This could become an opportunity to buy some stocks at a nice discount.
My main preference is on European stocks (lower valuation, FX, etc.) but especially in tech there might be some deals (albeit not yet true bargains) in the US as well.
Which companies are you targeting to take a bit if the sell off continues?
I’d love to get Microsoft but not at these levels (yet).
VRSN, but it hasn’t fallen at all. typical.
I have my eye on energy, but want to get a better price still.
Never time the market, what is important is time is the market. However I think that there will be some buying opportunities. In fact since 16 month the US market was over rated to my humble opinion.
For TSLA I would wait a bit more before taking long position. 
No discount, but probably more safe (from my dividend portfolio): GIS, JNJ, T, MO, KMB, LMT
There’ll be no TSLA soon enough. That goose is cooked.
I’m eyeing MSFT as a forever stock, to join BRK, for some months now but at lower valuation.
I’ve been considering shorting Tesla - at least, buying put options - for a few weeks now.
They’re losing the Asian market to Chinese brands, they’re losing the European market to Chinese/European brands as the Tesla boycott is snowballing, and they’ve alienated the one half of the US market which would buy EV’s.
Need to do a bit more homework though about their non-car business.
No one I know wants to buy Tesla. Whatever Elon musk do , it’s tough to get out of this toxic situation
Car still remains a status symbol and specially in Asia. Buying Tesla is definitely not a status thing anymore. Person who is associated with another person who is causing huge damage to your country‘s economy and the person (Musk) is trying to bully your politics is not someone you want to be associated with
But shorting Tsla might be dangerous because who knows some billionaires in US team up to punish the short sellers
Look at insurers. UNH went up quite a bit. Generally STOXXX 600 Insurance hasn’t nose dived.
Got it, but I’m actually looking for opportunities where the share price HAS dropped.
TMO is on my list. Now down 30% from 2024 highs.
Great question.
Especially as it seems indifferent to “how do you feel about the market and this macro thesis versus that macro thesis and how does it affect your trading”. Or at least that’s what I interpreted.
I’ll go through my stock picking portfolio* as I would have done so anyway tomorrow, albeit at however long it’ll take me here to document my thinking versus my usual about 15-20 minutes total for all positions.
I’ll look at the positions through my very own lens: can this company reliably pay and ideally grow dividends (and earnings!) for me?
I won’t skip positions I otherwise would skip because they’re “full” (for the purpose of income risk management in my portfolio) for the (potential) benefit of readers.
Further filters:
Macro comments as seasoning (ideally ignored by everyone) as I see fit.
I’ll add FASTgraphs, drawing the line from the current market price to the lower of the fair value line or the normal** value line.
Oh, and I’ll opine on my first bunch of positions from A to C before taking your pulse whether this is in any way useful before proceeding to waste your (or my) time with positions D and beyond.
(Alphabetical Order)
ADM
AMGEN
ARE
BBY
BK
BNS
BTI
CI
CM
CMCSA
CMI
CVS
Glossary:
* Earnings Yield: If you owned the entire company outright, you would get the Earnings Yield as profit of what you paid for the company.
** Normal Value: The P/E line the company has traded at historically in the selected time frame of the FASTgraph depicted.
*** AFFO: Adjusted Funds From Operations, a metric used mostly (exlusively?) with REITs**** to reflect the peculiarities of them making profits due to the legal contraints for these (mostly) REIT companies.
**** REIT: Real Estate Investment Trust. Simple: owns and profits from real estate. Comes with a bunch of accounting and payout standards and obligations for the company. See e.g. REIT: What It Is and How to Invest
I would look into their energy business. Lots of countries are encouraging renewables which makes the grid unstable. You can arbitrage this with storing the energy, e.g. buy power when the price is zero or negative and sell when the price is high (energy charts).
Tesla is really growing in that segment:
In 2024, we deployed 31.4 GWh of energy storage products. We are focused on ramping the production and increasing the market penetration of our energy storage products.
Their revenue is small in comparison, although really growing. But I also don’t know how sustainable that is in the long run…
About cars I think they will continue to lose, even if remove Musk from the equation. The Chinese are making really good EVs now (bad for Tesla China) and IF they somehow manage to come to Europe without tariffs, then it’s likely over, because they are much cheaper and offer more. Whether that materializes is another story, because charging an EV in public currently is more expensive than gasoline lol.
ADM
It’s in my portfolio, probably difficult times right now and don’t want to add more yet.
ARE
In portfolio and added during drops. Full position now.
BNS
It was in portfolio and transferred to VDY ETF instead.
BTI
This is my biggest position. I have full position here but like you also tempted to buy more.
CI
In portfolio. I kinda forgot about it and isn’t yet a full position.
CMCSA
In portfolio. I hate this company but still have it as the value seems almost too good to be true.
CVS
Sold this a while ago.
Tech stocks
I think some of the tech stocks starts to look attractive even if they continue to be dragged down by index selling. (I bought GOOG, AMD).
Integrated oil
Integrated oil also starts to look more attractive (but I want to buy during recession)
Cash crunch
But what am I going to sell to fund purchases? Most of my T-bills were already sold to fund Pillar 2 purchases. And the rest was quickly used up when my buy orders hit.
I’m reluctant to sell CAOS or Gold, but maybe I should re-balance a little?
A lot of US stocks listed above. I’m focused more on Australian (lived there for a while and my wife is from there so we travel there often), UK (where I’m from) and European stocks in general.
Am actually surprised so many US stocks were mentioned. Even after the sell off the valuations are often still high. Then again, if you’re American and are living Switzerland but ultimately intend to return to the US then I get it.
My case is different - future is in Europe (and to a lesser extend down under). So my focus is on ‘local’ stocks (primarily) as I don’t want the FX exposure to get too high.
With European stocks tumbling there’s surely also bargainst to be found here now.
I own British American Tobacco and will be buying more similar high yielding stocks (e.g. Vodafone) by using the dividends coming my way soon.
*in
I’ll throw one out there: Signify. Lighting company.
Next up, want to step into an oil/gas stock (to be more specific: European one, with high dividend yield) as they’ve been beaten down a bit. For now, best option I’ve seen is Repsol although also tempted by BP (not because of the rumored interest from Shell in acquiring it). Anybody with a ‘high conviction’ opinion on European oil/gas stocks?
I don’t like European energy stocks due to the political risk. I prefer US ones.
Understood. I try to stay away from the American ones in favor of the European ones for several reasons, primarily:
I’m not 100% consistent: I do own an ETF covering various US pipeline companies which pays a nice quarterly div.
AMLP is currently my biggest single holding.
