Too many meme stocks. Firepowe

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Mesonoxian
2021-06-10

Too many meme stocks. Firepower too diluted

Bank of America is not going to play the meme stock game, downgrades Clover Health

Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h

Bank of America is not going to play the meme stock game, downgrades Clover Health

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Tothestars
·2021-06-10
Ok okok ok
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Tothestars
·2021-06-10
Ya lor
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  2021-06-10
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Firepower too diluted","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/183694412","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":37,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4667106,"gmtCreate":1623328720843,"gmtModify":1663228370532,"authorId":3582064176289101,"author":{"id":3582064176289101,"authorId":3582064176289101,"name":"Tothestars","avatar":"https://static.tigerbbs.com/cd834243c50034fe5fa673b215e1bdb3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183694412,"type":1,"supId":0,"prevId":0,"content":"Ok okok ok","text":"Ok okok ok","html":"Ok okok ok","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":4667008,"gmtCreate":1623328330336,"gmtModify":1663228366850,"authorId":3582064176289101,"author":{"id":3582064176289101,"authorId":3582064176289101,"name":"Tothestars","avatar":"https://static.tigerbbs.com/cd834243c50034fe5fa673b215e1bdb3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183694412,"type":1,"supId":0,"prevId":0,"content":"Ya lor","text":"Ya lor","html":"Ya lor","likeSize":1,"commentSize":1,"subComments":[{"id":4667084,"gmtCreate":1623328655792,"gmtModify":1663228367042,"authorId":3584415246670106,"author":{"id":3584415246670106,"authorId":3584415246670106,"name":"Oldie","avatar":"https://static.tigerbbs.com/09a7a0c9fe9b5b416d6f049746ddfa29","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183694412,"type":1,"supId":4667008,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}