Vera Padisetti
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$PG&E Corp (PCG.US)$ Green names are very overvalued like most things. Electricity prices are very high too, in most places. Green energy is inflationary. China and a few others broke some coal production records too. Balance is necessary.
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Vera Padisetti
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$Salesforce (CRM.US)$ Cannot stand the CEO- paid 27 billion for slack- which contributed 270 million in revenue- ? This last quarter?
I think most customers of CRM would rather do business elsewhere.
I think most customers of CRM would rather do business elsewhere.
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Vera Padisetti
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$Microsoft (MSFT.US)$ There’s a Long term capital gains tax of 7% for income over $1M starting Jan1, 2022 so he is clearing his plate ahead of time to avoid paying this tax. Expect more executives in WA state to do this in 2021.
https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax
https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax
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Vera Padisetti
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$Bitcoin (BTC.CC)$ Fidelity Investments is launching a Spot Bitcoin ETF in Canada, as the U.S. based firm is not waiting around for the Securities Exchange Commission to approve a decision in the United States.
Fidelity's ETF is called the $FIDELITY ADVANTAGE BITCOIN ETF UNIT SER L CAD (FBTC.CA)$, and it will directly obtain physical Bitcoin. Meaning the fund will buy actual Bitcoin rather than acquire it through a derivative instrument.
Fidelity's move just adds more fuel to the fire as one of America's largest asset managers with over $4T AUM is forced to create a product in Canada to meet their client's demands. At the same time, regulators in its own country still weigh their options on whether or not to approve a Spot Bitcoin ETF.
The new fund will also be actively managed.
Bitcoin price action: -1.4% on Tuesday and +98.1% year-to-date.
Canada is not the only country that has approved a Spot Bitcoin exchange traded fund. Recently Singapore joined the list as it now offers investors exposure to a Spot Bitcoin ETF.
Fidelity's ETF is called the $FIDELITY ADVANTAGE BITCOIN ETF UNIT SER L CAD (FBTC.CA)$, and it will directly obtain physical Bitcoin. Meaning the fund will buy actual Bitcoin rather than acquire it through a derivative instrument.
Fidelity's move just adds more fuel to the fire as one of America's largest asset managers with over $4T AUM is forced to create a product in Canada to meet their client's demands. At the same time, regulators in its own country still weigh their options on whether or not to approve a Spot Bitcoin ETF.
The new fund will also be actively managed.
Bitcoin price action: -1.4% on Tuesday and +98.1% year-to-date.
Canada is not the only country that has approved a Spot Bitcoin exchange traded fund. Recently Singapore joined the list as it now offers investors exposure to a Spot Bitcoin ETF.
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$Alphabet-C (GOOG.US)$ $Microsoft (MSFT.US)$
Some companies buy back shares to raise capital for reinvestment. This is all good and well until the money isn't injected back into the company. In July 2017, the Institute for New Economic Thinking published a paper titled "US Pharma’s Financialized Business Model" on pharmaceutical companies and their share buyback and dividend strategy.
The study found that share buybacks weren't being used in ways to grow the company, and in many cases, total share buybacks outnumbered funds spent on research and development (R&D). The report stated:
In the name of 'maximizing shareholder value' (MSV), pharmaceutical companies allocate the profits generated from high drug prices to massive repurchases, or buybacks, of their corporate stock for the sole purpose of giving manipulative boosts to their stock prices. Incentivizing these buybacks is stock-based compensation that rewards senior executives for stock-price 'performance.'
And, as mentioned above, any boost to share price from the buyback seems to be short-lived. Along with Apple, Exxon Mobil, and IBM have made significant share repurchases. A CNBC article in May 2017 said since the turn of the century, total outstanding shares of Exxon Mobil have fallen 40%, and IBM's has decreased by a whopping 60% from its peak in 1995. The article notes that not only does this fit "financial engineering," but it also affects overall stock indexes that are valued on the weightings in these companies.
Some companies buy back shares to raise capital for reinvestment. This is all good and well until the money isn't injected back into the company. In July 2017, the Institute for New Economic Thinking published a paper titled "US Pharma’s Financialized Business Model" on pharmaceutical companies and their share buyback and dividend strategy.
The study found that share buybacks weren't being used in ways to grow the company, and in many cases, total share buybacks outnumbered funds spent on research and development (R&D). The report stated:
In the name of 'maximizing shareholder value' (MSV), pharmaceutical companies allocate the profits generated from high drug prices to massive repurchases, or buybacks, of their corporate stock for the sole purpose of giving manipulative boosts to their stock prices. Incentivizing these buybacks is stock-based compensation that rewards senior executives for stock-price 'performance.'
And, as mentioned above, any boost to share price from the buyback seems to be short-lived. Along with Apple, Exxon Mobil, and IBM have made significant share repurchases. A CNBC article in May 2017 said since the turn of the century, total outstanding shares of Exxon Mobil have fallen 40%, and IBM's has decreased by a whopping 60% from its peak in 1995. The article notes that not only does this fit "financial engineering," but it also affects overall stock indexes that are valued on the weightings in these companies.
$Applovin (APP.US)$ APP 3 Months Cup with Handle
Not seeing a whole lot to share today but $APP is one worth sharing.
3 months cup with handle
volume pattern looks strong. Would love to see couple of quite days right around the top of of the handle or even one more shake out before the breakout
Not seeing a whole lot to share today but $APP is one worth sharing.
3 months cup with handle
volume pattern looks strong. Would love to see couple of quite days right around the top of of the handle or even one more shake out before the breakout
$Aterian (ATER.US)$ has popped with volume, as the price made a lower high, the OBV made a higher high, suggesting strong buys.
A bullish divergence on OBV.
A bullish divergence on OBV.
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$TechTarget (TTGT.US)$ 7 months cup w/ handle looks perfect
Up/Down vol 1.97 (strong demand)
Multiple pocket pivots through out the base
All resulting in OBV printing 7 new highs before price in that handle
Up/Down vol 1.97 (strong demand)
Multiple pocket pivots through out the base
All resulting in OBV printing 7 new highs before price in that handle
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$Futu Holdings Ltd (FUTU.US)$It is estimated that the 93 before the market today and the 93 during the day are sideways. On option day it has never risen sharply. It is the law of harder than steel.
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Vera Padisetti : Waste management is part of the consideration. Thorium salt reactors are the way to go.