Daily Advice Thread - All basic help or advice questions must be posted here. Investing |
- Daily Advice Thread - All basic help or advice questions must be posted here.
- If you bought QQQ right at the peak of the Dotcom Bubble (March 27, 2001), you will have broken out of red by July 2014, and would have caught up with SPY right about now
- Pros and cons of investing in 5 upcoming tech IPOs from Airbnb to Roblox
- Volkswagen CEO basically admitting that they are scared shitless of TSLA
- Biosimulation software company Certara files for an estimated $500 million IPO
- TSLA: Get ready to cash out from the largest ongoing pump and dump in history
- Wall Street Braces As Tesla Addition to S&P 500 Could Put $100 Billion Into Play
- Passive vs active investing, 2 year experiment
- Tesla's S&P inclusion might be done in TWO QUARTERS instead of December -- WSJ
- ANT IPO Unlikely for 2021
- Shopify Announces Record Global Black Friday Sales of 2.4 Billion
- Would now be a good time to add a stop-loss/stop-limit order to my stocks?
- TSLA gets approval in China to sell Shanghai made Model Y
- My brokerage is writing off my position after company take-over
- LGVW // Butterfly Network – Room for a Bullish Case
- I think it’s a certainty that airlines, movie theatres, sixflags, cruise lines, and banking will have a strong rebound early next year, because of vaccine and upcoming stimulus package, prove me wrong?
- Lemonade (LMND) up 50% since last month. Why I plan on holding for the long term.
- S&P Global to buy IHS Markit in $44bn deal $SPGI $INFO
- How do you discover companies?
- When to take profit from post-pandemic prices rises?
- Pass Perfect Series 65 Finals
- Airbnb, Doordash Aim for Higher-Than-Expected Valuations Ahead of Debuts
- Odeon Capital says retail REITs' rebound is 'just beginning'
- Multiple brokerages
- $COTY pump or dump
- Forex trading startup - risk management tool
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 30 Nov 2020 04:16 AM PST If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions. If you are going to ask how to invest you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! [link] [comments]  |
| Posted: 29 Nov 2020 02:34 PM PST Typo in the title: March 27, 2000 was the dotcom peak Edit: As people are pointing out, this information doesn't consider dividends. Here's a chart with dividends. QQQ has still not caught up to SPY since dotcom peak. I won't claim to be an expert who interprets what this means, just found it interesting after throwing these up on a chart. [link] [comments]  |
| Pros and cons of investing in 5 upcoming tech IPOs from Airbnb to Roblox Posted: 29 Nov 2020 10:11 AM PST December and January aren't typically busy months for initial public stock offerings, but this time around, they'll be an exception. Almost a half dozen well-known tech startups, each already valued privately at over $1 billion, have recently filed for IPOs, including Airbnb, DoorDash, and Roblox. They're hoping to take advantage of strong investor appetite for tech stocks, despite the pandemic, and to catch the coat tails of other tech companies that have recently made successful debuts. Shares in cloud database company Snowflake are up 129% since its September IPO and those of data mining company Palantir are up 215% since its September listing. Here are key details to consider in weighing whether to invest in the latest batch of would-be public tech companies. Financial data is from the first nine months of 2020 unless otherwise indicated. AffirmSymbol: AFRM Founded in 2012 by PayPal co-founder Max Levchin, Affirm aims to bring credit and lending to customers of all kinds of online retailers. Those hard-to-miss layaway offers for a pair of shoes from Cole Haan or that cute coffee table on West Elm's website? Affirm works behind the scenes to process the loans and often covers the cost of the item (in some cases, partner banks fund the loans). So far, Affirm has signed up over 6,500 retailer and helped consumers pay for almost $11 billion worth of products over the past three years. Pros: Affirm says its "buy now, pay later" system is superior to credit cards, with no hidden fees or high interest rates (most Affirm offers are zero interest rate). Like other hot consumer companies, Affirm also touts its net promoter score of 78, suggesting more than three-quarters of customers would recommend the company. As e-commerce grows, there's plenty of room for growth in the market—less than 1% of e-commerce transactions in North America relied on "buy now pay later" deals. And Affirm says its data analysis of consumers' ability to pay lets it avoid major losses. Cons: The largest e-commerce sites, like Amazon and Walmart, have no need for Affirm and could even launch their own lending services. So could big banks or other financial institutions that can borrow money more cheaply than Affirm can. And more than one-quarter of all of Affirm's lending has so far come from customers of a single retail partner: Peloton. AirbnbSymbol: ABNB As the now-famous story goes, Airbnb co-founders Brian Chesky and Joe Gebbia decided to rent some airbeds in their San Francisco apartment after a big design conference caused local hotels to be fully booked. Their little web site, AirBedandBreakfast.com, eventually grew into the titan that has rented space to 825 million customers cumulatively across 220 countries. Pros: The fast-growing startup took a huge hit when COVID-19 curbed travel, but has since almost bounced back. Bookings were down 72% in April compared to the same month in 2019, but for June through September, the declined narrowed to 19% to 23%. The company also brags in its regulatory filing that pandemic-related spending cuts, including slashing headcount by 25%, make it more efficient going forward. Cons: The pandemic showed that the travel industry is subject to sharp downturns that cut into Airbnb's sales, and infections are on the rise again worldwide. The company has also battled restrictive rules in many cities and countries seeking to ban short-term rentals. Airbnb's filing disclosed it's also in a battle with the Internal Revenue Service that could cost it $1.4 billion if it loses. And even after being in business for more than a decade, Airbnb is still on pace to lose around $1 billion this year. DoorDashSymbol: DASH After moving to the U.S. as a child, DoorDash co-founder and CEO Tony Xu worked as a dishwasher in a Chinese restaurant to help make ends meet. The point of DoorDash, he says, is to help strivers and small businesses thrive. Now in business for seven years, DoorDash "dashers" deliver food and other items from almost 400,000 businesses to 18 million consumers per month as of September. Pros: DoorDash is the leading provider of delivery with over twice the market share of runner up Uber Eats as of October 2020. The pandemic has ignited much faster growth in food delivery as people avoid going out to eat. Some smaller players have already sold out (DoorDash bought Square's Caviar service for $410 million last year), but further consolidation could let DoorDash charge more for its services. Cons: Once the pandemic passes, many DoorDash customers may return to eating in restaurants. Although California voters approved a measure to continue to classify gig workers like DoorDash's dashers as independent contractors, other governments still are trying to classify gig workers as employees, which could wreck DoorDash's business model. RobloxSymbol: RBLX Much more than a video game, Roblox has become a virtual environment for millions of people and companies to create their own games. Co-founders David Baszucki and Erik Cassel went from making software simulations for physics labs to creating Roblox in 2004. Now some 31 million people play daily, including three-quarters of all U.S. kids age 9 to 12, the company says (Research firm Dubit put the figure at half of kids 9 to 12 this summer). Pros: Roblox has plenty of reasons for developers to stick around, including its large devoted customer base and the Lua scripting language that makes it easier to make new games. About two-thirds of current users are from the U.S. and Canada, so there is room for considerable overseas expansion. Cons: The pandemic super-charged Roblox growth rate, but kids may decide to put their screens down and play more outside after the crisis ends. Many users play on devices running Apple or Google software, putting Roblox somewhat at the mercy of the twin tech titans' app policies. Other games have been banned and the app stores decide how much of each sale they are entitled to. A joint venture with Tencent to bring Roblox to China could be impacted by increasing trade tensions or new restrictions. And gaming and social media platforms come and go depending on the latest fads. Roblox could be the MySpace of gaming. Wish (ContextLogic)Symbol: WISH Overshadowed by better known rivals like Amazon, Alibaba, and eBay, Wish focuses its e-commerce services on the "affordable" segment of consumers. Founded in 2010, Wish now helps more then 500,000 online sellers hawk goods to 100 million monthly active shoppers. Parent company ContextLogic has its name on the IPO registration filing. Pros: Shopping online isn't just for the wealthy. Wish says it's targeting the 44% of U.S. consumers and 85% of Europeans who have household incomes of $75,000 or less, plus shoppers in developing countries. Wish's platform is mobile first, and 90% of purchases happen via its mobile app. Although Wish doesn't make a profit, it generated free cash flow (or cash from operating activities minus purchases of property and equipment) of $23 million in the first nine months of 2020. Cons: Wish faces off against many larger rivals, such as Amazon, Alibaba and eBay, plus Shopify and Walmart. To compete against the giants, Wish spends vast sums, over $1 billion so far in 2020, on marketing. With deep connections in China, U.S.-based Wish could be hurt by worsening trade tensions. And as with other startups dependent on mobile apps, Google and Apple could undermine Wish's business with new rules or requirements. [link] [comments]  |
| Volkswagen CEO basically admitting that they are scared shitless of TSLA Posted: 29 Nov 2020 10:04 AM PST My mind was really blown by this: https://www.linkedin.com/pulse/how-we-transform-volkswagen-herbert-diess/ Some highlights:
Now think about it. Why would Volkswagen, a company that sells 11 million vehicles annually give a shit about a small "startup" that sells 500k vehicles a year? - They are scared shitless.
Yup.
Exactly what TSLA is doing with over the air updates.
Late like every other car manufacturer.
Cars will become another platform to sell software. Exactly what TSLA is doing.
What car manufacturer do you think has the best Self driving software?
Yes. He Actually wrote that. Think about that. My mind was blown. [link] [comments]  |
| Biosimulation software company Certara files for an estimated $500 million IPO Posted: 29 Nov 2020 06:07 AM PST Certara (ticker will be $CERT) recently filed for it's IPO - I think it's an interesting pick & shovel play in the biopharm space, so I thought I'd share here. From Nasdaq:
[link] [comments]  |
| TSLA: Get ready to cash out from the largest ongoing pump and dump in history Posted: 30 Nov 2020 04:10 AM PST Ok, so TSLA will be included in S&P 500 in Dec 21. Old news. Around $100B(almost 1/5th of its market cap) of TSLA would need to be purchased(some active funds may have already purchased) based on current stock price. The only reason I have been holding TSLA after it split is the whole S&P 500 inclusion thingy. After that, I don't know what will even move this stock. They freakin surpassed Berkshire and could surpass Facebook(for a short time)!!! Today they will announce whether to include TSLA in two sessions or in one session. After the trading sessions, expect a big dip. As a lot of speculators this year have bought into TSLA precisely to front-run the index investors. Also, the trade date Dec. 18, coincides with a once-quarterly event known as quadruple witching, the Friday near the end of each calendar quarter on which options and futures on both indexes and stocks expire simultaneously. Volume is usually heavy on those days and would help boost liquidity on the day of Tesla's inclusion, investors said. (this paragraph copied straight from wsj) So, I guess don't be a fool(unless there are some tax implications, which I don't have); buy the rumour, sell the news. TSLA will completely tank after the inclusion. Also, remember NIO etc kind of benefit from the TSLA hype, so be very careful you all about them. I don't think if you don't have any immediate tax implications, there wouldn't be much value holding TSLA for the longer term as there are better long term plays. And when or if TSLA reaches $700 or higher(I know I am very bullish, but that's why I am still holding it) there would be almost no point in holding it any longer. Some special points to remember:
I know posts that say anything negative about TSLA gets downvoted but be careful about your TSLA shares or options! Disclaimer: I am long TSLA shares and call options. I am also long PLTR(long leaps too) and some other meme stocks which I am not mentioning cause my post gets removed somehow and I am not sure why(so you know I don't give a damn about valuations, although I am kind of an early mover, so all of them are at a very profitable position). [link] [comments]  |
| Wall Street Braces As Tesla Addition to S&P 500 Could Put $100 Billion Into Play Posted: 29 Nov 2020 01:46 PM PST Wall Street is bracing for Tesla Inc's (NASDAQ:TSLA) arrival to the S&P 500 Index on Dec. 18. What Happened: The addition of the California-based automaker is expected to create challenges because of the company's size, $555 billion, and volatility. Tesla's share price jumped 40% right after the S&P 500 announcement on Nov. 16, and the addition comes at a time of pandemic-related volatility, the Wall Street Journal reports. Tesla is the biggest company to ever join the index, and it'll be the sixth largest by market capitalization. Elon Musk's company might put $100 billion "in motion" when added, as funds try to sell other companies' stock to buy Tesla's, according to WSJ. To help ease the potential trading chaos, some Wall Street managers recommend splitting the addition "over two trading days," something that has never happened before, WSJ notes. Ben Inker, who manages asset allocation at investment manager GMO believes any unpreparedness might have consequences. "The people who will pay the price if S&P screws up are the investors in passive S&P," he says. Why It Matters: Tesla's addition to the S&P 500 also happens the same day the so-called "quadruple witching" takes place. Every last Friday of the quarter marks the day when futures and options expire at the same time, which increases the volume. This, investors say, might help with the liquidity that day but may also increase market volatility. [link] [comments]  |
| Passive vs active investing, 2 year experiment Posted: 30 Nov 2020 04:09 AM PST In December 2018 I sold a business for mid 7 figures. Being burnt out after 15 years I did not intend to jump straight back into industry so decided instead to test an active vs passive investing strategy for a few years. I was a die hard efficient market / boglehead, but always enjoyed the process of stock picking, and being a hubristic **** decided on 50% SPY and 50% for a stock picking retail account. My background is private equity and I am comfortable doing deep dive research, building DCF models etc etc. 50% went into SPY on 2nd Dec 2018 at 263. I did nothing to this account since. Dividends were auto-reinvested. In the active account, I built a portfolio of small and micro cap stocks focussing on sectors I know well. The portfolio held 14 stocks after 21 months. A few have been turned over since with new ones added but generally the approach has been to buy and hold good businesses. Dividends were auto-reinvested. I spent 15 hours a week on research and analysis, so about 1380 hours since Dec 2018. Since 3rd December 2018: SPY with dividends reinvested has returned 21.5% annualised. The active portfolio has returned 25% annualised (incidentally with a higher sharpe ratio / lower max drawdown. It has delivered in raw terms an additional $90,000 over the passive fund. Divide by 1380 hours = $65/hr. Worth it? Sure. If you enjoy something, and can do it ad-hoc from your own home, being paid $65/hr is a pretty good result, especially as that figure will compound over time, assuming continued results. I can share the portfolio and results on request. Beating the market is quite addictive of course. A boglehead would say 2 years proves nothing with regards to luck vs skill and I would agree. But I am more skeptical than before this experiment that EMH holds true enough at the small cap end of the market to make stock picking a waste of time. I will report back next December. [link] [comments]  |
| Tesla's S&P inclusion might be done in TWO QUARTERS instead of December -- WSJ Posted: 29 Nov 2020 03:40 PM PST
Is this going to result in a slight price pull back in December and a volatile two quarters? If you are holding Tesla stock or options, how is this going to affect you? What is your strategy if this is the announced solution this Monday? [link] [comments]  |
| Posted: 29 Nov 2020 08:29 PM PST https://www.theedgemarkets.com/article/ant-said-face-slim-chance-getting-ipo-done-2021 BABA just keeps getting shit on. Still a long-term holder, but ouch. [link] [comments]  |
| Shopify Announces Record Global Black Friday Sales of 2.4 Billion Posted: 29 Nov 2020 12:24 PM PST Wow, this is exciting. I definitely figured Shopify would make a killing this year, but this is huge. How do you guys think $SHOP will perform this week? Was this already accounted for ahead of time last week? Is there more room to rise tomorrow, with Cyber Monday still coming our way? [link] [comments]  |
| Would now be a good time to add a stop-loss/stop-limit order to my stocks? Posted: 30 Nov 2020 02:08 AM PST Since we're in an insane market rally right now, I was wondering if it would be a good time to add a stop-loss or stop-limit order to my stocks. After doing research on the benefits of stop-loss and stop-limit orders I've noticed that there are a lot of people for and against it. What are your opinions on adding stop-losses? Thank you [link] [comments]  |
| TSLA gets approval in China to sell Shanghai made Model Y Posted: 29 Nov 2020 10:30 PM PST TSLA gets approval in China to sell Shanghai made Model Y. "Wedbush Securities analyst Daniel Ives said China could represent up to 40% of overall Tesla deliveries in 2022. The analyst predicts the company could double its sales in the country in the next few years" [link] [comments]  |
| My brokerage is writing off my position after company take-over Posted: 29 Nov 2020 07:49 AM PST OK investing gurus, what do you make of this: I hold a position in Highland Gold mining via my brokerage account. Said company was recently given a take-over bid by a private company, and as a long-term investor, I voted against it. The acquirer achieved a 90+% acceptance rate of the offer, which means any remaining shareholders will now be subject to a compulsory purchase at the take-out bid, and the company is privatized. My brokerage now lists the position as "Delisted", and when I asked brokerage support what happens next, they asked me to fill in a form to have the brokerage take over the position at a value of zero(!). How does one proceed from here? *edited to add details [link] [comments]  |
| LGVW // Butterfly Network – Room for a Bullish Case Posted: 30 Nov 2020 02:54 AM PST Ok gents, little has been written about the LGVW-Butterfly deal. Between nurses/docs super excited about the product and the usual hype, I thought to write a sound DD based on available facts as I did for Microvast and AvePoint. You may be sick of hearing about SPACs in 2020, but do keep an open mind about em bc solid companies are entering the mkt as well. Let's dive in 30 secs elevator pitch: on November 19, 2020, Longview (LGVW) entered into a definitive business combination agreement with Butterfly Network (thereafter "The Company"), valuing the latter at an Enterprise Value of $1.5Bn, after a Letter of Intent signed in Oct20. The proposed business combination is expected to be completed in the first quarter of 2021, with the combined company's Class A common stock trading on the NYSE under the ticker BFLY. The Company makes ultrasound proprietary technology more universally accessible and affordable and it's backed by The Bill & Melinda Gates foundation Investment Case Intro: Butterfly attacks a large, $8 billion addressable market and expands it materially by meaningfully growing each of the following: points of care, geographic reach and use cases. Moreover, Butterfly has many attractive investment attributes: strong balance sheet and liquidity, low manufacturing costs, rapid growth, high recurring revenue, a discounted relative valuation and high-return reinvestment ops // What is Butterfly Network and why should I care? Butterfly Network is an innovative digital health company that is working to enable universal access to superior medical imaging. Key takeaway:
Comment of a Reseller, take it or leave it: "I literally sell ultrasound for living. Butterfly is going to have a subscription service and this is seriously in high demand. 25% of my leads are currently asking for this tech. My starting price of Phillips is between 4.5-5k, Chinese brands start at 2500"
// Ok so what am I buying here? LGVW
// Advisors, let's spit out the big names J.P. Morgan Securities LLC acted as financial advisor to Butterfly Network. UBS Investment Bank acted as financial advisor to Longview as well as the exclusive placement agent for the PIPE // Sources
// I don't' know how to read all this, bottom line?
Disclaimer: all images should be credited to Butterfly Network, LGVW or the above- mentioned sources. This does not constitute and has not to be intended as financial advice of any kind, always do your own research. I do not currently hold any long or short position in commons or warrants of LGVW (I will edit if that's the case) [link] [comments]  |
| Posted: 29 Nov 2020 07:36 AM PST I'm Canadian, I've taken out a $50k loan (interest rate 1.5%) into a tax-free-savings-account (no taxes on investments assuming no day trading), and betting it all on industries hit hardest by COVID-19 (air canada, delta airlines, Boeing, Bank of America, Various cruise lines). Three reasons for a pump next year: 1, vaccines coming out 2, American stimulus package 3, Yellen as treasury secretary I'm in this for long term holds, and macro elements tell me that there will be sustained economy relief, am I missing something? Because for now I consider a rebound to some extent a certainty. EDIT: I should note that my wording was wrong, I don't actually plan on putting ALL of my funds into these sectors, my portfolio is spread out over 100 holdings (80% stocks and 20% ETF), I'm well aware of the risk I'm taking but I'd like to think I've diversified well enough. [link] [comments]  |
| Lemonade (LMND) up 50% since last month. Why I plan on holding for the long term. Posted: 29 Nov 2020 11:48 AM PST Disclaimer: 20% (12k) of my portfolio is now in lemonade and I plan on holding for the long term, so I'm extremely biased. Dave Lee recently released an interview of the CEO Daniel Schreiber on his channel a couple of weeks ago. He is currently doing a series investigating the company and has managed to catch SQ and PTON at 1/6, 1/4 their current price and was a super early investor of Tesla. During the interview they've touched on subjects such as Lemonade's advantage vs Incumbents. How Lemonade isn't reliant on a lot of legacy systems that larger insurance companies rely on such as off the shelf software some of which are still written in COBOL, broker based systems, etc… How it's harder for larger, less lean, insurance companies to just reinvent themselves and replicate Lemonade's software over night. They've also talked about their expansion plans. Lemonade can expand anywhere geographically without having a physical presence there and they plan on releasing a new insurance product every 6-8 months with auto-insurance being a strong candidate after they've released life insurance. They've talked about the lifetime value of their customers. Their initial strategy was to market towards millennials and first time insurance purchasers, which they've succeeded in. Every time a customer graduates from renters to home insurance, the profits generated by that customer increases by 6x with no additional cost to the company. Their profit margins doubled from 20% in Q3 2019 to 40% in q4 2020. One important point that Schreiber made is that the total addressable market of insurance is at 4 trillion, and lemonade's market cap is still only at ~4 billion as of this writing. About 1/10 the size of a lot of large insurance companies. So they don't need to outcompete, just do reasonably well in order for this to be a good investment. And yet JD Powers recently ranked Lemonade as #1 in customer satisfaction for renter's insurance. They've managed to completely automate purchasing and making insurance claims through their software. Their app takes 1/10 the time it takes for other insurance companies to give out insurance and to make insurance claims and 1/3 of their claims are resolved in ~3 seconds. Overall I genuinely think this is a great long term investment and if they succeed with life insurance and expanding to France that will increase my confidence in this company even further. [link] [comments]  |
| S&P Global to buy IHS Markit in $44bn deal $SPGI $INFO Posted: 30 Nov 2020 03:57 AM PST
[link] [comments]  |
| How do you discover companies? Posted: 30 Nov 2020 01:55 AM PST Most of the companies I've invested In I've stumbled upon by chance but I was wondering if there's a more efficient way to discover new companies to invest in that otherwise would've gone under the radar. I would use r/investing to do that but reading most of the posts they seem to be either overly negative or overly positive and few that lay out the good and bad in tandem. Any sights where it's possible to discover the names of companies without being charged with a bias would be much appreciated:) [link] [comments]  |
| When to take profit from post-pandemic prices rises? Posted: 29 Nov 2020 02:20 PM PST So I invested a lot in Airlines, Hotels, Travel companies and other areas that were badly hit by the pandemic, as I'm sure lots of people did. The recent vaccine announcements have begun to raise the stock prices for stocks like these. Just wondering what others were thinking about when to sell of these stocks? [link] [comments]  |
| Posted: 30 Nov 2020 01:17 AM PST Hi all. I am currently using Pass Perfect for my Series 65. I have taken 4 Finals scoring 79, 76, 77, and 75. I am going to take another 2-3 finals tomorrow (day before exam). For people that have taken the 65 and used Pass Perfect, what were you scoring on the Finals and what did you score on the actual exam? I am told that Pass Perfect over prepares and the questions are much harder than the actual exam so I'm assuming that I should be fine considering the consistency in scores. Thanks in advance! [link] [comments]  |
| Airbnb, Doordash Aim for Higher-Than-Expected Valuations Ahead of Debuts Posted: 29 Nov 2020 02:58 PM PST Airbnb Inc. and DoorDash Inc. are planning to release higher-than-expected valuation ranges for their initial public offerings, in the latest sign of strength in a booming market for new issues. Airbnb is planning to target a range of around $30 billion to $33 billion - - using a fully diluted share count -- when the home-rental startup kicks off its investor roadshow Tuesday, according to people familiar with the matter. That is greater than $30 billion people close to the offering had expected. DoorDash , meanwhile, plans to target a range of around $25 billion to $28 billion on a fully diluted basis ahead of a roadshow expected to begin Monday. That is greater than the $25 billion people close to the offering had expected. Typically companies and their underwriters seek to set relatively conservative initial ranges, with room to potentially price the shares at the high end or above them before trading starts. It's not clear what per-share price ranges the companies will disclose. Airbnb and DoorDash are on track for listings in mid-December -- typically a quiet month for offerings, ending a banner year for IPOs with a bang. There has already been a record amount of money raised in new issues on U.S. exchanges as soaring technology valuations entice a raft of private companies to join the public markets. Activity has been buoyed by the record-setting run for the stock market. The Nasdaq Composite hit a new closing record on Friday during a holiday- shortened trading session. The S&P 500 is a near record too, and the Dow Jones Industrial Average vaulted above the 30000 mark for the first time last week. So far this year, more than $140 billion has been raised in 383 initial public offerings on U.S. exchanges, far exceeding the previous full-year record high set at the height of the dot-com boom in 1999, according to Dealogic data that dates back to 1995. Both Airbnb and DoorDash have weathered the coronavirus pandemic as more people shun hotels in favor of houses for vacations or longer-term stays, and order out to avoid restaurants. Airbnb was valued at $31 billion in a 2017 investment round. The San Francisco company's valuation fell to $18 billion when bookings plummeted at the outset of the pandemic as travel came to a virtual standstill. Airbnb Chief Executive Brian Chesky quickly borrowed $2 billion , slashed marketing spending, laid off a quarter of the company's staff and put many noncore projects on hold. Bookings at Airbnb rebounded by summer, though nowhere near pre-pandemic levels, as people increasingly seek houses for local getaways. For DoorDash , a valuation of more than $25 billion would continue what has been a sharp upward march. San Francisco -based DoorDash's private valuation had already ballooned to more than $15 billion this year from just $1.4 billion in 2018 as it took an even greater share of the U.S. food-delivery market. It is now the biggest player in the sector. For both companies, their roadshows will look different than they would have in the pre-Covid world. Executives at both companies will market their offerings to mutual funds and hedge funds in Zoom meetings rather than in a whirlwind tour across the country. Both companies and their respective underwriters will set their final IPO prices based on feedback from investors in the roadshows. Morgan Stanley and Goldman Sachs Group Inc. are leading Airbnb's IPO, while Goldman and JPMorgan Chase & Co. are leading DoorDash's . [link] [comments]  |
| Odeon Capital says retail REITs' rebound is 'just beginning' Posted: 30 Nov 2020 01:02 AM PST https://seekingalpha.com/news/3639722-odeon-capital-says-retail-reits-rebound-is-just-beginning
[link] [comments]  |
| Posted: 30 Nov 2020 04:27 AM PST I currently hold my passive investments in Fidelity. I have been researching options trading and was wondering if it is smarter to keep all my investments in one brokerage or if it's better to have my active investment separate from the passive ones? I was debating opening an account with TD Ameritrade or Etrade for options. [link] [comments]  |
| Posted: 29 Nov 2020 06:44 PM PST Im interested on your guys opinions on COTY with the holiday season coming up being that they are a 5B+ market cap company drawing large investments from big investors as of lately. important to note they did buy majority of kylie cosmetics which is known to sell extremely well around the holiday season. [link] [comments]  |
| Forex trading startup - risk management tool Posted: 30 Nov 2020 04:15 AM PST Hi everyone, I work at a startup and we're doing some research for our product that is aimed at helping Forex traders improve their performance through good risk management. If you have 2 minutes free to complete our survey it would be really helpful to us in building a great product. If you complete our survey you are in with a chance to win a $100 Amazon voucher. We only need 20 responses so if you respond early your chances are pretty good. Thanks so much, guys, we would really love your input in building this exciting new product. Paul [link] [comments]  |
| You are subscribed to email updates from Lose money with friends!. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment