/biz/ - Business & Finance

>>18344493
Huh. I just dumped the last of my ABBV today. Don’t know about their debt and I’m betting not too many people splurging on Botox anytime soon.

Do like all the other picks though I think VZ is safer than T. Probably not going to get a retest at AMZN I think. I don’t see anyone letting me scoop it up at 1650.
That makes me angery

Gonna have to figure out my buy level for PG too.

>>18344514
>SRTY and DRV
REEEEEEEEEEEEEEEEE

>>18304136
Nah I‘m biased against NOC because it gets shilled as “value” by one of the terrible CNBC “traders”

I like LMT because they should benefit from Star Wars assuming blompf gets re-elected. I see it as likely but no longer a certainty, really depends on how many Americans die and how well Mnuchin and congress can keep Americans from having to resort to cannibalism.

Basically, space program. My concerns are:
1. Ceo just bailed out, just like Disney, MasterCard, Salesforce, and all the others who retired when they saw they had the chance to leave at the top and leave someone else to deal with the difficulty of corona-depression

2. During the global depression, it could be tough to get foreign countries to continue buying high tech choppers, jets, and ships.

3. If trump loses/Dies, his successor will be less likely to shill LMT products to foreign countries and boost US spending to the degree trump will.

4. SpaceX (and maybe blue origin, virgin galactic) are moving in on the space sector.

5. Their biggest moneymaker is the F-38 stealth fighter, and jets may be losing relevance in favor of drones. Don’t know how much they have going on for drones.

LMT isn’t exactly risk free, but it’s not like the US govt is going to stop funding defense contractors.

>>18304177
>People selling at the top 2 months ago did not sell because they thought there would be
>a complete economic shutdown due to coronavirus, an unprepared administration, irreversible economic damage, massive deaths and an overwhelmed healthcare system
That’s exactly why they sold. Anything you anticipated can be and was also discussed by people who make a lot of money to pay attention to these things. They’re good at what they do. Maybe you’re even better and will one day be hired by a major firm, it’s absolutely possible that you’re better than the professionals.

>>18304187
Absolutely based.