20 September Watchlist 👀

 

Today we are watching…

1.  CarMax (#carmax)

Auto finance and services company, CarMax, will be confirming its second quarter earnings next week. Time being, analysts generally give this an overweight/outperform or buy with a one year-ahead price target of $97.75. The Invstr community currently shares that bullish position. The company, relative to its assets, is profitable and has offered a healthy rate of return (34%) in terms of its price appreciation. So this is a long term buy offering growth and the prospect of a generous dividend payout.

2. Overstock (#overstock)

The question on everybody’s lips should be, why is the ex CEO of e-commerce giant Overstock, Patrick Byrne, selling 4.8 million of his company shares after 3 days of skyrocketing price hikes. And why only 87,000 of these were sold on the open market and the rest ‘gifted’. Byrne has a flowered history. Only in August he admitted having an affair with a Russian agent and had helped pass on valuable information to the US about Russian meddling in US politics. And the company’s plan for a crypto dividend payout that could only be accessed through its own exchange, was forced to make a turnaround and make them freely tradable. It’s a super-volatile stock. Perhaps this is the reason why it’s so popular with investors happy to short the stock and/or hold it for a very ‘short, long’ period. Bear that mind as analyst DA Davidson recommends it as a buy with a $48 price target!

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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