What justified a 34 PE? They don’t have a lot of growth ahead of them, they don’t have a product that is growing or gaining market share, they only get growth at this point if there is growth in ad spend across the industry.
The VR stuff hasn’t been proven yet, will need a ton of cash before it gains enough traction to make any reasonable returns. It may take years before it starts paying off. With significant risk as it is a very expensive bet to develo
Oil prices jumped on Thursday, with U.S. crude topping $90 a barrel, as expectations of a tighter supply grew.
West Texas Intermediate crude (WTI) gained 1.6% to $90.04 per barrel, hitting its highest level since November 2022. Brent crude was up 1.5%, at $93.23, reaching a 10-month high.
Saudi Arabia and Russia have extended their oil output cuts to the end of 2023, and the move could result in a substantial market deficit for the rest of 2023, th
Unlike the Fed and ECB, the People’s Bank of China is in an easing cycle already. This week it cut the amount of cash lenders must hold in reserve for the second time this year, a move that will help banks support government spending and Beijing’s broader effort to stoke economic growth.
Policy easing is putting pressure on the yuan, which sank to a 16-year low earlier this month. But the PBOC is working hard to push back against the depreciation. It has
He says that the computers remaining on their trucks will have more zonal functions. Less parts means shorter assembly times and less cost, which means more cars to sell, which are really popular.
"The best part is no part and the less parts the better." -Elon Musk
https://techcrunch.com/2023/09/14/rivian-ceos-plan-to-make-evs-che
Looks like the strike has begun. https://abc7chicago.com/amp/uaw-negotiations-2023-update-strike-united-auto-workers-stellantis/13781483/ Based on analyst estimates this will be a lose-lose situation for GM and Ford. If strike continues on for a long time , the automakers will lose money due to low production numbers and if they give in to union
Is there a "standard" % drop below the 200 day moving average that is often used as a buy signal for an equity? For mid to long term trading.
I have a new watch list I'm using that has a 200 day moving average %. I didn't know if 10% below is a safe buy signal, 20%, etc. or if there is an industry standard?
Same thing for a sell signal.
With IPO’s back in the news (CAVA, ARM, INSTA CART) think this will be a fun discussion.
I’m always reading here that IPO stand for “it’s always overpriced” or that “we all know IPO’s are just a cash grab” but technically every company must start with an IPO and many of these stocks have provided tremendous returns over the year (obviously many more have not). What goes into your decision and when do you decide it is a good time to enter a position?
Did really well this past year at work and have been able to put aside approx 60k for investing. Looking to do some long term investing. Not into options and day trading.
Over the past month I’ve been researching certain sectors and watching the markets a little bit to ease myself in before making any big decisions. As of right now I don’t see a lot of deals in tech so my initial strategy is this:
-20% of my portfolio in bank stocks like BMO and s
I just don't get. Everywhere I look I hear 'Invest into ASML, its definitely undervalued, it will go up soon. Don't mind the short roll backs, it will pick up really quick'.
No, it doesnt...It just keeps rolling backwards. Despite really strong data all across its balance sheet & portfolio. I don't get it. Should I sell? This is so discouraging...
You guys have been incredible with advice and have moved pretty much to indexes.
I have a few losers left in the account and was just wondering what you guys think if I should leave as yolo plays or move funds into Indexes as well. 600 shares of JMIA, BB and SOFI and UWMC.
Im not worried about bagholding them but my only worry is JMIA since African countries and pretty much 90% corrupt and purchasing power of general public is super weak. Avg salar