Author Topic: Stock picks  (Read 101447 times)

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Offline fatduck

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Re: Stock picks
« Reply #525 on: October 04, 2021, 11:20:57 AM »
foot locker recently opened a large standalone store like this about a block from me.  it was formerly an american apparel.  there are lines around the block any time there is a shoe "drop".  also the occasional shooting.  they seem to be doing pretty good business though.

Offline momopi

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Re: Stock picks
« Reply #526 on: October 04, 2021, 01:47:04 PM »

Foot locker plans to eventually close some existing stores, located mostly inside malls, and replace them with smaller number of "power stores" that are much bigger in size.

At Downey/Norwalk they are opening a new Power Store across from Stonewood mall, next door to Big 5.  Sneakerheads will rejoice.


Online eyephone

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Re: Stock picks
« Reply #527 on: October 04, 2021, 01:57:23 PM »
FL is approximately down 17-18% in the past 6 months according to yahoo finance charts as of today.


Offline sleepy5136

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Re: Stock picks
« Reply #528 on: October 04, 2021, 03:31:11 PM »
a lot of high growth name stocks are easily down 15%+ since the top because of higher "bond yields".... Because these tech companies are totally impacted by supply chain issues and covid.... i find the narrative hilarious when people say sell the tech names due to high yields. they don't know anything about tech if they say that.

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Re: Stock picks
« Reply #529 on: October 04, 2021, 03:32:27 PM »
Yeah, but not all have known supply issues.

Offline sleepy5136

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Re: Stock picks
« Reply #530 on: October 04, 2021, 03:35:06 PM »
Yeah, but not all have known supply issues.
I would say 80%+ high growth tech names have no dependency on supply chain issues besides semiconductors that I'm aware of. But that just means they can increase the price of the chips since everyone and their mother need them right now.

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Re: Stock picks
« Reply #531 on: October 04, 2021, 04:13:00 PM »
So what is the story behind FL.
When Nike released q1 earnings they talked about supply chain. Also, Nike is selling dtc through its website and app.

I guess I dont see the buzz behind Foot locker.

Offline aquabliss

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Re: Stock picks
« Reply #532 on: October 15, 2021, 01:02:25 AM »
I've been watching this older YouTuber (I think late 70's) who really makes a good case for Editas stock (TICKER: EDIT).  He feels the next catalyst sector is gene therapy and disease cure, etc.  Bought some in my Roth earlier this week for $36, this guy thinks it has the power to go 10x-15x in 5ish years, so I'll probably ride it out for awhile and see how it goes. 

Also hoping TSLA breaks out next week after earnings and finally hits that $1,000 mark.  It's hard not to invest in TSLA when you live in Irvine and see literally what feels like 25% of the vehicles on the road are Tesla's. 

Offline sleepy5136

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Re: Stock picks
« Reply #533 on: October 15, 2021, 01:12:32 AM »
Did a buying spree of high quality tech names during the big red days thanks to our government. Tech stocks have now gone up nicely.

Offline aquabliss

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Re: Stock picks
« Reply #534 on: October 15, 2021, 01:54:47 AM »
Sleepy, we only lost like 5ish percent on the nasdaq.  Wait until the real crash then you can buy at the 50% off sale.

Also feels like I should buy CVS stock.  When the Biden mandate hits, 30% of American adults will have to test weekly to keep their jobs.  I figure many of them will be running to Walgreens or CVS for this.

Offline sleepy5136

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Re: Stock picks
« Reply #535 on: October 15, 2021, 10:10:10 AM »
Sleepy, we only lost like 5ish percent on the nasdaq.  Wait until the real crash then you can buy at the 50% off sale.

Also feels like I should buy CVS stock.  When the Biden mandate hits, 30% of American adults will have to test weekly to keep their jobs.  I figure many of them will be running to Walgreens or CVS for this.
5% on nasdaq but 15%+ on individual high quality names like DOCU, FIVN, CRWD, SQ, etc. I never believe in timing the market. A 50%+ crash is honestly not likely unless interest rates go up or some dramatic event happens. March 2020 was arguably the latest market "crash" that we had and those happen generally every 8 years.

Time in market > Timing the market all day any day.

Offline momopi

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Re: Stock picks
« Reply #536 on: October 15, 2021, 11:12:10 AM »
Nike shifted to DTC (direct to consumer) and cut wholesale accounts with Big 5, DSW, Urban Outfitters, etc.

The current supply issues has caused many retail stocks to tank.  KSS and FL dipped from $65 to $45, I've started buying both.  I'm actually hoping they would dip further so I can average down.

These are not very long holds.  I plan to sell them next year for a profit.
« Last Edit: October 15, 2021, 11:22:56 AM by momopi »

Offline momopi

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Re: Stock picks
« Reply #537 on: October 25, 2021, 08:13:30 AM »
Picking up a little BABA ahead of Single's Day.

https://en.wikipedia.org/wiki/Singles%27_Day

 

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