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    Tuesday, December 29, 2020

    Stocks - r/Stocks Daily Discussion & Technicals Tuesday - Dec 29, 2020

    Stocks - r/Stocks Daily Discussion & Technicals Tuesday - Dec 29, 2020


    r/Stocks Daily Discussion & Technicals Tuesday - Dec 29, 2020

    Posted: 29 Dec 2020 12:06 AM PST

    This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post.

    Some helpful day to day links, including news:


    Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions.

    The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.

    TA can be useful on any timeframe, both short and long term.

    Intro to technical analysis by Stockcharts chartschool and their article on candlesticks

    If you have questions, please see the following word cloud and click through for the wiki:

    Indicator - Trade Signals - Lagging Indicator - Leading Indicator - Oversold - Overbought - Divergence - Whipsaw - Resistance - Support - Breakout/Breakdown - Alerts - Trend line - Market Participants - Moving average - RSI - VWAP - MACD - ATR - Bollinger Bands - Ichimoku clouds - Methods - Trend Following - Fading - Channels - Patterns - Pivots

    See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.

    submitted by /u/AutoModerator
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    ARK Funds dividends

    Posted: 29 Dec 2020 07:27 AM PST

    I was looking at my balance this morning pre-market and noticed that it's significantly less than what was shown from yesterday after close, so I reached out o ETrade and asked what happened. It turns out that my holdings (ARKK, ARKG, and ARKW) all have a special dividend. The dividend has not yet been issued, but the dividend lowered the price of the stock by the amount of the dividend.

    Just thought I'd share this in case anyone else hold these ETFs and not aware of this special dividend.

    submitted by /u/EricTheAce
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    If you had 3k to invest in your first stocks, what companies would you invest in?

    Posted: 28 Dec 2020 05:31 PM PST

    Looking to invest into the market with a little bit of money and see how it goes. I have a couple ideas in mind but I've never invested before and am seeking some possible advice or ideas. Anything is appreciated. Thank you

    submitted by /u/SlowMobius650
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    China's Yahua agrees five-year deal to supply lithium to Tesla

    Posted: 29 Dec 2020 07:40 AM PST

    https://in.reuters.com/article/us-yahua-group-electric-tesla-lithium/chinas-yahua-agrees-five-year-deal-to-supply-lithium-to-tesla-idUSKBN293132

    Tesla, which started delivering the first vehicles from its gigafactory in Shanghai in December last year, already sources lithium - an ingredient in EV batteries - from China's Ganfeng Lithium, one of the world's biggest producers of the commodity.

    The Yahu deal underscores Tesla's "huge demand" for battery-grade lithium hydroxide, "particularly in view of the ramp-up of Model Y production" in Shanghai, the Daiwa analysts wrote in a note.

    Tesla last month secured permission to start selling the Model Y sports utility vehicle in China.

    submitted by /u/coolcomfort123
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    Signs I May be Addicted to "Investing"

    Posted: 29 Dec 2020 05:21 AM PST

    https://www.investopedia.com/articles/basics/12/addicted-to-investing.asp

    I just read this and it hit way too close to home. I'm posting it here in case it could help anyone else. My problem, as I see it, is that I DO have a sound plan that DOES work. However, life happens and the stock market is an easy place to distract myself from life's worries and then I find myself - ONCE AGAIN - in a position where I blow up my plan for some gamble and then I'm down.

    Like yesterday, I was groggy and didn't even follow my basic rules and KABOOM I'm down like $2K today. It is so disheartening after working so hard to secure that $2K.

    I just really need to reassess my priorities and why I was taking control over some of my retirement in the first place.

    Best of luck to you all.

    submitted by /u/folkwoodswest
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    Should’ve expected a big red day

    Posted: 29 Dec 2020 09:05 AM PST

    I feel like even with good things happening such as the stimulus and a potential raise in the stimulus amount, just because it's Dec. 29th the last day you can sell for a tax loss that it should be expected to be a big red day. This is my first year trading but is it not blood red on this day every year?

    submitted by /u/ILoveSudoku
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    Why ICLN vs other clean ETFs?

    Posted: 29 Dec 2020 07:10 AM PST

    I constantly see ICLN promoted around here over other clean ETFs like QCLN and PBW. Both of the latter have had significantly better returns in the last year, 133% for ICLN vs 198% for PBW and 170% for QCLN. I know that ICLN has a more narrow selection and lower rates, but it still seems like the other two options are better to me. Why should is ICLN more hyped and is it something I should be considering over QCLN or PBW?

    I have investments in PBW and TAN currently.

    submitted by /u/always-epic
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    Built a Google Sheets template with automatic data retrieval to help monitor your stock portfolios and watchlists.

    Posted: 28 Dec 2020 10:35 PM PST

    As the title says, it is available here.

    Currently working on an Excel add-in. Another version for dividend-focused portfolios exists as well.

    Feedback very much welcome!

    submitted by /u/McLarenLT
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    Buy Low, Sell High

    Posted: 29 Dec 2020 10:50 AM PST

    Hey everyone,

    I think my portfolio is too much diversifed, and thus even the profitable ones are making not so much. I need to shrink them but having difficulty getting rid of them because i think all of them are either growing or have potential to growth. My investment is 25k and I am up by 30%. How do you guys go in this situation? My portfolio looks like this ( most to least order). I do not want to inject more money but would love to shrink and possibly get few new ones.

    Tsla, baba, cost, aapl, msft, v, amd, mmm, bigc, net, fsly, wmt, momo, oxy, jpm, sq, ko, spce, pltr, dkng, acb, nio, xpev, wkhs

    submitted by /u/c_c_AtMaNdu
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    I got an email saying ARKG was making adjustments due to corporate action

    Posted: 29 Dec 2020 07:01 AM PST

    Hi,

    Got an email this morning about ARKG making adjustments due to corporate action. Soon after, the price dropped pretty steeply.

    NBD, I picked up 24 shares. Just keep adding on. But what's going on? Thanks. Happy Tuesday everyone.

    submitted by /u/bRt610n12
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    Was given $100 at birth and it is now $6200.

    Posted: 29 Dec 2020 10:56 AM PST

    Would it be best to leave it alone in the brokerage account that it's in? Or take that out and put it into a Roth?

    I guess I'm wondering if there's some sort of benefit in keeping the stock price from 25 years ago and just not messing with it.

    submitted by /u/WalkerTejasRanger
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    $1000 for each kid -- 10 years before they'll need pulled. What would you invest in?

    Posted: 29 Dec 2020 08:20 AM PST

    I do a bunch of penny trading, but I'm not willing to do that with some money that I'm looking to put in for my kids.

    Want to drop $2000 total in an account and sit on it, what would you guys suggest? TSLA? AAPL?

    I know it's not a ton of money, and they're not going to get rich off this, but making them some long term gains would be great.

    submitted by /u/Sad_Broccoli
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    INTC: Hedge fund Third Point urges Intel to explore deal options

    Posted: 29 Dec 2020 10:18 AM PST

    https://www.todayonline.com/world/exclusive-hedge-fund-third-point-urges-intel-explore-deal-options

    "Third Point CEO Daniel Loeb wrote to Intel chairman Omar Ishrak calling for immediate action to boost the company's position as a major provider of processor chips for PCs and data centers. The New York-based fund has amassed a nearly $1 billion stake in Intel, according to people familiar with the matter.

    Loeb said in the letter that Intel's most urgent task was addressing its "human capital management issue", as many of its talented chip designers have fled, "demoralized by the status quo".

    Intel has lost its pole position in microprocessor manufacturing to Taiwan Semiconductor Manufacturing Co and South Korea's Samsung Electronics Co Ltd, Loeb wrote in the letter.

    Intel is also losing market share in its core PC and data center markets to Advanced Micro Devices Inc, Loeb added. NVIDIA Corp is dominating computational models used in artificial intelligence applications, while Intel has been largely absent in this nascent market, according to the letter.

    "Without immediate change at Intel, we fear that America's access to leading-edge semiconductor supply will erode, forcing the U.S. to rely more heavily on a geopolitically unstable East Asia to power everything from PCs to data centers to critical infrastructure and more," Loeb wrote.

    Intel did not immediately respond to a request for comment.

    Loeb asked Intel to retain an investment advisor to evaluate strategic alternatives, according to the letter. Third Point believes that Intel should consider separating its chip design from its semiconductor fabrication plant manufacturing operations, according to the sources. This could include a joint venture in manufacturing, according to the sources.

    Intel customers, such as Apple Inc, Microsoft Corp and Amazon.com Inc, are developing their own in-house silicon solutions and sending those designs to be manufactured in East Asia, Loeb wrote. He suggested Intel must offer new solutions to retain these customers rather than have them send their manufacturing away.

    Third Point, which has $15 billion in assets under management, has experience in pushing companies to pursue deals, including at Prudential Plc, Yum! Brands Inc, Dow Chemical and United Technologies"

    If anyone was wondering why INTC jumped today, it's this. Hope this triggers some action within the company.

    submitted by /u/youdonthavemynumber
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    anything worth buying today? looking at ARKG, SQ, NET, AMD, CLNE......anyone else? pton/chwy?

    Posted: 29 Dec 2020 10:26 AM PST

    hi all,

    some dicounts today, but anything worth buying at this point? looking at ARKG, SQ, NET, AMD, CLNE......

    potentially looking at others that are down like pton/chwy, but still feel they are high.

    appreciate your thoughts

    submitted by /u/rammerman123
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    Small/Micro stocks to invest in 2021

    Posted: 29 Dec 2020 11:37 AM PST

    Hello everyone, just wondering if there are any good stocks that people are watching that haven't blown up yet (IE: 100% already) but have fairly promising potential. Just looking for a few companies to research and potentially snag while low/undervalued or still not commonly known.

    For example, I bought DNN a couple months ago for .34 cents and its up 100% but was undervalued for a while since it isn't well known.

    Or like Huya that looks greatly undervalued pending their acquisition of their biggest competitor.

    submitted by /u/Elements-fury
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    ARCT down 40% in post COVID trial news and analyst downgrades

    Posted: 29 Dec 2020 06:29 AM PST

    Looks like analysts have universally downgraded ARCT after its most recent trials: https://www.marketwatch.com/story/arcturus-therapeutics-shares-slide-37-in-premarket-after-covid-vaccine-data-are-deemed-underwhelming-11609250275?mod=mw_quote_news

    Looks like the vaccine news was underwhelming, specifically around analyst confidence that ARCT can deliver a single shot COVID vaccine.

    "While this latest dataset does not completely impair single-shot ARCT-021, which may provide protection against COVID-19 infection in Phase 3, the lack of SARS-CoV-2 neutralizing antibody (NAb) titers at or above levels seen in convalescent sera reduces our confidence that ARCT-021 will be able to achieve competitive levels of vaccine efficacy with single-shot dosing," analysts led by Stephen Seedhouse wrote in a note to clients. "At a minimum, the question will be asked by the market and unanswered until Phase 3, thereby limiting near-term upside and justifying a Market Perform rating."

    On November 9 when PFE released their vaccine news, ARCT fell 50% from $60 to $33 before rallying all the way to $120. Now it cratered back to $60 as everyone believes that ARCT is just going to "market perform".

    I believe this is the way it goes for pharma stocks, where they live and die by results.

    ARCT is still a top 5 holding in ARKG: https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK_GENOMIC_REVOLUTION_MULTISECTOR_ETF_ARKG_HOLDINGS.pdf

    It may be worth selling CSPs for super high premium today if you're looking to enter this stock, its hard to say what the floor is though. $33 was the previous floor, but without a good catalyst I don't see ARCT moving back into the 90's.

    submitted by /u/radarbot
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    PLTR, I wanna buy another dip

    Posted: 29 Dec 2020 03:54 AM PST

    Soo i have sold some shares and i'm like 20k fluid rn. I really really wang to throw that at Palantir at 23$, do you think it'll dip somemore today&tomorrow?? or is 25 the lowest it will go. Lmk guys thanks for hhe help

    submitted by /u/dv_oc871
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    Two stocks have had highly unusual trading activity two days in a row

    Posted: 29 Dec 2020 11:18 AM PST

    ACY yesterday shot up 1000% which prompted the SEC to halt trading. The company made a statement that they did not know why. https://www.globenewswire.com/news-release/2020/12/28/2150981/0/en/AeroCentury-Corp-Comments-on-Unusual-Market-Activity.html

    Same story today with UUU, https://finance.yahoo.com/news/universal-security-instruments-comments-unusual-152800419.html

    It almost seems like somebody, be it an entity or individual, has figured out a way to game the markets?

    submitted by /u/enitsv
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    Year-end summary. It has been a wild ride!

    Posted: 29 Dec 2020 08:05 AM PST

    This year has been wild. I invested, day-traded, and gambled WSB style. Looking back at the end, I have to say luck is the difference between the 2 accounts.

    I completely miss the TSLA run-up (paper hand and sold too early). However, TSLA does have a unique character that is that it likes to hit its pre-market high during the day if it opens 2%-3% lower than its premarket high (when the premarket high is lower than the previous close) so I day traded this stock all the way up.

    I baghold NAT, RKT, and HYLN from FOMO like some of us 10k down combined from those 3. It's too late to cut my loss now since so many people are in the same position and cutting their losses so those three stocks will continue to go down until the year-end. I'll carry the loss into next year.

    https://imgur.com/OifWrpX

    Good luck to all of you. May your path leads you to tendy town rather than the dumpsters behind Wendy.

    submitted by /u/paq12x
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    Where did you get your money?

    Posted: 29 Dec 2020 01:16 PM PST

    I'm seeing a lot of posts about people just starting to invest and asking for help/advice.

    My question is a two-parter. 1. Did you start investing at the around March/April? 2. Why did you start around then? I'm guessing because of the dip (if otherwise, please feel free to answer this). If so, then where did you get the money? (if you didn't have excess money lying around beforehand)

    I wanna see how many started around March/April. Out of curiosity.

    submitted by /u/LivingInsideMyHead1
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    5-10 year blue chip holds...what else should I add?

    Posted: 29 Dec 2020 09:25 AM PST

    I currently have RDS.B, VZ, T, JNJ, VOO, and VTI. I want a cool balance between good dividends, growth potential, and economic downturn resistance. Is there another sector or specific company or two I should add? This will comprise about 2/3 of my portolio, with the rest being fun stuff like TSLA, airlines, AAPL, an ARK fun, and the like.

    submitted by /u/frogger1988
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    ARKW adding more BABA

    Posted: 28 Dec 2020 03:46 PM PST

    https://ibb.co/Y0YhjwQ

    I bought some today and adding more if it dips.

    New partnership with Saudi Telecom

    Alibaba, Saudi Telecom partner on $500M cloud services push in Saudi Arabia Dec. 28, 2020 1:33 PMAlibaba Group Holding Limited (BABA)By: Brandy Betz, SA News Editor Under a new partnership, state-owned Saudi Telecom Company, Alibaba (NYSE:BABA) Cloud, and VC fund eWTP Arabia Capital will provide public cloud services in Saudi Arabia.

    The partnership will involve a $500M investment over five years. Alibaba Cloud will set up a new office in Riyadh to provide services and training.

    The effort is part of Saudi Arabia's Vision 2030 framework, which was released in 2016 and focuses on reducing the dependence on oil through economic diversification.

    Last week, Saudi Aramco and Google Cloud signed an agreement to provide a new data center region and cloud servicesa

    submitted by /u/repagator8
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    Building a core portfolio

    Posted: 29 Dec 2020 01:17 PM PST

    I'm slowly building my portfolio piece by piece and I'm Looking for some advice/opinions/thoughts - Looking to hold long term- A balanced, diversified portfolio - build wealth over time

    Portfolio: 1. VFIAX 2. VTIAX 3. VBTLX 4. VMVAX 5. VSIAX

    submitted by /u/DannZecca
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    What are you guys’ thought on airline stocks - thinking in the direction of Norwegian Airlines and Delta Airlines. Taking into consideration that flights will go back to where around summer 2021?

    Posted: 29 Dec 2020 12:40 PM PST

    this case Norwegian Airlines (NAS & NWARF) since its so low atm, and soon after every1 getting the vaccine in the end of 21 its gonna rise again?

    I know that the Norwegian airline just anounced bankruptcy or something like that. Any thoughts or lookouts in the airline market?

    Thx - and happy new year!

    submitted by /u/MumiEkici
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    Stock Market News for Today | Fubo, GM, Tesla, Ford, Lemonade, Nikola, JP Morgan &other news [12-29]

    Posted: 29 Dec 2020 04:27 AM PST

    Why did FuboTv and Lemonade crash yesterday. JP Morgan goes all-in on travel and Nikola spikes after their report. Let's talk about this and other stock market news

    ~Very Long Post~

    Hello everyone and Good Morning! So, let's start with the recap of yesterday, as we saw the broad stock market SP500 leading the way, up .87%, with the Nasdaq Composite also gaining more than .7% and the Dow Jones rising by more than 200 points to finish the day, with all 3 big indexes finishing broadly higher, with all of them also closing at all-time highs, after the relief BILL lifted many stocks, as this bill does include direct payments and unemployment benefits while also including over $300B that will be direct to the small businesses relief funding programs alongside other good programs, like rent assistance, child care, vaccine distribution and others. But despite this great movement in the stock market, we did see the VIX rising by almost 1%, with most factor groups trading lower yesterday, with only large-cap growth companies gaining, while the biggest losers were in the small and mid-caps, especially the growth companies.

    Yesterday there was almost a 50/50 split in advancing to declining stocks, with 177 new highs on decent volume, as more companies have started to trade below the 50-day SMA, which is a good thing as the trend was worrying with over 84% of companies above that moving average just recently.

    We also saw 9 of the 11 sectors gaining yesterday with communications, consumer discretionary and technology all gaining over 1% for the day while the 2 sectors that lost ground and lagged the market were Energy and Materials.

    Here is the HEAT MAP that confirms those charts, as we can see big gains made in the big tech names with Amazon, Facebook and Google all gaining more than 2% for the day with Netflix and Microsoft also posting a 1% gain. We can also see the biggest losers coming in the Software-Application and Biotech sectors, probably because of tons of profit taking after huge-runups this year, while funds want to show investors that they own the big names, not those very volatile high-flying stocks of 2020, maybe that is one of the reasons for this rotation.

    We also saw the total people through TSA checkpoints in the Christmas weekend rise to over 2.4M people, the busiest since March, but that is still down about 50% since last year. This are better news for the Airlines especially after Trump also finally signed the stimulus bill which does include funds for the Airlines.

    While TrueCar also released some December estimates for auto sales, in which we can see a 4,7% increase year over year and a 32% increase over last month, as the industry is still continuing the rebound since the March lows. This is a good outlook for the industry so expect big OEM to start rising again after a pause in companies like Ford or GM since the end of November. Regarding this subject maybe Tesla can start selling even more cars, this after an Indian minister reported Tesla will start operations in early 2021 in the country.

    Alongside great sales numbers in the auto industry, we also received the Dallas FED manufacturing Survey, which came in better than expected with production, new orders and capacity utilization all having big increases since the last report.

    Today we get some numbers from the Redbook store sales and the SP Home Price Index, while we also await to see what the Republican Senate will do after the House passed the $2000 stimulus proposal, as the leader of the Senate hasn't yet announced anything.

    In some other stock market news, we saw some highly volatile names make moves with Nikola popping after a JP Morgan analyst predicted a less drama filled 2021, I can't imagine what he sees in the company, as they still don't have any new breakthrough technology or really anything to show, just promises after promises. While we also saw FuboTV dropping more than 11% for the 2nd straight day before regaining some of the losses after-hours, this happened after it was called a best short idea at Hedgeye on top of last week short reports, and meanwhile, we also saw Lemonade fall 14% after the lockup period expired after the IPO, adding more than 30M shares to the small public float available until now.

    We also saw JP Morgan acquiring a credit card rewards business; thus, betting travel will come back in the next years. The company will acquire the technology platforms, travel agency, gift card and points businesses from cxLoyalty Group, which is a privately held company. This will be a hit to Expedia, as JP Morgan had been using the credit card rewards program from them, but now will return the use the cxLoyalty platform like they did until 2018, as cxLoyalty has over 3.000 clients and market partners like Citigroup, Capital One and Mastercard and serve more than 70M consumers.

    Let's hope for a good day in the market as both the EU STOCKS and the US FUTURES seem to be pointing at a good open, with all 3 big indexes in the green as the Nasdaq is leading the way, as growth companies are outperforming the value plays in this final month of 2020. As we also saw yesterday Goldman's chief economist lifting the outlook for the Q1 US GDP by 2% and a full year growth increase of .50% to see a GDP growth of 5.8% in 2021, which should be another bullish sign for the stock market.

    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!

    submitted by /u/0toHeroInvesting
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