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    July 05, 2021

    Stock Market - Priorities

    Priorities

    Posted: 05 Jul 2021 05:26 PM PDT

    Dow Jones important events 100 years!

    Posted: 05 Jul 2021 03:24 AM PDT

    Watchlist For 7/6/2021 -- My Premium Content Tonight Because I Have To Go Get Dinner In New Orleans Tonight, Enjoy!

    Posted: 05 Jul 2021 04:42 PM PDT

    P/E for companies with different amounts of shares

    Posted: 05 Jul 2021 02:44 PM PDT

    How can one determine if a company is over/undervalued, when different companies have different number of shares? For example:

    Amazon has a market cap of 1.7T, has 504M shares and trades for 3,500.

    Apple on the other hand has a market cap of 2.3T, 16.7B shares and trades for 140.

    How is the p/e calculated for both examples? It might be a silly question.. but I actually don't understand these very basics.

    Also, why would a company want to issue a certain amount of shares? For instance why do Amazon prefer to have less shares at a higher price, and why does Apple prefer the opposite?

    submitted by /u/yf_22
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    Is it too late to grab Chad stocks like MSFT AMZN GOOGL ?

    Posted: 05 Jul 2021 08:17 PM PDT

    Hey everyone, I'm about to go to university and have some money saved up. I'm putting my Retirement savings into ETFs, but with my tax free savings account I really want to hold these Chad companies like Google, apple, Amazon, etc. Long term.

    IMO these charts look very extended and I'm wondering if it's a bad time to throw my savings into these companies at all time highs after going parabolic. I know the companies look strong on paper but I wouldn't be surprised at a big market correction eventually. How do you guys feel about starting a position in these companies given these current market conditions?

    submitted by /u/Dab_Day
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    What Do Traders Do When The Market Is Closed?

    Posted: 05 Jul 2021 04:53 PM PDT

    Youtuber The Plain Bagel reveals he turned down a $30,000 offer to pump a stock.

    Posted: 05 Jul 2021 05:29 PM PDT

    10 Biggest Hedge Fund Casualties of Reddit WallStreetBets’ Short Squeezes

    Posted: 05 Jul 2021 12:27 PM PDT

    https://finance.yahoo.com/news/10-biggest-hedge-fund-casualties-170206625.html

    Usman Kabir Mon, July 5, 2021, 1:02 PM

    In this article, we discuss the 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. If you want to skip our detailed analysis of these hedge funds, go directly to the 5 Biggest Hedge Fund Casualties of Reddit WallStreetBets' Short Squeezes.

    Hedge funds have suffered billions in losses this year in a fierce stock market showdown with retail investors on internet platforms like Reddit and Twitter over the past six months. These battles have usually centered around stocks that the hedge funds attempted to short-sell, inviting the wrath of users on Reddit forums like WallStreetBets, mostly comprising young investors, who bought up stakes in these companies to drive up the share price, initiating a short squeeze and making handsome profits in the process.

    Some of the firms involved in this saga include GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), ContextLogic Inc. (NASDAQ: WISH), and Clover Health Investments, Corp. (NASDAQ: CLOV), among others. According to some media reports, hedge funds have suffered a total of $12 billion in losses in these short-selling schemes. Investment bank Goldman Sachs last year compiled an index of stocks that these retail investors favored. That index has doubled in value over the past few months.

    In an analysis, released to clients earlier this month, the investment bank highlighted that the retail favorites index had beaten the overall market by three percentage points this month. The analysis also underlined that retail investor spending into equities was poised to rise to $400 billion this year, an increase of $50 billion from a previous estimate of $350 billion. Perhaps this is one reason why hedge funds have been actively monitoring the hype around certain companies on Reddit in order to better manage their risk profiles.

    The battle, though, still looks to be far from over. According to Goldman Sachs, the retail investor boom in equities is just beginning. Hedge funds managers, like Andrew Left, who expected retail investors to jump ship and drive the price of shorted stocks down, have been left red-faced as the prices of these stocks — referred to as meme stocks — continues to soar higher. However, in addition to being active, these stocks have been some of the most volatile ones on the market, adding to the overall chaos in the market.

    The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn't keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey's research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter's stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

    With this context in mind, here is our list of the 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. These were ranked keeping in mind the overall losses, size of the hedge fund, and the market credence of the hedge fund manager. The hedge funds that suffered losses, either directly or indirectly, as a result of the short squeezes but did not shutter completely have also been included in this list.

    Biggest Hedge Fund Casualties of Reddit WallStreetBets' Short Squeezes

    10. Citron Capital

    Andrew Left, the editor of investment newsletter Citron Research, is one of the most famous short-sellers on the market. His hedge fund was one of the biggest losers in the GameStop Corp. (NYSE: GME) short squeeze. Citron is placed tenth on our list of 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. Left took to video sharing website YouTube in January to assure investors in Citron Capital that he had made a mistake in predicting that GameStop Corp. (NYSE: GME) stock would lower in price.

    Left clarified that Citron had managed to cover the short positions on GameStop Corp. (NYSE: GME) at a 100% loss, learning important lessons in the process. However, Left, in the video, said that he expected the stock of the video game retailer to return back to normal levels within a short span of time. This prediction has not aged well, as the stock is still trading at a high price, despite pulling back from record highs registered in January.

    9. Maverick Capital

    Maverick Capital is an investment firm run from Texas. It is placed ninth on our list of 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. The hedge fund is run by Lee Ainslie and manages over $10 billion in assets. Earlier this month, Financial Times reported that Maverick Capital was keeping track of the hype around certain stocks on Reddit forums in order to protect itself from short squeezes, lending credence to earlier reports that the hedge fund had suffered losses in the GameStop Corp. (NYSE: GME) saga at the turn of the year.

    Maverick Capital holds a large stake in Amazon.com, Inc. (NASDAQ: AMZN), the ecommerce retailer based in Washington. Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Citadel Investment Group is a leading shareholder in Amazon.com, Inc. (NASDAQ: AMZN) with 3.3 million shares worth more than $10.5 billion.

    Just like GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), ContextLogic Inc. (NASDAQ: WISH), and Clover Health Investments, Corp. (NASDAQ: CLOV), Amazon.com, Inc. (NASDAQ: AMZN) is one of the stocks to watch out for this year.

    In its Q1 2021 investor letter, Hayden Capital, an asset management firm, highlighted a few stocks and Amazon.com, Inc. (NASDAQ: AMZN) was one of them. Here is what the fund said:

    "Amazon (AMZN): We sold our last remaining stake in Amazon this quarter. Amazon was our longest-running investment holding, after having originally purchasing it at the inception of Hayden in 2014, at a price of ~$317.
    I gave some details of how Amazon has progressed over these past 6.5 years in last year's Q2 2020 letter, which partners can find here (LINK). The company has executed amazingly well over this tenure, with revenues up ~3.3x and since our initial purchase, and reported operating income up ~30x over that period.
    Generally, I believe there are three reasons to sell an investment: 1) we recognize our initial thesis is wrong (sell out as quick as possible), 2) we have a significantly higher returning opportunity to redeploy the capital into (sell-down to fund the new investment), or 3) the company is maturing and hitting the top part of it's S-curve / business lifecycle, so the business has fewer places to reinvest its capital internally. As such, the future returns will likely be lower than the past. This investment thus becomes a "source of capital" in the future, as we fund earlier-stage investment opportunities..." (Click here to view the full text)

    ​

    8. Citadel Investment Group

    Citadel Investment Group is an investment management company registered in Chicago. It is ranked eighth on our list of 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. The hedge fund is run by billionaire Ken Griffin and has a portfolio value of over $400 billion, one of the biggest in the world. Although the fund was not directly impacted by the Reddit-backed short squeeze, it did help arrange close to $3 billion in capital for Melvin Capital that had been hit hard by the short squeeze.

    One of the top holdings of Citadel Investment Group is Tesla, Inc. (NASDAQ: TSLA), the California-based electric vehicle maker. Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Tesla, Inc. (NASDAQ: TSLA) with 24.4 million shares worth more than $16.3 billion.

    Just like GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), ContextLogic Inc. (NASDAQ: WISH), and Clover Health Investments, Corp. (NASDAQ: CLOV), Tesla, Inc. (NASDAQ: TSLA) is one of the stocks to watch out for this year.

    Here is what Baron Partners Fund has to say about Tesla, Inc. (NASDAQ: TSLA) in its Q1 2021 investor letter:

    "Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. The stock fell during the quarter as a result of general market dynamics and a potential production slowdown due to parts shortages. A refreshed S/X and China Model Y ramp could also have a negative impact on margins in early 2021. We anticipate strong growth and improved margins driven by new production capacity, manufacturing efficiencies, localization of its manufacturing and supply chain, and maturation of Tesla's full self-driving technology.

    7. Candlestick Capital Management

    Candlestick Capital Management is a hedge fund headquartered in Connecticut. It is placed seventh on our list of 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. The fund is run by Jack Woodruff and manages more than $4 billion in assets, according to latest filings. The fund was a big gainer in 2020, gaining a handsome 26% over the pandemic period, but suffered low to midteen percentage losses in the Reddit-backed short squeeze earlier this year, per a report in business news publication The Wall Street Journal.

    Candlestick Capital Management has invested heavily in Mastercard Incorporated (NYSE: MA), the New York-based payments processing firm. Out of the hedge funds being tracked by Insider Monkey, Virginia-based investment firm Akre Capital Management is a leading shareholder in Mastercard Incorporated (NYSE: MA) with 5.8 million shares worth more than $2 billion.

    Just like GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), ContextLogic Inc. (NASDAQ: WISH), and Clover Health Investments, Corp. (NASDAQ: CLOV), Mastercard Incorporated (NYSE: MA) is one of the stocks to watch out for this year.

    In its Q4 2020 investor letter, Bretton Fund, an asset management firm, highlighted a few stocks and Mastercard Incorporated (NYSE: MA) was one of them. Here is what the fund said:

    "While consumers resumed much of their spending by summer, what and how they used their Visas and Mastercards changed. For obvious reasons, people shifted to contactless payments—one of the Covid-era changes we think is permanent—and replaced travel purchases with online shopping and food delivery. Consumers spent more on their debit cards and less on their credit cards; Visa and Mastercard make more per transaction on the latter. They also make more on cross-border transactions that come mostly from international travel, which ground to a halt early in the pandemic. Visa's and Mastercard's earnings per share fell by 7% and 16%, respectively, compared to their usual mid-teens growth. We're not too worried, and we think they'll catch up nicely in the post-vaccine world. Visa's stock returned 17.1% and Mastercard's 20.2%."

    6. Point72 Asset Management

    Point72 Asset Management is a Connecticut-based hedge fund. It is ranked sixth on our list of 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. The fund is managed by Steven Cohen and is one of the biggest in the US, managing more than $21 billion in assets at the end of March, according to latest filings. The New York Times reported in February that the fund lost 15% during the GameStop Corp. (NYSE: GME) short squeeze in January. The fund also helped finance a multi-billion dollar bailout for Melvin Capital this year.

    One of the premier holdings of Point72 Asset Management is Baidu, Inc. (NASDAQ: BIDU), the Chinese technology company. At the end of the first quarter of 2021, 89 hedge funds in the database of Insider Monkey held stakes worth $6.5 billion in Baidu, Inc. (NASDAQ: BIDU), up from 51 in the preceding quarter worth $4.6 billion.

    Just like GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), ContextLogic Inc. (NASDAQ: WISH), and Clover Health Investments, Corp. (NASDAQ: CLOV), Baidu, Inc. (NASDAQ: BIDU) is one of the stocks to watch out for this year.

    In its Q1 2021 investor letter, Horos Asset Management, an asset management firm, highlighted a few stocks and Baidu, Inc. (NASDAQ: BIDU) was one of them. Here is what the fund said:

    "We have also fully exited our stake in Baidu, following their outstanding performance during the period and their lower relative upside potential compared to other investment alternatives, which we will discuss below.
    The Chinese technology platform company Baidu has also been held in the portfolios managed by Alejandro, Miguel and myself for several years. During this period, we have seen very high volatility in its share price, which we have taken advantage of to make significant rebalancing moves in our position (in fact, we even sold our entire position once, when we thought the stock's upside potential was exhausted). After several years of instability, market sentiment turned very positive, putting an end to the historical advertising problems in the healthcare sector, the divestments in O2O (Online-to-Offline) businesses that continued to weigh on the company's margins, the IPO of part of the iQiyi streaming business (which hid Baidu's underlying cash generation capacity) and the tough competition from other industry giants such as Tencent and Alibaba, as well as the entry of new players with disruptive business models (ByteDance). At the same time, the company's recent commitment to electric vehicles contributed even more to this change of narrative. Baidu's share price rose almost fourfold from the March 2020 lows to all-time highs and reached a valuation where the margin of safety, in our view, was too narrow."

    5. D1 Capital Partners

    D1 Capital Partners is a hedge fund managed from New York. It is placed fifth on our list of 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. The fund manages more than $13 billion in assets at the end of the first quarter of 2021. It is run by Dan Sundheim. News publication Bloomberg claims that the fund took a 20% hit in the short-selling saga involving GameStop Corp. (NYSE: GME) in January. D1 was one of the best-performing funds in 2020, finishing the year with a 60% gain and $20 billion in assets under management.

    D1 Capital Partners has invested a lot of money in Microsoft Corporation (NASDAQ: MSFT), the Washington based technology company that sells computer software and services. Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Microsoft Corporation (NASDAQ: MSFT) with 23.9 million shares worth more than $5.6 billion.

    In its Q1 2021 investor letter, Polen Capital, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ: MSFT) was one of them. Here is what the fund said:

    "We have written extensively about Microsoft in recent commentaries. It was our leading contributor last year and one of our largest weightings within the Portfolio. It continues to experience business momentum through several dominant, essential, and competitively advantaged businesses, like Office 365 and Azure. The markets it competes for are enormous, which gives the company the ability to compound at scale. In the past quarter alone, the company generated over $40 billion in revenue, representing a 17% growth rate. The inherent operating leverage in Microsoft's business model continues and led to 34% earnings growth this past quarter. Despite the broad rotation we saw in the first quarter and Microsoft's robust performance in 2020, we think its business fundamentals continue to exhibit strength, and the stock continues to reflect the fundamentals."

    4. Maplelane Capital

    Maplelane Capital is an investment firm run from New York. It is ranked fourth on our list of 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. The hedge fund, run by Leon Shaulov, managed over $4 billion in assets. In late January, news publication Bloomberg reported that the fund had lost 33% in a single month after a failed attempt to short-sell GameStop Corp. (NYSE: GME) stock. However, the firm adjusted the short position before it took further losses as the share price of the video game retailer climbed because of Redditors.

    One of the top investments of Maplelane Capital is Alphabet Inc. (NASDAQ: GOOG), the parent company of internet search engine Google. Out of the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ: GOOG) with 2.9 million shares worth more than $6.1 billion.

    In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ: GOOG) was one of them. Here is what the fund said:

    "Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet's Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It's a name we've owned since 2012 and for which we continue to have high hopes regarding future prospects."

    3. Light Street Capital

    Light Street Capital is an investment company headquartered in California. It is placed third on our list of 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. The hedge fund is a high-profile casualty to the GameStop Corp. (NYSE: GME) short-selling scheme that failed as Redditors squeezed short-sellers. Light Street Capital, according to Financial Times, managed over $3 billion in assets at the start of the year. This figure has since fallen to $1.8 billion, with losses primarily driven by short-selling attempts in January and May.

    One of the biggest holdings of Light Street Capital is Facebook, Inc. (NASDAQ: FB), the California-based technology company that just crossed $1 trillion in market cap. At the end of the first quarter of 2021, 257 hedge funds in the database of Insider Monkey held stakes worth $40 billion in Facebook, Inc. (NASDAQ: FB), up from 242 in the preceding quarter worth $38 billion.

    In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Facebook, Inc. (NASDAQ: FB) was one of them. Here is what the fund said:

    "We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio's top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions."

    2. Melvin Capital Management

    Melvin Capital Management is a hedge fund that operates from New York. It is ranked second on our list of 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. The fund took heavy losses as it tried to short-sell GameStop Corp. (NYSE: GME) in January. According to a report by news publication CNBC, the fund, managed by Gabriel Plotkin, and with more than $17 billion in assets under management at the end of the first quarter of 2021, was given a bailout worth $3 billion by billionaires Ken Griffin and Steve Cohen in January.

    A top holding of Melvin Capital Management is Expedia Group, Inc. (NASDAQ: EXPE), the Wasington-based online travel firm. At the end of the first quarter of 2021, 86 hedge funds in the database of Insider Monkey held stakes worth $6.1 billion in Expedia Group, Inc. (NASDAQ: EXPE), up from 76 in the previous quarter worth $6.5 billion.

    In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Expedia Group, Inc. (NASDAQ: EXPE) was one of them. Here is what the fund said:

    "Several of our better performers in the first quarter were purchased while their business models were under stress from COVID restrictions or the macro environment the pandemic created. What gave us confidence in purchasing Expedia were the actions the company took to extend out their balance sheets until travel resumed. It should benefit as a broader vaccination rollout prompts cruise lines to resume operations and consumers to start traveling again and are positioned to deliver better margins and gain pricing power as the economy normalizes due to the cost controls implemented during the downturn."

    1. White Square Capital

    White Square Capital is a London-based investment management firm. It is placed first on our list of 10 biggest hedge fund casualties of Reddit WallStreetBets' short squeezes. The firm recently announced that it was closing the main fund and would return capital to investors, according to a report published by news publication Financial Times. This follows the firm taking in double-digit percentage losses in a short-selling attempt involving GameStop Corp. (NYSE: GME) at the beginning of this year. The fund managed more than $400 million in assets at peak.

    One of the top holdings of White Square Capital is The Walt Disney Company (NYSE: DIS), the mass media and entertainment firm based in California. At the end of the first quarter of 2021, 134 hedge funds in the database of Insider Monkey held stakes worth $12.5 billion in The Walt Disney Company (NYSE: DIS), down from 144 in the preceding quarter worth $16.4 billion.

    In its Q4 2020 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and The Walt Disney Company (NYSE: DIS) was one of them. Here is what the fund said:

    "One of the original constituents of the Nifty Fifty holds a place in our portfolio today. When we bought Disney three years ago, we wrote that "we view Disney theme parks in the US, Europe, and China as resistant to online substitution." We did not reckon on a pandemic, which closed all of them, and sent all of usto our couches. Disney, however, wasready for us, brilliantly illustrating the importance of management foresight and change management. Or, as Louis Pasteur said, "chance favors the prepared mind.
    A century after its founding in 1923, Disney is in the middle of a bold shift from its legacy media networks & entertainment model—with cable TV, theme parks, and theater films dominating its earnings—to a direct-to-consumer streaming media model. The keys to Disney's transition: matchless storytelling, coupled with financial strength. The company reliably creates content that people all over the world are eager to consume. It also hastened spending on original content to attract subscribers to its new streaming platform. These factors have allowed Disney to weather the pandemic having expanded its direct engagement with customers. Such connections yield a rich harvest of insights used to customize offerings on a mass scale, reinforcing that engagement in a virtuous circle and thereby raising the lifetime value of each customer. Subscribers to Disney+ reached 86.8 million one year after launch, compared to the 60 – 90 million management projected to reach in 2024. To be sure, Netflix, Apple, and Amazon remain formidable competitors in new-era streaming entertainment (mind what we said about everyone standing up at once), but there's fight left in this old dog."

    submitted by /u/SavannahSmiles_
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    Newbie 21 Year-Old Investor

    Posted: 05 Jul 2021 01:52 PM PDT

    Hello! I'm a 21 year old invested in the stock market. I wanted some advice since I'm new to investing and have been in for one month now, taking knowledge mainly from YouTube videos, Motley Fool emails (used a United Mileage Plus deal to pay for it), Bloomberg on TV, and a seasoned investor I met through church recently. I started off with about $10,000 in cash in a Traditional IRA at Merrill (job, shares in multiple family businesses, and money placed in there monthly for the past 5ish years). I am also looking to opening a ROTH, so I can allocate my portfolio between accounts. My first month kicked off with VOO, VTI, and VFIAX (because I wanted to experiment with the mutual fund, about $1000 into there, split about even). From then, up until now, I put another $2500-ish into a few blue chips, monthly dividend payers, and a few growth stocks from the Motley Fool suggestions I was interested in/forecast for myself high growth for the next couple of years. Having both long term holds & quick flips are both interesting to me, so throw me in the fire! Looking for any tips, tricks, constructive criticism, suggested resources and any other ways which will help me grow as investor!

    submitted by /u/alecpaet
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    What does everyone think of a market correction in the near future and what steps are they taking to diversify properly to weather the storm? More fixed income? Moving away from US tech? Curious on what everyone else thinks.

    Posted: 05 Jul 2021 08:33 PM PDT

    Is Transalta (TAC) a buy?

    Posted: 05 Jul 2021 08:31 PM PDT

    Transalta is an electricity company based in Canada. They generate and distribute energy through hydro, wind, gas, and coal powerplants. This sounds really good for the long run, but I'm unsure if it is a buy. It usually trades around $9-10 and the the volume around 150k+ with a market cap of $2.67B. I've been looking into this stock and it seems like they are trying to do more with renewable energy. They also work with Canadian, Australia, and US gas, coal, wind and water energy companies. What's your opinion on this stock? Has anyone bought this stock, if so, what do you think of it?

    submitted by /u/okaybruv
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    Arch Capital acquires reinsurer Watford for $622m

    Posted: 05 Jul 2021 08:27 PM PDT

    My portfolio - Losses and Gains

    Posted: 05 Jul 2021 12:24 PM PDT

    I am not going to go deep into why I bought any of these. If you wanna know, just ask.

    ACO.X.TO Atco LTD: 6.79% @ 36.66 up 19.9%

    • Main business is building structures and developing logistics for worksites.
    • Side hustle - they made so much money from selling mobile worksite structures that they decided to purchase some energy companies.

    AGM Federal Agricultural mortgage corp 7.48% @ 88.82 up 12.93%

    • Federally owned, do a bunch of agricultural mortgage stuff

    AP.UN.TO Allied Properties - REIT @ 41.04 up 10.36%

    • Urban office reit. They own the building I work in and take good care of it.
    • Pay monthly dividends

    BMO bank of montreal: 5.31% u/77.56 up 64.32%

    • Big canadian bank, nice dividends

    BNS scotiabank: 8.1% @ 56.31 up 42.28%

    • Another big canadian bank, nice dividends
    • I once saw a scotiabank branch in sinaloa,mexico where el chapo is from

    CAJ canon 5.04% @ 16.67 up 35.21%

    • Cameras

    CG.to centerra gold 5.99% % 11.18 down 14.15%

    • Big gold company in canada
    • Kazakhstan reclaimed a mine that CG had rights to. This was after I bought it. The stock went down after and the kazakhstan government wont let CG sue the kazakhstan government

    CSIQ canadian solar 3.86% @ 35.43 up 21.59%

    • I bought this recently. Got lucky with the big gains but I am in for the long run

    EFX.to enerflex 18.08% @ 6.05 up 41.6%

    • Basically a giant repair shop that rents out oil and either equipment

    LB.to Laurentian bank 10.46% @ 28.16 up 56.18%

    • Quebec bank.

    SXP.to 4.68% @ 2.07 up 10.14%

    • They make envelopes and e-commerce packaging

    WFC wells fargo 20.17% @ 26.21 up 71.96%

    • Bank

    I have about 25% cash. Portfolio is up 69.84% this year. I sold some stuff recently that had deteriorating fundamentals. Recent sells were BHLB, BPY.UN.TO, ET, and BBD.B.TO. BHLB was by best performer this year making me about 120%. CG.TO was my worst, losing me 14%.

    submitted by /u/valuescott
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    3,298,900 shares traded on Friday, July 2nd. 1,320,617 of those were shorted! That means that 40.02% of shares traded were shorted... HOLD! Those scrubs have to cover and this will go to double digits if you don't sell them your shares for anything under ten/share. $25 price target.

    Posted: 05 Jul 2021 07:45 PM PDT

    TD Due Diligince

    Posted: 05 Jul 2021 01:20 PM PDT

    TD:

    TD is the sixth largest bank in north america. They have over 26 million customers. Their main operations are:

    • Canadian retail (TD canada trust, TD auto finance canada, TD wealth canada, td direct investing and TD insurance)
    • American retail (TD bank, TD auto finance US, TD wealth US)
    • TD securities

    They have 14m online customers and 1.7t in assets. They implemented a deferral program which worked quite well in 2020. 25% of canadian lending accounts took part in this program in april, and by late october, there were only 2.2 percent of accounts still participating. This likely artificially depressed some financial values such as cash flows, interest payments and accounts receivable which could have been reflected by a lower price, justified if one is speculating but truely an artificial value as loans return to normal. This program accounted for 45.7b in loans. Similar results were seen in America, with 11.9b in loans, representing 21% of accounts in April later transitioning to 5.2% of accounts. This is not as attractive as canadian accounts, but is only 25% of the size, and a tiny fraction of balance sheet items, as well as having a shorter deferral period.

    The bank recently carried out what they call the Schwab transaction, where they acquired 13.5% of the Schwab corporation. This transaction is healthy, and Schwab has about 80% of its market cap covered in cash alone, as well as 6b in FCF for a 120b cap.

    TD has managed to increase revenue and net income in 2020. They allocated more capital for credit losses, but managed to pay less taxes likely in light of the current economic and societal situation.

    Business segment overview:

    They have 16m customers in Canada. This is almost half of the population, which likely will have a monopolizing effect. They have credit cards, auto finance services, business banking, merchant solutions, asset management services, and an insurance business in canada. In the United States they have personal/business banking, and TD ameritrade.

    They operate a wholesale banking segment which operates like any investment bank. This segment operates under the TD securities brand.

    There is a vast segment called the corporate segment which does a number of different operations. These operations include technology solutions, shared services, treasury and balance sheet management (asset management?), marketing, human resources, finance risk management, compliance [management], legal, anti-money laundering, and ?other? Operations. It seems quite difficult to find information on this segment, other than it has a margin of about -20%, making it even more curious.

    Segment analysis:

    All segments other than corporate are profitable, and have similar margins around 25%.

    Canadian retail has seen slight increases every year since 2018. Net income in this segment has been declining. A decrease in personal banking revenue by 750m was countered by a 200m increase in business banking, a 400m increase in wealth banking, and a 250m increase in insurance, resulting in increased revenue from 2019 to 2020. There is quite a high ROE for this segment.

    US retail has seen stable, cyclical revenues with a macro up trend. Net income significantly dropped in 2020. Deposits grew in personal and business banking and in sweep. The ROE in this segment is significantly lower than in the canadian retail segment.

    In wholesale banking, there was a sharp increase in revenue and in net income. This segment has a ROE of 16.9. They were a part of a number of large name broker actions, acting as an intermediary. They carry out some trading, research, underwriting, securitization, trade finance, cash management, brokerage, and trade execution services in their global markets segment. In the corporate/investment banking sector they do corporate lending, debt/equity underwriting and advisory services.

    The corporate segment is a number of service and control groups. It seems to manage tax items, treasury and balance sheet activities, and some other shady sounding operations. It seems like this segment manages some accounting, as well as some issuance of equities/debt equities.

    The balance sheet is very large. There was a $300 billion increase from 2019-20. This was mostly related to a large increase in deposits. The bank has 718b in loans. Of these, only about 2b were stage three. Factoring in allowance for credit loss, there is a possible delinquency rate just below 2 percent at around 12b which is covered 15 times over by cash alone. With most liabilities in deposits, there is no immediate concern in the balance sheet. There are almost 200b in securities sold under repurchase agreements, which will be evaluated over at least 5 years, presenting again little threat.

    The loans can be broken down into regional and segmental sections. Canadian residential mortgages account for 213billion of the loans. Mortgage delinquency rates in canada are 0.23% as of Jan 31, 2021. This equates to about 212.5b in real value from the mortgage loans, although TD has allocated about 100 million less than I recommend. HELOCs account for another adjusted 95 billion. All together, personal loans account for 369.256b on the balance sheet. Conservatively taking delinquencies at 1b, this figure is adjusted to 268.256b for analytical purposes. Real estate represents about 40 billion in canadian loans, and assorted business and government is another 115.2b, predominantly in the financial and consumer staples industries. All of these loans look healthy at first glance.

    United states loans are similar. There are 100b in personal loans, 35.4b in real estate, and 148.3 in business and government with a similar allocation as the corresponding canadian section under the same name. There is 9b in other international loans. The total is about 734.9b. There is about a 5.3 percent average increase YOY in pure volume of loans.

    TD decisively estimates that 1.3b of loans are in stage 3, which may be a little conservative for most analysts. Preparing for up to one percent delinquency is in order because of the recent volatility in the market right now as well as in the canadian economy as an expected third wave of Covid-19 expands its grasp. In table 33 of the 2020 annual report, they allocate 7 billion to credit losses which is much more reasonable because they account for stage 1 and 2 as well. In this time of great uncertainty, it is not unreasonable to change this estimate to 20b. The bank has apparent backing from the canadian government so there is no immediate threat to allocate a tenth of capital reserves to delinquencies.

    submitted by /u/valuescott
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    March the day EVERYTHING TANKED GME and TLT rally?! Oh cmon

    Posted: 05 Jul 2021 12:35 PM PDT

    $INDI- Indie Semiconductor -- Tesla/Ford/Apple partnerships: “Empowering the Autotech revolution w/ next generation automotive semiconductors”

    Posted: 05 Jul 2021 07:26 AM PDT

    TL/DR: Indie Semiconductor, a recent SPAC merger with $THBR. Indie is an Autotech solutions innovator who produce mixed signal SoC solutions for the areas of Advanced Driver Assistance Systems (ADAS)/Autonomous, Connectivity, User Experience (Apple CarPlay), and Vehicle Electrification. Indie has a $2bn strategic backlog of orders. Of this $2bn, more than $1bn is past the development stage. Already shipped >100M devices to Automotive Tier 1 partners. As of 2020 Indie's existing solutions could be found within 1 in 4 new vehicles worldwide.

    CNBC Mad Money Interview

    Price Targets

    • Roth Capital- $20
    • Benchmark- $17

    What is the Apple connection?

    Apple CarPlay

    • "Apple's massive success with CarPlay paves the way for automotive ambitions." Indie has already shipped >30M CarPlay units making up 65% market share. LINK

    Apple CarKey

    • "Last summer, Apple and BMW announced that users could use their iPhone to unlock car doors or even start the engine, and Apple is participants in a standards group to spread the feature to more car makers." Indie currently in production of Apple CarKey. (link referenced above)

    Indie FMCW Lidar Integration

    • Indie is currently shipping ultrasound solutions and vision systems for this market segment. In April 2021 they launched new ultrasonic automotive parking-assist solutions. The previous generation of this solution was used in Hyundai Sonata "Smaht Pahk."
    • LiDAR is an area that Indie expects to spearhead growth. Currently in development and expect to commence shipping in 2023 "reducing power by 10x and cost by 20x."
    • See link at bottom for additional product/services.

    Management Team

    • Donald McClymont- Indies CEO and founder. Donald was the previous founder of Axiom Microdevices along with Indies current President, CTO and Chief Engineer. Axiom was acquired by Skyworks in 2009, he then went on to start Indie with the same team to focus on "the next generation of automotive semiconductors." Donald was recognized by Goldman Sachs as "One of the most intriguing entrepreneurs of 2020." LINK
    • David Aldrich [Chairman of the Board] (former CEO of Skyworks Solutions) joined Indies board of directors in early 2021. David is famous for building Skyworks into the company it is today taking them from <$800M to $30bn market cap in 10 years. Apple making up the bulk of this growth.

    Market

    • According to IHS, the global automotive semiconductor market was worth $33bn in 2020 and is projected to grow to $59bn by 2025. The current cause and effect of the semiconductor shortage can be found elsewhere, of which "Indie has been able to profit from the shortage." LINK
    • This past week the senate passed $52bn in funding to the American semiconductor industry. The semiconductor shortage at this point has become a national security risk.

    Financials

    • Indie has a strategic backlog of $2bn; 70% of 2023 revenue in the backlog and 60% of 2025 revenue has already been won. Projected revenue as far as 2022 is 100% in shipping or on won contracts. Indie reports a Q1 revenue of $8.1m (+74% YoY) and a gross margin of 40.3%, expected to grow this number to 59.5% by 2025.
    • There is currently 144.7m shares outstanding. At $10 per share this gives an equity value of $1.44bn with >$400M cash on hand.

    Opinion

    • The connection between Indie and Apple is clear. The part that is currently unknown is how deep this connection goes. At the very least we can speculate that Apple, one of the most rigorous and selective companies to work with is currently outsourcing their auto semiconductors to a small startup, a startup who is a front runner to lead the next wave of auto innovation, and who just added to their Board former Skyworks CEO David Alrdrich. The biggest skeptics of Indie will question their lack of clarity on the $2bn in current backlog. This becomes more clear when you break down what companies may be in the backlog, and their notoriety for being extremely secretive.

    Full DD

    submitted by /u/Inner_Copy_258
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    People's thoughts on Napster (NAPS) Huge contracts with bmw, telephonica, sonos, amazon etc etc. . Just invested 8 mill into a new app that is meant to blow Spotify out the water... Low sp due to last loan note conversion any day... Could be exciting...

    Posted: 05 Jul 2021 10:16 AM PDT

    They were just bought by Melody Vr a couple months ago for 70 million and are about to have a re-rate once they have paid off their debts in shares any day l. They are already undervalued loads and will be increasingly undervalued afterwards.

    They have 4/5 the amount of songs as spotify and about has about 4/5 the amount of everything as spotify but are only at 2p!! They have many new multiple USPs including vr concerts, an idea which companies like spotify are just getting into, after copying melody/napster. However, melody have had the infrastructure in place for years and have the most advanced in the segment, they are the best in the game.

    A lot of famous musicians are moving over to melody/napster as they pay much better too.

    They have just partnered with amazon, sony, iheart radio, sonos, bmw and about 30 other brands which they announced in their presentation to shareholders a couple months back and will integrate their software within their companies. As previously mentioned, they are currently they are being kept down by the company they owe money to at around 1p and the debt will be paid off sometime this month or next, I'm guessing...

    The app will also be released around the same time which is currently be created, to inegrate the collosal napster's interface in with Melody's, and the name is being rebranded to Napster PLC or group or something...

    Also napster is now a paid service btw...

    submitted by /u/AdministrativeFan297
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    GME x AMC x TLT x RR

    Posted: 05 Jul 2021 11:48 AM PDT

    GME AMC TLT RR how it all ties together. This time Banks n hedge funds can do this as long as the COLLATERAL is backing it is 👌 .

    Well how do they keep getting more COLLATERAL ?!they should be BANKRUPT!? Let me blow ur 🤯 Banks hedge funds family offices are re creating TREASURY collateral. When brokers shut down for GME it's because They didn't have enough collateral it wasn't just RH.

    This is WAY bigger, there's one sure fire collateral better than gold; that's US gov bonds. READ this twice, understand it ; You need margin to short and need to post PRISTINE collateral in case of a gme event .. Friday gme was 800% interest. I keep asking How are they able to keep this going?

    Well ALL BANKS n hedge funds own tranches of MBS. They don't have real collateral worth a dime. Why is Powell buying now close to 200 billion a month in mortgage backed securities?! I talked to a fidelity rep as if I'm going short gme and ..

    Well strap your 🧠 NO PRIME would accept MBS for collateral not even for toilet paper. They need PRISTINE collateral As long as they post collateral in forms of Treasuries BECAUSE THATS BACKED by the government aka TAX payer. They can short it to oblivion. But HERES WHERE it gets wild. US Treasuries government bonds being swapping them for MBS which are then ADDED to feds balance sheet.

    ESSENTIALLY naked shares created in TLT gives you power beyond anything. ITS A NEVER ENDING CYCLE As long as POWELL is buying their toxic assets. Now PRIME DEALERS., hegde funds n banks and the fed have rehypothecatEd 🇺🇸🇻🇮treasuries so many times so one bank lent it from one hedge to another to banks which ended up creating the biggest short position in history of THE TREASURY MARKET ... 🇻🇮 The TRIGGER to the squeeze is first TLT blows up. Then it's mayhem. The call options are not priced in at all they are pennies. Its funny BURRY HAS a position in tlt. We drive up TLT this ENTIRE GAME is over

    The COLLATERAL is the problem. It's always been if we just paid more attention but the divergence of people to just not figure out the TLT play.

    This is what THE fed is scared gets squeezed.. if you got full circle now. The gme amc shorts and w.e other positions all originated from COLLATERAL backed by

    TLT TREASURY BONDS theres NO WAY this is SUSTAINABLE THEY exchanged these bankrupt MBS and CDS its to the fed for Pristine TLT Feds bAlance sheet takes the 8 trillion THATS WHY FEDS BALANCE SHEET LOOKS LIKE the SPY they use the toxic debt to run up the marker.

    It's sick 🤢 🤮

    submitted by /u/Suitable_Vehicle7127
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    Wyoming is the first US state to approve a DAO, consolidating its crypto-friendly reputation

    Posted: 05 Jul 2021 07:04 AM PDT

    Wyoming is the first US state to approve a DAO, consolidating its crypto-friendly reputation

    Wyoming is the first US state to approve a DAO, consolidating its crypto-friendly reputation | Markets Insider (businessinsider.com)

    Camomile Shumba

    Jul. 5, 2021, 06:12 AM

    US flag (Gary Hershorn)

    • American CryptoFed DAO has been allowed to legally operate in Wyoming from July 1.
    • Decentralized autonomous organizations are pieces of code that execute actions on the blockchain without any intermediaries.
    • This is another in a series of steps that have made Wyoming one of the most crypto-friendly US states.

    Wyoming has legalized a decentralized autonomous organisation (DAO) with effect from July 1, marking another in a series of steps that have made the state the most crypto-friendly jurisdiction in the United States.

    American CryptoFed DAO, which runs a stablecoin on its network, has received approval from the state to operate as a distinct type of limited liability company, according to a company statement on Sunday. Wyoming is the first state to have legalized a DAO.

    DAOs are effectively pieces of code on a blockchain that can execute a process automatically when a series of conditions are met, without the need for any outside decision-making or interference.

    "What this means is that creating a true digital currency with mass acceptance is now possible," Marian Orr, CEO of the American CryptoFed DAO, said.

    The decision Wyoming made further legitimizes it as a state that welcomes cryptocurrencies, a sentiment that is inline with its pro crypto senator Cynthia Lummis. A recent survey by Cryptohead showed a majority of people see the US as the country most interested in trading and investing in cryptocurrencies.

    "Wyoming is leading the way to create legal certainty in the crypto space," John Drechny said. Drechney is CEO of The Merchant Advisory Group, which represents the 165 biggest US merchants.

    "We can see a path in which merchants will have more choices for payment acceptance," he added.

    CryptoFed's coins not only help give users more autonomy over their power, but they hope to work with banks and the Federal Reserve. Their website states that they have two coins - Lucat which is a stablecoin pegged to the dollar - and Locke, their own token.

    Wyoming has been leading the way in innovation and adoption of cryptocurrencies in the United States, thanks to advances in legislation, such as conferring users the option to store their digital currencies with banks.

    submitted by /u/SavannahSmiles_
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    Inside JP Morgan's $1 Billion Market Manipulation Scam. New video by Wall Street Millennial. (Don't invest by JPM's rules)

    Posted: 05 Jul 2021 02:02 AM PDT

    Compare VTSAX vs SPTM/SPYD/SPYV

    Posted: 05 Jul 2021 04:11 PM PDT

    I have about $50K in VTSAX and about $40K in SPTM. I'm wondering about a plan and would like some thoughts.

    I plan to sell a ~100 or so shares of VTSAX and buy as much SPYD/SPYV as I can. It looks to me to be a 2to1 trade, comparable returns (in my opinion) cheaper stock, so theoretically I should double my returns in due time. This is how I came about owning SPTM. I had already maxed my Roth when I happened upon SPTM. I sold a couple of shares of VTSAX and bought SPTM. It's worked well in my eyes.

    I'm a OPERS pension holder, so the Roth and Robinhood are just sprinkles and icing on the cake. I turn 59.5 in 2039 so this has awhile to grow yet.

    submitted by /u/Financial_Athlete198
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    Risk Free Rate | Real Life CFA

    Posted: 05 Jul 2021 04:00 PM PDT
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