Stocks - r/Stocks Daily Discussion Wednesday - Jan 19, 2022 |
- r/Stocks Daily Discussion Wednesday - Jan 19, 2022
- My 8 investing guidelines
- ARKK a buy now?
- SoFi Receives Regulatory Approval to Become a National Bank [SoFi Press Release]
- Activision shares soar 37% on report Microsoft will buy the video game giant
- Mr Market is there to serve you, not to guide you
- If Microsoft is buying activision at 95 dollars a share, how come the share price has risen to "only" 80 dollars?
- Ford expects $8.2 billion Q4 gain from Rivian investment. Earnings date 2/3/2022
- Greatest investors in history and their strategies
- Why is Microvast so cheap?!
- Jan 2024 calls portfolio - what would you buy?
- Next 1000 Unicorns will be in Green Energy
- Keep updating, what happened last night and this morning?----2022/1/19
- (1/19) Wednesday's Pre-Market Stock Movers & News
- Why doesn't everyone buy Activision Blizzard stocks?
- You need to calm down
- OCC Conditionally Approves SoFi Bank, National Association
- Coinbase as a stock
- JP Morgan Chase
- Can anyone explain why US treasury yields can be higher than S&P 500 dividend yields?
- INTC is entering the computer mining space. They are planning to release these ASICS in February 2022
- What happens if a stock gets delisted?
- r/Stocks Daily Thread on Meme Stocks Wednesday - Jan 19, 2022
- Luckin Coffee plots relisting in US two years after $300m fraud
- Thoughts on Upstart (UPST)?
- Foreigner wanting to invest in US stock market
| r/Stocks Daily Discussion Wednesday - Jan 19, 2022 Posted: 19 Jan 2022 02:30 AM PST These daily discussions run from Monday to Friday including during our themed posts. Some helpful links:
If you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. Please discuss your portfolios in the Rate My Portfolio sticky.. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 19 Jan 2022 05:56 AM PST I've been investing, trading, gambling for about 5 years now and I've done pretty much every rookie mistake there is. Sold winners from 2016 (Shop,Nvidia,AMD,Paypal) Lost fortunes on chasing that pennystock. Played and lost with trying to time the market, option trading. I've been very active during these years reading and learning and you be surprised how often people get sucked in to the same stuff you self did once. These are 8 guidelines that really helps me and that I've learn to appreciate over the years. 1.Don't FOMO Yes we all heard it. You know that feeling when people are posting crazy gains on these new stocks, we all saw the EV hype. It's so so easy to get sucked in to thinking, if I just put in some money right now I can get 10-20-50% gains in a few days! It's already up 200% this month, surely it will keep going!? This takes some real patience to keep your head cool and realize it could very well be overbought and the downside risk is just a lot higher than potential. I've seen several sector hypes. We all remember the crypto bubble, the weed bubble and now lately the EV bubble. They all come and go and the more of these you been in from the start the easier it is to realize what's going on. 2. Cut your losers and let your winners run Buying the dip is great when the market is down but if the fundamentals of the business is bad then usually this will just result in greater loss. On the flipside, if you have a few great picks and nothing fundamentally has changed and it keeps moving in the right direction then don't be afarid to keep adding. 3. When the overall market is down, you buy No one can predict the market, don't waste time on it. When the overall market is down your stock is literally on sale. Usually every sector is down when the market is down, your stock and business has not changed one bit however, it's just a lower price now. 4. Don't be afraid of corrections. Yeah it sucks seeing your portfolio down 20-30-40% but realize that stocks always go up, they seriously always do. Just keep your head down, keep buying and play that long game. 5. Small amounts can turn into big profits down the line When you get really into investing you seriously start rethinking your life. That new OLED 77 inch? Only 2k right? What do you think that 2000 could be in 10 years? You just want to put every damn penny you got in the stock market because compounding interests are just too good to pass up. So just rethink if really need that new thing now or if it could wait. 6. If the company keeps growing, why sell? Taking profit is good however not always the best thing to do. If the stock you have keeps growing and keeps crushing earnings. Why should you sell? Why just not keep it for years, it sure can be tempting but are you sure that money could be spent better elsewhere when it's easily growing in your winning stock. 7, Never regret that you didn't buy more We all been here. Why the hell didn't I buy more of Amazon? Why didn't I just put my whole paycheck in this stock!? You can never do this. It won't lead to anything, you can't fix it and you honestly did the best decisions at the time with the information you had. Realize that at the time this was the best decision, ofcourse hindsight it looks like you could have done a better decision. 8. Don't sell and buy in again to time a correction This is very hard and with the momentum some growth stocks have these days you might just end up loosing more of that profit even if there is a slight correction. Just keep the money in and stop worrying. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 19 Jan 2022 05:17 AM PST I know people been shitting on Cathie for the last year, which is understandable. I'm looking at the top holdings of the ARKK portfolio and other than Tesla, most of the stocks are pretty solid "growth" companies at 52 week lows, with most of them pre-pandemic levels. This is starting to look like a buy for me. Wonder what everyone else's thoughts are? ARKK starting to become a good growth play at these levels? Edit: I just want to clarify that I am not saying buy ARKK, but want to have a productive discussion on what reasonable levels could look like. Maybe some of you people just automatically downvote any ARKK related post out of pure disdain towards Cathie lmao.. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SoFi Receives Regulatory Approval to Become a National Bank [SoFi Press Release] Posted: 18 Jan 2022 03:18 PM PST SAN FRANCISCO, CALIF. – January 18, 2022 – SoFi Technologies, Inc. ("SoFi"), the digital personal finance company, today announced that the Office of the Comptroller of the Currency (OCC) and the Federal Reserve have approved its applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp, Inc., and operate its bank subsidiary as SoFi Bank, National Association. SoFi expects the acquisition to close in February, subject to completion or waiver of the remaining customary closing conditions. "This incredible milestone elevates our ability to help even more people get their money right and realize their ambitions," said Anthony Noto, CEO of SoFi. "With a national bank charter, not only will we be able to lend at even more competitive interest rates and provide our members with high-yielding interest in checking and savings, it will also enhance our financial products and services to ensure they efficiently meet the needs of our members, business partners, and communities across the country, while continuing to uphold a high bar of regulatory standards and compliance. This important step allows us to add to our broad suite of financial products and services to better be there for our members during the major financial moments in their lives and all of the moments in between. I'm incredibly proud of our team and excited about the opportunities ahead to help even more people achieve financial independence." Last year, in a key strategic step in SoFi's path to obtaining a national bank charter, the company announced a definitive agreement by its subsidiary Social Finance, Inc. to acquire Golden Pacific Bancorp, Inc. (OTCPK: GPBI) and its wholly owned subsidiary Golden Pacific Bank, N.A. (together, "GPB"). SoFi plans to contribute $750 million in capital and pursue its national, digital business plan while maintaining GPB's community bank business and footprint, including GPB's current three physical branches. At the time of the announcement, SoFi submitted a revised business plan for GPB to the OCC and an application to become a bank holding company and for a change of control to the Federal Reserve for approval. After completing the acquisition of GPB, SoFi Technologies, Inc. (NASDAQ: SoFi) will become the parent company of SoFi Bank, National Association. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Activision shares soar 37% on report Microsoft will buy the video game giant Posted: 18 Jan 2022 05:27 AM PST Shares of Activision soared about 37% in pre-market trading Tuesday following a Wall Street Journal report that Microsoft would buy the video game giant. More to come here: https://www.cnbc.com/2022/01/18/microsoft-to-buy-activision.html Apparently Bobby K to stay on board. Overall $68.7B purchase price for the company. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mr Market is there to serve you, not to guide you Posted: 19 Jan 2022 05:43 AM PST As I watch my growth stocks plummet, while the wider market barely registers a blip - I'm reminded of the timeless parable of Mr Market. First described by Benjamin Graham in 1949, then resurrected by Warren Buffett in a letter to shareholders in 1987 - the parable is as relevant today as it was then:
Mr Market is there to serve you, not to guide you [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 Jan 2022 10:45 AM PST Big news today as microsoft is set to aquire another video game giant in Activision at 95 dollars a share. Activision share price has soared from the news but as I am writing it, "only" about 25% to 80 dollars. Why not closer to 95 dollars? What would prevent this deal from going through? [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Ford expects $8.2 billion Q4 gain from Rivian investment. Earnings date 2/3/2022 Posted: 19 Jan 2022 09:04 AM PST Ford Motor Co. on Tuesday said it expects to book an $8.2 billion gain from its investment in electric vehicle maker Rivian for the fourth quarter of 2021 when it reports earnings Feb. 3. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Greatest investors in history and their strategies Posted: 19 Jan 2022 03:19 AM PST
Thanks to Brad Thomas for compiling this list on his VFC equity analysis article. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 Jan 2022 10:41 PM PST As the title states, I can't quite seem to get my head around why Microvast is so cheap. From my understanding, they are a vertically aligned company that produces batteries already and is generating revenue, they have key partnerships including a big one in the bag with USPS about to start (in 2022?) and about $700 million in funds to keep them going nicely. So why on Earth is the stock price so freaking low. The market drives me nuts lol what is it that folks are not seeing or are there red flags I don't see? Conversely, is it just a matter of patience, if so, could this be a $50 or more stock (reasons please)? Would be nice to generate a discussion on where can see MV going in 2022. Thanks [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Jan 2024 calls portfolio - what would you buy? Posted: 19 Jan 2022 04:48 AM PST Hello, I am thinking about setting up a new portfolio that will have calls with expiry date in 2024 - strikes around 25%-75% from the current price. Companies I have in mind atm are: - Desktop Metal (DM) - I believe 3D printing is gonna be a thing in following year and DM is current beaten down - Rocketlab (RKLB) - this one is literally to the moon or a bust. I think that reward might be generous in that one. - FUBO - another beaten down stock, but I like gambling and streaming combination here - Uranium Energy (UEC) - quite similar to RKLB - great risk, but huge upside if nuclear plants are going to be a thing again and I think they should. - SOFI - I am a bit late with that one as it seems that the approval everyone was waiting for has been granted, so and it seems that SOFI will open today around 15. Still, given the possibilities in 2 years SOFI can easily reach 30. I can imagine those are not the best stocks on the market, but I need to take costs into consideration and for those price to potential value in two years just seems good. Also, I am fully aware that this a kind of 'show me your bag without telling me that you are going to show me your bag' post, but still I am counting on some other interesting picks. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Next 1000 Unicorns will be in Green Energy Posted: 19 Jan 2022 07:53 AM PST According to BlackRock CEO Larry Fink's most recent annual letter the next wave of successful start-ups will be those that help make the transition to a carbon-free energy affordable. In the letter he argues that decarbonization of the global economy -- not the metaverse or c***to -- will create the "greatest investment opportunity of our lifetime" More than $4 trillion of BlackRock's $10 trillion assets under management has been invested in sustainable technology. And it's not all about startups. In some cases, Fink states, large incumbent companies "have an advantage in capital, market knowledge, and technical expertise on the global scale required for the disruption ahead." See full CNBC article here What green energy investments should we be making? Here's an options spread on ChargePoint that nets up to 51.0% (102.6% annualized) and starts to lose only if $CHPT drops by more than 16.8% through 8/19/22. Buy 1 $14 call [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Keep updating, what happened last night and this morning?----2022/1/19 Posted: 18 Jan 2022 11:57 PM PST Abstract:
International market Closing: US bond yields rose, US stocks closed lower, and the NASDAQ fell 2.6% U.S. stocks closed lower on Tuesday, with U.S. Treasury yields rising sharply, putting pressure on high-growth technology stocks. As of the close, the Dow Jones index fell 1.51% to 35368.47; The S & P 500 index fell 1.83% to 4577.34; The NASDAQ fell 2.60% to 14506.90. All large technology stocks fell, with apple down 1.89%, Amazon down 1.99%, meta down 4.14%, Google down 2.50%, Microsoft down 2.43% and Naifei down 2.83%. U.S. vaccine stocks fell sharply, biontech fell 13.66%, Novax pharmaceutical fell more than 11% and Moderan fell nearly 9%. Most of the popular Chinese concept stocks closed lower, and the high way rose nearly 10% against the trend Most of the popular Chinese concept stocks ended lower, with Alibaba down 2.26%, JD down 0.43%, Weibo down 2.25%, BiliBili down 1.81%, baidu down 1.03%, New Oriental down 6.63%, Netease down 1.57%, Tencent music down 2.96% and iqiyi down 1.44%; Pinduoduo rose 1.85%, Didi rose 2.36%, shell rose 4.9% and gaotu rose nearly 10% Us WTI crude oil closed up 1.9% on Tuesday, the highest closing price in eight years U.S. crude oil futures prices rose on Tuesday and reached the highest closing price since 2014. West Texas Intermediate crude oil futures for February delivery on the New York Mercantile Exchange rose $1.61, or 1.9%, to close at $85.43 a barrel, the highest closing price of WTI contracts in recent months since October 2014. US dollar and US bond yields rose, and gold futures closed lower on Tuesday Gold prices closed lower on Tuesday, erasing the gains caused by pessimistic economic data and the overall decline of global stock markets in the morning. US Treasury yields rose to their highest level since 2020 and the US dollar strengthened, making gold futures fall for the third consecutive trading day. On Tuesday, the price of gold futures for February delivery on the New York Mercantile Exchange fell $4.10, or 0.2%, to $1812.40 an ounce, rising as high as $1822.40. European stocks collectively closed lower, with Germany's DAX30 index down 1.01% Germany's DAX30 index fell 1.01%, France's CAC40 index fell 0.94%, Britain's FTSE 100 index fell 0.59%, Spain's ibex35 index fell 0.66%, Italy's FTSE MIB index fell 0.79%, and Europe's Stoxx 50 index fell 1.03%. International macro The money market expects the fed to raise interest rates by 50 basis points at a time, which will be the largest action since 2020 Money market prices show that more and more investors expect the Federal Reserve to raise borrowing costs on a large scale for the first time in more than two decades. Although raising interest rates by 25 basis points is still the most likely scenario, the swap market now expects the rate increase to exceed 25 basis points by the end of March. Given that no action is expected at the policy meeting this month, it shows that traders are considering the possibility of raising interest rates by at least 50 basis points in March. Since May 2000, the Fed has never raised interest rates so much in one breath. Crude oil soared to its highest level since 2014, and the Biden government said it was continuing to cooperate with oil producing countries As oil prices rose to a seven-year high, the White House said the Biden administration was working with oil producing countries to ensure that supply was sufficient to meet demand. The White House plans to continue to monitor energy prices in the context of global economic growth and will hold consultations with OPEC + countries if necessary, Emily Horne, a spokesman for the National Security Council, said in a statement on Tuesday. The manufacturing index of New York State unexpectedly fell to negative value in January, the largest decline in nearly two years In January, a manufacturing index in New York fell compared with the previous month, and the indicators of orders and shipments fell sharply, indicating that the Omicron mutant caused a decrease in manufacturing activity. Data released on Tuesday showed that the New York Fed bank manufacturing index fell sharply to - 0.7 from 31.9 a month ago. Below zero indicates a contraction in economic activity, and the data is worse than all economists who accepted Bloomberg's expectations. Company news Microsoft spent a lot of money on the acquisition of Activision Blizzard! Five key reasons for exposure Microsoft announced plans to acquire Activision Blizzard, a publisher of game development and interactive entertainment content, for $95 per share in cash, with a total transaction amount of about $68.7 billion. Activision Blizzard closed up 25.88% and rose more than 32% in the session In 2021, apple mobile phones accounted for 22% of global smartphone shipments, ranking first The latest report released by canalys, a data research institution, shows that thanks to the success of iPhone 13, Apple's mobile phone accounted for 22% of global smartphone shipments in 2021, ranking first in the global smartphone market, followed by Samsung with 20% market share. In addition, Xiaomi ranked third with 12%, oppo ranked fourth with 9%, and vivo ranked top five with 8%. Apple: Antitrust bill will increase security risks for iPhone users In a letter to lawmakers on Tuesday, apple warned that the antitrust bill under consideration in the Senate would increase the risk of security vulnerabilities for iPhone users, in part because it might force the company to allow applications to be downloaded outside the app store. Under the pressure of many parties, American communication giant at & T once again postponed some 5g deployment On Tuesday local time, at & T announced that it would postpone the deployment of 5g services around some key U.S. airports. At & T and Verizon originally planned to deploy 5g on Wednesday, but major U.S. airlines urged to postpone the deployment of 5g services on Monday, on the grounds that 5g services may lead to the unavailability of a large number of wide body aircraft, which may leave tens of thousands of Americans stranded overseas and cause chaos to U.S. flights. After the exclusive cooperation with hungry Yao expires, Starbucks and meituan carry out takeout distribution cooperation Starbucks, a well-known coffee chain giant, announced a partnership with meituan to allow its users to order coffee takeout through meituan platform. In addition to the delivery cooperation, the two sides will also launch a service that allows users to make private reservations in order to taste and learn how to make coffee in Starbucks stores. Goldman Sachs' trading revenue fell in the fourth quarter and the epidemic trading heat wave cooled Goldman Sachs Group's stock trading revenue fell in the fourth quarter, which further proves that the trading boom caused by the epidemic is cooling down. The bank's total trading revenue fell 7%, while analysts expected a slight increase; Among them, the stock trading income decreased by 11%. Although Goldman's annual revenue and earnings reached record levels, they still need to address investors' concerns about the decline of trading business. JD reached a strategic cooperation agreement with Shopify to further develop global e-commerce business Jingdong said in a statement on Tuesday that in order to improve its cross-border business, Jingdong has reached a strategic cooperation agreement with Shopify Inc., a Canadian enterprise. This cooperation will enable Chinese businesses to use Shopify's platform and market globally. Retailers on Shopify can also reach Chinese customers through JD and take advantage of JD's supply chain and logistics services. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (1/19) Wednesday's Pre-Market Stock Movers & News Posted: 19 Jan 2022 05:26 AM PST Good morning traders and investors of the r/stocks sub! Welcome to Wednesday! Here are your pre-market stock movers & news on this Wednesday, January 19th, 2022-Stocks are set to bounce slightly after better-than-expected earnings. Dow futures up 65 points
STOCK FUTURES CURRENTLY:(CLICK HERE FOR STOCK FUTURES CHARTS!)YESTERDAY'S MARKET MAP:(CLICK HERE FOR YESTERDAY'S MARKET MAP!)TODAY'S MARKET MAP:(CLICK HERE FOR TODAY'S MARKET MAP!)YESTERDAY'S S&P SECTORS:(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)TODAY'S S&P SECTORS:(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)TODAY'S ECONOMIC CALENDAR:(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)THIS WEEK'S ECONOMIC CALENDAR:(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)THIS WEEK'S UPCOMING IPO'S:(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)THIS WEEK'S EARNINGS CALENDAR:(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)THIS WEEK'S HIGHEST VOLATILITY EARNINGS CALENDAR:(CLICK HERE FOR THIS WEEK'S HIGHEST VOL EARNINGS CALENDAR!)THIS MONTH'S EARNINGS CALENDAR:(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)EARNINGS RELEASES BEFORE THE OPEN TODAY:(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)EARNINGS RELEASES AFTER THE CLOSE TODAY:(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #4!)YESTERDAY'S INSIDER TRADING FILINGS:(CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)TODAY'S DIVIDEND CALENDAR:(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)THIS MORNING'S STOCK NEWS MOVERS:(source: cnbc.com)
FULL DISCLOSURE:
DISCUSS!What's on everyone's radar for today's trading day ahead here at r/stocks? I hope you all have an excellent trading day ahead today on this Wednesday, January 19th, 2022! :)[link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Why doesn't everyone buy Activision Blizzard stocks? Posted: 19 Jan 2022 12:08 AM PST With the news of Microsoft acquiring them at $95 per stock, it seems like a good investment right now, 30% profit when the transaction completes (the current price is $72.59). Besides the risk of the transaction not going through, are there any other risks I don't understand? [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 Jan 2022 12:41 AM PST Maybe you dont want to hear it but probably need it. The panic in this group is insane. Most of you watched videos like: top 10 investment advice from buffet/lynch And as long the market grew everybody was a longterm/value investor and was suddenly an expert after 2 years of bull market. Now the market moves sideways and everybody is losing his mind. Throw everything they „learned" overboard and have to reconsider everything. Iam happy about that because the cockynes in this group espacially from the young investors was to big. Prepare for draker times and learn from it. When you sell a good stock at a loss you only help others to get rich quicker Cheers [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OCC Conditionally Approves SoFi Bank, National Association Posted: 18 Jan 2022 03:12 PM PST OCC Conditionally Approves SoFi Bank, National Association WASHINGTON—The Office of the Comptroller of the Currency (OCC) today conditionally approved applications from Social Finance Inc. (SoFi) to create SoFi Bank, National Association (SoFi Bank, N.A.), as a full service national bank headquartered in Cottonwood Heights, Utah. As part of the transaction, SoFi Bank, N.A. will acquire Golden Pacific Bank, National Association, a national bank insured by the Federal Deposit Insurance Corporation. Upon consummation of this transaction, SoFi Bank, N.A., will have $5.3 billion in total assets and $718 million in capital at the end of the first year of operation, and will continue to offer a range of local commercial-focused loan offerings and deposit products previously offered by Golden Pacific. The bank will also provide a fully digital, mobile-first national lending platform for consumers across the country. The conditions imposed require specific capital contributions, adherence to an Operating Agreement, and confirmation that the resulting bank will not engage in any (virtual currency)-asset activities or services. In addition, the parent company of SoFi Bank, N.A., SoFi Technologies, has applied to the Federal Reserve to become a bank holding company and therefore subject to consolidated supervision. "Today's decision brings SoFi, a large fintech, inside the federal bank regulatory perimeter, where it will be subject to comprehensive supervision and the full panoply of bank regulations, including the Community Reinvestment Act. This levels the playing field and will ensure that SoFi's deposit and lending activities are conducted safely and soundly, including limiting the bank's ability to engage in (virtual currency)-asset activities," Acting Comptroller Hsu said. "This action is consistent with the comprehensive legal and policy review of pending licensing decisions I initiated last May, and our work with other federal and state regulators to develop a coordinated approach to modernizing the federal regulatory perimeter. Like every other national bank we supervise, the OCC will require SoFi Bank, N. A., to be adequately capitalized, have strong risk management programs, policies and procedures in place, and provide fair treatment to its customers." [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 19 Jan 2022 09:08 AM PST So I'm new in stock trading so I would like to have your opinion on coinbase as a stock not a trading platform. I feel like it's a more safer investment than crypto but is it worth it? Thanks in advance [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 19 Jan 2022 07:16 AM PST Curious on what you guys think of this stock. I wanted to invest heavily into the stock in the beginning of this year but I've been reading some mixed reviews on the company, is it still a good long term buy? [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Can anyone explain why US treasury yields can be higher than S&P 500 dividend yields? Posted: 19 Jan 2022 08:30 AM PST I would have thought that when this happens, the S&P 500 would drop back down because of valuation reasons since the S&P 500 is a riskier asset than US treasuries and would command a higher yield. However, similar to the article linked, we are seeing US treasury yields higher than S&P 500 dividend yields today at 1.85% and 1.32% respectively. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 Jan 2022 12:29 PM PST The move would bring the chip maker into the same market with such companies at Bitmain and MicroBT. Intel, one of the world's largest chip makers, is likely to unveil a specialized mining chip at the International Solid-State Circuits Conference (ISSCC) in February, according to the conference's agenda. One of Intel's "highlighted chip releases" at the conference is entitled "Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Mining ASIC." The session is scheduled for Feb. 23. Edit: Link is filtered and expired. So just google "intel mining asics" to find the various news articles. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| What happens if a stock gets delisted? Posted: 19 Jan 2022 07:53 AM PST I usually stick to index funds and ETFs, but last year I put some money into VYNE which is a pharma stock that had a forecasted price target of $7. It has plummeted in value from $2 (my cost average) to $0.63. It was hovering around a dollar for the last few months and then for some reason last week it nose dived even further. I'm down about $600 and just holding because at this point I don't have much more to lose anyway, but if it ends up failing to get back above a dollar, what would happen? Does the stock just get liquidated? Would I be paid out for my remaining shares, or would it all drop to $0? [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| r/Stocks Daily Thread on Meme Stocks Wednesday - Jan 19, 2022 Posted: 19 Jan 2022 04:00 AM PST The meme stock scheduled posts will run Mon to Fri and won't be a sticky; you're probably seeing this because automod sent you here or you woke up early Wall St time; good morning! Welcome traders who just can't help them selves discuss the same exact stock that's been discussed 100s of times a day. I get it, you want to talk about what's popular, what's hot, and that 1.. single.. stock you like.. well here you go! Some helpful links just for you:
An important message from our mod u/TCGYT regarding meme stocks. Lastly if you need professional help:
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| Luckin Coffee plots relisting in US two years after $300m fraud Posted: 19 Jan 2022 09:21 AM PST
Source: https://www.ft.com/content/f8327af5-5203-44fd-acc7-267c7b475fa7 [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 Jan 2022 10:51 PM PST I only have one share I bought at roughly $43. It's definitely been fun watching this stock rise over the last year or so and I was sure tempted to sell around its peak but I've had a long view on the company since hearing about it. Since it's settled down lately, (roughly $109 as of today) would this seem like a good window to add to a position? I'm not looking for someone to tell me what to do, more just looking for general discussion because I feel like most resources I find feel artificial and have their own motive. I just want to know what other investors like myself think. As I've said I'm bullish but I've also only been investing for about 2 years so I'm sure there's a lot I don't know when I'm coming to that conclusion. EDIT: I'm just about as new to Reddit as I am to investing and the bot scared me about my post being low effort to not having enough DD. Like some have already said I do think it's priced higher than other companies in that sector which I believe is in part to the retail investing trend and UPST using AI which I think anything tech related excites people, especially those type of investors. Potentially those peaks just being due to hope for some insane breakout and realistically falling somewhere in the middle of where it was and where it is now. Even though it's priced higher I do think potentially disrupting the loan industry could be positive for the masses and deserve a higher valuation than existing business models in that sector. Amazon, Netflix, Tesla, Microsoft all have made moves to try and disrupt their industries and they have seemingly paid off. I'm not trying to say Upstart will blow up to that magnitude but it could be a push in a better direction. I'll just end this by saying if I didn't include enough stats in this my bad, I've buried my nose in numbers and articles about this and just came here for a more laid back, human discussion about the topic. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreigner wanting to invest in US stock market Posted: 19 Jan 2022 03:56 AM PST Hi. I live in Turkey and our currency TRY losing value and it fluctuates like crazy due to bad administration. It's impossible to invest when the market is like that here. Therefore, I decided to buy 20K$ and invest in US stocks. I got an account from a brokerage firm and I can invest in US stocks but I don't know anything about US stock market I'll probably invest in top tech companies AAPL, MSFT, AMD. I feel like there might be a reason for stocks to go down and everyone knows that but me such as FED's increasing rates etc. I don't know how much that affects stocks so I wanted to ask you whether my plan is sensible or not. [link] [comments] |
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