• Breaking News

    Monday, March 23, 2020

    Stock Market - Apple loses $1 trillion status for now as coronavirus fallout slashes market

    Stock Market - Apple loses $1 trillion status for now as coronavirus fallout slashes market


    Apple loses $1 trillion status for now as coronavirus fallout slashes market

    Posted: 23 Mar 2020 11:06 AM PDT

    Apple loses $1 trillion status for now as coronavirus fallout slashes market

    Apple's stock dropped another 3% which put the company below a $1 trillion-dollar valuation.

    https://9to5mac.com/2020/03/23/apple-loses-1-trillion-status-for-now-coronavirus-fallout/

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

    Global economy will suffer for years to come, says OECD

    Posted: 23 Mar 2020 06:04 AM PDT

    The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation and Development has warned.

    Angel Gurría, OECD secretary general, said the economic shock was already bigger than the financial crisis.

    He told the BBC it was "wishful thinking" to believe that countries would bounce back quickly.

    The OECD has called on governments to rip up spending rules to ensure speedy testing and treatment of the virus...

    https://www.bbc.com/news/business-52000219

    submitted by /u/cannainform2
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    Today's Stock Market News [Monday, March 23rd, 2020]

    Posted: 23 Mar 2020 05:42 AM PDT

    Good morning traders and investors of the r/StockMarket sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM-


    (CLICK HERE TO VIEW THE FULL SOURCE!)

    Today's Top Headlines for Monday, March 23rd, 2020

    • U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% "limit down" overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday's session, the Dow was off more than 35% from last month's record highs. The New York Stock Exchange's trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.

    • Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday's vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.

    • The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.

    • Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China's 3,274 deaths are second to Italy's 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won't send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.

    • Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.

    STOCK FUTURES CURRENTLY:

    (CLICK HERE FOR STOCK FUTURES CHARTS!)

    LAST WEEK'S MARKET MAP:

    (CLICK HERE FOR LAST WEEK'S MARKET MAP!)

    TODAY'S MARKET MAP:

    (CLICK HERE FOR TODAY'S MARKET MAP!)

    LAST WEEK'S S&P SECTORS:

    (CLICK HERE FOR LAST WEEK'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:

    ($MU $LULU $NKE $PAYS $SIG $PAYX $GME $ONTX $CSIQ $JT $INFO $GO $WGO $LX $SCVL $SNX $HOME $BWAY $AEYE $KBH $RKDA $FDS $ERJ $PRGS $OPGN $SCS $NEOG $PUMP $HYRE $AIR $MYOS $LIQT $SAIC $SCWX $ESLT $VTSI $OCGN $QIWI $WOR $TNP $HTHT)

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

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    ()

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

    N/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!)

    FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

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

    FRIDAY'S INSIDER TRADING FILINGS:

    (CLICK HERE FOR FRIDAY'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!)
    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)

    THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

    • NFLX
    • MMM
    • PCG
    • AME
    • ITCI
    • GDX
    • CAT
    • URGN
    • MYGN
    • EVBG

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Boeing (BA) – Boeing was upgraded to "buy" from "neutral" at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.

    STOCK SYMBOL: BA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Coca-Cola (KO) – Coca-Cola was upgraded to "overweight" from "neutral" at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.

    STOCK SYMBOL: KO

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.

    STOCK SYMBOL: DE

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon's move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.

    STOCK SYMBOL: AMZN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Danaher (DHR) – Danaher's Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.

    STOCK SYMBOL: DHR

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Netflix (NFLX) – Netflix was upgraded to "outperform" from "neutral" at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.

    STOCK SYMBOL: NFLX

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.

    STOCK SYMBOL: AAPL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Newmont (NEM) – Newmont withdrew its 2020 outlook, with the mining company planning to defer some of its production to 2021.

    STOCK SYMBOL: NEM

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.

    STOCK SYMBOL: OXY

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month's announcement that Murren would vacate that position.

    STOCK SYMBOL: MGM

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Gilead Sciences (GILD) – The drugmaker put emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand.

    STOCK SYMBOL: GILD

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.

    STOCK SYMBOL: BBY

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Starbucks (SBUX) – The coffee chain is closing most of its company cafes across North America for two weeks, limiting service to drive-through.

    STOCK SYMBOL: SBUX

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Tiffany (TIF) – French luxury goods maker LVMH denied last week's reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.

    STOCK SYMBOL: TIF

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Bed Bath & Beyond (BBBY) – The housewares retailer is closing its flagship-branded stores until April 3, to help stop the spread of the coronavirus.

    STOCK SYMBOL: BBBY

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.

    STOCK SYMBOL: MAR

    (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 is 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 Monday, March 23rd, 2020! :)

    submitted by /u/bigbear0083
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    Opportunity in gold.

    Posted: 23 Mar 2020 11:43 AM PDT

    I think we are about to see a pretty powerful gold rally in the next week or two. Today gld is not stopping it's upward momentum for any reason. We are seeing a lot of strength in the buying with high volume and steady ascent.

    My reasons for calling a gold buy are this:

    1. We are seeing a disconnect now between the movements of gold and the S&P 500. The deflationary environment of basically all assets there for a week or two has seemingly ended and the steady flow to gold as safe haven I believe has begun. Those who were going to sell their gold have and now we are seeing the steady flow buying as this virus gets worse and worse and the central bank extends it's balance sheet further to prop up markets.
    2. Now that the relationship has deteriorated and gold appears to be transitioning to a negative relationship with spy it provides a strong hedge against the downsides of the virus and financial turmoil. With US oil suffering immensely and the virus ravaging the nation we could see a credit crunch as some banks suffering immensely on credit lines that are extended currently. Gold loves financial turmoil much more than it responds to real world demand shocks.
    3. Once it begins it's upward trajectory and investors realize it's regained safe haven status we are going to see a massive spike in price.

    Note: It's important to realize that gold also is driven by demand for it in electronics and other industries and it's sharp deflation at the onset of the downturn was probably a response to the possible lack of demand. The virus could get bad enough that gold suffers because the demand for it as a safe haven is offset by the lack of real world demand for the metal.

    Also I am unsure of how exactly gold will respond when the stimulus bill inevitably passes.

    As always I could very well be wrong and am happy hear any reasons why. My own perspective could easily missed important aspects of the gold market.

    submitted by /u/Talmrktwzrd
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    Will the market stop falling before the virus is contained ?

    Posted: 23 Mar 2020 05:54 PM PDT

    I mostly leave my 401K in a Dow based fund but i was watching the coronavirus before most people were and I figured it was good for a dip so i moved it all to government securities in late February.

    Well that was a better move than i expected.

    Question now is when to jump back in and how to decide?

    A lot of experts talk about theoretical bottoms and the impact of stimulus and i wonder if that matters.

    i don't see how anything can go up at all until we have no new cases for a few days or some other significant event that shows we've beat it, or a readily available treatment or a vaccine.

    In 2000 the market recovered faster than all the dot-com folks bounced back and in 2008 the market started climbing long before home prices came back.

    THoughts?

    submitted by /u/SuddenlySilva
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    Piotroski F-Score | A stock screeners with an annual 15% return based on metrics from Stanford (Video)

    Posted: 23 Mar 2020 08:43 AM PDT

    YouTube: https://youtu.be/-a-PzeXZmf8

    Joseph D. Piotroski works as an Associate Professor of Accounting at the Stanford Graduate School of Business.

    In 2000, he wrote the paper, Value Investing: The Use of Historical Financial Information to Separate Winners from Losers. It was this paper that outlined 9 fundamental ranking criteria for picking winning stocks.

    Using his stock-picking criteria, he was able to theoretically average 23% annual gains between the years 1976 and 1996. In 2020, the annual return is down to 15%. However, the method works extremely well after a recession with a return of 138% in 2010.

    During 2010 as the market sprang back to life, his strategy worked over 5 times better than his previous average. Piotroski F-Score is a number between 0-9 which is used to assess the strength of a company's financial position. The Score is used by financial investors in order to find the best value stocks (nine being the best).

    F-score Screener ( List of 8-9 companies) : https://www.marketinout.com/stock-screener/industry.php?picker=piotroski_f_score

    Finbox ( Get intrinic value) : https://finbox.com/?r=gek98um

    Gurufocus ( Get F-score on a company) : https://www.gurufocus.com/

    AAII ( List of different methods with returns) : https://www.aaii.com/stockideas/performance?sort=TOTAL&order=0

    submitted by /u/financialbreading1
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    STATE OF THE MARKET - Recording from last night's livestream!

    Posted: 23 Mar 2020 05:48 PM PDT

    First of all a huge thanks to everyone who came to last night's live stream - we had a record turnout and spent nearly an hour and a half talking about everything that's been going on for the last several months in the stock market and it was really quite awesome!

    Specifically in this stream we covered the state of the market as it relates to the outbreak of COVID-19 (coronavirus), including:

    • Why the market is crashing

    • How limit up and limit down works

    • Investing in airlines and cruise stocks

    • The fall and future of Boeing

    • The recent actions of the federal reserve

    • Where we go from here

    This was kind of an impromptu stream but IMO turned out to be one of the best so far and touched on many current issues that are affecting the global economy so if you're looking for a broad summary of how all these pieces fit together, this is it.

    Anyway, here is the link! I also shared the slides and you can access those here

    Feel free to discuss. I'll see ya next time!

    submitted by /u/ghostofgbt
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    Unemployment Numbers

    Posted: 23 Mar 2020 03:55 PM PDT

    I was tempted to jump back in the market today, but half the people I know are laid off or on reduced hours. Me and my wife both were laid off last week.

    I have been trying all day to file unemployment. The site has been crashing all day and for the last 5 hours it's been completely down.

    I'm not touching this market until this weeks numbers are released. I know alot of bad news has already been priced in, but I think the weekly numbers for unemployment for the next two weeks might shock everyone.

    submitted by /u/Adrew6677
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    The 1918 Spanish Flu Bear Market, can't be compared with the 2020 Coronavirus Crash...

    Posted: 23 Mar 2020 06:19 PM PDT

    VIX decreasing today

    Posted: 23 Mar 2020 04:45 PM PDT

    Volatility has taken a nosedive since last Saturday but the stock market has been falling. This strikes me as odd because VIX usually increases with a decreasing market. Will volatility increase soon? If so, why?

    submitted by /u/SubtleBang1
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    How are Volatility stocks down so much when the market is tanking??

    Posted: 23 Mar 2020 11:21 AM PDT

    Obviously, this is an unprecedented time in the economy, when the stock market can drop over 35% in a couple of weeks. Up until the last few trading sessions volatility stocks (personally I'm deep in TVIX) have performed in accordance with the market's performance.

    But in the last couple of trading sessions, it's been bizarre. I can't understand how in the hell the market can be down over 600 points, just a slaughterfest, but my volatility stock is down over 20%. It's been my understanding that the lower the market drops, the more futures contracts are set in place. But I don't understand what's going on at all here.

    That being said, I'm a total, world-class, lay dipshit, so the simpler an answer the more I'd appreciate the insight. Thank you Reddit!

    submitted by /u/EatAnImpeachment
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    When to start investing again?

    Posted: 23 Mar 2020 04:22 PM PDT

    Hello all,

    I am just wondering when a good time is to invest back into stocks?

    When are you all planning to invest back into stocks?

    Thank you.

    Sincerely,

    A rookie investor

    submitted by /u/ilovemydogpiero
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    I'm an idiot who rode the hype and bought puts and need advice on what to do with them

    Posted: 23 Mar 2020 06:42 AM PDT

    I'm holding T 27.50p for 3/27 and it's already hit the strike price. Would the put gain money if I hold it until friday, or should I sell it today to guarantee gains? There's definitely still room for growth, but I'm new and not sure what to do with it. Thank you to anyone who can give me some advice.

    submitted by /u/Gahorma
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    Can someone please explain injecting money and why it's good or bad?

    Posted: 23 Mar 2020 08:01 PM PDT

    Ok so for the last year or so I've been really into money for some reason. The only investments I have is my RRSP and they're all in high risk US and global equity because I'm young and not going to retire for an other 30+ years.

    Anyways, so basically we know that the stock market crashed. When the stock market crashes, where does the money go? Into thin air? Is there less currency in circulation now?

    I understand that central banks can "create" money which is the modern equivalent of printing it. Are they basically trying to reintroduce some of the currency that was lost in the stock market crash?

    How is this going to affect inflation?

    Is that money that the fed is creating also helping to pay for the coronavirus response such as the money that everyone is getting, mortgage payments being deferred, utilities being deferred etc?

    I live in Canada so I'm kind of talking about the federal reserve and the bank of Canada, I assume both of these central banks work the same.

    submitted by /u/Gay_Diesel_Mechanic
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    Index fund (VFAIX) vs ETF (VOO)?

    Posted: 23 Mar 2020 01:27 PM PDT

    I'm 25, thinking about entering the stock market for the first time soon. Currently trying to decide between these two options. I've done some reading on the differences between them but it's still difficult to fully understand, and I'm not sure which one would be better for my situation.

    I have enough money for the minimum fund amount, so that's not going to be a deciding factor for me. I would like to add money into the market on a regular basis (either monthly or bimonthly), and want the least headache for doing this. If I can set up something automatic that would be ideal. I basically plan on investing a minimum of 500-1000 per month after my initial investment (either fund or ETF), and am in it for the long term. I don't plan on pulling out my holdings for at least 15-20 years, if not longer.

    submitted by /u/dreamingplays
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    Let me preface by saying there are far more important things going on now, but what stocks do we think are poised for a big comeback following the curve flattening?

    Posted: 23 Mar 2020 11:27 AM PDT

    Not to gloat but my personal fear index was high enough that I moved all my positions to the sideline on Friday 03/06 when the market was at 25,500. I am about 10 years from retiring but find myself sitting on a considerable amount of funds. As this is likely (hopefully) the last very significant market swing I will endure in my working life, I'm hoping to get some ideas of stocks that are poised to make the biggest return following the bottom. My portfolio is down by 10% following the high, but I feel like there are some stocks that will rocket back allowing me to buy at some good prices. Half my portfolio is locked into my 401 which is limited to select funds so I'm I'm looking for ideas for the half that can be freely invested. Thanks in advance.

    submitted by /u/Highlander1732
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    Will basically all stocks continue to plummet as the “lock-down” of America’s citizens increases?

    Posted: 23 Mar 2020 06:09 PM PDT

    Obviously there will be less money spent as a whole, and some stocks are bound to continue rising (medicines/grocery?) but I'm wondering what you guys think is going to happen to the rest of the markets.

    submitted by /u/cjpthompson
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    Suspicious Executive Purchasing Activity at Carpenter Tech Corp ($CRS)

    Posted: 23 Mar 2020 02:10 PM PDT

    Carpenter Technology Corporation ($CRS) - Insider Purchasing

    From Yahoo Finance:

    Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools, and metal powders and parts.

    The Form 4 activity shows some purchasing activity by 3 of their executives and 1 of their Directors. Not the most compelling purchasing activity as only 3 of the 5 executives made purchases and most of the purchases weren't huge, but the General Counsel did purchase $220,000 worth of stock increasing his shares by 49%.

    Date Executive Name Title Type Stock Type Avg Price Total Purchased # of Shares Total Shares Share Increase
    2020-03-18 James Dee General Counsel P-Purchase Common $22.00 $220.0K 10.0K 30.5K 49%
    2020-03-18 Tony Thene CEO P-Purchase Common $17.72 $97.5K 5.5K 164.1K 3%
    2020-03-18 Brian Malloy Chief Commercial Officer P-Purchase Common $17.63 $52.9K 3.0K 30.5K 11%
    2020-03-10 Robert McMaster Director P-Purchase Common $28.05 $42.1K 1.5K 5.1K 42%

    The individual Form 4 forms do not give any explanation for these purchases, so it is safe to assume these purchases are not for any pre-arranged plans.

    The Proxy Statement tells us that Carpenter Tech has stock ownership guidelines that require the CEO to own 5x their base salary in stock, the SVPs to own 3x their base salaries, and the VPs to own 2x their base salaries.

    Before the market crash, all of the executives were well above their required ownership amount, but the crash put everyone well below their requirements and none of their purchasing activity has pushed them over the requirement.

    Date Executive Name Title $ Amt Owned $ Amt Required Delta
    2020-03-18 James Dee General Counsel $455.6K $846.0K -$390.4K
    2020-03-18 Tony Thene CEO $2.4M $4.5M -$2007.8K
    2020-03-18 Brian Malloy Chief Commercial Officer $455.7K $849.2K -$393.5K
    2020-03-10 Robert McMaster Director $75.5K $330.0K -$254.5K
    submitted by /u/Connorvo
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    Stock Watch List March 23, 2020

    Posted: 23 Mar 2020 05:48 AM PDT

    Good Morning. Here's my watch list for today.

    Gap Ups: BNTX, DHR, FTI, MEDS (low daily volume), ROKU (over Fridays High), SDGR, ZM

    Gap Down: BLPH, ALC

    Possible bounce plays if market holds: BA (over 185), HAS (over 51)

    Edit. I meant BA over 105. Sorry about the confusion. Someone alerted me to this earlier but I was in the midst of trading and did not realize the mistake. Thanks to the person that called me out, I should have noticed

    SPY still hanging out around support. We are seeing buying happening pre market with buyers stepping in at 218. Still a chance this support level holds. So far this is looking like it could be a choppy day. If the market drops, these bounces we saw last week in most stocks can turn into dead cat bounces and I'll look to try and short them back to support. If the market stays strong we may see a continuation of strength. I'll be focusing on TQQQ as I feel it will have a range and may move cleaner than individual stocks. Being patient in this market. If the market falls, here are the circuit breaker levels.

    • Level 1: A drop of 7% from the prior day's closing price of the S&P 500 triggers a 15-minute trading halt. Trading is not halted if the drop occurs at or after 3:25 p.m. ET.
    • Level 2: A drop of 13% triggers a 15-minute halt. Trading is not halted if the drop occurs at or after 3:25 p.m. ET.
    • Level 3: A drop of 20% triggers a halt for the rest of the trading day, and trading resumes the following day.

    Good luck trading, and remember cash is a position

    submitted by /u/Kant_sleep13
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    Why the Market WON’T Bounce Right back

    Posted: 23 Mar 2020 08:06 AM PDT

    Entropy

    Narrowing secular passive investment trends have been the key to such a steady march upwards over the last decade. This increasingly polarized investment trend of passively directing stock purchase towards large cap companies has stifled critical price discovery achieved through fundamental security level analysis. We are now transitioning into highly volatile times as the market advances from a "low entropy state" to a "high entropy state".

    Let me explain what I mean by "entropy" a little better. Over the past decade, individual investing strategies have become increasingly correlated with one another. This simply means that your investment allocations, the individual companies you implicitly own, have likely been very similar to that of the person standing next to you. Moving forward in time, that correlation will diminish as investor strategies diverge through a process of seeking more adequately valued assets.

    Individual Retirement Savings Plans (think 401k)

    Herding individual investors into retirement savings plans (with few options in the way of true investment autonomy) has created a beast. Not only has it created the beast, it only provides the investor with a narrow spread of options which are, in effect, now a volatility engine with the ability to rebalance asset classes from anywhere rapidly.

    Available Liquidity

    There isn't even enough investor money in the market at present to bring it back to January 2020 levels. Over the past month, much destruction has already occurred to capital and valuations are down.

    The Fed

    The Federal Reserve has been propping up both lending institutions and an unknown number of companies since the great recession (the means by which this has been accomplished is complicated and outside the focus of this article). The Fed's easing will now need to be aimed more directly to the common people of this country instead of those who own vast amounts of wealth.

    Conclusion

    The assumpon that the market, as most people gauge it, will bounce right back after COVID-19 presupposes that investor sentiments will suddenly merge in harmony. This is not likely to happen. We are at the opening gates of a very necessary investor paradigm shift.

    submitted by /u/PracticalChicken1
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    Is there any benefit in investing in many speciality ETF's vs. generic ones?

    Posted: 23 Mar 2020 12:56 PM PDT

    When I started investing with my IRA I just stuck to the Target Date Fund because it was diverse and simple

    Then I realized that the expense ratio for that was much higher than just buying individual ETFs, so I stopped putting money in that fund and started just splitting between VOO, VEA, and BND

    Recently I have looked more into sector-specific ETFs and have put in for single-digit numbers of shares in VHT (healtcare), VDE (oil), and VNQ (real estate), along with VXUS.

    So now instead of having just 3 funds in my portfolio, I have like 7

    But I am not sure if theres really any advantage in having smaller amounts in all these sector-specific funds instead of just focusing on the bigger-picture funds like VOO. Is there? At the very least, the expense ratios for the sector-funds are much higher.

    submitted by /u/Mindless_Development
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    New York Times Beirut Bureau Chief discusses Saudi Arabia’s Oil Price War & the Rise of Mohammed Bin Salman

    Posted: 23 Mar 2020 12:29 PM PDT

    Listen To Full Episode

    Demetri Kofinas speaks with Ben Hubbard, the Beirut bureau chief for The New York Times about Saudi Arabia and the rise to power of Mohammed bin Salman. Topics include the ongoing oil price war, tensions with Iran, the war in Yemen, and the geopolitics of the Middle East. The two also discuss the impact of coronavirus for the region's politics and security.

    According to Ben Hubbard, when King Salman of Saudi Arabia ascended to the throne in January 2015 and began bestowing enormous powers on his 29-year-old son, Mohammed bin Salman, it sent minds reeling. Given Saudi Arabia's importance as the wealthiest country in the Middle East and a key partner of the West, foreign officials, journalists, experts, and spies had long scrutinized the Saudi royal family to anticipate who might come to power in the future—and MBS, as he was known, had remained far off the radar. Who, they wondered, was this inexperienced young prince who swiftly asserted his control over the kingdom's oil, military, finances, and domestic and foreign policy? And could he be trusted?

    submitted by /u/cpclos
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