Stocks - r/Stocks Daily Discussion Wednesday - Oct 28, 2020 |
- r/Stocks Daily Discussion Wednesday - Oct 28, 2020
- This sub is a hilarious read on red days
- European stocks drop and Dow futures slide 400 points as rising COVID-19 cases set to trigger more restrictions
- Apple is quietly building a search rival to Google ahead of the DOJ's landmark antitrust case, according to a report
- Don’t Panic!
- What is going on with V?
- Here is a Market Recap for today Wednesday, October 28, 2020. Please enjoy!
- Why are stocks dropping? Did Wall Street not expect COVID cases to rise anymore? Was this not expected?
- Dow futures sink 500 points as Wall Street grapples with rising Covid cases
- What are you buying for medium term holds during the sell off? Do you have any tips to share? Here's what I bought today, would love some feedback and advice on what others are buying.
- Morning Market Synopsis - Wednesday, Oct. 28, 2020
- First Wave dip vs Second Wave dip
- Is NIO gonna be affected by a US crash?
- Why is CD Projekt's ($OTGLY) trading volume so low?
- Gilead Earnings today after market close, The price target seems to have been set at $61.00 for Gilead Sciences.
- Apple reportedly bought a video AI startup for $50 million as it tries to improve Siri and other apps
- Huge Difference in Revenue between Yahoo Finance and MarketWatch
- U.S. stock market 'fear gauge' VIX jumps to highest level since June
- Did the impossible: Bought lower than day low
- My delta score is higher, but their profit today is higher??
- SPY Puts During Election Week
- Trading Disney stocks
- The short squeeze of GME and how to play it
| r/Stocks Daily Discussion Wednesday - Oct 28, 2020 Posted: 28 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. [link] [comments]  |
| This sub is a hilarious read on red days Posted: 28 Oct 2020 08:07 AM PDT A lot of funny doomsday threads and panic sellers. Red days are part of the process--especially after one of the fastest bull-runs in history. If we tank again, we tank again and then you can buy twice as much Apple as you otherwise would've been able to. Red days are the days that make you wealthy. [link] [comments]  |
| Posted: 28 Oct 2020 04:55 AM PDT European stocks fell for a third-straight session on Wednesday, with U.S. equity futures also sliding as investors juggled another busy earnings day and braced for more restrictions to come from rising coronavirus cases on the continent. [link] [comments]  |
| Posted: 28 Oct 2020 07:44 AM PDT Users who downloaded iOS 14, the latest iPhone operating system, noticed that Apple now shows its own results when users search on their home screen. Clicking on links takes users directly to the website in question, rather than through another search engine. This isn't Apple's first move into the world of search engines. In April 2018, the company hired John Giannandrea, who was formerly Google's head of search and one of its most powerful people, to work on its AI services. Google has described losing the Apple deal as a "code red" scenario, the DOJ lawsuit, filed October 20, claimed. The deal brings in around half of Google's US site traffic, the DOJ said – and as much as 20% of Apple's profit. [link] [comments]  |
| Posted: 28 Oct 2020 07:53 AM PDT Okay yes DJI is down 5.5 percent this week. Just remember even if you are in the red it's a leg term hold. It all going to be okay maybe a month after the elections. Don't panic but use it to better yourself and buy stocks you have been eyeing. [link] [comments]  |
| Posted: 28 Oct 2020 05:31 AM PDT Visa is dropping steadily since October 9. What is everyone's take on this? Visa is normally a stable stock. I cannot seem to find any rationale for this. Perhaps with businesses failing so does credit card usage. But I use my Visa cards more now than ever before (Visa credit and Visa debit). Its about the only things I pay with. Edit: MA as well. I was only looking at V earlier as this is one I hold. [link] [comments]  |
| Here is a Market Recap for today Wednesday, October 28, 2020. Please enjoy! Posted: 28 Oct 2020 01:16 PM PDT PsychoMarket Recap - Wednesday, October 28, 2020 Losses in the stock market accelerated today as market participants nervously eyed rising coronavirus case counts in the US and Europe, the presidential election a mere 6 days away, and developments out of Washington regarding stimulus. The Nasdaq (QQQ) slid 3.90$ down, the S&P 500 (SPY) fell 3.41%, and the Dow Jones (DIA) fell 3.35%. In the United States, there were 73,240 coronavirus cases reported yesterday, according to Johns Hopkins University. Alarmingly, the average number of daily new cases in the US rose 21% compared to the previous week. According to an article from CNN Health, the surge is hitting all parts of the country, with 40 states reporting at least a 10% increase in daily average cases, compared to last week. Dr. Ashish Jha, dean of Brown University School of Public Health, said, "Cases are rising quickly. If we go back about six, seven weeks ago to Labor Day, we [the United States] were at about 35,000 cases a day." U.S. hospitalizations related to COVID-19 have risen by at least 10% over the past week across 32 U.S. states and Washington, D.C., according to data compiled by Bloomberg. One good thing is the FDA approval of remdesivir, a therapeutic developed by Gildead (GILD) that was used to treat the president. In Europe, the average number of daily cases rose by 33% compared to last week, accounting for the greatest proportion of new cases in the world, according to data compiled from worldometer.info. France is the hardest hit country in Europe. On Tuesday, it reported more than 33,400 new cases and 523 coronavirus deaths in 24 hours, as well as a net increase of 74 admissions to intensive care, bringing the total to 2,918, over half the country's overall capacity of 5,800. French President Emmanuel Macron announced nationwide restrictions for the next four weeks. Germany joined France, imposing its own four-week nationwide lockwide, which includes curfew and restrictions on businesses like gyms, bars, restaurants, hairdressers etc. Yesterday, President Trump publicly acknowledged that an agreement on additional stimulus would not happen until after the election. While he signaled that his administration was still willing to negotiate, with the election a mere 6 days away, the chances of stimulus passing before then are practically zero. Highlights
"Live as if you were to die tomorrow. Learn as if you were to live forever" -Mahatma Gandhi [link] [comments]  |
| Posted: 28 Oct 2020 07:42 AM PDT I don't understand why stocks are being sold off now, as if this is something new and unexpected. With the 1st wave it was understandable as there was a lot of uncertainty and unknows but now that we've lived through it, I felt like everyone knew what was coming and repeating this winter. I also understand that there will again be lots of newly unemployed people, less spending, less cash flow and so on... but this should've been "priced in" before now? [link] [comments]  |
| Dow futures sink 500 points as Wall Street grapples with rising Covid cases Posted: 28 Oct 2020 04:48 AM PDT https://www.cnbc.com/2020/10/27/stock-market-futures-open-to-close-news.html Any input on how long this trend will last? Seems like this weeks been rough in the market (unless you got puts like me :P) [link] [comments]  |
| Posted: 28 Oct 2020 01:06 PM PDT Just curious to see what others are buying this week on this sell off. Or if you're holding longer to buy? I'm jumping in bit by bit. I bought this today and will wait a few days to decide to buy more or hold. AT&T (T) 100 shares @ 26.50. They're basically at their one year low. I know Directv isn't doing so hot but they've got upside on their cellular service side and with HBO and their streaming. I think it's a decent bet that will see a bump. Pre-coronavirus they were maintaining a $37 average. Wells Fargo (WFC) 50 @ 21.30. I thought about just selling a secured put on this and then waiting to see if I get assigned, but the premiums are not really worth the wait and typing up capital that long. I hope to sell these relatively soon for a small profit. I don't plan on holding long. Carnival Cruise Lines (CCL) 50 @ 12.42. Thinking I should have waited a few more days on this one, but went ahead and jumped in. I have bought CCL quite a few times on dips this year and held for a few days to a few weeks and sold and made some money. The current price is lower than all my previous buy ins. They're saddled with debt and won't get any bailouts but if we get a vaccine I think travel stocks are going to bounce quickly and this is a hard hit one. MasterCard (MA) 4 @ $294. I only picked up 4. This was kind of an impulse buy, but I'll hold for a few days to see how long the selloff continues. What are you doing right now? What did I do that was stupid? I'm open for critique. [link] [comments]  |
| Morning Market Synopsis - Wednesday, Oct. 28, 2020 Posted: 28 Oct 2020 07:34 AM PDT US equities lower: Dow (2.81%), S&P 500 (2.89%), Nasdaq (3.11%), Russell 2000 (2.63%)
Notable Gainers:
Notable Decliners:
09:28:54 AM CDT on 28 Oct '20 [link] [comments]  |
| First Wave dip vs Second Wave dip Posted: 28 Oct 2020 10:00 AM PDT I'm sure there is a lot of hindsight regret in not buying during the dip in March. My question is now that the Second wave is approaching (if not already here) in conjunction with the stimulus delay, are you going in heavy this time around? I'm still a bit hesitant as I think it's important to recognize recovery trend from first wave does not guarantee recovery trend after second wave. For example if DIS fell back down under 100, we'd all probably would love to jump on it seeing how it was on the road to recovery even during the pandemic. However the question would be how much longer can it continue to burn cash without the parks being open. Also one factor of its recovery was a huge surge in Disney plus subscriptions. If the stock falls back below 100, that would all be priced in. For longterm holders this is might be much ado about nothing. However if you're looking more short term what are your thoughts? [link] [comments]  |
| Is NIO gonna be affected by a US crash? Posted: 28 Oct 2020 08:22 AM PDT After all the hype, I'm considering buying some NIO in this dip. It didn't seem to be affected by the crash of March, I don't see why it would be if the US market crashed now, since it only sells to the Chinese market (who have CV under control). Does this seem like sound logic? [link] [comments]  |
| Why is CD Projekt's ($OTGLY) trading volume so low? Posted: 28 Oct 2020 06:04 AM PDT CD Projekt's ($OTGLY) volume is generally in the 10s of trades a day. I realize it's a Polish company, but with the crazy anticipation of CP2077, I would have expected this to be much higher. Is this volume in line with similar types of companies? [link] [comments]  |
| Posted: 28 Oct 2020 12:18 PM PDT Gilead earnings after hours today The stock price is at $59 https://kuberspeaks.com/tickerdetail-GILD https://finance.yahoo.com/quote/GILD?p=GILD&.tsrc=fin-srch With a current rating of Neutral, UBS initiated coverage on Gilead Sciences Inc (NASDAQ: GILD). The price target seems to have been set at $61.00 for Gilead Sciences. Gilead Sciences earned No EPS Value in the third quarter, compared to $1.75 in the year-ago quarter. The current stock performance of Gilead Sciences shows a 52-week-high of 85.97 and a 52-week-low of 59.395. Moreover, at the end of the last trading period, the closing price was at $60.01. The estimated EPS is $1.95 which much higher than the last 3 quarters and with the acquisition of Immunomedics, the future earnings and guidance should be much higher. Why the stock is not moving? [link] [comments]  |
| Posted: 27 Oct 2020 08:11 PM PDT Apple added to its rapidly growing artificial intelligence portfolio earlier this year by acquiring Spain-based AI video startup Vilynx for approximately $50 million, Bloomberg reported Tuesday. Vilynx, headquartered in Barcelona, built software that leverages computer vision to analyze a video's visual, text, and audio content with the goal of "understanding" what's in the video, which helps it categorize and tag metadata, generate automated video previews, and recommend related content, according to an earlier version of its website. Apple has made significant inroads in the AI space over the past few months, acquiring UK-based Spectral Edge last December, Seattle-based Xnor.ai for $200 million in January, and Voysis and Inductiv in April and May to help it improve Siri. Apple has a habit of quietly purchasing smaller companies. In 2018, CEO Tim Cook said in interview that the company had bought 20 companies over a six-month span, while only six were public knowledge. [link] [comments]  |
| Huge Difference in Revenue between Yahoo Finance and MarketWatch Posted: 28 Oct 2020 11:51 AM PDT I am trying to do some DD on a stock (NYSE: HASI). When looking at their financials, YF and MW have the same revenue value for 2019 ($141.5M). But when I look at previous years they differ massively. For example in 2018, YF has a revenue of 83.1M, but MW has 139.4M. Any idea why this might be? Am I missing something? [link] [comments]  |
| U.S. stock market 'fear gauge' VIX jumps to highest level since June Posted: 28 Oct 2020 11:47 AM PDT NEW YORK (Reuters) - The Cboe Volatility Index , known as Wall Street's "fear gauge," surged on Wednesday to its highest level in more than four months. In morning trade, the VIX was last at 40.35, its most elevated since June 15, as the benchmark S&P 500 .SPX stock index fell nearly 3% amid worries about the sharp rise in COVID-19 cases in the United States and Europe. [.N] Along with the pandemic, concerns about stalled efforts in Washington toward further fiscal stimulus measures and the outcome of Tuesday's U.S. presidential election have helped to boost the VIX. The index has surged more than 12 points this week and is on track for its biggest weekly points gain since mid-March, during the sell-off that confirmed the end of the previous bull market. VIX futures, which have long reflected expectations for higher volatility around the election, also rose. Earlier in the session, December futures VXZ0 touched their highest level since they began trading in March. Even so, the VIX itself is now trading at a significantly higher level than the futures, an indication that near-term concerns have dwarfed worries further out on the calendar. The coronavirus has become the top concern for market participants, Arnim Holzer, macro and correlation defense strategist at EAB Investment Group, wrote on Wednesday. "Lockdown potential is concerning investors and overwhelming even election issues," he said. [link] [comments]  |
| Did the impossible: Bought lower than day low Posted: 28 Oct 2020 01:25 PM PDT So somehow did the impossible today: buying SOXX at $301.52 (2nd screenshot) while the day low is recorded at $301.56 (1st screenshot). This was done during regular market hours so not sure it didn't register. I've checked across Webull, Fidelity and RH. Anyone know why it wouldn't be recorded? [link] [comments]  |
| My delta score is higher, but their profit today is higher?? Posted: 28 Oct 2020 07:18 AM PDT So my $55 strike with sony has much higher delta score than the strikes at the money (about $80). I would expect the value of my contract to benefit more when stock price goes up. However, while mine is up 8% today, contracts that were just merely in the money yesterday (which have a much lower delta score) are up by 9.5% [link] [comments]  |
| Posted: 28 Oct 2020 09:55 AM PDT The Puts next week are going through the roof today, which obviously makes sense, but who believes this trend continues into next week with AMZN, FB, etc. about to report earnings? Microsoft's reaction doesn't make me feel confident in Calls. I've never explored Puts but am tempted. [link] [comments]  |
| Posted: 28 Oct 2020 09:48 AM PDT I'm extremely new to the world of investing, but when I was a kid a family member would buy me Disney stocks every year which I still own. I believe they are currently worth around 10.5k, but I imagine are not currently the best investment to maximize my returns down the road. Through advice from some coworkers, I've been looking into trading them for a stock with more growing potential, Tesla being the most popular suggestion. Is trading these stocks in truly my best option, and if so, would Tesla be the way to go? Thanks in advance! [link] [comments]  |
| The short squeeze of GME and how to play it Posted: 28 Oct 2020 05:43 AM PDT I have recently just gotten back into trading after deciding I need a down payment for a home. I used to trade a couple years ago but our dear leader made me bearish so I pulled out and called it quits for a while. I have to choices I am eyeballing. I have about $750 I can use for these mathematical gymnastics. But it boils down to 2 choice. Do I purchase stocks themselves or buy calls and go about it that way?
I understand this isn't a smart decision, I'm not here for one of those lol. I am also not looking to maximize returns to the greatest dollar, just enough to make a few bucks. How dumb am I right now? [link] [comments]  |
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