• Breaking News

    Tuesday, October 6, 2020

    Stock Market - Teens are buying fewer clothes, less food as their spending hits two-decade low

    Stock Market - Teens are buying fewer clothes, less food as their spending hits two-decade low


    Teens are buying fewer clothes, less food as their spending hits two-decade low

    Posted: 06 Oct 2020 04:23 AM PDT

    https://www.cnbc.com/2020/10/06/teen-spending-hits-record-low-during-pandemic-piper-jaffray-survey.html

    Teen spending has hit an all-time low during the coronavirus pandemic, according to Piper Jaffray's 40th biannual "Taking Stock with Teens" report.

    Teens reported spending just $87 on handbags, an all-time low.

    Apparel spending came in at about $507 per teen per year, down 11% from the fall of 2019.

    Thanks for the awards.

    submitted by /u/coolcomfort123
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    Stimulus talks end

    Posted: 06 Oct 2020 01:00 PM PDT

    https://www.google.com/amp/s/amp.cnn.com/cnn/2020/10/06/politics/trump-ends-stimulus-talks/index.html

    I think if trump does not win he will pass no stimulus and try to make the economy tank before biden is swarn in as punishment for him not winning.

    submitted by /u/Adrew6677
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    Here is a Market recap for today Tues, Oct 6, 2020. I know I say this a lot but today really was a crazy day!

    Posted: 06 Oct 2020 01:09 PM PDT

    PsychoMarket Recap - Tuesday, October 6, 2020

    Stocks traded mixed today as market participants digested a host of new developments around Pres. Trump's health after his COVID diagnosis, Chairman Powell's remarks, the prospect for additional fiscal stimulus, and the resurgence of the Virus in some hotspots.

    The Nasdaq (QQQ) finished the day 1.78% down, the S&P 500 (SPY) finished the day 1.42%, and the Dow (DIA) finished the day 1.37% down.

    Today, Federal Reserve Chair Jerome Powell gave a virtual address at the National Association of Business Economics' annual address to discuss the Fed's outlook for the economy during this pandemic. In his address, Powell once again (for the hundredth time it seems) reiterated the need of further fiscal stimulus to support the pandemic-stricken economy and promote faster recovery. He said, "The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods."

    Elsewhere, House Speaker Nancy Pelosi echoed Powell's comments. She said. "Chairman Powell's warning could not be more clear: robust action is immediately needed to avert economic catastrophe from the devastation of the coronavirus pandemic. It is long overdue for Republicans to join us in passing a bill that meets the needs of the American people."

    At the moment of writing this recap, Pres. Trump tweeted "Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their request, and looking to the future of our Country. I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business." Immediately after this tweet, the markets turned sharply downwards and the VIX turned sharply upwards (VIX is an indicator of market participant's risk sentiment). Pelosi responded by saying, "Trump is not willing to crush the virus" and that "he puts himself before the nation"

    Trump departed Walter Reed National Military Medical Center yesterday and returned to the White House, just days after entering the hospital on Friday to be treated for Covid-19. White House physician Dr. Sean Conley said Trump had "met or exceeded all standard hospital discharge criteria," while conceding that he "may not be entirely out of the woods yet" in his recovery process.

    Just four states in the US are reporting a decline in coronavirus cases, according to data from Johns Hopkins University. In Wisconsin, new cases are averaging at about 2,400 daily -- the third highest in the country behind Texas and California. That's up 15% from what the state was averaging in the previous week. At least 22 states are reporting more new cases than the previous week, with many across the Midwest and now increasingly in the Northeast.

    Highlights

    • Crude oil rose above $40 per barrel.
    • Shares of Boeing (BA) fell after the company announced cuts to its 10-year outlook for aircraft demand amid falling demand due to the pandemic.
    • White House agrees to FDA's guidelines for vetting COVID-19 vaccine candidates.
    • N.Y. COVID Patients hospitalized are 700 today, highest single day total since July.
    • The 'recall-unemployment' rate fell to 2.9%, while the share of Americans who weren't expecting to be called back to work once conditions improved grew, according to a study by Stanford Economics Dept.
    • Apple announced an event on Oct. 13, which analysts believe will be used to announce the new model of iPhones and their 5G compatibility.
    • Tesla's (TSLA) new factory in Berlin is being constructed at record pace. The factory is expected to produce Tesla's Model Y, Model 3 and eventually a more affordable $25,000 Tesla. Now a new post from Tesla fan site Tesmanian has quoted anonymous sources claiming up to 4,000 employees will be working in the new factory by March 2021. Vehicle production is scheduled to start June 2021.
    • PPG Industries had target raised by UBS group from $132 to $142 at BUY
    • Purple Innovation (PRPL) had target raised by Oppenheimer $25 to $37 OUTPERFORM
    • Nvidia (NVDA) upgrade by
      • Raymond James reiterated BUY
      • BMO Capital Markets raised target from $565 to $650 to OUTPERFORM
    • Generally across the board Analysts are upgrading banks:
      • Barclays upgraded Credit Suisse
      • Bank of Nova Scotia and Bank of Montreal upgraded by Bank of America (BAC)
      • BAC upgraded by JPMorgan
    • Costco (COST) upgraded by
      • Barclays Upgraded $400 NEUTRAL to OVERWEIGHT
      • Credit Suisse raised target $328 to $370 NEUTRAL
    • Beyond Meat (BYND)
      • Piper Sandler raised the target from $130 to $178 at NEUTRAL
    • Advance Auto Parts (AAP) upgraded by JPMorgan Chase & Cofrom $183 to $190 NEUTRAL to POSITIVE
    • US trade deficit up to $67.1 billion in August, a 14-year high, according to the Department of Commerce.
    • General Electric Company (GE) shares were down over 4% in recent trading on Tuesday after it received a "Wells notice" from the US Securities and Exchange Commission, according to a company filing. According to the notice, the SEC's staff is considering recommending a civil injunctive action against the company for possible violations of securities laws.
    • Quanterix (QTRX) said on Tuesday the National Institutes of Health has picked the company to progress to the second-stage contract worth $18.2 million to speed up the development of a COVID-19 test kit based on its ultra-sensitive Simoa technology.
    • The Australian government on Tuesday announced plans to cut income taxes, create jobs for young people and stimulate business investment with a raft of pandemic measures that would create a record 214 billion Australian dollar ($153 billion) deficit in the current fiscal year.
    • Some notable performers: BNTX 6.8%, GDRX 6.2%, SYMC 4.7%, DB 4.4%, ABEV 4.3%, BYND 4.3%, SE 4.1%, TWLO 3.5%, CCL 3.3%, AYX 29%, DUFRY 21%, HINOY 13.6%, BE 12.7%, RYCEY 8.4%, SAGE 7.5%, CVAC 6.2%, NVTA 6.1%, VIR 5.8%, OPK 5.8%, FSLY 5.6%, AXON 25%, HGEN 23%, LKNCY 20.6%, PSNL 15%, DDD 8.6%, SPT 7.7%, GPRO 6.6%, GSAT 5.4%, IMAX 5.1%, NMRK 4.9%

    "All I need is within me now!" Tony Robbins

    submitted by /u/psychotrader00
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    Does anyone know of any trading discussion groups?

    Posted: 06 Oct 2020 03:33 PM PDT

    I've been really getting into trading but none of my friends are into it nearly as much as I am. Just looking for a group of people who discuss trades, methods and just trading in general. I have discord and Twitter so if you guys know of any groups, please link them!

    submitted by /u/Bud961
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    AIRBNB IPO

    Posted: 06 Oct 2020 09:11 AM PDT

    Does anyone have an idea of what the IPO stock price will be? Airbnb is the future of the sharing economy. Every millennial and gen z prefer getting an aribnb over a hotel because of the more personalized experience. I would love to hear your thoughts!

    submitted by /u/Alexbabylon
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    Real time US market/sector/ticker news alert[free product offering not spam]

    Posted: 06 Oct 2020 08:33 PM PDT

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    We released a real time US stock market news on telegram for those who want to be kept updated on the Market or sectors you care:

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    To subscribe based on tickers:https://t.me/stockNewsAlert_bot

    submitted by /u/Perception_Medium
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    Why does Chamath have so many tickers?

    Posted: 06 Oct 2020 07:22 PM PDT

    Hi, why does Chamath have $IPOA - $IPOZ? Why doesn't he just have it in one ticker. I'm sure there's either regulations around it or he will eventually merge all..

    submitted by /u/funkschweezy
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    Watchlist: 10/6 Bulls Breakout

    Posted: 06 Oct 2020 04:00 AM PDT

    Market Notes:

    Markets put in a solid green day yesterday, gapping up and trending up all day. The markets are unfazed by any current political dealings.

    Still no stimulus deal in sight. Markets broke through a critical resistance level and are now clear to run all the way into the election.

    Green energy plays are still looking hot.

    Watchlist:

    ENLV is a low float, resistance at $15

    WWR is a low float, on watch

    PRPH is a low float, watching for a setup above $7

    AXGT is a low float, watching for a setup above $5.60

    CBAT is a lowish float, watching for a setup above $4.50

    ACRS is a lowish float, watching for a continuation from yesterday

    PEIX watching for a setup above $8.50

    SPWR has resistance at $16

    LTHM has support at $11.50

    PACB has resistance at $13

    PLUG has resistance at $16

    submitted by /u/tradingforkeeps
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    Apple Announced Oct. 13 Event

    Posted: 06 Oct 2020 09:35 AM PDT

    https://www.cnbc.com/2020/10/05/apple-anounces-iphone-12-event.html

    Apple just announced a new event, scheduled for Oct. 13, where analysts expect the company ti reveal the new model of iPhones and their 5G capabilities. The event starts at 10 a.m. Pacific / 1 p.m. ET and will be streamed online due to the ongoing spread of coronavirus. 5G is a next-generation cellular network that promises faster data speeds for things like downloading and streaming games and movies.

    Apple typically announces new iPhones in September, but Apple had previously warned that this year's new iPhones would be delayed, likely due to production delays related to the coronavirus.

    submitted by /u/psychotrader00
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    Canadian Investing in American ETFs

    Posted: 06 Oct 2020 04:58 PM PDT

    So I am with a bank brokerage which means I pay $10 bucks every time I buy a stock and $10 every time I sell.

    I have heard that ETFS have a MER (Management Expense Ratio) of usually .03-.09%

    I have heard however different answers about how that fee is practiced. Some have said it is calculated into the price of the equity, others say it comes out of your cash section of your account at certain times in the year?

    If it is calculated into the price of the etf than how does that work with people and the different amounts of time they may hold it. Some may not hold it for a year? For example trading the SPY or QQQ or doing the dailys of TQQQ/SQQQ or SPYXL etc.

    Additionally are there any other fees or costs I should know about? I know that as a Canadian 15% of the dividends is with-held. Any other fees or costs or with-holdings I need to know about? I am planning on buying VT or VTI, IVV or VOO, QQQ and maybe also VGT, VWO or VXUS. Also maybe GLD and SLV when lower in price.

    So guys any other fees or costs I need to know if I hold and also actively trade these back and forth?

    submitted by /u/Godkingcoconut
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    MLFB - Comprehensive DD

    Posted: 06 Oct 2020 04:42 PM PDT

    What to expect tomorrow

    Posted: 06 Oct 2020 04:14 PM PDT

    I'm new to investing and the stock market and invested $500 this morning. I was very happy with my portfolio as it went up 3% in hours. Then SHIT HHIT THE FAN. What even happened? What can be expected for tomorrow? Should I buy more of the low costing stocks?

    submitted by /u/Khaos_ErEr
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    Google and Face book DD

    Posted: 06 Oct 2020 02:55 PM PDT

    Cool companies, everyone uses them. Makes lots of money with advertising, just one problem:

    AD BLOCKER.

    Me, I have never click on an ad in gmail or google or youtube or in my FB account. I get all those services for FREE.

    Isn't that how you make a decision about a stock, you like someone or you do something with a product or company and buy or sell?

    I would suggest that soon everyone will be using ad blocker or ghostry or one of the many other ad blocking software available and Google and FB will collapse.

    Why wouldn't you use an adblocker? Notice too how for years now, google, with all it's might has failed to work around ad blocker?

    All i am saying is that i would not invest in google or FB long term or even short term because they are way over valued. And could easily collapse at any time. It is all too easy to install an adblock for any of the popular browsers - even Chrome, with over 10 million users!

    submitted by /u/TheRebelliousSpire
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    Using ETFs to invest in "the future"?

    Posted: 06 Oct 2020 10:32 AM PDT

    Been looking into the best ways to invest into battery tech, lithium mining, cyber security, cloud computing, automation, clean energy etc, and have been looking into ETFs for these sectors. What are people's thoughts on using ETFs to invest in "growth" sectors where there isn't an obvious leader in the race yet? Are there any alternative strategies?

    submitted by /u/MellowHygh
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    Can I buy more of the stock that makes up half of my portfolio but is entirely house money?

    Posted: 06 Oct 2020 12:59 PM PDT

    Years ago I bought into Solar City which Tesla bought. I have since pulled my initial investment out and am riding only with house money in Tesla which makes up almost half of my portfolio.

    Normally buying more Tesla would be an awful idea with the thinking that if it crashes I could lose all of my profits and maybe even my initial investment. In the situation that I'm in I can't lose my initial investment because I already took it out.

    Is it ok to be undiversified when the risk of the initial investment has already been taken and paid back?

    submitted by /u/ThreeLeggedParrot
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    What does Telehealth companies for?

    Posted: 06 Oct 2020 10:51 AM PDT

    I been reading some articles about this telehealth and I find it interesting how their innovations works well.

    I heard that they could also provide a good services to approx 500,000 patients and best of all, patients don't have to leave their homes for health visits anymore.

    Amazing right? does anyone here can share their thoughts about this? .

    submitted by /u/happyday109
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    Telehealth could be a high-tech shift into the world of virtual healthcare.

    Posted: 06 Oct 2020 10:51 AM PDT

    A recent poll says approximately 76% of consumers say they're moderately or highly interested in using telehealth as compared to 11% in 2019, according to McKinsey & Co.

    There's no need to take time off of work and travel to and from the doctor's office.

    There are now plenty of on-demand healthcare solutions at your fingertips

    What do you think of these companies? Could it be possible if the telehealth might be a high-tech shift into the world of virtual healthcare?

    Share some possible insight with me.

    submitted by /u/Happy-Go-Lucky30
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    Biotech Breaking - Immatics (IMTX) granted patent for immunotherapy against several tumors

    Posted: 06 Oct 2020 10:24 AM PDT

    A while ago,

    GlaxoSmithKline Signs Potential $600 Million-Plus Cancer Immunotherapy Research-Partnership Deal

    The global pharmaceutical giant will team up with a German biotech to research and develop T-cell based therapies. https://www.fool.com/investing/2020/02/20/glaxo-signs-potential-600-million-immunotherapy-re.aspx

    Just now,

    IMTX Immatics granted patent for immunotherapy against several tumors The United States Patent and Trademark Office posted on its website a patent granted to Immatics for an immunotherapy against several tumors.

    Reference

    Patent

    Immunotherapy against several tumors including gastrointestinal and gastric cancer

    Grant US-9101585-B2

    Abstract

    The present invention relates to peptides, nucleic acids and cells for use in immunotherapeutic methods. In particular, the present invention relates to the immunotherapy of cancer. The present invention furthermore relates to tumor-associated cytotoxic T cell (CTL) peptide epitopes, alone or in combination with other tumor-associated peptides that serve as active pharmaceutical ingredients of vaccine compositions that stimulate anti-tumor immune responses. The present invention relates to 95 novel peptide sequences and their variants derived from HLA class I molecules of human tumor cells that can be used in vaccine compositions for eliciting anti-tumor immune responses. ttps://app.dimensions.ai/details/patent/US-9101585-B2

    Patents Assigned to Immatics Biotechnologies GmbH

    https://patents.justia.com/assignee/immatics-biotechnologies-gmbh

    EP3195873A1 - Novel immunotherapy against several tumors including gastrointestinal and gastric cancer

    https://patents.google.com/patent/EP3195873A1/en

    Immatics Corporate Presentation https://investors.immatics.com/static-files/4b347408-8d2c-4c25-b5cd-d07c9a8e142e

    submitted by /u/BuzzLima
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    Looking to start investing, looking for some tips

    Posted: 06 Oct 2020 05:06 AM PDT

    Hello! I'm looking to start investing some money, and will only be starting off small (£500 to £1,000). I've heard about 2 apps; Revolut and RobinHood, and I'm just wondering if anyone has used these and could recommend them, or recommend any other apps?

    I'll also be looking into the terminology of trading, but if there are any other tips anyone can give me, that would be great!

    Thank you in advance.

    submitted by /u/carter120
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    How does stock raise money for the company, and not just the companies owners/board?

    Posted: 06 Oct 2020 02:43 AM PDT

    As I understand it, when a company IPOs to raise funds, stocks are issued to the owners/investors of the company. How do these funds translate into money for the actual company? If someone sells their stock it goes to the person not the company? What even is the value/function of the stock?

    submitted by /u/Kazmr
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