Stock Talk With CK

 Wolfspeed, Inc. (WOLF)- Wolfspeed is one of my smaller holdings and the main reason I invested in this company is the competitive advantage. The company is leads the market for worldwide adoption of its Silicon Carbide and gallium nitride (GaN) technologies. I want to note that this investment carries a lot of risk with it as the company has been very volatile from the beginning. I am holding this for the long-term with hopes that the company will keep up its innovation and maintain the market lead. The quarter did not look too bad, however the margins looked to slim down a little bit. The company also reported a loss. The outlook was pretty weak in my eyes. However, the revenue target for FY 2024 would assume some nice growth if they are able to execute their ramp plan. Wolfspeed is trading lower in the after hours, but I am not too worried. I am not going to add, I am going to hold my position and keep following closely. Meta Platforms, Inc. ($META)- Meta is absolutely soaring in th

  What Is Going On With First Republic Bank?         First Republic Bank reported earnings after the closing bell this afternoon. The top line and bottom line actually had some phenomenal beats. However, it was some other mentions in the release that caused the stock to plummet in the after hours. These statements have left a lot of investors questioning of what the future actually looks like for this bank. I just want to take a moment to address my last post, if you have not read that yet, I would highly recommend reading that before you dive into this one (link at the bottom of this post). I go deep into what exactly is happening in the banking world. This will guide you into things that I am going to talk about in this post.     First Republic Bank is located in San Francisco, California and started in 1985. They mainly focus on metropolitan customers in the United States. Neal Holland is the company's CFO and had a couple of words to say. He said due to the closure of some bank

 Welcome Back     I just want to start our by saying that I apologize to all of my stock talkers. I have been really bad at getting out these weekly reports over the past month or so. I am hoping to pick back up on providing you information. So where did I go? I was not writing to you guys for a good reason. I decided to pick up an internship at a public accounting firm over the past 4 months. I was doing tax work and let me tell you, the tax season is no joke when it comes to preparing and getting out returns. The time flies by when you are working and doing something you enjoy a ton. I had a wonderful experience and unfortunately I had to give up writing blog posts for the time I was busting out tax returns. I decided to write a little blog to let you know where I have been and also want to provide my opinion on a huge topic currently swarming the economy.  What is going on with the banks?     If you haven't heard yet, then you probably have no access to the news, but a bank coll