1.11 - 9.95
Join Discuss about ROOT with like-minded investors
Maaria Bajwa: 'People Like to Root Against the Winners.' https://www.coindesk.com/business/2022/04/25/maaria-bajwa-people-like-to-root-against-the-winners/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
105 Replies 11 👍 12 🔥
By Stella Qiu and Kevin Yao BEIJING (Reuters) -China said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year, releasing about 530 billion yuan ($83.25 billion) in long-term liquidity to cushion a sharp slowdown in economic growth. The People's Bank of China (PBOC) said on its website it would cut the reserve requirement ratio (RRR) for all banks by 25 basis points (bps), effective from April 25, but analysts said it might not yet be enough to reverse the slowdown. Heightened global risks from the war in Ukraine and within China widespread COVID-19 lockdowns and a weak property market have triggered convulsions in the world's second-largest economy that are quickly spilling over into global supply chains. China's exports, the last major driver of growth, are also showing signs of fatigue, and some economists say the risks of a recession are rising. "I don’t think this RRR cut matters that much for the economy at this stage," said Zhiwei Zhang, chief economist at Pinpoint Asset Management, noting it was less than markets had expected. "The main challenge the economy faces is the Omicron outbreaks and the lockdown policies that restrict mobility. More liquidity may help on the margin, but it doesn’t address the root of the problem," he said. The PBOC said the latest RRR cut would boost the long-term funds for banks, enabling them to step up support for industries and firms affected by COVID-19 outbreaks, and lower costs for banks. It will cut financial institutions' annual funding costs by about 6.5 billion yuan. The PBOC will also continue to keep liquidity broadly stable, while closely watching inflationary trends and policy changes made by developed countries, it said. For city commercial banks that do not have cross-provincial business and rural commercial banks that have an RRR of more than 5%, they are entitled to an additional cut of 25 bps. The weighted average RRR for financial institutions will be lowered to 8.1% after the cut, the central bank said. Ting Lu, chief China economist at Nomura, expects another 25bp RRR cut before the year-end, most likely before mid-2022, before cutting RRR for some big banks that still have relatively high reserve ratios. "We expect the PBOC to focus on increasing its direct credit support to small- and medium-sized enterprises, the agricultural sector, green investment, tech and elderly care via the MLF (medium-term lending facility), relending and rediscounting channels," Lu said. HEADWINDS The cut, which follows a broad-based reduction in December, had been widely expected after China's cabinet said on Wednesday that monetary policy tools should be used in a timely way to bolster growth. The PBOC has also started cutting interest rates, while local governments have expedited infrastructure spending and the finance ministry has pledged more tax cuts. China's economy rebounded strongly from a pandemic-induced slump in 2020 but cooled over the course of 2021 due to persistent property market weakness and strict measures to contain COVID-19 flare-ups, which hurt consumption. The government's determination to halt the latest spread of record COVID-19 cases has clogged highways and ports, stranded workers and shut countless factories - disruptions that are ripping through global supply chains for goods ranging from electric vehicles to iPhones. China's imports unexpectedly fell in March as the restrictions hampered freight arrivals and weakened domestic demand, while export growth also slowed. Factory and services sector activity both contracted. The government is targeting economic growth of around 5.5% this year as headwinds build, but some analysts say that may now be hard to achieve without more aggressive stimulus measures. With other major central banks such as the U.S. Federal Reserve set to aggressively raise interest rates or already doing so, more forceful easing in China could spur potentially destabilising capital outflows as investors shift money to higher yielding assets. Earlier on Friday, the PBOC kept the rate on its medium-term lending facility unchanged for a third straight month, as expected.
94 Replies 14 👍 10 🔥
By Marc Jones LONDON (Reuters) - European stocks fell heavily again on Friday as worries about a sudden halt to central bank stimulus and rising tensions between Western powers and Moscow drove one of the worst ever starts to a year for world stock markets. Strong earnings from Apple provided some encouragement for battered tech and U.S. markets [.N], but traders were struggling to draw a line under a global selloff that has now firmly taken root. The pan-European STOXX 600 tumbled nearly 1.5%, on course for its fourth straight weekly drop, (EU) while volatile U.S. futures prices indicated traders weren't exactly sure which way Wall Street will go when it opens shortly. [.N]. MSCI's 50-country main world index is now down 8.1% for the month, slicing roughly $7 trillion from its value and putting it on the brink of its worst January since the 2008 global financial crisis year. The dollar, meanwhile, is on track for its best week in seven months on bets that U.S. interest rates could now go up as many as five times this year. [/FRX] "With the Federal Reserve sounding a lot more hawkish, it has shaken the markets," said Jeremy Gatto, a multi-asset portfolio manager at Unigestion in Switzerland. "Markets can live with rate hikes, but the main question remains around the balance sheet," he added. Markets have been driven up by all the stimulus pumped in during the COVID-19 crisis, "so if it starts reducing liquidity, that changes the game". GRAPHIC - World stocks suffer January plunge " onerror="this.style.display='none'" class="msg-img" /> The Fed indicated this week that it is likely to raise rates in March, as widely expected, and reaffirmed plans to end its pandemic-era bond purchases that month before launching a significant reduction in its asset holdings. The prospect of faster or larger U.S. interest rate hikes, and possible stimulus withdrawal, lifted the dollar to a 20-month high of $1.1119 per euro and to 115.50 yen - close to a high of year so far of 116.35 yen. [/FRX] In the big government bond markets that drive global borrowing costs, benchmark 10-year U.S. Treasury yields dipped to 1.82% from 1.84% earlier as the Fed's favored inflation gauge, the core personal consumption expenditure (PCE) price index, rose no more than had been expected. In the 12 months through December, the PCE price index increased 5.8%. That was the largest advance since 1982 and followed a 5.7% year-on-year increase in November. The two-year yield, which is even more sensitive to rate hike expectations, was last at 1.20%, having started the year at roughly 0.75%. European bond yields also rose further. Germany's 10-year yield, the benchmark for the euro zone, was up 4 bps to -0.0008% as it threatened to break through the key zero threshold. [GVD/EUR] Focus was also on Italy, where bond yields there were also up as its parliament struggled to elect a new president. GRAPHIC - Global bond yields are rising " onerror="this.style.display='none'" class="msg-img" /> OIL PRESSURE U.S. stock futures recovered from an earlier dip to be broadly flat after the inflation data and as Apple shares (NASDAQ:AAPL), which have slumped nearly 10% this month, jumped 3.5% in premarket trading after posting record sales for its flagship phones. Apple is the world's largest company by market value but it and other tech shares have been hit particularly hard in the current selloff as the prospect of global rate rises give those who were already worried about stratospheric valuations the perfect reason to sell. In the commodity markets, oil prices remained strong and set for their sixth weekly gain amid concerns about tight supplies as major producers continue to limited output despite rising demand. Brent crude futures climbed 1.9%, to $91 a barrel - its highest level since October 2014. A sixth week of gains will also mark the longest weekly winning streak for Brent since October last year, when prices climbed for seven weeks while U.S. WTI prices gained for nine. This year, prices have risen about 15% amid geopolitical tensions between Russia, the world's second-largest oil producer and a key natural gas provider to Europe, and the West over Ukraine, as well as threats to the United Arab Emirates from Yemen's Houthi movement that have raised concerns about energy supply. "Where Brent crosses the $90 level, we see some selling from a sense of accomplishment, but investors start buying again when the prices fall a little as they remain cautious about possible supply disruptions due to rising geopolitical tensions," said Tatsufumi Okoshi, senior economist at Nomura Securities. "The market expects supply will stay tight as the OPEC+ is seen to keep the existing policy of gradual increase in production," he said. The market is focusing on a Feb. 2 meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+. It is likely to stick with a planned rise in its oil output target for March, several sources in the group told Reuters. GRAPHIC - Apple sours, oil on the boil " onerror="this.style.display='none'" class="msg-img" />
80 Replies 10 👍 8 🔥
**@jasonzweigwsj:** On Wall Street, achievement is the square root of ego. https://twitter.com/jasonzweigwsj/status/1469064573969911822
144 Replies 15 👍 7 🔥
look like ROOT tried squeeze last week and fail
106 Replies 14 👍 10 🔥
like root beer in a shot glass
81 Replies 10 👍 7 🔥
ROOT 30% short
85 Replies 13 👍 14 🔥
freaking sq root gainz\
96 Replies 8 👍 6 🔥
I dont know who to root for
98 Replies 6 👍 6 🔥
By Alun John, Samuel Shen and Tom Wilson SHANGHAI (Reuters) -China's most powerful regulators on Friday intensified the country's crackdown on cryptocurrency with a blanket ban on all crypto transactions and crypto mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks. Ten agencies, including the central bank as well as banking, securities and foreign exchange regulators, vowed to work together to root out "illegal" cryptocurrency activity, the first time the Beijing-based agencies have joined forces to explicitly ban all cryptocurrency-related activity. "China has been known to go to extremes with either very assertive statements and prosecutions to complete radio silence," said George Zarya, CEO of Bequant crypto exchange in London. "This time the point was made very clear that China will not support cryptocurrency market development as it goes against its policies of tightening up control over capital flow and big tech," he said. The People's Bank of China (PBOC) said cryptocurrencies must not circulate as traditional currencies and that overseas exchanges are barred from providing services to mainland investors via the internet, cutting the likes of Coinbase (NASDAQ:COIN) and Binance off from the world's second-largest economy. The PBOC also barred financial institutions, payment companies and internet firms from facilitating cryptocurrency trading nationally. The Chinese government will "resolutely clamp down on virtual currency speculation, and related financial activities and misbehavior in order to safeguard people's properties and maintain economic, financial and social order", the PBOC said in a statement. Bitcoin, the world's largest cryptocurrency, dropped over 6% to $42,2167 on the news, having earlier been down about 1%. Smaller coins, which typically rise and fall in tandem with bitcoin, also tumbled. Ether fell 10% while XRP dropped a similar amount. Friday's statement come after China's State Council, or cabinet, vowed https://www.reuters.com/technology/chinese-financial-payment-bodies-barred-cryptocurrency-business-2021-05-18 in May to crack down on bitcoin mining and trading as part of a broader effort to mitigate financial system risks, without going into details https://www.reuters.com/world/china/what-beijings-new-crackdown-means-crypto-china-2021-05-19. That threat sparked a major sell-off in cryptocurrencies. At that time more junior government bodies and provincial governments framed some specific cryptocurrency rules. Friday's statement, however, is the most detailed yet from the country's most powerful regulators, underscoring Beijing's commitment to suffocating the Chinese crypto market. It has dashed hopes among many in the industry that the May crackdown would be short-lived and the pressure would ease after the 100th anniversary of the Chinese Communist Party in July. "There's a degree of panic in the air," said Joseph Edwards, head of research at cryptocurrency broker Enigma Securities in London. The move also hit cryptocurrency and blockchain-related shares. U.S.-listed miners Riot Blockchain (NASDAQ:RIOT), Marathon Digital and Bit Digital slipped between 6.3% and 7.5% in premarket trading. China-focused SOS dropped 6.1% while San Francisco crypto exchange Coinbase Global fell 3.4%. "THOROUGH CLEANUP" The National Development and Reform Commission (NDRC) said it was launching a thorough, nationwide cleanup of cryptocurrency mining. Such activities contribute little to China's economic growth, spawn risks, consume a huge amount of energy and hamper carbon neutrality goals, it said. It's an "imperative" to wipe out cryptocurrency mining, a task key to promoting high-quality growth of China's economy, the NDRC said in a notice to local governments. Virtual currency mining had been a big business in China before a crackdown that started earlier this year, accounting for more than half of the world's crypto supply. The NDRC said it will work closely with other government agencies to make sure financial support and electricity supply will be cut off for mining. The national planning body also urged local governments to come up with a specific timetable and road map to eradicate such activities. Previous restrictions, issued by local governments, paralyzed the industry as miners dumped machines in despair or sought refuge in places such as Texas or Kazakhstan.
55 Replies 10 👍 9 🔥
IU Watchlist Sept 23: Main Watches: $ATER same as prior days still thinking major squeeze potential but we don't know yet if that was today into close tomorrow's gap and that's that or if we are gonna go crazy and circuit halt etc. I would LOVE to see a gap fade fade fade into 7-8AM make shorts all super comfy and then do the BBIG trap move into circuits. The same thing I've said every morning - there is GREAT short trades here look left and MAKE SURE you are covering into flushes into/above key levels. It's respecting the levels VERY well - very clean trader IF you are trading it. If you are hanging around looking for more like we've talked about guess what - so is everyone else. Your edge is being one step ahead otherwise AVOID. $CEI had a video AHs (ie: CEO drawing on a white board) lol but as you know the army thinks it's amazing. Anyway - in my opinion shorts probably felt most confident today finally chart break etc perhaps felt comfortable holding it over etc finally breaking swing it and then bang big shove AHs. I don't think shorts are bent though - just back towards where they short. So, some will cover some won't but I'd LOVE $1.70 + shove but prolly unlikely higher better and I'd love to re put on the trade for the fade again. Been really nice from the trade plan since that $1.8x's exhaustion day (the first day). $LCID ideally flush off open and looking to get long for a rebound. Nice thoughts today for a weak day. Higher better for back side otherwise gap down flush and looking for rebound. This may change. Remember I have an idea - have a thesis - have a bias for now but if it's wrong the only thing WRONG is forcing your bias. So I won't force it unless proven right. $QS 945-10AM + trend join $PLTR thinking another trade soon no bias but good trader good range. Failed Follow Through: $MRIN down AHs but higher better and more unwind into 7s $WIMI higher better and more fails is ideal. $NNVC nice quiet fader today looking to do same today. Nothing huge just letting it work while trading others. $EDSA morning shove vs. today's highs. $AEMD higher better $5-5.20 + and fade off. Continuation: $ARQQ very small left - pretty nuts from $19-20s so far - minimal minimal left about 10% position. Just kept a few in case goes another $10 bucks - my gut is thinking gap/fail/fade tomorrow. $SOFI joined today high up there on /WSB $ROOT started in for continuation if it fails will move on. $HOOD watch weak open for r/g $EEIQ nice swing trade I had sold out into the last big shove (1/2) and then bailed on rest two days ago clearing out the port of the ones that weren't hanging onto trend but re bought today. Watch to see if buyer stays in tape next few days. $AEHR still have the core swing from $6 - hit new highs today I never got a chance to re scale unfortunately as planned. $VTSI no position eye on it.
135 Replies 15 👍 15 🔥
ROOT has had a root canal beter to go for the march c I would think for tax loss
120 Replies 6 👍 12 🔥
IU Watchlist: Main Watches: $LIFE nice late Oppenheimer upgrade fueled it AHs again after shorts likely got pretty comfortable. Pretty decent trap - they can def raise but it was super ETB and cheap to borrow where it wasn't so very possible 4-7AM walk up and hopefully they hold off any raise before I get back 🙂 Higher better is ideal. $ISEE weak open still think we could have a push out $15-17 or something wild by Wednesday if not and fails to get over and hold $15 tomorrow I'd be looking to join the trend back down. $AMC reactive trade - had a good read on it today on entries and covers the only thing I did wrong was hold part of it which made it more work than it was worth. $CEI higher better and ideally nail it again like today. Nice trade plan. Failed Follow Through: $OCGN $8.50 + is ideal then failed follow through I'd love to trade. Nice trader today. $SDC had a nice long with the swipe today joined that - got a good piece but super heavily promoted on Twitter - much like ROOT so when it stops going up just remember lots of retail will be on wrong side. Would fade failed follow through. $BBIG higher better for failed follow through is ideal. Nice one today. $FUBO watching all pops vs 945-10AM weakness / VWAP
70 Replies 13 👍 14 🔥
@dros I am new to options, whats the big deal, if any, with the ROOT calls you put up earlier today?
109 Replies 10 👍 13 🔥
there goes ROOT to 6.3
85 Replies 10 👍 13 🔥
that's the thing, there's no good way of discerning the answer because of the root of the marked underperformance recently is the threat of regulation/government action
70 Replies 6 👍 12 🔥
@DarkPoolAlgo #Dark Pool Charts
Wednesday, August 11, 2021 Futures Up/Down % Last Dow 32.00 0.09% 35,187 S&P 500 -2.25 0.06% 4,427 Nasdaq -32.00 0.21% 15,012 U.S. stocks are looking mixed ahead of key economic data today, coming a day after the Dow Jones Industrial Average and the benchmark S&P 500 each rose to record highs, buoyed by gains in economically sensitive value stocks such as materials, industrials, and building products after the Senate passed a $1 trillion infrastructure plan today with 19 Republicans joining all 50 Democrats voting to approve the bill that includes $550B in new funding, and it will now move to the House. Early this morning the Senate Democrats passed the $3.5 trillion budget framework, opening a path for President Joe Biden’s economic agenda. However, tech weakness dragged down the Nasdaq Composite led by large cap names on Tuesday, with more weakness early. Crude posted its biggest intraday gain in more than two weeks, while the U.S. dollar climbed to a three-week high and Treasury yields hit their highest levels since mid-July (1.34%). Meanwhile, Cleveland Fed President Loretta Mester said supply disruptions are raising prices, but it’s unclear whether they will lead to continuous gains in inflation. Those headlines come ahead of today’s consumer price index (CPI) which is expected to show a 4.3% year-over-year core print, 5.3% year-over-year “core” overall. Treasury yields continue to edge higher ahead of today’s CPI reading, with the 10-year up about 3 bps to 1.37%, meanwhile the U.S. dollar overs around 3-week highs. In Asian markets, The Nikkei Index jumped 182 points (0.65%) to settle at 28,070, the Shanghai Index was up slightly at 3,532 and the Hang Seng Index gained 54 points to 26,660. In Europe, the German DAX is up slightly at 15,785, while the FTSE 100 rises around 35 points to 7,200. Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 8:30 AM ET Consumer Price Index (CPI) MoM for July…est. 0.5% 8:30 AM ET CPI Ex: Food & Energy (core) MoM for July…est. 0.4% 8:30 AM ET Consumer Price Index (CPI) YoY for July…est. 5.3% 8:30 AM ET CPI Ex: Food & Energy (core) YoY for July…est. 4.3% 10:30 AM ET Weekly DOE Inventory Data 1:00 PM ET U.S. to sell $41 bln in 10-year notes 2:00 PM ET Federal Budget for July Earnings Calendar: Earnings Before the Open: ALT, BLI, CERE, EVGO, FTCI, HAE, $HYLN, OPTN, RADI, RPRX, TELA, TH, WEN Earnings After the Close: ADMA, AMWL, AOSL, ARRY, AVT, AZPN, $BLNK, $BMBL, CACI, CCAP, DM, DUOL, $EBAY, EGY, FOSL, GHLD, HIMS, KRMD, MNKD, MSGM, NAVB, OPEN, PTRA, RGLD, $RIDE, ROOT, SONO, $STEM, TCON, TIG, VRM, $XONE Other Key Events: BTIG HIMSS Digital Health Booth Tour (virtual), 8/11-8/12 Canaccord Genuity 41st Annual Growth Conference (virtual), 8/10-8/12 Cowen Annual Communications Infrastructure Hybrid Summit, 8/9-8/12 Cowen 9th Annual Internet & Media Bus Tour (virtual), 8/9-8/13 Credit Suisse 4th Annual FinTech Conference (virtual), 8/11-8/13 Goldman Sachs Power, Utilities, MLP & Pipeline Conference 2021 (virtual) – 8/11 JPMorgan Auto Conference (virtual), 8/11-8/12 KeyBanc Capital Markets Technology Leadership Virtual Forum, 8/9-8/12 Oppenheimer 24th Annual Technology, Internet & Comm Conference (virtual), 8/10-8/12 Piper Biotech Virtual Tour, 8/10-8/12 Susquehanna 2021 Energy, Industrials & Airlines Conference (virtual), 8/10-8/11 UBS Financial Services Conference (virtual), 8/10-8/12 Wells Fargo 6th Annual FinTech & Technology Services Forum (virtual), 8/10-8/11 Market Closing Prices Yesterday The S&P 500 Index gained 4.40 points, or 0.10%, to 4,436.75 The Dow Jones Industrial Average rose 162.82 points, or 0.46%, to 35,264.67 The Nasdaq Composite dropped -72.09 points, or 0.49%, to 14,788.09 The Russell 2000 Index advanced 4.55 points, or 0.20% to 2,239.36 Macro Up/Down Last Nymex -0.59 67.70 Brent -0.55 70.08 Gold 7.30 1,736.25 EUR/USD -0.0009 1.1711 JPY/USD 0.17 110.74 10-Year Note +0.029 1.371% Sector News Breakdown Consumer Darling Ingredients ($DAR) 2Q EPS $1.17 vs est. $0.89 on revs $1.2B vs est. $1.11B Grocery Outlet ($GO) Q2 adj EPS $0.47 vs. est. $0.24; Q2 revs $775.5M, in-line with consensus; Q2 comparable store sales decreased by 10.0% compared to a 16.7% increase in the same period last year; continues to expect to open between 36 and 38 stores in fiscal 2021 with one closure PLBY Group ($PLBY) Q2 revenue $49.9M vs. est. $46.9M; Revenue grew 44% yoy, to $49.9M, driven by growth in both direct-to-consumer and licensing revenues; Direct-to-consumer revenue grew 88% yoy, to $28.0M, and licensing revenue grew 12% yoy, to $15.4M; net loss was $8.9M Poshmark ($POSH) 2Q revs $81.8Mm vs est. $80.3Mm, GMV +25% to $449.6Mm; guides 3Q revs $81-83Mm vs est. $82.4Mm, sees 3Q adj EBITDA $1.0-2.0Mm vs est. $1.4Mm Shift Technologies ($SFT) Q2 EPS ($0.41) vs est. ($0.44) on revs $155M vs est. $129.4M; sees Q3 revenue $155M-$170M vs est. $134.5M, raises FY revs guidance to $575M-$595M from $480M-$520M vs est. $509.2M WW International ($WW) tumbles -25%; Q2 EPS $0.12 vs. est. $0.65; Q2 revs $311.4M vs. est. $337M; guides year revs $1.3B vs. est. $1.38B; sees year EPS $1.10-$1.25 below est. $2.00; revised the estimated cost of its previously disclosed 2021 restructuring plan to approximately $22.0 million in fiscal 2021; Q2 2021 End of Period Digital Subscribers up 6% year-over-year to an all-time Q2-end high Energy, Industrials and Materials CNBC reports that the White House will call on OPEC and its oil-producing allies to boost oil production. Also, Iraq plans to increase oil production to eight million barrels per day ($BPD) by the end of 2027, Iraqi Oil Minister Ihsan Abdul Jabbar told the Iraqi news agency (INA) on Tuesday The American Petroleum Institute ($API) said that crude inventories fell 816,000 barrels last week, gasoline inventories fell 1.11M barrels, ahead of EIA weekly data later this morning Chesapeake Energy Corp ($CHK) raised its adjusted core income and production guidance for the full year after beating Q2 consensus estimates; also initiated a variable return program to deliver 50% of free cash flow to shareholders on a quarterly basis, payable in the 2022 first quarter; raised its total annual production forecast to 415,000 barrels of oil equivalent per day (boepd) to 435,000 boepd, from previous its range of 410,000 boepd to 420,00 boepd HyreCar ($HYRE) 2Q adj EPS ($0.36) vs est. ($0.12) on revs $9.1Mm vs est. $8.9Mm, new drivers to the platform +49% N5 Global ($NVEE) 2Q adj EPS $1.34 vs est. $1.00 on revs $$179.5Mm vs est. $174.1Mm; guides FY gr revs $705-727Mm vs est. $699.1Mm, sees FY adj EPS $4.20-4.55 vs est. $4.18 Shoals Technologies Group ($SHLS) Q2 adj EPS $0.09 vs. est. $0.08; Q2 revs $59.7M vs. est. $59.5M; sees full year revenues to be in range of $230M-$240M, up 31% to 37% and sees full year adjusted net income to be in range of $47M-$51M Financials Coinbase ($COIN) trading volume in Q2 was $462B, an increase of 38% compared to Q1, topping the $381.6MM est.; Q2 revs $2.23B vs. est. $1.85B; Q2 adj ebitda $1.15B vs. est. $961.5M; Q2 verified users 68 million vs. est. 63.1 million; qtrly retail monthly transacting users (MTUs) grew to 8.8 million, up 44% from q1 2021; Q2 net income of $1.6 billion, up from $32.3M a year earlier Bottomline Technologies ($EPAY) 4Q core EPS $0.27 vs est. $0.26 on revs $122.1Mm vs est. $122.9Mm, subscription revs +15% to $101Mm BrightSpire Capital ($BRSP)25M share Secondary priced at $9.00 Invesco Ltd. ($IVZ) preliminary month-end assets under management (AUM) of $1,528.4 billion, an increase of 0.2% versus previous month-end. Total net inflows were $3.5 billion. The firm achieved net long-term inflows of $1.7 billion this month. Open Lending Corp. ($LPRO) Q2 EPS $0.60 vs est. $0.17 on revenue $61.1M vs est. $49M, adj EBITDQA $46.1M; facilitated 46,408 certified loans in the quarter, +148% YoY; reaffirmed previous FY guidance for revenue $184M-$206M, certified loans 181k-206k, and adj EBITDA $125M-$168M Riot Blockchain ($RIOT) said in July 2021 produced 444 Bitcoin, an increase of approximately 771% over its July 2020 production of 51 Bitcoin; as of July 31, 2021, riot held approximately 2,687 Bitcoin, all of which were produced by its self-mining operations Truist Financial Corporation ($TFC) said its wholly owned bank subsidiary, Truist Bank, has signed a definitive agreement to acquire Service Finance Company, LLC, a leading national provider of point-of-sale (POS) financing solutions for the home improvement industry, for $2 billion Upstart Holdings ($UPST) 2Q adj EPS $0.62 vs est. $0.25 on revs $194Mm vs est. $157.8Mm; guides 3Q revs $205-215Mm vs est. $161.6Mm; guides FY revs approx $750Mm from $600Mm prior and vs est. $601.5Mm Healthcare BioCryst Pharmaceuticals (BCRX) has withdrawn its public offering of common stock, previously announced on August 9 Health Catalyst (HCAT)245M share Secondary priced at $53.00 Inari Medical (NARI) 2Q EPS $0.08 vs est. $0.08 on revs $63.5Mm vs est. $59.6Mm; guides FY revs $250-255 (prior $240-250Mm) vs est. $247Mm
105 Replies 14 👍 6 🔥
got root? > @bunnytoad69 said: rm -rf /nitto_bot/
115 Replies 11 👍 15 🔥
Next Dividend Date
Root Insurance is the nation’s first licensed insurance carrier powered entirely by mobile. Root was founded on the principle that auto insurance rates should be based primarily on driving behaviors, not demographics. Using mobile technology and data science, Root offers personalized, fair rates to good drivers all through an easy-to-use app. Root is headquartered in Columbus, Ohio, with renters insurance available in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance currently available to drivers in Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and West Virginia.