All things STOCKS

#18,726
#18,726
DinkinFlicka said:
OPEN surged over 20% today. If the jobs report is abysmal tomorrow, we could be seeing a bigger rate cut, then you factor the govt response to the housing "state of emergency" along with their hunt for a new CEO, this thing could have some wheels for the month.

I've never been a memestock guy, but after scalping some massive gains from OPEN since it cracked over a dollar in July, I'm tempted to hold most of my shares.

If they ever have a good earnings report it could indeed be the next Carvana.
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OPEN still on small side for my current tastes. But, if you can hit on one of those, it is a deep home run.


Why are things still green after that jobs report? Pre-market brave face fake?
 
#18,728
#18,728
Jax_Vol said:
OPEN still on small side for my current tastes. But, if you can hit on one of those, it is a deep home run.


Why are things still green after that jobs report? Pre-market brave face fake?
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Correction...misread the numbers. OPEN is $4b so I would play that. Already up 10% again. Nice call!!!
 
#18,730
#18,730
Jax_Vol said:
I guess? WiIl the rate cut (hopeful?) announcement be made mid-month?
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Next meeting is on 9/17. Markets have been pricing in a ~95% chance of a cut ever since Jerome's Jackson Hole speech and the jobs number today pretty much confirms that it'll happen.

It is interesting how the market is choosing to interpret this. The August number, and the numbers for the last few months, have not been great. Job growth is definitely decelerating. But instead of the market selling off on fears of a slowing economy there's an assumption that a rate cut (or two, or three, depending on who you talk to) will keep the gravy train rolling. I'm always skeptical of "rate cuts will keep the markets happy" narratives, but there are instances where it has happened and there was no recession or bear market (throughout the mid 80s, 1995, 1998). You could make an argument that happened in 2019, but COVID came along and collapsed everything anyway so we'll never really know.

Of course another interpretation is that the market's gains for the last few years have been fueled by excitement around AI and all the cap ex that is going into it, and there's also an assumption that will continue even if job growth isn't good.
 
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#18,732
#18,732
If it's anything I've learned from this stock from the past few months, it was not to **** myself when it cratered from 6.70 to 5.90 in 20 minutes.

Back up to 6.50 and it's not even lunch time, baby.
 
#18,734
#18,734
DinkinFlicka said:
Almost a given at least 25 cut happens in two weeks. If things don't improve, we'll have another in Oct.

If another one happens in Nov, you can book OPEN to be 10 by EoY.

The rest of my portfolio will hate it.
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The Fed isn’t meeting in November this year. Typically they have 8 meetings per year.

September 16 and 17
October 28 and 29
December 9 and 10

OPEN needs to turn profitable. It wouldn’t hurt to buy back shares if they throw off a positive cash flow. Almost 750 million shares is a lot for a $4.4 billion market cap.
 
#18,735
#18,735
Whoa...checked and it looks like Broadcom (AVGO) is having a dandy day...up about 9.5% on the day, at the moment. I think they beat the earnings prediction by 3 or 4 cents per share, so I'm not sure where such exuberance is coming from (but I'm not complaining at all).
 
#18,736
#18,736
tbh said:
Whoa...checked and it looks like Broadcom (AVGO) is having a dandy day...up about 9.5% on the day, at the moment. I think they beat the earnings prediction by 3 or 4 cents per share, so I'm not sure where such exuberance is coming from (but I'm not complaining at all).
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They announced they signed some kind of custom deal to do work for OpenAI.
 
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