Stock Market - Here is a Market Recap for today Tuesday, October 27, 2020 |
- Here is a Market Recap for today Tuesday, October 27, 2020
- "The Efficient Market Hypothesis does not imply prices will always be 'correct' or that all market participants are always rational. There is abundant evidence that market participants are far from rational. It simply implies that we can never be sure whether prices are too high or too low."
- Microsoft beats on sales and earnings as Azure growth outpaces expectations
- My Long Term ETF Portfolio
- DKNG and HYLN long(ish) term opportunity
- What happened to NVCN today, and should I invest now?
- Cyberpunk 2077 release on Nov 19, 2020. CD Projekt ($OTGLY)
- Resmed earnings - August 5th
- If I bought spy calls yesterday and just bought spy puts today, would it still be a day trade if I sold the calls that I bought yesterday?
- What will happen when commercial landlords realize that they're not going to get their back rents?
- 6 Months Prior To The Virus Outbreak, Two Writers Took It Upon Themselves To Chronicle All Of The Key Financial Events That Led Up To What Has Been Considered By Industry Experts As The Largest Bailout Of Wall Street In American History..
- Piie.com Provides a Nice Illustration of the Tradewar Timeline
- Watchlist: 10/27 Uncertainty Dragging Markets Down
- Siyata Mobile (Nasdaq:SYTA) – A nano-cap with 10 bagger potential
- Institutional vs Individual Investor Breakdown
- Trimming position to lock in profits before earnings or not?
- What will happen to the economy of developing and emerging markets with the credit expansion?
- PBF just hit 52 weeks ATL at $4.82
- $SEEL
- Where can I find reliable benchmarks
- Jack Ma is making history again with the Ant IPO
- Companies to invest in? Is this the right time?
| Here is a Market Recap for today Tuesday, October 27, 2020 Posted: 27 Oct 2020 01:09 PM PDT PsychoMarket Recap - Tuesday, October 27, 2020 Stocks traded choppily after yesterday's selloff, with the indices losing an average of 5% from their October highs. Market participants are closely monitoring the rising number of coronavirus cases in the US and Europe and uncertainty surrounding stimulus and the presidential election a mere week away. In the US, over the weekend, the US registered coronavirus cases hit a record high with more than 81,000 new cases, according to data gathered from worldometers.info. Yesterday, the US registered 70,000 new cases. Dr. Anthony Fauci, the nation's leading infectious disease expert said the US is still in the "first wave" of the pandemic, given that cases never stabilized to more than a "manageable level." He explained that while the Northeast has been able to reduce its outbreak, the national baseline never fell to a more manageable number like 10,000 cases per day. With a worrying surge of cases across Europe, governments have begun imposing a new round of restrictions. Today, the Czech Republic joined France, Spain, Italy, and the United Kingdom in enforcing a strict nighttime curfew and placing new restrictions in businesses such as gyms and restaurants. Yesterday, Speaker Pelosi and Treasury Secretary Mnuchin met for what feels like the hundredth time to discuss the passage of additional stimulus. Pelosi's spokesperson Drew Hamill said of the meeting, "The Speaker remains optimistic that an agreement can be reached before the election," adding that "progress depends on Leader Mitch McConnell." Today, Senators left Washington for a break ahead of the election. With the election a mere week away and Senators no longer in Washington, chances to pass a bill are extremely thin. Next Tuesday, November 3rd are the US presidential elections between Joe Biden (D) and President Trump (R). The election is set to be extremely contentious and will have enormous effect on the market for years to come. Highlights
"The only real failure in life is the failure to try" -George Bernard Shaw [link] [comments]  |
| Posted: 27 Oct 2020 07:05 AM PDT https://www.pairagraph.com/dialogue/c93c449006c344ce94e6e2e8fbe7aba3 Burton Malkiel discusses the peculiar behavior of markets with Robert Shiller. [link] [comments]  |
| Microsoft beats on sales and earnings as Azure growth outpaces expectations Posted: 27 Oct 2020 01:24 PM PDT https://www.cnbc.com/2020/10/27/microsoft-msft-earnings-q1-2021.html Earnings: $1.82 per share, adjusted, vs. $1.54 per share as expected by analysts, according to Refinitiv. Revenue: $37.15 billion, vs. $35.72 billion as expected by analysts, according to Refinitiv. Revenue from the Azure public cloud grew 48%, accelerating from 47% in the prior quarter. Microsoft doesn't disclose revenue from Azure in dollars. Analysts had expected around 44% growth. With respect to guidance, Microsoft expects $39.5 billion to $40.4 billion in fiscal second-quarter revenue. The middle of that range, at $39.95 billion, implies 8% annualized growth, and it's below the Refinitiv consensus estimate of $40.43 billion. Stock price is down about 1.5% after hr. Azure is still a bright spot and see accelerating revenue grow, which shows msft is still benefiting during the pandemic period. With X box gaming console releasing and stable revenue like ms office products, msft is still a long term growth stock. [link] [comments]  |
| Posted: 26 Oct 2020 11:28 PM PDT Edit: Seeing the responses has made me realize this post was a major mistake as everyone is either too deadset on seeing things from a value investing perspective or genuinely believes these concepts to not be relevant to the future of humanity. We're gonna end up agreeing to disagree or the downvote mob will have me hung. So to clarify:
Hi all, The idea with this portfolio is that they are mostly actively managed and focus on goals rather then specific companies or industries. If, say, 3D modeling goes out of style in replacement of something more advanced, Ark Invest will adjust its products accordingly. Seeing how profitable each of these are it is incredibly unlikely they will be dissolved any time soon. With that in mind, these ETFs focus on many groundbreaking things that will inevitably become the cornerstones of our society by the time I retire in 2060. Currently, each of these products has outperformed the SPX thrice over with VCR having taken the lead at a 245% YTD return. CXSE takes last place with 43% return YTD but still outperforms SPX in the same time horizon. A key advantage is that this portfolio taps heavily into foreign markets and has holdings comprised of securities on the Honk Kong exchange and other foreign markets (Most notably Tencent). There is diversity found both geographically and financially. I am keeping each at a weighting between 8 and 12 percent as to not overindulge into one specific security. Given the massive share price of VCR it can be difficult at times as one share equates to 10% of my current portfolio. Many of these ETFs are rebalanced quarterly and/or monthly by active managers. Vanguard's VCR fund is the only one that isn't actively managed but the inherent concept of its holdings keeps it on top. Some of these ETFs have overlapping securities dominating their Top 10 holdings. Given that they are primarily growth ETFs this is expected. The biggest overlaps include Tencent, Alibaba, MercadoLibre, Twitter and Tesla.
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| DKNG and HYLN long(ish) term opportunity Posted: 27 Oct 2020 10:50 AM PDT With DKNG falling below 100 SMA and HYLN slowly but surely approaching 200 SMA, I feel like we have reached a pretty good entry price for these two stocks. With everything I have read about these two companies, both of them have real value and tremendous future growth potential (i.e. not like Nikola). Even better, they have heavily fallen off their highs which might indicate people have been overly bearish on them. I have also noticed that more and more financial people/companies are beginning to push the DKNG stock as it has reached an attractive buying point. Of course this stock is very reactive to negative Covid news as it depends on sports team being able to play. As to HYLN, I feel like people have just been trading this stock with their emotions. It turned into a bear bandwagon since it fell off its highs. But I have been patiently waiting for the 200 SMA so I feel like it will be soon a good buy. What's you guys' take on these companies? [link] [comments]  |
| What happened to NVCN today, and should I invest now? Posted: 27 Oct 2020 03:48 PM PDT Literally just bought shares at $2.41, and the stock just tanked to $1.20. Forecasts are still looking solid over the next twelve months, but I would love some other opinions on if I should buy/hold/sell right now. [link] [comments]  |
| Cyberpunk 2077 release on Nov 19, 2020. CD Projekt ($OTGLY) Posted: 27 Oct 2020 08:25 AM PDT Update: Game release was 21 days delayed just 1 hour after I posted this. CD Projekt's ($OTGLY) biggest game to date is being released on Nov 19th. This is not just any release. This is the biggest RPG game of the decade. 8-10 years in making, it is not just slightly better than other games; it redefines the category. This thing is something everyone will be playing for years to come. Think of it as someone giving you a poke 3 weeks before the original Grand Theft Auto was released. This is the first in franchise. Huge moat: Cost of production is in $120 Million to $200 million range which puts it in the same league as Grand theft auto V and Red Dead Redemption 2. GTA V has made 6 billion to date. Red Dead Redemption 2 made over $725 million in revenue in three days, and over 17 million copies shipped in total in two weeks. They have a staff of 500 working on this. It took 8-10 years to make this. No one else is gonna be able to compete for a long time. Top dog within class: There are many different game classes. This is gonna sit at the top of RPG class with anyone thinking about RPG games buying this. Buzz: I don't play video games but even I noticed the buzz. Any trailer, teaser, review that gets posted immediately gets several hundred views within days. r/gaming is losing its mind waiting for the release. This post got 134,000 upvotes and is the top post of the week: https://www.reddit.com/r/gaming/comments/jezwed/its_been_8_years_my_friends/ 89.5k votes https://www.reddit.com/r/gaming/comments/jampi9/cyberpunk_2077s_entire_script_the_game_worth_a/ 30.8k votes https://www.reddit.com/r/gaming/comments/jfg296/be_ready/ Huge nerd following: Cyberpunk is a genre of fantasy that includes Blade Runner, Matrix trilogy, Terminator, Robocop, ... After dungeon and dragons and magic the gathering, cyberpunk role playing games have huge following. This is your chance to invest in nerds and fringe. Wall Street hasn't woken up to this because the company is Polish. But recently their ADR has been trading OTC without any analyst taking notice. This is your opportunity. Uncorrelated to the rest of the market. When everything else goes down this thing doesn't react. That's a massive advantage giving you uncorrelated gains. The game has Drugs, Nudity/Sex, Violence, Politically incorrect concepts, shooting, dystopia, and future technology. You can even customize your penis in the game. I am not kidding. You really can customize your penis in the game. Lots of Celebs:
Positions: You can only get shares. No options available for North Americans. Also traded in France, and of course Poland. Disclaimer: what you read was written by Comic Book guy from Simpsons. Sue him if you don't like what you see here. [link] [comments]  |
| Posted: 27 Oct 2020 12:12 PM PDT I don't know how many of you follow Resmed but, on August 5th, they reported earnings that beat estimates on the top and bottom lines and their stock took a nosedive. While it's not uncommon for a stock to decrease after earnings even when beating on the top and bottom lines (expectations too high), it is uncommon for a stock to drop almost 15% after reporting beats. I've scoured the internet trying to find the reason but have come up with nothing. I realize that it's a far shot that anyone here knows anything - I don't think Resmed is a widely followed company but I thought I'd go ahead and ask on the off chance anyone knows anything because I'm super curious about this. Does anyone know the reason for this almost 15% drop? [link] [comments]  |
| Posted: 27 Oct 2020 07:27 AM PDT So I'm wondering if this is still a day trade? I bought the calls yesterday, and the puts today. If I sold the calls from yesterday would I still be hit with a day trade? [link] [comments]  |
| What will happen when commercial landlords realize that they're not going to get their back rents? Posted: 27 Oct 2020 05:07 PM PDT Many businesses have not been paying their rents, and business is unlikely to snap back very soon. What is going to happen to commercial landlords when their renters are not only in arrears, but bankrupt? In particular, what is going to happen to the market? Is it only REITs that will drop? Is Biden (or godforbid tRump) likely to go for another trillion dollar business bail-out? What is the best way for us little guys to protect ourselves, or even make a buck or two? [link] [comments]  |
| Posted: 27 Oct 2020 12:05 PM PDT ..From day one, they were very critical of the feds entry into the short-term lending markets, providing key insights and unique perspective that, quite frankly, I struggled to find anywhere else.. Yet oddly, nobody seems to know who they are. This is unusual. Their articles on this subject, when compiled together, are easily the best full chronology that you will find on the internet..(update: the website appears to be blocked on reddit) Listed below is their first article, the day after the repo-meltdown. (to view the site, just click on the link, then take out the text "-remove-". The extra word in the center of the url was used to bypass this unusual, sitewide ban.. September 18, 2019 ~ "The Fed Intervened in Overnight Lending for First Time Since the Crash. Why It Matters to You." Link And this was their best.. March.13th -- "The Federal Reserve Board of Governors has acknowledged to Wall Street On Parade that it has 233 documents that might shed some light on why JPMorgan Chase was allowed by the Fed to draw down $158 billion of the reserves it held at the Fed last year, creating a liquidity crisis in the overnight loan market according to sources on Wall Street. After taking four months to respond to what should have been a 20-business day turnaround on our Freedom of Information Act request, the Federal Reserve denied our FOIA in its entirety. (Our earlier request to the New York Fed resulted in the same kind of stonewalling. See The New York Fed Is Keeping JPMorgan's Secrets Close to Its Chest.)" Read more [link] [comments]  |
| Piie.com Provides a Nice Illustration of the Tradewar Timeline Posted: 27 Oct 2020 11:24 AM PDT "President Donald Trump's trade war with the world involves multiple battles with US allies and others alike. Each battle uses a particular US legal rationale, such as calling foreign imports a "national security threat," followed by Trump imposing tariffs and/or quotas on imports. Subsequent retaliation by trading partners and the prospect of further escalation risk significantly hampering trade and investment, and possibly the global economy." Link [link] [comments]  |
| Watchlist: 10/27 Uncertainty Dragging Markets Down Posted: 27 Oct 2020 03:50 AM PDT Market Notes:We're now only one week from the election and uncertainty is everywhere. COVID cases are on the rise, new restrictions are being put in place. This will have an impact on business and unemployment. Trump continues to claim election fraud and battleground states are warning they may not have results back on election night. At this point we aren't sure when will we have election results and if the results will be accepted. Trade tensions are on the rise with China again. The US approved a sale of arms to Taiwan. Beijing isn't happy. I've got a short list after yesterday's selloff. The trend is pointing decisively down. Watchlist:GOED is a low float, on watch ISIG is a low float, on watch CBAY has resistance at $9 AVXL has resistance at $6 [link] [comments]  |
| Siyata Mobile (Nasdaq:SYTA) – A nano-cap with 10 bagger potential Posted: 27 Oct 2020 12:14 PM PDT Summary:
Full thesis: [link] [comments]  |
| Institutional vs Individual Investor Breakdown Posted: 27 Oct 2020 05:56 AM PDT I need to analyze the stock purchases of a public company over the past 14 days and analyze if each purchase was an institutional or individual investor. I can pull the list of stock purchases, including the buyer and seller name (mostly anonymous). Any ideas of how I can accomplish this? [link] [comments]  |
| Trimming position to lock in profits before earnings or not? Posted: 27 Oct 2020 11:34 AM PDT As in the title, is it ever a good idea to trim a position before earnings/other price moving events as a way to lock in some previous gains? I'm a young investor trying to get into good habits! Seems like it may be a 'half-way happy' way to limit potential downside by locking in profits, while still allowing exposure to further upside should the event result in positive price action. Thoughts? [link] [comments]  |
| What will happen to the economy of developing and emerging markets with the credit expansion? Posted: 27 Oct 2020 11:22 AM PDT We have seeing a huge credit expansion everywhere. Has it ever happened before? What are the tendencies and what can we expect in the future with this credit expansion? [link] [comments]  |
| PBF just hit 52 weeks ATL at $4.82 Posted: 27 Oct 2020 08:23 AM PDT This is even lower than the lows from the beginning of the pandemic. If I hold for a few years, I'm expecting it'll reach back up to $30 pre-pandemic levels. Is this a good opportunity? [link] [comments]  |
| Posted: 27 Oct 2020 05:44 AM PDT Seelos Therapeutics is looking HOT this morning! It will be interesting to see where it will be next week (after the election) and leading in to their earnings report on Friday! The future is looking bright!! Big Pharma CEO's definitely have to be losing sleep, knowing that the benefits of medicinal psychedelics put their product to shame!! Look how much money the marijuana market has generated!! [link] [comments]  |
| Where can I find reliable benchmarks Posted: 27 Oct 2020 05:15 AM PDT I'm looking for quick benchmarks for stocks. For example reviewing a company's beta, PE or WACC etc. it would be great to have a benchmark of peers in the same industry as well as market and vertical. Is this something that can be found fairly quickly and reliably without having to compile several datasets? Any recommendations are welcome. [link] [comments]  |
| Jack Ma is making history again with the Ant IPO Posted: 27 Oct 2020 12:05 AM PDT Original link 【Jack Ma is making history again with the Ant IPO】 Financial tech company Ant Group's share sale in Hong Kong and Shanghai — the biggest in history — will catapult Ma to within striking distance of the globe's richest elites. Bloomberg estimates that the 56-year-old's fortune will soon hit $71.1 billion, positioning him as the 11th wealthiest person in the world. Are you concerned about the secondary listing of ANT? [link] [comments]  |
| Companies to invest in? Is this the right time? Posted: 27 Oct 2020 05:02 AM PDT |
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