Stocks - r/Stocks Daily Discussion & Fundamentals Friday May 08, 2020 |
- r/Stocks Daily Discussion & Fundamentals Friday May 08, 2020
- A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7%
- No one is worried that a lot of stocks are back to almost ATH?
- What a time to be investing. Most fun watching and trading I have had in a while
- ENPH
- PINTEREST will moon��
- Raytheon Technologies Corporation (RTX) Breakdown
- What price do you guys plan to buy AAPL and MSFT?
- Tickets to Shanghai Disneyland sell out!
- Stock watch List May 8, 2020
- [Question] Is my girlfriends friend lying or do I not understand?
- Oil tanker stock discussion
- ADES
- OPINION: Why Stocks seem so disconnected with reality
- ET
- BioCryst Pharma??
- Logitech and work from home trend
- The Economist, May 7 2020 edition: A dangerous gap. The market v the real economy
- DIS about to spike up! Buy!
- Is Sony a buy right now?
- What did I buy?
- Got 10k. What to buy?
- What long term stocks to invest in?
- Thoughts on $NKLA
- These unemployment numbers mean nothing.
| r/Stocks Daily Discussion & Fundamentals Friday May 08, 2020 Posted: 08 May 2020 01:07 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]  |
| A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7% Posted: 08 May 2020 05:34 AM PDT https://www.cnbc.com/2020/05/08/jobs-report-april-2020.html The impact of the coronavirus-induced economic shutdown tore through the U.S. labor market in April at historic levels, slashing 20.5 million workers from nonfarm payrolls and sending the unemployment rate skyrocketing to 14.7%, the Labor Department reported Friday. Both numbers easily smashed post-World War II era records and help reflect the profound damage done through efforts used to combat the virus. Economists surveyed by Dow Jones had been expecting payrolls to shed 21.5 million and the unemployment rate to go to 16%. April's unemployment rate topped the post-war record 10.8% but was short of the Great Depression high estimated at 24.9%. The financial crisis peak was 10% in October 2009. The news initially came with a pop upwards in the future for the S&P500. Currently, it's pointing to an opening of close to 1% up. Broader U6 unemployment rate leaps to record 22.8% from 8.7% as well. March unemployment was also revised from 701,000 jobs lost to 870,000 jobs lost. Edit to update: 5 minutes to market open, futures are giving up their gains from the 8:30am announcement. Back down shy of 1% up to open. [link] [comments]  |
| No one is worried that a lot of stocks are back to almost ATH? Posted: 08 May 2020 04:22 AM PDT Maybe its the ones in my portfolio but basically my portfolio is back to what it was before those whole pandemic and its starting to make me question.. what the hell? I mean i am happy but at same time i am just watching every day when the sky falls. [link] [comments]  |
| What a time to be investing. Most fun watching and trading I have had in a while Posted: 08 May 2020 11:29 AM PDT I remember in summer/fall 2011 there was so much volatility (2-3% daily) that doesn't even touch the 5%-10% we saw in March. August of 2015 was also pretty fun and scary to watch since I was convinced of a bear market. Same thing happened again in 12/2018 when market had a nice correction and people were buying up stocks like mad. I am still optimistic for this year. I think from now stocks will trade flat to upward. As long as people are getting money somehow (unemployment, work, 1200 checks in their account), things should hold steady. Jobs will come back, oil will go up, stocks will only be cheap like this for a short-while. [link] [comments]  |
| Posted: 08 May 2020 12:36 PM PDT ENPH has been going thru the roof since earnings. I bought in at $44 and it's at $57 today. What is everyone's thoughts on where this stock is going next week. I'm trying to decide when/if I should sell it for the profit. [link] [comments]  |
| Posted: 08 May 2020 08:22 AM PDT I don't know why this isn't big news but here it is... Pinterest Inc. (NYSE:PINS) on Thursday announced that Shopify Inc. (NYSE:SHOP) merchants can now sell directly on its platform through "shoppable Product Pins." The Shopify merchants will be able to upload their catalogs on Pinterest using a new app, where the latter's 335 million users can discover the products and make direct purchases from the merchant website, the two companies said in a joint statement. The feature is currently only available in the United States and Canada. It will go live for merchants in countries where Pinterest ads are available, including the European Union, Australia, and New Zealand, in coming weeks, the companies noted. The number of Pinterest users who engaged with shoppable Product Pins has increased 44% year-on-year in the first quarter, the statement read, and total traffic to retailers increased 230%. [link] [comments]  |
| Raytheon Technologies Corporation (RTX) Breakdown Posted: 07 May 2020 05:13 PM PDT Since RTX is currently a hot topic, here's a breakdown on what the company represents. Make sure you know and understand what you are investing in. Raytheon Technologies Corporation (RTX) RTX was formed from the merger of United Technologies Corporation and Raytheon Company. The company has four subsidiaries:
Pratt & Whitney and Collins Aerospace are the merged portions from UTC. UTC spun off Otis Elevator and Carrier Corporation prior to the merger. This makes all of RTX's revenue based on aerospace (both civilian/commercial and military) and defense. The intended goal of the merger was to make a more focused business (hence the spin-offs). RTX Revenue Stream Breakdown
Collectively: UTC accounted for $35.2 billion in commercial sales and $11.7 billion in military sales Raytheon accounted for $27.1 billion in sales $74 billion altogether, with about 48% being commercial sales Analysis Almost half of RTX's sales are related to commercial aircraft. Commercial air travel is obviously almost non-existent right now. Sales for new aircraft (and engines) will be down dramatically for an unknown but extended period of time, and aftermarket repair and maintanence will also be down. A quote on the company's trajectory/recovery from their CEO during today's conference call: Therefore, it looks like the majority of the company's income for the near future will be based on defense contracts. This might explain the recent downtrend in the stock's performance. I personally believe the company is undervalued and is a great long term buy and hold, but it may take several years for the stock to recover. Unlike most of the large defense companies out there, RTX's role in the commercial market gives them a wider range of opportunities than their competitors. Pratt & Whitney's engines are widely regarded as the best on the market, and their placement on new Airbus planes means that they will have long term servicing revenue. Therefore, although they may be the weaker portion of the company in the short term, they should be able to rebound effectively. [link] [comments]  |
| What price do you guys plan to buy AAPL and MSFT? Posted: 08 May 2020 01:32 PM PDT Both are priced at pre-covid levels.. should I expect a drop or buy in now? It doesn't settle right with me to buy it now because it seems a little too overpriced... thoughts? [link] [comments]  |
| Tickets to Shanghai Disneyland sell out! Posted: 08 May 2020 01:16 AM PDT Tickets to Shanghai Disneyland sell out May 08, 2020 3:26 AM ETT Tickets for the earliest days of Shanghai Disneyland's reopening have sold out following a three-month shutdown due to the coronavirus outbreak. The Chinese government has asked Disney (NYSE:DIS) to cap attendance of the re-opened park at 30% of capacity, or roughly 24,000 people, as it adjusts to new safeguards like social distancing, masks and temperature screenings. In an earnings call on Tuesday, executives said that shuttered parks would cost Disney roughly $1B in profits. [link] [comments]  |
| Posted: 08 May 2020 05:45 AM PDT Good morning, here's my watch list Gap Ups: CWH, DBX, GH, HLF, IHPI, PSTI, PVAC, QRVO, SPWR, UBER, VIVO, WORK Gap Downs: MSI, ROKU, SHOP, TTD SPY slightly gapping up and continuing the slow grind, Resistance at the 200 day moving average overhead at 300, nearest support around the 50 day moving average at 272. Not many stocks moving pre market and the list is not the greatest. Some stocks gaping down but gapping into support, may have to run some scans intraday to find decent movers. Todays Friday so stay disciplined and only trade the best setups with defined risk to reward calculated before entering into any positions. Good luck, stay safe. I am not holding any positions in the stocks listed above. The purpose of this list is to watch these stocks for opportunities to make trades during the trading session [link] [comments]  |
| [Question] Is my girlfriends friend lying or do I not understand? Posted: 08 May 2020 02:12 PM PDT Sorry I don't post often and hope I'm not violating any rules? But I had a question on stocks. I'm still somewhat new to the concept of trading. My girlfriends friend bought USO stocks back in April and said she recently sold them making 2,000$ from only investing 100$. Is that possible? Did she do "Put" orders(vaguelyknow how they work)? How was the average price of each stock 2.52 if the stock has been hovering 20$. Could someone explain this to me on what she did and If it was true? http://imgur.com/gallery/H3bIGsr [link] [comments]  |
| Posted: 08 May 2020 01:29 PM PDT Fellow tanker stock bagholders I believe a discussion is in order. I believe we've largely hit the bottom of their decline, and they'll be stagnant until Q2 or some bad oil news come out so I'm holding. What are everyone else's thoughts as of today? Holding? Selling? Averaging down? [link] [comments]  |
| Posted: 08 May 2020 12:56 PM PDT Hey guys, just wanted to throw out a possible future position and would love some feedback. Advanced Emissions System ($ADES) is an emissions controlling company which specializes in the creation and outfitting of emission reduction technology, with an emphasis on reducing emissions in coal manufacturing and refining. Currently trading at: $7.48 P/E: 3.53 Div ratio: 14.66 current asset/liability ratio: 1.19 Total asset/liability ratio: 2.65 I believe this company has a bright future in the U.S.'s efforts in reducing emissions over the coming years. I don't believe with have a full transition from fossil fuels for quite awhile, making this a great long term play in my opinion. I would love to hear your feedback or any more information, as I'd like to buy a few hundred shares in the coming weeks. [link] [comments]  |
| OPINION: Why Stocks seem so disconnected with reality Posted: 08 May 2020 10:44 AM PDT Seeing all the debate around how the market seems disconnected, I wanted to put in my 2cents. From what I've seen, there are A LOT of people who think that even with 14%-19% unemployment (depending on how you count it) there will be an immediate economic rebound in the US after lockdown is over. the dow crashed after the "cure" was found to be unfruitful, it recovered with the FDA approval of redensivir and got better after the stimulus (like always). MANY of my friends have asked for financial advice on buying and I saw on a poll somewhere that about 78% of people polled would invest their check-in stocks (ill try to find it or include it if I can find it). This means large amounts of money entering the stock market, honestly creating a bubble in the middle of a crash (how this is possible is beyond me) I have seen a plethora of scam ads of "the market is on sale" "best chance to invest" and it looks like those are growing faster than corona, leading many gullible people to blindly invest, especially in the because it is seen by the public as "exiting" "recession-proof" "infinite growth" "giants" and to a good extent that is true, just not at the level they should be trading. we saw the Tesla stock crash after the Musk tweet and I have to agree, the high prices right now relly on the faith of an immediate economic rebound, which in my opinion is unlikely to come. The possibility of a dead cat drop is daunting, that's why I left not too long ago and I am biding my time, as lockdown ends and people are still unable to spend (shocker). High debt, high unemployment, high prices, it all seems too crazy for me to invest right now but if you do believe it in all cases the economy will rebound, feel free to do it. I don't claim to be an expert, but just following this crash has been insane and I think that this can be useful to know why there seems to be such a disconnect between cashflow and valuation and I would love to hear more thoughts on this. [link] [comments]  |
| Posted: 08 May 2020 09:43 AM PDT A large cap company for under $8. Rated at $12 and killed it last quarter. I think everyone is skeptical because of the oil and gas inventories. Earnings after market closes on Monday. Going to see if I can make 20%. [link] [comments]  |
| Posted: 08 May 2020 01:23 PM PDT Opinions on BioCryst (BCRX) stock? Up around 19% today Terrible profit margin (-222.99%) Up +26.7% this week And +134.85% this month [link] [comments]  |
| Logitech and work from home trend Posted: 08 May 2020 08:53 AM PDT Going long LOGI. In January I was buying Webcams and computer accessories Logitech was the bestselling manufacturer in every category. I checked the same stuff that I bought in January in March and all of them were sold out. Third party sellers were asking $90 for a webcam I paid $30 for. My mouse was $15 but now you can't even find it. You have to buy more premium models. They also own Blue Microphones (Blue Yeti and Blue Snowball) Jaybird and Astro Gaming. Blue products are on back order too. Is Logitech expensive? Today it's very close to January prices. A lot of companies are reimbursing staff for buying telecommunication equipment such as webcams for zoom, teams, google hangout, .... Logitech had the top 3 bestselling webcams. Their blue subsidiary had best selling microphones (now on back order). Even some of their computer speakers are on backorder. https://www.theverge.com/2020/4/9/21199521/webcam-shortage-price-raise-logitech-razer-amazon-best-buy-ebay With schools closing early a lot of guys bought their peripherals for gaming. Their gaming products even have their own supreddit r/LogitechG. As we know gaming stocks have been on fire. Even one of the posts making to r/all was a LifeProTip to buy a good webcam to look good for work. People are starting to pick up on this trend. I was listening to a podcase in which an old grandma called and asked about investing in Logi just because she had noticed the pattern. If people are gonna want to skype, zoom, Microsoft teams, google hangout, .... then they are gonna need a webcam/microphone. Risk vs reward looks attractive. Earnings is early next week. I picked up the stock and some calls for next week. [link] [comments]  |
| The Economist, May 7 2020 edition: A dangerous gap. The market v the real economy Posted: 08 May 2020 12:58 AM PDT I pasted the article, to exempt you from registering an account to read it. What do you think? Financial markets have got out of whack with the economy. Something has to giveSTOCK MARKET HISTORY is packed with drama: the 1929 crash; Black Monday in 1987, when share prices lost 20% in a day; the dotcom mania in 1999. With such precedents, nothing should come as a surprise, but the past eight weeks have been remarkable, nonetheless. A gut-wrenching sell-off in shares has been followed by a delirious rally in America. Between February 19th and March 23rd, the S&P 500 index lost a third of its value. With barely a pause it has since rocketed, recovering more than half its loss. The catalyst was news that the Federal Reserve would buy corporate bonds, helping big firms finance their debts. Investors shifted from panic to optimism without missing a beat. This rosy view from Wall Street should make you uneasy (see article). It contrasts with markets elsewhere. Shares in Britain and continental Europe, for example, have recovered more sluggishly. And it is a world away from life on Main Street. Even as the lockdown eases in America, the blow to jobs has been savage, with unemployment rising from 4% to about 16%, the highest rate since records began in 1948. While big firms' shares soar and they get help from the Fed, small businesses are struggling to get cash from Uncle Sam. Wounds from the financial crisis of 2007-09 are being reopened. "This is the second time we've bailed their asses out," grumbled Joe Biden, the Democratic presidential candidate, last month. The battle over who pays for the fiscal burdens of the pandemic is just beginning. On the present trajectory, a backlash against big business is likely. Start with events in the markets. Much of the improved mood is because of the Fed, which has acted more dramatically than other central banks, buying up assets on an unimagined scale. It is committed to purchasing even more corporate debt, including high-yield "junk" bonds. The market for new issues of corporate bonds, which froze in February, has reopened in spectacular style. Companies have issued $560bn of bonds in the past six weeks, double the normal level. Even beached cruise-line firms have been able to raise cash, albeit at a high price. A cascade of bankruptcies at big firms has been forestalled. The central bank has, in effect, backstopped the cashflow of America Inc. The stockmarket has taken the hint and climbed. The Fed has little choice—a run on the corporate-bond market would worsen a deep recession. Investors have cheered it on by piling into shares. They have nowhere else good to put their cash. Government-bond yields are barely positive in America. They are negative in Japan and much of Europe. You are guaranteed to lose money by holding them to maturity, and if inflation rises the losses would be painful. So stocks are appealing. By late March prices had fallen by enough to tempt the braver sort. They steeled themselves with the observation that much of the stockmarket's value is tied to profits that will be made long after the covid-19 slump has given way to recovery. Tellingly, though, the recent rise in share prices has been uneven. Even before the pandemic the market was lopsided, and it has become more so. Bourses in Britain and continental Europe, chock-full of troubled industries like carmaking, banking and energy, have lagged behind, and there are renewed jitters over the single currency (see article). In America investors have put even more faith in a tiny group of tech darlings—Alphabet, Amazon, Apple, Facebook and Microsoft—which now make up a fifth of the S&P 500 index. There is little euphoria, just a despairing reach for the handful of businesses judged to be all-weather survivors. At one level, this makes good sense. Asset managers have to put money to work as best they can. But there is something wrong with how fast stock prices have moved and where they have got back to. American shares are now higher than they were in August. This would seem to imply that commerce and the broader economy can get back to business as usual. There are countless threats to such a prospect, but three stand out. The first is the risk of an aftershock. It is entirely possible that there will be a second wave of infections. And there are also the consequences of a steep recession to contend with—American GDP is expected to drop by about 10% in the second quarter compared with a year earlier. Many individual bosses hope that ruthless cost-cutting can help protect their margins and pay down the debts accumulated through the furlough. But in aggregate this corporate austerity will depress demand. The likely outcome is a 90% economy, running far below normal levels. A second hazard to reckon with is fraud. Extended booms tend to encourage shifty behaviour, and the expansion before the covid crash was the longest on record. Years of cheap money and financial engineering mean that accounting shenanigans may now be laid bare. Already there have been two notable scandals in Asia in recent weeks, at Luckin Coffee, a Chinese Starbucks wannabe, and Hin Leong, a Singaporean energy trader that has been hiding giant losses (see article). A big fraud or corporate collapse in America could rock the markets' confidence, much as the demise of Enron shredded investors' nerves in 2001 and Lehman Brothers led the stockmarket down in 2008. The most overlooked risk is of a political backlash. The slump will hurt smaller firms and leave the bigger corporate survivors in a stronger position, increasing the concentration of some industries that was already a problem before the pandemic. A crisis demands sacrifice and will leave behind a big bill. The clamour for payback will only grow louder if big business has hogged more than its share of the subsidies on offer. It is easy to imagine windfall taxes on bailed-out industries, or a sharp reversal of the steady drop in the statutory federal corporate-tax rate, which fell to 21% in 2017 after President Donald Trump's tax reforms, from a long-term average of well over 30%. Some Democrats want to limit mergers and stop firms returning cash to their owners. For now, equity investors judge that the Fed has their back. But the mood of the markets can shift suddenly, as an extraordinary couple of months has proved. A one-month bear market scarcely seems enough time to absorb all the possible bad news from the pandemic and the huge uncertainty it has created. This stock market drama has a few more acts yet.■ [link] [comments]  |
| Posted: 08 May 2020 08:47 AM PDT https://mobile.reuters.com/article/amp/idUSKBN22K0N6 Look at this article, they already sold out! [link] [comments]  |
| Posted: 08 May 2020 04:56 AM PDT With everyone in lockdown, video games have become a lot more popular, Sony announce their Q1 earnings next week. Is it likely they outperform expectations, similar to Peloton? [link] [comments]  |
| Posted: 08 May 2020 12:17 PM PDT Okay, I feel kind of dumb for this but I use schwab for my brokerage account and I usually only buy US stocks. Last night I put in an order for shares of Norwegian Air. I didn't realize they would charge me a $50 foreign transaction fee which sucks but my fault, live and learn. What I am worried about is that the name of the equity said "NORWEGIAN AIR SHTL RIGHTS EXERCISE EXP: 05/14/20" and I have no idea what that means lol. Can someone tell me what I bought please? Lol thank you in advance. [link] [comments]  |
| Posted: 08 May 2020 09:06 AM PDT Already got 10k each in VUG and VTV. Looking for a stock that I can buy and forget for 3-5 years. Looking at MSFT and AAPL but unsure since there are already in my ETFs. Any suggestions are welcome! Edit: decided to just put it in an another ETF! Will keep my individual stocks for swing trading :) [link] [comments]  |
| What long term stocks to invest in? Posted: 08 May 2020 01:38 PM PDT So I'm fairly new to investing and still learning about very basic investment. I'm currently looking to invest for long term gains and I'm interested to see about which stocks you would recommend for that? [link] [comments]  |
| Posted: 08 May 2020 11:33 AM PDT What do y'all think about Nikola merging with $VTIQ to become a direct competitor to Tesla? Should I invest in VectoIQ now or wait until the merger settles for a couple months? Nikola showed the projected numbers for the next couple years trucks and it's pretty impressive. More than 14,000 preorders for their trucks have taken place for about 10b in revenue. Is this an interesting idea or are y'all still long on $TSLA? [link] [comments]  |
| These unemployment numbers mean nothing. Posted: 08 May 2020 01:01 PM PDT ... which is why the market is barely reacting to them. All the "sky is falling" posts/comments are getting ridiculous. Millions of unemployed!!!! It's almost like the government told everyone to stay home, file for an easily qualify-able and expanded unemployment, and shuttered businesses temporarily.... Stop pretending these unemployment numbers are permanent and indicative of anything but people complying with an order that can be lifted at any time. Yes, some businesses may not survive a few months of no revenue. MOST, however, will and will invite back nearly all of the employees that were temporarily laid off. Lots of posters here with short positions sewing FUD.... [link] [comments]  |
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