FlowBank

1176 days ago

Affirm stock skyrockets post IPO

You can read about Affirm here ; the payment company who showed a great leap in price performance on public markets as the stock's value jumped from $50 to $97 earlier yesterday. 

#Stocks

1176 days ago

Intel broke out as CEO quits. Will the stock catch-up with the performance of other semiconductors?

After two years at the helm, news broke yesterday that Bob Swan will be stepping down from his position of CEO of Intel (INTC). He will be replaced by VMware (VMW) CEO Pat Gelsinger on February 15th. While INTC has been a significant underperformer over the past year—it is the only semiconductor stock in the S&P 500 that is lower than it was one year ago—the immediate response from the market to the news has been overwhelmingly positive as the stock gained 7% which would be its best day since March of last year around the time of the bear market lows. Will Intel close the performance gap with other semiconductors? - source: Bespoke 

#Stocks
Intel chart

1176 days ago

Goldman new target price on Tesla implies 8% downside

GS: "Our 12-month price target of $780 is based on 15X Q5-Q8 EV/revenue". Also GS continuing on the press reports after close: "The fact that NHTSA has been investigating this has been previously discussed in media reports in June 2020 and stated to be a problem with the eMMC memory. Tesla had already been offering an extended warranty, and switched to a new product in 2018 that doesn't have the same issue. The financial impact will depend on the price of repairs and final number of units that are fixed, and if there is any change to Tesla's warranty accrual. Investigation into reports of unintended acceleration concludes issue is from driver error"

#Stocks
Many analysts are bullish on Tesla stock. Will we see more downgrades coming?

1176 days ago

Chart of the day: Chinese Tech ADRs surged as WSJ reports Americans will be allowed to invest in Alibaba, Tencent and Baidu (after all)

After weeks of confusion whether US investors would be barred from investing in Chinese gigacaps, moments ago the WSJ reported that the U.S. government - under Joe Biden - is expected to let Americans continue to invest in Chinese tech giants Alibaba, Tencent and Baidu "after weighing the firms’ alleged ties to China’s military against the potential economic impact of banning them." - source: www.zerohedge.com 

#Stocks
Chinese ADRs chart

1177 days ago

Goldman's Survey: 89% of investors are sure global stocks will go up this year

Question: In 2021, global equity returns in $ will be? - source: The Market Ear

#Stocks
In 2021, global equity returns in $ will be?
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