Wild-Assed 2

[Louetta]

Thought I might take a crack at IEO in the morning, the iShares US oil and gas exploration and production ETF. Assuming it goes down somewhere near the 20% oil is down right now. Of course by morning everything may be back to normal in which case I will forget about oil for another 5 years or so. IEO is down 37% so far this year, distribution is about 3% depending on what price you use and said price changes almost daily. Trust Blackrock stuff.

People are saying oil in the low 30s is a "bull trap" which certainly sounds odd. Figure to hold off on IEO till oil gets into the mid 20s. If it does.

[mimo_100]

Thought I might take a crack at IEO in the morning, the iShares US oil and gas exploration and production ETF. Assuming it goes down somewhere near the 20% oil is down right now. Of course by morning everything may be back to normal in which case I will forget about oil for another 5 years or so. IEO is down 37% so far this year, distribution is about 3% depending on what price you use and said price changes almost daily. Trust Blackrock stuff.

Some recent headlines:

Published: March 7, 2020 at 11:18 a.m. ET By Michael Brush
Companies such as Twilio, Chegg and Enphase Energy are the FAANGs of the future, says Kevin Landis of the Firsthand Technology Opportunities Fund

Putin Dumps MBS to Start a War on America’s Shale Oil Industry Bloomberg March 7, 2020

U.S Mortgage Rates Fall to Record Lows. The Year of Record Breaking May Well Continue March 7, 2020

MARKETS
Stock Futures Were Halted Sunday Night. Here’s When S&P 500 Circuit Breakers Kick In on Monday.
By Lisa Beilfuss Updated March 8, 2020 10:30 pm ET / Original March 8, 2020 9:35 pm ET

Futures on the S&P 500 were halted Sunday night after they declined 5%.

As the wild swings on Wall Street continue, here are the levels to watch for further trading curbs when U.S. markets open Monday. [3/9/2020]

Stock Market Panics as Oil Prices Tumble - Asian stock markets plunged Monday [3/9/2020] after oil prices nosedived on worries a global economy weakened by the coronavirus outbreak might be awash in too much crude. Wall Street futures prices were following suit.

Coronavirus Update: 3,600 New Cases Outside China Reported Sunday

Northern Italy Locked Down

Level One Breach

[Louetta]

Thought I might take a crack at IEO in the morning, the iShares US oil and gas exploration and production ETF. Assuming it goes down somewhere near the 20% oil is down right now. Of course by morning everything may be back to normal in which case I will forget about oil for another 5 years or so. IEO is down 37% so far this year, distribution is about 3% depending on what price you use and said price changes almost daily. Trust Blackrock stuff.

[Louetta]

Another stock I used to flog regularly in my old thread was STOR. This is a Buffett stock (or his lieutenants Todd and Ted). It's a REIT which specializes in strip mall type businesses which are by their nature immune to being internet-ized. Schwab lists restaurants, early childhood education centers, movie theaters, health clubs and I envision barber shops, pool halls, etc. Pays about 3.5% before the Section 199 tax break (thanks to Donald) which is less a payout than it was, as the stock has been rising. Hard to recommend it strongly at this level but it's worth a look.

Got back into STOR. Down 15% in two weeks, pays 4%+ at this level. Nice looking ascending chart except for the past few weeks.

[billyjoe]

Louetta, MA is a great buy at this point. Too bad I don't have any $$$.

------------------billy

[Louetta]

Can't quite decipher why V and MA are down 15% from their recent highs and AXP 20%.

[Louetta]

Li'l Lana. After this week I need somebody to dance under MY architecture:

https://www.youtube.com/watch?v=zKYYVrrs2oY

[BlueWolf]

1/2 of them are up right now (TTD TDOC ZM ETSY NVDA) despite the slide

As of today, I own all if the above except for TDOC, a stock that I love and want back into as soon as I see a buying pattern. I had a double position in TDOC previously. I did a lot of trading this morning, I will post my latest in the Stocks For The Long Term thread.

[Louetta]

I don’t agree with him much, but those are excellent recs in my book.

1/2 of them are up right now (TTD TDOC ZM ETSY NVDA) despite the slide

[BlueWolf]

Cramer's "stay at home" top ten stocks if one can't/don't want to go out: ZM TDOC RNG MRNA ETSY SQ SHOP NVDA ADBE TTD

I don’t agree with him much, but those are excellent recs in my book.

[Louetta]

Cramer's "stay at home" top ten stocks if one can't/don't want to go out: ZM TDOC RNG MRNA ETSY SQ SHOP NVDA ADBE TTD

[Louetta]

Bought some more SAN. Price is approaching levels not seen since the original Brexit vote. Dividend is in the high 6es and is well covered by earnings. Or so it seems. Brexit worries some, though I never really understood why. Headquartered in Madrid the bank operates in a lot of places including New England, New York, Conn. and New jersey. Banks are getting clobbered of course and Germany, the strongest European economy, reported no GDP growth last night for the most recent quarter. When I bought at Brexit the stock went from under 4 to over 7 in a year and 1/2 and paid about the same dividends all the while.

[Louetta]

I think you mean moving Olympics from Japan to London. They were talking about moving marathon and other running events from Tokyo to Sapporo due to excessive heat. Also talk of moving China Grand Prix, but then it wouldn't be the China Grand Prix.

----------------billy

Sheesh. Probably not a good time to admit I follow about 30 people on various social media who are training for the games and already have my DVR set for the Olympic trials marathon a week from tomorrow (Saturday, noon on NBC).

Gotta add to this. Almost posted something on twitter. At least here I'm making a fool of myself in front of a limited amount of people.

[billyjoe]

Gonna lighten some. 30-yr at an all time low yield, talk of moving the Olympics to London from China, plus we've come a long way.

I think you mean moving Olympics from Japan to London. They were talking about moving marathon and other running events from Tokyo to Sapporo due to excessive heat. Also talk of moving China Grand Prix, but then it wouldn't be the China Grand Prix.

----------------billy

[Louetta]

Gonna lighten some. 30-yr at an all time low yield, talk of moving the Olympics to London from China, plus we've come a long way.