• Breaking News

    Tuesday, September 29, 2020

    Stock Market - Tesla Secures Rights to Mine Its Own Lithium in Nevada

    Stock Market - Tesla Secures Rights to Mine Its Own Lithium in Nevada


    Tesla Secures Rights to Mine Its Own Lithium in Nevada

    Posted: 29 Sep 2020 05:57 AM PDT

    https://www.thestreet.com/investing/tesla-tsla-elon-musk-lithium-mining-rights-nevada?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

    Tesla (TSLA) - has secured its own lithium mining rights in Nevada after dropping a plan to buy a company there, taking the electric vehicle maker a step closer to its plan of mass-producing less-expensive batteries and being master of its own battery supply chain.

    Tesla's CEO Elon Musk told investors at the company's "Battery Day" event last week that Tesla has secured access to 10,000 acres of lithium-rich clay deposits in Nevada, and plans to use a new, "very sustainable way" of extracting the metal.

    Tesla's decision to make its own battery cells, and to enter production of battery cathodes and associated raw materials, is intended to add in-house capacity alongside deals with external suppliers as demand for electric vehicles continues to rise.

    Thanks for the awards.

    submitted by /u/coolcomfort123
    [link] [comments]

    Here is a Market Recap for today Tuesday, Sept 29. Please enjoy!

    Posted: 29 Sep 2020 01:32 PM PDT

    PsychoMarket Recap - Tuesday, September 29, 2020

    Stocks traded choppily today, as traders considered a new stimulus proposal from lawmakers, the presidential debate this evening, and an increase in Covid-19 infections.

    Market action today highlights the extreme volatility of today's market. After a day of green yesterday, the major indices experienced several intraday reversals. The Dow (DIA) finished 0.53% down, the S&P 500 finished 0.5#% down as well, and the Nasdaq (QQQ) finished the day 0.45% down.

    The House Democrats recently announced a new $2.2 trillion stimulus package, offering a sliver of hope that Congress might take action to help buoy the pandemic-stricken economy before the November elections. There is still a large divide between the Democrats proposal and the $1-1.5 trillion that is estimated to be the Republicans cap. Many analysts and economists are skeptical that a deal will be passed, leaving potential for market disappointment. On a more positive front, Pelosi and Mnuchin are scheduled to hold a meeting to discuss economic relief. Let's hope they are able to work something out.

    This evening is the first of three presidential debates between Pres. Trump and Joe Biden in Cleveland, Ohio at 9pm ET. Last week the Commission on Presidential Debates announced that some topics set to be discussed are the "Trump and Biden's records, the Supreme Court, Covid-19, the economy, race and violence in our cities, the integrity of the election." Market participants will be closely watching each candidate's stance and agenda for dealing with the economy.

    Sadly, the pandemic's death toll has surpassed 200,000 in the United States, with 7.19 million people infected, according to data compiled by John Hopkins University. Today, the American Academy of Pediatrics announced that children and teenagers now make up 10% up cases in the US, up from 2% in April, a worrying increase. The Central for Disease Control and Prevention (CDC) reported that "the incidence of COVID-19 in school-age children began rising in early September as many youngsters returned to their classrooms."

    Highlights

    • The Conference Board's index increased 15.5 points, the most since April 2003, to 101.8 from 86.3 in August, according to a report issued today. A group of economists surveyed by Bloomberg predicted a score of 90, an estimate which was exceeded.
    • Deutsche Bank Securities analyst Edison Yu reiterated a Buy rating on NIO with a $24 price target. Stock was on fire today, currently up around 11% on the day
    • Jason English upgraded Estee Lauder (EL) from Sell to Neutral and raised the price target from $147 to $231. Stock is currently $214.
    • Sorrento Therapeutics (SRNE) has been on a monster run after the company reported encouraging data for its experimental Covid-19 antibody therapy.
    • Kenneth Zaslow upgrades Hershey's (HSY) stock to Outperform with a price target lifted from $150 to $163. Stock is currently $141 and finished the day 0.6% up.
    • UBER is looking to expand in Europe. In discussion to buy Daimler and BMW's German ride-sharing app Free Now. Keep an eye on this one.
    • Raymond James (RJF) with interesting price action today.
      • Union Pacific (UNP) target raised $198 to $227 Strong-Buy
      • UPS target raised $165 to $195 Strong-Buy
      • Xpo Logistics (XPO) target raised $85 to $95 OUTPERFORM
    • FuelCell (FCEL) announced an offering of 31 million shares of common stock to the public.
    • U.S. benchmark oil prices end the session 3.2% lower at $39.29 a barrel as investors sell the commodity on worries U.S. crude-oil inventories will start to rise during the weak-demand fall season.
    • Square (SQ) was upgraded by Wolfe Research with a price target of $195 and Peer Perform to OUTPERFORM.
    • Restoration Hardware (RH) was upgraded by Cowen from $370 to $435 and MARKET PERFORM to OUTPERFORM (Keep an eye on this one it has been on a tear)
    • Piedmont Lithium (PLL) target raised by ROTH Capital from $20 to $41 with a POSITIVE rating, after a deal with Tesla (TSLA) was announced yesterday for the supply of Lithium.
    • Facebook (FB) had a target raised by Moffet Nathanson from $240 to $270 at BUY rating.
    • Alphabet (GOOG) was upgraded by Jeffries Financial Group to BUY rating with a price target of $1850.
    • Digital Realty Trust (DLR) had a target raised by Morgan Stanley (MS) from $141 to $148. This is one of the few REITS we like at the moment.
    • Carvana (CVNA) had Piper Sandler reiterate OVERWEIGHT rating and raise target from $209 to $265
    • Black Knight (BKI), currently at $86, had coverage initiated both by Bank of America (BAC) and also Knight Equity both at a $97 price target with a BUY rating.
    submitted by /u/psychotrader00
    [link] [comments]

    How do you the the market will react to the debate that just ended?

    Posted: 29 Sep 2020 07:51 PM PDT

    My guess is the market will react neutral since I didn't hear/learn anything new from the candidates. But it was an odd performance by both and wonder how/if the market reacts one way or another.

    submitted by /u/Zigmo_v1
    [link] [comments]

    A question about long vertical spreads.

    Posted: 29 Sep 2020 05:13 PM PDT

    Do you need to own an otm call option to sell in order to lower the total net cost, because if you need to purchase an otm call option to sell, wouldn't that have zero effect on the total net cost?

    submitted by /u/notimpossibleluck
    [link] [comments]

    Stock market real time game? (aka simulator)

    Posted: 29 Sep 2020 04:34 PM PDT

    Im looking for a platform to practice stock trading on since I'm underage, any free websites/apps which follow the actual stock market and give updates to your "money"?

    submitted by /u/DoggoTaps
    [link] [comments]

    Spaq and fisker merge

    Posted: 29 Sep 2020 06:25 PM PDT

    Spartan energy and fisker have agreed to do a reverse merger! not many people have been talking about this since August and July but it still looks like the merge will happen? If it does go through it's expected to go up about 200%? I'm unsure about this as there has been allot of negativity towards companies with no sales/ revenue because of the nikola disaster. Any thoughts on what might happen I'm really rooting for this to go through but you never know!

    submitted by /u/DetectiveMobile
    [link] [comments]

    Yahoo finance stock recomendations

    Posted: 29 Sep 2020 03:25 PM PDT

    Pretty much everyday yahoo finance has at least one article about stocks that a certain analyst predicts will grow anywhere from 50 to 500%. And these are often from analysts at well respected banks. Even once an article was based on billionaire david shaws recent investments. So anyone ever tried one of the recomendations long term? Since the articles themselves never seem to affect the stock price, i am guessing they are very speculative and high risk high reward but ive never tried.

    submitted by /u/AronwithoneA
    [link] [comments]

    Big merger

    Posted: 29 Sep 2020 06:43 PM PDT

    Spartan energy and fisker have agreed to do a reverse merger! not many people have been talking about this since August and July but it still looks like the merge will happen? If it does go through it's expected to go up about 200%? I'm unsure about this as there has been allot of negativity towards companies with no sales/ revenue because of the nikola disaster. Any thoughts on what might happen I'm really rooting for this to go through but you never know!

    submitted by /u/DetectiveMobile
    [link] [comments]

    Spaq merger with fisker!

    Posted: 29 Sep 2020 06:23 PM PDT

    Spartan energy and fisker have agreed to do a reverse merger! not many people have been talking about this since August and July but it still looks like the merge will happen? If it does go through it's expected to go up about 200%? I'm unsure about this as there has been allot of negativity towards companies with no sales/ revenue because of the nikola disaster. Any thoughts on what might happen I'm really rooting for this to go through but you never know!

    submitted by /u/DetectiveMobile
    [link] [comments]

    Watchlist: 9/29 Sellers Found, Futures Slipping

    Posted: 29 Sep 2020 05:21 AM PDT

    Market Notes:

    Futures slipped into the red this morning as after 2 days of impressive gains. Bulls made a run and pushed the SPY to the top of the resistance zone.

    I'm watching for yesterday's highs to get taken out to confirm the bulls are in charge.

    Watchlist:

    FLUX is a low float, on watch

    LUB is a low float, support at $2.70

    AMSC is a low float, resistance at $15

    AXGT is a low float, resistance at $5

    PFMT is a lowish float, resistance at $1.20

    SAVA is a lowish float, resistance at $11.50

    CVGI key level at $6

    BZH watching for a setup above $13.50

    CLDX key level at $15

    GALT has support at $3.50

    ATEC has resistance at $7

    LAC has resistance at $11.22

    EVRI resistance at $8.75

    PACB watching for a continuation

    PLUG has resistance at $14

    UMC has resistance at $5

    submitted by /u/tradingforkeeps
    [link] [comments]

    IPNFF

    Posted: 29 Sep 2020 05:47 PM PDT

    Huge interview thursday Tune in tomorrow and do some DD on IPNFF. This company is game changing!!!![https://register.gotowebinar.com/register/251151955396443915](https://register.gotowebinar.com/register/251151955396443915)

    submitted by /u/BenGerm84
    [link] [comments]

    October reports: Ones that will exceed expectations

    Posted: 29 Sep 2020 03:17 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.

    Any other?

    submitted by /u/AronwithoneA
    [link] [comments]

    Economist Magazine

    Posted: 29 Sep 2020 02:59 PM PDT

    I have been passing my time reading articles and other books. I was a big fan of The Economist but annoyed at the high price they charge. However, I was able to find a link to get discounts. Use them if you want: A 12 week subscription program using this link economist.com/ev5

    submitted by /u/RyanBerg36
    [link] [comments]

    Investing in Methane/LOX Suppliers Ahead of Future Starship Fleets?

    Posted: 29 Sep 2020 10:40 AM PDT

    Wash Sale notification error?

    Posted: 29 Sep 2020 01:56 PM PDT

    Two purchases:

    10 Shares on 8/24

    10 Shares on 9/8

    I sold 15 shares today (9/28) I got a wash sale notification afterwards.

    I am confused as I thought a wash sale was if you bought and sold to show a loss for tax purposes but later rebought the shares. I haven't rebought and I don't own any of the same securities in different accounts (same broker). Thoughts?

    submitted by /u/Rock_it_Scientist
    [link] [comments]

    Today's Nikola is called NOVA - Spruce Point issues Strong Sell opinion on Sunnova Energy with $5-$8 target

    Posted: 29 Sep 2020 09:36 AM PDT

    Spruce Point issues Strong Sell opinion on Sunnova Energy

    - Believes Evidence Clearly Shows that Sunnova's Senior Management has Obfuscated Ties to Past Failures and Fraud in SEC Filings, Including CEO William Berger's Tenure at Enron

    - Contends Sunnova is Being Promoted As A Hot Play On Solar Energy, but In Reality Is A Specialty Finance Business Without Meaningfully Differentiated Offerings

    - Shows that Sunnova is Overleveraged and Dependent on Aggressive Financial Presentation, Accounting and Non-GAAP Metrics Overly Flattering Its Performance

    - Underscores that a Former Sunnova Executive and Industry Experts Agree that the Company Has an Undifferentiated and Misunderstood Business Model

    - Spruce Point Estimates that Sunnova's Shares Face 80% Downside Risk

    https://www.prnewswire.com/news-releases/spruce-point-capital-management-releases-report-and-strong-sell-research-opinion-on-sunnova-energy-international-inc-nyse-nova-301139772.html

    Full Report https://www.sprucepointcap.com/sunnova-energy-international-inc/

    Shares of Sunnova Energy are moving lower after Spruce Point Capital Management issued a short report on the company predicting up to 88% downside in the shares. Sunnova is a "specialty finance company with undifferentiated offerings that operates in a competitive industry facing secular headwinds," Spruce Point said in a report posted on its website. Management "masks its poor and unsustainable economics with potentially misleading and assumption-based non-GAAP metrics and aggressive accounting," the firm known for short selling added. Spruce Point put a price target of $5 to $8 on the shares. Sunnova Energy in early trading is down 7.5%, or $2.00, to $24.74.

    submitted by /u/BuzzLima
    [link] [comments]

    Why does it say I bought it at a higher price then I did?

    Posted: 29 Sep 2020 12:45 PM PDT

    My TDAmeritrade account claims I bought a stock of Tesla (I'm holding it for the long run to see what happens) at $487 on my dashboard when my order history states I bought it at $417. Any thoughts? Anyone else have this issue when buying stocks through TDAmeritrade?

    submitted by /u/LegendaryLuke007
    [link] [comments]

    Is LuLulemom still a buy?

    Posted: 29 Sep 2020 12:40 PM PDT

    The had pull back about a month ago due to the release of their interactive Mirror, after acquiring said named stock .

    I think people didn't feel it could hold a candle to pelaton or the up and coming apple fitness plus and this resulted in shares decreasing in price.

    However, financials look pretty good considering. Their revenue is increasing year on year, the last trailing 12 months were higher than those if the past 5 years. And earnings per share is around $4.62.

    I Feel like there's still hope for Lululemon , despite some recent trepidation.

    Thought?

    submitted by /u/Lovedubai37
    [link] [comments]

    Paya - Yes, this is about FinTech Acquisition Corp. III (FTAC)'s target

    Posted: 29 Sep 2020 11:36 AM PDT

    Workhorse stock:The USPS contract.

    Posted: 29 Sep 2020 07:10 AM PDT

    When will we learn what companies USPS will go with? It was supposed to be the 28th of September to my knowledge but apparently we won't know until later. When has the announcement been pushed back to? I have some stock in wkhs now

    submitted by /u/IuseRedditforThings
    [link] [comments]

    Could a Biden presidency lead to a further correction BECAUSE of another shutdown?

    Posted: 29 Sep 2020 05:45 PM PDT

    Everyone is concerned about how biden or trump could affect the stock market in various ways. A lot of the hype goes towards Biden's "promise" to increase corporate taxes etc.

    I dont know if this is being overlooked but the democratic party seems to support shut downs. Coronavirus cases increase on a daily basis. And democrats always complain about how trump is handling the virus.

    Just a hypothetical isn't there a higher chance that if Biden took office and pulled another shutdown, we could see a further correction (and a good buying opportunity)?

    submitted by /u/SnorkelHouse
    [link] [comments]

    5G Plays?

    Posted: 29 Sep 2020 09:04 AM PDT

    What are the best 5G stocks to get into? Who's gonna be doing big numbers? who is cheap and has the potential for FAT growth?

    Ik 5G has the potential to change the digital world as we know it and has many new and innovative features, so i'm ready to get in. I recently bought Qualcomm and looking to put a bit of money on something smaller.

    submitted by /u/Early-Major5965
    [link] [comments]

    No comments:

    Post a Comment