Why The Fed's take on inflation is wrong- While American companies just rode the wave of inflation to record profits, BofA’s corporate misery indicator now points to “a bad inflation environment” that could hurt profit margins. The indicator, which compares the growth rates of the real economy and consumer prices against wage growth, has shown a close relationship with the profit cycle. Gina Martin Adams, chief equity strategist at Bloomberg Intelligence, echoes the concern, noting consensus margin estimates have fallen for 140 companies in the S&P 500 during the past three months and are driving variation in returns among stocks. Over the stretch, firms whose margin estimates fell saw their stocks slide about 1% on average. That compared with a 5% gain for those with rising margin forecasts. More ominously, a peak in margin forecasts foreshadowed four of the S&P 500’s largest routs in the last decade, including the one last year, BI’s study shows. “Longer-term forecasts have been persistently higher as analysts see cost pressures as largely temporary, but sustained inflation numbers threaten to eat away at company profitability,” Martin Adams wrote in a note. “If the August stall in expectations turns into an outright decline, it’s likely to lead to a drop in the market at large.”
MSGM-- Readers may know I have a soft spot for this co. The problem is it never gets volume/ So even as the Bottom Sniffer did correctly sniff out the bottom.. we really haven't had any surges in volume. Never the less here we are with a $10.60 stk on Sept 8th & presently we are up almost every day last week to $14.70. Vol Fri 14,436. Yup. 14K. Up 3.8% So bit of a quandary here what to do)
What's a rolling correction? Sector rotation? Big deal, that has went on for the last 80 years. That's the way the market works. One day tech is in, the next consumer staples are in. The fact remains, both the S&P and Nasdaq are up nearly 40% since you claimed this to be the case: Two steps up, one step down, over time, is hardly a "MARKET" top. It's a 45 degree angle up and to the right. Now, as we enter the latter part of Sept into and Oct, the entire world is bearish. Bond traders the most. This is no secret Stoney, so if we get a 5% sell-off next week... spare us the "I'm a savant" diatribe. The powers that be have been saying this for several weeks now. As always... its a stock pickers market.
I covered this already. Copart provides a service to multi-billion dollar market-cap insurance companies. They store and broker the vehicles. They never take ownership and then resell them. Don't be stupid. Try to understand a business model a little bit before you proffer up an opinion. And of course a range of $138 to $169 is obvious on a company that just had a blowout quarter and made a new all-time high from $136 to $152. Not savant. Savant is finding it, bringing it to the thread, predicting a blow-out quarter, and predicting a new all-time high. Again! They don't buy anything, except maybe more real-estate to store more cars for their customers... the insurance companies. Regarding the ceo selling shares... he has a right to at age 70 having built this company from scratch, and note... he did it AFTER earnings, not before. Big difference. The man is certainly entitled to reap the rewards of his genius.
What We Do Copart specializes in the resale and remarketing of used, wholesale and salvage title vehicles for a variety of Sellers, including insurance companies, rental car companies, local municipalities, financial institutions and charities. Copart’s extensive inventory is housed on more than 8,000 acres of land and includes an array of vehicles to ensure Members can find what they’re looking for from classics and exotics, early and late model cars and trucks, to industrial vehicles and more. Copart sells over two million vehicles each year, so there’s something for everyone: dismantlers, body shops, salvage buyers, dealers and individual consumers.
After Stoney's perfect top-tick once again and the subsequent 20% drop to $14.50, I'm going to FINALLY (conditionally) upgrade DIBS now with a buy under $15 and a target of $24. All bets off until the Powell speaks however. It could easily dip to $13 again near term. As I warned several weeks ago, the markets will remain volatile as money moves around. _________________________________________________________________ 1stdibs.Com, Inc. (NASDAQ DIBS) Given Consensus Rating of “Buy” by Analysts Posted by ABMN Staff on Sep 19th, 2021 Shares of 1stdibs.Com, Inc. (NASDAQIBS) have earned an average recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $29.25. Several brokerages have issued reports on DIBS. JMP Securities started coverage on 1stdibs.Com in a research note on Tuesday, July 6th. They set an “outperform” rating and a $31.00 price objective on the stock. Raymond James decreased their price objective on 1stdibs.Com from $30.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, August 12th. Evercore ISI started coverage on 1stdibs.Com in a research note on Tuesday, July 6th. They set an “in-line” rating on the stock. Barclays started coverage on 1stdibs.Com in a research note on Tuesday, July 6th. They set an “overweight” rating and a $35.00 price objective on the stock. Finally, Bank of America started coverage on 1stdibs.Com in a research note on Tuesday, July 6th. They set a “neutral” rating and a $28.00 price objective on the stock. Shares of DIBS opened at $15.03 on Friday. The company has a fifty day moving average price of $18.22. 1stdibs.Com has a 1 year low of $12.25 and a 1 year high of $35.46. 1stdibs.Com (NASDAQIBS) last issued its earnings results on Tuesday, August 10th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.21). On average, equities research analysts predict that 1stdibs.Com will post -0.76 EPS for the current year. In other 1stdibs.Com news, CEO David S. Rosenblatt bought 44,197 shares of the firm’s stock in a transaction on Monday, August 16th. The shares were acquired at an average cost of $14.89 per share, for a total transaction of $658,093.33. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG purchased a new stake in 1stdibs.Com during the 2nd quarter valued at about $174,000. Man Group plc purchased a new stake in 1stdibs.Com during the 2nd quarter valued at about $220,000. Morgan Stanley purchased a new stake in 1stdibs.Com during the 2nd quarter valued at about $224,000. M&T Bank Corp purchased a new stake in 1stdibs.Com during the 2nd quarter valued at about $251,000. Finally, Northern Trust Corp purchased a new stake in 1stdibs.Com during the 2nd quarter valued at about $274,000. Hedge funds and other institutional investors own 45.03% of the company’s stock. About 1stdibs.Com 1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company was incorporated in 2000 and is headquartered in New York, New York.
This might help your PFE tomorrow... ++++++++++++++++++++++++++++++++++++ U.S. Nears Deal for 500 Million Pfizer Doses to Give Abroad By Drew Armstrong The Biden administration is negotiating with Pfizer Inc. to buy an additional 500 million Covid-19 vaccines to donate globally, a person familiar with the matter said, doubling the government’s commitment to helping less-wealthy countries. A deal is expected to be announced in the coming days, ahead of an international Covid summit Biden has called for on the sidelines of the United Nations General Assembly, according to the person, who spoke on condition of anonymity because the information isn’t yet public. +++++++++++++++++++++++++++++++++++++++++++
Hey wizard of oz.... Which bottom call are referring to(?), because this particular Stoney bottom call saw a 30%+ drop to the $8's. I guess if "readers" don't use stops and can stomach a 30% drawdown... its one of the 300 winners. What if it drops again? What are you basing the call on now? I mean it looks ok, what's the catalyst though?
Digging deeper, from the 10Q: These are all the wrong direction. Revenues were $2,238,927 and $3,888,817 for the quarters ended June 30, 2021 and 2020, respectively, a decrease of $1,649,890 or 42%. With lower revenues, our Gaming segment gross profit was $1,336,176 and $2,621,003 for the three months ended June 30, 2021 and 2020 General and administrative expenses were $4,717,180 and $582,408 for the three months ended June 30, 2021 and 2020, respectively, an increase of $4,134,772. ++++++++++++++++++++++++++++++++ Perhaps the reason for the low volume is there are over 8M shares that are no longer locked up from the ipo, none of which have been sold. I'd expect any strength with volume from retail players resulting from a news event will be sold into, capping the stock for awhile. Latest Q reported 8/11
Thanks for the heads up! We'll see where it ends, PFE didn't sell off friday, this could show most of the fall is (temporary or not) over. I had I great 'adventure' with CPRT last days. A week ago when CPRT was around 142 I bought a bunch of speculative calls 17 sept 150. I had totally written these off when suddenly wednesday price bumped up a lot. Thursday at the close when trading around 152 i decided to take profit on the calls by shorting the shares ( and keep the calls) because a little cool off seemed likely. Then, friday as a gift, it sold off- doubling the profits