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    Stocks - Some interesting news in the stock market this week

    November 02, 2019

    Stocks - Some interesting news in the stock market this week

    Some interesting news in the stock market this week

    Posted: 02 Nov 2019 04:00 AM PDT

    Lots of news this week with earnings season in full swing as well as a few other controversial developments. I am going to start with the large caps before moving on to smaller companies and have tried to categorize them as much as possible for those who prefer to dip in and out.

    Starting with the big caps, Alphabet reported strong Q3 earnings on Tuesday before proceeding to buy Fitbit on Friday for $2.1 billion (70% above the pre-rumour price). The earnings report however got a more negative reception due to losses on equity holdings (probably Uber) impacting Alphabet's net profitability by almost $3 billion. Excluding these items revenues were up 20% and core earnings up 17% resulting in an encouraging continuation of the strong growth reported in Q2. The stock closed on Friday with an attractive trailing PE of 27.33 (or 23.9 when adjusted for net cash of $144 million).

    There was some good news for Johnson & Johnson on Tuesday as they reported that independent testing had confirmed that there was no asbestos in the Baby Powder that had been recalled after the FDA reported that trace amounts had been found. It was good news for J&J but the FDA was unconvinced and stood by its findings.

    Beyond Meat reported strong results after the bell on Monday with sales up 250%. However the stock price dropped sharply on Tuesday (20%) after a wave of selling followed the end of the lockup period as shareholders holding 80% of outstanding shares were allowed, for the first time, to sell and lock in some profits.

    On Wednesday Twitter announced it would ban all political advertising in a move that will probably heap pressure on Facebook to do the same. Whilst a newsworthy story it is unlikely to have a big impact on either company with Facebook potentially losing out on 0.5% of revenues next year and Twitter even less. However it should have a more positive impact for local television and radio stations who will benefit as political advertisements switch to traditional media (if anyone knows a good local media stock please let me know).

    ​

    Growth stocks (Purple Innovation, Universal Display and Teladoc)

    On Thursday the mattress manufacturer Tempur Sealy jumped 11% after revenues increase 3% and earnings 15% but in my opinion it is Tempurs rival and mattress industry disruptor Purple Innovation that would make a much better investment.

    Tempur's stock price has doubled this year and is valued at almost 2x revenues and 30x earnings which seems generous for a stock operating in a slow growing and cyclical industry. However industry disrupter Purple Innovation is growing rapidly through direct online mattress sales and is priced on just 1x sales and 25x current year estimates (15x next years).

    Purple is the second biggest "bed in a box" company, after Casper, and was founded by Utah based scientist entrepreneurs Tony and Terry Pearse after they developed and patented Hypo Elastic Polymer (HEP). HEP is reportedly "bouncy, responsive, and soft" and more like a gel than foam (for those that need more explanation see link at bottom "myslumberyard").

    This benefit has not been missed by customers and Q2 revenues reported in August were up 36%, margins were up and guidance was raised significantly with revenue of $400 million to $425 million (from $350 million to $375 million) and EBITDA of $24 million to $27 million (from $3 million to $8 million) .

    CEO Joe Megibow said "I am confident that we are well positioned to profitably capitalize on the numerous growth opportunities we believe exist for the Company in the near and long-term."

    The internet combined with the ability to ship a quality mattress anywhere in the country inexpensively has disrupted the whole mattress industry. Purple Innovation has grown quickly and executed well since it was listed in February 2018 but this has not been reflected in the stock price.

    The company is expected to report profitability for the first time this year. This should be a good catalyst to drive the stock to a higher multiple. Economies of scale and the opportunity to win share in a huge market offer great potential.

    Universal Display's stock price jumped 15% after strong results on Wednesday. The stock already had an eye wateringly high valuation but the opportunity for growth from OLED televisions is truly remarkable and, in my opinion, the optimism is justified.

    Universal Display owns more than 5,000 organic light emitting diode (OLED) patents that generate royalties from OLED manufacturers based on smart phone screen area manufactured. That screen area is increasing rapidly. The smart phone sector still has some growth left in it but the real opportunity is OLED televisions (with each 60 inch tv equating to almost 100 smart phones) which are expected to drive 150% growth over the next four years.

    Now assuming Universal Display's revenues increase by 150% and its net margin increases from 33% (yes 33% is correct) to 40%, then earnings of $400 million on a PE of 24 would just about pretty much justify the current valuation. That doesn't offer much of a cushion for investors wanting to buy in unless there are significant opportunities for growth beyond five years.

    Well there are significant opportunities. OLEDs are the most efficient way to turn electricity into light. They are flexible and can be produced in any shape and are capable of producing a softer more pleasant ambient lighting. Televisions have a long run way of growth ahead of them but lighting has not even gotten started. According to a report last year from ResearchAndMarkets, sales of OLED lighting products are set to grow at 50% p.a. to $1.4 billion by 2022. And even that's only scratching the surface. Sales are expected to increase a further fourfold by 2027.

    For me Universal Display's valuation is eye watering. It is a growth stock priced for perfection and will fall sharply with any set back. However the opportunity is huge and, with Universal Display owning the intellectual property, so is the potential upside.

    Teladoc's stock increased 14% after reporting 24% revenue growth on Wednesday but the company faces many competitors and Amazon has already dipped its toe into remote medical services.

    Teledoc uses telephone and videoconferencing technology to provide on-demand remote medical services. This is a large industry (estimated at $20bn) and growing quickly (estimated at 17% p.a.). Teladoc, with a market cap $5.5bn, is currently the best known and largest player in the sector.

    However, in my opinion, growth of 24% is not sufficient to support a valuation of 10x revenues unless the company has a significant competitive moat and clear runway to market dominance. Teladoc does not have that. There are plenty of competitors (even if none of them are listed) who are willing to offer cheaper pricing in order to chip away at Teladoc's market share. More worrying is that Teladoc's 70% gross profit margins have caught the eye of Amazon who announced the launch of Amazon Care in September. That scheme is initially being tested on a small number of Amazon employees but it is almost certain to grow and become a competitor for Teladoc.

    ​

    Value stocks (Royal Carribean and Hanesbrands)

    Royal Caribbean dropped on Wednesday after reporting its best Q3 ever. The company missed expectations by a few cents but still managed to increase earnings by 9% compared to last year. A remarkable achievement given Hurricane Dorian "the most disruptive storm in the company's history" knocked 13 cents off the total. The company issued 2019 guidance with EPS of $9.50-9.55 meaning the stock ($111.15 at Friday's close) is only trading on 11.7x current year guidance. Additionally, in an encouraging article reported by Barron's, Royal Caribbean's CEO said that he expects a "very robust 2020"

    Hanesbrands also dropped after reporting good results but managed to recover most of those losses by Friday. Constant currency sales were up 2%, earnings increased 4% and full year guidance for sales and earnings were increased to show similar growth. Sales at Hanesbrands' increasingly popular retro brand Champion increased by 25% which was less than 50% last quarter but still very encouraging.

    However, even after the stocks recovery, the trailing PE for Hanesbrands was just 9.68 at Fridays close. In my opinion the market is missing the bigger picture. Hanesbrands is a stable company with its Champion brand enjoying a retro revival. According to a Bloomberg report in April, teenage boys rank Champion among their 15 favorite brands alongside designers Gucci and Tommy Hilfiger. Such a brand surely is worthy of a much better multiple -- perhaps even 15x.

    ​

    Great company but too pricey (Moody's)

    Moody's Corporation reported a beat and raise on Wednesday with revenues up 15%, earnings up 27% and FY 2019 guidance increased from adjusted EPS $8.05 to $8.125 at the midpoint ($7.39 last year).

    Moody's is an attractive business. The largest player by a margin in the duopoly/oligopoly that is the credit rating business. Regulatory requirements are increasing, long term bond issuance is increasing (even if short term down turns continue) and investors demand either a Moody's or S&P rating (preferably Moody's). That makes it nearly impossible for new entrants.

    During the Great Recession (which caused no shortage of criticism of the rating agencies) revenues only fell briefly in 2007 before beginning their relentless march upwards again.

    However, a lot of this good news is now priced in. The stock is up 70% from year lows and, valued at 27.1x current year estimates, it is no longer the bargain it was.

    In short I think Moody's is a great company and a long term hold. But I'm going to wait for the next market wobble. I don't think that wobble will be anything as bad as 2007 but, nevertheless, I think I'll be able to pick up Moody's stock a lot cheaper.

    ​

    Speculative and high risk (Sprint and Tupperware Brands)

    Sprint Corporation, the communications company, announced last week that it will report earnings on November 4th. However for most investors the results are irrelevant and it is the prospect of a merger with T-Mobile that will ultimately decide the value of Sprint's stock.

    There are a number of commentators (such as Boost Mobile founder Peter Adderton) saying that Sprint Corporation is going to zero if the planned merger with T-Mobile doesn't get approved. On the other hand, with Justice Department approval now in place, significant progress has been made and the primary issue remaining is the multi-state anti-trust lawsuit planned to start on December 9th. Furthermore, former FCC Commissioner Robert McDowell seems to believe strongly that this attempt to block the deal will fail (see Bloomberg link at bottom of post).

    So what are the potential payoffs? Under the current offer you need 9.75 Sprint stocks to get 1 T-Mobile stock if the merger is approved. At yesterday's close you would need $61.43 worth of Sprint stock to swap for $82.47 of T-Mobile stock. That represents a potential upside of 34.3%. However, if the deal fails we are assuming, like Mr Adderton, that you get zero. On that basis, the implied probability of success of the merger is 43%.

    Those who believe that the odds of success are higher, like Mr McDowell seems to, may wish to buy in. But they should understand that they could lose the entire stake if the deal falls through.

    Tupperware Brands fell sharply on Wednesday after reporting a bad miss. Revenues fell 14% and EPS of $0.43 missed expectations by a whopping 19 cents. But with the stock down 40% this week to $9.71 (and down 85% from 2017 highs) it looks like it may now offer a (risky) opportunity.

    Tupperware's balance sheet looks okay and the lowered guidance of $1.95 (adjusted $2.80) would still be a good result for the company if it manages to deliver. Even if we assume a worse deterioration with earnings halved to $1.60 the stock still looks reasonably priced.

    The problem is challenging headwinds from economic and political concerns to declining relevance. The steps that management have taken to turn the company around don't seem to have worked. Worryingly there has been almost no indication of improvement.

    However that is usually the best time to get in to a speculative opportunity. The potential upside here is that a positive quarter or two could see the stock rise 200% approaching $30 if not higher. The downside is the stock could fall to zero.

    ​

    Disaster of the week (Grubhub)

    Grubhub dropped 43% on Tuesday after guidance for flat revenues proved that any idea that the company possessed powerful double-sided network effects with restaurants and diners was incorrect. It is a bleak assessment for the industry as a whole but hit Grubhub particularly hard given its high expectations. In short, network effects appear to be only local and that's why competitors like DoorDash, Uber Eats, Caviar, and Postmates have been able to carve out market share.

    ​

    Please feel free to "FOLLOW" me if you would like to see my regular updates during the week.

    This is not a recommendation to buy or sell. Stocks are risky and not suitable for everybody. Please do your own research.

    ​

    ​

    Link for Purple Innovation

    https://myslumberyard.com/blog/purple-mattress-topper-hyper-elastic-polymer/

    ​

    Link for Sprint merger

    https://www.bloomberg.com/news/videos/2019-10-18/t-mobile-sprint-merger-lawsuits-will-fail-ex-fcc-commissioner-says-video

    submitted by /u/InterestingNews1
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    Berkshire Profit Hits a Record as Buffett’s Cash Pile Grows

    Posted: 02 Nov 2019 06:59 AM PDT

    https://finance.yahoo.com/news/berkshire-profit-climbs-record-buffett-120912867.html

    (Bloomberg) -- Berkshire Hathaway Inc.'s operating profit jumped 14% to a record as Warren Buffett's conglomerate saw gains from its railroad and got some long-awaited earnings from Kraft Heinz Co.

    Operating earnings climbed to $7.86 billion in the third quarter as investment income rose and Berkshire's reinsurance group had the first underwriting profit in more than a year despite losses from a Japanese typhoon. Revenue climbed 2.4% on increases from the company's insurers and manufacturing businesses.

    The results pushed Buffett's cash pile to a record $128 billion, even as he completed a $10 billion investment in Occidental Petroleum Corp., his chunkiest purchase in more than year. Aside from that deal, Buffett was a net seller of stocks in the quarter and bought back less of Berkshire's own shares than some analysts expected, raising more questions over how long the legendary investor will wait to use his dry powder.

    submitted by /u/coolcomfort123
    [link] [comments]

    Wall Street Week Ahead for the trading week beginning November 4th, 2019

    Posted: 02 Nov 2019 07:57 AM PDT

    Good Saturday morning to all of you here on r/stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.

    Here is everything you need to know to get you ready for the trading week beginning November 4th, 2019.

    It's getting to be the best time of year for stocks, and the Dow could soon set a new high - (Source)

    As November unfolds, stocks should continue to make gains in one of the best months of the year for the market, and it's very likely the Dow will soon join other indexes in setting new highs.

    The S&P 500 and Nasdaq both traded in record territory in the past trading week, boosted by some better economic news, a better-than-expected earnings season, and hopes that trade talks will soon lead to a first-phase deal between the U.S. and China. On Friday, China said it reached a consensus with the U.S. in principle after a phone call among high-level negotiators.

    Analysts say stocks could follow the seasonal trends higher, barring problems in trade talks. The market is starting the best three months of the year historically, and it has a few catalysts in the week ahead. There are a number of economic reports, the most important of which will be the ISM services PMI on Tuesday.

    Third-quarter earnings season continues, with about 80 S&P 500 companies reporting, including media companies Disney and News Corp. and chipmaker Qualcomm.

    Top months ahead for stocks

    November is the third-best month for the S&P 500, which has been higher two-thirds of the time since World War II with an average 1.3% gain, according to CFRA. As good as November has been, December is even better, and as the No. 1 month, it is up 76% of the time with an average 1.6% gain. November, however, is the month that has seen the most new highs for the S&P, on a percentage basis, according to CFRA.

    "Investors likely remain too skeptical on the impact of Brexit, the U.S.-China trade talks and the impeachment hearings. They're too skeptical that the market can advance," said Sam Stovall, chief investment strategist at CFRA. Many strategists say the efforts by Democrats to impeach Trump is not hurting stock prices currently but it could if there are any developments that would put his re-election in doubt.

    "I think November and December are pretty much going to buck the emotional trend right now. The market is telling us it wants to go higher," Stovall said.

    Of the more than 350 S&P companies that have reported earnings, 76% beat earnings estimates, according to I/B/E/S data from Refinitiv. Earnings are down about 0.8% for the quarter, based on companies that have reported already and estimates.

    "This will be the 31st consecutive quarter in which actuals exceed estimates, but as much as earnings are coming in better for the quarter, they're going down in terms of Q4 and 2020. That's not good," said Stovall. But he said stocks could be lifted by the end of the trade war, the impact of lowered interest rates and a possible tax cut from the White House.

    "I think because the market is doing so well, it might be telling us we're underestimating forward growth. Prices lead fundamentals," he said.

    The S&P and Nasdaq soared into record territory Friday after the October jobs report showed nonfarm payrolls grew by 128,000, much greater than expected. The number was weaker due to the strike against General Motors but not as weak as feared.

    The Fed also added to positive sentiment with a rate cut on Wednesday, but the central bank went out of its way to signal a pause in policy.

    "The rally is definitely broadening out. The measured move is 3,200 on the S&P 500 by year-end. In the last two sessions, we retested and spent some time above the 3,025 area. Today's move showed some needed power, after a jobs report that was Goldilocks: It had something for everyone, not too strong to have the Fed as a headwind but strong enough to keep recession fears away," said Scott Redler, partner with T3Live.com. "Today's move lends some power to the bulls."

    Redler said Apple's performance this week was a big boost to sentiment. It ended the week up 3.7%, at a new all-time high, after strong earnings. "Traders love when Apple leads the way," he said.

    The S&P 500 was higher for a fourth week in a row, its longest winning streak since March. The S&P ended the week at 3,066, up 1.5% for the week, while the Nasdaq closed at a record 8,386, up 1.7% for the week. The Dow gained 1.4% for the week, lifted by a 301-point bounce Friday. It finished the week at 27,347, 0.2% below its all-time high of 27,398.

    Historically, industrials have had the best gains on average in November, going back to 1995. Industrial stocks have been up an average 2.9%, followed by materials, up 2.7%, consumer discretionary, up 2.6% and then technology, up 2.4%, according to CFRA data.

    "The cliche thing is everyone is focused on the breakout. I think the key technical event that's been developing for weeks, it's really been this rotation toward cyclicals," said Robert Sluymer, technical strategist at Fundstrat.

    He said he expects the Dow to break to new highs soon. "We think the market is strong through year end and well into 2020. We continue to think the market cycle low developed in late 2018. This is the next leg up in the bull market," he said.

    What are bonds saying?

    The bond market did not respond in the same way as stocks to the jobs number. Yields were slightly higher Friday but remained near or below the level they were at just prior to the Fed rate cut on Wednesday.

    "We're actually down on the week. That tells you what the bond market thinks about the economic landscape, particularly with the jobs report. I know there's a lot of enthusiasm about it," said Peter Boockvar, chief investment officer with Bleakley Advisory Group. "The bond market continues to send a very different message than the optimism in the equities market. The pace of job growth is still slowing, and this number is going to get revised multiple times. Everything is pointing to a slowdown in growth."

    The 10-year Treasury yield was at 1.73% Friday afternoon, and it had been at 1.80% at the end of the prior week.

    "I think it's a bit of moderation from the sell-off we saw last week. The Fed was pretty much in line with what people were expecting," said Ben Jeffery, a rate strategist at BMO. "I think probably stocks are viewing it as the Fed is comfortable leaving rates on hold, so many recessionary fears are a bit overblown. You could make the argument the bond market is less convinced about that."

    However, Stovall said it's a positive for stocks when the yield on the 10-year is lower than the yield on the S&P 500, now about 2%.

    "I would say another positive for stocks is historically when the dividend yield on the S&P 500 has exceeded the yield on the 10-year note. The average 12-month return for the S&P has exceeded 22%," he said.

    This past week saw the following moves in the S&P:

    (CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

    Major Indices for this past week:

    (CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

    Major Futures Markets as of Friday's close:

    (CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

    Economic Calendar for the Week Ahead:

    (CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

    Sector Performance WTD, MTD, YTD:

    (CLICK HERE FOR FRIDAY'S PERFORMANCE!)
    (CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!)
    (CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!)
    (CLICK HERE FOR THE 3-MONTH PERFORMANCE!)
    (CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!)
    (CLICK HERE FOR THE 52-WEEK PERFORMANCE!)

    Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    S&P Sectors for the Past Week:

    (CLICK HERE FOR THE CHART!)

    Major Indices Pullback/Correction Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!

    Major Indices Rally Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    Most Anticipated Earnings Releases for this week:

    (CLICK HERE FOR THE CHART!)

    Here are the upcoming IPO's for this week:

    (CLICK HERE FOR THE CHART!)

    Friday's Stock Analyst Upgrades & Downgrades:

    (CLICK HERE FOR THE CHART LINK #1!)
    (CLICK HERE FOR THE CHART LINK #2!)
    (CLICK HERE FOR THE CHART LINK #3!)
    (CLICK HERE FOR THE CHART LINK #4!)
    (CLICK HERE FOR THE CHART LINK #5!)

    Typical November Trading: First Month of "Best Months"

    November's long-term track record has been stellar. It is the number one month of the year for S&P 500 since 1950 with an average gain of 1.6%, up 47 times in 69 years. DJIA's record matches S&P 500, up 47 of 69 with an average gain of 1.6% although November is DJIA's second best month. NASDAQ also averages a 1.6% gain in November (second best), up 33 times in 48 years (since 1971).

    Over the more recent 21-year period, 1998 to 2018, November's average performance has remained solid. November has opened well with gains during the first four or five trading days depending on index. From there trading has become rather choppy with gains receding through mid-month before a low around the fourteenth trading day. At which point bullish holiday spirit has kicked in around Thanksgiving propelling all indexes to a strong rally to finish the month.

    (CLICK HERE FOR THE CHART!)

    Next Week's Economic Indicators - 11/1/19

    It was an extremely busy week for economic data with over 40 releases on the calendar. A vast majority came in either inline or worse relative to expectations or the previous period, while only 27% of releases came in stronger than expected or above the prior reading.

    The Chicago Fed's National Activity Index was the first release of the week, turning back into negative territory in September. The Dallas Fed's Manufacturing Activity index was also released on Monday and also missed estimates while shifting negative. The Conference Board's reading on consumer confidence also softened unexpectedly as the spread between present conditions and expectations widened further. Housing data was somewhat mixed as prices slowed slightly, but pending home sales was much better than expected. Wednesday's GDP release also came in stronger than expected with solid personal consumption. Core PCE and other inflation indicators like the Employment Cost Index were inline with expectations. Finally, Wednesday also saw the FOMC rate decision which resulted in rated cut another 25 bps, as expected. ADP's stronger than expected employment data, preceded a solid NFP Report on Friday. Nonfarm Payrolls were expected to show 85K added jobs in the month of October which would have been a substantially weaker number than the 136K increase the prior month. Instead, actual results showed 128K added jobs, which was better than all but the highest of estimates (140K). Another focus on Friday was the Markit and ISM readings on manufacturing. Both were expected to improve from the prior month which they in fact did but by less than estimates were calling for. Markit's preliminary PMI was originally showing a stronger reading of 51.5. Instead, the final reading came in at 51.3 which was still the highest reading since April so the report wasn't entirely bad. Meanwhile, the ISM index ticked up off of last month's reading of 47.8, its lowest levels since June of 2009. This was in part thanks to the readings on new orders and employment improving. Aside from these improvements, ISM's indices—unlike Markit—are still showing contraction in the manufacturing space.

    (CLICK HERE FOR THE CHART!)

    The economic calendar slows down next week with around half as many releases as this week. Final durable and capital goods data and factory orders will take up the entirety of Monday's reports. Durable goods orders are not expected to show any change from the preliminary readings, but factory orders are expected to show moderation in September. On Tuesday, we will get the services counterparts to today's ISM and Markit manufacturing gauges. While both manufacturing readings missed, ISM's Non-Manufacturing index is anticipated to rise to 53.5. Quarterly mortgage delinquencies and foreclose data will also be out on Tuesday. Wednesday will see more quarterly data with the Q3 preliminary releases of Nonfarm Productivity and Unit Labor costs. Following this week's weaker Confidence report from the Conference Board, next Friday we will get further clarification on sentiment with the University of Michigan's preliminary November data.

    (CLICK HERE FOR THE CHART!)

    Price-to-Earnings Around the Globe

    Every Wednesday, we release our Global Macro Dashboard, which tracks major data economic and market data points from 23 of the largest global economies. One stat we include is each country's P/E ratio for their respective equity markets. India continues to have the highest valuation with a P/E of 26.9. That compares to the US which is now valued at 20.1x earnings and the fifth-highest of the countries tracked. This is also higher than the average P/E for all of these countries which is 17.02. Other countries with notably high valuations include Norway, Germany, and Switzerland. Russia, on the other hand, has by far the lowest valuation of just 6.41, the only country with a P/E in the single digits.

    (CLICK HERE FOR THE CHART!)

    Compared to where things stood six months and one year ago, valuations around the globe have collectively risen. The world average now stands at 17.0 versus 16.4 at the end of April and 15.1 last October. While the average multiple has increased, only 60% of the countries tracked have seen valuations increase over the last 6 months while 74% have risen over the past year. Germany's P/E has actually risen the most of these having jumped to the third-highest P/E of all countries (22.6). Six months and one year ago, Germany (EWG) actually had a below-average P/E. Multiple expansion can come in the form of higher prices and/or lower earnings, and in the case of Germany, the culprit has been weaker earnings.

    Even though it currently continues to hold the number one spot on the list, multiples in India (INDA) have actually fallen over the past six months from 30.4 down to the current level of 26.9. Given INDA has fallen over 2.5%, this lower valuation makes better sense than the jump in Germany. Similarly, in regards to the US, the ratio rising to over 20 from 19.28 comes is a result of the S&P 500's 3% gain as earnings have been pretty flat.

    Compared to one year ago, it is a similar story. As is the case now, Russia and Hong Kong have had the lowest valuations over the past six months and one year, although they have risen in that time. The valuation for most countries have risen over the past year.

    (CLICK HERE FOR THE CHART!)
    (CLICK HERE FOR THE CHART!)

    Summarizing in the table below, there is a bit of a mixed picture in regards to how P/E ratios have changed with performance over the past half-year and year. One would expect the ratio to increase as equities rise, but that has not necessarily been the universal case. For countries like Norway (ENOR) and Germany (EWG), valuations have risen the most in spite of equity markets that have experienced declines over the past six months (Norway's declines being the fourth-worst of the 23 countries) and only modest gains in the past year. On the other hand, Russia (RSX) has the lowest valuation of all countries despite having outperformed dramatically over the last six to twelve months. RSX has also not seen any major surge in valuation in that time as earnings have kept up with prices. Meanwhile, other countries like India (INDA), Switzerland (EWL), Taiwan (EWT) and the US (SPY) have seen this dynamic react more in line with what could be expected.

    (CLICK HERE FOR THE CHART!)

    Guidance Trends Lower

    Our good friend (and a former boss) Laszlo Birinyi used to hammer home that "it's all about the guidance!" when it comes to earnings reports for specific companies. That is indeed very true as investors discount stocks based on forward projections more than what they've done in the past. On the subject of guidance, this season we've been seeing a lot more companies lower guidance than raise guidance, which has resulted in a pretty big tick lower in our guidance spread reading on our Earnings Explorer page (available to Bespoke Institutional members).

    Our guidance spread reading shows the difference between the percentage of companies that have raised guidance and lowered guidance over the last three months on a rolling basis. A positive reading means more companies have raised guidance than lowered guidance over the last three months and vice versa for a negative reading. As you can see, the reading is currently at -6.48 percentage points, which is well below the historical average of -2.97. (It's notable that historically the average guidance spread has been negative, which tells us that in general companies like to under-promise and over-deliver.) The guidance spread completely tanked in the first quarter of 2019 before stabilizing and rallying back during the summer. While it hasn't been in positive territory all year, the spread did briefly get above its historical average during the Q2 reporting period in July.

    A negative guidance reading means companies are less optimistic about the future than they could be, but it's not necessarily a bearish sign for the stock market. If anything, it gives companies an easier chance at beating estimates going forward as long as the economy doesn't completely fall off a cliff. As you can see in the second chart below that extends our guidance spread reading all the way back to 2003, the current reading is hardly a negative outlier to be concerned about. The only time the spread really collapsed was in mid to late 2008 in the midst of the Financial Crisis. Want to see Bespoke's best analysis?

    (CLICK HERE FOR THE CHART!)
    (CLICK HERE FOR THE CHART!)

    The U.S. Economy Chugs Along

    Gross domestic product (GDP) growth slowed for a third quarter, but the U.S. economy is still chugging along at an average pace.

    GDP grew 1.9% in the third quarter, its slowest pace of growth since the fourth quarter of 2018, as shown in the LPL Chart of the Day. Still, GDP increased 2% year over year last quarter, slightly below 2.1% year-over-year average growth since the cycle started in July 2009.

    (CLICK HERE FOR THE CHART!)

    The composition of growth last quarter showed U.S. consumers pulled the economy along once again. Consumer spending contributed 1.9 percentage points to the GDP increase during the quarter, while government spending added 0.4 percentage points. Housing contributed 0.2 percentage points, a nice surprise after residential investment dragged on growth for six straight quarters.

    Business spending reduced overall GDP growth by 0.4 percentage points, its biggest drag on growth since the fourth quarter of 2015. Growth in capital expenditures (capex) has stalled as U.S. companies have shelved expansion plans amid a surge in global uncertainty.

    "The economy continues to muddle through at an average pace of growth," said LPL Financial Senior Market Strategist Ryan Detrick. "While we're not surprised to see another dull quarter for capex, we'd like to see business spending eventually pick up this late in the cycle. Higher business spending could provide a boost to productivity, and higher productivity could jumpstart GDP growth."

    Unfortunately, we don't expect to see a material increase in capex growth until the United States and China make more significant progress on the trade front. The U.S.-China limited trade deal could provide some lift as tensions thaw, but we think companies may need to see more evidence of a larger compromise before feeling confident enough to spend.

    STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending November 1st, 2019

    ([CLICK HERE FOR THE YOUTUBE VIDEO!]())

    (VIDEO NOT YET POSTED!)

    STOCK MARKET VIDEO: ShadowTrader Video Weekly 11.3.19

    ([CLICK HERE FOR THE YOUTUBE VIDEO!]())

    (VIDEO NOT YET POSTED!)

    Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-

    • $ROKU
    • $SQ
    • $DIS
    • $CVS
    • $UAA
    • $CHK
    • $AMRN
    • $UBER
    • $TTD
    • $SYY
    • $ATVI
    • $BHC
    • $RACE
    • $GWPH
    • $S
    • $BIDU
    • $NSP
    • $QCOM
    • $SHAK
    • $KPTI
    • $REGN
    • $TEVA
    • $CYBR
    • $NSSC
    • $OXY
    • $EOLS
    • $APPS
    • $TNDM
    • $PLUG
    • $COHU
    • $FIT
    • $GOLD
    • $IQ
    • $FE
    • $HUM
    • $RNG
    • $CHGG
    • $SPNS
    • $KL
    • $SEDG
    • $SOGO
    • $WW
    • $CNTY
    • $WEN
    (CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
    (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
    (CLICK HERE FOR MOST ANTICIPATED EARNINGS RELEASES FOR THE NEXT 5 WEEKS!)

    Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

    Monday 11.4.19 Before Market Open:

    (CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Monday 11.4.19 After Market Close:

    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Tuesday 11.5.19 Before Market Open:

    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Tuesday 11.5.19 After Market Close:

    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Wednesday 11.6.19 Before Market Open:

    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Wednesday 11.6.19 After Market Close:

    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Thursday 11.7.19 Before Market Open:

    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Thursday 11.7.19 After Market Close:

    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Friday 11.8.19 Before Market Open:

    (CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Friday 11.8.19 After Market Close:

    ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

    NONE.

    Roku Inc $146.50

    Roku Inc (ROKU) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, November 6, 2019. The consensus estimate is for a loss of $0.28 per share on revenue of $243.00 million and the Earnings Whisper ® number is ($0.20) per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat The company's guidance was for revenue of $250.00 million to $255.00 million. Consensus estimates are for earnings to decline year-over-year by 211.11% with revenue increasing by 40.15%. The stock has drifted higher by 23.4% from its open following the earnings release to be 55.9% above its 200 day moving average of $93.97. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, October 18, 2019 there was some notable buying of 4,123 contracts of the $130.00 call expiring on Friday, January 17, 2020. Option traders are pricing in a 15.0% move on earnings and the stock has averaged a 19.9% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Square, Inc. $62.60

    Square, Inc. (SQ) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, November 6, 2019. The consensus earnings estimate is $0.20 per share on revenue of $1.19 billion and the Earnings Whisper ® number is $0.23 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat The company's guidance was for earnings of $0.18 to $0.20 per share. Consensus estimates are for year-over-year earnings growth of 42.86% with revenue increasing by 34.90%. Short interest has increased by 5.4% since the company's last earnings release while the stock has drifted lower by 11.6% from its open following the earnings release to be 9.7% below its 200 day moving average of $69.29. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, October 25, 2019 there was some notable buying of 5,832 contracts of the $45.00 put expiring on Friday, June 19, 2020. Option traders are pricing in a 9.0% move on earnings and the stock has averaged a 7.2% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Walt Disney Co $132.75

    Walt Disney Co (DIS) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, November 7, 2019. The consensus earnings estimate is $0.94 per share on revenue of $19.29 billion and the Earnings Whisper ® number is $0.97 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 36.49% with revenue increasing by 34.83%. Short interest has increased by 5.2% since the company's last earnings release while the stock has drifted lower by 1.6% from its open following the earnings release to be 3.2% above its 200 day moving average of $128.63. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, October 15, 2019 there was some notable buying of 23,936 contracts of the $145.00 call expiring on Friday, December 20, 2019. Option traders are pricing in a 3.8% move on earnings and the stock has averaged a 2.1% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    CVS Health $67.24

    CVS Health (CVS) is confirmed to report earnings at approximately 6:55 AM ET on Wednesday, November 6, 2019. The consensus earnings estimate is $1.77 per share on revenue of $63.17 billion and the Earnings Whisper ® number is $1.80 per share. Investor sentiment going into the company's earnings release has 86% expecting an earnings beat The company's guidance was for earnings of $1.75 to $1.79 per share. Consensus estimates are for year-over-year earnings growth of 2.31% with revenue increasing by 33.64%. Short interest has increased by 3.9% since the company's last earnings release while the stock has drifted higher by 19.5% from its open following the earnings release to be 14.9% above its 200 day moving average of $58.54. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, October 14, 2019 there was some notable buying of 10,454 contracts of the $65.00 call expiring on Friday, November 15, 2019. Option traders are pricing in a 4.7% move on earnings and the stock has averaged a 5.7% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Under Armour, Inc. $21.14

    Under Armour, Inc. (UAA) is confirmed to report earnings at approximately 6:55 AM ET on Monday, November 4, 2019. The consensus earnings estimate is $0.18 per share on revenue of $1.42 billion and the Earnings Whisper ® number is $0.19 per share. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 28.00% with revenue decreasing by 1.59%. Short interest has decreased by 0.9% since the company's last earnings release while the stock has drifted lower by 7.4% from its open following the earnings release to be 4.4% below its 200 day moving average of $22.10. Overall earnings estimates have been unchanged since the company's last earnings release. On Friday, November 1, 2019 there was some notable buying of 6,458 contracts of the $21.50 call expiring on Friday, November 29, 2019. Option traders are pricing in a 11.2% move on earnings and the stock has averaged a 9.4% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Chesapeake Energy Corp. $1.44

    Chesapeake Energy Corp. (CHK) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, November 5, 2019. The consensus estimate is for a loss of $0.09 per share on revenue of $1.20 billion and the Earnings Whisper ® number is ($0.08) per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 147.37% with revenue decreasing by 50.37%. Short interest has increased by 24.7% since the company's last earnings release while the stock has drifted lower by 12.7% from its open following the earnings release to be 34.9% below its 200 day moving average of $2.21. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, October 15, 2019 there was some notable buying of 11,232 contracts of the $1.50 put expiring on Friday, November 15, 2019. Option traders are pricing in a 26.0% move on earnings and the stock has averaged a 7.4% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Amarin Corporation plc $16.77

    Amarin Corporation plc (AMRN) is confirmed to report earnings at approximately 5:00 AM ET on Tuesday, November 5, 2019. The consensus estimate is for a loss of $0.04 per share on revenue of $112.40 million and the Earnings Whisper ® number is ($0.06) per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 50.00% with revenue increasing by 103.17%. Short interest has increased by 57.7% since the company's last earnings release while the stock has drifted lower by 11.9% from its open following the earnings release to be 5.3% below its 200 day moving average of $17.71. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, October 10, 2019 there was some notable buying of 17,323 contracts of the $17.00 call expiring on Friday, November 15, 2019. Option traders are pricing in a 9.5% move on earnings and the stock has averaged a 5.5% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Uber Technologies, Inc. $31.37

    Uber Technologies, Inc. (UBER) is confirmed to report earnings at approximately 4:05 PM ET on Monday, November 4, 2019. The consensus estimate is for a loss of $0.83 per share on revenue of $3.74 billion. Investor sentiment going into the company's earnings release has 35% expecting an earnings beat. The stock has drifted lower by 20.7% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 4.2% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Trade Desk, Inc. $203.10

    Trade Desk, Inc. (TTD) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, November 7, 2019. The consensus earnings estimate is $0.67 per share on revenue of $164.26 million and the Earnings Whisper ® number is $0.78 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat The company's guidance was for revenue of approximately $163.00 million. Consensus estimates are for year-over-year earnings growth of 6.35% with revenue increasing by 38.24%. Short interest has increased by 24.0% since the company's last earnings release while the stock has drifted lower by 25.2% from its open following the earnings release to be 2.8% below its 200 day moving average of $208.88. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, October 22, 2019 there was some notable buying of 988 contracts of the $115.00 put expiring on Friday, November 15, 2019. Option traders are pricing in a 12.3% move on earnings and the stock has averaged a 21.2% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    SYSCO Corp. $81.28

    SYSCO Corp. (SYY) is confirmed to report earnings at approximately 8:00 AM ET on Monday, November 4, 2019. The consensus earnings estimate is $0.97 per share on revenue of $15.54 billion and the Earnings Whisper ® number is $0.99 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 6.59% with revenue increasing by 2.13%. Short interest has increased by 5.3% since the company's last earnings release while the stock has drifted higher by 12.6% from its open following the earnings release to be 14.2% above its 200 day moving average of $71.16. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, November 1, 2019 there was some notable buying of 1,069 contracts of the $79.00 put expiring on Friday, November 8, 2019. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 4.8% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    DISCUSS!

    What are you all watching for in this upcoming trading week?

    I hope you all have a wonderful weekend and a great trading week ahead r/stocks.

    submitted by /u/bigbear0083
    [link] [comments]

    Learning the stock world

    Posted: 02 Nov 2019 05:11 AM PDT

    Background: 18, UK, inheritance, no history in economics, very fast learner.

    This probably sounds stupid, and gets asked a lot. Where can i learn to how to enter the world of stocks? I listen to a lot of podcasts from commuting so that would be my preferable medium. Id also love to hear from you guys; your success stories, mistakes to learn from, advice. Any comment would be appreciated!

    submitted by /u/Doelyy
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    Feds balance sheet back over 4 trillion. They have accepted defeat and announced to the world that they did in fact monetize the debt. Bad things to come in the long term with this unprecedented monetary policy garbage.

    Posted: 02 Nov 2019 05:30 AM PDT

    QE4 has already started. In fact, the federal reserve is expanding its balance sheet at twice the rate that it did during 2008. Our supposed, "greatest economy of all time" is nothing but a farce. The massive injection of stimulus at all time market highs is laughable. 250 billion in 7 weeks. Including Trillion year deficits for the past 3 years; which yes, will exponentially grow. It's embarrassing that they will be robbing our savings through tanking our purchasing power with the dollar. Central banks around the world have continued to grow their positions in gold, one of the newer buyers has been Germany. The main two being Russia and China as they continue to offload US treasuries for gold. The decade long global currency war (devaluation of fiat currencies against each other) doesn't seem to be slowing down anytime soon. The fed still has a little bit of wiggle room before the stock market starts tanking; we're probably about a year out, maybe a year and a half if we're lucky. If you're in the US stock market, God forbid Elizabeth warren wins and imposes her plan to tax every trade you make. As well as the paper gains wealth tax she wants to push through (owned stock that has risen in value, but has not been sold yet. Yes she wants to tax fucking paper gains which is absurd). If she wins the upcoming election sell sell sell. We can't forget about the push for the flat out wealth tax on total net worth of the rich; which is highly unconstitutional, then again so was the income tax. Originally we only had tariffs to run the government. Then the income tax was introduced, which was supposed to be only for the rich, but of course no one actually paid those taxes because you used to actually be able to write things off. They sold the income tax to the public as a way to take the burden off the common man because everybody pays for tariffs. Obviously years later, we all pay the income tax; that's why the founding fathers purposely made it unconstitutional. Same shit will happen with a wealth tax if such garbage is actually passed.

    submitted by /u/TheSalami77
    [link] [comments]

    Fitbit Stock

    Posted: 01 Nov 2019 10:41 PM PDT

    What will happen to the Fitbit stock I have when/if Google completes the acquisition? Am I guaranteed a share price of $7.35? Is it possible/likely that the share price drops or rises significantly before then and now?

    Basically I am wondering if I will be better off selling now and investing elsewhere rather than keep my capital in Fitbit.

    submitted by /u/Deer0o
    [link] [comments]

    Shorting dividend stocks

    Posted: 02 Nov 2019 01:54 PM PDT

    Say if I were to buy AAPL at $240 and sell at $255, where would I be charged? Does if differ between brokers. Are they other miscellaneous charges that I can expect

    submitted by /u/michaelhope4
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    How.... do I make $ in this market???

    Posted: 02 Nov 2019 12:02 PM PDT

    if i had for example 30-40k...

    how would I get it to make some ok money in these days? I seriously cant figure it out.... im up 1%..... trash...

    submitted by /u/MackNGeez
    [link] [comments]

    Day Trading and Settled Funds Regulations

    Posted: 02 Nov 2019 04:24 AM PDT

    I want to start making several day trades every day, but I'm uncertain of a couple things. How do I deal with the pattern day trading rule and the issue of waiting for funds to settle? As far as I know, the pattern day trading issue can be dealt with by having over $25,000 in your account. Is it as simple as that?

    ​

    How would I deal with the issue of waiting for my funds to settle? I've seen some people online say that this can be dealt with by having a margin account. But I'm worried about the interest. I see that many brokerage firms make you pay interest if you borrow their money in a margin account. Even if I make sure I never have more money in the market than I have in my account, do I still need to pay interest because I'm not waiting for my funds to settle?

    ​

    Also I've seen people say that even with a margin account, you still can't spend more than your day's buying power or else you have to pay interest or something like that. Could someone explain explain how the concept of your day's buying power and how it relates to settled funds + day trading?

    submitted by /u/dmu1313
    [link] [comments]

    What stock would you buy today and hold for 30 years?

    Posted: 01 Nov 2019 05:52 PM PDT

    See the title! An extra bit of information is that I'll be putting whatever I buy into a tax deferred account so dividends are a must!

    submitted by /u/rageofanarchy
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    Many big name shares appear to be in a bubble and a global recession is looming, is it better to wait for the "big hit" before investing heavy in these shares?

    Posted: 01 Nov 2019 07:52 PM PDT

    Share prices peaked in 2000 and 2008, just before the recessions hit. We are now seeing many premium stocks at 2000 & 2008 levels and im very hesitant to invest in big name shares due to recession risks.

    Am I right in thinking now would be a good time to hold off?

    The stocks I'm eyeing are your conventional big brands, no need to get into specifics.

    submitted by /u/SoybeanCola1933
    [link] [comments]

    I have 2 shares of stock. One I bought 5 years ago, and one just this year. If I sell one share I will be charged capital gains or income tax on it?

    Posted: 02 Nov 2019 09:05 AM PDT

    I feel like it's time to cash in on Apple, and buy it back later.

    submitted by /u/bulbishNYC
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    Is there a reason to buy a UK index fund when the US ones are simply better?

    Posted: 02 Nov 2019 04:37 AM PDT

    I'll try not to make this post sound too depressing but the UK is no longer the Alpha it used to be, we live on a tiny piece of land with nothing going for it except for eventual over population.

    The only good thing about the UK is it spits out some very smart people from Oxford and Cambridge, unfortunately most of them usually go into politics, law or finance anyway.

    We don't produce any innovators anymore, any visionaries. The dominance we once had during the British Empire has long gone but a lot of people don't seem to realise we're not the powerhouse we used to be. We have a few nuclear submarines and somehow that entitles us to call ourselves a "world power". What a complete joke.

     

    Anyway getting back to the question, is there any reason whatsoever to invest in the UK economy when the US economy is simply better? It's stronger, it's younger and with such a large population combined with incredible universities, produces some of the smartest minds in the world.

    To me it seems like the UK economy (growth) has stagnated, like we're dragging our heels just coasting along, not losing value but not really making much either. For example we're only 5% higher than the 2008 high, why has it taken us 11 years to claw our way back when the U.S who get effected more (FTSE dropped 52%, S&P dropped 57%) only took 4 years to recover?

     

    When I think of the UK nowadays I just compare it to a country like Sweden, Norway or Finland. A great country to live in but also not a country that stands out as an economic powerhouse.

    submitted by /u/Redditor45643335
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    What stocks are you monitoring?

    Posted: 02 Nov 2019 03:27 AM PDT

    What are some stocks you are monitoring? Anything under the radar or interesting that you've heard about lately?

    What will need to happen for you to pull the trigger and buy?

    submitted by /u/pokealum1290
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    Pre-ipo options

    Posted: 01 Nov 2019 02:17 PM PDT

    Hello people,

    So i just left a private tech company that is valued at aprox~1.6b. Today was my last day. I have a total of 1200 stock options that i can purchase at $3 a share. I currently dont have that money and am looking to sell them. Is there a market for this? Even if its only 1200?

    submitted by /u/LA871
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    I'm going to buy 5000 of MO and 3000 of SBUX on Monday - Why shouldn't I?

    Posted: 02 Nov 2019 06:01 AM PDT

    I'm going to buy 5000 of MO and 3000 of SBUX on Monday - Why shouldn't I?

    submitted by /u/rageofanarchy
    [link] [comments]

    What will happen to Fitbit stock now that Google owns it?

    Posted: 01 Nov 2019 10:20 PM PDT

    So, Lets say I have 100 shares of Fitbit. What's the move here? I heard somewhere that Google will pay $7.35 per share, but I have no idea how I'd go about doing that. Just figured I should ask. Thanks guys!

    submitted by /u/MiniMcArthur
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    MO vs BTI vs PM

    Posted: 01 Nov 2019 02:33 PM PDT

    Which one of these is the better buy? I like MO moving in cannabis but cron is a dog. PM is as solid as they get but will its sp be much more than it is 10 years from now? BTI I haven't watched but skimming thru the numbers they look comparable to PM but I need to look closer still.

    submitted by /u/2relentless2die
    [link] [comments]

    Navidea Biopharmaceuticals

    Posted: 01 Nov 2019 09:16 PM PDT

    This looks promising, I would appreciate any thoughts.

    submitted by /u/chrissyrose3
    [link] [comments]

    Anyone like USM at current levels?

    Posted: 01 Nov 2019 06:41 PM PDT

    Missed on earnings small beat on revs. At some point I got to figure some might buy it out if it gets to bad given the p/b.

    submitted by /u/cokezero556
    [link] [comments]
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