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Barrick Gold Screams Value !Although Barrick Gold currently trades at its most attractive valuation since the end of 2015, but the company is in much stronger shape than it was 7 years ago. Take a look at the following numbers: Year 2015 2016 2017 2018 2019 2020 2021 Total Assets: 26.31B 25.68B 25.31B 22.63B 44.39B 46.51B 46.83B Tick Mark Total Liabilities: 16.89B 14.99B 14.28B 13.25B 14.56B 14.80B 14.56B Tick Mark Total Common Shares Outstanding: 1.17B 1.17B 1.17B 1.17B 1.17B 1.17B 1.17B Tick Mark (No shares dilution) Based on above numbers I see a company with sharply declining costs and improving margins even in a weak gold price environment. While the Market Cap is 25.091B, The EV is standing at 36.03B & Book value per share is at 13.39. It literally means if this company gets liquidated which I don’t think so, I will get my money back at 13.39 per share. Only Ali Baba has similar metrics. In short these metrics mean I'm buying this company for free and this shall be our bottom.
NYSE:GOLDLong
by SabahEquityResearch
4
EBIX Long Options StrategyInternational SaaS and technology company Ebix offers software and e-commerce services to the insurance, financial, travel and healthcare industries. It recently announced that it closed 2022 with record volumes on AnnuityNet4 (AN4) --its annuity exchange platform that handles roughly 70% of the electronic annuity transactions in the industry, integrated with partners such as Cannex, DocuSign, OneSpan, DTCC. Other areas of business include CRM, Forex, and e-learning solutions. Fundamentally, Ebix has a market cap of 623.2M and P/E of 9.47x -- with price targets from $43-150, averaging $97. TA-oriented investors may spy some consolidation into a falling wedge as well as some possible bullish momentum. But tech stocks in general are volatile in this market, and it's hard to tell if this small cap will chop or rally. With this options strategy, capture up to 12% (20% annualized) of the potential gain while also allowing EBIX room to fall 63% before losing any of the initial investment. Hedged like this: Buy 1 $20 call Sell 1 $22.5 call Sell 3 $7.5 puts Exp 9/15/23 Capital Requirement: $2239
ELong
by oliveinvest
Screen Setup for Fundamental AnalysisRecently I experimented with TradingView's "fundamental metrics" feature by mixing and matching up the financial information indicators. Finally, created a dedicated layout called "Fundamental analysis" and I like it a lot. Realizing that this feature is receiving less attention than it should be getting, I've decided to share my setup with everyone who's reading this to see. Setup : I've split my screen into two sides with (i) symbol, (ii) interval, and (iii) time all synced up. Left screen : Trend analysis on financial performance (the income statement) Right screen : Trend analysis on financial position (the balance sheet), along with changes in cash positions (statement statement of cash flows) They're all just high level breakdowns. We are not trying to come up with companies' intrinsic values by just staring at bundles of colorful rainbow lines. For each quadrant, I've placed the key Financial Statement Line Items (FSLIs), and key ratios (i.e. activity, liquidity, solvency, or profitability ratios) that are relevant to my decision making process. This is not a standard template because every value investor is different in terms of what they want to see at first sight when presented with companies' financial statements. TradingView had by default put labels with numbers on them, I removed all of those because I'm just interested in looking at the trends. If I need the exact information, I'll either dig up the SEC filings or go get copies of analysts' reports. But before ever doing that, I want to get a quick mental snapshot of the company's financials. Example : A quick walkthrough of TSLA (by just looking at the layout as shown in the example) over 5 years; As of latest quarter: (A) Financial performance wise: - EBIT and EBITDA had increased, all thanks to ramp up of revenue, and helped by decreasing of COS and OPEX. - as a common shareholder, it's great to see basic EPS increasing, but beware of dilutive effects (B) Financial position wise: - from perspective of a shareholder, it's great to see debt decreasing over time; shown by decreasing in net debt, corresponded by decreasing of D/E. - with increase in interest cover ratio, it tells that TSLA is starting to make enough money to have enough EBIT to cover their finance costs; good - overall liquidity wise, there had been decrease in quick ratio. This is explainable due to increase of inventory as shown by the gray line. This is okay, as long as inventory turnover is stable going forward (inventory activity ratios can be added if wanted, but I just plotted total inventory; normally I just want to know whether companies hold inventories or not). Advantage of this setup : - I can go through my TradingView watchlists and spend just 5 to 10 seconds on each company to get brief insights of their fundamentals. Disadvantage of this setup : - The scale is a problem. By default, they are auto-fitted. Due to nature of different FSLIs and ratios, you cannot resize them to obtain a meaningful universal scale. Be careful when deciding to work with comparatives with this setup. Example: if you look at basic and diluted EPS, it seems like the dilutive effect is immaterial because the lines are are stacked up. But if you look at the scales, they're completely different!
NASDAQ:TSLA
by DojiEmoji
2
Gold to 1958.60Gold is starting to seperate itself from equities ad it held strong while the Nas100 sold off today on 2/02/23. VERY strong imbalance to the upside and these gaps must be filled. 50% of the large imbalance also alligns perfectly with the 50% of the fib for a goldenzone retest before making it's way to the bullish candle liquidity grab at the top as indicated on the chart where the PDH is. I think Monday's high will act as support along with the golden zone PWH after a retest to futher fill the green FVG box and upper black box imbalance.
EIGHTCAP:XAUUSDLong
by CatchingPips-Official
On 1 Feb 2023 Indian FM Will Talk on Crypto Regulations.......On 1st Feb Indian Finance Minister Nirmala Sitharaman is going to announce budget of India. I am expecting that she will definitely talk about crypto regulations in India. As Wazirx is leading exchange in india right now, if something positive is for indian crypto community then WRX coin and other well reputed indian tokens will pump hard on tht day. So lets trade this upcoming new This trade is completely based on news, if something unfavorable news comes WRX will dump too...
WLong
by Rohit_Shinde
Potential ZIM breakout trade setupHere's a trade setup I've been waiting for to get ripe for a while. ZIM: the dividend IPO pump n dump darling. It has some ridiculous fundamentals with currently a book/share of 48.4 and a cash/share of 26.12 along with a crazy 166% dividend: finviz.com It has been following this linear regression trend on the way down, just as well as on the way up. And now it is making a large wedge (orange) that looks to me like it is ready to breakout soon. We also got some positive divergence on the MACD and RSI. There's also a long-term resistance line developed on the RSI that I'm watching as potential resistance. One of the RSI lines will have to be broken in the coming months and I'd expect that'll be a big move in what ever direction that will be. Now as for bearish patterns, it is forming a pattern that looks like a bear flag (blue), so there is the risk of the flag being broken and it continues the trend lower. This one also likes to gap up and down, so there is the risk of stopping out lower than my stop. If it breaks out, I'm hoping for a rally to the low 20s and will exit there, as it will be hitting the top of the regression trend, increasing risk substantially. You can also see there are a lot of bag-holders at that price based on the Fixed Range Volume Profile so they will likely want to sell at those prices. My stop is quite loose at 15.78 since zim is a wild one, and if it's going to be an uptrend, I would not expect it to go much below the previous lows. If my target is reached, I'd then watch on the sidelines to see if it is primed to break out of the regression trend, creating an epic rally. The broader market conditions will have to be in a good situation next year for such an event to happen. I got a bit excited this morning and bought at 17.41, now it is an even lower price, closer to where I originally wanted to buy lol. But the risk-reward ratio I have for myself is 2.55, not too shabby! Note: I chart this with the chart adjusted for dividends because they make such a large impact on the chart and I've noticed that my old zim chart is now all messed up because of this, so the published chart appears to get less accurate as time goes on.
NYSE:ZIMLong
by Lynxys
3
Growth stock's hiatus ?Growth stocks outperform value stocks most of the time on a weekly chart of $VUG / $VTV, Vanguard's growth and value elf's respectively. Since the start of the 2022 bear market that relationship has reversed and, in August 2022, broke both horizontal support as well as a 14 year long diagonal support. These breakouts are being retested now, in January 2023. The outcome can impact both trading and long term investing strategy. For reference: $SPY in the bottom pane. Today's close: 400.35 Fib tool (not formal analysis)
AMEX:VUG
by gb50k
1