Stock Pick of the Week: W. E. 29 Jul. 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 "djAdvocate"   Hat Trick!!! 

Due to the extreme heat, I have been staying up late and getting up early then napping during the heat of the day. Thus, the later than normal updates. 

[uncle23]

....

TSLA....long



ps

please enter LAC for week Aug 5 and week Aug12

thanks.. (vacationing in Sardinia Italy)

[djAdvocate]

COW long  

target = 39.5  40-42

[clarkrl2]

Jul 22, 2022 20:43:03 GMT -5 uncle23 said:

....

TSLA....long



ps

please enter LAC for week Aug 5 and week Aug12

thanks.. (vacationing in Sardinia Italy)

Got it.

[kadee79]

MULN, long....


Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.


Uncle, enjoy that vacation!  Easy on the wines!  

[clarkrl2]

Long RDN (Radian Group - Insurance)
I like the chart with weekly bars better than that of CI. I bought some shares for the long term a couple of years ago. weekly bars 

[Value Buy]

Was thinking to go long on CLF this week due to their dismal performance after announcing earnings last week. The actual performance was not that bad to it last week and I was thinking it meight recover this week. US Steel also reports this Friday and not sure how the various funds will treat them based on CLF performance last week.

Going with a new pick this week. never traded in a pharma stock in the contest that I can remember.

Phizer reports this week. Last four quarters they have beaten earnings projections by at least ten cents a share and I expect them to do it this time. Hoping for a good pop on the stock as so much news comes out this week and the stock market gurus are going to be a little confused on what to do with all the news. I believe the FED will go 75 basis points, but talking heads are all over the place at one hundred points or 50 point increase. Lots of other data comes out and it will be a confusing week for direction of the stocks and indexes and traders might go into pharma to hide this week. 

Phizer, ticker PFE, LONG. 

[Value Buy]

Jul 22, 2022 22:52:10 GMT -5 djAdvocate said:

COW long  

target = 39.5

DJ,
You have caught my interest here.
 I follow cattle and hog futures on the commodity exchange, but am unfamiliar with COW. I saw where this is through Barclays.
Cattle futures have held strong during the current commodity decline, one of only a couple of ones that have stayed stable.
Lean hogs have come down some, about ten dollars or so and I am thinking cattle will follow soon, as feed prices should be declining plus grilling season winds down next month.
Of course that is a future trend, not a one week prediction.
Regardless, Fridays price for COW was about $38.85 or so, so am surprised your target is $39.50. 
Am I missing something? Are you expecting a huge beat over the target?

[clarkrl2]

clarkrl2 is out of the gate first in this week's contest. Value Buy is second and kadee77 third. djAdvocate is also beating the benchmark.

Player	L or S	Symbol	$ Open	$ Close	% Close
clarkrl2	L	RDN	$21.5300	$21.7600	1.07%
Value Buy	L	PFE	$51.3400	$51.7700	0.84%
kadee77	L	MULN	$1.0200	$1.0200	0.00%
djADVOCATE	L	COW	$38.7300	$38.6100	-0.31%
BenchMark	L	QQQ	$302.0200	$300.2700	-0.58%
uncle.23	L	TSLA	$816.6500	$805.3000	-1.39%

 

[djAdvocate]

Jul 25, 2022 10:15:24 GMT -5 Value Buy said:

Jul 22, 2022 22:52:10 GMT -5 djAdvocate said:

COW long  

target = 39.5

DJ,
You have caught my interest here.
 I follow cattle and hog futures on the commodity exchange, but am unfamiliar with COW. I saw where this is through Barclays.
Cattle futures have held strong during the current commodity decline, one of only a couple of ones that have stayed stable.
Lean hogs have come down some, about ten dollars or so and I am thinking cattle will follow soon, as feed prices should be declining plus grilling season winds down next month.
Of course that is a future trend, not a one week prediction.
Regardless, Fridays price for COW was about $38.85 or so, so am surprised your target is $39.50. 
Am I missing something? Are you expecting a huge beat over the target?

VB- i am running this ONLY on technicals.  but candidly, meat is a fairly conservative commodity.  it is quite rare to get large movements.  but i did change my target earlier today.  i think 10% is the limit of what might be got on this in the intermediate term, but possible.  

[Value Buy]

It seems after WMT annouced a warning of lower profit by about 7% for the quarter they are in after the bell, it looks like oil and NG were the big plays this week. NG up another 10% this morning.
I cannot imagine what heating bills wil be this winter.
This last winter our bill was up 7% over previous year, and that is in an empty house with thermostat set at 50 degrees to keep the pipes from freezing.
Consumer confidence comes out at 9 am central which might spook the markets and tomorrow the Fed weighs in. Might be a bumpy ride this week.

I liked NXPI's report after the bell. It might support prices for the chip manufacture companies.

[djAdvocate]

UNG might have hit an intermediate term high this morning at 31.5
it is back to 30 on 6.5M shares, which at this time of the morning is pretty heavy trading.

update: UNG closed at around 30, on 12M shares.  that is about 2x average volume.  we will see how it opens, but it traded LOWER after hours.

[clarkrl2]

Value Buy takes over the lead on day two. clarkrl2 is second and djAdvocate third.

Player	L or S	Symbol	$ Open	$ Close	% Close
Value Buy	L	PFE	$51.3400	$52.3000	1.87%
clarkrl2	L	RDN	$21.5300	$21.5600	0.14%
djADVOCATE	L	COW	$38.7300	$38.3000	-1.11%
BenchMark	L	QQQ	$302.0200	$294.3700	-2.53%
uncle.23	L	TSLA	$816.6500	$776.5800	-4.91%
kadee77	L	MULN	$1.0200	$0.8735	-14.36%

[kadee79]

And Kadee is on the bottom...it really dropped out for me. 

[djAdvocate]

Jul 26, 2022 20:09:33 GMT -5 kadee79 said:

And Kadee is on the bottom...it really dropped out for me. 

i mentioned something a while back.  i think the only two strategies that are going to CONSISTENTLY work, until we reach capitulation are:

a) commodities investments
b) shorting

i am still convinced this is true.

[Value Buy]

Jul 26, 2022 20:11:24 GMT -5 djAdvocate said:

Jul 26, 2022 20:09:33 GMT -5 kadee79 said:

And Kadee is on the bottom...it really dropped out for me. 

i mentioned something a while back.  i think the only two strategies that are going to CONSISTENTLY work, until we reach capitulation are:

a) commodities investments
b) shorting

i am still convinced this is true.

Not sure about that. Look at Microsoft and Google yesterday. Both posted less than good earnings, and yet up nicely this morning. 
Not sure where Chipolte Mexican grill is this morning but same thing. After hours up over 5%.

[Value Buy]

Jul 26, 2022 20:09:33 GMT -5 kadee79 said:

And Kadee is on the bottom...it really dropped out for me. 

Look at it this way. You have no where to go but up from here, and this stock jumps both directions every week! Better to be down after two days, so three days to recover.

[djAdvocate]

Jul 27, 2022 7:47:49 GMT -5 Value Buy said:

Jul 26, 2022 20:11:24 GMT -5 djAdvocate said:

i mentioned something a while back.  i think the only two strategies that are going to CONSISTENTLY work, until we reach capitulation are:

a) commodities investments
b) shorting

i am still convinced this is true.

Not sure about that. Look at Microsoft and Google yesterday. Both posted less than good earnings, and yet up nicely this morning. 
Not sure where Chipolte Mexican grill is this morning but same thing. After hours up over 5%.

i think you are cherry picking.  i am not talking about the weekly stock picks.  i am talking about investments.  MSFT is -20% YTD.  so is GOOG.

meanwhile, UNG is +150%, DBC is +20%.
until about a month ago, grains were also +20%,
but they got taken down a notch in mid-June and are now BARELY higher.

[Value Buy]

Jul 27, 2022 14:40:40 GMT -5 djAdvocate said:

Jul 27, 2022 7:47:49 GMT -5 Value Buy said:

Not sure about that. Look at Microsoft and Google yesterday. Both posted less than good earnings, and yet up nicely this morning. 
Not sure where Chipolte Mexican grill is this morning but same thing. After hours up over 5%.

i think you are cherry picking.  i am not talking about the weekly stock picks.  i am talking about investments.  MSFT is -20% YTD.  so is GOOG.

meanwhile, UNG is +150%, DBC is +20%.
until about a month ago, grains were also +20%,
but they got taken down a notch in mid-June and are now BARELY higher.

Well, it does work both ways. MSFT at a 30% discount can be a bargain four years feom now. GOOG is not going anywhere either. I follow the commodities but if you think the big boys run stocks up and down, it is nothing compared to commodity trading. Need tight stops and constant monitoring  to stay even, alommost a full time job and not for feint of heart

[djAdvocate]

Jul 27, 2022 14:47:41 GMT -5 Value Buy said:

Jul 27, 2022 14:40:40 GMT -5 djAdvocate said:

i think you are cherry picking.  i am not talking about the weekly stock picks.  i am talking about investments.  MSFT is -20% YTD.  so is GOOG.

meanwhile, UNG is +150%, DBC is +20%.
until about a month ago, grains were also +20%,
but they got taken down a notch in mid-June and are now BARELY higher.

Well, it does work both ways. MSFT at a 30% discount can be a bargain four years feom now. GOOG is not going anywhere either. I follow the commodities but if you think the big boys run stocks up and down, it is nothing compared to commodity trading. Need tight stops and constant monitoring  to stay even, alommost a full time job and not for feint of heart

four years from now is past the capitulation point.  sometimes i think you just like to argue, VB.  

i am not talking about long term investments EITHER, for the record.  i am talking about investing in a cyclic bear market.  

but fine.  do whatever you like.  i am sick of losing money in this market.

edit: once the market capitulates, GOOG and MSFT will be lower, and commodities will be higher.  you could buy MORE of those investments at that point, if you play it right.  but your choice.  DCA until the cows come home, i guess.

[clarkrl2]

clarkrl2 is back on top as the race moves past halfway. The benchmark is second and Value Buy third.

Player	L or S	Symbol	$ Open	$ Close	% Close
clarkrl2	L	RDN	$21.5300	$21.9200	1.81%
BenchMark	L	QQQ	$302.0200	$306.8100	1.59%
Value Buy	L	PFE	$51.3400	$51.9500	1.19%
uncle.23	L	TSLA	$816.6500	$824.4600	0.96%
djADVOCATE	L	COW	$38.7300	$39.0000	0.70%
kadee77	L	MULN	$1.0200	$0.8690	-14.80%

 

[djAdvocate]

omg!  four of you are within 1%!!!!
LOL!
i think the market will go down tomorrow.  the Fed news really was not very good.  that was a "relief" rally, imo.

on a brighter note: the Dow support level of 30k seems to have held for a bit now.  

[Value Buy]

Jul 27, 2022 20:01:57 GMT -5 djAdvocate said:

omg!  four of you are within 1%!!!!
LOL!
i think the market will go down tomorrow.  the Fed news really was not very good.  that was a "relief" rally, imo.

on a brighter note: the Dow support level of 30k seems to have held for a bit now.  

Powell did what I wouold call Goldilocks question and answer after the rate hike.
He looked like he was trying to save the stock market while insisting they will slay inflation.
Cannot do both, but I thought he was at least more honest in his responses than in previous marks

[kadee79]

Jul 27, 2022 7:49:42 GMT -5 Value Buy said:

Jul 26, 2022 20:09:33 GMT -5 kadee79 said:

And Kadee is on the bottom...it really dropped out for me. 

Look at it this way. You have no where to go but up from here, and this stock jumps both directions every week! Better to be down after two days, so three days to recover.

I went down further today.  It would be a good time to buy this stock if so inclined.  

[clarkrl2]

uncle23 takes over the lead with one day to go. clarkrl2 is a quarter length back and the benchmark third.

Player	L or S	Symbol	$ Open	$ Close	% Close
uncle.23	L	TSLA	$816.6500	$842.7000	3.19%
clarkrl2	L	RDN	$21.5300	$22.1600	2.93%
BenchMark	L	QQQ	$302.0200	$309.8100	2.58%
djADVOCATE	L	COW	$38.7300	$38.7000	-0.08%
Value Buy	L	PFE	$51.3400	$50.7200	-1.21%
kadee77	L	MULN	$1.0200	$0.8052	-21.06%

 

[kadee79]

And an even better buy today....I need to see if I have any free cash in my acct.

[Value Buy]

Can anyone explain why my horse falls on the track after reporting record revenue, record profit and announces a new round of purchases of covid vaccine from the government? Their quarterly report was as good as it gets and their forward guidance was good too.
This stock does not move much in the first place and yet is down two days in a row?

[djAdvocate]

people are selling into good news.  i hate it.

[clarkrl2]

uncle23 had a big finish to win this week's championship. The benchmark is second and clarkrl2 third.

Player	L or S	Symbol	$ Open	$ Close	% Close
uncle.23	L	TSLA	$816.6500	$891.4500	9.16%
BenchMark	L	QQQ	$302.0200	$315.4600	4.45%
clarkrl2	L	RDN	$21.5300	$22.3700	3.90%
djADVOCATE	L	COW	$38.7300	$38.9700	0.62%
Value Buy	L	PFE	$51.3400	$50.5100	-1.62%
kadee77	L	MULN	$1.0200	$0.7927	-22.28%

 

[clarkrl2]

2022	results
Name	Return	Games	Win	Place	Show	>Bench	points	ppg
Value Buy	1.68	26	6	6	2	14	46	1.77
djADVOCATE	1.15	29	6	4	4	14	44	1.52
kadee77	0.90	29	6	6	1	14	45	1.55
BenchMark	-0.31	30	1	3	10	0	19	0.63
clarkrl2	-0.74	30	2	5	5	14	35	1.17
Mod E	-1.50	20	1	4	2	11	24	1.20
Ombud	-1.77	7	3	1	0	4	15	2.14
uncle.23	-3.58	30	5	1	6	17	40	1.33

Lifetime	results
Name	Return	Games	Win	Place	Show	>Bench	points	ppg
bimetalaupt	2.78	4	1	0	0	1	4	1.00
m2w	1.15	8	2	1	0	3	11	1.38
djADVOCATE	1.01	85	12	11	11	33	102	1.20
damnotagain	0.83	20	2	3	3	10	25	1.25
Value Buy	0.62	224	45	21	22	104	303	1.35
BenchMark	0.34	448	21	55	99	0	496	1.11
2kids10horses	0.33	10	0	2	1	4	9	0.90
kadee77	0.32	432	80	64	37	189	594	1.38
Mod E	0.31	429	58	73	64	214	598	1.39
Ombud	0.24	118	12	12	18	60	138	1.17
clarkrl2	0.00	448	52	63	73	211	566	1.26
architecto25	-0.30	400	82	46	39	176	553	1.38
tyfighter3	-0.53	108	11	4	17	40	98	0.91
Bluerobin	-0.66	6	2	0	0	3	9	1.50
uncle.23	-1.03	447	63	83	48	196	599	1.34
D. I.	-1.84	102	4	11	11	51	96	0.94
alliesmom	-6.82	2	0	0	0	1	1	0.50