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    Thursday, October 1, 2020

    Stock Market - What stocks are you eyeing for next week?

    Stock Market - What stocks are you eyeing for next week?


    What stocks are you eyeing for next week?

    Posted: 01 Oct 2020 10:13 AM PDT

    Google to pay publishers $1 billion over three years for their content

    Posted: 01 Oct 2020 04:19 AM PDT

    https://www.cnbc.com/2020/10/01/google-to-pay-publishers-1-billion-over-three-years-for-their-content.html

    Alphabet's Google plans to pay $1 billion to publishers globally for their content over the next three years, its CEO Sundar Pichai said.

    The move could help it win over a powerful group amid heightened regulatory scrutiny worldwide.

    submitted by /u/coolcomfort123
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    Here is a Market Recap for today Thursday, Oct 1, 2020. Please enjoy!

    Posted: 01 Oct 2020 01:22 PM PDT

    PsychoMarket Recap - Thursday, October 1, 2020

    Stocks jumped higher in the first session of October before losing strength throughout the session, buoyed by hope that lawmakers will provide more stimulus before the November election and slightly better than expected unemployment numbers.

    The three major indices closed out the month of September red, falling an average of 4% for the first monthly loss since March. The major benchmarks posted their worst September performance since 2011, according to Yahoo Finance. But zooming out to include trading from July and August, equities' third-quarter performance held up much more strongly. The S&P 500 posted its best third-quarter advance since 2010 with a rise of 8.5%, per Bloomberg.

    The Nasdaq (QQQ) ended the day 1.59% up, the S&P (SPY) finished 0.62% up, and the Dow (DIA) finished 0.22% in another volatile session.

    It seems traders are expecting September's volatility to carry into October, with political uncertainty surrounding the presidential election at the top of their mind, especially after the, shall we say, contentious debate. Hopes for additional, much-needed stimulus dimmed after in-person talks between Pelosi, Mnuchin, and Congressional lawmakers did not produce an agreement. While the pair said they made progress and had further discussions planned, many are skeptical any kind of deal will be reached before the election in November.

    For the many, the economic situation at the hands of the pandemic remains dire, with a slew of job cuts being announced. Airlines American Airlines (AAL) and United Airlines (UAL) are moving forward with a collective 32,000 job cuts after contingencies tied to federal coronavirus relief aid they received earlier this year expired on Wednesday. Disney (DIS) said it would be cutting 28,000 workers across its resort business. Insurance giant Allstate (ALL) announced an 8% reduction in its workforce, impacting some 3,800 jobs. Goldman Sachs (GS) is also reportedly looking to cut about 400 jobs, Bloomberg reported Wednesday, and the oil major Shell (RDS) announced plans to cut up to 9,000 jobs.

    The labor report released this week will not capture these planned layoffs, those will most likely be reflected in next weeks' report. The Labor Department reported that another 837,000 people filed for first-time unemployment insurance. While this is below the 850,000 estimate and an improvement on last week's number, it is clear that the labor market is still struggling during the pandemic and needs Congressional assistance to get back on track. Tomorrow September's monthly jobs report will be released. Analysts expect a fifth straight month of payroll gains and 868,000 jobs to have come back. However, after the announcement of massive job cuts this week, we'll have to see if analysts revise their estimates.

    Highlights

    • US manufacturing activity unexpectedly decelerated in September, according to the Institute for Supply Management's (ISM) monthly manufacturing purchasing managers' index (PMI). The index ticked down to 55.4 in September from 56.0 in August, whereas consensus economists expected a rise to 56.5.
    • The Senate Commerce Committee voted to authorize subpoenas forcing testimony from Facebook (FB) CEO Mark Zuckerbeg, Twitter (TWTR) CEO Jack Dorsey, and Sundar Pichai, CEO of Alphabet (GOOG) setting up what could be a contentious hearing with the largest U.S. social-media companies in the midst of a national election.
    • As big U.S. commercial banks close their books on the third quarter, analysts expect them to report a 30% to 60% plunge in profits on the year-ago period due to the pandemic-induced recession and near record low interest rates.
    • The Mark Zuckerberg-led company said in a statement that the advertising restrictions would be in place between Oct. 27 and Nov. 3. The latest policy change targets any ads that question voting methodology, delegitimize any lawful method of voting or voting tabulation, or make claims of widespread voter fraud, as per Facebook's statement.
    • New Ford (F) CEO Jim Farley starts today. He's taking the reins from outgoing CEO Jim Hackett. Farley has the challenge of leading Ford out of the pandemic, improving margins, and managing an industry-wide transition to electric vehicles, per the Wall Street Journal.
    • Jefferies analyst Brent Thill initiated coverage of Snowflake (SNOW) with $250 price target and HOLD rating.
    • Nikola (NKLA) shares surged on Thursday, one day after the company said its production timeline and factory plans remain on track amid widespread investor anxiety regarding the company's business as well as its planned deal with General Motors.
    • Bed, Bath, and Beyond (BBBY) reported better-than-expected second-quarter EPS and sales results. The company also reported net sales from digital channels grew approximately 88%.
      • EPS of $0.50 vs 0$0.23 estimate
      • Revenue of $2.69 B vs $2.60B
    • Workday (WDAY) was upgraded by Citigroup $C from $218 to $265 and NEUTRAL to BUY. currently at $215.
    • Shopify (SHOP) reiterated by the Royal Bank of Canada at $1,250 BUY. Stock is currently at $1,022 so still bullish. This has been a great stock, and well-positioned!
    • ROKU had a target raised by Citigroup (C) from $180 to $220 at BUY. Stock is currently at $188
    • Enphase (ENPH) energy, solar power continues to be hot. Bank of America (BAC) initiated with a target of $93 BUY. Stock is at $82 so very bullish
    • Boeing (BA) had its target set by Goldman Sachs at $225 and BUY. Stock is currently around $165
    • Digital Turbine (APPS), had its target raised by B. Riley from $23 to $40 at BUY. This stock has been a Monster and is well positioned into the new corona economy. Watching this one.
    • Amazon (AMZN) got a target raised by Pivotal Research from $3,925 to $4,500, an extremely bullish indicator.
    • BBBY up 25%, RKT up 13%, W up 9.1%, ETSY up 8.1%, ENPH up 8%, PINS up 7.5%, STM up 8.1%, CHWY up 6.9%, TTD up 6.4%, Z up 6%, PTON up 5.5%, ROKU up 5.5%, NFLX up 5.2%, TWTR up 4.4%, TSLA up $.4%, OSTK up 15%, EXPI up 13%, FVRR up 7.8%, UPWK up 6.9%, CROX up 5.5%, COTY up 5.2%, CAR up 9%, MAXR 6.6%
    submitted by /u/psychotrader00
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    Why did MESO price drop while halted?

    Posted: 01 Oct 2020 07:20 PM PDT

    I can't find anything online regarding some trading being allowed while a stock is halted. This has been halted for a week or so pending some FDA shit. After hours it dropped by 46% with 0 volume and while being halted.

    Is it some scandalous shit where they allowed the executives to get out before the stock plummets? Idk how they can do that

    submitted by /u/rumbleloki
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    Looking for a catalyst calendar ???

    Posted: 01 Oct 2020 04:09 PM PDT

    Seems like everyday there's 2-3 stocks that pop 100% or more and I'm sick of missing the gains lol is there some sight or premium membership that gives early alerts or catalyst event calendar ? Sick of feeling salty everyday lol help me

    submitted by /u/jamzkourt
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    top 10 biotech companies 2020

    Posted: 01 Oct 2020 10:31 AM PDT

    source: https://medium.com/@cryptoeinfach/top-10-biotech-companies-2020-3016703ab288

    1. Alexion Pharmaceuticals (ALXN) ~$115
      Alexion is a global biopharmaceutical company focused on serving patients and families affected by rare diseases through the discovery, development, and commercialization of life-changing therapies.
    2. Amgen (AMGN) ~$255
      Amgen is one of the world's leading biotechnology companies. Amgen is a values-based company, deeply rooted in science and innovation to transform new ideas and discoveries into medicines for patients with serious illnesses.
    3. Biogen (BIIB) ~$281
      Biogen's mission is clear, they are pioneers in neuroscience. Since its founding in 1978 as one of the world's first global biotechnology companies, Biogen has led innovative scientific research with the goal to defeat devastating neurological diseases.
    4. Emergent Biosolutions (EBS) ~$103
      Emergent began as a private company with a single product and a single location. Through the resilience and hard work of its employees, Emergent has transformed into a thriving global public company seeking to improve lives around the world.
    5. Genmab (GMAB) ~$36
      Genmab is focused on the creation and development of innovative and differentiated antibody products, with the aim of improving the lives of cancer patients.
    6. Gilead Sciences (GILD) ~$62
      For more than 30 years, Gilead worked tirelessly to bring forward medicines for life-threatening diseases. Gilead's Vision is to create a better, healthier world for all people. Their mission to discover, develop, and deliver innovative therapeutics for people with life-threatening diseases.
    7. Halozyme Therapeutics (HALO) ~$26
      Halozyme is a biotechnology company focused on novel biological and drug delivery approaches. Our goal is to bring innovative and disruptive solutions that improve the patient experience and, potentially patient outcomes when their technology is combined with established or emerging treatments.
    8. Horizon Therapeutics (HZNP) ~$80
      Founded in 2008 as a startup with only a handful of employees and no office space, Horizon now has over 1,200 employees focused on helping those impacted by rare and rheumatic conditions.
    9. Regeneron Pharmaceuticals (REGN) ~$575
      Regeneron is an American biotechnology company headquartered in Tarrytown, New York. The company was founded in 1988 is now a leading biotechnology company developing vital medicines for people with serious illnesses.
    10. Vertex Pharmaceuticals (VTRX) ~$273
      Vertex Pharmaceuticals, Inc. is an American biopharmaceutical company based in Boston, Massachusetts. It was one of the first biotech firms to use an explicit strategy of rational drug design rather than combinatorial chemistry.

    source: https://medium.com/@cryptoeinfach/top-10-biotech-companies-2020-3016703ab288

    submitted by /u/Snoo9618
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    Microsoft Makes a Splash in the Console Wars

    Posted: 01 Oct 2020 08:33 AM PDT

    Microsoft acquired ZeniMax Media for $7.5 billion, firing a shot across the bow toward Sony.

    With the acquisition, Microsoft acquires a large library of A-list gaming franchises, including:

    • Elder Scrolls
    • Fallout
    • Quake
    • Doom
    • Wolfenstein

    Why Does it Matter?

    The PlayStation 5 launches November 12th, two days after the Xbox Series X / Series S in what will be the largest console war ever.

    The Xbox Game Pass will be a large recurring revenue generator for Microsoft and with the acquisition of ZeniMax, Microsoft could make all these titles exclusive to Xbox, which could potentially sway customers to switch from PS5 to the Xbox Series X.

    Microsoft gaming revenues for Q4 2019 were $3.4 billion, down 21% year-over-year.

    According to Fortune Business Insights, the gaming consoles market will reach $51.15 billion By 2027.

    Strategic acquisitions such as the one of ZeniMax could lead Microsoft to capture the lion's share of the gaming revenues in this market segment, which could really ramp up their overall revenues going forward, as they do not really move the needle right now. This could form the fourth pillar of Microsoft's revenue streams that are currently predominantly comprised of:

    1) Productivity and Business Processes

    2) Intelligent Cloud

    3) More Personal Computing

    Microsoft's net income has really grown sharply since 2018 ($16.57B) to 2020 ($44.28B). With intelligent acquisitions that demonstrate great capital efficiency, I expect them to continue to significantly outperform the broad markets going forward.

    What are your thoughts?

    submitted by /u/Baraxton
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    How will the election impact the stock market?

    Posted: 01 Oct 2020 07:55 PM PDT

    What do you guys think is gonna happen when either Trump or Biden win the election. If Trump wins the market should go up and if Biden wins the market goes down? Or am I missing something.

    submitted by /u/assassssaalllkh
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    would shopify benefit from Walmart prime day ?

    Posted: 01 Oct 2020 09:21 AM PDT

    With recent partnership between Walmart & Shopify to enable shopify sellers to sell on walmart. For the first time, shopify sellers have a clear way to participate in walmart prime day, do you think will shopify sales spike for that day ? Could this be a good reason for a short term trade on shopify ?

    submitted by /u/jraja80
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    How to work out what a good / fair buy price for a given stock?

    Posted: 01 Oct 2020 06:54 PM PDT

    Is there a certain calculation or metric you use to work out what a fair price is for a given stock at the time your interested in buying?

    I'd assume you would factor in : forward P/E; trailing P/E; EPS, ROI over TTM/ LFY; Beta value; Debt/asset ratio; profit margin; revenue trend over past few years; CEO's experience/ future plans for the company; tangible value & intangible value...

    Is there any way to actually calculate an actual figure of what a reasonable buy price is though?

    Thanks for any advice you can offer!

    submitted by /u/Lovedubai37
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    Where to find info. on an IPO’s lockup?

    Posted: 01 Oct 2020 06:48 PM PDT

    Specifically CRSR.

    Do all IPOs have lockup periods?

    Do they apply to the general public who buy in after the IPO or just the shareholders who had shares when it was private?

    submitted by /u/Apertures_
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    Quote, Karl Blessing,President, Deutsche Bundesbank, 1958-69 “A central bank has to be Independent because”...

    Posted: 01 Oct 2020 02:52 PM PDT

    .."one cannot really trust the politicians – they are all a rotten lot and any of them might seek to get out of a hole by printing money"...'

    —"The Political Fight for an Independent Central Bank, 1790 – present", Kansas City Federal Reserve

    https://www.kansascityfed.org/publicat/balanceofpower/balanceofpower.pdf

    submitted by /u/interestingstuff6
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    Hold til things settle?

    Posted: 01 Oct 2020 05:27 PM PDT

    I know that timing the market is a no-no, but the current state of the world (elections, corona, civil unrest) I'm considering holding onto my money until things settle. I'm still contributing to my 401k, but I'm going to stop putting money in my taxable account until things settle. I might even wait for a potential recession and invest with the drop in price. Even if the recession never comes my money will be making a guaranteed 3.3% interest per year in my bank account. I just wanted some feedback on my plan. Thanks!!

    submitted by /u/Hailyess
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    Suggestions for brokers that are not under the pdt rule?

    Posted: 01 Oct 2020 05:25 PM PDT

    I've been trading for a little while now but do not have a 25k account as of yet. I have been using Ustocktrade for awhile but i'm beginning to get tired of it. Any suggestions for other broker's that are not under the pdt rule would be great.

    submitted by /u/landont20
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    Tracking 2 Months of the Biggest Gainers

    Posted: 01 Oct 2020 08:46 AM PDT

    Long term prospects on Amazon stock?

    Posted: 01 Oct 2020 04:02 PM PDT

    Been flipping credit spreads on Amazon for more money I have ever made in my life in such a short period of time.

    What do you guys think about the price right now?

    What are your projections and or estimate for a fair value.

    Ticker symbol is (AMZN)

    submitted by /u/NeverNotDope
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    If people are able to trade stocks at all hours of the day (pre-market and after hours), why do they wait till 9:30 to trade?

    Posted: 01 Oct 2020 08:53 AM PDT

    I'm quite new to the stock market, and I'm just trying to wrap my head around basic concepts.

    If there is nothing stopping the trading of stocks at all hours of the day, then why does everyone wait until 9:30 to trade and then suddenly stop at 4:00pm? I've read that it's more risky outside of regular hours, but how so?

    submitted by /u/7th_Spectrum
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    Stupid Question: Stocks and Taxes

    Posted: 01 Oct 2020 02:38 PM PDT

    How do taxes work on stocks if I don't profit much? I don't have a job right now so I wasn't planning on paying taxes next year (and if I did it would be part time and I prob wouldn't hit the $12200 requirement to pay taxes), but is paying taxes required once I pull out stocks regardless of how much I profit, say only $200? Legit have no idea what I'm doing, so sorry for the dumb question!

    submitted by /u/Snoo11557
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    Aureus Inc. (OTC: ARSN) Provides Shareholder Update On Key Accomplishments And Company Growth Plans

    Posted: 01 Oct 2020 05:46 AM PDT

    Mico-Markets

    It's difficult to fully express my excitement regarding the Mico Markets opportunity to quickly scale revenues and own retail locations, giving us the added benefit to launch new food brand products. This is a high growth sector, with low capital requirements, quick to deploy, with low employee count, all factors allowing rapid scaling. In fact the number of active Micro Market locations grew 574% from 2,642 locations in 2012 to 17,806 in 2016.

    Micro Markets look and feel like modern convenience stores while functioning with the ease and efficiency of vending foodservice and refreshment services. They provide an improved customer experience and greater product variety, with a proven track record of increasing sales at a vending locations while keeping labor costs down and increasing operating efficiencies. They consist of an open rack display, reach in coolers or/and freezers and a self-checkout. I am sure many of you have seen Micro Marts in upscale hotels, airports and more recently larger corporation break rooms, typically companies with over 500 employees. We have identified a virtually untapped market in smaller business break and lunch rooms with 50 to 300 employees. These locations are still highly profitable where, a study conducted by Parlevel Systems showed locations with 125 employees generates on average over $1,000 per week.

    We find many locations serviced by a vending machine providing up to 40 products. Our Micro markets provide a much wider selection of up to 150 to 400 products depending on the size of location, giving us the ability to customize product selection providing healthier alternatives, and catering to various diet restrictions such as gluten free, low carb and high protein selections. Our Micro Markets will utilize a proprietary online checkout app developed by Healthy Smart Mart for payment processing offering greater ease of purchase to our customers. The increased product variety, open flow and cashless payment options means that consumers spend less time in line fumbling with cash/change, b) purchase multiple items with one transaction and c) spending as much as four times per transaction then with cash transactions.

    Our first installations will be 20 locations in Atlanta, GA. We have identified a total of 26,000 businesses within a 5-mile radius and over 750 locations that meet our specific target location criteria. We project a 56% Gross profit margin with average monthly gross sales of $4,000 to $8,000 per location. Our second market area will most likely be in Northern Philadelphia, PA taking advantage of our Yuengling Ice Cream team members.

    Locations can be deployed in approximately 60-90 days and we look forward to growing our network nationally. We are an early adopter, targeting businesses under 300 employees and expect to scale quickly to take advantage of a current competitive advantage. While its too early to project the ultimate size of the network, we would expect to eventually grow to 1,200 to 2,500 locations nationally over time.

    Yuengling's Ice Cream:

    We last reported the expansion of the Yuengling's Ice Cream brand with a high protein, light, product line. This rollout has been slowed by Covid, as it affected our manufacturing facility as well as independent sales representatives with state shutdowns. We have used this time progress new flavor development and expand on-line sales. We will also seek to include Yuengling's Ice Cream in appropriate Micro Mart locations. We expect to continue to grow on-line sales and expect additional retail distribution in the 1st Quarter of 2021. Yuengling's is a 100 year established brand where we own 100% of the intellectual property for the Ice Cream rollout. This remains a flagship brand for the Company and has been completing the foundation work to accelerate sales growth in 2021.

    Corporate Initiatives:

    We have previously announced:

    Retirement of over $500,000 in debt.Addition of three Advisory Board members; Tom Carella, Hal Kravitz and Bill Hackett.Intention to complete work to be a fully reporting OTC compliant company.Engagement of our investment banking team Waterside Capital Advisors and Hannover International.

    We are aggressively completing the necessary work to be a fully compliant OTC company, which will allow our investment banking team to proceed with additional capital to expand both the Yuengling's Ice Cream brand and our network of Micro Markets.

    https://www.barchart.com/story/stocks/quotes/ARSN/overview/358876/aureus-inc-otc-arsn-provides-shareholder-update-on-key-accomplishments-and-company-growth-plans

    submitted by /u/NASDQplayer97
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    Replacing funds in ROTH IRA

    Posted: 01 Oct 2020 11:20 AM PDT

    Hi, I currently have FXAIX and FSCSX holdings in my ROTH account with $22K and $4K respectively. My financial advisor recommended to replace these funds with JQUA and JMOM ETF's. His reason for this was to provide more diversification since FSCSX and FXAIX has high technology concentration. Also, according to him, tech had a big run until now and may not last. I compared the returns of these ETF's and have lower returns compared to FXAIX and FSCSX and ER of 0.12%. However these are fairly new ETFs. I was wondering if someone out there has any experience with these or have any different recommendations or approach.

    submitted by /u/hp249
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    Need advice?

    Posted: 01 Oct 2020 07:28 AM PDT

    Hello my name is Woody Jonson and I have been investing for a few months now, in my short run I have learned many things but there still is a lot I have to know. One thing although I'm still trying to learn is how to analyze news and individual company's to see there value and worth. If you guys have any advice, articles, blogs, or podcast I would be happy to learn.

    submitted by /u/woodyj123
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    WWR Share - Long term hold or not

    Posted: 01 Oct 2020 10:41 AM PDT

    Hi just wanted to know how is WWR stock. today the news was Encore energy has bought the Uranium division from the company . the price went up and i bought at the top.

    Any idea how the company is & can it be a long term hold ?

    As i am not sure whether this is a long term hold or not,so seeking advice from all the experts.

    submitted by /u/mhtdsm
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    Monthly Contributions

    Posted: 30 Sep 2020 09:48 PM PDT

    Hey guys,

    25 y/o entrepreneur. I want to contribute to my investment account more frequently.

    My question is this:

    If I want to contribute (let's say a couple hundred every month for this example) to my investment account and purchase stocks should I be worried about the $9.95 commission fee, long term?

    I know there are free platforms out there, however I prefer to stick with my Canadian bank who I run everything through.

    submitted by /u/DenseSurround
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    Watchlist: 10/1 Stimulus Talk, Airline Layoffs, October crashes

    Posted: 01 Oct 2020 05:39 AM PDT

    Market Notes:

    Yesterday was a wild rise as the market made early gains but swung wildly in the afternoon. Markets closed in the green confirming the uptrend.

    Futures are pointing towards a higher open this morning as stimulus talks are back alive and the House is set to vote on another bill. We've been here before, I'm not convinced it will pass.

    The airlines have announced major layoffs as their stimulus money has run out.

    Today is the first day of October. Expect to see some articles this month about how October has market crashes. Just remember we've had a lot more Octobers without a crash than with a crash.

    Watchlist:

    ENLV is a low float on watch

    GSUM is a low float on watch

    CNET is low float, resistance at $2

    AMAG is a low float, support at $12

    CVGI watching for a continuation

    AXTI resistance at $6.40

    CTIC is on watch

    SLNO watching for a setup above $2.60

    VRAY has resistance at $3.70

    SESN watching for a setup above $1.50

    BBBY is on watch

    submitted by /u/tradingforkeeps
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