• Breaking News

    Tuesday, September 22, 2020

    Stock Market - Microsoft’s Bethesda deal is a $7.5 billion part of its plan to crush Sony

    Stock Market - Microsoft’s Bethesda deal is a $7.5 billion part of its plan to crush Sony


    Microsoft’s Bethesda deal is a $7.5 billion part of its plan to crush Sony

    Posted: 22 Sep 2020 06:43 AM PDT

    https://finance.yahoo.com/news/microsoft-bethesda-deal-plan-to-crush-sony-192035782.html

    To say that Microsoft's latest acquisition is a coup for the gaming powerhouse is an understatement. It not only adds 8 new studios to the company's empire, bringing the total to 23, but, more importantly, ensures that ZeniMax's titles will appear on Microsoft's Xbox Game Pass subscription service the same day they hit the market. Titles from third-party developers often don't make it to Game Pass until months after their initial release.

    "With over 15 million subscribers currently on its Game Pass MSFT is doubling down on its consumer endeavors with this acquisition, a smart and strategic move in our opinion heading into its highly anticipated new console release," Wedbush's Dan Ives wrote in an analyst note following the announcement.

    It's important to note that Microsoft lost to Sony in the current console generation. It sold fewer units of its Xbox One than Sony sold of its PlayStation 4, roughly 50 million to 110 million, despite the prior generation's Xbox 360 and PlayStation 3 nearly matching each other in sales.

    Thanks for the awards.

    submitted by /u/coolcomfort123
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    Google stock. Good buy right now?

    Posted: 22 Sep 2020 07:29 PM PDT

    Alphabet is at an attractive low right now. I am curious what everyone's thoughts on alphabet stock is? I'm a new investor, but from my analysis it seems like potentially a very good long term buy right now

    submitted by /u/IuseRedditforThings
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    Here is a Market Recap for today, Sept 22. Enjoy!

    Posted: 22 Sep 2020 01:46 PM PDT

    PsychoMarket Recap - Tuesday, Sept 22, 2020

    Stocks traded choppily before rising in another very volatile session, with traders weighing uncertainty around the presidential election, a worsening coronavirus situation in Europe, and concerns that fiscal stimulus will not come in near-term. The Nasdaq outperformed, rose 1.86% as Apple (AAPL), Amazon (AMZN) and Facebook (FB) increased. The S&P finished 1.02% and the Dow finished the day 0.5% up.

    The coronavirus situation in Europe has greatly worsened, with experts and politicians warning that a second-wave is around the corner. On September 12, French authorities reported 10,000 COVID-19 cases in one day for the first time since the pandemic began. Since then, daily cases have soared to more than 13,000. Several "red zones", cities considered high risk, have seen clampdowns. There is much talk of a second national lockdown in the UK, with Prime Minister Boris Johnson announcing that there will be further restrictive measures aimed at containing another major outbreak, as the number of cases swells and top scientists warn that the death rate could grow exponentially. On Monday, the UK reported 4,368 new cases. In Spain, parts of the capital Madrid, saw new lockdown measures enforced on Monday. More than 850,000 residents face restrictions on travel and the size of gatherings, according to Al Jazeera. The EU CDC reported that in Spain, there were 300 cases of COVID-19 per every 100,000 people as the capital of Madrid saw new lockdown measures being enforced.

    Prospects of more fiscal stimulus passing before the November election have dimmed, with Congress unable to come to a consensus. Today, Treasury Secretary Steve Mnuchin and Fed Chair Jerome Powell testified before the House Financial Services Committee. They said that the Fed and Treasury can only go 'so far so fast' and cannot replace targeted aid from Congress. "The recovery will go faster if we have both tools [from the Fed and Congress] continuing to work together," Powell said. Both Powell and Mnuchin credited the Cares Act for helping the economy recover at the height of the pandemic but have once again stressed to Congressional lawmakers the importance of targeted, fiscal aid in helping families and small businesses through these tough times.

    Highlights

    • Apple (AAPL) target raised by Raymond James from $110 to $120 OUTPERFORM. The stock finished 1.57% up.
    • ACN Accenture, currently at $233. Stock finished the day 1.29% up.
      • Piper Sandler Raised Target $206 to $229 NEUTRAL
      • Wedbush raised target from $240 to $255 OUTPERFORM
    • Amazon (AMZN) target raised bySanford C. Bernstein upgraded from MARKET PERFORM to OUTPERFORM price target of $3,400. Stock finished the day
    • Carvana (CVNA) ran 30.61% after the company projected a "record Q3" and was upgraded to a BUY rating by Goldman Sachs (GS)
    • Carvana (CVNA) was upgraded by Goldman Sachs $GS from $178 to $205, and NEUTRAL to BUY. Q3 guidance was updated on the positive side and the stock took off. Finished 30% up for the day.
    • (CZR) Caesars Entertainment, Deutsche Bank raised its target from $50 to $65 at BUY
    • (FB) Facebook had Oppenheimer raise target from $270 to $300 OUTPERFORM
    • (NKE) Nike had Robert W. Baird raise target from $95 to $115 and from POSITIVE to NEUTRAL.
    • (NKE) Nike after the bell reported better than expected Q1 sales and EPS of $0.95 up from $0.86 YoY. The stock was up 3.1% for regular session and already more than 8% after hours.
    • (NFLX) Netflix had JP Morgan set Target $625 at BUY. that is about 20% higher than ATH, very bullish.
    • Today is (TSLA) Tesla Battery Day. Stay tuned for potential price moving announcements.
    • (GME) Gamestop surges on announcement that Cohen, Chewy's founder, revealed an almost 10% stake in the company and his intention to become involved and compete with Amazon on the videogame space, just as he did pets with (CHWY) Chewy.
    • (SFIX) Stitch Fix reported worse than expected results, a loss of $0.44 vs expectation of a loss of $0.14. Shares were up 8% for the day, and now 14% down after hours.
    submitted by /u/psychotrader00
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    Nasdaq Will Launch World's First Bitcoin ETF On Bermuda Stock Exchange

    Posted: 21 Sep 2020 11:24 PM PDT

    Regulated Brazilian fund manager Hashdex has inked a deal with Nasdaq to launch the world's first crypto asset exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX). The stock exchange announced it had approved the 'Hashdex Nasdaq Crypto Index' on September 18, revealing that 3 million Class E shares will be issued for trade on the platform. The fund should be liveby the end of the year. ETF offer a regulated and insured vehicle for institutional investors access exposure to commodities without holding the underlying assets. CryptoCrunchApp News

    submitted by /u/ArnitaHayward
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    For all those who are learning excel, we have made an app(iOS & Android) to make it easier for you. It lists all the formulas with EXAMPLES and also the important short-cut keys. Give it a try and feedbacks are welcome.

    Posted: 22 Sep 2020 08:45 PM PDT

    Understanding strategies and research.

    Posted: 22 Sep 2020 03:39 PM PDT

    I have been interested in becoming a trader since my teenage years as my grandfather was one. As of recently I have started my dive into it not necessarily trading but getting my bases covered. As I understand terms and the different ways to trade in the market I'm having trouble compartmentalizing everything. I start looking at a term then 30 different things jump in my face. Now I can understand most of it but my goal is being able to use it realistically. Do you guys have any suggestions on how I should structure my learning. I have mostly focused on being able to read a chart effectively,options trading, moving averages and some other technical analysis.

    submitted by /u/Alcowpwn
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    Buying IPO’s at offering price

    Posted: 22 Sep 2020 06:54 PM PDT

    In the midst of another busy week for IPOs, I am still finding that it is nearly impossible to purchase shares at the initial offering price.

    Example: JFrog

    Offering price $44

    Dilemma: I logged into my trading platform, TD Ameritrade 5 minutes before market opened. I set a safety net with a buy limit at $45. I also monitored the app all morning but to my dismay there was never an option to purchase at the IPO price and instead I was hit with prices around $60-66 a few hours after the market opened.

    Is there a way to overcome this barrier? Am I missing some thing?

    submitted by /u/YoungHotelier
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    Newbie discovered how selling works after a week of trading (and actually earning money!)

    Posted: 22 Sep 2020 08:43 PM PDT

    I have been playing around for the las week, making 350 dollars in profit and just now, I discovered I could also win when a price went down 🤦🏻‍♂️. Am I too stupid? Lol

    submitted by /u/nikolaichev
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    Is KO still a good buy?

    Posted: 22 Sep 2020 08:00 PM PDT

    I know that warren buffet holds it in his portfolio and it has a pretty good dividend. I'm currently looking to build a more stable portfolio alongside T and maybe some other dividend stocks. I think KO's massive brand exposure is good as well and I don't see people ever not drinking coke.

    submitted by /u/adamantiumstaff
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    Do you like a scalable Stock Market report that will give you ease in monitoring investments and stock exchange?

    Posted: 22 Sep 2020 07:47 PM PDT

    Do you like a scalable Stock Market report that will give you ease in monitoring investments and stock exchange?

    If you do, then you should take advantage of our free Power BI courses that were specifically made for people in Markets/Trading industry like you.

    You'll learn skills in these courses that will allow you to create better and more informative reports that your managers and clients will love.

    Again, these courses won't cost you anything and you'll learn some advanced analytical skills that will look great on your resume. We even have a few unknown productivity secrets that will help you get your work done faster.

    Click here for more details.

    https://enterprisedna.co/corporate-markets-trading-acquisition-stock-market-trading-reports-technique-using-power-bi/

    submitted by /u/EnterpriseDNA
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    Best book to learn trading in the stock market

    Posted: 22 Sep 2020 06:40 PM PDT

    I'm looking for a good book to start learning about investing in the stock market, I'm sure mainstream books fordummies-like are pretty bad so I wanted to know if one of you had a book recommendation?

    submitted by /u/SteevyKrikyFooky
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    Alerts for Moving Averages

    Posted: 22 Sep 2020 12:18 PM PDT

    Hi, I've been using Investing.com app to monitor moving averages and such...is anyone aware of an app that sends you alerts when a stock drops below its moving average?

    submitted by /u/arrowhood41
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    need some ETF advice!

    Posted: 22 Sep 2020 06:04 PM PDT

    Hey guys! Im looking to put away some of my savings in a brokerage account. I have about 3k in there right now invested in various individual stocks of my choosing, and want to put 5k more in solely for ETFs. what do you think of this breakdown?

    30%VXUS, 30%VTI, 15%VGT, 15%SCHD, 5%ESPO, 5%IRBO

    I know there's probably some redundancy but I'm not very decisive. SCHD is in there for dividends. Anyhow ill probably be rearranging my individual stocks every so often but id like to find a good ratio with the ETFs and stick with it long term. Ill definetly be contributing the bulk of future savings to the ETF portion of my portfolio. any advice is appreciated, thanks!

    submitted by /u/Jimijut
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    Investing In Canadian Airlines?

    Posted: 22 Sep 2020 05:05 PM PDT

    So the Canadian airline industry is completely dominated by Air Canada. It ain't going anywhere. Even if they suffer huge financial losses, I dont think there is any airline in Canada that can even come close to competing with them. Sure in the US there are a ton of airlines which might make investing in them pretty risky, but i feel like with an airline such as Air Canada its a full proof investment. Was trading at around $50 per share pre pandemic and now at $16.50. Tell me why i should not go ahead and buy tons of shares, surely in a few years it will pay off? Pretty confident on my stance but would love to hear someone call me an idiot ;)

    submitted by /u/batterylow001
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    Garrett Motion, Established Turbocharger Manufacturer, files for Chapter 11 Bankruptcy with $2.1 Billion KPS Offer

    Posted: 22 Sep 2020 11:03 AM PDT

    NEW YORK, Sept. 20, 2020 /CNW/ -- KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into a stock and asset purchase agreement with Garrett Motion Inc. (NYSE: GTX) ("Garrett" or the "Company"), under which KPS will acquire substantially all of the assets of Garrett for approximately $2.1 billion.

    Garrett will file a motion with the United States Bankruptcy Court for the Southern District of New York today seeking the designation of KPS as the "stalking horse bidder" in a bidding procedures motion in connection with the Company's filing of voluntary petitions under Chapter 11 of the Bankruptcy Code. KPS was selected by Garrett after a comprehensive review of strategic alternatives by the Company's Board of Directors. To facilitate the sale process, Garrett has begun a process in the United States to financially restructure through a voluntary Chapter 11 proceeding. The completion of the sale is subject to court approval, among other customary conditions. KPS currently expects the sale process to be completed in early 2021.

    KPS, through an affiliate, has also agreed to participate in Garrett's Debtor in Possession ("DIP") financing to support the Company's operations. Following court approval, the DIP facility will ensure that Garrett has sufficient liquidity to continue normal operations and continue to meet its financial obligations during the Chapter 11 process, including the timely payment of employee wages and benefits, continued servicing of customer orders and shipments, and other obligations.

    Article from Yahoo Finance

    submitted by /u/Ancharkles
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    Watchlist: 9/22 Battery Bear Day

    Posted: 22 Sep 2020 05:24 AM PDT

    Market Notes:

    Today is battery day for TSLA. Lots of choppiness ahead of the end of day announcements. CEO Musk was tweeting last night as the price made wild swings.

    NKLA appears to be stabilizing after the scandal broke and the CEO resigned.

    Futures are pointing to a choppy open, markets have gone red to green and back to red already.

    I'm bearish and looking to take quick profits on the long side. No play for me on TSLA or NKLA. Could get sympathy play on CLSK.

    The Nasdaq is approaching bear market territory today. Stay safe out there.

    Watchlist:

    CLSK is a low float, key level at $15

    CRDF is a low float with support at $11

    AXGT is a low float, watching for a continuation

    EVGN is a lowish float, resistance at $3.50

    SAVA is a lowish float, on watch

    GME is soaring in the premarket

    PEIX key level at $7.80

    HGEN is on watch

    SESN key level at $1.40

    PACB key level at $8.40

    submitted by /u/tradingforkeeps
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    Genworth - GNW - Next deal deadline is Sept. 30. Anyone playing this one?

    Posted: 22 Sep 2020 11:33 AM PDT

    Genworth has a buyout that has been ongoing for quite a while. I believe the latest extension to get the deal done was the 14th extension they've had. They are being bought by a Chinese company - China Oceanwide. One of colleagues in the industry advised that his company is buying up a lot of GNW in anticipation that the deal will actually go through this time. I've taken out a position myself with a tight stop loss. You can google Genworth September 30 for some articles regarding this.

    Anyone else look into this?

    submitted by /u/Clueless-Carl
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    Buying a call option before a reverse stock split

    Posted: 22 Sep 2020 03:18 PM PDT

    If you purchase a contract right before a 1 for 4 Reverse Stock Split, how does that affect the contract? Can you profit off of price change? Or will the contract adjust and compensate for the event?

    submitted by /u/Zachedward9
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    Do market valuation still matter?

    Posted: 22 Sep 2020 01:50 PM PDT

    We have just published an article about US market valuation where we believe to have made small added contributions to what had been done by others.

    We are also showing the sensitivity of fair value to forward earning growth and margin which show that negative returns (real) are a quasi certainty in the future.

    https://research.nava.capital/market-valuations-do-they-still-matter/

    All commentaries, especial the harsh one are welcomed

    submitted by /u/dcswiss
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    Why is the DOW selling off so big?

    Posted: 22 Sep 2020 06:09 AM PDT

    Okay okay... So I can understand the Nasdaq selling off massively because this tech boom has been insane, beyond insane really.

    But why the DOW?

    Is it just because the Nasdaq start of the bubble bursting freaked everyone out on the general market or what?

    I know the DOW was up above all time highs before it started to fall but not nearly as much but it seems to be the one taking the heavy hits now?

    I'd be interested to hear what you all think about this. It seems weird to me.

    Regardless of everything things are opening up again and the virus death rates are way down so I can't understand why we would get a second flee to tech?

    I am obviously missing some things here.

    submitted by /u/WhichEdge
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    Thoughts on some potential stocks to sell Puts on that would be worth owning if it got exercised?

    Posted: 22 Sep 2020 10:33 AM PDT

    I'm hoping that the dip in the market is temporary, so I'm looking to sell Puts. However I'd like to target stocks that I can get a nice premium from, and also won't mind owning long term if the option got exercised. Basically something that could be a good deal if it dipped another 2 or 3 dollars.

    submitted by /u/WoopsIAteIt
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    Thoughts on HHT?

    Posted: 22 Sep 2020 06:54 AM PDT

    I bought like 3000 shares when it first fell to .49 last week and another 1500 just now when it fell to .45. Anyone else thinking this will turn around or have I grown to be delusional over my course of trading? (Disclaimer: penny stocks usually aren't my forte so just playing with them and getting opinions)

    submitted by /u/ricky969
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