Tag: Love

13
Oct
2020
Posted in technology

Big Money, Day Traders Both Love Japan Tech Darling Mercari

(Bloomberg) — Mercari Inc., the online flea-market operator that has become one of Japan’s most closely watched tech ventures, is closing in on new highs as the stock has drawn both big and small money.

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The company has already grown to command the largest weighting on Japan’s startup-focused Mothers index as individual investors buy in — of some 230 of the largest Japanese companies with market value of over $5 billion, Mercari has the third-highest percentage of individual shareholders. Then on Oct. 7, Los Angeles-based money manager Capital Group declared it had taken a 5% stake in Mercari.

That’s helping propel the stock to near the 6,000 yen mark it hit just once, on the day it listed to great fanfare in 2018. After a rapid decline, the stock has worked its way back up this year, fueled by its first quarterly operating profit. That’s been helped by the coronavirus pandemic, which has boosted usage of its online marketplace where users buy and sell items.



graphical user interface, chart, histogram: Mercari shares are nearly back to the post-IPO pop


© Bloomberg
Mercari shares are nearly back to the post-IPO pop

Mercari fell 0.2% in Tokyo on Tuesday. A gain of just 3.3% in the next trading session would see it match the 6,000 yen high.

Mercari is something of a rarity in Japan, which has few tech startups that have swelled to the size of the $8.6 billion company, according to Ikuo Mitsui, a fund manager at Aizawa Securities Co., who is still bullish on the firm after the share surge.

“In Japan there are very few companies like this, light on assets and not requiring large-scale capex,” he said. That’s why many are piling onto the stock, he added.

It’s even more unusual for being a Japanese startup that is starting to see success on its app outside of its home

06
Oct
2020
Posted in technology

Tencent Stock Options Cost a Fortune and Traders Love Them

(Bloomberg) — Caught off guard by Tencent Holdings Ltd.’s record-breaking rally earlier this year, Hong Kong’s stock investors are getting well prepared for the next one.

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For about two months, options traders have consistently shelled out more for bullish three-month contracts on the stock than they’re willing to pay for those protecting against losses, according to data compiled by Bloomberg. That’s kept Tencent’s so-called volatility skew below zero, an unusual quirk for a market that typically sees traders pay more for downside protection than upside speculation.

There are now almost 1.1 million outstanding options on Tencent, outnumbering those on the Hang Seng Index by more than 4-to-1. The demand for the derivatives mirrors a trend in the U.S., where volume in single-stock options exploded this year and helped underpin the rally in technology shares.

How Tech Options Juiced the U.S. Stock Market: QuickTake

The world’s eighth most valuable stock is growing revenue at its fastest pace in years, lifted by an explosion in internet activity — and mobile gaming in particular — amid China’s world-leading recovery from Covid-19. The 33% stock surge in the first half of this year plateaued after U.S. President Donald Trump signed an executive order banning U.S. entities from dealing with Tencent’s signature app WeChat.



chart: Tencent's call options are pricier than puts


© Bloomberg
Tencent’s call options are pricier than puts

Tencent has long been a market favorite because of its dominant position in China’s gaming sphere and the ubiquity of WeChat, which has become the go-to app for communications, social media and entertainment. While Alibaba Group Holding Ltd. and upstarts like ByteDance Ltd. are challenging its position, Tencent continues to serve the country’s largest user base and dominate in gaming, the most profitable class of smartphone app.

The company is set to report third quarter results on Nov. 12. Its

05
Oct
2020
Posted in technology

Traders Love Tencent So Much They Pay a Premium to Be Bullish

(Bloomberg) — Caught off guard by Tencent Holdings Ltd.’s record-breaking rally earlier this year, Hong Kong’s stock investors are getting well prepared for the next one.

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For about two months, options traders have consistently shelled out more for bullish three-month contracts on the stock than they’re willing to pay for those protecting against losses, according to data compiled by Bloomberg. That’s kept Tencent’s so-called volatility skew below zero, an unusual quirk for a market that typically sees traders pay more for downside protection than upside speculation.

Asia’s second-largest corporation by market value and eighth globally is growing revenue at its fastest pace in years, lifted by an explosion in internet activity — and mobile gaming in particular — amid China’s world-leading recovery from Covid-19. The 33% stock surge in the first half of this year plateaued after U.S. President Donald Trump signed an executive order banning U.S. entities from dealing with Tencent’s signature app WeChat.



chart: Tencent's call options are pricier than puts


© Bloomberg
Tencent’s call options are pricier than puts

Tencent has long been a market favorite because of its dominant position in China’s gaming sphere and the ubiquity of WeChat, which has become the go-to app for communications, social media and entertainment. While Alibaba Group Holding Ltd. and upstarts like ByteDance Ltd. are challenging its position, Tencent continues to serve the country’s largest user base and dominate in gaming, the most profitable class of smartphone app.

The company is set to report third quarter results on Nov. 12. Its net income is expected to grow 45% following a prior-year decline, with revenue projected to rise 28% from a year earlier, according to the consensus estimates of analysts tracked by Bloomberg. The stock has the most buy recommendations among all companies listed only in Hong Kong and no analyst has a sell rating on

05
Oct
2020
Posted in website

Love autumn? This website is looking to pay 3 people to test out fall candles

If you love autumn, this may be your dream job.

Lifestyle platform Wishlisted.com says it’s looking to pay three fall fanatics to put their sense of smell to work, testing out different candle brands and scents.

The three people chosen will receive $250, a cozy blanket, an assortment of candles based on their preferences, and a $50 Starbucks gift card for all the pumpkin spice lattes they want.

The website says you’re the perfect fit if you love candles, are obsessed with fall, have strong opinions, can receive deliveries of multiple packages, are over 18 years old and are a U.S. resident.

“At Wishlisted, our goal is to provide people with the best resources to help them make the most of this fall season,” said Dayne Ford, Founder and CEO of Wishlisted.com. “And since this year will be a bit different from years past, given the effects of COVID-19, we want to give people the joyful feeling of fall from the comfort of their own homes. This contest allows three lucky winners to earn money simply by smelling candles – they will tell us what they think is best and we will turn that into content that all of our readers can enjoy.”

If you’re interested in this unique job, you can apply here by submitting your information and explaining why you’re the perfect person to take on the task.

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04
Oct
2020
Posted in programming

Ignite your kid’s love of programming for 50% off at codeSpark

codespark

codeSpark

It’s true that it’s almost never too early to help your kids learn to code. codeSpark is an app that teaches the rudiments of programming to kids starting as young as 5 years old thanks to a wealth of games and activities that don’t even require reading skills. For the month of October, you can start a subscription to codeSpark Academy for 50% off — $5 for the first month — when you use promo code TREAT50

codeSpark is available for Android and iOS devices and plays great on a tablet, but you can also sign into the academy in any web browser. It includes over 1000 activities, and every game teaches fundamental coding concepts, which can help them grasp the logic of programming, math and reading skills. codeSpark says that the activities have been carefully designed with gender-neutral characters and an interface that doesn’t require any reading, so it’s great even for very young kids.

As they progress, kids can use codeSpark Academy to design and build their own interactive games that they can play and share with others. And you get regular email updates that keep you informed about what your kids have done and what skills they’re learning.

October is a good time to sign up for a trial. Not only is the first month just $5, but there are special Halloween-themed activities sprinkled through the app as well. 


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