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    Stocks - r/Stocks Daily Discussion Wednesday - Oct 07, 2020

    October 07, 2020

    Stocks - r/Stocks Daily Discussion Wednesday - Oct 07, 2020

    r/Stocks Daily Discussion Wednesday - Oct 07, 2020

    Posted: 07 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
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    Stock futures up as Trump's tweets on stimulus become erratic

    Posted: 07 Oct 2020 05:03 AM PDT

    I knew the weeks leading up to the election were typically volatile, but not like this... A few hours after he shutdown negotiations, he is now making demands to pass a $25B package for airlines and another round of $1.2K. Keep your hands/portfolios steady.

    https://www.washingtonpost.com/us-policy/2020/10/07/trump-congress-stimulus-checks/

    submitted by /u/investstayhumble
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    I’m heavily invested in ICLN and you should be too

    Posted: 07 Oct 2020 07:37 AM PDT

    My largest single portfolio piece is shares of ICLN, a clean energy ETF comprised of 30 highly liquid clean energy businesses, mostly concentrated around residential solar and hydrogen fuel cells (PLUG is an example).

    I currently have about 13% of my portfolio in ICLN and I'm nearly at 70% return for the year. There are a lot of reasons to want exposure to renewables that we've discussed before. Here's why I think you should invest in ICLN and do it before the end of October

    1. Most renewables (particularly solar) are actually cost competitive with almost every other form of energy. In most of the US, the cost of residential solar per kWh is less than half of the kWh cost of utility generated power. This is beginning to put tremendous pricing pressure on oil and natural gas. The long term economics favor wind and solar.

    2. State corporation commissions are rolling out robust renewable energy and efficiency standards, including states that haven't traditionally espoused political interest surrounding climate change. Arizona for example recently unveiled a major REST update that will substantially accelerate the states transition to renewables.

    3. Major renewable energy companies like PLUG and RUN are maturing. The solar industry in particular burned a lot of investors as young companies struggled to establish themselves in a volatile market heavily reliant on government subsidy. That's no longer the case. There are several mature market players that are highly stable, have dynamic leadership, and have proven they can execute amidst changing market conditions. They are well represented in ICLN.

    4. The politics of climate change are settling. This year alone Pew found that 67% of Americans don't believe government response to climate change has been good enough, 63% believe stricter environmental laws are worth the cost, and for the first time in history a majority of Americans identify climate change as a major issue for them. That's important because...

    5. Joe Biden is going to win the election. This might bring some heat, but I don't care. Even a polling error of the same magnitude of 2016 results in a resounding Biden win. The election is actively happening and Biden is winning in every major battleground. This is why timing is important - a Biden administration (with a narrow democratic majority in the senate) will be caged in on what they can accomplish. An easy political win with bipartisan appetite includes major infrastructure/energy investments, extensions of tax credits for renewables, and a return to reciprocal trade policy on renewable imports. I expect the entire sector to surge with a Biden win. Like it, hate it, I don't care - this has nothing to do with my politics and everything to do with my bottom line.

    submitted by /u/PamAnderson360
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    My Renewable Energy Portfolio Update

    Posted: 07 Oct 2020 11:01 AM PDT

    Hi everybody. I made a post last month with some brief information on the renewable stocks that I'm invested in.

    Here's the link to that: https://www.reddit.com/r/stocks/comments/ice312/a_guide_for_those_looking_to_invest_in_renewable/

    I'm going to update you all on my portfolio allocation and any important news from the companies. The stocks are listed in order by % of my renewable portfolio.

    NOTE: I've added to several of my positions and increased my cost basis so my personal % gain might be down in some of these stocks despite drastic price appreciation.

    Tesla (TSLA) : (19% gain from my last post) (654% gain total)

    (41% of my renewable portfolio)

    I'll focus on recent updates from Tesla's solar business because this post is about renewables. First of all, battery day in September announced plans with a future goal of 56% price reductions in Tesla LIO batteries. This applies to Tesla's energy storage business and will make their Powerpack and Megapack the most affordable energy storage solutions in the market. They've also cut prices on their solar panels and solar roof products.

    Tesla is still a strong buy in my opinion. It's incredibly volatile but in the long term I see Tesla being the most valuable company in the world.

    SolarEdge (SEDG): (32% gain from my last post) (88% gain overall)

    (12% of my renewable portfolio)

    There isn't much recent news from SolarEdge. They continue to dominate the global inverter market and have been given a series of analyst upgrades. The only notable piece of news of late is a $550 private stock offering to raise money for future expansion.

    I'm still bullish on SolarEdge and I believe they will be crucial in the renewable future. I added several shares and more than doubled my position in September when the stock price dropped under $200. However, they trade at a premium P/E ratio right now and are overvalued by most traditional metrics. If you are a long term investor I think you'll be rewarded for buying in at these prices but don't be too surprised if there's a stock price correction in the near future.

    Canadian Solar (CSIQ): (59% gain since my last post) (74% gain overall)

    (9.20% of my renewable portfolio)

    Canadian Solar also had a private stock offering of $200 million to raise capital recently. They sold a solar project to BluEarth Renewables and are announced another project in Mexico. The big piece of news here is that they are preparing a "Carve out IPO" of their Chinese module and systems solutions business. This allows investors in China to own part of this specific subsidiary of CSIQ. It provides Canadian Solar with additional capital to expand in China, which is the world's largest solar market.

    Canadian Solar has also seen industry consolidation towards the top players in module manufacturing, which includes themselves. This is a great trend for their future prospects. I added a ton of CSIQ when their stock price dropped in September. I'll keep adding on any dips.

    Yes, Canadian Solar's stock has gone up tremendously in the past month. However, they are still undervalued in my opinion and trade at a measly P/E ratio of under 10. This is another long-term hold for me if you're willing to ride out the volatility.

    Jinko Solar (JKS): ( 136% gain from my last post) (182% gain overall)

    (8.3% of my renewable portfolio)

    Jinko Solar reported a blowout quarter last week, beating on earnings by 97%. In other news, they are set for an IPO of their subsidiary in China's stock market. This has further increased their stock price and led to additional capital for expansion. Jinko is another company poised to benefit from industry consolidation, specifically in China. They've begun developing projects in Vietnam and Japan, plus they have many more in their pipeline.

    Jinko has shot up an absurd amount recently. It seems like every day they're up another 10%. I'm expecting a slight correction in the short term, but you could miss out by not buying at these prices. Overall, I think Jinko has unique access to the Chinese Solar market and will continue to grow their top and bottom lines for their foreseeable future. Because of this, I consider Jinko a long-term buy and hold even at these new prices. They still only trade at a 13 P/E ratio and it seems like the market is finally starting to increase these companies' ratios.

    Enphase Energy (ENPH): (41% gain from last post) (83% gain overall)

    (7.20% of my renewable portfolio)

    Since my last post, Enphase has announced several new projects which investors have reacted positively to. Enphase's microinverters will help power projects in Australia, New Hampshire, Mexico and Minneapolis. Furthermore they are increasing production of their IQ7 inverters in Europe and Australia. This international expansion comes as a big plus, because they have a large market share in the United States, but could use some international diversification.

    Overall, it's been only good news from Enphase which has led to a stock price increase. Inverters are a great way to invest in renewables and Enphase is poised to be one of the greatest beneficiaries of the impending solar boom.

    TPI Composites (TPIC): (6% gain from last post) (49% gain overall)

    (6% of my renewable portfolio)

    TPIC gets very little news coverage and there's been no recent news. I'd recommended viewing their investor relations presentation and reading my last post. One of their EV partners who I can't name on here or this post will get removed (rhymes with LurkMorse) has expanded production which will benefit TPIC. Also the wind market has seen increased demand in Q3 which will probably be reflected in TPIC's earnings.

    Everything that I said in my last post still stands. TPIC is exciting to me although the low margins are a bit concerning. I think they are a good pure wind investment and there aren't many out there.

    Vestas Wind (VWDRY): (18% gain from last post) (122% gain overall)

    (5% of my renewable portfolio)

    Vestas has reported a number of wind turbine sales in countries such as India, Russia, China, Poland, USA, Vietnam, Egypt, Netherlands, Greece, Columbia & more since my last post. They continue to be a consistent beast in the wind market.

    If you want to diversify into Wind, this is the company to do it. Their share price has gone up over the last year but I don't see that stopping any time soon.

    BrookField Renewables (BEPC): (31% gain from last post) (37% gain overall)

    (4% of my renewable portfolio)

    The only news out of BrookField Renewables recently is a $325 million secondary offering. They are a dividend play and have historically outperformed the market. Read up on my last post and their IR page for more info but I recommend BEPC if you're risk averse and like dividend stocks.

    Hannon Armstrong (HASI): (16.40% gain from my last post) (12% gain overall)

    (3.90% of my renewable portfolio)

    HASI is the only new renewable company that I've bought since my last post. They are a REIT and pay out most of their earnings as dividends. Look up their investor presentation if you're interested but they invest in climate change infrastructure, including the land under renewable energy projects.

    I'm inclined to add to my investment in HASI to diversify a bit. Much like BEPC, HASI holds less risk and great dividends.

    First Solar (FSLR): (5.6% gain from my last post) (33% gain overall)

    (3.80% of my portfolio)

    First Solar also announced a secondary offering to raise capital. Other than that the only news is a new project in Chile.

    First Solar has ran less than the other module manufacturers listed above and remains a dominant player in the U.S. market. I consider them a long term buy and hold at these prices.

    SUMMARY: 155% total gain (75% gain excluding Tesla)

    We have seen recent stock offerings from several of these companies to raise capital. This to me signals an expectation of increased demand in the future, as this capital will be used to expand production.

    The election and Biden's climate plan is a major factor in why these companies have run so much as of late, but regardless of the election outcome, a renewable energy boom is inevitable. If Trump wins I expect a short-term pullback in several of these companies so look out for that. Either way though these companies are long-term 10 year holds and you shouldn't be concerned with short term swings. Any dip is a buying opportunity unless fundamentals change.

    If you believe that renewables are the future, I highly recommend taking matters into your own hands and investing in these companies or other renewable companies. There are also several great ETFs, TAN is probably my favorite out of these.

    submitted by /u/Evil____
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    Billionaire Chamath Palihapitiya says Tesla is still undervalued as people continue to misunderstand its 'fundamentally disruptive' technology

    Posted: 07 Oct 2020 04:32 AM PDT

    https://markets.businessinsider.com/news/stocks/tesla-stock-price-analysis-billionaire-chamath-palihapitiya-undervalued-disruptive-misunderstand-2020-10-1029653208

    "Tesla continues to be underestimated," the Social Capital CEO said. "I think it is generally misvalued, and I think the people that are trying to compete with them are not the people they are competing with."

    "The value of this business is about deregulating energy. That's about batteries and battery storage, and it's about disrupting utilities," he said. "It is about the combination of hardware and software that will give all of us individuals the ability to be energy independent, and I think that is a fundamentally disruptive thing."

    While many investors were disappointed at Tesla's Battery Day event last month, Palihapitiya said he thought the "complete opposite." The investor said Tesla didn't just show a legitimate path for selling cars but demonstrated that the "disruption of utilities" is two to three years away.

    submitted by /u/coolcomfort123
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    CRSP cofounder Emmanuelle Charpentier wins Nobel Prize in Chemistry for gene editing

    Posted: 07 Oct 2020 06:21 AM PDT

    Emmanuelle Charpentier was awarded the Nobel prize for her work on CRISP-Cas9: https://www.npr.org/2020/10/07/921043046/2-female-scientists-awarded-nobel-prize-in-chemistry-for-genome-editing-research

    This is the technology that is being commercialized by the company Crispr Therapeutics: http://www.crisprtx.com/gene-editing/crispr-cas9

    Charpentier is listed as a co-founder and scientific board advisory member: http://www.crisprtx.com/about-us/leadership/category/founders-scientific-advisors

    I posted about valuing a company like CRSP a few months ago: https://www.reddit.com/r/stocks/comments/i5qv5i/how_to_value_a_company_like_crsp/

    This is still a highly speculative stock with no real revenue sources. But in this stock market of pure hype, this could see a run today (combined with the BofA bullish outlook).

    CRSP is also a big ARKK holding: https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK_INNOVATION_ETF_ARKK_HOLDINGS.pdf

    submitted by /u/radarbot
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    What's going on with FSLY?

    Posted: 07 Oct 2020 12:19 PM PDT

    It's up 16% without any news, or I am missing anything?

    It's marketcap almost catch up with NET now.

    Meanwhile NET is still stagnant at $40-43 range. Considering both are in the same field, and Cloudflare has been in the market longer, have more customers, and having higher revenues every quarter.

    I am holding both, but wondering what's going on today with FSLY.

    submitted by /u/fairytailzz
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    $DDS Dillard’s over 100% short interest, Massive insider buying

    Posted: 07 Oct 2020 10:12 AM PDT

    Was over $80 in January. Between shares locked up in funds and owned buy insiders there's more than 100% of available float SHORT. Borrowing costs just went over 100% which means someone's being "bought in" and the squeeze has begun.

    Insiders have been adding since August and the company itself has been buying back shares non stop since $60.

    Massive Short Squeeze with potential above $60 currently at $41.

    I am long.

    submitted by /u/DMoneyFree
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    [DKNG] Dilution isn't over. Per Barron's, 32 million shares sold on Tuesday. Another 95 million (estimated) could come on Oct 20.

    Posted: 07 Oct 2020 11:06 AM PDT

    Per Barron's Story Here, another 95 million shares are expected to be sold on Oct 20th (in addition to 32 million shares sold on Tuesday). So you should wait on buying.

    submitted by /u/ninkorn
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    Brand new Tesla Model Y's roof flew off on highway

    Posted: 07 Oct 2020 06:14 AM PDT

    The entire glass roof of a brand new Tesla Model Y just flew off on a California highway after the car was purchased only for a few hours. The Tesla service rep said it could be due to faulty seal or they just simply forgot the seal completely. The owner declined the free repair and said he will purchase a different vehicle.

    According to JD Power latest survey, Tesla is ranked the worst in term of quality control. As Tesla relentlessly chases target delivery number, will this cause more quality control issue and turn off potential buyers? Probably yes because investors love to see higher and higher delivery number.

    https://www.theverge.com/2020/10/5/21502379/tesla-modely-roof-flies-off-convertible-quality-issue

    https://electrek.co/2020/06/16/tesla-model-y-quality-issues/

    https://apkmetro.com/tesla-quality-falls-short-in-j-d-power-car-survey/

    submitted by /u/learner4f
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    GOOG lagging

    Posted: 07 Oct 2020 08:23 AM PDT

    Thinking of selling my GOOG shares and putting the money in QQQ or AAPL, or something else.

    GOOG used to be considered the tech leader, but it seems to have really become what Microsoft was in the 90s-2000s.

    FB also seems to be lagging behind, but their stock is (still?) going up; maybe because of insta. Thoughts on GOOG and to a lesser extent FB?

    submitted by /u/profit_stonks
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    ENPH starting to get overvalued?

    Posted: 07 Oct 2020 07:02 AM PDT

    Got in at $45. It had a huge run up over the last month, and I'm starting to wonder whether it's a bit optismistic or not. Their current PE ratio is 65, EV/ebitda 95 and price to operating cash flow of 60.

    On the other hand, they're shifting into a home energy management systems company.

    Curious to hear what other people have to say about this.

    submitted by /u/Avaronah
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    Wendy's

    Posted: 07 Oct 2020 10:48 AM PDT

    I have noticed that Wendy's seems to be very busy the past few months. Nearly everytime I go to the drive though it is packed. This is not just in one city but in multiple cities. So, I have been buying the stock. I think Wendy's is benefitting from the pandemic as people want somewhat higher quality fast food but they don't want to go to full service (too expensive to do often, and not as convenient as Wendy's drive thru).

    From my own anecdotal observations, it seems that Wendy's is the busiest of all the fast food chains. Thoughts?

    submitted by /u/SeriousPuppet
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    Portfolio balance

    Posted: 07 Oct 2020 12:48 PM PDT

    Hey,

    Im new to investing as of September 1st (i got slaughtered right away from the tech bubble :( but were coming back.)

    I was wondering if this looks like a decent distribution. Total invested ~11k

    AAPL- 16%

    ICLN - 19%

    MSFT - 9%

    PEP - 2%

    VOO - 28%

    VYM - 19%

    WMT - 6%

    Thanks!

    submitted by /u/Prayqt
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    Financial independence: The ten largest debt free companies by market cap (1. Facebook, 2. Accenture, 3. Zoom, 4. Shopify ..... )

    Posted: 07 Oct 2020 10:05 AM PDT

    Here they are courtesy of Brian Feroldi on Twitter.

    ​

    1. Facebook
    2. Accenture
    3. Zoom
    4. Shopify
    5. Intuitive Surgical
    6. NetEase
    7. ZTO
    8. Lululemon
    9. Monster Beverage Co.
    10. Veeva Systems
    submitted by /u/AngelaQQ
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    Wells Fargo gave NOG $10 PT

    Posted: 07 Oct 2020 08:13 AM PDT

    Wells Fargo analyst says NOG could nearly double -- On watch -- https://finance.yahoo.com/news/wells-fargo-3-strong-buy-143959823.html

    submitted by /u/StockyJ122
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    Why is DraftKings offering public shares and what does it mean for investors?

    Posted: 07 Oct 2020 05:31 AM PDT

    I saw yesterday that DraftKings is offering an "additional" 32 million shares at a price of $52. What does this mean and why is it apparently back for the stock (down 12%)? I'm not a shareholder, just curious why something like this appears to be a had thing for investors.

    submitted by /u/Scrubbadubdoug
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    Isn't $SNE (Sony) quite cheap?

    Posted: 07 Oct 2020 02:40 AM PDT

    A price of $73-74 puts Sony at a valuation of around $92-94 billion, which is maddening in my eyes considering the fact that: (I will be converting some values to USD from Yen)

    1. As of last earnings they had cash equivalents at 15 billion USD.
    2. As of last earnings they had roughly 20 billion USD in gross revenue, with 2 billion USD net income.
    3. Are involved in 6 industries of which most (Games Publishing, Music, Camera Lenses, Electronics Manufacturing, Financial Services) have strong guidance to grow in the next quarters (even more so due to COVID).
    4. PS5 has seen strong hype and is expected to perform well, so this can't hurt.

    Thoughts?

    submitted by /u/iBifteki
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    What happens to shares if a company is forced to break up?

    Posted: 07 Oct 2020 12:37 PM PDT

    Say the government finds Facebook to be guilty of a monopoly and forces Instagram to become its own entity. Would a shareholder of Facebook also receive a share of this newfound Instagram company as well?

    submitted by /u/ovensandhoes
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    Renewable energy recent spark

    Posted: 07 Oct 2020 12:20 PM PDT

    Ive been keeping track of renewable energy stocks to invest soon but what has happened this past 2 weeks? All of the sudden there is a spark and some have grown upwards to 50% in half a month. I know this has been going for pretty much all year after the crash but what is make it grow this much so quixkly? Havent heard any news recently that would make people extra bullish on green energy.

    submitted by /u/AronwithoneA
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    Health care industry is undergoing a massive revolution.

    Posted: 07 Oct 2020 10:44 AM PDT

    With the worst global health crisis of our lifetime showing no signs of slowing, I heard that the massive $11.9 trillion health care industry is undergoing a massive revolution. All thanks to the high-tech shift innovation of virtual healthcare.

    Along the way, it is said that it's creating a QUARTER TRILLION DOLLAR opportunity for Canadian-based companies. A recent poll says approximately 76% of consumers say they're moderately or highly interested in using telehealth as compared to 11% in 2019, according to McKinsey & Co.

    Do you want to be a part of this market that possibly change the world?

    submitted by /u/PreciousAmping32
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    Red/Green Handling Gains and Losses (+$558k in a day)

    Posted: 07 Oct 2020 07:38 AM PDT

    First of I have posted several Posts regarding this. I've mostly posted losses and tried to show that those losses are temporary. I've also learned that posting without numbers doesn't get high traction. In order to spread the advice as high as I can I'll include numbers from now on. For example my latest investment has almost no traction. But I want people to get all the information. My latest investments are only a couple days old and already profitable. Anyone who would've emulated me would have made money. Now I feel bad for not trying to spread it more.

    Anyways this particular post is for any questions regarding Stress while trading, Trading Strategies, How to find investments, evaluating investments, etc. Just ask per comment or chat me privately.

    My Oct 6 investment was in Korean banks and has generated around $20k since yesterday. I also bought a bond ETF called BLV which currently is -$3k. Overall profit $17k in one day. But since I'm planning to hold them for +2 years, it's unrealized profit. Screenshots of my portfolio upper half and lower half. The Korean bank tickers are: KB, SHG and WF.

    Besides that today's earnings how that losses and gains are both temporary if you invest long term. I could very well lose 2 million tomorrow. The key is to hold on. Anyways any questions are welcome. But maybe read my past posts on /stocks first so you don't ask twice. Also personal questions are fine, many seem to be interested. But it should mainly be for the questions I wrote about earlier. I hope we can learn and grow together. The original reason I came to Reddit for was to make my lockdown happier. And despite a recent hospital visit, it has been amazing. Thank you all! ❤️ (Please say if I misspelt anything, I'm not native I'm English.)

    submitted by /u/Saul-Clive99
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    Which stocks do you think are going to do really well in 2021 and beyond? Are there any you think are going to fail hard? Why?

    Posted: 07 Oct 2020 12:04 PM PDT

    Basically title. What stocks do you expect or think will start a large growth period in 2021 and why? Are there any you think will rapidly decrease? What do you think are going o be the AAPL and MSFT of the 2020's? Why? Or do you think AAPL and MSFT maintain their supremacy?

    submitted by /u/Thefishman1
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