Why Eric Fry is Buying
Friday, 21 October 2022, 06:48:40
Ignoring market timing… why certain stocks become more attractive… buying into an “inevitable” trend with Eric Fry… Luke Lango’s “Divergence” stocks Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So, if you wait for the robins, spring will be over. That comes from one of the most successful investors of all time, Warren Buffett. The idea closely relates to a point we make often in the Digest – trying to time the market so that you don’t buy until prices have bottomed-out is a fool’s errand. By definition, a bottom can’t become the bottom until you’re looking at it in the rearview mirror from a higher price. Given this, we believe the wiser approach is to ask: “Is today’s price one at which I’m likely to make great returns, say, three years from today?” If the answer is “yes,” then buying is a good idea, even if prices head lower.
Palo Alto Networks 3-for-1 split goes into effect
Wednesday, 14 September 2022, 17:50:29
Palo Alto Networks Inc.”s three-for-one stock split went into effect Tuesday following the cybersecurity company”s announcement during its quarterly earnings report in late August. Shares opened at $183.75 Tuesday and were last down 1% from Monday”s split-adjusted close of $182.96, for a year-to-date of about 2% decline, compared with a 23% fall in the ETFMG Prime Cyber Security ETF , a 17% decline in the S&P 500 index , and a 25% drop in the tech-heavy Nasdaq Composite Index . The split leaves Palo Alto Networks with about 299 million shares outstanding, according to FactSet data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Just In: FTC Denies BitMart’s Appeal; Launches Probe On $200 Million Hack
Thursday, 11 August 2022, 11:37:56
Federal Trade Commission (FTC) has decided to step into the cryptocurrency market by launching an inquiry into the BitMart 2021 hack. It was reported that customers lost around $200 million in the major hack. FTC enters the crypto arena According to a report by Bloomberg, BitMart operators Bachi.Tech Corporation and Spread Technologies LLC appealed to The post Just In: FTC Denies BitMart’s Appeal; Launches Probe On $200 Million Hack appeared first on CoinGape .
Okta stock bounces after Mizuho analyst says it”s ”difficult to ignore” at current prices
Tuesday, 8 March 2022, 12:52:48
Shares of Okta Inc. bounced 1.5% in premarket trading Tuesday, after Mizuho analyst Gregg Moskowitz turned bullish on the identity management software company, saying the stock is “difficult to ignore at these levels.” The stock had plunged 35.7% over the past three months to close Monday at the lowest price since May 1, 2020. In comparison, the ETFMG Prime Cyber Security ETF has shed 9.1% over the past three months and the S&P 500 has declined 10.6%. Mizuho”s Moskowitz raised his rating on Okta”s stock to buy from neutral while keeping his price target at $225, which implies about 46% upside from Monday”s closing price. He said while profitability remains an issue, organic growth is still strong and growth of Okta”s Auth0 offering has been robust. “We continue to believe OKTA”s technological and GTM [global trade management] advantages versus most peers are significant, and at 9x CY23E revenue we believe the risk/reward has become difficult to ignore, even amid a tumultuous market,” Moskowitz wrote in a note to clients.
Saturday, 4 December 2021, 15:46:45
Stephens Inc. AR trimmed its stake in shares of ETFMG Prime Cyber Security ETF (NYSEARCA:HACK) by 24.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,648 shares of the companys stock after selling 1,810 shares during the quarter. Stephens Inc. ARs holdings in 
— Dakota Financial News
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