Stocks - r/Stocks Daily Discussion & Fundamentals Friday May 01, 2020 |
- r/Stocks Daily Discussion & Fundamentals Friday May 01, 2020
- Elon Musk says "stock price is too high" - shares tank 7%
- MGM cuts dividend by 98%
- The Motley Fool is such an absolute dumpster fire
- Admin: Can we get a ban on all post asking about when a future bottom is coming?
- Tried my hand at day trading. Surprise surprise I’m not good at it lmao
- Tesla CEO Elon Musk says stock price is ‘too high,’ shares tank more than 9%
- Shopify $SHOP
- new bottom?
- “Long term” stock investments for coronavirus
- Gilead drug fda approved..now what
- Vice's Explanation for Elon Musk Tanking Tesla’s Stock Price
- What’s going on with DISCB?
- Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start
- Stock Watch List May 1, 2020
- Harley-Davidson (HOG)
- Question regarding Brokerages
- 2020 consensus
- Is there any reason why I shouldn't buy a shit ton of AAL at $10/share?
- ACB?
- Hopefully the last $NAT post
- Roth IRA
- Discovery series B (DISCB)
- For those of you who traded/invested during the 2007 recession, what were your biggest mistakes or best decisions you made?
- NAT stock / well tankers in general
| r/Stocks Daily Discussion & Fundamentals Friday May 01, 2020 Posted: 01 May 2020 01:08 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on fundamentals, but if fundamentals aren't your thing then just ignore the theme and/or post your arguments against fundamentals here and not in the current post. Some helpful day to day links, including news:
Most fundamentals are updated every 3 months due to the fact that corporations release earnings reports every quarter, so traders are always speculating at what those earnings will say, and investors may change the size of their holdings based on those reports. Expect a lot of volatility around earnings, but it usually doesn't matter if you're holding long term, but keep in mind the importance of earnings reports because a trend of declining earnings or a decline in some other fundamental will drive the stock down over the long term as well. See the following word cloud and click through for the wiki: If you have a basic question, for example "what is EBITDA," then google "investopedia EBITDA" 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. Useful links:
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Elon Musk says "stock price is too high" - shares tank 7% Posted: 01 May 2020 08:19 AM PDT Gotta love it...LOL https://www.cnbc.com/2020/05/01/tesla-ceo-elon-musk-says-stock-price-is-too-high-shares-fall.html [link] [comments]  |
| Posted: 01 May 2020 04:07 AM PDT Anyone planning one waiting for this to get blown down a lot to scoop up shares? I made 10% and got out of MGM. Glad I did. Now I'm thinking about going back in if it drops to my price point. What are your thoughts? [link] [comments]  |
| The Motley Fool is such an absolute dumpster fire Posted: 01 May 2020 12:11 PM PDT Trying to research Canadian Tire stock amid COVID, and all I get in the news section of Google is Motley Fool with the usual click bait. The worst part is they constantly keep shifting between "Buy now! Don't buy! Should you buy? Buy this other stock instead.. Just kidding buy the stock, Actually don't buy." And these articles are literally days, if not hours apart. Google Canadian Tire and look at the news section. Absolute garbage. [link] [comments]  |
| Admin: Can we get a ban on all post asking about when a future bottom is coming? Posted: 01 May 2020 12:49 PM PDT These stupid ass questions are flooding this subreddit, can we get a ban and/or post removal setup. [link] [comments]  |
| Tried my hand at day trading. Surprise surprise I’m not good at it lmao Posted: 01 May 2020 01:11 PM PDT Down $250. So about 2%, better than SP500 did but it was an eye opening that this isn't Easy. It's not just about timing dips. I'd get that right, put in the order and it wouldn't fill if I did limit or if I did market order it would fill way too high. And then I'd set trailing stop orders every time, but I think I was too risk averse and so normal swings would trigger a loss instead of giving myself a slight higher loss potential but more upswing potential. Anyways, don't time the market. Got it [link] [comments]  |
| Tesla CEO Elon Musk says stock price is ‘too high,’ shares tank more than 9% Posted: 01 May 2020 08:45 AM PDT The company just days before reported a strong quarter, sending shares higher. Tesla stock was trading at 760.23 just before Musk tweeted and then fell to a session low of 717.64. The total tweet impact brought shares down 5.6%. https://www.cnbc.com/2020/05/01/tesla-ceo-elon-musk-says-stock-price-is-too-high-shares-fall.html [link] [comments]  |
| Posted: 01 May 2020 08:20 AM PDT I have been invested in Shopify for a little over a year now. It has been a great investment and I believe in them long term. My overall strategy with all my stocks is that if a stock goes on an amazing run and seems like it's over valued based on moving averages, RSI, etc., I like to sell 10-20% of shares. This allows me to free up cash to buy more shares of my other more fairly priced stocks or to reinvest into Shopify once it goes down 15-30% (which has happened several times). I am highly considering trimming my position but wanted to see what others think. Who thinks Shopify will go back down to below $500 per share again in the near future? [link] [comments]  |
| Posted: 01 May 2020 08:55 AM PDT Is it just me or do you feel like a new Bottom is coming or at least a major correction? Here are my reasons why 1.With this many people unemployed 2. this virus still here and the uncertainty of having another wave of it and sticking around for a long time 3. March has been the best month on record. There will have to be a major correction after especially considering the state the economy is in right now. I don't know but I feel like there is no possible way the Dow doesn't go down at least 10-15% this month [link] [comments]  |
| “Long term” stock investments for coronavirus Posted: 01 May 2020 09:39 AM PDT Hi, does anyone have any stock suggestions for long term investments for coronavirus that will likely go up after all this stuffs over? Thanks [link] [comments]  |
| Gilead drug fda approved..now what Posted: 01 May 2020 01:25 PM PDT The stock isn't going up because of the way they want to handle it with no profit. Anyway..are shareholders of rivals moderna and inovio screwed? I'm down 300 in Ino wondering what to do. Thanks [link] [comments]  |
| Vice's Explanation for Elon Musk Tanking Tesla’s Stock Price Posted: 01 May 2020 02:36 PM PDT Source is below. Just wanted to see what you guys think? https://www.vice.com/en_us/article/884wpa/why-did-elon-musk-tweet-tank-tesla-stock-price From the article: Musk is fully steeped in the VC-to-forum-poster hype cycle outlined above, so I have to believe he knows that eventually valuations can get so high—not based on actual product success but on the psychology of wannabe exponential growth investors—that shareholder demands end up steering the company more than he'd like, especially since he takes obsessive control over the company's image, operations, and stock price. So I would not be surprised that in a moment of clarity, he decided to tank the stock because high prices and high expectations from stans were setting him up for more long term scrutiny than him being in trouble with the SEC short term. And maybe then the Tesla price stabilizes again with lower expectations as he continues to try to build a profitable car company in the midst of a global economic collapse, which is hard enough without a bunch of Bless You Stonks God reply guys and r/WallStreetBets bros battering your mentions for months by begging you to save them from economic ruin by doubling their Tesla investment in the next three weeks. [link] [comments]  |
| Posted: 01 May 2020 09:55 AM PDT What makes stocks pop like this? Already up $156% today with a volume of 10,000 Edit- I know it's not the wisest to hop on the train, but it's so tempting. High risk = High reward which most likely results in a loss. [link] [comments]  |
| Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start Posted: 01 May 2020 11:14 AM PDT The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the collective cut to remove 9.7 million bpd from the oversupplied market, Bloomberg reports, citing the Baltic Exchange. Although tanker owners and operators will see reduced volumes of oil to transport from oil producers to oil-importing countries, the oil shipping industry expects its business to be supported through the end of the year by the most sought-after 'commodity' these days—storage space. Floating storage around the world is at an all-time high as traders have been booking tankers to use as floating storage to take advantage of the contango market structure and sell the crude oil at a later date when prices are higher. According to shipping sources who spoke to Reuters, there were a record 160 million barrels of oil stashed on floating storage in mid-April, double the volume of oil stored on ships at the start of the month. Supertanker owners were the early winners in the Saudi price war, the demand destruction, and the following record-high global oil glut. Shipping companies had a field day with Saudi Aramco booking tankers en masse to flood the market with oil, and with traders scrambling to charter tankers for floating storage to sell at higher prices later. The OPEC+ deal to cut production by 9.7 million bpd in May and June, and then ease those cuts to a total of 7.7 million bpd until December 2020, is set to lower demand for crude oil transportation until the end of the year, according to Lloyd's List. The frantic hunt for storage is currently supporting tanker rates, but "the oil tanker demand outlook from second half of this year until 2022 has deteriorated significantly from lowered oil supply and an upcoming destocking cycle," Joakim Hannisdahl, analyst at Norwegian investment bank Cleaves Securities, said, as quoted by Lloyd's. [link] [comments]  |
| Posted: 01 May 2020 05:44 AM PDT Good Morning, Here's the watch list Gap Ups: BA, CLX, MDGS, MRNA, TVIX/UVXY, Gap Downs: JNUG/NUGT, NVDA, TQQQ, WDC Markets gapping down again. As I have stated previously, trading large gap days are some of the most difficult to trade. Hundreds of stocks are reporting earnings, yet almost none are reacting pre market which is concerning. There is a good chance I will sit today out as most gap downs are gapping into moving averages and I don't see many stocks with good opportunities. If I decide to trade today, I will be patient off of the immediate open and concentrate on key levels of support or resistance for entries. Due to most stocks gaping into support, the list today will be short and I will be running scans intraday to look for better opportunities on earnings plays if any decide to trigger. Before entering into any positions, have a defined risk to reward with stops and targets calculated before entering trades. Good luck trading and have a good weekend. I am not holding any positions in any of the stocks listed on this watch list. This is a list of stocks to watch for opportunities to trade during the trading session [link] [comments]  |
| Posted: 01 May 2020 04:38 AM PDT Alright, Harley-Davidson has largely followed economic cycles, but will it do so now, given that electric vehicles are on their way in? Will combustion engine motorcycles be that much later, thus allowing HOG to go up again in a cycle? I don't believe Harley will be able to switch to electric that fast (and be popular) as one of their main selling points is sound and no fucktard would want to listen to a fucking speaker. Thoughts? [link] [comments]  |
| Posted: 01 May 2020 12:59 PM PDT Hello everyone, quick question about TD Direct Investing (TD Ameritrade in Canada). Commission fees are very high here so instead of using TD, I'll be using Wealth simple (commission free trades). But I know that thinkorswim is a very good platform as a tool and I was wondering if I can open a TD Direct Investing Account for the sole purpose of gaining access to thinkorswim (are there any fees or anything of the like that I have to be aware of?) Secondly, if I'll be using Wealthsimple to trade and thinkorswim to study stocks, are there are delays between brokerages or platforms that I have to be aware of? Thanks! [link] [comments]  |
| Posted: 01 May 2020 09:05 AM PDT I think we can all agree that the market is currently incredibly volatile. Curious on everyone's long term thoughts and actions for 2020. Personally, I think we will see another opportunity to add to further positions at a lower price point within 2020. That being said, I am still maintaining my monthly DCA strategy but I am trimming positions/adding further cash into a bit of a stockpile to be aggressive when needed (strictly blue chips). Take this all with a grain of salt, nobody has any real idea what the future holds market wise. [link] [comments]  |
| Is there any reason why I shouldn't buy a shit ton of AAL at $10/share? Posted: 01 May 2020 09:56 AM PDT Already bought 20 shares, I imagine it shooting up around the November/December time with holidays. How risky would it be to buy say, another 50 shares or so? Want to sell at $23 [link] [comments]  |
| Posted: 01 May 2020 11:36 AM PDT What are your thoughts on the Aurora Cannabis stock. Do you think it will drop further after the reverse stock split? [link] [comments]  |
| Posted: 30 Apr 2020 09:10 PM PDT I know there has been a lot of $NAT and other tanker stock posts recently but hear me out: DISCLAIMER: I was very tired going through this info so if there are any mistakes I do apologise and will amend it asap I've been going through the accounts since 2001 for the best part of today and doing a lot of hypothetical number crunching and I really need reasons why I'm wrong on this before I invest the rest of my portfolio. 2004-2008 NATs PEAK Share price at an all time high, NAT were running about 8 Tankers at averages of 50k a day, with a 25-50$ Share price, quarterly profit was around 35 Million USD and EPS of 1.5-3.03$. ( I completely understand there are other factors affecting the stock values) 2009-2019 Tankers Dip Through the good times tankers began to be heavily produced due to the damn gains, which obviously lead to there being too many tankers which slumped tanker prices, since then banks have not being financing new tankers due to them bleeding cash etc and in the final quarter of 2019 we saw and increase in tanker fees. (in my head meaning the market had balanced for tankers to be profitable again but I agree this could just be an anomaly). 2020 Gain Train The stock was at $4 in October 2019 from 10 million USD quarterly Revenue. Share price is now at 6 USD and people call it overinflated etc? SO time for some quick maths: NAT are charging and average daily tanker rate of $72,000, they have 23 tankers at their disposal and there's a fucking oil glut going on. From those numbers they are set to make $99,360,000 Every 60 days, $600,000,000 Per Year PROFIT, Divided by the 143 million shares in circulation that's an EPS of $4.2 for the year... That is assuming the prices don't increase as the news is talking about average price being $100,000+ per day. From these numbers NAT is expected to have the best year they have ever had since the company opened by shittin $500,000,000 REMEMBER: Corona-virus is going nowhere regardless of states coming out of lock-down (probably going to make things worse), there is no cure in the foreseeable 6 months, tanker prices will not change! So, where have I gone wrong here? this seems way too good to be true, or is it truly a once in a decade opportunity? Share price will hit $50 in the next 8 months or I drink my own piss Edit: Thanks for a reminder, don't forget the saudi tankers en route! [link] [comments]  |
| Posted: 01 May 2020 11:19 AM PDT Does it make a difference for me to try to max out my Roth IRA for 2020 now as the target fund will likely be at its cheapest price?Or due to the long term nature of the account it will make minimal difference? [link] [comments]  |
| Posted: 01 May 2020 10:01 AM PDT Just saw this movement. I'm assuming this was the result of a reverse split today? And not that it for some reason moved up 156+% in one day. [link] [comments]  |
| Posted: 30 Apr 2020 10:57 PM PDT Now that you've traded through a recession/down market. What would you have done differently this time aruond? [link] [comments]  |
| NAT stock / well tankers in general Posted: 01 May 2020 05:28 AM PDT How in the hell is this stock down with all incoming revenue and juicy dividend? To those about to say the oil situation wasn't as bad as projected, I see no planes flying or cruises sailing still. These companies are going to benefit for quite some time til everything opens up. And for the news of US having storage capacity, how long is it going to take to build massive on-ground tankers to store oil... these ship tankers are putting major corps in 6 month contracts charging a pretty penny... I don't get this stock market anymore. [link] [comments]  |
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