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Stock Market under President Biden
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(02-19-2021, 06:57 PM)Jags Wrote: Obviously, we don’t know when “soon” is. If this question derails the thread, by all means delete it. How soon do you feel that will happen? The NASDAQ is up 10% YTD whereas the DOW is only up ~ 3.5% so I personally think there's going to be a move to the DOW recovery/value stocks that are still lagging behind what they truly were in Feb 2020. Stocks like WFC, BA, UAL, and CCL are still down in excess of 30% from their highs in Feb 2020. I just cashed in my tech, social media, weed, and EV stocks and will be heading over the airlines, banks, cruise lines, and oil (to a certain extent). Already had UAL, XOM, WFC but will add $$ to those and others. I expect the public wave to make the switch over the next month and many have already done so over the past few weeks. One tool that i use is to click on the following link to see where the stock is in comparison with the "5-year" tab. You will notice WFC averaged $50 to $55 per share over the past 5 years but is now at $37. Knowing our Gov is supporting banks, airlines, etc. these types of stocks will get back to their prior level ... meaning WFC should have over 35% upside over the next year or 2. I do this for 50+ stocks ..... there are also various stock forecasts sites to use as secondary tools. .... at the end of the day, listen to your advisor since they will know you entire financial situation. I was a former Asst. Controller for a large company in DC so I need to be 100% in control of my finances. Pull this link up and click on the 5-year option so see the trend ... as noted above, i do this for all of the stocks I'm researching.... https://www.google.com/search?rlz=1C1CHJ...CA0&uact=5 I also use this to see what analysts are predicting (which could be in conflict with my predictions .... lol) https://money.cnn.com/quote/forecast/for...of%2037.37. |
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