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The banks have been the talk of the Twitter and Reddit, and with good reason. Most institutions took a hit in their share price with the uncertainty we’ve seen, but the Government has stepped in to reinforce consumer deposits (and confidence).
Here’s a look at some of the most popular U.S banks, financial institutions, and credit card companies’ net income from their most recent quarter. I’ve also added the:
3-month share price performance
P/E ratio
Div. Yield.
QoQ Revenue growth
The GameStop squeeze is BACK. Maybe? I dug through Reddit and found a very interesting AMA (ask me anything) by a prominent 7-figure whale in the whole GME squeeze. It’s all linked below, but let’s look at GME’s net income and EPS over the last 10 quarters.
Note: This is the company’s first profitable quarter in over 2 years.
The whole premise of the GME squeeze was that big institutions believed this company was going to zero. Here we are two years later and the tide seems to be turning for this company. A result of this profitable quarter was a 45% squeeze to the upside last week.
But if you look at the shares float and short interest on one of the many websites that offer finance-data the results are very ambiguous which makes it difficult to get a clear answer.
Cost to borrow has also spiked during this squeeze and rumors are sprouting that the available shares that are owned by retail traders are climbing higher and higher in what’s called DRS (directly register shares). When you DRS shares it does not allow institutions to take your shares (lending) to be used to short against you.
Here are some words from Kevin Malone, a (7 figure) GameStop holder from over 3 years ago and before the squeeze. He also claims to have over 90% of his net-worth in GameStop right now.