Stock Market - JPMorgan is acquiring a major credit card rewards business in a bet that travel will rebound next year |
- JPMorgan is acquiring a major credit card rewards business in a bet that travel will rebound next year
- Daily Market Recap - Monday, December 28, 2020
- The Greeks: What You Should Know Part 2
- Quick Stock Market News for Today | SP500 / NASDAQ / DOW JONES / ALIBABA [BABA] | [12-28]
- Questions about short term Capital Gains / Loss
- PCPL: Sleeper SPAC with merger announced
- Dkng opinions
- Can you make living by long term stocks investment?
- Slowly Building my portfolio
- Retroactive Dollar Cost Averaging Predictor Tool?
- Data-Driven Portfolio Building Application
- Dollar cost Average vs Lump sum investment
- BREZ - New Blank Check SPAC that's been drawing alot of attention
- Watchlist: 12/28 Margin & Bitcoin: New Highs to End the Year
- POET Technologies
- What’s your IRA picks for 2021?
- This stock makes a shocking move!
- ARK ETFs - UK investing
- Help Needed
- Best investment/stock market panel topic RN?
- IPOE
- What happened today?
- Capital Gains Tax
| Posted: 28 Dec 2020 09:46 AM PST JPMorgan Chase has agreed to purchase one of the biggest third-party credit-card loyalty operators in a bet that pleasure travel will rebound sharply after the coronavirus pandemic subsides, CNBC has learned. "People across the globe want to vacation and travel again, and hopefully that will become a reality for many in the near future," Lake said in a statement. "Acquiring the travel and rewards businesses of cxLoyalty will provide enhanced experiences to our millions of Chase customers once they are ready, comfortable and confident to travel." Time to buy more jpm for 2021 recovery play. JPM have strong trading revenue and it will be rebound sharply next year. This is a good non-tech stock to own for long term. [link] [comments]  |
| Daily Market Recap - Monday, December 28, 2020 Posted: 28 Dec 2020 01:45 PM PST PsychoMarket Recap - Monday, December 28, 2020 Stocks rose Monday after President Trump finally signed the $900 billion virus relief package following a multi-day delay. The S&P 500 (SPY) finished 0.87% up, the Nasdaq (QQQ) finished 1.01% up, and the Dow Jones (DIA) finished 0.66% up. Last weekend, President Trump suggested he might not sign the new $900 billion coronavirus relief package Congress recently approved. Over the weekend, Trump finally signed the $900 billion stimulus package recently passed by Congress. In approving the bill, Trump also signed the $1.4 trillion fiscal spending bill for next year, averting a government shutdown. The bill includes another round of direct checks to Americans, this time for only $600, enhanced federal unemployment benefits of $300 per week, and approximately $325 billion in aid for small businesses and replenishes the Paycheck Protection Program. House Speaker Nancy Pelosi is set to hold a roll call vote over a separate measure to increase the direct payments on Monday, after having failed to pass it through unanimous consent on Thursday. It is unclear whether or when the Republican-controlled Senate would take up the measure. Unfortunately, December has been the nation's deadliest month since the Covid-19 pandemic's start -- with more than 63,000 Americans lost to the virus in the past 26 days. In comparison, the entire month of November saw about 36,964 deaths. The heightened death toll follows a brutal two months that saw the average of daily new coronavirus cases spike from around 90,000 at the start of November to over 200,000 by the end of December. The authorization of Moderna (MRNA) and Pfizer's (PFE) coronavirus vaccines offer hope that a medical solution for the pandemic is coming, but experts continue to warn that while the end is in sight, we must continue to do our part in the next few months to flatten the curve as much as possible while we wait for widespread distribution of the vaccine. Experts have warned of another surge in coronavirus stemming from holiday travel. According to the TSA, more than 7 million people were screened at airport security points in the US, the second busiest week of travel since Thanksgiving. Dr. Anthony Fauci, the top infectious disease expert in the United States said, "We very well might see a post-seasonal -- in the sense of Christmas, New Years -- surge," implying that holiday travel and private gatherings taking place could lead to another surge in cases, similar to what happened in the weeks following Thanksgiving. Highlights
"We are what we repeatedly do. Excellence, then, is not an act, but a habit." ~Aristotle [link] [comments]  |
| The Greeks: What You Should Know Part 2 Posted: 27 Dec 2020 09:42 PM PST A lot of us know what the Greeks do individually but aren't as certain on how they behave in relation to each other and the underlying asset. This write up will be done with the assumption you have read the previous post here: Quick Example Say John buys XYZ 100 1/15/21 Call (Buy-to-Open) for 1.00 and this contract has the following values: Delta: 0.50 Gamma: 0.05 Theta: -0.02 Vega: 0.01 and the Current price of XYZ stock is $95.00. This tells a lot but we will start with how Delta and Gamma work together: (1) The Delta says that for every $1 move either up or down in price, will either decrease or increase the value of the option contract by 0.50 (e.g. $50). You will notice most option contracts are bought and measured for statistical purposes in the ranges of 0-0.20, .21-.40, .41-.60, .61-80, and .81-1.00. (2) Then because Gamma is 0.05, for every change in Delta relative to a $1 movement in the underlying asset, The value of the option contract will increase by an additional 0.05 ($5) for every additional $1dollar change in the underlying assets price which would there create a correlated change in delta which is measured by gamma. So if the option contract for XYZ is 1.00 when the price of the underlying asset is $95 and then price moves up $1 dollar then the value of the contract becomes 1.50. (1.00 + 0.50) THEN, if the price moves an additional $1, Then the equation becomes, (1.50 + 0.50 + 0.05) = 2.05. We add Delta and Gamma together whenever we have additional 1$ movements or quantifiably similar changes in delta. (3) Theta, which is the amount of daily time decay that decreases the value of your options contract. So here we know that even if delta and gamma increase, With Theta being -0.02 we can expect to lose 0.02 every day we hold this contract. INCLUDING WEEKENDS. So now the Equation becomes 2.05 (current value of delta + gamma after a $2 movement) – 0.02 = 2.03. (4) Vega tells us that if Implied Volatility has a 1% change, then Vega will correlate the price increase or decrease related to the premium paid to buy/sell an option contract. If Vega is 0.01 then we add that to the value of the option contract. With 2.03 (Delta + Gamma – Theta) + 0.01 ($1) = 2.04. We do not use RHO in this calculation. Please note that these are not Static numbers and they will change drastically in relation to volume. You will notice Greek Combinations that have very high Delta and Gamma and Vega translates to an option most likely having a Higher Implied volatility because of how much of a range the option can move in and out of the money from delta and gamma while understanding from Vega that there is also a lot of dynamic price movement to either side. You will find these combinations in ETF's like SLV, GOLD, XLK, things like that. Because they have high In-the-money probabilities and because their price doesn't move much, GAMMA is very high which in turn means that smaller changes in delta will add to your contract value quicker. The most important thing here is understanding the formula and making sure there is liquidity (Volume and open interest) in your contract position. I did want to touch on straddles and covered calls which many believe is a better way to trade options in terms of risk vs. reward. Straddles Writing Calls A Neutral or Bearish investor can write (sell) a call and collect the premium. An investor who believes a stock's price will stay the same or decline can write a call to: There much more to learn Hope this helps! Edit: Added Content Related to Straddles and writing Calls [link] [comments]  |
| Quick Stock Market News for Today | SP500 / NASDAQ / DOW JONES / ALIBABA [BABA] | [12-28] Posted: 28 Dec 2020 05:06 AM PST Do you want to know what happened in the stock market on Thursday? Let's talk quickly about that and what were the latest news over the weekend ~Long Post~ Hello everyone and Good Morning! I'll try to keep this as short as possible this time so that everyone can enjoy the holiday period as much as possible. So, let's start with the recap of Thursday, as we saw all 3 big indexes closing in the green with the SP500 leading the way up .35%, but still lost ground for the week, down .14%, the Nasdaq Composite gaining .26% and finishing .38% up for the week and the Dow Jones rising by .23% to close the short week of trading with a small gain of .1%. We also saw the VIX dropping by more than 7% again to bring the volatility index down to the previous levels before the 30% spike we saw on Monday, as it has dropped almost 7 points after that spike. We had a pretty much even market with just over 100 new highs as most companies traded below average volume on the short day, with 10 of the 11 sectors of the SP closing in the green, with Real Estate, Utilities & Technology leading the way while the Energy sector was the only one which lost ground Thursday, as Large-Cap growth companies were the biggest gainers, with small-caps finally underperforming after a great run in the past weeks. Here is the HEAT MAP from Thursday, with most big tech Names gaining slightly, except Alibaba which plunged after China started the probe into the monopolistic practices of the company, while for the week we can see a pretty mixed stock market with big gains being made in the tech sector mostly, while big healthcare names, utilities and most of the Energy companies lost ground this week. We also got a couple of economic numbers in the past few days, as holiday retail sales are estimated to be up 3% with online sales up almost 50% between the 11th of October and the 24th of December as e-commerce accounted for almost 20% of overall retail sales, up more than 6% since last year with big winners like Amazon, Wayfair an Etsy as well as big gains in the home improvement and home furniture sectors. The other big number we received is more worrying, as investors have made a new high in margin debt, with over $700B in margin through November, I personally don't use margin even when buying leveraged products to avoid too much volatility in my portfolio. And one last report that we got from Reuters, is that they expect China to overtake the US and become the biggest economy by the end of the decade. We only have a fed survey coming in today, and this week will be most of the same, with only some sprinkled numbers in the middle of the week, and not anything interesting to be reported as earnings go, before a closed day on New Year's Day. And in some other stock market news, we saw Alibaba increasing the stock buyback plan to $10B but this wasn't enough to stop the bleeding for the company as this news came alongside the demands made by the regulators for Ant Group to fix problems in some segments of their business before they can move on with the company going public. Let's hope for a good day in the market as the FUTURES US / FUTURES INTL seem to be pointing at a good open, with all 3 big indexes in the green as the Nasdaq is leading the way, after President Trump finally signed the stimulus deal last night, finally ending this long messy situation. Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! Have a great day and see you next time! [link] [comments]  |
| Questions about short term Capital Gains / Loss Posted: 28 Dec 2020 06:52 PM PST I am a new to the stock market and had some questions about taxes. In summary - I lost $373.00 on TSLA options. I then gained $850 on TSLA shares and sold the TSLA shares after holding for 3 months. I then invested in some other stocks with the TSLA gains and am currently down $205 on these stocks. I am thinking of selling these stocks before 12/31/2020 to write off the TSLA gains when it comes to Tax Season; as I see no point of holding these shares at a loss when I can sell then before year end to reduce the capital gains tax I would pay for TSLA gains My questions are:
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| PCPL: Sleeper SPAC with merger announced Posted: 28 Dec 2020 07:47 AM PST Ticker: PCPL (Neuberger Principal Holdings) Price as of Previous Close: $11.05 Merger target: E2OPEN Sector: Tech (B2B SaaS) Status: Definitive Agreement TLDR: #1 leading supply chain SaaS provider with low valuation. Hidden gem work-from-home economy play. if you like the APXT merger you should like PCPL even more. Info about E2Open: Business-to-business SaaS provider, focused on software for supply chains for telecom, electronics systems, computers, components etc. The company was a joint project by LG, IBM, Seagate, Hitacha, Solectron, Toshiba and Nortel. It is based in Texas and was founded 20 years ago. E2Open is the world's largest supply chain operating network. Prior to being acquired by a venture capital company in 2015, E2Open was listed on Nasdaq. Its historical trading data can be found under the ticker EOPN (https://www.investing.com/equities/e2open-inc-historical-data) It IPO'ed in 2012 at $15, peaked at $27+ in 2014, and declined to $8.5 by the time of its acquisition in 2015. Industry Insight/Hype Potential: Although SaaS isn't quite as hot as EV these days, there are still plenty of investor interest in tech companies that deliver on revenue and growth. For example, another SaaS provider AvePoint (APXT/AVPT) is trading above $16. Here's a comparison between AvePoint and E2Open: AvePoint is a cloud based SaaS provider founded in 2001 with ~1300 employees, ~$150m annual revenue. It will have a pro-forma EV of ~$2b E2Open is a cloud based SaaS provider founded in 2000 with ~2400 employees and ~$300m annual revenue. It will have a pro-forma EV of ~$2.5b "You can't compare E2Open with AvePoint… AvePoint has clients like MSFT!": Here are some of E2Open's clients: Boeing, Bose, Dell, General Electric, Kelloggs, L'Oreal, Lenovo, P&G, Seagate, Vodafone, AMD, Canon, Oracle, NVidia, HP etc etc E2Open has a 4.7 rating based on 500+ reviews (source: https://www.featuredcustomers.com/vendor/e2open/testimonials.) Here is what Vodafone's Group Supply Chain Management Director and CEO Detlef Shultz had to say about E2Open's Supply Chain Management Softwares: "E2Open understands the direction we're taking as a company, and continues to help us refine and move toward that vision. By automating key business processes as part of a comprehensive supply chain strategy, we have been able to eliminate redundancies and more quickly meet transactional goals." Here is an overview of E2Open vs. some of its direct competitors in terms of company size and revenue: https://www.owler.com/company/e2open#competitors Outlook: E2Open has been aggressively snapping up acquisitions to further cement its role as a leader in supply chain management. Among its most recent acquisitions are: Averetek (2019), Amber Road (2019), INTTRA (2018), Cloud Logistics (2018), BIrch Worldwide (2018), Zyme Solutions (2017) and Steelwedge Software (2017). The money raised in the PCPL merger would pay down existing debt, improve balance sheets, and perhaps fund more strategic acquisitions in the coming years. Logistics will definitely play a huge role in the post-COVID world, and as the #1 supply chain management SaaS E2Open is poised to benefit the most from this fact. Of course, there are many other factors other than customer reviews and revenues to consider when it comes to a company's valuation. To that end, I would recommend that you do your own DD. Resources: Investor Presentation: https://www.ccnbprincipal.com/investor-relations/cc-neuberger-principal-holdings-I/default.aspx https://www.investing.com/equities/e2open-inc I haven't noticed PCPL being mentioned on Reddit or elsewhere, so I'm inclined to believe that word about this SPAC hasn't gotten out yet. There are only ~800 people watching PCPL on Stocktwits compared to Apxt's 18000+. I will say that at ~10% over NAV, the risks here are very low (for now). The merger will happen some time in Q1 2021, and I believe that the price of PCPL will shoot up once it is announced. Disclaimer: this is NOT financial or investment advice. This is just research that I came across and decided to share with you. [link] [comments]  |
| Posted: 28 Dec 2020 09:47 AM PST What's your thoughts on DraftKings in the next 6 months. Invested 100k today and I'm thinking that we'll be seeing spectators at sporting events in next 3 months. Just the hype of sports going back to normal should increase Dkng demand along with legalization in more states to come. Hoping to see its stock hit $100 a share. To optimistic? [link] [comments]  |
| Can you make living by long term stocks investment? Posted: 28 Dec 2020 08:23 PM PST If one have 500 k USD, and he invested in the stock markets, he purchased several good stocks. The average return in the stocks market is around 10%. Hence, he could make around 50 k usd in yearly basis, is this true? Is this common? And did any small investor make a living through this approach? If yes give me an example, don't point out big investor like Warren buffet, [link] [comments]  |
| Posted: 28 Dec 2020 07:42 PM PST First time posting, I recently opened a ameritrade account my three core investments so far are 1. VFIAX 2. VTIAX 3. VBTLX I'm looking to build off my core investments but I'm unsure on which route I wanna take I'm thinking of adding a mix of STOCKS, ETFS, BONDS, REITS , maybe CDS I'm just unsure where to start or where to begin any suggestions? That might help ? [link] [comments]  |
| Retroactive Dollar Cost Averaging Predictor Tool? Posted: 28 Dec 2020 07:38 PM PST Is there a way to see how dollar cost averaging an amount of my choice starting in a year of my choice into a stock of my choice would have performed across a time period of my choice? I can estimate it roughly in a spreadsheet but I'm curious if there's a tool for this. Thanks! (*Maybe simulator is a better word than predictor here*) [link] [comments]  |
| Data-Driven Portfolio Building Application Posted: 28 Dec 2020 03:21 PM PST |
| Dollar cost Average vs Lump sum investment Posted: 28 Dec 2020 06:55 PM PST I plan to max out my Roth IRA and plan to put $1000 each month to both mine and my spouses Roth IRA to get it max out in a year and invest in VTI. I am 31 and earn 64400 per year. My strategy ofcourse is what is popularly known as dollar cost averaging. But contrary to that research done by Vanguard comparing both DCA and Lump sump investment suggest that latter outperforms 67 percent of the time because market spikes more than it drops in the course of the year over several decades. Any suggestions to what would be the best strategy in my case. [link] [comments]  |
| BREZ - New Blank Check SPAC that's been drawing alot of attention Posted: 28 Dec 2020 06:28 PM PST Figured I would give everyone a heads up on a new Energy SPAC that's about to form some merger deals just entered the market. Their 1:1 warrants, BREZW , went from $0.66 to $1.30 in 2 days since they been on the market. If you get in early usually these warrants go to at least $3 from these starting point areas and energy stocks are trending right now alot with all SPACs coming on the market. They normally announce the new deal with in the first few months if not less. Thy seem to be companies that go straight into merger or buyout deals and take over companies. It's still really early so the upside potential is huge. [link] [comments]  |
| Watchlist: 12/28 Margin & Bitcoin: New Highs to End the Year Posted: 28 Dec 2020 03:47 AM PST Market Notes:Markets are continuing to climb as the VIX is sinking lower toward 20. Bitcoin surged to new highs over the weekend and is holding well above $25,000. Traders have record amounts of margin debt as they continue to make bets the run is not over. The previous margin record was set in May 2018. Before that, it was 2008 and 2000. Speculation is running wild right now. I do believe this trend can continue longer than anyone thinks. While I'm not an advocate for picking the top we are due for a correction. The stimulus bill has been signed. Newly printed money is on its way to the economy. I'm bullish! Watchlist:FLY is a lowish float, support at $10 HCHC has resistance at $4 IZEA watching for a setup above $2 MBIO has resistance at $3 AQMS has support at $2.70 TRIT has resistance at $15 GEVO has support at $4.30 UUUU has support at $4.30 OCGN has resistance at $3 ENDP has support at $6 [link] [comments]  |
| Posted: 28 Dec 2020 04:50 PM PST POET Technologies (TSX Venture: PTK; OTCQX: POETF) What do they do? They are the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets. Where do I receive my DD: https://agoracom.com/ir/POETTechnologies/forums/discussion This forum has been going to 10 years. They have many many patents for tech that will bring 5G and faster data transfer a reality. Their time is NOW. Silicon has its limits, their tech doesn't. I wish all best of luck, this bitch is about to blow imho. [link] [comments]  |
| What’s your IRA picks for 2021? Posted: 28 Dec 2020 07:26 AM PST Every new year i max out my IRA and put the money in a single stock. Usually, I'll have a good idea by this time of the year but this year I have no idea what to buy. I'm curious if anyone else does this and if so what's your pick for 2021? [link] [comments]  |
| This stock makes a shocking move! Posted: 28 Dec 2020 07:05 PM PST Argo Blockchain Plc stock (LSE:ARB) has experienced what some people might think is a shocking movement. Price has skyrocketed in the last few days, following the bullish effort that started in August 2020: https://uk.advfn.com/newspaper/azeez-mustapha/58029/this-stock-makes-a-shocking-move [link] [comments]  |
| Posted: 28 Dec 2020 08:48 AM PST Hello, I'm currently investing £500 a month in Vanguards Global All Cap stocks and shares ISA. I read a lot on here about ARK ETFs, and I'm thinking maybe I should be looking at investing some money in these. Obviously I'll do further research, but just wondering what people's thoughts are on this? Also, what's the best way for someone in the UK putting money into one of these? Just downloaded Trading 212 but can't find anything? [link] [comments]  |
| Posted: 28 Dec 2020 08:13 AM PST Hey everyone, hopefully everyone is staying safe and enjoying their holidays. I just got 500 dollars for Christmas and i decided to invest it into stocks. I am quite young so i am new to investing but with the help of Youtube, i am able to learn the basics. I was writing to ask you guys was what are some stocks that i can buy to build my 500 dollar portfolio. Longterm or shortterm [link] [comments]  |
| Best investment/stock market panel topic RN? Posted: 28 Dec 2020 05:23 AM PST Hey guys, Due to lack of people i've been assigned to organize a panel discussion on Stock Market/Investments (but I'm a noobie). 😅 So I'm trying to lookup on reddit which topics would be awesome to discuss rn, but I can't find any and I need to start inviting participants (experts) ASAP. I'm looking for a niche not overall topics, so what would you prefer guys or what would be a interesting for you to hear experts discuss about? Thanks in advance! [link] [comments]  |
| Posted: 28 Dec 2020 02:04 PM PST IPOE (Social Capital Hedosophia Holdings V) the 5th SPAC from Chamath that is still flying under the radar. Just look at the trend of his previous 4 SPACs. IPOA - now trading as SPCE was above $30 IPOB - now trading as OPEN was above $30 IPOC - will change to CLOV next week and is currently above $17 IPOD - already above $14 IPOE - still around $12.5 Get in before everyone jumps on this one. Will cross $20 before you know. Position : 1000 shares at $11.5 [link] [comments]  |
| Posted: 28 Dec 2020 01:46 PM PST Hi everyone, I see that overall the market did great but I had a few companies that were down 10%-5% today. (TTD, CHWY, DDOG...) I assume this is because they have been crushing it during covid and it seems like we are over that hump? Could be down because of the stimulus bill too but I'm honestly just not sure why they took such a big blow while everything else was up. Anyone have any ideas? [link] [comments]  |
| Posted: 28 Dec 2020 09:52 AM PST Lets say you have significant capital gains tax in the tens of thousands and you don't have to report until the following tax year since its made beginning 2021. What do you do with it? Just set it aside as cash and let it sit til you have to pax taxes or let it sit in a low risk etf or reinvest? Seems riskier to reinvest until you need to pay taxes but also seems like a significant amount of gains to miss out on? What do y'all think? [link] [comments]  |
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