GBA's "2021 Stock Phantasma"

WHEN THE STOCK MARKET FIGURES OUT THAT BIDEN IS ANTI ANYBODY BUYING ANYBODY STOCKS WILL FALL FASTER.

FTC opens in-depth probe of Amazon's $8.5B purchase of MGM.

--2U upgraded to Outperform from Neutral at Macquarie 08:40 TWOU
 
1847 Goedeker reports June revenue up 47.8% to $55.7M 08:36 GOED 1847 Goedeker is pleased to report continued strong growth with record monthly orders and revenue results. June monthly orders increased 19.2% from the prior year period to $73.2M while June monthly revenues totaled $55.7M, representing a 47.8% increase over the June 2020 results. "We are incredibly pleased with the continued strong momentum during the first half of this year, as June marks a record performance for the organization," stated Doug Moore, CEO of Goedekers. "Throughout the past month, we have experienced a significantly improved fill rate of 76.1%, up from 61.4% in June of 2020, along with record shipments. We are encouraged by the sequential progress we made in revenue achievement versus orders as the fill rate of 76.1% is at its highest level for 2021. Suppliers continue to take steps to improve supply, although our fill rate has a significant opportunity for improvement beyond the 76% achieved in June. Speed of delivery and the customer satisfaction levels for delivery remain at the forefront of our strategic plan." Moore continued, "The first month of being a combined company went well. As we continue to pursue our long-term goals and model of investments driving scalable profitable growth, we believe we are in a great position to continue this momentum through the balance of the year." "Let me also add some detail on this week's acquisition announcement. We entered into an asset purchase agreement with Appliance Gallery, a highly regarded Largo, Florida-based luxury appliance retailer and will be able to pay the cash purchase price that is due at closing for the acquisition out of our positive operating cash flow. There will not be any offering or other financing associated with the transaction,"
 
Yet another dead SPAC... is there something here-?

Berkshire Grey secures over $23M order for grocery picking robots 08:32 RAAC Berkshire Grey secured a $23+ million multi-phase order with a global retailer for online same day grocery fulfillment. The Berkshire Grey Intelligent Enterprise Robotics solutions robotically pick grocery items from inventory and pack the items into customer bags to fill orders that are placed online and via mobile apps. Berkshire Grey's robotic solutions can operate back-of-store, putting the operation close to current shoppers for rapid pickup and delivery, and in larger dedicated fulfillment and distribution centers. Berkshire Grey solutions support order-online-pickup-at-store, order-online-be-delivered-to-by-store, and similar models which are important high growth models in the grocery and convenience segments. On February 24, 2021, Berkshire Grey entered into a definitive agreement with Revolution Acceleration Acquisition Corp that is expected to result in Berkshire Grey becoming a publicly listed company early in the third quarter of 2021, subject to the satisfaction of customary closing conditions, including approval by the stockholders of Revolution Acceleration Acquisition Corp.

WARNING-!
8 stocks represent half of the S&P's gain since May. 8.<-----

As I warned here weeks ago one of my charts flashed a warning signal it was average stocks trading down while just a few went up... Those of you watching the Index will get hurt here.
STOCKS TRADING BENEATH THEIR 100 DAY HAVE GONE UP AS WE HAVE MADE A INDEX HIGH...
 
stonedinvestor said:
Van I like the ABB idea but because they are divesting everything!!!!

ABB plans IPO of EV charging unit next year - Reuters
Jul. 01, 2021 1:23 PM ETABB Ltd (ABB)
More...
Yeah we covered this already Stoney.

The ipo will go right back to the current shareholders and it'll be reflected in a decrease of ABB class A's price, offset with the addition of some fractional ownership of the new ipo shares. So it'll be a wash out of the gate, but the bet will be on the ipo'd stock taking off from there.
It's a good move.

The rest of their divestiture is less than 17% of existing revenues, so not quite "divesting everything".
As I pointed out, grid is still a huge part of their operation.

Now, the grid is one thing, but power-plants are another. We need more capacity. It won't be hydro, kills fish. It won't be coal, kills the atmosphere. Natty works, but it still has an atmospheric footprint.
Solar, wind, wave action are all good... but I don't see them providing what we'll need by 2035 when 70% of our vehicles will be electric.

That leaves nuclear. How long does it take to build a nuclear plant? 10 years easy.

So who knows. If we build power-plants then we need to look at the big E&C companies for the granny portfolio. Fluor is a good one for that.

$FLR

Historically its been a dog, but I wonder if its time has finally come.
That's another one that needs to divest things.
Its needs some new blood in management.
I bet it happens.

$FLR at $17 is in the G4G portfolio bull-pen.
 
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--Berkshire Grey reports backlog of $95M as of June 30 08:18 RAAC Berkshire Grey announced continued growth in Intelligent Enterprise Robotic solutions. As of June 30, 2021, Berkshire Grey has: Contracted for approximately 94% of forecasted 2021 revenue. Increased total orders since inception to $148 million, up from $114 million as of December 31, 2020, driven in part by growth in orders in the grocery and parcels verticals. Increased backlog to $95 million, up from $70 million as of December 31, 2020. Previously disclosed revenue guidance of approximately $59 million for 2021 is unchanged.

--American Express price target raised to $200 from $185 at Wells Fargo 07:31 AXP Wells Fargo analyst Donald Fandetti raised the firm's price target on American Express to $200 from $185 and keeps an Overweight rating on the shares ahead of quarterly results. The analyst expects to see earnings beats and positive estimate revisions for most of the card companies in his coverage. The networks are benefiting from reopening spend in the U.S. and slowly improving cross border, while issuers should have hefty reserve releases and slowly improving loan balances, Fandetti contends. He sees the recent market pullback around growth fears, bond yields and Delta variant as an opportunity to build positions as the broader recovery thesis remains intact.
/ / /

I'VE been looking at Fortive as of late it is very cheap. We owned this name in the last theda and it never really took off....

Fortive upgraded to Outperform from Peer Perform at Wolfe Research 07:14 FTV
 
stonedinvestor said:
Current shareholders get how many free shares of IPO?

re: The ipo will go right back to the current shareholders
More...
It'll depend on the pricing for initial underwriting. Hard to tell at this point.
The CEO said its all going back to the shareholders.
Those Swedes... now they know how to run a company and do things on the up and up.
 
BACK BY POPULAR DEMAND-! GBA'S GENRAL STORE OF STOCKS.

This is a Stock Newsletter that contains only stocks you do not know, have never heard of and are being kept from you. It is a free form Interview with GBA's Co-Head Of Investing Stoned Investor. This Interview is being held in rainy Ct where it has rained for ten days straight.

Q: Hello SI we understand you live very close to a stream or brook, how are you holding up?

SI: The water is raging & turbulent and so is the stock market.

Q: Give us The Big View if you would.

<<<THE BIG VIEW>>>

View Inc. smart windows selected for renovation of 100 Pearl Street. Pearl street is not as fish smelly as it used to be that's high end real estate now.

(VIEW) View announced its smart windows will be installed at the new overbuild at 100 Pearl Street, a Class-A office tower in Lower Manhattan currently undergoing a top-to-bottom transformation by GFP Real Estate and Northwind Group. 100 Pearl Street is being renovated into a downtown New York City office asset with all-glass penthouses offering 360-degree views across the East River toward Brooklyn and south over New York Harbor to the Statue of Liberty. The design of the double-height, 24-foot all-glass penthouses are made possible by View Smart Windows.

I've been looking for another DIRTT... & VIEW may be it---

WalkMe initiated with an Overweight at Morgan Stanley (WKME) Morgan Stanley analyst Josh Baer initiated coverage of WalkMe with an Overweight rating and $41 price target. He thinks the value of WalkMe's differentiated capabilities are underappreciated and expects WalkMe will be able to maintain its leading position as its intuitive, guided experiences can optimize users' interactions with software, Baer tells investors. Increasing sales capacity, focusing on partnership and building out a WalkMe ecosystem, moving up-market and expanding internationally can all drive accelerating Annual Recurring Revenue growth for WalkMe, Baer contends.

WalkMe initiated with an Overweight at Wells Fargo (WKME) Wells Fargo analyst Michael Turrin initiated coverage of WalkMe with an Overweight rating and $40 price target. The company is pioneering a new category of software known as the digital adoption platform, Turrin tells investors in a research note. The company saw "impressive" pre-pandemic growth and it poised for a rebound post a shift back into investment mode and a more favorable hybrid work environment to sell into, Turrin tells investors in a research note.

BAD IDEA DEPT.**

Amazon approved to use airwaves for sleep monitoring, Bloomberg reports AMZN

GREEK FREAK WINS! & is upgraded (again)

Outokumpu upgraded to Outperform from Neutral at Oddo BHF 06:17 OUTKY Oddo BHF analyst Alain William upgraded Outokumpu to Outperform from Neutral with a EUR 7 price target.

Just finished Halston on Netflix. It is so so. Gets very depressing. I lived those days!

Coty to introduce digitally-enabled touch-less fragrance testing device 06:14 COTY - That seems smart the job of spraying you when you walk in a department Store... Covid may have killed that job off entirely... AND THIS WAS HOW YOU BOUGHT PERFUME IN THE OLD DAYS.

**Biohaven Pharmaceutical price target raised to $134 from $92 at Mizuho 06:39 BHVN

Electric Last Mile Solutions signs long-term supply agreement with Wuling Motors 07:03 ELMS

Bio Idea*

Verve Therapeutics initiated with a Buy at Guggenheim 07:01 VERV Guggenheim analyst Etzer Darout initiated coverage of Verve Therapeutics with a Buy rating and $84 price target.

Verve Therapeutics initiated with an Outperform at William Blair 07:00 VERV William Blair analyst Raju Prasad initiated coverage of Verve Therapeutics with an Outperform rating and $92 fair value estimate. Verve is developing one-time medicines for the treatment of cardiovascular diseases that have the potential to disrupt the current chronic care model, Prasad tells investors in a research note. The analyst says the company has generated "compelling" preclinical data in nonhuman primates with over 60% whole liver editing resulting in near-complete reductions in serum PCSK9 or ANGPTL3 protein levels and "impressive" lowering of LDL-C and triglycerides.

Q- How bout a yield idea?

TriplePoint Venture initiated with an Overweight at Piper Sandler 06:07 TPVG Piper Sandler analyst Crispin Love initiated coverage of TriplePoint Venture Growth with an Overweight rating and $17 price target. The company's "attractive" technology focused portfolio and record venture capital activity should drive debt demand, its nearly 10% distribution yield and its valuation, Love tells investors in a research note. The analyst believes TriplePoint should trade a premium to business development company peers due to the "strong" venture capital activity, which he says "provides a long runway for venture debt funding."

Q- Alright thank you sir... Any last quickies?

Tutor Perini unit awarded $220M design-build contract 06:05 TPC

NewAge forms manufacturing partnership with TCI Co. 06:04 NBEV

Citi opens '90-day positive Catalyst Watch' on Network International 05:49 NWITY

AST SpaceMobile initiated with an Overweight at Barclays 05:31 ASTS Barclays analyst Mathieu Robilliard initiated coverage of AST SpaceMobile with an Overweight rating and $29 price target The company's "proposition is unique and the addressable market is very significant," with its goal of extending mobile coverage everywhere via satellite, Robilliard tells investors in a research note. This promises to address a growing policy priority for governments: bridging the digital divide, says the analyst. Robilliard says that if the technology works as planned and management executes, he sees a "compelling investment opportunity."

Q- Wow that's about 12 names to research today! Is there any parting comment you want to leave our audience with?

SI- Always close your sunroof in times of heavy rain.
 
Current Gummies-4-Grandma Portfolio
(entry prices)

BERRY $49
LUV $42
SJM $114
SNAP $37
TWLO $255
CGC $18
EBAY $49
CHWY $65
ABB $29
CPNG $49
PLTK $25
ISRG $704

Coupang is coming out at $42.80

Adding FLR at $17.10
 
Description

Network International Holdings plc operates as a digital commerce enabler in the Middle East and Africa. The company provides technology-enabled payment solutions to merchants and financial institutions. It offers merchant solutions comprise direct acquiring services that enable merchants to accept digital payments; acquirer processing services for bank customers on behalf of their merchants; payment acceptance solutions; merchant loyalty programs and management; and value-added services, including customer data analytics, dynamic currency conversion, and payment plans. The company also provides issuer processing services, which include hosting and processing credit, debit, and prepaid cards; fraud solutions; card loyalty schemes and management; and value-added services, including instant card issuance, card control services, and customer data analytics. It delivers its products and services through payment processing platforms, including Network One and Network Lite, as well as N-Genius, an online payment platform. Network International Holdings plc was founded in 1994 and is headquartered in Dubai, the United Arab Emirates.
 
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