Stocks - r/Stocks Daily Discussion & Options Trading Thursday - Nov 05, 2020 |
- r/Stocks Daily Discussion & Options Trading Thursday - Nov 05, 2020
- Can't make sense of this market, so I'm still doing nothing
- Bezos sells more than $3 billion worth of Amazon shares
- Cloudflare (NET) Q3 Results
- Here is a Market Recap for today Thursday, November 5, 2020. Please enjoy!
- Anyone kind of worried by their success?
- “California just passed a major privacy law that will make it harder for Facebook and Google to track people and gather data”
- What case is there for bears anymore?
- Citigroup analysts upgraded their price target for NIO from $33.20 to $46.40.
- COVID mutation in Denmark
- How high can Palantir go? It's in talk for acquiring a Britain contract. Is it a good time to buy?
- Dow futures jump 400 points, extending rally
- Square (SQ) crushes Q3 earnings
- FOMO got the better of me
- Thermo Fisher Scientific Declares Quarterly Dividend and Authorizes $2.5 Billion of Share Repurchases
- Want to throw in 5k in a single stock, where would you invest?
- BABA pre-market dip: what's going on?
- Peloton reports fiscal Q1 2021 earnings/sales beat
- Virgin Galactic announces date for the first space flight out of New Mexico.
- But Tesla is just a car company they said...
- BRK reports earnings tomorrow
- Market and Options Summary for Nov-05-2020
- Alipay vs American Fintech
- First time buying a stock
- Utz Reports Strong Q3 Financials
- Stocks vs paying off my house
| r/Stocks Daily Discussion & Options Trading Thursday - Nov 05, 2020 Posted: 05 Nov 2020 12:06 AM PST This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme and/or post your arguments against options here and not in the current post. Some helpful day to day links, including news:
Required info to start understanding options:
See the following word cloud and click through for the wiki: If you have a basic question, for example "what is delta," then google "investopedia delta" 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. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Can't make sense of this market, so I'm still doing nothing Posted: 05 Nov 2020 08:41 AM PST I don't know what the f- is going on anymore. Here's what's running around my head at the moment:
Given that I can't make sense of all this right now, I'm sitting on my hands. At the very least I'm going to see how this week plays out. [link] [comments]  |
| Bezos sells more than $3 billion worth of Amazon shares Posted: 04 Nov 2020 03:53 PM PST Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than $3.1 billion of Amazon shares, after selling more than $4.1 billion worth of shares in February. The sales this week bring his total cash out in 2020 to more than $10.2 billion so far, which is a notable jump from 2019, when Bezos sold $2.8 billion worth of shares. Even with the latest stock sale, Bezos still owns more than 53 million shares worth nearly $170 billion, making him the richest person in the world. The transactions were made as part of a prearranged 10b5-1 trading plan, according to the filings. Amazon declined to comment on the latest sale. Bezos has previously said he sells about $1 billion of Amazon stock each year to fund his rocket start-up, Blue Origin. Additionally, the Amazon CEO in February launched a $10 billion Earth Fund to combat the effects of climate change, which will issue grants to scientists, activists and other organizations. While Bezos hasn't yet announced the recipients of the fund, The Atlantic reported Tuesday that Bezos is expected to give $100 million each to the Nature Conservancy, the Environmental Defense Fund, the Natural Resources Defense Council and the World Wildlife Fund. [link] [comments]  |
| Posted: 05 Nov 2020 01:23 PM PST Earnings are in: https://cloudflare.net/news/news-details/2020/Cloudflare-Announces-Third-Quarter-2020-Financial-Results/default.aspx
Third Quarter Fiscal 2020 Financial Highlights
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| Here is a Market Recap for today Thursday, November 5, 2020. Please enjoy! Posted: 05 Nov 2020 01:36 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.
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
"By and large, life will give you what you deserve" -Ray Dalio [link] [comments]  |
| Anyone kind of worried by their success? Posted: 05 Nov 2020 11:48 AM PST This is going to sound like bragging but I promise it is not: I am up a few thousand but by all rights I should be way down. I've been terribly skittish and short sighted with my investments. Hell, yesterday I tried to sell off Apple stock at a slight gain but couldn't because the investment hadn't fully processed yet, but when I was able to do it today I made considerably more. And I'm probably still making way less than I could if I just sat on the stock. But I'm too much of a scaredy cat to just put it away and let it grow on its own. It is worrying to me that even I am making money out of thin air in this market. It makes me worried that I'm contributing to a bubble, that I just made way more than me and my family do at our day jobs completely by accident and without producing a good or service. Oh well. [link] [comments]  |
| Posted: 04 Nov 2020 10:27 PM PST "The law [Proposition 24] will strengthen existing privacy measures in California, allowing consumers to stop businesses from selling or sharing their personal information including race, religion, genetic information, geographic location, and sexual orientation. ... Prop. 24 could effectively block companies like Facebook and Google from continuing to collect that data, which could change their business models and cut into their existing revenue streams, privacy compliance experts told Business Insider." https://www.businessinsider.com/prop-24-privacy-california-data-tracking-facebook-google-2020-11 [link] [comments]  |
| What case is there for bears anymore? Posted: 05 Nov 2020 01:24 PM PST I have a hard time seeing how anyone could believe the market will drop significantly at this point. Global pandemic? Market recovers to ATH in 5 months. Most contentious election in modern history testing the very fabric of our democracy, and bringing tensions to civil unrest? Markets near/at ATH, 8% raise in 3 days. Unemployment still high and now stagnant with medium and small businesses drowning? The FedR continues unlimited QE. Genuine question, what case is there for a dip at this point? Is the case just applying the logic that the market is overvalued? I'll read longer format comments if ya got them. [link] [comments]  |
| Citigroup analysts upgraded their price target for NIO from $33.20 to $46.40. Posted: 05 Nov 2020 12:06 PM PST According to Citigroup analyst Jeff Chung, there are several factors that conditioned the positive view on NIO stock's performance. Firstly, Nio has significantly expanded its market share this year. It now serves areas in China, Germany, Hong Kong, the UK, and the U.S. Secondly, Chung highlighted strengthening gross processing margins, high margin visibility, and battery cost reductions. Further, Nio has reported a jump in sales. The company delivered 5,055 vehicles in October, an increase of 100% year-over-year. In 2020, deliveries jumped to 31,430 vehicles, which is a 111.4% spike compared to last year. Obviously, Nio has managed to recover from the pandemic and show quite good performance despite the economic crisis. By Daria Rud: https://www.coinspeaker.com/nio-stock-citi-price-target/ [link] [comments]  |
| Posted: 05 Nov 2020 07:46 AM PST So, this may be bigger news than the US election. This mutated strain may render the current vaccines in development useless, and the strain itself is less sensitive against antibodies. One epidemiologist said the worst case scenario is that the pandemic starts all over again in Denmark. I wonder why the market hasn't seemed to react to this yet? Thoughts? https://www.google.com/amp/s/mobile.reuters.com/article/amp/idINKBN27K1YV [link] [comments]  |
| How high can Palantir go? It's in talk for acquiring a Britain contract. Is it a good time to buy? Posted: 05 Nov 2020 03:50 PM PST How high can palantir get? Just a week ago it was still under 10 dollars. I've made some money on it trading it on and off. But it's been spiking the last couple days. Would it be a bad idea to jump in now? Is it just up from the hype of "talks" about getting the contract in Britain? If they actually do acquire the contract, what are your opinions on the share price in a couple months? Also at what point if acquired would be a good time to sell? [link] [comments]  |
| Dow futures jump 400 points, extending rally Posted: 05 Nov 2020 03:45 AM PST https://www.cnbc.com/2020/11/04/election-stock-market-futures-open-to-close-news.html Futures contracts tied to the Dow Jones Industrial Average pointed to an opening gain of more than 400 points. S&P 500 futures and Nasdaq 100 futures were both in positive territory. Stock market continuing the rally from Wednesday. Last week many people expected a crash this week, they either bought put option or stayed all cash. I think now it proved that sometime it is better to do nothing, just hold your positions and the unexpected result will happen. [link] [comments]  |
| Square (SQ) crushes Q3 earnings Posted: 05 Nov 2020 04:36 PM PST Square (SQ) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 142.86%. A quarter ago, it was expected that this mobile payments services provider would post a loss of $0.07 per share when it actually produced earnings of $0.18, delivering a surprise of 357.14%.Over the last four quarters, the company has surpassed consensus EPS estimates three times. https://www.zacks.com/stock/news/1097687/square-sq-q3-earnings-and-revenues-beat-estimates [link] [comments]  |
| Posted: 05 Nov 2020 11:51 AM PST I finally tapped out today. I totally rebalanced my porfolio. I bought ARKW, more BABA, AAPL, AMZN, FXI, ICLN, a LOT of MGK, NET, NIO, SHOP, TLSA, ZM. Ive been sitting on cash for way too long and ive missed so much upside. Thoughts?? I already own the other ARKs, BABA, UBER, SRPT. Its starting to look more like a Biden win...which is good for chinese stocks (hence FXI and NIO, BABA) ALso clean Energy hence ICLN. I like MELI but am i too late?? [link] [comments]  |
| Posted: 05 Nov 2020 03:22 PM PST WALTHAM, Mass., Nov. 5, 2020 /PRNewswire/ -- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its board of directors declared a quarterly cash dividend of $0.22 per share. The dividend will be paid on January 15, 2021, to shareholders of record as of December 15, 2020. The board also authorized the repurchase of $2.5 billion of shares of its common stock in the open market or in negotiated transactions. The authorization has no expiration date. This replaces the company's existing repurchase authorization, of which $1 billion was remaining. --- Thoughts on $TMO? Its 5-year chart looks consistent and stable. [link] [comments]  |
| Want to throw in 5k in a single stock, where would you invest? Posted: 05 Nov 2020 11:36 AM PST Owning fb, msft, amzn, Pins, Net, intel, Dal, Luv and nflx stocks already at decent prices, where should i put this extra 5k i have. I'm in for long term. Also should i wait to get in at some good entry point during these volatile times? [link] [comments]  |
| BABA pre-market dip: what's going on? Posted: 05 Nov 2020 05:11 AM PST So BABA dipped and is now at 288 with 1h30min for market opening. Why do you think this happened and do you still think that it would be a good entry point ~290? Also, enter pre-market or wait about 30min after marketing opening? Thanks [link] [comments]  |
| Peloton reports fiscal Q1 2021 earnings/sales beat Posted: 05 Nov 2020 04:27 PM PST "Peloton on Thursday reported quarterly sales growth of 232%, exceeding the company's expectations, as consumers turned to its bikes and treadmills to work out and stream live classes from home during the coronavirus pandemic. The bike maker raised its revenue outlook for fiscal 2021 and now expects to report $3.9 billion or more in total revenue, up from a prior range of $3.5 billion to $3.65 billion. Analysts had been calling for $3.63 billion, according to a Refinitiv survey. Peloton also expects this holiday quarter to be its first billion-dollar quarter for sales. The company has been a huge beneficiary of more people staying at home in 2020. But with such heightened demand for its products, Peloton has struggled to keep up. Customers have also reported delayed shipments and poor service. The company said Thursday it expects to be operating under supply constraints "for the foreseeable future." "As we rapidly scale our organization to meet the extraordinary demand for our products, we realize that some of our members have faced extended delays associated with receiving our products or having support requests fulfilled," CEO John Foley said in a letter to shareholders. Peloton shares whipsawed in after-hours trading and recently were down around 4.5%, having skyrocketed more than 343% this year. The stock closed Thursday up nearly 7%. Here's what the company reported for its fiscal first quarter of 2021, compared with what analysts were expecting, based on a survey of analysts by Refinitiv:
Peloton said it expects profits to be pressured as it quickly opens new manufacturing facilities and because of the extra shipping-related expenses it will incur during the busy holiday season. For the three months ended Sept. 30, Peloton said earnings rose to $69.3 million, or 20 cents per share, from a loss of $49.8 million, or $1.29 a share, a year earlier. Analysts had expected Peloton to earn 11 cents per share. Sales surged 232% to $757.9 million from $228 million a year ago, topping expectations for $748.1 million. Peloton said it ended the quarter with more than 1.33 million connected fitness subscribers, up 137% from a year earlier. Connected fitness subscribers are people who pay $39 per month to sync Peloton's workout classes to their Peloton equipment versus accessing the programs separately through a phone or tablet device and paying just $12.99. Peloton is also proving during the pandemic that once it hooks a new customer, they tend to stick around. It has gained a wave of new users who are no longer paying to go to the gym. Average net monthly connected fitness churn was 0.65% during the latest period, compared with 0.75% in the prior quarter. The company is now predicting its fiscal 2021 churn rate will remain under 0.9%, compared with a prior forecast of under 1%. It said churn for the current quarter should stay below 0.85%. Peloton also expects to have 1.63 million connected fitness subscribers by the end of its fiscal second quarter, and 2.17 million by the end of the fiscal year. It's calling for second-quarter revenue of $1 billion. Analysts were predicting $939 million." Rest of article: https://www.cnbc.com/2020/11/05/peloton-pton-reports-fiscal-q1-2021-earnings-sales-beat.html Nothing but good things for this company the last couple months. The stock itself might be overbought right now but I'm very bullish with consistently tremendous numbers like this. Overwhelming demand is great problem to have. [link] [comments]  |
| Virgin Galactic announces date for the first space flight out of New Mexico. Posted: 05 Nov 2020 02:48 PM PST The date is set. It's between a November 19 - November 23. This will compete the final requirements for full FAA certification. Commercial operations to begin Q1 of 2021 starting with Richard Branson and the remainder of celebrities who booked with VIRGIN Galactic [link] [comments]  |
| But Tesla is just a car company they said... Posted: 05 Nov 2020 03:48 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 [link] [comments]  |
| Posted: 05 Nov 2020 03:36 PM PST BRK reports earning tomorrow before market open. What are your anticipations? Anyone planning to buy or sell depending on a certain outcome? Holders what are your takes? Personally I am planning on holding and buying up more depending on where the price goes tomorrow or the near future. Also does anyone still get excited like me every quarter to hear and see the Oracle and see BRK earnings? [link] [comments]  |
| Market and Options Summary for Nov-05-2020 Posted: 05 Nov 2020 01:43 PM PST Daily Synopsis
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| Posted: 05 Nov 2020 03:16 PM PST With fintech companies becoming bigger, and the Chinese government's interference of ant financial ipo, my question is what potential is there of the American government stepping in to regulate fintech companies (PayPal, SQ) as banks in the future? [link] [comments]  |
| Posted: 05 Nov 2020 01:23 PM PST So I bought couple shares for apple couple weeks back along with two multiple stocks in two Canadian companies (ENB.TO) and (TOU.TO). For placing trades I use my banks system which is Td bank. When the company pays the dividend how does that money reach me? Also how do I find out when the company pays the dividend? [link] [comments]  |
| Utz Reports Strong Q3 Financials Posted: 05 Nov 2020 02:47 PM PST Utz has remained pretty flat since the merger passed but this latest earnings has been consistent with past financials in that they are experiencing year over year growth, even as we are almost a year removed from the beginning of the pandemic. It seems Utz is a slow and steady stock with long term growth. Thoughts on the latest earnings? [link] [comments]  |
| Posted: 05 Nov 2020 10:40 AM PST What's your take? I have over 150k in stocks which I'm at a point in which I can pay off my house and start from scratch saving again and putting into stocks or should I hold and hope it goes up to eventually pay off mortgage and have skin on stocks. [link] [comments]  |
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