Ideas For Now-

Discussion in 'Stocks' started by stonedinvestor, Apr 27, 2020.

  1. << Three Reasons To Buy ALLY >>


    1,-Ally Financial price target raised to $31 from $27 at Piper Sandler 09/23 ALLY Piper Sandler analyst Kevin Barker raised the firm's price target on Ally Financial to $31 from $27 and reiterates an Overweight rating on the shares. The company recently gave updated numbers on the performance of the large amount of loans it has in deferral, which came in better than expected, Barker tells investors in a research note.

    2,-Ally increases Carvana's loan purchase commitment by $1B 17:02 CVNA, ALLY Carvana (CVNA0 announced a $1.0B increase to its current loan sale program with Ally Financial (ALLY). This increase represents a total of $3.0B in commitment to fund Carvana customer loans since March 2020. In addition to the increased loan purchase commitment, Ally Financial has also increased its commitment to provide funding through Carvana's inventory floor plan from $950M to $1.25B and has extended the facility from October 2020 through March 2023.


    3,-Current Quarter Estimates for ALLY
    In the past 30 days, two estimates have gone higher for Ally Financial while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 34 cents a share 30 days ago, to 51 cents today, a move of 50.0%.
     
    #1601     Oct 5, 2020
  2. Mushroom Guys On the Move!

    COMPASS Pathways plc (CMPS)

    NasdaqGS - NasdaqGS Real Time Price. Currency in USD

    41.20+4.38 (+11.90%)
    As of 10:34AM EDT. Market open.
     
    #1602     Oct 5, 2020
  3. Our Most Underappreciated stock gets some notice- This stock should be $27+
    GAN Limited (GAN)
    NasdaqGS - NasdaqGS Real Time Price. Currency in USD

    19.31+3.09 (+19.02%)
    As of 10:35AM EDT. Market open.
     
    #1603     Oct 5, 2020
  4. ADDING ALLY FINANCIAL & STEWART TITLE INS TO THE IDEAS FOR NOW PORTFOLIO!

    (Removing William Hill and Mr COOP)
     
    #1604     Oct 5, 2020
  5. vanzandt

    vanzandt

    Geez stoney.... you're either the luckiest person on the planet... or i dunno what.
    Amazing. You called this last week.
     
    #1605     Oct 5, 2020
  6. vanzandt

    vanzandt

    Hahahahah.

    You wrote that yesterday morning. Today we had 4.8MM shares, a 7% jump, a $30 price range, and probably the most talked about stock of the day.

    Did you happen to see today's high?

    -------- $619.97 ------

    You're somethin' else Stoney.
    :cool: :fistbump:
     
    #1606     Oct 5, 2020
    easymon1 likes this.
  7. vanzandt

    vanzandt

    I thought about this for the last two days, your words don't fall on deaf ears. My initial reaction was to write back with "there's no value left out there, we have to pay up and hope we don't get caught holding the bag".

    Then bam, it came to me stoney.

    An overlooked dog of a sector that hasn't budged. And imo, it'll be a goldmine if we have a second wave of flu+covid in the coming 6 months.

    Its election proof too.


    Consumer packaged foods.

    Its a no brainer stoney. Look at the big players. Low debt, low PE, decent dividends, all the manufacturing, distribution, retail/online relationships, priceless footprints of high value sales floor real estate in the likes of WMT, KR, etc... these things are here to stay.

    They need some multiple expansion... catch up with all the other bs people are paying out the ass for because they're clueless.

    "But its boring."

    Wrong.

    If Covid rears its ugly head again, these stocks will soar. They have the deep pockets required to meet any and all government requirements for safety etc and the capacity to feed millions.... and also fufill any government contracts that could happen. (I mean if the worse case scenario happens god forbid)

    A few names come to mind, Kraft Heinz (KHC), Campbell's Soup (CPB).... but if I have to pick a favorite... without having done too much homework yet... I'm gonna say good ol' J.M Smuckers.

    ($SJM) Its at $117.

    I have actually been in and out of this thing several times over the years. Long and short. They have a big pet food division too as I recall. I like that. I haven't looked at it in awhile though. At first glance it looks good. Needs more dd though.

    Hey you wanted value. Its not sexy.... but do we really wanna pay 50X sales(!) for tech companies that won't turn a profit for 20 years?

    $SJM

    I'll find another good one.
    Look in frozen foods stoney. There's one there, I forget the name though. Whoever owns Birdseye I think. Easy enough to find. Disclaimer, I have done no DD yet on any of the above. I do like Smuckers though. Its overdue to break north, its been in this range forever.
     
    Last edited: Oct 5, 2020
    #1607     Oct 5, 2020
  8. vanzandt

    vanzandt

     
    #1608     Oct 5, 2020
  9. vanzandt

    vanzandt

    Americans learned a lot from the toilet paper scare... this time they'll buy food that'll keep too.
     
    #1609     Oct 5, 2020
  10. vanzandt

    vanzandt

    "Milkbones" and "Jif"

    .... two paws up from Muttley.
     
    #1610     Oct 5, 2020