I sold out of 10 stocks yesterday - I'm looking at more - 12-12-23 Market Update

Dec 12, 2023

52:31

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I sold quite a few stocks yesterday as a year end rebalance/cash raise/tax strategy. I go over each one and why

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NOTES

CPI down .1% vs. unchanged estimates - good news - they probably need to reduce earlier as inflation continues down and yields are still inverted - so to get out of inversion - they need to reduce rates.

Doosh of the day - this is rich dad - he’s just a doosh

Yesterday’s market was crazy - good - but nuts - the mag 7 did not go up, but the market was up. This is good because the rally is growing from the bottom 497 stocks - bad in that my personal opinion is the market can’t support this.

Talked about HPQ yesterday with a question in the social requests -

Interesting they got an upgrade too

$ORCL earnings miss - buy it on this pullback

Many of you love shippers SBLK and EGLE - I traded them before EGLE is the big winner in this merger - I’m not a fan of shippers because they just won’t have the pricing power they had a couple years ago

$M may be worth $25/share on this bid

$PINS and $SNAP have made some solid moves recently - I do own $SNAP in my Webull “sports betting” account

Goldman names $tgt top 2024 pick - can’t say I disagree

$CSCO under $50 - good long term IMO

$dvn and $oxy upgraded - $dvn price target taken down though

All the stocks I sold yesterday

Short term

LISTED IN NEWSLETTER

UNH - I’ll buy it back cheaper - had a nice 15% gain

I will have more - I’m looking at OXY, PYPL, UBER, ULTA, XOM and XLY.

All of this is raising cash to buy more and to maximize my tax situation.

Might be time to buy PLTR again too