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    Daily Advice Thread - All basic help or advice questions must be posted here. Investing

    August 05, 2020

    Daily Advice Thread - All basic help or advice questions must be posted here. Investing

    Daily Advice Thread - All basic help or advice questions must be posted here.

    Posted: 04 Aug 2020 05:10 AM PDT

    If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions. If you are going to ask how to invest you should include relevant information, such as the following:

    • How old are you?
    • Are you employed/making income? How much?
    • What are your objectives with this money? (buy a house? Retirement savings?)
    • What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
    • What are you current holdings? (Do you already have exposure to specific funds and sectors?)
    • Any other assets? House paid off? Cars? Expensive significant other?
    • What is your time horizon? Do you need this money next month? Next 20yrs?
    • Any big debts?
    • Any other relevant financial information will be useful to give you a proper answer.

    Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq

    Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions!

    submitted by /u/AutoModerator
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    NKLA tanks 16% after earnings call yields nothing

    Posted: 04 Aug 2020 04:16 PM PDT

    https://seekingalpha.com/news/3600508-nikolaminus-15-after-conference-call-light-on-details

    No revenue, no data, not even new 3d renderings

    The call came and went without a specific update on customers for the battery-powered electric truck due to be released in 2021 or a reveal of a manufacturing partner for the Badger pickup truck.

    The number of reservations for the Badger pickup truck also wasn't doled out

    submitted by /u/pikindaguy
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    Amazon’s bid to compete with Uber in U.K. approved. Amazon's $575M investment in Deliveroo for 16% stake has been approved by British regulators.

    Posted: 04 Aug 2020 09:50 AM PDT

    https://chainstoreage.com/amazons-bid-compete-uber-uk-approved

    British regulatory authorities have reportedly cleared Amazon's purchase of a minority stake in an online U.K. food delivery startup.

    According to CNBC, a $575 million Series G funding round in Deliveroo which Amazon initially led in May 2019 has received final approval from the U.K.'s Competition and Markets Authority (CMA). The CMA halted the investment in July 2019 and initiated a formal investigation of potential competitive conflicts in December 2019.

    Amazon will receive a 16% stake in Deliveroo, which has raised $1.53 billion to date. A corporate spokesperson told CNBC Deliveroo will use the new infusion of cash to "increase choice and value for customers, support for restaurants, and…offer more riders the flexible work they value as the company expands."

    Launched in 2013, Deliveroo competes in the U.K. with Uber Eats and other on-demand food delivery services. The company also operates in global markets including Australia, Belgium, France, Germany, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, Taiwan, United Arab Emirates, and Kuwait, as well as the U.K.

    In addition to providing on-demand online delivery for restaurants, Deliveroo offers services in certain markets such as delivery-only kitchens and consumer storefronts. In December 2019, it opened its first restaurant, in Hong Kong.

    submitted by /u/u87hi
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    [CNBC] Jim Cramer railed against what he saw was “clueless buying” on the market Tuesday - “Never underestimate the power of enthusiastic buyers who do not know what they’re doing"

    Posted: 04 Aug 2020 10:27 PM PDT

    https://www.cnbc.com/2020/08/04/jim-cramer-i-cant-take-how-stupidly-bullish-this-market-can-be.html

    Stocks on Wall Street ran higher Tuesday on "clueless buying," CNBC's Jim Cramer said after the market closed for the day.

    Some of the action drew scorn from the former hedge fund manager, who had some words for enthusiastic buyers that put money to play.

    "Last night, I told you not to overthink the run in the Covid stocks. Sometimes the market rallies and it makes perfect sense," the "Mad Money" host said. "Then there are days like today, when I can't take how stupidly bullish this market can be."

    U.S. equities traded higher as Wall Street continued to digest results from the current earnings season. About 70% of S&P 500 companies have reported quarterly results.

    The Dow Jones industrials added 164 points for a 0.62% gain at the close, finishing at 26,828.47. The S&P 500 advanced 0.36% to 3,306.51 and the Nasdaq Composite trekked 0.35% higher to another record close of 10,941.17.

    Cramer offered another takeaway from Tuesday's action: "Never underestimate the power of enthusiastic buyers who do not know what they're doing."

    He called out the misguided rush into oil producer BP and delayed appetite for biopharmaceutical products maker Sorrento Therapeutics, both of whose stocks rallied higher.

    "Sometimes the stock market roars and it makes perfect sense, but there's also plenty of stupidity, especially during earnings season when there's so much news that it's hard to keep track of what's going on," he said.

    Shares of BP, which reported quarterly results before the morning bell, surged more than 7% Tuesday and Cramer was perplexed. The energy giant, which raised its dividend by 2.4% before the coronavirus outbreak devolved into a pandemic earlier this year, cut its dividend in half after revealing that it lost $6.7 billion in the second quarter.

    The rally drew scorn from Cramer, who said it is vying for "dumbest action of the year" and noted that the stock made bigger gains on this quarter report than it did when the company announced that it raised its dividend in the first half of the year.

    "Not only are they telling you business is terrible, BP is trying to distance itself from crude while preserving cash, but maybe that dividend hike was a mistake," the host said. Tuesday's rally was a "bigger gain than they got in February when they told you business was great and they raised the dividend."

    As for Sorrento, Cramer noted that he recommended the stock was a buy when it was at $8 a number of weeks ago. When the company announced last Wednesday a new saliva-based Covid-19 test that yields within half an hour, the stock price rose 3%.

    On Tuesday, however, Sorrento shares jumped 31% to a new closing high of $12.84.

    "Turns out the market was just stupid because today, on the exact same news ... Sorrento rallied 31% to just under $13. The stock market's supposed to be efficient, but somehow it took Wall Street six days to process this news."

    submitted by /u/u87hi
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    Berkshire Hathaway buys Avid (a 3D printing company) and another 13.5 million shares of Bank of America

    Posted: 04 Aug 2020 08:10 PM PDT

    Avid was acquired by Lubrizol (a large Berkshire subsidiary that specializes in industrial chemistry)

    In an SEC disclosure tonight, Berkshire revealed another big purchase of Bank of America common stock. Over the past few weeks, Berkshire has spent $2 billion buying BAC, bringing its ownership stake in the bank to almost 12%

    Do you care? If so, get the details at r/BerkshireHathaway

    submitted by /u/100_PERCENT_BRKB
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    Square Revenue Surges 64%, (SQ) is currently up 10% after hours

    Posted: 04 Aug 2020 06:14 PM PDT

    (Bloomberg) -- Square Inc. second-quarter sales jumped 64% on increased online business activity and a surge in the number of people using the company's peer-to-peer payment app.

    The San Francisco-based company said net revenue in the period ending June 30 was $1.92 billion, compared with $1.17 billion a year earlier. It lost 3 cents per share in the quarter.

    Square released the results a day ahead of schedule after Bloomberg News reported the revenue surge earlier on Tuesday. The stock jumped about 11% in extended trading.

    The pandemic, and the accompanying economic downturn, have hurt small businesses that rely on Square's payments tools. However, millions of people have started using the company's Cash App to send and receive money, and some some businesses have moved online to survive.

    Gross payment volume, a metric that tracks how much Square processes in total transactions, improved each month in the quarter, "driven primarily by sellers resuming operations as COVID-19–related restrictions eased," the company wrote in a release. While total GPV fell 15%, the amount generated by online transactions was up more than 50% from the same quarter a year ago.

    The Cash App saw a spike in new users in April as people signed up to receive government aid. By June, the service had more than 30 million "monthly transacting active customers," up from 24 million in December, Square said.

    This part of the business generated $1.2 billion in second-quarter revenue, up 361% from a year earlier, the company reported.

    ​

    https://finance.yahoo.com/news/square-revenue-surges-64-second-230705240.html

    submitted by /u/fairytailzz
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    Livongo merger deal with Teladoc

    Posted: 05 Aug 2020 03:40 AM PDT

    Disney earnings summary

    Posted: 04 Aug 2020 02:16 PM PDT

    $DIS | #Disney Q2 20 Earnings:

    • Revenue: $11.78B (exp $12.39B) (previous year $20.35B)

    • Adj EPS: +$0.08 (exp -$0.63). GAAP EPS of -$2.61 (about a $4.72 bn loss) - thanks /u/CapitalGains

    • Media networks Revenue: $6.6B (exp $6.38B)

    • Disney+ Subscribers: 57.5 mil (exp 59.4 mil) at quarter end. 60.5 mil currently, as of yesterday.

    • ESPN 8.5 mil, up >100 % y/y from 2.4 in 2019

    • Hulu 35.5 mil, up 27% y/y from 27.9 in 2019

    • Still made 983 million from the Parks, Experiences and Products department

    • $454M in free cash flow at quarter end. 23B in cash and cash equivalents.

    • In total, estimates "the net adverse impact of COVID-19 on our current quarter 2 segment operating income across all of our businesses was approximately $2.9 billion, inclusive of the impact at Parks, Experiences and Products."

    Highlights from the call:

    • Disney introduces a new streaming platform, Star, that's like Hulu but for other countries. Chose Star brand over Hulu because of the Star brand's international recognition. Star will not route third-party content like Hulu does but will route Disney-owned content (ABC, 20th century, etc) not published on Disney+.

    • Star is expected to drive adoption of Disney+ in other countries.

    • Live-action Mulan will be released on D+ on 9/4 as a pay-per-view for $29.99. Will also be released theatrically in markets where theaters are viable. I would expect this to be combined with the Disney native "Netflix Party" feature that was previously announced to be in development so that families can still watch the movie "together".

    • Reopened Disney parks are profitable even at reduced capacity. Disney Shanghai has been consistently profitable. Disney World is less profitable than expected, blamed on Florida coronavirus outbreak, but still profitable. Execs previously said they would not reopen unless they thought they could be profitable and delivered.

    • Attendance at Disney World is 50% locals and 50% out-of-state. Chapek says Disney World will be "in good shape" when consumer confidence returns. Execs say they're seeing pent up demand.

    • Expects a 1 billion cost to ramp up media production in a way that is safe for workers, including coronavirus tests etc.

    • Bringing Hotstar (Indian version of Hulu with content like new Bollywood films) to Indonesia and other markets.

    • Recognizes that one of the biggest drivers of user acquisition for streaming is new content and plans to invest big into this area.

    submitted by /u/visvya
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    Which investment is better for short term profits?

    Posted: 05 Aug 2020 04:40 AM PDT

    Hi there. I just started to scrap the index funds, Roth ira universe. I'm rather confused and overwhelmed with the information. For what I see most of these investments are aimed to be used as a retirement fund. Therefore, if you withdraw any money earlier you either can't or you lose some of the profit. In my case I'm looking for a 10 year time frame or less where I can use the money towards other investments (real estate and so on) in this case where should I be looking? What's the best bet for shorter timeframes? Thank you in advance if you can comment . I know I need to do a lot more reading on the subject but I hope to find some important advice here.

    submitted by /u/heyrevoir
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    Kodak Loan Disclosure and Stock Surge Under SEC Investigation

    Posted: 04 Aug 2020 10:27 AM PDT

    https://www.wsj.com/articles/kodak-loan-disclosure-and-stock-surge-under-sec-investigation-11596559126

    The SEC's investigation is at an early stage and might not produce allegations of wrongdoing by the company or any individuals, the people said. Among the areas being probed by regulators: how Kodak controlled disclosure of the loan, which began to emerge on July 27, one day before the official announcement, causing Kodak's stock price to rise 25% that day.

    submitted by /u/StuGats
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    401k/Roth IRA/Stocks and most efficient long term plan.

    Posted: 04 Aug 2020 09:21 PM PDT

    Okay, so 401k contribution each year is just under the max at 19k. Up until recently that was the only avenue my wife and I were using. I have gotten into stocks and have started investing in those. I enjoy it and have been doing well (just as any idiot would be, since March).

    My question is, would it be better to max the 401k, then start maxing a Roth IRA with say 50/25/25 VOO/VTI/VGT or whatever ETF's would be best, and then start investing in some stocks with any money leftover?

    More simply, right now it's: 401k, stocks. Is 401k, Roth IRA, then stocks the smarter play?

    Thanks.

    submitted by /u/Lincsub4
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    What's the catch with IBKR? As a European it seems like I'm in brokerage heaven after dealing with feature-limited local online brokers.

    Posted: 05 Aug 2020 02:02 AM PDT

    Based in a European country i just started using Interactive Brokers and it seems to have everything one could ask: quality executions (incl. after hours!), sophisticated multi-leg orders, long/short on stocks, currency conversions at market prices (huge vs banks), etc.

    So what's the catch? I'm considering transferring all my trading to IBRK.

    submitted by /u/titus65
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    ARK funds

    Posted: 04 Aug 2020 10:52 PM PDT

    Hello,

    I was reviewing the performance of the ARK family funds earlier.

    ARKF ARKF ARKK ARKQ ARKW

    They really crushed it over the last 3 years. Even won some etf awards.

    I have 2 questions hoping the pros here can help with

    1)is there a way to see how they would have performed if Tesla wasn't their biggest holding?

    2)do you still like them long term. Do they still have attractive holdings?

    🙏🏾

    submitted by /u/iggy555
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    Good platforms for US markets in UK

    Posted: 04 Aug 2020 06:38 AM PDT

    Can anyone reccomend a platform that I can use in the UK which allows

    ​

    1. Fast (within a few minutes) trades on US markets (in particular NASDAQ)
    2. Offers a very wide range of stocks - including small-cap companies.
    3. Depositing in dollars so as to avoid nasty exchange rates (losing >1% twice really sucks).

    ​

    I use eToro, and the trades are immediate but the range of available stocks is quite small. Most smallers companies aren't available. I've wanted to check out loads of small companies and maybe 1 or 2 out of around 100 I checked were not available. So it fails only number 2.

    I have also used Halifax Share Dealing but it fails on all 3 counts - I stopped using it. Trades take 1 day or more, better range than eToro but still poor, and only GBP can be held, so I lose a good 2.5% by exchanging on the platform.

    submitted by /u/DavyKer
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    TQQQ trading 4-4.5x QQQ

    Posted: 04 Aug 2020 07:56 AM PDT

    Follow these two stocks pretty closely, and this is one of the first times I've seen TQQQ trading at ~4-4.5x QQQ today, so far pretty consistently.

    What's the reason for this? Is there an arb opportunity or is this some strange effect of rebalancing dates (that's all I can think of).

    submitted by /u/ThomasGullen
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    What is up with AMD

    Posted: 04 Aug 2020 09:58 AM PDT

    Hey guys, I bought some AMD shares averaged at 52$, and while I had some pretty good gains from this run, I'm thinking it is getting a little suspicious and I should bail maybe comeback later when it cools down. Is that a decent strategy or should I should just hold until something drastic changes in the core business. When does one decides it's time to sell in a case like this?

    submitted by /u/trexman371
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    EUR USD Technical Analysis 5 August 2020

    Posted: 05 Aug 2020 02:02 AM PDT

    EUR USD Technical Analysis: The EUR rose 0.35% against the USD on Tuesday and closed at 1.1802. Today in the Asian session, while EUR USD technical Analysis 5 August 2020 is preparing at 5:15 GMT, the pair is trading at 1.1826, which is 0.20% higher from yesterday's closed.

    The pair is expected to find support at 1.1775 and a fall through could take it to the next support level of 1.1745. The pair is expected to find its first resistance at 1.1830, and a rise through could take it to the next resistance level of 1.1860. Today's expected trading range is between 1.1700 support and 1.1900 resistance.

    The expected trend for today is Bullish

    Important support levels:

    Support 1: 1.1775

    Support 2: 1.1745

    Support 3: 1.1700

    ​

    Important Important resistance levels:

    Resistance 1: 1.1830

    Resistance 2: 1.1860

    Resistance 3: 1.1900

    EUR/USD buying opportunity for intraday trading on August 5, 2020

    Buy near the support zones 1.1775 and 1.1745 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.

    EUR/USD selling opportunity for intraday trading on August 5, 2020

    Sell near the resistance zones 1.1830 and 1.1860 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.

    Economic events to watch for the next 24 hours: Markit Composite PMI (EUR), Markit/CIPS Services PMI (GBP), Retail Sales m/m (EUR), ADP Nonfarm Employment Change (USD) Trade Balance (USD), ISM Non-Manufacturing PMI (USD), EIA Crude Oil Stocks Change (USD)

    submitted by /u/easytradingtips
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    Altria (MO) - 2Q20 Earnings Analysis

    Posted: 04 Aug 2020 02:48 PM PDT

    Here is my analysis of Altria's 2Q20 earnings

    This is a follow up to the deep dive I did a month ago, which you can see here

    submitted by /u/penguino_fabulous
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    Does Airbus have options?

    Posted: 05 Aug 2020 04:57 AM PDT

    Airbus price has still been pretty low. With US-China relations going doomed, there will be many new orders for Airbus from China once the vaccines helped solve the pandemic. I am considering buying some long-term options but I didn't see any? Is there no options for the stock or it's just my broker?

    submitted by /u/zviwkls
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    Oil is on rockets right now.

    Posted: 05 Aug 2020 04:55 AM PDT

    https://i.imgur.com/kpVpu2P.png

    Don't miss out your opportunity.

    It was stuck on 40's for a long time, but it looks to be heading into 45 range and back to the good old days of +10% moves.

    ​

    Lets get rich together.

    submitted by /u/automax
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    Looking for some information on Covered calls

    Posted: 04 Aug 2020 08:19 AM PDT

    Hello! Was gonna post this in WSB but I figured you guys are like them but profitable, I own 100 shares of a stock I really believe in and am wondering if it would be worth it for me to start selling covered calls to collect some steady premiums. I have little to no strategy plan so I am wondering if anyone here has any advice they'd be willing to give me. Any and all is appreciated. My knowledge is low on this particular subject so even 'basics' will be appreciated. Thank you!

    submitted by /u/Justcorn34
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    What is the best way to hedge against inflation of the USD?

    Posted: 05 Aug 2020 02:09 AM PDT

    I'm hoping someone here can tell me the best way to hedge against the very real possiblity of USD inflation given infinite QE paradigm we are in and JPow ready to print trillions more dollars.

    I'm thinking Euros and Swiss Francs. Also got some Gold and Silver, but those things will sell off hard if a correction (or crash) happens in order for investors to cover margin calls.

    Would like some specifics (e g. comapnies/foreign banks that will let me open an account and transfer money into other currencies with minimal fees). I know I can go open a forex account, but I dont wanna pay taxes on any gains from simply trying to keep cash safe and its value stable.

    Can some more experienced investors please shed some light on this.

    P.S. I dont buy the narrative that we are in a deflationary period. Whether that is true or not, a devaluation of the dollar is creeping steadily upon the horizons IMO. I'm simply asking the best way to take up positions in stable currency/asset without getting boned by any capital gains tax or bogus fees/spreads on the spot price.

    submitted by /u/CurrentPrice5
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    What's up with LVGO? Why is it up 500% when it doesn't really offer anything, what is driving it's growth?

    Posted: 04 Aug 2020 07:56 AM PDT

    I've been following LVGO and they hit a very rough patch last fall. They looked to be on the common death trough of digital health startups. They don't really have a solid offering out. So what made them turn around and grow 500% in the months following winter?

    Is there some sort of general win for all new tech health companies because of corona?

    submitted by /u/cincopea
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    Stock Trading Algorithm

    Posted: 05 Aug 2020 01:43 AM PDT

    Hi all,

    I'd like to post some of the stocks/trades my algorithm spits out and thought it would be more interesting to set aside a small amount of money—maybe $1000-2000, to trade in real time. Reason being it spits out too many trades in a day for me to actually use. The goal would be to double the account in as short a time as possible using the secondary options provided by the algorithm.

    Is such a thing allowed? I can delete the post if the mods aren't happy with it.

    Cheers.

    submitted by /u/wjm2018
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