Stocks - r/Stocks Daily Discussion & Options Trading Thursday - Sep 24, 2020 |
- r/Stocks Daily Discussion & Options Trading Thursday - Sep 24, 2020
- Newly released documents show Amazon is a $3.9 billion-per-year customer the Post Office can't afford to lose
- Here is a Market Recap for today Thurs, Sept 24. Another crazy day in the market
- SHELL AND MICROSOFT FORM ALLIANCE TO HELP ADDRESS CARBON EMISSIONS
- Biggest EV charging network Chargepoint to go public via reverse merger
- Corsair CRSR stock IPO
- More Red days. Whats everyone buying
- Square is positioned to be a winner by helping small businesses digitize post-pandemic: Oppenheimer
- What it’s like to lose $1.7 million a day.
- It was fun for awhile, but now I want to park my money and stop stressing.
- Costco on sale??
- Thoughts on retail stocks, will they recover?
- The Stock Market Is Less Disconnected From the “Real Economy” Than You Think
- hold out on buying a stock for it to drop a couple dollars...meanwhile, spend $15 for a drink like its nothing. Pennywise and dollar dumb?
- Long Term Stocks
- How to use tax lot methods to my advantage
- Should I hold SHOP until next year?
- Morning Market Synopsis - Thursday, Sept. 24, 2020
- Cross posted- stock picks for Roth IRA
- Price targets
- What does a negative P/E ratio mean?
- Thoughts on Oil (energy) stocks and ETFs
- Any tool/trading platform to create your own portfolio like ETFs?
| r/Stocks Daily Discussion & Options Trading Thursday - Sep 24, 2020 Posted: 24 Sep 2020 01:05 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: 24 Sep 2020 06:18 AM PDT https://www.businessinsider.com/amazon-brings-in-nearly-4-billion-annual-revenue-usps-report-2020-9 A slew of financial statements and emails obtained by American Oversight show that Amazon accounted for nearly $3.9 billion in revenue and $1.6 billion in profit for the postal service in the fiscal year of 2019, the Washington Post reported. USPS delivered 1.54 billion packages for Amazon during the time period, or roughly 30% of the technology company's total volume, according to the documents, which also show that deliveries and revenue increased in fiscal year 2019. Simply put, in return for the lower rates, the USPS keeps a large customer, and staves off a possible future in which Amazon builds out its own delivery fleet, including drone deliveries for rual areas, to the extent it doesn't need the USPS's delivery network — or even begins competing with USPS to deliver some non-Amazon packages as well. [link] [comments]  |
| Here is a Market Recap for today Thurs, Sept 24. Another crazy day in the market Posted: 24 Sep 2020 01:20 PM PDT PsychoMarket Recap - Thursday, September 24, 2020 Stocks traded choppily today, with the market rising throughout the session before nose-diving in the last hour. The benchmarks are now firmly in correction territory, roughly 10% below their record highs at the beginning of the month, erasing the gains from a historic August. Traders are digesting a range of concerns, including uncertainty surrounding the US presidential election, signs of slowdowns in economic growth, dimming hopes for more fiscal stimulus, and worsening trends in Covid-19 cases, particularly in Europe. After rising in the morning, the major indices cut their gains in the final hour of trading. The S&P finished 0.24% up, the Dow finished 0.17% up, and the Nasdaq finished 0.47% up. Today, the Labor Department released their weekly jobless claim report, which showed that another 870,000 individuals filed new unemployment claims. This is slightly above Wall Street's estimates but below the 1,000,000 level that's become a key marker to measure the health of the pandemic-stricken job market. This data shows that jobs are not coming back at the rate that Wall Street would like and that workers are continuing to struggle to secure jobs in our healing economy. Chris Rupkey, chief economist for MUFG Union Bank said, "The labor market losses are stunning in that they show there isn't enough work out there yet in the middle of September nine months after the Covid-19 virus shut the economy down. The stock market is falling again over the concerns for the economy as well they should because the high-level of joblessness shows that the country isn't out of the woods yet and it won't be if the pleading of Fed officials for more stimulus isn't heard by Federal government officials down in Washington." Unfortunately, hopes for more stimulus are looking increasingly unlikely before the November election Congressional lawmakers are at an impasse over how much fiscal stimulus should be passed and to whom it should be directed. And more recently with the tragic passing of Justice Ruth Bader Ginsburg, Congress' focus is now on the Supreme Court. Highlights
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| SHELL AND MICROSOFT FORM ALLIANCE TO HELP ADDRESS CARBON EMISSIONS Posted: 24 Sep 2020 03:18 AM PDT Shell International Petroleum Company Limited and Microsoft Corporation announced Tuesday that they are embarking on a new strategic alliance to support progress towards a world with net-zero emissions. Under the new alliance, Shell will supply Microsoft with renewable energy, helping Microsoft to meet its commitment of having a 100 percent supply of renewable energy by 2025. The two companies will also continue working together on artificial intelligence and new digital tools and they will explore working together to help advance the use of sustainable aviation fuels. In addition, the companies will use Microsoft's Azure cloud computing system and data from Shell assets to strengthen operational safety. watch?v=YMg2tHux3vQ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Azure will use 100% renewable energy supplied from Shell. A long-term move for both giants. [link] [comments]  |
| Biggest EV charging network Chargepoint to go public via reverse merger Posted: 24 Sep 2020 07:25 AM PDT "ChargePoint Inc, one of the world's oldest and largest electric vehicle charging networks, said on Thursday it will go public by merging with Switchback Energy Acquisition Corp (SBE.N) in a deal that values the company at $2.4 billion." Seems promising, yes? [link] [comments]  |
| Posted: 24 Sep 2020 08:57 AM PDT Corsair is a leading global provider and innovator of high-performance gear for gamers and content creators. I just wanted to remind you that Corsair had its IPO yesterday. I think most people didn't realize it was happening because of the hefty market sell off. It is currently trading at a nice value with the market cap being only 1.32 billion. Here's a link to their investor relations page. https://ir.corsair.com/ [link] [comments]  |
| More Red days. Whats everyone buying Posted: 24 Sep 2020 07:02 AM PDT More Red days. I have loaded up with some more RKT, RTX, Nio and square. What's everyone buying? Currently holding a 90k portfolio. With a mixture of sectors. Need to write more crap so it allows me to post. [link] [comments]  |
| Square is positioned to be a winner by helping small businesses digitize post-pandemic: Oppenheimer Posted: 24 Sep 2020 12:48 PM PDT Square shares are up 146% in 2020 so far, and analysts at Oppenheimer think the stock can still go higher. On Thursday, Oppenheimer upgraded Square (SQ) to outperform, with a price target of $185. (The all-time high was $166 on Sept. 1; shares were trading at around $152 on Thursday afternoon.) The upgrade is based on the growth of Square's Cash App, and on the company's opportunity to help merchants transition to e-commerce. But really, the note is a post-pandemic vote of confidence. As Oppenheimer writes, the COVID-19 pandemic has initiated a "massive shift in digital commerce, requiring merchants to rapidly adopt omni-channel solutions." Of course, it was already obvious before the pandemic that the retail landscape was barreling toward e-commerce, but the pandemic has sent the trend into hyperdrive. Walmart, Target, and Best Buy reported enormous surges (100%+) in digital sales in Q2; online-only retailers Etsy and Wayfair blew out their Q2 earnings; Dick's Sporting Goods is thriving thanks to a combination of online sales and curbside pickup. All of those are big retail names. Square's bread and butter are SMBs (small and medium-sized businesses), which also need to immediately prioritize their e-commerce presence, if they didn't already. Hundreds of thousands of small business have shut down due to the pandemic, but those that have survived will need to beef up their digital presence. Oppenheimer believes Square is well-suited to serve those small businesses coming out of the pandemic, positioning Square "for outsized share gains as economic activity normalizes." Oppenheimer pegs Square's TAM (total addressable market, the "it" tech stat of the moment) at $160 billion, and within that, puts Cash App's TAM at $63 billion, noting that "by reinvesting profits from prior Cash App cohorts, combined with its seller ecosystem, Square can develop significant network effects and products that will be challenging for other neo-banks to replicate in the digital wallet space." In other words, Square has an advantage over banks in the mobile payments race. Oppenheimer also notes the "impressive volume and gross profit growth" of Cash App's bitcoin trading feature. Square enabled bitcoin trading within Cash App in 2018. It reaped $875 million in bitcoin revenue in the second quarter, up 600% year over year, and $17 million in bitcoin gross profit, up 711% year over year. ($17 million is small for a company with $4.17 billion in revenue in 2019, but the growth is the point.) Oppenheimer cites the growth in bitcoin revenue as proof of "the scalability in the Cash App business model." Bitcoin has been a noted (and some believe problematic) obsession of CEO Jack Dorsey. Square has always touted that it serves both sides of the small business equation: sellers (i.e., businesses, through its point of sale hardware, payroll software, and Square Capital loan business) and shoppers (consumers paying with Square devices and/or using Cash App). Oppenheimer writes that this "two-sided network" will make Square "a structural winner during the recovery." Of course, there's an obvious downside case against Square: "Economic pressures persist longer than anticipated" if the pandemic drags on or even worsens, hitting small businesses harder; "competitive responses dampen growth," and Square certainly has big competitors, including FIS (which acquired Worldpay last year), PayPal, ShopKeep, and Shopify; and if "new product launches and adoption slow," which will be up to Dorsey and Square's own pace of innovation. Oppenheimer sees Square profit growing at a 37% annual rate from the end of 2020 through the end of 2022. Square was Yahoo Finance's Company of the Year in 2018. — Daniel Roberts is an editor-at-large at Yahoo Finance and closely covers fintech and payments. Follow him on Twitter at @readDanwrite. [link] [comments]  |
| What it’s like to lose $1.7 million a day. Posted: 23 Sep 2020 03:13 PM PDT First let me clarify that I'm not going broke or anything. A bit about me to give context and the reason I'm posting this. I'm 67 years old, former lawyer situated in Monaco. I retired at 50. I've invested my money and I'm worth around let's say $100 mln? I. Honestly don't know. I've got around $60 mln in my portfolio. Mostly ETFs for high liquidity and safety. I'm a strong defender of long term investments. And that's the reason why I'm posting. People are scared when they see red. I would like to inspire and explain why you shouldn't be worried about losses. (If you invest long term). And my example is extrem but that might underline how important it is to hold. See I made $20 mln in 2020. So losing even ten million wouldn't matter to me. In fifteen years I'll be green. Sure this isn't quick money but it's easy and stable. And you can always trade with pocket-money. I wanted to add a picture of my portfolio to give this post a more theatrical vibe but I'm to old to figure that out. Well I guess I'm trying to give an advice, don't sell if you lose a bit don't be scared. You will archive gains if you wait long enough. People always talk about becoming a millionaire overnight. And that's just dreams. But becoming a millionaire in 35 years isn't. Anyways excuse me for making a clickbait title but getting the message out is important to me. I really love this community and even though I'm old I was welcomed so nicely. And I meet so many youngsters who searched advice. Love you ❤️ (also I don't know if the flair is right but I'm counting this as advice.) I got a photo in the comments now. Figured it out :) [link] [comments]  |
| It was fun for awhile, but now I want to park my money and stop stressing. Posted: 24 Sep 2020 09:33 AM PDT I had a good run this year day trading. Increased my portfolio around 40% but made some idiotic choices with SPACs in the last few weeks and I'm back to where I was in March. Looking for some good stocks to park my money and avoid the stress and pain I've felt losing all my gains. Appreciate any and all replies. [link] [comments]  |
| Posted: 24 Sep 2020 01:46 PM PDT Costco is down ~3% after hours on Wednesday. They've had a bit of hype lately, but I think they might be a great long term buy. Who else has considered taking a position? "Costco clears $4 billion in earnings for first time amid record growth, but the stock is falling": https://www.marketwatch.com/story/costco-clears-4-billion-in-earnings-for-first-time-amid-record-growth-but-the-stock-is-falling-11600979558 [link] [comments]  |
| Thoughts on retail stocks, will they recover? Posted: 24 Sep 2020 12:48 PM PDT Let me preface by saying I'm very fresh to investing so excuse me if anything I say seems dumb or obvious. I feel like I missed the big opportunity everyone had with the recession after the COVID crash. Particularly all the tech that went skyrocketing. Still, I feel like there are a few industries still affected and much lower than they should be once everything opens again. One of them that I had in mind and have seen talked about a bit is theme parks. Mainly six flags and cedar fair, which are still much lower than pre COVID averages, and they are yet to get back to full business. The other industry I have looked at more recently that I haven't seen talked about as much is retail. The two I have most in mind are Macy's and Nordstrom's. Macy's is at its lowest point since May and Nordstrom's is currently at its 52 week low. They were both 300%+ more than what they are right now pre COVID. I have a hard time believing they won't recover atleast a good percentage of what they were before COVID. Am I wrong for thinking that? Also I know everyone says there's no way to tell but if you had to guess how long until you think we start seeing retail recover it's value? Thanks, appreciate any responses. [link] [comments]  |
| The Stock Market Is Less Disconnected From the “Real Economy” Than You Think Posted: 24 Sep 2020 12:47 PM PDT The Stock Market Is Less Disconnected From the "Real Economy" Than You Think: [link] [comments]  |
| Posted: 23 Sep 2020 04:27 PM PDT I think about this sometimes....i wait for a stock to drop a few bucks before its a good entry point and got a "deal". Meanwhile, i spend 150/session for therapy, or 15 for a drink at a bar, or 20 for a movie, or 10 for a coffee and muffin... Where is the logic in that? am i the only one who thinks it is stupid to not buy msft at 200 if the hope is it goes down to 195 for example? [link] [comments]  |
| Posted: 24 Sep 2020 08:10 AM PDT I recently bought apple, msft, and disney. My plan was to just hold for like 10+ years. Seeing that a big crash could be on the way should I sell now and just lose 150 dollars and then hopefully buy in at a dip? Or just ride it out for 10 years? Thanks, im a little new to this. [link] [comments]  |
| How to use tax lot methods to my advantage Posted: 24 Sep 2020 02:05 PM PDT I have a basic understanding of the different tax lot methods and how they work but I wanted to know if someone can explain the importance of tax lot methods and if there were specific situations where you should use certain ones. The reason I've been thinking about this is because I've recently started day trading stocks and options a lot more than I used too. I wanted to know what would be the best tax methods for day trading stocks and the best tax lot methods for day trading options. Sorry if this seems like a foolish question, would greatly appreciate any input! [link] [comments]  |
| Should I hold SHOP until next year? Posted: 24 Sep 2020 01:57 PM PDT Hi folks! I have ~$20k invested in Shopify and wondering if I should hold until after this volatility or take my profits now... When do we think it'll pass $1400 again? What are other SHOP stock owners thinking? [link] [comments]  |
| Morning Market Synopsis - Thursday, Sept. 24, 2020 Posted: 24 Sep 2020 07:46 AM PDT US equities lower: Dow (0.37%), S&P 500 (0.35%), Nasdaq (0.46%), Russell 2000 (0.75%)
Notable Gainers:
Notable Decliners:
09:40:31 AM CDT on 24 Sep '20 [link] [comments]  |
| Cross posted- stock picks for Roth IRA Posted: 24 Sep 2020 01:33 PM PDT Opened up my (29f) stock portfolio in May and have decided to invest max 6k in Roth IRA. 1) Who is the best company to start Roth IRA with? 2) Does it matter that I'm opening my Roth IRA while stocks are down/ crazy market? 3) Any advice on where to park my money? Should I just put it all in ETFs or the main tickers? I don't really want to gamble with my Roth, I am wanting that to be a solid plan for retirement. Thanks for advice [link] [comments]  |
| Posted: 24 Sep 2020 07:32 AM PDT Just before all this crashing, i noticed several price targets were being raised by analysts. It was a red flag since the charts didnt suggest some stocks would head that way. The major index charts were also heading south yet price targets were still being raised by analysts. Did anyone else notice this? Seems fishy to me. [link] [comments]  |
| What does a negative P/E ratio mean? Posted: 24 Sep 2020 08:16 AM PDT Newer investor here. I've been watching a lot of tech stocks (tesla) that have crazy P/Es in the 1000s right now. That stuff makes sense to me. Today I saw a P/E that was at -70. What does negative P/E mean? [link] [comments]  |
| Thoughts on Oil (energy) stocks and ETFs Posted: 24 Sep 2020 09:11 AM PDT Hello everyone, Just wanted to gather some thoughts and comments on oil shares As we know before COVID, the oil industry was booming on the market and since March, stock prices have dropped significantly. ETFs such as UCO were priced at 400 dollars a share in February and have dropped down to 27 dollars What are our thoughts in purchasing mass amount of shares on the oil market now? Do we expect the market in energy to boom back towards the prices they were before March? Personally - I purchased several shares in the oil industry hoping they will resume towards their prices in the future, If my plan is true, I should expect x6 return rate on my investments. Please share your thoughts! [link] [comments]  |
| Any tool/trading platform to create your own portfolio like ETFs? Posted: 24 Sep 2020 02:06 PM PDT Hi All, I have used brokerage link in Fidelity for 401k Account, where you can create your own portfolio with weights for each stock. And every time i contribute to the account, it gets split into those stocks according to weights assigned to it. But i couldn't find something similar to that for retail investing. Any one have used such a feature in any other platform ? [link] [comments]  |
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