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    Friday, May 28, 2021

    Home Unlabelled Stock Market - Today was an interesting day.

    Stock Market - Today was an interesting day.

    May 28, 2021

    Stock Market - Today was an interesting day.

    Today was an interesting day.

    Posted: 28 May 2021 04:05 PM PDT

    AMC Entertainment’s 130% spike this week isn’t done yet, analyst speculates

    Posted: 28 May 2021 03:59 PM PDT

    �� I've turned my free "Reddit's Due Diligence Posts" database tool, StreetBets, into a free web app for all to use.

    Posted: 28 May 2021 12:27 AM PDT

    The original post with 100+ upvotes is here: https://www.reddit.com/r/smallstreetbets/comments/ngieos/i_built_a_tool_that_curates_all_dds_posts_on/

    Got another 200+ upvotes when I posted in r/smallstreetbets yesterday so I thought I would share it here with you all.

    ​

    TL;DR:

    • What is this? I built a tool that scrapes & curates all 'DD' posts into a neat little database, and has turn it into a website now.
    • Why did I built this? To dig through the memes and "To The Moon" posts that are infesting all the investing subreddits these days.
    • Why should you be interested? Reading through DD posts on Reddit is what led me to discover stocks like Palantir and Mind Medicine etc.

    ​

    You can find the tool here: StreetBets.co . Appreciate any feedbacks!

    I will appreciate if you could drop your email address at the site so I can work with and keep you updated on upcoming features for the site.

    submitted by /u/streetbetshunt
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    Drake knows which will retain it’s value

    Posted: 28 May 2021 05:58 PM PDT

    If you think Cathie Wood is correct about the upcoming deflation, shouldn't you keep cash?

    Posted: 28 May 2021 10:45 AM PDT

    Hi all,

    Let's assume you buy Cathie's arguments about deflation being what will happen in the future (e.g. technological deflation), shouldn't you keep cash?

    I like her argument, but I find it contradictory to the global idea that we should invest instead of keeping cash on the sideline (because of arguments like "time in the market is better than timing the market"). I feel like there's a missing piece to the puzzle that I haven't been able to put my finger on yet.

    Let's say a TV used to cost $1000 50 years ago. If you did nothing but keep cash, you'd be able to buy 2 TVs of the same quality today at $500 each, or 3 at $333 each.

    By extension, shouldn't ARK keep cash instead of investing?

    What's your stance on this?

    submitted by /u/wisenerd
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    Here is a Market Recap for today Friday, May 28, 2021

    Posted: 28 May 2021 01:55 PM PDT

    PsychoMarket Recap - Friday, May 28, 2021

    Stocks gained on Friday, with market participants encouraged by new economic data on consumer spending, income and inflation, and a strong Weekly unemployment report. The market has made a remarkable recovery, particularly in technology, after the market tumbled 4% following the April Consumer Price Index roughly two weeks ago. In my view, as I have said for weeks, the recovery in the market confirms that the initial sell-off driven by inflationary fears forcing the Federal Reserve to tighten monetary policy sooner than expected was overblown.

    New government data on Friday showed personal income fell less than expected in April, but still pulled back after March's stimulus-fueled surge. Personal income fell by 13.1% in April compared to March, less than the 14.2% drop expected. This follows a 20.9% increase during March which had been buoyed by the distribution of $1,400 stimulus checks to most Americans.

    In another report, the Department of Commerce reported core personal consumption expenditures increased 3.1% in April from a year earlier, blowing past the Fed's traditional 2% target. Federal Reserve members consider the core PCE to be the gauge of inflation. The strong inflation readings reported by the Commerce Department on Friday had been widely anticipated as the pandemic's grip eases, thanks to vaccinations, and will have no impact on monetary policy. Fed Chair Jerome Powell has repeatedly stated that higher inflation will be transitory. Supply-chain constraints combined, labor shortages in certain industries, and rising demand as the US economy recovers from the coronavirus-induced recession have all contributed to higher inflationary readings. These are all factors that are widely considered transitory, meaning not permanent. In an April 28 statement, Federal Reserve Chair Jerome Powell said, "An episode of one-time price increases as the economy reopens is not likely to lead to persistent year-over-year inflation into the future. Clogged supply-chains won't affect Federal Reserve policy because they're temporary and expected to resolve themselves." Moreover, he said "For inflation to move up in a persistent way that moves expectations up, that would take some time, and you would think it would be likely we would be in very strong employment for that to happen." In other words, Powell is saying he expects issues driving inflation higher to resolve themselves moving forward and doesn't expect inflationary pressures to materialize until the labor market further improves.

    In remarks this week, members of the Federal Open Market Committee (FOMC), reiterated their stance that they were not yet concerned that new inflation data would force the Fed to tighten monetary policy sooner than expected. St. Louis Federal Reserve President James Bullard said he believed increases in inflation would be "mostly temporary" and that the Fed was "not quite there yet" when it came to discussing tapering its asset purchase program. In separate comments, Kansas City Federal Reserve President Esther George said she did not want the Fed to be "overly reliant on historical relationships and dynamics in judging the outlook for inflation."

    Richard Clarida, Vice Chairman of the Fed, offered a slightly different view but one that is in-line with what the Federal Reserve has already said publicly in the past. Clarida said, "there will come a time in upcoming meetings" when the Fed would consider tapering the asset purchase program but that "it is going to depend on the flow of data". The Fed is currently buying $120 billion a month in government-issued and government-backed securities, and has pledged to continue doing that until the economy is more fully recovered.

    This reaffirms the market that the Fed is not on a set timeline when it comes to rolling back current accommodative policies and will, as they have said time and again, wait for concrete data before any considerations are made. This follows a similar statement from Jerome Powell back in April 14, which proves market participants shouldn't worry about quantitative easing tapering, in my opinion. Powell said, "We will reach the time at which we will taper asset purchases when we have made substantial further progress towards our goals from last December. That would in all likelihood be before, well before, the time we would consider raising interest rates. We have not voted on that order but that is the sense of the guidance."

    The Department of Labor's Weekly Unemployment Report showed jobless claims fell for the fourth straight week to yet another pandemic-era low, an encouraging sign that the labor market is improving following the extremely disappointing April Jobs report, which showed 266,000 new jobs added in the month, far below estimated of more than 1 million and a sharp deceleration in job growth compared to March.

    • Initial jobless claims, week ended May 22: 406,000 vs. 425,000 expected and 444,000 the week prior
    • Continuing claims, week ended May 15: 3.642 million vs. 3.680 million expected and a revised 3.738 the week prior

    Highlights

    • "Meme-stocks", particularly AMC, were absolutely on fire this week, as the battle between wallstreetbets and hedge funds continues.
    • President Joe Biden unveiled a budget that would hike federal spending to $6 trillion for the coming fiscal year.
    • Boeing (BA) agreed to pay at least $17 million to settle enforcement cases with the Federal Aviation Administration over production issues with its 737 jets. Stock reacted positively to the news.
    • Durable goods orders, or orders for manufactured goods intended to last at least three years, unexpectedly declined in April, ending an 11-month streak of increases, the Commerce Department said Thursday, an encouraging sign.
    • Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOG, GOOGL) are all involved in a bidding process to provide cloud services to Boeing, according to multiple reports.
    • Disney's (DIS) California-based parks will welcome non-California natives starting June 15.
    • **Please note that current price target was written pre-market and does not reflect intraday changes*\*
    • AutoDesk (ADSK) target raised by Barclays from $335 to $340 at Overweight. Stock currently around $287
    • Burlington Stores (BURL) with a host of target raises. Average price target $365 at Overweight. Stock currently around $325
    • Costco (COST) with three target raises. Stock currently around $388
      • Barclays from $400 to $450
      • Stifel Nicolaus from $390 to $410
      • Telsey Advisory Group from $395 to $415
    • Salesforce (CRM) with three target raises after crushing earnings. Stock currently around $226
      • Mizuho from $270 to $290
      • Barclays from $276 to $285
      • Moness, Crespi & Hardt $275 to $290
    • Dell Technologies (DELL) target raised by Morgan Stanley from $127 to $130 at Overweight. Stock currently around $100
    • Dollar General (DG) target raised by Citigroup from $250 to $260 at Buy. Stock currently around $205
    • Medtronic (MDT) with two target raises. stock currently around $125
      • Deutsche Bank from $134 to $149 at Buy
      • Oppenheimer from $134 to $147 at Outperform
    • Ulta Beauty (ULTA) with a host of target raises after crushing earnings. Average price target $400 at Buy. Stock currently around $328

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

    submitted by /u/psychotrader00
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    Wk 10 1k portfolio

    Posted: 28 May 2021 05:45 PM PDT

    Calls on adblocker

    Posted: 28 May 2021 06:11 PM PDT

    Video: Jamie Dimon’s Thoughts About Inflation (2021)

    Posted: 28 May 2021 07:40 PM PDT

    What The Bernie Madoff Ponzi Scheme Can Teach Us

    Posted: 28 May 2021 08:57 PM PDT

    Hedging to $40oz of freedom!!! It’s HODL Friday Everyone!!!

    Posted: 28 May 2021 06:09 AM PDT

    This doubles every 9 years, 5 assets, zero tweaking. ( since 2004, 8%|yr, 25% less volatility than the market, no stock DD ). �� ��

    Posted: 28 May 2021 05:56 PM PDT

    Video: Subprime Corporate Debt is Being Created at Record Levels (2021)

    Posted: 28 May 2021 10:49 AM PDT

    High volatility after earnings

    Posted: 28 May 2021 08:43 PM PDT

    High volatility after earnings

    Hi everyone,

    I recently started following stocks behaviours after earnings are released, trying to build a strategy to profit from these movements. My goal was to focus on the market reaction aspect, more than the actual dynamics of the company etc. I gathered some data and compiled it to some useful datasets and visualisations that I would like to share with you.

    I started by looking at historic movements the day following the earnings releases and model that into statistical distributions. That basically shows groups of stocks highly sensitive to results (usually pharma or small cap). Added to that some features like the sector the company is in, and high level characteristics of the stock.

    I was also curious about how press releases and online coverage behaves before and around releases. I scrapped old news titles and ran classic NLP methods to extract historic sentiment scores. Obviously there isn't any clear correlation here, but some patterns did emerge when combined with the previous data to detect highly volatile stocks after earnings.

    So finally I ran some machine learning on all these features (xgboost) , had a decent score so decided to make a nice dashboard out of all this and send out weekly recommendations for those interested!

    It just went live and I would love to hear your feedback and thoughts: earnings-watcher.tech

    https://preview.redd.it/997f9s7odz171.png?width=3360&format=png&auto=webp&s=d047b7e6eb9c5fc07d3982a0cc2e91c43bdf0766

    Happy to chat about the data / code also!

    submitted by /u/kribz666
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    Wiseguy Investing Discord

    Posted: 28 May 2021 08:06 PM PDT

    Anyone in Wiseguy Investing discord group? I joined about a year back and paid subscription for their financial advise.

    These guys punch out many stock recommendations daily, and also have a chat group for users to share their daily earnings. Several dudes out there make good profits I must say.

    For me, I was able to make some profits 20-30% gain initially when they shared stocks with in-depth analysis. However, now their approach is more straightforward, simply stating the stock counter, entry price, profit taking price and stop loss price. I realise more often than not I'm chasing a stock that's already rising, and shortly after, the price plummets. I have a few counters stuck at a high price as my broker doesn't have a stop loss function.

    Anyway, I'll like to seek everyone's opinion on their service and is it worth continuing the subscription?

    submitted by /u/bhpeck79
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    Market Status: 5/28/2021

    Posted: 28 May 2021 04:11 PM PDT

    Market Status: 5/28/2021

    Market Status: Uptrend (5/5)

    The stock market's strength ended on a good note this week. On the upside, it looks like two distribution days will fall off the map for the $QQQ next week and three for the $SPY. At the same time, three distribution days will become less significant for both the $SPY and $QQQ next week. That is a good sign and should lead to a ramping up in buying power from institutions. The only way we will lose this momentum is if we gain a lot more distribution days next week.

    During market uptrends, you have the home-field advantage, so the scene is perfect for buying and making profits. Please keep in mind that even though things are looking good, the market loves to give surprises and turn quickly, so taking precautions to protect yourself, such as using a stop-loss, is essential to success. It is more profitable to ask yourself, "How much could I lose?" rather than "How much can I gain?"

    https://preview.redd.it/2k9y09v61y171.png?width=1080&format=png&auto=webp&s=13cabf2f9a245ddabd7a393187db9d7da65e7a83

    submitted by /u/Fly-Elevated
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    Anyone know what's going on with Greenwich Life Sciences today? It's rocketed 11%, seemingly on no news (Not that I'm complaining!)

    Posted: 28 May 2021 12:20 PM PDT

    Cash / Margin Account Advice

    Posted: 28 May 2021 12:02 PM PDT

    I recently opened a margin account on Webull the other day because I like the instant deposit feature; however, I'm not a day trader nor do I use leverage. I just deposit what I have and buy only that amount. Is it wise to switch to a cash account? I do really like how quickly you can buy with margin. Also, let's say I buy 10 amc stock and my investment is worth $10,000 in a week (hypothetically speaking) would I need $10,000 in my account in order the sell since technically I'm "borrowing" with margin? Or is that only when you use leverage. Still kinda new to all of this so any advice is appreciated!

    submitted by /u/crystalship44
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    NASDAQ here we come!

    Posted: 28 May 2021 05:49 AM PDT

    I have a stock question

    Posted: 28 May 2021 06:59 PM PDT

    So I'm in on the GME hype but my question is a bit more broad. First let's assume three things

    1. The actual float is >100% of what it should be
    2. Shorts eventually cover their position
    3. No one stops it from happening

    Here is where my question comes up. From what I understand certain shareholders can't sell their shares of a company for a certain amount of time. Aka core investors like Ryan Cohen can't just start selling shares. So what if these core investors own more then 100% of the float? What would happen if Hedge Funds get margin called but can't physically buy back all of the shares that they need to because there are so many fake shares? I know this has never happened before but I want to know the theoretical.

    submitted by /u/Money_Mach_Unlimited
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    $HTZGQ - PART 4, LOL - RIGHTS OFFERING VS WARRANTS

    Posted: 28 May 2021 06:57 PM PDT

    Again: I am a guy with Google. Not a financial analyst. Please consult yours before you invest.

    So, just to catch anyone up who is just joining:

    Hertz filed for bankruptcy.

    Turns out they were not that bankrupt.

    Everybody is getting made whole except for the shareholders.

    Shareholders of Class 11 stock that pre-pandemic traded at $20 (now trading $6) are getting bought out.

    The payout is in three parts:

    1) Cash in the amount of $1.53 per share, plus

    2) Pro Rata shares of (a) 3% of the Reorganized Hertz Parent Common Interests (estimated to be $1 per share), plus

    3) Either:

    a) 30-year warrants for 18% of the equity in the Reorganized Debtors struck at an equity value of $6.5 billion, or

    b) rights to participate in a $1.635 billion offering for approximately 35% of Reorganized Hertz Parent Common Interests at a per share price based on a total equity value of approximately $4.7 billion. (Subscription Rights)

    This post is a "deep dive"/"open discussion" of the third portion above in bold.

    a) 30-year warrants - waiting for confirmation. It is believed that these warrants have a strike price of $10. So, an example would be a Warrant is issued with a strike price of $10. New Hertz shares are trading at $15 per share. Warrants can be sold or executed. If sold, warrants typically sell for market price less strike price. So, each warrant would be worth $5. Add to the cash of $1.53 + the equity distribution of $1. Total value $7.53.

    b) Subscription rights - there are 2 types of subscription rights

    1) Eligible Shareholder - accredited investors and institutions. Look it up yourself if you don't know if you are. But basically, you must be a broker, bank or have a net cash worth of $1,000,000.

    2) Ineligible Shareholder - everybody else. Probably 99% of the people reading this post.

    What I know about subscription rights:

    Basically, what I learned today is that you can participate in an auction prior to the conclusion of the bankruptcy for share in the new company.

    If you are an Eligible shareholder, you can enter a maximum auction price. If the auction goes above the price you set, then you do not purchase any shares.

    If you are an Ineligible shareholder, you can enter a minimum auction price. If the auction does not get to the price you set, you automatically are issued New Warrants in the Hertz.

    Actual language below.

    Item 9. Election Form for Ineligible Existing Hertz Shareholders

    The undersigned is an Ineligible Existing Hertz Shareholder and elects to sell its Subscription Rights pursuant to the Shareholder Subscription Rights Auction as follows:

    $__________ per Subscription Right (the "Minimum Auction Price")

    ________________ Subscription Rights

    To calculate the maximum number of Subscription Rights that an Ineligible Existing Hertz Shareholder may elect to sell, an Ineligible Existing Hertz Shareholder should multiply the number of Existing Hertz Parent Interests that it holds by 1.0467.

    Note: If you are an Ineligible Existing Hertz Shareholder and do not wish to elect to have your Pro Rata share of the Shareholder Subscription Rights sold pursuant to the Shareholder Subscription Rights Auction described below, no action is necessary, and you do not need to return this form.

    Item 10. Election Form for Eligible Existing Hertz Shareholders

    The undersigned is an Eligible Existing Hertz Shareholder and elects to purchase Subscription Rights (if any) pursuant to the Shareholder Subscription Rights Auction as follows:

    $_________ per Subscription Right (the "Maximum Auction Price")

    Up to ________________ Subscription Rights

    Note: If you are an Eligible Existing Hertz Shareholder and do not wish to elect to purchase Shareholder Subscription Rights that may be sold pursuant to the Shareholder Subscription Rights Auction, no action is necessary, and you do not need to return an election.

    Please feel free to discuss. I am personally leaning towards the New Warrants. I am a shareholder and bullish on Hertz.

    submitted by /u/NotanSECgoon
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    What are the known secrets of the stock market that are unknown to ordinary investors?

    Posted: 28 May 2021 03:06 AM PDT

    Insider trading happens a lot more often than we know, because most of them aren't caught. All it takes is an insider to tell X person (friend, family) that Y will happen to the company, and that person will buy/sell/short.

    Individual investors have no control over the market. Institutional investors, however, can completely shift markets by a media comment. Look at what happened to Tesla and crypto when Musk goes on Twitter. People with status have a lot of leverage. Institutions (whales) with large sums of money can also shift the market when they buy/sell. That's why you might see random spikes. That's usually done by someone with a lot of leverage.

    The stock market is essentially a transfer of wealth from those who are impatient and stupid to the patient and educated. It serves many people well when the majority of people in the game are uneducated.

    Beware of "pump and dump" schemes. A group will hype up a stock, pump loads of money into it to jack up the price, when other laymen see the trend and don't want to miss out on profits so they pump their money in, the original group will dump their stock, cash in the profit, and essentially crash the value.

    submitted by /u/Guy_PCS
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