We closed two trades today from the AST Swing Portfolio.
HIMS 0.00%↑ - added at the start of October
SCHW 0.00%↑ - added back in August
That makes two large trades to start Q4 for that portfolio and bigger for some who take the report and structure it differently.
SCHW 0.00%↑ - was subject to the X accounts (usually anonymous) who engagement farm (meaning they tweet nonsense and sensationalist stuff) so they can get likes/retweets. I explained this idea in the report and on X (sometimes in colorful language) to drive the point home.
Schwab has a bank, yes, they had losses from their HTM portfolio. However, that is just one part of the ENTIRE company.
It’s the same crowd that does pseudo analysis such as “The transition from TD To SCHW 0.00%↑ sucks, the stock sucks” which there was no shortage of.
And yes, they were right, the bank had an issue - but, it was fixed in fact they discussed it here.
This idea that their board and some of their largest investors (and there are many) would allow a legacy brand like this to fail because of one arm is just asinine on every level, at worst, they could have/could spin it out into it’s own entity.
26% of their 2023 gross revenues came from the Advisory services business (Wealth management, custodian, financial advisors etc) and that will only grow.
I am out of both SCHW 0.00%↑ and HIMS 0.00%↑ equity as of today but still own options that are DITM for January.
Congratulations to all of the readers of this report and an extra thank you for those of you that Re-tweet and share my work with others.
If you’re still not a subscriber, you can start your membership here.
Dan