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If you owned DBGI at IB, they'd be sharing the currently 96% borrow fee with you if your shares got loaned out to short sellers .... so you could earn about 1% per week on the market value of your position. It's a nice feature at IB that's not offered at other brokers.
https://www.interactivebrokers.com/en/pricing/stock-yield-enhancement-program.php
DBGI -.49 to 3.51, your trading profits in this stock have been masterful considering the overall severe long term downtrend, but there's been plenty of volatility on the way down, so the potential for trading profits is certainly there whether long or short -
Trend Start Price Trend End Price Gain/Loss % Days in Trend
05/17/21 12750 05/20/21 7500 -41.2% 4
05/20/21 7500 05/24/21 8925 19% 3
05/24/21 8925 05/25/21 7425 -16.8% 2
05/25/21 7425 05/26/21 8375.25 12.8% 2
05/26/21 8375.25 06/01/21 7154.75 -14.6% 4
06/01/21 7154.75 06/10/21 11150 55.8% 8
06/10/21 11150 06/15/21 7900 -29.1% 4
06/15/21 7900 06/16/21 8975 13.6% 2
06/16/21 8975 06/17/21 8075 -10% 2
06/17/21 8075 06/22/21 10625 31.6% 4
06/22/21 10625 06/23/21 8875 -16.5% 2
06/23/21 8875 06/24/21 18675 110.4% 2
06/24/21 18675 06/28/21 11250 -39.8% 3
06/28/21 11250 06/29/21 18750 66.7% 2
06/29/21 18750 06/30/21 13025 -30.5% 2
06/30/21 13025 07/01/21 14674.75 12.7% 2
07/01/21 14674.75 07/07/21 10725 -26.9% 4
07/07/21 10725 07/08/21 22000 105.1% 2
07/08/21 22000 07/14/21 11525 -47.6% 5
07/14/21 11525 07/15/21 14375 24.7% 2
07/15/21 14375 07/19/21 11975 -16.7% 3
07/19/21 11975 07/20/21 13850 15.7% 2
07/20/21 13850 07/21/21 12350 -10.8% 2
07/21/21 12350 07/22/21 14625 18.4% 2
07/22/21 14625 07/23/21 12700 -13.2% 2
07/23/21 12700 07/26/21 14425 13.6% 2
07/26/21 14425 07/29/21 11500 -20.3% 4
07/29/21 11500 07/30/21 13475 17.2% 2
07/30/21 13475 08/04/21 10125 -24.9% 4
08/04/21 10125 08/11/21 12100 19.5% 6
08/11/21 12100 08/18/21 6400 -47.1% 6
08/18/21 6400 08/31/21 8100 26.6% 10
08/31/21 8100 09/20/21 5800 -28.4% 14
09/20/21 5800 09/23/21 7725 33.2% 4
09/23/21 7725 09/24/21 6275 -18.8% 2
09/24/21 6275 09/28/21 12175 94% 3
09/28/21 12175 10/06/21 6375 -47.6% 7
10/06/21 6375 10/07/21 7900 23.9% 2
10/07/21 7900 10/08/21 6650 -15.8% 2
10/08/21 6650 10/19/21 9499.75 42.9% 8
10/19/21 9499.75 10/22/21 6650 -30% 4
10/22/21 6650 10/26/21 8375 25.9% 3
10/26/21 8375 10/27/21 7275 -13.1% 2
10/27/21 7275 10/28/21 16600 128.2% 2
10/28/21 16600 10/29/21 8325 -49.8% 2
10/29/21 8325 11/01/21 10125 21.6% 2
11/01/21 10125 11/02/21 8625 -14.8% 2
11/02/21 8625 11/04/21 12175 41.2% 3
11/04/21 12175 11/09/21 8550 -29.8% 4
11/09/21 8550 11/10/21 10500 22.8% 2
11/10/21 10500 12/06/21 5225 -50.2% 18
12/06/21 5225 12/09/21 6975 33.5% 4
12/09/21 6975 12/10/21 5500 -21.1% 2
12/10/21 5500 12/15/21 6275 14.1% 4
12/15/21 6275 12/16/21 5600 -10.8% 2
12/16/21 5600 12/23/21 6450 15.2% 6
12/23/21 6450 12/30/21 5225.25 -19% 5
12/30/21 5225.25 01/05/22 6875 31.6% 5
01/05/22 6875 01/24/22 2550 -62.9% 13
01/24/22 2550 01/25/22 4025 57.8% 2
01/25/22 4025 01/28/22 2925 -27.3% 4
01/28/22 2925 02/02/22 3450 17.9% 4
02/02/22 3450 02/03/22 3075 -10.9% 2
02/03/22 3075 02/08/22 3450 12.2% 4
02/08/22 3450 02/24/22 2275.25 -34.1% 12
02/24/22 2275.25 03/07/22 5125 125.2% 8
03/07/22 5125 03/10/22 3000 -41.5% 4
03/10/22 3000 03/11/22 4975 65.8% 2
03/11/22 4975 03/15/22 3800 -23.6% 3
03/15/22 3800 03/18/22 4822.5 26.9% 4
03/18/22 4822.5 03/21/22 3949.75 -18.1% 2
03/21/22 3949.75 03/22/22 4400 11.4% 2
03/25/22 4600 03/25/22 3725 -19% 1
03/25/22 3725 03/28/22 4875 30.9% 2
03/28/22 4875 03/29/22 4000 -17.9% 2
03/29/22 4000 03/31/22 5200 30% 3
03/31/22 5200 04/05/22 3037.5 -41.6% 4
04/05/22 3037.5 04/07/22 3350 10.3% 3
04/07/22 3350 04/13/22 2650 -20.9% 5
04/13/22 2650 04/14/22 2925 10.4% 2
04/14/22 2925 04/18/22 2050 -29.9% 2
04/18/22 2050 04/20/22 2365 15.4% 3
04/20/22 2365 05/09/22 483 -79.6% 14
05/09/22 483 05/17/22 687.5 42.3% 7
05/17/22 687.5 05/25/22 400 -41.8% 7
05/25/22 400 06/02/22 519.25 29.8% 6
06/02/22 519.25 06/07/22 414.75 -20.1% 4
06/07/22 414.75 06/09/22 573.75 38.3% 3
06/09/22 573.75 06/10/22 487.75 -15% 2
06/10/22 487.75 06/13/22 564.75 15.8% 2
06/13/22 564.75 06/16/22 450 -20.3% 4
06/16/22 450 06/17/22 537.5 19.4% 2
06/17/22 537.5 06/22/22 435.75 -18.9% 3
06/22/22 435.75 06/29/22 543.75 24.8% 6
06/29/22 543.75 06/30/22 471.5 -13.3% 2
06/30/22 471.5 07/06/22 569.75 20.8% 4
07/06/22 569.75 07/11/22 489 -14.2% 4
07/11/22 489 07/12/22 555 13.5% 2
07/12/22 555 07/18/22 353.25 -36.4% 5
07/18/22 353.25 07/20/22 405 14.6% 3
07/20/22 405 07/28/22 250 -38.3% 7
07/28/22 250 08/02/22 332 32.8% 4
08/02/22 332 08/03/22 287.5 -13.4% 2
08/03/22 287.5 08/04/22 372.5 29.6% 2
08/04/22 372.5 08/08/22 325 -12.8% 3
08/08/22 325 08/15/22 476.25 46.5% 6
08/15/22 476.25 08/19/22 350.25 -26.5% 5
08/19/22 350.25 08/22/22 415.5 18.6% 2
08/22/22 415.5 08/23/22 357.5 -14% 2
08/23/22 357.5 08/25/22 420.25 17.6% 3
08/25/22 420.25 09/06/22 269.75 -35.8% 8
09/06/22 269.75 09/13/22 374.75 38.9% 6
09/13/22 374.75 09/23/22 226.25 -39.6% 9
09/23/22 226.25 09/26/22 251.25 11% 2
09/26/22 251.25 09/29/22 207.25 -17.5% 4
09/29/22 207.25 10/04/22 269.75 30.2% 4
10/04/22 269.75 10/12/22 162.5 -39.8% 7
10/12/22 162.5 10/14/22 324.5 99.7% 3
10/14/22 324.5 10/17/22 197.25 -39.2% 2
10/17/22 197.25 10/18/22 312.5 58.4% 2
10/18/22 312.5 10/19/22 200.5 -35.8% 2
10/19/22 200.5 10/21/22 320 59.6% 3
10/21/22 320 10/25/22 200 -37.5% 3
10/25/22 200 10/26/22 256.75 28.4% 2
10/26/22 256.75 10/28/22 163.25 -36.4% 3
10/28/22 163.25 10/31/22 194.75 19.3% 2
10/31/22 194.75 11/01/22 151 -22.5% 2
11/01/22 151 11/03/22 247 63.6% 3
11/03/22 247 11/09/22 84.25 -65.9% 5
11/09/22 84.25 11/10/22 154.21 83% 2
11/10/22 154.21 11/11/22 108 -30% 2
11/11/22 108 11/15/22 137 26.9% 3
11/15/22 137 11/17/22 92.47 -32.5% 3
11/17/22 92.47 11/18/22 112.5 21.7% 2
11/18/22 112.5 11/21/22 80.25 -28.7% 2
11/21/22 80.25 11/23/22 165 105.6% 3
11/23/22 165 11/25/22 131.5 -20.3% 2
11/25/22 131.5 11/28/22 234.75 78.5% 2
11/28/22 234.75 12/01/22 80.25 -65.8% 4
12/01/22 80.25 12/05/22 132 64.5% 3
12/05/22 132 12/09/22 89.25 -32.4% 5
12/09/22 89.25 12/12/22 115 28.9% 2
12/12/22 115 12/16/22 88.25 -23.3% 5
12/16/22 88.25 12/19/22 101.25 14.7% 2
12/19/22 101.25 12/20/22 90.25 -10.9% 2
12/20/22 90.25 12/23/22 118 30.7% 4
12/23/22 118 12/28/22 92.75 -21.4% 3
12/28/22 92.75 12/30/22 150 61.7% 3
12/30/22 150 01/03/23 94 -37.3% 2
01/03/23 94 01/04/23 105.5 12.2% 2
01/04/23 105.5 01/10/23 88.25 -16.4% 5
01/10/23 88.25 01/11/23 106.75 21% 2
01/11/23 106.75 01/20/23 59.5 -44.3% 7
01/20/23 59.5 01/23/23 89.5 50.4% 2
01/23/23 89.5 01/25/23 63.5 -29.1% 3
01/25/23 63.5 01/30/23 87 37% 4
01/30/23 87 02/01/23 68 -21.8% 3
02/01/23 68 02/06/23 85 25% 4
02/06/23 85 02/15/23 53.75 -36.8% 8
02/15/23 53.75 02/16/23 60.5 12.6% 2
02/16/23 60.5 02/27/23 33.75 -44.2% 7
02/27/23 33.75 02/28/23 42 24.4% 2
02/28/23 42 03/02/23 31.25 -25.6% 3
03/02/23 31.25 03/03/23 39.5 26.4% 2
03/03/23 39.5 03/08/23 29.75 -24.7% 4
03/08/23 29.75 03/09/23 41 37.8% 2
03/09/23 41 03/15/23 29.25 -28.7% 5
03/15/23 29.25 03/16/23 33.25 13.7% 2
03/16/23 33.25 03/21/23 27.75 -16.5% 4
03/21/23 27.75 03/30/23 38.75 39.6% 8
03/30/23 38.75 04/03/23 31 -20% 3
04/03/23 31 04/04/23 34.25 10.5% 2
04/04/23 34.25 04/06/23 30 -12.4% 3
04/06/23 30 04/10/23 33.18 10.6% 2
04/12/23 33.25 04/12/23 27.75 -16.5% 1
04/12/23 27.75 04/13/23 36.13 30.2% 2
04/13/23 36.13 04/14/23 31.25 -13.5% 2
04/14/23 31.25 04/17/23 39 24.8% 2
04/17/23 39 05/02/23 17.88 -54.2% 12
05/02/23 17.88 05/08/23 33.5 87.4% 5
05/08/23 33.5 05/09/23 24.2 -27.8% 2
05/09/23 24.2 05/10/23 27.5 13.6% 2
05/10/23 27.5 05/15/23 21.69 -21.1% 4
05/15/23 21.69 05/16/23 25.25 16.4% 2
05/16/23 25.25 05/17/23 22.26 -11.8% 2
05/22/23 21.24 05/22/23 26.5 24.8% 1
05/22/23 26.5 05/24/23 18.25 -31.1% 3
05/24/23 18.25 05/26/23 20.52 12.4% 3
05/26/23 20.52 05/30/23 17.04 -17% 2
05/30/23 17.04 06/06/23 19.85 16.5% 6
06/06/23 19.85 06/09/23 14.5 -27% 4
06/09/23 14.5 06/16/23 18.75 29.3% 6
06/16/23 18.75 06/23/23 16.45 -12.3% 5
06/23/23 16.45 06/26/23 18.5 12.5% 2
06/26/23 18.5 06/28/23 14.77 -20.2% 3
06/28/23 14.77 06/30/23 17.22 16.6% 3
06/30/23 17.22 07/06/23 15 -12.9% 4
07/06/23 15 07/12/23 17.42 16.1% 5
07/12/23 17.42 07/19/23 14.02 -19.5% 6
07/19/23 14.02 07/20/23 15.74 12.3% 2
07/20/23 15.74 08/09/23 8.75 -44.4% 15
08/09/23 8.75 08/10/23 9.81 12.1% 2
08/10/23 9.81 08/11/23 8.78 -10.5% 2
08/11/23 8.78 08/14/23 11.11 26.5% 2
08/14/23 11.11 08/15/23 9.51 -14.4% 2
08/15/23 9.51 08/16/23 24.75 160.3% 2
08/16/23 24.75 08/18/23 12.52 -49.4% 3
08/18/23 12.52 08/21/23 21 67.7% 2
08/21/23 21 08/28/23 7.34 -65% 6
08/28/23 7.34 08/30/23 15.91 116.8% 3
08/30/23 15.91 08/31/23 9.64 -39.4% 2
08/31/23 9.64 09/05/23 23.72 146.1% 3
09/05/23 23.72 09/12/23 9.79 -58.7% 6
09/12/23 9.79 09/14/23 12.01 22.7% 3
09/14/23 12.01 09/19/23 8.9 -25.9% 4
09/19/23 8.9 09/20/23 10.26 15.3% 2
09/20/23 10.26 09/26/23 7.75 -24.5% 5
09/26/23 7.75 09/29/23 9.09 17.3% 4
09/29/23 9.09 10/09/23 7.47 -17.8% 7
10/09/23 7.47 10/10/23 8.38 12.2% 2
10/10/23 8.38 10/16/23 5.33 -36.4% 5
10/16/23 5.33 10/17/23 6.28 17.8% 2
10/17/23 6.28 10/20/23 4.73 -24.7% 4
10/20/23 4.73 10/23/23 5.58 18% 2
10/23/23 5.58 10/27/23 3.8 -31.9% 5
10/27/23 3.8 11/02/23 4.92 29.5% 5
11/06/23 7.04 11/10/23 3.6 -48.9% 5
11/10/23 3.6 11/14/23 5.09 41.4% 3
11/14/23 5.09 11/15/23 3.4 -33.2% 2
11/15/23 3.4 11/16/23 3.81 12.1% 2
11/16/23 3.81 11/17/23 3.3 -13.4% 2
11/17/23 3.3 11/20/23 3.71 12.4% 2
11/20/23 3.71 11/29/23 2.98 -19.7% 7
11/29/23 2.98 11/30/23 4.27 43.3% 2
11/30/23 4.27 12/01/23 3.06 -28.3% 2
12/01/23 3.06 12/08/23 4.76 55.6% 6
12/08/23 4.76 12/11/23 4.14 -13% 2
12/11/23 4.14 12/12/23 5.55 34.1% 2
12/12/23 5.55 12/20/23 3.37 -39.3% 7
12/20/23 3.37 12/21/23 3.94 16.9% 2
12/21/23 3.94 12/27/23 3.11 -21.1% 4
12/29/23 2.79 12/29/23 3.69 32.3% 1
12/29/23 3.69 01/04/24 2.55 -30.9% 4
01/04/24 2.55 01/10/24 3.58 40.4% 5
01/10/24 3.58 01/22/24 2.3 -35.8% 8
01/22/24 2.3 01/23/24 2.81 22.2% 2
01/23/24 2.81 01/29/24 2.36 -16% 5
01/31/24 2.35 02/07/24 2.9 23.4% 6
02/07/24 2.9 02/09/24 2.55 -12.1% 3
02/09/24 2.55 02/13/24 12.8 402% 3
02/13/24 12.8 02/15/24 4.06 -68.3% 3
02/15/24 4.06 02/16/24 5.45 34.2% 2
02/16/24 5.45 02/21/24 4.44 -18.5% 3
02/21/24 4.44 02/22/24 5.2 17.1% 2
02/22/24 5.2 02/23/24 4.21 -19% 2
02/23/24 4.21 02/26/24 4.93 17.1% 2
02/26/24 4.93 02/29/24 4 -18.9% 4
02/29/24 4 03/01/24 4.46 11.5% 2
03/01/24 4.46 03/15/24 3.11 -30.3% 11
03/15/24 3.11 03/20/24 3.95 27% 4
03/20/24 3.95 03/22/24 3.39 -14.2% 3
03/22/24 3.39 03/28/24 4.37 28.9% 5
03/28/24 4.37 04/02/24 3.76 -14% 3
04/02/24 3.76 04/08/24 4.85 29% 5
04/08/24 4.85 04/11/24 3.65 -24.7% 4
04/11/24 3.65 04/12/24 4.64 27.1% 2
04/12/24 4.64 04/15/24 3.82 -17.7% 2
The Russell 2000 is lagging the S&P500 by a whopping 9% YTD as of yesterday's close and the S&P Small Cap 600 is doing even worse -
TKR % Change Cur Price Start Price
$NYFANG 13% 9862.81 8716.33
$RLG 8% 3291.8 3051.68
$SPX 6% 5061.82 4769.83
$COMP 6% 15885.02 15011.35
$NDX 5% 17706.83 16825.93
$RLV 3% 1680.92 1629.42
$MID 3% 2868.88 2781.54
$SPXEW 2% 6512.03 6402.89
$DJI 0% 37735.11 37689.54
$W5KMIC -1% 13243.58 13358.71
$RUT -3% 1975.71 2027.07
$DJT -3% 15388.34 15898.85
$RUMIC -3% 706.76 731.01
$DJU -4% 848.76 881.67
$SML -5% 1258.69 1318.26
DJT -5.64 to 26.95, I would imagine that those with an outrageously low cost basis of $0.01 are itching to sell but restricted by lock up agreements as Trump himself is .... anyone who somehow found shares to short over the past few weeks has done extremely well despite the sky high borrow rate. PUT holders are likewise showing nice profits despite the huge premiums. DJT hit $79+ just 3 weeks ago.
CUBI -3.39 to 45.63 after replacing CFO. The former CFO was fired for "cause". No reason given, but hopefully not due to any financial misrepresentations or other shenanigans.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1488813/000148881324000016/cubi-20240410.htm
A 3% gap between current mortgage rates and existing mortgages is suppressing home sales -
https://www.nytimes.com/2024/04/15/upshot/mortgage-rates-homes-stuck.html
Between 1998 and 2020, there was never a time when more than 40 percent of American mortgage holders had locked-in rates more than one percentage point below market conditions. By the end of 2023, as the chart below shows, about 70 percent of all mortgage holders had rates more than three percentage points below what the market would offer them if they tried to take out a new loan.
BTC - bitcoin halving will hurt miners -
https://fortune.com/2024/04/14/bitcoin-halving-crypto-mining-10-billion-lost-revenue-btc-price-outlook/
S&P -77 to 5121, today's selloff is partly due to growing middle east tensions and concerns about an imminent retaliatory attack by Iran against Israel.
GERN -.08 to 3.69 after hitting $4.05 this morning, a 6 year high .... nice action but the $4 level evidently triggered a lot of profit taking and the broader market selloff didn't help either ....
The Russell 2000 is really taking a beating today after the CPI report .... down 3% versus down 1% for the S&P500.
Loads of red on my screen.
S&P500 Futures down 69 after a hotter than expected CPI report -
CNBC -
The consumer price index accelerated at a faster than expected pace in March, pushing inflation higher and likely keeping the Federal Reserve on hold with interest rates.
The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage point higher than in February. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level.
Excluding volatile food and energy components, core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared to respective estimates for 0.3% and 3.7%.
GREE (3.49) Q4 earnings are out. EPS of $0.36, but the 10K shows a big gain from the sale of assets, not mentioned in the press release. So these results are clearly not sustainable as we expected when they pre-announced.
GTEC - nice to see the delivery and the Baltimore bridge channel is already open to smaller vessels. I look forward to seeing the earnings report.
INMD -1.05 to 18.74, it was a disappointing quarter, but I think the stock has a decent chance for a rebound over the long term. I'm holding but writing covered calls against my entire position. Partly the weakness is due to product transition -
PR -
It is important to highlight that 2024 is the initial launch year for InMode's new platforms. Consequently, there is a transition phase involving pre-orders that may not be fully represented in the quarterly results. This transition period may span a couple of quarters until all sold platforms are comprised of the new platforms.
I've had an IB account for well over a decade .... it's just a secondary account for me but has many features not offered by other brokers. Primarily I use it for commodity futures options trading, mostly NG, which has been very profitable for me. Also they allow GTC orders for shorting of pinksheets. My short in OPTT has been nicely profitable. They also offer shorting of hard to borrow securities, albeit at heft interest rates. Recently they began offering 24 hour trading in 10,000 stocks, although overnight liquidity is minimal -
https://seekingalpha.com/news/3990596-interactive-brokers-expands-overnight-trading-hours-to-over-10000-stocks-etfs
PERI -8.01 to 13.10 in pre-market after slashing 2024 guidance due to pricing changes on Microsoft Bing - revenue guidance cut by 19% and adj EBITDA cut by a whopping 53%. Ouch.
https://finance.yahoo.com/news/perion-network-announces-preliminary-q1-100000888.html
IMND - good point, I was not aware of the selloff in the Israeli exchange over the past few days. It could be an indirect factor in the stock's weakness.
AESI - congrats on still holding, I should have held on longer, but would buy back on a dip .... the energy sector is having a good year thank to rising crude oil prices, now $87.44/bbl, up 23% from 71.33 at the start of the year. However NG prices have plunged due the warm winter, now at $1.81/mcf down 28% from 2.50 YTD.
My small cap oil stocks are doing well YTD -
TKR % Change Cur Price Start Price
REI 37% 2 1.46
VTLE 20% 54.71 45.49
SBOW 17% 33.92 29.08
NOG 10% 40.75 37.07
AVERAGE RETURN = 21%
S&P500 +61 to 5208, I thought this morning's strong jobs report might shake the market, but instead we get a big rally despite the ever diminishing chances of a FED rate cut by summer ....
briefing -
Nonfarm payrolls increased by 303,000 in March (Briefing.com consensus 200,000) following a revised increase of 270,000 in February (from 275,000). Nonfarm private payrolls rose by 232,000 in March (Briefing.com consensus 160,000) following a revised increase of 207,000 in February (from 223,000).
The unemployment rate fell to 3.8% in March (Briefing.com consensus 3.8%) from 3.9% in February.
Average hourly earnings increased by 0.3% in March (Briefing.com consensus 0.3%) following a revised 0.2% increase in February (from 0.1%). The average workweek rose to 34.4 hours in March (Briefing.com consensus 34.3) from 34.3 hours in February.
INMD (19.83) typically provides preliminary figures for a completed quarter on around the 12th of the following month, so we should be getting the update within a week or so .... hopefully the recent weakness in the stock does not presage a disappointing quarter.
Briefing - S&P dropping towards lows of the day following comment from Minneapolis Fed President Neel Kashkari (not a voting FOMC member) that it's possible Fed might not cut rates this year if inflation decline stalls.
S&P500 +37 to 5248, this nonstop market rally is amazing. I'd welcome a 10% correction. Maybe the upcoming earnings season will put a damper on the rally ? We shall see. The big banks start reporting next week after which the flood of earnings reports begins.
There are a lot of low PE small cap stocks in the energy sector, but they always get low valuations and most have rallied significantly over the past few months along with the rise in crude oil prices. Just a few weeks ago I posted about REI at $1.54 .... it still looks cheap now at $2.09, but is it still a good buy after the quick 35% gain ? Possibly, but I'm not so sure. Nonetheless, I'm still holding all my shares.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173999591&txt2find=rei
CL, NG
NatGas prices were recently at all time inflation adjusted lows due to a supply glut. Crude oil prices are being supported by geopolitical tensions which will hopefully diminish in the coming year. I question whether drilling activity will be very robust this year.
Latest report from Baker Hughes -
U.S. Rig Count is down 134 rigs from last year's count of 758 with oil rigs down 84, gas rigs down 50 and miscellaneous unchanged.
NG, CL
Wade - at last report your IHUB portfolio is up 30% YTD and 241% in the past 2+ years, yet you're happy to have been in 95% cash since then ??? That makes no sense whatsoever. I'd be very UNHAPPY to be in cash rather than up 241%. It's never a gamble to be invested if one takes a long term view as I do. If I had constantly been trying to time the market over the past 40 years I'd have a MUCH lower net worth than I do now. I'm always invested, never over 25% cash equivalent.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174138603
CNXC -2.48 to 58.98, making new lows .... I don't know what's behind the weakness and added a few shares .... however there were some price target cuts and a downgrade after the earnings -
fly 3/27 -
Concentrix price target lowered to $84 from $121 at Barrington
Barrington lowered the firm's price target on Concentrix to $84 from $121 and keeps an Outperform rating on the shares following the fiscal Q1 report. The reduced target is due to being conservative given increased business risk, the analyst tells investors in a research note. The firm believes the Webhelp acquisition should represent meaningful cross-selling opportunities and views Concentrix shares as undervalued.
Concentrix downgraded to Underperform at BofA on lack of near-term catalyst
As previously reported, BofA analyst Ruplu Bhattacharya downgraded Concentrix to Underperform from Neutral with a price target of $60, down from $85, as the firm lowered its FY24 revenue and EPS estimates to the lower half of the guidance range, versus the prior midpoint of guidance, following the company's Q1 report and guidance. While the firm says the valuation "appears attractive," it sees the demand environment remaining relatively weak and does not see a meaningful catalyst in the near-term.
GE +8 to 144, a great day for the stock ..... the market likes the split up -
briefing -
At the company's Investor Day in March, GE Aerospace reaffirmed its 2024 guidance and presented a longer-term financial outlook, including expecting to achieve ~$10 billion of operating profit* in 2028. Additionally, GE Aerospace shared a capital allocation framework to invest in growth and innovation, while also returning approximately 70-75% of available funds to shareholders.
S&P500 +18 to 5224, well I guess that brutal two day 1.5% correction is over, lol.
JAZZ operating income peaked in 2018 at $614M and was $578M last year. Of course if you want to back out amortization of intangibles and give them a free ride on drug development failures, acquisitions, etc, the financials look better, but the market may not see it that way.
JAZZ (117) looks cheap on a PE basis but the company has lots of debt and Q4 product sales were flat y/y although royalty revenue helped total revenue. I think a lot depends upon their new drug pipeline. If they have some successful new drugs, the stock is undervalued, but otherwise they may struggle to grow revenues as in Q4. Also the stock is basically unchanged over the past decade, badly underperforming the broader market. Maybe that will change in the future, but it's a poor track record. It may be a better stock to trade than hold. I'll be interested in seeing the Q1 results in early May.
WBA -.82 to 18.72, really breaking down technically. My covered call strategy isn't looking good at this point. Of course the market selloff isn't helping. I'll let you know how it plays out.
GE is now 3 stocks .... GE, GEV and GEHC (GE Healthcare was spun off in Jan 2023) ..... I don't follow them but added them to my watchlist. I'm curious to see the analyst estimates when they get published.
DJT 10K had a going concern clause, but maybe Trump supporters will be willing to snap up new shares offered through a capital raise ?
10K, note 1 -
The Company lacks the financial resources it needs to sustain operations for a reasonable period of time, which is considered to be one year from the date of the issuance of the financial statements. As a result, these factors raise substantial doubt about the Company’s ability to continue as a going concern.
DJT +3.59 to 52.25, the borrow rate to go short is currently an astronomic 727% at IB, yet there are no shares available ..... evidently there's loads of demand to short this grossly overvalued stock even at 727% ! PUTs are also available at very high premiums.
DRCT -1.21 to 13.10, unfortunately I covered at a small loss when the stock rallied, but put in GTC orders to short at higher prices. Those orders never got filled. I didn't want to pay about $0.30 per share per week to stay short, but it would have worked out ..... hindsight perfect as usual.
TSLA -10 to 165, the delivery number was even worse than analysts expected, down 8% y/y despite all the price cuts. It will be interesting to see the Q1 earnings on 4/23. The PE is now 57 based on the FY24 estimate for EPS of $2.91. That's rather expensive considering all the challenges facing the company.
https://www.wsj.com/business/autos/teslas-first-quarter-vehicle-sales-fell-as-ev-market-cools-45bad95f?st=ef10em8dmrqjyju&reflink=desktopwebshare_permalink
The market strength throughout Q1 was surprising given the decreasing likelihood of even 2 or 3 rate cuts this year, let alone 6. Now zero rate cuts is coming into play.
S&P futures down 21 .... maybe sentiment changed with the start of the 2nd quarter and we're finally going to get a minor correction. We haven't had so much as a 2% dip in quite awhile. A pullback is long overdue.
WBA - I picked up a very small starter position today and wrote the weekly covered calls against it .... premiums are pretty good for a stock like this so I hope to steadily bring down my cost basis by rolling over the calls each week. WBA Feb Q2 was solid with adj EPS of $1.20, but for 6 months it was $1.86, so the guidance implies EPS of just $1.41 midpoint for the 2nd half. Maybe they're being conservative ? But this stock has been in a downward spiral for the last decade and maybe it's still just a value trap with a forward PE of 6.
Ironically they've spent billions of dollars buying back shares at much higher prices over the past decade. The money would have been better applied by reducing debt. Very remindful of BBBY (Bed Bath and Beyond). They spent a ton of money buying back shares and then went bankrupt because they couldn't service the debt. LOL
WBA -1.77 to 19.92, last week reported solid Feb Q2 earnings but mildly disappointing guidance. Dividend yield is 5% (but maybe it will get cut again) and the PE based on Aug FY24 guidance is barely over 6. The chart shows technical support at around $20. You were wise to sell at $29 last June. Any interest at this price level ?
briefing -
Walgreens Boots Alliance beats by $0.38, beats on revs; guides FY24 EPS in-line (21.02 ) :
Reports Q2 (Feb) earnings of $1.20 per share, excluding non-recurring items, $0.38 better than the FactSet Consensus of $0.82; revenues rose 6.3% year/year to $37.05 bln vs the $35.86 bln FactSet Consensus.
The U.S. Retail Pharmacy segment had second quarter sales of $28.9 billion, an increase of 4.7 percent from the year-ago quarter. Comparable sales increased 4.8 percent from the year-ago quarter.
Pharmacy sales increased 8.2 percent compared to the year-ago quarter. Comparable pharmacy sales increased 8.7 percent in the quarter compared to the year-ago quarter, benefiting from higher branded drug inflation and strong execution in pharmacy services. Comparable prescriptions filled in the second quarter, adjusted to 30-day equivalents increased 2.7 percent from the year-ago quarter while comparable prescriptions excluding immunizations increased 2.9 percent. Total prescriptions filled in the quarter, including immunizations, adjusted to 30-day equivalents was 305.7 million, an increase of 2.6 percent versus the prior year quarter.
Retail sales decreased 4.5 percent and comparable retail sales decreased 4.3 percent compared with the year-ago quarter, reflecting a challenging retail environment, channel shift, and a weaker respiratory season, including a 170 basis point impact from lower seasonal and general merchandise sales, a 90 basis point direct impact from softer cold cough flu trends, and a 40 basis point impact from adverse January weather.
Co issues in-line guidance for FY24, sees EPS of $3.20-3.35 vs. $3.24 FactSet Consensus.