I was bitching about the Fed in some bar and got into a debate with a big wig. (That could be any day in my life!) and this guy told me The Fed has all this secrete info on the banks and they know exactly when all of this bets on bonds are set to mature. And they will lower rates just in time. To which I say.. well get to lowering!!!// Charles Schwab stock has fallen about 35% this year. Schwab’s unrealized losses in a key part of its large bond portfolio widened in the third quarter to $19.4 billion as interest rates rose. Investors should pay attention. The losses expanded by $4 billion from the second quarter because of a sharp selloff in the bond market. The paper losses of $19.4 billion are in a portfolio of U.S. agency mortgage securities with a face value of $162 billion, according to the company’s 10-Q report released late Wednesday (Schwab doesn’t disclose the market value of that portfolio in its earnings reports.) When we held rates longer & lower Banks got abusive and used leverage and this is where the canary sits... <--- I can smell the trouble brewing here.
Ugh Van I had the most uncomfortable conversation with my son last night about Take Two. He kept saying when we bought it he thinks he owns it and he thinks he is up $10. I couldn't bring myself to say well I bought it with Uncle Pete-- your account don't have it.../// What do I do!
I'm in such a bad head space and my wife makes a big appointment with my money manger at the HF... She wants to talk about wills / I want to talk about the death of everything... Hedge funds short US financial stocks at near record levels -Goldman Sachs NEW YORK, Nov 10 (Reuters) - Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying reasons. "Financials was the most net sold sector on the U.S. prime book this week and saw the largest net selling in seven weeks, driven entirely by short sales," the bank's prime insights & analytics team said in a note about trading flows. The ratio between long and short positions is at a historical low, below 1.7 times. At the beginning of this year, the long/short ratio was at 2.6 times, sharply declining in March in the wake of the regional banking crisis. Overall, hedge funds are underweight financials, at the lowest level since May 2020, Goldman Sachs said. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> There is a fragile feeling in the air or is it just me? This is all my fault. I never open my financial mail. I never look at the trade slips or the portfolio amounts./ and then one day about a month ago I stared at that wrapped up Portfolio Statement and I said WTF I tore it open. WOW. And I had an immediate sinking overwhelming feeling that the number I saw was the high water mark and every portfolio statement after would be less and less...
What a story this was. Wall St Journal ran a story maybe 3:00 Thurs I think it was I missed it but the stock went nuts. This just kept going again the next day. Ramaco Resources, Inc. (METC) NasdaqGS - NasdaqGS Real Time Price. 17.47+1.48 (+9.26%) At close: November 10 04:00PM EST
I think it may be time to circle back to SOFI. No reason other than that's the stk we started this thread with, an original idea from my son and maybe this should be bought. I think next year this could be a $14 stk. SOFI SoFi Technologies, Inc. $6.94 0.09 (+1.31%)4:00 PM 11/10/23 NASDAQ | $USD | Post-Market: $6.90 -0.04 (-0.58%) 7:59 PM
This was one of the best reports I thought) Taboola, Inc. Exceeded high end of guidance on all metrics - Q3 2023 Revenues of $360.2M, Gross Profit of $100.7M, ex-TAC Gross Profit of $128.4M, Net loss of $23.1M, Non-GAAP Net Income of $6.7M and Adjusted EBITDA of $22.8M. Net cash provided by operating activities of $32.5M and Free Cash Flow in Q3 2023 of $22.8M. eCommerce double-digit growth in Q3, on track to reach nearly 20% of ex-TAC in 2023. Taboola News, distributing content to Android OEMs continues strong momentum in Q3; on track to grow from $50M in 2022 to almost $100M in 2023. Q3 share buyback of $18.6M brings total buyback to $23.0M through Sept 30, 2023. Announcing additional share repurchase authority of up to $40M and debt repayment of up to $30M. Significant progress on Yahoo partnership with 100% of Yahoo’s global supply now available through Taboola. Raising 2023 Adjusted EBITDA range to $75M - $82M and Non-GAAP Net Income range to $7M - $12M. Continue to expect positive Free Cash Flow. Reiterating 2024 guidance of $200M+ Adjusted EBITDA, $100M+ Free Cash Flow. NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, helping people discover things they may like, today announced its results for the quarter ended September 30, 2023. “We had strong performance in Q3, beating the high end of our guidance across all metrics and achieved $128.4M in ex-TAC Gross Profit, $22.8M in Adjusted EBITDA and $22.8M in Free Cash Flow,” said Adam Singolda, CEO of Taboola. “Our overperformance in the quarter was due to the momentum in our core business working with publishers and performance advertisers, as well as Taboola growth engines, namely eCommerce and Taboola News, as well as our AI-powered bidding technology which was responsible for a 2x lift in revenue from Microsoft vs the prior year. In addition, we made significant progress with Yahoo in Q3, with Taboola now able to offer exclusive access to Yahoo’s global supply. Together with Yahoo, we are incredibly excited for Taboola becoming the first ever “must buy” ad-platform in the Open Web
-- working with MSFT & Yahoo partnership? I mean for $3 you cannot do better. $100M free cash flow/ bought back shares...
Van help me. My kid is onto me. He is asking to open a Fidelity account. I think I am being fired. He doesn't even know what a PE is (I asked) but he is " Favoring Covered Calls " <-- WTF!!!!