Stocks - r/Stocks Daily Discussion & Fundamentals Friday Aug 07, 2020 |
- r/Stocks Daily Discussion & Fundamentals Friday Aug 07, 2020
- Buy AAPL in front of 4:1 stock split. Stock splits add 8% in first year following split.
- Buy? - Toyota expects profit to drop 80% this year as virus saps car sales
- Don't "Fall in Love" in One stock
- For those of you with Apple shares held in a fidelity account, they are not liquidating partial shares in the split
- Fastly and Data Dog
- For those who missed the run in $TWLO
- Fastly - Some Myths Cleared Here
- FSLY holders, is it time to panic or just hold long term?
- $ATVI: COD Mobile has over 27,000,000 pre-registered players in China - Aims to launch in a month
- I went from +$4400 to +$400 mostly due to 1 stock that I greeded in June
- Bought RKT stock at $26.50...
- July Jobs Report: +1.76 M jobs, unemployment drops to 10.2%
- Guardant Health ($GH) - First FDA-Approved Liquid Biopsy for Comprehensive Tumor Mutation Profiling Across All Solid Cancers!!
- Is it time we expand size classifications?
- DraftKings extends its MLB rights in daily fantasy
- Buy AAPL as a forever hold now or wait?
- If holding long term, is TQQQ a better option than QQQ?
- Laugh at my expense (LVGO)
- What are your favorite subreddits for growth stocks or stocks in general?
- Good time to invest? Extended unemployment, stimulus, inflation?
- Why you have to look beyond the balance sheet: A Cautionary Tale
- Warren Buffett's best-performing stock over the past 3 months isn't Apple or Amazon. It's a luxury furniture company.
- Thoughts on Enphase and microinverters/renewable energy sector?
- TDOC/LVGO advice
| r/Stocks Daily Discussion & Fundamentals Friday Aug 07, 2020 Posted: 07 Aug 2020 01:07 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on fundamentals, but if fundamentals aren't your thing then just ignore the theme and/or post your arguments against fundamentals here and not in the current post. Some helpful day to day links, including news:
Most fundamentals are updated every 3 months due to the fact that corporations release earnings reports every quarter, so traders are always speculating at what those earnings will say, and investors may change the size of their holdings based on those reports. Expect a lot of volatility around earnings, but it usually doesn't matter if you're holding long term, but keep in mind the importance of earnings reports because a trend of declining earnings or a decline in some other fundamental will drive the stock down over the long term as well. See the following word cloud and click through for the wiki: If you have a basic question, for example "what is EBITDA," then google "investopedia EBITDA" and click the Investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. Useful links:
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Buy AAPL in front of 4:1 stock split. Stock splits add 8% in first year following split. Posted: 07 Aug 2020 08:58 AM PDT Critics argue that stock splits are non-events, that splitting a $400 stock 4:1 results in 4 shares trading at $100 each. Research shows splits add value. An Aug 2003 study at the Univ Illinois found that stocks that split beat the market by 8% in Yr 1, and by 12% in Yr 3. Why do stock splits work? - Draws attention to the stock's past success (momentum) - Tend to be followed by increased earnings and dividends (signaling) - Attracts new investors who couldn't afford (broadens base) I continue to buy AAPL in front of its 4:1 split on August 31, up to $480. [link] [comments]  |
| Buy? - Toyota expects profit to drop 80% this year as virus saps car sales Posted: 07 Aug 2020 05:17 AM PDT Toyota Motor on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles. Global automakers have begun to gradually resume operations factories after curbs on public movement prevented workers in many countries from commuting. But they face weak demand as job losses and concern about an economic downturn weigh on consumer spending. "The coronavirus has dealt us a bigger shock than the 2008 global financial crisis," Toyota President Akio Toyoda said at a live-streamed media briefing. "We anticipate a big drop in sales volumes, but despite that, we are expecting to remain in the black. We hope to become a leader of the country's economic recovery." Toyota forecast an operating profit of 500 billion yen ($4.66 billion) for the year through March 2021, down 80% from 2.44 trillion yen in the year just ended. That would be its weakest profit since the 2011/12 financial year. [link] [comments]  |
| Don't "Fall in Love" in One stock Posted: 07 Aug 2020 07:52 AM PDT NET is mentioned a lot on here (there were numerous posts about the earnings yesterday), as is Telsa. Just remember there are thousands of stocks on the market. Zillow killed it yesterday and not one mention. Sorry: With One Stock. [link] [comments]  |
| Posted: 07 Aug 2020 08:13 AM PDT I just spoke with a representative who let me know that partial shares would be calculated in the split! [link] [comments]  |
| Posted: 07 Aug 2020 08:20 AM PDT I've been seeing alot of talk about wall street not being as high on tech. Recent plummets in Fastly and Data Dog have been fairly large. Fastly fell from 117 to 80 and Data Dog fell from 95 to 79. I have Fastly at $90 and I know 12% of their revenue comes from TikTok but they also have customers like Shopify, Pinterest, GitHub, Slack, Tickmaster to name a few. Bottom line, do you see a recovery in the near future for these companies? [link] [comments]  |
| For those who missed the run in $TWLO Posted: 07 Aug 2020 06:55 AM PDT If you missed the massive run in $TWLO, you might want to take a look at $KLR.....smaller version of the same strategy trading at less then 1/10th of the valuation. A great pure play and even an acquisition candidate for the big boys as they have a lot of abilities in the banking industry. [link] [comments]  |
| Fastly - Some Myths Cleared Here Posted: 07 Aug 2020 03:11 PM PDT I am seeing a shit load of new treads discussing the following-
So I will clear up a few myths just in case. Fastly is a CDN provider, which allows their clients to host their website on Fastly's servers. Fastly's business model is catered towards large enterprises that are looking at fastest (thus the name!) cold start time, i.e. time it takes to load a webpage on mobile/PC. Here are a few of their clients-
Notice first that their clients that are booming right now are very likely to continue booming for the next year or so. Once we are done with Covid (that is if), revenues will switch to clients in hospitality business, which typically have a strong business during normal times. Fastly's USP is fastest cold start time, i.e., it is the best CDN in the market which allows the visitors on their client's website to load the webpage/apps faster than anyone else in the market right now. Why is this USP so important--well there are a few reasons why Fastly will continue to have higher growth rate. I have noted a few down below-
Influence of Tiktok on Fastly's revenue Certainly one of the most important question that needs to be addressed because Tiktok constitutes 12% of the revenues. With the stock dropping like a rock after ER and then earnier today after Donny decided to ban it after 45 days, looks like a lot of the uncertainty is already baked into the price at this moment. Those who were uncertain unboarded the train today. That point is the exhaustion point where bulls come in and drive the stock higher (e.g., Chegg today). I personally feel that Tiktok MSFT should be a done deal and they are waiting to announce this sometime this month. I am neither an insider nor do I happen to know the actually outcome. However, I do follow hedge fund option sentiment and I have noticed bullish calls inflow for MSFT this past couple days. While I am a peasant who is not connected to anyone involved with the deal, I am sure some of these whales are aware of the decision, which is part of the reason for that bullish call inflow for MSFT. Should you dump FSLY or not? Entirely up to you but I see a lot of growth in this company. Fundamentally, nothing has changed in how they operate. The company gave an upward guidance and that drives the stock in forward direction. Some sellers left the ship because a lot of RH investors have not seen losses in their life or some are not even aware of the potential of this company, except it became a meme stock lately and FOMO drove a lot of noobs in FSLY train. It is always better to curtail losses. If you trust that they will continue to bring in revenues, I would dollar cost average on every dip. This ensures your average cost of the share is reduced significantly with any dip. Most fund managers actually add stocks to their funds when the stock is sitting at 30 day MA. Fastly had such a quick run up that the 30 day MA kept moving. All of that being said, I think it may rest for some time before beginning the next leg up. That could be a week, 2 weeks, or a month but you will have to be patient if you do not want to loose money. However, never panik sell on a red day because that is literally the day people like me buy from people who are selling. Would Monday bring a ray of light and we open green- No one knows what happens but I would continue to DCA on every 5% drop. I remember when Square dropped a couple years ago, I kept DCAing and here I am sitting on gains. I hope this helped convince some of you. [link] [comments]  |
| FSLY holders, is it time to panic or just hold long term? Posted: 07 Aug 2020 11:17 AM PDT As the stock has been dropping constantly for the past 2 days, are you selling it or holding onto it knowing that it possibly will be going back up in the next earnings? [link] [comments]  |
| $ATVI: COD Mobile has over 27,000,000 pre-registered players in China - Aims to launch in a month Posted: 07 Aug 2020 04:11 AM PDT Just checked their Chinese site. It shows over 27,000,000 pre-registrations now. Just to compare, Blizzard has 30m MAUs in total. [link] [comments]  |
| I went from +$4400 to +$400 mostly due to 1 stock that I greeded in June Posted: 07 Aug 2020 07:15 AM PDT Just wanted to share my fuckup from a newish investor. I was making a lot off of 1 company and then I decided to put more back into it because I saw it going up. I put close to $5000 into it at $2.95 a share. As soon as I did the second crash happened. I just ended up selling it for $1.70 a share so I could invest in other shit. What hurts the most is I had offer to sell for $2.97 and it got to $2.96 at one point so I was a penny off from not losing bank... [link] [comments]  |
| Posted: 07 Aug 2020 12:42 PM PDT Saw this stock all over wall street bets and decided to yolo all my money into it when the market opened today. FML I bought at an ATH. I am a very new "investor", well rip my student loans. I dunno of it will every exceed that value again. Now I'm debating whether to hold the stocks or sell it because it could either go up or down next time the markets open and my university starts soon... [link] [comments]  |
| July Jobs Report: +1.76 M jobs, unemployment drops to 10.2% Posted: 07 Aug 2020 06:12 AM PDT The 1.76M jobs surpasses some expectations from analysts (1.48M). However, 22M jobs were lost in March and April, and there was only a 4.8M jump in jobs in June. Some fear that momentum has slowed as we are going through a spike in cases throughout some states in the U.S. All of this happening while stimulus talks are continuing to stall in the backdrop. [link] [comments]  |
| Posted: 07 Aug 2020 12:17 PM PDT REDWOOD CITY, Calif., Aug. 07, 2020 (GLOBE NEWSWIRE) -- Guardant Health, Inc. (Nasdaq: GH) announces that the U.S. Food and Drug Administration (FDA) has approved Guardant360® CDx for tumor mutation profiling, also known as comprehensive genomic profiling (CGP), in patients with any solid malignant neoplasm (cancerous tumor). The Guardant360 CDx is also approved as a companion diagnostic to identify non-small cell lung cancer patients with epidermal growth factor receptor (EGFR) alterations who may benefit from treatment with Tagrisso® (osimertinib). Guardant360 CDx offers patients and clinicians a simple, faster blood test to help inform personalized treatment options. The Guardant360 CDx FDA approval was based on clinical and analytical validation data from over 5,000 samples. In a retrospective analysis of data from pivotal phase III clinical trials, FLAURA and AURA3, non-small cell lung cancer patients identified for treatment with Tagrisso (osimertinib) using the Guardant360 CDx demonstrated progression-free survival rates consistent with those identified using traditional biomarker testing. Since being introduced as a laboratory developed test (LDT), the Guardant360 liquid biopsy LDT has become widely accepted for blood-based CGP with more than 150 peer-reviewed publications.1 It has been used by more than 7,000 oncologists nationwide, and more than 150,000 Guardant360 tests have been performed to date. The test is broadly covered by Medicare and many private payers, representing over 170 million lives. "The FDA approval of Guardant360 CDx is a landmark decision, demonstrating the value liquid biopsy delivers to oncologists and more importantly, the patients they treat. Traditional tissue biopsy-based tumor profiling, which is often invasive and has longer turnaround times, can contribute to delays in starting treatment and possibly suboptimal therapy. We applaud the FDA for their collaborative review process and for approving the first comprehensive genomic profiling liquid biopsy test," said Helmy Eltoukhy, Guardant Health CEO. "We are confident that our FDA approval will help accelerate wider adoption of guideline-recommended genomic profiling, increase the number of advanced cancer patients who receive potentially life-changing treatments, and pave the way for new companion diagnostic developments for the Guardant360 CDx." [link] [comments]  |
| Is it time we expand size classifications? Posted: 07 Aug 2020 08:03 AM PDT Small, mid, and large don't really provide decent resolution on relativity between companies these days. The difference between most small caps and bottom end of large cap is nothing between the difference between bottom of large cap and top of large cap. I think it's time we call 500B+ super cap, and get some new indexes. [link] [comments]  |
| DraftKings extends its MLB rights in daily fantasy Posted: 07 Aug 2020 05:11 AM PDT "Prominent Massachusetts-based gaming company DraftKings has signed a multiyear extension with Major League Baseball to remain the league's official and exclusive daily fantasy sports partner. The new agreement continues a relationship that began in earnest in 2013 when the league purchased an equity stake in DraftKings. That move was followed by a five-year daily fantasy deal covering the 2015-19 seasons, and an additional pact last year that added in authorized MLB gaming rights to take advantage of the United States' legalized sports wagering landscape. MLB's equity stake in DraftKings was sold in early 2019, roughly a year before the company went public amid a three-way merger. But the new daily fantasy extension provides another window into the still-close tie between the two entities. DraftKings will receive increased content rights from MLB and use of league and team logos in promotional marketing, expanding upon existing use of league images and video in the company's daily fantasy games. DraftKings will also offer a series of exclusive experiences such as on-field viewing of batting practices and trips to MLB jewel events that will be deployed once the Covid-19 pandemic eases and fans are allowed back into games." https://www.sportbusiness.com/news/draftkings-extends-its-mlb-rights-in-daily-fantasy/ [link] [comments]  |
| Buy AAPL as a forever hold now or wait? Posted: 07 Aug 2020 02:12 PM PDT I've been watching for a while now and something keeps me from pulling the trigger. At $445, is this a decent time to hop on? The 4:1 is pulling my interest. I'm new to all of this, but I want AAPL to be my "buy and hold forever" for a lack of better words. I appreciate any help. This will be my largest % in my portfolio, pls don't attack, I'm new :) [link] [comments]  |
| 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. [link] [comments]  |
| Posted: 07 Aug 2020 03:17 PM PDT I doubled down on LVGO literally the day before they were bought out by TDOC... it's down 14%... enjoy a good laugh on me boyzzz... looks like I'm gonna have to ride this one [link] [comments]  |
| What are your favorite subreddits for growth stocks or stocks in general? Posted: 07 Aug 2020 06:19 AM PDT So far I have r/stocks, r/investing, r/smallstreetbets, and r/wallstreetbets for the humor, but I want to find more. Any resources out there would help to give me ideas on new valued stocks for my portfolio, also to widen my span of stocks to research. [link] [comments]  |
| Good time to invest? Extended unemployment, stimulus, inflation? Posted: 07 Aug 2020 01:29 PM PDT I know stocks are at an all-time high, but even if these companies are not making as much money, i feel like stocks are only going to go up from here... Trump / Congress are all on-board with another $1200 stimulus, and fighting over an extension of unemployment. (All three sides want unemployment extended, they are just fighting over whether it should be lower than $600/month) Keep in mind this is $600 "bonus" over normal unemployment which is typically around $200-500/m Now, I know a lot of people are using this money on bills, some are blowing it on goods & services, but theres a good portion of them throwing it into stocks or savings. If this continues, I don't see a stop in how high stocks will go, and tbh its just causing a wider gap between rich and poor. What do you think? Should I dump 50% of my savings into big-name stocks? (also been buying collectibles as I've seen them rise in price) [link] [comments]  |
| Why you have to look beyond the balance sheet: A Cautionary Tale Posted: 07 Aug 2020 09:40 AM PDT For almost 7 years I was a dyed in the wool value investor. I did very well. As I would look back on stocks I passed on investing over the years I saw many of them went to zero or close to it. So, I got the bright idea of using LEAP put options on companies I would never go long on. I started in the casino, hotel, and resort space. I spent two weeks one by one researching and then ranking each company based from strongest to weakest on all the metrics and benchmarks Graham talks about in the Intelligent Investor (interest coverage, what their bonds yielded, working capital, credit rating, etc.) My goal was to find the absolute weakest company in the sector/industry. A company with an atrocious balance sheet that was barely surviving. In my mind I thought it would be the perfect one to bet against. I found it. It was Penn National Gaming (PENN). They ranked number one as the weakest company. They have billions in debt, negative working capital, negative tangible book value, and not enough money before tax to cover the interest payment. They have had to continually issue new shares and dilute their stock. Their current shares outstanding are 200% higher than they were 4 years ago. PENN reached a low of $3.50 during the March crash. When I finished my research it was at $28. My thesis was that with the company being in such horrible financial shape and their casinos being closed for so long would take the stock back down and potentially make the company file Chapter 11. Even if their casinos reopened I did not think that they could survive on a fraction of their former traffic. With all that in mind it seemed like it was possible for the stock to go back to what it was in March. I had such conviction I invested $1,000 in puts with a $3 strike that expire in January. I made one big mistake. I didn't know about Dave Portnoy when I initiated my position. I didn't think Barstool could generate enough revenue to save them. Dave Portnoy is the equivalent of Elon Musk in the sports world. Just like Elon's tweets move Tesla Portnoy has been able to move PENN. I don't blame him. I just made the mistake of overestimating the influence one person can have on a stock. Today the stock is worth $49. I bought my puts when stock was at $28. I'm down 70%. The money I lost does sting, but it doesn't bother me. I went in knowing I could lose it all or make 42X my money. I saw it as an asymmetric bet. But, at 24 years old this lesson will stick with me the rest of my investing career. Look beyond the balance sheet [link] [comments]  |
| Posted: 07 Aug 2020 08:56 AM PDT https://www.businessinsider.com/warren-buffett-best-performing-stock-rh-not-apple-amazon-2020-8 Warren Buffett's best-performing stock over the past three months isn't Apple or Amazon. The billionaire investor and Berkshire Hathaway CEO's biggest gainer is Restoration Hardware, a luxury-furniture seller whose shares have more than doubled in value since the start of May. Buffett's second-best performer over the period is StoneCo, which has soared more than 80%. [link] [comments]  |
| Thoughts on Enphase and microinverters/renewable energy sector? Posted: 07 Aug 2020 11:06 AM PDT Been looking to dive into renewable energy for some time now, so I took a look at the top 10 RE companies in terms of market cap. Enphase fit my price range for being able to buy multiple shares so I started looking more into them. They've seen an unprecedented increase in stock price over the last year, which gives me some "too good to be true vibes". That being said, I'm aware that they're the primary distributor for microinverters globally and they've beat EPS over the last 5 quarters. So it's not exactly looking like they're run incompetently. I'm quite bullish on Enphase and will be looking to invest here in the coming week. However, I'd love to hear any further advice/discussion/bearish thoughts in order to temper any wild expectations. [link] [comments]  |
| Posted: 07 Aug 2020 02:50 PM PDT Hi all, I'm pretty new into stock trading and would like advice on the Teladoc/Livongo merger. I own shares of each company and got in at a great price, now both stocks have tanked since the merger and I'm wondering how do these types of mergers affect stock prices in the long term? Would also appreciate if anyone has any examples of previous mergers so I can do more research. Thanks! [link] [comments]  |
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