Stock picks

@_@ should have kept DOOR.  LoL.

Bought COIN, MARA, and RIOT on dip.


p.s.  Bought back DOOR on dip.
 
With people getting vaccinated and summer coming, I've purchased some boating and outdoor sports related stocks.  Stocks that made it to my select list should be profitable with growing revenue.


Here's a list of boating stocks:

Boat manufacturers
BC (owns Mercury boat engine)
MBUU
MCFT
MPX

Boat resellers
ONEW
HZO

I purchased ONEW and HZO, both are boat resellers.  HZO sells new/used boats, financing/insurance/brokerage on boats, and various boat/marina related services.  I like the diversity over the boat manufactures which only make money selling new boats.  This is not to say the manufacturer stocks won't make money, but I have to limit myself on number of stocks purchased or else it will grow to unmanageable size.


Sporting Goods:
NLS (they make bowflex which you might have seen on TV)
COLM
AOUT
VSTO

Sporting goods retail:
DKS
ASO
BGFV (higher risk)


For sporting goods I bought NLS, AOUT and VSTO.  This is reverse of the marine sports stock purchases where I'm buying sporting goods manufacture stocks and not the retail stocks.

AOUT and VSTO used to be part of firearms & sporting goods business, but they've separated from Smith & Wesson and Savage Arms/Stevens.  As Everyone is aware firearm business is high liability and subject to consumer boycotts and such.  AOUT and VSTO now sell shooting sports accessories and various outdoor sporting goods like camping and hiking.  With summer coming business will be good.

The sporting goods retail stocks have low P/E ratio but again, I had to limit myself to fewer stocks purchased.  BGFV (Big 5) was at $1 last year and ballooned to $18 this year.  If you want to play this I would wait until earnings call (tomorrow) and the profit taking dip.  With so many people making huge gains from their bet last year, expect higher risk and profit taking dips.

Note that if you're looking for Sportsman's Warehouse, Bass Pro Shops and Cabela's, they're owned by Great American Outdoors Group (not publicly traded).  Gander Mountain/Gander Outdoors is owned by Camping World Holdings (CWH).


Stocks that I rejected:  (your opinion may vary)
JOUT
WWW
ELY
VFC (Dickies, Timberland Pro, split from KTB)
KTB (Lee & Wrangler Jeans)
UAA
DECK
ESCA - these guys make indoor and backyard games/sporting equipment and did exceedingly well during the pandemic.  But I'm looking more for outdoor sports/boating stocks.
 
Buying CRSR on dip
https://www.investors.com/news/tech...r-gaming-crushes-q1-sales-earnings-estimates/

"The Fremont, Calif.-based company earned an adjusted 58 cents a share on sales of $529.4 million in the March quarter. Analysts expected Corsair earnings of 33 cents a share on sales of $449.7 million. On a year-over-year basis, Corsair earnings rocketed 346% while sales jumped 72%."

"For 2021, Corsair upped its revenue outlook to a range of $1.9 billion to $2.1 billion. Its previous range was $1.8 billion to $1.95 billion. It also increased its adjusted earnings outlook to a range of $245 million to $265 million, vs. its prior guidance of $215 million to $230 million.

Wall Street had predicted Corsair earnings of $1.55 a share on sales of $1.9 billion in 2021.

In afternoon trades on the stock market today, CRSR dropped 5.8%, near 31.50."



P.S. Big 5 did great today.  I think I should look at DKS and ASO.  DKS earnings call May 26, ASO in June.
 
Summer months are usually a bust for propane due to lower sales (don't need it for heating).  We'll find out in 3 months if there is sufficient increased sales for an earnings surprise.  Currently the estimate for Q2 2021 is -0.41 EPS for SPH.
 
momopi said:
Unloaded most crypto holdings and reduced tech holdings

Buying propane stock for summer BBQ (!)

SPH took a beating last year from pandemic and cut dividends by half.  Hopefully this year with people getting vaccinated, they will buy more propane for backyard BBQ gatherings.  Stock currently pays 8% dividends.
https://www.google.com/finance/quote/SPH:NYSE
https://seekingalpha.com/symbol/SPH/dividends/history
Click to expand...

Old news: Trade desk and nvidia shares planning to split. Something to consider.
 
NVDA and TSM stocks account for almost 20% of my IRA, I need to diversify my purchases.  With the latest government plan to invest in domestic semiconductor sector, it might be worth looking at intel, micron and global foundries (IPO pending) again.  For those interested look up Micron's 1-alpha DRAM tech that doesn't require EUV.

I've acquired a small open position in SMG (Scotts Miracle Grow) on dip.  Rather than buying weed stocks I'll buy SMG which owns Hawthorne division, top seller of hydroponics equipment to weed industry.
 
momopi said:
NVDA and TSM stocks account for almost 20% of my IRA, I need to diversify my purchases.  With the latest government plan to invest in domestic semiconductor sector, it might be worth looking at intel, micron and global foundries (IPO pending) again.  For those interested look up Micron's 1-alpha DRAM tech that doesn't require EUV.

I've acquired a small open position in SMG (Scotts Miracle Grow) on dip.  Rather than buying weed stocks I'll buy SMG which owns Hawthorne division, top seller of hydroponics equipment to weed industry.
Click to expand...

cyber security sector
 
momopi said:
NVDA and TSM stocks account for almost 20% of my IRA, I need to diversify my purchases.  With the latest government plan to invest in domestic semiconductor sector, it might be worth looking at intel, micron and global foundries (IPO pending) again.  For those interested look up Micron's 1-alpha DRAM tech that doesn't require EUV.

I've acquired a small open position in SMG (Scotts Miracle Grow) on dip.  Rather than buying weed stocks I'll buy SMG which owns Hawthorne division, top seller of hydroponics equipment to weed industry.
Click to expand...

Casinos might be a rebound play. LV crowded af
 
I love how WS threw out tech stocks due to high interest rates. So are people not going to e-sign things via Docusign because of higher rates? Ecommerce businesss won?t use Shopify?s system when interest rates go up? Now they are climbing at their highs or making 52 week highs.
 
is anyone buying the "re-opening" stocks? they've been hammered lately. chinese stocks as well. Wonder if it's a good time to buy.
 
sleepy5136 said:
is anyone buying the "re-opening" stocks? they've been hammered lately. chinese stocks as well. Wonder if it's a good time to buy.
Click to expand...

I purchased quite a bit of sporting goods and boating stocks.  The sporting goods stocks did well and boating stocks are down 10%-20%.

With recent market dips, I've set a lot of lowball limit orders.  Earlier I set SMG limit buy at $150 and LOGI at $100.  Today I used Q1 prices as reference and put in more small limit orders on about 20 stocks.  Basically betting ~20% drop by Oct-Nov.
 
What trading platforms does everyone use? Most of my stuff is just at ETrade.

I recently just started using the Chase platform just so I can keep minimum balance in there for Private Client and move my liquid funds elsewhere. I must say the platform is terrible. Slow to provide data and not robust whatsoever. Dear God, I would never recommend this platform to anyone.
 
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