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Tuesday, February 27, 2024
What are some undervalued stocks 2024?
Stocks that are either worth more or on a dip right now. Stocks that haven't made their run yet or has alot more room to go for 2025-2026?
my thoughts if you wanna read it... (not advice, just my current opinion and am new)
I am looking for pypl, baba when they dip, I don't want to buy them on a risistance, they make alot of cash, and eventually the stock price will match their profits imo.
Am not sure if NFLX isn't overvalued, but its ATH is 700 at covid, because back then everybody was watching moveis and serieses in their homes. it is now sitting at 600 (28/02/2024) and also has PE of 49 which is very high. However they are gaining customers and doing some very smart moves like adding podcasts, WWE, and they still make movies themselves too. I see them getting monopolistic, but I am not sure how other competitors are doing. Might be a good buy if it dips.
BTC is rising and raising mining stocks (which are very volatile becasue they leverage alot) so clsk, mara, coin, riot are mining stock and they do gain massive growth if btc move up. However there will be halving which cut the profit of mining btc by half, so typically mining stocks tank around that time, but if btc moves up much, that will outweight the halving event. From what I have seen analysts are very very bullish on btc. so mining stocks are like a riskier bitcoin but risk reward is actually not bad, am not sure however when will the top be after this massive run, but if btc go up mining stocks gonna go up, might be cooldown on halving but still up if btc is up.
I would steer away from nvda due to how much hype there is around it, am not saying it is bad but i would be more interested in less hyped semiconductors. if we compare tsm latest quarter it did 7.5b profit and it is valued at 570b, nvda made 13b last quarter and is valued at 1.97t so tsm is twice as efficient at making profits. Although nvda has better growth potential, BUT it is 2t and I cant see it going to 3t as i see tsm go to 800b which is about 50% growth for each. nvda is so big that it won't have explosive growth, and there is a risk if they won't meet expectation they will drop hard. nvda isn't bad but i like other semi more, since they are smaller in cap with room to go. examples are smci (which is good but got overmemed and now is more like a casino for gamblers) and arm which had quite a big run already, my idea is that there might be more semi that will yet to get their run. BTW dell earnings coming in 2 days if am not mistaken, might provide info on how semi profits gonna be doing.
VISA, MA are quite a good for long term instead of spy imo.
Bitcoin and Gift Taxes (NJ, USA)
Can anyone help me understand the potential taxes of gifting?
I'm trying to understand gift taxes for bitcoin in the event I give my mom bitcoin for her birthday.
I bought $100 of bitcoin a ~year ago, and now it's worth $300. When I gift the $300 worth of bitcoin to my mom by transferring it to her. Does she, or I owe taxes on it?
Do long term gains taxes apply? I am aware that long term gains taxes vary from 0%,15%, 20% based on your tax bracket. I'm unsure about how it works for Crypto gifts. Is it handled the same way as if i were to gift stocks?
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