To celebrate this Thursday the 20th, I bought some stock.

To celebrate this 20th in a special way, I bought 420 shares of a marijuana company instead of smoking it myself. Now when the big boom of this green happens in the next year or so, I'll be happy I didn't smoke it all away. ACB for the win!

submitted by /u/cptjimmy42
Why are settlement times still so long? Will there ever be a day where faster (or even instant) settlement times exist?

It's interesting to me how long settlement times for trades are. ACH transfers mostly seem to occur next day (if not quicker). With FedNow (hopefully) coming soon, it could be even faster. Is this just a bureaucracy thing? Will we ever see faster (or even instant) settle times? I understand that things have to go in an order. And it's a lot of outdated and old tech. But FedNow is being discussed and planned, but I don't hear anything like that for tr

AT&T shares fall 10% after company posts softer than expected revenue, cash flow

AT&T shares are down after the company’s revenue came up short of Wall Street’s expectations. The carrier’s quarterly revenue rose to $30.14 billion, falling just shy of the $30.27 billion expected by analysts.

On its earnings call Thursday, AT&T executives said the decline was “consistent with [its] expectations” due to the timing of capital investments and device payments. Executives said the company “remains confident” it will meet its forecast

BuzzFeed News will shut down

https://www.cnn.com/2023/04/20/media/buzzfeed-news-shuts-down/index.html

BuzzFeed News is shutting down, the company announced Thursday.

The move, which was confirmed by BuzzFeed Chief Executive Jonah Peretti in a memo to staff, is part of a 15% reduction in BuzzFeed’s workforce.

“While layoffs are occurring across nearly every division, we’ve determined t

Who are the analyst/authority who estimates a company's earning expectations?

I keep hearing this news a lot that company missed or exceed the earning estimate.

Who is the authority that makes this expectation? Why does everyone in the world trust their expectation? Do they have some kind of official exclusive approval from the company or the govt to make these predictions?

submitted by /u/sane_is_insane
Seagate hit with $300 million penalty for continuing $1 billion relationship with blacklisted firm Huawei

https://www.cnbc.com/2023/04/20/seagate-to-pay-300-million-penalty-over-billion-dollar-deal-with-huawei.html

Computer storage company Seagate will pay a $300 million penalty for allegedly continuing an unauthorized $1.1 billion relationship with Chinese technology firm Huawei after the company was added to a U.S. trade blacklist in 20

I'm not ready to start buying yet, still too many wildcard catalysts out there, are you?

Based on what I’m seeing we are just getting started.

For starters we still have:

1) Corporate earnings going negative (Q2 and Q3 1 and 2 year comps are gnarly)

2) Tight monetary conditions causing more issues in credit markets

3) which both lead to layoffs

Layoffs matter to consumption which drives the US economy. So how’s the consumer doing now, pre-layoffs?

Not good

- consumer credit has already grown at the

Capcom crushing it, and may split soon.

Capcom typically splits at all time highs - which they are currently at. They split in April 2018 and 2021.

https://www.capcom.co.jp/ir/english/stock/dividend02.html

Recently Resident Evil 4 remake topped the charts.

https://www.ign.com/articles/resident-e

(4/20) Thursday's Pre-Market Stock Movers & News

Good morning traders and investors of the r/stocks sub! Welcome to the new trading day and a fresh start! Here are your pre-market stock movers & news on this Thursday, April the 20th, 2023-


Stock futures fall as investors parse corporate earnings: Live updates


Stock futures dropped on Thursday morning as inves

Global Payments stock ($GPN) gets 2nd upgrade in a week as Baird moves to outperform

Baird analysts have joined the club of sell-side analysts who reflected positively on Global Payments Global Payments ($GPN).

The analysts upgraded shares to Outperform from Neutral with the price target raised to $156 from $130.

The analysts believe the company has continued to gain market share as Q1 sector trends “seem quite good.”

“We think it’s hard for the Street to ignore EPS growth of mid-teens on a sustained basis at a significantl


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