Stocks - r/Stocks Daily Discussion Wednesday - Jun 02, 2021 |
- r/Stocks Daily Discussion Wednesday - Jun 02, 2021
- AMC to Offer Free Popcorn and Exclusive Screenings for Investors
- So mad about $AMC and my 100 shares i had when $2...
- Are meme stocks just one huge pump and dump?
- Transferring money out of brokerage account to bank account. Will this raise any alarms?
- Etsy to Acquire Global Fashion Marketplace Depop For $1.6B
- The pretense of knowledge: my bear thesis.
- Blood In The Water?
- Digital Turbine a Sleeping Giant
- What is causing volatility down so much today?
- Where would you invest?
- PetMed Express (PETS) is up over 35% today on no news.
- HELP: Are antique stock certificates that are endorsed/signed on the back automatically “bearer certificates” and negotiable for anyone?
- Posh Mark???
- How to get stock news?
- 20y/o getting into stocks and starting a Roth IRA, Need advice please :)
- Do you sell before market closes?
- Thoughts on buying undervalued companies that you think make bad or inferior products?
- Help setting a portfolio goal: To get to a point where I can net $ 20K a year off dividends. What should be my target?
- SBBP - Strongbridge sold to Xeris
- Here is a Market Recap for today Wednesday, June 2, 2021
- Why did my stop-limit fill?
- r/Stocks Discuss Overlooked Stocks Wednesday - Jun 02, 2021
- 401k options
| r/Stocks Daily Discussion Wednesday - Jun 02, 2021 Posted: 02 Jun 2021 02:30 AM PDT These daily discussions run from Monday to Friday including during our themed posts. Some helpful links:
If you have a basic question, for example "what is EPS," then google "investopedia EPS" 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. Please discuss your portfolios in the Rate My Portfolio sticky.. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| AMC to Offer Free Popcorn and Exclusive Screenings for Investors Posted: 02 Jun 2021 05:03 AM PDT Full Article Here: https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html On Wednesday, the movie theater chain launched a new portal on its website just for its retail investors. The site, which requires stockholders to self-identify and sign-up for the chain's loyalty program, contains "special offers" and company updates. One of those special offers is a free tub of popcorn. AMC's retail investors have propped up company since January, sending the stock up more than 1,400% in the last five months. Shares were up more than 20% in premarket trading Wednesday. The company said it had 3.2 million individual shareholders as of March 11, who own about 80% of the 450 million shares outstanding. Many of them were inspired by the r/wallstreetbets Reddit page to purchase the stock. The forum selected several companies that were being shorted by large hedge fund groups and decided to take action. CEO Adam Aron has praised these investors for their support. The company delayed its annual shareholders meeting by more than a month in order to give these investors an opportunity to attend the event and "make their important voices heard." Aron and AMC both plan to donate $50,000 to the Dian Fossey Gorilla Fund — a clear nod to these new investors, who call themselves apes and refer to Aron as "Silverback." AMC also has shifted its communication style to speak directly with shareholders via social media, including YouTube. Aron has even taken a renewed interest in Twitter, "following" hundreds of accounts tied to the "ape army." AMC Investor Connect is the next step in the company's strategy of connecting with these investors. The platform provides shareholders with exclusive promotions, like free or discounted items and invitations to special screenings, as well as direct communications with Aron. "During my five-plus year tenure as CEO at AMC, I've taken great pride in the relationships I have forged with AMC's owners," Aron said in a statement Wednesday. "With AMC Investor Connect, that effort in relationship building will continue apace even if our shareholders now number in the millions. After all, these people are the owners of AMC, and I work for them." [link] [comments]  |
| So mad about $AMC and my 100 shares i had when $2... Posted: 02 Jun 2021 10:47 AM PDT Back before i even knew there was all this hype just seemed like a reopening play... sold at like $4-$6 or something like that so it's still a little profit, but dammit seeing it about touch $70 realizing i could have between $6K-7K that really would've came in handy even after having to pay the tax man. I mainly trade fidelity IRA/HSA, but that would've pumped up my webull nicely and that's an individual account i could've pulled from if and when needed... even after a 35% tax would still be a $4000 or so profit. I'm not sure it's a stock you can hold a year for less taxes pay the tax man and take your gains or it's gonna be $2 again. [link] [comments]  |
| Are meme stocks just one huge pump and dump? Posted: 02 Jun 2021 06:05 AM PDT Because to me it makes no sense how billion dollar hedge funds would still be holding shorts for these stocks after the initial RH shutdown fiasco where they tanked the price and could have easily covered then. Are the current prices due to hedge funds playing the other side of the field and pumping it massively to recoup their losses based on this popular conception that these stocks have tons of naked shorts and synthetic shares that aren't covered yet? [link] [comments]  |
| Transferring money out of brokerage account to bank account. Will this raise any alarms? Posted: 01 Jun 2021 04:37 PM PDT Let's say I sell stocks and want to transfer funds to a saving account at the local bank. Would it raise any alarms if I transfer 5k, 10k, 20k, etc? I'm fairly new to investing, but curious how this is handled. [link] [comments]  |
| Etsy to Acquire Global Fashion Marketplace Depop For $1.6B Posted: 02 Jun 2021 04:31 AM PDT Etsy to acquire London's second-hand fashion marketplace Depop for $1.625 billion. Depop will continue to be headquartered in London, England, and operate as a standalone marketplace under its existing leadership team. Following the close of this transaction, Etsy will operate three highly differentiated, non-commoditized e-commerce brands: Etsy, Reverb, and Depop. [link] [comments]  |
| The pretense of knowledge: my bear thesis. Posted: 02 Jun 2021 09:19 AM PDT "The future is better foretold in the streets than in the morning news" One thing I'm exploring lately is how people on the ground tend to have a better read on things than "experts". Obviously this is not always the case, and I think when it comes to things like Covid and stuff it's best just to follow the restrictions and what not. But immunology is deeply rooted in science, and is easily testable. I have a degree in economics, so I'm not one to sling the profession through the mud. But I think that some economists are attempting to bring a degree to certainty to the field that simply is not realistic. F.A. Hayek talked about this. Economist William White, who predicted the '08 crash, also talked about this. I'm not the only one saying it. I recently read in a book, The Shadow of the Wind, by Carlos Ruis Zafón, a passage that struck me. I will provide the original text in Spanish, for those who speak it, as his words are far more beautiful than my subpar translation: "Era un buen lector de la historia y sabÃa que el futuro se leÃa en las calles, las factorÃas y los cuarteles con más claridad que en la prensa de la mañana" "He had a good read on the future, and he knew that the future was better foretold in the streets, in the factories, and in the troop quarters than in the morning news." The '08 Crisis When the real estate bubble burst in '06, and the financial system came toppling down in '07-'08, economists and central bankers were left scratching their head. They would eventually say that it was impossible to see this coming, but in the Federal Crisis Inquiry Commission report, they debunked this, and said that there was plenty of warning. People on the ground at mortgage originator firms saw it coming. Consumer advocacy groups saw it coming. People at ratings agencies saw it coming. But at all levels they were ignored. There was an assumption that somehow, via technology and financial engineering, we had beaten the system and unlocked a new paradigm. But Michael J. Burry saw it coming. He was a bit of an outsider, and it's no surprise to me that he would be the one to take a wider look at things and say, "wait a minute". Peter Schiff saw it coming. I have mixed feelings about him, as he has strong (and oftentimes incorrect, IMO) political views. But what I like about Schiff is that he doesn't pull any punches. He didn't buy it when Bernanke said "subprime is contained". A lot of people did. The market did. 2021 - Anecdotes from the ground My mom traded in her car yesterday and she told me she was surprised that the were willing to give her $11,000 for it. It wasn't in bad condition, but this amount was surprisingly high to both of my parents. She told me that a year or so ago they took the car into the shop because it was making a funny noise. They paid a lot of money to have it checked out, but no problem or solution was found. My mom mentioned this to the people at the dealership, and they even took it for a test drive. No problem. They were willing to give her the full $11,000, no more questions asked. To me this looks like speculative behavior. Used car prices are going through the roof due to, not only decreased supply, but more importantly to increased demand, with so much free money sloshing around in the system. And since prices keep going up and up, the dealers were eager to buy her car so that they could later flip it, regardless of the state it was in. Sound familiar? How about Warren Buffet saying he's seeing massive price increases all across the board? What about the boom in that which shall not be named in this sub? Look at the meme stocks. Look at Archegos. Look at Tesla. Speculation is running rampant right now. Last night I heard Josh Brown on CNBC say "let's not overcomplicate it, it's goin' north!" Ie, the trend is up right now, so it's going to keep going up. What in the world kind of analysis is that? In addition, the S+P 500 hasn't had a serious downturn since 2008... remember, stocks always go up, right? Covid doesn't count. It barely scratched the market, and the rebound has been insane. I follow a channel on YouTube called Everything Money (highly recommended, this sub won't let me link it). The main analyst, Paul, has been investing since just before the dot-com bubble. He knows that it's NOT normal for stocks to always go up. This guy isn't an economist. He's not a new investor. He's not some pundit. He's an investor who has been battle-tested. He's a guy on the ground. He knows this isn't normal. The Stubbornness of Ineffective Paradigms In my own job as an English-as-a-foreign-language teacher, I have seen how many teachers stubbornly cling to ineffective methods that don't work. I had one friend today tell me that "this is coming from a place of ignorance, but I don't think their method of focusing on grammar works". I told him, in this case, your ignorance is more insightful than their "expert" methodology. He is correct, as my best students are those who do less grammar and have more exposure to real English. It is the teachers who think they have to micromanage their students' learning who simply end up getting in the way. We can't engineer the ability to speak a foreign language... all we can do is provide contact to it, and just like a baby learning their native tongue, eventually it starts happening. Yet teachers cling to the false notion that it is through their deliberate efforts that students will learn. And if such an ineffective paradigm can persist so stubbornly in this environment, why not in others? How about the war on drugs? Can we simply force people to stop taking drugs? Does it make any sense? No. But people don't like to change their views - they cling to them. And I believe economists, the Fed, and the market are clinging to the view that we can predict the market, and as long as we make the right adjustments (via QE and fiscal policy), we will be OK. F.A. Hayek would call this "the pretense of knowledge". Conclusion I don't know what's going to happen, and hey, I could be wrong. Maybe stocks will always go up and we'll just avoid any major crises from here on out. It could happen. The issue is that the bulls and the central bankers never even seem to posit the idea that "hey, I could be wrong". To them it's science. Physics. Math. That's the economy; that's the market. But the market is not science. We can do our best to try and understand it, but IMO, part of having a true understanding of it is realizing that we will never be able to figure it out entirely, and then planning our policies in such a way that takes into account our limitations. I'm predicting that this situation is not sustainable, and I'm predicting that we are going to see some sort of crisis in some ways comparable to 2008. I believe that ultra-easy monetary policy and the resulting extraordinary levels of public and private debt are going to end up causing some sort of crisis. I also believe that inflation will be a problem, and perhaps a serious one. I'm not shorting anything because I recognize that I could be wrong. I'm still learning and developing my theory every day. But I am playing things very, very conservatively. I am going to take the step to post this, because by taking a position I will either learn through being correct, or learn by being proven wrong. The worst thing anyone can do is take no position at all and neither succeed nor fail at anything, and thus guarantee that they never learn or advance in any way whatsoever. Good luck to everyone. [link] [comments]  |
| Posted: 02 Jun 2021 09:04 AM PDT I can't help but think, with all these amazing gains being made in GME, AMC, and even BBBY, what will be the fall out from all of this. Not matter where you fall on the argument whether these are the hedge funds moving the needle or retail traders, it makes me think this has fundamentally changed the zeitgeist of the investing world. Even if it is just regulated to spaces like Reddit, when you have Cramer tweeting about it and calling attention, I wonder if future funds already have plans drawn to push other obscure stocks they have massive positions in. I might have my tinfoil hate on, but I feel this space is monkeys in a barrel to propel any stock sky high with funds working to guide the conversation? [link] [comments]  |
| Digital Turbine a Sleeping Giant Posted: 02 Jun 2021 11:01 AM PDT Digital Turbine (APPS) is a mobile advertising company growing at 140% yoy at the moment. They have a positive cash flow and just projected 2022 fiscal to be 3x rev of 2021 with around 1b. Been following them for a while and they typically sandbag all of their projections. Right now they are valued at 5.5b which is criminal in my mind for the growth they are projecting but still we are talking about high multiples which scares some value investors. I am using this consolidation period to add to my position. The future looks bright but are they just a casualty of the market cycle at the moment? [link] [comments]  |
| What is causing volatility down so much today? Posted: 02 Jun 2021 08:46 AM PDT Looking at VIX, it's down so much, again closer to 52-week low. And I'm seeing so much money flow back into many of what rallied back in the beginning of this year, most of which are small cap and growth. I see so much confidence shifting back from the value to the growth now. People are now more certain than ever that inflation/tapering isn't an issue until the next year? Is this the main reason why the volatility is and will be down for awhile? [link] [comments]  |
| Posted: 02 Jun 2021 07:40 AM PDT Hey guys - so i have about $5k to add to my existing positions. I am thinking between Apple, AMD, Beyond Meat, Nvidia. Or should i open a new position - my thoughts are tolling towards Netflix or Shopify? Just want to add that my portfolio is a long term investment. This is hard.... agh! [link] [comments]  |
| PetMed Express (PETS) is up over 35% today on no news. Posted: 02 Jun 2021 11:00 AM PDT Anyone have any insight into this? I've searched everywhere and I can not find any news at all in the last 24 hours that would justify a 35% price jump. I took my 35% gain and will buy in the morning once it settles down. [link] [comments]  |
| Posted: 02 Jun 2021 09:05 AM PDT I have spent hours researching this topic, with no luck. My father (a retired antique dealer) has tasked me with figuring out whether a collection of old stock certificates have any negotiable value. But before I research the individual certificates, I need to know whether he could even legally claim any possible $ the stocks might be worth. According to pretty much every source I've read, you need proof of ownership or family connection to claim and endorse a certificate. But from what I can tell all those sources were referring to certificates that were never signed/endorsed by the original owner (which is typically the case when people find old stock certificates). But what if the person who owned the stock already SIGNED/ENDORESED IT on the back? That's the question I can't find a definitive answer to. Of the many old stock certificates my father got in various auctions and other lots of old paper and antiques over several decades, a couple dozen were actually endorsed on the back and never canceled. Even though he is not a relative of the original (long-deceased) owners, does the fact that the stock certificates are already endorsed make them automatically "bearer certificates," and my father eligible for any funds they might be worth? I would really appreciate any help figuring out how to answer this question! [link] [comments]  |
| Posted: 02 Jun 2021 11:09 AM PDT Everyone I know who sells and buys used clothing uses Poshmark, why has the stock had so little growth? It's a leader in the used clothing sector and Its IPO debuted pretty high but has completely fallen, hovering around $45. Why is it so undervalued? I'm interested in the company, but what is the general consensus about their growth potential? [link] [comments]  |
| Posted: 02 Jun 2021 10:47 AM PDT How can I get news from major corporations that might effect their stocks? Like the BBBY news, I want a source for that kind of stuff that will notify me when the company makes a big decision/announcement. Thanks :) [link] [comments]  |
| 20y/o getting into stocks and starting a Roth IRA, Need advice please :) Posted: 02 Jun 2021 08:46 AM PDT Hello! I'm a 20 year old college student currently working full time and have been since the beginning of 2021 to August. I've gotten a lot of advice about starting a Roth IRA as a good use of my savings. I've only recently gotten into the Stock market and have RH (bad, I know) and Binance accounts where I haven't withdrawn anything out (long term holding most of it). However, I have also started a Fidelity Brokerage and Roth IRA account and planning to transition from RH to Fidelity completely. I have some questions about all of this if anyone could give me some advice: 1) Am I able to transfer stocks (ETFs) from a brokerage account into my Roth IRA account? (from RH -> Fidelity Brokerage -> Roth IRA). Would you recommend this? 2) I plan to put in around 4000-6000$ in my Roth IRA in 2021. How would I best use this money on investments? Should I just keep it simple and buy ETFs and what ones are best? Any advice and tips and knowledge appreciated! Thank you! [link] [comments]  |
| Do you sell before market closes? Posted: 02 Jun 2021 10:34 AM PDT I'm not that experienced with trading, only really started investing at the end of last year and everything I have invested in, with the very little money I put into it (testing period) I have held for long term. I suppose I have answered my own question here, but I know a lot of people don't like holding stocks over night. Do you hold on market close or do you keep hold? And if willing, why? Trying to learn. Many thanks 😊 [link] [comments]  |
| Thoughts on buying undervalued companies that you think make bad or inferior products? Posted: 02 Jun 2021 12:32 PM PDT I've identified some undervalued stocks, but I also think those companies make bad or inferior products. For example (not actually thinking about buying it), Netflix stock might be at a good price, but I don't like their library and believe other streaming apps offer much better content. As another theoretical example, Ford (naming purely for illustrative purposes) might be at a good price, but I think they make worse and more unreliable vehicles compared to Asian or European manufacturers. [link] [comments]  |
| Posted: 01 Jun 2021 08:08 PM PDT For where I'm at in my brokerage account, I want to get it to X $ in the account. When I get to X $ in the account, I'll move my money into a position where it pays me 20K a year in dividends. What $ do I need X to be? What would you shift the $ into once you hit X? Completely different discussions & opinions on how to get to X, but it'd be very helpful to have a goal for X. (*Brokerage account for being able to access the money, this could land you a much nicer house for monthly payment help, buy a boat, let ya live a little) [link] [comments]  |
| SBBP - Strongbridge sold to Xeris Posted: 02 Jun 2021 01:47 PM PDT I have recently started doing some individual investments outside of my 401k which goes into mutual funds. I only have 57 shares in this company, but I still want to understand what is happening. Strongbridge sold to Xeris and now E-Trade shows three different law firms are investing the company to see if they broke the law and whether they were fair to shareholders. Here is the jist of the deal: Strongbridge Biopharma plc (NASDAQ: SBBP) was sold to Xeris Pharmaceuticals, Inc. Under the terms of the merger, Strongbridge shareholders will receive 0.7840 shares of the combined company and 1 contingent value right ("CVR") for each Strongbridge share that they own. The CVR is worth up to $1.00 in cash or stock of the combined company upon achievement of certain triggering events. Can someone explain what I am in for here in simpler terms? I am thinking about just closing minimal position. [link] [comments]  |
| Here is a Market Recap for today Wednesday, June 2, 2021 Posted: 02 Jun 2021 01:41 PM PDT PsychoMarket Recap - Wednesday, June 2, 2021 The three major indexes traded roughly flat in an otherwise action-packed day. The rally in the movie-theater company AMC went to another level, with the company gapping up more than 100% today (up roughly 255% in the week, 570% for the month). AMC now has a larger market cap (roughly $30 billion) than Gamestop (GME) ever did at the height of its rally. In other news, market participants continued digesting incoming economic data reports. The month-long battle between short-sellers and retail investors took another drastic turn, with AMC rocketing up, reaching as high as $72.62 and overtaking Gamestop (GME) in terms of market cap. This year has been nothing short of insane and vividly demonstrates the power retail investors are gaining. Shares of other so-called "meme stocks" that have risen in prominence on Reddit this year also gained on Wednesday. Bed Bath & Beyond (BBBY) gained more than 60% while Naked Brand Group (NAKD) and BlackBerry (BB) were up 28% and 30%, respectively. Shares of Gamestop (GME) were up roughly 13%. New economic reports showed more signs of disruptions in the supply chain. The Institute of Supply Management's headline index of the manufacturing sector beat analyst estimates but showed production remains constrained by a rise in prices in key materials and labor shortages. The report found that companies and their suppliers "continue to struggle to meet increasing levels of demand", noting that "record lead times, wide scale shortages of critical basic materials, rising commodity prices and difficulties in transportation products are continuing to affect all segments." As the economy in the US reopens thanks to effective distribution of the vaccine, supply is having a hard time catching up to rising demand, which of course, causes a rise in prices. The ISM's headline index registered a reading of 61.2 in May, an increase from April's reading of 60.7 and the 12th straight month the index has indicated expansion in the sector. Any reading for this index above 50 indicates the sector growing faster; readings below indicating contraction. However, it's important to note that as the economy continues to reopen and the labor market improves, material constraints and supply chain are expected to be resolved. And as supply starts to meet demand, the rise in prices in key commodities and consumer goods is expected to slow down. In a nutshell, this is why Jerome Powell and other monetary officials consistently refer to current inflationary pressures as expected and transitory and have expressed no desire to tighten monetary policy in the near-term. In an April 28 meeting, Jerome 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." 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
"The only guarantee for failure is to stop trying." - John C Maxwell [link] [comments]  |
| Posted: 02 Jun 2021 12:56 PM PDT I placed a stop-limit with a stop at 14.8 and a limit at 14.4. The price was at like 15.5 and my order filled. The price is now at 15.2, but why the hell did my order fill if the price hadn't gone lower yet??? [link] [comments]  |
| r/Stocks Discuss Overlooked Stocks Wednesday - Jun 02, 2021 Posted: 02 Jun 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]  |
| Posted: 02 Jun 2021 09:33 AM PDT My company offers a 401k. These are the 3 options I have that have made the most over the last 10 years. If it was your money what would you choose? Split even between the 3, put it all into 1, etc? Hypothetically of course I'm not looking for financial advice. Edit: im 28 with another account through fidelity with a majority in vti, and some in vxus, qqqm, and qqqj. https://profile.morningstar.com/Profile/HTMLPage.asp?ClientCode=002&ID=HACAX https://profile.morningstar.com/Profile/HTMLPage.asp?ClientCode=002&ID=PRUFX https://profile.morningstar.com/Profile/HTMLPage.asp?ClientCode=002&ID=JMGFX [link] [comments]  |
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