Stock Market - I’m guessing Fidelity was the right choice for a safe moon landing ��.

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• I’m guessing Fidelity was the right choice for a safe moon landing ��.
• People will never learn, stop using trash Robinhood. These people will bend you over and screw you out of your money in the long run. Stick with fidelity their platform is better. This article says it all. Robinhood is fined $70 million over misleading customers and system outages.
• I analyzed last 15 years of news articles to see how many times Michael Burry predicted a crash and how many times he turned out to be right! Here are the results.
• Robinhood to pay $70 million in record settlement with FINRA
• I misunderstood... ��
• How much is ok to lose before you to turn a profit in trading?
• Krispy Kreme (NASDAQ: DNUT) S1 Review
• Ford to shut more plants due to chip shortage. What’s the best trade on this news?
• Worth the wait.. PLTR
• My Watchlist For 7/1/2021 -- Vacation Was Dope But I am Back!
• CLOV investors everyday
• Wall Street Bets after a tough day in the Meme market
• Experienced traders/investors, how did you handle the Great Recession of 2008?
• Chipmakers Micron, AMD Become Top WallStreetBets Interests Alongside Clover Health, SoFi
• Please share what you've lost but you still won't give up.
• FINRA Orders Record Financial Penalties Against Robinhood Financial LLC
• VIAC Light DD
• Silver
• Roth IRA: VOO, VIG, or VT?
• Is GE Stock A Buy As Transition To Leaner, Stronger General Electric Gains Steam?
• Here is a Market Recap for today Wednesday, June 30, 2021
• NASDAQ in Vibration mode today ⚡️Trying to make up its mind ��

I’m guessing Fidelity was the right choice for a safe moon landing ��. Posted: 30 Jun 2021 08:36 PM PDT submitted by /u/CDawg405 [link] [comments]

People will never learn, stop using trash Robinhood. These people will bend you over and screw you out of your money in the long run. Stick with fidelity their platform is better. This article says it all. Robinhood is fined $70 million over misleading customers and system outages. Posted: 30 Jun 2021 09:15 AM PDT submitted by /u/Stockfomo [link] [comments]

I analyzed last 15 years of news articles to see how many times Michael Burry predicted a crash and how many times he turned out to be right! Here are the results. Posted: 30 Jun 2021 06:30 AM PDT Preamble: Michael Burry is definitely a controversial figure. He rose to fame betting against the subprime mortgage market and making a 489% return for his investors between Nov'00 and Jun'08 (SP500 returned just 3% in the same period). But, I recently observed that in every news article/tweet, he always talks about an impending crash. As recently as last week, he issued another warning stating that there would a "mother of all crashes soon due to the meme-stock and crypto rally that will approach the size of countries". Basically, what I wanted to analyze was Whether Michael Burry always predicts a crash and gets lucky when there is an actual crash or does his prediction actually turns out to be true most of the time? Analysis The various news articles spanning over the last 15 years were obtained from Google News [1]. I flagged the date of each crash prediction and then analyzed the performance of the market/stock over the a. Next 1 Month b. Next 1 Quarter c. Till Date I will not be including the subprime mortgage crash prediction in this analysis as we all know how that turned out and how that made him famous. Also, there are no news reports covering Burry before that. The performance figures are calculated based on the prediction. If Burry specifies a stock, then I am using that particular stock as the benchmark. If its broader prediction relating to the overall market, then the benchmark used is S&P 500. Results There was a long gap of 9 years after the 2008 crash where Burry stayed out of the public view and did not make any warnings or predictions about the market. His first verifiable prediction after the 2008 crisis came in May 2017 where he warned that we can expect a global financial meltdown and World War 3. In his exact words I didn't go out looking for this, I just did the math. Every bit of my logic is telling me the global financial system is going to collapse But it's been 4 years since the prediction and the market is chugging along just fine. S&P500 has returned a respectable 93% to date and there is no imminent threat of a World War happening. Burry's next prediction was in Sep 2019 where he said that index funds are the next market bubble and are comparable to subprime CDOs. He said that index fund inflows are now distorting prices for stocks and bonds in the same way that CDO purchases did for subprime mortgages more than a decade ago. He said the flows will reverse at some point, and "it will be ugly" when they do. This prediction also did not pan out as S&P500 has returned 50% to date over the last two years and the only crash that occurred during this period was the Covid-19 flash crash from which the market made a sudden recovery. Burry's next target was on Tesla where he said that Tesla's stock price is ridiculous and that it would collapse like the housing stock bubble. I have kept both the articles there which had only one month difference as we don't know exactly when he shorted the stock. The returns would be substantially different if he did it in Dec'20 when compared to Jan'21 as Tesla had a phenomenal run in December. He reiterated again on Feb'21 that the market is dancing on a knife's edge and he is being ignored again. He felt the boom in day traders due to the meme stock mania and the increasing cash flow to the index trackers would cause a massive bubble. This prediction also hasn't turned out to be right as the market has returned 11% to date over the last 4 months. Burry's only prediction that we can say confidently was right after the 2008 mortgage crisis is that he called Bitcoin a speculative bubble in March'21. Bitcoin has since dropped 28% in around 3 months. Even in this case, we don't have enough data to showcase how this prediction would turn out over the next one/two years. Burry was most active in 2021 making the most number of predictions with the latest in Jun'21 stating that we are currently in the greatest speculative bubble of all time. Only time will tell how this one will turn out! Conclusion I have immense respect for Michael Burry and his skills. He was a doctor and worked as a Stanford Hospital neurology resident and then left to start his own hedge fund that became extremely successful. But, as you can see from the above analysis, he is more often wrong than right with his predictions [2]. But, the stock market rewards predictions disproportionately [3]. Out of the 100 predictions you make, even if you get 99 wrong but get one extremely unlikely event right your overall returns will still be extremely high. The key point here is that if you believe in Michael Burry, you will have to follow all of his recommendations [4] and not pick and choose what you feel comfortable with as most of the returns would be from an extremely unlikely scenario. Footnotes [1] Google News has a nifty feature where they allow you to search news in specific time periods. Also, Google News seems to capture almost all the major publications other than the historical archives. [2] The current analysis is done using all the publicly available records. We are not considering the personal bets he made, conversations he had with his friends/family/investors, etc. This can definitely alter the [3] Take the classic example of Keith Gill (aka DFV). He at one point had a $50MM return using a 50K call option. Even if he had another 99 50K call options in other stocks which expired worthless, just this one right pick would have made him a net profit of $45MM. This phenomenon is known as black swan farming. [4] At that point, if you are that confident in his predictions, you can invest in his hedge fund. Please note that you need to have a minimum capital requirement ($1 million minimum investment and some extra regulatory requirements) Disclaimer: I am not a financial advisor. submitted by /u/nobjos [link] [comments]

Robinhood to pay $70 million in record settlement with FINRA Posted: 30 Jun 2021 08:26 AM PDT https://finance.yahoo.com/news/robinhood-hit-with-record-finra-fine-of-57-million-to-settle-past-issues-143447830.html Ethan Wolff-Mann·Senior Writer Wed, June 30, 2021, 10:34 AM GME -0.19% The Financial Industry Regulatory Authority announced that it fined Robinhood $57 million and ordered the online brokerage to pay approximately $12.6 million in restitution, plus interest, to thousands of customers for a total settlement of $70 million. "The sanctions represent the largest financial penalty ever ordered by FINRA and reflect the scope and seriousness of the violations," the authority wrote, noting "significant harm" to "millions of customers who received false or misleading information from the firm, millions of customers affected by the firm's systems outages in March 2020, and thousands of customers the firm approved to trade options even when it was not appropriate for the customers to do so." The wide-ranging settlement covers trading outages, options-trading approval processes, incorrect display of data, customer service practices, and even its checking and savings debacle from 2018. (To be clear, the settlement is not related to the so-called meme-stock frenzy of early 2021 when, at one point, Robinhood temporarily stopped customers from buying shares of several companies, including GameStop.) This is a notable step in the meteoric growth of Robinhood, the stock trading app that some argue helped herald the "gamification" of Wall Street. The company's introduction of free trades forced other brokerages to respond with zero-cost trades to stay competitive. That swashbuckling attitude that changed the industry, however, was exactly what Finra impugned. Following the rules, the authority, argued, are paramount in the industry. "Compliance with these rules is not optional and cannot be sacrificed for the sake of innovation or a willingness to 'break things' and fix them later," Jessica Hopper, Executive Vice President and Head of FINRA's Department of Enforcement, said in Finra's press release. (Though Robinhood "accepted" the settlement, it did not officially admit or deny the allegations.) Robinhood says it has fixed most of the problems The settlement will no doubt embolden Robinhood's critics, but it also represents catharsis for the company as it grows up — and looks toward a long rumored and anticipated IPO. Robinhood said it has taken "numerous remedial measures" to address Finra's charges, detailing them in a "corrective action statement" attached to the Finra release. "Robinhood has invested heavily in improving platform stability, enhancing our educational resources, and building out our customer support and legal and compliance teams," Robinhood said in a statement to Yahoo Finance. "We are glad to put this matter behind us and look forward to continuing to focus on our customers and democratizing finance for all." The company said it had completed the "restructuring and enhancement of its legal, compliance, and anti-fraud functions; strengthening of its supervisory structure and written supervisory procedures, including with respect to supervision of technology; expansion of customer support, including with respect to options and margin trading; remediation of certain customer communications and data displays at issue in the AWC; and improved supervision of options trading." — Ethan Wolff-Mann is a writer at Yahoo Finance focusing on consumer issues, personal finance, retail, airlines, and more. Follow him on Twitter @ewolffmann. submitted by /u/SavannahSmiles_ [link] [comments]

I misunderstood... �� Posted: 30 Jun 2021 02:21 PM PDT submitted by /u/JoryMantos4614 [link] [comments]

How much is ok to lose before you to turn a profit in trading? Posted: 30 Jun 2021 01:46 PM PDT Nothing. It is not ok to lose money. There are many stories of beginner traders who've lost all their deposits and it seems widely acceptable. But I disagree. I drew down 55% of my account before I stopped and did a complete overhaul of my mental and money management paradigms. Mentally strong traders know that the power of cutting small losses is real and laying a proper foundation of rules is a way to go. The biggest reason why investors, newbies and even experts fail is because of lack of implementation, especially during the bad periods. Emotional control is difficult in those periods. And you start making mistakes doing things like selling stocks during a crash, speculating on 1–2 individual stocks and so on. A few losses in a row hurts you even more no matter how much money you lose leading you to further losses. Vicious circle.. There is a way to avoid it all together. If you start investing for yourself, watch yourself carefully during the first stock market crash. Do you panic or stay calm? If you stay calm, maybe you have the emotional stability needed to invest by yourself. Observe your own behaviour from an unemotional point of view once you start investing. See how you react to huge swings. Also learn to use stop losses and take profits. If you can't analyze trends and patterns yourself follow advice from pros, there are plenty apps with highly rated traders, like this qooore app for example. Once I actually began to follow my plan, I became profitable. I still make mistakes though. I try to get a better entry when I should hit a market order or I put in a limit to close a position when it is supposed to be a market order. Sometimes I'll get nervous and move a stop. It happens, but most of the time I am calm like a rock. Discipline is the only way to succeed in the long-term. submitted by /u/Greshyfleeple8l [link] [comments]

Krispy Kreme (NASDAQ: DNUT) S1 Review Posted: 30 Jun 2021 10:25 PM PDT ​ https://preview.redd.it/49cxssz9dj871.jpg?width=743&format=pjpg&auto=webp&s=7960df966c868d3b91d3346aa58289fbc49cfb12 Krispy Kreme, Inc. (NASDAQ: DNUT) will be going public today, July 1 2021 under the ticker "DNUT". They will be listing 26,666,667 shares of Common Stock or 30,666,667 shares if the underwriters decide to purchase more shares. They expect the IPO price to be between $21 and $24 and investors before the filing will have a lock-up period of 180 days. Quick Facts: 1.3 billion donuts were sold in fiscal year 2020 between 30 countries. 64% of these sales were Original Glazed Donuts Experienced net revenue of $1.1B in fiscal year 2020 Adjusted EBITDA was $152.8 million Adjusted Net Income was $47.9 million Net Loss of $60.9 million Major Acquisitions: Krispy Kreme has begun focusing their attention on e-Commerce capabilities as well as diversifying dessert assets. They completed an acquisition of ""Insomnia Cookies" in September 2018, controlling 74.7% of the company. Insomnia Cookies focuses on cookies, cakes, and other desserts, helping Krispy Kreme develop an e-Commerce presence. Krispy Kreme has been able to generate significant income from this acquisition, adding 17 new stores in fiscal year 2020 and starting to create another 30 locations in 2021. Insomnia Cookies focuses on selling to college students, operating at over 140 locations for 177 college campuses. The focus is e-Commerce with over 54% of sales being digital. 18% of total sales were e-Commerce sales with Insomnia, showing the strength of technology integrated within the donut company. Krispy Kreme has also been developing a "Sweet Treat Line", packaged for local stores. They claim to "offers a delicious, quality experience free of artificial flavors. This new line of products is distributed in the United States through major grocery, mass merchandise, and convenience locations, allowing us to capture the sweet snacking occasion for our customers seeking more convenience." Another issue to note is that Krispy Kreme has gained 94% brand awareness, yet only a portion of the population can conveniently access a Krispy Kreme location. This will cause Krispy Kreme to continue considering decreasing distance for the general population by creating more stores or increasing deliveries and e-Commerce capabilities. Krispy Kreme has been known for providing successful campaigns for donuts through their "Acts of Joy" initiative. This allows Krispy Kreme to gain exposure and generate possible increased revenues. Their "COVID-19 Vaccine Offer" allows people who have been vaccinated to obtain a free Original Glazed Donut every day through the end of 2021. This effort helped generate vaccination media as well as Krispy Kreme interest. Krispy Kreme noted that "On average, consumers visit Krispy Kreme less than three times per year". This is a major risk factor as there is minimal visiting of locations, preventing lack of continuous revenue throughout the year. Krispy Kreme noted that they struggle entering major urban areas including New York, Chicago, and Boston. Some international opportunities include Brazil, China, and Western Europe. If they can integrate themselves in the Philippines, Saudi Arabia, and Guatemala, we are confident in their success in these new markets. Except Boston because Dunkin' Donuts has a monopoly there. Regarding shares and control of voting power, JAB is the largest owner of Krispy Kreme shares as Krispy Kreme, Inc. is an affiliate. They will control over 37% of Common Stock regardless of the underwriters purchasing the additional 4,000,000 shares. This will allow them to control a majority of voting power. They were happy to report that, " "As of January 3, 2021, all of our shops in the United States and Canada are fully open. [...] As of January 3, 2021, 75 shops representing 6.7% of our total shops internationally were closed due to COVID-19 pandemic restrictions." It's important that the United States and Canada have functioning locations as they account for 84% of sales. As of April 4, 2021, there are 1,145 Krispy Kreme shops operating internationally. 718 of them were franchises. Franchises do not provide much revenue to the company, only generating 9.4% of revenue from fees and royalties. Fortunately, only 1,236 of 9,077 locations were franchises as of April 4, 2021, allowing Krispy Kreme to have a tighter grip on decisions for a majority of locations. The company reported that no account made up more than 10% of total revenue, a strong sign of diversification among clientele and no strong reliance on one source of income. However, if a major institution or client were to enter the picture, there is no long-term contracts at the moment, leaving Krispy Kreme to remain on their toes as "price, product quality, consumer demand, and service quality" could all affect various orders. Krispy Kreme noted that they are the "exclusive supplier of doughnut mixes or mix concentrates to all Krispy Kreme shops worldwide." This causes major stress on supply-chain management as their omni-channel system provides heavy reliance on other factories and direct resources to allow locations to function consistently, properly. With JAB and Olivier Goudet, the Chairman of the Board, gaining major stock in this filing, there will be a free float of about 20%, allowing the price to rise due to low supply and definite demand during the IPO. JAB will receive the previously stated about 40% of Common Stock and Goudet will receive 1.14%. "After this offering and the share repurchase, there will be 160,890,354 shares of common stock outstanding (or 164,890,354 shares outstanding if the underwriters exercise their option to purchase additional shares of common stock in full). Of our issued and outstanding shares, only the 26,666,667 shares of common stock sold in this offering (or 30,666,667 shares if the underwriters exercise the option to purchase additional shares of common stock in full) will be freely transferable, except for any shares held by our "affiliates," as that term is defined in Rule 144 ("Rule 144") under the Securities Act. Following the completion of this offering and the Distribution, approximately 38.6% of our outstanding common stock (or 37.7% if the underwriters exercise their option to purchase additional shares of common stock in full) will be held by an affiliate of JAB and can be resold into the public markets in the future in accordance with the requirements of Rule 144, subject to the lock-up agreements described below." Krispy Kreme does plan to pay dividends as the fiscal quarter ends October 3, 2021 with an expected dividend of $0.035. Despite being very minimal, dividends show consistent strength for the company as they have free income to share with investors. Financial Screenshots and Analysis: ​ https://preview.redd.it/dqmaixubdj871.jpg?width=693&format=pjpg&auto=webp&s=81348b35d3094ed48d900113dd926e8decfe1eff Net revenue was strong with a 126% increase year-over-year. Net losses were minimized to just $378,000 for the quarter. ​ https://preview.redd.it/4qsav4qcdj871.jpg?width=713&format=pjpg&auto=webp&s=807aac6650c0d68829f4cc13aae288329c72f88a We saw a major increase in product sales with 18.9% growth year-over-year. Product sales are the main source of revenue, accounting for 96.7%. Operating income took a hit with an 88.7% decrease and loss of $33 million. Losses continued to increase in 2020 but were slightly expected with the decision to continue expanding locations and decreasing distance from new groups of customers. ​ https://preview.redd.it/34bg6xfddj871.jpg?width=756&format=pjpg&auto=webp&s=866880f732e1815e87a53512870ac8d0ea3d5a78 Quarterly revenue growth. We saw total net revenue growth remain strong and recover from COVID-19 with only 5.1% growth, now reported at 23.2% growth. Organic Revenue Growth also increased and has recovered similarly. ​ https://preview.redd.it/vk2gel1edj871.jpg?width=486&format=pjpg&auto=webp&s=83553141f05b8adb71fa0c285c321c0e1f8a5219 This visual for Global Points of Access is the explanation for increased losses as there was a 37% growth in locations, requiring funding and investments into building those locations. ​ https://preview.redd.it/i8mqdypedj871.jpg?width=754&format=pjpg&auto=webp&s=f47ba5c46f2c59984351addc43cd5b798fdc784c The company has over $3 million in assets, growth from $2.8 million in year end 2019. Liabilities also increased at a similar rate, about $200,000 increase. Personal Opinion: Score (1 - 10): 6.2. There are some great strengths to DNUT as they are a well-known brand with great products. However, there are not that many locations and they struggle to break into urban areas with competition including Entemann's, Dunkin' Donuts, and Voodoo Donuts. With minimal franchise reliance, they have lots of control over the locations and operations of each store. We worry that supply chain and equipment malfunctions will severely impair their sales as the reliance on the omni-channel system is a bit worrying. *The above content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. submitted by /u/HCDuschang [link] [comments]

Ford to shut more plants due to chip shortage. What’s the best trade on this news? Posted: 30 Jun 2021 01:26 PM PDT submitted by /u/Blessedsu [link] [comments]

Worth the wait.. PLTR Posted: 30 Jun 2021 10:41 AM PDT submitted by /u/JoryMantos4614 [link] [comments]

My Watchlist For 7/1/2021 -- Vacation Was Dope But I am Back! Posted: 30 Jun 2021 06:37 PM PDT submitted by /u/No_Seesaw1134 [link] [comments]

CLOV investors everyday Posted: 30 Jun 2021 04:15 AM PDT submitted by /u/Marc_Damon [link] [comments]

Wall Street Bets after a tough day in the Meme market Posted: 30 Jun 2021 02:12 PM PDT submitted by /u/Nervous-Revenue-6071 [link] [comments]

Experienced traders/investors, how did you handle the Great Recession of 2008? Posted: 30 Jun 2021 06:37 PM PDT I'm 23, been trading/investing for a little over 2 years (I'm aware this makes me a baby in the stock market world). I'm very lucky to have a good size portfolio because I started with a small inheritance which I threw into NIO at $10. I'd describe myself as a long term investor for my 'big' money who trades a little with my 'small' money for extra income, much like a lot of people. I fully admit I'm inexperienced, have a lot to learn, and am very fortunate to be in my current situation. My question is, veteran traders/investors who were active before during and after 2008, how did you handle the recession? I hear/read so much negative alarming news and rhetoric surrounding the economy and the markets that I'm starting to expect a decent chance of living through another 2008-level recession in my lifetime. I'm just curious about what that's like for those who have lived it and learned from it. submitted by /u/nemosfuckedupfin [link] [comments]

Chipmakers Micron, AMD Become Top WallStreetBets Interests Alongside Clover Health, SoFi Posted: 30 Jun 2021 07:42 PM PDT submitted by /u/Full-Ad-2655 [link] [comments]

Please share what you've lost but you still won't give up. Posted: 30 Jun 2021 08:43 PM PDT submitted by /u/UncAustin [link] [comments]

FINRA Orders Record Financial Penalties Against Robinhood Financial LLC Posted: 30 Jun 2021 08:05 AM PDT submitted by /u/TradingAllIn [link] [comments]

VIAC Light DD Posted: 30 Jun 2021 07:30 PM PDT VIAC is a massive media company that is selling at a deep discount and is ready for a breakout. As many of you know due to some hedge fund tom foolery (thanks Bill Hwang) VIAC lost about half of its value. He went out in true WSB fashion, but thanks to him he have some WSB opportunities. VIAC is an old media company that has lots of appealing properties, and now has recently announced they are focusing on streaming services. In their streaming service portfolio they have Paramount+, Pluto, and Showtime with Paramount+ being their new darling garnering lots of attention. Now many have pointed out how VIAC has an extremely low P/E, great earnings reports, and more, but repeating that would be a waste of your time and mine. Read this post if you want to learn more. Today I would like to point a few things out that many of us haven't noticed that are food for thought: 1.Paramount+ is doing better than many would have you believe. https://preview.redd.it/fnm6rh3rii871.png?width=1974&format=png&auto=webp&s=71ee48e8c4ccbe6cf92721091b1c70f7fc48c5de Now Google Trends is no guarantee for sales, but it is a good indicator of interest. I have heard lots of slander on how Paramount+ has no good shows or how it can't compete with others in the field, but frankly I disagree. Their library is impressive if you dig into it and they are adding thousands of movies as we speak. On top of that, their ad campaigns seem like they are working and streaming has been gaining quarter over quarter for them on lesser streaming services they own like Pluto (seriously who uses Pluto). Paramount+ is gaining steam and that is going to show in the next earnings report. Their Earnings Projections are underestimated https://preview.redd.it/14j4pgwrii871.png?width=1660&format=png&auto=webp&s=4a40e5859db2051fab9bfde47a4f05f3d86be2d4 The current estimates have VIAC underperforming their last quarter. I believe there is no possible way this is the case. Their steaming revenues have vastly increased and the data coming in about their legacy cable networks indicates better than normal performance. For example, there have been reports that their ad cost per million views being higher than normal and that many of their flagship events have been going gangbusters (just see the BET awards ratings if you don't believe me). All signs are showing big revenue coming in that the analysts aren't factoring in, and I believe the earnings surprise is going to be bigger than last time. The Acquisition Rumors Out of all the major media companies that could be acquired, VIAC is the most likely to happen soon. There has been a frenzie to consolidate rights in media companies and VIAC is an obvious play for many media distributors. They are relatively cheap unlike other options like ROKU (which has been frequently talked about in acquisition rumors) and so it is very likely VIAC will be picked up in the next 6-12 months in the $70-100 dollar range. Disclaimer: I have a position in this company. Here it is: This is a large position for me submitted by /u/ryanhuntermcb [link] [comments]

Silver Posted: 30 Jun 2021 04:53 PM PDT submitted by /u/barbarian370 [link] [comments]

Roth IRA: VOO, VIG, or VT? Posted: 30 Jun 2021 06:58 PM PDT I'm 18 and about to open my Roth. I've seen VOO, VIG, and VT be the most highly suggested for my portfolio. If anyone has any pointers or recommendations as to how I should distribute my retirement contributions, please let me know. I've considered going all-in VT, but I'm not sure yet. I'm a little less confident in my investing right now because I stopped following the market when covid began (due to it being a rather depressing sight lol)...so, now that I'm an adult and in control of my own money, I'm trying to reeducate myself and have these discussions with others. What to do? submitted by /u/briannapham [link] [comments]

Is GE Stock A Buy As Transition To Leaner, Stronger General Electric Gains Steam? Posted: 30 Jun 2021 12:17 PM PDT https://finance.yahoo.com/m/b4189a90-d905-3a81-b870-75b8a2d36d75/is-ge-stock-a-buy-as.html APARNA NARAYANAN 05:32 PM ET 06/29/2021 General Electric's (GE) turnaround is gaining traction amid signs of an aviation recovery and as the industrial giant continues to shrink its debt load. Is GE stock a buy right now? For the first quarter, GE delivered a mixed earnings report, weighed down by its jet-engine unit. But Wall Street generally took the view that General Electric continues to transform into a simpler and stronger company. GE Stock Technical Analysis Shares continue to work on a 14.50 cup-with-handle buy point, according to MarketSmith chart analysis. But GE stock is roughly 11% below the entry and also under the 50-day moving average. On June 29, shares rallied 1.6% on news that United Airlines (UAL) is spending big on Boeing and Airbus jets, for which a GE joint venture makes engines. Also, analyst Joe Richie at Goldman Sachs called General Electric the "ultimate self-help, re-opening levered story in Industrials," setting a price target of 16. For now, GE stock is struggling to decisively move above the pre-pandemic high of 13.26. The relative strength line for GE stock is lagging. It rallied in the second half of 2020. A rising RS line means that a stock is outperforming the S&P 500 index. It is the blue line in the chart shown. The industrial giant earns a poor IBD Composite Rating of 40 out of 99. The rating combines key technical and fundamental metrics in a single score. General Electric owns an RS Rating of 83, meaning it has outperformed 83% of all stocks over the past year. The Accumulation/Distribution Rating is a D-, on a scale of A+ to a worst E. It's a sign of moderate selling of GE shares over the past 13 weeks. GE remains a popular stock with strong institutional support. As of March, 1,867 funds owned shares. GE stock shows two quarters of rising fund ownership, according to the IBD Stock Checkup tool. GE Earnings And Fundamental Analysis On key earnings and sales metrics, GE stock earns an EPS Rating of 19 out of 99, and an SMR Rating of D, on a scale of A+ (best) to E (worst). The EPS Rating compares a company's earnings per share growth vs. all other companies, and its SMR Rating reflects sales growth, profit margins and return on equity. In recent years, GE shed a biotech unit, its light bulb business, and a majority stake in its oil field services business. In March, GE announced a $30 billion deal merging its aircraft-leasing unit with AerCap (AER), with proceeds used to lower debt. The deal is set to close later this year or early next year. General Electric also said it's shrinking GE Capital further and announced a 1-for-8 reverse stock split, which takes effect July 30 after the market close. In Q1, the industrial giant earned three cents a share, beating views. Sales fell 12% and missed. In GE's business segments, revenue dropped 28% in aviation, 3% in power and 9% in health care. A nascent renewable energy segment grew revenue 2%. In a seasonally weak Q1, GE's industrial businesses burned $845 million in cash. Excluding the sale of a biopharma unit, GE grew industrial free cash flow by $1.7 billion year over year, highlighting progress in its turnaround strategy. Analysts forecast GE earnings will rebound to 25 cents per share in all of 2021, up from one cent a share in 2020. But that would still be below 2019 EPS of 65 cents. GE earnings are likely to more than double to 52 cents a share in 2022 as sales increase 7%, according to FactSet. For 2021, GE set a free cash flow (FCF) target of $2.5 billion-$4.5 billion from industrial operations. The FCF measure is closely watched as a sign of the health of GE's operations and its ability to pay down debts. In 2020, GE generated $606 million in FCF, down 74%, but beating its own guidance. In fact, General Electric turned cash-positive a year ahead of schedule. Out of 10 analysts on Wall Street, six rate GE stock a buy and four have a hold, while none has a sell, according to TipRanks. submitted by /u/SavannahSmiles_ [link] [comments]

Here is a Market Recap for today Wednesday, June 30, 2021 Posted: 30 Jun 2021 01:15 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, its 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 Pending home sales were up 8% in May month-on-month, helping reverse April's 4.4% drop, according to data from the National Association of Realtors. This brought the pending home sales index to 114.7, or the highest reading for the month of May since 2005. Chinese ride-hailing giant Didi (DIDI) began trading on the New York Stock Exchange. The company sold 316.8 million shares to raise $4.4 billion, making it one of the largest initial public offerings of a Chinese company in the U.S. since Alibaba's (BABA) $25 billion listing in 2014. Trading began trading at $18, roughly 29% higher than its $14 IPO price, though throughout the session the stock lost most of its IPO gains. General Mills (GIS) said it is raising prices across nearly all its grocery categories by around 7% due to higher costs for ingredients and labor. Ford Motor (F) said it will be forced to cut output across more than a half-dozen U.S. factories in July due to continued pressure from the global shortage in semiconductors. PayPal (PYPL) is intensifying competition with Square (SQ) by launching its own physical card reader to put in stores. While both are undisputed leaders in fin-tech, PYPL has always focused more intensely on peer-to-peer transactions while SQ put more of an emphasis on consumer-to-business transactions. Twitter Inc on Tuesday named Sarah Personette as chief customer officer to oversee the social media platform's global ad sales, global content partnerships and revenue operations. The company has been making a big push to increase revenue lately. **Current stock price was written during the session and may not reflect closing prices*\* Salesforce (CRM) target raised by Evercore from $290 to $300 at Outperform. Stock currently around $244 Crowdstrike (CRWD) target raised by Truist Securities from $250 to $300 at Buy. Stock currently around $252 Facebook (FB) target raised by Argus from $385 to $410 at Buy. Stock currently around $349 Hess (HESS) target raised by Wells Fargo from $98 to $104 at Overweight. Stock currently around $87.50 Paychex (PAYX) target raised by Citigroup from $1095 to $121 at Buy. Stock currently around $107 Shopify (SHOP) with two target raises. Stock currently around $1464 Loop Capital from $1400 to $1600 at Buy Royal Bank of Canada from $1500 to $1700 at Outperform Exxon Mobil (XOM) target raised by Wells Fargo from $67 to $72 at Overweight. Stock currently around $63 "How long are you going to wait before you demand the best for yourself?" - Epictetus submitted by /u/psychotrader00 [link] [comments]

NASDAQ in Vibration mode today ⚡️Trying to make up its mind �� Posted: 30 Jun 2021 01:42 PM PDT submitted by /u/zeroIsAllorNothing [link] [comments]

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