i'm back from the metaverse to the real-world with covid headlines again. (no lockdowns or covid in Decentraland, fyi). i'm shifting gears, making big portfolio changes -- getting ready for a long, cold, locked-down winter. i'm out of oil, back into AMZN, and bought put-LEAPS on travel and tourism. sorry if i'm a buzz kill. i'll put on my VR goggles now.
Stoney!!!!! I've been de-savanted! All I can say is buy SNAP at $52.50!!! It might never be this cheap again.
Hmmm, with the most recent quarter and the upcoming guidance for company profitability these preferreds look enticing. (POWWP) par is $25 so you pay some premium. shares aren't callable til 2026 under normal conditions unless there is a "change of control" (they could be called sooner then). Meanwhile, they pay $2.19/yr IF they make money. biggest risk seems to be whether you can hold for enough divvies to offset the premium paid. 52 week range 24.7-30.83 currently 27.20ish
I agree. They had a great report. I think its going back up. Give it a few weeks. It bounced off the 50 day and the 200 day is at $56. As for today, I think it can close at $52 but we'll see. As a rule of thumb, never catch a falling knife, but I think FL may be an exception.
<<<<< THE Saturday Review >>>>>>> A safe place for stocks- Good Saturday it is getting cold here on the east coast. Everyone is talking about NY Ninja. A movie that is coming made from an old negative with Hong Kong martial arts hero John Liu. This is must see stuff! I used Seat Geek... That's not Vivid Seats. I purchased tickets for Diu Lupa for my kid and his friends. It was very expensive X-mas gift so we have to make some quick money in the market -- let's do this! READ AS YOU WOULD A NEWSPAPER- Levi Strauss CEO: Lots of pent up demand among consumers 18:47 LEVI In an interview on CNBC's Mad Money, Chip Bergh said Levi's brand is incredibly strong and he's expecting a solid holiday season. "We have a great story to tell on ESG efforts," he added. The company is focused on reducing water and chemicals in its supply chain. Also, its "buy better, wear longer" advertising strategy really resonates with young consumers, he noted. LEVI is $27 we bought some ages ago for $21. Get this back in the $24-$26 range and hop on. OPTION Corner)))) LONG PLTW. Palo Alto Networks CEO: This was our best first quarter in five years 18:24 PANW In an interview on CNBC's Mad Money, Nikesh Arora said Palo Alto Networks had it's best first quarter in five years, with year over year revenue and billings growth of 32% and 28%, respectively. "We're accelerating at scale," he noted. News-> Conagra Brands issues voluntary recall of certain Birds Eye Broccoli Tots for embedded farts. Hugely Important-) Raytheon Technologies unit selected by MDA to develop hypersonic interceptor 17:23 RTX Raytheon Missiles & Defense, a Raytheon Technologies business, has been selected by the Missile Defense Agency as one of the companies to develop and test the first interceptor specifically designed to defeat hypersonic threats. The weapon, called Glide Phase Interceptor, will defeat a new generation of hypersonic missiles - weapons that travel more than five times the speed of sound and manuever rapidly in flight. GPI will intercept hypersonic weapons in the glide phase of flight, which occurs once a missile has re-entered Earth's atmosphere and is manuevering toward its target. The initial development phase will focus on reducing technical risk, rapidly developing technology, and demonstrating the ability to intercept a hypersonic threat. Developed on behalf of the MDA, GPI will be integrated into the U.S. Navy's Aegis Weapon System, a ship- and shore-based defense system. On Gambling) BUY RSI- (Before ESPN does!!!!) BET ESPN:Roth Capital analyst Edward Engel told investors in a research note that ESPN's interest in online sports betting, or OSB, presents one of the biggest catalysts he sees for online gaming stocks. Disney (DIS) has hinted interest in OSB, where management believes ESPN's media presence offers significant synergies. The analyst believes an announcement of an ESPN sportsbook would send DraftKings shares lower, where he'd expect material cannibalization to industry leaders. On the other hand, Engel sees this as a positive catalyst for Rush Street Interactive (RSI), given his view that an RSI takeout provides the best avenue for ESPN attaining market access. <----- Market access is reportedly a key deterrent for ESPN expanding into OSB. For a BetESPN product to achieve scale, it would need to acquire an incumbent, Engel noted. According to the analyst, the most likely targets are RSI and PointsBet (PBTHF). RSI offers market access in more states than PointsBet as of now. Unlike DraftKings, Roth Capital believes Penn National (PENN) would be more insulated from potential ESPN cannibalization, citing user loyalty for the Barstool brand. Additionally, Penn has a sizable opportunity to take share in iGaming, while an ESPN sportsbook would offer limited cannibalization to iGaming-first users Engel contends. The analyst concluded Penn has a sizable opportunity to take share in iGaming, while an ESPN sportsbook would offer limited cannibalization to iGaming-first users. FIVN should bounce--> Five9 call volume above normal and directionally bullish 15:25 FIVN Bullish option flow detected in Five9 with 7,167 calls trading, 2x expected, and implied vol increasing over 1 point to 44.60%. Nov-21 160 calls and Nov-21 155 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.62. Earnings are expected on February 22nd. Foot Locker worth $77 on a bad day) Foot Locker price target lowered to $80 from $91 at Jefferies 13:58 FL Jefferies analyst Janine Stichter lowered the firm's price target on Foot Locker to $80 from $91 and keeps a Buy rating on the shares following "another sizable EPS beat" in Q3 that was accompanied by an outlook that assumes a more tepid pace of growth versus earlier in the year. Supply chain challenges appear manageable for Foot Locker, but create uncertainty that likely contributes to the company's "near-term conservatism," said Stichter, who add that she views the company's current sales and margin momentum as "encouraging" and thinks the shares are still inexpensive. Infrastructure idea- Stifel calls Atlas 'most underappreciated infrastructure stimulus play' 13:48 ATCX Stifel analyst Noelle Dilts continues to view Atlas Technical Consultants "as the most underappreciated infrastructure stimulus play in our coverage universe." Atlas is seeing "meaningful demand recovery" in key markets and its backlog ended the quarter at a record $757M without including $175M of new awards that are pending, Dilts tells investors in a research note. Demand for the company's services is benefiting from strong secular industry tailwinds, which should support multi-year organic growth, says the analyst. Dilts views President Biden's infrastructure bill as a "major positive" for Atlas, saying funding from the bill is anticipated to begin impacting the company in late 2022 or early 2023. Important development- Visa CFO tells Reuters he expects to reach resolution with Amazon in UK 13:38 V, AMZN Visa (V) CFO Vasant Prabhu told Reuters that he expects to resolve the company's dispute with Amazon.com (AMZN) in the United Kingdom and hopes to continue the companies' co-branded credit card partnership in the United States. "We've resolved these things in the past and I believe we'll resolve them in the future. It is our expectation that there will be a resolution so that UK consumers are not impacted," Prabhu is quoted by the news service as having said in an interview on Friday. Bio idea) Roth Capital 'very bullish' on Immunic's IMU-838 in multiple sclerosis 13:35 IMUX Roth Capital analyst Zegbeh Jallah keeps a Buy rating on Immunic with a $64 price target after the company announced that the first patient had been enrolled into its ENSURE clinical program of IMU-838 in relapse-remitting multiple sclerosis. The analyst remains "very bullish" that multiple sclerosis could be IMU-838's first blockbuster indication. While data from these studies are unlikely to be available during 2022, Immunic does have several other 2022 catalysts, Jallah tells investors in a research note. Amazon testing raises questions on range of Rivian vans, The Information says 13:19 RIVN, AMZN The Amazon (AMZN) executive overseeing development of Rivian's (RIVN) electric delivery vans says the company is on schedule to put 10,000 vans on the road next year, but one of the drivers involved with testing the vans claims their range is more limited than what Rivian disclosed ahead of its initial public offering earlier this month, according to Mark Di Stefano of The Information. ? OF THE WEEK> UWM Holdings rises 18.4% 12:00 UWMC UWM Holdings is up 18.4%, or $1.01 to $6.54.? SONY STILL GOING STONG- Xbox game 'Forza Horizon 5' draws over 10M players in first week 11:24 MSFT Microsoft's latest PC title and Xbox console exclusive "Forza Horizon 5" reached over 10M players in its launch week, marking the biggest first week in Xbox history and Xbox Game Pass, according to the Twitter account of the "Forza Horizon" franchise. Lets check in on our Delta- Delta Apparel reports Q4 EPS 96c vs. 71c last year 10:08 DLA The company reported yesterday Q4 revenue $114.7M vs. $116.7M last year. Robert Humphreys, the Company's Chairman and CEO, commented, "Our fourth quarter and full year performance, which outpaced our expectations, showcases the strength of our unique business model servicing diversified sales channels using our innovative supply chain technologies and vertically-integrated, flexible manufacturing platform. We ended the fiscal year on a positive note, with broad-based fourth quarter top line performance and solid margin expansion. I am incredibly proud of our entire organization whose hard work has enabled us to post these extraordinary results. Brand awareness and consumer engagement with Salt Life is at an all-time high, which is driving exceptional growth in our branded retail stores as well as our wholesale business. Within our Delta Group, we continue to see strong demand from brands, retailers and retail license accounts utilizing our comprehensive and diverse services. With record-level manufacturing output we are rebuilding our inventory levels and I am confident we are poised to continue to deliver outstanding results in fiscal 2022 and beyond. We believe our solid financial position, including historically low debt leverage at only 2.5 times EBITDA, and strong cash flows allow us to fund our growth initiatives while also providing liquidity for other actions to increase shareholder value." Sweetgreen falls -11.3% 10:00 SG Sweetgreen is down -11.3%, or -$5.62 to $43.88.
Diversrty ChecK- I'm not buying it. guy on the far right looks bored as heck and doesn't want to be there. Paid stand in alert*****