Boiler Room: The Official Stock Market Discussion
I jumped into the clean energy ETF (ICLN) on Monday. Turns out their biggest holding is ENPH. Looks like the entire sector is on the move.
Just a heads up that another big player in the industry (FSLR) is having their Earnings Report tomorrow & that could bring additional volatility across other solar stocks.
Couldn't have happened to a 'better' company.
Googles earning was super predictive of metas as well. If google couldn’t even hit top and bottom the meta had no fukkin chance.
Meta aka Facebook will see diminishing ad revenue for the foreseeable future as the cookie deprecates, their user level shrinks to nothing but old people, and their platform being just total shyt for people. They need to quickly innovate outside of stupid fukkin meta verse that nobody gives a fukk about and most of all, advertisers don’t care about. They need to acquire or some shyt.
Meta aka Facebook will see diminishing ad revenue for the foreseeable future as the cookie deprecates, their user level shrinks to nothing but old people, and their platform being just total shyt for people. They need to quickly innovate outside of stupid fukkin meta verse that nobody gives a fukk about and most of all, advertisers don’t care about. They need to acquire or some shyt.
They have like 2 billion daily active users and 3 billion monthly active users. More people than just boomers in a country that has like what 330ish million in total population use Facebook. The death of Meta's core product will be a long drawn out one.
The metaverse in and of itself isn't a bad idea. The problem is the tech isn't there yet hence they're spending billions trying to get it there. If they can succeed in that they will effectively own the next evolution of the internet and the hardware used to access it. Meta's problem right now is they don't own the hardware they depend on for advertising. They have a heavy dependence on mobile and Apple and Google gate keep that. The Metaverse solves that.
Not if I buy the dip before the markets openI did.
From where I sit, and that’s in the industry, fb budgets have continuously gone down and will continue to do so in my opinion. They won’t all of a sudden drop like a rock but price is the best news and guide to any stock. From an objective chart perspective which I value more than even my own industry expertise, clear bear flag confirmed with todays er. Where it will go long term especially if your cost basis is in the 200s and 300s isnt good right now.
Meta is a advertising company with a dependent product that doesn't afford them much access to user data. Google has the search engine, YouTube, Android and all those services. Google probably knows more about you and your habits than blood relatives. Amazon has their online store so they know shopping habits and what you're interested in there. Meta has apps they put on Google and Apple phones. They got billions using the product but it now exist inside a bubble they can't see outside of so how do they target ads to those users?
You say they gotta innovate. Do that how? No matter what they make on social media it still exist inside Apple and Google's house. Meta's long term survival depends on them getting away from that. People talk about TikTok but Meta burned through almost that company's entire 2021 revenue just last quarter on a pet project. In the last 3 months Meta did like 6x TikTok's 2021 revenue.
Meta rode the social media wave as far as they could. They need to transition to a different business. Zuck has it right. They need to transition to a business field they don't even really have any competitors in. The metaverse is that right now.
But if they spending billions for shyt like this they can cancel that.
Look like a damn PS2 game.
Credit Suisse shares plunge 14% as bank announces huge third-quarter loss and strategic overhaul
Credit Suisse has posted a quarterly loss that is significantly worse than analyst estimates, as it announced a massive strategic overhaul.
Credit Suisse shares plunge 14% as bank announces huge third-quarter loss and strategic overhaul
Shell coming in strong/cloudfront-us-east-2.images.arcpublishing.com/reuters/CGT3VIWWF5OTBJP4J7PFDEMALU.jpg)
Valero kicks off U.S. refiners earnings season with bumper profit
Refiner Valero Energy Corp reported a bumper third-quarter profit that zoomed past Wall Street estimates on Tuesday, as margins were boosted by demand for fuel and refined products.www.reuters.com
XLE
Chevron and Exxon report on Friday
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Shell reports drop in profit to $9.45 billion, hikes dividend
Shell on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter's record high, due to weaker refining and gas trading, and said it will sharply boost its dividend by the end of 2022 when its CEO departs.
www.reuters.com
You already know OXY is going kill it, since Buffett has been buying that like:
Shopify beats quarterly revenue estimates
Shopify Inc beat Wall Street estimates for quarterly revenue on Thursday, as businesses stuck to the Canadian online services provider's tools and payment options to scale up. The company's third-quarter revenue rose 22% to $1.4 billion. Analysts had expected $1.34 billion, according to...
finance.yahoo.com