Stocks - r/Stocks Daily Discussion Wednesday - Sep 15, 2021 |
- r/Stocks Daily Discussion Wednesday - Sep 15, 2021
- Evergrande Effect on Chinese Banking System - Bank of China Example
- Microsoft announces share buyback and increase of dividends.
- Investing in mining stocks versus investing in the company
- I have $800 that I can afford to play around with. What should I put it in?
- Here is a Market Recap for today Wednesday, Sept 15, 2021
- Lockheed Martin secures $2 billion in Pentagon contracts for F-35 fighter jet program
- Equity index giant MSCI to give 10,000 firms global warming ratings
- Monthly investing up to 3000$
- Dutch $BROS going public tomorrow.
- Any reason when and what time people like me can buy $BROS on the market?
- Price action for ZM in the upcoming week or by end of September.
- Understanding the KERN Dip
- Applying for Margin Account
- How to apply my tax situation to the market
- Las Vegas Sands, Wynn Resorts Dive As China Mulls Tighter Rules For Macau Casinos
- What brokerage do you use, and why?
- Cash is king or cash is trash?
- Evergrande’s foreign investors / lenders?
- Sugar futures help explaining.
- Is PLUG dead? Is this company worth sticking around for?
- Pearson (PSO) suing Chegg (CHGG) alleging massive copyright infringement
- r/Stocks Daily Thread on Meme Stocks Wednesday - Sep 15, 2021
| r/Stocks Daily Discussion Wednesday - Sep 15, 2021 Posted: 15 Sep 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. [link] [comments]  |
| Evergrande Effect on Chinese Banking System - Bank of China Example Posted: 15 Sep 2021 06:13 AM PDT I'm thinking of selling a stake in Bank of China, but I'm hesitating for the following reasons: Loan distribution: https://pic.bankofchina.com/bocappd/report/202108/P020210830597314582558.pdf corporate loans real estate 7.89% exposure construction 2.05% personal mortgages 29.94% As Bank of China has a downpayment for mortgages of 40% ATM (AFAIK), the risk of increasing non-performing loans in personal mortgages seems low to me. Direct exposure in corporate real estate loans is approx. 10% on paper, however, in reality, it could be... 30%. Non-performing loans are only 1.8%, it's very low for European standards. What happens if non-performing loans get to 4.5%? Any other opinion based on facts? [link] [comments]  |
| Microsoft announces share buyback and increase of dividends. Posted: 14 Sep 2021 05:21 PM PDT (Reuters) -Microsoft Corp said on Tuesday its board had authorized a new share buyback program of up to $60 billion, while also raising the quarterly dividend by 11%. The new dividend of $0.62 per share is an increase of 6 cents over the previous quarter's dividend. Microsoft said the share buyback program, which has no expiration date, may be terminated at any time. The company's board also approved the appointment of Brad Smith as president and vice chair of Microsoft. While Smith already serves as the president of company, Microsoft said that vice chair was an updated executive role for him. [link] [comments]  |
| Investing in mining stocks versus investing in the company Posted: 15 Sep 2021 05:33 AM PDT I just started investing last year on some mining stocks, and I once came across a comment talking about how better it is to invest in the company over investing in mining stocks. Someone told me that it is better to invest in the mining companies themselves over the stocks especially if I don't really have much knowledge on metals. When I first invested, I decided to diversify and try to get the senior ones like FCX which is obviously a great value stock, with it being one of the bigger players in mining. Their stocks have risen 1.16% in premarket trading. I also have some Anglo American, which is estimated to hold 898 million tonnes (Mt) of proven ore reserves, grading 0.58% of copper and containing 5,209 kilo tonne (Kt) of copper, as of December 2017. Their probable ore reserves were estimated to be 435Mt grading 0.54% of copper and containing 2.35Mt of copper. There are also some juniors that I decided on, but I only got two since my goal is to diversify. One stock I got is from Lundin Gold. They are concentrated on the Fruta Del Norte gold mine in the country. There was a slight slowdown in production in 2020, but they recently announced the production of 108,799 ounces of gold produced in the second quarter of this year. I also decided to invest in Solaris Resources (SLSSF), which boasts their Warintza project and just released reports from their maiden drilling at El Trinche. It seems like the Ecuadorian president considers them as a favorite since he touted the company's Warintza Project during an interview on national television before the election. I need your thoughts. I know I have invested in some mining stocks but I want to know which one is really better to invest in. [link] [comments]  |
| I have $800 that I can afford to play around with. What should I put it in? Posted: 14 Sep 2021 06:16 PM PDT This is by no means a lot of money compared to a lot of fuck-off money that people have but I am young and I have saved up enough and am in a good financial position to where I have some money that I can put into the stock market. What should I put it into? UPDATE: I literally didn't expect anything to come of this post and I honestly thought it would get taken but you guys are insane thank you so much for all the advice!!!! I've taken the suggestions you have all made and I have put the $800 into things that I have researched in. Since a lot of people were saying IRNT I put a little into that, FCEL, Dutch Bros (BROS), and Palantir! [link] [comments]  |
| Here is a Market Recap for today Wednesday, Sept 15, 2021 Posted: 15 Sep 2021 01:17 PM PDT PsychoMarket Recap - Wednesday, September 15, 2021 Stocks steadily rose today, shaking off earlier losses and recent, driven mainly by the energy and industrial sectors, as market participants digested new economic numbers and the coronavirus situation in the US. The S&P 500 (SPY) closed 0.83% higher, the tech-heavy Nasdaq (QQQ) closed 0.73% higher, the Dow Jones (DIA) rose 0.7%, and the Russell 2000 (IWM), which tracks the performance of small-caps, rose 1.09%. Not surprised by this at all, I have been saying for months I remain bullish and have been buying on every dip until the Fed begins discussing interest rate hikes. The Labor Department reported that its Consumer price index (CPI), which tracks the price of a weighted average market basket of consumer goods and services purchased, rose at its slowest pace in six months in August, suggesting that while the inflation rate may remain high for a while due to supply-side constraints, it's likely the rate of increase has already peaked. Core CPI, which excludes volatile food and energy prices, increased 0.1% last month, the smallest gain since February and below the 0.3% rise in July. On a year-on-year basis, CPI has decreased to 4% from 4.3% in July, an encouraging sign. Economists polled by Reuters had forecast the core CPI gaining 0.3% and the overall CPI rising 0.4%. It may not seem like it but this is a large month-to-month change. The Fed's preferred inflation measure for its flexible 2% inflation target, the core personal consumption expenditures price index, increased 3.6% in the 12 months through July after a similar gain in June. August's data will be published later this month. In global news, new economic data coming out of China suggests the recovery in the second-largest economy is losing steam. Retail sales, a key gauge of Chinese consumer consumption rose just 2.5% year-over-year in August, a massive deceleration from the 8.5% YoY growth recorded in July and a sharply missing estimates of 7% growth. Separate data released Wednesday by the statistics bureau showed home sales by value falling by 19.7% in August from a year ago, the largest drop since April 2020—at the height of the pandemic. Highlights
"The future belongs to those who believe in the beauty of their dreams." -Eleanor Roosevelt [link] [comments]  |
| Lockheed Martin secures $2 billion in Pentagon contracts for F-35 fighter jet program Posted: 15 Sep 2021 01:35 PM PDT The Department of Defense this week awarded contracts valued at over $2.01 billion to Lockheed Martin Corp. to continue making and maintaining the F-35 fighter jet fleet for the U.S. and its allies through 2023. Under the contracts, the Maryland-based company will continue to provide logistics support, maintenance and training, among other services, for more than 3,000 F-35s. Both Lockheed Martin and the Pentagon emphasized the importance of cost-reduction in coming years. [link] [comments]  |
| Equity index giant MSCI to give 10,000 firms global warming ratings Posted: 15 Sep 2021 10:54 AM PDT https://finance.yahoo.com/news/equity-index-giant-msci-10-211801569.html LONDON, Sept 14 (Reuters) - Global equity index compiler MSCI is to start providing data on how much the world's top 10,000 firms are likely to be contributing to global warning. The firm, which runs the widely-tracked $60 trillion All Country World Index, is launching Implied Temperature Rise scores, which estimate whether a firm's activities and plans are consistent with keeping global warming below 2 degrees Celsius. The idea is to get companies to change their strategies," said MSCI's head of ESG and Climate, Remy Briand, who estimates nearly 60% of firms still don't disclose even the most basic environmental data. MSCI's new approach converts the current and projected greenhouse gas emissions, taking into consideration emissions reduction targets, of each company to an estimated rise in global temperature. Projections are calculated by comparing those projected emissions with the global carbon budget that remains if the planet is to keep temperature rise this century below 2°C. Briand laid out examples using two oil giants, Exxon Mobil and Royal Dutch Shell. Exxon, which has been under heavy scrutiny for its approach to climate change, produces a 4C rise score - a scenario that scientists warn would lead to unprecedented heatwaves, severe droughts, and a major rise in sea levels and mass flooding. Shell produces an implied 2C rise, having set targets to cut the carbon intensity of its products by at least 6% by 2023, by 20% by 2030, by 45% by 2035 and by 100% by 2050. "The message is to make the commitment more public," Briand said. His assumption is that because MSCI's indexes and data are used by most of the world's big investors, companies will need to have low implied temperature rise scores to encourage those money managers to park their cash in them. [link] [comments]  |
| Posted: 15 Sep 2021 12:39 PM PDT Helle there, I have a question in regards to how to invest best on a monthly manner. As i am from Switzerland and our banks still charge quite a lot to buy stocks, around 20-50$ per order. I was wondering what would be the best option for putting this money into VOO, each month and pay a higher percentage of my investment in fees or put money in a 3 month cycle. What would be your advice for me? [link] [comments]  |
| Dutch $BROS going public tomorrow. Posted: 14 Sep 2021 04:16 PM PDT Just found this out yesterday, and as an Oregon native I am kind of pumped (no pun intended). Their expansion has been insane the last couple years, obviously needing the funds and probably why they are going public. If you take in consideration such expansion and the liberal sick time and benefits they have given their employees during the pandemic, this last year's dip in revenue starts to make some sense. Sure the coffee is mediocre and sometimes I pretend I'm on the phone just to avoid talking to the overly-chipper baristas, but their new business-focused CEO and expanding into new states makes me think maybe this has potential! Just sharing to spread the info! Looks like they are valued at $23 right now. Please do your DD and this is NOT financial advice. Also this ticker name is dope. [link] [comments]  |
| Any reason when and what time people like me can buy $BROS on the market? Posted: 15 Sep 2021 08:28 AM PDT I read somewhere it is Open today but will Close Friday - what does that mean? I am interested in the buying the stock, and while this is not financial advice, I have seen Dutch Bros spread like wild fire throughout the Pac Coast and AZ. The following is huge and their branding stands out above the rest. [link] [comments]  |
| Price action for ZM in the upcoming week or by end of September. Posted: 15 Sep 2021 01:49 PM PDT Does anyone have any opinions on the price action for ZM in the upcoming week or by the end of September. It's been dropping since the 2Q earning. I think it's in the fair value range but some may think otherwise. What's your thoughts? Does it have a chance to hit 290s in the next few trading days? [link] [comments]  |
| Posted: 15 Sep 2021 11:57 AM PDT Has anyone been keeping track of what's going on with KERN? Two days ago they announced an acquisition of 365 Cannabis, one that would theoretically simplify the ERP landscape for weed businesses. Since then the price has dropped from 4.24 to 3 (it jumped from 3.3 to 4.24 when the announcement was made). KERN has been on a consistent landslide over the last year too. Any idea what's going on there? Isn't the acquisition be a positive reflection on the company? [link] [comments]  |
| Posted: 15 Sep 2021 10:59 AM PDT I currently have a cash account with fidelity and I plan to apply for a margin account not to use it for trading with margin, but to be able to day trade without worrying about settlement dates and good faith violations. I just wanted to confirm if this is possible. For instance, buying a stock and selling same day and doing the same next day in a margin account without taking any loan and having any interest charge. I was told a margin account would let you do that. [link] [comments]  |
| How to apply my tax situation to the market Posted: 15 Sep 2021 01:35 PM PDT Good afternoon, I am from scandinavia so my tax situation is a little differnt from USA. In short, I've got ~$2300 per year tax free in capital gains. The tax gain is in no way connected to my wage income. I am around 30 years old, I can take calculated risks. I have most of my investments, apart from morgage, in long term native ETF's and the fee I pay for moving that around outweights my potensial tax advantage. The dividens in those ETF's is always reinvested. Early this year I gained access to a foreign broker. While the spread isn't great, it's still nothing compered to the fees I pay at my bank. I have ~$5000 on that broker. Therefore I wonder, is there anything I might be missing. The internet talks alot about long term vs short term capital gains. I am not bound by those. I could, in theory, swing trade more and use take advantage of my tax situation that way. But that has risks. I can barely clap my hands in a synchronized beat; I'd rather not count on my ability to time the market. There is also no such thing as "wash sale rule" in my country so I don't need to worry about that. So far I've only seen 2 scenarios where this plays in my advantage: i) I've try'd to spot very red days and sell only in order to rebuy in at a lower price the same day. This creates a tax event, meaning when I sell in the future my cost bases are higher. This feels kind of rough. I'd wish for a more sophisticated approach. ii) I could invest in dividens company's. But I don't really understand the sweetspot between a dividens company that is groving and might compete with market gains vs a "dinasaur" (mature) company that's not gonna see much grow, something that's much more attractive to a investor who rely's on dividens as income. So my question is: Got any ideas? [link] [comments]  |
| Las Vegas Sands, Wynn Resorts Dive As China Mulls Tighter Rules For Macau Casinos Posted: 15 Sep 2021 04:04 AM PDT Casino operator stocks with major exposure to Macau continued to sell off early Wednesday, including Las Vegas Sands (LVS), Wynn Resorts (WYNN) and MGM Resorts (MGM), as China eyes tougher regulations. The proposed rules call for the removal of current sub-concession system, the appointment of government delegates to oversee gaming operators and the creation of an illegal deposit crime, according to a macaubusiness.com report. In 2002, Macau granted only three gaming concessions. One each to: SJM Resorts, a subsidiary of SJM Holdings; Wynn Resorts (Macao), a subsidiary of Wynn Resorts; and Galaxy Casino, connected to Galaxy Entertainment Group. Local authorities eventually allowed each concessionaire to have a sub-concession. They included MGM China Holdings, Melco Resorts and Entertainment and Sands China. The current concessions expire in June 2022. They can be extended by up to five years. But industry watchers say they're more likely to be extended by three years, since SJM and MGM have already had their concessions extended by two years to match up the expiry date of the other four concession holders. Officials have not unveiled specific policies for review. But the number of future gaming concessions and their duration are in play. Authorities also propose more legal requirements for oversight of concessionaires, suitability evaluation, criminal responsibility and worker guarantees, among other things. A public consultation for the new gaming law runs until Oct. 29. Gambling makes up 80% of government revenues in Macau and 55.5% its GDP. Authorities are suggesting policies to reduce Macau's economic dependence on gaming. They're taking it a step further by saying that the gaming sector should take a leading role to drive that diversification. Casino Stocks Casino operators with a big presence in Macau are down sharply in Wednesday's stock market trading. Las Vegas Sands stock fell 7% before the open. On Tuesday, shares plunged nearly 10% to 38.71. LVS stock had been rebounding from pandemic lows and testing its 50-day line before the news broke Tuesday and tanked the stock, according to MarketSmith chart analysis. Wynn stock dropped almost 8% in premarket trade. On Tuesday, Wynn Resorts skidded 11% to 92.25, below its 50-day line. Melco Resorts (MLCO) gave 8.5% early Wednesday. On Tuesday, MLCO stock gave up 5.9% to 11.95. Meanwhile, MGM Resorts, which has less exposure to Macau, still retreated 3.5%. That's after losing 3.9% to 41.41 on Tuesday. MGM stock broke out past a 43.74 buy point from a cup-with-handle base intraday on Sept. 8. But the stock closed more than 6% below than entry.. U.S.-focused gaming firms retreated modestly on Tuesday. Caesars Entertainment (CZR) fell 1.2% and Penn National Gaming (PENN) 3.5%. Even online gambling specialist DraftKings (DKNG) was dragged lower 2.3%. All were quiet so far early Wednesday. Might be a bad time to buy casino stocks now, I'd watch for more CCP regulations. [link] [comments]  |
| What brokerage do you use, and why? Posted: 15 Sep 2021 01:06 AM PDT I use vanguard because of the super responsive customer service lines, and they are more geared toward long-term investing, which is my only goal. Also, they have great financial products! What is your brokerage? [link] [comments]  |
| Cash is king or cash is trash? Posted: 15 Sep 2021 05:33 AM PDT Last year in spring I had the painful experience of not being able to re-buy because I didn't have the money. I was determined to increase my positions in May after the Covid crash, but had no funds. My broker unfortunately does not allow buying on margin, otherwise I probably would have tried that. Since then I've been holding about 5-7% of my portfolio as cash. Now I am torn, on the one hand I believe in the long term increase of the markets, and therefore I should be fully invested right? On the other hand, I will feel so stupid and helpless and almost despair when I can't grab the next sell off. Just for the record, I don't rely on the cash cushion to live, I see it as part of my portfolio. If you guys hold cash, if so how much and why? Was anyone else like me last year? [link] [comments]  |
| Evergrande’s foreign investors / lenders? Posted: 14 Sep 2021 06:15 PM PDT It's understood a default by Evergrande could have massive implications for global markets but I'm interested in which foreign companies would be hit first and hardest. PRC has openly said local investors / lenders will be serviced first on a priority basis. Anyone know where/how to find this info? FYI: No positions in Evergrande. [link] [comments]  |
| Sugar futures help explaining. Posted: 15 Sep 2021 01:20 PM PDT I noticed a sugar future is going up and down in consistent intervals 20+ times a day. I believe this is called barcoding as it looks like a bar code on the chart. I'm looking for some clarity on why a stock would be creating such a pattern? Also why is the market only showing data from 4am to 1pm every day? Is it running on a different market or at different hours. Is day trading something like this feasible? [link] [comments]  |
| Is PLUG dead? Is this company worth sticking around for? Posted: 14 Sep 2021 02:48 PM PDT Hi everyone, I just need some advice/insight as to $PLUG and if they have any upside or potential in the future. I was an early believer in them and did not sell when they mooned. The stock price been consistently going down and rather than give up I doubled down. I am currently down about more than 1K and am looking to reallocate funds, but I dont know if I should take that loss. Any insight appreciated, Thanks [link] [comments]  |
| Pearson (PSO) suing Chegg (CHGG) alleging massive copyright infringement Posted: 14 Sep 2021 04:49 PM PDT Pearson Education (PSO) is suing Chegg for copyright infringement, stating " We're seeking to protect the end of chapter questions and related content in thousands of Pearson's higher education textbooks. Chegg's sale of the answers to our end of chapter questions violates Pearson's copyrights." Basically, Chegg sells a service that allows students to purchase access to answers to end-of-chapter solutions. Pearson alleges this is copyright infringement. I know a number of publishers are dissatisfied with this type of practice, whether it is people recording solutions to simulations on YouTube, or publishing answers to questions on sites like Chegg. Note that this isn't new; sites like cheathouse have been around since the late 1990's. However, in this case, it seems directly publishing the questions and answers at the end of the chapter has given Pearson an opening to sue. I am certain other publishers will be watching closely. Either way this is not going to resolve itself soon. I own no shares of either company. I've done a little freelance work for Pearson, which is where I heard about this initially. [link] [comments]  |
| r/Stocks Daily Thread on Meme Stocks Wednesday - Sep 15, 2021 Posted: 15 Sep 2021 04:00 AM PDT The meme stock scheduled posts will run Mon to Fri and won't be a sticky; you're probably seeing this because automod sent you here or you woke up early Wall St time; good morning! Welcome traders who just can't help them selves discuss the same exact stock that's been discussed 100s of times a day. I get it, you want to talk about what's popular, what's hot, and that 1.. single.. stock you like.. well here you go! Some helpful links just for you:
An important message from our mod u/TCGYT regarding meme stocks. Lastly if you need professional help:
[link] [comments]  |
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