Morning Commentary
Markets are mixed this morning despite mostly great earnings results from some of the largest names in the market including Apple (AAPL).
Apple (AAPL)
Handsets
IPod
Mac
Wearables & Homes
China
USA
Selling of these big earnings beats is a knee-jerk reaction that I think should be ignored or bought. A lot of stocks are priced for –near term- perfection.
Tesla (TSLA)
Beat on revs, missed on EPS
EBITDA $1.85B +57%
Key production and Deliveries:
Mastercard Incorporated (MA)
GDP
Fourth quarter GDP came in at 4.0% against consensus of 4.2% and Atlanta Fed estimate of 7.0%.
The sharp decline in personal consumption should be a red flag for lawmakers dragging their feet and playing games with bills that cannot get bipartisan support.
Investors should feel good about domestic investments, including equipment and IP, and of course, the housing boom.
Portfolio Review
We added to Real Estate today.
Today’s Session
GameStop (GME) Saga
By now many of you have seen my rant about Wall Street, including most of the financial media whining about GameStop (GME).
For those that know me, and read my book Unstoppable Prosperity, you know I have long felt shorts and hedge funds have an unfair advantage over regular investors. Now, they are back on their heels.
I try to teach and practice discipline, and we have issued alerts on most of the ideas based in part on large short positions. That said, I have no idea about the top of these squeezes.
Here’s the rub…most of the shorts are still short. So these names keep getting squeezed.
It is a shame the financial media and Wall Street elites think regulators should shut down individual investors. It’s a damn crime, and if that happens, I hope there is a revolution. I would hope Main Street took all its money out of Wall Street.
That being said, contain your own greed. Be smart and be independent. There will be winners and losers. just like all the poor folks who told to load up on General Electric (GE), International Business Machines (IBM), and so many others over the last ten years in retirement accounts and missed big moves in NVidia (NVDA) and Tesla (TSLA) and so many others.
Comments |
Thank you so much for your wisdom, I sight and experience. Valerie on 1/28/2021 10:13:06 AM |
What about Stocks like Nakd? I made huge profits this morning doubling my investment, same with SNDL and CTRM. Is it the Volatility or the small size that spooks you away from small stocks? Quinn hadden on 1/28/2021 10:19:38 AM |
It is the WILD WEST or Old England ( robin hood ? ) John Cowger on 1/28/2021 10:23:35 AM |
Yes, it will be a CRIME if the "elites" shut down individual investors! CRIMINAL! Tim Abbott on 1/28/2021 10:42:49 AM |
What is the difference between a senator and a hedge fund manager? About $25 trillion in losses of borrowed money! David Hekhuis on 1/28/2021 10:48:31 AM |
Social media assures that more GME's and AMC's are lurking in the weeds. "Be smart and be independent," said Charles this morning. Social media conflicts with smart and independent. Where the smart money runs, dumb money follows the crowd and hangs in to make up losses. Investors who have been at the markets for years have paid dearly for lessons being taught today. Jack Dicoskey on 1/28/2021 11:11:06 AM |
THE DOW IS NO DIFFERENT THAN GME LOOK OUT! ERNEST REMUS on 1/28/2021 11:40:08 AM |
Thank-you Charles for great supportive comments for smaller investors that have been abused by the larger Corp. Unstoppable wealth is what we are here for and we think you are a genius! Brenda j DeWitt on 1/28/2021 11:51:26 AM |
While I applaud the group working together to show Wallstreet that individual investors matter, I also caution their poking the snake with the stick. Paul on 1/28/2021 12:19:09 PM |
Charles Payne 2024 Fred Clauhs on 1/28/2021 4:11:00 PM |
Thank you Frederick on 1/28/2021 4:53:18 PM |
Charles, I saw you on with Stewart Varney this morning. Outstanding pushback to the elitist thinking that there was something wrong with the retail investors making bank. Keep up the great work. I'm tuned in every afternoon thanks to this BS Covid hysteria....but that's another story. Between my research and many of your guests I've made 33% on my portfolio. I didn't want to miss the train like in 2008-2009. God bless you. Timothy Comer on 1/28/2021 6:06:28 PM |
Thanks a lot, keep the info coming. Juan on 1/29/2021 12:51:16 AM |
Good morning, I saw your frustration yesterday. I never saw you take your glasses off. Lol. I'm going to change all the bad habits that I've learned in my first year of trading and follow your strategies 💯 percent. Wall Street are like gangsters ,they rob me without a gun. Thank you Brother for all your knowledge. Love you, keep up the amazing work. It's not in vain !!! Leroy Davis, on 1/29/2021 7:30:11 AM |
Thanks Leroy,
It's not easy to change bad habits which happen normally over time but your commitment is the most important first step. CP Charles Payne on 1/29/2021 7:58:39 AM |
My wife and I listen to you on XM radio while we deliver Meals on Wheels. We enjoy your patriotism and positive attitude that comes through to we the listeners. You're a true American Charles ! Thanks! Lorin K on 1/29/2021 10:41:42 AM |
Who is the expert that gets to say "stop"! Let the market correct and adjust. Phillip Chatham on 1/29/2021 12:11:07 PM |
Tweet |
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3/22/2024 12:56 PM | Toll on Americans |
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3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
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