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    Stock Market - Wall Street Week Ahead for the trading week beginning July 6th, 2020

    Stock Market - Wall Street Week Ahead for the trading week beginning July 6th, 2020


    Wall Street Week Ahead for the trading week beginning July 6th, 2020

    Posted: 03 Jul 2020 08:44 AM PDT

    Good Friday morning to all of you here on r/StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.

    Here is everything you need to know to get you ready for the trading week beginning July 6th, 2020.

    For markets in week ahead, investors will gauge the severity of the coronavirus spread - (Source)


    Stocks in the week ahead will focus on the severity of the spread of the coronavirus, during what should be a lull between Thursday's strong jobs report and the upcoming earnings season.


    Stocks had a bang-up week, in the four days ahead of the long July 4 weekend, with all indexes making sharp gains. A surprise record gain of 4.8 million jobs in June lifted stocks on Thursday, boosting sentiment into the weekend. The S&P 500 was up 4%% at 3,130, and the Dow was up 3.2% at 25,827%, in their best week since June 5. The Nasdaq, up 4.6% posted its best week since May 7 and closed at a record 10,207.


    Tom Lee, founder of Fundstrat, said the market has further to go, even with new U.S. coronavirus cases reaching a record daily high above 50,000.


    "There's more weak sellers, and I think the market is in the hands of buyers. I think stocks are going to do pretty well in July," he said. "There's just too much cash on the sidelines, and there's concern about the virus. There's too much concern about the economy. There is just too much of a wall of worry."


    Stocks have been able to shrug off the spreading coronavirus outbreak that has resulted in renewed shutdowns of some economic activity and delays to some anticipated openings. There is concern those economic closings could be a blow the recovery, making it more shallow and less sustainable than expected.


    Earnings season starts mid-month, and there are just a few reports in the coming week. Levi Strauss releases earnings Tuesday, Bed, Bath and Beyond is Wednesday, and Walgreens Boots Alliance reports Thursday.


    According to Refinitiv, second-quarter earnings are expect to be down 43%.


    As earnings start to roll out, Congress may also be a focus for markets as it negotiates the next round of stimulus.


    "We know July is going to be difficult unless we get more fiscal policy," said Art Hogan, chief market strategist at National Alliance. "The labor market is going to run dry or at least slow down because part of it is helped by government assistance."


    Congress has a small window after July 20 to debate the phase 4 Covid stimulus package, which is expected to include a renewal of enhanced unemployment benefits that expire at the end of July. But there's disagreement on what those benefits should be, and how big the package should be. It also is expected to include aid for state and local governments.


    As states shut activity again, there is concern that some data that has shown big improvements may not continue to do so. "Are markets prepared to see sequential data that doesn't improve? At some point the markets may pay more attention to that, but right now we're riding on a wave of better data and positive vaccine news," Hogan said, adding a worrisome wild card is the extent of the outbreak.


    In the week ahead, there are just a few data releases, including jobless claims Thursday. They will again be important, especially after continuing claims actually rose in the past week's release by 59,000 to 19.3 million, despite the surge in rehiring, evident in the June employment report.


    ISM nonmanufacturing data will be released Monday, and it will also get more than the usual attention.


    "The key to next week is going to be the ISM services number, which will be important because of the dependence we have on the service side of the economy," said Peter Boockvar, chief investment strategist at Bleakley Advisory Group.


    But it's virus news that may ultimately decide the course of the market and the economy.


    "I think there's people watching 12 vaccines, but nobody really has an idea on the cadence of the news. If it gets negative, it's negative for markets," said Lee. In the past week, stocks reacted to positive vaccine news from Pfizer.


    Lee said the market has been able to look past the concerning rise in cases because death rates have been lower in the latest outbreak, which is affecting far more younger people.


    "I think it's telling us cases are less important than severity," Lee said, adding the outbreak is still a big risk for markets. "It would be important for Texas , Florida or California to show a local peak."


    In the coming week, the Treasury will auction $46 billion 3-year notes Tuesday, $29 billion reopened 10-year notes Wednesday and $19 billion in reopened 30-year bonds Thursday.


    This past week saw the following moves in the S&P:

    (CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

    Major Indices for this past week:

    (CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

    Major Futures Markets as of Thursday's close:

    (CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF THURSDAY!)

    Economic Calendar for the Week Ahead:

    (CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

    Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    S&P Sectors for the Past Week:

    (CLICK HERE FOR THE CHART!)

    Major Indices Pullback/Correction Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!

    Major Indices Rally Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    Most Anticipated Earnings Releases for this week:

    ([CLICK HERE FOR THE CHART!]())

    (T.B.A. THIS WEEKEND)

    Here are the upcoming IPO's for this week:

    (CLICK HERE FOR THE CHART!)

    Thursday's Stock Analyst Upgrades & Downgrades:

    (CLICK HERE FOR THE CHART LINK #1!)
    (CLICK HERE FOR THE CHART LINK #2!)

    July Market Seasonality

    At the start of each month, we send members our seasonality report that highlights the historical performance of the US stock market by month. In our July report published yesterday, we highlighted the chart below which shows the Dow's average change by month over the last 100, 50, and 20 years. One notable trend is that over the last 20 years, the Dow has actually averaged declines in half of all months. The summer months have been particularly negative, but July is the one month that stands out on the bullish side. As shown in the table, July is the only month from May through September that has averaged gains over the last 20 years, and the average gain has been quite strong at 1.32%.

    (CLICK HERE FOR THE CHART!)

    The Best Quarter Since 1998

    What a quarter the second quarter was, with the S&P 500 Index adding 20.0%, for the best quarter since 1998 and the best second quarter since 1938. Of course, stocks fell 20% in the first quarter, so what we really have is a bad case of whiplash in 2020 thus far.

    "A 20% quarterly gain is quite rare, but the catch is previous large quarterly gains have actually led to continued strength," according to LPL Financial Senior Market Strategist Ryan Detrick. "In fact, a quarter later stocks have been higher the past 8 times after gaining at least 15% during the previous quarter."

    As the LPL Chart of the Day shows, future strong returns are quite normal after a big quarter. Although it might not seem likely given the headlines and magnitude of the current bounce, it is important to be aware that extreme strength usually begets more strength.

    (CLICK HERE FOR THE CHART!)

    2020 is halfway over, which means the third quarter is upon us. Historically, the third quarter has been the weakest quarter of the year.

    (CLICK HERE FOR THE CHART!)

    Breaking it down more though shows that July has been actually the strongest month during the summer. August and September have tended to be troublesome and dragged the third quarter down.

    (CLICK HERE FOR THE CHART!)

    Why Stocks Can Predict The Next President

    Although the fight against COVID-19 continues to dominate the headlines and our thoughts are with those affected, this is an election year and as we get closer to November it will begin to garner more attention. Next week in our Weekly Market Commentary, we will discuss the election in more detail, but today we wanted to share a very interesting connection between the stock market and election.

    Turns out, since 1928, the stock market has accurately predicted the winner of the election 87% of the time and every single year since 1984. It is quite simple. When the S&P 500 Index has been higher the three months before the election, the incumbent party usually won, while when stocks were lower, the incumbent party usually lost.

    "Think about it; no one expected Hillary Clinton to lose back in 2016, no one except the stock market that is," explained LPL Financial Senior Market Strategist Ryan Detrick. "The Dow had a 9-day losing streak directly ahead of the election, while copper (more of a President Trump infrastructure play) was up a record 14 days in a row, setting the stage for the change in party leadership in the White House."

    As shown in the LPL Chart of the Day, as we get closer to the election, how stocks are doing could signal who might win in November.

    (CLICK HERE FOR THE CHART!)

    First Half and Q2 2020 Asset Class Performance

    Global pandemics, bear markets, bull markets, countless records in economic data, and widespread protests made for an eventful first half of 2020, to say the least. In the table below we show the total return of various asset classes using key ETFs in June, Q2, and the first half of 2020. As shown, overall the best performing assets in June could be found outside the US as international stocks surged. Hong Kong (EWH) in particular was the best performing asset in June. Oil (USO) similarly saw solid returns of 8.42% during the month but remained the second-worst performing asset in Q2 behind Natural Gas (UNG) which was also the worst-performing asset in June. Additionally, oil was the worst-performing asset in the first half of the year. Meanwhile, although their returns were more muted in Q2 and June, Treasuries (namely at the long end of the curve) were some of the top performers in the first half. Precious metals similarly were strong performers in the first half with particular strength from silver (SLV) in Q2. Silver actually saw returns in line with cyclical equities in Q2.

    In terms of the US equities space, the Tech heavy Nasdaq 100 (QQQ) drastically outperformed closing out June with a 16.91% gain in the first half. In Q2 and June, it was also the best performing major index by a wide margin. On a sector basis, Technology (XLK), Energy (XLE), and Consumer Discretionary (XLY) all rose over 30% in Q2 just like the Nasdaq did, though their first half and June returns were more modest with the exception of the Tech sector whose returns were more in line with that of the Nasdaq.

    Investing based on market cap saw some interesting dynamics as well. Even though small caps are some of the major US indices down the most on the year—S&P 600 Small Caps (IJR) are down 17.89% and the Russell 2000 (IWM) is down 12.96% YTD—there was some catch up in June as these indices were some of the best performers. That applies to both growth and value names though small cap value (IJS) is still one of the most beaten-down groups in the US equities space. On the other hand, large-cap growth (IVW) offered the strongest returns in June, Q2, and the first half when compared to the various other style ETFs.

    Outside of the US, even with big gains in June, countries like Brazil (EWZ), France (EWQ), Italy (EWI), and Spain (EWP) remain down big on the year.

    (CLICK HERE FOR THE CHART!)

    Market Stronger Before Independence Day Holiday than After

    Over the last 21 years, the trading day before Independence Day has been stronger than the day after. DJIA and S&P 500 have advanced 60.9% of the time with average gains of 0.15% and 0.12% respectively on the day before. NASDAQ and Russell 2000 are slightly softer on the day before, but still lean bullish. On the trading day after Independence Day all four indexes have declined more frequently than advanced. DJIA has recorded the fewest number of advances while Russell 2000 has the worst average performance with a 0.14% loss.

    (CLICK HERE FOR THE CHART!)

    STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending July 2nd, 2020

    (CLICK HERE FOR THE YOUTUBE VIDEO!

    STOCK MARKET VIDEO: ShadowTrader Video Weekly 7.5.20

    ([CLICK HERE FOR THE YOUTUBE VIDEO!]())

    (VIDEO NOT YET POSTED!)


    Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-


    (TICKERS TO T.B.A. THIS WEEKEND)


    ([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!]())

    (MOST ANTICIPATED WEEKLY EARNINGS WHISPERS CALENDAR TO BE POSTED THIS WEEKEND.)

    (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
    (CLICK HERE FOR MOST NOTABLE EARNINGS RELEASES FOR THE NEXT 3 WEEKS!)

    Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:


    Monday 7.6.20 Before Market Open:

    ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())

    NONE.

    Monday 7.6.20 After Market Close:

    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    NONE.


    Tuesday 7.7.20 Before Market Open:

    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Tuesday 7.7.20 After Market Close:

    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Wednesday 7.8.20 Before Market Open:

    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Wednesday 7.8.20 After Market Close:

    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Thursday 7.9.20 Before Market Open:

    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Thursday 7.9.20 After Market Close:

    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Friday 7.10.20 Before Market Open:

    ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())

    NONE.


    Friday 7.10.20 After Market Close:

    (CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    T.B.A.

    T.B.A. Most Anticipated Earnings T.B.A this weekend.

    ([CLICK HERE FOR THE CHART!]())


    DISCUSS!

    What are you all watching for in this upcoming trading week?


    I hope you all have a wonderful 4th of July weekend and a great trading week ahead r/StockMarket.

    submitted by /u/bigbear0083
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    California is actively locking down businesses again but I haven't seen this news hit any of the standard market sources

    Posted: 03 Jul 2020 08:26 AM PDT

    Gavin Newsom recently announced that a number of businesses (e.g., bars, restaurants, theaters, etc.) have to close up again if their business can't be moved outdoors. I'm not aware of much state money being given to businesses akin to PPP, so this could hit these businesses and workers really hard. This order is county-specific, but it applies to some of the biggest counties in the state (e.g., Los Angeles County). I can see him locking down a lot more counties as cases continue to rise. I feel like this will have a negative impact on the market (though really, who knows) so I figured I'd share it.

    See:

    https://californiaglobe.com/section-2/governor-newsom-rolls-back-reopenings-19-counties-face-more-indoor-lockdown-measures/

    submitted by /u/meta-cognizant
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    Divergence between Markets and Economy: S&P +25% , GDP -53%

    Posted: 03 Jul 2020 06:37 PM PDT

    4 Charts showing the Epic divergence between the Markets and the Economy https://medium.com/technicity/4-charts-showing-the-epic-divergence-between-markets-the-economy-b6d44ca5ae74

    Federal Reserve projections convey that U.S. economy is expected to shrink by 6.5% this year, the most in recorded history, before bouncing back to 5% in 2021 and 3.5% in 2022.

    What are your thoughts on how the gap will play out in the short and long terms?

    submitted by /u/LeadingChallenge2
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    High Growth Portfolio Allocation Strategy

    Posted: 03 Jul 2020 10:29 PM PDT

    Hey guys. I am a long-term investor, currently in college and I am trying to construct a high-growth portfolio.

    How would you allocate between ARKK, ARKW, SPY, QQQ, and Individual stocks?

    I was thinking about doing:

    65% - Individual Stocks of 10-15 stocks like (SQ, NVDA, FB, TSLA, SHOP, TTD, NET, LVGO, etc... a few blue chip like BA, AAPL, DIS, and some spec stocks like DKNG, SPCE etc...).

    12.5% - QQQ

    7.5% - SPY

    10% - ARKW

    5% - ARKK

    submitted by /u/victoryknocks1000
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    Advice for an 18 year old investor

    Posted: 03 Jul 2020 09:55 PM PDT

    I have recently started my investing journey after turning 18, and was wondering if anyone could share some knowledge or tell me anything you wish you knew when you started!

    submitted by /u/Sm252_
    [link] [comments]

    Are there any stocks for DNA-based data storage/IT solutions?

    Posted: 03 Jul 2020 10:23 PM PDT

    Saw this article on it and was wondering if there exists any stocks on OTC or mainstream markets.

    https://www.techrepublic.com/article/dna-the-next-data-storage-revolution/

    submitted by /u/afrubbrduck
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    Koppers (KOP) Lowe’s Home Depot

    Posted: 03 Jul 2020 04:11 PM PDT

    Koppers (KOP) Lowe's Home Depot

    So Lowe's and Home Depot have soared above there pre February corona sell off. There fever pitch of sales has been led by treated lumber. The additional time at home and social distancing has people sprucing up their homes and yard ie. decks and fences. Koppers performance chemical is the waterborne copper preservative manufacturer for treated lumber. I will add the link to the June 17 monthly where ceo states precorona virus revenue and profit without the European market which is forecasted to further bolster the unexpected record demand. I mean he used the phrase: "demand is out stripping demand". So koppers is hovering around the 38% retrace and based on what was in the monthly business report this should be AT LEAST worth 50% of pre corona sell probably more like 68% or 100%. This company also has a very large exposure to infrastructure, so there is another leg when congress passes infrastructure bill. My family owns an independent lumber yard and we have seen a significant uptick in treated sales as the box stores can not service the huge demand for treated lumber. This has been a totally unexpected gangbusters in a time we all thought we would be fighting for scraps. Wall Street is supposed to have all this priced in already, but it doesn't seem to in this case. Am I wrong or early?

    koppers (KOP)monthly update

    submitted by /u/tangowhiskeywarlord
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    Cyber Security

    Posted: 03 Jul 2020 02:38 PM PDT

    With all of the noise around cloud computing and working from home, more and more businesses are investing in security. Which company would you bet on long term?

    Fortinet Palo Alto Crowd strike Okta Splunk

    submitted by /u/MaxandmillionB89
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    Thoughts on the % in my portfolio?

    Posted: 03 Jul 2020 07:27 AM PDT

    Amazon 14%

    Ishares FTSE100 10%

    Tesla 10%

    Coca cola 8%

    Microsoft 7%

    Apple 7%

    Ishares S&P500 7%

    Visa 6%

    Google class c 6%

    Shell 5%

    AT&T 5%

    Jp Morgan 5%

    Wells fargo 5%

    Boeing 5%

    Thanks

    submitted by /u/Sm252_
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    What is a good and save app for the stock market?

    Posted: 03 Jul 2020 12:27 PM PDT

    I recently started trading in the stock market with false money, but now i think it's time to start with real money. I don't want to lose all my money so i wanted to know which app was a good and save one.

    submitted by /u/landerman2002
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    Clearing house traders: what can you expect from a job interview?

    Posted: 03 Jul 2020 04:01 PM PDT

    T2 Biosystems Solidifies Its Position as a COVID-19 Stock With New Test

    Posted: 03 Jul 2020 06:07 AM PDT

    – 24/7 Wall St. Healthcare Business Chris Lange July 1, 2020 11:06 am

    T2 Biosystems Inc. (NASDAQ: TTOO) solidified its position as a coronavirus stock on Wednesday morning when it announced the launch of its COVID-19 molecular diagnostic test. Coronavirus testing has become a very lucrative field, with a few companies capitalizing on the significant demand for testing globally. Specifically, the company announced the completion of validation of its COVID-19 molecular diagnostic test, the T2SARS-CoV-2 Panel. The test was developed by T2 Biosystems under a license agreement with the Center of Discovery and Innovation at Hackensack Meridian Health and is being commercially distributed after validation meeting requirements for an Emergency Use Authorization (EUA) request to FDA. The T2SARS-CoV-2 Panel yields sample-to-answer results in less than two hours, using a nasopharyngeal swab sample. Also in terms of the efficiency of the test, known positive and negative patient samples showed a sensitivity of 95% and specificity of 100%. The T2SARS-CoV-2 Panel runs on T2 Biosystems' FDA-cleared T2Dx Instrument, which is a fully automated, random access system capable of performing seven tests simultaneously. Aside from this COVID-19 test, the T2Dx Instrument also can run the firm's T2Bacteria Panel and T2Candida Panel, which are capable of detecting sepsis-causing pathogens, both bacterial and fungal respectively, directly from whole blood in three to five hours Excluding Wednesday's move, the stock was up just over 8% year to date and down about 25% in the past 52 weeks. In the past quarter alone, the stock was up over 95%. T2 Biosystems stock traded up about 54% on Wednesday to $1.96, in a 52-week range of $0.23 to $3.21. The consensus price target is $5.72.

    submitted by /u/AFMatt99
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    Wirecwrd delisting?

    Posted: 03 Jul 2020 01:35 AM PDT

    Hey guys, quite new to the world of investing so pardon me if its a dumb question.

    In case of Wirecard being acquired by another company? Will the current stocks still be delisted since they have already filed for insolvency? A little detailed explanation of your answer would be really nice.

    Already lost quite a bit with wirecard. Do not want to lose anymore😅

    submitted by /u/voompaloompa
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    Real-time Market Data

    Posted: 03 Jul 2020 10:12 AM PDT

    So I was trying to figure out, where do stock trading platforms and different websites actually get their real-time data from? Like as an individual who doesn't want to pay hundred of dollars a month for a platform I can build myself, where can I obtain this actual market data? Where can I get the information for trades and volume and current prices? Not looking for more websites but the actual source of the info.

    submitted by /u/foreignspidey
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    The Gold Scandal thoughts ??

    Posted: 03 Jul 2020 05:46 AM PDT

    I was just curious and wanted to share a place where people could talk about China's gold scandal for those that dont know I'll link an article here

    https://www.google.com/amp/s/m.economictimes.com/news/international/world-news/chinas-biggest-gold-fraud-4-of-its-reserves-may-be-fake-report/amp_articleshow/76707339.cms

    I just wanted to talk about it and how it might affect chinese companies over here and the market as a whole.

    This is my first post so dont be afraid to give me some pointers

    Thanks

    submitted by /u/Shadowgalix
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    Coca Cola Dividends

    Posted: 03 Jul 2020 09:01 AM PDT

    Good afternoon my friends. I have a question, to buy and receive dividends from Coca Cola, does it matter whether you buy NYSE (NSY | KO) or Amsterdam Stock Exchange (EAM | CCE) for example? Or is there any difference on the dividend issue afterwards? Thanks

    submitted by /u/TheDalaiDrama
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    This post was made May 31st 2019 when I knew little about shares when the stock price was at 185.10 but I didn't pull the trigger on it. The stock price today is over 1200. Nice.

    Posted: 03 Jul 2020 04:15 PM PDT

    What's the difference between the exchanges and their returns?

    Posted: 02 Jul 2020 08:47 PM PDT

    I'm curious as to why the NYSE, Nasdaq, etc. consistently grow so much/have hit all time highs recently (pre-covid) but if you compare to foreign exchanges (FTSE, Nikkei, Shenzen stock exchange), that growth just doesn't exist. Their all time highs were 10, 20, or 30 years ago.

    What is the difference?

    What drives the growth of the U.S. exchanges and why isn't that present with some of those other exchanges?

    Is there just a different mindset about investing in those countries, or are businesses that bad?

    What are the chances of the U.S. exchanges going through an extended period of little to no growth like that?

    Everything I see and read is that the stock market long term is always positive but after looking at these other exchanges, you might lose money or make little to no money over the same time period. So does the saying, "time in the market, beats timing the market" actually hold any truth?

    I'd love to hear everyone's thoughts on this.

    submitted by /u/LosTresFrijoles
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    How do dividends work

    Posted: 03 Jul 2020 05:51 AM PDT

    I'm late to the whole investing thing but I had relatively good luck early and I'm now looking into trying to secure some passive income (I think that's the term?) with the way the market is I don't want to hang on to anything if I don't have to but I'm concerned about what happens if I'm receiving dividends in a stock then sell it, especially if I end up buying it back a week later

    I understand that if I own (for example) 4 shares of Home Depot and they pay like $1/share every time they release the dividends (I think THD is quarterly) I should get $4 dollars every quarter. My question is: if I own a stock that pays dividends for like 2 months then sell it, do I lose the dividend? Or do I get a prorated dividend based on the amount of time I had the shares? Also, does this vary by company and, if so, is there a way to find this for each company? Finally, what happens if I buy a stock that has dividends then sell it and buy it back a week later

    submitted by /u/theroguedrizzt
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    What stocks are you eyeballing for next week?

    Posted: 02 Jul 2020 09:30 PM PDT

    Chart patterns

    Posted: 03 Jul 2020 04:26 AM PDT

    New to this, trying to learn stuff before I invest my hard earned money. Rn I'm reading and learning some chart patterns. Do these really work? Do people depend on these to chose when to buy or sell? Thank you guys in advance!

    submitted by /u/Crazy_Gam3r
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    Thinking of selling MF to fund Dividend Portfolio

    Posted: 03 Jul 2020 03:18 AM PDT

    Hey there! So, I currently have an MF through TD bank which I've had for about 6 months now and I have other company holdings through a TFSA. I initially opened the MF because I was new to investing and I wanted to have my money growing in one place while I learn. I've been learning and I'm working towards building a dividend portfolio. My dilemma is that I will be leaving Canada for a year to do school and i wont be able to fund my MF anymore however, my other TFSA will still be growing and earning dividends. I'm thinking about selling my shares in the MF and using the left over to further fund my dividend portfolio with stocks and ETFs but I'm cautious of things like taxes, MER, etc. Any advice about this? What would be my best bet?

    submitted by /u/godroll_
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