Stocks - r/Stocks Daily Discussion & Fundamentals Friday Oct 09, 2020 |
- r/Stocks Daily Discussion & Fundamentals Friday Oct 09, 2020
- U.S. tech stocks are now worth more than the entire European stock market.
- AMD said to be in advanced talks to buy Xilinx in over $30 billion deal
- Here is a Market Recap for today Fri, Oct 9, 2020. Please enjoy!
- Millennials Make Tons Of Money On Their New Favorite Stock
- Telehealth is said to also expand into mental wellness.
- Weed stocks surge as Kamala Harris vows to decriminalize pot in debate
- IBM to split into two as it reinvents itself, stock up 6%
- Intel vs AMD: which is a better buy and why?
- GME short squeeze: did already happen?
- What’s so good about PLUG?
- Space company Momentus (MNTS) IPO in 2021
- Sectors you're bullish on
- Workhorse USPS bid
- Thoughts on NVTA
- Autumn/Winter
- Forget the Diversification Strategy
- I found a Norwegian cleantech company that will multiply investments
- Renewable Energy stocks that haven't peaked yet?
- Wellhealth or energy stocks?
- My call option was losing money every time I got closer the strike price?
- Stock purchases
- Is now a good time to join the market?
- ARKF or FINX?
- Looking for Info on Upcoming Direct Listings
| r/Stocks Daily Discussion & Fundamentals Friday Oct 09, 2020 Posted: 09 Oct 2020 01:06 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on fundamentals, but if fundamentals aren't your thing then just ignore the theme and/or post your arguments against fundamentals here and not in the current post. Some helpful day to day links, including news:
Most fundamentals are updated every 3 months due to the fact that corporations release earnings reports every quarter, so traders are always speculating at what those earnings will say, and investors may change the size of their holdings based on those reports. Expect a lot of volatility around earnings, but it usually doesn't matter if you're holding long term, but keep in mind the importance of earnings reports because a trend of declining earnings or a decline in some other fundamental will drive the stock down over the long term as well. See the following word cloud and click through for the wiki: If you have a basic question, for example "what is EBITDA," then google "investopedia EBITDA" 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. Useful links:
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| U.S. tech stocks are now worth more than the entire European stock market. Posted: 09 Oct 2020 01:17 AM PDT The dominance of major U.S. tech stocks in recent years has pushed the sector past another milestone as it is now more valuable than the entire European stock market, according to Bank of America Global Research. The firm said in a note that this is the first time the market cap of the U.S. tech sector, at $9.1 trillion, exceeds Europe, which including the UK and Switzerland is now at $8.9 trillion. For reference, the firm said that in 2007, Europe was four times the size of U.S. technology stocks. [link] [comments]  |
| AMD said to be in advanced talks to buy Xilinx in over $30 billion deal Posted: 08 Oct 2020 10:13 PM PDT Advanced Micro Devices is in advanced talks to buy rival chip maker Xilinx in a deal that could be valued at more than $30 billion, the Wall Street Journal reported late Thursday, citing people familiar with the matter. A deal, which could mark the latest big tie-up in the rapidly consolidating semiconductor industry, can come together as soon as next week, the newspaper reported. AMD has seen a higher usage of its products recently, driven in part by an overall surge in chip demand due to a global shift to work from home, and market-share gains from larger rival Intel. [link] [comments]  |
| Here is a Market Recap for today Fri, Oct 9, 2020. Please enjoy! Posted: 09 Oct 2020 01:06 PM PDT PsychoMarket Recap - Friday, October 9, 2020 Stocks traded higher today as market participant's closely monitor developments in a new virus-relief package amid mixed signals from top officials as to the size and scope of a proposal they might support. The Nasdaq (QQQ) led the day, finishing the day 1.53% up. The S&P (SPY) finished 0.86% up and the Dow (DIA) finished 0.54% up. Traders continue to closely monitor developments out of Washington weighing whether more stimulus will be passed, be it comprehensive or targeted. Despite Pres. Trump's recent tweet saying he was not willing to negotiate further stimulus until the election, negotiations appear to continue. According to top officials and economic analysts, the passage of additional is key in encouraging and fast-tracking the recovery of the pandemic-stricken economy. According to multiple reports from CNBC, the Wall Street Journal, Bloomberg and others, the White House is prepared to offer a new stimulus proposal totalling $1.8 trillion, about $400 billion below what the Democrats are asking for but an increase from the original $1.6 trillion offer. It's unclear what specific provisions will be included in the drafted legislation, but the earlier plan included a fresh round of $1,200 stimulus checks; expanded unemployment benefits at $400 per week and additional funding for state and local government. While a large gap still remains between the two proposals, let's hope that the White House showing willingness to negotiate adds goodwill and Congress can come to an agreement. Today Trump tweeted "Covid Relief Negotiations are moving along. Go Big!" Adding to the optimis, White House economic advisor Larry Kudlow told Fox Business that the President "wants to do a deal." This is a remarkable turnaround considering Pres. Trump's recent tweet where he said he was not willing to negotiate an additional deal. The market has positively responded to this development. Yesterday, House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin discussed further stimulus for about an hour. After the meeting Drew Hamill, Pelosi's spokesperson, said in a tweet that Mnuching made clear the President's interest in reaching an agreement for a comprehensive package after Pelosi made clear he would not support a standalone, targeted bill. In a note to clients Jeffrey Buchbinder, LPL Financial Equity Strategist said, "A compromise on a big stimulus package in Washington could potentially deliver another October surprise, but the odds are against it as Election Day approaches." Highlights
"The best revenge is massive success" Frank Sinatra [link] [comments]  |
| Millennials Make Tons Of Money On Their New Favorite Stock Posted: 09 Oct 2020 08:25 AM PDT Consumer discretionary Tesla (TSLA) dethroned information technology giant Apple (AAPL) as the most popular stock held by millennials. Apple got bounced from the top spot after holding it for four-straight quarters, says a just-released quarterly analysis from Apex Clearing, a custody and stock clearing firm. Apex studies more than 1.5 million investment accounts held by people aged 31 years old, on average. And while many might criticize these young investors, they're laughing all the way to the bank. Tesla shares are up 409% this year. That blows away the "buy-and-hold" crowd who are up just 6.7% with the S&P 500. Tesla even makes Apple's 56.6% gain this year look so-so. And millennials are the only major generation to make Tesla their top holding. It's No. 2 for Generation Z and Gen X and No. 3 for baby boomers. Millennials are making money on all but two of their top 10 holdings. And not by just a little. The average year-to-date gain on millennials' top 10 holdings is more than 80%. But to put that into perspective: That's even better than S&P 500 component Amazon.com's (AMZN) 73% rise this year. Very few stocks pull that off. [link] [comments]  |
| Telehealth is said to also expand into mental wellness. Posted: 09 Oct 2020 10:44 AM PDT The COVID-19 pandemic is the most serious public health emergency of our lifetime and according to what Ive read, it has further deepened the mental health crisis we were already facing. Based on recent data, over 56% of Canadians said the pandemic is having a negative impact on their mental health, with social isolation being the top contributing factor. With the estimated potential value of about $36.3 billion by 2027 of telepsychiatry market, do you think the expansion could be feasible? [link] [comments]  |
| Weed stocks surge as Kamala Harris vows to decriminalize pot in debate Posted: 08 Oct 2020 09:44 PM PDT (Reuters) - U.S.-listed shares of major cannabis producers surged on Thursday after Democratic vice president nominee Kamala Harris said marijuana would be decriminalized at a federal level in the United States under a Biden administration. During Wednesday night's debate with Vice President Mike Pence, Harris said she and Democratic presidential nominee Joe Biden would also expunge the criminal records of people convicted of marijuana-related offences in the past. Cannabis stock tracker MJ ETF (MJ.P) rose 5.5% to mark its best session since early June, while Tilray Inc (TLRY.O) jumped 19.2% on the Nasdaq. U.S.-listed shares of Canopy Growth Corp (WEED.TO), Aphria Inc (APHA.TO) and Aurora Cannabis Inc (ACB.TO) closed between 10% and 13% higher. Even though many U.S. states have legalized marijuana use, banks and other traditional financial institutions have so far largely refused to work with the industry as cannabis is still a classified substance at the federal level. "Access to safe banking will transform the industry, freeing up capital markets for investment and reducing the risk of operating a cannabis business," said Keith Cich, co-founder of cannabis-related products manufacturer Sunderstorm Inc. Regulatory issues have also restricted cash availability for companies in the nascent sector at a time when they are struggling with a lack of profitability due to high costs. "From a business perspective, (decriminalization) will level the playing field by allowing companies to expense normal operational costs instead of being taxed on gross profit," said Sam Armenia, vice president at producer C21 Investments Inc (CXXI.CD). Harris, who has supported cannabis decriminalization even before Biden picked her as his running mate, is the lead sponsor of the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act of 2019, which sought to end federal prohibition of marijuana. [link] [comments]  |
| IBM to split into two as it reinvents itself, stock up 6% Posted: 09 Oct 2020 05:27 AM PDT A new company focusing on legacy IT infrastructure will be named and spun off next year. IBM shares closed nearly 6% higher after the announcement. https://finance.yahoo.com/m/b185693f-fe2e-38b3-8521-f767ec09cbf5/ibm-plans-business-unit.html IBM is after Azure and AWS market with acquisition of Red Hat. Red Hat is awesome but only around 2.5bn before acquisition. With cloud strategy they wish to trade closer to 30 PE like Microsoft compared to ~10 they are trading now. [link] [comments]  |
| Intel vs AMD: which is a better buy and why? Posted: 09 Oct 2020 09:21 AM PDT so yeah, which do you think will have a better 2020? intel seems to be having a very rough and volatile 2020, while AMD seems to be on the rise. Also, the dip today seems like a good opportunity to buy in. If you had to choose between intel and AMD, which company would you rather put your money into and why? [link] [comments]  |
| GME short squeeze: did already happen? Posted: 09 Oct 2020 01:41 PM PDT "Short squeezes result when short sellers of a stock move to cover their positions, purchasing large volumes of stock relative to the market volume. Since covering their positions involves buying shares, the short squeeze causes a further rise in the stock's price." So price is GME went up 44% on Thursday. Today it opened red, then went green reaching 14.5, then it went down again and closed 10%. Did the short squeeze already happen during the day, when it went up to 14.5? Or it has to happen? What do you guys think? [link] [comments]  |
| Posted: 09 Oct 2020 08:19 AM PDT PLUG along with a few other renewable energy companies have gained the spot light recently. PLUG in particular has had some big gains this week gaining over 30%. Is it all hype with nothing to back it up or there some solid evidence to justify such big gains recently? [link] [comments]  |
| Space company Momentus (MNTS) IPO in 2021 Posted: 09 Oct 2020 06:12 AM PDT Momentus plans on going public as MNTS. It already has 5 separate ride share missions planned with SpaceX. It plans on doing in space transportation for small satellites and even has a long term outlook for developing space infrastructure. Does anyone think this could be a good investment? [link] [comments]  |
| Posted: 09 Oct 2020 08:48 AM PDT I mostly don't trust myself to beat the market with my own stock picks (based on experience, though thankfully the difference isn't too huge), but I do like the idea of sector ETFs. It just seems like it should be easier to predict which sectors will outperform the overall market rather than pick individual winners and avoid losers. That was my thinking on clean energy when I bought ACES in May, anyway, and so far it's paid off with an amazing 70% return. Any other sectors you guys are bullish on (thinking long-term, in my case)? I'm still keeping about half of my Roth IRA in an S&P 500 index fund just because I don't want to mess with my retirement too much, but what do you think I should add to the other half to try to beat it? [link] [comments]  |
| Posted: 09 Oct 2020 10:16 AM PDT Yesterday, I saw several articles stating that several short sellers have opened positions expecting WKHS to flop on its 8B dollar bid with USPS, causing the stock to fall. Today, I noticed Roth Capital came out and said that they expect them to get the bid, causing a 4% increase. Is there any substantial evidence on either side, or is it mostly speculation? Would love to hear your thoughts on this. My understanding is that they may struggle to produce at the capacity required for the bid, but if USPS is considering them there is probably something there. [link] [comments]  |
| Posted: 09 Oct 2020 10:46 AM PDT Fellas, So I bought a tiny little position ($569.71) in NVTA on 9/23 @ $40.69. It's now at $54.02, I'm up 32.75% or $186.29 at the time I'm writing this post. I'm super pissed off at myself for not putting more money in... I had more cash, I just didn't buy more... Now I'm just constantly thinking what if I put more money in and how much more I'd be up... How do you stop this thinking? Should I just be happy with my gains even though they're smaller than they could've been? Also - Should I just pile more money into this stock? I'm in it for the long haul but I feel so silly putting more money in at the tippy top and averaging up. Lemme hear your thoughts! [link] [comments]  |
| Posted: 09 Oct 2020 01:12 PM PDT What are your plays for the upcoming holiday season? I'm thinking of Walmart, Fedex, Amazon etc, e-commerce and delivery services will undoubtedly be in demand, especially due to coronavirus. Curious as to what anyone else has to think about this. Any thoughts/ideas? [link] [comments]  |
| Forget the Diversification Strategy Posted: 09 Oct 2020 01:07 PM PDT So, I realized that having money allocated in like 15 different stocks is probably not the best idea for getting the best returns. It's hard because there are plenty of promising stocks out there. I have 17K in one of my portfolios. I was thinking of concentrating my portfolio into 3 different positions: I'm thinking of AAPL, MSFT, and one other (preferably one DOW stock for the sake of diversification). First off, what do you guys think about this strategy? Second of all, I would like to hear some recommendations on the DOW stock. Nike and Walmart are at the top of my list at the moment. [link] [comments]  |
| I found a Norwegian cleantech company that will multiply investments Posted: 09 Oct 2020 04:23 AM PDT I just read an article on Seeking Alpha on Quantafuel. It was a surprise to me that it isn't yet known in the States. Quantafuel is a big name here in the Nordics. They don't have competition yet, and they have on-going cooperation with BASF, the biggest chemical producer in the world. Definitely still undervalued. Start by googling the Seeking Alpha analysis about Quantafuel from a few days ago. The price is now 58 NOK, around 6 USD. Next week they will be releasing information about their first plant's production, and the price might jump straight to over 100NOK. One should also note that the European Union is planning a 800USD/tonne tax on plastics. That means Quantafuel can take in plastic material, AND BE PAID for taking it, while producing and selling high-grade oils for new uses. Google-translated from Norwegian: " "Case significantly de-risked, target upped to 200 - You should look the stock up through Quantafuels native Norwegian Oslo Stock exchange, the stock isn't currently traded in US exchanges. Recent price targets: SimplyWallstreet also have an article about Quantafuel, Google that. Personally I'm a firm believer in this company, but do not get paid by anyone for presenting this. I'm not a content creator for any site. [link] [comments]  |
| Renewable Energy stocks that haven't peaked yet? Posted: 09 Oct 2020 08:08 AM PDT Title. I was looking at some old thread and its insane seeing the stocks that people were buying a couple years ago exploded around 100-300%. Most recently was Jinko Solar (JKS) which I sold right before because I thought it was too stagnant rip. Any suggestions for another others with potential for growth short term or long term. Thanks [link] [comments]  |
| Posted: 09 Oct 2020 12:09 PM PDT Does well health still have room to grow in the short run? I have many shares but its been staying at quite an equilibrium in the past few days, would I be better off selling a few shares and going in on clean energy stocks since it seems to be booming now adays? Im quite interested in PLUG, SUN, and ENPH. (I'm already invested in ICLN and BPY) [link] [comments]  |
| My call option was losing money every time I got closer the strike price? Posted: 09 Oct 2020 02:12 PM PDT Every time the stock climbed I was losing money, only on this call and not my others. Iv never experienced this I'm super confused. Any help would be awesome. When the stock started to dip I started making money?? I'm positive it's not a put btw. [link] [comments]  |
| Posted: 09 Oct 2020 10:10 AM PDT Just purchases 3 stocks, and where it tells me the quantity the 3 has a exponent of 8 on it, does anyone know why that is? None of my other stocks have that and was just wondering what it means and what's it for [link] [comments]  |
| Is now a good time to join the market? Posted: 09 Oct 2020 12:49 PM PDT Hey everyone I am in my early 20's and am thinking about joining the stock market. As you know COVID-19 is still going around and has been impacting the market in a negative way. Should I wait till after the pandemic to join? Or is sooner the better? [link] [comments]  |
| Posted: 09 Oct 2020 09:50 AM PDT Thoughts on whether ARKF or FINX would be the better EFT for Fin Tech? Or would it be better to just put my money into those Fin Tech companies, e.g. SQ, PYPL, directly? There seems to be a ton of growth in those underlying stocks, but the set-it-and-forget-it of EFTs appeals to me too. If the latter, which is better - ARFK or FINX? Or some other ETF? [link] [comments]  |
| Looking for Info on Upcoming Direct Listings Posted: 09 Oct 2020 12:00 PM PDT I am trying to find out about companies that have registered with SEC for direct listing. Searching google and NYSE website came up with upcoming IPO lists but not DL. The only thing I can think of is searching SEC for any new S-1 filings and going through them to see if the company intends to have a traditional IPO or a DL, this is obviously too much work... Any advice? TIA [link] [comments]  |
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