.” "According to a note from Piper Sandler, a small group of high-performing stocks, including “Magnificent Seven” tech names such as Alphabet (GOOG, GOOGL), Apple (AAPL), and Tesla (TSLA), significantly influence the market's activity." "Piper Sandler found that the top 10 stocks represented 75% of the index’s year-to-date returns. And, as Yahoo Finance’s Josh Schafer observed, AI darling Nvidia (NVDA) was solely responsible for nearly one-third of the S&P 500’s gains as of late June." "Kantrowitz maintained the importance of having a bullish or bearish view of the market and reiterated that Piper Sandler continues to have a bullish view for this year. Previously, the firm's year-end price target for the S&P 500 stood at 5,250. On Monday, the benchmark index closed at 5,572." "Instead of focusing on the S&P 500, Kantrowitz told Yahoo Finance that he recommends clients prioritize "quality at a reasonable price" by focusing on companies that outpace their peers in terms of earnings growth but aren’t the most expensive." "You kind of have to sacrifice a little bit of growth, perhaps, in quality to find names that aren’t egregiously expensive,” he said. "We’ve got — in the S&P 500 — 50 names that have beaten the index this year, and it’s not just about all AI or all tech." finance.yahoo.com/news/top-wall-street-strategist-explains-why-hes-abandoning-an-sp-500-target-203413713.html
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Post by ferris1248 on Jul 18, 2024 12:31:27 GMT -5
"(Bloomberg) -- After US technology shares endured their worst drop since late 2022, pummeling the broader market, the trading desk of JPMorgan Chase & Co. is predicting the downdraft will be short-lived." "The slide across chipmakers on Wednesday that dragged the Nasdaq 100 Stock Index down 2.9%, its biggest decline in 19 months, was a “massive overreaction” spurred by geopolitical fears, according to Andrew Tyler, the bank’s head of US Market Intelligence." “That is taking the market lower but think that rebounds over the next 1-2 weeks,” he wrote in a client note early Thursday, responding to questions he said he’s received about whether the bull run is over and a correction is beginning." "Chipmakers extended losses after the Philadelphia Semiconductor Index logged its biggest one-day drop since October 2022 amid a growing risk of tougher trade restrictions on chip companies and an ongoing rotation away from larger-cap names." "Tyler indicated that his tactical bull case remains aligned with the current backdrop. Among reasons that support a quick recovery in US equities is macroeconomic data continuing to print “Goldilockishly,” he said, viewing the latest retail sales and industrial production reports as “bullish inflection points.” Positive earnings catalysts, with expectations for so-called Magnificent Seven stocks pointing to another “monster quarter,” will also bode well for the US stocks, alongside the view that Federal Reserve officials are still on track to reduce interest rates." "Meanwhile, the recent rotation into small-cap stocks has legs, signaled by the energy and financial sectors closing up during Wednesday’s selloff and the Russell 2000 Index outperforming the S&P 500 Index on the market’s move lower. Small caps have soared recently at a pace not seen since the pandemic as traders moved up their expectations for policy easing." " Risks to his view include seasonal weakness. Since 2000, the S&P 500 had an average return of 1.5% in July. Even after Wednesday’s selling, the benchmark is still up more than 2% month-to-date, which suggests it could give way to a flat August. Elevated positioning across tech shares and slower retail flows late summer are also potential downsides, along with election uncertainty and, particularly, the impact of tariffs." "So far, “earnings season continues to illustrate that the consumer is doing better than the market is giving credit for,” a strength that is likely to support the economy and, subsequently, earnings and the market, Tyler and his team said." finance.yahoo.com/news/jpmorgan-traders-stocks-rebound-overreaction-144911532.html
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Post by richm on Jul 18, 2024 15:20:37 GMT -5
NVDA is down about $10 from when i bought. OXY is up about $1.
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Post by swampdog on Jul 18, 2024 15:54:42 GMT -5
How old are you and what will it do to your tax bracket? I’m 73. Wife is wanting to pay the tax and a long trip…
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Post by ferris1248 on Jul 18, 2024 18:24:52 GMT -5
How old are you and what will it do to your tax bracket? I’m 73. Wife is wanting to pay the tax and a long trip… I'd just make sure the transfer from the 401K to the Roth didn't hit you too bad taxwise or kick you up into another tax bracket. Maybe just pull the money for the trip if that didnt kick above your current bracket. I'd talk to a tax guy about it or see if anybody chimes in here. I could just be over thinking it.
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Post by cadman on Jul 18, 2024 18:51:58 GMT -5
How old are you and what will it do to your tax bracket? I’m 73. Wife is wanting to pay the tax and a long trip… Are you taking your minimum distribution each year. Ferris is correct, you need tax advice from a professional.
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Post by swampdog on Jul 18, 2024 21:20:51 GMT -5
Thanks. I’m gonna talk to a professional shortly. This will be our first minimum distribution.
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Post by Captj on Jul 19, 2024 6:41:02 GMT -5
Uncle's going to get his. You can pay now, or pay later. Question is - will we be here later.
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Post by billybob on Jul 19, 2024 7:47:47 GMT -5
Take it while you can still enjoy it.
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Post by nuevowavo on Jul 20, 2024 13:27:21 GMT -5
VIX at 12.36. Been pretty quiet all year. PLUG is interesting. i think Plug is a good stock. I bought at $2.33, took some profit when it went to $3.40, then bought more when it dropped back to $2.60. There was something about congress questioning the $1.66 Billion Conditional Commitment Loan Guarantee From the Department of Energy. But other than that, lots of good news for the company. Check their burn rate. They're selling $200+million in new stock just to stay in business. Before the sale, they only have $173 million cash on hand, and they ran through $1.6 billion in the last 12 months. They haven't had positive cash flow since they began reporting in 1997.
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Post by cadman on Jul 20, 2024 13:39:55 GMT -5
i think Plug is a good stock. I bought at $2.33, took some profit when it went to $3.40, then bought more when it dropped back to $2.60. There was something about congress questioning the $1.66 Billion Conditional Commitment Loan Guarantee From the Department of Energy. But other than that, lots of good news for the company. Check their burn rate. They're selling $200+million in new stock just to stay in business. Before the sale, they only have $173 million cash on hand, and they ran through $1.6 billion in the last 12 months. They haven't had positive cash flow since they began reporting in 1997.
They risky, no doubt. I only own 1000 shares. I still like them. Not buying any more though.
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