• Breaking News

    Monday, November 2, 2020

    Stock Market - Apple TV will be available on new Xbox and PlayStation consoles for the first time

    Stock Market - Apple TV will be available on new Xbox and PlayStation consoles for the first time


    Apple TV will be available on new Xbox and PlayStation consoles for the first time

    Posted: 02 Nov 2020 10:58 AM PST

    https://www.cnbc.com/2020/11/02/apple-tv-available-on-xbox-series-x-xbox-series-s-playstation-5.html

    Apple TV will launch on the Xbox Series X and Series S game consoles, Microsoft confirmed on Monday.

    Apple TV will also be available for the Sony PS5.

    Both consoles launch this November, and the app will help get Apple's services in front of more people.

    This is a good sign the apple is trying to expand the apple tv service. If apple can spend some money to purchase contents, apple tv will become more competitive. So apple stock is still a long term solid hold.

    submitted by /u/coolcomfort123
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    Here is a Market Recap for today Monday, November 2, 2020. Please enjoy!

    Posted: 02 Nov 2020 01:04 PM PST

    PsychoMarket Recap - Monday, November 2, 2020

    Stocks opened today's session higher before paring some gains ahead of an extremely busy week, with market participants closely monitoring the results of the US presidential election, a meeting of the Federal Reserve, and the October jobs report, and rising coronavirus numbers in the US and Europe.

    After an extremely choppy day, the Nasdaq (QQQ) finished 0.22% up, the S&P 500 (SPY) finished 1.11% up, and the Dow Jones (DIA) performed the best, finishing 1.56% up.

    On Tuesday is the US presidential election between incumbent Donald Trump and Democrat Joe Biden. Needless to say, given the political divide, the coronavirus pandemic, and social unrest that exists in the United States right now, the outcome of this election will be extremely significant. According to a study done by Edward Jones, since 1932, the stock market has dipped 64% percent of the time the day after a presidential election. This likely reflects anxiety about the future if a large cohort of the population is unhappy with the election result. Regardless of the election result, it's likely a large section of the population will be unhappy. Moreover, given the surge of early and mail-in ballots due to the pandemic, the possibility exists that the outcome may not be clear after Tuesday. This scenario would certainly cause a massive spike in volatility and uncertainty in the markets. According to the US Elections Project at the University of Florida, as of Friday of last week, around 85 million individuals have cast their ballots, over half of the total turnout in 2016. If this pace picks up, this election could have the highest voter participation rate in over 100 years.

    Regardless of the outcome, the election will have a number of consequences for Corporate America. For example, a change in the political control in either the Senate or the White House (which are Republican-controlled right now) could potentially alter corporate tax rates, increase or decrease regulation in some industries, affect trade relations with other countries, and changes in capital gains tax, which is important for market participants. Moreover, the outcome of the election will likely influence the timing and size of much-needed additional fiscal stimulus

    The Federal Open Market Committee (FOMC) is set to hold the first of its two-day rate-setting meeting the day after Election Day, with the twelve FOMC meeting Wednesday and monetary policy statement and press conference from Federal Reserve Chair Jerome Powell on Thursday. Going off previous meetings, the Fed is virtually guaranteed to keep interest rates, near zero. After their last meeting in September, the Fed signaled that it would maintain interest rates are current levels until "at least 2023". Throughout these meetings, FOMC members, including Powell, have increasingly escalated their calls for further fiscal stimulus to complement the Fed's monetary support. In early October, Powell said, "too little support would lead to a weak recovery, creating unnecessary hardships for households and businesses."

    On Friday, the Department of Labor is set to release the October job report, a crucial piece of data to understand the state of the labor market and gauge the pace of recovery. According to Bloomberg consensus data, non-farm payrolls are expected to increase by around 600,000. While this estimate would the sixth month of net payroll gains, it would also be the four, straight month of deceleration, indicating the pace of recovery is slowing. The unemployment rate is also predicted to tick lower, from 7.9% to 7.6%. However, worryingly, there appears to be a trend towards long-term unemployment for many Americans. The number of individuals filing continuing claims, people filing for unemployment benefits who have already filed an initial claim, has continued to increase the past several weeks. This means that people who lost their job due to the pandemic are having an increasing harder time finding new employment quickly.

    The US just set a new record for the highest seven-day average of daily new cases: 81,336 as of Sunday. That's the first time the number has ever topped 80,000, according to data from Johns Hopkins University. new cases are far exceeding new testing. Over the past week, new cases have increased 18%, according to Johns Hopkins. But the number of new tests performed has increased only 4.29%, according to the Covid Tracking Project.

    Last week, Europe recorded around 1.5 million new cases of coronavirus, a new record, according to data from Johns Hopkins. Trends are worrying across the continent now, including in countries such as Greece and the Czech Republic, where infection rates had been low until recently. Measures are tightening up everywhere. England, in response to the surge, announced a nationwide lockdown for at least the next four weeks.

    Highlights

    • Apple (AAPL) announced on Monday an event for Nov. 10 where it's expected to announce new Macs that are powered by their own chips powered by ARM processors, instead of the Intel chips it had been using. Could impact Nvidia (NVDA) stock, which owns ARM chips, and Intel, who has not been doing very well lately, judging from last earnings report and stock price action (INTC).
    • Images for the updated Tesla Cybertruck could come next Musk, according to CEO Elon Musk.
    • Chinese electric vehicle maker NIO announced its October deliveries, and the number has shares on the move, again. NIO delivered 5,055 vehicles in October, doubling from a year ago. The result is doubly impressive because NIO very recently raised its manufacturing capacity to 5,000 vehicles a month. The company is selling all the cars it can make. This stock is an absolute monster and is one we love at PsychoTrader!
    • Alibaba (BABA), is doubling its Singles' Day offerings this year, running the massive online sales event across two periods rather than one. Alibaba says it expanded the shopping window for Singles' Day to provide more relief for merchants that have been hit hard by the pandemic. Single's day is a counter to Valentine's Day that celebrates being single. Normally it's held on Nov 11. This is the world's largest shopping festival. According to Fortune Magazine, BABA shipped $38.4 billion in gross merchandise value on Singles' Day last year. Amazon's Prime Day, by comparison, sold around $6 billion in goods last year.
    • Asian shares were mostly higher on Monday buoyed by further signs of recovery in China's manufacturing sector. The Caixin manufacturing PMI, a major indicator for China's manufacturing sector, rose in October, showing that domestic demand is holding up, reports said over the weekend.
    • Allegiant Travel (ALGT) upgraded by Morgan Stanley (MS) to $175 OVERWEIGHT. Stock currently around $131
    • Alibaba (BABA) target raised by Keycorp from $330 to $350 OVERWEIGHT. Stock currently around $310
    • ChampionX (CHX) target raised by Barclays from $16 to $19 OUTPERFORM. Notable because stock currently around $9
    • Carvana (CVNA) target raised by Morgan Stanley (MS) from $215 to $225. Stock currently around $190.
    • Floor & Decor (FND) target raised by Raymond James from $75 to $100. Stock currently around $75.
    • Alphabet (GOOG, $GOOGL) target rasied by Argus from $1620 to $1850 at BUY. Stock currently around $1650.
    • Cloudfare (NET) target raised by two notable institutions. Stock currently around $53.
      • Royal Bank of Canada frm $50 to $55 OUTPERFROM
      • Oppenheimer from $55 to $65 OUTPERFORM
    • Peleton (PTON) target raised by Needham from $110 to $125 at BUY. Stock currently around $115.
    • Paypal (PYPL) target raised by Morgan Stanley (MS) from $210 to $229 at OUTPERFORM. Stock currently around $192.
    • Solaredge (SEDG) with massive target increase by Roth Capital from $191 to $300 at BUY. Stock currently around $266.
    • Vipshop (VIPS) target raised by Keycorp from $22 to $24 at OUTPERFORM. Stock currently around $21. This is one we have been looking at for a while

    "Strive not to be a success, but rather to be of value." –Albert Einstein

    submitted by /u/psychotrader00
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    Watchlist: 11/2 Busy Week Ahead

    Posted: 02 Nov 2020 04:02 AM PST

    Market Notes:

    It's Monday, it's November, and the big election is tomorrow. As American's brace for what's to come the market is already reacting strongly.

    Last week was a bloody week for Wall Street. The worst week ever before a presidential election.

    The COVID-19 pandemic isn't slowing down. New lock-down measures were put in place across Europe over the weekend. And States in the U.S. are being pushed to the brink.

    Futures are higher this morning. I'm not convinced it will hold. Watching for A+ setups only today. Locking in profits quickly. I'll have a little more confidence once the election is settled.

    Watchlist:

    BBW is a low float, support at $4

    ZDGE is a low float, watching for a setup above $3.50

    MGI is a low float, support at $5

    OIIM is a lowish float, resistance at $6.55

    AIRI is a lowish float, resistance at $1.50

    AVID has resistance at $9.60

    DBVT has support at $2.60

    DSKE watching for a setup above $7

    TROX has resistance at $10

    CYH has support at $6, resistance at $6.25

    FSR is a EV IPO, on watch

    submitted by /u/tradingforkeeps
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    How will the US election impact the market?

    Posted: 02 Nov 2020 10:59 AM PST

    Hi guys. Been reading a lot of articles about this lately, and a lot of them are skeptical on how the stock market will play out this week.

    Most people are expecting riots and violence and a possible downward trend on the market.

    What strategy are you guys adopting this week?

    submitted by /u/TheDalaiDrama
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    What’s up with TLT

    Posted: 02 Nov 2020 10:31 AM PST

    Ticker TLT is a treasury bond ETF that went up in March and has since been holding. Has been on a steady uptrend for a very long time, and holding between 160-170 between March-present. Now why in the fuck would the premiums be so high. ATM is around 220 and 20 delta is about 75. Now before you say, oh the volume is low, oh no. It's not, it's high and the bid ask spread is fairly tight. Is this just a gold mine or is supposed to drop super bad or be super volatile. The put call cost ratio is about the same, so it doesn't seem like it should just plummet. I can't figure it out.

    submitted by /u/YaBoiBryson27
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    Best book for investment and investing. Such as Stock Market or something along those lines.

    Posted: 02 Nov 2020 06:54 PM PST

    I'm going to be buying one in like 15 minutes, just need to make some last decisions as I'm not fully sure which one. Apparently Warren Buffett has some good ones, and 'The Intelligent Investor' is the best one but it's apparently outdated.

    I'm kind of a beginner, but I do some stuff about investing.

    It's my first time buying one. It needs to be a long read so I get bored, but that's how those type of books work.

    submitted by /u/Niburu_Exus_4311
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    My Complete Guide to Dividend Investing

    Posted: 02 Nov 2020 01:51 PM PST

    12 Habits of Successful Stock Investors

    Posted: 02 Nov 2020 12:47 PM PST

    https://youtu.be/8-E4N_AGuz0

    This video is about the 12 habits of successful stock investors. I'm trying to share my knowledge of some of the habits that have helped me improve on my stock investments over the years.

    Investing in stocks is an excellent way to grow wealth. For long-term investors, stocks are a good investment even during periods of the market volatility — a stock market downturn simply means that many stocks are on sale.

    If you've never invested in the stock market before, it can be an intimidating process. Stocks are not like savings accounts, money market funds, or certificates of deposit, in that their principal value can both rise and fall. The stock market can be risky and if you don't want to lose your money, here are some important tips you need to know. We asked Successful Stock Investors to tell us about their habits that made them rich.

    Check out the video for the 12 successful hits.

    submitted by /u/goldenson
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    $CLIS Big buying, looks like their share purchase back is starting! Their Subsidiary $GOOO responded as well.

    Posted: 02 Nov 2020 06:43 AM PST

    Interesting, looking like the $CLIS buy back program has finally started. Should see massive buying for at least a week or so, based on what they said in previous press release about the buy back in the open market.

    You will see their sub $GOOO have a big move as well, as they said they are working on something big for november related to $CLIS (CLIS recently bought them out)

    submitted by /u/belac1804
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    Undervalued stocks with potential earnings upside (Long term buy & hold strategy)

    Posted: 02 Nov 2020 11:21 AM PST

    Ticker Company Sector Industry Average Price Target Potential Upside Analyst Recommendations (5 = Buy; 1 = Sell) Next Earnings Date Potential Earnings Movement Dividends
    MKSI MKS Instruments Technology Semiconductor Mfg $148.09 36% 4.64 1/28/2021 6.08% 0.74%
    TDC Teradata Corp Technology Infrastructure Software $24.95 35% 2.73 11/5/2020 8.21% - 9.62% -
    ADM Archer-Daniels-Midland Co Consumer Staple Agricultural Products $51.77 12% 4.38 11/5/2020 3.54% 3.11%
    BSX Boston Scientific Corp Healthcare Medical Devices $44.96 31% 4.78 2/5/2021 2.91% -
    CVS CVS Health Corp Consumer Staple Pharmacy $79.16 41% 4.52 11/6/2020 4.30% - 4.71% 3.57%
    LITE Lumentum Holdings Technology Specialty Hardware $103.20 24% 4.67 11/2/2020 6.05% - 8.39% -
    BNED Barnes & Noble Consumer Discretionary Books $4.00 74% 4.60 12/2/2020 6.26% - 6.83% -
    AEYE AudioEye Technology Software $22.00 31% 4.50 11/12/2020 5.90% - 7.30% -
    STRL Sterling Construction Company Industrials Engineering & Construction $20.00 34% 3.5 11/2/2020 5.03% - 6.92% -
    submitted by /u/Sir_Meowstro
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    Thoughts on corporate bond funds?

    Posted: 02 Nov 2020 01:49 PM PST

    PDT/PTY/HYT. If one is going for bonds why not well managed high yield CEFs?

    Happy for conversation surrounding high yield bond funds, their risks, and their rewards.

    submitted by /u/ThemChecks
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    Research and analysis publications?

    Posted: 02 Nov 2020 11:58 AM PST

    Hi all,

    My questions is where can I subscribe to receive latest reports on economy, markets, global trends, credit, etc published by institutional investors and investment banks?

    So far I have subscribed with email in Bridgewater, UBS and of course Howard Marks' memos.

    Please suggest yours. Thank you!

    submitted by /u/nicehahayes
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    Dividend payout question

    Posted: 02 Nov 2020 07:31 AM PST

    Hi everyone,

    Hope everyone had a good weekend!

    I have my first dividend stock aci. When should I expect the dividend to pay out for q3? Would I just get 50 bucks in my charles Schwab account or will I get a check?

    Any other information would be great thanks

    Thanks

    submitted by /u/space1233123
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    Stock app recomendations

    Posted: 01 Nov 2020 11:36 PM PST

    Hello!

    I'm new to stocks and searching for stock trading apps that are good for beginners. I previously used Revolut but it didn't have a lot of stocks to buy.

    What apps would you guys reccomend?

    PS: I can't use E*TRADE because I'm not for the US

    Thank you in advance!

    submitted by /u/theroofexplorer
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    England lockdown

    Posted: 01 Nov 2020 09:14 PM PST

    With Europe shutting down again, and Boris Johnson making it official that England will be joining the shutdown wave this Thursday, how are the FTSE futures flat? The lockdown will hurt the economy, it isn't as severe as the previous one in March with less restrictions, but the country is still closing.

    submitted by /u/cheerios9000
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    Where can I get complete chart data of any stock from the beginning it was registered to the stock exchange till now?

    Posted: 02 Nov 2020 12:44 AM PST

    Most of the stock chart services and brokers provide only recent years price movement data. Where can I find the complete price movement data of any stock in the world from the begin

    submitted by /u/Blazing_neon
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    $NNOX will be MASSIVE

    Posted: 02 Nov 2020 07:57 AM PST

    I've been in and out of this stock for a while and now I'm in long on this. The live demonstration is going to be live streamed across the globe. There is absolutely no way this machine doesn't live up to the hype.

    Think, if I am going to live stream my invention to the world and already have my company listed on the NASDAQ, it will prove to the short sellers it works and orders will be flooding in from across the globe. Inexpensive, innovative, life saving product that will bring in Billions of repeat revenue given its Maas model. No brainer...shorts are going to be pissed.

    I have some other links I can DM you about it as well. I was told the links are not allowed on this forum so I don't want this to be deleted.

    https://www.fool.com/investing/2020/10/02/nano-x-announces-live-demonstration-of-its-arc-dev/

    submitted by /u/Bug_Deep
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