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    Tuesday, October 13, 2020

    Stock Market - Here is a Market Recap for today Tuesday, Oct 13. Please enjoy!

    Stock Market - Here is a Market Recap for today Tuesday, Oct 13. Please enjoy!


    Here is a Market Recap for today Tuesday, Oct 13. Please enjoy!

    Posted: 13 Oct 2020 01:05 PM PDT

    PsychoMarket Recap - Tuesday, October 13, 2020

    Stocks traded mostly lower today, losing some of yesterday's gains. Market participants are digesting the first batch of corporate earnings, special events from giants Amazon (AMZN) and Apple (AAPL), and as usual, developments in Washington regarding fiscal stimulus.

    The Nasdaq (QQQ) finished even on the day. The S&P 500 (SPY) 0.64% down and the Dow Jones (DIA) finished 0.58%.

    Economists and financial analysts expect companies within the S&P 500 to post an aggregate earnings per share decline of 19.4% over this year. This estimate is higher than the 20.5% decline predicted back in the Spring. LPL Research said in a note, "The increase in analysts' earnings estimates reflects increased confidence in the outlook, even with the challenges Covid-19 still presents in terms of social distancing, various safety protocols, and shifting consumer behavior. We have been encouraged by recent data pointing to a continued steady reopening of the economy, and we believe the likelihood that additional lockdowns may meaningfully impair business activity remains very low.

    Today, in a letter, House Speaker Nancy Pelosi said that the White House's new proposal for coronavirus aid, saying that "in terms of addressing testing, tracing and treatment, what the Trump Administration has offered is wholly insufficient." After a day of promising developments yesterday, it appears stimulus negotiations have stalled once again. Senate Majority Leader Mitch McConnel said his party was preparing a new, targeted package of "roughly $500 billion". However, Pelosi has stated in the past, in response to the airline relief bill, that she will not support targeted stimulus, only a comprehensive package. Over the weekend, the Trump administration called on Congress to pass a smaller $1.8 billion coronavirus relief bill as negotiations on a bigger package continue to run into roadblocks.

    Highlights

    • Today Apple announced a slate of new products, including the next generation of iPhones (the iPhone 12) that supports the burgeoning 5G network. It also announced a new smart home speaker and a new way to charge devices, called MagSafe, which lets charger, cases, and other accessories snap onto the back of the device using a magnet. The stock was down today, after rallying around 6% yesterday.
    • Today is Amazon Prime Day "one-day only event filled with more deals than Black Friday, exclusively for Prime members around the globe." The world's largest online retailer is slashing the prices on a lot of popular items.
    • Eli Lilly's (LLY) late-stage trial of its leading monoclonal antibody treatment for the coronavirus has been paused by U.S. health regulators over potential safety concerns, the company confirmed. The stock was more than 3.3% down at the time of writing.
    • Delta Airlines (DAL) reported worse than expected earnings in EPS and revenue. Stock was more than 2% down.
      • EPS of -$3.30 vs -$3.10 estimate
      • Revenue of $3.06 billion v $3.12 billion.
    • Big banks showed remarkable strength in earnings, despite the effects of the pandemic.
      • Citigroup (C) reported EPS of $1.40 vs $0.77 estimate and Revenue of $17.3 billion vs $17.18 billion estimate. Stock was more than 4% down at the time of writing
      • JP Morgan (JPM) reported EPS of $2.92 vs $1.86 estimate and Revenue of $29.90 billion vs $28.20 billion. Stock was around 1.5% down at the time of writing.
    • Johnson and Johnson (JNJ) better than expected earnings. The stock was 2.3% down at the time of writing.
      • EPS $2.20 vs $1.98 estimate
      • Revenue of $21.08 billion vs $20.15 billion estimate.
      • The company late-stage coronavirus vaccine was paused after a participant reported an "adverse event" about 36 hours earlier, the company's chief financial officer said today
    • Boeing (BA) said Tuesday that it didn't win any new orders in September and delivered only 11 aircrafts this month, due to decreased demand in light of the pandemic.
    • Workhorse (WKHS) shares are around 12.8% after a USPS contract decision was reportedly delayed, prompting a stock downgrade from Roth Capital.
    • BMO Capital markets upgrades in the hotel space:
      • Hilton Hotels (HLT) $72 to $89 from UNDERPERFORM to MARKET PERFORM
      • Host Hotel Resorts (HST) from $12 to $14 from MARKET PERFORM to OUTPERFORM
      • Marriott International (MAR) from $83 to $95 UNDERPERFORM to MARKET PERFORM
    • Foot Locker (FL) upgraded by Bank of America from $20 to $50 at BUY.
    • Jefferies Financial upgraded:
      • Cubesmart (CUBE) from HOLD to BUY at $42
      • Extra Space Storage (EXR) from HOLD to BUY and $121 to $135.
    • Disney (DIS) was upgraded by Loop Capital from HOLD to BUY at a price target of $150. Announced they are shifting strategy to streaming as the primary form of
    • entertainment!
    • Activision Blizzard (ATVI) was upgraded by the Royal Bank of Canada from HOLD to BUY and the price target raised to $90 from $75.
    • Zendesk (ZEN) had a target raised by the Royal Bank of Canada from $110 to $130 at OUTPERFORM.
    • Twilio (TWLO) had targets raised by Needham and Northland securities from $320 to $340 at BUY, and from $290 to $340 at OUTPERFORM. This stock is a monster!
    • TakeTwo Interactive (TTWO) had target raised by Deutsche Bank from $175 to $200 at BUY.
    • Peloton (PTON) had target raised by Robert W. Baird from $120 to $140 at OUTPERFORM. This stock has been on a tear!
    • Service Now (NOW) had a price target raised by Royal Bank of Canada from $510 to $600 at OUTPERFORM. This has been a monster stock, no end in sight... keep an eye out!

    "Faith without action is dead. It is the art of believing by doing, coming as a result of persistent action." Napoleon Hill

    submitted by /u/psychotrader00
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    Big 5 personalities and investment behaviour

    Posted: 13 Oct 2020 02:52 AM PDT

    Greetings to all stock market enthusiasts!

    As part of our academic research project, we are conducting a study on the Relationship between the Personality and Investment Behaviour of Individuals on the Stock Market.

    In order to do that, we require you to kindly fill the questionnaire below.

    It won't take more than 5 minutes, pinky promise!

    https://forms.gle/gxqnpWfNK5qfF41C7

    Thank you so much in advance!

    Edit - thankyou so much everyone for your valuable time. We got around 1200 replies which is way more than we were expecting.

    However, it will take some time to analyse the data bcoz -

    (1)new to statistics with real data

    (2)this is our first research

    (3)our topic of research has not much info available

    However we'll try our best to analyse the results ASAP and submit the results here itself

    submitted by /u/romeo_rocks
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    How credible/ well researched are ARK etf’s ?

    Posted: 13 Oct 2020 12:39 PM PDT

    I'm looking into investing into some of the ARK ETFs and was wondering how credible their fund manager were and how well researched their portfolios are?

    Are they reliable for returning investments as a company?

    Are there any reasons why you'd advise against investing with them?

    Or do you have any thoughts on why their thesis behind their investment portfolios could be wrong?

    Any advice would be appreciated!

    submitted by /u/Lovedubai37
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    What are the best books to study for Fundamental and Technical Analysis?

    Posted: 13 Oct 2020 12:29 PM PDT

    Hi, I'm sorry in advance if this has been asked multiple times. Lately I've become more and more interested in stock markets and I'm trying to find good books to read on the matter. Both in terms of Fundamental and Technical Analysis. Can you shine a light on this for me? Thanks for reading.

    submitted by /u/dannymira
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    What would you consider a sound investment rt now?

    Posted: 13 Oct 2020 06:19 PM PDT

    I'm in a stock sim competition and I need to have 20% of my portfolio at least in "sound" investments I was thinking of BABA and BRK.A. Any suggestions? Btw how much of my portfolio's investments being NASDAQ is too much? (In %) Thnx for the help.

    submitted by /u/MrHeavenTrampler
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    Single Large Volume Order on Exchanges

    Posted: 13 Oct 2020 03:24 PM PDT

    I'm curious why there are occasionally very large spikes in volume in a single trade. I saw it today on VST where there was a 1.37M share ($25M) order at 2:36 today. That is 40% of the typical volume and 28% of the days volume in a single trade! I see this at least once a day. For example, I saw it on RTX at 1:48 PM, STWD at 10:16 AM, NXST at 1:50 PM, RDNT at 12:58PM.

    Is that two institutions intentionally exchanging shares on the exchange to each other? Is that prenegotiated? Does one institution leave a massive bid and hope someone orders it? Is that an institution giving shares to a MM (or vice versa)? Is that the exchange just settling shares at a random time?

    Thank you for any help.

    submitted by /u/veggie-man
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    What’s your most recent sizable position?

    Posted: 13 Oct 2020 07:29 AM PDT

    While I like all the what would you buy with an imaginary $10k posts, I really wanna hear from people with skin in the game. What's your most recent sizable position and what's your reasoning and time horizon for that position?

    submitted by /u/Abdulthefool
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    free app to get stock email alerts in pre market/after hours?

    Posted: 13 Oct 2020 02:26 PM PDT

    I need to get stock price alerts in Pre market and after market trading. If news gets reported early in the morning in pre market and my stock skyrockets than I want to have an alert wake me up at 7am etc so I can sell. From my research I know theres apps you pay for like StockAlarm and Stocks Tracker etc where you pay $10 a month but Im looking for something free. All the free ones ive found only alert during market hours such as Thinkorswim and Investing.com and Webull. Anyone know any sites or apps that will work for me?

    Thanks

    submitted by /u/johnpalley
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    Stock market Redit channel in french?

    Posted: 13 Oct 2020 12:30 PM PDT

    I love the r/StockMarket but do you knpow guy a similar channel in french! I ad a crazy training with Daytradercanada with a guy named Maxime but everything i learn is in french!! i would like to relaye to a R/ about stock Market in french thank you

    submitted by /u/MonsieurVice
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    Scenario: Biden wins, stimulus package hopes go up... What will be your next move on the market?

    Posted: 13 Oct 2020 02:58 PM PDT

    Help with Apple buy/Call options

    Posted: 13 Oct 2020 08:44 AM PDT

    Any suggestions for me. I'm thinking about buying 4 or 5 call/buy options on Apple for March 19, 2021 @ 140 and April 16, 2021 @ 145. I think the stock will be higher than this but I've never done options that far out.

    Usually I just sell calls for a week to make a little extra money. Are there better plays to make in this other than these? Thanks.

    submitted by /u/GmanElvis
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    Time in the market vs timing the market

    Posted: 13 Oct 2020 08:30 AM PDT

    I know time in the market will ALWAYS be more valuable than timing the market. However, let's say I'm tossing my money into Roth IRA for the next 40 years and shooting for an annual return of 10% on my total portfolio. This is my first year and I'm currently above that at 20% return. Do you recommend selling now so that I meet my goal for this year and just let the cash sit in account - then reevaluate in 2021. OR do I just let it keep rolling, collecting my dividends, and yeah maybe it dips towards end of year and I don't make 20% for whatever reason(s) but it will eventually go back up. So, let it be since I'm not taking the cash out.

    submitted by /u/cant_think_of_2
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    Too late to buy Apple shares?

    Posted: 12 Oct 2020 09:41 PM PDT

    Is it too late to buy apple shares? I know I should have bought them some time ago but are we expecting it to keep rising with the event and the phone release coming up soon? (Buy price is at 124.40 dollars)

    submitted by /u/cxcpio
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    Apple using Fisker’s colors for their even page/ logo for today’s big day. iCar?

    Posted: 13 Oct 2020 05:19 AM PDT

    Interesting display here. I've seen this rumor before about a possible fisker partnership back in 2017, which makes the color choice here even more suspect. Deep speculation. Anyone else think this is just a coincidence and not the announcement of an iCar?

    submitted by /u/artyswiss
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    Watchlist: 10/13 Don't Call the Top

    Posted: 13 Oct 2020 04:58 AM PDT

    Market Notes:

    Futures are mixed this morning after yesterday's big gap up and surge. Once a window is open it's hard to close. The market is showing extremely bullish signals right now.

    Lots of talk about overextended, overvalued, and uncertainty from the bears but no one appears to be selling.

    A great way to go broke in the market is to try to pick the tops and bottoms. I'm staying bullish until the trend reverses. That could be after the election, it could be today.

    Be safe, the trend is your friend. The market can stay irrational longer than you can stay solvent.

    Watchlist:

    PXS is a low float, resistance at $1.20

    FLUX is a low float, support at $10

    HYRE is a low float, resistance at $4.36

    SURF is a low float, watching for support at $8 or $9

    PFMT is a lowish float, watching for at setup above $2

    PME watching for a setup above $2

    NNDM watching for a setup above $3.50

    VUZI is on watch

    EVRI has support at $9.20

    GPRO key level around $7

    APHA has support at $6.15

    submitted by /u/tradingforkeeps
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