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    Tuesday, October 1, 2019

    Stock Market - Schwab to drop commissions on U.S. stock, ETF and options trades, slamming online broker stocks

    Stock Market - Schwab to drop commissions on U.S. stock, ETF and options trades, slamming online broker stocks


    Schwab to drop commissions on U.S. stock, ETF and options trades, slamming online broker stocks

    Posted: 01 Oct 2019 07:15 AM PDT

    Charles Schwab Corp. shares SCHW, -8.34% fell sharply in premarket trade Tuesday, after the company said it is planning to drop commission on U.s. stocks, ETFs and options effective Oct. 7. The company said the decision to remove "the final pricing barrier to investing online" comes at the publications of Chuck Scwhab's new book, 'Invested.' "From day one, my passion has been to make investing easier and more affordable for everyone," Schwab said in a statement. "Beginning October 7, every Schwab client can trade U.S. stocks, ETFs and options commission-free. Eliminating commissions ensures my ultimate vision is realized -- making investing accessible to all." Schwab currently charges clients $4.95 per stock, ETF and option trade. The new service comes with no minimum account size. The news sent shares of rivals sharply lower ...

    https://www.marketwatch.com/story/schwab-shares-slide-premarket-after-news-it-will-drop-commissions-on-us-stock-etf-and-options-trades-2019-10-01

    submitted by /u/LightningPlus
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    Tesla is buying computer vision start-up DeepScale in a quest to create truly driverless cars

    Posted: 01 Oct 2019 08:06 PM PDT

    https://www.cnbc.com/2019/10/01/tesla-acquiring-deepscale-computer-vision-start-up-for-self-driving.html

    Tesla is acquiring computer vision startup DeepScale, CNBC has learned.

    Forrest Iandola, the startup's CEO, has joined Tesla as senior staff machine learning scientist.

    DeepScale could help fill the gap left by the departure of several Autopilot engineers who reportedly left over the summer.

    submitted by /u/coolcomfort123
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    Stock trading learner

    Posted: 01 Oct 2019 08:57 PM PDT

    Hello,

    I am an interested stock market to-be trader, and I would like to know what tips and tricks you experienced traders have. I have started trading in the paper market with Webull, and would like to know a lot of thinks like what patterns to spot on the market, how to know if a company is going to be doing well, what kinds of stocks to invest in (I only know of ETF's, and that they are pretty safe to invest in) and what advantages each brings to the respective table. I know this is a lot for just a beginner to know about, but all these questions answered will really help me learn the stocks later, when I'm ready to spend real money on it! Thanks in advance!

    submitted by /u/memewulf
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    The first 14 firms to report Q3 earnings have seen their Q4 estimates crater.

    Posted: 01 Oct 2019 06:01 PM PDT

    Q3 earnings season will pickup later this month, but a few firms have already reported their results. For context, as of September 27th, Q3 EPS growth was expected to be -1.55% according to The Earnings Scout. To be clear, that doesn't mean growth will be negative because firms usually beat EPS growth by around 3%. The consensus for Q4 growth, which we must follow the closest, is 6.01%. This estimate will fall in the next 3 months. The velocity of this decline during Q3 earnings season is pivotal.

    As you can see from the table below, the first 14 firms to report Q3 results have had big declines in their Q4 EPS estimates.

    Earnings season so far

    The average estimate change was -4.37%. These same 14 firms only had their Q3 estimates decline 1.48% after reporting their Q2 results. Q4 estimates are higher than Q3 estimates were which means they have further to fall. However, Q4 also faces much easier comps. We will be watching to see if weak economic growth leads to weak guidance. If estimates continue falling this much, stocks will fall in October and November.

    If This Continues Stocks Will Fall In October

    submitted by /u/AlexPitti
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    Budweiser APAC surges about 4% in its IPO, the second biggest debut in 2019

    Posted: 01 Oct 2019 05:06 PM PDT

    Hello, everyone. So, I was thinking about using/making a program to buy/sell automatically in the Brazilian stock market (Ibovespa). Does anyone here know how could I do this? Obs: I would like to do it in a free way, in order not to trouble any profits that I would have. Thanks!!

    Posted: 01 Oct 2019 10:00 AM PDT

    r/StockMarket October 2019 Stock Picking Contest Google Sheet is now LIVE!

    Posted: 01 Oct 2019 05:30 AM PDT

    Interactive Brokers Introduces Free Stock Trading

    Posted: 01 Oct 2019 09:03 AM PDT

    $INND Great action today. Looks like Kiosks are rolling out. 200k slap earlier, and now the ask on L2 is thin. About TIME!

    Posted: 01 Oct 2019 07:59 AM PDT

    Been holding this for MONTHS. Finally some life. Its always risky catching a falling knife ha.

    Should do good from here, now that we should be getting non stop news on all the kiosks rolling out, and FDA clearence supposely within 2019 (as per recent filing).

    I hate waiting, but I honestly like this company.

    submitted by /u/WarMachineStocks
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