OT: Stock and Investment Thread
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Here is the article. Not sure they are asking the miners to do anything.
FYI - Damn, see ETH this morning? I just looked. New all time high, with BTC stuck in the mud!
Does appear to be a rotation within the crypto's.FYI - Damn, see ETH this morning? I just looked. New all time high, with BTC stuck in the mud!
I've been waiting for Hive to follow ETH's lead, but it just wants to follow BTC.
Please point out the section I’m missing. Here is a good section:
With investments in everything from Coinbase Global Inc. to Bitcoin, ARK has a clear profit motive in promoting the green credentials of crypto and its view isn’t widely accepted by other researchers. Citigroup Inc. recently said Bitcoin’s power consumption has jumped 66-fold since 2015, and BCA Research Inc. said environmental worries were likely to erode the token’s value over time.
AT&T had a killer quarter by all measures. I’m sure that clown Craig Moffett will find some way to put a negative spin on it. I’ve always said that if AT&T HQ was still in NY/NJ the stock would be $40. The AT&T Investor Relations folks have been sideways with the analyst community for years. The joke was always that VZ must be paying for more lunches at Peter Luger’s because they always seem to escape the wrath of MoffettNathanson.
AT&T is the textbook value trap. Someone on CNBC last week talked about T as being just like a bond. Projected growth is anemic, so all you have is the dividend (which can still be attractive in certain circumstances).
Nah, go look at the numbers. Kicked VZ’s *** and executed in key areas of the business. I’m not recommending that anyone run out and buy the stock, but with the June launch of the AVOD version of HBO Max and upcoming international launch there could be upside ahead, especially if the market slumps and folks are looking for a safe haven.
They better beat them! I think growth projections for the next 12 months is only 1-2%. This was mentioned on CNBC (not sure if this is T projections or an analyst's projections). I will try to find a video clip.
MS FMV is $36.
Look at T's year range:
26.35 – 33.24
That is ultra tight, especially during the past 12 months.
In Q1, they had revenues of $44B and free-cash flow of $5.9B. I’m not positioning T as the next Alphabet, but 1-2% on those numbers are meaningful.
1-2% = crap
That's why the stock has been stuck in the mud for the past 12 months (during a boom market).
ya it doesn't matter what the baseline is, 1-2% growth is going to lead to a stagnant stock price.
Now they do make a lot of money and they pay a high dividend, so they are a safe play, especially if you think the market could take a down turn. The could also beat projections and actually grow at a higher rate, but 1-2% growth is not impressive no matter how you slice it.
You are missing the point. AT&T reported a great quarter, which surprised many including Kramer. It may not be the right stock for everyone’s portfolio, but could be turning the corner.
She's not far fetched. Think outside the box here. We're not too far away from seeing major energy producers getting into mining. You'll begin to see more energy providers use emissions and convert to energy to mine
consolidation and india chinese virus numbers going up. xom will be dependent upon virus data, vaccinations, opening of economy and drawdown of gas supplies. All one has to do is open their eyes to see the amount of cars on the road or bookings for air travel. The numbers support both of those and we are close to pre-pandamic numbers not to mention the price of oil is considerably higher on avg than this year reporting time during chinese virus start. The unseasonable cold weather impacted as well. Earnings are coming up so should be interesting but oil will be 80+ at some point this year
sos for mining. Actually has more mining hash rate and rigs than MARA. hit with Hindenburg report (same thing for MARA if you recall) but that is going away. At this level is kind of foolish not to play this given the mining machines (most of any miner), cash on hand and forward look on crypto.
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Democrats trying to derail any future of America with the cap gains mention by Biden just now. Over the past decade we've seen them throw out some nonsecial stuff and then see it partically implemented so taking this seriously. Commodities are the play, good luck
Perhaps the biggest joke is that the antiquated AMT and BS carried interest loophole have never been addressed but now they are shooting for higher cap gains taxes?
I’ve heard conspiracy theories that the only reason the Fed has let the stock market run wild was to set the stage for a capital gains assault such as this. Same goes for crypto - allow it to run hot and then let the IRS go to town with record audits. All I can say is that Biden is playing with fire.
Definitely won't get past the Senate. Manchin and several other moderate Dems are a hard no. Still a stupid idea by Biden even to float it!
Hate to even get into the politics here but...
But like the corporate tax, I think Biden set a level fully knowing it would be negotiated down, or perhaps up in this case, as per the $1 mil level.
Now do I think CEO billionaire's like Bezo's and Musk whose wealth was almost wholly made holding company stocks(while the companies themselves pay very little tax) should see a rise in capital gains tax rate? Yeah I do.
But remember one thing, Biden is trying to use the cap gains tax increase to fund other ideas. Cap gains is the WORST tax to try to do this with. Why? Cap gains taxes are discretionary, as in, if you don't what to pay the taxes, don't sell the investments. Projected revenue from cap gain increases is always unrealistic.
No one holds onto investments just because they don't want to pay taxes. If I think a stock has peaked and have high degree of convictions that it go down 30-40%, I will gladly pay taxes on the capital gains even if it is 39.6%.
But it changes your levels though no? Maybe at a lower tax rate you're willing to sell at a 20% gain, not so much at a 40% rate.
In fact, if the capital gains tax hike passes, you will almost certainly see a sell off in the market. That would be a situation you like to call "artificial sell-off". It will create a tremendous buying opportunity. In a way, you should be routing for increase in capital gains. The same would unfold if there was regulation and crack down on taxes with cryptocurrency regulation/taxes.
Not as much as you would think. Remember, only the profits are taxed, not the entire investment. There will also be a likely threshold before the higher tax kicks in. I would be surprised if a capital gain of $100,000 would result in higher tax.
And not to get political, but the republican party is unfortunately no longer fiscally conservative and is more of a populist party. Taxing millionaires would be a hit with the base, just like the stimulus bill.