OT: Stock and Investment Thread
- Thread starter RU05
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For the stock market today - very important. However, these monthly reports can have a lot of variability, so folks tend to initially freak the eff out and then calm down later in the day, week, etc.
Kind of like value stocks.
I'm watching to see what's going on with China. Wondering if they now feel that Chinese stocks can raise capital and/or go public without the US. Along with their aggressive actions on many other fronts, is this one more step on their move to become the dominant world economy? Perhaps relying on a submissive Europe for foreign capital investment, like their soon to be beholden status to Putin for natural gas.
I didn’t know what was going on with Chinese stocks but government started to fine the Tech companies for 22 mergers not reported in the past.
BABA is either at a buy point or close to one. I will see in the next few days.
AMZN killing it up $51
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I haven’t been keeping up with the news since I haven’t been investing in Chinese stocks. Same kind of sh**t people in US complaining about with FB and GOOG Using personal information. Just stay away from the Chinese stocks but this will be an opportunity if you’re willing to wait.
On Sunday, July 4, 2021, DiDi reported that the CAC ordered smartphone app stores to stop offering the 'DiDi Chuxing' app because it 'collect[ed] personal information in violation of relevant PRC laws and regulations.' Though users who previously downloaded the app could continue to use it, DiDi stated that 'the app takedown may have an adverse impact on its revenue in China.'
Holding for today and will see about tomorrow. I'm a little confused with some of the market metrics, so that means for me to chill. One thing that I need to do to top off my ARKF position in two of my accounts. Very small positions, but wanted to get some fintech exposure and this was the best etf option. I'll buy if it goes below $50. I started buying this on the May dip, so my CB is really nice.
This is a problem for all EVs going forward.
Supposedly they did advise DIDI to delay the IPO. Which doesn't put the Chinese Gov't in a better light. But it put's DIDI in a worse one.
I sold BIDU the other day. Sold BABA today.
Both will likely bounce in the near term, but so will a bunch of US stocks which took a dive the last couple days, so whatever.
It is unfortunate, especially in terms of BABA, because it makes a ton of money, trades a cheap multiple and is expected to grow at at a very good rate in the next couple years.
BABA's Morningstar FMV is freaking $313. Everyone should be buying the hell of out it under $200, but you just can't due to the Chinese gov. Sad, but true.
At this point, I don’t think you can use FMV or anyone’s price estimate with the Chinese companies. The government has fundamentally changed these companies. Any earnings moving forward are impossible to estimate.
I bought the rest of my SOFI aliquot this morning at $16.2.
ICE cars are more more likely to catch fire than EVs.
This is the 2nd time a Chevy Bolt has caught fire while parked and charging. This 2nd incident was after a software update that was supposed to fix the thermal runaway issue.
The Tesla fire is still under investigation. No news if the vehicle was in an accident/damaged prior to the fire. We do know the owner of the Tesla works for a large investment firm and hired 2 separate lawyers for a case where there were no injuries. Seems fishy.
Anything with battery and extreme heat creates that possibility. Look at cellphones as an example. It’s a rare problem but great headlines for the press.
Tesla Energy, Brookfield and Dacra Announce the Development of Large-Scale Sustainable Neighborhood in Austin, Texas
I added as well.
I didn't want to increase my position, but I bought originally at around $21, so I'm down significantly on that, felt I had to add to bring down my average cost.
This secondary add I see more as a trading position, while my original will be my core.
Ya, real nice bounce for materials.Fun day to wrap up the week.
Lithium, steel, aluminum and copper were top 4 on my leader board.
I'm still pretty heavy here, hoping the correction in the space is over and we get a run into fall.
And it ends the week at 1.356%.
And that 1.35 level is it's 50 day, not it's 200 day as I said above. The 200 day was right about that level it bounced off of at 1.25ish.
On SoFi:
Launching Coverage of SoFi With No Economic Moat, Positive Moat Trend, and a $20.50 FVE
Equity Analyst
Updated Jun 15, 2021
We are initiating coverage of SoFi Technologies with a $20.50 per share fair value estimate, no-moat rating, and a positive moat trend. We consider the stock fairly valued based on the $20.80 stock price as of June 15 and recommend that investors wait for a margin of safety before getting into the name. The stock trades at a premium, over 17.5 times our 2021 revenue estimate, due to substantial growth expectations for the firm.
In our view, SoFi has found an unfilled product need in the marketplace. SoFi uses its mobile app and website to target young, high-income individuals that may be underserved by traditional full-service banks. Unlike other digital banking companies, which generally have limited product offerings, SoFi offers a full suite of financial services and products that includes everything from student loans to estate planning, positioning the company as a digital one-stop shop for financial services. While the breadth of SoFi’s product offerings is impressive, the company has used partnerships to speed up deployment of new products. As a result, SoFi faces the risk that a rival firm could use a similar methodology to replicate its model, hence our no-moat rating. However, for now SoFi has been able to use its first mover advantage and substantial reward spending to drive rapid growth.
We expect SoFi to continue to enjoy high top-line growth as the company benefits from new product launches and increased consumer adoption of digital banking services. The company saw its client growth accelerate in 2020, with more than 2.2 million members on its platform by the end of the first quarter of 2021. We project revenue to grow at a 43% five-year CAGR to just under $3.5 billion by 2025. We also expect the company to achieve profitability by 2023 as the firm achieves larger scale relative to its fixed costs and benefits from cost of acquisition efficiencies from cross-selling opportunities in its user base.
And as Keynes changed his mind as the facts changed so will Insana. If all the assumptions he set out in the article turn out to be fact he's right. But that's lot less government spending than most assume. We'll see.
June inflation data tomorrow. The expectation game begins!