mark01bravz
commented on
Yesterday, Elon Musk asked Twitter users to decide whether he should sell more than $20bn worth of his Tesla shares and pay tax.
The Tesla CEO said he would "abide by the results of this poll, whichever way it goes".
And the final result is "Yes"
But wait, why did he want to sell Tesla shares
There are two obvious reasons
1. He needs money
Musk doesn't accept a cash salary from Tesla. His compensation package entitles him to stock awards.
Musk was awarded options in 2012 as part of a compensation plan. The 2012 award was for 22.8 million shares at a strike price of $6.24 per share. Tesla shares closed at $1,222.09 on Friday, meaning his gain on the shares totals just under $28 billion.
The options expire in August of next year. Yet in order to exercise them, Musk has to pay the income tax on the gain. The total tax bill on his options, at the current price, would be $15 billion.
Therefore, Musk has to sell Tesla shares to make money.
2. Tax rates may increase
If Musk were to sell stock, now could be a good time.
The current top tax rate on long-term capital gains is 23.8%, but Congress has been considering raising it. Changes in capital-gains tax rates often take effect immediately, to prevent gamesmanship.
Musk previously blasted a proposed tax on billionaires that would have subjected some holdings of about 700 Americans to annual capital-gains taxes on increases in value.
Will Tesla's share price fall?
- On the FTX crypto exchange Sunday afternoon, Tesla tokens have traded for $1,127, or 7.8% below where the real stock closed on Nov. 5.
- Musk's brother Kimbal Musk on Friday sold 88,500 Tesla shares, becoming the latest board member to offload a large number of Tesla stocks which hit record highs.
- Since CEOs have limited windows in which to sell stock, and Musk would likely want to stagger the sales over at least two quarters, analysts and tax experts have been expecting Musk to start selling in the fourth quarter of 2021.
Will Tesla's share price fall??
The Tesla CEO said he would "abide by the results of this poll, whichever way it goes".
And the final result is "Yes"
But wait, why did he want to sell Tesla shares
There are two obvious reasons
1. He needs money
Musk doesn't accept a cash salary from Tesla. His compensation package entitles him to stock awards.
Musk was awarded options in 2012 as part of a compensation plan. The 2012 award was for 22.8 million shares at a strike price of $6.24 per share. Tesla shares closed at $1,222.09 on Friday, meaning his gain on the shares totals just under $28 billion.
The options expire in August of next year. Yet in order to exercise them, Musk has to pay the income tax on the gain. The total tax bill on his options, at the current price, would be $15 billion.
Therefore, Musk has to sell Tesla shares to make money.
2. Tax rates may increase
If Musk were to sell stock, now could be a good time.
The current top tax rate on long-term capital gains is 23.8%, but Congress has been considering raising it. Changes in capital-gains tax rates often take effect immediately, to prevent gamesmanship.
Musk previously blasted a proposed tax on billionaires that would have subjected some holdings of about 700 Americans to annual capital-gains taxes on increases in value.
Will Tesla's share price fall?
- On the FTX crypto exchange Sunday afternoon, Tesla tokens have traded for $1,127, or 7.8% below where the real stock closed on Nov. 5.
- Musk's brother Kimbal Musk on Friday sold 88,500 Tesla shares, becoming the latest board member to offload a large number of Tesla stocks which hit record highs.
- Since CEOs have limited windows in which to sell stock, and Musk would likely want to stagger the sales over at least two quarters, analysts and tax experts have been expecting Musk to start selling in the fourth quarter of 2021.
Will Tesla's share price fall??
+3
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mark01bravz
commented on
mark01bravz
commented on and voted
Spoiler:
At the end of this post, there is a chance for you to win points!
Happy Monday mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ: Buzzing Stocks List & Mooers Comments
Every major index moved higher last week. Here is the weekly buzzing stock list of last week:
1. CEI - Buzzing Stars: ⭐⭐⭐⭐⭐
CEI finally closed at $1.370 last week after declining 19.88%. According to Kerrisdale Capital, this company is a defunct oil producer that has not filed financial statements with the SEC since Q3 of 2020, which could also lead to a delisting.
● Mooers comment
@khim khim: $Camber Energy (CEI.US)$ current situation of holding and buying looking good.
@GC Empire: $Camber Energy (CEI.US)$ be optimistic but don’t be too optimistic! just fingers crossed and hold!!!!!
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
Shares of AMC gained 9.55% to $40.740 last week, being the first time since the end of September that the stock had finished higher than $40.00 at the closing bell.
● Mooers comment
@MindOverMatter: $AMC Entertainment (AMC.US)$
@Selinna Puliston: $AMC Entertainment (AMC.US)$ Fasten your seatbelt.Fly to the moon
3. TSLA - Buzzing Stars:⭐⭐⭐⭐
TSLA stock closed at $843.030 with a weekly rise of 7.33%, extending its recent surge to an eight-month high last Friday. This electric vehicle giant prepares to release its quarterly results, and Jefferies analyst Philippe Houchois raised the price target from $850 to $950.
Besides, Elon Musk now worth more than Warren Buffett and Bill Gates combined thanks to strong Tesla, SpaceX.
● Mooers comment
@gooup8: $Tesla (TSLA.US)$ Tesla launched 66 new super charging stations and 10 super charging stations this week
In case you missed:
@moo_Live: Tesla Q3 2021 Earnings Conference Call
4. OCGN - Buzzing Stars: ⭐⭐⭐⭐
:In recent days, Ocugen shares have begun to pick up speed. The stock price closed at $8.660 after gaining 22.49% last week, driven by optimism on OCGN about a possible World Health Organization authorization.
● Mooers comment
@PurnenduP: WHO Approval
This is bound to get approval . 50% of India’s 1.4 billion population (700 million ) people have received this vaccine… Read more..
5. C6L - Buzzing Stars:⭐⭐⭐
As Singapore is set to expand its quarantine-free vaccinated travel lane scheme, Singapore Airlines share price soared 8.19% and closed at $5.550 last week.
● Mooers comment
@上了贼船888: $SIA (C6L.SG)$ I support Singapore Airlines, because it represents hope, and when it flies high, it also means that people all over the world can fly freely, so no matter how long it takes, you can't give up.
@hp786d: $SIA (C6L.SG)$
6. AAPL - Buzzing Stars: ⭐⭐⭐
Despite Bloomberg reported that Apple could slash projected iPhone 13 production targets by up to 10 million units for 2021, AAPL stock was up 1.36% last week, and its price closed at $144.840.
● Mooers comment
@moo_Live: Apple Event October 2021
7. PROG - Buzzing Stars:⭐⭐⭐
PROG shares soared 58.52% to $2.140 last week after a post recently went viral on the subreddit /shortsqueeze talking about the company being a short squeeze opportunity.
8. BABA - Buzzing Stars:⭐⭐⭐
BABA stock closed at $168.000 with a weekly increase of 4.01% with the news of Charlie Munger (Warren Buffet's right-hand man) having majorly increased his firm's holding in BABA in the last quarter.
● Mooers comment
@PREMOSULTRAA: $Alibaba (BABA.US)$ reversed into an uptrend on Oct. 5 after reacting to a bullish double bottom pattern on the daily chart. The stock inclined over 20% and through two resistance levels before bumping into a higher resistance zone on Oct. 11 near the $170 level and rejecting the area. Read more...
9. BBIG - Buzzing Stars:⭐⭐⭐
BBIG stock was up 64.27% to $8.230 over the past week after this company filed a form 8-K with the U.S. Securities and Exchange Commission, indicating that all four proposals on the agenda for its shareholder meeting were approved. These proposals include electing new directors and confirming a new public accounting firm.
● Mooers comment
@extra pocket money: $Vinco Ventures (BBIG.US)$ Not bad already, considering my track record. Let's see how it goes next week.
10. NIO - Buzzing Stars: ⭐⭐
NIO shares were up 5.25% to $37.710 last week following reports suggesting the company said it would be able to double annual production capacity at its Hefei facility in 2022.
● Mooers comment
@huatSG: $NIO Inc (NIO.US)$ nio day bring fwd 1 month earlier!
Thanks for your reading!
Awarding Moment
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
@HopeAlways @VCSuccess @Jia Yung @Tupack H Mcsnacks @GratefulPanda @GlenPeh @pennypincher @Mars Mooo @Upncoming1841 @Laughing Dollars @PirateyAhoy @71505958 @Syuee @GT1982
We really appreciate your great insights! Read the top comments last week!
Notice: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Part Ⅲ: Weekly Topic
Time to be rewarded for your great insights and knowledge!
This week, we'd like to invite you to comment below and share your view on:
""How do you deal with risks in investing?"
We will select 20 TOP COMMENTS by next Monday.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Top Comment Technique:
● Fundamental / Technical / Capital Analyses
● Personal Trading Experience
● Any bright insights or knowledge
Previous of WeeklyBuzz
Weekly Buzz: "I'm not mad. I'm just disappointed."
Weekly Buzz: Doraemon met moomoo figurines.
Weekly Buzz: The level of rich I wanna be.
Disclaimer: Comments below are made available for informational purposes only. Before investing, please consult a licensed professional.
At the end of this post, there is a chance for you to win points!
Happy Monday mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ: Buzzing Stocks List & Mooers Comments
Every major index moved higher last week. Here is the weekly buzzing stock list of last week:
1. CEI - Buzzing Stars: ⭐⭐⭐⭐⭐
CEI finally closed at $1.370 last week after declining 19.88%. According to Kerrisdale Capital, this company is a defunct oil producer that has not filed financial statements with the SEC since Q3 of 2020, which could also lead to a delisting.
● Mooers comment
@khim khim: $Camber Energy (CEI.US)$ current situation of holding and buying looking good.
@GC Empire: $Camber Energy (CEI.US)$ be optimistic but don’t be too optimistic! just fingers crossed and hold!!!!!
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
Shares of AMC gained 9.55% to $40.740 last week, being the first time since the end of September that the stock had finished higher than $40.00 at the closing bell.
● Mooers comment
@MindOverMatter: $AMC Entertainment (AMC.US)$
@Selinna Puliston: $AMC Entertainment (AMC.US)$ Fasten your seatbelt.Fly to the moon
3. TSLA - Buzzing Stars:⭐⭐⭐⭐
TSLA stock closed at $843.030 with a weekly rise of 7.33%, extending its recent surge to an eight-month high last Friday. This electric vehicle giant prepares to release its quarterly results, and Jefferies analyst Philippe Houchois raised the price target from $850 to $950.
Besides, Elon Musk now worth more than Warren Buffett and Bill Gates combined thanks to strong Tesla, SpaceX.
● Mooers comment
@gooup8: $Tesla (TSLA.US)$ Tesla launched 66 new super charging stations and 10 super charging stations this week
In case you missed:
@moo_Live: Tesla Q3 2021 Earnings Conference Call
4. OCGN - Buzzing Stars: ⭐⭐⭐⭐
:In recent days, Ocugen shares have begun to pick up speed. The stock price closed at $8.660 after gaining 22.49% last week, driven by optimism on OCGN about a possible World Health Organization authorization.
● Mooers comment
@PurnenduP: WHO Approval
This is bound to get approval . 50% of India’s 1.4 billion population (700 million ) people have received this vaccine… Read more..
5. C6L - Buzzing Stars:⭐⭐⭐
As Singapore is set to expand its quarantine-free vaccinated travel lane scheme, Singapore Airlines share price soared 8.19% and closed at $5.550 last week.
● Mooers comment
@上了贼船888: $SIA (C6L.SG)$ I support Singapore Airlines, because it represents hope, and when it flies high, it also means that people all over the world can fly freely, so no matter how long it takes, you can't give up.
@hp786d: $SIA (C6L.SG)$
6. AAPL - Buzzing Stars: ⭐⭐⭐
Despite Bloomberg reported that Apple could slash projected iPhone 13 production targets by up to 10 million units for 2021, AAPL stock was up 1.36% last week, and its price closed at $144.840.
● Mooers comment
@moo_Live: Apple Event October 2021
7. PROG - Buzzing Stars:⭐⭐⭐
PROG shares soared 58.52% to $2.140 last week after a post recently went viral on the subreddit /shortsqueeze talking about the company being a short squeeze opportunity.
8. BABA - Buzzing Stars:⭐⭐⭐
BABA stock closed at $168.000 with a weekly increase of 4.01% with the news of Charlie Munger (Warren Buffet's right-hand man) having majorly increased his firm's holding in BABA in the last quarter.
● Mooers comment
@PREMOSULTRAA: $Alibaba (BABA.US)$ reversed into an uptrend on Oct. 5 after reacting to a bullish double bottom pattern on the daily chart. The stock inclined over 20% and through two resistance levels before bumping into a higher resistance zone on Oct. 11 near the $170 level and rejecting the area. Read more...
9. BBIG - Buzzing Stars:⭐⭐⭐
BBIG stock was up 64.27% to $8.230 over the past week after this company filed a form 8-K with the U.S. Securities and Exchange Commission, indicating that all four proposals on the agenda for its shareholder meeting were approved. These proposals include electing new directors and confirming a new public accounting firm.
● Mooers comment
@extra pocket money: $Vinco Ventures (BBIG.US)$ Not bad already, considering my track record. Let's see how it goes next week.
10. NIO - Buzzing Stars: ⭐⭐
NIO shares were up 5.25% to $37.710 last week following reports suggesting the company said it would be able to double annual production capacity at its Hefei facility in 2022.
● Mooers comment
@huatSG: $NIO Inc (NIO.US)$ nio day bring fwd 1 month earlier!
Thanks for your reading!
Awarding Moment
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
@HopeAlways @VCSuccess @Jia Yung @Tupack H Mcsnacks @GratefulPanda @GlenPeh @pennypincher @Mars Mooo @Upncoming1841 @Laughing Dollars @PirateyAhoy @71505958 @Syuee @GT1982
We really appreciate your great insights! Read the top comments last week!
Notice: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Part Ⅲ: Weekly Topic
Time to be rewarded for your great insights and knowledge!
This week, we'd like to invite you to comment below and share your view on:
""How do you deal with risks in investing?"
We will select 20 TOP COMMENTS by next Monday.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Top Comment Technique:
● Fundamental / Technical / Capital Analyses
● Personal Trading Experience
● Any bright insights or knowledge
Previous of WeeklyBuzz
Weekly Buzz: "I'm not mad. I'm just disappointed."
Weekly Buzz: Doraemon met moomoo figurines.
Weekly Buzz: The level of rich I wanna be.
Disclaimer: Comments below are made available for informational purposes only. Before investing, please consult a licensed professional.
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mark01bravz
liked
Innovative new game by moomoo. pretty fun to play
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mark01bravz
liked
Daily Poll: A mutually beneficial relationship? PayPal (PayPal) and Pinterest. payment system $PayPal (PYPL.US)$Negotiations are underway to acquire a social media platform $Pinterest (PINS.US)$. The deal, estimated at $40 billion, will allow PayPal to access Pinterest's social media network and further solidify it in e-commerce space. However, some investors and analysts were skeptical about this potential acquisition, which soon showed up in the share price. Shares of $PayPal (PYPL.US)$It fell 5.9% to $15.15 to $243.21. Prior to that, Wednesday's decline was 4.9%. PayPal lost more than $30 billion in market value. $Pinterest (PINS.US)$It fell 2.1%. They had already jumped 13% on Wednesday. Pinterest has less track record in e-commerce. It earns most of its revenue from advertising rather than shopping. PayPal will have to spend resources to help Pinterest become a commerce platform, while also integrating it with PayPal's other assets. Similar motivations are $Block (SQ.US)$$29 billion transaction $Afterpay Ltd. (AFTPF.US)$. Square announced in August that it plans to buy the buy now pay later company. In that deal, Square's Cash App will integrate with Afterpay and launch more than 70 million to exchange items that app users may want to buy at AfterPay merchants for cash. This deal seems much more ideal than the former. But who knows? Perhaps PayPal's management saw some potential in this deal. Let's go get some popcorn and see what they do. Source: PayPal shares fall after Pinterest News negotiations
Translated
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mark01bravz
liked
As the 3rd quarter of 2021 has come to an end, I wish to use this opportunity to re-visit my investment fundamentals.
No. 1: Cash is King
No. 2: Debt is bad
No. 3: A clear understanding of Time Horizon is key
My time horizon dictates how much risk can prudently be taken within my portfolio. It also keeps rough market conditions in perspective. It’s irresponsible to invest without having a clear understanding of when I need to use the money.
No. 4: Dollar-cost averaging keeps my emotions in check
DCA is the process of routinely adding money to investments at regular intervals. The benefit of setting up automated, routine contributions to my investment accounts is that it helps eliminate emotions from my process. It eliminates the desire to time the market, and it also increases my ability to build wealth over time.
No. 5: Re-balancing allows me to make money without much effort
The act of re-balancing is when I try to adjust the weightings of my portfolio as investment values go up and down to maintain their original asset allocation based on risk tolerance. Re-balancing allows me to sell the positions that went up in value, while simultaneously adding to the positions that went down.
No. 6: Diversification is the only free lunch in investing
There is a tendency for me to find, and pile into, “the hot investment”. This is great while things are going well, but all companies, sectors and industries go through cycles.
The best way to protect my portfolio from this risk of over-concentration in one market segment is to have a policy of diversifying across many asset classes.
No. 7: Conservative bonds
When the market is soaring, many investors won’t even look at high-quality fixed income. They serve as a cushion that allows investors to withdraw funds from assets that didn’t plummet in value during a market correction. Lastly, there are rebalancing opportunities when stocks fall in price and the highest-rated bonds appreciate. I wish to add conservative bonds in Q4 as a core element of my investment strategy.
No. 8: High returns = a high level of risk
When the economic conditions turn, I soon realize that high expected returns could mean a higher level of risk. The bottom line is if I want to potentially achieve high returns, I need to be willing to take a high level of risk. It’s important for me to go into every opportunity with both my eyes wide open.
No. 9: Boring over exciting could be the right approach
I often confuse an exciting idea with a good investment opportunity. Excitement may be generated from the latest fad or an exclusive deal. These “opportunities” are, more often than not, being sold on the hype and not on their fundamentals.
If I want to avoid being lured into one of these situations, then I need to pursue an approach of sticking with plain vanilla - boring investments. This may be a combination of blue-chip stocks, index funds or high-grade bonds.
No. 10: Once I win the game, stop playing
The stock market can be addictive, especially if one have accumulated a substantial level of wealth. It’s important to understand that the main purpose of investing is for one to be able to achieve our financial goals. Once I reach that magic number, there is no reason to continue to put that money at risk.
The silver lining of a severe market downturn is that it causes me to reflect on the decisions I’ve made during the good times. However, if I stay true to the principles, it should increase my chances of success in the long run.
Last but not least: Never Stop Learning
I am currently studying and reading up on some new courses at @moomoo Courses
Good luck to all. Let’s hope for a better Q4!
$Cisco (CSCO.US)$ $Cloudflare (NET.US)$ $Meta Platforms (FB.US)$ $Adobe (ADBE.US)$ $Splunk (SPLK.US)$ $Apple (AAPL.US)$ $Ishares Trust Core Short-Term Us Bd Etf (ISTB.US)$ $Thermo Fisher Scientific (TMO.US)$ $NVIDIA (NVDA.US)$ $Taiwan Semiconductor (TSM.US)$ $Applied Materials (AMAT.US)$ $Intuitive Surgical (ISRG.US)$ $Fiverr International (FVRR.US)$ $Disney (DIS.US)$ $Futu Holdings Ltd (FUTU.US)$ $Hang Seng Index (800000.HK)$ $iShares Core S&P 500 ETF (IVV.US)$ $iShares Core S&P 500 ETF (IVV.US)$ $Vanguard Total Bond Market ETF (BND.US)$ $Ishares Trust Core Total Usd Bd Mkt (IUSB.US)$ $Dow Jones Industrial Average (.DJI.US)$ $SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL.US)$ $Pimco Etf Trust Enhanced Short Maturity Etf (MINT.US)$
No. 1: Cash is King
No. 2: Debt is bad
No. 3: A clear understanding of Time Horizon is key
My time horizon dictates how much risk can prudently be taken within my portfolio. It also keeps rough market conditions in perspective. It’s irresponsible to invest without having a clear understanding of when I need to use the money.
No. 4: Dollar-cost averaging keeps my emotions in check
DCA is the process of routinely adding money to investments at regular intervals. The benefit of setting up automated, routine contributions to my investment accounts is that it helps eliminate emotions from my process. It eliminates the desire to time the market, and it also increases my ability to build wealth over time.
No. 5: Re-balancing allows me to make money without much effort
The act of re-balancing is when I try to adjust the weightings of my portfolio as investment values go up and down to maintain their original asset allocation based on risk tolerance. Re-balancing allows me to sell the positions that went up in value, while simultaneously adding to the positions that went down.
No. 6: Diversification is the only free lunch in investing
There is a tendency for me to find, and pile into, “the hot investment”. This is great while things are going well, but all companies, sectors and industries go through cycles.
The best way to protect my portfolio from this risk of over-concentration in one market segment is to have a policy of diversifying across many asset classes.
No. 7: Conservative bonds
When the market is soaring, many investors won’t even look at high-quality fixed income. They serve as a cushion that allows investors to withdraw funds from assets that didn’t plummet in value during a market correction. Lastly, there are rebalancing opportunities when stocks fall in price and the highest-rated bonds appreciate. I wish to add conservative bonds in Q4 as a core element of my investment strategy.
No. 8: High returns = a high level of risk
When the economic conditions turn, I soon realize that high expected returns could mean a higher level of risk. The bottom line is if I want to potentially achieve high returns, I need to be willing to take a high level of risk. It’s important for me to go into every opportunity with both my eyes wide open.
No. 9: Boring over exciting could be the right approach
I often confuse an exciting idea with a good investment opportunity. Excitement may be generated from the latest fad or an exclusive deal. These “opportunities” are, more often than not, being sold on the hype and not on their fundamentals.
If I want to avoid being lured into one of these situations, then I need to pursue an approach of sticking with plain vanilla - boring investments. This may be a combination of blue-chip stocks, index funds or high-grade bonds.
No. 10: Once I win the game, stop playing
The stock market can be addictive, especially if one have accumulated a substantial level of wealth. It’s important to understand that the main purpose of investing is for one to be able to achieve our financial goals. Once I reach that magic number, there is no reason to continue to put that money at risk.
The silver lining of a severe market downturn is that it causes me to reflect on the decisions I’ve made during the good times. However, if I stay true to the principles, it should increase my chances of success in the long run.
Last but not least: Never Stop Learning
I am currently studying and reading up on some new courses at @moomoo Courses
Good luck to all. Let’s hope for a better Q4!
$Cisco (CSCO.US)$ $Cloudflare (NET.US)$ $Meta Platforms (FB.US)$ $Adobe (ADBE.US)$ $Splunk (SPLK.US)$ $Apple (AAPL.US)$ $Ishares Trust Core Short-Term Us Bd Etf (ISTB.US)$ $Thermo Fisher Scientific (TMO.US)$ $NVIDIA (NVDA.US)$ $Taiwan Semiconductor (TSM.US)$ $Applied Materials (AMAT.US)$ $Intuitive Surgical (ISRG.US)$ $Fiverr International (FVRR.US)$ $Disney (DIS.US)$ $Futu Holdings Ltd (FUTU.US)$ $Hang Seng Index (800000.HK)$ $iShares Core S&P 500 ETF (IVV.US)$ $iShares Core S&P 500 ETF (IVV.US)$ $Vanguard Total Bond Market ETF (BND.US)$ $Ishares Trust Core Total Usd Bd Mkt (IUSB.US)$ $Dow Jones Industrial Average (.DJI.US)$ $SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL.US)$ $Pimco Etf Trust Enhanced Short Maturity Etf (MINT.US)$
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mark01bravz
liked
$Block (SQ.US)$ is exploring the possibility of developing a Bitcoin mining system based on “custom silicon and open source for individuals and businesses worldwide.” SQ shares rose 0.64 % to close at $249 on October 15.
Square provides credit card payment processing solutions. It also provides reporting, analytics, and next-day settlement.
In his tweets, Dorsey reiterated the need to decentralize mining to make the Bitcoin network more resilient. Additionally, the executive insists on mining being more efficient, thus ensuring cleaner and more efficient energy use. In a series of posts, the Square executive questions why silicon design is concentrated in a few companies, leading to supply overlay constraints.
Square provides credit card payment processing solutions. It also provides reporting, analytics, and next-day settlement.
In his tweets, Dorsey reiterated the need to decentralize mining to make the Bitcoin network more resilient. Additionally, the executive insists on mining being more efficient, thus ensuring cleaner and more efficient energy use. In a series of posts, the Square executive questions why silicon design is concentrated in a few companies, leading to supply overlay constraints.
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mark01bravz
commented on
EV start-up $Rivian Automotive (RIVN.US)$ filed for an IPO on Oct.1 and I guess the stocks can soon be traded. Rivian beat $Tesla (TSLA.US)$, $General Motors (GM.US)$ and $Ford Motor (F.US)$ to the market with an electric pickup, the R1T, which has received glowing early reviews. (The car is soooo dope by the way.)
$Amazon (AMZN.US)$ and $Ford Motor (F.US)$ are among Rivian's backers. Although Rivian has never made money and is still tiny compared with Tesla(), I'm positive about its potentials. I think the brand just needs time to grow. What do you say? Do you think Rivian's pickup is cooler than Tesla's? Are you buying Rivian or Tesla stocks, why?
Rewards calling! Comment to win rewards!
Moomoo news team and I hold the event together for a month! I will post discussions every day and Moomoo news team will support the event with reward points! We will pick the top 2 'liked' and top 3 'insightful' comments every weekday& top 10 'liked' and top 10 'insightful' comments every weekend to be the winners.
For more details, click here.
Follow me to join the latest discussion!
$Amazon (AMZN.US)$ and $Ford Motor (F.US)$ are among Rivian's backers. Although Rivian has never made money and is still tiny compared with Tesla(), I'm positive about its potentials. I think the brand just needs time to grow. What do you say? Do you think Rivian's pickup is cooler than Tesla's? Are you buying Rivian or Tesla stocks, why?
Rewards calling! Comment to win rewards!
Moomoo news team and I hold the event together for a month! I will post discussions every day and Moomoo news team will support the event with reward points! We will pick the top 2 'liked' and top 3 'insightful' comments every weekday& top 10 'liked' and top 10 'insightful' comments every weekend to be the winners.
For more details, click here.
Follow me to join the latest discussion!
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mark01bravz
commented on
Are you a fan of Tesla vehicles? Are you holding Tesla stocks? If you are, you would be satisfied with $Tesla (TSLA.US)$ stocks' performance as it gained almost 4% intra-day when other big tech stocks lost ground.
But, did you notice that the oil future is surging as well? Also, the oil&gas sector gained when the $S&P 500 Index (.SPX.US)$ lost 1.3%! $Eversource Energy (ES.US)$ gained 5.3% and $Marathon Oil (MRO.US)$ rose more than 4%. People are saying that oil demand will keep rising until 2035. $Ford Motor (F.US)$ and $General Motors (GM.US)$ might also be good investments. I would still invest in these stocks.
I believe EVs cannot replace traditional cars in the short term. What about you? Are you more interested in clean energy stocks or oil&gas stocks?
Rewards calling! Comment to win rewards!
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But, did you notice that the oil future is surging as well? Also, the oil&gas sector gained when the $S&P 500 Index (.SPX.US)$ lost 1.3%! $Eversource Energy (ES.US)$ gained 5.3% and $Marathon Oil (MRO.US)$ rose more than 4%. People are saying that oil demand will keep rising until 2035. $Ford Motor (F.US)$ and $General Motors (GM.US)$ might also be good investments. I would still invest in these stocks.
I believe EVs cannot replace traditional cars in the short term. What about you? Are you more interested in clean energy stocks or oil&gas stocks?
Rewards calling! Comment to win rewards!
Moomoo news team and I hold the event together for a month! I will post discussions every day and Moomoo news team will support the event with reward points! We will pick the top 2 'liked' and top 3 'insightful' comments every weekday& top 10 'liked' and top 10 'insightful' comments every weekend to be the winners.
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mark01bravz
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How's your portfolio doing? Mine is downSOS!!!
Tech stocks led the $Nasdaq Composite Index (.IXIC.US)$lower 2.83% yesterday with $Meta Platforms (FB.US)$, $Microsoft (MSFT.US)$and $Alphabet-A (GOOGL.US)$losing more than 3%. $Amazon (AMZN.US)$fell more than 2%. I guess the tech sector has to bleed as bond yields surge.
I saw oil&gas gaining. $Schlumberger (SLB.US)$gained 2.4% yesterday.
Do you think it's time to buy the dip in tech or buy oil&gas instead? Why?
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Moomoo news team likes what I'm posting every day and we hold events together now. You can comment below to win reward points!
Tech stocks led the $Nasdaq Composite Index (.IXIC.US)$lower 2.83% yesterday with $Meta Platforms (FB.US)$, $Microsoft (MSFT.US)$and $Alphabet-A (GOOGL.US)$losing more than 3%. $Amazon (AMZN.US)$fell more than 2%. I guess the tech sector has to bleed as bond yields surge.
I saw oil&gas gaining. $Schlumberger (SLB.US)$gained 2.4% yesterday.
Do you think it's time to buy the dip in tech or buy oil&gas instead? Why?
Rewards calling! Comment to win rewards!
Moomoo news team likes what I'm posting every day and we hold events together now. You can comment below to win reward points!
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mark01bravz : well there's 2 sides of the camp. on 1 side there are those whom panic sell after the news. the other side would be people like me who are cash ready to load more and believe in the long term aspect of Tesla.