APPARENTLY MORGAN BOUGHT E TRADE THEY SENT ME A LETTER. I HAVE BEEN HESITANT TO GIVE ETRADE MONEY- I JUST USE IT FOR CRAZY STUFF BUT.. A NEW DAWN HAS BECKONED!
OF COURSE! GOLDMAN BOUGHT THEM Founded in October 1931 by Harold Spear and Laurence C. Leeds, two members of the New York Stock Exchange (NYSE), Spear, Leeds & Kellogg was a leader in securities clearing and execution as well as market making — both floor-based and off-floor. At the time of the merger, it was the leading clearing firm by volume and the largest specialist on the NYSE and one of the largest market makers in Nasdaq shares. Spear, Leeds & Kellogg had rejected earlier deal alternatives, including at one point considering a leveraged buyout or launching its own IPO. Like J. Aron, Goldman Sachs had a long business relationship with Spear, Leeds & Kellogg prior to the acquisition. For Goldman Sachs, the combination offered the opportunity to build on the firm’s leadership in market making, execution and clearing in addition to providing another window into rapidly evolving trading technology. The transaction was valued at US$6.5 billion, comprising US$4.4 billion of Goldman Sachs common stock (34 million shares) and cash. MY GRANDPA FROM THE N. FORK LI WOULD OF DONE BUSINESS WITH SPEAR'S I THINK ESPECIALLY IF HE WAS JEWISH.
Brace yourself for another big up day tomorrow Stoney! ~the magic pencil has spoken. ......#1 FOR A REASON......
stonedinvestor said: THE BOTTOM OF THE WEEK- NEW SEGMENT- I have had some look spotting bottoms. They are twitchy and attractive and one can easily fall for a nice bottom without properly thinking out the consequences. These bottom spots are not usually based off any technical merits which makes the process harrowing. Today we take you to 203 Redwood Shores Parkway,8th Floor.Redwood City, CA... to a little place called GoshPosh. Description Poshmark, Inc. operates as a social marketplace for new and secondhand style products in the United States, Canada, India, and Australia. The company offers apparel, footwear, home, beauty, and pet products, as well as accessories. As of December 31, 2021, it had 7.6 million active buyers. The company was formerly known as GoshPosh, Inc. and changed its name to Poshmark, Inc. in 2011. Poshmark, Inc. was incorporated in 2011 and is headquartered in Redwood City, California. Barclays analyst Trevor Young raised his rating from equal weight to overweight, noting positive signs in the company's recent earnings report. He argued that its growing base of active buyers has reached a tipping point for the platform. Young also cited high engagement from social elements of the platform, secular tailwinds, and a benefit from consumers trading down during a possible recession. Young raised his price target on the stock from $13 to $17. In a tough quarter fore-commerce stocks, Poshmark reported revenue growth of 9% to $89.1 million ahead of estimates at $87.4 million and coming after it delivered 22% top-line growth in the quarter a year ago. Active buyers rose 14% to 8 million, but adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)flipped from a $6.5 million profit in the quarter a year ago to a $9.8 million loss, showing the company is having trouble monetizing its user growth. Guidance for the third quarter was also weak, calling for a sequential decline in revenue to $85 million to $87 million and an adjusted EBITDA loss of $9 million to $11 million. That does not sound good. But is it the sort of clearing out process that then leads to a bottom? As the U.S. continues to wrestle with economic uncertainty and inflation,demand for luxury goods has remained strong. But that may be starting to change, at least for part of the luxury market. According to Pauline Brown, former LVMH Chairman of North America, there are two types of luxury consumers, and they're responding differently as inflation wears on. "There are the uber affluent and then there's the aspirational consumer," Brown told Yahoo Finance Live (video above). She added that recent earnings "indicate that at least on the margin of luxury goods, that there is some fraying. But there is also a segment of buyer that is utterly immune to the kind of forces that we're talking about.” Brown explained that retailers like Ralph Lauren (RL) and Capri Holdings (CPRI), which owns Versace and Michael Kors, are more dependent on aspirational consumers whereas LVMH (LVMUY) and Gucci-owner Kering (KER.PA) rely on the "core" affluent consumer. Ralph Lauren and Capri beat Wall Street expectations in the second quarter, though the European fashion houses held up even better, Brown said. LVMH and Kering both reported revenue growth of over 20% in the first half of the year despite macroeconomic pressures. As the overall retail sector faced a series of setbacks in recent months, Brown stated that luxury conglomerates remained steady because wealthy consumers were paying full price and buying in volume. "That's great for the bottom line of these companies," Brown said. Consumers are “just not looking for discounts in the way that they historically have, number one, because there's a lot of occasions. There's travel, and there's weddings, and there's other celebrations. And that is a big impetus for people to go into the stores." The current environment marks a significant shift from the "very promotional environment" the luxury sector faced at the height of the pandemic. And as the sector continues to rebound, year-over-year comparisons are also looking more favorable. "I would say that in general, with the exception, maybe, of what's happening with the China consumer, which has slowed down for reasons that go above and beyond COVID and post-COVID, that the U.S. consumer, which is consistently showing the fastest growth, is still in a pretty healthy recovery mode from a year ago, and even from two years ago," Brown said. And while the affluent buyer continues to shop for Louis Vuitton and Chanel at full price, aspirational consumers are looking elsewhere for contemporary brands, such as in the resale market and online marketplaces like Poshmark. <---------------------------- 52 week low of $9 Poshmark, Inc. (POSH)- Bottom Call- NasdaqGS - NasdaqGS Real Time Price. 10.58-0.71(-6.29%) WHEN DID THEY GET BOUGHT AT $17!!! NOBODY TOLD ME!
WKSP IS REALLY LULLING US TO SLEEP OR TAUNTING US. I CAN SEE BOTH LONG & SHORT ARGUMENTS HERE- BUT YTD CHART DRAW AN UPTREND ON THAT MOVE AND IT SAYS $4.00. AND WE HAVE BEEN IN FOREVER MODE HERE AT $2.50 WITH ANNOUNCEMENTS ABOUT STARTING UP THE NEW FACTORY ANY WEEK. (HOPEFULLY) CONTINUING TO FOLLOW-> Worksport Ltd. (WKSP) NasdaqCM - NasdaqCM Real Time Price. 2.5500-0.0100 (-0.39%) At close: 04:00PM EDT
I got a letter from them last week also, and I'm like...Did I ever have an E-trade account? Was scratching my head and couldn't come up with when I had one, then realized I have MS stock. So I guess they want to keep shareholders informed? Or maybe I have a 25-YO E-trade account with a few bucks in it that has accumulated thousands in interest? HAahhaha....ummm, no.
I think you now can enjoy everything etrade had to offer.... which is basically nada./ You get what you pay for.
EARTH'S TIPPING POINT- We had some serious rain upstate. I'm talking 8 inches in a short time. Pretty much wiped out a bunch of roads in orange county. Litchfield Ct is under watch for downstream water flow which is not too far from my place. We just had the smallest ice measurements ever / we just had the hottest day in earth's history. I'm cranking the air con every day. It's rained so much. But the scariest thing is the ocean temp it's way to high. All the climate models that we are going off are wrong- it's not 30 years away- the tipping point is right now AND I don't think we can save it. Very hard to think about. I noticed the ocean was too warm when I was at the beach in 5 days it went up about 5 degrees. Sharks everywhere. When the water is too warm the oxygen levels drop this kills off the fish. And corals...