Stocks - r/Stocks Daily Discussion Monday - Nov 30, 2020 |
- r/Stocks Daily Discussion Monday - Nov 30, 2020
- Palantir Adds $17 Billion in Value in Best Week Since Debut
- DoorDash said to raise IPO valuation to $28 billion
- Pros and cons of investing in 5 upcoming tech IPOs from Airbnb to Roblox
- HAHA @ $NKLA
- Who forgot about CRSR
- What happened to the market today? Many stocks show almost the exact same pattern.
- TLS Stock long term?
- Nikola signs new agreement with GM
- Too much optimism... and we know it?
- CRSR Corsair seems like a very strong stock
- Thoughts on AMD?
- Thoughts on Virgin Galactic Holdings ($SPCE)?
- $BABA and those in the same boat
- Why are people into GME?
- Favorite Green energy/electric & hydrogen fuel tickers
- Kandi: How This China-Based NASDAQ-Listed Company Used Fake Sales, EV Hype to Nab $160 Million From U.S. Investors
- MGNI - Buy the dip! DD inside
- CRSP The Future of Health Care?
- Aquabounty (AQB) - ARKG holding - upside?
- Jumia and it’s long term potential
- MRNA question
- Why do support and resistance points exist?
- $ZI Zoominfo issues 12.5m new shares for no money. Double whammy of shares dilution + lockup expiry is coming
| r/Stocks Daily Discussion Monday - Nov 30, 2020 Posted: 30 Nov 2020 12:09 AM PST These daily discussions run from Monday to Friday including during our themed posts. Some helpful links:
If you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. Please discuss your portfolios in the Rate My Portfolio sticky.. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Palantir Adds $17 Billion in Value in Best Week Since Debut Posted: 30 Nov 2020 07:01 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]  |
| DoorDash said to raise IPO valuation to $28 billion Posted: 30 Nov 2020 10:44 AM PST DoorDash is said to have increased their IPO valuation target to $28 billion. Other companies in the market cap range include Peloton, Best Buy, and Hilton. DoorDash's closest competitors, Uber (via UberEats) and GruhHub, have a $87 billion market cap and $6.5 billion market cap respectively. DoorDash Quick Facts:
Is $28 billion too high or too low? Are you buying? [link] [comments]  |
| Pros and cons of investing in 5 upcoming tech IPOs from Airbnb to Roblox Posted: 29 Nov 2020 08:16 PM PST December and January aren't typically busy months for initial public stock offerings, but this time around, they'll be an exception. Almost a half dozen well-known tech startups, each already valued privately at over $1 billion, have recently filed for IPOs, including Airbnb, DoorDash, and Roblox. They're hoping to take advantage of strong investor appetite for tech stocks, despite the pandemic, and to catch the coat tails of other tech companies that have recently made successful debuts. Shares in cloud database company Snowflake are up 129% since its September IPO and those of data mining company Palantir are up 215% since its September listing. Here are key details to consider in weighing whether to invest in the latest batch of would-be public tech companies. Financial data is from the first nine months of 2020 unless otherwise indicated. AffirmSymbol: AFRM Founded in 2012 by PayPal co-founder Max Levchin, Affirm aims to bring credit and lending to customers of all kinds of online retailers. Those hard-to-miss layaway offers for a pair of shoes from Cole Haan or that cute coffee table on West Elm's website? Affirm works behind the scenes to process the loans and often covers the cost of the item (in some cases, partner banks fund the loans). So far, Affirm has signed up over 6,500 retailer and helped consumers pay for almost $11 billion worth of products over the past three years. Pros: Affirm says its "buy now, pay later" system is superior to credit cards, with no hidden fees or high interest rates (most Affirm offers are zero interest rate). Like other hot consumer companies, Affirm also touts its net promoter score of 78, suggesting more than three-quarters of customers would recommend the company. As e-commerce grows, there's plenty of room for growth in the market—less than 1% of e-commerce transactions in North America relied on "buy now pay later" deals. And Affirm says its data analysis of consumers' ability to pay lets it avoid major losses. Cons: The largest e-commerce sites, like Amazon and Walmart, have no need for Affirm and could even launch their own lending services. So could big banks or other financial institutions that can borrow money more cheaply than Affirm can. And more than one-quarter of all of Affirm's lending has so far come from customers of a single retail partner: Peloton. AirbnbSymbol: ABNB As the now-famous story goes, Airbnb co-founders Brian Chesky and Joe Gebbia decided to rent some airbeds in their San Francisco apartment after a big design conference caused local hotels to be fully booked. Their little web site, AirBedandBreakfast.com, eventually grew into the titan that has rented space to 825 million customers cumulatively across 220 countries. Pros: The fast-growing startup took a huge hit when COVID-19 curbed travel, but has since almost bounced back. Bookings were down 72% in April compared to the same month in 2019, but for June through September, the declined narrowed to 19% to 23%. The company also brags in its regulatory filing that pandemic-related spending cuts, including slashing headcount by 25%, make it more efficient going forward. Cons: The pandemic showed that the travel industry is subject to sharp downturns that cut into Airbnb's sales, and infections are on the rise again worldwide. The company has also battled restrictive rules in many cities and countries seeking to ban short-term rentals. Airbnb's filing disclosed it's also in a battle with the Internal Revenue Service that could cost it $1.4 billion if it loses. And even after being in business for more than a decade, Airbnb is still on pace to lose around $1 billion this year. DoorDashSymbol: DASH After moving to the U.S. as a child, DoorDash co-founder and CEO Tony Xu worked as a dishwasher in a Chinese restaurant to help make ends meet. The point of DoorDash, he says, is to help strivers and small businesses thrive. Now in business for seven years, DoorDash "dashers" deliver food and other items from almost 400,000 businesses to 18 million consumers per month as of September. Pros: DoorDash is the leading provider of delivery with over twice the market share of runner up Uber Eats as of October 2020. The pandemic has ignited much faster growth in food delivery as people avoid going out to eat. Some smaller players have already sold out (DoorDash bought Square's Caviar service for $410 million last year), but further consolidation could let DoorDash charge more for its services. Cons: Once the pandemic passes, many DoorDash customers may return to eating in restaurants. Although California voters approved a measure to continue to classify gig workers like DoorDash's dashers as independent contractors, other governments still are trying to classify gig workers as employees, which could wreck DoorDash's business model. RobloxSymbol: RBLX Much more than a video game, Roblox has become a virtual environment for millions of people and companies to create their own games. Co-founders David Baszucki and Erik Cassel went from making software simulations for physics labs to creating Roblox in 2004. Now some 31 million people play daily, including three-quarters of all U.S. kids age 9 to 12, the company says (Research firm Dubit put the figure at half of kids 9 to 12 this summer). Pros: Roblox has plenty of reasons for developers to stick around, including its large devoted customer base and the Lua scripting language that makes it easier to make new games. About two-thirds of current users are from the U.S. and Canada, so there is room for considerable overseas expansion. Cons: The pandemic super-charged Roblox growth rate, but kids may decide to put their screens down and play more outside after the crisis ends. Many users play on devices running Apple or Google software, putting Roblox somewhat at the mercy of the twin tech titans' app policies. Other games have been banned and the app stores decide how much of each sale they are entitled to. A joint venture with Tencent to bring Roblox to China could be impacted by increasing trade tensions or new restrictions. And gaming and social media platforms come and go depending on the latest fads. Roblox could be the MySpace of gaming. Wish (ContextLogic)Symbol: WISH Overshadowed by better known rivals like Amazon, Alibaba, and eBay, Wish focuses its e-commerce services on the "affordable" segment of consumers. Founded in 2010, Wish now helps more then 500,000 online sellers hawk goods to 100 million monthly active shoppers. Parent company ContextLogic has its name on the IPO registration filing. Pros: Shopping online isn't just for the wealthy. Wish says it's targeting the 44% of U.S. consumers and 85% of Europeans who have household incomes of $75,000 or less, plus shoppers in developing countries. Wish's platform is mobile first, and 90% of purchases happen via its mobile app. Although Wish doesn't make a profit, it generated free cash flow (or cash from operating activities minus purchases of property and equipment) of $23 million in the first nine months of 2020. Cons: Wish faces off against many larger rivals, such as Amazon, Alibaba and eBay, plus Shopify and Walmart. To compete against the giants, Wish spends vast sums, over $1 billion so far in 2020, on marketing. With deep connections in China, U.S.-based Wish could be hurt by worsening trade tensions. And as with other startups dependent on mobile apps, Google and Apple could undermine Wish's business with new rules or requirements. [link] [comments]  |
| Posted: 30 Nov 2020 09:00 AM PST GM will still supply Nikola's fuel cells but won't take any stake in the embattled startup or build its electric pickup. https://www.businessinsider.com/gm-no-stake-nikola-deal-badger-electric-pickup-canceled-2020-11 [link] [comments]  |
| Posted: 30 Nov 2020 06:45 AM PST I see everyone selling CRSR to buy GME and PLTR but to all of you YOLOers Buy the CRSR dip, Corsair is more than just a peripheral company, everyone is now building and buying PCs and all of them are powered by Corsair PSU as well as Corsair RAM. This company is way undervalued. Thank me in 1 year. [link] [comments]  |
| What happened to the market today? Many stocks show almost the exact same pattern. Posted: 30 Nov 2020 09:16 AM PST So today I've found half of my stocks took the same pattern of going up at start followed by a big dip down before climbing back up again to a bit below open price and it's not just the meme stocks like NIO and PLTR. Any ideas what caused this? I'm not worried since I'm in for the long haul but I'm curious why it has happened. [link] [comments]  |
| Posted: 30 Nov 2020 10:46 AM PST Howdy, I have been researching Telos Stock $TLS and am very interested in hearing your guy's thoughts on its long term growth/potential. It's a new IPO but the company has been around since 1969. I'm looking at this stock as a nice long term buy (3-5 years) and I'm not seeing much that is dissuading me from that. Cyber Security is important and it appears Telos Corp has consistent contracts and revenues. It's not a flashy stock but I think it could be a great play for long term. Thanks for your time. [link] [comments]  |
| Nikola signs new agreement with GM Posted: 30 Nov 2020 05:38 AM PST Nikola signs new agreement deal with GM. GM will not take stake in Nikola. Badger has been canceled. Deposits to be refunded. (Try to find a source link as this came across the Fidelity app) Edit: NKLA down 17.44% premarket [link] [comments]  |
| Too much optimism... and we know it? Posted: 30 Nov 2020 12:58 PM PST If you've looked at the market this year even just once you'd say "wtf is going on" why is everything (including shitty companies) up when if we take a look at what's really going on in the us with their excessive money printing and serious social insecurity. And yes people will make the argument "the stock market is based on the future" but really man... We're really expecting every company on the stock market to rebound from covid within the next year... I don't think so and I'm pretty sure no one thinks so either. I feel like everyone is way too optimistic AND they/we all know this. Soon people and companies with deep pockets will be taking alot of their money out the markets because they know this shouldn't be happening but since it is they're just taking advantage of it to make ALOT of money. Once these people and companies sell, so will the regular investor because stocks are gonna be falling hard. Basically what I'm trying to say is I feel like everyone knows we're all too optimistic and once that one bad catalyst comes market is gonna to take a nose dive *** Please don't be toxic if you comment (this isn't WSB) I just want to have an actual conversation and see everyone's opinions and reasons why they think all this is going on is justified or not, etc... *** [link] [comments]  |
| CRSR Corsair seems like a very strong stock Posted: 30 Nov 2020 10:37 AM PST I bought this stock right after it had two big days and then lost about 20%. I'm not worried. The video game industry is going to be just as bullish as the EV industry because of covid, every game is seeing record sales and Corsair is too. Corsair went down almost 10% today and now is actually positive in the face of a terrible market day, that's quite a display of strength. Don't sleep on Corsair! [link] [comments]  |
| Posted: 30 Nov 2020 10:45 AM PST Hello, I wanna gather thoughts on AMD, I'm holding them currently and see a future for them. I think they are a great hold and I've been using them before I got into the market. I'm going to hold them long term and they're in my category for long term holdings. [link] [comments]  |
| Thoughts on Virgin Galactic Holdings ($SPCE)? Posted: 30 Nov 2020 08:44 AM PST I'm feeling pretty bullish on this one. Commercial flights were supposed to start this year, but delayed into 2021 because of Covid and other factors. Ticket price seems to be at least $250.000, but if you can afford that for a ticket, you are probably already rich as fuck, and willing to spend that and hell of a lot more on a trip to space. To my knowledge, there is no other public company offering this kind of service any time soon (correct me if I'm wrong), since SpaceX is not public, and Blue Origin is not public. Obviously a long hold, but as soon as flights start taking off (and passengers doesn't come back dead), buying before the space-flight hype is probably a smart choice if you are interested in this type of stock. I have a feeling, buying some for the long haul is the right play. [link] [comments]  |
| $BABA and those in the same boat Posted: 30 Nov 2020 08:36 AM PST With the chaos surrounding Chinese companies and the upcoming discussions to possibly delist them from US exchanges, I am curious to what a good strategy might be entering this. I bought in at $230, rode the wave and had a trailing stop sell for half of my positions at 30%. At this time, im still up, but my hopes for going long on this are up in the air as well. I could place another trailing stop order for safety, but I don't want to discount the possibility of this being an opportunity in disguise. I love the company, but the contingency is daunting. What are your thoughts? [link] [comments]  |
| Posted: 30 Nov 2020 06:40 AM PST No, seriously. I thought it went through a recent IPO and got into the market as a meme stock. But it looks like it is quite unprofitable, and has been falling for quite some time. Thankfully FOMO is not triggering on this one, just curious. Am I missing any recent news? [link] [comments]  |
| Favorite Green energy/electric & hydrogen fuel tickers Posted: 30 Nov 2020 09:21 AM PST What are your favorite green energy/ electric vehicles tickers for long term holds currently? I'm in TSLA, PLUG, FSR, BLPD currently. Looking to get into a few more. Thinking about getting in with GM and Cummins as GM has announced they will be pushing hard for electric vehicles and Cummins has announced they are pursuing hydrogen. Thoughts? [link] [comments]  |
| Posted: 30 Nov 2020 09:13 AM PST From https://hindenburgresearch.com/kandi/ :
[link] [comments]  |
| Posted: 30 Nov 2020 07:56 AM PST Some info that I got from another post, I feel like this stock is on sale now: $MGNI Earnings Call: Take a look at the recent earnings revenue year over year is up 62.01% beating by 7.4 million. EPS is up 2.5 times the estimate being expectations by 0.10 per share. Imagine how good you would feel if you ever hit 62.01% gain in your portfolio let alone in a year. What do they do? They sell ads. Specifically to streaming companies like Hulu, so while you're sitting there watching Rick and Morty wondering why you can't afford ad free Hulu $MGNI are the ones to thank for the ads you're watching. Fundamentals: Streaming platforms and access is expanding at a very fast rate. More houses are buying more streaming devices (phones, tablets, smart TVs). Their viewership grew 50% last quarter. Ad space is in high demand right now with the holidays as well as political ads that have and will run. There's also like 15 different apes (money managers) "raising price targets" whatever that means. Stock is up 80% over the month and 54% over the week. The stock will hit $30 before. Edit: took out the line about Coronavirus, when copying this info I should've edited that to begin with...not sure if original post was meant to be facetious or not, but Covid is going strong unfortunately, and doesn't really have a lot to do with this stock anyway. [link] [comments]  |
| CRSP The Future of Health Care? Posted: 30 Nov 2020 07:23 AM PST Recently picked up shares in CRSP. Seems to have huge potential implementations in modern disease treatments. I'm looking at roughly a greater than 10 year holding period while averaging up. What are your thoughts on the company? [link] [comments]  |
| Aquabounty (AQB) - ARKG holding - upside? Posted: 30 Nov 2020 07:22 AM PST Hi there, I noticed that Cathie woods has aquabounty in her ARKG portfolio and it's up 40% today. Does anyone know much about this stock? From what Ive read they're making genetically modified fish that require less food and grow a lot quicker than regular fish. Seems a bit fishy but promising too. [link] [comments]  |
| Jumia and it’s long term potential Posted: 30 Nov 2020 06:58 AM PST What are some of your thoughts on Jumia ans it's potential to grow? Are these dips a good indicator that it is more than a meme stock? I'm assuming that people are just selling and collecting their gains but are there people here that are long on Jumia? [link] [comments]  |
| Posted: 30 Nov 2020 07:21 AM PST I bought into MRNA when they were at $85 a share and now they're at almost $150. I just read this morning they're stating to distribute into Europe. I'm not sure if I should hold or sell. Anyone in the same position? [link] [comments]  |
| Why do support and resistance points exist? Posted: 30 Nov 2020 10:57 AM PST Hi all, I understand what these are, but my question is on the significance at those particular price points. For example, if we look at AAPL, there's a visible support (or resistance depending) at $108, $113 etc. Can someone please explain exactly what's special about those numbers that buyer or sellers keep stepping in? Thanks! [link] [comments]  |
| Posted: 30 Nov 2020 06:09 AM PST Just minutes ago, $ZI filed S-1 registration file issuing an additional 12.5 million shares. https://sec.report/Document/0001628280-20-016873/ The issuing of the 12.5mil shares will not inject any capital into the company. As I quote, Zoominfo "will not receive any proceeds from the sale of the shares by the selling stockholders." This only creates dilution. Please note that the existing outstanding shares are merely 69 million shares. Edit*: for people wondering how can a company issue shares for free, this is share dilution. The seller is Carlyle in this case. Please read the S-1 file, I cannot quote every sentence here. But in summary, ZI does not receive the proceeds for the share sale.* This share dilution, together with the coming lockup release, will create a huge downward impact on the share price of $ZI. I have never heard of this company until Friday when fellow reddist shared about its lockup expiry: https://www.reddit.com/r/stocks/comments/k23kly/you_all_are_obsessed_with_pltr_lockup_but_do_you/. I joined the trade because the logic is very consistent, rationale very clear. "If only 0.5% of locked shares are sold, this creates a selling pressure larger than 1 day's trading volume" As I quote the author. And now even more shares are issued for free, there is little chance (well nothing is impossible but just highly unlikely) its shares will go up in coming days. Then there are trolls under the original post, arguing how lockups do not matter for stocks and may even drive them up, with cherry-picked examples trying to confuse other fellow readers. If you cherry-pick your example, you can make any crazy ideas sound reasonable. How about I cherry-pick a random date in March where stocks tanked 10%, and then argue stocks go down 10% every day forever. Does that make sense? That is just insane. I hereby summarize the logic of the original post. If you find it reasonable, it is not too late to sell. If you don't find it reasonable, then do the opposite.
Does this really not make sense? Position: ZI 12/18 40P, ZI 12/18 35P. Had them Friday thanks to the amazing u/maxprtr and ready to add more today on top of the share dilution news. [link] [comments]  |
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