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Sold second part of byback $218 following target note.
215 to 218 = 2%
25 Analysts expect the price to increase by 11% to 236.
Thank God I did as sold half of the last buy *$215 ( 189 to 215 = 14% )
22/12/2022 "so decided to buy yesterdays first sale back at *$189 "
Analysts expect the price to increase by 8% from yesterdays 206 to 224
24 analysts from global investment banks and brokerage houses are currently rating the stock.
I saw this yesterday as USA plunged 3% , dated *28 November nearly one month ago.
It was a good idea to place trades by hindsight close.
A U.S. recession induced by central-bank efforts to curb inflation is likely to arrive by mid-2023 and trigger a sharp and “temporarily painful” decline in equities, according to... *Deutsche Bank researchers.
“We see major stock markets plunging 25% from levels somewhat above today’s when the U.S. recession hits, but then recovering fully by year-end 2023, assuming the recession lasts only several quarters,” said David Folkerts-Landau, group chief economist and global head of research, and Peter Hooper, global head of economic research.
In a note released on Monday, the researchers cited persistently high wage and price inflation in the U.S. and Europe driven by robust demand, tight labor markets, and supply shocks for their thinking. Based on the historical record of several major industrial countries since the 1960s, any time trending inflation has declined by 2 percentage points or more, such a decline has been accompanied or induced by a rise in unemployment of at least 2 percentage points. Currently, they estimated, inflation trends in the U.S. and Europe are running around 4 points above desired levels.
Deutsche Bank DB, -0.62% isn’t alone in its thinking. In July, legendary investor Jeremy Grantham warned that stocks could plunge 25% as the “superbubble” continues to pop. In August, Citi research analyst Christopher Danley wrote that chip stocks could drop by that magnitude as investors enter “the worst semiconductor downturn in a decade.” And earlier this month, a team of analysts at Morgan Stanley MS, -0.58% analysts led by Mike Wilson implied that the S&P 500
SPX, -1.45% could see further downside of up to 25% if a recession hits.
A downturn may already be under way in Germany, where Deutsche Bank is based, and in the eurozone as a result of the energy shock triggered by Russia’s invasion of Ukraine, the Deutsche Bank researchers said. Meanwhile, the Fed and European Central Bank are “absolutely committed” to bringing inflation down in the next several years, and “it will not be possible to do so without at least moderate economic downturns in the U.S. and Europe, and significant increases in unemployment.”
“The good news is that we also think the Fed and ECB will succeed in their
missions as they stick to their guns in the face of what is likely to be withering public opposition as unemployment mounts,” Folkerts-Landau and Hooper wrote. “Doing so now will also set the stage for a more sustainable economic and financial recovery into 2024.”
More share sales went through elsewhere so decided to buy yesterdays first sale back at *$189 ( Just $1 cheaper ) lifted just before 5pm it fell to $186 by 6pm .
Yesterday high was $196 ( 5.4% higher )
With expenses this buy was a tiny bit more expensive then yesterdays sale at *$190 .
No idea why so volatile last two days , they fell to $186
Sold two tranches first a open ( set before ) at $190 then after seeing the e-mail at 2.50pm ( 20 min gap ) at $192 set quickly in Santander . ( they hit $196 by 5pm )
Margin looking low again today and want to raise cash for 11/1/2023 large due payment . ( Set 16 sell orders placed )
Sold that traunch back again for $178 , although a higher price then 10th November below.,less cash raised .
Good job I moved the order up from $177 two days ago to the $178
Fx rate a worse 1.2101 ( 10th November Fx 1.661 )
Got the sold tranche of 8 days ago back for $172.5 Fx was 1.1886 not as good as 1 hour ago when I bought Coinbase back . But pound is much stronger this week , but not as good as the Fx of 1.2176 on 12th May 2022 when I got a Birthday buy at $122 .
The buy bringing me near the booked monthly money .
Sold just after 3pm today for $176.28
USA 500 up 4.5% I noticed at 5pm USA tec 100 up 6.5% .
" interesting. to see *how ( not *who ) that works out" I posted the day after my Birthday last buy here .
( nice late present six months later ) order was on yesterday for $173 , no wonder it opened $3 higher , the mid terms yesterday not going Trumps way, must of been liked by the markets .
This share went a bit lower on 13/6/22 @ $118.50 and near when it dropped again 28/9/22 @ $124
A Birthday buy set on phone in St Anne's Chapel interesting. to see who that works out.
$122* 6.49pm .. Closed $123.5
$ 135 the day low $133.
So Interrupted by Geof, liping worried about huge losses WRES , CCAP & PPG .
11 USA shares bought yesterday this the last one to deal at 7.50pm ( Market must of pulled back in last hour after to close )
Topped up at $135 ,
Global stocks suffer worst day since June 2020 amid slowdown fears Wall Street’s blue-chip S&P 500 index slid 3.2 per cen
Global stocks on Monday suffered their worst one-day decline since the early months of the coronavirus pandemic in2020, as investors fret about signs of slowdowns in the world’s large economies at a time when central banks are reining in crisis-era stimulus measures.
The FTSE All-World barometer of global equities dropped 3 per cent, its sharpest fall since June 2020, and hit its lowest level since December 2020.
Worries over rising rates have been compounded by indications that growth in big global economies could be slowing. Chinese export growth fell to its lowest level in two years last month, according to data released on Monday, which followed reports last week pointing to slowdowns in the German and French manufacturing sectors.
Wall Street’s blue-chip S&P 500 index slid 3.2 per cent and the tech-focused Nasdaq Composite dropped 4.3 per cent. Europe’s regional Stoxx 600 index fell 2.9 per cent, while China’s CSI 300 fell 0.8 per cent and Tokyo’s Topix fell 2 per cent.
“It’s difficult to say if everything is low enough and bearish enough,” said Joost van Leenders, equity strategist at Kempen Capital Management, adding that investors no longer expected the Fed to prioritise stabilising financial markets, as it did during the start of the coronavirus pandemic.
Brent crude, the international oil benchmark, dropped almost 6 per cent to $105.94 a barrel, reflecting concerns about weaker demand.
Natural gas futures fell even more steeply than crude oil, with the Henry Hub front-month contract down more than 12 per cent in the US afternoon, to just over $7 per million British thermal units.
Analysts said forecasts for warmer-than-expected weather in the US and another hefty injection into storage were partly behind the sell-off, which came after Henry Hub hit a 14-year high last week.
The Fed last week lifted its main interest rate by 0.5 percentage points, and signalled that more increases of the same magnitude were on the horizon as it attempts to cool scorching inflation.
“No one knows with any certainty if that’s enough to quell future inflation,” said Nicholas Colas, co-founder of DataT
Topped up at $145.5 , only one of four buy orders to lift this May day bank holiday .
If this is another Boeing MAX crash they are in for a very tricky few months.
Topped up at $180 one of nine USA top ups , list of them on AMYT tread.
Breaking news..
Boeing 737 max missing over Indonesia :(
I believe the Share Price will improve in the 2021 as life slowly returns to normal and the orders continue..... Just bought last week before the share price dropped but not too worried.
Hi, RBR. In short, it's all a bet on the world moving again before the lockdown puts us into a severe depression.
Are we looking at 2008-2010, or are we looking at 1929-1945? If the former, oil, airlines, mining, and Boeing are great bets. If the latter, perhaps not. It's probably going to be worse than 2008 and not as bad as 1929 (and hopefully, unlike 1929, won't end in a war). But how much worse than 2008? That's the unknown.
I'm also in PSN but I don't see that as the same. People have to have a place to live even if the economy goes in the tank long term. They might change how much social housing they make but they aren't likely to go out of business. I'm in ROR and BBOX because of how I think behaviour will change. These are not plays on the economy reaching full recovery within five years or so.
I do see oil, airlines, mining, and Boeing (thus discussing it here) as bets on a strong recovery. Thus, it does seem similar exposure to me.
Nevertheless, your point is well-taken that oil might be a safer bet than airlines and companies like Boeing, because oil could recover pretty strongly even if air travel doesn't. So maybe I need to move oil, in my thinking, from a "bet on full recovery" category to "bet on 80-90% recovery" kind of investment. Which is a pretty significant difference in my way of thinking. Because while I expect full recovery even if it takes 5 years, I'm obviously not certain of that. But my confidence in an 80-90% recovery over 5 years is much, much higher.
TMT, i'm intrigued to understand why you think a play for airlines is similar to oil. As far as i am aware aviation accounts for only 8% of global oil consumption. Betting on the world moving again (on road) is probably a more near term bet than the world moving again in the air, which would in the simplest terms mean that oil recovers faster than airlines.
Am i missing something here?
Hi, IIV. Thanks for your comment on the other board.
I know Boeing is a defence contractor as well, but they, like airlines and oil shares, are very exposed to the airline/travel industry. Didn't they take a huge hit when the 737 Max got grounded?
Seems to me that the drop right now is for the same reasons the airlines and oil companies have dropped, and that investing in Boeing right now is effectively making the same play as investing in airlines or oil -- it's a bet that the world is going to get moving again, and if that bet comes off then you've got a big winner. But if it doesn't come off, whether in Boeing, IAG, or BP, you aren't going to do very well.
That was the thought on my comment about similar exposure. It's not exactly the same thing, of course. And perhaps Boeing would be a better bet than IAG because it isn't likely to be allowed to fail by the US government.
I think there's another risk with Boeing, too. If the Democrats take the White House and Congress, defence spending will be slashed.
All that said, I'm still intrigued by the opportunity. Anyway, I'm interested in your views on the above.
Been mulling over Boeing shares for a while now. Haven't been through the balance sheet in a great deal of detail but i'm slightly concerned by the fact that they were already hampered by the 737 MAX (2.2 billion loss in in 2019?) and have growing debt (doubled in 2019).
Not an attempt to deramp, just my thoughts on what has kept me out to date - happy to listen to alternative viewpoints.
This is to open this chat for Otto, TakingTime and any other quiet Boeing investors. The SP is currently $121 per share. This is down from a 52 week high of $386. Strong Buy.
Even if this drops. The defence contracts and the start up of the US economy and world economies will see Boeing return to previous highs. One of the best companies you could buy in this downturn. Not the fastest to return to previous highs but definitely one of the strongest.
me then x
Wrong board
Well just me here cant quite say I'm an investor. But id like to say the new polices could effect the price Slippy x