Daily General Discussion and spitballin thread - June 09, 2021 Investing |
- Daily General Discussion and spitballin thread - June 09, 2021
- Daily Advice Thread - All basic help or advice questions must be posted here.
- Lordstown Motors (RIDE) says that it doesn’t have sufficient cash to start commercial production
- The Love of Safety? Safe places to put money right now?
- Option prices and selling covered calls
- Thoughts on FAN and TAN etfs?
- NEWS: NVAX and Takeda to participate on panel discussion on Monday June 14th
- Dividend Contender Favorites??
- Help understanding day trades/unsettled funds
- 18% dividend yield Canadian stock
- Just received from IR: Helius Medical Technologies ($HSDT) to Participate in Noble Capital Markets’ Virtual Road Show Series
- Why ThredUp will crush Depop, Poshmarck and all the others.
- Is there a tool for telling what % of days a ticker finishes the day in the green?
- Fastly ($FSLY) network hit by outage, resulting in major sites being down earlier today. Stock down in pre-market.
| Daily General Discussion and spitballin thread - June 09, 2021 Posted: 09 Jun 2021 02:01 AM PDT Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here! This thread is for:
Keep in mind that this subreddit, and this thread, is not an appropriate venue for questions that should be directed towards your broker's customer support or google. If you would like to ask a question about your personal situation or if you are asking for advice please keep these posts in the daily advice thread as that thread is more well suited for those questions. Any posts that should be comments in this thread will likely be removed. [link] [comments]  |
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 09 Jun 2021 02:00 AM PDT If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq And our side bar also has useful resources. Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! [link] [comments]  |
| Lordstown Motors (RIDE) says that it doesn’t have sufficient cash to start commercial production Posted: 08 Jun 2021 01:20 PM PDT Electric-truck startup Lordstown Motors Corp. RIDE 4.25% disclosed in a new regulatory filing Tuesday that it doesn't have sufficient cash to start commercial production and has doubts about whether it can continue as a going concern through the end of the year. The company amended its annual report to include the going-concern notice, which can flag survival problems for businesses within the next 12 months. The warning comes as new challenges emerge for the two-year-old firm that is trying to convert a former General Motors Co. plant in Ohio to produce electric pickup trucks. It has said its first model, the Endurance, will start production in September. Lordstown Motors Chief Executive Steve Burns said on a call with analysts in late May that the startup would need to raise more capital to hit its target of building 2,200 pickup trucks by year-end. The company said at the time that higher-than-expected costs were accelerating its cash burn and that it would finish the year with between $50 million and $75 million on hand. The company was among a number of new electric-vehicle startups that went public last year through reverse mergers with special-purpose acquisition companies, or SPACs. Lordstown raised $675 million from its reverse merger last fall, a deal that valued the aspiring truck maker at about $1.6 billion. The company didn't immediately respond to requests for comment. [link] [comments]  |
| The Love of Safety? Safe places to put money right now? Posted: 08 Jun 2021 09:45 PM PDT I know everyone has their own opinions but I think the general market is way to high right now. I am looking to take my money and go into something safe. As a Canadian what are the best GIC's available? Ideally I'd like something I could pull out of any time without any fee or forfeit of all interest associated. What would the sub recommend as the go tos here in Canada. Or something different than a GIC? [link] [comments]  |
| Option prices and selling covered calls Posted: 08 Jun 2021 12:02 PM PDT I've been looking into selling covered calls as well as investing further in covered call ETFs. I currently have positions in QYLD and NUSI. I understand the basic components of a call option - intrinsic value and time value. However in reading about and listening to comments regarding the growth in the number of retail traders and what seems like a movement towards trading options something else struck me. Could the price of call options also rise due to an increase in demand (i.e. more traders are asking for them) for options? It seems this is similar to a situation where an ETF's share price becomes greater than the NAV price. I know there are mechanisms in place to address that when it occurs. I guess the increasing price of a call option could at some point make purchasing the stock a better bargain but that would introduce you to more downside potential. I hope this question makes sense but let me know if I'm missing something. Thanks [link] [comments]  |
| Posted: 08 Jun 2021 05:59 PM PDT I'm loving the energy transition to wind and solar and am willing to place a decent chunk of my assets in these industries. FAN and TAN both offer good exposure to these sectors, and TAN has appreciated more than FAN the last while, although both have pulled back. I'm thinking about opening a position in FAN for now given that the valuation of the underlying holdings is more reasonable and weighted more heavily to utilities. TAN has more industrials manufacturing panels, which is a race to the bottom and those seem heavily overvalued, especially if you dig into the statements of their top holdings. FAN top holdings have actually grown revenue recently. P/S for FAN is half that of TAN and ICLN. Just looking to start a discussion. I want to get into both, but right now TAN seems pricy. Thoughts? [link] [comments]  |
| NEWS: NVAX and Takeda to participate on panel discussion on Monday June 14th Posted: 09 Jun 2021 03:02 AM PDT Hi all I didn't see this announcement shared yet. It is a day old and very relevant I believe.
The panel will be on Monday afternoon and looking at the panelists, I get the feeling sth big is being announced: Takeda and NVAX are the companies present, then a member of the Coalition for Epidemic Preparedness and Center for Global Development Disclosure: I posted this to the r/NVAX subreddit but couldn't crosspost. I am somewhat new to reddit, so I hope this is a NoNo. [link] [comments]  |
| Dividend Contender Favorites?? Posted: 08 Jun 2021 02:50 PM PDT Since aristocrats are pretty much all at all time highs, I decided to look into contenders to add some value/growth to my dividend stocks. The list is pretty long so I was wondering if anyone had some favorites from the list? I recently added FLO, SJI, and OGE. MSFT is probably an obvious add. Although I don't own any yet. I wish this post didn't have to be 400 characters because that's pretty much all I have to say about it. [link] [comments]  |
| Help understanding day trades/unsettled funds Posted: 08 Jun 2021 12:54 PM PDT Okay so I have a margin account with webull. I don't have 25k, so I'm limited 3 day trades per week, I know that. I also know that with a margin account the settlement is T+1. So funds settle after 1 business day. What I'm confused about, is I sold X stock and wanted to purchase Y. I got a warning about funds being unsettled and that I should not sell stock Y that same day. As far as I'm aware, that scenario is a good faith violation. I emailed webull to understand better, and they said with a margin account GFV does not apply to me. But that made me even more confused. What would happen if I sell stock Y the same day? [link] [comments]  |
| 18% dividend yield Canadian stock Posted: 09 Jun 2021 06:54 AM PDT Newport Exploration Ltd. Additionally dividend is expected to increase for the next years to come. (Inflation) Newport explorations also has 0 debt. They have been profitable for a long time and if you see their revenue charts… they keep growing. Since 2015 they started to pay dividends quarterly. What does this company do? Copper, gold & oil. The best inflation fighting assets (see gold, copper and crude oil prices for yourself) So the big question? Why are they so cheap? Why are they not $2 or $3 per share? Well… 1. I'll start by saying not many of you have access to their market. (Canadian small cap market) 2. They're a small company so even if big investors wish to buy them by the millions… they'd have a very hard time without bringing the price to $5 per share. 3. The daily volume is 112,000 shares per day. That's about $40,000 USD daily exchanged in shares. Nobody really wants to sell this company, and those that do are very small investors… so this is why I took advantage. I myself have been accumulating shares for the last few days. I have about $67,000 Canadian dollars in this company. I shared this with friends and they went crazy about it.. so now that they're done buying. I decided to share this hidden gem here. Advice: when buying try not to drive the price up, if someone is selling 30,000 shares at $0.44, buy 29,500 shares, and wait for others to add to the selling position. This way you will not move the price and allow others here to join us. I'll try my best to check comments here and answer your questions but be warned, this is a true hidden gem and there are not many shares left to share… do your own research before asking me and act quickly! [link] [comments]  |
| Posted: 08 Jun 2021 01:16 PM PDT Hi I just received this from their newsletter I subscribed to and thought I'd share it here... NEWTOWN, Pa., June 08, 2021 (GLOBE NEWSWIRE) -- Helius Medical Technologies, Inc. (Nasdaq:HSDT) (TSX:HSM), ("Helius" or the "Company"), a neurotech company focused on neurological wellness, today announced its participation in Noble Capital Markets' Virtual Road Show Series, presented by Channelchek, which is scheduled for Thursday, June 10, 2021. The event will feature a corporate presentation followed by a Q&A session proctored by Noble Capital Markets' Senior Research Analyst, Joe Gomes, featuring questions submitted by the audience. The live webcast of the event is scheduled for June 10, 2021, at 1:00 p.m. Eastern. Register for the webcast here. A recording will be available on Channelchek and under the 'Events' section of the Helius Medical Technologies investor relations website at https://heliusmedical.com/index.php/investor-relations/events/upcoming-events. [link] [comments]  |
| Why ThredUp will crush Depop, Poshmarck and all the others. Posted: 08 Jun 2021 09:37 AM PDT If you are a long term investor, buying a company with a wide moat that will outlast the competition is a necessary element for long term success. While Poshmarck, Depop and all the others have gotten a head start by capitalizing in the growing second hand retail demand by Gen Z, as time goes by this customers will migrate to ThredUP in order to fulfill their needs. You see, as this generation goes to collage or starts getting jobs, they will no longer have the time (or it won't be worth it for them) to make listings, deal with buyers, packaging, labelling, shipping, deal with returns, etc... only to make $50-60. Consignment sales will dominate this industry and ThredUP is the only player capable of meeting those demands, owning distribution centers and being vertically integrated. ThredUP been a success as it has been able to find the perfect value between time and money. Their core base has been wealthy/middle class families that don't want to deal with the process of directly selling their clothes (not worth it) but still want to make a positive change in the environment while monetizing their clothes. Even with 72% gross margins and multiple facilities, they still can meet all the supply customers are trying to sell to them. It's even better when a large part of those sellers get paid and leave the money in the platform to use that cash for purchasing clothes on ThredUP, effectively making the company negative working capital. The way I see it is whoever gets the supply will be able to meet the demand. What moat does Poshmarck or Depop has to retain their buyers and sellers? Why would someone decide to spend two weeks to sell 3-4 items only to make $60 when you made that in one day with your regular job? As the space get's crowded and prices go down, incentives for individual sellers will go down and ThredUp will be there to capitalize on it. Consignments sales will represent a big part of the market and ThredUp has a huge moat around it. [link] [comments]  |
| Is there a tool for telling what % of days a ticker finishes the day in the green? Posted: 08 Jun 2021 11:03 AM PDT So I've been studying leverage strategies for some time and one of the details I'd like to pull about underlying tickers -- but don't seem to have access to through any online tool I'm aware of -- is how often (ideally expressed as a percentage) a particular security finishes the trading session higher than it started. Can anyone advise a platform, screener, brokerage tool, app, whatever which will let me input IDW or QQQ or whatever and see the % of days it historically has gained value? [link] [comments]  |
| Posted: 08 Jun 2021 05:03 AM PDT https://apple.news/AcxAzVc_yTiG5Y3VKpK02lw "U.S. equity futures turned lower Tuesday following reports of widespread outages of major global news websites, including the New York Times and Bloomberg, as well as the main internet portal of the British government. The gov.uk website reported a '503 Service Unavailable' error message around 6:20 am Eastern time, alongside similar connection failures from sites such as The New York Times, CNN, the London Guardian, Bloomberg and the Financial Times. TheStreet was also affected by the outage, as was the main TV2 broadcaster in Denmark. The outage follows a series of cyber attacks on U.S. companies and European agencies, including Ireland's state-controlled healthcare system, over the past few weeks. In fact, only yesterday, U.S. authorities said they had seized more than $2.3 million in ransom payments, made via Bitcoin, linked to last month's cyber attack on the Colonial Pipeline by the Russia-based network known as DarkSide. Futures contracts tied to the Dow Jones Industrial Average, which has previously indicated a modest opening bell gain, slumped 60 points following news of the disruptions, while those linked to the S&P 500 reversed a 5 point gain to indicate an opening bell decline of 0.5 points. Benchmark 10-year Treasury note yields also eased to 1.554% while the dollar index held its gains to trade at 90.097. Shares in Fastly (FSLY) , a content delivery network provider, were marked 5.4% lower at $47.98 each amid reports that its network of proxy servers and data centers in various countries around the world were linked to the global outage." OP Note: As somebody whose largest single name holding is Cloudflare I woke up to these alerts about a service provider outage and was praying it wouldn't be Cloudflare. Now that this has happened to their biggest competitor, and the last earnings call was one where Fastly missed while Cloudflare beat, could it push even more big clients and rip the scales for Cloudflare to pull away in this battle? [link] [comments]  |
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