• Breaking News

    Monday, October 19, 2020

    Stock Market - Target to pay more than $70 million in bonuses to hourly employees ahead of holidays

    Stock Market - Target to pay more than $70 million in bonuses to hourly employees ahead of holidays


    Target to pay more than $70 million in bonuses to hourly employees ahead of holidays

    Posted: 19 Oct 2020 07:06 AM PDT

    https://www.cnbc.com/2020/10/19/target-to-pay-more-than-70-million-in-employee-bonuses-.html

    Target said it will spend more than $70 million on another round of employee bonuses during the coronavirus pandemic.

    The retailer will pay $200 to its more than 350,000 employees who work at stores, distribution centers and contact centers, according to a post on its corporate website.

    The company increased its minimum wage to $15 in early July.

    submitted by /u/coolcomfort123
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    Here is a Market Recap for today Mon, Oct 19, 2020. Please enjoy!

    Posted: 19 Oct 2020 01:08 PM PDT

    PsychoMarket Recap - Monday, October 19, 2020

    Stocks fell after the sell-off accelerated in the last hour of the market, as market participants closely monitored development for a near-term stimulus package and rising coronavirus cases in Europe and the US.

    The Nasdaq (QQQ) finished the day 1.63% down. The S&P 500 (SPY) finished the day 1.49% down and the Dow Jones (DIA) ended the day 1.34% down. Stocks finished deep in the red after the last hour sell-off.

    Over the weekend, there were several developments regarding a coronavirus-relief package. In comments to reporters in Nevada, Pres. Trump said "I want to do a bigger number than she wants [Pelosi's $2.2 trillion proposal]. That doesn't mean all Republicans agree with me, but I think they will in the end. If she would go along, I think they would too, on stimulus." These comments imply that Pres. Trump is willing to propose a higher number than the $1.8 trillion the White House proposed recently. While Republicans have consistently balked at such a high price-tag, maybe Pres. Trump's endorsement can help move the needle.

    In response, House Speaker Nancy Pelosi set a Tuesday deadline for reaching an agreement with the Trump administration to pass stimulus before the November election. She and Treasury Secretary Steve Mnuchin, another key negotiator, reportedly continued to have discussions over the weekend and are scheduled to meet again today. Drew Hamill, Pelosi's spokesperson said, "While there was some encouraging news on testing, there remains work to do to ensure there is a comprehensive testing plan that includes contact tracing and other measures to address the impact on the virus on different communities."

    According to data from John Hopkins, there were 57,000 and 48,000 new cases recorded on Saturday. While this is a marked improvement from 69,000 cases on Friday (the highest one day total since late-July) the numbers appear to be stagnating around the 50,000 new cases per day. The South and the Midwest have been the most hard-hit regions.

    In Europe, there has been a surge in cases, with health and government officials warning of a second wave and imposing new restrictions throughout the continent. The Republic of Ireland will move into "Level Five" restrictions from midnight on Wednesday, the country's highest COVID alert level, for the next six weeks. Switzerland and Italy are imposing a nationwide mask mandate in all public spaces, even outdoors from Monday. In England a three-tier system remains in place, with varying restrictions imposed depending on whether an area is on "medium," "high" or "very high" alert. London is an area of "high alert" meaning members of different households cannot meet in indoor spaces and restaurants, bars have a 10 p.m. curfew, and a ban on gatherings of more than six people. In France, nine cities, including Paris, have been placed under a 9 p.m. to 6 a.m. curfew.

    Highlights

    • Ally Financial (ALLY) had price target raises by Piper Sandler, BMO Capital, and Morgan Stanley from $31 to $34 at OVERWEIGHT, $34 to $36 at OUTPERFORM, and $31 to $38 at OVERWEIGHT, respectively.
    • NextEra Energy Partners (NEP) had price target raised by Credit Suisse from $60 to $69 at OUTPERFORM
    • Snapchat (SNAP) had price target raise by KeyCorp from $29 to $35 at OVERWEIGHT
    • Texas Roadhouse (TXRH) had price target raise by Wedbush from $71 to $82 at OUTPERFORM
    • Bristol-Myers Squibb (BMY) was upgraded by Guggenheim from NEUTRAL to BUY with a target of $70
    • GoodRx (GDRX) had coverage initiated today by a myriad of analysts. mixture of targets ranging from $50 to $70 from Neutral to Buy.
    • ConocoPhillips to buy Concho Resources in an all-stock deal valued at nearly $10 billion
    • Kodak (KODK) CEO Jim Continenza says his company will still move toward manufacturing drug ingredients, even with the government's loan uncertain. Very weird.
    • AMC announced it is resuming operation in many theaters in state of New York, starting October 23
    • ConocoPhillips to buy Concho Resources in an all-stock deal valued at nearly $10 billion
    • Unions representing over 10,000 Disney theme park workers have told California Governor Gavin Newsom that the Disneyland Resort in Anaheim, California, can safely reopen when its location moves into the state's "orange tier" of COVID-19 test positivity and adjusted case rate.
    • NASA gave Nokia-owned (NOK) Bell Labs a $14.1 million grant to build a 4G network on the moon to help astronauts control lunar rovers, navigate lunar geography in real time, and stream videos. Stock was up 3.44% at the time of writing.
    • Chinese e-commerce giant Alibaba (BABA) said it would pay $3.6 billion to take control of China's largest big-box retailer and a major rival to Walmart (WMT) in the world's most populous nation. The company said it plans to double its stake in Sun Art Retail Group Ltd., which operates more than 480 large supermarket-department stores in China.
    • Influential Taiwan-based analyst Ming-Chi Kuo of TF International Securities writes in a research note that preorder sales of the iPhone 12 and iPhone 12 Pro in the first 24 hours were in the 1.7 million-to-2 million units range, compared with 500,000 to 800,000 units for the iPhone 11,

    "The secret of getting ahead is getting started" - Mark Twain

    submitted by /u/psychotrader00
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    Insider Trading Program

    Posted: 19 Oct 2020 09:31 AM PDT

    https://github.com/lhwolff15/InsiderTrading

    Recently I've been focusing on how to tell if insiders in a company anticipate a potential upside or downside to their company. As the great Peter Lynch once said: "insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." I couldn't find a data source that compiled all the buying and selling data for companies, so I made on. I created a Python script that picks up Insider Trading transactions for all publicly listed companies. I just completed it so I haven't had time to test out the impact insider trades have on the stock price, but I thought you guys might think it was a cool source of data. Let me know what you think!

    submitted by /u/lhwolff15
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    I have seen weird chart patterns before but this is the weirdest $ICSH

    Posted: 19 Oct 2020 06:42 PM PDT

    I bumped into this one during my screenings. Why does it feature such a regularity in its pattern before the March lows and an almost complete flat line afterwards? I thought its because it's a trust/mutual fund but others don't look like this.

    submitted by /u/KomputerIdiat
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    What do you think about Colabor Group Inc? Im still pretty new in the stock maket so i’s like to know if its a good buy.

    Posted: 19 Oct 2020 03:56 PM PDT

    I keep seeing the price go up so im afraid to invest and watch it go down as soon as i invest. So i would like your thoughts on this to see if i should buy shares.

    submitted by /u/Thomas3465
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    Tips for a small-safe-long term investment

    Posted: 19 Oct 2020 03:54 PM PDT

    Hiya! I'm starting with my first investment and I was thinking to go for a long term growth without being involved in continuos movements of money or complicated calculations of odds.

    My small budget: 2k, 1k in NIO, 500 bucks on FB (because of the future of VRs), 500 on Microsoft (mainly because of cloud /Azure).

    After that, trying to don't touch any of these shares for years, maybe just buying other shares every 3-4 months on other interesting stuff (still about 500$ minimum)

    How about this move? Thanks in advance Peace out

    submitted by /u/ivanoemk
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    Watchlist: 10/19 Earnings, Election, & Bulls

    Posted: 19 Oct 2020 03:56 AM PDT

    Market Notes:

    It's earnings season! The banks kicked things off last week with mixed results. This week has a lot of big names reporting like NFLX, LUV, TSLA to name a few.

    The election is just over two weeks away as we all look forward to seeing furniture commercials once again.

    No major news on either of those fronts right now. I'm keeping an eye on both these as the week progresses.

    Futures are higher this morning the recent dip continues to get bought up. I still think new record highs are possible before the election.

    Watchlist:

    ENLV is a low float, resistance at $15

    AMTX is a low float, resistance at $4

    BGFV is a low float, watching for a setup above $9

    FLL is a lowish float, key level at $3

    NNDM has resistance at $6

    ALDX watching for a setup above $8.20

    CBAY has resistance at $8.40

    STKL has resistance at $8

    ARAY has support at $3

    ACRX has resistance at $2.10

    PACB has resistance at $14.50

    IMGN has resistance at $6

    ENDP has resistance at $5.16

    FIT has support at $7

    FLEX has resistance at $15

    submitted by /u/tradingforkeeps
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    Best companies for a new investor?

    Posted: 19 Oct 2020 08:00 AM PDT

    Hello, I am a highschool student using the website how the market works to simulate the stock market with fake currency. In the next 22days whoever in my class gains the most money (we start with 100 thousand) wins a small contest. Any recommendations for this project?

    submitted by /u/Shreader87
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    What happens if I sell a stock after the market is closed?

    Posted: 19 Oct 2020 12:31 PM PDT

    Basically I have a stock that I want to sell at £39. If I send a sell order at this price, will it sell at this price when the market opens? Or will it sell at the price of the opening of the stock?

    submitted by /u/tooMuchSauceeee
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    Two companies merging to create a new company

    Posted: 19 Oct 2020 07:30 AM PDT

    I own some shares of Helix Technologies, ticker HLIX. It has been announced that they will be merging with MOR analytics. This morning my shares jumped. Whenever this deal is done, expected in Q1 of next year, they plan to list on the Nasdaq as "Forian". I will be receiving .027 shares of Forian for every share I own of HLIX. What is the typical outcome in this situation? Will my current shares continue to be volatile? Will I be compensated equally dollar for dollar as the deal becomes complete? I'm asking bc I do not know if it's in my best interest to run away now or to hold on. I don't need the money and it's not a great deal of money. But an 80% short term gain makes it tempting.

    Thank you.

    submitted by /u/Lbaseball06
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    AAL slowly creeping up?

    Posted: 19 Oct 2020 07:17 AM PDT

    American Airlines plans to return Boeing 737 Max to service at year-end

    WASHINGTON (Reuters) - American Airlines Group AAL.O plans to return Boeing BA.N 737 Max jets to service for passenger flights by the end of this year depending on certification of the aircraft from the Federal Aviation Administration (FAA), it said on Sunday.

    What do y'all think??

    submitted by /u/AlexZombie
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    Anyone into Foxconn? They want to be the Android for EVs and that's interesting.

    Posted: 19 Oct 2020 08:20 AM PDT

    Cnr constantly rising. Any reasons?

    Posted: 19 Oct 2020 07:09 AM PDT

    I dont get it, it just keeps going up. Anyone see any reason for it to keep rising? Ive been told not to invest because they said its over valued. What would be a good entry point if i wanted to keep money here a couple years?

    submitted by /u/sporadicjesus
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    What Would it Take for the SEC to Approve a Bitcoin ETF?

    Posted: 19 Oct 2020 07:03 AM PDT

    There is apparently a consensus that SEC approval of a Bitcoin ETF is inevitable, if not imminent. What do you guys think?

    submitted by /u/SaneFive
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