What Did You Buy Today?

[divmenow]

(04-08-2020, 09:26 AM)fenders53 Wrote:

(04-08-2020, 08:58 AM)divmenow Wrote: So AAPL, DRI and TWTR all upgraded to buy this morning. Very interesting. I can’t remember the last time I saw an upgrade lol. Maybe we have bottomed. Hmmm

There were a few upgrades about the time we bottomed  the SPY and some companies were getting way out of hand on the downside.  Most of the analysts seem to have froze due to lack of updated data.  Some companies will be in their pre-earning report lock up periods soon, if they aren't already.  We really do need earning #s soon, for better or worse.

The earrings are going to suck.. Just looks at all these companies announcing Withdrawing 2020 Outlook and Long-Term Outlook. MCD was the latest today. Pretty grim if you asked me. But don't worry these stocks will all trade higher again based on no earnings or fundematials . 


The Fed keeps buying up stocks to stay afloat. But that can only last for so long. At some point this will end. Pretty scary if you ask me going forward.