Facebook Earnings Beat Wall Street Estimates, But Shares Dip on 2021 Uncertainties
The world’s largest online social network Facebook reported better-than-expected earnings in the fourth quarter of 2020, largely driven by solid ad-revenue growth and advertiser demand during the holiday period.
The world’s largest online social network Facebook reported better-than-expected earnings in the fourth quarter of 2020, largely driven by solid ad-revenue growth and advertiser demand during the holiday period.
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#stocks
The $3.5 billion Maplelane Capital, lost about 33% this month through Tuesday in part because of a short position on GameStop, according to investors.
👉 @ouchcrazymoney
The $3.5 billion Maplelane Capital, lost about 33% this month through Tuesday in part because of a short position on GameStop, according to investors.
👉 @ouchcrazymoney
Main Street is beating Wall Street
In a matter of weeks, two hedge-fund legends -- Steve Cohen and Dan Sundheim -- have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.
In a matter of weeks, two hedge-fund legends -- Steve Cohen and Dan Sundheim -- have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.
Working class (reddit) vs hedge funds
A clash of the classes — “proletariat vs bourgeoisie” — is at the heart of the GameStop (GME) short squeeze saga, says one WallStreetBets participant.
A clash of the classes — “proletariat vs bourgeoisie” — is at the heart of the GameStop (GME) short squeeze saga, says one WallStreetBets participant.
Forwarded from Ouch Crazy Money
#usa
Wages for the richest 1% in the U.S. have soared 160% over the past four decades while the share of wages for the bottom 90% has shrunk.
Wages for the richest 1% in the U.S. have soared 160% over the past four decades while the share of wages for the bottom 90% has shrunk.
Visa Tops Q1 Earnings Estimates; Shares Gain on Buyback Plan
Visa Inc, the world’s largest card payment company, reported better-than-expected profit in the first quarter of 2021 as payments volume, cross-border volume and processed transactions growth recovered from the previous quarter.
Visa Inc, the world’s largest card payment company, reported better-than-expected profit in the first quarter of 2021 as payments volume, cross-border volume and processed transactions growth recovered from the previous quarter.
MORNING!
Is the World in danger when reddit users can beat Wall Street and economic models just in a few steps? I am not sure that our funds safe right now because marketing matters more than economic reports.
What do you think?
Is the World in danger when reddit users can beat Wall Street and economic models just in a few steps? I am not sure that our funds safe right now because marketing matters more than economic reports.
What do you think?
Who’s the next GameStop? These are the 10 most shorted stocks
Short selling is a trading strategy based on speculation that a company’s stock will drop in price. If shares rise instead, the investors are forced to buy the shares, which drives their prices still higher in a development called a short squeeze
Short selling is a trading strategy based on speculation that a company’s stock will drop in price. If shares rise instead, the investors are forced to buy the shares, which drives their prices still higher in a development called a short squeeze
Forwarded from Ouch Crazy Money
#usa
U.S. households accumulated around $1.6 trillion in excess savings over the last 10 months. The top 20% of earners — account for all the current accumulated cash.
Subscribe now 👉 Crazy Money @ouchcrazymoney
U.S. households accumulated around $1.6 trillion in excess savings over the last 10 months. The top 20% of earners — account for all the current accumulated cash.
Subscribe now 👉 Crazy Money @ouchcrazymoney
French and German 4th Quarter GDP Numbers Better than Expected But Not Good Enough…
Extended lockdown measures in the 1st quarter mute the impact of better than expected stats from France and Germany on the EUR and the majors.
Extended lockdown measures in the 1st quarter mute the impact of better than expected stats from France and Germany on the EUR and the majors.
Forwarded from Ouch Crazy Money
#crypto
Bitcoin jumped as much as 14% on Friday to a two-week high after Tesla Inc chief Elon Musk tagged the cryptocurrency in his Twitter biography.
Musk wrote simply "#bitcoin" in his biography on the social media site. The world's biggest cryptocurrency was up 10.2% at $36,901 as of 1005 GMT.
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Bitcoin jumped as much as 14% on Friday to a two-week high after Tesla Inc chief Elon Musk tagged the cryptocurrency in his Twitter biography.
Musk wrote simply "#bitcoin" in his biography on the social media site. The world's biggest cryptocurrency was up 10.2% at $36,901 as of 1005 GMT.
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These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts
At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near rock-bottom now, and to no one’s surprise, the Fed is keeping them there.
At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near rock-bottom now, and to no one’s surprise, the Fed is keeping them there.
The GameStop saga finds its villain: Morning Brief
Robinhood becomes the GameStop story’s main character.
Robinhood becomes the GameStop story’s main character.
Bitcoin Investors May Lose Everything, Central Banker Warns
Bitcoin investors need to be prepared to “lose all their money,” European Central Bank governing council member Gabriel Makhlouf said, the latest warning from a central banker on the cryptocurrency.
Bitcoin investors need to be prepared to “lose all their money,” European Central Bank governing council member Gabriel Makhlouf said, the latest warning from a central banker on the cryptocurrency.
GameStop Rally May Erase $11 Billion Blow as Retail Traders Roar
GameStop Corp. is on pace to recoup much of Thursday’s $11 billion blow as traders using apps like Robinhood Markets Inc. and ETrade rallied behind the video-game retailer after brokerages said they would ease trading restrictions.
GameStop Corp. is on pace to recoup much of Thursday’s $11 billion blow as traders using apps like Robinhood Markets Inc. and ETrade rallied behind the video-game retailer after brokerages said they would ease trading restrictions.
Short Sellers Face End of an Era as Rookies Rule Wall Street
The latest assault on Wall Street short sellers has a long tradition, dating back to, well, at least Napoleon. “Treasonous,” he called them for betting against government securities.
The latest assault on Wall Street short sellers has a long tradition, dating back to, well, at least Napoleon. “Treasonous,” he called them for betting against government securities.
What Bitcoin Teaches Us About Risky Investing
Volatility isn’t always bad, and it’s important to be cautious about applying leverage.
Volatility isn’t always bad, and it’s important to be cautious about applying leverage.
Forwarded from Ouch Crazy Money
#stocks
For Norway Wealth Fund 2020 was one of the best years ever, with the total portfolio generating $123 billion in returns, buoyed in particular by its holdings of tech stocks (AAPL, Alphabet, Microsoft and etc.)
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For Norway Wealth Fund 2020 was one of the best years ever, with the total portfolio generating $123 billion in returns, buoyed in particular by its holdings of tech stocks (AAPL, Alphabet, Microsoft and etc.)
Subscribe 👉 Crazy Money @ouchcrazymoney
7 Tech Stocks That Could Be the Future FAANG
A few months ago, I began prodding around the idea of, “What are the future FAANG stocks?”
Read now what I found 👉 https://telegra.ph/7-Tech-Stocks-That-Could-Be-the-Future-FAANG-01-31
A few months ago, I began prodding around the idea of, “What are the future FAANG stocks?”
Read now what I found 👉 https://telegra.ph/7-Tech-Stocks-That-Could-Be-the-Future-FAANG-01-31
Telegraph
7 Tech Stocks That Could Be the Future FAANG
A few months ago, I began prodding around the idea of, “What are the future FAANG stocks?” We’ve seen Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and other tech stocks swell from modest winners to worldwide behemoths. TRADE NOW WITHOUT RESTRICTION - http://bit.ly/2MhAkRy…
The biggest losers from the GameStop turmoil? YOU.
There has been nothing like this GameStop GME, +67.87% saga in recent memory. It’s still early days. But already we can work out some of the groups who are likely to emerge as losers when the dust settles. At least if history is any guide — which, alas, it usually is.
Read 👉 http://bit.ly/2MjoLcK
There has been nothing like this GameStop GME, +67.87% saga in recent memory. It’s still early days. But already we can work out some of the groups who are likely to emerge as losers when the dust settles. At least if history is any guide — which, alas, it usually is.
Read 👉 http://bit.ly/2MjoLcK
Telegraph
The biggest losers from the GameStop turmoil? YOU.
There has been nothing like this GameStop GME, +67.87% saga in recent memory. It’s still early days. But already we can work out some of the groups who are likely to emerge as losers when the dust settles. At least if history is any guide — which, alas,…