• Breaking News

    Thursday, January 9, 2020

    Stock Market - Apple stock hits record after Chinese government data shows iPhone unit sales spike

    Stock Market - Apple stock hits record after Chinese government data shows iPhone unit sales spike


    Apple stock hits record after Chinese government data shows iPhone unit sales spike

    Posted: 09 Jan 2020 11:51 AM PST

    https://www.cnbc.com/2020/01/09/apple-stock-hits-new-all-time-high-on-china-iphone-sales-data.html

    Apple shipped 3.2 million iPhones in China through December, according to CNBC calculations using data from the China Academy of Information and Communications Technology.

    That figure was up from 2.7 million a year earlier, according to the data.

    The news drove Apple stock up more than 2% Thursday, bringing the stock to a fresh all-time intraday high of $310.43.

    submitted by /u/coolcomfort123
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    Person is suing me because she lost money!!!

    Posted: 09 Jan 2020 11:07 AM PST

    Don't know If this is the right place to post.

    A person that I don't like (due to the fact that she only talks to me if she wants money or if it will benefit her in some way) asks me what stock she should invest in.

    The reason she is asking me this question is because my dad told her about some recent trades I made money on so she thinks all of a sudden I'm a stock market guru.

    I tell her the name of a random stock I look up and tell her to invest in it and she could "possibly make a lot of money one day". I did this because I don't care about her and I'm not going to help her.

    I write down the ticker just to see if it actually went down and it actually went down a lot. I was actually happy because I really don't like this person. Next thing I know she is threatening to sue me because she lost almost 10k and that I was lying to her and one of my friends told me about how I just looked up some random stock. Does she have any grounds to sue or is she bluffing?

    submitted by /u/KAYEFFCEE10
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    Stocks to buy in 2020 and why?

    Posted: 09 Jan 2020 05:12 AM PST

    Best books that made you successful in the stock market?

    Posted: 09 Jan 2020 01:50 PM PST

    Interested in hearing your favorite stock market related books or books that made you financially successful in general

    submitted by /u/SuperiorArab
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    Podcasts

    Posted: 09 Jan 2020 01:52 PM PST

    Hey everyone, what are your favorite podcasts on investing/stocks that you all like to listen to?

    submitted by /u/Jeermm
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    Earnings Season Begins! Here are the Most Anticipated Earnings Releases for the week beginning January 13th, 2020

    Posted: 09 Jan 2020 08:11 AM PST

    Middle East and North Africa ETF

    Posted: 09 Jan 2020 07:47 PM PST

    Can someone give me an ETF that covers these regions. I've tried looking it up but it's a pain, can't find anything... Thanks.

    submitted by /u/GaniB
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    CSCO or MSFT?

    Posted: 09 Jan 2020 05:22 AM PST

    Looking at their business model, MSFT definitely has an edge imo, because of cloud computing compared to CSCO's physical hardware which imo will not be as profitable in the future. However, I can definitely see CSCO adapting to this and switching to a similar business model as MSFT. Also, CSCO is undervalued compared to MSFT. So... my dilemma is which stock to invest in.

    submitted by /u/marveliteIG
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    Best stocks to buy in 2020! What price are you looking to enter the stock and reasons you will be buying?

    Posted: 09 Jan 2020 04:41 PM PST

    Today's Pre-Market Movers & News [Thursday, January 9th, 2020]

    Posted: 09 Jan 2020 05:41 AM PST

    Good morning traders and investors of the r/StockMarket sub! Happy Thursday to all! Here are your pre-market movers and news this AM-


    (CLICK HERE TO VIEW THE FULL SOURCE!)

    Today's Top Headlines for Thursday, January 9th, 2020

    • U.S. stock futures were pointing to more gains on Wall Street after Wednesday's turnaround that saw the S&P 500 and Nasdaq log new intraday highs. The Nasdaq also closed at a new high, and indications this morning point to the Dow joining the record run on an easing of fears about a possible escalation of U.S.-Iran hostilities. The projected gains for the Dow would be enough for it to set a new intraday high at the open. It needs a little less than 128 points. (CNBC)
    • On today's economic calendar, the Labor Department is out with its weekly report on initial jobless claims at 8:30 a.m. ET. Additionally, Fed Vice Chair Richard Clarida, Minneapolis Fed President Neel Kashkari, New York Fed President John Williams, Richmond Fed President Tom Barkin, Chicago Fed President Charles Evans and St. Louis Fed President James Bullard all have public appearances today. (CNBC)
    • Lighting company Acuity Brands (AYI) is among the few companies issuing quarterly earnings this morning, while home builder KB Home (KBH) and lubricant producer WD-40 (WDFC) issue numbers after the closing bell.
    • For the first time, Tesla's (TSLA) stock market value has eclipsed the combined values of General Motors (GM) and Ford (F). The electric car maker's stock jumped nearly 5% on Wednesday, closing at a record $492.14 per share and elevating its market capitalization to almost $89 billion, or $2 billion larger than the sum of GM's and Ford's respective market caps of $50 billion and $37 billion. (Reuters)
    • The House will vote today on a resolution to curb President Donald Trump's power to take military action against Iran. Nancy Pelosi said some members of Congress have "serious, urgent concerns" about Trump's strategy, which the administration did not assuage with a briefing or its "insufficient" notification of the strike to Congress under the War Powers Act. (CNBC)
    • Trump pulls back from more military action in Iran crisis, promises new sanctions (Reuters)
    • GOP Sen. Mike Lee: Iran briefing from Trump administration was 'insulting and demeaning' (USA Today)
    • Two rockets reportedly hit the Green Zone in Iraq's capital of Baghdad, a day after Iran launched missiles at bases housing U.S. and other coalition forces in Iraq. The rockets were fired several hours after Trump declared that Iran appeared to be standing down from military conflict with the U.S. (CNBC)
    • A Ukrainian International Airlines plane that crashed shortly after leaving Tehran on Wednesday, killing all 176 people on board, was reportedly on fire before impact, according to Iran's civil aviation authority. The plane's trajectory indicated it strayed from its route and was on its way back to a nearby airport at the time of the crash. (CNBC)
    • Here are the unanswered questions about the deadly plane crash in Iran (CNBC)
    • China's Vice Premier Liu He, head of the country's negotiation team in China-U.S. trade talks, will sign a "Phase One" deal in Washington next week. No version of the text has been made public, and Chinese officials have yet to publicly commit to key points such as increasing imports of U.S. goods and services by $200 billion over two years. (Reuters)
    • A federal appeals court allowed the Trump administration to move forward with plans to use billions of dollars in military construction money to build a long-promised wall along the border with Mexico. (WSJ)
    • Following a secretive escape last week from Japan to Lebanon, former Nissan chief Carlos Ghosn publicly defended himself Wednesday against accusations of financial misconduct and misuse of corporate resources. Ghosn adamantly denied all charges against him and defended his decision to become an international fugitive by fleeing Japan as a necessity to receive a fair trial and "escape injustice." (CNBC)
    • Lebanese investigators finish questioning Ghosn, file referred to prosecutor: judicial source (Reuters)
    • Ghosn regrets not accepting US offer to lead GM for double his salary (CNBC)
    • Fugitive former Nissan exec feared he would 'die in Japan' if he didn't escape (CNBC)
    • China's popular video sharing app TikTok had "multiple" security vulnerabilities, said cybersecurity firm Check Point. It found flaws that could allow hackers to take control of TikTok accounts and manipulate the content, upload and delete videos and reveal personal information such as a private email address. (CNBC)
    • Twitter (TWTR) said it will test new features early this year that would allow users to control who can reply to their tweets, as it looks to limit abuse and harassment on the platform. Social media firms are under pressure to address harassment on their services. (Reuters)
    • Facebook's final word on political ads: No changes to microtargeting but more control for users (NBC News)
    • Verizon Communications (VZ) is eliminating traditional cable bundles and the handcuffs that often came with them, making it easier for households to switch video packages in the hopes they won't cut the cord entirely. (WSJ)
    • Accolade, a start-up that helps workers navigate their health benefits and dealings with insurance companies, has hired banks including Goldman Sachs and Morgan Stanley to advise ahead of a possible initial public offering, CNBC reported. The company is expected to file later this year.
    • Australian authorities urged another mass evacuation across the heavily populated southeast today as a return of hot weather fanned huge bushfires threatening several towns and communities. Thousands have been made homeless and thousands have had to evacuate repeatedly because of the volatility of the fires. (Reuters)
    • Many Puerto Ricans slept outside and woke up to an island still largely without power after a string of earthquakes rocked their home in recent days. The worst quake, a magnitude 6.4 that struck early Tuesday, killed at least one person, injured at least nine. (USA Today)

    STOCK FUTURES CURRENTLY:

    (CLICK HERE FOR STOCK FUTURES CHARTS!)

    YESTERDAY'S MARKET MAP:

    (CLICK HERE FOR YESTERDAY'S MARKET MAP!)

    TODAY'S MARKET MAP:

    (CLICK HERE FOR TODAY'S MARKET MAP!)

    YESTERDAY'S S&P SECTORS:

    (CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

    TODAY'S S&P SECTORS:

    (CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

    TODAY'S ECONOMIC CALENDAR:

    (CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

    THIS WEEK'S ECONOMIC CALENDAR:

    (CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

    THIS WEEK'S UPCOMING IPO'S:

    (CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

    THIS WEEK'S EARNINGS CALENDAR:

    (CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    (CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

    THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:

    ([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())

    T.B.A.


    EARNINGS RELEASES BEFORE THE OPEN TODAY:

    (CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

    EARNINGS RELEASES AFTER THE CLOSE TODAY:

    (CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #4!)

    YESTERDAY'S INSIDER TRADING FILINGS:

    (CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)

    TODAY'S DIVIDEND CALENDAR:

    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

    THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

    • AGTC
    • BBBY
    • SNAP
    • KSS
    • TSLA
    • C
    • AMAG
    • SMPL
    • LB
    • AZZ

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Bed Bath & Beyond (BBBY) – Bed Bath & Beyond reported a quarterly loss of 38 cents per share, compared to forecasts of a profit of 2 cents per share. The housewares retailer's revenue also came in below estimates, and the company has withdrawn its full-year forecast. New CEO Mark Tritton said the current quarter would remain pressured, and called the results "unsatisfactory."

    STOCK SYMBOL: BBBY

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Occidental Petroleum (OXY) – Occidental said it would begin a new round of job cuts, following its $38 billion buyout of Anadarko Petroleum. The energy producer did not give a specific number of jobs to be cut but has been selling assets and reducing expenses since completing the deal.

    STOCK SYMBOL: OXY

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    HP Inc. (HPQ) – HP has once again rejected a takeover bid by Xerox (XRX), saying the proposal undervalues the computer and printer maker. HP also said the fact that Xerox has secured financing for the $33 billion offer is not a basis for a takeover discussion.

    STOCK SYMBOL: HPQ

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Alphabet (GOOGL) – Bank of America Securities raised its price target on the Google parent's stock to $1,620 per share from $1,450 a share, noting a healthy ad business and saying the Google operation would benefit from a number of factors including the elevation of Sundar Pichai to Alphabet CEO.

    STOCK SYMBOL: GOOGL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Uber (UBER) – Uber has discontinued upfront ride pricing in California, in response to a new law which requires the ride-hailing service to classify more of its drivers as employees rather than independent contractors.

    STOCK SYMBOL: UBER

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Verizon (VZ) – Verizon dropped annual contracts for Fios TV and internet customers, eliminating the traditional bundles and allowing customers to select internet, tv, and phone packages separately. Customers will also be allowed to change any selections monthly.

    STOCK SYMBOL: VZ

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Tesla (TSLA) – Tesla remains on watch after rising to another all-time high and seeing its market cap exceed that of Ford (F) and General Motors (GM) combined. Baird Equity Research downgraded Tesla to "neutral" from "outperform," saying the risk/reward is now more balanced following the stock's recent runup.

    STOCK SYMBOL: TSLA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Walmart (WMT) – Walmart said it opened 134 new stores in Mexico last year, the biggest expansion by the retailer in that country since 2013.

    STOCK SYMBOL: WMT

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Voya Financial (VOYA) – Voya is exploring a possible sale, according to people briefed on the matter who spoke to the Financial Times. The paper said the U.S.-based retirement plan provider could be valued at $10 billion or more.

    STOCK SYMBOL: VOYA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Costco (COST) – The warehouse retailer reported a December comparable sales increase of 9%, exceeding the consensus StreetAccount estimate of 7.1%.

    STOCK SYMBOL: COST

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Coca-Cola (KO) – The beverage giant was upgraded to "outperform" from "neutral" at Credit Suisse, which said structural changes at the company should allow revenue and returns on investment to grow faster.

    STOCK SYMBOL: KO

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    BlackRock (BLK) – Deutsche Bank initiated a "Buy Catalyst Call" on the asset manager's stock, saying it should outperform the overall market during quarterly earnings season.

    STOCK SYMBOL: BLK

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    FULL DISCLOSURE:

    /u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.


    DISCUSS!

    What's on everyone's radar for today's trading day ahead here at r/StockMarket?


    I hope you all have an excellent trading day ahead today on this Thursday, January 9th, 2020! :)

    submitted by /u/bigbear0083
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    Historical Tick Data Stocks and Futures

    Posted: 09 Jan 2020 01:46 PM PST

    GROUP BUY PROJECT

    Whether you are an academic or practitioner you surely encountered the same problem. Getting historical tick data comes with a hefty price tag that only few can afford. If you are interested in a group buy send me a pm.

    If we can get around ~100 redditors a group buy makes sense. If someone can give additional input or ideas regarding this group buy and the distribution of this data feel free to contribute to this post.

    submitted by /u/Lyman-Zerga
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    The best way to trade on the US market?

    Posted: 09 Jan 2020 01:03 PM PST

    Howdy friends, I'm from Australia and am currently trading via commsec.. I have been stalking out picks from subs such as this, but am an absolute rookie and unable to trade on the the US market.

    What are my best options?

    submitted by /u/RichieBenno
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    Does anyone know any companies building 5g towers?

    Posted: 09 Jan 2020 12:13 AM PST

    Jan. 9-10, 2020, East Asia business news

    Posted: 09 Jan 2020 09:26 AM PST

    (Japan) Japanese automotive parts company Takata is recalling 10 million more front airbag inflators, totalling around 56 million units.

    (source: JapanToday)

    *South Korea

    The South Korean stock market saw only one listed firm join it's 1 trillion won ($849 million) market capitalization club in 2019, reflecting the overall weak performance.

    (Source: The Korea Herald)

    *China

    Foreign companies in China with net assets of $42.8 billion are set to be eligible to obtain oil and gas mining rights.

    (Source: Xinhua News Agency)

    @dylanyang0930

    theasians.org

    submitted by /u/dylanyang0930
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    Someone asked about APHA cannabis a month ago. Finally got around to looking at it.

    Posted: 09 Jan 2020 06:02 AM PST

    When we review 'market software driven' potentials of a share price, the first job is to identify "danger" levels from a Big Picture perspective. On APHA, there's a fairly obvious one at 3.65. Below such a level risks slight reversal to a non threatening 3.34, just below the low of 2018. The major problem, if such a level attained, comes from the big picture secondary calculation as it's at 0.76. Presumably the company would need issue some negative news to drive such a calamity.

    We cannot calculate anything below 0.76 and thus, must regard this as "ultimate" bottom.

    Now the nasty stuff has been dealt with, there's nothing in immediate movements suggesting such reversal is possible. Instead, it looks like below 4.5 should continue weakness down to 4.16 initially with secondary, if (when) broken at 3.97. We would hope for a bounce, if 3.97 achieved. In fact, if any strength is present, a bounce should occur prior to such a number.

    Curiously, the price is already illustrating some interesting potentials for the near term. Now above 4.91 promises to light the path to an initial useless 5.08. This is actually fairly important as above such a target allows travel to 5.5, perhaps even the 6 dollar mark, if driven by positive news flow. Visually, there's a pretty strong suggestion of some hesitation, should the 6 dollar mark make its presence felt. Only with closure above the 6 dollar mark will it require evaluated again for the longer term as some true recovery becomes probable.

    Here's a link to the associated chart. Cannot figure out how to upload an image with the text post.

    http://www.trendsandtargets.com/img/apha.jpg

    submitted by /u/CharleyPen
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    Tanger Factory Outlet was up 10% today.

    Posted: 08 Jan 2020 11:08 PM PST

    Why was SKT up 10% yesterday. I couldn't find any news on it.

    submitted by /u/CrushingInvesting
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    Book suggestions?

    Posted: 08 Jan 2020 09:59 PM PST

    I'm a self taught investor, I am 20 years old and have $1,000 to play with. My risk tolerance is pretty high, though I'd like to not just throw my money in the market purely for education purposes.

    Is there any books or courses you people would recommend for beginners?

    submitted by /u/ashtonmango
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