Stock Market - Here is a Market Recap for today Tuesday, December 1, 2020 |
- Here is a Market Recap for today Tuesday, December 1, 2020
- NIO Inc. Provides November 2020 Delivery Update-Company Achieved Another New Record-High Monthly Deliveries
- Salesforce acquires Slack for $27.7 billion enterprise value, marking cloud software vendor’s largest deal ever
- My trading strategy.
- Nikola Founder Trevor Milton Can Sell His 91.6 Million Shares Starting Tuesday as Insider Lockup Period Expires
- Another bird flu?
- How are cruise lines making money?
- Salesforce to buy out slack - newb question as an investor
- What is happening to NIO
- Is Tqqq good for long term
- Second crash being mentioned now for months, but could it actually be just around the corner?
- FEDERAL DRUG RALLY
- TESLA NEWS | NIO SALES | NIKOLA STOCK CRASH | STOCK MARKET NEWS & MORE [12-01]
- Best stock market data/financial data/stock analysis websites you use?
- GRWG - When to enter back in?
- Can the value of the broader market (at least currently) be boiled down to an inverse correlation to the USD?
- How to spot a fake guru featuring - FxDanielSavage -
- Purchasing ETF question
- Canadian electric truck and bus manufacturer to "IPO" on NYSE via a merger with $NGA
- Can Airbnb survive Covid?
- FCel just took a dive, is it time to hold or opportunity to buy ?
- Watchlist: 12/1 Dollar Weak, Weed & Bitcoin Strong
- Selling Stock with Unsettled Cash?
| Here is a Market Recap for today Tuesday, December 1, 2020 Posted: 01 Dec 2020 01:00 PM PST PsychoMarket Recap - Tuesday, December 1, 2020 Stocks continued rising today, with each of the major indices hitting fresh intraday record, before selling off somewhat in the last hour of the market. Market participants are eager to extend gains after a historic November performance. The Dow posted its biggest monthly gain since January 1987 with an advance of nearly 11.9%. In the S&P 500, the energy, financials, and industrials sectors led the index's 10.8% rise, as market participants rotated back into many of the names that had been beaten down the hardest earlier on during the pandemic in the wake of positive vaccine news. The positive vaccine news led analysts to raise their predictions for 2021 after Pfizer (PFE), Moderna (MRNA), and AstraZeneca (AZN) each reported promising vaccine data in their clinical trial, raising hopes that an effective solution to the pandemic could roll out relatively soon. Fundstrat Managing Partner Tom Lee said in a note Monday he believed the S&P 500 would end 2020 at 3,800, implying another nearly 5% upside for the index. However, given the surge of coronavirus cases in the United States and Europe, Jerome Powell tempered optimism. He said, "Recent news on the vaccine front is very positive for the medium term. For now, significant challenges and uncertainties remain, including timing, production and distribution, and efficacy across different groups. According to Worldometer, as of Tuesday, there are 13,919,870 confirmed cases of COVID-19 in the U.S. According to the same chart, 274,332 people have died from the virus in the U.S., and 8,222,879 have recovered so far. In the month of November alone, the US added more than 4 million cases, double the amount from October, according to the Johns Hopkins University. There were around 168,000 new cases reported Tuesday, with health officials expecting worse to come given the travel that took place during Thanksgiving in the US. Highlights
"You learn more from failure than success. Don't let it stop you as failure builds character." - Unknown [link] [comments]  |
| Posted: 01 Dec 2020 03:39 AM PST • NIO delivered 5,291 vehicles in November 2020, increasing by 109.3% year-over-year • NIO delivered 36,721 vehicles in 2020 in total, increasing by 111.1% year-over-year • Cumulative deliveries of ES8, ES6 and EC6 as of November 30, 2020 reached 68,634 SHANGHAI, China, Dec. 01, 2020 (GLOBE NEWSWIRE) -- NIO Inc. ("NIO" or the "Company") (NYSE: NIO), a pioneer in China's premium smart electric vehicle market, today provided its November 2020 delivery results. NIO delivered 5,291 vehicles in November 2020, a new monthly record representing a solid 109.3% year-over-year growth. The deliveries consisted of 1,387 ES8s, the Company's 6-seater and 7-seater flagship premium smart electric SUV, 2,386 ES6s, the Company's 5-seater high-performance premium smart electric SUV, and 1,518 EC6s, the Company's 5-seater premium electric coupe SUV. NIO delivered 36,721 vehicles in 2020 in total, representing an increase of 111.1% year-over-year. As of November 30, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 68,634 vehicles. NIO is in the process of accelerating the production capacity expansion in December 2020 to accommodate the increasing order growth. [link] [comments]  |
| Posted: 01 Dec 2020 01:22 PM PST Salesforce is buying Slack using a combination of stock and cash. Prior to Slack, Salesforce's biggest deals were the $15.3 billion purchase of Tableau last year and the $6.5 billion acquisition of MuleSoft in 2018. The deal pits Salesforce against Microsoft in yet another market, with the companies already going head-to-head in sales software, data visualization and productivity tools. Time to buy the crm dip. After acquiring slack, crm will be more powerful and competitive. The stock will be a strong long term hold. [link] [comments]  |
| Posted: 01 Dec 2020 01:25 PM PST hello, I started trading an account 6 months ago with 60k British pounds, I have just broke 136k today. I have 5 years prior investing experience. I just want to ask if the strategy i am using has a name I have spent lots of time researching but still cannot bare any fruit. so i shall explain, I began to put together a list of 250 stocks and 20 ETFs that I wouldn't mind holding on to for the long term if my trades went tits up. I would put in £1750 into a stock in the list that was down or presented a good buying opportunity and trending the right way, then simply leave the position and let it ride as soon as it was up £70 i would take out my £1750 and re-filter that money into the into the next stock that showed a good entry opportunity. (using a commission free broker). Also i would follow the market extremely closely and would sometimes let my profit run to £120. I would also double my investment to £3500 if I had done my research and if i really liked a stock. extreme discipline is a must. I scattered my money across as many different markets and industries, you could turn over lots of positions a day, also viewed my profit as shares accumulated and not money made if that makes sense. I keep strict book keeping and would go into the same shares again and again growing my accumulated shares with the same £1750 trade. i would also mainly hit renewable energy driver-less cars AI, Automation, Fin tech, where i think the world will be heading in the next 20 years. This isn't my main portfolio but it is a really good side project. The only thing I would say to someone trying to replicate this style is that you need a constant eye in the market. please feel free insult me :) [link] [comments]  |
| Posted: 01 Dec 2020 05:23 PM PST |
| Posted: 01 Dec 2020 08:45 AM PST According to Reuters and several other sources, there's another bird flu epidemic. Yes it is currently happening for those that can't believe our luck in 2020. It seems serious since they've culled hundreds of thousands of chickens (Japan alone culled 350k chickens with another 1.8M needing culling as well) and it's starting to spread in Europe too. Curious to get your thoughts on the impact to the market - since the swine flu caused massive swings. EDIT: looks like it has spread to Europe already [link] [comments]  |
| How are cruise lines making money? Posted: 01 Dec 2020 06:37 PM PST It literally makes no sense to me. NOBODY is sailing right now as far as I know. Royal Caribbean is doing test runs, but how are they making money from that? RCL is slowly going back up, and so is CCL and NCL, so what's the deal? [link] [comments]  |
| Salesforce to buy out slack - newb question as an investor Posted: 01 Dec 2020 11:19 AM PST I only experienced a buy out once - when Disney bought out twentieth century fox - the stock was on a small decline until close to the buy out where it raised in valuation Slack WORK seems to be doing the same thing - Do you think it's better to sell out now having 2x before it's bought out - or to find an offer from salesforce? (not sure if they announced any agenda on how they'll deal with the shares yet [link] [comments]  |
| Posted: 01 Dec 2020 01:35 PM PST BIG DROP today. Here is the news: 1) record deliveries in November 2) upgrade from Goldman with $59 price target 3) signed robotaxi deal with Mobile after VW couldn't meet timeline 4) Any idea why it keeps dropping? [link] [comments]  |
| Posted: 01 Dec 2020 06:22 PM PST Hey! [link] [comments]  |
| Second crash being mentioned now for months, but could it actually be just around the corner? Posted: 01 Dec 2020 06:08 AM PST I have been doubting this for a while but I'm getting a little concerned. Stimulus packages will end at the end of March 2021 here in Australia. In the US, a second 'deeply needed' stimulus is yet to be approved. Whether they approve a second stimulus or not, by the end of this year, what happens after all this stimulus? Ì read an article that suggests black Friday sales were up like 22% from last year and shopify claims the average spend of the average consumer was $90. Here in Australia, shops seem to be eerily quite than usual (pre covid) and I'm not seeing people walking around with shopping bags. I wonder, once this stimulus package is over, its not going to change the fact that people have lost their jobs and all the businesses that have shut down. I've heard shopping in America is almost reminiscent of the great depression. If people are holding on to their money rather than spending it, the velocity of money slows down in circulation and this has effect on the stock market. Banks will be shorter on cash if people are literally hoarding. Will this be? What do you think? My portfolio is doing ok at the moment but I'm getting the feeling that as of April next year, there might just be a mass sell off as we will truly start to see the effect of these lockdowns. I'm looking to rearrange my holdings and wondered if anyone had any thoughts about spending behaviors etc. [link] [comments]  |
| Posted: 01 Dec 2020 05:13 PM PST Article from 2019 depicting the journey to legalize psychedelics and predicting some of the events that have happened this year along with projections on future legalizationsI that I found today good read! [link] [comments]  |
| TESLA NEWS | NIO SALES | NIKOLA STOCK CRASH | STOCK MARKET NEWS & MORE [12-01] Posted: 01 Dec 2020 05:51 AM PST Tesla and NIO shares are jumping after good news, while NIKOLA tumbles after GM goes for a much smaller agreement, the stock market loses ground as investors take profits, let's talk about this and much more about the stock market Hey everyone and Welcome! So, let's start with the recap of yesterday as we saw the NASDAQ COMPOSITE finish about flat for the day, the SP500 finished about half a percent down for the day and the DOW INDUSTRIAL was the biggest losers down almost 1% thought all 3 of them were down even bigger intraday. So, both the SP and the DOW finished with record monthly gains, the SP finish up 10,9% for the month above the previous record of 10,2% exactly 40 years ago, while the DOW finished up 11,9% and topped the previous record from 1987 with the Nasdaq also having its best month since the middle of the dot-com boom in 2001. The VIX also finished down more than 1% for the day though at one point it almost hit the 23 mark. Almost 70% of companies were declining yesterday on above average volume, as I believe investors were taking profits after the big gains from this huge November rally that we had. CHART Energy was the biggest loser yesterday as the whole sectors finished down more than 5% while the only 2 sectors in the green were Technology and Health Care as we saw value plays struggling through the day while large cap growth companies were gaining, led by Apple as you can see in this HEAT MAP, which finished the day up over 2% while the whole financial and energy sectors were down big. Here are the biggest economic data that we are expecting today, as we will see numbers from the MARKIT PMI and the ISM INDEX with vehicle sales arriving later in the day. Also only one big company is expected to report earnings today, Salesforce, which is also expected to close a deal today to buy Slack in a cash-only deal. Salesforce is expected to maintain its EPS flat year over year with revenues increasing by more than 16%. I fully expect this to be beaten as this company has gone under appreciated in my opinion as smaller cloud companies have seen the bulk of the stock market gains. If they manage to buy Slack that will be a very positive thing for the company's future as they will move on to bring a new challenge to the Microsoft bundle. SLACK NEWS Great news came in the early morning today, as the OECD revised it's GDP contraction up 0,3% with a real GDP growth forecasted at over 4% next year and 3,7% in 2022 as China is expected to account for one-third of the world economic growth next year, it might be the time to get more into that part of the stock market as they are expected to have a GDP growth of 8% next year. Also, despite dropping more than 3% yesterday, Tesla saw it's shares bounce back after the news that it will be added at full float-adjusted market cap all at once on Dec. 21 due to its ability to accommodate big trades. With other good news coming yesterday also as China finally approved the selling of the Model Y in the country. Also relating to the EV world, NIO just announced while writing this post an increase of over 100% in delivery numbers for November to over 5 thousand cars. As they company keeps it over 100% year over year deliveries increase and are expected to continue the accelerations of production capacity to accommodate the bigger order numbers. While the hydrogen power Nikola seen it's share drop yesterday after a worse than expected deal with GM, as GM has pulled back from its initial far bigger commitment with Nikola as the 2 companies signed a non-binding memorandum that expires at the end of next year, so things may get even worse for Nikola as they also scrapped plans to build the Nikola Badger electric pickup and will refund order deposits for the truck. This resulted in an over 25% drop in Nikola shares and I expect this to go even lower, as the former CEO Milton will see about 130 million shares unlocked today and a total unlock of 161 million shares, that is more than the current free float shares available for the company at 117 million. If he decides to sell those, that will crush the stock… So, I think a 15-16 $ price in the near future is possible even with Milton selling his shares. Good news for 2 of the biggest 3 companies in the world Apple and Amazon announced that they will team up to offer new cloud computing services for AWS users to be able to create and test apps remotely. This will be a big positive for both companies as Amazon will benefit from more cloud services usage while Apple continues to expand the software and services business. Other great news came for retailers as Shopify announced that sales were up 75% year over year as the Black Friday to Cyber Monday sales are booming, this bolds well for companies like Lowe's, Home Depot, Amazon and many others. While on the vaccine front, Moderna's candidate is expected to be review in mid-December. I believe the stock has gone way over it's head and has passed big players in the pharma industry like Vertex and Regeneron though for Moderna this will be they're first product to be released to the market, I think this stock is well over-hyped at this price, I don't believe it's worth more than 100$ in the long-run as more vaccines will become available with far cheaper prices. The only big company that reported earnings yesterday was ZOOM as they beat expectations by 23 cents. The stock did fall more than 5% in after-hours trading as I expected as the total number of paying customers was only up 17% quarter over quarter with far bigger increases in free users that created bigger bills and drove the profit margins lower to 66% way below the 72% analysts expected. I believe the company faces a though 2021 year as they will have very difficult comps to take on, but I believe this will remain a winner in the longer run. So I sold out of my position on Zoom before this earnings but I will keep an eye on them, if the price drops below 400$ I would be willing to buy the stock once again. Meanwhile Biden has announced his top picks for economic appointments and nominations and I believe this are very friendly picks for the stock market as he has gone with more central liberal picks and hasn't gone to far to the left. So I still believe the stock market is in a bull run for the moment with lot of great catalysts like the PRESIDENTIAL ELECTION being more and more certain, and a very likely split government after the Georgia Senate runoff election. So, with at least 2 vaccines right around the corner and treatments for the illness also getting better by the day, this will lead to a gradual reopening of the economy as less and less industries will suffer and the whole economy will eventually go back to normal. Also, the end of the US-China trade war might be in sight or at least a reduction in the trade tensions between the two biggest economies as Biden is close to taking over the Presidency in the US. Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion and other thoughts on the stock market! Have a great and see you next time! [link] [comments]  |
| Best stock market data/financial data/stock analysis websites you use? Posted: 01 Dec 2020 07:13 AM PST So I've been stepping up my research game the last 2 months and so far it's really paid off. I jumped on several trains before the real hype started, resulting all in huge profits (looking at you NIO, PLTR & NVAX). Not going to lie, I basically read a ton of advice given on Reddit or Youtube and do my own very extensive research so in no way can I praise myself for finding these gems. My question is, which websites do you guys use for finding these reports and analysis? With the profits I made I do not mind paying a small fee every month just to get some good information, preferably before the hype starts. I keep hearing about Bloomberg or Marketwatch, any experience with these? Thanks in advance! [link] [comments]  |
| Posted: 01 Dec 2020 10:25 AM PST So I purchased a few hundred shares of GRWG at $15 and had covered call options at $25 (sold those when it was in the $20's and tons of volatility). Since the election announcement, this stock has grown like crazy and is now in the $30's. My options were exercised, I made a good profit, and now am out looking to get back in to GRWG. My question to you all is what do you think a smart price point to get back in will be? It keeps growing, but has roughly 6-8% volatility per day. Do I wait for the looming next crash, or do we think $30 is now the new entry point? [link] [comments]  |
| Posted: 01 Dec 2020 02:37 PM PST Title is a question, but I'm not really asking. You can clearly see the inverse correlation it has had this year. Obviously there is index movement that has nothing to do with the value of the dollar. However, it's clear to see how the ~10% drop in DXY we've seen since March correlates to inflated prices in the market. Dollar worth less -> need more of them to own an asset. I'm throwing this out into the collective consciousness to point out that the Dollar has now dipped below a bear flag support that should send us down to 2018 levels (88-90 would be "support," we are currently at 91.17 as I write this). If you zoom out, you can see we are below a bull flag support that has held since 2015 aside from one short-lived breakdown in Q1 of '18. Inevitably, support should come here in the coming weeks or months and when it does, that should cause a healthy drop in broad market prices. If we do break down 88, we are looking at 2014 levels...yikes. It's hard to speculate what a drop to 80 would do to the market. Crazy inflation of prices? Fear based selling? Precious metals and Bitcoin the only safe haven? I'm interested to see what this large group of investors and "marketologists" think. I'm about as green as they come in financial literacy, so I'll happily leave my ego at the door to try to gain some knowledge about this subject. Thank you for your time! [link] [comments]  |
| How to spot a fake guru featuring - FxDanielSavage - Posted: 01 Dec 2020 12:42 PM PST |
| Posted: 01 Dec 2020 12:39 PM PST Hi, newbie to stocks and got a few ETF's - the price of ETFs has been going up, should I just keep buying and grow my shares? Purchase some at $218 and now its $330. Not sure if I should or not. Thanks. [link] [comments]  |
| Canadian electric truck and bus manufacturer to "IPO" on NYSE via a merger with $NGA Posted: 01 Dec 2020 08:47 AM PST |
| Posted: 01 Dec 2020 08:44 AM PST Airbnb has experienced rapid growth since their founding. Most recently, In 2019, they have generated Gross Booking Value of around $38.0 billion, representing growth of 29% from $29.4B in 2018, and revenue of $4.8B, representing growth of 32% from $3.7B in 2018. During the nine months ended September 30th, 2020, their business was materially impacted by the global COVID-19 pandemic, with GBV of $18.0 billion, down 39% YoY and revenue of $2.5B, down 32% YoY. I analyze its business here. [link] [comments]  |
| FCel just took a dive, is it time to hold or opportunity to buy ? Posted: 01 Dec 2020 03:51 PM PST Fuel cell just took a dive after the news was launching a common stock. What are your thoughts on this? Hold because they could come back stronger ? Buy ? Or Sell and never look back ? [link] [comments]  |
| Watchlist: 12/1 Dollar Weak, Weed & Bitcoin Strong Posted: 01 Dec 2020 05:40 AM PST Market Notes:The U.S. Dollar has fallen to its lowest point in over 2.5 years. Bitcoin is surging, hovering near all-time highs at writing. Weed stocks are moving up as the U.S House will vote on legislation this week. Its fate is still uncertain in the Senate. Gold is near its 200-day moving average, could find support here. Stocks took a breather yesterday but held critical support. Futures are higher ahead of the open as the SPY is poised to open near intraday highs. Santa Rally could continue into the end of the year from here. Low float and SPACs are hot. I've tagged them on the list below. Watchlist:*Low Float ^SPAC *^AMCI has resistance at $13.50 *^SAMA key levels at $12 & $13 *OBLG is on watch *CAAS is on watch *TCON key level at $10 *NM has resistance at $3 *ELYS has resistance at $2.65 *^TDAC watching for a setup above $13 *GNLN has resistance at $4.20 *HYRE has support at $7 *SNSS has support at $1.60 *APEN has support at $4 *DTEA has support at $1.60 *AQB has support at $5.25 *INOD has support at $4.35 *SUP has support at $5 ^NGA is on watch ONCY has support at $3 ^CFII is on watch VFF has support at $11 KOPN has support at $5.50 STLK has support at $9.50 & $10 HEXO key level at $1.30 [link] [comments]  |
| Selling Stock with Unsettled Cash? Posted: 01 Dec 2020 06:03 AM PST Hello everyone, I have one interesting question. (CASH ACCOUNT)
Thanks [link] [comments]  |
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