Stocks - r/Stocks Daily Discussion Monday - Oct 12, 2020 |
- r/Stocks Daily Discussion Monday - Oct 12, 2020
- Apple Launches New iPhones Tuesday. Wall Street Is Pumped
- What are your opinions about today's Cloudflare 10% rise?
- Word Cloud of the "5 Stocks for 10 years" post
- Best sources to learn about stocks and investing?
- Disney says its ‘primary focus’ for entertainment is streaming — announces a major reorg
- With no stimulus seeming more and more probable, how bad do you think retail stocks will be hit?
- EV Companies Going Public Everywhere
- Peloton Goes Parabolic
- Morning Market Synopsis - Monday, Oct. 12, 2020
- $NET is up today but is there a reason?
- Market Recap - Monday October 12 PLEASE ENJOY!!
- $MCS -46% in last month, time to dip a toe with their earnings next week?
- Skimming off the top
- This October rally is just a resumption of big money trapping retail investors like prior to September
- "Value Stocks" you would recommend?
- If you could only invest in 1 stock for the next 10 years, what would it be? (No ETFs, Index, Funds).
- Should I own Vanguard ETF's even if I don't use Vanguard?
- Sunrun down post merger.
- $DDS Dillard’s real estate worth est $3b+, currently has $940m market cap *and* over 100% of available float is SHORT
- Opening a ROTH IRA when I turn 18
- What exactly is "Stock buying power", and how is it different than "Avail funds for trading" [TD Ameritrade]
- Selling your trade signals
- Huya buys Douyu
- Relationship Manager
| r/Stocks Daily Discussion Monday - Oct 12, 2020 Posted: 12 Oct 2020 01:08 AM PDT These daily discussions run from Monday to Friday including during our themed posts. Some helpful links:
If you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. Please discuss your portfolios in the Rate My Portfolio sticky.. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Apple Launches New iPhones Tuesday. Wall Street Is Pumped Posted: 12 Oct 2020 09:42 AM PDT Tuesday is the day. After many months of investor buildup, Apple is finally about to unveil the first generation of 5G iPhones, which likely will be called iPhone 12. The details have been widely leaked. Apple  (ticker: AAPL) is expected to unveil four models. Here's how Raymond James analyst Chris Caso laid it out in a research note last month: • iPhone 12, with a 5.4-inch screen, priced at $699 • iPhone 12 Max, with a 6.1-inch screen, priced at $799 • iPhone 12 Pro, also with a 6.1-inch screen, plus higher end cameras, priced at $999 • iPhone 12 Pro Max, with a 6.6-inch screen, priced at $1,099 There is also some speculation about new Apple-branded over-the-ear headphones called AirPods Studio, and perhaps a new product for tracking things with Bluetooth called AirTags. But there's no question that this event is all about the iPhone, and the expectations are sky high. Wedbush analyst Daniel Ives writes this morning that this will be the most important Apple iPhone product cycle since the iPhone 6 in 2014. That time, Apple finally moved beyond 4-inch displays—the iPhone 6 was 4.7 inches and the beloved iPhone 6s a whopping 5.5 inches. All of the new phones will run on 5G networks. (No coincidence that the tag line for the event is "Hi, Speed.") Ives notes that the Pro versions are expected to have Lidar sensor technology, useful for augmented reality applications, as well as enhanced rear-camera technology. Ives expects preorders to kick off in a few weeks, with two of the models shipping later this month and the other two in mid-to-late November. Ives says the U.S. version of the phones will be capable of accessing speedy millimeter wave version of 5G, which he thinks "could be a game changer looking ahead as more infrastructure, technology and apps are built around this transformational 5G highway over the coming years." Ives is particular bullish on the prospect for the new phones in China—he thinks the country will account for 20% of upgrades over the coming year. "With 5G now in the cards and roughly 40% of [the]...iPhone installed base not upgrading their phones in the last 3.5 years, [Apple CEO Tim] Cook & Co. have the stage set for a supercycle 5G product release, which should drive shares further," he writes. "Although the soft macro and Covid backdrop will clearly dent some demand, we believe the underlying growth drivers for iPhone 12 success are unparalleled for Cupertino." Ives maintains his Outperform rating and $150 price target. Meanwhile, RBC Capital analyst Robert Muller on Monday repeated his Outperform rating, while lifting his price target on Apple stock to $132 from $111. Muller writes that he thinks the new iPhone lineup will "kick off a significant replacement cycle which we believe will be a multiyear process as new applications and spectrum become available over time." Muller is also bullish about Apple's push into the fitness category with the pending launch of the Fitness+ service. "We view Apple's upcoming Fitness+ offering as a worthwhile competitor within the Health and Wellness category, and expect the service will benefit from pandemic-related at-home spending trends," he writes. "In addition to meaningful revenue/EPS contribution, we expect notable synergy opportunities across Watch/TV/iPad/Services and view the offering as one more way that Apple can drive customer loyalty and, importantly, repeat purchases." Assuming a 20% adoption rate by Apple Watch customers, Muller estimates that Fitness+ could generate $3 billion in annual revenue by 2022. "Our revenue estimates are stand-alone for Fitness+; however, Apple Watch is a requirement and unit sales could benefit from interest in Fitness+," he writes. "In total, we view Fitness+ as an ideal candidate to drive additional Apple-related spend and, importantly, keep customers more engaged and immersed within the Apple ecosystem, which should drive future iPhone sales." Source: Barron's Thanks for the awards. [link] [comments]  |
| What are your opinions about today's Cloudflare 10% rise? Posted: 12 Oct 2020 06:59 AM PDT Cloudflare is already up 10% today. It is my biggest position and I do view it as a good long-term stock. However, I am tempted to selling it and buying it back later at around 40$? Still, I fear that investors finally saw Cloudflare potential and the price will soon skyrocket even more. Do you see this opportunity as a good swing trade option? *EDIT *EDIT [link] [comments]  |
| Word Cloud of the "5 Stocks for 10 years" post Posted: 12 Oct 2020 08:36 AM PDT The post You have to put all your money into 5 stocks and hold it for 10 years, what are you buying and why? totally took off. I created a word cloud with Python using praw and wordcloud. A lot of (but not all) filler words have been removed. Words that carry sentiment or general topics are still in. Also, note that Stock Symbol and Name are not combined - but the winners and runner-ups are pretty clear. [link] [comments]  |
| Best sources to learn about stocks and investing? Posted: 11 Oct 2020 05:46 PM PDT I'm pretty young, but I have a stable 9-5 job and I've saved up a solid emergency fund, so I'm looking to invest my money to grow my wealth and set myself up well for the future. I don't personally know anyone that's very stock savvy so I was wondering if any of you have suggestions on what materials I should study to teach myself about investing! I'm open to all options! Books, podcasts, YouTube series, online class etc. Thank you! [link] [comments]  |
| Disney says its ‘primary focus’ for entertainment is streaming — announces a major reorg Posted: 12 Oct 2020 01:27 PM PDT Disney is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company's business. On Monday, the company revealed that in order to further accelerate its direct-to-consumer strategy, it would be centralizing its media businesses into a single organization that will be responsible for content distribution, ad sales and Disney+. Shares of the company jumped more than 5% during after hours trading. The move by Disney comes as the global coronavirus pandemic has crippled its theatrical business and ushered more customers towards its streaming options. As of August, Disney has 100 million paid subscribers across its streaming offerings, more than half of which are subscribers to Disney+. Only last week, activist investor Dan Loeb called on Chief Executive Officer Bob Chapek to end the company's annual $3 billion dividend to divert more capital to new Disney+ content. Loeb's Third Point Capital is one of Disney's largest shareholders and bought more shares earlier this year in support of Disney's repositioning around Disney+, its flagship subscription streaming service. As part of this reorganization, Disney has promoted Kareem Daniel, the former president of games and publishing within Disney's consumer products division. He will now oversee the new media and entertainment distribution group. He'll be in charge of making sure streaming becomes profitable, as the company continues to invest heavily in its various streaming products. Daniels will hold the reins to all of the company's streaming services and domestic television networks, including all content distribution, sales and advertising. Disney is becoming more reliant on Disney+ as movie theaters have been unable to recover after being shuttered in March due to the outbreak. Ticket sales have been particularly lackluster at domestic cinemas since the industry attempted a large-scale reopening in late August. In recent months, the company pushed back a number of its theatrical releases including Marvel blockbuster "Black Widow." The much anticipated Pixar film "Soul" has also been postponed. It will now arrive on Disney+ in December. Analysts are still awaiting word from Disney about how "Mulan" fared after Disney removed it from theatrical release and sold it through Disney+ for $30. It is expected the company will share more details about its performance during its next earnings report in November. Daniel will be responsible, in part, for making big decisions about Disney's theatrical and streaming release schedules going forward. Reorganizing Disney's media business Alan Horn and Alan Bergman will remain in charge of the company's studios, Peter Rice will continue to head the company's general entertainment group and James Pitaro will stay as head of the company's sports content. All will report directly to CEO Bob Chapek. The company's parks, experiences and products segment will remain under the leadership of Josh D'Amaro and Rebecca Campbell will remain on as the chairman of direct-to-consumer and international operations. Campbell will report directly to Chapek for all things related to international operations but will report to Daniel when it comes to Disney+, Hulu and ESPN+. "Given the incredible success of Disney+ and our plans to accelerate our direct-to-consumer business, we are strategically positioning our Company to more effectively support our growth strategy and increase shareholder value," Chapek said in a statement announcing the reorganization. "Managing content creation distinct from distribution will allow us to be more effective and nimble in making the content consumers want most, delivered in the way they prefer to consume it." Under Horn and Bergman, the studios segment will focus on creating content for theatrical release, Disney+ and Hulu. Walt Disney Studios, Marvel Studios, Pixar Animation Studios, Walt Disney Animation Studios, Lucasfilm, 20th Century Studios and Searchlight Pictures all fall under their perview. Rice's general entertainment segment includes 20th Television, ABC Signature and Touchstone Television, ABC News, Disney Channels, Freeform, FX and National Geographic. As for Pitaro's sports segment, that will focus on live sports programming, sports news and original and non-scripted sports-related content across ESPN, ESPN+ and ABC. Daniel's media and entertainment distribution group will manage all distribution, operations, sales and advertising across the three content groups. Daniel has spent 14 years at with company in a variety of positions. He helped transform Disney's Star Wars property into the two Star Wars: Galaxy's Edge lands in Disney World and Disneyland as well as aided in bringing Toy Story Land, Pixar Pier and Avengers Campus to the parks. "Kareem is an exceptionally talented, innovative and forward-looking leader, with a strong track record for developing and implementing successful global content distribution and commercialization strategies," said Chapek. This new structure is effective immediately. The company currently expects to transition its financial reporting to reflect these changes beginning in the first quarter of fiscal 2021. Additionally, Disney announced that it will hold a virtual investor day on Dec. 10. [link] [comments]  |
| With no stimulus seeming more and more probable, how bad do you think retail stocks will be hit? Posted: 11 Oct 2020 07:17 PM PDT How bad are retail stocks going to plummet with no stimulus in sight? It feels like it will be a disaster in the making with many retailers already feeling the bottom dropping out on their revenues after the middle of the year .com rush. Will we see a retail crisis if a solution isn't determined soon? [link] [comments]  |
| EV Companies Going Public Everywhere Posted: 12 Oct 2020 06:12 AM PDT Should we be concerned with all these EV companies that (admit it) most of us have never heard of are suddenly going public this year or in the coming months? GOD knows just how long it took for Tesla to develop their technologies to the point their up to now and I mean we've already had a joke of a company such as Nikola as a source of entertainment. How are other US and Chinese-based EV companies' prospects and what are your views for any of those familiar and have done their research in the company? [link] [comments]  |
| Posted: 12 Oct 2020 12:47 PM PDT Peloton Keeps Pedaling. Last month, we noted that Peloton Interactive Inc (NASDAQ: PTON) has been one of the big winners of the COVID-19 economy and looked at ways to hedge it. Since then, Peloton shares have continued their parabolic move. Here we elaborate on that. We also note why our system is currently bullish on it, and show updated ways of hedging it. Taking Advantage Of An Opportunity Back in May, I argued that government leaders missed an opportunity to mitigate COVID-19 by encouraging citizens to lose weight. While government leaders missed this opportunity, Peloton took advantage of it. Peloton sold more of its home exercise equipment and services with gyms closed due to lockdowns. In its most recent quarter, Peloton's revenues increased 99.5% year-over-year. Going Parabolic Peloton's share price has outpaced its revenue growth. When we wrote about hedging Peloton last month, the shares were already up over 220% year-to-date. Since then, Peloton shares had climbed another 30% as of the October 9 close. Why Our System Is Bullish On Peloton Now Every trading day, our system looks at every security with options traded on it in America, and estimates a potential return for it over the next six months. These are high-end, bullish estimates, and they are driven by an analysis of past returns as well as forward-looking options market sentiment. Essentially, we start with the premise that stock and ETF returns will revert to their long-term means, and then we test that assumption by looking at how options market participants are betting on where each security will be six months from now. We then calculate the cost of hedging each name, and then rank every security by its potential return, net of its hedging cost. As of Tuesday's close, these were the top ten names in our daily ranking. As you can see above, Peloton was No. 8. Interestingly, the next two names on the ranking, Zoom Video Communications (NASDAQ: ZM) and Teledoc Health Inc (NYSE: TDOC) have also been beneficiaries of COVID-19 lockdowns. In Case We're Wrong About Peloton (Or It Pulls Back) In the event our system is wrong about Peloton, we show updated ways of hedging it in the video below. The methods we use involve scanning for the optimal, or least expensive, put options and collars to protect the stock. Even if our system's bullishness about Peloton ends up being right, the hedges we show above could work opportunistically for investors if there's a near-term pullback. Longs confident that Peloton will recover from the pullback could sell appreciated put options to buy more shares, while buying-to-close the call legs of their collars to eliminate their upside caps. [link] [comments]  |
| Morning Market Synopsis - Monday, Oct. 12, 2020 Posted: 12 Oct 2020 07:50 AM PDT US equities higher: Dow +0.59%, S&P 500 +0.95%, Nasdaq +1.48%, Russell 2000 +0.36%
Notable Gainers:
Notable Decliners:
09:26:49 AM CDT on 12 Oct '20 [link] [comments]  |
| $NET is up today but is there a reason? Posted: 12 Oct 2020 08:06 AM PDT I know it's still early in the day but $NET seems to be on a slight run. May see some pull back tomorrow or Wednesday. Just happy about it and I know a lot of folks in this sub own so hopefully it's a good day for y'all too! [link] [comments]  |
| Market Recap - Monday October 12 PLEASE ENJOY!! Posted: 12 Oct 2020 01:30 PM PDT PsychoMarket Recap - Monday, October 12, 2020 Stocks traded higher today as market participants looked ahead to stimulus talks in Washington that appear to be progressing and an upcoming round of quarterly that are expected to be improved relative to earlier in the year. The Nasdaq (QQQ) was on fire today, finishing the day 3.09%, as the rebound in big tech continues from the September lows.. The S&P (SPY) finished 1.59% up and the Dow Jones (DIA) finished 0.87%. Prospects for further fiscal stimulus coming from Congress has been a main point of interest for traders since the CARES Act, the first round of stimulus passed in March, ran out on July 31. Though prospects for additional passage before the November election are slim, recent reports of a $1.8 trillion proposal coming from the White House and renewed talks between Treasury Secretary Mnuchin and House Speaker Nancy Pelosi. Last week's meetings between the pair did not produce an agreement, both parties are optimistic that a deal will be worked out. In an interview with CNN, White House economic advisor Larry Kudlow offered an upbeat assessment of the negotiations, saying that "the bid and offer is narrowing somewhat between the two sides." While there is a large delta between both proposals, the fact that the White House is showing a willingness to negotiate and compromise is a good sign that negotiations are going forward in good faith. Third-quarter earnings begin in earnest this week. A host of big banks, including JP Morgan (JPM) and Citigroup (C), will report earnings tomorrow. Big banks, which have underperformed the broader market since the March bottom, will provide valuable information into the extent of the ongoing strain to the US economy as a result of the coronavirus pandemic. For this earnings season, analysts expect companies to report more year-on-year declines in profits due to business difficulties arising from the pandemic. According to data collected by FactSet, consensus estimates predict a earnings per share decline of 20.5% over the last year for companies in the S&P 500. This earnings season comes at a very interesting time, with the market primed for several market-moving events, including the possibility of vaccine and therapeutic breakthroughs to treat coronavirus and uncertainty surrounding the upcoming presidential election. According to analysts at Goldman Sachs (GS), "New information on the election, vaccines, and upcoming 3Q earnings represent substantial cross-currents for equities during the next two months. However, the vaccine represents a more important factor than the election result for the recovery in S&P 500 fundamentals. In short, the progress of the US economy depends more on developments surrounding the disease rather than political elections or candidate differences in restoring the broken fundamentals of the stock market. Highlights
"Only you can control your future." -Dr. Seuss [link] [comments]  |
| $MCS -46% in last month, time to dip a toe with their earnings next week? Posted: 12 Oct 2020 08:48 AM PDT I understand movie theatres and hotels are having a tough go right now, but it feels like the market has gotten carried away such that maybe this is setting up for a positive surprise when they announce? I got the idea from here for reference. [link] [comments]  |
| Posted: 12 Oct 2020 07:50 AM PDT I invested in stocks (tech weighted) with the intention of going long 20 years+. Over the last year my portfolio has yoyod up and down generally settling around back to where I started. In this volatile market would I be ill-advised to skim off the profit every now and again. [link] [comments]  |
| Posted: 12 Oct 2020 01:02 PM PDT Each day since the market has started rallying again after the September correction, the headlines for why the market is up big is "InVeStOr OpTiMiSm FoR a StImUlUs" which we all know is not coming until late January or February once Biden likely wins the election. This market has been essentially socialized by the FED (as we all know) and subsequently, Wall Street and big media has been complicit in trying to act like this melt up is anything other than big money once again trapping retail at the top only to dump once again, leaving a bunch of little sad bag holders like last time.
Obviously there are long term plays out there; clean energy as a Biden victory becomes more likely, marijuana stocks as there is obviously a huge market for it as it continues to become legalized across the board, certain consumer cyclical companies, travel and leisure and certain REITS that have been absolutely beaten down. This post is really to drive home the fact that if you have not already been invested for awhile where most of your holdings are at a reasonable average share price (prior to this ensuing casino we call a stock market), touching any of these tech stocks could mean getting caught with your pants down as a 5-7% drop day is imminent for the NASDAQ as we once again approach 12,000. And NO, the inflation you would suffer for holding cash just for a few months is not nearly as bad as the brutal gaping you'll suffer at the hands of Wall Street after buying a lot of these overvalued companies at current levels. That idea is absolutely nonsense. TLDR; Time in the market obviously beats timing the market in any normal environment, but even with this unprecedented liquidity by the FED and interest rates being near 0, that doesn't mean a flash crash is out of the cards. Things are going to get extremely ugly next month and as the FED continues to empty its toolbox and possibly pulls out the big guns (buying equity ETFS), this will cripple things long term coupled with the nearly infinite debt that's going to need to be eventually un-winded. So my advice is don't chase anything right now due to FOMO and only look for plays where the fundamentals still seem to matter because believe it or not, fundamentals will mean something again at some point. [link] [comments]  |
| "Value Stocks" you would recommend? Posted: 12 Oct 2020 06:51 AM PDT Chanced upon this great article both touching base on Value Stocks outperforming post-election and cheapest relative valuation of the latter, any good "Value Stocks" to increase/include in a portfolio? [link] [comments]  |
| Posted: 12 Oct 2020 07:03 AM PDT So I've got 10k to invest in something. I'm not sure where to park it. I'd like to have max return over a long hold position. I don't have time to check it regularly but would like a fat return after 10 years. I've heard people say a dividend stocks like RIO or a potential stock like TSLA or NVDA. I've also heard AAPL and AMZN for the same obvious reasons. But I'd like to hear people's opinions. Thanks! [link] [comments]  |
| Should I own Vanguard ETF's even if I don't use Vanguard? Posted: 12 Oct 2020 08:48 AM PDT I rolled my account over to Fidelity recently and I'm wondering if there's any con's to owning Vanguard Funds/ETF's even though I don't use their platform anymore? Not sure if I'd be charged higher fees or if Fidelity Funds/ETF's would be suitable replacements although the fees seem much higher than Vanguard. Looking to mostly invest in $VGT [link] [comments]  |
| Posted: 12 Oct 2020 01:44 PM PDT Sun run is down ~25% post merger with Vivint solar. these were big gainers for me over the summer but now im torn. was the pump mostly excitement from the merger, and now its going to correct down further? or will a democratic victory cause a jump in solar and clean energy stocks? anyone have any thoughts on the best play for sunrun, if you've made significant gains? take profits and buy back in post correction, or stay in for the long haul? [link] [comments]  |
| Posted: 12 Oct 2020 02:30 AM PDT This a follow up post to $DDS Massive Short Squeeze in which I went over the mechanical reasons why a short squeeze was imminent in the stock. Friday after the close it was announced that Warren Buffet lieutenant, Ted Wechsler, has personally purchased 1.08m shares or about 6% of the company. Why buy a "failing" brick and mortar retailer? As was pointed out by a commenter last week, Dillard's owns its own construction company and builds most of its stores which saves them a lot of money long term on rent. Dillard's records the property on their books at cost. This is the key. Recently liquidated properties have sold for about 3X what Dillard's built them for. They have $1.38b of property and machinery and about $400m in long term liability that doesn't start maturing for five years. That puts their book value over $3b in a liquidation scenario. As of Friday's close the stock was $42.08/share with a market capitalization of $942m This is why the founding family, insiders and the company itself have been buying back shares hand over fist since over $60/share even as short sellers have used a faulty thesis to take shares to decade lows . They see the value at over $160/shr. To see the short squeeze/accumulation metrics check out previous post. [link] [comments]  |
| Opening a ROTH IRA when I turn 18 Posted: 12 Oct 2020 12:58 PM PDT I currently have an account with Charles Schwab, mostly tech growth stocks which is going pretty well. However when I turn 18 I am planning on opening a ROTH IRA. What advice do you guys have for the make-up of it? What ETFs/Mutual Funds should I be looking into? [link] [comments]  |
| Posted: 12 Oct 2020 12:52 PM PDT So, my account has $3,055 in value and $1,647 in "Available funds for trading", which I understand is my cash available, plus my margin funds available. But I also have $3,295 in "Stock buying power", and I'm not sure what that means, and how it differs from available funds. The tooltips don't really help: Available for trading: The amount available to trade marginable securities such as stocks and ETFs. May also include borrowed funds from a margin loan. Stock buying power: The projected amount to purchase marginable securities, such as stocks and exchange-traded funds (ETFs). This amount includes funds available to borrow on margin. Can someone help clear this up for me? Do I have $1.6k or $3.2k available to buy with? [link] [comments]  |
| Posted: 12 Oct 2020 12:15 PM PDT Hi guys, My name is Jason. I'm part of a team that is working on a platform that allows Interactive Broker clients to make more money from their trades with no additional work on their part. It works like this. Let's assume that you have a pretty good track record when it comes to trading. You can signup on our service as an 'advisor'. Your trade history will be pulled down from Interactive Brokers and summarized on our site. Visitors can browse your past trading performance and compare it to others. If they like your trade history, they can subscribe to your 'trade feed'. That is, every time you make a trade, on Interactive Brokers platform, within seconds, they will be sent an email or SMS message notification of your trade. They copy your trades and achieve the same performance as you. You can price the monthly cost of your trade feed as you wish. After initial signup, there is no requirement for you to interact with subscribers. You just keep making those returns, people will keep subscribing, and you'll keep getting paid. Here is our website if you want to check out a demo. This is the pre-alpha version of the site. It still requires work, but we believe that we can get it up and fully functional in a few weeks time. We're looking to connect with a few Interactive Broker traders who would be interested in being featured on our platform. If you're interested, have any suggestions, or have any questions, feel free to reach out to me via private message or on this thread. Thanks and happy trading [link] [comments]  |
| Posted: 12 Oct 2020 05:11 AM PDT Just announced a stock-for-stock merger. Douyu went up 10%, Huya dropped 15% immediately after it was announced. Tencent announced a while ago that they are planning to merge them, so this is it I guess. Wonder how this will turn out for both companies, as they basically own the Chinese video game streaming market now. Edit: more info available now, hokders of Douyu will receive 0.73 Huya ADRs, currently valued at ~$16. The new conglomerate will be fully integrated with Tencent's gaming and streaming offers. [link] [comments]  |
| Posted: 12 Oct 2020 05:58 AM PDT I've have growing stocks with a public company and my relationship manager from the broker firm wants to reach out for an intro call. I don't know much about how this all works, what is her job? Will she advise schemes, plans and such with what to do with my stocks? I mean I have an independent financial/investment advisor already and I always run decisions past him. Or is it simply to say hello? Asking because the only experience I've had with 'relationship managers' prior is with my bank, and in that case it was a guy trying to tell me where to move funds and make it sound like it was in my interests (it wasn't) [link] [comments]  |
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