• Breaking News

    Friday, August 7, 2020

    Stock Market - Wall Street Week Ahead for the trading week beginning August 10th, 2020

    Stock Market - Wall Street Week Ahead for the trading week beginning August 10th, 2020


    Wall Street Week Ahead for the trading week beginning August 10th, 2020

    Posted: 07 Aug 2020 02:36 PM PDT

    Good Friday evening 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 August 10th, 2020.

    Markets could be challenged by Washington stimulus talks and China tensions - (Source)


    The debate in Washington over the next round of fiscal stimulus and rising tensions between the White House and China could act as brakes on the stock market in the coming week.


    Stocks rallied in the past week but were more sluggish Friday, as investors watched stimulus talks between Democrats and the Trump administration stall out. Investors also were concerned that President Donald Trump's executive order banning U.S. transactions with Tencent's We Chat and Bytedance's Tik Tok would accelerate the deterioration of relations between the U.S. and China and draw retribution.


    Just ahead of Friday's market close, Treasury Secretary Steven Mnuchin said just that he is recommending the White House move forward with executive orders on unemployment, student loans and rental foreclosures. He said a compromise could not be reached with Democrats, who wanted a $2 trillion package. Stocks edged higher after the announcement though details of the orders and how any assistance could be funded were unclear.


    "It's an attempt to bring the Democrats back to the table to negotiate a deal by threatening to use an executive order. They may be able to get some things down, but it won't be enough to create the bridge they need while the economy continues to repair itself," said Michael Arone, chief investment strategist at State Street Global Advisors.


    The S&P 500 was up 2.4% for the week, ending at 3,351, after a 2 point gain Friday. The Nasdaq was down 0.9% Friday, ending at 11,010. It was up 2.5% for the week.


    "Part of the reason stocks have held in there well and continue to melt up is that one of the things that is priced in is a fifth fiscal policy package of $1.5 trillion. if we don't get one, I do think the market will retrace lower to reflect a lack of stimulus," said Arone. "The recovery will stall out without one."


    As for China, it has so far not taken actions against U.S. companies, even with the Trump administration's moves to block Chinese telecom giant Huawei from using U.S. parts. The latest steps, however, raised concerns that China could find ways to retaliate, and that the U.S. will bar Chinese IPOs.


    "On balance, continued hostility toward China is going to be a continued net negative for U.S. companies that are revenue exposed to China," said Julian Emanuel, head of equities and derivatives strategy at BTIG. "We know the exposure is very centered in the Nasdaq names."


    Emanuel said the stock market is entering a seasonally weak time, and while market psychology is still strong it could start to change. "The seasonals are starting to shift negatively. We all know September is a poor month and the degree of the escalation of the tensions between the U.S. in China is not a surprise, but the degree of the escalation over the last 48 hours is," he said. "It's not changing psychology, but it's challenging bullish psychology."


    In the coming week, there are some final earnings of the season, including technology company Cisco and food company Sysco. Some travel companies including Royal Caribbean report, as does consumer goods company Tapestry. In the week after, big retailers roll out their reports in the final earnings burst of the quarter.


    Economic reports could be important in the coming week, as investors watch consumer price index inflation data Wednesday and retail sales Friday. Retail sales should provide a window into the consumer, as workers returned to their jobs but also faced uncertainty because of reclosings.


    CPI is important as the market has been assuming inflation will ultimately start to show gains because of the weakening dollar and ballooning budget deficits. CPI last month showed a 0.6% increase month over month.


    The pro-inflation trade has become important and has driven investors into stocks, gold, and out of the dollar.


    Watch this trade

    The dollar could be the key to the fate of markets in the coming week. The U.S. currency was edging higher Friday but is still down about 3.5% over the past four weeks. Gold declined Friday, and Treasury yields moved lower.


    "The dollar ... to me it just continues to be an important barometer that has a unique intersection of rates, inflation and risk assets," said Arone. "With rising China, U.S. tensions and combined with the fact that there's uncertainty about the fiscal policy package and the fact the dollar has declined so quickly, many are expecting it to catch a bid here and rebound."


    Part of the move in the dollar was based on the idea that huge government spending would increase the government's deficit and Treasury issuance. Emanuel said the news on stimulus could have a big impact on the trade.


    "We would make the argument the baseline expectation was a trillion dollars worth of stimulus to be implemented sometime in the month of August. Anything below that expectation is likely to cause the dollar to strengthen," said Emanuel. "It's a momentum and positioning trade as well as what has been ... the unwind of an asset diversification trade."


    The stalling of talks could shift the market's view that the U.S. is willing to spend any amount to fight the impact of the coronavirus. "It's changing the market psychology that the government's propensity to spend infinitely is not as great as it was earlier in the week,," Emanuel said. "The dollar rallying, from our perspective, is a direct threat to a lot of these momentum trades."


    Strategists said a strengthening dollar could be a headwind for stocks.


    "Given the friction with China, to the extent the inflation numbers come in weaker than expected, the argument being that whole weaker dollar asset diversification has helped feed into increasing inflation expectations," said Emanuel. "If the inflation data does surprise to the downside, given the rally in inflation ...it's further potential for the unwinding of the short dollar trade and the unwinding of the long gold trade which in our view bleeds over into stocks."


    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 Friday's close:

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

    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!)

    Friday's Stock Analyst Upgrades & Downgrades:

    (CLICK HERE FOR THE CHART LINK #1!)
    (CLICK HERE FOR THE CHART LINK #2!)
    (CLICK HERE FOR THE CHART LINK #3!)

    Individual Investors Still Don't Believe

    As mentioned in a prior post, in the past week the S&P 500 has moved within 2% of its 2/19 high, but at the same time, less than a quarter of AAII respondents are optimistic for the future of stocks over the next six months. That begs the question- if there have been past times that sentiment and price action have been so detached from one another. Since the start of the AAII survey in 1987, there have been 10 periods (including the current one) in which the S&P 500 was within 2% of an all-time high but bullish sentiment was less than 25% without another occurrence in the prior three months. The most recent prior occurrence was not even a full year ago. Back in October, sentiment was only slightly higher as the S&P 500 was 1.84% from its all-time high. Prior to that, there were some scattered instances throughout 2013, 2015, and 2016 but before that, you would have to go back to 1993 to find another similar period. The one occurrence in 2013 stands out as it was both the lowest sentiment reading of these prior occurrences and the only one that occurred with the S&P 500 right at an all-time high.

    As for where things stand after such instances, sentiment has tended to reverse higher in the following six months as the S&P 500 has tended to move higher. The S&P 500 has actually tended towards better than average returns over the next three months, although performance six months out has been modestly worse than average, even as it has been higher more often than not. Additionally, as shown in the second chart below, of the more recent occurrences of the past decade, they haven't marked any major top or bottom for the S&P 500 with occurrences clustered both coming off of lows and in the middle of longer-term uptrends.

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

    Silver Takes the Gold

    Gold and silver prices were already on a tear heading into this week, but they've only seen their gains accelerate even more. With more than a day and a half of trading left in the week, front-month gold futures have rallied, but silver has been the real show stopper with a gain of 16%!

    Taking a look at a one-year chart of silver over the last year, things have really gone parabolic this week as the front-month futures contract is trading more than 40% above its 50-day moving average (DMA) and 62% above its 200-DMA.

    (CLICK HERE FOR THE CHART!)

    Were it not for the move in silver, gold's move would be getting all the attention. Prices for gold have also seen a major surge in the last month, rising from under $1,800 to the current level of $2,060 per ounce. While not as extended as silver, gold currently trades 14% above its 50-DMA and 26% above its 200-DMA.

    (CLICK HERE FOR THE CHART!)

    With gold 25.7% above its 200-DMA and silver 62.2% above, the average spread of the two commodities currently stands at 44.3%. In the 40+ year history of the two futures contracts, there have only been a handful of prior periods where the average spread of the two commodities was larger or even above 35% for that matter with the most recent occurring back in early 2011. This recent rally in the two commodities has certainly been one for the ages.

    (CLICK HERE FOR THE CHART!)

    Big Moves Off 52-Week Lows

    Within the US equity market, we've seen some major moves in individual stocks off their 52-week lows over the last few months. Look at the table below. Within the Russell 1000, which tracks the performance of the largest companies in the US, stocks in the index are up an average of 87.6% from their respective 52-week lows. Looking at performance by individual sectors, stocks in the Energy sector are up an average of 136.8%, while the average Consumer Discretionary stock has rallied 131.4%. The Technology sector wasn't hit nearly as hard by the Covid-crash as other sectors, but stocks in the sector have doubled on an average basis relative to their 52-week lows. The only sector where stocks are up less than 50% on an average basis from their 52-week lows is Utilities at 46.33%.

    (CLICK HERE FOR THE CHART!)

    For many investors, the holy grail of stock picking is the proverbial ten-bagger. A ten-bagger is a stock that multiplies by ten times its original price. Usually, this happens over the span of years, but in the Covid-economy, we've actually seen a number of these ten-baggers play out in the span of months. While most of these examples are in the small-cap space, shares of Wayfair (W), which has a current market cap of $27.5 billion, have rallied from $21.70 on March 19th to its current price of $290.85 now. That's a gain of more than 1,200% in less than five months!

    Within the entire Russell 1,000, 257 stocks have at least doubled off their 52-week lows, and in the table below we highlight the 34 stocks that are at least a quarter of the way to the ten-bagger club and have rallied more than 250%. As mentioned above, W tops the list, but Fastly (FSLY), which has barely been public for a year, is just shy of the club with a gain of 992%. Behind FSLY, Livongo Health (LVGO) is up 855%. Given that LVGO just got a takeover offer from Teladoc (TDOC), the 11th best-performing stock on the list, it may only make the ten-bagger club under the banner of the TDOC ticker.

    In looking through the list of stocks shown, many of these names come from the Health Care, Technology, and Consumer Discretionary sectors and have been direct beneficiaries of the new Covid-economy. At the same time, six stocks from the Energy sector made the list as well as they recovered from their bombed-out levels after oil prices briefly traded in negative territory earlier this year.

    (CLICK HERE FOR THE CHART!)

    Bullish Earnings Season So Far

    At our Earnings Explorer tool available to clients on our website, we provide a real-time look at beat rates for both EPS and sales. Below is a snapshot from the website showing both the EPS and sales beat rates for US companies reporting earnings on a rolling 3-month basis. Currently, 64.61% of companies have exceeded consensus analyst EPS estimates over the last three months, while 63.75% of companies have beaten consensus sales estimates over the same time frame.

    In looking at the chart, you can see a big spike in the EPS beat rate over the last few weeks. Since earnings season began on July 13th, nearly 80% of companies have posted stronger than expected EPS numbers. That's a huge beat rate and suggests that analysts were too bearish on Q2 numbers heading into July. The revenue beat rate held up much better than EPS beats throughout the first half of 2020, but it too is on the upswing this season.

    (CLICK HERE FOR THE CHART!)

    We also monitor how share prices are reacting to earnings reports. So far this earnings season, the average stock that has reported Q2 numbers has gained 1.31% on its earnings reaction day. That compares to a historical average one-day change of just 0.06% on earnings reaction days. As shown below, stocks that have beaten EPS estimates this season have gained 2.2% on earnings reaction days, while companies that have missed EPS estimates have fallen 1.89%. It's rare to see beats gaining more than misses decline, but that's what is happening this season.

    (CLICK HERE FOR THE CHART!)

    Labor Market Continues Summer Momentum

    After falling the most on record in April, the US labor market has rebounded with three consecutive months of job gains, adding back more than 9 million of the 22 million jobs lost in March and April. In July, the economy added back nearly 1.8 million jobs, ahead of Bloomberg consensus estimates for 1.5 million and lowering the unemployment rate from 11.1% to 10.2%, but lingering measurement issues could add 1% to that number, according to the Bureau of Labor Statistics.

    As shown in the LPL Chart of the Day, job gains were broad based across industries, with a third of the increase coming from the leisure and hospitality sector—the "scene of the accident" industries—while only information, and mining and logging posted declines in July.

    (CLICK HERE FOR THE CHART!)

    "March and April were historically brutal months for the labor market, but the labor market's resiliency this summer has been a welcome development," stated LPL Chief Investment Officer Burt White. "However, the next few months will be critical for the economy as schools reopen and additional fiscal stimulus still hangs in the balance."

    The July report also comes on the heels of a rise in COVID-19 cases across the Sunbelt region of the United States. Because of the date of the survey, it may not fully reflect the economic impact of some of the more recent high-frequency data that has captured some of the effect of rising cases. Still, the jobs report shows that the US economy is continuing to heal despite the long road ahead.


    Are Recessions Good For Stocks?

    This isn't like any recession we've ever seen, as it was sparked by a horrible pandemic and happened because people were told to stay inside. The impact was the worst contraction in gross domestic product (GDP) last quarter that anyone who is reading this has ever seen. But what is quite surprising is the fact the Nasdaq has made 30 all-time highs so far in 2020, while the S&P 500 Index has gained four consecutive months, all while the unemployment rate remains above 10%.

    Why is this happening? There are two main schools of thought. One is that stocks are forecasting a better economy later this year and into 2021; remember, stocks tend to lead the economy and could be doing so once again. Another school of thought is that the massive fiscal and monetary policy are boosting equity prices, while not helping the overall economy quite as much.

    Here's the catch. It actually isn't abnormal to see stocks gain during a recession. "This is one that might surprise many people, but stocks have actually gained during 7 of the past 12 recessions," explained LPL Financial Chief Market Strategist Ryan Detrick. "There's no question the difference between what is happening on Wall Street compared with Main Street is about as wide as we've ever seen, but maybe it shouldn't be as big of a surprise that stocks have been strong."

    As shown in the LPL Chart of the Day, the S&P 500 actually gained 1.3% on average when looking at the 12 previous recessions going back to World War II, with a very impressive median advance of 5.7% (the average is skewed lower due to 2008). We continue to expect this recession to end soon, if it isn't over already. In fact, when the end of the recession is officially declared at a later date, we could have yet another recession that saw stock market gains.

    (CLICK HERE FOR THE CHART!)

    STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending August 7th, 2020

    (CLICK HERE FOR THE YOUTUBE VIDEO!)

    STOCK MARKET VIDEO: ShadowTrader Video Weekly 8.9.20

    ([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-


    • T.B.A. THIS WEEKEND

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

    (T.B.A. THIS WEEKEND)

    ([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!]())

    (T.B.A. THIS WEEKEND)

    (CLICK HERE FOR MOST NOTABLE EARNINGS RELEASES FOR MONDAY, AUGUST 10TH, 2020!)

    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 8.10.20 Before Market Open:

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

    Monday 8.10.20 After Market Close:

    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Tuesday 8.11.20 Before Market Open:

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

    Tuesday 8.11.20 After Market Close:

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

    Wednesday 8.12.20 Before Market Open:

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

    Wednesday 8.12.20 After Market Close:

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

    Thursday 8.13.20 Before Market Open:

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

    Thursday 8.13.20 After Market Close:

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

    Friday 8.14.20 Before Market Open:

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

    Friday 8.14.20 After Market Close:

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

    (NONE)


    T.B.A. THIS WEEKEND

    T.B.A. THIS WEEKEND 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 weekend and a great trading week ahead r/StockMarket.

    submitted by /u/bigbear0083
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    RIP Robintrack: Robinhood restricting access to its API and pulling holdings data from its website

    Posted: 07 Aug 2020 05:57 PM PDT

    Looks like Robinhood sold out. According to this they will no longer show how many users are holding a stock and will be restricting access to the API. Looks like no more tracking for Robintrack...RIP

    How do you guys think this will affect the "meme stocks" we've seen massive runs in recently? I'm wondering if we will see these types of idiotic squeezes slow down.

    Source: https://twitter.com/Kr00ney/status/1291873556683534342

    submitted by /u/ghostofgbt
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    Tecent (TCEHY stocks is bleeding lost $42B market cap today) ...

    Posted: 07 Aug 2020 09:22 AM PDT

    TCEHY stock tumbled -6.8% today from before. WeChat , a social media platform is owned by Tencent ($67.65 -$4.92) a social media and text service for over 1 billon users a month can be banned. Its Wechat money is often used for fund transfer can be affected in North America.

    Trump issued executive orders Thursday night banning "transactions" with the Chinese owners of the TikTok and WeChat apps starting Sept. 20.

    submitted by /u/Vast_Cricket
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    What stocks are on your radar for next week?

    Posted: 07 Aug 2020 12:22 AM PDT

    What to consider if I plan to buy and hold APPL for over the next decade?

    Posted: 07 Aug 2020 06:40 AM PDT

    What I mean is, what is the suggested action to take? I invest with Vanguard, so after 25 trades, it'll be $7 a trade. Should I accumulate a few thousand before making purchases of APPL each time to limit that fee?

    Right now I own about 135 shares of APPL. I plan to hold the stock and more for the next decade. Is there anything I should know about, such as any time I should sell and repurchase? Or should I just continue buying and hold steady, never selling?

    submitted by /u/IntermittentEater
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    How come this BIGC insider could sell their shares at 22.32 on Aug 7, when its day low is 78.21?

    Posted: 07 Aug 2020 07:25 PM PDT

    Here's the SEC filing for this transaction:

    https://www.sec.gov/Archives/edgar/data/1626450/000089924320021810/xslF345X03/doc4.xml

    BIGC never traded that low on Aug 7.

    Someone enlighten me please!!!

    submitted by /u/kenny8254
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    When to sell?

    Posted: 07 Aug 2020 08:07 AM PDT

    My PENN stock is up 180% and I dont know what to do.

    I wanted to hold all my stocks 1 year for capital gains to pay less. Ideally I want to wait til this time next year for better earnings and hopefully vaccine has been out.

    Im fine taking 180% profit this time next year assuming it doesnt slump back down and stay down.

    submitted by /u/LanceX2
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    Document Security Systems & Impact Biomedical, the Acquisition that no one is Talking About

    Posted: 07 Aug 2020 07:39 AM PDT

    On March 12th, Document Security Systems (DSS) announced that it entered into a binding term sheet to acquire Impact Biomedical. Impact Biomedical is a 100% owned subsidiary of Singapore eDevelopment Limited (SeD), which was recently valued at 1.39 Billion. SeD announced it has obtained shareholders' approval on June 26, 2020 for the proposed Transaction. The completion of the proposed Transaction is now conditional only upon the approval of the shareholders of DSS, which is scheduled to convene on August 10, 2020 to vote on the acquisition. The proposed bonus being, for every one DSS share held, the shareholder will be entitled to a bonus of two Impact shares. Following that, Impact is to pursue an initial public offering.

    Why is This Acquisition an investment opportunity?

    Impact biomedical has multiple technologies and intellectual properties that have received global recognition, including: 3F Biofragrance, Equivir, & Linebacker.

    On June 25th, Impact Biomedical announced proven in vitro success with Equivir and 3F Biofragrance against COVID-19. Equivir proved successful as a treatment, as well as a prophylactic protecting the cells from infection by the virus. 3F Biofragrance proved successful as a surface disinfectant, killing the virus in concentrations as low as 1/5000 after 15 seconds. Equivir and Linebacker also caused transformational change in the host ACE-2 receptor, interfering with the virus' ability to interact and infect the host cell. The binding affinity of components of 3F Biofragrance were also observed during molecular docking.

    The research is part of a program conducted by GRDG to adhere to the principles and initiatives established by Project Bioshield and the Biomedical Advanced Research and Development Authority (BARDA) directives from the U.S. Department of Health and Human Services (HHS). GRDG is advised by Lieutenant Colonel William H. Lyerly Jr., retired U.S. Army Medical Service Corps Officer, and retired Career Senior Executive / Scientific Professional at the U.S. Department of Homeland Security. Lieutenant Colonel Lyerly also served as senior official in the U.S. Department of Health and Human Services, the U.S. Agency for International Development, and U.S. Executive Office of the President (White House). Lieutenant Colonel Lyerly states, "the importance of technologies such as Linebacker and Equivir cannot be understated as the global spread of the virus continues to accelerate".

    On August 4th, the Denver Broncos unveil new sanitizing misting booth that sprays players with a non-toxic disinfectant used against viruses like E.Coli and coronavirus. The compound sounds nearly identical to Impacts 3F Biofragrance that was successful against COVID19.

    The Charts

    During premarket on July 9th, the first COVID19 related Impact Biomedical PR announcement was released under Document Security Systems. DSS's share price nearly doubled, providing current shareholders an opportunity to make a substantial swing trade return.

    I am currently long on DSS. The share price recently broke above the 200 SMA & IMO there will be additional swing return opportunities in the coming months. Targets are $10, $15, and $26.

    submitted by /u/BPBT2020
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    Riocan ( rei.un) at this price is a steal and opportunity of a life time. Back of a napkin calculation

    Posted: 07 Aug 2020 04:21 PM PDT

    This is back of napkin calculation with lots of assumption

    Riocan has 900k sq/ft of rental residentials under development

    7100k sq/ft approved zoning for rental residential

    5000k sq/ft zoning application for rental residential

    Total : 1300k sq/ft of rental residential on top of my head around 70% in GTA

    Assuming a $3.5 rent per sq/ft per month puts it at

    135.6 million dollar residential rent per quarter

    Let's round it down to 100 million

    Car.un is a Canadian residential REIT, last Q generated 209 million in rents trading at 8.7 billion market cap

    That would put future value of residential rental segment of riocan at 4.4 billion dollar market cap or roughly $15 per share !!

    I dont know about you, but collecting 10% dividend while waiting for residential units to come online one by one in the next many years isn't a bad idea

    submitted by /u/PayMe4TradeIdeas
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    Chinese EV maker X Peng files for IPO with NYSE "XPEC " around $20

    Posted: 07 Aug 2020 07:19 PM PDT

    Chinese electric-vehicle maker X Peng Inc. xpeng has filed for an initial public offering, seeking to sell $100 million worth of American depositary shares, although that number is often a placeholder used to calculate fees. The company seeks to trade on the New York Stock Exchange under the symbol XPEV. It hopes to raise $1.9 billion dollars. Recently Li Auto's ADS, which soared 50% on their first day of trading, is trading at $17.20.

    submitted by /u/Vast_Cricket
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    Mint vs Fidelity

    Posted: 07 Aug 2020 03:17 PM PDT

    I made a mint account years ago and put a couple hundred bucks in here and there just for the hell of it over the years. There's still not a lot of money in it now but I just checked and I've made 50% profit in the past 5 years with the individual stocks i've picked out. I also created a Fidelity account to be more serious with investing and was wondering what I should do with the mint one. Anyone have any good suggestion?

    submitted by /u/greenghostt
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    If holding long term, is TQQQ a better option than QQQ?

    Posted: 07 Aug 2020 09:38 AM PDT

    TQQQ is a 3x leveraged index that reflects QQQ but 3x as much (profit or loss).

    I have read that TQQQ is taxed heavier though and in the long run, leveraged ETFs always decay.

    But I dont see how since TQQQ has grown 544% over 5 years, compared to 145% for QQQ.

    submitted by /u/cheechuu
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    My theory of market crash

    Posted: 07 Aug 2020 10:46 AM PDT

    So ever since the market crashed in March, I have been analyzing charts, trying to find signals of the crash being imminent and one of the biggest things I saw, showing the potential market crash last time was the crypto's being pumped for a few days and then dumped roughly a week before the stonks.. stonks pumped for a few weeks and then dropped. Crypto's are being dumped today.. keep an eye out. 🙂

    submitted by /u/LTenaciouSD
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    Global marco investor August newsletter thoughts??

    Posted: 07 Aug 2020 05:14 PM PDT

    Does anyone subscribe to GMI?

    Is it expensive as hell? Seems it's a yearly subscription service.

    I tend to not put much weight into macro, but if the subscription isn't retarded expensive, I was thinking about giving it ago. Assuming their subscription service isn't private.

    Anyone have any experience using it?

    submitted by /u/Darkfibre_
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    Calculation of overnight position's p/l in Leveraged ETF

    Posted: 07 Aug 2020 04:10 PM PDT

    Hi, I am new to the stock market. And I am going to use leveraged ETF for the first time. I have a question: if I buy the leveraged ETF in today's after-hours then my position's p/l will be calculated in reference to today's after-hours closing price or tomorrow's session closing price?

    Thank you.

    submitted by /u/Jatin19k
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    What is the basis for "adj. close" of SPY prices

    Posted: 07 Aug 2020 04:09 PM PDT

    Yahoo history data includes, for each date, an "adjusted" closing price to bring old prices consistent with current prices.

    What is the basis for the adjustment, especially for SPY? I understand that it might account for stock splits, etc., but what else?

    The most recent adjustment was:

     nominal, adjusted, adjustment 

    2020-06-18, 311.779999, 310.414001, .995618711

    2020-06-19, 308.640015, 308.640015, 1.0

    What errors would result from using the unadjusted closing prices?

    submitted by /u/bsmdphdjd
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    JNJ

    Posted: 07 Aug 2020 02:45 AM PDT

    Seems you can just print money by trading in and out of JNJ. Every time I look at it its approaching 150. Never stays above 150, drifts back to 140. Then back to 150. Over and over. Reminds me of when you could roll a dice and PFE would be between 30 and 33.

    submitted by /u/Kikutwo
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    Noob question here.

    Posted: 07 Aug 2020 10:31 AM PDT

    I see a lot of people talking about talking about cashing in their profits. If you bought a stock at $20 and it shot up to $120 and you don't think a logical estimation of the stock you sell so you can net a $100 profit. Pretty logical and straightforward.

    BUT my question is wouldn't you get fucked in tax season? Obviously, not off $100 profit but If you get a high cumulative profit off several stocks how would that effect you tax wise? I'm pretty new to this but I'm assuming you'd get taxed on that profit, right? Is there a certain amount you make before you get taxed or?

    Sorry if this has been answered before. Thanks in advance!

    EDIT: I'm from the United States

    submitted by /u/amv4229
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    r/StockMarket August 2020 Contest Update as of market close 8/6/20

    Posted: 07 Aug 2020 12:18 AM PDT

    Books expressing scepticism of technical analysis

    Posted: 06 Aug 2020 09:38 PM PDT

    I am trying to broaden my understanding by reading books that use evidence and statistics to contradict my existing knowledge. In particular, I want to read books that focus on the failures of (parts of) technical analysis. So far, I've found two books:

    • Evidence-Based Technical Analysis by David Aronson
    • Technical analysis and the active trader by Gary Norden

    Are there other books you would recommend?

    submitted by /u/SteadyWheel
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    Do private bilateral trades have to be reported?

    Posted: 07 Aug 2020 03:45 AM PDT

    I am trying to understand the how the market data reporting system works in the US. From what I understand:

    • All trades on stock exchanges and ATSs (e.g. ECNs, dark pools) have to be reported to a Securities Information Processor (SIP), which then disseminates the data to the public.

    • All trades on stock exchanges and ATSs have to take place within the National Best Bid and Offer (NBBO).

    Do these rules also apply to private bilateral trades?

    For example, a stock's NBBO is $5 bid and $6 offered. Suppose Alice and Bob meet each other at a restaurant, and Bob agrees to buy some shares from Alice at $4 per share by signing a contract. Does this transaction have to be reported to the SIP? Is the price (outside the NBBO) legal?

    submitted by /u/SteadyWheel
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    Long term investing / recommendation s?

    Posted: 07 Aug 2020 02:38 PM PDT

    Hello, i'm a beginner investor on Robinhood and have a question about long term investments. Should i not "sell" any stock for a year to get the best investment and pay less tax ? Also would you have any recommendations in mind for good long term stocks to date?

    submitted by /u/Brian102497
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    Do You Need All The Instruments To Have An Orchestra?

    Posted: 07 Aug 2020 06:05 AM PDT

    I was just curious as to how many instruments people hold and do they think it's OK to have quite a few - say 20 as long as they are across the board and not all in one industry - your thoughts please people?

    submitted by /u/Stickwood1
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    Is America's OTC market like UK's FTSE AIM?

    Posted: 07 Aug 2020 05:07 AM PDT

    AIM is basically lower regulation and you get a nominated advisor to guide you along. Also less exposure, but it's still an exchange where people can buy and trade your shares.

    Is OTC the same in the US?

    submitted by /u/HealedbyRain
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