DAL nipped at $39 out of the gate. It was up 5%. There'll be some quick profit takers to knock it back a little, but if it stays up and takes out $39 convincingly, it's off to the races. The 52 week high is $49.80. It might take a bit, but I think it'll get there by July. Maybe sooner.
I think I am enjoying and understanding Max’s humor. He does post wisdom, we just have to dig for it.
I think I'm going to dub today "The Netflix Top". And I don't mean NFLX, they look good. I mean the rest of the market. Near term at least.
I wonder if NFLX might possibly strike some kind of deal with TTWO before they release GTA-VI. I've watched TTWO for nearly two years now. It trades in its own world, it seems to ignore the tide to a great extent. I told someone here that bought in at $147 not to sell, but they took $165. TTWO might be worth considering. I'm not saying NFLX is gonna make a deal, but that cc of theirs made it clear that they think on-line gaming is big, it's only getting bigger, and it's part of their plan going forward. GTA is one of the best-selling gaming franchises of all time. And the world is chomping at the bit for GTA-VI. TTWO has a market cap of about $28B. Not cheap. NFLX is like $220B. Not sure if acquiring them outright would make sense, but I have a feeling TTWO at $165 is a good deal. And it will pull back to the $157 range if one's patient. Just a thought. As always, do your own DD. Edit: As a funny aside.... NFLX's market cap increased today by nearly the exact amount it would take to buy TTWO.
URI is at $589 They beat top and bottom, but I don't like the decrease in margins.I bet it drops big tomorrow.
So China cut rates by .5%? Hmmm. They may be near a bottom. I think YUMC might finally be in the "dip your toes in" range now. It's $35.68
The way these insurers like UNH and CNC have been acting, if any of you have AJG, they report tonight... it might be prudent to take $236. It was a good run.