Daily General Discussion and spitballin thread - September 02, 2021 Investing |
- Daily General Discussion and spitballin thread - September 02, 2021
- Daily Advice Thread - All basic help or advice questions must be posted here. September 02, 2021
- Cathie Wood's ARK files for new transparency ETF: no oil, banks, booze, chemicals or candy
- Okta Announces Strong Second Quarter Results
- I just realized that one of the stocks I own is being acquired (TLND), and now it is no longer in my portfolio. What happened?
- Examples of multi-boom/bust that ultimately crash?
- Using sentiment on China tech narrative for picking up Chinese tech stocks on the rebound
- How can both reverse repos and investing on margin be so high?
- How to convert QTS Preferred shares to cash after Blackstone acquisition
- Who else is concerned about cybersecurity stocks when the taper starts?
- BabyPig Token ($BPG) is a community-focused, decentralized cryptocurrency with a special self-driven cell-division mechanism.
- Will the “Mu” variant be the cause of the next major drop in the market?
- Gambling issue: when to take profits on options.
- $CANO looks attractive to me
| Daily General Discussion and spitballin thread - September 02, 2021 Posted: 02 Sep 2021 02:02 AM PDT Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here! This thread is for:
Keep in mind that this subreddit, and this thread, is not an appropriate venue for questions that should be directed towards your broker's customer support or google. If you would like to ask a question about your personal situation or if you are asking for advice please keep these posts in the daily advice thread as that thread is more well suited for those questions. Any posts that should be comments in this thread will likely be removed. [link] [comments]  |
| Daily Advice Thread - All basic help or advice questions must be posted here. September 02, 2021 Posted: 02 Sep 2021 02:01 AM PDT If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq And our side bar also has useful resources. 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]  |
| Cathie Wood's ARK files for new transparency ETF: no oil, banks, booze, chemicals or candy Posted: 01 Sep 2021 05:43 AM PDT ARK Investment Management is looking to debut a new ETF that will focus on transparency in companies and shun vice and sectors that run afoul of ESG investing like fossil fuels. In an SEC filing, Cathie Wood's shop outlines the fund, which looks to be at least 80% invested in stocks in its benchmark Transparency Index, published by Solactive. "Companies operating in the following industries, as determined by the Index provider, are excluded from the Index: (i) alcohol, (ii) banking, (iii) chemicals, (iv) confectionary, (v) fossil fuel transportation, (vi) gambling, (vii) metals, (viii) mineral, (ix) natural gas, (x) oil, and (xi) tobacco," ARK says in its filing. If approved, the ETF would be the second that Ark has launched this year. In March, the company started a fund focused on space-related investments, which has risen about 4% since its debut and now has more than $600 million in assets. Meanwhile, the firm's flagship ARK Innovation ETF (ARKK) is up to $22.5 billion, although it's down 2% year-to-date -- compared with a gain of more than 20% for the S&P 500. [link] [comments]  |
| Okta Announces Strong Second Quarter Results Posted: 01 Sep 2021 01:19 PM PDT [text](https://ca.finance.yahoo.com/news/okta-announces-strong-second-quarter-200100388.html SAN FRANCISCO, September 01, 2021--Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced financial results for its second quart...) Q2 revenue grew 57% year-over-year; subscription revenue grew 59% year-over-year Remaining performance obligations (RPO) grew 57% year-over-year to $2.24 billion Increases revenue and operating profit outlook for fiscal 2022 SAN FRANCISCO, September 01, 2021--(BUSINESS WIRE)--Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced financial results for its second quarter ended July 31, 2021. "In our first quarter as a combined company with Auth0, we're off to a fantastic start," said Todd McKinnon, Chief Executive Officer and co-founder of Okta. "Execution remained sharp with strong demand for Okta's workforce and customer identity solutions, as well as Auth0's developer-centric identity solutions. As organizations advance on their journey of improving their customers' digital experience, adopting zero-trust security environments, and deploying more cloud applications, they continue to turn to Okta to deliver an unmatched array of modern identity solutions to meet these challenges." Second Quarter Fiscal 2022 Financial Highlights: Revenue: Total revenue was $316 million, an increase of 57% year-over-year. Subscription revenue was $303 million, an increase of 59% year-over-year. On an Okta standalone basis (excluding $38 million attributable to Auth0), total revenue grew 39%. Remaining Performance Obligations (RPO): RPO, or subscription backlog, was $2.24 billion, an increase of 57% year-over-year. Current RPO, which is contracted subscription revenue expected to be recognized over the next 12 months, was $1.10 billion, up 60% compared to the second quarter of fiscal 2021. On an Okta standalone basis (excluding Auth0), RPO and current RPO increased 42% and 43% year-over-year, respectively. Calculated Billings: Total calculated billings, net of acquired deferred revenue, was $362 million, an increase of 83% year-over-year. Calculated billings includes the effect of billings process improvements that were enacted at the end of the first quarter of fiscal 2022. Excluding these changes, calculated billings would have been $345 million, an increase of 74% year-over-year. On an Okta standalone basis, excluding Auth0 and the effect of the billings process improvements, calculated billings increased 47% year-over-year. GAAP Operating Loss: GAAP operating loss was $263 million, or 83% of total revenue, compared to a GAAP operating loss of $45 million, or 23% of total revenue, in the second quarter of fiscal 2021. Non-GAAP Operating Income/Loss: Non-GAAP operating loss was $25 million, or 8% of total revenue, compared to non-GAAP operating income of $6 million, or 3% of total revenue, in the second quarter of fiscal 2021. GAAP Net Loss: GAAP net loss was $277 million, compared to a GAAP net loss of $60 million in the second quarter of fiscal 2021. GAAP net loss per share was $1.83, compared to a GAAP net loss per share of $0.48 in the second quarter of fiscal 2021. GAAP net loss and GAAP net loss per share include $150 million and $0.99, respectively, attributable to Auth0. Non-GAAP Net Income/Loss: Non-GAAP net loss was $16 million, compared to non-GAAP net income of $10 million in the second quarter of fiscal 2021. Non-GAAP basic and diluted net loss per share was $0.11, compared to non-GAAP basic net income per share of $0.08 and non-GAAP diluted net income per share of $0.07 in the second quarter of fiscal 2021. Cash Flow: Net cash used in operations was $3 million, or (1)% of total revenue, compared to net cash provided by operations of $11 million, or 5% of total revenue, in the second quarter of fiscal 2021. Free cash flow was negative $4 million, or (1)% of total revenue, compared to $7 million, or 3% of total revenue, in the second quarter of fiscal 2021. Cash, cash equivalents, and short-term investments were $2.47 billion at July 31, 2021. The section titled "Non-GAAP Financial Measures" below contains a description of the non-GAAP financial measures, and reconciliations between GAAP and non-GAAP information are contained in the tables below. Financial Outlook: Okta's financial outlook for the third quarter and full year fiscal 2022 includes the expected contribution from the acquisition of Auth0, net of purchase accounting adjustments. The acquisition closed on May 3, 2021. For the third quarter of fiscal 2022, the Company expects: Total revenue of $325 million to $327 million, representing a growth rate of 50% year-over-year; Non-GAAP operating loss of $35 million to $34 million; and Non-GAAP net loss per share of $0.25 to $0.24, assuming weighted-average shares outstanding of approximately 153 million. For the full year fiscal 2022, the Company now expects: Total revenue of $1.243 billion to $1.250 billion, representing a growth rate of 49% to 50% year-over-year; Non-GAAP operating loss of $119 million to $114 million; and Non-GAAP net loss per share of $0.77 to $0.74, assuming weighted-average shares outstanding of approximately 147 million. These statements are forward-looking and actual results may differ materially. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. Okta has not reconciled its expectations as to non-GAAP operating loss and non-GAAP net loss per share to their most directly comparable GAAP measures because certain items are out of Okta's control or cannot be reasonably predicted. Accordingly, reconciliations for forward-looking non-GAAP operating loss and non-GAAP net loss per share are not available without unreasonable effort. Conference Call Information: Okta will host a live video webcast at 2:00 p.m. Pacific Time on September 1, 2021 to discuss the results and outlook. The news release with the financial results will be accessible from the Company's website at investor.okta.com prior to the conference call. The live video webcast of the conference call will be accessible from the Okta investor relations website at investor.okta.com. Supplemental Financial and Other Information: Supplemental financial and other information can be accessed through the Company's investor relations website at investor.okta.com. Non-GAAP Financial Measures: This press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net margin, non-GAAP net income (loss) per share, basic and diluted, free cash flow, free cash flow margin, current calculated billings and calculated billings. Certain of these non-GAAP financial measures exclude stock-based compensation, non-cash charitable contributions, amortization of acquired intangibles, acquisition and integration-related expenses, amortization of debt discount and debt issuance costs and loss on early extinguishment and conversion of debt. Okta believes that non-GAAP financial information, when taken collectively with GAAP financial measures, may be helpful to investors because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP measures used by other companies. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by GAAP to be recorded in the Company's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by the Company's management about which expenses are excluded or included in determining these non-GAAP financial measures. A reconciliation is provided below for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. Okta encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company's business. [link] [comments]  |
| Posted: 01 Sep 2021 10:04 AM PDT I'm a pretty casual investor. I check in a few times a month, sometimes less. I bought some TLND many years ago. I was checking the price recently, and noticed a very strange jump and plateau. I found out it was because it was in the process of getting acquired for a set price, and thus it plateaued at that price. Naturally I went looking in my account to see how it did, and I can't find it. As I understand it, an acquired company stock turns into the stock of the acquiring company. That symbol is TBA, and I don't see it anywhere. Anyone have any insight what happened to it? Also, I can't exactly ask my bank, since I have 3, and I forgot exactly which one it was. I guess I could ask all three.... thanks in advance [link] [comments]  |
| Examples of multi-boom/bust that ultimately crash? Posted: 01 Sep 2021 04:25 PM PDT Obviously every stock experiences ups and downs, so I'm not sure exactly how to quantify this But it seems like companies that have a lot of big boom/burst cycles ultimately end up being overperformers While slowly converting the majority into seeing what they saw all along. Curious what the examples are of the opposite - where these stocks ultimately fail/hugely underperform to see if my reasoning is off here [link] [comments]  |
| Using sentiment on China tech narrative for picking up Chinese tech stocks on the rebound Posted: 01 Sep 2021 05:28 AM PDT For the past weeks ive been looking into choosing a moment to pick up Chinese tech stocks (Alibaba, Tencent etc) on the rebound. Now Ive found a post where they are keeping track of the Chinese tech narrative and it seems to be improving past few days. Have you ever used similar metrics in confirming or rejecting an investment thesis? And in this specific case? The original plot ( https://imgur.com/a/y5mX6HR ) and explanation (taken from original post, with permission). Data Data consists of (financial related) headlines, tweets, chatter that is collected over time. This is a fairly large dataset (about 2 gb) that is updated daily. Methodology Ive trained Neural Networks (Machine Learning) to recognize topics, emotions, sentiment etc in snippets of texts (headlines, tweets etc etc). Each snippet of text in the database gets assigned a score by being processed through these models. From here these scores are converted in to time series in order to see how emotions, narratives or sentiment evolves over time What are you seeing in the plot? The plot is an excerpt from a dashboard ive build. It shows (stock market specific) sentiment towards China in financial headlines/tweets etc over time. The legend shows other metrics which are switched off for clarity reasons. (from: https://www.reddit.com/r/AIinvesting/comments/pfsdsb/monitoring_the_china_tech_narrative_in_financial/ ) [link] [comments]  |
| How can both reverse repos and investing on margin be so high? Posted: 01 Sep 2021 06:46 AM PDT One aspect of the market that I am confused by is the fact that reverse repos ( now sitting at over 1 trillion) are being utilized so heavily by banks and institutions to essentially hedge against inflation. How, then, at the same time is margin so high in the market? How is it that liquidity is being freely given up for treasury collateral, but at the same time everyone is borrowing on margin to invest? Am I missing something? [link] [comments]  |
| How to convert QTS Preferred shares to cash after Blackstone acquisition Posted: 01 Sep 2021 10:03 AM PDT I owned some shares of QTS preferred A series stock. When Blackstone acquired QTS I assumed the stock would simply transfer to a new issue via Blackstone. It appears instead that I simply am unable to trade the shares I own, at least that's how it appears in my Fidelity account. From the announcement today:
It appears I should be able to convert the shares to cash but Fidelity seems not to be able to handle that, at least not via the app. Does anyone know the way to go about this? [link] [comments]  |
| Who else is concerned about cybersecurity stocks when the taper starts? Posted: 01 Sep 2021 09:57 PM PDT Who else is concerned about cybersecurity stocks when the taper starts? I love love love cybersecurity stocks, think they are in an underdeveloped sector that has plenty of challenges that will be addressed by many of the stocks like CRWD, FTNT, PANW, etc in the future HOWEVER I am most concerned out of any sector of stocks in the cybersecurity space when tapering begins or starts to become a real issue (in maybe 4-6 months?). To me, these stocks which are both tech and growth in a space that is still so under defined is going to suffer the most from taper more than tech names that have proven reliable for years and years, and bc the sector has easily done the best out of any "growth" stock in the past year or so. The problem is they are both speculative and successful stocks this year which means the most likely culprit for profit taking in comparison to FAANG stocks which the average trader still tries to hold onto for their entire life. What do people make of this? As much as I'd love to go totally all in on them ASAP, with tapering at some point going to rear it's ugly head probably in a few months, I'm not quite sure. [link] [comments]  |
| Posted: 02 Sep 2021 04:23 AM PDT BabyPig Token ($BPG) is a community-focused, decentralized cryptocurrency with a special self-driven cell-division mechanism. While holders are rewarded with reflections from each transaction we also automatically reward community members that help to build the coin. The first BSC token of its kind. Every $BPG holder can invite people to join the coin. When you send a small amount of $BPG to someone, you are their inviter and will be rewarded as they join and invest in the token. This directly rewards the community members that actively help us grow $BPG ! This is an international project with a core Chinese development team working alongside a UK based crypto team that are helping to build the English-language community, marketing, and competitions. We truly believe this coin could be the next big thing. We are unique, focused on rewarding our active community, have international reach, and most importantly . Seriously tho – we have huge plans for this coin. We are currently promoting with adverts live on PooCoin and …..! This coin is perfect for Twitter/Reddit competitions – so if you like Airdrops this coin is going to go crazy in the near future! TOKENOMICS: A 10% Tax is charged on each transaction: 4% added to LOCKED LP 2% reflections of each transaction go to holders Now let's get . $BPG holders are rewarded automatically when they help to bring others to join. By sharing just 10k $BPG to addresses which have not been invited yet, you will be their inviter. As thanks for bringing them to our community you'll be rewarded 2.4% distributed to inviter 1.6% distributed to inviter's inviter Instant rewards building BabyPig LINKS : 💬 Telegram: https://t.me/BabyPigCoins 🌐 Website: COMING SOON 🥞 PancakeSwap (V2): 📈 Chart (Bogged): https://charts.bogged.finance/?token=0x36Be6cD02469bC4e25F5c584273E0d7FAeF708F7 [link] [comments]  |
| Will the “Mu” variant be the cause of the next major drop in the market? Posted: 02 Sep 2021 01:22 AM PDT I am concerned with how the markets will react to the emergence of the Mu variant if we have not peaked in terms of the Delta variant? How should I proceed with my investments? [link] [comments]  |
| Gambling issue: when to take profits on options. Posted: 01 Sep 2021 11:01 AM PDT I bought a single option for a company called ZH and well I stink at options. All last week it was in the red, like really really in the red, and today I am in the green and up 10% on what I paid. I paid $285 it's now up $35. I have two more days to go, and most Fridays stocks go into the red to burn options holders. My gambling question is this: Do you cash out at 10% or do you 'let it ride' if you have a few days to go? It would seem if I always cashed out winning options at 10% I probably would have more wins, but also potentially leave cash on the table. What's your take on this? Note, I am not seeking 'financial advice' only gambling advice on options. I recognize that you are not a financial advisor. [link] [comments]  |
| Posted: 01 Sep 2021 07:46 AM PDT Been watching the sumzero's youtube channel, and $CANO came up as one of the listings. I started following the guy who recommended them on twitter, and he has been pointing out some very interesting facts. Lots of insider buying, both of stock and warrants. My understanding is that warrants aren't executable until $18 (stock is around 13-14 right now), which leaves a lot of room for growth until warrants expire. I can't remember the last time I saw upper management using their own money to purchase shares instead of trying to get them awarded. If that's not a bull indicator, what is? Their business model looks very interesting, but I'm concerned about how healthcare laws will affect them. Management looks capable from the earnings call transcripts I've read. Wondering if anyone else is in this stock, and if you have any concerns. It's a relatively small position for me. I'm in about 600 shares. [link] [comments]  |
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