Stocks - r/Stocks Daily Discussion & Options Trading Thursday - Sep 03, 2020 |
- r/Stocks Daily Discussion & Options Trading Thursday - Sep 03, 2020
- Just my luck...
- Calm dow, you only lose money if you sell
- The Chicago Cubs Name DraftKings Their First Official and Exclusive Sports Betting And Daily Fantasy Partner Chicago Cubs and DraftKings Also Plan to Pursue Flagship Retail Sportsbook at Wrigley Field
- Today was one if not the largest market cap wipe outs in history
- Only one stock closed the day in the green out of the Top 100 - guess who?
- Are we in a COVID/tech bubble? Here’s how to tell (+ my thoughts)
- Who decides when stocks go up or down? I mean seriously...
- Careful with thinking This is the only dip
- NIO achieves it's best ever monthly performance on both deliveries and order growth
- GOOG vs GOOGL prices
- Which app is better then Yahoo Finance? For tracking your portfolio ��
- Smith & Wesson (SWBI) killed earnings
- Thoughts on NET on today's red day?
- RKT Earnings
- Is today the day to really pick up more ICLN?
- Only 4 S&P500 stocks have a P/E ratio over 100
- Any other Merrill Edge customers? They are down right now and it's killing me
- Where to buy during today’s dip
- Stocks you’re looking at to get into if dip continues?
- Tesla's Stock Offering Hint at S&P 500 Inclusion
- DFS is the only stock in my portfolio or on my watchlist that didn't tank today. Why?
- Good stocks to buy during this dip
- Microsoft, are you still adding?
- Investing in the cannabis industry
- CLSK on super sale before the conference
| r/Stocks Daily Discussion & Options Trading Thursday - Sep 03, 2020 Posted: 03 Sep 2020 01:06 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme and/or post your arguments against options here and not in the current post. Some helpful day to day links, including news:
Required info to start understanding options:
See the following word cloud and click through for the wiki: If you have a basic question, for example "what is delta," then google "investopedia delta" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Posted: 03 Sep 2020 08:18 AM PDT Decided to put 6K in the market yesterday.. (BABA, SQ, RKT, QQQ, Docu sign etc..) and this happens today. Who else literally feels like whenever they add or buy a stock or stocks it always dips after? If so, welcome to investing... go enjoy the day :) or buy if you can.. just wish my timing was better or "luck" for these good buying days :( [link] [comments]  |
| Calm dow, you only lose money if you sell Posted: 03 Sep 2020 11:50 AM PDT We've had months of gains on gains..Now we finally get two red days and people are freaking out. There is no crazy news for this downturn..itll be fine. The big dogs took profits and are trying to shake off those new fleas. Think about all the people who just got into stocks and bought Tesla at 500+ or whatever now selling 411. Its the end of summer and a 3 day weekend. A lot of you were looking for a dip to buy into X or Y. Well, here you go. Stock Market doing a flash sale for you. [link] [comments]  |
| Posted: 03 Sep 2020 05:04 AM PDT "DraftKings Inc. (Nasdaq: DKNG) and The Chicago Cubs today announced that they have joined forces to make DraftKings, America's top rated mobile sportsbook app, the Official Sports Betting and Daily Fantasy Partner of the storied MLB franchise. The multi-year deal includes a plan to pursue a first-of-its-kind sportsbook at the iconic Wrigley Field, with online access available in the surrounding Wrigleyville area. The planned DraftKings Sportsbook at Wrigley Field will include a best in class entertainment experience for sports fans in Illinois. Although sports betting is now legal in Illinois, the development of a retail sportsbook would require approval by the City of Chicago. "This is truly a historic moment, as we are thrilled to align with the renowned Chicago Cubs franchise and iconic Wrigley Field to provide sports bettors in Chicago with a revolutionary sports betting experience," said Matt Kalish, Co-founder and President, DraftKings North America. "As two organizations that share a mutual passion for innovation and a commitment to excellence, we look forward to working in collaboration with the Cubs, an organization steeped in tradition, and making our presence felt in and around Wrigleyville." "DraftKings has been a great partner for a number of years and we are excited to expand this relationship as sports betting grows rapidly in Illinois," said Crane Kenney, President of Business Operations, Chicago Cubs. "An increasing number of sports fans want to integrate sports betting into their game experience, and we're excited to be one of the first to engage in developing a retail sportsbook at a professional sports venue."' [link] [comments]  |
| Today was one if not the largest market cap wipe outs in history Posted: 03 Sep 2020 01:08 PM PDT Many tech company suffered large market cap wipe outs today, this includes: Apple: -$179.92 B Microsoft: -$108.6 B Amazon: -$81.88 B Alphabet: -$58.61 B Tesla: -$37.62 B (Source) It also turns out that Apple's -$179.92 B drop is the largest single-day market cap drop in history. [link] [comments]  |
| Only one stock closed the day in the green out of the Top 100 - guess who? Posted: 03 Sep 2020 02:15 PM PDT In a day of carnage - the only stock out of the Top 100 stocks and ETFs by market cap to close the day in the green was.... Verizon. Verizon closed the day up 0.13% (-_-) after declaring an increase in its dividend. More pain tomorrow? [link] [comments]  |
| Are we in a COVID/tech bubble? Here’s how to tell (+ my thoughts) Posted: 03 Sep 2020 06:53 AM PDT We might be in a bubble. We're not at the later stages yet, but we're getting there. Here's a quick refresh on the 5 stages of a bubble and where I think we are in the stages. 1. Displacement A displacement occurs when investors get enamored by a new paradigm, such as an innovative new technology or interest rates that are historically low. A classic example of displacement is the decline in the federal funds rate from 6.5% in July 2000, to 1.2% in June 2003. Over this three-year period, the interest rate on 30-year fixed-rate mortgages fell by 2.5 percentage points to a historic low of 5.23%, sowing the seeds for the subsequent housing bubble. In our case the displacement is the Coronavirus pandemic. It has completely shifted how we think about--and value--technology stocks. Everyone is talking about the "post COVID world" and how that has upended tech companies. 2. Boom Prices rise slowly at first, following a displacement, but then gain momentum as more and more participants enter the market, setting the stage for the boom phase. During this phase, the asset in question attracts widespread media coverage. Fear of missing out on what could be a once-in-a-lifetime opportunity spurs more speculation, drawing an increasing number of investors and traders into the fold. We've already seen record numbers of retail investors joining the ranks. Everyone is stuck at home with nothing else to do and a bit of extra money from the stimulus, so they are deciding to learn how to 3. Euphoria During this phase, caution is thrown to the wind, as asset prices skyrocket. Valuations reach extreme levels during this phase as new valuation measures and metrics are touted to justify the relentless rise, and the "greater fool" theory—the idea that no matter how prices go, there will always be a market of buyers willing to pay more—plays out everywhere. For example, at the peak of the Japanese real estate bubble in 1989, land in Tokyo sold for as much as $139,000 per square foot or more than 350 times the value of Manhattan property. Similarly, at the height of the internet bubble in March 2000, the combined value of all technology stocks on the Nasdaq was higher than the GDP of most nations. IMO, we're in the early to mid stages of euphoria. Asset prices aren't skyrocketing, but they're increasing rapidly. It's not insane yet, but we're getting there. 4. Profit-Taking In this phase, the smart money—heeding the warning signs that the bubble is about at its bursting point—starts selling positions and taking profits. But estimating the exact time when a bubble is due to collapse can be a difficult exercise because, as economist John Maynard Keynes put it, "the markets can stay irrational longer than you can stay solvent." In August 2007, for example, French bank BNP Paribas halted withdrawals from three investment funds with substantial exposure to U.S. subprime mortgages because it could not value their holdings. While this development initially rattled financial markets, it was brushed aside over the next couple months, as global equity markets reached new highs. In retrospect, Paribas had the right idea, and this relatively minor event was indeed a warning sign of the turbulent times to come. This could be us if we're smart about it. Now, obviously we can't time the market perfectly. But we can play the odds and start hedging our bets when we get to a point where it seems likely that we're in a bubble. In the meantime we can still ride it out for a bit more gains. 5. Panic It only takes a relatively minor event to prick a bubble, but once it is pricked, the bubble cannot inflate again. In the panic stage, asset prices reverse course and descend as rapidly as they had ascended. Investors and speculators, faced with margin calls and plunging values of their holdings, now want to liquidate at any price. As supply overwhelms demand, asset prices slide sharply. One of the most vivid examples of global panic in financial markets occurred in October 2008, weeks after Lehman Brothers declared bankruptcy and Fannie Mae, Freddie Mac and AIG almost collapsed. The S&P 500 plunged almost 17% that month, its ninth-worst monthly performance. In that single month, global equity markets lost a staggering $9.3 trillion of 22% of their combined market capitalization. Don't let this be you, but if it is, just sit tight and buy once prices drop. Finally, a good warning sign that the market is entering bubble territory is the widespread use of the following expressions by supposed experts:
It won't be. What you should do:
Let me know your thoughts. *much of the information about the stages of bubbles was taken from an Investopedia article. No plagiarism intended, they just have helpful information. [link] [comments]  |
| Who decides when stocks go up or down? I mean seriously... Posted: 03 Sep 2020 08:15 AM PDT Today being a good example of this. Last night you go to sleep riding high on Apple. This morning you wake up down 6% for no apparent reason. Company hasn't changed, the fundamentals haven't changed. No catastrophe news has been released. Employment numbers were actually decent for the week. Virus seems to be slowing... for no reason what so ever, a huge number of people collectively decided to just sell? And drove the price down? Also, i constantly hear how retail investors don't really move the market much. Well, in that case, is it all just in the institutional investors hands, who can change their minds on a whim and we are just the pawns? It's all very interesting to me, I knew we were due for a pull back but why today? Why now? Who decided? How did we all just decide to sell at the same moment? [link] [comments]  |
| Careful with thinking This is the only dip Posted: 03 Sep 2020 09:23 AM PDT It's good to average down and buy in portions to minimize loss since no one can truly time the market. But hear me out, we all know that we reach all time highs when the dollar is weak, riots and covid are plaguing America etc. Logically it makes no sense and we know this. I feel like this whole thing was the fed but also hedge funds propping up prices to sell off into retail at all time highs. This could be only the beginning of a larger dip. Not saying we go to 19k dow again buy I wouldnt be surpised to touch the low 27k region or high 26k area [link] [comments]  |
| NIO achieves it's best ever monthly performance on both deliveries and order growth Posted: 03 Sep 2020 01:19 AM PDT Some great news for the NIO investors (myself included). Delivers are up, orders are up, cashed up after share offerings. Things are looking good 🚀 [link] [comments]  |
| Posted: 02 Sep 2020 08:42 PM PDT I know what the difference between the two is. GOOGL, the class A share has voting rights, while GOOG the class C does not. And the class B shares are not publicly traded. What I'm curious about is why the class C shares, without the voting rights, have been trading slightly above that of the class A for months now. It used to be that the class A shares had a premium of ~$20 early on (2015). By the start of 2018 that was usually more like $2 and fairly consistent until Oct 2019 when GOOG passed GOOGL for the first time. And outside of a may/june this year, GOOG without the voting rights has been priced above GOOGL with it. Is this just random? Seems strange. [link] [comments]  |
| Which app is better then Yahoo Finance? For tracking your portfolio �� Posted: 03 Sep 2020 07:01 AM PDT I like Yahoo Finance I think it's a solid tracker but I am looking for something better that has all the features I need ... the problem I have with yahoo is that it doesn't really have a way to show the % or total gain of the positions I have including the onces I already sold. Also the whole division between USD and EUR sometimes is difficult to understand. Moreover I've found plenty of other tracking websites but I buy European instruments (ETFS) that sometimes aren't available. How do you guys track your portfolio of Stocks , bonds and ETFs? Which is the best option? [link] [comments]  |
| Smith & Wesson (SWBI) killed earnings Posted: 03 Sep 2020 01:30 PM PDT Today was a rotational day for the stock market, but Smith and Wesson just reported earnings and they absolutely destroyed. Expected $204.85M vs Reported $230M Zero Net Debt Initiating 5 cent dividend per share Already bounced back losses in 20 minutes with after market gains. [link] [comments]  |
| Thoughts on NET on today's red day? Posted: 03 Sep 2020 10:41 AM PDT Cloudflare was a topic I saw coming up frequently recently on the sub, though since the AAPL and TSLA movements it really hasn't had the spotlight again. Because of the quantity of users, I'm imagining NET is going places in the long run. It's down 7% today, and 16% this month, but on all longer term scales it's grown. This seems like a good sign: down temporarily but up since the last quarter. All opinions are appreciated. [link] [comments]  |
| Posted: 02 Sep 2020 06:56 PM PDT RKT crushed earnings: estimated $88 per share, actual $1.44 per share. For some reason, it is down over 8% in the after-hours. Did I miss something? Was this "priced in"? Either way I'm buying the dip and riding this rocket to Mars. [link] [comments]  |
| Is today the day to really pick up more ICLN? Posted: 03 Sep 2020 10:11 AM PDT What a baaaaad day in the market boys. However, with bad days comes good opportunities! I'm super bullish on ICLN and am thinking about picking up more today. Is this the move? Are YOU picking up more ICLN? ( #ICLNGang ) [link] [comments]  |
| Only 4 S&P500 stocks have a P/E ratio over 100 Posted: 02 Sep 2020 11:49 PM PDT Eligible companies can be invited to join the S&P500 by a committee inside of standard & poor (a private company). If selected, it requires fund managers all over the world to buy the stock. So my question here is, why would tesla be invited to the S&P500 if its P/E ration is over 1,000.... but only 4 other stocks are even over 100. It would be the highest valued (in terms of ratios) stock of ANY S&P 500 company. Do you think large firms want to be forces into buying a company at that type of premium? I dont foresee the committee making fund managers pick up such a highly value (over valued?) stock. Maybe once it dips back down... but these cries for tesla to join s&p 500 won't happen until either ratio is normalized. That would require either:
Tl;dr Anyone waiting for tesla's s&p500 inclusion will need to continue waiting. https://fknol.com/list/pe-sp-500-index-companies.php Positions: I have a put expiring friday at $439 strike (probably a bad bet). [link] [comments]  |
| Any other Merrill Edge customers? They are down right now and it's killing me Posted: 03 Sep 2020 09:36 AM PDT Man, this sucks. Big drop, I wanted to make some buys but it's their site is down. So many people are losing their shit. Their customer support is clue less on the issues. There were reports of "they are doing an update" or they are fixing something. It makes no sense. I'm scared they got hacked or something. Going to have to open a new brokerage account just in case this happens again. That way I can at least make some buys on a day like this. [link] [comments]  |
| Where to buy during today’s dip Posted: 03 Sep 2020 10:19 AM PDT I have some extra cash, and I wanted to know what stocks would be smart to invest in right now that have dropped today that are going to bounce back? [link] [comments]  |
| Stocks you’re looking at to get into if dip continues? Posted: 03 Sep 2020 12:49 PM PDT Small dip today and we are back to prices a week ago. If things continue, what are you looking to get into? Me I want to lower average on AAPL and MSFT. Also looking into ICLN, PSX, and ARKF. [link] [comments]  |
| Tesla's Stock Offering Hint at S&P 500 Inclusion Posted: 03 Sep 2020 04:13 AM PDT https://www.thestreet.com/tesla/news/does-teslas-stock-offering-hint-at-tsla-sp-500-inclusion The timing of the agreement is interesting as investors wait to see if Tesla will be added to the S&P 500 index. With more than $4.6T in assets under management tracking the index, an inclusion would mean tracking funds would need to buy roughly 130M shares of TSLA stock over a relatively short time period. With only about 740M "float" shares available to trade, this could prove challenging and may put upward pressure on the stock as funds scramble to build equal-weight positions. Tesla could ease some of that pressure by issuing new shares, an option that is now at the ready with the equity distribution agreement in place. It's possible that S&P Global expressed concerns about share availability to Tesla in regards to a potential inclusion and this is Tesla's response to reduce those concerns to some extent. If the action is unrelated to the S&P 500, perhaps Tesla wants to prepare for a raise in the wake of their upcoming Battery Day on September 22. [link] [comments]  |
| DFS is the only stock in my portfolio or on my watchlist that didn't tank today. Why? Posted: 03 Sep 2020 01:52 PM PDT So there was a correction today. I doubt that it's over, however I saw that DFS rallies today and I'm very confused as to why. V and MA tanked and banks overall tanked. So what's going on here? I own DFS and was quite puzzled by this divergence from the broader market and even its own sector. [link] [comments]  |
| Good stocks to buy during this dip Posted: 03 Sep 2020 01:22 PM PDT Any stocks that were hurt particularly bad by today's dip that I should buy up before they go back up? Already buying Apple, Amazon and Nvidia tommorow morning [link] [comments]  |
| Microsoft, are you still adding? Posted: 02 Sep 2020 06:00 PM PDT The title says it all, are you still adding? Why or why not? If not, what other tech names are you buying? Just curious how you guys feel about Microsoft [link] [comments]  |
| Investing in the cannabis industry Posted: 03 Sep 2020 12:30 PM PDT Is it a bad idea to invest in the cannabis industry? Cannabis is illegal in my state but I know that investing in the industry is probably a good idea in the long run. Is this going to pose problems down the road for future employment/etc? [link] [comments]  |
| CLSK on super sale before the conference Posted: 03 Sep 2020 11:28 AM PDT CleanSpark: "The Corporate presentation will be on Thursday, September 3, 2020, at 3:40 p.m. ET, is available via live webcast and in archive for up to 90 days following the conclusion of the event at https://www.webcaster4.com/Webcast/Page/2019/36853 " Also here's the link to the article confirming it. It's been a bit bloody recently, but that mean stocks are on sale. CLSK's presentation goes live in about an hour, and it's coming off news of an international Tesla microgrid collab. It's done nothing but dip, but the market's been bloody, and it's only fallen off of good news. If anything it has room to gap up 40-60c after this oversell is corrected, and they mentioned potential to partner with tesla in the future since they succeeded in the costa rica project so far. PT's put it at $18, but I'd say that's probably eoy unless news is announced before then, and this conference could be news. Keep an eye on it, GL. In 1238 @ 10.68 LTH [link] [comments]  |
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