Stock Pick of the Week: W. E. 20 May 2022

[clarkrl2]

Rules:

1. Selection must be made prior to the opening bell on the first trading day of the week.
2. Selection may be changed up to the opening bell.
3. Starting price is the opening price on first trading day of week.
4. Ending price is closing price on last trading day of week.
5. No options or other trading vehicles. Only stocks and ETFs are allowed.
6. Opening prices will be those found at Yahoo Finance. Any disputed opening price will be resolved using the price listed at Yahoo Finance historical quotes

To enter the game:

List your stock's symbol, Long or Short, Company name, what the company does and why you like the selection.

Congratulations to last week's winner "Ombud"

[ModE98]

WOOF (long).   Cheap enough

[uncle23]

LAC…..long

[djAdvocate]

i haven't made my mind up, but i want to post here before i do.  i am thinking of the same pick as last week, SOYB, GRU, REMX, USO.  a lot of the commodities look good, but not so much the precious metals.  i really like SOYB, but i am not confident it will put on much of a show.  oh, and by the way, i really like that food stock you picked last week, KD.  that thing has been putting on a SHOW the last twelve months.

edit: if for some reason i forget, i will take WEAT long, again.  i have a busy weekend coming up.

[kadee79]

May 13, 2022 20:31:01 GMT -5 djAdvocate said:

i haven't made my mind up, but i want to post here before i do.  i am thinking of the same pick as last week, SOYB, GRU, REMX, USO.  a lot of the commodities look good, but not so much the precious metals.  i really like SOYB, but i am not confident it will put on much of a show.  oh, and by the way, i really like that food stock you picked last week, KD.  that thing has been putting on a SHOW the last twelve months.

edit: if for some reason i forget, i will take WEAT long, again.  i have a busy weekend coming up.

Yes, it's been a good one and it pays a decent dividend too.  A nice one to buy & hold forever when it goes down.

[djAdvocate]

May 13, 2022 21:36:59 GMT -5 kadee79 said:

May 13, 2022 20:31:01 GMT -5 djAdvocate said:

i haven't made my mind up, but i want to post here before i do.  i am thinking of the same pick as last week, SOYB, GRU, REMX, USO.  a lot of the commodities look good, but not so much the precious metals.  i really like SOYB, but i am not confident it will put on much of a show.  oh, and by the way, i really like that food stock you picked last week, KD.  that thing has been putting on a SHOW the last twelve months.

edit: if for some reason i forget, i will take WEAT long, again.  i have a busy weekend coming up.

Yes, it's been a good one and it pays a decent dividend too.  A nice one to buy & hold forever when it goes down.

it is on my hit list.  will buy during a pullback.

[Rukh O'Rorke]

May 13, 2022 20:31:01 GMT -5 djAdvocate said:

i haven't made my mind up, but i want to post here before i do.  i am thinking of the same pick as last week, SOYB, GRU, REMX, USO.  a lot of the commodities look good, but not so much the precious metals.  i really like SOYB, but i am not confident it will put on much of a show.  oh, and by the way, i really like that food stock you picked last week, KD.  that thing has been putting on a SHOW the last twelve months.

edit: if for some reason i forget, i will take WEAT long, again.  i have a busy weekend coming up.

since I'm gluten free, I object!

But with the ukraine situation, wheat will definitely continue going though the roof.

[Rukh O'Rorke]

curious about the commodity bets, what exactly are these - like etfs for commodities? I thought buying commodiities was harder then just plugging in a symbol and clicking buy?


All my knowledge about commodities come from trading places....

[kadee79]

Ruth, join our game!  I could use some more female support here.

UPST, long...


Upstart Holdings, Inc. operates a cloud- based artificial intelligence (AI) lending platform in the United States. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform. Upstart Holdings, Inc. was founded in 2012 and is headquartered in San Mateo, California.

[djAdvocate]

May 14, 2022 18:38:01 GMT -5 Rukh O'Rorke said:

curious about the commodity bets, what exactly are these - like etfs for commodities? I thought buying commodiities was harder then just plugging in a symbol and clicking buy?


All my knowledge about commodities come from trading places....

i have been having atrocious luck with equities this year.  through 16 rounds, i had an average loss of 0.5% per week.

so, i switched to commodities ETF's. YES, commodities are harder to trade than equities.  the capital requirements are different, and they go through the CBOE instead of standard trade exchanges.  but recently, there have been some ETF's cropping up that specialize in a FEW commodities.  USO, as an example, is dedicated to oil contracts.  UNG (which won and placed for me in consecutive weeks) is a Natural Gas ETF.

this is a "trial balloon" for me.  if i can make money this way, i am bailing on my equities until this market shifts back into a bull market.  i have lost big money this year as equities continue to get their asses kicked.  i have done better on this board than i have done with my own holdings even BEFORE i moved to commodities.  

[clarkrl2]

long MGPI (MGP Industries - Food and Beverage)
I like it long term and the chart looks OK. weekly bars

[Value Buy]

May 14, 2022 18:38:01 GMT -5 Rukh O'Rorke said:

curious about the commodity bets, what exactly are these - like etfs for commodities? I thought buying commodiities was harder then just plugging in a symbol and clicking buy?


All my knowledge about commodities come from trading places....

A straight play on Commodities is dfferent from an eft. Commodities are traded for the actual price it will be delivered at the end of the contract date. You can play the month the contract that expires in the month of June now for most commodities. Traders are active in mostly the two most current monthly contracts but can go out for a year or longer also.  As in the grains, oil and metals you can go out well over a year out betting on the price the commodity is currently trading. Each month has an ending date where if you are "long" you must take ownership of the product unless you sold it before the contract expires. Traders bet either they can buy now at a low contract price and sell it as it comes closer to expiration at a higher price per barrel, oz, ton, whatever the contract represents. Traders can go short by "selling" the contract now, betting the price is currently too high and will drop before the expiration date where they can buy it back at a lower price

Commodity trading used to be primarlily for farmers who could see a garenteed price for their product in outgoing months, and the processors who bought contracts locking in their cost of product for months out at a time.

Same for oil refiners who could see what their cost was going to be by the contracts they bought, rather than buying on the open cry market, which you see trading daily on the exchanges. Southwest airlines was famous for buying jet fuel contracts for a year out from expiration when the prices were low and took delivery of the low price product while other airlines bought it on the open market at almost twice the cost  as oil would rise. Remember when oil prices collapsed two years ago? Traders rented tanker ships to store the product because they could not sell it at a profit. Then they ran out of storage tanker ships as well as storage tanks across the world. That caused oil prices to collapse.
This is the simple answer, and it does get very complicated.
Hunt brothers thought they could control the silver market and almost went bankrupt when silver dropped from over $40 an oz to less than $10. This happened back in the 70's or 80's
Another major trader tried manipulating natural gas futures by actually selling his contracts to himself at a higher price and then buying them back at a higher price inflatiing the actual price that did not reflect the actual demand for the product. Eventually he could no longer afford to buy the inflated contract price, and there was no one there to buy his contracts. The price dropped to less in half in two weeks, busting him. This happened back around maybe  2005??

[Value Buy]

METC is interesting.I aloost played this one last week, and should have. It popped even on an earnings miss last week, and might sell off this week, but I am not sure it actually will do that. 
WMT reports this week as a bunch of major retail corporations. With inflation and consumers getting pinched by inflation, they should report good numbers and say consumers are trending their way. I should play it this week.......

I will go with CSCO this week. This is a stock the traders seem to hate and never give it a chance. 
They report this week and not sure if tech will be given a chance to pop this week or not, let alone CSCO. I will go with the underdog this week.
I like this company.
CSCO, long

[Value Buy]

May 14, 2022 20:28:49 GMT -5 kadee79 said:

Ruth, join our game!  I could use some more female support here.

UPST, long...


Upstart Holdings, Inc. operates a cloud- based artificial intelligence (AI) lending platform in the United States. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform. Upstart Holdings, Inc. was founded in 2012 and is headquartered in San Mateo, California.

LOL, UPST and my pick a couple of weeks ago, SNOW would have been great shorts last couple of weeks. Both showed some life at the end of last week. I like your chance this week! I am not sure I feel the same way with SNOW this week..........

[Ombud]

Hope I'm not too late ... sticking with last weeks pic now that Finland is joining NATO & C19 variant is more resilient than expected.

CCL short -- think bottom will be around 12

[Rukh O'Rorke]

i guess i missed the deadline, i'll try to play next time.

[djAdvocate]

WOOF (L)
LAC (L)
WEAT (L)
UPST (L)
CSCO (L)
CCL (S)

[Value Buy]

May 16, 2022 13:58:14 GMT -5 Rukh O'Rorke said:

i guess i missed the deadline, i'll try to play next time.

You are allowed to enter anytime after Clarkrl2 starts the new weekly game on Friday evening, and can put your pick in anytime before opening bell on Monday morning before 9:30 am eastern time. 
The time stamp on your post lets Clarrl2k know if you made the deadline.

[clarkrl2]

Ombud is the early leader yet again. kadee77 is next and djAdvocate third. ModE98 and uncle23 are both beating the benchmark.

Player	L or S	Symbol	$ Open	$ Close	% Close
Ombud	S	CCL	$14.2700	$14.0900	1.26%
kadee77	L	UPST	$37.3800	$37.7900	1.10%
djADVOCATE	L	WEAT	$12.0500	$12.1400	0.75%
Mod E	L	WOOF	$18.3300	$18.3600	0.16%
uncle.23	L	LAC	$22.8900	$22.8700	-0.09%
BenchMark	L	QQQ	$300.1500	$298.4400	-0.57%
Value Buy	L	CSCO	$49.6600	$49.0000	-1.33%
clarkrl2	L	MGPI	$102.1700	$98.6100	-3.48%

 

[clarkrl2]

Sorry about the late update. I retired today and there was much partying including alcoholic drinks. Have some cyber cake and beverage on me.

[djAdvocate]

congrats, clark!  i am trying to hire my replacement right now.  once that happens, i will have a party too!

edit: my target on WEAT is $12.50
i have a feeling it might hit it early in the week and fall off.
but all of the tailwinds are with Wheat futures right now.
so maybe not.
i can't predict what will happen.

[Value Buy]

Congratulations Clarkrl2! 
I still vividly remember the day I retired after 48 years with the same company, and the feeling of leaving the workforce!
dj, don't you think when  the owner throws his own party for retiring, it strikes the troops negatively
I hope you find your replacement soon. You deserve to reap the rewards!

[Value Buy]

Looks like I dodged a bullet on WMT!

[uncle23]

May 16, 2022 23:17:46 GMT -5 clarkrl2 said:

Sorry about the late update. I retired today and there was much partying including alcoholic drinks. Have some cyber cake and beverage on me.




Congratulations !

Bourbon on ice for me please..

[djAdvocate]

May 17, 2022 6:54:43 GMT -5 Value Buy said:

Congratulations Clarkrl2! 
I still vividly remember the day I retired after 48 years with the same company, and the feeling of leaving the workforce!
dj, don't you think when  the owner throws his own party for retiring, it strikes the troops negatively
I hope you find your replacement soon. You deserve to reap the rewards!

LOL!  good point.  i probably won't have a party.  

[Value Buy]

Someone is ripping up the track today!

[Ombud]

Picked the wrong direction

Congratulations on your retirement Clark

[clarkrl2]

kadee76 takes over the lead on day two with a big move. uncle23 is second and Mode98 third. djAdvocate is also beating the benchmark.

Player	L or S	Symbol	$ Open	$ Close	% Close
kadee77	L	UPST	$37.3800	$46.6600	24.83%
uncle.23	L	LAC	$22.8900	$24.2100	5.77%
Mod E	L	WOOF	$18.3300	$19.2200	4.86%
djADVOCATE	L	WEAT	$12.0500	$12.3600	2.57%
BenchMark	L	QQQ	$300.1500	$306.1700	2.01%
Value Buy	L	CSCO	$49.6600	$50.6000	1.89%
clarkrl2	L	MGPI	$102.1700	$98.8500	-3.25%
Ombud	S	CCL	$14.2700	$14.8700	-4.20%

[kadee79]

Congrats Clark!  And just so you know...you will now be busier than ever!  

[Value Buy]

Someone shot my horse on the track this afternoon

kadee, how did your horse manage to accomplish a plus day on the track today?