For what it's worth, you have better minds than Cramer on this page alone.
OT: Stock and Investment Talk
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For what it's worth, you have better minds than Cramer on this page alone.
Here is a opinion on Ethereum from Lyn Alden (long read) it breaks down what Ethereum is trying to acieve in the future with Eth 2.0.
www.lynalden.com
An Economic Analysis of Ethereum
Originally published: January 2021 The anonymous founder of Bitcoin, Satoshi Nakamoto, solved the hard problems associated with digital scarcity with a white paper in 2008, and launched Bitcoin in 2009. After that invention, numerous other projects came in its wake. There are now over 8,000...
Jim Cramer is the Stephen A. Smith of the financial world.
Anyone comfortable investing in chinese companies now with the jack ma situation and many other millionaires and billionaires dissappearing randomly through the last few years.
I just brought some VWO ETF that’s emerging market that have significant China exposure.
Just seeing about 5-7 pages about Tesla and Bitcoins tells you there’s a bubble. The only question is when is it going to burst? Maybe the end of the $1.9 trillion stimulus? I ‘m keeping a good portion in cash due to the situation and due to my age.
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Hedge Funds Beef Up Tech Holdings Before Apple, Amazon Earnings
Hedge funds have fallen back in love with technology giants after spending the final months of last year cutting back on these stocks.
www.bloomberg.com
Hedge Funds Beef Up Tech Holdings Before Apple, Amazon Earnings
Hedge funds have fallen back in love with technology giants after spending the final months of last year cutting back on these stocks.
Just days before earnings land from the likes of Apple Inc. and Amazon.com Inc., professional investors turned more upbeat the industry. On Tuesday, the cohort made its largest net buying in a month, according to data compiled by Goldman Sachs Group Inc.’s prime brokerage. As a result, their net exposure in tech megacaps jumped at one of the fastest paces in recent years.
Their renewed interest reflects confidence in the earnings power of a group whose resilience has been underlined during the Covid-19 pandemic. The big five -- Facebook Inc., Apple, Amazon, Microsoft Corp. and Google’s parent Alphabet Inc. -- are expected to report faster profit growth than the rest of the market for a 12th straight quarter, analyst estimates compiled by Bloomberg Intelligence show.
Emerging markets are popping. Using EEM and VWO in several of my accounts. Also VWIGX, which is a growth mix of international with a bias to emerging markets. No problem with exposure to China.
I bought Baba after it dipped on gov't restriction news, it bounced, then dipped again a couple weeks later again on gov't restriction news.
I sold on that second dip, and it has bounced again since, so poor timing on my part, but when there are hundreds of stocks doing well that don't have the gov't restrictions concerns that baba does, I don't feel the need to own it even if it does look like a very good company at a fair price.
Why BlackBerry Stock Has Almost Doubled in a Week | The Motley Fool
The company has settled its dispute with Facebook, which apparently is still good news.
www.fool.com
I hope you got the 87% rise in one week.
I'd say he's more like Charles Barkley in that he had a very successful career in the field in which he now is a commentator. And they are both goof balls.
Been reading about blockchain mining companies. You are right, RIOT and MARA seem to be the most mature and fairly valued (even though they will be impacted by the up and down of BTC). What do you think of Argo and Hive as lottery tickets?
Formally added BLOK to my crypto portfolio.
As far as the companies themselves I know little(have never even heard of argo). Which one of these miners are better then the others? I'm clueless.
But in terms of price action, surprisingly HIVE and RIOT are both up about 4x since Nov. I would have figured more of a move from HIVE given it started out around .50 Cents. BTCS by comparison, is up about 7x(was 15x, but like all the miners settled back), and that is strictly in Jan(didn't move much prior), so in terms of a lottery ticket, I like BTCS.
Now despite the similar moves from RIOT and HIVE since Nov, I would suspect HIVE, given it's relatively low price tag, has more upside, and I could see it going on a BTBT type run where it went from $5 to $30 in 2 weeks. I don't see RIOT jumping to $120 unless BTC itself goes on a huge run, in which case HIVE would also go on a crazy run.
Quick look at ARGO, began trading mid Dec at around .20 cents, went up to $1.50 and settled back to $1.10. So I think the above holds.
I also think RIOT and MARA will trade more in line with the Crypto's themselves, where HIVE, ARGO and BTCS could go on a big run, (and potential subsequent dip), even if the Crypto's are relatively flat or up slightly.
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My advisor (who is very conservative, so it is ironic that he is dabbling in cryptos) mentioned adding 2 "lottery ticket" companies to the portfolio. Yes, all such companies will move with BTC, but these companies may pop 5-10x the next time BTC doubles. My thinking:
80% ETHE & GBTC
10% BLOK (which covers RIOT, MARA, and others)
5% Lottery ticket #1 (likely Hive)
5% Lottery ticket #2 (maybe Argo)
Something like this.
Currently $1356.
$1400 has held as resistance twice in the past month. I guess it's really the $1448 level which is the all time high set in early 2018.
Interesting that ETH is up nicely this weekend, but BTC is not. Still slightly under 32k. Is ETH starting to get its own identity from investors? :)
Very much in agreement with this thinking.
I think you can be conservative and still dabble. The risk reward on a small position is weighted heavily towards the latter.
This is pretty fun. Beats just waiting around for the next reallocation of my actively passive accounts. HA!
Ya, and again looking at price action. ETH below it's all time highs, BTC 60% above it's pre Dec all time high, so I do like ETH in this regard.
And as you note about ETH having an identity, that is what these things trade on, recognition, sentiment, and price action. BTC certainly has the better current name recognition and has a lot of room to grow, but ETHE has more headroom in that regard as well.
Not directly stock related but negative interest rates on home mortgages. Crazy
www.theguardian.com
Danish bank launches world’s first negative interest rate mortgage
Jyske Bank will effectively pay borrowers 0.5% a year to take out a loan
Holy crap! We would definitely buy a shore house earlier than expected if this happens here.Not directly stock related but negative interest rates on home mortgages. Crazy
Danish bank launches world’s first negative interest rate mortgage
Jyske Bank will effectively pay borrowers 0.5% a year to take out a loan
I'm sure it will be a bumpy ride, but both look like good long-term bets. Plenty of risk, but worth dabbling. My biggest concern continues to be if cryptos get too big, governments will start regulatory actions.
But that requires crypto getting too big first, at which point we've done very well.
Yes, and as long as you are not too greedy, you can get out in time with tons and tons of profit.
In case there are any ST:DS9 fans. :)
To get off all the crypto talk, how bout a value play.
Pretty sure it was Karen Finerman's pitch the fast money a couple days back.
Weight Watchers, WW. P/E of 18.6X. Current price of $24.35, precovid was about $37. Revenues are expected to be flat next year but earnings expected to rise from 1.69 per share to 2.19.
Also ETH up to $1387
Pretty sure it was Karen Finerman's pitch the fast money a couple days back.
Weight Watchers, WW. P/E of 18.6X. Current price of $24.35, precovid was about $37. Revenues are expected to be flat next year but earnings expected to rise from 1.69 per share to 2.19.
Also ETH up to $1387
Apparently this guy on Twitter is well respected in the crypto community.
cointelegraph.com
Ethereum will become the main asset for investors in 2021
For those who want to embody the old dream of the cryptocurrency community, which is to allow the exchange of value in the format of cross-blockchain transactions, then it will be Ethereum that takes them the first step in this direction.
cointelegraph.com
Go to the stock screener(under stocks on the header) then click ideas. Undervalued is the default, but there is a bunch of others to choose from, overvalued, aggressive small caps, analyst picks etc.
There's also a bunch of technical strategies.
Important finding to help keep government regulations on the sidelines:
Illicit activity made up just 0.34% of all cryptocurrency transaction volume last year, according to blockchain data firm Chainalysis. That was down from roughly 2% a year earlier.
www.cnbc.com
Illicit activity made up just 0.34% of all cryptocurrency transaction volume last year, according to blockchain data firm Chainalysis. That was down from roughly 2% a year earlier.
Overall bitcoin-related crime fell last year, but one type of crypto hack is booming
Crypto-related crime fell last year to a small fraction of overall trading volume. But some crimes boomed as criminals exploited people working from home.
Don't know much about WW, but here is a list of Morningstar 5-star stocks (most undervalued based on their analysis):
I think there is a paywall on this, so cut and past as well:
Five Star Stocks
Looking for bargains? These companies are all trading below what our analysts think they are worth.
Apartment Income REIT Corp AIRC
None Medium
Aviva PLC ADR AVVIY
None Medium
Bayerische Motoren Werke AG ADR BMWYY
Narrow High
British American Tobacco PLC ADR BTI
Wide Medium
Energy Transfer LP ET
None Medium
Equitrans Midstream Corp ETRN
Narrow Very High
Exxon Mobil Corp XOM
Narrow Medium
FirstEnergy Corp FE
Narrow Low
Frank's International NV FI
Narrow High
Guangshen Railway Co Ltd ADR GSHHY
None High
Hanesbrands Inc HBI
Narrow Medium
Imperial Brands PLC ADR IMBBY
Wide Low
Ingredion Inc INGR
Narrow Medium
Macerich Co MAC
None Very High
NiSource Inc NI
Narrow Low
Nissan Motor Co Ltd ADR NSANY
None High
Roche Holding AG ADR RHHBY
Wide Low
Royal Dutch Shell PLC ADR Class A RDS.A
Narrow Medium
Royal Dutch Shell PLC ADR Class B RDS.B
Narrow Medium
Schlumberger Ltd SLB
Narrow High
TechnipFMC PLC FTI
None High
Telefonica SA ADR TEF
Narrow High
Could you do this again with the weeks Zweig column: "Every Warren Buffett Needs a Charlie Munger" ?
Found it! Lots of links in the column for some reason. :)
Every Warren Buffett Needs a Charlie Munger
BY JASON ZWEIG, MARKETWATCH - 5:40 PM ET 1/22/2021
DEFAULT
Email Facebook. Twitter. LinkedIn. Print
As anyone who's ever raised--or been--a teenager knows, happy outcomes are rare when groups of people egg each other on in a risky activity.
Just look at financial markets now. An activity that people have historically pursued in isolation--buying and selling stocks and other assets--has become the hottest way to socialize.
Friends get together on Zoom to "live-trade" stocks (https://www.wsj.com/articles/tiktok-and-discord-are-the-new-wall- street-trading-desks-11610361004) just as they watch movies or TV together on Netflix(NFLX) or Amazon Prime. Trading websites' leaderboards (https://support.sofi.com/hc/en-us/articles/360048549412-How-is-the-Social-Leaderboard-measured-) show the names and gains of the people making the most money (https://www.jigsawtrading.com/leaderboard/). Brokerage apps display lists of the stocks (https://robinhood.com/collections/100-most-popular) their users are flocking to the most (https://public.com/trends). At some online brokers, you can even "autocopy (https://naga.com/social-trading/what- is-autocopy)" other users, mechanically duplicating their trades (https://www.etoro.com/en-us/copytrader/).
All this has gotten millions of novices over the fear of managing their own money and shown that investing doesn't have to be deadly dull. It has given people something to talk about other than politics and the pandemic.
Unfortunately, when investing turns into socializing, it also turns dangerous.
Don't get me wrong. Even the best investors benefit from a sidekick and sounding board to listen to and learn from. Warren Buffett has Charlie Munger. Mr. Buffett's great teacher, Benjamin Graham (https://jasonzweig.com/a-note-on- benjamin-graham/), had Jerome Newman.
But there's a critical difference between a real-life friend and people you've never met whom you follow online. Yes, online trading buddies can lift you up when you're feeling down and make you feel you belong. But real-world friends tell you when you're wrong.
Mr. Buffett likes to call Mr. Munger "the abominable no-man (https://www.wsj.com/articles/lawrence-a-cunningham-the- secret-sauce-of-corporate-leadership-1422231824)" for his tendency to shoot down suggestions. Mr. Buffett has told me he treasures their friendship not just because Mr. Munger gives him good ideas, but because he destroys bad ones.
That's the problem with "social investing." Joining an unlimited group of people you know little about, who may all share an itch to get rich quick (http://createsend.com/t/d-C75AD8FF7B8DA5472540EF23F30FEDED), can lead to imitation rather than education. It can become an "amen corner" without walls, an almost infinite echo chamber.
Markets work best when they aggregate the opinions of people who disagree about risk and return and valuation. The wisdom of the crowd (https://www.newyorker.com/video/watch/michael-mauboussin) can be remarkably accurate when it collects huge numbers of differing viewpoints. But when everyone thinks alike or relies on the same set of information, the result is what Michael Mauboussin, a strategist affiliated with Morgan Stanley Investment Management, calls a diversity breakdown.
That can become especially dangerous in a roaring bull market, when so many assets go up in price so fast. How can you admit you don't know what you're doing when you've made so much money doing it? Why seek dissenting opinions when everything you touch turns to gold?
The more the winners make in a bull market, the more they tend to brag (https://blogs.wsj.com/moneybeat/2014/11/14/ the-lesson-of-forex-trading-learn-from-your-losses/). The more they brag, the more attention and imitators they attract.
And the less newcomers know about investing, the more likely they are to follow (https://cpb-us-e2.wpmucdn.com/ sites.uci.edu/dist/c/362/files/2017/01/Palgrave-information-cascades-Online-version.pdf) the biggest and loudest winners.
That, in turn, helps drive up the winners' favorite assets, attracting still more attention and cranking prices up further in a self-fulfilling prophecy.
As long as markets go up, that's a profitable strategy.
Markets don't always go up, however--and then the self-fulfilling prophecy will turn into a doom loop of loss and panic.
Across centuries of financial history, whatever was "obvious" that "everyone" had to own has tended to fall the most when markets turned: financial stocks in 2008-09, internet stocks in 2000-02, the "Nifty Fifty" growth stocks in 1973- 74, Radio Corp. of America in 1929-32, and so on all the way back to the collapse of the South Sea Co. in London in 1720.
In short, consensus and popularity are rocket fuel on the way up and poison on the way down.
That's why it saddened me when I learned that the American Association of Individual Investors, a Chicago-based nonprofit with 154,000 members and 34 local chapters across the U.S., notified its chapters late last month that it would close them down as of Feb. 28.
At its local meetings, members from all walks of life and divergent perspectives listened to guest speakers and shared ideas. Some are fervent believers in technical analysis, others love index funds, still others favor dividend-paying stocks or municipal bonds. Such diversity of viewpoints facilitates learning and instills confidence that can survive market setbacks.
Members responded with fury to the news of the shutdown, and AAII promptly put the plan on hold. "We really jumped the gun on that," says AAII President John Bajkowski. "It was a miscommunication."
AAII's struggles have been worsened by the pandemic, just as social investing online has been accelerated by it.
But what investors need most at a time like this isn't affirmation from hordes of strangers who think alike. They need pushback and skeptical analysis from people who have more--and different--experience than they do.
Write to Jason Zweig at intelligentinvestor@wsj.com (mailto:intelligentinvestor@wsj.com)
-Jason Zweig; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
01-22-21 1739ET
Copyright (c) 2021 Dow Jones & Company, Inc.
Thoughts on the new admin helping out the EV market:
www.cnbc.com
5 ways Biden can help Tesla, GM and others increase electric vehicle sales in the U.S.
EV stocks could become even more attractive to Wall Street under President Joe Biden, who has made climate change a priority of his administration.
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