• Breaking News

    Thursday, November 5, 2020

    Stock Market - What stocks are you eyeballing for next week?

    Stock Market - What stocks are you eyeballing for next week?


    What stocks are you eyeballing for next week?

    Posted: 05 Nov 2020 10:27 AM PST

    Here is a Market Recap for today Thurs, November 5, 2020. Please enjoy!

    Posted: 05 Nov 2020 01:35 PM PST

    PsychoMarket Recap - Thursday, November 5, 2020

    Stocks kept rallying today, extending this week's gains, as market participants closely monitored the outcome of the US presidential election, which currently hangs in the balance with several key states still counting the votes. The surge in mail-in ballots this year caused this delay in vote-counting.

    The market has rallied strongly at the likelihood that the White House and Senate will be split, meaning one is Republican and the other Democrat. While a split government would likely reduce the size of a new stimulus bill, it greatly lowered the odds that any new regulation or policy change from the Democrats could be passed.

    Stephanie Miller, managing director of Fiscal Note Markets, said, ""What Wall Street wants more than everything is for nothing to happen in Washington. There is so much of a bias for a static policy environment – that you can actually make business decisions and have those decisions hold the test of time beyond a couple of years. And so more gridlock in Washington tends to be better."

    Several key swing states, most notably Nevada and Pennsylvania, have yet to finish tallying their votes. As of the time of writing, Joe Biden has 264 electoral votes to President Trump's 214, according to the Associated Press. Biden only needs Nevada's 6 electoral votes for victory. Candidates need 270 electoral votes in order to win the election. Results below are taken from the Associated Press.

    • States called for Trump: Ky., W. Va., S.C., Ala., Miss., Tenn., Okla., Ark., Ind., N.D., S.D., Wyo., La., Neb. (4 of 5 electoral votes), Kan., Mo., Idaho, Utah, Ohio, Iowa, Mont., Fla., Texas
    • States called for Biden: Vt., Va., Conn., Del., Ill., Md., Mass., N.J., R.I., N.Y., N.M., D.C., Colo., N.H., Calif., Ore., Wash., Hawaii, Minn., Ariz., Maine (3 of 4 electoral votes), Wis., Mich.

    In the Senate, the "blue wave" Democrats were hoping form didn't materialize. Democrats look like they are going to net just a single new seat in the Senate, leaving a high likelihood that Republicans maintain control. In Georgia, both Senate seats up for election this year could head to runoff contests in January, based on results in the state as of Thursday, according to the Associated Press.

    Republican Sen. David Perdue held 50% of the vote Thursday morning. If that tally ends up below the 50% mark, he'll face Democratic challenger Jon Ossoff on Jan. 5 in a runoff. The other Georgia Senate seat contested between GOP Sen. Kelly Loeffler and Democrat Raphael Warnock, senior pastor of Ebenezer Baptist Church in Atlanta, already appears headed to a runoff next year. The races could play an important role in the makeup of the new Senate, though Republicans are likely to keep their majority.

    In an unfortunate note, the US again broke the record for new daily coronavirus cases with 100,000 new cases yesterday. Fifteen states set new daily records for infections Thursday, including Missouri, Washington, Nebraska, West Virginia, Pennsylvania, Idaho, Iowa and North Dakota, according to data tracked by The Post. Eleven states — including Iowa, Missouri, West Virginia, North Dakota, Nebraska, Idaho, Oklahoma and Minnesota — reported record numbers of patients hospitalized with covid-19, according to data tracked by The Washington Post.

    The Federal Reserve held short-term borrowing rates near zero in a decision Thursday that characterized the economy as growing but not near where it was before the coronavirus pandemic hit.

    Highlights

    • Another 751,000 American filed first-time unemployment claims last week, worse than the 735,000 expected, with elevating COVID cases slowing down pace of recovery for labor market.
    • Tencent (TCEHY) passed Alibaba (BABA) as the most valuable Chinese company after BABA's recent pullback
    • General Motors (GM) announced it beat profit estimates as the company mounts a remarkable comeback during the pandemic. Additionally its CEO, Barra reiterated that the company is 100% committed to EV.
    • Chinese EV companies were HOT today. NIO, Xpeng (XPEV), and others were up double digits!
    • Industries like Solar energy, weed stocks, electric vehicles, and others that favor a Biden presidency were on fire today.
    • Allstate (ALL) target raised by Bank of America (BAC) from $147 to $149. Notable because the stock is only around $92.
    • Biogen (BIIB) target raised by SVB Leerik from $342 to $402 at OUTPERFORM. BIIB jumped more than 30% after-hours after FDA says it has enough data to support approval of the company's experimental Alzheimer's drug Aducanumab.
    • Ameriprise Financial (AMP) target raised by Royal Bank of Canada from $187 to $200. Stock currently around $168.
    • GoDaddy (GDDY) with multiple target increases. Stock currently around $80.
      • Piper Sandler from $86 to $93 OVERWEIGHT
      • Rosenblatt Securities from $96 to 100 BUY
    • Cedar Fair (FUN) with several target increases. Stock around $28.
      • Credit Suisse from $37 to $42 at OVERWEIGHT
      • B. Riley from $35 to $340 at BUY
    • Innovative Industrial Properties (IIPR), a weed REIT, got target increase by Roth Capital from $150 to $160. This is one we really like at Psycho.
    • Hologic (HOLX) with several target increases. Stock currently around $74.
      • Needham & Co from $78 to $88 at BUY
      • SVB Leerik from $80 to $94 at OUTPERFORM
    • LYFT with target increase by Deutsche Bank (DB) from $52 to $55 at BUY. Stock around $29 and is one fire after passage of Prop 22 in California.
    • Mercado Libre (MELI) with several target increases. Stock currently around $1315. Ecommerce in Latin America.
      • Deutsche Bank (DB) at $1530 BUY
      • Barclays at $1460 OVERWEIGHT
    • Qualcomm (QCOM) with many notable target increases from Barclays, Bank of America (BAC), Cowen, Rosenblatt Securities, and Keycorp all with BUY rating or better with $170 average target.
    • Qorvo (QRVO) with several notable target increases. Stock currently around $134.
      • Bank of America (BAC) at $170 BUY
      • Needham at $200 BUY
      • Barclays at $160 EQUALWEIGHT
      • Cowen at $170 OUTPERFORM
    • UBER target increase by Deutsche Bank (DB) from $38 to $54 at BUY. Stock been rallying because Prop 22 was passed in California
    • T2 Biosystems (TTOO) target increase by SVB Leerik from $3 to $4. Notable because the stock is only $1.50 right now.
    • UnitedHealth Group (UNH) with target increase by Credit Suisse from $355 to $395 at MARKET-PERFORM. We really like this one at Psycho and have traded it before
    • Vivint Smart Home (VVNT) had a target raised by JP Morgan (JPM) from $30 to $34 at OVERWEIGHT. Notable because the stock is currently $17

    "By and large, life will give you what you deserve" -Ray Dalio

    submitted by /u/psychotrader00
    [link] [comments]

    Tesla Project to Install Another Giant Battery in Australia

    Posted: 05 Nov 2020 06:49 AM PST

    https://www.bloomberg.com/news/articles/2020-11-05/tesla-project-will-install-another-giant-battery-in-australia

    Installing the new system in Australia's second-most populous state will help to modernize and stabilize the local grid, which is targeting 50% of its power to come from renewable sources by 2030, Neoen said Thursday in a media release. The Paris-based company is targeting the battery to be operational by the end of 2021.

    Battery storage technology is being deployed on an ever-growing scale to meet demand to back-up the surge in wind and solar power generation. About $951 billion will be invested in the technology through 2050, with two-thirds deployed on utility-scale systems, according to BloombergNEF forecasts.

    This is a positive development for tesla. Battery storage technology is going to be a big future trend, and tesla is researching and developing the technology to be ready for future. With ev and battery storage tech, tesla is definitely a solid long term growth stock.

    Thanks for the award.

    submitted by /u/coolcomfort123
    [link] [comments]

    Watchlist: 11/5 The President Doesn't Matter

    Posted: 05 Nov 2020 05:09 AM PST

    Market Notes:

    The market is not very concerned about who the President of the U.S. is. The market was looking for some certainty on election day and got it.

    We are fairly certain that Congress will remain split. Split Congress market returns outpace united government by a long shot.

    I expect the current rally to continue. Yesterday we had solid gains all around and this morning futures are pointing toward a higher open. I'm Bullish.

    Watchlist:

    APVO is a low float, on watch, maybe support around $12

    OIIM is a lowish float, watching for a setup above $8

    SAVA is a lowish float, resistance at $12

    OCUL watching for a setup above $12

    UPWK is an earning winner, on watch

    MGNI has support at $10

    IMGN key level at $6

    submitted by /u/tradingforkeeps
    [link] [comments]

    recent history of "top movers"?

    Posted: 05 Nov 2020 05:04 PM PST

    Hi. Every day, Robinhood shows the stocks that moved the most so far that day, whether positive or negative.

    I want to figure out if a strategy involving those stocks would work, not just once or twice or thrice, but consistently. So I need to do a bit of analysis.

    I've found a site I could use to download stock data for individual stocks, once I know which stocks. Problem is, Robinhood only shows what's moved the most each day. I need to see a week's or month's worth of stocks that moved a lot in one day. Preferably organized by day (these stocks moved the most and changed by these percentages this day, these other stocks moved the most and by these percentages the next day, etc).

    Is there any website that has this information? or will I have to just make table of top movers on Robinhood every day and work with what I build up for a few weeks?

    submitted by /u/MaxDG1013
    [link] [comments]

    Don't listen to others, Period.

    Posted: 05 Nov 2020 02:15 PM PST

    Dont listen to anyone, literally no one. When you buy or sell something (Stocks/Options etc), do your due diligence (DD) ie. read about the company, its goals/plans, competitors etc. DD *DOES NOT* mean reading what others have to say. I would also say dont over analyze those silly ratios that other want to scare you with.

    NO ONE knows where the company/stock with head tomorrow. No one is going to think for you - we all have our vested interest. When someone says buy something, it can mean various things - either they want others to buy so it makes them feel more secure and validate their purchase or they want to buy but dont have the courage to buy it worried about the long/short term, I mean you get the point.

    Why I say this - I am a small time rookie options trader. I rarely read about other's opinions. past one month I had been trading TTD and doing fairly well except this one time I got hit hard but still overall good profit. Then I started looking at all kinds of charts and reading seeking alpha comments. It just made me doubt myself and I sold off leap options when they were low at around $585 last week. I knew TTD has a history of beating earnings and stocks spike but I got carried away with other people's emotions (FEAR) and sold off, at bear minimum margin.

    I just checked TTD earnings and it sky rocketed (I could have been off those monster student loans today and resigned first thing tomorrow morning - I was holding a good position)... Oh well !

    screw those old nuts at seeking alpha who still trade like warren buffet style and miss out all the good opportunities.

    Thanks a lot for listening and sorry about the rant. But I still mean it - Ratios only make sense for Investment bankers to thug and fool others. Do your own research and dont give a squat about others opinions. If they really wish good for you, ask about $100 as a gift.

    Good Night.

    submitted by /u/karmaisinevitable
    [link] [comments]

    What are our thoughts on Cloudflare (NET) earnings after hours today?

    Posted: 05 Nov 2020 07:50 AM PST

    Cloudflare NET is slated to release third-quarter 2020 results on Nov 5.

    Notably, the company completed its initial public offering (IPO) last September. Ever since, it has reported four quarterly earnings. In the last reported quarter, Cloudflare's bottom line beat the Zacks Consensus Estimate by 50%.

    Management expects third-quarter revenues between $102.5 and $103.5 million. The Zacks Consensus Estimate for the top line is currently pegged at $103.1 million. Notably, the consensus mark for loss has remained unrevised at 5 cents per share for the past 30 days.

    Cloudflare's diversified customer base is anticipated to have aided top-line growth during the third quarter. At the end of the second quarter, the company had more than 3 million free and paying customers. Moreover, it had added roughly 7,000 new paying customers, bringing the total count to approximately 96,000 across more than 160 countries.

    Large customers (annual billings of more than $100,000) were 637 at second-quarter end, up from the 536 recorded at the end of the first quarter. The company's large customer base witnessed a CAGR of 80% during the 2016-2019 period. This momentum is likely to have continued in the to-be-reported quarter as well on elevated demand for its cloud-based solutions amid the pandemic-led remote-working wave.

    Further, Cloudflare's recurring subscription-based business model provides relative stability to its top line despite the COVID-19 pandemic-induced disruptions.

    Additionally, solid demand for security solutions, which became imperative due to aggravated cyberattacks, bring-your-own device policies and a zero-trust approach, is likely to have supported the top line in the quarter under review.

    However, Cloudflare's significant exposure to small and medium businesses (SMBs), the worst-hit cohort by the pandemic, might have impeded growth during the quarter to be reported.

    https://finance.yahoo.com/news/whats-store-cloudflare-net-earnings-135701644.html

    submitted by /u/Unbiasedtruth2016
    [link] [comments]

    But Tesla is just a car company they said...

    Posted: 05 Nov 2020 03:49 PM PST

    A battery covering an area the size of a football stadium is planned to come online next year in Victoria, Australia. French renewable energy company Neoen announced yesterday that it received a contract to build the 300MW battery, which would become one of the largest in the world.

    The new battery would be more than twice the size of another one operated by Neoen in South Australia, which was the largest lithium-ion battery in the world when it came online in 2017. Like the older battery, the new one will use Tesla's technology. The one in Victoria will be made up of Tesla's new Megapacks, which were unveiled last year. The Megapack was developed to replace fossil-fuel-burning "peaker" plants that come online during demand peaks.

    The aptly named Victorian Big Battery is also supposed to save residents money on their energy bills over time. Consumers will see a charge on their electricity bill for using the battery but should expect to see $2 AUD in benefits for every $1 invested, according to an independent analysis. The projected savings have some precedent: the giant battery built in South Australia in 2017 saved consumers $150 million AUD in the first two years of operation, according to Neoen.

    https://www.theverge.com/21551342/australia-power-grid-victorian-big-battery

    submitted by /u/redmars1234
    [link] [comments]

    ABC. Market Reports

    Posted: 05 Nov 2020 09:37 AM PST

    I have been looking at clear technical indicators in the Dow Jones. Nasdaq. And S&P500. And suggests that we have a few more bumps to feel on this road before we can open up the economy and return growth to index performance.

    submitted by /u/ilikeike09
    [link] [comments]

    $AVTR Had 3 Common Stock Offerings Since May

    Posted: 05 Nov 2020 02:27 PM PST

    May-18-20 04:05PM Avantor® Announces Secondary Offering of 45,000,000 Shares of Common Stock

    Aug-19-20 04:14PM Avantor® Announces Secondary Offering of 38,500,000 Shares of Common Stock

    Nov-04-20 04:05PM Avantor® Announces Secondary Offering of 71,339,001 Shares of Common Stock

    This totals the amount of stock to 150 Million+ stock since May! I'm new to investing, but isn't a company that prints their stocks going to dilute the stock's value down to oblivion? I have other stocks as well, but none offer this much or this often. Is this a sign that the company is not doing well? Or is this just a company that is taking advantage of the cheap interest rate from the banks (primary market)? This scares the shit out of me.

    submitted by /u/KomputerIdiat
    [link] [comments]

    What price does my stock sell at?

    Posted: 05 Nov 2020 11:50 AM PST

    If I sell my stocks when the market is open, I assume it gets sold at it's price at that moment (correct me if I'm wrong). If I sell when the market is closed, does it get sold at that day's closing price, or next day's opening price?

    submitted by /u/QuietTomatillo
    [link] [comments]

    Cloud etf

    Posted: 05 Nov 2020 07:32 AM PST

    I don't see much discussion on cloud etfs. Just from observing how storage and game streaming is going the cloud seems to be a integral part of future entertainment. What are people thoughts on this? I can only see this going up over the long term.

    submitted by /u/PhotopiaP
    [link] [comments]

    What would happen to an index fund

    Posted: 05 Nov 2020 11:04 AM PST

    If a bunch of public companies in the index suddenly went private at the same time? Let's say a good percentage of the companies get bought out by private equity firms at the same time.

    Would the price drop because of the lower total market cap or go up because of all the cash from the buyout? Would it stay the same?

    submitted by /u/thetoughact
    [link] [comments]

    Thoughts on Komp etf (cross post)

    Posted: 05 Nov 2020 06:46 AM PST

    Qualcomm stocks jumps, what does I mean for Apple stock? Stock market news, updates & predictions [11-4-2020]

    Posted: 05 Nov 2020 06:03 AM PST

    Qualcomm just surged 13% what does this mean for Apple? What's going on in the stock market, let's talk about it BANNER

    Hey everyone and Welcome I am going to react to the latest Qualcomm earnings and what they mean for Apple as well as a quick update of the stock market and what's coming next

    So Qualcomm stock jump after the bell yesterday at one point being more than15% up but closing the after-market session up almost 13%. The company beat the Non-Gaap and GAAP by more than 25 cents and beat the revenue estimates by more than 500 million dollars. EARNINGS That is a increase of more than 35% year over year and the company offered great guidance for next quarter as they expect to see a even bigger increase in EPS and revenues beating the outlook expectation on that also. The company also estimates that next quarter they will also more than double the shipments of 5G handsets, a increase of more than 200million units is expected that suggests that the iPhone 12 sales are very good. Qualcomm is a very good company to own for the futures, the 5G cycle in coming and the company will benefit a lot from this, while they offer both growth and value by giving out dividends. QCOM FINANCIALS Apple is using the companies modem and other complementary chips in the iPhone 12 lineups so expect Apple to do very well in the next quarters, as some other suppliers like SkyWorks Solutions also saw an spike in demand. Apple will continue to be a stellar company for the foreseeable future with the likes of the Apple One bundle just launching.

    Apple is also more than 20$ from it's all time high and has finally broken the down trend that started in October, as it has found a level at around 115$ were I believe will have a lot of support and upside from here. The Rsi also indicates the company is a buy at the moment, far away from overbought conditions. Apple stands to benefit from easing antitrust issues also now, with a big tech brake up a lot less likely now. Apple Chart

    Yesterday we saw a big jump in most of the stock market, with the tech heavy Nasdaq 100 leading the way up more than 4,4% Nasdaq CHART, while the S&P also rose more than 2% S&P CHART and the Industrial heavy dow jones was the laggard only being up 1,3% DOW CHART . The Volatility Index (VIX) or the fear gage in the stock market also saw a huge drop of more than 16%, closing the day under 30 for the first time since the middle of october VIX CHART. There wasn't to much breath in the stock market though as only 51% of the companies were advancing but we did see a huge difference in new highs vs lows. The average trading volume is still down but I expect that to regain momentum in the next period CHART . The leaders of the rally yesterday were the Health Care, Communications, technology and consumer discretionary while the laggards were materials, utilities, financials and industrial all being down more than 1% as a hole CHART . The momentum and growth stocks especially the large caps were the leaders yesterday as small cap and value plays did suffer CHART . Here is a heat map CHART of the stock market as The biggest losers yesterday were companie like Caterpillar, Vulcan Materials and united rentals while the biggest winners were the tech companies with the likes of Uber and Lyft which received great news from California as well as Faceook, Paypal and also we saw some great gains from the health sector with United Health and Biogen which had some great announcement for the Alzheimer treatment.

    I was very interested to see what the US crude oil inventories will show yesterday and we have received some great news as the inventories decreased by almost 8 million barrels as they were expected to increase by almost 1 million. That is a huge difference and seems to be pointing to a great restart of the economy with the inventories mostly decreasing since July. OIL CHART

    Today i will closely watch the Fed announces as they still expected to hold the short term rate at a quarter of a percentage

    Today we will finally here from Peloton as they will release earnings results with the EPS estimate at 12 cents, I do believe they will beat this and i expect it to be in the same ballpark as last quarter at least. I believe the company will continue to grow especially with the lower priced products becoming available and the subscription based model which provides a very stable recuring revenue stream. PELOTON EPS

    Meanwhile Pre-Market trading has started in the green again as the Nasdaq100 leads the pack again, up more than 2% with both the S&P and the Dow being up around 1%. PRE-MARKET

    Also while recording this video Alibaba just announced a beat of EPS but a miss on revenue,which missed by 500milion $ but is stil 30% up year over year. The monthly active users also increase 7 million since last quarter giving the company a continued user growth, the stocks was up about 3% in pre-market before the announcemt but has since dropped to a lose of about 3%. ALIBABA EPS

    Thank you everyone for reading! Leave a comment down below with your opinion!

    Have a great day and see you next time!

    submitted by /u/0toHeroInvesting
    [link] [comments]

    Buying ETFs long-term through a CFD with no leverage.

    Posted: 05 Nov 2020 09:15 AM PST

    Hello there, Romanian citizen here and as most of you know, the laws in Europe don't "allow" you to own some USA ETFs or stocks. Although some brokers give you the choice to acquire them through a CFD with no leverage ( VOO for example ). At first glance, it looks like they have the same risk as direct trades. I am looking to invest long term ( >15yrs). But I am not sure if it's the right thing to do since you don't actually "own" them. Are there any "hidden" risks? What's your opinion on this? Thanks in advance!

    submitted by /u/Adrien05
    [link] [comments]

    I just want consistent and steady growth that’s better than current savings account rates. Stock market scares me so I’m looking for the safest but also decent returns method for investing. Found this video showing how to supposedly do this. Would this strategy work in today’s environment?

    Posted: 05 Nov 2020 08:27 AM PST

    I found this video on youtube explaining some billionaire investor Ray Dalio using diversification to maximize gains while having way less volatility than the SP500... sounds too good to be true. Is this BS?

    submitted by /u/Misterangry11
    [link] [comments]

    Why are stock so high right now?

    Posted: 05 Nov 2020 08:18 AM PST

    Is political instability not a main factor in the stock market? I understand the idea that the president of the US may not matter that much to stockholders, but still, the US is very unstable right now. We are likely headed to a month+ long legal fight over the election, and even though a Biden win appears likely Trump is probably not going to concede ever. The US is generally a pillar of political stability but right now it doesn't seem to be that way, so I am just confused why the stock market seems to be ignoring this

    submitted by /u/bbman5520
    [link] [comments]

    Which do you prefer and why - stocks or options and why?

    Posted: 05 Nov 2020 12:39 AM PST

    New investor here and was wondering why the community posts are mostly about options and not stocks.

    I understand both asset types but I feel like am missing something here

    Thanks

    submitted by /u/Smoking_Guru
    [link] [comments]

    When should I start trading seriously

    Posted: 05 Nov 2020 08:02 AM PST

    I've been trading for about a year and Since March I've made about 425%. I don't know if I should be investing more money or not I started with $45 and I'm worried if I put more money in I'll start panicking.

    Is this a good percentage or not? I really don't know what actual traders make so I can't judge if I doing well or just ok

    submitted by /u/Mjake0036
    [link] [comments]

    Which food delivery service will win?

    Posted: 04 Nov 2020 09:00 PM PST

    Uber eats is buying up post mates, and Grubhub is being bought (while also being sued).

    Grubhub has far fallen from its peak of $146 in September 2018 while doordash is on the brink of opening?

    Do you think any of these places are going to be falling in 10 years and only Uber eats and doordash will be around?

    submitted by /u/UniversityIDNumber
    [link] [comments]

    No comments:

    Post a Comment