| The longer I wait for Stocks to become cheaper, the more expensive they get. Posted: 28 Aug 2020 06:56 PM PDT In particular Apple and Tesla. The longer I wait for them to become cheaper, the higher they go. Let's forget all technicals and fundamentals because 2020 right. Now I actually expect these to go ever higher after the actual split, simply because so many people will think they've instantly became cheaper. Simple lesson here...Once again, time-in beats timing. Edit: Oky okyyy I'll just give into FOMO on Monday morning - pulling the trigger 🚀 Stonks right, literally can't go tits up. Edit 2: Anyone looking for potential value from stonks worst hit since the beer-bug, see stock gainzzz submitted by /u/ChunkyLittleSquirrel [link] [comments] |
| Netflix: The Story Behind the Rise of an Internet Media Giant Posted: 29 Aug 2020 09:19 AM PDT From 2010 to 2019, not a single stock in the S&P 500 performed better than Netflix did. Today, the company counts nearly 200 million subscribers across its global streaming platform. At any one time, Netflix accounts for 12-15% of all global internet traffic. And its market cap of $231bn makes Netflix more valuable than Bank of America, AT&T, or Comcast. If you invested $1,000 in the Netflix IPO in 2002, those shares would now be worth $437,888 for a total return of 43,688% – or annualized returns of 39.51% over the past 18 years. But if it weren't for a bad pitch to Blockbuster, Netflix may have never started the streaming revolution. Did you know that Netflix was originally called Kibble? That Walmart was once the biggest threat to its business? Or that the company nearly launched a "Netflix Box" to download shows instead of offering a fully on-demand streaming service? In the latest featured flashback, we profile how Netflix went from just another dot-com to category inventor, with quite a few ups and downs in between. The Amazon.com of "Something" - Early legend had it that Netflix CEO and co-founder Reed Hastings got the idea for Netflix after Blockbuster charged him a $40 late fee for Apollo 13. He has since conceded that he told that story to encapsulate the Netflix ethos and business model. The more widely accepted version is that both Hastings and co-founder Marc Randolph both greatly admired Amazon and wanted to replicate their success by becoming the next Amazon.com of "something".
- In 1997, DVD players were still uncommon and could cost upwards of $700, making them an expensive upgrade over the mainstay VCR. Originally, the duo considered a VHS mail-in service but ultimately decided that shipping video cassettes would be too costly. When they test-mailed a CD to their homes and it arrived in the same condition, they thought they were onto something.
- After securing funding (including $25,000 from Randolph's mother), Netflix opened its first distribution center in San Jose in 1998. Back then, the business model was to charge $4 per rental plus $2 for postage. They only had a skeleton staff and fewer than 1000 titles among their collection. But that didn't prevent Jeff Bezos from making an offer for Netflix to spur Amazon's entry into the movie rental business.
- The company rejected the offer but continued to struggle financially before moving to a subscription model in late 1999. Netflix figured that overnight delivery was possible from San Jose throughout the Bay Area, and local consumers were quick to sign up for a flat rate fee in exchange for unlimited movie rentals. That year, Netflix also signed revenue-sharing agreements with several major studios.
Dot Com Bubble Burst and Near Collapse - Although by 2000 Netflix now counted about 300,000 subscribers, the company was burning through an unsustainable rate of cash - $50 million that year alone. To draw in new subscribers, they offered generous deals and free trials. And the combination of only $20 monthly subscriptions for unlimited DVD rentals with a reliance on the US Postal Service meant that the company didn't have much promise of improving its cash flow.
- Plans to go public were scrapped when the dot com bubble burst. On top of that, the tech collapse caused venture capital money to dry up throughout the Valley. Unlike during the two or three previous years, investors were no longer willing to back dot com companies that had yet to turn a profit. According to an account from Randolph, Netflix thought the best option to stay in operation was to try and sell part of the company to Blockbuster – the dominant player in the rental market that had 7,700 retail locations at the time.
- In early 2000, Hastings and Randolph flew to Dallas to meet with Blockbuster. Netflix wanted to maintain its independence by offering a 49% stake but agreed to take on the name Blockbuster.com. The idea was that Netflix would become the online division of Blockbuster. When Blockbuster asked how much it would cost for the whole company, Hastings replied "$50mn". Not only did Blockbuster decline the arrangement, Randolph noted that Blockbuster CEO John Antioco struggled not to laugh when Hastings named his price. Instead, Blockbuster signed a 20-year video-on-demand agreement with Enron Broadband Services.
- Soon after this, though, DVD sales began to gain major traction and the cost of mass-producing DVDs fell to $1 per unit. On the back of the rise in DVD players, Netflix more than doubled its customer base to 750,000 towards the end of 2002. Even still, many had doubts about the future of the company and its shares hovered around pre-split levels of $6 ($0.42 on a split-adjusted basis at today's float). Wall Street even likened Netflix to infamous dot-com failures such as Kozmo or Webvan.
Enter Walmart, then Blockbuster - Despite Wall Street's skepticism, Walmart became intrigued by the success of Netflix and launched an identical service in early 2003. Not only did Walmart undercut Netflix's $19.95/month subscription with a rate of $18.86, they rivaled Netflix on selection. Hastings reacted to Walmart's entry by saying he was "glad" and that it "will benefit Netflix." Numerous attempts to keep undercutting Netflix on price didn't work, and Hasting's suggestion that Walmart's presence in the rental market would help Netflix actually proved to be true.
- With DVDs now becoming a popular mode of watching entertainment, the major obstacle preventing subscriber growth was convincing people to rent DVDs online. The entrances of Walmart in 2003 and Blockbuster in 2004 into the market greatly enhanced public understanding of the subscription-based DVD rental model. In fact, marketing by Walmart and Blockbuster had a knock-on effect for Netflix.
- With lower competitor prices and similar libraries, one of the key advantages for Netflix was its algorithm-driven recommendation feature. Prior to Netflix, box-office hits received the vast majority of rental revenues as it was difficult for consumers to learn about less well-known movies. At the time, 80% of Netflix rentals came from 2,000 titles – completely inverting the previous model of brick-and-mortar rental.
- The success of Netflix in promoting a wider range of films made the platform extremely popular with studios as a marketing vehicle and alternative mode of movie advertising versus traditional media. Blockbuster had also been sitting on a mountain of rental data, but unlike Netflix, they never utilized it to build out their online service. Eventually Walmart abandoned online DVD rentals in 2005 and even struck a deal to convert its subscribers to Netflix in exchange for Netflix promoting Walmart's in-store DVDs for purchase.
The Start of Streaming - In 2002, it cost $30 in bandwidth to download a DVD-quality movie online. But by the mid-2000s, internet speeds were now fast enough that it became feasible to think about sending content digitally. In 2005, the company thought the best way forward was to sell a "Netflix Box" that customers could download movies to then be able to watch them the next day. The product was about ready to launch when some began having second thoughts. Around this time YouTube was experiencing incredible success and growth. Rather than restrict Netflix streaming to a specific hardware device, the company decided to make its new web-based on-demand service hardware-agnostic.
- Netflix began streaming its movies and TV shows directly to subscribers' devices in 2007 – more or less ending the rental wars that began at the start of the decade. At the end of that year, Netflix had 7.5 million subscribers, marking 24x growth in its user base in just over seven years. While Amazon also launched a streaming service that year, Netflix enjoyed a dominant market share at 91%. A few years later in 2010, Blockbuster had filed for bankruptcy protection and Netflix shares were hitting all-time highs.
- Even after the exit of Blockbuster and its near monopoly on streaming for a time, Netflix experienced a couple of growing pains that caused analysts to question its future on more than one occasion. The most notable of these occurred in 2011 when the company decided to split its DVD rental and streaming plans while it was still mailing 14 million DVDs to customers. The result was that customers who wanted streaming and DVD rental had to pay 60% more per month than before. When the company announced it had lost 800,000 subscribers in its Q3 FY11 earnings report due to the move, shares plunged 35%. Shares had reached a pre-adjusted split high of nearly $300 that summer before falling to $78 in October.
Original Content, International Expansion, and Media Giant - Over the next few years, though, Netflix began significantly investing in original content and moving its platform into new markets. From 2011 to 2015, Netflix expanded into Canada and Europe, across Latin America, and began to gain a foothold in Asia. However, perhaps just as important to the new leg of growth was the start of original content in 2013 with the launch of "House of Cards". While the move into original content required major capital investments by Netflix, it also reduced licensing fees and furthered the value proposition for the platform as some of its shows gained critical acclaim.
- The dual strategy led to Netflix growing subscribers from 70.8 million in 2015 to 167.1 million in 2019 (63.5% of whom were international-based). In 2017, US-based Netflix subscribers equaled the combined number of cable subscribers for the first time. And in 2019, 6 of the top 10 streamed television shows in the US were Netflix original content. With Disney, Comcast, AT&T, Apple, and others pushing heavily into streaming with a combination of high-value content and deep pockets, it remains to be seen who will ultimately win the streaming wars. But there is no doubting the immense success Netflix has achieved in reinventing how we consume entertainment, and their shareholders have been rewarded greatly.
You can also find me on Twitter @BlackjacketCo where I write about emerging technologies and long-term market trends. Thanks so much for reading! submitted by /u/bumblebear3012 [link] [comments] |
| If you are writing a post that involves "Should...?" Posted: 29 Aug 2020 11:25 AM PDT "Should I buy/sell _?" "Should I short or hold long-term?" "What's a good __ that I should buy?" Etc. You need to include some background information in order to get any sort of meaningful answer. We have no idea if you're 24 and getting started on retirement or if you're 61 with $20,000,000 in the bank and looking to pick up day trading as a hobby. Help us help you Edit: No idea why some of it is bold/italicized, mobile sucks submitted by /u/monkeyseal42 [link] [comments] |
| What are you top 5 picks excluding FAANG +msft for long term? Posted: 29 Aug 2020 10:11 AM PDT For the sake of this discussion let's exclude ETF's too. What would your top 5 picks be? Let's say holding for 30 years. I like V/MA, something energy/renewable related, WM and JPM. And tesla for the memes. What are your recommendations? submitted by /u/-Pio- [link] [comments] |
| My bank is going public... Posted: 29 Aug 2020 12:13 PM PDT Hi folks, Last week I came home to find my mailbox was stuffed w/ 6 fat packages from Eastern Bank last week (3 kids have passbook savings, and my wife and I have 2 savings and checking account). At first glance I thought it was a new policies and procedures disclosure update. I was surprised when I saw they were going public! Been and EB guy for close to 30 years. They are primarily found in Massachusetts. This is what the google gave me:Eastern Bank is the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. They are offering account holders stocks @ $10/each if you had an account as of March 31st. I have never been part of a bank getting a ticker, nor would I even begin to know which existing publicly traded banks to look at for an equal comparison. I an considering picking up a couple hundred shares, and taking money for each child's savings passbook (which is making next to dust with the interest rates) and buying 100 each for them and will let them have it at 18 and they can do what they want with them at that point. Here is the link to their prospectus:
https://www.sec.gov/Archives/edgar/data/1810546/000119312520172003/d846554ds1.htm Would love to hear some of your thoughts. Any feed back on this would be greatly appreciated, thanks again!!! submitted by /u/i_speak_gud_engrish [link] [comments] |
| Could we see $ACB $CGC and other cannabis stocks spike if the House votes in favor of federal decriminalization of cannabis next month? Posted: 29 Aug 2020 06:51 AM PDT $ACB right now is a fair price, but has been sinking for a while. Interested in seeing how these stonks will be impacted next month when the House vote. submitted by /u/WobleWoble [link] [comments] |
| Wall Street Week Ahead for the trading week beginning August 31st, 2020 Posted: 29 Aug 2020 05:50 AM PDT Good Saturday morning to all of you here on r/stocks. 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 31st, 2020. Stocks head into September in high gear as Apple and Tesla split, and markets await the August jobs report - (Source)
September is historically challenging for the market, but stocks could start the month on an upswing after what looks to be the best August for the S&P 500 in at least 34 years.
The week ahead will be busy with Fed speakers and economic reports, including the important August employment count Friday. Fed Vice Chairman Richard Clarida speaks at 9 a.m. ET Monday on monetary policy. He is is one of several officials, who are expected to reiterate Chairman Jerome Powell's Jackson Hole message that the Fed would be willing to let inflation run hot temporarily to help the economy and job market.
The low volume days of late summer should be a hallmark of the week ahead, but there could also be window dressing trades around the month's end, as investors rebalance holdings.
On Monday, there could be some excitement around two of the market's favorite stocks. Apple begins trading after a 4-for-1 split. Tesla is also trading on a split-adjusted basis starting Monday, after it split its stock 5-for-1. Apple's split changes its weight in the Dow, so the index is being adjusted and there will be new names in the index Monday as some old ones leave. ExxonMobil, Pfizer and Raytheon will be replaced by Salesforce.com, Amgen and Honeywell.
The S&P 500 was up 3.2% in the past week, and it could continue to make gains in the week ahead.
"I think we're still going to be basking in the the glow of an accommodative Fed, combined with the increased accessibility of Apple's share price to retail investors," said Sam Stovall, chief investment strategist at CFRA. Stovall said that after its last split in 2014, Apple gained 36% over the next year, but after its 2000 split as the tech bubble burst, it lost 60%. Apple has risen more than 30% since announcing its stock split on July 30.
The S&P 500 was on track for a more than 6.9% gain in August, its best performance since 1986 if it holds that level through Monday. The S&P recovered and surpassed its all time high during the month and is now flirting with the psychological 3,500 area.
The S&P 500 has on average lost 0.5% in September, its worst month of the year going back to World War II, Stovall said. When the S&P 500 has gained more than 5% in August, September gained an average 1.4% and was positive in four of the seven years also back to the 1940s, Stovall said.
Jobs, jobs, jobs Economists are slightly more optimistic about the economic data in the third quarter, but the job market has been an area of concern with unemployment claims still running around 1 million a week. According to Refinitiv, economists expect 1.4 million jobs were created in August, down from 1.76 million in July. The unemployment rate is expected to fall to 9.8% from 10.2%.
"I'm assuming we just continue the momentum we saw in the prior month," said Aneta Markowska, Jefferies chief economist. Markowska said the monthly number has been difficult to forecast because the lack of correlation with unemployment claims, typically a strong barometer for monthly payrolls data but not as much since the pandemic.
"What we've seen really in the last two to three months is a sharp snapback in the hiring in the sectors that were most depressed in Covid. You have restaurant workers, leisure workers coming back," Markowska said. "At the same time, you're seeing a much smaller wave of layoffs in other industries. There was a second order knock-on affect, as a result of profit weakness and companies trying to cut costs as a result of that."
Michael Schumacher, head of rate strategy at Wells Fargo, said there's been a debate in the market for the last several weeks about whether jobs gains are beginning to flatline.
"It strikes me that if you get a better-than-expected number that probably sends risk assets flying, but a somewhat worse-than-expected number would have less impact," he said.
Schumacher said the market may pay some attention to so far floundering efforts in Washington for a new stimulus package. But he added the market has been ignoring the issue for now, as Congress appears to be getting further apart.
"We are worried about the impact on these small businesses if there's no bridge for the next six months," he said.
Fed message After Powell spoke at the Jackson Hole symposium Thursday, Treasury yields moved in a wide range. The 10-year note was as low as 0.65% and as high as 0.78% Friday, before settling in at about 0.74% in afternoon trading Friday.
Powell said the Fed would be willing to let inflation rise a bit above 2% for awhile, and that it would now target an average without moving to tighten policy.
"The market reaction to Powell was a little confusing. I suspect the Fed did not want to see this back-up in nominal yields and I suspect they'll push against it," said Markowska.
Fed watchers said the message from Powell was that the Fed will likely keep rates lower for a longer period. Bond strategists said the market was responding to the idea of higher inflation, and rates were rising, particularly at the long end of the curve.
This past week saw the following moves in the S&P: Major Indices for this past week: Major Futures Markets as of Friday's close: Economic Calendar for the Week Ahead: Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close: S&P Sectors for the Past Week: Major Indices Pullback/Correction Levels as of Friday's close: Major Indices Rally Levels as of Friday's close: Most Anticipated Earnings Releases for this week: Here are the upcoming IPO's for this week: Friday's Stock Analyst Upgrades & Downgrades:
S&P 500 Stocks: Worlds Apart If you've been paying attention this year, you know that the S&P 500 has been carried by the performance of the index's largest components, and the chart below illustrates just how wide the disparity has been. It shows the YTD performance of each of the S&P 500's members sorted by their market cap heading into 2020 with the largest stocks on the left side and the smallest stocks on the right. So far this year, the 50 largest stocks in the S&P 500 are up an average of 11.3% YTD, and if we were to take an even narrower look at just the ten largest stocks heading into the year, the average YTD gain is over 27%! While the largest stocks are up a lot this year, the next 400 stocks in terms of market cap haven't fared nearly as well, averaging a decline of 2.0%. That's not great, but considering the pandemic this year, even a 2% decline isn't such a bad thing. The same can't be said for the smallest stocks in the S&P, however. As shown below, the 50 smallest stocks are down an average of 15.3% YTD, and more than two-thirds of them are down! Another way to illustrate the declining fortunes of stocks this year based on their size is by looking at a moving average of YTD stock performance across the market cap spectrum, In the chart below, the first point on the chart represents the performance of the 50 largest stocks in the S&P 500 which have gained an average of 11.3% YTD. The next point to the right represents the average YTD change of the stocks that ranked between number 2 and 51 in terms of market cap at the start of 2020, and we continue that process down the entire list of components to the point where the last point in the series on the right side of the chart represents the average performance of the 50 smallest stocks in the S&P 500 heading into the year. As mentioned above, that group of stocks has averaged a decline of 15.3% YTD. The performance of the 50 largest stocks in the S&P 500 ranks as the fourth-best of 451 different points on the chart, while the basket of the 50 smallest stocks ranks as the 29th worst performing basket. In 2020, the bigger the stock, the better the returns.
Which Bull Will It Be? The incredible rally off the March 23 bear market bottom continues, with the S&P 500 Index up more than 50% from those fateful lows. It feels like a lifetime since the longest bull market ever ended. Remember though, although the recent bull market was the longest, it wasn't the greatest, as the 1990s bull gained more on a percentage basis. We discussed in detail what the new highs in the S&P 500 meant here, so we won't dive into that again. But this time we'll show just how this rally ranks versus others that ended major bear markets. As shown in the LPL Chart of the Day, this new bull market, up to this point of about five months, is stronger than any other major bull market's start going back to World War II. "Yes, this new bull market is the strongest bull market we've ever seen after five months," explained LPL Chief Market Strategist Ryan Detrick. "But that shouldn't be a source of worry. The previous two strongest rallies up to this point were in 1982 and 2009, and both saw continued strength during the first year of the new bull market." Here is a chart showing just this bull market and the '82 and '09 bull markets.
September Almanac: Only Modest Improvement in Election Years Start of business year, end of summer vacations, and back to school made September a leading barometer month in first 60 years of 20th century, now portfolio managers back after Labor Day tend to clean house Since 1950, September is the worst performing month of the year for DJIA, S&P 500, NASDAQ (since 1971) and Russell 1000 (since 1979). Sizable gains in September 2009, 2010, 2012, 2013 and 2017 have lifted Russell 2000 to second worst (since 1979). September was creamed four years straight from 1999-2002 after four solid years from 1995-1998 during the dot.com bubble buildup. Bullish election-year forces do little to improve on September's poor overall performance over the same time frame. September's performance does improve slightly in election years, but it is still negative nearly across the board. Only the Russell 1000 and Russell 2000 have been able to escape negative territory and post modest 0.2% and 0.8% average gains respectively in the last ten election year Septembers.
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 8.31.20 Before Market Open: Monday 8.31.20 After Market Close:
Tuesday 9.1.20 Before Market Open: Tuesday 9.1.20 After Market Close:
Wednesday 9.2.20 Before Market Open: Wednesday 9.2.20 After Market Close:
Thursday 9.3.20 Before Market Open: Thursday 9.3.20 After Market Close:
Friday 9.4.20 Before Market Open: ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) (NONE.)
Friday 9.4.20 After Market Close: ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) (NONE.)
Zoom Video Communications, Inc. $299.27 Zoom Video Communications, Inc. (ZM) is confirmed to report earnings at approximately 4:05 PM ET on Monday, August 31, 2020. The consensus earnings estimate is $0.45 per share on revenue of $498.02 million and the Earnings Whisper ® number is $0.54 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat The company's guidance was for earnings of $0.44 to $0.46 per share on revenue of $495.00 million to $500.00 million. Consensus estimates are for year-over-year earnings growth of 800.00% with revenue increasing by 241.52%. The stock has drifted higher by 41.4% from its open following the earnings release to be 95.0% above its 200 day moving average of $153.49. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 10.2% move on earnings in recent quarters.
DocuSign $215.24 DocuSign (DOCU) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, September 3, 2020. The consensus earnings estimate is $0.08 per share on revenue of $318.46 million and the Earnings Whisper ® number is $0.10 per share. Investor sentiment going into the company's earnings release has 84% expecting an earnings beat The company's guidance was for revenue of $316.00 million to $320.00 million. Consensus estimates are for year-over-year earnings growth of 300.00% with revenue increasing by 35.16%. Short interest has increased by 10.9% since the company's last earnings release while the stock has drifted higher by 53.9% from its open following the earnings release to be 81.3% above its 200 day moving average of $118.72. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, August 28, 2020 there was some notable buying of 3,469 contracts of the $220.00 call expiring on Friday, September 4, 2020. Option traders are pricing in a 12.9% move on earnings and the stock has averaged a 9.9% move in recent quarters.
CrowdStrike, Inc. $118.64 CrowdStrike, Inc. (CRWD) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, September 2, 2020. The consensus estimate is for a loss of $0.01 per share on revenue of $188.63 million and the Earnings Whisper ® number is $0.01 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for revenue of $186.00 million to $190.00 million. Consensus estimates are for year-over-year earnings growth of 95.45% with revenue increasing by 74.48%. Short interest has increased by 77.2% since the company's last earnings release while the stock has drifted higher by 18.7% from its open following the earnings release to be 61.0% above its 200 day moving average of $73.67. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 11.0% move on earnings in recent quarters.
Macy's, Inc. $6.95 Macy's, Inc. (M) is confirmed to report earnings at approximately 6:55 AM ET on Wednesday, September 2, 2020. The consensus estimate is for a loss of $1.86 per share on revenue of $3.77 billion and the Earnings Whisper ® number is ($1.75) per share. Investor sentiment going into the company's earnings release has 17% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 764.29% with revenue decreasing by 32.02%. Short interest has decreased by 2.2% since the company's last earnings release while the stock has drifted lower by 32.9% from its open following the earnings release to be 32.0% below its 200 day moving average of $10.22. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, August 17, 2020 there was some notable buying of 8,583 contracts of the $7.00 put expiring on Friday, September 18, 2020. Option traders are pricing in a 14.2% move on earnings and the stock has averaged a 5.0% move in recent quarters.
Catalent, Inc. $87.66 Catalent, Inc. (CTLT) is confirmed to report earnings at approximately 7:30 AM ET on Monday, August 31, 2020. The consensus earnings estimate is $0.81 per share on revenue of $770.52 million and the Earnings Whisper ® number is $0.83 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 24.62% with revenue increasing by 6.18%. Short interest has decreased by 62.3% since the company's last earnings release while the stock has drifted higher by 34.9% from its open following the earnings release to be 36.1% above its 200 day moving average of $64.41. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, August 28, 2020 there was some notable buying of 631 contracts of the $90.00 call expiring on Friday, September 18, 2020. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 2.5% move in recent quarters.
At Home Group Inc. $18.68 At Home Group Inc. (HOME) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, September 1, 2020. The consensus earnings estimate is $1.33 per share on revenue of $361.77 million and the Earnings Whisper ® number is $1.37 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 638.89% with revenue increasing by 5.68%. Short interest has decreased by 43.5% since the company's last earnings release while the stock has drifted higher by 154.8% from its open following the earnings release to be 187.2% above its 200 day moving average of $6.51. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, August 20, 2020 there was some notable buying of 2,504 contracts of the $20.00 call expiring on Friday, September 18, 2020. Option traders are pricing in a 15.4% move on earnings and the stock has averaged a 25.3% move in recent quarters.
Campbell Soup Co. $52.14 Campbell Soup Co. (CPB) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, September 3, 2020. The consensus earnings estimate is $0.60 per share on revenue of $2.03 billion and the Earnings Whisper ® number is $0.66 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 42.86% with revenue increasing by 14.04%. Short interest has increased by 12.6% since the company's last earnings release while the stock has drifted higher by 0.3% from its open following the earnings release to be 6.0% above its 200 day moving average of $49.18. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, August 24, 2020 there was some notable buying of 1,110 contracts of the $53.00 call expiring on Friday, September 4, 2020. Option traders are pricing in a 6.5% move on earnings and the stock has averaged a 7.0% move in recent quarters.
Broadcom Limited $344.82 Broadcom Limited (AVGO) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, September 3, 2020. The consensus earnings estimate is $5.23 per share on revenue of $5.78 billion and the Earnings Whisper ® number is $5.36 per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 4.18% with revenue increasing by 4.81%. Short interest has decreased by 31.9% since the company's last earnings release while the stock has drifted higher by 7.9% from its open following the earnings release to be 17.3% above its 200 day moving average of $293.87. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 6.4% move on earnings and the stock has averaged a 5.1% move in recent quarters.
Smith & Wesson Brands, Inc. $18.05 Smith & Wesson Brands, Inc. (SWBI) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, September 3, 2020. The consensus earnings estimate is $0.56 per share on revenue of $201.80 million and the Earnings Whisper ® number is $0.60 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1,766.67% with revenue increasing by 63.18%. The stock has drifted higher by 0.5% from its open following the earnings release to be 37.6% above its 200 day moving average of $13.11. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 5.5% move on earnings in recent quarters.
Cloudera, Inc. $12.92 Cloudera, Inc. (CLDR) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, September 2, 2020. The consensus earnings estimate is $0.06 per share and the Earnings Whisper ® number is $0.08 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat The company's guidance was for earnings of $0.06 to $0.07 per share on revenue of $206.00 million to $209.00 million. Consensus estimates are for year-over-year earnings growth of 175.00% with revenue increasing by 407.85%. Short interest has decreased by 14.0% since the company's last earnings release while the stock has drifted higher by 18.1% from its open following the earnings release to be 26.7% above its 200 day moving average of $10.20. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, August 20, 2020 there was some notable buying of 3,629 contracts of the $13.00 call expiring on Friday, September 4, 2020. Option traders are pricing in a 16.6% move on earnings and the stock has averaged a 16.3% move in recent quarters.
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/stocks. submitted by /u/bigbear0083 [link] [comments] |
| House Schedules Historic Vote on Decriminalizing Marijuana at the Federal Level Posted: 28 Aug 2020 02:56 PM PDT |
| Some interesting news in the stock market this week Posted: 29 Aug 2020 02:55 AM PDT Insider Buying On Wednesday it was reported that Marcus Lemonis, CEO of Camping World Holdings $CWH, acquired 32,250 common shares in the outdoor lifestyle co. in multiple transactions on Aug. 24 and Aug. 25 for approximately $1million. It has been a pretty good year so far for Camping World as RV sales are up 8% and the company is undeniably getting a sales bump from the pandemic, longer-term migration out of densely populated cities thanks to cloud computing and remote work. But CWH sees further opportunity as households are increasing seeking access to the outdoors. It estimates some 11 million American households have an RV, and since it operates in just 36 states, there's a possibility it can continue to expand its footprint with approximately eight to 10 new stores a year. With a PE of 12.0 the valuation looks very reasonable. On Friday, Pacific Ethanol $PEIX jumped 9% after reporting insider purchases (including the CEO and CFO) totalling $390,000. It's always good to see insiders buyinto strength and with PEIX up 10x since March the CEO and CFO both seem to believe it has further to run. The ethanol business has many regulations that act as barriers to entry and the company has benefitted from the COVID pandemic given the huge growth in demand for high-quality alcohol for cleaning and sanitation supplies. PEIX has already guided for full year EBITDA of $76mn. Next year, with increased capacity and the (currently ongoing) repricing of 1 year contracts, $100mn looks reasonable. Beyond that is anyone's guess but the current valuation at $235mn does look cheap. Growth Stocks On Tuesday BigCommerce Holdings $BIGC spiked 37% after the company announced that its e-commerce checkout service would be available through Facebook's Instagram app. The app allows consumers to check out on Instagram, instead of leaving the app and going to a merchant's website to finalize an e-commerce sale and could help merchants (who sign up) more easily sell their products to Instagram's 1 billion users. It could also help BigCommerce get a foot in the door with merchants before going on to cross sell other products and build their online store (similar to Shopify). Shopify shareholders don't seem too worried just yet. Shopify is about 15x larger by sales, cashflow positive and building out a fulfilment network that could end up challenging Amazon. Nevertheless, it's a huge development for $BIGC who, with a market cap of just $8.8bn, are still at an early stage of growth with a long runway in front of them. Also on Thursday, Dollar General $DG reported strong comparable sales, up 18.8% in Q2, to top the consensus estimates of +14.9%. Same-store sales increased in each of the consumables, seasonal, home products and apparel categories, with the largest percentage increase in the home products category. Margins were also up due to higher initial markups on inventory purchases, a greater proportion of sales coming from the non-consumables product categories (higher margins) and a reduction in markdowns as a percentage of net sales. No formal full-year guidance was issued due to the pandemic but EO Todd Vasos was bullish saying "We continue to operate from a position of strength and are excited to announce the acceleration of several key strategic initiatives, including the rollout of DG Pickup, DG Fresh, and our Non-Consumables initiative, as well as an increase in our expected number of real estate projects for fiscal 2020". The valuation at just 20x current year estimates looks very reasonable. Value Stocks On Tuesday Toll Brothers $TOL beat expectations in its Q3 with EPS of $0.90 and sales of $1.65bn versus forecasts of $0.71 and $1.5bn. The company pointed to growing demand, driven by historically low interest rates, the undersupply of homes, and the COVID pandemic leading to consumers focusing on the importance of a home "more than ever." Forward looking gauges — pending sales, housing starts and building permits — suggest that, against all odds, the US housing market is holding up. The valuation at just 14x trailing earnings looks reasonable. On Friday, Big Lots $BIG dropped 10% after reporting an outstanding set of results that beat top and bottom line forecasts. Net sales increased 31% year over year to $1.25 billion and EPS of $11.29 ($2.75 after adjustment for sale and leaseback benefit) compared to $0.16 last year. The sale and leaseback transaction also transformed the balance sheet from a net debt of c.$400mn to net cash of $850mn. That's a significant amount for a company with a market cap of $2bn especialially given it has just announced the authorization to repurchase $500 million in shares. All this makes Friday's drop more bewildering. The stock price has soared since March lows, but with a trailing PE of 7.0 it still looks like good value. "Follow me" to get updates during the week. This is is not a recommendation to buy or sell. Stocks are not suitable for everyone. Some of the stocks mentioned are risky small cap and/or highly speculative. Please do your own research. submitted by /u/InterestingNews1 [link] [comments] |
| Share your Post-Covid Tickers which you believe are guaranteed to recover. Posted: 29 Aug 2020 12:38 PM PDT With all the FOMO topics involving the usual suspects, lets discuss the market once things go back to normal. I think this is a huge opportunity. Tons of solid companies have not recovered since March.
Which ones are you eyeing up. submitted by /u/Gen8Master [link] [comments] |
| Thinking of making another account that I use exclusively for high risk, high potential investing. Posted: 29 Aug 2020 12:11 PM PDT I want to make an account separate from my diversified longterm investment account, just something to play around with a little. I want to go : 25% amc entertainment 25% ciniplex 25% air canada 25% united airlines ... buying at the right time of course , maybe i'll put 250$ into each of these stock, just a thought i'm playing around with, opinions ? submitted by /u/-0-itisaplane [link] [comments] |
| International Stocks Posted: 29 Aug 2020 05:34 AM PDT I see a lot of discussion solely on American stocks, but since Reddit is an international platform I think it would be nice to also discuss some international stocks. To get some ideas redditors could post some interesting stocks from their homecountry. I am from Germany and I think CTS Eventim (EVD) is an exciting company. They are the biggest online ticketing company in Europe and are of course massively fucked by corona. But they have solid finances and should come out on top after all of this is over. Of course do your own research, but just to give you an idea. submitted by /u/flying_jerome [link] [comments] |
| Best mobile real time charting app? Posted: 29 Aug 2020 12:03 PM PDT Hi everyone, I have been using thinkorswim mobile for the longest time for intraday charting, but it has been horribly laggy and unreliable of late. Can you recommend a reasonable mobile alternative for purely charting/drawing trend lines and maybe screening? TradeStation? TradingView? submitted by /u/robercci27 [link] [comments] |
| [help needed for newbiew] how do you guys go about studying stocks in courses? Posted: 29 Aug 2020 11:54 AM PDT As a newbie how do you guys go about studying stocks courses? Since all is so new to me (gets confused at times,) I am wondering should I go back and watch 2-3 times again, then start paper trade or should I paper trade then watch again (or paper trade and watch to gather to freshen up) and how much times should newbies do this, would like to have your thoughts/recommendation thanks. submitted by /u/amiinarightplace [link] [comments] |
| How do you personally analyze an IPO? Posted: 29 Aug 2020 06:43 AM PDT I'm newer to trading and still have one year of business school left, what does everyone look for when they're analyzing the future profitability of an IPO? submitted by /u/jelsholz [link] [comments] |
| Investing in John Hancock Premium Dividend Fund (8.8% dividend yield) Posted: 29 Aug 2020 10:25 AM PDT The John Hancock Premium Dividend Fund (ticker: PDT) looks like an extremely attractive dividend investment. It currently has an 8.9% yield if I buy it at the current price support of 13.12. I am considering a huge investment in it for monthly income. Here is a link to the current holdings: https://www.jhinvestments.com/investments/closed-end-fund/us-equity-funds/premium-dividend-fund-ce-pdt#characteristics What I am worried about is it looks like it owns mostly preferred shares of many banks and utilities companies, and also bonds. I don't understand much about these, but I don't see any of the companies it holds assets of becoming less profitable than they currently are. I just think it's too good to be true that it pays $1.17 a year on a $13.12 investment... Is there something I'm missing? I am leaving town soon and looking for something I don't have to manage. I am also putting a significant amount in a citizens savings account for 3 months because they are paying me $600 to open a checking and savings together. submitted by /u/luxurypranda [link] [comments] |
| U.S. says Herbalife to pay $123.1 million to resolve China bribery case Posted: 29 Aug 2020 02:02 PM PDT https://www.reuters.com/article/us-herbalife-china-settlement-idUSKBN25O25C NEW YORK (Reuters) - Herbalife Nutrition Ltd will pay $123.1 million to settle criminal and civil charges it bribed Chinese officials in government agencies and media outlets to boost its business in China, the U.S. Department of Justice said on Friday. Authorities said Herbalife schemed from 2007 to 2016 to bribe Chinese officials with cash, entertainment, meals and travel to obtain direct selling licenses, reduce government scrutiny and suppress negative coverage by state-controlled media. submitted by /u/coolcomfort123 [link] [comments] |
| Buying Options, what % do you prefer? Posted: 29 Aug 2020 01:53 PM PDT When buying options, do you prefer when they are on sale, and negative. Or when they are positive, with the potential to keep increasing? I am new to options, and have been doing research and used to think that buying negative was the goal, but after reading about double down averaging versus scaling in, I am starting to think that I should be buying options when they are positive and not negative. What do you think? submitted by /u/pretty-zucchini [link] [comments] |
| Do you bother to currency hedge your U.S ETFs? Posted: 29 Aug 2020 04:09 AM PDT Obviously this is for non-U.S based people. Weak dollar is killing profits if you invest in U.S stocks. Ways to hedge it: Buy Gold? Get a currency hedged ETF (which have slightly higher fees)? Or if investing for the long term just let it play out? What's your choice? submitted by /u/MrDopple68 [link] [comments] |
| Anyone else holding Apple and Tesla into the weekend? Posted: 29 Aug 2020 01:46 PM PDT I'm so hype for the split Monday. Can't wait for the price action. I can't imagine they'd tank but probably not skyrocket either. Either way they're gonna be huge volume, should be exciting. submitted by /u/isaac11117 [link] [comments] |
| VBIV Posted: 29 Aug 2020 01:38 PM PDT Anyone watching this still? Price has been up and down. The news that they might have 2 potential vaccine candidates that also only require one dosage vs other companies needing two. Also their work with their HepB looks promising. I'm just wondering why this hasn't popped like some of these other bio companies. submitted by /u/zandarkyn21 [link] [comments] |
| Best europeam trading stocks site for begginers? Posted: 29 Aug 2020 09:49 AM PDT The title says it all, I want to start investing but I don't know what platform would be the best for a begginer that is also available in europe. Also I want to be able to invest in fractional shares cause I don't really have a lot to invest yet. submitted by /u/FireCock0000 [link] [comments] |
| Anyone holding past earnings (RKT) Posted: 29 Aug 2020 12:58 PM PDT I know the price is going to go up after earnings, but do any of you think it's worth just holding for future gains? Or is this going to be a one off boom. submitted by /u/Wowiloveusernames [link] [comments] |
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