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    Stock Market - Steve ballmer ex CEO of microsoft laughs at iphone 🤣

    September 09, 2021

    Stock Market - Steve ballmer ex CEO of microsoft laughs at iphone ��

    Steve ballmer ex CEO of microsoft laughs at iphone ��

    Posted: 09 Sep 2021 05:11 AM PDT

    Good reminder

    Posted: 09 Sep 2021 01:20 AM PDT

    $ATER SHORTS HAVING "MOTHER BAR" PROBLEMS (CHART ANALYSIS)

    Posted: 09 Sep 2021 02:57 PM PDT

    $ATER SHORTS HAVING "MOTHER BAR" PROBLEMS (CHART ANALYSIS)

    MOTHER BARS are candles with a wide range and above average volume. Above average volume is need to "strengthen" the move. The wider the range, the more difficult to break the highs and lows of the mother bar.

    Shorts must break the lows to signal those waiting on the sidelines that price will drop and the momentum from "new shorts" will decrease the price.

    Conversely, a break above the highs of these bars is a signal for buyers waiting to enter and go long.

    The closer the "targets", whether long or short, the easier the momentum for price to go in a direction.

    https://preview.redd.it/nyfigowfujm71.png?width=1680&format=png&auto=webp&s=6d86b47898978ec8f2cfba59b66b410cd2703a9b

    https://preview.redd.it/pv3kwl3kujm71.png?width=1680&format=png&auto=webp&s=c7659c4d773f209355ed2394b58a85dd7913dd4e

    How do you know which direction the stock is moving? Pan out and look at the MONTHLY. See ATER September volume ALREADY PASSING AUGUST WITHIN THE FIRST WEEK, AND A SHORT TRADING WEEK FOR THAT MATTER?

    This is what's called CONTINUITY. Checking continuity before deciding to enter ensures that your stake is placed in the right direction.

    !!! ALSO, NOTICE THAT SEPTEMBER CANDLE IS A BULLISH ENGULFMENT OF AUGUST !!!

    https://preview.redd.it/cbl2xwtmujm71.png?width=1680&format=png&auto=webp&s=3389b3cb87d3984fb3fb50b0b06b1797003c71ef

    What is more, whether WSB is supporting ATER or not DOES NOT MATTER !!! There is already ABNORMAL VOLUME FLOWING IN. Look how low the 50 day average line for volume lies. Where is this coming from? Who knows....but it sure moves the stock !!

    https://preview.redd.it/hevfrcqoujm71.png?width=1680&format=png&auto=webp&s=873f32b42765135f990ae6120636ac50ef74e1e9

    So, do we understand know why SHORTS ARE HAVING SUCH A PROBLEM?

    1. Shorts don't realize that the trend is UP as indicated by the monthly chart
    2. Mother bars have such a wide range, they are difficult targets to short to SIGNAL other shorts to join
    3. The VOLUME for these mother bars are ABNORMALLY ABOVE AVERAGE

    HOW LONG WILL THIS GO ON? I THINK FOR A LOOONNNNGG TIME. WHY?

    SIMPLE......THIS IS ONLY THE BEGINNING. THE MORE EYES, THE MORE SHORTS ARE SQUEEZED !!!

    submitted by /u/bctrader06
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    El Salvador’s new bitcoin wallets could cost Western Union $400 million a year

    Posted: 09 Sep 2021 07:39 AM PDT

    My bro just texted me he cashed out all his stocks. Is now holding gold, Bitcoin, and USD. Says now is basically an all time high, stimulus is done, winter is coming, covid-19 is still here, and science says a variant will beat the vaccines eventually. I couldn't really argue with his logic.

    Posted: 09 Sep 2021 12:43 PM PDT

    Wonder what you guys think? He is an engineer in his late 20s, with around a 400k portfolio, making over 100k a year salary in nuclear storage field.

    I told him congrats, now my stocks will go higher. 🤣

    He said that's fine, he has some incredible gains and wants to make sure it stays that way! He will take another look at the markets in late winter/early spring. I congratulated him again and that was the end of our texts.

    I'm in dividend earning utilities, that honestly have not done that great. I also don't have near the kind of gains or money to risk losing. I know I'm not going to get rich off these stocks. Hell I'm not even beating inflation right now. Where I'm at in Michigan the Taco bell value menu is now $1.39...😱

    I also know there's a significant chance there will be huge declines in the markets in the coming months. I personally could see a 20% down day and that would just obviously shock everybody to have them close the markets early, but to me it would make perfect sense with this economy and environment that we've been living in the last two years. The fantasy the Fed has built for America can't last forever. But it can go on a while longer.

    submitted by /u/If_I_Was_Vespasian
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    ATER - Pumped for tomorrow!!!

    Posted: 09 Sep 2021 07:41 PM PDT

    10 safest companies to invest in if I'm not allowed to touch my account for two years?

    Posted: 09 Sep 2021 03:07 PM PDT

    Hey folks, I'm fairly new to investing and I have a unique situation for you.

    I'm leaving for a mission trip in a couple weeks and I'm going to invest a good portion of my savings in order to generate a little income while I'm gone. Just take my word for it, I won't have access to my investing apps while I'm away. I'm thinking about throwing in $300 between 10 different companies for a total of $3,000.

    Which do you think would be best for longevity? Is the market projected to suffer in the next couple years? Hoping to create a discussion about the general state of the market.

    Thanks:)

    submitted by /u/LiteUpSketchers
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    Heatmap for 09SEP2021

    Posted: 09 Sep 2021 01:08 PM PDT

    I traditionally suck at selecting stocks, but sinking $10k into TVTX at $14 was my best decision yet, up 67% this month ����

    Posted: 09 Sep 2021 08:16 AM PDT

    Psycho Market Recap - Thur Sept 9

    Posted: 09 Sep 2021 01:14 PM PDT

    Summary

    Stocks opened higher in the morning before turning lower as market participants continue to balance a hot jobs market against a dent in economic momentum caused by surging coronavirus Delta variant cases in the US. The three major indexes are having one of the worst-performing streaks this year, while the Russell 2000 (IWM), which tracks the performance of small-caps, fared slightly better.

    According to a report released yesterday by the Bureau of Labor Statistics, the number of job openings in August was 10.9 million, higher than estimates of 9.9 million and the 10.18 million last month. The rate of job openings measured against the total labor force swelled to 6.9% in July, up from 6.5% the previous month and 4.6% a year ago. From an industry standpoint, the rate jumped to 10.7% from 10.2% in the critical leisure and hospitality field, which has suffered the most during the Covid-19 pandemic. Openings rose to 1.82 million, a total gain of 134,000 last month. There are enough job openings to cover the roughly 8.4 million unemployed Americans.

    Coinciding with an increase in job openings, in its latest Beige Book, which is basically a report by the Federal Reserve on current economic conditions, members said the economy downshifted slightly due to Delta variant concerns. The report stated, "The deceleration in economic activity was largely attributable to a pullback in dining out, travel, and tourism in most Districts, reflecting safety concerns due to the rise of the Delta variant, and, in many cases, international travel restrictions."

    Members of the Fed have consistently signaled they will be looking especially closely at labor market data to determine when to start tapering the pandemic-era quantitative easing program. Federal Reserve Governor Christopher Waller said the August Jobs Report could be his signal to hit the "substantial further progress mark" the Fed stipulated in December and begin tapering. He said, "I think that one more good job report if it's in the 850,000 to 1 million range will be sufficient to claim substantial further progress in employment for tapering." August was not the report they were looking for.

    Unfortunately, a summer that began with plunging coronavirus cases nationwide and real hope that the worst of the pandemic was behind us as the effective vaccination drive began is instead drawing to a close with the US firmly in throes of the pandemic once again, due to the highly contagious Delta variant.

    This weekend, hospitalizations were roughly 300% higher than Labor Day weekend in 2020, according to data from Johns Hopkins University. The surge in patients comes as the highly contagious Delta variant continues to spread across the US, and coincided with a weekend that saw a spike in travel. According to the Transportation Security Administration, more than 3.5 million people traveled across the country on Friday and Saturday for the Labor Day holiday, despite the Centers for Disease Control and Prevention's recommendation for unvaccinated people to refrain from traveling.

    Highlights

    • The crackdown in China continues… This time, regulators of video game companies execs to focus less on profits and implement controls to prevent video game addiction. Companies were "urged to break from the solitary focus of pursuing profit or attracting players and fans.
    • Russian Cybersecurity firm Yandex (YNDX) said it successfully repelled the biggest distributed denial-of-service (DDoS) attack in history. This comes just after American company Cloudflare (NET) repelled the previously largest DDoS attack on Aug 19. The Yandex attack was 22 million requests per second, while Cloudflare's was 17.2 million requests per second. Cybersecurity is becoming ever more important as attacks become more complex and powerful.
    • Weekly first-time unemployment claims came in at 310,000, a pandemic-era low, well below estimates of 335,000
    • JP Morgan (JPM) announced it was acquiring Infatuation, a company that owns different websites and apps that guide diners to restaurants in cities around the world from Alphabet (GOOG, GOOGL). Could be to make a new dining credit card reward program or something
    • Ray-Ban and Facebook (FB) have teamed up to release new smart glasses that have a camera, mic and speakers, and a voice assistant to let you do things hands-free, similar to Snapchat's (SNAP) glasses. Honestly, I don't know what these would be useful for right now
    • With the NFL kicking off today, sports betting analysis firm PlayUSA says it expects over $20 billion to be wagered, nearly tripling the $7.5 billion wagered in 2020. I'm a huge sports fan and sports betting stock bull. My fav currently is PENN
    • **Please note that current stock price was written during the session and may not reflect closing prices*\*
    • Costco (COST) target raised by Morgan Stanley from $425 to $500 at Overweight. Stock currently around $466
    • Cisco Systems (CSCO) target raised by Wells Fargo from $65 to $70 at Overweight. Stock currently around $58
    • Global Payments (GPN) target raised by BMO Capital Markets from $206 to $217 at Outperform
    • Lululemon (LULU) with a host of target raises after smashing earnings and raising guidance. Average price target of $475 at Buy. Stock currently around $420
    • NetApp (NTAP) target raised by Morgan Stanley from $96 to $102 at Overweight. Stock currently around $92
    • Restoration Hardware (RH) with a host of target raises after smashing earnings and raising guidance. Average price target $775 t Buy. Stock currently around $725
    • Sherwin Williams (SHW) target raised by JP Morgan from $310 to $330 at Overweight. Stock currently around $299

    "The way to get started is quit talking and start doing." - Walt Disney

    submitted by /u/psychotrader00
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    Any thoughts about DraftKings? $DKNG

    Posted: 09 Sep 2021 09:41 AM PDT

    Any thoughts about DraftKings? $DKNG

    I've been researching DraftKings and the sports-betting industry for a while now.
    gotta say I really liked what I found, and I think it could be a great long-term investment opportunity... but still wanted to hear people's thoughts about $DKNG.

    THE ONLINE BETTING INDUSTRY

    The market is worth $67 billion today and is estimated to reach about $93 billion by 2023—growing at roughly 11.5% per annum.

    There are few reasons for the aggressive growth, First, more of our activities are taking place online, a trend that extends to betting as well.

    The second is regulation. The U.S. Supreme Court uplifted the Professional and Amateur Sports Protection Act in May of 2018 to legalize sports betting on a federal level. Since then, 25 states have legalized sports betting.

    SPORTS BETTING

    The most popular activity by far is sports betting, which makes up over 40% of the total online betting market.

    source: VisualCapitalist

    DraftKings

    DraftKings is a sports betting, daily fantasy sports contest, and an iGaming operator.

    In total, DraftKings now operates sportsbooks in 14 states and averages 1.5 million monthly unique paying customers across its online sportsbooks, iGaming, and daily fantasy offerings.

    Financials

    DraftKings's revenue keeps surging YOY, in Q2-2021 revenue reached $297,605M which is a 22% higher sales compared to the analyst expectations. last year the company delivered $74,998M in revenue.

    The company also said that it had grown the number of monthly unique payers by 281% and the average revenue per monthly unique payer by 26%. In other words, fundamental growth was very strong.

    Even though I really think that the potential for growth here is clear, the company still losing a lot of money, Cost of revenue spiked this quarter to $187,006M from $53,172M, and new loss reached $305,526M - even more than DraftKings's revenue.

    DraftKings's revenue over the last 3 years- JIKA.IO

    source: JIKA.IO

    Comparison of DraftKings's revenue, Cost of revenue, and net profit - JIKA.IO

    source: JIKA.IO

    Another positive point in DraftKings's favor is the amount of cash the company has gathered since 2018. The company currently has $2.65 billion in cash, which compared to last year's results - $1.24 billion, is a 113% change.

    DraftKings's cash on hand over the last 3 years- JIKA.IO

    source: JIKA.IO

    Analysts

    Based on 13 analysts, 9 buy ratings, 4 hold ratings.

    source: tipranks

    Michael Jordan

    In September 2020, DraftKings announced that Michael Jordan Joins DraftKings as Special Advisor to the Board.

    Michael Jordan and flying-around dollar bills

    MUST KNOW - LATEST NEWS

    • DraftKings Is Acquiring Golden Nugget for $1.56 Billion, the Addition of Golden Nugget user base will enhance DraftKings' reach across diverse customer demographics.
    • DraftKings launches mobile sportsbook in Wyoming ahead of NFL kickoff.

    ​

    I wonder what you guys think about DraftKings? will the company keep the momentum and can be a wise long-term play?

    Sources:

    Jika.io - compare companies financials

    VisualCapitalist- betting industry info

    tipranks- analysts reviews

    DraftKings website - financial reports and news

    submitted by /u/BoomShakaLaka9
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    The Index Fund 'Bubble' - Should you be worried?

    Posted: 09 Sep 2021 05:53 AM PDT

    The Index Fund 'Bubble' - Should you be worried?

    A recurring theme over the past year has been one 'expert' after another bashing index funds calling them a massive bubble that is waiting to pop.

    Could Index Funds Be 'Worse Than Marxism'? – The Atlantic

    ​

    This [index funds] is very much like the bubble in synthetic asset-backed CDOs before the Great Financial Crisis. It will be the Greatest Speculative Bubble of All Time in All Things – Michael Burry

    ​

    Is Passive Investment Actively Hurting the Economy? - The New Yorker

    But at the same time, we have investors like Warren Buffet who still swear by a low-cost index fund and recommends it over his own Berkshire Hathaway stock! So, in this week's issue, we analyze both sides of the argument and see if we [1] should be worried about the index fund bubble!

    The Problem

    The argument against the index fund is a logical one. The basic premise is that index funds affect the price discovery of stocks in the market. If a stock is bid up just based on the presence in an index and not by analyzing the underlying asset, then it can lead to a bubble-like scenario where you are buying more and more just because the asset prices are going up.

    If you look at the above chart, you could see that in the first 4 months of 2021, a fund inflow of more than $20 Billion occurred just to the Vanguard 500 index fund. There are arguments stating that in the US, index funds make up more than 50% of the fund market. (This exponential growth is not a surprising one given my last analysis showed that passive funds have summarily beaten active funds over the last 2 decades)

    If you think about this, more than half of the money that is flowing into the market is now just buying stocks that are on an index without doing any underlying stock analysis. The problem becomes that companies get more and more investment just because they are big and not because of their future growth prospects. So the question becomes

    Is the index fund affecting the integrity of the stock market?

    The problem with the fund inflow statistics is that stock price is not decided solely based on fund inflow but majorly by trading.

    If you look at this study done by Vanguard [2,3], it destroys the price discovery argument. It shows that only 5% of the overall trading volume is captured by index funds. The rest of 95% of trading is made by active traders, pension funds, and institutional investors who do individual stock analyses.

    Adding to this, even if the index funds become large enough to create significant price distortions, it's something that the active fund managers can benefit from as it would give them more opportunities to short overvalued companies and create outsized returns. The fact that it's not happening right now shows that we are not anywhere near a situation where the index fund is big enough to fundamentally alter the market[4].

    Now that we know that index funds are not causing any price distortions, one has to wonder

    why there is a sudden rise in concerns regarding an index fund bubble over the past 2-3 years?

    I believe that this issue is being brought up by institutions and active fund managers as there is a drastic shift from active to passive management over the last few years.

    The above chart from Morningstar showcases that active funds on average lost more than $150B every year over the 2014-18 period and this trend is only becoming worse for the active funds. This trend is also replicated worldwide with more than $300B is pulled out of active funds and $500B is pushed into index funds every year (as of 2016).

    Finally, as of 2019, for the first time, more money is being pushed into passive than active funds! All of this must be ringing alarm bells across active funds as their income is directly dependent on the total asset under management.

    Alternatives to index funds

    While researching this topic, I came across some genuine concerns about index funds. The most important of them being that you might not be as diversified as you expect investing in an index fund.

    As of Aug 2021, the top 5 tech stocks (AAPL, MSFT, GOOGL, AMZN & FB) account for more than 23% of the S&P500! While this worked out great for the overall index over that last decade given the tech rally, any long-term downturn for tech stocks will significantly affect your portfolio.

    There are two alternatives that I found to the regular market cap based index fund allocation

    Equal-weighted index funds: Equal-weighted index fund allocates your capital equally across the stocks in the given index. For Eg. in S&P500 index, all the 500 companies would get an equal proportion of your index. This will avoid your portfolio becoming concentrated on a few highly overvalued stocks!

    Reverse weighted index funds: This one is for the more adventurous, where the investments are made by turning S&P500 upside down on its head! The smallest companies on the list get the largest share of investment! Even though this reduces your exposure to large tech stocks and blue-chip companies (which get a lot of attention and is possibly overvalued), your investments will be concentrated on smaller companies that are inherently volatile and can produce outsized returns! Even though this strategy has beaten the traditional index returns, you still have to consider that this type of fund was introduced just two years ago.

    Conclusion

    I believe that the index fund bubble narrative is over-blown and is being predominantly driven active fund managers who are trying to stop losing their business to the passive funds every year. All the data from our research shows that we are nowhere near a situation where index funds can alter the price discovery in any significant way!

    While the index fund bubble might be getting undeserved attention, it's always a good thing to check if you are comfortable with the current skewness of your portfolio towards tech stocks. After all, the tech rally over the last decade has undoubtedly benefitted all our portfolios, but we should also be ready for when the party inevitably comes to a close!

    Until next week :)

    Footnotes

    [1] This is the first time in an analysis where I cannot claim to be unbiased as a substantial portion of my portfolio (>90%) is tied up in an index fund. So take all the arguments with a grain of salt!

    [2] Setting the record straight: Truths about indexing is an excellent study done by Vanguard in 2018 where they review the rationale for indexing's efficacy, quantify the benefits of indexing to investors, clarify the definition of indexing, and explore the validity of claims that indexing has an adverse impact on the capital markets.

    [3] This study also showcases that ETF trading (creation/redemption mechanism of exchange-traded funds (ETFs)) has minimal impact on the underlying securities as only 6% of the trading is involved in primary market trading with the rest being in the secondary market.

    [4] This is also known as the Grossman-Stigliztz paradox:- There would be a point where indexing would become big enough to affect price discovery, then active managers would be able to profit off that, and more and more people would move to the active funds. Finally, in an efficient market, an equilibrium point would be reached where neither party (index funds or active fund managers) would be able to beat each other.

    If you found this insightful, please share it with your friends :)

    submitted by /u/nobjos
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    American Airlines rose 5% today. Interesting.

    Posted: 09 Sep 2021 07:39 AM PDT

    $CEI Camber Energy up 30% and additional 5 in after market, an this is why.

    Posted: 09 Sep 2021 07:30 PM PDT

    $ATER TARGETS 79% + 128%

    Posted: 09 Sep 2021 04:06 AM PDT

    $ATER TARGETS 79% + 128%

    What for these levels for short and long signals. Surpassing each level will signal those on the sidelines to enter to ether increase or drop the price.

    Bulls have the advantage as the current price is not too far from levels that will signal a long.

    Shorts, on the other hand, must drop the price to 7.12 which is too far in distance to mount an attack.

    There will be watchers on both sides to either long or short the stock. Watch for an influx of volume after surpassing these levels. Volume is needed to have an effect on the price.

    https://preview.redd.it/slnh1f3qmgm71.png?width=1680&format=png&auto=webp&s=bb91851c607b96b2b62961a7f98d69d3b599fcc7

    submitted by /u/bctrader06
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    Does backwardation mean that it’s a good deal? Es contracts

    Posted: 09 Sep 2021 01:59 PM PDT

    CLOV Stock – Clover Health Investment hold it’s retail momentum ? Potential another short squeeze or Long term investment?

    Posted: 09 Sep 2021 04:28 AM PDT

    What's next for Dell Technology Stock?

    Posted: 09 Sep 2021 01:09 PM PDT

    19 year old college student focused on growth how’s my portfolio looking?

    Posted: 09 Sep 2021 10:56 AM PDT

    Is this right?

    Posted: 09 Sep 2021 02:55 PM PDT

    Speqta is set for high growth with AI and acquisition

    Posted: 09 Sep 2021 02:55 PM PDT

    Speqta, drives traffic and generate sales online. Speqta Offer performance based lead through through digital marketing and AI.

    Business model Speqta own and develop products and services that increase traffic and sales online. The company's goal is to become a market leader in lead generation and performance-based marketing within the verticals and in the markets in which the company operates. Speqta operates in wide range of areas like fashion, financial services and food.

    The company's goal is to become the market leader in generating leads and performance-based marketing.

    Financial targets

    • Growth and earnings: Speqta has a target to reach revenues in excess of SEK 600 million in 2022 with a minimum of 20 % EBITDA margin, driven by organic growth (above 20 % CAGR) and acquisitions.

    • Leverage: Speqta´s goal is to operate with Net Debt / EBITDA in the range 1.5-2.5 x.

    New technology Speqta launches Bidbrain as a SaaS

    Speqta is launching the first version of its groundbreaking AI platform. By using Bidbrain, e-retailers can grow by buying more of the traffic that actually leads to purchases.

    https://basinreboot.com/the-secret-to-improving-google-shopping-results-fredrik-lindros-presents-bidbrain-at-the-redeye-saas-seminar/ https://speqta.com/

    Ticker SPEQT or SPEQT.ST

    Market cap 250 MSEK Assets 500MSEK Liabilities 200MSEK AI marketing growth >50%/ year CAGR 2017-2020 69% Margin 50-55% PE ratio 13.5 P/s ratio 1.45 P/BOOK ratio 0.9

    Valuation of companies in similar area Schibsted, p/E 90 Better collective p/E 40 Scout24 p/E 67 Industry p/E 45

    submitted by /u/ActivityAgitated
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    #premarket #watchlist 09/09 $PMCB - no news, $CRDF - Cardiff Oncology Announces New Data from Phase 1b/2 Trial in KRAS-mutated Metastatic Colorectal Cancer Showing Robust Objective Response Rate and Progression Free Survival, $LULU - Lululemon Athletica Inc. (LULU) CEO Calvin McDonald on Q2 2021

    Posted: 09 Sep 2021 03:31 AM PDT

    FLGT tailwinds?

    Posted: 09 Sep 2021 09:41 AM PDT

    Fulgent was starting to rally with rising COVID cases in US, when they issued disappointing guidance for Q3 on the prediction that testing would decline.

    Since then, many states have surpassed peak COVID numbers in earlier waves, thousands of children are in quarantine after school began (requiring contact tracing and testing of exposed students and families), and more and more travel companies and employers are requiring testing.

    This afternoon, Biden will discuss his administration's 6 point plan for controlling the current surge, which includes safely keeping schools open (requiring more testing) and making free testing more widely available.

    Given these trends, guidance for Q3 on the basis of decreasing testing will likely significantly underestimate earnings.

    Current EV/EBITDA is only 3.5, suggesting a lot of upside if testing predictions were too conservative.

    I expect the company will continue being cautious on guidance, since it will be hard to predict testing rates farther than a couple of months out. Do you think a big earnings beat in Nov would drive the price up, or do you think continuation of cautious guidance will temper enthusiasm?

    google trends, "COVID test near me"

    Biden 6 point COVID plan

    submitted by /u/RunsWthScizors
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    Aquestive Therapeutics Inc (AQST) Stock Forecast

    Posted: 09 Sep 2021 12:57 PM PDT
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