Stocks - r/Stocks Daily Discussion Wednesday - Jul 07, 2021 |
- r/Stocks Daily Discussion Wednesday - Jul 07, 2021
- PSA for dummies like me. Don't just assume you'll remember to buy a stock. Write a note down. Make a reminder on your phone. Anything.
- China Considers Closing Loophole Used by Tech Giants for U.S. IPOs (Article in comments)
- A Simple Swing Trading System I use
- Did I buy at the wrong time, or is this just how it is?
- Thoughts on these copper stocks?
- OPEC+ Situation, no new deal yet, Oil price being shaken
- A big corporation gave me one $6 stock in 1991. Today it is worth $187. What kind of return is that on an annual basis over these 30 years?
- KO - A summer opportunity
- What is the best Semiconductor stock right now?
- Here is a Market Recap for today Wednesday, July 7, 2021
- In a low budget portfolio, Should I focus on buying more stocks from the same few companies or try to maximize the diversification?
- Thoughts on my recent investments
- What is causing this huge down spike in so many (green) growth stocks, down 5 to 10% after being down 5 to 20% last week?
- Can a person who is NOT in finance beat the market return over the long term?
- Coattail Strategy: Following Smart People
- Placing $50,000 into SP500 All At Once?
- Walgreen vs CVS
- What are the reasons why the valuation metrics of tech stocks are so high?
- Wise (formerly TransferWise) is planning to release shares and go public. What are your initial thoughts on the topic?
- Buy order at TD takes 2 days to settle.
- What stock/etf/commodity are you most bullish on in the next few months, and why?
- Why would Robinhood show my shares as Margin account types vrs Stocks?
- The relationship between intrinsic value and market price
- Why are airlines down so much?
| r/Stocks Daily Discussion Wednesday - Jul 07, 2021 Posted: 07 Jul 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]  |
| Posted: 07 Jul 2021 07:58 AM PDT I was going to buy Newegg stock after July 4th weekend. I remembered Monday. Exchanges closed. Of course.... Tuesday comes around and I completely forget it was something I wanted to do. I saw the run up over the weekend. I felt really confident that Newegg was easily a $20 stock so I figured if I can buy in at $19 I'm golden. Well looks like FOMO got everybody else and they DIDN'T forget. Don't be like me. It hurts so bad. Right down in my gut. I didn't lose anything at all. But it still hurts. EDIT: I guess there is a silver lining. My best friend and my uncle apparently both got some when I told them about it. So my research on the stock wasn't a total waste. ANOTHAEDIT: Thanks for taking it easy on me lol IMPORTANT EDIT: An even better thing that people are mentioning which I'm sure is obvious to a lot of you. Set limit orders. Could have saved me [link] [comments]  |
| China Considers Closing Loophole Used by Tech Giants for U.S. IPOs (Article in comments) Posted: 07 Jul 2021 01:41 AM PDT
[link] [comments]  |
| A Simple Swing Trading System I use Posted: 07 Jul 2021 10:53 AM PDT Please Note**: This post is meant for newer traders who are just getting started in their trading journey, it is in no way meant to be a comprehensive guide or a system that is guaranteed to work for everyone. It is simply a system I have developed over the years that I have found successful and easy to follow. This is purely for educational purposes for newer traders who may be looking for some reference as to what a trading system can look like. Would love to hear other people's system as well!** Hello friends! You may know me as the guy who writes the Daily Market Recaps on here. Today, I wanted to share a small article I wrote about trading systems. I remember when I was first getting started in the market and beginning my education, I would always hear people say "you need a trading system in order to be successful", but didn't know what that meant or how to get started. Fast forward a few years, I have been blessed enough to make a living as a trader and investor, so I wanted to share some of the things I have learned. Basically, a trading system is a set of parameters designed to remove as much emotion from trading as possible (can't count how many mistakes I have made by getting too emotional during a trade). Today I wanted to share a very simple swing-trading system I use that only uses two indicators: Fibonacci retracements and moving averages (50, 200-day) Enter the trade with a plan - Before we enter any swing trade, we use technical analysis to find entry levels, price targets, and stop losses. Entering a trade without a plan leaves you ill-prepared to both profit if the trade works or cut your losses before the bag becomes too heavy. Find High Probability Entry Using Technical Analysis - As discussed above, I technical analysis to determine high probability levels of entry during a pullback. As a rule of thumb, always wait for confirmation that a support holds before entering a trade. I want to see either the stock bounce off the support with conviction or begin to consolidate, forming a new base near the new support.
Adhere to a 2:1 Risk/Reward ratio - When entering a trade, always make sure the reward is at least double the potential risk. This way, the profit from winners is always bigger than the potential loss from the losers. I do this by setting the stop loss at 50% of the potential profit we are targeting. For example, if I am targeting a 10% gain from a trade, the stop loss will be set 5% below entry. Of course, not all trades will work out but in this way, we maximize our wins while minimizing our losses Stick to your Stop Losses - In trading stop losses are your friend. They protect your capital in case the trade goes sour. Even the best trader's in the world don't get it right anytime, protecting your capital is very important. While it might be tempting to "diamond hand" and wait for recovery, the goal of trading is not to become an investor. Cut your losses quickly before they become unmanageable and move on. There is opportunity every day in the market. If the trade works out, set stops to entry - If the trade starts working out, it is very important to then raise your stop loss and set it at your original entry price. This guarantees the trade will become risk-free, meaning you will either profit or, worst-case scenario, break even. If the trade is really working out and is up a good amount from entry, I will keep raising the stop loss to protect the profit. While trading, it is imperative never to let your gains become losses, at the worst we want to walk away from a trade that is working out breaking even. [link] [comments]  |
| Did I buy at the wrong time, or is this just how it is? Posted: 07 Jul 2021 07:05 AM PDT Around February of this year I finally decided, after months of deliberation, to finally delve into stocks. I bought around 10 shares, only investing around a few hundred or so to start. This just so happened to coincide with the whole $GME debacle (or triumph, depending who you ask?). This was purely coincidental and I didn't notice until after I bought my shares. I noticed pretty immediately that the market was unpredictable but, after weeks of stressing about it, figured I'd let my investments sit for a while -- that's what they're there for, right? After about 3-4 months of not checking my brokerage account, I finally did today. All of my investments are in the red. Some of them are down only $5, some are down $180. I actually do have one that's in the green... by two dollars. Is this normal, or was this just beginner's non-luck? 😆 Maybe it's still too soon to tell.. edit: wow! thanks everyone for all your replies/thoughts -- at work right now but will try to go through them once the work day is over. [link] [comments]  |
| Thoughts on these copper stocks? Posted: 07 Jul 2021 06:07 AM PDT I came across some copper stocks that I found interesting because of its projects and explorations. While I already have FCX, I still want to diversify the copper stocks I have and I've been looking into these: Taseko Mines (TKO)
Solaris Resources (SLSSF)
Teck Resources Limited (TECK)
What do you guys think about these? I wanna know your thoughts. [link] [comments]  |
| OPEC+ Situation, no new deal yet, Oil price being shaken Posted: 07 Jul 2021 01:28 PM PDT I have been Following the OPEC saga because 17% of my portfolio is invested in a triple leverage oil ETF (NRGU). Here's what's going on: -OPEC is in the driver's seat with the US not producing much more, and with a daily deficit of 2.2M oil barrel per day globally. Demand is going up, it is lucrative opportunity. -They have to catch up the losses from last year. A war is not in not in the favor of anyone - Saudi Arabia is playing the role of father: Being prudent, even if the economy looks better, we never know what will happen with that virus. Better to stay stable for a little while more, and to not produce much more. -United Arab Emirates (UAE) invested a lot before the pandemic to increase his production capacity. They see that it would be a golden opportunity to use it. They really want to diversify their economy for the future with that oil money. They don't want to miss the opportunity since the US might increase its production in 2022, and the global demand of oil will most likely trend downward. -On the new OPEC deal, everyone agree to only increase the production by 400k barrels per day until April 2022. There's no issue here, they must "kill" the extra supply. -Saudi Arabia wants to extend that 400k production beyond April 2022. UAE wants to produce more after that date. Looks like all the parties agree on everything except after April 2022. -Until a new agreement, the old deal stays: The supply won't increase by 400k barrels per day. This would push the oil price higher with the global demand that keeps increasing. 3 possible scenario: 1) No new deal: Keep the same production. This would shake the market with a lot of concerns on the short term (unpredictable). The UEA doesn't seem to be in a rush to conclude a new deal because everyone agrees to only increase the supply by only 400k. The present deal is good until April 2022, so it is not a big deal for them to "extend" the conversation. However, the longer it stays like that, the more it would be considerate as a relationship deterioration. 2) New deal: The are men of honor, they come to an agreement. It is a good opportunity, and unlike last year, the market is favorable. They might plan to increase the production after April 2022 to a certain degree to satisfy everyone. 3) UAE leaves OPEC: It is highly unlikely. It is not in the interest of anyone to start a production war. They are stronger working together to control the supply (cartel), instead of being individualist in a free market. A production war would be bad for every body. Conclusion: Short term uncertainty. In most cases, the oil price will stay high due to the low supply. Unlikely that UAE makes drama for weeks. So far, the present deal stands, the production stays low with a 2.2M deficit of barrels per day. Demand is projecting to keep going higher with the deconfinement. It could be a buying opportunity with a nice risk/reward. [link] [comments]  |
| Posted: 07 Jul 2021 12:19 PM PDT Back in 1991, I entered some kind of photography contest and won.(well, there were 100 "winners") The prize was one single share of that corporation's stock. The company is not a tech company, so their stocks didn't have explosive growth and make me a millionaire today. :) That one stock was worth about $6 in 1991. Over the years, they always sent me dividend checks on-time. The checks started from just 25 cents to a Dollar per year. Right now, it's about $8 in dividends per year. Their stock split a few times over the years. My original ONE share became eight shares. The current price makes the 8 shares worth about $187. If I had purchased(instead of getting it free in the contest) it in 1991 for $6, what would have been the annual return on the original $6?(based on it being worth $187) [link] [comments]  |
| Posted: 07 Jul 2021 12:46 PM PDT KO is quickly approaching the July 21 earnings report, and we are still trading about $5 below its ATH of $60. Historically, KO rises on average 5.47% during July-August (back to 2010). This makes sense considering the beverage market. Also looking at price action around earnings reveals that there tends to be a decline into earnings with a several dollar rise following. Chart also shows us teetering around a long term resistance turned support. With entertainment, travel, and dining all reaching pre-covid levels it would make sense that their earnings would follow suit. I have 100 AUG 20 57.5C that I plan on trimming as price rises. With a possible +800% at $60, it's really a no brainer to have a small stake in. Let me know your comments or concerns. TL;DR: KO upside to $60. [link] [comments]  |
| What is the best Semiconductor stock right now? Posted: 07 Jul 2021 11:03 AM PDT I've been eyeing a LEAP for either AMD, AMAT, MU or TSM. It seems MU has the lower P/E among these stocks; however I'm not sure which of these is the best buy over the next two years. It also seems to me that MU, TSM are the only stocks that haven't yet recovered, and consequently seem like better buys. Any merit in that argument? [link] [comments]  |
| Here is a Market Recap for today Wednesday, July 7, 2021 Posted: 07 Jul 2021 01:27 PM PDT PsychoMarket Recap - Wednesday, July 7, 2021 Stocks finished higher again, with the S&P 500 (SPY) and Nasdaq (QQQ) once again recording fresh intraday highs thanks to continued strength in mega-cap tech stocks like Apple (AAPL), Alphabet (GOOG), Microsoft (MSFT), and Amazon (AMZN). The Dow Jones (DIA), which has been lagging the other two indexes the last six or so weeks, continued to underperform comparatively. Market participants are currently digesting the Fed's June meeting minutes (basically notes of what was discussed) and are looking ahead to Q2 earnings season, which is set to kick off next week with big banks reporting. Oil prices remain under heavy pressure after recently reaching a multi-year high. In the latest meeting, the two most important members of the Organization of Petroleum Exporting Countries (OPEC), Saudi Arabia and the United Arab Emirates (UAE), failed to reach a deal to increase crude oil production as energy demand rebounds. At the time of writing, Brent crude settled down $2.63 a barrel, or 3.4%, to $74.53, after hitting a session peak of $77.84, its highest since October 2018. The U.S. West Texas Intermediate (WTI) crude futures settled down $1.79, or 2.4%, to $73.37 after touching $76.98, highest since November 2014. Some analysts have speculated that in light of the failure to reach a unilateral decision, individual oil producers may begin to act alone to increase production. Bob Yawger, Director of Energy Futures at Mizuho, said "The market is concerned that the UAE will step in and unilaterally add barrels and other members in OPEC will follow suit." The White House said Tuesday it was closely monitoring talks by OPEC+ and was "encouraged" after conversations with officials in Saudi Arabia and the United Arab Emirates. For equity investors, the focus was squarely on the Federal Reserve's June Meeting minutes, which will help market participants decipher that path forward for monetary policy and possible timelines for any adjustments. The Fed said the economic recovery "was generally seen as not having yet been met", but said they are ready to act if inflationary pressures indeed begin to materialize. The minutes said, "Participants generally judged that, as a matter of prudent planning, it was important to be well positioned to reduce the pace of asset purchases, if appropriate, in response to unexpected economic developments, including faster-than anticipated progress toward the Committee's goals or the emergence of risks that could impede the attainment of the Committee's goals". This is not surprising, as I have been saying for weeks now, as the pace of economic recovery improves, quantitative easing, or the purchase of government bonds in order to inject money into the economy, is always the first policy to be tapered. I am not worried about the tapering of quantitative easing and encourage everyone to read up about the 2013 Taper Tantrum, which happened when the Fed announced QE would be tapered since the economy had largely recovered from the 2008 crisis by then. In short, the Federal Reserve is maintaining current policies in place but noted they were prepared to act if unforeseen pressures or progress to their goals emerged.Mark Haefele, Chief Investment Officer at UBS Global Wealth Management said of the minutes, "If the US economic recovery continues to accelerate to a sufficiently robust level into the summer, the Fed is expected to signal rolling back its asset purchases later this year. But the actual tapering would only take place in 2022, and we believe markets have largely priced in this expectation." I fully agree, while I expect choppiness when the Fed makes more concrete statements about the taper timeline but do not see that derailing the current bull market. Highlights
"By failing to prepare, you are preparing to fail" - Benjamin Franklin [link] [comments]  |
| Posted: 07 Jul 2021 12:04 PM PDT currently I have MSFT, DIS, VTI, and AAPL, that is 50% of my investment portfolio in almost equal parts, the other 50% is an index from my country. I live in a third world country so my salary is very low, but in the last year I got into investments and I kind of enjoy the way my portfolio is growing. Right now im hesitant between investing more in the companies I currently have (which is not much) or try to diversify even if it means buying as little as I can. [link] [comments]  |
| Thoughts on my recent investments Posted: 07 Jul 2021 09:03 AM PDT AMZN, BRK.B, LMT, TMO. I recently invested a big chunk of my portfolio in these 4 tickers. I have been following all of these for quite awhile now and see good steady growth. Each is a giant in their space and I wanted to park some extra $$ on 'safe-er' companies. Thoughts/comments/criticism, all are welcome! Rest of my portfolio is divided mostly amongst tech stocks, including ETFs(10%). [link] [comments]  |
| Posted: 07 Jul 2021 12:18 PM PDT And this is in an environment where the broader market is retaining all time highs so it's not like they need to sell these smaller growth stocks to cover their margins on Blue Chips. Is it some huge orchestrated short attack, margin calls finally coming due with liquidations or other? [link] [comments]  |
| Can a person who is NOT in finance beat the market return over the long term? Posted: 07 Jul 2021 01:35 AM PDT Some greatest investors, like Warrent buffet & Peter lynch all have finance-related degrees and experience. I was just wondering if anyone without relevant experience or degree is ever able to beat the market?. [link] [comments]  |
| Coattail Strategy: Following Smart People Posted: 07 Jul 2021 06:37 AM PDT Does anyone follow any particular investors and try and mimic their trades? There are a few sites that show recent trades filed by different firms. I'm always interested in what Berkshire is doing, for example. cheaperthanguru.com shows that last quarter they bought $VZ at $58, so last week $55 looked good to me. Pulled the trigger and opened a position. Maybe you will say I should just buy an index fund instead of individual stocks, if I really don't know what I'm doing. Maybe you're right, convince me. My feeling is that stocks offer both a higher risk and a higher reward. [link] [comments]  |
| Placing $50,000 into SP500 All At Once? Posted: 06 Jul 2021 08:20 PM PDT Put my 57,000 in Savings, place all in Vanguard SP500? I have been placing about 2,000 a month into Vanguard. I make about 3,200 a month. I have on average about 57,000 in savings. About 29,000 in Vanguard 500 and 27,000 in my roth. This took 3.5 years to build. Currently 29. Would my best bet be placing $50,000 into a stock market or continue averaging down at a higher amount? I just know that's way too much in savings. My time horizon is currently 11 years before I need it. Roth is maxed. [link] [comments]  |
| Posted: 07 Jul 2021 09:38 AM PDT I am looking to invest in either Walgreen (WBA) or CVS for the long term as I think both stocks are fairly valued at their current prices and would be a good buy for a long-term hold. However, if given the choice, which of the two stocks would you buy and why? Some pros and cons for both that I can think of: WBA Pros: - Sitting on a lot of cash after selling Alliance business for $6.3 billion - Had a good earnings report where they beat estimates and showed good growth - Hired Rosalind Brewer as their new CEO, who was instrumental in Starbucks' digital transformation as their COO - They are looking to open up urgent care style clinics in their stores which will drive more traffic - It offers a nice dividend of ~3.9% WBA Cons: - Their most recent earning numbers were good largely in part due to the Covid vaccine rush, which they predicted would be a lot less next quarter and later in the year - Wallstreet analysts are still not very bullish on the stock with a Hold rating on it and a 1 yr price target of $54 CVS Pros: - also offers a nice dividend yield of 2.4% - has more favorable analyst ratings and a 1 yr price target of $95 - has shown good growth and earnings - their merger with Aetna will help drive more customers to the stores for their in-store clinics CVS Cons: - could see a similar drop in traffic due to covid vaccine demands going down after summer - There are talks of Amazon moving into the pharmacy business but not sure how much of a threat that would pose and how realistic that is Thank you for your responses! [link] [comments]  |
| What are the reasons why the valuation metrics of tech stocks are so high? Posted: 07 Jul 2021 10:23 AM PDT You can find companies with relatively good PE ratios but the EV/EBITDA, P/B and P/S seem to be substantially high. Is it because these stocks are in high demand and there is a lot of anticipated growth for the upcoming future? [link] [comments]  |
| Posted: 07 Jul 2021 04:30 AM PDT They are also planning on doing a reward program: "Hold your Wise shares for at least 12 months. We'll then reward you with an extra 5% bonus shares (up to £100) and other exclusive perks." Could the company be worth investing into? [link] [comments]  |
| Buy order at TD takes 2 days to settle. Posted: 07 Jul 2021 01:41 PM PDT Could someone please tell me how long it takes to execute and settle a buy order at IB? I purchased BXMT in my TD account on June 29 ex div is June 30. Lesson learned. 2days to settle at TD. I'm curious if I made the same buy order at IB if it would have settled next day, rather then 2. It cost me 600 some odd dollars of div income. [link] [comments]  |
| What stock/etf/commodity are you most bullish on in the next few months, and why? Posted: 07 Jul 2021 07:25 AM PDT For me personally: $KLR - undervalued high margin growth stock, think of a mini Italian twillio $MOON - exposure to tech, hasn't run up as much as ARKK yet $URA - uranium, has seen a large correction recently, good buying opp now $PSFE - momentum swing play Anything else? [link] [comments]  |
| Why would Robinhood show my shares as Margin account types vrs Stocks? Posted: 07 Jul 2021 11:36 AM PDT Today I went to start a transfer from my Robinhood account to Fidelity. I thought that my stock purchases where that, stocks. When I pulled up my statements to do the transfer I saw the account type as margin. Can anyone share insights?? I'm not understanding what I'm googling. Thanks in advance! [link] [comments]  |
| The relationship between intrinsic value and market price Posted: 07 Jul 2021 01:04 PM PDT The following is a slightly edited excerpt from the book Security Analysis. The passage was written in 1934 and it is amazing how valid it is today. In security analysis, there are two general attitudes that go into determining the market price of securities. They are investment attitudes and speculative attitudes. Speculative attitudes include the following: Market factors:
Speculative and investment attitudes may share the following attitudes: Future value factors:
Investment attitudes are distinct from speculative attitudes in that they asses objective intrinsic value factors: Intrinsic value factors:
All of these factors together form the attitude of the public towards the issue - causing them to present bids and asks at the price they deem appropriate to exchanges that in turn forms the current market price. Of course there have been many new developments since this was written, but big banks scalping for a few cents per share on each trade doesn't change the facts above. It seems like good practice to think about all of these before making a purchase or sale to form a final opinion on if the transaction is an investment or a speculation, and even to think about what the person on the opposite side of the transaction is thinking. Also goes to show that if efficient market theory really does exist, then the value of equities may be extremely disjoint with what its financial intrinsic value is. The purpose of this post is not to enrage or start an argument like how some people tend to interpret posts, but rather to create some discussion points and hopefully add to all of our knowledge base or at least make you take a second and think about it. [link] [comments]  |
| Why are airlines down so much? Posted: 07 Jul 2021 04:32 AM PDT I was up nearly 20% at one point on UAL, and ever since it's been declining constantly. With the vaccination rollout going well, and the world reopening, does anyone have any ideas as to why this decline is happening? The picture is the same across all airlines. [link] [comments]  |
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