Stock Market - Here Are The 22 Representatives Who Voted AGAINST The Short Sale Transparency And Market Fairness Act |
- Here Are The 22 Representatives Who Voted AGAINST The Short Sale Transparency And Market Fairness Act
- Amazon Stock Loses $130 Billion In Market Value After $885 Million Fine And Disappointing Earnings Report
- Most discussed stocks of last week and its sentiment! What are your moves for next week?
- Square, Inc. Announces Plans to Acquire Afterpay, Strengthening and Enabling Further Integration Between its Seller and Cash App Ecosystems
- I scanned over 150 charts this weekend. Here are some good setups I found to BTD: SKLZ, PTON, FUBO, TDOC, AAL, MU
- Enjoy My Premium Watchlist For 8/2/2021 Tonight!!! If You Need Anything Just Comment!
- Senator Manchin says the infrastructure bill text is going to be done today
- IRS tax bill of $800,000 on a capital gain of $45,000... what to do...
- The high prices of used cars may finally be dropping: Sonic Automotive president
- I calculated the intrinsic value of big tech stocks, using the latest Q2 earnings. Here is what I found
- Fauci says he expects no new U.S. lockdowns despite surging Delta cases
- I just received these free stocks ... are any of these worth keeping or should I sell them? [Newbie]
- Lordstown Motors Stock Vs. Nio Stock: A Technical Race To The Bottom? #RIDE #NIO
- Just like oat milk and kombucha: Inside the race to sell cannabis beverages. Major beer companies are investing in THC-infused drinks, but the sector represents less than 2 percent of the overall $20 billion marijuana market.
- Predicting the Markets 3–6 months ahead using Economic Indicators.
- SHEN ex-dividend date vs. record date
- Where Is Your Spot At The Dinner Table
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Most discussed stocks of last week and its sentiment! What are your moves for next week? Posted: 01 Aug 2021 06:16 AM PDT
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Enjoy My Premium Watchlist For 8/2/2021 Tonight!!! If You Need Anything Just Comment! Posted: 01 Aug 2021 06:48 PM PDT
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Senator Manchin says the infrastructure bill text is going to be done today Posted: 01 Aug 2021 06:32 PM PDT
Democratic Sen. Joe Manchin said a draft of the roughly $1 trillion bipartisan infrastructure deal should be finished on Sunday. "I think you'll see text today," the West Virginia senator said on CNN's "State of the Union." "By this evening hopefully we can start the process, hopefully start our amendment process by tomorrow. We should finish up by Thursday." The Senate convened on Saturday to finish a draft of the legislative text of a robust infrastructure package. The bill is expected to allocate about $110 billion for roads and bridges, $39 billion for public transit, $66 billion for rail and $11 billion towards road safety. There's also roughly $55 billion for water and wastewater infrastructure and billions for airports, ports, broadband internet and electric vehicle charging stations. "When you talk about roads and bridges and rails and trains and everything that goes with it, internet services, it's something that every state, every area of every state needs," said Manchin. "A pothole doesn't have a Republican's or Democrat's name on it. It will bust your tire and tear up your car. We need to fix things." Manchin, who thinks the bill will be passed, added that when you see Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell both voting for the same thing "it's unbelievable." Earlier, Sen. Susan Collins, R.-Me., said on the same program that she thinks there will be more than 10 Republican senators who will support the bill. "My hope is that we'll finish the bill by the end of the week," Collins said. Democrats aim to pass the bill along with a second, separate $3.5 trillion package that would include a bevy of other party priorities. The proposal could address child care, paid leave, tax credits for households and climate policy. House of Representatives Speaker Nancy Pelosi said she is not going to hold a vote on the bill, assuming it passes the Senate, until the much-larger $3.5 trillion budget reconciliation package passes. However, Manchin said he believes each bill should be passed on its own merit. [link] [comments] | ||
IRS tax bill of $800,000 on a capital gain of $45,000... what to do... Posted: 01 Aug 2021 10:18 AM PDT
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The high prices of used cars may finally be dropping: Sonic Automotive president Posted: 01 Aug 2021 06:40 PM PDT
In this article
The scorching used car market is showing signs of slowing down, according to an executive at one of the top auto retailers in the U.S. "New car inventories are going to get better progressively over the next few months as we get to the end of the year," Jeff Dyke, president of Sonic Automotive, said on CNBC's "Worldwide Exchange" on Friday. "As that happens, it's going to alleviate the amount of inventory issues that is happening on the pre-owned side." The average transaction price for a used car was $25,410 in the second quarter of 2021, up from $22,977 in the first quarter and 21% year-over-year, according to data from online automotive resource Edmunds. That figure marks the highest average price over a quarter for a used car that Edmunds has ever tracked. However, Dyke says there are signs that the market is leveling off, with prices dropping by as much as $2,000 for a used car over the course of July as the supply of new cars is starting to increase. "Right now, we've got about an eight- to nine-day supply of new cars on the ground. If you take our BMW brand that we have 15 stores with, by the time we get to October and November we'll have a 25- to 30-day supply that's going to start regenerating pre-owned inventory for all the dealers, and that'll help alleviate the pricing," Dyke said. "We've never seen this before where you have an inversion where wholesale prices are really higher than retail prices, but that's all coming to an end." The boosted value of trade-in opportunities will likely prompt new car buyers to offer their current vehicle up to dealerships and retailers. The average trade-in value of a used vehicle in June was $21,224, up 75.6% year-over-year, according to Edmunds. In comparison, the average cost of a new car in the second quarter was $40,827, up from $40,070 in the first quarter and a 5% increase year-over-year, according to Edmunds. Semiconductor shortage impacting auto industryNew car inventory has been hampered due to the continued shortage of semiconductor chips, an issue that is lingering. Last week, General Motors halted most of its U.S. and Mexican production of full-size pickup trucks like the Chevrolet Silverado and the GMC Sierra. Production is expected to resume this week, the company said. Ford also cut its North American vehicle production in July through early August due to a shortage of chips, impacting vehicles like the Ford F-150, Bronco Sport, and Explorer. The company said in its earnings last week that supplies of the critical parts are improving, however it lost production of about 700,000 vehicles during the second quarter. In April, Ford forecast an adverse effect of about $2.5 billion from the semiconductor shortage, which it declined to provide an update to last week when it reported. While Dyke said he does expect the chip shortage to "alleviate here in the coming months," the tight car supply has been beneficial to companies like Sonic Automotive that sell used cars. Sonic Automotive had $3.4 billion in revenue during its second quarter ending June 30, up 58.7% year-over-year and a new quarterly record for the company. Specifically, revenue for used vehicles grew 56.6% year-over-year. EchoPark Automotive, a division of Sonic Automotive that sells pre-owned vehicles, also set a record for quarterly earnings with $595.6 million in revenue, up 88.9% year-over-year. Retail sales volume was up 68.9% year-over-year. Sonic Automotive announced it is undertaking a strategic review of EchoPark, citing the success of the division and confidence in a runway for continued expansion. One option could be spinning the division off as a new public company, though Sonic Automotive has said it is considering a full range of alternatives. Several other used-car chains have gone public in recent years, including Carvana in 2017 and Vroom in 2020. CarMax, the largest used-car dealer in the U.S., saw its revenue increase 138.4% year-over-year in its 2022 fiscal first quarter ending May 31, to $7.7 billion. The company sold 452,188 units through its retail and wholesale channels during the quarter, up 128% from the previous year. [link] [comments] | ||
Posted: 01 Aug 2021 07:22 AM PDT I took the latest numbers from Q2 earning calls of big tech stocks and I ran a discounted cash flow valuation to determine the fair value and my entry price of each stock. Link to video: https://youtu.be/QMs2CoXMvB0 Conclusions: - Microsoft and Visa are currently overvalued by 30-40% for a 15% yearly return on investment - Facebook and Amazon are fairly valued for a 15% yearly return on investment - Apple and Qualcomm are undervalued by 16-18% for a for a 15% yearly return on investment - Intel, AMD and Google are severely undervalued by 32-49% for a 15% yearly return on investment Would love to hear feedbacks on what is your entry price for these stocks and what you consider undervalued [link] [comments] | ||
Fauci says he expects no new U.S. lockdowns despite surging Delta cases Posted: 01 Aug 2021 05:33 PM PDT
President Joe Biden's chief medical adviser Dr. Anthony Fauci said on Sunday he does not expect the United States will return to lockdowns, despite the growing risks of COVID-19 infections posed by the Delta variant. "I don't think we're going to see lockdowns," Fauci, who is also director of the National Institute of Allergy and Infectious Diseases, said on ABC's "This Week." "I think we have enough of the percentage of people in the country - not enough to crush the outbreak - but I believe enough to not allow us to get into the situation we were in last winter." Although Fauci does not think the United States will need to shut down again as it did last year, he warned on ABC that "things are going to get worse" as the Delta variant continues to spread. "We have 100 million people in this country who are eligible to be vaccinated who are not getting vaccinated," he said. The average number of new cases reported each day has nearly doubled in the past 10 days and the number of hospitalized patients in many states is surging, according to a Reuters analysis. At the same time, the number of Americans getting vaccinated has increased. "The silver lining of this is that people are waking up to this and this may be a tipping point for those who have been hesitant," National Institutes of Health Director Francis Collins told CNN on Sunday. "That's what desperately needs to happen if we're going to get this Delta variant put back in its place, because right now it's having a pretty big party in the middle of the country." [link] [comments] | ||
I just received these free stocks ... are any of these worth keeping or should I sell them? [Newbie] Posted: 01 Aug 2021 08:21 PM PDT
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Lordstown Motors Stock Vs. Nio Stock: A Technical Race To The Bottom? #RIDE #NIO Posted: 01 Aug 2021 03:36 PM PDT
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Posted: 01 Aug 2021 07:01 AM PDT
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Predicting the Markets 3–6 months ahead using Economic Indicators. Posted: 01 Aug 2021 10:49 AM PDT
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SHEN ex-dividend date vs. record date Posted: 01 Aug 2021 08:32 AM PDT SHEN - Shenandoah Telecommun Co Sold off their mobile communications network, and is issuing a special dividend of $18.75
Does the Record date not matter in this instance? Why or Why not? EDIT: Why Do Special Dividends Sometimes Have an Ex-Dividend Date After the Pay Date? The standard explanation about record date and ex-div dates: Dividend Dates: References: Options Clearing Corp SHEN Option Adjustment Memorandum SHEN announcement of sale of cell business Special dividend announcement [link] [comments] | ||
Where Is Your Spot At The Dinner Table Posted: 01 Aug 2021 07:35 AM PDT
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