The next area of buying imho. Grain prices likely to soar on bad weather. Fertilizer stocks always go up when that happens.
Trouble with droughts & floods could send grain prices soaring from current low levels. Almost 100% correlation of higher crop prices & higher fertilizer stock prices, as investors & speculators always look ahead. Offer for Monsanto also has investors looking at AG companies. Folfs, below $25 MOS is a steal in my humble opinion.
Sentiment: Strong Buy
I think the loss of jobs in brick & mortar is greater than the gain in Amazon. The fact that the tax regime is different for online and physical stores drives the move to online, which is destructive to employment. No matter who is elected, this unfairness must end.
You don't suppose he will say boycott Amazon, do you? When nabisco moved Oreo factory to Mexico, he said boycott.
Yes, I've been saying that for months now (see DBA & JJG boards). And right behind we have a la nina, which brings its own set of problems.
Both AMZN & FB have been heavily bought by funds & ETFs. If a market selloff develops, they will both be sold massively to raise cash to meet redemptions. Herd stampedes in, can just as easily stampede out. It has happened before.
In any market selloff, FB & AMZN will be sold very heavily by funds & ETFs to raise cash to meet redemptions. Heavily overowned in funds. Herd mentality. Herd stampedes in, and then stampedes out. Voila..down 40%.
Also Amazon. Dan nathan extremely bearish! Overloved, overvalued.
Dan Nathan extremely bearish. Also FB bearish.
The pumpers don't realize what they have here. RCA reincarnated...but 10 times more overvalued.
I don't know what will pop the bubble, but something will pop the bubble. Unionization, antitrust (discussed on CNBC yesterday), economic recession or just funds taking profits to raise cash.
In 1929, Radio was the darling of the market, harbinger of the "New Era". In the weeks after the top around Labor Day it fell 90%. The scary thing is that the great growth stock of the 1920s, RCA, had a P/e ratio of around 50, ONE TENTH THAT OF AMAZON TODAY!!! Amazing but true....and scary!
Hey Buyloww, I see Krispy Kreme was taken over for a nice premium. Weren't you and skiidady in some kind of feud over KKD years ago? My memory is fuzzy on that.