Richard Kurt's Posts | Commonstock

$77.5kFollowers

@richardkurt07/26/2023

Snapchat is sad

$SNAP shares plunged after they provided weaker-than-expected guidance despite beating on the top and bottom lines.
The company has faced a slowing advertising market and daily-active-user growth, despite big bets on A.I. technology.
Shares remain up +12.6% year-to-date but are well off their 2021 highs.

Overall sales declined 4% year-over-year, with a slightly-than-expected lower-end total sales forecast for the third quarter.

Snap is regarded by some analysts as a bellwether for digital marketing spend, which has struggled of late but is experiencing a modest recovery.

Richard Kurt

@richardkurt07/26/2023

Evan Spiegel said that the social media industry has become harder to "forecast" in.

My forecast: Mark Zuckerberg is choking out Snapchat because it's the only large social platform he wasn't able to acquire.

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Richard Kurt

$77.5kFollowers

@richardkurt06/14/2023

$NVDA is the #1 most bought stock on the week

But you'll also see Nvidia high on the list of most sold companies (by volume). So the impressive thing is that a lot of people are cashing out, but there is more people buying than selling.

Be careful... when there is plenty of exit liquidity, the smart money gets out.

Nathan Worden

@nathanworden06/14/2023

If you look at absolute dollar value, NVDA clocks in at 3rd most bought on the week. The fact that it's also on the absolute most sold list means that the difference between NVDA's bought numbers and sold numbers is huge.

Huge on the side of the buyers.

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