Stay the course for stocks already in portfolio. Write covered calls for larger holdings. I expect a bounce back in a couple years so there's no point selling them at this point never knowing where the bottom is. At the same time, any dry powder I have will be used to hunt for bargains in quality names like Costco, Home Depot, Microsoft, Google, and Disney
Expecting markets to move lower in the coming weeks. For those who believe certain stocks are worth picking up slightly below current levels, it might be best to sell puts with short duration of a week to a month max and try to pick up the stock at a good entry price. Even if the stock price doesn't hit the strike price, you still get paid. In the event of adverse future events, the options are also easier to get into and out of than the stock itself. To avoid unnecessary risk, writing putson defensive stocks such as utilities, healthcare and consumer staples are a good bet. On the flip side, those not looking to pick up any stocks but wish to play the downside or hedge risks to current holdings can buy puts to capture profits as stocks (gro
Markets are turning south and as soon as rate hikes continue at a fast pace of at least 50 basis points for 2 cycles, stocks like $Apple(AAPL)$ will drop. They already have supply issues at their China factory. People are not recognizing that rates are not only going up but going a lot higher and staying there longer than most expect
$Amazon.com(AMZN)$ I believe the market overbought this name and it will decline in the next week once people start to realize the Fed isn't likely to budge much on a small CPI improvement. Powell already said we are a long ways away from pausing rate hikes and even a 50 basis point hike which is predicted is still a large increase
$SoFi Technologies Inc.(SOFI)$ unfortunately the headwinds by both the student loan pause and uncertainty surrounding loan forgiveness unresolved are hurting this stock. Coupled with their involvement with crypto, all three headwinds are pushing this stock to new lows
The problem with the approach $Palantir Technologies Inc.(PLTR)$takes to building something ahead of its time is that things/needs/technology change. If building so far ahead, you might realize the product is unwanted at the point of launch! Better to build what people want and understand than something too futuristic that you don't even know for sure will be accepted. Remember also that any company can rise to disrupt their business as well.
Palantir: 3 Important Takeaways From Alex Karp's Talk At Aspen
$Walt Disney(DIS)$ Bounce in stock price after Iger's return unjustified given that it takes time to right the helm. Would need to wait for results to trickle through
The biggest drawback with $Upstart Holdings, Inc.(UPST)$is that they have a limited pool of customers. To dispel doubts, they’ll need to make more bank business deals
1 Growth Stock Down 76% That Could Soar, According to Wall Street
Time to buy before the next leg up?According to CNBC, China Securities Regulatory Commission released proposed rules for domestic companies wanting to list overseas.As expected, the national security angle is infocus as they deem domestic companies must comply with relevant provisions in the areas of foreign investment or the potential listing could be stopped or reversed in the caseof $DiDi Global Inc.(DIDI)$.Another important part of the news put out is that there isn’t going to be a ban on VIE structures used to list overseas. A VIE structure is used previously to skirt the gray areas of domestic law to enable foreign investors to own a piece of the cash flow from the business. Importantly, this structure does not giv