LUV, DAL, or JBLU. I wouldn't jump on any of them yet.
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This might not fit the actual topic of this thread, but it involves money so...

A lot of people have been spending this extra money they've been getting on toys. This extra money looks like it might be coming to an end and that idiot down the road who bought his kid a dirt bike when he really couldn't afford it is now back to work and realizing he might need that money. FB sellers are providing a lot of deals on relatively new stuff right now and if you know your kid is going to want/need something, it's a damn good time to grab something that's barely used as these people are impatient as hell.

I picked up the $1000 bike for $500 with only 2 months of use on it and his comment was "well, ok, it was basically free money anyways". The near new toys range from phones, to lawnmowers, and even cars so there's a little something for everyone out there right now. The guns are all way over priced though, so. :-)
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Was reading an article from a few months ago and it stated this. I knew if was high but not this high!

5 stocks - Amazon, Apple, Microsoft, Alphabet (Google), and Facebook accounted for more than 20% of the market cap of the entire S&P 500
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Yates is touting ATNM

iBio_Yates
Bullish
05:57 PM
$ATNM
be patient and add the dips! Just remember our lomab-b drug trials will be out soon. Also next week webinar. When they let this run, it’ll be amazing.
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I have been investing in Bank and Finance stocks. Bank stocks have been pushed down and I have been getting them at 60% of their yearly high. They have bounced back quit a bit the last month or so, but still great deals.

Most except DB and CS have suspended their dividends for the year. I just picked up BMO last week and it is up 5% with a div coming soon.

I have 25 international banks and finance stocks and 23 of them are in the Green.

Future picks will be the Canadian banks stocks- RY, TD and BNS

Citigroup, and Morgan Stanley will be in my top 5 as well.
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I've been reading, though, that if Biden wins then Elizabeth Warren will be in some position of power, and she will go after the banks with fervor. So I've been staying away from American banks other than one regional bank that I've had for a while (ABCB).

I also sold off all my WFC and USB because I was highly displeased with the PPP loan processing allegations and WFC was a sucking chest wound in my portfolio anyway.

I've had some BMO for about about four years, and it has not been a star. I was getting the dividend but no notable appreciation until Covid, and now it's down about 20 percent. I'm keeping it just because I'll keep taking the dividend as long as it doesn't get cut. I also wonder if they might thrive across the border if Warren goes on the warpath against US banks (which frankly I would support - get rid of garbage companies like WFC and start bringing back smaller regional banks).
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I am not in any US banks- they have had too many scandals as you point out. I do wish I bought into Goldman Sachs though.

I have been watching cash flows. Where is the money flowing throughout the world? I look at it as rivers and I am buying fishing poles ( stocks ) to catch some of the money going by. :-)

Banks just took a big hit over Covid- and many had these huge writeoffs to offset "future losses" --but where did that money go? No where, it stayed in the bank earning interest. It was all accounting smoke and mirrors. Yes, they took a hit on their stocks short term, all the while keeping huge amounts of money in their accounts. So will the banks really have these losses in the future? Doubtful. Those loans are probably insured or covered by assets. Banks always win.

So by having investments in most of the cash flows (banks) in the world- I will also be making money every time the cash changes hands.

As far as BMO- I have been in and out of it for years. It is like a savings account. All the Canadian banks seem to move as one. 5 banks control most of their entire countries cash flow. Every time a lumber jack up in the great white north gets paid- that money goes into one of those banks.

Compare bank stocks- they all dropped at the same time- almost the same % --- which to me, says it was manipulated. The losses were never losses and their actual cash flow and earnings for some banks have been amazing.
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Uhhh banks don’t always win.

If they took write offs it is because the equity assets they have took a beating somewhere and actually lost value.

Your local bank deals in pretty safe shit. They should be fine as long as a bunch of loans don’t default. And while big publicly traded banks typically have a retail arm, most of their money is made through “investment banking”. In which they trade other assets like day traders and they can get hung, see: mortgage backed securities. *cough*2008*cough*.

Just like if you had a million dollars of blockbuster stock in 1995, that money definitely went somewhere.
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I bought Wells Fargo at $28/share.

Holding.
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GDP shrunk 32.9%. Goddamn I hope we never see that shit again
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When do I cash out on IDEX? :-)
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Apple just killed it on their earning call and is up 6%. Up 56% overall now.

They just announced another 4/1 stock split coming at the end of next month.

Here is my recommendation: buy Apple and hold for a long ass time
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Earnings on the 11th. Hold


Buy $BKYI
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Nice! Looks like I'll be buying some more AAPL by the deadline (August 24th).
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It hasn't done anything positive so I guess whenever you want to bail.
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