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    Stock Market - The beauty of buy and hold

    June 01, 2021

    Stock Market - The beauty of buy and hold

    The beauty of buy and hold

    Posted: 01 Jun 2021 12:02 PM PDT

    #SickAndTiredOfBeingSickAndTired

    Posted: 01 Jun 2021 06:15 PM PDT

    Decided to only buy stocks I'm willing to hold for at least a year to get the lower capital gains tax rate. Holding NVDA since $14 in 2013.

    Posted: 01 Jun 2021 07:26 PM PDT

    Me thinking about AMC, patiently waiting for the squeeze.������

    Posted: 01 Jun 2021 03:51 PM PDT

    Buy Low, Sell High but not TOO High

    Posted: 01 Jun 2021 04:07 PM PDT

    Mudrick Sells Entire AMC Stake, Calling Shares Overvalued

    Posted: 01 Jun 2021 07:09 PM PDT

    Her bio said she only dates guys who understand finance

    Posted: 01 Jun 2021 02:56 PM PDT

    The streaming wars have become the takeover wars

    Posted: 01 Jun 2021 04:42 PM PDT

    Here is a Market Recap for today Tuesday, June 1, 2021

    Posted: 01 Jun 2021 01:19 PM PDT

    PsychoMarket Recap - Tuesday, June 1, 2021

    Stocks traded mixed today, with the S&P 500 (SPY) and Nasdaq (QQQ) modestly declining while the Dow Jones (DIA) gained roughly 0.1%. After a volatile beginning to the May, it seems over the past several weeks fears of fast rising inflation causing the Federal Reserve to prematurely tighten monetary policy have tempered. As I have said for weeks, I thought the selloff in the first two weeks of May, that saw the SPY lose 4% in a few days, was overdone, and am very encouraged by the price action in the market recently.

    Last week, members of the Federal Open Market Committee once again reassured market participants that they see inflationary pressures as "transitory" and do not think a shift in monetary policy in the near-term is warranted. 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 Federal Reserve, also 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."

    Looking ahead, market participants are anxiously waiting for the May Jobs Report, which will be released this Friday. This report will highlight the state of economic recovery, showing whether the labor market has managed to further recover following the extremely disappointing April Job Report. Importantly, the job reports are also used by the Federal Reserve to ascertain if the economy is getting closer to its employment goal, at which point monetary support will begin to taper.

    Highlights

    • Late last week, President Joe Biden unveiled a $6 trillion budget proposal for fiscal 2022, which would include a number of proposals around improving the country's infrastructure, educational resources and health care system and which would be funded in part by higher taxes.
    • Construction spending rose only 0.2% in April over March, a sharp deceleration compared to March over February. Spending rose only 0.2% compared to 1% in March.
    • "Meme stocks" continue their strong performance from last week, with AMC gapping up more than 20% again today. Crazy stuff!
    • Coinbase (COIN) announced customers would be able to fund their account using Apple and Google wallets
    • The price of Tesla vehicles is increasing due to supply chain pressures across the auto industry, particularly for raw materials, Elon Musk said on Monday via Twitter.
    • **Please note that current stock price was written premarket and does not reflect intraday changes*\*
    • Dollar General (DG) target raised by Deutsche Bank from $226 to $231 at Buy. Stock currently around $203
    • Goldman Sachs (GS) target raised by Piper Sandler from $385 to $420 at Overweight. Stock currently around $372
    • Hess (HESS) target raised by Wells Fargo from $86 to $98 at Overweight. Stock currently around $84
    • UnitedHealth Group (UNH) target raised by Bank of America from $450 to $522 at Buy. Stock currently around $412
    • UPS target raised by Citigroup from $220 to $235 at Neutral. Stock currently around $215
    • The Gap (GPS) target raised by Deutsche Bank from $36 to $38 at Hold. Stock currently around $33.4

    "Someone's sitting in the shade today because someone planted a tree a long time ago." - Warren Buffet

    submitted by /u/psychotrader00
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    Morning Update for Tuesday, 06/01/21

    Posted: 01 Jun 2021 05:56 AM PDT

    Good morning everyone.

    This list is geared towards day trading. With the momentum watchlist especially, I am typically in and out very quickly, only occasionally longer than a couple minutes, usually faster scalps. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management for your account.

    Main Watchlist:

    Gapping UP: BABA, NIO, AMD, BA, UAL, CLDR, AMC

    Gapping DOWN: ZIM, CVAC, LEDS

    Momentum Watchlist

    • VTNR (+25%): Up on momentum from past couple days of trading, as well as another price target upgrade. Seeing good volume and price action in premarket. Could see more upwards movement today with the momentum, but I'll be cautious, as this could get over-extended.
    • OEG (+45%): Up after announcing its recently acquired subsidiary reached an agreement for a 700-mile construction project in Mississippi. Seeing strong volume and price action at the moment, I'll be watching to see if the momentum continues.
    • LCTX (+10%): Up after reporting additional cases of retinal tissue restoration in patients treated with their drug. Seeing okay volume and price action in premarket. Daily chart looks bullish so I'll be keeping an eye on this one.
    • AKBA (+8%): Up after FDA set action date for their anemia drug. Seeing decent price action and volume in premarket.
    • APOP (+13%): Couldn't find a relevant catalyst. Daily chart looks bullish, so I'll be keeping an eye on this one.

    Market Outlook:

    The market is showing strength this morning, and stocks are looking to open higher after the long weekend. SPY is trading just over 422, and we should finally see that push to new ATH. DIA is a bit further off from ATH levels, trading just above 348. Tech stocks are up in premarket, but lagging a bit behind the overall market. Gold and silver are green at the moment, and crude oil is up quite a bit this morning. Bitcoin is currently trading around 36,400, and most cryptos look pretty bearish at the moment. Crypto-related stocks are somewhat mixed in premarket trading. Marijuana stocks are showing some strength in premarket trading and are worth following with some potential upcoming catalysts. HITID (new ticker HITI) is being uplisted to Nasdaq today, so it will be one to watch in the near future. Meme stocks are also showing signs of continued strength, and will be worth following this week.

    Remember to use proper risk management, by making sure you size appropriately for your account and have a plan for every trade you enter (both for taking profits and cutting losses). Happy trading everyone :)

    submitted by /u/vanturetrading
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    A serious question about stock option contracts. Please help!

    Posted: 01 Jun 2021 03:12 PM PDT

    Earlier today, while the markets were open, I decided to buy my first option contract. I've been reading up on how options work, what everything means, and how to choose one for a month or two. Unfortunately, I might need a lot more learning in the subject.

    I'll explain what I did, what option contract, and as many details as possible. I had a few hundred bucks in my TD Ameritrade account so I invested in an AMC option.

    The order was filled as follows:

    "Buy to Open 1 Contract @ 4.45 AMC June 4 2021 30.00 W Call"

    Then, when the price of AMC reached $31+, I decided to sell and that order was filled as follows:

    "Sell to Close 1 Contract @ 5.41 AMC June 4 2021 30.00 W Call"

    I didn't see any of the money from it moved into my TD Ameritrade accounts such as "Cash available for trading" or others. So one of my first questions to anyone here that knows the answer(s) is, did I do everything correctly? When will I seen the money from selling that contract so I can use it to buy more shares?

    Please help me understand what I need to do or what's happening so I don't need to panic. Thank you! I greatly appreciate any answers you can give me!

    submitted by /u/Von_Miller
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    SoFi shares rise after debut on Nasdaq

    Posted: 01 Jun 2021 10:44 AM PDT

    Did anyone else get this for Pinterest ?

    Posted: 01 Jun 2021 02:12 PM PDT

    LLNW is a Hidden Gem

    Posted: 01 Jun 2021 11:05 AM PDT

    Limelight Networks, Inc. (LLNW) provides content delivery network (CDN) services in the United States, Europe, and the Asia Pacific.

    Their main products include:

    • Content Delivery
    • Video Delivery
    • Edge Computing
    • Cloud Security
    • Origin Storage

    They operate in the following industries:

    • Media and Broadcasters
    • Software and Device Manufacturers
    • Retail and Ecommerce
    • Gaming

    Limelight has one of the world's largest private global networks, enabling their customers to bypass internet congestion and avoid many security potholes. Optimized for the highest performance, their infrastructure includes:

    • 95+ Tbps egress capacity and 100GbE private fiber backbone connected to 1,000+ ISP and last-mile networks
    • ~135 Points of Presence around the world, unlike other cloud solutions that restrict your presence to a handful of datacenters
    • Dense architecture with industry-leading 98% cache-hit efficiency
    • Industry's highest performing origin storage solution
    • Global edge processing capabilities that enable real-time applications and workflows

    Limelight has developed and optimized their own software stack to deliver industry-leading performance over any connection type. Limelight also offers a fully-integrated suite of software services. Developers can integrate Limelight services into their workflows, and build innovation and efficiency with developer tools and edge compute. Operations teams can use secure web portals for hands-on control. Capabilities include:

    • Integrated video packaging, delivery, and Online Video Platform
    • Sub-second real-time live video streaming
    • Unique high-speed purge with integrated reporting and the ability to remove >1 billion objects globally in less than a second
    • Global WAF and DDoS protection on a 100% TLS/SSL-enabled network for secure delivery without sacrificing performance
    • Developer tools to manage and monitor Limelight services
    • Edge compute including serverless, bare metal and virtual machine offerings

    Here is a link to their Q1 2021 Investor Presentation.: The Limelight Story (q4cdn.com)

    In 2020 they had $24.5 million in earnings on $230 million in revenue. Their current share price is hovering around $3 with a market cap of only $389 million. They are HUGELY undervalued, in my opinion. They are a growing and profitable company in a massively growing industry and poised to capture an increased market share.

    I see this as a great opportunity to invest in a small tech company involved in the next generation of content delivery. Just my opinion of course. I do own both shares and options. Options are very attractive.

    submitted by /u/SpittinOpinions
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    Another record earnings report

    Posted: 01 Jun 2021 05:25 PM PDT

    Tue, June 1, 2021, 3:05 PM

    Fourth Quarter Revenue of $95.1 Million Represented 142% Annual Growth; Fiscal 2021 Revenue of $313.6 Million Increased 126%

    Fiscal 2021 GAAP EPS of $0.57 and Non-GAAP EPS of $0.74 More than Tripled Year-Over-Year, Showcasing Operating Leverage and Accelerating Profitability

    https://finance.yahoo.com/news/digital-turbine-reports-fourth-quarter-200500420.html

    submitted by /u/rawhide338
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    Market Map 6/1

    Posted: 01 Jun 2021 09:43 AM PDT

    Market Status 6/1/2021

    Posted: 01 Jun 2021 04:30 PM PDT

    Market Status 6/1/2021

    Market Status: Uptrend (5/5)

    Still being in the beginning phases of this new uptrend, the $QQQ gained a new distribution day today (closing lower than the previous day on higher volume). Is that a bad thing?

    NO! It may be a good thing because distribution days are healthy for the market most of the time. On a positive note, the $SPY lost a distribution day today, and two more are to drop off this week. For the $QQQ, two distribution days are to drop off this week. And to add, most of the distribution days in the $SPY and $QQQ are in the "less significant zone."

    On a general note, the market is looking strong for now, and buying during market uptrends gives you a significant advantage since most stock prices are rising.

    ​

    https://preview.redd.it/qahj15r6oq271.png?width=1080&format=png&auto=webp&s=60d197e97f235ca34cf6985238e02d0d7db027a1

    submitted by /u/Fly-Elevated
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    My Watchlist For 6/2/2021 -- June Is Already Dope

    Posted: 01 Jun 2021 04:26 PM PDT

    Please poke some holes in this portfolio

    Posted: 01 Jun 2021 07:58 PM PDT

    The beauty of buy and hold Pt. 2

    Posted: 01 Jun 2021 01:46 PM PDT

    Looking back we see obvious investments. What are your obvious investments looking foward?

    Posted: 01 Jun 2021 01:41 PM PDT

    Mine are beyond meat and shorting Stobart group.

    Stobart group have been on an extended decline for a very long time I expect that bankruptcy could appear in the following years. I am afraid of large fluctuations and a mini short squeeze with all the hype based around them at the moment.

    Beyond Meat is a long term investment. I believe that as artificial meat becomes noticibly cheaper than normal meat there will be a huge market which beyond meat is primed to take advantage of.

    Another long term investment that I have not found yet is self-driving vehicle software. In the future, I can see that some countries will enforce self driving only and pay a fee to a company to have it installed via taxes. This will save the country significant money is the long run leading to social gains

    submitted by /u/red_devil_cdr
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    Elon Musk’s Tesla tweets violated settlement agreement

    Posted: 01 Jun 2021 06:56 PM PDT

    SEC officials pointed to a tweet on May 1, 2020, in which Musk said that Tesla's stock price was "too high," prompting a more than $13 billion decline in the company's market value, according to the report. The SEC also pointed to Musk tweets from 2019, where he discussed solar roof production numbers without obtaining pre-approvals, the Journal said

    https://www.cnbc.com/2021/06/01/sec-said-elon-musk-tesla-tweets-violated-settlement-agreement-per-wsj.html

    submitted by /u/valueinvesting_io
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    Enthusiast Gaming Holdings Has Great Financials with a Great Leader at Their Helm.

    Posted: 01 Jun 2021 12:51 PM PDT

    NASDAQ: EGLX
    TSXL EGLX

    Enthusiast Gaming Holdings Inc., is building the largest media and content platform for video game and esports fans to connect and engage worldwide. Combining the elements of its four core pillars; Media, Talent, Esports and Experiences, Enthusiast Gaming provides a unique opportunity and integrated approach to reach and connect with its coveted GenZ and Millennial audience.

    We all know the scope, reach and potential for any company to flourish in the gaming industry. Its completely mainstream now with companies such as Amazon owning Twitch, and multi-million dollar events globally. Nearly half the worlds internet traffic is pushed towards gaming entities, the other are just taking a nap.

    The CEO of the company, Adrian Montgomery may not be a hardcore 12 hour a day gamer, but he sure knows his way around making a company profitable. Most recently he served as the president and CEO of Canucks Sports and Entertainment, one of Canada's premier sports organizations. Former President of a Capital Management company that pulled in over $700 million of annual revenue. Yes, I said $700 million. Lastly, he has also been active in the political space by being an advisor for all levels of government while being a member of the New York Bar Association. Amazing figurehead to have on the team.

    The company owns legendary ESport brand Luminosity Gaming, the Vancouver Titans, and Seattle Surge. They also own and operate 3 other Professional ESports Teams.

    The financials are also import, so lets take a look:

    • Year ended comparison of 2019 - 2020
      • Revenue grew more than 6x from $11M to $72M YoY
      • Balance sheet went from $1M in assets in 2018, to over $220M in 2020. Incredible growth
      • Long-term debt is sitting at only $27M
      • Total liabilities also low at only $80M.

    SP has also been doing very well, YTD almost 100% gain.
    52-week range sitting at 1.38 all the way to 11.10. Get in before it keeps taking off again

    ​

    Stay safe, this is not financial advice!!

    submitted by /u/OleReliable97
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