Large cap stocks off to the worst start in 2022
Monday $MNDY -22%
Cloudflare $NET -21%
Humana $HUM -21%
HubSpot $HUBS -20%
GitLab $GTLB -20%
Affirm $AFRM -19%
Datadog $DDOG -19%
ZScaler $ZS -19%
MongoDB $MDB -19%
$BILL -19%
Repligen $RGEN -18%
Toast $TOST -18%
$TEAM -18%
FWIW my company ditched Datadog in favor of New Relic. NEWR is only down 4% so far this year. That said, we use MongoDB...
Software is just getting smashed. Market went too long without handing out a lesson in valuation for large caps. I think we would have been better off if the market had dipped 10% last summer and stayed there for a quarter. Instead you were punished for not being reckless. But then again small cap no profits did correct and young investors averaged down on the same garbage until they were broke.
Talk about it in June, we are just a week into this year.
(01-07-2022, 11:56 AM)rnsmth Wrote: [ -> ]Talk about it in June, we are just a week into this year.
You must own a few of these names then ? Hush is the word ?
(01-07-2022, 02:18 PM)stockguru Wrote: [ -> ] (01-07-2022, 11:56 AM)rnsmth Wrote: [ -> ]Talk about it in June, we are just a week into this year.
You must own a few of these names then ? Hush is the word ?
I saw an article today that was running the historical correlation between the first five days of the trading year vs annual performance. Dammit we are doomed already lol. I do find that stuff entertaining. If only it were that simple we could go long or short and win every year.
An article trending on SA shows the top 50 growth stocks. 33 of 50 were down 8% or more for 2022 and not sure if that included yesterday. That's a rough start considering many of them didn't have a happy ending to 2021 either.
(01-06-2022, 09:21 PM)stockguru Wrote: [ -> ]Large cap stocks off to the worst start in 2022
Monday $MNDY -22%
Cloudflare $NET -21%
Humana $HUM -21%
HubSpot $HUBS -20%
GitLab $GTLB -20%
Affirm $AFRM -19%
Datadog $DDOG -19%
ZScaler $ZS -19%
MongoDB $MDB -19%
$BILL -19%
Repligen $RGEN -18%
Toast $TOST -18%
$TEAM -18%
Large cap growth YTD / -5.58%
Large cap Value YTD / +0.76%
My stodgy old large cap investments are doing just fine comparative to other areas of the market.
My thesis this year - QUALITY
Increase share count in my Mid/large cap investments that have clean balance sheets, Quality ratings, positive revenue, positive cash flow, moderate dividend payout ratios. Overweight / Underweight those companies appropriately dependent upon what the phase of the full business cycle the markets are experiencing. -----
But then again, that's been my thesis for decades. Wash, Rinse, Repeat. Works for me, I'm still Standing!! I'll let the young bucks play the speculative game in 2022,
"God is great, beer is good, and people are crazy"- Billy Currington
- Scoot
"There seems to be some perverse human characteristic that likes to make easy things difficult." -- Warren Buffett
“It’s different this time.” Lenders and investors invariably depart from time-honored disciplines when cycles move to extremes, out of a belief that current conditions are different from those that prevailed in the past, when those disciplines were appropriate. And just as invariably, they’re shown that cycles repeat and nothing really changes.- Howard Marks
(01-08-2022, 09:47 AM)Scooterd Wrote: [ -> ] (01-06-2022, 09:21 PM)stockguru Wrote: [ -> ]Large cap stocks off to the worst start in 2022
Monday $MNDY -22%
Cloudflare $NET -21%
Humana $HUM -21%
HubSpot $HUBS -20%
GitLab $GTLB -20%
Affirm $AFRM -19%
Datadog $DDOG -19%
ZScaler $ZS -19%
MongoDB $MDB -19%
$BILL -19%
Repligen $RGEN -18%
Toast $TOST -18%
$TEAM -18%
Large cap growth YTD / -5.58%
Large cap Value YTD / +0.76%
My stodgy old large cap investments are doing just fine comparative to other areas of the market.
My thesis this year - QUALITY
Increase share count in my Mid/large cap investments that have clean balance sheets, Quality ratings, positive revenue, positive cash flow, moderate dividend payout ratios.Overweight / Underweight those companies appropriately dependent upon what the phase of the full business cycle the markets are experiencing. ----- But then again that's been my thesis for decades. Wash, Rinse, Repeat.
Works for me
I'm still Standing!!
I'll let the young bucks play the speculative game in 2022,
Just Thoughts,
- Scoot
“It’s different this time.” Lenders and investors invariably depart from time-honored disciplines when cycles move to extremes, out of a belief that current conditions are different from those that prevailed in the past, when those disciplines were appropriate. And just as invariably, they’re shown that cycles repeat and nothing really changes.- Howard Marks
We mostly invest alike. You'll see me chatting here about the fun stuff but they are small bets and I don't get greedy when it works out.
I always do a flight to safety any year the market makes me nervous. Heck I have too much cash most all the time. It's likely I am early and miss some of the fun, but I live to fight another day.
As I oft mention I watch a lot of youtube financial channels. It's been so painful watching content providers make literally $500K (or even a million) to lead the kids off a cliff with speculative plays. You couldn't lose in 2020 and they gave it all back starting about 9 months ago. Averaging down on trash with their last investment dollars, or worse yet they even borrowed some money. If they were lucky they bought some F, but mostly just a port of junk that won';t sniff a profit for years if ever, and diluting the followers into oblivion. And I act like this scam is new. It isn't.
(01-08-2022, 10:03 AM)fenders53 Wrote: [ -> ]As I oft mention I watch a lot of youtube financial channels. It's been so painful watching content providers make literally $500K (or even a million) to lead the kids off a cliff with speculative plays. You couldn't lose in 2020 and they gave it all back starting about 9 months ago. Averaging down on trash with their last investment dollars, or worse yet they even borrowed some money. If they were lucky they bought some F, but mostly just a port of junk that won';t sniff a profit for years if ever, and diluting the followers into oblivion. And I act like this scam is new. It isn't.
I Look at these YOLO, FOMO, (Had to ask my youngest nephew what the acronyms meant) Diamond Hands comments I occasionally come across , and mostly just shake my head. Thank the Lord with the help of our collective family we have both my nephews started on the right path with savings, investing, use of a credit card, balancing of a check book etc...
As a family we started early teaching them. Even their Mimi (Grandmother) got involved and helped guide them to set a solid footing. I feel sometimes for some of these young kids that just don't have that level of support. Sometimes it does indeed take a village!!.
- Scoot
(01-08-2022, 11:13 AM)Scooterd Wrote: [ -> ] (01-08-2022, 10:03 AM)fenders53 Wrote: [ -> ]As I oft mention I watch a lot of youtube financial channels. It's been so painful watching content providers make literally $500K (or even a million) to lead the kids off a cliff with speculative plays. You couldn't lose in 2020 and they gave it all back starting about 9 months ago. Averaging down on trash with their last investment dollars, or worse yet they even borrowed some money. If they were lucky they bought some F, but mostly just a port of junk that won';t sniff a profit for years if ever, and diluting the followers into oblivion. And I act like this scam is new. It isn't.
I Look at these YOLO, FOMO, (Had to ask my youngest nephew what the acronyms meant) Diamond Hands comments I occasionally come across , and mostly just shake my head. Thank the Lord with the help of our collective family we have both my nephews started on the right path with savings, investing, use of a credit card, balancing of a check book etc...
As a family we started early teaching them. Even their Mimi (Grandmother) got involved and helped guide them to set a solid footing. I feel sometimes for some of these young kids that just don't have that level of support. Sometimes it does indeed take a village!!.
It probably bothers me more than it should. One Youtube content provider in particular is doing so much harm to thousands of followers. He is recording in the garage of his brand new home in Vegas. He has three Teslas behind him and two of them are high end models. His only job is Youtube. He got TSLA right and his last 12-15 picks since then are trash. He hypes them with 2-4 videos a day. Somehow he still has some sheep and keeps buying shares with their money. People pay him $2K for online courses and his analysis is ridiculously shallow. It's a train wreck I can't stop watching. Most of these young people will give up on investing and deem the market as rigged for a decade or more. It's dirty all right but they are acting gullible at an extreme level. He actually is transparent and they remain inspired he keeps buying shares of garbage. They don't seem to realize they are paying for the shares. Most of the content providers faded a way last year but many remain hyping crap that will mostly be BK in 24 months or less.
(01-08-2022, 11:32 AM)fenders53 Wrote: [ -> ]It probably bothers me more than it should. One Youtube content provider in particular is doing so much harm to thousands of followers. He is recording in the garage of his brand new home in Vegas. He has three Teslas behind him and two of them are high end models. His only job is Youtube. He got TSLA right and his last 12-15 picks since then are trash. He hypes them with 2-4 videos a day. Somehow he still has some sheep and keeps buying shares with their money. People pay him $2K for online courses and his analysis is ridiculously shallow. It's a train wreck I can't stop watching. Most of these young people will give up on investing and deem the market as rigged for a decade or more. It's dirty all right but they are acting gullible at an extreme level. He actually is transparent and they remain inspired he keeps buying shares of garbage. They don't seem to realize they are paying for the shares. Most of the content providers faded a way last year but many remain hyping crap that will mostly be BK in 24 months or less.
Carpetbagger: Well, sir, this is the very best thing...
Lone Watie: What's in it?
Carpetbagger: I don't know. Various things. I'm only the salesman.
Lone Watie: You drink it.
Carpetbagger: What's that?
Lone Watie:You drink it.
Carpetbagger: Well, what can you expect from a nonbeliever?
- Outlaw Josey Wales
- Scoot
"the investment banking profession will sell sh@t as long as sh@t can be sold.” - Charlie Munger