Stock Market - What Crisis? Wall Street Jumps Back Towards All-Time Highs |
- What Crisis? Wall Street Jumps Back Towards All-Time Highs
- What is the stock market even for anymore?
- Is SRNE a buy?
- These big banks may be at risk of dividend cuts after the Federal Reserve’s stress tests
- Do many people here feel strongly that the economy isn't doomed at this point unless big changes are made?
- E*TRADE noob question
- Stock Market versus Corporate Profits
- Seriously what is shaping the stock prices - Today We have some strange price directions
- What happened at 3pm est?
- New investor, haven't bought in yet, do I continue to wait or go for it?
- Afterhours longshots strategy
- Unemployment claims fall for the first time during the covid pandemic.
- Why does energy always fall when the US and China squabble?
- Buying low or high priced stocks. What is better in the long run
- 401k is the worst thing that ever happened to America.
- Drone delivery canada.
- Looking to learn/start to get into stocks at a young age. Any tips/pointers or is it all learning from experience?
- Is it safe to say that whatever company makes the vaccine first will skyrocket?
- Where do I go from here...
- Question about possible future Luckin class action lawsuit recovery
- Coca-Cola
- Watchlist: 100,000 Deaths; Markets Rising
| What Crisis? Wall Street Jumps Back Towards All-Time Highs Posted: 28 May 2020 01:30 AM PDT Has the ship sailed for us bears? _____ U.S. stock markets have been in rally-mode this week, as Wall Street grows more optimistic about the economy reopening, despite uncertainty over the coronavirus pandemic and growing tensions between the U.S. and China. The Dow Jones Industrial Average closed above 25,000 for the first time since March on Wednesday, while the S&P 500 topped the 3,000-mark, putting it back above its 200-day moving average – a key level watched by traders. The easing of lockdowns, optimism about an eventual COVID-19 vaccine and massive U.S. stimulus have powered a recent stock market rally. The Dow, S&P (NYSE:SPY) and Nasdaq are up 40.2%, 38.5% and 41.9% respectively above their March 23 lows. The impressive recovery rally has propelled Wall Street's main averages back towards their respective all-time highs reached earlier this year, with the tech-heavy Nasdaq index just 4.3% away from its record peak. The bulls have had the upper hand in recent weeks, however that could change should the war of words between Washington and Beijing escalate further. That could be the catalysts to take the market lower, bringing the correction most are expecting to come. _____ [link] [comments]  |
| What is the stock market even for anymore? Posted: 28 May 2020 05:13 PM PDT https://www.nytimes.com/interactive/2020/05/26/magazine/stock-market-coronavirus-pandemic.html "So, if companies are increasingly meeting their financing needs elsewhere, it seems fair to ask what exactly the point of the stock market is these days. The growth of high-frequency trading, in which players dart in and out of the market seeking to profit from the tiniest price discrepancies, certainly lends credence to the idea that the market is now little more than a glorified casino. Some observers, though, contend that it actually serves a more nefarious purpose — that the market, instead of directing capital to its most productive uses, has essentially become a mechanism for draining capital out of the economy in order to funnel ever more of the nation's wealth upward. This is being done, goes the argument, primarily through stock buybacks — companies repurchasing their own shares." [link] [comments]  |
| Posted: 28 May 2020 04:59 PM PDT On one hand there are at least 7 securities class action investigations going on and at the same time analyst are doubling down on a buy. What do you guys think? [link] [comments]  |
| These big banks may be at risk of dividend cuts after the Federal Reserve’s stress tests Posted: 28 May 2020 04:48 AM PDT The analysts wrote that if the Fed were to make certain changes to its "severely adverse" stress-test scenario, detailed below, their dividend forecasts for Goldman Sachs Group Inc. GS+6.94% Citigroup Inc. C+8.49% and J.P. Morgan Chase & Co. JPM+5.79% would be "at risk." [link] [comments]  |
| Posted: 28 May 2020 09:41 AM PDT I get it if you're not sure either way, but I'm talking about whether any real people strongly believe that the US economic situation is healthy and ultimately sustainable in the long run? I have no idea how long the money printing can last but to my mind it can't lead to anything but disaster. The USA currently spends 6 trillion dollars and takes in 3 trillion in taxes. It's in 26 trillion of debt, the situation is only getting worse. It's in an equivalent situation to a company like GM or Ford where it's essentially zombified and can only last so long as interest rates stay at rock bottom so the debt remains just about serviceable. What happens if we get inflation, how do you control it? Using interest rates. What happens if you put rates up? The debt becomes unserviceable, unless you print more money. It's a disaster that seems obvious. If you think I'm wrong, I'd like to hear, but please coordinate a fact based reponse. [link] [comments]  |
| Posted: 28 May 2020 06:23 PM PDT I transferred some money into E*TRADE last Friday and my money is on the account but I can't buy/trade or anything. In balances it says that my funds are on hold from withdrawal/purchasing power. How long until the money is available. [link] [comments]  |
| Stock Market versus Corporate Profits Posted: 28 May 2020 09:02 AM PDT Wilshire 5000 versus Corporate Profits Using the Wilshire 5000 as a proxy for the US stock market, and plotting against after-tax corporate profits as reported by the Bureau of Economic Analysis, we can easily see stock market growth has far outpaced profit growth. In fact, corporate profits haven't changed since 2012. You can see the dotcom bubble (2000), housing (2008), and the current. Both dotcom and housing were relatively similar in size whereas the current bubble, I'll call it the debt bubble, is significantly larger. EDIT: Same Chart Above with Federal Debt Added You can see from the second chart that the trend in Federal Debt parallels that of the stock market. So one could easily conclude that this has been a debt-fueled market run. [link] [comments]  |
| Seriously what is shaping the stock prices - Today We have some strange price directions Posted: 28 May 2020 07:48 PM PDT Dollar General Corp. DG, -1.65% shares declined 1.7% even after the company beat estimates amid hearty demand for discount goods. Shares of Abercrombie & Fitch Co. ANF, -11.11% tumbled more than 8% after withdrawing guidance, missing analyst expectations, and picking up a downgrade from research firm CFRA. General Electric Co. GE, -6.99% shares tumbled 7% even after the conglomerate said COVID-19 product demand was expected to double in the second quarter. Under Armour Inc. UA, -4.58% UAA, -5.82% Class A shares fell 5.8%, while the Class C stock fell 4.6% after outlining plans to reopen stores. Lumber Liquidators Holdings Inc. LL, +5.02% shares jumped 5% after its profit beat analyst expectations. Burlington Stores Inc. BURL, +1.47% shares rose 1.5% even after reporting a wider loss than expected. [link] [comments]  |
| Posted: 28 May 2020 07:26 PM PDT I have about 30 stocks in my Robinhood watchlist (I'm new to the stock market) and almost all of them took a pretty sizable dip at 3pm est. Does anyone know what happened? I can give ticker symbols if needed but if you look at Apple today, it dipped at the exact time as all of the rest. [link] [comments]  |
| New investor, haven't bought in yet, do I continue to wait or go for it? Posted: 28 May 2020 07:35 AM PDT Well, I did buy in, but only with a small investment in a company called Altimmune (ALT). I bought 40 shares at $6.50, and that was me getting in what I considered to be late (opened my trading account when it was at $4.93 and by the time my funds hit the stock was already well into the high $5s). It looks like a good move so far, but anything can happen. Anyway, I've been holding... holding... waiting to get my big chunk into the market (not much, ~$2K). Haven't made big buys yet, but yesterday and today I've put in limit buys for 5 stocks I've been staring at for 2 weeks, and now I've missed a couple different +10% days. Now where I've put my limits is much higher than it would've been last week. It doesn't feel right because I've been holding off waiting for another drop, but it doesn't seem like it's coming now. The Memorial Day rally has caused me to rethink this and now I feel like I may need to get back in before it's WAY too late. I opened my Fidelity account right smack dab in the middle of the bottom out, but the funds weren't available until days later when the market had already corrected itself. Unfortunately for me, I decided to hold, take notes, and watch the markets every day since, hoping for another dip. The problem is the opposite happened with the Memorial Day rally and now I'm afraid that dip might not happen, and if it does and I buy in now, I'll take unnecessary losses that may have been avoided with some patience and trust in my fundamental knowledge. I guess my question is this. Do I buy in now? Do I continue to be patient for what could be an inevitable 2nd crash or down spike? Or do you think we are in the clear and I should just buy now and try to forget about what could have been? It just really feels like this rally bubble could burst, even if it happens gradually. At the same time, it may not. Right now I've got limit buy orders in intentionally too low to hit today, probably. But this is what got me here in the first place. Could really use at least some conversation about it. No one here is going to convince me either way, but it is nice to read others having the same concerns. For the record, I am a purely fundamental trader. The stocks I've been staring at are ALT, SAVE, LUV, CCL, PENN, and NVAX. Thanks for any input. I look forward to any replies. [link] [comments]  |
| Posted: 28 May 2020 03:50 PM PDT I see this all the time. And i wonder if its actually a strategy that works. lets say stock is $32 and in AH i'll see the most recent orders up like this "Bid10.00 x 1 Ask 100.00 x 3"[link] [comments]  |
| Unemployment claims fall for the first time during the covid pandemic. Posted: 28 May 2020 02:33 PM PDT A new report this morning showed new unemployment claims totaled a slightly greater than expected 2.123 million last week, though continuing claims for the prior week pulled back from a record high and fell for the first time during the pandemic. Most of what I've seen are bearish articles and those who can't rationalize the markets moving up, but here's one piece of the forward looking puzzle as people get back to work in the US. [link] [comments]  |
| Why does energy always fall when the US and China squabble? Posted: 28 May 2020 04:40 AM PDT This doesn't make much sense to me. The US doesn't depend on China for oil at all. According to the EIA, the US exports a negligible portion of total oil exports to China. There's little trade in oil between the two. Nobody is ceasing to use oil because they are worried about either side's tweets. Traditionally oil has risen on geopolitical strife, especially in the Middle East. Why do the oil bears all come out when China and the US bicker? Maybe future reduced shipping demand? Even my energy stocks like domestic midstream companies drop on China drama. [link] [comments]  |
| Buying low or high priced stocks. What is better in the long run Posted: 28 May 2020 04:07 PM PDT In general is it better to buy stocks that have higher price (ex: TSLA, AMZ, NFLX, NVDA, APPL, SHOP) or to buy more of the stocks that are cheaper lets say under $150. What would be the advantage of both? What do you guys generally prefer? [link] [comments]  |
| 401k is the worst thing that ever happened to America. Posted: 28 May 2020 05:55 PM PDT Isn't it crazy that the majority of us have retirement money that is linked to what is supposed to be a free market. Yay - now companies have even less liability who wants to pay pensions? Only problem is now whenever the market drops the gov has to step in BIG TIME because 50% of Americans will lose their retirement money. Essentially, we have all bought into the idea that the biggest companies cannot fail and have created a system that is no longer capitalistic. How can it be considered capitalism if failure is not allowed? As long as this system continues you may as well put all your money into index funds like every rooster says BUT if you believe systematic change is coming don't. What do you guys think? I certainly don't think the way that American economy operates right now is sustainable. It goes against what America is all about - capitalism. [link] [comments]  |
| Posted: 28 May 2020 11:21 AM PDT Do you think its possible to even have drones deliver? I dont see it being profitable, youd need hundreds of drones. Someone has to pack the drone with packages. And if its just 1 package per drone, they would have to fly to their destination and back home for just 1 package, let alone thousands. I dont ever see it being viable. What are your thoughts? [link] [comments]  |
| Posted: 28 May 2020 03:54 AM PDT I've always been somewhat interested in stocks but now have the ability to participate in the market. Where do i start? Small startups i like or buying small stocks of large companies once they reach a decent price? [link] [comments]  |
| Is it safe to say that whatever company makes the vaccine first will skyrocket? Posted: 28 May 2020 09:32 AM PDT I'm curious about taking a risk in investing in companies like Novavax or other ones that might develop the coronavirus vaccine. I'm curious if the value could triple or go higher if they do in fact beat out other companies? [link] [comments]  |
| Posted: 28 May 2020 09:27 AM PDT Before the pandemic I was 70 % stocks, 30 % cash. In mid March my portfolio was down approximately 34 %. I've been DCA'ing and am currently 95 % stocks, 5 % cash and today my portfolio is back to where it was at before the pandemic meaning I'm no longer -34 % but 0 % compared to back then. My holdings are: 45 % global ETF (mostly tech, health, finance but pretty diversified) 33 % HM 22 % RL On average I'm 60 % retail. I used to not own any HM or RL but strictly the global ETF. I bought into those two clothing stocks because I was certain neither would go bankrupt and that they were cheap at the moment. It paid off but that can change if a second wave of virus presents itself. It's also a possibility they'll both stay flat or just experience a downward trend for many years to come. It's also possible both will continue up and maybe sometime in the future reach an all time high. Both companies are working intensely on going more digital and I think especially HM have potential in this regard. Ralph Lauren is super popular in Asia and online sales surged 70 % in China as of their latest earnings report. Year to date: Global ETF down 11 percent HM down 26 percent RL down 32 percent Now, I didn't like it when I was down 35 % mid March. I felt really stupid for not having sold anything while everyone else was selling, or at least so it seemed. Being back to where I was at all time high is nice but I'm not sure where to go from here. I probably need a lot of the money for buying a house in about 1-2 years from now but other than that I can let it stay untouched completely as I have a safe job with steady income. Retail is not something I would normally invest so heavily in. I'm more of a tech guy. But tech seems so expensive right now. Should I stay 95 % stocks, 5 % cash or go back to 70/30? Should I sell all stocks, be all cash for a while and be grateful that I'm not 35 % down as I was just 50 days ago? Should I sell all HM and RL and go back to strictly being in a global ETF? What would you do? I appreciate any comments and thank you very much 🙏 . [link] [comments]  |
| Question about possible future Luckin class action lawsuit recovery Posted: 28 May 2020 08:35 AM PDT So long story short, when the Luckin stock crashed in April at the news of the fraud I lost a few thousand in equity and I'm sitting at a few hundred right now. Off the bat I'll state my intentions are to hold onto the stock with the hopes, long though they may be, that the company survives and it eventually recovers somewhat. Saving a few hundred bucks is nothing at this point when I've lost multiple thousand anyway. Worst case it's a learning lesson. That said, I'm wondering what may happen from the few class action lawsuits that are around that I've heard of. Of course any actual recovery is probably both unlikely and a long way away, I want to make sure that I'm eligible to take part in the lawsuit/recovery in the event it happens. Again realizing that I'd rather keep the few hundred in Luckin rather than sell all and lock in my losses, what I would actually like to do is sell my position and buy back in at a lower price, which I'm assuming it will go to. Does anyone know if this will impact my ability to get money back from a class action lawsuit that may happen in the future? [link] [comments]  |
| Posted: 28 May 2020 08:01 AM PDT Hey guys, i want to buy some coca cola stocks but i am not sure if it is worth it atm (47,3$). Do you think the rally will keep going up or do you predict cola do go down again? Or will there be a smaller bearish movement after this rally? [link] [comments]  |
| Watchlist: 100,000 Deaths; Markets Rising Posted: 28 May 2020 04:14 AM PDT Market Notes: The US has had about 100,000 more deaths than expected this year. This surge in deaths is mainly attributed to the COVID-19 pandemic. Most states are moving to reopen as plans are being made to attempt to salvage what is left of the summer and fall. Much is still unknown but the markets don't seem to mind this uncertainty. Markets have been surging higher making solid gains nearly every day. Yesterday the bears owned the open but the bulls sure took the close. I'm keeping an eye on the VIX which is holding in the upper 20's. A drop below 25 would is another strong sign for the bulls. Watchlist: GRNQ is a low float that made huge moves yesterday, on watch today RNWK is a lowish float, I'm watching for a setup above $1.84 GNUS is on the move premarket, a setup above $1.92 I'll buy MARK has been a bit choppy as earning has been delayed, resistance appears to be at $3.60 GPRO support is likely at $4.60 [link] [comments]  |
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