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Thu Feb 27, 2020, 12:35 PM

 

What stocks are doing WELL today?


NetFlix is up.

Clorox is up.


Kind of telling.

I wouldn't be surprised if attendance at baseball games goes way down this spring.

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Reply What stocks are doing WELL today? (Original post)
AGeddy Feb 2020 OP
patricia92243 Feb 2020 #1
padah513 Feb 2020 #2
Apollo Zeus Feb 2020 #3
Pachamama Feb 2020 #4

Response to AGeddy (Original post)

Thu Feb 27, 2020, 12:48 PM

1. I can't imagine anybody taking a cruise now.

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Response to AGeddy (Original post)

Thu Feb 27, 2020, 12:53 PM

2. Yes

If that virus starts popping up all over the place, I think attendance everywhere for everything is going to go down. I hope and pray that they come up with a workable vaccine soon.

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Response to AGeddy (Original post)

Thu Feb 27, 2020, 12:54 PM

3. I wouldn't go near Netflix stock

93x earnings ?! and they just lost Disney content and 3 other streaming services are launching between now and June...no thanks.

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Response to AGeddy (Original post)

Thu Feb 27, 2020, 01:00 PM

4. Strangely, many stocks that are normally seen as safe havens during times stocks are down are NOT

....going up and are instead going down too...

Not surprised about Clorox...

Its a very worrisome sign and furthermore, while Netflix may be up, and makes sense since more people will be home and streaming, but the flip side is that those companies have to meet the demand and costs of infrastructure to meet that increase in streaming demand, so this stock could go up and down a lot.

I sold a bid percentage of my stocks yesterday in my investment and retirement portfolio. I think its going to get really ugly and rocky for awhile and I wanted to cash out and park it while I watch things go down. Although I kept shares in KO (Coca Cola) and MSFT (Microsoft) that I have had for a long time and are at low purchase prices not even close to where the pricing is now (and they pay dividends), I just am watching things and don't feel so confident....not even in the gold mining stocks that are down as well and normally would be way up.

Tourism and economies dependent on tourism are going to get crushed. Watch medical closely. Part of the problem is how much is manufactured in China.

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