Stocks - r/Stocks Daily Discussion & Technicals Tuesday - Aug 11, 2020 |
- r/Stocks Daily Discussion & Technicals Tuesday - Aug 11, 2020
- Trump Says He’s ‘Seriously’ Mulling a Capital Gains Tax Cut
- S&P 500 inches closer to a record high, Dow rallies more than 200 points
- Boeing order cancellations outpace new sales for sixth straight month as demand continues to fall
- Trump Administration Seeks to Delist U.S.-Listed Chinese Companies for Blocking Audit Inspections
- NIO - 8% Earnings Beat
- Chinese firms that fail U.S. accounting standards to be delisted as of 2022: Mnuchin
- Where do you find ideas?
- Tesla 5:1 stock split!
- AMD back under $80 today, anyone buying the dip?
- How to Play IPO Debuts for Profit (repost without banned links)
- Do you have difficulty taking profits?
- Tesla announces five-for-one stock split
- Tesla have announced a 5 to 1 stock split
- Virgin Galactic closing public offering
- What are your thoughts on Amazon eventually being labeled as a monopoly and being forced to break up?
- TSLA ANNOUNCED 5 for 1 STOCK SPLIT
- Airbnb Plans to File Confidentially for IPO in August - WSJ
- Micron (MU) 2020 Year End annual report approaching
- Do companies pay taxes when they dilute the shares?
- Nio posting positive margin
- I'm surprised people are still selling off TDOC
- STNE news?
- Should I accept the RH buying restriction?
- SDGR down about 25% from highs after mixed Earnings Report, New Share Offering
| r/Stocks Daily Discussion & Technicals Tuesday - Aug 11, 2020 Posted: 11 Aug 2020 01:06 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post. Some helpful day to day links, including news:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions. The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price. TA can be useful on any timeframe, both short and long term. Intro to technical analysis by Stockcharts chartschool and their article on candlesticks If you have questions, please see the following word cloud and click through for the wiki: See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Trump Says He’s ‘Seriously’ Mulling a Capital Gains Tax Cut Posted: 11 Aug 2020 08:45 AM PDT President Donald Trump said he's "very seriously" considering a capital gains tax cut, a move he decided against last September after saying it wouldn't do enough to help the middle class. "We're looking at also considering a capital gains tax cut, which would create a lot more jobs," Trump said Monday at a White House news conference. [link] [comments]  |
| S&P 500 inches closer to a record high, Dow rallies more than 200 points Posted: 11 Aug 2020 06:34 AM PDT https://www.cnbc.com/2020/08/10/stock-market-futures-open-to-close-news.html The S&P 500 rose on Tuesday, putting it on the cusp of a fresh all-time high amid a rotation out of technology shares and into stocks that would benefit from a reopening of the economy and a vaccine, such as cruise lines and airlines. The broader market index gained 0.5% and was within half a percent of reaching its Feb. 19 record of 3,393.52. The Dow Jones Industrial Average jumped 293 points, or 1.1%. The Nasdaq Composite struggled, however, sliding 0.4%. [link] [comments]  |
| Boeing order cancellations outpace new sales for sixth straight month as demand continues to fall Posted: 11 Aug 2020 08:42 AM PDT Boeing logged 43 cancellations and no new orders in July, adding to troubles for the plane maker. The company last month said it planned to lower production targets of its 787 and its 737 Max. The coronavirus pandemic adds to Boeing's troubles that started with two crashes of its bestselling 737 Max in 2018 and 2019. [link] [comments]  |
| Trump Administration Seeks to Delist U.S.-Listed Chinese Companies for Blocking Audit Inspections Posted: 10 Aug 2020 04:48 PM PDT The Donald Trump administration issued a set of recommendations intended to address the long-running inability of the U.S. audit regulator—the PCAOB—to inspect accounting firms based in China whose audit clients are listed in U.S. stock markets. One plan would toughen listing standards on U.S. stock exchanges for what the administration calls non-cooperating jurisdictions (NCJs). But this really targets China as other countries have agreements with the PCAOB. For Chinese companies—such as tech giants Alibaba Group Holding Ltd. and Baidu, Inc.—that want to continue with their listing or want to initiate listing on a U.S. exchange, the PCAOB must have access to audit work papers of the principal audit firm. Companies that cannot grant access because of government restrictions can satisfy this standard by providing a co-audit from an accounting firm "with comparable resources and experience" that the PCAOB determined can conduct proper exams. The new listing standard gives a transition period until January 1, 2022, for already listed companies. The new standards will be immediately applied to new listings after rulemakings become effective. Details of the recommendations are in a July 24, 2020, report drafted by the President's Working Group (PWG) on Financial Markets. PWG is chaired by Treasury Secretary Mnuchin, and he made the report public on August 6. This responds to a June 4 memorandum by President Trump directing the PWG to come up with plans to address the problem. [link] [comments]  |
| Posted: 11 Aug 2020 04:29 AM PDT Highlights: Q2 Non-GAAP EPS of -$0.15; GAAP EPS of -$0.16 beats by $0.10. Non-GAAP EPS of -RMB1.08 beats by RMB0.78. Revenue of $526.4M (+146.5% Y/Y) beats by $24.46M. Gross margin was 8.4%, compared with -33.4% in Q2 2019. Quarterly deliveries of the ES8 and the ES6 were 10,331 vehicles, compared with 3,553 vehicles in Q2 2019. Vehicle margin was 9.7%, vs. -24.1% in Q2 2019. [link] [comments]  |
| Chinese firms that fail U.S. accounting standards to be delisted as of 2022: Mnuchin Posted: 10 Aug 2020 05:03 PM PDT WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Monday said companies from China and other countries that do not comply with accounting standards will be delisted from U.S. stock exchanges as of the end of 2021. Mnuchin and other officials recommended the move to the U.S. Securities and Exchange Commission last week to ensure that Chinese firms are held to the same standards as U.S. companies, prompting China to call for frank dialogue. Mnuchin told a White House briefing the SEC was expected to adopt the recommendations. "As of the end of next year ... they all have to comply with the same exact accounting, or they will be delisted on the exchanges," he said. [link] [comments]  |
| Posted: 11 Aug 2020 07:44 AM PDT Title says it all. Like, i dont get how people find ideas for stocks. How do you guys know about idk, NIO when it is only 3 USD stock, or Tesla when it was cheap or something like that. Using screeners? or you just pick random company and do DD? There has to be some system how to find companies like that, how to get those ideas... [link] [comments]  |
| Posted: 11 Aug 2020 02:05 PM PDT Huge breaking news for Tesla! Plus Apple coming up as well? I haven't been around for some big splits like this so I'm curious what people think about this. [link] [comments]  |
| AMD back under $80 today, anyone buying the dip? Posted: 11 Aug 2020 10:06 AM PDT Wondering what you guys think. Did AMD go on too much of a run that it will trend down for a few weeks to bring it back to earth? Currently sitting at 78 and am tempted to get in. [link] [comments]  |
| How to Play IPO Debuts for Profit (repost without banned links) Posted: 11 Aug 2020 07:30 AM PDT The main reason I'm writing this, is because during last week's BigCommerce IPO, there were a lot of question on how to play the IPO once the stock hit the market, ranging from "When does the stock start trading", to "How much will it cost when it debuts", to "Why is the debut price so much higher than the stated IPO price?"... I made $20k on a $35 investment on BigCommerce (Turned $35k into $55k), and have now played 7 IPOs without a loss, but this was the first one I really nailed. I'm gonna go in depth on what I've learned over the past 4 years trading IPOs, and share with you a strategy that I really nailed down in the past few months. I'm specifically talking about buying an stock on the day of the IPO once the stock starts trading. For most of us who do not have substantial capital in our accounts, or whose brokers don't get access to many IPOs at the listing price, the best we can do is buy the stock once it is actively trading on the open market (the 'debut'). While it sounds pretty straight forward, buying a stock on the day of its IPO is rather tricky, since you don't know exactly when it will start trading, or at what price it will actually debut on the open market, and since the price often moves very quickly once it starts trading, you want to be able to buy in as soon as possible, especially for a super hot IPO - and there IS a way to get stock the minute it debuts on the market. To give you an idea of what you can accomplish - in the LMND, NCNO, and BIGC IPOs, you could relatively easily made about 50% on your money on each of these within a day of the IPO. IMPORTANT TO UNDERSTAND - not every IPO is going to soar, you need to be selective, you need to take precautions to limit your downside, and the goal here is to make the right moves on a stock that DOES take off once it debuts off it's IPO while not losing money, or at least limiting your losses, when the IPO is a dud. First, some quick background info to get everyone up to speed, since it does help to prepare you for playing the IPO the day a stock debuts trading: An IPO (Initial Public Offering) is the process by which a private company, often a startup, initially lists their company's shares for sale on the public markets. The purpose of this is typically for a company to raise money - they sell shares to the public and use the proceeds from those sold shares to grow their business. Another reason a company will 'go public' is so that employees, investors, and owners of the company can realize a capital gain (make money) from the stock they own/have earned as they founded and grew out the company. Traditionally, a company will hire established Investment Banks to promote their IPO to institutional investors (pension funds, hedge funds, etc), in order to build out a substantial base of buyers who will purchase the shares offered in the IPO. In the weeks leading up to the IPO, the company's executive team will meet with these investors and pitch their business in order to drum up support for the IPO, and these large investors will 'subscribe' to buy a certain number of shares within an expected price range, which is ultimately determined usually the day of the IPO. The day of the IPO.So going into the day of a major IPO, you know the range of the IPO price and you know the company will list that day, but you don't know what the debut price will be or when the stock will start trading, and this is your biggest initial challenge. I'm already assuming the stocks I want to use this strategy for are creating a pretty big buzz in the media and social networks, so my expectation is that they will pop once they start trading. This means that within a few minutes of trading, the stock will already likely have shot up a few dollars or more, so you really want to get in right away. KEY ENTRY STRATEGY: Set a LIMIT ORDER for a couple of dollars above the Ask Price of the stock, so you are ensured to get shares right when the stock debuts. You will need to keep an eye on the movement of the Ask price every 5 minutes or so until you see the price start to stabilize - since you don't know exactly when the stock will start trading, you're going to need to babysit this for as long as a couple hours: adjusting your Limit Order price according to the Ask price (there are apps that can show you this key info in real time). For example, the BIGC IPO price was $24, but the debut price started at $70 and then came down to $55 and bounced around a bit. So when the Ask price shows $55, you set your Limit Order for $57; when it goes up to $60, you adjust your Limit Order to $63. If you're like me, you're throwing all your available funds at this thing, so you need to adjust the amount of shares you want to purchase in relation to the price change. You really have to stay on top of this, because the price can swing pretty fast, and you want to optimize the number of shares you get. For those who don't understand Limit Orders: a Limit Order (BUY) is basically saying that you agree to pay UP TO $X.XX for the stock. At some point, the stock will just start trading. There is no real warning, although you can sort of get a feel for it when the swings in price start getting incrementally smaller. IF you kept your limit price above the Ask price, you SHOULD get bought in almost exactly at the debut price once the stock starts trading. If you managed to do this properly - great, for the type of IPO we're looking for, you got in at the lowest point possible. So that covers the first part - getting INTO your trade at the optimal price - for home run IPO debuts, the price typically goes straight up. +++ Okay, now I'm gonna stop for a minute and talk minimizing your loss potential for when a stock does NOT go right up off the debut. Not every IPO is gonna explode, and in order to be in position to capitalize on the ones that DO explode, you're probably gonna have to play a bunch of them that are duds or just don't rocket right off the launch ramp. For every LMND and NCNO there's a RLAY, QH, BLCT, and BLI. Granted, some of these turned out to be potential wins (BLI and RLAY), but not at the level of LMND/NCNO/BIGC - and a couple of them fell pretty significantly right after they IPOd. Even just last week, RXT did a nosedive which would have garnered a 20% loss or worse. The good news is, that almost all of these stocks experienced a slight bump in the first few minutes after they debuted. If I'm not incredibly confident in a stock, I'm gonna set a Stop Loss either right at my entry point or slightly below it. If it get's triggered, oh well, either no loss or a small loss, and I just accept that even if the stock recovers, at least I haven't lost money. The real winners with huge gains are usually obvious from the start. I'm gonna say this again just to make my point. Set your Stop Loss for whatever amount you feel comfortable losing, and do it right away. It's okay to lose a little. The home run plays don't do a big dip right out the gate - they run off pretty much straight from the starting line. You really don't want to be sweating it out while a stock dittles around the debut price for the day. One mistake I made with the LMND and NCNO IPOs was raising my Stop Loss amount as the stock popped. Had I simply left my Stop Loss at my entry point, it would not have been triggered at all, but raising it incrementally as the stock price shot up caused it to get triggered on a down swing before the stocks ultimately went far beyond the initial spike. The anatomy of the stock charts for the home run plays look very similar, particularly in the first 30 minutes of trading. A big jump off the debut price, with an initial spike. BIGC triggered two circuit breakers on the way from $68 to $93 before coming back down to the low $70s before climbing up to $103 the next day. LMND and NCNO followed similar paths. You might consider just selling out a portion or all of your stock on the initial spike, but for the real home run plays, you'll be leaving money on the table if you sell of the initial spike. HAVING A GAME PLAN Just as it's a good idea to set your Stop Limit to control your acceptable loss, it helps to define your expectations for what you envision as a 'win'. It's not easy to time these things to perfection, so if you have some idea as to how much you would be happy to walk away with, you can exit your position if/when your target is reached, and be happy regardless of what the share price does from there. For BIGC, $100 was my target, and I got out at $100.25. Once it went over $100 I set my stop at $100, and brought it up to $100.50 when it went to $101.00 - I got stopped out as it dropped back down from there. To clarify that strategy: once your target price is met, instead of just selling at Market Price, set a Limit Order and see if it runs a little, while raising your limit behind the price until you get stopped out. You can also sell out in phases to average out your exit point. While I don't normally do this, it is a sensible approach. I find that these stocks typically make a run at the end of the IPO day, and often push higher the next day. While there is no way to predict this for certain, remember that you're looking for the home run IPOs, and will inevitably play some dud IPOs along the way. The point is to NOT LOSE MONEY on the duds, while maximizing the value of the home runs. Knowing how to read candle style charts might help you define your exit point as well, but is by no means necessary. And another note: when you really nail it, you might consider holding onto a few shares of the stock - basically free stock - if you really believe in the company. For example, I bought in for 520 shares of BIGC @$68 and sold 470 shares @$100.25 (+$15,157.50), and kept 50 shares (@$100/share this would be $5,000). Edit: Since first writing this piece, BIGC has come down considerably, so the shares I held onto are worth a bit less: but they were essentially paid for out of the winnings and I expect this company to be valuable long term.Playing RKT the following day would have netted a pretty big win as well, but I was too amped to focus... something for me to work on as well. I'll be trying the same approach with BEKE, XPEV, and CVAC this week, with high hopes for DCT... Feel free to ask me any questions, play along, or give me further pointers on how I can refine my strategy. Best of luck! [link] [comments]  |
| Do you have difficulty taking profits? Posted: 11 Aug 2020 06:41 AM PDT I'm one of those but and hold dudes. Just lately I did take profit on peloton and Netflix along with a few other things but my gains on things like apple, Tesla and Facebook have been beyond the beyond. I was very close to selling some Tesla at 1,700 but didn't pull the trigger. In retrospect it would have been a prudent move. I'm looking at Apple, after holding for a number of years I'm thinking it would be a great time to sell maybe 20%, wait for Apple to get a haircut and get back in. But I've been saying that since it hit 380. It's this timing shit. [link] [comments]  |
| Tesla announces five-for-one stock split Posted: 11 Aug 2020 02:20 PM PDT
https://www.cnbc.com/2020/08/11/tesla-announces-five-for-one-stock-split.html [link] [comments]  |
| Tesla have announced a 5 to 1 stock split Posted: 11 Aug 2020 02:16 PM PDT Tesla announces five-for-one stock split https://www.cnbc.com/2020/08/11/tesla-announces-five-for-one-stock-split.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard [link] [comments]  |
| Virgin Galactic closing public offering Posted: 11 Aug 2020 01:05 PM PDT Can anyone explain to me what does it mean that "VIRGIN GALACTIC ANNOUNCES CLOSING OF PUBLIC OFFERING". So now I can't get more stocks? Basically, what does it mean public offering ? Sorry but I'm beginner:) [link] [comments]  |
| Posted: 11 Aug 2020 12:10 PM PDT With Jeff Bezos' recent testimony to Congress, with the chairman of the anti-trust committee making a speech on breaking up Amazon, and a popular documentary recently released on YouTube and PBS, "Amazon Empire: The Rise and Reign of Jeff Bezos" also attempting to paint Amazon as a monopoly. It seems that Amazon being broken up is a very popular idea. Even among both democratic and republican politicians. And people who for whatever reason despise Jeff Bezos and Amazon. How realistic do you think this idea is? Furthermore if it did happen what do you think would be the consequences towards share holders? [link] [comments]  |
| TSLA ANNOUNCED 5 for 1 STOCK SPLIT Posted: 11 Aug 2020 02:07 PM PDT Price after stock split should be under 300$. Expect massive movement in the next couple days similar to APPL. Statistically companies that do stock splits are outperforming the S&P500 almost all the time. Date : August 21, 2020 [link] [comments]  |
| Airbnb Plans to File Confidentially for IPO in August - WSJ Posted: 11 Aug 2020 10:13 AM PDT https://www.wsj.com/articles/airbnb-plans-to-file-confidentially-for-ipo-in-august-11597164041 Wall Street Journal sources say Airbnb will confidentially file IPO paperwork with the SEC later this month for a listing that could still happen this year. Thoughts on this move? Is Airbnb a buy? [link] [comments]  |
| Micron (MU) 2020 Year End annual report approaching Posted: 11 Aug 2020 09:27 AM PDT tldr: I'm a holder of MU and would like to know the communities feelings towards this stock. In 1 month, we should see Micron's 2020 annual report. The 2019 annual report was for the period ended August 30, 2019 and is available here: https://investors.micron.com/static-files/67180e49-d379-4675-a20c-9bdb7fa04d97 This was filed on September 26, 2019, so expect around the same time for 2020. Some industry comparison, MU hasn't hit the highs as other semiconductor stocks such as AMD, NVDA, TSM, QCOM, etc. Even moreso, MU has lagged the semiconductor ETF of SOXX: https://www.etf.com/SOXX?__cf_chl_jschl_tk__=c93ca818f148d91388954f7d5347f008ff472bee-1597159502-0-AXhcx8z7a5DTKkZYvPA6elpYQ2fkYEujR0gVP2zriuM9k9Ut_Tsbfqkcrmxc8mwxOViol2Qfz1TK7kJDiy3ouACz2kvyo7BQTAsbkcPqK2mz7Bnrn-PwUczXw3hAUyDl2MaHR3NdpNte1hW2Mc5uEJilA36zG_q8S6QWwdoNDbGni4O8F_m5pt2rLc-LMGJGrZMFdExuWTZ3HOFvd1IYagh92soNvn-g_jtPKhm6yoM-xnOrf9QLDTNInUMkUHVs4LvZT1XcuFUmYKlhLqPmmvZip5vvq_tV5AQqe6kdigX3P2J1uJRwwCQkVBeUJKU1RjEvxHlmCNMGOhiPW3vfP2k#overview I'm trying to understand why and this post tries to dissect it. Lets start by looking at their 2019 year end financials: https://investors.micron.com/static-files/67180e49-d379-4675-a20c-9bdb7fa04d97 In 2019, they had revenue of $23M with a COGS of $12M, posting a gross margin of $10M. The gross margin for MU seems to be consistent at between 57% and 43%. But its moving in the wrong direction, with gross margin getting lower, with 2018 gross margin being 57% and 2019 being 43%. And this was before COVID started to hammer the supply lines of all semiconductor companies. Their R&D spending has increased about 10% year over year into 2019. But their net income has cratered between 2018 and 2019, dropping from $14M to $6M. The stock moved from $50 to $43 between Sep 9 and Sep 23. Reflecting their bad numbers in that 10% decrease in stock price. Then from October 2019 to February 2020, we saw the stock rise to $58.50 from $43, a 40% increase over 4 months. I can't clearly understand why this stock rallied over that period, given that their Q1 numbers weren't that great. Their Q1 reports were filed on Dec 18 2019, and weren't that great. Their QoQ numbers were up, but their YoY numbers were down. Reading made it seem like 2020 would be another down year compared to 2019. I believe the stock price bounced up during that period because in Q1 MU did a share buyback program of 1M shares for $50M. They have 1.1B shares outstanding: https://finviz.com/quote.ashx?t=MU So perhaps this was the cause of the price increase over that time period. Since then, the has been hammered by COVID, with the price dropping to $35 before leveling off somewhere around $50. So adding up their quarterly numbers for FY2020, we see the following: FY2020 Revenue Q1 5.1M Q2 4.7M Q3 5.4M In FY2019, they had revenue of $23.4M. That means that in order to match their same revenue they would need Q4 to put up $8.2M of revenue. Looking at their numbers, this doesn't seem very likely. This means that MU will be posting a YoY revenue decrease of about 15% (20% between 2018-->2019, 10% from 2019-->2020). That doesn't look great at initial glance. Additionally, in their annual report, they claim that a threat to their business is the decreasing price of DRAM and NAND storage. They're seeing DRAM decrease in price by 30% and NAND decrease by 44%. This means that there is higher increased pressure to do business in volume since the lower selling price of their product is going to eat into their gross margin. We see this trend playing out as their gross margin in Q1, Q2 and Q3 has fallen in 2020 compared to 2019. Falling from 50% to 30%. This is probably whats eating into their operating income number. Looking at the quarterly reports, the main way that Micron makes a higher net income is through higher revenues, as they don't have much left to slash in their expenses. Where does that leave us in terms of quantitative analysis? Well, its looking like the revenue for FY2020 is going to be around 21B with net income being around 2.5B (these are projections using Q4 2019 numbers and FY2020 numbers so far). I'm not getting the EPS calculations right when I'm doing it, so I wouldn't trust this following section without verifying. But it looks like if the year end net income is targeted to be 2.5B with 1.1B shares outstanding, we're looking at a yearly EPS of 2.27 with quarter EPS of 0.72. Its unclear what analyst projections are, but these numbers are well below the expectations and performance of the previous year. This puts a price to earnings ration on MU at around 50, which may make it overvalued for the growth rates they're putting up. I could see MU sliding to a stock price of $40, or even $35 as a correction unless they can give confidence that they're back on the growth trajectory for year over year numbers. Comparatively, their QoQ numbers do look better and could offer some of this hope. The last component I'll add here is the qualitative assessment. Most of MU's blog and press details are focusing around 5G. Which could help them pull out of this current slump of sales. I'd love to know feedback on the future of MU and whether we have any MU holders going long on the stock. I'm holding a small portion, but looking at these numbers I'm tempted to exit with my modest gains and redeploy my assets elsewhere. [link] [comments]  |
| Do companies pay taxes when they dilute the shares? Posted: 11 Aug 2020 02:19 PM PDT Hello Suppose some company is trading at 10$ and has 100 shares. The company dilutes its shares to finance its activities selling another 50 shares for 10$ on the stock market. From this operation the company receives 50$ that are going to be spent on the expansion of its infrastructure. Are this 50$ going to be accounted on the net income? Does the company have to pay taxes on this 50$? And what is the opposite happens, the company is buying back its shares. Do the buybacks reduce the net income and allow the company to save money in taxes? Thanks. [link] [comments]  |
| Posted: 11 Aug 2020 01:22 AM PDT Quarterly Total Revenues reached RMB3,718.9 million (US$526.4 million) i Quarterly Deliveries of the ES8 and the ES6 were 10,331 vehicles Quarterly Vehicle Margin reached 9.7% Quarterly Gross Margin reached 8.4% [link] [comments]  |
| I'm surprised people are still selling off TDOC Posted: 11 Aug 2020 01:35 PM PDT Hop on if you aren't already in. Great long term value imo. With the recently merger acquisition and all. And throw in DGX while you're at it. If you need exposure to the healthcare / lab testing sector. [link] [comments]  |
| Posted: 11 Aug 2020 09:31 AM PDT Any ideas on why StoneCo is up so much today? Up 10% out of nowhere and I'm not seeing any news or reason for it happening. Apologies if I've missed something obvious. [link] [comments]  |
| Should I accept the RH buying restriction? Posted: 11 Aug 2020 08:36 AM PDT I've been holding BA for a while now and bought a few extra shares this morning. I'm comfortable cashing out and happy with the profits and would like to sell but I can't all because I bought a few extra shares this morning. I've already been marked as a PTD on RH and one more day trade will restrict me from buying. In your opinion is it worth it to be restricted from buying and move to a new broker? I'd rather not switch I'm using WB with only a small amount but I don't know how I feel about it [link] [comments]  |
| SDGR down about 25% from highs after mixed Earnings Report, New Share Offering Posted: 11 Aug 2020 10:19 AM PDT Just seeing if anyone else follows this drug-discovery biotech play backed by Bill Gates. Their post-IPO lockup expired August 4, and was followed by a new public offering of shares. Then earnings today weren't bad (44% YoY growth, slight EPS miss) but clearly not good enough to change the stock's momentum. Seems like a case of a ton of negative short-term pressure on the stock that could be a good long-term entry. FWIW Cathie Wood bought about 20k shares for her Ark funds yesterday; be interesting to see if she buys more today. [link] [comments]  |
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