Utah company Co-Diagnostics Inc. showcased in a listing of stocks poised to benefit from Coronavirus outbreak:
https://www.google.com/amp/s/amp.ben...ntent/15172081
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Utah company Co-Diagnostics Inc. showcased in a listing of stocks poised to benefit from Coronavirus outbreak:
https://www.google.com/amp/s/amp.ben...ntent/15172081
I think the energy sector is approaching a buying point.
It has been down for several years.
Individual stock I like is Exxon.
A mutual I like that pays a good dividend is EGLCX
I hold next to nothing long term but if Trump goes 4 more years--this sector should do well.
Consider an MLP ETF. Much lower expense ratio, no loads either way, slightly higher payout possible, and an ETF structure vs a mutual fund. Like MLPA and AMLP to name 2. The (typically) active management of a mutual fund, and the high fees associated with that, are usually only beneficial in fluid targeted investing. Say, a "China emerging biotech fund." Where eyes and ears on the ground are your friend. Versus a relatively staid sector like energy MLPs, where a low expense ratio ETF will do as well, with the lower fees racking up over time.Quote:
Originally Posted by oldno7
If you overlay those 3, you'll see mirror image movements the last 5 years. Telltale of active management not producing a better result than an index. In which case the higher fees cause decay. More than 5 years ago, there was some outperformance by the fund. Perhaps an early manager who was quite good left at some point.
https://etfdb.com/etfs/industry/mlp/
After large, fast market declines, it's always worth scanning through closed end funds, looking for some discounts to NAV. https://www.cefa.com/FundSelector/AdvancedSearch.fs, concentrating on the "Prem/Disc" column in the negative.
Thanks for those dougr
I get in a rut and trade those I know and have traded prior.
I really like the looks of AMLP but as you accurately stated,
you can take a chart from most all the players and they overlay almost to perfection.
So buying the low of a sector, plus the benefit of a dividend is very enticing.
The benefit of an ETF to someone who trades all day is huge.
Especially being able to use low risk stops!(every trade I make involves low risk)
When I lose in a trade, I lose small.
To someone who doesn't have time for that, not so much.
Thanks again.
Quote:
Originally Posted by oldno7
We will take out my first number this morning--26,564
And liberals are getting excited, thinking, please let people die so Trump looks bad.:gloom:
How will market react when the first Coronavirus death is reported(oughta be a hysterical msm cry heard round the world.)
I'm sure they already have their stories written.
I guess I could be shocked that people actually behave this way...Quote:
Originally Posted by oldno7
But then again, these are the same folks that are fighting desperately to preserve the right to murder newborn infants upon birth.
How else do we control the population? Trump refuses to follow the Obama model and involve us in needless conflicts all over the globe. "Sorry Mrs Smith little Kyle just doesn't measure up we're going have to toss 'em into the baby chipper. Better luck next time"Quote:
Originally Posted by rockgremlin
Sent from my LG-M210 using Tapatalk
My 21,000 number looks better and better, eh? :haha:
Another week like this one and we'll be flirting with sub-20,000 territory. But it's worth it because......coronavirus.
Accadacca has made his prediction... time to buy!Quote:
Originally Posted by accadacca
Climb-Utah.com
^^^^FINALLY!!!
I've been waiting patiently for the right time to buy back in, and here it is! :lol8:
To put the current drop into perspective, the Great Recession saw stocks drop from roughly 14,100 to 6,600 -- a 7,500 drop (53%). So far the last week has seen the market drop from 29,551 to 25,766, a 3,785 point drop (13%) in only one week. There's plenty of room to fall further.
Mass hysteria gets expensive...
On the contrary, this is a buying opportunity. I made a fortune by diving into the market in March of '09, and then selling all that I bought between then and the end of 2015. I quadrupled my net worth, seriously.Quote:
Originally Posted by accadacca
That was an opportunity that I figured might only come once in a lifetime, so I took advantage of it. I'll be going on another buying spree when I feel the time is right. Tomorrow? Next week? Next month?...I'll know it when the time is right. I don't think this will go on for very long, however...a lot of people are just taking profit and they'll be buying back in.
"The time to buy is when there is blood in the streets". These big drops are great if you've got some cash on hand.
Quote:
Originally Posted by BasinCruiser
And there it is. The cannery in the mine has signaled its time to move. :lol8:Quote:
Originally Posted by accadacca
https://finance.yahoo.com/news/inves...215843823.html
Attachment 94134
As I've been trying to warn all you's peeps.
------
However, at least a few investors see Sanders’ rise — and the failure of a more moderate candidate to emerge from the crowded Democratic field — as a growing risk to markets. Billionaire bond king Jeffrey Gundlach recently warned that Sanders could trigger a market correction, a sentiment he reiterated on Wednesday to CNBC.
In a lengthy research note published on Thursday, RBC Capital Markets noted that “investors may have been rattled by [former New York City mayor Mike] Bloomberg’s loss of momentum, not just Sanders’s surge,” amplified by a “high degree of nervousness about the coronavirus.”
Sanders is currently the frontrunner to challenge President Donald Trump in the fall, with victories in New Hampshire and Nevada giving him momentum. RBC also remarked on the “enthusiasm and dedication of his supporters,” which could make the general election more competitive if he prevails in the Democratic primaries.
“We think it’s no coincidence that the S&P 500 (^GSPC) peaked alongside last week’s Democratic debate in Nevada, which was generally viewed as a bad night for Bloomberg and a good night for Sanders” and Massachusetts Senator Elizabeth Warren,” RBC wrote.
“We expect a close race in November and think investors are correct to take Sanders’s surge seriously,” the bank added.
should drop 4-500 on open, again today.
The number that has to hold before this gets ugly is 24,709
After that rocks prediction is in site.
dow now down 6-700 to open
Now 7-800,
Wow! Just wow. When, not if, this disaster hits main street the people are going to be looking for a Wall Street head hunter. It doesn't look like permanent QE was such a good idea. With the momentum this will give Sanders, the market will easily slip to canned goods trading.
Sent from my LG-M210 using Tapatalk
We might be seeing a repeat of 2008, politically. The market's tumult that year paved the way for Obama and his radicalism. If there is like carnage here, yes, Sanders' vision of anti-markets, anti-biz might be appealing. He only needs to move a few % to win.
I'm a broken record, but the market hadn't priced in the risk a Dem/Sanders sweep. Might have seemed low risk, but with a high penalty factor.
I have to think this selloff is three pronged:
1, virus slowdown sparked it
2, earnings ratio on a CAPE basis (I posted a chart a few weeks ago) was historically lofty
3, Sanders risk
I'm not sure why Sanders (or anybody) would be anti-market. Anybody who has a 401K, IRA, mutual fund, or any other retirement account has a big financial stake in the stock market. Seeing it fail means kissing your retirement nest egg goodbye.
Why would anyone want that?
Because they're a democrat and enjoy misery and PROFIT from it.Quote:
Originally Posted by rockgremlin
Hard 300 point bounce off that # so farQuote:
Originally Posted by oldno7
Well that picture sucks but the math is good.
Down about 16.6% at todays low from all time high.
The big problem right now is all the big traders computer programs and algorithms are set to automatically sell if the market drops to XXX. This causes a cascade which triggers other sell programs algorithms.Quote:
Originally Posted by dougr
Something Trump could do to stop the slide is temporarily suspended all tariffs on China for the next 90 days or so. This Virus has devastated the Chinese economy, which will be devastating to our supply chains and effect our economy. The US has already won the trade war, temporarily suspending tariffs would help the world economy, and it would show all nations that we want them to succeed... let's see if Trump takes my advice... hahaha...
Iceaxe prediction... the Dow will be back above 28,000 before September.
/Bookmarked
Climb-Utah.com
Quote:
Originally Posted by oldno7
While the market tanks xom +2%
Very good day to buy the energy sector according to my math.
And I did
Which. I entered HMLP, SNP, and OGZPY.Quote:
Originally Posted by oldno7
Quote:
Originally Posted by dougrz
EGLCX
MLPA
XOM
And all 3 pay a dividend as well.
XOM yielding about 7 is incredible. Historically considered best of breed, but in recent years the market has soured on its capital management.Quote:
Originally Posted by oldno7
All the oil cos have political risk with targets on their backs if Dems sweep, but XOM in particular would be the scalp Dems want the most.
But given normal times, you'd expect XOM total return from here to be a double in 7 years or so. 50% in divs, 50% in price appreciation.
I am solely a trader, I will likely buy and sell these dozens of times in the coming months.
I will try to hold the mutuals a bit as they aren't as volatile as single stocks and with a dividend, a bit of a safe space.
I have a very good system for getting in and out of mutuals and etf's I trade the same as stocks.
But make no mistake--A long term hold on a stock for me would be a week.
Most are traded inter day and most of those, I'm in and out within the first hour and then done for the day.
Ah, ok. I'm a much longer holder. I rarely if ever hold less than a few months. I do options for short earnings trades and such, but not often anymore.Quote:
Originally Posted by oldno7
I'm still wary of the market, thinking the political power of this scam alarmism isn't going to stop soon. Dems and media want this to be Trump's Katrina. They will stop at nothing.
Quote:
Originally Posted by BasinCruiser
Annnnnnnd...Will you look at that. Biggest one day jump ever.
Attachment 94154
https://www.foxbusiness.com/markets/...s-march-2-2020
Energy sector up big as well.
XOM--+4.74%
MLPA--+3.14%
EGLCX--+3.11%
Damn... halfway there in one day.Quote:
Originally Posted by Iceaxe
Things will slow down as we near 28,000 but there is nothing fundamentally wrong with our current economy.
Climb-Utah.com
I'd expect some selling tomorrow. Expectation of Fed stimulus isn't enough to sustain a rally.
yep, agree.Quote:
Originally Posted by dougrz
Lots of chop to come
Should open +500ish
If dow takes out this latest swing low(24,681), expect a rapid selloff.
First target 21,712.