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    Thursday, October 15, 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: 15 Oct 2020 09:37 AM PDT

    Here is a Market Recap for today Thurs, Oct 15, 2020. Please enjoy!

    Posted: 15 Oct 2020 01:06 PM PDT

    PsychoMarket Recap - Thursday, October 15, 2020

    Stocks fell once again today for the third straight day of losses, as market participants consider a disappointing unemployment report, new virus-related restrictions in Europe, and dimming prospects for additional stimulus before the november election

    The Nasdaq finished 0.67% down. The S&P 500 (SPY) fell a modest 0.11% and the Dow finished the day 0.04% down. Stocks were able to mostly recover from the deeply red open.

    The Labor Department released their weekly unemployment, which showed that an additional 898,000 new claims were submitted last week, way above the consensus estimate of 830,000. This is the highest number since Aug. 22 and another clear sign that the labor market continues to struggle to recover in this pandemic-riddled economy as cases rise and worries increase over a renewed wave in the fall and winter. The number represented a gain of 53,000 from the previous week's. The economy has recaptured some 11.4 million positions, or about half those who were sidelined. The unemployment rate has come down to 7.9% but is still more than double its pre-pandemic level.

    After Europe seemed to somewhat tame the virus that ravaged the countryside early in the year, the number of newly confirmed infections are skyrocketing, prompting fears of a second-wave and host of new restrictions. Socialising indoors will be banned in London, and a curfew will be imposed in nine French cities. Poland designated red zones where schools and gyms will close, including in the capital Warsaw, and the Czech Republic said it was building its first field hospital for coronavirus patients. Schools in Italy's southern Campania region, including the city of Naples, are to close for two weeks, as the country recorded its highest daily rise of cases since mass testing began. Coronavirus is the fifth-leading cause of death in Europe, where a threshold of 1,000 deaths daily has been passed, the WHO's European director, Dr Hans Kluge, told a news conference today. In the United States, new cases per day are on the rise in 44 states, with the biggest surges in the Midwest and Great Plains, where resistance to wearing masks and observing other social distancing practices has been running high. Deaths per day are climbing in 30 states, according to data collected from John Hopkins University.

    Market participants continue to be fixated on whether more stimulus, which lawmakers and economists say is necessary, will be passed before the November election. Messaging from top officials regarding stimulus has been inconsistent, with Pres. Trump first said he was directing his representatives to halt negotiations before doing a 180° turn. Yesterday, Mnuchin conceded that "getting something done before the election and executing on that would be difficult, just given where we are in the level of details". Today, in response to being asked if he supported stimulus, Pres. Trump told Fox Business, "I would. Absolutely I would. I would say more. I would go higher. Go big or go home, I said it yesterday." Needless to say the inconsistent messaging heightened volatility in the market as investors have a heightened sense of risk. Additional relief is viewed by many (including Jerome Powell) as a necessary propellant to maintain and speed up economic recovery.

    Highlights

    • US regulators (FDA) approved yesterday afternoon the first treatment for Ebola Virus from Regeneron (REGN). This is the same company that made the treatment that President Trump received while being treated for COVID-19 about two weeks ago.
    • US jobless claims reached 898,000 which was higher than the estimates of 830,000.
    • Robinhood is evaluating making user trade data public again. It had been taken down 2 months ago due to some platforms misusing the data.
    • Pacific Gas & Electric (PCG) has cut power to around 33,000 customers to mitigate risk of starting a wildfire citing dry and windy conditions renew threat of fires.
    • Boyd Gaming (BYD) had a price increase by Deutsche Bank from $27 to $38 at BUY. Big increase in analyst sentiment, the stock trended upward today.
    • Datadog (DDOG) had a price target raise from Mizuho from $116 to $125 at BUY. It opened low, but recovered throughout the day. Stock has been a monster lately.
    • Dell (DELL) had a price target raised by JPMorgan Chase (JPM) from $70 to $80 at OVERWEIGHT.
    • Goldman Sachs (GS) had price targets raised by Citigroup (C), and Barclays from $285 to $300 at BUY, and $253 to $270 at EQUAL WEIGHT, respectively. Stock faded towards the end of the day, nevertheless bullish analyst actions.
    • Microsoft (MSFT) had a price target raised by Mizuho from $240 to $255 at BUY. (looking at this one for a possible bounce tomorrow)
    • Netflix (NFLX) had a price target raise by KeyCorp from $590 to $634 at OVERWEIGHT
    • Service Now (NOW) had a price target raised by Mizuho from $500 to $560 at BUY. This is the third price boost this week, this stock is a monster!
    • Peloton (PTON) had a price target raised by BofA Securities (BAC) from $116 to $150 at BUY. stock is at All Time Highs today... insane, an absolute monster!
    • Replimune Group (REPL) had price target increase by BMO Capital, SVB Leerink, and Barclays from $40 to $51 at OUTPERFORM, $27 to $44 at OUTPERFORM, and $29 to $50 OVERWEIGHT, respectively. This thing is squeezing, up 60% in the last two days!
    • Take-Two (TTWO) had a price Target raise by Morgan Stanley from $176 to $185 at OVERWEIGHT
    • United Health (UNH) had a price target raise from Piper Sandler, Raymond James, SVB Leerink, Oppenheimer and Royal Bank of Canada. On average its a $380 price target at OUTPERFORM, this has been a monster stock!
    • Zoom Video Communications (ZM) had myriad of price target increases, including from Wells Fargo (WFC), Royal Bank of Canada, Piper Sandler, $375 to $465 EQUAL WEIGHT, $450 to $600 OUTPERFORM, and $411 to $501 NEUTRAL. Very bullish analyst action.
    • Morgan Stanley (MS) reported better-than-expected results in Q3 earnings. Stock was 1.26% up at the time of writing
      • EPS of $1.59 vs $1.28 estimate
      • Revenue of $11.6 billion vs $10.61 estimate
    • Charles Schwab (SCHW) reported slightly better-than-expected earnings. Stock outperformed the market, up 3.96% at the time of writing.
      • EPS of $0.51 vs $0.47 estimate
      • Revenue of $2.45 billion v $2.43 billion estimate
    • Taiwan Semiconductor (TSM) reported much better-than-expected earnings, especially in EPS. Stock was 0.9% down at the time of writing.
      • EPS of $5.30 vs $0.92 estimate (wow!!!)
      • Revenue of $356.43 billion vs $315.20 billion
    • Some notable performers: LYL 70%, STAF 67%, HGSH 54%, HBT 42%, SPI 27%, CARS 25%, FRSX 22%, NNDM 22%, NTN 20%, EIGR 17%, NHF 15%, SALT 13%, GME 13%, REPL 13%, UAVS 12.5%, GLNG 12%, OPTT 12%, CBAT 12%, SNBR 11%, TACO 11%, WTR 11%, CBIO 11%,

    "Life is not about finding yourself. Life is about creating yourself" -George Bernard Shaw

    submitted by /u/psychotrader00
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    The 5G iPhone is reigniting the subsidy wars, which is good for Apple and consumers but not mobile carriers

    Posted: 15 Oct 2020 07:11 AM PDT

    https://www.marketwatch.com/story/the-5g-iphone-is-reigniting-the-subsidy-wars-which-is-good-for-apple-and-consumers-but-not-mobile-carriers-11602760302

    The most generous offer so far comes from AT&T Inc. T , which will give both new and existing customers an $800 credit on a new iPhone if they trade in an iPhone 8 or more recent device, in what the company says is a "limited-time" offer for those activating devices on one of its unlimited plans. The credit will be paid over 30 months and AT&T will give smaller credits to those trading in slightly older models than the iPhone 8.

    Verizon Communications Inc.'s VZ best deal amounts to an $800 subsidy, Piecyk said, but it's restricted to new subscribers on unlimited plans. T-Mobile US Inc. TMUS is offering half off the iPhone 12 Pro through bill credits, or $500 off any iPhone 12 device, to those who trade in their phones. The company has an offer of $850 off for those who add a line and trade in a phone.

    These are really good news for apple stock, as carriers doing heavy promotions to attracts people to upgrade their iphones, it will be a big upgrade cycle due to many people are still using iphone 6 plus or 7 plus, so iphone revenue could increase and even could bring more people to switch from android system.

    submitted by /u/coolcomfort123
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    Morning news??

    Posted: 15 Oct 2020 06:25 AM PDT

    Good morning,

    When i'm at home I generally turn on CNBC around 8:30 and listen while I do other things. I know that CNBC, Cramer, and the guests they have on should be taken with a grain of salt but I really enjoy that part of my day. They kind of tell you what's going on. Dow&Nasdaq are down but gold is up, jobless claims report was released, oil drops on worries of Saudi Arabia's commitment, etc...

    Does anyone have a website they like to visit in the mornings or throughout the day to get updates and kind of get a feel for the market? I appreciate any reply's. I'm sure i'll at least glance at all sites provided. Thanks!

    submitted by /u/DharmaInitiative01
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    Let's talk stocks: Whats your top 3 convictions?

    Posted: 15 Oct 2020 10:28 AM PDT

    What is your top convictions, where you feel as close to certain as you can about its future. Upside or downside.

    Mine:

    1. Square ($SQ) is going to be a $1 trillion dollar company in my lifetime. I am honestly amazed how well this company is positioning themselves. They will move away from small business as they slowly replace the wallet and cash of the US. Similar things have already happened in Sweden, world leader in digital payments. Square is doing the same but in the US, while being the best trusted bitcoin handler and small business backend.

    2. Paypal ($PYPL) is slowly moving themselves into e commerce in a way they haven't before. They are light years ahead of anyone in ease of payment, and is rapidly spreading into a global power. If your country has a population, it takes PayPal for online purchases. On top of it, Venmo is the only threat to Squares cash app, so why not own both.

    3. Facebook ($FB) is going to be one of the solid heavy weights of the next 10 years, where some people vocally hate on them while they are raking in money hands over fists from the entire world. They have shown an almost disgusting ability of killing completion, and wouldn't be hurt much from a potential breakup (which I personally doubt will happen. Future post). Additionally, they just had a massive blow out success in VR, releasing the quest 2 incredibly successfully. VR will be mainstream and Facebook WILL be the king of it.

    :)

    As you may notice from my picks, I am betting on the death of cash. And I really really do. No price targets as I plan holding these forever. My models to suggest overpriced fairly, but I belive their growth will accelerate as new services/monitazationa are released.

    What do you belive in?

    submitted by /u/lykosen11
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    Agility Robotics raises $20 Million to produce humanoid robots for various jobs

    Posted: 15 Oct 2020 07:50 PM PDT

    Watch the video of the robot in the link carrying boxes around. Doesn't seem long before we have these things walking up to our homes with an Amazon package. What other types of jobs can you see more advanced robots like these handling in ten years? I can see robots that utilize a combination of neural networks, traditional Von Neuman type algorithms, and 5G connectivity to cloud computing access easily performing jobs such as: robot food servers, table cleaner/sanitizers, security guards, information clerks, bellhops, pizza delivery, mail delivery, etc.

    I just invested into a bunch of robotics ETF's a few months ago (ARKG, ROBO, IRBO, BOTZ) and so far so good, but it's looking more and more likely that this industry is going to explode to insane levels over the next 20 years.

    https://www.reddit.com/r/Futurology/comments/jbqkx3/agility_robotics_raises_20_million_to_build_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

    submitted by /u/MBlaizze
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    Can anyone help me out with this?

    Posted: 15 Oct 2020 07:42 PM PDT

    I put $2000 into robinhood, made profit off of it but I need that $2000 back. Will it get taxed if it's the same amount I put in coming back out? I got no clue I just wanna know for peace of mind.

    submitted by /u/marcus-mimzy
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    SAAS company

    Posted: 15 Oct 2020 01:25 PM PDT

    Is there anything that I can read for investing in saas companies? Since I'm in the industry I figured investing in these would be a good start. But saas companies have different metrics for evaluation like ARR CAC churn etc. where can I read about what things from traditional financial statements are still relevant or how they should be interpreted from a SaaS company's perspective?

    submitted by /u/nemadklas
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    $SE Sea Limited is Making a Run to $200

    Posted: 15 Oct 2020 01:53 PM PDT

    One of the overperforming stocks no one want you to know about is $SE otherwise known as Sea Limited. Which has been printing monthly's all year for me, except for a small March dip.

    Now it is making an unusual run up and out of it's normal trading channels for $200.Normally $SE climbs 20 points every month without fail. This month it is making a move close to 40 points higher. It is currently sitting at 169.31 after throwing up 7 points today confirming my bullish thesis.

    Here is the YTD Chart showing it's stability through March: https://imgur.com/gallery/MWDchlI

    Here is the 3 Month Chart showing consistent entry's and exits, and a break up out of it's normal trading channels: https://imgur.com/a/xkNaiCo

    And the Monthly chart showing confirmation that it is time to make entry: https://imgur.com/a/qPI0zAy

    $SE has it's Earnings Date on 11/07 in the morning. They are expected to beat and it is the catalyst for the run to 200. Source: https://www.earningswhispers.com/stocks/se

    Think of Sea Limited as the new Amazon of South East Asia, that is in the beginning of it's growth stage. Cathy from Ark has seeded it with close to a half million shares. You will here people say that she has sold some of her position, but she only trims very small amounts to not disturb it's rise. Which is the purpose of Ark. Here is a link to the company profile: https://www.reuters.com/companies/SE

    My positions: 200 10/23 180c, 400 11/13 200c / If you are considering this play, you can always date your calls later to limit your exposure to Theta burn.

    Monthly's or more are calls I have set and forget, taking profits as I have gone. Should print multiple bags.

    Hope this helps!

    submitted by /u/WSBModsRGey
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    Watchlist: 10/15 Jobless Claims, Red Markets

    Posted: 15 Oct 2020 04:03 AM PDT

    Market Notes:

    Markets put in a second red day yesterday and are continuing to fall this morning. I'll be watching the open to see if this dip is getting bought. A breakdown below the opening 15-min range will signal the bears have recaptured control of the market.

    New jobless claims are coming out at 8:30. This could be a catalyst for the day if there's a surprising number.

    I'll be cautious if the bears take over, aggressive if the dip gets bought.

    Watchlist:

    VOXX is a low float, on watch

    KXIN is a low float, resistance at $2.20

    SURF is a low float, resistance at $10

    ALRN is a lowish float, resistance at $2.20

    NFIN is a lowish float, resistance at $12

    AXTI has resistance at $6.80

    PEIX has resistance at $9.66

    MGI has support at $4

    MNGI watching for a setup above $9.20

    GPRO watching for a setup above $7

    LCTX has support at $1.28

    PACB has resistance at $14.10

    IMGN watching for a setup above $9.40

    MDRX watching for a setup above $11.38

    SLM has resistance at $9.25

    submitted by /u/tradingforkeeps
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    Newbie dividend question.

    Posted: 15 Oct 2020 12:18 PM PDT

    I'm hoping someone can break this down for me, and let me know what's going on.

    I've only recently started buying stocks, and was told in order to calculate dividends, you move the decimal point in the dividend yield number two places to the left and multiply by the current stock price. This gives you your yearly dividends from one share. Divide that by 4 and you get what your quarterly dividend payments should be.

    The dividend yield for the stock I own is 52.50, I have 72 shares, and the current stock price is $2.77.

    0.5250 x 2.77 = 1.45425

    Divide by 4 = 0.3635625

    multiply by 72 = 26.1765

    According to this, I should be getting around $26

    I got a notice for a pending Dividend payment, of $3.60, and the notice says I'm only getting $0.05 per share. So, what am I missing?

    submitted by /u/DracoImortalus313
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    Opinion from the other side...

    Posted: 15 Oct 2020 08:47 AM PDT

    I think most people are against the idea of bailouts.

    Why? Because

    A. It's unfair. Only the bigger businesses like banks, industry leaders, essential businesses get bailouts. What happens to the smaller guys? They made the same mistake of overlooking COVID which massively dented their bottom line. They were majorly impacted by the government policies that posed possible restrictions to their businesses servicing its customers/clients. The businesses that were able to quickly adapt to the pandemic were not compensated with more funding unlike the big dogs. Its struggling competitors received free money from the government so that they can stay afloat and just mirrored the protocols that were set in place by its competitors that adapted well to the new status quo.

    B. It's not a true capitalism. The nation's growth is founded on capitalistic values. If businesses go bankrupt, other businessmen/businesses who are passionate and knowledgeable in the field can purchase their businesses for pennies on the dollar so they can completely revamp their original business model to see the way they see fit - or at least in a form that's way more feasible to our current society. If they don't see the future of the business being able to be rebuilt, then they can choose to not purchase it.

    C. Too big to fail. After being bailed out after every stock market crash, the essential businesses/industry leaders like AAL, JPM, CCL get government bailouts. Knowing that they're too big too fail, they'll take on riskier investments like the purchasing of junk bonds from corporations which then will be bought by the government. Who cares, if they're careless and not forth-looking when the government will always have their backs?

    D. It doesn't stimulate growth/stronger competition. The idea of capitalism is that the strongest/hard working businesses survive and acquire greater market share. That being said, by continuing bailouts, the big dogs will not need of future risk control. The companies that invest more in risk control will not be rewarded for their due diligent vigilance and investments.

    However, bailouts is one thing that both, the Republicans and the Democrats, agree on. And many others are in support of bailouts. Why is this the case and what are their arguments?

    submitted by /u/water_boat
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    TradingView versus Chartmill (subscription levels) any preference?

    Posted: 15 Oct 2020 05:09 PM PDT

    Or similar alternatives (besides Finviz)? I'm using the trial version of both, I like Chartmill data-wise but it seems a little buggy. If you've used either as a subscription and like it, can you explain why?

    submitted by /u/violentmauve
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    Potential in Lithium

    Posted: 15 Oct 2020 05:04 PM PDT

    With this push towards electric vehicles and the rise of Tesla, is there any Lithium mining or processing companies that you guys see becoming more prominent in the near future?

    submitted by /u/Dleman
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    Beginner advice

    Posted: 15 Oct 2020 03:57 PM PDT

    Hi everyone this is my first post on r/stockmarket. I started investing on robbin hood in 2018. I started with $40 and the simple goal of "just dont lose money". Since then I have about 2k (no big losses so far) in different stocks. I dont day trade or mess around with options. My strategy is more long term.. I typically look companies i know or use regularly with a 5 year upward trend and a div yeld under 5%. My annual gain is about 12%. Which leads to my question is 12% good in terms of annual growth also are balance sheets worth looking into? I really feel like I dont know what I'm doing and im not screwing up terribly and everyone in my circle of friends has no idea what I'm talking about when it comes to investing. I just need some help/encouragement am I doing the right thing? Is there more I can do to increase my annual gain? Am I pushing my luck?

    submitted by /u/magicb0i
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    What would happen if SQQQ hits $0.00?

    Posted: 15 Oct 2020 03:29 PM PDT

    I am somewhat new to stocks and was wondering what would happen if SQQQ went to $0?

    From my understanding SQQQ has an inverse relationship with the overall stock market. If SQQQ is up then stocks are down. Vice versa. But will anything happen if SQQQ hits zero? Or will it experience a huge boost like it did back in May 2019?

    Thanks !!

    submitted by /u/GodOfThunder101
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    Peloton super overbought?

    Posted: 15 Oct 2020 09:27 AM PDT

    Time to short peloton maybe? The daily close RSI is currently at 87 which is means that it's SUPER SUPER over bought. And the bullish volume is slowly and slowly decreasing. What's your guys' take on the idea to start entering short positions on this stock? Cuz when it's gonna fall it's gonna fall bad...

    submitted by /u/Muted-Acadia-2826
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    Invest for 20 years

    Posted: 15 Oct 2020 03:08 PM PDT

    Hi everyone, I've made a portfolio and have started investing in about £150 a month. I want to do this ideally for 20 years and retire. I am holding growth and dividend stocks. Is this the right way to go about building a retirement fund? I'm from the UK so I dont have access to roths and so on.

    submitted by /u/PostmortemCowslip
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    Where to get earnings announcment dates in bulk?

    Posted: 15 Oct 2020 10:34 AM PDT

    Is there a website where one can enter a series of stock tickers and then get back a list of the dates on which they announce their earnings? Currently I'm using the Fidelity U.S. Earnings Calendar but it's very time-consuming to click on each day and then scan down the list of tickers for stocks that announce on that day. Thanks.

    submitted by /u/robertlf
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    How do bankruptcies correlate to periods of economic recession?

    Posted: 15 Oct 2020 10:11 AM PDT

    I've been curious about how bankruptcies correlate to periods of economic recession for a while, and found this article that it explains it pretty well. Check it if you're curious - looks like big bankruptcies are the harbingers of a correction.

    https://roadworkahead.substack.com/p/the-bankruptcy-blues

    submitted by /u/DMartin423
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    Is now a good time to enter the stock market? Or are we in for a recession?

    Posted: 15 Oct 2020 02:00 AM PDT

    I've seen lots of noise about the economic crash that's impending recession because the market is currently in a bubble.

    Reports have says the market is bullish at an unsustainable rate, with most stocks being highly overvalued and a pull back is inevitable.

    Is this right and should I wait before entering the market or is trying to time it pointless.

    My goal is longterm so I plan on dollar cost averaging anyway to try to minimise the effects of price volatility.

    Advice is greatly appreciated

    submitted by /u/Lovedubai37
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    Anyone use Bollinger Bands?

    Posted: 15 Oct 2020 12:18 PM PDT

    Anyone use Bollinger Bands?

    Anyone use Bollinger bands and have any stocks that are above/below the +/-2.5 standard divination mark? How do you play stocks that are above/below your desired standard deviation and how do you predict timing? FSLY was above 2.5 standard deviations a few days ago and is already trading back at the mean. I'm already looking at NIO and ROKU, but don't know what play to make on them. Suggestions with reasoning would be appreciated.

    submitted by /u/HighSocksWithSandals
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    Could you guys give your opinion about this stocks portfolio, please? Percentage distribution is not exact.

    Posted: 15 Oct 2020 10:59 AM PDT

    Berkshire Hathaway 4-5%

    McDonalds 3,28%

    Coca Cola 3,56%

    Tyson Foods 3,66%

    Unilever 1,43%

    Nvidia 0,11%

    Colgate-Palmolive 1,81%

    Johnson&Johnson 3,35%

    Walmart 2,53%

    Procter&Gamble 2,06%

    AT&T 1,18%

    Caterpillar 2,34%

    Intel 0,76%

    3M 2,39%

    Novartis ADR (Switzerland) 1,24%

    Comcast 0,66%

    Visa 2,87%

    Ambev ADR (Brazil) 0,11%

    Pepsi 2,04%

    American Tower REIT 3,43%

    National Heath Investors REIT 0,85%

    IBM 1,79%

    Verizon Communications 0,83%

    Kellogg's 0,96%

    AFLAC Incorporated 0,52%

    Novo Nordisk ADR (Denmark) 1,01%

    Fresenius Medical Care ADR (Germany) 0,59%

    ABB Ltd ADR (Switzerland) 0,38%

    Microsoft 3,15%

    Kimberly-Klark 2,21%

    James Hardie Industries plc 0,37%

    Lexington Realty Trust REIT 0,37%

    Costco 5,41%

    Disney 1,79%

    Home Depot 4,11%

    Nike 1,82%

    Prologis Inc 1,49%

    Toyota ADR (Japan)

    Welltower Inc REIT 0,77%

    Alexandria Real Estate Equities Inc REIT 2,31%

    Crown Castle International Corp REIT 2,38%

    Digital Realty Trust, Inc REIT 2,24%

    Public Storage 3,38%

    Scotts Miracle-Gro Company 2,37%

    UnitedHealth Group 4,58%

    SAP SE ADR (Germany) 2,20%

    Packaging Corp Of America 1,67%

    Mastercard 4,83%

    Ross Stores 1,37%

    Logitech ADR (Switzerland) 1,14%

    Entegris Inc 1,17%

    Graco 0,93%

    Brookfield Asset Management 0,48%

    submitted by /u/Manada_2
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    $SE is making a run to All Time Highs

    Posted: 15 Oct 2020 01:59 PM PDT

    One of the overperforming stocks no one want you to know about is $SE, otherwise known as Sea Limited. Which has been printing monthly's all year for me, except for a small March dip.

    Now it is making an unusual run up and out of it's normal trading channels for $200. Normally $SE climbs 20 points every month without fail. This month it is making a move close to 40 points higher. It is currently sitting at 169.31 after throwing up 7 points today confirming my bullish thesis.

    Here is the YTD Chart showing it's stability through March: https://imgur.com/gallery/MWDchlI

    Here is the 3 Month Chart showing consistent entry's and exits, and a break up out of it's normal trading channels: https://imgur.com/a/xkNaiCo

    And the Monthly chart showing confirmation that it is time to make entry: https://imgur.com/a/qPI0zAy

    $SE has it's Earnings Date on 11/07 in the morning. They are expected to beat and it is the catalyst for the run to 200. Source: https://www.earningswhispers.com/stocks/se

    Think of Sea Limited as the new Amazon of South East Asia, that is in the beginning of it's growth stage. Cathy from Ark has seeded it with close to a half million shares. You will here people say that she has sold some of her position, but she only trims very small amounts to not disturb it's rise. Which is the purpose of Ark. Here is a link to the company profile: https://www.reuters.com/companies/SE

    My positions: 200 10/23 180c, 400 11/13 200c / If you are considering this play, you can always date your calls later to limit your exposure to Theta burn.

    Monthly's or more are calls I have set and forget, taking profits as I have gone. Should print multiple bags.

    Hope this helps!

    submitted by /u/WSBModsRGey
    [link] [comments]

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