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#2,429
#2,429
so I am keeping GAN and DKNG until ALL sports come back - which means the start of the NFL season as well in Sept
 
#2,430
#2,430
LIvol said:
so I am keeping GAN and DKNG until ALL sports come back - which means the start of the NFL season as well in Sept
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I think you have to look a lot further than 3 months out to determine a valuation for DKNG. The bigger question, IMO, is what does DKNG look like in 5 years? Will they be a company like Netflix that completely transformed the industry or will they be a niche company?
 
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#2,431
#2,431
BigOrangeMojo said:
I think you have to look a lot further than 3 months out to determine a valuation for DKNG. The bigger question, IMO, is what does DKNG look like in 5 years? Will they be a company like Netflix that completely transformed the industry or will they be a niche company?
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Depends on if states legalize online sports wagering IMO
 
#2,433
#2,433
Thunder Good-Oil said:
I like Schwab, Interactive Brokers, and Morgan Stanley with e-Trade. I'm surprised that Schwab isn't seeing a ton of pushback from the federal government over merging with Ameritrade. I guess it helps that Fidelity is another (non-public) discount brokerage competitor. Vanguard is as well to a degree. Also, when Goldman, JPM, Wells, and others that offer accounts are larger it might be hard to challenge SCHW as far as anti-competive or fair trade issues are concerned. Plus the thousands of local, regional, and national banks make a stronger position for SCHW to proceed.

Interactive is a richer valuation, but being focused on online their costs can be lower. Lots of room to grow.

I think that the Morgan-Stanley and e-Trade combination is going to be interesting. MS is more of a wealth management firm with a high end clientele. They're kind of buying a trading platform, but also a customer list that they can mine to expand their wealth management business with the high end e-Trade accounts.
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Thanks for your thoughts. Initiated position last week and added a little more today. Gives me 3 (4 if you include Health Equity) in financial sector (TROW, SCHW, MS)
 
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#2,434
#2,434
BigOrangeMojo said:
Thanks for your thoughts. Initiated position last week and added a little more today. Gives me 3 (4 if you include Health Equity) in financial sector (TROW, SCHW, MS)
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Yea, I keep a long watch list generally grouped by sectors with a few industries broken out into separate lists. Health Equity really is a financial, but I keep it in my Health Care list.

I wonder if Interactive Brokers will be added to the S&P 500 once E*Trade is taken over by Morgan-Stanley. I thought it would for sure after Schwab takes over Ameritrade, but I was surprised to see that Ameritrade isn't in the S&P 500. They're all in the Russell 1000 though. SCHW, MS, and E*Trade are all in the S&P 500. Interactive and Ameritrade are not.

There are a bunch of good entry points on the financials right now. But most have gone up considerably in the last 2 weeks. Health Equity was way down last I looked a couple of weeks ago. They should be in a good spot in the long run. MSAs haven't been around all thàt long and I think that Fidelity was their only large competitor.

I like the financials that are in multiple industries within the financial sector. Investment management, institutional and individual clients, mortgage servicing and/or underwriting, business loans, investment and traditional bank accounts, funds and fund management, etc. Schwab is far more diversified in their offerings than is Interactive.
 
#2,438
#2,438
Thunder Good-Oil said:
Yea, I keep a long watch list generally grouped by sectors with a few industries broken out into separate lists. Health Equity really is a financial, but I keep it in my Health Care list.

I wonder if Interactive Brokers will be added to the S&P 500 once E*Trade is taken over by Morgan-Stanley. I thought it would for sure after Schwab takes over Ameritrade, but I was surprised to see that Ameritrade isn't in the S&P 500. They're all in the Russell 1000 though. SCHW, MS, and E*Trade are all in the S&P 500. Interactive and Ameritrade are not.

There are a bunch of good entry points on the financials right now. But most have gone up considerably in the last 2 weeks. Health Equity was way down last I looked a couple of weeks ago. They should be in a good spot in the long run. MSAs haven't been around all thàt long and I think that Fidelity was their only large competitor.

I like the financials that are in multiple industries within the financial sector. Investment management, institutional and individual clients, mortgage servicing and/or underwriting, business loans, investment and traditional bank accounts, funds and fund management, etc. Schwab is far more diversified in their offerings than is Interactive.
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Agree with your comment about there being some value in financial sector now

I've never been a big financial sector investor. I've held TROW and ETFC (until Feb and MS acquisition) for 3-4 years. They did OK but considering the market in general, I didnt do great. I've just never been able to fully grasp what's on the balance sheet of some of these companies and I guess 2008 keeps popping up in my head.

I've tracked HQY for a bit but thought it was expensive. Almost pulled trigger in March (I should have) but pulled trigger in early April. I sold ETFC in Feb but decided to put a little bit in MS in early April as well once I was able to analyze MS a little more. I bought AXP in mid May. Just think the upper end that AMEX caters to wont be as impacted as much due to COVID.

I've never really followed IBKR much but I guess I'm tracking/researching now.
 
#2,446
#2,446
BigOrangeMojo said:
Agree with your comment about there being some value in financial sector now

I've never been a big financial sector investor. I've held TROW and ETFC (until Feb and MS acquisition) for 3-4 years. They did OK but considering the market in general, I didnt do great. I've just never been able to fully grasp what's on the balance sheet of some of these companies and I guess 2008 keeps popping up in my head.

I've tracked HQY for a bit but thought it was expensive. Almost pulled trigger in March (I should have) but pulled trigger in early April. I sold ETFC in Feb but decided to put a little bit in MS in early April as well once I was able to analyze MS a little more. I bought AXP in mid May. Just think the upper end that AMEX caters to wont be as impacted as much due to COVID.

I've never really followed IBKR much but I guess I'm tracking/researching now.
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Interactive Brokers could end up being one of those companies where it's a great business but not as great of a stock. They do have less costs minus the physical branches, but they pay higher interest on cash and charge less for margin loans which hurts their bottom line. Their strategy is probably to grow accounts and their AUM. Ally is another financial that's building a branchless business model. Both companies should be becoming well positioned with the demographic that hasn't reached their high earning years yet as employees. The good thing about Interactive is that they do make a profit. They'll need to eventually enhance their dividend though to make their stock more attractive.

I'm not sure, but AXP might kind of cater to travelers as well as the high earners. Visa and MasterCard have been resilient. I'd be interested in which of those (and Discover) is most exposed to international spenders versus domestic. PayPal and Square are potentially long term winners. But I think that Square might be dependant on people carrying physical plastic in their wallets. I don't know if they are exposed to charging purchases using a smart phone or not. I also don't know what Amazon is doing in the transaction processing space. Their expansion into drlivery has been a drag on FedEx and they're probably slowly chipping away at UPS. FedEx (like Akami) have been cut off from Amazon for a while now, so maybe the worst is behind them. Amazon hasn't been a problem for just brick and mortar retailers.

If Square is primarily payment processing hardware then it's not as attractive. So many of those companies end up on the investing trash heap... Arlo, GoPro, FitBit (the pushback on Chinese manufacturing and knock offs will affect all of the hardware plays, should be positives and negatives). Smart phone purchase swipes are another reason to get AAPL for the long haul.
 
#2,448
#2,448
I got a td ameritrade warning today telling me if I did two more day trades in the next 5 days I'd need 25,000 in my account. Well I'm just using my own cash. So I called them and the guy said they approved me for a margin account when I set the account up a week ago. I said oh hell no get that chit off my account. 😂
 
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#2,449
#2,449
Orange_Vol1321 said:
I got a td ameritrade warning today telling me if I did two more day trades in the next 5 days I'd need 25,000 in my account. Well I'm just using my own cash. So I called them and the guy said they approved me for a margin account when I set the account up a week ago. I said oh hell no get that chit off my account. 😂
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I'm not certain, but you might have to have a margin agreement in order to trade options. It's been 20 years, so I don't remember for sure. It would be weird since they are 2 different things, but perhaps it's a dual purpose form.
 
#2,450
#2,450
Orange_Vol1321 said:
I got a td ameritrade warning today telling me if I did two more day trades in the next 5 days I'd need 25,000 in my account. Well I'm just using my own cash. So I called them and the guy said they approved me for a margin account when I set the account up a week ago. I said oh hell no get that chit off my account. 😂
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If you don’t have at least 25k in your account, you’re limited to 3 day trades every 5 trading days, per SEC rules.
 
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