Stocks - r/Stocks Daily Discussion Wednesday - Nov 17, 2021 |
- r/Stocks Daily Discussion Wednesday - Nov 17, 2021
- Amazon to stop accepting Visa Credit Cards Issued in UK
- Nvidia easily beats earnings expectations on strong gaming and data center sales
- Target tops earnings estimates, but shares fall as retailer focuses on keeping customer prices low
- Here is a Market Recap for today Wed, November 17, 2021. Please enjoy!
- Not kidding: Lingerie/underwear company Naked Brand merge with EV auto maker Cenntro Automotive and soared
- Stocks that people said were "Too overvalued" that just kept going up for years and years?
- Now that both TGT and WMT have had pullbacks after reporting earnings, is it a good time to buy more shares.
- Canoo and rumored Walmart deal
- Housing starts slip nearly 1%, falling short of expectations
- Losers - When to Let Go
- During a gold rush, sell shovels
- Impact of Black Friday on retail and e-commerce stocks
- Maxeon Earnings $Maxn Solar tech - What solar stocks do you have?
- Draftkings move?
- Nvidia Reports Earnings Today. Here’s What to Expect
- Is Tattooed Chef a meme stock now?
- V vs. PYPL vs. GPN
- VFV up today and S&P 500 down
- Metaverse ??
- Here are seven stocks on the move Wednesday
- Disney rebound?
- Hedge Funds Annual Returns
| r/Stocks Daily Discussion Wednesday - Nov 17, 2021 Posted: 17 Nov 2021 02:30 AM PST 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] |
| Amazon to stop accepting Visa Credit Cards Issued in UK Posted: 17 Nov 2021 04:58 AM PST Amazon (AMZN) is to cease accepting payments made by UK-issued Visa (V) credit cards from next year, it has been revealed. The online retail giant blamed the decision on high fees charged by Visa to process transactions. The changes will come into effect as early as 19 January 2022, Bloomberg first reported, citing information that Amazon had shared with its customers this week, after they had purchased items. $V down approx 3.25% in the pre-market. Thoughts? [link] [comments] |
| Nvidia easily beats earnings expectations on strong gaming and data center sales Posted: 17 Nov 2021 01:30 PM PST Revenue: $7.1 billion versus $6.81 billion expected. Earnings per share: $1.17 versus $1.11 expected. Gaming revenue: $3.22 billion versus $3.18 billion expected. Data Center revenue: $2.94 billion versus $2.69 billion expected. The company's stock was up more than 3% following the report. "The third quarter was outstanding, with record revenue," Nvidia CEO Jensen Huang said in a statement. "Demand for NVIDIA AI is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies. NVIDIA RTX has reinvented computer graphics with ray tracing and AI, and is the ideal upgrade for the large, growing market of gamers and creators, as well as designers and professionals building home workstations." The company also issued a bullish forecast for revenue in the current quarter ending in January. Nvidia said it expects to report around $7.4 billion in the current quarter, ending in January, higher than analyst expectations of $6.86 billion. https://finance.yahoo.com/news/nvidia-q-3-earnings-2022-203256956.html https://www.cnbc.com/2021/11/17/nvidia-nvda-earnings-q3-2022.html (I took the guidance from here) [link] [comments] |
| Target tops earnings estimates, but shares fall as retailer focuses on keeping customer prices low Posted: 17 Nov 2021 04:37 AM PST https://www.cnbc.com/2021/11/17/target-tgt-q3-2021earnings.html Earnings per share: $3.03 adjusted vs. $2.83, expected Revenue: $25.65 billion vs. $24.78 billion Target topped earnings for the fiscal third quarter, as seasonal moments like Halloween and back-to-school boosted sales. The retailer raised its forecast, saying that comparable sales could rise at between a high-single digit and low double-digit pace in the holiday period. CEO Brian Cornell said the company is focused on value as prices of food, gas and more rise and consumers face sticker shock. This is another non tech stock that always outperform. The e-commerce operations have been improved and getting competitive advantages against Walmart and Amazon. The management teams are dealing with inflations perfectly and will be able to pass those to customers. [link] [comments] |
| Here is a Market Recap for today Wed, November 17, 2021. Please enjoy! Posted: 17 Nov 2021 01:57 PM PST PsychoMarket Recap - Wednesday, November 17, 2021 Stocks mostly drifted lower to hover below record levels, as market participants further digested yesterday's US retail sales report and new corporate earning results from major retailers, which provide further data into consumer spending patterns amid supply-chain disruptions. Here are some key numbers for today
The Department of Commerce released their monthly Retail Sales Report, which showed better than expected consumer spending trends as the holiday season, by far the busiest in the year, continues to play out. Here are the numbers
The solid report suggests that high inflation is not dampening consumer spending. Rising household wealth, thanks to a strong stock market, house prices, and rising wages appear to be cushioning consumers against the highest annual pace of inflation in roughly thirty years. Steven Wieting, Citigroup's Global Wealth Chief Investment Strategist said, "The markets generally are looking at it [the pace of inflation], benignly - they are not discounting some longer-term inflation of more than 2.5%. You can see this in the pricing out on the yield curve of Treasuries. You can see this in the composition of the market with growth stocks not really being beaten down by any concerns about some lurch higher, tightening of monetary policy. We think that story is largely correct – it's benign for markets. It doesn't mean we get to repeat the returns from the past year, however." Today, Target (TGT) and Lowe's (LOW), two major retailers in the US, both reported better than expected earnings. This comes on the heels of both Walmart (WMT) and Home Depot (HD) both reporting strong earnings results earlier in the week. Here are the numbers (second number were analyst expectation): Target (TGT): "With a strong inventory position heading into the peak of the holiday season, our team and our business are ready to serve our guests and poised to deliver continued, strong growth, through the holiday season and beyond," said Target Chairman and CEO Brian Cornell in a statement.
Lowe's (LOW): "Our momentum continued this quarter, with U.S. sales comps up nearly 34% on a two-year basis, as our Total Home strategy is resonating with the Pro and DIY customer alike. In the quarter, we drove over 16% growth in Pro and 25% on Lowes.com. We also delivered operating margin expansion by driving productivity through disciplined operational execution and cost management", said Lowe Chairman, President, and CEO Marvin Ellisoln.
Highlights
"Live as if you were to die tomorrow. Learn as if you were to live forever." - Mahatma Gandhi [link] [comments] |
| Posted: 16 Nov 2021 06:08 PM PST It was over a week ago. The companies are not very well known like Lucid or Rivian but I'm calling market top for EV companies.
[link] [comments] |
| Stocks that people said were "Too overvalued" that just kept going up for years and years? Posted: 17 Nov 2021 02:55 PM PST Off this year alone, I could count 90% of analysts saying to wait till AFTER earnings to buy Costco bc they always fell, and of course for the first time they actually went up after earnings and never went back down. Never got in a position in it and kicking myself. Same with NVDA. But I have a huge stake on it but again people said it would probably tank after earnings, was a meme stock is massively overvalued and is up 3% AH after beating on everything. What others historically were like this? Apple? Amazon? [link] [comments] |
| Posted: 17 Nov 2021 09:09 AM PST Now that both TGT and WMT have had pullbacks after reporting earnings, is it a good time to buy more shares. Considering both companies had good earning reports. It's interesting to see the pullback. I always look at the fourth quarter or December is the holy Grail for retailing. The analyst in Pondens all had comments as to why the pullback occurred. Walmart is the most intriguing since CEO Doug McMillan said that he basically did not raise prices in order to help the consumer. They have not performed as well over the last 24 months as target has. Do you consider both of them a good buy? For the record I am quite a few shares of Walmart going back almost 30 years but no shares of Target. Are there any other retailers you would consider buying as a long-term hold. [link] [comments] |
| Canoo and rumored Walmart deal Posted: 17 Nov 2021 04:20 AM PST Canoo ($GOEV) is up 23% this morning due to rumors that it has landed Walmart as a partner. This rumor started because Canoo moved its headquarter to Bentonville, the home of Walmart headquarters. Canoo also teased during its earnings call that it will be building some prototypes for an unnamed partner, which of course the internet jumped on the idea that it must be Walmart. I'm a little skeptical of this, since Walmart already has other car partners like Ford and Gatik. Does it make sense to add Canoo? My thesis is that Canoo is a decent speculative stock even if it doesn't have this Walmart deal. There's lots of other tailwinds such as:
Possible cons:
Possible discussion topics:
Disclosure: I bought some Canoo this morning, and I kinda like their aesthetic. [link] [comments] |
| Housing starts slip nearly 1%, falling short of expectations Posted: 17 Nov 2021 06:14 AM PST U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.52 million in October, representing a 0.7% decrease from the previous month, the U.S. Census Bureau reported Wednesday. Compared with October 2020, housing starts were up 0.4%. The pace of permitting for new housing units increased in October, however. Permitting for new homes occurred at a seasonally-adjusted annual rate of 1.65 million, up 4% from September and 3.4% from a year ago. Economists polled by MarketWatch had expected housing starts to occur at a median pace of 1.63 million and building permits to come in at a median pace of 1.58 million. [link] [comments] |
| Posted: 17 Nov 2021 11:11 AM PST This is a variation on some of the older questions asked here... I'm not alone when I ask: If you have a basket of stocks, and some of them are heavily down, and you're holding a bag that doesn't look like it's going to heal any time soon, at what point do you just let go? I'm embarrassed to say that within my portfolio I have two loser, speculative stocks seemingly run by people who would be investigated for fraud in another world: a speculative biotech stock, and a company that rhymes with Schmirfin Spalactic. I'm down 60-70% on each. At one point do you decide, let me hold on to a 4 digit amount that used to be a 5 digit amount, 'just in case' it's a lottery ticket that pops one day in the future, and at what point do you decide personally to hold your nose and throw the stocks into the river? TLDR; 25K becomes 3K, do you hold the 3K as a lottery ticket or just sell and swallow your pride. [link] [comments] |
| During a gold rush, sell shovels Posted: 16 Nov 2021 10:10 PM PST During a chip rush (due to EV, mining, metaverse), what are the relevant chip suppliers companies? I know TSM is a big one but they are a Taiwan company. I'm looking for a US one. I know Intel and Qorvo have their own in house fab and as an IC designer I had my designs fab at Qorvo and Global Foundries too. But which companies are the main suppliers for this chip rush? [link] [comments] |
| Impact of Black Friday on retail and e-commerce stocks Posted: 17 Nov 2021 10:17 AM PST Since we're a week away from Black Friday, how do these retail and e-commerce stocks like Walmart, Shopify, Target, Costco, Amazon etc react just before and after Black Friday? Has anyone observed any kind of a historical pattern? The reason I'm asking is all of them report big sales during this period...so, does it positively impact the stock immediately or do we have to wait for Q4 earnings? [link] [comments] |
| Maxeon Earnings $Maxn Solar tech - What solar stocks do you have? Posted: 17 Nov 2021 02:55 PM PST https://newsfilter.io/a/8eaa73b560569146927c90329bd2816d Earnings out for Maxeon Solar. - Growth across Europe Downsides: This seemed like an insanely good Earnings call to me. Most solar stocks have reported really good numbers indicating a good future for this sector? What are your thoughts for the Maxeon holders ( and other solar stock holders) [link] [comments] |
| Posted: 17 Nov 2021 09:59 AM PST So i bought in on draftkings at about 53 a while back and they have tanked but i have been holding for march madness earnings. Question is do i buy in more while its below 40 or do i hold on what i have and just try to get what i can back and invest my money somewhere else. [link] [comments] |
| Nvidia Reports Earnings Today. Here’s What to Expect Posted: 17 Nov 2021 02:08 AM PST Nvidia is set to report third-quarter earnings results after the market closes on Wednesday. With shares hovering around record highs, it will take a blockbuster report to move the needle for investors. Nvidia stock rose 0.6% to $302.03 in Tuesday trading. Shares surged earlier this month as investors bought in on hype surrounding Nvidia's financial prospects amid billions in investment, most notably from Facebook 's newly rebranded parent Meta Platforms (FB), to build a theorized next phase of the internet called the metaverse. Not even renewed scrutiny in the U.K. related to its proposed acquisition of chip designer Arm could stop the graphics card stock's 131% year-to-date run. For the third quarter, analysts polled by FactSet forecast adjusted earnings of $1.11 a share and sales of $6.82 billion. The earnings report or outlook may need to be a blowout for the stock to continue rising. Though 34 of the 43 analysts listed by FactSet have Buy or equivalent ratings, the stock's mean price target is $280.70. Bullish analysts will either need to raise their targets or downgrade the stock if shares hold above their targets. https://www.marketwatch.com/articles/nvidia-stock-earnings-preview-51637101805?mod=mw_latestnews [link] [comments] |
| Is Tattooed Chef a meme stock now? Posted: 17 Nov 2021 09:08 AM PST First they delayed earnings literally 10 minutes before they were supposed to come out initially. When earnings did come out, they were leaked 1 hour before market even closed. They missed on revenue, eps and even lowered guidance. Despite all of this, they're up over 14% right now. Am I missing something or this stock essentially a meme stock now? [link] [comments] |
| Posted: 17 Nov 2021 06:14 AM PST As title says, all of above stocks is associated/related in the financial sector. These are getting hit hard lately and I think it might be a good time to buy the dip. All of them looks pretty solid in the long term and offers a decent growth. If you have to pick one stock to invest above then what is your pick? why? [link] [comments] |
| Posted: 17 Nov 2021 12:22 PM PST Hey I have a small position in VFV, a Vanguard ETF that (I thought) followed the S&P 500. Today one is up and the other is down. Is this due to the currency exchange rate changing between CAD and USD? Or is VFV not actually directly linked to the S&P, but indirectly linked? can someone help me understand what is happening here? [link] [comments] |
| Posted: 16 Nov 2021 10:47 PM PST Is the industry at large grossly overestimating people's appetite to spend X amount of time in a video game? I actually watched facebook's entire presentation on meta. I've also been in what other companies are referring to as "metaverses" currently such as Roblox, second life etc. Am I missing something here? I used to be an avid gamer myself. But my current age I dont have the mental or physical will power to play a game when I get home. I'm just tired as hell. Its been a drag for my significant other, since we were both avid gamers together. But its just the reality.. I'm way too tired to play anything on the weekends. Luckily, I just spectate whatever she's playing and I guess I get my gaming fix there. The question remains though. I know my anecdotal experience isnt going to be very useful but I'm just wondering how everybody else feels. I saw the FB meta video, all +1 hour of it, and I just thought.. wow. Who would want to be logged into a video game with that shit on your face for multiple hours?? Is it just me? Am I just an old fart? It also vaguely reminds me of the 3d movies phase as well. Everybody thought we'd be lining up to see these 3d movies forever but people quickly got tired of that too. [link] [comments] |
| Here are seven stocks on the move Wednesday Posted: 17 Nov 2021 08:51 AM PST Visa (ticker: V) stock dropped 5.3% after Amazon.com (AMZN) said it will stop accepting Visa U.K. credit cards because of the card issuer's high fees. Target (TGT) stock dropped 5.1% after the company reported a profit of $3.03 a share, beating estimates of $2.83 a share, on sales of $25.65 billion, above expectations for $24.78 billion. TJX Cos. (TJX) stock rose 8.7% after the company reported a profit of 84 cents a share, beating estimates of 81 cents a share, on sales of $12.5 billion, above expectations for $12.3 billion. Lowe's Cos. (LOW) stock gained 2% after the company reported a profit of $2.72 a share, beating estimates of $2.36 a share, on sales of $22.9 billion, above expectations for $22.1 billion. Roku (ROKU) stock fell 8.8% after getting downgraded to Sell from Neutral at Moffett Nathanson. Tesla (TSLA) stock was up 2.5%, building on gains of 4.1% Tuesday, as the stock continues to rally after coming under pressure amid the sale of shares by CEO Elon Musk. Nvidia (NVDA) stock fell 1.5% ahead of earnings coming later in the day. https://www.marketwatch.com/articles/stock-market-today-51637145406?mod=mw_quote_news [link] [comments] |
| Posted: 17 Nov 2021 07:58 AM PST Now disney is fairly stable of a company so im not gonna sit here and say its gonna plummet to 0. But after the huge decrease after quarterly reports alot of analysts are lowering their projection. So what im here to ask you is do you think disney will start to rebound this month keep going down or plateau? Im a firm believer in the mouse and ive already bought the dip but next paycheck im thinking if its my best bet to buy in again or to go with something like paypal. [link] [comments] |
| Posted: 17 Nov 2021 07:16 AM PST Hello, is there a website where I can find the annual return of multiple hedge funds starting 2011? I tried to google this but couldn't find anything. Most websites offer information for last 3 years. [link] [comments] |
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