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780 | 2.7k | It’s official: Student loan payments will restart in October, Education Department says
Off topic | null | 1.1k | 2023-06-24 | ERROR: type should be string, got "https://www.cnbc.com/2023/06/20/its-official-student-loan-payments-will-restart-in-october.html\n\nOver the three-year-long pause on student loan payments, the U.S. Department of Education has repeatedly told borrowers their bills were set to resume, only to take it back and provide them more time.This time, however, the agency really means it.The Education Department posted on its website that “payments will be due starting in October,” and a recent law passed by Congress will make changing that plan difficult. It will likely be a big adjustment for borrowers when the pandemic-era policy expires. Around 40 million Americans have debt from their education. The typical monthly bill is roughly $350.“For many borrowers, the payment pause has been life altering — saving many from financial ruin and allowing others to finally get ahead financially,” said Persis Yu, deputy executive director at the Student Borrower Protection Center. Here’s what to know.\n\n3-year pause saved the average borrower $15,000\n\nFormer President Donald Trump first announced the stay on federal student loan bills and the accrual of interest in March 2020, when the coronavirus pandemic hit the U.S. and crippled the economy. The pause has since been extended eight times. Nearly all people eligible for the relief have taken advantage of it, with less than 1% of qualifying borrowers continuing to make payments on their education debt, according to an analysis by higher education expert Mark Kantrowitz.\n\nAs a result of the policy, the average borrower likely saved around $15,000 in student loan payments, Kantrowitz said. Why the pause will end in the fall The Education Department notes on its financial aid website that “Congress recently passed a law preventing further extensions of the payment pause.” It is referring to the agreement reached between Republicans and Democrats to raise the nation’s debt ceiling, which President Joe Biden signed into law in early June. In exchange for voting to increase the borrowing limit, Republicans demanded large cuts to federal spending. They sought to repeal Biden’s executive action granting student loan forgiveness, but the Biden administration refused to agree to that. However, included in the deal was a provision that officially terminates the pause at the end of August.\n\nEven before that agreement, the Biden administration had been preparing borrowers for their payments to resume by September. “The emergency period is over, and we’re preparing our borrowers to restart,” Education Secretary Miguel Cardona recently said at a Senate hearing.Interest will pick up in September, payments in October The Education Department says borrowers will be expected to make their first post-pause payment in October. Meanwhile, interest will start accumulating on borrowers’ debt again on Sept. 1, the department says.Exact due dates will vary based on your account details, Kantrowitz said.“Your due date will be at least 21 days after you’re sent a loan statement,” he said. Borrowers don’t know what they’ll owe As the Biden administration tries to ready millions of Americans to restart their student loan payments, there’s one big open question that may make that preparation difficult: Most borrowers don’t know what they’ll owe in the fall.That’s because the Supreme Court has yet to issue a verdict on the validity of Biden’s plan to cancel up to $20,000 in student debt for borrowers. A decision is expected this month. Around 37 million people would be eligible for some loan cancellation, Kantrowitz estimated.\n\nRoughly a third of those with federal student loans, or 14 million people, would have their balances entirely forgiven by the president’s program, according to an estimate by Kantrowitz. As a result, these borrowers won’t owe anything come October. For those who still have a balance after the relief, the Education Department has said it plans to “re-amortize” borrowers’ lower debts. That’s a wonky term that means it will recalculate people’s monthly payment based on their lower tab and the number of months they have left on their repayment timeline.Kantrowitz provided an example: Let’s say a person currently owes $30,000 in student loans at a 5% interest rate. Before the pandemic, they would have paid around $320 a month on a 10-year repayment term. If forgiveness goes through and that person gets $10,000 in relief, their total balance would be reduced by a third, and their monthly payment will drop by a third, to roughly $210 a month.\n\nEducation Department Undersecretary James Kvaal recently warned that if the administration is unable to deliver on Biden’s loan forgiveness, delinquency and default rates could skyrocket. The borrowers most in jeopardy of defaulting are those for whom Biden’s policy would have wiped out their balance entirely, Kvaal said. “Unless the Department is allowed to provide one-time student loan debt relief,” Kvaal said, “we expect this group of borrowers to have higher loan default rates due to the ongoing confusion about what they owe.”" | 2023-07-24 |
781 | 87 | UK inflation stops dropping, could this also happen with US? | null | 56 | 2023-06-24 | https://www.cnn.com/2023/06/21/economy/uk-inflation-not-falling/index.html
https://www.bloomberg.com/news/videos/2023-06-21/uk-latest-inflation-higher-than-expected-in-may-video
Core inflation actually went up... | 2023-07-24 |
782 | 1 | 2M+ investors from 200+ countries/territories trade on 150+ global exchanges in 26 currencies. Your capital is at risk. | https://alb.reddit.com/cr?za=WBHYnFL9uAJs8nb7YFp670GO_RgIBcxpzXQ88D3gOZWTJoj1zl3lgi-8ZzhS_2uA8P01EQZZxGdnVYOymGIV1-ayQPrHhD2MqgWv-RYRK68ZHWAG4mo8BmgmKT7D_2N3OtsLFr5LIV0H2gNZ14NBAzfvjGBJq0zI5tANACgwQte-7yySUPrftuUZVU796buIxDVZQ2577C-OsG53dbRa1FdrFqsIDP3E9LN3-X8k9sXZa2B0aZ6GwplVgrAqqHGLuIGXfzZFspf8m5OUVkJ8OEy-rQBHh_PAbwF7Rtq_Yc4dQxNkMFHoWMlkmnRWXxrGcLysz_p4tusgSu3XaG53smziiC1YnLgDaj8CdhV_W-LkEnS8kRCkmpz8VvyWgBvbb5uzUuTR&zp=fvwLG3TetANBfOhT3mG3jbgrOU0_Le4R190jWIRiRWMdCPoVXrLB3r9TKBWVVQLeK_ml4QgRaZyswv_zMSoY3bRtNHoVcvAJ0fdWnOOFKIkVrs2o2c9GfRg7z9ilwN2dW65D9G_Or8E0IPA8pWHnD_hfWpPX2C1x7frztgb2RMp5E74McBYmszs8hzqg9vEtHGCOxgLWkcHW7eDRGavguixKRMOGEtYf_y9njJQ5yUqj4v4Ee8-r | 0 | null | null | 2023-07-24 |
783 | 106 | Inverted yield curve hits 4 decade high
Company Analysis | null | 153 | 2023-06-24 | Yield curve inversion reached a multi-decade record on Tuesday as the spread between the U.S. 10-Year Treasury yield (US10Y) and the U.S. 2-Year Treasury yield (US2Y) reached 97 basis points. This represented the widest gap the curve since the early 1980s.
It’s a weird time in the markets. The data is saying a recession in the next 6-24 months but who really knows.
This also could be a very mild recession or none at all. The Fed seems like they can pump money into anything to save from disaster (recent banking situation). Student loans will start up again, inflation is cooling but rates may still increase, and the job market is still very strong.
I’m curious what people think.
I personally think there is more upside in the short term but bond funds are starting to look very lucrative/safe.
How are you playing this situation? | 2023-07-24 |
784 | 0 | How are you guys preparing for upcoming recession?
Advice | null | 62 | 2023-06-24 | As we face the prospect of an upcoming recession, I would like to gather insights from this community regarding your preparedness plans. This post serves as an open invitation for all participants to share their strategies and perspectives on navigating this economic downturn.
Here are some key points to consider when sharing your thoughts:
1️⃣ What steps are you taking to prepare for the anticipated recession? 2️⃣ Are you making any adjustments to your investment portfolio? If so, what strategies are you employing? 3️⃣ How are you fortifying your personal finances to withstand potential economic turbulence? 4️⃣ Are there any specific industries or sectors you're focusing on or avoiding during this uncertain time? 5️⃣ Have you considered exploring alternative income sources or diversifying your revenue streams?
Please note that this discussion aims to exchange practical insights and experiences. Let's keep the tone professional and focused on sharing information that can benefit others in their preparations.
Thank you in advance for your participation. Your contributions are greatly appreciated! | 2023-07-24 |
785 | 12 | Algoma steel Update (All Canadian dollars)
Company Discussion | null | 7 | 2023-06-24 | If you didn’t see my first post a few months back, here is my writeup: https://drive.google.com/file/d/1IVId0jgge8ugj2JuU34pHdxM0dkuDYYB/view
As of market close today, Algoma Steel reported a beat in earnings compared to their guidance they gave at the end of the quarter knowing it would take a while for them to report
Here are the highlights: • 47.9M in adjusted EBITDA at a 7.1% margin (beat guidance of $25M-$30M) • Revenue of 677.4M (1%-3% off my estimate so thats a win) • OCF of $95.4M (NWC change of 52M due to over $200M in inventory liquidation which was expected and is nice to see) • 571k in shipments with that being a nice 10k beat likely due to inventory liquidations being better than expected (they definitely were)
Events that occurred: • Increasing of budget for EAF transformation by 125M-175M but that should be it, and compared to next quarter’s cash flow, it is minor lol with contingency still being baked into the budget • Start-up activities moved from mid-2024 to end-of-year 2024 with commissioning now expected in Q3 2025 for EAF • Plate Mill Modernization set for April 2024 which is nice to see a set date with expected inventory buildup for the 40 days off • Definitive date of 2030 for phase 3 connection to full grid, though first phase was approved so neutral on this front
Guidance for Q2 2023: • Adjusted EBTDA of 170M-180M • 550k-560k
Opinion on Results & Guidance: Basically, 3 months ago they guided a lighter EBITDA so this was a nice beat along with great inventory reduction. I do wish utilization for the next quarter would be more like 575k but its good enough. The fact is that I already estimate 835M in steel revenue (880M total revenue) for Q2 2023 through basic steel price modeling equivalent to a 20% EBITDA margin. Because modeling costs is harder, i was expecting more in the 25%-30% range but my expectations were wide at 150M-250M, so this being guided is definitely nice to see. Also considering the current prices, though Q3 prices have barely started, I would say EBITDA is in the wide range of 50M-125M.
The fact is at Q2 2023 EBITDA annualized, Algoma trades at a 1.31x EV/EBITDA multiple with no other steel company being as close to as low. We can even assume things go to shit and they break even, that would be a 5x 2023 EBITDA in essentially the worst case.
No other steel stock trades at this low of a multiple. I mean look at their Canadian peer Stelco which had a slightly higher 9% EBITDA margin, a smaller gap than usual which shows algoma steel is becoming more efficient. StelCo trades at almost a 100% premium on an EV/EBITDA basis, a pair trade may be attractive at these valuation levels and due to the closing efficiency/utilization gap.
Also, just to add, this 175M of EBITDA converts to roughly 120M in FCF excluding growth capex (EAF/plate) and CNWC (should be positive anyway), or an annualized FCF yield of almost 50%!! | 2023-07-24 |
786 | 9 | Quantitative Analysis for Veeva Systems, Inc. (NYSE: VEEV) | null | 3 comments | 2023-06-24 | I've been working on some new algorithms and screens to find winning stocks. One focuses on large domestic companies outside the S&P 500. Veeva is one I have been following for a few years.I do not own Veeva, nor do I plan to in the next 48 hours.Snapshot for Veeva Systems, Inc.Sector: HealthcareIndustry: Healthcare Support ServicesCountry: USACurrent Price: $202.37Veeva Systems Inc. is a provider of industry cloud solutions for the global life sciences industry. The Company's offerings span cloud software, data, and business consulting and are designed to meet the needs of its customers and their most strategic business functions from research and development (R&D) to commercialization. The Company's industry cloud solutions for the life sciences industry are grouped into two major product families: Veeva Development Cloud and Veeva Commercial Cloud. Veeva Development Cloud includes application suites for the clinical, regulatory, and safety functions of life sciences companies, all built on its proprietary Veeva Vault platform. Veeva Commercial Cloud includes solutions for the sales, medical affairs, and marketing functions of a life sciences company. Its software offerings include Veeva CRM, Veeva Vault PromoMats, Veeva Vault Medical, and Veeva Crossix. Its data offerings include Veeva OpenData, Veeva Link, and Veeva Compass.Financial Health for Veeva Systems, Inc.Altman Z-Score: 20.11Financial Health: SAFERevenue Analysis for Veeva Systems, Inc.Regressed Revenue Growth: 24.38%Future Revenue Growth:26.31%Based on historical valuations and revenue, the present value for Veeva Systems, Inc. is:Bearish Case: $352.70Bullish Case: $719.83Income Analysis for Veeva Systems, Inc.Regressed Net Income Growth: 21.17%Future Net Income Growth: 45.37%Based on historical valuations and net income, the present value for Veeva Systems, Inc. is:Bearish Case: $273.58Bullish Case: $689.24Free Cash Flow Analysis for Veeva Systems, Inc.Cost of Equity: 11.90%Weighted Average Cost of Capital: 8.45%Based on sensitivity analysis, the fair value for Veeva Systems, Inc. is:Bearish Case: $121.71Bullish Case: $160.55Dividend Analysis for Veeva Systems, Inc.Current Yield : 0.00%Historical Yield : 0.00%Regressed Dividend Growth : 0.00%Future Dividend Growth : 0.00%Based on historical dividends, the fair value for Veeva Systems, Inc. is: $0.00Final Ratings for Veeva Systems, Inc.Growth Rating: 4-StarIncome Rating: 1-Star | 2023-07-24 |
787 | 46 | The Underdogs are back in action. This time in search of a missing Mac. See how the team and IT, together with Apple’s suite of security features, step in to save the day. | https://alb.reddit.com/cr?za=ZuBpP8xzQ9p2colotJT3YHhachc8baK3W17GkA-iAci0Yt085ovrAL9yCW8tzV_bgz85dYrrJUssUQSznGlYKCnOpuXWEpyynL-MKDxvmvGM9AoRhhN-wqqmoj9x1eyMsYnw3vOwO4I0ZOc9dozqmilewPLWYBcJ0gckDSMFOhNUrKCqGFEvStSPwcazbmNYrJSwWbJ-X1aKGn_P4Zx3_iVBm7E1-4EYxzDE2qWz0fiPzyc76LYcCO4FwGMfqj6K4-7CWHCxNGaEG4GiPc73HfelMRz-exKiiMD3FIf-phRKi3nGWmxKY2g5UHqlcsB_iwqTRbRreDwgOKlOpkfOVQZHE2-cFQ4XI1qHHH1eh_uxQ_XhXIUCV9NdMSVQ_oEBTl3fN0zeLg&zp=sxDh8RCmDftvMcu9FLcyEB4HxOGa9bgcpiT8nN31Bj4whxoB0J7UyPAH2ReWjy3nCMuMkNaSMEWbc_WUQ7yPD7Z9Lhc1taOUa1j5SdtrsA2OCMdfAJfpiiPF8U6O4Oc2eJpZAj96MJN1m94hyqR7xp-BqM8pMcadUfJFYXanSkpfSO---pb9S3x-fTzEDRF6BXjSiHNrqMOOV-y7UTvpuvfSThlhKQv88QV9uLcle7MGh1h2T9KfvEKjw11cfdSvTr_mF_EQ4jUiMj6mJdsPqqDNvdKv7PA01gNLnhRt0TPnqnCLWgsZU4MjbcuImNx09POiA_VQx8wc1-CJVD-7AYB6yb-evteoWhcM | 0 comments | null | null | 2023-07-24 |
788 | 176 | U.K. Core CPI (excluding energy, food, alcohol and tobacco) rose by 7.1% in the 12 months to May 2023, up from 6.8% in April | null | 90 comments | 2023-06-24 | The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 7.9% in the 12 months to May 2023, up from 7.8% in April.On a monthly basis, CPIH rose by 0.6% in May 2023, compared with a rise of 0.6% in May 2022.The Consumer Prices Index (CPI) rose by 8.7% in the 12 months to May 2023, unchanged from April.On a monthly basis, CPI rose by 0.7% in May 2023, compared with a rise of 0.7% in May 2022.Rising prices for air travel, recreational and cultural goods and services, and second-hand cars resulted in the largest upward contributions to the monthly change in both the CPIH and CPI annual rates.Falling prices for motor fuel led to the largest downward contribution to the monthly change in CPIH and CPI annual rates, while prices for food and non-alcoholic beverages rose in May 2023 but by less than in May 2022, also leading to an easing in the annual rates. Core CPIH (excluding energy, food, alcohol and tobacco) rose by 6.5% in the 12 months to May 2023, up from 6.2% in April, and the highest rate for over 30 years; the CPIH goods annual rate eased from 10.0% to 9.7%, while the CPIH services annual rate rose from 6.0% to 6.3%.Core CPI (excluding energy, food, alcohol and tobacco) rose by 7.1% in the 12 months to May 2023, up from 6.8% in April, and the highest rate since March 1992; the CPI goods annual rate eased from 10.0% to 9.7%, while the CPI services annual rate rose from 6.9% to 7.4%.Source. | 2023-07-24 |
789 | 2 | Tesla stock ($TSLA) sinks as Barclays says it's time 'to move to the sidelines'. | null | 13 comments | 2023-06-24 | Tesla ($TSLA) stock sank 5.5% on Wednesday, its steepest loss in two months, after one analyst on Wall Street cautioned it was time to take some money off the table.In a note to investors on Wednesday, Barclays analyst Dan Levy downgraded Tesla shares to Equal Weight from Overweight, claiming the recent rally ignored near-term questions about the stock’s fundamentals. Though Tesla doesn’t exactly trade on fundamentals — it currently trades at a forward P/E of 80 — Levy does make some interesting points about where Tesla stock sits compared to only a month ago.“We believe the stock’s recent rally can be best explained by the market’s current AI-driven thematic trade, as well as excitement over recent announcements to open the TSLA Supercharger network to other brands,” Levy said in his note. “Yet while we aren’t surprised that the stock has participated in the rally, we believe it is prudent to move to the sidelines.”Levy’s main thesis for the downgrade rests on three main points: the AI effect that may be overblown, Tesla’s recent Supercharger deals and uncertain benefits, and, most importantly, how multiple expansion is really the “entirety of the rally.”As for AI, the recent run-up in Nvidia and other AI-related stocks that looped in Tesla made sense because of the company’s ventures like FSD (full self-driving), its Dojo supercomputer, and the Optimus robot (though somewhat ironically CEO Elon Musk has warned about the dangers of AI). Levy however believes AI is a “long-dated” opportunity for Tesla, not something that can be counted on right now to considerably boost its valuation.Similarly, Tesla’s charging deals with Ford, GM, and Rivian are seen more as creating “marketing benefits” for Tesla, with any gains again probably coming in the long term, Levy says.The biggest factor for the ~$300 billion run-up in Tesla stock has been its expanding multiple, Levy said. Tesla’s near-term fundamentals haven’t changed, and while other AI-related stocks have seen positive profit revisions that led to market cap increases, this isn’t the case for Tesla.Levy believes a number of factors fly in the face of that ballooning multiple, including that Barclays believes Tesla’s 2024 consensus EPS estimates are still too rosy and need to be brought down. In addition, Tesla’s margins are still “uncertain” given recent price cuts, though it is possible margins may have troughed. Finally, more price cuts may be necessary as Model 3 inventories look bloated, and increased Model Y production in Giga Austin and Berlin may necessitate further price reductions, again hurting margins.All that being said, Levy is still long-term bullish on Tesla’s prospects, just not a buyer at these levels. “We continue to see TSLA as the long-term winner amongst OEMs in the race to an EV world,” Levy says, but “near term fundamentals need to be considered.” | 2023-07-24 |
790 | 5 | If you are looking to add aaple to your portfolio, what put would you set today? | null | 8 comments | 2023-06-24 | I got out at 165 to cover some of my puts. I'm willing to enter again and thinking of setting a put. But it seems like way too high now to get back in. And how far do you set put in general? I like to set puts one month at max. | 2023-07-24 |
791 | 34 | Help me with the math on TSLA supercharging | null | 78 comments | 2023-06-24 | Lots of hype lately about the NACS plug standard adoption. Yes, it’s a good thing to have one type of plug across most/all cars. Yes, it will potentially generate more revenue for Tesla by increasing demand at super charger stations. However, I am seeing incredibly high $billion dollar revenue numbers getting thrown around like candy. Knowing the realization of this NACS adoption is years away and that Tesla has something like 17000 stations in the USA, let’s do some math:Assuming each charger is active everyday for 1 year and they are fully utilized at 24 times per day. At their charge rate I was told by others that each charge generates about $25 per. I think I am being very optimistic and conservative.So, I get to about $3.7/3.8B per year in Revenue (not earnings).If Tesla in 5 years doubled that 17000 in US then of course double that revenue number.Again, lots of assumptions and fairly optimistic and conservative.Where do all these so called expert analysts get their wild revenue numbers? I have seen $10B plus in revenue by 2030 and $100B plus by xxxx.Are they assuming that the rest of the world will also use Tesla super chargers at this same rate? Tesla will have no competition for charging? That EVs will dominate the car industry in next 5-10 years? Etc.OK, let’s throw in all 40000 chargers world wide and using same estimates we are $8.8B per year. Again, huge assumptions into the far off future.Aren’t the Tesla market cap increases after all these announcements ridiculous? Are analysts intentionally misleading investors with their unrealistic expectations for the next 5-10 years? Are investors blinded by the momentum trade? Is this another meme moment?What am I missing? | 2023-07-24 |
792 | 3 | How to capitalize on increasing cell phone and EV production through the materials made to use them? | null | 14 comments | 2023-06-24 | I am looking for an ETF, not miners. That have exposure to cobalt and lithium and other metals used in the production of EVs and cell phones. The way I see it they are going to be in rising demand for the foreseeable future. I looked at miner Glencore the largest producer of cobalt. Are any of you guys invested in these fields and can offer any guidance? Help and input would be greatly appreciated! | 2023-07-24 |
793 | 9 | Do stock chart patterns influence the market? | null | 20 comments | 2023-06-24 | I hope this isn't a dumb question, and I know I could have googled it but I want opinions.By simply existing do chart patterns have any effect on the market? Like when patterns are predicted to happen do automatic trading systems and brokers follow suit generally and fall into the pattern or is it more an after the fact sort of thing where you are just analyzing what happened?Or are they mostly just kinda fun but don't actually mean anything? | 2023-07-24 |
794 | 33 | Tesla stock hit 8-month high Friday; Cathie Wood sold and made millions | null | 12 comments | 2023-06-24 | Cathie Wood and her Ark Invest firm cashed in a portion of their Tesla (TSLA) stock holdings Friday with the EV giant hitting eight-month highs and up around 28% in June. Meanwhile, Tesla is ramping up end-of-quarter vehicle delivery incentives.Cathie Wood's Ark Investment Management sold 73,113 shares of Tesla Friday for around $19.05 million, based on TSLA's closing price of 260.54. Friday's Tesla sell-off was done through ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW).Tesla stock recorded two tiny losses and ended a record 13-day win streak last week. However, on Friday shares rose to a fresh eight-month high. Ahead of Tuesday's trade, TSLA was up more than 70% over the past seven weeks, but still short — down around 17% — of September highs.Cathie Wood has been buying up Tesla on the cheap throughout 2023 before selling big in recent days.On June 12, Wood sold off more than 393,000 shares of Tesla for around $98.2 million, based on TSLA's closing price of 249.83. Cathie Wood's funds purchased more than 1.3 million TSLA shares so far in 2023 and have now sold around 730,000 shares.Tesla stock jumped 5.3% to 274.31 Tuesday during market trade.Final Push For Vehicle DeliveriesTesla increased discounts on U.S. inventory Model S and Model X vehicles by $2,500 late Friday. Consumers can now get $7,500 off the luxury models after the EV company originally implemented a $5,000 price cut a few weeks ago.Meanwhile, days after Tesla increased U.S. Model Y all-wheel drive prices by $250, the company now offers discounts of around $500 on some inventory vehicles.Tesla also appears to be trying to move Model 3 inventory. Last week, the automaker began offering customers who order a Model 3 between June 14 and June 30 three months of unlimited free supercharging, according to the company's website.In China, Tesla is offering insurance subsidies on Model 3 vehicles. From June 16 to June 30, customers in China who buy and complete delivery of an in-inventory Model 3 rear-wheel drive vehicle will be eligible for an insurance subsidy of about $1,120.In China last week, Tesla sold 14,500 vehicles, down 12% from the 16,400 vehicles sold in the previous week.Through June 18, Tesla sold 40,600 vehicles in China, leading sales among "premium brands" in the country.Tesla StockTSLA advanced 1.8% to 260.54 Friday. On Thursday, shares fell 0.35% to 255.90 after slipping 0.74% Wednesday, snapping a run of 13 straight gains. Shares are up around 140% in 2023 and nearly 28% in June. However, Tesla stock is down around 37% from the all-time high of 414 it hit in November 2021.TSLA jumped more than 6% last week despite two straight consecutive sessions with losses.Tesla stock is well extended past a 207.79 buy point from what's either a cup or a double-bottom base.Shares are more than 30% above their 200-day/40-week moving average. That's the most extended they've been since the stock marked its peak in November 2021. | 2023-07-24 |
795 | 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=2KFlnNY9EDzor_CFF8HyS81sA4Eda5FJ2QYo95Rtalb6gfGHFCnIljmVE990QEujyPyqhjM0W8-IUbt7dQkjMgBw6HqLtv3SDdL_2sg5grSPVrf9kayAi_Gs5BaPoIpcsSNRfXFONdlsOuIcnUMaS6UxgUEtmbFaQOoENNY30b76wA2-xQ1CvEG-wZtEoxR6_DsOLEFyrZwsIhq4uoCJSsNIgMp7dWTKBkxSisZ4hEv4cPpXPmQ1pqr0C57FMxeQnx7oXmGHiXiW--ngveV-x35QQGWa15hoS2-6houdtGIm251q9vT7ROF-TmrkT2sMSrj9IOAcm5kYDOnWHu2xcYARvNtuH4r7a_sD794FKPrNGF4Nx7SiSVBM3ldWKg&zp=qWsBy4buZpT5uL9iF_MOGm150Z82IMrOWb4WQbjs04Zjo9CEhRB7TgrqkIJXJfC9yXRVAl4ns2HfWG0jSdN9lco8g_hRHeKYQefN3Bi6utLsR5NH48KlF9QAarZ6Y7cF6Hd9x2AkLGxnoBUx4yxzYh6M66vtOQt0GnZVTcfGjE-HJFTyiEDsPyYlmu0 | 0 comments | null | null | 2023-07-24 |
796 | 1 | Just got into stocks and realizing I need big money to make big money. | null | 31 comments | 2023-06-24 | I’ve been playing around with 5k in my trading account. I don’t invest all of it, but I did get into Amazon at $99 and realized my gains as soon as I made $500 on it. I’m realizing I should have kept it longer…But same with Tesla… I only had a handful amount of shares. I sold, for a small profit. Basically in order to make a huge buck, I need to risk a lot.Is selling for quick profits common? I would love to turn my 5k into 10k but how common is that??? | 2023-07-24 |
797 | 27 | r/Stocks Daily Discussion Wednesday - Jun 21, 2023 | null | 267 comments | 2023-06-24 | 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 |
798 | 881 | WalMart to create EV Charging Network. | null | 237 comments | 2023-06-24 | Full Article“With a store or club located within 10 miles of approximately 90% of Americans, we are uniquely positioned to deliver a convenient charging option that will help make EV ownership possible whether people live in rural, suburban, or urban areas,” wrote Walmart’s Senior Vice President of Energy Transformation Vishal Kapadia.By installing charging stations across the country, Walmart makes owning an EV easier for drivers who worry they won’t be able to find a place to charge their vehicle.“Easy access to on-the-go charging is a game-changer for drivers who have been hesitant to purchase an EV for concerns they won’t be able to find a charger in a clean, bright, and safe location when needed,” | 2023-07-24 |
799 | 23 | How to avoid feeling TSLA FOMO? | null | 103 comments | 2023-06-24 | Not sure if this is the correct forum for this discussion, but how do you all avoid FOMO from such huge rallies?I bought a lot of TSLA on margin at $160 and sold most of my shares at $250. I thought I made out like a bandit. It was the best trade of my life. I used the profits to pay taxes, go on a backpacking trip, close the margin account, and become totally debt free (aside from the mortgage.)Honestly it improved my life significantly.Still, now seeing it rise higher and higher, I’ve got FOMO and want to take another margin loan to jump back in for more profits. I reached the goal but keep looking back like I could’ve done more.Is this normal? How do you all avoid this feeling? | 2023-07-24 |
800 | 5 | Thoughts on Broadcom (AVGO) stock | null | 13 comments | 2023-06-24 | Broadcom is a semiconductor stock that's up 70% this past year probably because of the AI boom and up 2800% since inception. They call It a close second to NVIDIA. The stock has never split in its history and currently trades at $852 per share with 2% dividend . It was $477 on July 1st 2022. I definitely wish I got into it last year lol . How does a company determine when it's due for a split ? It seems still too high to buy in | 2023-07-24 |
801 | 10 | Stocks making the biggest premarket moves: Alibaba, Dice Therapeutics, Avis and more | null | 2 comments | 2023-06-24 | Alibaba ($BABA) U.S.–listed shares fell 2.3% after the China e-commerce giant announced CEO Daniel Zhang was stepping down and will be replaced by Eddie Wu, one of Alibaba’s co-founders. The move follows the company’s announcement in March it was restructuring its business into six business groups.Atmus Filtration Technologies Shares ($ATMU) of the air filtration company rose more than 2% after a slew of analysts initiated coverage with bullish ratings, including JPMorgan Chase. The bank said Atmus trades at a “deep discounted valuation vs. peers, despite >80% of aftermarket mix, while its planned expansion into industrial filtration should bridge the valuation gap vs. direct filtration peers over time.”Dice Therapeutics The biopharmaceutical stock soared 37.7% after Eli Lilly said it was acquiring the company for $48 per share, or about $2.4 billion, in cash.Avis Budget Shares ($CAR) added 3.5% in light volume following an upgrade by Morgan Stanley to overweight from equal weight. Analyst Adam Jonas also upped his price target to $230 from $182, suggesting 12.6% upside. Jonas cited Avis’ proven track record of fleet risk management and lower operating expenses relative to sales.Philip Morris International Shares ($PM) of the tobacco company rose 1.5% in premarket trading after Citi upgraded Philip Morris to buy from neutral. Investors are undervaluing the growth of smoke-free products, according to Citi.Warner Bros. Discovery The media and entertainment conglomerate’s stock slid 1% after its movie “The Flash” took in an estimated $55 million during its first three-day weekend, less than the $75 million to $85 million the industry had expected.Carnival Shares ($CCL) moved 1.5% higher in the premarket, building on gains made last week when it was the S&P 500′s best performer. Cruise stocks are soaring this year as the companies recover from the Covid-19 pandemic, being the last in the travel industry to do so.https://www.cnbc.com/2023/06/20/stocks-making-the-biggest-premarket-move-.html | 2023-07-24 |
802 | 0 | Can I exercise ISOs and then gift the shares to immediate family? | null | 7 comments | 2023-06-24 | I'm aware that Incentive Stock Options cannot be gifted (the options themselves), but after I exercise my options can I gift the shares that I've purchased? Or can I only gift shares if they were exercised as NSOs?The stock option plan I'm on allows for gifting to family without offering the company right of first refusal. But I have read and been told by my accountant that you cannot gift ISOs, only NSOs, but it's not clear whether they were referring to the Options, or the resulting Shares after exercising the options. | 2023-07-24 |
803 | 1 | 2M+ investors from 200+ countries/territories trade on 150+ global exchanges in 26 currencies. Your capital is at risk. | https://alb.reddit.com/cr?za=r9FG_Es1y-rsnRp8NJ9ay7gs1b8e7R9jgyu3HGWhNGlXPDpeaUAA_8AxS1qWRoy1IIK1GVcPaQ1dOcUSnJ0Rw8ryNDLWkknTLJjGN2A2zIxC8Tj_P4TDRfJUfoz2U_d4ej1FNT7LfC4IKoEXR5Ia-fHksHD99yvXjrpL9mGN-HZkrmTd3iekx9gLf_4WjgdRePXfGyw4Ujx5cucvalMS246YVMcz_tG2w9pYlNfh7lIVvVsXCWQcoLEOdCexjKI3oRykLviKq193WvCCxWIs7AtnyluIYhDgS73CrA-Eb7XbLqsBlEptAYWppg7MYMmEd-4eJVGTbNR3G0Rf62-nmilv2F35U7hsrr-41LcOJCwup0LAuJ1A95pxKcsAw2r12tcPQHB4&zp=k9VoRm2BZu_KGQgjKnNmJc9UhdKT5irFFCF04xrrT7eVCWZMu4hUBRhcwFVIefajfoLQE4dKvZoYgKuyt_VwCIq4Pe3ePGQTxPY-CJtVVVyl3voniByybi6OiRgC4_AMrLkFtR5RsZzkr7qUqsjF2BE9dHpX2OHxcQPGLoITTtpplAf_zftNTf1wke02bLH2j6XvPX5iRdJsg-s1vOUOK9U7_M6FRWmfhF9iwdigWiiWbMft9YBV | 0 comments | null | null | 2023-07-24 |
804 | 2 | What index best exemplifies US growth stocks and which best exemplifies value stocks? | null | 5 comments | 2023-06-24 | If one were to use an example of a growth stock ETF, what would be the best example? And what would be the best example of value stocks? | 2023-07-24 |
805 | 241 | Will Apple be a $4 trillion dollar stock by 2024? | null | 189 comments | 2023-06-24 | Apple’s market cap rose from $1 trillion in 2018 to $3 trillion in 2022.Reaching the $4 trillion market cap by 2024 could be very challenging.New products, services, and acquisitions could help it reach that milestone.The law of large numbers hasn't caught up to Apple yet.Apple ($AAPL) became the first publicly traded U.S. company to hit a $1 trillion market cap in August 2018. It also became the first to cross the $2 trillion mark in August 2020, and the first to reach the $3 trillion milestone in January 2022.Apple's market cap is still hovering near the $3 trillion mark as of this writing, but could it maintain its biennial tradition and hit a $4 trillion market cap by 2024? Let's review its past growth, projected growth rates, and valuations to decide.How did Apple become a $3 trillion company?Between fiscal 2017 and fiscal 2022 (which ended last September), Apple's annual revenue rose at a compound annual growth rate (CAGR) of 11.5%. Meanwhile, its split-adjusted earnings per share (EPS) grew at an even higher CAGR of 21.6%.In other words, Apple's annual EPS nearly tripled from fiscal 2017 to fiscal 2022 -- so it makes sense that its stock price nearly quadrupled over the past five years. However, Apple's valuations have also risen at a faster rate than its actual profits. On the last day of fiscal 2017, Apple's stock traded at $154.12 ($38.53 on a split-adjusted basis), which was only 13 times the diluted EPS of $11.91 it would generate in fiscal 2018. Today, Apple trades at 28 times forward earnings.Apple's path from $1 trillion to $3 trillion was paved by both its own EPS growth and its rising valuations. Its earnings growth was driven by its robust sales of iPhones (which still account for over half its revenue), iPads, Macs, and the expansion of its services segment with more subscription-based services. Its valuations rose as more investors turned to Apple as a safe-haven bet while the pandemic, the Russo-Ukrainian war, inflation, and rising interest rates rattled the broader markets.Apple's EPS also usually grows at a faster clip than its net income because it buys back billions of dollars in shares every year. It repurchased 19% of its shares over the past five years, as well as a whopping 38% of its shares over the past decade.How could Apple become a $4 trillion company?For Apple to reach a $4 trillion market cap by the end of 2024, its stock would need to rise nearly 40% over the next 18 months. That could be quite difficult, for two simple reasons.First, analysts expect Apple's EPS to dip 2% in fiscal 2023, rise 9% in fiscal 2024, and grow 10% to $7.17 per share in fiscal 2025. Assuming Apple still trades at 28 times forward earnings by the beginning of fiscal 2025, its stock would only be trading 9% higher at about $200 -- which would give it a market cap of just under $3.2 trillion.Second, Apple's valuations are historically high -- so I could see its forward multiple drop back to 20 during a market downturn. If that happens, Apple's stock could decline to the mid-$140s, and its market cap would shrink to about $2.2 trillion.Pay attention to the wild cardsBased on analysts' estimates, should take with a grain of salt, it seems unlikely that Apple will reach a $4 trillion valuation by the end of 2024. However, those forecasts don't account for all the wild cards that Apple can still play.Apple's upcoming rollout of the Vision Pro headset in early 2024 will mark its first major hardware launch since its introduction of the Apple Watch in 2015. Its high price tag of $3,500 might limit its initial appeal, but a stronger-than-expected launch could drive analysts to boost their revenue and earnings estimates.Apple also ended its latest quarter with 975 million paid subscriptions across all of its services, which represented 18% growth from a year ago. That massive audience gives it plenty of room to launch new apps and services.Lastly, Apple is still sitting on $166 billion in cash and marketable securities. It could deploy a lot of that cash on fresh investments and acquisitions (perhaps on media companies for its services ecosystem or some chipmakers for its first-party chips).Look beyond Apple's market capI believe Apple will eventually be worth $4 trillion one day, but I don't expect it to reach that milestone by the end of 2024. Instead, investors should simply recall that Apple generates stable growth, commands fierce customer loyalty, locks in its customers with sticky services, and rewards its patient investors with buybacks and dividends. All of those strengths make Apple a great long-term investment -- regardless of how much the entire company is actually worth. | 2023-07-24 |
806 | 3 | Should I dump my vested shares? | null | 5 comments | 2023-06-24 | As an ex-employee, I have several thousand vested SNAP shares that are not currently doing much for my portfolio (they’re actually dragging it down).My average share price is $25.95.Over the last few quarters, the company’s prospects do not seem very favorable and so I’ve begun thinking about selling them and reinvesting into an ETF.What are your thoughts on this? The shares are basically free, so I’m not at a material lost, and despite the growth aspect of the company (whereby shares could pop/drop any time), I am thinking that maybe reinvestment into a more stable security like an ETF would be better long-term. | 2023-07-24 |
807 | 1 | Alibaba split current stock | null | 10 comments | 2023-06-24 | I cannot imagine that no one has asked this already... but I can't find it, so here it goes: Suppose I have a number of shares of Alibaba, and the company splits into 6 separate parts. What happens to my current share? If that is not known yet, what is likely to happen?Another question. Suppose I just hold onto my share, and the other IPOs become available alongside the regular share. What do I gain from that split?It even seems disadvantageous to me. Why would anyone buy the regular share anymore? It feels like I would be the one losing out with the regular share.Let's compare it to Volkswagen. Suppose you buy Volkswagen shares because you know that Porsche is part of Volkswagen and therefore a cheap share in your opinion. Then Volkswagen decides to list Porsche separately in the market. In that case, you would no longer have any advantage from owning the Volkswagen shares, and you would be more or less forced to sell VW (possibly at a loss) to then buy the less attractively priced Porsche share.Thanks for your input! | 2023-07-24 |
808 | 4 | 4 Tech stocks benefiting from the AI boom.
Industry Discussion | null | 37 | 2023-06-24 | The world of artificial intelligence (AI) these days is overwhelmingly dominated by discussions on generative AI and its implications. Simply put, generative AI is a form of machine learning through which AI software can produce text, video, images, and more. Basically, generative AI can produce any form of content on the basis of prompts. This form of AI became more widespread and renowned after the launch of ChatGPT and similar generative AI platforms, which revolutionized the AI sector while pulling in major tech companies to become part of the AI race.
This form of AI and its impact on the markets was discussed by Jim Stewart, a New York Times columnist, on CNBC's 'Squawk on the Street' on June 16. According to Stewart, big tech companies, especially those that are AI beneficiaries, have been leading the recent stock market rally. These include companies such as Microsoft Corporation ($MSFT), Alphabet Inc. ($GOOG), and NVIDIA Corporation ($NVDA). Stewart claimed that he was bullish on AI, especially considering the fact that this technology could boost productivity gains across different fields, including journalism.
AI and the US Stock Market
In May, NVIDIA Corporation ($NVDA) joined the group of companies with valuations in trillions of dollars. Many financial professionals today are attributing the gains of the S&P 500 to AI, primarily, with the focus being on NVIDIA Corporation ($NVDA) and other big tech companies that have begun incorporating AI and generative AI in their products and services.
This overwhelming focus on a select few number of companies that can successfully play the AI boom and come out victorious has led to many investors worrying that the stock market in 2023 will turn into a selection of a few winners and a lot more losers. The S&P 500 has "basically been the S&P 7," a reference to the fact that only seven major tech companies have been calling the shots so far in 2023, leading the market to heavily rely on them and their gains.
"You Are At The Starting Line Of AI"
This reality has led many professionals and corporations to realize that the AI boom is very real and may be here to stay. Companies today will be bound to figure out where they stand in this environment and how they can integrate AI into their business models to reap the benefits of this technological revolution. NVIDIA Corporation's ($NVDA) CEO, Jensen Huang, in an address at the National Taiwan University in May, stated that we are currently at "the starting line of AI" and that at this moment, we should run instead of walking. The implications of his statement are many, but perhaps the most obvious lesson to take away from Huang's speech is that companies and individuals today shouldn't be slow to join the AI race - they should try their best to become part of it and ensure they don't end up getting left behind by their competitors.
Keeping the above-mentioned market dynamics and developments in mind, I have compiled a list of the top tech stocks to consider investing in to play the AI boom. I included the obvious stock picks because of their contributions to this industry so far, but I also attempted to find other companies that wouldn't be the first to come to your mind when looking at AI beneficiaries today.
Our Methodology
To select our stocks, I looked at which companies analysts are expecting to benefit from the AI boom and shortlisted them based on the number of hedge funds holding stakes in them by using Insider Monkey's hedge fund data for the first quarter of 2023. The stocks are ranked based on this metric, from the lowest to the highest number of hedge funds long each of them.
Tech Stocks Benefiting From The AI Boom
1. Oracle Corporation ($ORCL)
On June 13, Keith Bachman at BMO Capital raised his price target on Oracle Corporation ($ORCL) from $96 to $132. The analyst also holds a Market Perform rating on the stock.
Oracle Corporation ($ORCL) is an information technology company based in Austin, Texas. The company's products and services address enterprise information technology environments across the world.
I saw 67 hedge funds long Oracle Corporation ($ORCL) in the first quarter, with a total stake value of $2.9 billion.
TD Cowen's John Blackledge expects Oracle Corporation ($ORCL) to benefit from the current AI boom because its cloud-computing platform can offer it some competitive advantages.
First Eagle Investment Management held 20.7 million shares in Oracle Corporation ($ORCL) at the end of the first quarter, making it the largest shareholder in the company.
2. CrowdStrike Holdings, Inc. ($CRWD)
CrowdStrike Holdings, Inc. ($CRWD) is an information technology company offering cybersecurity products and services. It is based in Austin, Texas.
There were 72 hedge funds holding stakes in CrowdStrike Holdings, Inc. ($CRWD) at the end of the first quarter. Their total stake value in the company was $2.4 billion.
CrowdStrike Holdings, Inc. ($CRWD) may be an interesting stock pick to play the AI boom considering the company has recently announced new AI-powered indicators of attack (IoA) models. These models can combat advanced adversary tradecraft by using machine intelligence to stop breaches.
Tal Liani at Bank of America holds a Buy rating on CrowdStrike Holdings, Inc. ($CRWD) shares as of June 16. The analyst also raised the firm's price target on the stock from $162 to $190.
3. Advanced Micro Devices, Inc. ($AMD)
Advanced Micro Devices, Inc. ($AMD) was spotted in the portfolios of 91 hedge funds in the first quarter, with a total stake value of $4.9 billion.
Based in Santa Clara, California, Advanced Micro Devices, Inc. ($AMD) is a semiconductor company that operates globally.
Joseph Moore, an analyst at Morgan Stanley, raised his price target on Advanced Micro Devices, Inc. ($AMD) shares on June 16 from $97 to $138. The analyst also holds an Overweight rating on the shares.
Advanced Micro Devices, Inc. ($AMD) is a chipmaker that TD Cowen's John Blackledge has picked as one of his tech stocks to play the AI boom. This is unsurprising considering the fact that this June, the company revealed its new AI chip in its race with NVIDIA Corporation ($NVDA). The new MI300X chip was described by Advanced Micro Devices, Inc. ($AMD) as "the world's most advances accelerator for generative AI."
Citadel Investment Group held 13.9 million shares in Advanced Micro Devices, Inc. ($AMD) at the end of the first quarter, making the fund the most prominent shareholder in the company for that quarter.
4. Adobe Inc. ($ADBE)
Adobe Inc. ($ADBE) is a diversified software and information technology company based in San Jose, California. The company's flagship product is its Creative Cloud, a subscription service offering members access to its creative products.
John Blackledge at TD Cowen sees Adobe Inc. ($ADBE) as a smart AI play because the company has begun rolling out new generative-AI content creation tools.
An Outperform rating was reiterated on Adobe Inc. ($ADBE) shares on June 16 by Kirk Materne at Evercore ISI. The analyst also raised his price target on the stock from $475 to $590.
A total of 99 hedge funds were long Adobe Inc. ($ADBE) in the first quarter, with a total stake value of $7.3 billion.
4. Apple Inc. ($AAPL)
Apple Inc. ($AAPL) may not be the first big tech company that comes to your mind when looking for AI plays, but with the company's new Vision Pro headset, some believe it may be getting involved in the machine learning space more than before.
Analysts at Bernstein hold a Market Perform rating and a $175 price target on Apple Inc. ($AAPL) shares as of June 14.
Our hedge fund data for the first quarter shows 131 hedge funds long Apple Inc. ($AAPL). Their total stake value was $165 billion.
Holding 915.6 million shares in the company, Berkshire Hathaway was the largest stakeholder in Apple Inc. ($AAPL) at the end of the first quarter. | 2023-07-24 |
809 | 8 | Biden's Comments on China's Economy May Signal Bullish Outlook for Investors | null | 21 | 2023-06-24 | President Biden's comments on China's economy indicate that he sees potential for a post-pandemic recovery in the country, as evidenced by the World Bank's improved growth forecast. As a bullish investor, this signals potential opportunities for investments in China, especially as the United States and China continue to engage in diplomatic dialogue. | 2023-07-24 |
810 | 5 | Under Radar tech companies that will dominate AI
Advice | null | 15 | 2023-06-24 | Every tech company is talking about AI nowadays. Which companies apart from MSFT, TSLA, NVDA, GOOG and ADBE are still under the radar and will dominate AI in next few years? Personally I think META and PLTR are some really strong contenders in this space. | 2023-07-24 |
811 | 155 | Ready to ditch the fax machine and embrace the future of faxing? With eFax, you can send and receive faxes right from your computer, or smartphone. | https://alb.reddit.com/cr?za=FiZveN5bLpnbI-3EsgS62iFo0qnIBez_UnoAe7i0Z6cmh1thIwKz3GYYEb_YrF_4Owh7EIuozqAvpEIZjMsron88awi8WmQdn51TNLGMxymmvISmaKPZjN_eTM-WayhyQEwwLdQutZoOZLs7y68k_-VBr6gF5EmzbRpeSekmUTeJaasr6TKYqnC4rSfJe5uACJ0mmv79vP3f0IhJqPs2R7iWsbwIKHe2-m3wxFeVNsgpiadDIqpJ2JY5fgsWyNk0llr9Xp0aw2W64q6fJszsjrb2Kdt1WlQGY2XJIotOu6bPrGda-fntQYnI_WilO1wnajaIUm0lHq0aFadwNXI97d-u1MYu1lgb7dMuFl36gOkCQEoVwNfl3fNxJtPr6WWbRxVFQgf4&zp=lPWlR4Qz0m6y74tjVdXSWEsmM20rRMKVGWl0noq1MGg0xMeT-WksG3A4FLH4pCj5GH6kJ_Slj1_p4BVrVpT9fNmFn1T-An80LgHpB-jOXNjrVCuQQ8SYPJzZJh_Q1IfLXrxyTqYXNodhuYOCSumDy-7T2VgaYooEJCPhVpjVGLJBF_jWsVOSpuFbraJ2kwDQcb1sEuAQP11PIhPne_mCoPPI-EQEQ7xGekB9s7jfLAhaW5PhwhVBnyc | 0 | null | null | 2023-07-24 |
812 | 4 | "Central Bank of Ireland Warns Against Budget Spending Spree: Risk of Overheating Economy" | null | 1 Comment | 2023-06-24 | The article titled "Central Bank warns Government budget spending spree will stoke inflation" presents both positives and negatives. On the positive side, it highlights the resilience of the Irish economy in the face of the pandemic and war in Ukraine. It also notes that the economy is now operating at capacity, with unemployment at a multi-decade low.
On the negative side, the Central Bank warns that any tax cuts or spending increases outside of the Government's 5 per cent spending rule could add significantly to inflation and run the risk of overheating the economy. It estimates that a 6.5 per cent increase in spending in the budget would add 0.3 per cent to inflation in 2024 and between 0.3-0.4 per cent to inflation in both 2025 and 2026. It also warns that even if spending increases by an assumed 5 per cent, “there would still be a risk of overheating pressures emerging given current conditions in the labour market”.
Overall, the article presents a balanced picture of the potential risks and rewards of increased government spending. While it highlights the potential for increased economic growth and employment, it also warns of the potential for inflation and overheating. It is important for the government to weigh the benefits of increased spending against the potential risks before making any decisions.
(https://www.irishtimes.com/business/economy/2023/06/21/central-bank-warns-government-budget-spending-spree-will-stoke-inflation/)
What measures should the government take to ensure that budget spending does not lead to overheating of the economy? | 2023-07-24 |
813 | 0 | Tell me why I shouldn’t buy affirm right now
Advice Request | null | 19 | 2023-06-24 | Looking at student loans starting back this fall which means less extra cash in people’s pockets. Affirm is a pay over time system that is partnered with Amazon. I feel like people will be using this pay over time feature more since their discretionary spending will be lowered. What am I missing? | 2023-07-24 |
814 | 176 | The world's wealthiest people have seen their fortunes grow by more than $150 billion thanks to the AI-fueled stock-market boom
Industry Discussion | null | 47 | 2023-06-24 | AI-related stocks have seen a spectacular surge in 2023, following ChatGPT's smashing debut.
Some of the world's wealthiest people have made a killing from the rally.
Meta founder Mark Zuckerberg and Oracle boss Larry Ellison have seen their personal fortunes swell by over $40 billion each.
Artificial intelligence has been one of the defining themes for stocks in 2023 – and it's also helping the rich get richer.
The surge in interest in the intelligent language tool ChatGPT quickly spread across markets, with big-name investors rushing to snap up shares in companies they believe could power AI's rise to prominence.
Big Tech giants like Meta Platforms and Nvidia have already racked up triple-digit gains thanks to the AI boom, while Microsoft, Google parent Alphabet, and Oracle have also all surged.
That's helped the companies' founders – already among the world's richest people at the start of 2023 – to become even wealthier.
Meta shares have rallied 134% year-to-date thanks to both the rise of AI and Zuckerberg's so-called "year of efficiency" cost cuts, and that's lifted the Facebook founder's wealth by over $57 billion, per the Bloomberg Billionaires Index.
Meanwhile, Oracle founder Larry Ellison passed Bill Gates on the publication's rich list for the first time ever earlier this week, with his fortune up $47 billion in 2023 thanks to the tech stock's 55% gain.
Gates himself has gotten $24 billion richer this year thanks to his Microsoft shares, with the Redmond-based tech giant emerging as a preferred AI play for billionaire investors including Stanley Druckenmiller.
And the man at the helm of one of the stock market's biggest success story of 2023 – Nvidia founder Jensen Huang – has also seen his personal fortune balloon by $24 billion, according to Bloomberg's index.
Again, that's largely thanks to Huang's shares in the chipmaker, which have jumped 192% in value to lift the company to a $1 trillion market capitalization.
The members of the rich list have seen their combined wealth jump by over $150 billion in 2023, by Insider's calculations. | 2023-07-24 |
815 | 37 | Looking for scammers in "stocks": Yesterday I commented on "Intel" and today I received a private message from a scammer. | null | 17 comments | 2023-06-24 | Find the scammers in "Stocks": Yesterday I commented on "Intel stock" in the "Stocks" section and today I received a private message from a scammer.How many of you have received such scam messages?I commented yesterday on the post "Berlin, Intel strike deal on $33 billion chip plant after months of subsidy talks". Then this morning I received a message from a scammer.Their message reads:"GM, I'm a signal provider (not a bot, lol) I'll prepare an option signal today with an expected return over 35%, and I can send it to u as a gift. If you need, plz reply and get in touch".The scammer's Rediit account name is "cq667407490".Who else has received such a message?I really hope everyone is careful, there are many scammers nowadays and they try to lure which newbies.If they really have such analytical skills, it's easy to find money to support them. So, there is only one possibility, and that is scammers.What do people think?I haven't made any comments on Reddit for several days, but yesterday I only read one comment about Intel stock and today I got a message from a scammer. So I guess the scammers saw my message in the "Stocks" section. | 2023-07-24 |
816 | 46 | The Underdogs are back in action. This time in search of a missing Mac. See how the team and IT, together with Apple’s suite of security features, step in to save the day. | https://alb.reddit.com/cr?za=rb-f-m2QgQpDWthwIwJAYnVZKrqQtjM0SJVZKPoYfs71KDllpfveMyN-ywAbRGm978mPYYA7DHd27UVRYTqntWa7qNedE4nEDmSP5aRJ5Oewl-eBm4irdhH8dge0Ap5mUZASuvC37GXo-8EwM1HH-Y4LGZ2aICKQhEtDNxV66HYL-MT9-2Uj_RyhbNvb4D01idA5JZc69JX8Cgk2scy4hN8Sl0gQTFT1vykg5WinwNPL7h8wLi1sKiYDfLlbAw2_ptwJjSybMnOLcDi8qW16SEL0TQU3b3muH7aehjxBSpogjHguXI3J4tHpb4OrKSWKVVTkPZXEO5_9jfkjwVO9cqYqzDPjWpmtkF_52PyOloGDNkvjQ6ZzapfSL9iBL-j4HsiDqHkYLw&zp=rh9mKhPyUL-RSAKLHWpSjSgSplksCChJ-X8eu4WUODJy3b13x_PiDRwLZXgMX9QRizA1AVlymzsaZz9AutdyBnzy001eCAoReQRbW3uYVrSkRVKmKarkcu7fNwaqDYy6bhbP4q_0wob-jda2PRsUzDqd_3XMYgIK4E2l5PgDd1JO4XmMJ_kqoLWjU58wYljCP5AX3p0Kn0-X7QLpIm2GMC4MjsgVLifvNanlfb2x_Su2dnGhPOR2xvOxKNF1W_RzqiHI3dga4FuHGsKE39YTb5sNqslPHvUs_KsfBOerUUF6MTzG6FZ_4eE0SOl3Z_6bdvmXSU1tDFWot8OvS6Ffz8Ruuw3wCINtZqRP | 0 comments | null | null | 2023-07-24 |
817 | 0 | What is the best EV charging stock has the brightest future other than Tesla? | null | 9 comments | 2023-06-24 | I am intrigued by both Tesla and chargepoint, based off market share. It looks like they have a solid balance sheet as well. I was watching something that was talking about how chargepoint customers were having issues, can anyone provide some insight on that at all?Thanks. | 2023-07-24 |
818 | 11 | What is considered a good return for a year? | null | 53 comments | 2023-06-24 | I see a lot posts about people making thousands in a day, but we never know about the big losses.I'm trying to see what's an acceptable return for a period of 5 years (annually). Do you consider yourself successful if you beat S&P or it should be above a certain percentage? | 2023-07-24 |
819 | 8 | How to capture early position in IPO | null | 16 comments | 2023-06-24 | I'm looking at some companies preparing their IPOs (initial public offering). Anybody else doing this? What are some strategies in getting in position as early as possible?For example, the Registration Statement to the SEC always says something like, "approximate date of commencement of proposed sale of common stocks to public is as soon as practicable after effective date of this registration..." so it seems to depend on some kind of administrative paperwork.So how do you keep track of when exactly they launch? | 2023-07-24 |
820 | 22 | Large institutions are still expressing concerns about the breadth of the stock market moves and the sustainability of this rally. | null | 28 comments | 2023-06-24 | There are calls that the bottom might be in but that there will be volatility second half of the year.Earning expectations are going up again but those might be on the back of unrealistically positive growth expectations and complexity counting out any recession possibility.Optimism or delusion? Is this time different? | 2023-07-24 |
821 | 0 | 3 ASX All Ords Shares Just Upgraded by Top Brokers - Invest Now and Reap the Rewards? | null | 1 comment | 2023-06-24 | Pointsbet Holdings Ltd (ASX: PBH)Positive: Pointsbet Holdings Ltd is a corporate bookmaker which provides a wide range of betting services for customers. The company has a strong presence in the online betting market and is well-positioned to benefit from the increasing popularity of online gambling.Negative: Pointsbet Holdings Ltd has been involved in a number of legal disputes in the past, which could lead to increased costs and potential reputational damage. Additionally, the company is exposed to the risk of regulatory changes, which could negatively affect its operations.Regis Healthcare Ltd (ASX: REG)Positive: Regis Healthcare Ltd is a leading aged care provider in Australia, providing quality services to elderly residents. The company has a strong presence in the market and is well-positioned to benefit from the increasing demand for aged care services.Negative: Regis Healthcare Ltd faces significant competition from other providers in the market and is exposed to the risk of regulatory changes, which could affect its operations. Additionally, the company is dependent on government funding, which could be reduced in the future.Chalice Mining Ltd (ASX: CHN)Positive: Chalice Mining Ltd is a precious metals miner with operations in Australia and New Zealand. The company has a strong presence in the market and is well-positioned to benefit from the increasing demand for gold and other precious metals.(https://www.fool.com.au/2023/06/21/3-asx-all-ords-shares-just-upgraded-by-top-brokers/)What are the risks associated with investing in the three ASX All Ords shares that have just been upgraded by top brokers? | 2023-07-24 |
822 | 32 | r/Stocks Daily Discussion & Technicals Tuesday - Jun 20, 2023 | null | 296 comments | 2023-06-24 | 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 |
823 | 5 | Is Novo Nordisk (NVO) going to develope anti-obesity semaglutide or put it on the shelf? | null | 17 comments | 2023-06-24 | It seems some companies invent something and then put it on the shelf because they don't want other products or services to lose sales. NVO maybe developing a version of semaglutide to treat obesity that seems to work and prevent other very serious diseases that are very expensive to treat. Semaglutide has become very popular and sales of NVO's semaglutide in the USA are increasing and NVO can't keep up with production.It was announced weeks ago that NVO is cutting it's advertising of their Wegovy version of semaglutide because their production can't keep up with demand. Yet, NVO is not saying much about expanding production. It looks to me like NVO isn't making an effort to develop their version of semaglutide.I really wonder if NVO has put the product on the shelf because a lot of money is made off of obesity and many diseases related to obesity such as diabetes and heart diseases. I believe NVO could be like the next Microsoft or Apple is they'd make a serious effort to increase the production of semaglutide. Most people in the USA will be overweight or obese if a product such as semaglutide isn't developed and made available in the USA.If VNO is putting semaglutide on the self, it seems we ought to have the right to take matters into our own hands. Companies in the USA should be given approval to develop versions of semaglutide because preventing obesity would save lives.Apparently NVO is trying to sue, but they are not saying much about an effort to increase the production of semaglutide. So I hope it will be ruled that we can do something about obesity that works: Develop our own versions of semaglutide.Disclusure: I don't know whether or not to buy NVO ADR. | 2023-07-24 |
824 | 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=o5b2NZVRihGrNF0ru8IZaI5knaxLBL7ybwIqWmhkM7Ycl7mKZfvwTzQdu9rH7BJKiWnNUnyHPI0tBIXSZWi91lwfLYaZneRDwGIx-B98wMl0ujuzJ7lAoN1F_iD-NLt5z9ilcsrTr78o_bo881N9UpJ3XJFwQgFcyI2dl04Cu9qMCgcBGmw9Yyo4sRxHHriVwxisnxxnjkJ02NGAHyX1wFDQw01-SMtwB50V6ou3H3rpFz9vXqexCQa5pN12Kwgz6aq898AAI4dmImiEkz5nZRviRuWBcUkmUNfvHO9SL0l8wtCjUHjpMrjHA6vGOgpvjHPM0VNL4_BlvrqhWP1BO6c-ODkbXSBO-W6Fzfr9tThFohUV6bByCdzaAKgiwQ&zp=OnG1s9lgp9GPk-27Mxr9XHcSKSHbCSIFjoqy8qiZuPWcrTxtzdtvRDh4NsrFWqq-WutFu-SPQo1xQ0_wVcPC2NaSVSZ6NmssG5uoAk-4ZifDcrJyZrSzYjV_Grn2RefDvjkJbxF0_YyHcbgpoI6MbMr9EMo9uEs_nxHYbGPw22kxh5j_gtCt1PbP_Ds | 0 comments | null | null | 2023-07-24 |
825 | 0 | Growth Investing vs Dividend investing | null | 5 comments | 2023-06-24 | This article is from a few months ago comparing betweenArk Invest total return in recent years vs Berkshire Hathaway -https://thehustle.co/12132022-cathie-wood/Many things have changed since the beginning 2023 but if you look at that chart you can see that while the growth stocks had a very impressive return for sometime eventually they crashed and all the gains were lost.While the more dividend and value oriented stocks of Berkshire Hathaway didn't reach the highs of Ark invest they also didn't reach the same lows.My question is - which type of investment do you think will outperform in the long run and give better results?Investing in Growth Stocks or Dividend Stocks?i know you can invest in both but if you had the choose one of the two which one do you think is the better option in the long run. | 2023-07-24 |
826 | 970 | Berlin, Intel strike deal on $33 billion chip plant after months of subsidy talks | null | 191 comments | 2023-06-24 | BERLIN/STOCKHOLM, June 19 (Reuters) - Intel (INTC.O) will invest more than 30 billion euros ($33 billion) in Germany as part of its expansion push in Europe, the U.S. company said on Monday, a project key to German Chancellor Olaf Scholz's ambitions to create a global chip hub.The deal, which involves two leading-edge semiconductor facilities, involves 10 billion euros in German subsidies, a person familiar with the matter said.Intel CEO Pat Gelsinger said he was grateful to the German government and the local state of Saxony-Anhalt, where the company plans to built one plant, for "fulfilling the vision of a vibrant, sustainable, leading-edge semiconductor industry in Germany and the EU".Under Gelsinger, Intel (INTC.O) has been investing billions in building factories across three continents to restore its dominance in chipmaking and better compete with rivals AMD (AMD.O), Nvidia (NVDA.O) and Samsung (005930.KS).The deal in Germany would be Intel's third big investment in four days, following a $4.6 billion chip plant in Poland and a $25 billion factory in Israel.Both the United States and Europe are trying to lure big industrial players via a mix of state subsidies and favourable legislation, with Berlin concerned about losing appeal as a place to invest.The German government is investing billions of euros in subsidies to lure tech companies to Germany amidst growing alarm over supply chain fragility and dependence on South Korea and Taiwan for chips.Berlin is currently also talking with Taiwan's TSMC (2330.TW) and Sweden's electric vehicle battery maker Northvolt about setting up production in Germany, having already convinced Tesla (TSLA.O) to build its first European gigafactory there.Frankfurt-listed Intel shares were 0.3% lower at 1316 GMT.The chipmaker last year announced plans to build a big chip complex in Germany, along with facilities in Ireland and France, as it seeks to benefit from the European Commission's eased funding rules and subsidies as the EU tries to cut its dependence on U.S. and Asian supply.It has not yet specified the exact size of the investment.Gelsinger told Reuters on Friday that the gap between what Germany had offered and what Intel needed was too big but he expected to reach an agreement, adding that his request was to be cost competitive."We lost this industry to Asia, we have to be competitive if we're going to bring it back," he said, adding the overall investment for the site would be "tens of billions of dollars".Source: https://www.reuters.com/technology/berlin-sign-agreement-with-intel-after-chip-plant-talks-2023-06-19/ | 2023-07-24 |
827 | 29 | Moved from trading to investing. Question about losing positions. | null | 26 comments | 2023-06-24 | Years ago I spent half a decade attempting to be a swing trader. Over time I realized that buy and hold was superior. I decided to take a long term approach. Not checking the tickers daily. This Buffet quote resonated with me: "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes." So I began to accumulate stocks that I thought had potential to be big winners in a decade. However, a lot of these were Cathie Wood type stocks (i.e. SQ, COIN, DKNG, CRSP). I was also influenced a bit by hype and bought some stocks at elevated levels (ASTS, RIOT, SOFI). I liked the thetagang strategy of selling puts at a price where I thought I'd be happy to buy the stock at a discount - but this is part of what put me into some positions at elevated levels ($Z, DKNG, CRSP, $F).Reviewing my ameritrade portfolio last week, of 25 positions there are 5 in the green and 20 in the red (mostly deep red). I have a separate port for my Roth IRA. Similar green/red splits. Part of the reason for the split is I will sell a position if it runs up fast (like 100% or more) in a short period. But I hold my losers. Another reason is I typically don't buy the megacaps because I figure I already got that covered in my 401k, but those megas are the ones that rallied the most in '23 so far.I could go on and on with this life story, but I'll get to my main question which is: Is this normal experience for a lot of investors? | 2023-07-24 |
828 | 109 | South Park stock predictor is right again with its Japanese toilet episode. Berkshire buys more Japanese stocks | null | 24 comments | 2023-06-24 | https://www.cnbc.com/2023/06/19/warren-buffetts-berkshire-hathaway-ups-stakes-in-five-japanese-trading-firms.htmlIt was from the early days of WSB and even before where people noticed that of a product or trend appeared in South Park then it’s stock would riseThis season there was a Japanese toilet episode showing an amazing toilet. I was already looking into robotics companies in Japan and now I see news that Berkshire has bought several Japanese trading firms.Funny and random coincidence but after reading of all the changes Japan implemented to stimulate its economy it makes sense we will start to see more Japanese stocks and products/services in the news.Have you seen the incoming changes and think Japan is the next market area where stocks will gain the most even after so many years of meh performance? | 2023-07-24 |
829 | 105 | Anyone else holding on to a stock for sentimental reasons? | null | 173 comments | 2023-06-24 | Yes, you shouldn't hold a stock for emotional/sentimental reasons blah blah blah... having said that, how many of you are doing it anyway?Maybe it was the first one you ever bought? Maybe it was a gift to you from a friend or family member? Maybe you inherited it from a loved one who passed away? Maybe it's a reminder of a bad decision? What's your reason?Whether it's a stock, etf, mutual fund, closed-end fund, is anyone else holding on to one for sentimental reasons? | 2023-07-24 |
830 | 36 | I'm up on Meta (Facebook), but I don't care for the company at all | null | 70 comments | 2023-06-24 | I originally bought in on the VR and metaverse gamble, and that didnt pay off, but I'm up. What is the current reason people would buy Meta stock right now?I desperately want to sell but for some reason I want to keep it. I own Apple and Google stock among others and I just cant help to feel that Meta is a failing brand other than Facebook and Instagram, what the hell are they doing? What is their big selling point?Apple will anhiliate them with their AR headset which is miles ahead of their time compared to Meta'sIf you own Meta stock, why? And why do you want to hold? | 2023-07-24 |
831 | 13 | Big player stocks or ETFs | null | 16 comments | 2023-06-24 | So I don't know much about investing. I'm 31, Canadian, and have about 30k invested in my TFSA. Currently it's about 20% XEQT, 20% TEC and the rest is split between some banks, Air Canada, coca cola, Enbridge, Telus, and destroyed weed stocks (lol)I just moved 10k into my TFSA and am looking to park it for long term like the rest of the money in there.I'm wondering if it's a better idea, if this is for long term, to just park 5k in each Microsoft and Amazon OR just drop the 10k into XEQT and TEC.Which I understand TECs top stocks are Apple Microsoft etc etc.. I can't help but think I'd be missing long term gains by actually holding large amount of Microsoft or Amazon. But is that really better for someone who is very set-it-and-forget-it? Would ETFs like XEQT and TEC be better for me to just dump everything into?Looking for advice. Thanks. | 2023-07-24 |
832 | 3 | Trade worldwide with a broker you can trust! Your capital is at risk. | https://alb.reddit.com/cr?za=DXMo0uINi8-694D9jf_yca5PXVr3fth8ORL71O7EREIGlM0GOXiwsqZEw3VWCOeVYG4Mp2AtrA3ap8I3II-1LK1DzctHgFZ3gb8DJ4e7PfEtq5dy8Ma93iQIdzSFG044ZXsXJdv_r9cYQf8ST4OQ-RnH_9lvsM_soAkHxJJ4dydenEaBx0CN3oEgTWFz6V3EZiSYiPnVjks0Ftre6ydM0yD4WbIL8uHd5_KeBrK_XlweqGPLBtY8XtdyPGHgCuN3oHdWDSxTBnnbM6IoCmg6zky1KHwuGxEsJLYi5EiNPGWv3MNRw4Sp3FrVENyMMZKiVYxDjpCEcbQh2mMUXsJMt4e5EsF_j-0Y0e0kEGsfmWhBkpRoYcggV8x5NWxCtzJE1fn-d0U2&zp=BMYVgwCJWBiDHOj68iH5EQM2wSC4PxPCV9505ow6jCc0MVMDUY_zn0NUSnbKCvO9-Vpqh36_7wfh3umDg3vK0wXZ56y1FWy3Kd0ec9nnQa0xJcQdxtuthGZsXQq6kJhphW-WVa8jQmkfEa77pavV7sn4ebOcy1kONa4AFw7-I9hCH8I4GGkUYvTfqZpCr6MIQlMpmIznBnKfLOE2zyiGIKfCeIQCudr2oDiOE5Xhoa431Od1EOAZDS_EIP2jEpVAChwF3w | 0 comments | null | null | 2023-07-24 |
833 | 62 | If Ford pulls off establishing themselves in EV, is buying in now worth it? | null | 147 comments | 2023-06-24 | New to all this, trying to put in the work and set myself up for success before I do something stupid. I’m aware I shouldn’t take forum advice to heart, I just need to see things from a perspective that i’m not.I don’t have Berkshire or S&P type of money to invest, just doing the grind until I do.Ford seems interesting to me. Everyone I talk to seems split on this more than any other stock. I’m told to buy before they magically make an efficient battery and become Apple rich. Which is obviously a red flag right there, in my opinion.So, god forbid Ford drops an EV in (reasonable time would be?) and Ford somehow markets this thing well, would the growth sustain into the future?So far they are doing a shit job advertising this program of theirs, claiming how hard it is, etc. Then saying how strong demand for conventional combustion engine vehicles are. Just doesn’t seem like a good first time longterm.Edit: NOT buying F. Will be watch Topgolf (MODG) in the coming week and 89Bio (ETNB) | 2023-07-24 |
834 | 141 | Percentage of Population investing in Stock Market! | null | 165 comments | 2023-06-24 | Percentage of Population investing in Stock Market!USA - 55%Australia - 40%UK - 33%Japan - 30%Canada - 25%China - 13%𝐈𝐧𝐝𝐢𝐚 - 𝟑%Brazil - 2%What will happen when only 10% of Indians start investing in the Stocks ? | 2023-07-24 |
835 | 2.4k | Warren Buffett is worth $100 Billion and is the most successful investor of all time. Here is his best advice on investing | null | 371 comments | 2023-06-24 | Warren Buffett is worth $100 Billion and is the most successful investor of all time. Here is his best advice on investing:The Stock Market is designed to transfer money from the inpatient to the patientIf you cannot control your emotions, you cannot control your moneyYour best investment is yourself, the more you learn, the more you'll earnI think the worst mistake you can make in stocks is to buy or sell based on current headlinesNever invest in a business you cannot understandIt's better to hang out with people better than you, pick out associates whose behavior is better than yours and you'll drift in that directionMuch success can be attributed to inactivity, most investors cannot resist the temptation to constantly buy and sellIf you buy things you do not need, soon you will have to sell things you needBe fearful when others are greedy and be greedy when others are fearfulThe investor of today does not profit from yesterday’s growthOur goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain priceIt's far better to buy a wonderful company at a fair price than a fair company at a wonderful priceIf a business does well, the stock price will followInvesting is laying out money now, to get more back in the futureThe value of a business is the cash it's going to produce in the futurePrice is what you pay, value is what you getIgnore the stock market, ignore the economy, and buy a business you understandA great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problemRisk comes from not knowing what you're doingWide diversification is only required when investors do not understand what they are doingDiversification may preserve wealth, but concentration builds wealthThe three most important words in investing are 'margin of safety'Look at market fluctuations as your friend rather than your enemy; profit from stupidity rather than participate in itWhether we’re talking about socks or stocks, I like buying quality merchandise when it is marked downCash combined with courage in a time of crisis is pricelessThe true investor welcomes volatility, a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businessesSpeculation is most dangerous when it looks easiestWidespread fear is your friend as an investor because it serves up bargain purchasesIn the short run, the market is a voting machine. In the long run, it's a weighing machineWhen investing, pessimism is your friend, euphoria the enemyThe years ahead will occasionally deliver major market declines, even panics, that will affect virtually all stocks. No one can tell you when these traumas will occurIf you don't find a way to make money while you sleep, you will work until you die | 2023-07-24 |
836 | 842 | AI bubble: A company registered with AI in its name got immediate $260m valuation despite having no product! | null | 167 comments | 2023-06-24 | Just proof that most people have goldfish memory; we can't see DotCom bubble repeating itself in front of us! This is a huge bubble & can end up in another "lost decade":"A.I." company raises record $113 million just a month after being founded—despite having no product and only just hiring staff.https://techcrunch.com/2023/06/13/frances-mistral-ai-blows-in-with-a-113m-seed-round-at-a-260m-valuation-to-take-on-openai/ | 2023-07-24 |
837 | 134 | Warren Buffett pours more money into Japan’s stock market | null | 22 comments | 2023-06-24 | Billionaire investor Warren Buffett’s Berkshire Hathaway (BRKA) has added to its holdings in Japan’s five biggest trading houses, likely underpinning strong momentum propelling the nation’s stock market to multi-year highs.Berkshire said Monday its stakes in Itochu (ITOCF), Marubeni (MARUY), Mitsubishi Corp, Mitsui & Co (MITSY), and Sumitomo now average more than 8.5%.It first announced the buys in 2020, and the additional purchases are in line with its plans to hold the stakes long-term and increase them to as much as 9.9%.Buffett’s investments and his optimism about Japan’s prospects have drawn attention to the country’s improving economic conditions and shareholder-friendly corporate governance reforms that have helped underpin a sparkling rally in the Nikkei (N225)share average.The market ended 1% lower Friday, and Berkshire’s announcement came after Monday’s close, but 10 weeks of consecutive gains have helped the Nikkei rise 28% this year.Berkshire’s biggest bet Outside AmericaBerkshire said the aggregate value of the investments is the largest of any Berkshire-held public stocks outside the United States.Known as “sogo shosha,” Japanese trading houses deal in a variety of materials, products, and food, often serving as intermediaries, and providing logistical support.The stocks are all up more than 30% this year, with Marubeni shares up 62%. That stock has more than tripled in price since the end of 2020.The trading firms’ regulatory filings of June 12 showed Berkshire holding 7.4% of Itochu’s stock, 8.3% of Marubeni and Mitsubishi’s stock, 8.1% of Mitsui’s stock and 8.2% of Sumitomo’s stock. | 2023-07-24 |
838 | 11 | Anybody worried about the boomer retirement recession? | null | 73 | 2023-06-24 | The majority of boomers are retiring from 2020 to 2025 according to this dated article.
With boomers retiring and them being the largest generation isn’t it somewhat obvious that more money will be going out of the market then in the market?
Wondering if this is one of those obvious in hindsight but no action taken in todays time. Kinda like inflation after the COVID stimulus stuff.
Thoughts? | 2023-07-24 |
839 | 3 | Top stocks for June 2023
Industry Discussion | null | 5 | 2023-06-24 | Top U.S. stocks for June include First Solar Inc. ($FSLR), Nvidia Corp. ($NVDA), and Penumbra Inc. ($PEN). The share prices of all have more than doubled in the past year, as the Russell 3000, a capitalization-weighted stock market index used as a benchmark for the entire U.S. stock market, has returned 1%.
Below, we list the top five stocks in each category: value, growth, and momentum. All data below is as of May 26.
Best Value Stocks
Value investing is a factor-based investing strategy that involves picking stocks you believe are trading for less than what they are intrinsically worth, usually measured by the ratio of the stock’s price to one or more fundamental business metrics. A widely accepted value metric is the price-to-earnings (P/E) ratio. Value investors say that if a business is cheap compared with its intrinsic value (as measured by its P/E ratio, in this case), then the stock price may rise faster than others as the price comes back in line with the worth of the company. These are among the stocks with the lowest 12-month trailing P/E ratio.
Best Value Stocks
Southwestern Energy Co.: An oil and natural gas explorer and producer with properties in Pennsylvania, Ohio, West Virginia, and Louisiana. In June 2022, the company authorized a $1 billion share repurchase program that can continue through the end of 2023. In the first quarter, Southwestern reported net income of $1.9 billion, swinging from a net loss of $2.7 billion in the year-ago quarter, and a 28% year-over-year revenue decline.
Chesapeake Energy Corp.: Chesapeake explores and develops oil and gas properties throughout the U.S. In February, Chesapeake Energy agreed to sell a portion of its Eagle Ford assets to global chemicals company INEOS for approximately $1.4 billion. In the first quarter of 2023, Chesapeake Energy's revenue nearly tripled from the year before and net income totaled $1.4 billion, or $9.60 a share.
First Citizens BancShares Inc.: This is a holding company that offers banking services such as deposit products, consumer loans, and commercial leases. First Citizens' net income surged in the most recent quarter after the lender acquired the assets and liabilities of Silicon Valley Bank at a steep discount.
Ovintiv Inc.: Ovintiv owns and operates various natural gas and oil properties in the U.S. and Canada.
DISH Network Corp.: A TV service provider that offers programming packages, Sling TV, and wireless subscriber plans. On May 8, the company released its first-quarter earnings results. Net income fell 46%, and overall revenue declined by 9% compared with the same period in 2022. DISH lost over half a million Pay-TV subscribers in the first quarter, and its retail wireless segment posted a 9% reduction in subscribers compared with the previous year.
Fastest-Growing Stocks
These are the top stocks as ranked by a growth model that scores companies based on a 50/50 weighting of their most recent quarterly year-on-year (YOY) percentage revenue growth and their most recent quarterly YOY earnings per share (EPS) growth.
Both sales and earnings are critical factors in the success of a company. Therefore, ranking companies by only one growth metric makes a ranking susceptible to the accounting anomalies of that quarter (such as changes in tax law or restructuring costs) that may make one or the other figure unrepresentative of the business in general. Companies with quarterly EPS or revenue growth of more than 1,000% were excluded as outliers.
Momentum investing is a factor-based investing strategy that involves buying a stock whose price has risen faster than the market as a whole. Momentum investors believe that stocks that have outperformed the market will often continue to do so because the factors that caused them to outperform won't suddenly disappear. In addition, other investors seeking to benefit from the stock’s outperformance will often purchase it, further bidding up its price.
These are the stocks that had the highest total return over the past 12 months.
First Solar Inc.: A solar energy company that makes cadmium telluride solar modules for commercial and industrial uses. Early this year, First Solar sold its 141 MW power plant located in Chile to the company Toesca for an undisclosed amount. On April 27, the company reported first-quarter earnings, with net sales declining by 45% to $548 million. Nonetheless, the company reported net income of $43 million, swinging to a profit from a $43 million loss in the year-ago quarter. The company's stock price rose by approximately 25% in the two weeks after earnings.
NVIDIA Corp.: This is a semiconductor company that derives most of its revenue from selling graphics processing units (GPUs) for gaming PCs. On May 24, the company reported first-quarter fiscal year 2024 earnings. Nvidia reported 14% growth in data-center revenue and expanded artificial intelligence (AI) development with multiple partnerships and the introduction of AI Foundations, a generative AI language learning model. Following the earnings report, the company's share price rose by 24%, bringing it briefly to a $1 trillion market cap.
Penumbra Inc.: Penumbra develops and sells minimally invasive medical devices that help remove blood clots from the body.
Netflix Inc.: An entertainment streaming company that offers a wide range of original and licensed movies and TV shows.
Axon Enterprise Inc.: Axon manufactures and sells conducted-energy weapons under the Taser brand, and cloud-based video equipment and software for use by law enforcement. Axon has experienced steady growth over the past year. Axon's YOY revenue jumped 34% in the first quarter on the release of multiple new products and 51% growth in cloud sales.
Top-Stock Investing Advantages
To become a top stock, a company most likely produces positive trends in its earnings, revenue, and share price. Momentum in these areas indicates a well-run business that has the potential to keep generating profit and creating shareholder value.
Investors can use free stock-screening sites like Finviz to find top stocks, filtering by both fundamental and technical metrics. For example, a trader could find a top stock by scanning for companies that are trading at a new 52-week high or that have reported higher earnings consistently over the past five years.
Liquidity
Top stocks typically receive extensive media coverage and are followed by leading Wall Street analysts. This usually means more liquidity, leading to better prices and faster trade executions. Moreover, top stocks with ample liquidity are more difficult for larger players to manipulate, helping to keep a fair and orderly market in them.
Top-Stock Investing Risks
Missed Opportunities
Investing only in top large-cap stocks means that investors may miss profitable opportunities in other areas of the stock market. Some of the most significant gains come from small-cap stocks under the radar. For example, an unknown small biotechnology company may announce a breakthrough discovery that propels its share price higher. Even if investors favor trading top stocks, allocating a portion of capital to other stock groups helps avoid missing compelling opportunities.
Trend Reversals
The trend is your friend—until it's not. Even top large-cap stocks with a track record of earnings growth and creating shareholder value encounter unforeseen challenges. For example, cruise line companies, such as Carnival Corp. (CCL) and Norwegian Cruise Line Holdings Ltd. (NCLH), reported increased revenue in the years leading up to the pandemic but watched their top line sink to unprecedented lows for several years due to no-sail orders and a collapse in passenger demand during the worldwide health crisis.
When investing in top stocks, investors should always use a stop-loss order to protect against sudden trend reversals. | 2023-07-24 |
840 | 155 | Ready to ditch the fax machine and embrace the future of faxing? With eFax, you can send and receive faxes right from your computer, or smartphone. | https://alb.reddit.com/cr?za=eDqe4Lps-pQrdboaZYuXykqq_rOxsOPING0YgIXNE3wJLjGPZkPEldGVLLqJDsc5Ia1J6CB27Or4OU_RpiDy8GPJSd8ddaLbMUTf8EhbsdkHb5di0vAiYc2dFhoPTj5GFHDkMx1mrWk0PGRMVuTzoEQ8QuNl58dIel8VMwFro5jzCU1qRwRtr8_GVKHWwaRsArXrGjmnemBarxSrrO8oKfEm9E9XXwKJ7vMtx6Yay-_KZgt7hcqGD_ODBiaiATWmHn6nhTzCqbi8ndJhIB4EdhyJrCWyeKAmCJ1PewZO6iE8m8dH7FCKjtEONbXbbDGW9qMeudNivNUC5Up0mJFWoJQYYZSTdPOsphad9Uh6a9_-n4kdtsE6EWLeCnCGcFPabbzEiBtL&zp=4FK2bTyRl89XEkcHqPLc2_1hCXbknR1Mvcn5i0x8vtYt-tL6kXEb_oTIdzEJ0FQDYu7nLgAAoYxU0M6fwG_u-PLKh-vZZU2EVKhyHPYCDhXfHHeXfo6SGI_3F3K2ValjymHTnnTV0GDEG4gjm8iLUfnl-iJQ5rQnN4EwvdpIZWYfC2yskF7kMSduncZCakhqxCxH7oxFgQ9LvHTOGNe-prRVLv75Ub1e1ZQ12v75p5_AQDy-vkRAaqA | 0 | null | null | 2023-07-24 |
841 | 11 | Defence Stocks | null | 28 | 2023-06-24 | I'd like to hear opinions and recommendations from r/stocks on the defence stocks they're looking at or have invested in.
Long-term it seems there will be increases in defence spending in both the East and West, and equipment being updated. Some will say this has been 'priced-in' etc. And I'm sure it has to some extent.
Let us hear your thoughts! | 2023-07-24 |
842 | 4 | Anyone invest in IOO vs VT? | null | 4 | 2023-06-24 | IOO tracks the largest global companies and has had a great return: 5 year - 65% 10 year - 122%
VT 5 year - 32% 10 year - 90%
It’s only large cap but has returned much better than VT which is a total market ETF too. | 2023-07-24 |
843 | 16 | Does the upcoming recession feel too “telegraphed” to be real? | null | 75 | 2023-06-24 | I know that historically a recession seems inevitable because we’ve never avoided one during a Fed rate hike cycle. But people have been predicting a severe recession for 2 years now and it still hasn’t seem to hit.
It seems that if a recession is coming then it would be the most telegraphed, foreshadowed recession in the history of the stock market. Since the Fed started raising interest rates, everyone expected a recession to hit us by now which makes me think it won’t happen or it will be more mild than people think.
Over the past year or two there was a strong, general consensus that a recession was months away. Large cap tech companies already laid off huge percentages of their workforce and got their balance sheets in order. Wouldn’t preemptive actions by S&P 500 companies and recession expectations make the recession less likely to happen?
It seems like all the worst stock market crashes in history were triggered by sudden, black swan events that nobody saw coming or nobody was talking about beforehand.
The fact that everyone predicted this upcoming recession, do we really think one is coming? | 2023-07-24 |
844 | 5 | Short term vs long term losses and gains | null | 7 comments | 2023-06-24 | Life happens and I have to sell some of my positions to pay off some bills. I’ve been doing DCA and my question comes down to would it be better to sell a stock for a loss that I’ve had long term, or sell one that I’ve been holding short term with gains. | 2023-07-24 |
845 | 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=-m80qre8Hua2qiVahieGWcRQBjtfe5uTOune-RE9EKfd7wD_YtLL2OT6u-nqISIVYx8MG9hoIncQrdmLGEwy2AA6bMkA3BwVESy5hV8YYsw6SSS2yiS-Fq3Mke1GouBK9YM5qmQ-KyK6ieeU0syuN1e-Mm6LHdGeY4uk-0-pFuCi1DU6QRrkxae9vYt650lyD3zQqYJesW_WZN-Jz3Q2TtRDOf9CNUxExpRZOtXKqfltb89DKB62nHUZ0_da2fHPAvMYmDPLYcCVkK5DlUMBXAtMfrpfHHXEUFS7Pa5OvztBBAqj1pXcEc6dVBV1nXVXDPLSMUlc5kU0VcY9Fec8ONHWYtWuXcbSxnG0nsTseCP98krzryZu8CeXESv6HQ&zp=AY342UtTxzOG_V22HLbNkIcShKW0ZYSLg8aDDDdwzZDkIboWNlNjUAgfhuz7iF3wsWZRlpuE-9mW0DIqs-4DDw49zkTYpfoNCHKw-CNsAI_Igl5JGo2j7QyzhKclgSCWY31-gJdPTLlexW0AtuHB6gNBSszXwoLQlZsHm_MmWRbtt2w5p4vrT-5yUGU | 0 comments | null | null | 2023-07-24 |
846 | 1 | Opinions on upvest / upvestdex ? Scam or.. ? | null | 6 comments | 2023-06-24 | My friend just told me he's investing 100K into a return program with them and he's getting back 1% every day for a month, supposedly turning 100K into 130K in 30 days. Sounds too good to be true, so I have to ask - does anyone have experience with this platform? I've been looking all over the internet and can barely find anything on them. | 2023-07-24 |
847 | 265 | How does AI not cause a massive long term bull market run in stocks? | null | 544 comments | 2023-06-24 | AI will cause almost every business to become more efficient either directly or indirectly and AI is being seen as like a second Industrial Revolution. They will have computers doing jobs better and faster 24/7 causing massive productivity boosts and costs savings. I’m having trouble finding a reason not to see a massive bull run from this. Even if you think this could cause a bubble, might as well ride the bubble now in the early stages.https://www.reuters.com/markets/us/wall-st-week-ahead-artificial-intelligence-gives-real-boost-us-stock-market-2023-05-19/#:~:text=Goldman%20Sachs%20strategists%20estimate%20that,stock%20market%20facing%20numerous%20headwinds.Goldman Sachs strategists estimate that generative AI could create productivity gains that result in S&P 500 companies expanding profit margins by about 4 percentage points in a decade following widespread adoption. | 2023-07-24 |
848 | 14 | r/Stocks Daily Discussion Monday - Jun 19, 2023 | null | 48 comments | 2023-06-24 | 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 |
849 | 1 | Can you set the Cost Base Method for a Trailing Stop trade? | null | 4 comments | 2023-06-24 | Normally I'm able to set 'Cost Base Method' for my market trades I've done thus far.However, I wanted to to it with a trailing stop leg. For some reason its not an available option when I want to sell a batch of stock. I wanted to sell with something else besides the default FIFO.This is mostly just a test. I'm using Schawb (both the app and SSE) but I guess its not an option for some reason. Doesn't seem to make any sense why I could sell a market batch as FIFO but not a trail stop as anything else. | 2023-07-24 |
850 | 21 | Is AMD's PE of ~500 justified? Do people still even care about PE? | null | 88 comments | 2023-06-24 | AMD has been on a crazy hot streak the last few years, outperforming the market by many multiples, outperforming its peers (INTL, NVDA) and outperforming just about every other stock except for a few giants.This stock is super frothy at this point, right? Granted that it still makes good products, but I don't know how the ~500 PE can be justified when NVDA is ~220 and INTL is ~negative.Or do people not care about PE anymore and just believe that AMD will continue grow its revenue amidst the AI tsunami? | 2023-07-24 |
851 | 0 | Why won’t my order get filled? | null | 11 comments | 2023-06-24 | I’m trying to buy a few thousand shares of The Metals Company, but no matter what buy price I input, or whether it’s at market or a generous buy limit, or of 1000 or 100 or even 10 shares, the order is not being filled. I’m very confused. Am I doing something wrong?I’d love to get a piece of this pie!thanks for your help :) | 2023-07-24 |
852 | 62 | At what point do you sell a stock? | null | 155 comments | 2023-06-24 | So I recently invested in $SMCI about 6 months ago as I know they’re a company that makes custom servers for hundreds of vendors such as Amazon’s AWS datacentre hardware and Nutanix.Anyway, this was before the AI hype and I’m now +150% on my position. Over the past year $SMCI has increased by 400%.At what point do you personally sell a stock? Not necessarily looking for advice as you never know what will happen! | 2023-07-24 |
853 | 3 | Trade worldwide with a broker you can trust! Your capital is at risk. | https://alb.reddit.com/cr?za=16RfYkaq9frxosCzLd9gsdXdfm1dsopslE5LztKUYaEMq516-Qtu4syhHqJpoKrOyToH5eUGdnBs_wdH_-AZctLU4XSEYBQ7WRAuCE9RGduDRoREF5PILH-S89oQcitGwEooYu5yTS3KCtp-02oO3y_HGmnbbzcx7ddEtigtLUwsKxQwDoSv6iZyIoumze_jI9lksnYGVAY743WcLqgGcMGNM-DXTt93OpOVF9AIzzeit5gVDk1r3wY8rTMc7i_1nTH5I7q0Qfe02XsG482Fu4eqykqzn1aEXcrbj0HcNKrkiv4YZsudTuoi5_n37LniLv6fAENGGEtnVqrila06NhP5jb20wgiSUgM8Q_IbE6phUjBj8MR0Ka0PFfOBFvDWAEihVapy&zp=6C9BMJuPdFZd6JytmnEtYfdZbQ5s0SmsGl55xzF08gRZz0l6jsdyN_-ztfqvwNXi9r5iCyvi6QjQVeBdmTJ3doWGTVmF3dchuz_eVRS_GNZi9TeTZcpk_1cA4ZbQ0roGXoEaouZ7ogDiJXLtitatJVjBF6AAQCXyrvYH61J7Lj4x5lCuCBbCOmCCGKiWNxrgINI4Fqta2VdlgCHVEg3TslDXugdLhgJWyRrH-hy9mwMTVMsmue8qFirDSrdltz1A5pWPsw | 0 comments | null | null | 2023-07-24 |
854 | 274 | Poor management by Sunday Pichai? | null | 300 comments | 2023-06-24 | How can Larry Page and Sergey Brin allow Sundar to run this company so ineptly?I'm not even talking about OpenAI as that's beyond their control but, specifically about shutting down somehow good/ uprising projects like Stadia or just recently.. Google Domains...What is the point of spending hundreds of millions of dollars only to kill a project a year or a few years later? Even though that it's doing quite good?There's literally no excuse for selling Google Domains.What do you think guys?Even though this company is a JAGGERNAUT because of this sh$#y management I'm gonna sell my shares as soon as we have a spike. | 2023-07-24 |
855 | 4 | Mark Zuckerberg is worth $100 billion for first time since February 2022 | null | 18 comments | 2023-06-24 | Mark Zuckerberg’s fortune hit the $100 billion threshold Thursday for the first time since February 2022, making him the world’s 11th richest person, per Forbes’ calculations. Shares of Meta Platforms, where Zuckerberg is CEO and co-founder, rose 3% for the day, lifting his fortune by $3 billion. Meta Platforms is the parent company of social media platforms Facebook, Instagram and WhatsApp, as well as virtual reality arm Oculus.Meta’s share price has been rising steadily since hitting a trough in November 2022, notching a nearly 220% gain. In November last year, Zuckerberg was worth $32.8 billion and ranked the world’s 29th richest. He fell out of the world’s top 10 richest in January 2022.Meta’s stock is up largely due to analyst and investor optimism around the company’s cost cutting, which included 21,000 layoffs since November 2022. Zuckerberg has branded 2023 the “year of efficiency” for Meta.Meta stock rebounded this week from a 2.8% drop last week, which market watchers tied to Apple’s launch of its new virtual reality headset, a competitor to Meta’s Quest. Meta has spent billions to gain market share in the virtual reality space.The rise in Meta’s stock came amid a good day for stock indices: the S&P 500, the Nasdaq and the Dow Jones Industrial Average each closed up more than 1%, in part as a reaction to the Federal Reserve’s decision Wednesday to pause interest rate hikes. Meta’s stock is up 126% this year, far outpacing the tech-heavy Nasdaq’s 33% rise.As of Thursday’s market close, Zuckerberg’s net worth is just $800 million shy of Google cofounder Sergey Brin, who is currently the world’s 10th richest.Still, Zuckerberg’s fortune still falls short of its September 2021 peak of $136.4 billion. | 2023-07-24 |
856 | 53 | Looking to start stocks | null | 105 comments | 2023-06-24 | As someone who knows nothing about stocks but wants to learn does anyone have recommendations where to start and good reading materials to help me understand where and when to begin investing in stocks. Thanks. | 2023-07-24 |
857 | 4 | CNCX - Undervalued stock? | null | 4 comments | 2023-06-24 | Unemployed and lost but want to see if I am any good with analyzing stocks. Fundamental stock analysis of decent size companies (no penny stocks or crazy tech companies); I have no idea in technical analysis. I am thinking if I am any good I could do some YouTube videos on some of the stocks most requested by the community here and help people make money. I will be using conservative numbers wherever I think it is possible.Concentrix CNCX is a traditional CX call center service that has many clients like Apple etc. Three of the most important factors for analyzing stocks is History, Competitors, and Outlook -- so I will be trying to put my take on it and make it short as possible.Competitors:As of 2022Teleperformance TLPFYTTEC Holdings TTECMajorel MAJ.ASConcentrix CNCXRevenue8.2 bn2.5 bn2.1 bn9.8 bnGross ProfitN/AN/AN/AN/AOperating Margin994 M (12.2%)250 M (10%)210 M (10%)980 M (10%)Assets4.4 bn1.1 bn1 bn4 bnLiabilities(5.2 bn)(1.5 bn)(1 bn)(8 bn)Asset - Liabilities(800 M)(400 M)0(4 bn)Enterprise Value10 bn (10 times)2.5 bn (10 times)2.1 bn (10 times)9.8 bnMarket Value9.2 bn2.1 bn2.1 bn5.8 bnShould be Market Price1584422115Actual Price162352983DifferenceN/A+25%-25%+40%History:The biggest competitor to Concentrix is Teleperformance. So comparing the history of Teleperformance should tell you what the normal range of valuation should be for Concentrix.20212020201920182017Revenue8.73 bn8.06 bn7.05 bn6 bn5.08Gross ProfitN/AN/AN/AN/AN/AOperating Margin870M (10%)800M (10%)700M (10%)600M (10%)500M (10%)Assets5 bn4.5 bn4 bn3.3 bn2.7 bnLiabilities(5.9 bn)(5.7 bn)(4.9 bn)(4.2 bn)(3 bn)Asset - Liabilities(1 bn)(1.2 bn)(1 bn)(1 bn)(300M)Actual Enterprise Value23 bn20bn16bn11 bn8.3 bnActual Market Value22bn19bn15bn10 bn8 bnEV/Revenue2.752.52.2521.6Average2.222.222.222.222.22Outlook:Concentrix is acquiring Webhelp (private) and becoming the biggest CX provider. They are neck in neck with Teleperformance who acquired Majorel for 1.5 times sales to Enterprise Value - means they all feel prices are low enough for consolidation in the industry.Looking at the first table it looks like Concentrix is undervalued by 40% on already depressed numbers of EV/Revenue as average EV/Revenue for Teleperformance has been more like 2 historically. So prices will be expected to reach $120 on just 1 times EV/Revenue.But lets say if we give it a more reasonable number of 1.5-2 EV/Revenue then stock price will be expected to reach $160.Let me know if this looks good and any comments/upvotes will be appreciated. Feel free to ask any questions whatsoever that makes you contest my opinion or just another stock you would like me to analyze. | 2023-07-24 |
858 | 6 | Increasing Portfolio Percentage of ETF’s | null | 1 comment | 2023-06-24 | Context: I’ve spent one year investing with long term strategy and have been seeing pretty decent resultsHello. I’d like to get some extra opinions on my current situation. As context said, I’ve spent a year investing and have usually have stuck with a 50/50 ETF and stock ratio. Lately, I’ve noted myself selling off a lot of the stocks I previously held that I thought were done giving such over the top gains or stocks I felt I wasn’t making as much as I could with another stock. I dropped from maybe 18 or higher stocks and ETF’s and now sit at about 10. Many of which I had low amounts of money in due to being a small portfolio. Another concern is my mindset that many individual companies could end up like Intel and reach a peak and never see it go above that value ever again.Current split is: VOO 40%, SCHD 20%, QQQM 10%, regular stocks 30%.With my relatively limited experience investing and given that most investors do not beat the market, is this necessarily a bad thing? I know it would have been better to have had more in QQQM with its latest success but most of the gains to be had are probably gone. Reasoning for not buying was that SCHD seemed to be lowering in price and wanted to capitalize on the moment.All in all, do you think I should branch out or continue to buy main ETF’s? | 2023-07-24 |
859 | 5 | Trying to remember a stock | null | 5 comments | 2023-06-24 | I saw some Instagram reel about a company backed by Bezos and a bunch of other big names that has something to do with reducing carbon, the connection was that companies are buying land? I can not remember for the life of me what the ticket is so I can do more research. Does anyone have a clue what I’m referring to? | 2023-07-24 |
860 | 39 | Petroleum Geo Services (PGS ASA) Due Dilligence | null | 19 comments | 2023-06-24 | HiJust wanted to post about a norwegian company on the norwegian stock exchange. It is so cheap right now, I’m just.. at a loss for words.PGS struggled alot the recent years prior to 2022 due to low investments in the seismic market and a huge debt. But things have really turned around.Their debt has gone from 1100m usd to around 500m usd now. They have THE best fleet in the world for what they are doing, and they are PRINTING money atm.They bought 4 specialdesigned vessels for approx 250m usd each in 2014, 2015, 2016 and 2017 iirc, the amount of vessels in the market worldwide for this is a total of 20ish.If you compare this to the amount of vessels back in 2014 when the seismic market was at an all time high, there was around a 100 vessels worldwide. So there are simply too few vessels now, which means insane increase in dayrates for each vessel.The two main seismic companies in the world are PGS ASA and Shearwater. Shearwater has almost the same amount of vessels but older / less effective.Shearwater is set to enter the norwegian stock exchange this year, and is rumored to be priced at around 2000m usd.PGS ASA is currently worth around 500m usd, yet not long ago they submitted estimated prices on ships, multiclient library and contracts. Which all added up to around 2500m usd.From the Q1 report webcast, they said they only needed to earn 80m usd to pay clear all other debts than the most recent 450m usd loan (they refinanced to get better rates a few months ago). They earned 120m usd the past 12 months, with only a 5/9 vessel usage.They also stated they want to keep a debt of around 400-500m usd, and start paying back the stockholders or start a buyback program.PGS ASA is currently valued around 500m usd, and the people who own ALOT of stocks in Shearwater are also buying up stocks in PGS. So I think it’s pretty safe to say the stock will skyrocket very soon.So how did they get their debt down from ~1100m usd to around 500m usd? -they increased the amount of stocks from around 400mill to now 909mill stocks over the last year, and started earning alot more as rates went higher and fleet became more active.Afaik now 8/9 vessels are active, one just lost a contract, but there will be plenty of work for this last one. And they are ofc negotiating cancellation fees.They also refinanced 450m usd of debt into a loan with ~14 or 15% interest rates, which can again be refinanced for better rates after 2 years.Anyone else have information regarding PGS? | 2023-07-24 |
861 | 155 | Ready to ditch the fax machine and embrace the future of faxing? With eFax, you can send and receive faxes right from your computer, or smartphone. | https://alb.reddit.com/cr?za=GbMmwoq1aSgDd6sgcSrXfRT5TgCN_dZSLTLcrCvR8xVFJrmyW4goOCHP_PC1kKYR44wjZkhIQxpUJ_uBrk7xs-qT40XJ-DWuVS2UTDvQMB8jpp4Mna5T5EFBQGjZhQw1WSdOTcJKC5wp7ZcCQxgoG_21bRhdW0M2f8ONZ2zItmaP1b_sHRInOYfNQ78yvhw0d4Bk2jhl2hw_D88swjBivhtVUqq5WpmQOgkkxBn6bzvu8NJktjargWs66rBKf6LOuWuVZtoxmuYxVkSBmORCJiBhMaXumu1WcoUT0znEjVOJbj0y58a5MY5sXJbF7110F-ix-XZoi0-c49HDhGAdfv9UXfGmFK_ZmC6yRI3sosofnVjNO-j5ngZkFk4aGBB34bWj8gDc&zp=qCz1xV6wesA8_6RQ9KNjGSxernW3GK5pOs4pFikvOQ2Xl8G4VQSvuCktX6DhgoaJBZEDNjs0W7zH24rBQuuX2rSLDiDwJkX1dFQnHg6p3IWBmuaubtZF1KU4aUO-yQ4gXt2QlWJbssYqHxpo9wEGcJdMi078ByO5ym_pFGwuJ6XCbTluxQIotflRjC9NAxcqWby0kxRkSOqNLjxpjkIvI6am7vHkBRBaW5354ddmtzq2IitQ_QAM8U4 | 0 comments | null | null | 2023-07-24 |
862 | 5 | Call debit spreads - what am I missing? Seems safe? | null | 20 comments | 2023-06-24 | Hi all - I have a small portfolio and am trying to make relatively safe investments with options trades. I'm not sure if this is too good to be true, as most things are... but I can't find a good piece of info on this. To me, it looks like debit spreads have a lower overall risk (and overall lower max reward) for options trades.My question is - what is stopping the average joe from simply buying expensive credit spreads that are pretty "deep" in a safe area in the money and just selling it the next day/days for a small but easy profit? It seems that doing those trades can add up to pretty easy income. You avoid being flagged as a day trader, you avoid doing wash sales as long as you make a good pick, and it seems like an easy way to grow a smaller portfolio.E.g. paying $500 for a contract with a max profit of $100 for example Apple. Yes you will lose the theoretical max profit if you just did a call option and the stock went up... but can't I just do debit spreads and be safer at the cost of a lower max? | 2023-07-24 |
863 | 0 | Which not-so-well-known brands are slowly creeping into the daily person's life? | null | 32 comments | 2023-06-24 | Hi there, i'm wondering if anyone has noticed any not-so-well-known brands that are starting to appear in everyday life? I think this one is a tough one but curious to know your thoughts. I think one that comes to mind is maybe on cloud but i honesty can't think of too many right now. | 2023-07-24 |
864 | 9 | Block (SQ) positions - hold or sell? | null | 39 comments | 2023-06-24 | I have employee stocks from Block evaluated at $100/share from June 2022 grant. Will the stock price ever recover to anywhere near this valuation? The chart seems to indicate that the high stock price was due to/surrounded the pandemic and historically hovered around where it is now ~$65. Thanks in advanceEdit: I have 82 shares | 2023-07-24 |
865 | 12 | Where can I find financial reports archives? | null | 18 comments | 2023-06-24 | Hey,Let's say I want a place to gather large amounts of data of companies from major exchanges, for example all the quarterly reports from several companies over the last 10 years, what is the most effective service for me to get that? (we're talking about 100s of PDFs)I know it's available over each companies website but a lot of times things are missing or that it's take a lot of manual work for me to download it all.If there's a service that provides that or provides an API it'll be fantastic!Thanks! | 2023-07-24 |
866 | 0 | Shopify ($SHOP) up 85% this year, time to sell the stock?
Company Discussion | null | 8 | 2023-06-24 | Shopify is a leading e-commerce platform growing faster than the overall industry.
The company botched its logistics investments and is now facing pressure from Amazon.
Shares look extremely expensive at these prices.
Growth prospects look strong, but don't forget that price matters.
Stocks have soared to start 2023, reversing a lot of the painful losses for investors in 2021 and 2022. Growth stocks have especially rallied, with many stocks greatly outpacing the 15% gains for the S&P 500 index year to date (YTD). Shopify (SHOP -2.10%) is one of these growth companies.
Shares of the e-commerce software and payments platform have popped 85% YTD, with the stock now sporting a market cap of $83.5 billion. Since the company went public in 2015, shares are up 2,200%, making it one of the top-performing stocks worldwide over that time span, especially for large-cap companies.
With the stock up so much this year, should you sell your shares of Shopify and walk away? Or are there still more gains to be had in this growth compounder?
Growing faster than peers but without cost discipline
One thing all investors can agree on with Shopify is that it's growing quickly and gaining market share with its core e-commerce services. Last quarter, payment volume through its merchant customers grew 18% year over year in constant currency, which is much quicker than the 10% projected growth for the global e-commerce market this year.
Revenue is growing even quicker than payment volume, up 27% year over year to $1.5 billion in the first quarter. This is occurring as more merchants and customers are adopting Shopify's internal payment processor, which allows it to earn a sizable take rate on every transaction processed through its platform. In the first quarter, internal payments volume was 56% of total payments volume compared to 51% in 2022. If this trend continues, it will lead to Shopify's revenue growing quicker than its total payment volume, which is already outpacing the overall e-commerce market. This is a good recipe for durable double-digit revenue growth.
While revenue growth has been great, Shopify has shown a lack of efficiency with its cost structure. In the first quarter, the company posted an operating loss of $193 million -- or 13% of revenue -- compared to 8% of revenue a year ago. With the platform closing in on $6 billion in annual revenue, there is no excuse for Shopify to not generate any bottom-line profits. These losses will need to reverse in the next few years, especially if revenue continues to compound to even higher levels.
Fumbling the logistics opportunity, competition with Amazon payments
Over the last few years, Shopify has talked a big vertical integration game about how it would start competing with Amazon in delivery and logistics for its merchants. It spent $2.1 billion acquiring start-up Deliverr and said it would invest billions of dollars into the Shopify Fulfillment Network.
But in 2023, after realizing Deliverr had negative gross margins and that it could not compete with the tens of billions in infrastructure spending from Amazon, UPS, and FedEx, Shopify did a complete U-turn and exited all of its logistics investments, including divesting its Deliverr acquisition to Flexport. The company not only wasted a ton of money trying to invest in logistics, but this exit now significantly shrinks Shopify's addressable market, a big selling point for growth investors interested in the stock.
This competition with Amazon may only get worse. Last year, the technology giant released a beta version of the "Buy With Prime" button, which allows merchants to process payments and shipping on their own third-party websites exactly as they would when selling on Amazon. Most of Shopify's revenue comes from its own payment processor, meaning its revenue will take a hit if any merchant customers start offering Buy With Prime. Since the payment buttons are all the same for the consumer, it is likely that many e-commerce shoppers would switch to the Amazon solution if it means the fastest shipping times.
The valuation doesn't make sense at these prices
Even with the looming risk from Amazon, Shopify shares have soared this year and now sport a steep valuation that makes the math for positive forward returns very difficult.
For one, even though it looks like a software company, Shopify's gross margins are much lower than you might think. As you can see from the above chart, the company only generated $2.8 billion in gross profit over the past 12 months compared to $5.9 billion in revenue, or a margin of 47%. A mature company run efficiently can generally convert around half of its gross profit into earnings. Since Shopify is an aggressive spender, let's say it will convert a bit less at maturity and hit 20% net profit margins.
If Shopify is able to fend off looming competition from companies like Amazon and keep growing revenue at 20% a year, it will hit $14.7 billion in revenue five years from now. With a 20% profit margin, that equates to $2.9 billion in earnings. Compared to its current market cap of $83.5 billion, that would be a forward price-to-earnings ratio (P/E) of 28.5 five years from now. This is higher than the market average today and requires Shopify to grow its revenue at a 20% annual rate for five straight years.
The math doesn't work for Shopify at these prices unless you believe the company will accelerate its growth rate or magically expand its profitability. Even though it means a tax hit if you've held for many years, now is looking like a good time to sell your shares of Shopify and redeploy the cash into cheaper stocks. | 2023-07-24 |
867 | 0 | Lucid Motors is an 'interesting' company/stock
Company Discussion | null | 27 | 2023-06-24 | Okay so I have some money invested into LCID stock and obviously the company is not doing very well aside from the unsustainable billions PIF is pouring into them. It is at a crossroad currently and many people are divesting.
But for me personally, although I know deep down it is a risky stock and isn't doing well, but I just really believe in it as a company and I think that is an important thing when investing. Their cars are genuinely good in almost every way and I think it is one of the few true competitors to Tesla. It is sad that they don't plan to have an economic car for the regular folks. Not everyone has 100k to put into their cars.
I guess we'll have to wait and see how their expansion in China and Norway will turn out. | 2023-07-24 |
868 | 681 | Interesting article about Ethical Investing and how Tesla supposedly rates worse than some tobacco companies
Industry Discussion | null | 302 | 2023-06-24 | For those who choose Ethical investments based on ESG ratings, this article is quite enlightening. It points out how some Tobacco companies rate far higher than Tesla because they are more committed to LGBTQ equality and because Tesla doesn't have a diverse boardroom.
It's not really what I imagined the ratings were based on. It's seems too easy for firms to be "Ethical" based on ticking some management boxes rather than what they actually do as a business. Surely it should be on the activity of the business and not to do with whether they fly the pride flag (for example)?
https://12ft.io/proxy?ref=&q=https://www.telegraph.co.uk/business/2023/06/16/esg-investing-ratings-elon-musk-tesla/ | 2023-07-24 |
869 | Vote | Um eine Terrororganisation von innen zu stürzen, gehen die Agentinnen Cruz und Joe undercover. | https://alb.reddit.com/cr?za=d-XlXwRsbsYYE8xzezPc_NoDFR9QN1MuaL1pHetmhX8ZHDb0__9WsnKJGDqTUshUThKV4FUbV1DXuvU5U78Gk2c-RNAu5A76vO4TrBDaMdUci9Xae3u8Zc23Dv20IAKgzcwpPTvL-UP8GzuwpyLeuPD1LSudeXfS3pzpXIRun4Aa2-9kPs7tBjrkU5k5ap-lMELKDTTAxDOgpAbuZu7PB4EN_-kyIWNRuTfCg4jGg_KT9Y5SABvBXJKas_yT2p_rL1RfDqHvYGJC03tuKnx4l4EtErLwhExmqhlu8Nvx33mjmEs6BGXB07OZ2vluirsAyoc_aevKlvHlMpQkzxHcLyuZoLMRyu1BzxK7GPGhv9SruMg82vETBzsOxd7PtjBYDRPSOA&zp=sLQ0nvA4K55MhbM8RZpwXPGNQTIG4LHz1cdC4tPztQxZ_mzLMfnqk6-kx1a-qQuNm7QVRaqCRucoyRVN4ggwYI7cVzEsvxSqEq1GR4RucBSMk-hkE6awu-6TmQBqwmN0G8r6eZlFID8dqOD5sHZXU2BT22QrOKHnI7gJ0kS37-NKl2Xht6tv1l3JBcJ5Sida | 0 | null | null | 2023-07-24 |
870 | 0 | This AI stock may be a bit overpriced, but I think the hype is right.
Company Discussion | null | 12 | 2023-06-24 | -Nvidia stock is trading at more than 200 times earnings following terrific gains this year.
-The acceleration in the chipmaker's growth should help it justify its rich valuation, and its forward P/E ratio suggests that it may not be too overpriced.
-Nvidia has impressive upside potential and could turn out to be a solid long-term pick.
This high-flying stock could be a buy even after eye-popping gains so far in 2023.
The craze around artificial intelligence (AI) has sent shares of several companies soaring this year. Nvidia ($NVDA) is one of the foremost examples of this trend -- shares of the semiconductor giant have jumped a whopping 180% so far in 2023.
This terrific rally has made shares of Nvidia very expensive as the stock is now trading at 213 times trailing earnings and 39 times sales. Those multiples are significantly higher than Nvidia's already expensive five-year average P/E of 67 and sales multiple of 18. For some more perspective, the S&P 500 has a price-to-sales ratio of 2.45 and earnings multiple of 19.
So, it is safe to say that Nvidia stock is expensive by quite some margin. However, the forward earnings multiple of 52, based on estimates, suggests that the company's earnings are on track to grow at a rapid pace. Nvidia's forward earnings ratio also suggests that the stock is only a tad overpriced when compared to its five-year average forward earnings multiple of 41.
As a result, it makes sense for investors who are looking to take advantage of the AI boom to consider buying Nvidia even after its red-hot rally. A closer look at the company's prospects will make it clear that it is indeed worth the hype.
Nvidia AI-driven growth is just getting started
The impact of AI on Nvidia's financial performance became very clear when the company released its fiscal 2024 first-quarter results last month. While revenue fell 13% year over year during the quarter that ended on April 30, to $7.2 billion, the company is estimating a 64% year-over-year jump in revenue in the current quarter, to $11 billion at the midpoint of its guidance range.
The data center business is the biggest reason Nvidia expects a solid acceleration in growth in the current quarter, as this segment is benefiting strongly from the adoption of generative AI.
On the company's latest conference call with analysts, Nvidia CFO Colette Kress said that companies are "racing to deploy" Nvidia's graphics processing units (GPUs) to meet growing AI demand. The demand for Nvidia's graphics cards is so strong that the company is reportedly struggling to keep up. Supply issues have reportedly led to a sharp jump in the prices of Nvidia's AI-capable GPUs, with the company reportedly commanding a premium of as much as 40% in China.
The impressive pricing power that Nvidia is enjoying can be attributed to the semiconductor giant's dominant position in the market for AI chips. New Street Research estimates that Nvidia controls a whopping 95% of the market for GPUs that can be deployed for machine learning in data centers. Meanwhile, HSBC estimates that Nvidia enjoys a 90% share of processors used for generative AI applications.
All this indicates that Nvidia is crushing it in the market for AI chips, and it could win big from the same in the long run as the demand for these chips is set to boom even more. Nvidia looks to be at the beginning of a massive growth curve thanks to AI, which should help the company justify its expensive valuation by helping it sustain outstanding growth in the long run.
The stock is built for more upside
Wall Street analysts expect Nvidia to sustain momentum over the next five years, which is not surprising given the huge opportunity in AI chips discussed above.
Bank of America global research analyst Vivek Arya projects that the adoption of generative AI services could help Nvidia increase its revenue at an annual pace of 25% through 2027. The company is expected to finish fiscal 2024 (which will end in January 2024) with revenue of of almost $40 billion. Assuming it does clock 25% annual revenue growth through the end of 2027 (which will coincide with its fiscal 2028), its top line could jump to nearly $100 billion at the end of the forecast period.
For comparison, Nvidia delivered $27 billion in revenue in fiscal 2023, suggesting that its revenue could nearly quadruple over a five-year period. The stock sports a five-year average sales multiple of 18. While that's rich, it wouldn't be surprising to see Nvidia maintain a similar multiple after five years given its tremendous AI opportunity.
If it keeps that multiple and has $100 billion sales, it would have a market cap of $1.8 trillion. That would be 80% higher than Nvidia's current market cap. | 2023-07-24 |
871 | 48 | Patagonia style companies | null | 64 | 2023-06-24 | I am trying to find out if there are other companies like Patagonia for a small research project I have. This is in terms of not being largely profit focussed, adopting strategies that address social concerns - in the case of Patagonia I believe it's the environment. Basically that kind of adopt a 'do well by doing good for society' mentality. The company could be private or public.
Thank you for the help. | 2023-07-24 |
872 | 0 | How do I upgrade to lv 3 option trading on robinhood?
Advice | null | 10 | 2023-06-24 | So Robinhood won't let me trade spreads cuz I'm a basic options tier. When I try to apply it says I'm not eligible cuz i don't meet the requirements. Wtf do I do to unlock spread trading?? I've tried for an entire year now and they still don't let me trade spreads! | 2023-07-24 |
873 | 29 | First republic bank related lawsuit | null | 47 comments | 2023-06-24 | Are you aware of any class action lawsuit against JP Morgan in relation to FRC/FRCB. I bought 1k in stocks after March 15. A little of $10k in losses. Current Lawsuit against FRC is for stock purchases between Jan and March 14. But I heard there is one against JP Morgan. Any information would be appreciated. | 2023-07-24 |
874 | 3 | Trade worldwide with a broker you can trust! Your capital is at risk. | https://alb.reddit.com/cr?za=p4558ajpvBwnvoWerMNxYA8EX6xrQ95EOb916xfvQt74oTkEyvx7-qc11vw-ooVTbLzIcFWlzn3cP9olusSvQJQL_kwOMPGxC-kdGYFg7rjew5NUoiN6QhG7G8WV4H0Rdy3TTvZ8-bg_M1BS9XJxic1IjqFUSIUz55WEzMvph3PfFWf7CostPhZh1qMgoo_L-G-qErS6UzrpG4nE4z731UYIcZap8cwXJo_k8KBQFyYPxAAQcz_k8PJ8yV_4gcYH239wSeKO9AVRKhw-UQrdNPA6my16dFWouVYiIi4Jqt5Ku4a9SUtpDe6DoHW-JySwxPkbRz-xtAWGJCKSgWrR_cVRnhzGSywQIS433gK4qpqGrfW4r-Lom7V5r7gJv5HLNGwRYdyD&zp=1T5okuCjlQ5dIo7qXcQOBuwmSrsspIdNCZuqkiQpV8JJ-lc0gejwQHSsuoAzxCaVETZmvVN0JFynpPCrz5ruO8bbqzcVQrip1396PUitmlETcxdpbvYW-0cNwqs2SxzqaOLpOQ4LaxF55353ue4OYkYEthGhwgPOfhwcPGCV0F54VNXCurmprQbNxHtqBl7nTR2iXCklK0KQO_og3rqexqbI-4SAo-OMueLt6LIxEslZkFXgDlVT5DolCuQBeMTGWzHJdA | 0 comments | null | null | 2023-07-24 |
875 | 80 | iRobot shares surge after UK regulator clears Amazon acquisition | null | 42 comments | 2023-06-24 | -The U.K.’s antitrust watchdog greenlit Amazon’s planned $1.7 billion acquisition of iRobot.-Amazon announced in August it would buy iRobot, which is best known for its robotic vacuum Roomba.-The Competition and Markets Authority said it determined the deal would not result in “a substantial lessening of competition” in the U.K.Amazon’s planned $1.7 billion acquisition of iRobot, the maker of Roomba vacuums, has been greenlit by Britain’s competition watchdog.The Competition and Markets Authority said it determined the deal would not result in “a substantial lessening of competition” in the U.K. The CMA opened its probe into the proposed purchase in April.iRobot’s stock surged 21% on news of the CMA’s approval. Amazon shares closed down 1%.An Amazon spokesperson told CNBC in a statement: “We’re pleased with the UK Competition and Markets Authority’s decision and are committed to supporting regulatory bodies in their work. We look forward to similar decisions from other regulators soon.”Amazon announced last year it would acquire iRobot for $1.7 billion, as part of a move to deepen its presence in the smart home. But the deal is still under review by the U.S. Federal Trade Commission, as well as European Union antitrust regulators, who opened a probe earlier this month.The CMA said it found in its review that iRobot’s market position in the U.K. is modest and that it faces significant competition from several rivals. It also determined the deal would not limit rival smart home platforms’ ability to compete and that there was no clear incentive for Amazon to favor iRobot’s products on its online store.https://www.cnbc.com/2023/06/16/irobot-shares-surge-after-uk-regulator-clears-amazon-acquisition-.html | 2023-07-24 |
876 | 451 | Analysts are a silly bunch. They revise their price targets because they don't want to get laughed at, leading people to lose money. | null | 123 comments | 2023-06-24 | I always knew this is what happens, and a money manager finally confirmed it.Some money manager talking head said that analysts revise their price targets because they don't want to look foolish or get laughed at when the current stock price passes their price target.e.g. if there's a bubble and the stock shoots to $420.69, the analysts with their original price targets at $250 hurry up and increase their price targets to $420 so that they don't look foolish. Others might announce a ridiculous $600 price target (just to 1up other analysts and look cool maybe?)And you notice what happens next? The price target is supposed to be a 12-month target. But moms/ pops bid up the stock right up to the 1 year target the same or next day! e.g. AVGO.Given enough time, this cycle of squeeze>>price target increase>>squeeze could happen a few times.Then what happens when the rug pull comes? mom/pop stuck holding the bag at a big loss.Even though the fundamentals say that $250 is a fair price, these weak analysts give in to peer pressure. I wish these clowns would grow some balls and stick to their original analysis.I also wish that the SEC would require analysts' track records to be published alongside their price target announcements, because a lot of these guys are full of shit.The info is not easy to find, but if you do find it, you discover that some of these analysts turn your $100 into $40. Terrible track records. The average investor is too easily influenced by these clowns. It's detrimental. | 2023-07-24 |
877 | 0 | Medpace (MEDP), a solid and growing company | null | 23 comments | 2023-06-24 | What do they doMedpace provides support for the drug and medical device industry. They help companies develop products from phase I all the way to phase IV in the approval process. Basically, they help companies navigate the approval process to bring new products to market.ManagementThe CEO, August Troendle, is also the founder of the company. He garnered a lot of attention last year when he bought several million dollars worth of stock when the market was down. He and other insiders own 23% of the stock. In my opinion management is very much aligned with the success of the business.Balance sheet and financialsMedpace has a pristine balance sheet. They have a total debt of $257 million, most of which is tied to physical property they own. That is less than the FCF for one year, and the company could easily pay it off if they so desired.Last year the company produced $384 million in free cash flow, or about 5.6% of its current market cap.The market cap is $6.8 billion, making it a solid mid-cap company. Return on equity is 54% and ROIC is 35%. Importantly, the ROIC has risen every year as a public company.GrowthMedpace has been a fast growing company. They’ve grown revenue by an average of 27% for the last 5 years, and EPS has grown 40% over the same timeframe. While their growth is likely to slow in future years, they are still forecast to grow revenue by 15-20% going forward, and EPS likely even more due to their share count decreasing.Medpace has also been great at growing free cash flow. FCF has grown more than 20% every year except the pandemic affected 2021. In recent years they have used FCF partly to buy back company stock. They only started buying back stock when the stock price fell in 2022, showing good capital discipline. However, since then they have reduced shares outstanding by 10%. It is unlikely that they could keep up that rate at the current stock price and free cash generation, but 2-3% annually is certainly possible.Medpace has a large backlog of business, which bodes well for the future. They currently have a backlog of $2.3 billion, which grew by 17% last year.Medpace is an interesting play on pharma. They get paid for facilitating trials, not based on them getting approved. So the more drug development that is being attempted, the more the company benefits. However, they don't have the downside risks of owning the actual pharma companies that may or may not be successful. This is a way to bet on the growth of pharma/biotech with lower amounts of risk and no ETF fees.RisksMedpace is susceptible to pullbacks in clinical trials. The low interest rate environment has seen a lot of biotech growth, as cheap funding was available. As this dries up, medpace might have fewer clients.Government changes to healthcare policy could adversely affect their business. Medpace also sights corporate consolidation in the medical sector as a possible risk.The company has also mentioned recruitment as a possible hindrance to their growth. They need to add employees to grow, but the current tight labor market has made that harder. Medpace has been increasing wages recently to help. The company has also received numerous “best place to work” awards, so they are addressing this problem to the best of their ability.ValuationDoing a DCF valuation, I used 10% as a discount rate. I estimated FCF growth of 10% annually for 10 years, and 4% as a terminal growth rate.10% is less than the historical growth rate and does not account for share repurchases. I could easily see them outperforming this, but I want to be conservative.With these figures, I arrived at a fair value of $208.75.Morningstar has a fair value of $227, being close to my more conservative estimate. As of writing the stock is trading around $220. Buying now would be a chance to buy a great company at a fair price, in my opinion.Most importantly, in my opinion, is that Medpace has a long runway of growth allowing a chance for compounding. Biotech is a new and growing industry, and medical tech in general is forecast to be a growth industry for years.On a personal note, I currently have no position in this name, though I am looking to start one. I owned this name several years ago, but sold it in early 2022 as I saw the market turning against growth stocks. I view this as one of my biggest mistakes as this is an amazing company. | 2023-07-24 |
878 | 13 | Any thought on ZIM? Cheap cyclical or value trap? | null | 30 comments | 2023-06-24 | Just read a seeking @lphA article about ZIM which takes a pretty negative view on the company (I tried to post a link to it but I guess it isn't allowed on this sub). However, the company seems to be extremely cheap right now and the company's own guidance was fairly positive in their last earnings call (from what I recall). I'm also not really looking at this from a dividend perspective since they cancelled their dividend for now, just seems like a cheap cyclical. For now I'm just selling weekly puts and making some nice premium, but I'm thinking of actually buying in at some point. Thoughts? | 2023-07-24 |
879 | 277 | I found three old Disney stock certificates. What do I do next? | null | 179 comments | 2023-06-24 | I was gifted these stock certificates when I was younger. (1999-2002) I have a total of 5 shares. I would like to transform it into electronic shares. I would also like to sell the certificate itself, I’ve been told they can be valuable. The only brokerage I have is through robin-hood. I would love some advice on how to get the most value. Thank you! | 2023-07-24 |
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