1175 days ago
Someone completed the challenge of "finding a basket of non-penny stocks where Tesla is the laggard". Here is the price progression of 4 stocks since the beginning of the year. Gamestop +109%; DoorDash +47%; Airbnb +26%; Tesla +21%.
1175 days ago
Gamestop (GME) rallied 57.4% on Wednesday and was up another 27% yesterday, reaching one of the highest levels since November 2015. One likely factor behind the stock's move has been a short squeeze of the company's massive short base. For more than a year now, short interest as a percent of equity float has been around or well above 100%. The most recent reading as of the end of 2020 was 144.33%. In other words, there have been far more shares sold short than are available to trade. In the table below, Bespoke shows the 30 Russell 3000 stocks with the highest short interest as a percentage of equity float. Across these names, they are up for an average of 15.76% in 2021, with only three not in the green: National Beverage (FIZZ), Acutus Medical (AFIB), and B&G Foods (BGS). Including GME, the largest number (7) of these most heavily shorted stocks are retailers. In fact, Dillards (DDS) and Bed, Bath, & Beyond (BBBY) both find themselves in the top 5 alongside GME. The former has over 90% of its float shorted while nearly two-thirds of BBBY's float is sold short - source: Bespoke
1176 days ago
Throughout 2020, Blackrock attracted $391 billion of total net inflows, reflecting an organic growth of 5%, led by record flows in cash, an active equity and alternative investment amid robust demand in fixed income. Long term investment flows rose $116.2 billion during the fourth quarter, with fixed income accounting for $62.7 billion and equity funds soaring by $48.1 billion.
1176 days ago
The past year has not been the best for value stocks. In fact value stocks have had their worst relative decade versus growth companies. Source: FT
1176 days ago
These are the P/E ratios for major S&P 500 stocks. Have a look at the color scale at the bottom right. This looks promising, does it not? Should we keep this to show it to our grandchildren as a warning?
