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    Thursday, August 5, 2021

    Home Unlabelled Stock Market - ARKK made $115 million in Robinhood today. https://t.co/BkQTsvznF1

    Stock Market - ARKK made $115 million in Robinhood today. https://t.co/BkQTsvznF1

    August 05, 2021

    Stock Market - ARKK made $115 million in Robinhood today. https://t.co/BkQTsvznF1

    ARKK made $115 million in Robinhood today. https://t.co/BkQTsvznF1

    Posted: 05 Aug 2021 10:55 AM PDT

    Moderna announces Q2 results; crushes earnings

    Posted: 05 Aug 2021 05:16 AM PDT

    Moderna Inc. announced its Q2 results on Thursday before the bell.

    Key Highlights:

    • Moderna Reports Second Quarter Fiscal Year 2021 Financial Results and Provides Business Updates.
    • Moderna COVID-19 Vaccine mRNA-1273: Final blinded analysis of Phase 3 COVE study shows 93% efficacy; Efficacy remains durable through six months after second dose ​
    • Moderna booster candidates demonstrate robust antibody responses to COVID-19 variants of concern in Phase 2
    • Dosing started in Phase 1 studies for quadrivalent seasonal flu vaccine candidate (mRNA-1010) and IL-2 mRNA program for autoimmune disorders (mRNA-6231)
    • Moderna has mRNA candidates in clinical development across five therapeutic areas: infectious disease, cardiovascular, oncology, rare disease and autoimmune disorders
    • Q2 total revenue of $4.4 billion, net income of $2.8 billion and diluted earnings per share of $6.46
    • Moderna establishes new Charitable Foundation to promote public health, healthcare and educational opportunities, particularly in underserved populations

    https://risingcandle.com/business/moderna-announces-q2-results-crushes-earnings/

    submitted by /u/lazywizard99
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    Small investment trying to expand into a little bigger more diverse investment, (£4,000 ready to invest) any help? Thanks.

    Posted: 05 Aug 2021 09:00 AM PDT

    I have currently in stocks only £70. I have this mainly in draftkings and tesla but also have some holdings in Boeing and virgin galactic.

    I have mainly been a crypto investor and with that in the green heavily again that's looking good, but I don't want to invest anymore as I want diversity.

    I have around £4,000 or $5,500 ready to invest. Any tips or recommendations? I would like to spread it between more than one stock (for obvious reasons) some maybe 'safe' and steady increasing positions, while some maybe a little bit more aggressive (I'm only here once so why not play the game 😉).

    So after that anything you guys suggest? Or recommend? Thanks in advance, hope you enjoy your day.

    submitted by /u/JWedge23
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    Five Lessons Learned Building an Algotrading App

    Posted: 05 Aug 2021 10:08 AM PDT

    Hi Reddit Fam! This past year I've built an app that allows users to trade stocks and cryptocurrencies automatically using custom-made algorithms. This is my first genuine shot at building a startup, so I thought I'd share a few of my experiences along the way.

    Background for the idea. I was introduced to day trading back in college, thanks to the rise of the commission-free trading platform Robinhood. In between classes I would buy and sell stocks and then discuss with my roommates their positions. Eventually, we became better and better at it, earning some serious cash. I was on a trading high.

    Impetus for the app. That all ended when I graduated and got my first job at a typical 9-5 company. I remember my boss sitting me down one day at the office to explain that he thought I was spending too much time on my phone. I tried to show him the stocks I was trading, and the algorithms I used to guide my purchasing behavior, but he wasn't having any of it. "You can do whatever you want outside of working hours, but when you're here, you get aligned with what we're doing."

    So, for a while after, I invested in long-term stocks and settled with the typical 7% annual returns. They weren't as good as the 20% monthly returns from day trading, but what choice did I have? Then it hit me. Automation. What if I could automate the algorithms I used to day trade? It could make the trades for me while I was busy at my job. So, after work for 5 weeks straight, I coded up a stock trading bot. Then, one morning before heading off to work, I ran my program.

    Initial Success. I felt my nerves fray driving to the office and watching the clock leading up to 9:30 am when markets opened. If this went wrong, or there was some bug in the system, the program could make disastrous trades and lose a lot of money. I counted down the seconds... 3, 2, 1... and then waited, and waited. At first nothing, but then a Robinhood notification pops up on my phone "Your order to sell XXX has been executed". I asked to go to the bathroom so I really could check my account, and once I got into the stall, there it was: my account was up for the day.

    Birth of Ayrro. Days passed and the profits stayed consistent. I shared what I was doing with friends and family and they wanted in, too. Eventually, after coding out many of their own personalized algotraders, I realized I was using the same template. If I built out a user-friendly interface, I could let them build their own algorithms without needing to code anything. This interface is called Ayrro, and the app was born.

    Around this time COVID hit and decided to quit my 9-5 and build the startup full time. Here are five things I've learned along the way.

    1. Build Trust. As an early startup, your brand is unrecognizable to strangers. You can't expect potential customers to pay for your product without seeing some reviews first. The problem is since you're so new, you don't have any reviews. So you'll need to sample your product (FOR FREE!) to users to try it out. This could include a free trial or, just plain and simple, a free beta period. If they like it, ask them for a review, if they don't, ask for private feedback. Everyone gets uncomfortable when they feel like they're being sold to, so don't sell, instead, build the customer's trust.
    2. Get a Team. Unless you're highly experienced, a business and tech prodigy, and have the time to put in 70 - 100 hour weeks towards your startup, you won't be able to do it all alone. That was absolutely the case for me. I started building the company when I was 22 years old and, quite frankly, didn't have a clue what I was doing. I could code, sure, but sales? marketing? PR? Financing? All way over my head. After accepting my shortcomings, releasing some stake in the company, and bringing in others more experienced in those fields, Ayrro was able to grow much faster.
    3. Product-Market Fit Should Be Your First Priority. Basically, before you go out and build a full-fledged app with front-end, back-end, cloud infrastructure, and dozens of microservices, ask the market if this is even something they would want. This step is critical because if you don't do this, you might waste a lot of time building an app that no one uses. In the early days of Ayrro, I got so excited architecting the whole shebang that I forewent asking for feedback along the way. This caused a lot of rework that could have been avoided.
    4. Educate your users. Unless you're joining an already established industry, your "new business idea" probably doesn't come as naturally to users as it does to you. To add to that friction, you've probably spent countless hours staring at the app and know it inside and out. I quickly realized what is common sense to me was a foreign language for most new users. After building some explainer videos, onboarding guides, and handholding each new user along the process, our conversion rates increased.
    5. Keep User Engagement High. If you're building an app, you'll want your user to constantly be thinking about it. This is where internal marketing and advertising comes into play. This is necessary even if you have an amazing product. In the early days of the company, we ran our users' algorithms and did just about nothing else. Once we added in push notifications for filled orders and daily newsletters, our engagement more than tripled and app usage went up. You may even consider doing livestreams with your users, and be sure to include a segment for Q&A!

    No startup journey is the same, and you may encounter different obstacles than these, but I hope you gained some value from my 5 lessons. What struggles have you encountered in your business development? More importantly, how did you solve them? Let me know in the comments below :)

    submitted by /u/AyrroCEO
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    Here is a Market Recap for today Thursday, August 5, 2021

    Posted: 05 Aug 2021 01:59 PM PDT

    PsychoMarket Recap - Thursday, August 5, 2021

    After closing mixed yesterday, stocks firmly rose today as market participants digested more corporate earnings reports and the Weekly Unemployment Report, which showed improvement. Tomorrow, the Department of Labor will release it's July Unemployment Report. This report is set to be a wild card, with analyst estimates ranging wildly from ADP estimating an addition of 330,000 jobs to Bloomberg economists estimate of 845,000 jobs added. We'll see tomorrow.

    The three major indexes powered higher today, with both the S&P 500 (SPY) and Nasdaq (QQQ) recording fresh intraday all-time highs. The Dow Jones (DIA) closed 0.75% higher and is marginally below it's previous all-time high. The Russell 2000 (IWM), which tracks the performance of small-cap stocks, closed 1.8% higher.

    ADP, a leading payroll and human services software company, released its July 2021 Employment Report, which estimated that private employers added only 330,000 jobs in July, less than half the 690,000 gain expected by economists. While ADP's estimates aren't 100% accurate, it sets up a negative backdrop for the July Jobs Report set to be released tomorrow. As I said earlier, estimates between economists range wildly, so we'll just have to wait and see how the report unfolds.

    So far, 59% of the companies in the S&P 500 (SPY) have reported Q2 earnings, with 88% of these beating analyst expectations, according to FactSet. This quarter is shaping up to be another record-breaking one, with corporate earnings growth rate expected to accelerate 85% year-on-year, which would be the biggest jump since the Q4 2009.

    However, it is important to note that, despite beating earnings expectations, a number of these companies have pulled back, with tepid outlooks moving forward overshadowing strong results. Moving forward, given that most companies have so far exceeded pre-pandemic levels and the current quarter has an easy comparison to last year, expectations for growth are inevitably going to moderate. This said, I think the pullback in some stocks following earnings is an overreaction.

    Highlights

    • The Weekly Unemployment Report came in roughly in-line with analyst expectations
      • First time jobless claims: 385,000 vs 383,000 expected
      • Continuing Claims 2.93 million vs 3 million
    • The rally in Robinhood (HOOD) stopped, with the stock dropping more than 27% today, very crazy movement in this stock the last few days. On the other hand, shares of "meme stocks" advanced after falling a few days in a row.
    • Uber (UBER) posted a wider than expected loss for Q2. This bodes bad for the company since rival Lyft (LYFT) unexpectedly posted a profit last quarter.
    • Shares of Etsy (ETSY) sank 10% after the company posted slightly disappointed during earnings.
    • Shares of DataDog (DDOG) gapped up after the company smashed earnings estimates
    • Penn National Gaming (PENN) acquired Score Media (SCR), the largest sports media app in Canada and the third largest in the US for $2 billion in cash and stock. Jay Snowden, President and CEO said of the acquisition, "theScore's unique media platform and modern, state-of-the art technology is a powerful complement to the reach of Barstool Sports and its popular personalities and content. We are now uniquely positioned to seamlessly serve our customers with the most powerful ecosystem of sports, gaming and media in North America, ultimately creating a community that doesn't currently exist." I personally like this stock.
    • In a White House event, the Biden administration and auto makers committed to try and get EV sales to make up 50% of cars sold in the US by 2030, contingent on the government support for the transition.
    • **Please note that current stock price was written during the session and may not reflect closing prices*\*
    • AbbVie (ABBV) target raised by Argus from $130 to $140 at Buy. Stock currently around $115.
    • AmerisourceBergen (ABC) target raised by Robert W Baird from $156 to $162 at Outperform. Stock currently around $122
    • Costco (COST) with a host of target raises. Consensus price target $480 at Overweight. Stock currently around $443
    • CVS target raised by Deutsche Bank from $95 to $101 at Buy. Stock currently around $80
    • DataDog (DDOG) target raised by Needham & Co from $150 to $173 at Buy. Stock currently around $132
    • Electronic Arts (EA) with a host of target raises. Consensus price target $175 at Buy. Stock currently around $137
    • Equitable (EQH) target raised by Morgan Stanley from $45 to $46 at Overweight. Stock currently around $32
    • GoDaddy (GDDY) with two target raises. Stock currently around $73
      • Raymond James from $107 to $108 at Strong-Buy
      • Wedbush from $92 to $108 at Outperform
    • Lyft (LYFT) target raised by Citigroup from $80 to $88 at Buy. Stock currently around $52
    • Regeneron Pharma (REGN) Target raised by Piper Sandler from $650 to $675 at Overweight. Stock currently around $602
    • Roku (ROKU) target raised by DA Davidson from $560 to $600 at Buy. Stock currently around $403
    • Western Digital (WDC) with four target raises. Stock currently around $67
      • Rosenblatt Securities from $70 to $80 at Outperform
      • Mizuho from $90 to $92 at Buy
      • Wedbush from $90 to $95 at Outperform
      • Craig Hallum from $95 to $101 at Buy.

    "Rather fail with honor than succeed by fraud." Sophocles

    submitted by /u/psychotrader00
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    Scenario - stock market crash. Wwyd?

    Posted: 05 Aug 2021 09:25 AM PDT

    Let's say you knew with certainty an event was coming that would crater the market as you knew it. What would you back away from and what would you go -all in- on and why?

    Let's make it easier and say you could not short a position. What would you anticipate would go up as a prediction of a crash ? Where there are crashes there are almost always winners go inverse the other side of the equation.

    To make it funner - What causes the crash can also be up to you, for simplicity it would be good to describe what you think would be your apoc event that could cause your scenario crash.

    Just a thought experiment for fun. Calm.

    submitted by /u/EthRec
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    $SPX $SPY gamma squeeze gave a nice B/O of its short term range today. Flows closed neutral but put premium is still leading calls. End of day flows, GEX and $SPY technical analysis Thursday 8/5

    Posted: 05 Aug 2021 04:07 PM PDT

    $SPX $SPY gamma squeeze gave a nice B/O of its short term range today. Flows closed neutral but put premium is still leading calls. End of day flows, GEX and $SPY technical analysis Thursday 8/5

    ​

    $SPY Total Flow

    ​

    $SPY Bubble Flow

    ​

    $SPY P/C Ratio. Put premium still leading call premium. Its worth noting the even thou the flows closed neutral puts are far more expensive than calls. Is anyone asking why?

    ​

    $SPY GEX. Today was a gamma squeeze plain and simple no way around it.

    ​

    $SPY Live Chart... Money Flow, Volume Flow and Power Blocks are all backing off here at the highs. We are also back to maximum overbought.

    ​

    $SPY BB Chart. We sill have negative divergence, MF and MO is still waning.

    ​

    $SPY 1 Hour broke out of the short term range. Needs above 442 then 423.60 on a closing basis.

    For the record I am a trader not a bull not a bear. Most day days I have 0 idea what will happen until it gives us a sign. In the end price is all that matter but I can't help but proceed with some caution when the data is clearly informing me that big player (not even close to retail) are positioning for something. The flows matter, deep pockets (big players/MM) will ALWAY hit the option market first before buying the underlining security. I simply dig in to the data and present it for what it is nothing more nothing less. I hope this help clarify my position.

    submitted by /u/LocustFunds
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    ATNF... Phase 3 Trial Results Early Sept... Very Under-the-radar & Undervalued.. Ready for big move higher.. (Stellar Management Team)

    Posted: 05 Aug 2021 11:31 AM PDT

    Beyond Meat announces Q2 results; Revenue up 32%

    Posted: 05 Aug 2021 01:18 PM PDT

    Beyond Meat® announced its Q2 results ending July 3, 2021, on Thursday after the closing bell.

    Key Highlights:

    • Net revenues were $149.4 million, an increase of 31.8% year-over-year.

    • Gross profit was $47.4 million, or gross margin of 31.7% of net revenues.

    • Net loss was $19.7 million or $0.31 per common share. Net loss as a percentage of net revenues was -13.2%.

    • Adjusted EBITDA was a loss of $2.2 million, or -1.5% of net revenues.

    https://risingcandle.com/marketnews/beyond-meat-announces-q2-results-revenue-up-32/

    submitted by /u/lazywizard99
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    WATCH if the Infrastructure Package is Passed for its Impact on Metals

    Posted: 05 Aug 2021 10:48 AM PDT

    If the current Infrastructure bill which has passed in the House of Representative continues to move forward and pass in the Senate It may be wise to pay attention to metals and resources such as silver, steel, copper, zinc, graphite, and maybe uranium. As you may already know many of these resources are important to infrastructure projects and the green energy movement going forward. Mike Gunning of VR Resources breaks down the copper market - YouTube Zinc is critical in protecting steel from rusting. Silver is using in basically every electronic device and has a role in electric car batteries along with graphite and lithium. Notably along that line in the WSJ today it was reported that 50% of all car sales by 2030 will be electric here: U.S. to Set Electric-Vehicle Sales Goal of 50% by 2030 - WSJ In addition to that, we have companies like Ford who announced at the SuperBowl that all of their cars will be electric by 2030 and brands like Volkswagen who have made similar commitments. Volkswagen doubles commitment to electric vehicles with €20bn investment pledge | The Independent | The Independent . There is a movement coming and it's just taking real shape this year with these major announcements. Notably with many of the resources mentioned it is expected that demand will be greater than supply for a period of time during this expected massive movement of change heading our way. Let me know your thoughts.

    submitted by /u/capex-
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    You might want to buy the dip on $POWW!

    Posted: 05 Aug 2021 04:50 PM PDT

    $POWW blew away earnings last time, and are forecasted to do the same on the 16th. of Aug. This stock of selling at a discount with a 60% upside with the Analyst ranting consensus PT of $11. I believe this PT is a little on the low side and should be $15-18. With the shortage in ammo across the country. The additional Revenue from Gunbroker will help beat this quarters earnings. When the new plant comes online later this year. Ammo Inc. should be able to more then double their production. I hope they will be able to keep up with demand. With the increase in production that means an increase in Gov. ammo contracts.

    Ammo inc. insiders have not been selling any share. The institutional, and hedge funds have been buying this up.

    You don't want to be sitting on the side lines. Saying I wish I bought that a few months ago.

    Today is the start of the move to higher high's. There is still a lot of upside with a possible breakout run past the $10 market in or around the 16th. of Aug

    submitted by /u/Fight-the-shorts
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    Gold continues to follow inflation-adjusted 10-year yields precisely in terms of direction, but has been somewhat weak in terms of magnitude lately.

    Posted: 05 Aug 2021 03:58 PM PDT

    What is next for the Semi-Conductor Industry: TSMC, INTEL, QUALCOMM, Micron Technologies

    Posted: 05 Aug 2021 11:46 AM PDT

    What is next for the Semi-Conductor Industry: TSMC, INTEL, QUALCOMM, Micron Technologies

    ​

    SMH(SemiConductor Industry)

    Semi-Conductor Industry past 10-year returns.

    Semi-Conductor Industry has been the best-outperforming industry in the past 10 years and will still remain to outperform other industries because of its high demand globally varying from its uses in Computers to its major uses in the auto sector.

    Global Forecast for the Semi-Conductor Industry

    • The global semiconductor chip shortage is likely to continue till 2022 before it eases gradually.
    • The global shortage of semiconductor chips has triggered concerns as companies around the world fail to meet the rising demand for a wide range of essential as well as modern tech products.
    • The shortage has intensified over the past couple of months.

    • A recent analysis by Goldman Sachs suggested that at least 169 industries have been impacted by the global chip supply shortage.

      In 2020, the global semiconductor industry reported revenue growth of 6.5% to reach US$440 bn.

    Check out the full article: https://blog.quantale.io/what-is-next-for-the-semi-conductor-industry-tsmc-intel-qualcomm-micron-technologies/

    submitted by /u/Mr_XooX
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    Wash sale real life taxes examples

    Posted: 05 Aug 2021 12:49 PM PDT

    I see a lot of questions and a lot of misinformation here about wash sales and taxes. It seems people post a lot when they don't know but then after filing taxes people do not follow up with any useful information of how wash sales actually impacted their taxes.

    The most common solution I see and what I understand (especially as a TradeLog user) is that you can day trade and make wash sales all year so long as you close out your positions and abstain from trading those positions for December and January you will effectively "break the chain" and realize the losses that you were essentially kicking down the road by trading the same wash sale stock.

    Has anyone actually racked up substantial wash sales and closed their positions before December and did not have to pay any taxes on disallowed losses? Just pay taxes simply on overall gain or loss?

    What was the actual outcome after receiving your 1099b and filing taxes? Do you have a specific example of this you can share?

    Thank you everyone for the help.

    submitted by /u/Salt-Upstairs3822
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    Lightspeed Announces First Quarter 2022 Financial Results and Raises Outlook for Fiscal 2022

    Posted: 05 Aug 2021 04:13 AM PDT

    Emotional investment strategies

    Posted: 05 Aug 2021 08:36 AM PDT

    Emotional management in trading and investing is probably the most important thing I have learned.

    How do you manage your position and continue to hold despite the dips ? Myself, I try to minimize the access points I have to watching the market - I try to set up auto debit and credit payments monthly so most of my bills get paid without having to log in.

    I try to set a time frame and a percentage indicator for how much of risk threshold before each position I take. I also keep a trading journal offline..writing stuff out helps my process

    For example I will write down something like "time horizon into $amzn of 6 months..see what it does..ehhh I think I can tolerate 20% of my position going down here and if it does maybe I close at that point. If not I let it ride"

    I generally almost never use stop losses because I have a tendency to look for long term value plays.

    What do you all do ?

    submitted by /u/EthRec
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    One options trader bets $7.5 million on a breakdown in AMD

    Posted: 05 Aug 2021 11:48 AM PDT

    Augmented reality

    Posted: 05 Aug 2021 11:46 AM PDT

    With apple about to make a big announcement coming up I'm curious which companies will be involved in their new project which I assume will be related to augmented reality. Given they are set to release a new product which they believe will change the smartphone game I'm curious how soon this will actually come to market given their high sales volume with the latest iPhone. Motley fool has came out with an article so any insight into this area is appreciated. One company I'm looking at is AMD which was involved in the Apple Watch launch. When you look at apples history generally those involved in the supply of the tech for these big changes and announcements have seen large gains so I'm wondering what will be the next big winner.

    submitted by /u/dgrayyyyyyyyyy
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    Broker Issues - Need Help

    Posted: 05 Aug 2021 11:27 AM PDT

    Recently I participated in the spin-off of Victorias Secret.

    I bought the parent company - L Brands for $70.77 (85 shares).

    Following the spin-off I received my proportional shares of Victorias Secret - 28 shares for nill consideration.

    And retained my shares in the parent company which is now Bath & Body Work.

    However, when it came to the transaction it appears my broker sold my original position for a consideration of $79.92 (all 85 shares) and then purchased Bath & Body Works for the same consideration (85 shares @ $79.92) changing my cost basis per share from $70.77 -> $79.92. I was wondering is this correct?

    I would of assumed that my shares in the parent would of remained at a cost basis of $70.77?

    It just doesn't seem right to me, would really appreciate the help on this.

    For context I'm a european investor and the broker I use is Degiro

    submitted by /u/larrytheliquidator
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    Mohnish Pabrai answers on Alibaba investment

    Posted: 05 Aug 2021 08:52 AM PDT

    Take two interactive Software ($TTWO) recent price movements.

    Posted: 05 Aug 2021 10:22 AM PDT

    So basically: I impulsively bought into TTWO, when it was at $183. Now it has gone down significantly despite a solid earnings report. I still have some faith in the company and expect some big upcoming game announcements in the coming 1-2years so I'm holding on. However I do not fully understand the recent price-movements of the stock. Can anyone explain why the price suddenly dipped so heavily after the earnings-report? The earnings report was exactly as I expected it to be and nothing seemed wrong with it.

    Also is this a bad investment? I plan to hold this position for 1-2years until I can get an opportunity to sell. I am pretty new to investing in the market. Have been investing in funds/etf's for years though.

    submitted by /u/Captainsmirnof
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    Best budget friendly online platform for international stocks

    Posted: 05 Aug 2021 04:36 AM PDT

    I'm a student in Pakistan. I'm interested in international stocks investment. I have extremely minimum knowledge on this subject and only understand basic terminology like "stock, dividend, drip service, holding etc".

    My total savings are about $200. Plus, I can't afford to use them up at once either.

    I was thinking I should dive in and learn from mistakes while I'm still living a carefree life with my relatively well-off & supportive parents where my 200 dollars lost will not result in starvation or rent issues. They've also offered to give some extra cash for this noble venture.

    I stumbled upon HargreavesLansdown to open an individual DIY account for myself but that website seems really expensive tbh. Are there better options for someone in my situation?

    submitted by /u/kakashi_hak
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    $RNWR ABOUT TO MAKE AN INTERNATIONAL SPLASH WITH ORCA EV

    Posted: 05 Aug 2021 08:17 AM PDT

    $RNWR

    https://www.otcmarkets.com/stock/RNWR/news/808-is-about-to-Launch-its-Orca-Roadster-Advertising-Campaign?id=315007

    Bradenton, Florida, Aug. 05, 2021 (GLOBE NEWSWIRE) -- 808 Renewable Energy Corporation (OTC Pink: RNWR) ("808" or the "Company"), today announces that the Company is about to launch its local advertising campaign to promote and introduce its first electric reverse-trike model – the Orca Roadster.

    "We have successfully passed the Trademark Application Filing Stage and now entering into the Examination Process with the U.S. Patent & Trademark Office of our " Orca " trade name," commented David Chen, Chairman and President of 808.

    Remy Breton, Vice President SilverLight Electric Vehicle commented, " we are now in discussion with Simon Properties Group who is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, $SPG). Their properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. We are very excited to work Simon as a strategic partner to have our vehicles displayed at some of their outlets here in Florida, such as Ellenton Premium Outlets, Orlando International Premium Outlets, Orlando Vineland Premium Outlets and their other outlets in Tampa, Jacksonville and Miami. as they can help us to put our vehicles in front of millions of people, and provide us with an outstanding opportunity to receive the market exposure we need. "

    Peter Chen, CFO of the Company further commented, " we are working closely with our supply chain partners to deliver the best-value to our customers. We are using the state-of-art aerospace composite materials, advanced lithium-ion battery, fun to drive electric power train and backed by our Comprehensive Extended Warranty program. We are also in the process of rolling out an electric-scooter model and a low-speed EV model which are great resort fun vehicle and easy urban transportation (there is a Federal Tax Credit available for two- or three-wheel electric vehicle with 2.5 kwh battery equipped, for 10% of the purchase price up to $ 2,500.)

    submitted by /u/TSNP_Humbl
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    Uber Riding Way Down On Earning But Up On Trending Stocks!

    Posted: 05 Aug 2021 07:57 AM PDT

    Uber Riding Way Down On Earning But Up On Trending Stocks!

    Uber Logo

    For many of the new-age investors, investing following just fundamental analysis alone can be a tedious task. Moreover, they don't have time to cudgel their brains doing background checks for several companies. Isn't it? So, a better way can be to check upon the stocks which are trending and then investigate a bit.

    While searching for the same, on the Quantale.io dashboard, one can easily notice Uber Technologies Inc paving its way on in the top 20 trending stock this morning. So, it won't be wrong if we correlate its debut on the trending stocks section with the release of the company's Q2 earnings report yesterday afternoon.

    Despite the revenue growth of 35 percent quarter over quarter and 105 percent year over year, the company's Adjusted EBITDA reported a negative $509 million, indicating a decrease of $150 million quarter over quarter but an increase of $328 million year over year. Mobility Adjusted EBITDA stood at $179 million with a drop of $119 million quarter over quarter but rose $129 million year over year.

    However, according to Refinitiv data, analysts expected the business to record an adjusted EBITDA loss of $324.5 million on average.

    As can be seen, Uber exceeded expectations, posting a $184 million EBITDA loss, which was more than projected.

    In addition, the company's EBITDA and net income have been negative since 2016, according to the Quantale.io dashboard.

    Returning to its quarterly report, what one should look for is how the company will meet the expectation of achieving an Adjusted EBITDA loss of less than $100 million in Q3 in addition to record Gross Bookings between $22 and $24 billion, despite incurring losses in its ride-hailing business and investing $250 million in driver incentives in Q2.

    Uber's stock dropped 5% in after-hours trading after the company's quarterly results report was made public, after finishing the regular session down 2.29 percent.

    Additional Information:

    From February to July, Uber states that the number of monthly active drivers and food delivery workers grew by approximately 420,000. According to the firm, passenger wait times in key U.S. cities dropped during that period. Even when incentives were lowered, the supply of drivers in the United States grew by 30% from June to July.

    About Uber Technologies Inc:

    Uber Technologies, Inc. is a technological platform for people and things mobility. The company services include multimodal people transportation, restaurant meal delivery, and freight carrier and shipper connectivity. Rides, Eats, Freight, Other Bets, and ATG and Other Technology Programs are the company's segments.

    submitted by /u/Mr_XooX
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