I Just Sold $9,700 of One Stock Here's What I Bought Instead
Summary
CouchInvestor analyzes the recent outperformance of the portfolio, which gained 11.4% in a single week compared to the S&P 500's 4%. This brings the year-to-date return for CouchInvestor to nearly 48%. CouchInvestor observes a shift in market sentiment regarding interest rates, noting that the probability of 'no rate hikes' is increasing, which could benefit growth stocks and fintech names. The upcoming week is identified by CouchInvestor as crucial for gauging consumer spending, with major retailers like Walmart and Target reporting earnings.
Mentioned Stocks
Reasoning: CouchInvestor is very bullish long-term but notes the stock is currently expensive. CouchInvestor would prefer it to consolidate around $80 for a few months to remain healthy.
Reasoning: CouchInvestor calls it one of the best companies on the planet. CouchInvestor identifies support at $245-$250 and sees the current price of $262 as a consolidated area before a potential rebound.
Reasoning: CouchInvestor increased the position by 5.88% at $591. CouchInvestor considers it a no-brainer and undervalued. CouchInvestor expects the stock to move towards $650 and $700 once it stays above $600, potentially catalyzed by AI model news or GPU sales.
Reasoning: CouchInvestor views SoFi as one of the most undervalued names. CouchInvestor expects it to challenge $20 soon, especially as the market shifts away from expecting more rate hikes, which benefits SoFi's guidance.
Reasoning: CouchInvestor mentions acquisition interest from Stripe and Advent. CouchInvestor believes the fair value in an acquisition scenario would be $70, $75, or even $80 per share.
Reasoning: CouchInvestor notes support at the $345 area. If held, CouchInvestor expects a move back toward $350 and $360. Note: The price mentioned by CouchInvestor likely refers to a specific share class or reflects a transcript data point.
Reasoning: CouchInvestor believes Reddit is a $200 stock. CouchInvestor expects a major catalyst when AI licensing agreements are renegotiated at higher values. CouchInvestor is comfortable adding more at $178.
Reasoning: CouchInvestor sold 31% of the position at $97.71 for a 42.3% gain. CouchInvestor noted the stock had a massive run without specific catalysts and wanted to take profits before upcoming earnings to raise cash for potential pullbacks.
Reasoning: CouchInvestor increased the position by 7.18% at $14.27. CouchInvestor believes the company is undervalued and sees it as a future $100 billion company. CouchInvestor targets a move above $16 and eventually $18.
Reasoning: CouchInvestor believes there is significant upside left and views it as a future multiple hundred billion dollar company. CouchInvestor notes it is in a discovery zone after a 30% jump following earnings to $277.