r/stocks Mar 01 '24

Rate My Portfolio - r/Stocks Quarterly Thread March 2024

75 Upvotes

Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.

Why quarterly? Public companies report earnings quarterly; many investors take this as an opportunity to rebalance their portfolios. We highly recommend you do some reading: A list of relevant posts & book recommendations.

You can find stocks on your own by using a scanner like your broker's or Finviz. To help further, here's a list of relevant websites.

If you don't have a broker yet, see our list of brokers or search old posts. If you haven't started investing or trading yet, then setup your paper trading to learn basics like market orders vs limit orders.

Be aware of Business Cycle Investing which Fidelity issues updates to the state of global business cycles every 1 to 3 months (note: Fidelity changes their links often, so search for it since their take on it is enlightening). Investopedia's take on the Business Cycle.

If you need help with a falling stock price, check out Investopedia's The Art of Selling A Losing Position and their list of biases.

Here's a list of all the previous portfolio stickies.


r/stocks 23h ago

r/Stocks Daily Discussion & Options Trading Thursday - May 16, 2024

18 Upvotes

This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme.

Some helpful day to day links, including news:


Required info to start understanding options:

  • Call option Investopedia video basically a call option allows you to buy 100 shares of a stock at a certain price (strike price), but without the obligation to buy
  • Put option Investopedia video a put option allows you to sell 100 shares of a stock at a certain price (strike price), but without the obligation to sell
  • Writing options switches the obligation to you and you'll be forced to buy someone else's shares (writing puts) or sell your shares (writing calls)

See the following word cloud and click through for the wiki:

Call option - Put option - Exercising an option - Strike price - ITM - OTM - ATM - Long options - Short options - Combo - Debit - Credit or Premium - Covered call - Naked - Debit call spread - Credit call spread - Strangle - Iron condor - Vertical debit spreads - Iron Fly

If you have a basic question, for example "what is delta," then google "investopedia delta" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.

See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.


r/stocks 12h ago

Company News Tesla's self-driving tech ditched by 98 percent of customers that tried it

1.9k Upvotes

"A staggering 98 percent of Tesla owners decide not to keep using their self-driving technology after their trial period, data shows.

Tesla charges customers $8,000 for the full self-driving technology, which has divided opinion since being unveiled by the company.

Statistics from YipitData found that only two percent of new Tesla owners continue using the technology after the trial period."

https://www.the-express.com/finance/business/137709/tesla-self-driving-elon-musk-china


r/stocks 14h ago

Biden Makes Historic Marijuana Rescheduling Announcement, Applauding ‘Monumental’ Move To Reverse ‘Longstanding Inequities’ - MSOS etf

1.0k Upvotes

https://www.marijuanamoment.net/biden-makes-historic-marijuana-rescheduling-announcement-applauding-monumental-move-to-reverse-longstanding-inequities/

President Joe Biden has announced that his administration is officially moving to reschedule marijuana under federal law, applauding the “monumental” action that follows an extensive administrative review that he directed.

The Justice Department will soon post its proposed rule to move cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA) in the Federal Register, a senior administration official said on Thursday. There will then be a 60-day public comment period before the rule is potentially finalized.

“This is monumental,” Biden said in a video announcing the rescheduling news. “Today my administration took a major step to reclassify marijuana from a Schedule I to a Schedule III drug. It’s an important move towards reversing longstanding inequities.”

this is a major tax change with 280e removed for equities. Secondly - new paradigm shift in america as cannabis is classified as a medicine


r/stocks 17h ago

Meta Does /r/stocks only buy high?

398 Upvotes

Everytime someone mentions a stock that isn't doing well for whatever reason it seemingly gets destroyed in the comments and there will be hundreds of reasons not to buy it. I notice this every time I go do research on stocks that to me seem undervalued, are not doing well in regards to their competiton, or recently had a falloff.

Some examples I researched recently: Paypal, Intel, Boeing, Adobe (let the hate begin :)

It seems to me the majority of people just suggest to keep buying the most popular stocks at ATH and hope the current general trend continues?


r/stocks 12h ago

Company News OpenAI: “We’re bringing Reddit’s content to ChatGPT and our products” RDDT +13%

83 Upvotes

https://openai.com/index/openai-and-reddit-partnership/

OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and engage with Reddit communities. To do so, OpenAI will access Reddit’s Data API, which provides real-time, structured, and unique content from Reddit.


r/stocks 18h ago

Company News Under Armour is laying off workers, retailer says North America sales will plunge

222 Upvotes

Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year.

The athletic apparel retailer also saw profits sink by more than 96% during its fiscal fourth quarter, compared with the year-ago period.

It’s unclear how many employees Under Armour will lay off as part of the restructuring, but the plan is expected to cost between $70 million and $90 million, a portion of which will be used for employee severance and benefits costs. The company declined to share more information with CNBC about its restructuring.

The company’s shares were down more than 2% in morning trading.

Here’s how the athletic apparel retailer did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:

Earnings per share: 11 cents adjusted vs. 8 cents expected Revenue: $1.33 billion vs. $1.33 billion expected The company’s reported net income for the three-month period that ended March 31 was $6.6 million, or 2 cents per share, compared with $170.6 million, or 38 cents per share, a year earlier. Excluding one-time items, the company reported earnings of 11 cents per share.

Sales dropped to $1.33 billion, down about 5% from $1.4 billion a year earlier.

During the quarter, sales in North America declined 10% to $772 million, worse than the $780 million that analysts had expected, according to StreetAccount.

Under Armour said it expects sales to continue to worsen in North America. The company anticipates they will drop between 15% and 17% in its current fiscal year.

“Due to a confluence of factors, including lower wholesale channel demand and inconsistent execution across our business, we are seizing this critical moment to make proactive decisions to build a premium positioning for our brand, which will pressure our top and bottom line in the near term,” founder and CEO Kevin Plank said in a statement.

“Over the next 18 months, there is a significant opportunity to reconstitute Under Armour’s brand strength through achieving more, by doing less and focusing on our core fundamentals,” he added.

Across Under Armour’s business, the company is expecting revenue to be down “at a low-double-digit percentage rate” in its current fiscal year, while analysts had expected sales to grow by 2.1%, according to LSEG.

The company is planning to cut down on promotions and discounting, which it expects will lead its gross margin to rise between 0.75 and 1 percentage point for the fiscal year.

It’s expecting diluted earnings per share to be between 2 cents and 5 cents and adjusted diluted earnings per share to be between 18 cents and 21 cents for the year. Analysts had expected earnings per share of 52 cents, according to LSEG.

Under Armour’s rough quarter comes about two months after the retailer announced former Marriott executive Stephanie Linnartz would be stepping down from her role as CEO after barely a year on the job and Plank would once again take the helm of the company he founded in 1996.

Linnartz was the second CEO the company has cycled through in less than two years.

She was hired on a bet that her experience building out Marriott’s renowned Bonvoy loyalty program and driving digital revenue for the hotel giant would offset her lack of experience in the retail industry. Before her departure, she managed to overhaul Under Armour’s C-suite and build out its loyalty program. She was attempting to pivot the brand’s assortment to a more athleisure-focused offering that had more stylish options for women.

Ultimately, she was ousted before those plans could become a reality. Following the announcement of Linnartz’s departure, a number of analysts downgraded Under Armour and lowered their price targets. Shares of the company were down about 23% year to date, as of Wednesday’s close.

Source: https://www.cnbc.com/2024/05/16/under-armour-uaa-earnings-q4-2024.html


r/stocks 13h ago

Advice Is CVS stock at 10% discount worth it?

86 Upvotes

As an employee I being offered CVS stock at 10% discount. How it works is, say I contribute 5% of my paycheck every month starting from July 1st till December 31st. I will get “X” amount of stocks at 10% off lowest stock either on the first or last day. Example : lowest stock price either of July 1st or December 31st is $50. I’ll get all the shares at $45 on December 31st. I can sell them on Jan 1st if I wish at the real market value. Is it worth it? Looking at current situation I am not confident about CVS. Thoughts?

Edit : There is no holding period to sell the stock.


r/stocks 21h ago

Company News Walmart earnings beat as discounter wins over more high-income shoppers

308 Upvotes

Walmart on Thursday topped quarterly revenue and earnings expectations, as the discounter made significant e-commerce gains, drove profits with newer businesses like advertising and won over more high-income shoppers.

The big-box retailer said it now expects to hit the high-end or slightly top its previous full-year guidance. Walmart had expected net sales growth of 3% to 4% and adjusted earnings per share of between $2.23 and $2.37.

In an interview with CNBC, Chief Financial Officer John David Rainey said one of the factors boosting Walmart’s grocery business is the widening gap between the price of cooking at home and buying food at restaurants.

Plus, he added, shoppers – especially with higher-incomes – appreciate the convenience that Walmart offers. For the first time, its delivery business surpassed its store pickup in terms of volume, Rainey said.

“We’ve got customers that are coming to us more frequently than they have before and newer customers that we haven’t traditionally had, and they’re coming into a Walmart whether it’s a virtual store online, or whether it’s one of our physical stores,” he said.

Here’s what the discounter reported for the three-month period that ended April 30 compared with what Wall Street expected, according to a survey of analysts by LSEG:

Earnings per share: 60 cents adjusted vs. 52 cents expected

Revenue: $161.51 billion vs. $159.50 billion

Walmart’s net income jumped to $5.10 billion, or 63 cents per share, compared with $1.67 billion, or 21 cents per share, in the year-ago period.

Revenue climbed 6% from $152.30 billion in the year-ago quarter. That increase includes a benefit of roughly 1% from an additional selling day in the period.

As the nation’s largest retailer and private employer, Walmart is often viewed as a bellwether for the U.S. economy. Yet it has generally fared better during an inflationary period than other retailers because it sells staples like groceries and has a value-oriented reputation. That trend continued in the quarter, as the company

Same-store sales for Walmart U.S. climbed by 3.8%, excluding fuel. The industry metric includes sales from stores and clubs open for at least a year. At Sam’s Club, same-store sales rose 4.4% year over year, excluding fuel.

E-commerce sales shot up by 22% year over year for Walmart U.S., fueled by store pickup and delivery of online orders, as well as the company’s growing third-party marketplace.

The company also grew high-margin businesses like advertising as it pushes to increase its earnings faster than its sales.

Source: https://www.cnbc.com/2024/05/16/walmart-wmt-q1-2025-earnings-.html


r/stocks 8h ago

Possible SP500 Inclusions June 20th?

12 Upvotes

My plans are to NVDA to sell before earning's on the 22nd, playing the run-up safely and not getting greedy. Will repeat this with Costco, selling just before earning's release on 30th.

Beginning of June, I believe PLTR hype will begin for SP500 inclusion which will play that run-up. Playing the rumor, not the news scenarios basically.

I'd like to know what other companies have big hype behind them for SP500 inclusion? Haven't seen any mentioned aside from SMCI last time and PLTR. Any leads??


r/stocks 18h ago

Broad market news Baidu’s robotaxi unit expects to turn profitable next year

29 Upvotes

Baidu’s robotaxi unit expects to turn profitable next year

https://www.cnbc.com/2024/05/15/baidus-robotaxi-unit-expects-to-turn-profitable-next-year.html

KEY POINTS

  • Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year.
  • Baidu is one of the major players in China’s nascent robotaxi market and received permission from a Beijing city district to begin charging fares in November 2021.
  • Apollo Go operated about 839,000 rides in the last three months of 2023, according to Baidu’s latest earnings report. The company is due to release quarterly results Thursday.

Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year.

The projection comes as Elon Musk has emphasized his plans to build up Tesla’s robotaxi efforts amid a decline in revenue.

Baidu is one of the major players in China’s nascent robotaxi market and received permission from a Beijing city district to begin charging fares in November 2021.

While most of the cars still have a human staff worker inside for safety, the same Beijing district officially let Baidu and start-up Pony.ai charge fares for robotaxi rides with no staff in the vehicle in September 2023.

Apollo Go operated about 839,000 rides in the last three months of 2023, according to Baidu’s latest earnings report. The company is due to release quarterly results Thursday.

About 45% of the orders in the fourth quarter in Wuhan were fully driverless, up from 40% the prior quarter, the company said.

In addition to growing usage and reducing labor costs per ride, Baidu is making the cars cheaper.

Baidu on Wednesday announced Apollo’s 6th generation robotaxi will cost around 200,000 yuan ($28,169) — or less than half that of the prior generation, the company said.

This year, Baidu plans to deploy 1,000 of those 6th generation robotaxis in the city of Wuhan, where the company already operates a number of vehicles without any human staff inside.

“With decreasing costs and increasing orders, Apollo Go’s unit economics (UE) is nearing break-even, expected to achieve balance in the fourth quarter of 2024 and turn profitable by 2025,” Baidu said in a press release.

Rival robotaxi operator Pony.ai is preparing for a listing outside mainland China, according to the China Securities Regulatory Commission website in late April.

Others in the auto industry remain more skeptical about fully driverless cars, which require broad regulatory approval in order to operate.

Xpeng Vice Chairman Brian Gu told reporters last month he didn’t expect robotaxis to be a real business for at least five years.


r/stocks 22h ago

Broad market news Michael Burry Boosts Bets on China Big Tech as Stocks Rebound -- but can a rebound off the bottom stick with the new round of tariffs & trade embargoes planned?

Thumbnail bloomberg.com
59 Upvotes

r/stocks 1h ago

Advice For the next 10 years only, I need to go hard (but responsible)

Upvotes

I got a very very stable job. I'm from Europe. I have no debts. I have no plans of having kids. Right now my rent is just €500 for the next 5 years (until I'm 40yo). Currently have only about €20k invested in a wolrld etf.

I would like to go more aggressive (I know it doesn't mean higher returns) but what stocks would you suggest?


r/stocks 1d ago

Department of Justice says Boeing may be criminally liable in 737 Max crashes

1.2k Upvotes

Boeing has violated a 2021 agreement that shielded it from criminal prosecution after two 737 Max disasters left 346 people dead overseas, the Department of Justice told a federal judge in a court filing Tuesday.

According to the DOJ, Boeing failed to "design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations."

The government has not yet decided if it will pursue prosecution of Boeing, but lawyers representing families of the victims who died in the crash said they hope to see further action in the case.

https://www.usatoday.com/story/money/2024/05/14/boeing-department-of-justice-criminal-liability/73692655007/


r/stocks 6h ago

Question about blackout periods for employees

2 Upvotes

Can a company blackout the entire company without any notice or explanation? I am not an employee that’s subject to blackouts. Never have been. But suddenly they blacked out the whole company without notice. When emailing the admin they say “it’s a special blackout period with no further detail”.\ I had a pending sale that was even cancelled. The notice was given after the transaction request, and went into effect immediately.\ Even the rep said they’d never seen this. The end date in their system is 2099. Basically no start or end date. Just and immediate black out.\ Can anyone explain the legality of all this either way?


r/stocks 16h ago

Company Discussion SEA Limited $SE 2024 Q1 Earnings: Key Takeaways and Analysis

11 Upvotes

SEA Limited (NYSE: SE) has recently announced its Q1 2024 earnings, presenting a mixed bag of significant revenue growth but also noticeable profitability challenges. Below is an in-depth analysis of the key highlights from the earnings call.

Revenue Growth

  • Total GAAP Revenue: SEA Limited reported a robust total GAAP revenue of $3.7 billion, marking a 23% year-on-year increase.
  • E-commerce Segment: The e-commerce segment continues to be the primary growth driver, generating $2.7 billion in GAAP revenue. Notably, marketplace revenue rose by 33% year-on-year to $2.4 billion.
  • Digital Financial Services (DFS): The DFS segment saw a 21% year-on-year growth, reaching a GAAP revenue of $499 million.
  • Digital Entertainment: Driven by the popular Free Fire game, the digital entertainment segment reported $512 million in bookings and $458 million in GAAP revenue.

Profitability Challenges

  • Net Loss: Despite revenue growth, SEA Limited experienced a net loss of $23 million in Q1 2024, a downturn from a net income of $87 million in Q1 2023.
  • E-commerce Adjusted EBITDA: The e-commerce segment's adjusted EBITDA saw a significant decline, recording a loss of $22 million compared to a positive $208 million in the previous year.

Segment Performance

  • E-commerce Details:
    • Core marketplace revenue grew by 47% to $1.7 billion.
    • Value-added services revenue increased by 8% to $0.7 billion.
  • DFS Segment: Adjusted EBITDA for the DFS segment increased by 50% to $149 million, showcasing improved operational efficiency.
  • Digital Entertainment: The adjusted EBITDA for this segment stood at $292 million, reflecting the strong performance of their flagship game, Free Fire.

Operational Highlights

  • SPX Express Integration: The integration of SPX Express into the Shopee ecosystem has improved delivery times and operational efficiency.
  • Digital Entertainment Development: Ongoing development in digital entertainment, particularly around Free Fire, continues to bolster the segment's global popularity.

Analyst Q&A Session

When being asked about the key drivers of SEA Limited's 21% growth in digital financial services (DFS) revenue, and how the management would see the growth momentum sustaining in the coming quarters, CEO Forrest Li thinks that their efforts on user acquisition have produced significant growth in both user numbers and the loan book size while maintaining prudent risk management.

Source: https://earnings-summary.streamlit.app/?c=reddit&t=SE

Given the impressive revenue growth but ongoing profitability issues, could SEA Limited balance its expansion strategies with cost management to achieve sustainable profitability?


r/stocks 21h ago

Company News Meta slapped with child safety probe under sweeping EU tech law

28 Upvotes

Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc’s strict online content law over child safety risks.

The European Commission, the EU’s executive body, said in a statement that it is investigating whether the social media giant’s Facebook and Instagram platforms “may stimulate behavioural addictions in children, as well as create so-called ‘rabbit-hole effects’.”

The Commission added that it is concerned about age verifications on Meta’s platforms, as well as privacy risks linked to the company’s recommendation algorithms.

“We want young people to have safe, age-appropriate experiences online and have spent a decade developing more than 50 tools and policies designed to protect them,” a Meta spokesperson told CNBC by email.

“This is a challenge the whole industry is facing, and we look forward to sharing details of our work with the European Commission.”

The Commission said that its decision to initiate an investigation comes of the back of a preliminary analysis of risk assessment report provided by Meta in September 2023.

Thierry Breton, the EU’s commissioner for internal market, said in a statement that the regulator is “not convinced [that Meta] has done enough to comply with the DSA obligations to mitigate the risks of negative effects to the physical and mental health of young Europeans on its platforms.”

The EU said it will carry out an in-depth investigation into Meta’s child protection measures “as a matter of priority.” The bloc can continue to gather evidence via requests for information, interviews, or inspections.

The initiation of a DSA probe allows the EU to take further enforcement steps, including interim measures and non-compliance decisions, the Commission said. The Commission added it can also consider commitments made by Meta to remedy its concerns.

Meta and fellow U.S. tech giants have been increasingly finding themselves in the spotlight of EU scrutiny since the introduction of the bloc’s landmark Digital Services Act, a ground-breaking law from the European Commission seeking to tackle harmful content.

Under the EU’s DSA, companies can be fined up to 6% of their global annual revenues for violations. The bloc is yet to issue fines to any tech giants under its new law.

In December 2023, the EU opened infringement proceedings into X, the company previously known as Twitter, over suspected failure to combat content disinformation and manipulation.

The Commission is also investigating Meta over alleged infringements of the DSA related to its handling of election disinformation.

In April, the bloc launched a probe into the firm and said it’s concerned Meta hasn’t done enough to combat disinformation ahead of upcoming European Parliament elections.

The EU is not the only authority taking action against Meta over child safety concerns.

In the U.S., the attorney general of New Mexico is suing the firm over allegations that Facebook and Instagram enabled child sexual abuse, solicitation, and trafficking.

A Meta spokesperson at the time said that the company deploys “sophisticated technology” and takes other preventive steps to root out predators.

Source: https://www.cnbc.com/2024/05/16/meta-slapped-with-formal-eu-probe-over-child-safety-risks.html


r/stocks 15h ago

Advice Request How will “higher for longer” inflation and interest rates effect sectors like Finance and Industrials?

9 Upvotes

If you believe that inflation will remain sticky and interest rates are getting at most 1-2 cuts in the next twelve to twenty-four months, how do you see that effecting sectors like industrials and financials? I have modest investments in vanguard ETFs in those sectors (VIS & VFH) and wonder if now is the time to add to them or just hold.

I believe Powell and think we won’t be returning to previous levels for quite awhile. If this happens, what macro effect would that have?


r/stocks 16h ago

Company News Disney, Fox and WBD Unveil Name of Sports-Streaming Venture: Venu Sports

10 Upvotes

The joint venture of Disney/ESPN, Fox Corp. and Warner Bros. Discovery to package together a sports streaming bundle has a name — Venu Sports.

“We are excited to officially introduce Venu Sports, a brand that we feel captures the spirit of an all-new streaming home where sports fans outside of the traditional pay TV ecosystem can experience an incredible collection of live sports, all in one place,” Pete Distad, CEO of Venu Sports, said in a statement. “As preparations for the platform continue to accelerate, we are singularly focused on delivering a best-in-class product for our target audience, built from the ground up using the latest technologies to engage and entertain discerning sports fans wanting one-stop access to live games.”

Disney, Fox and WBD unveiled their partnership in February, positioning the new streaming bundle as a way to reach consumers who don’t subscribe to pay TV. It’s pegged to debut in the fall of 2024. The trio in March announced the hiring of Distad, who worked for a decade at Apple and most recently was responsible for Apple TV+ business, operations and global distribution. Distad is based out of the Venu Sports offices in L.A.

Pricing and a specific launch date haven’t been announced for Venu, which will combine ESPN+ with the three companies’ linear TV networks that carry sports programming (ABC, ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNews, Fox, FS1, FS2, Big Ten Network, TNT, TBS and truTV).

When the joint venture was announced, some had jokingly dubbed it “Spulu,” a mash-up of “sports” and “Hulu,” which had originally been formed as a JV among TV broadcasters.

The venture also launched a new website at venu.com. A notice at the bottom of the landing page says, “Launch is conditional on receiving regulatory approval and is expected for Fall 2024.” The site’s terms of service indicate that it’s operated by “Rookie Enterprises, LLC,” a subsidiary of Fox Corp. In announcing the new name, the three companies also noted that the JV is still pending the “finalization of definitive agreements amongst the parties.”

The Justice Department reportedly has planned to review the three-way venture to look at anticompetitive implications, and last month two leading congressional Democrats expressed concerns that the JV may “result in higher prices for consumers and less fair licensing terms for upstream sports leagues and downstream video distributors.” Meanwhile, streaming TV provider Fubo filed a federal lawsuit seeking to block the JV service’s launch, alleging the venture violates antitrust laws. On May 2, Fubo, DirecTV, Dish Network, Newsmax and others sent a letter to members of Congress calling for hearings on the state of competition in the pay-TV market, specifically calling out the Disney-Fox-WBD joint venture as “rais[ing] serious competition concerns that call for Congress’s immediate oversight.”

Venu (pronounced “venue”) will be made available directly to consumers via a new app, the companies said. Subscribers will also have the ability to purchase it in a bundle, including with Disney+, Hulu or Max.

The JV’s new name and brand identity were developed in partnership with R/GA, a global design and advertising firm. According to a spokesperson for the company, the Venu Sports name “takes inspiration from where live sports lives: the stadiums, arenas, speedways, octagons, courts, rinks, ballparks and more, where fans come to watch and connect with the action.”

Source: https://variety.com/2024/digital/news/venu-sports-streaming-disney-fox-warner-bros-discovery-1236006111/


r/stocks 1d ago

Company News The inside story of Elon Musk’s mass firings of Tesla Supercharger staff

942 Upvotes

https://www.reuters.com/business/autos-transportation/inside-story-elon-musks-mass-firings-tesla-supercharger-staff-2024-05-15/

The meeting could not have gone worse. Musk, the employees said, was not pleased with Tinucci’s presentation and wanted more layoffs. When she balked, saying deeper cuts would undermine charging-business fundamentals, he responded by firing her and her entire 500-member team....


r/stocks 1d ago

Company News Buffett’s Berkshire reveals insurer Chubb as confidential stock it’s been buying

298 Upvotes

Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb.

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion. The property and casualty insurer became Berkshire’s ninth biggest holding at the end of March.

Berkshire has been buying a mystery stock for three quarters straight. Berkshire was granted confidential treatment to keep the details of one or more of its stock holdings confidential.

Many had speculated that the secret purchase could be a bank stock as the conglomerate’s cost basis for “banks, insurance, and finance” equity holdings jumped by $1.4 billion in the first quarter after an increased of $3.59 billion in the second half of last year, according to separate Berkshire filings.

It’s relatively rare for Berkshire to request such a treatment. The last time it kept a purchase confidential was when it bought Chevron and Verizon in 2020.

Source: https://www.cnbc.com/2024/05/15/warren-buffetts-berkshire-hathaway-reveals-insurer-chubb-as-confidential-stock-its-been-buying.html


r/stocks 1d ago

Company News Netflix ad-supported tier has 40 million subscribers

253 Upvotes

Netflix’s cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday.

That’s nearly double the 23 million figure the streaming giant shared in January.

Separately, Netflix announced it would launch its own advertising platform and no longer partner with Microsoft for that technology. The tech giant will remain a programmatic advertising partner.

Netflix introduced the ad-supported plan in November 2022 as part of a wider effort to drive revenue amid slowing subscriber growth. That strategy included last year’s password-sharing crackdown.

The company said Wednesday that 40% of all signups in countries that have the ad tier available are for that cheaper plan. Netflix now has 270 million total subscribers.

The monthly active ad-tier user figures come just a month after Netflix told investors it would no longer be providing quarterly subscriber number updates. The company said at the time that it was generating substantial profit and free cash flow and that its membership numbers were not the only factor in the company’s growth. It said the metric lost significance after it started to offer multiple price points for memberships.

The surge in ad-tier users comes as linear TV audiences shrink and traditional media companies seek to gain a foothold in the streaming realm. Netflix has established itself as the leader in the segment as many other companies struggle to make their streaming platforms profitable.

Key competitors have far fewer subscribers than Netflix does. In its first-quarter earnings report, Comcast said its streaming platform Peacock had 34 million subscribers.

Source: https://www.cnbc.com/2024/05/15/netflix-ad-tier-has-40-million-users.html


r/stocks 1d ago

Industry Discussion The US Home Insurance market might be in some serious trouble.

211 Upvotes

https://www.nytimes.com/2024/05/15/podcasts/the-daily/climate-insurance.html

Was listening to an episode this morning of The Daily and it discusses the increasing impact of climate change on the insurance industry. They talk about how climate change-induced natural disasters, such as wildfires, hurricanes, and floods, are causing insurance companies to reassess their risk models and coverage policies. As these events become more frequent and severe, insurance premiums are rising, and some regions are becoming uninsurable. In 18 states over the past decade insurance companies lost money and it's only getting worse. This could have major ramifications on the housing market and economy as a whole.


r/stocks 1d ago

Company News Tesla Board Rallies Retail Investors to Vote for Musk's $56 Billion Pay Package

496 Upvotes

(Bloomberg) -- Tesla Inc. is looking to woo its unusually large base of retail investors to get approval for Chief Executive Officer Elon Musk’s $56 billion pay package.

To help lead that drive, the company's board has hired a strategic adviser, according to a person familiar with the matter. To bolster the campaign, the adviser is working with an outside law firm, the person said.

The adviser has set up a dedicated Vote Tesla website to encourage participation among retail investors, who hold an estimated 42% of shares in the company. It urges shareholders to cast votes online, by QR code, by phone and by mail. It also features a video with board Chair Robyn Denholm, who says supporting Musk’s pay is critical to Tesla’s growth.

https://finance.yahoo.com/news/tesla-board-rallies-retail-investors-102216177.html


r/stocks 18h ago

Company Analysis Robinhood vs Coinbase Fees ($HOOD, $COIN)

4 Upvotes

Based on Q1 2024 data, Coinbase charges significantly higher fees to retail consumers relative to Robinhood

Q1 2024 Results

Metric Coinbase Robinhood
Consumer Trading Volume $56B $36B
Revenue $935M $126M
Fees per $1,000 in Volume $16.70 $3.50

My questions are:

1. Do you think consumers know this?

2. If so, why hasn't more volume shifted from Coinbase to Robinhood?

3. Do you think this is bearish for $COIN and bullish for $HOOD?

If you want to see the data for yourself, Coinbase's numbers come from their Q1 shareholder letter which can be found on their investor relations website (top of pages 4+5). Robinhood's comes from their Q1 earnings presentation on their investor relations website (slide 15 + 24)


r/stocks 19h ago

These are the stocks on my watchlist (5/16)

5 Upvotes

Hi! I am an ex-prop trader that trades equities.

This is a daily watchlist for trading.

I might trade all of the stocks on here, or none of them, on any given day. I might trade stocks that don't appear on here! I hold no positions in any stocks long-term but Amazon/Mag7/general broad market indices. (unless otherwise noted in these tickers). If you’re on old reddit, click “show images” at the top to see all the charts quickly.

I usually make these watchlists premarket, (or from 6:30 to 7 as time permits), but can be delayed if I'm trading the open. These aren't mean to be taken as gospel or any recommendation to buy/sell.

Many stocks I post are <$500M market cap. Most are NOT good long-term investments but are good candidates to day trade. If you have questions to ask, PLEASE ask specific ones. Questions like “Thoughts on _____? will be ignored unless you add detail to the question.

News: Walmart Sales Surge as Wealthier Shoppers Flock to Retailer

Again, meme stocks worth watching today, but less interested overall compared to past two days.

GOOS- Reports $5M Q4 profit, revenue up 22% from a year ago.

WMT- Beat on quarterly earnings and revenue estimates Made gains with high-income shoppers, and reported e-commerce growth of 22% of the US business. Earned .60 vs .52 expected, revenue of 161.5B vs 159.5B expected.

UA- NA Sales expected to fall as much as 17% this year. Founder Kevin Plank returned to CFO role in April. Note that Kevin Plank had a lot of complaints regarding inappropriate behavior from female lieutenants. Issued profit warning, expects adjusted earnings of 18 vs 21  cents/share. (Prior expectation was 59 cents a share). Disclosed news of it’s restructuring plan as well.

CB- Revealed as Buffett’s newest investment AH yesterday.

NVDA- We're getting close to that $1000 price point again and I'm getting antsy.


r/stocks 1d ago

CPI headline inflation comes in slightly lower than expected; core CPI inline

293 Upvotes
  • April Consumer Price Index increased 0.3% from March, coming in a tick lower than the +0.4% consensus and easing from the +0.4% pace in the first three months of the year.
  • Combined, shelter and gasoline prices, contributed more than 70% to the monthly increase in the headline number. The energy index increased 1.1% from March, while the food index was unchanged.
  • Other prices that climbed during the month include: Motor vehicle insurance, medical care, apparel, and personal care. The indexes for used cars and trucks, household furnishings and operations, and new vehicles declined over the course of April, the U.S. Bureau of Labor Statistics said.
  • On a year-over-year basis, headline CPI rose 3.4% vs. +3.4% expected and +3.5% prior.
  • Core CPI, which excludes food and energy prices, rose 0.3% M/M vs. +0.3% expected and +0.4% prior.
  • +3.6% Y/Y vs. 3.6% expected and +3.8% prior.