Stocks - r/Stocks Daily Discussion & Technicals Tuesday - Aug 10, 2021 |
- r/Stocks Daily Discussion & Technicals Tuesday - Aug 10, 2021
- Hi guys, i don't see a thread for the $1.2 trillion infrastructure bill.
- AMC says it will accept bitcoin as payment for movie tickets by year-end
- ScottsMiracle-Gro announces cannabis investment entity, and a $150m investment in RIV Capital
- ZEV - Lightning Emotors Secures $850 million Contract with Forest River Inc.
- Senate Passes Bipartisan Infrastructure Bill
- How does this fraudster keep selling his Nikola shares?
- Sony acquires Crunchyroll
- Investment advice
- Where does one get the quickest and most up-to-date news?
- $KO: Reasons to avoid investing in?
- Douyu and HUYA: What can we expect at their earnings call next week (17th Aug)?
- Taxes on stocks
- Hey traders - possible opportunity for us with TALK
- Literature for investors?
- What happens to shares I sell that are above my purchase price but below my average price reddit
- Is it possible that a company grows yet the stock falls?
- How are you playing $MRNA?
- COIN beats EPS $6.42 v $2.26, exceeds estimates as trading volume, users surge
- Green investments struggle as a 'code red' climate report is issued
- Just created a custodial brokerage account for my newborn daughter. What are some overlooked stocks that could have large gains in 20 years?
- Question on selling a put option
- BluJay Mining (#JAY / $BLLYF / @BluejayMining) sign JV deal with Bill Gates/Jeff Bezos funded company! (Nickel/Copper/Cobalt/Platinum)
- Thoughts on LOGI?
- Here is a Market Recap for today Tuesday, August 10, 2021
| r/Stocks Daily Discussion & Technicals Tuesday - Aug 10, 2021 Posted: 10 Aug 2021 02:30 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post. Some helpful day to day links, including news:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions. The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price. TA can be useful on any timeframe, both short and long term. Intro to technical analysis by Stockcharts chartschool and their article on candlesticks If you have questions, please see the following word cloud and click through for the wiki: See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Hi guys, i don't see a thread for the $1.2 trillion infrastructure bill. Posted: 10 Aug 2021 09:06 AM PDT Hi guys, i don't see a thread for the $1.2 trillion infrastructure bill. How are you guys playing this? Any suggestions? Which companies will benefit from this? Transportation, broadband, utilities are the ones getting funding as per the news. [link] [comments]  |
| AMC says it will accept bitcoin as payment for movie tickets by year-end Posted: 09 Aug 2021 07:14 PM PDT AMC Entertainment mentioned Monday it will begin accepting bitcoin as payment for movie tickets and concessions if bought on-line in any respect of its U.S. theaters. CEO Adam Aron mentioned throughout an earnings name Monday that the movie theater chain will have the IT methods in place to take the cryptocurrency as payment by the tip of 2021. The transfer marks a wedding of two extremely speculative property — bitcoin, identified for its wild volatility, and AMC, which turned a meme inventory star favored by retail merchants on Reddit's notorious WallStreetBets discussion board. The value of bitcoin swung drastically in latest weeks, final buying and selling round $46,000 after falling under $30,000 final month. The latest rebound got here amid optimism {that a} cryptocurrency compromise will be included as a part of the bipartisan infrastructure bundle. The Senate finally didn't advance the deal. Tesla had introduced plans to allow bitcoin transactions, however it halted automotive purchases with the digital token in mid-Could as a consequence of considerations over how mining contributes to local weather change. CEO Elon Musk has since commented positively on bitcoin, saying he plans to carry the coin long run. Shares of AMC climbed greater than 4% in prolonged buying and selling on Monday following a better-than-feared earnings report. The corporate posted a narrower-than-expected loss throughout the second quarter, together with income that topped analysts' estimates. The inventory has rallied practically 1,500% this 12 months as a band of retail merchants who coordinated trades on social media platforms managed to create a large brief squeeze within the shares. The struggling movie theater was a preferred brief goal amongst hedge funds and different gamers. [link] [comments]  |
| ScottsMiracle-Gro announces cannabis investment entity, and a $150m investment in RIV Capital Posted: 10 Aug 2021 08:20 AM PDT I thought this was interesting, particularly after the discussion on SMG that occurred yesterday. Article link: https://techcrunch.com/2021/08/10/scottsmiracle-gro-announces-cannabis-investment-entity-and-a-150m-investment-in-riv-capital/ Scotts Miracle-Gro knows how to make plants grow, and now the company is looking to cannabis companies to grow its balance sheet. The company today announced an investment entity specifically for cannabis. Called The Hawthorne Collective, the entity is said to be pursuing minority investments in companies not currently being pursued by ScottsMiracle-Gro's cannabis subsidiary, The Hawthorne Gardening Company, which owns and operates dozens of cannabis-focused gardening brands. The Hawthorne Collective's first investment comes in a $150 million convertible loan to Toronto-based RIV Capital, a cannabis investment and acquisition firm. According to the company's press release, the note accrues interest at 2.03%, and upon close, RIV Capital will become The Collective's preferred vehicle for future investments. The addition of this investment vehicle gives Scotts Miracle-Gro a new entry into the expanding world of cannabis. Its operating subsidiary, The Hawthorne Gardening Company, already houses some of cannabis' most potent gardening brands. "Indeed, the growth of The Hawthorne Gardening Company over the past six years has generated significant shareholder value," said Jim Hagedorn, Scotts Miracle-Gro Chairman and CEO, in a released statement. "It also has allowed us to develop a rare level of expertise and insight regarding the cannabis space without being involved in the plant-touching aspects of the industry. That is why we are beginning to invest in other areas of the industry through The Collective while continuing to pursue near-in strategic acquisitions to fold into the existing Hawthorne Gardening business." [link] [comments]  |
| ZEV - Lightning Emotors Secures $850 million Contract with Forest River Inc. Posted: 10 Aug 2021 10:48 AM PDT ZEV - Lightning Emotors just secured a $850 million contract with Forest River Inc. (a division of Berkshire Hathaway) to convert Class 4 and Class 5 shuttle buses to all-electric powertrains. This is just the tip of the iceberg as the current in the EV space is moving quickly . Article: https://finance.yahoo.com/news/lightning-emotors-forest-river-inc-113000152.html [link] [comments]  |
| Senate Passes Bipartisan Infrastructure Bill Posted: 10 Aug 2021 10:02 AM PDT The Senate passed a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, advancing a central piece of President Biden's economic agenda that would amount to one of the most substantial federal investments in roads, bridges and rail in decades. The vote was 69 to 30, with 19 Republicans joining all 50 members of the Democratic caucus to pass the bill. The product of weeks of painstaking negotiations between a bipartisan group of 10 senators and the White House, the legislation both reauthorizes spending on existing federal public-works programs and pours an additional $550 billion into water projects, the electrical grid and safety efforts, among many other projects. Of that $550 billion in spending above previously projected federal levels, $110 billion would go toward roads and bridges, $66 billion to rail and nearly $40 billion to transit. A $65 billion infusion would fund expanded access to broadband, including by providing low-income households a $30 monthly voucher to pay for internet service. The bill includes several measures aimed at avoiding the worst consequences of climate change, with $65 billion allocated for improving the electrical grid and energy production and nearly $50 billion set aside for making infrastructure more resilient to both cyberattacks and natural disasters like floods and wildfires. Roughly $7.5 billion is dedicated to building additional charging stations for electric vehicles, while another $7.5 billion would help fund swapping out current school buses and ferries with lower-emission replacements. Full story here- https://www.wsj.com/articles/senate-set-to-pass-bipartisan-infrastructure-bill-tuesday-11628597274?mod=hp_lead_pos1 [link] [comments]  |
| How does this fraudster keep selling his Nikola shares? Posted: 09 Aug 2021 02:34 PM PDT Why has the SEC not put a lock out on Milton's shares? The SEC cant do a damn thing to protect investors. This whole thing is beyond a scam now. https://www.yahoo.com/finance/news/miltons-sell-off-indicted-nikola-161738546.html [link] [comments]  |
| Posted: 09 Aug 2021 10:36 PM PDT https://finance.yahoo.com/news/sony-completes-crunchyroll-acquisition-220920170.html "It's official. Sony now owns both Crunchyroll and Funimation. The company's Sony Pictures division completed the $1.175 billion acquisition on Monday. And with the deal now closed, Sony Pictures CEO Tony Vinciquerra said the company's goal is to "create a unified anime subscription experience as soon as possible." Sony didn't say how soon we could see that happen and what form that "experience" will take. For the time being, Funimation and Crunchyroll will continue to exist as separate streaming platforms, with few details on what the deal means for subscribers. "With the addition of Crunchyroll, we have an unprecedented opportunity to serve anime fans like never before and deliver the anime experience across any platform they choose, from theatrical, events, home entertainment, games, streaming, linear TV — everywhere and every way fans want to experience their anime," Vinciquerra said. Sony first announced it was acquiring Crunchyroll from AT&T at the end of 2020. At the time, the service said it had 3 million subscribers and over 90 million registered users across more than 200 countries. Less than a year later, Crunchyroll notes those numbers have increased to 5 million and 120 million, respectively." [link] [comments]  |
| Posted: 10 Aug 2021 09:19 AM PDT Hey guys. I have about $6000 I'd be willing to invest. It's not the end of the world if I lose it but I don't want to throw it to the dogs either. Any stocks or options should I be bullish on in the short to midieum term? [link] [comments]  |
| Where does one get the quickest and most up-to-date news? Posted: 10 Aug 2021 01:05 PM PDT Title-Question should be pretty self-explanatory. I know that e.g. in a bloomberg terminal you have pretty much insta-news if there's something knowledge worthy about a company. I myself don't have one and I am relying on websites like Marketwatch for the latest news. But even there, I feel the news aren't actually up-to-date, or within, let's say, 12-24h of an event. Where do you usually get your news from, what has worked best for you? [link] [comments]  |
| $KO: Reasons to avoid investing in? Posted: 10 Aug 2021 12:07 PM PDT Title says it all. I have been thinking for a while to invest a good amount of money in $KO but for some reason I hesitate and can't figure out why. I know it's a solid stock that grows slowly but steadily, it's paying the dividend for decades and in general everyone knows that it is a "safe" investment. I'm asking friends and colleagues to give me reasons why they wouldn't invest in it and literally everyone mentions the usual story about the sugar, etc. For me, this is not a reason to avoid investing in it. What is the reason you wouldn't invest in $KO in the near future? [link] [comments]  |
| Douyu and HUYA: What can we expect at their earnings call next week (17th Aug)? Posted: 10 Aug 2021 11:55 AM PDT ContextFor those of you who don't know, DOYU and HUYA currently hold about 80% of China's game streaming market. Tencent, who is a majority shareholder in both companies. wanted to merge them together, but that was denied by China's market regulation body. China also started cracking down on tech companies earlier in 2021 and as a result companies like DOYU and HUYA have dropped massively in price. Plus, there was the fear of Chinese stocks being delisted from US stock exchanges. Since the start of the year, DOYU has dropped by 68% and HUYA has dropped by 47%. The big question now is whether the current price is a good entry point. I personally think so and, in fact, if we look at DOYU, the company currently trades for the cash on its books! At the same time, they are not making a profit, but their net loss is tiny and they are expected to be profitable again next year. Analyst expectationsHowever, let's first look at what analysts have said recently. One thing that we want to see is analysts having raised their earnings and revenue estimates for the next quarter. An even better sign is if they have raised estimates less than 30 days before the earnings release. Unfortunately, DOYU has seen nothing, but reduced estimates. 6 analysts have reduced their earnings estimates and 7 analysts have reduced their revenue estimates. Currently, DOYU's expected earnings are -$0.06 dollars per share and their expected revenue is $354.7 million dollars. On the other side, HUYA has seen some increases, but they've mostly seen decreases. 1 analyst has increased their earnings estimate while 9 analysts have decreased it. Also, 2 analysts have increased their revenue estimates while 8 have decreased it. Currently, HUYA's expected earnings are $0.14 dollars per share, while their expected revenue stands at $439.9 million dollars. What does this tell us? Well, Wall Street is most likely expecting an earnings miss from both DOYU and HUYA. If you think about it, it makes sense. The economy has been reopened, people are no longer staying as much indoors, they are more likely to spend their money on something outside of gaming and streaming. The second quarter is also typically the slowest for these types of companies and the fourth is typically the strongest. So, overall, it makes sense that we can expect a relatively weak quarter. However, these estimates are not all bad given the reopening of the economy. Yes, earnings are expected to be lower, but revenues are expected to stay flat for DOYU and increase for HUYA. I'm not gonna lie, it's not the best expectation, but it makes sense after both companies had a really strong year. However, some investors are no longer bullish on the companies. Since April, Cathie Wood's ARK fund has sold almost all of its shares in HUYA. Jim Simons, a famous hedge fund manager, sold most of his DOYU and HUYA holdings in February around the peak of their price. Chinese criticism of online gamingPlus, recently, Chinese state media has criticised gaming and called it "spiritual opium", "opium of the soul" and so on. Obviously, a crackdown on gaming will negatively affect game streaming stocks like DOYU and HUYA. However, there hasn't been any legislation or official investigation, it's just an article although even Tencent have started calling for a ban on gaming for children under 12 years old. That's crazy, absolutely crazy, but that's where China is right now. It looks like Tencent are trying to stay on the good side of the Chinese government and Tencent is pretty much the biggest player in mobile games and gaming in China. To me, it seems like there won't be any crackdown of the gaming industry, but you never know with China. What can we expect to see in terms of price movements?Alright, so, what will happen with DOYU and HUYA on the 17th of August? Well, I don't have a crystal ball so I have no clue what will happen. However, I know what can happen and I personally think that the most likely scenario is for both stocks to jump in price if we see a good earnings beat coupled with revenue beat. The earnings beat needs to be at least 20%, revenue beat could be 10%, but it needs to be double digits. HUYA may hit between $13 and $14.5, maybe even $16, whereas DOYU may go up to anywhere between $4.5 and $6.5. The second scenario is them beating their earnings without beating their revenue. In that case, we could see a smaller jump in price. Finally, if we see an earnings miss, it is very likely that stock prices will drop. However, at this point, both stocks are so incredibly undervalued that I don't believe they will drop by a lot. DOYU and HUYA have never traded this low! As I said, DOYU is literally trading for the cash on its books! At the same time, both companies tend to make big swings in price so a big drop may happen, but it's hard to put an expected support level when they've never traded this low! Then, in terms of guidance, neither DOYU nor HUYA provide a full-year guidance so we cannot tell what results they are expecting themselves and we need to rely completely on the analysts for that. The bad thing is that analysts and investors are more likely to get scared by a miss, but it also means that we may see some massive jumps in price if DOYU and HUYA provide better-than-expected results. Finally, regardless of what happens on this earnings call, I still believe that DOYU and HUYA provide an amazing long-term opportunity. I've put a link to my detailed analysis of these companies on the top right, but essentially both of them are positioned to profit from the growth in China's game streaming market. As I mentioned at the start of the post, they hold 80% of the market. 80%! Their future is bright in my opinion and it is important to not confuse a drop in their stock price with a failing business. Their business is doing okay and it has the potential of doing amazing in the future. So, these are my ten cents (no pun intended) on DOYU and HUYA's upcoming earnings. What do you think? Will they smash their earnings or will they fail? [link] [comments]  |
| Posted: 10 Aug 2021 10:20 AM PDT What do you guys do for taxes when you sell a stock? Do you take a percentage out when you sell to cover taxes everytime? I want to start trading more frequently and don't want to have issues come tax time. [link] [comments]  |
| Hey traders - possible opportunity for us with TALK Posted: 10 Aug 2021 12:25 PM PDT The stock has been a falling knife since merger but today - it may have bottomed out. Following repeated bounces off 4.76, there was a minute candle with 700k volume at 4.75 which is all time low - I suspect the new bottom is now 4.80 and seems to be slowly increasing. Trade history by tick is seeing a lot of options trading. Shorts are finally covering? Who's making a play here? Thoughts? talk minute chart, volume spike Cheers fam. [link] [comments]  |
| Posted: 10 Aug 2021 01:10 PM PDT Hi, one year ago i started my investment journey with a very bad performance ( I am in red with almost 15k). Most of my losses are due to my lack of knowledge and experience that made me do bad decisions. Thats why i am here to ask you your personal advice on any source of knowledge (ideally books). I am thinking at technical source to do dd, analyze financial reports, quarters, ecc... But also something to cover the basis. My native language is italian but i am also fine english and french. I have some education in finance and economy. I dont trust youtube gurus. [link] [comments]  |
| What happens to shares I sell that are above my purchase price but below my average price reddit Posted: 10 Aug 2021 11:09 AM PDT I am currently down on a few companies that I no longer have conviction in. For example, my avg price right now is 35, the stock is at 30 and I have bought a few shares at 25-30 range. I want to pull out that money and invest it somewhere else. What would happen in such an instance? [link] [comments]  |
| Is it possible that a company grows yet the stock falls? Posted: 10 Aug 2021 12:07 PM PDT What are some relatively known examples? BABA comes in mind but is there any stock like this that is USA based? "grows" means it has steady revenue growth(lets say 15%+YoY) profit growth, decent financials, p/e ratio [link] [comments]  |
| Posted: 10 Aug 2021 08:51 AM PDT I got into Moderna awhile back after following their funding and some of the really innovative things they were doing in the space. Then COVID came and they really became a name brand! They've been pretty successful to date....but I don't really believe their current price ($476) is exactly justified. Given the recent meteoric rise, I haven't been really able to decide what to do. How are you playing $MRNA? Selling? h0lding? [link] [comments]  |
| COIN beats EPS $6.42 v $2.26, exceeds estimates as trading volume, users surge Posted: 10 Aug 2021 01:59 PM PDT
COIN is currently trading down 1.12% AH. [link] [comments]  |
| Green investments struggle as a 'code red' climate report is issued Posted: 10 Aug 2021 02:00 AM PDT
[link] [comments]  |
| Posted: 10 Aug 2021 07:13 AM PDT An emphasis on the overlooked part of the title. I plan on buying her a decent amount of AAPL MSFT and NVDA. I am looking for stocks that will help diversify her portfolio as well as provide big growth in the long term. [link] [comments]  |
| Question on selling a put option Posted: 10 Aug 2021 01:07 PM PDT Looking into thoughts on whether selling a June 16th 2023 put option on Tesla be [link] [comments]  |
| Posted: 10 Aug 2021 02:41 AM PDT Principle investors of KoBold, which signed a JV in relation to our Disko asset, include @Breakthrough Energy Ventures a #climate & #technology fund that aims to accelerate innovation in #sustainable energy. The fund is overseen by Bill Gates and Jeff Bezos. Other investors in the fund include Michael Bloomberg, co-founder of Bloomberg L.P. & candidate for the '20 Democratic nomination for president of the US, & Ray Dalio, co-chief investment officer of the world's largest hedge fund, Bridgewater Associates. [link] [comments]  |
| Posted: 10 Aug 2021 02:12 AM PDT It's one of those companies that are in every office on every corner of the world, but no one seems to speak about (at least here). Got a look at their financials, and I'm pretty impressed (at least by the current market standards):
So... what do you think? [link] [comments]  |
| Here is a Market Recap for today Tuesday, August 10, 2021 Posted: 10 Aug 2021 02:01 PM PDT PsychoMarket Recap - Tuesday, August 10, 2021 Choppiness in the market continued, with stocks closing the day mixed, with the tech- heavy Nasdaq (QQQ) falling while the S&P 500 (SPY) and Dow Jones (DIA) powered to new, intraday record highs, driven by strength in financial and industrial stocks. The Russell 2000 (IWM), which tracks the performance of small-cap stocks, traded mostly even, closing the day 0.22% higher. Like I have been saying for weeks now, while I remain bullish I expect a lot of choppiness in the market moving forward. In my view, there are a variety of contending factors affecting the market, including but not limited to: (1) record corporate earnings, (2) Senate's passage of the infrastructure bill, (3) improving labor market, (4) rising concerns surrounding the delta variant, (5) concerns around inflation, (6) regulatory concerns in China. Today, the price of oil rebounded from a three week low, with the market hoping that the resilient demand from the West may offset weak demand from China. Yesterday, oil prices tumbled due to concerns that the latest outbreak of COVID in China would trigger a swift response from the government, which has been so far extremely aggressive in battling the virus. China's National Health Commission said it confirmed 146 new infections as of Monday - the fourth straight day it reported 90 cases and above and the second day it has reported over 100 cases. Of the newly confirmed cases, 71 were locally transmitted, said the health commission. While those numbers are very small compared to the US, it is important to note that the Chinese government has a so-called "zero-COVID" approach, meaning the government is sure to act very aggressively, much more than is possible in Western countries, to stamp out the virus. Already, the CCP has ordered mass testing in areas of high transmission, re-implemented extensive lockdowns, enacted new travel restrictions within the country, and extended the closure of its borders to foreign travelers. As of yesterday, at least 47 officials have been punished for "negligence", according to state reports. Shockingly, we actually have some good news coming out of Congress. The US Senate gave surprisingly bipartisan approval to a $1 trillion infrastructure bill. The bill appropriates money to rebuild the nation's roads and bridges, fund climate initiatives, and bolster the nation's broadband infrastrucutre. The vote, 69-30, was uncommonly bipartisan given the seeming contention the Republicans had for the initial drafts of the infrastructure bill. Highlights
"The gem cannot be polished without friction, nor a person perfected without trials." - Seneca [link] [comments]  |
| You are subscribed to email updates from Stocks - Investing and trading for all. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment