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    Friday, July 9, 2021

    Stocks - r/Stocks Daily Discussion & Fundamentals Friday Jul 09, 2021

    Stocks - r/Stocks Daily Discussion & Fundamentals Friday Jul 09, 2021


    r/Stocks Daily Discussion & Fundamentals Friday Jul 09, 2021

    Posted: 09 Jul 2021 02:30 AM PDT

    This is the daily discussion, so anything stocks related is fine, but the theme for today is on fundamentals, but if fundamentals aren't your thing then just ignore the theme and/or post your arguments against fundamentals here and not in the current post.

    Some helpful day to day links, including news:


    Most fundamentals are updated every 3 months due to the fact that corporations release earnings reports every quarter, so traders are always speculating at what those earnings will say, and investors may change the size of their holdings based on those reports. Expect a lot of volatility around earnings, but it usually doesn't matter if you're holding long term, but keep in mind the importance of earnings reports because a trend of declining earnings or a decline in some other fundamental will drive the stock down over the long term as well.

    See the following word cloud and click through for the wiki:

    Market Cap - Shares Outstanding - Volume - Dividend - EPS - P/E Ratio - EPS Q/Q - PEG - Sales Q/Q - Return on Assets (ROA) - Return on Equity (ROE) - BETA - SMA - quarterly earnings

    If you have a basic question, for example "what is EBITDA," then google "investopedia EBITDA" 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.

    Useful links:

    See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.

    submitted by /u/AutoModerator
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    How exactly is Nestle an ESG company?

    Posted: 09 Jul 2021 04:52 AM PDT

    As the title say, how in hell does Nestle belong to ESG funds? Nestle is one of the most corrupt organizations in the world. Articles like this come out everyday.

    So can somebody please explain how Nestle is fit to be in an index fund that uses ESG values?

    submitted by /u/TheCoStudent
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    Here is a Market Recap for today Friday, July 9, 2021. Please enjoy!

    Posted: 09 Jul 2021 02:00 PM PDT

    PsychoMarket Recap - Friday, July 9, 2021

    The stock market pulled a remarkable turnaround today, shaking off yesterday's declines with the S&P 500 (SPY) rocketing to another record intraday high, led by the financial and energy sectors, which had been lagging as of late and continued strength in mega-cap tech stocks. It seems that after a brief flare-up of concerns regarding the coronavirus delta variant and a potential acceleration of the timeline to taper quantitative easing in the US, fears have greatly tempered. At the time of writing, the Dow Jones (DIA) rose 1.27% while the Nasdaq (QQQ) rose 0.6% and is very slightly below it's all-time high. The Russell 2000 (IWM), which tracks the performance of small-caps, led the day, rising more than 2%.

    In recent weeks, market participants are increasingly trying to gauge if the surge we are seeing in the more contagious coronavirus delta variant will weigh on global growth rates. Yesterday, it seems concerns came to a head after the Japanese government made a last minute announcement that a state of emergency would be re-instituted across Tokyo and that all events would take place behind closed doors, with no spectators, walking back an earlier decision to allow locals to attend the games. The state of emergency will begin on Monday and run through Aug. 22, while the games are scheduled from July 23 to Aug. 8. On Wednesday, 16 days before the Opening Ceremony, the Tokyo Metropolitan Government reported 920 COVID cases, over 200 more than any other single-day total since May. On Thursday, it reported 896, the second-highest count since May. Other countries, like India and Brazil, are also dealing with an extremely worrying surge of cases. Even in the US, where roughly 50% of those eligible are fully vaccinated, the country is seeing a small surge in cases recently, with the delta variant accounting for 51.7% of all new infections, according to the CDC. According to reports, as of yesterday, only 16.8% of the Japanese population was vaccinated against the virus.

    In other news, in another move that raised concerns about the global growth rate, China's central bank signalled it will be cutting the amount of cash that banks must hold in reserve, a move that suggests the economic recovery in China may be slowing down. The People's Bank of China (PBOC) will reduce the reserve requirement ratio by 0.5 percentage points for most banks, according to a statement published Friday. That will unleash about 1 trillion yuan ($154 billion) of long-term liquidity into the economy and will be effective on July 15, the central bank said. The reduction was signaled earlier this week, when the State Council, China's equivalent of a cabinet, hinted the central bank would make more liquidity available to banks so they could lend to smaller firms hurt by rising costs. The timing and magnitude of the move, coming a week before second-quarter growth data, suggests worries about the economy's outlook and was a decisive shift away from policy tightening, which most, if not all, recovering economies are pursuing.

    Ken Cheung, Chief Asian Foreign Exchange Strategist at Mizuho, said "The PBOC came in broader and sooner than expected, highlighting the policy urgency to support the Chinese economy. Such firm easing measures could further fuel concern over China's growth outlook in the second half as well as the upcoming Q2 GDP figures in the coming week". Just to put into more familiar terms, this would be like if the Federal Reserve suddenly turned around and said rather than discussing tapering quantitative easing, it would instead propose pumping more money into the economy.

    While these global concerns did jitter the market yesterday, the impressive recovery in US equities underscores the remarkable strength of its economy, as the country continues reopening thanks to effective distribution of the vaccine, with 48% of the population fully vaccinated, according to the CDC. In my opinion, while the delta variant does pose a risk to global growth rates, and the market may react negatively to headlines about it, the foundations of the recovery in the US (i.e nation-wide reopening measures, a rapidly improving labor market, record earnings from companies, and a high level of savings among Americans) are very strong and will continue to underpin a bull market here.

    Highlights

    • The recent sell-off in crude oil recovered, with the West Texas Intermediate crude oil futures settling higher by 2.2% to $74.56 per barrel at the time of writing.
    • Apple (AAPL), the largest company in the world, reached a new all-time high today.
    • President Biden is expected to sign an executive agreement ordering the Federal Trade Commission to limit or ban noncompete agreements, unnecessary occupational licenses, and revise guidance for sharing wage information between the HR department and workers and other employers.
    • Tesla (TSLA), Brookfield Asset Management (BAM) said Friday they would work together on a new initiative to create the nation's most sustainable residential community. The companies said the provisionally named SunHouse at Easton Park in Austin, Texas, would be the first Tesla Solar neighborhood.
    • On Monday, a trial will kick off in the Court of Chancery in Wilmington, Delaware between Elon Musk and shareholders. The plaintiffs alleged that Musk used his control at Tesla to force the company to buy SolarCity for $2.6 billion in order to protect his investment in the company from bankruptcy and want Musk to pay that money back to Tesla. IMO seems a little weird to me to sue about this given that SolarCity has proven to be a good acquisition for Tesla.
    • Apple (AAPL) is reportedly in early talks with the NFL to buy the rights to stream Sunday Night games for their streaming service. A while ago, Amazon (AMZN) bought the right to stream Thursday NFL games for Prime Video.
    • Marvel's "Black Widow, opened in theaters last night and is expected to be the biggest opening since 2019, with the film projected to bring around $80 million domestically. This is huge and a sign that Americans' appetite to go to movie-theaters is very real. Personally, I'm going to go watch in the theaters this weekend.
    • Foxconn, a well known supplier for Apple, is discussing plans with Fisker (FSR) to open a factory to build EV's in Wisconsin. In a statement, the company said, "Foxconn has engaged the Wisconsin Economic Development Corporation (WEDC) to discuss the company's plans for electric vehicle manufacturing. Foxconn is optimistic about our partnership with WEDC and looks forward to ongoing discussions
    • **Please note that current stock price was written during the session and may not reflect closing prices*\*
    • Aptiv (APTV) target raised by Jefferies Financial from $170 to $182 at Buy. Stock currently around $155.
    • Baker Hughes (BKR) target raised by Morgan Stanley from $26 to $28 at Overweight. Stock currently around $22.75
    • BlackRock (BLK) target raised by Morgan Stanley from $944 to $1017 at Overweight. Stock currently around $901
    • Costco (COST) with four target raises today. Stock currently around $413
      • Telsey Advisory Group from $415 to $440 at Outperform
      • Oppenheimer from $425 to $450 at Outperform
      • Stifel Nicolaus from $410 to $420 at Buy
      • Morgan Stanley from $415 to $425 at Overweight
    • CrowdStrike (CRWD) with two target raises. Stock currently around $264.
      • Piper Sandler from $250 to $280 at Overweight
      • BTIG Research from $256 to $302 at Buy
    • Discover Financial Services (DFS) target raised Barclays from $132 to $146 at Overweight. Stock currently around $122
    • Elastic (ESTC) target raised by Piper Sandler from $165 to $175 at Overweight. Stock currently around $150
    • Fidelity National Financial (FNF) target raised by Barclays from $56 to $58 at Overweight. Stock currently around $44
    • Levi Strauss (LEVI) with a host of target raises. Average price target is $34.6 at Buy. Stock currently around $28.3
    • PayPal (PYPL) with two target raises. Stock currently around $300.
      • Evercore ISI from $313 to $370 at Outperform
      • Oppenheimer from $322 to $342 at Outperform
    • Visa (V) target raised by Oppenheimer from $260 to $281 at Outperform. Stock currently around $238
    • Wayfair (W) target raised by Jefferies Financial from $350 to $355 at Buy. Stock currently around $304

    "An investment in knowledge always pays the best interest." - Benjamin Franklin

    submitted by /u/psychotrader00
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    Msft vs amzn weight in portfolio?

    Posted: 09 Jul 2021 10:38 AM PDT

    I have about 13.5% portfolio in MSFT and about 2.5% in AMZN and about the same in GOOGL. Should I move some long shares from MSFT to either GOOGL or AMZN?

    Or am I ok the way things are weighted? Do you think either AMZN or GOOGL has more potential than MSFT in the next 5 years for example?

    I look at MSFT more as a solid foundation with moderate growth that's why I'm weighted a little heavy on it.

    My AAPL is about 5% also by the way. For some reason I worry more about AAPL though compared to MSFT. Don't know why though. Maybe their limited products compared to MSFT?

    Thanks

    submitted by /u/apooroldinvestor
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    Day traders who have full-time jobs, how do you do it?

    Posted: 08 Jul 2021 09:51 PM PDT

    Hello everyone. I've tried trading when I was laid off due to the pandemic and I can say that it was going well. Though recently, I got a job offer which means I'll have less time for trading. I heard about trading bots and signed up for some with free access. I've found most of them intimidating, especially that I'm not well-diverse in terms of programming. I also tried signing up on various apps and got waitlisted on Breaking Equity (which I think caters to beginners?) so far, but still haven't accessed and used their features yet.

    Are there any other ways to be hands-on with trading while having a full-time job apart from automation/trading bots? I can't rely on my income stream on my investments alone and I really need this job. TIA!

    submitted by /u/ebriatefolloweds2
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    I went over the entire TSX and TSXV. Here's what I conclude

    Posted: 09 Jul 2021 10:28 AM PDT

    Of these, about 80% have little or no revenue, and have massive accumulated deficits offset by large issues equity (The companies lose money YoY, and to stay afloat they sell more and more shares each year). This really destroys shareholder value, and makes these companies toxic. Most of these companies are mining, materials or exploration companies by category, but in reality they just own a plot of land they believe has some resource buried deep in it. I read through the annual reports for about ten of these companies. The reports are very simple, and it is clear that they have deep issues in operations and financials.

    There are a number of SP*C like companies that offer little promise. They claim that they are a resource or manufacturing company - but looking deep into their operations the words "planned manufacturing" or "future acquisitions" are prevalent in any discussion about operations or assets. These companies have nothing going on. They may have some ideas or plans, some capital to carry out these plans, but they don't actually own or do anything. There are hundreds of these companies.

    There are a few promising small cap companies, and more promising mid to large cap companies. I have tabulated 110 companies that have some promise or have good current operations. These are all my opinion, and I haven't considered at all any of the financial states of these companies - I have only read a blurb about what the company does, and looked at the size and current earnings in some cases. Some may have great operations, some may be horribly unprofitable, but all are distinguished as doing something other than thinking about mining or buying real estate. Here is the list in all of its glory:

    Ticker Name Price Market Cap
    AAT ATI Airtest Technologies Inc. (XTSX:AAT) $0.07 $6,352,620
    ACU Aurora Solar Technologies Inc. (XTSX:ACU) $0.25 $32,086,351
    ADYA ADYA INC. (XTSX:ADYA) $0.12 $2,715,560
    AFN Ag Growth International Inc. (XTSE:AFN) $36.79 $690,868,005
    APL Appulse Corporation (XTSX:APL) $0.40 $5,578,920
    AST ASTRON CONNECT INC. (XTSX:AST) $0.24 $2,505,100
    AWI Advent-AWI Holdings Inc. (XTSX:AWI) $1.05 $12,532,285
    BAM.PR.C Brookfield Asset Management Inc. (XTSE:BAM.PR.C) $13.35 $99,926,270,000
    BEER Hill Street Beverage Company Inc. (XTSX:BEER) $0.09 $17,401,089
    BEP.UN BRKFLD RWBL PRT NON VTG UNT (XTSE:BEP.UN) $48.22 #FIELD!
    BPO.PR.X Brookfield Office Properties Inc (XTSE:BPO.PR.X) $11.10 #FIELD!
    BQE BQE Water Inc. (XTSX:BQE) $32.15 $39,736,370
    BSO.UN BROOKFIELD SELECT OPPOR INC UNT (XTSE:BSO.UN) $6.19 #FIELD!
    BTEC.H BALSAM TECHNOLOGIES CORP (XTSX:BTEC.H) $0.50 $2,659,870
    BTRU betterU Education Corp. (XTSX:BTRU) $0.03 #FIELD!
    BWLK Boardwalktech Software Corp. (XTSX:BWLK) $0.94 $37,272,910
    BYM.H Baymount Incorporated (XTSX:BYM.H) $0.03 $690,460
    CAE CAE Inc. (XTSE:CAE) $38.64 $11,368,216,440
    CGX Cineplex Inc. (XTSE:CGX) $15.61 $1,015,314,000
    CHR CHORUS AVIATION INC. (XTSE:CHR) $4.83 $858,053,847
    CLI Clearford Water Systems Inc. (XTSX:CLI) $0.03 $2,550,690
    CNS CONTAGIOUS GAMING INC. (XTSX:CNS) $0.06 #FIELD!
    CNX Callinex Mines Inc. (XTSX:CNX) $4.49 $51,853,360
    CRBK CAREBOOK TECHNOLOGIES INC. (XTSX:CRBK) $1.12 #FIELD!
    CTC.A CANADIAN TIRE CORPORATION, LIMITED (XTSE:CTC.A) $193.73 $12,031,430,000
    CTO CIRCA ENTERPRISES INC. (XTSX:CTO) $1.12 $11,342,912
    DAC DATABLE TECHNOLOGY CORPORATION (XTSX:DAC) $0.08 $11,079,450
    DOCT Beyond Medical Technologies Inc. (XCNQ:DOCT) $0.07 $5,495,790
    DOL DOLLARAMA INC. (XTSE:DOL) $57.06 $17,437,490,352
    DSY DESTINY MEDIA TECHNOLOGIES INC. (XTSX:DSY) $1.86 $18,547,860
    DXX DXSTORM.COM INC. (XTSX:DXX) $0.05 $1,036,480
    EFN.PR.C Element Fleet Management Corp. (XTSE:EFN.PR.C) $25.70 $6,421,359,000
    ENA Enablence Technologies Inc. (XTSX:ENA) $0.02 $9,640,410
    EQG EQUBE GAMING LIMITED (XTSX:EQG) $0.03 $755,520
    FBF FAB-FORM INDUSTRIES LTD. (XTSX:FBF) $0.46 $4,058,150
    FTEC Fintech Select Ltd. (XTSX:FTEC) $0.07 $5,083,720
    GB Ginger Beef Corporation (XTSX:GB) $0.38 $5,077,560
    GIL GILDAN ACTIVEWEAR INC. (XTSE:GIL) $44.62 $8,853,937,676
    GKO Geekco Technologies Corporation (XTSX:GKO) $0.35 $12,686,410
    HIT Hit Technologies Inc. (XTSX:HIT) $0.01 $642,460
    HSI H-SOURCE HOLDINGS LTD. (XTSX:HSI) $0.10 $12,960,390
    HULK Pontus Protein Ltd. (XTSX:HULK) $0.19 $12,596,815
    IDL Imaging Dynamics Company, Ltd. (XTSX:IDL) $0.06 $13,434,910
    IFC.PR.D Intact Financial Corporation (XTSE:IFC.PR.D) $24.50 $25,927,390,000
    IGX INTELGENX TECHNOLOGIES CORP. (XTSX:IGX) $0.60 $70,664,750
    INX Intouch Insight Ltd. (XTSX:INX) $0.75 $17,172,607
    IQ AirIQ Inc. (XTSX:IQ) $0.27 $8,710,610
    ISD iSIGN MEDIA SOLUTIONS INC. (XTSX:ISD) $0.07 $11,439,848
    IVI IVRNET INC. (XTSX:IVI) $0.05 #FIELD!
    JTC JEMTEC Inc. (XTSX:JTC) $1.99 $5,561,410
    LM LINGO MEDIA CORPORATION (XTSX:LM) $0.09 $3,019,981
    LOOP LOOPSHARE LTD. (XTSX:LOOP) $0.51 $1,989,880
    LSPD Lightspeed POS Inc. (XTSE:LSPD) $106.31 $14,246,310,000
    LTV LeoNovus Inc. (XTSX:LTV) $0.38 $7,837,875
    MAGT Magnet Forensics Inc. (XTSE:MAGT) $26.25 $236,750,900
    MAL Magellan Aerospace Corporation (XTSE:MAL) $10.60 $611,928,566
    MCLD mCloud Technologies Corp. (XTSX:MCLD) $1.75 $60,265,835
    MFS.H Medifocus Inc. (XTSX:MFS.H) $0.01 #FIELD!
    MG Magna International Inc. (XTSE:MG) $113.20 $33,876,662,160
    MKT DeepMarkit Corp. (XTSX:MKT) $0.31 $1,561,640
    MOGO Mogo Inc. (XTSE:MOGO) $8.70 $564,135,927
    MRS MISSION READY SOLUTIONS INC. (XTSX:MRS) $0.44 $86,044,783
    MRU METRO INC. (XTSE:MRU) $59.07 $14,506,847,718
    MVP MediaValet Inc. (XTSE:MVP) $2.38 $90,987,209
    MVY MOOVLY MEDIA INC. (XTSX:MVY) $0.25 $40,285,825
    NKW.H OCEANIC WIND ENERGY INC. (XTSX:NKW.H) $0.15 $9,964,310
    NPA Alphinat Inc (XTSX:NPA) $0.09 $5,683,406
    NTE Network Media Group Inc. (XTSX:NTE) $0.13 $9,680,690
    NTR Nutrien Ltd. (XTSE:NTR) $73.60 $41,967,544,320
    NVEI Nuvei Corp (XTSE:NVEI) $104.98 $14,376,300,000
    NXT.H Natcore Technology Inc. (XTSX:NXT.H) $0.06 $4,893,210
    OTEX Open Text Corporation (XTSE:OTEX) $63.87 $17,449,130,712
    PAI Predictiv AI Inc (XTSX:PAI) $0.06 $5,610,040
    PDO PUDO INC. (XCNQ:PDO) $1.34 $36,337,557
    PJT Partner Jet Corp. (XTSX:PJT) $0.40 #FIELD!
    PLC Park Lawn Corporation (XTSE:PLC) $32.40 $978,943,900
    PNG Kraken Robotics Inc. (XTSX:PNG) $0.58 $97,787,420
    POOL Pool Safe Inc. (XTSX:POOL) $0.03 $2,160,640
    RLV RELEVIUM TECHNOLOGIES INC. (XTSX:RLV) $0.03 $5,194,260
    RSI ROGERS SUGAR INC. (XTSE:RSI) $5.74 $594,301,806
    RUM ROCKY MOUNTAIN LIQUOR INC. (XTSX:RUM) $0.20 $9,260,538
    SAI.H SUNSHINE AGRI-TECH INC. (XTSX:SAI.H) $0.02 $1,440,130
    SAP SAPUTO INC. (XTSE:SAP) $37.45 $15,456,510,055
    SLF.PR.G SUN LIFE FINANCIAL INC (XTSE:SLF.PR.G) $16.16 $37,419,390,000
    SNS SELECT SANDS CORP. (XTSX:SNS) $0.08 $4,765,760
    SPP SPOT COFFEE (CANADA) LTD. (XTSX:SPP) $0.04 $5,057,810
    SSC.H SMARTCOOL SYSTEMS INC. (XTSX:SSC.H) $0.05 #FIELD!
    STX Starrex International Ltd. (XCNQ:STX) $1.26 $19,411,820
    SW SIERRA WIRELESS, INC. (XTSE:SW) $23.99 $694,438,900
    T TELUS Corporation (XTSE:T) $27.75 $35,470,050,000
    TCS TECSYS INC. (XTSE:TCS) $42.20 $612,115,220
    TEV Tervita Corporation (XTSE:TEV) $5.81 $672,003,192
    TFII TFI International Inc. (XTSE:TFII) $113.33 $10,577,370,000
    TGIF 1933 INDUSTRIES INC. (XCNQ:TGIF) $0.10 $29,967,322
    TKX TRACKX HOLDINGS INC. (XTSX:TKX) $0.09 $10,570,310
    TLA TITAN LOGIX CORP. (XTSX:TLA) $0.60 $17,121,678
    TMS.H Targeted Microwave Solutions Inc. (XTSX:TMS.H) $0.04 $4,438,700
    TRAD Voleo Trading Systems Inc. (XTSX:TRAD) $0.30 $8,998,880
    UNS UNI-SELECT INC. (XTSE:UNS) $15.21 $674,997,600
    VAI VirtualArmour International Inc. (XCNQ:VAI) $0.09 $9,067,210
    VISN BINOVI TECHNOLOGIES CORP. (XTSX:VISN) $0.05 $8,290,075
    VMY.H VOICE MOBILITY INTERNATIONAL, INC. (XTSX:VMY.H) $0.07 $280,180
    VPN VPN Technologies Inc. (XCNQ:VPN) $0.16 $1,622,230
    WATR Current Water Technologies Inc. (XTSX:WATR) $0.08 $16,982,000
    WPN First Responder Technologies Inc (XCNQ:WPN) $0.04 $2,475,270
    WWT Water Ways Technologies Inc (XTSX:WWT) $0.15 $12,383,220
    Y Yellow Pages Limited (XTSE:Y) $14.69 $408,226,873
    ZMS.H Zecotek Photonics Inc. (XTSX:ZMS.H) $0.01 $1,649,330
    ZONE Zonetail Inc. (XTSX:ZONE) $0.07 #FIELD!
    #FIELD! CTU.H #FIELD! #FIELD!

    You should be able to copy and paste the table into excel or sheets if you want the data. Happy hunting and hopefully this can save you some time!

    submitted by /u/valuescott
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    FLT.V, Canadian Drone Delivery Good News

    Posted: 09 Jul 2021 11:54 AM PDT

    After a good couple of months of being in the red, Drone Delivery Company lands a big contract with Edmonton's Airport amongst being the only company in partnership with Air Canada to be allowed to use airspace for their deliveries. Stock is up 17% as I'm writing this & finally looking alive. High hopes on it being snagged by a big retail delivery(Amazon) in the futur.

    Position: 2000 shares at 1.76

    submitted by /u/etdReddit
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    Can you still invest in chinese companies?

    Posted: 09 Jul 2021 05:49 AM PDT

    Does anyone know more specifically what the situation is with Chinese companies listed in the US? Alibaba for example is incredibly cheap, I would really like to invest. But what's happening with Didi makes me very nervous. How much do you think the Communist Party of China can access their companies that are listed abroad, and thus hurt the shareholders? Are there any agreements that China is abiding by?

    submitted by /u/GordonGekkoVienna
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    Online payments firm Stripe takes first step toward listing

    Posted: 09 Jul 2021 04:06 AM PDT

    Digital payments processor Stripe Inc, the most valuable U.S. technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations, according to people familiar with the matter.

    The 11-year-old company, which was valued by investors at $95 billion in a fundraising round in March, has sat out this year's red-hot market for initial public offerings (IPOs), using private tender offers to allow some of its existing investors and employees to cash out their holdings.

    Remaining private has enabled Stripe to keep such financial details as revenue and profitability under wraps. Yet this has also deprived it of using its shares as a publicly traded currency to help finance acquisitions and to incentivize employees.

    Stripe has tapped Cleary Gottlieb Steen & Hamilton LLP as a legal adviser on its early-stage listing preparations, the sources said. There has been no decision on the timing of the stock market debut, and the next step would be the hiring of investment banks later this year, the sources added. The listing would be unlikely to happen this year, two of the sources said.

    Stripe is considering going public through a direct listing, rather than a traditional IPO, because it does not need to raise money, said two of the sources, cautioning that those plans could change.

    Founded in 2010 by Irish brothers Patrick and John Collison, Stripe processes hundreds of billions of dollars in transactions every year for millions of businesses worldwide. Its list of clients includes Alphabet Inc's Google, Uber Technologies Inc, Amazon.com Inc and Zoom Video Communications Inc. Early investors Elon Musk, Peter Thiel and Google's venture capital arm.

    Stripe's breakneck growth could result in it challenging Chinese technology giants Ant Group and ByteDance, whose valuations are close to $200 billion, for the title of world's most valuable startup by the time it goes public.

    Link: https://www.reuters.com/technology/exclusive-online-payments-firm-stripe-takes-first-step-toward-blockbuster-2021-07-08/

    submitted by /u/401TCW
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    Some questions

    Posted: 09 Jul 2021 02:14 PM PDT

    Hello, stock n00b here, have some questions. 1. Is s&p 500 overvalued right now? Is it a good time to buy for long term? (Decades) 2. Where do I begin? As in, where do I begin with researching promising stocks?

    Thank you everyone.

    submitted by /u/B0kkie
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    Beaten & Battered

    Posted: 09 Jul 2021 02:03 PM PDT

    INTC. Intel had been beat up just about as much as it can. AMD has been eating their lunch. Stock is at $55. 52wk low is $43. I don't see it going that low. Thinking it could be a good time to start dollar cost. Thoughts?

    submitted by /u/Vermicious-Knid-
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    What is the actual quality of Tesla cars?

    Posted: 08 Jul 2021 04:59 PM PDT

    CR again crushed Tesla in their reviews. Yet owners all swear by them. What gives?

    The Teslas in the competition -- a Model S, a Model 3 and a Model Y -- were hampered by quality problems.

    At one point, the cruise control system on the Tesla Model Y abruptly stopped working with no warning, said Sharon Silke Carty, Car and Driver's editor-in-chief, in an interview with CNN Business.

    "All of a sudden I was going 30 in the middle of the highway," she said.

    The touchscreen system, which is critical because it operates most of the Tesla's controls, stopped working not long after the car arrived for testing, the review said. Car and Driver also noted poor fits between parts and a "grating squeak" from the rear seat.

    The Model 3 had a large gap around the hood, Car and Driver noted. Another Tesla they tested, the Model S, only had 3,600 miles on it but its front motor failed. It was repaired and the car continued the tests, but the incident ended its chance of winning the award, Car and Driver said.

    Tesla, which generally does not respond to media inquiries, has not answered CNN Business's request for comment on the Car and Driver report.

    submitted by /u/CortexExport
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    Closing Stock Positions, Throwing all into ETFS: VTI vs. VOO vs. SPY?

    Posted: 09 Jul 2021 03:34 AM PDT

    Hey all,

    Bio: Young investor with high risk tolerance. Planning on holding for long-term. Also foreign investor with 0% capital gains tax and 30% dividend tax.

    Title basically says all. I've been investing in individual stocks for the past year but can't afford to spend as much time on DD and news in the future. Planning on closing my positions and throwing them all into an ETF. I've been debating between VTI, VOO, and SPY, as well as SCHB. What's the overall consensus of the sub? I might prefer Vanguard just because of its lower expense ratio.

    I've also received recommendations on accumulating ETFs, but I want to trade exclusively within the U.S. stock market (I'm not familiar with European markets).

    Thanks in advance.

    submitted by /u/BrianHotshot
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    OGN- long term pick

    Posted: 09 Jul 2021 02:38 PM PDT

    OGN My long term pick from now to end of 2022. I've owned MRK forever and it's never let me down. I personally think their spinoff OGN will get up to $50-$55 in a year. Prove me wrong please otherwise I'm going to continue to buy it every time it dips below $30!

    submitted by /u/Vermicious-Knid-
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    Is there an app where I can track my past trades and it shows me the P/L for the day on a month chart?

    Posted: 09 Jul 2021 02:23 PM PDT

    I've seen posts like this a million times but never found out what the app/website is called.

    I basically want see at the end of the month to see what my weekly/monthly P/L was without having to do it through sheets or excel.

    Thanks!

    submitted by /u/exotic-astronut
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    Preparation for trading day - July 09, 2021

    Posted: 09 Jul 2021 05:58 AM PDT

    Preparation for trading day - July 09, 2021

    Note that this only includes stocks with larger market cap and stocks considered popular.

    Notable Price Upgrades and Downgrades

    Deutsche Bank (DB):

    • RBC Capital Upgrades To Sector Perform From Underperform

    Costco Wholesale (COST):

    • Morgan Stanley Maintains Overweight Rating (Price Target Changes From $415 To $425)
    • Oppenheimer Maintains Outperform Rating (Price Target Changes From $425 To $450)
    • Telsey Advisory Group Maintains Outperform Rating (Price Target Changes From $415 To $440)

    Levi Strauss (LEVI):

    • Telsey Advisory Group Maintains Outperform Rating (Price Target Changes From $32 To $34)

    BlackRock (BLK):

    • Morgan Stanley Maintains Overweight Rating (Price Target Changes From $944 To $1017)

    Rocket Companies (RKT):

    • Barclays Maintains Equal-Weight Rating (Price Target Changes From $21 To $20)

    Visa (V):

    • Oppenheimer Maintains Outperform Rating (Price Target Changes From $260 To $281)

    PayPal Holdings (PYPL):

    • Oppenheimer Maintains Outperform Rating (Price Target Changes From $322 To $342)

    DocuSign (DOCU):

    • Piper Sandler Maintains Overweight Rating (Price Target Changes From $300 To $330)

    ServiceNow (NOW):

    • Piper Sandler Maintains Neutral Rating (Price Target Changes From $550 To $585)

    Zscaler (ZS):

    • Piper Sandler Maintains Neutral Rating (Price Target Changes From $205 To $235)

    American Express (AXP):

    • Barclays Maintains Equal-Weight Rating (Price Target Changes From $146 To $155)

    Coupang (CPNG):

    • CLSA Initiates Outperform Rating (Price Target $46)

    Bumble (BMBL):

    • RBC Capital Initiates Outperform Rating (Price Target $65)

    Cloudera (CLDR):

    • JMP Securities Downgrades To Market Perform From Outperform

    Match Group (MTCH):

    • RBC Capital Initiates Outperform Rating (Price Target $190)

    General Motors (GM):

    • Wedbush Initiates Outperform Rating (Price Target $85)

    Today's Economic Calendar

    • 10:00 am Wholesale inventories for May

    IPO market (This week)

    • LinkDoc Technology (LDOC) Price target: $17.50 - $19.50
    • Minim (MINM) Price target: 7/5/2021
    • Unicycive Therapeutics (UNCY) Price target: $5.00 - $6.00

    Update: seems like the LinkDoc IPO this week wont happen, source: https://www.reuters.com/business/exclusive-chinas-linkdoc-shelves-211-mln-us-ipo-after-regulatory-crackdown-2021-07-08/

    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

    submitted by /u/greenfish00
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    Of the two upcoming space tourism launches, what do you think both the real outcomes (success/fail) and the stock outcomes from them?

    Posted: 09 Jul 2021 06:24 AM PDT

    Both billionaires are trying to push the barriers of space tourism. Is there a real chance one fails? Also, have people already bought the hype and will sell the news? Or are there some waiting for success to buy in?

    submitted by /u/fermi90
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    Do you guys recommend having multiple brokerage/retirement accounts across various brokerage platforms to keep all of my money SIPC-insured?

    Posted: 09 Jul 2021 11:41 AM PDT

    Of course, as of right now, I don't have $1M to want to split between different platforms, but I wanted to know if this would be a good idea, in the hypothetical event where I'd have enough money to want to spread out.

    Edit: So, I looked into it on MSN and they say that multiple accounts, on the same brokerage, may be insured individually, as long as they're different types of accounts, so a Roth IRA, 401k, and taxable brokerage account will be SIPC-insured separately. Now, I don't know if having a Roth IRA with Charles Schwab and another with M1 Finance would be insured separately… I assume they would though. Anyways, thanks for your incite, guys.

    submitted by /u/areintelligent
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    What are your covid-friendly stock picks for possible mini-lockdown comebacks?

    Posted: 09 Jul 2021 01:39 PM PDT

    Hello all,

    I wanted to ask for some advice about stocks (not ETFs) due to macro signs of covid coming back to life with the Delta+ variant, Japan signaling there will be no audience in Olympics, US pinging masks won't be relieved and general little fear levels rising.

    Also, generally speaking - would the better play be to just keep more cash, or is it smart to put some money in now for some covid-friendly stocks?

    Thank you all in advance!

    P.S. I do hope this does not happen, but we got to be prepared for anything and I want to raise a discussion.

    submitted by /u/Shandowarden
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    New Executive Order to promote “innovation and even faster economic growth”

    Posted: 09 Jul 2021 06:07 AM PDT

    On Friday, President Biden will sign an executive order that aims to limit corporate dominance and promote a competitive markets. His targets: agriculture, healthcare, shipping, transportation and technology, according to a Wall Street Journal article

    Thoughts on how this may affect yesterday's falling market?

    submitted by /u/Cristian7x
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    Looking to Match VTI With Another ETF

    Posted: 09 Jul 2021 08:21 AM PDT

    Hey all,

    I'm a relatively young investor with a high risk tolerance. I'm planning on parking my cash into VTI, but want to pair it with another ETF more focused on growth (and take on a bit more risk in the process). VOOG comes to mind but the expense ratio is a bit higher (as they tend to be). Any other recommendations?

    submitted by /u/BrianHotshot
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    Tutorials / Guides on basic concepts

    Posted: 09 Jul 2021 01:11 PM PDT

    I am looking for some basic guides to understand the basics of trading:

    • candlestick patterns
    • how to read the candlesticks
    • swing trading
    • whatever you think which should be useful to know

    It doesn't matter if it's a written or YouTube guide, but I would prefer a YouTube guide with examples.

    Thanks!

    submitted by /u/Korrak
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    Understanding the Tape

    Posted: 09 Jul 2021 08:04 AM PDT

    I'm sure this has been asked quite a bit but does anyone have a good way of reading the tape? I have been using TOS with real-time using their level 2s and T&S. I just recently got DAS trader pro and can honestly say I feel like I'm seeing more in depth. However, I have been focusing on interpreting one stock's tape (AAPL). I see a lot of manipulation on the price action trying to always shake retails out and I guess my question is how can I identify a clear direction. I feel like for me atm I am placing high probability trades at my "buy levels" (which I have seen are also shakeout levels) which follow with a huge rip up. I am also primitively using tape speed, buying on the ask, increasing price as confirmations. Any help or direction would be appreciated.

    Long story short: what's the best way to identify direction and confirmation using time and sales / level 2.

    submitted by /u/shangabear
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    If I wanna invest in Warner Media?

    Posted: 09 Jul 2021 06:59 AM PDT

    So I've been investing into AT&T for a few years now for the soul fact of owning Warner Media. With this whole merger stuff happening now, should I keep putting money into ATT and bit into DISCA to get those "shares" for the new company. Or should I wait til the new company IPOs?

    submitted by /u/Daddyasscheekz
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