03-10-2022, 06:04 AM
Today's trade will likely be selling LMT and buying LOW in my IRA. LMT was a "just OK" stock in the IRA. Solid defense company, decent growth - really good for DGI but slower growth than my "ideal" IRA company. But I knew I'd be light on industrials. LOW is growing more quickly recently - this may slow down a bit in the immediate future and nicely priced.
My IRA price for LMT was $400 so I just got the one buy of it. Could it go higher considering what's going on? Yes but I expect this would be more marginal and that the big gains are already in. Plus I have 39 companies in the IRA. This isn't a "problem" but my Taxable Account is much larger and has 22.
LOW is not a lock as the buy. There's a CPI report due this morning which could agitate the market and something "growthier" could drop to my price. But as of now it's the top candidate. The one other company at current prices could be AOS. I'd keep my industrial "stake" and it has over 10% revenue growth and the Chinese do like their hot water units. But it's less likely to give the TR gains than, say, MU (if it dips back under $75) would provide.
I own LMT in my Taxable Account and a lot more of it. I won't be doing anything with it there.
I haven't completely figured out what to do with FB. It's another company I have a single buy of, and not because of the price. Looking at the financials, it's cheap. Heck, it's dirt cheap. But under the Investing Dictionary entry for Headwinds there should be a picture of Zuck. Everyone hates it (except maybe a few grandparents who like seeing grandkid pictures) including politicians and there's that nice little DOJ trial in its future. But when sentiment is lowest is when you can sometimes get the best deals. Still, I'll probably just stick with my one buy even though I think there's a very good chance I could make a buy here, consider those trading shares, and sell at $250 at some point in the next few months. I may become more comfortable with the idea now that I've actually typed it out.
My IRA price for LMT was $400 so I just got the one buy of it. Could it go higher considering what's going on? Yes but I expect this would be more marginal and that the big gains are already in. Plus I have 39 companies in the IRA. This isn't a "problem" but my Taxable Account is much larger and has 22.
LOW is not a lock as the buy. There's a CPI report due this morning which could agitate the market and something "growthier" could drop to my price. But as of now it's the top candidate. The one other company at current prices could be AOS. I'd keep my industrial "stake" and it has over 10% revenue growth and the Chinese do like their hot water units. But it's less likely to give the TR gains than, say, MU (if it dips back under $75) would provide.
I own LMT in my Taxable Account and a lot more of it. I won't be doing anything with it there.
I haven't completely figured out what to do with FB. It's another company I have a single buy of, and not because of the price. Looking at the financials, it's cheap. Heck, it's dirt cheap. But under the Investing Dictionary entry for Headwinds there should be a picture of Zuck. Everyone hates it (except maybe a few grandparents who like seeing grandkid pictures) including politicians and there's that nice little DOJ trial in its future. But when sentiment is lowest is when you can sometimes get the best deals. Still, I'll probably just stick with my one buy even though I think there's a very good chance I could make a buy here, consider those trading shares, and sell at $250 at some point in the next few months. I may become more comfortable with the idea now that I've actually typed it out.