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    Tuesday, September 8, 2020

    Home Unlabelled Stock Market - Microsoft to launch smaller version of its upcoming next-gen console for $299

    Stock Market - Microsoft to launch smaller version of its upcoming next-gen console for $299

    September 08, 2020

    Stock Market - Microsoft to launch smaller version of its upcoming next-gen console for $299

    Microsoft to launch smaller version of its upcoming next-gen console for $299

    Posted: 08 Sep 2020 07:10 AM PDT

    https://www.cnbc.com/2020/09/08/microsoft-series-s-smaller-version-of-next-gen-console-will-cost-299.html

    Microsoft said the new console, called the Xbox Series S, is the "smallest Xbox ever" and will cost $299.

    The company has been plagued by leaks about the more affordable next-gen machine.

    It's the first time either of the major console manufacturers have disclosed any pricing details for their upcoming devices.

    submitted by /u/coolcomfort123
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    Warren Buffet bought Snowflake shares pre-IPO

    Posted: 08 Sep 2020 01:37 PM PDT

    Snowflake, Inc., the cloud-based data platform company, revealed in its S-1 filing that Warren Buffett's Berkshire Hathaway agreed to take a stake in its Class A shares in a private placement.

    The company said Berkshire Hathaway would each purchase $250 million worth of its Class A common shares in a private placement at a price per share equal to the initial public offering price.

    Snowflake, which is taking the route of a traditional IPO, expects to list its shares at a price range between $75 and $85.

    submitted by /u/psychotrader00
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    Here is a Market Recap for today, Tues, Sept 8. Please enjoy!

    Posted: 08 Sep 2020 01:31 PM PDT

    PsychoMarket Recap - Tuesday, September 8, 2020

    The markets continued falling today, with major benchmarks falling for the third straight day as the tech sell-off continued.

    The Nasdaq performed the worst, finishing the day 4.96% down. The S&P finished 2.77% and the Dow Jones finished 2.11% down

    Big tech stocks continued their declines after a record-setting August. Shares of Facebook ($FB), Amazon ($AMZN), Apple ($AAPL), and Netflix ($NFLX) were each off by at least 3%. Tesla ($TSLA), the darling of retail investors, performed the worst, with stocks down 21.11%, after the stock was bypassed for inclusion into the S&P 500.

    Despite the recent pullback, investors remain hopeful. analysts at Goldman Sachs said they "expect the current bull market to continue as the improved growth outlook coupled with supportive monetary policies should maintain the search for yield elevated and foster a compression of the equity risk premiums.

    This morning, companies at the forefront of the development of a COVIC-19 vaccine wrote an open letter promising to not cut corners and use all due diligence in the development of the vaccine, despite the expedited timeline and the grave necessity. The letter states: "In the interest of public health, we pledge to always make the safety and well-being of vaccinated individuals our top priority". It was signed by the CEOs of companies including AstraZeneca ($AZN), Johnson & Johnson ($JNJ), and Moderna ($MRNA).

    Highlights

    • President Donald Trump said he believed a Covid-19 vaccine could be approved as soon as October. Dr. Anthony Fauci said seeing a vaccine receive approval by October was "unlikely" but "not impossible," according to a recent interview with CNN.
    • Snowflake announced Berkshire Hathaway ($BRK.B) bought $250 million worth of stock at price equal to what the IPO will be. Huge potential on Snowflake to come out of the gate running!
    • Shares of Nikola ($NKLA) were on fire today after it was announced General Motors ($GM) announced an 11% stake in the electric truck maker and will produce its marquee hydrogen fuel cell electric pickup truck the Badger by the end of 2022.
    • Virgin Galactic $SPCE shares rose Tuesday morning after UBS gave the company a Buy rating and $25 price target, implying a 57% upside from Friday's closing prices.
    • Apple $AAPL said its annual event is set for Sept. 15. This year's event is expected to usher in Apple's first iPhones with 5G capabilities.
    • A new experimental Covid-19 vaccine originating the University of Oxford began human trials in Australia in partnership with the Serum Institute of India, the world's largest vaccine manufacturer.
    • Deutsche Bank ($DB) analyst Bryan Kraft upgraded Walt Disney ($DIS) from HOLD to BUY with a PT of $163.00. Stock is currently at $136
    submitted by /u/psychotrader00
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    Apple Event (September 15th): New products to be announced.

    Posted: 08 Sep 2020 09:46 AM PDT

    September 15th Apple is holding an event with a teaser that new products will be announced.

    Hoping this is good enough news to speed up Apple's recovery and get some green back in my life.

    submitted by /u/beddingtaylorswift
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    Am I bagholding TSLA now ?

    Posted: 08 Sep 2020 07:11 AM PDT

    I am one of the new to trading people who emerged around the pandemic ( TD account though, not robinhood, have had it for a long time, just didn't know what to do with it, and I started a RothIRA where I mostly buy SPY and SP500 index funds ). So I had some luck, like everyone, it was easy, things were going up. Then lost some gains, but was overall ahead. So eventually I sold all the pennies and questionable shares I had bought and put my money into AMD, APPL, and TSLA ( apple and tesla before the split, AMD before it jumped). I figured the split was a good thing, since more people will buy the stock now and it will keep rising, but since I have no clue what I'm talking about, this apparently isn't true and it has been tumbling down since the split. People with more experience, do you think it will recover or am I bag hodling ( I didn't buy it cheap, I got in around $1500 per share ) ? Thanks.

    submitted by /u/pagadqs
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    CONFUSED

    Posted: 08 Sep 2020 09:38 AM PDT

    As a beginner who doesn't understand, looking at the S&P 500, if it seems like guaranteed money for no effort, how come everyone on the planet doesn't invest in it? What's the catch?

    submitted by /u/Nookoonator
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    Timing the market

    Posted: 08 Sep 2020 01:52 PM PDT

    Hi, new investor here, just invested £16,000 out of £40,000 savings into US Tech ETFS (VUSA,QQQ) and ovviously market is crashing.

    My timeframe is 10-15 years investing

    Can somebody explain why "time in the market beats timing in the market" if

    It took 13 years to reach peak DOTCOM bubble highs, I literally invested at the highs last week.

    Wouldt is be wise to sell off at a loss , buy more when it drops lower and then id have more shares for when it reaches new highs (whenever it does)

    Can somebody explain why this is such a "bad" idea.

    If you buy 1 share @ $200 and u sell at $180 and it drops to $100 and u buy 1.8shares for $180.. and then in 10years it reaches new highes of $210 you now have 1.8shares instead of the 1?

    Especially with how high this bubble has gone surely the term "time in the market beats timing in the market"?

    Ideally would like to see a 5-8% increase in my portfolio over the next 10-15 years and I will be adding to it now probably! Thanks

    Please explain thanks

    submitted by /u/chelseaboy1234
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    Real time price data for Tokyo Stock Exchange?

    Posted: 08 Sep 2020 03:55 PM PDT

    My broker has no real-time prices for stocks listed in the Tokyo Stock Exchange.

    Is there a website where I can get the bid/ask prices along with the volume in real time for Japanese stocks? Ideally for free.

    submitted by /u/kingdong-69
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    Sep 6 2020, Bloomberg. "A Bubble Scarier Than Big Tech Is Brewing in China".

    Posted: 08 Sep 2020 01:23 AM PDT

    I copied and pasted the article.

    In China, an even scarier bubble than Big Tech is brewing. It's engineered not by the nation's notorious mom-and-pop investors, but professional stock pickers.

    These days, even a soy sauce maker can be valued at 100 times earnings. And this is no penny stock: Foshan Haitian Flavouring & Food Co. is a blue chip with an $81 billion market cap. From pig farmers to manufacturers of China's famous fiery liquor, the food and beverage industry has surpassed banks as the heavyweight in the benchmark CSI 300 Index. On average, the sector has rallied 60% this year.

    This trade started to unwind last week. On Thursday, without warning, Foshan Haitian tumbled off its record high. The selloff widened to the entire sector Friday. Foshan dropped 14% in two days.

    Unlike the retail-focused tech names in Shenzhen, these blue chips are chased by institutional investors. Mutual fund managers have allocated 11.8% of their money to food and beverage stocks on average, second only to healthcare, data compiled by Haitong Securities Co. show.

    This comes just as mutual funds are raising money at record pace — at over 2 trillion yuan ($292 billion) from January to August, that's more than all of 2019. No surprise, hybrid and stock funds got the lion's share. This year's bull market boosted managers' performance, which in turn attracted inflows.

    All that money has to go somewhere. Much as Beijing has advocated investing in young hard-tech stocks, professionals are still apprehensive. More than half of their money is allocated to companies on the main boards, which have profitability requirements.

    Food and beverage companies have become investor darlings thanks to their predictable cash flows. Take Foshan Haitian, for example. Its sales growth has been consistently above 10% since 2012, while its profit has been expanding even faster. Buying Foshan is akin to holding corporate bonds with a 10% to 20% coupon rate, wrote Bank of China Ltd. in a recent report.

    That may well be, but an influx of money for a limited number of shares is making this space crowded. Foshan, for instance, has a free float of just 14%, as its controlling shareholder holds a 58% stake. With floats of 26% and 33%, baijiu makers Kweichow Moutai Co. and Wuliangye Yibin Co. aren't much better. As a result, a price-to-earnings ratio of 50 times has become the norm in this sector.

    To their credit, professionals still care about profit forecasts. But at what price? Food companies' earnings yields are now well below what China's 10-year government bonds offer, which rose above 3% last week.

    Money managers are having a tough time navigating the bull market this year. A lack of market depth aside, they have to find ways to not only beat the benchmark but also their peers. In China, actively managed stock funds reported an average 45% return in the first eight months. This entire industry has thus been put on a spinning wheel, perpetually looking for growth and paying an exorbitant price for it. All it takes is a further jump in bond yields, and the market's shooting stars will come crashing down to earth.

    submitted by /u/cut4oss
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    Corbus Pharmaceuticals CRBP Nosedive

    Posted: 08 Sep 2020 08:21 AM PDT

    Fairly new investor and so haven't really been on the rollercoaster ride yet of rises and dips in stocks, but finally had my first big crash experience with CRBP today with their failed drug testing results coming out. At this point it's down 75%, I'm not terribly concerned about the money since I've only put a few thousand in my trading account to practice and test out data analysis processes, but what's the normal course of action when a pharmaceutical company has a failed drug trial? At this point should I basically hang on to it and hope for an uptick or just get out now and chalk it up as a loss?

    submitted by /u/fairway824
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    Creating a Fool Proof Trade Plan - How We Can Survive in These Markets

    Posted: 08 Sep 2020 05:23 PM PDT

    Humans are emotional creatures which makes us the least ideal to compete in the stock market. Luckily for us, there's trade plans and discipline. In this short article, I am going to walk you through my process in trading options and option spreads.

    My first step is to find the underlying stock I want to trade. This is a very simple process as I use scanners on Thinkorswim, by TDAmeritrade (not a sponsor). I have a few basic criteria in my three scanners to filter high, medium, and low volatility then I sort them by strike price widths so I determine the minimum risk and liquidity of the stock's option chain.

    Once I have chosen the stock I want to trade on, I identify the option strategy that is best suited for the environment. I use three basic trades. Long call options, bullish put spreads, and bearish call spreads. I very rarely use single leg put options as the majority of the time, the markets are rising on monthly time-frames. Even in the last market crash in March 2020, the recovery began within 60 days… That being said, history never repeats, but it often rhymes.

    After selecting the strategy I select my strike prices. I want a spread that has a minimum Probability of Profit (PoP) that is greater than 60%. This ensures that if I make the same trade 1000 times, I will win at least around 600 of them. This doesn't guarantee that the profit will be greater than the losses though. That's where you need your edge.

    My edge is very simple. Follow the trend. Define the risk and reward. Follow the trade plan no matter how emotional the trade may become.

    For any usable trade plan, there are a few things that need to be defined. First, what is the stop loss? If we don't define a point to cut the trade if it does not work out, the emotions will take over and as another incredible trading anomaly, we will always cut it at the worst possible time… at least it feels like it always happens that way.

    After the stop loss is defined, the trade needs an exit point on the upside. Investors can hold forever, but that's not how traders trade. This is called a profit target. Define where to get out and follow the trade plan.

    With these two items defined, there is nothing the market can throw at us that we can't handle, provided that we stick to the trade plan. In the incredible, yet simple words of Mark Douglas:

    https://imgur.com/a/jT471Cp

    submitted by /u/WingTrades
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    [New Investor] - Excited to start investing. Not excited about the crazy market right now.

    Posted: 08 Sep 2020 06:29 AM PDT

    Hi r/StockMarket!

    I am a new investor that knows some of the basics. I can get around my investment app and I know at least a decent handful of terms. Like everyone else, I would love to go ahead and start investing to get on the gain train, but the absolute mess of the market right now has kept me out for a few weeks.

    I am looking at investing $1000 to start, more than likely in ETFs. There are a lot of specific ETFs that have caught my eye, but I am not sure what to choose, especially right now. Last thing I want to do is invest because I want to get in, and I buy right before a big correction.

    All that said:

    • When is a good time to buy in ($1000) with all of the mess that's going on right now?
    • What do I need to consider buying? Currently looking at large ETFs like $VOO, $SPY, $QQQ, etc. and small ETFs like $ARKK, $PHO, $ICLN, etc.
    • Anything else you would find helpful

    Thanks a lot in advance!

    submitted by /u/Professional-Kick-96
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    Questions regarding initial margin and maintenance margin when selling short

    Posted: 08 Sep 2020 04:46 PM PDT

    I'm currently extending a simple stock market simulation library to do backtesting on investment strategies proposed in a variety of different papers from recent years. Some of them involve long-short portfolios so I had to implement some of the features and restrictions that come with margin accounts. I mostly used the following articles as a reference:

    https://www.investopedia.com/terms/i/initialmargin.asp

    https://www.investopedia.com/terms/m/maintenancemargin.asp

    https://www.investopedia.com/ask/answers/05/shortmarginrequirements.asp

    They contain a lot of information but I'm still unclear on several things.

    1. Does "posting cash or securities" for the initial margin actually "remove" anything from your account or is it merely a one-time check for a sufficient amount of collateral? Is there no initial direct cost to the loan itself?
    2. Do all brokers permit you to use equity securities such as long positions on common stock as collateral for both initial margin and maintenance margin? Are there any liqudity coverage ratios for these, such as at least 50% of the collateral being cash rather than more difficult to convert securities or anything along those lines?

    Using equity securities for collateral threw me off because it sounds like it would enable the following scenario. Let's assume your broker has an initial margin of 50% and a maintenance of 30%. Starting out with $100,000 in cash you could then purchase $100,000 worth of common stock and perform a short sale worth $50,000 using 50% of your equity securities. After the loan of the shares, your long position could even deteriorate a bit in value as long as you stay above the required 30% maintenance margin.

    Is this really possible without having any further cash in your account? I would find that rather surprising.

    submitted by /u/KjellJagland
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    Market open hours?

    Posted: 08 Sep 2020 02:06 PM PDT

    I have noticed that everyday from 4pm to 5:15 pm (new York time) the markets appear to be in a straight line. Is that due to the market being closed during those hours and no trading being allowed?

    submitted by /u/the-sage01
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    How to invest in stocks of record high prices and volatility make you nervous

    Posted: 08 Sep 2020 10:02 AM PDT

    Found this very interesting article which shows the risks involved.

    https://finance.yahoo.com/news/how-to-invest-in-stocks-record-high-prices-morning-brief-100013332.html

    What's everyone else's thoughts about the article?

    submitted by /u/supanatral
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    Question about exercising options

    Posted: 08 Sep 2020 01:44 PM PDT

    I have a put option that is very out-of-the-money. Is exercising viable? Or should I just hopd on to it and take the loss? If I exercise an option that out of the money, do I go into debt?

    Im very new to this and need a little advice.

    submitted by /u/maxparagon
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    Can anyone help me?

    Posted: 08 Sep 2020 01:03 PM PDT

    So I'm signing up for a bank account that allows people with SSI to invest in the stock market. Apparently it gives me like 60% stocks and 40% bonds. And I'm just wondering if it would be good to put $300 a month into it?

    submitted by /u/MemeDestroyer465
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    Watchlist: 9/8 Bears in Charge

    Posted: 08 Sep 2020 05:25 AM PDT

    Market Notes:

    Last week was a rough unofficial ending of summer with the bears reclaiming control of the market.

    Futures are sharply lower this morning after American's spent the weekend partying and socializing.

    I expect the fall to be volatile with fortunes being made and lost. Those who manage risk stand a chance. I think the gamblers will get chewed up and spit out.

    Watchlist:

    VVPR is a low float on watch

    DLTH is a low float, support at $12

    TLYS is a low float, resistance at $7.50

    VRA is a lowish float, watching for at setup above $7.68

    LIND is a lowish float, watching for a setup above $12

    GOGO has resistance at $10.68

    NCMI has resistance at $4.85

    submitted by /u/tradingforkeeps
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    How long to wait?

    Posted: 08 Sep 2020 11:58 AM PDT

    Keeping a close on the dip in the stock market. What is the more preferred option of when to buy into the dip? As it is going down so you don't miss the bounce back up, or wait for start of the recovery so you don't buy in before it finishes falling?

    submitted by /u/cant_think_of_2
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    Advice on what to do with TSLA shares

    Posted: 08 Sep 2020 11:21 AM PDT

    I have 200 shares at $427.

    What are your thoughts on this stock climbing back near 400 in the coming weeks, months, or years?

    Is the Sep 22nd announcement and upcoming earnings likely to reverse the losses at least abit?

    Any help is much appreciated!

    submitted by /u/Telus555
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    Opinion: At what $$ amount do you IceBurg order on a low float gap stock?

    Posted: 08 Sep 2020 10:34 AM PDT

    Scenario: You see an opportunity to trade a low float, under $3 gapped stock with high volume, and want to place a large order at a certain price level. At what $$ amount would you consider a IceBurg order on a low float gap stock like this?

    EG: In this case, should a $5,000 order be Iceburged or is that still considered too small of an order to effect a market with volume of that stock 10+ Million.

    submitted by /u/murkr
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    Sell-Off Tuesday/September?

    Posted: 08 Sep 2020 02:11 AM PDT

    I'm curious what you guys think about the general market direction. I feel like the combination of panicing retail investors and big players pulling out immense amounts of money out of the market (securing profits) already created a selloff avalanche that will accelerate in the near future. For me the question is how low can we go this time? How much is the FED able to do against this?

    But what do you guys think? Will the selloff continue today / rest of the month?

    submitted by /u/QuadraDGoesReddit
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