$Apple(AAPL)$broke the psychologically support of $150, the last one to break under the current "recessionary" outlook. Supply chain inflation, sales headwinds all adding up the pressure. So where's themoney going to? Pension funds are still in, Wall Street still loves it, I'm going tactically long with it using options to keep my risk lower as it's still my favbig cap ticker[Love you]
Can Apple Stock Weather This Storm In The Markets?
Expected plunge as $Beyond Meat, Inc.(BYND)$Is being punished. Everyone is forgetting this plant based food with the economy getting ahead of covid.Personally impossible food taste better though BYND has the larger market share in the US and a stable sales if MCD really goes forward with them. Food industry is too competitive and sometimes it's just hard to convince meat eaters. I don't hold NYND anymore after drop from $62 but it has been giving me good pocket money with the puts.
Beyond Meat's Stock Plunges 21% on Weak Sales, Widening Loss
Tdy is also the triple twitching day where lots of options & futures expires... a drop is expected w the short covering - the exciting part is how market is going to close tonight! Perhaps it's time to keep $NVIDIA Corp(NVDA)$ on my watchlist since Mr Jenson is taking profit on the prices!
Semiconductor Shares Slid in Morning Trading, With Nvidia Falling over 4%
$JPMorgan Chase(JPM)$is very oversold with all yhe bad news priced in, still it's a good investment bank which will do well with the interest rate environment. $Walgreens Boots Alliance(WBA)$falls into my healthcare play along with the index as it expands into the retail markets. Great to see both featured!
Here Are 3 Top Dividend Stocks for Stable Cash Return and Inflation Protection
Personally I like $Walt Disney(DIS)$It has come a long way fr just being an amusement park to diversification into the streaming business. Park and product revenue still exceeds expectations, parents will still need to bring their kids somewhere no matter how virtual the world can be. Streaming is a very competitive business that this mouse needs to navigate cleverly. the price seems oversold under the macro environment but anything below $100 is too good a value to pass [Sweats]
Disney Stock Turns to a Loss after Warning about Rough Road Ahead for Streaming
As much as I like $NVIDIA Corp(NVDA)$ I remain my stand to wait on the pullback by collecting premium fr selling puts. shadowing the history of $Apple(AAPL)$ pullbacks of 20% can be possible as S&P hovers the highs with lower trading volume. So my trade idea: sell put strike @ 105 delta 0.20-0.25 expiry will depend on your holding power. Havingsaid this I'm prepared to double down should 105 breaks. [Cool]
Roaring Kitty been posting bear beware / friends/ he's back meme every other 15mins but $GameStop(GME)$ Just keep sliding. Seems everyone is waiting for his trigger - time & pressure - as hinted. Gosh this is unfolding into an epic reality show mate! 😎
Let's take a look at $Netflix(NFLX)$ performance. Nflx has done a great job with the first mover advantage & all the collaboration with the local shops/ lifestyles & trends to keep up with the attention seeking generation. The ability to raise prices and yet minor drop in subscription which they recovered it seems to show the anchor tv / movie moat they have compared to Disney. the recent surge is healthybut against the backdrop of a suspicious cloud where everyone thinks that the market can't be keeping with new highs - it will be an unfortunate victimof pullback due to macro environment. The current options premiums are not attractive so perhaps "do nothing at the moment" for me is a strategy withthis ticker. In longer term I
Interesting article, personally I also feel $GameStop(GME)$ is overvalued based on traditional DCF methodology. Well, here's the work of Mr Market against the many who see Roaring Kitty as the icon forthe everyday men & women working their lives off. A beacon of hope & perhaps a cult/ inspiration. Assuch, the prices becomes unpredictable. [Miser] [Anger]
My once-in-a-life timetrade till date is probably DBS In covid era. Stocks were sold off below fair value and well I kinda conclude that if everyone is to die in the apolcalyse there is no use for money anyway. YOLO [Happy]