Small and Mid caps doing unbelievable. Triple top or??? Have seen this countless times as it powers highee only to fall straight back down..
I almost had a religious experience when I saw that headline. She's gonna get the Fed to buy stocks. ZOMG !!!! Good luck to all the algorithms that try to tank the market with Darth Yellen and her Death Star ready to buy the dips. Vote Biden just for that.
Fed Snaps Up Nearly Half of $3.4 Trillion H1 Debt Sales https://www.cmegroup.com/education/featured-reports/videos/fed-snaps-up-nearly-half-of-34-trillion-h1-debt-sales.html
Overstock hahahahahah A $2 stock months ago, now trading like its a 2020 fang stock and a dot com 1999 stock. Market is getting very extreme and dumb. Can't wait too see this next market collapse. People getting way way way too enthusiastic and giddy. 116.74 USD+23.38 (25.05%) Aug 17, 2:11 PM EDT ·
They were overstocked with stock so they had to come up with sumtin. Why not? Everyone else seems to be playing musical chairs till..... Overstock Stock Has Gained More Than 1,000% This Year. One Analyst Sees More Gains to Come. Overstock.com shares, already in the middle of an astonishing rally, received a substantial boost on Monday from Piper Sandler analyst Peter Keith, who picked up coverage of the e-commerce company with an Overweight rating and $140 price target. Note that heading into his call, Overstock shares (ticker: OSTK) were already up 1,200% year to date, the result of high-profile management change last year and a refocused business targeting the home furnishings market. On Monday, the shares were up nearly 15%, to $107.20. “There are seismic forces at work that have dramatically improved the sales and profitability outlook for Overstock (OSTK) well into the future,” Keith writes in a research note. “These forces include a well-timed refocus of the business on its e-commerce home furnishings business (led by new management), combined with a structural shift in e-commerce home furnishing sales as a result of Covid. Looking forward we expect the industry backdrop to remain extremely supportive, and Oversock has a number of operating initiatives to improve sales/profitability.” Keith contends that despite the huge run, the stock looks cheap compared with other high-growth consumer tech companies. Overstock, as the company’s name implies, started life as a reseller of end-of-run, overstock, damaged, and other secondary goods. But the company’s name no longer describes its business, which is now focused on home goods, much like Wayfair (W). Keith notes that the online portion of the $300 billion U.S. home furnishings market has expanded to 32% of overall industry sales from 23% during the pandemic. “We expect Overstock to benefit from an exceptionally strong industry backdrop for the next five years as a result of both the e-com share shift, and a favorable housing backdrop,” he writes. Overstock for many years was the subject of intense scrutiny tied to its controversial longtime CEO Patrick Byrne, who stepped down from the top job last August. Keith writes that new CEO Jonathan Johnson has refocused the company on selling home furnishings. He notes that since Byrne left, the company has started a formal investor outreach program and hired a director of investors relations. Keith sees Overstock posting sales of $2.9 billion this year and $3.4 billion next year, with profits of 47 cents a share this year and $1.27 a share next year. https://www.barrons.com/articles/ov...-advises-investors-to-jump-aboard-51597677211
Ha block chain. Nope that was their last chance to ride the wave last time. That failed them and now after being left behind all of the sudden they became an at home darling stock play, but OSTK is extremely overvalued just like good old wayfair. Both of these stocks have become a millenial favorite and a complete joke. The values of both are ludacris
Evidence is when we got the medical black swan this year you didn't trade it very well at all. Unless you learn from these experiences and stop expecting ridiculous overdone crashes you'll never do well on them. When we hit bottom in March, I was posting buy ideas and you were still talking about how much lower we were going. Oh I know, Fed this Fed that and all your usual excuses why you are wrong all the time. Don't care. You won't get a "market collapse" you are even remotely happy with for decades if at all.
Fed this and fed that is absolutely correct. Here it is right from his mouth "WE PRINT IT DIGITALLY" Send all your thank yous to the fed. I will repeat without the fed the markets would be down 80% at the moment.