Quote of the day by Jamie Dimon "at least for the short term" "We remain optimistic on the economy, at least for the short term – consumer and business balance sheets as well as consumer spending remain at healthy levels – but see significant geopolitical and economic challenges ahead due to high inflation, supply chain issues and the war in Ukraine.” That one's gonna raise some eyebrows.
Folks I am in a bad mood today. We have a shooter hiding in our city and our subways are not safe. Our mayor has Covid and has been checking in via video links that do not work. No sound. Cameras at train stations are junk and not working. City on edge. Joy has left. We were teetering on one foot and now we are certainly down and out. The virus... was it the virus that set off all this violence? Is that the final sick joke? The final act to this play of dread. 1-It's time to get back into CHEWY. 2-We are going to try and catch the bottom in UPST 3- We bought WOLF Yesterday
UPST KEY DATA POINTS Market Cap $7B Day's Range $83.51 - $95.36 52wk Range $75.15 - $401.49 P/E (ttm) 48.42 Disrupting a multi-trillion dollar market Upstart is growing like wildfire. As of Dec. 31, 2021, the company has 38 bank partners on its platform, more than triple what it had a year earlier. Better yet, transaction volume (i.e. the sum of all loans originated on its platform) surged 241% to $11.8 billion in 2021. In turn, revenue skyrocketed 264% to $849 million, and the company generated free cash flow of $153 million, up from $10 million in 2020.
UPST- you can buy in the pre if you want.> (UPST) NasdaqGS - NasdaqGS Real Time Price. 83.96-5.77(-6.43%) At close: April 12 04:00PM EDT 84.52+0.56(+0.67%)<----------Flat Pre-Market:07:41AM EDT
--Dave & Buster's deal for Main Event 'very positive' for growth, says Jefferies 07:42 PLAY --Dutch Bros initiated with a Buy at Gordon Haskett 07:27 BROS Gordon Haskett analyst Jeff Farmer initiated coverage of Dutch Bros with a Buy rating and $64 price target. The company is "without peer" when it comes to brick and mortar value creation potential over the next five years, Farmer tells investors in a research note. The analyst believes Dutch Bros has recently reached a unit development and "value creation tipping point" and that it should deliver a multi-year run of high-teens unit growth and 35% EBITDA growth. --Agrify announces multimillion international VFU customer agreement with BioCann 07:04 AGFY Agrify announced it has signed a definitive agreement with BioCann Pharmaceutical Company, a prominent cannabis cultivator located on the island of Madeira, in Funchal, Portugal. Under the terms of the Agreement, Agrify will install 190 VFUs for BioCann's 25,000 sq. ft. cultivation facility along with access to the Agrify Insights cultivation software. BioCann will be purchasing Agrify's cultivation equipment for $4M, and a 5-year SaaS agreement for Agrify Insights for $2.1M. The first set of 10 VFUs will be installed in the next 3 months, with the remaining 180 units scheduled for Q1, 2023. "We are thrilled to begin introducing our advanced cultivation and extraction solutions to the European market through our customer engagement with BioCann," said Raymond Chang, CEO of Agrify. "With many countries moving towards legalization and the European cannabis market being one of the largest in the world, the European Union represents a significant market opportunity for Agrify and we look forward towards additional international expansion." --Ginkgo Bioworks and FREDsense partner for water quality biosensors 07:03 DNA Ginkgo Bioworks and FREDsense Technologies, a water quality platform company leveraging synthetic biology to build field kits for analysis, announced a partnership to build biosensors for water quality monitoring and detection. Through this partnership, Ginkgo seeks to build four distinct microbial strain biosensors, compatible with FREDsense's field-ready hardware for remote water quality monitoring applications. FREDsense builds portable solutions to efficiently assess the chemicals in the water at the source, allowing for rapid modification of water treatment processes in real-time without the need for external lab equipment. The biosensors in development by Ginkgo aim to enable real-time field detection of harmful molecules, and may be used to generate solutions for groundwater and industrial water management systems.
"Watch and learn"? Right. Chewy's down 48% yoy so... $43.70. UPST actually has earnings, and forecast earnings are pretty strong, so it might run from here into their earnings report. If tech goes up it'll certainly go up. If tech goes down, it's going down too. Priced to perfection though. One hiccough and the thing will drop like a rock. As these type of stocks go, this one is probably one of the better ones. The savant says it's going up today. 27K shares were on the tape by 5AM. Usually a good sign on a stock like this. That number should be zero. At 5AM at least.
I did. So far you missed the bottom by 7%. I don't think you'd make it at a fund with a call like that. Maybe it's better to just keep your mouth closed?