lost
$Futu Holdings Ltd(FUTU.US$
what should I do? buy more or hold
what should I do? buy more or hold
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Conor M : It will go up long term. Depends on how you feel about alternatives. I am long $$Futu Holdings Ltd (FUTU.US)$
102679312 : Why do you think FUTU went down despite its good earning report? Could it be due to Tencent?
709877391 102679312 : I would say because the fed meeting today but most stocks seemed to rebound before the day ended.. I just wish I waited before I bought extra shares I got those 2 high
GareyYeo 浆糊中人 : You probably have to take into the effect of growth here. Non of those big tech that you’ve listed are growing at >50% naturally the p/e (TTM) would be higher for $FUTU
101732647 OP : looking the the earnings from q4 is outstanding. but unlikely to be sustainable. just thought the markert would ride on the news.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
GareyYeo 浆糊中人 : That’s the thing about growth investing, nothing is for certain. Consc estimates for futu in 21e and 22e is >100%/>55% for the bottom line. But I’m not here to argue. My point is, if you’re thinking of making a comps, you should consider names with similar business profile or industry. A comparison with IBKR, TIGR, SCHW would make a better sense. Cheers
102679312 : Not sure too. FUTU beat expected EPS of 0.09 by 0.07, with an actual EPS of 0.16. Should be seen as good news. Perhaps the investor bought on rumors and sold on news. The above expectation results had already been factored into the price and now they are just taking profit.
Considering that this is a brokerage company, you can compare the trend with other brokerage companies, TD Ameritrade, Tiger broker, etc. They look relatively similar. And probably because of Powell's speech, the market started pulling cash out.
After Powell's speech yesterday, the stock market is expected to be bullish for the remainder of this month. So I'll probably hold for the short term, or add to high conviction stocks.
Yumi666 : I'm holding
Mercado : just get sell what you got and buy back on dip
HoneyBadger : I believe this is a good investment long term. It will come back up. I'm holding.
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