183.26MMarket Cap4.37P/E (TTM)
7.990High7.850Low69.54KVolume7.925Open7.890Pre Close550.44KTurnover0.38%Turnover Ratio3.34P/E (Static)23.17MShares9.88852wk High0.52P/B145.08MFloat Cap6.05052wk Low0.38Dividend TTM18.34MShs Float12.299Historical High4.80%Div YieldTTM1.77%Amplitude0.942Historical Low7.915Avg Price1Lot Size
Medallion Financial Stock Forum
NEWS
Medallion Bank Announces Fintech Strategic Partnership With TriBeam Financial
Medallion Bank (Nasdaq: MFIN) announces a definitive agreement with TriBeam Financial, Inc. for home solar systems financing. The partnership aims to enhance home improvement lending services, expanding reach and expertise in the residential solar equipment market.
George Soros used Forex Trading to make money.
Jim Simons used Algo Trading to make money.
Stick to what works best for you.
Don't quickly jump from one style to another!
$Warren Buffett Portfolio (BK2999)$ $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ $Amazon (AMZN.US)$ $Tesla (TSLA.US)$ $Medallion Financial (MFIN.US)$
• $Avantor (AVTR.US)$ : Citigroup Upgrades to Buy from Neutral - PT $28
• $Church & Dwight (CHD.US)$ : Deutsche Bank Upgrades to Buy from Hold - PT $85 (from $90)
• $ConocoPhillips (COP.US)$ : Erste Group Upgrades to Buy from Hold
• $Ford Motor (F.US)$ : Morgan Stanley Upgrades to Overweight from Equal Weight - PT $14
• $Silicon Motion Technology (SIMO.US)$ : Susquehanna Upgrades to Positive from Neutral - PT $108
• $Walmart (WMT.US)$ ...
From this chart, you will be able to find out what sector ETFs have most fund inflow. Fund inflow is often considered as a bullish sign of the sector and related ETFs!
^Weekly Sectors Fund Flow Board: a sector ranking based on sector ETFs aggregate 3-month fund flows.
^3-month fund flows: a metric that can be used to gauge the perceived popularity amongst investors of different sectors.
^The board includes the following information: change of rankings, 3-month fund flows, how many ETFs are in the sectors, and the related ETFs.
For this week, I covered the two highest ESG score sector-related ETFs ! Now, let's take a look at the board~You may find something to diversify your porfolio
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Sectors Updates:
*Tech
Technology stocks were mostly higher in late trade, with the $The Technology Select Sector SPDR® Fund (XLK.US)$ Thursday rising 1% and the $PHLX Semiconductor Index (.SOX.US)$ was flat, reversing a midday slide.
In company news, $The Glimpse (VRAR.US)$ fell 8%, giving back a small mid-morning gain, after the virtual and augmented reality company announced its planned purchase of marketing agency Sector 5 Digital for $8 million upfront and up to $19 million more over the next three years.
To the upside, $Snowflake (SNOW.US)$ rose more than 15% after the data platform company late Wednesday reported a strong reports. Revenue more than doubled compared with year-ago levels, rising 109% to $334.4 million and also beating the $306.1 million Street view.
$Okta (OKTA.US)$ added almost 13% on Thursday after the cloud-identity company overnight reported above-consensus Q3 results and also narrowed its projected FY22 net loss and raised its revenue forecast for 12 months ending Jan. 31.
*FIN
Financial stocks were ending near the peak of their Thursday advance, with the $Financial Select Sector SPDR Fund (XLF.US)$ was gaining 3%.
Bitcoin was 0.3% lower at $57,116 while the yield for 10-year US Treasuries was 1.4 basis points higher at 1.448%.
In company news, $Coastal Financial (CCB.US)$ rose 4.8% after Thursday announcing a new partnership with financial technology platform LendingPoint in a deal it anticipates will reduce the bank's risk and costs of lending and expand its geographic footprint. Financial terms were not disclosed.
*Real Estates
The Philadelphia Housing Index was climbing 4.3% and the $Real Estate Select Sector Spdr Fund (The) (XLRE.US)$ was up 2.7%.
$Brixmor Property Group Inc (BRX.US)$ rose 6% after Truist Securities raised its price target for the real estate investment trust by $3 to $26 a share and reiterating its hold rating for the stock.
$Medallion Financial (MFIN.US)$ was 11.6% higher after the specialty lender said it closed on the sale of its Richard Petty Motorsports NASCAR race team to Warp Speed for $19.1 million. The company said the deal removes $26 million of intangible assets from its balance sheet and increases its tangible book value by over $1 per share.
*Health Care
Health care stocks were ending off Thursday's pace, with the NYSE Health Care Index rising 0.5% this afternoon while the $The Health Care Select Sector SPDR® Fund (XLV.US)$ also was up 0.5%.
$Biofrontera (BFRI.US)$ soared 21% after the biopharmaceuticals company said it received a US patent for its pain-reducing illumination protocol combining its Ameluz medication with RhodoLED lamp.
$Omeros (OMER.US)$ climbed 7.3% after the biopharmaceuticals company said it was selling its OMIDRIA franchise to Rayner Surgical Group in a deal valued at more than $1 billion.
*Consumer
Consumer stocks were adding to prior gains late in Thursday trading, with the $Consumer Staples Select Sector SPDR Fund (XLP.US)$ climbing 1% while the $Consumer Discretionary Select Sector SPDR Fund (XLY.US)$ was rising 1.5%.
In company news, $Duluth Holdings (DLTH.US)$ sped 18% higher after the clothier reported net income of $0.09 per share for its Q3 ended Oct. 31, triple its $0.03 per share profit last year and topping the single-analyst call expecting a GAAP loss of $0.30 per share. Net sales increased and the company also raised its FY21 earnings forecast.
$The Kroger (KR.US)$ rose over 11% after the grocery chain beat Wall Street estimates with its fiscal Q3 results and raised its FY22 earnings forecast.
*Energy
Energy stocks were racing higher this afternoon, with the NYSE Energy Sector Index climbing 3.2% while the $Energy Select Sector SPDR Fund (XLE.US)$ was up 3%. The $PHLX Oil Service Sector Index (.OSX.US)$ also was posting a 3.4% gain and the $Dow Jones U.S. Utilities Index (.DJUSUT.US)$ was ahead 1.2%.
Front-month West Texas Intermediate crude oil settled $0.93 higher at $66.50 per barrel, reversing a morning decline, while the global benchmark Brent crude contract was advancing $1.49 to $70.36 per barrel.
Source: MT Newswires
While it certainly is a bummer that the average investor cannot invest in the fund, this analysis gave us some key insights into the market. The first and most important being that the stock market is not perfectly efficient and that there are inefficiencies that someone can leverage for more than 3 decades. The second being that not all funds that charge an exorbitant fee structure are taking money away from the investor. In Medallion’s case, they are justifying their eye-watering fee structure with phenomenal returns.
Finally, this should not be considered as a call to action to find similar funds as not every team with stellar people end up producing market-beating returns.
To put these returns in perspective, $100 invested into the Medallion Fund in 1988 would have converted into $398 Million by 2018. Even net of fees, the fund has outperformed S&P 500 returns by ~1000 times and Warren Buffet’s returns by ~200 times!
To date, there is no adequate rational market explanation for this performance.
Until next week…
$IRIDEX (IRIX.US)$
$Catalyst Pharmaceuticals (CPRX.US)$
$Concert Pharmaceuticals (CNCE.US)$
$Quotient (QTNT.US)$
$Farmer Bros (FARM.US)$
$Medallion Financial (MFIN.US)$
$Check-Cap (CHEK.US)$ - Has S3 Filed, so offering lock and loaded.
These are my watches for tomorrow, im basically posting interesting options for swing enteries. CHEK and SIEB im not as interested in, but their charts look good.
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