My kid has bought his first stock. And so it begins. I was about his age when I started & I have not stopped to this day. It's addicting. Will he have ' The Touch ' You either have it or you don't it is seldom learned. It can be learned but he does not even know what a PE is.. but he likes NU, LI Auto & CAMT a semi! Kids these days. Hi first stock is SOFI.
Cathie Wood Snaps Up Trade Desk Stock After Plunge showed some courage as it was reported she snapped up a plunging digital ad firm. Trade Desk(TTD) fell by as much as 22% on Friday on a post-earnings crash. But that was not enough to stop Wood's ARK Innovation ETF (ARKK) from snapping up just shy of 543,000 shares of the company that same day. Third-quarter earnings and revenue edged Wall Street views, but the company's own outlook came in well below views.
THE 10:30 SOLUTION TO GUMMIES & STOCKS OF THE WEEK Look at 10:30 please on ACHR. You see? $4.88 the low of the day. this trick I have taught you-- use it wisely!
FAA’s latest proposal to ground Pratt engines adds risk to RTX: BofA GBA SHORT IDEA RTX RTX $82.02 -0.18(-0.22%)
Goooood Morning! (Bloomberg) -- The Nasdaq’s November rally is set to get an extra boost this week from investors front-running an ETF’s option expiration. The $7.7 billion Global X Nasdaq 100 Covered Call ETF sells call options on the Nasdaq 100 to increase returns from the performance of shares in the index. Thanks to the technology benchmark’s almost 10% rally since late October, the ETF’s short position expiring Friday is now well below the index’s current level, meaning the fund will need to buy thousands of futures contracts to cover. The fund, which follows a covered call or buy-write strategy, according to its prospectus, sells a succession of one-month call options each calendar month on the reference index covers such options by holding the underlying. The holdings are known to the market, offering an opportunity for traders to buy ahead of the ETF. “The market has gotten the joke and pre-traded or front-run the delta”, wrote Nomura strategist Charlie McElligott in a note to clients on Friday as he calculates that the transaction will create about $8 billion in Nasdaq futures to be bought as the hedge comes off. Bloomberg’s holding data for the ETF currently shows a short position of 5,280 contracts of the Nasdaq 100 14,600 calls expiring Nov. 17, and no futures contracts. Since January 2022, there have been seven occurrences where the ETF had to unwind calls that where at last 105% in-the-money. The last six of them have all seen the Nasdaq trade higher the week into the cover of the position with an average return of 2% over the week, McElligott said.
Investors Dump Cash to Chase Bonds, BofA Survey Shows Investors Dump Cash to Chase Bonds, BofA Survey Shows Tue, November 14, 2023, 3:33 AM EST (Bloomberg) -- Investors turned the most bullish on bonds since the global financial crisis on “big conviction” that rates will move lower in 2024, according to the latest Bank of America Corp. fund manager survey. The monthly survey showed investors were dumping cash to hold the biggest overweight position in bonds since 2009. BofA’s Michael Hartnett said the “big change” was not the macro outlook, but expectations that inflation and yields will move lower in 2024.
Roblox director Kim buys 200,000 class A shares » 18:02 RBLX Coty raises share repurchase program by $600M » 18:00 COTY Stride to hold virtual investor day » 17:30 LRN Grindr reports Q3 EPS 0c vs (3c) last year » 16:17 GRND Marvell initiated with a Buy at Roth MKM » 16:14 MRVL AMD initiated with a Buy at Roth MKM » 16:13 AMD
TIME TO GRIND- GAY GUMMY-! Not having much luck with dating-? Try going the other way! Grindr Inc (GRND) Reports 39% Revenue Surge in Q3 2023, Ups Full-Year Outlook Grindr Inc. (GRND) NYSE - NYSE Delayed Price. 5.98+0.17(+2.93%) At close: November 13 04:00PM EST 5.96-0.02(-0.33%) Pre-Market:04:09AM EST Grindr Inc (NYSE:GRND) announces a 39% increase in revenue for Q3 2023, reaching $70.3 million. Adjusted EBITDA hits $32.6 million with a robust margin of 46%. Company raises full-year 2023 guidance, expecting over 31% revenue growth and an Adjusted EBITDA margin exceeding 41%. CEO George Arison cites strong user engagement with paid offerings as a key growth driver. On November 13, 2023, Grindr Inc (NYSE:GRND) released its8-K filing, detailing a significant uptick in its financial performance for the third quarter ended September 30, 2023. The world's largest social network for the LGBTQ community reported a substantial revenue increase of 39% year-over-year, totaling $70.3 million for the quarter. Despite a net loss of $0.4 million, the company demonstrated operational strength with an operating income of $16.6 million and an impressive Adjusted EBITDA of $32.6 million. Financial Highlights and Management Commentary Grindr Inc (NYSE:GRND) has not only shown a remarkable increase in revenue but also a commendable Adjusted EBITDA margin of 46%. The company's CEO, George Arison, expressed confidence in the firm's trajectory, stating, We delivered another strong quarter as more users are engaging with our new paid offerings." Arison also indicated that the positive business trends have led to an upward revision of the financial outlook for 2023. Revised Full-Year 2023 Guidance Reflecting the company's strong performance and optimistic future projections, Grindr Inc (NYSE:GRND) is raising its full-year 2023 guidance. The company now anticipates revenue growth of 31% or greater and an Adjusted EBITDA margin of 41% or more. This revised outlook underscores the company's confidence in its growth strategy and operational efficiency. Analysis of Financial Statements The earnings report reveals a net loss margin of 1%, which is a significant improvement from the 9.2% net loss margin reported in the same quarter of the previous year. The reconciliation of net loss to Adjusted EBITDA for the three and nine months ended September 30, 2023, shows a positive trend with Adjusted EBITDA increasing to $32.6 million from $24.0 million in Q3 2022.