I KNOW DO YOU THINK WE SHOULD SELL NOW? Lets be honest so far the earnings have sucked. Granted that's banks and such. But now an accounting probe at ADM and more Boeing planes being pulled for inspection...A lot rests on NFLX. I don't like when an entire market is defined by one stock. And why shouldn't we make that stock NVDA? But I feel lot of eyes on this NFLX report and some computer algo eyes...
Analysts have gotten slightly more upbeat in recent weeks. They see the California-based entertainment pioneer earning $2.22 a share on $8.71 billion in revenue. Is it enough? If Netflix tops Wall Street's bottom-line target, it will be the company's fourth beat in a row.
B. Riley drops on report SEC probiing deals with client linked to defunct hedge fund (update) Jan. 22, 2024 7:44 AM ETB. Riley Financial, Inc. (RILY) Update 7:45am on 1/22: Adds share price. The Securities and Exchange Commission is investigating B. Riley's (NASDAQ:RILY) dealings with a client linked to alleged securities fraud as well as the use of his assets to help the bank geta loan from Nomura Holdings (NMR). B. Riley fell 1%. The SEC has carried out interviews in recent months about B. Riley (RILY) and its relationship with Brian Kahn, according to aBloomberg reportlate Sunday, which cited people familiar with the matter. Kahn is said to be an unidentified co-conspirator in a Justice Department criminal case prompted by the 2020 demise of the Prophecy Asset Management hedge fund. Officials have been evaluating how Kahn led a buyout of a retail business, Franchise Group Inc., in a deal arranged last year by B. Riley (RILY), according to the report. In August, Franchise Group Kahn,with help from B. Riley(RILY) and others, led a management-led buyout of Franchise Group for about $2.8 billion. “We have not received anything from the SEC on this matter and to the extent the SEC makes an inquiry, we would fully cooperate as we have done in the past on all regulatory inquiries,” a spokesperson for B. Riley said in an email statement to Bloomberg. A Nomura (NMR) representative said the bank declined to comment to Bloomberg. News of the probe comes as B. Riley (RILY) shares have plunged 42% since early November when Bloombergfirst reportedabout the fraud allegations and connections to Kahn. B. Riley shares fell 14% on Nov. 13 after S&P downgraded Franchise Group's credit ratingand wrote that the Kahn "situation is unresolved and could prove to be a distraction as the company navigates its strategy." Bloomberg reported last month that Franchise Group said a probe into its relationship with Prophecy Asset Management found it hadno ties to the investment firmwhose co-founder is involved in a securities fraud case. Franchise Group said the review found no evidence that a former relationship between its CEO Brian Kahn, and Prophecy had impacted B. Riley, according to the Bloomberg report, which cited a statement to lenders. The recent share drop in B. Riley (RILY) also comes as the firm was the target of some short-seller reports last year. B. Riley's short interest is 68%. More on B. Riley Financial B. Riley Financial: The Rout Count Get Worse, On Derisking B. Riley: Short Covering Could Lead To A Massive Squeeze
Ya know, we've been watching TTWO for what seems like a long time... it trades in a world of its own. I don't think you should sell. If it was going to drop much, I think it would have. I mean I know the tide is in, but it ignores the tide anyway. Tell Pete to sell the March $275 calls against the position. That'll give you $3.70 downside protection from here. That's what I'd do.
UPDATE- monday.com Ltd. (MNDY) NasdaqGS - NasdaqGS Real Time Price. 208.57+12.94 (+6.62%) As of 10:16AM EST.
So for now it's over- Cramer just went negative you know what that means-lets Go Up. SP500 S&P 500 Index 4,741.92-24.06 (-0.50%)11:30 AM 01/17/24 S&P Complete Indices | Realtime #12105 Wednesday at 4:39 PM Report Reply Share