Let us hope we get that correction everyone is talking about. That way we can just get it over with already. We can then get some great deals on good companies and move on instead of hanging around like a stick in the mud. This is officially the most boring market in history lol.
I will let my performance stand for itself. Just look at the long term charts of any of my companies. CELG, KR, WWAV, HAIN, SWKS, and NXPI.
Yes, everyone has gotten so negative. What happens if it surprises to the upside? What if SWKS goes up even if it is a bad number. That would certain indicate the stock has gotten too negative.
They projected 8 to 10% growth in that segment for full year. That is exactly where they guided. I am sorry if your expectations where higher then what the company promised.They also said the slowness in Autos was short term and was going to last only a short period of time.
You would have done much better if you had sold when the BRCM merger was announced. I recall taking most my profits across this sector at $110 for SWKS and NXPI. Something I didn't regret. The euphoria was overwhelming at that time. Now I think the opposite sentiment has been reached. I never catch the exact top or bottom, but it is usually fairly close. I still have bids in for SWKS and NXPI at $85.39 just in case though. I am sure by the end of the year we will be all talking about how this was a huge buying opportunity. I don't watch nor worry about the entire market. Never had. All I focus on is the story for my individual companies. I am very Miro oriented. I just view that Macro as short term buying or selling opportunity.
I feel that way with the whole market. Everyone you hear is negative about August and September. Notoriously the worst months of the year. September rate hike. The negative sentiment in this market is absolutely overwhelming. I don't think you could find a single bull right now. That alone makes we want to stay bullish. Cautiously so, but I love going against the crowd.
I looked over the chart in an attempt to predict when this downtrend in SWKS might end. I found some interesting relationships.
1. Comparing with peers. NXPI bottomed 2 weeks ago on the technicals. It took 7 weeks for it to bottom and has been recovering for 2 weeks. It appears it could recover for another 5 weeks before it turns bullish on the MACD. In comparison SWKS finished down this week its 7th week of decline. AVGO finished its 6th week of decline. If that correlation holds true next week should start the first up week for SWKS.
2. On SWKS historical charts the last down turn for SWKS lasted 42 days. This current down trend ended Friday at 40 days.
3. On a historical comparison the last big correction in SWKS back in October took SWKS down 20%. SWKS hit a low around $92 roughly 20% down from its high.
I will be the one to take the risk and predict that SWKS will bottom this coming week and post its first up week ending next Friday. This would also go with the addition of SWKS into the NASDAQ 100 which should bring in funds to buy for their indexes.
I think people are underestimating DEPO. I think that is the whole reason TW is after it. Even if no deal happens, I can see DEPO being where HZNP is today in a few years in Sales and Market Cap.
I bought at the point of the break out Cynthia. When a stock returns to and breaks out above and old high, that is a sign it is ready to establish a new high. The technicals also support the potential for a new high. Usually you get what is called a cup and handle formation. The cup forms when the stock returns to the previous high. The handle when some profit takers come in and cause a second much smaller dip. Once the profit takers are cleared the pattern complete and the stock breaks upward to a new high
I don't think its too late to buy. I bought yesterday. Clearly I should have never sold after I bought it at $68 pre split. I turned a great long term story into a short term gain. My bad on that one. I corrected that though and bought it back. I just bought 1/2 position so I can buy more should it pull back. I think it goes to $45 now as funds pour money into safety. The best performing sectors of July were Consumer Staples, Utilities and Healthcare. All were safety stocks.
I disagree Cheetah. KR fundamentals are very strong. Valuation isn't like Tech, but Consumer staples don't get the same discount as cyclical stocks. Right now big money is flowing into the safety stocks. The technicals are also onboard with the 1 year and 5 year chart both very close to bullish MACD crossovers. Being long safety stocks at a time where money managers are scared is like being short the market. You can make money on a sell off.
Wait on CELG for it to have a good pull back to the low 120's before you start putting on a long term position. Right it is over loved. It might take some time but it will fill that gap back to around $122 ish.
Yes. KR is not in the NE because they wont compete with the parent company of Giant. They do own Turkey Hill Mini Markets though.
I always try to keep one safety stock in my portfolio for times like these. Biotech if you stay with the big profitable ones are "safety stocks" people don't stop taking meds because the economy sucks. Big cap biotech is safety/growth I have CELG for that slot. My next slot is outright safety with KR. and then I have my tech stocks which are on the bad end of the spectrum right now. Utilities and Consumer Staples are hot right now as fund head out of growth and into safety.
I bought some yesterday. I would still recommend it today. KR is a 100% US only supermarket chain with top notch management. I wanted to bring it up because KR is a good bomb shelter for markets like this. No exposure to Europe or China. No exposure to interest rates or strong dollar. It is a good feel safe and sleep well at night company that wont blow up next time something bad happens in China. Right now the technicals are setting up nicely for KR to break out to new highs. Everyone, including me, is running for the bomb shelter. Great company for long term to have in a diversified portfolio that works for the current environment and the long term. Do your on DD if your interested.
I agree with $45. I think $50 might be pushing it unless their next ER is a blow out. KR is like a nice little snuggle blanket in a very turbulent market. No exposure to all the China, Europe, Interest Rates or Strong Dollar worries. You can own KR and sleep well at night knowing bad numbers from China wont torpedo your stock come Monday lol.