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The Spirituality Behind Bitcoin

The Spirituality Behind Bitcoin.....»»

Category: blogSource: ZEROHEDGE2 hr. 52 min. ago Related News

Wait Until All These New Homebuyers See Their Property Taxes Go Up Next Year

Wait Until All These New Homebuyers See Their Property Taxes Go Up Next Year To add another chapter to the "our economy is a ponzi scheme bubble that is bound to eventually burst" argument, those who went out and overpaid for property this year may wind up with a hangover in the form up skyrocketing property taxes. We all know that higher real estate prices (hereinafter referred to as "a real estate bubble") are often praised by government and Fed officials as signs of progress for the economy. They're great news for those who already own property and terrible news for those looking to enter the market for the first time. But buyers in 2021 may face even more buyers remorse, on top of overpaying for property: they may soon find out that property taxes are going to increase, an article from The Motley Fool astutely noted this summer.  This once again makes an already-expensive house an additional burden by levying more costs in the form of taxes. Property taxes are determined by the assessed value of a home and multiplying it by your local municipality's tax rate.  Assessments can obviously rise in price as homes do, driving taxes higher.  Homeowners in 2021 are already starting to see these effects, the Fool article writes. An average property tax bill for a single family home went up from $3,561 to $3,719 in 2020, the report noted. Property taxes rose $323 billion, or 5.4%, in 2020, the report notes. It's not unreasonable to assume these taxes will continue to rise at this alarming clip for 2021, as the real estate market continued its "recovery" this year. While homeowners can appeal property tax assessments, the process "isn't easy".  "It's for this reason that homeowners are advised not to max out their budgets when purchasing property," the Fool article hilariously ends by saying. Perhaps someone can inform them that tapping out all lines of credit and maxing out one's budget is the American way...   Tyler Durden Wed, 10/27/2021 - 19:10.....»»

Category: blogSource: ZEROHEDGE2 hr. 52 min. ago Related News

Top 5 most profitable startups around the globe

Startups offer a fantastic opportunity to make profits when there isn’t strong competition. Moreover, the people who came up with the idea could achieve it with the help of powerful and wealthy individuals. Every day, new innovations and products come out around the globe, however, the startups that have the most success, have secured their […] Startups offer a fantastic opportunity to make profits when there isn’t strong competition. Moreover, the people who came up with the idea could achieve it with the help of powerful and wealthy individuals. Every day, new innovations and products come out around the globe, however, the startups that have the most success, have secured their place in the business world. We have decided to show you the top 5 most well-known and profitable startups across the world. 1. Lemonads Lemonads aids marketers in increasing their effectiveness and increasing their revenue with their cutting-edge solutions and technology. The lemonads group is an important player in the monetization process of digital viewers along with affiliate marketing. We support companies across the world in their digital expansion. Lemonads mission is to assist advertisers and publishers maximize their online performance by offering them an array of top-quality services that are all accessible through a simple and efficient self-service platform. We are here to help! We listen to you and design the most efficient solutions available in the market to support you throughout the world of business. With more than 10 years of experience across the globe, we have created an ever-growing and dynamic business, with hardworking employees motivated by values we stand behind and stand up for. 2. Handy The company is involved in an innovative “cloud” software developed to oversee a large group. With the aid of software developed by Zenefits HR department leaders are able to maintain an electronic record of the hiring process, salaries, wages, insurance, and so on. Furthermore, it gives access to these records from any location on earth. Zenefits was established by entrepreneur Parker Conrad in 2013. Within a single year, Zenefits transformed itself into an expanding business that is estimated to be worth $650 million. The investors of the company comprise Andreessen Horowitz and other industry-leading Silicon Valley venture capital funds. Zenefits is now serving more than 2000 corporate customers. 3. AdRoll AdRoll is among the most innovative marketing initiatives of the last few years. The company is currently working on mobile retargeting which is an application for tracking and studying consumer behavior on various devices and platforms from a marketing point of view. For 2014 the business received investments of $70 million. Its shareholders include major venture capitalists, such as the popular Accel Partners. 4. Lyft On April 14, 2014, Lyft has successfully attracted investments of $225 million. The online taxi service has an increase in its growth rate than its main rival Uber. The company began operations in San Francisco in 2013 and within a short time expanded its operations to over thirty US states. Naturally, this brought it to being noticed by some reputable investors. Alibaba, Third Point, Horowitz, and Founders Fund – the list of Lyft shareholders is impressive. The company intends to expand into the global market. 5. The Honest Company In 2011 Hollywood model Jessica Alba decided to create her own company to handle the creation of eco-friendly cosmetics and products for kids’ hygiene. Since then the company has been very popular with its target consumers – the young moms. Jessica Alba plays a very crucial part in the marketing strategy and is the main face of the brand. She frequently uses her products and makes time to engage with clients. The Honest Company has invested more than $120 million. In addition, The company is well-known by the people of Silicon Valley: it is supported by funds from Iconiq Capital, Lightspeed Venture Partners, and others. Updated on Oct 27, 2021, 5:43 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK3 hr. 8 min. ago Related News

Recap: Coeur Mining Q3 Earnings

Coeur Mining (NYSE:CDE) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:30 PM. Here's what investors need to know about the announcement. read more.....»»

Category: blogSource: BENZINGA3 hr. 20 min. ago Related News

Recap: Meritage Homes Q3 Earnings

Meritage Homes (NYSE:MTH) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:00 PM. Here's what investors need to know about the announcement. read more.....»»

Category: blogSource: BENZINGA3 hr. 20 min. ago Related News

Recap: Northeast Bank Q1 Earnings

Northeast Bank (NASDAQ:NBN) reported its Q1 earnings results on Wednesday, October 27, 2021 at 04:00 PM. Here's what investors need to know about the announcement. read more.....»»

Category: blogSource: BENZINGA3 hr. 20 min. ago Related News

Annaly Capital Management: Q3 Earnings Insights

Annaly Capital Management (NYSE:NLY) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:15 PM. Here's what investors need to know about the announcement. read more.....»»

Category: blogSource: BENZINGA3 hr. 20 min. ago Related News

Recap: Sunnova Energy Intl Q3 Earnings

Sunnova Energy Intl (NYSE:NOVA) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:00 PM. Here's what investors need to know about the announcement. read more.....»»

Category: blogSource: BENZINGA3 hr. 20 min. ago Related News

Recap: Origin Bancorp Q3 Earnings

Origin Bancorp (NASDAQ:OBNK) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:30 PM. Here's what investors need to know about the announcement. read more.....»»

Category: blogSource: BENZINGA3 hr. 20 min. ago Related News

Aflac: Q3 Earnings Insights

Aflac (NYSE:AFL) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:05 PM. Here's what investors need to know about the announcement. read more.....»»

Category: blogSource: BENZINGA3 hr. 20 min. ago Related News

Biomarin Pharmaceutical: Q3 Earnings Insights

Biomarin Pharmaceutical (NASDAQ:BMRN) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:05 PM. Here's what investors need to know about the announcement. read more.....»»

Category: blogSource: BENZINGA3 hr. 20 min. ago Related News

Recap: Raymond James Financial Q4 Earnings

Raymond James Financial (NYSE:RJF) reported its Q4 earnings results on Wednesday, October 27, 2021 at 04:00 PM. Here's what investors need to know about the announcement. read more.....»»

Category: blogSource: BENZINGA3 hr. 20 min. ago Related News

Is General Electric"s Stock Overvalued Or Undervalued?

General Electric Company (NYSE: GE) shares have traded mostly in-line with the S&P 500 in 2021, generating a year-to-date total return of 24.6%. read more.....»»

Category: blogSource: BENZINGA3 hr. 20 min. ago Related News

US Coal Stockpiles Slump To Two Decade Low As Power Plant Demand Surges 

US Coal Stockpiles Slump To Two Decade Low As Power Plant Demand Surges  One of the biggest ironies this year is the transition from fossil fuel generation to green energy has created a global energy crisis that is forcing the U.S., among many other countries, to restart coal-fired power plants ahead of the Northern Hemisphere winter. Coal is roaring back this fall but supplies are not catching up with demand.  According to Bloomberg, US coal supplies dropped to 84.3 million tons in August, the lowest level since 1997.  As of August, about a quarter of all US power generation was derived from coal. As winter approaches, coal-fired power plants will become a more significant percentage of all U.S. power generation.  Power plants are expected to burn 19% more coal this year because soaring natural gas prices have made it uneconomical to produce power. In return, this is forcing generators to burn through coal reserves much quicker and has caught coal producers off guard who cannot bring new coal to the market.  "The ability for the producers to respond is not what the utilities thought it was," Paul Lang, CEO at Arch Resources Inc., said during a conference call Tuesday. "It just doesn't exist anymore." Weeks ago, Ernie Thrasher, CEO of Xcoal Energy & Resources, the largest U.S. exporter of fuel, said demand for coal will remain robust well into 2022. He warned about domestic supply constraints and power companies already "discussing possible grid blackouts this winter."  He said, "They don't see where the fuel is coming from to meet demand," adding that 23% of utilities are switching away from gas to burn more coal. There are not enough coal miners to rapidly increase mining output.  Joe Craft, CEO for Oklahoma-based miner Alliance Resource Partners L.P., warned Monday, "coal stocks for customers are at critically low levels."  Inventory declines came on very quickly as the global energy crisis emerged this year. Stockpile trends were well in line for the first half of the year, but stockpiles began to drop as soon as July rolled around.  S&P Global Market Intelligence data shows Central Appalachia coal prices have surged 39% since the start of the year to $75.50 a ton due to supply constraints.  Matt Preston, director of North American coal markets research for Wood Mackenzie Ltd., said total U.S. inventories could slump by 50 million tons by the end of the year: "Stockpiles are coming down very rapidly," Preston said. "If we have a cold winter, and there has been lots of talk that there could be a cold winter, we could see some issues." With natgas, coal, and oil prices all soaring is a clear signal the green energy transition will take decades, not years. Walking back fossil fuels for unreliable clean energy has been a disaster in Asia and Europe. It could soon cause trouble in the U.S. These power-hungry continents are scrambling to source fossil fuel supplies as stockpiles are well below seasonal trends ahead of cooler weather.  Suppose La Niña conditions produce cooler weather trends in certain parts of the world. In that case, especially, Asia, Europe, and the U.S., coal demand could continue to increase, which would benefit Peabody Energy Corporation's share price.  So far, Peabody's earnings have tripled as coal roars back under a Biden administration.  Tyler Durden Wed, 10/27/2021 - 18:30.....»»

Category: blogSource: ZEROHEDGE3 hr. 36 min. ago Related News

NASA Facing Massive $2.7 Billion Cost Overruns At Its Facilities

NASA Facing Massive $2.7 Billion Cost Overruns At Its Facilities Authored by Adam Andrzejewski via RealClearPolicy.com, The space race between private companies continues with actor William Shatner flying to the edge of space on Blue Origin’s New Shepard 4 vehicle and  SpaceX recently sending a civilian crew to space. While the competition between Blue Origin and SpaceX heats up, NASA is taking a back seat as it faces billions of dollars in project overruns. While the National Aeronautics and Space Administration manages $40 billion in facility assets, more than 75 percent of it is beyond its design life and NASA faces a deferred maintenance backlog of $2.7 billion as of 2020, according to a recent report on cost overruns from NASA Office of Inspector General. The IG reviewed 20 construction projects and found that six had “significant cost overruns” and 16 took or will take longer to complete than initially planned. It looked at six projects at Glenn Research Center, Kennedy Space Center and Langley Research Center “that were significantly over budget as of June 2021.” Cost increases ranged from $2.2 million for upgrades at Glenn to $36.6 million for repairs and modifications at Kennedy, the report found. The increased costs for two of the projects were attributed to changing requirements, while contract prices for four others were either higher than originally estimated or resulted from disagreements between NASA and the contractor, the IG report found. NASA didn’t provide effective oversight to determine whether the projects met cost, schedule and performance goals, the report found. A second NASA IG report estimated that delays from the Covid-19 pandemic cost nearly $3 billion. Pandemic delays aside, NASA’s cost overruns can’t be accepted as the norm when private industry is passing up our taxpayer-funded space program almost daily. *  *  * The #WasteOfTheDay is presented by the forensic auditors at OpenTheBooks.com. Tyler Durden Wed, 10/27/2021 - 18:10.....»»

Category: blogSource: ZEROHEDGE3 hr. 52 min. ago Related News

Democrats Nix Paid Leave In Latest Cut To Social Spending Package

Democrats Nix Paid Leave In Latest Cut To Social Spending Package.....»»

Category: blogSource: ZEROHEDGE4 hr. 8 min. ago Related News

Taiwan Is A "Number One Issue" For The CIA’s New China Center

Taiwan Is A 'Number One Issue' For The CIA’s New China Center Authored by Dave DeCamp via AntiWar.com,  Now that the CIA has established a new mission that will exclusively focus on China, CIA Deputy Director David Cohen said that Taiwan will be one of the "number-one issues" for the new spy center. "There’s a series of number-one issues with China," Cohen said at an intelligence conference on Sunday. "Taiwan is definitely one of the number one issues with China we are focused on." Cohen’s comments came after President Biden said the US has a "commitment" to defend Taiwan in the event of a Chinese invasion. Although US officials were quick to clarify that Biden’s statement was not a change in policy, hawks in Congress are ready to give the president war powers to fight China over Taiwan. Biden’s comments came against the backdrop of media hysteria over Chinese flights in Taiwan’s air defense identification zone (ADIZ). The ADIZ concept is not covered by any international laws or treaties, and the Chinese warplanes usually enter the southwest corner of the ADIZ, nowhere near the island of Taiwan. But some Western media outlets falsely portrayed these flights as violations of Taiwan’s airspace. The hype over the ADIZ flights has filled Western media with articles predicting an imminent Chinese invasion of Taiwan. Cohen said that the CIA’s job is to find out how Chinese President Xi Jinping is "thinking about Taiwan" and to provide policy makers in Washington with "indicators" of a potential invasion. When announcing the new spy center, CIA Director William Burns called China the "most important geopolitical threat" facing the US. In response to the announcement, China’s ambassador to the US said Washington should drop its "James Bond" theatrics and work towards better relations with Beijing. Tyler Durden Wed, 10/27/2021 - 17:30.....»»

Category: blogSource: ZEROHEDGE4 hr. 8 min. ago Related News

China Urges US To Immediately Lift Sanctions On Taliban As "Economic Chaos" Looms

China Urges US To Immediately Lift Sanctions On Taliban As "Economic Chaos" Looms.....»»

Category: blogSource: ZEROHEDGE4 hr. 8 min. ago Related News

Last Week Marked A Huge Milestone For Crypto

After years in the making, it finally happened… Q3 2021 hedge fund letters, conferences and more ProShares Bitcoin Strategy ETF Debuts On October 15, the Securities and Exchange Commission (SEC) approved the first-ever bitcoin ETF. On October 19, the ProShares Bitcoin Strategy ETF (BITO) debuted on the New York Stock Exchange. This is a big, big milestone. […] After years in the making, it finally happened… if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more ProShares Bitcoin Strategy ETF Debuts On October 15, the Securities and Exchange Commission (SEC) approved the first-ever bitcoin ETF. On October 19, the ProShares Bitcoin Strategy ETF (BITO) debuted on the New York Stock Exchange. This is a big, big milestone. In short, this new ETF makes it easier than ever to access bitcoin (BTC)—through the stock market. It’s an opportunity for millions of investors who want exposure to bitcoin without having to open a dedicated crypto account. Owning BITO isn’t quite the same as owning bitcoin directly. But it’s close. And it’s a lot better than the current options… Until now, the closest thing to a bitcoin ETF was the extremely popular Greyscale Bitcoin Trust (GBTC). GBTC only loosely tracked the actual price of bitcoin—and often diverged from it by 20% or more. BITO should track the price of bitcoin much more closely. Now that the SEC has greenlit it as a crypto ETF, GBTC has announced it intends to convert to an ETF as well. This is a great step forward for the growth of the crypto market… I’m glad bitcoin has brought so much attention to cryptos. But make no mistake. Bitcoin is just the tip of the iceberg in this opportunity. What's going on underneath the surface is far more important. And ultimately, it will be more profitable... Investing In The World’s Most Disruptive Young Tech Companies In short: A whole new “stock market” is forming in crypto… Cryptos are a place where everyday investors with as little as $10 can invest in the world’s most disruptive young tech companies. This has never existed before. It’s an exciting new frontier for investors. And it’s the main reason why the popular narrative on cryptos is completely wrong… Most folks think of cryptos as “currencies” that compete with the US dollar. They think people might someday keep their savings accounts in bitcoin, and pay for everyday things with bitcoin. This is the least exciting aspect of cryptos. The cryptos I’m most interested in represent true ownership stakes in real, disruptive, cash-generating businesses. As I explained earlier this month, the technology behind bitcoin and all other cryptos is called “blockchain.” Blockchain has essentially transformed what computers can do. I won’t bore you with the technical details. All you need to know is that today’s newest and most innovative companies are being built on the blockchain. I’m talking real companies… making real money… using the blockchain to disrupt some of today’s most exciting industries. You can invest in these companies by buying crypto “tokens” in them. Which is just like buying shares in a company that trades on the stock market. Think of a token like equity or shares in the business. Cutting-Edge Business Ideas Today, many of the most exciting, cutting-edge business ideas are happening on the blockchain: not in the stock market. When asked about bitcoin late last year, legendary trader Paul Tudor Jones said the crypto was like “investing in a startup tech company.” That’s important because all sorts of rules and barriers typically stop everyday investors from accessing early-stage opportunities. For example, you have to be “accredited” to invest in most private companies. And you often need to invest a minimum of $50,000 or $100,000. So the average guy is locked out. Cryptos knock down those barriers. Unlike the stock market, cryptos aren’t dominated by Wall Street. And you can buy tokens in many crypto startups for $10. Sometimes less. For example, consider the startup called Helium. This company sells hotspot routers you can install on your roof. Their signal reaches about 200X further than a standard Wi-Fi connection. You can then “sell” internet to nearby folks through this Helium router. For doing that, you get rewarded with Helium tokens which you can exchange for real US dollars. Helium’s making real money selling these routers today. But Helium’s not listed on the stock market. You must buy its token, HNT, to participate in its rapid growth. Helium’s token has appreciated over 2,500% in the last year. A question I often get is: “Can I buy Coinbase (COIN) stock to profit off the growth of crypto?” Coinbase is the largest crypto brokerage in the US. It’s opening up this “new world” of cryptos to millions of people… in an easy-to-use app. The short answer is “yes”—owning Coinbase is an easy way to profit off the growth of crypto. But you should know what you’re buying in Coinbase. You ARE buying a very large company that should do well as crypto continues to grow. You’re NOT buying an early-stage crypto project that could return 100–1. You have to buy the specific early-stage tokens for that. The Great Disruptors: 3 Breakthrough Stocks Set to Double Your Money" Get my latest report where I reveal my three favorite stocks that will hand you 100% gains as they disrupt whole industries. Get your free copy here. Article By Stephen McBride, Editor - Disruption Investor Updated on Oct 27, 2021, 4:41 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK4 hr. 36 min. ago Related News

The Difference Between Facebook And Its Stock

Whitney Tilson’s email to investors discussing Facebook, Inc. (NASDAQ:FB)’s earnings; the difference between a company and its stock; what are the odds that Build Back Better passes and at what scale? Q3 2021 hedge fund letters, conferences and more Facebook’s Earnings 1) Facebook (FB) reported earnings after the close yesterday… By any objective metric, it […] Whitney Tilson’s email to investors discussing Facebook, Inc. (NASDAQ:FB)’s earnings; the difference between a company and its stock; what are the odds that Build Back Better passes and at what scale? if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Facebook's Earnings 1) Facebook (FB) reported earnings after the close yesterday... By any objective metric, it was a very impressive quarter: Daily and monthly active users rose 6%, revenue jumped 35%, operating margin was an amazing 36%, and operating income grew 30%. Such numbers are almost unheard of for a company of this size, which is why I continue to believe that Facebook and Alphabet Inc (NASDAQ:GOOGL) are the two greatest businesses of all time. The Difference Between A Company And Its Stock 2) In light of my many e-mails criticizing Facebook in recent weeks, some readers might think that I was bearish on the stock – but that would be incorrect. It's possible to be very critical of a company but still think it's a great business and that the stock is undervalued – which is exactly what my colleagues Berna Barshay, Enrique Abeyta, and I say about Facebook. Specifically, in my October 8 e-mail, I included this excerpt from Berna's Empire Financial Daily: With superior growth and phenomenal margins versus other stocks in the market, it's hard for me to imagine Facebook not trading at a premium multiple to the S&P 500 Index, which is currently priced at about 20 times 2022 earnings. I think Facebook deserves a price-to-earnings (P/E) ratio of at least 25, maybe even 30. I don't think the "E" ["environmental" in environmental, social, and governance investing] is at risk based on yesterday's testimony... so at 25 times $16, you have FB shares at $400 – up roughly 20% from the current quote. And at 30 times, you get FB shares at $480... That's up nearly 45% from here. That upside justifies holding your nose and buying FB shares. They are a great risk-reward here. I added this about Enrique's view: Enrique thinks it's a good trading opportunity and recommended it in his Empire Elite Trader service, which you can subscribe to here – it's only $69 per month, and you can try it risk-free for 30 days. And, finally, I concluded with my own opinion: I'm happy to continue having Facebook's stock as a core holding in our flagship newsletters, Empire Stock Investor and Empire Investment Report... Enrique and Berna are a lot smarter than I am... so listen to them! In summary, to be a successful investor, it's critical to set your emotions aside and distinguish between companies and their stocks. What Are The Odds That Build Back Better Passes And At What Scale? 3) Here's another example of how important it is to set your emotions aside when making investment decisions. The Biden administration has proposed a $3.5 trillion reconciliation bill called The Build Back Better Agenda. Not surprisingly, in these polarized times, it's highly controversial. With every Republican vowing to oppose it, it means that Democrats can't afford to lose a single vote in the U.S. Senate. If this bill passes, there will likely be meaningful implications for the stock market overall – perhaps a short-term boost due to even more fiscal stimulus, but also possibly a long-term negative impact because of higher taxes and debt levels. And the legislation will undoubtedly affect certain sectors, such as pharmaceuticals and energy. Many investors would like to know how likely the bill is to pass and, if so, at what scale? Many folks would have trouble accurately answering these questions because their political beliefs would interfere (i.e., Democrats would guess high; Republicans would guess low). To help me think about this, I turned to a New Zealand-based prediction and betting site, PredictIt, which allows people to bet real money (up to $850 per bet) on political and economic outcomes. Here's what the market currently looks like for The Build Back Better Agenda (you can check the latest numbers here): According to the rules of this market, there's about a 21% chance that Democrats fail to pass the bill or that it's smaller than $1.5 trillion... So, this market is saying that there is roughly a 79% chance that Sen. Joe Manchin of West Virginia and Sen. Kyrsten Sinema of Arizona will end up voting with their Democratic colleagues, and The Build Back Better Agenda passes. But it's likely to be in the $1.5 to $2 trillion range, roughly half what the Biden administration proposed. Those odds sound about right to me – which is one of the reasons why I remain constructive on the market in the near term. The 2021 Stansberry Conference & Alliance Meeting 4) Speaking of which, this was the first slide I presented yesterday at the 2021 Stansberry Conference & Alliance Meeting in Las Vegas: Overall, We Remain Constructive The market is near an all-time high despite many warning flags: inflation, supply chain disruptions, silly bubbles in certain meme stocks like GameStop (GME), AMC Entertainment (AMC), and Digital World Acquisition (DWAC), political polarization, chaos in Washington, etc. We still think this market has room to run, however, because its drivers are still intact: the mother of all economic booms, low interest rates, unprecedented monetary and fiscal stimulus, and plenty of "animal spirits" among investors. The biggest lesson I wish I'd known over the past two decades: When you're in a bull market, you have to ride it until it's crystal clear that a major shock is underway. In other words: Don't batten down the hatches when it's sunny because there might be a storm someday; instead, wait until the skies are dark and the lightning is crackling. 5) I then went on to present my thesis that the future of education is digital. It's a sector that's close to my heart. My parents are both teachers who met and married in the Peace Corps. My first job out of college was helping start Teach for America. I co-founded a political advocacy group that pushes for education reform, and I've been on the board of KIPP charter schools in New York City for the past two decades. So I know what I'm talking about when I say that the American education system is broken – as evidenced by the $1.7 trillion in outstanding student loans held by around 45 million Americans (the average student debt is around $38,000). What's more, student debt will likely surpass $2 trillion in the next year as tuition hikes continue to outpace inflation... up from already stratospheric levels of $27,000 per year at public institutions and $55,000 annually at private institutions. To address these out-of-control costs, I recommended three stocks that I believe are best-positioned to benefit – all of which are recent recommendations in Empire Investment Report (you can learn more and subscribe to it here). I can't reveal the names, as those are for our subscribers, but here's an overview... Textbooks are a small portion of the massive cost of higher education... but it's showing the way to how education can be digitized. And one college textbook company is at the forefront of digital distribution, which is a lot cheaper – for everyone – than buying bulky textbooks at the college bookstore. The stock I discussed generates margins in its digital distribution business that are twice that of its old-school way of selling textbooks. Best of all, the company is only in the early stages of rolling out its model. Last year, the company's digital distribution was just a dozen schools covering 43,000 students... but this year, it's twice as many schools, serving seven times as many students. Even now, it's accessing just 5% of the more than six million college students that represent the company's total potential customer base. I think the stock is "incredibly cheap" from a valuation perspective... and think that it "definitely has multibagger potential." The second company I pitched is one of the leaders in online learning. Its platform is used by more than 150 colleges and universities, which offer video lectures, course certificates, and, increasingly, degrees. But the biggest growth area, where revenue jumped 69% last quarter, is the enterprise segment, selling to businesses, which are using this platform to train their current and future employees. Online learning is now enabling anyone, anywhere in the world, to access an education that can lead to a wide range of jobs. I think the stock could more than double in the next two years. Lastly, I talked about a textbook rental company that's developed a "Netflix-like (NFLX) subscription model," helping students understand the content in the textbooks. Over the past five years, the company has beaten Wall Street analysts' revenue expectations every single quarter. I expect it to continue, leading to a 72% share price gain in the next two years. Best regards, Whitney Tilson Updated on Oct 27, 2021, 5:00 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

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