What are your winners & losers today?

[fenders53]

(08-17-2021, 08:37 PM)ken-do-nim Wrote:

(08-17-2021, 08:16 PM)fenders53 Wrote:

(08-17-2021, 06:04 PM)ken-do-nim Wrote:

(08-17-2021, 04:58 PM)NilesMike Wrote: HD took a beating

ABBV at all time highs.

Yes poor HD

JNJ at an all-time high too (I've been watching it).  Although it has definitely taken off since I berated it for no movement, I'm not sorry because I took everything I had in JNJ and moved it into CURE, which is 10% JNJ anyway, and CURE has been my star this year.

Don't get shaken out of HD Ken.  They have been a top 5 retailer for a very long time.  Retail is VERY complicated right now.  YOY COMPS are just insane.  It's entirely possible they could put up a flat quarter this year.  I could list ten reasons why a lesser company could have missed earnings today but they mitigated every problem they could.  A weak quarter would be a long-term gift as you could add some shares that aren't over-priced.  I will buy my HD back if we get a dip and I will buy it aggressively if it keeps falling.  The market loves HD so you generally have to wait for a very rough market to get a great deal on shares.

Well, besides being a DGI stock, HD also falls into my "have stock in stores you shop at all the time" strategy, so it's safe   Otherwise, for other DGI companies like say L3 Harris that I have no particular affinity for, they have to beat SCHD to stay in my port.  Of course, the key unspoken phrase there is "over time".

TSM on the other hand is having a bad year and I'm currently negative on it.  However, I'm convinced that once the chip shortage is over, it will resume its steep ascent, so I'm holding, though I did trim it recently.

Yes TSM is getting stale.  I wouldn't care if it was truly undervalued, but it really isn't.  I've been selling covered calls against my shares to get my basis down.  I really did think TSM would camp out around 125 with the market at new ATHs for months.  I would swap my TSM for another chip if there was one of similar quality that was also down about as much.  That chip stock doesn't exist to my knowledge.  I am certain TSM will be much higher in a few years so this isn't an emergency.