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Taxation of cryptocurrency transactions in Poland
2021.12.23 08:26 MANIMAMATaxation of cryptocurrency transactions in Poland
Despite the growing nature of virtual currencies - being the digital representations of value and utilities as a medium of exchange, they are still not officially considered to be legal tender in many countries across the globe, including in Poland. But that vague regulatory schemes didn’t stop their extensive use, so the officials are trying to address the legal gaps to minimize the risks and are regarding them as a potential means to increase central government revenue by introducing relevant taxes. In 2019, the legislative body eliminated doubts by introducing statutory measures to address the taxation regime of profits made from digital currencies. The article analyses the amended legislative acts, specifically Personal Income Tax Act (hereinafter “PIT” Act); Tax on civil law transactions Act (hereinafter: “PCC Act”) and Tax on goods and services Act (hereinafter: - “VAT Act”) and tax implication over transactions using cryptocurrencies. submitted byMANIMAMAtou/MANIMAMA [link][comments]Personal Income Tax Pursuant to article 10 of the PIT act, revenues obtained from trading cryptocurrencies are classified as the source of revenues from:
Income tax rates Income from cryptocurrency turnover qualifies for:
https://preview.redd.it/8h5em7ih98781.png?width=1866&format=png&auto=webp&s=7ad2aacd9d87aeadad3cd383bd3e5537727f8867 Tax-reducing amount, mentioned in the tax rate table above is deducted in the annual calculation of the tax and is estimated as following: https://preview.redd.it/8tbrmx5k98781.png?width=1716&format=png&auto=webp&s=50aba194b6e6b927fed6868cbacdd6b683092b46
Tax on civil law transactions The contract for the sale and exchange of cryptocurrency, constitutes as property law, thus is subject to tax on civil law transactions. In conformity with article 7 of the PCC act, as regards sales contract, the obligation to pay this tax in the amount of 1% of the market value of the property right acquired in the cryptocurrency sold - applies to the buyer. In the case of an exchange agreement, the obligation to pay tax - in the amount of 1% of the market value of the property right, on which the higher tax is due - applies jointly and severally to the parties to the transaction. Pursuant to art. 2 point 4 of the PCC Act, contracts for the sale or exchange of cryptocurrencies subject to value added tax (hereinafter:- “VAT”) are excluded from taxation of civil law transactions - to the extent that it is subject to VAT or if at least one of the parties to the transaction is exempt from VAT for this activity. Value Added Tax In line with article 8 of the Act on tax on goods and services, activities in the field of purchase and sale of virtual currencies are subject to VAT as a paid provision of services classified as electronic services, and therefore should be subject to VAT at the rate of 23%. However, for VAT purposes, the concept of currencies used as legal tender also includes the so-called cryptocurrency consistent with the norm Art. 43 sec. 1 point 7 of the VAT Act and CJEU judgment in Hedqvist C-264/14 case from October 2015. Meaning that, trading in virtual currency is exempt from this tax - in practice, anyone who receives income from trading in cryptocurrencies does not have to pay VAT, provided that the transaction is made in Poland. This means that the sale and exchange of a cryptocurrency for traditional currency and vice versa, as well as the exchange of one cryptocurrency for another, as long as it is subject to VAT, benefits from a VAT exemption. Therefore, it should be remembered that, as a rule, the taxpayer does not have the right to deduct VAT on the purchased goods and services related to the mining and purchase / sale of cryptocurrencies. Tax liability in terms of VAT arises when the cryptocurrency is sold / exchanged for traditional currency, as well as when one cryptocurrency is exchanged for another. The tax base (in accordance with the general rules on receiving remuneration from Article 29a (1) of the VAT Act) in the case of trading cryptocurrencies, both in terms of purchase / sale for traditional currency and for another cryptocurrency, is to be expressed in zlotys (PLN ). Tax-deductible cost Tax deductible costs are costs incurred in order to generate income or to maintain or secure a source of income. Such costs are therefore any expenditure which, collectively, meets the following conditions:
Crypto assets are becoming a recognized participant in the contemporary financial market. Their increasing value ignites the interests of many investors. Although cryptocurrencies are not yet considered legal means of payment in Poland, officials already established sound regimes to tax transactions carried out using these currencies. Currently, acquisition and possession of digital currencies and keeping cryptocurrency accounts are not taxed, while the incomes derived from cryptocurrency trade are subject to taxation in Poland. Moreover, individuals must submit annual tax statements to declare revenues received from these assets. However, there are still some loopholes in the regulation of taxation, specifically: part of the employees salaries can be paid in virtual tokens, while the legislation doesn’t specify percentage of remuneration to be paid in cryptocurrencies and fiat currencies. The regulatory updates clearly confirm that the government endorses the usage of digital assets as substitutes of traditional banknotes, but the truth of the matter is that their use is not yet comprehensively regulated. The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation. |
2021.12.21 05:36 MillennialBets$UAN - 2022 $60 Yield Distributions Multibagger
SubReddit:stocks, DD Click Here
CF 64.14(-1.03%)CVI 15.37(0.33%)CVR 25.65(1.16%)MLP 9.51(-1.25%)UAN 77.91(0.88%)
Disclaimer: I own options and shares of $UAN and have been in $UAN since March of 2021.
This is not financial or stock advice, but my analysis of the company.
I’m going to be explaining why CVR Partners ($UAN) is an interesting company in today’s market.
Their Website: https://investors.cvrpartners.com/
Glossary for Clarity:
$UAN - Referring to the security/stock
UAN - Referring to the product Urea-Ammonium Nitrate
CVR / CVR Partners - Referring to the company
Sidenote: UAN is sold as UAN28 and UAN32, referring to the nitrogen content of 28% or 32%.
What does CVR Partners do?
CVR Partners is a fertilizer commodity company that produces two products for sale. These two products are Urea-Ammonium Nitrate and Anhydrous Ammonia. These two products are used as nitrogen fertilizers in the agriculture industry, their largest market. They have two plants that produce these products. One is located in Coffeyville, Kansas. The other is located in East Dubuque, Illinois. The plant in Coffeyville uses petroleum coke as their input to produce Ammonia and UAN. The plant in East Dubuque uses natural gas as an input product, and can produce a variable amount of UAN and Ammonia, therefore they can sell whatever is more profitable at the time.
Brief History of UAN and Ammonia pricing and supply:
Prices of UAN and Ammonia were at quite profitable levels for CVR in 2012, which is reflected by $UAN price at the time. After 2012, the prices of these chemicals entered a downturn. Lots of production came online around the world driving prices of fertilizers down. UAN went from a high price of around $300/ton in 2012 to the lowest point of around $120/ton in 2019. Ammonia also went from its highs of $800/ton in 2012 to around $280/ton in 2019. However, covid has caused rippling supply chain issues around the world, and fertilizer is no exception to that.
Because of these global supply chain issues, costs of commodities worldwide have surged. UAN currently sits at around $600/ton and Ammonia sits at around $1350/ton, dwarfing 2012 prices, and there is no end in sight to price increases as there is a global shortage of nitrogen fertilizer products. The cost of natural gas worldwide, especially in Europe, has skyrocketed. Almost all nitrogen fertilizer plants, other than CVR’s Coffeyville plant, use natural gas as the feedstock. This has resulted in nitrogen fertilizer plants worldwide shutting down, including almost all European plants, as the cost of natural gas in Europe has seen an exponential increase due to supply constraints, making production of any fertilizers via natural gas feedstock untenable. Gas prices in the USA will not surge nearly as high, as the US is the largest producer of gas, whereas Europe has to rely on Russian gas lines for their supplies, and they cannot get along with Putin’s regime. These supply chain issues may now be further exacerbated with the Omicron variant of COVID spreading like crazy, resulting in more supply chain issues, extending the high European gas prices.
Chart of European Gas Prices:
https://i.imgur.com/AsIH2oy.png
You can read more about the surging prices of fertilizer as well as see price history here:
https://www.dtnpf.com/agriculture/web/ag/crops/article/2021/12/15/nitrogen-fertilizer-prices-continue
Due to CVR’s Coffeyville production plant using petroleum coke as a feedstock, it has a natural price advantage to traditional nitrogen fertilizer plants that use natural gas as a feedstock, as petroleum coke is a significantly less expensive feedstock on a per ton of fertilizer produced basis. Coffeyville produces about 1300 tons of Ammonia per day and 3000 tons of UAN per day. East Dubuque produces about 1075 tons of Ammonia per day and 1100 tons of UAN per day. It is clear from the above numbers that CVR’s larger producer of UAN, Coffeyville, has a huge cost advantage compared to other producers of UAN worldwide.
Furthermore, UAN has anti dumping import tariffs pending in the USA, which were petitioned by CF Industries, a much larger nitrogen producer in the US. Potash anti dumping tariffs were also successfully petitioned by another company in the US, one that escapes my memory. Potash is another fertilizer that is not nitrogen based, but has and also still is rising in price.
Read more about the tariffs here:
https://www.federalregister.gov/documents/2021/12/03/2021-26314/urea-ammonium-nitrate-solutions-from-the-republic-of-trinidad-and-tobago-preliminary-affirmative
CVR Partners Company Structure:
CVR Partners is a Limited Partnership in a Master Limited Partnership (MLP) structure. The General Partner is CVR Energy (Ticker $CVI). CVR Energy is controlled by Carl Icahn’s Icahn Enterprises, and CVR Energy owns approximately 33% of CVR Partners ($UAN). In this way, Carl Icahn has control over CVR Energy, and also has an interest in increasing share price, and increasing distributions from CVR Partners.
This is a beneficial partnership because CVR Energy produces petroleum coke, and CVR Partners gets their petroleum coke from CVR Energy. Because they are in this partnership, transactions are smooth, consistent, and efficient. There is reduced cost for both since CVR’s Coffeyville facility is located in the same exact place as CVR Energy’s oil refinery.
CVR Partners has a policy of distributing all available cash generated each quarter as distributions to unit holders. As such, available cash as determined by management at the end of each quarter will be distributed evenly between all unit holders. There are about 10.68 million shares/units outstanding (CVR Energy owns 33% of this number). Because this is an MLP, there are multiple tax implications that must be taken into consideration that will not be gone over here, as it is too complex for this analysis. However, do not purchase these units in a retirement account.
CVR Partners Acquisition of Rentech and Debt:
In late 2015-2016, CVR partners acquired Rentech Nitrogen in a 533 million dollar deal. Rentech Nitrogen became CVR’s current East Dubuque facility. This increased their debt by around 500 million, and they have had this debt ever since, due to the downturn in fertilizer pricing hitting their ability to pay back the debt hard. Because of this they have around 645 million dollars worth of debt today. Originally, this debt was due in 2023, with an interest rate of 9.25%, and recently 550 million of this debt was refinanced to 2028, with an interest rate of 6.125%. The remaining $95 million due in 2023 was kept, with a plan to pay it off over the next two years at a rate of $15 million each quarter. So far, two partial redemptions have been made at 15 million dollars each, and so there is only $65 million of this 2023 debt left. At the current rate, the 2023 debt will be gone around the end of 2022, beginning of 2023. Though the remaining 2028 debt is still not ideal, it is definitely positive that it was refinanced at a much lower rate and five years out. Lastly, CVR Partners plans to redeem new carbon tax credits in January of 2022. Currently, these credits are estimated to be around $50 million at least, but could potentially be more based on how they are calculated. This will also be applied to debt, and may pay off the 2023 debt faster, or be applied to 2028 debt.
Calculating Profits and Distributions & Determining a Fair Value for Future 2022 TTM:
Before going into the future profits, I want to briefly review 2021 distributions:
Distributions for 2021:
Q1: $0
Q2: $1.72
Q3: $2.93
Q4: Estimated at least $4 (Conservative)
CVR is finally getting the higher market prices for their products, as CVR typically presells their products 3-6 months in advance for Q3 and Q4, whereas for Q1 and Q2, they mostly get spot prices. We can see clear proof from the above that their pricing is improving. Now we must estimate for their next year's distributions. To do this I will make some assumptions as listed below:
Production of Ammonia per day = 2375 tons * 365 days
= 866,875 * 95% utilization rate
= 823,000 tons of Ammonia
Production of UAN per day = 4100 tons * 365 days
= 1,496,500 * 95% utilization rate
= 1,421,000 tons of UAN
Because there is a scheduled turnaround for Quarter 3 of 2022, we can expect to lose 8.33% of overall yearly production, as we will lose a third of Q3 production.
Therefore: 1-.0833 = 0.9167
823,000 tons/Ammonia * 0.9167 = 754,000 tons / Ammonia
1,421,000 tons/UAN * 0.9167 = 1,302,000 tons / UAN
Ammonia conversion to UAN rate was between 65%-70% for 2019-2020. Because of higher Ammonia prices, we will assume a lower conversion rate of 65%. We are then left with:
754,000 tons * .35 = 264,000 tons / Ammonia
Lastly, we assume the price for UAN is $550/ton and Ammonia is $1200/ton.
264,000 tons / Ammonia * $1,200 / ton = $316,800,000
1,302,000 tons / UAN * $550 / ton = $716,100,000
Total: $1,032,900,000 from sales of Ammonia and UAN not including any costs
Lastly, we need to figure out the cost of feedstock and production and operations.
Conservatively, we can estimate:
Cost of Revenues: $300 Million
Selling General & Admin Expenses: $25 Million
Depreciation & Amortization: $75 Million
Therefore Operating Income is: $632 Million
There are 10.68 million units: We get about $60 in distributions per share.
This averages $15 per quarter.
At a 10% yield, a historical yield for this company, we get around $600 per share for 2022 TTM.
At a 20% yield, we get around $300 per share for 2022 TTM.
While I did not calculate EBITDA, at a historical 7x-10x EV/EBITDA, this company would be valued somewhere around $300+ easily.
Why Consider $UAN:
As inflation continues at its current rate, and commodity prices increase, this company is a great hedge against inflation. It’s highly dependent on the price of UAN and Ammonia, and with the prices skyrocketing with no end in sight, combined with the global shortage, global supply chain issues, and increasing interest rates, this is one of the safest companies to invest in currently. If you buy shares right now, and prices stay the same, nothing goes wrong, you will get around 75% of your money back from distributions alone in a year’s time. This doesn’t account for share price appreciation, which will certainly happen if/when they throw off all this cash in distributions. Prices of UAN and Ammonia also certainly have more room to rise, as gas prices in Europe continue higher and global supply chains continue to be constrained.
2021.12.20 23:29 beebeezingRoth Conversion Strategy - to Withhold or not to Withhold
My current plan is to do the conversion in two chunks over two years and the question becomes whether to withhold the taxes at point of conversion. I have heard recommendations against withholding because the amount withheld would not be able to be put towards investments, BUT:
It looks like for the purpose of 5-year period for conversion the maturation of Roth contributions to be accessible penalty-free before 59.5 counts as the beginning of the tax year. Hypothetically if one were to convert from Rollover to Roth at the end of 2022 and withhold the anticipated taxes during conversion would that not allow for the amount withheld to have been 'put to use' towards investments for most of the year and then be accessible effectively in 4 years (because the 5 year clock starts at the beginning of 2022) and not 5, if the maturation date is accurate?
Under this scenario you would not suffer the impact of not having invested the amount withheld and will benefit from not having to pay the amount owed in lump sum during tax season the next year out of pocket since once the money has been converted into the Roth effectively it is locked down for the next 5 years.
So essentially, using the money from the investment account to pay the taxes rather than having to pay the taxes out of pocket if the main goal is to convert the assets from a early withdrawal penalty arrangement to a more liquid situation.
Comment if you need specific numbers. But basically I have estimated out what the conversion should be in order not to throw myself into a higher tax bracket.
Also I will not be subject to the potential effects of the Build Back Better bill on backdoor Roth even if it passes due to my income.
2021.12.20 00:39 MillennialBetsCall the $UBER! Destination: Gainsville, USA
Date: 2021-12-17 13:29:47, Author:u/BigDaddyDLo, (Karma: 2839, Created:Apr-2013)SubReddit:wallstreetbetsogs, DD Click Here
PICTURES DETECTED: this DD post is better viewed in it's original post
SomeTickers mentioned in this post:
Free Dating Sites List
GS 381.8(-3.92%)MS 97.13(-3.16%)JP 1.05(0%)RBC 140.09(0%)TLH 150.35(0.77%)UBER 39.68(5.25%)UBS 17.41(-2.52%)
Hey all, realized I should post my DDs for WSBOGs as well. Enjoy! Original DD
Drive with Uber and you can afford first class like me! – Rose DeWitt Bukater, Titanic Survivor
- Similar setup to Dec ‘19-Jan ‘20 rebound (1mo return ~+45%)
- Analyst EBITDA estimates too low; avg PT of $70! (+85%)
- Explosive ’22 EBITDA growth on increased op leverage
- Consistent 2022 Top Pick on Street; screens great for fund managers
- CEO bought 200k shares, major vote of confidence
- Wandered desert for '21, Entering promised land '22
- Calls price for good upside!
UBER has been getting hammered nearly all of 2021 for various reasons, none of which are due to fundamental shifts in the business. It's a far stronger company than pre-covid, as the pandemic era forced Uber to increase efficiency & financial leverage, making them more profitable on lower bookings. Return to full volume = Profits like Splash Waterfalls (see: Ludacris). Did I mention the CEO just said they had their best bookings week ever? Additionally, they should benefit from travel news over the next month as it continues to see strong recovery momentum despite Omicron.
Two important calendar events happen annually: Entering the new year and the second half. Funds are always for stocks to drive outperformance in that next period, and in the case of Dec, this leads to supply overhangs from tax-loss harvesting (TLH) suddenly being met with swift buying once the “coast is clear”. Like the overhang in ‘19, Uber could rebound out of this period toward the mid-to-high 40s where the CEO purchased 200k shares last month. Market mechanics converging with positive fundamental news should support a near-term multiple rerating.
Recap: This play is taking advantage of a rebound as the coast clears from overwhelming Dec supply (TLH & omicron fears), buying demand re-enters (week of 12/17) helping it break its downward channel, and a sentiment & technical reversal is signaled, leading to further upside momentum.
- Revenue Growth: +49% ’22, +31% ‘23
- Fwd P/S '22: 2.9x ... valuation and growth speak for themselves. Name one other company growing at ~40% 2yr CAGR trading at only 2.9x Fwd P/S.
- EBITDA Growth: +243% ‘22, +188% ‘23
- Explosive growth a direct result of prior investments across their platforms
- Does not yet account for CEO’s comments on 12/14 reaffirming 4Q21 EBITDA toward the higher end of the guide (orig: $25m-$75m), which likely flows through to slight estimate raises across the next calendar year as well.
- Uber continues to approach full profitability, currently estimated for Q2 ’23. I suspect Uber may pull this expectation forward at their Feb ER.
- Free Cash Flow Growth: ’22 +190%, ’23 +268%
- UBER’s efficiency initiatives have it on the brink of becoming a colossal FCF generation machine, with ’22 expected to be the year they flip FCF positive for the first time in history. Guess what factor should do well in the next phase of this market? My money is increasing FCF will be top of that list.
- Equity Investments
- The primary culprit of their Q3 miss, equity investment revaluation (i.e. Didi stake of 144mil shares) drove the bulk of their -$2.4B net income loss, not losses from actual business operations.
- CEO looking to strategically raise cash from these investments as they rebound in the future; with Didi relisting on Chinese markets, it will eventually flow through as a colossal earnings tailwind in the future.
- Analyst Price Target: $69.50, +86% Upside
- The buffer makes it a fantastic candidate to rebound and still have plenty of upside following their February ER.
- UBER named a Top 2022 Pick by Goldman Sachs, JP Morgan, Morgan Stanley and UBS so far. What do all these have in common? They comprise the bulk of investable assets and represent a significant portion of sell-side flow. Good PMs drive outperformance by buying early in a price turnaround and that’s roughly where we are.
Note: All positions assume a rebound to mid-to-high $40s by expiration. Prior resistance highs were $64.
Gen X/Boomers: Buy stock! No brainer.
Risk-Averse: April ’22 C42.5 currently presents 1-3x upside, expands to 5.5x on sustained momentum to $55 following Feb ER.
Quasi-Risk Averse: March ’22 C42.5 currently presents 3.9x upside, expands to 5.5x on sustained momentum to $55 following Feb ER.
Pump It Up! Junior: Feb '22 C45 currently presents 4.7x upside on a post-ER rebound to $50, expands to 9.5x on a rebound to $55, 85% of prior highs.
Pump It Up!: Jan ’22 C40 currently presents 5.5-9x upside on a rebound toward mid-to-high $40s
WSB Delight: Jan ’22 C42 currently presents 6.5-11x upside on a rebound toward mid-to-high $40s
My positions: I’m accumulating all of the above, finishing my purchasing over the days ahead as we take advantage of volatility from options expiration and the market holding its breath through the Fed announcement. Instead of posting this write up on Dec expiration (12/17) as planned, I decided to crank it out earlier due to the attention boost UBER got 12/14 so people could start legging in positions. Keep in mind the current positioning of the options market should create a gravitational pull toward $40 into 12/17 expiration at the same time TLH starts to subside.
Regarding regulation, which I originally cut for length due to it not being relevant to this trade:
I'm glad you mentioned that as I cut it out for length. As RBC stated in a recent report:Original Comment
We view outcomes similar to Prop 22 in CA as more likely, where driver protections are put in place with an emphasis on those pursuing full-time driving which affects the minority of drivers.
As BTIG stated in a recent report titled 'UK Ruling More of a Win Than Headlines Suggest':
UBER reclassified UK drivers as workers in 3/2021 and competitors didn't match, which meant thatUBER's costs [already] went up...The net result should be... a level playing field... and finally a scenario in which UBER could raise prices to offset the higher costs... since the reclassification.
Chart 1:
Stock found solid support at 2020 resistance levels, leading me to believe this is the bottom. A reversal toward the upper end of the channel should lead to a breakout from the downtrend in price and sentiment.
submitted byMillennialBetstoMillennialBets [link][comments]
2021.12.19 15:25 KonekoBotSun Dec 19 23:25:17 2021
> Cathie is in for the long term. I mean...is it? Seems more like a handy way to market an ETF on speculative new PubCos after getting lucky on betting the farm on TSLA a few years back. Honestly, feels like she's just trying to ride the hype train out to an early retirement & a couple sweet Board-gigs.
KEYWORD : TSLA DATE : Sat Dec 18 23:10:53 2021 SUBREDDIT : StockMarket
me just dca'ing each of : NVDA, MSFT, TSLA, VTI, AMD, AAPL, SQ and keep building on it. what would be urs.
KEYWORD : TSLA DATE : Fri Dec 17 18:02:02 2021 SUBREDDIT : stocks
New price points for me: SHOP < 1000, MSFT < 300, goog < 2500, se < 200, BABA < 25 (lol), TSLA < 50, Any arks if Cathie pays me to own them. Let's make some of these happen!
KEYWORD : TSLA DATE : Fri Dec 17 14:44:31 2021 SUBREDDIT : stocks
Why is ARKK unloading TSLA ? Tesla is the lowest weighting in almost 2 years. Down to 7%. Why the rotation out when she says $3000 target? Shady?
KEYWORD : TSLA DATE : Sat Dec 18 17:40:52 2021 SUBREDDIT : stocks
TSLA is now the cash position in her portfolio to sell to buy dips in something like HOOD (LOL). Doesn't make any sense, but it's true. In the Nasdaq selloff in mid-February-March, she still had names such as Apple I believe (edit: not in ARKK, but in ARKW, yeah), and a name such as that was purely a cash position for her as it was sold off to buy dips in mid to small cap tech. Those names are gone now due to that, so the only position that I believe can be a cash position here is TSLA. I wasn't involved in the meme stock games in late January, but you'd have a hard time selling me on the idea of HOOD still being 'innovative' (which is why I put LOL). It was innovative in that it was a zero fee broker, but that is not a special thing today in the US at least.
KEYWORD : TSLA DATE : Sat Dec 18 21:01:41 2021 SUBREDDIT : stocks
Exactly. TSLA was at a high valuation, and more importantly, it’s highly liquid. Arkk make a lot of questionable decisions, but selling TSLA at 1000 or near makes a ton of sense for the current environment and the makeup of her fund.
KEYWORD : TSLA DATE : Sat Dec 18 19:34:49 2021 SUBREDDIT : stocks
This. Makes me wonder about those who are 100% in QQQ or TSLA. But then again... Those folks have made so much in gains the past ten years...
KEYWORD : TSLA DATE : Sat Dec 18 14:43:39 2021 SUBREDDIT : stocks
I like LIT the most because it doesn't have TSLA and NVDA as it's top 2 holdings. Nothing against those companies, I think I'm personally more interested in the battery tech than the vehicles themselves. If I were to put money in one it would probably be LIT. BATT and REMX are also interesting. TSLA seems to anchor most of these, though. That's prolly fine, I'd be curious to watch the performance of an equally weighted ETF of that type but I'd probably be disappointed.
KEYWORD : TSLA DATE : Sun Dec 19 11:05:02 2021 SUBREDDIT : stocks
AFRM, AAPL, NVDA, AMD, U, SHOP, TSLA, SQ, AMC, FUBO
KEYWORD : TSLA DATE : Sat Dec 18 00:51:32 2021 SUBREDDIT : stocks
PLBY SOFI SAVA TSLA MSFT AAPL NVDA ABNB COST and a stock that can’t be named apparently..
KEYWORD : TSLA DATE : Sat Dec 18 04:38:37 2021 SUBREDDIT : stocks
AAPL MSFT O NVDA AMD TSLA MRNA COIN V PYPL
KEYWORD : TSLA DATE : Sat Dec 18 04:53:44 2021 SUBREDDIT : stocks
EQQQ, AMD, TSLA, MSFT, NFLX, and VUSA. They're the main ones anyway
KEYWORD : TSLA DATE : Sat Dec 18 06:28:16 2021 SUBREDDIT : stocks
Good picks OP Tier S (profitable growth tech 1): NVDA, MSFT, AAPL, GOOG, ASML Tier A (profitable growth tech 2): AMZN, FB, TSLA, many semiconductor stocks Tier B: ADBE, CRM, Unprofitable cloud/ tech stocks Tier C: Healthcare, Fintech, Unprofitable non-tech growth (ABNB, COIN, SNAP etc.) Tier Snooze returns i.e. only for diversifying after you are wealthy & want to collect dividends: Utilities, Industrial, Banks, Consumer staples, Consumer discretionary, Materials Tier Avoid: Energy (Oil & Gas), Tobacco
KEYWORD : TSLA DATE : Sat Dec 18 08:31:41 2021 SUBREDDIT : stocks
I'm going out on a limb and will say TSLA finishes 2022 below $1,000. Also AAPL will underperform.
KEYWORD : TSLA DATE : Sat Dec 18 11:08:21 2021 SUBREDDIT : stocks
TSLA, PLNHF, TTCF, SQ, SOFI, MTTR, HUT, CRSR, NVTA, PLTR
KEYWORD : TSLA DATE : Sat Dec 18 16:41:29 2021 SUBREDDIT : stocks
As long as GOOGL is holding active government contracts or considered a top choice for national defense contracts, it will NOT be broken up. Same goes for MSFT, AMZN, META, and TSLA. If such a bill ever made it, Nancy Pelosi and other stock market participants in Congress will not approve of such a disruptive event to the markets.
KEYWORD : TSLA DATE : Sat Dec 18 01:19:30 2021 SUBREDDIT : stocks
Nvm it's TSLA?!
KEYWORD : TSLA DATE : Sat Dec 18 10:53:28 2021 SUBREDDIT : stocks
Honestly, if you are looking into anything that will provide stable growth/security for 2 years I would go with literally anything involving the meta-verse or anything involving social media. Personally, as of right now I own a LITTLE FB but I hate everything about them. The meta-verse is already here and it is here in a HUGE way but nobody sees it. For example, TikTok is already a huge component in it. They are having big celebrities live stream and smaller people also collab with each other live or their viewers. This isn't just about VR, look at Fortnite they are a great example of having an event in the virtual world. HECK even Reddit wants to start up a cryptocurrency with their Karma similar to any gamer buying in game currency. A lot of games have already been doing this for years like Call of Duty where you can buy DLC which is an inanimate object that you 'own' in-game or different 'accessories' in the game. The Wii was also a VERY early adoption of the meta-verse and I think Nintendo if they can get a console right will be a huge player in it. I think there may be a crash but I don't think it is something to change your investing strategy over. In fact, I keep putting more and more money in a don't think it's too late. Yes, I think certain stocks are WAYY over-valued Ex TSLA. But I think the governments of the world will not let it collapse until the very last second. They will keep making money until it is too late and crypto will take over. It isn't just the U.S. printing money but almost EVERY SINGLE country. This isn't the end by a long shot, I think other countries will start to stop looking at us as a stable currency and economy then things will start to tank but until then I think overall the best bet is APPL, AMD, NVDA, TM, FB, SBUX, MCD, then any companies that start implementing gamification into their services. Example Starbucks and some banks and fintech.
KEYWORD : TSLA DATE : Sun Dec 19 04:53:32 2021 SUBREDDIT : stocks
Yeah, I remember my first time reading the intelligent investor too. Sadly, You're missing the point. We said tech as a sector isnt specified to one industry. Financial tech cant be equated to amazon (retail and cloud). OP asked about diversification. So, not wrong. You are just bringing new factors into the mix that OP didnt bring up. No one is talking premiums or timing the market, we are talking diversification. It's not our feelings, it's fact. Tech consolidates. Tech isnt a sector within itself. Finance is a sector, retail is a sector, automotive is a sector. They are all run by individual tech companies that have outperformed and disrupted the status quo but arent comparable to each other under one umbrella as they operate in different sectors. Therefore if you own AMZN, SQ and TSLA. You are diversified to an extent even though they are all tech. We weren't discussing 'Fundamentals' So, I'm sorry but you are wrong. You should probably learn to read before you recommend it to others.
KEYWORD : TSLA DATE : Sat Dec 18 14:16:37 2021 SUBREDDIT : stocks
I sold a pre split TSLA at 365 at a loss.. if I just held I'd have 100 shares post split and it would have been worth a lot
KEYWORD : TSLA DATE : Sat Dec 18 08:39:58 2021 SUBREDDIT : stocks
So many errors. Lets go! - GME, had 600% profit but did not sell. Sold at 200% profit - AMC sold at -50% loss. One month later the stock increases 1000% - TSLA. Sold with 10% profit. One month later it went from about 600 to 1200, increasing ca. 100% - BB. Currently have 60% loss - WISH. Currently have 60% loss on a HUGE investment Rest of my portfolio is deep in red
KEYWORD : TSLA DATE : Sat Dec 18 19:57:33 2021 SUBREDDIT : stocks
FOMO all in on TSLA after GME failure. And not buying more when it dipped. Ended up being ok, but never doing that again. Could have been down $4k realized loss
KEYWORD : TSLA DATE : Sat Dec 18 05:28:59 2021 SUBREDDIT : stocks
Don’t worry more about it. GME, TSLA, AMC, those things were flukes. Anomalies. Freaks of nature. If we keep regretting misplaying those then we’re never going to get over it and look for solid opportunities. I say this, but I don’t do this. I wish I knew how to fully let go of regret. Maybe we need a Buddhist stock sub…
KEYWORD : TSLA DATE : Sat Dec 18 20:04:54 2021 SUBREDDIT : stocks
I think that the market will be bearish till january or so and then it will start to recover but tbh I dont understand why more ppl dont just put some cash into AAPL or MSFT or TSLA or AMD or anything tech rly I mean look at the average gain per year and you get about 20 to 40%+ returns thats what I do with part of my portfolio and I yolo the rest doing some good DDs and thats how I make some cash I mean its ur money u do what u want and u should not trust ppl online do your own research but imho its really not that hard to make money in the market in the long term (1 year) its hard to time the market to make constant high profit and make millions in the same long term
KEYWORD : TSLA DATE : Fri Dec 17 14:44:02 2021 SUBREDDIT : stocks
The All in Podcast had a good segment on this. Worth a listen to anyone interested. They explained a spread trade. Long Microsoft & Google + Short rest of the FAANG names. It think over the long run MSFT, GOOGL & TSLA will outperform most of the portfolios out here.
KEYWORD : TSLA DATE : Sat Dec 18 19:39:24 2021 SUBREDDIT : stocks
At today's valuations it is entirely possible for any company in any sector to have its stock price drop 70% with any ending of the market cyle in a real recession. 50% of the drop in stock price would come from a reversion to the mean and the additional 20% would come from the inevitable overshoot on the reversion. Some of the over 10 times revenue companies would likely drop more than that and some of the basics like energy and materials would likely drop a bit less. But the only thing holding up these valuations is irrational exuberance and zero interest rates. The absolute best we could hope for is a 10-15 year flat market and earnings double without an earnings recession so that the valuations could return to the mean without crashing over that 15 year period. Although I am hopeful I think it is a pipe dream. Now what to do with that information? If you are young and most of your investing is done for retirement which is 3-5 decades away, you simply keep contributing to your retirement accounts and relish the time when that 401k contribution buys twice as many shares as it did in 2021. You are golden. If you are holding ARKK or TSLA or ZM in order to buy a car in a year or two or make a downpayment on a house in that timeframe it would be best to rethink what you are doing. If you are retired and have a nice nestegg you might lighten up a bit on your equity exposure and make sure you have enough money in cash or very short term bonds to pay your bills for a decade or a bit longer. It may be that long before you can again sell equities at these prices.
KEYWORD : TSLA DATE : Sat Dec 18 23:14:14 2021 SUBREDDIT : stocks
Damn I remember when I went from 1200-34000 account balance in 3 weeks riding TSLA up. Then I lost it all lol 🙄
KEYWORD : TSLA DATE : Sat Dec 18 15:57:27 2021 SUBREDDIT : wallstreetbets
80% of my portfolio is TSLA puts for this friday. How fucked am I?
KEYWORD : TSLA DATE : Sun Dec 19 08:11:20 2021 SUBREDDIT : wallstreetbets
I bought TSLA calls and it instantly went down
KEYWORD : TSLA DATE : Sat Dec 18 03:33:07 2021 SUBREDDIT : wallstreetbets
I just saw that loss porn of the guy who lost his life savings by buying NVDA and TSLA calls. It would have probably hurt less if he lost money on shitty stocks but imagine losing all your money on 2 of the best performing stocks of this bull market.
KEYWORD : TSLA DATE : Sat Dec 18 04:29:38 2021 SUBREDDIT : wallstreetbets
Isn’t Rounders pretty much the biography of every Ape in WSB? Dude is in debt front OTM 0DTE failed calls. In order to get back in the green he doubles down against a giant (real Wall Street), makes one last ditch yolo, tooling all the tendies he doesn’t really have and…unlike the fucks in here…he wins against the house… It’s the Cinderella story we tell ourselves over and over while we are clicking on “make trade” on 0DTE far OTM calls on TSLA while it’s dropping 5% a day
KEYWORD : TSLA DATE : Sat Dec 18 13:51:01 2021 SUBREDDIT : wallstreetbets
Bottom right is TSLA put/call holders; respectively.
KEYWORD : TSLA DATE : Sat Dec 18 10:26:37 2021 SUBREDDIT : wallstreetbets
Had 25 91c when GME was at 80ish. I had them when I saw GME peak at $500, and I had them when GME dropped like 50% that day. Worst day of my 19 years of existence. Lost all the money I made in TSLA from January (around 40k)
KEYWORD : TSLA DATE : Sat Dec 18 20:05:42 2021 SUBREDDIT : wallstreetbets
I am not invested in WISH, but I will be laughing along with the bagholders when this shit goes to $30. People don't understand that the market is cyclical and tommorow they'll be making memes about TSLA holders who bought at 2000 and then it went to 300 because the growth has been priced in.
KEYWORD : TSLA DATE : Sat Dec 18 15:59:05 2021 SUBREDDIT : wallstreetbets
lol seriously though buy the TSLA dip
KEYWORD : TSLA DATE : Sat Dec 18 07:21:59 2021 SUBREDDIT : wallstreetbets
TSLA needs to dip below 800 before I think of buying. Probably closer to 750
KEYWORD : TSLA DATE : Sat Dec 18 14:03:23 2021 SUBREDDIT : wallstreetbets
It can be said about any growth stock. Even the ones making profit. This is not a new TSLA but if you think CLOV won't be sitting at 20 minimum in a couple of years you don't understand anything about greed and human nature. Chamath and a lot of other people invested in the company. They make more revenue than PLTR and PLTR is considered to be a potrntial begemoth.
KEYWORD : TSLA DATE : Sat Dec 18 16:04:08 2021 SUBREDDIT : wallstreetbets
TSLA could go down 50% tomorrow and I still think it would be over priced.
KEYWORD : TSLA DATE : Sat Dec 18 17:04:52 2021 SUBREDDIT : wallstreetbets
Not in this account... $1,802.32 is the balance A quote from his/her account yesterday 'ALL losses from TSLA, NIO, NVDA. Most recent loss with my last 7K. Cutted my loss today at the bottom.'
KEYWORD : TSLA DATE : Sun Dec 19 01:42:35 2021 SUBREDDIT : wallstreetbets
How do you lose money in TSLA and NVDA?
KEYWORD : TSLA DATE : Sun Dec 19 04:47:45 2021 SUBREDDIT : wallstreetbets
Just buy the TSLA dude we all are
KEYWORD : TSLA DATE : Sat Dec 18 23:52:36 2021 SUBREDDIT : wallstreetbets
Positions are in the 3rd and 4th images. TSLA $940 Calls 12/17 Expiry, in at 7:32 am PT, out at 7:52 am PT Funny story about that daily chart, as you can see, it spikes to about +$86k in the morning on a different TSLA call. I ended up selling that at break even, and buying in a little later. Same-day expiry is wild. Note: I thought I was hot shit after that trade, so I put $21k on GME calls at the tippy top, lost $15k on that, hence the 1 day total of +$139k
KEYWORD : TSLA DATE : Fri Dec 17 21:36:40 2021 SUBREDDIT : wallstreetbets
All that matters is the percentage really. 233% gains in less than 19 mins with TSLA options happens all the time. A ten bagger in 19 mins would be it
KEYWORD : TSLA DATE : Sat Dec 18 05:26:47 2021 SUBREDDIT : wallstreetbets
OP history $20k GOOGL gains in 5 min $55k TSLA gains in 30 min And now $153k in 19 min. This guy fucks !(emotet5_2th524735)
KEYWORD : TSLA DATE : Fri Dec 17 21:59:05 2021 SUBREDDIT : wallstreetbets
OP simply played the momentum once the reversal took place. If you know how to read chart and TA shit you'd see TSLA made the higher high reversal on 1-minute chart around 7:30am PST which indicates buyers in control and create that momentum, then he made his move, no one knows what it will do next but our man got out at the perfect top of the day. Bravo 👏👏👏
KEYWORD : TSLA DATE : Sat Dec 18 07:11:12 2021 SUBREDDIT : wallstreetbets
OP simply played the momentum once the reversal took place. If you know how to read chart and TA shit you'd see TSLA made the higher high reversal on 1-minute chart around 7:30am PST which indicates buyers in control and create that momentum, then he made his move, clearly any trade can go either way like he said it could have been -$30k loss in minutes but our man entry and exit was near perfecto 👏👏👏
KEYWORD : TSLA DATE : Sat Dec 18 07:13:14 2021 SUBREDDIT : wallstreetbets
You know, that's the crazy part, my trade is 200 out of the total option volume in those 30 minutes. There was easily another 3000 contracts exchanging hands during that time. And that's only one of MANY possible liquid options contracts for TSLA. I'd imagine this is chump change to some.
KEYWORD : TSLA DATE : Sat Dec 18 09:48:47 2021 SUBREDDIT : wallstreetbets
So...I've already cashed out, as you can see between pictures 3 and 4. Also, an ITM option will ALWAYS sell for at least the intrinsic value of the option. i.e. I had a $940 call, and TSLA stock was sitting at 960 when I sold. I may have sold at 21.80, but that's only $1.80 in extrinsic value. At the minimum, it would've sold for $19.5 per contract, because big institutions would be braindead if they didn't want the free money (since the option is worth $20 at minimum).
KEYWORD : TSLA DATE : Sun Dec 19 01:19:00 2021 SUBREDDIT : wallstreetbets
You know that feeling in your plums when you want to bet half your account on same-day expiry TSLA calls? It called to me. The plan is to put the gains in the bank, and continue gambling with the rest.
KEYWORD : TSLA DATE : Fri Dec 17 21:48:36 2021 SUBREDDIT : wallstreetbets
I was the same trade today, less capital though. 1: TSLA filled a previous price gap in premarket, so you knew it was going to have a good run, just based on technicals. 2: on the dip between 10 and 10:20, TSLA order flow never became bearish. Big money was eating all the way down. My entry was at VWAP, as TSLA tends to respect that, so I was early but not wrong.
KEYWORD : TSLA DATE : Sat Dec 18 08:11:56 2021 SUBREDDIT : wallstreetbets
>...half of your account on same-day expiry TSLA calls? What account?
KEYWORD : TSLA DATE : Fri Dec 17 22:39:17 2021 SUBREDDIT : wallstreetbets
I sold right after the screenshot. Also, I'm not sure what rocket you're talking about, I sold at the high of day, for both TSLA as well as the option itself. Holding 0DTE options until late in the day is a recipe for disaster.
KEYWORD : TSLA DATE : Fri Dec 17 22:33:18 2021 SUBREDDIT : wallstreetbets
Nah, the man simply played the momentum once the reversal took place. If you know how to read chart and TA shit you'd see TSLA made the higher high reversal on 1-minute chart around 7:30am PST which indicates buyers in control and create that momentum, then he made his move, no one knows what it will do next but our man got out at the perfect top of the day. Bravo 👏👏👏
KEYWORD : TSLA DATE : Sat Dec 18 07:10:43 2021 SUBREDDIT : wallstreetbets
You say that, but in reality, there's plenty of people who lost their shirts buying each dip, thinking it was the last. There was another comment here about a guy losing $40k on TTD options during that volatile period. The thing is, there's plenty of opportunities like this everyday. If a stock is moving a lot more than its IV, there's plenty of money to be made there. During that volatile time, the expected move for TSLA was nearly 5% per day, so you'd need a 7% move to make money. Now, it's probably only 1-2% per day, so a 3% move in TSLA today makes the same amount of profit as a 7-8% move back in April 2020.
KEYWORD : TSLA DATE : Sun Dec 19 01:05:54 2021 SUBREDDIT : wallstreetbets
I paid $6.5 for a $940 call when the stock price was at $930. Meaning I needed a $16 move in TSLA in the next 6 hours in order to break even. Instead, it moved $30 in 30 minutes, changing the value of the option to $960-$940 = $20 (at expiry). Since there was 5 hours left in the day, I was able to sell the option at $21.65, leaving roughly $1.65 for theta on a very ITM call.
KEYWORD : TSLA DATE : Sun Dec 19 01:14:38 2021 SUBREDDIT : wallstreetbets
Honestly, I've said this before, but despite its volatile history, TSLA is nearly ALWAYS more volatile than its IV on any given day. In simplest terms, a stock can go up, down or stay even. Since TSLA rarely ever stays even AND moves far more than implied volatility, its single-handedly resulted in my biggest gains and losses.
KEYWORD : TSLA DATE : Sat Dec 18 00:47:55 2021 SUBREDDIT : wallstreetbets
TSLA can go up $75 in 1 day… there’s still a chance to make some back
KEYWORD : TSLA DATE : Fri Dec 17 23:07:07 2021 SUBREDDIT : wallstreetbets
You sold wayyyyyyyy to soon ! You feel bad now ?? Wait until next week when TSLA is $1187 !!!’
KEYWORD : TSLA DATE : Sat Dec 18 03:39:51 2021 SUBREDDIT : wallstreetbets
In all seriousness, firstly: that is fucking rough to lose all that money, especially when you earned it all working retail. I'm sure it hurts really bad, but you'll get through it. Try not to dwell on it. Go out, hang out with friends, and try to remember that money is NOT the key to happiness. Secondly, you're young, like practically a goddamn baby for investing. You're supposed to take higher risks when you're younger because you'll have more time to make up major losses. This is a big loss, sure, but you'll have more income, you'll be able to invest again and hopefully do better, which leads me to Third, when it's not such a painful subject for you to think about, figure out exactly what mistakes you made so that you won't make them again. Think about different strategies. Finally, use this as a lesson to not invest more than you are willing to lose, especially if you're going fucking balls deep into options. The typical recommended time horizon for money you invest is 5 years. With the exception of MAYBE NIO, TSLA and NVDA will both almost certainly be higher than they are now in 5 years. If you bought shares at the top of each then the market crashed, eventually those holdings would probably turn green eventually. Not so much with options. It's easy to only think about what happens if a big bet goes your way, and it's also easy to not think about taking major losses until it happens. You are obviously not having a good time losing all the money you earned, so you really should never have invested that much in the first place, especially on options. Always think about the worst case scenario for any trade, and think about how well you could take that hit financially and mentally. Or just take out a high interest loan and YOLO on FDs with margin to maybe get out of this hole. Not financial advice
KEYWORD : TSLA DATE : Sat Dec 18 06:57:43 2021 SUBREDDIT : wallstreetbets
OP never had even a remote chance with this type of strategy....why are you playing TSLA options with an account size that small. You're paying 800$ for a contract that has an extremely low chance of hitting. Those types of lotto options should be <1% of your account not a significant part of it. OP if you don't start over from basics you're just gonna keep donating to the market until it goes to 0$
KEYWORD : TSLA DATE : Sat Dec 18 18:53:32 2021 SUBREDDIT : wallstreetbets
Index funds? lol ---------------------- /investing Also, could have just put it all in TSLA stock instead and he would have been fine
KEYWORD : TSLA DATE : Sat Dec 18 00:38:36 2021 SUBREDDIT : wallstreetbets
Hindsight is 20/20. There were times when it looked like it could go bellyup as well. And I wouldn't be so optimistic for the next 20-25 years to look like the past few for TSLA. WSB is for trading not investments I know. But for investments something more balanced with less risk is way smarter. Even at a weak 6pct return, compounded his 25k would be well over 100k in 25 years or ~200k with an 8pct return. Let that money ride. Play smaller amounts to throw away if you're going to gamble.
KEYWORD : TSLA DATE : Sat Dec 18 02:05:25 2021 SUBREDDIT : wallstreetbets
The $Wish of cartels. Try the TSLA of Cartels, Sinaloa. Narcos Mexico has some quality DD.
KEYWORD : TSLA DATE : Sun Dec 19 01:32:13 2021 SUBREDDIT : wallstreetbets
> How many of you would have bought AMZN at $40 when they just sold books and lost shitloads of money? She sold some TSLA back at 900 to buy more snapchat, twitter and (lol) zillow. So with your analogy - she would have sold AMZN shares to plow them into PETS.COM.
KEYWORD : TSLA DATE : Sat Dec 18 17:38:23 2021 SUBREDDIT : wallstreetbets
Dude's tweets is the only reason TSLA is on the moon tho.
KEYWORD : TSLA DATE : Sat Dec 18 03:33:46 2021 SUBREDDIT : wallstreetbets
Instead he does it without mention and TSLA falls from fear of Elon selling stock without warning? Either way the dip would’ve happened.
KEYWORD : TSLA DATE : Sat Dec 18 00:55:18 2021 SUBREDDIT : wallstreetbets
TSLA will be at 300 in a year, but only because they did another 5/1 split (after they doubled their number of producing factories)
KEYWORD : TSLA DATE : Sat Dec 18 17:57:57 2021 SUBREDDIT : wallstreetbets
It was 80 in march 2020. TSLA had an internet-money level pump
KEYWORD : TSLA DATE : Sat Dec 18 16:41:10 2021 SUBREDDIT : wallstreetbets
What do you expect TSLA eps to be in 2022?
KEYWORD : TSLA DATE : Sat Dec 18 19:35:46 2021 SUBREDDIT : wallstreetbets
Use myself as an example: there is still 1/1000000 chance that my TSLA $990 call expire 12/17 will print today! !(emotet5_2th524270)
KEYWORD : TSLA DATE : Fri Dec 17 13:57:59 2021 SUBREDDIT : wallstreetbets
Lose $2,400 at TSLA $990 call, and extra $400 at SPY 467 calls, but I tried SPY 0DTE first time with $461 call and won $500 today, I am happy man now. Have a great weekend!
KEYWORD : TSLA DATE : Fri Dec 17 21:14:05 2021 SUBREDDIT : wallstreetbets
Tens of millions of new accounts got opened in 2020/2021 and saw a one-way market. The safe and boring WSB portfolio is TSLA, AAPL, NVDA, AMD. Rotation out of tech won't be pretty.
KEYWORD : TSLA DATE : Sat Dec 18 00:35:17 2021 SUBREDDIT : wallstreetbets
The reason why it's TSLA, AAPL, NVDA, AMD and other good cos is because the rest of the other retards betting on other shitco pump and dumps died off. They lost. There will be a rotation but not so much out of tech but shitcos promising high growth multiples or having high EV/Sales
KEYWORD : TSLA DATE : Sat Dec 18 05:26:00 2021 SUBREDDIT : wallstreetbets
At least it isn't selling many times current and future sales and pays a dividend 😂 may not be the best example, but TSLA isn't a blue chip stock, it's a growth stock.
KEYWORD : TSLA DATE : Sat Dec 18 17:15:55 2021 SUBREDDIT : wallstreetbets
Think about it: Musk is selling shares this year to prepare for the taxes associated with his stock options taxed as compensation that are being activated next year. He has to pay capital gains taxes on the 2021 share sales in 2022 (he will have to pay estimated taxes on those gains in January) and then will have 2022 ordinary income taxes on the options shares (since they’re compensation income) that he will have to also pay estimated taxes on in 2022. With the amount of taxes that are due he has to spread that out over a period of time with regards to his share sales, he can’t just offload $15 billion of Tesla stock all at once. He also doesn’t want to have all of that tax come into play in 2022 when tax rates are likely to increase. So he’s completing the sale of shares related to his present and future tax obligations in 2021. This would be the best approach from a tax planning perspective. Anyone who wasn’t paying attention and kept buying TSLA call options truly belongs on this sub.
KEYWORD : TSLA DATE : Fri Dec 17 14:12:43 2021 SUBREDDIT : wallstreetbets
TSLA will pop today. EoD
KEYWORD : TSLA DATE : Fri Dec 17 14:16:19 2021 SUBREDDIT : wallstreetbets
TSLA PUTS $500 EOY
KEYWORD : TSLA DATE : Fri Dec 17 20:15:03 2021 SUBREDDIT : wallstreetbets
We own TSLA, then we can be the Twitter shitlords
KEYWORD : TSLA DATE : Fri Dec 17 13:12:16 2021 SUBREDDIT : wallstreetbets
You think a lot of us have 100 TSLA? I only have 1.25 TSLA.
KEYWORD : TSLA DATE : Sat Dec 18 01:15:43 2021 SUBREDDIT : wallstreetbets
Musk has greatly reduced the amount of positive delta he owns in TSLA. He is reducing his position, not adding or maintaining. A .99 delta option is identical to owning 100 shares. Exercising the shares doesn’t increase his delta position, while selling does decrease it.
KEYWORD : TSLA DATE : Fri Dec 17 14:11:25 2021 SUBREDDIT : wallstreetbets
Y'all are Bullish on TSLA even with more selling?
KEYWORD : TSLA DATE : Fri Dec 17 14:20:40 2021 SUBREDDIT : wallstreetbets
These are options awarded by TSLA for executive compensation. When he exercises them, they essentially create 100 new shares in his name. So his position is probably the same from a Greeks standpoint, but there are now more shares total and he owns a slightly higher percentage of them.
KEYWORD : TSLA DATE : Fri Dec 17 14:15:17 2021 SUBREDDIT : wallstreetbets
Enron Musk, after selling all of his TSLA shares: Bernie made me do it 🤷♂️
KEYWORD : TSLA DATE : Fri Dec 17 13:16:37 2021 SUBREDDIT : wallstreetbets
What can I say, I lit $2000 on fire because I’m too big of a TSLA bull
KEYWORD : TSLA DATE : Fri Dec 17 11:20:48 2021 SUBREDDIT : wallstreetbets
TSLA is breaking 1k again next week ain’t it?
KEYWORD : TSLA DATE : Fri Dec 17 19:16:40 2021 SUBREDDIT : wallstreetbets
Thoughts on TSLA puts with enron selling again next week?
KEYWORD : TSLA DATE : Fri Dec 17 17:26:01 2021 SUBREDDIT : wallstreetbets
TSLA calls are heavily OTM and puts heavily ITM, so I foresee TSLA ripping at some point today to maximally fuck everyone
KEYWORD : TSLA DATE : Fri Dec 17 13:15:05 2021 SUBREDDIT : wallstreetbets
Can hardly wait for TSLA to rip up to 990 again, so Elon can sell it back down to 900.
KEYWORD : TSLA DATE : Fri Dec 17 19:09:11 2021 SUBREDDIT : wallstreetbets
I know TSLA has made a bunch of ppl a shitload of money but it’s lost a lot for many as well. It’s a god awful fuck that trades on a dream and the tweets of a spectrum meme boss and that’s fucking scary. Let the fan boys commence down voting but there it is.
KEYWORD : TSLA DATE : Fri Dec 17 19:13:02 2021 SUBREDDIT : wallstreetbets
NASDAQ:AAPL / 74
2021.12.18 14:32 KonekoBotSat Dec 18 22:32:30 2021
me just dca'ing each of : NVDA, MSFT, TSLA, VTI, AMD, AAPL, SQ and keep building on it. what would be urs.
KEYWORD : TSLA DATE : Fri Dec 17 18:02:02 2021 SUBREDDIT : stocks
New price points for me: SHOP < 1000, MSFT < 300, goog < 2500, se < 200, BABA < 25 (lol), TSLA < 50, Any arks if Cathie pays me to own them. Let's make some of these happen!
KEYWORD : TSLA DATE : Fri Dec 17 14:44:31 2021 SUBREDDIT : stocks
AFRM, AAPL, NVDA, AMD, U, SHOP, TSLA, SQ, AMC, FUBO
KEYWORD : TSLA DATE : Sat Dec 18 00:51:32 2021 SUBREDDIT : stocks
PLBY SOFI SAVA TSLA MSFT AAPL NVDA ABNB COST and a stock that can’t be named apparently..
KEYWORD : TSLA DATE : Sat Dec 18 04:38:37 2021 SUBREDDIT : stocks
AAPL MSFT O NVDA AMD TSLA MRNA COIN V PYPL
KEYWORD : TSLA DATE : Sat Dec 18 04:53:44 2021 SUBREDDIT : stocks
EQQQ, AMD, TSLA, MSFT, NFLX, and VUSA. They're the main ones anyway
KEYWORD : TSLA DATE : Sat Dec 18 06:28:16 2021 SUBREDDIT : stocks
Good picks OP Tier S (profitable growth tech 1): NVDA, MSFT, AAPL, GOOG, ASML Tier A (profitable growth tech 2): AMZN, FB, TSLA, many semiconductor stocks Tier B: ADBE, CRM, Unprofitable cloud/ tech stocks Tier C: Healthcare, Fintech, Unprofitable non-tech growth (ABNB, COIN, SNAP etc.) Tier Snooze returns i.e. only for diversifying after you are wealthy & want to collect dividends: Utilities, Industrial, Banks, Consumer staples, Consumer discretionary, Materials Tier Avoid: Energy (Oil & Gas), Tobacco
KEYWORD : TSLA DATE : Sat Dec 18 08:31:41 2021 SUBREDDIT : stocks
As long as GOOGL is holding active government contracts or considered a top choice for national defense contracts, it will NOT be broken up. Same goes for MSFT, AMZN, META, and TSLA. If such a bill ever made it, Nancy Pelosi and other stock market participants in Congress will not approve of such a disruptive event to the markets.
KEYWORD : TSLA DATE : Sat Dec 18 01:19:30 2021 SUBREDDIT : stocks
Nvm it's TSLA?!
KEYWORD : TSLA DATE : Sat Dec 18 10:53:28 2021 SUBREDDIT : stocks
I sold a pre split TSLA at 365 at a loss.. if I just held I'd have 100 shares post split and it would have been worth a lot
KEYWORD : TSLA DATE : Sat Dec 18 08:39:58 2021 SUBREDDIT : stocks
FOMO all in on TSLA after GME failure. And not buying more when it dipped. Ended up being ok, but never doing that again. Could have been down $4k realized loss
KEYWORD : TSLA DATE : Sat Dec 18 05:28:59 2021 SUBREDDIT : stocks
I think that the market will be bearish till january or so and then it will start to recover but tbh I dont understand why more ppl dont just put some cash into AAPL or MSFT or TSLA or AMD or anything tech rly I mean look at the average gain per year and you get about 20 to 40%+ returns thats what I do with part of my portfolio and I yolo the rest doing some good DDs and thats how I make some cash I mean its ur money u do what u want and u should not trust ppl online do your own research but imho its really not that hard to make money in the market in the long term (1 year) its hard to time the market to make constant high profit and make millions in the same long term
KEYWORD : TSLA DATE : Fri Dec 17 14:44:02 2021 SUBREDDIT : stocks
I bought TSLA calls and it instantly went down
KEYWORD : TSLA DATE : Sat Dec 18 03:33:07 2021 SUBREDDIT : wallstreetbets
I just saw that loss porn of the guy who lost his life savings by buying NVDA and TSLA calls. It would have probably hurt less if he lost money on shitty stocks but imagine losing all your money on 2 of the best performing stocks of this bull market.
KEYWORD : TSLA DATE : Sat Dec 18 04:29:38 2021 SUBREDDIT : wallstreetbets
My heart is still pounding from deciding to hold these TSLA 12/31 760p’s over the weekend…😅
KEYWORD : TSLA DATE : Fri Dec 17 22:20:29 2021 SUBREDDIT : wallstreetbets
#Ban Bet Won --- InterestedInShizz (1/0) made a bet that TSLA would go to 900.0 when it was 949.25 and it did, congrats retard.
KEYWORD : TSLA DATE : Fri Dec 17 22:21:35 2021 SUBREDDIT : wallstreetbets
#Ban Bet Won --- DutchFloris (2/1) made a bet that TSLA would go to 900.0 when it was 1061.43 and it did, congrats gigabrain.
KEYWORD : TSLA DATE : Fri Dec 17 22:24:22 2021 SUBREDDIT : wallstreetbets
#Ban Bet Lost --- xXx_420_UwU_xXx (0/1) made a bet that TSLA would go to 1050.0 when it was 990.0 and it did not. They were automatically banned for two weeks. To get out early they have to: 'or ill be homeless'
KEYWORD : TSLA DATE : Sat Dec 18 02:01:59 2021 SUBREDDIT : wallstreetbets
lol seriously though buy the TSLA dip
KEYWORD : TSLA DATE : Sat Dec 18 07:21:59 2021 SUBREDDIT : wallstreetbets
Bottom right is TSLA put/call holders; respectively.
KEYWORD : TSLA DATE : Sat Dec 18 10:26:37 2021 SUBREDDIT : wallstreetbets
Positions are in the 3rd and 4th images. TSLA $940 Calls 12/17 Expiry, in at 7:32 am PT, out at 7:52 am PT Funny story about that daily chart, as you can see, it spikes to about +$86k in the morning on a different TSLA call. I ended up selling that at break even, and buying in a little later. Same-day expiry is wild. Note: I thought I was hot shit after that trade, so I put $21k on GME calls at the tippy top, lost $15k on that, hence the 1 day total of +$139k
KEYWORD : TSLA DATE : Fri Dec 17 21:36:40 2021 SUBREDDIT : wallstreetbets
All that matters is the percentage really. 233% gains in less than 19 mins with TSLA options happens all the time. A ten bagger in 19 mins would be it
KEYWORD : TSLA DATE : Sat Dec 18 05:26:47 2021 SUBREDDIT : wallstreetbets
OP history $20k GOOGL gains in 5 min $55k TSLA gains in 30 min And now $153k in 19 min. This guy fucks !(emotet5_2th524735)
KEYWORD : TSLA DATE : Fri Dec 17 21:59:05 2021 SUBREDDIT : wallstreetbets
OP simply played the momentum once the reversal took place. If you know how to read chart and TA shit you'd see TSLA made the higher high reversal on 1-minute chart around 7:30am PST which indicates buyers in control and create that momentum, then he made his move, no one knows what it will do next but our man got out at the perfect top of the day. Bravo 👏👏👏
KEYWORD : TSLA DATE : Sat Dec 18 07:11:12 2021 SUBREDDIT : wallstreetbets
OP simply played the momentum once the reversal took place. If you know how to read chart and TA shit you'd see TSLA made the higher high reversal on 1-minute chart around 7:30am PST which indicates buyers in control and create that momentum, then he made his move, clearly any trade can go either way like he said it could have been -$30k loss in minutes but our man entry and exit was near perfecto 👏👏👏
KEYWORD : TSLA DATE : Sat Dec 18 07:13:14 2021 SUBREDDIT : wallstreetbets
You know, that's the crazy part, my trade is 200 out of the total option volume in those 30 minutes. There was easily another 3000 contracts exchanging hands during that time. And that's only one of MANY possible liquid options contracts for TSLA. I'd imagine this is chump change to some.
KEYWORD : TSLA DATE : Sat Dec 18 09:48:47 2021 SUBREDDIT : wallstreetbets
You know that feeling in your plums when you want to bet half your account on same-day expiry TSLA calls? It called to me. The plan is to put the gains in the bank, and continue gambling with the rest.
KEYWORD : TSLA DATE : Fri Dec 17 21:48:36 2021 SUBREDDIT : wallstreetbets
I was the same trade today, less capital though. 1: TSLA filled a previous price gap in premarket, so you knew it was going to have a good run, just based on technicals. 2: on the dip between 10 and 10:20, TSLA order flow never became bearish. Big money was eating all the way down. My entry was at VWAP, as TSLA tends to respect that, so I was early but not wrong.
KEYWORD : TSLA DATE : Sat Dec 18 08:11:56 2021 SUBREDDIT : wallstreetbets
>...half of your account on same-day expiry TSLA calls? What account?
KEYWORD : TSLA DATE : Fri Dec 17 22:39:17 2021 SUBREDDIT : wallstreetbets
Nah, the man simply played the momentum once the reversal took place. If you know how to read chart and TA shit you'd see TSLA made the higher high reversal on 1-minute chart around 7:30am PST which indicates buyers in control and create that momentum, then he made his move, no one knows what it will do next but our man got out at the perfect top of the day. Bravo 👏👏👏
KEYWORD : TSLA DATE : Sat Dec 18 07:10:43 2021 SUBREDDIT : wallstreetbets
I sold right after the screenshot. Also, I'm not sure what rocket you're talking about, I sold at the high of day, for both TSLA as well as the option itself. Holding 0DTE options until late in the day is a recipe for disaster.
KEYWORD : TSLA DATE : Fri Dec 17 22:33:18 2021 SUBREDDIT : wallstreetbets
Honestly, I've said this before, but despite its volatile history, TSLA is nearly ALWAYS more volatile than its IV on any given day. In simplest terms, a stock can go up, down or stay even. Since TSLA rarely ever stays even AND moves far more than implied volatility, its single-handedly resulted in my biggest gains and losses.
KEYWORD : TSLA DATE : Sat Dec 18 00:47:55 2021 SUBREDDIT : wallstreetbets
TSLA can go up $75 in 1 day… there’s still a chance to make some back
KEYWORD : TSLA DATE : Fri Dec 17 23:07:07 2021 SUBREDDIT : wallstreetbets
You sold wayyyyyyyy to soon ! You feel bad now ?? Wait until next week when TSLA is $1187 !!!’
KEYWORD : TSLA DATE : Sat Dec 18 03:39:51 2021 SUBREDDIT : wallstreetbets
In all seriousness, firstly: that is fucking rough to lose all that money, especially when you earned it all working retail. I'm sure it hurts really bad, but you'll get through it. Try not to dwell on it. Go out, hang out with friends, and try to remember that money is NOT the key to happiness. Secondly, you're young, like practically a goddamn baby for investing. You're supposed to take higher risks when you're younger because you'll have more time to make up major losses. This is a big loss, sure, but you'll have more income, you'll be able to invest again and hopefully do better, which leads me to Third, when it's not such a painful subject for you to think about, figure out exactly what mistakes you made so that you won't make them again. Think about different strategies. Finally, use this as a lesson to not invest more than you are willing to lose, especially if you're going fucking balls deep into options. The typical recommended time horizon for money you invest is 5 years. With the exception of MAYBE NIO, TSLA and NVDA will both almost certainly be higher than they are now in 5 years. If you bought shares at the top of each then the market crashed, eventually those holdings would probably turn green eventually. Not so much with options. It's easy to only think about what happens if a big bet goes your way, and it's also easy to not think about taking major losses until it happens. You are obviously not having a good time losing all the money you earned, so you really should never have invested that much in the first place, especially on options. Always think about the worst case scenario for any trade, and think about how well you could take that hit financially and mentally. Or just take out a high interest loan and YOLO on FDs with margin to maybe get out of this hole. Not financial advice
KEYWORD : TSLA DATE : Sat Dec 18 06:57:43 2021 SUBREDDIT : wallstreetbets
I was expecting some meme stocks. TSLA is a boomer meme stock
KEYWORD : TSLA DATE : Fri Dec 17 23:50:04 2021 SUBREDDIT : wallstreetbets
Ha. Break even for that 1000C was TSLA over 1800.
KEYWORD : TSLA DATE : Sat Dec 18 01:00:13 2021 SUBREDDIT : wallstreetbets
Index funds? lol ---------------------- /investing Also, could have just put it all in TSLA stock instead and he would have been fine
KEYWORD : TSLA DATE : Sat Dec 18 00:38:36 2021 SUBREDDIT : wallstreetbets
Hindsight is 20/20. There were times when it looked like it could go bellyup as well. And I wouldn't be so optimistic for the next 20-25 years to look like the past few for TSLA. WSB is for trading not investments I know. But for investments something more balanced with less risk is way smarter. Even at a weak 6pct return, compounded his 25k would be well over 100k in 25 years or ~200k with an 8pct return. Let that money ride. Play smaller amounts to throw away if you're going to gamble.
KEYWORD : TSLA DATE : Sat Dec 18 02:05:25 2021 SUBREDDIT : wallstreetbets
Dude's tweets is the only reason TSLA is on the moon tho.
KEYWORD : TSLA DATE : Sat Dec 18 03:33:46 2021 SUBREDDIT : wallstreetbets
Instead he does it without mention and TSLA falls from fear of Elon selling stock without warning? Either way the dip would’ve happened.
KEYWORD : TSLA DATE : Sat Dec 18 00:55:18 2021 SUBREDDIT : wallstreetbets
Use myself as an example: there is still 1/1000000 chance that my TSLA $990 call expire 12/17 will print today! !(emotet5_2th524270)
KEYWORD : TSLA DATE : Fri Dec 17 13:57:59 2021 SUBREDDIT : wallstreetbets
Lose $2,400 at TSLA $990 call, and extra $400 at SPY 467 calls, but I tried SPY 0DTE first time with $461 call and won $500 today, I am happy man now. Have a great weekend!
KEYWORD : TSLA DATE : Fri Dec 17 21:14:05 2021 SUBREDDIT : wallstreetbets
Tens of millions of new accounts got opened in 2020/2021 and saw a one-way market. The safe and boring WSB portfolio is TSLA, AAPL, NVDA, AMD. Rotation out of tech won't be pretty.
KEYWORD : TSLA DATE : Sat Dec 18 00:35:17 2021 SUBREDDIT : wallstreetbets
The reason why it's TSLA, AAPL, NVDA, AMD and other good cos is because the rest of the other retards betting on other shitco pump and dumps died off. They lost. There will be a rotation but not so much out of tech but shitcos promising high growth multiples or having high EV/Sales
KEYWORD : TSLA DATE : Sat Dec 18 05:26:00 2021 SUBREDDIT : wallstreetbets
Think about it: Musk is selling shares this year to prepare for the taxes associated with his stock options taxed as compensation that are being activated next year. He has to pay capital gains taxes on the 2021 share sales in 2022 (he will have to pay estimated taxes on those gains in January) and then will have 2022 ordinary income taxes on the options shares (since they’re compensation income) that he will have to also pay estimated taxes on in 2022. With the amount of taxes that are due he has to spread that out over a period of time with regards to his share sales, he can’t just offload $15 billion of Tesla stock all at once. He also doesn’t want to have all of that tax come into play in 2022 when tax rates are likely to increase. So he’s completing the sale of shares related to his present and future tax obligations in 2021. This would be the best approach from a tax planning perspective. Anyone who wasn’t paying attention and kept buying TSLA call options truly belongs on this sub.
KEYWORD : TSLA DATE : Fri Dec 17 14:12:43 2021 SUBREDDIT : wallstreetbets
TSLA will pop today. EoD
KEYWORD : TSLA DATE : Fri Dec 17 14:16:19 2021 SUBREDDIT : wallstreetbets
TSLA PUTS $500 EOY
KEYWORD : TSLA DATE : Fri Dec 17 20:15:03 2021 SUBREDDIT : wallstreetbets
We own TSLA, then we can be the Twitter shitlords
KEYWORD : TSLA DATE : Fri Dec 17 13:12:16 2021 SUBREDDIT : wallstreetbets
You think a lot of us have 100 TSLA? I only have 1.25 TSLA.
KEYWORD : TSLA DATE : Sat Dec 18 01:15:43 2021 SUBREDDIT : wallstreetbets
Musk has greatly reduced the amount of positive delta he owns in TSLA. He is reducing his position, not adding or maintaining. A .99 delta option is identical to owning 100 shares. Exercising the shares doesn’t increase his delta position, while selling does decrease it.
KEYWORD : TSLA DATE : Fri Dec 17 14:11:25 2021 SUBREDDIT : wallstreetbets
Y'all are Bullish on TSLA even with more selling?
KEYWORD : TSLA DATE : Fri Dec 17 14:20:40 2021 SUBREDDIT : wallstreetbets
These are options awarded by TSLA for executive compensation. When he exercises them, they essentially create 100 new shares in his name. So his position is probably the same from a Greeks standpoint, but there are now more shares total and he owns a slightly higher percentage of them.
KEYWORD : TSLA DATE : Fri Dec 17 14:15:17 2021 SUBREDDIT : wallstreetbets
Enron Musk, after selling all of his TSLA shares: Bernie made me do it 🤷♂️
KEYWORD : TSLA DATE : Fri Dec 17 13:16:37 2021 SUBREDDIT : wallstreetbets
What can I say, I lit $2000 on fire because I’m too big of a TSLA bull
KEYWORD : TSLA DATE : Fri Dec 17 11:20:48 2021 SUBREDDIT : wallstreetbets
TSLA is breaking 1k again next week ain’t it?
KEYWORD : TSLA DATE : Fri Dec 17 19:16:40 2021 SUBREDDIT : wallstreetbets
Thoughts on TSLA puts with enron selling again next week?
KEYWORD : TSLA DATE : Fri Dec 17 17:26:01 2021 SUBREDDIT : wallstreetbets
TSLA calls are heavily OTM and puts heavily ITM, so I foresee TSLA ripping at some point today to maximally fuck everyone
KEYWORD : TSLA DATE : Fri Dec 17 13:15:05 2021 SUBREDDIT : wallstreetbets
Can hardly wait for TSLA to rip up to 990 again, so Elon can sell it back down to 900.
KEYWORD : TSLA DATE : Fri Dec 17 19:09:11 2021 SUBREDDIT : wallstreetbets
I know TSLA has made a bunch of ppl a shitload of money but it’s lost a lot for many as well. It’s a god awful fuck that trades on a dream and the tweets of a spectrum meme boss and that’s fucking scary. Let the fan boys commence down voting but there it is.
KEYWORD : TSLA DATE : Fri Dec 17 19:13:02 2021 SUBREDDIT : wallstreetbets
Been there. Lesson I’ve learned with TSLA options is spend more for more time. Otherwise cut losses quickly. Ugh. Make big lose big. …
KEYWORD : TSLA DATE : Fri Dec 17 22:16:12 2021 SUBREDDIT : wallstreetbets
My TSLA calls feel you.
KEYWORD : TSLA DATE : Fri Dec 17 19:36:15 2021 SUBREDDIT : wallstreetbets
Don't be like me. Beginning of November I was certain that TSLA will crash. I somehow managed to lose money
KEYWORD : TSLA DATE : Fri Dec 17 11:25:26 2021 SUBREDDIT : wallstreetbets
NASDAQ:AAPL / 50
[Blue Line = VWAP White Line = Daily Support/Resistance ________________________________________________________________________ How I plot Daily Levels Video: https://www.reddit.com/Daytrading/comments/qqbzdu/video_guide_how_i_plot_daily_levels_on_my_charts/ Reddit Profile (With Lots of Past Trade Reviews): https://www.reddit.com/useUtilizingTheta/posts/ ________________________________________________________________________
Hello /daytrading subreddit! Had a bit of a hiatus this week here on posting these trade reviews. I continued to post them daily on the youtube channel but not here...but now I'm back! Hope everyone had a green week!
Todays Trade Review is a VWAP Breakthrough on AAPL. AAPL had just come down and formed a double bottom off the low of day and bounced back up breaking through VWAP. I entered long on the backtest and hold and trimmed profits as price continued higher, broke through the high of day. I exited after price eventually broke the trend line and started falling again.
I explain in a lot more detail in the video!
Total Profit: $1,630 Leveraged Return: 3.81% Risk:Reward 1:6.27
As always happy to answer any questions :)](/Daytrading/comments/riqczn/121721_live_trade_review_aapl_vwap_breakthrough/hoyr64x/)
KEYWORD : AAPL DATE : Fri Dec 17 20:40:43 2021 SUBREDDIT : Daytrading
me just dca'ing each of : NVDA, MSFT, TSLA, VTI, AMD, AAPL, SQ and keep building on it. what would be urs.
KEYWORD : AAPL DATE : Fri Dec 17 18:02:02 2021 SUBREDDIT : stocks
WTF, I was expecting another painful day when I saw SPY was red but was surprised when I checked my portfolio. I thought growth stocks would be down 2-3X what SPY is but they are actually green lmao. What's going on? Even AAPL is red for god's sake.
KEYWORD : AAPL DATE : Fri Dec 17 17:19:38 2021 SUBREDDIT : stocks
I started investing this month so I am on this boat as well. AAPL and VT are my only green positions (67% VT 33% faamg stocks)
KEYWORD : AAPL DATE : Fri Dec 17 12:10:37 2021 SUBREDDIT : stocks
The new play is to invest in UNDERVALUED companies, not overvauled. I bought SOFI at 14, GOEV at 8, MSFT at 319 today. Bought AAPL at 120 (pre moon). Seeing green here. I sold NVDA, all that red....
KEYWORD : AAPL DATE : Sat Dec 18 02:27:02 2021 SUBREDDIT : stocks
AAPL, AMZN are what I'd recommend. Maybe F.
KEYWORD : AAPL DATE : Fri Dec 17 18:57:03 2021 SUBREDDIT : stocks
they should ban “analysts” altogether. you should not be able to move the market just because you think a company’s value should be lower or higher. it’s criminal. during last weeks AAPL pump the analysts were cashing out an early Christmas bonus by bloating the stock with new PTs and 3T+ bullshit
KEYWORD : AAPL DATE : Fri Dec 17 14:53:40 2021 SUBREDDIT : stocks
AAPL, MSFT, O, LMT, AMZN, GOOGL, BRKB, V, PEP
KEYWORD : AAPL DATE : Sat Dec 18 03:12:14 2021 SUBREDDIT : stocks
AAPL, CMG, HD, NVDA, PYPL
KEYWORD : AAPL DATE : Sat Dec 18 01:09:44 2021 SUBREDDIT : stocks
TGT, SHW, TMO, NVDA, LULU, ADSK, SE, AAPL, WBA, AXP
KEYWORD : AAPL DATE : Sat Dec 18 01:39:50 2021 SUBREDDIT : stocks
This is a great question. I’m going to say ABNB, LRCX, WM, HD, COST, AAPL, MSFT, MA, ADBE, NFLX. Runners up GOOG, F, MRNA.
KEYWORD : AAPL DATE : Fri Dec 17 23:38:36 2021 SUBREDDIT : stocks
AFRM, AAPL, NVDA, AMD, U, SHOP, TSLA, SQ, AMC, FUBO
KEYWORD : AAPL DATE : Sat Dec 18 00:51:32 2021 SUBREDDIT : stocks
Googl, AAPL , SoFi , Rklb , asts, amd , nvda, chpt, ms and F. If you want more conservative add PFE and ABBV instead of Rklb and Asts.
KEYWORD : AAPL DATE : Sat Dec 18 03:59:33 2021 SUBREDDIT : stocks
PLBY SOFI SAVA TSLA MSFT AAPL NVDA ABNB COST and a stock that can’t be named apparently..
KEYWORD : AAPL DATE : Sat Dec 18 04:38:37 2021 SUBREDDIT : stocks
AAPL MSFT O NVDA AMD TSLA MRNA COIN V PYPL
KEYWORD : AAPL DATE : Sat Dec 18 04:53:44 2021 SUBREDDIT : stocks
AAPL, MSFT, GOOGL, NVDA, AMD, SQ, SE, SOFI, PYPL, CRM
KEYWORD : AAPL DATE : Sat Dec 18 07:32:19 2021 SUBREDDIT : stocks
Good picks OP Tier S (profitable growth tech 1): NVDA, MSFT, AAPL, GOOG, ASML Tier A (profitable growth tech 2): AMZN, FB, TSLA, many semiconductor stocks Tier B: ADBE, CRM, Unprofitable cloud/ tech stocks Tier C: Healthcare, Fintech, Unprofitable non-tech growth (ABNB, COIN, SNAP etc.) Tier Snooze returns i.e. only for diversifying after you are wealthy & want to collect dividends: Utilities, Industrial, Banks, Consumer staples, Consumer discretionary, Materials Tier Avoid: Energy (Oil & Gas), Tobacco
KEYWORD : AAPL DATE : Sat Dec 18 08:31:41 2021 SUBREDDIT : stocks
I’ve got ABNB, AAPL, and LRCX. I think ABNB is at the best price point right now. Definitely need to get some MSFT and possibly SE.
KEYWORD : AAPL DATE : Sat Dec 18 00:46:55 2021 SUBREDDIT : stocks
Not selling LSPD when I had more than 150% gain and kept adding more now it's negative. Buying AC, Roku, SPLK and fucking ARK. Enough of shit stocks. I'll just stick with big guns MSFT, AAPL, NVDA, Adobe.
KEYWORD : AAPL DATE : Sat Dec 18 09:11:42 2021 SUBREDDIT : stocks
You don't know what you're talking about. BRK financials are fantastic. The stock sucks. You'd have made more money buying AAPL than buying BRK which is 60% AAPL.
KEYWORD : AAPL DATE : Sat Dec 18 00:42:15 2021 SUBREDDIT : stocks
I just put 3k on AAPL, I’ll tell you in a few years
KEYWORD : AAPL DATE : Fri Dec 17 15:46:13 2021 SUBREDDIT : stocks
I have money in VOOG, AAPL, and MSFT right now. Should I just do VOOG or would you suggest something entirely different?
KEYWORD : AAPL DATE : Fri Dec 17 15:53:32 2021 SUBREDDIT : stocks
I’ve beaten the market so badly with AAPL and Tesla I almost can’t go back to the S&P500.
KEYWORD : AAPL DATE : Fri Dec 17 16:20:25 2021 SUBREDDIT : stocks
Yeah so SPY is an ETF that tracks the S&P 500. The S&P 500 is a group of roughly the top 500 US companies, with a few conditions. One is that the company must post a profit for four straight quarters before being included. So yes, the S&P 500 adds companies and kicks companies out. Not necessarily based on performance but based on size and profitability. So you do get some bad stocks in there, but it’s market cap weighted so if a stock starts underperforming, its share of the pie will be less. The reason that SPY has always gone up is because it’s effectively just a reflection of the US economy. If the US economy continues to grow, SPY will continue to do well. That’s a much easier, more likely, and less risky bet than betting on an individual company continuing to grow. Android starts beating iOS? Well good you have both GOOGL and AAPL. Tesla loses EV market share to Ford? No problem, you have both. You have everything. No need to worry about competition, bad decisions, consumer trends, you don’t need to worry about any of that because you have all of it. One company fails? Well you have 499 others and a new company to come in and replace it.
KEYWORD : AAPL DATE : Fri Dec 17 18:23:05 2021 SUBREDDIT : stocks
I think that the market will be bearish till january or so and then it will start to recover but tbh I dont understand why more ppl dont just put some cash into AAPL or MSFT or TSLA or AMD or anything tech rly I mean look at the average gain per year and you get about 20 to 40%+ returns thats what I do with part of my portfolio and I yolo the rest doing some good DDs and thats how I make some cash I mean its ur money u do what u want and u should not trust ppl online do your own research but imho its really not that hard to make money in the market in the long term (1 year) its hard to time the market to make constant high profit and make millions in the same long term
KEYWORD : AAPL DATE : Fri Dec 17 14:44:02 2021 SUBREDDIT : stocks
Look at solid companies with good revenue/earnings. Don't FOMO. I'd hold VTI or VOO. And for individual stocks, top tech like AAPL and MSFT.
KEYWORD : AAPL DATE : Sat Dec 18 07:35:28 2021 SUBREDDIT : stocks
Scooped up a good amount of AAPL JPM.
KEYWORD : AAPL DATE : Fri Dec 17 17:11:50 2021 SUBREDDIT : stocks
Face. Ripping. Green. Monday. SPY 470. AAPL 180 MSFT 340 PFE 62 F 21 T 24.50 I WILL IT INTO EXISTENCE!
KEYWORD : AAPL DATE : Fri Dec 17 22:59:25 2021 SUBREDDIT : wallstreetbets
My friend’s dad knows Tim Apple from work and he said AAPL is going to 180 by EOW
KEYWORD : AAPL DATE : Sat Dec 18 01:08:35 2021 SUBREDDIT : wallstreetbets
Honestly think those 1/19/24 AAPL 260c are a bargain
KEYWORD : AAPL DATE : Fri Dec 17 21:31:51 2021 SUBREDDIT : wallstreetbets
Monday - AAPL 176, SPY 470
KEYWORD : AAPL DATE : Fri Dec 17 22:29:34 2021 SUBREDDIT : wallstreetbets
#Ban Bet Lost BitcoinandTeslaCalls (0/2) made a bet that AAPL would go to 161.856 when it was 179.84 and it did not, so they were banned for a week.
KEYWORD : AAPL DATE : Sat Dec 18 02:53:17 2021 SUBREDDIT : wallstreetbets
Ok, the christmas rally will start on 12/20 till beginning of Jan. AAPL $190 by 12/31.
KEYWORD : AAPL DATE : Fri Dec 17 22:50:40 2021 SUBREDDIT : wallstreetbets
AAPL hurt me this week…
KEYWORD : AAPL DATE : Sat Dec 18 05:07:06 2021 SUBREDDIT : wallstreetbets
Bruh you missed the one where I lost $67k on AAPL calls because some bullshit consumer spending report came out the morning after I bought it.
KEYWORD : AAPL DATE : Fri Dec 17 22:06:09 2021 SUBREDDIT : wallstreetbets
Definately AAPL over SP500. Lol, everyone who says, SPY is safe haven, extract top tech companies and you will see how safe it really is.
KEYWORD : AAPL DATE : Fri Dec 17 22:10:53 2021 SUBREDDIT : wallstreetbets
AAPL , but outside of that I don’t know
KEYWORD : AAPL DATE : Sat Dec 18 04:35:13 2021 SUBREDDIT : wallstreetbets
Not the OP commenter, but aren't the industries you mentioned (argiculture, industrial chemicals) going to struggle in a high-inflationary environment? The moats are narrow, they have no brand recognition or loyalty, and, from what I know, run on pretty tight margins. Wouldn't it be better to park your money in high-demand, 'luxury' brands? IE, AAPL, ULTA, LULU (hell, even CROX to a degree as they're starting to make their way into fashion). These companies could raise margins and no one would care because they love the product. Respectfully, your argument makes little to no sense if what I've said about tight margins is true. If it's false, your argument has more credibility, but I still believe it'd underperform the S&P. Edit: updating verbiage to state 'high-inflationary environment' and not 'difficult macroeconomic enviroment'.
KEYWORD : AAPL DATE : Fri Dec 17 20:35:20 2021 SUBREDDIT : wallstreetbets
The financial situation here is not the same as something like it was for the dot-com bubble or 2008. Employment is fine. People just have slightly lower buying power with the cash they have. The difference is truly small. Also, what you said isn't true: look at something like ULTA. Did great during 2008-2012 and that's because it's considered a luxury brand. People are willing to pay for what they want. Same thing with SBUX, AAPL.
KEYWORD : AAPL DATE : Fri Dec 17 20:49:12 2021 SUBREDDIT : wallstreetbets
Most people forgot that AAPL before the iphone was on life support, fired Steve Jobs and had to be bailed out by MSFT of all people. Home Depot as far as I know other than some minor employee disputes and construction material controversies has been as rock solid company since its inception.
KEYWORD : AAPL DATE : Fri Dec 17 21:14:58 2021 SUBREDDIT : wallstreetbets
This chart is kind of misleading, but here's a real world example of the last decade for Apple. 12/6/2010 bought 672 shares of AAPL cost basis $7652 12/17/21 current value $115,376 +1407%
KEYWORD : AAPL DATE : Fri Dec 17 16:55:37 2021 SUBREDDIT : wallstreetbets
Check out their relative financials. Home Depot’s balance sheet is a dumpster fire so the stock price could look like this. Apple could shove their stock price way beyond Home Depot if AAPL levered as hard as HD did for buybacks.
KEYWORD : AAPL DATE : Fri Dec 17 19:26:07 2021 SUBREDDIT : wallstreetbets
Wait maybe this graph means AAPL has a LOT of fucking room to run!🚀🚀🚀
KEYWORD : AAPL DATE : Fri Dec 17 16:19:56 2021 SUBREDDIT : wallstreetbets
2021.12.18 01:51 MillennialBetsNews for Steel and Construction Industry related Stocks Dec-17-2021
BCCDate | Title | Summary | Price | Source |
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Dec-17-2021 | 5 Stocks to Keep Tabs on Post Recent Broker Upgrade | Boise Cascade (BCC), Caleres (CAL), Centene (CNC), Commercial Metals (CMC) and BJ's Wholesale Club (BJ) are some of the broker-friendly stocks to watch out for. | 64.96 | Zacks Investment Research |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | Equinox Gold Announces Agreement to Sell its Mercedes Gold Mine | All dollar amounts are expressed in US$ VANCOUVER, BC, Dec. 17, 2021 /PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ('Equinox Gold' or the 'Company') is pleased to announce that it has entered into a definitive agreement to sell its Mercedes Gold-Silver Mine in Mexico ('Mercedes') to Bear Creek Mining Corporation (TSXV: BCM) ('Bear Creek') (the 'Transaction') for aggregate consideration of: $100 million in cash, payable as follows: $75 million on closing of the Transaction; and $25 million payable within six months of closing of the Transaction. 24,730,000 common shares of Bear Creek valued at approximately $25 million based on current trading prices; and a 2% net smelter return payable on production from Mercedes. | 6.51 | PRNewsWire |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | Enviva Announces Unitholder Approval of Corporate Conversion | BETHESDA, Md.--(BUSINESS WIRE)--Enviva Partners, LP (NYSE: EVA) (“Enviva,” or “we”) today announced that unitholders voted on and overwhelmingly approved the proposed conversion (the “Conversion”) of Enviva from a limited partnership to a corporation named Enviva Inc. (the “Corporation”) at the virtual special meeting of its unitholders (the “Special Meeting”) held on December 17, 2021. Of the votes received at the Special Meeting, 99.75% were cast in favor of the Conversion. Based on the unith | 71.91 | Business Wire |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | Kirkland Lake Gold Declares Quarterly Dividend Payment | TORONTO, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend payment for the fourth quarter of 2021 (“Q4 2021”) of US$0.1875 per common share will be paid on January 14, 2022 to shareholders of record as of the close of business on December 31, 2021. The Q4 2021 payment represents the 19th quarterly dividend payment made to shareholders following the Company's adoption of a dividend policy in March 2017. The Company's quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes. For Canadian shareholders, the US dollar dividend payment will be converted to Canadian dollars using the spot price exchange rate on January 13, 2022, the day prior to the payment date. | 40.74 | GlobeNewsWire |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | Final Trades: Martin Marietta, Palo Alto Networks, SoFi & more | The 'Halftime Report' traders give their top picks to watch for the second half. | 441.51 | CNBC Television |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | Mosaic Announces Quarterly Dividend of $0.1125 Per Share | TAMPA, FL / ACCESSWIRE / December 17, 2021 / The Mosaic Company (NYSE:MOS) announced today that its Board of Directors declared a quarterly dividend of $0.1125 per share on the Company's common stock. The dividend will be paid on March 17, 2022, to stockholders of record as of the close of business on March 3, 2022. | 36.47 | Accesswire |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | Why US automakers need a rare earth supply chain: MP Materials CEO | MP Materials CEO James Litinksy joins Yahoo Finance Live to discuss the rare-earth materials company's deal with General Motors (GM) to manufacture magnets needed for EV engines and the supply chain outlook for industries buying into electrification. | 42.67 | Yahoo Finance |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | ArcelorMittal: Learning From Past Mistakes | ArcelorMittal has strongly benefited from the latest commodities boom. | 32.2 | Seeking Alpha |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | Here's How The Recent Slide In Gold Prices Impacted Newmont Stock | Newmont stock has declined more than 4% in the last one month, underperforming the broader market (S&P 500) which declined less than 1% during the same period. The recent decline in the stock price was driven by a drop in gold prices. | 59 | Forbes |
Dec-17-2021 | Newmont Corporation Announces Pricing of the Tender Offers for its 3.700% Notes due 2023 and Goldcorp's 3.700% Notes due 2023 | DENVER--(BUSINESS WIRE)--Newmont Corporation announces the pricing terms of the previously announced offers to purchase any and all of the outstanding Notes due 2023. | 59.34 | Business Wire |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | Pan American Silver trades up on Argentina mining rule change | (Kitco News) - Over the past five days Pan American has traded up 5.21% to $31.73. | 24.55 | Kitco |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | SANDSTORM GOLD ROYALTIES ANNOUNCES CASH-FLOWING GOLD STREAM, INCREASES SHORT-TERM PRODUCTION GUIDANCE | DESIGNATED NEWS RELEASE VANCOUVER, BC, Dec. 17, 2021 /PRNewswire/ - Sandstorm Gold Ltd. ('Sandstorm Gold Royalties', 'Sandstorm' or the 'Company') (NYSE: SAND) (TSX: SSL) is pleased to announce that the Company has entered into a US$60 million financing package (the 'Transaction') with Bear Creek Mining ('Bear Creek') to facilitate Bear Creek's acquisition of the producing Mercedes gold-silver mine in Mexico ('Mercedes' or the 'Mine') from Equinox Gold Corp ('Equinox'). | 5.85 | PRNewsWire |
Dec-17-2021 | Sandstorm acquires gold stream from Mercedes mine in Mexico, ups production guidance | (Kitco News) - Sandstorm Gold Royalties (TSX: SSL) announced today that it has entered into a US$60 million financing package with Bear Creek Mining to facilitate Bear Creek's acquisition of the producing Mercedes gold-silver mine in Mexico from Equinox Gold. | 5.92 | Kitco |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | Schnitzer Announces First Quarter Fiscal 2022 Earnings Date and Conference Call Webcast Details | PORTLAND, Ore.--(BUSINESS WIRE)--Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) announced that the Company will report financial results for its first quarter fiscal 2022 ended November 30, 2021 on Thursday, January 6, 2022. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Schnitzer's website under Company > Investors > Event Calendar at www | 49.66 | Business Wire |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | Steel Dynamics (STLD) Expects Record Q4 Earnings on High Demand | Steel Dynamics (STLD) expects adjusted earnings of $5.69-$5.73 per share for the fourth quarter. | 62.74 | Zacks Investment Research |
Date | Title | Summary | Price | Source |
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Dec-17-2021 | United States Steel Stock (X): Why The Price Fell Today | The stock price of United States Steel Corporation (NYSE: X) fell by over 5% pre-market today. This is why it happened. | 23.45 | Pulse2 |
Dec-17-2021 | Steel Stock Plummets on Dismal Quarterly Outlook | United States Steel Corporation (NYSE:X) is down 4.5% at $22.40 this morning, after its current-quarter forecast of $1.65 billion missed Wall Street's estimates. | 22.73 | Schaeffers Research |
2021.12.16 16:36 upbstockprepper
Stock index futures are on the march higher this morning following the best Fed Day session in over a year. The S&P 500 rose 1.6% on Wednesday, erasing losses from the previous two sessions, and ended two points away from an all-time high. The upward movement came despite the central bank's most hawkish policy pivot in years as it looks to put a lid on inflation (the pace of tapering will be doubled to $30B a month - with further reductions coming next year - while interest rate projections were updated to show a median forecast of three hikes in 2022).
Why are stocks going up? First of all, the market loves certainty. Knowing what to expect on the macroeconomic level next year goes a long way for investors that are closely watching their portfolios, as well as an assurance from the Fed that it is taking inflation seriously. Powell also balanced his rates outlook with a strong dose of optimism about demand and income, and confirmed that 'we're making rapid progress toward maximum employment.'
Heading into Wednesday, the 10-day average of the CBOE put-call ratio lingered near the highest level in 13 months. Even before that, total equities put volume over the past 50 days was already at an all-time high, meaning the market was ready for a bounce if sentiment shifted in that direction. Once equities found a floor, traders who bought into bearish options started to unwind them, propelling stocks in a late-day rally.
Analyst commentary: 'We believe the initial positive equity market reaction is due to investors gaining confidence in the Fed's willingness and ability to fight inflation. As a result, they are decreasing the odds of stagflation and policy error,' said Chris Harvey, head of equity strategy at Wells Fargo. 'It seemed like there was some hedging demand into the event, perhaps relief that the event has happened, regardless of outcome,' added Danny Kirsch, head of options at Cornerstone Macro. 'The event is gone, sell your hedge and move on.'
Sponsored By StartEngine StartEngine’s Current Funding Round Ends 12/19/2021
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WallStreetBets goes to Wall Street
Online message board Reddit (REDDIT) has confidentially filed to go public, submitting a draft registration statement with the SEC. Not too many other details were disclosed, like how many shares would be offered or the price range for the proposed listing. As for the timing, Reddit said the IPO is 'expected to occur after the SEC completes its review process, subject to market and other conditions.'
Backdrop: Reddit was created in 2005 and Conde Nast Publications acquired the platform in 2006. It remained a part of the mass media company until it was made an independent subsidiary in 2011, and since then, Reddit has raised a series of funding rounds from venture capital firms. The most recent one came in August, when it raised $700M at a valuation of more than $10B (up from the $6B valuation recorded six months prior).
The shift to public markets will be interesting as Reddit looks to build on the attention it gained at the start of the year when the platform became a force on Wall Street. Its WallStreetBets forum transformed into a hot spot for retail traders who rallied around GameStop (GME), and coordinating their buying to drive up the prices of other stocks. The meme trading frenzy brought in millions of new users, as well as new advertisers, the source of the bulk of the company's revenue. In fact, Reddit reached $100M in advertising revenue during Q2 of 2021, up 192% from the previous year.
Go deeper: Over 900 companies have gone public in 2021, raising nearly $300B in 2021, including high-profile names like Affirm (AFRM), Robinhood (HOOD) and Rivian Automotive (RIVN). Reddit's IPO will come at the tail end of the banner year and CEO Steve Huffman hopes a lot of retail investors will participate in the listing. The message board platform, known for its 'anything goes' ethos, had roughly 52M daily active users and over 100K communities, or 'sub-reddits,' as of October 2020.
Stalled in the Senate
Democrats had been hoping to wrap up their roughly $2T social spending bill by the end of the year, but those efforts are faltering. The so-called 'human infrastructure' package would cover areas like education, healthcare and climate change, and would need the support of all 50 members of the Senate Democratic caucus to pass. However, Sen. Joe Manchin (D., W.Va.) is still not on board with the bill, saying 'budget gimmicks hide the true cost' and it would temporarily fund programs that Democrats intend to later make permanent.
Bigger picture: Manchin's stance is somewhat in line with the latest estimate from the Congressional Budget Office, which found that a 10-year 'permanent Build Back Better' would increase the budget deficit by $2.75T. That finding, released last Friday, evaluated the effect of the spending plan on the deficit if - at the time when provisions would otherwise expire - Congress were to extend them for the remainder of the 10-year period. Political wrangling immediately ensued and lawmakers retreated back to party lines.
'What we're talking about here is a fake CBO score that is not based on the actual bill that anybody is voting on,' White House Press Secretary Jen Psaki said at a briefing. 'This was an ask - request by Senator Graham to score a bill that is not currently being debated.'
Outlook: President Biden has spoken with Manchin at least twice this week, though the two are still at loggerheads over the expanded child tax credit and other issues. Democrats also haven't solidified their opinion on the state and local tax deduction, and failure to pass the plan could have other long-term implications. The enhanced child tax credit will expire at the end of the year unless Congress extends it, while the developments could influence next year's midterm elections.
Omicron-specific
A booster is your best chance to fight Omricon, according to White House chief medical advisor Dr. Anthony Fauci, adding that 'at this point, there is no need for a variant-specific booster.' 'So the message remains clear,' he continued. 'If you are unvaccinated get vaccinated, and particularly in the arena of Omicron if you are fully vaccinated, get your booster shot.' Companies ranging from Pfizer (PFE) to Moderna (MRNA) were already researching shots that could be tailored specifically for Omicron and some had even forecast a delivery date in early 2022 if they were needed.
Statistics: The unvaccinated are 8x more likely to end up in the hospital and 14x more likely to die compared with people who are fully vaccinated, according to data from the U.S. Centers for Disease Control and Prevention. Director Rochelle Walensky also said that 36 states have detected Omicron so far, and the variant makes up about 3% of COVID-19 cases nationwide (and up 13% in New York and New Jersey).
Meanwhile, COVID-19 infections are soaring across the country and are starting to upend daily life in some places. NYU and Princeton just joined Cornell as the latest universities to cancel year-end events and move finals online (a major spike in infections has been seen at the schools despite them requiring vaccines). Lines at testing sights are also getting backed up, while Philadelphia's Health Commissioner even urged households to cancel their upcoming holiday plans.
Grim milestone: The U.S. just passed 800,000 COVID deaths since the start of the pandemic and many hospitals across the nation are now close to capacity. 'We expected this to be a three- to six-month crisis and then we expected it to be over - instead it's 20 months,' noted Dr. John Goldman, an infectious disease expert at UPMC Harrisburg. 'We have been very busy since essentially March of 2020. It is very hard for people to continue that level of intensity.'
Today's Economic Calendar
8:30 Initial Jobless Claims 8:30 Philly Fed Business Outlook 8:30 Housing Starts and Permits 9:15 Industrial Production 9:45 PMI Composite Flash 10:30 EIA Natural Gas Inventory 11:00 Kansas City Fed Mfg Survey 4:30 PM Fed Balance Sheet
Companies reporting earnings today »
Today's Markets
In Asia, Japan +2.1%. Hong Kong +0.2%. China +0.8%. India +0.2%. In Europe, at midday, London +0.9%. Paris +1.6%. Frankfurt +1.8%. Futures at 6:20, Dow +0.7%. S&P +0.8%. Nasdaq +0.8%. Crude +1.2% at $71.72. Gold +1.3% at $1786.50. Bitcoin +2% at $49189. Ten-year Treasury Yield -1 bps to 1.45%
What else is happening...
Rivian (NASDAQ:RIVN) set to report first quarterly results since going public.
Apple (NASDAQ:AAPL) indefinitely postpones workers' return to the office.
Visa (NYSE:V) discloses new $12B share repurchase program.
De-listing concerns: Alibaba (NYSE:BABA) leads Chinese stock losses.
Bitcoin (BTC-USD) rebounds as Fed doubles taper pace.
Xilinx (NASDAQ:XLNX) deal spread with AMD (NASDAQ:AMD) widens on China worries.
Delta (DAL) sets aggressive targets at Capital Market Day event.
Plant-based package maker goes public via SPAC Gores Holdings VIII (NASDAQ:GIIX).
2021.12.16 10:15 DangerousDaveyUnaudited interim results for the six months ended 30 September 2021 and a review of recent activities.
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining16 December 2021
Kodal Minerals plc ('Kodal', 'Kodal Minerals' or the 'Company')
Interim Results
Kodal Minerals, the mineral exploration and development company, announces its unaudited interim results for the six months ended 30 September 2021 and provides a review of recent activities.
· Significant progress made across entire exploration and development portfolio as Kodal advances its key lithium and gold projects in West Africa
*Bougouni Lithium Project*
· Mining Licence granted in November 2021 covering the proposed open-pit mining and processing operation at Bougouni - the project is now fully permitted for development and construction.
· Immediate commencement of a programme of work in November 2021 to update the Feasibility Study announced in January 2020 ahead of securing funding for mine development and construction. The programme has a six-month time estimate and will focus on:
o Metallurgical test work for variability testing and confirmation of process flowsheet, investigating the potential for increased metallurgical recoveries;
o Completion of geotechnical and hydrogeological reviews for open pit and the tailings dam;
o Update and finalisation of capital cost estimates and operating costs for the proposed development; and
o Community development and stakeholder engagement activities at Bougouni.
· Acquisition of the retained 10% interest in Bougouni concessions from original owners allowing Kodal to further explore development and financing opportunities as the 100% owner.
Nielle Gold Project - Cȏte d'Ivoire**
· Initial reverse circulation ('RC') drilling programme completed consisting of a total of 12 drill holes for 1,285m.
· These intersections confirm the extent and high-grade nature of the mineralisation at Nielle and will be used to focus follow-up drilling to target definition of high-grade zones.
· Gold mineralisation is associated with quartz-carbonate-sulphide mineralisation and remains open along strike and at depth.
· Final assay results confirm high grade mineralised zones with grades up to 38.5g/t gold, and intersections include:
o 13m at 5.07g/t gold from 12m in drill hole NLRC035*
- including 3m at 16.33g/t gold from 13m.
- including 2m at 10.79g/t gold from 27m
- including 2m at 31.54g/t gold from 8m
- including 2m at 16.88g/t gold from 88m
Fatou Project - Mali**
· Initial RC drilling programme consisting of 11 RC drill holes for 1,242m completed with initial programme focussed on the northern Fatou area where historic NI43-101 resource estimate had previously been completed around an area of significant artisanal workings.
· Kodal is seeking to validate the width and tenor of mineralisation in this area and drilling has indicated zones of sulphide mineralisation as well as highlighting extensions of artisanal workings.
· All samples have been dispatched to laboratory for analysis and results are expected in January 2022.
Kodal has maintained the tenure of all other gold project in Mali and Cȏte d'Ivoire in good standing and continues to evaluate exploration programmes to advance these projects.
Bernard Aylward, CEO of Kodal Minerals, said:
'The six months ending 30 September 2021 and the subsequent weeks continued a very busy period for the Company and we have achieved important milestones that support the Company's ambitions for the development of the Bougouni Lithium Project and the advancement of our gold projects.'
'The granting of the mining licence for the Bougouni Project finalises the permitting required for the commencement of development, construction and operation of this mine. This has come at a very opportune time as we continue to see an exponential increase in lithium demand and strong sentiment for the lithium spodumene market, and the lithium-ion battery market in general. Kodal notes the increasing demand for, and price of, the spodumene concentrate it intends to produce and notes that the current market price exceeding US$2,300 per tonne of concentrate compares very favourably with the price of US$680 per tonne used as the initial price in our 2020 Feasibility Study.
'Our activities at Bougouni continue to focus on the community and environmental aspects of our development activity in the region and are building on our strong relationships as we move to finalise community development and compensation packages as part of our mine development. In addition, we have been undertaking a review of our existing Feasibility Study to upgrade costs and estimates to reflect current expectations and best practices. This work has included a review of our proposed treatment plant plans undertaken with a major Chinese consulting and construction group, to update our original capital estimates and look to improve our flowsheet and metallurgical recoveries. Results of this important work are expected by the end of January 2022.
'Kodal's is active on multiple gold exploration projects across southern Mali and Northern Cȏte d'Ivoire where the Company is continuing to undertake drilling programmes with the aim of proving up what we believe will be a very significant global resource inventory across our gold assets.
'At the Nielle project the shallow, high-grade gold mineralisation from our initial drilling programme is very encouraging. The extent of the shallow-high grade gold mineralisation up to 38.5g/t gold will be important to determine as well as continuing to extend the depth of the gold mineralised structures. Exploration of these mineralised systems throughout West Africa is continuing to highlight the importance of the controls on the high-grade gold mineralised shoots, and our next phase of drilling will also attempt to define the controls and possible plunge directions of the high-grade zones.
'At the Fatou project we have recently completed our initial drilling programme. The initial target area has widespread artisanal workings and the historic drilling has not been able to test fully the extent of the gold mineralised zone. All our samples have been dispatched to the laboratory and we look forward to reporting the assay results as they are expected to be received in January 2022.'
Chairman's Statement
'I am pleased to report that Kodal is in a strong strategic position and its exposure to the buoyant lithium market as well as its gold projects augurs well for the continued development of the Company. The lithium market has experienced strong price rises over the course of the 2021 year and this rise is driven both by a clear supply deficit as well as a major increase in the battery market and in particular the uptake of electric vehicles ('EVs').Robert Wooldridge
In the 6-month period ended 30 September 2021, the Group has recorded a loss of £373,000 compared to losses of £255,000 for the 6 months to 30 September 2020 and £623,000 for the year to 31 March 2021.
Cash balances as at 30 September 2021 were £3,085,000 compared to £870,000 at 30 September 2020 and £2,432,000 at 31 March 2021. Cash as at 30 November 2021 was £1,584,000 with the funds spent in the six month period including £880,000 on the acquisition of the minority interests in the Bougouni Project and a further £958,000 spent on exploration and development activities at the Company's projects.
Kodal has an extensive development and exploration programme planned for the Bougouni Project as well as the gold exploration projects. The Bougouni Project is the flagship project for the Company and we anticipate completing our review and update of the Feasibility study, to reflect current pricing as well as potential cost increases from the 2019 base, by the end of January 2022. The Company will also focus on potential funding of the development of Bougouni with discussions ongoing with parties looking to secure a position in the lithium market where it is becoming clear that advanced, near development projects are the focus of corporate activity. The Company will maintain the exploration drilling at the gold projects with the aim of defining new mineral resources that will demonstrate the value of the gold portfolio.
I look forward to reporting on our progress in the Company's Annual Report for the year ending 31 March 2022.'
Non-Executive Chairman
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021
Unaudited 6 months to 30 September 2021 | Unaudited 6 months to 30 September 2020 | Audited Year ended 31 March 2021 | ||
---|---|---|---|---|
£ | £ | £ | ||
Continuing operations | ||||
Revenue | - | - | - | |
Administrative expenses | (226,153) | (170,545) | (512,885) | |
Share based payments | (124,781) | (67,894) | (77,979) | |
OPERATING LOSS | (350,934) | (238,439) | (590,864) | |
Finance costs | (22,330) | (16,820) | (32,506) | |
LOSS BEFORE TAX | (373,264) | (255,259) | (623,370) | |
Taxation | - | - | - | |
LOSS FOR THE PERIOD/YEAR | (373,264) | (255,259) | (623,370) | |
OTHER COMPREHENSIVE INCOME | ||||
Items that may be subsequently reclassified to profit and loss | ||||
Currency translation (loss)/gain | 61,298 | 109,594 | (223,636) | |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/YEAR | (311,966) | (145,665) | (847,005) | |
Loss per share | ||||
Basic and diluted - loss per share on total earnings - pence per share | 3 | (0.0024) | (0.0023) | (0.0054) |
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2021
Unaudited as at 30 September 2021 | Unaudited as at 30 September 2020 | Audited as at 31 March 2021 | ||
---|---|---|---|---|
Note | £ | £ | £ | |
NON-CURRENT ASSETS | ||||
Intangible assets | 6 | 9,994,766 | 8,850,606 | 8,964,089 |
Property, plant and equipment | 7 | 6,889 | 11,875 | 8,677 |
10,001,655 | 8,862,481 | 8,972,766 | ||
CURRENT ASSETS | ||||
Other receivables | 11,631 | 8,469 | 1,854,908 | |
Cash and cash equivalents | 3,085,708 | 869,659 | 2,432,807 | |
3,097,339 | 878,128 | 4,287,715 | ||
CURRENT LIABILITIES | ||||
Trade and other payables | (592,143) | (332,771) | (624,616) | |
NET CURRENT ASSETS / (LIABILITIES) | 2,505,196 | 545,357 | 3,663,099 | |
TOTAL ASSETS LESS CURRENT LIABILITIES | 12,506,851 | 9,407,838 | 12,635,865 | |
NON-CURRENT LIABILITIES | ||||
Convertible loan notes | 8 | - | (533,116) | - |
NET ASSETS | 12,506,851 | 8,874,722 | 12,635,865 | |
EQUITY | ||||
Attributable to owners of the parent: | ||||
Share capital | 10 | 4,941,475 | 3,543,499 | 4,916,364 |
Share premium account | 10 | 15,874,194 | 12,761,601 | 15,841,134 |
Share based payment reserve | 932,583 | 797,717 | 807,802 | |
Translation reserve | (149,162) | 122,769 | (210,460) | |
Retained deficit | (9,092,239) | (8,350,864) | (8,718,975) | |
TOTAL EQUITY | 12,506,851 | 8,874,722 | 12,635,865 |
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021
Share capital | Share premium account | Share based payments reserve | Translation reserve | Retained deficit | Total equity | |
---|---|---|---|---|---|---|
£ | £ | £ | £ | £ | ||
At 31 March 2020 (audited) | 2,889,606 | 12,514,604 | 729,823 | 13,175 | (8,095,605) | 8,051,603 |
Comprehensive income | ||||||
Loss for the period | - | - | - | - | (255,259) | (255,259) |
Currency translation gain | - | - | - | 109,594 | - | 109,594 |
Total comprehensive income for the period | - | - | - | 109,594 | (255,259) | (145,665) |
Transactions with owners | ||||||
Proceeds from shares issued | 653,893 | 246,997 | - | - | - | 900,890 |
Share based payment | - | - | 67,894 | - | - | 67,894 |
At 30 September 2020 (unaudited) | 3,543,499 | 12,761,601 | 797,717 | 122,769 | (8,350,864) | 8,874,722 |
Comprehensive income | ||||||
Loss for the period | - | - | - | - | (368,111) | (368,111) |
Currency translation loss | - | - | - | (333,229) | - | (333,229) |
Total comprehensive income for the period | - | - | - | (333,229) | (368,111) | (701,340) |
Transactions with owners | ||||||
Proceeds from shares issued | 1,372,865 | 3,079,533 | - | - | - | 4,452,398 |
Share based payment | - | - | 10,085 | - | - | 10,085 |
At 31 March 2021 (audited) | 4,916,364 | 15,841,134 | 807,802 | (210,460) | (8,718,975) | 12,635,865 |
Comprehensive income | ||||||
Loss for the period | - | - | - | - | (373,264) | (373,264) |
Currency translation gain | - | - | - | 61,298 | - | 61,298 |
Total comprehensive income for the period | - | - | - | 61,298 | (373,264) | (311,966) |
Transactions with owners | ||||||
Proceeds from shares issued | 25,111 | 33,060 | - | - | - | 58,171 |
Share based payment | - | - | 124,781 | - | - | 124,781 |
At 30 September 2021 (unaudited) | 4,941,475 | 15,874,194 | 932,583 | (149,162) | (9,092,239) | 12,506,851 |
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021
Unaudited 6 months to 30 September 2021 | Unaudited 6 months to 30 September 2020 | Audited Year ended 31 March 2021 | |
---|---|---|---|
£ | £ | £ | |
Cash flows from operating activities | |||
Loss before tax | (373,264) | (255,259) | (623,370) |
Adjustments for non-cash items: | |||
Finance costs | 22,330 | 16,820 | - |
Share based payments | 124,781 | 67,894 | 77,979 |
Operating cash flow before movements in working capital | (226,153) | (170,545) | (545,391) |
Movement in working capital | |||
Decrease in receivables | 13,494 | 11,509 | 3,965 |
(Decrease)/increase in payables | (54,804) | (325,943) | (34,097) |
Net movements in working capital | 41,310 | (314,434) | (30,132) |
Net cash outflow from operating activities | (267,463) | (484,979) | (575,523) |
Cash flows from investing activities | |||
Purchase of tangible assets | (1,600) | - | - |
Purchase of intangible assets | (954,842) | (93,018) | (535,947) |
Net cash outflow from investing activities | (956,442) | (93,018) | (535,947) |
Cash flow from financing activities | |||
Net proceeds of issue of convertible loan notes | - | 595,801 | 1,095,152 |
Repayment of convertible loan notes | - | (22,688) | - |
Finance costs | - | (40,966) | - |
Net proceeds from share issues | 1,887,954 | 900,890 | 2,419,241 |
Net cash inflow from financing activities | 1,887,954 | 1,433,037 | 3,514,393 |
Increase/(decrease) in cash and cash equivalents | 664,049 | 855,040 | 2,402,923 |
Cash and cash equivalents at beginning of the period | 2,432,807 | 33,221 | 33,221 |
Exchange (loss) / gain on cash | (11,148) | (18,602) | (3,337) |
Cash and cash equivalents at end of the period | 3,085,708 | 869,659 | 2,432,807 |
NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021
General information
Kodal Minerals plc is a public limited company incorporated and domiciled in England & Wales. The Company's shares are publicly traded on the AIM market of the London stock exchange. Kodal Minerals Plc and its subsidiaries are involved in the exploration and evaluation of mineral resources in West Africa.
Basis of preparation
These unaudited condensed consolidated interim financial statements for the six months ended 30 September 2021 were approved by the board and authorised for issue on 15 December 2021.
The basis of preparation and accounting policies set out in the Annual Report and Accounts for the year ended 31 March 2021 have been applied in the preparation of these condensed consolidated interim financial statements. These interim financial statements have been prepared in accordance with the historical cost convention and in accordance with International Accounting Standards in conformity with the requirements of the Companies Act 2006 that are expected to be applicable to the consolidated financial statements for the year ending 31 March 2022 and on the basis of the accounting policies expected to be used in those financial statements.
The figures for the six months ended 30 September 2021 and 30 September 2020 are unaudited and do not constitute full accounts. The comparative figures for the year ended 31 March 2021 are taken from the 2021 audited accounts, which are available on the Group's website, and have been delivered to the Registrar of Companies, and do not constitute full accounts.
The Group has not earned revenue during the period to 30 September 2021 as it is still in the exploration and development phases of its business. The operations of the Group are currently being financed from funds which the Company has raised from the issue of new shares.
The directors have prepared cash flow forecasts for the next 12 months. The forecast includes the costs of further refining the feasibility study at the Bougouni Lithium Project, additional targeted exploration of some of the company's gold assets, and the ongoing overheads of the Group. The forecast shows that the Group has sufficient cash resources available to allow it to continue as a going concern and meet its liabilities as they fall due for a period of at least 12 months from the date of the approval of these interim results. Accordingly, the interims have been prepared on a going concern basis.
KODAL MINERALS PLC
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021
- SEGMENTAL REPORTING
Six months to 30 September 2021 (Unaudited) | West African Gold | West African Lithium | Corporate | Total |
---|---|---|---|---|
£ | £ | £ | £ | |
Administration expenses | (293) | (64) | (225,796) | (226,153) |
Share based payments | - | - | (124,781) | (124,781) |
Loss for the period | (293) | (64) | (350,577) | (350,934) |
At 30 September 2021 | ||||
Trade and other receivables | - | - | 11,631 | 11,631 |
Cash and cash equivalents | 11,025 | 32,831 | 3,041,852 | 3,085,708 |
Trade and other payables | - | (298,683) | (293,460) | (592,143) |
Intangible assets - exploration and evaluation expenditure | 2,078,176 | 7,916,590 | - | 9,994,766 |
Property plant and equipment | - | 6,889 | - | 6,889 |
Net assets | 2,089,201 | 7,657,627 | 2,760,023 | 12,506,851 |
Six months to 30 September 2020 (Unaudited) | West African Gold | West African Lithium | Corporate | Total |
---|---|---|---|---|
£ | £ | £ | £ | |
Finance costs | - | - | 16,820 | 16,820 |
Administration expenses | 199 | 68 | 170,278 | 170,545 |
Share based payments | - | - | 67,894 | 67,894 |
Loss for the period | 199 | 68 | 254,992 | 255,259 |
At 30 September 2020 | ||||
Other receivables | - | - | 8,469 | 8,469 |
Cash and cash equivalents | 7,479 | 2,176 | 860,004 | 869,659 |
Trade and other payables | - | (300,676) | (32,094) | (332,771) |
Convertible loan notes | - | - | (533,116) | (533,116) |
Intangible assets - exploration and evaluation expenditure | 1,203,489 | 7,647,117 | - | 8,850,606 |
Property plant and equipment | - | 11,875 | - | 11,875 |
Net assets | 1,210,968 | 7,360,491 | 303,263 | 8,874,722 |
submitted byDangerousDaveytoKodalminerals [link][comments]
2021.12.16 06:41 MillennialBetsCall the $UBER! Destination: Gainsville
Date: 2021-12-15 08:45:26, Author:u/BigDaddyDLo, (Karma: 2799, Created:Apr-2013)SubReddit:WallStreetBets, DD Click Here
PICTURES DETECTED: this DD post is better viewed in it's original post
SomeTickers mentioned in this post:
GS 389.91 MS 99.43 JP 1.06 RBC 140.09 TLH 149.55 UBER 37.83 UBS 17.59
Drive with Uber and you can afford first class like me! – Rose DeWitt Bukater, Titanic Survivor
- Similar setup to Dec ‘19-Jan ‘20 rebound (1mo return ~+45%)
- Analyst EBITDA estimates too low; avg PT of $70! (+85%)
- Explosive ’22 EBITDA growth on increased op leverage
- Consistent 2022 Top Pick on Street; screens great for fund managers
- CEO bought 200k shares, major vote of confidence
- Wandered desert for '21, Entering promised land '22
- Calls price for good upside!
UBER has been getting hammered nearly all of 2021 for various reasons, none of which are due to fundamental shifts in the business. It's a far stronger company than pre-covid, as the pandemic era forced Uber to increase efficiency & financial leverage, making them more profitable on lower bookings. Return to full volume = Profits like Splash Waterfalls (see: Ludacris). Did I mention the CEO just said they had their best bookings week ever? Additionally, they should benefit from travel news over the next month as it continues to see strong recovery momentum despite Omicron.
Two important calendar events happen annually: Entering the new year and the second half. Funds are always for stocks to drive outperformance in that next period, and in the case of Dec, this leads to supply overhangs from tax-loss harvesting (TLH) suddenly being met with swift buying once the “coast is clear”. Like the overhang in ‘19, Uber could rebound out of this period toward the mid-to-high 40s where the CEO purchased 200k shares last month. Market mechanics converging with positive fundamental news should support a near-term multiple rerating.
Recap: This play is taking advantage of a rebound as the coast clears from overwhelming Dec supply (TLH & omicron fears), buying demand re-enters (week of 12/17) helping it break its downward channel, and a sentiment & technical reversal is signaled, leading to further upside momentum.
- Revenue Growth: +49% ’22, +31% ‘23
- Fwd P/S '22: 2.9x ... valuation and growth speak for themselves. Name one other company growing at ~40% 2yr CAGR trading at only 2.9x Fwd P/S.
- EBITDA Growth: +243% ‘22, +188% ‘23
- Explosive growth a direct result of prior investments across their platforms
- Does not yet account for CEO’s comments on 12/14 reaffirming 4Q21 EBITDA toward the higher end of the guide (orig: $25m-$75m), which likely flows through to slight estimate raises across the next calendar year as well.
- Uber continues to approach full profitability, currently estimated for Q2 ’23. I suspect Uber may pull this expectation forward at their Feb ER.
- Free Cash Flow Growth: ’22 +190%, ’23 +268%
- UBER’s efficiency initiatives have it on the brink of becoming a colossal FCF generation machine, with ’22 expected to be the year they flip FCF positive for the first time in history. Guess what factor should do well in the next phase of this market? My money is increasing FCF will be top of that list.
- Equity Investments
- The primary culprit of their Q3 miss, equity investment revaluation (i.e. Didi stake of 144mil shares) drove the bulk of their -$2.4B net income loss, not losses from actual business operations.
- CEO looking to strategically raise cash from these investments as they rebound in the future; with Didi relisting on Chinese markets, it will eventually flow through as a colossal earnings tailwind in the future.
- Analyst Price Target: $69.50, +86% Upside
- The buffer makes it a fantastic candidate to rebound and still have plenty of upside following their February ER.
- UBER named a Top 2022 Pick by Goldman Sachs, JP Morgan, Morgan Stanley and UBS so far. What do all these have in common? They comprise the bulk of investable assets and represent a significant portion of sell-side flow. Good PMs drive outperformance by buying early in a price turnaround and that’s roughly where we are.
Note: All positions assume a rebound to mid-to-high $40s by expiration. Prior resistance highs were $64.
Gen X/Boomers: Buy stock! No brainer.
Risk-Averse: April ’22 C42.5 currently presents 1-3x upside, expands to 5.5x on sustained momentum to $55 following Feb ER.
Quasi-Risk Averse: March ’22 C42.5 currently presents 3.9x upside, expands to 5.5x on sustained momentum to $55 following Feb ER.
Pump It Up! Junior: Feb '22 C45 currently presents 4.7x upside on a post-ER rebound to $50, expands to 9.5x on a rebound to $55, 85% of prior highs.
Pump It Up!: Jan ’22 C40 currently presents 5.5-9x upside on a rebound toward mid-to-high $40s
WSB Delight: Jan ’22 C42 currently presents 6.5-11x upside on a rebound toward mid-to-high $40s
My positions: I’m accumulating all of the above, finishing my purchasing over the days ahead as we take advantage of volatility from options expiration and the market holding its breath through the Fed announcement. Instead of posting this write up on Dec expiration (12/17) as planned, I decided to crank it out earlier due to the attention boost UBER got 12/14 so people could start legging in positions.
Regarding regulation, which I originally cut for length due to it not being relevant to this trade:
I'm glad you mentioned that as I cut it out for length. As RBC stated in a recent report:Original Comment
We view outcomes similar to Prop 22 in CA as more likely, where driver protections are put in place with an emphasis on those pursuing full-time driving which affects the minority of drivers.
As BTIG stated in a recent report titled 'UK Ruling More of a Win Than Headlines Suggest':
UBER reclassified UK drivers as workers in 3/2021 and competitors didn't match, which meant that UBER's costs [already] went up. ...The net result should be... a level playing field... and finally a scenario in which UBER could raise prices to offset the higher costs... since the reclassification.
Chart 1:
Stock found solid support at 2020 resistance levels, leaving me to believe this is the bottom. A reversal toward the upper end of the channel should lead to a breakout from the downtrend in price and sentiment.
submitted byMillennialBetstoMillennialBets [link][comments]
2021.12.10 23:36 Adderalintest
This is a guide that hopefully helps someone who was on the track to FIRE but due to life events they had no choice but to file for Social Security Disability. This guide is intended for an audience who previously had a high savings rate, is possibly already FI, who has flexibility, and how you can get the most benefit out of the SSDI and Medicare system. This guide also applies to anyone who is age 65 and is facing the decision to enroll in Medicare.I decided to write this guide as quite frankly some of the financial planning steps I had to navigate was not written anywhere on the internet, outside the knowledge of most insurance professionals, and even SHIP counselors, with one counselor telling me: 'You have to read the Medigap contract itself. You're on own for the answers you're asking me. The Federal Consumer protection laws regarding guaranteed renewable coverage and moving only applies to age 65+ people and the Medigap insurance company doesn't have to follow those laws for under age-65 disabled people in the insurance contracts they write.'
Finally, I decided to write this guide as it's the unfortunate fact that some of us who are on the FIRE path will be hit with the hard choice of having to accept our fate and file for government benefits. I hope what I've gone through helps others in the same situation.
The biggest financial decision you will make after 24 months of paid benefits on SSDI is do you want a Medicare plan or a Medicare Advantage plan.
Original Medicare allows one to see any doctor in all 50 states who accepts Medicare assignment. It allows for the best treatment, the best flexibility, and so on.
Medicare Advantage allows one to irrevocably (after a waiting period) forfeit their Medicare rights to join a private health insurance network of local doctors and specialists. Out of state care is not covered other than genuine true emergencies such as a heart attack. Medicare pays roughly $1,000 a month per enrollee to the private health insurance plan which is why many is able to offer $0 monthly premiums + drug coverage, and possibly throw on dental + vision.
Having been FIRE focused, having a substantial amount of savings, and having a large private disability insurance policy, the choice for me was a no brainer:
Grab Original Medicare. I've always bought PPO plans at work vs HMO plans and this is essentially the same choice. If you prefer PPO go Medicare. If you prefer HMO then Advantage is fine.
We all celebrated the ACA passing. The ACA introduced three very important provisions legally:
- Removal of lifetime benefit limits
- Coverage of pre-existing conditions
- Introduction of an annual out of pocket max figure
Original Medicare is both awesome AND it sucks ass. Part A is awesome, you only pay $1,556 per hospitalization that lasts under 60 days with ZERO CO-INSURANCE. Part B however sucks, it's 80% from Medicare and 20% co-insurance, with NO out of pocket max.
Many people hear no out of pocket max and are really afraid of going broke on Medicare, and sign up for a Medigap plan. I felt the same way - I felt really scared of having a $1 million hospitalization and owing $200,000.
Getting a Medigap plan (or having Retiree Healthcare Coverage) is the only way to prevent this. Medicare has a great guide on what supplemental insurance is and a nice breakdown of the available standardized plans.
Medigap is advertised heavily as the best way of avoiding a $200k bill, but unfortunately, for an under-age 65 disabled person they are sold in a few specific states like California and Oregon, and insurance companies refuse to sell them to under age-65 disabled in most states. The premiums are through the roof for under age-65 disabled too, basically age 90 pricing with a Part G plan being $400+ a month and a Part-G high-deductible plan being $110+ a month.
So I did some research - there are some doctors out there like Dr. David Belk, MD who do the actual math on a hospitalization. So Dr. Belk has some examples on how a giant $1 million hospitalization will be written down to only your $1,556 (2022 figures) Part-A deductible, and thus thanks to aggressive cost negotiation having no out of pocket max isn't a scary thing at all.
So, now that we have two extremes - one where we could be literally bankrupt and another one where we could be ok. I scoured the Bogleheads.org website to find Medicare billing stories and the truth is it's in the middle. The reality is Dr. Belk is 100% right on an under day 60 hospitalization is going to cost you $1,556 with zero co-insurance.
The other reality is hospitals and healthcare is greedy as hell. These days most the hospital on-call doctors and staff are going to be a separate corporation who's a contractor to the hospital making a 'home' visit or some such, and they will bill your part B. Then if you don't have a Medigap policy you'll limit your surgeries to in-patient hospitalization stays only, as ambulatory surgery centers (ASCs) are billed under part B. One Boglehead had heart surgery in an ASC with no Medigap, the medicare allowed amount was roughly $100k, and he roughly had a $20k co-insurance payments. Figures I can find on the forums there range between $10k-$50k of part-B co-insurance for hospitalizations thanks to heavy legal billing of a patient's part B coverage in the hospital.
So, you won't be facing a $200k bill but a $20k heart attack surgery bill will still be 15 years of a Medigap High Deductible premium. I decided Megigap is worth it. The high-deductible plan G is your best coverage financially if seeing FIRE. A $400/mo Plan-G one isn't - that's a heart attack every 4 years.
Finally, there is a lot of stories of people with Original Medicare without a supplemental insurance plan facing credit checks getting established at a new doctor's office. You might face having to pay upfront the estimated Patient Responsibility or otherwise be financially discriminated if you're on original Medicare without supplement insurance. For us seeking FIRE and have above average financial means it pays for someone to seriously consider getting a supplement plan. The high deductible plans are a great value.
After finding out what seems to be closest to the truth, I made the decision to stay living in California to be able to get a Medigap plan. Oregon and California require Medigap companies to sell plans to residents of their state. Some other states likewise may have Medigap plans available. If you're on the FIRE path, and your willing and able to financially and physically relocate, then I recommend moving or staying put in those Medigap friendly states until you obtain your Medigap contract.
The great thing about Medigap is it's guaranteed renewable. As long as you pay your premiums, it cannot be cancelled even if you move. Unfortunately, there is one huge caveat here that a SHIP counselor pointed out to me: Those laws only apply to the age-65+ crowd. You'd have to read your Medigap policy to be sure it states those terms.
My Medigap policy stated those terms in my case. It even explicitly stated I was allowed to move. I was then later able to move to a low cost of living state, and then after an hour on the phone with customer service who wanted to cancel me for moving out of the Medigap's service area - I prevailed and kept my California Medigap policy in a new state that doesn't sell Medigap to under-age 65 disabled people.
You have a legal right to buy a Medigap policy in California and Oregon and any other states that require this. If you're under a group healthcare plan they cannot interfere with this right. Furthermore, under a 1999 law - the Ticket to Work and Work Incentives Improvement Act of 1999, you have a legal right to suspend or resume your Medigap plan at any time:
https://www.cms.gov/Medicare/Health-Plans/Medigap/downloads/mdgp0104.pdf
I was in a very unique situation. The startup I worked at as a CTO decided to boot me out of their Retiree Healthcare Plan I helped set up for under-age 65 disabled employees when I became entitled to Medicare and they legally didn't have to offer COBRA coverage anymore. (My lawyer and I suspect they booted me out due prescription costs and it wasn't related to obtaining Medigap.) In the mean time I bought a Medigap policy. Later, the coverage was re-instated. Now I was in a situation where I had secondary coverage under two plans and it would be a huge mess. I decided to suspend my Medigap plan.
This suspension of the Medigap plan is indefinite. If you're ever in a situation where you become covered under a group health plan (such as you decide to start working again), then you're legally able to suspend your Medigap plan and freeze the premium payments. Likewise, if you are in a situation where your group health plan deteriorates, you can unsuspend the Medigap plan, then cancel the group health plan coverage.
Accepting disability benefits isn't a life long choice. You can certainly attempt to work. If you're FIRE focused or have substantial savings/private insurance/etc, I recommend only making any work attempts after you've obtained Medicare. Medicare allows you to work and will pay your part A premiums for up to 8.5 years as long as you still have the disabling condition and meet their rules for being disabled.
If you want to make a work attempt, I highly recommend enrolling in the ticket to work program. The biggest benefit of that is working will not trigger a continuing disability review.
Unfortunately I had a severance payment that was paid as part of my comp package in the event of disability. It was reported properly to the California SSDI office. However, when I moved out of state a new SSDI claims handler only read the top of my file and missed or didn't count the severance agreement. That handler saw I had an extra quarterly payment of work in California. It triggered a medical review which they fortunately found I was still disabled, but it used 3 of my 9 months of going over substantial gainful activity. I successfully appealed this.
How SSDI works is if you make over 1,350 a month (2022 figures), you can get nine months of working while still receiving benefits. However, if you make over $940 a month using a Trial Work Period up (2021 figures - 2022 not released), it will trigger a medical review. Ticket to Work protects you from medical reviews for the first 12 months, and possibly a lot longer depending on how many Trial Work Periods you use up, and how your work progress goes.
Under Medicare your Part B premium can be as high as $578.30 a month if you make too much income. hat works out to $6,939.6 a year in premiums. It gets charged two years later from the income on your tax return. A Pre-tax to Roth IRA conversion in 2021 will make you pay these premiums in 2023.
I'm under an unique situation where my entire SSDI and disability benefits are tax free in a given year. I owe zero federal income tax liability ignoring any capital gains from HFEA in my taxable account. I also have a huge pre-tax 401k account I want to make 100% Roth in the 22-24% tax brackets. It's 200k, I converted $100k pre-tax in 2021 converted to roth, and want to roll over the remaining $100k in 2022. However, those conversions make SSDI fully taxable, and bumps me in the $142k+ bracket after capital gains running HFEA in my taxable account. I also got hit with IRMAA for my severance payment.
Doing those conversions will make me subject to IRMAA. However, you can request a new decision for IRMAA.
How it basically works is there are certain life events such as marriage, work stoppage, etc you can only use once. (These life events fortunately reset when you turn age-65 and get Medicare for non-disabled reasons.) Your date of disability counts as a work stoppage event too. You must use this life event within two tax years.
Working it out with the local Social Security Office I'm able to do this: Convert $100k in 2021, Convert $100k in 2022. When I get my IRMAA letter for the 2021 tax year in December 2022 I give them my 2023 income estimate on form 44 with my 2019 work stoppage date. Doing this and I won't get ANY IRMAA hit on the 2021 and 2022 conversions! I just dodged 2023 and 2024 having high Medicare premiums.
My advice is to seriously convert as much pre-tax to Roth as it makes financial sense for you to do (tax bracket, state income taxes, etc), and file your Form 44 IRMAA New Decision request when you knock out two birds with one stone - literally.
The best resources one can utilize is the Centers for Medicare and Medicaid Website, your local social security office (call and request a specialist), and finally your local State Health Insurance Assistance Program.
I hope my guide is able to help for anyone in my shoes who's under age 65, disabled, and was on the path to financial independence.
submitted byAdderalintotest [link][comments]
2021.12.10 01:07 TemporalRecon177Gran Tierra Energy Inc. Announces 2022 Guidance
Forecast 2022 Production of 30,500-32,500 BOPD, an Increase of 19% from 2021 and 39% from 2020
Forecast 2022 Free Cash Flow2 of $40-60 Million After Fully Funded 2022 Exploration Program
2021 Year-End Credit Facility Balance Expected to be Under $70 Million
Full Repayment of Credit Facility Expected in 2022
Fitch Ratings Upgrade to ‘B-’, Outlook Stable
CALGARY, Alberta, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced its 2022 capital budget and production guidance. All dollar amounts are in United States dollars and all production volumes are on a working interest before royalties basis and are expressed in barrels (“bbl”) of oil per day (“BOPD”), unless otherwise stated. Key Highlights:
2022 Guidance:
Gran Tierra is forecasting the following ranges for the Company’s 2022 budget:
2022 BudgetBase Case CaseHigh CaseAnnual Average Brent Oil Price ($/bbl)70.0080.00Total Company Production (BOPD)30,500-32,50030,500-32,500Operating Netback4 ($ million)390-410470-490EBITDA3 ($ million)360-380440-460Cash Flow1 ($ million)270-290330-350Total Capital ($ million)220-240220-240Free Cash Flow2 ($ million)40-60100-120Bank Credit Facility Balance @ December 31, 2022 ($ million)00Number of Development Wells (gross)20-2520-25Number of Exploration Wells (gross)6-76-7
2022 Capital Program – Profitable Production Growth, Debt Reduction & High Impact Exploration: Gran Tierra has a large, diversified development and exploration portfolio in Colombia. The Company’s planned 2022 capital program is a balanced program between development and optimization of existing assets and potentially high-impact exploration. Gran Tierra expects to allocate approximately 70% of its 2022 capital program towards development activities in its core assets: $70 million for the Acordionero field (14-16 development wells) in the Middle Magdalena Valley Basin and $40 million and $30 million respectively to the Costayaco (4-5 development wells) and Moqueta (3 development wells) fields in the Putumayo Basin. The Moqueta work program is expected to commence in the second half of 2022 and is planned to continue into 2023. The remaining 30% of the capital program is expected to be allocated toward exploration-related activities throughout the Company’s portfolio, including up to 6-7 new exploration wells: 4 wells in Colombia and 2-3 wells in Ecuador. The exploration program is designed to focus on short-cycle time, near-field prospects in proven basins with access to infrastructure.
Fully Funded Capital Program Generating Material Free Cash Flow2: Gran Tierra’s Base Case 2022 capital budget of $220-240 million is expected to be fully funded from the Base Case 2022 cash flow1 forecast of $270-290 million, based on an assumed $70.00/bbl Brent oil price. Gran Tierra remains focused on generating strong free cash flow2 and accelerated debt repayment. The Company’s midpoint 2022 EBITDA3 guidance of $370 million is well above the midpoint of 2022 capital expenditures guidance of $230 million.
Control of Capital Program: Gran Tierra has 100% working interest in and operatorship of the Company's major assets in Colombia and Ecuador. This full control gives the Company the flexibility to quickly optimize its development and exploration programs with changes, either up or down, in oil prices.
Clear Path to Debt Reduction: Gran Tierra expects its credit facility to be paid down to a balance of under $70 million by December 31, 2021 and, with 2022 expected free cash flow2 and recovery of taxes receivable, to be fully paid off in the first half of 2022.
Recent Fitch Upgrade: Fitch Ratings recently upgraded Gran Tierra Energy International Holdings Ltd’s long-term foreign and local currency issuer default ratings to ‘B-’ from ‘CCC+’ and has also upgraded the Company’s senior unsecured notes ratings to ‘B-’/‘RR4’ from ‘CCC+’/‘RR4’ with a stable outlook. The upgrades reflect Gran Tierra’s improved debt profile in 2021.
Gran Tierra expects approximate 2022 expenses and operating netback per bbl4 to be in the following ranges:
2022 BudgetBase CaseHigh CaseBrent Oil Price ($/bbl)70.0080.00Expenses ($/bbl) Transportation and Quality Discount11.00-13.0011.00-13.00Royalties10.00-11.0014.00-15.00Oil and Gas Sales Price ($/bbl)46.00-49.0052.00-55.00Operating Costs11.00-13.0011.00-13.00Transportation (Pipeline)0.90-1.100.90-1.10Operating Netback ($/bbl)434.00-36.0040.00-42.00General and Administrative1.50-2.501.50-2.50Interest and Financing3.50-4.003.50-4.00 Current Tax, expected to be paid in the second quarter of 20234.00-4.505.50-6.00
2022 Hedges In Place Designed To Protect Cash Flows: The Company currently has the following Brent oil price hedges in place:
Strike Prices
Time PeriodVolume (BOPD)Swaps ($/bbl)Sold Put ($/bbl)Purchased Put ($/bbl)Sold Call ($/bbl)Premium ($/bbl)January 1-June 30, 20221,000 -60.0070.0089.40-January 1-June 30, 20221,00078.00----January 1-June 30, 20221,000--70.00-4.00 The Company expects to hedge approximately 25-40% of forecasted production on a rolling basis.
On Track to Achieve 2021 Production Guidance: Following the latest blockades in early fourth quarter 2021, Gran Tierra quickly restored production volumes from the Suroriente and PUT-7 Blocks.
Message to Shareholders Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented: 'Our teams’ excellent work throughout 2021 has strongly positioned the Company for continued development and enhanced oil recovery activities in 2022 to optimize the value from each of our assets. In addition, we plan to allocate modest capital to prioritized exploration drilling opportunities. Our forecast 2022 capital budget is a balanced, returns-focused program which is expected to provide free cash flow2 generation, ongoing strengthening of our balance sheet, optimization of ultimate oil reserves value and exposure to exploration upside. We see material potential in our exploration portfolio located in highly prospective geological trends in Colombia and Ecuador. We believe Gran Tierra is well-positioned to navigate the current volatile environment with our low base decline, conventional oil asset base and the operational control for capital allocation and timing, while maintaining a low-cost structure and the safety of our people.' 1 “Cash flow” refers to line item “net cash provided by operating activities” under generally accepted accounting principles in the United States of America (“GAAP”). 2 “Free cash flow” is a non-GAAP measure and does not have a standardized meaning under GAAP. Free cash flow is defined as “net cash provided by operating activities” less capital spending. Refer to 'Non-GAAP Measures' in this press release. 3 Earnings before interest, taxes and depletion, depreciation and accretion (“EBITDA”) is a non-GAAP measure and does not have a standardized meaning under GAAP. Refer to 'Non-GAAP Measures' in this press release. 4 “Operating netback” and “Operating netback per bbl” are non-GAAP measures and do not have standardized meanings under GAAP. Refer to “Non-GAAP Measures” in this press release. Contact Information For investor and media inquiries please contact: Gary Guidry President & Chief Executive Officer Ryan Ellson Executive Vice President & Chief Financial Officer Rodger Trimble Vice President, Investor Relations +1-403-265-3221 info@grantierra.com About Gran Tierra Energy Inc. Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company currently focused on oil and natural gas exploration and production in Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Colombia and Ecuador and will continue to pursue additional new growth opportunities that would further strengthen the Company’s portfolio. The Company’s common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at www.grantierra.com. Information on the Company's website does not constitute a part of this press release. Investor inquiries may be directed to info@grantierra.com or (403) 265-3221. Gran Tierra's Securities and Exchange Commission filings are available on the SEC website at http://www.sec.gov. The Company’s Canadian securities regulatory filings are available on SEDAR at http://www.sedar.com and UK regulatory filings are available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. Forward Looking Statements and Legal Advisories: This press release contains opinions, forecasts, projections, and other statements about future events or results that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). The use of the words “expect”, “plan”, “can,” “will,” “should,” “guidance,” “forecast,” “signal,” “measures taken to” and “believes”, derivations thereof and similar terms identify forward-looking statements. In particular, but without limiting the foregoing, this press release contains forward-looking statements regarding: the Company’s capital budget amount and uses; ability of hedges to protect cash flows, the Company’s strategies related to drilling and operation activities; expectations regarding reservoir prospects and production amounts; future well results (including initial oil production rates and productive capacity based on past performance); expected future net cash provided by operating activities (described in this press release as “cash flow”), free cash flow, operating netback, operating netback per bbl, EBITDA and certain associated metrics; anticipated capital expenditures, including the location and impact of capital expenditures; operating and general and administrative costs; production guidance for 2021 and 2022; the impact of the Company’s COVID-19 protocols; and the Company’s expectations as to debt repayment and its positioning for 2021 and 2022. The forward-looking statements contained in this press release reflect several material factors and expectations and assumptions of Gran Tierra including, without limitation, that Gran Tierra will continue to conduct its operations in a manner consistent with its current expectations, pricing and cost estimates (including with respect to commodity pricing and exchange rates), and the general continuance of assumed operational, regulatory and industry conditions in Colombia and Ecuador, and the ability of Gran Tierra to execute its business and operational plans in the manner currently planned. Among the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements in this press release are: Gran Tierra’s operations are located in South America and unexpected problems can arise due to guerilla activity or local blockades or protests; technical difficulties and operational difficulties may arise which impact the production, transport or sale of our products; other disruptions to local operations; global health (including the ongoing COVID-19 pandemic); global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a global health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; the risk that current global economic and credit conditions may impact oil prices and oil consumption more than Gran Tierra currently predicts, which could cause Gran Tierra to further modify its strategy and capital spending program; prices and markets for oil and natural gas are unpredictable and volatile; the accuracy of productive capacity of any particular field; geographic, political and weather conditions can impact the production, transport or sale of our products; the ability of Gran Tierra to execute its business plan and realize expected benefits from current initiatives; the risk that unexpected delays and difficulties in developing currently owned properties may occur; the ability to replace reserves and production and develop and manage reserves on an economically viable basis; the accuracy of testing and production results and seismic data, pricing and cost estimates (including with respect to commodity pricing and exchange rates); the risk profile of planned exploration activities; the effects of drilling down-dip; the effects of waterflood and multi-stage fracture stimulation operations; the extent and effect of delivery disruptions, equipment performance and costs; actions by third parties; the timely receipt of regulatory or other required approvals for our operating activities; the failure of exploratory drilling to result in commercial wells; unexpected delays due to the limited availability of drilling equipment and personnel; volatility or declines in the trading price of our common stock or bonds; the risk that Gran Tierra does not receive the anticipated benefits of government programs, including government tax refunds; Gran Tierra’s ability to comply with financial covenants in its credit agreement and indentures and make borrowings under its credit agreement; and the risk factors detailed from time to time in Gran Tierra's periodic reports filed with the Securities and Exchange Commission, including, without limitation, under the caption “Risk Factors” in Gran Tierra’s Annual Report on Form 10-K for the year ended December 31, 2020 and its other filings with the Securities and Exchange Commission. These filings are available on the Securities and Exchange Commission website at http://www.sec.gov and on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are based on certain assumptions made by Gran Tierra based on management’s experience and other factors believed to be appropriate. Gran Tierra believes these assumptions to be reasonable at this time, but the forward-looking statements are subject to risk and uncertainties, many of which are beyond Gran Tierra’s control, which may cause actual results to differ materially from those implied or expressed by the forward looking statements. In particular, the unprecedented nature of the current economic downturn, pandemic and industry decline may make it particularly difficult to identify risks or predict the degree to which identified risks will impact Gran Tierra’s business and financial condition. All forward-looking statements are made as of the date of this press release and the fact that this press release remains available does not constitute a representation by Gran Tierra that Gran Tierra believes these forward-looking statements continue to be true as of any subsequent date. Actual results may vary materially from the expected results expressed in forward-looking statements. Gran Tierra disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. The estimates of future production, EBITDA, net cash provided by operating activities (described in this press release as “cash flow”), free cash flow, operating netback, total capital and certain expenses and costs may be considered to be future-oriented financial information or a financial outlook for the purposes of applicable Canadian securities laws. Financial outlook and future-oriented financial information contained in this press release about prospective financial performance, financial position or cash flows are provided to give the reader a better understanding of the potential future performance of the Company in certain areas and are based on assumptions about future events, including economic conditions and proposed courses of action, based on management’s assessment of the relevant information currently available, and to become available in the future. In particular, this press release contains projected operational and financial information for 2022. These projections contain forward-looking statements and are based on a number of material assumptions and factors set out above. Actual results may differ significantly from the projections presented herein. The actual results of Gran Tierra’s operations for any period could vary from the amounts set forth in these projections, and such variations may be material. See above for a discussion of the risks that could cause actual results to vary. The future-oriented financial information and financial outlooks contained in this press release have been approved by management as of the date of this press release. Readers are cautioned that any such financial outlook and future-oriented financial information contained herein should not be used for purposes other than those for which it is disclosed herein. The Company and its management believe that the prospective financial information has been prepared on a reasonable basis, reflecting management’s best estimates and judgments, and represent, to the best of management’s knowledge and opinion, the Company’s expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. Presentation of Oil and Gas Information Barrels of oil equivalent (“BOE”) have been converted on the basis of 6 thousand cubic feet ('Mcf') of natural gas to 1 bbl of oil. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In addition, given that the value ratio based on the current price of oil as compared with natural gas is significantly different from the energy equivalent of six to one, utilizing a BOE conversion ratio of 6 Mcf: 1 bbl would be misleading as an indication of value. This press release contains certain oil and gas metrics, including operating netback and operating netback per bbl, which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies and should not be used to make comparisons. Such metrics are calculated as described in this press release and have been included herein to provide readers with additional measures to evaluate the Company’s performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods. References to a formation where evidence of hydrocarbons has been encountered is not necessarily an indicator that hydrocarbons will be recoverable in commercial quantities or in any estimated volume. Gran Tierra's reported production is a mix of light crude oil and medium and heavy crude oil for which there is no precise breakdown since the Company's oil sales volumes typically represent blends of more than one type of crude oil. Well test results should be considered as preliminary and not necessarily indicative of long-term performance or of ultimate recovery. Well log interpretations indicating oil and gas accumulations are not necessarily indicative of future production or ultimate recovery. If it is indicated that a pressure transient analysis or well-test interpretation has not been carried out, any data disclosed in that respect should be considered preliminary until such analysis has been completed. References to thickness of 'oil pay' or of a formation where evidence of hydrocarbons has been encountered is not necessarily an indicator that hydrocarbons will be recoverable in commercial quantities or in any estimated volume. Non-GAAP Measures This press release includes forward-looking non-GAAP financial measures as further described herein. These non-GAAP measures do not have a standardized meaning under GAAP. Investors are cautioned that these measures should not be construed as an alternative to net income or loss or other measures of financial performance as determined in accordance with GAAP. Gran Tierra’s method of calculating these measures may differ from other companies and, accordingly, it may not be comparable to similar measures used by other companies. These non-GAAP financial measures are presented along with the corresponding GAAP measure so as to not imply that more emphasis should be placed on the non-GAAP measure. Gran Tierra is unable to provide forward-looking net income, net cash provided by operating activities, and oil and gas sales, the GAAP measures most directly comparable to the non-GAAP measures EBITDA, free cash flow and operating netback, respectively, due to the impracticality of quantifying certain components required by GAAP as a result of the inherent volatility in the value of certain financial instruments held by the Company and the inability to quantify the effectiveness of commodity price derivatives used to manage the variability in cash flows associated with the forecasted sale of its oil production and changes in commodity prices. Operating netback as presented is defined as projected 2022 oil and gas sales less projected 2022 operating and transportation expenses. Operating netback per bbl as presented is defined as projected oil and gas sales price less 2022 forecasts of transportation and quality discount, royalties, operating costs and pipeline transportation from the 2022 budget Brent oil price forecast as outlined in the tables above. The most directly comparable GAAP measures are oil and gas sales and oil and gas sales price, respectively. Management believes that operating netback and operating netback per bbl are useful supplemental measures for management and investors to analyze financial performance and provides an indication of the results generated by our principal business activities prior to the consideration of other income and expenses. Gran Tierra is unable to provide a quantitative reconciliation of either forward-looking operating netback or operating netback per bbl to its most directly comparable forward-looking GAAP measure because management cannot reliably predict certain of the necessary components of such forward-looking GAAP measures. EBITDA as presented is defined as projected 2022 net income adjusted for DD&A expenses, interest expense and income tax expense or recovery. The most directly comparable GAAP measure is net income. Management uses this financial measure to analyze performance and income or loss generated by our principal business activities prior to the consideration of how non-cash items affect that income, and believes that this financial measure is also useful supplemental information for investors to analyze performance and our financial results. Gran Tierra is unable to provide a quantitative reconciliation of forward-looking EBITDA to its most directly comparable forward-looking GAAP measure because management cannot reliably predict certain of the necessary components of such forward-looking GAAP measure. Free cash flow as presented is defined as GAAP projected “net cash provided by operating activities” less projected 2022 capital spending. The most directly comparable GAAP measure is net cash provided by operating activities. Management believes that free cash flow is a useful supplemental measure for management and investors to in order to evaluate the financial sustainability of the Company’s business. Gran Tierra is unable to provide a quantitative reconciliation of forward-looking free cash flow to its most directly comparable forward-looking GAAP measure because management cannot reliably predict certain of the necessary components of such forward-looking GAAP measure.
This message was distributed by GlobeNewswire. 2321 Rosecrans Ave. Ste 2200, El Segundo, CA, 90245, USA. +1-800-307-6627. www.globenewswire.com On behalf of Gran Tierra Energy Inc. 520 3rd Ave SW., Suite 900, Calgary, AB T2P 0R3 CA http://www.grantierra.com/
2021.12.09 23:35 ar_david_hhDec/9/2021: Ex-police chief Gasparyan & family charged w/laundering __ Gov't to boost diamond exports __ Drones & labs __ North-South & regional routes __ Ex-captives charged w/violating mil. order __ Illegal building bill __ Solar & Fruit dryer __ Constitutional Court verdict on MP __ CIS bills
This is your 16-minute Wednesday briefing in 4121 words.government will establish a new 'Arm-Almast' CSJC diamond company to boost processing and exports
Official: it's for developing the strategically important diamond business, promoting exports to EAEU and third countries, attracting investments for future expansion, and to find new cooperation avenues with Russia's 'Alrosa' diamond giant.This will allow annual diamond exports to reach $150M. The field will employ 5,000 people with 20-25 large manufacturers. //
Report: if the company with state participation imports the raw materials and distributes them to local firms, it will address several issues, such as maintaining the principle of equality between firms with different capacities.
Russian Alrosa supported the idea of dealing with a state company. The creation of this new company is being done for that purpose. It will act as a consolidating structure:
1) The company signs agreements with Armenian diamond firms. The company helps the firms by organizing inspections of raw materials in Russian Alrosa.
2) After the inspection phase, if a purchase agreement is reached, the firms transfer the payments to the company, which then deals with Russian Alrosa to finalize the purchase process.
If the firms use these services, they will pay a fee to Arm-Almast. The amount will be decided by the company board, consisting of industry members including those from diamond firms. //
https://armenpress.am/arm/news/1070322.htmlhttps://iravaban.net/360933.html
Tags: #diamonds
Sri Lanka wants to do precious stone business with Armenia
Their ambassador (in Moscow) organized a virtual meeting with the Economy Ministry, Armenian importers, and Sri Lankan exporters. 'We have the stones, you have the jewelry industry.'https://armenpress.am/arm/news/1070363.html
new one of a kind dried fruit production facility opens in Armenia
Report: Armenia has a new innovative and portable fruit dryer, equipped with a thermal pump, solar heating, water heating, and other modern tech. It's unique in the international market, too.The mobile station was manufactured by Optimum Energy. It saves 30-60% on energy costs compared to other industry options. It works on electricity, including solar. These savings lower the cost of dried fruits.
The station, which was created with funding from the government and AGBA, was recently purchased by one producer. Favorable loans are being offered to purchase one of these. //
https://armenpress.am/arm/news/1070371.html
anti-corruption: former police chief Vladimir Gasparyan is charged with ֏2B laundering / family members accused of having a field day in defense ministry
Anti-Corruption Committee reports: Gasparyan, being a public official in 2008-2018, abused his powers and committed corruption. He obtained expensive mansions and vehicles that cost far greater than his family's income and attempted to conceal it through various means, including by registering them under friends' names.Gasparyan's wife, serving as an official at Defense Ministry's Military Police in 2010-2011, did not visit her office and did not work, while Gasparyan and his subordinates ensured that she received ֏17M in salaries.
While serving in other MOD military police positions in 2011-2018, Gasparyan's wife performed her duties improperly for no valid reason, by giving herself vacations to foreign countries, without reporting it [I NEED ONE OF THOSE!]. Gasparyan intentionally allowed this to happen, while paying her ֏19M in salaries illegally.
Gasparyan's daughter also served in the military police in 2015-2018. She never went to work but got paid ֏9M. Gasparyan intentionally allowed this to happen.
Moreover, while serving as the president of Dinamo sports organization in 2012-2019, Gasparyan conspired with others to forge property documents. They tried to give 1ha Yerevan land and part of Dinamo property to Rafik Hayrapetyan's 'Noratsvats Pyunik' soccer club. They weren't able to finish the crime, however, because the cadastre committee blocked the process. It would have caused ֏858M in damages.
While holding exclusively state positions between 1982-2018, Vladimir Gasparyan appropriated properties that he stole between 2000-2018. In particular, Gasparyan and his family legally earned ֏353M between 1995-2021, but their properties and expenses exceeded ֏2.478B between 2005-2021.
The investigation has revealed that Gasparyan laundered ֏2.116B worth properties with the help of his associates. He is charged with crimes. The investigation continues. //
https://armenpress.am/arm/news/1070323.html
Tags: #VladimirGasparyan
anti-corruption: former mayor of Vardenis is charged with crimes
Investigators: he stole funds meant for low-income families with the help of accomplices. He also allowed for illegal construction to continue. The accomplices have confessed to stealing ֏232M. //https://armenpress.am/arm/news/1070381.html
Pashinyan participated in the summit for democracy hosted by Joe Biden
Hundreds of world leaders and NGOs will take part in the two-day summit. Pashinyan will give a speech tomorrow.https://armenpress.am/arm/news/1070387.html
Constitutional Court rules that if you're charged with crimes, then become an MP while in jail, you qualify for MP's immunity
The court has sided with the opposition HD alliance, whose MPs are in jail under the suspicion of election fraud and corruption. The MPs were not yet elected as MPs at the time of their legal problems.A defendant's lawyer will ask the lower court to free the client, citing the Constitutional ruling.
https://armenpress.am/arm/news/1070382.html
today in history
Today is UN's International Anti-Corruption Day1883: Western Armenian writer Hagop Oshagan is born.
1918: Armenian and Georgian soldiers clash over disputed territories for the duration of 3 weeks.
1942: Aram Khachaturyan's Gayane ballet is premiered in the theater
1968: Douglas Engelbart displays the computer mouse
1991: Yerevan Karl Marx University is renamed 'National Polytechnic University of Armenia'.
https://armenpress.am/arm/news/1070273.html
Azerbaijan violates ceasefire on Gegharkunik borders
MOD: Azerbaijan violated the ceasefire on the evening of December 8. The fire was suppressed. No injuries. We urge Azerbaijan to refrain from provocative actions.Another ceasefire violation occurred today on Gegharkunik borders. The Armenian side returned fire. Two soldiers sustained light wounds. //
Azerbaijan claimed that one of its soldiers was killed during a shootout on the eastern border yesterday.
https://armenpress.am/arm/news/1070288.htmlhttps://armenpress.am/arm/news/1070362.htmlhttps://armenpress.am/arm/news/1070377.htmlhttps://www.armtimes.com/hy/article/227053
Russian Gen. Muratov: Russian peacekeepers will complete their “duty” of returning Armenian POWs
Muratov, who is the former chief peacekeeper in Artsakh and the deputy commander of the Southern Military District of the Russian army, said that there is a 'positive understanding' in the issue of repatriating POWs. 'The issue must be fully closed.'Pashinyan and Parliament president Simonyan met the Red Cross representative to continue discussions about the need to repatriate POWs.
https://armenpress.am/arm/news/1070308.htmlhttps://armenpress.am/arm/news/1070334.htmlhttps://armenpress.am/arm/news/1070338.html
authorities arrest 5 of the 10 POWs who recently returned home
As you may recall from previous posts, Parliament president Alen Simonyan said during a private conversation that some of the captives had disobeyed orders on November 16 and were captured while fleeing. Pashinyan also made general remarks about criminal investigations to learn details about how some of the soldiers were captured.Investigative Committee today: we have arrested five of the 10 captives who were transferred on December 4. The court is discussing their pre-trial arrest. //
The charges are relating Article 365.3: violating the rules of military service which led to severe consequences.
https://armeniasputnik.am/20211209/hh-veradardzats-gerineric-5-in-kalanavvorelu-mijnvordutjun-e-nerkajacvel-36255738.html
two Azeris died from a landmine explosion in the occupied Shushi region
They were conducting repairs in Qarin Tak, reported the Azeri media.https://armenpress.am/arm/news/1070333.html
Russia: we expect Armenia and Azerbaijan to form the border demarcation commission ASAP
The Sochi agreements have confirmed the readiness of the Armenian and Azerbaijani authorities to take further steps to resolve the situation, said Russian MFA.In other news, spokeswoman Maria Zakharova said the parties should refrain from making statements that can disrupt ongoing negotiations, when she was asked to comment on Aliyev's public statements about 'corridor'.
https://armenpress.am/arm/news/1070365.html
NGOs condemned death threats towards journalist Tatul Hakobyan over his stance on foreign policy
Lately, Hakobyan has been writing articles about the need to normalize relations with Turkey and neighbors in general, citing historic precedence when ARF placed aside 'patriotism' and negotiated with Turkish authorities shortly after the genocide.Hakobyan believes now is not the right time for Armenians to talk about 'Western Armenia'.
He recently made remarks which included 'Հայաստանն այնտեղ է, որտեղ կանգնած է հայ զինվորը' (Armenia is where the Armenian soldier stands). Certain nationalist figures were not pleased. Videos were uploaded [didn't save the link, sorry], calling Hakobyan a traitor.
Hakobyan said he received death threats but hasn't disclosed from whom, but promised he will file a report soon. He requested police protection.
https://armenpress.am/arm/news/1070351.html
Armenian MFA about the 1948 Convention on the Prevention and Punishment of the Crime of Genocide
MFA: the UN General Assembly adopted its first human rights treaty, about genocide prevention and punishment, on this day in 1948. The Armenian Genocide served as an important precedent for the adoption, which was publicly mentioned by the author Raphael Lemkin.One of the specific aspects of this Convention is the imposition of a legal obligation on the states parties to the Convention to not only punish but also prevent genocide.
Despite enormous progress, the international community still needs to make further efforts for adequate and timely response, including for condemnation of gross violations of human rights, as well as for holding accountable the states guilty of genocide.
Today there are different methods and tools to commit genocide. Those who justify genocide have not changed their aspiration to achieve geopolitical goals through mass atrocities.
Full: https://armenpress.am/arm/news/1070319.html
CIS republics will establish a unified military communications system
Signed in May 2020, it is yet to be ratified by member states. Some have already done so.The initiative will help the military to exchange all types of information in the armed forces' control system. It will involve the resources of all signatory states.The government gave a green light to ratify it during today's session.
The transfer and protection of information shall be carried out in accordance with the national laws of the Member State
CIS republics will improve mechanisms to share information about hijacked/wanted vehicles
The government approves the ratification of CIS protocols signed in July 2018, aimed at combatting terrorism and hijackings. The member informs others in the event they find a wanted vehicle.CIS republics will fight counterfeit products
The government approves the ratification of CIS protocols that aims to prevent the smuggling of counterfeit goods through customs.https://armenpress.am/arm/news/1070322.htmlhttps://qazaqtv.com/en/news/politics/12721-cis-countries-to-establish-unified-military-communications-systemhttps://armenpress.am/arm/news/1070322.htmlhttps://armenpress.am/arm/news/1070322.html
job rotations
Nature Minister Romanos Petrosyan has resigned and will lead the State Control Services.https://armenpress.am/arm/news/1070379.html
post-elections: Pashinyan's and General Babayan's parties form a coalition to govern in two settlements
QP did not cross 50% in Vayk (Aragatsotn) and Artik. QP candidates will become mayors with the support of the Azatakan party.In Amasia and Ashotsk, QP received the most votes but was unable to form a coalition with local forces, so they won't appoint the mayor.
QP crossed 50% in 15 settlements and received the most votes in 8 others.
https://factor.am/452157.htmlhttps://factor.am/452129.html
government will ban the use of old microbus and bus in Yerevan transport once all substitutes arrive
Official: microbuses that are older than 10 years are scheduled to be prohibited as of 1 July 2022. They must be replaced.The ban applies to hundreds of old buses, and 750 microbuses from which 140 units will turn 15 next year (HAPPY BIRTHDAY!).
To prevent transport disruptions, the old buses will be allowed to operate until the new network, with new buses and trolleybuses, is ready.
https://armenpress.am/arm/news/1070322.html
Yerevan will work with the police to catch drivers that use summer tires in the winter
https://www.armtimes.com/hy/article/227101MAP: new bypass road will be constructed in Yerevan's Arabkir district
It'll connect Mamikonyants-Aram Khachatryan. The project will cost ֏168M.It's expected to alleviate traffic on Komitas Avenue, which handles the traffic coming from north and northeast.
https://www.armtimes.com/hy/article/227112
government wants to close a loophole to prevent illegal buildings from being legalized in the future
There is a law that has long allowed people to build illegal structures then use a legal loophole to legalize them. The government complains that it has led to the distortion of the urban picture in many cities.Justice Minister: we drafted a bill. Illegal structures built in the future won't be legalized. This won't apply to the existing buildings.
If you have an illegal building in Yerevan, you have until 1 January 2023 to submit a petition to legalize it. The deadline is 2025 for villages.
Owners of illegal structures that were built this year, will have 2 months [after the law is passed] to submit legalization paperwork.
Mayors who refuse to follow inspection bodies' orders to suspend an illegal construction will face harsher penalties.
Another important amendment will be made to the litigation process. Currently, if the owner challenges the inspector's order in court, the inspector's order is automatically suspended. After the reforms, a judge has to review them manually. //
Pashinyan: Cadastre Committee is taking aerial photos of Armenian settlements. We will have information about all buildings in the country as of a certain date.
Cadastre Committee: the imaging and field work is complete. We're processing the data.
Pashinyan: the existence of this bill could incentivize some to build new illegal structures now, while they still 'have time', so to reduce such instances, treat this bill as a priority and submit it to Parliament ASAP for discussions and approval.
https://armenpress.am/arm/news/1070305.htmlhttps://armenpress.am/arm/news/1070322.html
Tags: #IllegalProperty #PropertyLaw
COVID stats
7.7k tested. 0.3k infected. 0.2k healed. 19 deaths.https://armenpress.am/arm/news/1070300.html
dram weakens against dollar
$1 = ֏495, similar to late-2020. Earlier this year it devalued to 530, then 480 throughout the year, and now 495.https://www.armtimes.com/hy/article/227106
new workforce training program launches in Armenia
Education Ministry: it's a 5-year $7.5M program funded by USAID, carried out by Enterprise Incubator Foundation and partners.10,000 young Armenians under 30 will receive practical skills for professions that are in demand, through work-based learning. The goal is to provide technical knowledge and soft skills to transform the Armenian labor market. //
https://armenpress.am/arm/news/1070292.html
new tech lab will open for students in Technical Creativity Center
Government decree: 280 schoolchildren are receiving technical education at the center. A new tech lab will open for them to help train a professional workforce. Part of the N159 school building will be attached to the center for the lab. //https://armenpress.am/arm/news/1070322.html
more drone engineering labs are set to open this month
Today the government approved a program about building engineering labs in 14 schools in Syunik and one drone engineering lab in Kapan.Official: At present, the significant imbalance of supply and demand in the high-tech sector is a serious problem. ArMath engineering labs play an invaluable role in providing tech education and professional orientation to students. We need more ArMath labs. //
ArMath engineering center: we will open more labs for 14-18-year-olds to operate and service UAVs. We have one in Dilijan's Monte Melkonian military academy, where children study to fly and service drones. They don't produce them.
There will be workshops, with each hosting 65 children in 3 groups. This will allow us to train 1,750 students annually. The majority will join the army.
It costs ֏6.5M to prepare one workshop with access to 7 drones. Children will create various components themselves. Next year we will organize the first technology camp for UAVs.
Besides UAV labs, we also have robotics/programming/modeling labs for 10-18-year-olds. They can apply the knowledge in practice.
We started opening these labs in 2012. The state began financing in 2014. Private investments helped open 280 facilities since 2016. In 2019 the government funded the opening of another 284 labs.
Expect to see these labs in 600 schools across Armenia. Several dozen have been built and will be built in Syunik this year. We have 22 in Artsakh. //
https://www.armtimes.com/hy/article/226946https://armenpress.am/arm/news/1070322.htmlhttps://factor.am/451888.html
Junior Eurovision public polls: who should win the 2021 competition?
The audience has (so far) given the most votes to Malena, who represents Armenia with Qami Qami.https://eurovisionworld.com/eurovision/polls
https://armenpress.am/arm/news/1070302.html
Saudi Arabia bans dozens of camels from beauty contest over botox
Saudi authorities have conducted their biggest-ever crackdown on camel beauty contestants that received Botox injections and other artificial touch-ups, [...], with over 40 camels disqualified from the annual pageant.The camels compete for $66 million in prize money.
https://apnews.com/article/oddities-health-travel-lifestyle-camels-b3e4d60991ce053d185cb8ed9cbbca74
solar energy firm SharoSolar receives a tax waiver to invest
The government gave a tax waiver to Sharosalar Ltd to import solar tech and double-sided solar panels for a project in Katnaghbyur (Aragatsotn).Annual production is 10.5 million kWh. They will sell the electricity to the Electric Networks of Armenia. It's a ֏1.8B project, part of which is complete.
solar firm Magnak Solar receives a tax waiver
It's for making investments in Arev-1 and Arev-2 solar farms with European standards, located in Shoghakat (Gegharkunik).10.5 million kWh annual production from each. A ֏3.6B investment project.
clothing manufacturer Alex Fabrika receives a tax waiver
They will invest ֏300M and create 30 new jobs.cosmetics producer Arevi Skincare receives a tax waiver
It's an Armavir-based company founded in 2020. They produce organic cosmetics. 12 new jobs are planned with an average ֏433K salary. The vast majority of products will be exported to the US, Russia, EU.https://armenpress.am/arm/news/1070322.htmlhttps://hetq.am/hy/article/119994
government allocates ֏1B to finance road & lighting projects in Gyumri
Infrastructure Ministry: it's for renovating roads and building energy-efficient street lighting networks. 26km of new asphalt on 37 roads.The total cost of the program is €23.84M (EBRD loan & grant). The construction began in 2019. Most of it is for renovating roads and surrounding infrastructure. A third will be spent on the lighting network.
North-South highway & other vital roads
Infrastructure Ministry: works are being done as part of the North-South highway project on Tranche-2, Tranche-3, and Vanadzor-Georgia road. This vital road network improvement program includes 12 settlements, in 10 of which the works have been completed. 55km out of 67km is done.https://armenpress.am/arm/news/1070314.htmlhttps://armenpress.am/arm/news/1070322.htmlhttps://armenpress.am/arm/news/1070322.html
Abkhazia has offered Georgia to start a border demarcation process
The proposal was made during the 55th round of international discussions held in Geneva. Abkhazia said the demarcation will allow regulating a proper border crossing process in official checkpoints.Abkhazia also complained about activities by Georgia and NATO forces in the sea and air.
https://armenpress.am/arm/news/1070307.html
Thomas De Waal about unblocking regional trade & transport routes:
Parts of the article: The South Caucasus is experiencing a major reset in trade links. The economic picture is promising. At issue is a series of transport routes that have been closed since the 90s, cutting off Armenia and Nakhchivan.If they are unblocked, the most noticeable impact will be a reactivated North-South route that runs from Russia to Armenia and Iran via Azerbaijan. The economic boost to Azerbaijan and Armenia could be appreciable.
Rebuilding relatively small sections of railway in Armenia and Azerbaijan would make much more viable the 7,200-kilometer International North-South Transport Corridor, a projected rail route stretching from Finland-Persian Gulf-India.
A new good-quality rail network with minimal border controls would also boost east-west trade, especially if the Armenia-Turkey border reopens. It would enhance the attractiveness of the Middle Corridor, a route carrying goods between China-Turkey-EU via the South Caucasus.
Since the 1990s, there has been an established east-west route via Georgia. The Middle Corridor currently sees very small traffic flows compared to the Northern Corridor (China-Russia). Many are skeptical the Middle Corridor can compete against the Northern Corridor, because it has obstacles such as Caspian and the Black Sea, and multiple borders must be crossed with some countries having difficult customs regimes.
However, journey times have decreased thanks to “block trains” that operate from origin to destination with all documentation having been arranged in advance. One such 'block train' arrived in Tbilisi in February, having left China 22 days before.
Even a tiny increase in the overall share of trade between China-Turkey-EU would have a beneficial effect on the economies of the South Caucasus.
In February Azerbaijan announced it was starting reconstruction of the 108km railway from the town of Horadiz to Armenia. If and when the entire line is restored, the three countries stand to benefit.
Azerbaijan will connect to Nakhijevan. Russian freight traffic can bypass mountains and Georgia to connect to Armenia and Iran. Officials and private businesses in Armenia also see advantages with the new connection to their EAEU partner.
Russia is a major market for Armenian goods. Currently, the shipping costs are high: trucks must travel via Poti port (time-consuming) or Upper Lars road (handles 80% of Armenia's exports to Russia).
Upper Lars is mountainous, often choked with vehicles and by bad weather. It's risky, especially with perishable exports. Armenian traders are penalized when choosing this route.
Armenia will gain another economic benefit if the Turkey border opens: the 60km Gyumi-Kars railway. This route will be used not just by Armenia and Turkish freight, but also by Azerbaijan, Iranian, Russian, etc.
This one will be expensive to restore. A 2013 document estimates $433M to rebuild/repair the entire Baku-Kars link, although restoring it could cost less than three other expensive railway projects that were mooted before 2020.
(THE OTHER THREE PROJECTS THAT WERE MOOTED BEFORE 2020)
One project that could be shelved is the planned 223-kilometer >$200M railway line between Nakhchivan and Kars. Azerbaijan and Turkey are under budgetary pressure. They might opt for a less costly alternative via Armenia. That project was not part of Turkey's 2021 budget.
A second project, a railway from the Iranian border into Armenia, has never been under serious consideration, as the highland topography of southern Armenia makes it expensive and challenging. [mountains and more mountains]
A third 172km rail project, between Azerbaijan's Astara and Iran's Resht, may fade away due to economic problems. Iran could instead choose to use its existing railway to connect to Armenia via Nakhijevan. This suits Iran’s political agenda of partnering with Armenia, vs AZ-TR. This rail connection via Armenia would potentially be the missing link in the International North-South Transport Corridor, whose rationale was to cut journey times from Finland to Iran.
(GEORGIA)
Georgia can no longer take its status as a regional hub for granted. It will need to work much harder to realize its potential as an international transit route. 'These new projects are on approximately a seven-year timeline. Georgia has two years to do some strategic planning,' said a Georgian analyst. There has been little public debate over this in Georgia. The parties are focused on domestic politics.
EU is offering Georgia 3.9 billion euros in grants/loans for better physical and digital connection via the Black Sea.
The oil/gas route currently passes through AZ-GE-TR, while bypassing AM. This route may now have competition. If and when a new southern route opens up along the Araxes river, Georgia will lose a great deal of revenue.
Georgia transfers 11m tons via rail and 7m tons via road annually. Each million ton brings $5M in tax revenue.
With the exception of some projects like the Baku-Tbilisi-Kars railway, much of the Georgian infrastructure is poor. The East-West highway is only partially complete. The rail network needs major investments.
Georgia also lacks a fully modern port on the Black Sea to handle large volumes. Its ports could lose traffic if Armenia gains access to Turkish ports.
A $2.5B U.S.-supported project was launched in 2016 to build a new deep-water port but it was suspended in 2020 amid political problems and accusations that Georgia's leader Bidzina had a vested interest in another port project in Poti. In 2020 they announced that Poti would increase capacity, though to much lower levels than the original project proposed in 2016.
Upper Lars vehicle road goes through the Caucasus Mountains. It's congested and vulnerable to natural and intentional closures. Some of the problems could be solved with a new $558M bypass road.
It would be much cheaper for Armenian traders if a new route to Russia opens up via Azerbaijan along the Caspian Sea coast. [is that right...]
Georgia should take a fresh look at reopening two north-south routes:
1) Georgia has an inactive agreement with Russia to reopen three corridors. Two of these are sensitive because they travel through disputed Abkhazia and Ossetia. This agreement was opposed by some circles in both countries. The Ossetian route, along the TransKAM highway, is much better than Upper Lars - it uses a tunnel.
2) Georgia could try to reopen the Abkhazia railways, closed since 1992. This would benefit Russia, Armenia, Turkey, and Iran. Before 2020, Azerbaijan tried to block its reopening because it would benefit Armenia. Azerbaijan doesn't want to block it anymore, since Nakhijevan could benefit from this North-South route.
Georgian leader Bidzina Ivanishvili spoke in favor of reopening the Abkhazian railway but political opponents accused him of being pro-Russia.
(CONCLUSION)
The economic benefits of unblocking communication routes could extend to every country if Armenia and Azerbaijan reach a deal.
Full: https://carnegieeurope.eu/2021/11/08/in-south-caucasus-can-new-trade-routes-help-overcome-history-of-conflict-pub-85729
in case you missed Wednesday news
Pashinyan provided details about the proposed trade routes and jurisdiction, 3+3 platform, Karabakh negotiations.https://www.reddit.com/armenia/comments/rc1ho6/news_dec82021_pashinyan_about_unblocking_regional/
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Yesterday's news in English and русский (by Impossible-Ad-).News archive: http://www.armeniapedia.org/wiki/Daily_Anti-Corruption_Reports Donations: soldiers' families, humanitarian aid, US tax-deductible donation.
The accused are innocent unless proven guilty in the court of law, even if they 'appear' guilty.
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2021.12.09 07:45 SafrelGuide to Reading the 10-Q
There are quite a few of you out there who are not accountants and also not financially involved so need an ELI5 explanation of today’s Form 10Q and are wondering why EPS were low this quarter.
I will now attempt an analysis to help you understand.
My qualifications to make this analysis are that I am a licensed CPA in the US. I would prefer not to out myself publicly in this anonymous forum so take this with a grain of fair amount of professional skepticism.
Obviously, we will not be able to compress years of accounting into a ten minute post, so I will gloss over some items. I have access to audit materiality practice aids and have calculated Gamestop’s Materiality to be $14 Million and will try to ignore entries below this threshold. I have also included a brief what-if analysis for a few scenarios to consider if Gamestop is unprofitable because of one-time events, or if its because the business at large is not currently profitable.
Basics: - Skip if familiar with the basic financial statements
The 10-Q is a quarterly filing that GME must make to the SEC. It is unaudited and has not been independently verified as being materially accurate, however for the sake of timely reporting we use it to make decisions on a quarterly basis.
The 10-Q is publicly available on gamestop’s website.
https://news.gamestop.com/node/19571/html
Read the 10-Q along with this post line by line.
The Basic Financial statements are:
The consolidated balance sheets, consisting of all assets and liabilities of all gamestop controlled entities. This lists all assets and liabilities as of October 30, 2021, October 31, 2020, and January 30, 2021.
The consolidated statement of operations, which offers an explanation of the change in assets and liabilities between January 30, 2021 and October 30, 2021. It also offers a comparative view for last year’s Q1 – Q3 results ending October 30, 2020 so that you can determine if they have made any improvements on a cyclical basis. Lastly, it offers a quarterly snapshot for the change in assets and liabilities between August 1, 2021 and October 30, 2021 so you can assess current operations. There is also a comparison of August 1, 2020 and October 30, 2020, so you have a reference point on a cyclical basis.
The consolidated statement of cash flows is used to explain where they are using their cash on hand. It is used to explain purchases and sale of stock certificates, inventory, assets, financing activities, and all manner of cash operations.
Definitions of accounting terms
BALANCE SHEET
The balance sheet is all of our resources available to use (assets) and all of our obligations to deliver something, whether that is cash, services, goods, etc. (liabilities) and equity. Equity is everything that is left over if we were to terminate operations as of the balance sheet date that would go back to shareholders.
TYPES OF ASSETS
There are two types of assets, current and non-current. Current assets are anything that can be used within the next sixty or so days to meet our obligations that are due within the next sixty or so days. Non-current assets are things that all of our long-term things that could be sold or otherwise used to meet obligations, but are illiquid and require time to divest from to be of any current use.
ASSET DETAIL
Cash and Cash Equivalents - This is cash on hand, essentially. Anything available in a bank account that they have ownership of.
Restricted cash – This is cash that is on hold or otherwise committed. A good example is if your bank offers you a loan, but in exchange you need to keep $100 in your account at all times.
Receivables, net – This is the dollar value of cash that is owed to us. For example, we could sell some inventory to someone with credit, knowing that they are good for it when it comes time to settle their debts.
Merchandise inventories – This refers to the assets available to sell, whether digital licenses, physical toys and games, clothing, etc. If its in a store, its inventory. Prepaid expenses and other current assets – This is fairly straight forward, but is basically anything that we have paid in advance. For example, paying a year of rent on the first day of the lease would create a prepaid expense.
Property plant and equipment, net of accumulated depreciation. This is what we have estimated the value of all property to be after having been used up (“depreciated.) Depreciation is a non-cash expense that reduces EPS. More on this later, but the basic concept is that it is an estimate of the value lost for buying an iPhone at $1,000 last year and declining in value through today.
Operating lease right-of-use-assets- This is for accountants to bean count over, but is basically the idea that if you have a signed lease that allows you to be in a space for several years, you need to estimate how much that is worth. I am going to ignore this in analyzing the profitability of a company because it does not provide any indication as to the quality of business.
Deferred income taxes – there is nothing this quarter, but this is supposed to be an estimate of the future tax benefit from this year’s tax losses. Taxation is a whole other topic and I will exclude this from the analysis as it does not help us determine if Gamestop has a good financial basis.
Long-term restricted cash – Same as the above explanation, but for a much longer period than sixty days.
Other non-current assets – This could be many things, or one large thing, or both. At least a few million of this are options contracts designed to hedge the risk of USD to Foreign currencies, and some is company-owned life insurance (Source: Note 4. Of the 10Q financial statements)
LIABILITY DETAIL
Accounts payable – This is how much we owe all someone’s as of the balance sheet date. It includes vendors, software companies, staff, lessors, basically anything.
Accrued liabilities and other current liabilities – Anything else that’s not similar to something you can pay on a credit card. For example, it’s the obligation that GameStop has to provide goods and services for those prepaid giftcards, or the obligation to send a new tie to someone who has already paid for it.
Current portion of operating lease liabilities – This is how much rent they expect to be paying in the next sixty days or so.
Long-term debt – This is a French equivalent of a PPP loan.
Operating lease liabilities – This is the value of all leases that we have multiple years remaining on the lease. I will ignore it because of my description in right to use assets. Other long-term liabilities – This is anything else that is an obligation over a long period of time. It could include foreign currency hedges, for example.
EQUITY:
Common stock – That’s you! But only how much each share would be worth if business were to stop, and after settling all debts.
Additional paid in capital – Each stock is, at its base unit, equivalent to $0.001. This is the extra price that was given to Gamestop for the honor of owning a share, such as the share offering at $220 in July.
Accumulated other comprehensive loss and retained earnings – This is the cumulative profits and losses that have been made since Gamestop was established. Its positive, so Gamestop has been profitable at some point in the past and has made more money than losses, in the big picture.
STATEMENTS OF OPERATIONS
This is what we use to judge how they are doing right now.
Net sales – This is how much revenue that has been recognized this period. (Note, this is not CASH coming in, but instead the total of how much income we have earned for providing goods and services.) It is also after all discounts.
Cost of sales – This is all direct costs that are attributable to providing services and goods. For example, store leases, store employee wages, the cost of inventory that we have sold this period, electricity, water, 401k contributions for store employees, the cost of the warehouse, shipping and transportation costs, anything really.
Gross Profit – This is how much we make from selling inventory and offering services, before paying the back office that is not directly related to the selling of goods and services. Selling, general and administrative expenses- Everything not connected with selling products directly. For example, marketing is included here, HR, corporate headquarters office lease, advertising, promotion, donations to local kiddos, hosting conventions, paying the CEO and accountants, audit fees and lawyers.
Gain on sale of assets – This refers to the selling of assets that are not our core business, such as the company jet or real estate.
STATEMENT OF CASH FLOWS
This statement is used to help us determine where they are spending money and should be used to evaluate if the business is growing, returning money to its shareholders, or earning/losing money from operations. The method used to report on this 10-Q is the indirect method, wherein we start from the change in balance sheet and adjust for the non-cash activities.
There are three cash-flow statement classifications of activities:
Operating activities, Investing activities, and financing activities.
Operating activities are our everyday operations, such as money coming in from sales, money going out for the purchase of inventories, and payment of salaries.
Investing activities are payments we make to buy the tools and “stuff” needed to do our operations. For example, buying a building so that we can work in it is investing and is an outflow. Selling our building indicates a shift in priorities and could indicate that we are stopping a business operation and is an inflow.
Financing activities are, broadly, where does the cash come go when equity transactions happen. Dividends paid out, for example, are not revenues or expenses but reduce cash. The outflow of dividends shows up here. The inflows from the at the money offering are also listed here.
CASH FLOWS THAT AFFECT INCOME STATEMENT EARNINGS PER SHARE (EPS)
Net Loss – This is the GAAP income that we start with as our base change in total assets. Depreciation and amortization – This is the “using up” of something that we have paid for. For example, I buy a building for $1M and expect to use it for 100 years. Every year I expense $10,000 and “depreciate” it by reducing the value by $10,000. Amortization is applying the same concept to intangible assets. If this is confusing, replace a building with a software license and apply the concept. This type of expense reduces earnings per share, but we can add it back to the net loss to think about how the business would continue to operate if we did not consider property to be used up.
Loss (gain) on retirement of debt – This is the extra amount of money that we needed to pay to retire the senior loans ahead of schedule. It is unrelated to continuing operations, so should be added back.
Asset Impairments- this is small, but is basically a non-cash estimate that property has declined in value, such as a building worth $1M suddenly becoming worth only $100K. It should be added back, because we may still be profitable if we did not revise our estimate. Stock-based compensation expense – This is the cost to the company to provide stock incentives to employees. Fundamentally this does not diminish the company from performing its operations, so is added back.
Deferred income taxes – Basically this is the change in our obligation to pay taxes. Normally relevant, however Gamestop has not been profitable so we shall disregard for now. Loss (gain) on disposal of property and equipment, net – This is how much we earned from the sale of our non-operating assets, such as the company jet. A loss or gain would need to be added back since its unrelated to our core business.
ITEMS THAT AFFECT OUR CASH BUT DO NOT AFFECT EARNINGS
CHANGES IN OPERATING ASSETS AND LIABILITIES – Not every asset on the balance sheet is related to income or expense. Assets can change form and not lose any value. For example, buying inventory “uses” $100 in cash, but in exchange you receive $100 in “stuff” that you can hopefully sell for more than $100, but until you sell it is estimated to be valued at what you paid for it.
Receivables, net – Positive numbers here are added back to net income because we are showing that we are more efficient in collecting funds that are owed to us. Negative numbers mean that we are extending credit to more people.
Merchandise inventories – Negative means we are purchasing inventory to be sold in the future, positive means that we have reduced our inventory. Note that I do not say “sold” because there are other ways to lose inventory, such as from theft of damage.
Prepaid expenses – Negative means that we are prepaying more expenses ahead of time, positive means that we are “using up” the store of money that we have previously paid for.
Prepaid income taxes and income taxes payable – This is the change in how much we owe (or are owed) from the tax man. Its not really relevant for analyzing if the business is profitable or not, but generally if you are paying taxes then you are making money, if you are getting a tax benefit you are losing money.
Operating lease right of use assets and lease liabilities – This is the change in the estimated value of the right to lease a space for an extended period of time, and the change in the estimated obligation to fulfill a multi-year lease. You can somewhat ignore this part, but take it for what it means. Negative means we used cash to get the leases going and its generally a sign that they are using their money on actually doing business.
CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures – this is how much money went out to make facilities available to use, or for the purchase of equipment such as servers and cash registers.
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock – This is how much money Gamestop received from the sale of those stock certificates in August. It is NOT income because we have a stake in the company, in return for our purchase of shares.
Repayments of revolver borrowings – This is where we repay debt as it comes due. It does NOT affect earnings because the cost of borrowings has already been reflected in the statement of operations as an interest expense and this is the repayment of principle. Payment of senior notes – This is the cash outlay needed to repay the senior notes. It does NOT affect earnings.
Settlement of stock-based awards – Whatever miscellaneous costs that were incurred to satisfy the stock contracts that were previously provided to employees, CEO’s, etc. It does NOT affect earnings because the related expense has already been reflected in earnings in prior periods. Exchange rate in cash – Some of our cash are held in Euros or other currencies. If we convert it to cash, it could be worth less than what it used to be. The cumulative changes in cash because of this factor are listed here. The exchange rate is built into Net income already, so we reduce our net loss because this is a cost that must be considered.
Change in cash – All of these activities should have hopefully explained the change in cash from $508.5M on January 30, 2021 to $1,413 as of October 30, 2021.
BRIEF ANALYSIS: Some people have expressed concern over the EPS loss this quarter. I have briefly analyzed this in a previous comment thread but will now expand. Pardon my repost for those who have already read it in a comment thread. I will analyze Q3 2021 to Q3 2020.
https://news.gamestop.com/static-files/d8478a24-97e8-414e-bfd6-f1f73522ceda
Page 4, the consolidated statement of operations.
Net Sales went up 300 from 1,004 to 1,297 (30%)
Cost of Sales went up from 728 to 978 (34%)
Gross profit went up from 276 to 318 15%
Selling, General, and Admin expenses went up from 360 to 421 (50M) relative to last year, or 17%.
So, we can see that they now have higher revenue, higher sales, and more direct costs for selling, the cost of sales. Sales and Cost of sales went up at approximately the same rate as revenue, but incremental costs seem to have decreased the efficiency of how much money they get back for every dollar spent on things like inventory, wages of employees, and the cost of leasing retail space and warehousing space. Decrease in efficiency doesn't mean all bad though, since now we have 15% more gross profit than before, which is good.
Selling general and admin expenses went up 17% - Why? What is going on in the back office that requires 17% more expenses? Is it overhead labor costs such as accountants in the back office, marketing gurus, advertising campaigns, or perhaps their leased corporate office space? CEO/CFO compensation? This is much harder to determine from the 10Q and would require direct vision of the accounting records to determine for certain. Theoretically, GME's fixed costs should have been priced into their business model so we should only be adding on incremental expenses in this area if there have been no changes to the administrative array, but increased marketing and advertising expenses would make sense given that we are now extending into the holiday quarters.
However, as you know, they have been exploring blockchain opportunities, attracting talent, and similar non-capitalized growth opportunities, and such expenses would not be visible directly on the balance sheet as these do not produce assets that are visible to us until they reach a certain “feasibility” threshold.
Regardless, the quickest explanation is that $50M more in selling expenses / 76M Shares = $0.65 losses per share.
Actual Loss performance of EPS, $1.40 - 0.65 = $0.75 losses / share, which is 50% worse than the consensus estimates of losses at 0.50 / share.
On page 6 of the 10Q, the statement of cash flows, will show us where they are spending their cash and back out the non-cash expenses that could explain why EPS is lower.
This year had depreciation of 53 compared to 61, which is an improvement and doesn't explain the decrease in EPS. Loss on retirement of Debt - $18M (or $0.23 cents / share) is a one-time expense for this quarter and does not reflect operational ability of GameStop, which tells us that this quarters EPS loss is inflated by 23 cents/share.
Stock based compensation - 20M this year compared to 6M last year. 14 M/Share is another 18 cents/share in loss, which is probably from attracting new talent. If you consider this irrelevant to operations, it would not be unheard of to add It back as the business could just have a stock compensation problem rather than an operational problem.
We can see that they incurred more overheard expenses (marketing, officer compensation, or similar), retired some debt at a cost of 23 cents/share, and paid out some stock compensation that had an associated cost. ~50 cents/share is due to potentially one-time event costs, where the other costs could have been due to exploratory operations into crypto is anyones guess.
CONSOLIDATED RESULTS OF OPERATIONS, page 16
This is where Gamestop present’s their % analysis, which we should use to evaluate efficiency. We are looking for increasing efficiency in operations and higher margins, which are indicated by a decrease in expenses as a percentage of net sales.
As we can see, cost of sales increased by 3% to 75.4%, which means that the inventory we sold this Quarter was more expensive than in the past.
Gross profit, as a percentage of sales, has decreased by 3% to 24.60%. This means we are not as efficient with our profit as before, but this is sometimes okay – if we generate more gross profit in absolute terms (that is, are we making $10 more, or $1 more for the cost of $1), then we are in a better position.
Selling, general, and admin expenses have decreased 3% or so, to 32.5%. This is also a good sign, because it means that we are using our overhead and support teams more effectively to generate more revenue than last year.
NET SALES BY SIGNIFICANT PRODUCT CATEGORY, page 16 – Analysis of the 9 months ended This is an important section to look at as it highlights the risks Gamestop’s significant categories may face. Hardware and accessories increased by approximately $600M to $1,983 from last year, which could be explained equally by increased consumer interest in Gamestop as a shopping destination and/or the current console cycle. Long-term growth of the company is dependent on which this is.
Software decreased slightly dollar wise but remained approximately the same overall. This implies that, despite console success, consumers have not taken to Gamestop as the location to purchase software yet. I consider this to be a key area that I am looking for Gamestop to capitalize on. Anecdotally, some friends of mine hate receiving keys elsewhere and placing them into steam, so I believe there is a large PC gaming market that has not been captured. From knowledge external to this analysis, software is a high margin item so this should be a significant growth area for Gamestop in the future.
Collectibles increased by approximately $200M from last year, which could be indicative of increased consumer interest in purchasing nerd-related items from Gamestop. I believe this is mostly caused by direct ape interest, but as to if a business model can be made around that specifically I do not know.
CONCLUSION FOR THE ANALYSES
Efficiency is up, activities are up. To achieve profitability, we need to either become more efficient in our admin expenses by reducing overhead and unprofitable areas or expand business and e-commerce activities. It appears that Gamestop is positioned to continue to scale up their activities and has the infrastructure needed to expand at a profitable rate but achieving scale will be the most significant factor.
This quarter’s unprofitability was inflated due to non-recurring costs by about $0.75EPS, however Gamestop has almost achieved break-even and should achieve it at approximately 30% more gross sales. I believe this was the key factor that was touched on at the meeting, as net sales growth is on track to make that within a year or so.
2021.12.08 08:00 njerschowFinding NFTs before they Explode, 10 repeatable NFT trading strategies and when to use them
One of the most important realizations to make about the NFT market as a trader is to understand that there is a critical difference between trading NFTs versus trading crypto (or stocks).The difference with NFTs is that the people you are competing with in this market are sill, just people. Sure you might be competing with whales, people with trading bots, and insiders, but you aren't yet competing with banks, hedge funds, algorithms, etc (I call this 'big money'). It might not seem that crazy, but think about it this way. All of these entities exist for a reason, to make money. Actually, I'd argue that these entities sole purpose is to make rich people richer.
But, as we all know - there is tons of money to be made in NFTs, so why aren't they apeing in? There are a few reasons
* it's still relatively new and unknown
* they are an absolute nightmare from a legal and tax perspective
* Ethereum gas fees
But the absolute primary reason (I think) is that every single transaction needs to happen through a wallet, and automation is inaccessible short of hiring some (ultra expensive) web3 developers (basically, the dev scene is in its infancy).
A few friends have been telling me to get out of NFTs, and that they will crash soon due to the supply issue. But in my opinion this is the absolute worst time to get out because once the 'big money' comes (and they will come) there won't be much left for the rest of us.
The key to success in trading NFTs is to have a robust trading strategy. This is something the average NFT trader does not have, which is why many of them end up in the red. They either trade quickly, wiping out any gains they might make with the gas fees, or HODL, never selling and in most cases riding a dead collection to 0. I find that these are two ends to a spectrum, and the sweet spot is usually the middle.
I personally have fallen into both of these traps, but over time I've discovered a few strategies that work regardless of which direction the market is moving.
What's cool about NFTs is that they are all hype (not all hype, there's utility, gaming use-cases, staking/passive income, etc. but hype and attention is what governs price 90% of the time). This means that a 'crash' in the NFT space is less like a crash in broader crypto - where everything falls together, but more like the sneaker space, where a few brands might suffer, but overall the market remains healthy. So knowing what collections people are interested in (and knowing it early) is a massive competitive advantage.
(speaking of which - sneakerheads did/are doing very well in the space)
There is no shortage of cool projects, with celebrity backing, innovating, amazing art in the space. So how do you keep track of them all? and how do you decide where to put your money? Here's what I think:
For extra alpha, see my write-up over athttps://chilly.tools/blog/10-trading-strats-nfts, where I add some charts to visualize the strategies and explain how to use thechilly.toolsbot to automate finding tokens with each strategy
There are only so many strategies that can realistically work at any given time. And their effectiveness is inversely proportional to how many people:
- Know about them
- Use them
- the floor is going up
- the floor is going down
- the floor is going sideways
- Event-based strats
It goes without saying that you'll make the most money when the market is moving, especially with proper tooling, but there are also tons of strats that help you make the most of a sideways market. Below I'll divide the strats into different sections, and order each strat from most competitive to least competitive.
But first: four things
One: Almost all of these strategies deal with NFT rarity, if you're here I'm assuming you know what that is, but if not, [here is a good explainer](https://raritytools.medium.com/ranking-rarity-understanding-rarity-calculation-methods-86ceaeb9b98c).
Two: How can I tell if my collection's floor is going up or down?
Good question, Opensea offers average price under the activity tab, but this is 1. daily, and 2. not the floor. You can check floor movement here
Three: In the various market conditions below, you will see duplicate trading strategy names. Make sure to read through them though, because they mean & function slightly differently in different contexts.
Four: This is not financial advice, always be careful and DYOR. The smartest bets are the ones that look good that you also believe in.
Strats for when market/collection floor is moving up
This is likely when you can make the most money, if you are careful.
- (most competitive) Floor hunter - when the floor is rising, you'll often find yourself getting out-gassed for any floor-priced NFTs, unless you have a bot and are ok with spending extra gas, I'd recommend shooting for NFTs 10-20% above floor price, because if floor transactions fail, you're still paying gas fees (yes failed txns still cost gas)
- Straggler sniper - for many collections, especially if the collection has just experienced a sharp drop, people will have listed their NFTs at a certain price which might've been fair relative to rarity at the time of listing, however, as floor goes up, many people end up being slow to update their listing. If you can score a 1 ETH rank 500 on a collection with 0.7 floor, thats a huge win. Here's a graph of rarity vs. price to illustrate what I mean:
- (least competitive) Arbitrage (avg vs floor) - Arbitrage (or more aptly described as price discrepancy) is very common in the NFT market. There are not enough big players in the market yet to jump on these opportunities before us. There are many different flavors of arbitrage that I've seen work for NFTs, and I'll probably write another post explaining all of those if this post ends up doing well. Avg vs Floor is a discrepancy which is hilariously unutilized. Basically, its common for the floor price of a collection to move, but the average stays roughly the same. Lets explore both possibilities:
- Floor moves up, avg stays same: the more common of the two scenarios. When this happens, any listed NFT that was fair price before the floor movement is now cheaper. In this case, grab up any NFT listed before floor movement that was listed at a fair price among similarly ranked NFTs in terms of rarity, quickly re-list at the new fair market value which you can get by doing (new_floor_price/old_floor_price) * previously_fair_listed_price. Easy flip.
- Floor moves down, avg stays same: You need to be careful with this one, the collection may keep falling, personally I wait a few hours before entering into anything with this. In this case, the current floor NFTs are cheap compared to the average, and it would now be a good time to enter at floor, or exit at average, depending on the market condition for the collection.
Strats for when market/collection floor is dropping
Currently, there are no derivatives that let you take advantage of a falling collection (think shorts, put options, etc.) - however, there are still ways to make money on the way down.
1.(most competitive) Floor hunter - It's common for people to panic and list way below floor to get out as soon as possible rather than risking selling for even less. You can take advantage of these by grabbing them up before anyone else gets the chance. Actually chilly.tools has a feature which scans for these every 5 seconds and just pops up the metamask right away.
- Careful - this is like catching a falling knife, I'd highly recommend knowing why a collection is tanking before using this (exmple: Jungle freaks)
- Rarity floor sniper - this one is less accessible to most people because looking up rarity obviously takes time, and the faster you are able to know the rarity of a specific NFT the more of an advantage you have. This strategy assumes that there is a direct correlation between rarity and the price of an NFT.
- Such a correlation would suggest that only looking at the floor and sniping near it means you are missing 90% of snipes. What we can do instead is estimate the fair market price by looking at NFTs with similar rarity that sold recently, and compensate for any floor change that occurred. By taking the difference between our estimated fair market price and the listing price, we can find out whether this listing is cheaper than what the market things it should be.
- In practice, there ends up being a really strong correlation between rarity and pricing, meaning this is one of the best ways to get ahead of the crowd.
- paperhands hunter - nervous people reducing price
- You'll often see people listing their NFT lower and lower, as they get more and more nervous that their NFT won't sell. These are often good tokens to put on your watchlist, and maybe make some lowball offers on. It's highly likely that (as long as the NFT doesn't sell to someone else) you'll be able to get a really good deal.
Strategies for when market/collection floor is flat
- (most competitive) Liquidation hunter (hunt NFTs when someone needs to urgently liquidate)
- Sometimes Holders hear about an opportunity so lucrative and time-sensitive that they need to liquidate their holdings right away, so they'll list their NFT way below floor. This is an amazing chance to scoop up an extremely cheap NFT before anyone else can. Careful - many people watch a collection when the trend is flat, meaning you're likely going to have 2 or 3 people simultaneously trying to scoop this one up. I'd set the gas higher when checking out.
- paperhands hunter - Its common for people to be getting nervous when a collection stays flat for several days, look out for anyone constantly reducing price - it's an easy flip for when volume returns.
Below is a list of strategies that work when certain events happen in a collection's life-cycle
- mint - this one is somewhat obvious, but when a collection first goes on sale, or 'mints', there are a few strategies which are very lucrative
- whitelist - This one is a lot of work, but it is the most surefire way to secure a few cheap tokens out of a collection. Basically, it just involves being a good community member for the NFT collection. So that means: inviting people, being active, saying gm alot, or contributing. I personally don't do this unless I really believe in the team over anything. It's a lot of effort, and other strategies have been more lucrative in my experience.
- mint bot/gas bot - an alternative to whitelisting is to be one of the few who can score an NFT during mint without being on the whitelist. As you can probably imagine, this is incredibly hard to do, and you have to get quite lucky. Many popular collections have 1000 tokens (if not less) available for >200k people. You can increase the odds of securing a token by using a gas bot which will automatically increase gas until the trade goes through. Again, not something I personally do, but has shown great results for others.
- rarity reveal - once a collection mints, its very common for the actual art (and therefore rarity) to be hidden. Meaning that at this point, every token appears the same as any other. However, a collection will then designate a 'reveal date' when all art will be revealed at the same time. Typically the collection floor will then pretty quickly diverge: the rarer tokens will be listed for much higher, while the most common tokens will often get listed for half, if not less, of the previous floor price. The two strategies I personally look to take advantage of are:
- (most competitive) mispriced tokens - many tokens will stay listed through the reveal, meaning that there is a chance a super-rare token is listed for near-floor price. This is however almost impossible to take advantage of without a bot, as this can be a pretty easy 1ETH+ flip. Chilly.tools has a bot for this which will pop up the metamask so you can buy as soon as possible. I'd recommend increasing gas for this as well.
- Cheap tokens - its typical for the collection floor to slump shortly after the reveal. If you're bullish about the collection, this is a good time to swipe up a few cheap tokens if you weren't able to during mint. In my experience, the collection floor will reach an absolute minimum anywhere from an hour after reveal, to 2 days after.
Remember even with these strategies, this is an arms race. You wont win on every trade, but the goal is to come out expected value positive, ideally while minimizing the analysis you need to do.
As of writing this, floors are rising across the board - it's a good time to enter if you were on the fence.
That's all I have for this post, if this ends up doing well, I'll write another about arbitrage and keep sharing my knowledge.
Good luck and WAGMI
- Nikita
Disclaimer: I am the founder ofchilly.tools which brings rarity scores for NFTs directly into OpenSea.
submitted bynjerschowtoNFT [link][comments]
2021.12.04 18:24 bigbear0083Wall Street Week Ahead for the trading week beginning December 6th, 2021
Good Saturday morning to all of you here on smallstreetbets. I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead.Here is everything you need to know to get you ready for the trading week beginning December 6th, 2021.
Volatility could continue to plague markets after a week of violent swings that sent many stocks plummeting.In the week ahead, investors await more news on the omicron Covid variant and another inflation report Friday that is expected to show consumer prices remain the hottest in three decades. In the past week, stocks sold off on worries about the omicron variant and concerns the Federal Reserve will move away from its easy policies and raise interest rates sooner than anticipated. Fed Chairman Jerome Powell told a Congressional panel Tuesday that the central bank will consider speeding up the taper of its $120 billion monthly bond-buying program when it meets Dec. 14 and 15. The Federal Reserve put its bond-purchasing program in place in early 2020 to prop up the economy during the pandemic. “It’s going to be a somewhat turbulent December because we probably need to wait for earnings season to get regrounded, back to fundamentals,” said Jack Ablin, chief investment officer at Cresset. “For as high as a lot of the ratios would suggest, price-to-sales, price-to-earnings, when you throw it into the hopper with interest rates and everything else, things aren’t that bad. I don’t think we’re teetering on the edge of a cliff.” But Ablin did say the comments from Powell were unnerving investors, who fear the Fed will also speed up interest rate hikes. Powell acknowledged he was wrong about inflation being “transitory,” or temporary, spooking investors. The bond purchases are now scheduled to end in June. “I’m not sure what investors’ read on inflation is. Do they think the Fed is going to raise rates, get ahead of it too early and everything is going to roll over? Ever since Powell took ‘transitory’ out of his talk, investors have been somewhat off balance,” said Ablin. The consumer price index or CPI for November is expected Friday morning. Economists polled by Dow Jones predict it rose 0.6% on a monthly basis, or 6.7% year over year. That compares to a 0.9% gain in October, and a 6.2% jump year over year, the biggest move in three decades. High fliers and growth were among the hardest hit Friday, as investors bailed out of some of the riskiest stocks. As stocks plunged Friday, Treasury yields fell. Yields move opposite price, and the move was seen as a flight to safety. The 10-year note yield fell to 1.35%. The ARK Innovation ETF was down nearly 12.7% for the week. Most of the growth names in the fund plunged into bear market territory. “I think investors have to keep in mind that’s not a 15-week strategy. It’s a 15-year strategy, as far as we’re concerned,” Ablin said. For the week, the small cap Russell 2000 was down nearly 4%, while the S&P 500 was off just 1.2%. The worst performing major sector for the week was communications services, which includes internet companies. It was down 2.8%, followed by consumer discretionary, off 2.4%. Financials lost nearly 2%, and the S&P technology sector was down 0.4% for the week. But on Friday, tech lost 1.7%. The Federal Reserve should be quiet in the week ahead. Fed officials traditionally do not make major speeches in the blackout period, which is the coming week, ahead of their Dec. 14 and 15 meeting. One exception is Minneapolis Fed President Neel Kashkari who speaks Thursday at the Center for Indian Country Development Research Summit. Much of the focus will be on how the market itself is performing. “Ever since the Nov. 22 outside bearish day, all strength has been sold with lots of damage underneath the hood,” said Scott Redler of T3Live.com. “Now finally some of the leadership names are showing faulty action.” He noted that both Microsoft and Apple were weaker. “Money is not hiding in Amazon, Google, or Facebook. They haven’t been special for weeks,” he said. The S&P closed below its 50-day moving average Friday, after closing below it Wednesday. The 50-day is at 4,544. That’s a signal to some market technicians that the index is on the verge of breaking down. The 50-day moving average is the average closing price over the past 50 days, and is viewed as a momentum indicator. “Basically, it’s effectively a retest of support because we had the relief rally [Thursday],” said Katie Stockton, founder of Fairlead Strategies. She said the S&P 500 needs to close below the 50-day for two consecutive days before the move is considered a breakdown. “The action in the high growth, high multiple names is not a good sign,” said Stockton. “We do have some signs of downside exhaustion but not as widespread as I would hope. We’re seeing some of the heavyweights, like Adobe for example, taking out levels like the 50-day moving averages.” She said some of those big names have now joined the selling. “We’re just watching how bad it gets. Monday is going to be the tell,” said Stockton. “That also gives it the weekend to settle... Extremes have gotten a little bit more extreme. Sentiment is the most oversold from a contrarian perspective since the October low.”
(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)
(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)
(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)
(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)
(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)
(CLICK HERE FOR THE CHART!)
(CLICK HERE FOR THE CHART!)
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(CLICK HERE FOR THE CHART LINK #1!)
(CLICK HERE FOR THE CHART LINK #2!)
(CLICK HERE FOR THE CHART LINK #3!)
(CLICK HERE FOR THE CHART LINK #4!)
At the close on Wednesday (12/1), the small-cap Russell 2,000 had fallen 12.1% from its recent high on November 8th, leaving the index in 'correction' territory. A market 'correction' is a drop of 10%+ that was preceded by a rally of at least 10% on a closing basis. This correction for the Russell 2,000 is its 58th since data for the index begins in 1978. Below is a table showing prior corrections for the Russell. The average correction sees the index fall 18.35%, which is just shy of the 20% threshold for a 'bear market.' The median correction is a little smaller at -15.4%. In terms of length, the average Russell correction has lasted 73 days, while the median is 62 days. For the current Russell 2,000 correction to reach average levels, it would need to fall another 7% from here, and it would come to an end on January 20th, 2022.
In terms of extremes, the biggest correction that the Russell 2,000 has ever experienced was the 41.9% decline seen during the initial COVID Crash from 1/16/20 to 3/18/20. The longest correction lasted 397 days from 6/24/83 to 7/25/84. In terms of the shortest correction, there were two that lasted 3 days. One of those came during the Financial Crisis while the other happened last June.(CLICK HERE FOR THE CHART!)
December typically starts out weak as tax-loss selling ramps up and with the big gains this year we would expect that early December weakness to materialize. Then as you can see in the typical December chart here stocks begin to takeoff around mid-month led by small caps and the Russell 2000.
This is what used to be known as the “January Effect:” small caps outperforming large caps in the month of January. Nowadays most of the so-called January Effect takes place in the last half of December (2021 Almanac pages 110 & 112, 2022 pages 112 & 114). The January Effect is not to be confused with the January Barometer (2021 Almanac page 16, 2022 page 18), which states as the S&P 500 goes in January, so goes the year.(CLICK HERE FOR THE CHART!)
Trading in December is holiday inspired and fueled by a buying bias throughout the month. However, the first part of the month tends to be weaker as tax-loss selling and yearend portfolio restructuring begins. Regardless, December is laden with market seasonality and important events.
December is the number three S&P 500 and Dow Jones Industrials month since 1950, averaging gains of 1.5% on each index. It’s the second-best Russell 2000 (1979) month and third best for NASDAQ (1971) and Russell 1000 (1979). In 2018, DJIA suffered its worst December performance since 1931 and its fourth worst December going all the way back to 1901. However, the market rarely falls precipitously in December and a repeat of 2018 is not all that likely. When December is down it is usually a turning point in the market—near a top or bottom. If the market has experienced fantastic gains leading up to December, stocks can pullback in the first half of the month.
In the last seventeen post-election years, December’s ranking slip to #7 S&P 500, #7 NASDAQ and DJIA #5. Small caps, measured by the Russell 2000, tend to have a field day in post-election-year Decembers. Since 1981, the Russell 2000 has lost ground three time in ten post-election years in December. The average small cap gain in all ten years is a solid 2.2%.(CLICK HERE FOR THE CHART!)
Small caps tend to start to outperform larger caps near the middle of the month (early January Effect) and The “Santa Claus Rally” begins on the open on December 27 and lasts until the second trading day of 2022. Average S&P 500 gains over this seven trading-day range since 1969 are a respectable 1.3%.
Years when the Santa Claus Rally (SCR) has failed to materialize are often flat or down. The last six times SCR (the last five trading days of the year and the first two trading days of the New Year) has not occurred were followed by three flat years (1994, 2004 and 2015) and two nasty bear markets (2000 and 2008) and a mild bear that ended in February 2016. As Yale Hirsch’s now famous line states, “If Santa Claus should fail to call, bears may come to Broad and Wall.”
Here comes December, historically a pretty solid month for stocks, but now we have the Omicron variant wreaking havoc on markets. “What a difference a week makes. A week ago stocks were at all-time highs and the economy was strong. Now all we have are uncertainties and questions,” explained LPL Financial Chief Market Strategist Ryan Detrick. “As of now we’re optimistic that stocks will sidestep the new variant worries, but we recommend investors buckle up their seatbelts, as the end of 2021 could be a bumpy one.”
Here are six things to think about as we head into the jolliest month of them all.
First, historically, the S&P 500 Index has gained 1.5% on average in December, which is the third best month of the year with only April and November better. But as you can see here, over the past 10 years, December has been much weaker. Of course, much of this was due to a huge 9.2% drop in 2018 (which we’ll get to soon enough).(CLICK HERE FOR THE CHART!)
Second, some more good news is December has been up 74.3% of the time, more than any other month of the year.(CLICK HERE FOR THE CHART!)
drop in 2018. Only once in history was December the worst month of the year for the S&P 500 and it was indeed in 2018. Three times it was the second worst month of the year, in 1968, 1980, and 1996. The worst monthly return so far this year was a 4.8% drop in September.
Fourth, stocks usually don’t get moving until the second half of the month, right as the holiday good feel vibes start to come out.(CLICK HERE FOR THE CHART!)
Fifth, this year is in rare air, as all 11 months have made a new all-time high so far. Should the S&P 500 make new highs in December that would be a perfect 12 for 12, matching 2014 as the only years to complete this incredible feat.(CLICK HERE FOR THE CHART!)
Sixth, as we show in the LPL Chart of the Day, it turns out that when stocks are up more than 20% for the year heading into December (like 2021), the final month actually does better, up 1.7% versus 1.5%. Also, it has been higher eight of the past nine times the year was up more than 20% heading into the final month.(CLICK HERE FOR THE CHART!)
The domestic economy added just 210,000 jobs during November, well below Bloomberg-surveyed economists’ consensus forecast for a gain of 550,000 and below October’s revised tally of 546,000. The net revision to prior months was positive but only by 82,000.
The modest 23,000 gain in leisure and hospitality jobs, which were up 170,000 in October, and a 20,000 drop in retail jobs don’t make much sense given solid retail sales data of late. That could set up a positive reversal from revisions next month, though that potential bump will play some tug-of-war with the emergence of the Omicron COVID-19 variant, which came after the November survey period ended.
As shown in the LPL Chart of the Day, for the past four months the pace of job gains has been well below the pre-Delta variant levels of near 1 million back in June and July. However, there are a number of reasons to be optimistic that job growth picks up in early 2022, assuming the Omicron variant doesn’t get in the way.
“The job growth number is disappointing, no doubt, especially considering the survey period fell before we even know the name of the newest Covid-19 variant,” noted LPL Financial Equity Strategist Jeffrey Buchbinder. “While Omicron may curb hiring a bit over the next month or two, we remain confident in our expectation for strong job gains and above-average growth in the U.S. economy in 2022.”(CLICK HERE FOR THE CHART!)
The story was clearly better when looking at the unemployment rate, derived from the household survey rather than from employers. The unemployment rate unexpectedly fell from 4.6% to 4.2% in November as workers—in an encouraging sign—came off the sidelines (1.14 million of them), lifting the participation rate by 0.2% to 61.8%, a post-recession high but still well off pre-pandemic levels.
Inflation data also painted a somewhat reassuring picture. The year-over-year increase in average hourly earnings rose less than expected at 4.8% (+0.3% month over month), below consensus expectations of 5.0% and 0.4%, and not enough to keep up with the Consumer Price Index (CPI) over the same period. It’s reasonable to conclude that the increase in labor participation helped limit wage increases, but we have a long way to go there still. The labor market is still 3.9 million jobs below pre-pandemic levels and the labor market remains under-supplied, as noted above. In other words, further improvement in participation will still be needed to help contain inflation pressure.
Some will argue that this report will make the Federal Reserve (Fed) think twice before accelerating tapering of its bond purchases, but we’re not so sure.
“There were a number of positives with this jobs report,” explained LPL Financial Fixed Income Strategist Lawrence Gillum. “Labor force participation increased and the unemployment rate fell—both of which point to a continued strong jobs market. That may give the Fed reasons to speed up its tapering plans.”
Overall, this report is a disappointing reminder that we’re going to have to wait longer for the booming jobs numbers that we still expect to see. We continue to expect more people to get back to work in the months ahead, in an environment of strong labor demand, which can help alleviate wage pressure and firm up the economic growth outlook. Omicron is a risk but based on the information we have today, we do not expect that variant, or any others, to meaningfully slow the job market recovery in 2022.
([CLICK HERE FOR THE YOUTUBE VIDEO!]())
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(VIDEO NOT YET POSTED.)Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
- ($CHPT $GME $LULU $CHWY $COST $AZO $RH $SAIC $LOVE $AVGO $DLHC $PATH $COUP $MDB $ASO $DBI $THO $ORCL $PLAY $CBP $SFIX $HRL $S $CONN $SUMO $SOL $UNFI $KFY $GTLB $CIEN $ALCO $PD $TOL $HQY $CASY $CNM $VRA $GEF $JW.A $ALOT $PLAB $AOUT)
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
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(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
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(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
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(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)
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ChargePoint Holdings, Inc. (CHPT) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, December 7, 2021. The consensus estimate is for a loss of $0.14 per share on revenue of $63.02 million and the Earnings Whisper ® number is ($0.11) per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for revenue of $60.00 million to $65.00 million. Short interest has decreased by 35.9% since the company's last earnings release while the stock has drifted lower by 9.3% from its open following the earnings release to be 12.1% below its 200 day moving average of $24.53. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, November 29, 2021 there was some notable buying of 1,258 contracts of the $34.00 call expiring on Friday, December 17, 2021. Option traders are pricing in a 12.8% move on earnings and the stock has averaged a 7.6% move in recent quarters.
GameStop Corp. (GME) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, December 8, 2021. The consensus estimate is for a loss of $0.22 per share on revenue of $1.19 billion and the Earnings Whisper ® number is ($0.46) per share. Investor sentiment going into the company's earnings release has 54% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 58.49% with revenue increasing by 18.44%. Short interest has decreased by 10.4% since the company's last earnings release while the stock has drifted lower by 4.3% from its open following the earnings release to be 7.3% below its 200 day moving average of $185.88. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, November 19, 2021 there was some notable buying of 2,239 contracts of the $250.00 call expiring on Friday, December 10, 2021. Option traders are pricing in a 17.7% move on earnings and the stock has averaged a 16.3% move in recent quarters.
lululemon athletica inc. (LULU) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, December 9, 2021. The consensus earnings estimate is $1.39 per share on revenue of $1.43 billion and the Earnings Whisper ® number is $1.59 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat The company's guidance was for earnings of $1.33 to $1.38 per share. Consensus estimates are for year-over-year earnings growth of 19.83% with revenue increasing by 27.97%. Short interest has increased by 6.0% since the company's last earnings release while the stock has drifted higher by 0.5% from its open following the earnings release to be 17.1% above its 200 day moving average of $371.99. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, November 16, 2021 there was some notable buying of 552 contracts of the $490.00 call expiring on Friday, December 10, 2021. Option traders are pricing in a 9.9% move on earnings and the stock has averaged a 5.9% move in recent quarters.
Chewy, Inc. (CHWY) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, December 9, 2021. The consensus estimate is for a loss of $0.04 per share on revenue of $2.21 billion and the Earnings Whisper ® number is ($0.04) per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 50.00% with revenue increasing by 24.02%. Short interest has increased by 25.4% since the company's last earnings release while the stock has drifted lower by 20.9% from its open following the earnings release to be 20.0% below its 200 day moving average of $78.32. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, November 23, 2021 there was some notable buying of 6,763 contracts of the $65.00 put expiring on Friday, January 21, 2022. Option traders are pricing in a 16.3% move on earnings and the stock has averaged a 6.4% move in recent quarters.
Costco Wholesale Corp. (COST) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, December 9, 2021. The consensus earnings estimate is $2.59 per share on revenue of $49.05 billion and the Earnings Whisper ® number is $2.77 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 13.10% with revenue increasing by 13.52%. Short interest has decreased by 17.1% since the company's last earnings release while the stock has drifted higher by 16.0% from its open following the earnings release to be 27.1% above its 200 day moving average of $416.03. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, November 29, 2021 there was some notable buying of 3,073 contracts of the $550.00 call and 2,087 contracts of the $550.00 put expiring on Friday, December 17, 2021. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 1.4% move in recent quarters.
AutoZone, Inc. (AZO) is confirmed to report earnings at approximately 6:55 AM ET on Tuesday, December 7, 2021. The consensus earnings estimate is $20.83 per share on revenue of $3.34 billion and the Earnings Whisper ® number is $22.59 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.93% with revenue increasing by 5.89%. Short interest has increased by 22.4% since the company's last earnings release while the stock has drifted higher by 15.3% from its open following the earnings release to be 20.6% above its 200 day moving average of $1,544.93. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 7.0% move on earnings and the stock has averaged a 2.2% move in recent quarters.
RH (RH) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, December 8, 2021. The consensus earnings estimate is $6.69 per share on revenue of $985.18 million and the Earnings Whisper ® number is $7.21 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 7.90% with revenue increasing by 16.73%. Short interest has increased by 2.2% since the company's last earnings release while the stock has drifted lower by 23.9% from its open following the earnings release to be 15.5% below its 200 day moving average of $635.39. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 17, 2021 there was some notable buying of 1,250 contracts of the $310.00 call expiring on Friday, January 20, 2023. Option traders are pricing in a 13.0% move on earnings and the stock has averaged a 9.4% move in recent quarters.
Science Applications International Corporation (SAIC) is confirmed to report earnings at approximately 6:30 AM ET on Monday, December 6, 2021. The consensus earnings estimate is $1.45 per share on revenue of $1.88 billion and the Earnings Whisper ® number is $1.57 per share. Investor sentiment going into the company's earnings release has 42% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 10.49% with revenue increasing by 3.41%. Short interest has decreased by 9.7% since the company's last earnings release while the stock has drifted lower by 1.5% from its open following the earnings release to be 3.7% below its 200 day moving average of $88.85. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 6.4% move on earnings and the stock has averaged a 4.7% move in recent quarters.
Lovesac Company (LOVE) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, December 8, 2021. The consensus estimate is for a loss of $0.40 per share on revenue of $112.19 million and the Earnings Whisper ® number is ($0.28) per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 350.00% with revenue increasing by 50.10%. Short interest has increased by 26.5% since the company's last earnings release while the stock has drifted higher by 9.2% from its open following the earnings release to be 9.5% below its 200 day moving average of $68.25. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 11.6% move on earnings and the stock has averaged a 13.3% move in recent quarters.
Broadcom Limited (AVGO) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, December 9, 2021. The consensus earnings estimate is $7.74 per share on revenue of $7.36 billion and the Earnings Whisper ® number is $7.85 per share. Investor sentiment going into the company's earnings release has 86% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 19.08% with revenue increasing by 13.81%. Short interest has increased by 9.0% since the company's last earnings release while the stock has drifted higher by 12.5% from its open following the earnings release to be 15.4% above its 200 day moving average of $483.79. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, November 16, 2021 there was some notable buying of 1,273 contracts of the $560.00 call expiring on Friday, January 21, 2022. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 1.9% move in recent quarters.
2021.12.04 04:54 bigbear0083Wall Street Week Ahead for the trading week beginning December 6th, 2021
Good Friday evening to all of you here on StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead.Here is everything you need to know to get you ready for the trading week beginning December 6th, 2021.
Volatility could continue to plague markets after a week of violent swings that sent many stocks plummeting.In the week ahead, investors await more news on the omicron Covid variant and another inflation report Friday that is expected to show consumer prices remain the hottest in three decades. In the past week, stocks sold off on worries about the omicron variant and concerns the Federal Reserve will move away from its easy policies and raise interest rates sooner than anticipated. Fed Chairman Jerome Powell told a Congressional panel Tuesday that the central bank will consider speeding up the taper of its $120 billion monthly bond-buying program when it meets Dec. 14 and 15. The Federal Reserve put its bond-purchasing program in place in early 2020 to prop up the economy during the pandemic. “It’s going to be a somewhat turbulent December because we probably need to wait for earnings season to get regrounded, back to fundamentals,” said Jack Ablin, chief investment officer at Cresset. “For as high as a lot of the ratios would suggest, price-to-sales, price-to-earnings, when you throw it into the hopper with interest rates and everything else, things aren’t that bad. I don’t think we’re teetering on the edge of a cliff.” But Ablin did say the comments from Powell were unnerving investors, who fear the Fed will also speed up interest rate hikes. Powell acknowledged he was wrong about inflation being “transitory,” or temporary, spooking investors. The bond purchases are now scheduled to end in June. “I’m not sure what investors’ read on inflation is. Do they think the Fed is going to raise rates, get ahead of it too early and everything is going to roll over? Ever since Powell took ‘transitory’ out of his talk, investors have been somewhat off balance,” said Ablin. The consumer price index or CPI for November is expected Friday morning. Economists polled by Dow Jones predict it rose 0.6% on a monthly basis, or 6.7% year over year. That compares to a 0.9% gain in October, and a 6.2% jump year over year, the biggest move in three decades. High fliers and growth were among the hardest hit Friday, as investors bailed out of some of the riskiest stocks. As stocks plunged Friday, Treasury yields fell. Yields move opposite price, and the move was seen as a flight to safety. The 10-year note yield fell to 1.35%. The ARK Innovation ETF was down nearly 12.7% for the week. Most of the growth names in the fund plunged into bear market territory. “I think investors have to keep in mind that’s not a 15-week strategy. It’s a 15-year strategy, as far as we’re concerned,” Ablin said. For the week, the small cap Russell 2000 was down nearly 4%, while the S&P 500 was off just 1.2%. The worst performing major sector for the week was communications services, which includes internet companies. It was down 2.8%, followed by consumer discretionary, off 2.4%. Financials lost nearly 2%, and the S&P technology sector was down 0.4% for the week. But on Friday, tech lost 1.7%. The Federal Reserve should be quiet in the week ahead. Fed officials traditionally do not make major speeches in the blackout period, which is the coming week, ahead of their Dec. 14 and 15 meeting. One exception is Minneapolis Fed President Neel Kashkari who speaks Thursday at the Center for Indian Country Development Research Summit. Much of the focus will be on how the market itself is performing. “Ever since the Nov. 22 outside bearish day, all strength has been sold with lots of damage underneath the hood,” said Scott Redler of T3Live.com. “Now finally some of the leadership names are showing faulty action.” He noted that both Microsoft and Apple were weaker. “Money is not hiding in Amazon, Google, or Facebook. They haven’t been special for weeks,” he said. The S&P closed below its 50-day moving average Friday, after closing below it Wednesday. The 50-day is at 4,544. That’s a signal to some market technicians that the index is on the verge of breaking down. The 50-day moving average is the average closing price over the past 50 days, and is viewed as a momentum indicator. “Basically, it’s effectively a retest of support because we had the relief rally [Thursday],” said Katie Stockton, founder of Fairlead Strategies. She said the S&P 500 needs to close below the 50-day for two consecutive days before the move is considered a breakdown. “The action in the high growth, high multiple names is not a good sign,” said Stockton. “We do have some signs of downside exhaustion but not as widespread as I would hope. We’re seeing some of the heavyweights, like Adobe for example, taking out levels like the 50-day moving averages.” She said some of those big names have now joined the selling. “We’re just watching how bad it gets. Monday is going to be the tell,” said Stockton. “That also gives it the weekend to settle... Extremes have gotten a little bit more extreme. Sentiment is the most oversold from a contrarian perspective since the October low.”
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At the close on Wednesday (12/1), the small-cap Russell 2,000 had fallen 12.1% from its recent high on November 8th, leaving the index in 'correction' territory. A market 'correction' is a drop of 10%+ that was preceded by a rally of at least 10% on a closing basis. This correction for the Russell 2,000 is its 58th since data for the index begins in 1978. Below is a table showing prior corrections for the Russell. The average correction sees the index fall 18.35%, which is just shy of the 20% threshold for a 'bear market.' The median correction is a little smaller at -15.4%. In terms of length, the average Russell correction has lasted 73 days, while the median is 62 days. For the current Russell 2,000 correction to reach average levels, it would need to fall another 7% from here, and it would come to an end on January 20th, 2022.
In terms of extremes, the biggest correction that the Russell 2,000 has ever experienced was the 41.9% decline seen during the initial COVID Crash from 1/16/20 to 3/18/20. The longest correction lasted 397 days from 6/24/83 to 7/25/84. In terms of the shortest correction, there were two that lasted 3 days. One of those came during the Financial Crisis while the other happened last June.(CLICK HERE FOR THE CHART!)
December typically starts out weak as tax-loss selling ramps up and with the big gains this year we would expect that early December weakness to materialize. Then as you can see in the typical December chart here stocks begin to takeoff around mid-month led by small caps and the Russell 2000.
This is what used to be known as the “January Effect:” small caps outperforming large caps in the month of January. Nowadays most of the so-called January Effect takes place in the last half of December (2021 Almanac pages 110 & 112, 2022 pages 112 & 114). The January Effect is not to be confused with the January Barometer (2021 Almanac page 16, 2022 page 18), which states as the S&P 500 goes in January, so goes the year.(CLICK HERE FOR THE CHART!)
Trading in December is holiday inspired and fueled by a buying bias throughout the month. However, the first part of the month tends to be weaker as tax-loss selling and yearend portfolio restructuring begins. Regardless, December is laden with market seasonality and important events.
December is the number three S&P 500 and Dow Jones Industrials month since 1950, averaging gains of 1.5% on each index. It’s the second-best Russell 2000 (1979) month and third best for NASDAQ (1971) and Russell 1000 (1979). In 2018, DJIA suffered its worst December performance since 1931 and its fourth worst December going all the way back to 1901. However, the market rarely falls precipitously in December and a repeat of 2018 is not all that likely. When December is down it is usually a turning point in the market—near a top or bottom. If the market has experienced fantastic gains leading up to December, stocks can pullback in the first half of the month.
In the last seventeen post-election years, December’s ranking slip to #7 S&P 500, #7 NASDAQ and DJIA #5. Small caps, measured by the Russell 2000, tend to have a field day in post-election-year Decembers. Since 1981, the Russell 2000 has lost ground three time in ten post-election years in December. The average small cap gain in all ten years is a solid 2.2%.(CLICK HERE FOR THE CHART!)
Small caps tend to start to outperform larger caps near the middle of the month (early January Effect) and The “Santa Claus Rally” begins on the open on December 27 and lasts until the second trading day of 2022. Average S&P 500 gains over this seven trading-day range since 1969 are a respectable 1.3%.
Years when the Santa Claus Rally (SCR) has failed to materialize are often flat or down. The last six times SCR (the last five trading days of the year and the first two trading days of the New Year) has not occurred were followed by three flat years (1994, 2004 and 2015) and two nasty bear markets (2000 and 2008) and a mild bear that ended in February 2016. As Yale Hirsch’s now famous line states, “If Santa Claus should fail to call, bears may come to Broad and Wall.”
Here comes December, historically a pretty solid month for stocks, but now we have the Omicron variant wreaking havoc on markets. “What a difference a week makes. A week ago stocks were at all-time highs and the economy was strong. Now all we have are uncertainties and questions,” explained LPL Financial Chief Market Strategist Ryan Detrick. “As of now we’re optimistic that stocks will sidestep the new variant worries, but we recommend investors buckle up their seatbelts, as the end of 2021 could be a bumpy one.”
Here are six things to think about as we head into the jolliest month of them all.
First, historically, the S&P 500 Index has gained 1.5% on average in December, which is the third best month of the year with only April and November better. But as you can see here, over the past 10 years, December has been much weaker. Of course, much of this was due to a huge 9.2% drop in 2018 (which we’ll get to soon enough).(CLICK HERE FOR THE CHART!)
Second, some more good news is December has been up 74.3% of the time, more than any other month of the year.(CLICK HERE FOR THE CHART!)
drop in 2018. Only once in history was December the worst month of the year for the S&P 500 and it was indeed in 2018. Three times it was the second worst month of the year, in 1968, 1980, and 1996. The worst monthly return so far this year was a 4.8% drop in September.
Fourth, stocks usually don’t get moving until the second half of the month, right as the holiday good feel vibes start to come out.(CLICK HERE FOR THE CHART!)
Fifth, this year is in rare air, as all 11 months have made a new all-time high so far. Should the S&P 500 make new highs in December that would be a perfect 12 for 12, matching 2014 as the only years to complete this incredible feat.(CLICK HERE FOR THE CHART!)
Sixth, as we show in the LPL Chart of the Day, it turns out that when stocks are up more than 20% for the year heading into December (like 2021), the final month actually does better, up 1.7% versus 1.5%. Also, it has been higher eight of the past nine times the year was up more than 20% heading into the final month.(CLICK HERE FOR THE CHART!)
The domestic economy added just 210,000 jobs during November, well below Bloomberg-surveyed economists’ consensus forecast for a gain of 550,000 and below October’s revised tally of 546,000. The net revision to prior months was positive but only by 82,000.
The modest 23,000 gain in leisure and hospitality jobs, which were up 170,000 in October, and a 20,000 drop in retail jobs don’t make much sense given solid retail sales data of late. That could set up a positive reversal from revisions next month, though that potential bump will play some tug-of-war with the emergence of the Omicron COVID-19 variant, which came after the November survey period ended.
As shown in the LPL Chart of the Day, for the past four months the pace of job gains has been well below the pre-Delta variant levels of near 1 million back in June and July. However, there are a number of reasons to be optimistic that job growth picks up in early 2022, assuming the Omicron variant doesn’t get in the way.
“The job growth number is disappointing, no doubt, especially considering the survey period fell before we even know the name of the newest Covid-19 variant,” noted LPL Financial Equity Strategist Jeffrey Buchbinder. “While Omicron may curb hiring a bit over the next month or two, we remain confident in our expectation for strong job gains and above-average growth in the U.S. economy in 2022.”(CLICK HERE FOR THE CHART!)
The story was clearly better when looking at the unemployment rate, derived from the household survey rather than from employers. The unemployment rate unexpectedly fell from 4.6% to 4.2% in November as workers—in an encouraging sign—came off the sidelines (1.14 million of them), lifting the participation rate by 0.2% to 61.8%, a post-recession high but still well off pre-pandemic levels.
Inflation data also painted a somewhat reassuring picture. The year-over-year increase in average hourly earnings rose less than expected at 4.8% (+0.3% month over month), below consensus expectations of 5.0% and 0.4%, and not enough to keep up with the Consumer Price Index (CPI) over the same period. It’s reasonable to conclude that the increase in labor participation helped limit wage increases, but we have a long way to go there still. The labor market is still 3.9 million jobs below pre-pandemic levels and the labor market remains under-supplied, as noted above. In other words, further improvement in participation will still be needed to help contain inflation pressure.
Some will argue that this report will make the Federal Reserve (Fed) think twice before accelerating tapering of its bond purchases, but we’re not so sure.
“There were a number of positives with this jobs report,” explained LPL Financial Fixed Income Strategist Lawrence Gillum. “Labor force participation increased and the unemployment rate fell—both of which point to a continued strong jobs market. That may give the Fed reasons to speed up its tapering plans.”
Overall, this report is a disappointing reminder that we’re going to have to wait longer for the booming jobs numbers that we still expect to see. We continue to expect more people to get back to work in the months ahead, in an environment of strong labor demand, which can help alleviate wage pressure and firm up the economic growth outlook. Omicron is a risk but based on the information we have today, we do not expect that variant, or any others, to meaningfully slow the job market recovery in 2022.
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(VIDEO NOT YET POSTED.)Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
- ($CHPT $GME $LULU $CHWY $COST $AZO $RH $SAIC $LOVE $AVGO $DLHC $PATH $COUP $MDB $ASO $DBI $THO $ORCL $PLAY $CBP $SFIX $HRL $S $CONN $SUMO $SOL $UNFI $KFY $GTLB $CIEN $ALCO $PD $TOL $HQY $CASY $CNM $VRA $GEF $JW.A $ALOT $PLAB $AOUT)
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ChargePoint Holdings, Inc. (CHPT) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, December 7, 2021. The consensus estimate is for a loss of $0.14 per share on revenue of $63.02 million and the Earnings Whisper ® number is ($0.11) per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for revenue of $60.00 million to $65.00 million. Short interest has decreased by 35.9% since the company's last earnings release while the stock has drifted lower by 9.3% from its open following the earnings release to be 12.1% below its 200 day moving average of $24.53. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, November 29, 2021 there was some notable buying of 1,258 contracts of the $34.00 call expiring on Friday, December 17, 2021. Option traders are pricing in a 12.8% move on earnings and the stock has averaged a 7.6% move in recent quarters.
GameStop Corp. (GME) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, December 8, 2021. The consensus estimate is for a loss of $0.22 per share on revenue of $1.19 billion and the Earnings Whisper ® number is ($0.46) per share. Investor sentiment going into the company's earnings release has 54% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 58.49% with revenue increasing by 18.44%. Short interest has decreased by 10.4% since the company's last earnings release while the stock has drifted lower by 4.3% from its open following the earnings release to be 7.3% below its 200 day moving average of $185.88. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, November 19, 2021 there was some notable buying of 2,239 contracts of the $250.00 call expiring on Friday, December 10, 2021. Option traders are pricing in a 17.7% move on earnings and the stock has averaged a 16.3% move in recent quarters.
lululemon athletica inc. (LULU) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, December 9, 2021. The consensus earnings estimate is $1.39 per share on revenue of $1.43 billion and the Earnings Whisper ® number is $1.59 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat The company's guidance was for earnings of $1.33 to $1.38 per share. Consensus estimates are for year-over-year earnings growth of 19.83% with revenue increasing by 27.97%. Short interest has increased by 6.0% since the company's last earnings release while the stock has drifted higher by 0.5% from its open following the earnings release to be 17.1% above its 200 day moving average of $371.99. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, November 16, 2021 there was some notable buying of 552 contracts of the $490.00 call expiring on Friday, December 10, 2021. Option traders are pricing in a 9.9% move on earnings and the stock has averaged a 5.9% move in recent quarters.
Chewy, Inc. (CHWY) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, December 9, 2021. The consensus estimate is for a loss of $0.04 per share on revenue of $2.21 billion and the Earnings Whisper ® number is ($0.04) per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 50.00% with revenue increasing by 24.02%. Short interest has increased by 25.4% since the company's last earnings release while the stock has drifted lower by 20.9% from its open following the earnings release to be 20.0% below its 200 day moving average of $78.32. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, November 23, 2021 there was some notable buying of 6,763 contracts of the $65.00 put expiring on Friday, January 21, 2022. Option traders are pricing in a 16.3% move on earnings and the stock has averaged a 6.4% move in recent quarters.
Costco Wholesale Corp. (COST) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, December 9, 2021. The consensus earnings estimate is $2.59 per share on revenue of $49.05 billion and the Earnings Whisper ® number is $2.77 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 13.10% with revenue increasing by 13.52%. Short interest has decreased by 17.1% since the company's last earnings release while the stock has drifted higher by 16.0% from its open following the earnings release to be 27.1% above its 200 day moving average of $416.03. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, November 29, 2021 there was some notable buying of 3,073 contracts of the $550.00 call and 2,087 contracts of the $550.00 put expiring on Friday, December 17, 2021. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 1.4% move in recent quarters.
AutoZone, Inc. (AZO) is confirmed to report earnings at approximately 6:55 AM ET on Tuesday, December 7, 2021. The consensus earnings estimate is $20.83 per share on revenue of $3.34 billion and the Earnings Whisper ® number is $22.59 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.93% with revenue increasing by 5.89%. Short interest has increased by 22.4% since the company's last earnings release while the stock has drifted higher by 15.3% from its open following the earnings release to be 20.6% above its 200 day moving average of $1,544.93. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 7.0% move on earnings and the stock has averaged a 2.2% move in recent quarters.
RH (RH) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, December 8, 2021. The consensus earnings estimate is $6.69 per share on revenue of $985.18 million and the Earnings Whisper ® number is $7.21 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 7.90% with revenue increasing by 16.73%. Short interest has increased by 2.2% since the company's last earnings release while the stock has drifted lower by 23.9% from its open following the earnings release to be 15.5% below its 200 day moving average of $635.39. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 17, 2021 there was some notable buying of 1,250 contracts of the $310.00 call expiring on Friday, January 20, 2023. Option traders are pricing in a 13.0% move on earnings and the stock has averaged a 9.4% move in recent quarters.
Science Applications International Corporation (SAIC) is confirmed to report earnings at approximately 6:30 AM ET on Monday, December 6, 2021. The consensus earnings estimate is $1.45 per share on revenue of $1.88 billion and the Earnings Whisper ® number is $1.57 per share. Investor sentiment going into the company's earnings release has 42% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 10.49% with revenue increasing by 3.41%. Short interest has decreased by 9.7% since the company's last earnings release while the stock has drifted lower by 1.5% from its open following the earnings release to be 3.7% below its 200 day moving average of $88.85. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 6.4% move on earnings and the stock has averaged a 4.7% move in recent quarters.
Lovesac Company (LOVE) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, December 8, 2021. The consensus estimate is for a loss of $0.40 per share on revenue of $112.19 million and the Earnings Whisper ® number is ($0.28) per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 350.00% with revenue increasing by 50.10%. Short interest has increased by 26.5% since the company's last earnings release while the stock has drifted higher by 9.2% from its open following the earnings release to be 9.5% below its 200 day moving average of $68.25. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 11.6% move on earnings and the stock has averaged a 13.3% move in recent quarters.
Broadcom Limited (AVGO) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, December 9, 2021. The consensus earnings estimate is $7.74 per share on revenue of $7.36 billion and the Earnings Whisper ® number is $7.85 per share. Investor sentiment going into the company's earnings release has 86% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 19.08% with revenue increasing by 13.81%. Short interest has increased by 9.0% since the company's last earnings release while the stock has drifted higher by 12.5% from its open following the earnings release to be 15.4% above its 200 day moving average of $483.79. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, November 16, 2021 there was some notable buying of 1,273 contracts of the $560.00 call expiring on Friday, January 21, 2022. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 1.9% move in recent quarters.
2021.12.04 04:52 bigbear0083Wall Street Week Ahead for the trading week beginning December 6th, 2021
Good Friday evening to all of you here on StockMarketChat. I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead.Here is everything you need to know to get you ready for the trading week beginning December 6th, 2021.
Volatility could continue to plague markets after a week of violent swings that sent many stocks plummeting.In the week ahead, investors await more news on the omicron Covid variant and another inflation report Friday that is expected to show consumer prices remain the hottest in three decades. In the past week, stocks sold off on worries about the omicron variant and concerns the Federal Reserve will move away from its easy policies and raise interest rates sooner than anticipated. Fed Chairman Jerome Powell told a Congressional panel Tuesday that the central bank will consider speeding up the taper of its $120 billion monthly bond-buying program when it meets Dec. 14 and 15. The Federal Reserve put its bond-purchasing program in place in early 2020 to prop up the economy during the pandemic. “It’s going to be a somewhat turbulent December because we probably need to wait for earnings season to get regrounded, back to fundamentals,” said Jack Ablin, chief investment officer at Cresset. “For as high as a lot of the ratios would suggest, price-to-sales, price-to-earnings, when you throw it into the hopper with interest rates and everything else, things aren’t that bad. I don’t think we’re teetering on the edge of a cliff.” But Ablin did say the comments from Powell were unnerving investors, who fear the Fed will also speed up interest rate hikes. Powell acknowledged he was wrong about inflation being “transitory,” or temporary, spooking investors. The bond purchases are now scheduled to end in June. “I’m not sure what investors’ read on inflation is. Do they think the Fed is going to raise rates, get ahead of it too early and everything is going to roll over? Ever since Powell took ‘transitory’ out of his talk, investors have been somewhat off balance,” said Ablin. The consumer price index or CPI for November is expected Friday morning. Economists polled by Dow Jones predict it rose 0.6% on a monthly basis, or 6.7% year over year. That compares to a 0.9% gain in October, and a 6.2% jump year over year, the biggest move in three decades. High fliers and growth were among the hardest hit Friday, as investors bailed out of some of the riskiest stocks. As stocks plunged Friday, Treasury yields fell. Yields move opposite price, and the move was seen as a flight to safety. The 10-year note yield fell to 1.35%. The ARK Innovation ETF was down nearly 12.7% for the week. Most of the growth names in the fund plunged into bear market territory. “I think investors have to keep in mind that’s not a 15-week strategy. It’s a 15-year strategy, as far as we’re concerned,” Ablin said. For the week, the small cap Russell 2000 was down nearly 4%, while the S&P 500 was off just 1.2%. The worst performing major sector for the week was communications services, which includes internet companies. It was down 2.8%, followed by consumer discretionary, off 2.4%. Financials lost nearly 2%, and the S&P technology sector was down 0.4% for the week. But on Friday, tech lost 1.7%. The Federal Reserve should be quiet in the week ahead. Fed officials traditionally do not make major speeches in the blackout period, which is the coming week, ahead of their Dec. 14 and 15 meeting. One exception is Minneapolis Fed President Neel Kashkari who speaks Thursday at the Center for Indian Country Development Research Summit. Much of the focus will be on how the market itself is performing. “Ever since the Nov. 22 outside bearish day, all strength has been sold with lots of damage underneath the hood,” said Scott Redler of T3Live.com. “Now finally some of the leadership names are showing faulty action.” He noted that both Microsoft and Apple were weaker. “Money is not hiding in Amazon, Google, or Facebook. They haven’t been special for weeks,” he said. The S&P closed below its 50-day moving average Friday, after closing below it Wednesday. The 50-day is at 4,544. That’s a signal to some market technicians that the index is on the verge of breaking down. The 50-day moving average is the average closing price over the past 50 days, and is viewed as a momentum indicator. “Basically, it’s effectively a retest of support because we had the relief rally [Thursday],” said Katie Stockton, founder of Fairlead Strategies. She said the S&P 500 needs to close below the 50-day for two consecutive days before the move is considered a breakdown. “The action in the high growth, high multiple names is not a good sign,” said Stockton. “We do have some signs of downside exhaustion but not as widespread as I would hope. We’re seeing some of the heavyweights, like Adobe for example, taking out levels like the 50-day moving averages.” She said some of those big names have now joined the selling. “We’re just watching how bad it gets. Monday is going to be the tell,” said Stockton. “That also gives it the weekend to settle... Extremes have gotten a little bit more extreme. Sentiment is the most oversold from a contrarian perspective since the October low.”
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At the close on Wednesday (12/1), the small-cap Russell 2,000 had fallen 12.1% from its recent high on November 8th, leaving the index in 'correction' territory. A market 'correction' is a drop of 10%+ that was preceded by a rally of at least 10% on a closing basis. This correction for the Russell 2,000 is its 58th since data for the index begins in 1978. Below is a table showing prior corrections for the Russell. The average correction sees the index fall 18.35%, which is just shy of the 20% threshold for a 'bear market.' The median correction is a little smaller at -15.4%. In terms of length, the average Russell correction has lasted 73 days, while the median is 62 days. For the current Russell 2,000 correction to reach average levels, it would need to fall another 7% from here, and it would come to an end on January 20th, 2022.
In terms of extremes, the biggest correction that the Russell 2,000 has ever experienced was the 41.9% decline seen during the initial COVID Crash from 1/16/20 to 3/18/20. The longest correction lasted 397 days from 6/24/83 to 7/25/84. In terms of the shortest correction, there were two that lasted 3 days. One of those came during the Financial Crisis while the other happened last June.(CLICK HERE FOR THE CHART!)
December typically starts out weak as tax-loss selling ramps up and with the big gains this year we would expect that early December weakness to materialize. Then as you can see in the typical December chart here stocks begin to takeoff around mid-month led by small caps and the Russell 2000.
This is what used to be known as the “January Effect:” small caps outperforming large caps in the month of January. Nowadays most of the so-called January Effect takes place in the last half of December (2021 Almanac pages 110 & 112, 2022 pages 112 & 114). The January Effect is not to be confused with the January Barometer (2021 Almanac page 16, 2022 page 18), which states as the S&P 500 goes in January, so goes the year.(CLICK HERE FOR THE CHART!)
Trading in December is holiday inspired and fueled by a buying bias throughout the month. However, the first part of the month tends to be weaker as tax-loss selling and yearend portfolio restructuring begins. Regardless, December is laden with market seasonality and important events.
December is the number three S&P 500 and Dow Jones Industrials month since 1950, averaging gains of 1.5% on each index. It’s the second-best Russell 2000 (1979) month and third best for NASDAQ (1971) and Russell 1000 (1979). In 2018, DJIA suffered its worst December performance since 1931 and its fourth worst December going all the way back to 1901. However, the market rarely falls precipitously in December and a repeat of 2018 is not all that likely. When December is down it is usually a turning point in the market—near a top or bottom. If the market has experienced fantastic gains leading up to December, stocks can pullback in the first half of the month.
In the last seventeen post-election years, December’s ranking slip to #7 S&P 500, #7 NASDAQ and DJIA #5. Small caps, measured by the Russell 2000, tend to have a field day in post-election-year Decembers. Since 1981, the Russell 2000 has lost ground three time in ten post-election years in December. The average small cap gain in all ten years is a solid 2.2%.(CLICK HERE FOR THE CHART!)
Small caps tend to start to outperform larger caps near the middle of the month (early January Effect) and The “Santa Claus Rally” begins on the open on December 27 and lasts until the second trading day of 2022. Average S&P 500 gains over this seven trading-day range since 1969 are a respectable 1.3%.
Years when the Santa Claus Rally (SCR) has failed to materialize are often flat or down. The last six times SCR (the last five trading days of the year and the first two trading days of the New Year) has not occurred were followed by three flat years (1994, 2004 and 2015) and two nasty bear markets (2000 and 2008) and a mild bear that ended in February 2016. As Yale Hirsch’s now famous line states, “If Santa Claus should fail to call, bears may come to Broad and Wall.”
Here comes December, historically a pretty solid month for stocks, but now we have the Omicron variant wreaking havoc on markets. “What a difference a week makes. A week ago stocks were at all-time highs and the economy was strong. Now all we have are uncertainties and questions,” explained LPL Financial Chief Market Strategist Ryan Detrick. “As of now we’re optimistic that stocks will sidestep the new variant worries, but we recommend investors buckle up their seatbelts, as the end of 2021 could be a bumpy one.”
Here are six things to think about as we head into the jolliest month of them all.
First, historically, the S&P 500 Index has gained 1.5% on average in December, which is the third best month of the year with only April and November better. But as you can see here, over the past 10 years, December has been much weaker. Of course, much of this was due to a huge 9.2% drop in 2018 (which we’ll get to soon enough).(CLICK HERE FOR THE CHART!)
Second, some more good news is December has been up 74.3% of the time, more than any other month of the year.(CLICK HERE FOR THE CHART!)
drop in 2018. Only once in history was December the worst month of the year for the S&P 500 and it was indeed in 2018. Three times it was the second worst month of the year, in 1968, 1980, and 1996. The worst monthly return so far this year was a 4.8% drop in September.
Fourth, stocks usually don’t get moving until the second half of the month, right as the holiday good feel vibes start to come out.(CLICK HERE FOR THE CHART!)
Fifth, this year is in rare air, as all 11 months have made a new all-time high so far. Should the S&P 500 make new highs in December that would be a perfect 12 for 12, matching 2014 as the only years to complete this incredible feat.(CLICK HERE FOR THE CHART!)
Sixth, as we show in the LPL Chart of the Day, it turns out that when stocks are up more than 20% for the year heading into December (like 2021), the final month actually does better, up 1.7% versus 1.5%. Also, it has been higher eight of the past nine times the year was up more than 20% heading into the final month.(CLICK HERE FOR THE CHART!)
The domestic economy added just 210,000 jobs during November, well below Bloomberg-surveyed economists’ consensus forecast for a gain of 550,000 and below October’s revised tally of 546,000. The net revision to prior months was positive but only by 82,000.
The modest 23,000 gain in leisure and hospitality jobs, which were up 170,000 in October, and a 20,000 drop in retail jobs don’t make much sense given solid retail sales data of late. That could set up a positive reversal from revisions next month, though that potential bump will play some tug-of-war with the emergence of the Omicron COVID-19 variant, which came after the November survey period ended.
As shown in the LPL Chart of the Day, for the past four months the pace of job gains has been well below the pre-Delta variant levels of near 1 million back in June and July. However, there are a number of reasons to be optimistic that job growth picks up in early 2022, assuming the Omicron variant doesn’t get in the way.
“The job growth number is disappointing, no doubt, especially considering the survey period fell before we even know the name of the newest Covid-19 variant,” noted LPL Financial Equity Strategist Jeffrey Buchbinder. “While Omicron may curb hiring a bit over the next month or two, we remain confident in our expectation for strong job gains and above-average growth in the U.S. economy in 2022.”(CLICK HERE FOR THE CHART!)
The story was clearly better when looking at the unemployment rate, derived from the household survey rather than from employers. The unemployment rate unexpectedly fell from 4.6% to 4.2% in November as workers—in an encouraging sign—came off the sidelines (1.14 million of them), lifting the participation rate by 0.2% to 61.8%, a post-recession high but still well off pre-pandemic levels.
Inflation data also painted a somewhat reassuring picture. The year-over-year increase in average hourly earnings rose less than expected at 4.8% (+0.3% month over month), below consensus expectations of 5.0% and 0.4%, and not enough to keep up with the Consumer Price Index (CPI) over the same period. It’s reasonable to conclude that the increase in labor participation helped limit wage increases, but we have a long way to go there still. The labor market is still 3.9 million jobs below pre-pandemic levels and the labor market remains under-supplied, as noted above. In other words, further improvement in participation will still be needed to help contain inflation pressure.
Some will argue that this report will make the Federal Reserve (Fed) think twice before accelerating tapering of its bond purchases, but we’re not so sure.
“There were a number of positives with this jobs report,” explained LPL Financial Fixed Income Strategist Lawrence Gillum. “Labor force participation increased and the unemployment rate fell—both of which point to a continued strong jobs market. That may give the Fed reasons to speed up its tapering plans.”
Overall, this report is a disappointing reminder that we’re going to have to wait longer for the booming jobs numbers that we still expect to see. We continue to expect more people to get back to work in the months ahead, in an environment of strong labor demand, which can help alleviate wage pressure and firm up the economic growth outlook. Omicron is a risk but based on the information we have today, we do not expect that variant, or any others, to meaningfully slow the job market recovery in 2022.
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(VIDEO NOT YET POSTED.)Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
- ($CHPT $GME $LULU $CHWY $COST $AZO $RH $SAIC $LOVE $AVGO $DLHC $PATH $COUP $MDB $ASO $DBI $THO $ORCL $PLAY $CBP $SFIX $HRL $S $CONN $SUMO $SOL $UNFI $KFY $GTLB $CIEN $ALCO $PD $TOL $HQY $CASY $CNM $VRA $GEF $JW.A $ALOT $PLAB $AOUT)
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ChargePoint Holdings, Inc. (CHPT) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, December 7, 2021. The consensus estimate is for a loss of $0.14 per share on revenue of $63.02 million and the Earnings Whisper ® number is ($0.11) per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for revenue of $60.00 million to $65.00 million. Short interest has decreased by 35.9% since the company's last earnings release while the stock has drifted lower by 9.3% from its open following the earnings release to be 12.1% below its 200 day moving average of $24.53. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, November 29, 2021 there was some notable buying of 1,258 contracts of the $34.00 call expiring on Friday, December 17, 2021. Option traders are pricing in a 12.8% move on earnings and the stock has averaged a 7.6% move in recent quarters.
GameStop Corp. (GME) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, December 8, 2021. The consensus estimate is for a loss of $0.22 per share on revenue of $1.19 billion and the Earnings Whisper ® number is ($0.46) per share. Investor sentiment going into the company's earnings release has 54% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 58.49% with revenue increasing by 18.44%. Short interest has decreased by 10.4% since the company's last earnings release while the stock has drifted lower by 4.3% from its open following the earnings release to be 7.3% below its 200 day moving average of $185.88. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, November 19, 2021 there was some notable buying of 2,239 contracts of the $250.00 call expiring on Friday, December 10, 2021. Option traders are pricing in a 17.7% move on earnings and the stock has averaged a 16.3% move in recent quarters.
lululemon athletica inc. (LULU) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, December 9, 2021. The consensus earnings estimate is $1.39 per share on revenue of $1.43 billion and the Earnings Whisper ® number is $1.59 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat The company's guidance was for earnings of $1.33 to $1.38 per share. Consensus estimates are for year-over-year earnings growth of 19.83% with revenue increasing by 27.97%. Short interest has increased by 6.0% since the company's last earnings release while the stock has drifted higher by 0.5% from its open following the earnings release to be 17.1% above its 200 day moving average of $371.99. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, November 16, 2021 there was some notable buying of 552 contracts of the $490.00 call expiring on Friday, December 10, 2021. Option traders are pricing in a 9.9% move on earnings and the stock has averaged a 5.9% move in recent quarters.
Chewy, Inc. (CHWY) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, December 9, 2021. The consensus estimate is for a loss of $0.04 per share on revenue of $2.21 billion and the Earnings Whisper ® number is ($0.04) per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 50.00% with revenue increasing by 24.02%. Short interest has increased by 25.4% since the company's last earnings release while the stock has drifted lower by 20.9% from its open following the earnings release to be 20.0% below its 200 day moving average of $78.32. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, November 23, 2021 there was some notable buying of 6,763 contracts of the $65.00 put expiring on Friday, January 21, 2022. Option traders are pricing in a 16.3% move on earnings and the stock has averaged a 6.4% move in recent quarters.
Costco Wholesale Corp. (COST) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, December 9, 2021. The consensus earnings estimate is $2.59 per share on revenue of $49.05 billion and the Earnings Whisper ® number is $2.77 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 13.10% with revenue increasing by 13.52%. Short interest has decreased by 17.1% since the company's last earnings release while the stock has drifted higher by 16.0% from its open following the earnings release to be 27.1% above its 200 day moving average of $416.03. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, November 29, 2021 there was some notable buying of 3,073 contracts of the $550.00 call and 2,087 contracts of the $550.00 put expiring on Friday, December 17, 2021. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 1.4% move in recent quarters.
AutoZone, Inc. (AZO) is confirmed to report earnings at approximately 6:55 AM ET on Tuesday, December 7, 2021. The consensus earnings estimate is $20.83 per share on revenue of $3.34 billion and the Earnings Whisper ® number is $22.59 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.93% with revenue increasing by 5.89%. Short interest has increased by 22.4% since the company's last earnings release while the stock has drifted higher by 15.3% from its open following the earnings release to be 20.6% above its 200 day moving average of $1,544.93. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 7.0% move on earnings and the stock has averaged a 2.2% move in recent quarters.
RH (RH) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, December 8, 2021. The consensus earnings estimate is $6.69 per share on revenue of $985.18 million and the Earnings Whisper ® number is $7.21 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 7.90% with revenue increasing by 16.73%. Short interest has increased by 2.2% since the company's last earnings release while the stock has drifted lower by 23.9% from its open following the earnings release to be 15.5% below its 200 day moving average of $635.39. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 17, 2021 there was some notable buying of 1,250 contracts of the $310.00 call expiring on Friday, January 20, 2023. Option traders are pricing in a 13.0% move on earnings and the stock has averaged a 9.4% move in recent quarters.
Science Applications International Corporation (SAIC) is confirmed to report earnings at approximately 6:30 AM ET on Monday, December 6, 2021. The consensus earnings estimate is $1.45 per share on revenue of $1.88 billion and the Earnings Whisper ® number is $1.57 per share. Investor sentiment going into the company's earnings release has 42% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 10.49% with revenue increasing by 3.41%. Short interest has decreased by 9.7% since the company's last earnings release while the stock has drifted lower by 1.5% from its open following the earnings release to be 3.7% below its 200 day moving average of $88.85. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 6.4% move on earnings and the stock has averaged a 4.7% move in recent quarters.
Lovesac Company (LOVE) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, December 8, 2021. The consensus estimate is for a loss of $0.40 per share on revenue of $112.19 million and the Earnings Whisper ® number is ($0.28) per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 350.00% with revenue increasing by 50.10%. Short interest has increased by 26.5% since the company's last earnings release while the stock has drifted higher by 9.2% from its open following the earnings release to be 9.5% below its 200 day moving average of $68.25. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 11.6% move on earnings and the stock has averaged a 13.3% move in recent quarters.
Broadcom Limited (AVGO) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, December 9, 2021. The consensus earnings estimate is $7.74 per share on revenue of $7.36 billion and the Earnings Whisper ® number is $7.85 per share. Investor sentiment going into the company's earnings release has 86% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 19.08% with revenue increasing by 13.81%. Short interest has increased by 9.0% since the company's last earnings release while the stock has drifted higher by 12.5% from its open following the earnings release to be 15.4% above its 200 day moving average of $483.79. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, November 16, 2021 there was some notable buying of 1,273 contracts of the $560.00 call expiring on Friday, January 21, 2022. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 1.9% move in recent quarters.
2021.12.03 00:23 Winth0rpEncyclopædia Britannica: The Imperial Depression (Alternate titles: The Great Depression, Depression of 1936)
The Imperial Depression, worldwide economic downturn that began in 1936 and lasted until about 1940. It was the most severe depression ever experienced by the industrialized world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory. Although it originated in the German Empire, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every most countries of the world, with only the Syndicalist revolutionary governments of the Third International being largely spared. Its social and cultural effects were no less staggering, especially in the Germany, where the Imperial Depression represented the harshest peacetime adversity faced by Germans since the formation of the Empire in 1871.Economic history
The timing and severity of the Imperial Depression varied substantially across countries. The Depression was particularly long and severe in Central Europe and especially the United States, which was still recovering from an unrelated economic depression that started in 1925; it was milder in Japan and much of the British Commonwealth. Perhaps not surprisingly, the worst depression ever experienced by the world economy stemmed from a multitude of causes. Global instability outbreaks of political violence in eastern Europe, subsequent reductions in international trade and investment, and misguided government policies caused economic output to fall in the German Empire, while the gold standard, which linked nearly all the countries of the world in a network of fixed currency exchange rates, played a key role in transmitting the German downturn to other countries. The recovery from the Great Depression was initially spurred by the revaluation of the Reichsmark against gold and the ensuing monetary expansion, and ultimately completed due to mobilization and increased military spending following the outbreak of the Second Weltkrieg. The economic impact of the Imperial Depression was enormous, including both extreme human suffering and profound changes in economic policy.
Timing and severity
The Imperial Depression began in the German Empire as a marked slowing of economic growth in the fall of 1935. The downturn became markedly worse, however, in early 1936 and continued until late 1938. Real output and prices fell precipitously. Between the peak and the trough of the downturn, industrial production in the German Empire declined 54 percent and real gross domestic product (GDP) fell 35 percent. The wholesale price index declined 37 percent (such declines in the price level are referred to as deflation). Although there is some debate about the reliability of the statistics, it is widely agreed that the unemployment rate exceeded 25 percent at its highest point. The severity of the Imperial Depression in the German Empire becomes especially clear when it is compared with Germany’s next worst recession, the Great Recession of 2006–10, during which the country’s real GDP declined just 5.8 percent and the unemployment rate peaked at less than 15 percent.The Depression affected virtually every country of the world. However, the dates and magnitude of the downturn varied substantially across countries. The Dominion of Canada struggled with low growth and recession during through 1938, though this was offset somewhat by the continued influx of capital from the British Diaspora and continued rearmament in preparation for the planned Reclamation War. The country did not slip into severe depression, however, and its peak-to-trough decline in industrial production was roughly one-fifth that of the German Empire. Russia also experienced a relatively short downturn in early 1936. The Russian recovery in 1937 was spurred in part by its nationalization of previously German held industries, and a new abilitiy to ignore disadvantageous treaties in the face of German weakness. America’s economy slipped into a downturn early in 1925 and then stabilized before turning down again in the aftermath of Black Monday in 1936. The decline in American industrial production was roughly equal to that in the German Empire. A number of countries in Eastern and Southern Europe fell into depression in early 1936, which resulted in a wide variety of political and economic reforms. While some less-developed countries experienced severe depressions, others, such Brazil, experienced comparatively mild downturns. Japan also experienced a mild depression, which began relatively late and ended relatively early.
The German recovery began in the summer of 1937. Output grew rapidly through 1939: real GDP rose at an average rate of 8.5 percent per year between 1937 and 1939. Output had fallen so deeply in the early 1936, however, that it remained substantially below its long-run trend path throughout this period. In March of 1939 the German Empire suffered another severe downturn, but following the outbreak of war in September 1939 the German economy grew even more rapidly than in the late-1930s. The country’s output finally returned to its long-run trend path in 1941.
Recovery in the rest of the world varied greatly. The American economy stopped declining soon after the passage of the Garner-Wagner Bill in early 1936, although genuine recovery did not begin until the beginning of Reconstruction following the conclusion of the Second American Civil War. The economies of a number of Eastern European countries began to strengthen in late 1937 and early 1938. Russia and Japan both began to recover in the fall of 1936. Canada and the constituent nations of the Austrian Empire started to revive at about the same time as the United States, midway through 1937. On the other hand, China and the German Pacific Holdings, which were severely affected by reductions in German government spending, did not firmly enter the recovery phase until 1939.
Stock market crash
The fundamental cause of the Great Depression in the Germany Empire was a decline in spending (sometimes referred to as aggregate demand), which led to a decline in production as manufacturers and merchandisers noticed an unintended rise in inventories. The sources of the contraction in spending in the German Empire varied over the course of the Depression, but they cumulated in a monumental decline in aggregate demand. The German decline was transmitted to the rest of the world largely through the gold standard. However, a variety of other factors also influenced the downturn in various countries.The initial decline in German output in the fall of 1935 is widely believed to have stemmed from the momentum of the Tirpitzjahre reaching its natural conclusion. The 1920s had been an exceptional boom period; prices had remained nearly constant throughout the decade, and there had no recessions since the elections of 1923. The one obvious area of excess was government spending, and subsequent reliance on increasing tax receipts to ensure continued growth. Government expenditures had not been reduced from the levels seen during the Great War, which military spending being replaced with an enlarged social safety net and infrastructure investments in Mitteleuropa and the newly acquired colonial holdings. As these internal projects neared completion, raising the prospect of large numbers of unemployed laborers, the Reichstag began to provide incentives for investors to increase presence in new markets, particularly Russia and China. The increased profits to be gained in financial speculation led to a subsequent decrease in investment in domestic consumer production and construction. Some scholars believe that this shift in focus coupled with a boom in housing construction in the mid-1920s led to an excess supply of housing and a particularly large drop in construction in 1933 and 1935.
By the fall of 1935, German stock prices had reached levels that could not be justified by reasonable anticipations of future earnings. As a result, when the assassination of Russian liberal politician Viktor Chernov caused uncertainty in the future of the Russian Republic as a stable target for investment, investors lost confidence and the stock market bubble burst. Panic selling began on “Black Monday,” February 3rd, 1936. Many stocks had been purchased on margin—that is, using loans secured by only a small fraction of the stocks’ value. As a result, the price declines forced some investors to liquidate their holdings, thus exacerbating the fall in prices. Between their peak in September and their low in November, German stock prices (measured by the Cowles Index) declined 37 percent. Because the decline was so dramatic, this event is often referred to as the Great Crash of 1936.
The stock market crash reduced German aggregate demand substantially. Consumer purchases of durable goods and business investment fell sharply after the crash. A likely explanation is that the financial crisis generated considerable uncertainty about future income, which in turn led consumers and firms to put off purchases of durable goods. Although the loss of wealth caused by the decline in stock prices was relatively small, the crash may also have depressed spending by making people feel poorer (see consumer confidence). As a result of the drastic decline in consumer and business spending, real output in the German Empire, which had been declining slowly up to this point, fell rapidly in mid-1936 and throughout 1937. Thus, while the Great Crash of the stock market and the Imperial Depression are two quite separate events, the decline in stock prices was one factor contributing to declines in production and employment in the German Empire.
Banking panics and government action
The Depression likely would have spiraled further out of control, had the government not taken immediate action in the aftermath of Black Monday. Within two days of the crash, when it became apparent that the crash was not a brief correction in prices, Reichskanzler Franz von Papen ordered that the government take over management of factories designated “essential for national defense”, citing a law dating back to the Weltkrieg. This action ensured that at risk factories, which are estimated to have made up over 25 percent of all German industrial output, to remain open and continue providing wages to their employees, as any loses would be taken by the government. This effort to ensure continued cash-flow to working class Germans was aimed and offsetting a banking panic that had begun in the aftermath of Black Monday. A banking panic arises when many depositors simultaneously lose confidence in the solvency of banks and demand that their bank deposits be paid to them in cash. Banks, which typically hold only a fraction of deposits as cash reserves, must liquidate loans in order to raise the required cash. This process of hasty liquidation can cause even a previously solvent bank to fail. The panic following the crash was forestalled with a national “bank holiday” declared by Kaiser Wilhelm on March 6, 1936. The bank holiday closed all banks, and they were permitted to reopen only after being deemed solvent by government inspectors. Without this holiday, the panics may have been disastrous to the German banking system. Even with rapid action, one in ten German banks in existence at the end of 1935 had failed.Despite these initial actions to forestall collapse, it rapidly became clear that Germany would not recover without expansive reforms to its economic, fiscal, and governmental structures. Economists Milton Friedman and Anna J. Schwartz, in the classic study A Monetary History of the German Empire, 1871–1960 (1963), argued that the appointment of Wilhelm Groener as State Secretary for Economic Affairs in April 1936, while controversial at the time, was a critical first step in this reformation. Groener was a forceful leader who understood that despite the initial nationalization of industry being a necessary step to manage unemployment, it was not sustainable in the long term. His decision to liquidate the least profitable businesses in the German industrial sector, despite causing an initial uptick in unemployment, allowed the government to be more targeted in its actions and assured a more rapid recovery amongst the surviving industry. More controversial was his willingness to severely cut social spending in an effort to limit deficits, which caused a severe decline in available spending money among the general population. This decision would have long term political consequences, leading directly to the victory of the SPD coalition in the 1937 elections, and their subsequent cuts to military spending in an attempt to restore social spending to previous levels.
The gold standard
Some economists believe that these spending cuts, coupled with attempts by the Reichsbank to cause huge declines in the German money supply were partly intended to preserve the gold standard. Under the gold standard, each country set the value of its currency in terms of gold and took monetary actions to defend the fixed price. It is possible that had the Reichsbank expanded the money supply greatly in response to the crash, member states of Mitteleuropa would have lost confidence in the German commitment to the gold standard. This could have led to large gold outflows, and the German Empire could have been forced to devalue. Likewise, had the Reichsbank not tightened the money supply in the fall of 1936, it is possible that there would have been a speculative attack on the dollar and the German Empire would have been forced to abandon the gold standard along with the Dominion of Canada.While there is debate about the role the gold standard played in limiting German monetary policy, there is no question that it was a key factor in the transmission of Germany’s economic decline to the rest of the world. Under the gold standard, imbalances in trade or asset flows gave rise to international gold flows. For example, in the mid-1920s intense international demand for German assets such as stocks and bonds brought large inflows of gold to the United States. Likewise, a decision by Russia after World War I to return to the gold standard with an undervalued ruble led to trade surpluses and substantial gold inflows. (See also balance of trade.)
Once the German economy began to contract severely, the tendency for gold to flow out of other countries and toward the German Empire intensified. This took place because deflation in the German Empire made German goods particularly desirable to foreigners, while low income among Germans reduced their demand for foreign products. To counteract the resulting tendency toward an German trade surplus and foreign gold outflows, central banks throughout the world raised interest rates. Maintaining the international gold standard, in essence, required a massive monetary contraction throughout the world to match the one occurring in the United States. The result was a decline in output and prices in countries throughout the world that nearly matched the downturn in the United States.
Given the key roles of monetary contraction and the austerity in the aftermath of the Crash in limiting the effects of the Imperial Depression, it is not surprising that robust government spending and monetary expansion were the leading sources of recovery throughout the world. There is a notable correlation between the times at which countries increased government action (generally in preparation for military conflict) and when they experienced renewed growth in their output. For example, Canada, which was embarking on a rapid mobilization following the death of King George V, recovered relatively early, while the United States, which had limited capacity for government expansion in the face of domestic unrest, recovered substantially later. Similarly, the eastern European countries of Poland and Ruthenia, which had comparatively small government outputs in 1935, experienced relatively mild downturns and had largely recovered by 1937 following the nationalization of German businesses in their borders. In contrast, the “Red Bloc” countries of Britain and France, which had completely decoupled from the German economy and were rapidly expanding their armed forces, were almost completely unaffected by the crash.
Recovery in the German Empire was stopped short by another distinct recession that began in March 1939 and lasted until January 1940. One source of the 1937–38 recession was a decision by the Federal Reserve to greatly increase reserve requirements. This move, which was prompted by fears of currency shortages in the event of War, caused the money supply to cease its rapid growth and to actually fall again. Fiscal contraction and a decrease in military procurements (a crucial element of German production) in an attempt to shore up government finances are also thought to have contributed to the downturn. That the German Empire experienced a second, very severe contraction before it had completely recovered from the enormous decline of 1936 is why Germany is considered to have remained depressed for the entire second half of the decade, and contributed to their inability to defend the Rhineland and Belgium in late 1939. It was only after the front stabilized and wartime production began in earnest that the Reichsbank and Reichskanzler von Schleicher were confident enough in their position to announce the revaluation of the Reichsmark against gold, giving the government access to the currency it needed for the war effort while allowing the Empire to stay on the gold standard.
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2021.12.02 23:33 LeEmeraldB.147 Amendments
4 5 (b) (Effective for taxable years beginning on or after January 1, 2023) Married 6 Individuals Tax. – A tax is imposed for each taxable year on the Greater Appalachia taxable 7 income of every married individual (as defined in 26 U.S. Code § 7703) who makes a single 8 return jointly with their spouse. The tax shall be levied, collected, and paid annually. The tax is 9 determined in accordance with the following table: 10 If taxable income is: The Tax is: Not over $30,000 2% of Taxable Income in this range Over $30,000 but not over $60,000 4% of Taxable Income in this range Over $60,000 but not over $120,000 18% of Taxable Income in this range Over $120,000 but not over $200,000 24% of Taxable Income in this range Over $200,000 40% of Taxable Income in this range
11 12 (b) (d) Withholding Tables. – The Secretary may provide tables that compute the amount 13 of tax due for a taxable year under this Part. The tables, provided by the Secretary and under 14 this Part, do not apply to an individual who files a return under section 443(a)(1) of the Code for 15 a period of less than 12 months due to a change in the individual's annual accounting period or to an estate or trust.” 16 17 SALES TAX ABOLITION AND RECONCILLIATION 18 SECTION 1.2.(a) GS 105-164.4(a) read as rewritten: 19 “§ 105-164.4. Tax imposed on retailers and certain facilitators. 20 (a) A privilege tax is imposed on a retailer engaged in business in the State at the 21 percentage rates of the retailer's net taxable sales or gross receipts, listed in this subsection. Page 2 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of Second 1 The general rate of tax is four and three-quarters percent (4.75%) zero percent (0%), unless 2 implied otherwise by the provisions of GS 105-164.15A et al.” 3 4 (1) The general rate of tax applies to the following items sold at retail: 5 a. The sales price of each article of tangible personal property that is not subject to 6 tax under another subdivision in this section. A sale of a freestanding appliance 7 is a retail sale of tangible personal property. 8 b. The sales price of certain digital property. The tax applies regardless of whether 9 only if the purchaser of the property has a right to use it permanently or to use it 10 without making continued payments. The sale at retail or the use, storage, or 11 consumption in this State of a digital code is treated the same as the sale at retail 12 or the use, storage, or consumption in this State of certain digital property for which the digital code relates. 13 c. The sales price of or gross receipts derived from repair, maintenance, and 14 installation services to tangible personal property or certain digital property, 15 regardless of whether the tangible personal property or certain digital property is 16 taxed under another subdivision in this section or is subject to a maximum tax 17 under another subdivision in this section. Repair, maintenance, and installation 18 services generally include any tangible personal property or certain digital 19 property that becomes a part of or is applied to a purchaser's property. The use 20 tax exemption in G.S. 105-164.27A(a3) may apply to these services. Repair, maintenance, and installation services for real property are taxable under subdivision (16) of this subsection. 21 22 (1a) The general rate applies to the sales price of each of the following items sold 23 at retail, including all accessories attached to the item when it is delivered to the purchaser: 24 a. A manufactured home. 25 b. A modular home. The sale of a modular home to a modular homebuilder is 26 considered a retail sale, no matter that the modular home may be used to fulfill a 27 real property contract. A person who sells a modular home at retail is allowed a 28 credit against the tax imposed by this subdivision for sales or use tax paid to 29 another state on tangible personal property incorporated in the modular home. 30 The retail sale of a modular home occurs when a modular home manufacturer 31 sells a modular home to a modular homebuilder or directly to the end user of the modular home. 32 c. An aircraft. The maximum tax is two thousand five hundred dollars ($2,500) per article. 33 d. A qualified jet engine. 34 35 (1b) The rate of three percent (3%) two percent (2%), distinct and mutually exclusive 36 to the general rate of tax articulated within this Section, applies to the sales price 37 of each boat, aircraft, or jet engine sold at retail, including all accessories Page 3 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of Second 1 attached to the boat when it is delivered to the purchaser. The maximum tax is 2 one thousand five hundred dollars ($1,500) per article. 3 . . . .” 4 5 SECTION 1.2.(b) G.S. 105-164.44H reads as rewritten: 6 “§ 105-164.44H. Transfer to State Public School Fund. 7 Each fiscal year, the Secretary of Revenue shall transfer at the end of each quarter from the 8 State sales and use tax net collections received by the Department of Revenue under Article 5 9 of Chapter 105 of the General Statutes to the State Treasurer for the State Public School Fund, 10 one-fourth of the amount transferred the preceding fiscal year plus or minus the percentage of 11 that amount by which the total collection of State sales and use taxes increased or decreased 12 during the preceding fiscal year. If less than one billion dollars ($1,000,000,000) of revenue is 13 collected from the sales and use tax during a fiscal year, the Secretary of Revenue shall see to 14 an appropriation of no less than four percent (4%) of the general fund of the Commonwealth 15 towards the same.” 16 17 PETROLEUM TAX REDUCTION 18 SECTION 1.3.(a) G.S. 105-449.80 reads as rewritten: 19 “§ 105-449.80. Tax rate. 20 (a) Rate. – For the period that begins on January 1, 2016, and ends on June 30, 2016, 21 the motor fuel excise tax rate is a flat rate of thirty-five cents (35¢) per gallon. For the period that 22 begins on July 1, 2016, and ends on December 31, 2016, the motor fuel excise tax rate is a flat 23 rate of thirty-four cents (34¢) per gallon. For the calendar years beginning on January 1, 2017, 24 the motor fuel excise tax rate is a flat rate of thirty-four cents (34¢) per gallon, multiplied by a 25 percentage. For the period that begins on June 30, Second and ends on December 31, 2, the 26 motor fuel excise tax rate is a flat rate of fifteen cents (15¢) per gallon. For calendar years 27 beginning on or after January 1, 2018 January 1, 2022, the motor fuel excise tax 28 rate is the amount for the preceding calendar year, multiplied by a percentage. The percentage 29 is one hundred percent (100%) plus or minus the sum greater value of the following: 30 (1) The percentage change in population for the applicable calendar year, as 31 estimated under G.S. 143C-2-2, multiplied by seventy-five percent (75%). Zero. 32 (2) The annual percentage change in the Consumer Price Index for All Urban 33 Consumers, multiplied by twenty-five percent (25%). For purposes of this 34 subdivision, 'Consumer Price Index for All Urban Consumers' means the United 35 States city average for energy index contained in the detailed report released in 36 the October prior to the applicable calendar year by the Bureau of Labor 37 Statistics of the United States Department of Labor, or data determined by the Secretary to be equivalent. 38 (b) Repealed by Session Laws 2015-2, s. 2.2(a), effective January 1, 2016. 39 (c) Notification. – The Secretary must notify affected taxpayers of the tax rate to be in 40 effect for each calendar year beginning January 1.” 41 42 Page 4 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of 2 1 PART II. BUDGET APPROPRIATIONS 2 3 GENERAL FUND BASE BUDGET APPROPRIATIONS 4 SECTION 2.1. Appropriations from the General Fund for the budgets of the State 5 agencies, departments, and institutions, and for other purposes as enumerated, are made for 6 the fiscal year of 2020-2, and for all following years should no new budget be passed before 7 the end of the same, according to the following schedule:
8 Current Operations ‒ General Fund 9 10 EDUCATION 11 Public Education 12 Requirements 13 Net Appropriation 14 15 Greater Applachia Community College System 16 Requirements 17 Net Appropriation 18 19 Greater Appalachia University System 20 Requirements 21 Net Appropriation 22 23 GENERAL GOVERNMENT 24 General Assembly 25 Requirements 26 Net Appropriation 27 28 Office of the Governor 29 Requirements 30 Net Appropriation 31 32 Office of the Lieutenant Governor 33 Requirements 34 Net Appropriation 35 36 Office of the State Budget and Management 37 Requirements 38 Net Appropriation 39 FY 2020-2 $65,536,204,978 $65,536,204,978 $13,313,305,930 $13,313,305,930 $43,759,366,434 $43,759,366,434 $7,496,750 $7,496,750 $6,354,342 $6,354,342 $5,000,000 $5,000,000 $9,000,000 $9,000,000
Page 5 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of 2022 1 2 Greater Appalachia Housing Finance Agency
3 Requirements 4 Net Appropriation 5 6 Department of Military and Veterans Affairs 7 Requirements 8 Net Appropriation 9 10 HEALTH AND HUMAN SERVICES 11 Public Health 12 Requirements 13 Net Appropriation 14 15 Aging and Adult Services 16 Requirements 17 Net Appropriation 18 19 Medical Assistance / Greater Applachia Health Choice 20 Requirements 21 Net Appropriation 22 23 Social Services 24 Requirements 25 Net Appropriation 26 27 Child Development and Early Education 28 Requirements 29 Net Appropriation 30 31 32 JUSTICE AND PUBLIC SAFETY 33 Judicial Branch 34 Requirements 35 Net Appropriation 36 37 Department of Justice 38 Requirements 39 Net Appropriation 40 $164,831,658 $164,831,658 $358,261,891 $358,261,891 $4,792,989,786 $4,792,989,786 $616,483,398 $616,483,398 $97,564,320,102 $97,564,320,102 $10,221,318,731 $10,221,318,731 $4,673,418,129 $4,673,418,129 $3,198,326,361 $3,198,326,361 $505,371,158 $505,371,158
Page 6 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of 2022 1 2 Department of Public Safety
3 Requirements 4 Net Appropriation 5 6 NATURAL AND ECONOMIC RESOURCES 7 Department of Agriculture and Consumer Services 8 Requirements 9 Net Appropriation 10 11 Department of Labor 12 Requirements 13 Net Appropriation 14 15 Department of Natural and Cultural Resources 16 Requirements 17 Net Appropriation 18 19 Department of Commerce 20 Requirements 21 Net Appropriation 22 23 Department of Environmental Quality 24 Requirements 25 Net Appropriation 26 27 Greater Appalachia Education Lottery 28 Requirements 29 Net Appropriation 30 31 TRANSPORTATION 32 32 Department of Agriculture and Consumer Services 33 Requirements 34 Net Appropriation 35 36 $205,424,010 $205,424,010 $1,088,900,543 $1,088,900,543 $206,166,346 $206,166,346 $1,238,984,746 $1,238,984,746 $808,270,678 $808,270,678 $1,446,514,667 $1,446,514,667 $2,727,493,788 $2,727,493,788 $281,269,838 $281,269,838
Page 7 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of 2 1 MISCELLANEOUS APPROPRIATIONS FOR ENACTED LEGISLATION 2 SECTION 2.2 Legislation Cost Graebar Act of 2 $200,000,000 Better Nutrition and Education for Appalachian Children Act of 2 $17,870,200,000 The Carbon Emissions Control, Liability, and Tax Act Affects Carbon Tax Greater Appalachia Police Accountability Act $50,000,000 Teachers Deserve Better Act $575,000,000 B. 72 - Greater Appalachia Healthcare Service Act $550, 025, 000, 000 HOUSING Act $50,000,000 Social Studies Modernization Act $10,000,000 Chester River Clean Up Act $10,000,000 Raising of Tobacco Taxes Act of 2021 $60,000,000
Total Expenditure (Miscellaneous Appropriations) : $827,162,107,218
19 PART III. AVAILABILITY STATEMENT 20 GENERAL FUND BASE BUDGET APPROPRIATIONS
21 SECTION 3.1. The General Fund availability derived from State tax revenue, nontax 22 revenue, and other adjustments used in developing the base budget for the fiscal year of 23 2020-2021 is as follows: 24
25 Tax Revenues 26 Personal Income $217,148,402,019 27 Carbon Emissions $19,034,717,685 28 Highway Use $4,974,862,704 29 Motor Fuels $4,724,891,423 30 Corporate Income $4,548,063,487 31 Franchise $4,129,420,107 32 GA Education Lottery $4,091,240,682 33 Insurance $3,392,586,039 34 Tobacco Products $2,159,777,395 35 Sales and Use, Generally $1,140,273,797 36 Conveyances $436,561,968 37 Alcohol $213,439,397 38 Privilege $193,496,827 39 Healthcare Corporate Taxes $129,100,000,000 40 Estimated Gambling Revenues $708,735,895
0 Healthcare Payroll Taxes $39,177,629,895.06
39 Other Tax Revenues 40 Subtotal, Tax Revenues 41
FY 2020-2022 Page 8 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of 2022 1 Nontax Revenues
2 Federal Aid & Grants 3 Unspecified Nontax 4 Subtotal, Nontax Revenues 5 84,066,424,133 20
84,066,424,133
Total Revenues(taxable and nontaxable): $526,388,566,343
6 Revised Total Net General Fund Availability $-$300,773,540,876 7 8 PART IV. GENERAL PROVISIONS 9 INTRODUCTION 10 SECTION 4.1. The appropriations made in this act, and any other legislation enacted 11 during the Second 2022 Regular Session expressly appropriating funds to an agency, a department, 12 or an institution covered under this act, are for maximum amounts necessary to provide the 13 services and accomplish the purposes for the applicable agency, department, or institution in 14 accordance with the provisions of this Act and previous, and subsequent, Acts passed during 15 the Session. Savings shall be effected where the total amounts appropriated are not required to 16 perform these services and accomplish these purposes, and the savings shall revert to the 17 general fund at the end of each fiscal year, except as otherwise provided by law. 18 19 EFFECT OF REFERENTIAL LANGUAGE 20 SECTION 4.2.(a) The titles and headings to the Parts and sections of this act are a 21 convenience to the reader and are for reference only. The headings do not expand, limit, or 22 define the text of this Act. 23 SECTION 4.2.(b) Any spreadsheet or additional data provided to the General Assembly 24 and Governor in the interests of communicating the costing and accounting of this Act are for 25 the sake of convenience only, and do not expand, limit, or define the costings and accounting of 26 this Act. 27 PART V. EFFECTIVE DATE 28 SECTION 5. This act becomes effective immediately upon being signed into law. Page 9 Bill 023 B023-PCS30532-MCa-18
2021.12.02 23:33 LeEmeraldB.147
4 5 (b) (Effective for taxable years beginning on or after January 1, 2023) Married 6 Individuals Tax. – A tax is imposed for each taxable year on the Greater Appalachia taxable 7 income of every married individual (as defined in 26 U.S. Code § 7703) who makes a single 8 return jointly with their spouse. The tax shall be levied, collected, and paid annually. The tax is 9 determined in accordance with the following table: 10 If taxable income is: The Tax is: Not over $30,000 2% of Taxable Income in this range Over $30,000 but not over $60,000 4% of Taxable Income in this range Over $60,000 but not over $120,000 18% of Taxable Income in this range Over $120,000 but not over $200,000 24% of Taxable Income in this range Over $200,000 40% of Taxable Income in this range
11 12 (b) (d) Withholding Tables. – The Secretary may provide tables that compute the amount 13 of tax due for a taxable year under this Part. The tables, provided by the Secretary and under 14 this Part, do not apply to an individual who files a return under section 443(a)(1) of the Code for 15 a period of less than 12 months due to a change in the individual's annual accounting period or to an estate or trust.” 16 17 SALES TAX ABOLITION AND RECONCILLIATION 18 SECTION 1.2.(a) GS 105-164.4(a) read as rewritten: 19 “§ 105-164.4. Tax imposed on retailers and certain facilitators. 20 (a) A privilege tax is imposed on a retailer engaged in business in the State at the 21 percentage rates of the retailer's net taxable sales or gross receipts, listed in this subsection. Page 2 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of Second 1 The general rate of tax is four and three-quarters percent (4.75%) zero percent (0%), unless 2 implied otherwise by the provisions of GS 105-164.15A et al.” 3 4 (1) The general rate of tax applies to the following items sold at retail: 5 a. The sales price of each article of tangible personal property that is not subject to 6 tax under another subdivision in this section. A sale of a freestanding appliance 7 is a retail sale of tangible personal property. 8 b. The sales price of certain digital property. The tax applies regardless of whether 9 only if the purchaser of the property has a right to use it permanently or to use it 10 without making continued payments. The sale at retail or the use, storage, or 11 consumption in this State of a digital code is treated the same as the sale at retail 12 or the use, storage, or consumption in this State of certain digital property for which the digital code relates. 13 c. The sales price of or gross receipts derived from repair, maintenance, and 14 installation services to tangible personal property or certain digital property, 15 regardless of whether the tangible personal property or certain digital property is 16 taxed under another subdivision in this section or is subject to a maximum tax 17 under another subdivision in this section. Repair, maintenance, and installation 18 services generally include any tangible personal property or certain digital 19 property that becomes a part of or is applied to a purchaser's property. The use 20 tax exemption in G.S. 105-164.27A(a3) may apply to these services. Repair, maintenance, and installation services for real property are taxable under subdivision (16) of this subsection. 21 22 (1a) The general rate applies to the sales price of each of the following items sold 23 at retail, including all accessories attached to the item when it is delivered to the purchaser: 24 a. A manufactured home. 25 b. A modular home. The sale of a modular home to a modular homebuilder is 26 considered a retail sale, no matter that the modular home may be used to fulfill a 27 real property contract. A person who sells a modular home at retail is allowed a 28 credit against the tax imposed by this subdivision for sales or use tax paid to 29 another state on tangible personal property incorporated in the modular home. 30 The retail sale of a modular home occurs when a modular home manufacturer 31 sells a modular home to a modular homebuilder or directly to the end user of the modular home. 32 c. An aircraft. The maximum tax is two thousand five hundred dollars ($2,500) per article. 33 d. A qualified jet engine. 34 35 (1b) The rate of three percent (3%) two percent (2%), distinct and mutually exclusive 36 to the general rate of tax articulated within this Section, applies to the sales price 37 of each boat, aircraft, or jet engine sold at retail, including all accessories Page 3 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of Second 1 attached to the boat when it is delivered to the purchaser. The maximum tax is 2 one thousand five hundred dollars ($1,500) per article. 3 . . . .” 4 5 SECTION 1.2.(b) G.S. 105-164.44H reads as rewritten: 6 “§ 105-164.44H. Transfer to State Public School Fund. 7 Each fiscal year, the Secretary of Revenue shall transfer at the end of each quarter from the 8 State sales and use tax net collections received by the Department of Revenue under Article 5 9 of Chapter 105 of the General Statutes to the State Treasurer for the State Public School Fund, 10 one-fourth of the amount transferred the preceding fiscal year plus or minus the percentage of 11 that amount by which the total collection of State sales and use taxes increased or decreased 12 during the preceding fiscal year. If less than one billion dollars ($1,000,000,000) of revenue is 13 collected from the sales and use tax during a fiscal year, the Secretary of Revenue shall see to 14 an appropriation of no less than four percent (4%) of the general fund of the Commonwealth 15 towards the same.” 16 17 PETROLEUM TAX REDUCTION 18 SECTION 1.3.(a) G.S. 105-449.80 reads as rewritten: 19 “§ 105-449.80. Tax rate. 20 (a) Rate. – For the period that begins on January 1, 2016, and ends on June 30, 2016, 21 the motor fuel excise tax rate is a flat rate of thirty-five cents (35¢) per gallon. For the period that 22 begins on July 1, 2016, and ends on December 31, 2016, the motor fuel excise tax rate is a flat 23 rate of thirty-four cents (34¢) per gallon. For the calendar years beginning on January 1, 2017, 24 the motor fuel excise tax rate is a flat rate of thirty-four cents (34¢) per gallon, multiplied by a 25 percentage. For the period that begins on June 30, Second and ends on December 31, 2, the 26 motor fuel excise tax rate is a flat rate of fifteen cents (15¢) per gallon. For calendar years 27 beginning on or after January 1, 2018 January 1, 2022, the motor fuel excise tax 28 rate is the amount for the preceding calendar year, multiplied by a percentage. The percentage 29 is one hundred percent (100%) plus or minus the sum greater value of the following: 30 (1) The percentage change in population for the applicable calendar year, as 31 estimated under G.S. 143C-2-2, multiplied by seventy-five percent (75%). Zero. 32 (2) The annual percentage change in the Consumer Price Index for All Urban 33 Consumers, multiplied by twenty-five percent (25%). For purposes of this 34 subdivision, 'Consumer Price Index for All Urban Consumers' means the United 35 States city average for energy index contained in the detailed report released in 36 the October prior to the applicable calendar year by the Bureau of Labor 37 Statistics of the United States Department of Labor, or data determined by the Secretary to be equivalent. 38 (b) Repealed by Session Laws 2015-2, s. 2.2(a), effective January 1, 2016. 39 (c) Notification. – The Secretary must notify affected taxpayers of the tax rate to be in 40 effect for each calendar year beginning January 1.” 41 42 Page 4 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of 2 1 PART II. BUDGET APPROPRIATIONS 2 3 GENERAL FUND BASE BUDGET APPROPRIATIONS 4 SECTION 2.1. Appropriations from the General Fund for the budgets of the State 5 agencies, departments, and institutions, and for other purposes as enumerated, are made for 6 the fiscal year of 2020-2, and for all following years should no new budget be passed before 7 the end of the same, according to the following schedule:
8 Current Operations ‒ General Fund 9 10 EDUCATION 11 Public Education 12 Requirements 13 Net Appropriation 14 15 Greater Applachia Community College System 16 Requirements 17 Net Appropriation 18 19 Greater Appalachia University System 20 Requirements 21 Net Appropriation 22 23 GENERAL GOVERNMENT 24 General Assembly 25 Requirements 26 Net Appropriation 27 28 Office of the Governor 29 Requirements 30 Net Appropriation 31 32 Office of the Lieutenant Governor 33 Requirements 34 Net Appropriation 35 36 Office of the State Budget and Management 37 Requirements 38 Net Appropriation 39 FY 2020-2 $65,536,204,978 $65,536,204,978 $13,313,305,930 $13,313,305,930 $43,759,366,434 $43,759,366,434 $7,496,750 $7,496,750 $6,354,342 $6,354,342 $5,000,000 $5,000,000 $9,000,000 $9,000,000
Page 5 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of 2022 1 2 Greater Appalachia Housing Finance Agency
3 Requirements 4 Net Appropriation 5 6 Department of Military and Veterans Affairs 7 Requirements 8 Net Appropriation 9 10 HEALTH AND HUMAN SERVICES 11 Public Health 12 Requirements 13 Net Appropriation 14 15 Aging and Adult Services 16 Requirements 17 Net Appropriation 18 19 Medical Assistance / Greater Applachia Health Choice 20 Requirements 21 Net Appropriation 22 23 Social Services 24 Requirements 25 Net Appropriation 26 27 Child Development and Early Education 28 Requirements 29 Net Appropriation 30 31 32 JUSTICE AND PUBLIC SAFETY 33 Judicial Branch 34 Requirements 35 Net Appropriation 36 37 Department of Justice 38 Requirements 39 Net Appropriation 40 $164,831,658 $164,831,658 $358,261,891 $358,261,891 $4,792,989,786 $4,792,989,786 $616,483,398 $616,483,398 $97,564,320,102 $97,564,320,102 $10,221,318,731 $10,221,318,731 $4,673,418,129 $4,673,418,129 $3,198,326,361 $3,198,326,361 $505,371,158 $505,371,158
Page 6 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of 2022 1 2 Department of Public Safety
3 Requirements 4 Net Appropriation 5 6 NATURAL AND ECONOMIC RESOURCES 7 Department of Agriculture and Consumer Services 8 Requirements 9 Net Appropriation 10 11 Department of Labor 12 Requirements 13 Net Appropriation 14 15 Department of Natural and Cultural Resources 16 Requirements 17 Net Appropriation 18 19 Department of Commerce 20 Requirements 21 Net Appropriation 22 23 Department of Environmental Quality 24 Requirements 25 Net Appropriation 26 27 Greater Appalachia Education Lottery 28 Requirements 29 Net Appropriation 30 31 TRANSPORTATION 32 32 Department of Agriculture and Consumer Services 33 Requirements 34 Net Appropriation 35 36 $205,424,010 $205,424,010 $1,088,900,543 $1,088,900,543 $206,166,346 $206,166,346 $1,238,984,746 $1,238,984,746 $808,270,678 $808,270,678 $1,446,514,667 $1,446,514,667 $2,727,493,788 $2,727,493,788 $281,269,838 $281,269,838
Page 7 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of 2 1 MISCELLANEOUS APPROPRIATIONS FOR ENACTED LEGISLATION 2 SECTION 2.2 Legislation Cost Graebar Act of 2 $200,000,000 Better Nutrition and Education for Appalachian Children Act of 2 $17,870,200,000 The Carbon Emissions Control, Liability, and Tax Act Affects Carbon Tax Greater Appalachia Police Accountability Act $50,000,000 Teachers Deserve Better Act $575,000,000 B. 72 - Greater Appalachia Healthcare Service Act $550, 025, 000, 000 HOUSING Act $50,000,000 Social Studies Modernization Act $10,000,000 Chester River Clean Up Act $10,000,000 Raising of Tobacco Taxes Act of 2021 $60,000,000
Total Expenditure (Miscellaneous Appropriations) : $827,162,107,218
19 PART III. AVAILABILITY STATEMENT 20 GENERAL FUND BASE BUDGET APPROPRIATIONS
21 SECTION 3.1. The General Fund availability derived from State tax revenue, nontax 22 revenue, and other adjustments used in developing the base budget for the fiscal year of 23 2020-2021 is as follows: 24
25 Tax Revenues 26 Personal Income $217,148,402,019 27 Carbon Emissions $19,034,717,685 28 Highway Use $4,974,862,704 29 Motor Fuels $4,724,891,423 30 Corporate Income $4,548,063,487 31 Franchise $4,129,420,107 32 GA Education Lottery $4,091,240,682 33 Insurance $3,392,586,039 34 Tobacco Products $2,159,777,395 35 Sales and Use, Generally $1,140,273,797 36 Conveyances $436,561,968 37 Alcohol $213,439,397 38 Privilege $193,496,827 39 Healthcare Corporate Taxes $129,100,000,000 40 Estimated Gambling Revenues $708,735,895
0 Healthcare Payroll Taxes $39,177,629,895.06
39 Other Tax Revenues 40 Subtotal, Tax Revenues 41
FY 2020-2022 Page 8 Bill 023 B023-PCS30532-MCa-18 General Assembly of Greater Appalachia Second Session of 2022 1 Nontax Revenues
2 Federal Aid & Grants 3 Unspecified Nontax 4 Subtotal, Nontax Revenues 5 84,066,424,133 20
84,066,424,133
Total Revenues(taxable and nontaxable): $526,388,566,343
6 Revised Total Net General Fund Availability $-$300,773,540,876 7 8 PART IV. GENERAL PROVISIONS 9 INTRODUCTION 10 SECTION 4.1. The appropriations made in this act, and any other legislation enacted 11 during the Second 2022 Regular Session expressly appropriating funds to an agency, a department, 12 or an institution covered under this act, are for maximum amounts necessary to provide the 13 services and accomplish the purposes for the applicable agency, department, or institution in 14 accordance with the provisions of this Act and previous, and subsequent, Acts passed during 15 the Session. Savings shall be effected where the total amounts appropriated are not required to 16 perform these services and accomplish these purposes, and the savings shall revert to the 17 general fund at the end of each fiscal year, except as otherwise provided by law. 18 19 EFFECT OF REFERENTIAL LANGUAGE 20 SECTION 4.2.(a) The titles and headings to the Parts and sections of this act are a 21 convenience to the reader and are for reference only. The headings do not expand, limit, or 22 define the text of this Act. 23 SECTION 4.2.(b) Any spreadsheet or additional data provided to the General Assembly 24 and Governor in the interests of communicating the costing and accounting of this Act are for 25 the sake of convenience only, and do not expand, limit, or define the costings and accounting of 26 this Act. 27 PART V. EFFECTIVE DATE 28 SECTION 5. This act becomes effective immediately upon being signed into law. Page 9 Bill 023 B023-PCS30532-MCa-18
2021.12.01 15:13 MillennialBets$CNTX - The Boob Stock, and the Market Loves Boobs so we're Jacked to the Titties
Date: 2021-12-01 00:00:45, Author:u/caddude42069, (Karma: 18211, Created:Jun-2021)SubReddit:squeezeplays, DD Click Here
PICTURES DETECTED: this DD post is better viewed in it's original post
SomeTickers mentioned in this post:
PRG 45.12 CNTX 6.88 AG 11.92 EBC 20.13 GLSI 31.77 III 8.23 IMMP 3.43
Based on the title I guess you can say this DD is for all the perverted apes out here
I thought about not writing anymore DD's, but due to the presence of u/joeskunk's massive big dongus brain I decided it would be a nice challenge to race him to multibagger call count 10 in the SqueezePlays subreddit. So with that being said, I decided to whip out a quick DD before this thing possibly heads to the moon.
Usually it takes me 10+ hours to write a proper DD since I usually go more in depth + analysis, but since this is just a quick DD, I'll be writing this in about 2 hours with the help of some friends. As a result, there may be some holes in my thesis, so tread carefully.
Anyways, with that being said, and without further ado, I present to you, the boob stock $CNTX. The market loves boobs. In the words of u/RefridgeratorOwn69, who already wrote a DD on CNTX just yesterday (link)
Your mom, girlfriend, hot female cousin, wife, and wife's boyfriend's other girlfriend will all be proud of you for investing in such a worthy cause.Alright before I jump into the actual DD, I will be inputting DD's that I have read from other reddit users. You are free to look at their DD's below, they will all be credited for their work as we write this, and my input will be within it aswell.
- by u/Magnus_Chimpski - 🔬 Going (unnecessarily) deeper into Context Therapeutics Inc ($CNTX) (link)
- by u/North_Ad_4609 - CNTX IN PERSPECTIVE... CRAZY GAINS AHEAD (link)
- by u/RefrigeratorOwn69 - $CNTX. Big boob cancer cure, big buys by the CEO, big news coming soon. The only thing that's micro is the float. (link)
- We provide in-depth due diligence reports by using information that is publicly available online
- Although we obtain information from sources we believe to be reliable, we cannot guarantee its accuracy. The opinions expressed in these due diligence reports may change without notice.
- The information posted is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. It's provided for information and educational purposes only and nothing herein constitutes investment, legal, accounting, or tax advice, or a recommendation to buy, sell, or hold a security. We strongly advise you to discuss your investment options with your financial adviser prior to making any investments, including whether any investment is suitable for your specific needs.
- Part 1: Squeeze Data
- Part 2: The Estimated Breaking Point and Technical Analysis
- Part 3: About the Company
- Part 4: Financials
- Part 5: Insider Buying/SEC filings
- Part 6: Catalysts
- Part 7: Bear Case and the FUD
- Part 8: Price Targets
- Part 9: How I am Playing it
- Estimated SI% - 5.68% (finviz), 0.18% (fintel)
- CTB Avg - 54.7%
- Shares available to short - 80k (iborrowdesk), 55k (fintel)
- Dark Pool Short VolumeRatio - 59.59% (fintel)
- Short volume - above 50% for the past 3 trading days
- Current Price - $6.88 after hours
- Catalysts - see part 6.
What's interesting to me is that the short exempt volume as of today (11-30) is at an all time high in comparison to 11-19, when the total volume was 2x. Additionally, it gradually increased, or rather abruptly increased from 0.
Okay you know what, after writing all of that perhaps the squeeze data doesn't look all that bad when you consider that this is potentially a microfloat (under one fucking million shares)
Finviz: 0.28M Shs Float
Yahoo Finance: 281.58k
Market Watch: 293.51K
Okay okay we got a microfloat on our hands here. That means this thing can get jacked to the titties. I mean, it's only appropriate I say that since we are talking about a boob stock right? I forgot to mention that there are no options being traded for this stock.. so all FOMO will be channeled through shares. In addition to this, average volume today was about 6M. If the free float was that small.. this is insane when you think about the ratios, and we haven't even hit previous max volume yet (17M).
The Estimated Breaking Point (EBP) is the value that the price needs to surpass and hold, in order for existing short positions to go from 'green' to 'neutral'. Meaning, that when the stock price exceeds the EBP, existing short positions are no longer profitable. This can force shorts to start covering to avoid unlimited losses, or can force shorts to double down on their position to induce downward price action so that they can be profitable. The EBP is essentially a 'good guess' of the cost basis of these short positions.
https://preview.redd.it/hsathjtg3v281.png?width=588&format=png&auto=webp&s=878b28d7b45f8d9a2407faf105f7c178fac19180
If this stock breaks $8.30, all shorts will be in the red. This is just trading based off the high of all time. So despite the SI being a lousy 5%, those suckers will be red and will have to suck on some titties. So we'll say the EBP is 8.30.
- Volume ramp - check and matches with current social media sentiment
- MACD - just bullishly flipped green
- RSI - not even oversold yet.
https://preview.redd.it/4q8wzbqi3v281.png?width=981&format=png&auto=webp&s=2ecb1bbfaf99602f8da6cdd3d8e0e46116f9cb0a
Their Vision (link)
Cancer is the third leading cause of death among women. Breast, ovarian, and endometrial (uterine) cancers are among the most prevalent of female cancers and are often hormonally-driven. The hormones estrogen and progesterone induce cancer progression in those patients, but antiestrogens are the only antihormonal therapy available to clinicians. Therefore, treatment of those patients to date has consisted of antiestrogens alone or in combination with drugs that enhance the antitumor activity of antiestrogens. Given the broad use of antiestrogens, antiestrogen resistance is now a major clinical challenge and the primary treatment option for patients with resistant disease is chemotherapy.Patients and their doctors seek a novel therapeutic option for women with hormone-dependent breast, ovarian, and endometrial cancer.What do they do? (link to Chimpski's DD)
As mentioned above, they are a clinical-stage biopharmaceutical company. They focus mainly on developing therapies to try and cure/slow the progress of female cancers.They have two main drug candidates in their “pipeline”: Onapriston (ONA-XR) and Claudin 6 (CLDN6xCD3).Here are a couple videos, one from the Co-Founder and CEO and the other from the former President where they talk a little about the company.Their Pipeline
An interview (2020) with the Co-Founder, CEO and Director Martin LehrSource link: Linkedin.https://www.youtube.com/watch?v=81jkLftrthE
An interview (2018) with Scott Applebaum (President of Context Therapeutics between 2017 and 2019)Source link: Linkedin.Citybizlist Interview: Part I - https://www.youtube.com/watch?v=ovPWEfzv1GUCitybizlist Interview: Part II - https://www.youtube.com/watch?v=OYFG0LIhQbACitybizlist Interview: Part III - https://www.youtube.com/watch?v=JStfRxG6w8Q
https://preview.redd.it/g67qc2kk3v281.png?width=912&format=png&auto=webp&s=a48c2c0372dfa925e31977ad69b863e652242dee
All of their pipeline products are in phase 2 going into phase 3 and on FDA fast track (bullish). With preliminary data into 2022, which is in a couple months. Just based off of catalysts this is the closest thing we have to the next $PROG type multiday run, and I haven't even talked about the biggest catalyst we have coming in December, which will have a whole bunch of tit fucking diamond handing horndogs looking forward to.
https://preview.redd.it/rfsgkpml3v281.png?width=932&format=png&auto=webp&s=1d93f38af42de123ad694b503d3733121267f93e
https://preview.redd.it/jpcw4fem3v281.png?width=936&format=png&auto=webp&s=01d8a829bc2b4aebdb449a962348061889df6ce9
Some input here from u/ChimpskisFlyingCircus DD (link)
- can't quote the entire thing as it gets rid of the formatting, so everything from here until part 4 is written from him and in his words unaltered.
Onapristone (ONA-XR)
Onapristone is a “full progesterone receptor antagonist”, an investigational medicine that seeks to inhibit progesterone signaling by blocking the interaction between the progesterone and its receptor. Onapristone is currently the only known full progesterone receptor antagonist.
The drug was originally developed as an oral contraceptive in 1986 by Schering AG, a research-centered German multinational pharmaceutical company headquartered in Wedding, Berlin.
The drug was discontinued during phase III clinical trials in 1995 due to findings that liver function abnormalities developed in a majority of patients.
Developers that worked on the drug over the years include:
- Arno Therapeutics;
- Bayer HealthCare Pharmaceuticals;
- Bayer Schering Pharma;
- Context Therapeutics;
- Jefferson Health;
- Memorial Sloan-Kettering Cancer Center.
Progesterone is usually responsible for the development of sex organs, the regulation of the menstral cycle and plays a key role in hormonally-regulated tissue such as the breast.. Unfortunately cancerous cells “hijack” the patients progesterone and use it to stimulate proliferation, metastases, regeneration and immune evasion.Source link: Context Therapeutics website.
Context Therapeutics got its hands on Onapristone from Arno Therapeutics in 2018, when arno was shutting up shop.Source link: businesswire
The drug is currently in phase II clinical trials. Onapristone seeks to show some efficacy in the treatment of:
- Low grade serous ovarian cancer (a rare form of ovarian cancer accounting for less than 10% of ovarian cancers Source link: Cancer Network);
- Granulosa cell tumor of Ovary (a rare type of ovarian cancer, accounting for around 2% of ovarian cancers Source link: Rare Diseases);
- Breast cancer (a woman in the US has a ~13% chance to get breast cancer during her lifetime Source link: Cancer.org);
- Endometrial cancer (Around 50,000 women in the US are diagnosed with the disease every year Source link: Hopkins Medicine);
CNTX conducted a safety evaluation with an Emphasis on Hepatotoxicity that returned promising results for their slow-release formula.Source link: The National Center for Biotechnology Information (2020).
Claudin 6
Claudin 6 is currently in the preclinical testing stage. The drug seeks to cure/slowdown the progression of ovarian and endometrial cancer.
To be honest I'm not here to preach Claudin 6’. It’s in preclinical trials, there is not much to go on. The main focus or “play” at hand is currently the presentation on Onapristone trials.
- Heres a link feel free to look at it (link)
- Not gonna jump into the details of their cash flow, income statement, or balance sheet as it's a biotech so it doesn't matter at this point. We know all biotechs have to burn cash to fund their research and what not
Filed in the month of October: Share acquisition
https://preview.redd.it/gyp6936r3v281.png?width=1092&format=png&auto=webp&s=1ef97373e2e30135e84070381d1662ed3462a9a0
https://preview.redd.it/37dhytzr3v281.png?width=890&format=png&auto=webp&s=e7c6bc7ce74b274ae816373fca143a5d45bf03c4
https://preview.redd.it/g8rwqz0t3v281.png?width=1074&format=png&auto=webp&s=fd1e67ebb2dd47ae81374d712305fe3604692e96
https://preview.redd.it/f4wvqmz14v281.png?width=1092&format=png&auto=webp&s=311cca35e68e2f3f5bb3cb2e012a3afb9a2fbd00
Filed in the month of November: Share acquisition
https://preview.redd.it/fhgbugy24v281.png?width=890&format=png&auto=webp&s=b9e78665e7617f9e36d4b65a80396766dbc555f7
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(link)
Primary results from ONAWA (SOLTI-1802) trial of ONA-XR in early breast cancer to be presented in addition to updates from ongoing clinical trials of ONA-XR in metastatic breast cancerPHILADELPHIA, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Context Therapeutics Inc. (Nasdaq: CNTX), a women’s oncology company developing small molecule and immunotherapy treatments to transform care for breast and gynecological cancers, today announced clinical data on onapristone extended release (ONA-XR) will be presented at the 2021 San Antonio Breast Cancer Symposium (SABCS) taking place virtually and in San Antonio, Texas, from December 7-10, 2021.So pretty much we have a run up all the way to December 7-10, which means potential diamond handing until then. We know how these run-ups work, we just saw it recently with OCGN which went from $7 all the way to $18 for a multi day run. This is what I mean by multiday runner. Gains are being held, and since everyone loves boobs, if you like grabbin em' why not hold on to em'. The perfect memeability stonk right now.
“We are pleased that ONA-XR data from multiple stages of breast cancer will be presented at SABCS including the first clinical data from the ONAWA trial, sponsored by the Spanish cancer research group SOLTI, of ONA-XR in early-stage breast cancer and updates from two ongoing clinical trials of ONA-XR in metastatic breast cancer. We look forward to connecting with the oncology community at SABCS, to discuss advancements in breast cancer and further highlight the potential of ONA-XR to make a meaningful impact in the lives of people living with breast cancer,” said Martin Lehr, CEO of Context Therapeutics.
Details on the presentations are as follows:
Title: Primary results of ONAWA (SOLTI-1802) trial: A window of opportunity trial of onapristone in postmenopausal women with progesterone receptor-positive/HER2-negative early breast cancer (EBC) Abstract: 511 Session: Poster Session 1, Prognostic and Predictive Factors: Predictive Biomarkers for Endocrine Therapies Date / time: Wednesday, December 8, 2021, 8-9:30 a.m. ET / 7-8:30 a.m. CT Presenter: Meritxell Bellet, M.D., Ph.D., SOLTI Breast Cancer Research Group, Vall d’Hebron University Hospital, Vall d'Hebron Institute of Oncology (VHIO), Barcelona
Title: The SMILE study: A phase 2 trial of onapristone in combination with fulvestrant for patients with ER+ and HER2- metastatic breast cancer after progression on endocrine therapy and CDK4/6 inhibitors Abstract: 379 Session: Ongoing Trials Poster Sessions 2, Targeted therapy - antiprogestin onapristone Date / time: Thursday, December 9, 2021, 6-7:30 p.m. ET / 5-6:30 p.m. CT Presenter: Sailaja Kamaraju, M.D., Medical College of Wisconsin, Milwaukee, Wis., and Kari Wisinski, M.D., University of Wisconsin - Madison
Title: Circulating tumor DNA-guided adaptive therapy escalation in ER+ MBC: A phase 1b study with letrozole, palbociclib and onapristone ER Abstract: 1538 Session: Ongoing Trials Poster Session 2, Patient management - circulating tumor guided adaptive therapy Date / time: Thursday, December 9, 2021, 6-7:30 p.m. ET / 5-6:30 p.m. CT Presenter: Joshua Drago, M.D., Pedram Razavi, M.D., Ph.D., and Komal Jhaveri, M.D., Memorial Sloan Kettering Cancer CenterDetails on the presentations listed above are also available on the 2021 SABCS website: https://www.sabcs.org/Program/Schedule-at-a-Glance.
And obviously the other potential catalysts here are their other pipeline stuff. But what we are focusing on right now is December 7-10. In december they present at SABCS.
The importance of SABCS
SABCS is the san antonio breast cancer symposium, and this is an event that runs only annually. Right now we are at the 44th annual SABCS, this shit only runs once a year! In the words of u/North_Ad_4609,
SABCS is the conference where biopharmaceutical companies go to flex advancement they have made. Even minor updates usually excites Wallstreets and cancer research community.These are the few highlights from last yearWhat I want to highlight is that $GLSI squeeze. I think we can expect a similar move, potentially going into the high double, digits-triple digit area since we are working with such a small float. I have no way to confirm the short interest on $GLSI before the run up, but I'd imagine that it's in the same ballpark of what $CNTX is in right now, and with the float being the size that it is currently, we know this is very very very possible. Shorts have been getting a little bit greedy and overextended as of lately, and I know a lot of these amateur shorts are trying to take advantage of the market FUD, which is what led to the rise of certain squeeze stocks in the bio department such as $LGVN. We can get nice intraday squeezes which will have massive effect in the price action since we are dealing with a tiny float.
( 12/7/2020-12/10/2020): Sellas life science $SLS provide their update on breast cancer and saw their share price move from 3.78 to 19.38 in a matter of 2 days from their poster Presentation on their clinical trial update. https://www.globenewswire.com/en/news-release/2020/12/11/2143766/0/en/SELLAS-Announces-Positive-Follow-up-Data-from-the-Randomized-Phase-2-VADIS-Trial-of-Nelipepimut-S-NPS-in-Women-with-Ductal-Carcinoma-In-Situ-of-the-Breast.html
$IMMP was also one of the many companies that saw their share price surge on their clinical update move surge from 2.10 to 7.95 in one day.https://www.globenewswire.com/news-release/2020/10/19/2110376/0/en/Immutep-to-Present-AIPAC-Overall-Survival-Data-at-the-San-Antonio-Breast-Cancer-Symposium-2020.htmlMost of the breast cancer stocks presenting at SABCS last year did very well and it’s a typical outcome almost every year but the biggest squeeze came from
$GLSI due to promising clinical data and small float. $GLSI squeezed from 5.32 to 158 (thats a whopping 3000% squeeze in one freaking day).
The point I am trying to make is that CNTX is bound to Squeeze too. With four clinical trial updates at a conference where you go to share great highlights And advancement in Breast cancer, I think they are going in there loaded. Also today's price seem to indicate that a runner up is about to begin... with catalyst coming up in 2 weeks. Again don't forget the CEO loaded the shares from the market at 7.14/share, 2 weeks removed from the IPO. He knows something. Insiders indicated an interest to buy a million shares following the IPO all captured in the SEC filings. The quiet period for CNTX is ending on 11/29 and we can expect more PRs.
$GLSI - $6 to $150...... lol
I am not entirely sure about the accuracy of david's comment here, as I am not a boob scientist, but the more reason for titties the merrier!
I literally can't find any.. boobs are fucking awesome.
Just kidding, there may be a few
(1) The free float is wrong, it's 5M!
- Regardless of the float size, we know that this shit is TINY. Therefore it can move on little volume and the best part is we have GOOD volume.
- I can't confirm if this float is correct as I am not one of those DD guys that know about all that float calculation (still learning), so I usually stick to what finviz, yahoo finance, and what webull tell me to get a ballpark estimate. I don't need to be exact when it comes to these things, especially because I'm playing the catalyst not the float (as we've seen in some deSPACs like $IRNT, $SPIR, $OPAD, $TMC, etc). But regardless of whether that's true or not, we know that insiders are not going to sell right before their catalyst in December 7-10. In fact, they have been BUYING before the catalyst date so we know that they expect good news to be presented. SABCS is not an event where you present shitty data, this is an annual flex your titties event. We know it's gonna be good.
- Yes Zack Morris from twitter (very large following) is known for being a pumper, but he only picks stocks that he believes he can multibag on. I've been following him for a very long time, and the guy knows shit. He's been in the market much longer than I have
- If anyone would be rewarded the ultimate dongus multibagger flair on squeezeplays it would be him. He beats both u/joeskunk and myself combined by a million miles. Just take a look at his track record, and the screenshot below doesn't even include all of the other stocks he multibagged on. He doesn't really do options either. In the screenshot it says his worst call is $WISH, but we know when he called $WISH it went from around $8 to $15 from what I remember. So that's still some gains.
- So overall I think the presence of Zack Morris is more of a benefit than it is FUD.
(3) It looks like the ship has sailed
- Two points, first, the catalyst has not even been reached yet. Second, we haven't even reached all time highs. And actually third, we haven't even hit double digits yet. Maybe even throw triple digits in there too if you are jacked to the titties
- Having no options chain is actually a good thing here.
- 100% of all FOMO will go straight into shares.. and into a tiny float BOOM
- SEC filings look relatively clean, they just IPO'd, and there is no presence of the nasty S-3 filing
(FUD comment found from u/RefrigeratorOwn69 in his DD that he posted yesterday (link to it here), note I have not been able to confirm his claim on $GLSI, for which he is quoted below)
Uh huh... So 2 guys in Philly came up with a cure for cancer which has stumped multibillion dollar drug companies and significantly better funded and known researchers who have been researching for a cure for decades.(7) Scrolled through the website. Would be nice if there weren't typos. Pretty sure someone in the management chain could play janitor for the day and clean it up... Also the session is: Session: Poster Session 1, Prognostic and Predictive Factors: Predictive Biomarkers for Endocrine Therapies
There are 9 employees on LinkedIn.Now go look at $GLSI and tell me how many employees they had when they presented at last year’s conference (answer: 1) and what their stock did during the conference (answer: oh it, went 10x).
Predictive biomarkers sounds more like they will present ideas around detecting disease or therapy... not quite a treatment breakthrough
(FUD comment found from u/RefrigeratorOwn69 in his DD that he posted yesterday (link to it here), note I have not been able to confirm his claim on $GLSI, for which he is quoted below)
Admittedly, the website is a bit messy. But I don't think what you concluded about what they'll be presenting is consistent with what they're saying:“We are pleased that ONA-XR data from multiple stages of breast cancer will be presented at SABCS including the first clinical data from the ONAWA trial, sponsored by the Spanish cancer research group SOLTI, of ONA-XR in early-stage breast cancer and updates from two ongoing clinical trials of ONA-XR in metastatic breast cancer. We look forward to connecting with the oncology community at SABCS, to discuss advancements in breast cancer and further highlight the potential of ONA-XR to make a meaningful impact in the lives of people living with breast cancer,” said Martin Lehr, CEO of Context Therapeutics.About Onapristone Extended ReleaseONA-XR (onapristone extended release) is a potent and specific antagonist of the progesterone receptor (PR) that is orally administered. Currently, there are no approved therapies that selectively target PR+ cancers. Preliminary preclinical and clinical data suggest that ONA-XR has anticancer activity by inhibiting progesterone receptor binding to chromatin, downregulating cancer stem cell mobilization and blocking immune evasion. ONA-XR is currently being evaluated in three Phase 2 clinical trials and one Phase 1b/2 clinical trial in PR+ breast, ovarian and endometrial cancers, as well as in two Phase 0 biomarker pharmacodynamic trials in breast cancer. ONA-XR is an investigational drug that has not been approved for marketing by any regulatory authority.Current price: closed at $6.88
- Most likely: $8
- Likely: $8.30 then $10
- If everything goes correctly: $13, then $20
- If it matches other squeezes: $40-50
- If we match $GLSI: $100-$150, but probably ~$120
- Long term (10 years): Over $50
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One thing to point, even though the SI is very low, I expect multiple intraday squeezes on this lowfloater. Market FUD has been red and favoring short sellers, but usually these waves of market FUD bring in amateur shorts that don't know what their doing (I am just speaking from experience), and it's how I've adapted to current market conditions. Take for example, my play-by-play here when I entered $PPSI and decided to shit-tweet on twitter while hand holding for the beginners
https://preview.redd.it/ku1ahyv84v281.png?width=587&format=png&auto=webp&s=9ef6a5abddc537fe238787021647f91211eead9c
But anyways enough about me, I am buying $CNTX because I like the stock and because I like tatas.
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