What did you trade today and why?

[Fermion]

What is going on with GIS? I saw an earlier post where someone made a day trade on GIS. I looked at it earlier in the year and was surprised to see a stock I would expect to be a plow horse of a stock that would go along and throw off a nice dividend. I didn’t buy, but i wondering if anyone has any insight to what’s happening here. Is it getting ready to crash or to quit paying a dividend?

They pivoted away from AI is the reason. In this case AI stood for Artificial Ingredients but the market didn't realize that and punished the stock.

 

[RetiredHappy]

What is going on with GIS? I saw an earlier post where someone made a day trade on GIS. I looked at it earlier in the year and was surprised to see a stock I would expect to be a plow horse of a stock that would go along and throw off a nice dividend. I didn’t buy, but i wondering if anyone has any insight to what’s happening here. Is it getting ready to crash or to quit paying a dividend?

With people eating healthier, the "new" food pyramid being released and the growing use of GLP-1 drugs, General Mills will continue to see a decline in revenue.

 

[COcheesehead]

Exiting SGENX. It had a pretty good one year run, up 25%, but is really recently lagging my other two global funds.

 

[Semi-Retyrd]

Exiting SGENX. It had a pretty good one year run, up 25%, but is really recently lagging my other two global funds.

View attachment 63424

SGENX outperformed driven by its gold position. When gold slows down, so does SGENX.

 

[COcheesehead]

SGENX outperformed driven by its gold position. When gold slows down, so does SGENX.

I agree. Lived and died on gold.

 

[COcheesehead]

Raising cash. I was down to .6% and rewarded for it. Now it’s time to take some profits and be patient. I hit a new all time high.

 

[AudiDudi]

Looking to get out of a couple BDCs that pay quarterly and into a couple more CEFs paying monthly. May start "double dipping" again. Price is not quite there yet to sell. (BBDC and GSBD)

 

[Al18]

About GIS, I posted this message 6 days ago on a dividend topic:

General Mills GIS doesn't look like a strong performer because it's dividend payout is 71.65% and it has only increased it's dividend for 6 years. The 6.95% dividend payout is not sustainable in my opinion. The analyst rating is a strong hold. You can research more info on dividend.com

 

[Surewhitey]

What is going on with GIS? I saw an earlier post where someone made a day trade on GIS. I looked at it earlier in the year and was surprised to see a stock I would expect to be a plow horse of a stock that would go along and throw off a nice dividend. I didn’t buy, but i wondering if anyone has any insight to what’s happening here. Is it getting ready to crash or to quit paying a dividend?

Anything processed / packaged food is in the dumps. Costs up, sales & profits flat to down.

Some are probably going to cut divys...

 

[Surewhitey]

I think I might sell the 20 year I bought 2 days ago at 5.032%. Looks like it is trading for 4.92% this morning, so it should be up about $1000. I love this bouncy castle market.

Similarly, my TLT is up $500 on my $34k buy yesterday...

 

[Al18]

I agree with Surewhitey. Once dividend's exceed 6% with a payout great than 55%, you'll likely see a dividend cut in the next 12 months. Typically it's a 50% dividend cut.

 

[Fermion]

I agree with Surewhitey. Once dividend's exceed 6% with a payout great than 55%, you'll likely see a dividend cut in the next 12 months. Typically it's a 50% dividend cut.

Yes, except General Mills has not cut the dividend for 127 years, through two world wars and several recessions. We will see. I think this is a case where they trim elsewhere and protect the dividend.

 

[AudiDudi]

Sold GSBD @$10.17. Made 13.49% in 10 months - mostly dividends.

 

[dobig]

Last few days have trimmed growth, added to alternatives and bought some income. Months like this are a gift and I don't like squandering them by being too greedy.

Currently sitting at 11% cash. Up YTD 8.66%.

 

[dobig]

Started a small position in new fund GDT. TIPs plus Gold. Thinly traded. 7.45% yield.

Also started a position in TIBIX.




Always follow the smart money. Especially when it's smarter than you.

 

[Fishmasterdan]

Sold my TQQQ puts I had on yesterday for 70% premium profit and added another CSP on TQQQ. Purchased another 100 TQQQ because it hit my CC strike today. Selling these all with a 5-8 DTE.
QMCO and IPX were up nicely today from yesterday purchase 21% and 11%. Put a 5% trailing stop on those from yesterdays purchase. Trying to capitalize on the nice bull run we are having.
Every time I put a trailing stop loss on I get burned. Maybe its smarter to sell the profits off each day?

 

[YellowSubmarine]

+ MO start a buy back @ 70.20. Sold last week @74. Next buy around 68.5

 

[MTNSKY]

Large purchase of TIBAX------Been adding to AMZN as long term hold and will buy more on dips
starter position in QRPNX and QNZNX. I do like AQR funds and still a bit surprised that QLENX has performed so poorly this year. I did exit this fund months ago. I just thought it was a better fund-but though wrong--maybe is will be good next year but for now happy to be out.

 

[joejetski]

They pivoted away from AI is the reason. In this case AI stood for Artificial Ingredients but the market didn't realize that and punished the stock.

The market is not very bright sometimes…

 

[Surewhitey]

Sold my TLT for a short time pocket change...

 

[Al18]

I dumped ALL my shares of CMCSA today. Last year Xfinity decided they were getting out of the email business and the transition is supposed to be complete by the end of 2026 - transitioning everyone to Yahoo Email!

 

[junkanoo]

Yes, except General Mills has not cut the dividend for 127 years, through two world wars and several recessions. We will see. I think this is a case where they trim elsewhere and protect the dividend.

Fair point. Personally, I don't care about the dividend angle, but I view General Mills as largely a commodity play. Currently, grain prices (partly due to fertilizer costs) will be going up. But, it occurs to me that purchasing GIS futures for 4th quarter 2027 might be an interesting play. However, I don't think I'll pull the trigger yet as I think the beatings on this stock haven't ended. YMMV.

 

[Fermion]

Fair point. Personally, I don't care about the dividend angle, but I view General Mills as largely a commodity play. Currently, grain prices (partly due to fertilizer costs) will be going up. But, it occurs to me that purchasing GIS futures for 4th quarter 2027 might be an interesting play. However, I don't think I'll pull the trigger yet as I think the beatings on this stock haven't ended. YMMV.

Yeah, it could be in for some more pain, perhaps down to $30 or $32. It is up nicely today though, $35.50 or so. Missed a lil bit on that day trade lol.

 

[Randy145]

I dumped ALL my shares of CMCSA today. Last year Xfinity decided they were getting out of the email business and the transition is supposed to be complete by the end of 2026 - transitioning everyone to Yahoo Email!

First I've heard that. Oddly enough, they have services off/on right now in my area. Just had xfinity workers in my back yard a few minutes ago messing around the junction box. They are supposedly increasing speed capabilities.

 

[Brat]

I sold Sandisk and SNXX after a nice short term profit.