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580 | 16 | Wall Street Week Ahead for the trading week beginning July 3rd, 2023 | null | 1 Comment | 2023-06-30 | Good Friday evening to all of you here on r/stocks! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week, month, quarter and H2 ahead. :)
Here is everything you need to know to get you ready for the trading week beginning July 3rd, 2023.
S&P 500 rises on Friday to close out big first half, Nasdaq posts best start to a year in 4 decades: Live updates - (Source)
The S&P 500 rose slightly Friday, touching the 4,300 level for the first time since August 2022 as investors looked ahead to upcoming inflation data and the Federal Reserve’s latest policy announcement.
Stocks rose Friday and technology names continued their staggering run to cap off a strong start to the year, and the best first half for the Nasdaq Composite since 1983.
The Dow Jones Industrial Average gained 285.18 points, or 0.84%, to close at 34,407.60. The S&P 500 climbed 1.23% to end at 4,450.38, and the Nasdaq Composite advanced 1.45% to settle at 13,787.92.
Mega-cap technology stocks responsible for a sizeable chunk of 2023′s market gains rose Friday. Dominant artificial intelligence chipmaker Nvidia jumped 3.6%, bringing its yearly gains to more than 189%. Netflix added about 2.9%, while Meta Platforms, Microsoft and Amazon rose 1.9%, 1.6% and 1.9%, respectively. Apple gained 2.3% to close above a $3 trillion market cap.
Elsewhere, Nike shares bucked the broad market uptrend. The apparel giant fell 2.7% after reporting a weaker-than-expected quarterly profit.
Friday marked a pivotal day for investors, bringing the conclusion of the month, second quarter and first half. The last six months saw 2022′s beaten-down growth names make a broad comeback as the promise of artificial intelligence and hope of an end to the Federal Reserve’s rate campaign lifted major tech players to astonishing heights.
Despite these strong gains, some on Wall Street expect volatility in the second half and likely profit taking from investors that benefited from the rally. This, coupled with changing technicals, could lead to sideways action, or a slight pullback in the S&P, said Anna Han, equity strategist at Wells Fargo Securities.
“The technicals are telling us that this ubercap-led rally has just been overextended,” she said. “It’s been hitting those overbought levels, and we believe it’s time for that trade to kind of take a pause.”
This is where the major averages stand:
For June: The S&P 500 gained 6.5% for its best monthly performance since October. The Nasdaq advanced 6.6%. Both indexes notched a fourth consecutive positive month. The Dow climbed 4.6%, for its best month since November.
For the second quarter: The S&P 500 rose 8.3%, on track for a third straight quarter of gains and its biggest quarterly advance since the fourth quarter of 2021. The Nasdaq jumped 12.8% for back-to-back positive quarters. The Dow added 3.4% for a third winning quarter.
For year to date and the first half: The S&P 500 has popped 15.9% for its best first half since 2019. The Nasdaq surged 31.7%, for its best first half since 1983. The 30-stock Dow added a modest gain of 3.8%. The three major averages also notched winning weeks, gaining more than 2% each.
Wall Street also got another hint of encouraging inflation news as the core personal consumption expenditures price index, a closely watched gauge by the Federal Reserve, rose less than expected in May.
“This is excellent news on the inflation fight,” said Jamie Cox, managing partner for Harris Financial Group. “If you don’t believe disinflation is happening, you aren’t paying attention. The Fed was right to pause and needs to hold firm at these levels to prevent overcorrecting and causing an unnecessary recession to fight a beast that is now under control.”
This past week saw the following moves in the S&P:
(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)
S&P Sectors for this past week:
(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)
Major Indices for this past week:
(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)
Major Futures Markets as of Friday's close:
(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)
Economic Calendar for the Week Ahead:
(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)
Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:
(CLICK HERE FOR THE CHART!)
S&P Sectors for the Past Week:
(CLICK HERE FOR THE CHART!)
Major Indices Pullback/Correction Levels as of Friday's close:
(CLICK HERE FOR THE CHART!)
Major Indices Rally Levels as of Friday's close:
(CLICK HERE FOR THE CHART!)
Most Anticipated Earnings Releases for this week:
(CLICK HERE FOR THE CHART!)
Here are the upcoming IPO's for this week:
(CLICK HERE FOR THE CHART!)
Friday's Stock Analyst Upgrades & Downgrades:
(CLICK HERE FOR THE CHART!)
First Trading Day of July – S&P 500 Up 12 Straight
(CLICK HERE FOR THE CHART!)
Over the past 21 years from 2002-2022 July’s first trading has the second-best record up 85.7% of the time on the S&P 500 with an average gain of 0.35%. Only August’s third to last trading day has a better record up 19 of 21 with an average gain of 0.57%.
DJIA’s first trading day of July has produced gains 76.2% of the time with an average gain of 0.31%. NASDAQ splits the middle up 81.0% (0.31% average gain) of the time. July’s first trading day is the third best performing first trading day of all twelve months based upon DJIA points gained with DJIA gaining a cumulative 1668.15 points since 1998.
Looking back even further to 1989, S&P 500 has advanced 88.2% of the time (up 30 times in 34 years) with an average gain of 0.50%. DJIA has advanced 28 times in the same 34 years (82.4%) and NASDAQ has risen in 26 of those years (76.5%) with an average advance of 0.34% in all years. No other day of the year exhibits this amount of across-the-board strength, which makes a solid case for declaring the first trading day of July the most bullish day of the year over the past 34 years.
This is a Big Deal: Business Investment is Rising Again
We’ve been getting a string of “economic surprises” from the consumer side for several months now. Employment data is a prime example, with monthly payroll gains coming in above expectations for 14 straight months. For a change, we just got some good news from the business side, particularly business investment.
The Census Bureau collects data on manufacturers’ shipments and new orders for durable goods – big ticket items like transportation equipment (including vehicles and aircrafts), machinery, computers and electronic products, electrical equipment, and appliances, etc. New orders are particularly useful because it tells us how businesses are viewing current and future economic conditions and investing accordingly. It also tells us about future production commitments for manufacturers.
Well, new orders rose 1.7% in May, even as economists expected orders to decline almost 1%! New orders are now up 5.4% since last year, and this pace is higher than what we saw at any point in 2019.
A large part of this is because of nondefense aircraft orders, which surged 32% in May, and a whopping 61% over the past year. This is huge for America’s aircraft industry – the recent uptrend stands in sharp contrast to what we saw in 2018-2019 when aircraft orders were declining amid Boeing’s 737-Max woes.
(CLICK HERE FOR THE CHART!)
However, as you can see above, aircraft orders are really volatile. It helps to strip them out, along with new orders from the defense industry (which can also be quite volatile).
What’s left is a key economic datapoint – a category called nondefense capital goods ex aircraft, which is really a proxy for business investment, or capital expenditures (“capex”). This rose 0.7% in May, yet another datapoint that beat forecasts (expectations were for a 0.1% increase). New orders for these “core capital goods” are now up 2.1% from last year and rising at a 3.2% annualized pace over the first 5 months of this year.
Now, this data is nominal, in that it’s not adjusted for prices. And we’ve had a lot of inflation over the past year and a half. But even after you adjust for inflation, this proxy for business investment rose 0.3% in May, following a 0.5% increase in April. Investment in real terms has been falling since the beginning of 2022, and so the 0.8% uptick over the past two months is very welcome.
Here’s something a lot of people don’t talk about when they compare today’s economy to the pre-pandemic economy, which is widely recognized as strong: business investment collapsed in 2019, amid a lot of uncertainty around the trade war, and escalating tariffs. Hopefully, the recent uptick not only reverses the downtrend from last year, but also the pre-pandemic downtrend.
(CLICK HERE FOR THE CHART!)
We do recognize that two months do not make a trend. But other data also corroborate the fact that businesses are investing again.
Something big is happening in America
Nonresidential construction is booming, mostly thanks to manufacturing construction. I discussed what was happening a few months ago, but there has been no slowdown in the data since then. Even after adjusting for inflation, manufacturing construction is up 84% over the past year through April. Most of this is being driven by a 233% increase in construction in the computers, electronics, and electricals sector, i.e. semiconductor and electrical vehicle battery plants.
The chart below shows how manufacturing construction was stagnant across most of the past decade, but it seems to have broken out now. There was an inflection point last summer after Congress passed the CHIPS Act, and the Inflation Reduction Act (which had less to do with inflation and more to do with promoting investment via subsidies and tax credits). Also interesting, this is a phenomenon that is happening only in the US – other developed countries like Germany, Japan, UK, and Australia are not seeing a similar surge.
(CLICK HERE FOR THE CHART!)
Finally, if you look at just S&P 500 companies, capital expenditure expectations over the next 12 months have been rising consistently this year. Forward-looking capex expectations are up almost 4% over the first six months of this year, and up 7% compared to a year ago.
This is not something that would be happening amid a slowdown, let alone a recession. The chart below shows how capex expectations were stagnant in 2019 amid higher uncertainty. That’s not the case today, even amid all the recession forecasts.
(CLICK HERE FOR THE CHART!)
Business sentiment has been quite poor, perhaps because of all the headline-grabbing recession forecasts. However, the hard data suggests that businesses are investing and looking to expand capacity – a sign that they view future economic conditions positively when it comes to putting money to work.
There's Something About June 29th
There must be something about June 29th. Besides being a significant day of the year from a seasonal perspective (as discussed in Wednesday's Chart of the Day), two crucial events related to some of the most significant business stories of the past two decades took place on this day, two years apart. The first involved Bernie Madoff, who infamously orchestrated the largest Ponzi scheme in history, although it is worth noting that Madoff once described the Federal Government as another Ponzi scheme, so by his logic, he would have only overseen the second largest Ponzi scheme ever. On this day in 2009, Madoff, once a highly respected and well-loved figure on Wall Street, stood alone in a Manhattan courtroom, devoid of any familial or friendly support, and received a sentence of 150 years in prison.
On a much brighter note, two years earlier in 2007, Apple fans lined up and, in some cases, camped outside of stores for days to be among the first to get their hands on the first-generation iPhone. The fact that people were willing to pay over $500 for a heretofore unproven smartphone should have been all we needed to see to know that this was going to usher in a revolution in the entire computing industry.
Given the success of the iPhone and the scandal of Madoff, you would think that the launch of the iPhone would have been a positive market event and the Madoff sentencing would be associated with a negative market environment. As the chart below illustrates, though, the exact opposite was the case. The first iPhones didn’t just go on sale within four months of any ordinary market peak; the formal launch preceded a 56%+ peak-to-trough drop in the S&P 500 that was the largest drawdowns since the Great Depression. Conversely, Madoff’s sentencing came less than four months after that same largest drawdown since the Great Depression ended.
We’ve said it before and we’ll say it again, but investing based on the headlines can be one of the worst investment strategies known to man.
(CLICK HERE FOR THE CHART!)
July Historically Opens Strong, But Fades After Mid-Month
(CLICK HERE FOR THE CHART!)
July is the third month of DJIA’s and S&P 500’s “Worst Six Months” and the first month of NASDAQ’s “Worst Four Months.” Dynamic trading often accompanies the first full month of summer as the beginning of the second half of the year brings an inflow of new capital. But by around mid-month, inflows have faded and the market’s performance in July usually peaks. This tends to create a strong open and first half. In all the years examined the major indexes tend to reach a peak around mid-month and then drift sideways to slightly lower for the remainder of the month. In pre-election years since 1950, the mid-month peak and second half declines have more pronounced especially for NASDAQ and Russell 2000.
Tech Selloff Sets Up NASDAQ’s Midyear Rally
(CLICK HERE FOR THE CHART!)
The week after June Triple Witching delivered its expected weakness, but this sets up NASDAQ’s 12-day midyear rally to a T.
In the mid-1980s tech’s influence in the market began to grow and the market’s focus in early summer shifted to the outlook for second quarter earnings of technology companies. In anticipation of positive results, over the last three trading days of June and the first nine trading days in July, NASDAQ typically enjoys a rally. This 12-day run has been up 29 of the past 38 years with an average historical gain of 2.4%. Look for this rally to begin around June 28 and run until about July 14.
After the bursting of the tech bubble in 2000, NASDAQ’s mid-year rally had a spotty track record from 2002 until 2009 with three appearances and five no-shows in those years. However, it has been quite solid over the last thirteen years, up eleven times with two losses. Last year, NASDAQ faltered during the 12-day span, but eventually took off in the second half of July, up 12.3%.
Our strategy is to buy the close on Tuesday June 27 and sell July 14 or take profits on any sizable gain in between.
DJIA, S&P 500 and NASDAQ historically cooler in pre-election year Julys
(CLICK HERE FOR THE CHART!)
July historically is the best performing month of the third quarter, however the mostly negative results in August and September tend to make the comparison easy. “Hot” Julys in 2009 and 2010 where DJIA and S&P 500 both gained greater than 6% combined with strong performances in 2013, 2018, and 2022 have boosted July’s average gains since 1950 to 1.3% and 1.3% respectively. Such strength inevitability stirs talk of a “summer rally”, but beware the hype, as it has historically been the weakest rally of all seasons (page 74, Stock Trader’s Almanac 2023).
(CLICK HERE FOR THE CHART!)
Pre-election-year July rankings are something of a mixed bag, ranking #7 for DJIA and S&P 500, averaging gains of 1.0% and 0.9% respectively (since 1950); while NASDAQ (since 1971) and Russell 1000 (since 1979) pre-election Julys both rank #9. NASDAQ has advanced in seven of the last thirteen pre-election Julys. Russell 2000 has advanced in five of its last ten. Despite tech’s and small-cap’s meager pre-election July track record, NASDAQ and Russell 2000 have averaged gains of 1.0% and 0.3% respectively.
Here is the list of notable companies reporting earnings in this upcoming trading week ahead-
(T.B.A. THIS WEEKEND.)
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
(T.B.A. THIS WEEKEND.)
(CLICK HERE FOR TUESDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!)
(T.B.A. THIS WEEKEND.)
Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:
Monday 7.3.23 Before Market Open:
(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
(NONE.)
Monday 7.3.23 After Market Close:
(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
(NONE.)
Tuesday 7.4.23 Before Market Open:
(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
(NONE. U.S. MARKETS CLOSED IN OBSERVANCE OF INDEPENDENCE DAY.)
Tuesday 7.4.23 After Market Close:
(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
(NONE. U.S. MARKETS CLOSED IN OBSERVANCE OF INDEPENDENCE DAY.)
Wednesday 7.5.23 Before Market Open:
(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
(NONE.)
Wednesday 7.5.23 After Market Close:
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
(NONE.)
Thursday 7.6.23 Before Market Open:
(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
(N/A.)
Thursday 7.6.23 After Market Close:
(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
(N/A.)
Friday 7.7.23 Before Market Open:
(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)
(N/A.)
Friday 7.7.23 After Market Close:
(CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
(NONE.)
(T.B.A. THIS WEEKEND.)
(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).
(CLICK HERE FOR THE CHART!)
DISCUSS!
What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and an awesome holiday shortened trading week ahead r/stocks. :) | 2023-07-24 |
581 | 223 | Could sports data become more expensive, leading to a gold rush?
Industry Discussion | null | 37 | 2023-06-30 | I think I’ve found something a little hidden, but wanted to test my hypothesis with some of the more experienced investors on here. We all know the value of data - and now big data. Google has a market cap of $1.51 trillion. Bloomberg pulled in $12.2 billion in revenue in 2022. Palantir which builds software to integrate data has a market cap of $29 billion and a more palatable 15x p/s multiplier than when they IPO’d Or how about Alterxy which has an impossibly convoluted vision (hopefully unlike this post): “The company's analytics platform enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, citizen data scientists, and data engineers.”
But what if sports data is the next liquid gold? Three things need to happen for this to be the case:
Gen Z continue their heightened consumption of data and gamified products
Sports data becomes harder to obtain with leagues spotting the value in their own data
AI provides richer experiences for fans and teams and becomes more important to the sport its
So what is sports data?
Sports data refers to the collection and analysis of information related to various sporting events, athletes, teams, and related statistics. It encompasses a wide range of data points, including player performance, team statistics, historical records, injuries, weather conditions, betting odds, and much more. Sports data is gathered from a variety of sources, such as live game feeds, official scorekeepers, sports leagues, broadcasters, and specialized data providers.
And who owns this data?
Well, it depends. Sometimes it is the leagues which own their whole value chain and do not outsource their data. The teams or even the athletes can claim ownership to certain data. Sometimes the TV networks purchase and own the data. Finally, sports data companies buy or are licensed to create the leagues’ data. This is where the real money is.
Who are the key players in this industry?
In my research, I came across four key companies:
Sportradar or $SRAD - who dominate market share. To give some comparison, 2022 revenues were $781m, compared to their closest rival Genius Sports or $GENI with $341m. $SRAD own the NBA, NHL and MLB rights.
$GENI - scheduled to grow at just 15% in 2023, showing their acceleration has slowed. On the positive front, they will be EBITDA contributing in 2023, with $41m booked for 2023.
IMG Arena - part of the $EDR (Endeavor Group) which owns the UFC. Sports data is only a fraction of their main business
Stats Perform - not a public company but one of the leaders considering their partnerships with the Premier League
Take a look at this graphic and how beaten up these stocks are.
https://ibb.co/v1Q6yPh
I’m thinking that only a slight shift in the supply metrics could lead to an increase in profits, especially for the market incumbent $SRAD. A boost to their revenues over $1bn in 2023 and a CAGR of 25%, could see a new valuation multiple of 6X revenues instead of the current 3X. I figure the market doesn’t know how to value sports data companies yet.
What are your thoughts on sports data and these companies? | 2023-07-24 |
582 | 12 | Reinvesting into losers? | null | 30 | 2023-06-30 | A year or so ago I met with wealth advisors who promptly sold some of my tech stocks and funds. I am 68, and was about 80% invested in tech. Fortunately I hung onto my best, QQQ and FSELX, that I’ve had since 1999. Most of them heavily duplicated each other after a couple of decades, so it made sense to sell off a couple.I get that it’s risky for me to be so heavily in tech at my age. But they bought some bonds (DODIX, JMSIX) and others that immediately went red, and have remained red ever since. I’ve lost about 40k on the stuff they bought. I know nothing about bonds, although I did buy an I-bond. Those I understand, you buy X amount and they pay X% in interest after X time.
I went in the app today and canceled the reinvestment options on everything they bought:
JMSIX
DODIX
VTIP
VWO
VEA
VHT
FNDX
FNDF
PGX
SCZ
GLTR
DVY - the only one that’s slightly green, and of course, is the one they bought the least of.
I just don’t see any point in reinvesting in losers. I can take the dividends and at least buy a CD that will pay 5.35%. Am I right? I fired the advisors, too. I‘ve been reading here for a couple of years, and would be so happy to get some feedback. I know so little, only that tech stocks have been very very good to me. | 2023-07-24 |
583 | 5 | Looking for help on when to initiate a new position vs DCA an existing one? | null | 4 comments | 2023-06-30 | So I'm struggling to find some good resources on this one. I would love to hear some of y'alls thoughts on this, or to be pointed in the right direction on where I can learn more.I hold about 20 positions right now and of those there are a few I would gladly add to if I had more capital and more than a few I would add to if they dropped a bit.Additonally there are 5 stocks I would for sure buy right now at their price points if I had the capital and 30 more I'm interested in and watching closely. What metrics/tools do I look at to make the right call here?Stocks I own that I would buy right nowABBV, Price today $134, DCA : $152ALB, Price today $223, DCA : $216GOOG, Price today $121, DCA : $122PACW, Price today $8.15, DCA : $8.59Stocks I would buy right now,Steel Dynamics (STLD), Canadian Solar (CSIQ), International Paper (IP), Cheniere Energy (LNG), Bank of America (BAC) | 2023-07-24 |
584 | 3 | Trade worldwide with a broker you can trust! Your capital is at risk. | https://alb.reddit.com/cr?za=KVBc7yMLVezqFCLEUBJxsBebnrFlZxPlG5raT1FKaAE7KaLcZemMTtNGV6cgODuIYlVi1c7LqH6rA46AvyqKCRtFB4TXuAeKIsBpIdk_u3YILot9xVMTI7FqL55ivs-LvdoPf29lxm3YoM1Vc9-B-V-Ny9PgHv6mME5jFuwNB1UhUSRuRz0ln64xdK4VQvnuS0mw-dQ1DGK7NQm0ak3o9NQ9Vbp3zQPRL3-p04qhDrGCVe6NJbY1LmVUAi3VDuGhlrI5Xm1VCKEWPB0PtETC6tJXhE4170K_8ohRjxxjDrGc7bHBbbO4AhPBVWEqxIRTfBEOBNyFhwae9HuWpl3RqvFYCSLWAmXg7-bFYspezun2jWnzNTO8tj6ZdZ4EewjMb9sSJIrO&zp=BsifE9FgEVj43N0P7UKWt3TikqErtXAd8bxb6m7jsszst_ajaXIca2rLg3W4nyZwbkX0DdXjhMWclU3X-_F6o-5uSjuWNWZt91gn1ncjPUMWVxrjqnaaqhmFJGWaRbNuB0rpjee6Iyw64KeCB3pSH6KEP4saGDl9jVIB2xMzyfJqNZcSdCGpZLs3g0FIGzwIufRAd9-4y3wenhDnnBYKlqQ--lyp4EqIc_4HpBBW5fhIYOsfudyHdWsFuavLPCNaj5vRUg | 0 comments | null | null | 2023-07-24 |
585 | 9 | Does the Stock Market typically do better on Fridays? | null | 14 comments | 2023-06-30 | I, like many, get paid on a Friday. I typically like to take a portion of my paycheck and buy stocks. I'm not sure if it's just a coincidence or what not, but I often notice the major indices going up quite a bit on the day I receive my direct deposit, which is kind of annoying because it means I get less stock for my buck so to speak.I generally don't make much of it (as "it just happens") and I don't try and time the market, but is there any statistical basis of this, or is this just a case of remembering the times it goes up more than the times it goes down or remains stagnant? Obviously, if this is a well-documented trend then I'd rather just hold on buying in and wait for a different day. | 2023-07-24 |
586 | 33 | FYI Apollo/RIF users of r/Stocks, click here - Reddit valuation/IPO discussion inside | null | 49 comments | 2023-06-30 | As you already know, Apollo/RIF is shutting down tonight (or already have by the time you read thsi), but you can still access reddit on desktop & mobile web https://www.reddit.com/ and old reddit at https://old.reddit.com/ or you can just switch to the official mobile (iOS) app (Android) which has honestly gotten better over the years.I know Reddit admins are on full force right now, but they won't see any impact from shutting down 3rd party apps until at least a quarter from now, so most likely in October we might see Reddit reverse course or take some mitigative actions.So if you enjoy coming to r/Stocks as an Apollo/RIF user (like myself), then you can continue to do so with the links above.Thanks to the hardcore r/Stocks traders & investors that make this place informative & a great place to discuss stocks.Feel free to discuss the Reddit mobile app here, Reddit valuation, and Reddit IPO. | 2023-07-24 |
587 | 446 | UPS strike "imminent" if pay agreement not reached by Friday, Teamsters warn | null | 61 comments | 2023-06-29 | MoneyWatch UPS strike "imminent" if pay agreement not reached by Friday, Teamsters warn moneywatchBy Irina IvanovaJune 29, 2023 / 2:30 PM / MoneyWatchThe union representing UPS workers has warned that a strike is "imminent" if the company doesn't come to the table with a significantly improved financial offer by Friday.The Teamsters union, which represents about 340,000 UPS workers, has been negotiating with UPS for months on a new contract. But talks have stalled, according to the labor union, which called UPS' latest counteroffer on pay "insulting."Earlier this week, Teamsters gave the company a deadline of Friday, June 30, to bring its "last, best and final offer" to the table, putting pressure on negotiations ahead of what could be the largest single-company strike in U.S. history.https://www.cbsnews.com/news/teamsters-warn-ups-strike-is-imminent-if-company-doesnt-improve-pay-offer-by-friday/ | 2023-07-24 |
588 | 778 | FTC prepares “the big one,” a major lawsuit targeting Amazon’s core business | null | 192 comments | 2023-06-29 | Amazon to be accused of punishing sellers who don't use its fulfillment services.The Federal Trade Commission is preparing to file a major antitrust lawsuit accusing Amazon of "leverag[ing] its power to reward online merchants that use its logistics services and punish those who don't," Bloomberg reported today. Bloomberg described the forthcoming lawsuit as "the big one," following several earlier lawsuits filed by the FTC under Chair Lina Khan."In the coming weeks, the agency plans to file a far-reaching antitrust suit focused on Amazon's core online marketplace, according to documents reviewed by Bloomberg and three people familiar with the case," the report said.Khan may try to force Amazon to "restructure" its business. "Based on her public comments, Khan is unlikely to accept compromises from Amazon and could seek to restructure the company—a dramatic outcome that Amazon would surely appeal," Bloomberg wrote.Amazon declined to comment when contacted by Ars today.https://arstechnica.com/tech-policy/2023/06/ftc-prepares-the-big-one-a-major-lawsuit-targeting-amazons-core-business/ | 2023-07-24 |
589 | 10 | CCL: Why the recent tear? | null | 29 comments | 2023-06-30 | Anyone have any news? They beat earnings by .02 cents and had a EPS of -$0.31.It appears people are expecting a turn around. Why?I currently have it shorted and I’m losing money hand over fist.Who has the juice?EDIT: from the 8k filing: TLDR: Record breaking deposits, allowing them to pay off $Bil in variable loans. Over 2019 strong levels.•U.S. GAAP net loss of $407 million, or $(0.32) diluted EPS, and adjusted net loss of $395 million, or $(0.31) adjusted EPS, above the better end of the March guidance range of $425 to $525 million net loss for the second quarter of 2023 (see “Non-GAAP Financial Measures” below).•Adjusted EBITDA for the second quarter of 2023 was $681 million, at the high end of the March guidance range of $600 million to $700 million (see “Non-GAAP Financial Measures” below).•Record second quarter revenue of $4.9 billion. •The company saw continued acceleration of demand, with total bookings made during the quarter reaching a new all-time high for all future sailings.•Total customer deposits reached an all-time high of $7.2 billion (as of May 31, 2023), surpassing the previous record of $6.0 billion (as of May 31, 2019) by over $1 billion, a 26% increase compared to the prior quarter.•Cash from operations and adjusted free cash flow were positive in the second quarter of 2023. The company expects continued growth in adjusted free cash flow to be the driver for paying down debt over time (see “Non-GAAP Financial Measures” below).•Second quarter 2023 ended with $7.3 billion of liquidity following the prepayment of over $1 billion in near term variable rate debt.•The company is introducing its SEA Change Program, a set of key performance targets designed to achieve important strategic goals over a three-year period ending in 2026.Carnival Corporation & plc’s Chief Executive Officer Josh Weinstein commented, “We reached a meaningful inflection point for revenue this quarter, with net yields surpassing 2019’s strong levels, and we achieved positive operating income, cash from operations and adjusted free cash flow.”Weinstein continued, “We are already executing on our strategy to grow revenue by taking up ticket prices, even while maintaining record onboard spending levels, building occupancy and growing capacity.”Weinstein added, “Based on continued strength in pricing, we delivered outperformance in the second quarter and raised our expectation for revenue in the second half, which coupled with the interest expense benefit we are capturing from deleveraging will bring another $275 million dollars to the bottom line for the year.”Weinstein noted, “With bookings and customer deposits hitting all-time highs, we are clearly gaining momentum on an upward trajectory. We are focused on the durable revenue growth and margin improvement that will deliver on our SEA Change Program and propel us on the path to delevering and investment grade leverage metrics.” | 2023-07-24 |
590 | 11 | SVB financial group and first republic bank | null | 6 comments | 2023-06-30 | Question. Since these two financial institutions are gone. What is being traded under their stock tickers. Like the what are people buying and selling stocks for if these companies do not exist any more ? Sorry if it is a stupid question. | 2023-07-24 |
591 | 25 | r/Stocks Daily Discussion & Fundamentals Friday Jun 30, 2023 | null | 459 comments | 2023-06-30 | This is the daily discussion, so anything stocks related is fine, but the theme for today is on fundamentals, but if fundamentals aren't your thing then just ignore the theme and/or post your arguments against fundamentals here and not in the current post.Some helpful day to day links, including news:Finviz for charts, fundamentals, and aggregated news on individual stocksBloomberg market newsStreetInsider news:Market Check - Possibly why the market is doing what it's doing including sudden spikes/dipsReuters aggregated - Global newsMost fundamentals are updated every 3 months due to the fact that corporations release earnings reports every quarter, so traders are always speculating at what those earnings will say, and investors may change the size of their holdings based on those reports. Expect a lot of volatility around earnings, but it usually doesn't matter if you're holding long term, but keep in mind the importance of earnings reports because a trend of declining earnings or a decline in some other fundamental will drive the stock down over the long term as well.See the following word cloud and click through for the wiki:Market Cap - Shares Outstanding - Volume - Dividend - EPS - P/E Ratio - EPS Q/Q - PEG - Sales Q/Q - Return on Assets (ROA) - Return on Equity (ROE) - BETA - SMA - quarterly earningsIf you have a basic question, for example "what is EBITDA," then google "investopedia EBITDA" and click the Investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.Useful links:Investopedia page on fundamental analysis including Discounted Cash Flow analysis; see definition here and read their PDF on the topic.FINVIZ for fundamental data, charts, and aggregated newsEarnings Whisper for earnings detailsSee our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. | 2023-07-24 |
592 | Vote | Um eine Terrororganisation von innen zu stürzen, gehen die Agentinnen Cruz und Joe undercover. | https://alb.reddit.com/cr?za=4JSgSzlRWau7Nzn4FvL1NL2pNM8IlI7fIGvdlndwf5UotmmOs4R27ZL-eJltsehTwSViGhQ6EUF0We1w5lvzsemqNPgM1aFETnmkrsnd_9lioTJV51oHgxkhyyTtTGJt320md9OzidJetjbHzUsVe_ysgqwp3pL_Ek2WgJaGDpyYK5CNI7PD3SIuF4TzD2y3i-jN7HfUi4cWJSYMpHJXJo0JMw-FU-ZuXWe_9MWX_VVppEPm_EJGobBXSqptcTjlF6oYh_I9aaPG-i1HeaPhE0VrEMlTHEh1fnWUz33qkeOjeM-krt3RD90soWOTNnUJ45gFnZwPjuY0lLSgv3oqLdZxVn9dQDI2JEMm1tXJSInEIhfvrfClZ71ZvQyvk7EU9zNSHg&zp=souM-5fM6BE0RErTZ58DypFqXzX26WBWqZgBu3Dx0PZnd0gRZlYqgW3SZ4Bj7EysFee6XKjMSxCMbjXqbuKeqgwZZv5MeSKlP0dkt3FfYqbwczmFej_XRAXwgNaGKoxIzoa93woDJ699Msi2HY13FadwgebhUXVmsPSVVBWXXkJhofowWTfRq3XOCcwAypQY | 0 comments | null | null | 2023-07-24 |
593 | 5 | What is causing the insane volatility in recent months? | null | 31 comments | 2023-06-30 | With Nasdaq moving nearly 500 points within 4 trading days (6/26 at 13,337 to today 6/30 at 13,804) and many days with 1-2 percent of intraday movement, what is causing the market moving so erratically? | 2023-07-24 |
594 | 123 | An overlooked angle of the Supreme Court, student loan decision tomorrow | null | 287 comments | 2023-06-29 | The Supreme Court will give a decision on the student loan relief tomorrow. Personally, with the conservative justices on the court, I don't think that student loan relief will go through. Either way, student loan payments are starting back up this fall.I'm not sure what the numbers would be if it passes, but if it doesn't, the average payment is going to be $350/month. With 40M borrowers, that's $14B/month total in student loan payments. Some think that this will have a negative effect on the economy and markets. Sure, it will affect discretionary, consumer spending. Some of that money is probably going into markets as well. I think that it could have a small effect, but not as big as others are predicting. $14B/month is a good chunk of money, but is peanuts compared to the $95B/month that the Fed is doing in QT and the $900B in new debt issuance that the Treasury still needs to do before October.Although, I just thought of something else...There could be some people out there that have been saving up the money that they would have used for student load payments. $350/month over 3 years is $12.6k. There could be some people out there that thought, "Gee whiz. Even though payments are on pause, I should still pay down my loans. However, $10k of my loans might get forgiven, and I wouldn't want to pay off something that is going to get wiped away. So.... I'll take $10k and save/invest it. If relief doesn't pass, I'll just use that money to pay towards my loans. If it does, then I'll have $10k."Now, I don't have a lot of faith in the financial responsibility of the US population, but let's say that a meager 10% of borrowers (4M) did this. That would translate to $40B. Adding it to the monthly payments of $14B would mean that $54B would come out of the economy at the beginning of October.Again, it's a lot smaller than the operations of the Fed and Treasury, but this scenario playing out would give it more teeth than expected. | 2023-07-24 |
595 | 610 | First-quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision | null | 212 comments | 2023-06-29 | The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought, according to a big upward revision Thursday from the Commerce Department.Gross domestic product increased at a 2% annualized pace for the January-through-March period, up from the previous estimate of 1.3% and ahead of the 1.4% Dow Jones consensus forecast. This was the third and final estimate for Q1 GDP. The growth rate was 2.6% in the fourth quarter.The upward revision helps undercut widespread expectations that the U.S. is heading toward a recession.According to a summary from the department’s Bureau of Economic Analysis, the change came in large part because both consumer expenditures and exports were stronger than previously thought.Consumer spending, as gauged by personal consumption expenditures, rose 4.2%, the highest quarterly pace since the second quarter of 2021. At the same time, exports rose 7.8% after falling 3.7% in the fourth quarter of 2022.An 8.7% boost in the Social Security cost-of-living adjustment likely boosted the consumer spending numbers, said Scott Hoyt, senior director at Moody’s Analytics.“Overall, however, the economy remains admirably resilient, and odds of a recession beginning this year are receding. But the coast is far from clear,” he said.There also was some good news on the inflation front.Core PCE prices, which exclude food and energy, rose 4.9% in the period, a downward revision of 0.1 percentage point. The all-times price index increased 3.8%, unchanged from the last estimate.Federal Reserve policymakers most closely watch core PCE as an inflation indicator. Through a series of rate increases, the Fed is trying to get inflation back down to 2%.The rate hikes are targeted at slowing down an economy that in the summer of 2022 was generating inflation at the highest level since the early 1980s.One specific focus for the Fed has been the labor market. There currently are about 1.7 open positions for every available worker, and the tightness has resulted in a push higher for wages which generally have not kept pace with inflation.“Obviously, while the baseline forecast calls for the economy to skirt recession, risks are extremely high. It would take little to push the economy into recession,” Hoyt said.A separate report Thursday from the Labor Department pointed showed that initial jobless claims fell to 239,000 for the week ended June 24. That was a decline of 26,000 from the previous week and well below the estimate for 264,000.Source: https://www.cnbc.com/2023/06/29/first-quarter-economic-growth-was-actually-2percent-up-from-1point3percent-first-reported-in-major-gdp-revision.html | 2023-07-24 |
596 | 35 | Better Buy: PayPal or Block? | null | 74 comments | 2023-06-30 | PayPal is a huge player in the industry, and it has a favorable financial profile.Block controls two powerful ecosystems that have long expansionary runways.Investors need to figure out if they care more about value or growth.In the battle of these payment companies, which one stands out?PayPal (PYPL -0.26%) and Block (SQ -0.59%) are leaders in the lucrative digital payments industry. Each has carved out a valuable niche in the broader sector, and they have proven to be pioneers in displacing cash. Shares of both are down big from their peaks, presenting investors with a potential opportunity.Which one of these top fintech stocks is the better one to own? Let's look at the investment merits of both PayPal and Block before coming to a conclusion.PayPal: A digital payments giant with strong financialsWith 433 million active accounts and $1.36 trillion in 2022 total payment volume, PayPal is an industry juggernaut. It is not only a popular service that allows merchants to accept cashless payments but the most ubiquitous digital wallet, with a huge lead over second-place Apple Pay. In fact, PayPal is accepted by 79% of the top 1,500 online merchants across North America and Europe.During the worst of the pandemic, when consumers were flush with cash and spending more money online, PayPal boomed. But as things normalized, coupled with the current uncertain macroeconomic environment, growth has slowed dramatically. Revenue in the first quarter of 2023 (ended March 31) was up 8.6% year over year, a sharp deceleration from the double-digit percentage gains of a couple of years ago.However, this business possesses a wonderful financial profile, with net cash on its balance sheet of $4.4 billion (as of March 31). Over the past five years, the company's quarterly operating margin averaged 16%. And in 2022, PayPal generated $5.1 billion of free cash flow, with the expectation to produce $5 billion this year.PayPal shares are currently 79% off their all-time high. And they are down 7% in 2023, while the Nasdaq Composite Index has jumped 30%. As a result, the stock trades at a trailing price-to-earnings (P/E) ratio of 28 and a forward P/E of 13. Based on the stock's historical valuation, this is a very attractive entry point for investors to buy the leader in electronic payments.Block: Two budding ecosystems with huge growth potentialBlock's original business plan was based on making it possible for smaller merchants to accept card payments. Today, this is known as the Square segment, which processed $46.2 billion in gross payment volume (GPV) in the first three months of 2023. A key trend that has benefited this division is Square's ability to attract large merchants or those that handle annualized GPV of at least $500,000.On the other side of the equation, Block also has a compelling personal finance offering known as Cash App, which has 53 million monthly active users. Customers can send or receive money, set up direct deposit, or buy stocks and Bitcoin. Cash App registered a gross profit of $931 million in the last quarter, up 49% compared to the first quarter of 2022.Block's growth strategy centers on launching new product and service features, as well as entering new markets. The company currently operates in the U.S., Australia, U.K, Japan, Spain, Canada, and France, so it does have notable international exposure and the potential for more. Looking at the bigger picture, the management team thinks Block's total addressable market (in terms of gross profit) is $120 billion, up significantly from previous estimates.As of this writing, Block's stock is down 77% from its peak price in August 2021. As the Federal Reserve hiked interest rates to fight inflation, investors have soured on growth tech stocks, a category that Block occupies. Although Block posted a $553 million net loss in 2022, Wall Street analysts expect the business to start producing positive and rising net income this year.It's all about what investors prioritizePayPal has a valid investment case thanks to its strong financial profile, increasing engagement, and low valuation. And this might be enticing for some investors who want a more mature, cash-generative business.Block might catch the eye of investors who are more interested in sizable growth prospects. Additionally, if you are bullish on Bitcoin but aren't comfortable buying it directly, Block could give you the exposure you are looking for through its Cash App and other Bitcoin-focused segments.It's ultimately up to you to decide what aspects are more important to the investment decision. | 2023-07-24 |
597 | 5 | Industry Research | null | 4 comments | 2023-06-30 | This is a discussion question about ur opinion on retail market research and ethical boundaries.Context: basically i am doing research on profile energy and they gave 80% market share of their primary oil and gas market largely due to the superiority of their tech and how niche their sub-segment of a sub-segment is and so their products cost a premium to the 3 competitors they have. In order to get a good view of the tech superiority i requested a quote and made up a realistic story in order to get a cost estimate from their competitors.I have also emailed many funeral homes for pricing to compare to local competition to evaluate the players carriage services.Basically as a retail investor, we don’t have access to in depth market research and it isn’t possible to do research like Hindenburg did with luck in coffee and track customer in flow.So what is your opinion on the ethical nature of doing this and likely wasting someone’s time? | 2023-07-24 |
598 | 3 | Is this a good time to pick up bank stock/etf? Is the recent inflation/unemployment data good or bad for banks? | null | 13 comments | 2023-06-30 | What I gathered from reading up on bank stocks:Higher interest rates are good for banks as they benefit from the greater spread between the interest they pay to depositors and the high interest they earn from their own investments (unless you're Bank of America I guess).But banks are cyclical stocks and interest rates tend to slow down the economy.Question:If you own a bank ETF what conditions are you rooting for? Higher or lower interest rates?Is this a good time to get into a general bank ETF and/or regional bank ETF? They are still down due to the banking crisis, but interest rates remain high (but might start going down next year), top banks have just passed the stress test, and most economists agree even if we go into a recession it will only be a mild one. | 2023-07-24 |
599 | 7 | $GRVY - Great financials, very low valuation. Any thoughts? | null | 10 comments | 2023-06-30 | Gravity is a game development company, the majority of the shares are owned by GungHo. It has growing revenues and net income year after year. It’s margins are very good, it has no debt and lots of cash. What’s the catch?They don’t seem to do anything with their cash pile and they rely on their Ragnarok franchise. But the franchise is very popular in south east Asia and has been around for about twenty years.I’ve taken a small position, I’d like to buy much more but I’m not sure what to think. | 2023-07-24 |
600 | 23 | Das mit Spannung erwartete Einzelspieler-Weltraum-Action-RPG EVERSPACE 2 erscheint am 15. August 2023 für PlayStation 5 und Xbox Series X|S! 🚀🚀🚀 Jetzt mit 20% Rabatt auf PlayStation vorbestellen oder an Tag 1 über Xbox Game Pass spielen und beim Kauf 20% sparen! | https://alb.reddit.com/cr?za=k9v1HqAiaDPbPRGqqK5Vb9N787NpxvmERiWV0TnMKWoGmGJAugMPOSrEYPUg8ymRk5WnBTLQOoD40_EmcidIeNSSf1F4I_SsCaylsQeXubLJtPujk6jpV79ZimxQSkyHm_ucpoWh5kaiq_NxaVyxY3JjfFJuqKwWRg4DFhihvl9OGYHKS2eyNE9wzOFYczTP7B_4NOpwUXJrK1Xd6Xhjy7i9QJIB4Mgb77tOfFGtWeT-KbnPhzGW-bBg92DmOfvE3pXMsCzu8XPqv5M2Bilyg5g4KTpdDuI5PtZ75ktRPXPKGoh_NeRDeMuLUyqHkGGUzGyFblYfqxNOkwgsCCoHwzT-naMpAS-cuPsJTsG1CbCIfh-88udBICXmv6-o7w&zp=oaTwlOob5EFVgcmXnfe_WWcL6pXL7FALrN1MPRo60pGoND5DP9woZcgWdTL-XS18pSOdJnC3izbHrei9-zjImCFPNgBOA8ubCPsU_-hFxpq8bQHKF5canT5SBC3fPVxWIOCu50mWgi7PEILBVkUi2G2gr7JU7lylmMOeOHrh9DxcFJVFcX3zB9es3Yk | 0 comments | null | null | 2023-07-24 |
601 | 0 | Observe these 3 stocks for remarkable earnings growth. | null | 6 comments | 2023-07-01 | Earnings are a measure of how much money a company makes. As a result, earnings growth will continue to captivate nearly everyone in the investment world. However, earnings acceleration is more effective in raising stock prices.According to studies, the most successful stocks have seen an increase in earnings prior to an increase in stock price. Constellation Energy Corporation (CEG), Carnival Corporation & plc (CCL), and Marathon Digital are three notable companies that have seen solid earnings growth recently (MARA).Earnings acceleration, in fact, is the incremental growth in earnings per share of a company (EPS). In other words, earnings acceleration occurs when the rate of a company's quarter-over-quarter earnings growth accelerates within a specified time frame.Earnings growth requires you to pay for something that is already reflected in the stock price. However, earnings acceleration can help identify stocks that haven't yet captured the attention of investors. Once secured, the share price will almost certainly rise. This is due to the fact that earnings acceleration takes into account both the direction and magnitude of growth rate.An increasing percentage of earnings growth indicates that the company's fundamentals are sound and that it has been on the right track for some time. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, whereas a decelerating percentage of earnings growth may occasionally drag down prices.Screening ParametersConsider stocks whose last two quarter-over-quarter percentage EPS growth rates have exceeded the previous periods' growth rates. The projected quarterly percentage EPS growth rates are also expected to be higher than the growth rates in previous periods. Price currently greater than or equal to $5: This eliminates low-priced stocks.A 20-day average volume greater than or equal to 50,000 indicates that the stocks have adequate liquidity.The above criteria reduced the universe of approximately 7,735 stocks to only three. The stocks are as follows:Constellation Energy generates and sells electricity in the United States. Zacks Rank #2 CEG’s expected earnings growth rate for the current year is 938.8%.Carnival Corporation engages in the provision of leisure travel services. The company currently has a Zacks Rank #3. CCL’s expected earnings growth rate for the current year is 95.3%.Marathon Digital is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. The company currently has a Zacks Rank #3. MARA’s expected earnings growth rate for the current year is 113.7%. | 2023-07-24 |
602 | 326 | Polestar is the latest EV maker to announce a move to Tesla’s North American charging standard | null | 100 comments | 2023-06-29 | https://www.cnbc.com/2023/06/29/polestar-moves-to-tesla-charging-standard.htmlSwedish electric vehicle maker Polestar said Thursday that it has signed a deal with Tesla that will allow drivers of its EVs to charge at about 12,000 Tesla charging stations in North America starting next year. New Polestar vehicles sold in North America will come standard with the Tesla-designed North American Charging Standard, or NACS, plug starting in 2025. Owners of existing Polestars will be able to charge at Tesla’s Supercharger stations with an adapter starting in mid-2024.Polestar’s deal follows an identical one announced by corporate sibling Volvo Cars on Tuesday. Ford Motor, General Motors and Rivian have also announced similar deals with Tesla in recent weeks. “We salute the pioneering work Tesla has done to speed up the adoption and increase the popularity of electric vehicles, and it’s great to see the Supercharger network being made available in this way,” said CEO Thomas Ingenlath. “This move will greatly increase the rate of EV adoption in a key automotive region.”Most non-Tesla EVs and charging stations in North America use a plug design called CCS, which stands for Combined Charging System. Recent studies have found that CCS charging networks have much lower reliability than Tesla’s network. Critics have also noted that the CCS fast-charging plug is significantly larger and heavier than the NACS plug, making it difficult for some older or disabled drivers to use. Tesla EVs can use CCS chargers with an adapter, but currently only Tesla EVs can use Tesla chargers. Tesla’s plug design was proprietary until November, when the company published the technical details of its system and made it available to other automakers and makers of EV chargers. | 2023-07-24 |
603 | 1 | What Acquisitions and Mergers are waiting for regulatory approval for the stock to pop? | null | 1 comment | 2023-06-30 | I jumped ship on Microsoft’s Acquisition of Activision with a small bump. MSFT offered 95/share, but has headwinds enough I decided the risk of the FTC blocking it was too much. It’s an interesting style of play to me.Are there any other similar, all-cash deals going on where regulatory pressure is holding back the stock price? | 2023-07-24 |
604 | 10 | Should you buy more stocks from a company you already own own several months later ? | null | 59 comments | 2023-06-30 | Pure noob here, there's something I'm having a hard time understanding.Assuming I buy a stock $100 and I'm planning to invest in that same company regularly on the long run because can't buy 20 stocks at once.Let's say this stock is worth $110 about 4 months later and I have fresh cash to invest. Is it a good idea buying this same stock at $110 again ? Wouldn't that be totally counterproductive towards the gains I already made ?But then how are you supposed to progressively invest in a company on the long run without shooting a bullet in your own foot ?Thanks! | 2023-07-24 |
605 | 3 | New Brokerage Account, waiting for settled cash | null | 9 comments | 2023-06-30 | Just opened up my first account. Looking to get invested in some stocks, one in particular that is slowly rising. I ETF’d some money into my account, but I’m not allowed to use it yet.The frustration is that while I’m waiting for it to settle, the stock I’m keeping an eye on is going up. I’m new to this, but I thought I remembered some aspect of trading where you could get “Holds” on a stock price in certain trading situations. (Forgive me if my lingo is ignorant)Am I S.O.L. until the funds settle? | 2023-07-24 |
606 | 170 | US weekly jobless claims post biggest drop in 20 months | null | 40 | 2023-06-29 | ERROR: type should be string, got "https://finance.yahoo.com/news/us-weekly-jobless-claims-fall-124634832.html\n\nThe number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, offering an upbeat picture of the labor market that could see the Federal Reserve continuing to raise interest rates to cool demand.\n\nThe unexpected decline in applications reported by the Labor Department on Thursday reversed a recent jump, which had left initial jobless claims over the prior three weeks hovering at levels last seen in October 2021.\n\nThe elevated readings had led some economists to conclude that layoffs were picking up as the economy starts to feel the impact of the Federal Reserve's hefty interest rate increases. The U.S. central bank, which has raised its policy rate by 500 basis points since March 2022, signaled this month that two additional rate hikes were likely warranted this year.\n\n\"For now, there is no sign of a substantial deterioration in demand for workers,\" said Rubeela Farooqi, chief U.S. economist at High Frequency Economics in White Plains, New York.\n\n\"A tight labor market will keep the rate path on an upward trajectory, until policymakers see a material rebalancing in supply and demand.\" Initial claims for state unemployment benefits decreased 26,000 to a seasonally adjusted 239,000 for the week ended June 25. The drop was the largest since October 2021.\n\nEconomists polled by Reuters had forecast 265,000 claims for the latest week.\n\nRecent policy changes in Minnesota making tens of thousands of hourly paid school workers eligible for state unemployment benefits during the summer break accounted for some of the increase in claims in the first three months of June. Fraud in some states was also probably an issue.\n\nUnadjusted claims dropped 17,843 to 233,048 last week. Claims tumbled 10,108 in California and plunged 9,187 in Texas. They dropped 3,263 in Pennsylvania, while Minnesota reported a 2,387 decline in applications. These decreases offset a 6,013 surge in Connecticut and a 5,206 jump in New Jersey.\n\nClaims, relative to the size of the labor market, are well below the 280,000 level that some economists say would signal a significant slowdown in job growth. Employment growth has averaged 314,000 jobs per month this year.\n\nJob growth is being driven by the services sector, including the leisure and hospitality category, which is still catching up after businesses struggled to find workers over the last two years. Industries like healthcare and education also experienced accelerated retirements during the COVID-19 pandemic.\n\nThe number of people receiving benefits after an initial week of aid, a proxy for hiring, fell 19,000 to 1.742 million during the week ending June 17, the lowest level since February, the claims report showed. The so-called continuing claims are low by historical norms, indicating that some laid-off workers were experiencing shorter spells of unemployment.\n\nA survey from the Conference Board this week showed consumers' perception of the labor market was upbeat in June, with more viewing jobs as \"plentiful\" relative to May, and a slight decline in the share who believed that jobs were \"hard to get.\"\n\nContinuing claims covered the period during which the government surveyed households for June's unemployment rate. Continuing claims fell between the May and June survey periods. The unemployment rate was at 3.7% in May.\n\nLabor market strength helped to prop up in the economy in the first quarter, through an acceleration in consumer spending, which offset the drag from a sharp slowdown in the pace of inventory investment by businesses.\n\nGross domestic product increased at a 2.0% annualized rate last quarter, the Commerce Department said in its third estimate of first-quarter GDP on Thursday.\n\nThe upward revision from the 1.3% pace reported last month reflected upgrades to consumer spending and exports.\n\nThe economy grew at a 2.6% pace in the fourth quarter. Economists had expected first-quarter GDP growth would be raised slightly to a 1.4% pace.\n\nCorporate profit estimates were also revised higher to show a slower pace of decline than initially reported." | 2023-07-24 |
607 | 4 | (6/30) Friday's Pre-Market Stock Movers & News | null | 0 | 2023-06-30 | Good Friday morning traders and investors of the r/stocks sub! Welcome to the final trading day of the week, month, quarter and H1. Here are your pre-market movers & news on this Friday, June the 30th, 2023-
Stock futures rise as S&P 500 closes out huge first half gain: Live updates
Stock futures rose as traders looked ahead to Friday’s May jobs report and cheered lawmakers passing a debt ceiling bill that averts a U.S. default.
U.S. equity futures rose Friday as Wall Street looked to cap off a banner start to 2023 and the best first half for the Nasdaq Composite since 1983.
Futures tied to the Dow Jones Industrial Average gained 105 points, or 0.3%. S&P 500 futures ticked higher by 0.4%, and Nasdaq 100 futures advanced 0.5%.
Apple shares rose nearly 1% before the bell to trade above a $3 trillion market cap. Elsewhere, Nike shares fell about 3% after the apparel giant reported a weaker-than-expected quarterly profit.
Friday is a pivotal day for investors, marking not just the end of the June, but also the conclusion of the second quarter and the first half. Here is where the indexes stand as of Thursday’s close:
For June: The S&P 500 has gained 5.18% and is on pace for its best monthly performance since January. The Nasdaq has advanced 5.07%, and both it and the broad-market index are heading for a fourth consecutive positive month. The Dow has climbed 3.69%, and it’s on track for its best month since November.
For the second quarter: The S&P 500 has risen 6.99% and is tracking for a third straight quarter of gains. The Nasdaq touts a gain of 11.2% for back-to-back positive quarters. The Dow has jumped 2.55%, but it’s also on pace for a third winning quarter.
For year to date and the first half: The S&P 500 has popped 14.51%, and it’s heading for its best first half since 2018. The Nasdaq has surged nearly 30%, tracking for its best first half since 1983. The 30-stock Dow has a more modest gain of 2.94%.
The three major averages are also on pace for winning weeks, with the S&P 500 and Dow up more than 1% each, and the Nasdaq tracking for a 0.7% increase.
Investor attention is on May core PCE data, the Federal Reserve’s favored inflation gauge, due out at 8:30 a.m. ET on Friday. The core personal consumption expenditures price index is expected to show a 0.3% increase, according to economists polled by Dow Jones. On an annual basis, the gauge is expected to have increased 4.7% — the same rate at which it grew in the prior month.
Stephanie Lang, chief investment officer at Homrich Berg, said there’s a push and pull between a soft- landing scenario that’s driven by strong economic data and the Fed, which is positioning for a tougher tone going forward.
“Even though the economic data has been strong … the Fed has continued to surprise on the upside in terms of how far they could go with their tightening,” she said. “They’ve made it clear that inflation remains their top priority, and they can do that because the job market has remained so strong, but you know, their ultimate goal is to tighten enough that you see some economic weakness so there’s less inflationary pressure.”
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DISCUSS!
What's on everyone's radar for today's trading day ahead here at r/stocks?
I hope you all have an excellent final trading day of this week, month, quarter and H1 ahead on this Friday, June 30th, 2023! :) | 2023-07-24 |
608 | 11.2k | Geopolitics is your sandbox | https://alb.reddit.com/cr?za=m4_ukBGUD3APpSM1sa43kwI-cR3jlYQED0EqxxUkjzCs_qM_NDK9rASXtx5MkliJo6SOw5tuSmqFuYv1w3MsQNxTFRdxSlB5F4NTctOSj89ZHNiZRB7YJH7Ey38KyBTUlooI0P2PjRKtabNhKt2MKIvb040Dyk83TvpqH4f8czEv4VZQc69Ixe6IIqbpye0aAv3xWggYozYPe9yRrO8ORj_aEfM-CJppF54c9FnpcyaA27Avjouqu3Gd7XCyg9Fp7KYAlXBDXxlU1VAtdsmTyuQnZGQk8oUCJ96iFAROvvqB1SoGJnZObSwFD1NsO6JQgrxqhq9c55oT6Cq3j2ON_FWPds8TST3acCV5V0W2xCpLtRaaTtBU3VkhjsaFirHmwZ8h&zp=DdgfyoaVwsYSaz0F3jN6tKZWlV2lGB4Trh8Fp0gTnK2gfkPkG_x0qA1s-Bv_dgNZVue63485WL3TkNKVhq640KujTHIjQgVjAfODkhikA7ZbASkgGi6J-yerTgEwlKaq-ErcOga93TsLioVit3km1ArOdm8t-YXpUc_CPYJ3g8Jjub6bNSZVot5m2IqklDaH43T3RTDPEw | 1.9k | null | null | 2023-07-24 |
609 | 8 | IonQ Partners with South Korea’s Ministry of Science and ICT to Boost Regional Quantum Computing Ecosystem and Cultivate Quantum Talent | null | 0 | 2023-06-30 | Quantum computing leader, IonQ, has signed a Memorandum of Understanding (MOU) with South Korea’s Ministry of Science and ICT, aimed at fostering the growth of the country's quantum computing ecosystem. Under the agreement, IonQ will leverage its resources and expertise to operate an educational, training, and leadership development program for quantum science and technology professionals, including master's and doctoral students, postdoctoral researchers, and industry professionals in South Korea. This collaboration is part of South Korea's ambition to become a global quantum-centered economy by 2030. The MOU was signed at the Quantum Korea 2023 event, hosted by the Ministry of Science and ICT in Seoul.
https://ionq.com/news/ionq-signs-agreement-with-south-koreas-ministry-of-science-and-ict-to | 2023-07-24 |
610 | 0 | TD Ameritrade negative 5 star review! | null | 11 | 2023-06-30 | Today I wanted to get a couple of trades before the holiday week next week. My trades were rejected. Had to call customer service. They revoked my ability to trade. I have had this account for about 15 years. No explanation given. Just look for a notice in the mail. I am pretty steamed. I hope this counts as my negative 5 star review. | 2023-07-24 |
611 | 0 | Reasons Vision Pro will be massive and you shouldn’t sleep on it:
Company Discussion | null | 34 | 2023-06-30 | The introduction of VR apps will be huge, much like when apps and the iPhone were first introduced. A whole new market is in the process of forming right now. We will see million dollar companies that specialize in creating VR experiences.
Sporting events, festivals, concerts, entertainment events in general- will have a whole new product and experience to offer through VR experiences. We’ll see major VR production companies rise and form partnerships with big names like Disney, ESPN .
Much of the world is introverted. The Vision Pro will allow those who want tyo experience their favorites events to do so in a way they feel comfortable. Those who don’t have time to travel or just want an elevated experience rather than just watch a tv screen, will have a fully immersive experience available to them.
You will see them used as on the go offices, and will be an infinitely valuable tool for those who like to visualize their projects- this- will be a mother major market formed in the VR space. As AI/AR technology advances and integrates, you’ll see the Vision Pro used in major construction and industrial projects. As well as major media and art’s projects.
Then there’s comes the simplicity as being used as a memory saver. Much like the camera and video camera being used to collect and recall our favorite memories throughout our lives, the VP is the next evolution of that. Imagine someone using their Vision Pro to record their 21st birthday, their marriage, their children- then 60 years later being able to fully immerse themselves in those memories as an 80+ year old human. The value of that alone is infinite.
Apple will be a $350+ stock this time next year | 2023-07-24 |
612 | 19 | Napkin Math Valuation- JD.Com ($JD) | null | 25 comments | 2023-06-29 | Hey everyone, today I'll be doing napkin math valuation to value JD.com. My valuation will be quite different from many company analysis usually seen on this subreddit as personally, I can't be bothered to read what a company actually does. I'm more interested in its financial statements. If they pass my napkin math hurdle rate of return, then maybe I'll actually read their investor presentation. To start off, let's look at JD.com.Financial statement summary:in $MnRevenue% YoY GrowthEBITDAEBITDA MarginTotal DebtExcess CashMarket CapEVEV/EBITDAFY1864,682.77-414.850.64%$ 1,382.36$ 5,081.72$ 30,420.00$ 26,720.6464.41FY1980,764.3224.86%1,531.321.90%$ 1,407.14$ 8,620.36$ 51,730.00$ 44,516.7829.07FY20104,412.2829.28%2,346.682.25%$ 1,754.20$ 20,532.68$ 137,290.00$ 118,511.5250.50FY21133,222.8827.59%1,344.841.01%$ 1,314.04$ 25,946.34$ 109,620.00$ 84,987.7063.20FY22146,473.049.95%3,581.202.44%$ 4,232.62$ 30,793.84$ 97,840.00$ 71,278.7819.90CAGR17.76%5 yr average1.65%Average Multiple45.42This information was taken off of tikr. I was a little confused by their currency translation as going from RMB to USD, the revenue growth numbers were different. As a result, I just took their RMB information and multiplied it by 0.14, the current exchange rate.The current market cap for JD is 53.64B. As we can see, JD has an astonishing 30.8B in cash with a net debt of 26.5B. After subtracting out their cash, we get a market cap of 27B.To reiterate, their EBITDA was 3.6B. This gives us an EV/EBITDA multiple of 7.5 which is obviously crazy low. Using statista.com, we can see that the EV/EBITDA for the sp500 consumer discretionary sector is 14.44, about 92% higher.What could JD look like in 5 years? Let's put in some assumptions: Given that retail is not known for its high growth rates and profit margins are razor thin and our goal is not to lose money, we should be pretty conservative. We'll assume a 4% revenue CAGR and a 1.5% EBITDA margin, 10% less than their 5 yr avg. We'll also assume an exit multiple of 13x, 10% less than the 2022 sp500 avg and no share dilution. In exchange for us putting our money into this stock, we'll expect a return of 15% annually. Here's the numbers:2023$ 152,331.964%1.5%$ 2,284.982024$ 158,425.244%1.5%$ 2,376.382025$ 164,762.254%1.5%$ 2,471.432026$ 171,352.744%1.5%$ 2,570.292027$ 178,206.854%1.5%$ 2,673.10Exit Multiple13EV$ 34,750.34Less: Debt$ (4,232.62)Add: Cash$ 30,793.84Market Cap$ 61,311.56Diluted Shares1,566(in Mn)Share Decrease0.00%2027 Price$ 39.15Current Price:$ 34.00Desired Return15.00%Buy Price$ 19.47Given our assumptions, JD isn't that great of an investment and we should wait for it to drop lower before buying.What about if we're more bullish on the stock? We'll upgrade our multiple to 14.4x and increase our revenue growth assumptions to 10% and our EBITDA margin to 2.25%.2023$ 161,120.3410%2.25%$ 3,625.212024$ 177,232.3810%2.25%$ 3,987.732025$ 194,955.6210%2.25%$ 4,386.502026$ 214,451.1810%2.25%$ 4,825.152027$ 235,896.3010%2.25%$ 5,307.67Exit Multiple14EV$ 74,307.33Less: Debt$ (4,232.62)Add: Cash$ 30,793.84Market Cap$ 100,868.55Diluted Shares1,566(in Mn)Share Decrease0.00%2027 Price$ 64.41Current Price:$ 34.00Desired Return15.00%Buy Price$ 32.02Unfortunately, JD would still be considered not a buy as it would need to drop 6% as of today's closing price of $34 to be considered a buy.In conclusion, while JD seems extraordinarily cheap, it would need to have incredible growth over the next five years to justify buying it at its current share price. Factor in geopolitical tensions and general distrust of chinese stocks, JD is unfortunately not a buy with simple napkin math.Let me know if you enjoyed this post and if so, leave a ticker! Criticism is always appreciated, thank you! | 2023-07-24 |
613 | Vote | Verliebt, verkatert, hyped oder entspannt. Das Radio SRF Virus ist live mit dir, für alle deine Moods. Mit unseren fünf Hosts mit fünfmal mehr Charakter. Jetzt reinhören und mitreden. | https://alb.reddit.com/cr?za=YBeCPfrkTy59JDRvAGV1OqBiMUbiNDIgKEb7ihC7UtMgQle0-iQy-NRGgEumwhjqjyX3sAwajsJWWaURWikx3DJ4brZbDaRuIO0op6CQlk9wrk86bMN2cU1r2rp0cVuc71uSTn2u8hgWt2Jai7K-zmNYYQqUnYkumaKpIsk-ROlQXT0QpkihVC_Sd0Snmt1T2hyiPJ28UhwfSiWEarOExMZdZX5s9Pex5vT_fDdzYPI-9AJJEGUIqZ-lr2i72ACYuiCSJNpLDFSc5CizObxvVHZhldBi6LlCoCE6cSFUBgn3i4kvomu6h2ulxoo2iuPUKOQGI8POEDgX9YNL0_BjVHJqMCTZBW4kfFSPLzJJNHl2zerpUXvD2LtawwxRyeGg&zp=O7EhaRWC5G3y0nz4DY9dJoJSxvXjrTnxdRdoJcBZZJCIun494e4RXxNcSY1ouQmFTPWgzDSwnlFFtxEaS5XtlYnrkXiX8ZwJLXpHJJpZKvObN14cGkhWWC3WHUbwIT34jQ6fnBfYmx9CE_VEdLzVEbjdwBJFmdJGcq-zTX0-53qUL_I81jRlqRIfedomncNxPv22EklaTLYxR-dAqluJqaqSV-ycNIx7uNboiBsO63DvA-nvstjD8lskEcVma0A62sMWt3I6fQ | 0 comments | null | null | 2023-07-24 |
614 | 17 | Novartis Stock | null | 15 comments | 2023-06-29 | Dear Stockers,I have a considerable amount of my portfolio in Novartis shares (+-50%) - reason - I used to work for them. The share price is not that far from ATH.Would you suggest that I sell the stock or should I keep it for the dividend? The divindends are not that bad and they have been increasing it. Do you think this is a stock to hold long term?Thank you for your advice! | 2023-07-24 |
615 | 1.3k | Fed - Banks have enough capital to continue lending even if unemployment were to hit 10% and the stock market were to plunge 45%. | null | 268 comments | 2023-06-28 | All 23 US banks that participated in a new Federal Reserve stress test would be able to withstand a severe global recession, demonstrating the strength of the biggest financial institutions at a time when the banking industry still is on uncertain ground.Results released by the Fed Wednesday show that these banks would have enough capital on hand to absorb losses and continue lending even if unemployment were to hit 10% and the stock market were to plunge 45%.Their projected losses would amount to $541 billion under that hypothetical scenario.The biggest of the group - JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) – all would have capital buffers well in excess of the Fed’s 4.5% minimum requirement under this extreme scenario.Same goes for the mid-sized regional banks that were a part of this test, including PNC (PNC), Truist (TFC) and M&T (MTB)."Today’s results confirm that the banking system remains strong and resilient," Fed Vice Chair for Supervision Michael Barr said."At the same time, this stress test is only one way to measure that strength. We should remain humble about how risks can arise and continue our work to ensure that banks are resilient to a range of economic scenarios, market shocks, and other stresses."Results did vary widely across the industry, however. The bank with the highest capital ratio under the Fed’s “severely adverse scenario” was Charles Schwab (SCHW), one of the lenders that came under a lot of investor scrutiny earlier this year as other banks stumbled.The bank with the lowest ratio was Citizens Financial (CFG), a regional bank based in Rhode Island. Other banks with the smallest capital buffers were regional institutions that pale in size next to the giants of the industry.But the giants also posted the biggest projected net income losses under the Fed’s “severely adverse scenario,” led by Citigroup's $34.9 billion. Wells Fargo had $32.9 billion and JPMorgan had $30.1 billion.Goldman, perhaps the most storied name on Wall Street, had the highest amount of estimated losses from commercial estate loans and credit cards.It also recorded the highest losses in separate Fed assessments of how the trading books of the biggest banks would perform under “global and exploratory market shocks.”The Fed’s test, an annual rite of the industry since the 2008 financial crisis, is the first to be released since turmoil roiled the banking world following the failure of First Republic, Silicon Valley Bank and Signature Bank this spring.Banks typically use the results of the annual Fed stress tests to determine how much they should have on their balance sheet to absorb shocks and how much they have left over for dividends and buybacks. Later this summer, however, they are also bracing for a new set of higher capital requirements from the Fed that will force some of them to hold even greater buffers against losses.These tougher rules were already in the works before the collapse of several regional banks in the spring, but regulators made it clear in the wake of those troubles that they wanted to make sure their new approach applied to mid-sized institutions similar in size to a First Republic or a Silicon Valley Bank. Both had more than $200 billion in assets at the time of their failures.Federal Reserve Chair Jerome Powell said last week he does not expect smaller community banks to be subject to the higher capital requirements. Institutions with at least $100 billion in assets may have to comply.Forcing banks to amass greater buffers has pros and cons for lenders, regulators and the economy. It will increase the stability of these institutions, but it will also make it more difficult to earn robust profits and could cause banks to pull back on certain types of lending.Powell discussed this balance last week.“It’s always a trade-off,” he said. “More capital means more stable, resilient banking systems. It can also at the margins mean less credit availability…there is no perfect way to assess that balance.”Barr, the vice chair of supervision, said last week the Fed is also exploring "reverse stress testing" that could be used as a tool to make banks more resilient by helping supervisors recognize more exogenous issues that could go wrong instead of patterns from the past regulators have been trained to catch.The Fed first started applying stress tests to a wide group of banks in 2009, as the last financial crisis was still raging.It was mandated annually by law for institutions with more than $100 billion in assets as part of legislation that passed in 2010. A law passed in 2018 tailored the tests by banks’ size, meaning those in the range of $100-$250 billion would be tested every other year.Democrats and regulators have been critical of that 2018 adjustment, arguing it could have helped prevent the problems that amassed at Silicon Valley Bank, which had not gone through a stress test before it failed.Some in this year's test — BMO Financial, Citizens, M&T and RBC US Group — were among the every-other-year banks that weren’t scheduled to be tested again until 2024.But the Fed required BMO, Citizens and M&T to be tested again in 2023, and RBC also opted in to the 2023 exam. All four banks had capital of 6.4% and higher, above the 4.5% required.This year the Fed examined how 23 banks would fare under a severe global recession that included severe stress in commercial real estate. In such a scenario unemployment spikes to 10%, home prices and commercial real estate plunge about 40%, the stock market plummets 45%, market volatility jumps and corporate bond yields rise.All 23 banks in aggregate would have lost $541 billion. Yet they would still have capital equal to 10.1% of total assets weighted by risk. Well above the 4.5% the Fed requires.The $541 billion in total projected losses include more $100 billion from commercial real estate and residential mortgages and $120 billion in credit card losses, both higher than the losses projected in last year’s test.The banks with the biggest commercial real estate losses were Goldman, with $16 billion, followed by Morgan Stanley ($13.7 billion) and Citizens ($12.4 billion).Goldman also had the highest credit card losses, with $24.7 billion, followed by Capital One ($22.2 billion) and TD Group ($21.4 billion).Banks with large trading operations were also tested against a "global market shock" tied to their trading positions. For the first time, this year's test also added a second “exploratory market shock” to the trading books of the largest and most complex banks.The global market shock is characterized by a severe recession with fading inflation expectations; the exploratory market shock tests a less severe recession with greater inflationary pressures induced by higher inflation expectations.The results from those exams showed that the trading books of the largest banks were resilient amid a rising rate environment.The biggest projected losses belonged to Goldman, with $21.2 billion lost in the global market shock scenario and $18.1 billion in the exploratory market shock component.https://finance.yahoo.com/news/all-23-banks-survive-feds-2023-stress-test-203007760.html | 2023-07-24 |
616 | 11 | An Unexpected Turn: AI Out, Mining In - A Potential Commodity Boom | null | 25 comments | 2023-06-29 | Bloomberg unfurled an intriguing piece today suggesting that we could be on the verge of a new cycle of soaring commodity prices, perhaps as early as the end of this week. The story hinges on the theories of Soviet economist Nikolai Kondratiev, who was executed under Stalin's rule. Kondratiev's concept, which subsequently became known as "Kondratiev waves," eventually gained traction within capitalist economies.The idea has some merit. Currently, commodities are trading near local lows. At the same time, in its bid to curb inflation, the U.S. government is exerting almost every conceivable effort. If the analysts are on the money, we could witness an explosive surge in commodity prices over the next 15 years, starting, perhaps, tomorrow. This could divert the spotlight from AI technology back to the traditional mining sector.It's a prospect that has certainly piqued my interest, particularly as I have stakes in several industrial and mining firms within my portfolio. | 2023-07-24 |
617 | 24 | Do I have to own socks/etf's before the ex-date to be paid on the following pay date or can i buy on the ex-date? | null | 22 comments | 2023-06-29 | I'm still learning stocks and I know there's a lot to learn and what might work for one might not work for another. But let's say I find a stock or ETF that the ex-date is today and everything in the parameters looks good to me will you get paid on the pay date or the following one? | 2023-07-24 |
618 | 29 | T-bills: shorter vs longer maturity strategies | null | 43 comments | 2023-06-29 | I’m new to fixed income and conservative investing in general. Lately been weighin on different t-bill ladder strategies. The goal is to employ my capital in a safe heaven and wait out this current ridiculous pump on a thin air – then do some decent shopping in 24’.I have to stay as flexible/liquid as possible since: a) the further down the line, the more likely are good deals to appear on the market; b) I’m in the Eurozone so will flip EUR once USD pumps considerably during the potential crash; c) short-term yields likely to grow further to 6-8% since no cuts (provided there’s no black swan) till 24’Correct me if I’m wrong but very short mat. bills (2 week-2 month) seem to cater much better for these needs as opposed to longer ones? Fees are negligible ($5 for a trade on IB), so no problem rolling those over even weekly. They keep you liquid at virtually all times. Even in the event of a circuit breaker (and a subsequent rate cut/yield fall), chances are you’ll sell 2M above water way easier than 6M way before maturity, right? And then will be able to lock-in still high yield for longer once it’s already started declining.On the other hand, am I right to assume I'll usually be able to sell even longer mat. bills for a profit way before maturity? Eg, I buy 6M, the yields keep on rising moderately and I want to sell in 1-2 months (to lock in higher yields or invest elsewhere). Is it likely I’ll I be above water by then or is it likely a moderate yield growth will have pushed my bills into a negative territory? | 2023-07-24 |
619 | 6 | Bigger None-Tracking ETFs that get it right? | null | 4 comments | 2023-06-29 | I want to start watching the filings of ownership changes an ETF has to file at the end of every trading day.Are there any actively managed funds that get it more right than wrong?I will definitively do my homework and compare all the performances against the market and do some filtering regarding sectors and industries but it would be nice, to have some funds I can do dry runs with.Any other exchange traded funds that one should have a look at? | 2023-07-24 |
620 | 5 | First Hydrogen Corp | null | 2 comments | 2023-06-29 | The news to the company seem very good. Good results with rivus, tests with sse, new locations, production possible (or already working cars idk) 25.000.I believe this stock might start rising, there's of course no numbers to call at the moment. But it all sounds so good and a good point for long Time invest.What do you think? Do you have some points against it, or maybe better player in that section, news that I didn't see that sound way different from what I'm believing?I'm a newbie. I don't do analytics and don't even believe there are already some for first hydrogen.I hope for some good pro's and con's. Have a nice day/evening :) | 2023-07-24 |
621 | 23 | Das mit Spannung erwartete Einzelspieler-Weltraum-Action-RPG EVERSPACE 2 erscheint am 15. August 2023 für PlayStation 5 und Xbox Series X|S! 🚀🚀🚀 Jetzt mit 20% Rabatt auf PlayStation vorbestellen oder an Tag 1 über Xbox Game Pass spielen und beim Kauf 20% sparen! | https://alb.reddit.com/cr?za=p1iUFZKr5-P5vX_zCkS_QywiF3KBLmqNt1n-UNy4sXuAHiM2MBVqVlQFKbX5gdklD81-pEvvOgIu9f5Rl9-J0wFsVxThS_p_waC623TRw2X5dBXCj5aCH5OkkvT6_leFYLchlyzRFP8eNeo_WYDhTRrnUdJtG62oWPcQouRMy58tCuDxDP2nLYUtkW0hDuGXGOEfGJ9VTVf9gCCImiWv6rPk8isRTV8movvKmX9rRN-Dn80UwUx73oF9yYBB2twGQcuPjVQDY-G5L7XFYFehqwT_hnotiYye3IZ1RJfsRK-zRQdR_HK4OInBzTmqS7Y-dY7KGpLxgEi1Tc2mAzpKZ8-okjzHA0d6X5I951yaMk0FV_s93wfF5RivAe2K_g&zp=Q3h7ebUY2IBcMTGM8yf0uOmtERFSD8-BueOLKMA93pDv7xnyx9IKrppEW4hPxKIbLReR4fVqUMemBBpGwy5ND7KXCHqgZJtzCc9ZrY0OE_SQ3VH1xBcDZKcNa1435V47m90mVJAoK1D4u6qn8ujU1SW1HSGg_Zo6mi2aclQEF-fNqiOJ29-vkuOJgDg | 0 comments | null | null | 2023-07-24 |
622 | 0 | Why Buy AMD? | null | 29 comments | 2023-06-30 | To me, it seems like they’re never going to beat Nvidia, ever. Ive always looked at the prices of both stocks throughout time, even bought one share when they announced a supposedly competitive AI chip and NVIDIA still crushed them.Whenever I read articles justifying this stock, the reasons to buy are literally the same reason you should buy Nvidia (they’ll be a player in AI, theyre coming out with a new chip); its literally all the same stuff Nvidia does, so what exactly is the competitive edge?From personal experience, when I used to build PCs, both company’s products had the exact same capabilities, but the Nvidia brand just had stronger recognition so I always opted for them.I just dont see the point ever buying AMD when you could buy Nvidia, both company’s have been around long enough and if AMD was a true competitor they would have proven so by now. | 2023-07-24 |
623 | 380 | General Mills drops 5% today, becomes latest company to warn about faltering consumers | null | 279 comments | 2023-06-28 | Shares of Cheerios maker General Mills plunged the most in a year after new annual guidance indicated price hikes on ready-to-eat cereals and meal kits would no longer offset slowing sales as consumers pull back on spending.While price increases fueled top-line growth for the companies, volumes have taken a hit in recent quarters, signaling increasing resistance from inflation-weary customers against further price hikes."We'll see some (more hikes in) pricing this year because we still see inflation in the marketplace," General Mills CEO Jeffrey Harmening said.Just yesterday, Walgreens Boots Alliance Inc. shares plunged to the lowest in a decade after it reported "a more cautious and value-driven consumer." | 2023-07-24 |
624 | 973 | Costco cracks down on membership card sharing | null | 625 comments | 2023-06-28 | ERROR: type should be string, got "https://www.cnbc.com/2023/06/27/costco-cracks-down-on-membership-card-sharing.htmlCostco is taking a page from Netflix’s book. The retailer is cracking down on people sneaking into its clubs and trying to shop with other people’s membership cards, it said Tuesday. Costco said it has always asked shoppers for their membership cards at the cash registers when they check out. Now, it is also requesting to see cards with a photo at self-checkout registers — and to view a photo ID if a shopper’s membership card has no picture. “We don’t feel it’s right that non members receive the same benefits and pricing as our members,” the company said in a statement.The membership-based warehouse club said it has noticed more abuse of card sharing since it expanded self-checkout to more of its stores. The stepped-up enforcement was previously reported by The Dallas Morning News. Costco stands apart from other retailers because of its business model. The bulk of its earnings come from membership fees, which help cover company expenses and keep prices low. It charges $60 for annual memberships and $120 a year for its higher-tier plan, called Executive Membership. Membership-based warehouse clubs have attracted more customers and won more of their wallets over the past three years. Shoppers who turned to the clubs to help with pantry loading of toilet paper and hand sanitizer during the Covid pandemic are now going there for cheaper gas and bulk-sized food during a period of inflation.Walmart- owned Sam’s Club has seen a similar lift in business. Its membership count has hit a record high. Yet even the clubs have felt pressured as consumers pull back because of inflation, or spend on experiences like travel and dining out instead. In the past two quarters, Costco has reported a heavier mix of sales coming from food as demand slows for pricier merchandise and popular pandemic categories like furniture and electronics. Its net sales rose year over year by about 2% to $52.6 billion, including the impact of inflation during the quarter that ended May 7. “It rains on all of us during these tougher times, particularly with bigger ticket, discretionary items,” Costco’s chief financial officer, Richard Galanti, said on an earnings call in December." | 2023-07-24 |
625 | 10 | How important is the volume of an ETF when it comes to liquidity? | null | 15 comments | 2023-06-29 | I’ve been pouring money into an ETF every week and letting it slowly compound and I plan on continuing this until I’m at retirement age, at which time I’ll start to pull out and sell when my position has grown to a large amount.But I’m wondering how important the volume is of a particular ETF when it comes to whether or not I can sell it in large amounts years from now? I’ve read that with high performing ETFs like ones that follow the S&P500 for example like the one I am investing in, it doesn’t matter as much with how much volume the ETF itself has, but more so that of the individual securities built into that ETF.How much truth is there to that?With having an average daily trading volume of around 160k, would the ETF I’m referring to (VFV) be a good one for me to go all-in on long term?Any advice is appreciated as I’m still fairly new to the game. | 2023-07-24 |
626 | 21 | r/Stocks Daily Discussion & Options Trading Thursday - Jun 29, 2023 | null | 414 comments | 2023-06-29 | This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme and/or post your arguments against options here and not in the current post.Some helpful day to day links, including news:Finviz for charts, fundamentals, and aggregated news on individual stocksBloomberg market newsStreetInsider news:Market Check - Possibly why the market is doing what it's doing including sudden spikes/dipsReuters aggregated - Global newsRequired info to start understanding options:Call option Investopedia video basically a call option allows you to buy 100 shares of a stock at a certain price (strike price), but without the obligation to buyPut option Investopedia video a put option allows you to sell 100 shares of a stock at a certain price (strike price), but without the obligation to sellSee the following word cloud and click through for the wiki:Call option - Put option - Exercising an option - Strike price - ITM - OTM - ATM - Long options - Short options - Combo - Debit - Credit or Premium - Covered call - Naked - Debit call spread - Credit call spread - Strangle - Iron condor - Vertical debit spreads - Iron FlyIf you have a basic question, for example "what is delta," then google "investopedia delta" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. | 2023-07-24 |
627 | 145 | BlackBerry just posted surprisingly upbeat earnings | null | 30 comments | 2023-06-28 | While the company has had a miserable slog over the past decade+, there has been a major move to reorganize and turn the company around. BlackBerry just posted positive quarterly earnings of $.06 which beat estimates and revenue of over $300mm which beat estimates by more than $200mm.There is no doubt a long road ahead but could this be a sign of a pivot finally taking place and a path towards sustained profitability and revenue growth?earning report | 2023-07-24 |
628 | 20 | Is CVNA a meme stock? | null | 23 comments | 2023-06-29 | Hi allTo what extent is CVNA a meme stock? The fundamentals don’t look great and the product seems good on paper but highly sensitive to economical shock.May I ask how did this stock get into the 300-400s valuation ? And finally would you put some fun money in the hopes of rolling a good profit?Thank you | 2023-07-24 |
629 | 3 | Trade worldwide with a broker you can trust! Your capital is at risk. | https://alb.reddit.com/cr?za=B3oWvVD8t4bYzrZUcUP8BQOeELYeC6GDXMRJwx2OTj37jC5C7jl790mKHjdMS8dLbS6CUxNJ5EjLcvaUGGlCI30ioY5Ag-Kzkb_SGgRohs4jXJSyKHpQXBUNMoFP2ty2Y_VME_fuT4AIvNouKOfeo0kHAGdBF3FDXkU4oSai-Mm4UbTrICgWfYTfsZgvBXKriQQrIWztKOAMMD-hGFIZ_3BnhC4sBkH1T75Dr59251nEnY_BGtN15w9570XhYrA2Ltjb0wd8oTjEgEyPTOmShfbcVoC6g-F-YSPjlm0-zXzSaBW_ZZUyTo6P0qvNq2OcmKXkN2Bq1hHKnyIFFnGS8CirtcIxq3SfL4_hLm-WQ3j41Xmh1q-1Nun-cXBF9_TKdFQ3L6U8&zp=-838xlzCNh4DpWoFlYY83idCpmo98DivBQhZMpLF7vPcoxoyFBi0krh6Xnr5Q3p3GLn5aXY__h7OIDq_SIcCuCc6IySrHiTLWNEHIslidk_t24DZeHLlrCkOQXEgoezTRhEUhTu68zwTOek6IKGdpeX-XY_MOh9WaZ831ayl5QVeE1BtqwUoaIKtcjkVhL5Qkfk-7yrJkQqnkTMIweP8zy6c--i8J83_lA4c1O3P9xxf0KPLRX1hIP-oB2V3_DCxJcbYBA | 0 comments | null | null | 2023-07-24 |
630 | 20 | Best Free or Cheap Stock/ETF Research Tools | null | 6 comments | 2023-06-28 | Anyone have any good recommendations for free (or cheap if the value is there) research tools. I currently use the stock screener via my Fidelity account, ETFRC, portfolio visualizer, investopedia research/screener, have briefly looked at seeking alpha (seems like the best all in one paid service) and looking into Qualtrim. M1 finance seems to have some unique tools, I'm considering moving my small taxable account there just to get access to themOne of the big things I'm looking for is a portfolio tool to measure total portfolio overlap among top stocks each ETF+Index fund+my individual holdings as well as total portfolio sector breakdown, P/E, etc. | 2023-07-24 |
631 | 57 | Walgreens bad earnings & lower guidance, downgraded too today | null | 27 comments | 2023-06-28 | Yesterday WBA had a shit earnings report with eps miss and lowered their total eps guidance:Walgreens cut its full-year adjusted earnings per share guidance to a range of $4.00-$4.05 from a range of $4.45-$4.65.WBA got downgraded too by Deutsche bank.Price fell below multi year low, going as far back as 2012 at $28.53, today's low was 28.20.They're blaming lower spending from covid shots and consumer spending, but it's not like it turned the stock around in 2020 or 2021 as it was still 50% from multi year high, now it's around 70% (30% 52w high). | 2023-07-24 |
632 | 453 | Who else is an investment YouTuber or financial social media influencer who turned out to be a complete fraud?? | null | 511 comments | 2023-06-27 | I learned the hard way that everyone is a genius in a bull market. People like Larry Jones, Chris Sain, Stock Curry, and Stock Moe seemed incredible in 2020/2021 but their older videos don’t age well at all. If I had just did the opposite of everything they said I would have made more moneyI’m wondering if this was everyone else’s experience with the people you subscribed to back then? Where do you all get your stock market news and analysis today? | 2023-07-24 |
633 | 0 | What happened to $TSLA this week? | null | 2 comments | 2023-06-29 | Welcome my weekly $TSLA update.1) Volkswagen confirms talks with Tesla over NACS charging standard.Volkswagen is considering using Tesla's charging connector for its electric vehicles in North America, potentially joining Tesla's North American Charging Standard (NACS). The company is currently in talks with Tesla about adopting this connector for its Volkswagen, Audi, Porsche, and future Scout brands in the region.2) Tesla set for record quarter in China.Analysts predict that Tesla is likely to achieve a new sales record in China despite competition from local rivals. Estimates suggest Tesla could sell around 155,000 cars in China from April to June, marking a 13% increase from the previous quarter, although its market share may decline slightly due to increased competition from companies like BYD and Aion.3) Tesla sales forecast for Q2: 440,000-450,000 deliveries.As the second quarter comes to a close, Tesla remains the dominant force in the electric vehicle market, with estimated sales forecasts for Q2 ranging from 441,000 to 448,000 vehicles. The Model Y is expected to outpace other models, and while Tesla's production is increasing, concerns arise regarding the gap between production and deliveries. The upcoming release of the Cybertruck and a lower-cost Tesla model are seen as crucial for sustaining Tesla's growth.4) Elon vs. Zuck: it's officially happening.Tech billionaires Elon Musk and Mark Zuckerberg have engaged in social media banter about a potential cage fight between them, generating publicity and attention. However, it remains uncertain whether the fight will actually take place, and some speculate that the discussion may serve as a distraction from recent negative news surrounding Meta's decision to cut off news access in Canada and Musk's declining reputation--according to data from Morning Consult.PS: links + update in your inbox every week, here. | 2023-07-24 |
634 | 97 | Google parent Alphabet’s stock hit with two downgrades this week | null | 86 comments | 2023-06-28 | In his research note, Shmulik said Alphabet’s “narrative has caught up with the fundamentals.” In other words, the stock is priced to match the company’s current performance and outlook. He also raised concerns about the way market sentiment went negative on the company after OpenAI announced ChatGPT in Nov. 2022 only to turn positive when the tech titan debuted its own generative AI software in May.“What do we imagine would happen then, in any of the next 2-4 quarters, if Google Search numbers were to come in 'soft'? We imagine investors may once again ring the alarm bells around AI-related risks to Google's Search moat,” Shmulik wrote.The analysts also pointed to Google’s Search Generative Experience (SGE) as a potential headwind for the company’s search advertising business. SGE is Google’s experimental generative AI-powered search platform. Like Microsoft’s Bing, it uses generative AI to provide users with answers to specific queries. The problem, the analysts say, is that the generative AI responses occupy screen space that is currently used to serve ads on the normal Google Search page.“We recognize that [Google’s] SGE roll-out is still in its very early stages (limited beta in the US only), with the integration of ads still being figured out,” Walmsley wrote in a research note. “But our initial testing of SGE shows material changes to [search engine results page] vs. the ‘old’ Google…which we see as demonstrative of the potential disruption to Google's well-oiled Search monetization machine.”Google is also increasingly facing challenges from the likes of Meta and Amazon in the digital advertising space. TikTok is also quickly playing a larger role in the industry. Increased spending on generative AI technologies could also cut into Alphabet’s margins.The company is also staring down a slew of regulatory challenges including calls by the European Union’s European Commission to break up Google’s massive advertising business, which the commission says violates antitrust laws. | 2023-07-24 |
635 | 330 | Biden Says He Thinks US Economy Will Avoid Potential Recession | null | 434 | 2023-06-27 | https://www.bloomberg.com/news/articles/2023-06-28/biden-says-he-thinks-us-economy-will-avoid-potential-recession
President Joe Biden told donors he thinks the US will avoid a potential recession that economists and banks have long been predicting. Economists have been saying a recession is coming next month, Biden said Tuesday night during a fundraiser in the Maryland suburbs outside Washington.
“It’s been coming for 11 months, well guess what? I don’t think it is going to come,” he added, citing a still strong labor market and his efforts to tamp down on inflation.
Recent data on housing, manufacturing and consumer confidence have beaten expectations, painting a picture of a resilient economy. Reports Tuesday showed new home purchases climbing to the fastest annual rate in more than a year, durable goods orders topping estimates and consumer confidence reaching the highest level since the start of 2022.
While the data don’t discount the possibility of a recession in the coming year they do give reason to believe a downturn is not imminent or certain. According to the latest Bloomberg monthly survey of economists, the economy is expected to narrowly dodge a recession this year but underlying inflation will be faster than previously thought.
Biden’s remarks at the home of Choice Hotels International Inc. Chairman Stewart Bainum, a longtime Democratic donor who served as a Maryland state lawmaker in the 1970s and 80s, came a day before the president is scheduled to travel to Chicago. At Chicago’s Old Post Office on Wednesday, Biden will deliver what the White House has called a “cornerstone” address on his economic policy, “Bidenomics.” The White House is seeking to improve perceptions about his job performance before the 2024 election gets underway.
Earlier this week, Biden announced plans to distribute more than $40 billion in funding for high-speed internet infrastructure in the coming weeks, presenting it as an example of how his administration is trying to help all Americans, even those who did not vote for him.
Polls have shown that voters broadly see Biden’s job performance on the economy as poor, despite low unemployment and the passage of pandemic relief, infrastructure, and climate spending legislation. If a recession is going to come in the next 12 months, Biden should hope it begins sooner rather than later. Two-term presidents generally get any recessions out of the way early, while one-term presidents have had to contend with bad economic news while voters are heading to the polls. | 2023-07-24 |
636 | 55 | What is the best Dividend ETF?
Advice Request | null | 79 | 2023-06-28 | Looking to invest in a dividend etf and I’m curious to hear your guy’s thoughts. What is the best Dividend ETF. Best is subjective, so I’m looking for the most admirable combination of the below (in no particular order of importance):
Dividend yield %
Payment Frequency
Reliability of predicted growth
Least Volatility with best projected upside
If any other reqs come to mind please share! | 2023-07-24 |
637 | Vote | Um eine Terrororganisation von innen zu stürzen, gehen die Agentinnen Cruz und Joe undercover. | https://alb.reddit.com/cr?za=Uu-MZFv6XHxXrsIFgmnAkfaj42rziyyy7BEiLdiuhBkizi0rsEETaNUrCqMUHy4uirEO5p8_kxVdwQab0UVZzcDEM1dSCe318Wj5IJK6L_28pBqX2mUmvW5IpOPs7f7kmxLSLCwSpIgh-vo7QVP1Otn2bIl-msT5dxY_VdwUQHBK5sPhDpOwGum9eeaG8aIf-jCg2x3GYJxVWClM7doi3eHoOn76JSTJmpvGaKCWjk1jJWrG0osobqbZ1AZVU0F2GjxyG2v30hhYHuCOpnBUK375vsm59_Wr0-nGH4wQq5IhaXyrv7jchEbePyxBbsSDBg5LoJVEHf3vionggyuoO6q9wG4FeVSn7h-lbqPcyukb5iifcRA1fHhLUK3CyjwloQ0DZg&zp=UZ4s0ySuOU_7b_XgpdmL2fkdXWmHuJdR1I20CsWA3p57fAOH5HDBxTIgoQeDmCRS_YKNJXWP7lmz-DEH-KPxh00M5OdFRZyRRsmAL2usnOLdxAQqaIGKqoewYmSQpn1ilN6_Q5i_QRnTtOl0ogEzRGkXY6MsOxmgUIGYeJGp-5qS96KPq-QdebIQQiBh1tWQ | 0 | null | null | 2023-07-24 |
638 | 10 | Wall Street Journal - Google Violated Its Standards in Ad Deals, Research Finds
Company News | null | 6 | 2023-06-28 | ERROR: type should be string, got "https://www.wsj.com/articles/google-violated-its-standards-in-ad-deals-research-finds-3e24e041\n\nAbout 80% of Google’s video-ad placements on third-party sites violated promised standards, new research shows; Google disputes claims.\n\nGoogle violated its promised standards when placing video ads on other websites, according to new research that raises questions about the transparency of the tech giant’s online-ad business.\n\nGoogle’s YouTube runs ads on its own site and app. But the company also brokers the placement of video ads on other sites across the web through a program called Google Video Partners. Google charges a premium, promising that the ads it places will run on high-quality sites, before the page’s main video content, with the audio on, and that brands will only pay for ads that aren’t skipped.\n\nGoogle violates those standards about 80% of the time, according to research from Adalytics, a company that helps brands analyze where their ads appear online. The firm accused the company of placing ads in small, muted, automatically-played videos off to the side of a page’s main content, on sites that don’t meet Google’s standards for monetization, among other violations.\n\nAdalytics compiled its data by observing campaigns from more than 1,100 brands that got billions of ad impressions between 2020 and 2023. The company shared its findings with The Wall Street Journal.\n\nIn a statement, Google said the report “makes many claims that are inaccurate and doesn’t reflect how we keep advertisers safe.” The company said it has strict policies for the program that serves video ads on third-party sites.\n\n“As part of our brand safety efforts, we regularly remove ads from partner sites that violate our policies and we’ll take any appropriate actions once the full report is shared with us,” the company said.\n\nSome ad buyers who have reviewed the research say they want their money back.\n\n“This is an unacceptable breach of trust by YouTube,” said Joshua Lowcock, global chief media officer at ad agency UM Worldwide. “Google must fix this and fully refund clients for any fraud and impressions that failed to meet Google’s own policies.”\n\nThe Journal independently observed invalid ad placements such as those the research identified, but couldn’t confirm the extent of the phenomenon. Digital ad-buyers and engineers vouched for the research findings.\n\nTo complete its research, Adalytics worked with ad agencies to analyze their clients’ ad-buy placement reports. The company also analyzed data collected by companies that archive the web to find instances when ads ran on sites that didn’t meet the Google Video Partners requirements.\n\nCampaign ads for Republican Sen. Mike Lee appeared in invalid placements, according to the research, and he was critical of Google.\n\nAmong the major brands whose Google video-ad placements weren’t in line with the promised standards were Johnson & Johnson, American Express, Samsung, Sephora, Macy’s, Disney+ and The Wall Street Journal, according to Adalytics. It also affected ads for government agencies, including Medicare, the U.S. Army, the Social Security Administration, and the New York City municipal government.\n\n“CMS is concerned with reports of invalid ad placements by YouTube,” said a spokeswoman for the Centers for Medicare and Medicaid Services.\n\nYouTube accounts for 8.3% of U.S. digital-video ad spending, according to research company Insider Intelligence. Marketers feel obligated to advertise on YouTube because of its size, several ad buyers said.\n\nGoogle sells ad placements on third-party sites as part of bundles that include ads on YouTube itself.\n\ndidn’t disclose how much revenue came from Google Video Partners. Brands and ad agencies often aren’t aware that their ads have run on third-party sites, said several ad buyers.\n\nFor every brand in Adalytics’ sample, more than half the budget they spent on the bundles went to non-YouTube properties, the research found.\n\nA Google spokesman said the overwhelming majority of the video ads it sells are served on YouTube—not third-party sites. Advertisers can clearly see that their ads might run on third-party sites, and how much is spent there, and can easily opt out, he said.\n\nBrands typically pay about $100 for every 1,000 completed views of the ads on third-party sites, according to several ad-buyers. They pay the premium rate to avoid ad placements that are intrusive, such as those that load in the margins of the user’s desired content. Such lower-quality ads often sell for about $5 per 1,000 instances of ads, the buyers said.\n\n“I feel cheated,” said Giovanni Sollazzo, founder, chairman and chief executive of digital-ad agency AIDEM. “What I requested to buy was not what I got. This should entitle me to a refund for invalid traffic.”\n\nAd placements appeared on low-quality sites that trafficked in misinformation or “clickbait” content, as well as those that appeared to publish pirated content, contrary to the promises of the Google Video Partners program, the researchers found.\n\nThe research raises questions about how Google vets the sites in its network, said Adalytics founder Krzysztof Franaszek, who authored the research.\n\nThe research underscores the opaqueness of the digital-ad market, where money flows are difficult to track and it is hard for brands to know that they are getting what they paid for.\n\nAt least 23% of the $88 billion spent annually by marketers on automated digital ad buying on the open web is wasted, according to the Association of National Advertisers.\n\nThe Adalytics report “proves the lie in Google’s assertion that it has made digital advertising better for all involved,” said Sen. Mike Lee (R., Utah), after reviewing the research. “Advertisers and consumers will continue to suffer from Google’s rampant conflicts of interest and fraudulent conduct,” said Lee. His campaign ads also appeared in invalid placements, according to the research.\n\nMarc Friedman, founder of digital-marketing consulting firm Mfried Consulting, said he planned to ask for compensation for ads that ran in the wrong places and format. “It’s just not being honest,” he said." | 2023-07-24 |
639 | 55 | U.S. Legislation Pushes Quantum Computing Forward: D-Wave and Government Collaboration Could Shift Global Quantum Landscape | null | 21 | 2023-06-28 | U.S. Congress is considering legislation to develop near-term quantum computing applications, focusing on solving public sector optimization problems. D-Wave Quantum Inc., a leader in quantum computing, supports this shift and claims to have the necessary technology. Current bills like the National Defense Authorization Act (NDAA) and the FY24 Energy and Water Appropriations bill call for the deployment of all viable quantum systems, including quantum annealing, gate-model, and quantum-hybrid technologies, within a 24-month timeframe. This represents a significant shift from the U.S. government's previous focus on long-term gate-model quantum computing. If passed, these bills could bring the U.S. closer to other global leaders in quantum technology like the U.K., Australia, Germany, Japan, and Canada. This legislative effort aligns with the rising global investment in quantum application development, projected to reach $36 billion in 2023.
https://www.dwavesys.com/company/newsroom/press-release/d-wave-stands-ready-to-execute-on-the-u-s-government-s-shift-to-building-near-term-quantum-computing-applications-to-solve-challenging-public-sector-problems/ | 2023-07-24 |
640 | 213 | NVDA shares lower in the after hours based on potential new restriction of chips to China.
Company News | null | 56 | 2023-06-27 | Shares of Nvidia Corp. (NVDA) and Advanced Micro Devices Inc. (AMD) slumped in the extended session Tuesday following a report that the Biden administration is considering a new ban of sales of AI chips to China. Late Tuesday, the Wall Street Journal reported the Commerce Department could further block sales of AI chips to China without obtaining a special license first. Nvidia shares fell after a 3.1% rise to close at $418.76, and AMD shares fell 2%, after a 2.7% gain in the regular session to close at $110.39. Both Nvidia and AMD have launched new AI chips this year. The ban would follow upon similar actions last year that threatened $400 million in Nvidia sales, but the company found a workaround in supplying a version of products that avoided the ban. At the close, Nvidia shares were up 187% in 2023, and AMD shares were up 70% for the year. | 2023-07-24 |
641 | 30 | r/Stocks Daily Discussion Wednesday - Jun 28, 2023 | null | 330 comments | 2023-06-28 | These daily discussions run from Monday to Friday including during our themed posts.Some helpful links:Finviz for charts, fundamentals, and aggregated news on individual stocksBloomberg market newsStreetInsider news:Market Check - Possibly why the market is doing what it's doing including sudden spikes/dipsReuters aggregated - Global newsIf you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.Please discuss your portfolios in the Rate My Portfolio sticky..See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. | 2023-07-24 |
642 | 23 | Das mit Spannung erwartete Einzelspieler-Weltraum-Action-RPG EVERSPACE 2 erscheint am 15. August 2023 für PlayStation 5 und Xbox Series X|S! 🚀🚀🚀 Jetzt mit 20% Rabatt auf PlayStation vorbestellen oder an Tag 1 über Xbox Game Pass spielen und beim Kauf 20% sparen! | https://alb.reddit.com/cr?za=40nbX4Qo5caB7_cK0eRiB2XMVq01DtfFPnzlE2QbD52wJqVANFWkZrUO5pBnpIcQIleYSaRYsjwC551R2GPRr8-LICy33vbrXE4ka-yAeIoTa31r5sNT3G9vQNPtBwEjofUBAlUJ_9-bCTiCeBYWRCNYL4FJgC5sxZINeooLvoD-g4F8S4XCtYwQKXwLD0xSX2cyHbSt4Jt-tMLGjWEX2zTvUahbucU2q6QxHc7OodSlt56Xi1cULQ2kysx2OSmMznVi0xGwwbjMbEPTXWTRkM4Yn08RMuRp1sYXJQhE6krcEkDJTPFs2-bQxqxz_bOKqQ6jMjo_ZKkGdOCnWrYtbEU2mnp5f20QGaPkBnF_KgVEV6EmMLxRxuFdwOFVlA&zp=8ad_iFQReymf4YrLXKtGpimGsuZeeCGYTzCV-JwXokh0H8F-fsmfMs8LrUys6BoHARWK5vPh6h9928bmy4MGmgInn571BgGLqLpFqE2lhN-hFrYQGSPkVEyKiO1rE-Qre8H4tu-5nFHtZH75Zj0-zpyxIYxjC9PoirgFsR5kSmw6rcXl7UsAMqryivQ | 0 comments | null | null | 2023-07-24 |
643 | 2.4k | Nancy Pelosi's husband just snapped up $2.6 million of Apple and Microsoft stock, closing out an options bet that the shares would soar | null | 386 comments | 2023-06-27 | Nancy Pelosi's husband exercised roughly $2.6 million worth of Apple and Microsoft stock options this month.Paul Pelosi bought 5,000 shares of both Apple and Microsoft stocks on June 15, exercising 50 call options.Nancy Pelosi has repeatedly said her husband's investments have nothing to do with her political knowledge.Nancy Pelosi's husband exercised roughly $2.6 million worth of Apple and Microsoft stock options this month, according to a regulatory disclosure Thursday.The transactions on the filing, marked with "SP" for the spouse, indicate that Paul Pelosi bought 5,000 shares of both Apple and Microsoft stocks on June 15, exercising 50 call options purchased on May 24, 2022, with a listed expiration date of June 16.The Apple options had a strike price of $80, and the Microsoft options had a strike price of $180. On Friday, those shares closed at $186.68 and $335.02, respectively, totaling about $933,000 and $1.7 million.Since the options were purchased last May, Apple shares have gained 33%, and Microsoft has climbed 29%. The upside from the strike price is even higher, at 131% and 83%, respectively.First highlighted by Quiver Quantitative and Unusual Whales, the disclosure comes after Congress failed to make progress on new legislation around lawmakers and their relatives trading stocks.Earlier this year, Insider and several other news organizations identified 78 members of Congress who didn't properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.Congress passed the law a decade ago to combat insider trading and conflicts of interest. But many lawmakers have not fully complied with reporting requirements, leading to calls for a complete ban on trading individual stocks among members of Congress.Legislation on such a ban advanced last year, but the bill ultimately died.Meanwhile, Paul Pelosi has faced backlash over stock trades that seem to coincide with legislation in the technology sector.For example, in July 2021, he pocketed a $4.8 million gain in a Alphabet stock trade the week before the House Judiciary Committee advanced bipartisan antitrust bills targeting Google, Apple, and Amazon.However, Nancy Pelosi has said repeatedly that her financier husband's trades have nothing to do with her political knowledge.OpenSecrets estimated that Pelosi has a net worth of $114.6 million. | 2023-07-24 |
644 | 4 | How diversified should a growth portfolio be? | null | 23 comments | 2023-06-28 | If you have a collection of stocks that you have fully researched and fully believe to succeed in the future, should you still try to diversify into ETFs or index funds?My portfolio consists of 5 different growth or undervalued stocks that I have researched and can confidently say will be important in the future. If I were to invest in just these stocks, then each would make up 20% of my portfolio. If I were to add VTI or VOO as per recommendations from people in this sub and the Bogleheads sub, each stock would then make up 16.6%, and 12.5% each in the case that I added both of these ETFs to my portfolio.I (15m) am relatively new to investing, so that is something to consider as well, but these 5 stocks are pretty solid: NSSC, WFRD, ENVX, ASO, and Palantir.Other things to consider would also be the market itself, many believe that the whole stock market is due for some serious pullbacks, and a major pullback would be pretty bad for VTI or VOO. If a pullback were to happen, I doubt any of the 5 stocks that I listed would be seriously touched considering their relatively low P/E ratios.Any constructive criticism is appreciated. | 2023-07-24 |
645 | 83 | If I believe a stock will increase in value over the next 5 years, should I buy stock or a Call Option? | null | 87 comments | 2023-06-27 | It seems a common method is to just buy stock in a company if you believe it will increase in value.But if you believe the stock will go up, why don't most people just only buy calls to make more of a profit? | 2023-07-24 |
646 | 3 | when to take profits during bull runs (caveat - Roth IRA acct) | null | 13 comments | 2023-06-28 | i don't have a taxable brokerage acct, only 457 and a roth IRA. While 80% of my money is in index funds, over the last couple of months i've thrown some money at some younger tech stocks in the roth IRA.Taking in to account this a roth ira and that i'm currently 54 and will have no foreseeable need for these funds anytime soon, i'm conflicted about taking profits on certain stock investments.For instance, i have a cost basis of 5.50 for a stock that is now at 13.75. It's IONQ fwiw. I threw $300 at it after doing some research. The value now is $722.What is the tendency for people in such situations...do i cash out, throw the profits in FSKAX in and re-invest when the stock comes down a bit ($10?). Hold longer and endure some bear markets...for volatile young stock like this the profits would likely disappear come the next bear mkt (or would it?).I've always been a long hold investor but now i'm looking to make moves in the short term. I guess i have yet to wrap my head around undertaking such a move with newer companies who's stocks are inherently volatile. | 2023-07-24 |
647 | 0 | What Am I Missing? | null | 22 comments | 2023-06-29 | Edit: People seem to have a TSLA fixation and think I want to buy it. That's not the case. I don't care what your opinion of TSLA is. I've done my analysis of all the stocks mentioned below according to the analysis mentioned below. Tell me where my analysis falls short and what other methods I should consider (that don't involve technical analysis).Seeing some recent rave reviews about TSLA, ADBE, and FDX lately. Talking about the charging method Tesla uses becoming the standard in North America and being adopted by SAE, Adobe's investments in generative AI, and Fedex being able to pick up some slack if UPS workers go on strike, as well as some other investments and innovations they've been making.But the problem is, I just don't see them valued at good prices.FDX is trading at almost 2.5x book and 21x earningsADBE is trading at 15x book, almost 47x earnings, and 12x revenue per shareTSLA is trading at almost 17x book, almost 74x earnings, and over 9x revenue per share.From a valuation standpoint (P/B, P/E, and P/S), those numbers are completely unjustifiable when considering buying.So is there something I'm missing? Something I'm failing to consider? It seems like in the case of TSLA and ADBE their tech advancements could be a competitive advantage. Or are these types of stocks just wildly overhyped and overpriced? Because from a valuation perspective (P/B, P/E, and P/S) things like DINO, PBR, TSN, NTR, X, HMC, WFG, BIO, and BNTX look like great buys - why wouldn't I just buy those. They seem much more fairly priced, even cheap...So what am I missing? What else do I need to consider in my analysis, if anything? | 2023-07-24 |
648 | 216 | Pfizer is on downward trend with no end in sight | null | 136 comments | 2023-06-27 | They used Covid profits to go after M&AThey took on large debt to aquire companies. Basically overpaid to try to replace Covid revenueNo organic innovationCEO looks bored with no real visionBlue chip doesnt mean future performance.Looks like they hit the jackpot with covid but has not gone anywhere in past 12 months.One of the obesity drugs got cancelled yesterday.Any thoughts? I think this is a lesson that Mega cap doesnt mean future performance | 2023-07-24 |
649 | 12 | Buying stock in failed banks after acquisition? | null | 16 comments | 2023-06-28 | As a pretty novice investor, I was wondering if there is any value in buying stock in failed banks, such as SVB (currently trading around 45 cents), after they have been acquired by larger banks? Is there any hope for it to ever at least somewhat recover, or is it a lost cause? | 2023-07-24 |
650 | 7 | Investopedia - “IBKR has more fractional shares available across more markets than anyone else.” Your capital is at risk. | https://alb.reddit.com/cr?za=DOjtKakAp6MmPbNIINIKrs_q0q-FbstdDEeHKPPHrPM1LSo7s_RnlEo8_L3ZmKxkmORK5jZWvZKvnhD63G4PuIy2GWlN8ijLUl3cUsEC45vGcXfELY7vlE1fajstBr8V7gzc6z4KDq6F0nTAjSaP4YkUJcdNc97nG4VmeEoHiuOf6By5NqKgzCOwcMtYH5E7qzeNM3a2Nt1Yo68jrJXAhAPYHcmijkRUzdRTNtlz70d6NLuEHqyTWt2taUkegU-dplWx-IYwGd0B-IOT4Qo-kVc4hY7oTCIv1oyGf7Lq7koJDGCG9g1tTAoqAgCQhn_SqazpHXm6LeyOpbCFeCiR08rQDulyhBdyHq4mn6ZGtkTUxv31E5VRNrSXbyaxnyiFixnZS03E&zp=NCMqOB-_K2wPg16KiApSfJzwiFXW5_z6TF5f4nGkCz55XYUrWjEAujn7IpBkbNXHY8e0kqBzrD218TNDU7hMVm1qXbRaItiLPvIU9uZvwliCDCLhbeL7rU-yxgs50P3yuKLgJPdgrhq_qEGwwNqHnUnZuMNRGqCQsegUHuRXhY5jPCKQagw7vI3AxmE2aCjZ_RnE97Q2z37G6lbzE2bkkSIoHQdWAEHQCMYJ6MYeVlZrqUlxlOZk2WRPl2dxXVi5pRfLqA | 0 comments | null | null | 2023-07-24 |
651 | 143 | Lordstown Motors files for bankruptcy protection, sues Foxconn | null | 72 comments | 2023-06-27 | ERROR: type should be string, got "https://www.cnbc.com/2023/06/27/lordstown-motors-files-for-bankruptcy-protection-sues-foxconn.htmlU.S. electric truck manufacturer Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan’s Foxconn. Shares of Lordstown tumbled 35.6% in pre-market trading. The automaker, named after the Ohio town where it is based, filed for Chapter 11 protection in Delaware and simultaneously took legal action against Foxconn.In a complaint filed in bankruptcy court, Lordstown accused the electronics company of fraudulent conduct and a series of broken promises in failing to abide by an agreement to invest up to $170 million in the electric-vehicle manufacturer. Foxconn previously invested about $52.7 million in Lordstown as part of the agreement, and currently holds an almost 8.4% stake in the EV maker. Lordstown contends Foxconn is balking at purchasing additional shares of its stock as promised and misled the EV maker about collaborating on vehicle development plans. Foxconn, formally called Hon Hai Precision Industry and best known for assembling Apple’s iPhones, has said Lordstown breached the investment agreement when the automaker’s stock fell below $1 per share. The Taiwanese company said on Tuesday that it had maintained “a positive attitude in conducting constructive negotiations with Lordstown” but said the U.S. firm had been reluctant to perform the investment agreement in accordance with its terms.It said the company was suspending negotiations with Lordstown and reserved the right to pursue legal action. The twin filings by Lordstown set up an international business clash that could intensify scrutiny of Foxconn’s EV ambitions and partnerships, not only with Lordstown but also other automakers. The lawsuit portrays Foxconn as consistently shifting goal posts in its collaboration with Lordstown on the automaker’s future vehicles, which included failing to meet funding commitments and refusing to engage with the company on initiatives Foxconn allegedly directed and purported to support. Lordstown, a startup launched in 2018, said in a regulatory filing earlier this month that it had planned to sue Foxconn after receiving a letter from the company that led Lordstown to believe Foxconn was unlikely to make its additional expected investment." | 2023-07-24 |
652 | 39 | $ENVX announces purchase order from US Army and stock gains 20% | null | 46 comments | 2023-06-27 | Enovix (ENVX) Awarded Follow-On Contract to Build Wearable Battery Cells for U.S. Army SoldiersEnovix, a leading developer of lithium-ion battery cells, has been awarded a follow-on contract to build wearable battery cells for the U.S. Army.The cells will be used in the Conformal Wearable Battery (CWB), a battery pack that is worn by soldiers on their vests. The CWB powers vital communications and navigation equipment, and it is essential for soldiers to have a reliable and long-lasting power source.Enovix's cells are made with a proprietary 3D cell architecture that increases energy density and maintains high cycle life. This makes them ideal for use in wearable devices, as they can provide long-lasting power without being too bulky or heavy.In addition, Enovix batteries have BrakeFlow technology which makes them safer. BrakeFlow™ Technology works by using a series of resistive elements to limit the current flow in the event of an internal short circuit. This helps to prevent the battery from overheating and entering thermal runaway, a condition that can lead to fires or explosions.The award of this contract is a major win for Enovix. It shows that the company's technology is being recognized by the U.S. military, and it could open up new opportunities for Enovix in the defense sector.Here are some additional details about the news:The CWB is a critical piece of equipment for soldiers, as it powers their communications and navigation devicesEnovix's cells are more energy-dense than traditional lithium-ion cells, which means that they can provide longer-lasting power and they weigh lessEnovix BrakeFlow™ Technology makes batteries safer and more reliable, and helps to reduce the risk of fires and explosionsThe award of this contract is a major win for Enovix, as it shows that the company's technology is being recognized by the U.S. militaryWhat is Enovix?Enovix is creating batteries that will help hardware companies unlock new use cases within their devices. This is because our current device’s power and function is limited by its power consumption. Here are some reasons I'm bullish on ENVX (DYOR NFA):Compelling use case and understandable product: ENVX offers an innovative, high-performance battery solution designed to power future devices more efficiently, safer, and for longer durations. As someone who prefers to invest in things I understand, this makes sense to me.Experienced and accomplished team: ENVX benefits from a team of Silicon Valley veterans who possess deep expertise and a successful track record in the industry. This includes TJ Rodgers from $ENPH.Partnerships: ENVX has received interest and secured partnerships with well-known companies and the US military, enhancing its credibility and market reach.Establishing a moat: ENVX is strategically building a strong competitive advantage through a combination of patents and specialized, custom, and costly equipment necessary for battery production, making it difficult for competitors to replicate their offerings.Consistent flow of company news and updates: ENVX consistently communicates important milestones, achievements, and progress, ensuring transparency and fostering investor confidence.Active and engaged community: The ENVX community has a strong presence on Twitter and other social media platforms. Might even have the potential to be a Reddit favorite, just like $ENPH is.Potential for profitability and mass production within the next 1-2 years: ENVX is on track to achieve profitability and ramp up mass production in the near future, potentially leading to revenue growth.Potential for widespread adoption: ENVX's superior battery technology positions them well for mass adoption, given the increasing demand for long-lasting and efficient power solutions in various industries.My position: $15 and $25 2025 calls | 2023-07-24 |
653 | 18 | Investing in Western Stocks from 3rd world countries | null | 10 comments | 2023-06-27 | What platform would you recommend I use for long term investments into western stocks especially technology stocks? Am from Zambia and all I see is apps offering CFDs and short term trading with daily charges on trades. I want a platform that I can invest in for years, slowly but consistently adding to my investment. Any advice? | 2023-07-24 |
654 | 425 | Here is how to understand and analyze the 3 major financial statements: | null | 65 comments | 2023-06-26 | If you invest, you must understand the 3 major financial statements:▪️ Balance Sheet▪️ Income Statement▪️ Cash Flow StatementAccounting is the language of business, so it's important to understand & analyze each one. Financial statements are important because they provide important insights into a company's financial health, helping you make better-informed decisions on buying or selling stocks. Analyzing financial statements will help you make better decisions about investing in a stock.(1) The income statement shows a company's revenues, expenses, and net income.It helps investors understand a company's profitability and ability to generate income.An income statement has 2 sections:A. Income section covers revenues (sales, interest income, investment gains, etc)B. Expense section covers costs (costs of goods sold, selling & administrative expenses, interest expenses, etc)Net income (or loss) is calculated by subtracting expenses from revenues and is reported at the bottom of the income statement, along with any taxes and net income (or loss) per share of common stock.3 items to analyze in an income statement:A. Profit margins: Assess the portion of revenue turned into profits; higher margins suggest efficient expense managementB. Expense management: Ensure the company controls expenses; expenses rising faster than revenues are a red flagC. Revenue growth: Observe if the company's revenue is increasing or decreasing over time, indicating its overall health and growth prospects.Let's talk about the balance sheet.(2) The balance sheet shows a company's net worth to investors, displaying assets, liabilities, and equity.• Assets include cash, accounts receivable, and property, plant, and equipment• Liabilities consist of accounts payable, taxes payable, and long-term debt• Equity represents shareholder ownership interests.The balance sheet shows a company's financial position and helps investors assess a company's liquidity and solvency.3 items to analyze in a balance sheet:A. Asset quality: Check for a strong, diverse asset base, which can support growth & withstand downturnsB. Working capital: Ensure there are enough resources to cover short-term obligations, indicating greater financial stabilityC. Debt levels: Assess if the company carries excessive debt, which can increase financial risk and vulnerability during economic downturns.Let's talk about the statement of cash flows:(3) The statement of cash flows tracks cash inflows and outflows, helping investors evaluate a company's liquidity, solvency, ability to pay debts, and generate cash.It's divided into 3 sections:• Operating activities• Investing activities• Financing activitiesThe statement of cash flows shows how a company generates & uses cash, helping assess financial health and ability to fulfill financial obligations.A. Operating activities show cash flows from core business operations (customer payments, supplier or employee expenses, etc)B. Investing activities show cash flows from buying & selling long-term assets (investments in companies, property, plant & equipment, etc)C. Financing activities show cash flows related to debt & equity (issuing shares, paying loans, dividends, etc)3 items to analyze in a cash flow statement:A. Capital expenditures: Assess if the company is investing in its business, suggesting good growth prospects.B. Financing activities: Examine new debt or equity issuance, as it affects the company's financial risk profile.C. Operating cash flow: Check if the company generates enough cash from operations to cover expenses and debts, indicating financial health.Financial statements are essential for evaluating financial performance. | 2023-07-24 |
655 | 27 | Nintendo is continuing to crush it. Here's an update on sales figures from May. | null | 5 comments | 2023-06-27 | The Legend of Zelda: Tears of the Kingdom was the best-selling game of May 2023, instantly becoming the #2 best-selling title of 2023 year-to-date, despite only physical sales from Nintendo being included in the best-selling titles charts.The Legend of Zelda: Breath of the Wild returned to the top 20 monthly chart in May, placing 13th after finishing April at #28.The Legend of Zelda: Tears of the Kingdom Series 1 Amiibo Character Pack led May accessories in unit sales.Pokémon GO moved back into the top ten games (by consumer spend) in May despite the price hikes to certain in-app purchases over the past few monthsVideo game hardware spending increased 56% vs YA, to $338M. This is the highest VG hardware spend for a May month since the $427M reached in May 2008. Double-digit percentage growth in both PlayStation 5 and Switch dollar sales again offset declines on other platforms.Switch was the best-selling hardware platform in both unit and dollar sales during May 2023. Consumer spending on Switch hardware reached an all-time May high for the platform, while unit sales were 2nd highest ever for the platform in a May month, trailing only May 2020.Source: https://twitter.com/MatPiscatella/status/1673681191046873089 | 2023-07-24 |
656 | 7 | Should i cash out on TESLA? | null | 56 comments | 2023-06-27 | i just started to invest like a month ago on gbm (the broker for mexico) and i put like 500 hundred dollars on 2 tesla stocks, i know is very little money but is all i can afford to save every month, a week ago i saw this was worth 50 more dollars and today it just dropped like 45 dollars, is this normal, am i just inexperienced? should i pick another stock to invest? any advice is useful, thank you.Edit: thanks everyone for your advice, this is the first time in my life i´m trading or investing in any way and 500 dollars was a big part of my first salary ever, i think at the start of the month i will sell 1 of the 2 stocks and use the money of that and another 250 dollars to buy ITOT and SMH (i think those are stable and slow index funds), maybe i will buy more Tesla stock every six months or so but you guys are right, i have no experience and slow growth is my best choice, thank you everyone you are all really nice people. | 2023-07-24 |
657 | 0 | Ways to gamify buying stocks? | null | 44 comments | 2023-06-28 | Are there things you do to make this process more fun?Ex) buying and following a random stock, of your favorite company, compete against your friends etcEssentially ways to make it feel more like a game | 2023-07-24 |
658 | Vote | Um eine Terrororganisation von innen zu stürzen, gehen die Agentinnen Cruz und Joe undercover. | https://alb.reddit.com/cr?za=cftnfzll8JTZ7bQ0v_vh6EMt8OQGB1m2qXGidi_vFMtKOVNf7sM2LL82aSPrOprA30Mr9cCOkgkNMe6zh67kkrnC5UjcuHfFmdd0euC3G9MSUxBRg-rZEQbAJawqUIZtZsnKoxV9ADQAFU1UOF75O1lxBu0Cli6iu6M4nIuDihIntREP4YujCUXoIMTIPMOVe4uNqbm0vo77DNV_QFaGIyV7Y6SWCpjeKdJF12qZDVoijwCRV9KRZTemESgsRf2o1140N8gmpoGbFN8YpuCSvZ1xGWnhHViLJFszFQVE3hShtvNP9Amtv0lYiDubTvdfUFXxG8soAxfeMR_ZAOdhVBhjGbaNA_2b7EDTL0yk2UkvMMmhwGQMPwr5Luw6aPqP4lLtMQ&zp=BqAGDCBc8KwdYVfg6iulhLT-blBT6wU78SvwircCPr3r4IIxU7Xrx4Wz1GnfOjA_Y4P-YWk1T-GQG95oWXYsBHJFmUqXRLyM4eiK0SUKsvvDZhMGlnur_zyEw_8xEByRsYgLRz8eRlC5DZQBtKCX_tbhBAQCHuEVE8Pk6U4f0Q1wugMp1xgRyEvsd2heUtEV | 0 comments | null | null | 2023-07-24 |
659 | 370 | Should I cash out on Nvidia? | null | 527 comments | 2023-06-26 | I bought a lot of nvidia several year ago and currently have over a thousand shares. My portfolio has multiplied In value several times. Seeing how nvidia is near its all time high, I’m wondering if now should be the time I cash out and run. I’m worried about the possibility of a recession and stock market tanking within the next 6 or so months. Anyone else have nvidia and did you cash out? It’s a big choice to make and would like a little input. Thank you. | 2023-07-24 |
660 | 8 | Investment Strategies in Stocks: What's Yours? | null | 29 comments | 2023-06-27 | We have a range of well-known investment strategies, each taking into consideration different indicators, data, etc. But as I tell everyone, "when I die, I want to be buried with my head sticking out, to see what else will happen in the world."I've heard people who invest based on Value Investing, Growth Investing, Magic Formula, etc. I want to hear what strategy you follow and if it has been successful. But I'm not just looking for strategies that already have a classification in society; I'd like to know the nuances.Recently, a member of the community posted that they use the 45-day filter (buying at the lowest price of the past 45 days and aiming to sell at the highest price of the past 45 days). It's an unorthodox strategy, but it's still a strategy.We have an anonymous platform, so speak freely. Share your strategy, no matter how different it may be. | 2023-07-24 |
661 | 45 | If the Fed wipes out the stock Market won't that be one of the fastest ways to reduce inflation? | null | 72 comments | 2023-06-27 | Now I get that the consequences of the market crashing will have other unfavorable results like lay offs, recession ect. But eventually when things are down the only way to go is up right? So my question is if the fed is worried about inflation and the money supply why not wipe out the market that's at some of its all time highs?I expect this to get downvoted but I am just genuinely curious as to if you all think that there is a possibility the fed should or shouldn't do this. | 2023-07-24 |
662 | 18 | r/Stocks Daily Discussion & Technicals Tuesday - Jun 27, 2023 | null | 269 comments | 2023-06-27 | This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post.Some helpful day to day links, including news:Finviz for charts, fundamentals, and aggregated news on individual stocksBloomberg market newsStreetInsider news:Market Check - Possibly why the market is doing what it's doing including sudden spikes/dipsReuters aggregated - Global newsTechnical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions.The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.TA can be useful on any timeframe, both short and long term.Intro to technical analysis by Stockcharts chartschool and their article on candlesticksIf you have questions, please see the following word cloud and click through for the wiki:Indicator - Trade Signals - Lagging Indicator - Leading Indicator - Oversold - Overbought - Divergence - Whipsaw - Resistance - Support - Breakout/Breakdown - Alerts - Trend line - Market Participants - Moving average - RSI - VWAP - MACD - ATR - Bollinger Bands - Ichimoku clouds - Methods - Trend Following - Fading - Channels - Patterns - PivotsSee our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. | 2023-07-24 |
663 | 6 | The IPO market is back! Three large IPOs are scheduled for this week: | null | 21 comments | 2023-06-27 | The IPO market is back! Three large IPOs are scheduled for this week, each from a different industry.This is a sign that investors are starting to warm up to new IPOs again. The fact that fund managers are once again considering new IPOs shows an appetite for riskier assets, a potential indicator of increased market confidence. They are:Kodiak Gas Services, a Texas-based company dealing in natural gas compression servicesSavers Value Village, a thrift store operatorFidelis, an insurer and reinsurer | 2023-07-24 |
664 | 2 | What are your thoughts on Under Armour (UA/UAA)? | null | 18 comments | 2023-06-27 | I’m not asking just about the stock, but about your opinion on the company’s products as a whole. I see so many people wearing UA clothes & accessories in my region (SE Europe) and here the brand is as expensive as the likes of Nike and Adidas, if not even more. Curious to see if that’s also the case elsewhere. | 2023-07-24 |
665 | 415 | Netflix is up 137% in the last year. Is this a breakout or a fakeout?
Company Question | null | 241 | 2023-06-26 | Shares of the streaming stock are on fire. Will the boom last?
The stock market has been full of surprises this year, including the emergence of artificial intelligence as a key narrative, the resilience of the U.S. economy, and the boom in big tech stocks.
Among the most unexpected winners, this year is Netflix (NFLX 0.36%), the leading streamer, whose shares dove most of last year as growth slowed and it faced a new wave of competition from legacy media companies.
After losing more than two-thirds of its value over a six-month span in 2021 and 2022, Netflix has managed to flip the narrative -- the streaming stock is now up 44% year to date and 137% over the past year. Those gains have come for two primary reasons: the introduction of password-sharing fees and the launch of its ad-supported subscription tier.
Both of those moves reflect changes the company has made to its longtime strategy. Let's take a look at the implications of each one to see if the stock can sustain its recent gains.
Paid sharing
Paid sharing is likely the most controversial move Netflix has made in a long time. The streaming service had long turned a blind eye toward password sharing as the company believed that it was a way of promoting its service. Management also seemed to think that password borrowers would subscribe directly to the service when they were ready.
However, Netflix's maturing user base seemed to convince the company to crack down on password sharing. Instead of essentially allowing unlimited sharing, Netflix has sent notices to its members telling them that their account is only for them and the people in their homes. They can pay an additional $7.99 per month to share their account with someone who does not live with them.
Netflix implemented paid sharing in May, and the stock has jumped since the rollout, up nearly 20% since May 23, when it announced the new policy in the U.S. According to media reports, the move drove a spike in new subscriptions, and over the four-day period from May 25 to May 28, its new customer additions were higher than in any period since at least 2019.
Analysts have roundly cheered the move as well, seeing it as essentially 100% incremental profit as there are basically no costs associated with it. Netflix has yet to report earnings since it rolled out paid sharing, but we should get a sense of the impact when Netflix announces second-quarter results next month.
The new ad tier
While the password-sharing crackdown should give its bottom line a boost, the ad tier rollout is likely to give a longer-term lift to the business as it allows the company to tap into a new revenue stream and supplement payments from subscribers.
Reed Hastings, who recently stepped down as co-CEO of Netflix, recognized this opportunity after long resisting advertising, as he noticed that advertiser demand was following TV audiences from linear TV to streaming outlets.
The vast majority of subscribers are expected to remain in the ad-free tier, but Netflix is using the ad-based tier to attract new subscribers. And it appears to be working. As of May, the company had added nearly 5 million subscribers to the ad-supported tier, just six months after the launch, and more than 25% of new subscribers are choosing the ad tier in markets where it's available.
Is the comeback for real?
Netflix's stock is still down significantly from its peak in late 2021, which came after the subscription boom early in the pandemic, so the recent resurgence should be viewed in that context.
The streamer now faces significantly more competition than it did just a few years ago, but many of its legacy competitors are focused on cutting costs in order to drive profits at their streaming businesses, which gives Netflix an advantage as it not only has a large audience to monetize its content spending, but it also has proven its profitability.
After the rally, Netflix stock trades at a price-to-earnings ratio of around 40 based on this year's estimates, which seems fair given its ability to gain operating leverage as it grows revenue.
While I wouldn't expect another doubling of the stock, it should be able to hold its gains this time around. After the rally, Netflix stock trades at a price-to-earnings ratio of around 40 based on this year's estimates, which seems fair given its ability to gain operating leverage as it grows revenue. While I wouldn't expect another doubling of the stock, it should be able to hold its gains this time around. | 2023-07-24 |
666 | Vote | The fully funded Canadian Clean Energy Shuttle Program (CCES) is designed to leverage your experience and skills to reposition yourself for success. | https://alb.reddit.com/cr?za=_G2kO-jtCj0Rs3G6rlcnDlgGLGHDT2GXGjW5QcyDxlfafdUnPxS4BHMkvxLGfqgN1QLqZPnm_mjrNtWZJO5AhUZb_UU4djWirkvESV9ytXk9HsX5tDRNOZLDkU21K1fUEkDuDavtThIwhtsIxy97oWXM3Uh8a-U8FJvDXGncYutH93s-YVV4eEIRpKja7F4Ov39oGyo_RAETCDxXbleZzfYzuyGp5Yf9ibK51D-oewOm4OwrbzOX6LD4iWZ1VQcKztp8bLu3HDsrCCmpD6zV2ZHye5hxSJlRQMn4kkUdZRwIODKatqdn3Fpywzg136pCO8lSLaDOEi6rQBY9apF9x6OdyPRCfwTaycQ2h40X4MMYgHVIulxH5h1iL-gqGw4qAps6UvXToQ&zp=PzR41_kZVaiOSxN35kbE3o5zdNSbEc6Eaqq9qcVBj6V7wtlgLvB0CyxduB4J3kbM6nCkiQ5V4O_jhNfByPxcE46n2DUYIg_uO3shxvUMyH0konyX9xVPdOWmjDWiwmv3MUkusKa-tWJ-aayGE2zBlcl9rubRKxTHApNXfjFTuUM | 0 | null | null | 2023-07-24 |
667 | 0 | Top Cathie Wood stock near the buy point is expected to deliver 772% EPS growth.
Industry News | null | 9 | 2023-06-28 | Cathie Wood often invests in speculative companies with profits that are years away, though Tesla (TSLA) has been profitable for years. So has Shopify (SHOP), a top-10 Ark Invest holding. Thanks to a strategic shift, Shopify earnings growth is expected to skyrocket in 2023, with strong gains continuing next year. And SHOP stock is near a buy point.
Shopify Logistics Sale
Shopify announced the sale of its fulfillment business to privately held Flexport on May 4, with the deal closing in June. The e-commerce software giant in recent years had sought to challenge Amazon.com (AMZN) in third-party fulfillment for online orders. But it turned out to be an "expensive experiment."
Shopify now holds a 13% stake in Flexport, but exiting logistics will mean the company can slash costs. Meanwhile, gross merchandise growth is picking up after slowing sharply following the coronavirus pandemic boom.
Shopify Earnings
Shopify earnings plunged to 4 cents a share in 2022 from 64 cents in 2021. The end of the pandemic meant a big slowdown in e-commerce growth.
First-quarter earnings, reported May 4 along with the Flexport deal, tumbled 50% vs. a year earlier. Sales grew 25% to $1.51 billion.
Shopify Earnings
Shopify earnings plunged to 4 cents a share in 2022 from 64 cents in 2021. The end of the pandemic meant a big slowdown in e-commerce growth.
First-quarter earnings, reported May 4 along with the Flexport deal, tumbled 50% vs. a year earlier. Sales grew 25% to $1.51 billion.
SHOP Stock
Shopify stock gapped up 24% on May 4 following first-quarter earnings and the Flexport deal, blasting out of a cup-with-handle base. After peaking at a 52-week high of 65.54 on May 10, shares began to consolidate. SHOP stock briefly broke out to a fresh 52-week high in mid-June, but pulled back with the broader market.
This Cathie Wood stock has once again found support at the 21-day line. Investors could still use 65.64 as a place to start or add to a Shopify stock position. The risks would be elevated if the market pullback is still ongoing.
Ark Invest Stake
Ark Invest owns 0.68% of Shopify stock as of June 26. It's the 8th-largest holding across Cathie Wood's Ark ETFs, with a 3.85% weight overall.
While SHOP stock has been a big winner for Ark Invest in 2023, its current position is still underwater. The ARKK, ARKW and ARKF funds have an average cost of $121.32-$128.27.
That's not uncommon. Ark Invest has a big profit in its current Tesla stock holdings. But the other top-10 Cathie Wood stock positions are losers right now, with some more than 75% below Ark's cost basis.
https://www.investors.com/news/cathie-wood-stock-top-ark-invest-stock-expected-to-deliver-772-earnings-growth/ | 2023-07-24 |
668 | 166 | Lucid to work together with Aston Marton | null | 44 | 2023-06-26 | https://www.prnewswire.com/news-releases/lucids-world-leading-electric-powertrain-technology-propels-aston-martin-to-a-bold-electric-future-301862865.html
Lucid and Aston Martin enter long-term strategic technology partnership for the integration and supply of Lucid's state-of-the-art electric vehicle powertrain and battery systems in contracts worth in excess of $450M.
This landmark agreement marks the first such relationship for Lucid Group's technology arm, a realization of a vision that expands the reach of the company's products and paves the way for future, more mainstream applications.
Aston Martin will receive direct access to Lucid's proprietary electric powertrain technology, including its ultra-high performance twin motor drive unit, renowned battery technology, and revolutionary Wunderbox.
Aston Martin will pay Lucid technology access fees for Lucid's technologies in a combination of Aston Martin shares and phased cash payments, with Lucid becoming a shareholder in Aston Martin.
Additionally, Lucid and Aston Martin will enter into supply arrangements for Lucid's powertrain components and systems.
Lucid currently has a negative P/E, but it has Saudi PIF backing. Thoughts? | 2023-07-24 |
669 | 0 | Reddit's Impact on Market Movements using Keyword Frequency Analysis
Advice | null | 7 | 2023-06-27 | As seasoned investors, we know that financial markets are heavily influenced by news, events, and, to a large extent, public sentiment. Social media platforms, particularly Reddit, have proven to be significant players in shaping this sentiment and consequently influencing market trends. We've seen this phenomenon play out quite spectacularly in recent times.
While we appreciate the insightful discussions and debates on this platform, the sheer volume of content can be overwhelming, and key signals might get lost in the noise. Imagine being able to quantify these discussions in a way that could potentially highlight market-moving trends?
My passion for decoding these signals has led me to develop a tool that does just this. It analyzes keyword frequency on Reddit, mapping how often specific terms are mentioned within a defined time frame. This data can then be correlated to the price changes of specified stocks.
The idea isn't to predict exact price movements - as we all know, the market is far too complex for that. But it's about identifying emerging trends, gauging the intensity of discussions around specific keywords (which might be stocks, sectors, or economic indicators), and seeing how these discussions relate to price changes.
The results have been interesting, to say the least. I'm planning to share some of the insights and findings soon, but I wanted to give you a heads-up first. I'm not promoting any stocks or strategies, just offering a different way of looking at the information we're all immersed in every day.
what are your thoughts on this approach and whether you believe it could add another layer to our collective market analysis efforts?
Disclaimer: This post does not provide financial advice. It is intended to bring attention to new methods of data interpretation in the world of stock investing. I am not a financial advisor, and the information provided should not be used as investment advice. Always do your own research and consult a professional before making investment decisions. | 2023-07-24 |
670 | 116 | Is it a bad time to buy Microsoft shares? | null | 135 comments | 2023-06-26 | I just sold a bunch of shares, about $22,000 worth (which for me is a lot) not because I wanted to trim my position, but because I was trying to move the shares from one account to another (moving it into a tax-free account)I was planning to immediately re-invest the money back in again via my second account, but I've been wondering if I should just take the profit and stay out for the time being or put it elsewhere.On the one hand, betting against a company like Microsoft and "waiting for a dip" is rarely a smart move. However, the share growth has been enormous this year to an extent that seems unsustainable and unjustified, I can't shake the feeling that it's being pumped by the current buzzword of AI. Their growth is seemingly showing signs of slowing, though it is still good.I readily admit I'm not knowledgeable about how to assess "fair valuation" for a company. I am wondering what sentiment here is on Microsoft... | 2023-07-24 |
671 | 23 | Das mit Spannung erwartete Einzelspieler-Weltraum-Action-RPG EVERSPACE 2 erscheint am 15. August 2023 für PlayStation 5 und Xbox Series X|S! 🚀🚀🚀 Jetzt mit 20% Rabatt auf PlayStation vorbestellen oder an Tag 1 über Xbox Game Pass spielen und beim Kauf 20% sparen! | https://alb.reddit.com/cr?za=KIaOJa0_plmcRWwNeeqxSQePUbyUoOLpDQBLxVtLZoP7UdbGZ-CcJl68XW0BzfTn_P210gO0xM_J6zY4qwrz_iRYv1NJwA6nIwNdBn_WvwoHzg7ruPDl9E2SQqwSoM_lhQDkqFNTbDFpwBt6uOE4oJQ3VA6IeLluOPTkldl7yMiwtj0UpIfxdOPaPj6tFUX1WT6zq6T-dysmRE07pTPwYhASsdbTM9ZYf-4Wv7ql_5PiCfKNk1DMerSnWH7SQPx4cwU5wCLUrR-0ZQRtm6t_qRgRAEYZgCaap4TfHufthXm2QwzVzaaERan-5ILBo_W9JmP1AB_Vy06EjPpR3rlEImxY3YVsIMmPqnXBiJ1qVVlmb0OMLlspm_FY57eSoA&zp=vQTOUwUr9OFtNPpadCvk4MD3PC02mya-01hqNoixCzKUIjdPs72w6vVigEa8CTKcZEnXqWKh0iMKSRKUCOqu2QfVsxIaL2oy96jFAfmZ542tH64sqIN4kpk06sRVOUCBWdStij9NVo1CZKbpjQG9GLsM5GZw4JJ1UKZbpw_ED92gytCX6WNHCvfQ9VU | 0 comments | null | null | 2023-07-24 |
672 | 0 | Trying to code for a missing stock in Google Sheets Portfolio (NYSE:RC), please help | null | 10 comments | 2023-06-27 | Hi, I'm trying to use the IMPORTXML function in google sheets since the RC stock is now missing from GOOGLEFINANCE. I tried data scraping off of yahoo finance, motley fool, etc. but I always get "N/A resource at url not found."E.g. =IMPORTXML("https://finance.yahoo.com/quote/RC/","/html/body/div[1]/div/div/div[1]/div/div[2]/div/div/div[6]/div/div/div/div[3]/div[1]/div/fin-streamer[1]")Any suggestions? | 2023-07-24 |
673 | 1 | Outlook on airline industry? JETS ETF up 3% today… | null | 6 comments | 2023-06-27 | I bought JETS ETF around $17.50 and today it’s up near $21. Considering selling but not sure whether it’s worth holding, especially considering Buffet’s bearish view on airline stocks. Anyone else in a similar spot? Curious to hear others thoughts on the outlook for this industry and whether it’s worth continuing to hold | 2023-07-24 |
674 | 196 | Super-rich Americans are giving up on the stock market, hold record levels of cash — here's why and what they're plowing their wealth into | null | 207 comments | 2023-06-26 | Across the country, America’s super-rich have reduced their exposure to the stock market by the most dramatic margin in years, according to recent data from the Capgemini Research Institute.High net worth individuals — defined by Capgemini as those with $1 million or more in investable assets — held over 34% of their portfolios in cash as of January 2023. That’s the highest level since at least 2002. It’s also significantly higher than the 24% cash exposure these investors had last year.Ultra-high net-worth individuals and billionaires seem to be following a similar pattern. Warren Buffett’s Berkshire Hathaway, for instance, added $2 billion to its cash reserve in the most recent quarter, bringing its cash balance to $130 billion.By comparison, wealthy investors had just 23% of their net assets in publicly traded stocks. That’s the lowest level of stock exposure in 21 years, according to the report. Rich Americans seem to have given up on the stock market, even as some stocks rebound.The retreat of the ultra-wealthy from the stock market could offer some early warning for retail investors.Super-rich are in ‘wealth preservation’ mode“Wealthy investors are still in wealth preservation mode,” said CNBC Wealth editor Robert Frank in a recent interview dissecting Capgemini’s report. More than two-thirds of investors surveyed said preserving their capital was a top priority right now.Rampant inflation and rising interest rates have made stocks less attractive. Meanwhile, cash and cash equivalents can generate better-than-anticipated returns. A two-year U.S. government treasury bond offers a yield of 4.59%. That’s the highest interest rate have been on risk-free investments since 2007.By comparison, the S&P 500 currently offers an earnings yield (inverted price-to-earnings ratio) of 4%.Given their higher level of volatility and risk, stocks are only an attractive investment if they offer a significantly better return than safer options like U.S. government bonds.With returns on very low-risk investments so elevated, wealthy investors are probably seeing better alternatives elsewhere.Better alternativesThe UBS Global Family Office report, which surveys families with over $100 million in investable assets, also tells the story of investors looking at alternative assets and fixed-income securities.People in this group of the ultra-rich are planning to increase their exposure to these types of safer, more predictable fixed-income securities from 12% to 15% this year, the report says.Private equity and private credit were also on these families’ radars.Returns on private-credit deals could be in the 12-to-15% range, which is significantly attractive, CNBC’s Frank said in his interview.Opportunities for retail investorsUnfortunately, with the barrier to entry on private equity or private credit so high, retail investors don’t typically enjoy the same access to alternative investments as the wildly wealthy. The barrier to entry for private equity or private credit is simply too high. However, there are some attractive opportunities on the horizon for average investors.The SPDR Portfolio High Yield Bond ETF, for example, offers a yield-to-maturity of 8.81%. This fund invests in corporate bonds that are below investment-grade, and therefore carry more risk. Meanwhile, investment-grade corporate bonds with a AAA credit rate currently offer an average yield of 4.74%.With fixed-income yields growing, retail investors might consider parking some cash in these instruments. Bonds haven’t been popular in decades, but as investors search for a safe and steady place to park their wealth, they’re seeing a resurgence. | 2023-07-24 |
675 | 150 | Is DraftKings on Point? | null | 59 comments | 2023-06-26 | There has been a $195 million bid by DraftKings to acquire PointsBet's U.S. assets, which is 30% higher than the previous offer from Fanatic. This may come as a desperate attempt by DraftKings to slow down the deal between Fanatic and PointBets as DraftKings has to pay a premium of 30%. Nevertheless, if DraftKings receives regulatory approval and completes the transaction, it will fundamentally undermine Fanatics' effort to expand sports betting in the 15 states where PointsBet does business. Through licencing, PointsBet’s "points betting" product and Banach risk and trading platform are added to DraftKings, giving it access to some distinctive technology.There are possible synergies that could be achieved by purchasing PointsBet's U.S. operations, such as providing our consumers with intriguing new bet kinds and hastening the process of bringing more of our mobile sports betting technology in-house. In their letter to PointsBet, DraftKings emphasised the investment case for the transaction which are improving its product, expanding its internal capabilities, and providing "considerable synergies." Hence, DraftKings can drive sustainable organic revenue growth in the United States.In spite of some concerns that customers might be cutting back, the DraftKings-PointsBet partnership was announced as fresh data showed that Q2 sports betting patterns are healthy. Notably, for the states that have reported, U.S. sports betting handle has exceeded projections for April and May, and Q2 gross gaming revenue predictions have been increased to over $2B. The profitability has benefited from increased sector-wide promotional spending, lower overall marketing expenses, and a switch to more effective national advertising, according to analysts.Most importantly, management of DraftKings anticipates that the deal will boost the company's potential for positive adjusted EBITDA in 2025 while having no negative impact on those projections for 2024.The question is whether PointBets would choose Draftkings over Fanatics.https://igamingbusiness.com/strategy/ma/draftkings-enters-race-to-acquire-pointsbet-us/ | 2023-07-24 |
676 | 0 | Just Eat Takeaway(TKWY) | null | 13 comments | 2023-06-27 | What do you think about this stock? I think now it presenting a positive operational income and being market leader in a few important markets like Germany and the Uk. That it is a interessting buy especially for the really low valution it has at the moment. Edit: 7% up today | 2023-07-24 |
677 | 11 | Won’t buy shares at the strike? | null | 15 comments | 2023-06-26 | On ThinkOrSwim paper money I bought a call option contracts at the strike of 11 while the stock was already at 14.19 so I exercised my contract to buy 100 shares at 11 but it bought at the market price and the active trader average was $14.19/share. Am I doing something wrong? I can’t find anything online. | 2023-07-24 |
678 | 101 | China Stocks Plummet on Weak Holiday Tourism Data - F*ck! | null | 54 comments | 2023-06-26 | The article paints a bleak picture of the Chinese economy, with tourism data during the Dragon Boat Festival pointing to weak economic recovery. The S&P Global cutting its 2023 GDP growth forecast for China to 5.2% from 5.5% previously is a sign that the post-COVID recovery is faltering. Artificial intelligence stocks have also slumped, indicating that the tech sector is not immune to the economic slowdown.However, there are some positives to be taken from the situation. The Hang Seng China Enterprises Index edged up 0.1%, and tech giants listed in Hong Kong edged up 0.3%. Oil was slightly higher on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply.Overall, it is clear that the Chinese economy is struggling to recover from the pandemic. It is likely that the Chinese government will need to step in with more stimulus measures in order to jump-start the economy. However, it is also possible that the Chinese economy could be resilient enough to weather the storm without any additional government intervention. Only time will tell.(https://www.devdiscourse.com/article/technology/2500772-china-stocks-fall-on-weak-holiday-tourism-data)What measures can China take to stimulate its economy and ensure a strong post-COVID recovery? | 2023-07-24 |
679 | 7 | Investopedia - “IBKR has more fractional shares available across more markets than anyone else.” Your capital is at risk. | https://alb.reddit.com/cr?za=B6aVxqHCEMsAcMrx7RnpwUGKojeHGSa5fY1WVRgrlmNqy5NYsJKefE20S_VDWhmyXZmWecGkpSJKEZxbnYbZ3QNlZZy_nEQ9X_m5MbIp9FUpgdWStt5VZ_T5d3hwZT10LoVpZn5bTbQyxHPZ0dn0dj7mDHBiweYk3IE_7Us2L-pJGtcxaS4P-7F8-d5GZYGWR9sYeTQV4z1wMngZ5LJpzwuTX4T8Po_2egXQpMtp_NrF0Mdp_UBoJPxfhNE9xzP6gDMzqqCXJjziiLGOAXtnlxIMKYw2fWoDvcDXzLp3dkHiyftAg9NiAnJqPBIhQ3jnaEG5jcAvyO9DPhHv-FhQzU92_DcL4sj6jDU7rDuuCBvk1j3hvHE1qShOVLe9exrO0o_N5UQr&zp=F-Tyvw2Q5Tp2DUAhXzfpQh1BBRvymVTSvvCSDBP8AeFBACwihYklX22DECal8f2SOloagedRPbdmBKIRupYXWhf0WObnysKyvdyujWhdNHPox481Q6Mitl80SzqVhwsbg-lmsndmor-JkGfU0A3LW19TlrbOflA6xGbIOeN-vH_5aQT0q6KlLh0cxiYweBXZ4A7mNMQkJC7_ujl8hD4sZy2qsDz7dlKNjLK3cc83UresL6qBkG3H0YzCg8upI4BwZR-Wsw | 0 comments | null | null | 2023-07-24 |
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