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    Friday, November 9, 2018

    Fed leaves rates unchanged Investing

    Fed leaves rates unchanged Investing


    Fed leaves rates unchanged

    Posted: 08 Nov 2018 11:00 AM PST

    Disney beats earnings estimates. $1.48 EPS ($1.31 estimated). 14.31 Billion Revenue (13.8 estimated)

    Posted: 08 Nov 2018 01:12 PM PST

    Yelp drops more than 26% after reporting Q3 earnings.

    Posted: 08 Nov 2018 01:25 PM PST

    https://www.cnbc.com/2018/11/08/yelp-tanks-after-announcing-third-quarter-earnings.html

    The article is just one line for now but I think they will update this page later on.

    submitted by /u/jamesh773
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    I Read The News So You Don't Have To - Market News (Nov. 08, 2018)

    Posted: 08 Nov 2018 04:28 AM PST

    UNITED STATES

    • The market sprung 2% following the midterm elections with the VIX deeply dropping off
      • Healthcare stocks may benefit with Democrats in control of the House and Medicaid expanding in Idaho, Nebraska, and Utah
    • The 10-year treasury yield is back up near multiyear highs
    • New mortgage applications have continued their downward spiral
    • Expect a pullback this morning, futures are down ahead of the Feds latest policy announcement at 2PM today
    • Support for marijuana legalization continues to trend upward with over half of Republicans now in favor, up from a third just 4 years ago. Nearly 80% of Democrats support it, up from two thirds 4 years ago.

    OTHER

    • Robyn Denholm replaced Elon Musk as Chairman of Tesla
    • The sell-off in oil continues and the US stockpile of oil is on the rise again
    • Industrial production in Germany improved slightly (Actual 0.8% | Expected 0.5%)
    • The European Commision released forecasts for the eurozone in 2019
      • Growth is predicted to slow from 2.1% to 1.9%
      • Q3 GDP growth was at its slowest rate since 2014

    CHINA

    • Exports were a pleasant surprise (Actual 15.6% Expected 11.7%)
      • Probably because companies were rushing to ship orders before tariffs hit
      • But a cheaper yuan and diverse trading partners outside of the US also helped
    submitted by /u/ogordained
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    Investors sue 16 banks in U.S. over currency market rigging

    Posted: 08 Nov 2018 07:32 AM PST

    From the reuters source:

    The banks being sued are: Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, Japan's MUFG Bank, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Standard Chartered and UBS. ...

    The plaintiffs in Wednesday's lawsuit accused the banks of violating U.S. antitrust law by conspiring from 2003 to 2013 to rig currency benchmarks including the WM/Reuters Closing Rates for their own benefit by sharing confidential orders and trading positions.

    submitted by /u/goodDayM
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    Markets: Quote of the week

    Posted: 09 Nov 2018 02:43 AM PST

    Russia and Saudi Arabia have increased their oil production to record levels in recent months. Commenting this situation, Iran's representative to OPEC Hossein Kazempour Ardebili said:

    "The two have to cut. The minimum they have to cut is 1 million barrels a day."

    Later, US weekly data on Crude Oil Inventories and supply showed record rates of production that additionally put pressure to Crude Oil prices.

    submitted by /u/FxProNews
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    Noob question but why does this popular advise contradict each other

    Posted: 09 Nov 2018 12:37 AM PST

    Okay, I've heard people say let your winners run and cut your losses quick meaning set stop losses and let winners go up as much as possible.

    I've also heard people say buy the dip and take profits meaning if you have something that's going down buy more and when you make profit take it.

    They both seem smart but which one should you follow it's literally two exact opposite strategies.

    submitted by /u/BlueCurtainsDrive
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    TSLA downside puts very bid. Why?

    Posted: 08 Nov 2018 07:34 PM PST

    TSLA middle dated (Jun 2019) downside (150 strike and lower) puts are worth a lot and trade at a very high vol relative to atm options and calls.
    I assume that some of this has to do with the bonds trading at a large discount, but these just seem incredibly overpriced.
    For instance the June 2019 100 puts are trading for $4 with the stock $350. It seems like they're mostly through the woods on the sec investigations and they appear to be able to generate enough cash flow to where bankruptcy risk should be lower, but these are still incredibly pricey.
    I'm short a fair amount of the puts already, but it feels too good to be true. Is owning the bonds that much better than selling these where the bondholders can buy these and lock in a profit? Anything else I'm missing?

    submitted by /u/Throwaway35756505
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    Fidelity - Cash

    Posted: 08 Nov 2018 08:01 PM PST

    What are you guys holding your cash in retirement accounts? FDRXX seems to be default for Fidelity. Any better options out there as rates rise?

    submitted by /u/_buscemi_
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    5 nations now demanding Mark Zuckerberg testify on Facebook's data misuse

    Posted: 08 Nov 2018 05:01 AM PST

    Papa Johns (PZZA) swings to a loss as embattled pizza chain spends millions to repair tarnished image

    Posted: 08 Nov 2018 06:26 AM PST

    https://www.cnbc.com/2018/11/06/papa-johns-2018-q3-earnings.html

    Papa Johns aka the year one business school case study that also sells pizza

    submitted by /u/spedmunki
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    In a flat market like this you can clearly see how much money the bank is taking from you

    Posted: 08 Nov 2018 10:08 PM PST

    This happened to me in 2015/2016 as well.

    In a flat market like this, you can see quite clearly how much money your financial institution takes from you.

    Rising markets like 2017 tend to hide the 'theft' and if you have a 401(k) which gets additional deposits every pay period, that can hide the 'theft' too.

    But in a market which is flat all year, like this year, you will notice that your money is mysteriously down by three percent. i.e. if you had 100,000 at the beginning of the year, at the end you will have 97,000.

    What happened?

    Where did the three percent go?

    (a) Expense Ratios. Advisors like to hide your money in "funds" and each fund takes away a fraction of your money, "expense ratios", so that Wall Street people can keep getting their multimillion dollar salaries. The expense ratios are usually around 0.8 or 0.9 percent but can go as high as 1.5 percent.

    (b) Active-management fees. Yes, you knew this when you signed the documents, the banker himself takes from 1 to 1.5 percent of your money, for all that "work" he has to do buying the aforementioned funds, which can be done with three mouseclicks if you have access to the right screen.

    === === ====

    So, yes, I'm grumpy about it. Please upvote this post to spread the word. The more people know this stuff in advance, the better.

    submitted by /u/vvvelaxtrummm
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    Daily advice thread. All questions about your personal situation should be asked here

    Posted: 09 Nov 2018 04:04 AM PST

    If your question is "I have $10,000, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer

    • How old are you?
    • Are you employed/making income? How much?
    • What are your objectives with this money? (buy a house? Retirement savings?)
    • What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
    • What are you current holdings? (Do you already have exposure to specific funds and sectors?)
    • Any other assets? House paid off? Cars? Expensive girlfriend? (not really an asset)
    • What is your time horizon? Do you need this money next month? Next 20yrs?
    • Any big debts?
    • Any other relevant financial information will be useful to give you a proper answer.

    Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions!

    submitted by /u/AutoModerator
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    Netflix to release three films in theaters ahead of online debut

    Posted: 08 Nov 2018 11:52 PM PST

    link. Thoughts on Netflix being pretty much a studio company like Disney. Seems like they'll be doing this more often, not just these 3 movies.

    submitted by /u/dnesdnal17
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    ATVI beats earnings estimate and is down over 10% in after hours trading

    Posted: 08 Nov 2018 01:36 PM PST

    Am i missing something?

    submitted by /u/failture
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    Recommendations for good books about investing?

    Posted: 08 Nov 2018 08:34 PM PST

    Hey r/Investing!

    I am trying to grow my knowledge about investing, and am looking for some recommendations on books you guys have read. There are so many books written on this topic so I figured i would get some recommendations! Thanks!

    submitted by /u/nwcameron9
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    Anyone out there believe there won't be a recession for a long time? (5+ years)

    Posted: 08 Nov 2018 08:37 AM PST

    What's your reasoning for it?

    submitted by /u/PM_sweaty_socks
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    P&G to restructure company as maker of Gillette razors simplifies business units

    Posted: 08 Nov 2018 01:50 PM PST

    US crude falls into bear market as growing oil output points to oversupply

    Posted: 08 Nov 2018 06:42 AM PST

    Losing sleep over GE

    Posted: 08 Nov 2018 09:38 AM PST

    What are your guys perspectives? I started investing in GE back in 2015 when it was trading around $23-25 and it seemed like a solid position! It was/ is a great company with a healthy dividend and growth was looking decent. Then spring of last year everything dimished rapidly, I have literally lost 60% (unrealized) and am kicking myself in the tail for not jumping ship when it was dropping to the high/mid teens. I kept telling myself I will hold and let the DRIP chip away at some of the cost basis, but now with the div payout being 0.01 that doesnt even give me any comfort. I have postions in other companies, so my eggs are not all in this basket, but just seeing that BIG RED -XXXX in my portfolio makes my stomach turn. Any advice or tips to get through this? All the research I have done has led me to believe GE is rock bottom at this point and the only real option is up at this point, but a part of me just wants to count my loses and hope I can make it back in another way through another investment. I have faith in Culp, but then again I was a fan of Flannery, a part of me feels like this could be my "road to riches"(relative) or my biggest investment mistake...

    submitted by /u/DateBack
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    Are private equity funds all technically fund of funds? Since a PE fund will typically (if not always) invest in a variety of fund categories.

    Posted: 08 Nov 2018 08:44 PM PST

    Short XLU?

    Posted: 08 Nov 2018 08:35 PM PST

    I feel like utilities caught a defensive bid in the last few weeks and underperformed. With markets normalizing I think the recent buyers could sell/rotate out.

    submitted by /u/Throwaway35756505
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    Ideas for 2019 - 2020

    Posted: 08 Nov 2018 11:46 AM PST

    Usually towards end of bull market, money flows from growth to value. What do you guys think about pepsi, ko, mcd? Inflation will push middle class into these I think.

    submitted by /u/Jungleking12000
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