What Did You Buy Today?

[fenders53]

(04-08-2020, 09:59 AM)divmenow Wrote:

(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.

I agree with all that.  I watched MCD rocket past my 160 sell price in amazement.  They stood out as truly getting way ahead of the fundamentals.  Most of my holdings are probably safe from earnings catastrophe because I am very defensive overall, but yeah it's going to be ugly.  I'm looking/hoping for one more solid dip to get adjusted for the next year or so.  If earnings don't do it we'll have to go from there.  The FED isn't buying stocks as it isn't legal yet, but they are surely accommodating the process.

I'll sold most of my MMM and CAT position. Not just a trim this time. I need to see earnings before I get back in deep. I'll buy gloom if it's priced appropriately.