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    Stocks - Why is everything so green?

    November 04, 2020

    Stocks - Why is everything so green?

    Why is everything so green?

    Posted: 04 Nov 2020 05:52 AM PST

    I want to understand american politics more. We still don't have results and it seems Biden is going to win, no? Why is the pre-market so green? Is it because of the Senate? There must be some reason for this huge pump I suppose?

    submitted by /u/i_like_dolphins_
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    WTF is going on with NIO

    Posted: 04 Nov 2020 08:16 AM PST

    I am just flabbergasted at how NIO has done the last 3 months. Specifically the last month or so, starting with the run up from about 20 to where we are now. I am just beside myself at how quickly this stock has gone up. I originally intended and still plan on holding long term. However, there is part of me that knows this can't go on forever as much as I'd like it to. That part of me is questioning whether I should consider selling and just waiting for it to dump. Obviously I know that it could just keep going up but god damn... what stocks have you seen that hit a point where they just keep going up this rapidly. People on here suggest there could be a pullback to the $27 range.... what is propelling NIO like this so rapidly. Obviously it is nice to have but doesn't feel right... like I almost feel like one day I will wake up and it will be down $8 a share and i would be pisses off.

    submitted by /u/big-sexy89
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    Here is a Market Recap for today Wednesday, November 4, 2020

    Posted: 04 Nov 2020 01:07 PM PST

    PsychoMarket Recap - Wednesday, November 4, 2020

    Stocks rose today, continuing the week's rally, as investors took in developments from the 2020 presidential election, which has so far produced no clear winner. The presidential race is extremely close, with a number of consequential battle states, like Pennsylvania and Nevada unlikely to produce results until at least tomorrow. The flurry of news made for a volatile overnight session, that at one point saw the Nasdaq futures spike from being slightly down to over 4% up.

    The Nasdaq (QQQ) finished the day 3.85% up, the S&P 500 (SPY) finished 2.18% up and the Dow Jones (DIA) finished the day 1.35% up.

    As of this afternoon, according to the Associated Press, Joe Biden has 248 electoral votes to Pres. Trump's 214. Candidates need 270 votes to win. However, because of the surge in mail-in ballots this election due to the pandemic, counting the votes is expected to take longer than normal. Despite the race being to close to call, last night, President Trump falsely declared victory while simultaneously questioning the veracity of the election process, due to the ongoing count of mail-in ballots. Trump indicated that he was willing to challenge attempts by states to keep counting ballots after election night, despite it being well known that the surge in mail-in ballots would cause complications and slow counting. "We'll be going to the U.S. Supreme Court. We want all voting to stop," Trump said to a crowd of supporters at the White House. "We don't want them to find any ballots ... and add them to the list. We're were getting ready to win this election. Frankly, we did win this election." Biden's campaign has suggested it would be willing to fight Trump in court.

    Joe Biden also too expressed confidence that the vote would go his way. "We feel good about where we are. We really do. I'm here to tell you tonight we believe we're on track to win this election."

    In the Senate elections, the so-called "blue wave" many pundits predicted did not happen. As of this morning, Democrats only managed a net gain of one seat, whereas they needed at least three to establish a majority. Democrats missed opportunities to flip seats where they could. South Carolina and Montana were rated toss-ups, and Texas was only rated slightly Republican. If Democrats broke through in one or more of those races, it would have likely portended a good night for them. Instead, Republicans appear to have won all of them handily:

    Highlights

    • California voters carried Uber and Lyft to victory, overwhelmingly approving Proposition 22, a ballot measure that allows gig economy companies to continue treating drivers as independent contractors. Uber, Lyft, and the delivery service DoorDash designed the measure to exempt the companies from a state labor law that would have forced them to employ drivers and pay for health care, unemployment insurance, and other benefits. As a concession to labor advocates, the initiative offers a wage floor and limited benefits to drivers.
    • Health-care stocks led in the 30-stock Dow, with UnitedHealth Group rallying 9% and Amgen up more than 6%. Industrials including Caterpillar and Dow Inc. The index was up more than 550 points, or 2%.
    • The communication and information technology sectors of the S&P 500 performed very well today also.
    • The Nasdaq extended its gain to more than 4%, as each of Amazon, Facebook, Alphabet, Apple, Netflix, and Microsoft surged
    • Trading volumes in currency markets were unusually low for an election night, Mr. Tew said, in part because investors and traders were reluctant to put on new positions given the uncertainty.
    • Bank shares dropped Wednesday, a sharp departure from the broader market as investors bet that another round of stimulus relief will be hard to come by. The KBW Nasdaq Bank Index was down 3.3% around midday. The broader S&P 500 rose 3.1% in volatile trading.
    • Biogen Inc shares rose for the day because FDA briefing documents showed the company had provided enough data to support the approval of its Alzheimer's drug. Which is a pretty big deal, shares were halted at one point finishing up the day about 45%.
    • AGCO (AGCO) had target raised by:
      • Morgan Stanley $84 to $95 EQUAL WEIGHT
      • BMO Capital Markets $90 to $110 OUTPERFORM
      • Royal Bank of Canada $88 to $104 OUTPERFORM
    • Alibaba (BABA) had a price target raise by Raymond James from $320 to $335 at STRONG BUY.
    • Booking (BKNG) had a price target raise by Credit Suisse GRoup from $2,150 to $2,200 at OUTPERFORM. Notable because stock is at $1,670.
    • Catalent (CTLT) had several price target raise by:
      • Morgan Stanley from $98 to $115 OVERWEIGHT
      • Royal Bank of Canada from $98 to $105 OUTPERFORM
      • Jefferies Financial Group $107 to $115 BUY
      • UBS $105 to $115 at BUY
    • Humana (HUM) had a price target raise by:
      • Oppenheimer from $440 to $460 OUTPERFORM
      • Stephens from $450 to $490 OVERWEIGHT
    • Amazon (AMZN) had an upgrade by China Renaissance Securities from HOLD to BUY and a price target raise from $3,360 to $4,000
    • Baidu (BIDU) had a nice upgrade from Barclays from EQUAL WEIGHT to OVERWEIGHT, and a price target raise from $140 to $170
    • Advanced Micro Devices (AMD) had a nice UPGRADE from Goldman Sachs (GS) from NEUTRAL to BUY and price target raised from $84 to $96. Nice call, will be keeping an eye on this one.
    • Sysco (SYY) with target raise by Credit Suisse from $76 to $80 at OUTPERFORM. Stock currently around $60
    • Alleghany (Y) with price target increase by Deutsche Bank (DB) from $785 to $800. Notable because the stock is around $580 right now.

    "The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty" - Winston Churchill

    submitted by /u/psychotrader00
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    XPEV just took off.

    Posted: 04 Nov 2020 08:57 AM PST

    I bought NIO now im wondering if I should buy some XPEV if it retraces.

    ​

    Alibaba-Backed XPeng delivered 3,040 vehicles in October, an increase of 229% year-over-year.

    J.P. Morgan analyst Nick Lai $27 price target, XPeng offers vehicles at "competitive prices" that "can capture a sizable and fast-growing addressable market." with "robust" compound annual growth rate of 73% through 2025.

    As of October 31, 2020, Xpeng delivered 17,117 units, representing a 64% increase year-over-year.

    BlackBerry powering the Level 3 driving domain controller of Xpeng.

    NGP highway solution enables autonomous driving from point A to point B and it`s the most advanced navigation guided autonomous driving system for production models in China!
    The kernel of Xpeng's domain controller is Nvidia's Xavier cockpit chip for automated cars.

    The Guangzhou city government will provide $590 million to Xpeng to build a new plant in the area. The new plant will have an annual car manufacturing capacity of 100,000 vehicles.

    Strong business momentum!
    Strong Buy analyst consensus!
    I think XPEV can surpass NIO due to competitive prices and high month to month demand!
    The indicators are showing buy signals on most every timeframe.

    If you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.

    submitted by /u/mfarazk
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    IIPR Earnings! Major Cannabis Play

    Posted: 04 Nov 2020 02:32 PM PST

    https://newsfilter.io/a/8e52c2b4f78a5027a44479dadb739cd5

    IIP generated total revenues of approximately $34.3 million in the quarter, representing a 197% increase from the prior year's third quarter. IIP recorded net income available to common stockholders of approximately $18.9 million for the quarter, or $0.86 per diluted share, and adjusted funds from operations (AFFO) of approximately $27.9 million, or $1.28 per diluted share. Net income available to common stockholders and AFFO increased by 205% and 192% from the prior year's third quarter, respectively. IIP paid a quarterly dividend of $1.17 per share on October 15, 2020 to common stockholders of record as of September 30, 2020, representing an approximately 10% increase over the second quarter 2020's dividend and a 50% increase over the third quarter 2019's dividend. In July, IIP completed an underwritten public offering of 3,085,867 shares of common stock, including the exercise in full of the underwriters' option to purchase an additional 402,504 shares, resulting in net proceeds of approximately $248.2 million. In September, IIP issued 474,000 shares of common stock for net proceeds of approximately $58.1 million under its "at-the-market" equity offering program.

    submitted by /u/KrispySince92
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    Cannabis related stocks

    Posted: 04 Nov 2020 02:17 PM PST

    Hey guys.

    I was checking marijuana related companies stocks... What i found interesting that practically all of them lost majority of their value since last year. What is the reason behind this? I also see that they are mostly Canadian companies and i presume the majority of their income came from US customers. What is changing in US that the market is doing so bad? Do you think there are brighter times for this market? Or there was just a "MJ" bubble and it has finally popped?

    submitted by /u/slogoldfish
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    How the hell can there be 2 massive green days in these times?

    Posted: 04 Nov 2020 09:33 AM PST

    Uncertain elections, peek pandemic, protests, and stores closing down expecting riots. Everyone thought that crash is coming, so why are there 2 massive green days? What happened with supply and demand? If everyone is expecting a crash, than there is more selling than buying and stocks should drop, right? Also, Biden is winning and green stocks are the only ones red. What the fuck is going on.

    submitted by /u/Horizon0Da
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    BIOGEN +40%

    Posted: 04 Nov 2020 08:31 AM PST

    BIIB Biogen FDA indicates approval on abducanumab Alzheimer's medication I was down, real down and sad yesterday I had a stop loss at $215 and now for the first time ever I'm up 40% on Biogen! Hell yes! It's at $335 a share. I bought in at $280

    submitted by /u/Incarnegie
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    Mercadolibre reports 148% YoY Revenue growth, positive EPS

    Posted: 04 Nov 2020 01:10 PM PST

    The 148% is without currency adjustments. Adjusted to USD it's still 85% YoY growth with most of that coming from e-commerce.

    EPS of $0.28 compared to expectations of $0.08. Great to see a growth company reach the phase of posting consistently positive EPS.

    MELI up 2.6% as I post this but guidance on the conference call will probably be paramount as this is the type of growth investors have come to expect out of this company.

    https://www.stocktitan.net/news/MELI/mercado-libre-inc-reports-third-quarter-2020-financial-8kmmdyfwfsaw.html

    submitted by /u/GromGrommeta
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    Market and Options Summary for Nov-04-2020

    Posted: 04 Nov 2020 01:47 PM PST

    Daily Synopsis

    • The S&P 500 +2.23% today while the NASDaq outperformed by (+4.41%). The Russell 2000 advanced (+0.11%). The Dow ended in positive territory at (+1.41%)
    • The best performing sector was Health Care(+4.44%) while Materials(-1.7%)was the worst performer.
    • Accordingly, the health care (+4.5%), communication services (+4.3%), information technology (+3.8%), and consumer discretionary (+3.1%) sectors did the heavy lifting, while the materials (-1.7%), utilities (-1.6%), financials (-1.3%), and industrials (-1.0%) sectors closed sharply lower.
    • Longer-dated Treasuries rallied alongside the growth-oriented stocks amid the recovery concerns and election uncertainty. The resulting curve-flattening activity was a headwind for the banks due to the possibility of reduced net interest income. The SPDR S&P Bank ETF (KBE 33.08, -1.88, -5.4%) dropped 5.4%.
    • The 2-yr yield declined one basis point to 0.15%, and the 10-yr yield declined 11 basis points to 0.77%. The U.S. Dollar Index declined 0.1% to 93.49. WTI crude futures rose 4.1%, or $1.54, to $39.16/bbl.
    • Separately, shares of Uber (UBER 40.99, +5.22, +14.6%) and Lyft (LYFT 29.19, +2.96, +11.3%) jumped after California voters passed Proposition 22, allowing app-based drivers to be classified as contractors instead of employees. Biogen (BIIB 355.63, +108.62, +44.0%) surged 44% after the FDA published a positive report on the company's Alzheimer's drug.
      ## Index Summary S&P 500 : (+2.23%); NasDaq : (+4.41%); \ Russell 2000 : (+0.11%); Dow : (+1.41%); \ Vix : 35.55 (-16.82%); [-26.59%]; {+5.19%} ## Sectors Summary Three highest sectors for today were - Health Care: (+4.44%); Communication Services: (+4.31%); Information Technology: (+3.89%) \ Three lowest sectors for today were - Materials: (-1.7%); Utilities: (-1.5%); Financials: (-1.17%) ## Commodities/Futures (1-day %), [5-day %], {10-day %} \ Currency - \ USD Index : 93.56 (-0.13%); [-0.64%]; {+0.43%}\ BC : 13845 (+2.6%); [+5.39%]; {+8.89%} \ Precious Metals -\ Gold : 1910.4 (-0.35%); [+1.4%]; {+0.05%} Silver : 24.334 (-1.43%); [+1.56%]; {-1.6%}\ Farming - \ Soybeans : 1064.25 (+1.97%); [+2.72%]; {-0.23%}
      Corn : 401 (+0.94%); [+1.57%]; {-3.11%} \ Coffee : 106.05 (0.0%); [+1.58%]; {-0.56%} \ Industrials - \ Crude : 37.66 (+3.69%); [+9.11%]; {+1.27%} \ Nat Gas : 3.059 (+0.1%); [-8.71%]; {+1.26%} \ Copper : 3.0925 (+0.52%); [+2.14%]; {+0.65%} ## Dark Pool Summary - Highest Dark Pool buys by rank - 1. ASML 2 buys totaling 873,000 shares. Average Price : 378.31, Cost : $330,264,630 2. FB 1 buys totaling 705,000 shares. Average Price : 289.04, Cost : $203,776,725 3.MS 5 buys totaling 3,308,488 shares. Average Price : 51.56, Cost : $170,421,247 4.CVX 3 buys totaling 2,100,000 shares. Average Price : 72.34, Cost : $151,924,500 5. UBER 11 buys totaling 3,318,758 shares. Average Price : 40.47, Cost : $134,267,810 ## Options Fast Facts - CBOE Put/Call Ratio - 0.45\ Highest Multiple Over Daily Average- WMGI with 20x the ADV of 1482. There were 6269 calls and 23937 puts. \ Ticker with Most Contracts -NIO with 1552674 contracts traded today with an AVD of 637042. There were 1107416 calls and 445258 puts.\ Largest Put / Call Ratio - BKLN with a 1243 P/C ratio. There were 22369puts and 18 calls. \ Largest Call / Put Ratio - RBA with a12942 C/P ratio. There were 12942 calls and 1 puts. *Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k
    submitted by /u/NoeticOptions
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    With more states in US, and more countries are legalizing marijuana, what's bad about CGC

    Posted: 04 Nov 2020 06:09 AM PST

    CGC seems like a good bet for legalizing marijuana, given they are setting themselves up for operational efficiencies while expanding business at slow pace

    NJ just announced their plans to legalize, and yet CGC is down ~6%. I know this takes few years to implement, but isn't now good time for long-term bet?

    What am I missing?

    https://www.inquirer.com/business/weed/weed-marijuana-new-jersey-legal-legalization-pennsylvania-taxes-decriminalization-aclu-20201103.html

    submitted by /u/myReddltId
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    Question on fees for SQQQ and TQQQ

    Posted: 04 Nov 2020 07:43 AM PST

    I've seen that I shouldn't hold these because fees will cause your profits to degrade and I've seen they have fees in the 0.95% range but I can't find over what range that is or how these fees are collected. Could someone explain the fee schedule for these and how they are collected?

    submitted by /u/Babyd3k
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    What are the effects young investors having on the market?

    Posted: 04 Nov 2020 09:06 AM PST

    I see so many more young people these days talking about investing and the market because they use online broker apps enabling them to invest more often. With such easy access to investing and the perceived promise of big bucks are they over valuing certain markets or something? Generally curious, please let me know if you have any insight!

    submitted by /u/vandalxvisuals
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    What happens to my stocks in an acquisition?

    Posted: 04 Nov 2020 02:45 PM PST

    I own over 2000 shares in JWCA which went bankrupt and sold the company to Trichome.

    Everything was apparently finalized on the 20th of September. I'm wondering what happens to my stocks? Will they transfer into the company that bought them? or the new stocks? Or will they just disappear?

    submitted by /u/Reyne_twitch
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    Tech, health stocks rise, cyclicals fall on prospects of divided U.S. Congress

    Posted: 04 Nov 2020 02:39 PM PST

    BABA Earnings

    Posted: 04 Nov 2020 07:02 AM PST

    Is there much information on BABA and it's upcoming earnings. What does everyone think will happen to BABA after it's earnings. I am wondering if today will be a possible buying day since i missed the drop yesterday.

    submitted by /u/user-249
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    FLUX, BE or PLUG?

    Posted: 04 Nov 2020 12:15 PM PST

    With the demand for alternative energy and hydrogen power being used in many industries, which of these companies do you like the most and why?

    I have done DD on all 3 but just curious another set of eyes on this area.

    submitted by /u/mbacon1998
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    NVDA Earnings

    Posted: 04 Nov 2020 12:01 PM PST

    Nvidia has announced to report Q3 earnings on November 18. I've been following the release of the RTX 30 series quite closely, and as many of you probably know the supply has been extremely limited. I think that the people that want to upgrade their GPU or build a PC will postpone this until they can get their hands on one of these cards because they are better and cheaper than the previous generation. If you don't need your new GPU that urgent, you will probably wait until there is more stock available. Is anyone else concerned about this? Recent tech earnings have been punished heavily in the market for not performing well. I think that NVDA might plummet when they report that GPU sales have been down for the last 2 months.

    submitted by /u/RsRafe
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    Next quhuo earnings?

    Posted: 04 Nov 2020 02:02 PM PST

    I'm bagholding this mofos since ipo...

    I read somewhere next earning report is in November but can't find it now anywhere, not even in the IR section of their website...

    Does anybody know when is the date? Thanks

    submitted by /u/54815162342314159265
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    Is Draftkings DKNG a bargain at its current value?

    Posted: 04 Nov 2020 06:33 AM PST

    It's currently sitting at just under 40$, it was up to as high as 65$ a little over a month ago. A big reason for the decline was the uncertainty surrounding sports and the pandemic. However a lot of states are making a push for legalizing sports betting which would be a huge boost for the stock. Is it a wait and see, or buy at its current value?

    submitted by /u/tgamezz
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    Russell 2000 Sucks

    Posted: 04 Nov 2020 12:23 PM PST

    Can someone please explain to me now the Nasdaq can be up 4% today along with the S&P up a couple percent and yet the Russell 2000 is down? It seems like this underperformance of small caps is just a normal thing now. I put most of my portfolio into small cap etfs like the Russell as historically, they have had more volatility and greater returns, which I am all for. I'm legit still negative from my initial investment years ago and it's days like this that continue to get me heated. I see an amazing day in the market, like when was the last time QQQ was up 4% in a single day! Then I check my lousy small caps and just can't seem to catch a break. When they market goes up they lag and when the market goes down (like in March), it crashes much harder and doesn't recover. Sorry just had to rant.

    submitted by /u/ddardashti2
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    Renewables dropping double digits

    Posted: 04 Nov 2020 06:45 AM PST

    So renewables are being sold on a large scale right now. I wonder if this has anything to do with the market thinking Trump will win aigain. In the past weeks, renewables stocks had a large run up because the polls were stating that there would be a blue landslide. Are investors getting worried about Biden's chances?

    I'm personally down on CSIQ and ENPH now. Might buy some more now.

    submitted by /u/Avaronah
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    The Louisiana Land and Exploration Company

    Posted: 04 Nov 2020 09:26 AM PST

    I have a single physical share of LL&E from 1975, it was a gift from my Dad when I was 9. More or less just to have something interesting and their were dividend checks now and then. I know very little about the stock market, but did some research. LLE was purchased by Burlington Resources back in '97, then ConocoPhillips acquired BR in 2006. It was interesting to see the history of the company, but I'm wondering if my single share has any value? I'm guessing no, but thought I would ask the experts.

    submitted by /u/Marty1966
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    Green Stocks

    Posted: 04 Nov 2020 09:16 AM PST

    For those who are looking to invest (for the long term) into green stocks, what are your recommendations?

    I've calculated First Solar to be 500% over valued and their PE is through the roof compared to other solar companies - is it still worth investing into it or is it hype?

    submitted by /u/allfunnnngames
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