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    Stocks - On Tesla's valuation

    October 30, 2021

    Stocks - On Tesla's valuation

    On Tesla's valuation

    Posted: 30 Oct 2021 05:10 AM PDT

    Tesla's valuation is probably one of the most hotly debated topics in the stock market these past few years. Tesla is certainly richly valued, and sentiments like "Tesla has a higher market cap than all other automakers combined" or "Tesla has decades of growth priced in" are very prevalent, especially on this sub.

    That said, I noticed a trend where - although lots of different people are saying this and people defending Tesla's market cap are often downvoted - the people who make this argument never use any numbers to back up their claims. So I figured it might be nice to have an objective look at Tesla's trends and projections, run the numbers, and see how richly valued Tesla really is.

    For those who don't like reading, I will now explain how I got to my numbers. If you don't like reading, skip straight to "The Numbers"

    The method

    While trailing P/E numbers are generally quite meaningless for companies that are growing as fast as Tesla, we can extrapolate their current growth to determine what their trailing P/E would be in the next couple of years should their market cap not rise any further. Although their market cap has risen slightly higher, let's use a market cap of $1T to determine if Tesla really deserves to be a trillion dollar company.

    The trends

    In terms of revenue (LTM), Tesla has grown from $28,176M at the end of Q3 2020 to $46,848M at the end of Q3 2021. A 66% growth YoY.

    In terms of operating margin, Tesla has grown from 9.2% in Q3 2020 to 14.6% in Q3 2021.

    In terms of net income (LTM), Tesla has grown from $556M after Q3 2020 to $3,468M after Q3 2021. A 524% growth YoY.

    The future

    Obviously Tesla won't be able to maintain such a high growth rate. The net income figure is heavily distorted by their low profitability in 2020, and their margins may suffer somewhat as they start to ramp up the two new factories that they are building.

    That said, these two new factories are each larger than their two current factories combined and are much more efficiently spaced. Additionally, they will be using new technologies like the front and rear underbody gigacasting which should increase margins by quite a bit. On top of that, the percentage of sales that are Model 3's (their cheapest car) will decline as they scale up Model Y at these new factories and reintroduce the refreshed Model S and X, so ASPs should increase.

    In terms of future sales, Tesla produced 237,823 cars in Q3. Annualized that gives a current run rate of 950,000 cars. Tesla has announced that they will scale up both their existing factories and start to ramp up both new factories by end of this year. Giga Shanghai ramped up with 300,000 units per year, so assuming Giga Texas and Berlin will ramp up with at least an equal amount, they should be doing 600,000 in 2022, 1,200,000 in 2023 and 1,800,000 in 2024.

    The numbers

    Putting all of the information from the previous section together, I have create a worst and a best case scenario for Tesla's numbers through 2024. In the worst case I assume there are significant unforeseen setbacks that cause them to fall short of those numbers, in the best case I expect them to meet or even slightly exceed them. This brings us to the following projection:

    Sales

    Worst Case Best Case
    2022 1,400,000 1,700,000
    2023 2,000,000 2,700,000
    2024 2,600,000 3,300,000

    ASP

    While I mentioned ASPs will likely increase, I have chosen to keep them the same as in Q3 2022 at $50,000 because it's too difficult to predict. This should make sure the final numbers remain conservative.

    Revenue

    Worst Case Best Case
    2022 $70B $85B
    2023 $100B $135B
    2024 $130B $165B

    Operating Margin

    Because of the mix of positive and negative effects on margins while ramping up the two factories, I will keep margins the same in 2022 and restart the increasing trend from 2023.

    Worst Case Best Case
    2022 14% 14%
    2023 15% 18%
    2024 16% 20%

    Net Income

    Multiplying the total revenue by the operating margin gives us the following Net Income:

    Worst Case Best Case
    2022 $9,8B $11,9B
    2023 $15,0B $24,3B
    2024 $20,8B $33,0B

    P/E

    Dividing our $1T market cap by the projected net income gives us the following trailing P/E values should the stock stay flat around this market cap:

    Worst Case Best Case
    2022 102 84
    2023 67 41
    2024 48 30

    The conclusion

    Should Tesla trade flat at around a $1T market cap and they continue on their current trajectory, they will be trading at a trailing P/E of between 30 and 48 by the end of 2024. Depending on which scenario plays out (best or worst case) and what you think is a fair valuation for a company growing revenue and margins as quickly as Tesla is, the stock has between 1 and 3 years of growth priced in.

    So to conclude, the popular sentiment that "Tesla has decades of growth priced in" is false.

    Important side note

    For simplicity sake I have only looked at Tesla's automotive business, as it makes up the vast majority of their revenue and almost all of their Net Income as of this writing. Obviously all of Tesla's future business models, most notably energy and software (FSD and Autobidder), deserve to be taken into account when assigning a valuation to the company. But to avoid "FSD doesn't exist" and "energy is a scam" kind of comments, I have left these out of the analysis entirely.

    TL;DR: Based on Tesla's current trends, they have between 1 and 2 years of growth priced in when looking purely at their automotive sales.

    submitted by /u/Ehralur
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    Has Evergrande disappeared?

    Posted: 30 Oct 2021 04:45 AM PDT

    Back a few weeks ago, this was the talk of the stock market.

    I remember that broad red day we had that Monday when Evergrande's interest payments were due and nobody was sure if they were going to be able to do it. I remember having money on the sidelines for a further red day when they default, and that red day never came.

    Now, you don't hear anything about Evergrande anymore? I see that they have managed to secure yet another small bailout for an upcoming interest payment, but that just kicks the can down the road and the problem still exists. So, how come the whole problem is being dismissed?

    submitted by /u/maximalsimplicity
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    If you invested $1000 per month where would you put it and where should I put it?

    Posted: 29 Oct 2021 08:39 PM PDT

    Hello. Homeless here. I live in my car and I am looking to stocks to solve my problems. Ready to harass me with unkind things?

    Before you do here are some facts:

    I make $11 an hour and work 40 hours a week.

    I make enough to invest over $1000 a month.

    I only spend $400 a month out of my $1500 - $2000 monthly pay.

    I plan on getting an apartment in 2022 at some point as well as a better job.

    I want to invest for the long term. My ideal minimum goal would be 10 percent profit every year and take out 4 percent per year when I retire.

    I have looked at many stocks past 5 year history and many of them are skyrocket. The ones that seem to go up up up and never really go down in the long term would be the ones I think I would invest in.

    I have at least a year of savings at $400 a month meaning my savings is at least $5000.

    Having finally looked into stocks and looking up videos for about 100 hours and still having no real true 100 percent plan I know a few things. First: Stock market seems better than a savings account. Second: If I had invested 5 years ago I would have so much more money. Third: It seems some stocks will almost always profit over the long term. Forth: Inflation means stocks are a decent option instead of a bank.

    I did put a very small amount of money into stocks and so far have a 2.5 percent return. I put the money in 3 stocks and it increased. That was 24 hours ago.

    I have a decent savings account and I was wondering if I should put it all into stocks. The truth is if I put $5000 into stocks and lost it all I would not lose my life and could make it back but it would hurt my heart and make me want to stay in my car a bit longer.

    I currently am trying to better myself and I have come a long way. I won't get into that so try not to judge me to harshly. Right now I am at a point where I can invest a bit more at a low paying job, but I do intend on getting a better job when I can and then get an apartment so I can have a home and invest more money as well. But I also have no friends and no family. I am all on my own with the grace of God and perhaps your input here...

    But currently $1000 is completely able to put into the stock market every month.

    Where do YOU personally put your money and where would YOU personally put your money if you were in my situation?

    With inflation is it okay to start investing or is it too late now?

    Would it be best to stick with the stocks that seem to have a history of doing well or would they be overvalued due to the inflation lately?

    In the long term what stocks do you feel will stand the test of time and keep raising even in times of trouble?

    Please provide your thoughts and hope I am not too much of a loser. Thanks.

    submitted by /u/MarinetteXLila
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    This week is gonna be interesting!

    Posted: 30 Oct 2021 09:40 AM PDT

    This week some of reddit's favorite companies are going to have earnings and they are:

    • DraftKings

    • Etsy

    • Square

    • Coinbase

    • Fastly

    • Cloudflare

    • Airbnb

    • Roku

    • Corsair

    Other companies with earnings include: Activision Blizzard, Peleton, Moderna, Uber, etc

    submitted by /u/gorays21
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    My dad works as a financial analyst for a broker firm...am I allowed to trade stocks?

    Posted: 30 Oct 2021 11:43 AM PDT

    I was looking into opening a trading account and when filling out my details they asked "are you, or is your spouse, or is any member of your immediate family living in the same household licensed by, employed by, or associated with a broker-dealer firm, a financial services regulator, a securities exchange, or a member of a securities exchange?".

    I showed this question to my dad he said his company is a broker firm (and when I ticked off "yes" on that question it prompted me to enter my dad's company's name and street address) and that his company has very strict rules about trading stocks, like if an employee has access to private information for more than a few minutes of their designated time he has to write them up and stuff like that, and he added that "there's probably equally strict rules about family members trading so I wouldn't risk it right now because you could raise false alarms and accidentally get me in trouble with my company if you start trading" and when I was explaining this to my friend, he sounded very confused that I'm not allowed to trade stocks because of a family member even as a legal adult.

    And that got me thinking as well, what are the actual rules for this sort of thing? For context I'm in college right now living on campus so I'm not in the same household as my dad, and I heard that these rules in financial companies about family members trading usually only apply to people in the same household so I'm not really sure what I can and cannot do in this case? I want to learn how to invest because it sounds interesting and a decent way to make money on the side, so do I have any options at all here? I don't want to cause problems for my dad...

    submitted by /u/leavingin6minutes
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    Apple for Microsoft?

    Posted: 30 Oct 2021 05:13 AM PDT

    Currently holding appl at 50% gains but I'm wondering if my returns would be better if I start moving my apple shares to Microsoft. I'm young so I have time to hold and I'm OK with a more aggressive plrtfolio.

    I don't have enough to hold both so I appreciate any input

    submitted by /u/Doxy-Cycling
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    Best European Brokers

    Posted: 30 Oct 2021 05:12 AM PDT

    Hi guys,

    I am from Bulgaria( not relative to Vlad Tenev I swear), Europe and I want to open a stock broker account. So I was wondering what experience do you have with yours. What are the fees, can you buy fractional shares and what is the minimum deposit. Is the ui beginner friendly?I am not going to invest in meme stocks but I prefer a broker that didn't restrict buying Gme and Amc in January. Also can I buy that really famous volatile asset created by Satoshi Nakamoto which name I can't say in this subreddit without breaking the rules.

    I read that Degiro is pretty good, those who use it - what is your opinion. Edit: Degiro is not available in Bulgaria so what other brokers do you recommend

    Thanks in advance!

    submitted by /u/Maximll
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    Wall Street Week Ahead for the trading week beginning November 1st, 2021

    Posted: 30 Oct 2021 06:18 AM PDT

    Good Saturday morning to all of you here on r/stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.

    Here is everything you need to know to get you ready for the trading week beginning November 1st, 2021.

    Markets could be challenged in the week ahead as the Fed prepares to reverse easy policy - (Source)

    The Federal Reserve is expected to take its first major step away from the easy policy it put in place to fight the pandemic, a milestone on the road back toward normal.

    The Fed's two-day meeting Tuesday and Wednesday is the big event for markets in the week ahead. The central bank is widely expected to announce that it will begin to unwind its $120 billion in monthly bond purchases and end the program entirely by the middle of next year.

    Economic data will also be important, with the October jobs report on Friday. There are dozens of earnings expected, including pharmaceuticals like Pfizer and Moderna, as well as a host of travel, energy, insurance, and tech companies.

    The Bank of England also meets Thursday, and it is expected to raise interest rates. The move comes after rate hikes by South Korea, Norway and others.

    "The Fed is part of a global move to remove accommodation, and the market drives right past that," Bleakley Advisory Group CIO Peter Boockvar said. "In a way, the stock market is playing a game of chicken, with this inflation move and interest rates and the response from central banks."

    Inflation has been running at a 30-year high. Core PCE inflation — which is the Fed's preferred gauge —jumped 3.6% in September on a year-over-year basis, the same as in August.

    Stocks were higher on the week, with the S&P 500 up about 1.1% as of Friday afternoon and up roughly 6.7% for the month of October. Both the Dow and S&P 500 notched new highs in the past week. The widely watched 10-year Treasury yield was at 1.53% Friday afternoon.

    "There is an incredible level of complacency out there in this environment," Boockvar said.

    Other events the markets are monitoring include the gathering of world leaders at the G-20 in Italy and the United Nations climate summit COP26, beginning Sunday in Scotland.

    'Wild week'

    "You're going to have a wild week," Wells Fargo's Michael Schumacher said. He noted that the Fed's action will dominate the week, and the jobs report will be secondary.

    Wells Fargo economists expect 390,000 jobs were added in October and average hourly earnings grew by 0.4%, he noted. Payrolls were up just 194,000 in September. Schumacher said inflation is the biggest concern in the markets, so the wage data will be most closely watched.

    Schumacher said the market is widely expecting the Fed to announce it will reduce its bond purchases by $15 billion a month, starting either in November or December. The central bank implemented its $120 billion monthly bond-buying program in early 2020, as it slashed rates and introduced programs to buy a range of assets to help keep the markets liquid.

    Now, as the program is being wound down, it is what Fed Chairman Jerome Powell says about inflation that matters most because that will drive interest rate expectations.

    Yet, Powell is expected to stress that the Fed is not automatically going to raise interest rates once the bond purchases end in the middle of next year. Traders are pricing in as many as three interest rate hikes next year, but in the latest Fed forecast, only half of central bank officials agreed there should be even one.

    "The inflation commentary is a lot more important," Schumacher said. "Powell has sounded concerned about expectations getting baked in." He noted that the 2-year yield, which most reflects the Fed, has risen more than 30 basis points since the last Fed meeting five weeks ago.

    Schumacher said market expectations for rate hikes may be overdone, and that he does not expect a move until the beginning of 2023. "The direction is right, but the speed is wrong," he said.

    Powell's comments will be closely watched for any adjustment in his thinking on inflation. The Fed had described the surge in rates as "transitory" or temporary. The consumer price index has been running above 5%, and core CPI was at 4% in September.

    "The general feeling among central bankers and the major central banks is this inflation rate will come back down," TIAA Bank president of world markets Chris Gaffney said. "Nobody is using 'transitory' anymore, but they don't feel like we're going to have prolonged high inflation."

    Gaffney said the weaker-than-expected 2% growth in third-quarter gross domestic product could help the Fed convince the markets that it intends to keep rates lower for longer.

    "As long as they stay accommodative, I think the recovery continues," he said. "I'm fairly bullish for the markets going forward. We'll certainly see a lot more choppiness, but I still think the global economy, the U.S. economy particularly, is right now a great environment for corporations. We're seeing fairly positive earnings reports, and more importantly expectations for future earnings."

    There have been some high-profile misses, including both Apple and Amazon this past week. Both their stocks fell, weighing on the Nasdaq down Friday.

    "Earnings overall have been good, but there's still a lot of profit margin challenges out there," Boockvar said. "There's no better example than Apple and Amazon."

    This past week saw the following moves in the S&P:

    (CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

    S&P Sectors for this past week:

    (CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)

    Major Indices for this past week:

    (CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

    Major Futures Markets as of Friday's close:

    (CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

    Economic Calendar for the Week Ahead:

    (CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

    Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    S&P Sectors for the Past Week:

    (CLICK HERE FOR THE CHART!)

    Major Indices Pullback/Correction Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    Major Indices Rally Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    Most Anticipated Earnings Releases for this week:

    (CLICK HERE FOR THE CHART!)

    Here are the upcoming IPO's for this week:

    (CLICK HERE FOR THE CHART!)

    Friday's Stock Analyst Upgrades & Downgrades:

    (CLICK HERE FOR THE CHART LINK #1!)
    (CLICK HERE FOR THE CHART LINK #2!)
    (CLICK HERE FOR THE CHART LINK #3!)
    (CLICK HERE FOR THE CHART LINK #3!)
    (CLICK HERE FOR THE CHART LINK #3!)

    November's First Trading Day: DJIA Up Over 1% Three Years in a Row

    Based upon data in the 2022 Stock Trader's Almanac on page 90, the first trading day of November is the fourth best of all monthly first trading days since September 1997 based upon total DJIA point gained. DJIA, S&P 500 and NASDAQ have all advanced 13 times over the last 21 years. Average performance on the day ranges from a low of 0.17% by S&P 500 to 0.28% by NASDAQ over the 21-year time period.

    (CLICK HERE FOR THE CHART!)

    Here Comes One of the Best Days of the Year (and the Best Week and Month)

    The calendar is about to do a lot of favors for the bulls, as late October and early November historically are quite strong.

    October 28 was the best day of the year, until it fell more than 3% last year, but this day is still one of the strongest days historically for stocks. Not to be outdone though, October 29 and November 2 and 3 are also some of the better days of the year. "I'd like to think it has something to do with my birthday being on October 28, but the truth is bulls should be aware that the coming days are historically some of the best of the year," explained LPL Financial Chief Market Strategist Ryan Detrick.

    (CLICK HERE FOR THE CHART!)

    As shown in the LPL Chart of the Day, the single best day to buy at the close and hold for the next five trading days is today, October 27. Yes, these 5 days were lower last year by 0.6%, but you have to go back to the late 1960s to see the last time they were down two years in a row.

    (CLICK HERE FOR THE CHART!)

    Lastly, November has been quite strong historically. In fact, since 1950, and the past 10 years, it is the best month of the year, while it ranks second over the past 20 years and during a post-election year. "November is the best month of the year, but it doesn't seem to get nearly as much love as you'd think," added Ryan Detrick. "We all assume December is the best month, but November is actually better and gets very little fanfare. Maybe it should be a month for the bulls, not for turkeys."

    (CLICK HERE FOR THE CHART!)

    Year's Best 3-Month Span About To Start

    November, December and January constitute the year's seasonally strongest 3-month period for the S&P 500, Dow Jones Industrials and the NASDAQ Composite. This seasonal strength is created by a combination of the annual, semiannual and quarterly operations of institutions and the habitual behavior of retail investors and consumers.

    The November-January 3-month span has produced a gain of 4.3% for the S&P 500 & DJIA since 1949. October-December runs a close second at 4.1% for S&P and 3.9% for DJIA. Since 1971 NASDAQ has gained a whopping 6.3% November-January with December-February in second at 5.0% and October-December in third at4.4%.

    These charts also highlight the Best and Worst Months of the year with the Best running from October/November to April/May/June and the Worst from May/June/July to September/October. Stocks have been firming up since we issued our Seasonal MACD Buy Signal to subscribers on October 8 and look poised for a solid yearend rally that continues into early 2022.

    (CLICK HERE FOR THE CHART!)
    (CLICK HERE FOR THE CHART!)
    (CLICK HERE FOR THE CHART!)

    Short Term Breadth Takes Off

    One of the points noted about the recent moves for the S&P 500 over the past few days have been on the outsized impacts of big gains or losses in names like Tesla (TSLA) or Facebook (FB). In spite of the impacts of those single names, the S&P 500's return to record highs has happened on very strong breadth across sectors. Below, we show 10-day advance-decline line charts from our Sector Snapshot.

    The 10-day advance/decline line measures the average daily number of advancers minus decliners in an index or sector over the last ten trading days. It's a short-term breadth measure that traders use to measure how extended the market is at the moment. Very high readings suggest that the market might be overbought in the near term, and downside mean reversion can be expected. Very low readings suggest the opposite -- that the market might be oversold in the near term, and upside mean reversion can be expected.

    For the broad S&P 500, the 10-day AD line has hit the highest level since February 12th. Going back to 1990, the current reading stands in the 97th percentile. Looking at each sector, most lines are also in the upper decile of readings since 1990 and only two are not currently overbought: Communication Services and Consumer Staples. Meanwhile, some like Technology and Real Estate are a full two standard deviations above the historical norm. In fact, the Tech sector's line is the most elevated relative to its respective history of any sector with the current reading in the 98th percentile of all periods. The last time that the line was as elevated as now was in November of last year. No other sector has as long of a gap in time in which it has seen levels similar to the current reading. Most other sectors have seen higher readings as recently as August or September, though current levels are nonetheless elevated. The market has had quite the run over the last two weeks, and we'd expect some sort of cool-off period soon.

    (CLICK HERE FOR THE CHART!)

    High Number of Record Highs

    Major US equity indices have returned to all-time highs in the second half of October with the S&P 500 and Dow both hitting record levels today. Meanwhile, the NASDAQ Composite is roughly a quarter of one percent away and the closest to a new all-time high since the last one on September 7th. The Russell 2,000, on the other hand, is at the high end of the past several months' range, but it is still over 2% below its high from March 15th.

    With the S&P 500 having been at new highs over the past few days, it has made 57 new all-time highs year to date. As shown in the top-left chart below, there have only been three other years in the past that have seen more record highs during the full course of the year: 2017 (62), 1964 (67), and 1995 (78). For the other major indices, the pace of record highs is less impressive but still strong. The Dow has made 38 new highs in 2021 which is more than triple the historical average. This year is on pace to see the highest number of record highs for the index since 2017 when it tied 1991 for the record of 71 closes at an all-time high. The NASDAQ Composite has also seen a solid number of highs at 36 which is well above the historical average of 19 per year historically. Given the index has been rangebound essentially all year, the Russell 2,000, conversely, has only seen 13 closing record highs. That is the same number as last year and it is actually below the average of 20 per year historically.

    (CLICK HERE FOR THE CHART!)

    Sentiment Steps Back

    The weekly sentiment survey from AAII saw a surge in optimism in recent weeks, but it took a step back this week even with the S&P 500 at new highs. Bullish sentiment fell from a recent high of 46.9% down to 39.8% this week. Outside of last week, that is still the highest level since the first week of September.

    (CLICK HERE FOR THE CHART!)

    While bullish sentiment saw a significant 7.1 percentage point drop, a relatively small share of those losses turned to the bearish camp. Bearish sentiment only rose 1.6 percentage points to 29.4%. That is still below levels from two weeks ago and is in line with the average from throughout the summer.

    (CLICK HERE FOR THE CHART!)

    The corresponding moves in bullish and bearish sentiment resulted in the bull-bear spread to fall but bulls continue to outweigh bears by 10.4 percentage points.

    (CLICK HERE FOR THE CHART!)

    As previously mentioned, the largest share of losses to bulls did not go to bears, but instead were picked up by those reporting neutral sentiment. That reading moved back above 30% this week gaining 5.3 percentage points. Again, that does not mark any sort of new high or low but instead brings sentiment back to similar levels seen only a month or two ago.

    (CLICK HERE FOR THE CHART!)

    Here are the most notable companies reporting earnings in this upcoming trading week ahead-

    (CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
    (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
    (CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES FOR THE MONTH OF OCTOBER 2021!)

    Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

    Monday 11.1.21 Before Market Open:

    (CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Monday 11.1.21 After Market Close:

    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Tuesday 11.2.21 Before Market Open:

    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #4!)

    Tuesday 11.2.21 After Market Close:

    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #4!)

    Wednesday 11.3.21 Before Market Open:

    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Wednesday 11.3.21 After Market Close:

    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #4!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #5!)

    Thursday 11.4.21 Before Market Open:

    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #4!)

    Thursday 11.4.21 After Market Close:

    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #4!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #5!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #6!)

    Friday 11.5.21 Before Market Open:

    (CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Friday 11.5.21 After Market Close:

    (CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Square, Inc. $254.50

    Square, Inc. (SQ) is confirmed to report earnings at approximately 5:40 PM ET on Thursday, November 4, 2021. The consensus earnings estimate is $0.34 per share on revenue of $4.61 billion and the Earnings Whisper ® number is $0.51 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 3.03% with revenue increasing by 51.95%. Short interest has increased by 22.3% since the company's last earnings release while the stock has drifted higher by 2.6% from its open following the earnings release to be 5.5% above its 200 day moving average of $241.27. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, October 13, 2021 there was some notable buying of 5,171 contracts of the $240.00 call and 5,065 contracts of the $240.00 put expiring on Friday, December 17, 2021. Option traders are pricing in a 6.9% move on earnings and the stock has averaged a 8.6% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Pfizer, Inc. $43.74

    Pfizer, Inc. (PFE) is confirmed to report earnings at approximately 6:45 AM ET on Tuesday, November 2, 2021. The consensus earnings estimate is $1.08 per share on revenue of $22.38 billion and the Earnings Whisper ® number is $1.19 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 50.00% with revenue increasing by 84.49%. Short interest has decreased by 11.0% since the company's last earnings release while the stock has drifted higher by 3.3% from its open following the earnings release to be 9.2% above its 200 day moving average of $40.07. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, October 27, 2021 there was some notable buying of 24,016 contracts of the $43.00 call expiring on Friday, January 21, 2022. Option traders are pricing in a 5.5% move on earnings and the stock has averaged a 2.0% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Roku Inc $304.90

    Roku Inc (ROKU) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, November 3, 2021. The consensus earnings estimate is $0.06 per share on revenue of $679.27 million and the Earnings Whisper ® number is $0.15 per share. Investor sentiment going into the company's earnings release has 76% expecting an earnings beat The company's guidance was for revenue of $675.00 million to $685.00 million. Consensus estimates are for earnings to decline year-over-year by 33.33% with revenue increasing by 50.39%. Short interest has increased by 27.6% since the company's last earnings release while the stock has drifted lower by 20.2% from its open following the earnings release to be 17.1% below its 200 day moving average of $367.92. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, October 28, 2021 there was some notable buying of 1,059 contracts of the $375.00 call expiring on Friday, November 19, 2021. Option traders are pricing in a 9.5% move on earnings and the stock has averaged a 7.7% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Moderna, Inc., $345.21

    Moderna, Inc., (MRNA) is confirmed to report earnings at approximately 6:30 AM ET on Thursday, November 4, 2021. The consensus earnings estimate is $9.01 per share on revenue of $6.45 billion and the Earnings Whisper ® number is $9.91 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1,627.12% with revenue increasing by 3,984.61%. Short interest has increased by 8.4% since the company's last earnings release while the stock has drifted lower by 15.7% from its open following the earnings release to be 40.0% above its 200 day moving average of $246.51. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, October 19, 2021 there was some notable buying of 4,278 contracts of the $340.00 call and 4,062 contracts of the $340.00 put expiring on Friday, November 19, 2021. Option traders are pricing in a 8.2% move on earnings and the stock has averaged a 4.2% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Pinterest, Inc. $44.64

    Pinterest, Inc. (PINS) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, November 4, 2021. The consensus earnings estimate is $0.23 per share on revenue of $631.55 million and the Earnings Whisper ® number is $0.28 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 76.92% with revenue increasing by 42.69%. Short interest has decreased by 17.1% since the company's last earnings release while the stock has drifted lower by 24.6% from its open following the earnings release to be 32.7% below its 200 day moving average of $66.37. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, October 20, 2021 there was some notable buying of 22,003 contracts of the $70.00 call expiring on Friday, November 19, 2021. Option traders are pricing in a 10.9% move on earnings and the stock has averaged a 19.3% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    ON Semiconductor Corporation $48.07

    ON Semiconductor Corporation (ON) is confirmed to report earnings at approximately 8:00 AM ET on Monday, November 1, 2021. The consensus earnings estimate is $0.74 per share on revenue of $1.71 billion and the Earnings Whisper ® number is $0.80 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat The company's guidance was for earnings of $0.68 to $0.80 per share. Consensus estimates are for year-over-year earnings growth of 174.07% with revenue increasing by 29.81%. Short interest has increased by 21.3% since the company's last earnings release while the stock has drifted higher by 12.0% from its open following the earnings release to be 17.9% above its 200 day moving average of $40.78. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, October 19, 2021 there was some notable buying of 7,501 contracts of the $45.00 call expiring on Friday, January 19, 2024. Option traders are pricing in a 8.6% move on earnings and the stock has averaged a 6.8% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    DraftKings Inc. $46.59

    DraftKings Inc. (DKNG) is confirmed to report earnings at approximately 7:00 AM ET on Friday, November 5, 2021. The consensus estimate is for a loss of $1.10 per share on revenue of $232.46 million and the Earnings Whisper ® number is ($1.20) per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 12.24% with revenue increasing by 75.00%. Short interest has increased by 14.7% since the company's last earnings release while the stock has drifted lower by 11.7% from its open following the earnings release to be 14.6% below its 200 day moving average of $54.53. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, October 15, 2021 there was some notable buying of 37,367 contracts of the $60.00 call and 36,163 contracts of the $40.00 put expiring on Friday, January 21, 2022. Option traders are pricing in a 7.7% move on earnings and the stock has averaged a 6.8% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Uber Technologies, Inc. $43.82

    Uber Technologies, Inc. (UBER) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, November 4, 2021. The consensus estimate is for a loss of $0.33 per share on revenue of $4.42 billion and the Earnings Whisper ® number is ($0.09) per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 46.77% with revenue increasing by 41.26%. Short interest has increased by 24.6% since the company's last earnings release while the stock has drifted higher by 8.2% from its open following the earnings release to be 11.8% below its 200 day moving average of $49.68. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, October 11, 2021 there was some notable buying of 28,016 contracts of the $37.50 put expiring on Friday, June 17, 2022. Option traders are pricing in a 8.3% move on earnings and the stock has averaged a 5.7% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Coinbase Global, Inc. $319.42

    Coinbase Global, Inc. (COIN) is confirmed to report earnings at approximately 7:00 AM ET on Friday, November 5, 2021. The consensus earnings estimate is $1.79 per share on revenue of $1.45 billion and the Earnings Whisper ® number is $2.10 per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat. The stock has drifted higher by 13.1% from its open following the earnings release. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, October 25, 2021 there was some notable buying of 2,661 contracts of the $460.00 call expiring on Friday, February 18, 2022. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 2.9% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    Digital Turbine, Inc. $86.06

    Digital Turbine, Inc. (APPS) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, November 2, 2021. The consensus earnings estimate is $0.39 per share on revenue of $306.53 million and the Earnings Whisper ® number is $0.43 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat The company's guidance was for earnings of approximately $0.38 per share on revenue of $300.00 million to $306.00 million. Consensus estimates are for year-over-year earnings growth of 178.57% with revenue increasing by 332.38%. Short interest has increased by 23.6% since the company's last earnings release while the stock has drifted higher by 29.7% from its open following the earnings release to be 21.0% above its 200 day moving average of $71.10. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, October 27, 2021 there was some notable buying of 1,045 contracts of the $65.00 put expiring on Friday, November 12, 2021. Option traders are pricing in a 12.5% move on earnings and the stock has averaged a 17.2% move in recent quarters.

    (CLICK HERE FOR THE CHART!)

    DISCUSS!

    What are you all watching for in this upcoming trading week?

    I hope you all have a wonderful weekend and a great trading week ahead r/stocks. :)

    submitted by /u/bigbear0083
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    Amazon hired 628,000 people but is still short staffed

    Posted: 30 Oct 2021 01:35 PM PDT

    https://www.marketwatch.com/amp/story/amazon-added-628-000-workers-worldwide-over-the-last-18-months-but-is-still-feeling-labor-constraints-11635519252

    "We made strong progress in Q3 to build and open new facilities and as a result for the first time since the pandemic began, we are no longer capacity constrained for physical space in the network," Olsavsky said.

    "September alone we brought online more than 100 new buildings in the United States including fulfillment centers, sort centers, and last-mile delivery stations. For the year, we expect our 2021 footprint additions to exceed last year's buildout, which was also significant."

    It is a positive development as Amazon still looking for workers and expanding the workforce. The logistic and warehouse networks are in a optimal mode now as Amazon has been invested heavily to fight off the competition. Amazon should be able to absorbs these material and labor costs easily as AWS still growing very fast and provided profit margin.

    submitted by /u/coolcomfort123
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    Short term and mid/long term stock picks?

    Posted: 30 Oct 2021 09:17 AM PDT

    Im 19yo and still relatively new to investing in stocks. I've been buying and reinvesting my earnings back into index funds for a year and now that I feel more comfortable with the market, I want to get into stocks. I was hoping if you all could guide me into sorting out my portfolio with short term, mid term, long term stock picks.

    Also, as you will see the majority of my stock picks are from the tech industry. Any suggestions on how I could diversify?

    Short term: Don't really know any good short term stocks. Really need help here on the time intervals of buying and selling short term stocks.

    Mid/long term: Please advise,

    Buying soon: - AMD: With their TSMC and hopefully soon Xilinx buy, I hope AMD kills the chip market now that Tesla, Microsoft, Sony, and Google are starting to use their chips for cloud computing, gaming, self driving/AI etc. Elon also states that the chip shortage is a short term issue.

    • Apple: Killing the consumer technology. MacOS with ARM and the whole Apple ecosystem is slowly going to kill Windows. As a college student, everyone has a MacBook, iPhone, AirPods. And a lot of people wear Apple Watches and are using iPads over notebooks for note taking. I highly doubt all of these people will switch over to Windows after graduating.

    • FB: FB knows about the amount of hate they have. They are taking steps to mitigate this, seen primarily by its rebrand. The Metaverse concept is very interesting and I'm excited to see how it will pan out, especially with collaboration on work, etc. FB has all of the tools it needs for creating the Metaverse: VR, Users, and the cash flow.

    On the fence: - PLTR: Idk if this company is a meme or not, but the governments been liking them a lot. Curious to see how they will grow with Foundry and targeting corporations.

    • TSMC: Again, these people are killing it and have tech giants contracting with them, yet the stock has been sideways this entire year… can anyone explain this?

    • ASML: Lots of room to grow, especially with their monopoly on chip production processes. Yet lots of analysts are saying that this stock is overvalued, how?

    • Google: Waiting on dip to buy — strong earnings and good future with cloud computing.

    • Costco: Need to do more research, but I love Kirkland products (sometimes more than the brand name)😂

    • Amazon: Terrible earnings report, not good Q4 expectations. Supply chain and labor issues. Sideways this whole year as the pandemic slowly dies off. Not really feeling amazon.

    Other stocks I'm thinking about but have not looked into yet: CWBR, SOFI, CMBM, ODFL, INTU, DOCN, MELI, CURI, INMD, LCID, COIN, IONQUranium/clean energy.

    submitted by /u/HopefulIvyAdmit
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    Chart-traders weekend update for swing traders (totally TA based)

    Posted: 30 Oct 2021 11:03 AM PDT

    Welcome to the weekend update!

    What a great week! We leveraged up at the bottom and have been unloading into the predicted rally. Portfolios are still biased towards a continued upmove and the current leverage is 1.6. Meaning a 10% move should make us 16% overall (also goes both ways). That's why taking profits is king. Those were the profits taken this week.

    40% URTY bought July 21 and August 19: +9.9%

    CURE +12.8% (10 trading days)

    X +20.2% (21 trading days)

    LEN +10.7% (12 trading days)

    EQIX +10% (11 trading days)

    But let's cut to the chase: Portfolios are up at least 34% year to date while the best performing US Index is up 23%. An international benchmark is only up 15% because Brazil and Asia were tanking again.

    As always there is no way to post charts on reddit/stocks so I will explain what I see!

    NDX100: It all started with the extremely low MACD readings late September and October. I had posted that it was a buying opportunity. Obviously laughed at by redditors but I like being attacked and laughed at because that means chances are I am right. Anyhow. NDX100 made 10% since the low and broke above the highs from early September. As long as we can stay above them we will continue to go higher. Expect a test of the area around 15700. I am a swing trader so I already took a profit of 15% on TQQQ. The main reason was to deleverage on the way up.

    Disclaimer: I own QQQ longterm

    Outlook short-/medium term: Bullish above 15700

    DJI: Same is true for DJI as for NDX100. Watch the 35500 level. I also realized already a 13.8% profit on UDOW.

    Outlook short-/medium term: Bullish above 35500

    S&P500: Watch 4550 level. Also broke above and confirmed bullish bias.

    Outlook short-/medium term: Bullish above 4550

    Russell 2000: This week was brutal for the Russell 2000. Wednesday the remaining bears came out swinging and pushed the Russell 2000 below the downtrendline (drawn from the highs on 6-25 and 9-2. We had argued last week that this line might be irrelevant. However I think that is is extremely relevant. Anyhow we regained it after bouncing from the 20 day AND 20 week average Thursday. Friday was the second weekly close above and the weekly candle supports a continued upmove. For deleveraging purpose I had sold 40% of URTY (bought at the lows of August 19 and Sept 21). Gain was 9.9%

    Disclaimer: I own IWM and URTY

    Outlook short-/medium term: Bullish above downtrendline and 50-/200 day average

    AAXJ: Asia had a rough week but retraced 50% of the recent upmove. It made a hammer candle and this could mean the bottoming process in Asia has matured.

    Disclaimer: I am currently overweight the regular 10% allocation to Asia

    Outlook short-/medium term: Bullish although choppy because we are in the middle of a bottoming phase

    Speculative:

    Brazil: Brazil is in dire straights!

    https://finance.yahoo.com/news/markets-reeling-brazil-deficit-fears-005715131.html

    However like with the Evergrande disaster it might be worth looking at trading opportunities here.

    Brazil was sold off with high volume 10-21 and a hammer formed with higher volume 10-22. We are in the middle of retracing the 10% upmove since then. We dropped below the 61.8% retracement. Maybe we could form a double bottom.

    Extremely dangerous situation.

    Disclaimer: 6% of my portfolio are call options on EWZ

    Outlook: Possible bottoming phase. Highly speculative.

    Overall positioning:

    Time in the market is key and therefore I am almost always 100% invested. However timing the market CAN absolutely be done. I try to beat the benchmark with margin loans, leveraged ETFs and options trading. The maximum leverage at the lows early October was 3. Now portfolios are at 1.6 and the goal is to unleverage on the way up to a goal of 1 again when we are closer to a neutral/bearish signal.

    Happy to discuss as usual. Just post in comment section.

    Happy Trades, Happy Halloween and Have a great weekend and trading week!

    submitted by /u/Chart-trader
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    Have a loser in my portfolio. How long do I wait to sell?

    Posted: 30 Oct 2021 12:58 PM PDT

    I've set aside a bit of money for my daughter's university education in the form of stocks. A third is in a tracker, there are some growth stocks, and some blue chip tech companies (not FB...fuck them).

    My one stock is a growth EV title but has done poorly. Since my time horizon is 20 years (shes 1.5 years old), would I be better off just taking the loss and putting the money into a tracker?

    submitted by /u/adamwake
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    Markets could be challenged in the week ahead as the Fed prepares to reverse easy policy

    Posted: 29 Oct 2021 07:13 PM PDT

    https://www.cnbc.com/2021/10/29/markets-could-be-challenged-in-the-week-ahead-as-the-fed-prepares-to-reverse-easy-policy.html

    The Federal Reserve is expected to announce its first big step away from the extraordinary easing policies it put in place to fight the pandemic, but the markets may react more to what it has to say about more persistent inflation. The October employment report Friday could show some improvement in hiring, as new cases of Covid-19 continued to decline. The Federal Reserve is expected to take its first major step away from the easy policy it put in place to fight the pandemic, a milestone on the road back toward normal. The Fed's two-day meeting Tuesday and Wednesday is the big event for markets in the week ahead. The central bank is widely expected to announce that it will begin to unwind its $120 billion in monthly bond purchases and end the program entirely by the middle of next year.

    submitted by /u/RefinedStrategist
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    Getting alerts for only Dividend Aristocrats I want?

    Posted: 30 Oct 2021 06:36 AM PDT

    I've recently learned about Dividend Aristocrats and want to be able to take advantage of significant dips with these companies stock and buy their shares when they "go on sale." I'm starting to make my own list of these companies that I want to keep my eye on.

    What are good ways to be notified of a huge price drop for just the stocks I'm interested in on my list? And I'm wanting the massive drops, not the daily or weekly little dips. Can I make an alert on an investment app for like, dips over 30% for the companies/stocks on my specific list? Or do I just need to follow the headlines for these companies on my own, and skim all the other alerts? I don't want to be pulled in by speculation and buzz for stuff I'm not confident and familiar with.

    I'm somewhat of a passive trader. I've only recently started putting a regular portion of my income into a Roth IRA w/ Vanguard, which is mostly ETF's like SPDR, VOO & VTI. I also use Robinhood for shorter-term, risker investments. It seems like there are endless apps and brokerages, which is somewhat overwhelming, but I'm sure one of these apps will allow me to customize and focus my alerts the way I'd like.

    Any suggestions?

    submitted by /u/marlin_fish84
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    Our family wants to build an green energy family fund with monthlyy purchases over the next 5+ years, What stocks do you recommend?

    Posted: 30 Oct 2021 05:10 AM PDT

    I finally convinced my parents to start investing, by putting money in one of their most importent topics: climate change. With everybody (4 folks) distributing the same amount each month, the risk is reduced and the upside is increased.

    We are betting that the clean energy sector will see strong support in the coming years and plan to (at least partially) finance with the hopefully good returns on those investments our own houses installation of solar roof/panels and pellet boiler.

    ​

    Im aware of ICLN and own myself already a bit, but I think im willing to bet my families money on individual companies like Enphase, SolarEdge or also some chinese manufactures.

    Any recommendations?

    submitted by /u/masteroflich
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    Aurinia ( AUPH) earnings on Wednesday also potential buyout. Keep an eye on it.

    Posted: 30 Oct 2021 11:26 AM PDT

    Aurinia the pharmaceutical company will post earnings on Wednesday, the potential could be huge with a possible buyout from Bristol Myers also rumours of a possible bidding war.

    Aurinia Pharmaceuticals is a late-stage clinical biopharmaceutical company focused on developing and commercializing therapies to treat targeted patient populations that are impacted by serious diseases with a high unmet medical need. Aurinia is actively exploring opportunities to fully realize the untapped potential of novel therapies and create meaningful impacts to meet patient needs. The Company's head office is in Victoria, British Columbia and its U.S. commercial hub is in Rockville, Maryland. The Company focuses its development efforts globally.

    Aurinia is a potential multi-billion dollar company with new drug patents which are quite profitable. Could be an interesting week. Put your eyes on it for sure.

    submitted by /u/its_coo_baby
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    Where would you put 10k today to set it and forget it?

    Posted: 29 Oct 2021 03:39 PM PDT

    I have about 10k invested in a tech-centered mutual fund. It's don't okay, but it isn't beating Nasdaq, and the fees are considerably higher. I'm not really interested in day trading, just want to stash it in another fund or maybe split it between 5-10 companies. I've been eyeing MSFT like a hawk, yet I always think it's too high. Then it jumps again!

    submitted by /u/luker_5874
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    Why are reddit stock subs, fintwit, and so many other forums so tech heavy in their discussions?

    Posted: 30 Oct 2021 05:11 AM PDT

    Whenever a user does a scrape and post stats of what stocks get mentioned it pretty much always a tech heavy list. And if there is a non-tech stock it is usually an index fund.

    Here is an example of a recent scrape on r/stocks https://www.reddit.com/r/stocks/comments/qiegcx/i_scraped_rstocks_for_the_top_ticker_mentions_in/

    submitted by /u/joethemaker22
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    should I invest in SPXL for life?

    Posted: 30 Oct 2021 07:51 AM PDT

    I'm looking at 5 year returns for SPXL and thats pretty sick. I'm thinking of just taking my IRA with $6,000 a year and putting it all into SPXL for life. Is there a reason not to? I've got 3 decades until retirement but is there something I'm missing about SPXL?

    submitted by /u/The_odd__todd
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    Bristol-Myers Squibb (BMY) - Undervalued gem or value trap?

    Posted: 30 Oct 2021 07:44 AM PDT

    BMY has slid from as high as $68 to as low as $56 in two months. DCF calculations based on analyst estimates has its fair value in triple digits, which should raise some eyebrows because, if true, then how in the world is this stock so undervalued?

    Its pipeline is diversified with numerous stage 2 and 3 drugs. Based on what I've found (and I could definitely have missed something), its next major drug patent expiration (Revlimid) is not until the middle of this decade. The biggest concern I have is the amount of debt it carries, which has turned its net income negative. Still, none of this made Warren Buffett concerned enough to sell his whole stake, although any time he takes off some shares (as he did in August), it catches people's attention.

    Anyone have any info on BMY?

    submitted by /u/ZhangtheGreat
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    Can stock direction be estimated based on large dark pool stock trades and option trades ?

    Posted: 30 Oct 2021 04:41 AM PDT

    For ex:If there is a large option trade on a particular stock, say a $2million In the money call, how to best determine if the trend is bullish or bearish ? I guess some estimates can be done based on ask or bid, time to expiry, how far itm or otm etc.

    submitted by /u/pakiprophet
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    Can we talk about Intel

    Posted: 30 Oct 2021 08:56 AM PDT

    I know that their chips are inferior to their competitors and that they are only falling further behind, but with a global chip shortage shouldn't every chip company's stock price be skyrocketing, since every manufacturer that uses chips for their products are scrambling for chips? What am I missing here? If I were an electronics or a car company I'd try to get my hands on every single chip I could, no matter from which company. So why doesn't that reflect on Intel's stock price, or chip shortage isn't that bad (yet)?

    submitted by /u/IcedAmericano99
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