Stock Market - Here is a Market Recap for today Monday, November 30, 2020. Please enjoy! |
- Here is a Market Recap for today Monday, November 30, 2020. Please enjoy!
- Palantir Adds $17 Billion in Value in Best Week Since Debut
- Investing Golden Rules
- GigCapital2 (GIX) DD: Merging with UpHealth and Cloudbreak
- Record Online Sales Implications for Stamps.com $STMP
- FTL-V broke $1 today
- How do you guys manage your watch lists & price targets? Best ways to have communal watchlists among friends?
- Good companies to invest in this December.
- Your Thoughts on GME.
- Investing strategy
- Watchlist: 11/30 November Rain
- The stagnation of Big Tech - Why Big Tech is not innovating enough despite having all the resources to do so
- I am sure WSB and stock Market redditors can get along. The business case for Virgin Galactic SPCE. Trying to get people thoughts on this ?
- Do you have to use your employers finical planner?
- Stock Marketer
- margin buying power
- How do you deal with losses on the day?
- Directory that list US sectors and the public companies.
- How can I see where people are investing in the market from and how many people are participating?
- Thoughts on Nikola? Buy Sell or hold?
- how did Hertz go bankrupt
- Mexican cannibis legalization
- Question
| Here is a Market Recap for today Monday, November 30, 2020. Please enjoy! Posted: 30 Nov 2020 01:10 PM PST PsychoMarket Recap - Monday, November 30, 2020 Stocks fell steeply in the morning before recovering modestly recovering throughout the session with market participants weighing positive vaccine news and a surge in coronavirus cases and hospitalizations during the Thanksgiving holidays. Despite today's slight decline, major indexes are set to cap off November with historic gains, with the Dow, Nasdaq, and S&P 500 averaging around 10% gains in the month. The Dow also recently broke 30,000 points briefly, which many market participants see as a major benchmark. This morning, Moderna (MRNA) announced it filed for emergency use authorization with the Food and Drug Administration in the US and European Medicines Agency for its coronavirus vaccine candidate. "We believe that we have a vaccine that is very highly efficacious. We now have the data to prove it," Moderna Chief Medical Officer Dr. Tal Zaks said in a telephone interview. "We expect to be playing a major part in turning around this pandemic." Moderna's announcements follows Pfizer (PFE) and BioNTech (BNTX) also filed for emergency use authorization with European and American health officials. Both vaccines use a technology called synthetic messenger RNA and have around a 95% rate of effectiveness. The steady stream of positive vaccine news and Biden's appointment of Janet Yellen as new Treasury Secretary have largely been seen as a market positive. And moreover, the murky situation surround the Presidential Election in the US is beginning to clear up, with the General Services Administration (GSA) formally recognizing Joe Biden's win. Trump has yet to concede but admitted he would leave the White House if the Electoral College voted for Joe Biden. Despite countless calls from health officials and politicians to stay home for Thanksgiving. According to the Transportation and Security Administration (TSA), around 7-10 million people traveled in an airplane in the week of Thanksgiving, most likely to visit family members. As a result, the surge in coronavirus infections, hospitalizations. There are nearly 100,000 patients hospitalized with COVID-19, by far a record high and around a 50% increase since the start of November. Thankfully, after reporting a record-high 205,000 new cases on Friday, cases have fallen to 136,000 yesterday. Still, health officials are warning that hospital systems across the are becoming increasingly strained. Highlights
"Inspiration exists, but it must find you working." - Pablo Picasso [link] [comments]  | ||
| Palantir Adds $17 Billion in Value in Best Week Since Debut Posted: 30 Nov 2020 07:02 AM PST Palantir Technologies Inc. posted its best week since it went public in September, adding about $17 billion in market value as a broad rally in tech stocks helped fuel gains in the software maker. Its shares rose 52% since Monday and touched a fresh intraday record at $33.50. The stock lost some of the gains on Friday after Citron Research said in a tweet it was shorting the stock with a $20 target. The company ended the session at $27.66. Palantir representatives didn't respond to a request for comment. "A lot of institutions have probably warmed up to the company and are viewing it as something to hold onto for the long term," said Wayne Kaufman, chief market analyst at Phoenix Financial Services. "It's a great software company, and it has a terrific business, a very sticky business, not just with governments but also enterprises." Trading in Palantir options also surged this week with average daily volume of call contracts jumping about 250% in the first three days of the week when compared to the prior week. An analysis of open interest shows most of the contracts being opened and closed in the same day, indicating a heavy presence of day traders. After an initial lackluster performance following its direct-listing stock debut, gains for the Denver-based firm, which sells data-analysis tools, have accelerated after hedge funds, including Steve Cohen's Point72 Asset Management, reported purchasing the company's shares. "Big-data companies have become very important and historically have been excellent stocks. Also, Palantir is benefiting from the pandemic -- tracking cases and analyzing data is right in its wheelhouse," Kaufman said. Since starting up in 2003, co-founder and chairman Peter Thiel has helped bankroll the business throughout its long period as a closely held business. Now, the stock has gained nearly 300% since its direct listing. It reported third-quarter losses in its first financial results since going public as compensation costs surged. It did, however, boost its revenue growth forecast for the year to 44%, exceeding the amount analysts expected on average. "I'd say the days of it trading below $20 are probably over," Kaufman added. [link] [comments]  | ||
| Posted: 30 Nov 2020 12:08 PM PST Does anyone have any rules they apply that has helped them invest over the years? Over the past 20 years I've put together a list of rules that I follow without fail. My rules are as follows (showing mine as just a conversation starter): 1)Wait 15 min to buy - if I want to buy something at a given price without having a limit order already out there 2) Don't catch falling stocks - Especially small cap. 3)Follow the money - check options 4) Read the news - duh huh lol - what i mean is the moment before I pull the trigger I look for new news 5)Go with my gut but apply rules 6) Shorter term options (expiring within 3 weeks-just my thought process)- take quick profits 7) Longer term options (3+ weeks before expire) - give it a day at least before selling 8) Don't bet against insiders 9)Technicals supercede Macro environment 10) Macro supercedes Micro I also don't buy IPOs and I don't buy the day of earnings. I'd love to hear what everyone does to help try to mitigate risk. Thanks Reddit! [link] [comments]  | ||
| GigCapital2 (GIX) DD: Merging with UpHealth and Cloudbreak Posted: 30 Nov 2020 10:52 AM PST So I did a big DD on APXT the day before it blew up and it was only trading at $10.75. It's now at $15.82 with room to continue growing. That's 47% in a week. My next play: GigCapital2 (GIK), which is merging with BOTH UpHealth and Cloudbreak Health. It will become UpHealth and trade under the ticker UPH. Currently only $10.30. UpHealth themselves say that this will create 'the only integrated profitable global digital health company'. What is UpHealth? UpHealth is a group of MedTech companies, including Thrasys and MedQuest Pharmacy, and is one of the largest providers of digital health services in the world. 'With its combinations, UpHealth is positioned to reshape healthcare across the continuum of care by providing a single, integrated platform of best-in-class technologies and tech-enabled services essential to personalized, affordable, and effective care.' - BusinessWire. UpHealth, after the merger, will have 4 main service lines:
UpHealth is already generating $115 million revenue in 2020, with EBITDA of $13 million. In 2021, UpHealth is expected to generate over $190M in revenue and $24M in EBITDA; 69% of the 2021 incremental revenue growth is already contracted. This is 65% revenue growth and 85% EBITDA growth. They're predicting 74% revenue CAGR from 2020 - 2022. UpHealth already has contracts with healthcare providers, insurers, and payers in all 50 states and also 9 other countries, with 1800+ US healthcare venues enlisted. The need for MedTech related services has really become apparent via Covid. The ability to have consultations and other related services without coming into direct contact is very desirable. What is Cloudbreak? BusinessWire: Cloudbreak Health revolutionized patient and provider communication with the introduction of video remote interpreting (VRI), establishing Cloudbreak as a pioneer in telehealth technology. Cloudbreak Health continues to innovate with Cloudbreak Telehealth Solutions, including telepsychiatry, telestroke, tele-quarantine, remote patient monitoring and other specialties. Committed to overcoming healthcare disparities and bringing language access to the point of care, Cloudbreak Health seamlessly integrates their language access solution, Martti, into a host of platforms, including Epic, Zoom, and Caregility. Performing more than 1.5 million minutes of telemedicine consultation each month on over 14,000 video endpoints at 1,800+ healthcare locations nationwide, Cloudbreak Telehealth simplifies how providers care for patients, putting a full care continuum at their fingertips 24/7. "Combining with UpHealth and its complementary suite of solutions will further our ability to power healthcare's digital transformation and resolve disparities on a massive scale. We are proud to be part of this mission together." – Jamey Edwards – CEO & Co-Founder of Cloudbreak Health Basically, Cloudbreak will give UpHealth another string to its bow but UpHealth was already an enticing enough prospect. UpHealth management team: Dr. Chirinjeev Kathuria - Co-Chairman and Co-Founder. Has an MBA from Stanford, also MD from Brown. Previously co-founded NightHawk, which eventually went public. Al Gatmaitan - Co-CEO. Served as COO of IU Health, which is a top 25 health system. Martin Beck - CFO. Ex JP Morgan Healthcare Banker. Other information: Enterprise value of merged company: $1.35 billion. At this valuation UpHealth only has a 6.9x revenue multiple. Compare that to other MedTech companies such as GoodRx (20x), Teladoc (19.1x), or Hims (8.9x), UpHealth is looking relatively cheap. Expected closing date: 1st quarter 2021. Currently trading at: $10.30. Make sure you buy GIX not GIK! Only thing left to do is for the GIX stockholders to vote on the proposal (which will go through). That's why it hasn't popped yet. The time to jump in is now, before the vote. Next GigCapital2 shareholder meeting: 8th December. This is likely when the vote will be, and so is the catalyst for all future price movement. Get in before then. Why I believe this is a good play:
Positions: Shares in GIX. I think this could hit $20 over the next month 🚀🚀This does not constitute financial advice. Sources: https://uphealthinc.com/news-investors/ https://www.cloudbreak.us/solutions/ https://www.fiercehealthcare.com/tech/uphealth-cloudbreak-merge-blank-check-company-1-35b-deal https://finance.yahoo.com/news/gigcapital2-entered-business-combination-agreements-140000389.html [link] [comments]  | ||
| Record Online Sales Implications for Stamps.com $STMP Posted: 29 Nov 2020 10:39 PM PST I recently posted SOME Due Diligence on $STMP but now I wish to address the implications of recent online sales data. With renewed COVID restrictions amid the busiest shopping season of the year the implications for Stamps.com are exceptionally positive. Observe the following. $STMP has benefitted greatly from COVID. With the increase in online shopping, small and large businesses alike have sought out the online marketplace to make up for the lack of on site traffic. As a result these companies need a method of convenient and economical shipping to move their goods to the consumer. This is where $STMP shines. Stamps.com enables businesses to purchase and print postage from USPS & UPS to be picked up on site by the shipping service. In short it turns any business into an Amazon warehouse. On 05 November 2020 STMP beat their revenue estimates by $32.15 million (+42% Year Over Year), and beat GAAP EPS by $2.48 ($0.82 expected). $STMP raised guidance and now expects full-year revenue of $705M to $735M vs. $710M consensus and EPS of $10.35 to $11.35 vs. $7.91 consensus. The new revenue guidance is well ahead of the $650M to $725M outlook issued in August. This quarter e-commerce sales surged 21.6% over the year before according to Adobe analytics. In short, shoppers are using online retail, not in-store retail, which means more goods are being shipped to the consumer than ever before. Cyber Monday, the busiest online shopping day of the year, is expected to beat more records. Meaning more shipping to online shoppers. They've even coined a name for the shipping disaster: "shipageddon" Additionally Shopify Announced Record Global Black Friday Sales of $2.4 Billion. This has MASSIVE implications for Stamps.com. Stamps.com's website notes that "Using the Stamps.com integration, Shopify customers can automatically import orders and batch print shipping labels for all USPS mail classes, both domestic and international. Stamps.com's BestRate shopping engine will also help identify the most cost-effective mail class option using box size, delivery time guarantee and shipping zone. Once the USPS label is printed, the order status details such as the USPS tracking number, shipping date and mail class are automatically posted to your Shopify account. Shopify customers also get access to additional Stamps.com features such as hidden postage, discounts on USPS postage rates and insurance and return shipping labels. Learn more about the https://www.stamps.com/shipping/ecommerce-integrations/shopify/ Finally Amazon is so fearful of the shipping backlog that they're requesting their customers pick up their orders from "community hubs." More indications of massive shipping. And STMP is partnered with Amazon! So why not invest in over pumped companies like Amazon, Shopify, or any of the other massive online retailers that will no doubt benefit from record online sales? Well this is the good part! After Q3 earnings institutions and market makers decided to cool the stock off and take profit, as has happened the last three quarters. Meaning that Shopify is currently trading at a discount and will likely swing hard up until Q4 earnings. In short, retail investors, institutions, market makers, and their mothers, will likely be tripping over each other at some point to get a piece of this action. It's why I entered early with 50 shares @ $177.00 . I personally expect STMP to be well over $200 by Q4 earnings. There are two possible drawbacks. 1) For you options gurus out there, STMP contracts are very expensive. Huge swings are priced in. The money here will likely be in selling options, not purchasing them. Perhaps covered calls or cash secured puts. Perhaps spreads. Perhaps a number of other options strategies may strike your fancy. 2) When COVID is behind us, STMP will likely make more $$ than pre-COVID, but not as much $$ as mid-COVID. This said STMP will still likely continue to grow in revenue and expand into foreign markets. For example, their wholly owned subsidiary, ShipStation, is partnered with the Chinese Amazon, Alibaba (BABA). The post-COVID outlook for STMP May have already been priced in by indication of their dramatic drop in share price after Q3 earnings. Whatever the case the COVID environment has likely forever changed how we shop and STMP will be there to profit from this phenomena. TL;DR Stamps.com (STMP) is likely to have the largest quarter in their history as a result of COVID restrictions and record online sales amid the holiday shopping season. Now is the perfect time to buy the STMP dip while it's sitting over $175 support. Relative to other beneficiaries of record online sales, STMP is trading at a relative discount. I am long $STMP Please read the above before commenting about hoe expensive the options are. [link] [comments]  | ||
| Posted: 30 Nov 2020 11:56 AM PST I've been asking around about this stock for a while and the consensus opinion i seem to receive is that is undervalued and overlooked by many. I invested slightly at about $0.63 per share and dumped quite a bit more in over the past few weeks. Today, the volume has increased by over 15x its average. With articles coming out from Motley Fool, news breaking about Canada potentially using their drones for COVID vaccine shipping to rural areas and their recent agreements in India and Quebec, I still believe this stock will continue to increase (current price target among experts is around $1.50). That and the fact this stock just broke 15 consecutive green days, even on a day like today where the market is down, I feel points to a bright future. The stock itself has broken $2 before and that was on pure hype alone. Now they're actually signing deals and will soon be generating revenue, this might be the last chance to get in low. [link] [comments]  | ||
| Posted: 30 Nov 2020 02:44 PM PST Does anyone have a tried, true and tested method for tracking various stocks and price tests? Or a platform that you can put together these watchlists with friends? I'm in a few group chats with friends who trade and it's just impossible to organize all the random trade suggestions the group suggests, unless you're glued to the chat all day. [link] [comments]  | ||
| Good companies to invest in this December. Posted: 30 Nov 2020 04:32 PM PST Been getting very interested with stocks for 3 months now with a 8% increase. I'm 20 and currently invested into googl,amazon,Tesla, acb, spy, appl, aci, Microsoft, nvda gold, visa, zoom, BAC, NTDOY, STWD. I bought all in dips. Also wanting advise. Such as which way of investing would give me the most profit long term. I want to start investing more but not sure if I should just hold my money and invest in dips while also researching more stocks or should I just invest into etf or into high divided stocks or just all the above. I'm currently looking at other companies such as nio, mj, jumia. I'm looking for more ideas long term stocks for invest in. Medium risk. Thanks for any advise much appreciated! [link] [comments]  | ||
| Posted: 30 Nov 2020 05:41 AM PST Sup guys, I was wondering what everyone thought of the GME situation. What have you guys taken from it? People who invested since $5 are winning big right now, and they undoubtedly will continue winning. I suspect they'll hit over $35 maybe even $50, and I am going to invest basically all my money (not much, newly working college freshman [$130-140]) into it because I believe its not too late and its impossible to not profit from this company, despite buying now at $17. I am extremely open to advice here, and would simply like to talk about it to gain more confidence in my own choice, since pandemic ruins social interaction its hard for me to discuss stocks anywhere else but here. Edit: I wanted to add, right now, GME stands on a fine line between seeing not really success but more finding a way to keep their name forever in the game and 💩. I am new to this scene so maybe im just spewing crap on the internet right now. [link] [comments]  | ||
| Posted: 30 Nov 2020 02:25 PM PST What happend today in the market, correlation? My general strategy is to keep adding in iusa etf, tracking s&p 500, and with other amount of my money I try to invest in dividend stocks as well, and some growth stocks for short term.. Is it my strategy correct? Or to focus on the iusa etf only? I am new in investing and I am 23 years old Any advice for me?? I recently Also bought apxt, nio, palantir, kandi and alpp for only increase my gains.. Any advice, any thoughts for my strategy? [link] [comments]  | ||
| Watchlist: 11/30 November Rain Posted: 30 Nov 2020 03:49 AM PST Market Notes:Markets are pointing towards a mixed open as we bring a busy November to a close. The SPY has been down for 13 of the previous 21 final trading days of November. The major indexes are all flirting with record highs. We could see some profit-taking today as we gear up for a strong end to the year. I'm watching for support near 358 - 360 on the SPY. Watchlist:AMCI is a low float, support at $12.50, resistance at $13 SRAC is a low float, on watch RAIL is a low float, watching for a setup above $3 SOL is a low float, watching for a setup above $8 ORMP is a lowish float, key levels at $5 & $6 PIC is a lowish float, support at $15 GIK is a lowish float, support at $12.50 GME has support at $17 HIMX has support at $6.50 VSTM has support at $2 MTNB has resistance at $1.07 APHA has support at $7 [link] [comments]  | ||
| Posted: 29 Nov 2020 08:07 PM PST Really interesting read on the FAAMG companies: https://fiaz.substack.com/p/the-stagnation-of-big-tech?r=74nuo&utm_campaign=post&utm_medium=web&utm_source=copy [link] [comments]  | ||
| Posted: 30 Nov 2020 05:23 PM PST
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| Do you have to use your employers finical planner? Posted: 30 Nov 2020 01:46 PM PST My wife (30F) works for a small company, 40 or so people, her work has a SIMPLE IRA. Her employer matches 100% up to 3%. She is currently invested 5% of her paycheck. Her employer says she must use their financial planner. The fees are 1.755% she has lost roughly 11% in the past three years with the mutual funds she is currently invested in, heavily in bonds, over 50%. I asked our personal financial advisor what to do and he said to ask the benefits administrator if our finical advisor can manage the funds instead. The benefits administrator said the funds could not be moved. Is this true that we must use the employers finically advisor and the benefits administration just does not want to do the paperwork to switch it over to our own personal finical advisor? [link] [comments]  | ||
| Posted: 30 Nov 2020 01:43 PM PST Would it be a good idea to study Marketing and Sales in college? I want to really master stocking and get the most out of it but I'm not sure if this is the best way to go any thoughts? Thank you [link] [comments]  | ||
| Posted: 30 Nov 2020 04:42 AM PST Hi, I'm with Merrill Edge and they give 100% margin. If I have $100k cash, they give margin buying power of $200k. Are there any brokerages that give more? Thanks. [link] [comments]  | ||
| How do you deal with losses on the day? Posted: 30 Nov 2020 02:19 PM PST Curious to see how everyone deals with losses or unexpected outcomes? I did not have an ideal day today and was just curious to see how you all deal with those type of days? You just chalk it up to bad luck? How to try and recover? Thank you in advance! [link] [comments]  | ||
| Directory that list US sectors and the public companies. Posted: 30 Nov 2020 01:49 PM PST I'm looking for a Directory that list US sectors and the public companies. For example, if you click Technology sector, it should list all the publicly traded companies that are part of the Technology. yahoo finance used to have this list while back. I can't seem to find it anymore. WSJ have the list, but it list all the companies, and I can't see them based on a sector or industry. Can anyone able to tell me where I can find this info? Any help is appreciated. [link] [comments]  | ||
| How can I see where people are investing in the market from and how many people are participating? Posted: 30 Nov 2020 12:32 PM PST I would like to see a graph or chart or something indicating to me where people are living who are investing in the NYSE. So something like 5,000,000 people from New york City, 3,000,000 people for Los Angeles, 1,000,000 from Toronto, stuff like that. [link] [comments]  | ||
| Thoughts on Nikola? Buy Sell or hold? Posted: 30 Nov 2020 04:13 PM PST I want to hear your thoughts on Nikolas Stock. Is it a bargain right now to buy or a stock on a sinking ship headed for rock bottom? It seems like every major news event regarding the company is never good. Is it worth buying and hoping for a turnaround? [link] [comments]  | ||
| Posted: 30 Nov 2020 04:00 PM PST So we all heard about the Fed and their unlimited loans for anyone who needs it back in April to help with any company so they don't go belly up, so how did Hertz and some of the other companies go bankrupt if they can just borrow "free" money from the Fed? [link] [comments]  | ||
| Posted: 30 Nov 2020 03:57 PM PST Any thoughts on how the recent legalization in Mexico may influence cannibis stocks in the US? I have some money in Aphria (APHA) and it has done very well for me over the past few months. I am hoping it keeps performing well. [link] [comments]  | ||
| Posted: 30 Nov 2020 03:40 PM PST Wait question With stocks are you supposed to be constantly buying and selling the same stock? Like for example let's say I invested $1000 in Bestbuy and that stock went up making that $1000 worth $1300. Would I sell the $1300 and rebuy the stock or would I just let the $1000 stay and it continue to build up [link] [comments]  |
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