Stock Market - S&P 500’s forward price/sales ratio has climbed to a record high |
- S&P 500’s forward price/sales ratio has climbed to a record high
- SEC Chairman Says Banning Payment for Order Is 'On the Table'
- Looking to buy a gaming company – Budget: $15,000 ~~ Activision Blizzard vs Electronic Arts ~~
- As Warren Buffett turns 91, the legendary investor prepares Berkshire Hathaway for a new economy. Berkshire’s exposure to technology stocks has grown to 45% of its equity portfolio.
- SEC Chair Gensler says ban of payment for order is ‘on the table’ Kate Rooney joins Closing Bell with news from SEC Chair Gary Gensler, who told Barron’s that a payment for order ban could happen.
- Does anyone know why my PayPal and Amazon stocks did this weird dip
- Some Say Low Interest Rates Cause Inequality. What if It’s the Reverse? The Federal Reserve’s low interest rate policies and other steps meant to boost the economy are driving the value of stocks and other assets to the moon, and thus are a major cause of high wealth inequality.
- Aluminum Demand is SOARING while supplies still struggle to catch up
- Heat map today, more mixed than last week with finance being most red
- Here is a Market Recap for today Monday, August 30, 2021
- I sold some AMC today but why is the price at 3k? I only got 40 for each share
- S&P 500 Information Technology is now leading the broader S&P 500 YTD, which it has done each of the last seven years.
- Woke up to some good little growth, any suggestions for the week ?
- PayPal is exploring a stock-trading platform for its U.S. customers
- FDA PDUFA Back Testing Results
- AQST stock to buy? Spike soon?
- “Music is the wine that fills the cup of silence.” #Celebrating pre-gain with potential future partners
- Hala raises $5 million
- Entegris, Inc. (ENTG) stock review
- Thoughts?
- Does anybody have info on ater ? Aterian
- Question on closing a credit spread.
- PayPal is thinking about starting their own trading platform
| S&P 500’s forward price/sales ratio has climbed to a record high Posted: 30 Aug 2021 10:32 AM PDT
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| SEC Chairman Says Banning Payment for Order Is 'On the Table' Posted: 30 Aug 2021 12:36 PM PDT
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| Looking to buy a gaming company – Budget: $15,000 ~~ Activision Blizzard vs Electronic Arts ~~ Posted: 30 Aug 2021 07:35 AM PDT
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| Posted: 30 Aug 2021 02:48 PM PDT
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| Posted: 30 Aug 2021 01:09 PM PDT
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| Does anyone know why my PayPal and Amazon stocks did this weird dip Posted: 30 Aug 2021 02:57 PM PDT
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| Posted: 30 Aug 2021 08:52 AM PDT
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| Aluminum Demand is SOARING while supplies still struggle to catch up Posted: 30 Aug 2021 08:33 AM PDT Aluminum is now $2,650 per metric ton. 80% higher than their low in May 2020. Aluminum Notches Decade Highs on Soaring Demand, Snarled Supplies - WSJ What is causing this? Shipping containers, literally. In China there is plenty of Aluminum to meet demand, however, it simply has not been able to reach consumers yet. Just like lumber when supply chain issues solve themselves the price will collapse. Despite this, some materials like graphite, silver, and lithium just for example will continue to grow in demand long term and some companies are taking advantage of that. 6 Minute CEO - Ceylon Graphite - CEO Update - YouTube Inflation has risen largely due to the massive supply chain issues at hand which can take quite a while to smooth out because on top of that many Americans are spending more money than they did pre pandemic. Interestingly enough, the average millennial is spending $765 per month more right now than they did in February of 2020 before COVID 19 hit the US. What do you think? [link] [comments]  | ||
| Heat map today, more mixed than last week with finance being most red Posted: 30 Aug 2021 03:35 PM PDT
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| Here is a Market Recap for today Monday, August 30, 2021 Posted: 30 Aug 2021 01:39 PM PDT PsychoMarket Recap - Monday, August 30, 2021 Stocks traded mixed, with the S&P 500 (SPY) and tech-heavy Nasdaq (QQQ) extending gains from last week to reach new intraday record highs. On the other hand, the Dow Jones (DIA) was driven slightly lower due to weakness in financial and energy stocks while the Russell 2000 (IWM), which tracks the performance of small-caps, broke its winning streak to close 0.41% lower. Market participants continue to digest the Federal Reserve's annual Jackson Hole Symposium and a key speech by Chairman Jerome Powell on Friday. Looking ahead, market participants await a busy week for new economic data, with the August Jobs Report due out on Thursday. Despite hawkish statements by other Federal Reserve members in the July meeting minus, in his speech Powell remained highly accommodative, suggesting he was more inclined to wait to see further progress in the economy before tapering QE, especially in light of surging infections due to the Delta variant. Powell said, "At the FOMC's recent July meeting, I was of the view, as were most participants, that if the economy evolved broadly as anticipated, it could be appropriate to start reducing the pace of asset purchases this year. The intervening month has brought more progress in the form of a strong employment report for July, but also the further spread of the Delta variant. We will be carefully assessing incoming data and the evolving risks. Even after our asset purchases end, our elevated holdings of longer-term securities will continue." Powell once again urged caution since the economic recovery in the market is still undergoing, saying effects from an ill-timed policy shift would "arrive after the need has passed" and "could be particularly harmful. Here is the full quote, "The main influence of monetary policy on inflation can come after a lag of a year or more. If a central bank tightens policy in response to factors that turn out to be temporary, the main policy effects are likely to arrive after the need has passed. The ill-timed policy move unnecessarily slows hiring and other economic activity and pushes inflation lower than desired. Today, with substantial slack remaining in the labor market and the pandemic continuing, such a mistake could be particularly harmful. We know that extended periods of unemployment can mean lasting harm to workers and to the productive capacity of the economy." Regarding inflation, Powell once again reiterated the need for caution but suggested he was prepared to act if incoming data deems it appropriate. He said, "Central banks have always faced the problem of distinguishing transitory inflation spikes from more troublesome developments, and it is sometimes difficult to do so with confidence in real time. At such times, there is no substitute for a careful focus on incoming data and evolving risks. If sustained higher inflation were to become a serious concern, the Federal Open Market Committee (FOMC) would certainly respond and use our tools to assure that inflation runs at levels that are consistent with our goal. Incoming data should provide more evidence that some of the supply–demand imbalances are improving, and more evidence of a continued moderation in inflation, particularly in goods and services prices that have been most affected by the pandemic. We also expect to see continued strong job creation. And we will be learning more about the Delta variant's effects." Here is the full transcript from the speech, I encourage everyone to read it fully. It's not very long and is extremely insightful to see exactly what the main monetary policy maker thinks of the current state of the economy https://www.federalreserve.gov/newsevents/speech/powell20210827a.htm Regarding Powell's speech, BTIG Chief Equity and Derivatives Strategist Julian Emanuel said, "Powell "did three things very, very right, and obviously the markets are celebrating that. First was keeping the speech succinct. Second thing he did risht is, he sent the rest of the Fed governors out over the prior four weeks to basically tell us all that the taper was coming. He merely had to reiterate, and reiterate softly, that message, which he did very effectively. The third thing is he really tackled inflation head on. He knew that's been the preoccupation of the markets for these last couple of months. While he didn't give any new real evidence as to why he views inflation as transitory, he did cite the ongoing moderation in commodity prices and the view that past history would indicate that inflation is likely to be temporary." Looking ahead, market participants are set to receive more data on the strength of the labor market recovery this week, with the Labor Department's August jobs report due out on Friday. Consensus economists are looking to see that 750,000 payrolls came back during the month, representing an eighth straight month of gains but a slight pullback from July's 943,000. Highlights
"Without labor nothing prospers." - Sophocles [link] [comments]  | ||
| I sold some AMC today but why is the price at 3k? I only got 40 for each share Posted: 30 Aug 2021 09:28 AM PDT
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| Posted: 30 Aug 2021 03:42 PM PDT
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| Woke up to some good little growth, any suggestions for the week ? Posted: 30 Aug 2021 07:09 AM PDT
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| PayPal is exploring a stock-trading platform for its U.S. customers Posted: 30 Aug 2021 10:03 AM PDT
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| FDA PDUFA Back Testing Results Posted: 30 Aug 2021 02:18 PM PDT I decided to look at all of the FDA's PDUFA/PDUFA Priority rulings since the start of the year (1/1/21) to see if the news makes the stock go one way or another. The results can be found in the spreadsheet below: https://docs.google.com/spreadsheets/d/1OVz1uVLZTEe5Ht3qiFI48ru_sA6goAtQqsdOBdJjr7o/edit?usp=sharing Note- The results do not indicate if the companies drug was approved or denied. Only the move after the date. TLDR: The average 24hr change in a stock price after the announcement was: -2.8% The average 1 week change in a stock price after the announcement was: -6.7% --------------------------------------------------------------------------------------------------------------------------------------------------- For those that are not familiar with what a PDUFA date is (from Google):
Methodology: The PDUFA/PDUFA Priority review date was found then the stock price was pulled using GOOGLEFINANCE in sheets. From there a % change calculation was made on the 24hr price change and 1 week change. All biotech stocks that had a PDUFA/PDUFA Priority review date from 1/1/21 - 8/23/21 were analyzed and an average was taken. Any outliers are highlighted in either green or red. Red represents a change of more than -2% Green represents a change of more than +2% Let me know if you see something wonky or an error in my logic. [link] [comments]  | ||
| AQST stock to buy? Spike soon? Posted: 30 Aug 2021 04:55 PM PDT Sorry about the formatting, am on phone AQST - Aquestive Theraputics is a pharmaceutical company that advances and commercializes medicines to solve critical therapeutic problems and meaningfully improve people's lives. PRODUCTS SUBOXONE- a drug used to treat opioid abuse. It has never experienced an out-of-stock occurrence since its launch in 2010. Codeveloped (Aquestive Theraputics & Indivior) SYMPAZAM - drug used to treat seizures associated with Lennox-Gastaut Syndrome in people 2 years of age or older. Developed by Aquestive. LIBERVANT (NDA "New Drug Application) - Libervant is a formulation of diazepam on a soluble film that is administered on the inside of the cheek. It is intended for fast treatment of acute uncontrolled seizures in refractory patients with epilepsy on stable anti-epileptic drugs (AEDs). If approved, it will be the first oral diazepam-based therapy approved for seizure clusters. The FDA granted it Orphan Drug designation in November 2016. SHARES OUTSTANDING/FLOAT/ AVALIABLE TO SHORT/ VOLInteresting data. The amount of shares outstanding is 37.06M. Share float is 36.78M. Do the math, that's a 5.55% short float. Fintel is showing 10,000 shares available to short released 2 hr ago. (See below). Volume today was 2.05M (daily avg of 566k). It gained 0.62 cents (15%) today and closed at 4.660 and broke through the 4.680 resistance. 151 institutional owners, 2.04 million share avaliable to short.https://www.marketbeat.com/stocks/NASDAQ/AQST/short-interest/https://finviz.com/quote.ashx?t=AQST CATA Long term: Read this press release below. New product Libervant, NDA resubmission accepted by the FDA. PDUFA goal by December 23, 2021. https://finance.yahoo.com/news/aquestive-therapeutics-reports-second-quarter-215500187.html [link] [comments]  | ||
| Posted: 30 Aug 2021 01:22 AM PDT
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| Posted: 30 Aug 2021 08:22 PM PDT
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| Entegris, Inc. (ENTG) stock review Posted: 30 Aug 2021 08:06 PM PDT I recently ran across Entegris, Inc. (ENTG), it's a ~16B market cap company that's in the semiconductor equipment & materials industry. The company provides gases, chemicals, material handling equipment, for semiconductor companies. Take a look https://www.entegris.com/en/home.html. These products and services are critical for semiconductor companies. I personally think semiconductors are incredibly important now and will continue to do so in the future. Semiconductors will also need innovating and and will remain important. With that said, these companies have a lot of attention and finding one at a "good deal" is difficult. Quick overview of valuation: MC=16.4B P/E=48 P/CF=37 EV/EBITDA=26.7 current ratio=5.4 ROE=18 ROIC=12 Along with all this the financial statements look great. Revenue, operating income, net income, shareholder equity, FCF are all increase YOY. With the industry that the company is in, and growth is has had over the past 5 years, I would say the company is somewhat fair priced. (I haven't done an in depth analysis yet) Has anyone looked into this company? Am I missing something? Potential risk, etc? [link] [comments]  | ||
| Posted: 30 Aug 2021 05:55 AM PDT
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| Does anybody have info on ater ? Aterian Posted: 30 Aug 2021 11:41 AM PDT
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| Question on closing a credit spread. Posted: 30 Aug 2021 03:21 PM PDT If I were to open a credit spread with an extremely low chance of things going against me and the option is about to expire worthless, would I need to close the position? My understanding is that you should always close the position because options can still be exercised up to 1.5 hours after market close. So if something ridiculous happens during AH, then it could royally fuck you. My only reason for asking is because I have never opened a spread position and I wanted to try first a very very low risk spread that would only profit 1-2% to get my feet wet. Spreads are seen as a defined risk strategy but I have heard some horror stories when the positions were not closed at expiration. Thank you. [link] [comments]  | ||
| PayPal is thinking about starting their own trading platform Posted: 30 Aug 2021 02:27 PM PDT
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