Good news everyone!
I wanted to preface this by saying this lovely stock RAD or Rite-aid has been doing some gangbusters and has garnered some community attention over the past couple weeks! I want to write as a DISCLAIMER that this is not Financial Advice and is a DD on Rite-Aid or $RAD. There is a lot of information in this DD that will be summarized to best break down what this stock is about, and what the community sentiment is, and why they feel the
- The Omaha-based conglomerate’s operating earnings totaled $10.043 billion last quarter, 6.6% higher than the figure from the same quarter a year ago.
- Net income totaled $35.91 billion, compared with a $43.62 billion loss during the second quarter last year.
- Berkshire’s massive cash pile grew to $147.377 billion at the end of June, near a record and much higher than the $130.616 billion in the first quarter.
- The company bought back ~$
I've found that rationally investing for the long term is becoming more challenging over time. Online brokerages and apps with no fees have drawn massive liquidity to the markets. It's harder for me to analyze good companies, it's harder to get relevant information, and it's harder to wade through the hyperbole trendy news to understand legitimate industry trends, and the softwares that are out there (like Bloomberg terminal) help but is absolute
Household wealth grew substantially in 2020 and 2021 as a result of reduced spending during the three-year COVID-19 pandemic (i.e., between the first quarter of 2020 and the first quarter of 2023), substantial income support from government transfers, and increases in asset values. But the extraordinary wealth that households accumulated in 2020 and 2021 had dissipated by the first quarter of 2023, largely as a result of stock market losses and low saving rates
In recent months, as hype over AI has increased and most of Apple’s competitors have rolled out new features making use of the technology, Apple has stayed largely silent on its plans. During its recent Worldwide Developers Conference keynote event, AAPL did not mention AI at all.
Tim Cook "We view AI and ML as fundamental core technologies. And they are virtually embedded in every product that we build,” he said. “On a research basis, we’ve been doi
This is the weekend edition of our stickied discussion thread. Discuss your trades / moves from last week and what you're planning on doing for the week ahead.
Some helpful links:
- Finviz for charts, fundamentals, and aggregated news on individual stocks
- Bloomberg market news
- StreetInsider news:
The Q2 earnings season for banks is not looking good, with analysts cutting their earnings estimates for most banks.
Deposit costs are continuing to rise, which is part of the reason for the lower expectations for bank earnings (this is because banks have to pay more interest to depositors, which eats into their profits).
Rising credit risks for personal loans and credit card balances are also a concern (this could lead to more defaults on loans, w
If you could only own stock in 10 companies for the remainder of your investment career, which 10 companies would they be? Stocks for individual companies only, no ETFs.
I imagine you would want to find companies with a large moat. I would also imagine picking companies from different industries in an attempt to diversify. And most importantly, you’d obviously want to pick companies you are confident will still be making money 20+ years from now.
C
When I opened my portfolio this morning, I was shocked to see Corning/GLW (“Glassworks”) down so much. Apparently, it’s because UBS downgraded it from buy to neutral. I thought I’d post it here in case anyone else is wondering what happened. Their earnings are 7/25.
I have a small portfolio my late father gave me a long time ago, which I didn’t touch until recently, just to add stuff. He was heavily into Corning for the dividend I suspect, and because th
If you had to vote which scenario is more likely. Would you vote it is more likely this is a great opportunity to sell some of this huge rally before an incoming dip of >10% or the market will continue to new highs so you should keep bullish positioning fully on? Not a post to debate DCA strategy.