• Breaking News

    Wednesday, October 14, 2020

    Home Unlabelled Stocks - r/Stocks Daily Discussion Wednesday - Oct 14, 2020

    Stocks - r/Stocks Daily Discussion Wednesday - Oct 14, 2020

    October 14, 2020

    Stocks - r/Stocks Daily Discussion Wednesday - Oct 14, 2020

    r/Stocks Daily Discussion Wednesday - Oct 14, 2020

    Posted: 14 Oct 2020 01:06 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.

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

    Trying something new: A small portfolio allocation to the "Worst" stocks of 2020

    Posted: 13 Oct 2020 10:55 PM PDT

    I was doing some research on what analysts of years past said were the worst stock picks of previous years. I decided to do some performance analysis of these picks.

    In 2012, a financial article wrote that these were the 5 "Best" stock picks of the year:

    PulteGroup Inc (PHM) - It's had some volatility but overall has grown by about 180% in 8 years

    Sprint (S) - Pulling data is hard but it appears that Sprint was pretty volatile but overall had a nice run, then a decline, until it was bought at 280% above its 2012 price

    Whirlpool Corp (WHR) - It had some volatile growth but is currently sitting at 99% growth from its 2012 price

    Expedia (EXPE) - It had a nice period of a lot of growth but COVID hit it hard. It's now sitting at 59% up from its 2012 price

    Bank of America (BAC) - It grew quite a bit for a while but it hasn't fully recovered from COVID yet. It's currently up 135% from its 2012 price

    If you had invested $1k in the 5 "Best" stocks of 2012 at an even distribution (and HELD), you would now be sitting on about $2500, or over 150% growth.

    Now let's see what the "Worst" stocks of 2012 were:

    Radioshack (RSH) - Sold in 2015 having lost effectively 100% of 2012 value

    SUPERVALU Inc (SVU) - Immediately experienced a 3 year 500% run-up, fell, then was sold in 2018 up 62% from 2012 value

    Apollo Group (APOL) - Sold in 2015 at 50% less than its 2012 value

    Best Buy Inc (BBY) - Almost immediately after the author hit send, this stock had an eight year run-up. It is now up 900% the value it was in 2012

    Advanced Micro Devices (AMD) - It took a few years but eventually had a run-up over 3400%. AMD, everyone. This was among the "worst stocks of 2012.

    If you had invested $1k in the 5 "Worst" stocks of 2012 at an even distribution (and HELD), you would now be sitting on over $9000, or over 800% growth.

    If you had taken all that many and just bought VOO in 2012, you'd be sitting at about 145% growth.

    Of course, AMD is the real diamond here. Without it, this outcome would look different.

    But even if we remove AMD, the other 4 "worst" stocks would have seen 140% growth.

    What does this all mean?

    I think it means you shouldn't necessarily overlook "bad" stocks. Of course, do your due diligence. And definitely don't invest all your eggs there. But conversely, don't ignore picks just because someone tells you to. It might be worthwhile to keep a few "bad" eggs in a small basket of your larger portfolio. You never know what will come roaring back in five to ten years.

    submitted by /u/SPAGHETT0
    [link] [comments]

    France is considering a 8pm curfew starting from tomorrow: which stocks would you invest in if more countries slowly moved towards a second lockdown?

    Posted: 14 Oct 2020 09:59 AM PDT

    The French PM is holding a speech tonight at 8pm local time, and he might announce a rumored 8pm curfew starting from tomorrow.

    Italy and the UK have just put even stricter restrictions in place, and it feels like being back in late February.

    If these will evolve into a partial or full lockdown, which stocks would you invest in right now? More ZM, PTON, AMZN? Or would you just cash out now and hold cash expecting a March-like crash?

    submitted by /u/imm_uol1819
    [link] [comments]

    Here is a Market Recap for today Wed, Oct 14, 2020. Please enjoy!

    Posted: 14 Oct 2020 01:10 PM PDT

    PsychoMarket Recap - Wednesday, October 14, 2020

    Stocks accelerated yesterday's losses as market participants digested a new round of corporate earnings report and the prospects of additional stimulus before the November presidential election.

    The Nasdaq finished 0.84% down. The S&P (SPY) fell 0.63%, and the Dow Jones finished the day 0.53% down.

    Today, Treasury Secretary Mnuchin admitted that coming to a deal regarding stimulus and advancing the measure through Congress would be "difficult" before the November election. The remarks come shortly after Mnuchin and House Speaker Pelosi met on the phone to negotiate further, a deal Pelosi's spokesperson called "productive". The two are set to discuss again tomorrow, but after multiple weeks of discussion and the November election coming ever-nearer, chances for additional stimulus look dim.

    The impasse between US lawmakers over stimulus is alarming, given the frequent calls of Pres. Trump, Jerome Powell and other FOMC members, and economist for more virus-relief. Yesterday, Senate Leader Mitch McConnel said he would introduce a smaller, more targeted proposal to the Senate when the chamber reconvenes next Monday. He said "When the full Senate returns on October 19th, our first order of business will be voting again on targeted relief for American workers, including new funding for the PPP." The estimated $500 billion deal is way below the $1.8 trillion package proposed by the White House earlier in the week, a sign that negotiations may be souring. However, Pelosi has made it clear she would not support smaller, targeted bills, calling them inadequate. Pres. Trump appears to agree with her, tweeting "Go big or go home!!!" for more stimulus.

    In other news, two companies in the forefront of vaccine development for the coronavirus announced their respective trials were put on trial over safety concerns. Eli Lilly (LLY) said Tuesday afternoon that enrollment for its COVID-19 treatment would be temporarily halted, less than a day after Johnson & Johnson (JNJ) said clinical trials for its COVID-19 vaccine candidate were paused due to an unexplained illness in a participant. Shares of Eli Lilly and Johnson & Johnson were little changed overnight after dropping during Tuesday's session.

    In terms of earnings season, all eyes are on big banks as they have already started to report. An article published by Marketbeat summarized sentiment by stating that "JPMorgan Chase, Citigroup, Wells Fargo and Bank of America saw their profits partly recover in the third quarter from the depths of the coronavirus-caused recession earlier this year. The turnaround stems mostly from improvements in the U.S. economy that allowed these big banks to set aside less money to cover potentially bad loans — $5 billion in the third quarter versus $33 billion in the second quarter."

    Highlights

    • Goldman Sachs (GS) reported third-quarter results that greatly exceeded expectations. The stock was marginally green at the time of writing, pulled down by the broader market.
      • EPS of $9.68 vs $5.37 estimate
      • Revenue of $10.70 billion vs $9.40 billion
    • Bank of America (BAC) barely outperformed earnings estimates. The stock took a hit and was 4.25% down at the time of writing.
      • EPS of $0.51 vs $0.43
      • Revenue of $20.30 billion vs $20.88 billion estimate
    • Wells Fargo (WFC) slightly beat earnings. The stock also took a big hit today, 5.27% down at the time of writing.
      • EPS of $18.86 billion vs $17.87 billion.
    • Amazon (AMZN) has struck a deal with the NFL to stream a playoff game this season, people familiar with the matter said.
    • Since Sept. 23, the Russell 2000 has risen nearly 13%, outperforming the S&P 500 by 4 percentage points. The small-cap benchmark is now approaching its year to date high of 1705.2, set in January, and is only 100-odd points below the record it reached in 2018.
    • Intel Corporation (INTC) had price target raised by UBS from $64 to $67
    • Livongo (LVGO) had its price target raised by JPMorgan (JPM) from $88 to $150
    • NIO was upgraded by JPMorgan Chase from NEUTRAL to OVERWEIGHT with $40 price target. The stock was one fire today!!!!
    • United Parcel Service (UPS ) had target raised by Citigroup from $150 to $190 at BUY
    • The Trade Desk (TTD) had a target raised by Needham from $580 to $750 at BUY. This is a huuuge increase, very bullish!
    • Peloton (PTON) had its price target raised by Barclays from $111 to $142 at OVERWEIGHT. This is a monster stock!
    • Johnson & Johnson (JNJ) had targets raised by Credit Suisse and Cantor Fitzgerald from $163 to $168 at OUTPERFORM, and $168 to $180 at OVERWEIGHT, respectively. Good earnings, but some issues with the covid trials.
    • Goldman Sachs (GS) raised price target for:
      • Ford (F) from $7 to $8 at NEUTRAL
      • General Motors (GM) from $36 to $41 at BUY
    • Crocs (CROX) had a price target raised by Piper Sandler and B. Riley from $48 to $53 at OVERWEIGHT and $50 to $54 at BUY. This is on the back of a collaboration with Justin Bieber
    • Blackrock (BLK) had its price target raised by Deutsche Bank and Citigroup from $661 to $685 at BUY, and $690 to $800 at BUY.
    • Booking.com (BKNG) had its target raised by Barclays from $1,900 to $2,000 at OVERWEIGHT.
    • Bed Bath and Beyond (BBBY) had a target raised by Raymond James from $22 to $26 at STRONG BUY.
    • Delta Airlines (DAL) reported a $5.3 Billion loss for Q3 as operations are ravaged by the pandemic.
    • Apple (AAPL) had its price target raised by Morgan Stanley and Credit Suisse Group from $130 to $136 at OVERWEIGHT, and $95 to $106 at NEUTRAL, respectively.
    • FDA cited Lilly's Branchburg, New Jersey facility on two counts of inadequate "control of computer systems," Lilly confirmed in an email. Those two findings included deleted data on the company's manufacturing processes and failed quality control over audit paper trails, sources told Reuters.
    • Notable Performers today: NIO 21.6% up, XPEV 14.2% up, BBBY 8.4% up, JKS 8.3% up, GRUB 8.1% up, HYLN 8.1% up, LI 7.8% up, BIDU 7.47% up.

    "Live a great life where you are, and in the daily work you have to do, and greater works will surely find you out. Big things will come to you, asking to be done" -Wallace D. Wattles

    submitted by /u/psychotrader00
    [link] [comments]

    NIO Price target raised by J.P. Morgan

    Posted: 14 Oct 2020 01:09 AM PDT

    (Bloomberg) J.P. MOrgan analyst Nick Lai raised his recommendation on NIO to overwieght , PT set to 40 !

    This could be a nice catalyst for today. I personaly expect jump of 5-7%. But again, maybe not.

    IMHO we wll see the price in the 22-26 range up until January 9.

    Edit source: https://cntechpost.com/2020/10/14/jp-morgan-sharply-raises-nio-price-target-to-40-representing-85-upside-potential/

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

    Fastly down 27% after-hours, what happened?

    Posted: 14 Oct 2020 01:33 PM PDT

    I can't find news on this anywhere, seems uncharacteristic given its performance lately. Did a large shareholder just decide to dump it? Volume was about 500k between 3:10-3:20. Over half my gains from it just got wiped, anyone have more info?

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

    GameStop Shares Get Another Boost From Hedge Fund Stake After Microsoft Partnership

    Posted: 14 Oct 2020 09:57 AM PDT

    GameStop Corp (NYSE: GME) stock surged 5.89% in Tuesday's after-market trading session. GME stock has risen 28% since last Wednesday, and its year-to-date gains are close to 88%.

    What Happened: On Tuesday, in a filing with the U.S. Securities and Exchange Commission, the company disclosed that Richard Mashaal's hedge fund firm, Senvest Management LLC, purchased over 3.6 million common stock representing a 5.54% stake in GameStop last week.

    This followed the consumer electronics and gaming retailer entering into a multi-year partnership with tech giant Microsoft Corporation (NASDAQ: MSFT) last Thursday.

    Through the deal with Microsoft, GameStop hopes to improve customer experience by leveraging Microsoft's expertise in cloud computing. Additionally, the esports merchandise retailer has also announced payment plans for the upcoming models of Xbox consoles, including an Xbox All Access program.

    Why Does It Matter: In September, there were reports that Entrepreneur and GameStop investor Ryan Cohen held strategic discussions with the company's management. Cohen was keen to expand the e-commerce segments beyond consumer electronics and video games, and position the company to take on e-commerce giant Amazon Inc (NASDAQ: AMZN).

    Cohen is GameStop's largest individual investor with 10% holdings and BlackRock Institutional Trust Company (NYSE: BLK) is the biggest institutional investor with a 15.31% stake.

    Price Action: At the end of Tuesday's after-hours, GME stock was quoting at $12.58 per share.

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

    Morning Market Synopsis - Wednesday, Oct. 14, 2020

    Posted: 14 Oct 2020 08:10 AM PDT

    US equities little changed: Dow +0.07%, S&P 500 +0.09%, Nasdaq +0.09%, Russell 2000 +0.09%

    • US equities little changed in Wednesday midday trading, after opening higher. Follows a decline in the prior session. Energy and industrials the notable outperformers. REITs, consumer discretionary, financials trailing. Treasuries little changed to a touch firmer. Dollar weaker vs the majors, particularly sterling. Gold up 1.0% after losing nearly 2% in the prior session. WTI crude up 1.6%.
    • Quiet session with nothing particularly incremental surrounding the higher-profile topics. Earnings beat rates remain elevated but bar also higher. Fiscal stimulus headlines seem to be more noise than news given the still fairly wide gap between Democrats and Republicans over the size and scope of the package. Coronavirus headlines have revolved around the recent pauses in vaccine and treatment trials (though optimism on both fronts remains elevated) and worries uptick in US cases suggest next big wave has begun. Not much new on politics where the key themes as of late have revolved around dampened concerns about a contested election and the potential for a Democratic sweep (though Senate expected to be very close).
    • Bank earnings in focus. BAC-US beat but lower quality as NII/NIM remain pressured. WFC-US mixed with NII/NIM and expenses worse and provisions and fee income better. GS-US had a blowout Q with trading, equity investments and expense control bright spots. USB-US and PNC-US both beat on lower provisions and better fee income. Elsewhere, UNH-US beat but guidance raise may have underwhelmed. ASML-US beat though some focus on slower node transition and lower EUV targets. COP-US reportedly in talks to acquire CXO-US . MDRX-US up big on news it will sell its CarePort Health business for $1.35B. AMC-US hit by bankruptcy concerns.

    Notable Gainers:

    • +30.9% MDRX-US (Allscripts Healthcare): Will sell CarePort Health business to WellSky for $1.35B; said proceeds would be used for investment in its solution portfolio, deleveraging, and significant share repurchases; analysts generally positive.
    • +17.7% NIO-US (NIO): Upgraded to overweight from neutral at JPMorgan; noted China's EV demand likely to quadruple by 2025 with NIO positioned as a leader in the premium market and able to post meaningful upside in the long term.
    • +11.5% CXO-US (Concho Resources): Bloomberg reported that COP-US is in talks to acquire the company; provided no terms but suggested a deal could be announced within weeks; added deal could be year's largest oil and gas takeover.
    • +5.9% NYT-US (New York Times): Initiated at overweight at Morgan Stanley; noted its conviction market-share leadership in paid news will lead to rising scale advantages; sees opportunity to more than double digital-only subscriptions by 2025.
    • +5.0% INFY-US (Infosys): FQ2 earnings and revenue beat with both revenue and operating margin guidance raised; dividend increased by 50% on stronger free cash flow; Financial Services, Retail, Hi-Tech segments the best performers with Digital revenues outpacing Core.
    • +4.9% PPC-US (Pilgrim's Pride): Entered plea agreement with DOJ over investigation into sales of broiler chicken products; to pay fine of $110.5M; WSJ reported penalty cut in exchange for cooperation in case against ex-CEO Jayson Penn.
    • +0.9% USB-US (US Bancorp): Q3 EPS beat with help from lower provisions; NII also ahead with unexpected NIM expansion; fee income a particular bright spot with some focus on a better rebound in payments volume and strength in mortgage banking; core expenses largely in line.

    Notable Decliners:

    • -17.6% AMC-US (AMC Entertainment): Disclosed it would deplete its cash by early 2021 and is considering liquidity measures including additional debt/equity financing and asset sales; Bloomberg reported the company and lenders may be preparing for bankruptcy though the CEO said raising equity capital is the first focus.
    • -4.5% SPLK-US (Splunk): Downgraded to sell from buy at UBS as coverage was assumed; channel checks suggested a sharply lower rate of annual recurring revenue growth than the firm cites, sees valuation inflated.
    • -3.7% WFC-US (Wells Fargo): Q3 earnings missed; NII/NIM below consensus though fee income better on mortgage strength (service charges, card income also solid); lower provision a bright spot but big increase in expenses driven by customer remediation and restructuring charges.
    • -3.2% BAC-US (Bank of America): Q3 EPS beat with help from lower provisions/credit costs and taxes; Investing Banking also ahead; however, NII and NIM remained pressured by depressed rate and soft lending (total EOP loans down 4% q/q); fee income light with trading missing (in both FICC and Equities) vs upside surprises at peers; expenses missed even when excluding legal.
    • -2.1% KR-US (Kroger): Downgraded to equal weight from overweight at Wells Fargo; suggested possible flipsides from pandemic strength including erosion of share gains leading to competitive price cuts; noted valuation no longer compensates for risk from unionized workforce.
    • -1.6% ALB-US (Albemarle): Downgraded to underperform from sector perform at RBC Capital Markets; said near-term lithium pricing outlook remains muted, which could lead to new contracts signed at lower price levels; also cautious on expansion projects given low utilization rates.
    • -1.0% UNH-US (UnitedHealth): Q3 EPS, revenue beat; raised FY20 EPS guidance; Optum earnings a bit light, while ending people served missed in both Medical and Standalone Part D; analysts cautious on domestic medical enrollment, said MLR beat driven by lower utilization.

    09:59:42 AM CDT on 14 Oct '20

    submitted by /u/spacej3di
    [link] [comments]

    Opinions, Is Peloton $PTON still worth it at over $130?

    Posted: 14 Oct 2020 07:41 AM PDT

    Personally, I'm still bullish and believe in the stock, but also feel short term it's way too overvalued and should be priced closer to around $100. I grabbed some back at $60 hoping it'd drop so I could DCA and grab more later, but after watching it rise so rapidly, held off, now it's more than 2x in value, looking for opinions if it's worth it to just pull the trigger and enter more anyway, or wait for the pullback?

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

    Virgin Galactic prepares for the the test launch to space! God speed to them!

    Posted: 14 Oct 2020 11:27 AM PDT

    https://www.virgingalactic.com/articles/virgin-galactic-flight-test-program-update-spaceshiptwo-prepares-for-first-spaceflight-from-new-mexico/

    Launch window starts on October 22nd. Specific flight date not determined yet, but they are on schedule to have this fall.

    The results of the 2 powered test flights of successful will result in full FAA certification for VSS unity spaceship and flying Richard Branson in Q1 2021 which would start there commercial service.

    It's starting to get real!

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

    Anyone heard of the new QQQ Innovation Suite launched by Invesco?

    Posted: 14 Oct 2020 06:41 AM PDT

    I got a notification about it today because I invest in QQQ through TD Ameritrade. Basically there are a total of three new funds being added under the same premise as QQQ by Invesco. A quote from John Hoffman, head of America's, ETFs & Indexed Strategies for a Invesco said "With the launch of the Invesco QQQ Innovation Suite, we are...offering additional ways to access companies on the forefront of innovation."

    Thoughts?

    https://www.invesco.com/us-etf/en/innovation-suite.html?gclid=CjwKCAjww5r8BRB6EiwArcckCx3fnDmN1GhVl3MBuE6fmmr247071ed3399TocVbA6COSmBFno9z_RoC0csQAvD_BwE

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

    China’s resurgence in the stock market + strategy

    Posted: 14 Oct 2020 11:06 AM PDT

    Large OTM plays are once again happening since the beginning of October, causing large amounts of tech companies once again breaking all time highs. Softbank has denied influence. A consquence of this, and the US election/chaos, is that foreign companies are also having a resurgence after tough trade/lockdown talks.

    For example, Chinese plays. Take $NIO, some long dated LEAP calls have been up 150%, with some up 1100%/ $BABA too, reached ATH, with even more bullish sentiment.

    Bridgewater thinks this'll continue, with China having the advantage on the US on a range of economic issues, not excluding stability, COVID, and assured elections. What are your thoughts on Chinese plays (assuming it's not all Lucky Coffee round 2)?

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

    Yugi-Oh and Options

    Posted: 14 Oct 2020 12:55 PM PDT

    Whenever I sell options, I feel like I'm laying down trap cards in Yugi-Oh. For example, at the day of expiration and if I'm in the money.. I'll just sit at my computer and yell "you just fell into my trap card and activated my blue eyes white Dragon!!!"

    Battle damage 2 dollars!

    ...Does anyone else feel the same. Or is it just me.

    submitted by /u/squarehead18
    [link] [comments]

    ARKW has bought 262,768 shares of $NET

    Posted: 13 Oct 2020 11:34 PM PDT

    Check their #47 holding.

    Their position is only 0.53% of their portfolio as of now.

    https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK_NEXT_GENERATION_INTERNET_ETF_ARKW_HOLDINGS.pdf

    This is a big confidence boost to the retail investors, and a small win to the long term holders.

    Thoughts?

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

    QQQM and QQQG

    Posted: 14 Oct 2020 06:27 AM PDT

    QQQM has a lower mer 0.15 then QQQ 0.20. No other difference why wouldn't all the long term QQQ holders switch over to the lower cost option . Has anyone switched ? Any info info on QQQG for long term growth . What is the mer and top ten holdings ?

    submitted by /u/Shaun8030
    [link] [comments]

    What are the most important questions in macro investing at the moment? I can ask a hedgefund manager his thoughts.

    Posted: 14 Oct 2020 10:18 AM PDT

    I have this crazy opportunity to spend an hour a week learning from a hedgefund manager, for a few months. I got the opportunity through supporting his son who has autism.

    I've been learning from him for a few weeks, and he suggested I come to him with questions each week. So I'd like to pick his brain / ask him questions perhaps that all the best investors are trying to answer at the moment. Partly because I'd like to demonstrate some strong intellect and interest aside from the self study I do on markets. But also for my own and the communities knowledge. Happy to make another post on here to share answers.

    Thanks in advance for any help :)

    submitted by /u/bubblebubbler5797
    [link] [comments]

    Thoughts on Boeing stock into the next year?

    Posted: 14 Oct 2020 08:50 AM PDT

    Beginner trader here. I've been in on Boeing for a while now, but haven't seen much change as it hovers around the 160's and 170's. There's a lot of conflicting opinions about this stock's future in 2021 as cases spike, airlines struggle, but vaccines are possibly approaching. Any insight on whether this is worth waiting out for a year or two, or am I wasting money I could be investing elsewhere?

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

    How often should I check my portfolio if most of my holdings are medium to long term?

    Posted: 14 Oct 2020 07:56 AM PDT

    I'm a relatively new trader and have had the bad habit of checking my portfolio and every day (sometimes multiple times a day) and making changes weekly. I recently made some changes so that my portfolio is shaped more for a medium to long term period so I'm not frantically checking every second. That being said, what time interval is a good amount to check back in? Once every 2-3 weeks or longer?

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

    Tesla shares: the price has gone up, but the fundamentals?

    Posted: 14 Oct 2020 07:55 AM PDT

    Is Tesla a bubble? According to some analysts and investors, Tesla is a perfect example of the divorce between fundamentals and the market: shares + 420% YTD, but 'true' numbers say something else >>> https://www.financedrops.com/investing-in-tesla-fundamental-analysis-and-forecasts/

    submitted by /u/Christian-Citton
    [link] [comments]

    S&P 500; when to buy

    Posted: 14 Oct 2020 09:52 AM PDT

    Hi guys,

    Completely new to the stock market. When is a good time to invest in S&P 500 and which one is the best one? Also I see that currently it is on all time high, should I wait until the price drops?

    Thank you so much for your feedback

    submitted by /u/dreaming10
    [link] [comments]

    Companies that are ACTUALLY never going anywhere

    Posted: 14 Oct 2020 04:41 AM PDT

    "They're not going anywhere" seems to be a common phrase thrown around on here when discussing companies, but how true is it really? How many people have said this about companies in the past only for them to decline into irrelevance?

    For the sake of discussion let's say, it's 2070. Which companies that are around right now will still

    1) be around

    2) be profitable

    3) be relevant

    4) not have a major market cap decline, so they have to be worth similar or more than they are now

    5) all 4 of the above must apply in 2020 AND in hypothetical 2070. For the sake of discussion, companies that currently aren't profiting due to covid are allowed as long as they have a history of profiting.

    Which companies do you think make the cut?

    submitted by /u/7thAccountDontDelete
    [link] [comments]

    Ftse 100 Correction potential?

    Posted: 14 Oct 2020 12:12 PM PDT

    Hey guys,

    I have noticed that the Ftse 100 is currently still trading way below pre-Covid levels. Most other indices have recovered to somewhere near their pre-Covid levels and I was wondering if the Ftse 100 would soon be a good buy in the hopes for a return to their ATH at some stage in the future. There is plenty of room for profits if it does go back up. My concern is that this index seems to closely follow the economy of the UK, unlike other indices which do not represent the economy as strongly, such as the S and P 500 which is at ATH even though America is in a bad situation. I understand the weakening dollar has a lot to do with this too, but I am looking for signs of a weakening gb pound maybe or a positive economic outlook.

    Currently the Ftse 100 is around £6,000 with ATH equal to ~ £7,770. Potential gains of almost 2 thousand pounds, very appealing to investors.

    I would appreciate any opinions or comments on this. Thanks!

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

    Is it too late to buy Cloudflare (NET)?

    Posted: 13 Oct 2020 10:17 PM PDT

    Cloudflare has had an incredible run these past 2 days due to the news about Cloudflare One but I'm thinking of still buying it now because it might still continue to run up to earnings at least. Thoughts?

    Edit: So I didn't end up buying NET and instead used that money and bought more NIO instead at market open. Looks like a good decision so far.

    submitted by /u/avi6274
    [link] [comments]

    Peloton Stock Is Soaring. Analyst Says Gains From Pandemic Will Last

    Posted: 14 Oct 2020 01:45 PM PDT

    Peloton Interactive has soared so high in the weeks since it beat Wall Street's expectations for its fiscal fourth-quarter earnings that the stock's stable of bullish analysts haven't been able to keep up.

    Shares of the maker of interactive at-home exercise equipment (ticker: PTON) have soared 459% in the past 12 months. Covid-19 shutdowns accelerated the company's path to profitability, as fitness fans turned to its pricey exercise bikes and $39 a month connected-fitness membership.

    The stock rose 2.9% on Tuesday to hit a record close at $130.97. Though 23 of the 26 analysts listed by FactSet have Buy or equivalent ratings on the stock, the mean price target is only $113.83. That means analysts will likely need to adjust their financial models,giving them a reason to raise their targets for the stock price, or lower their ratings to reflect the idea that they don't expect more gains.

    Baird analyst Jonathan Komp just moved toward the former, raising his price target to $140 from $120 and maintaining an Outperform rating. He pointed to signs that Peloton's momentum is continuing despite gym reopenings and a recovery in the number of people visiting gyms,

    "While we believe PTON had the foundation in place and has executed at a very high level, the accelerated pace of at-home fitness adoption as a result of the pandemic has driven several onetime, but in our view irreversible financial developments, while also attracting broader institutional investor interest to the secular opportunity," Komp wrote.

    Based on web traffic, search interest, and growth in product reviews and on social media sites, he thinks Peloton's strong sales are likely to have continued in September.

    "A continuation of this trend could bolster confidence in PTON's ability to sustain current momentum for longer, creating an open-ended upward bias to estimates for F2021E and beyond," he wrote. "As long as signs of robust fundamentals continue, we are willing to push our target multiples higher."

    To be sure, the bar is high for Peloton's first-quarter earnings report next month. With the stock trading at 7.96 times estimated sales for the next 12 months, according to FactSet, some investors that benefited from its recent run may look to take profits.

    Write to Connor Smith at [connor.smith@barrons.com](mailto:connor.smith@barrons.com)

    Source: Barron's Article

    submitted by /u/Brothanogood
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment