Stock Market - What stocks are you eyeing for next week? |
- What stocks are you eyeing for next week?
- Lowe’s gives $100 million more in bonuses to hourly employees
- Here is a Market Recap for today Thurs, Oct 8. Please enjoy!
- The Current Health Crisis Could Create a $250 Billion Telehealth Opportunity in the U.S.
- AMD in talks to buy Xilinx for $30 billion
- Telehealth is expected to drive billions in healthcare services in 2020
- What is wrong with CSIQ?
- What’s it going to take for the market to lose hope in a stimulus bill?
- IBM to break up 109-year old company to focus on cloud growth
- Crypto / stock play 4 you animals
- Solar ETF joins options mania as traders continue to position for the presidential election.
- Current market situation
- Activist investor Dan Loeb urges Disney to suspend dividend and redirect the funds to its streaming service Disney+.
- Watchlist: 10/8 Unemployment Filings & The Bullish Case
- Quote: How Banks Can Use Their Commercial Holdings to Manipulate Markets for the Purpose of Increasing their Trading Profits; Or Vise Versa
- Sitting on the sideline since September, should I just go and invest now?
- Do you know that Zerodha has a quite affordable pricing structure?
- Accelerating Rise of Telemedicine and Innovation in Healthcare
- Why is HSBC's Price Book Ratio So Low?
| What stocks are you eyeing for next week? Posted: 08 Oct 2020 10:11 AM PDT
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| Lowe’s gives $100 million more in bonuses to hourly employees Posted: 08 Oct 2020 05:32 AM PDT https://www.cnbc.com/2020/10/07/lowes-gives-100-million-more-in-bonuses-to-hourly-employees-.html Lowe's said Wednesday it will give $100 million more in bonuses to hourly employees in mid-October, as strong demand for home improvement supplies continues. The retailer has paid more than $675 million in additional pay to employees this year, including the latest round. Lowe's also announced a cash tender offer for up to $3.5 billion of its outstanding debt securities. Thanks for the award. [link] [comments]  | ||
| Here is a Market Recap for today Thurs, Oct 8. Please enjoy! Posted: 08 Oct 2020 01:07 PM PDT PsychoMarket Recap - Thursday, October 8, 2020 Stocks rose again today, extending yesterday's frankly unexpected gains, with the major benchmarks opening at their highest levels in about a month. Market participants digested a new round of jobless claims, dimming hopes of stimulus, even for stand-alone bills, and progress in Covid-19 therapeutics following Pres. Trump's discharge from the hospital. The Nasdaq (QQQ) finished the day 0.54% up. The S&P (SPY) led the day, up 0.85% and the Dow (DIA) finished 0.48% up. Today, the Labor Department released their weekly jobless claims report. There were 840,000 additional first-time jobless claims this week, slightly above the 820,000 prediction of analysts. While 840,000 is the lowest level since March, jobless claims have stagnated the past month, a sign of slowing economic recovery. Continuing claims, which are the number of people who have already filed an initial claim and who have experienced a week of unemployment and then filed a continued claim to claim benefits for that week of unemployment, fell below 11 million, dropping almost 1 million compared to the week before. Ian Shepherdson, chief economist at Pantheon Macroeconomics said, "The decline in continuing claims is welcome, but initial claims offer a better read on the real-time state of the labor market, and the downward trend has stalled, more or less." According to CNBC, there are still 25.5 million workers claiming some form of unemployment benefits, according to totals through Sept. 19. More than half that total, or about 13.4 million, comes from those collecting under pandemic-related programs set up for those who normally wouldn't be eligible, showing the toll the pandemic has put on the labor market. House Speaker Nancy Pelosi further curbed expectations that any form of stimulus will be unleashed before the November election. Today, in response to a bill designed to provide relief to the airline industry, Pelosi said, "There is no stand-alone bill without a bigger bill." In other words, she opposes passing smaller, stand-alone stimulus bills in the absence of more comprehensive measures. Yesterday, after calling for his representatives to stop negotiations for overarching stimulus, Pres. Trump signaled he would support a smaller, targeted bill. In response to Trump's recent tweets about stimulus, Ed Mills, policy analyst at Raymond James said, "It's been the question of the day, as to why we got the tweets we got over the last 24 hours, the market reaction we got into [Tuesday's] close, and then the rally." Needless to say, the current market is hyper-responsive to the comments of Trump and other top officials. Shares of Regeneron (REGN) jumped after the drugmaker said it had submitted a request to the U.S. Food and Drug Administration (FDA) for emergency use authorization of its Covid-19 antibody treatment, which had been taken by President Donald Trump after his Covid-19 diagnosis. In a video on Twitter today, Pres. Trump openly endorsed the move saying "I took this medicine [during his stay at Walter Reed Hospital] and it was incredible." In other nice news, the World Trade Organization (WTO) announced that South Korea's trade minister and the former Nigerian finance minister are the two finalists in the race to become the next director-general. This is the first time a woman will occupy the position of top leader in this organization. Highlights
"Don't judge each day by the harvest you reap but by the seeds that you plant." -Robert Louis Stevenson [link] [comments]  | ||
| The Current Health Crisis Could Create a $250 Billion Telehealth Opportunity in the U.S. Posted: 08 Oct 2020 10:57 AM PDT I had an opportunity reading some articles about these telehealth companies. I am quite amazed that if this technology could be implemented, there could be plenty of on-demand healthcare solutions at our fingertips. Do you have any insight about these? Let's have some pretty good conversations here. [link] [comments]  | ||
| AMD in talks to buy Xilinx for $30 billion Posted: 08 Oct 2020 08:00 PM PDT https://www.wsj.com/articles/amd-is-in-advanced-talks-to-buy-xilinx-11602205553 (paywall) AMD is in talks to buy a rival chipmaker Xilinx for an estimated $30 billion. Following the acquisitions by Analog Devices and Nvidia, this would continue the trend of consolidation in the semiconductor industry. It'd be interesting to see the price movement based on this news tomorrow. [link] [comments]  | ||
| Telehealth is expected to drive billions in healthcare services in 2020 Posted: 08 Oct 2020 10:43 AM PDT I've been looking for some progress in telehealth on these past few days. News attracting me to the potential boom it will have for the next years. Also heard many advancements done by some companies. Thanks to those who are leaving comments. As I search again, another article says that in 2020, virtual care is expected to account for more than 20% of all medical visits in the U.S., which in turn is projected to drive $29 billion in total healthcare services. Those numbers were revealed this week in Doximity's 2020 State of Telemedicine Report, which also found that up to $106 billion of current U.S. healthcare spend could be virtualized by 2023. What do you think? Please leave comments for some ideas and suggestions. [link] [comments]  | ||
| Posted: 08 Oct 2020 12:22 PM PDT CSIQ has also rose about 30% with the recent solar boom, but even after the rally, its P/E is still only 9.5. They seem to be a decent company with growing profits and plenty of cash, but are not valued nearly as high as other solar industry companies. What am I missing here? [link] [comments]  | ||
| What’s it going to take for the market to lose hope in a stimulus bill? Posted: 08 Oct 2020 05:13 PM PDT It baffles be that everyone continues to hold out hope. Even after months, after congress leaves for recess (twice), after Trump and Pelosi both say they are unwilling to compromise.... Curious what everyone else thinks. [link] [comments]  | ||
| IBM to break up 109-year old company to focus on cloud growth Posted: 08 Oct 2020 10:05 AM PDT From: https://www.reuters.com/article/us-ibm-divestiture-idINKBN26T1TZ (Reuters) - International Business Machines Corp is splitting itself into two public companies, capping a years-long effort by the world's first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing. IBM will list its IT infrastructure services unit, which provides technical support for 4,600 clients in 115 countries and has a backlog of $60 billion, as a separate company with a new name by the end of 2021. The new company will have 90,000 employees and its leadership structure will be decided in a few months, Chief Financial Officer James Kavanaugh told Reuters. IBM, which currently has more than 352,000 workers, said it expects to record nearly $5 billion in expenses related to the separation and operational changes. Investors cheered the surprise move by Chief Executive Officer Arvind Krishna, the key architect behind IBM's $34 billion acquisition of cloud company Red Hat last year, sending the company's shares up 7%. "We divested networking back in the '90s, we divested PCs back in the 2000s, we divested semiconductors about five years ago because all of them didn't necessarily play into the integrated value proposition," Krishna said on a call with analysts. BIG BLUE'S NEW FOCUS In a blog, Krishna called the move a "significant shift" in the 109-year-old company's business model. "IBM is essentially getting rid of a shrinking, low-margin operation given the cannibalizing impact of automation and cloud, masking stronger growth for the rest of the operation," Wedbush Securities analyst Moshe Katri said. IBM, which has sought to make up for slowing software sales and seasonal demand for its mainframe servers, said it would now focus on open hybrid cloud and AI solutions that will account for more than half of its recurring revenues. Krishna, who replaced Ginni Rometty as CEO in April, said IBM's software and solutions portfolio would account for the majority of company revenue after the separation. The company also said it expects third-quarter revenue of $17.6 billion and an adjusted profit per share of $2.58, roughly in line with Street estimates. [link] [comments]  | ||
| Crypto / stock play 4 you animals Posted: 08 Oct 2020 07:58 PM PDT
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| Solar ETF joins options mania as traders continue to position for the presidential election. Posted: 08 Oct 2020 07:02 AM PDT What is Happening? Why does this Matter? These betting odds are starting to get reflected in certain stock market trades. Shares of renewable-energy companies expected to benefit from Biden's energy policy plans continue to outperform the broader market. In particular, the Invesco Solar ETF surged 5.4% yesterday, extending a six-day rally to 20%. Options traders have piled into the ETF, with record 17,000 calls changing hands yesterday. NextEra Energy, the largest renewable supplier, closed with a higher market valuation than Exxon Mobil. The Takeaway: [link] [comments]  | ||
| Posted: 08 Oct 2020 04:58 PM PDT Is anyone else too scared to get into the market right now? I feel like everyone is hyper focused on the bill and if we don't get one we will plummet back down from the 50 sma. [link] [comments]  | ||
| Posted: 08 Oct 2020 07:10 AM PDT What is Happening? Activist investor Dan Loeb is urging Disney to permanently suspend its dividend and use the funds to fuel growth at its streaming service, Disney+. Disney stock traded up 1.64% Wednesday. Loeb's Third Point owns less than 1% of Disney. Activist investors acquire stakes in companies with the intent to bring operational change. Warren Buffett started out as an activist investor. Why does this Matter? Disney's stock is down 16% for the year as amusement parks are still slow to reopen due to restrictions. Also, last week Disney announced that it was laying off 28,000 workers, wiping out about a quarter of its U.S. theme-park workforce. Right now the company's only bright spot is Disney+. It attracted more than 60 million subscribers and even won praise from the likes of Netflix CEO Reed Hastings. Loeb would like to use the $3 billion Disney dividend to double Disney+'s budget for original content, bring in additional subscribers, lower churn, and boost pricing power. He would also like to see Disney combine Disney+, ESPN+, Hulu, and Star into one powerhouse streaming service. That way Disney could increase pricing and start releasing all movies on the platform, cutting out movie theaters completely. The Takeaway: [link] [comments]  | ||
| Watchlist: 10/8 Unemployment Filings & The Bullish Case Posted: 08 Oct 2020 04:53 AM PDT Market Notes: Unemployment filing numbers are due out this morning. We could see an uptick with Disney and the airlines making layoffs last week. I don't expect this number to move the markets much, but I've been wrong about this before. Yesterday was solid green and futures are positive ahead of the unemployment filings. We are right where we were before stimulus negotiations died on Tuesday. Green energy plays are still hot. I'm watching for everything to rally into the election. Watchlist: PPSI is a low float on watch CVV is a low float, on watch SOL is a low float, resistance at $3.60 CPST is a low float, support at $6 SURF is a low float, resistance at $8 TANH is a low float, support at $2.50 SAVA is a lowish float, watching for a continuation CBAY has resistance at $7.75 OCUL has support at $10 GPRO has support at $5.75 LTHM has resistance at $12 [link] [comments]  | ||
| Posted: 08 Oct 2020 09:48 AM PDT From "Beyond Finance: Permissible Commercial Activities of U.S. Financial Holding Companies", by Saule T. Omarova, Cornell Law. "One of the key policy reasons for separating banking from commerce is the fear of banks unfairly restricting their commercial-market competitors' access to credit, the lifeblood of the economy. Banks can also use their financial power to influence prices in commercial markets in which their affiliates operate. The relatively recent growth of global derivatives markets, in which large U.S. FHCs (Financial Holding Companies) are key participants, raises these concerns with potential conflicts of interest and market manipulation to a qualitatively new level. If the same FHC trades derivatives linked to the price of some underlying asset and, at the same time, through its commercial operations, can influence the supply of, or demand for, that asset, that FHC can intentionally move the underlying asset's price to maximize gains from its derivatives positions". —- Read more… [link] [comments]  | ||
| Sitting on the sideline since September, should I just go and invest now? Posted: 08 Oct 2020 01:02 PM PDT Hello my dear wall street experts. Since September i'm sitting on around 80% cash, because of my profitable sell-off at the end of August. Now i'm checking the market everyday, looking at all the gains i'm missing out on because of my expectation of a market drop. I'm not a day trader, nor will I be holding for 30+ years. Would love to hear the opinions of you guys. Do you guys just invest in whatever? Are there also people sitting on a pile of cash? Thanks all! [link] [comments]  | ||
| Do you know that Zerodha has a quite affordable pricing structure? Posted: 08 Oct 2020 08:27 AM PDT Zerodha Brokerage is the most popular discount brokers in India. You can easily calculate the total charges to pay on your trading with Zerodha Brokerage Calculator. [link] [comments]  | ||
| Accelerating Rise of Telemedicine and Innovation in Healthcare Posted: 08 Oct 2020 11:12 AM PDT With the virus continue to spread at a slow burn, could telehealth be a game-changer in the fight against COVID-19? I have heard that with the COVID-19 pandemic driving increased demand for healthcare and promoting a policy of social distancing, Big telehealth companies could rapidly expand since healthcare companies are all trying to adopt virtual health care. COVID-19 pandemic has accelerated its growth and seems to have assured its endurance. are you already part of this growth? or planning to be part of it? [link] [comments]  | ||
| Why is HSBC's Price Book Ratio So Low? Posted: 07 Oct 2020 10:43 PM PDT I was looking at my dad's portfolio today (retired and previously from HK if it makes a difference) and I noticed that he had purchased shares in HSBC for a total book cost of 6k in total that had lost 12% in value, now worth 5k market. Usually, I don't care to bother him with his shares and I'm not at all familiar with HSBC, but I was curious and I looked briefly into it and I saw the laundering scandal and a year-long declining moving average, combined with the general bearish sentiment due to a large part of operations dependant on China. I asked him why he would buy HSBC knowing this information and he simply told me that it was because of the price book ratio and he's not concerned with the loss. So I looked at the price book ratio of HSBC and sure enough, it's 0.5. I googled the PB ratio history of HSBC and it has been under 1 since 2014. My question is: even with the bearish sentiment, how can HSBC's price book ratio be so low? Is it a market overreaction? In theory, if HSBC liquidated tomorrow, that 5k market value equity would be entitled to 10k of net assets, if I'm understanding correctly. HSBC merely broke even in the last quarter. Do investors find it likely that HSBC loses half its value? Any insight would be appreciated. [link] [comments]  |
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