Daily Advice Thread - All basic help or advice questions must be posted here. Investing |
- Daily Advice Thread - All basic help or advice questions must be posted here.
- U.S. Bureau of Labor Statistics announces decline in unemployment rate from 7.9% to 6.9% over the last month, beats expectations
- How would you play BYND (Beyond Meat) earnings?
- Unpopular opinion--don't agree with Ray Dalio's perspective in many ways
- Why would a SPAC lower its proposed deal size?
- Buy and Hold weed?
- Will the new Long Term capital gains treatment under Biden make you sell any securities this year?
- Thoughts on medical waste disposal companies for upcoming Covid vaccine?
- In a Market Powered by Tech Stocks, Cathie Wood Is a Big Winner
- How to define the relationship between savings/liquidity and stock market capitalization?
- How long should investors in net-net stocks expect to hold positions, on average?
- Sony/Microsoft investment
- Long term S&P 500 outlook...Hussman
- What’s up with The Trade Desk (TTD)
- UI Stock climbs 23% after First Quarter Fiscal 2021 Report
- Cannabis Stocks
- Online Stock/forex trading brokerage in Spanish
- U.S. Treasury Security Auctions are coming next week. Any predictions?
- How to convert foreign financial statements to USD?
- P2p lending?
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 06 Nov 2020 04:12 AM PST If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions. If you are going to ask how to invest you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! [link] [comments]  |
| Posted: 06 Nov 2020 05:30 AM PST Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In October, notable job gains occurred in leisure and hospitality, professional and business services, retail trade, and construction. Employment in government declined. Per Yahoo: Unemployment rate was expected to decline to 7.6% over the month. [link] [comments]  |
| How would you play BYND (Beyond Meat) earnings? Posted: 07 Nov 2020 01:23 AM PST BYND is a well accepted rival of the legendary impossible foods, however I don't think the rivalry matters too much considering the exponential growth of the meat substitute industry. They are releasing earnings 9 Nov. How do you think the market has reacted to the coronavirus? Is there like an increase in buyers since 1) Covid was started because of an animal and 2) most people are switching to a healthier lifestyle as they are unable to keep up with the fitness routines they had previously planned. However, it could also have a negating effect on the market, since more people are becoming money conscious and unwilling to spend more on meat alt. I know it is a dumb way to asses the market but what do you think? How would the sales have been this quarter? Is it a call, put or just watch? What do you suggest? [link] [comments]  |
| Unpopular opinion--don't agree with Ray Dalio's perspective in many ways Posted: 06 Nov 2020 10:31 PM PST Despite how much I like listening to his philosophy, in a lot of ways I don't agree with Big Ray. In a rhetorical sense, he speaks in complicated manners about concepts that are actually really simple when you break them down. More than that though, he doesn't actually get to a point. He suggests certain things--like cycles, reserve currencies, etc.--but doesn't really make a coherent prediction that he can point to and validate. I think he does this because his suggestions haven't always panned out. E.g. now that the Fed has stepped in, his market crash call that had been pending for three years and running is off the board. I also think he's kind of into bear porn. It's not that I necessarily disagree with him as much as I want to hear his opinion with the consideration of counterpoints to his opinion. Okay, so China is rising, and the U.S. is printing money as a sign of a dying superpower. But can China overcome quickly slowing growth, a corrupt system, and a system that chooses surveillance over business? Another example: China has a plurality of the world's IPOs--okay, but large IPO numbers indicate bubbles too. I guess it just seems like he doesn't use his imagination to challenge these extremely broad, bold views in many ways. I just hear the same thing over and over (and why is he on TV and media so much anyway?), to the point where it feels like he has stake in it, and that this stake is his company, brand, and merchandise. Overall, yes, I disagree with him. Not with his views as much as the certainty of his views, and how they're such 'simple, repetitious cycles'. Why wouldn't 1971 been when Russia took over, when we finally went off the gold standard? Why is MM3 now suddenly the time when China will be the one to overtake us, despite their incredible flaws? It just doesn't add up, and there isn't enough humility and uncertainty for me to really trust him. Also, when he says that diversifying is a way to lower risk but maintain the same returns--yeah, no. I still really respect him. You can't get to where he is without being a legend. But I think he's kind of a cult figure at this point. The reason I love Buffett is because everything he says is exactly as simple or complicated as what he's talking about. It's straightforward, without any launching predictions or starry-eyed proselytizing. For all Dalio's transcendental practice, I think he's got some blind spots. Go ahead and roast me then. [link] [comments]  |
| Why would a SPAC lower its proposed deal size? Posted: 07 Nov 2020 02:24 AM PST I'm interested in NOACU, a SPAC that is targeting a plant-based food company. I saw that they lowered their proposed deal size from 250 mil (25 mil units @ $10/share) to 200 mil (20 mil units @ $10/share). What would make one do this and why did they feel the need to do it when they're only raising 20% less money? I've noticed that quite a few spacs have been doing this recently and am not sure what the motivation behind this is and what (if anything) this says about the SPAC itself. [link] [comments]  |
| Posted: 06 Nov 2020 07:00 PM PST ACB has has gone 56% today (11/6), and in this week it has gone up 143%. Normally I would call anyone that thought they could still profit on this stock an idiot. But seeing how Biden is most likely to win the election I have re thought my position on this. Everyone knows that Biden is a lot more lenient towards weed than Trump and Republicans. Add this to the fact that New York is going to legalize weed starting in 2021, and I feel that ACB might still go up. I am starting to think that I might buy some stocks when it drops a few percent, like all stocks do after having a massive win streak (NIO for example). And after it drops that few percent, I'll buy some stocks and hold until Janish when the stock should go up after it becomes legal in NY. I wanna know some other peoples thoughts on this. Do you guys agree with this or do you think im a idiot overthinking it? [link] [comments]  |
| Will the new Long Term capital gains treatment under Biden make you sell any securities this year? Posted: 07 Nov 2020 04:04 AM PST Biden's tax plan involves removing Long Term capital gains tax treatment. Removing the 20% cap on long capital gains and instead taxing as regular income which has the highest bracket at 37%. Will this be making anyone sell any long term assets this year? I have some crypto I plan to sell before Jan 1 for this very reason. [link] [comments]  |
| Thoughts on medical waste disposal companies for upcoming Covid vaccine? Posted: 06 Nov 2020 05:46 PM PST Once a vaccine begins to roll out, millions of Americans will be receiving an injection, meaning healthcare facilities will need to dispose of these needles afterwards. Sharps Compliance specializes in just that! This company is a leading market provider for collecting sharps and other small quantities of medical waste. It is no secret that the company is expecting a pick up in demand - I mean just like at what the CEO said last week: "From our vantage point today, we remain confident that we're in the midst of a very strong flu immunization season as evidenced by 50%+ increase in flu-related return mailbacks processed for August, September and October 2020. We are also hopeful that the flu immunization season could be followed by substantial activity related to a potential COVID-19 vaccine which many experts believe could be available later this year or early 2021. We have a robust inventory of our medical waste mailback solutions in place to meet anticipated strong demand and this month are commissioning a new autoclave online at our Pennsylvania facility, expanding our medical waste processing capacity from 18 million to 27 million pounds per year, which is up from 10 million pounds a year ago." This is a relatively small company only generating about $50mm in revenue annually and that is reflected in the price at $6/share ($100mm market cap). The potential increase in revenue from more mail backs due to covid vaccines + higher flu immunizations is a huge tailwind. In my opinion, the company is not being valued based on potential covid demand and rather just its core business. I mean eventually we are going to get a vaccine right? It's only a matter of time and once it does, the share price should see a significant increase to reflect that. Latest investor presentation for those who want to read more about the company: https://investor.sharpsinc.com/static-files/41b2988f-ff81-4ad4-a58a-949c98f34d14 [link] [comments]  |
| In a Market Powered by Tech Stocks, Cathie Wood Is a Big Winner Posted: 06 Nov 2020 07:13 AM PST "She runs 3 of the 10 best-performing exchange-traded funds so far in 2020, with her largest one, Ark Innovation ETF, returning 86%, compared with about 6% for the S&P 500 and 30% for the tech-driven Nasdaq 100." [link] [comments]  |
| How to define the relationship between savings/liquidity and stock market capitalization? Posted: 06 Nov 2020 11:56 PM PST The total US stock market is currently valued at 37 trillion, while the total savings in the US are only 18.4 trillion and the money supply is 11.6 Trillion. Many "experts" argue that there is to much liquidiy in the system and this will push the stock market even higher. But how high can the stock market go, if the capitalization is already x3 savings? Is there an indicator - or a similar instrument - to define the relationship between savings/liquidity and stock market capitalization? Thanks [link] [comments]  |
| How long should investors in net-net stocks expect to hold positions, on average? Posted: 07 Nov 2020 03:21 AM PST Looking into investing in net-net stocks (stocks trading below NCAV). Found a few decent opportunities like MSN and TYHT, but they seem to be in a perpetual downtrend. Which brings the question....are net-net stocks long-term buy & hold (given liquidation/retraction to NCAV) or just short-term swing trades? Aka how quickly should I expect to return profits on a typical net-net stock? [link] [comments]  |
| Posted: 06 Nov 2020 03:56 PM PST Would anybody happen to have an idea about whether microsoft and Sony stocks will go up when the playstation 5band xbox series x are released in the coming weeks, and if they do, should I sell closer to Christmas when they start to go up? I am a beginner investor, using a trading 212 invest account with £300 to start with, and would really appreciate any advice. Thank you! [link] [comments]  |
| Long term S&P 500 outlook...Hussman Posted: 07 Nov 2020 01:26 AM PST You don't have to tell me Hussman's returns are awful over last few years...I know. He has expected a downturn for 5 years now. But he is the most qualified economist (PhD Stanford) of the fund managers, and this is not a timing opinion: "But what if valuations literally never ever visit historical norms again? Fine, let's examine that possibility. Suppose we assume that market valuations maintain the "permanently high plateau" that Irving Fisher famously projected at the 1929 market peak. What then? Well, let's do the arithmetic. We know that real "structural" GDP growth over the past decade has averaged only about 1.6% annually. That's the rate at which real GDP has grown in recent years, excluding the impact of changes in the rate of unemployment. It's essentially the underlying economic growth that's driven by the sum of demographic labor force growth and trend productivity growth (output = workers x output/worker). Even a 3% structural growth rate would require a near-doubling of trend productivity. Let's be optimistic and bump expected structural growth up to 2%. Adding 2% inflation then gives us 4% nominal growth. It's worth noting that at the very peak of the recent economic expansion, the actual nominal growth rate of S&P 500 revenues over the recent 20 years had averaged just 3.6% annually, which reflects the full benefit of stock buybacks and share reductions over that period. Likewise, the growth rate of U.S. nominal GDP averaged just 4% in the 20 years measured up to the peak of the recent expansion. Now, suppose we also assume that the profit margins observed at the peak of the recent economic expansion will never, ever normalize. We can then expect earnings to match the growth rate of revenues, and we'll assume that dividends do the same, leaving us with expected long-term growth of 4% all around. Finally, let's assume that market valuations never, ever retreat. In that case, prices would grow at the same rate as fundamentals, which gives us 4% annual capital gains for a passive investment in the S&P 500. Add the current S&P 500 dividend yield of 1.6% (which would also remain constant forever), and if all of these assumptions were to work out for investors, they would imply long-term investment returns for the S&P 500 of 5.6% annually. Emphatically, that figure relies on the S&P 500 maintaining the most extreme valuations in U.S. financial history forever." [link] [comments]  |
| What’s up with The Trade Desk (TTD) Posted: 06 Nov 2020 11:05 AM PST The Trade Desk is up 25% today to a 52 week high over $825/share. It's up $300/share in 3 days and $700/share since March. How is this company flying under the radar? Or should I say, soaring over the radar? I understand they're like a eBay for digital advertising space, I assume with some proprietary algorithm for targeted ads. Digital advertising is up, probably with room to grow, so is this the next big thing and are we already too late to get onboard? [link] [comments]  |
| UI Stock climbs 23% after First Quarter Fiscal 2021 Report Posted: 06 Nov 2020 10:40 PM PST What are your thought on the company? I have been using their products for years at our office and really like them. First Quarter Fiscal 2021 Summary
https://finance.yahoo.com/news/ubiquiti-inc-reports-first-quarter-123000701.html I also noticed a lot of public venues that use Ubiquiti hardware in recent years. Sort of made it a sport to scan the ceiling of every hotel lobby I enter. I think they could grow even more in the next few years since their products are enterprise quality priced at retail level. They also seem to have a solid software stack unlike other network hardware producers and a reasonable licensing model. Tom Lawrence goes in to Ubiquiti's business model and why he likes it:https://www.youtube.com/watch?v=j7oMllL5w3AWhat I like about him is that he is a small business owner and makes his money installing these systems and not a douche bag stock market expert. Ubiquiti's founder worked at Apple an I guess you can see that in their industrial design. I'ts not common to see networking equipment that actually looks good. [link] [comments]  |
| Posted: 06 Nov 2020 09:59 AM PST I own Aurora and Canopy Growth. Should I hold both until Biden is elected and Q1 earnings are released for both or sell ASAP? Perhaps due to Aurora's amazing profits its brand and assets will get picked up by a bigger player? What does everyone think? [link] [comments]  |
| Online Stock/forex trading brokerage in Spanish Posted: 06 Nov 2020 06:42 PM PST I'm trying to help a friend in Colombia get started investing in the stock market and or forex since she's really interested in the topic. Unfortunately, neither of us can find any reputable companies that support international customers AND offer their platform in Spanish. ¿ayuadame? [link] [comments]  |
| U.S. Treasury Security Auctions are coming next week. Any predictions? Posted: 06 Nov 2020 02:44 PM PST 3-year notes are being auctioned on Monday, Nov 9, 10-year notes auctioned on Tuesday, Nov 10, and the 30-year Bond is being auctioned on Nov 12. https://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/documents/auctions.pdf Last time this happened around early August, we saw TLT and GLD both drop sharply over the next few days as bond buyers sell positions to free up cash, though that may have been a coincidence as both assets were getting overbought. Any expectations on what this round of auctions will bring? [link] [comments]  |
| How to convert foreign financial statements to USD? Posted: 06 Nov 2020 06:12 PM PST I have a company I am researching and want to do DCF analysis on, however this is a Canadian company and the financial statements are in CAD. I tried looking all over the internet for those financial statement that are already converted into USD and found one on macrotrends, however when I converted the financial statements myself from CAD to USD I got different numbers than what's published on macrotrends and I can't figure out why. The numbers are not super different, but different enough (up to around an 8% difference) to warrant looking further into. I don't know which numbers to trust, my own or the ones on macrotrends, since either I did the conversion calculation incorrectly or because sometimes different sources of financial information is slightly off (as I noticed before with other research I've done). The way I converted the financial statements was by looking at the exchange rate of the CAD to the USD at that moment in time (to account for fluctuation) and multiplying the financial statement numbers by that ratio for that particular year. I went back 5 years in time when doing the conversions. Am I missing something? Did I do it incorrectly, any constructive advice or information will be appreciated. Edit: (By the way this stock does trade on the NYSE) Edit 2: What's even more curious is I actually found another online source that has the financial statements in USD but it's different from both my calculations and macrotrends, again the difference is slight but still present. [link] [comments]  |
| Posted: 06 Nov 2020 02:23 PM PST Given the current political and economic climate, and the onset of the pandemic, it's a question if p2p is a viable investment. Clearly I'm missing pros and cons, but do try and be civil. No one likes an a**hole. -------pro: *Wide availability of new debtors seeking loans *Many higher risk loans are not issued on fears of defaulting, thus lower overall risk ----------con: *Many new debtors will be unable to pay their loans due to lack of employment *Lack of higher return loans [link] [comments]  |
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