2024 Stock Picks

vanzandt said:
Two more stocks that I keep track of. Neither will move fast, but for a 12 month time-frame assuming no large market-wide correction, they'll slowly grind up.

AIR-- it sold off today on a revenue miss. $64.30 now. It's a solid company, in the right sector. Low volume. It's an off the radar type stock. It's the type of stock Berkshire would buy, and hold for 10 years.

BJ-- They're growing, like a Costco, membership club. $66. It's overdue to live north of $70 and start grinding towards $80.

AIR might pull back some more as this is day 1 on the sell off. Anything below $60 would be great.
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BJ's is back at $65.

Nuveen took a large stake in early December. The largest holders are still FMR at @16MM shares and Vanguard at 13.3MM shares however.

BJ's---> $65.24
 
Jeffries (JEF) reports after the bell tomorrow.
It may take a hit initially, but anything around $34-$36 would be a good buy if they do. I think they'll do well in 2024. Lots of mergers and acquisitions coming.
 
Why is AIR down 4% even after the company said they didn't work on the Alaska Airlines Boeing 737 MAX 9 flight? Maybe the market doesn't believe them.
 
nitrene said:
Why is AIR down 4% even after the company said they didn't work on the Alaska Airlines Boeing 737 MAX 9 flight? Maybe the market doesn't believe them.
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Is that why it dropped? I didn't see any news about that. It bounced off of the $55's pretty hard. $58 now.
 
nitrene said:
Why is AIR down 4% even after the company said they didn't work on the Alaska Airlines Boeing 737 MAX 9 flight? Maybe the market doesn't believe them.
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Yeah, no way they'd lie about something like this. Some fund manager that knows AAR does contract work for Alaska must have panicked and dumped their shares before AAR released their statement

(Reuters) - Aviation services provider AAR Corp said on Monday it did not perform any work on or near the mid-cabin exit door plug of the Alaska Air aircraft that had a cabin panel ripped off while in mid-air.

"AAR was contracted by Alaska Airlines to perform a 2KU Modification (Wi-Fi modification) on the aircraft that was performed from Nov. 27 to Dec. 7, 2023," AAR said.
 
4600 puts traded today already, 100X normal volume. 2500 were bought at the ask.
They can kiss that money goodbye.

ALK just went green on the day. $35.58 was the low, $38 now. That says a lot about the airline sector in general. They have to ground nearly 100 jets in their fleet and the stock is green?!

Buy DAL for earnings Friday! Next stop, $50. :cool:
 
Off topic.
This:
vanzandt said:
Ya know who's been on CNBC for decades, and he's never gotten one bit of credit, and they've never brought him out and introduced him as far as I know... is the guy that does the narration going into the commercial breaks between segments for so many of their shows. He does Cramer's show mainly, but he does several others too. Great voice.
The guy that says things like this:

"And up next... Cramer goes toe to toe with the CEO of sandals maker CROX."

That guy.
He's been on there forever.
A CNBC unsung hero.
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Whoever this guy was, he's been gone for a couple months now. They have a new person narrating the "what's up next" clips leading into commercials.

Whoever that voice belonged to, I wish him well. His voice was on CNBC for well over a decade. The new guy is good, but it's not the same.
 
nitrene said:
Why is AIR down 4% even after the company said they didn't work on the Alaska Airlines Boeing 737 MAX 9 flight? Maybe the market doesn't believe them.
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"At one point Monday, AAR shares fell as much as 8% in morning trade; they pared losses after the company's statement {"that they did not perform any work on or near the mid-cabin exit door plug"} and were down 2.9%."
 
nitrene said:
Why is AIR down 4% even after the company said they didn't work on the Alaska Airlines Boeing 737 MAX 9 flight? Maybe the market doesn't believe them.
More...
https://finance.yahoo.com/news/1-jet-firm-aar-says-200144690.html
Jan 8 (Reuters) - Aviation services provider AAR Corp said on Monday it did not perform any work on or near the mid-cabin exit door plug of the Alaska Air aircraft whose cabin panel ripped off while in mid-air.

Investors sold off AAR shares on Monday following an analyst note from Deutsche Bank that noted that the aircraft spent time at an Oklahoma facility operated by AAR.
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I assume the Deutsche Bank analyst note was issued before the AAR claim.
 
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