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    Thursday, April 30, 2020

    Stock Market - Fundamentals are gone

    Stock Market - Fundamentals are gone


    Fundamentals are gone

    Posted: 30 Apr 2020 12:25 PM PDT

    Is there anyone else out there who believes that the fundamental basics of economics are completely gone?

    There is no logic to the market anymore.

    A companies value has nothing to do with the company.

    At this point, what could make the market drop?

    I feel like trump could fuck a pig on live tv while announcing that he is god emperor, and stocks would be up 10%

    submitted by /u/RobotBrunch
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    Oil major Shell slashes dividend for the first time since World War II

    Posted: 30 Apr 2020 04:19 AM PDT

    https://www.cnbc.com/2020/04/30/shell-q1-2020-results.html

    Net income attributable to shareholders on a current cost of supplies (CCS) basis and excluding identified items, which is used as a proxy for net profit, came in at $2.9 billion for the first quarter of 2020.

    The board at Shell said it had decided to reduce the oil major's first-quarter dividend to $0.16 per share, down from $0.47 at the end of 2019. That's a reduction of 66%.

    Shares of Shell dropped to the bottom of the European benchmark during early morning deals, down more than 7%.

    submitted by /u/coolcomfort123
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    Significant Insider Trading Activity (Last 7 Days)

    Posted: 30 Apr 2020 09:20 AM PDT

    This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information that has not been made public. So for example if there are drug trial results that are bad and not public, insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report.

    Largest Insider Buying (Last 7 Days)

    Company Count Shares Changed Avg. Price Value Change
    LVNVF / Levon Resources Ltd. 1 9,090,909 1 10,000,000
    ORIC / Oric Pharmaceuticals, Inc. 2 562,500 16 9,000,000
    FPH / Five Point Holdings, LLC 3 968,586 4 4,164,920
    OCX / OncoCyte Corporation 2 1,050,000 1 2,383,500
    FRG / Franchise Group, Inc. 1 150,000 10 1,500,000
    SMPL / The Simply Good Foods Company 1 87,862 17 1,483,374
    PHD / Pioneer Floating Rate Trust 3 105,299 8 892,728
    CTDH / CTD Holdings, Inc. 6 6,230,030 0 623,003
    EDI / Stone Harbor Emerging Markets Total Income Fund 2 100,837 6 592,694
    TRST / TrustCo Bank Corp. NY 5 98,347 6 572,647
    RGT / Royce Global Value Trust, Inc. 5 56,891 10 544,340
    EHI / Western Asset Global High Income Fund Inc. 2 53,438 8 436,944
    WBS / Webster Financial Corp. 2 13,000 25 328,023
    SFNC / Simmons First National Corporation 4 18,000 17 307,320
    EIG / Employers Holdings , Inc. 3 7,810 30 229,861
    VOXX / VOXX International Corp. 5 43,900 5 220,712
    ALLY / Ally Financial Inc. 1 15,000 14 213,750
    NHS / Neuberger Berman High Yield Strategies Fund 2 21,476 9 201,201
    T / AT & T, Inc. 1 6,754 29 198,466
    CCBG / Capital City Bank Group, Inc. 2 6,315 21 128,173
    ISTR / Investar Holding Corporation 1 9,054 14 122,229
    HT / Hersha Hospitality Trust 3 25,627 4 107,976
    MDWT / Midwest Holding Inc. 1 2,222,223 0 100,000
    DHX / DHI Group, Inc. 1 36,800 3 98,992
    PBIP / Prudential Bancorp, Inc. 1 8,500 11 94,775
    SCHW / Schwab Charles Corp 1 2,460 37 90,368
    BQH / BlackRock New York Municipal Bond Trust 1 5,685 14 80,898
    MSBI / Midland States Bancorp, Inc. 1 5,000 16 77,557
    KO / Coca Cola Co. 1 1,650 47 76,898
    RBB / RBB Bancorp 2 6,500 12 75,838
    NKSH / National Bankshares, Inc. 2 2,390 30 69,993
    ADS / Alliance Data Systems Corp. 1 1,500 42 63,285
    CWBC / Community West Bancshares 5 8,800 6 55,268
    ICMB / Investcorp Credit Management BDC, Inc. 4 11,180 5 53,836
    AXDX / Accelerate Diagnostics, Inc. 1 5,001 10 50,010
    UVSP / Univest Corp. of Pennsylvania 4 2,970 16 45,872
    BOTJ / Bank of the James Financial Group, Inc. 4 4,532 10 44,919
    LCNB / LCNB Corp. 2 3,250 12 38,970
    QTM / Quantum Corp. 1 9,036 4 34,337
    CZFS / Citizens Financial Services, Inc. 1 600 54 32,400

    Largest Insider Selling (Last 7 Days)

    Company Count Shares Change Avg. Price Value Change
    GO / Grocery Outlet Holding Corp. 7 -17,250,000 33 -564,506,250
    PG / Procter & Gamble Co. (The) 1 -3,500,000 119 -417,235,000
    LLY / Eli Lilly & Co. 5 -232,663 163 -37,814,933
    CAG / ConAgra Foods, Inc. 3 -879,649 35 -30,579,106
    LULU / lululemon athletica inc. 4 -89,455 224 -19,999,912
    TDY / Teledyne Technologies Inc. 11 -38,532 325 -12,920,988
    AYTU / Aytu BioScience, Inc. 2 -5,108,921 1 -9,298,236
    BMRN / BioMarin Pharmaceutical, Inc. 5 -60,000 97 -5,823,817
    KMB / Kimberly-Clark Corp. 2 -37,857 141 -5,319,507
    BAX / Baxter International, Inc. 2 -47,146 93 -4,390,608
    POOL / Pool Corp. 3 -18,302 223 -4,076,884
    VRSN / VeriSign, Inc. 3 -17,000 214 -3,640,714
    CRWD / CrowdStrike Holdings, Inc. Class A 4 -42,600 72 -3,052,354
    BLK / BlackRock, Inc. 4 -6,046 501 -3,041,391
    VSTM / Verastem, Inc. 1 -1,301,300 2 -3,002,099
    WST / West Pharmaceutical Services, Inc. 5 -14,692 198 -2,894,749
    STX / Seagate Technology PLC 1 -46,064 50 -2,280,490
    AMK / AssetMark Financial Holdings, Inc. 11 -80,536 23 -1,864,741
    SWFT / Swift Transportation Company 1 -50,000 37 -1,839,485
    DPZ / Dominos Pizza Inc. 2 -4,675 371 -1,732,567
    TSCO / Tractor Supply Co. 3 -15,829 104 -1,644,334
    NFLX / Netflix, Inc. 1 -3,789 419 -1,586,210
    USNA / USANA Health Sciences, Inc. 6 -17,942 84 -1,503,833
    FRG / Franchise Group, Inc. 1 -150,000 10 -1,500,000
    CNS / Cohen & Steers Inc. 3 -28,027 53 -1,474,104
    PLD / Prologis, Inc. 2 -13,524 90 -1,218,512
    ZYXI / Zynex, Inc. 3 -75,143 16 -1,184,990
    SAM / Boston Beer Company, Inc. (THE) 1 -2,500 465 -1,162,500
    TXN / Texas Instruments Inc. 2 -8,575 116 -991,268
    SLP / Simulations Plus, Inc. 1 -24,000 41 -990,000
    CMG / Chipotle Mexican Grill, Inc. 1 -936 900 -842,400
    CBU / Community Bank System, Inc. 3 -12,503 63 -776,475
    MS / Morgan Stanley 1 -18,174 41 -737,319
    NDAQ / Nasdaq, Inc. 4 -6,512 111 -720,273
    SIVB / SVB Financial Group 2 -3,767 192 -714,278
    A / Agilent Technologies, Inc. 1 -8,814 76 -671,583
    GGO / The Gabelli Go Anywhere Trust 2 -14,500 40 -581,524
    PCAR / PACCAR, Inc. 3 -7,387 68 -505,182
    QADA / QAD, Inc. 3 -11,389 44 -501,266
    VICR / Vicor Corp. 4 -9,564 51 -491,872

    Count column is number of transactions.

    Source: Fintel.io/insiders

    submitted by /u/badpauly
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    Looking for guidance

    Posted: 30 Apr 2020 08:34 PM PDT

    I have a few stocks I've invested in but my question is in regards to 3 that I've been following all of which I'm in the green. I'm kicking myself for selling my shares of CCL and MGM that I had a couple weeks ago because of a few red days. Still made a profit but my average for CCL then was close to $8!

    ERI up 18% average cost $18.17 MGM up 35% average cost $12.48 CCL up 25% average cost $12.72

    What is the best course of action here. My initial thoughts are keep what I have even if the prices drop and keep buying in to drop my average cost. On the other hand part of me is telling myself sell the percentage I need to to break even on my initial investment and ride on just my profits and then buy back during any dips. The problem being you can't time the market and who knows if there would be dips enough to come back in lower than my current averages.

    I've learned a few lessons so far for only being in this game a few weeks. I think the biggest two were using limits when placing orders after hours so I don't end up spending more than intended at opening and the second being to stick to the stocks I've been focusing on and not letting hype trains veer me towards other stocks I don't even know what they are... my 100 shares of UAVS falls into both those lessons. I knew what the company was just not the background story of what looks to be a pump and dump something I also just learned about haha!

    All in all my entire portfolio is risk reward based. I haven't gotten crazy and only started with a bank roll of $7,400. I currently have about $750 left I'm looking to pop into something.

    Other stocks I was eyeing include ERIC, SIX, FUN, DAL, QCOM, SWKS, DKNG, RTX, SYF.

    Anyways, thoughts and opinions are all welcome! I really need to find some good podcasts to listen to. I watched a video of Cramer on mad money saying that everything is pointing to sell with his indicators of the level the S&P is at I think it was ..... have a nice night everyone!

    submitted by /u/zandarkyn21
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    Apple iPhone revenue drops 7% from last year as coronavirus hits supply chain and demand

    Posted: 30 Apr 2020 01:39 PM PDT

    https://www.cnbc.com/2020/04/30/apple-aapl-earnings-q2-2020.html

    EPS: $2.55 per share, adjusted

    Revenue: $58.3 billion

    iPhone revenue: $28.96 billion

    Services revenue: $13.34 billion

    Mac revenue: $5.35 billion

    iPad revenue: $4.36 billion

    Wearables, Home, and Accessories revenue: $10.01 billion

    Gross margin: 38.4%

    Apple will also continue to buy back its stock amid the pandemic, the company said. It has authorized an increase of $50 billion in the company's share repurchase program, in addition to a $0.82 cent dividend. In Apple's fiscal 2019, it spent $67.1 billion repurchasing shares and $14.1 billion on dividends.

    Apple's cash hoard now stands at $192.8 billion, down from $207.1 billion at the end of the previous quarter.

    submitted by /u/coolcomfort123
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    Good Scanner For Day Trading Large Caps?

    Posted: 30 Apr 2020 09:41 PM PDT

    I'm moving from small cap day trading to large cap day trading. I am wondering what scan criteria you large cap day traders use to find volatility day to day. My small cap scanners always worked great in thinkorswim but switching to large cap I'm unsure about what criteria I should be looking for.

    submitted by /u/joev1983
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    Congratulations to our r/StockMarket April 2020 Stock Picking Contest WINNER -- yeet master!

    Posted: 30 Apr 2020 01:17 PM PDT

    Broker question

    Posted: 30 Apr 2020 10:17 PM PDT

    If my broker says I must have a certain net worth to purchase a stock, which I do not have. Can someone else with that required net worth purchase the stock then gift it to me? Would that work or no? Thank you

    submitted by /u/bagfka
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    Second Half Recovery

    Posted: 30 Apr 2020 08:54 AM PDT

    The official line from the Trump administration is that the second half of the year should rebound. Kushner even said it would be "really rocking again".

    If that's true, then the Fed should have no problem unwinding all of this stimulus and there should be no problem raising taxes to payback the handouts we borrowed. Companies should easily be able to repay the loans and the Fed can also unwind the $3 trillion left over from the housing bust and raise Fed Funds to something reasonable like 3%+.

    submitted by /u/jedisneverdie
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    Question regarding stock buybacks

    Posted: 30 Apr 2020 05:52 PM PDT

    Here's a question from a dummy that's still learning the basics of the stock market: what if a company announces a stock buyback, but it cannot find sellers for the stock that it wants to buy back? Is that even a viable scenario? If it is, how does the company deal with it? Does it keep increasing the offer price for each stock until it finds buyers? Have I just answered my own question?

    submitted by /u/mendelianPhenotype
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    Jnug stock

    Posted: 30 Apr 2020 09:37 PM PDT

    So I know Jnug did a reverse stock split of 10 to 1 in april. I could have sworn I saw the stock at around $5-7 / share in march. Other people saying they bought it at this price and I have a screenshot of it near this price. Why can't I find this price anywhere including 52 weeks lows? I know they also switched from triple leveraged to double leveraged but it makes no sense why I can't find the prior data.

    https://www.tradingview.com/chart/JNUG/sm4qGEEk-bought-500-i-know-didnt-know-bout-this-split-in-at-6-50-should/

    Thank you

    submitted by /u/charron23
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    how does one find information such as Hertz missing their second loan payment?

    Posted: 30 Apr 2020 06:09 AM PDT

    So yesterday I got burnt on HTZ ( I Had a limit order that filled when the news broke and started to drop) I know there's some individual out there that made money on this move. But how do you go about finding when loans for companies are due or if the company even has outstanding loans as it is?

    submitted by /u/TheCon7022
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    Real estate (brrrr strategy) vs stocks

    Posted: 30 Apr 2020 08:49 PM PDT

    Hello everyone

    Im a real estate investor, and ive been thinking about stocks amid this covid crisis. I still havent pulled the trigger although i am invested in index funds. Im not knocking on stocks, Im very much open to it, but ive been wondering how can stocks beat the returns im getting in my rental properties. Specifically single family homes.

    For instance around my market the average home is $300k. I usually buy my properties in C class neighborhoods for $100k with a 25% down payment. Renovations average 25k. So im 50k all in. Once i refinance im able to pull all of my 50k out. Have 40 - 50k in equity in each property while receiving monthly cash flow.

    After 5 properties, thats $250,00 equity, plus my orginal $50,000 and my anuall cashflow of $24,000 all within two years. Essentially my portfolio is an infinite return portfolio. How would i be able to earn these returns in the stock market within two years? With a 50k orginal investment? Like i said im open to stocks, is there a way to leverage with a specific strategy like how i specialize in real estate? Im genuinely curious. Thanks.

    submitted by /u/methosgeezer
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    Stock Watch List April 30, 2020

    Posted: 30 Apr 2020 05:45 AM PDT

    Good Morning, Here's My Watch List

    Gap Ups: BAX, FB, FLWS, HOLX, KHC, MSFT, MTDR, NCLH, NOW, OSTK, SIX, TPH, TSLA, UCTT

    Gap Downs: CHK, EBAY, MCD, TDOC, TWTR, ZM,

    Possible Day 2 plays: APA, MUR, NCLH, RCL (day 2 means it moved yesterday and may be in play today)

    Yesterday had some really good plays, wasn't as choppy as it has been recently. SPY sitting inside of yesterdays range but earnings season is in full swing and there are plenty of stocks gapping. I will be primarily focusing on earnings plays as these are usually the top movers and can far exceed their average ranges right now. Stay focused and only take good trades as there will be plenty of opportunites, it is not neccesary to take mediocre setups. Have a defined risk:reward calculated before entering into any position. Good luck Trading.

    submitted by /u/Kant_sleep13
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    5/01/2020 South Korea business news summary

    Posted: 30 Apr 2020 07:53 PM PDT

    The share of South Korean carmakers in the global market increased by 1.2 percentage points year over year to 8.4% in Q1 2020, while the global auto sales are expected to slip by 22% to 70.3 million units this year compared to last year.

    The number of corporate employees in South Korea dropped 1.2% year over year to 18.2 million, the first year-on-year decrease since the country's Ministry of Employment and Labor started collecting relevant data in 2009.

    South Korea's exports fell by 24.3% year over year to $36.9 billion in April mainly affected by the disrupted supply chains and sluggish business activities amid the coronavirus pandemic outbreak.

    (Source: Yonhap News Agency, BusinessKorea, CNBC)

    submitted by /u/theasiansbusiness
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    Why is Carnival’s next earnings report not until September?

    Posted: 30 Apr 2020 10:38 AM PDT

    Yahoo Finance says that Carnival ($CCL) doesn't report earnings until the end of September. How is this possible? Aren't all companies required to report earnings every 3 months?

    submitted by /u/imjustawolf
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    [Feedback needed] Fantasy stocks mobile game

    Posted: 30 Apr 2020 03:03 AM PDT

    We're developing a mobile game called Fantasy Invest and would appreciate your feedback. It's a kind of fantasy sports alternative with the stock market used as a substitute for DFS.

    Please tear our ideas apart in the comments (or maybe give us a suggestion).

    TL;DR: stocks as players, daily games, coins for good performance, coins can be redeemed for prizes. Money prizes, big contests, and private rooms in development.

    Stocks as players

    When we first had the idea to mix fantasy sports with the stock market, we wanted to keep things simple. So we ignored your typical stock market simulator with candlestick charts, bloated dashboards, and simulated money.

    Why can't we replace fantasy teams with fantasy portfolios and draft popular stocks instead of star players?

    We feed near real-time NASDAQ info in the game. Now you can pick real stocks with real performance data for your team/portfolio.

    Daily Games & Gameplay

    The problem with real-world stock picking is you need to wait for the results for months or even years. This is ~similar to the early days of fantasy sports, where we had to wait for the end of the season to claim winnings.

    DraftKings and other daily fantasy platforms solved this setback with daily fantasy games. So we decided to bring DFS to the stock-picking world.

    1. You just need to pick five popular stocks for your fantasy portfolio.
    2. Wait for the stock market to open
    3. Watch your portfolio go up and down during the session.
    4. At the end of the day, you can get your results. Not long enough to make you old.

    Coins & prizes

    Money prizes and paid tournaments are pretty complicated legally. As we wanted to ship our game fast, we decided to stick to the free-to-play model. You do not need to pay to enter. Instead, you just play and earn or lose internal coins. Coins can be redeemed for prizes.

    If you've lost, you can watch an ad to reset the balance.

    Money prizes & contests

    To make the game into a real fantasy sports alternative, we want to add money prizes in the future. We plan to add mass contests with prize pools and private competitions.

    You can try the playable prototype with coins/prizes on the App Store if you're interested.

    What do you think? Would you play such a game? What do we need to improve?

    submitted by /u/dmitry_crs
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    So this was the top right??

    Posted: 30 Apr 2020 06:50 PM PDT

    So this is it right? Golden pocket was rejected today, rsi signaling a reversal, after hours futures are continuing to fall... anyone wanna dare predict the size of this correction? Personally I'm praying for it. Bears?

    submitted by /u/tymo2121
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    What’re some good books for learning?

    Posted: 30 Apr 2020 09:54 AM PDT

    What are some of your favorite books more for the Intermediate-Advanced traders? I've read just about everything at beginner level over the years and now I'm looking to actually learn something out of a more complicated book. Any recommendations? Cheers!

    submitted by /u/pdxoss
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    How to see the volume in a candlestick graph?

    Posted: 30 Apr 2020 01:06 PM PDT

    I use Etoro and Plus500. I was unable to locate it. Is there a paid service so I can find the volume and moving average in the same graph and build my dashboard for day trading and swing trading?

    submitted by /u/rifaterdemsahin
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    Down on some stocks,is this a decent options strategy?

    Posted: 30 Apr 2020 04:46 PM PDT

    I'm down big on a few stocks, what do you think of this strategy to collect some premiums from options

    Sell both put and call options around the current price.

    Set stop orders up around both. If the stock goes up or down close enough where the option would get exercised, I'd have a purchase order (for the call) or a sell (for the put) set up so that I don't lose anything from the actual movement of the underlying regardless of direction but can keep the premiums.

    I'd do this weekly. I'd start tomorrow, probably not get more than $10-15 as I'm sure theta would have made the premiums pretty negligible.

    Ex: bought share for 55. Share is now worth 50.

    Sell 5/1 48p, set stop limit sell order for the underlying I already own at $48 so if it does go down to say $47, when the option expires And is exercised I'd have to purchase the shares back at $48 so that transaction is negated.

    Sell 5/1 52c, set stop limit to purchase the stock at $52. That way, if the underlying goes to $53, I'd have already purchased another 100 shares of the underlying for $52 bc of my order so when the option is exercised, the buy/sell for $52 can be negated.

    Any thoughts on this strategy? Doing it weekly might be tougher bc of the risk of overnight gapping up or down that I couldn't control.

    I'm thinking this is sort for a spin on the wheel strategy, doing both the cash covered puts and covered calls part at the same time.

    submitted by /u/doctrader
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    Crititique my stock picks

    Posted: 30 Apr 2020 04:36 PM PDT

    Im not invested in the market at the moment and I'm fairly new to investment as a whole (only been learning for about 8 months. Ive come up with what I think is a good long term bunch of blue chip stocks to pick but being such a novice Id like to see where I might be wrong. My picks are Amazon, Microsoft and Alphabet. The theory behind my picks is based around the cloud. With all 3 being the leaders in cloud computing and also having huge bussinesses outside of that I see them as safe bets that can also make huge gains (selling off any of them that look like there getting kicked out of the cloud game). I was thinking about adding alibaba too since they have a growing cloud segment and are also the main competitor to amazons online retail bussiness but I am yet to look into Alibaba as a company. Is this a good plan? Sorry if this is really basic like I said I am still learning.

    submitted by /u/postwarbeatle86
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    Market strategy moving forward

    Posted: 30 Apr 2020 03:06 AM PDT

    With stocks rebounding so much. What are your strategies moving forward?

    For me I am planning to just hold what I can currently invested in (tech heavy portfolio) and bunch of ETFs but I'm young and time is on my side.

    Be fearful when others are greedy. Stocks seem to be going up no matter what so I'm worried it will drop worst then before.

    Lets hear everyone's thoughts!

    submitted by /u/Aaronacorona
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