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    Saturday, May 8, 2021

    Stock Market - 5 year Portfolio Balance. Cost Basis = $76,396.25

    Stock Market - 5 year Portfolio Balance. Cost Basis = $76,396.25


    5 year Portfolio Balance. Cost Basis = $76,396.25

    Posted: 08 May 2021 11:16 AM PDT

    Report: South Korea Will Levy A 20% Tax On Cryptocurrency mining Activities

    Posted: 08 May 2021 11:08 AM PDT

    Nine tips for reading Annual Reports by an Accountant

    Posted: 08 May 2021 01:51 AM PDT

    Nine tips for reading Annual Reports from an Accountant. Annual reports often run into 100's of pages. Here is what you need to know.

    Thread 🧵⬇️

    1. Read Back to Front.

    Miss the glossy marketing pages and skip straight to the numbers. Before reading what the managers say about how well they have done, it is a good idea to have formed our own opinion.

    2. Focus on Profit

    There are so many ways profit is calculated the directors can be talking about a completely different number to the one considered most relevant.

    Check the profit adjustment items under

    • Exceptional
    • Non-recurring
    • One-off

    Decide if they should be included.

    3. Even Better Focus on Free Cashflow Over Profits

    The best investors don't spend huge amounts of time looking at a company's profits. Instead, they spend a lot of time looking at its free cash flow in order to work out how good or bad a company's shares might be as an investment

    What is free cash flow? In layman's terms it is the amount of cash that a company has leftover every year to pay its lenders and shareholders. It is essentially a company's cash profits. Or essentially the cash which can be extracted from the company, whilst the company still maintaining its current growth.

    A sign of a company with high-quality profits is that it turns a large proportion of its profits into free cash flow

    4. Check the Segmental Report.

    When a company is changing shape, using cash flow from one division with limited prospects to build up another which will diversify and grow its revenue. The Segmental report highlights this.

    5. Check the Remuneration Report.

    This is where executive pay is disclosed. Excessive pay counts against a company in my evaluations. It can mean the board is more interested in filling its own pockets than rewarding employees and shareholders fairly.

    6. Don't Overlook the Risk Section.

    Companies do not like to talk about why they might lose money, which is what makes this section so compelling. Companies spell out the commercial challenges they face, and also present convincing arguments as to why they might overcome them.

    7. How does it make money?

    Read the business model section. A business model is how a company makes money. A strategy is how it plans to make more. To be credible, strategies must make sense, and they must be reflected in the results of the company.

    8. Skip the Chairman Notes

    Read the CFO notes. The chief financial officer will often repeat what the chief executive and chairman say but add more commentary on the numbers and how they were derived.

    9. Check Accounting Treatments

    Auditor's report

    Auditors very rarely qualify their opinion on the financial statements, but it can be useful to note which areas of accounting they focused their investigation on.

    If you enjoyed this then maybe I can tempt you with my Twitter page /_JosephWilks where I write daily insights on long-term investing like this.

    submitted by /u/JosephWilks
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    WELL Health Earnings Tuesday

    Posted: 08 May 2021 06:49 PM PDT

    Was reading this article from the Motley and saw the company has earnings Tuesday. After digging a little deeper I think they might blow them out of the water.

    If all is accurate this is what I found.

    1. Earnings out earlier than scheduled which is very bullish
    2. They just did a $305M raise priced at a 25% premium to market which was led by Mr Li Ka Shing (29th richest man in the world) who put up $105M of his own money
    3. Completed the CRH Medical acquisition which analysts anticipate will bring the company to over $300M in revenue and $50M in free cash flow.
    4. JP Morgan the largest healthcare bank in the US extended the CRH credit line from $200M to $300M
    5. 0 debt on the balance sheet and $80M in the bank after the recent financing
    6. What looks like a partnership with Apple? They are now the first Canadian company to offer EMR records on Iphone.
    7. They have historically beat earnings guidance and I think could do the same here given how strong of a close they had on Friday.

    https://www.fool.ca/2021/05/07/well-health-a-growth-stock-to-consider-for-your-portfolio/

    submitted by /u/Ronnieisred
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    “We don't want to make our money selling things that are bad for people" - Billionaire investor Charlie Munger tears into Robinhood

    Posted: 08 May 2021 04:47 PM PDT

    Biden's Wall Street cop is putting Robinhood on notice

    Posted: 08 May 2021 04:28 PM PDT

    Most Anticipated Earnings Releases for the week beginning May 10th, 2021

    Posted: 08 May 2021 03:28 AM PDT

    Accounting 101 - Part 2: The Income Statement

    Posted: 08 May 2021 01:12 PM PDT

    Im looking to get into the stock market but i dont know where to start

    Posted: 08 May 2021 08:21 PM PDT

    I'm a college student, who has traded stocks or anything, but I am starting to have a disposable income that I would rather put into the stock market instead of letting it sit in my checking account doing absolutely nothing for me. I could start with an investment of ~$500 but I don't know what I would do with it. I'd like to start off with low risk trading and maybe move my way up to more high risk once I know what I am doing, but again I don't have any experience with stocks so that may change. If anyone has any articles or videos, or even tips to help me get started that would be great.

    Sorry to ramble at this point I am just trying to make sure that I hit the word requirement so that my post doesn't get deleted again. I skimmed the sidebar for this information but couldn't find it anywhere

    submitted by /u/thelonewolf6
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    You need to watch this and draw your own conclusions on what is happening today.

    Posted: 08 May 2021 06:30 AM PDT

    A Series Of Asian Corporations Raced To Pump Hundreds Of Millions Of Dollars Into Bitcoin

    Posted: 08 May 2021 05:00 PM PDT

    REITs 5-day Best Performers (Small cap excluded)

    Posted: 08 May 2021 02:39 PM PDT

    Clover Health Investments outperforming Friday 5/7.

    Posted: 08 May 2021 04:32 PM PDT

    Update: Applied Blockchain (APLD)…Updated EBITDA 2021 estimate with ETH at $3500 is $55,160,000. Current Market cap is $16,384,786. New appointed BOD member Chuck Hastings, CEO of Riley Wealth Mgmnt (Nasdaq: RILY). More major news imminent! PPS up @100% since first DD. Significant upside remains!

    Posted: 08 May 2021 10:23 AM PDT

    Update: Applied Blockchain (APLD)…Updated EBITDA 2021 estimate with ETH at $3500 is $55,160,000. Current Market cap is $16,384,786. New appointed BOD member Chuck Hastings, CEO of Riley Wealth Mgmnt (Nasdaq: RILY). More major news imminent! PPS up @100% since first DD. Significant upside remains!

    Ive been super busy and haven't chance to provide this update…

    Updated EBITDA 2021 estimate with ETH at $3500 is $55,160,000. Current Market cap is $16,384,786.

    My first extensive DD post for APLD (PPS $.92-$1.40, ETH @ $2200) link below. Current PPS approx. $1.80

    APLD is a sole Ethereum Mining company. Here's a quick recap…

    • Creates pure play publicly traded Ethereum mining company
    • Strategic Partnership with SparkPool (the largest Ethereum mining pool in the world) and GMR will enable APLD to scale quickly with industry leading efficiency
    • SparkPool and GMR each take a 9.9% equity stake in APLD and have executed a three-year services agreement with one year auto renewals
    • Strong institutional backing with $16.5 million private placement
    • Expects initial mining capacity to come online in May 2021
    • Goal is to scale mining quickly and then expand into Decentralized Finance (DeFi) and Non-fungible tokens (NFTs)
    • The Company plans to list on the Nasdaq Capital Market as soon as possible

    Link to my first DD post…

    DD: OTC MicroCap Gem. Low Float.New ETH Miner trading near/at 1x 2021 EBITDA. New Partnerships & SRVC Agreement w/Sparkpool and GMR. PPS Run just getting started...Applied Blockchain (APLD). : SpecStocks (reddit.com)

    Since my first post, the price of Ethereum has increased to $3500-$3750 from $2300ish, significantly changing the forecasted Revenue/EBITDA for 2021 and beyond (see below). This is keeping APLD a great value despite the 100% increase in PPS since my first post. IMO, ETH bull run has just gotten started. Ethereum network is the foundation for block chain.

    This is stock is still so under the radar!! But IMO that's very close to changing. Here's why…

    1.PR is due out any day regarding the receipt and installation of their first $5m worth of mining rigs. This news will have significantly positive effect on their PPS. It will eliminate any doubts to going live with their mining rigs, etc. With the low float and typically low volume its best to buy before the news comes out.

    2.APLD appointed Chuck Hastings to their board of directors. Chuck Hastings currently serves as Chief Executive Officer of B. Riley Wealth Management, a subsidiary of B. Riley Financial (Nasdaq: RILY).

    "Chuck is a recognized leader in the financial industry with more than two decades of global financial and business expertise that will be of tremendous value as we pursue opportunities to leverage our initial investment and further scale our mining operations"

    https://brileyfin.com/chuck-hastings-wealth-management

    Updated EBITDA 2021 estimate with ETH at $3500 is $55,160,000. Current Market cap is $16,384,786

    https://preview.redd.it/ejqak5jykxx61.png?width=613&format=png&auto=webp&s=76e4c7b504996c0097348e1c499a06f3fbf8e6af

    submitted by /u/5Fryes
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    Robinhood is rejecting my short strangle option

    Posted: 08 May 2021 12:09 PM PDT

    Good afternoon fellow redditors. I am attempting place a simple short strangle option on the Western Digital Corp (stock symbol = WDC) with the following two components:

    Sell Call $74.00 / $0.05 premium Sell Put: $69.00 / $0.04 premium

    For a reason unbeknownst to me, Robinhood will not let me complete this particular option transaction and displayed the following message, "Not Enough Shares. You don't have enough shares of WDC for the collateral needed to place this order."

    So, Do I need to own shares of WDC to execute this option? Do I need more cash in my Robinhood account? Is there some restriction in my profile that I have to manipulate in order to place this option request? I have done options before, but not a combination such as this spread.

    Newbie trader so please be kind!

    If this is not the appropriate forum, please be kind and redirect me to the correct venue. Thanks in advance to everyone's kind feedback regarding this issue.

    submitted by /u/MrTacocaT12345
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    What's the term for it? (Stocks equivalent of Dogecoin)

    Posted: 08 May 2021 08:21 PM PDT

    What is the term for stocks which have very low rate at IPO and maintain that for years then suddenly raise incrementally (like Dogecoin's 12000%) for an illogical reason unrelated to company's performance or good will and then (not predicting) die out and baseline at previous IPO-ish rate?

    (apologies for my lack of using proper stock market lingo, I'm just a student with a casual interest in economics) ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ

    submitted by /u/ALFAKLIDE
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    $TEX The Terex

    Posted: 08 May 2021 02:26 PM PDT

    Terex Corporation is an American worldwide manufacturer of lifting and material handling solutions for a variety of industries, including construction, infrastructure, quarrying, recycling, energy, mining, shipping, transportation, refining and utilities. The company's major business segments include aerial work platforms, construction, cranes, material handling & port solutions and materials processing.

    They provide literally any equipment you'd need on a construction site.

    Fiscal and stock data in the past year:

    YTD revenue +3.67%

    YTD Net Income +261%

    YTD diluted eps *262%

    YTD net profit margin +255%.

    $TEX's stock May 8th 2020 $13.43

    $TEX's stock May 8th 2020 $54.66

    $TEX's stock 03/08/21-05/08/21 +16.12 (+41.83%)

    TEX's stock 04/08/21-05/08/21 +9.43 (+20.85)

    Following data will be the past 4 quarterly reports: Q2 2020 EPS beat +91.66% revenue beat +9.29%

    Q3 EPS beat +928.53% revenue beat +3.23%

    Q42020 EPS beat +836.25% revenue beat +3.92

    Q1 2021 EPS beat +140% Revenue beat +3.96.

    No matter what data you're looking at in the past year. They've not taken a lose once. No one can say when this winning streak will come to an end. However with the demand for construction sky rocketing. One can only speculate, it won't be anytime soon. This is largely due to COVID restrictions being lifted as well as Biden's infrastructure bill.

    Now let's focus a little on the infrastructure bill aspect. There's a lot of speculation which companies will benefit the most from this. Though trying to pinpoint who'll be the lowest bidder is close to impossible. So let's focus on what we know for a fact. No matter what construction companies get the contracts, one thing remains. They're gonna need a lot of supplies for the job. That's where TEX the glorious Terex shines.

    this is my first dd report go easy on me lol

    ps please let me have this one mods I'm trying here

    submitted by /u/DopeAzzMcGee
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    Bull Call Spread Explained for beginners

    Posted: 08 May 2021 04:31 AM PDT

    Hey all, I'm continuing a series where I breakdown and simplify popular option strategies while trying to be as concise yet comprehensive as possible. For today, we'll be breaking down the Bull Call Spread option strategy

    A Bull Call spread is a bullish strategy that is set up by buying a call option of a lower strike price while simultaneously selling a call option of a higher strike price, both being in the same expiration cycle. Take a look at the example below to see how a bull call spread looks like.

    Stock AAA is trading for $45

    • Jan 18/21 Long 50 call – $1.50
    • Jan 18/21 Short 53 call- $0.60

    This comes out to a Net Debit of $0.90. Net debit is the total difference between what you pay and what you receive for all options in a strategy. Since a Call Debit Spread consists of 2 options, the net debit is just the difference between the premium of the long call and short call. These 2 things Net debit and Net Credit are crucial to understand as you will come across these terms frequently. For premium buying strategies, the net debit will be equivalent to max loss, the maximum amount you can lose from this trade. Meanwhile, Your maximum profit is the width of the strikes of the spread (53-50), minus the net debit. 3-0.90= 2.10/$210. This will be the maximum amount you stand to make from this trade.

    Max profit

    As long as the stock trades at or above the short call strike (53) at expiration, max profit is attained.

    Max loss

    As long as the stock trades at or below the long call at expiration which is 50 in this case, you will lose the net debit paid/max loss which is $0.90 in this case

    Breakeven

    The breakeven point is found by taking the long call + net debit. If the stock trades at breakeven point at expiration, you will breakeven. If at expiration, the stock trades anywhere above the long call's strike and below the breakeven point, you will lose money, however such losses will be lesser than max loss. If the stock trades anywhere above breakeven point but below the short call strike, you will make money. However, such profits will be lesser than max profit.

    Max profit zone: $53 and above Max loss zone : $50 and below Breakeven point: $50.90 Profit zone (not max profit):$50.91-$52.99 Loss zone (not max loss): $50.01-$50.89

    BULL CALL SPREAD TRADE PROFILE

    Max profit: Defined/Limited

    Max loss: Defined/Limited

    Optimal to use in Low IV environments

    AKA Call Debit Spread

    Join our options discord

    submitted by /u/OptionsSG
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    Outage at Crypto.com

    Posted: 08 May 2021 10:10 AM PDT

    Not sure where this should go BUT

    Posted: 08 May 2021 05:36 PM PDT

    Black Rock increases stake in OCUGEN by 53.77%

    Posted: 08 May 2021 12:07 AM PDT

    Virtual Money Saints: Losing A Fortune Just Because Of One Minute Mistake

    Posted: 08 May 2021 02:29 AM PDT

    �� AMC Stock | No more shares left to buy!?? Q1 Earnings Call Reaction.

    Posted: 08 May 2021 06:01 PM PDT

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