Stock Market - Here is a Market Recap for today, Wed Sept 30. Enjoy! |
- Here is a Market Recap for today, Wed Sept 30. Enjoy!
- The Stock Market Is Not the Economy
- GM not expected to close today with NKLA.
- Market Wizards Book Overview
- Trying to diversify my portfolio....
- New here. How to start?
- How do you take profits as a long term investor?
- Beginner Help Needed
- JP Morgan sees 10% upside to SnP 500 by next September, with a predicted value of 3750
- Does the stock market always starts up in the morning and goes lower during the day?
- Watchlist: 9/30 Debate, Electric Vehicles & Charging
- Credit Spreads ATM with longer DTE?
- Water Agriculture and Transport Stocks/ETFs Proposal
- FAA Chief gives briefing after piloting Boeing (BA) 737 MAX test flight (Live News Link)
- Question about FDA approval plays and limit orders
- Getting into stocks
- Big Bets!!!
- beginner investment
- Disney, Shell - Layoff Avalanche INC ?
- stupid question about researching the history of stocks and indexes
| Here is a Market Recap for today, Wed Sept 30. Enjoy! Posted: 30 Sep 2020 01:33 PM PDT PsychoMarket Recap - Wednesday, September 30, 2020 Stocks traded higher throughout the day before pulling back steeply in the last hour of trading in another extremely volatile day. While major benchmarks are up around 4% in the last five trading days, intraday volatility has been extreme, making options trading difficult. Traders weighed a wild presidential debate and developments among Congressional lawmakers for further fiscal stimulus. Stocks recovered in the last 20 minutes of the market, capping off an extremely volatile final hour. The Nasdaq (QQQ) finished the day 0.68% up, the S&P (SPY) finished the day 0.59% up, and the Dow (DIA) led the day finishing 0.99% up. Yesterday's presidential debate between Pres. Trump and Joe Biden proved to be an extremely contentious affairs, with Trump frequently interrupting both Biden the moderator, Chris Wallace who could not control the candidates, and a slew of highly personal attacks from both sides. The Guardian branded the debate 'a national humiliation'. With the election in 36 days, analysts expect volatility to increase as November 3rd gets closer. Tom Lee, managing partner at Fundstrat Global Advisors, said "I think markets are really nervous into those 36 days [before the election] and one of the things we have to think about is, when does nervousness price in the worst is yet to come? When do you think the worst is priced in? There's $4.3 trillion in cash on the sidelines. I don't think in the history of any financial market in the world do you ever have a top when there's 20% of the equity market sitting in cash. Investor cash — that's excluding the private equity cash, the record cash held by corporates too. So you've got tons of dry powder. People are bearish." The election comes against a dire economic situation, especially in the labor, with major corporations recently announcing new rounds of job cuts. Disney (DIS) announced it was slashing 28,000 jobs in their theme parks, cruise line, and retailers. Shell (RDS) announced it was cutting 9,000 jobs as the pandemic has affected the demand for oil. According to CNN business, tens of thousands of airline jobs could be lost as soon as tomorrow, as a federal prohibition on job cuts in the industry expires. Airline executives say they are prepared to keep workers only if Congress approves $25 billion in grants. Congressional lawmakers and the Trump administration are attempting to come to a deal in the near-term to provide additional fiscal relief to the families and small businesses that are struggling in the pandemic. House Democrats are pushing forward with a new $2.2 trillion proposal as speaker Pelosi and the White House make a final attempt to strike a deal before the election. Today, Pelosi and Mnuchin were unable to strike a deal after a 90-minute meeting. The pair said they will continue discussion as they continue to work to craft legislation that could pass both Houses of Congress. House Democrats are holding a vote on their plan today, a largely symbolic gesture as McConnel has already opposed the plan. Republicans are rumored to have a $1-1.5 trillion ceiling for any new relief legislation. Highlights
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| The Stock Market Is Not the Economy Posted: 29 Sep 2020 08:48 PM PDT One of the main reasons why stocks fail to reflect the economic conditions experienced by most of us is the increase in stock buybacks. Companies often push up stocks in partial and arguable ways to increase the value of their management stock options by buying shares on the open market. The 2018 tax cuts initiated by Trump led to inflows of company cash, which is usually used to buy back shares. Therefore, there is no connection with the economy, but cash is swaying in the company's warehouse. The market is often seen as a rational indicator of the current and future economy. President Trump often brags about his success as a proof of economic strength. But this idea that the market is an indicator of the future and is closely linked to the real economy is a myth in most cases. The market is usually very irrational, otherwise we would not collapse. The market needs a stimulus plan. The current COVID-19 uncertainty and stimulus measures, and because high-tech companies are very likely to have false hopes, stock prices are soaring. The stock market is often completely wrong. This is based on the economic conditions of the pandemic, so there is a historical, huge new layer of uncertainty. [link] [comments]  |
| GM not expected to close today with NKLA. Posted: 30 Sep 2020 10:14 AM PDT Although they seem to be still prepared to take their stake just not at present. [link] [comments]  |
| Posted: 30 Sep 2020 02:55 PM PDT Definitely check out the book Market Wizards by Jack Schwager if you're interested in trading psychology or mindset. It's definitely helped me make better trades. Here's a link to a video about the book: https://youtu.be/L8HMQu6DHwE [link] [comments]  |
| Trying to diversify my portfolio.... Posted: 30 Sep 2020 12:04 PM PDT Trying to diversify my portfolio, anybody got any recommendations. Preferably below $100. I'm mostly invested in solar technology right now but want to spread out to different industries. Lmk [link] [comments]  |
| Posted: 30 Sep 2020 05:11 PM PDT Hey! Even though I understand the logic behind stock market trading, I lack any experience or knowledge on how to actually do something. For example, could anybody recommend where to open a brokerage account I can use to buy, sell, and keep stock? I was recommended Ameritrade, but I don't know if there is any other one that's better or that you guys simply prefer. Only thing to keep in mind would be that I would need a brokerage account accesible to non resident. I do not hold an american citizenship, nor a residentship. Sorry if this has been asked before, I'm fairly new to reddit as well. Thanks!! [link] [comments]  |
| How do you take profits as a long term investor? Posted: 30 Sep 2020 06:26 AM PDT Do you sell your entire position? Or do you sell only the amount of profit you made? So say you made $2k profit, do you only sell $2k worth of shares? I just got in the game a couple of months ago so just trying to figure out what's the best way to take profits. I see a lot of when you reach 20% to 25% gains, that is when one should take profits. [link] [comments]  |
| Posted: 30 Sep 2020 03:56 PM PDT I recently set up a Brokerage cash account with Webull and I deposited some money to play around with, but I'm scared to buy anything because I've seen all of these horrifying videos on day trading of people losing their life savings which scares me and I'm not even sure if that's what I'm doing or not. I just need someone to explain the rules to me and explain what open and closed hours are and like how long I have to wait before I can sell a stock. Like for example, if AAPL jumps down 1% can I buy it then 30 minutes later if it's up a slight amount sell it? How does this work? All the YouTube videos do a terrible job of explaining stuff like this. [link] [comments]  |
| JP Morgan sees 10% upside to SnP 500 by next September, with a predicted value of 3750 Posted: 30 Sep 2020 02:34 AM PDT "The private bank forecasts that the S&P 500 would rise to between 3,500 and 3,600 points by the end of this year and then 3,750 by September 2021, representing a potential 10% rise from its last close at nearly 3,352 points. "We think certainly that the U.S. markets can make new highs over the next 12 months … we still think the earnings picture for the U.S. corporate is very strong … and also it's that broader economic backdrop when we look at equities relative to other asset classes." [link] [comments]  |
| Does the stock market always starts up in the morning and goes lower during the day? Posted: 30 Sep 2020 02:15 PM PDT Monitoring the stock market daily I noticed that usually stocks go up a lot during early hours and then decrease and stabilize during afternoon. Is that a normal thing or it's just random? This means that someone should always buy in the afternoon to get discounts? Edit: someone thought it's a strategy, I'm not at all a day trader and I don't plan to buy or sell stocks because of this. [link] [comments]  |
| Watchlist: 9/30 Debate, Electric Vehicles & Charging Posted: 30 Sep 2020 05:29 AM PDT Market Notes: The presidential debate was last night. Not sure what was said. No real change in anything after that shouting match. Both candidates mentioned electric vehicles. Biden promised to build 500k charging stations. I'll keep an eye on BEEM and BLNK if he wins. Futures are lower this morning. We could see continued selling after markets failed to make any significant gains yesterday. Watchlist: FLUX is a low float, watching for a setup above $7 ADIL is a low float, resistance at $3 AMTX is a low float, resistance at $3.34 CRDF is a low float, watching for a setup above $15 INOD is a lowish float, resistance at $3.40 ANGO has resistance at $12.87 CTIC has support at $2 AXTI has resistance at $6.36 PEIX is on watch CBAY has support at $7 CMRE has resistance at $6.43 PACB resistance at $10 [link] [comments]  |
| Credit Spreads ATM with longer DTE? Posted: 30 Sep 2020 01:19 PM PDT I've been thinking about doing month-long credit spreads on SPY ATM. Preferably Put credit spreads when SPY bottoms out or has a significant red day. I want to know if anyone else has done this and hows it's ended up for them. The premium received for these seems really nice but no way I am doing this on a weekly. I think that having a longer DTE on SPY put credit spreads would be the best. Thoughts? [link] [comments]  |
| Water Agriculture and Transport Stocks/ETFs Proposal Posted: 30 Sep 2020 12:00 PM PDT https://docs.google.com/document/d/186cLTok87OcnisEoickC3CV_f3tA3MH9atwuEYApkYk/edit?usp=sharing OVERVIEWBasically, all of Southern California and much of the rest of the Southwest is an unsustainable monstrosity that arose by massive water diversions from other ecosystems, it's getting to the point where the demand for water is outpacing water acquisitions and the water pipeline infrastructure will inevitably and catastrophically collapse. THE SCIENCE
SPECIFICATIONSIf you displace water from its original basin, It wouldn't be able to return and that basin would be lacking. Also, if the water is sourced from a river, lake, etc., the microbiome may not be compatible with the new location and could cause a number of problems. So now we encounter the issue of replacing the current water pipelines being too costly as well as completely dehydrating landlocked water basins.For example, California has been stealing water from other states, the Colorado River, for a century. Along with a drought, it has caught up with the unchecked growth of the state. The Colorado River is now a trickle. Water from a new dam that was built in Sitka, Alaska supposedly for hydroelectric power is being sold to California. Many people pay exorbitant prices for power in rural Alaska. Some believe the whole dam was a project to sell water instead of helping with consumer power rates. It never ends until it's all gone.Lastly, the ecological effects will be completely devastating to both local faunas, flora, as well as farms in arid regions of SoCal affecting many families alike. WATER STOCKS TO INVEST INAmerican Water Works Co., Inc. $AWK American Water engages in the provision of complimentary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The company was founded in 1886 and is headquartered in Camden, NJ. The listed name for AWK is American Water Works Company, Inc. Danaher Corp. $DHR Danaher Corp. operates as a medical company, which designs, manufactures, and markets professional, medical, industrial, and commercial products and services. It operates through the following segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Environmental & Applied Solution segment offers products and services that help protect important resources and keep global food and water supplies safe. The company was founded by Steven M. Rales and Mitchell P. Rales in 1969 and is headquartered in Washington, DC. The listed name for DHR is Danaher Corporation. Xylem Inc. $XYL Xylem, Inc. engages in the design, manufacture, and application of highly engineered technologies for the water industry. It provides water and wastewater applications with a broad portfolio of products and services addressing the full cycle of water, from collection, distribution, and use to the return of water to the environment. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment, and testing of water, offering a range of products including water & wastewater pumps, treatment & testing equipment, and controls & systems. This segment brands include Flygt, Wedeco, Godwin Pumps, WTW, Sanitaire, YSI, and Leopold. The Applied Water segment encompasses the uses of water and focuses on the residential, commercial, industrial, and agricultural markets. Its products include pumps, valves, heat exchangers, controls, and dispensing equipment. The Measurement & Control Solutions segment focuses on developing advanced technology solutions that enable intelligent use and conservation of critical water and energy resources as well as analytical instrumentation used in the testing of water. The company was founded on May 4, 2011, and is headquartered in Rye Brook, NY. The listed name for XYL is Xylem Inc. Ecolab Inc. $ECL Ecolab, Inc. engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional and Global Energy. The Global Industrial segment consists of the water, food and beverage, paper, life sciences, and textile care operating segments. It offers water treatment and process applications, and cleaning and sanitizing solutions, primarily to large industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry industries. The Global Energy segment serves the process chemicals and water treatment needs of the global petroleum and petrochemical industries in both upstream and downstream applications. The company was founded by Merritt J. Osborn in 1923 and is headquartered in St. Paul, MN. The listed name for ECL is Ecolab, Inc. [link] [comments]  |
| FAA Chief gives briefing after piloting Boeing (BA) 737 MAX test flight (Live News Link) Posted: 30 Sep 2020 11:38 AM PDT |
| Question about FDA approval plays and limit orders Posted: 30 Sep 2020 05:01 AM PDT So I had a couple questions I've been extremely interested in getting into FDA approval plays. However, looking at the charts, these plays seem to happen faster than one can blink. If I was to set up a limit buy, would the buy end up executing or would it fail due to the price rocketing too quickly? Anyone else have experience getting in and out of FDA approval plays with maximum profits, with after hours limit buys? [link] [comments]  |
| Posted: 30 Sep 2020 08:18 AM PDT I'm a 17 year old still in school and I want to start learning stocks so that I can hopefully start making some money. I don't know too much about stocks but I do know that if I start, I need to give it my full attention. Where do I start learning the basics, and roughly how long will I have to learn before I can get into it? [link] [comments]  |
| Posted: 30 Sep 2020 10:51 AM PDT Buy buy buy!!! $QCLN $TAN $SPG $BPY $AGNC $ARR The clean energy ETFs are the next big market, Biden or not... SPG is a huge tomorrow play. Great locations and will most definitely make it through the recession. They're buying other bankruptcies for cheap cheap cheap! Fanny May/ Freddie Mac... AGNC and ARR are growth + dividend potentials... it's a no brainer. Buy buy buy!!! [link] [comments]  |
| Posted: 29 Sep 2020 09:00 PM PDT A beginner trying to invest in some US stocks and these are the ones I have in mind. Would this be good? Looking to grow my money and hold for less than 2-3 years. AAPL JPM MSFT And probably some VOO ETF [link] [comments]  |
| Disney, Shell - Layoff Avalanche INC ? Posted: 29 Sep 2020 11:25 PM PDT Shell plans to cut 9,000 jobs in transition plan Guess now we are entering a dellusional phase of this market/economy. I really feel like october will be a bloodbath for both. Im going all cash right now. [link] [comments]  |
| stupid question about researching the history of stocks and indexes Posted: 29 Sep 2020 11:09 PM PDT I'm trying to figure out how to zoom in and see a chart for the price of a specific stock or index during a certain time window, like specific weeks in the past 20 years. I feel like a dummy but I can't seem to find an efficient way to research the market at specific times. [link] [comments]  |
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