I realize everyone's a genius in a bull market, but I just thought I'd point this one out since it's about as far from AI as a stock can get and it's been bouncing off an all-time high. Folks can say what they want, but buying a stock is buying a part of a business. When a business is too cheap, you buy it. And wait. Homework (and not hype).... always pays off in time. Sometimes sooner than later. There's a reason the chart looks like it does. Fundamentals. LMB--->$58
Just dvr'd thru last night's Cramer show. The light finally came on. He said, and I quote: "The dollar stores are NOT cheap and those customers are using Walmart. Hey Jim!!! You're Welcome! But I told you this 9 months ago.
I really should post these things in this thread so they don't get buried in 5 minutes on the kindergarten playground. Looking good. In the premarket at least. It's an off the radar tech name I've followed on and off over the years. Somewhat familiar with their story. It's been beat down enough. The report was solid, nothing great, but it wasn't ugly. At least they make money, PE's cheap, working on their debt.
These guys reported last night too. Nice report. They beat revenues nicely on increased M&A like I figured they would (in the quote above from January) It's a slow mover, but if for some reason it pulls back today, or down the road on a sector selloff, it's a solid stock. They upped the quarterly dividend by 16% too. JEF--> $45.40
I hope this thread is helping some of you folks make a little money. This one was a no-brainer really, all things considered. PANW---> $343
Prognosticating politics successfully is a lot like predicting markets. So much of it comes down to identifying key people and then reading the ones that can be read (not all can) in anticipation of future events well before the herd catches on. We are 7 weeks out from the Democratic National Convention and now in light of last week's debate, the talk of journalists, strategists, and academics alike... has all shifted to Jill... and what's really going on there.
SCOTUS overruling the Chevron Act should be good certain Fortune 500 companies. Neuter some of these agencies that have yielded too much power for too long. The energy sector Titans obviously, but there's companies in other sectors too. Abbott Labs opened at $103.78. That's a good price. It's $104.25 now, odds are it will drop back a little, but earnings are on 7/18. It should head above $110 pretty soon and unless they really disappoint on earnings, I don't see much downside risk. I bet the folks in their legal department popped a few corks this weekend as they mused over their offensive game-plan going forward. 18 month target---> $127 at a minimum. (+2.12% dividend)* *Ex-dividend 7/15 (Their 402nd consecutive quarterly dividend since 1924)
When's the best time to buy well run quality companies? When they're hated the most. ABBOTT will be north of $135 by 2026.
And it is hated apparently. Wait for $96 I guess (M.P. says $97.58). $103 now. EDIT: What's the sum of the parts on this dog? Maybe spin some stuff off? $103 now.