Stocks - r/Stocks Daily Discussion & Technicals Tuesday - May 11, 2021 |
- r/Stocks Daily Discussion & Technicals Tuesday - May 11, 2021
- Palantir Reports 49% Revenue Growth; $117M in Cash Flow from Operations, up $404M Y/Y; and $151M in Adj. Free Cash Flow, up $441M Y/Y for Q1
- Every NASDAQ pullback lasting longer than three months since 2007
- Some Advice for Newer Investors from an Experienced Investor (5+Years)
- Today's interesting Pre-market.
- Here is a Market Recap for today Tuesday, May 11, 2021
- Buying opportunity like before April?
- SoFi debuts new weekly dividend stock ETF, WKLY
- Every stock I buy so far has been a loss. Any advice?
- With the market being mostly red today, what you buying?
- FuboTV delivered record $119.7M revenue in Q1, growing total subscribers to 590K
- Tech stocks on sale or stay away?
- Nautilus Inc: Exposure to Connected Fitness at 7x earnings
- Thoughts on $C3.AI?
- Insider sales as an indication
- Are Stock “Simulator” Apps good for trade practice?
- Does accepting a grant in Etrade mean you bought it?
- r/Stocks Discuss Overlooked Stocks Tuesday - May 11, 2021
- Are high interest rates already priced in?
- PLUG POWER Forecasting a record first-quarter performance, management announced it expects to report record gross billings.
- Tesla on Pace for a Blowout Q2
- Tesla China April sales figures only 25k?
- Ford will reveal all electric F-150 May 19th
- Sell or hold AMAT?
- What indicator do you feel like doesn’t get enough love?
| r/Stocks Daily Discussion & Technicals Tuesday - May 11, 2021 Posted: 11 May 2021 02:30 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post. Some helpful day to day links, including news:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions. The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price. TA can be useful on any timeframe, both short and long term. Intro to technical analysis by Stockcharts chartschool and their article on candlesticks If you have questions, please see the following word cloud and click through for the wiki: See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Posted: 11 May 2021 04:13 AM PDT Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the first quarter ended March 31, 2021. Q1 2021 Highlights
Link: https://finance.yahoo.com/news/palantir-reports-49-revenue-growth-110000817.html [link] [comments]  |
| Every NASDAQ pullback lasting longer than three months since 2007 Posted: 11 May 2021 09:59 AM PDT I made a graphic showing every time the NASDAQ pulled back from previous highs and stayed down longer than three months since 2007. I hope it's acceptable to post an image like this. https://i.imgur.com/eDnQEp8.jpg I defined pullback as any drop that did not sustain a recovery for at least a week within a three month time frame. (Note the NASDAQ reached new highs in March 2018 and April 2021 but immediately fell again after 1–3 days.) I think this helps put the recent rotation out of growth/tech into context. Since 2007, the NASDAQ has recovered nicely from every single pullback – eventually. [link] [comments]  |
| Some Advice for Newer Investors from an Experienced Investor (5+Years) Posted: 11 May 2021 06:29 AM PDT Just thought I would drop a few suggestions in here as having invested for over 5 years I have found ways that have stopped me pulling my hair out during "turbulent" times such as these and hopefully can have some words of wisdom for newer investors:
Final PSA: The Stock Market is not for everyone, there is no shame in investing into an ETF or Bonds if life is in the way - I believe every investor has some element of fun when it comes to stocks in order to stay invested in the market. If it is never fun and is just an extra chore than it is probably not for you and you should have a more passive strategy. EDIT: This isn't financial advice [link] [comments]  |
| Today's interesting Pre-market. Posted: 11 May 2021 09:56 AM PDT Today's premarket was definitely... interesting to say the least. I opened up my Yahoo finance app and saw literally all of the holdings in my speculative portfolio down anywhere from 4-12 percent. Specifically both $OPEN and $PLTR were down more than 10 percent (PLTR down that much initially after the earnings report). Lo and behold, the market opens and everything immediately is up way higher than in pre-market. Now obviously futures are only indicative to some extent and don't actually reflect at which price-point stocks will open but it still leaves you wondering how PLTR can drop more than 10 percent in pre-market off the earningsreport and currently later in the day is trading up more than 8 percent. I don't buy all of the tin-foil hat theories that people have come up with since the whole GME saga but damn this is still kinda sus. I mean someone with premarket access could've scooped up some palantir shares this morning in pre-market and be up more than 20 percent within a matter of hours. What are your thoughts on this? [link] [comments]  |
| Here is a Market Recap for today Tuesday, May 11, 2021 Posted: 11 May 2021 01:30 PM PDT PsychoMarket Recap - Tuesday, May 11, 2021 Bottom line, the extreme volatility in the market, particularly in tech stocks, continued today, with tech stocks opening deep in the red before recovering throughout the day, with the Nasdaq (QQQ) going from roughly 2% down at open to close to break-even by close. With the market fluctuating so wildly, it is difficult to pinpoint the reasons behind this price action, but I think there are two main, competing factors contributing to the volatility the market has seen in the last two weeks or so. It seems that fears of inflationary pressures causing the Federal Reserve to tighten monetary policy sooner than expected are affecting the market to the downside while the April Job Report, which missed analyst estimates and marked a sharp declaration in job growth compared to March, bolsters the Fed's argument that it will not consider tightening monetary policy until it sees a "string" of strong labor reports. Looking ahead, market participants wait for the U.S. Bureau of Labor Statistics' April consumer price index (CPI) set to be released tomorrow and the producer price index (PPI), set to be released on Thursday. These reports will show the latest change in prices for consumers and suppliers, and are expected to show a significant jump over last year's pandemic-depressed levels as demand resurges as the economy in the US reopens. Last Friday, the April Job Report showed only 266,000 jobs added in the month of April, missing estimates of more than 1 million and marking a sharp deceleration from the 916,000 jobs added in March. Despite significant progress, the economy remains roughly 8.2 million jobs short compared to pre-pandemic levels, and both the unemployment rate and labor force participation rate remain well below February 2020. For months, members of the Federal Reserve, including Chairman Jerome Powell, have consistently said they expect any inflationary pressures to be "transitory" and want to see progress rather than projections in the labor market before they consider tightening monetary policy. In an April 28 meeting Powell said, "Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened. Inflation has risen, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses." Put simply, Powell is saying that after the severe decline of prices following the quarantine in March, a rise in inflation as the economy recovers is not surprising and reflects transitory factors (transitory meaning not permanent). On the other hand, market participants are spooked that as the economy reopens and comes out of the pandemic, a surge in demand and consumer spending could drive a surge in prices. This, in turn, may prompt the Federal Reserve to raise interest rates sooner-than-expected, pressuring the valuations of technology and growth stocks. Market participants are anxiously waiting for the Consumer Price Index (CPI) set to be released tomorrow and the Producers Price Index (PPI), which are both expected to show a significant jump. Expectations for CPI are 3.6% year-on-year for the headline print and 2.3% year-on-year for the Core Inflation Rate (Core inflation rate is the one most people think about when talking about inflation). PPI is expected to be 5.9% year-on-year for April. If the numbers come out much higher than predicted, some analysts wonder if the Fed will realistically be able to hold out on raising rates for the foreseeable future. In short, the sharp deceleration in job growth shown in the April report serves to allay concerns that the Federal Reserve will tighten rate anytime soon, which may be why tech was able to bounce back somewhat today. For months, Jerome Powell and other members have reiterated they want to see significant progress in the labor market before they consider tightening policy and will telegraph their intentions well in advance. On the other hand, if the CPI and PPI numbers come in way higher than consensus estimates, inflation may begin to become a real concern for the Federal Reserve. Highlights
"To bear trials with a calm mind robs misfortune of its strength and burden." - Seneca [link] [comments]  |
| Buying opportunity like before April? Posted: 11 May 2021 02:14 AM PDT Does this look like a buying opportunity for tech stock? It's getting hammered the same way it got hammered before it had a 1200 point increase to ATH in April. Looks like it still has 200-400 points lower if it's going to be the same. Just looks like it's getting hammered worse than that time frame though. Lots of stocks are lower already, more than they were when Nasdaq 100 was sitting around 12800, and it's only at 13200 right now. Which means, we could possibly still see maybe another 10-20% down for each stock before there's an actual reversal, if any. Thoughts? [link] [comments]  |
| SoFi debuts new weekly dividend stock ETF, WKLY Posted: 11 May 2021 12:14 PM PDT From the email I got: "WKLY is the first equity ETF that aims to provide income weekly (see what we did there) to shareholders. To do this, WKLY tracks the performance of SoFi Sustainable Dividend Index, made up of numerous well-known companies that have historically paid consistent dividends—think JPMorgan Chase, Costco, Verizon, Procter & Gamble. Securities selected for the index have maintained their dividend payment for the last 5 years and met a number of additional screens intended to remove companies at risk of reducing their payouts in the future. Holdings are weighted by market capitalization and rebalanced quarterly. The fund is passively managed and plans to distribute income from its investments to shareholders every Thursday." [link] [comments]  |
| Every stock I buy so far has been a loss. Any advice? Posted: 11 May 2021 07:44 AM PDT There was a post in here a few ago from someone where she wanted to buckle down and learn stocks, so I followed that post. Someone more experienced copied and pasted their write up with advice. I followed that write up, researched stocks, looked at earnings reports, etc. But so far the only stock gaining me money is the one stock I thought wouldn't (Vaxart is positive when all indications I could find in my research were negative). GE I've lost $150. Gold was positive, but now it's lost me $50 too. Almost bought into some REITs, but every single one I looked at is going down. Every stock on my list is negative except Vaxart, which seems ironic cause everything else on my list is supposedly safer stocks like materials and utilities and real estate. Tangible assets. All negative. Avoided buying tech stocks like NIO and PLTR cause a lot of people here say people are dumping tech stocks. Feels like I should just go back to ETF funds and high interest savings accounts. This feels like a waste of both time and money in comparison. Any advice? Down $300 right now in only a few days lol [link] [comments]  |
| With the market being mostly red today, what you buying? Posted: 11 May 2021 03:37 AM PDT I want to buy a growth stock for my mom. A lot of things on discount. Is the ARK innovation ETF a good buy at $100? It can return to previous high of $150 and pass that eventually. I want something in an emerging market and a safe long term play. What you guys buying on the dip? [link] [comments]  |
| FuboTV delivered record $119.7M revenue in Q1, growing total subscribers to 590K Posted: 11 May 2021 01:47 PM PDT Great Q1 results from FUBO - 135% YoY revenue growth and 105% YoY subscriber growth. Shows the continued shift away from traditional cable TV. Looking forward to the planned integration of their betting platform. Up 20% in after hours. EDIT: holding 75 at average $30 [link] [comments]  |
| Tech stocks on sale or stay away? Posted: 11 May 2021 08:34 AM PDT I've only been seriously investing since Jan. Pretty heavy on tech. My portfolio took quite a hit during the dip in mid feb/early mar, but I remember the sentiment around reddit was "now is the time to buy!" "Stonks on sale!" This dip doesn't seem to be quite as bad just yet, but I'm not seeing that sentiment to buy the dip anywhere. Is there something about this dip that is particularly worrying? [link] [comments]  |
| Nautilus Inc: Exposure to Connected Fitness at 7x earnings Posted: 11 May 2021 10:03 AM PDT Nautilus is a leading global producer of home fitness equipment known for its Bowflex and Schwinn brands of connected fitness bikes, treadmills, ellipticals, and strength training equipment. The company is the 3rd largest player (by a large margin) in the fragmented connected fitness industry. The business, led by a new CEO, has executed on a transformational turnaround in its business model. It has shifted away from being a cyclical fitness equipment maker and towards becoming a high margin, subscription-oriented connected fitness company. The redesigned products have been selling extremely well, and the connected fitness subscription numbers are growing at triple digits (albeit from a small base). The company is valued at less than 1x sales, 7x earnings, and has 20% of its market cap in net cash on the balance sheet. The stock trades at over a 75% discount compared to public and private peers including Peloton, NordicTrack, Tonal, Tempo, and more. Q1 numbers reported yesterday afternoon. Excellent numbers and forward guidance confirms my viewpoint that the company has transformed its business, and at-home fitness is not going anywhere. I am also hopeful that they can capitalize on the fact that their treadmills aren't killing children and injuring adults (referencing the mess Peloton has found itself in). Q1 2021 Financial Highlights:
Apr-June 2021 Quarter Forward Guidance
Blowout quarter that was even stronger than Q4 2020, which I believe most people suspected would be peak earnings for many "pandemic winners." The business itself has continued to perform extremely well. The majority of market participants have been extremely skeptical as to whether Nautilus was a one-hit pandemic winner. In contrast, all of my research indicated that at-home fitness was here to permanently stay for a large part of the population. Nautilus had also permanently transformed their product portfolio and business model (JRNY connected fitness service) to capture this growth in the market. Q2 2021 is the first true "pandemic YoY comp" to gauge how the business will perform in a more normal world. The fact that Nautilus has guided to 40% to 50% YoY growth (and even higher excluding divested commercial business) means the company's ability to grow in the post-pandemic world is becoming clearly evident. The order backlog of $179 million (at the end of a $206 million sales quarter) is also indicative of this. Margins and profitability will definitely be pressured for the next 1 to 2 quarters due to higher commodity prices, global chip shortages, and increased marketing and investment in JRNY. However, I don't see a particularly difficult path for them to hit $2.50 to $3.00 in EPS this year, which means the stock currently trades at around 6x to 8x earnings. This is quite cheap, especially considering that net cash is 20% of market cap, and the company is in the process of complementing its equipment business with predictable, high margin software revenue from the JRNY connected fitness subscription. I have been frustrated that the market was not giving this company much credit over the last 9 months. But as they keep executing quarters like this, there's no way the stock can stay down here in a single digit P/E. [link] [comments]  |
| Posted: 11 May 2021 02:03 PM PDT The stock has been just bleeding money, so as a new investor my first instinct was to avoid it. That being said, I find AI really interesting and I think it definitely has a big future. Can someone with more experience give me some insight on why it's going down so much? Also, let me know if you're bullish/bearish going from here [link] [comments]  |
| Insider sales as an indication Posted: 11 May 2021 12:36 PM PDT Hello, I'm not an experienced investor and one of the things i've been looking at while considering a stock is the insider sales. It seems that almost every stock I looked at has significant amount of insider sales. I agree that I'm looking at a high point in the market but is it a red flag when a company has had only stock sales from insiders in the last 3-6 months? My source for data is Finviz.com. Thanks! [link] [comments]  |
| Are Stock “Simulator” Apps good for trade practice? Posted: 11 May 2021 02:03 PM PDT I've been using stock simulator apps for market stocks in order to train for real trading with real money once I turn 18, but do these simulators accurately represent what would happen with real money? Basically, are they B.S. or not [link] [comments]  |
| Does accepting a grant in Etrade mean you bought it? Posted: 11 May 2021 09:59 AM PDT Hi all, maybe a stupid question! My company granted me 100 stock options at around $4. I was told to make an Etrade account and can do whatever I want with my options there. I saw a box that said "accept your grant", and I clicked accept. Does that mean I actually bought them? Will $400ish be taken out of my paycheck/ checking account I linked to Etrade? [link] [comments]  |
| r/Stocks Discuss Overlooked Stocks Tuesday - May 11, 2021 Posted: 11 May 2021 09:00 AM PDT It's lunchtime, Wall St time; time to discuss overlooked stocks that no one is talking about: Overlooked & possibly undervalued stocks. All the rules of r/Stocks still apply, so please see the sidebar or click here. But here's the twist you can't bring up meme stocks that have been hotly discussed in the past several weeks. Those stocks that everyone has been talking about, you can't bring up here or they'll be autoremoved. Why? It's to keep this thread pure & focused. The current list of meme stocks can be found here. So don't mention these stocks in this post or your comment will be removed. Need ideas on which stocks to discuss, try a screener like this one. Important links:
After discussing your stock here, feel free to create a post on r/Stocks with all the information you might have just learned. Thanks & enjoy! [link] [comments]  |
| Are high interest rates already priced in? Posted: 11 May 2021 07:29 AM PDT From my understanding inflation is a big concern with investors right now. People are worried this crazy inflation will not be transient, as insisted by the fed, but instead will persist and force the fed to raise rates. But hasn't the market already priced that in by now? Many many speculative/growth stocks have crashed over the past few months. High flyers like pltr, nio, QS, and arkk are 50-100% down from their recent highs. From my understanding cash flow 5 years out would be discounted by ~5% with a 1% increase in rates, but obviously we're far past 5-10% drops. So then… If interest rates really do start rising and Powell really does stop printing, how much worse can things get in the sectors that have already corrected? Is the raise in rates primarily going to affect the less speculative parts of the market if it comes? Growth companies are expected to trade at a premium to reflect some of their future earnings growth, are we still trading far above their fair value right now? Am I missing something here, is there a lot more pain to come? [link] [comments]  |
| Posted: 11 May 2021 12:34 AM PDT It looks like the official date for first quarter earnings is 17 May 2021. The lawsuit with Linde has also been amicably settled. A record quarter during a pandemic year is hopefully a good sign of things to come. Position: Long, no intention of selling anytime soon. [link] [comments]  |
| Tesla on Pace for a Blowout Q2 Posted: 11 May 2021 01:31 AM PDT https://twitter.com/vincent13031925/status/1392001012131524611?s=19 Tesla delivered a record number of cars out of it's Shanghai Factory in April. They delivered over 40,000 cars in April and are continuing to increase their production ramp. Fremont delivered over 100,000 cars in Q1 and they did not produce any Model S or Model X vehicles due to parts shortages. They are set to begin deliveries for the Model S in Q2 so their production out of Fremont should be higher than Q1 and with Tesla now producing over 40k a month in Shanghai they could conservatively at this pace reach north of 225k in Q2. They might be significantly higher than 225 with them already at 40k out of Shanghai the first month of the quarter. Estimates seem to be in the 195-205k range. Edit: Seems the information was misinterpreted and the actual numbers were about 25k out of Shanghai in April. The factory had shutdowns for 2 weeks. I still think this is bullish that they were able to pump out 25k in the month of April with factory shut downs for 2 weeks. They should clear 100k easily in the quarter out of Shanghai and 100k easily out of Fremont. Estimate for the quarter now 210k and potentially more depending on how much they can ramp Shanghai in May and June. [link] [comments]  |
| Tesla China April sales figures only 25k? Posted: 11 May 2021 07:40 AM PDT As I understand it Tesla sold 25000 cars in April in China INCLUDING exports. In the past, the export figures were also always included in the sales figures. Several Twitter users, who are always up to date, have already corrected their posts. This is the Global Times article: https://www.globaltimes.cn/page/202105/1223185.shtml A very well informed Tesla forum in Germany has also already updated the statement and reports a total of 25000 cars including exports: I'm honestly a little confused about the unclear reporting. If anyone finds something more recent, please just comment and I'll attach it to the post in the follow-up. [link] [comments]  |
| Ford will reveal all electric F-150 May 19th Posted: 10 May 2021 04:12 PM PDT I know, I know... it is not as sexy as some other cars. But I think this is great. The name "Lightning" is also quite perfect 😂. I also read few days ago that Ford invested in Solid-State battery along with BMW. Supposedly promising although I am not an expert. I kept going back and forth on Ford and finally bought some today. I am willing to give it a shot, especially considering that everything "sexy" is tanking. https://www.caranddriver.com/news/a36384035/ford-f-150-lightning-name-confirmed/ [link] [comments]  |
| Posted: 11 May 2021 06:51 AM PDT Hi all. I've been in AMAT for years. Still has high analyst ratings, price targets in the 150s. BUT - it's gone up even faster than most stocks over the past year and change, reached into the 140s, and is now below 120. Is this one to sell? Wait for earnings on the 20th? Continue to hold because it'll definitely go back up? It's a big part of my portfolio and I'm struggling with what to do. [link] [comments]  |
| What indicator do you feel like doesn’t get enough love? Posted: 11 May 2021 07:08 AM PDT I'm asking this because: I know about some basic indicators like - MA and RSI. But there are a bunch I don't know about and I'm unsure which I should use being a mid-term trader. I just learned about the DMI indicator. It seems very useful (following trends and buying/selling pressure). But I don't know if it's more of a day trader indicator and thus, I should probably just steer clear of it. Thanks :) [link] [comments]  |
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