All things STOCKS

#13,681
#13,681
mrorange211 said:
maybe ZM or ROKU?
Click to expand...

I haven’t kept up with ROKU - perhaps they have value from the trend toward cutting the cable. But ZM probably got way ahead of itself as a COVID darling, but a company like MSFT could squash them in no time if they wanted to risk the pushback from government regulators.

Last time that I read through her holdings, I had zero familiarity with at least half of the names. I bet that the collective p/e is off the charts.
 
#13,683
#13,683
Bad timing for this news. Kicking Elon while he is on the down and out..


03:27 PM EST, 12/27/2022 (MT Newswires) -- Shares of Tesla (TSLA) slid Tuesday after reports suggested that production at a key Chinese manufacturing facility could run at reduced capacity for longer than anticipated, Wedbush Securities said in a note.


Tesla reportedly suspended production at its Shanghai plant on Saturday, a day earlier than planned. Reuters reported Tuesday that the company plans to stop vehicle production from Jan. 20 to Jan. 31. Shares of Tesla declined 9.1% to $111.93 by Tuesday afternoon, taking its monthly retreat to nearly 43% and the year-to-date loss to 68%. The stock has posted daily losses over the last six trading sessions.


"With China the core linchpin to the Tesla bull thesis, worries are growing around what the softening demand picture looks like for 2023 given the dark macro clouds and increasing domestic (electric vehicle) competition," said Wedbush analyst Daniel Ives in a note.


Wedbush reiterated its expectations that Tesla "will likely miss reduced Street estimates" for fourth-quarter deliveries. Last week, Ives lowered his estimate on Tesla units for the current quarter to the 410,000 to 415,000 range, compared with his prior estimate of 450,000. The reduced outlook reflects higher inventory levels, price cuts and production slowdowns in China, Ives said.


Wedbush slashed its price target on the stock last week to $175 from $250 but reiterated an outperform rating, which it stood by on Tuesday.


Reuters said Tesla didn't specify a reason for the production slowdown. China has been grappling with COVID-19 infections as the government recently eased its COVID-19 lockdown policy, Reuters reported.


Ives continues to see "potentially $5-$6 of earnings power in 2023" for Tesla, with the possibility that it could approach delivery growth above 40%.


If Musk refocuses back on Tesla from Twitter (TWTR) and stops selling stock, the board initiates a buyback program and the 2023 guidance is set conservatively, then Tesla's stock "has bottomed in our opinion and works from here," Ives reiterated. "However, any further Musk strategic missteps will be carefully scrutinized by the Street and further weigh on shares."
 
#13,684
#13,684
Jax_Vol said:
Bad timing for this news. Kicking Elon while he is on the down and out..


03:27 PM EST, 12/27/2022 (MT Newswires) -- Shares of Tesla (TSLA) slid Tuesday after reports suggested that production at a key Chinese manufacturing facility could run at reduced capacity for longer than anticipated, Wedbush Securities said in a note.


Tesla reportedly suspended production at its Shanghai plant on Saturday, a day earlier than planned. Reuters reported Tuesday that the company plans to stop vehicle production from Jan. 20 to Jan. 31. Shares of Tesla declined 9.1% to $111.93 by Tuesday afternoon, taking its monthly retreat to nearly 43% and the year-to-date loss to 68%. The stock has posted daily losses over the last six trading sessions.


"With China the core linchpin to the Tesla bull thesis, worries are growing around what the softening demand picture looks like for 2023 given the dark macro clouds and increasing domestic (electric vehicle) competition," said Wedbush analyst Daniel Ives in a note.


Wedbush reiterated its expectations that Tesla "will likely miss reduced Street estimates" for fourth-quarter deliveries. Last week, Ives lowered his estimate on Tesla units for the current quarter to the 410,000 to 415,000 range, compared with his prior estimate of 450,000. The reduced outlook reflects higher inventory levels, price cuts and production slowdowns in China, Ives said.


Wedbush slashed its price target on the stock last week to $175 from $250 but reiterated an outperform rating, which it stood by on Tuesday.


Reuters said Tesla didn't specify a reason for the production slowdown. China has been grappling with COVID-19 infections as the government recently eased its COVID-19 lockdown policy, Reuters reported.


Ives continues to see "potentially $5-$6 of earnings power in 2023" for Tesla, with the possibility that it could approach delivery growth above 40%.


If Musk refocuses back on Tesla from Twitter (TWTR) and stops selling stock, the board initiates a buyback program and the 2023 guidance is set conservatively, then Tesla's stock "has bottomed in our opinion and works from here," Ives reiterated. "However, any further Musk strategic missteps will be carefully scrutinized by the Street and further weigh on shares."
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Cut the share price by 10% because 3.2% of the 2023 production days at ONE factory have been cut. Wall Street math.
 
#13,686
#13,686
My ESPN and ESPN2 feeds are gone. End of one bowl game and the start of the next are dark. I don’t know if that deserves a short of Disney or Comcast. Great job fellers!
 
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#13,687
#13,687
Thunder Good-Oil said:
Cut the share price by 10% because 3.2% of the 2023 production days at ONE factory have been cut. Wall Street math.
Click to expand...

Of all times to release that report....during the holiday break.

Elon is fabulous, but has obviously angered many people. Or, the press is jealous. Or something.

The pen is mighty than the sword.

That final ten minutes was intense stuff.
 
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#13,697
#13,697
What’s TSLA off? Something like 30% in a week? 75% off the 52 week high?

This is what confirms my belief that Liz Warren is nuts. She wants to make it difficult for public companies to buy back their own shares. If a company has lots of cash and the share price has been targeted by shorts, they need to counter it by buying back shares. No brainer.
 
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#13,698
#13,698
I think stock buy backs are illegal around most of the world. I’m too lazy to check. I actually think it’s a pretty stupid practice. I am biased as that is where most of Eastman’s money goes. You can’t get a nickel to build a productive asset that meets a need. We make about a billion a year free cash flow and that’s what they do with it.
 
#13,699
#13,699
Important dates for 2022 year end

The last day to sell long stock and option positions for tax year 2022 will be Friday, December 30th.

Short stock and short option positions generally use settlement date on closing trades instead of trade date for tax purposes.

The last day to buy to cover short stock positions for tax year 2022 will be Wednesday, December 28th.

The last day to buy to close short option positions for tax year 2022 will be Thursday, December 29th.
 
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#13,700
#13,700
Firebirdparts said:
I think stock buy backs are illegal around most of the world. I’m too lazy to check. I actually think it’s a pretty stupid practice. I am biased as that is where most of Eastman’s money goes. You can’t get a nickel to build a productive asset that meets a need. We make about a billion a year free cash flow and that’s what they do with it.
Click to expand...

Companies with cash have several options.

Pay dividends to shareholders. But there’s double taxation - and no deduction when paying them.

Expand the business - hire more and/or invest in CapEx. Not such a great idea when the economy is so uncertain. The socialists would want bonuses handed out to employees. But employee’s pay should be determined by supply and demand of the labor market for their skill. Are employees going to give some of their pay back to the employer if the profits were poor?

Buy up competitors. Not a bad idea. But Liz and the other Leftists in government would probably attack them over anti-trust allegations.

Keep it. Invest in securities of other public companies or buy debt and earn some interest. But that leaves the company (and the shareholders) vulnerable to corporate raiders that will take over the company, fire staff and sell assets, all while financing it with the healthy balance sheet of the company that’s being targeted.

Buy back shares. Increases shareholder value. Isn’t a taxable event. Great idea as long as the additional shares in the corporate treasury aren’t being handed out to crooks running the company for their own benefit instead of for the benefit of the remaining shareholders. If the share price takes off they can put them back on the open market. Legal insider trading if they do it right.

The government creating legislation to restrict reasonable strategies of corporations is a bad practice.
 
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