• Breaking News

    Thursday, July 2, 2020

    Stock Market - 'It's Tesla's world and everyone else is paying rent': analyst

    Stock Market - 'It's Tesla's world and everyone else is paying rent': analyst


    'It's Tesla's world and everyone else is paying rent': analyst

    Posted: 02 Jul 2020 09:57 AM PDT

    https://finance.yahoo.com/news/its-teslas-world-and-everyone-else-is-paying-rent-dan-ives-165237352.html

    Tesla's stock (TSLA) has turned into a runaway beast, and what gets it back into the cage is a giant unknown right now.

    Shares of the electric automaker have surged 183% year-to-date, with 80% of that eye-popping gain coming in the past three months, according to Yahoo Finance Premium data. The push higher comes amid optimism on Tesla's future business in China but also the pace of recovery in the U.S. as production at the company's Fremont, Calif. facility gets back up and running post COVID-19.

    At this point, noted Tesla bull Dan Ives of Wedbush Securities, Tesla stands alone in the electric auto market. "It's Tesla's world, and everyone else is paying rent," said Ives on Yahoo Finance's The First Trade.

    submitted by /u/coolcomfort123
    [link] [comments]

    TX, FL, and CA make up 28.5% of the united states GDP, these are the covid hotspots

    Posted: 02 Jul 2020 04:35 PM PDT

    https://i.imgur.com/qQEMZtl.jpg

    The old hotspots NY, IL, LA, NY, CT made up around 17% of the US GDP. This is a yugeee difference in gross domestic product. Puts gonna print

    submitted by /u/dancingbearstonks
    [link] [comments]

    Do you believe we are in a bubble that is about to burst?

    Posted: 02 Jul 2020 03:11 PM PDT

    A lot of stocks are soaring and rendering fundamentals useless, which is typically the sign of a bubble forming. Companies worth billions of dollars which have no revenue.

    What do you think?

    submitted by /u/moscow___mitch
    [link] [comments]

    Is TSLA’s insanely high evaluation largely anticipation for Neuralink?

    Posted: 02 Jul 2020 08:15 PM PDT

    From the interviews I've seen him on Joe Rogan seems like he knows something - something extremely world changing.

    Just based on the description of what this technology does and future abilities to come, it only seems reasonable to assume Tesla could shift society - similar to how Apple shifted society with the iPhone and the shift towards smartphones.

    Based on what he's describing I think this technology will save our planet, will put people that are disadvantaged in positions of advantage.

    Seriously life changing shit.

    As a person with a paralyzed vocal cord, I could theoretically get this installed in my brain and it would be able to fix the disconnect in my he neural pathway that won't allow my left vocal cord to move.

    To me that's absolutely mind blowing.. and this is only the tip of the iceberg.

    I feel like Elon's weirder and weirder behavior is contributed by his research with AI. I think he's gonna reach god like levels of power, higher than Mark Zuckerberg's level of influence currently in society.

    Thoughts?

    submitted by /u/dirtiestofbuttholes
    [link] [comments]

    There will be a mass exodus from Nikola into Workhorse.

    Posted: 02 Jul 2020 06:58 AM PDT

    If you take a look at NKLA's market cap, it's nearly 20 times as large as WKHS - yet they only have a prototype and no actual product. Workhorse has some legit patents, which I believe is key in a novel industry. I also think that Lordstown motors is very promising, which they have a 10% stake in.

    I think Nikola is extremely overvalued and if you look at the volume trading vs the average volume, it very minute. The stock is also sinking, while WKHS is shooting up and has been upgraded to a higher price by analysts.

    To me, it looks like this is just the beginning of the company, and if they do secure the USPS contract their stock will skyrocket. If they don't win it, I don't think it will sink the company either, maybe just drop the stock 30 percent or so.

    Just some thoughts...

    submitted by /u/moscow___mitch
    [link] [comments]

    r/StockMarket July 2020 Contest Update as of market close 7/2/20

    Posted: 02 Jul 2020 04:36 PM PDT

    Simple Math on a Complex Situation for Clarity

    Posted: 02 Jul 2020 12:17 PM PDT

    If you take any index and give it a market cap, let's say for this example, market cap will be represented by 30 trillion (close to S&P 500 at end of 2019). Then you take 4.5 trillion money supply and add 2.2 trillion to it (fed money printing in response to COVID). This money supply is what is being spent by consumers and thus creating earnings on corporate reports. With some simple cross multiple and divide to make ratios out of what is being represented: 4.5/6.7 = 30 / x. x = 45 trillion market cap. This means that the market cap of said index should be 45 trillion. That is a 50% increase of value there should be in that market cap with the new money supply. However, markets have remained relatively flat YTD (from a broad index standpoint). From this I conclude that the markets are currently down quite significantly from a real value standpoint but they appear overvalued due to the inflation that hasn't quite set in to our economic pricing yet.

    This probably sounds really dumb to many but I want your thoughts on my thoughts. The stock market, I know, does not have such a direct correlation to money supply, but there has to be enough correlation for some significance.

    submitted by /u/WiltedCranberry
    [link] [comments]

    What is USA SEL and Amplidyne?

    Posted: 02 Jul 2020 02:35 PM PDT

    Could someone help me out? Im a college student and just got into investing in stocks since I did really good with Spotify. I invested in something called Amplidyne on Monday 6/29. Its made 46.52% since I bought it but after researching Amplidyne and USA SEL (I assume its a market, what it says on my app) I still have no clue what it is.

    submitted by /u/Fleetwood_macintosh
    [link] [comments]

    Will Electrameccanica Vehicle Corp grow?

    Posted: 02 Jul 2020 02:21 PM PDT

    Newbie investor here. I was stupid not to invest in Workhorse when it was trading for single digits! Anyone here buying Electrameccanica stocks? The trading volumes were crazy high today, so wondering if folks are going to pump it to new heights? Thanks!

    submitted by /u/new_reditor
    [link] [comments]

    Apps to buy stocks for a beginner

    Posted: 02 Jul 2020 07:34 AM PDT

    Hey guys!
    I am new here, I just wanted to buy 2-3 stocks worth like up to 50$ and I could not find a way how to do it. I am a student and from Georgia (Country, not state in the USA) and my liquid net worth is really low, therefore I was unable to register on the websites that I found online, since they ask me to either be from the USA/ have net worth of something or have social insurance number/something like that. I have a regular income from my employer and its fine even if I those stocks go really low, just wanna try it out, I'm sure there will be some way for me to do it, if anyone can help it will be greatly appreciated!

    submitted by /u/luukitooo
    [link] [comments]

    Congratulations to our r/StockMarket June 2020 Stock Picking Contest WINNER -- ZadrraS!

    Posted: 02 Jul 2020 04:08 PM PDT

    You've got $5,000. Would you buy Pfizer ($PFE) or Moderna ($MRNA)?

    Posted: 02 Jul 2020 04:02 PM PDT

    Are you team Pfizer or Moderna? Both seem to be developing the same type of vaccine. Moderna had a minor setback today while Pfizer had positive news regarding their vaccine but the stock isn't very volatile.

    submitted by /u/Mr_JerryS
    [link] [comments]

    U.S. Treasury Announces Loan Agreements With Five Major Airlines

    Posted: 02 Jul 2020 06:17 AM PDT

    https://www.wsj.com/articles/u-s-treasury-announces-loan-agreements-with-five-major-airlines-11593694982?redirect=amp#click=https://t.co/vOM9nh2X0r

    Here is the full article. I think the story is still developing so there could be more details to come.

    Article below...

    "The U.S. Treasury Department finalized terms of loans to five major airlines as part of an aid program to help the industry weather the coronavirus pandemic.

    The Treasury said that American Airlines Group Inc., Frontier Airlines, Hawaiian Airlines, SkyWest Airlines and Spirit Airlines Inc. had agreed to loan terms and signed letters of intent.

    Air travel fell sharply this spring as government restrictions on travel and fears of infection kept passengers from flying. While air travel has started to rise, demand remains a fraction of what it was a year ago and airline executives have said they expect a full recovery will likely take years.

    These are the first airlines to accept government loans from a $25 billion pool Congress earmarked under the Cares Act, the $2.2 trillion economic stimulus package passed in March. Major carriers have also received another $25 billion in federal aid to pay workers through the end of September to avoid mass layoffs they said would have been inevitable otherwise.

    The Treasury didn't detail the amounts of the loans or the terms, but said the borrowers would have to provide warrants, equity stakes, or senior debt instruments. The Treasury said it is continuing discussions with other carriers that are eligible for loans.

    American Airlines has previously said it would be eligible for loans of as much as $4.75 billion, and that it was seeking to pledge its frequent flier program as collateral."

    submitted by /u/UpTheDownMarket
    [link] [comments]

    New to trading. What's your advise on selling calls?

    Posted: 02 Jul 2020 11:59 AM PDT

    I'm planning on using 50 to 100 for my first trade and trying to learn as much as I can before jumping in. What's are some stocks to look into that I would have the best chance at as a noob?

    submitted by /u/justkeepswimming31
    [link] [comments]

    New stimulus bill

    Posted: 02 Jul 2020 10:36 AM PDT

    So Q2 Earnings are coming and JPow is a bit scared so we are starting to speak about a new stimulus bill, but why would the FED continue doing that instead of totally backing loans from banks ?

    Because this stimulus is not helping the economy since people are saving like never before, and people who really need money are people who are willing to take a loan, so why not helping the banks to give those loans at a zero risk default ? I know that right now all loans are 95% backed, but why not going to a full 100% the time of the pandemic ?

    submitted by /u/Mansmisterio
    [link] [comments]

    Elon Musk will be a trillionaire before Jeff Bezos

    Posted: 02 Jul 2020 02:15 PM PDT

    Stock price at $1,220 in afterhours right now; peaked around 1,228 this morning after smashing Q2 sales. Tesla will rise to $2,000 by next year, and up to 5,000/share by 2024.

    submitted by /u/INMF88
    [link] [comments]

    Watchlist: Early Friday, Unemployment, & Bulls

    Posted: 02 Jul 2020 04:12 AM PDT

    Market Notes:

    It's the last trading day of the week with the holiday observation on Friday.

    Jobs report due out this morning and will likely be the main catalyst for the market today.

    Bulls have broken the downtrend and the market appears to be moving up now. Futures are currently higher ahead of the jobs report.

    On a personal note for me, as of yesterday, my overall profit chart turned positive. I will continue following my strict plan and have my eyes set on self-employment.

    Watchlist:

    MYOS is a low float, watching for it to get back to the high $3, no trade where it's currently trading.

    ATHE is a low float, resistance is at $2

    NH is a low float, resistance at $5.20, support at $5

    APTX is a lowish float, resistance at $5.25

    YRCW watching for a setup above $3.50

    LPCN has resistance at $1.30

    AFMD has resistance at $4.80

    NIO looking for support at $8

    submitted by /u/tradingforkeeps
    [link] [comments]

    will there be a crash soon?

    Posted: 02 Jul 2020 04:16 PM PDT

    i invested in lots of companies i bought 1 share of tesla and made 300 dollars and I made 400 from Shopify im thinking of buying amazon but then i would have no money left could there be a crash soon because the virus keeps getting worse and should i sell my stocks

    submitted by /u/shibstark
    [link] [comments]

    Just starting :)

    Posted: 02 Jul 2020 08:27 AM PDT

    I recently started to read "The Intelligent Investor" by Benjamin Graham. This being the first book of this kind I have ever read, is kinda difficult or strange for me. In some point he mentions the use of "letter stock" as a new market trick. Can someone explain to me what is exactly a letter stock and why is he considering it as a trick? My biggest problem is that english isn't my mother tongue and even though the book I'm reading is translated every article about stock letters I've found so far has been in English and use some complicated words. Also if you have another good book about stock and finances for a noob I'll be glad if u share it with me <4

    submitted by /u/meepop
    [link] [comments]

    How to view remaining day trades on Schwab

    Posted: 02 Jul 2020 06:09 AM PDT

    I wouldn’t be betting that we are out of the woods just yet

    Posted: 02 Jul 2020 10:13 AM PDT

    I know that we are months into this. I know that we've seen economies shut down and reopen. I know everyone has seen New York get bad and then recover. I know everyone thinks New York is the financial hub of the US and that's right, but it's not the most important economy. The 4 states with the highest GDP are California, Texas, New York, and Florida in that order. Three of those four have new case counts that are increasing rapidly. Two of those three have republican governors that have resisted shutdown orders and face masks requirements. A Vanilla Ice concert is still scheduled to happen in Austin in a few days while ICU beds are at 93% occupancy in Houston right now. Jacksonville, Florida will be hosting the RNC soon while the Florida government has been accused of cooking the books on Coronavirus numbers.

    In other words 3 of the 4 largest economies in the US have worsening coronavirus cases and 2 of the 4 are likely to resist taking significant steps to slow it until it's so bad that they have no choice but to shut everything down again.

    Lastly, we don't know yet if more stimulus is on the way.

    I'm not saying that you shouldn't be invested now or that you should be bearish or anything. But don't let FOMO make you take on undue risk either. Consider running options collars to lock in profits with free insurance against a second downturn.

    submitted by /u/jckonln
    [link] [comments]

    No comments:

    Post a Comment