A Weekly Update on Special Situations
Dexcom $DXCM denied previous reporting that it was in active takeover talks with Insulet $PODD.

Kohl’s $KSS reportedly received bids from Sycamore Partners and Franchise Group $FRG. Reports that negotiations could drag on for weeks amid challenging macro backdrop. [Kohl's now in exclusive discussions with Franchise Group).

Afya $AFYA 40% shareholder Bertelsmann SE disclosed in 13D that it plans to purchase $129mm additional shares.

Overstock $OSTK investor Simcoe Capital disclosed a 6% stake in 13D filing.

Tabula Rasa HealthCare $TRHC investor Indaba Capital disclosed a 20% stake and intention to engage with management in 13D filing.

WisdomTree $WETF entered into a cooperation agreement with Lion Point and ETFS Capital.

XPO Logistics $XPO filed a Form 10 registration statement for the planned spin-off of its brokered transportation platform.

Frontier $ULCC added reverse termination fee to Spirit Airways $SAVE deal.

Qualcomm $QCOM reportedly interested in acquiring a stake in Softbank’s Arm.
Alberto Wallis's avatar
$8.3m follower assets
Fincredible MacroTalk: Remote Work
Remote work is likely here to stay. Employees are demanding it and, in the midst of the great resignation, many companies are seeing the necessity to offer remote or hybrid work arrangements to attract and retain talent. The latest Fincredible MacroTalk offers several quotes from company earnings calls on the benefits and challenges of remote work.

Talent attraction and retention is one of THE biggest benefits of remote work for many companies:

  • $OSTK "The ability to offer remote work has improved our attraction and retention efforts, both of which are important during the nationwide great resignation. Our workforce continues to be engaged and productive working from home.”
  • $DBX "Virtual First has been really positive for us. I mean, last year, we saw a 126% increase in offer accepts. That's nearly double the number -- and then also nearly double the number of candidates for op enroll and even an uptick in what we call boomerang candidates, like folks that might leave the company and then come back within a year. So we're finding that from a hiring perspective, it's really resonating and unlocking new pools of talent. And I think more broadly, what you're seeing is that employees once they have the flexibility or when companies like ours offer this flexibility, they then -- employees demand it."

And companies like $UPST have shown that you can run a successful business remotely:


Not all jobs can be performed remotely at the moment, but over time, the trend is clear: more employees will migrate to remote or hybrid work.

If you'd like to read the whole post for free, here's the link:

Quotes from from $UPWK $IT $OSTK $FVRR $DBX $ZIP $UPST $PANW
Trading Journal 23rd Feb 2022
Situational awareness:

#futures are green but I am bearish overall. Maybe we get a rally. Will be focusing on #SIPs mainly to the short side.
Pre Market Work:
$MELI, $PANW and $MNDY stand out as the best #SIP plays. Fade the gap up and press the gap down is the plan. $LOW also looks a potential 10ema tap and red type play. Especially with #HD dropping so much yesterday. $SEAS looks a good long setup #Swing

Trading day:

Tried to short $OSTK, Some of the others dropped too quickly for me to have any sort of Risk. In hindsight $OSTK was too strong, possibly should be avoiding these when it wasn’t from night before. I got in twice. Not awful ideas and risk but probably too much size for such a high beta stock. Shorted $CWH after. Worked but again size too high and too keen to get going. Short $MES now working well but not happy with the day. Not great performance, I think I need to really parse the faster moving stocks. I am not good at trading things like $OSTK. Had a nice trade in $MA. That is more my style. Stick to it.

Also hiding the P&L was double edged today. Will see on that one long term. Started using chart based limits and stops on IBKR it is very good. Will continue to use this for visuals.

$MES trade going well and good movement of stops and limits. Final runner now to $4260.

Took another $MES trade, the setup was there but in hindsight I should only be looking at futures level to level. I was in no man’s land.

End of day Thoughts:

Poor day in terms of profit, some mistakes in the morning but nothing terrible. Need to make sure I am more settled with my decision making at open if I am to day trade gap ups. Pushed $OSTK and ultimately that tainted the day regardless of work after.

Market breaking to new lows. Let’s see what happens tomorrow. Reset, refresh. Good trading.

Notes & Open Trades:
N/A
Upcoming Earnings Calendar (Feb 21th - 25th)
Hey guys! Here's the upcoming earnings calendar! Several very interesting reports coming up. Here's what I'll be looking forward to.

  • $MELI - How much did inflation impact their logistics margins?
  • $SQ - Cash App Users and Revenue Growth
  • $COIN - I think they will deliver a monster quarter. Crypto volatility should incentivize trading, driving commissions revenue above forecast.

If you'd like an easier way to track earnings dates, you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

TUE:


WED:


THU:


FRI:
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Big Week Ahead! (Oct 25-29 Earnings Calendar)
Next week will probably be the most interesting week for the stock market this quarter. The largest companies in the world are all reporting and we'll get a lot of very valuable insights.

Here's what I'm interested in:
  • More context on the slowdown in ad spending from $FB $GOOG and $TWTR. Let's see if these companies are experiencing similar issues to the ones $SNAP mentioned yesterday.
  • Comments on the global supply chain issues from $KMB $MMM $GLW $LOGI and others.
  • A general update from $AMD $TDOC $SHOP and$AMZN.
  • Perspectives on the energy market from $XOM $CVX

Comment below what earnings call you're looking forward to!

Remember you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

MON

TUE

WED

THU

FRI
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Eric Pelnik's avatar
$272.8m follower assets
Earnings this week
Which earnings are you most excited about?

Monday, February 22nd
$API Agora
$PANW Palo Alto Networks
$RCL Royal Caribbean Cruises
$ZI ZoomInfo

Tuesday, February 23rd
$VRSK Verisk Analytics
$CROX Crocs
$MCFE Mcafee
$HD Home Depot
$SQ Square
$PUBM PubMatic
$INTU Intuit
$SPT Sprout Social
$UPWK Upwork

Wednesday, February 24th
$BKNG Booking Holdings
$NVDA NVIDIA Corp
$CSPR Casper Sleep
$LOW Lowe's Companies
$ESTC Elastic
$TDOC Teladoc
$OSTK Overstock.com
$PSTG Pure Storage
$NTNX Nutanix
$JMIA Jumia

Thursday, February 25th
$ADT ADT Inc
$PLAN Anaplan
$ABNB Airbnb
$ADSK Autodesk
$BBY Best Buy Co
$BYND Beyond Meat
$NKLA Nikola Corporation
$CVNA Carvana
$KDP Keurig Dr Pepper
$DPZ Domino's Pizza
$ETSY Etsy
$ZS Zscaler
$WDAY Workday
$CRM Salesforce.com
$VMW VMware
$MRNA Moderna
$PLUG Plug Power

Friday, February 26th
$LAMR Lamar Advertising
$DKNG Draftkings

Sources: Business Insider, Google Finance, and Yahoo Finance
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