Stocks - r/Stocks Daily Discussion & Technicals Tuesday - Jul 06, 2021 |
- r/Stocks Daily Discussion & Technicals Tuesday - Jul 06, 2021
- Is anyone else sick and tired of seeing all the people “predicting” a market crash
- S&P500 did 17.6% in first half of 2021, how did you do against the average?
- Virgin Galactic ($SPCE) Upcoming Catalysts
- Pentagon cancels $10 billion JEDI cloud contract that Amazon and Microsoft were fighting over
- Business Insider: Many top investors are predicting an epic market crash.
- Taking profits - how?
- Here is a Market Recap for today Tuesday, July 6, 2021. Please enjoy!
- I like Amazon but it's expensive
- I analyze all those scraper posts and use it to make actual stock picks
- When looking at a stock, what are the first three things you look for?
- Are there any broad, index-type retirement ETFs that avoid health insurance companies as an immoral product?
- China’s antitrust watchdog to block Tencent’s merger of Huya and Douyu
- Morning Update for Tuesday, 07/06/21
- Preparation for trading day - July 06, 2021
- Voo, VTI, Dow Jones...
- Walgreens Boots Alliance (WBA)
- Roth IRA - Is there anything I’m missing?
- An interesting article from 2013 I stumbled upon in my bookmarks
- NVDA stock split best move?
- I'm doing the "Big Short" but on Bonds reaching new ATHs, what would be the other plays on this apart from just buying Calls on TLT?
- Can you guys recommend any youtubers/ social media people with actual good investing advice?
- Relationship between British Petroleum and OPEC+ (and compared to USA)
- Stop Loss Order Advice
- An introduction to value traps
| r/Stocks Daily Discussion & Technicals Tuesday - Jul 06, 2021 Posted: 06 Jul 2021 02:30 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post. Some helpful day to day links, including news:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions. The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price. TA can be useful on any timeframe, both short and long term. Intro to technical analysis by Stockcharts chartschool and their article on candlesticks If you have questions, please see the following word cloud and click through for the wiki: See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Is anyone else sick and tired of seeing all the people “predicting” a market crash Posted: 06 Jul 2021 08:33 AM PDT It seems like every day I'm seeing a post on this subreddit of people with articles saying "all the experts are predicting a crash." It's so annoying seeing these types of post. It's not helpful Bc there is no way to predict when a crash will occur. [link] [comments]  |
| S&P500 did 17.6% in first half of 2021, how did you do against the average? Posted: 05 Jul 2021 06:22 PM PDT Interesting, its is very hard to beat the market and this has shown me how hard it truly is. I did some own research for June 30 and it was interesting what I came up with. Only 2 out of the 15 stocks I hold are beating the s&p500 as of June 30, while the rest are below it by 5-10%. Some that I have held and are long term holds, and I have done well over the time span but if I averaged it out, I believe would be close to this 17%. How is everyone doing against this benchmark? Do you reset your account at the end of the year to maximize gains? Are you happy, do you believe you can beat the SP 500 this year? What was the play that helps you beat the market at the moment. [link] [comments]  |
| Virgin Galactic ($SPCE) Upcoming Catalysts Posted: 06 Jul 2021 03:25 AM PDT Hey everyone, In case you don't know what Virgin Galactic is I'll provide a brief overview about their company: -Virgin Galactic is a British-American spaceflight company that operates in the United States. It was founded by Richard Branson and his Virgin Group retains a 24% stake. It is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists. Great! Now let's talk about what they are expected to achieve in the future and their upcoming catalysts. •First and foremost, THIS SUNDAY they'll send the Billionaire and founder Sir Richard Branson to space! This means he will be the first billionaire to go to space while competing with Blue Origin (Jeff Bezos company- Former Amazon CEO). He recently arrived to Spaceport America and is currently ongoing preparations for the flight. After this flight they will be ready to start commercialisation and start making revenue in early 2022. (On the earnings call they predict an estimated 400 flights per year in future years with major celebrities on board i.e Justin Bieber, Brad Pitt, Angelina Jolie, etc.) •In addition, after the test flight Richard Branson is expected to announce "something very exciting" source (1:20) •The third catalyst is Jeff Bezos Blue Origin flight that will take place the 20th of July. This company is a competitor for Virgin Galactic and just like $SPCE they will start commercialisation after their flight. This is relevant catalysts due their auction showed us the high demand for the space tourism sector. The bid for one ticket topped a whooping $28 Million! •Let's not forget that in late 2020 Virgin Galactic signed an agreement with Rolls Royce to design super sonic jets. These jets are supposed to take you from New York to London in just 2 hours. Will there be an announcement about this later in the future? source •Virgin Galactic is supposed to expand their fleet (VS3 Imagine and expand operations into the UK in Cornwall Airport. Boris Johnson- UK prime minister recently authorised this airport for space related launches. source •Lastly, there will be another flight later this year which will take the Italian Air Force to space for research. source I hope this post was useful for you. It's obvious this company has an exciting future ahead! ✅ Please join r/SPCE for stock discussion! (Image for post: https://media.wired.com/photos/5c12e820d396be0cb1d2b1e2/125:94/w_2374,h_1785,c_limit/VSSUnity_120316_VG01_A2A_OO021.jpg) [link] [comments]  |
| Pentagon cancels $10 billion JEDI cloud contract that Amazon and Microsoft were fighting over Posted: 06 Jul 2021 10:04 AM PDT
Which company do you think will win the contract? will there be underdog companies challenging the cloud gaints? Full source: https://www.cnbc.com/2021/07/06/pentagon-cancels-10-billion-jedi-cloud-contract.html [link] [comments]  |
| Business Insider: Many top investors are predicting an epic market crash. Posted: 06 Jul 2021 05:33 AM PDT Some have seen this from the off, but now it's coming in to the public consciousness, with the very first threads starting to seep through from mainstream media. What's your opinion on this? Are you prepared? Or do you just think the bears are being paranoid? [link] [comments]  |
| Posted: 05 Jul 2021 03:58 PM PDT Hello, I am up about 50% on AAPL and 20% on MSFT. Would be more but I do not live in US so FX plays a big part in reducing my profits. I would like to take out the gains. Questions is: - Do I sell all of my stocks, then take out the profit ( for instance MSFT sell all, take 20% off the table) , and reinvest? Is that the normal way? - how do you only take out the profit, leaving the rest in? Is that possible? I am long on these, but profit taking this week. EDIT: I literally got a response within a minute. No bad words, no this and that- straight to the points and Also advice. Great sub. Thank you. EDIT 2: the profits are going into a apartment to rent out. I have times where I regret not selling and re-entry. That is why I would lock profit, reinvest in property and still keep the initial investment. EDIT 3; I live in Norway. Tax is 31,68% on gains + FX USD/NOk screwed me a bit. FIFO [link] [comments]  |
| Here is a Market Recap for today Tuesday, July 6, 2021. Please enjoy! Posted: 06 Jul 2021 01:34 PM PDT PsychoMarket Recap - Tuesday, July 6, 2021 Stocks traded mixed today, with the Nasdaq (QQQ) reaching a fresh intraday high, driven higher by continued strength in mega-cap tech stocks. The S&P 500 (SPY) opened at a new all-time high but was unable to hold onto the gains throughout the day and finished modestly lower while the Dow Jones (DIA) fell roughly 0.6%. Each of the major indexes had jumped to fresh record closing highs on Friday, propelled by the June jobs report that showed a healthy pace of recovery in the labor market but that did not suggest an overheating economy. Last week, the US Department of Labor released the Job June report, which showed a stronger-than-expected acceleration in hiring, with non-farm payrolls rising by 850,000, the sixth straight month of gains. The unemployment rate however, ticked slightly higher to 5.9%. Here are the numbers
Oil prices turned lower after recently climbing to a multi-year high amid a breakdown in discussion between the two largest members of the Organization of Petroleum Exporting Countries (OPEC), with Saudi Arabia and the United Arab Emirates in a gridlock over production cuts. The meeting, whose purpose was to increase output given an increase in demand for energy, yielded no decision. In response, Saudi Arabia raised the August official selling prices of all crude oil it sells to Asia, according to the state's oil producer Aramco. Goldman Sachs analyst Damien Courvalin said, "As negotiations continue, we estimate that most outcomes still implies higher prices in the coming months as the physical market tightens and with higher OPEC production that the group discussed needed by the global oil market next year. Price volatility will likely rise." Looking ahead, market participants are waiting for the release of the Federal Open Market Committee's June meeting minutes (basically notes of what was discussed), which will help reveal central bankers' thoughts around adjusting monetary policy as the economic recovery matures. The June meeting had marked a notable shift in the Fed's outlook, with the central bank signaling as many as two rate hikes by 2023. Subsequent public remarks revealed a number of committee members were also warming to the idea of a sooner-rather-than-later move to taper the Fed's crisis-era asset purchase program. In my opinion, it is extremely unlikely that the Fed will signal any acceleration in the timeline regarding interest rates but will not be surprised if more members discussed tapering quantitative easing in the coming months. Next week, earnings season for the Q2 kicks off, with big banks scheduled to report first. Earnings are expected to continue being super-charged by stronger than expected demand from savings-laden consumers that are finally emerging from lockdown thanks to effective distribution of the coronavirus vaccine. So far, analysts are looking for S&P 500 earnings to grow by 61.9% year-on-year in aggregate, according to FactSet data – an estimate UBS's Head of Equity Derivatives Research Stuart Kaiser said may still be "need to be revised higher." This would mark the fastest pace of earnings growth since Q4 of 2009. Highlights
"The green reed which bends in the wind is stronger than the mighty oak which breaks in a storm." - Confucius [link] [comments]  |
| I like Amazon but it's expensive Posted: 06 Jul 2021 11:03 AM PDT I understand no one can 100% predict stocks. But can someone give me an informed opinion of when they would advise to invest into amazon to get the most bang for my buck or correct my understanding of their p/e ratio and market cap, and how to use this info. I have some bad luck ATM I invest in small amounts as practice then that stock just drops lol, I'm afraid Amazon gonna do that to me as well. Yes I understand nothing is linear straight line. At this time Market cap = 1.85T P/E ratio = 66.816 Volume = 5m I understand what the definitions of market cap, p/e, etc, but not how to apply them because of this for example, "The P/E ratio can be used to compare two or more companies. This can be useful given that a company's stock price, in and of itself, tells you nothing about the company's overall valuation." So how do you tell if a stock (amazon) is over valued, or you can't that's why the stock market is a gamble? [link] [comments]  |
| I analyze all those scraper posts and use it to make actual stock picks Posted: 06 Jul 2021 08:33 AM PDT As some of you may know, I track Reddit scrapers to use sentiment data to tell me what trades I should make, how long I should hold, and what kind of percentage I should expect. (Link 1, Link 2, Link 3, post history has more) * DISCLAIMER: I have nothing to do with MillenialBets, I just got tired of updating multiple scraper spreadsheets a day so had to pick the most successful one. I chose MB. They don't have the best data and are pretty bare bones with the categories, but they're very easy to copy/paste into a spreadsheet. So I'll just be talking about them with this post So far I've been tracking the data for a few months, although the spreadsheet will only reflect the last 30 days since I delete anything older. This keeps the trends fresh and up-to-date. You can tell that May was a really bullish month because the average returns were 12% with a confidence level of over 95%. Now that I've deleted anything before June 6th the average max returns are 7% with a confidence level of 90%. What does this mean in english? If you pick the most successful categories you used to have a 95% chance of it going profitable, and the average max returns was 12% in 9 days. Now you have a 90% chance with an average max returns of 7% in 9 days. Since that is the MAX average I usually set my sell point at 5%. Here are some screenshots of how I use the data to determine stock picks So what's my success rate so far? Here's my success rate with my real world money over the last 2 weeks:
It seems the markets cooled down in June and the data is reflecting that. That probably explains why the data didn't hit max peak as often as it could have, even though it was overall very profitable. This means there will always be a little lag between the current market and the one being tracked. I may start deleting any data over 2 weeks old to ensure that the trends are as close to today as possible. It'll be a balancing act though, since I'd have trouble trusting in that little data. [link] [comments]  |
| When looking at a stock, what are the first three things you look for? Posted: 06 Jul 2021 12:34 PM PDT I'm relatively new to investing and looking to grow my mind on this down day. When looking for bullish stocks or/and just potential good plays, what are the three first things you go too? On the downside, what are you looking for? Puts and shorting? [link] [comments]  |
| Posted: 06 Jul 2021 01:41 PM PDT Like I've seen ETFs that avoid cigarette companies and polluters. I personally don't like that my retirement account profits off of America's immoral, cruel healthcare system and would like a way to generally get the benefits of an S&P 500 type index fund but not own those companies. [link] [comments]  |
| China’s antitrust watchdog to block Tencent’s merger of Huya and Douyu Posted: 06 Jul 2021 06:14 AM PDT China's antitrust regulator is set to formally block Tencent Holdings' plan to merge the country's top two video game-streaming sites, Huya (HUYA) and Douyu (DOYU), three people familiar with the matter told Reuters. Tencent has failed to come up with sufficient remedies to meet the State Administration for Market Regulation's (SAMR) requirements on giving up exclusive rights, said two of the people. The internet giant recently withdrew the merger application for antitrust review and refiled it after SAMR told the company it could not complete the review of the merger within 180 days since its first filing, one of them and a separate person said. The people declined to be named as the information is private. Tencent – China's number one video game and social media company – Huya, Douyu and the SAMR did not immediately respond to Reuters' requests for comment. Separately, Tencent's plan to take private search engine Sogou will be approved this month by SAMR, one of the people said. Reuters reported in April the regulator was ready to clear the plan. Tencent first announced plans to merge Huya and Douyu last year in a tie-up designed to streamline its stakes in the firms, which were estimated by data firm MobTech to have an 80 per cent slice of a market worth more than US$3 billion and growing fast. Huya and Douyu are ranked number one and number two, respectively, as China's most popular video game-streaming sites, where users flock to watch esports tournaments and follow professional gamers. Tencent is Huya's biggest shareholder with 36.9 per cent and also owns over a third of Douyu, with both firms listed in the United States, and worth a combined US$6 billion in market value. Reuters reported in March, citing people with knowledge of the matter, that Tencent was having to offer concessions in a plan to merge Huya and DouYu to resolve antitrust concerns. [link] [comments]  |
| Morning Update for Tuesday, 07/06/21 Posted: 06 Jul 2021 06:01 AM PDT Good morning everyone! I hope you had a nice 4th of July, and enjoyed the long weekend. This list is geared towards day trading. With the momentum watchlist especially, I am typically in and out very quickly, only occasionally longer than a couple minutes, usually faster scalps. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management for your account. Main Watchlist: Gapping UP:
Gapping DOWN:
Market Outlook: Stocks are looking at a somewhat mixed open after we saw a strong week in the market last week. China is cracking down on some of its tech companies, and we are seeing a reaction from the market. Things aren't looking great for DIDI, but I'll be following stocks like BABA, BIDU, NIO, etc. to see how the market reacts today. SPY is trading a bit under 434, and could be due for a pullback. DIA is trading just under 348, and I'm still bullish as long as it hold up over the key level of 345. Tech stocks continue recent strength, with QQQ set to make a new ATH once again. Gold, silver, and crude oil are all green this morning. EV stocks are mixed this morning, with Chinese EV's showing weakness at the moment. Meme stocks are showing some strength this morning and will be worth following, with AMC leading the way at the moment. Remember to use proper risk management, by making sure you size appropriately for your account and have a plan for every trade you enter (both for taking profits and cutting losses). Happy trading everyone :) [link] [comments]  |
| Preparation for trading day - July 06, 2021 Posted: 06 Jul 2021 06:20 AM PDT Preparation for trading day - July 06, 2021Note that this only includes stocks with larger market cap and stocks considered popular. Notable Price Upgrades and DowngradesApple (AAPL):
Moody's (MCO):
Domino's Pizza (DPZ):
Monday.Com (MNDY):
Eli Lilly (LLY):
Virgin Galactic Hldgs (SPCE):
American Express (AXP):
3M (MMM):
Texas Instruments (TXN):
Skyworks Solutions (SWKS):
NVIDIA (NVDA):
Today's Economic Calendar
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: 06 Jul 2021 11:59 AM PDT New to investing and am looking for mostly passive investments with the occasional stock I pick. Right now I have a large chunk in Voo and two fidelity ETFs. Then around 5-10 singular stocks that I have a good feeling about. My question is: Is it safe to invest my large sum into a single ETF? Or should I diverse those? Last but not least, is Voo a solid long term investment (putting in each paycheck). Thanks and sorry for the bad format (mobile) [link] [comments]  |
| Walgreens Boots Alliance (WBA) Posted: 06 Jul 2021 07:49 AM PDT I just bought 200 shares on the dip at $47.28. Here's my plan with a bit of DD. I follow The Gwendolyn Weiss school of thinking as "DIVIDENDS DON'T LIE"
MY PLAN: - Wait for stock price to hit $49 - Collect the 1% quarterly dividend and sell 2 covered calls for Oct 2021 @ 52.50 for $225 per contract.
What do you guys think? [link] [comments]  |
| Roth IRA - Is there anything I’m missing? Posted: 06 Jul 2021 09:18 AM PDT Hello all, I have a quick question for my Roth IRA portfolio. I'm in my mid 20's, I currently hold QQQ, QQQJ, VO, and VB. Do you think I need anything else for a set and forget retirement portfolio? Thank you all. [link] [comments]  |
| An interesting article from 2013 I stumbled upon in my bookmarks Posted: 06 Jul 2021 12:03 AM PDT https://www.businessinsider.com/robert-shiller-explains-how-to-use-cape-2013-11 It basically talks about the P/E ratio of the entire market and how it was dangerously high in 2013 (24.4 vs average of 16). It was reminiscent of the 2008 levels and caused a bit of a panic among investors who closely follow that metric. The article goes on to explain that this doesn't necessarily mean that a big crash is coming, but rather that it predicts lower long-term returns. The punchline of the article is the following advice: In other words, don't dump stocks and hide in cash because the CAPE is at 24. Rather, buy less, be cautious, and expect lower returns for years to come. As we now know, the SP500 grew almost 250% since that article came out. An unprecedented growth. Just goes to show that no amount of data analysis will give you an accurate prediction of the market. The market does what it does and doesn't care about conforming to past events. Also, don't take these kinds of articles to heart, and don't try timing the market. [link] [comments]  |
| Posted: 06 Jul 2021 12:51 PM PDT So I have 6 NVDA purchased before record date at around $714. I plan to hold the stock long term but wouldn't mind selling to reposition after the split. If I sell my shares before market close of July 19, will I be able to receive the additional split shares? Is it better to sell before split, wait for correction and buy back again or should I just hold through the split? [link] [comments]  |
| Posted: 06 Jul 2021 11:07 AM PDT Like what else would this affect? yes i am making a "Big Short" kind of play but its more like im playing the opposite side instead of shorting, for example me thinking that stocks are gonna crash im going long calls on bonds thinking they are gonna hit new ATHs within a year currently holding about 8 calls on TLT for $170 about a year out, actually expiring Dec 2022 im thinking bonds rise to Pandemic highs tbh but what else am i able to play if i think that bonds are going to go up? I know that yields in theory should go down but i have no idea how to shorts yields what else would i be able to do? [link] [comments]  |
| Can you guys recommend any youtubers/ social media people with actual good investing advice? Posted: 05 Jul 2021 05:42 PM PDT I've noticed that the vast majority of people who make investing content are either already rich and don't know what they're talking about, scammers trying to pump their own investments or get you to sign up for some course/ subscription, or they only give very vague, basic advice that you could find on any beginner guide. Do you guys follow anyone that doesn't fall into the above categories and is transparent about what their positions are? Even something as simple as "I think this stock is a good /bad pick right now for these reasons" would be really helpful. Thanks! [link] [comments]  |
| Relationship between British Petroleum and OPEC+ (and compared to USA) Posted: 06 Jul 2021 09:15 AM PDT I dont know much about the O&G industry. in fact, probably none. the only thing i know is that OPEC countries have production costs in the single digits. While the other country's are in the high double digits. In addition, USA does shale oil extraction. i was wondering what is a quick run down if someone can give me. also questions i had were.
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| Posted: 06 Jul 2021 10:15 AM PDT Everyone is predicting the next market crash, which is bologna because no one can predict the next crash, but that doesn't mean setting some stop-loss orders isn't a good practice. Regarding index funds (S&P and total market), what percentage drop would you think is indicative of a larger crash beginning? I'm thinking a 10% drop in something like VOO could be a strong indicator it could be getting worse but I'm newer to investing and want to get some advice from some people who have experienced crashes before. Thanks! [link] [comments]  |
| An introduction to value traps Posted: 06 Jul 2021 01:54 PM PDT Some of you don't need this post, but some definitely do. The purpose of this post is to shed light on issues with some of wall streets common ratios with profitable but shrinking, deceiving or problematic businesses. A value trap is when a company looks like a great deal now, but in the past it has had strong fundamentals and the market has never realized this. It's hard to spot a value trap from one or even 5 years of fundamentals. Most become obvious after 5 years. This happens for a number of reasons. There could be underlying business problems that are not reflected in the current financials like the phasing out of an industry. The company could also lack competitive advantages and are expected to fall father behind in years to come. Take a look at Macy's (NYSE:M) There are some obvious ways to fall into this trap. You could look at average earnings ad revenue, and compare it to the current market cap. Wow! pretty obvious discount. Average book value has been pretty good too. But looking deeper into factors that are not as integrated into the common ratios like massively decreasing operating cash flows. The market outlook for departments stores has been very negative, thus creating a temporary value trap before Macy's business starts to really deteriorate. (NYSE:SNEX) One interesting case study is StoneX. They have massive revenues that show up on screeners and financial data websites, but in reality the revenue is recognized through their sales of commodities that are bought and sold StoneX, creating a net revenue from this operation of almost zero when accounting for the capital expenditures for these commodities. This is an example of a deceiver. These are just some thoughts I have. They may not align with your opinions or they may be outright wrong. I use macrotrends.net to quickly look at long term data, but sometimes their data it completely wrong so you can't completely rely on them. u/Astronomer_Soft made a great note on some common fundamentals that value traps have: Easiest way to spot a value trap. Usually has many of these factors:
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