Stocks - r/Stocks Daily Discussion & Fundamentals Friday Sep 03, 2021 |
- r/Stocks Daily Discussion & Fundamentals Friday Sep 03, 2021
- August nonfarm payrolls increase 235,000 vs. 720,000 estimate
- What are some Blue Chip/Large Cap stocks to buy and look out for?
- Your Favourite ETF and reason behind it?
- I may have made a bonehead move. Please help.
- Is it always a good idea to average up?
- MongoDB surge wraps up a massive week for open-source software as a business
- Strategies for Timing Investment of $100k
- Morning Update for Friday, 09/03/21
- Do you think the last 250 years of economic growth are the anomaly or the rule?
- Do you believe in FED/Jerome Powell?
- Toei Animation (makers of Dragonball) stock rallies nonstop. Why?
- Here is a Market Recap for today Friday, September 3, 2021
- Help requested: What is my 401(k) invested in?
- Anyone familiar with FCX? Unsure what to do.
- Can hedge funds or retail still own stock in a company that no longer exists?
- Will Beijing Supersede Hong Kong?
- Investing in US from another country
- r/Stocks Daily Thread on Meme Stocks Friday - Sep 03, 2021
- How do brokers determine how much tax I pay if I buy multiple of the same stock at diff times and sell the next year?
- Before Analyzing Financial Statements, Look At The Auditors Report
- Looking to get into weed/vape/tobacco companies, mostly for the inevitable benefit of national legalization. $MO or $BTI? Others?
- Fintel vs Ortex
- What tools/services are worth paying for?
| r/Stocks Daily Discussion & Fundamentals Friday Sep 03, 2021 Posted: 03 Sep 2021 02:30 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on fundamentals, but if fundamentals aren't your thing then just ignore the theme and/or post your arguments against fundamentals here and not in the current post. Some helpful day to day links, including news:
Most fundamentals are updated every 3 months due to the fact that corporations release earnings reports every quarter, so traders are always speculating at what those earnings will say, and investors may change the size of their holdings based on those reports. Expect a lot of volatility around earnings, but it usually doesn't matter if you're holding long term, but keep in mind the importance of earnings reports because a trend of declining earnings or a decline in some other fundamental will drive the stock down over the long term as well. See the following word cloud and click through for the wiki: If you have a basic question, for example "what is EBITDA," then google "investopedia EBITDA" 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. Useful links:
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| August nonfarm payrolls increase 235,000 vs. 720,000 estimate Posted: 03 Sep 2021 05:36 AM PDT Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday. Economists surveyed by Dow Jones had been looking for 720,000 new hires. The unemployment rate dropped to 5.2% from 5.4%, in line with estimates. Own thoughts: This is very good news for the stock market since taper talk won't be happening this year even. Gives the stock market to have a very strong finish to the year. August nonfarm payrolls increase 235,000 vs. 720,000 estimate https://www.cnbc.com/2021/09/03/jobs-report-august-2021.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard [link] [comments]  |
| What are some Blue Chip/Large Cap stocks to buy and look out for? Posted: 03 Sep 2021 04:59 AM PDT Recently added AMZN during the dip, and will plan to add V and MA too. All these will be in my long term portfolio. I'm curious What are some large cap stocks you guys are looking out on buying the dip? [link] [comments]  |
| Your Favourite ETF and reason behind it? Posted: 03 Sep 2021 08:56 AM PDT Hello everyone, Wanted to invest some money in a few ETFs, just wanted to ask what are your favourite ETFs and why. I really like the ARK ETF I'm a big believer in Cathie Wood, even though I know the risk/reward ratio is high. Tell me your thoughts on ARKs ETFs. [link] [comments]  |
| I may have made a bonehead move. Please help. Posted: 03 Sep 2021 09:42 AM PDT I am shorting 125 shares of a particular stock. I am down big in this position right now. It was a stupid move and I will never short sell again. However, the stock has pulled back, so I decided to hedge my short position by buying 50 shares of the same stock long. However, when I tried to sell those 50 shares, my broker did not allow the sale to go through because I have net -75 shares of this stock. I have no idea what I can do in this situation. How could I ever sell either my short or my long positions if they are canceling each other out? Am I misunderstanding something? Does anyone have advice or a solution to this problem? Thank you! [link] [comments]  |
| Is it always a good idea to average up? Posted: 03 Sep 2021 03:20 AM PDT I started investing earlier on in the year and I've always been reluctant to average up. My plan has always been to buy when the price is low and to only buy when the price goes below my average (thus, averaging down). It has worked ok for me so far, but I feel like I may be missing out on future gains. In terms of averaging up, is it always a good idea to do so if you're fairly certain that the stock will increase in the future, even if it would mean drastically increasing your average price? [link] [comments]  |
| MongoDB surge wraps up a massive week for open-source software as a business Posted: 03 Sep 2021 12:02 PM PDT With MongoDB's surge on Friday, it's now worth almost as much as IBM paid for Red Hat in a deal that closed in 2019. Earlier this week, Databricks raised a private financing round at a $38 billion valuation, which would make it the most valuable open-source company ever. More companies are making money by turning open-source projects into popular and lucrative enterprise software products. This company ipo in 2017 and the stock price already appreciated 1468%. It proved that Open-source software is in hot demand now. It is the most-valuable open-source company on record. [link] [comments]  |
| Strategies for Timing Investment of $100k Posted: 03 Sep 2021 06:44 AM PDT I have $100k I'd like to invest, probably in some broad market ETFs or dividend ETFs. What is a good strategy for timing my buys so I'm not trying to time the market? Something like invest 12.5k a week for 2 months? Certain day/time better? [link] [comments]  |
| Morning Update for Friday, 09/03/21 Posted: 03 Sep 2021 05:41 AM PDT Good morning everyone. Have a nice Friday, and then enjoy the weekend! This list is geared towards day trading. With the momentum watchlist especially, I am typically in and out very quickly, only occasionally longer than a couple minutes, usually faster scalps. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management for your account. Main Watchlist: Gapping UP:
Gapping DOWN:
Market Outlook: Stocks are looking to open slightly higher to end the week. The markets only seem to want to go higher. We should be getting the monthly jobs report, and this will likely influence whether or not tapering happens sooner rather than later. Because of this, we could see some kind of reaction from the market. With concerns about growth slowdown, we could see some volatility in the near future. In other news, Beijing is said to be seeking to take Didi under state control, I'll be watching for any more news on this. SPY is trading a bit under 454, we could see some volatility to end the week. DIA is trading just over 355, and looks like it could be ready to push to new ATH in the near future. Pretty solid support level at 354 for the time being. QQQ is trading a bit under 381, it could try to find support today at the 380 level. Gold, silver, and crude oil are all up this morning. B**coin is currently trading around 50,200. I'll be watching action around the 50,500 resistance area. If it breaks through, it could see some more upwards movement. Cr**to-related stocks are up a bit in premarket trading as a result. Airlines and cruise stocks have been consolidating in recent trading sessions, and I think the next couple days will be important. I'll be watching closely for any news that would potentially affect reopening plays. I'll also be keeping an eye on the meme stocks, as sometimes things get exciting at the end of the week. Remember to use proper risk management, by making sure you size appropriately for your account and have a plan for every trade you enter (both for taking profits and cutting losses). Happy trading everyone :) [link] [comments]  |
| Do you think the last 250 years of economic growth are the anomaly or the rule? Posted: 03 Sep 2021 11:20 AM PDT Over the last 250 years the world has seen massive growth in both population and productivity, this has fueled immense global economic growth. Most people take this to be a new normal, that economic growth will extend indefinitely, but others see diminishing population gains and returns on productive capital and believe that this period of extreme growth is reaching a plateau. How do you feel personally about this? If economic growth were to plateau, would you still expect positive returns from total market stock investments? This may seem like it has an obvious answer, but all research I've seen indicates that total market stock returns do not correlate to GDP growth at all. Taking this to the extreme, if GDP growth is zero, would it still be possible to have positive total stock market growth? [link] [comments]  |
| Do you believe in FED/Jerome Powell? Posted: 03 Sep 2021 01:47 PM PDT I want to see what are the popular opinions here about the chairman of the Fed. For me it kind of seems that a lot of people here have a neutral-negative sentiment about his actions. So it is very interesting to me what do you think about his printing and QE - do you really worry about the potential negative impacts on the market and economy or you are calm and are sure the guy is doing the right things? And why? [link] [comments]  |
| Toei Animation (makers of Dragonball) stock rallies nonstop. Why? Posted: 03 Sep 2021 06:54 AM PDT I fail to find the reasoning behind this rally. Pre covid the were at 5.000 yen, now almost at 20.000. The internet doesnt tell me why its going up so much. Since I was close to trigger the buy button in january, im biting my butt rn. Any idea? [link] [comments]  |
| Here is a Market Recap for today Friday, September 3, 2021 Posted: 03 Sep 2021 02:02 PM PDT PsychoMarket Recap - Friday, September 3, 2021 Stocks finished the day mixed, with the S&P 500 (SPY) and Dow Jones (DIA) falling while the tech-heavy Nasdaq (QQQ) pushed higher, closing 0.31% higher. The Russell 2000 (IWM), which tracks the performance of small-caps, fell 0.46%. Market participants are digesting the release of the August Jobs Report, which showed a sharp deceleration in employment amid the latest surge by the coronavirus Delta variant. The Labor Department released their monthly unemployment report, which showed hiring in August slow down dramatically as the US continues to battle massive spikes in coronavirus Delta cases in certain parts of the country, mainly the South/Southeast (according to the CDC, roughly ⅓ of all COVID-related hospitalizations are in Texas and Florida as both states deal with record coronavirus cases and low hospital capacity). Due to this surge and the reimposition of pandemic-era restrictions in areas with high transmission rates, employment numbers came in shockingly low compared to estimates and the previous month's numbers. Here are the numbers.
President Biden said of the report, "While I know some wanted to see a larger number today and so did I, what we've seen this year in continued growth, month after month, in job creation. This is the kind of growth that makes our economy stronger." This is a little confusing but follow me here. In a weird quirk of the market, the low employment numbers actually benefit equities by staving off the need for tapering, which is why we saw tech stocks in particular popping today. Members of the Fed have consistently signaled they will be looking especially close 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." Regardless, as I have said before, I remain unconcerned by taper talks, I think the real test for equities will come when discussion about potential interest rate hikes begins. Steve Sosnick, Chief Strategist at Interactive Brokers, said of the report "What we're seeing is the market really trying to wrestle with the idea of what matters to it more: Is it about the economy, or is it about monetary policy? Now, we've been in a monetary-driven market for so long it's hard to say that monetary factors aren't at the forefront of the market's mindset right now. But what I think we may be seeing here … we can't really figure out whether this delays tapering in a meaningful way. But there's stuff in here that is not necessarily bad other than the headline number. Wages are good, the unemployment rate is good." Highlights
"Our greatest glory is not in never falling, but in rising every time we fall." - Confucius [link] [comments]  |
| Help requested: What is my 401(k) invested in? Posted: 03 Sep 2021 01:45 PM PDT Hi all -- I'm hoping for help understanding what my 401(k) is invested in. Done through Fidelity, it's described as Vanguard Institutional 500 Index Trust, with a disclaimer explicitly stating "This investment is not a mutual fund," but looking up "trust funds" doesn't exactly yield the info I'm looking for. The symbol is 87267D106 which delivers Google results for VINIX, so am I invested in an account that's investing in VINIX? I explicitly chose the fund due to its low costs, and then I received a notice late last year that the fund was converting into something else, and I have been confused since. My main goal is that I'm receiving regular dividends and understand what my investment is, so thank you for any help! [link] [comments]  |
| Anyone familiar with FCX? Unsure what to do. Posted: 03 Sep 2021 09:42 AM PDT I hold a large amount of Freeport Mcmoran, purchased years ago at the advice of a friend. My cost basis per share is $30 so currently looking at a 20% gain. The kicker is that I've been holding this stock for almost ten years, and as recently as last March the price has dropped well below $10, I nearly took an absolute beating. Also, The company is fucking big and complicated. Can someone who knows what they're doing toss me some advice? [link] [comments]  |
| Can hedge funds or retail still own stock in a company that no longer exists? Posted: 03 Sep 2021 01:05 PM PDT What happens to stocks when the company goes bankrupt? Can someone still own stocks in a company that has gone bankrupt or is delisted from the exchange? Toys r us would be a good example. Can someone still own stock in toys r us? And if they get a re-boot and back onto the exchange, are those shares active again? Or when the company delists / bankrupts, the stocks die with it? Hard for me to find the right wording to ask this, because I'm not too knowledgeable In this area. but hopefully someone way smarter than me can figure out the gist of what I'm asking. Just trying to figure out if this is another tool in the tool bag for hedge funds. Short the stock to bankruptcy, and then still hold the stock for dirt cheap. Wait for someone like Sears to re-boot the company and then they essentially own the company on the re-boot. So much funny business going on, didn't know if this was possible or not. Thank you! [link] [comments]  |
| Will Beijing Supersede Hong Kong? Posted: 03 Sep 2021 06:50 AM PDT Is the Beijing exchange designed to replace or compete with Hong Kong? How will the new exchange effect the way Chinese equities are currently traded through a proxy? Will we (outsiders) be able to purchase shares directly in BABA for example? [link] [comments]  |
| Investing in US from another country Posted: 03 Sep 2021 04:03 AM PDT Hey anyone here that buys US stocks but live outside the US? I've started noticing the fluctuations in the foreign exchange rate. Earlier in the year, it worked in my favour but it's swung the other way significantly. It's annoying when your portfolio increases in US market value but actually decreases in my currency because of the exchange rate. I don't want to do any hedging but just wanting to hear from other people and how they handle the volatility. [link] [comments]  |
| r/Stocks Daily Thread on Meme Stocks Friday - Sep 03, 2021 Posted: 03 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]  |
| Posted: 03 Sep 2021 10:26 AM PDT Pretty much the title but, If I bought 1 share of stock A in March and then another 1 share bought in June but then sell in February of the following year how does it know which stock I sold to determine the tax rate I would pay? [link] [comments]  |
| Before Analyzing Financial Statements, Look At The Auditors Report Posted: 02 Sep 2021 07:37 PM PDT Before Analyzing any financial statements, make sure to read the auditor's report beforehand. You will usually find them in the annual report (you won't find it in quarterly earnings reports). An auditor's report will contain their opinion on whether a company's financial statements comply with the accounting principles and if the financial statements are free from material misstatement. You want to look for something like this" In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at June 30, 2021 and 2020, and the results of its operations and its cash flows for each of the three years in the period ended June 30, 2021, in conformity with accounting principles generally accepted in the United States of America." By doing this, you can move forward with your financial statement analysis knowing there are no material errors that can impact the analysis. If the auditor's report gave a disclaimer of opinion where they do not have enough evidence to know the impacts of the financial statements, how can you? [link] [comments]  |
| Posted: 03 Sep 2021 01:16 PM PDT Obviously tobacco consumption has declined considerably over the past 2 decades. That said, nicotine vapes and of course weed is also on the rise. Altria ($MO), which owns the Marlboro brand, invested $1.8 billion in Cronos Group for a 45% stake in addition to JUUL which fueled a public health crisis in teen vaping. Altria now has a cooperation agreement with Philip Morris International ($PM) to exclusively sell their E-Cigarettes, and in return PM has the right to exclusively sell Altria's products outside the US. British American Tobacco ($BTI) subsidiary acquired a 19.9% equity investment in Organigram, a leading Canadian cannabis licensed producer. BTI also seems to be more involved in the vape market compared to Altria: "BAT's performance in 2020 was supported by the growth of e-commerce, with Vuse/Vype being the most visited branded e-commerce site across the majority of the main vapour markets, and ranking No.1 for branded search against competitors. In December, Vuse/Vype had over 17,500 subscribers (up 5x since January 2020) with the average subscriber lifetime value equal to 3x that of a traditional retail customer. With tobacco and cigarette use decreasing, I believe the proper strategy is to be focused on vape products and the cannabis industry. Once it's federally legalized, I believe big tobacco and possibly alcohol companies will be buying up much of the marijuana industry. I currently have no positions. What is your play for this (if any) and why? Sources / Further Reading: Corona beer maker Constellation Brands ($STZ) increases stake in Canopy Growth to 38.6% [link] [comments]  |
| Posted: 03 Sep 2021 07:18 AM PDT Research Tools? I'm curious as to the differences between Fintel.io vs Ortex Interested in which one of the two is better suited for an active trader. I don't day trade, but would like the ability to do my own Due Diligence more efficiently and thoroughly. Any advice, suggestions, or alternatives appreciated! [link] [comments]  |
| What tools/services are worth paying for? Posted: 03 Sep 2021 01:11 PM PDT Hey guys. I have been using free tools until now (aside from my broker fees of course). I feel like there is so much available for free that I never felt the need to spend money on anything. But I was wondering, if I were to invest in some tool or screener or service or whatever, what would it be? What is your tool arsenal looking like? [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