Author: pluginever
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Goldman Sachs tops estimates on better-than-expected fixed income trading
Goldman Sachs said Monday that it topped second-quarter profit and revenue estimates on better-than-expected fixed income results. Here’s what the company reported: Earnings: $8.62 per share vs. $8.34 per share LSEG estimate Revenue: $12.73 billion vs. $12.46 billion estimate Goldman said profit jumped 150% from a year earlier to $3.04 billion, or $8.62 per share;…
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These are the stocks on my watchlist (7/15)
Hi! I am an ex-prop shop trader who trades equities. This is a daily watchlist for trading: I might trade all the stocks on here, or none of them, and stocks not on here on any given day! I only hold MAG7/general broad market indices long-term, unless otherwise noted in the ticker. If you use…
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Cleveland-Cliffs to buy Canadian steelmaker Stelco for $2.8 billion
Cleveland-Cliffs said on Monday it will buy Canadian peer Stelco Holdings for C$3.85 billion ($2.8 billion), marking its first acquisition since a failed bid for rival U.S. Steel last year. Cliffs’ CEO Lourenco Goncalves said the steel maker stands to benefit from the deal as the enterprise value has a lower cost structure compared to…
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Looking to offset capital gains
I sold a few stocks at a gain. We'll say for $100. I have another stock I own that is down a total of ~$150. I'd like to avoid capital gains. Can I sell the down stock for a $150 loss and buy back in? Will that offset the gains? Or will it be seen…
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Google reportedly in advanced talks to acquire cyber startup Wiz for $23 billion, its largest-ever deal
https://www.cnbc.com/2024/07/14/google-wiz-cybersecurity-deal-largest-ever.html Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street Journal reported Sunday, citing people familiar with the matter. The people familiar told the Journal that a deal could come soon. Wiz was founded in 2020, and has grown at a rapid clip under CEO Assaf Rappaport. It…
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Allego (ALLG) is going private, do I have to sell my shares?
Generically curious if I have to sell my shares, and specifically curious if there's any rationale why to or not to… will it be hard to liquify my ownership if they do become profitable in the future? If some company was willing to pay double price for the company, surely they have plans and it…
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Realiance Shares in IEAPF
Hello, I have reliance shares that have gone to IEAPF. I am going through Geojit agency in Bangalore. they have connected me with an independent agent to go through the process…my dilemma is that the guy is quoting, 20% upfronnt and 25% of total value which would be around 7 lakhs in fees. Is this…
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Burberry shares drop 15% after the luxury giant issues profit warning and replaces CEO
Shares in Burberry plunged over 15% in early trading on Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend. The 168-year-old British luxury giant said that if the recent trading slowdown continues, it expects to report an operating loss for the first half of…
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GM’s 2025 EV production capacity target in doubt after Barra comments
General Motors’ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following comments Monday by CEO Mary Barra. The production capacity target for next year was one of the last EV targets the automaker hadn’t lowered or withdrawn as demand for EVs…
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Stocks on my watchlist for Wednesday
Uptrending Tickers MARA (Marathon Digital Holdings, Inc.) – 8/16/24 29C 1.73 Sentiment: Volatile. The sentiment is highly dependent on cryptocurrency trends, particularly Bitcoin prices. Mining profitability and regulatory news are critical factors influencing analyst outlooks BA (The Boeing Company) – 8/16/24 205C 1.72 – **Sentiment**: Positive. Recent news on airline orders and deliveries has been…