Be Cool & Calm ! No advice, Just opinion ! Equity ! Fitness freak & stock trading Wizard ! Tweets, retweets info are not recommendations or endorsements ๐
For whatever it is worth
TCS now trades at a valuation last seen in Jun 2009.
ITC now trades at a valuation last seen in Feb 2020 to Nov 2020.
HDFC Bank now trades at valuations we have never seen in 20 yrs.
This reminds me of the quote from William O'Neil:
"It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower."
Oppenheimer brings out an interesting point here. If $GOOGL that prints massive FCF is tapping equity markets for $80B it's because credit is drying up. The private credit canary in the coal mine just died. The fact that their raise includes a massive $40B ATM and a $10B private placement to Berkshire Hathaway shows exactly how desperate the hunt for liquidity is becoming.
So who else is very exposed to the credit markets? $ORCL would be the first to come in mind, right? Name has rallied a ton here and suddenly looks like all the financing issues they have are forgotten. Their debt to equity is still over 5x.
$META is relentless in irrational spending. This might force Zucc to reevaluate his options here? Upgraded by Arete today btw.
Who needs to borrow a ton to keep the lights on? $EQIX and $DLR come to mind, 200MW datacenter costs 8 billion, certainly a hefty amount. But the biggest one of them all is none other than $CRWV, that rallied on $DELL yesterday, yet carries $21B of debt, including $8.5B delayed-draw term loan backed by GPUs.
@LegacyPathCA Regarding your point no 2. If I win or earn $50,000 inside the TFSA and withdraw in Dec or any time during the year. In next year my room will increase by $50,000 in TFSA account?
US ACCEPTS TEMPORARY LIFTING OF IRAN'S OIL SANCTIONS IN NEW NEGOTIATION TEXT. A SOURCE CLAIMS THIS IS DIFFERENT FROM PREVIOUS TEXTS, ALLOWING SANCTIONS TO BE WAIVED DURING NEGOTIATIONS. IRAN WANTS COMPLETE REMOVAL OF ALL SANCTIONS AS PART OF US COMMITMENTS, BUT US OFFERS ONLY A TEMPORARY WAIVER UNTIL A FINAL DEAL IS REACHED
#BREAKING