Stocks - r/Stocks Daily Discussion Wednesday - Jun 30, 2021 |
- r/Stocks Daily Discussion Wednesday - Jun 30, 2021
- AMD vs NVDA, which one are you guys favoring right now?
- 21 decisions to sell, got almost all of them wrong
- What are your projected growth sectors over the next 12-24 months?
- Here is a Market Recap for today Wednesday, June 30, 2021
- Spotify eyes entry into live events business
- 100% of school buses could be electric within 15 years: Lion Electric VP
- Preparation for trading day - June 30, 2021
- Newegg $NEGG
- Turning a loss into $25 billion. - Buffett/Munger
- When to take gains
- Tesla’s Delivery Report Is Coming. Please share your thoughts?
- Bear Case for SoFi? What’s the other side of the story?
- EBITDA- what are your thoughts about it?
- Making money by inverting negative sentiment created by stock bashing and trolling
- BEAM - Gene Editing
- ETFs have different prices/expense ratios yet same holdings?
- Best tool to analyze portfolio performance
- Better to add to existing positions or find new ones?
- Should I bother with BDC, MLP, CEFs?
- Last March during covid crash I purchased DAL and UAL now I am up 60-80%, they have yet to fully recover to pre covid, should I wait or sell
- Trading with technical analysis vs investing with fundamentals
- Looking for advice on understanding exit strategies in regards to biotech companies
| r/Stocks Daily Discussion Wednesday - Jun 30, 2021 Posted: 30 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]  |
| AMD vs NVDA, which one are you guys favoring right now? Posted: 30 Jun 2021 06:28 AM PDT I've noticed that recently these two stocks becoming more popular discussion points, with NVDA having a 4 to 1 split in mid July and AMD's projected growth. I'm curious to know which of the two you guying are liking better and what your points are for your favored stock? [link] [comments]  |
| 21 decisions to sell, got almost all of them wrong Posted: 30 Jun 2021 11:28 AM PDT I've always suspected that one of the most costly mistakes I've made when investing has been selling prematurely, but I never dug through my data to determine if that was actually true. So I decided to do that. I went back over 21 separate decisions I've made to sell stocks over the past 12-18 months to see what happened in the months after the sales. None of these were short-term trades, they were all intended to be long-term investments when I bought them but ended up deciding to sell. Sometimes it was based on technical signals (new downtrends, violation of the 50 day moving average, price running up too fast and getting over-extended beyond the 50 DMA) but other times it was based on concerns about valuation. Sometimes it was pure impatience, getting frustrated with a stock going nowhere and wanting to find a better opportunity. Out of the 21 sell decisions, 18 of them turned out to be wrong in the sense that the price ended up higher than my sell price within the ensuing weeks and months. In only 3 of the 21 cases did the decision to sell turn out to be a good one. But the important thing is what I can learn from this to improve my decisions in the future. Here are some observations: 1) A break below the 50 day moving average is a very unreliable sell signal, especially if the stock remains in a longer term uptrend. Price dropping below the 50 DMA theoretically signals a change in the medium term trend, which could foretell the beginning of a longer term downtrend. But in almost every case where I sold after the stock dropped below the 50 DMA, it reversed course within days and continued up. The only case where this turned out to be a good signal was when the stock traded below the 50 DMA for several weeks. 2) Don't sell stocks based on concern about valuation. Valuing stocks isn't an exact science; I'm not a professional and even professionals can have very different opinions about the fair value of a stock. In every single case where I sold because I thought the stock got "overvalued," it continued climbing. This is where some of my biggest mistakes happened in terms of lost profits. For example, I sold APPS last October for a 6x return at $32 only to watch it hit $100 within 5 months. 3) Selling when the stock dropped was always a mistake. This overlaps with (1) because the drops typically coincided with a technical signal (breaking below the 50 DMA or breaking a support level), but every time that happened the stock reversed course soon after. Unless the selloff reflects an underlying change in the long-term prospects for the business, you should be taking advantage of drops to buy not sell. To be fair to myself, some of these decisions could have turned out to be correct if I moved the money elsewhere and saw better returns than if I had left the money where it was. But the results clearly show that premature selling is a costly mistake. [link] [comments]  |
| What are your projected growth sectors over the next 12-24 months? Posted: 30 Jun 2021 04:23 AM PDT What are your projected growth sectors over the next 12-24 months? What sectors/industries do you think will be next to see the most growth/investment? We've seen big investment into EVs? Do you think this will taper off or continue at the same rate What about AI stocks, 5G stocks, digital farming? Put forward your ideas below with some reasoning. Thanks [link] [comments]  |
| Here is a Market Recap for today Wednesday, June 30, 2021 Posted: 30 Jun 2021 01:14 PM PDT PsychoMarket Recap - Wednesday, June 30, 2021 Please Note: Apologies for not sending the Daily Recap out yesterday, I was having technical issues on my end. Thankfully, all the issues were resolved, it's full steam ahead. Stocks traded mixed today, with the S&P 500 (SPY) and Dow Jones (DIA) rising while the Nasdaq (QQQ) fell modestly after hitting record highs for many consecutives days. In short, stocks continue to hover near record highs. Market participants are encouraged a stronger-than-expected gain on private payrolls and tempered inflationary fears. Looking ahead, market participants wait for Q2 earnings season and incoming economic data. Today, ADP's June private payroll report showed private payrolls increased faster than expected. This underscores the ongoing economic recovery with the US economy reporting its sixth straight monthly increase in employment. Job openings rose by 692,000 versus the 600,000 expected. Consumer confidence has also risen and pointed to Americans' increased propensity to spend, with the Conference Board's consumer confidence index racing to its highest level since February 2020. David Lefkowitz, UBS Global Wealth Management Head of Equities, said "If you look at what's really been powering the economy and powering the stock market, it's been the fact that there's been so much fiscal stimulus poured into the economy. What's really crucial though is that a lot of that fiscal stimulus has actually not been spent this year. It's sitting on the balance sheets of consumers." I totally agree. Consumer spending accounts for roughly 70% of US GDP. Now that the economy is reopening thanks to effective distribution of the vaccine, I expect saving-laden consumers to step out and spend big this summer after enduring social distancing guidelines for more than a year. Today marks the last trading session of the second quarter of the year, so I thought it would be useful to take a look back at the performance of different assets since March. Year-to-date through Tuesday's close, the S&P 500 has increased 14.3%, the Nasdaq by 12.7% and the Dow by 12%. The 10-year Treasury yield hit a year-to-date peak of 1.77% in March but is on track to end the quarter yielding just under 1.5%. The West Texas intermediate crude oil rebounded by 23% as demand for energy picks up. Digital currencies, on the other hand, had a very difficult quarter, with prices sharply down across the board compared to the beginning of the quarter. Highlights
"How long are you going to wait before you demand the best for yourself?" - Epictetus [link] [comments]  |
| Spotify eyes entry into live events business Posted: 30 Jun 2021 09:32 AM PDT The company is looking at using its trove of user data about music interests from streaming to host virtual and potentially live concerts, according to the report. And that could help ease some strain in its relationships with musicians, who have consistently complained that streaming their songs is a poor source of revenue. Touring and merchandise have long been a bigger source of income for artists than recording contracts. Source: NewsFilter [link] [comments]  |
| 100% of school buses could be electric within 15 years: Lion Electric VP Posted: 30 Jun 2021 01:22 PM PDT Add the funding from the "infrastructure" bill and the buses should start rolling! Electric school buses may be the next wave of EVs to hit the commercial market, one executive within the industry says. Patrick Gervais, Lion Electric (LEV) VP of marketing and communication, discussed the progress made with electric vehicles on a Yahoo Finance Live segment Tuesday afternoon. "I think there's a really good intention to electrify 100% of school buses within the next couple of years," Gervais said. "We could feel the hype all across the United States. I mean, we've delivered buses in New York, in Minnesota, all across the country." The infrastructure bill, which is supported by President Biden, is expected to provide an additional $15 billion to electric vehicles infrastructure. Under the framework of the bill, $7.5 billion is to be allocated to schools and public transit organizations to help convert to electric buses. Gervais noted that a transition to electric school buses would have a plethora of benefits besides a reduction in carbon emissions. "There's no noise pollution, so it's more quiet and the kids are more calm and more concentrated when they go to school," he said. "These are the kids and the people of tomorrow [who] will drive electric cars in the future." Currently, less than 1% of school buses are electric. Over 400,000 school buses drive over 3.5 billion miles each year, according to a Bellwether Education Partners study. The transition to electric buses will take initiative, but with the right moves, Gervais said, the entirety of the US school bus fleet could be electrified in 10-15 years. Abroad, electric vehicles have sparked the interest of consumers of late — 11% of the 11.6 million new cars registered in the EU, Iceland, Norway and Britain last year were either fully electric or plug-in hybrid electric vehicles. Meanwhile, EVs and plug-ins accounted for less than 3% of new car sales in the United States. MediaNews Group/Los Angeles Daily News via Getty Images via Getty Images Ihsaan Fanusie is a writer at Yahoo Finance. Follow him on Twitter @IFanusie. More from Ihsaan: This startup helps college athletes monetize their personal images Raw material costs rising for automotive industry: BofA report Bitcoin to tumble further: oddsmakers bet on drop to $10K Read the latest cryptocurrency and bitcoin news from Yahoo Finance Read the latest financial and business news from Yahoo Finance Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit [link] [comments]  |
| Preparation for trading day - June 30, 2021 Posted: 30 Jun 2021 05:36 AM PDT Preparation for trading day - June 30, 2021Note that this only includes stocks with larger market cap and stocks considered popular. Notable Price Upgrades and DowngradesFactSet Research Systems (FDS):
Capri Holdings (CPRI):
Facebook (FB):
Shopify (SHOP):
CrowdStrike Holdings (CRWD):
Virgin Galactic Hldgs (SPCE):
Exxon Mobil (XOM):
Chevron (CVX):
BP (BP):
Unity Software (U):
Roblox (RBLX):
Micron Technology (MU):
Today's Economic Calendar08:00 am Atlanta Fed President Raphael Bostic speaks 08:15 am ADP employment report for June 09:45 am Chicago PMI for June 10:00 am Pending home sales index for May 01:00 pm Richmond Fed President Tom Barkin speaks IPO market (This week)
That's all folks, have fun and stay green Disclaimer: I am not a financial advisor, and nothing in this post shall be seen as a financial advise. Always make to sure to vet the accuracy of statements and do your own research before using it in any way [link] [comments]  |
| Posted: 30 Jun 2021 12:34 PM PDT Just noticed that Newegg is realllly running up. No news about this. Average volume is 220k but today it's currently at 7.8M. I'm noticing lots of calls & puts ramping up with 0 interest at these prices. So strange. Is this a bank or fund buying in? [link] [comments]  |
| Turning a loss into $25 billion. - Buffett/Munger Posted: 29 Jun 2021 06:24 PM PDT Warren Buffett and Charlie Munger were on CNBC tonight and one of my main takeaways was how losses along their journey were critical to their success. One example they gave was a department store they had in the '80s was losing money so they cut their losses and salvaged ~$6 million. They estimated since then they've turned that single $6M into ~$25 billion. Had the business/investment not failed the money could've remained tied up for years making so-so returns. For me this hit home as my first investment losses forced me to take investing more seriously. Fingers crossed I'll have the same return story in 30-40 years. ;) [link] [comments]  |
| Posted: 30 Jun 2021 08:52 AM PDT At the start of June i has purchased a 82.50c for August 20th, and then when the google deal was announced i purchased a 85c july 30th call. I am now up 200% on each of these contracts. I believe the xilinix deal has to be close and the market is pricing in the deal as we speak. My original plan was to exit somewhere around the low 90s but the google deal announcement has added a catalyst to my thesis. Does this stock have more room to run through earnings? Am still a noob so go easy on me. Thanks [link] [comments]  |
| Tesla’s Delivery Report Is Coming. Please share your thoughts? Posted: 30 Jun 2021 07:48 AM PDT Tesla 's quarterly delivery report, always a key point to watch for investors, could offer more than usual this quarter. It will tell stories about the automotive semiconductor shortage, Tesla's recent woes in China, and overall demand for electric vehicles. The consensus call on Wall Street is that the EV pioneer delivered about 201,000 vehicles in the second quarter, but expectations might be creeping upward. "We believe 200,000 is the line in the sand and right now it's biased upside given stronger Europe and China demand," Wedbush analyst Dan Ives told Barron's. Ives rates Tesla shares at Buy. His target for the stock is $1,000, while the price closed at $680.67 on Tuesday afternoon. https://www.barrons.com/articles/tesla-ev-delivery-report-what-to-watch-51625002948?siteid=yhoof2 [link] [comments]  |
| Bear Case for SoFi? What’s the other side of the story? Posted: 30 Jun 2021 10:07 AM PDT Someone please post a well thought out Bear case on SoFi. There is a large short position so I'm assuming there is some investment theory behind this outside of the lockup period expiring Monday. Lots of posts about SoFi and I'm a Bull but outside of the simple generic concerns of: multiples on all Fintech stocks will come down at some point, they fail to execute against their plan or they will have more competition… I don't see anyone posting a strong case AGAINST SoFi. I'd love to hear a different perspective. [link] [comments]  |
| EBITDA- what are your thoughts about it? Posted: 30 Jun 2021 11:01 AM PDT EBITDA - Earnings before interest taxes depreciation and amortization, considered a controversial financial metric because it hides capex and basically eliminates the losing value of company assets. Buffet, Munger and Klarman are just a few of old school investors who thinks EBITDA is an awful metric. On the other hand it's one of the most accepted metric today, every article will use it and mention it, investors comparing companies EBITDA and a lot of companies mention it in their financial statements. What are your thoughts about EBITDA? are you using it for your DD? [link] [comments]  |
| Making money by inverting negative sentiment created by stock bashing and trolling Posted: 30 Jun 2021 01:41 PM PDT This works particularly well for penny stocks which are more prone to rapid sentiment changes and price swings. I found a trend. I tested it out. It actually worked out well for me several times now. But it's a really difficult strategy to execute. My theory was that you can identify a good entry point in a stock based on a negative change in online sentiment which is NOT correlated to company news and updates or market performance etc. I believed that if the online sentiment changed to a negative one overall without there being an underlying reason, that it was a good sign that people shorting the stock were anxious to keep the price down and others were bashing it online to get a better entry point. My theory is that the bashing behaviour doesn't occur at random. It occurs strategically. If people know the share price is going to go up in the mid term and want to keep it quiet to get a better entry point there are going to be some people who attack the stock online to try to bring the price down to give themselves more time for a lower buy in point. If people have been shorting a stock and need time to exit their positions as they are anticipating a rise in share price they will be inclined to do the same as well. So, in a way, online stock bashing could be seen as an inverse indicator of the current overall expectations of the actual future share price. Here's how the strategy works. Use websites that provide indicators of stock sentiment on social media. Pick out companies which have recently had strong negative sentiment. Figure out if there is a valid reason for the change in sentiment based on publicly available information about the company. If nothing has changed in the companys underlying performance and they were in an uptrend before the negative sentiment began, begin to investigate the nature of the online sentiment. Go on Reddit, Stocktwits or Twitter and actually read through all the comments you can find. Check to see whether or not the negative comments are baseless. If the sentiment of the stock online is negative for a good reason, such as anticipating a logical negative outcome, then stay away. If the comments bashing the stock are baseless and can't be backed up by logic, fact or reasonable predictions then you probably have a winner. Unfortunately this strategy can be stressful. You have to read a lot of negativity. You have to think critically and have extensive knowledge of how the market and businesses work. You have to be able to discern bullshit and emotional statements from logic. You have to be able to tell the difference between genuine criticism of a company's performance and false criticism which can sound logical but often skews the facts to try to generate a negative view of the company. But those types of statements won't stand up to solid research on the company. If a stock is being heavily attacked online using flawed logic and emotional statements and there are no red flags about the company other than a recent change in share price caused by the above bashing and trolling behaviours then you probably have a good buy in point as the stock will now have an unfair lower price point caused exclusively by bashers. If you strongly believe this is the case and there is no discernible grey area after solid investigation, just buy the stock. Ignore websites that give price targets as those are always generated based on existing numbers including the dips caused by bashing. You have to be willing to hold until the bashing behaviour subsides or until the company's performance proves them wrong. Once it does and investor sentiment returns to the norm you will gain by the artificial price suppression being lifted. In addition, companies being bashed like this usually have something going for them so you can capitalize on their progress at the same time. I guess you could say this strategy basically takes advantage of trolls and bashers and uses the price suppression resulting from their online behaviour as leverage to amplify your gains. [link] [comments]  |
| Posted: 30 Jun 2021 08:06 AM PDT I spoke with a client a while back and they mentioned that their child was one of the first in Canada to use Gene editing to save their life. I got very interested in the subject and learned that crispr, while the most popular, wasn't as effective as beam. I play the stock market like a roulette table rather than proper due diligence but seem to have nailed it when I threw lot of cash into this company. Up 40% with around 20 shares (I'm not actually wealthy). Would love some input and perhaps a good DD post for these guys because I want to Long hold this one even though it's tempting to cash out. I both love and hate you all. Thanks. [link] [comments]  |
| ETFs have different prices/expense ratios yet same holdings? Posted: 30 Jun 2021 02:03 PM PDT New to investing. I have a Schwab account so was looking at their ETFs. I noticed at least 3 of them have basically the same top 20 holdings. I look up VOO and also very similar holdings. Why do the prices of these ETFs range from 50-400$ when they all have very similar holdings it seems? And why pay a higher expense ratio if again, the ETF is just going to have the same holdings as a cheaper ETF? Not a huge expense but .03-.06% was the range I saw. [link] [comments]  |
| Best tool to analyze portfolio performance Posted: 30 Jun 2021 11:48 AM PDT Could somebody recommend for a total noob in investing a tool that can help me better analyze my portfolio performance over time? I use Ameritrade at this point but they don't have such tools. I would like to: - see my annual portfolio returns for the past couple of years (per year rather than aggregated, taking into consideration cash inflows and outflows) - compare my portfolio performance to broad indexes but take into account when and at what price I purchased stocks. [link] [comments]  |
| Better to add to existing positions or find new ones? Posted: 30 Jun 2021 02:15 PM PDT As someone who's fairly new to investing, is it better to have a somewhat small and little to diverse portfolio, adding to existing positions over time or to keep finding new stocks and companies that could be profitable? [link] [comments]  |
| Should I bother with BDC, MLP, CEFs? Posted: 30 Jun 2021 01:58 PM PDT I found these based on monthly distribution payouts, increasing amounts per year, and lower MER (below 2%), but ideally, I'd like to find more with MER (below 1%), if possible?
[link] [comments]  |
| Posted: 30 Jun 2021 10:54 AM PDT So last March I first started to invest, I bought to some dividend stocks as well as covid crash such as CCL, FL and as mentioned the airlines Delta and United airlines. I am up 60-80% on both. It's not a lot of money as I have about 20 of each but it's a lot to me. Being that neither pay a dividend and I have already achieved pretty good growth in the recovery would it be wise to cash out now and move the funds to something more stable. Airlines have yet to reach pre covid numbers but with all the talk about a possible future crash coming It might be wise to exit these positions and look to buy the dip again. I know there is no right answer here but just trying to get a feel from the community. And if I sell I could get into VTO/ VOO or add to my dividend portfolio. Only thing is dividend stocks (as well as everything else) also took a massive hit last drop. I know that there likely won't be as big a loss as covid times but would I really be doing anything for myself if I get out of airlines and travel and go immediately into something else? I do want to keep my money in the market. [link] [comments]  |
| Trading with technical analysis vs investing with fundamentals Posted: 30 Jun 2021 04:26 AM PDT Good morning! I was just scrolling the sub and noticed a handful of people talking shit on technical analysis, it doesn't work, it has never been proven to work, etc.. I want all you TA bashers to know that you don't know what you're talking about. There are some aspects of TA that I deem utterly useless like "head and shoulders" or "cup and handle". As far as the basics go, like channel trading, support and resistances, rsi indicator, these things are incredibly accurate if you have a solid game plan of entries, exits, and stop losses. I have a watchlist of about 150 stocks that I believe are fundamentally solid that I have been trading in and out of for years. Made almost 400% last year and i'm up over 100% this year even though my trading has drastically slowed. For those of you that think TA is just squiggly lines on a chalkboard, you are very wrong. I have roughly 3 years worth of proof and so do many others that know how to use it correctly and manage their risk exposure. [link] [comments]  |
| Looking for advice on understanding exit strategies in regards to biotech companies Posted: 30 Jun 2021 08:29 AM PDT So a couple of months back I began investing into CRISPR technologies. Currently my return for Intellia (NTLA) is sitting just under 200% gain. I understand that biotech can be volatile and I would like some perspective from more experienced investors on whether this is something that's likely to drop back downwards or if I'm better off holding it for a longer term. In other words, is this something I should sell now or hold onto? [link] [comments]  |
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