Author: pluginever

  • so confused… please help me.

    I bought a stock a couple years ago at $18 per share and it has gone all the way down to $2 per share (not my proudest moment). The stock underwent a reverse stock split of 1:10 and now, instead of purchasing 1000 shares at a $18 stock price, it is saying now that I…

  • Stock Market will break new record in 2024

    As an investor of 2 years with returns of +20%, I believe that the S&P 500 index could soar to new heights in 2024 due to a combination of factors including robust economic growth, strong corporate earnings, and favorable monetary policies. With technological innovation driving gains in key sectors, such as tech, healthcare, and renewable…

  • SOFI, My Thoughts: Don’t be shy to poke holes in my ideas!

    Initial purchase of 700 shares @ $8.50 through CSP, January 2024 Added 800 shares @ $7.09, April 29, 2024  Thesis has remained for both purchases, lots of things to potentially look forward to.  Writing this as of Q1 2024 for the company, April 29, 2024 Why SoFi? Lots of good things to say. First thing,…

  • Calculating total cost, transaction value, and P/L when going short

    I've been stumped by this because the netted profit doesn't add up to the transaction values so it equals with the total cost in the table below. It's a very simple example with no trading fees. Name of Stock No. bought/sold No. Remaining Current Price Transaction Value Total Cost Avg. Cost P/L EXAMPLE 100 100…

  • Planet Fitness (PLNT) DCF Analysis

    Introduction: PLNT, a franchise gym, proudly upholds the motto “Judgment Free Zone” across all its locations. Designed with the intention of welcoming individuals who may feel intimidated by traditional gym environments, PLNT remains steadfast in its commitment to inclusivity. This commitment extends to their gym layout, which deliberately excludes standard equipment like the bench press…

  • r/Stocks Daily Discussion & Technicals Tuesday – Apr 30, 2024

    This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme. Some helpful day to day links, including news: Finviz for charts, fundamentals, and aggregated news on individual stocks Bloomberg market news StreetInsider…

  • FT: Apple targets Google staff to build secret artificial intelligence team

    Financial Times analysis of hundreds of LinkedIn profiles as well as public job postings and research papers reveals that Apple has poached dozens of staff from Google in recent years to expand its global AI and Machine Learning team. The iPhone maker has attracted at least 36 specialists from its rival since it hired John…

  • NVent NVT best earnings stock play

    nVent $NVT : provides electrical connection and protection solutions. Mostly electrical components, but also has market share in diversified areas ex) solutions for liquid cooling. Mid-to high-single digit growth achievable for the foreseeable future in the electrical products and systems provider sub-sectors. nVent remains attractively positioned across a number of secular drivers. RBC Capital Q1…

  • HSBC beats expectations in first quarter earnings; CEO Noel Quinn to retire

    HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief Executive Officer Noel Quinn. Revenue came in at $20.8 billion, up 3% from the same period a year ago and compared with the median LSEG forecast for about $16.94 billion. Pretax profit in the January…

  • Stock tax question

    So my Company was Recently Acquired by a major corporation and we HAVE no option but to cash out our stock with the option to buy into the new company’s stock with the payout … Does anyone know what the tax penalty in Nj is? I Never purchased any stock personally, but the company I…