Stocks - r/Stocks Daily Discussion & Options Trading Thursday - Apr 02, 2020 |
- r/Stocks Daily Discussion & Options Trading Thursday - Apr 02, 2020
- After another 6.6 million jobless, the markets today
- Shares of China’s Luckin Coffee plummet 80% after investigation finds COO fabricated sales
- Down 85% pre-market. Luckin Coffee Announces Formation of Independent Special Committee and Provides Certain Information Related to Ongoing Internal Investigation
- Worst is yet to come...CARE Act & 401K
- 6,648,000 Jobless Claims Reported This Week (4/2/2020)
- Why is everything green?
- Luckin coffee
- Apple donates 1.9M coronavirus masks to NY
- Today's Pre-Market Movers & News [Thursday, April 2nd, 2020]
- Oil surge artificial?
- RWT
- Oil jumps as high as 25% this AM
- Thoughts on CCL?
- LK is down 70%
- WSJ: Boeing to Offer Early Retirement, Buyouts as Coronavirus Takes Toll
- I hope Covid19 disappears tomorrow.
- TSLA buy-in point?
- BLS Releasing Unemployment Tomorrow
- Google Vs Microsoft Vs Apple, which stands in a better position in the current COVID19 scenario?
- Bad investment. Advice?
- What stock will investors regret not buying 10-20 years from now?
- Investing 50k
- NASDAQ: FNKO at all time low
- Stock Analyst Information - Where to find relevant info for everyday joe?
| r/Stocks Daily Discussion & Options Trading Thursday - Apr 02, 2020 Posted: 02 Apr 2020 01:06 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme and/or post your arguments against options here and not in the current post. Some helpful day to day links, including news:
Required info to start understanding options:
See the following word cloud and click through for the wiki: If you have a basic question, for example "what is delta," then google "investopedia delta" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| After another 6.6 million jobless, the markets today Posted: 02 Apr 2020 06:01 AM PDT Thursday brings us another huge jobless claims number. The markets were expecting 3 million jobless, but got over 6.6 million jobless just from last week. This is on top of the 3.3 million the week before. These are enormous numbers and I know we were expecting this and the Government is covering unemployment. But the question is: How many of these jobs will come back? – My worry is a lot of them will Not. Before the economic data came in global markets had a positive move. In Asia, most markets were in the green, with South Korea leading the way, up 2.35%. Chinese indexes were up around 2%, while Japan was the only major market in the red, down -1.35%. European markets are trading right now with slight gains. German, British and French stocks started in the green, declined twice to neutral and right now (8 30AM ET) are trading up around 0.5%. US futures have been green all night, raising more than 2% when Europe opened. But as the US is waking up, we have seen declines and right now they are hovering around 1.5% up. The outbreak is still spreading with total new cases still raising. We will probably hit 1000000 cases worldwide today. But good news is coming from the hardest hit places, with Italy and New York reporting less new cases than previous days. At the same time there are spikes in cases all around the USA and this could pose difficulties in fighting the spread. Oil is in the news, up 11% after remarks from President Trump that Russia and Saudi Arabia are talking to reach deal. I have been talking about oil in the past two days and I am very glad about this move, since it was very much expected. Even at 22.20, it is a good buy, since there is constant upward movement. Even if it goes up another 10%, it will still be at 25$, which is not sustainable for most US manufacturers. The top oil executives are headed to the White House tomorrow and all of this movement is due to expectations that the Government will either help the industry or pressure Russia and Saudi Arabia to cut production. Whatever the case, a great way to make big gains. Last Thursday when we got the 3 million number the stock market shoot up and had one of the best days in this crises. This was a very unusual and mislead rally that lead to significant declines in the next two trading days. My advice is do not enter at the open, let the market stabilize and access the new numbers and if you see stocks erasing the pre-market gains that is the mark to sell and get in for a 0.5-1% profit. Have tight ranges, small stop losses and take profits, do not get greedy it is still very volatile. Good luck! [link] [comments]  |
| Shares of China’s Luckin Coffee plummet 80% after investigation finds COO fabricated sales Posted: 02 Apr 2020 06:42 AM PDT Luckin Coffee disclosed that an internal investigation has found that its chief operating officer fabricated 2019 sales. Shares cratered more than 80% in premarket trading after the release of the regulatory filing. Muddy Waters Research shared in January that the firm bet against the stock in light of what it described as fraud and a "fundamentally broken business." [link] [comments]  |
| Posted: 02 Apr 2020 06:21 AM PDT Good time to buy the dip? https://finance.yahoo.com/news/luckin-coffee-announces-formation-independent-130010726.html [link] [comments]  |
| Worst is yet to come...CARE Act & 401K Posted: 01 Apr 2020 07:50 PM PDT The worst part of this whole thing is yet to come. Even the Fed is not confident that the CARE act stimulus will be enough...and they are discussing a "phase 4" which would include an additional stimulus package. However, the worst part for the markets is that the CARE act is going to eliminate the 10% penalty on early 401K withdrawals. Think about this for a minute... It is estimated that there is $5 trillion dollars in 401K assets in the U.S. Now the CARE act is allowing up to $100,000 in early 401K without the early withdrawal penalty... Which means that 59.5 and younger can draw off their 401K without penalty. There is going to be a massive selloff by "Average Joe" who needs cash to pay bills while they are out of work. Don't be surprised when the DOW goes sub-16000. #depression [link] [comments]  |
| 6,648,000 Jobless Claims Reported This Week (4/2/2020) Posted: 02 Apr 2020 05:44 AM PDT Significantly higher than the 4-5 million claims estimated [link] [comments]  |
| Posted: 02 Apr 2020 07:24 AM PDT 6.6 million Americans filed for unemployment yet everything is green? Or is it too early to say? I have a position with SQQQ and starting to consider getting out if this continues. [link] [comments]  |
| Posted: 02 Apr 2020 05:56 AM PDT |
| Apple donates 1.9M coronavirus masks to NY Posted: 01 Apr 2020 09:40 PM PDT https://finance.yahoo.com/news/apple-donates-1-9m-coronavirus-012732531.html Apple previously donated 10 million masks to regions in Europe that were hardest hit by the coronavirus, according to a tweet by its CEO Tim Cook last week. The company also released a new screening tool on Friday to help people determine whether they may be at risk for COVID-19. [link] [comments]  |
| Today's Pre-Market Movers & News [Thursday, April 2nd, 2020] Posted: 02 Apr 2020 05:27 AM PDT Good morning traders and investors of the r/stocks sub! Welcome to Thursday. Here are your pre-market movers & news this AM-Today's Top Headlines for Thursday, April 2nd, 2020
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:($RH $BB $VFF $CHWY $KMX $WBA $PAYS $TTNP $STZ $CALM $GNLN $CSU $CAG $MKC $RMBL $GPL $HEXO $PVH $DARE $CTEK $CYD $NVCN $LW $AYI $ICLK $ALPN $APOG $UNF $EAST $SMTS $CSSE $SCHN $LNDC $NG $RECN $EDAP $APTX $ASND $VRNT $MOTS $VERO) (CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:($WBA $KMX $PVH $AYI $APOG $SCHN $NG $ASND) (CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)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:
THIS MORNING'S STOCK NEWS MOVERS:(source: cnbc.com)
DISCUSS!What's on everyone's radar for today's trading day ahead here at r/stocks? I hope you all have an excellent trading day ahead today on this Thursday, April 2nd, 2020! :)[link] [comments]  |
| Posted: 02 Apr 2020 08:50 AM PDT Had a limit yesterday to purchase 150 shares of Chevron if it hit $66, but ended up removing it because it tanked a bit yesterday. Woke up to quite the surge after the announcement from Pres Trump. Do you guys think this is an artificial surge or did I make a big oopsie? [link] [comments]  |
| Posted: 02 Apr 2020 10:47 AM PDT Anyone buying RWT today? Thinking it might bounce tomorrow giving at least 10% gains, but my gut tells me I'm wrong with this unpredictable market. Also, does anyone on here look at EVERI? I made decent gains on it a few weeks ago, looks like it could rise a bit in the next week. Penn National also looks appealing but I can't seem to time it right. [link] [comments]  |
| Oil jumps as high as 25% this AM Posted: 02 Apr 2020 08:34 AM PDT https://oilprice.com/oil-price-charts/45 So is this just Trump's talk pushing actual oil prices? What else is going on here? [link] [comments]  |
| Posted: 02 Apr 2020 12:21 PM PDT Just filled 200 share order of CCL for 7.80USD lowest price in the last 52 weeks. Wondering if anyone thinks it's possible it will get back into $30+ range once this covid 19 is done ? [link] [comments]  |
| Posted: 02 Apr 2020 07:55 AM PDT https://finance.yahoo.com/news/luckin-coffee-board-initiates-investigation-140039672.html So happy that I sold them at $42/share when the first speculations came out. That's a good lesson learned without taking losses (I even profited from LK). Who knows what happens in China... [link] [comments]  |
| WSJ: Boeing to Offer Early Retirement, Buyouts as Coronavirus Takes Toll Posted: 01 Apr 2020 08:51 PM PDT By Andrew Tangel April 1, 2020 11:32 pm ET Boeing Co. is expected to begin offering early retirement and buyout packages to its workforce as the plane maker comes to grips with the coronavirus pandemic's deepening toll on the global aviation industry, people familiar with the matter said. An internal announcement was expected as soon as early Thursday, one of these people said. The Chicago-based aerospace giant is the largest U.S. exporter and one of the nation's largest manufacturing employers. It has previously announced steps including a freeze on hiring and overtime as it seeks to preserve cash amid turmoil in the credit markets and a broader economic downturn. Boeing's airline customers and some of its suppliers have already sought to cut labor costs—with measures including layoffs and voluntary leave without pay—as the pandemic wreaks havoc across the air-travel and aerospace industries. Boeing, whose workforce numbers approximately 160,000, hasn't announced any layoffs, even after cutting and then suspending production of its 737 MAX jet in January and assembly of most wide-body planes last month. Almost 65,000 of its employees build commercial aircraft, and a further 25,000 work in the unit that provides spares and services to airlines. Executives have said they were seeking to avoid layoffs as they sought taxpayer help to ease its financial strain and plan for a recovery. Boeing Chief Executive David Calhoun has said he wants to prepare for when the crisis abates. "I have to keep my workforce in place and we have got to be ready when the recovery comes," he said last week in an interview on Fox Business Network. Boeing sought at least $60 billion in government aid for itself, its suppliers and the broader aerospace sector. The company hasn't said whether it will seek loans under a $2 trillion stimulus package approved in Washington, D.C., last week. Some of the aid would come with restrictions on layoffs. As the pandemic worsened in March, Boeing suspended its dividend and temporarily halted production at its Everett, Wash., factory north of Seattle. Its share price doubled last week as investors bought on expectations that government aid would ease a liquidity squeeze, but has fallen sharply in recent days as analysts warned that more airlines may seek to cancel orders or be unable to take new planes. [link] [comments]  |
| I hope Covid19 disappears tomorrow. Posted: 02 Apr 2020 08:27 AM PDT So markets fall down another 30% and I can buy. Logic right? Thanks Fed. [link] [comments]  |
| Posted: 02 Apr 2020 12:09 PM PDT At what price would you guys think TSLA is a good buy? I bought a bunch of shares at 451 today mostly because TSLA are recommended often on here. I don't know anything about the the EV industry. [link] [comments]  |
| BLS Releasing Unemployment Tomorrow Posted: 02 Apr 2020 10:53 AM PDT So the Bureau of Labor Statistics is going to be releasing the official unemployment numbers tomorrow. Does anybody think that once they're released the market is going to dip even more? I assume the high unemployment umber will be talked about even more since they will have been put out by and official government entity. [link] [comments]  |
| Google Vs Microsoft Vs Apple, which stands in a better position in the current COVID19 scenario? Posted: 02 Apr 2020 08:14 AM PDT I have some saved money to invest and I decided to place some money either in Google or Microsft or Apple. Microsoft and google in particular seem to be in a buy zone. Any thoughts or suggestion to help make me decide on one of these? [link] [comments]  |
| Posted: 02 Apr 2020 10:45 AM PDT I'm writing this seeking general advice and because I'm struggling to see a way out. To start, let me say that I have made basically every mistake you could make and I hope this helps others. I've invested in Norwegian Cruise Lines (I know), invested on margin, and have lost almost my entire investment as I kept averaging down, with an average price of around $19.00. I've made the mistake of chasing the stock as it went down, and put a substantial amount of my own money as well as margin money into this investment. Currently, a margin call is being called and due to the coronavirus, my family and I are now struggling financially. I'm uninformed and impulsive and have made a huge mistake that's had a swift and huge impact on myself and everyone around me. If I sell now, I will lose everything, but it does not seem like there is a recovery in sight now for the cruise lines and every day is more pain. Would you sell and take what little you had left (If I do this, the consequences will be dire) or hold even though a stock is sinking tremendously. Thank you for your advice. [link] [comments]  |
| What stock will investors regret not buying 10-20 years from now? Posted: 02 Apr 2020 01:25 PM PDT Was thinking about new technology, climate change, 5G, and wondered what stocks are people ignoring now that may have huge potential 10-20 years from now. [link] [comments]  |
| Posted: 02 Apr 2020 01:24 PM PDT I have 50K just sitting in a CD collecting a minuscule 2.4%. I feel this is a once in a lifetime investing opportunity that needs to be taken advantage of. I don't need the money for a few years. My question is, what 5 stocks would you feel the most confident in investing 10K in each of them or maybe even 25K in 2 stocks? [link] [comments]  |
| Posted: 02 Apr 2020 01:23 PM PDT Is this a good stock to invest in. It was steady for a long time and just got hit hard but it will bounce back don't you think? [link] [comments]  |
| Stock Analyst Information - Where to find relevant info for everyday joe? Posted: 02 Apr 2020 04:15 AM PDT What service is worth buying which has analyst info that is relevant to me, everyday joe? I've been looking at yahoo finance's default info and thought about subscribing. My trading platform has some analyst info, but it's all big bank analysts which frankly I don't think have everyday joe in mind. I did buy Bloomberg's basic subscription but there's F* All there. [link] [comments]  |
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