Voting Fun With Facebook
Now, I read among the most frightening headlines :
“Facebook will prepare users for mail-in voting for 2020 election amid pandemic.”
This has been CNBC’s headline of the morning. CNBC has a tradition of upgrading these items through the day, which means that your outcomes may change.
The social networking giant has a program intended around “getting people ready for the fact that there’s a high likelihood that it takes days or weeks to count this — and there’s nothing wrong or illegitimate about that,” based on CEO Mark Zuckerberg.
That program also has new rules based on flagging early promises of success or alternative outcomes.
The concept that Facebook Inc. (Nasdaq: FB) will “educate” U.S. voters on the November election is foolish. This is the firm that has been tricked by Cambridge Analytica. It’s the firm known for distributing misinformation about every subject known to man — from Tide Pods to vaccines and viruses.
On the flip side, I must give Facebook charge for trying to do something to rein in the wild, Wild West of social networking.
On the flip side, I’ll think this altruism once I see it. Inside my head, Zuckerberg doesn’t wish to devote some time in front of Congress again. And this movement is just one enormous CYA for Facebook after it had been accused of affecting the 2016 elections.
In another, but related vein for investors, J.P. Morgan Analyst John Normand explained that the markets are directed at a small correction, but investors shouldn’t fear.
“Some misgivings are justified given a macro backdrop that is becoming muddied, but not muddied enough to justify bearish targets or a defensive investment strategy,” Normand stated in a note.
A muddied macro background is just analyst talk for “the economy is not recovering from the pandemic like we expected.” Normand goes on to state a Congressional stimulus package of at least $1 trillion will reinforce the U.S. and maintain the market “well above trend.”
Thus, to recap: We’re relying upon Facebook to instruct individuals about mail-in voting in a pandemic. And we’re relying on Congress to do the perfect thing and fortify the U.S. market during an election season.
If those aren’t good reasons to have a defensive position in this current market, I don’t understand what are.
The most important thing is that in a best-case situation, we’re taking a look at a great deal of market volatility since the pandemic and November elections perform. That means sticking into the defensive approaches which Great Stuff has often laid out: holding money cash, gold and Treasuries.
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The Great: TikTok on the Clock
Love it or hate it, TikTok is among the latest social media businesses on Earth at the moment.
That popularity has brought with it intense scrutiny from international authorities.
TikTok, that is possessed by Chinese firm ByteDance, has become a lightning rod for international tensions with China.
Nations from India into Japan to the U.S. are worried that ByteDance is sharing consumer info directly with China’s government — a claim TikTok has denied.
However, these concerns could be solved in under a month. Microsoft Corp. (Nasdaq: MSFT) confirmed this weekend it is in discussions to obtain TikTok’s surgeries at the U.S., Canada, Australia and New Zealand.
President Trump originally opposed the purchase but has contributed Microsoft 45 times to cut out a deal.
This might be a big win for Microsoft in case it may work a deal for TikTok. The business currently has a foothold in the social networking room with LinkedIn. However, LinkedIn is much more of an expert social networking platform, also TikTok is far from professional.
Actually, a TikTok acquisition could put Microsoft in direct competition with Facebook’s Instagram and Snap Inc.’s (NYSE: SNAP) Snapchat.
Investors are already gearing up to Microsoft’s most up-to-date move to the social networking room, sending MSFT greater than 4% higher on the information.
The Bad: Not So Private Eyes
Keeping with the Large Tech motif now, we’ve noted that Alphabet Inc.’s (Nasdaq: GOOG) Google spent $450 million in home security firm ADT Inc. (NYSE: ADT). The investment gives Google a 6.6% stake in ADT.
The notion here is that the duo will work together to expand smart house security by incorporating ADT’s community and apparatus with Google’s Nest smart house system. Let’s let Nest General Manager Rishi Chandra clarify the tie-up:
The objective is to give clients fewer false alerts, more ways to get alarm occasions, and much better detection of possible incidents within and around the house. It is going to also offer individuals with more useful notifications which produce everyday life more suitable, like bundle detection.
ADT clients will have access to Nest Aware, a service which keeps people informed about significant events in home, such as smart alerts and event history record for around 30 days.
It all sounds really snazzy, and ADT investors are obviously excited. ADT originally surged over 80% over the information.
However, GOOG stocks are down about 1% after the report. Perhaps they know something we don’t?
Which brings us to why this deal is “bad.”
To begin with, we’re all concerned about TikTok sending huge quantities of information on China, but has anybody looked at what information this ADT deal provides Alphabet?
Second, Google has a history of starting new jobs and then left them a couple of years later. There’s a really real possibility that ADT’s tie-up with Nest is going to wind up in the Google graveyard later Alphabet has milked it for whatever it’s worth.
ADT investors would be smart to keep a close watch on this bargain and take profits in which appropriate.
The Ugly: Biting the Hand That Feeds
Well, I heard Mister Musk discuss her. I discovered ol’ Elon place down her.
I expect Elon Musk will recall, an American don’t want him around, anyway.
Tesla Inc. (Nasdaq: TSLA) is back in the headlines now, rather than in a fantastic way. At a recent interview with Automotive News, CEO Elon Musk blasted Americans as “entitled” and “complacent” while praising China:
China stones, in my view. The power in China is excellent … there’s like lots of intelligent, hard working individuals. And they’re actually — they’re not entitled, they’re not complacent.
What, Elon? Was the $4.9 billion in U.S. government financing insufficient for you?
Billions in tax breaks, incentives and taxpayer bucks also “complacent?”
Was California not Letting You reopen your manufacturing aims amid a pandemic also “entitled?”
Try out this debate in China and determine just how far it gets you. I hope to hear Musk whining about Nio Inc.’s (NYSE: NIO) unfair edge in roughly a year’s time. Let’s see what he believes about American entitlement and complacency then.
I enjoy Tesla as a Firm. I believe they’ve a revolutionary product in the forefront of a automotive and energy revolution. However, — and I believe lots of Tesla bulls would concur — Elon Musk only has to shut his piehole and allow the business do what it does best.
Are you ready, kids?
Ooooohh… It’s Chart of the Week period! That means another trip to EarningsWhispers.com with the week’s most likely earnings releases.
We’ve got a significant lineup this week, such as several Great Materials Picks:
You will find far more than 130 compaines data dumping on Wall Street this past week. Thus, what is Great Stuff seeing?
Why, Good Stuff Picks businesses, naturally.
On Tuesday, Beyond Meat Inc. (Nasdaq: BYND) is likely to report a reduction of $0.02 per share, versus a whisper amount for a gain of $0.01. How well did meatless meat maintain up throughout the pandemic? We’re going to discover. The Walt Disney Company (NYSE: DIS) and also electric-vehicle manufacturer Nikola Inc. (Nasdaq: NKLA) will also be on tap to record on Tuesday.
On Wednesday, Roku Inc. (Nasdaq: ROKU) flows into the earnings confessional with Wall Street targeting a reduction of $0.55 each share. Whispers are to get a narrower loss of $0.45 each share. Nevertheless, this report will probably be about active users and subscriber growth. Keeps those earnings amounts on the back burner, and also await subscriber totals.
Thursday provides up Wix.com Ltd. (Nasdaq: WIX). This website-creation enabler is certain to have had a bang-up quarter with everybody and their mom going online to earn a couple additional bucks throughout the pandemic. Expectations sit earnings of $0.26 per share, compared to some whisper quantity of $0.35. Fantastic Materials investors are already sitting on a profit of greater than 100% for WIX, and Thursday should bring more profits into the table.
Outside of Great Stuff Picks, we’ve got our eyes on earnings from Chegg Inc. (NYSE: CHGG), Activision Blizzard Inc. (Nasdaq: ATVI), Square Inc. (NYSE: SQ) and Uber Technologies Inc. (NYSE: UBER).
It’s going to be a fascinating week, dear reader.
Fantastic Stuff: Obtaining Corny
Thank you for tuning into another week of Excellent Stuff!
Have you been gearing up with this week’s earnings reports? Any companies you’re seeing that we’ve missed?
Got a rant on Facebook, TikTok or … *gasp* … Elon Musk?
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Until the next time, remain Great!
Editor, Great Stuff