The Official Stock Market Thread

[finfangfan]

Now it’s back to being a deeper red

[finfangfan]

PLTR doing well after hours at least!

[Siberian13]

Japans market making a big bounce back. Robinhood overnight trading suspended. Schwab would let us do crap all day. Lame

[finfangfan]

Nice market bounce back today. My balances are back to June 5, 2024 levels… is only a 2 month setback so far. And it’s not like I was struggling in June either. A healthy correction that hopefully can be kept in check.

[finfangfan]

Another solid green open today.

[patchgenie]

[finfangfan]

Originally Posted by finfangfan

Another solid green open today.

And now a solid red second half of the day!

[NYBBFAN]

Dutch Hoes took a dump. Can't say I'm sad about that.

[xbignick]

Originally Posted by xbignick

Of the four on my watchlist, I didn't pull trigger on DPZ, CAVA or KR. Probably a bad move but bought SBUX in regret.

Finally something. Long overdue. Should have been immediately after the Cramer interview.

[NYBBFAN]

I am buying CMG today. Congrats to SBUX holders. I am holding off buying SBUX until some sort of value is reintroduced to the customer. Olive oil lattes ain't it.

[finfangfan]

Another great day in the market. My trading account is back where it was before the steep drop a couple weeks ago. NVDA up over 15% since I added on the dip.

[NYBBFAN]

WMT ripping. Financial pundits are trying to paint a rosy picture of the economy based on Wal-Mart earnings. Wal-Mart absorbing a larger pool of consumers is not the bullish signal they think it is. Yeah it’s great for Wal-Mart, but it doesn’t paint a good outlook for the consumer.

[finfangfan]

Originally Posted by NYBBFAN

WMT ripping. Financial pundits are trying to paint a rosy picture of the economy based on Wal-Mart earnings. Wal-Mart absorbing a larger pool of consumers is not the bullish signal they think it is. Yeah it’s great for Wal-Mart, but it doesn’t paint a good outlook for the consumer.

I think the post-COVID economy is basically very polarized. If you have a job, own a house and own stocks you are doing great. If not, you are struggling. I had a plumber into the house a week or so ago and he said his calls are down sharply in the last few months. People have to choose between a new water heater or groceries.

[NYBBFAN]

Originally Posted by finfangfan

I think the post-COVID economy is basically very polarized. If you have a job, own a house and own stocks you are doing great. If not, you are struggling. I had a plumber into the house a week or so ago and he said his calls are down sharply in the last few months. People have to choose between a new water heater or groceries.

This is absolutely true. Eventually, those doing well will taper their spending. How long can the top-end consumer prop this up?

[finfangfan]

Solid green open. I’m up 1.3%

[finfangfan]

Ended up over 2% on the day. Did a little trimming.

[finfangfan]

Is it time to look into mpox stocks?

Mpox Vaccine Maker Ready To Produce 10 Million Doses

https://www.barrons.com/articles/sha...ordic-d6cbd8e6

[Brobocop]

Originally Posted by finfangfan

Is it time to look into mpox stocks?

Mpox Vaccine Maker Ready To Produce 10 Million Doses

https://www.barrons.com/articles/sha...ordic-d6cbd8e6

I saw Brian Gray pumping monkeypox vaccine stocks, that’s all I need to see to stay away.

[KhalDrogo]

Originally Posted by finfangfan

I think the post-COVID economy is basically very polarized. If you have a job, own a house and own stocks you are doing great. If not, you are struggling. I had a plumber into the house a week or so ago and he said his calls are down sharply in the last few months. People have to choose between a new water heater or groceries.

Covid policies drove a permanent divide between the haves and the have nots. Good luck getting ahead in the future if you aren’t already ahead.

Originally Posted by NYBBFAN

This is absolutely true. Eventually, those doing well will taper their spending. How long can the top-end consumer prop this up?

If you’re well off and have no change in your employment, the only reason to slow spending is to buy more discounted assets.

[carlo16]

Originally Posted by finfangfan

I think the post-COVID economy is basically very polarized. If you have a job, own a house and own stocks you are doing great. If not, you are struggling. I had a plumber into the house a week or so ago and he said his calls are down sharply in the last few months. People have to choose between a new water heater or groceries.

Maybe he’s a crappy plumber. Every tradesmen I know have more work than they know what to do with.

[finfangfan]

Originally Posted by carlo16

Maybe he’s a crappy plumber. Every tradesmen I know have more work than they know what to do with.

Not really. He said it went from him getting more calls than he could return in a day. Where people were saying they’d pay him whatever he wanted if they could jump to the head of the line to it slowing down. Not all areas of the country are booming.

[Josh611]

Looking at the new 52wk high list and found ASTS. No idea what this is, but the stock was $1.97 in April and is now $31.36

[Braswell10]

Originally Posted by Josh611

Looking at the new 52wk high list and found ASTS. No idea what this is, but the stock was $1.97 in April and is now $31.36

I keep getting wallstreetbet posts popping up on my Reddit feed about people becoming millionaires off this stock.

Never heard of it, but apparently “everyone” was in it.

[finfangfan]

Just checked on ASTS and looks like space stocks are having a moment. RKLB also doing well lately.

I was in Planet Labs (PL) for awhile but lost money on it. It does seem like a cool company though. If you get HBO streaming check out the documentary Wild Wild Space… https://www.imdb.com/title/tt32258850/?ref_=fn_al_tt_1

[KhalDrogo]

God bless this market. Now let’s see if we get a double top or rip higher.