Stock Market - Here is a Market Recap for today Wed, Oct 14, 2020 |
- Here is a Market Recap for today Wed, Oct 14, 2020
- Stock expectations regarding upcoming election
- $AMC panic selling. Opportunity to profit?
- What would happen to owned shares if a large tech stock gets broken up?
- FSLY dropped allost 30% because of earningsreport, did this just became a buy?
- Help.
- What are the benefits of using multiple platforms to invest with?
- Kind Internet Strangers of the "Swing Trader" Variety, sought for candid opinions.
- Watchlist: 10/14 Banks, First Red Day
- anyone buying more $NET?
- Salomon Brothers: Who Were They?
- Which animal are you?
- When to Buy? US Stocks
- Hedging ST Gains
- Buying one share of stock
- Too late to jump into $NIO?
| Here is a Market Recap for today Wed, Oct 14, 2020 Posted: 14 Oct 2020 02:00 PM PDT PsychoMarket Recap - Wednesday, October 14, 2020 Stocks accelerated yesterday's losses as market participants digested a new round of corporate earnings report and the prospects of additional stimulus before the November presidential election. The Nasdaq finished 0.84% down. The S&P (SPY) fell 0.63%, and the Dow Jones finished the day 0.53% down. Today, Treasury Secretary Mnuchin admitted that coming to a deal regarding stimulus and advancing the measure through Congress would be "difficult" before the November election. The remarks come shortly after Mnuchin and House Speaker Pelosi met on the phone to negotiate further, a deal Pelosi's spokesperson called "productive". The two are set to discuss again tomorrow, but after multiple weeks of discussion and the November election coming ever-nearer, chances for additional stimulus look dim. The impasse between US lawmakers over stimulus is alarming, given the frequent calls of Pres. Trump, Jerome Powell and other FOMC members, and economist for more virus-relief. Yesterday, Senate Leader Mitch McConnel said he would introduce a smaller, more targeted proposal to the Senate when the chamber reconvenes next Monday. He said "When the full Senate returns on October 19th, our first order of business will be voting again on targeted relief for American workers, including new funding for the PPP." The estimated $500 billion deal is way below the $1.8 trillion package proposed by the White House earlier in the week, a sign that negotiations may be souring. However, Pelosi has made it clear she would not support smaller, targeted bills, calling them inadequate. Pres. Trump appears to agree with her, tweeting "Go big or go home!!!" for more stimulus. In other news, two companies in the forefront of vaccine development for the coronavirus announced their respective trials were put on trial over safety concerns. Eli Lilly (LLY) said Tuesday afternoon that enrollment for its COVID-19 treatment would be temporarily halted, less than a day after Johnson & Johnson (JNJ) said clinical trials for its COVID-19 vaccine candidate were paused due to an unexplained illness in a participant. Shares of Eli Lilly and Johnson & Johnson were little changed overnight after dropping during Tuesday's session. In terms of earnings season, all eyes are on big banks as they have already started to report. An article published by Marketbeat summarized sentiment by stating that "JPMorgan Chase, Citigroup, Wells Fargo and Bank of America saw their profits partly recover in the third quarter from the depths of the coronavirus-caused recession earlier this year. The turnaround stems mostly from improvements in the U.S. economy that allowed these big banks to set aside less money to cover potentially bad loans — $5 billion in the third quarter versus $33 billion in the second quarter." Highlights
"Live a great life where you are, and in the daily work you have to do, and greater works will surely find you out. Big things will come to you, asking to be done" -Wallace D. Wattles [link] [comments]  |
| Stock expectations regarding upcoming election Posted: 14 Oct 2020 07:38 AM PDT Considering that the American election is Soon, what are your expectations regarding its effect on the stocks. Specifically Americans stocks and US listed Chinese stocks. Im also curious if you think the outcome Will be different and if so, how do you think the outcome is going to be if Trump wins or if Biden wins If this is against the rules of this subreddit, I apologize in advance. [link] [comments]  |
| $AMC panic selling. Opportunity to profit? Posted: 14 Oct 2020 07:54 PM PDT $AMC has taken a big hit with news of potential bankruptcy. They have also reported a plan to have 520 of 600 theaters open very soon. I have seen this happen with other companies over the past 8 months and seen stock prices come back pretty strong. Thoughts? [link] [comments]  |
| What would happen to owned shares if a large tech stock gets broken up? Posted: 14 Oct 2020 05:42 PM PDT I guess a theoretical, but somewhat realistic, scenario. What would happen to shares of let's say Amazon stock if they were to be broken up by government order. Would shares tank, or would you be given proportional shares in the new companies that splinter off from Amazon, or a combination of both? [link] [comments]  |
| FSLY dropped allost 30% because of earningsreport, did this just became a buy? Posted: 14 Oct 2020 01:30 PM PDT Would love to hear different opinions about this company. Added them to my watchlist together with NET long ago and would love to hear the toughts of my fellow reddit financial advisors. [link] [comments]  |
| Posted: 14 Oct 2020 05:19 AM PDT I'm currently transferring brokerages (Robinhood to Fidelity) and i wake up and only part of my profile transferred. Is this normal? Am i just supposed to wait and it will all be done? [link] [comments]  |
| What are the benefits of using multiple platforms to invest with? Posted: 14 Oct 2020 07:44 PM PDT Sorry if this is a dumb question, but I'm just getting into investing and it seems like pretty much every YouTuber that makes videos on the stock market invests multiple platforms such as Robinhood, Webull, fidelity, etc. and the list could go on and on. What is the benefit of trading stocks on multiple platforms? [link] [comments]  |
| Kind Internet Strangers of the "Swing Trader" Variety, sought for candid opinions. Posted: 14 Oct 2020 01:38 PM PDT So here I am, spending another evening trying to develop and perfect my strategy. I've spent the last 12 months trying to make sense of this godforsaken and volatile market; which has frankly left me in absolute adoration of anyone who's proven themselves genuinely successful. I've done "alright", but I'm lacking consistency of strategy, which has led to lack of "consistency of gains". I've been down every Rabbit-hole and read every "nonsense" going. It's led me to a little sweet spot where I can recognise the BS and bad advice more readily; or at least the things that won't work for me. I've decided (based upon recent conversations) that I've been looking at the whole thing arse-about-face and have consequently been too reactive to the forces which affect market prices. I've spent tonight trying to conjure up a new strategy that's inherently organised, emotionless, "relatively" low risk and most importantly: proactive. I've started by creating a shortlist of General Criteria: Large Cap +; Monthly Performance +20%; Annual Performance +100%; Analyst Ratings: Buy or Better. This left me a shortlist 25 tickers, all in solid uptrends. None are unacceptably volatile, but all would make relatively good medium-term gains if left unattended. Here's the clincher though: I want to do better than "relatively good". I added some DD checks - Checking Fundamentals; Assessing World Politics; FX rates and comparing to Industry peers. After this; I've tried to separate out potential catalysts, which I'm planning on Diarising for the next 3-6 months and have separated into "Proactive" and "Reactive" categories. The "Proactive" list includes:
The "Reactive" List, which I'm trying to work out how to reliably (and quickly) nail, is:
I would love your feedback, thoughts and opinions on this! The aim is to do relatively short term trades (riding a strong trend for as long as it lasts, at a rate greater than an ETF or long term hold), whilst dealing with only a realistic, normal person's amount of risk. WSB entertains me, but I don't have the bottle to make it a mantra. [link] [comments]  |
| Watchlist: 10/14 Banks, First Red Day Posted: 14 Oct 2020 06:02 AM PDT Market Notes: The markets post their first red day in a week a massive surge upward. I'm watching the gaps from Friday to Monday to hold. If the gap fills it a good sign for the bears. Earnings season has officially kicked off. Banks are in play, BAC missed and GS beat. Futures are flat this morning after dropping from green to red. AAPL released it's first 5G iPhone. I'll be watching 5G plays as the week progresses. Watchlist: IEA is a low float, watching for a setup above $8 SOL is a low float, resistance in the $4s VOXX is a low float, watching for support around $9.70 TGLS is a low float, support at $6 ALRN is a lowish float, resistance at $2 ATEC key level $10 PEIX has resistance at $9.19 OCUL resistance at $12 MGI has resistance at $4 MGNI has support at $9 GPRO watching for a setup above $7 LCTX has resistance at $1.30 PACB has resistance at $14 NIO is on watch [link] [comments]  |
| Posted: 14 Oct 2020 02:05 AM PDT its been on a tear recently and i am up about 70$ cause i had a small position...how are you doing?? do you think i should buy more at 60$, or wait for it to dip? do you think it will dip? [link] [comments]  |
| Salomon Brothers: Who Were They? Posted: 14 Oct 2020 09:35 AM PDT "The principal offices of Citigroup Global Markets Holdings are located at 388 Greenwich Street, New York , New York 10013 , and its telephone number is ( 212 ) 559-1000. Citigroup Global Markets Holdings was incorporated in New York on February 23, 1977 and is the successor to Salomon Smith Barney Holdings Inc., a Delaware corporation, following a statutory merger effective on July 1, 1999 , for the purpose of changing its state of incorporation. On April 7, 2003 , Citigroup Global Markets Holdings filed a Restated Certificate of Incorporation in the State of New York changing its name from Salomon Smith Barney Holdings Inc. to Citigroup Global Markets Holdings Inc." Read more "Deep Within Citi, the Death of Salomon" Wall Street Journal "Salomon's renowned credit desk helped push the bank into tens of billions of disastrous mortgage bets. Its investment bankers, largely Salomon veterans, piled on billions more in leveraged-buyout debts. Meanwhile, it was Salomon's commodities-trading operation, Phibro, that provided some of the only reliable profits for the Citi mothership". Read more (Wikipedia) "Philipp's trading continued to enjoy phenomenal growth as the world turned to spot traders to move scarce natural resources around the globe. By 1972, EMCC's sales hit $US2 billion, about 80 percent of it supplied by Philipp, and in 1974 revenue reached $5 billion. By 1981, Philipp Brothers earned 89 percent of the total corporation's $US26.6 billion in revenues and 88 percent of its $US532.7 million in profits. Management in the slow growing minerals-and-chemicals division, along with those in precious metals, felt overshadowed by their trading counterparts. This led to the spinoff of Philipp Brothers (later called Phibro), and renaming what was left the Engelhard Corporation". Read more "Time Bomb", The New Yorker (Later) FACTBOX: A history of Citi's Phibro unit, Reuters "Salomon Brothers Sold", Washington Post, (Published on August 4, 1981) Rise and fall of a commodities powerhouse, Financial Times "We basically controlled the oil world," said Mr Kaplan. "It was quite amazing. We had very good people. There was no price dissemination, so we used to tell people what the price was." Phibro-Salomon Inc. Changes Name to Salomon Inc., AP, (Published May 8, 1986) "Salomons agrees to $9bn merger with Smith Barney", The Independent, "CITI'S PICKS PANNED IN SUIT", New York Post, September 9, 2005 In October 1998, an historic merger took place—Citicorp and Travelers Group merged to form Citigroup. Citigroup is today the preeminent global financial services company offering a range of services from investment banking, insurance and asset management, to consumer banking, credit cards, mortgage loans, and consumer finance. Among the companies that became one were Citibank N.A., Travelers Insurance, Salomon Smith Barney, Primerica, and Commercial Finance Corp. Soon after the merger, I requested that copies of all existing records for artwork, including any photo documentation, be sent to my office so that I could better understand the scope of the merged collection. On September 11th, Citigroup lost over one million square feet of office space when Seven World Trade Center collapsed in late afternoon. Fortunately, all of our employees (as well as all other occupants) in the building had been evacuated earlier, but unfortunately, all our furnishings, records, and artwork was lost. (Bloomberg, October 25, 2000) "Sanford Weill's Travelers Group Inc. had acquired Salomon in 1997, and had completed his merger with Citicorp one day before the bank declared Eagle in default. Weill had already shut down Salomon's U.S. bond arbitrage desk three months earlier because of losses and was a participant in the $3.6 billion bailout of Long-Term Capital". read more "The Board determined by regulation before November 12, 1999, that engaging as principal in Commodity Derivatives, subject to certain restrictions, was closely [link] [comments]  |
| Posted: 14 Oct 2020 02:10 PM PDT 🐂Bulls 🐻Bears 🐓Chickens 🐖Pigs 🦌Stags 🐑Sheeps 🐺Wolves 🐋Whales 🦈Sharks 🐰Rabbits 🐢Turtles [link] [comments]  |
| Posted: 14 Oct 2020 12:17 PM PDT I been eyeing few companies for the last month and I want to finally invest in them. Not sure if this is a good time to buy these or should I wait? BYDDF (BYD has been doing great for the past 6 months. I did have a chance to buy at 13.98 at one point but I waited thinking it might go down a bit but it never did) Apple XPEL Boeing Thoughts? [link] [comments]  |
| Posted: 14 Oct 2020 11:23 AM PDT Hello all, I currently have fairly substantial short term gains in a stock that I would like to hedge. I believe the stock has gotten a little overextended and would like to reduce my exposure. However, I would like to avoid paying ST capital gains taxes. What is the best approach to hedge these gains until they become LT gains? My first thought was buying put options, but I wasn't sure how to think about what strike price and expirations. I bought the majority of the shares in early April so have about 6 months until the gains become long-term for tax purposes. Any help would be greatly appreciated. [link] [comments]  |
| Posted: 14 Oct 2020 10:47 AM PDT Will it be beneficial or pointless to just buy one share of TSLA? I'm new to investing and I believe in Tesla's ability to skyrocket in profitability. I would invest more money in if I had it, but I don't. I did however just recently buy one share at $445. Obviously that money will have a return, but given that it's only one bought share, is really worth it? [link] [comments]  |
| Posted: 14 Oct 2020 08:48 AM PDT EV stock based out of China. Analyst Nick Lai of JP Morgan raised his price target on the Chinese electric-vehicle maker all the way to $40 from $21—almost double where the stock trades (as of 10/13). That is double NIO's average price over the past month and nearly double where the stock was trading before the bullish call. Lai thinks China's EV penetration will be four times higher by 2025, meaning that about 20% of all new cars sold in China would be battery powered. That is good news for all EV players. Lai also rates the stock of Xpeng (XPEV) a Buy, with a $27 price target. He doesn't cover the other pure-play Chinese EV startup Li Auto (LI). China is the largest market in the world for new vehicles. [link] [comments]  |
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