NAIL over 54 today. Still stubborn as a mule and holding for 60.
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Nice work.

I've been trying to retrain myself a bit. If a stock is going up I should hold it. I've traditionally felt that I should lock in the profit by selling some, but TSLA and the FAANG stocks are changing my mind on that.

I'm getting a little nervous because the FAANGS plus MSFT and TSLA are now over 12 percent of my total portfolio which doesn't seem very diversified, but man, they just keep going up.

Now that I think about it, though, 12 percent isn't all that much, right? Or is it?
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Tesla now has a higher market cap than Wal-Mart.

According to reddit
Walmart:
Revenue: 134B
Net profit Margin: 3%

Tesla:
Revenue: 6B
Net profit Margin: 1.7%


This is wild
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It surpassed Walmart at yesterday's close. It might have passed Johnson and Johnson today. It was only around 20b market cap less yesterday.

I'm not sure where they got those revenue numbers, Walmart is 500+ Billion revenue and around 15 billion net income.

If Tesla passed JNJ that just leaves Visa, Berkshire and the big 5 tech larger then Tesla. Pretty crazy. Speaking of, Apple was up 5% on a random day today. Our large and mega caps are now jumping around like unknown microcaps that just got a positive segment or headline.
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After 90 years on the DOW.....

Exxon removed.
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Tech gets more weight.
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FAANG and Tesla aren't bubbles. They are the companies that literally change the world. When the market does crash they will come back with a vengence.

That AARK ETF I mentioned in the other thread is managed by Catherine Wood ,I really like her but she has Tesla alone as 10% of her portfolio.

And If Biden wins (which there's no way in hell he will) the market will tank. When Trump wins you'll see a HUGE rally.
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Somewhat shocking but I know that the fear for the Wall Street old timers is that the Dow Jones is the Dinosaur and Nasdaq is the top dog for headlines and growth.

They want stocks that can rise, not some stodgy piece of junk like Ford that stays at $6-9 for 25 years or GE that goes from $60 to $6 in the blink of an eye.

Dow Jones needs winners.......:-)
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Started as Standard Oil of New Jersey by John D Rockefeller
Changed to Esso (Tiger logo just like Tony the Tiger)
Changed to Exxon
Merged with Mobil
Became Exxon Mobil
Back to Exxon
Kicked out of the Dow......

There it is in a nutshell. :-)
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So what does that mean for the stock itself? XOM
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I think if oil bounces back Exxon will be back.

Wasn’t Mobil a standard oil company that got split off in the antitrust suit?
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That’s an interesting question. Do the Dow ETFsimmediately simp the stock? If so the fucker might go negative.
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Yes, from Standard Oil! Pretty ironic huh? Split about 100 years ago only to be gobbled back up.

They broke up his company into like 40 different companies. One of, if not the the largest breakups of a corporation in history.

ATT only went into like (9) Baby Bells
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The stocks joining were up 2-3% after hours the night of the announcement and the ones leaving the opposite. I'm sure it'll be some short term pressure but most ppl don't hold Dow based assets.

There has been a lot of talk that Teslas wild moves the last year are people trying to front run it possibly getting added to the S&P 500 if it were able to have a full year where it made an actual profit.

Which I think it did squeeze out a small full year profit with it's last earnings. Except Tesla would be the 7th largest holding rn if it joined, not no. 450 or 320 like normal. Almost 5 trillion is indexed to the S&P 500, I've no idea what would happen.
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Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread.

Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days.

Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today.
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