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    Stocks - GME Megathread for Thursday, February 25th, 2021

    February 25, 2021

    Stocks - GME Megathread for Thursday, February 25th, 2021

    GME Megathread for Thursday, February 25th, 2021

    Posted: 25 Feb 2021 01:26 AM PST

    With the GME price rising significantly again, we will be using this thread to house all GME-related posts, as we expect a large surge in posting related to this stock.

    All GME-related posts elsewhere will be removed.

    For non-related GME posts, please post in the normal MT: https://www.reddit.com/r/stocks/comments/ls3myw/rstocks_daily_discussion_options_trading_thursday

    Have a lovely day!

    submitted by /u/ITried2
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    Indicators Explained For Newbies in Stock Market

    Posted: 25 Feb 2021 12:06 PM PST

    I along with probably many others here are new to the trading world. GME sparked our interest but we know this isn't how the market usually works. With that being said, I've been doing some research on the different features and functions provided in different web applications so I figured I'd share some basic info here to try and help some others.

    Here is a very basic explanation of the different indicators I have got. I guess some of you already have in your charts.

    Macro sentiment - This gives weekly indicators and works best when you have a stock portfolio also if you have option trading. Their risk factor is also improved, through their collective intelligence indicators platform which is an interactive platform between the team and its users where they ask questions about the future trends of the market.
    BOLL (Bollinger) - This finds the position of a security within Bollinger Bands. %B is simply a percentage measure of a security's location between the bands. %B can be lower than 0 or higher than 100 if price moves outside the bands. Generally speaking, a %B near or above 100 can suggest an overbought market, while a value near or below 0 can indicate an oversold market.

    DC (Donchian Channels) - Are used in technical analysis to measure a market's volatility. It is a banded indicator, similar to Bollinger Bands %B. Besides measuring a market's volatility, Donchian Channels are primarily used to identify potential breakouts or overbought/oversold conditions when price reaches either the Upper or Lower Band. These instances would indicate possible trading signals.

    EMA (Exponential Moving Average) - This is a technical chart indicator that tracks the price of an investment (like a stock or commodity) over time. The EMA is a type of weighted moving average (WMA) that gives more weighting or importance to recent price data.

    IC (Ichimoku Cloud) - A collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on the chart. It also uses these figures to compute a "cloud" which attempts to forecast where the price may find support or resistance in the future.

    KC (Keltner Channels) - A banded indicator similar to Bollinger Bands and Moving Average Envelopes. They consist of an Upper Envelope above a Middle Line as well as a Lower Envelope below the Middle Line. The Middle Line is a moving average of price over a user-defined time period. Either a simple moving average or an exponential moving average are typically used. The Upper and Lower Envelopes (user defined) are set a range away from the Middle Line. This can be a multiple of the daily high/low range, or more commonly a multiple of the Average True Range.

    MA (Moving Average) - A simple technical analysis tool that smooths out price data by creating a constantly updated average price. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks or any time period the trader chooses. There are advantages to using a moving average in your trading, as well as options on what type of moving average to use. Moving average strategies are also popular and can be tailored to any time frame, suiting both long-term investors and short-term traders.

    Pivot Point - A technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the intraday high and low, and the closing price from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.

    SAR - The Parabolic SAR is a technical indicator developed by J. Welles Wilder to determine the direction that an asset is moving. The indicator is also referred to as a stop and reverse system, which is abbreviated as SAR. It aims to identify potential reversals in the price movement of traded assets. It can also be used to provide entry and exit points.

    SuperTrend - This indicator works well in a trending market but can give false signals when a market is trading in a range. It uses the ATR (average true range) as part of its calculation which takes into account the volatility of the market. The ATR is adjusted using the multiplier setting which determines how sensitive the indicator is.

    submitted by /u/Espeonaga
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    How to deal with the market bloodbath?

    Posted: 25 Feb 2021 08:13 AM PST

    Hi guys, I'm relatively novice (8 months of investing). I lost around 20% of my entire portfolio value in the past 1.5 weeks, and I'm getting seriously nervous if that keeps going on.

    I know the rule: don't invest what you are not willing to lose, but considering that my portfolio is made of solid stocks and ETF (AAPL, MSFT, TSM, NERD, VWRA and ARKK) I know it will rebound at some point.

    But I have no idea how many more red days are we going to see, and how to deal with this psychologically, as it's super stressful now.

    submitted by /u/Kogorashi
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    GME Gamma Squeeze Part Two?

    Posted: 24 Feb 2021 04:16 PM PST

    Here is what I think happened today.

    Looking at the options chain, 25k $50 call options expiring this Friday were purchased today. Assuming that the delta was .5, that is 1.25 million shares that was bought to gamma hedge. Then the price of the GME stocks started to rise causing a chain reaction in MMs covering.

    If you look at the $60 call options, 23k were purchased and assuming that the delta on that was .5, that's another 1.15 million shares that were purchased to hedge.

    Another 17-18k options were purchased between $51-$59, which means around another million shares were purchased during the run up.

    This is entirely assuming that delta on those were .5. If the Delta was higher = more shares were bought.

    We've had this shit happen before last month.

    So get ready. If this is a gamma squeeze part II, the fall will be just as fast as the moon.

    But I'm just an ordinary dude (not an expert or a specialist in this field). This post is also not financial advice. DYOR.

    TL;DR, ordinary redditor thinks todays run up was triggered by gamma squeeze

    submitted by /u/firecoffee
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    GME short squeeze what comes next part 4

    Posted: 24 Feb 2021 07:44 PM PST

    Warning: This is a very risky play, trade at your own risk

    Hello, All!

    If you are not familiar with this saga, feel free to catch up:

    First Mention

    Short Squeeze Explanation and Initial Thoughts

    Timeline and Predictions

    GME Short Squeeze What Comes Next Part 1

    GME Short Squeeze What Comes Next Part 2

    GME Short Squeeze What Comes Next Part 3

    GME Short Squeeze What Comes Next Part 4 (Micro Update)

    Before I get started I want to apologize, this will be a smaller less detailed version than I had hoped and I will not be releasing a video as I feel extremely under the weather. However, I have received a large volume of messages regarding part 4 and my analysis, so here it is.

    First, let's address something that I find very misleading: "this happened on absolutely no news"

    Well, that simply isn't true. I will mention some key things that led up to this point and would like to also quickly mention the 3-day rule. If ER is bad, you follow the 3 day rule meaning you give it 3 days to bleed before it begins to recover. This is the same for the news cycle. Even the first squeeze when Cohen was announced to be joining the board, it took several days before the market react.

    Ok, so let's talk news.

    1. We have passed the first potential catalyst which was the first GME hearing which unfortunately, was filled with useless information.
    2. Another catalyst I mentioned was today, the short interest report that was post Jan. 28th spike. Morningstar is reporting 60% and Fintel is reporting 24%. Again, the discrepancy between the two is simply based on a calculation difference using a different float. One is including synthetic longs while the other is not. This is the first mention I could find regarding the XRT discovery and how shorts may have actually essentially moved their positions into an ETF that includes GameStop. At this point, there are so many moving parts and distrust, I'm having trouble assessing what the true short interest might be. Regardless, even if we use the 24% figure and respect that to be true, this is still considered very high.
    3. Following iborrowdesk we can also see a significant amount of new short positions opening over the past several days, probably an attempt to short the stock but without it being reported in todays numbers.
    4. Chamath also expressed anger regarding how the Congressional hearing went and followed it up with this tweet. I personally believe Chamath was one of the several large buy orders today.
    5. Ryan Cohen also tweeted one of his infamous emoji tweets. Now, I'm not going to bother to attempt to decipher it, but when he Tweets, GME spikes much like when Elon tweets about Doge, it spikes.
    6. The GameStop CFO "resigns"%20After,his%20roles%20on%20March%2026) which later news indicates he didn't really willingly resign. This is extremely bullish as GameStop continues to make changes. If the company was losing money for years and the man in charge of money was just fired, this is a good thing.
    7. DFV doubled down

    Ok, now let's discuss some of these things

    1. The GameStop hearing was simply a joke. The next hearing will paint a more clear picture regarding data as the SEC, FINRA, and potentially, the DTCC will be present.
    2. Let's talk short interest. As I have mentioned in previous parts, I have no doubt that original shorts have covered and new shorts have entered. A clear battle I have had in the comments is a lot of individuals seem to believe that shorts only re-opened their positions at the top and that's it. I couldn't disagree with this more. The narrative of GME being a dying brick and mortar company is alive and well, and shorts will continue opening positions all the way down. We saw many new positions open today when it was around $50. There are shorts everywhere, and they completely doubt this company and everyones willingness to hold and continue purchasing more, both for retailers and institutions.
    3. Chamath, Cohen, and DFV was a much needed intervention which brought back excitement and truthfully, they probably purchased more shares themselves.

    Sorry had to take a bathroom break, like I said I'm feeling very unwell and apologize that this isn't quite as good as my other posts.

    Let's talk about what happened today

    I believe today was a gamma squeeze with shorts in the worst positions having to cover. I concur with this post regarding the gamma squeeze and how it started the domino effect.

    I predicted that a large sum of shorts were sitting just over $200 and the AH action helps bolster that claim. We saw the price touch $200 for a moment and then get swatted down like it was a gnat. They absolutely do not want it to break the $200 mark.

    But onto the important part, my predictions as to what comes next

    Now, I'm about to say something very silly but the reason is I want you to make your own decision on what the most likely outcome is.

    Tomorrow, either the price will come plummeting down, or it will rise to new, extraordinary heights.

    1. Reason for it to shoot down: There are a lot of bagholders, a lot of individuals who are simply trying to escape with at least their money back. Depending on pre-market, we could expect a large sell off at open as people reclaim their losses. This sell-off will induce a panic sell that causes everyone to exit in an attempt to mitigate as many losses as possible.
    2. Reason for it to shoot up: There are a lot of bagholders...who won't be satisfied by just breaking even and will refuse to exit until it breaks $1000-$2000. Depending on pre-market there will also be a lot of people who missed the first run have less doubt in their mind for a potential second run. FOMO and sheer buying power will continue to drive the price upward.

    Both of these are considering retail investors only, although the ATH price action compared to volume suggests there are significant amounts of institutional and "large whale" buyers getting in on the action. They both are also dependent on pre-market so let's talk about that for a moment.

    Pre-Market

    While institutional buyers don't necessarily need retail for this to work, it certainly wouldn't hurt to have reinforcements, so I think they won't begin a bull run until the market opens and retail investors have a final chance to double down while new investors have a chance to purchase their tickets.

    However, if they seemingly don't care and want to buy as soon as able then we will test that $200 resistance. If that is broken...this is going to be absolutely wild. The domino effect will continue upward chasing the shorts who entered at the very top. It would be wise for these shorts to cover prior to it reaching them as they could still take profits and walk away with a significant sum of money. This will propel the price extremely high at which point nearly all shorts would have exited.

    During Trading Hours

    Again, completely dependent on pre-market, but I still expect a decent sell-off in the beginning of the day as bagholders escape with breaking even happily. If we open above the $200 mark and the selloff does not appear to be driving us below, I expect the shorts who entered their to cover and this reaches parabolic heights.

    Price Targets

    Well, I first want to talk about the infinite squeeze notion. I agree with the sentiment but not for the same reasons most users post about. Here's the thing, everyone still considers GME to be a dying brick and mortar retailer aside from few longs such as myself. That narrative is slowly changing as more and more individuals start to see the significant changes being made within the company. So long as this mentality lives on...so does repetition.

    I expect this squeeze to conclude sometime this week, perhaps even tomorrow. What's unique here is we have all now lived through the first one and we will make decisions accordingly, IE taking profits or covering earlier.

    But on the way back down....shorts will open new positions....again.

    A new catalyst will arrive....again.

    And we will squeeze...again.

    I'm not sure how many times this will happen, but I think after 3/25 ER when Cohen globally explains the changes being made and the plans for the company, the narrative will begin to change on GME's business. Until the narrative changes, I expect shorts to continue re-entering at dangerous positions. $50 sounds like a fantastic place to short if you believe this is a dead company, but the market sentiment is changing rapidly on the potential of this company. Once shorts are only entering at ridiculously high numbers, then we will finally see the end of the GME saga.

    I think a second squeeze will be evidence enough to shorts to not enter at such low numbers, however, greed and doubt goes a long way. So it's very possible this is the final squeeze, but I'm not holding my breath. I will address how I plan on playing this in the next section, but first, some price targets.

    So long as we break the $200 resistance, we will have many short positions above that level that will close to avoid getting caught in the red as well as gamma squeeze mechanics at play. That being said, I could see $500 being possible as early as tomorrow. Now the top is so difficult to predict because one of the largest factors is the most unpredictable; the people. Many people were burned by GME and many others have serious FOMO. If there is large volume, then that will be my indicator that people are piling in all over again. If this is the case, I see $1-$2k being possible. If bagholders simply want to exit and take their money back then I think $500 might be the dream peak.

    So whats your play Hooman?

    Well, as I have said before I am long on GME. So I will be trimming on the way up and leaving some just in case it continues to parabolic heights. I will then re-enter when I believe we hit the bottom which I feel confident starting to re-enter at $70 adding more on the way down. I will then hold tight for another potential squeeze and repeat this process until finally, the GameStop narrative has changed and I could leave my shares along for several years.

    Again, I do apologize

    I know this isn't quite as good as my previous posts, but I wanted to update everyone who was asking me to provide them with my analysis. Part 5 will be coming regardless of what happens tomorrow as I stated numerous times, I don't think this story is anywhere near over, not until April do I think we will start seeing it slow down.

    TL;DR: Today was most likely a gamma squeeze coupled with some shorts covering. There were significant catalysts and whales to propel this thing. I don't think the GameStop story is anywhere near over. I'm sick sorry this was choppy writing compared to other posts.

    Disclaimer: I am not a financial advisor, I am long on GME, this is a risky trade, thanks for reading.

    submitted by /u/hooman_or_whatever
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    Are Meme Stocks Really Responsible for Red Days?

    Posted: 25 Feb 2021 11:09 AM PST

    Seriously, I don't mean to sound ignorant, but I keep seeing people complaining - friends, family members, the media, and people on here all saying that rallies around meme stocks result in the rest of the market taking a dive.

    I know some people then support this by saying Wall Street and retail investors are wary of the market being too volatile as a result, and others say that hedge funds have to sell a lot of their other holdings to cover shorts.

    None of these can actually be the case, though, right? I mean, we were seeing red for the past week and a half with the bond yields and people feeling anxious about Powell's comments. Or am I missing something?

    submitted by /u/chirish_b
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    PSA: Everything will be good in the long term. Keep running the marathon!

    Posted: 25 Feb 2021 01:24 PM PST

    The market has been rough the last few days, especially towards tech. Plenty of people's portfolio's are getting hit hard since their portfolios consist of tech, more or less. I just wanted to encourage people and say that there's no need to be worried. You've done (at least you should have) your DD on your investments and you know why they are good. You know that they are good and will perform well in the long term.

    Short term volatility doesn't matter in the long term. I've heard many successful CEOs like Bezos talk about how he doesn't care about the volatility in the short term. And in my opinion, this is a very important thing to remember during times when there is a lot of short term volatility.

    I think selling is necessary only if something really negative is happening within the company or the sector. If it's just healthy market behaviour, you shouldn't be worried.

    This quote by Benjamin Graham, the author of the Intelligent Investor is really good and should be remembered always.

    "In the short term, the market is voting machnie, but in the long term the market is a weighing machine."

    The people that hold strong companies will be rewarded sooner or later. But it's on your shoulders to stay calm and head towards the future without hesitation.

    If you are gaining wealth slowly with your own solid stocks, you'll have your happy days. It might not be tomorrow or maybe not even in 8 years, but trust me, if you've done research, it'll come.

    Good feelings to everybody. Have a good one!

    submitted by /u/juaggo_
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    Tesla temporarily halts production at Model 3 line in California: Bloomberg News

    Posted: 25 Feb 2021 05:52 AM PST

    https://www.reuters.com/article/us-tesla-production-idUSKBN2AP12J

    Workers on a Model 3 production line in Fremont were told their line would be down from Feb. 22 until March 7, according to the report.

    It was also unclear how much volume or revenue Tesla would lose due to the production halt. The Fremont plant has an annual production capacity of 500,000 Model 3s and Model Ys combined.

    Several automakers, including General Motors Co, Volkswagen AG, and Ford Motor Co, are hit by the shortage of chips, forcing them to scale down production.

    Look like the chips shortage issue are hitting all auto makers. Tesla might lost some revenue but that won't be a major impact. If the stock drop under $700 again, investors could start a position.

    submitted by /u/coolcomfort123
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    Here is a Market Recap for today Thursday, February 25, 2021.

    Posted: 25 Feb 2021 01:45 PM PST

    PsychoMarket Recap - Thursday, February 25, 2021

    Stocks plummeted Thursday as a spike in Treasury yields spooked equity investors. The S&P 500 (SPY) and the Dow Jones (DIA) fell by 2.4% and 1.73% respectively. The tech-heavy Nasdaq fell by 3.5%, recording its worst day since October 2020. In other news, "meme stocks" favored by retail traders in Reddit and other social media users surged once again, with shares of Gamestop (GME) spiking more than 150% in the last two days, reigniting rumors that the short-squeeze is back on. The reasons behind the latest surge or unclear. While we will always support retail traders' right to freely invest in the equities they choose, we recommend a lot of caution if you decide to open a position here.

    US Treasury yields rose to fresh one-year highs, breaking above 1.45% for the first time since February 2020. As a reminder, the Treasury yield represents the return on investment, or the interest, the US government is willing to pay out on their debt obligations, such as bonds. For example, if a person buys a Treasury bond with a 10-year expiration, they are lending the US government money with the expectation of being repaid the face value of the bond, plus some interest (which is the yield). In practice, higher yields make money more expensive to borrow and bonds more attractive, putting pressure on equities, especially high-growth equities like tech stocks that rely on the ability to borrow lots of money.

    During his semiannual testimony on monetary policy this week, Chair of the Federal Reserve Jerome Powell tried to temper fears over higher rates and inflationary pressures. He said, rising Treasury yields are a statement of confidence on the part of markets that we'll have a robust and ultimately complete [economic] recovery." Powell's logic seems to be that higher yields in the 10-year notes are positive because it means investors are willing to bet the US economy will be able to pay them back plus interest when the timeframe of the bond expires.

    Furthermore, Powell reaffirmed that the Federal Reserve was going to maintain its current accommodative policy posturing for the time being, keeping benchmark rates near zero and asset purchases at the current pace of $120 billion per month. He said, "The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved. We will continue to clearly communicate our assessment of progress toward our goals well in advance of any change in the pace of purchases."

    Highlights

    • Shares of Twitter (TWTR) spiked after the company announced plans to introduce a subscription service for content creators and said it looks to double its annual revenue and accelerate user growth over the next few years. One of the only stocks to perform well today.
    • Boeing Co faces a new fine from U.S. regulators as part of an expected settlement with U.S. regulators over quality and safety-oversight lapses going back years. This comes shortly after a Boeing 787's engine caught fire mid-flight. Boeing will also have to inspect and retrofit existing 787 Dreamliners, which could potentially cost the company billions of dollars.
    • Coinbase Global made public on Thursday the prospectus for its much-anticipated initial public offering, setting up the company to possibly launch its IPO in March. Coinbase in the largest cryptocurrency exchange in the US, with more than 43 million verified users last year, up 34% from 32 million users in 2019
    • Target (TGT) is creating enclaves for Apple (AAPL) products at its retail stores that would double the space for the tech company's products in certain Target locations.
    • China's Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said.

    Current stock price is written in the morning and does not include intraday movement. * Booking (BKNG) with two target raises. Stock currently around $2443 * Barclays from $2229 to $2710 at Overweight * Miuzho from $2345 to $2700 at Buy * Elastic (ESTC) with a host of target raises. Consensus price target around $190 with Buy rating. Stock currently around $156 * Fate Therapeutics (FATE) target raised by Mizuho from $88 to $109 at Buy. Stock currently around $95 * Guardant Health (GH) target raised by Cowen from $140 to $190 at Outperform. Stock currently around $162 * L Brands (LB) target raised by Deutsche Bank from $61 to $77 at Buy. Stock currently around $51 * Mattel (MAT) target raised by JP Morgan (JPM) from $22 to $27 at Overweight. Stock currently around $20 * Nvidia (NVDA) with a host of target raises. Consensus price target is $660 at Outperform rating. Stock currently around $580 * PDC Energy (PDCE) target raised by JP Morgan (JPM) from $30 to $47 at Overweight. Stock currently around $33.50 * Arcus Biosciences (RCUS) with two target raises. Stock currently around $35 * Mizuho from $40 to $43 at Buy * Barclays from $40 to $45 at overweight * Revolve Group (RVLV) with two target raises. Stock currently around $37 * KeyCorp from $42 to $47 at Overweight * BTIG Research $41 to $50 at Buy * ViacomCBS (VIAC) target raised by Needham & Co. from $55 to $80 at Buy. Stock currently around $65.60

    "The four most dangerous words in investing are: 'This time it's different." -Sir John Templeton

    (Cannot emphasize how important this is, take a step back and gain a broader perspective. The market moves in cycles, look back to move forward, we have experienced pullbacks like this before)

    submitted by /u/psychotrader00
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    Apple (AAPL) discussion

    Posted: 25 Feb 2021 01:17 PM PST

    What are your thoughts on Apples price movements? The stock is down over 15% from its ATH, after reporting a monster quarter. Are they still overvalued? Or is now the time to "buy the dip"?

    Of course we know nothing - but I am curious to hear sentiment on this stock. CNBC constantly name drops Apple to guests and guests always skip Apple and speak on Alphabet, Fb, or Microsoft.

    Are you waiting to purchase?

    submitted by /u/novapants
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    All I see is RED!

    Posted: 25 Feb 2021 11:19 AM PST

    The hardest thing with investing right now is having seen all the huge gains going on around you, but all you see is red. Nearly everything I own is down today, some by over 2%. It's especially hard if you're working on a margin account, and you see those words above your portfolio HOUSE CALL. It's a volatile day. Keep telling yourself not to panic, and look at stocks you wanted that were high out of your range that may be dipping just enough today.

    submitted by /u/WhiskyEchoTango
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    Roblox DPO March 11

    Posted: 25 Feb 2021 11:56 AM PST

    CORRECTION ITS ON MARCH 10TH

    As we all know they are doing a direct listening meaning exactly at open everyone can buy.

    Meaning price won't be inflated due to banks and Premarket.

    Now as we are all wondering, how do I have my order fill as soon as possible because we all know this thing is going up.

    Market order, limit buy, calling your broker

    What's your strategy?

    Are you going to wait, or are you joining the hell of a day.

    submitted by /u/Sergy3
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    Rocket Companies ($RKT) crushes earnings expectations

    Posted: 25 Feb 2021 02:15 PM PST

    Consensus Expected EPS: $0.87

    Actual Adjusted Diluted EPS: $1.14

    Highlights:

    • 187% YoY adjusted revenue growth

    • 526% YoY adjusted net income growth

    • Q1 2021 expected ~95% increase in closed loan volume over Q1 2020 (which would be about a 5% drop from Q4 2020)

    • New corporate partner in Morgan Stanley. Rocket will be originating exclusive conventional loans for Morgan Stanley clients (Rocket has existing relationships with Charles Schwab, Intuit, and State Farm)

    • $1.11 special dividend to be paid March 23 to shareholders as of March 9

    • On the earnings call, CEO Jay Farner drove home a commitment to revenue diversification by putting more financial resources behind their auto lending and personal lending arms.

    Overall a fantastic quarter/year but I question their ability to continue to grow revenue in a rising interest rate environment and shrinking real estate market. Leadership clearly is aware of the problem and are working on ways to grow but I really don't have a ton of confidence that this will be possible given that the historical growth in these arms has been minimal and throwing more money at the problem isn't necessarily a solution.

    Article: https://finance.yahoo.com/news/rocket-companies-experiences-explosive-growth-210500749.html

    submitted by /u/desquibnt
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    Introducing non-Canadians to SCR (The Score Media and Gaming) (aka TSCRF) - DD post

    Posted: 25 Feb 2021 10:12 AM PST

    The Score Media and Gaming is a Toronto based sports media company. If you are in North America, you are probably aware of The Score's sports app, which is the second most used sports app on the continent, behind only ESPN.

    The Score started as a 24 hour sports broadcaster in Canada way back in 1997 (under the name Headline Sports, before rebranding to The Score). Eventually, they sold their broadcasting assets to Rogers Communications for $167M.

    In their time as a sports network, they had developed Canada's most popular multi-sports app, and they kept their digital assets after the sale of the TV channel, and spun them off into a new company. That company (SCR) traded on the TSX Venture exchange until 2020, and then got uplisted to the TSX.

    I am writing about the company now, because as of probably tomorrow, SCR is being uplisted to the Nasdaq.

    Why Should I Care?

    For years, The Score has been growing it's presence, in the digital space. As of late 2019, The Score had 4.3 million users worldwide, with 62% of them in the US, 27% in Canada and 11% in other international markets.

    Once you have a platform that reaches that many people, the question is: how do you cash in on it? Up until recently, the play had been pure advertising, but the long term play had always been much bigger: Sports Betting.

    The Score decided to enter the sports betting industry as an operator, commencing in the New Jersey market in late 2019. They started with market share of about 0.45% in Q1 2020, and steadily increased that to 1.3% by Q4 of 2020. Management reported an increase of 500% in total handle in September 2020 vs September 2020, with the trend holding in October.

    In the last 6 months, they have launched in three more markets (Colorado, Indiana and Iowa).

    But, none of this is the exciting part...

    Ok, so what's the exciting part?

    While The Score's app is popular in the US, it is omnipresent in it's home market of Canada. The Score is not only the top sports app in Canada, it has about twice the monthly users as the second place sports app (which is TSN...ie. Canada's version of ESPN).

    Single sports betting is still currently illegal in Canada, but Bill C-218 is being fast-tracked to change that. It passed it's second reading on February 17, 2021 with overwhelming support across all major parties. Next in the process is committee stage (which is literally occurring as I write this), then the final reading and royal assent. There is no guarantee on the speed a bill will pass through Parliament, but with all parties supporting it, the bill could become law within weeks.

    Bill C-218 would leave it to individual provinces to regulate, with the elephant in the room being Ontario, which has about 35-40% of Canada's population.

    In November of 2020, the Ford government in Ontario promised legislation which would end the provincial lottery's current monopoly on legal online casino games. Sports gambling is expected to be part of this shift as soon as the feds give the ok. With Michigan legalizing single sports betting, and all the tax money currently being lost to off-share operators (part of the justification for the casino game shift), sports betting in Ontario could be open for private operators as early as this year.

    And, if that happens, SCR becomes an unbelievable play.

    The Score's largest market is it's home market of Ontario. It is based in Toronto. When it was a TV network it's open-window studio at King and John was a local landmark. It is not much of an exaggeration to say that almost every serious sports fan in Ontario already has the Score App on their phone.

    The Score has 1.4M active monthly users in Ontario. For a province with about 14.5M people, that's about 10% of every man, woman and child in the province who uses The Score's app regularly.

    The Ontario sports betting market is estimated to be worth between $1.5B and $2.1B in gross annual revenues.

    The hardest part about growing as a sports betting operator is user acquisition. The Score already has that taken care of. Their target market is already checking sports scores on their app. It's not a big move to get those interested in gambling on those games to also use the same app.

    They have their app already loaded on the phones of most of their target market, and have a brand advantage with a decades-long head start on any American competitors who try to enter the market.

    The Score's revenue over the last 12 months is just over $20M. If we are conservative, and estimate that they achieve a 10% market share in Ontario, that's about 150M to $210M in revenue. Meaning, that Ontario revenues alone could increase the Score's annual revenue by 7.5 to 10.5 times their current levels.

    ...and that's just one Canadian market. The Score is the top sports app across Canada, and will have easy footholds into other Canadian markets once they open, too. They are a local Canadian player who have never skirted the rules by operating offshore, and who have expertise operating in heavily regulated markets since they were a broadcaster. As such, they are a prime candidate for any Canadian government to support through the regulatory process.

    Ontario represents about 35-40% of Canada's population, so the above revenue projections are only the start. Markets in Alberta, BC, Quebec, and other smaller provinces would be significant boons to follow.

    And, of course, as the #2 sports app in the US, The Score is constantly entering new American markets. Iowa just opened in the last couple of weeks. A Score representative just testified before the Ohio Senate Select Committee yesterday. Being publicly listed and regulated on the Nasdaq can only help The Score's push to be regulated in more and more US markets.

    One of the things that any marijuana stock investor has seen over the years is that legalization provides numerous catalysts for stock growth. Rumours of legalization, election of pro-legalization representatives, each step of the legislative process, etc. There are tons of catalysts that we will see as sports betting gets legalized across Canada and the US...and the next catalyst is the Nasdaq uplist tomorrow, which will allow ETF and other institutional investors to buy into the stock. While there isn't official confirmation that the uplist will be tomorrow, whether it is tomorrow or next week, the uplist should be a serious catalyst for the stock, both short and long term.

    With their IPO on the Nasdaq, The Score has secured funding of $162M. So, they are also flush with cash to pursue all the growth opportunities I discussed above.

    ...But there's more

    While sports betting will be the big short term driver of the stock, there is another driver which is probably coming behind it: eSports betting.

    While The Score hasn't announced plans to launch an eSports betting platform, the move seems like a no-brainer.

    The CEO of The Score, John Levy, has his sons work with him at the company. They each work in different areas, and one of them happens to be big into eSports. So, dad let him run with it and build an eSports platform. At the time that I write this, The Score eSports has 1.64M subscribers on YouTube.

    They have recently started using their background in broadcasting, and their platform in eSports, and obtained exclusive English broadcasting rights for the League of Legends Demacia Championship.

    The formula they used with the sports app was: create the platform, acquire the users, then find a way to monetize it (ie. sports betting).

    Once The Score makes their push into sports betting, is there any reason why they wouldn't use the exact same technology, along with their eSports presence, to push into eSports betting?

    It just seems like such an obvious next step which, at the moment, has a very low barrier to entry.

    This is an emerging area, which most of the big sports betting players don't currently participate in, but is one that could see major growth in future years (especially as the comparably young demographics of eSports players get old enough to legally bet). With an existing eSports platform to leverage, and a sports betting platform already operating, The Score are positioned very well to take advantage of this future growth driver, when the time is right.

    Conclusion

    In recent years, we have seen a ton of retail investors enter the market. A lot of them have their main investments with a broker, while they use their investment "fun money" to day trade. The companies that you are seeing inflate to wild valuations right now are companies that engage in "fun" highly visible industries which appeal to those retail investors.

    With that context: Oh, what a time to be a business with huge growth prospects in sports betting and esports!

    As Canadian legalization has come closer, The Score saw a run-up in it's value up to a high of $5.67/share. Over the last week, they executed a 10:1 reverse share split, in order to facilitate their Nasdaq entry. Between that, profit taking, the announcement of the IPO share sales, and a couple of generally bad market days, the stock's value has dropped down to about $35.70/share (equivalent of $3.61 if compared to pre-reverse split prices). That value is in Canadian dollars, so the equivalent of about 28.42 in USD.

    With all that now priced into the stock, this looks like the perfect time to get in. As of tomorrow (probably), when the Nasdaq listing goes up, US institutional investors and ETF's will be able to get in on the stock. Once further catalysts hit, for legalization and opening, The Score has a chance to soar in value.

    Disclaimer: I am not an investment advisor. This is not investment advice. This is for entertainment purposes only. Do your own due diligence.

    Disclosure: I currently own 800 shares of The Score, with 500 of those shares being added this week, and I may increase my position further in the coming days.

    Edit: SCR actually has gone live, and is now trading on the Nasdaq.

    submitted by /u/LemmingPractice
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    Fed Chair Powell: "More Than Three Years" - Let The Bull Market Continue

    Posted: 24 Feb 2021 07:39 PM PST

    https://www.reuters.com/article/us-usa-fed-powell/powell-says-may-take-more-than-three-years-to-hit-feds-inflation-goal-idUSKBN2AO254?il=0

    Fed Chair Powell stated that "we believe we can do it, we believe we will do it. It may take more than three years."

    Now, I of all people was expecting that the Fed would raise rates in 2023. Based on his words, however, the Fed may defer that raise to 2024.

    So, let the bull market continue. Don't party like it's 1999, folks.

    Party like it's 1997!

    [With appropriate stock market corrections here and there, of course.]

    submitted by /u/Torlek1
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    Treasury Yield at 1.48(?) and why that's important?

    Posted: 25 Feb 2021 08:05 AM PST

    So, I'm new to this like most people, right? Got in at December, I've had insane growths through luck but I have an abhorrent lack of fundamentals.

    Just recently saw this thing about the treasury yield and why it's high, how that's important, and how that can influence the market and I don't think I"m able to relate everything.

    So, what I've gotten is that the yield will rise when inflation or recovery occurs.

    In today's situation, inflation and recovery are both on the table which is why it's being driven up so high atm.

    I don't understand why that's negative for the stock market and growth stocks in particular.

    Wouldn't it be better to invest in stocks when there's inflation and wouldn't it be better for stocks if there was a higher rate of economic recovery?

    submitted by /u/The_Start_Line
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    Why is afterhours trading even a thing?

    Posted: 24 Feb 2021 09:31 PM PST

    Hey, i'm new to the investing life and I just keep wondering why afterhours trading even is a thing? Most regular investors doesn't have the ability to trade after hours so we just sit there and watch the stock go up or down and powerless to do literally anything at all while institutions and rich people are allowed to trade freely?

    How come it works like this?

    Edit: I see that you can get access to after hours trading, but again - why is that even a thing? Why not restrict the trading between 08-16 or just allow everyone to purchase/sell during after hours? I live in Sweden so I invest through something called an "Investeringssparkonto" which you tax like 0,375% on the total value of the account and instead of 30% of the profits and we can't trade during AH with those accounts.

    submitted by /u/pm_me_you_in_latex
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    Starlink in the future

    Posted: 25 Feb 2021 12:55 PM PST

    With Elon Musk and his current influence on almost everything, how many are looking at investing in his Starlink project (he's stated that it's likely to become public in the years to come). Whilst it's still early on do you reckon it'll be as successful as his other ventures?

    submitted by /u/Conor1203
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    AMD’s price pattern...

    Posted: 25 Feb 2021 11:00 AM PST

    AMD is at 82$ right now! AMD is a very solid company that makes semiconductors (which are in HIGH demand right now). If you look at AMD's hourly chart, it is clear to see that its price is moving sinusoidally around the 100SMA and the price is at a low point right now. What do you think a good exit price would be?

    submitted by /u/HighSocksWithSandals
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    Why are the meme stocks surging up again?

    Posted: 24 Feb 2021 02:22 PM PST

    The usual meme stocks are rocketing up in the last half hour of trading today, continuing well into after hours. Unless I missed something, there wasn't any news or change in fundamentals that would explain this?

    submitted by /u/onchonch
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    r/Stocks Daily Discussion & Options Trading Thursday - Feb 25, 2021

    Posted: 25 Feb 2021 02:30 AM PST

    This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme and/or post your arguments against options here and not in the current post.

    Some helpful day to day links, including news:

    Required info to start understanding options:

    • Call option Investopedia video basically a call option allows you to buy 100 shares of a stock at a certain price (strike price), but without the obligation to buy
    • Put option Investopedia video a put option allows you to sell 100 shares of a stock at a certain price (strike price), but without the obligation to sell

    See the following word cloud and click through for the wiki:

    Call option - Put option - Exercising an option - Strike price - ITM - OTM - ATM - Long options - Short options - Combo - Debit - Credit or Premium - Covered call - Naked - Debit call spread - Credit call spread - Strangle - Iron condor - Vertical debit spreads - Iron Fly

    If you have a basic question, for example "what is delta," then google "investopedia delta" 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.

    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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    This cant be legal right? Etoro closed position below market. Advice requested

    Posted: 25 Feb 2021 04:16 AM PST

    On Tuesday as the market dipped, I took a leveraged CFD position in an index on Etoro, watched it climb to a profit, but as I prepared to sell, Etoro had a technical issue which kept me signed out for give or take an hour.

    When it allowed me back into my account the trade was at a big loss, far below my stop loss. This was obviously worrying as the downside risk of my trade had increased a lot; but I still had faith in my decision and watched it climb back into a profit, before I had the chance to sell, Etoro had MORE technical issues, this time locking me out for the entire evening/morning.

    When It allowed me back in my trade had been closed just hours before, when the market was well above my stop-loss level. I started emailing Etoro for help and they claim to have retroactively closed my position for the price that the stop-loss would have activated.

    Key points:

    1. The same technical issue that stopped me from selling in a profit, stopped their stop-loss from closing my trade
    2. They closed my trade without my consent, and I did not receive even close to market value at the time of my trade being closed
    3. If we are able to retroactively pick a point on a chart where I should have sold, but didn't due to ETOROs technical issue why at the point of maximum loss and not maximum gain (or at least where I tried and was signed out)?

    I have tried to contact Etoro support, but they sent one canned response saying what they did, and have stopped answering.

    I understand I entered a risky position, I am ok with the risk of losing due to the market, but it seems like Etoro made it impossible for me to do anything but lose the maximum amount here.

    I am using Australian Etoro if it makes a difference.

    Where can I go from here? Any advice?

    submitted by /u/tnucracso
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    Curious About After Hours

    Posted: 25 Feb 2021 02:01 PM PST

    I'm still learning about stocks and have been reading a little on after hours trading. I was curious how you all monitor it and what you can take from it. Is it always an indication of how a stock will open when the markets open? What's your favorite tool to watch these?

    submitted by /u/trennsport
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    Am I late to the semiconductor shortage play?

    Posted: 25 Feb 2021 09:16 AM PST

    I keep hearing about the shortage of semiconductors on this sub as well other news articles. I have a feeling that since this is already being talked about so much, I've missed the train. Is it worth getting into stocks like TSM, ON, Samsung at this point?

    I really like TSM but I'm not sure if any of TSM or the other companies will be able to ramp up production significantly to get more revenues than they already are? Are there any companies that might be able to jump in and get some market share from big names like TSM in this shortage? Or do you see TSM growing a lot this year too? What are your thoughts?

    I want a start a long position, but just unsure of what company i should root for, it at all i should make this play. Thanks heaps for all the advice :)

    submitted by /u/stocky_stockinder
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    (2/25) Thursday's Pre-Market Stock Movers & News

    Posted: 25 Feb 2021 05:29 AM PST

    Good morning traders and investors of the r/stocks sub! Welcome to Thursday! Here are your pre-market stock movers & news on this Thursday, February 25th, 2021-

    5 things to know before the stock market opens Thursday

    1. Stocks set for mixed open after another major comeback

    • Dow futures hold on to slim gains Thursday, one day after the 30-stock average wiped out a 110-point loss and climbed 424 points, or 1.4%, to a record closing high. S&P and Nasdaq futures dropped in the premarket. The tech-heavy Nasdaq on Wednesday erased a 1.3% drop and closed 1% higher. The S&P 500 finished 1.1% higher after recovering from a 0.6% decline. Two days of reassuring words on interest rates and inflation from Federal Reserve Chairman Jerome Powell helped push stocks higher and tempered bond yield gains Wednesday. The 10-year Treasury yield on Thursday rose to 1.45%, around the highest levels in a year. B/itcoin rose 2% early Thursday, back above $50,000.

    2. Jobless, GDP, durable goods data all out before the bell

    • The government is set to release weekly jobless claims, revised fourth quarter gross domestic product and January durable goods orders at 8:30 a.m. ET. Economists expect a drop in new filings for unemployment benefits to 845,000. GDP in Q4 is seen rising slightly from the initial estimate to a 4.2% annual growth rate. Forecasts call for a 1% rise in durable goods orders last month, double December's increase.

    3. GameStop shares surge again as Reddit favorites rally again

    • GameStop climbed more than 70% in Thursday's premarket trading as heavily-shorted stocks favored by Reddit traders surged again. Shares of the video game retailer doubled Wednesday to nearly $92 each after Chief Financial Officer Jim Bell resigned. The GameStop frenzy last month sent shares skyrocketing, causing a short-squeeze on a number of Wall Street hedge funds. GameStop traded below $20 per share in early January, before soaring to an intraday high of $483 on Jan. 28, a surge of more than 2,300%. The stock crashed below $50 by mid-February before Wednesday's spike higher.

    4. Pfizer, Moderna work on shots against strain first discovered in South Africa

    • Pfizer and BioNTech said on Thursday they're testing a third dose of their Covid-19 vaccine to better understand the immune response against new variants of the coronavirus. They are also in talks with regulatory authorities about testing a vaccine modified to protect specifically against the new variant originally found in South Africa.

    • Moderna has shipped to the National Institutes of Health doses of a new Covid-19 vaccine designed to provide better protection against the variant spreading in South Africa. The new vaccine is ready to be tested in an early stage clinical trial to determine if it can be used as a booster shot against the highly transmissible strain.

    5. GOP rallies against Democrats' Covid relief package

    • Republicans rallied solidly against Democrats' proposed $1.9 trillion Covid relief bill as lawmakers awaited a decision by the Senate's parliamentarian that could bolster or potentially kill a pivotal provision hiking the federal minimum wage. Despite narrow majorities on Capitol Hill, Democratic leaders were poised to push the sweeping package through the House on Friday. They were hoping the Senate, where changes seem likely, would follow quickly enough to have legislation on President Joe Biden's desk by mid-March.

    STOCK FUTURES CURRENTLY:

    (CLICK HERE FOR STOCK FUTURES CHARTS!)

    YESTERDAY'S MARKET MAP:

    (CLICK HERE FOR YESTERDAY'S MARKET MAP!)

    TODAY'S MARKET MAP:

    (CLICK HERE FOR TODAY'S MARKET MAP!)

    YESTERDAY'S S&P SECTORS:

    (CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

    TODAY'S S&P SECTORS:

    (CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

    TODAY'S ECONOMIC CALENDAR:

    (CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

    THIS WEEK'S ECONOMIC CALENDAR:

    (CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

    THIS WEEK'S UPCOMING IPO'S:

    (CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

    THIS WEEK'S EARNINGS CALENDAR:

    (CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    (CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

    EARNINGS RELEASES BEFORE THE OPEN TODAY:

    (CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #1!)
    (CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)
    (CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #3!)

    EARNINGS RELEASES AFTER THE CLOSE TODAY:

    (CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!)
    (CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
    (CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)

    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)

    YESTERDAY'S INSIDER TRADING FILINGS:

    (CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)

    TODAY'S DIVIDEND CALENDAR:

    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR #1!)
    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR #2!)
    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR #3!)
    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR #4!)

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    GameStop (GME) – GameStop remains on watch after another Reddit-fueled surge Wednesday in the video game retailer's shares, as well as other so-called "Reddit stocks" like BlackBerry (BB), AMC Entertainment (AMC) and K/oss Corp. (K/OSS). GameStop surged 55.8% premarket, while AMC rose 12.9%, BlackBerry gained 4.3% and K/oss soared 81.3%.

    STOCK SYMBOL: GME

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Best Buy (BBY) – The electronics retailer's shares fell 5.3% in premarket trading after its revenue and comparable-store sales missed Wall Street forecasts for the holiday quarter as pandemic fueled demand for electronics lessened. Best Buy's quarterly earnings of $3.48 per share beat estimates by 3 cents a share, however.

    STOCK SYMBOL: BBY

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Moderna (MRNA) – The drugmaker's shares rose 2.9% in premarket action as its quarterly revenue vastly exceeded estimates and it forecast $18.4 billion in Covid-19 vaccine sales this year. Moderna did, however, report a quarterly loss of 69 cents per share, wider than the 35 cents a share loss that analysts were anticipating.

    STOCK SYMBOL: MRNA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Wayfair (W) – The furniture and home goods seller earned $1.24 per share for its latest quarter, above the consensus estimate of 86 cents a share. Revenue was slightly below Wall Street forecasts, as were the number of orders and the shares fell 9% premarket.

    STOCK SYMBOL: W

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Norwegian Cruise Line (NCLH) – The cruise line operator's shares rose 1.9% in the premarket after quarterly revenue came in well above estimates, despite the Covid-19 related shutdown of cruises. Its loss of $2.33 per share for its latest quarter was slightly wider than the consensus estimate of a $2.17 per share loss.

    STOCK SYMBOL: NCLH

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Anheuser-Busch InBev (BUD) – Anheuser-Busch reported better-than-expected profit and revenue for the fourth quarter. The company also forecast higher earnings for 2021, however the beer brewer said its profit margins would be hurt by higher commodity costs. Its shares fell 5.3% in premarket trading.

    STOCK SYMBOL: BUD

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    ViacomCBS (VIAC) – ViacomCBS came in 2 cents a share ahead of estimates, with quarterly profit of $1.04 per share. Revenue essentially was in line with Wall Street forecasts. The company also said it had 30 million streaming subscribers, ahead of its planned March 4 launch of Paramount+ service that will replace the current CBS All Access service. Its shares dropped 2.8% in premarket action.

    STOCK SYMBOL: VIAC

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Teladoc Health (TDOC) – Teladoc dropped 6.5% in premarket trading after it reported a loss of 27 cents per share for its latest quarter, 3 cents a share wider than Wall Street had expected. The provider of video medical visits' revenue came in above estimates.

    STOCK SYMBOL: TDOC

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Nvidia (NVDA) – Nvidia reported quarterly earnings of $3.10 per share, compared to a $2.81 a share consensus estimate. The company best known for its gaming chips saw revenue beat estimates as well. Nvidia also predicted strong revenue for the current quarter, but the shares were down 2.6% in premarket action.

    STOCK SYMBOL: NVDA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Fisker (FSR) – Fisker struck a deal with contract manufacturer Foxconn Technology to assemble cars for the electric vehicle startup. The agreement calls for the companies to jointly produce more than 250,000 vehicles annually. Shares fell 1% premarket.

    STOCK SYMBOL: FSR

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Pfizer (PFE) – The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) works equally well across all age groups, according to an Israeli study. It provided 94% protection against developing coronavirus symptoms a week after the second dose of the vaccine, and 92% effective in preventing severe disease.

    STOCK SYMBOL: PFE

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Verizon (VZ) – Verizon was the top bidder in a government auction of 5G airwaves, spending $45.5 billion, while AT&T (T) bid $23.4 billion and T-Mobile US (TMUS) bid $9.3 billion.

    STOCK SYMBOL: VZ

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Pure Storage (PSTG) – Pure Storage came in 4 cents a share ahead of estimates, with quarterly profit of 13 cents per share. The provider of business memory storage systems also saw revenue beat Wall Street forecasts. Pure Storage gave a mixed forecast, but it was the first time it gave any forward guidance since the pandemic began. Shares gained 2.5% in the premarket.

    STOCK SYMBOL: PSTG

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    L Brands (LB) – L Brands earned $3.30 per share for its latest quarter, 12 cents a share above estimates. The Victoria's Secret parent's revenue came in short of forecasts. L Brands, which also owns the Bath & Body Works chain, gave strong current-quarter earnings guidance. L Brands was up 2.7% in the premarket.

    STOCK SYMBOL: LB

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    DISCUSS!

    What's on everyone's radar for today's trading day ahead here at r/stocks?

    I hope you all have an excellent trading day ahead today on this Thursday, February 25th, 2021! :)

    submitted by /u/bigbear0083
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    How Often Do You Sell and Then Rebuy at Lower Costs?

    Posted: 25 Feb 2021 02:12 PM PST

    I'm a new trader and I think I have a very "hold til profit" mentality. So when it's gotten red these past few weeks, I've mostly held and tried to buy lower (although, like many other new traders, I used up much of my "buy lower" money on the first dip day. Who knew dips lasted for weeks!)

    But I was wondering, in light of this, how many of you might sell (even at a loss) initially and then buy back in at a lower price point if you think things are headed south for a bit. Obviously, it's hard to predict where costs go and there's risk in missing rallies but I was wondering how common a practice it is.

    submitted by /u/HonestlyDontKnow24
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