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Post by kathiel on Sept 19, 2023 0:36:23 GMT
I have some cash sitting in my Roth. Last year, I bought small amounts of a few growth stocks: Alphabet, Amazon, Microsoft and Tesla. So I want to buy more shares of one of those. If you have another favorite growth stock, I'm willing to consider other options. (except for Apple - I already have lots of Apple!)
I've made money on all of those stocks. Microsoft has gone up the most.
Suggestions?
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Post by liftlock on Sept 20, 2023 20:48:09 GMT
I have some cash sitting in my Roth. Last year, I bought small amounts of a few growth stocks: Alphabet, Amazon, Microsoft and Tesla. So I want to buy more shares of one of those. If you have another favorite growth stock, I'm willing to consider other options. (except for Apple - I already have lots of Apple!) I've made money on all of those stocks. Microsoft has gone up the most. Suggestions? SWAV - Shockwave Medical looks promising to me. This is a smaller company with a useful non-invasive device for treating coronary artery disease. Revenues and profits are growing nicely with lots or room to run. Stock price has corrected nicely and it looks like a decent time to buy. Stock closed today at $204.07 a share. I have placed a buy limit order at $200 per share with 4 more buy limit orders scaling down to $180 per share.
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Post by uncleharley on Sept 20, 2023 21:04:20 GMT
This tired old investor has decided he does not have the ability to pick which tech stock or stocks are going to fly. I learned that back in the '90s when the internet became the rage. Consequently, I like the Qs for that slot. If I feel like I need the added return that one of the hot ones promises, I simply go to the leveraged Qs. Long or short, depends on the market. I am not advocating that anyone else should do what I do, I am just posting what works for me in that area.
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Post by kathiel on Sept 22, 2023 0:26:03 GMT
I'm still sitting on the cash in my Roth, and watching the big tech stocks drift down. As I mentioned, MSFT has gone up the most since I bought those stocks, but AMZN is a close second. I put in a limit order for some MSFT and may put in a limit order for some AMZN when I collect some more dividends in that account.
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Post by kathiel on Sept 22, 2023 18:54:53 GMT
Thanks for the suggestion, liftlock, I need to duo some more reading about that one.
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Post by kathiel on Sept 25, 2023 15:37:27 GMT
My limit order for MSFT executed on Friday.
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Post by kathiel on Nov 21, 2023 18:13:25 GMT
I now have even more cash in my Roth. Part of this is due to more dividends coming in, but I also sold Tesla. Elon Musk's behavior has never been good but his recent antisemitic posts crossed the line, IMO.
I recently bought some ARM in my taxable account - for less than the IPO price. It's now up more than $10 a share.
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Post by bb2 on Dec 5, 2023 20:27:22 GMT
Re SWAV, ya got me curious and after some work, I'd need to talk to a surgeon for more information. Chart is bad. Slowing sales. There is competition in IVL, (see Fastwave for one, privately held and the big guys are working on this?). Buyout play isn't anything I'm into and recent developments might suggest SWAV isn't interested, which could be a good sign. I read something that seemed to throw a little shade on the story you get from SWAV and other web pages, suggesting the practical use isn't as straight forward as suggested, ie, often used in conjuction with other treatments? It wasn't clear. Have not read the annual yet.
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Post by uncleharley on Dec 6, 2023 2:20:31 GMT
IBM has been working for me.
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Post by bb2 on Dec 7, 2023 2:17:42 GMT
Tractor Supply
Has been a good company and continues to be solid. Growth, maybe not.
Sales 2020-2021 +20%, 21-22 +12%, 22-23 +3% Earnings estimate revision score is 28 analysts downward, 1 up. Is the gentleman farmer getting tired? Diluted EPS for 2023 estimated to be 10-10.10, after a 2022 number of 9.71, diff of 3.5%. TSCO got a post pandemic pop, as have so many that might need to delfate some. $170 seems about right to me.
From Q4 2023 call on 10-26-2023 "Implied in our outlook is for fourth quarter comp store sales to be down low to mid-single digits. As Hal mentioned, we anticipate continued discerning consumer spending and unfavorable compares relating to weather as we experience the ongoing El Nino pattern, combined with the cycling of last year's monumental winter storm, which drove 200 basis points of favorable impact on comps." "We anticipate continued strength in our core year-round categories, yet the softness in demand for seasonal and discretionary will continue to limit the top side on our performance. As a reminder, we are also lapping the 53rd week, which included an extra week of sales in the prior year, contributing approximately $225 million to top line sales and $0.16 of diluted earnings per share."
Not my kind of dividend, (too little), even if it is growing. Buybacks were upped significantly recently, so at least management thinks it's a decent buy - but I've not quite figured out what message a buyback sends. There is some indication thet TSCO is fairly smart about buybacks. (I hate them, generally, because the buys are so poor usually. Just give me the cash.)
I checked the demographics for exurbia and rural US and it's no tsunami of population.
Might get interested at $170 but not really. Has been a good buy though over the years. Was one of the big names in the media some years ago and continues to have some popularity there. (See Jim Cramer.)
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Post by kathiel on Dec 7, 2023 22:18:46 GMT
steelpony10, I do remember you recommending Tractor Supply quite some time ago. But the dividend isn't high enough for my income portfolio, nor is the growth high enough for my Roth. I do appreciate you making recommendations for stocks I wouldn't otherwise consider. My recent "adventuresome" purchase was ARM, which has done rather well.
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Post by kathiel on Dec 9, 2023 18:59:37 GMT
steelpony10 , I'm not looking for short-term gains, though if they come, that's ok. In my rollover IRA, I'm focused on income via dividends. In my Roth, I'm now trying to buy some growth-ier stocks. I still have dividend payers there, but any new stocks I'm buying I'm leaning more towdrd growth. I'm not withdrawing from my Roth at this point, but I am taking RMDs from my Rollover IRA. Some time ago I mentioned that I had purchased a few shares of Alphabet, Amazon, Microsoft and Tesla in my Roth. I sold the Tesla - just couldn't tolerate Elon Musk any longer. In the year+ since I made that purchase, Microsoft and Amazon are up about 25%, Alphabet is up 5%. I bought some ARM in my taxable account. I think it has potential to be another Nvidia. So far, it's up 37% in 6 weeks. I thought you might recommend I buy some more Amazon, as I know you have a bundle.
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Post by liftlock on Feb 7, 2024 20:03:31 GMT
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Post by kathiel on Feb 8, 2024 14:48:12 GMT
The ARM I bought has gone WAY up! I wish I had the money to buy it in my Roth. I bought it for under $50 a share, this morning it is over $105. This just since October!
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marg
Ensign
Posts: 38
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Post by marg on Feb 8, 2024 14:55:29 GMT
kathiel,Wow! Is it too late to get in? I was gonna buy at 77.00 ?
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Post by yogibearbull on Feb 8, 2024 15:06:19 GMT
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marg
Ensign
Posts: 38
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Post by marg on Feb 8, 2024 15:15:42 GMT
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Post by kathiel on Feb 8, 2024 18:45:54 GMT
yogibearbull, I was aware that SoftBank still owned the majority of ARM, I wasn't aware that they still owned 90%. And thanks or the info on the lockup period. When I checked the price a few minutes ago, it was at $119.
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Post by kathiel on Feb 13, 2024 1:23:33 GMT
Wow! ARM just keeps going up! Up another 30% today, at $148.
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Post by liftlock on Feb 17, 2024 4:22:34 GMT
SWAV - ShockWave Medical closed at $262.66 per share today, up 11% on a strong Q4 earnings report. They are projecting a 25% - 27% revenue growth for 2024 with gross margins of 87%. I continue to like the stock. Q4- 2023 Financial report attached.
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Post by kathiel on Feb 17, 2024 17:46:14 GMT
liftlock, SWAV looks well worth considering.
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Post by uncleharley on Feb 22, 2024 17:17:46 GMT
I know ETFs are not stocks, but they trade like stocks and TQQQ is up 7.3% so far today and the price is rising.
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Post by kathiel on Feb 23, 2024 19:12:07 GMT
Thanks, uncleharley, but I'm going to stick with individual stocks for now. I opened a position in Amgen last week.
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Post by liftlock on Apr 5, 2024 12:09:24 GMT
SWAV - ShockWave Medical is being acquired by Johnson and Johnson for $335 per share in cash, bringing that growth stock idea to an end.
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Post by kathiel on Apr 6, 2024 0:02:39 GMT
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Post by howaya on Apr 6, 2024 0:39:20 GMT
A few hours ago anitya mentioned buying some RIVN on the Buy, Sell, Why forum. I have been watching the stock long enough to see it go from 12 to over 25 and then drop back to 12 again. I was itching to buy at 12, thinking it was way undervalued, but typical fear and self-doubt about my due diligence kept me from acting. It is now around 10 but for unknown reasons I am not that interested. Go figure. ROKU is another iffy but seemingly oversold position of interest. A fair bit of bad press about the competitive environment is swirling around, and yet average analyst consensus expects a 42% upside over a year's time. I just don't know why its agnostic business model and decent membership growth haven't rewarded investors, and so I continue to just watch. Apart from just looking, I moved on from AMGN quite a while ago and replaced it with CSL; that turned out to be a good decision. I continue to hold QCOM (20 months now) yet it hasn't moved as much as analysts were expecting; that may mean it is still a worthwhile consideration if you have some extra cash.
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Post by liftlock on Apr 6, 2024 15:18:15 GMT
liftlock , I hop you had a bundle of it! I started buying shares of SWAV in the low $200's when it looked like a bottom was in. Then I got lucky when the stock price started dropping to a recent low. It gave me an opportunity to pyramid down, buying an increasing number of shares as the stock price declined in $5.00 increments. My lowest buy was at $167 per share. By then I had allocated about 5% of my T-IRA and Roth IRA to SWAV. Added a few more shares as it rose above $200s per share. I am sitting on a 75% gain in 6 months time which represents about 1 years RMD for me. Wish I could say I had this much luck on all of my other investments. I have 7 positions in my Roth IRA with declines of 50% or more. I continue to hold them because the stocks are cheap. 4 were purchased by a former financial adviser and the other 3 are my own doing. Pyramiding Up would have avoided some of the losses on these underwater positions.
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Post by bb2 on Apr 17, 2024 19:05:41 GMT
Hey liftlock, why did you like swav enough to buy? I looked into their product, spent a couple hours, and didn't come away with enough information to have enough confidence for a buy. My thought was that I needed to talk to a surgeon, someone who really knew about the tech; information beyond what I was finding on the web. The only heart surgeon I know is retired and I don't see him that often.
BTW, concerning RIVN, I see a fair number of Rivians around my area, FWIW. Not much. 8 handle now.
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Post by liftlock on Apr 17, 2024 21:19:58 GMT
Hey liftlock, why did you like swav enough to buy? I looked into their product, spent a couple hours, and didn't come away with enough information to have enough confidence for a buy. My thought was that I needed to talk to a surgeon, someone who really knew about the tech; information beyond what I was finding on the web. The only heart surgeon I know is retired and I don't see him that often. BTW, concerning RIVN, I see a fair number of Rivians around my area, FWIW. Not much. 8 handle now. There were multiple factors: SWAV had a growing pattern of sales, suggesting a growing market acceptance for their product lines. Their products appeared to provide a medical benefit for a growing aging population. Their investor updates indicated plans to grow revenues 20-25% per year which seemed reasonable since they were well below recent growth trends. The company is relatively small which gives them ample room to rapidly grow. Revenues had been recently impaired due short term delays in insurance reimbursement which caused the stock price to decline. The stock priced had corrected substantially and appeared to be bottoming at $200 per share where the valuations looked reasonable relative to their potential growth rate. SWAW was being led by a former senior executive of a major medical device company. SWAV had no debt and a strong cash balance which meant they did not have to borrow to fund operations or expansion plans. The company had gross margins approaching 80% which allows profits to rapidly flow to the bottom line as sales grow faster than fixed operating costs. I have noticed more of Rivian's beautiful trucks around here in northern NJ this past year. I have not looked at Rivian as a potential investment. I imagine their gross margins are poor and the nature of their business will require substantial ongoing capital investments. That combination does not appeal to me for a start up operation. On the positive side, I believe they are financially backed by Amazon. Validea.com ranks Rivian among the bottom 5% of all stocks based on multiple factor ratings.
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Post by richardsok on Apr 20, 2024 18:54:42 GMT
IIPR
If memory serves, sometime back someone mentioned they own this stock. I forget who. Anyway I came across an article about it which might be of interest. FWIW, here is a brief excerpt:
".....Innovative Industrial has been able to buy greenhouses and cultivation facilities and then rent them out to marijuana farmers at high prices, serving in effect as a sort of specialty high-yield financing facility to the marijuana industry.
What’s the issue with this business model? It turns out marijuana has been much less profitable than analysts had expected. Many American marijuana firms have generated substantial losses over time.
This will make it harder and harder for Innovative Industrial’s tenants to stay current on their rent payments. In fact, we’ve already seen some of their tenants fail to pay on time. Secondly, if and when there is progress on the decriminalization of cannabis at a federal level, farmers could get financing from banks directly. This would greatly reduce the need for Innovative Industrial’s services.
Simply put, the company faces both near-term risk if tenants can’t pay rent and longer-term risk that their business model becomes obsolete. For those reasons, short sellers are taking aim at IIPR stock....."
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