This trend has accelerated since the Federal Reserve embarked on its money printing spree earlier this year. Using Bitcoin as a proxy, it is clear that cryptocurrencies have evolved beyond speculative investment status to become a store of value. There are a fixed number of Bitcoins that may be mined (21 million) which checks one … Continue reading Cryptocurrency Is Starting To Gain Recognition As A Store of Value
The world's most popular Websites are: 1.) Google.com; 2.) YouTube.com; 3.) Facebook.com and 4.) Amazon.com. We also took a snapshot of Website traffic for eight leading FinTech companies. We found this data interesting, but be careful about reading too much into it. Many of these companies operate multiple Android and iOS apps which are the … Continue reading FinTech Companies and Their Website TrafficPremium
Mass Mutual and Athene made a bid for American Equity Investment Life. Activist Trian took stakes in Invesco and Janus in an effort to build one of the largest Asset Managers. M&A is a quick way to scale AUM, but it does not change the paradigm for legacy Asset Managers. Legacy Asset Managers (and depository … Continue reading Consolidation Will Not Save Asset Managers
Companies have pulled forward a significant amount of future earnings. The question is: "How much"? Back in April Microsoft (MSFT) CEO Satya Nadella said the company experienced two years of digital transformation in two months. Amazon (AMZN), Shopify (SHOP), Square (SQ), PayPal (PYPL) and other e-commerce players have undoubtedly pulled earnings forward as COVID accelerated … Continue reading How Much Future Earnings Have We Pulled Forward?
Investors have lost their minds when it comes to high-flying stocks such as Tesla (TSLA, up 830% over 13 months), Shopify (SHOP, up 210% over 4 months), DataDog (DDOG, up 220% since the March lows), and many other names where valuations are based on anything but the fundamentals. Why? There Is No Alternative (TINA): The … Continue reading TINA, ZIRP, The Future & The Retail Investor
We spent much of last week collecting e-commerce and payments-related data. That long-form TEK2day report is on the back burner for now. In the interim we share our general thoughts on e-commerce and one retail giant in particular. The retail space is having difficulty overcoming COVID having suffered record bankruptcies. Brooks Brothers is the latest … Continue reading E-Commerce Is Fluid and Walmart Appears Undervalued
Square's (tkr: SQ) Cash App appears to be winning the mind share battle against Venmo, the peer-to-peer ("P2P") payments platform owned by PayPal (tkr: PYPL). We ran a Google Trends analysis on search terms "Cash App" and "Venmo" for two time periods - the past 12 months and the past 30 days - for Google … Continue reading Is Square’s Cash App Winning The P2P War?
We list a handful of industries that may accelerate their mobile workforce and remote capability efforts in the COVID aftermath. ASSET MANAGEMENT: We believe the big opportunity here is for virtual meetings whether they be one-on-one meetings between investors and management teams or full analyst days. Basic video communication and live streaming services are offered … Continue reading Industries Best-Positioned To Go Mobile Post COVID
Elliot Management is moving to acquire Board seats at Twitter. CEO Jack Dorsey would have done well to have followed our December 2017 advice offered in the TEK2day article: "Distracted CEOs and CEO Overreach." Our position has always been that CEOs have a fiduciary responsibility to shareholders in that they owe 100% of their focus … Continue reading Advice to CEO’s: Pick One. It May Save Your Job
It is difficult to get excited about Morgan Stanley's recently announced acquisition of ETrade. The latter is essentially a no growth business (P&L below), competing in a cut-throat market. On the other hand, Square - albeit a larger company that would command a larger price - is a FinTech leader in growing consumer markets. If … Continue reading Square Makes More Sense for Morgan Stanley