Is the stock market going to tank?

[heckacali]

Wow +83% atm. Fuuu. Hope some mags made bank.

[LeeLau]

Holding strong here...

Same. Long stock. Long calls. Closed out covered calls at 26 and letting it run

[sirbumpsalot]

POWW

[Name Redacted]

ABNB up over 10%. I guess banning trumpsters from DC didn’t hurt em. Haha

[pureantigravity]

What is the current state of lawsuits for debts and arrears like in the US? Is there a proper name for that?

Also, does anyone have thoughts on McDonald's current share price of $212.28 (ignoring dividends)?

Fundamentals:
Earnings Per Share (TTM) 6.32
Revenue Growth YoY 0.24%
Profit Margin 28.59%
5-Year Avg. Revenue Growth -5.14%
5-Year Avg. Profit Growth 4.84%
Price/Earnings (TTM) 33.90
Price/Earnings (Forward) 21.51

Return on Common Equity -53.62%
Return-on-Assets (Before Tax) 15.83%

[brutah]

POWW

I've been watching bullet and gun stocks since the presidental election. Wish I would have jumped on this one last week, but RGR and VSTO have been treating me well since I bought them before the election. Now it's trying to determine the ceiling to cash out, luckily I only see gun sales going up in the coming months.

[sirbumpsalot]

I've been watching bullet and gun stocks since the presidental election. Wish I would have jumped on this one last week, but RGR and VSTO have been treating me well since I bought them before the election. Now it's trying to determine the ceiling to cash out, luckily I only see gun sales going up in the coming months.

I debated on VSTO, but didn't like the the full retail mix. Luckily I found POWW, a pure play was exactly what I was looking for.

Like you I worry about a ceiling....its harder in these RobinHood times. Best to play the dribble in - dribble out method.

[Ireallyliketoski2]

As far as picking the ceiling, that is difficult, if not impossible, setting target sell points or trailing stops can help with that decision, knowing when to sell, both on the gains and losses is emotional, best to remove the emotion, set it and forget it.

As far as dribble in dribble out, I like doing some active trading (1 week to 1 year) in tax deferred accounts and buy and hold strategy in taxable accounts, tracking the performance year over year between the accounts is fun. Interestingly my active dribbling accounts (139%) are crushing the buy and holds (55%) over the past year.

[sirbumpsalot]

As far as picking the ceiling, that is difficult, if not impossible, setting target sell points or trailing stops can help with that decision, knowing when to sell, both on the gains and losses is emotional, best to remove the emotion, set it and forget it.

As far as dribble in dribble out, I like doing some active trading (1 week to 1 year) in tax deferred accounts and buy and hold strategy in taxable accounts, tracking the performance year over year between the accounts is fun. Interestingly my active dribbling accounts (139%) are crushing the buy and holds (55%) over the past year.

I was referring to this particular stock. Based on fundamentals and realistic sales its well past any real 1yr outlook ceiling....however in this current climate there can be much much more to be gained thanks to the robinHood/gamblers/throw money at anything crowd.

[rod9301]

What is the current state of lawsuits for debts and arrears like in the US? Is there a proper name for that?

Also, does anyone have thoughts on McDonald's current share price of $212.28 (ignoring dividends)?

Fundamentals:
Earnings Per Share (TTM) 6.32
Revenue Growth YoY 0.24%
Profit Margin 28.59%
5-Year Avg. Revenue Growth -5.14%
5-Year Avg. Profit Growth 4.84%
Price/Earnings (TTM) 33.90
Price/Earnings (Forward) 21.51

Return on Common Equity -53.62%
Return-on-Assets (Before Tax) 15.83%

Pe 39 and you're asking?
Wait till it guess down 50 percent.

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[rod9301]

Sorry, i meant 34.

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[brutah]

I debated on VSTO, but didn't like the the full retail mix. Luckily I found POWW, a pure play was exactly what I was looking for.

Like you I worry about a ceiling....its harder in these RobinHood times. Best to play the dribble in - dribble out method.

I agree there is a lot of volatility with VSTO. but betting on guns as a democrat takes office was too easy not to jump on it. Plus it seems like it has room to grow according to its 5 yr chart...........

But I'll also be completely honest, I have no idea what I'm doing and I realize everyone looks like a smart investor in this bull market. I'm not actually gonna wait for it to hit the ceiling, it's mainly deciding when to cash out. I feel like I've learned a lot from this thread so I appreciate the open discussion.

[Ireallyliketoski2]

I was referring to this particular stock. Based on fundamentals and realistic sales its well past any real 1yr outlook ceiling....however in this current climate there can be much much more to be gained thanks to the robinHood/gamblers/throw money at anything crowd.

You got that right, rational investing on fundamentals isn't really a thing any more, the stock market is nothing more than a casino at this point, so maybe for something like POOWW set a 20% trailing stop, assuming you're up about 300% right now if bought in Nov, and just see what happens.

[BobMc]

Looks like POWW is a company that loses money on everything they make but they make up for it in volume, heh. How can you make ammo for that long, grow revenue every year and lose money every year? It looks like purely a momentum play, be careful there.

As I’ve never dabbled in stocks till this year I’d not looked into the tax situations of it, I’ve just been having fun buying stuff. Never knew about the long term capital gains thing, hold onto a stock for a year and pay no taxes on profit? No wonder the rich get richer.

[sirbumpsalot]

Looks like POWW is a company that loses money on everything they make but they make up for it in volume, heh. How can you make ammo for that long, grow revenue every year and lose money every year? It looks like purely a momentum play, be careful there.

As I’ve never dabbled in stocks till this year I’d not looked into the tax situations of it, I’ve just been having fun buying stuff. Never knew about the long term capital gains thing, hold onto a stock for a year and pay no taxes on profit? No wonder the rich get richer.

I don't know what country you live in but we here in the US pay 15-20% federal plus full state taxes (in some states thats 10-11%) on long term cap gains.

[BobMc]

I don't know what country you live in but we here in the US pay 15-20% federal plus full state taxes (in some states thats 10-11%) on long term cap gains.

Yeah, I read how much I would pay, 0%, my bad. Regardless, paying 20% to make money on money seems cheaper than 35 to 37% for income made.

[pureantigravity]

Sorry, i meant 34.

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I'm not sure how that relates at the moment. I haven't looked at others in the same industry (homework needs to be done!).
However, that's just a number at this point when I see so many companies all over the board. Vails PE is 249. Amazon's is 92. Apple is 39. Visa is 48. Starbucks 90. Wendy's is 46. A lot of these are covid affected too - meaning that McDonald's P/E has gone up since earnings are down a bit due to covid.

Some industry comparisons here:
https://www.macrotrends.net/stocks/c...nalds/pe-ratio

PE Ratio Range, Past 5 Years
Minimum 17.40 Mar 23 2020
Maximum 35.63 Sep 16 2020
Average 25.66

I'm looking for long term holds. McDonalds being a progressive, well run company that has show leadership in their brand and good results comparatively in spite of COVID.

I'd be interested to hear anyone's thoughts about this. I'd like to go with McDonalds but only after setting a share price target.

[BobMc]

I'm not sure how that relates at the moment. I haven't looked at others in the same industry (homework needs to be done!).
However, that's just a number at this point when I see so many companies all over the board. Vails PE is 249. Amazon's is 92. Apple is 39. Visa is 48. Starbucks 90. Wendy's is 46. A lot of these are covid affected too - meaning that McDonald's P/E has gone up since earnings are down a bit due to covid.

Some industry comparisons here:
https://www.macrotrends.net/stocks/c...nalds/pe-ratio

PE Ratio Range, Past 5 Years
Minimum17.40Mar 23 2020
Maximum35.63Sep 16 2020
Average25.66

I'm looking for long term holds. McDonalds being a progressive, well run company that has show leadership in their brand and good results comparatively in spite of COVID.

I'd be interested to hear anyone's thoughts about this. I'd like to go with McDonalds but only after setting a share price target.

There’s been a couple upgrades recently from neutral to overweight. Seen two price targets of $240. 2.44% dividend yield, won’t multiply into a lot of shares yearly but decent money.

They’ve got some new menu items coming on, including a new entry into the chicken sandwich war.

I’d say you’d be pretty safe with that. Take a look at the all time (max) share price graph on google, that looks like a good trend to be on.

[californiagrown]

If i am building a stock portfolio heavy on dividend stocks (with DRIP), is there a reason i should be doing this as an IRA instead of a normal account? Im not taxed until i sell stuff right? so i don't really see the benefit of having dividend stocks i plan to keep and grow forever in an IRA. I totally see the benefit of having an IRA for short sale stocks, but not really for long dividend?

I have a fully funded and employer matched 401k, and will be opening up an IRA account in the next month, i have just been taking the last 6 months to get my feet wet in managing my own account.

[Toadman]

XOM showing a heart beat again.

[LeeLau]

If i am building a stock portfolio heavy on dividend stocks (with DRIP), is there a reason i should be doing this as an IRA instead of a normal account? Im not taxed until i sell stuff right? so i don't really see the benefit of having dividend stocks i plan to keep and grow forever in an IRA. I totally see the benefit of having an IRA for short sale stocks, but not really for long dividend?

I have a fully funded and employer matched 401k, and will be opening up an IRA account in the next month, i have just been taking the last 6 months to get my feet wet in managing my own account.

Benefit is you can sell covered calls on the dividend stocks as part of the wheel strategy and be more aggressive as you don't mind assignment. On assignment all you'd do is repurchase the assigned shares.

[LeeLau]

DASH squeezing. Glad I took the loss and moved on.

Sold Jan 15 GME CCs. Getting impressive premium on shortly expiring calls.

Did the same to RIOT.

Both are returning 3% on 2 day expirations on .2 delta calls

[dschane]

I have a fully funded and employer matched 401k, and will be opening up an IRA account in the next month, i have just been taking the last 6 months to get my feet wet in managing my own account.

Depending on how much you make, you may not be eligible for a Roth IRA. You also may not be able to deduct the contributions to a traditional IRA given the contributions you're making to a 401K. I would figure both of those out.

If you can contribute to a Roth IRA and don't plan to access the money for a while, I would definitely do that so growth and distributions are tax free.

And, if you buy dividend-paying stocks in a regular brokerage account, you will be taxed on dividends. May be a tiny amount, but just fyi.

[CovertM]

DASH squeezing. Glad I took the loss and moved on.

Sold Jan 15 GME CCs. Getting impressive premium on shortly expiring calls.

Did the same to RIOT.

Both are returning 3% on 2 day expirations on .2 delta calls

Still long GME shares? I've doubled my $ and expect a draw back soon. Still see long term potential, holding strong for now.

[californiagrown]

And, if you buy dividend-paying stocks in a regular brokerage account, you will be taxed on dividends. May be a tiny amount, but just fyi.

Did not know this. I thought that since i never technically recieved profit (because they are enrolled in DRIP) i wouldnt be taxed on them. Good to know, thanks.