@adoo Any views on FUTU? Tencent-backed HK-hq robinhood-ish app for China. Super high growth, already profitable, and compared to a CRWD, dare I say priced "cheaper"? They just expanded to Singapore, i signed up and waiting approval, but app experience so far looks legit and they managed to get license here; doesn't seem like a scam. https://ir.futuholdings.com/static-files/717f412b-f92d-426c-9c5e-152c050a259d This is the kind of stock i would have bought w/o thinking a few months ago, but current valuation worries have me thinking twice now haha. edit: FUTU, cap: $17.2bn Revenue: $427m, 211% growth Net income: $171m, 699% growth non-gaap adjusted net income: $175.9m CRWD, cap: $44.2bn revenue: $874m, 82% growth net income: -$92.6m non-gaap: $62.6m edit 2: Citi has a $230 price target.
Fed expects to keep its key rate near zero through 2023 https://www.barchart.com/story/news/1334557/fed-expects-to-keep-its-key-rate-near-zero-through-2023 Greeen, uncle J rocks!
We know what they are going to say before they say it. But... it doesn't stop the mass-market panic selloff hours before... it's all just algorithms shaking the tree, isn't it? This happens every single time the Fed is scheduled to talk. I was prepared this time. Bought some dips.
viscerally, no. TA wise, no atm if i miss, i miss btw, a comparison of non-GAAP data would not be meaningful
just out of general practice been buying a bit every dip and trimming a bit every tip everyday while this goes sideways to squeeze some return. i'd like to think it helps but in long run probably doesn't add up to much haha.
Interesting, i'll look further into this over the weekend - are they a consolidator? For CPG i've been holding MWK since $20+, best thing about them is that they acquire coys which are too small to go public themselves at low multiple and improve operating leverage when acquired.
I don't know what you mean by a consolidator. They're just a CPG company like P&G or Unilver. This isn't a 2-bagger play but I figure if the market tanks, the downside is limited for them and they do have a growth catalyst with condoms.
i see. by consolidator, i guess i meant serial acquirer. hopefully it isn't just acquisitions to inflate numbers, but to pick up bargains in small businesses that have limited means to cash out/exit since they it's harder for them to go public.
Found the value of the contract - $24m obligated, potential award up to $47m for testing up to oct. This site is great for tracking federal gov contracts: https://www.usaspending.gov/award/CONT_AWD_75D30121C10593_7523_-NONE-_-NONE- Also found contracts for other companies i'm tracking - blacksky, spire global, dlh corp, etc.
on the heels of Powell's repeated assurance, 10-yr yield goes up some more, meaning that the bond market doesn't believe Fed Chair Powell can managing inflation thus, the blood bath on techs continues one of my AAPL credit spreads got assigned, exit the balance of the spread on the flip side, my GM and financials are rising
Oh hey another dip, hoping it continues to bleed well into the weekend so I can get some of my cash back in soon. I'm not a very patient person and I'm surprised I haven't already shoved it back in yet.
so, who is smarter, the bond market or the stock market ? my bet was / is / will always be on the stock market
The Feds job shouldn't be to pump up the market. It seems like asset prices have skyrocketed with high unemployment. People can't afford to pay rent, but housing prices have soared.
We'll see how long that holds. If inflation does pick up because of the stimulus bill (and the economy recovering from covid), they'll change their tune quickly.
did you listen to his conference. his job is, first and foremost, to grow the economy u do know that, the 10-yr yield was 0.8% last Dec., > 1% just before the Biden inaugural, ~1.5% early Mar, 1.8% today, no? Inflation has been picking up even before Biden's stimulus package. According to Goldman Sachs, w the stimulus package as the economic tailwind, US GDP will likely grow in the 6-8% range in 2021. The US economy has not grown this fast since the beginning of the Silicon Valley in the early 1990s. there is a remote possibility that US's GDP may grow faster than China's in 2021
ASPS is about prime for picking up. I've been researching it for a year now and I'm going to start buying tomorrow into the next few weeks if it drops more. And RBLX within 6 weeks will be in the 40's and I will hopefully be able to pick some up long term.
Do you anticipate Biden's package having more of an impact than Trump's? 6-8 is more than good enough, obviously much more than that it can be painful. In Trump's hands the indication was probably about 4 at the most.
I'm scared to buy this dip. tech stocks still above last week's low, if it drops below that time to buy?
Their goal is to max employment. Lower rates help businesses too. Given current unemployment I think it makes sense. This isnt like trump in late 2019/early 2020 pushing for lower rates and even suggesting negative rates when the economy was hot and unemployment was low.
Don't know how long this panic will last, but posting above as a reminder, market freak outs over rates/yields aren't unusual, and I wish I could rebuy the shares I own at 2019 prices.
