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    Stocks - Mental health and awareness

    September 05, 2020

    Stocks - Mental health and awareness

    Mental health and awareness

    Posted: 05 Sep 2020 09:04 AM PDT

    After these past two red days, I'd like to take a moment to acknowledge some ways to support others. The stock market can be incredibly mentally debilitating, and I just wanted to personally use this thread as an opportunity for anyone to comment or talk about their experiences this past week, in the case they needed to. You are heard, and this community is full of good people that are hear to support you. Regardless of your performance, I hope you had a good past week, and have high hopes for the coming one due to the holiday.

    submitted by /u/pretty-zucchini
    [link] [comments]

    Wall Street Week Ahead for the trading week beginning September 7th, 2020

    Posted: 05 Sep 2020 08:29 AM PDT

    Good Saturday morning to all of you here on r/stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.

    Here is everything you need to know to get you ready for the trading week beginning September 7th, 2020.

    The stock market shakeout is likely not over yet, even with Friday's comeback - (Source)

    The tech wreck is probably not over, despite Friday's market comeback.

    Analysts expect the shakeout in stocks to continue after the long Labor Day weekend, especially in technology names and the Nasdaq, areas of the market that notched the sharpest gains.

    After August's 7% gain in the S&P 500, stocks started September strong, and then just as quickly rolled over. The Nasdaq lost 5% Thursday and was down sharply Friday but pared losses to decline 1.5%. The S&P 500 was down about 2.3% for the week, even after a 3.5% loss Thursday.

    "I think this is a good wake-up call and a reminder that there are risks out there," said Leo Grohowski, chief investment officer at BNY Mellon Wealth Management. "In August, we did take a little bit off the table."

    Analysts expect the week ahead to be busy, with holidays ending and more market pros back at their desks. There is some economic data, most importantly Friday's consumer price index. The reading on consumer inflation is expected to show little change in core inflation with forecasts for a gain of just 0.2% in August, or 1.6% year over year.

    Froth blowing off

    The stock sell-off came as market pros were becoming increasingly wary of froth in the market, particularly in tech and momentum names. On Friday, it was revealed that SoftBank was behind billions in large options bets on individual tech stocks, like Amazon, Microsoft, Apple and Tesla. News reports said the trades were made over the past month, and SoftBank had been building unusually large positions in call options, or those that bet the prices of underlying stocks would rise.

    One analyst said the fact that SoftBank was "gunning the market" makes him worry that there is more selling to come in Nasdaq names. As SoftBank bought call options, the sellers had to buy stocks, conceivably driving up prices in a trading feedback loop.

    "It's just a trip to the casino," said Peter Boockvar, chief investment officer at Bleakley Advisory Group. "If they're supposed to be an investment company taking a long-term horizon, then trying to juice your short-term return through options, you've turned into a hedge fund."

    JPMorgan strategists said they expect the market to recover gradually, but there are still presidential election uncertainties looming in the next couple of months.

    "The significant reduction in previously extreme long positions in Nasdaq by momentum traders should allow the equity market to recover over the coming weeks, as happened after the June 11th correction," noted JPMorgan analysts. "But a repeat of the strong gains seen during July and August is less likely over the next two months."

    Grohowski said there could be more selling in the tech and internet companies, or those that were viewed did well as workers stayed home and the economy was shutdown. "It's not the start of a big lasting correction, but a forewarning the next couple of weeks and months are going to be choppy. I think it's going to be a sideways kind of market," Grohowski said. He added the market could be choppy in the week ahead.

    "We're a little more cautious, not to mention the market is trading at 23 times our earnings estimates for 2021," said Grohowski. He said the fact there is about $4.5 trillion in money market funds is a bullish signm since that money could find its way into the stock market.

    Julian Emanuel, head of equities and derivatives strategy at BTIG, said the S&P 500 could dip to its 200-day moving average, or 3,092, before rebounding, which would be about a 15% move in total.

    "I don't think the sell-off is over. Nasdaq is up 83%s since March 23, the S&P is up 63%," said Emanuel.

    This past week saw the following moves in the S&P:

    (CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

    Major Indices for this past week:

    (CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

    Major Futures Markets as of Friday's close:

    (CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

    Economic Calendar for the Week Ahead:

    (CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

    Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    S&P Sectors for the Past Week:

    (CLICK HERE FOR THE CHART!)

    Major Indices Pullback/Correction Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!

    Major Indices Rally Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    Most Anticipated Earnings Releases for this week:

    (CLICK HERE FOR THE CHART!)

    Here are the upcoming IPO's for this week:

    (CLICK HERE FOR THE CHART!)

    Friday's Stock Analyst Upgrades & Downgrades:

    (CLICK HERE FOR THE CHART LINK #1!)
    (CLICK HERE FOR THE CHART LINK #2!)

    Small Caps Best Day After Labor Day

    In the last 21 years, only Russell 2000 has registered an average gain of 0.16% on the Tuesday after the long Labor Day weekend. DJIA, S&P 500 and NASDAQ have struggled with negative average performance. NASDAQ and Russell 2000 have been up five of the last eight years, but DJIA, S&P 500, NASDAQ and Russell 2000 all have fallen for the last three years on Tuesday. On Wednesday the market's performance has been varied. DJIA has performed the best, up 76.2% of the time with an average gain of 0.25%. S&P 500 is worst, up only 42.9% of the time with an average gain of 0.13%.

    (CLICK HERE FOR THE CHART!)

    Big August: Bullish or Bearish?

    Big August 2020 logged the 4th biggest August percent gain for the S&P 500 since 1949 and the 6th biggest since 1930. But, is this bullish or bearish for the market in the coming months? Hopefully the table below provides some perspective by comparing the previous Top 20 S&P 500 Augusts since 1949 to July, September, Q4 and the succeeding "Best Six Months" November-April.

    Subsequent Septembers were down 15 of 20 years for an average loss of -1.0% (median loss of -0.7%). Q4 is positive with gains in 13 of the 20 years for an average gain of 1.0% (median gain of 3.0%). The following Best Six Months are more bullish, up 16 of the 20 years with an average gain of 7.6% (median gain of 8.5%).

    Looking at just the 7 years that were preceded by big Julys shows some improvement for September but Q4s are worse, containing the largest Q4 losses. Back-to-back big Julys and big Augusts were followed by improved Best Six Months results, up in all 7 instances with a higher average and median gain and the top gain.

    (CLICK HERE FOR THE CHART!)

    Analyzing the Jobs Report

    The jobs market remains strong, as the August nonfarm payrolls came in at a solid 1.37 million jobs created, right in line with expectations. This was the fourth consecutive month of gains, up 10.6 million over this time frame. In March and April more than 22 million jobs were lost, so we still aren't quite to half of the jobs recovered though.

    This was the second consecutive month there was a very weak ADP private payrolls number ahead of the monthly jobs report, adding to the worries, but the actual nonfarm payroll number was once again quite solid. Don't forget, just yesterday we saw initial jobless claims come in at 881,000, the lowest number since the week ending March 14, another improving employment number.

    The big surprise in today's report though was the unemployment rate fell to 8.4%, from 10.2% last month and an expected 9.8%. This was the lowest unemployment rate since 4.4% in March.

    "This was an impressive report and once again showed the economy remained quite resilient," explained LPL Financial Chief Market Strategist Ryan Detrick. "But 8% unemployment is 8% unemployment, so let's not get too excited, but we'll still take this improving trend in the employment picture."

    As shown in the LPL Chart of the Day, even though more than 10 million jobs have been created in the past four months, the sad truth is we are still quite a long way from recovering all the jobs lost due to the pandemic. In fact, looking at previous cycles, it has taken years for all of the lost jobs to come back and this time doesn't appear any different.

    (CLICK HERE FOR THE CHART!)

    One thing to consider is could this solid number make it harder for Washington to agree on the next stimulus plan? We are watching this closely, but with the two sides still close to a trillion dollars apart, today's report will likely do little to help the two sides come to a quick resolution.

    Last, don't forget that stocks gained more than 60% in less than six months, so some weakness would be perfectly normal. In fact, looking at the two previous strongest starts to a bull market ever ('82 and '09) both saw some weakness right around now.

    (CLICK HERE FOR THE CHART!)

    3 Charts To Watch If You Are Bullish

    The S&P 500 Index just closed the door on its best August since 1986, making new all-time highs along the way, while also closing up five months in a row.

    First things first, make no mistake about it; this is a new bull market. That of course doesn't mean it will last years like previous bull markets, but a nearly 57% gain in 5 months is what we'd classify as a bull market.

    Here are all the bull markets going back to the Great Depression and where this one ranks.

    (CLICK HERE FOR THE CHART!)

    Now let's dig into the 5 month win streak. It is quite rare for stocks to gain from April through August, as the summer months tend to be somewhat tricky. Yet, we found there were six other years that saw these 5 months all close higher and the rest of the year was higher five times, with some solid returns in there. In fact, the only year that was lower the rest of the year was 2018, mainly due to the Fed policy mistake in December 2018.

    (CLICK HERE FOR THE CHART!)

    "What might surprise many investors is 5 month win streaks are actually incredibly bullish going forward," explained LPL Financial Chief Market Strategist Ryan Detrick. "In fact, a year after a 5 month win streak has seen the S&P 500 higher 25 of the past 26 times."

    As shown in the LPL Chart of the Day, the S&P 500 Index gained more than 35% during this 5 month win streak, the most ever. Yet, the future gains after 5 month win streaks is very impressive, higher 25 out of 26 times a year later. An object in motion tends to stay in motion and this sure seems to be the case here.

    (CLICK HERE FOR THE CHART!)

    Historic August Opens Door To Worst Month Of The Year

    What a month August has been so far, with the S&P 500 Index up more than 7%, for the best August since 1984. Not to be outdone, this is the first time in history August saw two separate 6-day (or more) win streaks. Last, with one day to go, the S&P 500 has gained 16 days so far this month, for the most since 16 in April 2019. Meanwhile, it is the most up days for any August since 2003.

    "Well, 2020 has laughed at many of these things, but be aware September is indeed the worst month of the year on average," explained LPL Financial Chief Market Strategist Ryan Detrick. "But what caught our attention was both September and October have a negative return during election years, with October the worst month of the year. Could investors get election jitters again in 2020?"

    As show in the LPL Chart of the Day, September tends to be a weak month. In fact, it is the weakest month on average since 1950. Additionally, the last two times August was up more than 5% were 1986 and 2000; the S&P 500 fell 8.5% and 5.4% in September those years.

    (CLICK HERE FOR THE CHART!)

    Breaking things down by just an election year shows that August actually tends to be strong. That obviously played out this year, but now will the weakness we usually see in September and October play out?

    (CLICK HERE FOR THE CHART!)

    Finally, after today, the S&P 500 will be up 5 consecutive months. Looking at the other years that saw a similar summer rallies, there tended to be more strength the final 4 months of the year, with only the Federal Reserve policy mistake of December 2018 blemishing this impressive track record.

    (CLICK HERE FOR THE CHART!)

    Yes, this record equity run is extremely stretched, but we would continue to use any pullbacks as an opportunity to add to longer-term core equity holdings, as the economy continues to come back quicker than most expected.

    (CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
    (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

    Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

    Monday 9.7.20 Before Market Open:

    ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())

    (NONE. U.S. MARKETS CLOSED IN OBSERVANCE OF LABOR DAY.)

    Monday 9.7.20 After Market Close:

    ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

    (NONE. U.S. MARKETS CLOSED IN OBSERVANCE OF LABOR DAY.)

    Tuesday 9.8.20 Before Market Open:

    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Tuesday 9.8.20 After Market Close:

    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Wednesday 9.9.20 Before Market Open:

    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Wednesday 9.9.20 After Market Close:

    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Thursday 9.10.20 Before Market Open:

    ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())

    (NONE.)

    Thursday 9.10.20 After Market Close:

    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Friday 9.11.20 Before Market Open:

    ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())

    (NONE.)

    Friday 9.11.20 After Market Close:

    ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

    (NONE.)

    Peloton Interactive $80.63

    Peloton Interactive (PTON) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, September 10, 2020. The consensus earnings estimate is $0.10 per share on revenue of $566.53 million and the Earnings Whisper ® number is $0.13 per share. Investor sentiment going into the company's earnings release has 84% expecting an earnings beat The company's guidance was for revenue of $500.00 million to $520.00 million. Short interest has decreased by 62.5% since the company's last earnings release while the stock has drifted higher by 78.8% from its open following the earnings release to be 92.6% above its 200 day moving average of $41.86. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 11.6% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Slack Technologies, Inc. $29.07

    Slack Technologies, Inc. (WORK) is confirmed to report earnings at approximately 4:10 PM ET on Tuesday, September 8, 2020. The consensus estimate is for a loss of $0.03 per share on revenue of $208.33 million and the Earnings Whisper ® number is ($0.01) per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat The company's guidance was for a loss of $0.04 to $0.03 per share on revenue of $206.00 million to $209.00 million. Consensus estimates are for year-over-year earnings growth of 96.94% with revenue increasing by 43.70%. Short interest has increased by 93.1% since the company's last earnings release while the stock has drifted lower by 8.5% from its open following the earnings release to be 6.8% above its 200 day moving average of $27.22. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 7.8% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    lululemon athletica inc. $361.41

    lululemon athletica inc. (LULU) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, September 8, 2020. The consensus earnings estimate is $0.56 per share on revenue of $832.92 million and the Earnings Whisper ® number is $0.60 per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 41.67% with revenue decreasing by 5.71%. Short interest has decreased by 16.0% since the company's last earnings release while the stock has drifted higher by 19.3% from its open following the earnings release to be 38.7% above its 200 day moving average of $260.62. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 11.0% move on earnings and the stock has averaged a 6.3% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Chewy, Inc. $61.18

    Chewy, Inc. (CHWY) is confirmed to report earnings at approximately 4:10 PM ET on Thursday, September 10, 2020. The consensus estimate is for a loss of $0.15 per share on revenue of $1.64 billion and the Earnings Whisper ® number is ($0.14) per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 28.57% with revenue increasing by 42.17%. Short interest has decreased by 5.4% since the company's last earnings release while the stock has drifted higher by 20.1% from its open following the earnings release to be 57.3% above its 200 day moving average of $38.89. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 5.3% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Kroger Co. $35.47

    Kroger Co. (KR) is confirmed to report earnings at approximately 7:30 AM ET on Friday, September 11, 2020. The consensus earnings estimate is $0.50 per share on revenue of $29.66 billion and the Earnings Whisper ® number is $0.56 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 13.64% with revenue increasing by 5.30%. Short interest has increased by 8.3% since the company's last earnings release while the stock has drifted higher by 9.7% from its open following the earnings release to be 13.1% above its 200 day moving average of $31.36. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, August 24, 2020 there was some notable buying of 2,648 contracts of the $33.00 put expiring on Friday, September 18, 2020. Option traders are pricing in a 7.5% move on earnings and the stock has averaged a 4.4% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Zscaler, Inc. $134.34

    Zscaler, Inc. (ZS) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, September 9, 2020. The consensus earnings estimate is $0.03 per share on revenue of $118.41 million and the Earnings Whisper ® number is $0.05 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for earnings of $0.02 to $0.03 per share on revenue of $117.00 million to $119.00 million. Consensus estimates are for earnings to decline year-over-year by 57.14% with revenue increasing by 37.51%. Short interest has decreased by 23.9% since the company's last earnings release while the stock has drifted higher by 54.3% from its open following the earnings release to be 68.5% above its 200 day moving average of $79.71. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, August 20, 2020 there was some notable buying of 1,017 contracts of the $115.00 put expiring on Friday, November 20, 2020. Option traders are pricing in a 17.9% move on earnings and the stock has averaged a 16.4% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Coupa Software $285.81

    Coupa Software (COUP) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, September 8, 2020. The consensus earnings estimate is $0.08 per share on revenue of $118.84 million and the Earnings Whisper ® number is $0.14 per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat The company's guidance was for earnings of $0.06 to $0.08 per share on revenue of $118.00 million to $119.00 million. Consensus estimates are for earnings to decline year-over-year by 11.11% with revenue increasing by 24.91%. Short interest has decreased by 12.9% since the company's last earnings release while the stock has drifted higher by 34.2% from its open following the earnings release to be 41.3% above its 200 day moving average of $202.31. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, August 17, 2020 there was some notable buying of 538 contracts of the $270.00 put expiring on Friday, September 18, 2020. Option traders are pricing in a 18.8% move on earnings and the stock has averaged a 8.2% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Lovesac Company $29.44

    Lovesac Company (LOVE) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, September 9, 2020. The consensus estimate is for a loss of $0.55 per share on revenue of $52.58 million and the Earnings Whisper ® number is ($0.46) per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 77.42% with revenue increasing by 9.21%. Short interest has decreased by 29.1% since the company's last earnings release while the stock has drifted higher by 41.0% from its open following the earnings release to be 74.7% above its 200 day moving average of $16.85. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 20.9% move on earnings in recent quarters.

    (CLICK HERE FOR THE CHART!)

    American Eagle Outfitters, Inc. $12.86

    American Eagle Outfitters, Inc. (AEO) is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, September 9, 2020. The consensus estimate is for a loss of $0.14 per share on revenue of $833.66 million and the Earnings Whisper ® number is ($0.11) per share. Investor sentiment going into the company's earnings release has 39% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 135.90% with revenue decreasing by 19.91%. Short interest has increased by 45.8% since the company's last earnings release while the stock has drifted higher by 13.8% from its open following the earnings release to be 11.4% above its 200 day moving average of $11.54. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, August 21, 2020 there was some notable buying of 5,605 contracts of the $11.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 13.8% move on earnings and the stock has averaged a 6.9% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    HealthEquity, Inc. $58.47

    HealthEquity, Inc. (HQY) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, September 8, 2020. The consensus earnings estimate is $0.27 per share on revenue of $171.32 million and the Earnings Whisper ® number is $0.31 per share. Investor sentiment going into the company's earnings release has 62% expecting an earnings beat The company's guidance was for earnings of $0.23 to $0.30 per share on revenue of $168.00 million to $173.00 million. Consensus estimates are for earnings to decline year-over-year by 40.00% with revenue increasing by 97.78%. Short interest has decreased by 3.6% since the company's last earnings release while the stock has drifted higher by 2.7% from its open following the earnings release to be 3.5% below its 200 day moving average of $60.62. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.9% move on earnings and the stock has averaged a 4.0% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    DISCUSS!

    What are you all watching for in this upcoming holiday-shortened trading week?

    I hope you all have a wonderful weekend and a great trading week ahead r/stocks.

    submitted by /u/bigbear0083
    [link] [comments]

    S&P 500 adds three companies not named Tesla, sending car company’s shares down

    Posted: 04 Sep 2020 02:48 PM PDT

    https://www.marketwatch.com/story/sp-500-adds-three-companies-not-named-tesla-sending-car-companys-shares-down-2020-09-04?link=MW_latest_news

    Just in case yall Tesla stock owners did not feel shitty enough after these 2 days...

    I guess Tesla is too volatile to be included. It does not suit SPY's stability for now.

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

    I'm a bit confused about what makes a stock grow

    Posted: 05 Sep 2020 12:23 PM PDT

    I'm a bit confused. What exactly makes a stock grow. I heard if a company is successful more people will want to buy a stock from it. And the more people buy a stock from something the more the value of the stock grows. So is the value of a stock entirely dependant on how many people buy the stock and it has nothing to do with the companies growth? For example, suppose there's a very poor performing company. And a couple 1000 people invest in the stock anyway for whatever reason. Would that mean the value of the stock would go up? If that does make it go up then how does the value of the company matter in this equation. I have searched this up but none of the sources I checked really had a clear answer to my question.

    Also while I'm on the topic of questions why are things like Robbin hood, cryptocoin and penny stock banned on this subreddit. Aren't they a related topic?

    I'm just getting into learning about stocks and investing since I won't be starting university until January and I thought I might as well make the most of the time. Some concepts like this are still a bit confusing to me so sorry if the answer to this is something really obvious.

    submitted by /u/Nichol134
    [link] [comments]

    Buffet sells more WFC

    Posted: 05 Sep 2020 04:47 AM PDT

    Buffet further trimmed his position in Wells Fargo. The entire financial industry certainly still seems undervalued, and there's likely more pain for WFC on Tuesday when the markets open after this news broke. What do you guys think about the future of WFC? Not a pick for huge returns short term, but is this a good play for the long term?

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

    Just DCA ETFs?

    Posted: 05 Sep 2020 11:11 AM PDT

    Just turned 21 this year. have about 60k savings
    I am thinking of just dollar cost averaging some ETFs ( flexible to buy stocks as well )
    Goal : long term portfolio ( for marriage or house or whatever lol )
    What I have in mind : VOO, QQQ, SOXX/SMH ( need opinion on this), ICLN/ARKK ( need opinion on this too) I have about 1k in VOO now
    Roast me ( or genuine advice appreciated too )

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

    Don’t just sell half of position to lock in profits.

    Posted: 05 Sep 2020 11:54 AM PDT

    Hear me out. I've seen on here a couple of times someone hits a stock run and they sell half their position to lock in profits.

    Use a stop-loss at the profit taking price for half your position. If the stock goes on a continued run you didn't sell yourself out and get the benefit to reset your stop-loss at a new point, if it doesn't you automatically lock in profit as you wanted without thinking about it.

    Just food for thought.

    submitted by /u/fsuphil
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    best seeking alpha writers? these two small guys make great calls.

    Posted: 05 Sep 2020 11:42 AM PDT

    edit: had to remove their names because people dont understand that im asking a question and not soliciting them

    im looking for writers like this: small guys with little attention with best ideas. they have quality dd and dont spam articles like majority of the pussies on SA.

    guys with lots of followers, lots of articles, no skin in the game in the stocks they invest are scams, im not looking for introduction to stocks. im looking for quality dd. who makes great calls on SA?

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

    Does your portfolio outperform the S&P long term? If so, over what period of time?

    Posted: 05 Sep 2020 01:47 PM PDT

    For those of you who have outperformed the stock market over a number of years, how much further ahead are you than where you would've been by investing only in the S&P?

    submitted by /u/david-adam
    [link] [comments]

    I've been developing a basic call options strategy and I'd appreciate feedback

    Posted: 04 Sep 2020 06:11 PM PDT

    Heres my process

    • go to yahoo earnings calander and look at the next 1-4 weeks

    -find a company I recognize and have a general understanding of

    -look at recent EPS and expected eps. If their expected looks like a good jump up, continue. If not keep moving.

    -take into account overall market and any hype on the stock. If it looks mostly positive continue. If it looks neutral, continue with caution

    -look at greeks&IV along with stock trends over the past 3 months & 1 year. If all looks decent proceed to purchase a call.

    -purchase a call option in my price range with the lowest vega and closest to current market price possible that extends beyond earnings date.

    -sell call option between no less than 3 hours before EPS release, night before, or if x% profit has been achieved at any given point

    Anyone have any other things to watch for? Steps to add/remove? Any general advice is appreciated

    submitted by /u/IH8KICKFLIPS
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    Are dividends stocks really worth it?

    Posted: 05 Sep 2020 10:22 AM PDT

    Hey, beginner here. Straight to the point - are dividends really worth to buy? Let's set up scenario: I'll buy 32 shares of stocks with price of 14$ per stock. So it makes about 450$ in total. Let's say company in which I bought dividends are paying annual dividends of 0.90 per share. So I would get 32 x 0.90 - 28.80$. In order to actually start to make profit from the amount I've invested (450$) it would take roughly 16 years (that being said, we can't even be sure that company wouldn't run bankrupt or stopped paying dividends, so there are other risk factors to be considered). 16 years of waiting for it to actually start paying off, sounds a lot for me, but is it the actually point of dividends or what am I missing here, why would I buy them if I had to wait that much + I wouldn't invest in only one company so the wait would be much longer. Sounds something good to set up for my children, but definitely not for me.

    submitted by /u/DoctorSnaut
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    FDA flags Mylan ingredients plant in ongoing fallout from global blood pressure med recalls | FiercePharma

    Posted: 05 Sep 2020 02:36 PM PDT

    Generics maker Mylan ran afoul of the FDA late last year for lax testing protocols that could have led to active pharmaceutical ingredients (APIs) tainted with a probable carcinogen. Learning its lesson, Mylan battened down operations at another of its Indian API plants—but the FDA still found issues.

    The FDA cited Mylan for failing to adequately test recycled solvents at its Sangareddy, India, Unit 7 plant imported from a contract manufacturer the agency previously flagged for nitrosamine contamination, according to a warning letter posted Tuesday. During an inspection in February, investigators found Mylan failed to maintain cleaning records for bulk storage tanks that contained the manufacturer's recycled solvents and protocols to adequately test solvents before reuse in API production.

    In a statement, Mylan said it had submitted a response to the FDA's letter and didn't expect an interruption in supply. After the FDA flagged another Mylan API plant—Unit 8—in November for nitrosamine contamination, the drugmaker installed new controls to prevent a similar contamination at Unit 7. Despite using the flagged contract manufacturer's solvents, Mylan said "extensive testing of APIs manufactured and distributed by the site was performed for the presence of nitrosamine impurities and no evidence of cross contamination was identified." RELATED: Mylan plant knocked for sloppy manufacturing controls in tainted valsartan fiasco Mylan's Unit 8 in Andhra Pradesh, India, was targeted as part of the fallout from a series of global recalls for "sartan"-based blood pressure medicines found to contain high levels of nitrosamines, particularly the probable human carcinogen N-nitrosodimethylamine (NDMA). In November, an FDA letter accused Mylan of failing to present written procedures to control the testing and handling of valsartan API at Unit 8 during an inspection the previous May. Mylan's processes were "inadequate" to prevent "contamination and cross-contamination with nitrosamine impurities," including NDMA and N-nitrosodiethylamine, the FDA said. In August 2019, the agency issued another warning letter to an Indian solvent recovery firm whose products may have contributed to some of the tainted drugs. The letter to Lantech Pharmaceuticals said its processing methods left open the chance for cross-contamination of solvents. Mylan tied its own contamination back to tainted solvents as well, telling the FDA that contract manufacturers had sent contaminated batches. The FDA still knocked Mylan for not doing enough to adequately track individual batches. RELATED: Metformin recalls continue as Bayshore pulls diabetes drug on carcinogen scare The FDA has implicated NDMA, in particular, for a growing number of recalls, most recently for versions of generic diabetes med metformin found to contain high levels of the compound. Last month, New Jersey-based Bayshore Pharmaceuticals voluntarily recalled one lot each of its 500- and 750-milligram extended-release metformin after the FDA found high levels of NDMA. The recalled lots were manufactured by Beximco Pharmaceuticals in Dhaka, Bangladesh, in June 2019 for U.S. distribution. The FDA requested five other drugmakers—Lupin, Apotex, Teva, Amneal, Marksans—pull their versions off shelves after testing. A seventh drugmaker, Granules, also pulled lots of their metformin version off shelves in July. NDMA was also linked to global recalls for branded and generic heartburn med Zantac, which roped in some of the generics industry's biggest players.

    https://www.fiercepharma.com/manufacturing/fda-flags-mylan-ingredients-plant-ongoing-fallout-from-global-blood-pressure-med

    submitted by /u/MountainsMan55
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    Is this a good strategy for buying in over time?

    Posted: 05 Sep 2020 12:56 PM PDT

    Ok. So let's say I have 30k to spend and I think the market will drop more over the next few months (tech in particular).

    I spend 3k last week. Instead of buying 3 k every week, I bump it up to 4 or 5k every 2 weeks or on bigger drop. And then 6 or 7 and so on. That way in spending more as it drops more. Obviously it's not guaranteed bc you don't know if it will drop, when, how much, etc. Any thoughts though?

    submitted by /u/rammerman123
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    Looking for app to quickly seeing a list of 5 day % change for stocks

    Posted: 05 Sep 2020 12:35 PM PDT

    Hey everyone, I'm looking for an iOS app for quickly seeing a list of 5 day % change for the stocks I have. I only see the 1 day percent change when viewing a list of stocks and I would prefer not to have to look at each individual stock's graph of the last week.

    The apps I've tried (and not found the desired feature in) are: Stocks (default iOS app) Yahoo Finance CNBC Stock Market

    Thanks in advance!

    submitted by /u/nbastar778
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    Covered Call ETF

    Posted: 05 Sep 2020 12:27 PM PDT

    What do y'all think of DIAX or QYLD? Is it a risky investment? Seems like it's good for income based income. What are the ups or downs of Closed End Funds?

    submitted by /u/AnotherThrowaway5674
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    Eli5 the impact of this Softbank fiasco

    Posted: 05 Sep 2020 12:19 PM PDT

    I get the gist of what happened, basically a pump and dump by Softbank into NASDAQ, correct?

    Long term I doubt this will have any effect of NASDAQ, but what about short term? Week, month etc. What is the general consensus now that this has been "revealed" and what is expected?

    submitted by /u/Kwtop
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    Fidelity Tech Sector

    Posted: 05 Sep 2020 11:52 AM PDT

    I'm betting on tech and my main tech position is FSPTX and up 60%. Thinking FTEC or VGT (Vanguard) is better option moving forward due to more holdings roughly 330 vs. 73 and low expense ratio.

    What's everyone's opinion, keeping adding into FSPTX or start new position in FTEC or VGT ?

    submitted by /u/MHB380
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    The Wedge That Stopped The S&P500

    Posted: 05 Sep 2020 05:47 AM PDT

    Technicals alone don't make a strategy but there's a pretty prominent technical setup dictating S&P highs and lows at the moment.

    Trading off it would have nailed the COVID bottom and now the top of the rally. It's definitely interesting enough to keep an eye on...

    https://www.adscapital.com.au/blog/SPWedge

    submitted by /u/aamcoc
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    ARK funds and Pinterest

    Posted: 05 Sep 2020 10:20 AM PDT

    Can anyone explain why Pinterest is found in 3 big ARK funds?

    I personally consider Pinterest as plague of the internet.

    Pinterest is like the virus that infected Google Image Search. It's garbage shows up in nearly every image search.

    You can't visit their website without signing up. I've no doubt half of Pinterest's active users are people who signed up just to avoid the annoying "you should log in!"

    Actually clicking on Pinterest never provides anything useful, It's THE worst social media company.

    Why is this garbage " social media " company included in ARK funds? How is it considered disruptive??

    ARKK, Pinterest weight 1.29% | ARKW, Pinterest weight 2.58% | ARKF, Pinterest weight 3.60% |

    submitted by /u/ntrsfrml
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    Thoughts on Quantumscape? Has a public announcement been made?

    Posted: 05 Sep 2020 10:00 AM PDT

    Doing research and reading analysis of it and it seems likely it could be a stonk with the potential of EV batteries better than lithium Ion. Is it going public with Kensington Capital(merger) or will it go public under its own symbol? It could upset Tesla, but I would like to add it to my portfolio either way. I haven't found set in stone dates.

    submitted by /u/Subie-
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    Some interesting news in the stock market this week

    Posted: 05 Sep 2020 03:55 AM PDT

    Growth stocks

    Penn National jumped 14% to $58 on Tuesday after Craig-Hallum analyst Ryan Sigdal talked up potential for $75 one year target price and $200 within a few years

    Thats a big jump for an extremely volatile stock that has seen 52 week hi/lows of $59.10/$3.73 but the thesis seems sound.

    The short version is that Sigdal thinks the new Barstool Sports app can quickly convert 10% or 6.6 million Barstool users at a fraction of the industry average cost and using forecasts from PENN we can estimate future EBITDA of $1.6bn. That would make PENN's current market cap of $8bn look cheap at 5x forward EBITDA.

    The longer version is as follows;

    In February, $PENN closed its investment in Barstool Sports in which they purchased approximately 36% of the common stock of Barstool Sports for approximately $163 million.

    Barstool Sports is a digital media powerhouse founded by American internet celebrity blogger David Portnoy. With roughly 66 million monthly unique visitors, it dominates the landscape for digital media and sports. It has 14.7 Million monthly unique visitors to its website as well as roughly 66 million followers on Instagram, Twitter, SnapChat, TikTok, and Facebook combined. It also has its own radio channel on SiriusXMgger, and founder of the sports and pop culture blog Barstool Sports.

    "Dave Portnoy is a marketing genius," Sigdahl wrote. "If millions of people follow his pizza reviews and stock trading, how many do you think will follow his sports betting recommendations? We think a lot."

    The beauty of this deal is PENN became Barstool Sports' exclusive gaming partner for up to 40 years and has the sole right to utilize the Barstool Sports brand for all of its online and retail sports betting and iCasino products.

    Sigdal estimated 10% of the 66 million 'Stoolies' could be converted to the new sportsbook app. And based on the initial $163m purchase price for Penn's Barstool stake, customer acquisition costs would be $30-$35 compared to industry averages of $250. Due to those low customer acquisition costs PENN should enjoy market-leading 30% EBITDA margins.

    PENN said in a May release "If we convert 5% of both the 66 million Barstool audience and the 5 million active members in mychoice to sports betting and iCasino customers, we could achieve 13% market share by revenue at maturity" and divulged that would generate revenue/EBITDA of $2.6bn/$0.8bn. Assuming a 10% conversion we get $5.2bn/$1.6bn.

    That would make PENN's current market cap of $8bn look cheap at 5x EBITDA. A multiple of 15x seems appropriate given the huge potential growth as more states legalize sports betting, significant potential cross selling opportunities to iCasino, physical casinos, etc.

    ​

    Value stocks

    The Michaels Companies dropped 14% on Thursday which is surprising given th impressive results it announced. $MIK Comparable-store sales rose 12%, which included e-commerce growth of 353%, and overall revenue increased 11.1% to $1.15 billion, easily beating estimates at $1.01 billion.

    Michaels is a unique retailer and a rare opportunity in the retail sector, especially with its current momentum, new CEO, and e-commerce initiatives.

    The stock is up 10x from March lows but with a trailing PE of just 9.2 and decent growth (forward PE 6.77) the valuation looks cheap.

    ​

    Insider buying

    Shares of Camping World Holdings $CWH rose more than 11% on Tuesday after the CEO of the recreational-vehicle lifestyle company continued his string of insider stock purchases, acquiring another 17,525 shares at an average price of $29.04.

    It has been a pretty good year so far for Camping World as RV sales are up 8% and the company is undeniably getting a sales bump from the pandemic, longer-term migration out of densely populated cities thanks to cloud computing and remote work. But CWH sees further opportunity as households are increasing seeking access to the outdoors. It estimates some 11 million American households have an RV, and since it operates in just 36 states, there's a possibility it can continue to expand its footprint with approximately eight to 10 new stores a year. With a 2020 PE of 12.0 the valuation looks very reasonable.

    ​

    SmileDirectClub up 25% SDC after CEO David Katzman bought nearly 1.3 million shares for roughly $10.3 million. His son, Jordan Katzman, purchased 663,130 shares for around $5.3 million and CFO Kyle Wailes invested an additional $153,800. Two other directors also bought smaller stakes.

    $SDC is a terrific example of a business that could do very well when people are at home. Its popular teeth-straightening products are a hit with consumers, because they're cheaper than braces. And because customers can get the products shipped directly to their homes without even needing to visit one of the company's SmileShops, SmileDirectClub makes for the ideal stay-at-home stock. Growing quickly with a huge potential market, it's valuation at 5x revenues ($3.8 bn) looks cheap.

    It is estimated that there are 124 million potential orthodontic customers in the U.S. and half a billion worldwide. That's a total addressable market of $245 billion in the U.S. and $700 billion in the rest of the world. That is a global TAM of $945 billion with SmileDirectClub's current market cap amounting to a tiny fraction of that.

    The company is high risk and speculative. It faces challenges from the dental lobby, state regulators and a class action suit. However when considered against the huge potential opportunity and reasonable valuation, it looks like a tempting gamble.

    This is is not a recommendation to buy or sell. Stocks are not suitable for everyone. Some of the stocks mentioned are risky small cap and/or highly speculative. Please do your own research.

    submitted by /u/InterestingNews1
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