tOfficial: What stocks should we be looking to buy right now? thread

[tGreenWay]

Time to buy low. Gimme some names.

[I.B. Fine]

Lehman Brothers

[Heat Miser]

Everything is low right now. Still more downside coming though. Keep your powder dry for now.

[tGreenWay]

Lehman Brothers

Tried all morning to buy Enron.

[tGreenWay]

Everything is low right now. Still more downside coming though. Keep your powder dry for now.

Definitely. I just want to do my research before it’s time to pull the trigger.

[steveschneider]

I bought SDS and have recovered a lot of losses. It's an inverse etf on the S&P. INO was a good small bet and I've written covered calls on it. I agree with Heat wait it out. The worst is still to come.

[tGreenWay]

If Wisconsin gets hit hard, I might be able to own some Packer stock.

[Nordic]

Everything is low right now. Still more downside coming though. Keep your powder dry for now.

That is my approach. Other than that, I leave the picking to the experts.

[I.B. Fine]

Anyone see an opportunity in travel related stocks? Cruise lines down 1/3 today alone, airlines hammered. 6 months out are things back to normal?
Of course, I wouldn't touch anything prior to Monday, at least.

Amazon at 52 week lows, too.

[Watch Out Pylon!]

-2352 today. We're gonna go below 20,000. Can't wait!

[Heat Miser]

BTW, I've been an on & off stockholder of Neogen (NEOG) for almost 20 years. They make tests for food and animal safety (think of a test that detects 1 part per million of salmonella in a warehouse of grain in a few hours). Bonus: they are based in Lansing, MI.

[CORNER BLITZ]

Anyone see an opportunity in travel related stocks? Cruise lines down 1/3 today alone, airlines hammered. 6 months out are things back to normal?
Of course, I wouldn't touch anything prior to Monday, at least.

Amazon at 52 week lows, too.

I had a few hundred in dividends and although I do think it's going to crash further, picked up another AAPL then used the rest on PSQ

Will hold off on rest of IRA deposit for a bit

[Heat Miser]

Anyone see an opportunity in travel related stocks? Cruise lines down 1/3 today alone, airlines hammered. 6 months out are things back to normal?
Of course, I wouldn't touch anything prior to Monday, at least.

Amazon at 52 week lows, too.

Princess just suspended all cruises for 2 months.They are a Carnival subsidiary. Boeing is freezing hiring & OT amid cash flow concerns.

Companies with weak balance sheets may not survive this. Also, I think the timeline is more than 6 months. Recessions don't just end when what caused them ends. There's a lag.

Warren Buffet will make a killing when the time is right with his $100+ billion in cash just waiting for a bargain.

[Heat Miser]

Nearly 3 years of gains wiped out in 3 weeks.

[Heat Miser]

Live Nation pauses ALL tours.

The ripple effect on all this is very scary from an economic perspective. The people employed by all these industries are now out of work. Unemployment & unemployment claims spike. Disposable income plummets. People stop spending on everything but the necessities. Debt increases. Small businesses don't have the resources to survive such a sudden decline in revenue.

Recession snowballs, even after things return to normal.

[Heat Miser]

I'm very worried about the strippers. Who's going to go to the nudie bars & make it rain during all this?

[CORNER BLITZ]

Live Nation pauses ALL tours.

The ripple effect on all this is very scary from an economic perspective. The people employed by all these industries are now out of work. Unemployment & unemployment claims spike. Disposable income plummets. People stop spending on everything but the necessities. Debt increases. Small businesses don't have the resources to survive such a sudden decline in revenue.

Recession snowballs, even after things return to normal.

Yeah, not good

[kingstonlake]

I’d guess video game purchases will skyrocket in the next month.

[I.B. Fine]

I'm very worried about the strippers. Who's going to go to the nudie bars & make it rain during all this?

Meh, like anyone's ever surprised about catching anything in a strip club...

[tGreenWay]

Any of the talking heads discussing that thing which is even worse than a recession?

[tGreenWay]

BTW, I've been an on & off stockholder of Neogen (NEOG) for almost 20 years. They make tests for food and animal safety (think of a test that detects 1 part per million of salmonella in a warehouse of grain in a few hours). Bonus: they are based in Lansing, MI.

I wanted to buy Neogen when it was a penny stock but I was back in school and just a poor student. Then wanted to buy it again when it was about $2.20, but I was in a job getting excellent experience but not a lot of money, and Mrs. GW was in grad school. It got to almost $80 over the past year, but now below $60. I think it’s a good buy. Actually, kind of surprised it hasn’t been purchased by something bigger.

[InTenSity]

I just changed my 401 to conservative from aggressive/moderate. I'll go back in a couple of months.
With the tax cuts I don't see how the US pays for all of this, and there has to be a tax increase coming within the next year. Trump can't go to court and ask for bankruptcy laws to protect him here. We're all fucked.

[Nordic]

I just changed my 401 to conservative from aggressive/moderate. I'll go back in a couple of months.
With the tax cuts I don't see how the US pays for all of this, and there has to be a tax increase coming within the next year. Trump can't go to court and ask for bankruptcy laws to protect him here. We're all fucked.

Cam, hook.this man up with some of that Pinnaple Express

[InTenSity]

I just changed my 401 to conservative from aggressive/moderate. I'll go back in a couple of months.
With the tax cuts I don't see how the US pays for all of this, and there has to be a tax increase coming within the next year. Trump can't go to court and ask for bankruptcy laws to protect him here. We're all fucked.

Cam, hook.this man up with some of that Pinnaple Express

I wish. A month ago I was told to vote with my wallet. Well, I always new I'd have to work into my 80s, if I make it there. Fuck this inept racist administration. Thoughts and prayers will solve everything, cuz science is bullshit.

[Nordic]

Costco?

[tGreenWay]

I have not read this yet, so I can’t say if it’s good advice or not. It’s just something that was in my google news feed. TIFWIW.

https://www.fool.com/investing/2020/03/12/coronavirus-market-correction-where-to-invest-1000.aspx

[Nordic]

50% stock futures
50% Bitcoin

200% Win/Win

[steveschneider]

Gains from Friday already gone. Be patient there is only going to get worse and there will be better prices.

[Heat Miser]

So the Fed has pretty much spent all their ammo in two weeks. Not sure how smart that is.

[steveschneider]

So the Fed has pretty much spent all their ammo in two weeks. Not sure how smart that is.

Trump threatened the Fed and this is where we are at.

[Heat Miser]

Times like these are when capitalism ignores irony & asks socialism for a handout.

Airlines’ $58 Billion Bailout Request Puts Scrutiny on Past

[I.B. Fine]

Times like these are when capitalism ignores irony & asks socialism for a handout.

Airlines’ $58 Billion Bailout Request Puts Scrutiny on Past

I agree about the irony here, the trade offs between potentially losing a good chunk of the airline industry vs letting the markets sort it out...I'm sure the money will ultimately flow much more freely than it should...

Also, another interesting wrinkle is this:

Boeing shares rose 3.6% to $134 pre-market Tuesday in New York. The stock dropped 60% this year through Monday’s close of trading.

Boeing made their bed with the Max, but will they go under without a bail out?

[Heat Miser]

Times like these are when capitalism ignores irony & asks socialism for a handout.

Airlines’ $58 Billion Bailout Request Puts Scrutiny on Past

I agree about the irony here, the trade offs between potentially losing a good chunk of the airline industry vs letting the markets sort it out...I'm sure the money will ultimately flow much more freely than it should...

Also, another interesting wrinkle is this:

Boeing shares rose 3.6% to $134 pre-market Tuesday in New York. The stock dropped 60% this year through Monday’s close of trading.

Boeing made their bed with the Max, but will they go under without a bail out?

Who else gets a handout? The cruise lines? Hotels? Every small business in the country? Every person with a tanking 401k balance? Where do we draw the line? Companies like Apple, Microsoft, etc. are smart & keep significant cash exactly for reasons like this. Why should they be left out of the handouts?

Funny how we can't do universal healthcare, but we can bail out big business whenever their own mismanagement puts them in jeopardy.

[AvgMSUJoe]

Funny how we can't do universal healthcare, but we can bail out big business whenever their own mismanagement puts them in jeopardy.

But they scream "welfare" and "socialism"....

(Getting into BobbySak territory)

[I.B. Fine]

Who else gets a handout? The cruise lines? Hotels? Every small business in the country? Every person with a tanking 401k balance? Where do we draw the line? Companies like Apple, Microsoft, etc. are smart & keep significant cash exactly for reasons like this. Why should they be left out of the handouts?

Funny how we can't do universal healthcare, but we can bail out big business whenever their own mismanagement puts them in jeopardy.

I don't disagree, any govt help should be a loan and should come with some pain, otherwise no one is 'too big to fail' just no politicians have the spine to deal with the ramifications of the sorting out process that will follow....

[Nordic]

I'm curious as to how ya'll would of handled this situation.

I agree about the irony here, the trade offs between potentially losing a good chunk of the airline industry vs letting the markets sort it out...I'm sure the money will ultimately flow much more freely than it should...

Also, another interesting wrinkle is this:

Boeing made their bed with the Max, but will they go under without a bail out?

Who else gets a handout? The cruise lines? Hotels? Every small business in the country? Every person with a tanking 401k balance? Where do we draw the line? Companies like Apple, Microsoft, etc. are smart & keep significant cash exactly for reasons like this. Why should they be left out of the handouts?

Funny how we can't do universal healthcare, but we can bail out big business whenever their own mismanagement puts them in jeopardy.

You tell me Heat

[Heat Miser]

I'm curious as to how ya'll would of handled this situation.

I agree about the irony here, the trade offs between potentially losing a good chunk of the airline industry vs letting the markets sort it out...I'm sure the money will ultimately flow much more freely than it should...

Also, another interesting wrinkle is this:

Boeing made their bed with the Max, but will they go under without a bail out?

Who else gets a handout? The cruise lines? Hotels? Every small business in the country? Every person with a tanking 401k balance? Where do we draw the line? Companies like Apple, Microsoft, etc. are smart & keep significant cash exactly for reasons like this. Why should they be left out of the handouts?

Funny how we can't do universal healthcare, but we can bail out big business whenever their own mismanagement puts them in jeopardy.

You tell me Heat

No govt. handouts (that includes tax breaks). Period. Loans? Sure. The Fed just cut rates to zero. Have at it.

[steveschneider]

Goldman Sachs forecasting the S&P to land somewhere around 2000.

[Heat Miser]

I've always heard 6 months, but still.

[Heat Miser]

This is also a great example of why you don't give a trillion & a half dollars to corporations and rich people. Keep what little powder you have dry because you never know when or where the next trillion dollar crisis will come from.

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