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    Sunday, August 1, 2021

    Stock Market - Here Are The 22 Representatives Who Voted AGAINST The Short Sale Transparency And Market Fairness Act

    Stock Market - Here Are The 22 Representatives Who Voted AGAINST The Short Sale Transparency And Market Fairness Act


    Here Are The 22 Representatives Who Voted AGAINST The Short Sale Transparency And Market Fairness Act

    Posted: 01 Aug 2021 05:28 PM PDT

    Amazon Stock Loses $130 Billion In Market Value After $885 Million Fine And Disappointing Earnings Report

    Posted: 01 Aug 2021 04:10 PM PDT

    Most discussed stocks of last week and its sentiment! What are your moves for next week?

    Posted: 01 Aug 2021 06:16 AM PDT

    Square, Inc. Announces Plans to Acquire Afterpay, Strengthening and Enabling Further Integration Between its Seller and Cash App Ecosystems

    Posted: 01 Aug 2021 03:38 PM PDT

    I scanned over 150 charts this weekend. Here are some good setups I found to BTD: SKLZ, PTON, FUBO, TDOC, AAL, MU

    Posted: 01 Aug 2021 03:27 PM PDT

    I scanned over 150 charts this weekend. Here are some good setups I found to BTD: SKLZ, PTON, FUBO, TDOC, AAL, MU

    Last Week's Review

    We hit some home-runs last week with AMD, CLF, and TLRY. All of which were up over 20% at one point. The other names are not doing too bad either and IMO still "consolidating" with their charts & technicals. Here's a snapshot of the ticker performance from the last two weeks. In the same time-period SPY has gone up 3%.

    https://preview.redd.it/2nincqfdote71.png?width=774&format=png&auto=webp&s=9ff5b1cf77e59cbb1c84c622c8ad5fdcebbc5de7

    I exited my position on CLF as I felt it was beginning to get into the "red zone" I talk about. The ticker has been on an unbelievable uptrend since the start of the year and the chart is beautiful. However, I highlighted below a short-term risk area after the stock has shot up 30% in 7 days (due to good earnings as well). It's nearing the top of the trend channel and could potentially see a reversal. Either way, I protected my trade.

    Before we get into the tickers for this week here's a breakdown of some of my charting rules and terminology.

    Chart Guidelines & Terms

    I use the term "meme stock" loosely as these aren't necessarily meme companies. I really mean that the ticker has a HIGH PROBABILITY to trend on social media and the stock price could be affected by social sentiment. The watchlist I give is usually comprised of tickers that have taken a breather after getting too hot from a social aspect.

    Moving along, I like to look at my charts from a risk-reward perspective.

    "Red Zones" are high-risk lotto plays.

    "Orange Zones" are a bit of a mixed bag between being too hot or early in the trend.

    "Green Zone" is where I try to buy. These trades are never guaranteed (nothing in life is), but from a risk-to-reward point of view they are in my favor.

    As always, this is not financial advice or a recommendation to buy or sell a stock. Please do your own research before entering any positions.

    The Meme List

    Skillz Inc (SKLZ)

    I categorize this play on the meme stock list because SKLZ has been known to trend on various social media outlets and gain momentum through retail traders. This is a lucrative play and considered a YOLO with earnings coming up on Tuesday after the close. Looking at the chart the stock price is back to 3-month lows and where it was trading last December.

    It's current valuation at $14 is still pretty rich (5b market cap off 270m in sales), but should the stock continue to drop it might become quite favorable. This ticker traded at $45 back in February and is down 60% since.

    There are many doubters in the viability of this company's business model, but for a high-risk, high-reward play I like it at this current price. Having said that, ARK ETFs currently hold about 20 million shares of SKLZ.

    https://preview.redd.it/ov63q66eote71.png?width=2558&format=png&auto=webp&s=2ffc1f8da6a7e8dbadde81baafa4652e995fc653

    Peloton (PTON)

    PTON chart looks ready for another break-out to the upside. This could be a potential "fear of lockdown" play and any news of Covid variants will cause this to pop. Glancing at the fundamentals the company has quite a strong balance sheet with very little debt, and strong growth. Most analyst's concerns on this name are regarding if the growth is actually sustainable for the long-term.

    At $118 per share the stock is nearing the bottom of the channel for it's most recent trend over the last 3 months.

    https://preview.redd.it/gur9i0weote71.png?width=2558&format=png&auto=webp&s=35ffeb15132ea44c3f29d1a960e58f785f217171

    FuboTV (FUBO)

    Last, but not least on the meme's list we have FUBO. Remember the meme's list are tickers that have the potential to gain momentum through retail traders and popularity. This can sometimes be a driving force and the truth is you need to be in on these names BEFORE the hype-train leaves the station.

    FUBO had exceptionally strong performance back in December last year when it hit $60 per share. Concerns over the company's growth and sustainability have knocked the share price down by 60% and currently sits at $26. IMO we could be entering a green zone as the stock has traded sideways for a month now. FUBO reports earnings August 10.

    https://preview.redd.it/z66t32nfote71.png?width=2554&format=png&auto=webp&s=33c369e04882f29d5db69df663bccaa7700b78bf

    The BTFD List

    Teladoc (TDOC)

    TDOC is one of the leaders in the "tele-health" industry. It gained momentum and popularity throughout lockdowns, but as the world-reopened the stock price has tumbled. In March, Amazon also announced their entry into the tele-health services and investors did not like this increase in competition.

    This is a risky play and is potentially reliant on the lockdown catalyst, but at $148 per share and a 50% haircut from it's 52-week high, I will be looking to enter this position.

    https://preview.redd.it/v3kny7ngote71.png?width=2556&format=png&auto=webp&s=7709c634abc65d3fd164c5082a6cb9d1d163ffb9

    American Airlines (AAL)

    American airlines is a re-opening play. Travel is nearly back to pre-pandemic levels and most "re-opening" stocks are still trading at a discount due to future uncertainties.

    The chart for most airlines will be quite similar to each other, and in my opinion the worst is behind us. I'm looking for short-term upside on this one before the trend breaks down again.

    https://preview.redd.it/8zeibk4hote71.png?width=2554&format=png&auto=webp&s=bb8727e73d29eedb2c9134a3b588cb1986ea5bfd

    Micron Technology (MU)

    Out of all the semi-conductor plays it always seems like MU gets no love. AMD and NVDA are performing very strong, but MU seems to be the laggard. MU is trading at a PE of 21 while NVDA and AMD trade at 92 and 37, respectively.

    MU just posted very solid earnings and the macro environment should be a strong driver of growth for semi-conductors in general. There has been a chip-shortage for some time now affecting many industries and all this pent up demand will last into 2022.

    I thought this stock was going to continue it's breakout at $95 a share, but it broke down starting in April and may have found a bottom at $77. I like MU here and might enter a position.

    https://preview.redd.it/bya2xywhote71.png?width=2550&format=png&auto=webp&s=e6f3b1453ae52c152d07f5a0de245e5d4227142f

    Closing Thoughts

    That's the end for this week. Remember, investing is about PAYtience because it pays to be patient. There are A LOT of uncertainties in this market right now which means it is not the time for crazy YOLOs. We have risks from inflation, covid, rates & QE tapering, re-opening risk (or lack of going back to "normal").

    The VIX might not be close to the highs, but volatility is STILL HERE. We are seeing 2-5% daily swings in a lot of stocks right now. If anyone remembers before the pandemic you would be lucky to see a 2% move in most names.

    Hope you all had a great weekend and I'll be back next week. Just FYI I might start adding a mid-week update some of the weeks to spot existing up-trends, down-trends, or tickers hyped on social media.

    submitted by /u/LegendaryHODLer
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    Enjoy My Premium Watchlist For 8/2/2021 Tonight!!! If You Need Anything Just Comment!

    Posted: 01 Aug 2021 06:48 PM PDT

    Senator Manchin says the infrastructure bill text is going to be done today

    Posted: 01 Aug 2021 06:32 PM PDT

    • "I think you'll see text today," said Democratic Sen. Joe Manchin. "By this evening hopefully we can start the process, hopefully start our amendment process by tomorrow. We should finish up by Thursday."
    • The bill is expected to allocate about $110 billion for roads and bridges, $39 billion for public transit, $66 billion for rail and $11 billion towards road safety.
    • House of Representatives Speaker Nancy Pelosi said she is not going to hold a vote on the bill until the much larger $3.5 trillion budget reconciliation package passes.

    Democratic Sen. Joe Manchin said a draft of the roughly $1 trillion bipartisan infrastructure deal should be finished on Sunday.

    "I think you'll see text today," the West Virginia senator said on CNN's "State of the Union." "By this evening hopefully we can start the process, hopefully start our amendment process by tomorrow. We should finish up by Thursday."

    The Senate convened on Saturday to finish a draft of the legislative text of a robust infrastructure package. The bill is expected to allocate about $110 billion for roads and bridges, $39 billion for public transit, $66 billion for rail and $11 billion towards road safety. There's also roughly $55 billion for water and wastewater infrastructure and billions for airports, ports, broadband internet and electric vehicle charging stations.

    "When you talk about roads and bridges and rails and trains and everything that goes with it, internet services, it's something that every state, every area of every state needs," said Manchin. "A pothole doesn't have a Republican's or Democrat's name on it. It will bust your tire and tear up your car. We need to fix things."

    Manchin, who thinks the bill will be passed, added that when you see Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell both voting for the same thing "it's unbelievable."

    Earlier, Sen. Susan Collins, R.-Me., said on the same program that she thinks there will be more than 10 Republican senators who will support the bill.

    "My hope is that we'll finish the bill by the end of the week," Collins said.

    Democrats aim to pass the bill along with a second, separate $3.5 trillion package that would include a bevy of other party priorities. The proposal could address child care, paid leave, tax credits for households and climate policy.

    House of Representatives Speaker Nancy Pelosi said she is not going to hold a vote on the bill, assuming it passes the Senate, until the much-larger $3.5 trillion budget reconciliation package passes.

    However, Manchin said he believes each bill should be passed on its own merit.

    submitted by /u/iKickdaBass
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    IRS tax bill of $800,000 on a capital gain of $45,000... what to do...

    Posted: 01 Aug 2021 10:18 AM PDT

    The high prices of used cars may finally be dropping: Sonic Automotive president

    Posted: 01 Aug 2021 06:40 PM PDT

    • The average transaction price for a used car was $25,410 in the second quarter of 2021, up 21% year-over-year, the highest average price for a pre-owned vehicle that Edmunds has ever tracked.
    • Several automakers, including General Motors and Ford, have cut new vehicle production due to semiconductor chip shortages, putting further constraints on inventory and driving up prices.
    • New car inventory is improving and the chip issues should alleviate in the months ahead.
    • Already, some used car prices dropped by as much as $2,000 over the course of July. "That's all coming to an end," Sonic Automotive president Jeff Dyke said.

    In this article

    The scorching used car market is showing signs of slowing down, according to an executive at one of the top auto retailers in the U.S.

    "New car inventories are going to get better progressively over the next few months as we get to the end of the year," Jeff Dyke, president of Sonic Automotive, said on CNBC's "Worldwide Exchange" on Friday. "As that happens, it's going to alleviate the amount of inventory issues that is happening on the pre-owned side."

    The average transaction price for a used car was $25,410 in the second quarter of 2021, up from $22,977 in the first quarter and 21% year-over-year, according to data from online automotive resource Edmunds. That figure marks the highest average price over a quarter for a used car that Edmunds has ever tracked.

    However, Dyke says there are signs that the market is leveling off, with prices dropping by as much as $2,000 for a used car over the course of July as the supply of new cars is starting to increase.

    "Right now, we've got about an eight- to nine-day supply of new cars on the ground. If you take our BMW brand that we have 15 stores with, by the time we get to October and November we'll have a 25- to 30-day supply that's going to start regenerating pre-owned inventory for all the dealers, and that'll help alleviate the pricing," Dyke said. "We've never seen this before where you have an inversion where wholesale prices are really higher than retail prices, but that's all coming to an end."

    The boosted value of trade-in opportunities will likely prompt new car buyers to offer their current vehicle up to dealerships and retailers. The average trade-in value of a used vehicle in June was $21,224, up 75.6% year-over-year, according to Edmunds.

    In comparison, the average cost of a new car in the second quarter was $40,827, up from $40,070 in the first quarter and a 5% increase year-over-year, according to Edmunds.

    Semiconductor shortage impacting auto industry

    New car inventory has been hampered due to the continued shortage of semiconductor chips, an issue that is lingering.

    Last week, General Motors halted most of its U.S. and Mexican production of full-size pickup trucks like the Chevrolet Silverado and the GMC Sierra. Production is expected to resume this week, the company said.

    Ford also cut its North American vehicle production in July through early August due to a shortage of chips, impacting vehicles like the Ford F-150, Bronco Sport, and Explorer. The company said in its earnings last week that supplies of the critical parts are improving, however it lost production of about 700,000 vehicles during the second quarter. In April, Ford forecast an adverse effect of about $2.5 billion from the semiconductor shortage, which it declined to provide an update to last week when it reported.

    While Dyke said he does expect the chip shortage to "alleviate here in the coming months," the tight car supply has been beneficial to companies like Sonic Automotive that sell used cars.

    Sonic Automotive had $3.4 billion in revenue during its second quarter ending June 30, up 58.7% year-over-year and a new quarterly record for the company. Specifically, revenue for used vehicles grew 56.6% year-over-year.

    EchoPark Automotive, a division of Sonic Automotive that sells pre-owned vehicles, also set a record for quarterly earnings with $595.6 million in revenue, up 88.9% year-over-year. Retail sales volume was up 68.9% year-over-year.

    Sonic Automotive announced it is undertaking a strategic review of EchoPark, citing the success of the division and confidence in a runway for continued expansion. One option could be spinning the division off as a new public company, though Sonic Automotive has said it is considering a full range of alternatives.

    Several other used-car chains have gone public in recent years, including Carvana in 2017 and Vroom in 2020.

    CarMax, the largest used-car dealer in the U.S., saw its revenue increase 138.4% year-over-year in its 2022 fiscal first quarter ending May 31, to $7.7 billion. The company sold 452,188 units through its retail and wholesale channels during the quarter, up 128% from the previous year.

    submitted by /u/iKickdaBass
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    I calculated the intrinsic value of big tech stocks, using the latest Q2 earnings. Here is what I found

    Posted: 01 Aug 2021 07:22 AM PDT

    I took the latest numbers from Q2 earning calls of big tech stocks and I ran a discounted cash flow valuation to determine the fair value and my entry price of each stock.

    Link to video: https://youtu.be/QMs2CoXMvB0

    Conclusions:

    - Microsoft and Visa are currently overvalued by 30-40% for a 15% yearly return on investment

    - Facebook and Amazon are fairly valued for a 15% yearly return on investment

    - Apple and Qualcomm are undervalued by 16-18% for a for a 15% yearly return on investment

    - Intel, AMD and Google are severely undervalued by 32-49% for a 15% yearly return on investment

    Would love to hear feedbacks on what is your entry price for these stocks and what you consider undervalued

    submitted by /u/Modern_Investing
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    Fauci says he expects no new U.S. lockdowns despite surging Delta cases

    Posted: 01 Aug 2021 05:33 PM PDT

    • "I don't think we're going to see lockdowns," Fauci, who is also director of the National Institute of Allergy and Infectious Diseases, said on ABC's "This Week."
    • "I think we have enough of the percentage of people in the country - not enough to crush the outbreak - but I believe enough to not allow us to get into the situation we were in last winter."

    https://www.cnbc.com/2021/08/01/fauci-says-he-expects-no-new-us-lockdowns-despite-surging-delta-cases.html?&qsearchterm=covid

    President Joe Biden's chief medical adviser Dr. Anthony Fauci said on Sunday he does not expect the United States will return to lockdowns, despite the growing risks of COVID-19 infections posed by the Delta variant.

    "I don't think we're going to see lockdowns," Fauci, who is also director of the National Institute of Allergy and Infectious Diseases, said on ABC's "This Week."

    "I think we have enough of the percentage of people in the country - not enough to crush the outbreak - but I believe enough to not allow us to get into the situation we were in last winter."

    Although Fauci does not think the United States will need to shut down again as it did last year, he warned on ABC that "things are going to get worse" as the Delta variant continues to spread.

    "We have 100 million people in this country who are eligible to be vaccinated who are not getting vaccinated," he said.

    The average number of new cases reported each day has nearly doubled in the past 10 days and the number of hospitalized patients in many states is surging, according to a Reuters analysis.

    At the same time, the number of Americans getting vaccinated has increased.

    "The silver lining of this is that people are waking up to this and this may be a tipping point for those who have been hesitant," National Institutes of Health Director Francis Collins told CNN on Sunday. "That's what desperately needs to happen if we're going to get this Delta variant put back in its place, because right now it's having a pretty big party in the middle of the country."

    submitted by /u/iKickdaBass
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    I just received these free stocks ... are any of these worth keeping or should I sell them? [Newbie]

    Posted: 01 Aug 2021 08:21 PM PDT

    Lordstown Motors Stock Vs. Nio Stock: A Technical Race To The Bottom? #RIDE #NIO

    Posted: 01 Aug 2021 03:36 PM PDT

    Just like oat milk and kombucha: Inside the race to sell cannabis beverages. Major beer companies are investing in THC-infused drinks, but the sector represents less than 2 percent of the overall $20 billion marijuana market.

    Posted: 01 Aug 2021 07:01 AM PDT

    Predicting the Markets 3–6 months ahead using Economic Indicators.

    Posted: 01 Aug 2021 10:49 AM PDT

    SHEN ex-dividend date vs. record date

    Posted: 01 Aug 2021 08:32 AM PDT

    SHEN - Shenandoah Telecommun Co Sold off their mobile communications network, and is issuing a special dividend of $18.75

    I am trying to sort out why the record date is July 13, but the ex-div date is weeks later at August 3.

    Does the Record date not matter in this instance? Why or Why not?

    EDIT:
    Answered the question: Special Dividends are handled differently:

    Why Do Special Dividends Sometimes Have an Ex-Dividend Date After the Pay Date?
    Michael McDonald - Dividend.com
    https://www.dividend.com/dividend-education/why-special-dividends-have-ex-dividend-date-after-pay-date


    The standard explanation about record date and ex-div dates:
    https://corporatefinanceinstitute.com/resources/knowledge/finance/important-dividend-dates/

    Dividend Dates:
    The record Date is July 13 2021
    Pay Date 08/02/21
    Ex-Dividend Date 08/03/21

    References:
    https://dividata.com/stock/SHEN

    Options Clearing Corp SHEN Option Adjustment Memorandum
    https://infomemo.theocc.com/infomemos?number=48956

    SHEN announcement of sale of cell business
    https://www.msn.com/en-us/money/companies/shenandoah-telecommunications-shen-q2-2021-earnings-call-transcript/ar-AAMLRdd

    Special dividend announcement
    https://www.shentel.com/news/2021/july/shentel%20declares%20special%20dividend


    submitted by /u/redtexture
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    Where Is Your Spot At The Dinner Table

    Posted: 01 Aug 2021 07:35 AM PDT

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