Stock Market - 'A devastating experience:' Temporary layoffs just became permanent for millions of American workers |
- 'A devastating experience:' Temporary layoffs just became permanent for millions of American workers
- Here is a Market Recap for today Mon, Oct 5, 2020. Please enjoy!
- To put everything in ETFs now or wait for a pullback?
- ExxonMobil
- I made a tool to gauge whether Reddit panics before the stock market, or if stock market panics before Reddit.
- Low cost clean energy ETF
- Watchlist: 10/5 The Market Doesn't Care
- Stock Market Can Handle the Political Chaos？？？
- Thoughts on what would happen to the stock price of FB if the government actually broke them up?
- How to calculate target price from EBITDA?
- U.S. stocks move | Tesla (TSLA.US) rose more than 2% before the market, domestic Model 3 fell to 249,900
- Thoughts, comments, trolling. ENPH goof
- Palantir Technologies Inc. (PLTR) an epic fail?
- Ranking Traders by profit
- How the stock market works
- French Fries are back on the menu!
- Market Crash Predictions
- Help with JigSaw / No BS Trading
| 'A devastating experience:' Temporary layoffs just became permanent for millions of American workers Posted: 05 Oct 2020 07:03 AM PDT https://www.cnn.com/2020/10/04/business/unemployed-workers-permanent-job-losses/index.html The number of unemployed who have lost a permanent job, or had a temporary job has come to an end, has soared in the past seven months, from 1.9 million in February, to 4.5 million in September. The number of unemployed who are out of work due to the end of temporary jobs has also been rising rapidly over the last seven months, increasing by nearly 100,000. Many of those workers were used to moving from one job to another and now haven't been able to find the next job as normal. Most of those who now permanently out of work have lost long-term jobs, many that they held for much of their career. [link] [comments]  |
| Here is a Market Recap for today Mon, Oct 5, 2020. Please enjoy! Posted: 05 Oct 2020 01:33 PM PDT PsychoMarket Recap - Monday, October 5, 2020 Stocks rose Monday, mostly recovering Friday's losses, as market participants continue to closely monitor developments around the health of President Trump and additional fiscal stimulus. Last Friday, Pres. Trump announced that he and the First Lady had contracted COVID-19 and that he was going to Walter Reed Military Medical Center to receive treatment. White House physician Dr. Sean Conley, said Sunday that the President was being treated with steroid dexamethasone (which is typically used in severe cases), remedesivir (broad-spectrum antiviral medication developed by Gilead (GILD)), and REGN-COV2 (which is used to alleviate symptoms and reduce viral load developed by Regeneron (REGN)). Since then developments around the President's health have been mostly positive. About an hour or two before market close, Pres. Trump tweeted that he planned to leave the hospital today at 6:30 p.m. ET. Market participants also continue to closely eye updates around the election in light of Pres. Trump's diagnosis and his inability to continue campaigning in the last few weeks before the election on Nov. 3. A new poll released Sunday by NBC News and the Wall Street Journal conducted after last week's presidential debate, but before news emerged that Trump had tested positive for Covid-19, found that former Vice President Joe Biden was leading Trump 53% to 39% nationally among registered voters in the survey. House Speaker Pelosi and Treasury Secretary Mnuchin have committed to keep working together to try and come to an agreement regarding additional fiscal stimulus after last week's failed meeting. Today, Pelosi and Mnuchin met once again, for about an hour, but were again unable to come to a consensus. The pair expects to talk again Tuesday as the White House and Democratic leaders try to craft an elusive second pandemic relief package, Pelosi's spokesman Drew Hammill said in a tweet. While Mnuchin and Pelosi are pushing to come to an agreement, there are still a range of outstanding disagreements between Democrats, Republicans, and White House officials. Economists and FOMC officials are once again pushing for the passage of additional stimulus. With millions of Americans out of work and small businesses struggling to stay afloat, economists are worried that a lack of additional fiscal stimulus would completely stunt the already slowing US economy. Seema Shah, chief strategist at Principal Global Investors said, "Economic scarring is likely to become more apparent in Q4 as more companies finally start to throw in the towel, reporting closures and job cuts. Without additional aid [fiscal stimulus], the struggles will become more widespread and evident." Highlights
"The most difficult roads lead to the most amazing places." - Unknown [link] [comments]  |
| To put everything in ETFs now or wait for a pullback? Posted: 05 Oct 2020 06:02 PM PDT I'm a 27 y/o with a stable stream of income and I'm mostly just sitting on cash right now. Like many new investors here, I only started investing in the stock market earlier this year so whatever I have in my portfolio is everything that I'm willing to risk. My HYSA rate is so low that I might as well invest in the market it instead. I want to put a good portion of it into something safe so I figured I could put them into ETFs. Seems like I'm too late and missed the train as most have seen significant growth within this last year and have recovered from early this year. Should I just invest it now or wait for a pullback? I would leave the funds for at least 3 years, and longer if the gains continue to outperform interest rates. Looking to spread the investment as such: 30% VOO 30% QQQ 20% VXUS 10% ARKK 5% IWF 5% ICLN Any tips and guidance would be greatly appreciated. Thanks! [link] [comments]  |
| Posted: 05 Oct 2020 12:42 PM PDT My dad bought each of my kids holdings in ExxonMobil and now one has about 525 shares and the other has about 475 shares. Exxon has taken a huge tumble in value since last Fall and I wasn't paying attention. Should I sell the holdings now and reinvest into something else for my kids? Or is there a possibility that Exxon could go up at least a little from where it is now? I appreciate any insights. Thanks! [link] [comments]  |
| Posted: 05 Oct 2020 11:04 AM PDT Recently I saw someone sharing a massive amount of useful websites which was really useful. I made a tool which algorithmically summarizes all these websites so you dont actually have to read them;) It determines sentiment of headlines/tweets/reddit so you can check easily whether people are getting more optimistic or pessimistic. A new version attaches emotions (fear, optimism etc) to this news. Ive attached a screenshot showing sentiment over time vs sp500, where you clearly see a relation. Imo it shows some evidence that sentiment was deteriorating before the market tanked, and it started to get better before the market recovered. I update this dashboard everyday and attached a snapshot of the current results. Any feedback is always welcome. Link to the actual interactive dashboard: http://www.alternative-analytics.eu/dashboard/sentiment.html [link] [comments]  |
| Posted: 05 Oct 2020 07:55 PM PDT I am looking for a low cost clean energy ETF as I do not have much capital to invest. I see a lot of talk about ICLN but I am curious how it compares to PBD and which is a better pick. I've only been investing a short while and I am still trying to make sense of all the data when investing a fund. [link] [comments]  |
| Watchlist: 10/5 The Market Doesn't Care Posted: 05 Oct 2020 03:39 AM PDT Market Notes: The news cycle over the weekend was focused on the President and the fact that he is currently hospitalized. He doctors gave a few press conferences but seemed to provide more questions than answers. The market is unfazed after a slight sell-off on Friday. Futures are pointing towards a green open. The presidential election was already expected to be volatile, things may calm down while the President stays put in DC. The market may be pricing in a Biden victory. Lithium and EV charging stocks made gains on Friday. I've watching several today. Watchlist: BEEM is a low float, EV charging play, watching for a setup above $15 WWR is a low float, lithium play, on watch GSUM is a low float, resistance at $1.88 TCS is a low float, watching for a setup above $8 CBAT is a low float, resistance at $3.50 RMG is a lowish float, EV battery play, watching for a setup above $12 IDT is a lowish float, watching for a setup above $10 CTIC watching for a setup above $3.22 LAC is a lithium play watching for a continuation PACB has resistance at $12 [link] [comments]  |
| Stock Market Can Handle the Political Chaos？？？ Posted: 05 Oct 2020 07:50 PM PDT When President Donald Trump tested positive for coronavirus, the news introduced a heap of uncertainty into the markets. This week, at least, stocks seemed to take the news in stride. The Dow Jones Industrial Average rose 508.85 points, or 1.9%, to 27,682.81 for the week, while the S&P 500 index gained 1.5% to 3348.44, ending four-week losing streaks. The Nasdaq Composite advanced 1.5%, to 11,075.02. The initial debates and positive tests frustrated the market, and the losses gradually disappeared. The market has other things to worry about. It is another economic stimulus plan, and the question of whether the Republican Party and the Democratic Party can reach an agreement has been repeated. The fact that both sides are talking is better than no dialogue. The market just hopes to provide impetus to the recovering economy, even though it still seems unable to reach a deal at the close on Friday. This is a problem that the market must deal with. The stock market needs a stimulus plan, but it is not necessary, but if a stimulus plan is implemented, it will speed up the pace of recovery and limit downside space. [link] [comments]  |
| Thoughts on what would happen to the stock price of FB if the government actually broke them up? Posted: 05 Oct 2020 12:35 PM PDT The fb stocks hold all this value not only of the Facebook platform itself. It's because they own Instagram, WhatsApp, oculus,etc. If they did actually drop how much value and market could they possibly lose. Also, any chance oculus would be taken away from them ? [link] [comments]  |
| How to calculate target price from EBITDA? Posted: 05 Oct 2020 02:07 PM PDT So a guy I was talking to said this, Broker forecasts will be for about £200m ebitda - too low by about 40 - so upgrades to come. Ah okay, so I got no clue how to work out what the target price is, and can't chat to the guy again for a bit. What does 'by 40' mean, he means £40 million? [link] [comments]  |
| Posted: 05 Oct 2020 01:53 AM PDT Zhitong Finance APP learned that before the US stock market on October 5 (Monday), as of 16:10, Tesla (TSLA.US) rose 2.63% to $426. It is reported that Tesla's domestic Model 3 standard battery life upgrade version will be sold for 249,900 yuan after subsidies, and the rear-drive long battery version will be sold for 309,000 yuan after subsidies. In addition, Tesla's Q3 global delivery volume of 139,300 vehicles was much higher than analyst expectations. [link] [comments]  |
| Thoughts, comments, trolling. ENPH goof Posted: 05 Oct 2020 07:50 AM PDT I bought 100 shares of ENPH a while back and goofed when the market crashed in March and sold then bought back in then sold at a large loss comparably but still a profit. Well I fucked again and sold when trump went into the hospital looking for a drop. Now it's rising. I'm playing with house money at this point and had 40 shares. Trying to decide if I should hold out and look for a drop or get back in. My fear is a huge jump if the election goes left. Thoughts? Been trading a while but been getting in over my head buying selling as I'd still say I'm a weee bit inexperienced lol. Thanks for anything :) [link] [comments]  |
| Palantir Technologies Inc. (PLTR) an epic fail? Posted: 05 Oct 2020 11:19 AM PDT So got in at $10/share and the stock's done nothing but freefall since day 1. This may be early freaking out, or this may be what they call bag holding. What say you? [link] [comments]  |
| Posted: 05 Oct 2020 04:07 AM PDT If you are interested in displaying your trades for others to see and building a public track record. I made a platform. I made it so I can see what other people are trading and what they're track record is. Also to show what I'm trading. Join me if your interested. https://www.stocktraderrank.com [link] [comments]  |
| Posted: 05 Oct 2020 12:12 PM PDT I'm new and I wanna get into stocks can you guys I'm point form tell me every way the stock market would go up you don't have to explain it just gimme point form for example higher demand, more people buying the stock, [link] [comments]  |
| French Fries are back on the menu! Posted: 05 Oct 2020 07:53 AM PDT LambWeston is the play. They Report on Wednesday. LW Valuation: Was $95 in March. It's $68 now. 30% off ATH. I just don't see that much of a down-side risk. Lots of upside potential. People's habits: People are tired of eating Corn and back to their regular food habits. A lot of guys who are working from home aren't going to cook. They just stick some frozen fries in microwave or conventional oven and call it a meal. Lost your job? Feel insecure about your finances? Wanna save money? Doesn't get cheaper than french fries and salt. Potato Prices: Price of potato increased from $15 to $20 in the past four month. Why? Demand! Look at blue line on this graph: https://www.producebluebook.com/wp-content/uploads/2020/08/at-pot2.png Fear: Last earnings call for LW was scary. Are they gonna make it? Do they have access to credit? .... Guess what. This time around those fears are not gonna be around. This alone is weighing 10% on the price. Do you remember the stories of farmers giving away Idaho potato in March? I sure do. Fast food restaurants: Wendy's and McDonald's stock price has recovered to pre-covid level. That's good enough for me to think demand for fries in fast food restaurants is not an issue. Coca-cola's stock is about 10% off from all time high. Not on the Radar: For some reason this is not on wallstreet radar. There are no future contracts for potatoes on CME. Everyone is looking at tech, virus, orange man and yellow metal. This is the only time frozen potatoes have become hot. Positions:
Disclaimer: what you read above is not advice, offer to sell securities or research report. What you read was ramblings of a mad man in 7th floor of a psychiatric hospital. [link] [comments]  |
| Posted: 05 Oct 2020 10:00 AM PDT Is it me or do we anticipate another market crash? I see how the dollar depreciated as soon as Trump announced his corona results. The market is quite speculative and correct me if I'm wrong, Is warren Buffett pulling out of the US and investing in Japan? High levels of uncertainty here. Please comment down any more speculative reasons you feel if a market crash is coming [link] [comments]  |
| Help with JigSaw / No BS Trading Posted: 04 Oct 2020 10:46 PM PDT Help with JigSaw / No BS Trading Hello Community, Hope you are doing well and staying safe. Lately, I have been inclined towards DOM style of trading. What I see is that JigSaw is the best in class and No BS Trading course has really good content about it. I am looking to your input on the below queries: — Are the tools and courses provided by jigsaw enough to learn DOM based trading or should I sign up for No BS Trading? — Feedback on No BS Course? — Which broker should I use if I opt for Jig Saw. Currently I have account with Tastyworks and TD Ameritrade. Both do not support Jigsaw. I see that Tradeovate, NinjaTrader, AMP Futures and Optimusfutures being supported. Not sure which one to choose. Any input on any of the above will be very helpful and I would highly appreciate it. Thanks in advance. [link] [comments]  |
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