CrosbyVenture

CrosbyVenture

Despite the insane volume of printed dollars in the last two years... we have the United States Dollar breaking fresh highs in the last two years. How is this possible?

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Gm everyone! Pierce here, General Manager at TradingView! Wanted to drop a quick note to the community. We are hiring! We are looking for people in operations, partnerships, sales, strategy, legal, and research. Positions in NYC are mostly mid-to-senior level, with a few exceptions for strong young candidates. You must have a US citizenship or work visa to...

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Over the past several months "DeFi Summer" has turned into NFT Fall" and there is no doubt that the crypto economy is alive and well. While all this is ongoing, the one question remains, where is BTC comparatively? In this chart we look at the DOMINANCE of the three categories: ETH, BTC, and OTHERS ("ALTS"). With a huge run up in ETH in recent days, will we...

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While 2020 saw a huge run-up in BTC price, can ETH keep up on a relative basis? I wanted to take a look at the 2018 highs following the initial mania... This seems like a dislocation to come back into harmony. Betting on ETH performance for 2021, and by association, many of the projects staked on Etherium chain.

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I wrote about this when they dropped below $2B, but then bottomed out at $1B and are not back up to $4B. Alcoa is one of those storied brands that can never catch a break. There's always a lawsuit or downside event that catches them off guard. Recently though, they've made a pretty incredible recovery, and clearly there's more appetite for the comeback story of...

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Absolutely stunning chart. Elon Musk's Tesla is now worth more than the legendary Berkshire Hathaway holding company run by Warren Buffet. From a pure cashflow perspective, this might not make sense... but from a growth story perspective, maybe there's some logic here? Thoughts?

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While revenue fell below expectations, Grocery Outlet's earnings skyrocketed ahead of expectations. the company still trades at 1.2x sales and looks to be a medium conviction play. When considering the consolidation in the grocery space in general, as well as FCF for reinvestment, it's worth thinking about the buyout potential for a mid-tier regional looking to...

CrosbyVenture Updated 

No doubt this has been an incredible run for the LA-based social media company. With stellar growth numbers and BIG revenue boost, the company just broke $50B in market cap. To be clear, that still makes than $700B less valuable than NASDAQ:FB today... seems like there's more upside here?

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It's amazing to dive into companies and see their story visualized by data and charts. Werner Enterprises to me symbolizes one of those great American brands everyone knows about but wouldn't know to actually invest in. A really rough history of being private equity darling and getting levered up to the hilt with debt. Wern now trades at 1.19x trailing...

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No doubt, weakness of the dollar has been quite the moment for a ton of assets (Bitcoin, SPY, etc), but are we changing that thesis so soon with recent news out or Russia? Taking a look a the daily futures chart, we can see the 2020 channel is still very much intact. If the channel acts as resistance, look for the next leg up!

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While TD Ameritrade and E*TRADE have been bought for insane multiples, Stonex seems to be very under-reported. More than $20B in revenue for the QUARTER, but it trades at $1B market cap?

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Pre-market, we see yet ANOTHER large leg up for TSLA. At this point, it seems there is little to any resistance here (breaking outside previous channel trendlines. Notable: Telsa is now far above its 50, 100, and 200-day moving averages. Next stop?

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Telsa's market cap has eclipsed Toyota, making it the largest auto company in the world (at least by mktcap). Meanwhile, quarterly revenue is close to $6B versus $66B (Toyota). Seems like something is wrong here.

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At upwards of 18X price to earnings ratio, Winnebago is the overleveraged American dream. With a falling interest in mobile homes and trends away from travelling the heartland of the US, will this trend continue? Since the bottom of the COVID-19 crisis, we've seen a 180% rally in $ NYSE:WGO , similarly so in $ NYSE:CWH . Overextended?

CrosbyVenture Updated 

May 19th is Walmart's earnings. No doubt numbers are already expected to be quite high. That said, if you look at the YTD chart, there's little to write home about this stock. Expecting a gap fill, not sure I'll stay in after that.

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Wells is now off more than 50% since the start of the Coronavirus pandemic. However, Wells suffers from much more than a pandemic: Over the last two years, scandals around nefarious sales practices, some unfortunate executive departures, and an inability to grow top line has hit them hard, and the crisis has hit them especially hard in revenue terms. We're now...

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Looking at the snapback, Amazon is trading close to fresh highs; more than a 50% move since March 16th, which is shocking. Billions created here. Overhyped in my opinion.

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Still not sure how much more we have to go here... though, at 4x price to sales, seems like it could move up.