PERI doesn't ring a bell for moi. And yeah I have your StockTwits ID from back in the old days. I just never felt compelled to make an account there. I like ET... plus I'm lazy.
2 Ideas For Christmas-- I left you all with some ideas yesterday. 8X8 looks like the best of the bunch. I wonder if SQM is a way to play Lithium a bit safer? They are raising $'s to expand production. A) EGHT- B) SQM-
SQM set for capital raise to boost lithium expansion plans Dec. 23, 2020 9:54 PM ETSociedad Química y Minera de Chile S.A. (SQM) Sociedad Química y Minera de Chile (NYSE:SQM) says its board will launch the process of raising $1.1B through the sale of common stock to help underwrite an ambitious expansion of its lithium, nitrate and iodine operations. The company says it will call an extraordinary shareholders meeting on Jan. 22 to approve a proposal to issue 22.4M of the company's series B shares. SQM says the capital will help finance its previously announced its four-year $1.9B investment plan, which aims to more than double its capacity to produce lithium carbonate in Chile to 180K metric tons/year from the current 70K mt/year. Funds also could be applied toward the company's Mount Holland lithium project in Australia; a final investment decision on that project is anticipated in Q1 2021.
8x8 gets Street-high price target as Needham names company a 2021 top pick Dec. 23, 2020 4:47 PM ET8x8, Inc. (EGHT)8x8 (NYSE:EGHT) shares closed today up 2.9% today to $34.56 after Needham called the company a top pick for 2021. Analyst Richard Valera maintains a Buy rating and raises the price target from $35 to $40 on the cloud communication stock, which has an "ample opportunity" to outperform next year as the operational improvements continue. Valera notes that new CEO David Sipes, who is RingCentral's former COO, brings an "impressive and ideal background" to the company and will likely accelerate those operational improvements. The analyst names 8x8 to Needham's Conviction List. Yesterday, 8x8 was named as one of Oppenheimer's top cloud and communications picks for 2021.
There's light volume and there's light volume yesterday SQM traded aprox 560 shares... I have to Double check but a shockingly low number. Usually volume plays a roll in my decisions. Now will Apple develop a non lithium battery? <-- Q. Electric cars require rechargeable batteries to hold their electricity. And rechargeable batteries require lithium for their construction -- quite a bit of lithium as it turns out. According to Tesla-watcher Electrek, just one single Tesla Model S battery contains "about 63 kg of lithium." As Tesla builds more of its Model Ses (and Model Xes, 3s, and Ys as well), and as major automakers including Ford, General Motors, and Volkswagen gear up to follow suit, demand for lithium is bound to rise. Recently, mining consulting firm Wood Mackenzie estimated that in order to meet demand for lithium to build all the batteries that will power all the electric cars flooding the roads over the next five years, producers must increase mining output by 800,000 tons of lithium carbonate equivalent annually. Who will produce all this extra lithium? Companies like Albemarle (NYSE: ALB), Livent (NYSE:LTHM), and Lithium Americas (NYSE:LAC) will certainly do their part. But if you ask me, the company best positioned to supply the rising demand for lithium -- and the best lithium stock to invest in -- is Sociedad Quimica y Minera de Chile. Why? The answer is right there in the name: de Chile. Chile boasts the world's largest reserves of lithium metal -- some 8.6 million metric tons of the stuff, according to website Statista.com, or three times the reserves of runner-up Australia. And Sociedad Quimica y Minera -- SQM for short -- is based in Chile. It's in the right position for times like these when lithium is in such great demand. Mind you, at a valuation of 39.4 times trailing earnings, SQM stock is not cheap. But it is cheap-er than rival Livent. It carries a lighter debt load than rival Albemarle, and in contrast to Lithium Americas, which has yet to establish commercial scale production, SQM is doing $1.8 billion in annual sales -- profitably -- and generating positive free-cash flow to boot. In fact, it's been free-cash flow positive every year for the past decade. As bets on the electric-vehicle revolution go, Sociedad Quimica y Minera is one of the surest I know.
A gummy before Christmas? Local legend says 7 must die..... LiveXLive Media rallies on acquiring e-commerce merchandise company Dec. 24, 2020 7:16 AM ETLiveXLive Media, Inc. (LIVX) After seeking strategic opportunities review from J.P. Morgan, LiveXLive Media (NASDAQ:LIVX), closed the acquisition of Custom Personalization Solutions (CPS) in an all-stock deal valued at ~$12M based on Dec.22 market close price. CPS, a group of fast-growing web-oriented businesses specializing in the merchandise personalization industry, will operate as a wholly owned subsidiary of LiveXLive. Acquisition is expected to be immediately accretive to shareholder's equity and additive to earnings and includes ~$5.2M of estimated working capital. Through the deal, the company's position will be strengthened in the global licensed merch market, which is expected to reach $400B by 2023. Shares are up 13.9% premarket.<---- But Hold Up Shares were down 9% yesterday so diff is only 2%!!! LiveX Is The Gummy of The Day!
A Form 4 filing filed with the SEC on Thursday, December 17 showed that CFO & Secretary Quartieri Michael bought 19,255 shares at an average price of $2.90. The transaction moved the executive's stake in LiveXLive Media Inc. to 19,255 shares.