MARKETS,Anybody even yet?

[FAA]

Making an appointment. My time horizon is okay, but this is scary.
My firm sold 67 shares of FITB last week. I lost $3 a share and it’s continuing to tank.

[olds442jetaway]

Many unknowns in the market now. Inflation is definitely back and will get worse. It was never as low as they said either. A lot is about oil and the war. On and on. Anybody heavily in the market who is well diversified is steadily losing right now. I took a couple of small profits and ran. Sitting tight on the rest of holdings right now. Many are dividend income based. Even those won’t hold up under pressure. Banks have been heading straight down

[olds442jetaway]

I should have listened to TT on 3/11. That said, I picked up a little Rivian and Lucid. I’ll bail if I make gas money. The Saudis have billions invested in Lucid and at least 2 more billion ready to go. Whoever can make a replacement for the Lithium batteries, will be rich. Sodium is ideal, but a long way to go yet in development.

[case]

Bought 2 beaten down dividend stocks today at market open.

CAG 15.48 and a 9.06% dividend

KHC 24.25 and a 7.54% dividend. This is the Kraft Heinz company

[olds442jetaway]

Just a little, but bought beat up WEN. Div almost 8 percent. I bought and sold CAG last year. Should grab it again. I have GIS. Still going down.

[case]

Just checked out GIS. Really having a hard time and a long downward trend. Did people stop eating cereal?

I have not bought many stocks related to food but sometimes the price is just too low to ignore

[case]

CAG reports earnings on April 1. So I am gambling a bit here

[olds442jetaway]

Still like my Cheerios. From what I read, a lot of people are switching to store brands or private label brands. Also, their costs at General Mills have been steadily increasing. I imagine their products that are high in sugar are facing a pretty good headwind as well. I hope I don’t have to sell it for a tax loss toward the end of the year.
Wendy’s has a multitude of problems across the board. It is just not run as well as say a McDonald’s. They also have a very high staff turnover and I have noticed the people they hire don’t actually make you want to order anything. I hate to say that, but unfortunately it’s true. McDonald’s on the other hand has programs to help the very high Hispanic population that work there assimilate. When I go to both places locally it just seems like McDonald’s runs like a well oiled machine. The employees are very pleasant. At Wendy’s it’s like a gear with a couple of teeth missing. They also have long wait times for ordering, and their food is often cold or the orders have mistakes in them it’s not like when Dave Thomas ran it. I only bought 100 shares of Wendy’s. Hope against hope I’m afraid.
So far I am happy with a couple of preferred Mortgage stocks I have. That said, I’m afraid we are headed for higher interest rates again. Of course inflation too. Don’t see any way around that.
Very slowly adding to QQQ on dips, but my focus is still income related overall. ( dividends )

[case]

What you said is very true in that people are changing the way they eat. The internet and AI gives so much information today that greatly influences our choices. I remember when Campbell soup and kraft dinner were staples. I thought tv dinners were perfect. Now I know better