• Breaking News

    Friday, April 3, 2020

    Stock Market - US airlines would not need the bailout if they didn't spend their recent enormous profits buying back stock. They could've set up emergency funds. They didn't. The money spent for the stock are gone. Now they are bailed out with taxpayers' money. Mismanagement squared times recklessness = our loss.

    Stock Market - US airlines would not need the bailout if they didn't spend their recent enormous profits buying back stock. They could've set up emergency funds. They didn't. The money spent for the stock are gone. Now they are bailed out with taxpayers' money. Mismanagement squared times recklessness = our loss.


    US airlines would not need the bailout if they didn't spend their recent enormous profits buying back stock. They could've set up emergency funds. They didn't. The money spent for the stock are gone. Now they are bailed out with taxpayers' money. Mismanagement squared times recklessness = our loss.

    Posted: 03 Apr 2020 06:43 PM PDT

    US airlines would not need the bailout if they didn't spend their recent enormous profits buying back stock. They could've set up emergency funds. They didn't. The money spent for the stock are gone. Now they are bailed out with taxpayers' money. Mismanagement squared times recklessness = our loss

    "American airlines has spent $12.9 billion over the last six years on its own stock. People are mad because $12.6 billion is what it cost to pay the employees' salaries for an entire year "

    https://www.businessinsider.com/airline-stock-buybacks-versus-employee-compensation-2020-4

    submitted by /u/TypicalEnvironment
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    Airline Stocks

    Posted: 03 Apr 2020 11:24 AM PDT

    American Airlines is at a 52 week low and even lower than their initial drop in March. UA and DAL are on there way. They were hit with bad news that requires them to provide refunds instead of vouchers when it comes to cancellations and rebookings.

    Are you seeing any value in airlines yet?

    submitted by /u/Ivo_Brook
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    Berkshire Hathaway sold 13 million shares of DAL and 2.3 million of LUV one month after saying he won't be selling airlines stock.

    Posted: 03 Apr 2020 05:27 PM PDT

    "Berkshire Hathaway cut its stakes as airlines face a steep drop in travel demand due to the coronavirus pandemic. Nations have restricted travel, and passengers are cancelling flights. On Friday, the airlines were working to meet an initial application deadline for aid from the stimulus bill signed last week to cushion the economy against the pandemic.

    The sales of Delta stock — nearly 13 million shares, for around $314 million — were dated Wednesday and Thursday, according to the filing. Berkshire sold off 2.3 million shares in Southwest on those days as well as on March 16, transactions that totaled out to about $74 million.

    Berkshire Hathaway owned around 59 million shares of Delta following the sales. It owned 51.3 million shares of Southwest Airlines."

    "The oracular investor bought more Delta stock several weeks ago. Buffett told Yahoo Finance less than a month ago that "I won't be selling airline stocks."

    https://www.investors.com/news/warren-buffett-berkshire-hathaway-sells-delta-stock-southwest-stock-coronavirus/

    submitted by /u/8426578456985
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    “It’s only when the tide goes out that you discover who’s been swimming naked.” -WB

    Posted: 03 Apr 2020 01:59 PM PDT

    I would buy great companies with solid fundamentals now, provided they are on sale. As Warren Buffett once famously said, "it's only when the tide goes out that you discover who's been swimming naked." This means that a crisis is often a litmus test for affected businesses.

    Guys if you think America is going to go back to work like everything is fine and dandy in May, June, July? You are kidding yourself. Within the next 2 months we will start to see major companies filing for bankruptcy. We have not experienced full capitulation yet. The worst is yet to come.

    The mortgage industry? Fucked. The hospitality industry? Fucked. The airline industry? Fucked. The entertainment industry? Fucked. The gambling industry? Fucked. The oil industry? Fucked. And guess who makes their revenue from all these industries that are now about to fail and the people working for their industries? The banking industry. It's fucked too.

    submitted by /u/ZamanMahmoudi
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    Heard recently that car rental companies are considering selling all their inventories of cars.

    Posted: 03 Apr 2020 01:15 PM PDT

    This seems pretty drastic and a acceptance that business won't be back to normal for quite awhile. Another similar move was when Cheesecake Factory announced they stopped paying rent on all their locations.

    submitted by /u/seeknirvana
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    r/StockMarket April 2020 Contest update as of week ending 4/3/20

    Posted: 03 Apr 2020 02:57 PM PDT

    Anyone notice that Proshares is liquidating their ETFs?

    Posted: 03 Apr 2020 06:56 AM PDT

    I missed the news, but noticed that I couldn't get charts for $OILU, $RUSS, etc.

    Could they just not handle the volatility?

    submitted by /u/DeadnamingMissDaisy
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    16 year old looking for advice

    Posted: 03 Apr 2020 07:15 PM PDT

    Hello, so I'm 16 and I've got a job and have saved around £2000 and would like to experiment with the stock market my only issue is I have no idea what I'm doing, any tips or help would be great from anyone at all as I'd assume you all know more than I do. Thanks in advance.

    submitted by /u/JWH0705
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    Thoughts on Next Week

    Posted: 03 Apr 2020 01:56 PM PDT

    This week was a wild ride. The market took a roller coaster all week and ended down 1.5 points. I'm new to this and made stupid decisions based off not reading enough outside of major news networks. I read a lot yesterday and felt in my best judgement to sell everything and move it SPXS before close. This worked out for me to recover losses that would have otherwise continued until things began going up.

    This decision was based on my overall thought that the market is taking another swing down. I don't know how big but I believe the next 2 - 4 weeks will end down between 10-20% from today. The lack of spending is going to kill our economy. Companies are not buying new products and in turn companies are not selling products. This hasn't been included into the market price right now. Oil can only go up so much before the lack of demand takes a major toll.

    My plan right now, subject to change based on what comes out this weekend, is to continue my SPXS for until mid-week next week. What are your plans for next week after today's close?

    Disclaimer: I work in the medical device industry and have several friends in the medical field. Testing is still very low in most states like here in Texas and cases are being underreported. This has not gotten to the peak yet.

    submitted by /u/tvcbone
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    $GRUB

    Posted: 03 Apr 2020 06:39 PM PDT

    Is Boeing about to take off?

    Posted: 03 Apr 2020 11:48 AM PDT

    After looking at Boeing's 1 week and 1 month graphs I have noticed some interesting buy indicators.

    A) Boeing was basically at rock bottom before all other companies were, peaked at 180, then volume lowered, people stopped buying, and the people who bought at $100-$12" per share started selling to lock in profits. B) Volume this past week has dropped and is following a similar trend as it did when Boeing hit its initial low price of $100. C) for the past week Boeing's losses have gotten less and less until today it will finish in the green and start it's reversal to continue on its parabolic growth path. D) Possible cup and handle formation finishing today, indicating rapid growth in the near future. E) Boeing has the support of the US government, and even though the CEO says they will not accept a bailout, Nikki Haley's resignation from the board of directors leads me to believe they will accept the bailout and are just saying they aren't for public relations relations.

    Please respond with your thoughts and opinions on Boeing.

    submitted by /u/HighSocksWithSandals
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    Question about the bottom that isn't, "when is the bottom?".

    Posted: 03 Apr 2020 06:53 AM PDT

    Hey guys newer investor here, or should I say new roller coaster rider, either way, had a question for some of you and interested in multiple opinions. It seems there is a healthy mix of "we hit bottom" and "we have yet to come close to the bottom". I truly believe that the worst is yet to come, but i have also realized how out of touch the market is with reality, and maybe that is just my ignorance. The question i am wondering is, if that was the bottom, does it normally only last a week or so before it starts to make a recovery?

    submitted by /u/DjRipNickMcNasty
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    Travel industry stocks

    Posted: 03 Apr 2020 03:13 PM PDT

    What's everyone looking into for stocks related to the travel industry? I was looking into the cruise liners, maybe that isn't wise? At some point we are going to return to some sort of normalcy. So are people watching the cruise liners, air lines, book sites? What's going to bounce back the best in everyone's opinion?

    submitted by /u/zandarkyn21
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    Hard copies of reports

    Posted: 03 Apr 2020 05:11 PM PDT

    I was wondering if anyone here know how to get hard copies of annual reports. I know you can get them, but just don't know how. I have emailed the investor relations of each company I would like one from, but it would be awesome if someone knew some other way. Thanks in advance

    submitted by /u/llcw_
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    UWT?

    Posted: 03 Apr 2020 05:05 PM PDT

    This is a 3x leverage long stock, I was watching it for the past few days and now all of a sudden it won't let me buy in and says it's untradeable, what happend with it?

    submitted by /u/Ocilla
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    Can the US ban covered call ETFs?

    Posted: 03 Apr 2020 08:47 PM PDT

    I read that some countries in Europe like Italy, Spain etc have banned short selling in their stock markets. Can the US do that? I mainly buy covered call NAsdaq and SP500 covered call ETFs like QYLD and HSPX. Any thoughts?

    submitted by /u/Sonu2020
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    SYF thoughts?

    Posted: 03 Apr 2020 07:34 PM PDT

    I was wondering if anyone had any thoughts on buying SYF? I dont know much about them and I am new to trading but from what I have read it seems like it would be a good investment. If you have any insight as to how likely they are to survive covid or any other interesting articles please let me know!

    submitted by /u/BombadGeneral88
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    I’ve decided to sell my shares of JETS etf should I do so now, or wait until midday Monday?

    Posted: 03 Apr 2020 07:32 PM PDT

    Jets an airline etf closed at 12.30 and is at 11.68 after hours. I have been at a loss at what to do with my 500 shares because I am selling at a huge loss after buying at 18 but I've made my decision after buffet sold his airline shares today. The etf is probably going to drop to $5 by the end of next week. Should I go for that 11.68 price right now, or is it worth the risk to think it could get to mid 12s midday Monday?

    submitted by /u/lizeskiman97
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    What happens to your securities in the stock market if/when stagflation hits?

    Posted: 03 Apr 2020 07:13 PM PDT

    Hey I was watching some videos on the impact of the coronavirus on the economy worldwide and was wondering what the impact would be on your stocks and whether that will be positive or negative? To clarify: I know this would be very bad for the overall picture but I am just speaking about the impact on stock market securities not the negative impact overall.

    submitted by /u/TheBestCOD11
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    Microsoft Risk Factors- straight from the sec filings

    Posted: 03 Apr 2020 02:54 PM PDT

    Adverse economic or market conditions may harm our business. Worsening economic conditions, including inflation, recession, or other changes in economic conditions, may cause lower IT spending and adversely affect our revenue. If demand for PCs, servers, and other computing devices declines, or consumer or business spending for those products declines, our revenue will be adversely affected.

    Our product distribution system relies on an extensive partner and retail network. OEMs building devices that run our software have also been a significant means of distribution. The impact of economic conditions on our partners, such as the bankruptcy of a major distributor, OEM, or retailer, could cause sales channel disruption.

    Challenging economic conditions also may impair the ability of our customers to pay for products and services they have purchased. As a result, allowances for doubtful accounts and write-offs of accounts receivable may increase.

    We maintain an investment portfolio of various holdings, types, and maturities. These investments are subject to general credit, liquidity, market, and interest rate risks, which may be exacerbated by market downturns or events that affect global financial markets. A significant part of our investment portfolio comprises U.S. government securities. If global financial markets decline for long periods, or if there is a downgrade of the U.S. government credit rating due to an actual or threatened default on government debt, our investment portfolio may be adversely affected and we could determine that more of our investments have experienced an other-than-temporary decline in fair value, requiring impairment charges that could adversely affect our consolidated financial statements.

    mIcRoSoFt WoN't Be AfFeCtEd

    submitted by /u/stonksmarket
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    Stock Watch List April 3, 2020

    Posted: 03 Apr 2020 05:55 AM PDT

    Good morning, here's my watch list for today

    Gap ups: BNO, CVE, FATE (sitting at 50 DMA), HUYA (sitting at 50 DMA), LVGO, TSLA, TWTR, UCO,

    STZ was gapping but has given up the gap, will have to watch after open to see if it is worth trading

    Gap downs: MIC, NGG + RACE both have low average daily volume

    Possible day 2 plays: CLX, CVX, MRNA (day 2 plays need to break over previous days close and hold to be valid)

    Not much moving pre market at all and I am not a fan of the list today. This is expected due to the state of the market as well as earnings season approaching. Usually the couple weeks before earnings get slow as everyone awaits releases of reports. Trading will pick up soon, in the meantime we just trade what we can. Due to the lack of gappers, it is a good idea to run a scan after the market opens to find stocks to trade. Market above $250 psychological support is a good sign, have to see if it holds here. if not, most likely it will test the 234 support or maybe even the previous low. Most likely the choppiness will continue today so be patient, only enter on solid patterns setups with defined risk to reward in mind.

    I started a community this week, r/kant_sleep13, feel free to join as I will be posting my watch lists and information relevant to trading. Good luck out there

    submitted by /u/Kant_sleep13
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    Question about this APHA put I bought

    Posted: 03 Apr 2020 02:03 PM PDT

    I bought a $3 Aphria put last week for $40 exp 4/17

    I noticed Wednesday morning at opening it went up to $70, then dropped very fast.

    Then on Thursday morning it shot up to $110 at opening, dropped very fast again.

    Missed this morning, over slept. Can someone explain to me why this happened and how can I capitalize on this next week?

    submitted by /u/VonMillersChickens
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    RCL bottom

    Posted: 03 Apr 2020 01:34 PM PDT

    RCL bottom

    What's everyone's opinion on what the bottom could be? I've been sitting here wondering if it might hit its 52 week low again if just under 20$. I don't see how eventually the industry won't bounce back. I understand it may take time and maybe the industry won't be the same but their 52 week high was around 130$ even if it gets back to 100$ that's a good investment long term!

    submitted by /u/zandarkyn21
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    Question about buying stocks for medium term investing

    Posted: 03 Apr 2020 06:43 AM PDT

    Due to the corona outbreaks, im guessing that tons of companies will have crappy earnings. Am i wrong by wanting to wait till after earnings to invest in them? Can someone please offer me some insight on why this might be a good or not decision due to the environment many companies are in?

    submitted by /u/funnyoi
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