| Some interesting insider buying in the stock market this week Posted: 26 Sep 2020 06:24 AM PDT Entercom $ETM jumped on Wednesday after it was reported that CEO David Field had bought 248,000 shares for $350,000. The company, one of the largest radio broadcasting companies in the US, has seen advertising revenues hit by the pandemic lockdown and the stock is still down 66% this year. It was doing well in January and February with sales up 7% but Covid hit hard in March, as its sponsors cut spending on advertising, and the stock and revenues collapsed. A "tsunami" according to the CEO David Field. But he went on to say "April certainly appears to be the bottom, May is a little better than April and June is trending better than May" That sounds very positive and with the stock down 66% (and trading on 3.4x next years' estimated earnings), a big purchase by the CEO such as this looks like a significant and interesting endorsement of an out of favour stock. Also on Wednesday Arlington Asset Investment $AI disclosed that (President and CEO) Rock Tonkel JR had made a significant purchase of 100K shares bringing his total share count to 548,326. In another filing CFO Ernst Konzmann purchased 20,000 shares on Tuesday bringing his total count to 84,995. The stock price at around $2.71 does look attractive compared to book value per share of $5.67. But the company, a real estate investment trust whose primary activity is purchasing and holding mortgage investment portfolios, has not performed well with a largely negative profitability for the past four years and the onset of the COVID-19 pandemic has only worsened this position. Cassava Sciences $SAVA President and CEO Barbier Remi was reported on Thursday to have followed the CFO and other board members and purchased 10,000 shares at an average price of $9.59/share. Investors might want to take note as the purchase follows strong mid-stage trial results for experimental Alzheimer's disease (AD) medication (Sumifilam) and there are currently no other effective AD drugs to compete with it. Now getting a Phase 2b stage drug such as Sumifilam to approval stage is still a long shot (around15% probability on average) so I've been trying to estimate the probability weighted valuation. Starting with a TAM estimate of Alzheimers drugs I found a recent fool article that said "J.P. Morgan's analysts, among others, have suggested that any disease-modifying AD drug that somehow makes it all the way to market would quickly rack up over $10 billion in sales. And without a major competitor to divvy up the market, that figure could balloon to over $20 billion by 2030. " I'm guessing the only available drug for AD will have healthy margins and a decent valuation around 3x sales ($30bn). Taking that one more stage a 15% chance of $30bn would generate a probability weighted valuation at $4.5bn. That certainly makes the current $285mn market cap look remarkably cheap. 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 [link] [comments] |
| Forbes on Electric Truck Startup Going Public and Youngest Self-Made Billionaire Posted: 25 Sep 2020 06:36 PM PDT As Electric Truck Startup Hyliion Goes Public, Founder Is Set To Be America's Youngest Self-Made Billionaire Intro: If all goes according to plan, Thomas Healy, 28, will become America's youngest self-made billionaire next week Excerpts: According to SEC filings, Healy will be the biggest shareholder, with 22.9% of the company, or 34.97 million shares, worth nearly $1.5 billion. He may not be as slick as the other billionaire electric truck impresarios Elon Musk or Nikola's disgraced former CEO Trevor Milton, but Healy has one up on both Tesla and Nikola when it comes to getting revolutionary tech onto the road. There are already 20 trucks operating with Hyliion's electric powertrains, built via ventures with Dana Corp. and Volvo. Tesla said this year it was delaying production of its Semi until 2021. Shares in Nikola meanwhile have collapsed from the $70s to less than $20 amid fraud allegations and the departure of Milton. Also: Healy's e-axle evolved into a complete drivetrain system that Hyliion calls the Hypertruck ERX. Replacing the diesel engine is a bank of electric batteries, which are charged via onboard generators that run on tanks of compressed natural gas. Healy's approach contrasts with the field's first movers, including Tesla and its all-electric, battery-centric approach, as well as Nikola, which aims to power its batteries using hydrogen fuel cells. And: Automotive parts giant Dana Inc. in March 2019 made an equity investment into Hyliion, and together they are manufacturing and marketing the device to Dana's slate of customers, including truck giants Volvo, Navistar and Peterbilt. Today truck makers install engines from Cummins and transmissions from Allison. Hyliion hopes to someday join that echelon. First large deliveries of the Hypertruck ERX could come in 2021. submitted by /u/Torlek1 [link] [comments] |
| Hyliion (HYLN) is not the next Nikola. This is a good thing. Posted: 26 Sep 2020 02:57 AM PDT Next week's Hyliion reverse merger will take them public and should make Thomas Healy the world's youngest self-made billionaire according to Forbes. For months, Hyliion was called the "next Nikola" - not in a negative so much as a positive light -- referring Nikola's rocketing post-merger price action as an innovative green trucking company that went public via reverse merger. With the downfall of Nikola, it is more important than ever to draw clear distinctions between the two companies, because other than the sector and the means of going public, they couldn't be more different. Nikola has had serious fraud whispers for months now, which had the stock already sinking from the post-merger highs. The recent short seller reports merely confirmed what a lot of people already knew: Nikola was claiming advancements in technology that is not there yet, using infrastructure that is not built yet, and pumping their numbers with model vehicles that may not even have operating prototypes. Hyliion, on the other hand, utilizes renewable natural gas fueling infrastructure that already exists across America and Europe, but takes the technology to new levels that can now compete with the performance of diesel by adding an electric motor onto the axle. There are no green solutions out there that can compete with the ERX's combination of cost savings (their system pays for itself within two years, and from then on saves $20,000 a year on fuel costs per truck), performance (1300 miles per renewable natural gas fill, better payload than diesel) and practicality (can be retrofitted into existing fleets instead of replacing the entire fleet with expensive new trucks, and fit into any OEM body). The ERX can also go full electric to cross future zero-emissions cities, and will be fuel agnostic so can adapt to the new technologies like hydrogen when they emerge. It's a transitional technology until fully electric trucks and alternative zero emissions systems can catch up to diesel performance-wise, without costing an arm and a leg. The trucking industry is practical and cares about the bottom line. Having to send out two trucks to ship the same load is not cost effective. Hyliion is the most practical green solution that combines significant cost savings with going green without major performance loss for one of the highest polluting industries. Nikola and Tesla's trucking solutions' higher cost, learning curve, lower mileage and lower payloads compared to diesel make them impractical as a long distance trucking solution. Tesla's semi takes half an hour to charge to get 300 miles, and has drastically lower payloads than traditional diesel. OEM manufacturer green solutions are even worse - often maxing out around 100-200 miles and requiring 8 hour charges, meaning they can only practically be used in local area deliveries. And unlike the Tesla and Nikola semis, the ERX will be available next year. Everyone wants to go green if it saves them money and can accomplish the same or better outcomes compared to traditional fuel. With the likelihood of future green subsidies to offset the upfront costs of conversion, the next generation of trucks converting to Hyliion's solution looks like a no-brainer for the entire industry, and Hyliion works with the existing OEMs instead of trying to kill them off. Unlike a snake oil salesman with a sketchy history like Trevor Milton of Nikola, Founder and CEO Thomas Healy is humble, straightforward and has focused his company on achievable and practical solutions. There have been no whispers whatsoever questioning the integrity of Hyliion's product. Healy is an engineer, not a hype man. They aren't releasing a dozen plastic models of various vehicles and fake orders to pump their stock price artificially. Hyliion trucks have been filmed on the highway, and their current diesel hybrid solution has already been released and has already logged millions of miles combined. Nikola's collapse has come at the most inconvenient time possible for Hyliion's reverse merger debut, but long term, potentially one less competitor means more market share for Hyliion, and as investors, we are able to buy in at a discount compared to its highs a few weeks ago. This is a long-term hold for me. submitted by /u/devilmaskrascal [link] [comments] |
| Wall Street Week Ahead for the trading week beginning September 28th, 2020 Posted: 26 Sep 2020 06:47 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 28th, 2020. Market volatility expected to continue in the week ahead with Presidential debate and jobs report - (Source)
Stock market volatility, with sharp ups, downs and reversals, is likely to be the norm again in the week ahead, as investors await Friday's jobs report and watch headlines from Washington and the presidential debate.
Expectations remain low for a stimulus package from Congress, but as economists downgrade their view of fourth quarter growth because of a lack of further federal virus aid, investors are again looking for some guidance from Washington. The election is likely to be a market focus in the week ahead, as the first presidential debate takes place between President Donald Trump and former vice president Joe Biden Tuesday night.
Stocks were very volatile in the past week, but the S&P 500 was down less than 1% for the week by Friday afternoon. For the month of September, it is down about 6%.
"We're really seeing now a typical September, but under the hood we're seeing what is potentially a rotation from the large tech stocks to a broader pool of stocks," said Don Townswick, director of equities strategy for Conning. He expects tech to remain a favorite after the shakeout, and the market tone could change in October if earnings results are good and company outlooks are positive.
"I think that tends to turn things around," he said.
Economists expect the much anticipated September employment report, the last before the election, to show a slower pace of job growth than in August. The consensus forecast is for 920,000 nonfarm payrolls, from 1.37 million in August, according to Refinitiv.
The unemployment rate is expected to drop to 8.2% from 8.4%. JP Morgan economists said they expect job growth to continue, but they also said the lack of stimulus and aid to the unemployed could slow consumer spending. They reduced their forecast for fourth quarter GDP growth to 2.5% from 3.5% Thursday.
Election watch Michael Schumacher, director of rate strategy at Wells Fargo, said the debate may have more potential to move the market than the jobs report. "Most people talk about these things and get all fired up and nothing happens, but this is such a weird year... This seems like the first big shot to see these guy in action. We think it's a big event," he said.
Schumacher said if Trump is perceived to win, and his chances rise in prediction markets by several points, there could be a positive move in risk markets and the bond market could sell off, sending yields higher. Trump is perceived as better for stocks and the economy, and Biden is expected to push for higher taxes and more regulation, he said.
"We think that pushes the 10-year yield up to 75 or 80 basis points," he said. The 10-year has been locked in a range below 0.70% and was at 0.65% Friday.
"If Biden wins, then the debate is risk off. Then Trump's chances of winning probably go to 40%, maybe lower. Then the 10-year yield goes to 0.60%," he said.
The market was also expected to be volatile in the coming week because of month-end and quarter-end rebalancing, but Schumacher said the stock market sell-off has taken some of the pressure off of the need to realign portfolios and he expects about $9 billion to move into bonds for rebalancing.
Before the earnings period starts in the second week of October, the market is likely to continue to focus on what's worrying it.
"What we have... is a lot of uncertainty related to the election, a lot of uncertainty related to stimulus," said Townswick. He does not expect the political back and forth over the appointment of a new Supreme Court justice, following the death of Justice Ruth Bader Ginsburg, to impact the markets.
"But the stimulus and election, people can say that's going to directly relate to earnings," he said. Townswick said the sell-off so far is not unusual for September, historically the worst month of the year.
Among S&P 500 companies, Townswick said 70% left their forecasts unchanged or revised them higher after second quarter earnings reports, while 30% reduced them. "If third quarter earnings come in relatively strong, then we could see more revisions upward and that would tend to support the market," he said.
Many strategists expect the S&P 500 could decline all the way to its 200-day moving average which was 3,107 on Friday. The 200-day is a widely watched momentum indicator, based on the average of the closing prices in the last 200 sessions. If the index falls below it and stays there, it's viewed as negative for the market but it often acts as support.
"I don't have a target, but I think if that does happen, I would say that is a normal pullback and I wouldn't expect it to break through and tank. I would say that might be supportive," Townswick said.
The coming week is busy in terms of economic data. Besides the jobs report, there is ISM and PMI manufacturing data Thursday. Personal income and spending data is also released Thursday.
But it is the employment data, the market is watching most closely.
Luke Tilley, chief economist at Wilmington Trust, said the weekly jobless claims data is sending a positive signal for the jobs report, but not all data matches it. The number of unemployed who have come off of state and special pandemic benefits totaled 2 million over the period between mid August and mid September, when the government collected data for Friday's jobs report.
Tilley said he will not be so much focused on the non farm payrolls as on the number of people who say their job loss is now permanent. That number rose by 534,000 last month, to a total of 3. million. It was at 1.2 million in February
Initially when job losses mounted, many individuals expected their job loss was temporary.
"The permanent job loss is an indication of an amount of permanent scarring that's going on in the economy," he said. "The permanent job loss as a share of unemployment has been more rapid than the previous recessions."
This past week saw the following moves in the S&P: Major Indices for this past week: Major Futures Markets as of Friday's close: Economic Calendar for the Week Ahead: Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close: S&P Sectors for the Past Week: Major Indices Pullback/Correction Levels as of Friday's close: Major Indices Rally Levels as of Friday's close: Most Anticipated Earnings Releases for this week: Here are the upcoming IPO's for this week: Friday's Stock Analyst Upgrades & Downgrades:
September Bears Strike Again The September weakness continued with the S&P 500 Index 9.6% off the all-time high set on September 2 (as of 9/23/20). It is important to remember that after a 60% rally in the S&P 500—and much more in some of the large cap tech stocks—this type of seasonal weakness is normal and expected. We noted in our blog Historic August Opens Door To Worst Month Of The Year that some type of seasonal weakness could be in the cards. Speaking of seasonal weakness, the second half of September historically has been one of the worst periods of the year for stocks, as shown in our chart below. Another angle on this is showing how each day of the year does. Again, we are in the sweet spot for potential rocky seas. "To see some late-September weakness after a record 60% rally shouldn't be too surprising," explained LPL Financial Chief Market Strategist Ryan Detrick. "What might surprise some investors, though, is that after some of the previous best six-month rallies ever, in a lot of cases, the strength continued going out a year." As shown in the LPL Chart of the Day, the recent rally was one of the best six-month rallies ever for the S&P 500. Looking at all the previous rallies that gained at least 30%, returns are somewhat muted near term. But going out a full year, prices have typically moved higher, up seven out of eight times a year later.
S&P 500 October Gains Frequently Precede Presidential Incumbent Party Victories An interesting aspect of election-year Octobers is the propensity for S&P 500 gains when the incumbent party ultimately retains the White House. Of the ten incumbent victories since 1944, the S&P 500 has advanced seven times, declined twice, and was unchanged in 1944 with an average October gain of 1.4%. Of the nine occurrences since 1944 when the incumbent was defeated, there were six S&P 500 declines and three advances in October. The average October decline when incumbents were defeated was 2.1%. Even excluding the S&P's 16.9% plunge in 2008, incumbent defeats were still preceded by an average October loss of 0.3%.
"Low Energy" Energy US stocks are looking to close out the week on a positive note with the S&P 500 up over 1%. One sector that hasn't been participating in the rally, however, is Energy. While it just moved back into positive territory for the day, the sector remains at the back of the pack in terms of sector performance. If these levels hold for the remainder of the trading day, it will be the 69th time in the last 200 trading days that Energy has been the worst-performing sector. That works out to more than once every three trading days. Talk about a sector that's in liquidation mode! The chart below shows the rolling 200-day total number of days that Energy has been the worst-performing sector in the S&P 500. While the current level of 69 is extremely high, earlier this month the rolling 200-day total was even higher at 71. Over this same period of time, no other sector has even seen close to as many days of ranking at the bottom as Energy. The next closest is Utilities as it has been at the bottom of the pack in terms of performance on 36 of the last 200 trading days. It hasn't just been the last 200 trading days that have been rough for the Energy sector. Over the last five years, the sector has been the worst-performing sector on just over 23% of all trading days. Is this what it felt like for the horse and buggy companies in the early 1900s or the ice-harvesting companies after the invention of electric refrigeration?
Election Anxiety Weighs on October Market Performance October often evokes fear on Wall Street as memories are stirred of crashes in 1929, 1987, the 554-point drop on October 27, 1997, back-to-back massacres in 1978 and 1979, Friday the 13th in 1989 and the 733-point drop on October 15, 2008. During the week ending October 10, 2008, Dow lost 1,874.19 points (18.2%), the worst weekly decline in our database going back to 1901, in percentage terms. March 2020 now holds the dubious honor of producing the worst, second and third worst DJIA weekly point declines. The term "Octoberphobia" has been used to describe the phenomenon of major market drops occurring during the month. Market calamities can become a self-fulfilling prophecy, so stay on the lookout and don't get whipsawed if it happens. But October has become a turnaround month—a "bear killer" if you will. Twelve post-WWII bear markets have ended in October: 1946, 1957, 1960, 1962, 1966, 1974, 1987, 1990, 1998, 2001, 2002 and 2011 (S&P 500 declined 19.4%). However, eight were midterm bottoms. Over the last 21 years, October's performance has been solid. Average gains over the last 21-years range from 1.3% by Russell 1000 to 2.4% by NASDAQ. Small caps have still struggled though with Russell 2000 gaining a modest 0.5% Election-year Octobers rank dead last for Dow, S&P 500 (since 1952), NASDAQ (since 1972), Russell 1000, and Russell 2000 (since 1980). Eliminating gruesome 2008 from the calculation provides a moderate amount of relief, as rankings climb to mid pack. Should a meaningful decline materialize in October it is likely to be an excellent buying opportunity, especially for any depressed technology and small-cap shares.
5 Real-Time Data Charts To Track the Recovery We check in again today on some of the real-time economic data that LPL Research is monitoring to provide timely and valuable insights into the state of the US economy. Traditional economic data is often reported too slowly to pick up the changes that are occurring in response to the COVID-19 pandemic. The latest data on US COVID-19 cases has shown steady progress since peaking at the end of July. COVID-19 hospitalizations are at the lowest levels since the end of June and are close to the lows of mid-June. The number of positive COVID cases rose over the last week, and while the number of tests performed increased, the positive test rate also increased to near 6% (source: COVID Tracking Project). Further, Labor Day get-togethers may have created the recent bump in transmission, a trend we saw following other holidays over the summer. "Even as much of the real-time data shows a slowing recovery as Americans adjust to the new normal, it's encouraging that new COVID-19 cases and hospitalization rates have improved greatly since mid-summer," explained LPL Financial Chief Market Strategist Ryan Detrick. "Progress on a COVID-19 vaccine and fiscal stimulus could help the economy and markets in the fourth quarter, but as investors struggle with election uncertainty and US-China tensions remain elevated, it's likely to be a bumpy ride." Out of all the indicators we monitor, US retail sales had been showing one of the most robust recoveries toward the end of the summer as it exceeded 2019 levels on a year-over-year basis, but the most recent weekly readings from retailers on same-store sales recently slipped back lower than last year (source: Bloomberg, Johnson Redbook). It's not surprising that consumer confidence levels, as measured by the Bloomberg Weekly Consumer Comfort Index, also dipped on their last reading. Driving map routing requests by the Apple maps app exceeded pre-pandemic levels but have since leveled off and is now declining slightly. This real-time indicator steadily recovered from March and April lows as people returned to work or other economic activity, and it's been continuing at a higher than normal rate as Americans travel by car when they previously may have used public transit or air travel. Public transit usage, as measured by Moovit, is still at only 50% of its baseline level, as working from home has a huge effect on usage numbers in major metropolitan areas. Electricity demand is also showing a bumpy recovery. It had recovered, dipped, and then recovered, only to dip again since the start of September. Demand for electricity dropping again potentially indicates a slowdown in the rate at which businesses are reopening or softening demand for their goods and services. During the midst of the March lockdowns, the number of diners in US restaurants hit extreme lows of -100% compared to the same time last year. The last reading on this indicator was -45%, coming off a recent peak of -30% on September 7 (source: Opentable). Restaurant bookings could be under pressure as cooler weather makes outdoor dining less comfortable in parts of the country. As the seasons change from summer to fall, consumer behavior often changes, too, and the potential for heightened rates of viral transmission grows. We will continue to monitor key high-frequency data and provide updates for clues about the path of the economic recovery as we continue to battle the outbreak of COVID-19 across the globe.
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 9.28.20 Before Market Open: Monday 9.28.20 After Market Close:
Tuesday 9.29.20 Before Market Open: Tuesday 9.29.20 After Market Close:
Wednesday 9.30.20 Before Market Open: Wednesday 9.30.20 After Market Close:
Thursday 10.1.20 Before Market Open: Thursday 10.1.20 After Market Close: ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) NONE.
Friday 10.2.20 Before Market Open: ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) (NONE.)
Friday 10.2.20 After Market Close: ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) (NONE.)
Micron Technology, Inc. $49.14 Micron Technology, Inc. (MU) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, September 29, 2020. The consensus earnings estimate is $0.95 per share on revenue of $5.91 billion and the Earnings Whisper ® number is $1.02 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat The company's guidance was for earnings of $0.95 to $1.15 per share. Consensus estimates are for year-over-year earnings growth of 90.00% with revenue increasing by 21.36%. Short interest has increased by 12.4% since the company's last earnings release while the stock has drifted lower by 5.1% from its open following the earnings release to be 0.6% below its 200 day moving average of $49.44. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, September 25, 2020 there was some notable buying of 15,535 contracts of the $50.00 call and 15,180 contracts of the $50.00 put expiring on Friday, November 20, 2020. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 7.9% move in recent quarters.
PepsiCo, Inc. $133.55 PepsiCo, Inc. (PEP) is confirmed to report earnings at approximately 6:00 AM ET on Thursday, October 1, 2020. The consensus earnings estimate is $1.48 per share on revenue of $17.26 billion and the Earnings Whisper ® number is $1.52 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 5.13% with revenue increasing by 0.42%. Short interest has decreased by 14.8% since the company's last earnings release while the stock has drifted lower by 2.4% from its open following the earnings release to be 0.3% below its 200 day moving average of $133.95. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, September 21, 2020 there was some notable buying of 3,076 contracts of the $140.00 call expiring on Friday, December 18, 2020. Option traders are pricing in a 3.3% move on earnings and the stock has averaged a 1.6% move in recent quarters.
McCormick & Company, Incorporated $191.57 McCormick & Company, Incorporated (MKC) is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, September 29, 2020. The consensus earnings estimate is $1.52 per share on revenue of $1.39 billion and the Earnings Whisper ® number is $1.60 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 4.11% with revenue increasing by 4.57%. Short interest has decreased by 13.6% since the company's last earnings release while the stock has drifted higher by 9.9% from its open following the earnings release to be 12.2% above its 200 day moving average of $170.69. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, August 31, 2020 there was some notable buying of 613 contracts of the $155.00 put expiring on Friday, December 18, 2020. Option traders are pricing in a 4.9% move on earnings and the stock has averaged a 3.4% move in recent quarters.
Thor Industries, Inc. $93.21 Thor Industries, Inc. (THO) is confirmed to report earnings at approximately 6:30 AM ET on Monday, September 28, 2020. The consensus earnings estimate is $1.38 per share on revenue of $2.30 billion and the Earnings Whisper ® number is $1.61 per share. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 18.82% with revenue decreasing by 0.50%. Short interest has decreased by 25.0% since the company's last earnings release while the stock has drifted lower by 14.9% from its open following the earnings release to be 12.9% above its 200 day moving average of $82.56. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, August 31, 2020 there was some notable buying of 1,511 contracts of the $110.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 10.0% move on earnings and the stock has averaged a 11.2% move in recent quarters.
Bed Bath & Beyond, Inc. $14.53 Bed Bath & Beyond, Inc. (BBBY) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, October 1, 2020. The consensus estimate is for a loss of $0.17 per share on revenue of $2.61 billion and the Earnings Whisper ® number is ($0.14) per share. Investor sentiment going into the company's earnings release has 28% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 150.00% with revenue decreasing by 4.02%. Short interest has increased by 3.8% since the company's last earnings release while the stock has drifted higher by 56.2% from its open following the earnings release to be 40.1% above its 200 day moving average of $10.37. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, September 22, 2020 there was some notable buying of 32,609 contracts of the $15.00 put expiring on Friday, October 16, 2020. Option traders are pricing in a 16.7% move on earnings and the stock has averaged a 12.7% move in recent quarters.
Conagra Brands, Inc. $35.12 Conagra Brands, Inc. (CAG) is confirmed to report earnings at approximately 7:30 AM ET on Thursday, October 1, 2020. The consensus earnings estimate is $0.57 per share on revenue of $2.61 billion and the Earnings Whisper ® number is $0.61 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 $0.54 to $0.59 per share. Consensus estimates are for year-over-year earnings growth of 32.56% with revenue increasing by 9.17%. Short interest has decreased by 21.4% since the company's last earnings release while the stock has drifted higher by 0.7% from its open following the earnings release to be 5.8% above its 200 day moving average of $33.19. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, September 18, 2020 there was some notable buying of 2,818 contracts of the $37.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 8.8% move in recent quarters.
Weibo Corporation $32.54 Weibo Corporation (WB) is confirmed to report earnings at approximately 6:00 AM ET on Monday, September 28, 2020. The consensus earnings estimate is $0.41 per share on revenue of $380.41 million and the Earnings Whisper ® number is $0.40 per share. Investor sentiment going into the company's earnings release has 33% expecting an earnings beat The company's guidance was for revenue of $380.00 million to $402.00 million. Consensus estimates are for earnings to decline year-over-year by 10.87% with revenue decreasing by 11.91%. Short interest has increased by 8.0% since the company's last earnings release while the stock has drifted lower by 12.7% from its open following the earnings release to be 13.8% below its 200 day moving average of $37.75. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, August 24, 2020 there was some notable buying of 2,458 contracts of the $30.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 10.4% move on earnings and the stock has averaged a 8.9% move in recent quarters.
Constellation Brands, Inc. $181.82 Constellation Brands, Inc. (STZ) is confirmed to report earnings at approximately 7:30 AM ET on Thursday, October 1, 2020. The consensus earnings estimate is $2.50 per share on revenue of $2.20 billion and the Earnings Whisper ® number is $2.61 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 8.09% with revenue decreasing by 14.51%. Short interest has decreased by 3.4% since the company's last earnings release while the stock has drifted lower by 0.6% from its open following the earnings release to be 4.0% above its 200 day moving average of $174.86. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, September 18, 2020 there was some notable buying of 681 contracts of the $175.00 put expiring on Friday, October 9, 2020. Option traders are pricing in a 6.1% move on earnings and the stock has averaged a 4.6% move in recent quarters.
NetSol Technologies Inc $2.68 NetSol Technologies Inc (NTWK) is confirmed to report earnings at approximately 8:00 AM ET on Monday, September 28, 2020. Investor sentiment going into the company's earnings release has 42% expecting an earnings beat. Short interest has decreased by 50.2% since the company's last earnings release while the stock has drifted lower by 3.9% from its open following the earnings release.
United Natural Foods, Inc. $17.91 United Natural Foods, Inc. (UNFI) is confirmed to report earnings at approximately 4:05 PM ET on Monday, September 28, 2020. The consensus earnings estimate is $0.71 per share on revenue of $6.60 billion and the Earnings Whisper ® number is $0.76 per share. Investor sentiment going into the company's earnings release has 64% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 61.36% with revenue increasing by 3.01%. Short interest has increased by 3.8% since the company's last earnings release while the stock has drifted lower by 12.1% from its open following the earnings release to be 32.5% above its 200 day moving average of $13.52. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, September 23, 2020 there was some notable buying of 2,280 contracts of the $20.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 21.5% move on earnings and the stock has averaged a 14.4% move in recent quarters.
DISCUSS! What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great trading week ahead r/stocks. submitted by /u/bigbear0083 [link] [comments] |
| Nvidia Seeing 'Massive Demand' For Graphics Cards Thanks To Gaming Posted: 26 Sep 2020 12:35 PM PDT |
| Growth stock scorecard Posted: 26 Sep 2020 08:58 AM PDT I decided to develop a growth stock investing scorecard as a way to objectively analyze potential growth stock investments. I like the idea of a scorecard because it will help avoid biases and subjective judgments about companies, and gives me a way of comparing and ranking potential investments. I'm posting it here for constructive feedback. I've broken the scorecard down into 5 categories with a list of criteria under each category. Each criteria fulfilled earns the stock a point, and I've put it in a Word document so I have space for comments. Without further ado... Revenue growth - Annual revenue growth >15% for the past 3 years
- Annual revenue growth >25% for the past 3 years
- Annual revenue growth >40% for the past 3 years
- Recent acceleration in annual revenue growth
- Revenue growth expected to continue at a similar pace
- Increasing YoY quarterly revenue growth
- Recurring revenue model (e.g., a subscription or "razor blade" model, as opposed to individual sales)
Market dominance - Leader or "big dog" in the sector
- Has a clear moat (difficult for others to compete or take market share)
- Changes how we live/work
Strong balance sheet - Low debt/equity
- Current ratio >1.5
- Positive operational cash flow
Profit (potential) - Good profit margins
- Growth in operating income
- EPS+ or heading towards profitability
- Expected growth in EPS (if profitable)
- Strong tailwinds
Valuation - P/S within recent (1-2 year) range
- P/S at low end of recent range
or - P/E within recent range
- P/E at low end of recent range
The last category is the only one I'm not 100% sure about. Since I'm an amateur investor I'm trying to find a way to analyze stocks without investing huge amounts of time, and comparing P/S or P/E ratios to other competitors can be time consuming. So a quicker way to assess whether a stock is overpriced is to compare its current P/S or P/E to to its "typical" P/S or P/E range. submitted by /u/SirGasleak [link] [comments] |
| Up-and-coming companies? Posted: 26 Sep 2020 04:35 AM PDT Hey there guys. What are some up-and-coming companies you know or already invest in? I have some 'play' money I'm thinking to invest in something high risk high reward so I want to pick a stock from an underdog and see what happens in the future.. any recommendations?
Would be highly appreciated! submitted by /u/PeekingPotato [link] [comments] |
| $SNE - Sony Corporation Posted: 26 Sep 2020 04:24 AM PDT Sony Corporation is a Japanese multinational conglomerate that specializes in household durables and electronics, video game consoles and publications, records and comprehensive media, and a financial segment. It is traded publicly on the NYSE:SNE and the TYO:6758 and is listed on the Nikkei 225. In this post I will be translating all financial numbers to USD, as it is a Japanese company. Company Overview Sony was founded as Tokyo Tsushin Kogyo, Ltd. in 1946, in Tokyo, Japan by Masaru Ibuka. They later changed its name to Sony in 1958 in order to "romanize" their brand. Sony is currently ran by Kenichiro Yoshida, CEO, who has been with the company since 1983 and worked his way up to CEO in 2018. The company is headquarted in Sony City, Minato, Tokyo, Japan and currently employs 111,700 people worldwide. Sony is a diverse company that has several major segments. Mobile Communications: Sony Mobile produces smartphones, tablets and applications. Sony Mobile holds under 1% of the global smartphone market, 4% of the European smartphone market and 17% of the Japanese market. So-Net is the other branch of this segment and provides internet services to its smartphone users. Game & Network Services: this branch produces the PlayStation console as well as gaming related services such as PSN and the game publication studios. This is the largest branch of the conglomerate, making up about a quarter of total sales for the company. Image Products & Solutions: this branch produces consumer and professional cameras and lenses Home Entertainment: this covers televisions, blu-ray players, headphones and portable audio devices Sony Pictures: all movies and television services owned by Sony, including Columbia Pictures, Sony Pictures and TriStar Studios. They also own several television programs in Japan and India. Semiconductors: CMOS image sensors, CCDs, system LSIs, and other semiconductors, as well as batteries and storage systems. Music: Sony/ATV Music and SME *Financial Services: Sony operates Sony Life Insurance, Sony Bank and Sony LifeCare. This segment makes up 15% of the company's income. Basic Facts | Statistic | SNE | | Share Price | $77.26 | | Market Cap | $95.6b | | P/E | 15.31 | | PEG | 2.1 | | P/S | 1.21 | | ROE | 16% | | Debt/eq | 0.38 | | Revenue | $8.3b | | Gross Profit | $2.2b | Dividends | Statistic | SNE | | Annual Dividend | $0.41 | | Dividend Yield | 0.53% | | Payout Ratio | 8.38% | SNE pays a semi-annual dividend paid in Q1 and Q3. SNE has been steadily increasing its dividend since 2015 after stagnation and decline from 2006-2015. Performance History | Statistic | SNE | | 1m | -4.76% | | Since March 23 | 46.05% | | 52w | 30.05% | | 5y | 208% | | 10y | 168% | A $10,000 investment in SNE 10 years ago would be worth $25,038.65 today. Going Forward Today, Sony Corporation is most known for the PlayStation. The PS5 is scheduled to be released later this year, which some say is priced in to the stock already. However, if the PS5 is a huge hit over the course of its generation's lifetime (until the PS6 is released), Sony will undoubtedly see a boost in revenue in income over the 5-10 year period. The PS5 is already expected to sell 5m units in 2020, while the Xbox Series X/S is expected 4m. For some comparison, the PS4 has sold 106m units in the lifetime of the console, and the Xbox One has sold 50m. However, past and expected sales don't mean a whole lot when Microsoft has been rapidly expanding their gaming department. Microsoft has been developing the Game Pass for a few years now and it is a huge success so far, some accredit it as the "Netflix of Gaming". Microsoft also recently acquired Bethesda, the studio responsible for hit game series Elder Scrolls and Fallout (even though we all know Obsidian makes the real Fallouts) (New Vegas for life). As Microsoft already owns Windows and therefore own most PC gamers, Sony will have to innovate rapidly to compete with Microsoft in the future. Game Pass is currently available for Xbox and PC gamers. Microsoft only has a small portion of its business in the gaming industry, while Sony hinges 25% of its business in the department, yet Microsoft is setting themselves up massively to steal Sony market share in coming years. Sony has PS Now, their version of Game Pass, however MSFT will own the "Netflix of gaming" department, until Sony comes up with their own version of Windows (lol). I have no doubt the PS5 will be a massive hit and be more popular than the Xbox (even as an Xbox gamer myself) but Sony is in danger of losing share to MSFT, especially as more gamers make the switch to PC. Sony is the world's largest producer of the CMOS image sensor that is used in cameras, tablets and smartphones. I don't know much about semiconductors or the industry so I'm not going to pretend that I do for the post. Sony Pictures is a massive media company, as they own several movie studios such as Columbia and TriStar. Cobra Kai was a recent success from them, and they own several franchises such as Jeopardy and Wheel of Fortune. Sony Music Entertainment (SME) is one of the "big three" of the global record companies and is currently the second biggest music group in the world. Their financial services are extremely profitable. Sony Bank, Sony Life Assurance and Sony Life. Their low expense fees make them a popular choice in Japan. Sony Bank is an online bank that operates no physical branches or ATMs. Conclusion SNE is trading at a very sound valuation right now, its low ratios + the hype surrounding the PS5 make it an attractive stock compared to the rest of the technology industry, as well as some international exposure to a portfolio. Analyst targets (I know, I know) forecast the stock to reach prices around $100 within a year, but that is very dependent on the success of the PS5. If it's a major hit and blows expectations out of the water, that number could very well be higher. Thank you for reading and I hope to continue this series in the future. I plan on doing regular posts for stocks that aren't talked about alot on this sub, and if anyone has any criticisms or recommendations for future posts, I am more than happy to read them. Previous Posts $UNH submitted by /u/7thAccountDontDelete [link] [comments] |
| How much do stimulus checks affect the stock market? Posted: 26 Sep 2020 12:40 PM PDT Fairly new to the stock market and learning as much as I can. With talks about a second stimulus check possible in the near future, I am curious as to how much it would affect the stock market. For instance, I hear analysts always talking about how the stock market would boom if the stimulus check was announced, but they never expand on how much and how long it would help for. Any insight is much appreciated. Thanks! Edit: I didn't post this to ask whether a stimulus check would be passed before elections. It's not of material concern to me as of now. I'm just curious about stimulus checks and the degree of its effects on stocks. Hence the post under stocks. Thanks. submitted by /u/shanprime [link] [comments] |
| CRSR IPO thoughts? Posted: 26 Sep 2020 04:58 AM PDT So Corsair gaming just went public last week. Been having nice IPO week so far. I bought 30 shares because why not. Anyone else jump in on this? They make PC accessories and PC parts. Gaming/E sports industry is booming. Might add more. submitted by /u/Myack_ [link] [comments] |
| Some interesting growth stock news in the stock market this week Posted: 26 Sep 2020 06:53 AM PDT Vroom $VRM, a used vehicle e-commerce platform with many similarities to Carvana, got a big vote of confidence on Tuesday from Goldman Sachs who said "We continue to see dynamics surrounding COVID-19 accelerating the shift online in used autos, but beyond that we expect Carvana and Vroom to drive the shift online by leveraging national scale to aggregate demand in a highly fragmented market and take share from the long-tail of small dealers and peer-to-peer market," Also on Tuesday Carvana said that it expects to set records in the third quarter, in terms of automobiles sold, revenue, gross profit per unit and earnings before interest, taxes, depreciation and amortization. That's good news for Caravana but Vroom is catching up, growing more quickly and its valuation at 4.4x current year estimated revenues looks attractive compared to Carvana valued at 6.5x. Marchex, the call analytics company, jumped 14% on Thursday after it was revealed it had increased its tender offer price to buy back its own shares. Investors appear impressed that the company places a higher valuation on the stock than the market value. There are a few good reasons to think that they are right. Marchex $MCHX is a risky microcap but it is the leader in the interesting field of analysing phone calls to generate leads and has won some interesting and large customers such as Firestone. In short it provides analysis of telephone calls using Artificial Intelligence (AI) models in much the same way online software tools seek to analyse your cookies and search history. Notably, in April, it was named the leader in Conversational Intelligence by independent research firm Opus Research. Currently the stock trades at just 1.5x its call analytics revenue despite having a cash-rich balance sheet, cutting-edge technology in a growing software space and significant inside ownership. All in all it looks like a high risk/high reward stock that's probably not for the average punter. But it does look like a potential multi-bagger. 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 [link] [comments] |
| Jpm bac Posted: 26 Sep 2020 12:47 PM PDT Jpm and bac have taken quite a dip these past weeks. Do you guys think they will continue to trail down or will they begin to trend upwards ? I understand that the feds 0 percent interest rates has negatively affected the financial sector but I don't see it being that bad to create the current dip. Thanks in advance. submitted by /u/Juanestrada97 [link] [comments] |
| Advice Posted: 26 Sep 2020 11:51 AM PDT Hey guys, i have been interested on investing in stocks and trading, but i do not know how to start since i have no experience. could u suggest me some good investments books that explain the basics about stocks, and that also gives the reader some advices? Thanks for any answer. Forgot to mention but im not interested in investing for retirement. Im looking for a short-term investment. submitted by /u/Wassim070202 [link] [comments] |
| Some interesting value stock news in the stock market this week Posted: 26 Sep 2020 04:36 AM PDT Western Digital $WDC spiked on Wednesday on speculation that it may be split into two. Deutsche helpfully carried out a sum of the parts valuation to illustrate the potential upside. They used a comparison to Seagate to value the Hard Disk Drive business at $18bn and a comparison to the upcoming Kioxa IPO to value the Flash memory business at $13bn. That's a total of $31bn or a potential premium of $10 bn compared to $WDC's $21bn Economic Value. Suburban Propane $SPH is a gas marketing and distribution business split 50% between residential and 50% everything else (commercial, industrial, agricultural and government). Its stock price is down 36% year to date (with a 2021 fPE 12.9) after a warm winter and a Q2 that saw 20%-25% lower volume in the non-residential business due to Covid. However, things have started to pick up again in the third quarter. Commercial and industrial volume was down 9% year-over-year, but residential volume increased by 21%. That allowed adjusted EBITDA to increase 61%. The highest third-quarter figure in company history. In a Benzinga interview on Friday, CEO Michael Stivala said Suburban Propane was pleasantly surprised by the demand from the residential sector in the third quarter. A trend that has been reported across the industry. Additionally, investors have been citing propane's potential growth in outdoor seating areas for restaurants and, as winter nears, it's expected that more propane will be needed to heat these areas if restaurants want to maintain seating capacity. Further Stivala has said that it's not just restaurants but that other businesses, schools and weddings are leading to increased demand for propane. Those anecdotal comments appear to be partly backed up by Google Trends which shows that searches for outdoor patios and fire pits have seen huge spikes. After this year's fall, the $SPH stock price is trading on a 2021 fPE of 12.9. That looks cheap as those forecasts look like they need to be revised upwards. Commercial Vehicle Group was up 6% after OLMA Capital disclosed it had acquired a 6% stake saying the company has huge value and potential for growth. OLMA pointed to the company's resilience during the Covid pandemic and its recent business wins to deliver warehouse automation and provide services to the e-commerce sector. Providing cab equipment, seating, mirrors and wiring for trucks has been a fairly low margin and cyclical business for $CVGI - thats why it currently trades on a forward PE of less than 10. But the new CEO, Harold Bevis, has some interesting plans. Firstly to optimize profitability in the seating business by shutting down the low margins businesses and moving manufacturing to Mexico. Secondly to develop its electronics subsystems business to support the fast growing Warehouse Automation (WA) market. Management believes that they can quickly target $100mn to $150mn of new business. However that's a small portion of the fast growing total addressable market for WA currently estimated at $25bn. The new business will still be competitive but putting the growth and the focus of profit maximisation together the current valuation does look cheap. 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 [link] [comments] |
| Looking for specific books, podcasts, YouTube channels, and any other resources to become a better trader Posted: 26 Sep 2020 07:21 AM PDT Tell me what resources have helped you the most as an investor. I'll be honest, I started with Wiley _______ for Dummies books ten years ago. I've learned a lot of terms and concepts, but I still don't feel like I've actually developed a good, systematic method for picking stocks. Here's a specific example: I like the idea, the concept of r/unusual_whales but it's really just a tool to keep an eye out for activity in stocks that you (ideally) already know enough about to make a snap decision to invest or not within hours or minutes OR (less ideally) to quickly do your due diligence on stock market trends that appear and disappear in days or hours. I'm convinced that the root of my confusion and frustration is in my system of identifying stocks to keep an eye on and how I evaluate them. THEN, and only then, will r/unusual_whales actually be useful to me. Until then, it's just a flashing neon casino sign, and I suspect I'm not alone. Thoughts, counterpoints, analysis, insults, momma jokes? Literally anything will help. submitted by /u/PReasy319 [link] [comments] |
| Central air/Air conditioning companies? Posted: 26 Sep 2020 11:00 AM PDT Carrier went public this year, but are there more central air/AC companies that are on the cutting edge of more efficient tech? Efficiently cooling interiors will be of monumental importance over the coming decades. Any thoughts on the industry or companies? submitted by /u/juwanhoward4 [link] [comments] |
| Deciding the right moment to invest Posted: 26 Sep 2020 04:49 AM PDT Hello guys, I need your advice.
I'm currently investing in ETFs right now but I'd like to buy some individual shares. I already did my DD on some stocks I found interesting. The problem is I can't understand when is the right moment to invest. In particular, since this year will take place the elections, I don't know if I should wait for November or just buy right now. The main company I'm interested in is IIPR, which will release it's earnings November 6. I think there will be a lot of volatility in the first days of November so there could be a buying opportunity, that's at least my idea, but I'd like to hear what you guys think about this. submitted by /u/gatretor [link] [comments] |
| (Psilocybin mushroom stock) CMPS Posted: 26 Sep 2020 01:23 PM PDT Anybody else buying CMPS? Compass Pathways, first psychedelic drug stock ever on Nasdaq, thus first one available to Robinhood traders. Been rising really fast since IPO about a week ago. Is going viral on Twitter this weekend and I bet it's gonna blow up way more next week. Psilocybin mushroom therapy. Backed by Peter Thiel. A lot of people are expecting it to blow up the way pot stocks did when they were a big deal. This has also caused a similar company MindMed (backed by Kevin O'Leary) to initiate a Nasdaq uplisting which will happen in the next couple months I guess. MindMed is more geared towards Ibogaine and LSD. submitted by /u/GoshOfDestruction [link] [comments] |
| I truly think the stock market will go down more even though I am perma-bull Posted: 25 Sep 2020 09:46 PM PDT This article could not have been illustrated better about the current market situation. It's so good that I have to share it here and ask you guys what you think. It's extremely bearish and I truly believe the worst is yet to come, both for stock market and economy. I understand stock market kinda behaves independently of economy somehow, ever since March low. Insanely high all time highs, based on nothing besides a stimulus and a promise to print more, pandemic, unprecedented uncertainty, continued job losses, PPP expiring in Oct which means more bankruptcies and layoffs, Covid-case spike in part of Europe and US, SCOTUS vacancy, election year, all on the back of an insane 10 year run. Literally no GOOD reason to be bullish right now. Below was the article I read. What do y'all think? (Sorry I cannot quote the source bc it looks like youtube link is banned from this subreddit) Why the stock market will go down much more once this Fed/election rally ends: - 330 Trillion dollars of very poor credit market debt that needs to be deleveraged and the Fed's 1 Trillion farts can't do anything to stop this.Japan has been doing for 30 years what the Fed is trying to do now. Guess what: it won't work when the world has 330 Trillion dollars to deleverage by at least 50%. We're in a deflationary trap and spiral.
- Corporate share buyback Ponzi model has come to an end as public pension funds (states, municipalities, cities, etc.) have no tax revenues presently to buy corporate bond issuances to fund corporations who use that very money to buy and drive up their own stock to stuff management's pockets with bonuses.
- 90 cents of every dollar S&P 500 companies earned in the last 5 years also went towards corporate buybacks combined with an unprecedented issuance of corporate debt and equity dilution helping this endless Ponzi scheme.
- Economy for over a decade barely growing at 1% average despite all the above Endless rounds of QE for 12 years now, interest rates pushed to zero punishing savers and tax cuts that were really not necessary.
- Consumer debt to income ratio at unsustainable all time high levels (175 debt to income ratio and climbing higher as well as 12 times debt to savings ratio and climbing higher) with real unemployment (unemployed, underemployed and not counted in workforce) at 50% plus and the remaining workforce seeing their hours and salaries cut.
- All stock market indicators at all time high levels. P/E over 30, Price to Sales Ratio over 2.5, Enterprise Value to EBITDA over 25, Buffet Indicator (Market Cap / GDP) over 135%, Shiller P/E over 27, Q factor (the market value divided by its assets' replacement cost) at 1.76.
- Bond market has been screaming major recession/depression and deflation for almost a year with yield curve inverting three times and the 30-year T trading almost at 1% (totally crazy).
- M3 essentially at zero with consumer (70% of economy traditionally and 90% in 2019) tapped out on debt and 50% unemployed/underemployed.
- Corporations (30% of economy) already in recession since the start of
- The corporate bond/debt market in the mother of all bubbles with 90% of bonds trading at one notch above junk status.
- The IMF has stated that this year, the global economy will experience the worst recession since the great depression. It has also stated that for the first time since the great depression, both advanced economies and emerging markets are in recession with growth in advanced economies at -6.1% with income per capita projected to shrink for over 170 countries.
- Debt to GDP of all developed countries in the 150-300% range...who would have thought.
- The stock markets now are comprised of 5 companies representing 25% of the S&P and 40% of the Nasdaq. These percentages are beyond alarming and this never ends well.
- Healthy stock markets don't go down 35% and swing back up 30% in a matter of a month. This type of volatility always signals lower prices ahead. We're in fact in horrible company...this is the fastest 35% downward move in the stock market. And only two other times the stock markets have gone up 30% this fast: the first leg up of the Great Depression and the first leg up of the Great Recession. We all know what happened afterwards...lower lows over the next year to two years.
- Bear markets last on average 15 months.
- Retired baby boomers pulling money out of the stock market like notomorrow, while millennials have no money to invest.
- For those who are screaming inflation, they are dead wrong. Go study history and study it well: inflation only happens when demand overwhelmingly exceeds supply (which is not even remotely the case, it's actually the total opposite i.e. there is so much supply of everything, we don't even know what to do with it) or when a country prints money over money to serve its debt and has to keep doing that as they can't print fast enough. We have none of those presently as it relates to the USA or the US$.
We are a two tiered system comprised of crony capitalism combined with theworst part of socialism. Large corporations are benefiting during the good times and during the bad times when these same companies who should be going bankrupt or getting bought pennies on the dollar by more responsible corporations or getting merged with competitors are getting selectively bailed out by the Federal Reserve who is picking the winners and losers by their size and too big to fail criteria. Crony capitalism on the way up, socialism on the way down. This my friends is a broken corrupt system. The stock markets are now trading in swings like penny stocks with all freemarket price discovery destroyed and not an ounce of sound monetary policy left. You have a bunch of douchebag academics (who think they know best) not only fighting mother nature but also fighting the principles of economics where boom and bust cycles need to be normal occurrences left to their owndevices for productivity to improve over time. But the Federal Reservedoesn't give a hoot about the principle of economics and they have becomethe real virus infecting the world because they have us play the game with one set of rules yet those rules are constantly broken by them to be the buyer/lender and owner of last resort and implement their grand scheme of becoming the world's central bank and having the entire world as their slaved. If common folks had this behavior, they would end up in jail. And this is a virus we won't be able to get rid of. Who wants to invest in a rigged market where prices are not based one bit on sound economics like reasonable P/E ratios, earnings, free cashflow growth and dividends where earnings are cratering. The very timely Coronavirus is the medium that is exposing the fragility of this corrupt, selfish, self-centered astronomically over indebted overleveraged system. submitted by /u/csklmf [link] [comments] |
| HELP Posted: 26 Sep 2020 10:30 AM PDT Hello fellow redditors, I have 2 fussy questions that I cant get the hang of, some help would be appreciated!! What could be the factors that would decide the price of the share in case that a company would decide to Float? Which option is better for raising funds for investments: float the company on the stock exchange Or -borrow from a bank The companies that we are talking about are giants such as Snapchat, Facebook etc. Im a newbie to all this so excuse me. Thank you all in advance :) submitted by /u/KingArthur- [link] [comments] |
| TD Ameritrade gave me money? Posted: 26 Sep 2020 04:24 AM PDT So... I woke up this morning (to my TD Ameritrade account worth 16.4k) and found an extra 15.8k in my cash available for withdrawal Now account balance now says 32.2k What do I do? Call somebody? Wait until it corrects itself? Legally, if I withdraw this money, what would happen? submitted by /u/WolfOctober [link] [comments] |
| pdf e-book Posted: 26 Sep 2020 09:41 AM PDT good afternoon. I wonder if anyone can help me find the free PDF of this book "Wall Street and Witchcraft: An investigation into extreme and unusual investment techniques" by max gunther, can anyone make it available. submitted by /u/Trader_Kamikaze [link] [comments] |
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