Stocks - r/Stocks Daily Discussion & Technicals Tuesday - Oct 06, 2020 |
- r/Stocks Daily Discussion & Technicals Tuesday - Oct 06, 2020
- BREAKING: Dow falls 240 points as Trump calls off coronavirus stimulus talks until after election
- Apple sues recycling company for allegedly re-selling devices it was hired to scrap
- For the love of God
- Here is a Market Recap for today Tues, Oct 6, 2020. I know I say this a lot but today really was a crazy day! Please enjoy
- Apple Announced Oct. 13 Event!
- Aftermath of stimulus news..
- Stocks set to fall a second day after Trump halts stimulus talks, Dow futures fall 90 points
- About amazon
- Just to cover everything...
- What stocks would perform best as a result of Biden winning the elections?
- $BA- Boeing says coronavirus pandemic to hurt aircraft sales for more than a decade
- What’s going on with Palantir?
- Will stock valuation based on fundamentals ever come back?
- About to go balls deep into MSFT and WMT. Convince me otherwise
- Why does Trump calling off coronavirus stimulus talks affect the market so bad?
- How does Nikola continue to defy the odds?
- House panel proposed a series of far-reaching antitrust reforms
- QCLN OR TAN
- Stock Market Performance and the Presidential Election
- What happened with ENPH (Enphase's) fraud accusation?
- Good First Stocks?
- $15,000 into these stocks, good or bad idea?
- How to control your time management and quality with market research?
- Micron Technology $MU
| r/Stocks Daily Discussion & Technicals Tuesday - Oct 06, 2020 Posted: 06 Oct 2020 01:06 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post. Some helpful day to day links, including news:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions. The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price. TA can be useful on any timeframe, both short and long term. Intro to technical analysis by Stockcharts chartschool and their article on candlesticks If you have questions, please see the following word cloud and click through for the wiki: See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| BREAKING: Dow falls 240 points as Trump calls off coronavirus stimulus talks until after election Posted: 06 Oct 2020 12:03 PM PDT https://www.cnbc.com/2020/10/05/stock-market-futures-open-to-close-news.html Very stable genius, good for the market, smart businessman, etc. etc., [link] [comments]  |
| Apple sues recycling company for allegedly re-selling devices it was hired to scrap Posted: 06 Oct 2020 04:29 AM PDT https://www.foxbusiness.com/lifestyle/apple-lawsuit-selling-devices-recycle Apple is suing a Canadian recycling company for more than $22 million claiming it re-sold more than 100,000 devices instead of disposing of the products as it had been hired to, according to recent reports. The Tim Cook-led tech giant sued GEEP Canada in January alleging that GEEP, which is now owned by Quantum Lifecycle Partners LP, had stolen at least 18% of the more than 575,000 Apple products that it was hired to recycle, AppleInsider.com reported, citing The Logic. The court papers were recently made public, according to the report. Apple is seeking $31 million, or $22.7 million U.S. dollars, court filings confirm, in addition to any profits recovered as a result of the resales. [link] [comments]  |
| Posted: 06 Oct 2020 03:14 PM PDT I am prepared for the downvotes... Not to hurt anyone's feelings, but this page has become increasingly trash. Literally I have become so accustomed to only seeing "I bought XYZ should I hold or sell out?" Instead of seeing more fact based posting/actual good dd of a company, this page had become filled with people who are too lazy or putting little to no effort in doing their own research. No one knows what the market is going to do tomorrow. Stop asking random people what their opinions are and start putting in some effort when you're investing your OWNNNNN money. Please, for the love of God, don't make this page worse. Take it to r/wallstreetbets [link] [comments]  |
| Posted: 06 Oct 2020 01:11 PM PDT PsychoMarket Recap - Tuesday, October 6, 2020 Stocks traded mixed today as market participants digested a host of new developments around Pres. Trump's health after his COVID diagnosis, Chairman Powell's remarks, the prospect for additional fiscal stimulus, and the resurgence of the Virus in some hotspots. The Nasdaq (QQQ) finished the day 1.78% down, the S&P 500 (SPY) finished the day 1.42%, and the Dow (DIA) finished the day 1.37% down. Today, Federal Reserve Chair Jerome Powell gave a virtual address at the National Association of Business Economics' annual address to discuss the Fed's outlook for the economy during this pandemic. In his address, Powell once again (for the hundredth time it seems) reiterated the need of further fiscal stimulus to support the pandemic-stricken economy and promote faster recovery. He said, "The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods." Elsewhere, House Speaker Nancy Pelosi echoed Powell's comments. She said. "Chairman Powell's warning could not be more clear: robust action is immediately needed to avert economic catastrophe from the devastation of the coronavirus pandemic. It is long overdue for Republicans to join us in passing a bill that meets the needs of the American people." At the moment of writing this recap, Pres. Trump tweeted "Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their request, and looking to the future of our Country. I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business." Immediately after this tweet, the markets turned sharply downwards and the VIX turned sharply upwards (VIX is an indicator of market participant's risk sentiment). Pelosi responded by saying, "Trump is not willing to crush the virus" and that "he puts himself before the nation" Trump departed Walter Reed National Military Medical Center yesterday and returned to the White House, just days after entering the hospital on Friday to be treated for Covid-19. White House physician Dr. Sean Conley said Trump had "met or exceeded all standard hospital discharge criteria," while conceding that he "may not be entirely out of the woods yet" in his recovery process. Just four states in the US are reporting a decline in coronavirus cases, according to data from Johns Hopkins University. In Wisconsin, new cases are averaging at about 2,400 daily -- the third highest in the country behind Texas and California. That's up 15% from what the state was averaging in the previous week. At least 22 states are reporting more new cases than the previous week, with many across the Midwest and now increasingly in the Northeast. Highlights
"All I need is within me now!" Tony Robbins [link] [comments]  |
| Apple Announced Oct. 13 Event! Posted: 06 Oct 2020 09:35 AM PDT https://www.cnbc.com/2020/10/05/apple-anounces-iphone-12-event.html Apple just announced a new event, scheduled for Oct. 13, where analysts expect the company ti reveal the new model of iPhones and their 5G capabilities. The event starts at 10 a.m. Pacific / 1 p.m. ET and will be streamed online due to the ongoing spread of coronavirus. 5G is a next-generation cellular network that promises faster data speeds for things like downloading and streaming games and movies. Apple typically announces new iPhones in September, but Apple had previously warned that this year's new iPhones would be delayed, likely due to production delays related to the coronavirus. [link] [comments]  |
| Posted: 06 Oct 2020 02:05 PM PDT So these are my thoughts/ Airlines, banks, hospitality, oil, for the short term, are all screwed. Unless we get some type of vaccine news, these stocks will be treading water or on the way down. Tech, on the other hand, will probably be fine short term. In my view, the news will probably result in a flow of money from the aforementioned sectors and into tech. Today's drop was definitely an overreaction. Long term (lets say, a year), valuations are definitely frothy. I'd definitely take some profits as we start to get closer to a vaccine. Want to hear all of your thoughts.. I realize many of you are longer term investors, but what do you think this means for short term? Any specific winners in next few months? [link] [comments]  |
| Stocks set to fall a second day after Trump halts stimulus talks, Dow futures fall 90 points Posted: 06 Oct 2020 04:02 PM PDT U.S. stock futures moved lower in overnight trading on Tuesday after President Donald Trump called off stimulus talks until after the November election. Dow futures fell 90 points. S&P 500 futures and Nasdaq 100 futures fell 0.32% and 0.25%, respectively. In regular trading on Tuesday, the Dow Jones Industrial Average closed down 375 points after Trump tweeted the White House is halting talks with Democrats about a second coronavirus stimulus deal. Earlier in the session, stocks rallied in hopes that there would be a second relief package to prop up markets as the coronavirus outbreak rages on. "I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business," Trump said in a tweet on Tuesday. The S&P 500 lost 1.4% and the Nasdaq Composite fell 1.57% on Tuesday. "It's just so disruptive," Tom Block, Washington policy strategist at Fundstrat, told CNBC. "There's no going around the president. My view is that this is negative for the market." Some on Wall Street speculated Trump's move was a mere negotiating tactic, while others hypothesized the president truly doesn't think the economy needs another $2 trillion in fiscal spending. Federal Reserve Chairman Jerome Powell said Tuesday the economy needs more aggressive fiscal and monetary stimulus for an economic recovery that he said still has "a long way to go." Powell said the lack of support could "lead to a weak recovery, creating unnecessary hardship for households and businesses" and thwart a rebound that thus far has progressed more quickly than expected. "By contrast, the risks of overdoing it seem, for now, to be smaller," Powell added. "Chairman Powell has said that we need more stimulus, and this is going against the advice of the chairman of the Federal Reserve and the markets don't really like going against the advice of the chairman of the Federal Reserve ... I would not say it's over for good but I would say it's a very negative sign and likely pushes it until after the election," Block added. Cleveland Fed President Loretta Mester said later on Tuesday that the end of stimulus talks means the economic recovery will be "much slower" than originally expected. The Federal Open Market Committee will publish its meeting minutes from its September meeting at 2 p.m. ET on Wednesday. The FOMC made no action on interest rates in September, leaving them near zero. https://www.cnbc.com/2020/10/06/stock-market-futures-open-to-close-news.html [link] [comments]  |
| Posted: 05 Oct 2020 05:25 PM PDT I live in a hillbilly ish suburb about an hour and a half outside Chicago. I had to run to grocery store just now about 7pm on a Monday. The prime truck was at the end of my street as I walked out. I watched it leave the first stop, then onto the guy across from me, then to my Next door neighbor, and literally stood there watching him proceed to hit 5 more houses on my block. Then he turned and appeared to stop at another house on a separate block as I headed on my way. How the fuck is any company going to truly compete with amazon. Unless Walmart plus or anyone just opens a online warehouse for delivery in every region that operates similarly I don't see how anyone can compete with them. I work for a chain retail auto parts company in hodunkville. Cant even tell you how many customers a day try to have us price match amazon or rock auto). Amazon rapes us on everything and many many people already has prime so if we have to order something for a customer what incentive does customer have to order from us and not get it for literally 1/4 of price in many cases. Auto parts are something a lot of people don't realize amazon sells if they aren't a DIY person already. My point is that amazon will take no fucking prisoners and literally wipe the floor with anyone who tried to out innovate them. It makes me honestly think about getting a management position with them in the factory about 30 min from me. God damn bless whoever owns their stock at a low avg because they going to send yo ass to retirement [link] [comments]  |
| Posted: 06 Oct 2020 05:38 AM PDT For all you new investors:
Seriously though, if you think all that and are waiting to get into the market you are going to miss a lot more green days than red days. In fact you may never get into the market. [link] [comments]  |
| What stocks would perform best as a result of Biden winning the elections? Posted: 06 Oct 2020 01:13 PM PDT Assuming Biden wins the election, what sectors would benefit most as a result of his presidency? I'm fairly new but I would assume renewable energy would do well? Maybe even Electric vehicle companies. With what trump just tweeted maybe it's a safe bet on who will win. [link] [comments]  |
| $BA- Boeing says coronavirus pandemic to hurt aircraft sales for more than a decade Posted: 06 Oct 2020 08:56 AM PDT Boeing forecasts 18,350 planes will be needed over the next decade, an 11% drop in expected demand since last year's forecast. Boeing stock is down almost 3% since the news was released an hour ago. [link] [comments]  |
| What’s going on with Palantir? Posted: 06 Oct 2020 01:59 PM PDT https://twitter.com/firstadopter/status/1313102760661995521
https://twitter.com/rmac18/status/1313553759872724994
https://twitter.com/rmac18/status/1313555552404987906
[link] [comments]  |
| Will stock valuation based on fundamentals ever come back? Posted: 06 Oct 2020 01:15 PM PDT By fundamentals, I mean looking at balance sheets, SEC filings, etc... Apple's revenue is less than last year but their stock price has doubled since then. I feel like I can't invest relying on fundamentals anymore this year Anyone here think valuations based on fundamentals will ever come back? [link] [comments]  |
| About to go balls deep into MSFT and WMT. Convince me otherwise Posted: 06 Oct 2020 11:57 AM PDT Only logic being
Seriously considering going 50/50 into these two companies though. This is a long term hold. [link] [comments]  |
| Why does Trump calling off coronavirus stimulus talks affect the market so bad? Posted: 06 Oct 2020 03:03 PM PDT Last stimulus Americans had was a 1 time 1000$ check if I recall (I'm not American so I could be wrong) and yeah sure the big companies got a way out by the government (off course they did, rich gotta be richer) but after that nothing was going on....nothing was done..... so why is it that trump basically saying "I will continue to do nothing" makes the market (us30 in particular but most of my portfolio as well lol) crash so bad ? [link] [comments]  |
| How does Nikola continue to defy the odds? Posted: 06 Oct 2020 01:23 PM PDT I dont have anything invested in it but ive been watching this train wreck for only a few weeks. The CEO is a lying scumbag with zero original ideas or even a basic prototype. The company is being propped up by a GM that likely wants nothing to do with it. Currently they also have no leadership and are insanely overvalued for being 20 years away from producing anything. Its basically another Theranos. Why the hell is this company even still alive? [link] [comments]  |
| House panel proposed a series of far-reaching antitrust reforms Posted: 06 Oct 2020 02:13 PM PDT As someone outside of America who holds (AMZN,AAPL,MSFT) how major is this, especially to amazons growth strategy ? [link] [comments]  |
| Posted: 06 Oct 2020 06:24 PM PDT ...trying to pick a clean energy etf for my tax account ,not sure what to pick ,QCLN is cheaper and has tesla which is good along with nio so a bit more risky as the top 2 holdings, tan is a bit more and lesser div yield and looks to be all solar with a lot of international companies , curious on thoughts? [link] [comments]  |
| Stock Market Performance and the Presidential Election Posted: 06 Oct 2020 01:32 PM PDT First off, it's important to understand that past performance in presidential election years isn't indicative of future performance. With that said, there's so much talk about this presidential election and how that'll affect the stock market that I figured I'd throw some figures out there and hopefully teach the r/stocks community a few things about how the market works during these periods of time. Historically speaking, volatility and market performance during election years is typically below average. Volatility at times this year has been record breaking, but comparing past presidential election year returns to present day show this year is in fact not far off from what we should expect. Over the last 80 years the average S&P 500 return in the election year is about 6%. Compare that to 2020, YTD return for the S&P 500 index currently stand at 4%. There's increasing talk about how the market will perform depending on who wins in November. Historically we can look at a few factors. First, let's look at average returns in the year following the election if the incumbent party win/loses and then the historical stock market return based on which party is in power. When the incumbent president wins re-election (or the incumbent party wins), the average return is about 6.5%. When the opposition party takes power the returns drop in the year immediately following the election down to an average of 5%. Finally, I looked at average stock market returns based on the party that controls the presidency over the last 100 years. During Republican administrations the returns average just north of 6%. During Democrat controlled administrations the return was the highest averaged about 9%. Bottom line, while election years do have a different dynamic, investment decisions shouldn't be based on the election only. Returns during election years aren't far off from historical market returns in general. My advice, forget about the election and invest in what you feel is undervalued or has great growth potential. Don't let the election cloud your judgement. [link] [comments]  |
| What happened with ENPH (Enphase's) fraud accusation? Posted: 06 Oct 2020 07:31 AM PDT I remember seeing it drop to around $40 per share and thinking "wow, thank god I didn't get in. Well now I'm looking at it and it's $90! I guess that fraud accusation had no merit and was in reality, a fire sale for the stock? [link] [comments]  |
| Posted: 06 Oct 2020 07:02 PM PDT Hey, I'm a 15 year old from the Midwest and I'm looking to invest into the stock market this winter. I just want to know what some good choices to invest in would be. I'd prefer ETFs but I'll still consider some blue chip stocks or mutual funds that you tell me about. I'm taking any advice I can get. Thank you! [link] [comments]  |
| $15,000 into these stocks, good or bad idea? Posted: 06 Oct 2020 05:36 AM PDT Costco Amazon(1 share) FedEx Ups Walmart Apple Williams Sonoma Netflix Good idea or terrible idea? Invest now or keep my money liquid and wait til COVID blows over? Put the money in mutual fund instead? TYIA! [link] [comments]  |
| How to control your time management and quality with market research? Posted: 06 Oct 2020 07:29 AM PDT I know it's a loaded question but what do you guys read for market news and where do you feel it's best to invest your time into learning about stocks that may move? I feel like I've missed out on up trends due to just missing an article or news ticker about it. Was hoping to do more consistent research. Thanks [link] [comments]  |
| Posted: 06 Oct 2020 01:56 PM PDT In this with 200 shares as of the dip today. Drop after earnings was due to a bad forecast, however forecasted FCF looks very promising up to 2022. AP turnover took a massive hit but I believe it's priced in. Took everything into account, let's get it. Anyone have anything else to chime in? [link] [comments]  |
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