Member Info for Realist1

Well, some news here but barely positive:

https://www.ft.com/content/072823b4-a048-4316-972a-af065b2d0b2d

Another Net Zero casualty.

Leave it to the algorithms.

Corry, Yes, a bit sloppy but just another point of view.

This is IG's view:

https://www.ig.com/uk/news-and-trade-ideas/_jd-sports-earnings-lookahead-240521

And despite all of this greatness, we have the highest taxes since WW2. If you look at what is coming, it can only get worse.

Perhaps another buying opportunity coming up?

Never mind what the brokers say, this is one of the best day trading stocks around. Look at the daily spreads:

https://uk.finance.yahoo.com/quote/SPX.L/history

While some may want a higher dividend, money spent on dividends is not money reinvested into the company. I own the rangebound Legal & General and every time they pay one of their (high) dividends, the share price drops by more than the dividend on the ex-div. date so I sell before then anyway.

Not moving up with the broader market, that's for sure.

Nike had three retail partners in the US, that is, Dick's Sporting Goods, JD Sports, and Hibbett. Now Nike only have two. So, unless anything changes, it could be looking good for JD in the US.

Otherwise, I think DramChart is right with his algorythem theory. It is interesting that the sudden rise in the share price did not occur until a few hours after the major buy.

Probably nothing more than some good old fashioned manipulation.

Perhaps a bit more of a drop first for those of us who want to replenish what we sold.

Significant insider buying going on. Fill yer boots.

https://www.defenseworld.net/2024/05/04/prudential-plc-lonpru-insider-anil-wadhwani-purchases-65016-shares.html

Legal & General is touted for its dividends and you can just about guarantee it will drop by more than the dividend. At least more often than not.

According to Bloomberg, 73% of every dollar shorted loses money.

This is JD's fourth major move into the US so they are not without experience in this region which is the largest sportswear market in the World. The current price is probably just a cyclical movement and may well present a buying opportunity.

I think the news does not warrant the drop today. Still, fundamentals are still good.

https://www.prudentialplc.com/en/news-and-insights/all-news/news-releases/2024/30-04-2024

In February, 2014, the share price was more or less where it is now. So, while you may get an 8.6% dividend, it is 8.6% of a non appreciating asset.