• Breaking News

    Tuesday, November 3, 2020

    Home Unlabelled Stocks - ELECTION MEGATHREAD (STOCK RELATED DISCUSSION ONLY)

    Stocks - ELECTION MEGATHREAD (STOCK RELATED DISCUSSION ONLY)

    November 03, 2020

    Stocks - ELECTION MEGATHREAD (STOCK RELATED DISCUSSION ONLY)

    ELECTION MEGATHREAD (STOCK RELATED DISCUSSION ONLY)

    Posted: 03 Nov 2020 02:02 PM PST

    As you can imagine we have had a slew of questions over the past few weeks around the election, how to play it, what implications are if either candidate wins.

    PLEASE direct all related questions and thoughts here.

    DO NOT discuss politics, harass other users, accuse either side of anything. r/stocks is for Stock discussions only. All other comments will be removed.

    Bans will be given out for people trolling, harassing or insulting other users.

    Please use the Report button on inappropriate and non stock/investment related questions.

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

    To Everyone Telling the Amazon Kid to Diversify

    Posted: 03 Nov 2020 05:10 AM PST

    If you're 21 with the financial ability to drop $16k in the market, the risk-return of betting big on one company makes more sense. Everyone saying "VOO, SPY, etc. is much smarter; NEVER go more than 10% on one position" is being a bit ignorant in my opinion.

    Diversification preserves wealth, concentration creates it. There's nothing wrong with taking a higher percent stake in a company that you believe will outperform the broader market.

    "SEARS used to be Amazon, what happened to that?" Sears didn't drop to 0 in a day. Follow your investments accordingly. However, I have yet to see Amazon being disrupted like Sears was years ago.

    It's not a sin to invest in individual companies lol, there's more to life than DCAing an index fund. Preaching indexes and mutual funds doesnt make you wiser, it just shows you have a lower risk tolerance.

    submitted by /u/BarmeIo-Xanthony
    [link] [comments]

    AMD is a steal at $75

    Posted: 03 Nov 2020 01:30 AM PST

    [Repost:Had to take out a youtube link]

    I have been a long-term investor in AMD and there was a lot of news to unpack in the last weeks as well as an election coming up today. I wanted to give my opinion on the current state of AMD and why at current levels this company is an incredible opportunity for the medium- to long-term investor.

    ​

    So three 3 major events happened in the last few weeks that I want to address:

    ​

    Q3 Earnings Report

    First of all their Q3 results were above expectation again (same as in Q2). EPS = 0,41$ beating 0,36$ expectation and revenue = 2,80B beating 2,55B expectation. While keeping gross margins at 44%. Note two things here: first of all beating your expectation again in the current COVID pandemic. But also the exponential growth comparing to Q3 2019/Q2 2020. It indicates that AMD is really taking off. Meanwhile their stock price is still at the same levels as after Q2 earnings (75$).

    ​

    35B Xilinx Takeover

    Then there was one of the reasons why the stock price went lower, namely the Xilinx takeover. Since I am not familiar enough with Xilinx I will let the following articles explain why this deal is a good deal from a fundamental standpoint:

    AMD's 35B acquisition of Xilinx is another stroke of strategic brilliance

    AMD buys Xilinx, troubles mount for Intel

    Since this takeover is completely financed in stock, this has a downward effect on the stock price in the short-term. This is mainly because arbitrage traders buy Xilinx stock and sell AMD to take advantage of the price discrepancies. This means that the selling of AMD stock is not initiated from a valuation standpoint of AMD itself, hence there is a buying opportunity for the AMD shareholder. The main takeaway from this merger is, as Dr. Lisa Su puts it, the increase in TAM: Total Available Market. The takeover opens an array of markets; including automotive, aerospace and defence. Plainly said: more markets>more chips to sell> >more profits.

    ​

    New GPU Reveal

    Then there was the revealing of their news 6000 Series graphics cards. As you can see in the presentation the new cards can go head to head with market leaders NVDA's cards. This is a market where AMD performed poorly before. This means two things: a possibility to increase market share but more importantly: their technology is enhancing so well they can even compete with NVDA in the GPU market.

    This has a lot to do with the fact that Dr. Lisa Su is an Electrical Engineer and AMD (after the Xilinx merger) has 13,000 engineers under employment. As Jim Cramer said: He stopped being an Intel hawk when they appointed a MBA as CEO

    RISK

    Of course there are still risks in investing in AMD as well. First off we have the (global) market risk, especially with the current election coming up. However, in the long-term both Biden or Trump won't stop the semiconductor market from growing at a similar rate as it has been so far. The only risk is the geopolitical risk, because AMD heavily relies on TSMC (a Taiwanese company) for their production. But this is a segmented-market risk as well since NVDA and Apple also rely on TSMC. And with the current projection of Biden winning the election, hopefully US-China relations will improve in the near future. And hey, no risk no reward right?

    ​

    Conclusion

    I've been a long-term investor in (mainly) two companies, the other one being ASML. I saw the potential of ASML getting a monopolistic position in the EUV technology and invested heavily in them when their stock was around 80-90 euro. ASML doesn't have the same potential anymore as AMD has now. Especially since AMD is still trading at the same levels after their Q2 update. I shifted my portfolio more towards AMD, and I am suggesting you do the same.

    ​

    Positions:

    AMD: 3,000 shares, 6,500 LT Warrants.

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

    Elon Musk says Tesla was ‘about a month’ from bankruptcy during Model 3 ramp

    Posted: 03 Nov 2020 10:16 AM PST

    On Tuesday, Tesla CEO Elon Musk tweeted that his electric car company had been about a month away from bankruptcy in recent years when it was still figuring out how to mass-produce the Model 3 electric sedan.

    In the middle of a discussion about Tesla's fundraising history, a follower asked, "How close was Tesla from bankruptcy when bringing the Model 3 to mass production?"

    Musk replied: "Closest we got was about a month. The Model 3 ramp was extreme stress & pain for a long time — from mid-2017 to mid-2019. Production & logistics hell."

    In early 2019 -- when Tesla was manufacturing fewer than 63,000 Model 3′s per quarter -- Elon Musk raised billions by promoting Tesla's self-driving ambitions at an Autonomy Day event and in calls with institutional investors.

    At that time, Musk and other Tesla execs said in quarterly financial filings and investor calls that the company would be able to fund its business needs with existing cash flow, but the company was raising just in case of a recession or weak global auto demand.

    A fan commented on Musk's agreement in 2018 to remain as Tesla CEO, working for no salary but instead racking up the rights to buy shares in the company later at locked in prices, if the business meets certain milestones.

    Musk replied, referring to his other venture, SpaceX: "Yes, although I didn't expect the stock to rise so much so soon. The reason for the stock options is that they're needed to help pay for humanity to get to Mars in 10 to 20 years."

    Source

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

    Nio price target upped to $34 at Deutsche Bank

    Posted: 03 Nov 2020 09:57 AM PST

    https://www.marketwatch.com/story/nio-price-target-upped-to-34-at-deutsche-bank-2020-11-03

    Analysts at Deutsche Bank on Tuesday raised their price target on the American depositary receipts of Nio Inc. NIO by $8 to $34, following another record sales month for the Chinese electric-car maker and the belief that its order book will "remain robust." The analysts reiterated their buy rating on the stock. There's some risk that Tesla Inc. TSLA could cut the price of its locally made Model Y, "which could potentially hurt near-term sentiment and slow Nio's order book momentum considering it would be a direct competitor to Nio's EC6 and ES6 vehicles. "Beyond that, as BEV adoption increases and word of mouth spreads ... we continue to believe NIO can take material share in the premium segment as consumers begin to understand the value proposition and quality of its products and services," analyst Edison Yu said in a note. Nio's ADRs surged on Monday after news its sales doubled in October. The ADRs have gained more than 760% this year, compared with gains around 5% for the S&P 500 index. SPX

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

    Nio is valued more than Tesla in terms of delivery numbers.

    Posted: 03 Nov 2020 11:50 AM PST

    NIO is valued more than Tesla in terms of delivery numbers. NIO's market cap is 40 billion whereas Tesla is 400 billion. Tesla delivered 140k vehicles in Q3 with positive EPS whereas Nio delivered 12k vehicles with most probably negative EPS. NIO's delivery numbers are almost 12 times less than Tesla. At this valuation NIO is expected to grow faster than Tesla. And it doesn't even account for Tesla's innovation in batteries and self driving. No thanks, I will just invest in Tesla. Tesla is already expanded to various parts of the world whereas Nio is only in China. Think about the capital needed to expand in other countries and also Anti-China sentiments all around the world.

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

    Here is a Market Recap for today Tuesday, Nov 3, 2020. Please enjoy!

    Posted: 03 Nov 2020 01:04 PM PST

    PsychoMarket Recap - Tuesday, November 3, 2020

    Stocks added to Monday's gain in the final market session before the US presidential election. Market participants weighed a host of different outcomes for the election against the backdrop of the ongoing coronavirus pandemic, economic strain, and heightened social unrest.

    The indices traded choppily but ended the day in the green. The tech-heavy Nasdaq (QQQ) finished 1.73% up, the S&P 500 (SPY) finished 2.73% up as well, and the Dow Jones (DIA) performed the best, up 2.02%.

    Regardless of who wins the presidency, the result is very likely to drive short-term volatility, especially given the political divide and social unrest present in the United States. Any potential outcome from the election is likely to disappoint a large portion of the population, leading to uncertainty and anxiety that could inject volatility into the market. For example, after the 2016 election, the S&P 500 future slumped around 5%. The index went on to recuperate these declines to finish 1% higher by the end of the first post-Election session. Neil Shearing, chief economist for Capital Economics said, "The experience of 2016 suggests that investors should be careful about taking strong positions on political outcomes and, worse, mechanically translating those to market outcomes."

    Given the coronavirus pandemic, there has been a surge of early and mail-in voters this year. This could potentially mean that the results of the elections may not become until later on in the week, an outcome sure to negatively affect the markets. According to the US Elections Project,as of this morning, more than 100 million Americans cast their votes early, more than ⅔ the total numbers of voters during the 2016 election. According to Yahoo Finance, if turnout like this holds up, this election could have the highest voter turnout in 100 years. According to Quinnipiac's final pre-election poll, Joe Biden has an edge in the national polls. However, when looking at key swing states, Biden's lead is considerably narrower.

    The US Senate is also holding elections this year. The combination of which party takes control of the White House and Senate is another issue of major concern. According to Blackrock Analysts, "We believe a Democratic sweep could pave the way for a new round of large-scale fiscal stimulus and boost spending on clean energy, transport, and housing. It may also bring higher taxes for companies and the wealthy. A Biden win with a Republican-controlled Senate would likely lead to much less fiscal stimulus, little public investment, and no major tax changes," the analysts said. Fiscal stimulus under a second Trump term may lie somewhere between these two scenarios, we believe, while public investment could be similarly small as under a Biden divided government."

    Highlights

    • McKesson Corp (MCK) on Tuesday said it and two other major U.S. drug distributors could be expected to pay up to $21 billion under a new proposal to resolve thousands of lawsuits alleging they helped fuel the U.S. opioid crisis.
    • Twitter (TWTR) said in a filing with the Securities and Exchange Commission that the company's board of directors had reviewed CEO Jack Dorsey's leadership and will allow him to remain as CEO. The company also announced a stock buyback plan worth around $2 billion. The price action of the stock should be interesting moving forward.
    • The Shanghai Stock Exchange suspended Ant's blockbuster IPO late Tuesday, a day after four regulatory agencies summoned Mr. Ma and the company's top two executives to a closed-door meeting. The company said a concurrent Hong Kong listing would also be suspended. Ant plans to return the funds it has collected from investors who subscribed to its IPO, which had been on track to raise at least $34.4 billion in total. "Ant Group apologizes for the trouble this has caused investors," it said in a post on Chinese social media. Alibaba (BABA) was down 8% today in sympathy.
    • Amedisys (AMED) target raised by Barclays from $290 to $298 at OVERWEIGHT. Stock currently around $254.
    • Estee Lauder (EL) with multiple positive target increases. Stock currently around $223.
      • Deutsche Bank (DB) from $258 to $259 at BUY
      • Morgan Stanley (MS) from $240 to $260 at OUTPERFORM
    • Horizon Therapeutics (HZNP) target raised by BMO Capital from $105 to $110 OUTPERFORM. Stock currently around $73.
    • Jazz Pharma (JAZZ) with multiple target increases. Stock currently around $147.
      • SVB Leerink from $194 to $202 OUTPERFORM
      • Barclays from $225 to $233 OUTPERFORM
      • Royal Bank of Canada from $170 to $180 OUTPERFORM
    • Leidos (LDOS) target raised by Credit Suisse from $120 to $131 at OUTPERFORM. Stock currently around $85.
    • Mercado Libre (MELI) target raised by Credit Suisse to $1,484 at OUTPERFORM. Stock currently around $1215 and has been a monster this year. Ecommerce company in Latin America
    • Inspire Medical (INSP) with two target increases. Stock currently around $122.
      • Robert W. Baird from $130 to $160 OUTPERFORM
      • Piper Sandler from $137 to $147 OVERWEIGHT
      • SVB Leerik from $150 to $170 OUTPERFORM
    • Big Banks did really well today, outperformed the market.

    "Whatever the mind of a person can conceive and believe, it can achieve" -Napoleon Hill

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

    BABA: Shanghai arm of ANT IPO might be suspended as Chinese regulators review ANT platform's impact as a potential financial sector disruptor

    Posted: 03 Nov 2020 05:38 AM PST

    Update: (Barrons.com article)

    Alibaba's payment unit statement:

    The payments unit of Alibaba Group (ticker: BABA) said in a statement Tuesday that its listing on Shanghai's STAR market may not meet listing qualifications or disclosure requirements. The suspension came after Chinese regulators met with Jack Ma, Ant's controlling shareholder, and other executives, which led to undisclosed "material matters," the statement said.

    The Shanghai Stock Exchange statement:

    Ant reported "major issues," including changes in the financial technology regulatory environment that led to the postponement, the Shanghai Stock Exchange said in a separate statement.

    Ant Group pulled its IPO from the Hong Kong Exchange:

    Ant has also pulled its planned listing on the Hong Kong Stock Exchange. The company couldn't immediately be reached for comment.

    tldr; Ant Group met with Chinese financial regulators yesterday. The Shanghai & Hong Kong IPOs are suspended so that ANT can meet "changed" regulatory requirements, according to the Ant Group. The Shanghai exchange says "Ant Group has recently reported to China's securities regulator about the significant changes in regulatory environment."

    It appears that new regulations are being developed for micro-lending and some other of ANT's fintech disruptor features, as none previously existed, and ANT has to meet those new requirements before going public.

    China's new draft regulations for microfinance businesses that were released on Monday

    (translated from Chinese)

    China Banking and Insurance Regulatory Commission The People's Bank of China publicly solicits opinions on the "Interim Measures for the Administration of Online Small Loans (Draft for Comment)"

    In order to regulate the online microfinance business of microfinance companies, unify the regulatory and operating rules, and promote the standardized and healthy development of the online microfinance business, the China Banking and Insurance Regulatory Commission, in conjunction with the People's Bank of China and other departments, drafted the Interim Measures for the Administration of Online Microfinance Business ( Draft for Solicitation of Opinions) (hereinafter referred to as the "Measures") is now open to the public for comments.

    The "Measures" has seven chapters and forty-three articles, which are divided into general provisions, business access, business scope and basic rules, operation management, supervision and management, legal responsibilities, and supplementary provisions. The key contents include: First, clarify the definition and regulatory system of online microfinance business, and clarify that online microfinance business should be mainly carried out in the provincial administrative region of the registration place, and cannot be carried out across provincial administrative regions without the approval of the China Banking Regulatory Commission Online microfinance business. The second is to clarify the conditions that should be met in terms of registered capital, controlling shareholders, and Internet platforms to operate online microfinance business. The third is to standardize business operation rules, and put forward relevant requirements on the amount of online small loans, loan uses, joint loans, and loan registration. The fourth is to urge microfinance companies that operate online microfinance business to strengthen their operations and management, standardize equity management, capital management, and consumer rights protection work, collect and use customer information in accordance with the law, and not induce borrowers to over-debt. Fifth, clarify the regulatory rules and measures, urge the regulatory authorities to improve the effectiveness of supervision, and pursue legal liabilities for violations of laws and regulations. Sixth, clarify the arrangements for the rectification and transition of existing businesses.

    All sectors of the society are welcome to provide valuable opinions. The China Banking and Insurance Regulatory Commission will work with the People's Bank of China to further revise and improve the "Measures" based on the feedback and will be released and implemented in due course after the higher-level law is promulgated.

    Attachment: China Banking and Insurance Regulatory Commission Announcement of the People's Bank of China on the "Interim Measures for the Administration of Online Small Loans (Draft for Solicitation of Comments)" http://www.cbirc.gov.cn/cn/view/pages/ItemDetail.html?docId=938821&itemId=951

    This WSJ article is much more critical of the Chinese regulators:

    The dual listings had valued six-year-old Ant at more than $300 billion, putting it on par with Mastercard Inc. and making it worth more than most American and Chinese banks. "The fact that [Chinese regulators] waited till so close to the listing to pull it is very striking," said Eswar Prasad, a professor of trade policy and economics at Cornell University. "This sort of thing doesn't happen without everybody in the top echelon of the political realm coming on board."

    He said the move brings to a head concerns regulators have long had about the opacity of Ant's operations and the oversize influence it has on the Chinese payments and financial landscapes.

    Alipay, which has more than one billion users in mainland China, handled more than $17 trillion in digital payments in the year to June, and has facilitated large volumes of consumer and business lending in China. It sells insurance and mutual funds to millions of people and manages the country's largest money-market mutual fund. Ant has billed itself as a technology company instead of a financial firm, and avoided some of the tough capital requirements and leverage ratios that banks in the country are subject to.

    Big Financial establishment insiders weighed in on Monday:

    The meeting called by the four financial regulators on Monday changed everything. The People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange said late in the day that they had summoned Mr. Ma, Ant's executive chairman, Eric Jing, and its Chief Executive Simon Hu to a meeting, without providing details.

    On the same day, the country's banking regulator released draft rules on microlending that, when implemented, could slow the expansion and profitability of Ant's fast-growing consumer and business lending units.

    Yeah, it looks as if there are big heavyweight insiders who are protecting their turf against the upstart fintech disruptor.

    Regulators didn't go into detail about what led them to pull the plug on Ant's IPOs. Close observers of China's financial regulatory landscape have pointed to controversial comments Mr. Ma made at a public forum in Shanghai last month that some top Chinese regulators also spoke at.

    We cannot regulate the future with yesterday's means," Mr. Ma said during a speech at the forum. "There's no systemic financial risks in China because there's no financial system in China. The risks are a lack of systems," Mr. Ma said.

    Before Mr. Ma spoke, China's Vice President Wang Qishan said at the same event that China needed to safeguard its financial system from systemic risks, and it needed to be a priority for financial institutions.

    The billionaire's comments "looked almost like a direct contradiction to the lines being proposed by one of the most powerful people of China," said Martin Chorzempa, a research fellow at Peterson Institute for International Economics.

    "This looks like a huge violation of the norms, of relations between the government and the private companies," he said, adding that companies are supposed to operate within the country's regulatory constraints and political system.

    BABA news flash: The Shanghai arm of ANT IPO might be suspended as Chinese regulators review ANT platform's impact as a potential financial sector disruptor.

    I'm actually relieved to see this. Not because I want the ANT IPO suspended, but because it confirms some of my suspicions about how significant of a financial disruptor ANT's platform can potentially be. It revolutionizes and liberalizes capitalization of transactional finance, lending and investing all the way down to the granular individual level.

    I was wondering why such a revolutionary system was not threatening existing financial insiders in China. At this point, it might be a regulatory hurdle or a challenge from traditional bank insiders in the country. Either way, I'm holding and might pick up shares if the price drops today, but this does make me nervous.

    Edit:

    From Reuters: https://www.reuters.com/article/ant-group-ipo/update-1-shanghai-stock-exchange-suspends-ant-groups-a-share-ipo-idUSL1N2HP155

    Shanghai stock exchange suspends Ant Group's A-share IPO — 8:09 AM ET 11/03/2020

    HONG KONG, Nov 3 (Reuters) - The Shanghai stock exchange has suspended Ant Group's A-share IPO on its Star board, the Chinese exchange said on Tuesday.

    Ant Group has recently reported to China's securities regulator about the significantly changes in regulatory environment, the exchange said, and this major development might make Ant Group fall short of the listing requirement regarding information disclosure, the Shanghai stock exchange said in a statement. (Reporting by Meg Shen and Julie Zhu; Editing by Louise Heavens)

    Edit 2:

    More discussion: It seems that Ant's meeting with Chinese regulators yesterday was more than a pro-forma discussion. It looks as if China is for the first time addressing a need for regulation for micro-financing.

    China's central bank and three financial regulators held talks with Ant Group Co Ltd's top executives and its founder Jack Ma on Monday as Beijing published new draft rules for online micro-lending

    https://www.reuters.com/article/china-regulator-ant/watchdogs-hold-talks-with-ant-as-china-releases-draft-online-lending-rules-idUSKBN27I1WB

    If this is the case, that Chinese regulators are drafting entirely new regulations for online micro-lending, then yeah, ANT would have to then comply with the kinds of disclosures, plans and processes to comply with the new regulations. I'm going to go out on a limb personally and pick up more shares if BABA stock tanks on this news (but this doesn't mean I'm recommending that other do so)

    Edit 3:

    Yes, the Hong Kong listing would also be suspended if China is developing entirely new regulations for online micro-lending and ANT has to comply with those regulations. That's a structural issue of the financial system and not one that's local to Shanghai's stock market.

    Edit 4:

    Yes, I did buy the dip. Bought a bunch at about $280 and then a few more shares about $285-289. Now I have way more BABA than I really want. But that was the easiest day trade of the year.

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

    Selling TD and buying NIO

    Posted: 03 Nov 2020 09:03 AM PST

    Title says it all, thinking of selling all my TD bank shares (about 6 grand worth) and putting it into NIO and NET, I believe in both of those companies and think they will have a very strong future in their respective industries. I'm 28 and it would sting to lose that money but in the long run it wouldn't affect me very much as I could make it back from work in 6 months. It's a bit of a speculative play and it's high risk but also possibly very high reward. I dunno what do you guys think? I was also thinking of doing a 4 way split, $1500 in NIO, $1500 in NET, $1500 in MSFT, and $1500 in Apple. But I'm worried that's a little too Tech heavy so maybe a better option would be to buy TAN or CSIQ.

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

    Why is AMD so popular here and not Intel?

    Posted: 03 Nov 2020 11:55 AM PST

    I notice the market cap for Intel and AMD is 185b and 92b respectively. But Intel has a PE ratio of 8.87 vs 105. Why on earth is AMD constantly being talked about? From my beginner analysis it seems Intel is the one being undervalued? Please enlighten me, thank you!

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

    Market and Options Summary for November 3rd, 2020

    Posted: 03 Nov 2020 01:38 PM PST

    Daily Synopsis

    • The S&P 500 increased +1.77% today while the NASDaq added (+1.73%). The Russell 2000 rose by (+2.84%). The Dow ended in positive territory at (+2.02%)
    • The best performing sector was Industrials(+2.95%) while Energy(-0.57%)was the worst performer.
    • The positive price action also contributed to continued selling in longer-dated Treasuries, which steepened the curve in a trade that benefited the financials sector. The 2-yr yield was unchanged at 0.16%, while the 10-yr yield increased three basis points to 0.88% to close at its highest level since June 8. The U.S. Dollar Index fell 0.7% to 93.51.
    • In the tech space, PayPal (PYPL 179.81, -7.95, -4.2%) and Skyworks (SWKS 138.80, -3.32, -2.3%) were notable laggards despite exceeding earnings expectations. PayPal, however, did issue downside Q4 EPS guidance. Arista Networks (ANET 249.49, +33.37, +15.4%) surged 15% following its upbeat earnings results and guidance.
    • Interestingly, the S&P 500 came within 12 points of its 50-day moving average (3400) shortly before the close. The catalyst that could propel the benchmark index above the key technical level is, of course, the election. As an aside, trading volume was comparable to previous sessions.
    • Looking ahead, investors will receive the ISM Non-Manufacturing Index for October, the ADP Employment Change Report for October, the Trade Balance Report for September, and the weekly MBA Mortgage Applications Index on Wednesday.
      ## Index Summary S&P 500 : (+1.77%); NasDaq : (+1.73%); \ Russell 2000 : (+2.84%); Dow : (+2.02%); \ Vix : 37.13 (-4.26%); [+6.6%]; {+24.08%} ## Sectors Summary Three highest sectors for today were - \ Industrials: (+2.95%); Financials: (+2.22%); Consumer Discretionary: (+2.2%) \ Three lowest sectors for today were -\ Energy: (-0.57%); Utilities: (+1.44%); Health Care: (+1.46%) ## Commodities/Futures (1-day %), [5-day %], {10-day %} \ Currency - \ USD Index : 94.145 (-0.69%); [-0.51%]; {+0.8%}\ BC : 13790 (+0.69%); [+2.81%]; {+7.05%} \ Precious Metals -\ Gold : 1892.5 (+0.87%); [+2.33%]; {+0.37%}\ Silver : 24.033 (+0.9%); [+3.9%]; {-1.53%}\ Farming - \ Soybeans : 1052.25 (+0.97%); [+1.02%]; {-1.96%}
      Corn : 397.5 (+0.69%); [+0.44%]; {-4.53%} \ Coffee : 105.35 (+0.66%); [+1.39%]; {+0.43%} \ Industrials - \ Crude : 36.81 (+2.8%); [+4.62%]; {-5.04%} \ Nat Gas : 3.244 (-5.73%); [-7.36%]; {+2.93%} \ Copper : 3.077 (+0.68%); [+1.51%]; {-0.88%} ## Dark Pool Summary - Highest Dark Pool buys by rank -
    • IGIB 3 buys totaling 3,285,185 shares. Average Price : 60.53, Cost : $198,852,248
    • MNST 3 buys totaling 1,576,230 shares. Average Price : 78.58, Cost : $123,345,432
    • BABA 1 buys totaling 300,000 shares. Average Price : 290.45, Cost : $87,135,000
    • HUYA 2 buys totaling 3,274,000 shares. Average Price : 22.37, Cost : $73,215,510
    • AZN 4 buys totaling 1,202,400 shares. Average Price : 51.88, Cost : $62,349,690 ## Options Fast Facts - CBOE Put/Call Ratio - 0.62\ Highest Multiple Over Daily Average- SIL with 15x the ADV of 1517. There were 22204 calls and 804 puts. \ Ticker with Most Contracts -HYG with 594432 contracts traded today with an AVD of 230917. There were 84290 calls and 510142 puts.\ Largest Put / Call Ratio - KWEB with a 11 P/C ratio. There were 19915puts and 1736 calls. \ Largest Call / Put Ratio - VTV with a248 C/P ratio. There were 15122 calls and 61 puts. *Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k
    submitted by /u/NoeticOptions
    [link] [comments]

    Is Citigroup severely undervalued?

    Posted: 03 Nov 2020 07:24 AM PST

    According to Yahoo Finance, Citigroup has: Total Debt (mrq)517.92B, Total Cash (mrq)961.29B, so, Total Cash Per Share (mrq) is a whopping $461.71!

    Book value per share is $84.48, but market value is only $43 as of today!

    Their earnings in the most recent quarter is $1.4 per share, multiply that by 4 gives $5.6 per year. $43.65/$5.6=7.79

    A P/E under 15 is considered good. Then a P/E at 7.79 should be considered extremely attractive. There is also a dividend of 4.83% based on the current price.

    submitted by /u/Yurion13
    [link] [comments]

    $PLUG vs BLDP

    Posted: 03 Nov 2020 12:39 PM PST

    Can anyone offer insight on all the activity on PLUG vs BLDP outside the pending politics? BLDP more profitable, China JV and good to great automotive segment plays.

    Both are reporting this week - BLDP on November 6 and PLUG on November 9. I am just baffled over the significant volume difference today.

    submitted by /u/stickman07738
    [link] [comments]

    Activison sell off?

    Posted: 03 Nov 2020 12:34 PM PST

    Feels over the course of the last couple of days there had been huge selling pressure on ATVI. The last week the company has been down on days the S&P was above 2%. Even though the company has great earnings and looks solid this price action is keeping me away. At what point would you jump in?

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

    Morning Market Synopsis - Tuesday, Nov. 3, 2020

    Posted: 03 Nov 2020 07:36 AM PST

    US equities higher: Dow +2.42%, S&P 500 +2.21%, Nasdaq +2.04%, Russell 2000 +2.01%

    • US equities higher and near best levels in Tuesday morning trading. Follows a Monday rally that came in the wake of the biggest weekly pullback since the depths of the coronavirus crisis in in late March. Value extending its recent outperformance vs growth. All sectors higher with financials and industrials the best performers. Energy, REITs, materials among the laggards. Treasuries weaker with the curve steepening. Dollar under some notable pressure vs euro and sterling and also somewhat weaker vs the yen. Gold up 0.6%. WTI crude up 2.9%, off best levels.
    • Election proximity likely biggest driver of the strength when considering the longstanding angst and tension surrounding the race. Market still seems to be focused on the likelihood of a Democratic sweep that would lead to more meaningful stimulus. However, strategists have also discussed how just about any of the other scenarios could still be viewed as bullish for stocks, particularly the status quo given the implications for taxes and regulation. Biggest risk revolves around a contested result though this is also something that has been widely discussed for a long time.
    • Fairly quiet outside of the election. Worsening coronavirus trends remains the other big story. Some of the latest reports have focused on new mitigation measures in several US states and hospital system capacity pressures in Europe. However, Bloomberg noted a new study showed that T-cell responses against a range of the coronavirus's proteins persisted for at least six months. Washington Post discussed concerns about post-election political paralysis and heightened economic pressures. Sep factory orders a bit stronger. As expected, RBA lowered rates and announced a QE program.
    • Another busy day of earnings and now just over 70% of S&P 500 has reported. Beat rates remain very elevated with nearly 87% of reporters having surpassed consensus EPS expectations while in aggregate, companies are beating earnings by more than 19%. High-profile themes largely hashed out at this point. Companies leveraged to at-home trends have reported some of the best results. Consumer resilience another key theme. Cloud, auto and housing exposure have provided a tailwind while Q3 has also seen a rebound in digital ad spending. However, legacy tech has tended to struggle Travel, cross-border and urban exposure have remained big headwinds.

    Notable Gainers:

    • +16.9% ANET-US (Arista Networks): Q3 earnings, revenue, and margins beat; highlighted strong cloud titan demand and enterprise strength; said expects campus portfolio to double by the end of 2021; Q4 revenue guide above the Street.
    • +8.4% CRUS-US (Cirrus Logic): FQ2 earnings and revenue beat with guidance well ahead of estimates; noted broad sales growth, particularly for smartphone components; analysts highlighted AirPod Pro, notebook demand and iPhone ramp as tailwinds; very strong guide may indicate more leverage to Apple than thought; announced president promoted to also take CEO title.
    • +7.0% RACE-US (Ferrari): Q3 revenue a touch light but EBITDA and EPS better; raised 2020 outlook to high end of prior ranges; takeaways noted that while shipments came in below, providing a headwind for revenues, profitability was helped by execution and price/mix.
    • +6.1% AGCO-US (AGCO Corp): Big Q3 beat and raise; boost industry outlook across all regions; company said it saw strong demand through the Q and these trends are continuing into Q4; takeaways focused on post-coronavirus production catch-ups, much better incrementals in the Americas, right-sized inventories, improved outlooks overall ag resilience.
    • +5% MCK-US (McKesson): FQ2 earnings beat strongly with revenue a bit ahead and guidance raised above of expectations; analysts noted strength in Medical Surgery and International segments supported by Covid test, PPE sales; expected benefits from Covid vaccine-related storage and supplies.
    • +3.7% SYY-US (Sysco): Q3 EPS beat on slightly better revenue while margins also surprised to the upside; US Foodservice worse by International and SYGMA better; talked up expense management and ability to deliver positive FCF despite the sales headwinds from the pandemic; noted it saw improvement in overall sales environment throughout the Q.
    • +3.3% HUM-US (Humana): Q3 EPS, revenue beat; raised lowe end of FY20 EPS guidance, though midpoint still below Street; also raised MA membership growth above top end of prior range; analysts highlighted benefit ratio beat driven by strong Retail performance; also positive on individual MA momentum, operational improvements driving services earnings.
    • +1.7% JAZZ-US (Jazz Pharmaceuticals): Q3 EPS, revenue beat; raised FY20 EPS, revenue guidance, including Neuroscience and Oncology net sales; analysts positive on opportunity around Xywav and Sunosi to help broaden revenue base beyond Xyrem.
    • +1.6% MDLZ-US (Mondelez International): Q3 earnings in line with revenue ahead; analysts noted improvement in emerging markets, strong cost mitigation, investment in branding, potential for share repurchases to resume in Q4 as cash flow has improved.

    Notable Decliners:

    • -22.4% SEDG-US (SolarEdge Technologies): Q3 earnings beat with revenue a bit behind, Q4 revenue guidance well below estimates; analysts noted delays in company's residential solar and storage product leading to loss of share, high investor expectations following ENPH-US results, slower commercial growth, inventory build in Europe; downgraded by Oppenheimer to perform and Northland to underperform.
    • -11.5% MOS-US (Mosaic): Q3 EPS, EBITDA beat, revenue in line; net sales missed in Phosphates, Potash, Fertilizantes segments; downgraded to sector perform from sector outperform at Scotiabank, citing expectation US phosphate prices have peaked for now.
    • -9.7% PACB-US (Pacific Biosciences of California): Q3 earnings and revenue missed; instrument revenue down sequentially on tighter customer capital budgets (but expects instrument bookings to increase in Q4); offered no guidance; downgraded at Piper Sandler.
    • -6.1% BABA-US (Alibaba): China's Global Times tweeted that the Shanghai Stock Exchange has suspended Ant Group's $35B IPO; comes after reports controlling shareholder Jack Ma yesterday met with Chinese financial regulators yesterday.
    • -5.2% YRCW-US (YRC Worldwide): Q3 EBITDA better on revenue upside and strong cost control; tonnage turned positive in October; however, CFO resignation and other executive changes mentioned as an overhang; also some discussion about how demand trends in August and September lagged peers.
    • -4.7% KMT-US (Kennametal): FQ1 earnings light though revenue better; noted organic sales declines with lower volumes in both Metal Cutting and Infrastructure; despite seeing signs of improved global market conditions, offered no guidance.
    • -3.1% PYPL-US (PayPal Holdings): Q3 beat on most key metrics, including TPV; however, some focus on combination of elevated expectations (digital payments a big pandemic winner), light Q4 guidance, no 2021 outlook, tougher 2021 comps; Street takeaways still largely upbeat, including some focus on management comments that long-term growth rates likely to be raised at February 2021 analyst day.
    • -1.1% JELD-US (JELD-WEN Holding): Q3 EPS, EBITDA beat, revenue in line; guided FY20 EBITDA ahead of Street; analysts cautious on management comments on new construction demand weakness, said guidance not enough given magnitude of recent beats across building products.

    09:31:14 AM CST on 03 Nov '20

    submitted by /u/spacej3di
    [link] [comments]

    Stocks that did well after first wave of COVID (March/April) to look for with second wave coming?

    Posted: 03 Nov 2020 08:16 AM PST

    I missed the opportunity of buying during the first wave of COVID in March, and with the second wave looking like it could be worse than the first, have you found any particular stock that recovered well that could fall again with the second wave, but still be a good buy? I don't mind taking a few risks, and I feel like a fall in the market with the second wave would be a good time to go for it, any recommendations?

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

    Advice on the best stocks to invest in after elections

    Posted: 03 Nov 2020 03:39 AM PST

    This is my first time investing so I don't know much really. I have around $5000. I'm willing to invest $4k in long term stocks and $1k for short term like a year or so. And whenever I get extra money, I'm going to invest them in long term stocks. Could someone tell me what are the best stocks to invest in right now or after the elections results and some tips? I'd really appreciate it.

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

    Thoughts on upcoming Earnings for UpWork?

    Posted: 03 Nov 2020 11:26 AM PST

    UpWork ticker UPWK are set to release their earnings on Wednesday after hours. The stock is currently sitting at 19.50 which is near ATH. It seems to have been consolidating for a short while and is set to explode on earnings if all goes well, I personally suspect it will follow a similar pattern to Snap/Pins.

    UpWork have really been pushing to provide employment opportunities in the current Covid crisis and offer a wide range of services for all independently. I feel like the nature of Covid has eliminated a lot of the traditional middle men of Employment such as recruiters, agencies, Job Centres etc. hence providing direct opportunities between the Clients/Free lancers.

    What's everyone predictions for earnings and has anyone had any experience with using this service?

    submitted by /u/hissy1
    [link] [comments]

    Investing after 100k

    Posted: 03 Nov 2020 12:44 PM PST

    I invested over 100,000$ on different types of ETFs like ARK, WCLD, TAN and few individual stocks like AAPL, MSFT, NVDA, etc. Returns aren't that great at the moment but my plan is to wait at least 3 to 5 years on current and new investments.

    Because I crossed a virtual boundary 100k and heavily invested in stock market at almost 80% of my net worth, I am growing hesitant to invest more money from my pay checks now. I am new to investing and haven't seen a bear market, so thoughts of losing money are concerning. How should I deal with this?

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

    Publicly traded “diversity training” companies?

    Posted: 03 Nov 2020 12:43 PM PST

    This is a lucrative sector - https://time.com/5696943/diversity-business/. Given the events of 2020 I imagine companies providing diversity training to companies are making a killing, and will probably do even better in the wake of a Biden win. Are there any publicly traded companies providing this service?

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

    The market is changing.

    Posted: 03 Nov 2020 10:17 AM PST

    I am looking for a sounding board on something I've been thinking about.

    I'm a conservative investor. I wouldn't touch the S&P 5 right now with fundamentals that historically aren't founded. There have been a lot of people losing money shorting these. Every flutter in the market makes me ask whether this is the correction, but a few days later they are back up.

    I have a theory about it. There are a lot more investors this year than even last year. There's also more money. Is it short sighted to value a company without looking at how much money is in the market as well? It's like investment capacity, how much money wants into the market. The new normal doesn't care about fundamentals, they just want a piece of the pie, and since there are more dollars coming in it makes sense that values are going to go up even for companies that haven't grown.

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

    Very Good Food (VERY / VRYYF) vs Beyond Meat (BYND)?

    Posted: 03 Nov 2020 06:25 AM PST

    VERY / VRYYF has gone triple up within the last two weeks, whereas BYND has gone plummeting at the same time.

    Obviously BYND still has a much higher market cap than VERY / VRYYF as of now. So my question is, does that mean VERY / VRYYF still have a much higher growth potential than BYND?

    Many thanks in advance!

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

    $BHC Earnings Call Jitters?

    Posted: 03 Nov 2020 09:53 AM PST

    BHC was up 6% after it beat revenue and profit this morning. However, towards the end of the earnings call, the CFO answered an analyst question that caused the stock to fall over 10%. The analyst asked whether management plans to do an equity raise before they spin off the Bausch and Lomb business next year. The CFO indirectly said no, the current spin off plan doesn't contemplate an equity raise, by explaining sources of extra cash flow and lower future debt levels. Then he gave an example of a hypothetical spin off where they would raise equity before spin off. This started the sell off. The CFO then reiterated that they do not contemplate having to go an equity raise, but the sell off continued. The market can be so emotional.

    submitted by /u/moazzam0
    [link] [comments]

    What happened to my LVGO value?

    Posted: 03 Nov 2020 09:15 AM PST

    Pretty new to investing but was seeing great returns on LVGO, even after the merger announcement I made some value. I figured once it gets converted to TDOC my market value would still be the same, just in TDOC stock which I could sell. But now my avg price for TDOC is at 239 and the price is 191. What happened exactly? How did I lose so much money? Any advice on recourse would be helpful too!

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

    JPMorgan analysts predict potential spike up to 54% in the S and P 500 post elections!

    Posted: 03 Nov 2020 08:44 AM PST

    https://www.google.com/amp/s/markets.businessinsider.com/amp/news/stock-market-outlook-investors-below-average-stock-holdings-after-election-2020-11-1029759414

    The above is the link to to article. I would like to hear peoples views on a 54% rise in the markets and potential bull cases for this. Bearish outlooks are also worth noting, as a healthy sense of realism is needed at times like this.

    submitted by /u/NathMcLovin
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment