2024 Trading Thread
Well, 2023 went really well with less than market risk so well done me.
First trade of 2024 is $CPRI which is being taken over by $TPR at $57 cash.
FTC is looking into the merger and has asked for a second review, but it's really hard to see them being made a bigger laughingstock over actually trying to block a midtier leather bag and expensive shoe merger than the giant laughingstock they were made over the ATVI deal.
Deal is supposed to close ~end of Q1 now since FTC asked for more info. 14% deal spread is a nice annualized rate. It's a $6bn deal so you can buy all you want.
Tapestry has already raised the required funds in the bond market. No chance they try to [or can] void the deal with a MAC clause in Delaware.
Obv risk is deal breaking, stock probably drops to $35ish. Market is too pessimistic on this deal which is the issue.
Another day, another Boeing extinction event. This stock has to be shorted ??
Typically when a President dies (Jimmy Carter) the exchanges close for a day of mourning so I would expect the markets to be closed probably Tuesday but haven't heard anything official.
boeing opened -4%, seems reasonable to expect the news piles on to previous bad press even if it wasn't a manufacturing issue
Anyone have any lower priced high growth stocks for the next 5-10 yrs? Any picks to look into would be cool thanks
Justin's CES Nvidia conference was a home run... look for Nvidia to kill it even more going forward.
