Stock Market - What stocks are you looking at for next week? |
- What stocks are you looking at for next week?
- Here is a Market Recap for today Thursday, October 29, 2020. Please enjoy!
- Watchlist: 10/29 Dead Cat Bounce
- Apple falls as strong iPad and Mac sales fail to make up for iPhone decline
- Another huge sell off tomorrow?
- Everything about Interactive Brokers is the worst
- What are some of the best stocks to sell covered calls for?
- Alphabet stock pops 5% as company crushes expectations
- Need to know if this program is legit.
- I bought 20 out of the money long puts today - which should i hold and which should i sell
- Gme GameStop a buy or a sell right now?
- Help
- VST: Bullish Long Term Investment
- Amazon (company) at it again...
- Overstock stock went down AFTER profits went up more than 100%
- Newcomer stupid question: When you see an earning report, how do you know if the stock is going up or down?
- New investors?
- Need opinions on UPS
- E-commerce Picks
- Portfolio Construction Question
- Can someone explain these differences in prices across platforms?
- Terrible times for the stock market
- Long or Short? The million dollar question...
| What stocks are you looking at for next week? Posted: 29 Oct 2020 07:17 AM PDT
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| Here is a Market Recap for today Thursday, October 29, 2020. Please enjoy! Posted: 29 Oct 2020 01:40 PM PDT PsychoMarket Recap - Thursday, October 29, 2020 Stocks rose today, reversing course after being deep in the red the last two days. Market participants digested a record increase in third-quarter GDP for the US, a better-than-expected weekly unemployment report, new coronavirus restrictions in the US and Europe and a slew of corporate earnings for massive companies. The Nasdaq (QQQ) rose 1.75% today, the best performing of the major indices. The S&P 500 (SPY) finished 1.05% up and the Dow Jones (DIA) finished 0.44%. After coming off one of the worst quarters in US history, the economy rebounded, growing at its fastest pace ever. Gross domestic product (GDP), a measure of the total goods and services produced from July to September of this year, expanded at a 33.1% annualized pace, according to the report by the Department of Commerce. The gain came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones. The previous record was the post-World War II 16.7% surge in the first quarter of 1950. Today, the US Department of Commerce released its weekly unemployment report, showing that another 751,000 individuals filed initial jobless claims, better than the 770,000 estimated by analysts. Continuing claims, which refer to individuals that are currently receiving unemployment benefits who filed for unemployment benefits at least two weeks ago, was 7.75 million, slightly better than the 7.77 million expected. According to Yahoo Finance, this report represents the ninth-straight week initial unemployment claims have remained below 1 million and continuing claims below 10 million, a key indicator that the economy is recovering, though not as fast as many would like. In Europe, countries are still struggling to contain the recent surge in coronavirus infections. Both France and Germany announced renewed lockdowns spanning for about the next month, though the restrictions stopped short of the draconian measures announced earlier on during the pandemic. In the US, the seven-day average of daily new cases rose to a record 70,000 as of yesterday, according to data compiled by the Washington Post. On the vaccine front, Dr. Anthony Fauci, the nation's top infectious-disease expert, said he believed it would take until at least January for the U.S. Food and Drug Administration to authorize a COVID-19 vaccine. There are five companies (Johnson & Johnson (JNJ), Moderna (MRNA), Pfizer (PFE), Eli Lilly (ELY), and BioNTech (BNTX)) in the final stages of study for a coronavirus vaccine, with Pfizer Inc. and Moderna Inc. having fully enrolled their trials, Fauci said. Some analysts consider the recent pull-back in the stock market a healthy inevitability, given the strong rally that took many stocks to all-time highs earlier in the Month. Brad McMillan, chief investment officer for Commonwealth Financial Network, said in a note to clients, "Markets have been baking in a lot of optimism: that the pandemic was under control, that the economy was healing, and that things would be back to something approaching normal in 2021. Those assumptions were always optimistic, though, and what we are seeing now is a reality-based repricing. As such, this drop is both necessary and healthy. Markets should reflect the most likely future path, not the most optimistic, and that is where we are headed." Highlights
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| Watchlist: 10/29 Dead Cat Bounce Posted: 29 Oct 2020 04:36 AM PDT Market Notes:Yesterday was one of the biggest single day selloffs of the year. In a normal year it would've likely been the worst but 2020 is far from normal on any front. Futures are green at writing but are trending down. We may experience a dead cat bounce before the sell-off continues. The VIX is high. I'm watching for the selloff to continue through the election Watchlist:UUU is a low float, key level at $4 ZDGE is a low float, watching for a setup above $3.50 TANH is a low float, resistance at $3 MGEN has resistance at $1.60 CYH has resistance at $6 [link] [comments]  | ||
| Apple falls as strong iPad and Mac sales fail to make up for iPhone decline Posted: 29 Oct 2020 01:35 PM PDT https://www.cnbc.com/2020/10/29/apple-aapl-earnings-q4-2020.html EPS: 73 cents vs 70 cents expected, according to Refinitiv estimates Revenue: $64.7 billion vs $63.70 billion expected, according to Refinitiv estimates iPhone revenue: $26.44 billion vs. $27.93 billion est. Services revenue: $14.55 billion vs. $14.08 billion est. Other Products revenue: $7.88 billion vs. $7.40 billion est. Mac revenue: $9.0 billion vs. $7.93 billion est. iPad revenue: $6.8 billion vs. $6.12 billion est. Gross margin: 38.2% vs. 38.1% est. [link] [comments]  | ||
| Another huge sell off tomorrow? Posted: 29 Oct 2020 03:42 PM PDT I just noticed that most stocks are slowly going down during this aftermarket. Already -30% my daily gain since the market closed. Fuck. Could this be another sign of sell off, possibly tomorrow? [link] [comments]  | ||
| Everything about Interactive Brokers is the worst Posted: 29 Oct 2020 02:36 PM PDT Constant updates with the site being down for days during trading hours. I went to sell for a 20% profit and I just can't. It happens so often I want to scream. Why? Why would you do that? Why? Why!? Took 2 weeks for my money to get transfered from my bank to their system. More opportunity lost. Their line charts are deceptive. If you set it to week then it doesn't do 7 days. No, it does what I can only guess is show the current week. It took me forever to figure out that I was looking at the trend over 1/2/3 days. Same with month. I have to use other sites for this simplest thing. The ONLY good about the site is that it sends text codes to log in. I hate interactive brokers. Edit: Oh, I forgot that it doesn't save your trade history. It will tell you your trades for the last 3ish days then it's wiped. I have to keep track by hand. I hate it. [link] [comments]  | ||
| What are some of the best stocks to sell covered calls for? Posted: 29 Oct 2020 06:55 PM PDT I am looking to buy 100 shares of any stock which is priced around $100 and then sell covered calls. Can someone please suggest me some of the best stocks to sell covered calls. Thank you very much in advance. [link] [comments]  | ||
| Alphabet stock pops 5% as company crushes expectations Posted: 29 Oct 2020 01:38 PM PDT
Full article: https://www.cnbc.com/2020/10/29/alphabet-googl-earnings-q3-2020.html [link] [comments]  | ||
| Need to know if this program is legit. Posted: 29 Oct 2020 08:29 PM PDT Hey guys I have a question. I'm thinking of getting the High Strike Trading trading program by Ben Zogby to learn how to trade options. Would somebody mind checking the program out and letting me know what you think of it? And if you've been in or are currently in the program , how is it? Is it worth it? Is there a better program (with more lucrative strategies that they teach you) out there? Also is Ben Zogby a legit "investor guru"? Please lmk thanks! [link] [comments]  | ||
| I bought 20 out of the money long puts today - which should i hold and which should i sell Posted: 29 Oct 2020 07:45 PM PDT AMZN, NVDA, FB, NIO, AAPL, BABA, SE, SQ, and APPS All for January 2021 and an extra long 6/21 put for NVDA . Say the market continues it's downtrend for sake of this conversation. which of these do you think have the biggest fall coming. I already feel like i should sell NIO and APPS quicker than the others. any opinions? edit: any ideas for other really overvalued companies to buy puts on right now? [link] [comments]  | ||
| Gme GameStop a buy or a sell right now? Posted: 29 Oct 2020 12:05 PM PDT I'm look at GameStop and it was bad during quarantine then shot up and is now starting to go down again. I'm think if the holiday season in December and wondering if I should buy now and start doing some covered calls since it has decent premiums and might go up with the new Xbox deal it has with microsoft or should I look at a different stock . [link] [comments]  | ||
| Posted: 29 Oct 2020 08:41 AM PDT My father recently by accident brought 5thousand dollars worth of stocks into the company kaixin auto and currently he's -2000 I'm worried it'll drop even further can anyone tell me theirs a chance It won't drop any further [link] [comments]  | ||
| VST: Bullish Long Term Investment Posted: 29 Oct 2020 05:24 PM PDT Vistra Corp is an energy generation company with a portfolio of natural gas, nuclear, coal, solar, and battery energy storage. Most of their portfolio is low and no carbon emission generation, and moving in that direction long term. What caught my interest is the following:
There is a responsible capital allocation plan over the next few years is outlined in the following slideshow. Slide 11 shows the capital return to shareholders: https://s21.q4cdn.com/410616722/files/doc_presentations/2020/VST-Virtual-Investor-Day_FINAL.pdf Financially, the company looks responsible, not over levered, great cash flow, and very undervalued. From what I can tell, the only long term downside to VST is utilities margins are continually shrinking. I'm curious if others have evaluated this company and what your conclusions were? [link] [comments]  | ||
| Amazon (company) at it again... Posted: 29 Oct 2020 04:07 PM PDT Moving in the right direction. Following the decision to have 10 000 electric delivery vehicles by 2022, and 100 00 by 2030. Would the news make more people interested in the company then? Article at https://blog.aboutamazon.co.uk/sustainability/amazon-launches-climate-pledge-friendly-in-europe The programme which makes it easier for customers to discover and shop for sustainable products, launches with over 40,000 Climate Pledge Friendly products across France, Germany, Italy, Spain, and the UK with one or more of 19 sustainability certifications. By Day One Team Today, Amazon announced the launch of Climate Pledge Friendly in France, Germany, Italy, Spain, and the UK. The new programme will help make it easy for customers to discover and shop for more sustainable products. Customers will now see the Climate Pledge Friendly badge on more than 40,000 products in Europe to signify that the products have one or more of 19 different sustainability certifications that help preserve the natural world, such as reducing the carbon footprint of shipments to customers. The Climate Pledge Friendly selection includes beauty, fashion, grocery, household, office, and electronics products for consumers and businesses from brands including Cif ecorefill and Seventh Generation by Unilever, Faith in Nature, HP Inc., Haglöfs, Esprit, Calida, and Kite Clothing. Climate Pledge Friendly products are clearly shown in shopping results, have additional sustainability information on the product page, and are featured in a dedicated section of our store. The Climate Pledge Friendly selection includes products made and sold by small businesses across Europe. Amazon has partnered with trusted third-party certifications, and customers will be able to discover products that meet sustainability standards designed to help preserve the natural world. Climate Pledge Friendly includes a wide range of global certifications and Amazon is adding European certifications from EU Ecolabel, Blue Angel, and Nordic Swan. Amazon is working with more certification partners and brands to add to the selection of Climate Pledge Friendly products. As part of the Climate Pledge Friendly initiative, Amazon is also introducing Compact by Design in Europe, a new externally-validated certification created by Amazon to identify products that, while they may not always look very different, have a more efficient design. With the removal of excess air and water, products require less packaging and become more efficient to ship. At scale, these small differences in product size and weight lead to significant carbon emission reductions. Cif ecorefill offers a unique Compact by Design-certified cleaning spray refill that helps people reuse their spray bottles at home. Its 10-times concentrated formula delivers the powerful Cif cleaning performance with 75% less plastic and in a 100% recyclable ecorefill, enabling significant energy, material and transport savings. Similarly, Faith in Nature's plastic-free shampoo bars provide the ultimate zero-waste alternative to bottled shampoo. Their solid shampoo weighs just a quarter of the total weight in a liquid shampoo, significantly reducing the weight and packaging for each order. "Climate Pledge Friendly is a simple way for our customers to discover more sustainable products that help preserve the natural world," said Doug Gurr, Amazon UK Country Manager. "With 18 external certification programmes and our own new Compact by Design certification, we're incentivising selling partners to create sustainable products that help protect the planet for future generations." "It's fantastic to see Amazon helping to make sustainable shopping easier and more accessible for consumers. Fairtrade is committed to supply chain transparency and environmental protection, and we are therefore delighted to be involved in Amazon's Climate Pledge Friendly program" said DarÃo Soto Abril, CEO of Fairtrade International. "I look forward to seeing it launch in Europe, and hope it encourages even more brands to source more sustainably and certify their products so we can continue to drive positive impact that benefits farmers, workers and our shared environment." "It has never been more important to provide information that allows us all to contribute to a sustainable future, and our focus is on highlighting products that meet tough requirements on chemical usage, resource consumption, greenhouse gas emissions and biodiversity," said Ragnar Unge, CEO Ecolabelling Sweden, in charge of The Nordic Swan Ecolabel. "Climate Pledge Friendly will help guide consumers in Europe to easily find products with trusted sustainability certifications." "In line with our mission to make sustainable living commonplace, we are delighted to partner with Amazon on its Climate Pledge Friendly initiative," said Seb Munden, General Manager Unilever UK & Ireland, makers of CIF ecorefill, Comfort and Seventh Generation, among other brands available through the programme. "Amazon's initiative will drive scale and impact for more sustainable consumption by helping customers easily discover products that are Climate Pledge Friendly and encourage the manufacturers to make their products more sustainable. Unilever is committed to delivering products that provide the best experience for consumers while reducing the impact that our products and our operations have on the environment." The Climate Pledge Friendly initiative supports Amazon's commitment to reach the Paris Agreement ten years early and be net-zero carbon by 2040. The company has already committed to reaching 100% renewable energy by 2025 and ordered more than 1,800 branded electric vehicles from Mercedes-Benz to make deliveries to customers in Europe. Amazon also launched the Climate Pledge Fund, a $2 billion fund to back visionary companies whose products and services will facilitate the transition to a low carbon economy. Amazon is also working to minimise waste, increase recycling, and provide options for customers to reuse, repair, and recycle products. As part of this effort we are removing a wide range of single-use and oxo-biodegradable plastic products from our websites across Europe and the UK to help prevent plastic waste. Building on these actions, Amazon will now make it easier for customers to access product choices that align with our commitment to a more sustainable future. For detailed information on the programme qualification criteria and to start shopping for these products visit our store or look for the Climate Pledge Friendly mark on qualifying products. [link] [comments]  | ||
| Overstock stock went down AFTER profits went up more than 100% Posted: 29 Oct 2020 04:04 PM PDT How does this make sense. Overstock released their Q3 earnings report and they smashed it big time and suddenly they're stock went down! Lol what is going on, how does that make sense? [link] [comments]  | ||
| Posted: 29 Oct 2020 07:01 AM PDT Amazon is releasing its earning report for Q3 today and as far as I understood it they release it after the market is closed, meaning you will see no change until it opens again. How do you identify if the market value of the stock will go up or down once it opens again? Like what earning number do I need to compare the actual earning number to? [link] [comments]  | ||
| Posted: 29 Oct 2020 03:09 PM PDT I'm 18 and just started investing on robinhood. I'm looking for other new investors or seasoned investors to make a group with to talk about stocks. If you're interested comment or dm me [link] [comments]  | ||
| Posted: 29 Oct 2020 03:41 AM PDT I have around 5% of my portfolio on Ups and obviously yesterday they took a big hit, there q3 earnings report was higher than expected but not to much higher, do you think I should take this loss now and invest in another stock or wait it out? Thanks [link] [comments]  | ||
| Posted: 29 Oct 2020 07:40 AM PDT $AMZN $MELI $SHOP $ETSY $BABA $JD $SE If you can only pick 3 out of 7 to invest in, which 3 would you pick and why? For now I feel like $BABA is the only one that is still fairly valued while others have already priced in their growth for the next 5 years. Feel free to share other counters too if you have better choices in mind. [link] [comments]  | ||
| Portfolio Construction Question Posted: 29 Oct 2020 10:39 AM PDT I created the portfolio below and funded money into it on 10.23.2020. Given the week we have had, I realized I should have consulted a few strangers before putting my foot all the way down on the pedal. I do not intend to make changes or rebalance until January, but I really need some constructive criticism/break down of my holdings. I hope I am posting in the right sub. If not, I apologize and will take the post down. Portfolio holdings and Target Allocation VYM - 25% Allocation - Dividend play, yield is expected to be 3.25%. Heavy concentration in US specifically in Financial, Consumer Defense, and Healthcare sectors. MGK - 24% Allocation - Growth play, top 8 holdings are the biggest names in the market now. 38% Technology and 20% Consumer Cyclical. CLOU - 15% Allocation - Growth play, concentration in cloud computing. I expect cloud computing to continue to become essential to every business over the next 3-5 years. QCLN - 10% Allocation - Clean energy play, clean energy will continue to become important. Especially if Biden wins election. VWO - 10% Allocation - International exposure play, looking to take advantage of large cap international companies in emerging market. VIG - 9% Allocation - Dividend play, contains top US companies that pay dividends. VT - 5% Allocation - Diversification play, largest holdings are top US and International companies. CASH - 3% Allocation - Did not purchase fractional shares. This represents actual cash Allocation as of 10.23.2020 Reasoning and Methodology Intending on capturing large upside potential in the Technology sector diversifying with US large cap, cloud computing, and clean energy holdings. I am weighting 30% to technology while taking a diversified approach to the remaining sectors. I anticipate the Technology sector to continue its growth regardless of who wins the presidential election. I intentionally have little weight in Real Estate, Energy, and Basic Material sectors. If Biden wins the 2020 election, I anticipate increased regulations on energy, materials, and financials. If Trump wins the election, I anticipate continued decrease regulation on energy and financial sector. This portfolio is heavily concentrated domestically with 82% of the holdings being US. 15% international holdings with 10% of the holdings concentrated in Asia including 7.7% concentrated in Asia Emerging markets. 73% of the holdings are an equally balance of large cap holdings since large cap has the best chance of weathering any storm Covid-19 or the election may bring. Beta is 1.56, R squared 93.98%, Sharpe Ratio .88, and Standard Deviation of 31.61%. The questions I have First things first, what positives and negatives do you notice? I have ALOT of overlapping holdings between these funds. I have no idea what my top weighted company actually is (I anticipate Microsoft, but do not know for sure). Is there a place I can input these tickers and it generate my percentage of holdings? Do my holdings actually make sense? VT and VYM are essentially the same play. While they have a lot of the same holdings, I like how the holdings are weighted differently. Is that enough reasoning to keep them both? If you are an experienced investor, rip me apart if you see something foolish. [link] [comments]  | ||
| Can someone explain these differences in prices across platforms? Posted: 29 Oct 2020 06:20 AM PDT Forgive my ignorance. If you take a look at the screenshot. https://imgur.com/Jl0EAhJ For SPY with fidelity, it says that it closed at 326.66 yesterday. Makes sense, I see that number twice and can look it up on multiple websites and verify that. However with yahoo finance. It says that it closed On October 28th (yesterday) at 326.70. Well that is different that what fidelity says. And then just below that number it says, previous close of 338.22? What gives. Does the 338.22 refer to October 27th? If so, that makes sense. But why the difference between fidelity and yahoo on the 326.66 verse 326.70? Thanks. [link] [comments]  | ||
| Terrible times for the stock market Posted: 29 Oct 2020 09:28 AM PDT I invested in April as the interest on my savings account kept dropping. Now i look at my stock accounts and realized ive only made $19 since April on $6000. My stocks are all pretty spread out. Im in it for the long term as a passive investor but its weird to see i coulda made more in my savings account over the same period. [link] [comments]  | ||
| Long or Short? The million dollar question... Posted: 29 Oct 2020 08:36 AM PDT I usually trade spreads, but I think I am temporary going back to my old ways of just calls/puts, I have a hunch the election shake out and uncertainty is not quite over yet. I was wondering what others thoughts are on this? I see a small down trend for the next 30 days due to how long the election could potentially drag out with mail in and recounts etc etc. I would love to hear others thoughts, opinions, and perspectives on this! [link] [comments]  |
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