Daily Advice Thread - All basic help or advice questions must be posted here. Investing |
- Daily Advice Thread - All basic help or advice questions must be posted here.
- JPMorgan Chase to pay record $920 million to resolve U.S. investigations into trading practices
- Thematic Investing ideas related to powerful new long-term trends
- Nikola shares slide after second sexual abuse allegation raises questions about GM deal
- What’s the chances of AAPL reaching above 140+
- Uber's plans to expand its food delivery business by acquiring Postmates have hit a roadblock. DOJ's "second request" puts the deal on hold indefinitely. The request signals it's concerned about the deal.
- Why buy 3M?
- Disney price target
- Top EV stocks to buy in right now
- A slight modification to EV/EBITDA formula, correct?
- Legacy Automakers into EV
- Stock buyback data
- The Big Short movie question
- Discrepancy in financial statements between different websites
- Drawing resistances when a stock reaches ATH
- Key Typo in NKLA Share Unlocking News
- Definition of "Insider Trading"?
- Why is there a difference in EPS depending on where you look?
- Renewables are a Race to the Bottom... Why invest in a business with such small margins?
- IPO: What are the chances?
- Sovereign CDS Market: The Role of Dealers in Credit Events
- To all Berkshire Hathaway fanatics, hardos, etc ...
- October reports: Ones that will exceed expectations
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 30 Sep 2020 05:12 AM PDT If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions. If you are going to ask how to invest you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! [link] [comments]  |
| JPMorgan Chase to pay record $920 million to resolve U.S. investigations into trading practices Posted: 29 Sep 2020 09:53 AM PDT Looks like a record fine for JPMorgan Chase who is accused of manipulating the precious metals and treasuries markets. "The order finds that, from at least 2008 through 2016, JPM, through numerous traders on its precious metals and Treasuries trading desks, including the heads of both desks, placed hundreds of thousands of orders to buy or sell certain gold, silver, platinum, palladium, Treasury note, and Treasury bond futures contracts with the intent to cancel those orders prior to execution. Through these spoof orders, the traders intentionally sent false signals of supply or demand designed to deceive market participants into executing against other orders they wanted filled. According to the order, in many instances, JPM traders acted with the intent to manipulate market prices and ultimately did cause artificial prices." Sources: [link] [comments]  |
| Thematic Investing ideas related to powerful new long-term trends Posted: 30 Sep 2020 03:36 AM PDT Thematic investing enables you to invest in long-term trends or themes. One of the key strengths of thematic investing is that it is far more concentrated when compared with regular or passive fund strategies. Mutual funds are usually comprised of 40–80 stocks in a portfolio. Thematic investing, on the other hand, focuses on a much smaller selection of stocks to capitalize on the full potential of a future growth trend. A basket or theme related to Palantir (PLTR) or data would be a powerful, long-term and sustained trend. Are there any other ideas that anyone would like to put forward? [link] [comments]  |
| Nikola shares slide after second sexual abuse allegation raises questions about GM deal Posted: 29 Sep 2020 10:56 AM PDT
There's absolutely no way GM can finalize this deal at this point right? [link] [comments]  |
| What’s the chances of AAPL reaching above 140+ Posted: 29 Sep 2020 10:47 PM PDT I bought aapl near the 132 mark like an idiot. I understand there financials are pretty solid and they have a few future growth catalysts such as expanding into India: the IPhone 5g phones, and their service bundles. But I am wondering if AAPL will ever become a 3 trillion company in the near future 3-5 years. And if it's still worth holding over a longer period of time. [link] [comments]  |
| Posted: 29 Sep 2020 06:42 PM PDT https://www.sec.gov/Archives/edgar/data/1543151/000155278120000499/e20497_uber-s4a1.htm Uber's plans to expand its food delivery business by acquiring Postmates have hit a roadblock. In a regulatory filing Friday, Uber disclosed that the US Department of Justice has issued a "second request" to both companies, temporarily halting the deal while the government gathers more information. Under antitrust laws, companies must wait, typically 30 days, to close a potential deal after informing the government of their plans. But if regulators believe the merger might harm competition, they can issue a second request to require the companies to provide more details about things like pricing, customers, and market share. "If you're at a second request, you're often concerned about the deal," Sam Weinstein, a law professor at Cardozo who previously worked in the DOJ's antitrust division, told Business Insider. "Some very small percentage of [merger] filings go to second request," he said. Other antitrust lawyers confirmed to Business Insider that agencies file second requests in fewer than 10% of proposed deals. That request effectively stops the clock on the Uber and Postmates deal until both companies "substantially comply" by turning over additional information to the DOJ, which Weinstein said "could be months and likely would be months." At that point, another 30-day waiting period kicks in, and then the DOJ can either go to court to block the deal, let it proceed, or come to an agreement with the companies to buy more time to investigate. Weinstein said the DOJ will likely ask for information from Uber and Postmates that could help it determine if there are any markets where there are "competitive overlaps" between the companies. "If Uber Eats competes with Postmates, maybe that's not a problem in New York City where there are a bunch of delivery services," he said, but it might be a problem in smaller markets "where they're the only two." While the DOJ's request doesn't indicate whether it will ultimately try to block Uber's acquisition of Postmates, it comes on the heels of the company's failed plans to buy Grubhub, which fizzled this summer, reportedly because lawmakers had raised antitrust concerns. DoorDash currently leads the pack with roughly 46% of total US monthly sales, followed by Uber Eats at 24%, according to Second Measure. Acquiring Grubhub, which has 21%, would have consolidated more than 90% of the food delivery business between just two companies, while Postmates controls just 8% of the market. Rep. David Cicilline, who chairs the House Antitrust Subcommittee, said at the time that Uber buying Grubhub would be a "new low in pandemic profiteering." But Weinstein said "litigation is probably the least likely outcome" with Postmates because regulators have more options to prevent Uber from becoming a monopoly in a specific city, short of completely blocking the deal. If there are only a few markets where buying Postmates would give Uber a dominant market position, Weinstein said the DOJ could force Uber to divest some of its contracts in those city — that is, give them to a competitor to keep the market balanced. With Grubhub however, that wouldn't have been an option. "If you have two pretty big companies that are pretty big in every market, you're just going to try to block that merger," he said. Uber has faced growing scrutiny from regulators and lawmakers about potential anticompetitive behavior, both surrounding its dominance of the ride-hailing business, where it has roughly 70% market share — more than double its nearest competitor, Lyft — as well as its growing presence in food delivery, which has skyrocketed during the pandemic (though not enough to offset ride-hailing losses). The company's core business model, which relies on avoiding significant labor costs by classifying drivers as independent contractors rather than employees, is also at risk of being upended in California, where a court has ruled Uber and Lyft are in violation of the state's gig work law, which makes it harder to classify workers as contractors. Uber, Postmates, and their competitors are currently bankrolling a ballot measure that would exempt them from that law. [link] [comments]  |
| Posted: 30 Sep 2020 12:27 AM PDT Hi guys can you tell me why are people buying 3M? The business model is great and I like it. The dividend is also fine but I see religious following of this stock while it has almost non existant appreciation over last 5 years (i know we look 20-30 years ahead but 5 years is still a long time). Is here something I'm missing? Are people buying the stock only for its dividend or are they pricing in future growth? Aren't there better deals on the market? [link] [comments]  |
| Posted: 30 Sep 2020 04:24 AM PDT Make your bull case or bear case, call your target. I can see this being a cost cutting measure on paper, also could be a political maneuver to get parks opened/ reduced restrictions, disney plus also has the mandalorian season 2 But I really see this as throwing in the towel in hoping that DL will be opening in the near future, I see this as disney goung into full survival mode. Your thoughts? [link] [comments]  |
| Top EV stocks to buy in right now Posted: 29 Sep 2020 08:25 PM PDT Hi all, just a friendly thread on the current EV market right now. Recently holding large cash holdings, would like your insights on which stock is the Best Buy right now. $NIO, $SHLL, $DPHC, $WKHS Would appreciate your thoughts and ranking out of these 4 stock picks. And why? Eg Merger, Up coming Contracts, Financials Ps: open to other EV,SPAC recommendations as well! Cheers [link] [comments]  |
| A slight modification to EV/EBITDA formula, correct? Posted: 30 Sep 2020 12:22 AM PDT Hi everyone! We know from the books that EV/EBITDA multiple can be used to compute equity value as follows:- Enterprise Value = Net Debt + Minority Interest + Equity = EBITDA \ EV/EBITDA* I came across a group of companies that does not prepare group consolidated accounts, hence Minority Interest value is missing. Thus I have came up with an alternative with a more 'ground-up' approach:- Enterprise Value = Net Debt (Attributable to effective shareholding%) + Equity = EBITDA (Attributable to effective shareholding%) \ EV/EBITDA* Attributable to effective shareholding % literally means by adding up respective subsidiaries' EBITDA or net debt and finally applied with its effective shareholding on each subsidiary. Does the formulae still hold true after modification? Are there any other alternatives to EV/EBITDA valuation without Minority Interest value? Thank you! [link] [comments]  |
| Posted: 30 Sep 2020 01:45 AM PDT Hi, I just read FCA is going to launch FIAT 500 electric this month, and looking into the characteristics and price it seems worse than model 3, especially for autonomy ( 320 km , up to 400 in cities). I still think FCA will sell a lot of them, because they have the saling infrastructures and you don't have to book the car an year in advance like Tesla. My question is what of the legacy automakers make good EV vehicles and are ready to convert their production in the future? I know Toyota is making good EV for example. I think the legacy automakers are spending a lot to catch up into the EV tech, and once they do they will take market share out of the new automakers like Tesla [link] [comments]  |
| Posted: 29 Sep 2020 10:39 PM PDT Is there a good way to obtain stock buyback information? Ideally automatically without paying a fortune. I don't have access to expensive tools like CapitalIQ or a Bloomberg terminal. I wouldn't mind paying a minor amount to some stock screener if it could really generate accurate data on share repurchase programs automatically. [link] [comments]  |
| Posted: 30 Sep 2020 04:20 AM PDT So I'm rewatching The Big Short again and I still have the same question I've never been able to answer. Where did Dr. Burry get the mortgage information in the first place? Was there a website that has all the information for all the bonds? I should also say that I never read the book so I am not sure it was addressed there. Does anyone know? Thanks [link] [comments]  |
| Discrepancy in financial statements between different websites Posted: 29 Sep 2020 11:30 PM PDT I'm just getting into investing for the first time and I'm having trouble reading the financial statement. I have been looking into Viacom for example but different websites give me different figures for the revenue. Here is an example I found for a large discrepancy in revenue for Viacom in 2019 when looking at yahoo finance and the 10-k. https://imgur.com/gallery/x01YK0g Is there something that yahoo finance is accounting for that the 10-k doesn't or is there something else going on here. Any advice will be greatly appreciated! [link] [comments]  |
| Drawing resistances when a stock reaches ATH Posted: 30 Sep 2020 02:29 AM PDT This might be a dumb question, but how can I predict when the next resistance will be when a stock price reaches its ATH? Apart from psychological resistances (e.g. when a price reaches a figure that's one digit higher) and analysts target prices, I wouldn't know how/where to draw the next resistance. It's the case for Sunrun and Xinyi Solar specifically. Should I just wait for price action to do its thing or are there any indicators that might help? [link] [comments]  |
| Key Typo in NKLA Share Unlocking News Posted: 29 Sep 2020 01:46 PM PDT https://www.nasdaq.com/articles/nikola-could-fall-when-the-pipe-lock-up-expires-2020-07-15 I have seen this article tossed around that seems to say that 7 million NKLA shares will be unlocked on October 1st. After reading through the article though, it appears all of the dates are calculated wrong. They constantly use June 3rd as the baseline date to calculate when these shares unlock. In the article it says "One hundred and fifty days after June 3 is Nov. 30." and "...it can sell another 7 million shares 90 days after the June 3 reverse merger. That date is effective on Oct. 1.", but those don't add up. They are all one month off. Either the NASDAQ article that is being referenced is using the wrong baseline date and it should say July 3rd, or all of these dates will occur about a month earlier than anticipated. Am I doing my math wrong? [link] [comments]  |
| Definition of "Insider Trading"? Posted: 29 Sep 2020 07:03 AM PDT So according to definition, insider trading is trading on any " material non-public information". My question is when does information legally become "public"? The reason I ask is because everytime I get a "breaking news" alert for something, such as on yahoo/cnbc/seekingalpha, etc, I always go look back a couple days at the stock price/options and notice it's been pumping (on good news) or dumping (on bad news) already for atleast a day or two, sometimes longer. So is there a time that things become "public", say for institutional investors to get in early trades at more advantageous pricepoints, but its still not "general public" at which point we retail investors are notified? EDIT #1: To more clarify what I'm asking, is there a certain legal thing that has to occur for it to become "public". What would prevent a company from posting something somewhere on a deep corner of their webpage or random twitter account/news org that no one knows where to look except privileged people. Legally the info it was online for public to see. Not their fault no one knew exactly where to look. Also, can companies slowly and deliberately release information? Say round 1 is to certain investors (big funds, institutional investors, etc), then after a while, release the news to finance news sites which take their turn posting to dark corner of their website, acting on it? Then once all the ducks are in a row, publish to front page and send push alerts to people phones? [link] [comments]  |
| Why is there a difference in EPS depending on where you look? Posted: 29 Sep 2020 09:27 PM PDT I have been looking into finding the EPS history for companies and found different values for EPS on the financial page of different platforms, yahoo, webull, morningstar, robinhood and from the company's financial statements themselves. For this i will use apple as my example: For 6/27/2020 Earnings (Diluted): Apple's 10-Q statement: $2.58 Robinhood: $2.58 Morningstar: $0.65 Webull: $0.65 Yahoo: $0.64 in the earnings chart & $0 In the income statement? Im pretty confused as to why there are two figures for the quarterly earnings? Any help is appreciated. Also if you know where I can find a chart of a company's earnings history, like a line graph that can be compared to the stock price, that would be amazing, thank you! UPDATE: I just remembered apple had a stock split and the differences are from some of the platforms not updating the eps to reflect that... I feel dumb haha, but if you know where I can find the EPS chart that would be appreciated, thanks! [link] [comments]  |
| Renewables are a Race to the Bottom... Why invest in a business with such small margins? Posted: 29 Sep 2020 03:44 PM PDT Everyone seems to think that renewables will one day (hopefully soon) simply replace Fossil Fuels and reap all of that sweet sweet oil money that used to go to people killing the planet. Except there is something completely wrong with this view.... Wind and Solar power are not commodities. They are everywhere. Lets look at a country like China. The 2nd biggest oil consumer in the world. They have virtually none of their own, so they need to buy it from companies that have it in other geographies and many other countries are in the same boat as China. This greatly increases the price of oil. If everyone had oil, it would be basically worthless. If we get rid of Oil and everyone is now using renewables, why exactly would the US, India or China import electricity? The only reason we see the US import any electricity to today is because it helps both countries balance their grids. Why would they import any additional electricity from other regions instead of simply producing their own? Same thing with China, India and every other global energy consumer? So any sort of expectation that renewables will enjoy the same margins that Oil companies enjoyed for so many years, goes out the window. That's the crux of the issue for renewables. They are not like fossil fuels in any way because there is no Moat. There is no defendable advantage. Any region can supply themselves with some form or renewable electricity as long as someone has the money to build a plant and any competitor can attempt to set up shop right next door. Wind and Solar aren't tradeable commodities or defendable businesses, they're every basically every where. It's naturally, a race to the bottom and one that will only increase as the technology improves and the dependence on a public grid is reduced (think every house generating enough electricity for their own needs). I was shocked to see that there isn't much discussion about this out there right now as most people look to how cheap renewables are compared to Fossil Fuels but completely ignore profit margin. I've found many articles talking about "solar being the most profitable" but A) Never with a source to that claim (so if you have one please share) and B) Never addressing whether or not that profitability is defendable as renewables take over and electricity prices fall. Here are some links talking about the margins for renewables that I was able to find (only looking at recent articles) but as reliable sources for a good discussion, they aren't the best: Shell preparing to enter low margin renewable space (just a passing reference): https://www.cbc.ca/news/canada/calgary/shell-cost-cutting-review-1.5732392 Race to the bottom for Renewables and LNG: https://www.kbc.global/insights/blog/are-wind-and-lng-in-a-race-to-the-bottom/ Another article talking about renewables racing to the bottom: https://www.greentechmedia.com/articles/read/wind-and-solar-profits-the-battle With that all said, what are your thoughts? I feel like renewables are not a great space to be invested in but I'm no expert. It's an industry ripe for disruption before it even takes off. [link] [comments]  |
| Posted: 29 Sep 2020 08:28 PM PDT Assuming it's a good idea, which is obviously debatable and not the point, what are the chances that a small time investor, using something like Ameritrade, can get a bite of something like tomorrow's Palantir IPO in time to take advantage of a potential run-up? Is this just totally boxed out by the pros and bots? [link] [comments]  |
| Sovereign CDS Market: The Role of Dealers in Credit Events Posted: 29 Sep 2020 03:19 PM PDT Posting this fully aware that most people will not read it, still it's quite interesting that research shows a very different CDS environment then one would think given popular sentiment.
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TLDR: read the quoted stuff, at a bare minimum. [link] [comments]  |
| To all Berkshire Hathaway fanatics, hardos, etc ... Posted: 29 Sep 2020 07:45 AM PDT First of all, so am I. I'm convinced that I must attend a shareholders meeting before Buffett leaves us for good. My question to you is (which I'm sure you've heard already, it'll just be in a different form) how do you feel about Ajit and Greg running Berkshire? Are their performances worthy/capable of growing and managing Berkshire well? *yes I am aware that Buffett has done his part to prepare Berkshire for after his time, my question is more about the execution [link] [comments]  |
| October reports: Ones that will exceed expectations Posted: 29 Sep 2020 03:19 PM PDT Lots of companies releasing quarterly reports in october. With covid making financial harder to predict, who do you think will exceed expectations? Im very sure UPS will have earnings significantly higher than projections. They have benefitted greatly from the pandemic and nothing the past quarter will have slowed that momentum. Fedex completely beat their expectations and I looking at UPS estimated earnings, looks to me like their moment has not been fully priced in yet. Everything Amazon does benefits covid. Cloud, online shopping and streaming. Their projected eps is a good amount lower than previous quarter and I cant think of anything justifying such a decrease. Semiconductor I find hard to analyze. Intel i am curious about. Their biggest revenue sources about 40% comes from Dell Lenovo and HP which have all had a good rally since the crash. Market is way too bearish on intel so the bar is set low. Tesla: I have no idea. Cannot wrap my head around them, too unpredictable. Hopefully they underperform so i can buy them cheap for long term. Who else? [link] [comments]  |
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