Stock Market/Investing/Day Trading/Speculative Trading Thread

[God is a Husker]

"Fuck that, Europe sucks." -- my wife who was born in London and still has dual citizenship

 

[Jim14510]

"Fuck that, Europe sucks." -- my wife who was born in London and still has dual citizenship

U.S. is the 30 yo insurance agent busting his ass and spending a bunch of money on marketing building his client base making more and more money each year. Europe is the 55 yo that spends less and less on marketing and more and more time at the lake house living off trails.

 

[Faux Sean Callahan]

Looks like big retail’s week to set expectations for the upcoming holiday season. Here’s where the “supply chain” breakdowns may toss a wet blanket on things. 🤞

My portfolio is pretty heavy in retail and nvda... 🤞🏻

 

[Faux Sean Callahan]

U.S. is the 30 yo insurance agent busting his ass and spending a bunch of money on marketing building his client base making more and more money each year. Europe is the 55 yo that spends less and less on marketing and more and more time at the lake house living off trails.

I'm here

 

[Jim14510]

I'm here

So is @Elizabeth Reed for the other side of the equation.

 

[Faux Sean Callahan]

So is @Elizabeth Reed for the other side of the equation.

Basically

 

[BBTown Bomber]

I think some radical ideas get put in just for bargaining chips to take out later.

For example taking out the step up in basis

So fucking true about the step-up. That was never going to be part of the finished product.

Fuck these amateurs…….😠

.

It's actually a decrease of after tax income not tax increase. That's factoring in job loss and decreased wages.

Net result to most of us doesn’t change does it??

.

 

[BBTown Bomber]

*im too drunk for this thread

🍺🍷🍹


.

 

[BBTown Bomber]

So is @Elizabeth Reed for the other side of the equation.

🤣🤣🤣🖕🖕🖕



Don’t have a lake house and I’m still working, you fuckwads……😂.

Increased my AUM since Covid showed up (approximately Feb. 2020) by almost double. Going to work every single day.

(Well, except for a 41 day trip to New England, 10 days at the farm at thanksgiving and a month to Scottsdale in Feb). 😍😘🥰

@Faux Sean Callahan ……..I need to give you a tour of @Jim14510 ‘s driveway. It’s a dandy drinking spot. Just a half a block west of 24th & Lake…….😱

.

 

[Jim14510]

Net result to most of us doesn’t change does it??

Ask me again when its finalized.

 

[God is a Husker]

 

[LoudHogRider]

Crypto gonna soar, if true.

 

[God is a Husker]

just read through this thread, most Liberals and media in 2021 would not understand these are jokes

 

[Jim14510]

Fuck her. She better not get approved.

 

[Jim14510]

Crypto gonna soar, if true.

She wants to do away with crypto too.

 

[LoudHogRider]

She wants to do away with crypto too.

I wonder if America is truly A-OK with the inmates running the asylum, because it does feel like I'm taking crazy pills these days.

A side thought: I wonder how many impressionable young minds Comrade Omarova has indoctrinated during her tenure at Cornell. We REALLY need to get control of our "higher education" institutions as they're passing liberal on their way to socialism and communist doctrines as a matter of policy.

 

[Faux Sean Callahan]

 

[Faux Sean Callahan]

What do you guys think about Target?

Q3 same-store sales up 12.7%

* Adj. profit $3.03/shr vs. est. $2.83/shr

* Gross margins down about 260 bps

* Raises holiday quarter sales forecast

* Shares down about 5% (Adds details from conference call, quotes from CFO, analyst; updates shares)

By Aishwarya Venugopal

Nov 17 (Reuters) - Target Corp on Wednesday raised its sales forecast for the holiday season, boosted by early Christmas shopping by Americans, even as the retailer warned of higher costs, fueling concerns that its margins could come under more pressure.

Like Walmart, Target also reported a drop in gross margins for the third quarter, as it incurred higher transportation and labor costs in order to keep its shelves stocked for the make-or-break holiday season.

Target shares, which have risen about 50% this year, fell about 5% to $253.63.

Big retailers are pulling out all the stops for the busiest time of the year, including chartering container ships and ordering products well ahead of time.

Target said its inventory levels were up more than $2 billion from a year earlier ahead of the holiday rush, as it also prioritized product categories important for the holidays.

"(We) took specific actions to ensure we have a healthy inventory position ... even though those actions involve some incremental cost," Chief Financial Officer Michael Fiddelke said, adding that some of those cost pressures were temporary.

Target has also been increasing benefits for it employees in a tight labor market, while maintaining lower prices at a time when inflation is at record levels, adding to costs.

"Gross margin pressure highlights the risk to Target and peers from global supply chain ... That risk appears likely to linger through holiday and into early 2022 if not beyond," Evercore's Greg Melich said.

Still, comparable sales soared 12.7% in the quarter ended Oct. 30, with almost all of that growth coming from stores. Store traffic also jumped nearly 13%.

Target also raised its expectations for holiday quarter same-store sales to a range of high single to low double digits.

"We stand ready for an exceptionally strong holiday season," CEO Brian Cornell said. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Anil D'Silva)

 

[Jim14510]

What do you guys think about Target?

Q3 same-store sales up 12.7%

* Adj. profit $3.03/shr vs. est. $2.83/shr

* Gross margins down about 260 bps

* Raises holiday quarter sales forecast

* Shares down about 5% (Adds details from conference call, quotes from CFO, analyst; updates shares)

By Aishwarya Venugopal

Nov 17 (Reuters) - Target Corp on Wednesday raised its sales forecast for the holiday season, boosted by early Christmas shopping by Americans, even as the retailer warned of higher costs, fueling concerns that its margins could come under more pressure.

Like Walmart, Target also reported a drop in gross margins for the third quarter, as it incurred higher transportation and labor costs in order to keep its shelves stocked for the make-or-break holiday season.

Target shares, which have risen about 50% this year, fell about 5% to $253.63.

Big retailers are pulling out all the stops for the busiest time of the year, including chartering container ships and ordering products well ahead of time.

Target said its inventory levels were up more than $2 billion from a year earlier ahead of the holiday rush, as it also prioritized product categories important for the holidays.

"(We) took specific actions to ensure we have a healthy inventory position ... even though those actions involve some incremental cost," Chief Financial Officer Michael Fiddelke said, adding that some of those cost pressures were temporary.

Target has also been increasing benefits for it employees in a tight labor market, while maintaining lower prices at a time when inflation is at record levels, adding to costs.

"Gross margin pressure highlights the risk to Target and peers from global supply chain ... That risk appears likely to linger through holiday and into early 2022 if not beyond," Evercore's Greg Melich said.

Still, comparable sales soared 12.7% in the quarter ended Oct. 30, with almost all of that growth coming from stores. Store traffic also jumped nearly 13%.

Target also raised its expectations for holiday quarter same-store sales to a range of high single to low double digits.

"We stand ready for an exceptionally strong holiday season," CEO Brian Cornell said. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Anil D'Silva)

How much of the increase in sales is due to inflation? Gross margins down would imply all of it. Would get the majority of the reason bottom line is down is because of increased wages.

4th quarter results for retailers will be interesting. Sales would be through the roof if supply chain issues resolved. That doesn't seem likely so how much/when are they resolved?

 

[Savedatmoney]

How much of the increase in sales is due to inflation? Gross margins down would imply all of it. Would get the majority of the reason bottom line is down is because of increased wages.

4th quarter results for retailers will be interesting. Sales would be through the roof if supply chain issues resolved. That doesn't seem likely so how much/when are they resolved?

Inflation is good for all Targets private label….they also did a ton of remodels to their stores.