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avatarVernaFred
2023-03-23

SoFi Partners With Banks to Offer $2 Million FDIC Insurance

$SoFi Technologies Inc.(SOFI)$ now offering access to additional FDIC insurance.With the new SoFi FDIC Insurance Network, SoFi has partnered with multiple banks to offer SoFi Checking and Savings members up to $2 million of FDIC insurance on their deposits, the digital personal finance company said in a Wednesday (March 22)press release.“By offering access to up to $2 million in FDIC insurance, we are making sure our members have peace of mind about their money at SoFi,” SoFi CEOAnthony Notosaid in the release. “We know the last few weeks have been unnerving for many consumers, and we hope this helps.”The SoFi FDIC Insurance Network provides SoFi members with the benefits of multiple accounts — by offering the enhanced insurance beyond the industr
SoFi Partners With Banks to Offer $2 Million FDIC Insurance
avatarVernaFred
2022-07-02

Tencent, Bilibili close smaller apps amid tougher conditions

$TENCENT(00700)$ The decision came just a day after Bilibili, the gaming and video-streaming platform, decided to close its short video app Light Video Vue Vlog, which was fully acquired by Tencent two years ago, said it will cease operations on September 30 China’s short video war: WeChat invests in Channels to take on Douyin and Kuaishou in battle for eyeballs and advertising spend credit: Henry WongVue VlogVue Vlog, a short video app owned by Tencent Holdings, said it will cease operations in September, bowing out of a competitive market in China dominated by bigger players such as Tencent’s in-house short video service, ByteDance’s Douyin and Kuaishou Technology.The decision came just a day after Bilibili, the gaming and video-streaming platform
Tencent, Bilibili close smaller apps amid tougher conditions
avatarVernaFred
2022-08-26
$Vinco Ventures, Inc.(BBIG)$ Vinco Ventures Inc (BBIG) stock is lower by -35.93% over the last 12 months.InvestorsObserver’sproprietary ranking system, gives BBIG stock a score of 0 out of a possible 100.What's Happening with BBIG Stock TodayVinco Ventures Inc (BBIG) stock is down -7.75% while the S&P 500 is lower by -2.03% as of 1:29 PM on Monday, Aug 22. BBIG is lower by -$0.09 from the previous closing price of $1.16 on volume of 13,661,429 shares. Over the past year the S&P 500 is down -7.52% while BBIG is lower by -35.93%. BBIG lost -$15.17 per share in the over the last 12 months.
avatarVernaFred
2022-06-20

Are Alphabet and Tesla No-Brainer Stock-Split Stocks to Buy Right Now?

$Alphabet(GOOG)$ Among mega-cap stocks with market caps of $200 billion or more, only one has a higher share price thanAlphabet(NASDAQ: GOOG)(NASDAQ: GOOGL)andTesla(NASDAQ: TSLA). And investors have a much less expensive alternative to that stock --Berkshire Hathaway's Class A shares -- by purchasing the company's class B shares.But Alphabet and Tesla won't be so highly priced for much longer. Alphabet plans to conduct a 20-for-1 stock split on July 15, 2022. Tesla wants its shareholders toapprove a 3-for-1 stock splitat its annual meeting in August. Are Alphabet and Tesla no-brainer stock-split stocks to buy right now?Running with the bullsTo be sure, stock splits don't offer magic formulas for companies to turbocharge their stock performance. As a
Are Alphabet and Tesla No-Brainer Stock-Split Stocks to Buy Right Now?
avatarVernaFred
2022-08-15

What is PayPal and how does it work

$PayPal(PYPL)$Since Q1 2022, PayPal has been quite frequent in financial news due to issues relating to its stock value and the recent unpromising PayPal stock forecasts. These events make it quite essential to briefly examine the platform and what it does.The name "PayPal" is almost a literal summary of the company's nature and function. In practice, it is indeed a "pal" that assists with payments - digital payments, to be exact. PayPal was founded in 1998, and presently, it exists in practically every country that supports online payment. At the time of its establishment, the company's name was Confinity. After a series of mergers and structural changes, the company's name was changed to PayPal in 2001, and it eventually went public the following y
What is PayPal and how does it work
avatarVernaFred
2022-06-29

Wealth Enhancement Advisory Services LLC Buys 2,406 Shares of NVIDIA Co.

$NVIDIA Corp(NVDA)$Wealth Enhancement Advisory Services LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA–Get Rating) by 5.3% in the 1st quarter,HoldingsChannel.comreports. The fund owned 48,117 shares of the computer hardware maker’s stock after acquiring an additional 2,406 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in NVIDIA were worth $13,159,000 as of its most recent SEC filing.Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of NVIDIA during the 4th quarter worth about $6,279,217,000. BlackRock Inc. lifted its position in shares of NVIDIA by 2.1% during the 4th quarter. BlackRock Inc. now owns 177,
Wealth Enhancement Advisory Services LLC Buys 2,406 Shares of NVIDIA Co.
avatarVernaFred
2023-03-10
Short numbers just released.  Lucid's short position grew from 130.0 milll to 132.9 mill shs.  The high short position was 167.3 mill shares on 12/30/22.  We're not at the high but at least we're higher than previous reporting date.  Hopefully, the insiders will cut back on selling shares, Lucid comes out with good news and we can have a short squeeze$Lucid Group Inc(LCID)$
avatarVernaFred
2023-03-14
SVB issue like many other regional banks lending to technology sector are bad risk management and risky lending. The key word is "Silicon Valley" which is basically startups and ventures. Being left out of regulation for large banks such banks focused on lending to tech sector unicorns are under supervised risk institutions. Tech startups loans are high risk assets. The leverage and capital ratios should be the highest for such institutions even compared to large banks that run diversified lending programs. The ultimate problem for SVB was too much long duration and therefore risky loans to speculative technology against steady shorter term government securities and housing assets. With banking culture of excessive risk taking in uncertain and speculative assets with higher potential retur
avatarVernaFred
2022-07-20
$Faraday Future Intelligent Electric Inc.(FFIE)$  Faraday Future Intelligent Electric Inc (FFIE) stock is trading at $5.62, a drop of $1.08, or 15.94%, on average volume. Faraday Future Intelligent Elect gets a Sentiment Score of Neutral fromInvestorsObserverand receives an average analyst recommendation of Strong Buy with a price target of $10.00.
avatarVernaFred
2022-07-11

Li Auto:Sell or buy?

$Li Auto(LI)$Li Auto Inc (LI) is lower by 4.11% Monday In Premarket TradingLi Auto Inc (LI) is down Monday morning, with the stock losing -4.11% in pre-market trading to 37.3. LI's short-term technical score of 98 indicates that the stock has traded more bullishly over the last month than 98% of stocks on the market. In the Auto Manufacturers industry, which ranks 106 out of 146 industries, Li Auto Inc ranks higher than 100% of stocks. Li Auto Inc has risen 29.97% over the past month, closing at $29.05 on June 13. During this period of time, the stock fell as low as $29.05 and as high as $41.49. LI has an average analyst recommendation of Strong Buy. The company has an average price target of $43.72.LI has an Overall Score of 67. Find o
Li Auto:Sell or buy?
avatarVernaFred
2022-06-22

Alibaba sales for 618 shopping festival rise with growing appetite for camping, fishing goods

$Alibaba(BABA)$ Alibaba reported positive sales growth for the shopping festival, with camping, fishing and skateboarding as stand-out categories JD.com also reported positive but slowing sales growth for the festival this year as Covid-19 restrictions weigh on consumer confidenceSales of camping, fishing and skateboarding products jumped on Tmall during the 618 shopping festival this year, Alibaba said, but Covid-19 restrictions have hit e-commerce growth overall. Photo: Shutterstock Alibaba sales for 618 shopping festival rise with growing appetite for camping, fishing goodsAlibaba Group Holdingreported positive year-on-year gross merchandise volume growth for the midyear 618 shopping festival, with fishing and camping goods gaining popularity amon
Alibaba sales for 618 shopping festival rise with growing appetite for camping, fishing goods
avatarVernaFred
2023-03-09

SoundHound Stock Drops After Earnings as AI Stocks Hit an Air Pocket

$SoundHound AI Inc(SOUN)$ shares are taking a hit after the voice-based artificial intelligence company posted first-quarter financial results that topped Street estimates, but provided guidance that may not have been quite as impressive as bulls on the stock would have liked.SoundHound shares have been on a wild journey. Founded in 2005 by a group of former Stanford graduate students led by current CEO Keyvan Mohajer, SoundHound didn’t reach the public market until an April 2022 merger with a special purpose acquisition company called Archimedes Tech SPAC Partners. Like other companies that have gone public that way, the deal priced the company at about $10 a share.source:barrons
SoundHound Stock Drops After Earnings as AI Stocks Hit an Air Pocket
avatarVernaFred
2022-09-05

Further weakness as Affirm Holdings drops 19% this week, taking one-year losses to 76%

$Affirm Holdings, Inc.(AFRM)$It's not a secret that every investor will make bad investments, from time to time. But serious investors should think long and hard about avoiding extreme losses. It must have been painful to be aAffirm Holdings, Inc.(NASDAQ:AFRM) shareholder over the last year, since the stock price plummeted 76% in that time. A loss like this is a stark reminder that portfolio diversification is important. Because Affirm Holdings hasn't been listed for many years, the market is still learning about how the business performs. The last week also saw the share price slip down another 19%. Importantly, this could be a market reaction to the recently released financial results. You can check out the latest numbers inour company report.If th
Further weakness as Affirm Holdings drops 19% this week, taking one-year losses to 76%
avatarVernaFred
2023-03-22
U.S. authorities are set to explore ways to bolster financial stability, along with steps to tackle the problems facing First Republic Bank (NYSE:FRC), as central banks consider whether recent banking sector turmoil has reduced the need for interest rate rises.smart enough, today is a reversal of the price upwardsthe deal is close...soon 40 USD is real.$First Republic Bank(FRC)$
avatarVernaFred
2023-02-27

How to make the right investment? Compare $CING vs. $OBSV

Stock price -- (CING: $1.56 vs.OBSV: $0.08)Brand notoriety:CINGandOBSVare bothnot notableBoth companies represent theBiotechnologyindustryCurrent volume relative to the 65-day Moving Average:CING:4137% vs.OBSV:1978%Market capitalization --CING: $17.64Mvs.OBSV: $8.63MLong-Term AnalysisIt is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be un
How to make the right investment? Compare $CING vs. $OBSV
avatarVernaFred
2022-05-27

Block Inc: Correcting for Negative Earnings

$Block(SQ)$ Block, Inc. (SQ), is perhaps one of the most well-known companies in the fintech and blockchain space. Its presence was popularized by its owner and former Twitter CEO Jack Dorsey, but it is at present failing to live up to some investors’ expectations. Block’s share price has been severely discounted while still trading at a high premium. The stock is trading 70% below its recent highs and is currently down 52.48% YTD. Additionally, the stock is also severely underperforming theMarketBeatconsensus price target, which suggests it is not meeting analysts’ expectations. Block’s Q1 FY2022 Earnings For the most recent quarter, Block finished its acquisition of Australian fintech company Afterpay, which was one of the company’s m
Block Inc: Correcting for Negative Earnings
avatarVernaFred
2022-06-30
$GameStop(GME)$  The meteoric rise ofGameStop(NYSE: GME)stock since late 2020 has drawn its share of detractors. The latest critic is the U.S. House of Representatives, whose Financial Services Committee believes regulators need to tighten rules on so-called "meme stock trading".It remains unclear if or how much this attention will affect the retail stock. However, GameStop continues to face more pressing challenges that have little to do with Congress or the meme stocks it seeks to target.
avatarVernaFred
2022-07-25

Singapore shares rose last week

$GENTING SINGAPORE LIMITED(G13.SI)$Gainers outnumbered losers 64 to 33, or about 2 securities up for every 1 down, after 60 million securities worth S$45.8 million changed hands.PHOTO: YEN MENG JIIN, BTSINGAPORE sharesSINGAPORE shares were pulled into positive territory on Friday (Jul 22) after the US and Europe markets closed higher on Thursday, amid rosy corporate results and the European Central Bank’s (ECB)surprise half-point interest rate hike.On the Singapore bourse, the Straits Times Index rose 0.5 per cent or 16.46 points to 3,168.76 as at 9.02 am. Gainers outnumbered losers 64 to 33, or about 2 securities up for every 1 down, after 60 million securities worth S$45.8 million changed hands.One of the most active cou
Singapore shares rose last week
avatarVernaFred
2022-06-21
$Alphabet(GOOG)$  Alphabet's Google and YouTube are as dominant in their respective markets as you could want in an investment. Monthly active users on YouTube have more than doubled over the past three years, and Google commands 92% of the search engine market. With so many people relying on Google's various apps every day, Alphabet ge
avatarVernaFred
2022-06-12
$Pinduoduo Inc.(PDD)$  The National Press and Public Administration of China had issued licenses to 60 games. This indicates that the Chinese government is starting to loosen up on the Internet sector. And this was the first time that China had granted new gaming licenses since April 2022. China had halted issuing new gaming licenses as part of an effort to put new time limits on how long minors spend playing games online last year. Several other China-based Internet companies also saw stock price increases as a result of this news as well.

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