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    Thursday, April 1, 2021

    Stocks - r/Stocks Daily Thread on Meme Stocks Thursday - Apr 01, 2021

    Stocks - r/Stocks Daily Thread on Meme Stocks Thursday - Apr 01, 2021


    r/Stocks Daily Thread on Meme Stocks Thursday - Apr 01, 2021

    Posted:

    The familiar "Rate My Portfolio" sticky can be found here.


    Welcome traders who just can't help them selves discuss the same exact stock that's been discussed 100s of times a day. I get it, you want to talk about what's popular, what's hot, and that 1.. single.. stock you like.. well here you go! Some helpful links just for you:

    An important message from our mod u/TCGYT regarding meme stocks.

    Lastly if you need professional help:
    * Problem Gambling: Call/Text: 1-800-522-4700 or chat online now.
    * Crisis Hotline (24/7): 1-800-273-TALK (8255) (Veterans, press 1) or Text "HOME" to 741-741

    submitted by /u/AutoModerator
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    r/Stocks Daily Discussion & Options Trading Thursday - Apr 01, 2021

    Posted:

    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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    I tried to predict the stock market every day in March. Here's how it went - and what I learned.

    Posted:

    Every single day this month, I tried to do the one thing that everybody says you shouldn't try to do. I tried predict the exact daily movements of the stock market -- specifically, the daily direction, high, and low of the NASDAQ -- and posted my best guess in the daily discussion forum.

    I had to pay incredibly close attention to the stock market every day to do it. Every single morning, I did technical and market analysis to try to keep from publicly embarrassing myself. I learned more about the stock market this month than I have in my entire time trading.

    To celebrate one month of predictions, I wanted to take a look back at the month of March and share some of the things I've learned.

    Here's the first one:

    I can't predict the stock market.

    Damn it. I really thought I'd be able to do it.

    You can see my full scorecard here, but it isn't really anything to brag about. Here's how I did:

    • Direction: 65% correct
    • Daily high: Median error of 0.26%
    • Daily low: Median error of 0.36%

    I was always more interested in the highs and lows than the direction, but damn is 65% ever a bad score. I've looked into it -- if I'd just predicted whatever the premarket said, I would've been right 74% of the time.

    Part of the problem was this:

    When J. Powell talks, there's a 66% chance the market will tank.

    When J. Powell talked, my prediction was wrong more often than it was right -- and usually by a lot. On average, my prediction for the daily low was off by 1.37% whenever he spoke.

    I wanted to look into that, so I tested out some of the big narratives we heard this month

    Click here to see that research visualized.

    J. Powell used to be able to pump the market -- but since 2020, I learned, the market has turned red on 66% of the days that he has either made a speech or a public testimony, with the market closing, on average, down 1.24%.

    The NASDAQ is often a better predictor of a stock's price than the company itself.

    I've seen a lot of posts here lately saying: "Why is everybody talking about indexes? Isn't this supposed to be a stock forum?"

    One thing this month affirmed for me is that, if you want to know what AAPL or MSFT are going to do today, you have to look at the market itself first.

    AAPL, MSFT, GOOG, and AMZN were all extremely correlated with the NASDAQ this month, to the point that, statistically speaking, it can be said that 81% of the variations in Apple's price this month can be explained by changes in the NASDAQ.

    I saw a lot of people in the daily discussion asking: "Why is AAPL tanking? What new is there?" But -- unless there actually is company news -- that's often the wrong question to ask.

    The market isn't always affected by what CNBC says...

    One of the biggest stories we heard this month was about the "bond yield". The 10-year bond yield went up today, CNBC would report, and so the NASDAQ was sure to tank.

    It never really made sense to a lot of investors -- so I looked into whether that story held up.

    I'll let you draw your own conclusions, but here's what I can say for sure:

    • There was no statistically significant correlation between the 10-year bond yield and the NASDAQ's price in March
    • If there were one, it would be a positive correlation. When the bond yield went up, it was more likely that the NASDAQ would go up with it than down.
    • There was more of a correlation on days when the bond yield reached a new 12-month high -- but only if the new yield was heavily reported. If it went unmentioned, the NASDAQ went up.
    • The days when the bond yield did significantly go up and the NASDAQ did significantly go down were all days when J. Powell gave a speech

    ... but sometimes it is.

    That doesn't mean everything CNBC said was a lie this year.

    Another huge story this month was the rotation out of tech into value stocks -- and then, at the end of the month, the rotation back.

    This story totally holds up. If you plot a tech stock like AAPL's price against JP Morgan's (which I've done for you here), you'll see that, 61% of the time, these stocks went in the exact opposite direction.

    People really were rotating out of tech and into value -- and they really are starting to come back.

    I still think the stock market can be predicted

    When I started doing this, I got a lot of hate from people who said that only an idiot would try to predict the market. But after a while, those hate messages stopped -- and, instead, people started sending me hate messages saying that they could predict the market better than I can.

    They probably can. I didn't do as well as I'd like this month, but, when I was right, I knew why I was right. And when I was wrong, I knew why I was wrong -- and had a pretty good idea of how to do better next time.

    Everything is not priced-in, I've learned this month. Take Biden's speech last night. The market didn't even budge while he was talking. Sure, we were in afterhours, but even Robinhood users were allowed to invest -- and his plan had been laid out weeks in advance. But the Wall Street traders were off work, so the market didn't budge until the morning -- when it absolutely mooned.

    If you pay close enough attention, you can get ahead of Wall Street. I'm increasingly convinced of that, and I believe that my predictions will get better as time goes on.

    You can see today's prediction here.

    submitted by /u/wsb_shitposting
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    The S&P 500 jumps above 4000 points for the first time in history.

    Posted:

    This is a historic milestone for the S&P 500 and the stock market. The index has gained over 1500 points over the last year and I believe that we can continue to go up in the long term as well. Maybe not with this insane pace, but steadily.

    Like Buffet has said: "Never bet against America." This has been seen over the decades and would be quite confident that this will continue despite some uncertainties that come along the way.

    Edit: Added a few of my own thoughts.

    submitted by /u/juaggo_
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    Here is a Market Recap for today Thursday, April 1, 2021

    Posted:

    PsychoMarket Recap - Thursday, April 1, 2021

    Stocks rose today, extending gains in another record-setting session. The S&P 500 (SPY) closed above $400 for the first time ever, starting the new quarter with a bang after President Biden announced a new $2 trillion infrastructure proposal.

    Today marks the first session of Quarter 2, hopefully putting to rest the volatility that dominated the market last quarter. Historically, the month of April has been good for equity markets, with the SPY gaining an average of 1.51% since 1980.

    Heading into Q2, we expect cyclical, energy, financial, and reopening stocks, whose performance is strongly tethered to the health of the broader economy, to continue driving the market higher. The last quarter saw the rotation out of tech and growth stocks as the US economy continues to gradually reopen due to the increased pace in vaccinations. Kristina Hooper, chief global market strategist at Invesco agrees, saying " I think we're going to see more of the same in terms of market leadership. This is an environment in which the economy is likely to accelerate. And I think that means that we'll see continued outperformance of areas like energy, like financials, like consumer discretionary, material, industrials — those areas of the stock market that are most sensitive to the economy."

    On Wednesday, President Biden introduced a new proposal called American Jobs Plan. The proposal includes roughly $2 trillion to help rehabilitate and build out the country's infrastructure, address the crisis around climate change and curb economic inequality. The plan includes spending to repair aging roads and bridges, jump-start transit projects, and rebuild school buildings and hospitals. It would also expand electric vehicles, replace all lead pipes and overhaul the nation's water systems. To pay for the proposal, Biden will propose raising the corporate tax rate to 28% from 21% for 15 years and implementing other policies to disincentivize offshoring. View a complete breakdown of the bill here.

    Looking ahead, the March jobs report is set to be released Friday. The report is estimated to show the economy created a whopping 630,00 jobs in March — the most since October 2019 before the coronavirus pandemic. As a reminder, US exchanges will be closed tomorrow in observance of Good Friday.

    Highlights

    • The Department of Labor released the weekly unemployment report
      • Initial jobless claims: 719,000 vs. 675,000 expected and a revised 658,000 during the prior week
      • Continuing claims: 3.794 million vs. 3.750 million expected and 3.870 million during the prior week
    • The Institute for Supply Management's March purchasing managers' index rose to 64.7 for the highest print in nearly four decades. This came in well above consensus estimates for a rise to 61.5 in March from February's 60.8. Readings above the neutral level of 50 indicate expansion in a sector.
    • A lot of clean energy stocks, that have been beaten down recently, rallied on the back of Biden's proposal.
    • United Airlines is planning to restart the pilot hiring process it halted last year as the airline gears up to meet rising travel demand, the company told pilots in a memo viewed by The Wall Street Journal.
    • NIO stock gapped up 8% in the morning before falling due to better-than-expected delivery numbers. NIO delivered 7,257 vehicles in March 2021, increasing by 373% year-over-year and 20,060 vehicles in Q1, increasing by 423% year-over-year
    • Elon Musk has been nominated to join the board at Endeavor as the company looks to IPO. Company works in the entertainment industry and recently bought the UFC.
    • **Please note that current stock price was written in the morning and does not reflect intraday movement
    • Alliance Data Systems (ADS) target raised by Morgan Stanley from $105 to $150. Stock currently around $112
    • American Express (AXP) target raised by Morgan Stanley from $165 to $166 at Overweight. Stock currently around $141
    • Capital One (COF) target raised by Morgan Stanley from $144 to $150 at Overweight. Stock currently around $127
    • DOMO target raised by Morgan Stanley from $76 to $83 at Overweight. Stock currently around $56
    • Darden Restaurants (DRI) with three target raises. Stock currently around $142
      • UBS Group from $160 to $165
      • Credit Suisse from $140 to $160
      • KeyCorp from $130 to $165
    • HESS target raised by Piper Sandler from $69 to $86 at Overweight. Stock currently around $70
    • Morgan Stanley (MS) target raised by UBS Group from $84 to $92 at Outperform
    • Micron Technology (MU)with a host of target raises. Consensus price target of $117.50 at Buy. Stock currently around $88
    • Oshkosh (OSK) target raised by KeyCorp from $125 to $133 at Overweight. Stock currently around $119
    • PVH target raised by UBS Group from $132 to $141 at Buy. Stock currently around $106
    • Regeneron Pharma (REGN) target raised by SVB Leerink from $655 to $657 at Outperform. Stock currently around $473
    • Restoration Hardware (RH) target raised by Barclays from $562 to $675 at Overweight. Stock currently around $597
    • Western Digital (WDC) target raised by Benchmark from $66 to $75 at Buy. Stock currently around $67

    "To bear trials with a calm mind robs misfortune of its strength and burden." —Seneca

    submitted by /u/psychotrader00
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    Nio Report Big Gains In First-quarter Deliveries

    Posted:

    Nio sprang in a surprise for its investors on April Fools' day by reporting deliveries that exceeded the tempered forecast the EV maker issued last week.

    Nio delivered 7,257 cars for the month of March, the Chinese EV start-up said in a statement released Thursday. This represented a record monthly total and a 373% increase year-over-year.

    The break-up of the monthly total is as follows: 1,529 ES8s, 3,152 ES6s, both of which are all-electric SUVs, and 2,576 EC6 premium smart electric coupe SUVs.

    The quarterly number was at a record 20,060 vehicles, up 423% from the first quarter of 2020.

    Nio has outperformed its domestic rival XPeng Inc. (NYSE: XPEV), which reported earlier Thursday monthly deliveries that could not beat its January total.

    https://m.benzinga.com/article/20440474

    submitted by /u/gorays21
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    U.S. Market Recap - Thursday, April 1, 2021

    Posted:

    Dow +0.52%, S&P 500 +1.18%, Nasdaq +1.76%, Russell 2000 +1.50%

    • Synopsis
      • US equities were higher in Thursday trading, finishing near best levels. Major indices all posted gains in the holiday-shortened week as S&P 500 and Dow finished at record closes. Energy led the market on stronger crude. Tech, communication services beat the tape (FANMAG complex broadly higher). Consumer staples, healthcare, utilities the only sectors lower. Treasuries mostly firmer with some notable strength at the long end of the curve. Dollar weaker on the major crosses. Gold finished up 0.7%. WTI crude settled up 3.9% despite OPEC and its allies agreeing increase output by ~2M bpd through July.
      • Infrastructure continued to dominate the headlines with a lot of moving pieces after White House detailed plans to spend $2.25T+ over next eight years. Fiscal stimulus still a key piece of the bullish narrative for stocks though plans for another big spending also fit with pickup in concerns about inflation/economic overheating. Higher taxes another potential headwind for risk sentiment. Also some focus on how difficult it will be to get infrastructure stimulus passed given the lack of Republican support, competing preferences among Democrats and their razor-thin majorities in both the House and Senate.
      • Busy on the data front ahead of nonfarm payrolls tomorrow. ISM manufacturing gauge surged in March with new orders strong, though growing backlogs and supplier delivery times reinforcing broader themes of supply chain pressures and rising input costs. Press has been picking up this theme, noting some consumer-products firms raising prices. Elsewhere, weekly US initial jobless claims missed, seeing a larger-than-expected uptick. On the global front, US-China tensions another area of focus with more concerns about Chinese incursions into Taiwan.
      • TSM to spend $100B on capex over next three years. MU beat and guided above with focus on favorable DRAM dynamics. Company and WDC both exploring an acquisition of Japan's Kioxia for approx. $30B. KMX comp sales weaker than expected, though March sales commentary upbeat. F announced more shutdowns due to semi shortages. QS up big after meeting technical milestone for additional $100M investment from Volkswagen. CCK in talks to sell its cans unit for more than $2B. ANGI acquired additional 20% interest in its MyBuilder business. WING comps better. EBS lab errors resulted in 15M ruined JNJ vaccine doses (but not expected to impact US supply targets). PLAY beat and guidance ahead on better reopening pace but stock already a big ytd gainer. GES EPS well ahead of consensus and guidance better with digital a bright spot.

    • Digest
      • Most sectors higher with growth ahead of value:
        • Growth generally led cyclical/value on first day of Q2. Energy the standout, following WTI higher with E&Ps particularly strong. Tech a big gainer with help from semis and software (MSFT also had a good day). Internets and entertainment the leaders in communication services. Financials ahead on upside across credit cards and insurance, while banks mostly brushed off Treasury yields move lower down today. Consumer discretionary trailed with some weakness among retailers offsetting support from AMZN and homebuilders. Materials saw some drag from industrial metals, with steel the weak spot. Industrials a bit of an underperformer with select machinery and multis down. Healthcare mixed with some weakness in managed care, distributors, and large-cap pharma (JNJ). Consumer staples worst performer with HPCs, tobacco, and grocers some of the weights.
      • ISM Manufacturing highest in over 37 years, initial jobless claims and continuing claims miss:
        • March ISM Manufacturing PMI up 3.9 points m/m to 64.7, ahead of 61.5 estimate, for highest print since Dec-1983. New Orders, production indexes highest since Jan-04, employment index highest since Feb-18. Supplier deliveries continued to slow, up to highest reading since Apr-1974. Prices also elevated, holding near highest since Jul-08. Initial jobless claims of 719K were up 61K w/w, and missed consensus estimates for 690K. However, prior week revised down 26K to 658K from 684K, which was lowest since the pandemic surge in claims began in Mar-20. Continuing claims fell to 3.794M from 3.870M, though also missed estimates for 3.775M. While this week's claims will not flow through to tomorrow's March jobs report (2-Apr, 8:30 ET), labor market data in focus given reopening and vaccine-driven economic momentum. March nonfarm payrolls expected to increase by 285K m/m to 614K, which would be the highest since Oct-20.
      • OPEC+ agrees to gradual output increases of 1M bpd over the coming months:
        • Bloomberg reported that OPEC and its allies agreed to gradually boost oil output from May to July. The group will add more than 1M bpd over the coming months, incluidng a 350K bpd increase from Saudi Arabia and Russia in May, and an additional 450K bpd in July. Saudi Arabia may also roll back some of its voluntary 1M bpd cuts. While market had expected group to roll over existing limits, article cited analysts who say product demand is expected rise by 3M bpd over the next three months, so increase isn't bearish. Comes against a lot of recent talk of caution from the group, with OPEC Secretary General Barkindo yesterday saying the oil market faces many uncertainties, particularly regarding a Covid upsurge in Europe and elsewhere (Bloomberg), while OPEC+ technical committee this week cut 2021 global demand forecast by 300K bpd.

    • Afternoon headlines:
    • Markets:
      • Some troubling signals from first IPOs of Q2 include poor trading, postponements, reduced deal sizes (Bloomberg)
      • Strategists see more junk-rated bond outperformance with rising yields (Bloomberg)
      • Turkey sees biggest outflows in 15 years after replacement of hawkish central bank leader (Bloomberg)
    • Coronavirus:
      • Pfizer and BioNTech vaccine remains highly effective for six months after second dose, indicating protection could last even longer (WSJ)
    • Corporate:
      • United says it will hire hundreds of pilots to prepare for travel recovery (CNBC)
      • AMC Entertainment looking for approval to issue as many as 500M shares after shares jumped 350% YTD (Bloomberg)

    • Notable Gainers:
      • +15% UTHR (United Therapeutics): Announced FDA has approved Tyvaso for pulmonary hypertension associated with interstitial lung disease; noted this is the second FDA-approved indication for Tyvaso.
      • +10.2% QS (QuantumScape): Announced it had successfully tested its latest solid-state lithium metal cells in a German lab, meeting a technical milestone unlocks an investment of an additional $100M by Volkswagen of America (VOW3.GR).
      • +6.9% WDC (Western Digital): Cited in a WSJ article as exploring a deal for Japan's Kioxia which specializes in NAND chips where the industry has been consolidating; firms currently have a joint R&D venture through 2027; a deal would likely be valued near $30B though MU also mentioned as a suitor; Toshiba (6502.JP) spun off the company in 2018 but still owns 40% and stated it is considering further investment; Bloomberg reported Kioxia is more interested in an IPO.
      • +6.8% WING (Wingstop): Preliminary Q1 sales figures better than expected with analysts positive on comp momentum and unit sales growth; takes optimistic given digital strength and solid unit economics though some concerns about tough comps ahead.
      • +4.8% MU (Micron Technology): FQ2 earnings and revenue beat with guidance well ahead; analysts noted a tight DRAM market and expense cuts brought gross margin gains; company is among potential suitors (WDC, 6502.JP) for Japan's Kioxia with value expected to be around $30B; semiconductor company specializes in NAND for smartphones and computer servers.
      • +4.7% VSAT (ViaSat): Upgraded to strong buy from outperform at Raymond James; expects significant growth potential from launch of ViaSat-3 constellation; positive on recovery in In-Flight Connectivity and said competitive concerns overblown.
      • +4.5% GES (Guess?): Q4 revenue missed, but EPS beat; Americas comp decline better than feared; GM; management said it plans to achieve by FY 25 10% OMs and net revenues of $2.9B, a 2% CAGR from FY20; analysts positive on Q1 guidance of revenues down HSD vs Q1-20, highlighting ecomm tailwinds offsetting some brick-and-mortar weakness.
      • +2.2% GRA (W.R. Grace): 40 North increased its offer to acquire WR Grace to $70 per share, or $4.6B, a ~17% premium to Wednesday's close; increases previously disclosed $65 a share offer; due diligence on latest offer could take two weeks.
      • +1.7% NIO (NIO Inc): Reported better than expected March deliveries of 7,257 vehicles which was up 373% y/y; analysts noted less impact from chip shortages than expected.
      • +1.5% FUBO (fuboTV): Announced agreement with Marquee Sports Network to bring Chicago Cubs game coverage in the coming weeks; subscribers in the extended Chicago area will have access to all other Marquee programming as well.

    • Notable Decliners:
      • -13.4% EBS (Emergent BioSolutions): NY Times reported ~15M doses of JNJ's Covid vaccine were ruined by human error at an EBS plant; has delayed shipments and FDA investigation underway; JNJ said batch was from a site not yet authorized to manufacture Covid vaccine components.
      • -12.1% XL (XL Fleet): Q4 earnings a bit better but EPS light; positive on growing demand for electrification services but said Q1 revenue likely to be flat q/q amid OEM delays from semiconductor and other shortages.
      • -7.1% KMX (CarMax): Q4 earnings better on financing contribution; revenue in line; comparable used unit sales below consensus and wholesale results weaker (some offset from ASPs); management noted robust March growth supported by tax refunds and stimulus.
      • -5.4% PLAY (Dave & Buster's Entertainment): Q4 EPS, revenue, EBITDA beat; OI, EBITDA margin also ahead; comp decline better than feared; guided Q1 revenue ahead of Street; some note shares already priced in reopening momentum (+60% YTD into print), though analysts still looking for more visibility around strategic and operational initiatives.

    • S&P 500 Sector Performance
      • Outperformers: Energy +2.65%, Tech +2.10%, Communication Svcs. +2.06%, REITs +1.59%, Financials +1.28%
      • Underperformers: Consumer Spls. (0.24%), Healthcare (0.22%), Utilities (0.02%), Industrials +0.40%, Materials +0.93%, Consumer Disc. +0.99%

    • Data
      • DXY: 92.91, (0.34)
      • €-$ +0.0046 or +0.39% to 1.1778
      • £-$ +0.0052 or +0.38% to 1.3835
      • $-¥ (0.12) or (0.11%) to 110.60
      • €-¥ +0.39 or +0.30% to 130.23
      • 2-year yield (0) bps to 0.16%
      • 10-year yield (5) bps to 1.69%
      • 30-year yield (8) bps to 2.34%
      • WTI Crude (May 21): +$2.06 or +3.48% to $61.22
      • Gold (Jun 21): +$15.20 or +0.89% to $1730.8
      • Index Performance
        • Month-to-date: Dow +0.52%, S&P +1.18%, Nasdaq +1.76% Russell +1.50%
        • Quarter-to-date: Dow +0.52%, S&P +1.18%, Nasdaq +1.76% Russell +1.50%
        • Year-to-date: Dow +8.32%, S&P +7.02%, Nasdaq +4.59% Russell +14.13%
    submitted by /u/spacej3di
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    Not a bull, not a bear. How I see things right now.

    Posted:

    [This was a response to another commenter that I felt like could generate some good discussion. As I will mention a couple of times below, I'm new to investing, so consider this me working through my ideas and please do not take it as financial advice or the absolute truth of things.]

    So - I don't really love the bull case "Omg new paradigm, low interest rates, never bet against the USA!", nor the bear case (predicted 20 of the last 5 recessions). TBH to me it just seems like nobody can ever truly know... imperfect information and what not.

    I'm totally new to investing, but I did get my degree in economics. The market is definitely running hot right now, but then again, we can kind of afford it at the moment with all the easy money - the Fed is printing money precisely so that markets are more liquid. This is expected. We're also not totally detached from the fundamentals like we were with the dot com bubble. I mean, MSFT at 32 P/E ratio makes sense taking into account future earnings. You could say it makes sense for most of the S+P.

    The problem is that it has to stop at some point. I mean, future earnings could account for the kind of P/Es we have now, but when we start reaching into 40,50, 60... then you're really getting detached from any sort of fundamentals. The other thing to look at is how much leverage is being used. Right now, it's a lot.

    But again, that's to be expected because borrowing is so cheap right now. This is what the Fed wants. The Fed wants people to borrow, spend, invest, etc. Keep the wheels of the economy spinning.

    But everything has limits. At some point the Fed has to pump the brakes on this. They say that's what they will do. But as unemployment is still high and inflation is still below target, they're not there yet.

    That raises a couple of questions for me:

    1. Will they actually pump the brakes when its time? Or will they continue to keep interest rates low in order to monetize US debt? Low interest rates means it's easier for the US government to pay back its debt. In theory, the Fed is independent of the US government. I'm not much of a conspiracy theorist so I do believe the Fed will act independently to raise rates when the time is right. But it's still something we won't know for sure until they actually do it. And there's also a question of when. I'm worried that things get too far ahead of fundamentals... ie, the easy money becomes too easy and the Fed loses control of the ship before it is able to act.
    2. When they do start pumping the brakes, how will the markets react? It was actually the Bank of Japan trying to slowly put out the speculation fire (by raising rates) that caused the Japan asset bubble to crash, leading to the Lost Decade. There's a real concern, IMO, that the markets cannot sustain these valuations without the Fed's support. As soon as the Fed steps in, people might fear the party is over, panic sets in, and we crash.

    So, what am I doing given all this uncertainty? I'm going for a middle-ground solution. I've got about half of my portfolio in a target retirement fund (various index funds) that I've been adding to for a few years, and I've got the other half in individual stocks that are either good, reliable businesses or very defensive stocks. Some are mining stocks in the event of inflation. I'm also holding some dry powder as well as some inflation protected bonds as another place to dump money that isn't cash.

    Basically I'm playing the middle ground. If things go well, I will be able to ride the momentum. Not as well as everybody who is 100% in VOO, or 100% in winning tech stocks if they do rally and continue to do so. But I'll still do decently.

    If things go poorly, I'll lose more than someone who was 100% defensive or purely in cash, obviously. But I'll also do a whole lot better than anyone who was 100% VOO or 100% tech.

    I'm new to investing so take all of this with a grain of salt. Do your own research. But I think my econ degree, plus all of the research I've been doing the past 2 months or so, has given me some level of understanding of how things tend to work. I think my plan is appropriate given the uncertainty right now as well as my risk tolerance (which is not too high).

    submitted by /u/shortyafter
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    CRSP vs EDIT vs BEAM -- which would you choose for a 5-year high risk investment?

    Posted:

    Would really appreciate any ideas you have about these 3 companies.

    That's

    • Crispr Therapeutics
    • Editas Medicine
    • Beam Therapeutics

    I currently have 3% of my account in CRSP. Bummed today when it went down while EDIT and BEAM soared.

    I realize that ETFs might be great but they don't offer the type of high risk / high reward play I'm going for. I just want to try to find the next Amazon -- something that has a ~10% chance at being 100 billion in 5 years.

    submitted by /u/see-the-whole-board
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    Apple collaborating with Tesla

    Posted:

    Apple will begin using Tesla's batteries at their new solar farm.

    This may lead to a long lasting relationship regarding battery technology. Tesla is more than a car company. It is a mass data collection company, battery innovation company, and lastly a car manufacturer.

    https://www.theverge.com/2021/3/31/22360839/apple-tesla-megapack-energy-storage-grid-solar-batteries

    submitted by /u/walmartpriest
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    Amazon exploring opening outlets selling home goods, electronics

    Posted:

    https://fortune.com/2021/04/01/amazon-outlets-discount-home-goods-electronics/

    Amazon.com Inc. has explored opening discount retail stores selling a mix of home goods and electronics, a potentially significant expansion of the company's growing portfolio of brick-and-mortar locations.

    The outlets would carry unsold inventory sitting in Amazon's warehouses at steep discounts, according to two people familiar with the plans. The company has considered opening permanent stores, as well as pop-up locations in malls or parking lots, said the people. The plans were preliminary and under discussion last year, but the pandemic and new Fresh grocery chain forced many employees to focus on day-to-day operations.

    This is a very good idea. Unsold inventory occupy the space and will cost company time and money. By opening the discount retail stores, it will be able to sell all the unsold inventory at a fast pace and save more warehouse space for useful inventory. This is also a good reopening strategy trend, which open physical stores to attract more customers to buy amazon products and invite them to become prime member. Many retail stocks are currently near 52 week high, so amazon could this the discount retail stores strategy to compete with them and increase retail market share. Investors will like any idea that amazon could increase revenue and the stock will be more attractive.

    submitted by /u/coolcomfort123
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    What was your biggest investing mistake and what did you learn from it?

    Posted:

    I recently was well overallocated to and got hit hard in a recent downturn that was much sharper than I imagined. It was painful. Sold low, then the holding popped up hugely the next few days. So then I bought back higher, at half my original allocation, only to see it bleed down once again. On the sale, I made a 20% cap gain, and I'm happy to have an allocation I am comfortable with now. But it was an interesting experience and some valuable lessons learned:

    1. set limits on allocation

    2. don't get (too) greedy

    3. don't listen to redditors deriding you for your decision. and certainly don't let them influence any decision going forward. In the end, you may be right, they may be wrong. they don't know you or your portfolio. better yet, don't post your investment decisions on reddit in the heat of the moment!

    4. have conviction in your decision. know the current (negative) environment and why you made your decision. base it on hard numbers. selling in a downturn isn't bad in and of itself. set conditions at which you would reconsider buying back in the future. if you don't have conviction, then do nothing.

    5. remember why you entered into the position in the first place. has anything fundamentally changed?

    6. it's just paper money until you sell.

    7. FOMO is a b#%ch. don't let it control you. if the holding pops back up you really really need #4. plus downturns are sawtoothed, not straight down. if the negative environment hasn't changed, snap backs are common, before a further downturn takes place.

    submitted by /u/hutch_man0
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    Where should I put $10k?

    Posted:

    For context, I'm 22, make $25/hr but have pretty much no bills since I live with my parents, so my risk tolerance is pretty high. I have about 55 shares of Tesla after "un-diversifying" and selling all my other stock. I'm pretty much all in. I cannot find any other company that i can put my money in where growth is seemingly inevitable. I do own bitcoin but what are some equities that I can purchase over the next few months, or all at once with 10k cash?

    I have a tiny % of my portfolio in Oracle, Trimble, Crispr, Upstart, Square, Paypal, to give you an idea of what types of stocks I'm attracted to. (data, fintech, autonomy). I'm averse to companies with binary outcomes like bio, pharma, etc. Any interesting leads? :)

    submitted by /u/willyumn
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    AI will eventually figure out how to beat the market, right?

    Posted:

    Given a long enough timeline I feel like it's inevitable that a well programmed AI will be able to sift through all the infinite complexities of the market and find patterns to help it not just beat the market, but do so handily. Am I wrong in this assumption? And if I'm correct, wtf happens then? Computers figured out how to beat the greatest grand masters at chess a while ago, how far away is this really?

    submitted by /u/n0lefin
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    Found Old Stock Certificates, Are They Worthless?

    Posted:

    My father recently gave me a couple physical stock certificates that my grandfather bought in the 70s-80s. I've tried looking up the two companies listed on the certificates in Google, the NYS Division of Corporations website, and on my brokerage app but I can't seem to locate these companies, or any company that used to be known as these two.

    The companies are:

    • APPLIED MANAGEMENT SCIENCES INC. (certificate issued 08/01/1989)

    EDIT: Thanks to /u/Beholder88

    Applied Management Sciences Inc: "Applied Management Services was acquired by Aspen Systems in 1989. The Company offered survey and data analysis as well as business process re-engineering." Aspen systems still seems to exist, per Google, but it looks like they're a private company as I can't find anything on stock for them. You're probably out of luck there.

    • DEEP SEA TECHNIQUES, INC. (cert. issued 04/12/1973)

    EDIT2:

    Just got off the phone with Fidelity, they were very kind but ultimately had no luck in researching Deep Sea Techniques, Inc. for me. I was told to attempt to locate the "issuer" listed on the stock certificate, but all I see is the transfer agent Continental Stock Transfer Company (trying to find out if they are now known as Continental Stock Transfer & Trust Company).

    I actually located an old prospectus for Deep Sea which listed an old name they had, as well as an address. There's nothing located at the address, but I managed to locate an SEC News Digest article about Deep Sea Techniques, Inc. offering shares of common stock for public sale by E.L. Aaron & Co.

    Looking up this broker-dealer, I found a case: SEC v. Aaron regarding an appeal to a prior decision regarding a permanent injunction for violating the registration and antifraud provisions of the federal securities laws. I don't think I will get much farther with this route, going to attempt contacting the transfer agent.

    If anyone could help me discover if these companies are out of business, and conclude that my shares are worthless, it would be much appreciated. From what I can tell, Deep Sea Techniques was incorporated in the state of New York but Applied Management Sciences was incorporated in the state of Oregon.

    submitted by /u/BlueEyesWhiteBoy
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    Taiwan Semiconductors investing 100 billion to expand capacity. Look at AMAT and ASYS to benefit

    Posted:

    AMAT and ASYS will keep on seeing the orders flow in. This is news from today and capital equipment makers are hot. Applied Materials for a large broad capital equipment maker. Amtech Systems for the nice capital equipment maker.

    submitted by /u/JamesHolden1975
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    ATT vs Verizon vs T mobile

    Posted:

    I have owned ATT for some time and although I am very happy with the dividend, I realize that the company seems to be in a tough spot. Compared to Verizon, it seems that ATT is almost stagnant as a company and is having a hard time investing in future growth. It also did not raise it's dividend recently and I feel as if they face risk of having to cut the dividend In the future if they don't start becoming more profitable.

    Verizon seems to be in a better overall position especially when it comes to 5G exposure and quality. They pay less of a dividend though, which I am okay with because that frees capital for investments in their business. and while I do like the slight exposure to HBO max through ATT, I feel as if it is a small niche and the overall company isn't going to benefit greatly even if it grows well. I also own disney, so I do have other streaming services in my portfolio.

    T mobile seems to be the aggressive approach as the share price seems to reflect them doing well already, which worries me. I know they are in the 5G game, but my big gripe with them is the lack of a dividend. I don't think the share valuation with no dividend justifies the valuation, so I almost just included it to see if there's something I'm not really seeing. It probably has better growth prospects than Verizon or ATT, but if I'm cutting ATTs sweet dividends, I think Verizon will be my pick.

    I'm wondering if anybody here holds shares in any of these companies and can shine some light on why they chose them. I'm obviously leaning towards cutting my entire ATT position and entering into Verizon. T mobile seems to be a bit aggressive and expensive, especially since I'd be losing dividend payments if I were to transition to that stock. Any insight is appreciated.

    submitted by /u/third_legatron
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    POWW Catalyst Machine

    Posted:

    I'm all in on Ammo Inc. Have been for a while. It seems as though there is a new catalyst every other week. I saw the dip before each event. Someone is playing it smart. I bought at each drop. It would be hard-pressed to not become a Behemoth Stock. With the latest, I see even more upside to sticking with them - AMMO, Inc. Increases Guidance for Fiscal Year 2021 From $58 Million to $62 Million, Reflecting a Projected 319% Year-Over-Year Revenue Growth.

    submitted by /u/VoodooGrip
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    Lordstown motors beta trucks come off assembly line

    Posted:

    Was happy to see news this morning that Lordstown Motors had the first two beta trucks come off the assembly line yesterday. I know I know -- SEC investigation -- yes I know one of their trucks burned to the ground in January on a test drive.

    But i like the way they are doing the trucks. They actually look like a truck -- compare it to the Cyber truck, and just looks alone it wins hands down. I also think the hub motors will be the way for EV to go in the future. The space a motor like Tesla uses can be dedicated to storage area or more battery space for longer distances.

    I'm slowly coming to face reality that EV will be what we drive in the next 10 to 15 years. So I've been watching and reading on different companies. I do have a few shares of Lordstown (38 shares -- please stop laughing at the small amount.)

    Hopefully the remaining test trucks come off the line without a hitch, the testing of them goes off without a hitch, and production starts this fall.

    https://electrek.co/2021/03/31/lordstown-motors-reveals-its-first-two-endurance-betas/

    submitted by /u/UTrider
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    A company named Kelly b services mooned today

    Posted:

    I noticed that they have an average volume of 2000 and a much higher volume today of several thousand percent does anyone know why in the past this stock has mooned. It seems to be a pattern every few months.

    submitted by /u/Bright_Yak2707
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    How exactly is NYSE Tick calculated/built? What's the logic behind it?

    Posted:

    How exactly is (NYSE) tick indicator calculated/built? What is the logic behind it?

    Tick uses OHLC. Say every second you record the current tick of an index. Numbers of stocks at an uptick minus number of stocks at a downtick. Now there's a list of 60 values after a minute. The open would be the first value, high would be the highest, low the lowest and close the last.

    I've tested this on the NYSE with live data in a spreadsheet. Resulting OHLC values are much lower and candlesticks are wider and thicker than what I see in available NYSE tick feeds (Tradestation/Sierrachart). OHLC values from them are each like 150+ vs less than 50

    I just want to know, if anyone does, how exactly tick is calculated, what's the exact logic used in calculating?

    Sorry if my English is bad. Thanks for reading

    submitted by /u/Jayuaro
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    Amarin got EU approval starting to sell VAZKEPA

    Posted:

    Amarin Corporation got approval to sell in the EU VAZKEPA

    https://investor.amarincorp.com/news-releases/news-release-details/amarin-receives-european-commission-ec-approval-vazkepa-reduce

    They just started in Germany growing to other EU countries soon

    https://www.amarincorp.de/

    They are using MIAS Pharma to speed up the distribution process in the EU market

    http://www.miaspharma.com

    Plus they are in a study called PREPARE-IT, that looks at a possible COVID drug use. Info on that could be coming out in the next possible months.

    https://clinicaltrials.gov/ct2/show/NCT04460651

    Also check Amarin's reddit

    https://www.reddit.com/r/Amarin/

    submitted by /u/stillness0072
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    Biden's Infrastructure plan and who benefits?

    Posted:

    Long post but easily readable. TLDR at the bottom.

    As of right now, Biden is speaking about the huge infrastructure plan. This plan is spread out over 8 years and will be paid for in new tax hikes. The tax plan is expected to raise the corporate tax rate from 21 percent to 28 percent, end federal subsidies for fossil fuel companies and increase the global minimum tax paid from about 13 percent to 21 percent, as well as other measures aimed at taxing corporations that shelter profits offshore to avoid taxes.

    More details about this plan are here: https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/

    • $650B to rebuild the country's infrastructure, such as its roads, bridges, highways and ports
      • U.S. Stocks:
        • ROAD (Construction partners) - engineering and construction industry - engages in the construction and maintenance of highways, roads, bridges, airports, and commercial and residential developments. across Alabama, Florida, Georgia, North Carolina, and South Carolina.
        • VMC (Vulcan materials),
        • NUE (Nucor) - sells steel and steel products
        • CLF (Cleveland cliffs) - steel industry - Iron ore mining company based in the US - three ore mines - one in Michigan, and two in Minnesota,
        • CMCO - (Columbus Mckinnon corp) - trucks/construction/farm machinery industry -
      • ETFs:
        • PAVE - US Infrastructure ETF - no utility companies
        • IFRA - US Infrastructure ETF with 20 electric utility companies and four water companies.

    • $400B toward home care for the elderly and the disabled - A few senior living facilities were hit with COVID and unfortunately took the lives of many of these elderly. I'm not too sure on the outlook of senior living in the short term due to COVID. I'm sure families are hesitant about putting their elderly ones in assisted living facilities in the short term.
      • Stocks:
        • CSU (Capital senior living)
        • WELL (Welltower inc)
        • VTR (Ventas inc)
        • BKD (Brookdale senior living)
        • FVE (Five star senior living)
        • CTRE (CareTrust REIT) - 72% skill nursing facilities, 18% assisted and independent living facilities, 9% campuses (SNF + ALF)

    • $300B for housing infrastructure
      • Stocks:
        • DHI (D.R. Horton) - largest US homebuilder (58,434 closings in 2019)
        • LEN (Lennar corp) - 2nd largest homebuilder (51,491 closing in 2019)
        • PHM (Pulte group) - 3rd largest homebuilder (23,232 closings in 2019)
        • NVR (NVR inc) - 4th (19,668 closings in 2019)
        • KBH (KB home) - 5th (11,871 closings in 2019)

    • $300B to revive U.S. manufacturing
      • ETFS: XLI, BOTZ
      • CPSH (CPS technologies) - provide materials for transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets
      • ABB - (ABB) - Swedish company that provides robotics and automation technologies in manufacturing industry
      • ROK (Rockwell automation) - provider of industrial automation
      • FANUY (Fanuc) - Japanese automation company

    • $180B to research and development
    • $100s of billions of dollars to bolster the
      • Nation's electric grid (stocks listed under clean energy),
      • High-speed broadband, and
        • ARKX
        • T, CMCSA, VZ, TMUS
        • IRDM (Iridium communications) - 66 active satellites used for worldwide voice and data communication from hand-held satellite phones and other transceiver units.
        • VSAT (ViaSat) - 4 satellites providing of high-speed satellite broadband services and secure networking systems covering military and commercial markets
      • Water systems to ensure clean drinking water
        • ETFS: FIW, PHO
        • AWT (American water works) - public utility company
        • PNR (Pentair) - water treatment company based in UK, main office in US in Minnesota
        • WMS (Advanced drainage systems) - provider of draining products

    • $100B towards workforce development and job retraining
    • $400B in clean-energy credits
      • Electric Vehicles: TSLA, NIO, XPEV, LI, Luc1d, GM, F, all other legacy autos EVs
      • Chargers: BEEM, PLUG, CHPT, BLNK
      • Solar: SEDG, ENPH, FSLR, SPWR, NEE
      • Cell producers: PLUG and more stocks I can't list, check the spreadsheet below
      • Energy storage: stocks I can't list here sorry check the spreadsheet below
      • Natural resources: MP, UUUU

    IMO, the rare earth elements (REE) space is going to grow at a fast past over the next few years and decades. If you don't know what REE is, it's a group of 17 metals (lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium, scandium, yttrium) that appear in low concentrations in the ground. The popular ones used in mainstream commodities (such as electric vehicles, batteries, and energy storage) are lithium, graphite, cobalt, nickel, and copper.

    There was a Global Metals & Mining Live Virtual Investor Conference yesterday and today that saw several companies pitch their companies and talked about what they do and the how the mining business will see a lot of growth for the next several years.

    There's two US based companies that I would recommend and that's MP Materials, ticker symbol, MP and Energy fuels, UUUU. The reason mining rare earth metals is so important for the US is because we have to become independent from other countries to mine, specifically China. China supplied 80% of the rare earth metals to the US from 2014 to 2017 and they supply 75% of the rare earth materials to manufacturers. There is only one US based rare earth mine and that's California's mountain pass mine. Guess who owns it? MP Materials.

    I made a spreadsheet list of stocks and ETFs that may see some benefit from this plan. Tabs on the bottom so its divided by each category.

    https://docs.google.com/spreadsheets/d/1AmtSD9Bcg_BwcdOxSwR_li5uL3Omfa1SAFlcAMa7KJQ/edit?usp=sharing

    If you're still reading here, thanks for taking the time to read this. If you have any suggestions for stocks that will benefit, discuss here!

    TLDR: Long TSLA, MP, LIT, ARKX, clean energy stocks. Do your own research.

    Edit: Forgot to mention that this infrastructure plan is just a proposal! I think they will vote on it sometime in August/September AFAIK.

    submitted by /u/reggieoninvesting
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    What is the difference between GMWKF and GAW.L

    Posted:

    I want to invest in Games Workshop, a miniature modeling and tabletop gaming company. I have been playing the game for years and I got into investing over last few months and want to buy some shares. I found that it has different tickers at very different prices and volumes. GAW.L has a much higher colume and price, while GMWKF has very few trades happening. I was just wanting to know what the difference is.

    I don't currently own any shares of either. I want to figure out which would be better to invest in.

    submitted by /u/Mother_of_Wordbanks
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    Has BNN gotten really bad lately?

    Posted:

    Maybe I just never noticed it before, but over the past few months BNN has gotten really bad in terms of the frequency and type of advertisements they run. There's this one where it look like two people talking, In a similar format to how the normal show is, so at first glance it looks like the regular programming but it's actually heavily biased towards the company they are talking about because it's really an ad. I've also just noticed more ads in general. Am I going insane?

    submitted by /u/THEMOTHMAN76
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    Reversing the Wash Sale? -- Does it work if I buy at the lower price, and then immediately sell the higher priced stocks that I already own?

    Posted:

    Say I have 20 stocks @ $25, and the current price is $15. Can I buy 20 stocks @ $15 and then immediately sell my original 20@$25 for $15? This is essentially the same thing as a wash sale, except I have enough capital to do it the opposite way. Would I be able to claim the loss this way? My broker uses the first-in/first-out method of trading.

    My first attempt at this post was removed for being too short, so here is my basic elongating ramble.

    Thanks in advance.

    Edit: you guys aren't understanding what I'm saying. I paid $25 for a stock that is now $15. I paid $500 for 20 stocks. Now I buy the same stock, 20@15 for $300. Can I immediately sell the original stocks that I paid $25 for for $300 and still claim the $200 loss?

    submitted by /u/varralan
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