Stocks - r/Stocks Daily Discussion & Fundamentals Friday Jun 05, 2020 |
- r/Stocks Daily Discussion & Fundamentals Friday Jun 05, 2020
- May unemployment rate comes in at 13.3%, better than the 19.5% expected
- A philosophy for the new (young) investor
- “The stock market isn’t a snapshot of the economy, it’s a graph outlining the emotion state of rich people”
- I Regret
- Stocks and cruises - yeah I’m glad I didn’t listen
- Just sold out...
- WE ALLL UP
- CAREFUL EVERYONE
- Travel industry stocks
- Sold DNKG at 100% profit
- This market is mad
- DraftKings Partners With Bay Mills Resort & Casino to Bring Sports Betting to Michigan
- Airlines
- $NOK - a massive dark horse on its way up.
- For the inevitable, "is now a good time to buy Donkey Kong?" posts
- Irrational exuberance on full display
- Stocks to buy before the weekend?
- United Airline stocks Im up 56%
- Anyone else buy OXY around it’s 52-wk low in March, and sell today?
- $BABA New Resistance @ $220, Eye for Breakout
- A bankrupt company and fraudulent company both taking the winners podium
- California closer to legalizing sports betting
- Anybody here go for WORK
| r/Stocks Daily Discussion & Fundamentals Friday Jun 05, 2020 Posted: 05 Jun 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]  |
| May unemployment rate comes in at 13.3%, better than the 19.5% expected Posted: 05 Jun 2020 05:36 AM PDT https://www.cnbc.com/2020/06/05/jobs-report-may-2020.html
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| A philosophy for the new (young) investor Posted: 05 Jun 2020 10:04 AM PDT "Why did I not buy x in March, I could have a 250% return right now" "Damn, I should've poured my entire fucking life savings into $BITCH when I saw that DD post on it a week ago" "I should've just held, sold way too early and now it's up $3" Been seeing a lot of posts along the lines of these statements for the past few weeks. The volatility of the market bestowing random lotto wins upon a handful of risk takers, who then proceed to (justifiably) claim bragging rights along with their newfound cash isn't helping the issue. People will, of course, daydream themselves into a similar scenario, and the likelihood of a large, UNeducated gamble increases with each "missed" opportunity perceived. For those of you who are in your university years or a little past, we're looking at most likely a baseline hourly wage of $12.50 (CA assumption). This is what you'd be standing on your feet for 8 hours a day to earn, a daily intake of roughly $80 after taxes, all the while dealing with the dumb shit that presents itself in every entry level position. Did your trade today result in a profit greater than $80? Congratulations, you have no cause to be regretful. Did your profit for the week average out to greater than $400? Nice, you just made a week's salary without enduring the arduous process of punching in a time card every day. Maybe you made double, triple that, quadruple, or even 10 times that in the span of a week or less. You should be ecstatic; you just earned several months' paychecks in a fraction of the time and with a sliver of the work. Maybe you have an actual job on top of this windfall; now you've doubled your financial stability (or more) and take that trip with the boys. Maybe the stock or contract climbs after you sell. So long as you beat your working average, consider it a win. Don't think "what if". Just count your cash. [link] [comments]  |
| Posted: 05 Jun 2020 08:36 AM PDT Amusing and accidentally insightful quote from Krystal Ball via JRE [link] [comments]  |
| Posted: 05 Jun 2020 06:42 AM PDT Not dumping more money in stocks when the market crashed in March [link] [comments]  |
| Stocks and cruises - yeah I’m glad I didn’t listen Posted: 05 Jun 2020 05:52 AM PDT I said this yesterday and last week but holy shit I'm glad I didn't listen to almost everyone here saying to keep far away from the airlines and stocks. I'm up a stupid amount of money because 90% of my portfolio is in airlines and cruises right now. It was a no brainer especially with airlines [link] [comments]  |
| Posted: 05 Jun 2020 10:16 AM PDT Just sold all my positions since I don't believe this rally will hold, so inevitably it will and stocks will shoot up next week as well. Your welcome /s. Good luck and kudos on your gains folks! It's been real. [link] [comments]  |
| Posted: 05 Jun 2020 11:47 AM PDT enough of the "i'm up $5,000" post flooding the wall. WE ALL UP! You ain't special. [link] [comments]  |
| Posted: 05 Jun 2020 10:40 AM PDT https://twitter.com/n_yang/status/1268922043778469893 https://www.mprnews.org/story/2020/06/05/us-unemployment-drops-unexpectedly-to-a-stillhigh-133 Minnesota Public Radio The Labor Department admitted that government household survey-takers mistakenly counted about 4.9 million temporarily laid-off people as employed. The government doesn't correct its survey results for fear of the appearance of political manipulation. Had the mistake been corrected, the unemployment rate would have risen to 16.1 percent in May. But the corrected April figure would have been more than than 19 percent, rather than 14.7 percent. [link] [comments]  |
| Posted: 05 Jun 2020 06:43 AM PDT After our trip was cancelled, we decided to invest our vacation budget in airlines, cruises and hotels on May 8. Risky but money we could afford to lose. As of this morning, we are up 60% overall on that investment! 🤯 Top movers: $AAL +128% | $NCLH +115% | $UAL +108% [link] [comments]  |
| Posted: 05 Jun 2020 07:12 AM PDT So yea, I just sold DKNG. I know everyone keeps saying it will grow and so on, but I think I'm happy enough at 100% profit in a matter of weeks!! Thanks everyone for the tip on DKNG. Will continue to reinvest into other stocks and ideally just sit on a pile of cash waiting for the crash. Love u all! [link] [comments]  |
| Posted: 05 Jun 2020 12:15 PM PDT I'm not super bearish, but I must say this market has gone mad. We are back within 5% ish of all time highs which were already based on generous valuations and general optimism. There are factors boosting valuations on the market like extremely low treasury rates, repos and QE, but, at the end of the day, risk is a lot higher than 4 months ago and future cashflows for most major corporations are reduced. The risk of a second wave is definetely not priced in nor are Q3 earnings that will be awfull for anything related to travel, tourism, brick and mortar retail, etc. I would not advise to yolo everything on puts, but be carefull, hedge your bets and don't be too hasty to jump on that V shaped recovery train. [link] [comments]  |
| DraftKings Partners With Bay Mills Resort & Casino to Bring Sports Betting to Michigan Posted: 05 Jun 2020 09:06 AM PDT BOSTON, June 04, 2020 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (NASDAQ: DKNG) announced it is partnering with Bay Mills Resort & Casino to enter into a new market access deal, subject to the receipt of all applicable licenses and approvals, that will bring the number one-rated mobile sportsbook to sports fans across the state of Michigan. The DraftKings Sportsbook mobile app is currently available in Colorado, Indiana, Iowa, New Jersey, New Hampshire, Pennsylvania and West Virginia. "Through a commitment to provide customers with a premier sports betting experience, DraftKings is happy to partner with Bay Mills Resort & Casino," said Ezra Kucharz, DraftKings' Chief Business Officer. "The Great Lakes State presents a number of gaming opportunities and we look forward to collaborating with Bay Mills to provide residents with the best-in-class experience DraftKings is known for." [link] [comments]  |
| Posted: 05 Jun 2020 09:32 AM PDT I regret not dumping more money into Boeing at $100 or even cruises or airlines. But at least I learned my lesson. People were saying Boeing was failing and it's gonna go bankrupt. But now the price is at $200... also everyone is waiting for a 2nd stock market crash? What happened to "never time the market" [link] [comments]  |
| $NOK - a massive dark horse on its way up. Posted: 05 Jun 2020 10:45 AM PDT My fellow brothers, if you followed the ET play carefully, you've made +600% today. I've cashed out and now looking for another short-term play. In the meantime, here is a great long term play if you have the patience. $NOK is one of the most overlooked and forgotten stocks in the tech market. Although it is true that they are no longer the company the used to be (a dominant phones manufacturer) which is why the stock had gone on a long and extensive slide. However, that's exactly the point a lot of people are missing – it's NOT the same company anymore. Although they are still making phones, their focus had changed from phones to telecommunication equipment. In my opinion, they are the most promising and undervalued 5G player in the game. First of all, look at how their financials have improved over the last 16 months. Since this part is easy to look up, I'm not going into details. Check their SEC filings. Now, the political landscape has turned upside down compared to last year and is now a lot more favorable to Nokia than ever before. With all the China commotion and numerous accusations, Huawei, the leading 5G player, is now growing a very bad reputation in the Western part of the world. The Trump administration has already signed an executive order to focus on 5G telecommunications development independent from China. https://www.nytimes.com/2020/05/15/business/economy/commerce-department-huawei.html TELUS, a Canadian telecommunications company, recently announced that it had selected Nokia and Ericsson to deploy 5G services across its network. https://finance.yahoo.com/news/telus-chooses-nokia-ericsson-equipment-134101823.html Believe me, Europe is going to turn their backs on Huawei in a very near future because daddy (uncle Sam) said so. Guess who all the contracts will be divided between? Nokia and Ericsson. The recent falling out of Canada and China (see the Huawei extradition case) only added more fuel to the fire in their relationship. Nokia is also signing new contracts left and right (yes, Ericsson does too) and growing its presence in India (probably, thanks to the CEO). Now, a new CEO will be taking over the chair in September, who is going to focus on expanding Nokia's presence in Europe and Asia. The US is also going to stay away from Huawei, although there are many people who claim we are too dependent on China to break ties like this. What those same people forget is that putting all the blame on China is basically a 100% chance for Trump to get re-elected and believe me, he is not going to let this chance slip away. In my opinion, it is silly to apply TA to this stock in this environment. This is more of a political play than anything else. COVID-19 and the country-wide riots have basically cemented the already sure scenario of a mass-scale surveillance. 5G equipment is about to start spreading faster than the Spanish Flu back in 1900s whether you like it or not. Nokia has been on a fire run from 2.40-ish to today's 4.49 as of this post. It's been upgraded to buy by a few major investment banks (including JPM). My positions:
In my opinion, this stock is going over 10 by 2021 and to 20s by 2022. Get in while it's still cheap or stay back and watch it fly. Good luck! [link] [comments]  |
| For the inevitable, "is now a good time to buy Donkey Kong?" posts Posted: 05 Jun 2020 07:58 AM PDT Look at DKNG today, slightly in the red, hovering around $40. If you believe in DKNG (either long or short term) and I mean if you really believe in them, then consider buying today, so you're not on this sub posting is now a good time to buy DKNG when it rallies to $45 on the next announcement. Just my $.02. [link] [comments]  |
| Irrational exuberance on full display Posted: 05 Jun 2020 08:04 AM PDT Hertz Global Holdings ($HTZ), a bankrupt company is up more than 100%. This is beyond absurdity. [link] [comments]  |
| Stocks to buy before the weekend? Posted: 05 Jun 2020 09:02 AM PDT Any good stocks to buy before the weekend comes? I just bought some Slack at 31$ because I believe it was oversold and will partially bounce back over the weekend. [link] [comments]  |
| United Airline stocks Im up 56% Posted: 05 Jun 2020 07:43 AM PDT (Update) My united airline stocks is up 56%. On May 21st I put 4500$ into the market (huge chunk of my unemployment). Currently up 12000$. I'm shocked knowing the amount of money people make in the stock market. http://imgur.com/a/iUE9afN [link] [comments]  |
| Anyone else buy OXY around it’s 52-wk low in March, and sell today? Posted: 05 Jun 2020 01:26 PM PDT |
| $BABA New Resistance @ $220, Eye for Breakout Posted: 05 Jun 2020 12:22 PM PDT Called the rise in Alibaba a week or so ago. Way too much positive press from articles and analyst target price adjustments for those gains not to happen. Encountering pretty strong headwinds at the 219-220 range though. Keep an eye on this as it could serve as a new platform to make another leap from. Of the frontrunners this situation has produced, Alibaba is set to contend with the best of them. [link] [comments]  |
| A bankrupt company and fraudulent company both taking the winners podium Posted: 05 Jun 2020 07:32 AM PDT |
| California closer to legalizing sports betting Posted: 04 Jun 2020 08:25 PM PDT https://www.courthousenews.com/california-moves-closer-to-legalizing-sports-betting/ They are closer to legalizing it now..! This will net hundreds of millions in revenue.. Let's go $BETZ!!!!! [link] [comments]  |
| Posted: 05 Jun 2020 01:29 PM PDT I intent to use my saving 10k for WORK as a long term investment. Any advice for newbie like me guys . [link] [comments]  |
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