This is a perfect example of when the fundamentals driving the stock's story, merge with T/A on the chart. Look at this damn thing. Tell me SNAP is not gonna hit $90 soon. Best tech stock out there, I don't care what you say Stoney EDIT: ok maybe $90 is a stretch near term, but $74 looks easy.
Looking strong. I have 3 concerns with snap. I'm not sure I can remember them. Let's try: 1> Biden is about to release a gotcha bill aimed at tech. 2> Cathie Ark sold out mid June. 3> FB this week started their copy cat feature which auto erases after I think 15 days. SNAP appears well positioned but I'm not quite sold on the future growth opportunities. Easier for me to understand CPNG.
Van what do you think here? Spero Therapeutics, Inc. (SPRO) NasdaqGS - NasdaqGS Real Time Price. Currency in USD 15.78-0.61 (-3.72%)
Stoney, if 80% of folks under 30 are using Snap Chat at least once per day, and have been for quite some time, there's absolutely nothing FB can do to migrate that base. The messaging part is nothing anyway, its the immersion into the Snapiverse... augmented reality, 3d movies, music, art, users earning $1,000,000 per day if they create something cool. Its an addiction. Not unlike FB in that regard. Plus Biden's team isn't gonna mess with SNAP. Why would they? And what does "Biden is about to release a gotcha bill aimed at tech" even mean? How are you defining "tech" in that statement? IBM? NVDA? AMD? GOOG, FB, AMZN, ... and 10 dozen other companies? What does that mean? Stoney, there's different types of stocks. Growth stocks are pricey. If the whole group falls out of favor, yes they all go down... but when growth stocks are where the money is flowing, I want to own the premium growth stock. Nothing out there holds a candle to SNAP. Their revenue growth puts them in the league of very few companies. If FB were smart, they'd buy them Now that might get a response out of team Biden. Moving on... Coupang is in the running for the first stock EVER to be removed from the G4G portfolio. Its a dog and it's not going anywhere anytime fast. S Korea is saturated and Japan/Malaysia is gonna cost them a fortune to build out the required logistical infrastructure. I mean I don't think it'll dip below $35 anytime soon, but I don't see $50 in the cards for awhile either. Sure it'll get upgrades and spike, but it'll come back down. Dead money near term.
i do think from following the movements this week about the loan refinancing that smart money is worried about debt with coupang, and that there is worry over the build out and further red ink. i might not sell quite yet, not sure
Oh one more thing on SNAP Stoney. Look at yesterdays chart. Look at what happened at 1:35PM. Someone came in and bought 1.2 million shares in one fell swoop. $70+ Million dollars! Know when the last time I saw something like that intraday. I saw it on Roblox at $72... and 2 weeks late it took out $90. Look at yesterdays chart.
Van Disney in Granny Shorts Now!!!! This came out over the week past NRG Energy upgraded to Conviction Buy from Buy at Goldman Sachs 19:00 NRG Goldman Sachs analyst Michael Lapides is adding Buy rated NRG Energy to his firm's Americas Conviction list following its analyst day and emerge even more positive. Cash inflows in 2021 should recover materially and Lapides expects robust free cash flow in 2022-2023, driven by NRG's retail business and a return to more normal operating conditions after Winter Storm Uri significantly weighed on Q1 2021 results. The analyst sees strong growth off of 2022 even with the mid-year 2022 retirements of multiple coal plants in Illinois and Delaware. However, his numbers do not assume the cash inflow and lost EBITDA associated with the announced pending sale of 4.8 GW of fossil power plants. Lapides also raised his price target on the stock to $57 from $46. NRG NRG Energy $42.01 +1.48(+3.65%)
DIS Disney $177.92 +0.65(+0.37%) Disney gives up gains after Information says U.S sub growth has slowed 13:30 DIS Show Related Items >> Disney+ U.S. subscriber growth has 'slowed sharply,' Information reports » 13:29 DIS U.S. subscriber growth at…
Agrify Corporation (AGFY)-Almost a double! NasdaqGS - NasdaqGS Real Time Price. Currency in USD 14.80+1.84 (+14.20%)<------------- As of 1:38PM EDT. Market open.