Stock Market - Microsoft buys the company that makes hit games Fallout, The Elder Scrolls, for $7.5 billion |
- Microsoft buys the company that makes hit games Fallout, The Elder Scrolls, for $7.5 billion
- Here is a Market Recap for today, Sept 21, 2020. Enjoy!
- Eleven stocks worth considering now: hand-picked with a consensus strategy. AKAM, DG, LMT, MSFT, MRK, UNH, VRTX, WERN, CHE, ICE, CASY.
- NIO as an investment
- Trevor Milton Now Private on Twitter
- Question on Wash Sales
- Sell XLK and buy AAPL
- I moved out and looking to buy furniture. Should I sell stocks that are down to pay for it instead of oweing credit card debt?
- Watchlist: 9/21 Breakdown, Selectively Bullish
- Roku Stock..
- New-ish to stocks - genuine question regarding Microsoft
- Corona losers that will rebound
- Is it hard to sell stocks?
- Thoughts on Wendy's (WEN)
- Buy and hold or Short term trading better?
- CEO Carson Block Freak Out
- Breaking news: Trevor Milton out of Nikola Motors
- Iron butterfly help?
- Question about IV crush?
- Denbury stock?
- Dollar keeps it value despite Fed prints money
- Opendoor Analysis SPAC (IPO)
| Microsoft buys the company that makes hit games Fallout, The Elder Scrolls, for $7.5 billion Posted: 21 Sep 2020 06:42 AM PDT Microsoft announced Monday that it will buy ZeniMax Media, the company that owns well-known video game publisher Bethesda, for $7.5 billion in cash. The deal gives Microsoft access to a raft of successful game franchises, including Fallout, The Elder Scrolls and Doom. It's one of the most significant gaming acquisitions in Microsoft's history, after the company bought Minecraft developer Mojang in 2014. Thanks for the awards. [link] [comments]  |
| Here is a Market Recap for today, Sept 21, 2020. Enjoy! Posted: 21 Sep 2020 01:19 PM PDT PsychoMarket Recap - Monday, September 21, 2020 Stocks continued sinking Monday, with the three major indexes extending last week's declines. The drop continued as traders became concerned with stagnating improvement in coronavirus cases and political uncertainty, with the US presidential election around 6 weeks out. The Dow fell the hardest today, finishing 1.84% down, the Nasdaq finished 0.39% up, and the SPY was 1.07% down. Nicholas Colas, Co-founder of DataTrek Research said, "The root causes of the recent drawdown in US large caps are [first], recent weakness in real-time economic indicators, [second] the lack of movement on a fiscal stimulus package that could offset #1 and [third] the Fed's lackluster forecasts in its Wednesday release of the Summary of Economic Projections". Shares of major bank stocks including JPMorgan Chase (JPM), HSBC (HSBC) and Deutsche Bank (DB) fell following a report that they and other financial institutions for decades facilitated fund transactions used for allegedly criminal activities, and failed to report suspicious activity. The report by the International Consortium of Investigative Journalists found five global banks moved "staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos and undermined democracy around the world." The report cited documents leaked by BuzzFeed News that identified more than $2 trillion in transactions between 1999 and 2017 that were flagged by financial institutions' internal compliance officers as possible money laundering or other criminal activity, including $514 billion at JPMorgan and $1.3 trillion at Deutsche Bank. "Reopening stocks", or stocks benefits when the economy looks like it will reopen soon amid the pandemic, fell steeply today, as fear over coronavirus cases here and abroad led to fear of more business closure. In the US, there are now, sadly, 200,000 deaths and new cases have risen in Colorado, Idaho, Montana, Nebraska, and North Dakota, per Yahoo Finance. WHO officials warned that the spread of coronavirus in Europe now is worse than it was in March, near the start of the pandemic and that a 'very serious situation is unfolding in Europe". Cruise stock Royal Caribbean Group (RCL) fell more than 7% in intraday trading, and airlines including United Airlines (UAL), Southwest (LUV) and Delta (DAL) were each down at least 6%. Highlights
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| Posted: 21 Sep 2020 11:04 AM PDT Here is a couple of stocks that might be worth your attention this week. This short list was compiled with help of various sources of data, including Buy recommendations from several renowned stock data providers and analytical services. This is why I'm calling the approach a consensus strategy. The stocks I'm going to present you below are generally believed to outperform the stock market in the coming months, they have a consensus recommendation of Buy, their fundamentals are scored considerably better than most stocks and their average target price by stock analysts is above current market valuation. In order to consider buying the stock's shares, the following criteria need to be satisfied:
Note: Descriptions of those criteria are provided at the end of this post. If you decide to buy any of the below stocks, you might want to consider the following selling conditions (at least one of them should be satisfied):
Let's now take a look at the stocks I've identified with this strategy today. CHEMED CORP (CHE)Sector: Health Services Valuation of entry parameters: TheStreet score: A DOLLAR GENERAL CORP (DG)Sector: Retail Trade Valuation of entry parameters: TheStreet score: A+ INTERCONTINENTAL EXCHANGE (ICE)Sector: Finance Valuation of entry parameters: TheStreet score: A LOCKHEED MARTIN CORP (LMT)Sector: Electronic Technology Valuation of entry parameters: TheStreet score: A+ MERCK & CO (MRK)Sector: Health Technology Valuation of entry parameters: TheStreet score: A MICROSOFT CORP (MSFT)Sector: Technology Services Valuation of entry parameters: TheStreet score: A+ UNITEDHEALTH GROUP INC (UNH)Sector: Health Services Valuation of entry parameters: TheStreet score: A VERTEX PHARMACEUTICALS INC (VRTX)Sector: Health Technology Valuation of entry parameters: TheStreet score: A WERNER ENTERPRISES INC (WERN)Sector: Transportation Valuation of entry parameters: TheStreet score: A AKAMAI TECHNOLOGIES INC (AKAM)
Valuation of entry parameters:
CASEYS GENERAL STORES INC (CASY)Sector: Retail Trade Valuation of entry parameters: TheStreet score: A+ Now, a few words on the criteria I'm using and sources of data. 1. TheStreet scoreThe first filtering step is to get stocks with Buy recommendation at TheStreet stock screener (https://www.thestreet.com/r/ratings/reports/ir-screener.html). I'm only keeping stocks with A or A+ rating (top ones), although A-, B+, B and B- are Buys as well. From thestreet.com: A (Excellent) - The stock has an excellent track record for maximizing performance while minimizing risk, thus delivering the best possible combination of total return on investment and reduced volatility. It has made the most of the recent economic environment to maximize risk-adjusted returns compared to other stocks. While past performance is just an indication -- not a guarantee -- we believe this fund is among the most likely to deliver superior performance relative to risk in the future as well. And about the methodology (source: https://www.thestreet.com/r/ratings/reports/detail/T.html): TheStreet Ratings' stock model projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Our Buy, Hold or Sell ratings designate how we expect these stocks to perform against a general benchmark of the equities market and interest rates. While our model is quantitative, it utilizes both subjective and objective elements. For instance, subjective elements include expected equities market returns, future interest rates, implied industry outlook and forecasted company earnings. Objective elements include volatility of past operating revenues, financial strength, and company cash flows. 2. Zacks RankIt is required that the Zacks Rank is Hold, Buy or Strong Buy (so we're avoiding stocks with Sell and Strong Sell recommendations). The Zacks Rating utilizes a completely different system, based on company earnings-related data, in particular earnings estimate revisions and earnings surprises, to predict profitability of holding the company's shares. More from [https://www.zacks.com/education/stock-education/zacks-rank-guide-6](http://(average, from experts)): The Zacks Rank is a proprietary stock-rating model that uses trends in earnings estimate revisions and EPS surprises to classify stocks into five groups: Strong Sell, Sell, Hold, Buy, Strong Buy. A portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 31 years with an average annual return of +24.3% a year; more than double that of the S&P 500's +10.6% . 3. Weiss Ratings recommendationWe're only keeping stocks with Buy (B) or Strong Buy (A) recommendation. Wjat are these scores? This is what I found at their website (https://weissratings.com/help/rating-definitions): "A" Rating: Excellent. The company's stock has an excellent track record for providing strong performance with lower-than-average risk, and it is trading at a price that represents good value relative to the company's earnings prospects. While past performance is no guarantee of future results, our opinion is that this stock is among the most likely to deliver superior performance relative to risk in the future. Of course, even the best stocks can decline in a down market. But our "A" rating can generally be considered the equivalent of a "Strong Buy". "B" rating: Good. The company's stock has a good track record for delivering a balance of performance and risk. While the risk-adjusted performance of any stock is subject to change, our opinion is that this stock is a good value, with good prospects for outperforming the market. Although even good investments can decline in a down market, our "B" rating is considered the equivalent of a "Buy". 4. Yahoo Finance recommendation and target priceIt is required that the Yahoo Finance stock recommendation is at least mixed Buy/Hold from experts. Additionally, the predicted target price (average, from experts) should be at least 5% higher than the current one. 5. MarketBeat recommendation and taget priceSimilar to Yahoo Finance, it is required that the MarketBeat stock recommendation is at least mixed Buy/Hold. Additionally, the predicted target price (average, from experts) should be at least 5% higher than the current valuation. 6. Piotroski F-ScoreThe Piotroski score is a number between 0-9 that reflects nine criteria used to determine the strength of a company's financial situation, including profitability, leverage or operating efficiency. Zero is the worst value and nine is the best. As we can read in Piotroski's paper from 2000: In addition, an investment strategy that buys expected winners and shorts expected losers generates a 23% annual return between 1976 and 1996, and the strategy appears to be robust across time and to controls for alternative investment strategies. It is required that the score is 4 or higher. The values were retrieved from https://www.gurufocus.com. 7. Moody's Daily Credit RiskMoody's Daily Credit Risk Score is a 1-10 score, which provides a forward-looking, one-year measure of credit risk. It is updated daily and takes into account day-to-day market movements compared to a company's liabilities. The value is retrieved from https://markets.businessinsider.com and is expected to be in the range of 1-6. 8. InvestorsObserver Overall ScoreThe rank has a value in between 0 and 100. It takes into account both technical analysis and fundamental stock data. An Overall Rank of N means that a given company is rated above N% of stocks, therefore the higher the number, the better. My requirement is that the company has InvestorsObserver Overall score of at least 50. More detailed explanation from https://www.investorsobserver.com/learning-center/what-the-scores-mean/what-does-the-overall-score-mean: The Overall Score combines our two technical scores (Short Term and Long Term) with our Fundamental Score into one metric. This makes our overall score a great place to start when evaluating stocks, regardless of your investing style. A low score doesn't necessarily mean a stock is likely to go down, just that our system doesn't think there's much of a bullish case for it. Please note that the company profile data (short description) was taken from https://www.tradingview.com (sometimes I shortened it) and dividend data was retrieved from MarketBeat. I hope you enjoyed the reading. What do you think about this stock selection and the strategy? Feel free to leave a comment below. Michael, the Investing Scientist Disclosures:
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| Posted: 21 Sep 2020 02:18 PM PDT NIO is a Chinese Electric Car company. They have an opportunity to grow as a premier EV Company. In July 2020 they delivered 2,610 cars. Tesla led the market with 11,575 cars delivered in July 2020. As shown by this link https://www.iea.org/reports/global-ev-outlook-2020 China's influence on the EV market grows with every year and is the biggest EV market in the world. NIO currently trades at $18.75 a value that may look like a premium to others but an opportunity once it grows as a bargain. According to CNN business NIO has 1 year forecast of $120.46 according to 16 analysts. https://money.cnn.com/quote/forecast/forecast.html?symb=nio. This looks like a premium value for NIO which it is. The future is Electric as more countries realize that ICE vehicles will not help with Global Warming targets. According to the Agust from NIO "NIO delivered 3,965 vehicles in August 2020, a new monthly record representing an 104.1% year-over-year increase." They will grow as they are expanding their monthly vehicle output to 5 thousand per month. 21,667 cars were delivered in 2020. NIO is the 7th largest car manufacturer with 21,667 cars delivered throughout 2020. In my opinion they will continue to grow not only because of NIO cars, but with NIO Home a place where NIO car owners can meet and hangout and boost productivity. NIO home adds an extra element as a subscription model which is very profitable as shown by Microsoft and streaming services. NIO is trying to be a brand such as TESLA. NIO is one of the first company with Battery swap instead of plug in. This is great for high density locations as they can grow and pack them in places with lost of people to service lost of people. Also NIO just launched BaaS which allows you to rent a battery and make the total car cheaper. The NIO car is already cheaper then a Tesla Car. NIO will grow not only because of Battery swap because it takes less then 5 minutes got change your battery and have a full battery. Also NIO is working on an app to allow you to buy preowned cars and since the battery is swappable it can be reused many times. This is my opinion on why NIO will become a big car company in China. This may turn out to be a terrible investment but it is one I have to take as a see the future of green energy and EV cars as they can help slow down global warming which will only get worse by year. The great investor Warren Buffet once said"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years." Climate change is a seriuous probelm and through innovation NIO will become a great investment and will help solve this serious threat to our society. Some more great resources on NIO can be located here https://www.nio.com/de_DE?noredirect= https://www.iea.org/reports/global-ev-outlook-2020 an outlook of EVs in the future an outlook of EVs in the future [link] [comments]  |
| Trevor Milton Now Private on Twitter Posted: 21 Sep 2020 08:13 PM PDT We all know Trevor loved twitter.. He was in the leagues of Donald Trump and Elon with his constant tweets and high energy craziness. Last week he went silent/dark and now his twitter is completely set to private. Do you think we are going to hear some more ground breaking stuff before the SEC/DOJ report or do you think maybe the notoriously slow SEC/DOJ is going to make comments this week or next? [link] [comments]  |
| Posted: 21 Sep 2020 07:45 PM PDT So I'm trying to understand the wash sale rule and it sounds like the only way wash sales can negatively impact you is if you have open positions at the end of year with wash sales attached to them? Since the disallowed losses from wash sales aren't permanently disallowed, you will eventually take the loss whenever you do close the position. So as long as you make sure you close wash sale positions, you still take that same loss and have nothing to worry about. Is this right? I'm a bit concerned since I have maybe a hundred wash sales so far. Though on my gain/loss report, which includes wash sale adjustments, I still have a positive net gain on the year. I just don't want to be taxed on more than I actually made cause of wash sales. [link] [comments]  |
| Posted: 21 Sep 2020 03:51 PM PDT Opinions for long term. XLK so far for over the years I held it seems to be up at only $115.. and the most was $127. VGT on the other hand had also been good but at most at $340+. I have friends that got AAPL or other Techs a few years ago has made 2-4x with AAPL and other shares. I wonder if I made a mistake. Thought of selling some XLK + VGT get AAPL , MSFT or FB. Suggestions? [link] [comments]  |
| Posted: 21 Sep 2020 07:16 PM PDT I had no idea moving out would be as costly as it has been. I went from being debt free to owing about $1000, looking at buying an extra $750 of furniture in a week or two... I have about $1500 of citibank stock I was thinking of selling anyway. I am down $200 on it if this matters at all thus far. I could sell it and buy my furniture and avoid credit card debt and short term capital gains. Is this a good idea or should I try to pay off the furniture in a few weekends of overtime? [link] [comments]  |
| Watchlist: 9/21 Breakdown, Selectively Bullish Posted: 21 Sep 2020 04:38 AM PDT Market Notes: Friday the market broke down below critical support and this morning futures are sharply lower. This confirms the breakdown in my eyes. We appear to be in for a bear run. Don't try and call the bottom here. It might be the open today, it could be March lows, or lower. Interestingly there were a lot of stocks making 52-week highs on Friday. I'm willing to be selectively bullish with tight stops in place. Watchlist: TCON is a low float, support at $6 SOL is a low float, resistance at $3 ETON is a low float, support at $8.50 NEXT is a low float, resistance at $5 AXGT is a low float, key level at $4 SURF is a low float, watching for a setup above $7.50 PACK is a lowish float, resistance at $11.50 EVGN is a lowish float, support at $3 AQB is a lowish float, support at $4.50 SAVA is a lowish float, watching for a setup above $10.30 OESX is a lowish float, resistance at $8.50 XERS has support at $6 PRTK has resistance at $6.72 GME has resistance at $9.77 IMMP has resistance at $2 PEIX watching for a continuation PRTY watching for a setup above $3.20 ARAY has resistance at $2.80 GLNG has support at $13.50 SESN has support at $1.22 WPRT has resistance at $2.30 PACB has resistance at $8.20 [link] [comments]  |
| Posted: 21 Sep 2020 07:53 AM PDT Has anyone told it that there is a sea of red today? Seems they have added Peacock to their service. Not sure if that fully explains the 16% (as I type this) increase today. [link] [comments]  |
| New-ish to stocks - genuine question regarding Microsoft Posted: 21 Sep 2020 07:28 AM PDT Hi, As the title suggest I am fairly new to stocks and have a quick question for Microsoft. I am invested in Microsoft for the long term, and don't plan on selling for at least a few years as I genuinely believe in this company. With this being said, with the big news of their recent future $7.5bil purchase of gaming studios, why is the stock still in decline? Could it be a reflection of the entire stock market as a whole? I understand we are still in uncharted waters during these times, but how do stocks typically react with such big acquisitions? I believe this is one of the biggest gaming acquisitions possibly of all time. Thank you for help in advance and again I am holding Microsoft for the long run but am just curious referring these types of transitions and trends. [link] [comments]  |
| Corona losers that will rebound Posted: 21 Sep 2020 06:26 AM PDT What are some companies which stocks have fallen over 50% that you are betting on will rebound strongly post pandemic? I have put a small amount (relative to me) on Norwegian Air Shuttle who have dropped more than 90% thinking that its not a big amount that I would lose if they go complete bankrupt but if they rebound in the coming years its a really nice profit. Any stocks in similar situations? [link] [comments]  |
| Posted: 21 Sep 2020 12:13 PM PDT I've never bought or sold stocks before and I'm just curious what the process is like. I already know it involves much pain especially on days like today. But when the stock market is doing really good is it easy to sell a stock that is high or are you not always gonna find buyers since it's likely to go back down. For example when Kodak went from like 2 dollars to 50 dollars in a day, could most people have really sold their stocks at the 2500% price? Does the transaction take time to process so the value would be less by the time it actually goes through? [link] [comments]  |
| Posted: 21 Sep 2020 03:57 PM PDT I bought WEN on Friday for $20.90, rode it down to $20.66 at todays close and now it's back to $20.99 after hours. I thought I got a great deal on Friday but now I want to get out. Anyone have any thoughts about where I should price my sell order for the open tomorrow? I currently have a limit to sell at $21.40. [link] [comments]  |
| Buy and hold or Short term trading better? Posted: 21 Sep 2020 02:20 PM PDT Is it better to buy and hold and constantly add to positions monthly over time and never sell, or is it better to buy and sell every time a stock goes up and just take a 5-10% gain even though it could go higher? With buy and hold you have the potential to make more that is left on the table through selling quick, and you don't have to pay as much taxes. However, if the market goes down you're stuck holding the bag and you feel like you missed out on another opportunity cost, but oftentimes when the market goes down all sectors go down as well so there is no safe bet. With short term trading you get out quick if you cap gains at 5-10%, but you miss future profits. You don't have to worry about huge downward dips though. Short term trading does require more time and can mess with your emotions and have you constantly looking at your stocks. Also, everything sounds good with swing trading but it could be more unpredictable in practice. Even during the dips like now is it better to buy and hold say if you bought in at Microsoft 3 weeks ago at 210 then it went to 225 in 3 weeks would you make more money short term selling over small peaks like that in your life, or would you make more just buying it at that set price 210 and leaving it alone? [link] [comments]  |
| Posted: 21 Sep 2020 01:52 PM PDT Okay so I missed half of it, What in the world caused that massive freak out from Carson Block of Muddy Waters Research. I only caught a side of what he said but he seemed to defend Trevor Milton but I may have heard that part wrong as I was just coming into the room. [link] [comments]  |
| Breaking news: Trevor Milton out of Nikola Motors Posted: 20 Sep 2020 09:26 PM PDT https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola Sources close to the embattled fuel cell truck manufacturer are reporting that founder Trevor Milton has resigned as Executive Chairman of Nikola Motors (NASDAQ: NKLA) and has departed the company effective immediately. He will remain as one of the company's largest shareholders, but will not have a say in how the company is managed going forward. Sources tell FreightWaves that the decision was Milton's, in an effort to protect the company and his investment. Milton owns approximately 82 million shares or 20% of the company, worth about $2.8 billion dollars. [link] [comments]  |
| Posted: 21 Sep 2020 01:36 PM PDT So I had an iron butterfly idea for Tesla and I just wanted to some help on what's the downside and upside for this trade. Please let me know as I'm still unsure. Also would I need 100 shares before entering this trade or can I use cash as a collateral? https://www43.online-convert.com/dl/web8/download-file/5c634779-5090-40b9-b5be-c734d94ee950/FC439355-4471-4F6E-8793-0F29FD82F0F9.png [link] [comments]  |
| Posted: 21 Sep 2020 01:34 PM PDT Hello redditors. I have some calls on tesla for december and today the stock started at 2% giving me 500 euros and after some minutes it was like the same but i was losing money (i think - 20 euros doesnt matter). I searched and asked in wallstreetbets and a guy said iv crush got my @ss. I searched for it online but it didnt make much sense. Can someone explain with simple words wtf happened and i ended up losing 250 euros on a stock that was +1.67% eod? Is it possible that tomorrow for example the opposite happens? Like it is - 2% and i gain? Thanks in advance. [link] [comments]  |
| Posted: 21 Sep 2020 09:10 AM PDT Hey all. I'm very confused this morning. I have been going back and forth as to whether or not put a little money into Denbury oil, as they went bankrupt but now completed financial reconstruction. This weekend I had set up an order to purchase 100$ of it this morning, but I woke up and no longer see the DNR symbol. Instead, the symbol is DEN and has skyrocketed 50,000%. However, I'm not seeing any articles on this, and it seems like quite a big deal for something to change this drastically. What am I missing here? (it's also still at .02 when I google it) [link] [comments]  |
| Dollar keeps it value despite Fed prints money Posted: 21 Sep 2020 10:46 AM PDT Last few years Fed kept printing money, but how come dollar isn't affected by that? What I encountered is, as long as there is more money printed, stocks go up. Is this because people buy stocks using credit? [link] [comments]  |
| Posted: 21 Sep 2020 10:02 AM PDT Opendoor announced that is going public through a SPAC set up by Chamath Palihapitiya. It seems that Opendoor is just at the beginning and has a huge potential ahead. Opendoor is playing in a 1.3T market and has generated only around 4.6B of revenue last year. Its growth is very healthy at a 58% CAGR Opendoor uses Machine Learning to predict home prices and has been done a fantastic job doing it. It serviced around 80k homeowners. [link] [comments]  |
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