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    Wednesday, August 11, 2021

    Stocks - r/Stocks Daily Discussion Wednesday - Aug 11, 2021

    Stocks - r/Stocks Daily Discussion Wednesday - Aug 11, 2021


    r/Stocks Daily Discussion Wednesday - Aug 11, 2021

    Posted: 11 Aug 2021 02:30 AM PDT

    These daily discussions run from Monday to Friday including during our themed posts.

    Some helpful links:

    If you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.

    Please discuss your portfolios in the Rate My Portfolio sticky..

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

    submitted by /u/AutoModerator
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    Amazon opens its $1.5 billion air hub in Kentucky in latest push to speed deliveries

    Posted: 11 Aug 2021 06:15 AM PDT

    https://www.cnbc.com/2021/08/11/amazon-opens-1point5-billion-kentucky-air-hub-in-bid-to-speed-deliveries.html

    Amazon on Wednesday debuted its $1.5 billion air hub in Northern Kentucky.

    The hub will serve as the central nerve of Amazon's U.S. air cargo operations, allowing it to speed deliveries even further to more corners of the country.

    This is definitely a good news as amazon continue to invest the profit to ensure the fast delivery. It will be more beneficial to amazon as the reliance on fedex and ups keep decreasing. Also, it will keep bringing more prime members if amazon can keep up the delivery speed

    submitted by /u/coolcomfort123
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    Great news! Consumer prices rose 5.4% from a year earlier, the same annual rate as in June, but the monthly pace slowed

    Posted: 11 Aug 2021 06:21 AM PDT

    The Labor Department reported Wednesday that its consumer-price index rose 5.4% in July from a year earlier, the same pace as in June and the highest 12-month rate since 2008.

    The CPI climbed a seasonally adjusted 0.5% in July from June, a slightly cooler pace than its 0.9% increase in June from May.

    The index measures what consumers pay for goods and services, including groceries, clothes, restaurant meals, recreation and vehicles. The so-called core price index, which excludes the often volatile categories of food and energy, increased 4.3% from a year before.

    https://www.wsj.com/articles/us-inflation-consumer-price-index-july-2021-11628633099?mod=hp_lead_pos1

    submitted by /u/rugerapatt
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    Twitter is not growing

    Posted: 11 Aug 2021 07:12 AM PDT

    Twitter does not deserve 144 PE ratio. Short that piece of garbage company down to $5/share.

    The last time Twitter looked worth investing in was 2016 when it crashed down to 13 and they had Anthony Noto working to turn the company into an internet TV station that you could comment on and talk about the shows as you watch., Noto left and was never replaced. The board voted to keep a part time wanna be CEO who is intentionally killing the company by censoring every word anyone says and booting most of the users off the platform. This is a dead company. $5 per share is a high estimate.

    submitted by /u/Porkysays
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    Scotts Miracle-Gro announces cannabis investment entity, and a $150M investment in RIV Capital

    Posted: 11 Aug 2021 08:08 AM PDT

    https://techcrunch.com/2021/08/10/scottsmiracle-gro-announces-cannabis-investment-entity-and-a-150m-investment-in-riv-capital/

    Ticker: RIV on the TSX for those interested. Super interesting to follow the money to see where bets are being made.

    submitted by /u/General_Khanners
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    Why are vaccine stocks plummeting??

    Posted: 11 Aug 2021 10:42 AM PDT

    So Moderna & Pfizer are dropping like a rock. From my understanding, this one analyst, Geoff Meacham, just said Moderna is overvalued. How in the actual hell can this one guy's opinion cause the biggest drop in the stock since May 2020?? I'm sure there is more going on but so far, that's all I could find. Of course, with my luck I just entered yesterday and bought in :/. I'm already 15% down in one day. I'm wondering if I should sell and cut my losses or hang on. What are you guy's thoughts?

    submitted by /u/H20man1
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    Unity boasts massive earnings increase year over year.

    Posted: 11 Aug 2021 08:14 AM PDT

    Unity posted its Q2 2021 earnings results via its Investor Relations website on August 10, 2021.

    Unity saw a number of wins across its operations and reporting in the recent quarter.

    • The most notable among them was its total revenue, which came to $273.6 million USD in Q2, up 48 percent from its revenue in Q2 2020.

    • This was aided by the fact that Unity reported that 888 customers generated over $100,000 over the year leading up to June 30, 2021, up from a reported 716 customers by June 30, 2020.

    With the above numbers, Unity went on to increase its full-year guidance for the 2021 fiscal year. Where in Q1, Unity reported a forecast of $1 billion to $1.015 billion in expected revenue for the year, it has since raised that forecast to $1.045 billion to $1.06 billion.

    submitted by /u/IAMBEOWULFF
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    Which stocks to play the Battery shortage?

    Posted: 11 Aug 2021 02:38 AM PDT

    Hi all,

    it's known that the battery shortage is a challenge for Tesla and others to drive the electric revolution. What companies are best in your mind to play this?

    I hold Microvast for several reasons but I also look to add one or two stocks to diversify. FREY might be worth a look.

    This is for sure an investment over many years. Also If you know a young, innovative company I am interested too.

    Thanks.

    submitted by /u/Many-Coach6987
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    Company stocks deleted?

    Posted: 11 Aug 2021 09:54 AM PDT

    I was talking to a co-worker of mine today about investing in the company we work at. He told me he would never invest in them again because about 20 years ago he bought $55,000 worth of stocks and then then he said the company deleted the stocks and he lost it all. That doesn't sound quite right but I am pretty new to this. What do you guys think?

    submitted by /u/NorthernCanadianGuy
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    Looking to take on a clean energy position

    Posted: 11 Aug 2021 05:53 AM PDT

    I am looking to take on a new clean energy position in anticipation of the coming infrastructure and reconciliation bills. I already have a position in ICLN and would like a different ETF that captures a nice slice of the clean energy sector. Would welcome any recommendations and reasoning behind them

    Edit: ended up buying ACES, TAN and URA. Of $10k invested $6k went to ACES and 2 to each of the others. I like how ACES padded out my ICLN holding with some big names like Tesla and BEP which I wanted exposure to. I also like some added exposure to solar and nuclear. Thanks for all the ideas and comments!

    submitted by /u/Didntlikedefaultname
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    DoorDash survival

    Posted: 11 Aug 2021 02:11 PM PDT

    I wonder how DoorDash can survive in long term.

    I noticed the following: - Sell gift cards at 15% discount to get the revenue upfront (Costco) - Give amazing discounts to customers at the end of each quarter to boost the number of orders, revenue; so that they can satisfy Wall Street on their growth number.

    I'm using dash pass for a while, most of the restaurants usually increase their menu prices to offset the commission they have to pay for DoorDash. So lot of folks don't prefer ordering through DoorDash, instead they either call the restaurant directly or place order on their website.

    But there are still some good restaurants who sell at the same price, most of the discounts they gave me are like $5 off if you spend $12+ on next 20 orders with dash pass (time limit will be like 15-20days). I got this offer twice in last 5 months. I use the offer and then cancel it.

    TL;DR They are burning a lot of cash, not gaining customers.

    submitted by /u/GoSoftApple
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    Investors give a $100k prize to first team/individual that creates a decentralized inflation dashboard. Your thoughts on current CPI?

    Posted: 11 Aug 2021 02:04 PM PDT

    https://1729.com/inflation

    Investors are rewarding the creators of a decentralized inflation dashboard with $100k.

    Many prominent investors have shown their doubts regarding the government's CPI numbers.

    How are you feeling about CPI?

    Personally have just briefly looked into the EU CPI numbers (it was very hard to find them). I believed their weightings were flawed, might do more extensive research & share it here if there is interest.

    submitted by /u/socialpressure
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    $PAYS a good recovery play?

    Posted: 11 Aug 2021 10:10 AM PDT

    PaySign (PAYS:NASDAQ) has been hammered by the pandemic. The government stimulus packages disincentivized consumers from giving plasma, which has adversely impacted revenue, however, according to their earnings call yesterday, they started seeing improvements halfway through Q2. Could this be the beginning of their recovery?

    Two years ago their stock price soared to $17.50. It's currently sitting at a low $2.50. Analyst consensus is to hold. I'd like to avoid trying to catch a falling knife before adding more to my portfolio, but this price point is tempting. I think it could easily double by year end, if not head up to the neighborhood of $6-$7. Also, PaySign has been named the best company to work for in the state of Nevada. Thoughts?

    submitted by /u/benwabaws
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    Stem Inc ($STEM) - Q2 Earnings Report

    Posted: 11 Aug 2021 01:22 PM PDT

    SAN FRANCISCO--(BUSINESS WIRE)-- Stem, Inc. ("Stem" or the "Company") (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy storage services, announced today its financial results for the second quarter ended June 30, 2021.

    Second Quarter 2021 Financial and Operating Highlights

    Financial Highlights * Revenues of $19.3 million, up from $4.4 million (+339%) in the same quarter last year * Gross Margin (GAAP) of (1)% versus (40)% in the same quarter last year * Non-GAAP Gross Margin of 11%, up from 5% in the same quarter last year * Net Loss of $(100.2) million versus $(19.0) million in the same quarter last year * Adjusted EBITDA of $(8.6) million vs. $(7.5) million in the same quarter last year * Ended the second quarter with $474 million in cash and zero debt

    Operating Highlights * 12-month Pipeline of $1.7 billion, up from $1.4 billion (+21%) at end of the first quarter * Contracted Backlog of $250 million, up from $221 million (+13%) at end of the first quarter * Contracted Assets Under Management (AUM) of 1.2 gigawatt hours (GWh), up from 0.5 GWh in the same quarter last year

    Edit - Up 2.5% in AH

    Link to Earnings Report - Click Here

    submitted by /u/L3G4L_4SS4SSIN
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    Do stock splits occur at midnight in New York timezone?

    Posted: 11 Aug 2021 11:43 AM PDT

    I'm wondering how stock splits work with premarket/aftermarket hours. If there's a stock split with ex date listed as 2021-08-11, when exactly does it start trading at the new price? Is it right when the market opens, or perhaps right before premarket trading begins?

    Also, I'm not even sure if this is possible, but what if there is a trade timestamped sometime between the previous day's aftermarket hours and the ex date's premarket hours?

    submitted by /u/Azmisov
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    CHPT, EVGO and other changing station stocks.

    Posted: 11 Aug 2021 11:29 AM PDT

    I'm curious about your take on charging station companies like chargepoint, evgo and others.

    Pros: The new infrastructure bill should be a helpful boost with about 7 bil going to charging stations. Many auto manufacturers seem to be jumping on the ev bandwagon and more new ev models are starting to come out. The UN climate report was grim, but this could spur more of a push toward clean energy?

    Cons: The ev charging station allotment in the infrastructure bill fell short of expectations and does still have to pass the Senate. Tesla's announcement to facilitate charging for other evs, will this hurt charging competitors?

    submitted by /u/kailikitty
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    Is this subreddit helping you make more money?

    Posted: 10 Aug 2021 09:18 PM PDT

    Simple question, is this subreddit helping you make better decisions and in turn make more money? It helped me for sure because we got some great users here(like pyschotrader) who post useful info or give good advice. You don't need to pay a professional fund manager or watch CNBC everyday, you could just check this amazing subreddit everyday and stay informed and educated(just make your own decisions).

    With that said, did your portfolio grew more than normal ever since you started visited this subreddit? Mine did.

    submitted by /u/gorays21
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    The GE reverse stock split and what it means for the future of the company.

    Posted: 10 Aug 2021 09:06 PM PDT

    So first time posting in stocks so I'll try not to break any rules. Also sorry for the length, spelling, Grammer, and ramblings.

    With that being said as the title suggests I am very curious on what I should do here. I own stock in GE.

    GE was just the 5th company ever on the S&P 500 to do a reverse stock split. (1for8).

    That's usually bad when a company does that.

    I bought back a few years ago and since then I am now down 51% overall. So do I dump the stock and try to save my ass. Do I hold based on the fact I can just hold it for the next 30-40 years and ride it out (in my IRA). OR DO I DOUBLE DOWN since GE seems to really be turning itself around.

    I had a lot of confidence when I first bought GE that they were turning around, but maybe this is it? Buffet dumped GE in 2017 and said they needed to focus up. I do like that they said they are going to focus efforts on just 4 major sectors and all future oriented IMO.

    healthcare, aviation, power, and renewable energy.

    Aviation is where they are big but healthcare too.. but I feel like power and renewable can be big for them over the long run and if done right.

    Year over year they have been paying their debt off and focused on those 4 areas. They also just had a good second quarter in June and seem to really be improving.

    Edit to include articles.

    Company info - https://finance.yahoo.com/quote/GE/balance-sheet?p=GE

    Bullish - https://investorplace.com/2021/08/buy-ge-stock-as-the-companys-fortunes-finally-turn/

    Hold - https://finance.yahoo.com/news/reverse-stock-split-ge-trading-145334436.html

    Bearish- https://www.marketwatch.com/story/ges-stock-slips-after-deutsche-bank-analyst-effectively-cuts-price-target-2021-08-09

    TL;DR Should I sell GE due to their reverse stock split, double down due to their improvements, or just hold out.

    submitted by /u/DashCloude
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    Biden's Infrastructure Plan Plays

    Posted: 11 Aug 2021 07:03 AM PDT

    What are your plans for the new infrastructure plan? I am thinking about getting into Nucor, as Jim Cramer touts about it on the daily. Any other steel or industrial companies that you foresee seeing a good return in the years to come? Let me know your picks.

    submitted by /u/ibbz213
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    Here is a Market Recap for today Wednesday, August 11, 2021

    Posted: 11 Aug 2021 02:32 PM PDT

    PsychoMarket Recap - Wednesday, August 11, 2021

    Sorry the recap is later than usual, spent most of the morning in the DMV. It was not fun :(

    Despite some choppiness in the early morning, the S&P 500 (SPY) and Dow Jones (DIA) continued their run of strength, once again powering to record highs driven by strength in industrial and financial stocks. Relative to these two indexes, the tech-heavy Nasdaq (QQQ) has recently been underperforming, a sign that we may be at the beginning of a rotation away from tech-stocks, which had recently been driving the market higher. Market participants are encouraged by the Senate passing a new $1 trillion infrastructure bill and a new in-line inflationary report.

    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. President Biden said, "This historic investment in infrastructure is what I believe you, the American people, want, what you've been asking for for a long, long time." Mitch McConnell, who earlier in the year publicly declared "100% of my focus is on stopping this new administration" said of the deal, "I was proud to support today's historic bipartisan infrastructure and prove that both sides of the political aisle can still come together around common-sense solutions." The bill appropriates money to rebuild the nation's roads and bridges, bolster public transportation, fund climate initiatives, and bolster the nation's broadband and 5G infrastrucutre. Here is a full list of what is included: https://www.whitehouse.gov/briefing-room/statements-releases/2021/06/24/fact-sheet-president-biden-announces-support-for-the-bipartisan-infrastructure-framework/

    The Labor Department reported Wednesday that its consumer price index (CPI) rose 5.4% in July from a year earlier, in line with June's figure and matching the largest jump since August 2008. The government said CPI increased 0.5% on a month-over-month basis, matching a consensus forecast from economists surveyed by Dow Jones.

    Core CPI which excludes energy and food, rose by 0.3% last month, shy of a forecasted 0.4% increase and well below June's rise of 0.9%. The core figure is up 4.3% over the last year, a slight deceleration from June's 4.5%. Economists often consider core CPI to be a more reliable indicator since it's insulated from the frequent swings in petroleum and food prices.

    Highlights

    • Elon Musk's jet landed in Germany, according to public flight data, as Tesla faces delays in trying to bring the "gigafactory" in Berlin up to speed.
    • A bipartisan trio of senators introduced a bill that would rein in app stores of companies they said exert too much market control, including Apple Inc and Alphabet Inc's Google.
    • Senators Richard Blumenthal and Amy Klobuchar, both Democrats, teamed up with Republican Senator Marsha Blackburn to sponsor the bill, which would bar big app stores from requiring app providers to use their payment system. This is probably not going anywhere.
    • After a massive run of outperformance, chipmakers have lost some steam following a report that order-filling time has skyrocketed to 20-weeks, the most in the four years, according to Susquehanna Financial Group. We've all seen the headlines about the chip shortage, this should come as no surprise. I see no reason why the issues would not be resolved moving forward.
    • Ford Motors (F) announced it was extending its partnership with battery maker SK Innovation for production of EV batteries beyond North America and into Europe. Currently, both companies are jointly developing a factory to produce 60 gigawatt-hours annually in battery cells starting mid-decade.
    • Volkswagen (VWAGY) joined Tesla (TSLA) in calling for lower import taxes on EVs in India.
    • **Please note that current stock price was written during the session and may not reflect closing price*\*
    • Bentley Systems (BSY) target raised by KeyCorp from $65 to $72 at Overweight. Stock currently around $62.50
    • Charter Communications (CHTR) target raised by Argus from $775 to $900 at Buy. Stock currently around $776
    • Eaton (ETN) target raised by UBS Group from $165 to $186 at Buy. Stock currently around $167
    • Maravai LifeSciences (MRVI) with two target raises. Stock currently around $50.
      • Robert W Baird from $51 to $59 at Outperform.
      • KeyCorp from $46 to $58 at Overweight
    • Nutrien (NTR) target raised by Royal Bank of Canada from $69 to $73 at Outperform. Stock currently around $64
    • Raytheon Technologies (RTX) target raised by Morgan Stanley from $97 to $110 at Overweight. Stock currently around $88
    • Signature Bank (SBNY) target raised by Raymond James from $315 to $337 at Strong-Buy. Stock currently around $263
    • Target's (TGT) target raised ;) by Deutshce Bank from $258 to $305 at Buy. Stock currently around $263
    • Unity Software (U) with two target raises. Stock currently around $121
      • Stifel Nicolaus from $125 to $135 at Buy
      • Piper Sandler from $150 to $152 at Overweight

    "Failure is only the opportunity more intelligently to begin again." - Henry Ford

    submitted by /u/psychotrader00
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    What was the highest one-day percentage increase on acquisition news?

    Posted: 11 Aug 2021 04:16 AM PDT

    Greetings,

    As many of you are aware, Draft Kings (DKNG) acquired Golden Nuggets Gaming (GNOG) few days ago, GNOG stock increased by roughly 50% from $12 to $18. We also saw that Stamps (STMP) was acquired a month ago and its stock also jumped by %50 (from $200 to $300). Also when MSFT announced that they are acquiring LinkedIN few years back, LNKD stock price jumped by 50%!

    So that got me thinking, is 50% the de facto average for acquisition? What was the highest % we saw in these cases?

    The reason I'm asking is that I'm long on Rite Aid, my rationale was the company is undergoing a great turnaround and it'll gain sizable market share despite its current challenges considering that it has high revenues ($25B annually- which is higher than McDonald's for reference) and they only have about $1B market cap. I've been reading recently that Rite Aid is a candidate for acquisition so I wanted to know hypothetically speaking how much would I expect.

    Thanks!

    submitted by /u/sparty1983
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    What made you sell a stock you planned on holding for life??

    Posted: 11 Aug 2021 03:16 AM PDT

    I'm new to this sub and investing in general. The consensus I see here is to buy for life and keep adding to your position.

    I thought it interesting to hear of your examples where you planned to hold for life and were years into a position only to sell. What caused you to sell?

    submitted by /u/gilttam
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    Stocks to short, or buy, in predation of interest rate hikes

    Posted: 11 Aug 2021 08:43 AM PDT

    As I'm sure we are all aware, inflation is still on the rise. Data released today showed inflation still rising, even though we are getting further and further aware from the low base rate effect that the pandemic had on price levels before the lockdowns rescinded in May 2020. With published unemployment data being better than expected recently, there could be a strong possibility that interest rates see an increase sooner than expected (as long as delta virus doesn't get out of hand). What would be your best overvalued stocks you would expect to drop in response to a increase in interest rates, or which stocks do you predict to succeed?

    submitted by /u/Joxias
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