If Sunday futures hold as they currently are (down 4.5% on S&P) the market will potentially test the 7% circuit breakers at somepoint Monday
Have/will you be buying
If yes, what are you looking at.
Here's my top 5 plays
Google at $140. If you think they have lost verb of search on internet, you tube falters w/ no adds, lose being top 3 Cloud player, lose being top 2-3 on AI, and top 2 on driverless cars (Waymo) then it's a sell.
Boeing at $125. I believe new CEO has plan on how to get it turned around. They still have a duopoly with AirBus who isn't beating them, but have been just "not them" last 5 years which has been good enough
Citibank at $57. This one will frustrate the crap out of you with how it moves up like malasses, and you will wonder why you tied your money up with it, but in next 3.5 years it will touch 80 at some point, so adding that plus 4.5% dividend will give you overall return of 50%
Barrel of oil at 57-58. Even with apparent demand destruction incoming, solar/electric cars still haven't hit tipping point of being $ viable alternative without substantial Gov't rebates. Fair market value is mid 70's/80's
American Airlines. Has went from $19-8 in 6 weeks. Yes demand will wane, but they can cut staff/routes to offset that and with their number one fixed cost oil trading where it's at they can lock those prices in savings multi millions they had expected to spend at start of year, You could also Buy Norweigan Cruise lines or Carnival as they will be close to 50% off their highs at somepoint tomorrow.
Gold silver ratio usually sits around 75 (buy 75 ounces of silver for one oz. Gold) Friday it hit 102 and as stands Sunday night it will be 105ish. SLV is paper stock you can buy for Silver. This would be for trade only but there's 25% profit to be had some point next 12 months
What say you?
Comments
Option play on Meta seems like a good risk reward bet. If they win or get their case dropped, then it goes way up. If they lose who cares at option prices.
Pork bellies.
Feeling good, Billy Ray?
I won't name names out of respect to standards but I'm looking at a lot of American energy firms as currently undervalued given the trajectory with this administration.
FYFMFE … can I blame this on vanilla post of the day.