PM what is that... Up top? Wholesale electricity prices also surged across U.S. markets, including new record highs for ERCOT next-day prices on the Intercontinental Exchange. With all this talk about Electric cars... what is the overall way to play this extra electricity usage?
Visa Vi the Hemp clothing. It itches. And it's a bit stiff and of course one has an overwhelming urge to smoke it.
Kass: Living in Cathie Wood's World ARKK is an excellent proxy for the exaggerated speculation in large cap disruptive technology. By DOUG KASS Feb 13, 2021 | 08:30 AM EST Stocks quotes in this article: ARKK, TSLA, CSCO In every stock market cycle there is a dominant investor who captures the market's zeitgeist by incorporating and reflecting the ideas and beliefs of the times. But there is an inevitability of every market cycle that the optimistic expectations will be over exploited, valuations will go to extremes and a painful bust will follow. Today's market cycle seems no different than others in the past. Cathie Wood's ARK Innovation (ARKK) may be this cycle's bank trust department (think late 1960s, early 1970s) or the Janus 20 (of the dot.com bubble period): "We Invest Solely In Disruptive Innovation" As their investment catchphrase goes (see above) Ark Invest only invests in disruptive technology. But, in every market cycle the dominant investor's (e.g., ARK) moat is considered impenetrable - that their assets under management will never go out of style, or they can never pay too much for the constituent investments of the strategy and that their style, like investment trees, will grow and soar to the sky. As night follows day, the dominant investor's (e.g., ARK) hubris spreads like the wildfire of the valuation of their investments. From ARK's website: Invest In The Future Today ARK identifies more innovation evolving today than ever before. We believe it is changing lives and businesses across the globe dramatically, creating opportunities to own the next big thing by investing in the future today. Take Advantage Of Market Inefficiencies...Make The World A Better Place Bank trust departments 50 years ago couldn't pay enough for the Nifty Fifty: "In the United States, the term Nifty Fifty was an informal designation for fifty popular large-cap stocks on the New York Stock Exchange in the 1960s and 1970s that were widely regarded as solid buy and hold growth stocks, or "Blue-chip" stocks. These fifty stocks are credited by historians with propelling the bull market of the early 1970s, while their subsequent crash and underperformance through the early 1980s are an example of what may occur following a period during which many investors, influenced by a positive market sentiment, ignore fundamental stock valuation metrics." The Janus Funds (and Janus Twenty in particular) got hit by the turmoil as the dot.com bubble burst in the early 2000s. Its concentration in technology stocks led to a rapid rise and steeper fall when the boom turned to bust. Janus' assets peaked at $325 billion in the first quarter of 2000, before shrinking by over -60% over the next three years. (Here is some more background information on Janus' fall from grace, see here and here.) No worries, though, as ARK's CEO is certain, in an interview yesterday, that there is no bubble in equities nor in here portfolio: One of the key features of the bank trust departments who suggested that there was no multiple for Polaroid or Eastman Kodak that they would not pay for or Janus' same conviction in Cisco (CSCO) - were their outlandish predictions. And ARK's Cathie Wood is loaded with them: Here is what I recently wrote about my ARKK short: Feb 01, 2021 ' 07:21 AM EST DOUG KASS Trade of the Week - Short ARKK ($140) * I am shorting ARKK in the pre- market above $140/share * Will Cathie Woods and holders of ARKK need an ark if my concerns regarding speculation are realized? For those that are looking for a relatively conservative and diversified way to short a basket of what I believe are some of the most overpriced gewgaws extant - the ETF (ARKK) (ARK Innovation ETF) might be appealing to you. Led by a near 11% holding in Tesla (TSLA) , here are ARKK's Top 10 Holdings. Besides an 11% holding in Tesla, some of ARKK's portfolio of top 10 names includes a 7% holding in Roku (ROKU) (27x sales), Square (SQ) (320x PE), Twilio (TWLO) (40x sales and Shopify (SHOP) (700x PE), etc. ARKK is probably the largest actively traded ETF and is managed by superstar Cathie Woods - who recently predicted that TSLA would trade at $7,000 by 2024 and ultimately hit $15,000/share. In other words, Ms. Woods believes Tesla is worth between $7-$15 trillion. I probably could stop here but I won't! From Mike Lewitt's The Credit Strategist on Woods' view and comments on Tesla: "In normal times this would be crazy talk. Actually, in any age this should be considered the utterings of a shaman. But today it just blends into all the other crazy talk and people just nod their heads like a bunch of bobble heads and let it pass." Money has poured into this ETF - causing more and more of the underlying stocks to be purchased by ARKK. In fact, ARKK doubled in size in 3Q2020 to nearly $9 billion. As I discuss in my opening missive (coming up) I believe we are now experiencing "Peak Speculation" and shorting ARKK (a proxy for speculation) is a call that the sizeable inflows of the last few years will become outflows in the year ahead. I am shorting ARKK - the hippest ETF extant - in the pre-market above $140/share. Bottom Line Stock market cycles almost always go to the extreme. Currently the popularity of ARK Invest and their constituent investments are benefiting from a virtuous cycle. But, virtuous cycles are such - they turn into less virtuous cycles and, sometimes, even vicious cycles. As in the Byrds "Turn, Turn, Turn": "To everything turn, turn, turn There is a season turn, turn, turn And a time to every purpose under heaven A time to be born, a time to die A time to plant, a time to reap A time to kill, a time to heal A time to laugh, a time to weep..." But, in the extreme when looking at the future, Barry McGuire's "Eve of Destruction" might be a reasonable foreshadowing of events to come facing ARK Invest: "But you tell me over and over and over again my friend Ah, you don't believe we're on the eve of destruction." To this observer, ARKK is an excellent proxy for the exaggerated speculation in large cap disruptive technology. It is one of my largest shorts.
Hmmmm..... And you are from Connecticut. And you do have a knack for all these biotech issues that vz (or any other normal person) has zero clue about. "Top Tick" huh? OK Stoney, its time to come clean. .... Where'd Lymes come from? And don't tell me Wuhan. ______________________________ Oh btw... my "tub of glue".... LAZR.... has risen from the dead... and Corsair has done nothing but fall since their earnings report. The race to $50 is still on Stoney.... and LAZR is heavily shorted. You know what that means....
I have switched horses as you know it is now LAZR vs HEAR... And my whole family has had Lyme at one time or another very very scary stuff....
Escaping Ct on Monday driving back to NYC. Look I have given you a three length lead!!!! The race to $50 Place Your Bets!!!! HEAR 11.26K followersTurtle Beach Corporation $34.10 + 1.08(+3.27%) VS LAZR 17.85K followersLuminar Technologies, Inc. $37.73 + 1.79(+4.98%) Turtle Beach guides Q4 EPS above estimates, sales and EBITDA reached record levels Feb. 10, 2021 8:46 AM ETTurtle Beach Corporation (HEAR) Turtle Beach(NASDAQ:HEAR)sees Q4 Non-GAAP EPS between $0.73-0.82 vs. a consensus of $0.47; sees adjusted EBITDA between $21M and $23Mvs. $16.6M in last year's quarter. "Driven by our exceptionally strong operational execution in a robust market for gaming accessories, our sales and adjusted EBITDA reached record levels in 2020," said Juergen Stark, CEO. "In addition, we more than doubled our sales of ROCCAT PC accessories. We ended the year with $46 million in cash, no debt and a strong platform for expanding into new product categories and continuing to grow the business". Videogame sales jump again, up 42% to January-record $4.7B
I threw this idea out once--- MEXICO....<--- Mexican economy is primed for excess- they have spent next to nothing on Covid.... Ingredion(NYSE:INGR) Ingredion is a company that provides specialty sweeteners and texturisers to the food and beverage industry. It has about 15% exposure to breweries, many in Mexico, and has some short-term forex volatility, but most of its customers provide essential food products that are unlikely to see sales pressure even in a continued economic downturn. Indeed, its sales were quite resilient even in the worst of COVID-19 lockdowns despite its exposure to food channels and beer customers. the process byproducts, which are soy substitutes--- They sell on the open market Look at soy prices lately. They are already much higher than in 2017. Stock in the Spotlight - Ingredion Inc. Ingredion (INGR) Ingredion is the new name given to Corn Products International, whose roots lie in a collection of corn-based refineries dating back to 1906. INGR refines corn oil, tapioca, potato and rice into food, beverage, and industrial grades starches and sweeteners. The current trends in food processing include moving to healthier and more natural ingredients. Sweeteners that are lower calorie and sugar-free, plant-based proteins, and the movement toward "clean and simple" ingredients all require agricultural, manufacturing and supply chain adjustments. This is evidenced in INGR both acquiring innovative ingredient makers such as PureCircle (stevia-based sweeteners) and investments in plant-based protein initiatives. INGR is a global business with roughly 65% of its revenues in North America and the remainder throughout Europe, South America, and Asia. Returns on invested capital have been quite high while free cash generation has been consistently strong in the $350-$450 million range. INGR has grown its dividend, reduced its share count through repurchases and reinvested in the business. COVID-19 put a dent in INGR sales around the world as consumers shifted from eating out at restaurants toward grocery store and on-line delivery. Food and beverage ingredient (think beer from Mexico in INGR's case) sales weakened considerably as food processors managed down inventories and shifted their downstream product sales toward grocery chains. INGR had faced soft top line sales prior to COVID-19 as food processors slowly move toward better and healthier ingredients - something INGR is working to increase both through new investment (e.g. plant based protein manufacturing) and acquisitions. The anti corn syrup movement has hurt this Co... We believe once sales growth picks up as people eat out again, INGR will be well positioned, both in resuming sales of its core products and show gains in its new healthier ingredient offerings. Earnings power recover to $7-$8/share is not difficult to model while intrinsic value could drive higher from the $115/value we place on the business today. With the stock at ~$78, that is a 47% upside initially and a growing intrinsic value as time marches on. Ingredion Share Price TOTAL RETURN ALERT**** 14% yield... $9.00 stock is it true? First We Found The Money Pit and a strange stone with markings Next seven people died. Then we found a $9 stock that yields 14%... Antero Midstream (+27% YTD)- AM is a natural gas midstream pipeline company serving the Marcellus and Utica shale reservoirs that are explored and produced by its former parent company Antero Resources (AR). AM remains economically bound to AR through long term take or pay contracts that represent ~90% of its revenues. We have been impressed by AR's ability to profitably hedge its various natural gas related fuels which has allowed it to remain profitable during exceptionally low commodity prices. AR continues to own 35% of AM and benefits from the rich dividend that AM generates. We expect AM will continue to pay the dividend, which currently stands at a 15% yield.<-- NFE-$54.50<---- New Fortress Energy (+244% YTD) -NFE exploited opportunities to construct and operate in-bound liquified natural gas (LNG) facilities for Caribbean nations that rely on imported diesel fuel to operate their electricity grids. Early success in Jamaica and Puerto Rico is now being expanded into Mexico and Nicaragua to take advantage of replacing high cost imported diesel fuel to lower cost and more environmentally friendly LNG. NFE is also experimenting with hydrogen in its fuel source mix. Hydrogen is the most abundant of elements with zero carbon emission and there are many ventures attempting to lower the delivered price of hydrogen using green energy sources that may create a carbon free breakthrough fuel in the future. New Fortress Energy price target raised to $67 from $53 at Evercore ISI 01/15 NFE, GMLP Evercore ISI analyst Sean Morgan raised the firm's price target on New Fortress Energy (NFE) to $67 from $53 and keeps an Outperform rating on the shares. New Fortress' three "material" acquisitions have "greatly accelerated the already rapid growth profile of the company," Morgan tells investors in a research note. He views the purchase of the Hygo and the Golar LNG Partners (GMLP) fleet as "substantially transformative." I like the CEO he looks stoned!!! New & Interesting Stocks for Next week.... A) NFE- B) AM- C) INGR- Travel Centers of America I think I sold this I still don't know about my GDDY! In the same email I said sell this... Again for the wrong reason complete boredom! I have some re connecting to do at the Hedge Fund.... Service Properties Trust is a significant landlord and owner of TA stock. In 2019, its managing director, Adam Portnoy helped recruit Jonathan Pertchik, a seasoned turnaround executive, to be TA's CEO. Mr. Pertchik is focusing his efforts on reducing the large expense base at the company that may set it up for a sale in the coming years. It's taking to long!
I did a quick look at hemp as a sustainability fabric. It seems it's a different plant than what you smoke. US isn't really growing it. Other countries are and it probably has a future here too for different fabric uses, but not a lot of stock excitement there I don't think. There does seem to be money in the future for patents that deal with polyester (plastic) fabric reuse. it just doesn't seem to be at the commercialization stage anywhere. One newly-public Swedish company is building the first plant for breaking down and reusing cotton/ viscose fabric, but that stock already looks like plenty of people interested. Renewcell AB FRA: 6QP 26.16 EUR +1.42 (5.74%) https://news.bio-based.eu/renewcell...-sundsvall-textile-recycling-plant-in-sweden/ Renewcell’s shares are traded on the Nasdaq First North Premier Growth Market exchange (Swedish) under RENEW So both Renewcell and Unifi both look promising in fabrics, but they don't have a feel of a "find."
I did a quick look at hemp as a sustainability fabric. It seems it's a different plant than what you smoke. Oh yes much different. But they said that about CBD and now people are smoking that. Given the chance people will smoke anything. On a desert island alone with my hemp suit the urge would be too great.