@CaribouBio@pfizer If you found my🧵interesting - please share, retweet or Bookmark it so that those on @X who are interested in Gene editing, CRISPR, BioTech and Genomics will be able to access this resource and as always I would be more than happy to read your thoughts. $XBI $CRBU
Target said it expects consumer caution to persist after it reported quarterly earnings that missed Wall Street estimates and issued a forecast for the current quarter that was also largely below expectations.
Read more: https://t.co/ek6XdhYW1p
Reminder for folks who were clients of TD Ameritrade who saw their assets move to Schwab last weekend...
If you were using a Dividend Reinvestment Plan (DRIP) at TDA, for the next few weeks, most of your stocks will likely not DRIP with Schwab because when the Dividend Record date hit in the last few weeks, your assets were still at TDA. So the dividend money paid by the corporation you invested in, will likely be paid to your old TDA account and then that cash will be swept overnight to your new account at Schwab. But because that is not part of the typical DRIP process that gets automatically caught by the Schwab system, your dividend money would stay in cash. If you don't want to miss/omit a quarter with your DRIPing process, the good news is that Schwab appears to have something called "Schwab Slices", which is available on stocks in the S&P 500. While it'll take a small effort on your part, it would basically allow you to manually take the cash/money that you received from the dividend sweep from TDA and then buy fractional shares of the stock that paid the dividend. After these initial dividends get paid for the next month or so, then you'll likely find that the typical Schwab DRIP plan will be automated because the future record dates will reflect that your assets were at Schwab at that time in future quarters.
* Also, outside of this discussion, be aware that Schwab is different than TDA in that you can't set your entire account up for DRIP. For each new dividend stock that you purchase for your account in the future, you'd have to specifically direct Schwab to turn on DRIP for that specific position (either on the trade ticket or on the positions page after the trade is executed).
Additionally, foreign stocks are not eligible for DRIP at Schwab. That's probably not a big deal for most Dividend Growth Investors because we tend to focus on U.S. stocks. But one obvious stock that will be impacted is Medtronic, $MDT. Medtronic was started/founded (and continues to have operations) in Minnesota. They are also part of the S&P 500 and are one of the U.S. Dividend Aristocrats. But because they claim Ireland as their headquarters for tax purposes, Schwab technically views them as a foreign company. Therefore, at the moment, MDT is not eligible for DRIP and you'd have to do Schwab Slices on that S&P 500 company for every quarter moving forward, unless Schwab changes their policy to reflect what other brokerages are doing for Medtronic. I hope they do change that policy because they run the risk of having accounts that hold Medtronic transfer to other brokerages if the account holders view that as an inconvenience, when the point of DRIP for many folks is to focus on the convenience of "set it and forget it".
We have arrived at T. Boone Pickens!Just under 2 hours until the Sun Devils kick off what could turn out to be one of the biggest games in the Herm Era. I’ll be joined by my good friend and partner @JackLoder_ on the call tonight at 4:30 AZ/ 6:30 CT!
📻🎙https://t.co/PmeQHGDuTe