Stocks - r/Stocks Daily Discussion Wednesday - Dec 02, 2020 |
- r/Stocks Daily Discussion Wednesday - Dec 02, 2020
- Covid Pfizer vaccine approved for use next week in UK!
- PLTR Fellow Shareholders: Chill! Read Warrren Buffet's Tips and Go Outside and Take a Walk: “Be fearful when others are greedy, and greedy when others are fearful.”
- Taking out Profits and Exit Strategies, a short story (and perhaps some advice)
- Biggest "meme" stocks drop i've seen in a long time
- A Reminder For Everyone
- PLTR, one way to look at it
- Rolls Royce Stock almost $1
- Anyone worried about NASDAQ's "Board Diversity" mandate?
- BABA represents the best value in Tech right now.
- Walmart Is The Future
- Musk to Tesla employees: 'Our stock will immediately get crushed like a souffle under a sledgehammer!' if we don't control costs
- Buy the CRSR dip!
- Chinese stock delisting bill
- Marijuana ETF- MJ
- Is there any specific reason why CRSR is down 15% atm?
- Snowflake shows 119% revenue growth in first earnings report as a public company
- Morgan Stanley downgrade sends Palantir shares sliding
- Next investment move? (Long term hold)
- BlackBerry: buy or nah?
- What the heck happened to Spotify?
- Blindly Buying PLTR
- Any CRSP owners here?
- Nikola Founder Trevor Milton Can Sell His 91.6 Million Shares Starting Tuesday as Insider Lockup Period Expires
- NIO premarket
| r/Stocks Daily Discussion Wednesday - Dec 02, 2020 Posted: 02 Dec 2020 12:07 AM PST These daily discussions run from Monday to Friday including during our themed posts. Some helpful links:
If you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. Please discuss your portfolios in the Rate My Portfolio sticky.. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Covid Pfizer vaccine approved for use next week in UK! Posted: 01 Dec 2020 11:40 PM PST https://www.bbc.co.uk/news/health-55145696 The UK has become the first country in the world to approve the Pfizer/BioNTech coronavirus vaccine for widespread use. 10m doses should be available 'soon'. Masks and social distancing will still. remain in place for the time being. Are we gonna see green today? GL! [link] [comments]  |
| Posted: 02 Dec 2020 08:40 AM PST Doing nothing today might be boring, but it is the thing to do. 1. Invest in what you know…and nothing more. 2. Never compromise on business quality 3. When you buy a stock, plan to hold it forever 4. Diversification can be dangerous 5. Most news is noise, not news 6. Investing isn't rocket science, but there is no "Easy Button" 7. Know the difference between price and value 8. The best moves are usually boring 9. Low-cost index funds are sensible for most investors 10. Only listen to those you know and trust [link] [comments]  |
| Taking out Profits and Exit Strategies, a short story (and perhaps some advice) Posted: 02 Dec 2020 06:31 AM PST In the late 90's we had a similar Tech/Digital stock rally. Back then it was web page development and internet providers, now it's electric vehicles and big data. "Stonks" were only going up, up and up. You heard things like - Dude, its a new economy, this is the new normal. This is the future, you can't use old models to define value. Die all boomers and burn traditional stocks (ok I might be exaggerating on this one) Anyway, I was a finance major at a prominent university in London, UK. I was destined for greatness (and an trainee spot at Deutche Bank's analyst desk). My friend - let's call him Eli, because his name was actually Eli - was a stock genius. Everybody is a genious in a bull market, put some money in to a company in IT and bam! You had LOL GAINS. Eli was good for about 350kUSD at one point. Or I should say, 350kUSD nominal value in stocks. Because, its not money until you sell. Eli learned the hard way. The "dip" came. Eli thought "stonks only go up" I'm gonna "buy the dip". Eli bought and bought, he also had a debt position of about 25% of his portfolio. This increased to 50%. The bank called, Hey Eli - that collateral isn't so hot anymore, pay up dude. Eli paid up. One year later he had -13kUSD on his account for accrued interest rates and trading fees. So what's there to learn. Well, depends on how risk averse you are, but I see a lot of new investors that ask about when and how to take home profits. There is no rule or best practice, but here's at least an idea that I'm using myself.
So what do I do with my profits? Well, I do a few things.
Moral of the story. Make money, you probably won't see another opportunity like the one of the past 6 months. Its not coming back for a while. Don't step out of the market, pick your stocks wisely, keep some cash to pounce on some disappointing Q4's and remember its not money until you sell. Edit: Can't count to 3. [link] [comments]  |
| Biggest "meme" stocks drop i've seen in a long time Posted: 02 Dec 2020 07:17 AM PST Well it's no secret people pumped the living shit out of EV stocks, PLTR, CRSR etc. I think most of us knew it would be somewhat of a correction but this is a bloodbath. I truly feel sorry for you guys buying at the top. I think most of these stocks will rebound eventually but you guys with options are in deep trouble. What are you guys holding right now? [link] [comments]  |
| Posted: 02 Dec 2020 12:26 PM PST Trading/investing is not a get rich quick scheme. Buying on solely what you hear without doing any research into sales, future growth, PE ratio, etc is bound to get you losses. You won't have gains every day. If you fold at the drop of a hat, then the stock market isn't for you. There will be bad days, but it's up to you as an investor to understand that timing the market is dang near impossible. You need to start thinking long-term if you haven't been doing so already. If you're expecting +50% gains, you're lost dude. This isn't r/wallstreetbets so stop saying "yolo" and throwing all your money into companies that you're only buying because other people are talking about it. After all, "most news is noise; not news." Remember why you're here. Throwing your money into meme stocks is a good way to end up broke. Don't forget that we're still in the midst of a pandemic in a country whose people turned mask-wearing into a political issue. The possibility that we undergo another lockdown isn't outlandish. Do research. Read, for crying out loud. Look at earnings reports. Take everything you hear with a grain of salt. Slow and steady money is much better than losses, so act like it. I'm honestly disappointed in how some of you guys have been acting. It's those kinds of people that keep working 24/7 and hoarding everything in their bank accounts while their money loses value due to inflation. Be responsible. This is the stock market; not a casino [link] [comments]  |
| Posted: 02 Dec 2020 05:56 AM PST here is my 2 cents on it. PLTR is owned 20% by institutions, about the rest is owned by the general public. So whats the easiest way to get hold of more shares? Push down price targeg so paper hands fold. We will see a spike up ass big insitutional investors buy in their shares. Stay diamond handed [link] [comments]  |
| Posted: 02 Dec 2020 12:23 PM PST What do you guys think about Rolls Royce? Its almost at a $1.70 a share and traded $10-ish pre covid. I can't really figure out why it dropped so dramatically other than covid related slow-downs so now that vaccines are coming, is it a steal? Edit: they had a merger with a smaller company, linked in comments. Sounds profitable Edit: Spiked at close. I did it guys! 😩 finally useful [link] [comments]  |
| Anyone worried about NASDAQ's "Board Diversity" mandate? Posted: 02 Dec 2020 11:31 AM PST I understand the heartwarming sentiment of it all, but thinking long-term, do we need need to temper expectations for growth now that corporations will be prioritizing a board member's ethnic background when choosing rather than purely just their qualifications/performance? [link] [comments]  |
| BABA represents the best value in Tech right now. Posted: 02 Dec 2020 06:51 AM PST Compared to AAPL, MSFT, AMZN, TSLA, SNOW and many other Tech powerhouses BABA stands out as the only one with a price that indicates value today. I see the ANT IPO delay as a great opportunity to build a position in BABA. I see the regulatory and audit barriers ahead being dealt with professionally and cogently and the world in general moving away from the 'us and them' mentality that pervaded the last few years. Chinese consumerism will rocket post COVID and online activity across all of their verticals will increase significantly as the world re-opens for business. I forecast 25% upside in 12 months and I expect today's investors to have doubled their money by 2025. I'm interested in contrarian viewpoints as I can't seem to persuade myself that they are anything other than a great investment right now. [link] [comments]  |
| Posted: 02 Dec 2020 01:24 PM PST 🚀📈Walmart Is The Future📈🚀 Buy Walmart! Trust me, You don't want to miss out Overall: Walmart's new online Walmart plus service is very enticing and costs little to run compared to Amazon. They could become the future Amazon if the amount of people with Walmart Plus continues to grow. They should make a lot of money online during the Christmas season and pandemic and you should expect very high earnings going forward. Walmart is making a push into the pharmaceutical sector, investing money into the space. They also announced a healthcare/ health insurance program recently. Health is an area of huge potential due to the Pandemic causing focus on the health sector. Walmart is the largest retail store but was not affected to badly by the pandemic. Since they are the largest retail store you can except the stock to rise after the current restrictions on retail stores are lifted without having to worry about it falling with bad pandemic news. Walmart is: - A new online retailer with huge potential
-Set up to make money distributing COVID vaccines
These types of stocks are all stocks that people look at to find huge potential in growth. Walmart is really innovating and putting themselves in a position to grow a lot as a company over the next few years. There's a chance that they will become the world largest online retailer and worlds largest Pharmacy along with them being the worlds largest physical retail company. That might seem ridiculous but it is entirely possible. If you think this is bullshit I encourage you to read the three news articles below and my in depth analysis of the stock. Thing to read (references and today's news): 2. Walmart Pharmacy New EVP And Plan My Findings:
That took hours to write so I would appreciate it if you gave it an upvote and commented your thoughts :) [link] [comments]  |
| Posted: 01 Dec 2020 01:47 PM PST Tesla CEO Elon Musk sent an email to employees Tuesday warning they will have to control costs in order to maintain the company's streak of narrow quarterly profits. "Investors are giving us a lot of credit for future profitability but if, at any point, they conclude that's not going to happen, our stock will immediately get crushed like a souffle under a sledgehammer!" Musk wrote in the email, which was obtained by CNBC. Tesla shares continue to trade at all-time highs, and the stock will join the S&P 500 later this month. Tesla CEO Elon Musk sent an e-mail to employees on Tuesday warning them that they need to control their spending in order to continue squeaking out quarterly profits, even though shares of Tesla are trading at all-time highs ahead of the company's inclusion in the S&P 500. This year, among other things, Tesla began spending to build a new factory near Austin, Texas, and another near Berlin. The company also embarked on a makeover of its paint facilities, which are part of its U.S. vehicle assembly plant in Fremont, California. "Investors are giving us a lot of credit for future profitability but if, at any point, they conclude that's not going to happen, our stock will immediately get crushed like a souffle under a sledgehammer!" Musk wrote in the email, which was obtained by CNBC. Electric vehicle news site Electrek previously reported the contents of Musk's email. In early 2020, amid sluggish auto sales the world over, Tesla cut some employees' pay temporarily, slashed contracts with temporary workers and fired an undisclosed number of workers after an annual performance review process. It has since rehired contractors and restored employee pay. The Tuesday e-mail echoes previous statements by Musk but does not specify how Tesla plans to mind its budget. On the company's third-quarter earnings call, Musk told analysts and shareholders, "We're trying to spend money at the fastest rate that we can possibly spend it and not waste it." But on that same call, Tesla CFO Zachary Kirkhorn said Tesla plans to ramp up its capital expenditures by $2 billion versus its prior stated plans to $2.5 billion in 2021 and 2022. Among other things, he said, the increased spending would enable Tesla to "in-source" things like some of its battery cell manufacturing. Tesla raised $5 billion in September through an equity raise but needs to pay down about $1 billion in this, its fourth, quarter related to converts. Shares of Tesla were trading above $580 ahead of the market's close on Tuesday. [link] [comments]  |
| Posted: 02 Dec 2020 06:53 AM PST This corsair dip is an insane buying opportunity. Enough DD has been done already but seriously buy this before it starts mooning. Shares recommended but options could be a play as well for the risky types. [link] [comments]  |
| Posted: 02 Dec 2020 06:59 AM PST I know this is not directly related to stocks (or maybe it is, for anyone holding any chinese EVs atm), but I wanted to see if we can somewhat find out realtime when the vote for the aforementioned bill happens. Or even more, where we can look for it. I'm asking because as an european, I'm not really connected to the US Political world and I'm having trouble googling this the right way. Shame on me. Thanks everyone. :) [link] [comments]  |
| Posted: 02 Dec 2020 12:23 PM PST I've been poking around on this weed ETF (symbol MJ) and it seems like a good long term hold. Major holding is Canopy, who I like best out of all the weed stocks, but next biggest holds are aurora, tilray, etc. I'm not risky enough to put all my eggs in one basket, so buy shares of an ETF is the way to go for me. The winners ought to offset the losers, and in twenty years time the weed business should be legit and profitized. When corporations get there hands on the weed market, along with legalization, I see a huge upside over the next few decades. Thoughts? [link] [comments]  |
| Is there any specific reason why CRSR is down 15% atm? Posted: 02 Dec 2020 10:23 AM PST It's been super volatile this week so I'm assuming that it's because of just day trades, but a 15% drop is nothing to ignore. Did some major company news come out that I'm missing? It has still soared a ton since it's IPO date, but these past few days its been met with a painful drawback. It seems like these past few days of red are because of the fact that it was overvalued and overhyped before, but I feel like there is something that I am not aware of. As for my position in the company, I only have 8 shares that I bought at $24, but I will probably buy more for long term holdings in the next 6 months or so. [link] [comments]  |
| Snowflake shows 119% revenue growth in first earnings report as a public company Posted: 02 Dec 2020 01:37 PM PST https://www.cnbc.com/2020/12/02/snowflake-snow-earnings-q3-2021.html Earnings: Loss of $1.01 per share. Revenue: $159.6 million. Snowflake said it now has 65 customers contributing over $1 million in product revenue over the trailing 12 months. The company reported $927.9 million in remaining performance obligation for contracted revenue that hasn't been recognized, up 240% on an annualized basis. [link] [comments]  |
| Morgan Stanley downgrade sends Palantir shares sliding Posted: 02 Dec 2020 01:14 PM PST
Shares of Palantir closed down more than 12% Wednesday after Morgan Stanley downgraded the stock to underweight from equal weight. The company's stock slid as much as 17.6% during the day. The firm said Palantir is trading at a "significant premium" compared with its peers, with its stock more than doubling since it went public Sept. 30. "With PLTR up 155% since listing with very little change in the fundamental story, the risk/reward paradigm shifts decidedly negative for the shares," Morgan Stanley analysts wrote. Co-founded in 2003 by tech investors Peter Thiel and Joe Lonsdale, CEO Alex Karp and others, Palantir provides data analytics software and services to government agencies, including the Defense Department, the Food and Drug Administration and the intelligence community. It also sells to companies like aircraft manufacturer Airbus and energy producer BP. The company last month reported its first earnings announcement since going public. The company said its new contracts in third quarter included a $91 million deal with the Army, a $36 million contract with the National Institutes of Health and a $300 million renewal with an aerospace customer. "While strong 3Q20 results highlighting sustained momentum in the government vertical, accelerating growth in the enterprise and record margins of +25% represented a slight fundamental uptick versus initial expectations – we believe much of incremental move since 3Q20 results (shares +75% over the past 2.5 weeks) are likely related to factors outside of fundamentals, including strong retail long-interest squeezing strong institutional short-interest," Morgan Stanley analysts wrote. [link] [comments]  |
| Next investment move? (Long term hold) Posted: 02 Dec 2020 10:57 AM PST Just wanted some thoughts on what I should focus on next. Been wanting to add a bigger position in crypto and get it up to about 15-20% of my total investment. Some stocks I'm looking to add are PLTR, SQ, AMD, LULU, and SAM. All of these will be long term holds. My question is should I get into Crypto (look at BTC, ETH) or should I start a holding in the stocks mentioned? And which stock would you choose from that list if you could only choose one? Background on myself: 22 year old college student, working part-time. Only have about 23K invested so far. Already have an emergency fund, 401K contributions matched, Roth IRA will be fully maxed. [link] [comments]  |
| Posted: 02 Dec 2020 08:07 AM PST Apparently, BlackBerry announced a deal with Amazon yesterday. The stock jumped +38% and today it plunged back. -10% . What are your thoughts on this? Isn't this supposed to continue climbing up? This type of announcements usually drive the price up for a few days. Why isn't this the case with BlackBerry? And besides of that: do you see them as a good long term hold? Their stock hasn't done anything really impressive since 2006-2007 and has bern almost continuously 4-6$ since then. No catalysts, no price change, nothing. [link] [comments]  |
| What the heck happened to Spotify? Posted: 02 Dec 2020 09:17 AM PST As of writing this, SPOT is up 13.48% today. The only thing that I can think of is that the Joe Rogan Podcast is fully on Spotify as of yesterday, and Spotify just released their 2020 wrapped. Thoughts? [link] [comments]  |
| Posted: 01 Dec 2020 11:29 PM PST I'm usually very conservative when it comes to the stock market. I only invest in companies I'm confident will last a long time. If I can get about an 8% annual return on my invest I'm happy. A few weeks ago however I saw a bunch of people commenting on PLTR. Idk why but I said fuck it and bought 50 shares at $14. Now it is sitting at $25 a share with potential to grow even more. I plan on buying some more this week. I've seen some people on this page give bad advice plenty of times. But Every once in a while this page pulls through and I'm glad I took a chance with it thanks to you guys [link] [comments]  |
| Posted: 02 Dec 2020 11:11 AM PST I just bought a few shares of crisper at 101 average. I had a friend tell me about this. Any thoughts on futures? Short or long hold. It is in the gene editing business. Things like predicting eye colors and other scientific gene editing technology. He basically told me they're playing god. He's a religious person so to see him in in this was kind of shocking to me. I see alot of potential for people wanting different color eyes/hair/ and whatever other features . It could be huge IMO .. Will it be ethical, legal, and more importantly can this be profitable for shareholders? [link] [comments]  |
| Posted: 01 Dec 2020 05:25 PM PST Nikola Founder Trevor Milton Can Sell His 91.6 Million Shares Starting Tuesday as Insider Lockup Period Expires [link] [comments]  |
| Posted: 02 Dec 2020 06:20 AM PST NIO is down over 11% on the premarket atm ($40) and I feel like it's a much needed correction. As someone with no shares in it currently I am looking to get in but unsure if this is a dip or a full on crash? [link] [comments]  |
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