TSLA going down after earnings tomorrow, right? ...Right? I mean, I don't want it to go down as I'm a holder that didn't sell at 1.1-1.2K earlier this year 🤡
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Stock Market Era |OT3| Nobody expects the Spanish Inflation!
- Thread starter Sheepinator
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TSLA going down after earnings tomorrow, right? ...Right? I mean, I don't want it to go down as I'm a holder that didn't sell at 1.1-1.2K earlier this year 🤡
TSLA almost always goes down after earnings, doesn't matter if they are good nor bad earnings, LOL!
I had to do a double take, because I'd been seeing red so long that al most forgot what green stocks looked like.
Though I'm about ready to dump my airline stock. A year later and it still feels like a mistake purchasing it.
Though I'm about ready to dump my airline stock. A year later and it still feels like a mistake purchasing it.
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That's risky. Sounds like emotions playing a part there. You'd also be paying a lot for the options due to the high volatility.
NFLX P/E is 17? With potential growth to come thanks to ads? The bottom is likely in for the stock.
Yeah, I got scared off NFLX yesterday after losing the earnings coin flip. Just bought AMD @ 95 for next week, I think we'll see it keep climbing heading towards the earnings (though I wouldn't be surprised to see it drop afterwards, I suspect the crypto crash will affect their revenue this quarter).
Makes sense. They were probably going to have to take a massive impairment if they didn't.
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Looks like despite all the benefits of his market manipulation, Musk still managed to lose a lot of Tesla's money trading Bitcoin.
The company bought $1.5BN worth at around $35K I think. At the end of 2021 the company had $2BN in bitcoin. It's now sold 75% of that for $936M, meaning the total investment had a value of $1.25BN. He lost over $250M of Tesla's money maybe?
The company bought $1.5BN worth at around $35K I think. At the end of 2021 the company had $2BN in bitcoin. It's now sold 75% of that for $936M, meaning the total investment had a value of $1.25BN. He lost over $250M of Tesla's money maybe?
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Remember that he sold 10% of bitcoin last year and made around $275M from that sale so overall I think they haven't lost any money to it…yet.
More coverage at CNBC https://www.cnbc.com/2022/07/20/tesla-tsla-earnings-q2-2022-.html Looks like they beat revenue but missed EPS and declining margins... which was expected.
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Thanks for the reminder. OK maybe it's around breakeven at the current price.
As is typical with Musk, in the middle of March he said, "I still own & won't sell my Bitcoin, Ethereum or Doge". Then in Q2 he sold 75% of Tesla's crypto.
Not too bad overall considering Shanghai was closed for a while.
Yep.
Honestly Tesla's Q2 earnings came in MUCH better than I expected, given Shanghai's shutdown for a third of the quarter. I'm glad they sold most of their BTC, it was basically a financial wash for them but this impairment crap wasn't doing any favors for them. I hope they don't go and buy it back....
This sure does bode incredibly well for Q3 and Q4 though, I mean they will both be massive record breaking quarters for Tesla at these production rates (as long as China doesn't shutdown again).
50 basis points ECB rate hike!
www.cnbc.com
European Central Bank surprises markets with larger-than-expected rate hike, its first in 11 years
The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in the euro zone.
www.cnbc.com
lol might as well not even raise it if you're going at that rate50 basis points ECB rate hike!
European Central Bank surprises markets with larger-than-expected rate hike, its first in 11 years
The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in the euro zone.
I assume ECB is raising rates softly because there are worries how countries with huge debt loads would manage in a high rates environment.
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www.reuters.com
We don't want to accidentally cause those countries to default.
Analysis: Debt-laden Italy looks no less vulnerable as rates shoot higher
Debt-laden Italy finds itself in markets' crosshairs again, as a collapse in its national unity government coincides with the European Central Bank preparing to deliver its first interest rate rise in 11 years.
www.reuters.com
We don't want to accidentally cause those countries to default.
Earnings have not been as bad as expected and signs are pointing to inflation starting to turn around in July with gas prices going down along with other consumer goods costs. I think the next Fed meeting and inflation report will be really important to point to where we are going the rest of the year.
ATVI seems like a good bet imo. Hard to imagine the deal wont happen.
It is 10% of my current portfolio, and I am very tempted to double that. Albeit, I probably wont unless we see another red week dragging it down. Give me $75 price point again!
Just noticed the market was going full green again. It sure is weird. Not that it goes up, after all the downturn, but that it happens so consistently, as if there was no problems or doubts about the future...
Oh well, thanks to the Google split, I finally got a small position earlier today. Already up ~2%, gogo google.
It is 10% of my current portfolio, and I am very tempted to double that. Albeit, I probably wont unless we see another red week dragging it down. Give me $75 price point again!
Just noticed the market was going full green again. It sure is weird. Not that it goes up, after all the downturn, but that it happens so consistently, as if there was no problems or doubts about the future...
Oh well, thanks to the Google split, I finally got a small position earlier today. Already up ~2%, gogo google.
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I think so. Odds of deal going through are far higher than the price suggests imo. And even if the deal were to fail, limited downside due to valuation anyway, after the initial sell the news dump recovers some.
Unrelated, my only NFLX trade this week was sell one $230 call expiring this Friday, 5 minutes before earnings when the stock was $200. I figured it was highly unlikely to go up more than 10%, if it went up at all. That was $4.75, covered this morning for $0.25.
A less risky earnings play is to buy calls in stocks you think will see short covering into earnings, but do that 1-2 weeks out while expected volatility is lower, then sell some or all right before the earnings comes out. Let someone else take the coin flip risk.
Lett'er rip
www.cbsnews.com
Amazon acquires health provider One Medical for $3.9 billion
Nation's largest online retailer sniffs opportunity to cut costs and improve service in fragmented health care sector.
www.cbsnews.com
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I hope he is genuinely bored and/or regretting his rash choices, and ends up not buying Twitter but losing billions in the process. It will be an even bigger dumpster fire with him in charge of it, considering his stance on moderation.
I'm ok with this too. Buying Twitter in the first place was such a bad idea. The platform is only good for shit posting and news anyway.
They blamed a slowdown in digital ad spending. GOOG already took a little hit in sympathy to that. Their earnings next Tuesday folks... 🤡
They said the same thing last quarter, PINS got sympathy beat up and then PINS earnings were fine. But that's how the market is behaving right now, scared at any sign of weakness. SNAP should hardly be a bellweather stock.
LolI assume ECB is raising rates softly because there are worries how countries with huge debt loads would manage in a high rates environment.
Analysis: Debt-laden Italy looks no less vulnerable as rates shoot higher
Debt-laden Italy finds itself in markets' crosshairs again, as a collapse in its national unity government coincides with the European Central Bank preparing to deliver its first interest rate rise in 11 years.
We don't want to accidentally cause those countries to default.
Tesla had much better than expected earnings, especially given Giga Shanghai was shut down for a third of the quarter.
The production run rate is very bullish for Q3 & Q4, and I think that's a large reason for the run up going on now. Everyone with a competent financial model for Tesla can see where the second half of 2022 is going: record breaking revenue, profits, production, margins, etc. Plus the upcoming 3:1 split too.
