Bob Sacamano
Footballguy
Top line beat
Bottom line beat
Raised forward guidance
I think they're gaining market share?
Still not really cheap, but a market leader gaining market share...
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Stock Thread (25 Viewers)
- Thread starter St. Louis Bob
- Start date
Bottom line beat
Raised forward guidance
I think they're gaining market share?
Still not really cheap, but a market leader gaining market share...
FreeBaGeL
Footballguy
Speaking of taxes, I just got accepted to the Amazon Vine program (where they send you products to review) and found out that I have to pay income tax on the items they send me. The IRS views the value of that item as income. So if Amazon sends me a pair of Airpods to review I have to report it to the IRS as $200 of income. That seems incredibly stupid. Can we do something about that while we're at it 
Cowboysfan8
Footballguy
I may be wrong here, but I always assumed most if not all servers fibbed when reporting their tips
Capella
Footballguy
FreeBaGeL
Footballguy
I don't know anything about the field but I'm assuming that's harder to do in modern times where tips are paid mostly with a credit card rather than cash.
jwb
Footballguy
Speaking of taxes, I just got accepted to the Amazon Vine program (where they send you products to review) and found out that I have to pay income tax on the items they send me. The IRS views the value of that item as income. So if Amazon sends me a pair of Airpods to review I have to report it to the IRS as $200 of income. That seems incredibly stupid. Can we do something about that while we're at it
You won't have to worry about $200 airpods for awhile - they start you off small (Vine member for like 2 years now). I love Vine - I always go there first when I want/need something. Many times they have a free one for me. I think if it's under $600 for the year, you don't have to declare anything? I could be wrong.
General Malaise
Footballguy
Speaking of taxes, I just got accepted to the Amazon Vine program (where they send you products to review) and found out that I have to pay income tax on the items they send me. The IRS views the value of that item as income. So if Amazon sends me a pair of Airpods to review I have to report it to the IRS as $200 of income. That seems incredibly stupid. Can we do something about that while we're at it
A home office deduction should cover most of it. Toss the income on a Schedule C and then just nickel and dime deductions until it's equal to the product received, if you want to get real crazy create a loss to offset some of your normal income and now you're actually paying less in taxes to receive free product from Amazon.
Taxes are cool! Stay in school, kids.
This guy taxes!
FreeBaGeL
Footballguy
I believe under $600 they don't send the 1099-NEC tax form, but you're still supposed to report it.
Already deduct the home office for my actual business.
Regardless I was just mentioning how it seems dumb, from a principle standpoint, that the IRS sees that as taxable income. Much dumber than tips or overtime which actually are income.
General Malaise
Footballguy
Ruh Roh Raggy.....
Weak treasury auction?
Weak treasury auction?
The_Man
Footballguy
This is undefeated as a counter-indicatorI'm going back in. s&p 500
50/50
or
2/3 in and 1/3 out?
Sparky Polastri
Footballguy
Was told not to worry about bonds a week or two ago when I brought them up.
Desert_Power
Footballguy
Seems logical to me at least.
Klarna CEO Sebastian Siemiatkowski said the company has managed to shrink its headcount by about 40%, in part due to investments in artificial intelligence and natural attrition in its workforce.
“The truth is, the company has shrunk from about 5,000 to now almost 3,000 employees,” Siemiatkowski told CNBC’s “Power Lunch” on Wednesday. “If you go to LinkedIn and look at the jobs, you’ll see how we’re shrinking.”
The Swedish fintech provider has been outspoken about its aggressive adoption of AI tools across the company, while touting the productivity gains that have come along as a result. The company deployed an “AI-generated version” of Siemiatkowski to announce its third-quarter results last year to demonstrate that AI could automate many jobs.
Klarna partnered with ChatGPT maker OpenAI in 2023 and launched an AI customer service assistant using its technology a year later. The company said last year that AI was doing the work of 700 customer service agents.
Klarna’s headcount fell from 5,527 full-time employees as of the end of December 2022 to 3,422 staffers last December, according to the company’s IPO prospectus filed in March. The company attributed the reduction to its efforts to leverage AI and lower its overall headcount, adding that it expects headcount to continue to fall over time.
Siemiatkowski said the headcount reduction wasn’t solely due to AI, but also because of attrition.
“We have simply communicated to our employees that what we’re going to do is we’re gonna shrink, so we’re going to stop hiring,” Siemiatkowski said Wednesday. “Natural attrition in a company like ours is 15-20% per year, so we shrink naturally 15-20% by people just leaving.”
Klarna, which provides buy now, pay later loans, told Bloomberg TV last December it stopped hiring in 2023 at the same time that it ramped up AI use among its ranks. However, even after it announced a hiring freeze, the company continued to advertise open roles, TechCrunch reported. It’s currently hiring for 10 roles, primarily in Europe.
Siemiatkowski said in a separate Bloomberg interview last week that the company will soon look to recruit more human customer service agents to work “in an Uber type of setup.” He acknowledged a full tilt toward AI-based support roles resulted in lower quality work.
Klarna’s long-awaited IPO was expected early this year after the company filed its prospectus in March. But President Donald Trump’s sweeping tariff announcement in early April roiled markets, leading Klarna and other companies, including ticket marketplace StubHub and stock trading app eToro, to delay their offerings.
With the market having stabilized in recent weeks, IPOs are again on the calendar. EToro debuted on Wednesday, and its stock popped even after the company priced above the expected range. Fintech company Chime Financial filed its prospectus on Tuesday. And digital health company Hinge Health is on tap to go public next week.
“The truth is, the company has shrunk from about 5,000 to now almost 3,000 employees,” Siemiatkowski told CNBC’s “Power Lunch” on Wednesday. “If you go to LinkedIn and look at the jobs, you’ll see how we’re shrinking.”
The Swedish fintech provider has been outspoken about its aggressive adoption of AI tools across the company, while touting the productivity gains that have come along as a result. The company deployed an “AI-generated version” of Siemiatkowski to announce its third-quarter results last year to demonstrate that AI could automate many jobs.
Klarna partnered with ChatGPT maker OpenAI in 2023 and launched an AI customer service assistant using its technology a year later. The company said last year that AI was doing the work of 700 customer service agents.
Klarna’s headcount fell from 5,527 full-time employees as of the end of December 2022 to 3,422 staffers last December, according to the company’s IPO prospectus filed in March. The company attributed the reduction to its efforts to leverage AI and lower its overall headcount, adding that it expects headcount to continue to fall over time.
Siemiatkowski said the headcount reduction wasn’t solely due to AI, but also because of attrition.
“We have simply communicated to our employees that what we’re going to do is we’re gonna shrink, so we’re going to stop hiring,” Siemiatkowski said Wednesday. “Natural attrition in a company like ours is 15-20% per year, so we shrink naturally 15-20% by people just leaving.”
Klarna, which provides buy now, pay later loans, told Bloomberg TV last December it stopped hiring in 2023 at the same time that it ramped up AI use among its ranks. However, even after it announced a hiring freeze, the company continued to advertise open roles, TechCrunch reported. It’s currently hiring for 10 roles, primarily in Europe.
Siemiatkowski said in a separate Bloomberg interview last week that the company will soon look to recruit more human customer service agents to work “in an Uber type of setup.” He acknowledged a full tilt toward AI-based support roles resulted in lower quality work.
Klarna’s long-awaited IPO was expected early this year after the company filed its prospectus in March. But President Donald Trump’s sweeping tariff announcement in early April roiled markets, leading Klarna and other companies, including ticket marketplace StubHub and stock trading app eToro, to delay their offerings.
With the market having stabilized in recent weeks, IPOs are again on the calendar. EToro debuted on Wednesday, and its stock popped even after the company priced above the expected range. Fintech company Chime Financial filed its prospectus on Tuesday. And digital health company Hinge Health is on tap to go public next week.
Desert_Power
Footballguy
Not sure what is going on out there as I'm busy with work, but my favorite indicator (3 year SOFR swap spread) appears to have taken a big boop down.
fruity pebbles
Footballguy
30 year comfortably over 5% was always going to be a pucker moment
fruity pebbles
Footballguy
He should be opposite GeorgeThis is undefeated as a counter-indicatorI'm going back in. s&p 500
50/50
or
2/3 in and 1/3 out?
Todem
Footballguy
Not on my master list…..still not fully in at all. But still watching
Are you talking about Treasuries? Munis? Corporates? Senior floating rate?
What are you worried about specifically.
Todem
Footballguy
As I was saying….he is my sure fire tell a correction or gyration whatever you want to call it….Is coming lol.This is undefeated as a counter-indicatorI'm going back in. s&p 500
50/50
or
2/3 in and 1/3 out?
Todem
Footballguy
Long term PEP is a value here.
By year end 2025 they have a goal of eliminating all artificial colorings.
16 times forward earnings, 4.3% healthy dividend.
A highly defensive, boring dividend payer.
I am a buyer here.
Sand
Footballguy
What in the blue blazes is this?
Sand
Footballguy
I like the idea of shorting them. Why? Because they deserve the pit of despair and schadenfreude is fun.
ghostguy123
Footballguy
Yeah, when they used to get actual cash.
Business with tipped employees are just gonna pay them less now though most likely
The Z Machine
Footballguy
Can they charge their employees for the opportunity to earn tax free tips?
Redwes25
Footballguy
Swapping floating rate SOFR to a fixed rate based on current SOFR rate for 3 years. The spead is basically the premium you have to pay to get the fixed rate. SOFR is the benchmark floating rate that replaced LIBOR and it measure the rate for borrowing cash overnight secured by U.S. Treasury securities.
Not sure exactly what he is using for other than a measure of interest rate risk. Imagine it got lot more expensive to swap to fixed from floating.
Dezbelief
Footballguy
Pole dancers pay the house for the privilege of getting on stage. Cosmetologists pay rent on their workstations.
McBokonon
Footballguy
This didn't help me at all.
Redwes25
Footballguy
Basically how much it costs to convert a floating rate instrument to a fixed rate instrument for 3 years.This didn't help me at all.
Desert_Power
Footballguy
Yes. It is just interesting how negative these have been dipping across the curve. 30 year with some big tumbles the last few days back to 4/21-4/22 levels.Basically how much it costs to convert a floating rate instrument to a fixed rate instrument for 3 years.This didn't help me at all.
General Malaise
Footballguy
You mean like a strip club?
Sparky Polastri
Footballguy
I'm not "worried". I pointed out a couple weeks ago where the bond market was going and the potential problems associated with that path. We're seeing those problems slowly appear. This country required people to buy our debt. When they don't have confidence in our debt, they aren't going to buy it. Weakening dollar, decreased financial stability and higher borrowing costs (contributing more and more to debt) are a result.
General Malaise
Footballguy
Gold and silver had nice days.
Todem
Footballguy
Two things…..last time I looked it’s “Our Country” not “This” Country.
Secondly….it was one auction.
We are the best bet on this planet.
Bar none.
Last edited:
General Malaise
Footballguy
What I know about debt and bonds and yields could fit in a thimble but wasn't this an auction for 20-years, aka the $2 dollar bill of Treausuries?
Todem
Footballguy
That is correct for $1000
Again the market getting it's panties in a bunch over headlines. Not fundamental facts.
What if no one wants to buy our debt anymore? (that is not happening)
What if the GOP bill does not pass? (again that is also not gonna happen...it will get passed by July)
What about this deficit.
No one was talking about this deficit for 20 years........now it's finally front and center....until it won't be. They keep kicking this can down the road and refinancing the debt......because we pay our debts here. Been this way for as long as all of us have been alive.
Look.....I think some in here honestly totally get it and have figured out how you play in this playground both in the short and long term.
I will leave the mass hysteria.....to the masses.
I will always be a contrarian when it comes to investing. It has never failed me in my life. Patience, fortitude and a strong stomach. You have those things you will be prosperous. If you don't....stay 100% in CD's and money markets and let the adults swim in the deep end of the pool. We are doing just fine.
General Malaise
Footballguy
Sometimes, stonks go down.
When they do. Buy.
Because in time, stonks go up.
So simple, a caveman could do it.
When they do. Buy.
Because in time, stonks go up.
So simple, a caveman could do it.
Desert_Power
Footballguy
Less focused on interest rate risk and more about looking for signals of how liquidity is moving through the system. How constrained are bank/dealer balance sheets? Who is absorbing net issuance of UST?
I think the UST-SOFR somewhat captures this dynamic. Obviously the interbank market that we used to see in LIBOR is long dead so this all flows through repo. USD moves vs Asian currencies another point of focus.
St. Louis Bob
Footballguy
Happy we had a pull back. It sounds awesome to have the markets rebound and go straight up but it's not sustainable. Not to mention (IMO) stocks in general get right back to the overvalued territory.
Let's go up slowly, figure out these stupid tariffs, and give earnings a chance to catch up.
Let's go up slowly, figure out these stupid tariffs, and give earnings a chance to catch up.
Dezbelief
Footballguy
Revealed: UnitedHealth secretly paid nursing homes to reduce hospital transfers
A Guardian investigation finds insurer quietly paid facilities that helped it gain Medicare enrollees and reduce hospitalizations. Whistleblowers allege harm to residents
fatness
Footballguy
Did you intend that for the US Health Care thread?Revealed: UnitedHealth secretly paid nursing homes to reduce hospital transfers
A Guardian investigation finds insurer quietly paid facilities that helped it gain Medicare enrollees and reduce hospitalizations. Whistleblowers allege harm to residentswww.theguardian.com
Dezbelief
Footballguy
I posted it there too. A few posters have mentioned their stock in here.Did you intend that for the US Health Care thread?Revealed: UnitedHealth secretly paid nursing homes to reduce hospital transfers
A Guardian investigation finds insurer quietly paid facilities that helped it gain Medicare enrollees and reduce hospitalizations. Whistleblowers allege harm to residents
The Z Machine
Footballguy
Guess so, yeah. I could see high end restaurants that generate large tips might go this route since the servers just got a bump in pay.
The Z Machine
Footballguy
You bringing in any bond funds to your master list? Or is that list all long term plays and there are other short term plays that include bond market fluctuations?
Todem
Footballguy
That’s my all equity portfolio.
I am not going to get into specifics of my exact bond fund holdings. But I can at some point post the allocations and style boxes I use.
culdeus
Footballguy
L
It's a sneaky meme stock in wsb
I posted it there too. A few posters have mentioned their stock in here.Did you intend that for the US Health Care thread?Revealed: UnitedHealth secretly paid nursing homes to reduce hospital transfers
A Guardian investigation finds insurer quietly paid facilities that helped it gain Medicare enrollees and reduce hospitalizations. Whistleblowers allege harm to residents
It's a sneaky meme stock in wsb
McBokonon
Footballguy
Well, they’re down 6.5% in the premarket. Hope you did it!
He's supposed to be making people money...
