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    Stocks - r/Stocks Daily Discussion & Options Trading Thursday - Dec 16, 2021

    December 16, 2021

    Stocks - r/Stocks Daily Discussion & Options Trading Thursday - Dec 16, 2021

    r/Stocks Daily Discussion & Options Trading Thursday - Dec 16, 2021

    Posted: 16 Dec 2021 02:30 AM PST

    This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme and/or post your arguments against options here and not in the current post.

    Some helpful day to day links, including news:

    Required info to start understanding options:

    • Call option Investopedia video basically a call option allows you to buy 100 shares of a stock at a certain price (strike price), but without the obligation to buy
    • Put option Investopedia video a put option allows you to sell 100 shares of a stock at a certain price (strike price), but without the obligation to sell

    See the following word cloud and click through for the wiki:

    Call option - Put option - Exercising an option - Strike price - ITM - OTM - ATM - Long options - Short options - Combo - Debit - Credit or Premium - Covered call - Naked - Debit call spread - Credit call spread - Strangle - Iron condor - Vertical debit spreads - Iron Fly

    If you have a basic question, for example "what is delta," then google "investopedia delta" 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.

    See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.

    submitted by /u/AutoModerator
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    Visa's board OKs $12 billion share buyback

    Posted: 15 Dec 2021 11:55 PM PST

    Visa Inc. V, +1.11% said in a filing late Wednesday its board has authorized a new $12 billion share repurchase program. Combined with funds left over from a previous authorization, funds available for future share repurchases total $13.2 billion, Visa said, with no expiration date. Shares of Visa rose 0.9% in the extended session Wednesday, after ending the regular trading day up 1.1%.

    https://www.marketwatch.com/story/visas-board-oks-12-billion-share-buyback-2021-12-15?mod=mw_latestnews

    submitted by /u/rodriq04
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    Stem Inc to acquire Also Energy Holdings Inc for $695 million

    Posted: 16 Dec 2021 06:58 AM PST

    Acquisition to combine two software-focused renewable energy companies leading the energy transition.

    Accretive transaction expected to accelerate Stem's growing, recurring software revenue and increase margins.

    Underscores Stem's focus on expanding global reach and delivering high-margin software products to front-of-meter and commercial & industrial customers.

    Expands assets under management by 32.5 GW and international presence to 50+ countries.

    Click here for full news article

    submitted by /u/L3G4L_4SS4SSIN
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    What is your play for the interest rate hikes that will happen next year?

    Posted: 16 Dec 2021 09:54 AM PST

    It is now known that we will face interest raise hikes during the first half of next year and beyond. My question for you fine folks is: do you have a play to try to benefit from the interest hikes, I've recently purchased 2 leaps on XLF for March 2022 and have been holding $C as it declines hoping that interest rates might result in a rally. What are yall up to?

    submitted by /u/clear_haze
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    BOE Surprises With First Hike in Crisis to Curb Inflation

    Posted: 16 Dec 2021 04:26 AM PST

    From Bloomberg:

    "The Bank of England unexpectedly raised interest rates for the first time since the pandemic struck, setting aside the threat to the U.K. economy posed by record coronavirus cases to become the most high-profile central bank to take on surging inflation.

    Officials led by Governor Andrew Bailey voted 8-1 to lift borrowing costs by 15 basis points to 0.25%, delivering an increase that no other Group of Seven central bank has made since the start of the crisis. Silvana Tenreyro was the sole dissenter. Policy makers said more "modest" tightening is likely to be needed as inflation heads toward a peak likely to be around 6% in April.

    The pound rallied as much as 0.8% while U.K. 10-year yields jumped 5 basis points after the decision. Traders now see the BOE's key rate rising to 1% by September.

    The U.S. Federal Reserve already set a hawkish tone on the eve of the BOE announcement by signaling three rate hikes next year and accelerating the wind down of its stimulus program, while Norway kept up its own tightening effort on Thursday with its second increase this year.

    The BOE's precipitous shift into tightening mode will surprise the large majority of economists who anticipated no change, and investors who were pricing in around a 40% chance of a move. The outcome was the second in a row featuring a surprise after November's decision to stay on hold wrong-footed financial markets.

    The BOE hike is a response to the danger posed by surging prices gains, with a report this week showing inflation jumped to 5.1% in November -- more than double the central bank's target -- and a separate report Tuesday showing U.K. companies added to payrolls at a record pace.

    Considering that backdrop, Goldman Sachs Group Inc. Chief European Economist Jari Stehn told Bloomberg Television just hours earlier that an outcome of no change was "not a done deal," even though it was his main expectation."

    Thoughts?

    submitted by /u/aquaBluu
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    Investors flocking to defensive sectors.

    Posted: 16 Dec 2021 09:49 AM PST

    So, the last couple of days, I've noticed the market is changing hands. Looks like investors are starting to move from Tech to defensive stocks. You can literally see it happening on heat maps of the market. Who's holding their picks vs rebalancing? Thoughts?

    submitted by /u/Toytacoman
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    Potential big tech stocks shopping list today

    Posted: 16 Dec 2021 11:34 AM PST

    The nasdaq is dropping about 2.5% as of right now and there are many good quality big tech stocks that could be adding to investors long term portfolio. Stocks such as amzn, aapl, adbe, msft, googl, nvda, fb and crm are some good example. Investors should be keep holding and avoid panic selling, long term investors will be the eventually winners.

    submitted by /u/coolcomfort123
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    Negativity around Reddit's IPO is loaded with bias.

    Posted: 16 Dec 2021 02:36 AM PST

    It's very similar bias to what a Chicago native will speak on Portillos being a public company - they feel so at home with the product that they feel comfortable critiquing it, despite being a regular customer.

    I study Metaverse and social media investments and am greatly looking forward to Reddit's IPO.

    In my view, the future of Reddit is going to be deeper focus in it's subreddit communities. The CEO is on record saying it looks up to Roblox's community model of game creators (subreddit owners) and players (posts/comments)

    In my view, Reddit going public isn't going to be some advertising nightmare for consumers. That part happened years ago when Reddit focused on mobile. Reddit is going to focus on content creation and getting subreddits more active with incentives.

    For example, Roblox has engagement based payouts for games, where the creator is paid based on time spent in a game. How much of your time on Reddit is spent on a few subreddits?

    I'm also fascinated with how much redditors are willing to spend on digital goods on this app. I think we will soon see a Reddit marketplace that we aren't really expecting too.

    I'm really excited for this and Im going all in along with Block for 2022.

    submitted by /u/notbrokemexican
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    Why did equities go up after the Fed announcement yesterday?

    Posted: 16 Dec 2021 01:15 AM PST

    Yesterday the Fed announced 3 interest rate hikes to tackle inflation in 2022. This hawkish move pushed the stock market up after nearly a week of constant decline.

    Why didn't this push the stock market down further? My understanding is that if there are planned interest rate hikes, this tends to decrease equity valuations so the market goes down. Can someone explain why it went up?

    submitted by /u/rksagu218
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    (12/16) Thursday's Pre-Market Stock Movers & News

    Posted: 16 Dec 2021 05:26 AM PST

    Good morning traders and investors of the r/stocks sub! Welcome to Thursday! Here are your pre-market stock movers & news on this Thursday, December 16th, 2021-

    Dow futures up 200 points following Fed decision to aggressively wind down asset purchases

    U.S. stock futures rose sharply in early Thursday trading after the Federal Reserve signaled it would be aggressive on tapering and sees three interest rate hikes in 2022.

    Futures on the Dow Jones Industrial Average jumped about 222 points. S&P 500 and Nasdaq 100 futures added 0.7% each.

    Shares of companies that have done well in previous rate-hiking cycles led premarket gainers. Materials stocks FMC Corp. and Freeport-McMoRan both rose more than 3% ahead of the opening bell. Bank stocks also rose across the board, with JPMorgan Chase, Citigroup and Bank of America all up about 0.6%.

    In transportation news, Delta Air Lines reported that it now expects to see a profit of $200 million in the fourth quarter, after previously projecting a loss. Shares rose 2.2% on the news.

    In other central banking news, the Bank of England announced it is hiking its key policy rate by 15 basis points to 0.25%. Markets were awaiting a separate policy decision from the European Central Bank. There also is more economic news on tap, with weekly jobless claims and housing starts out at 8:30 a.m. ET.

    Following the Fed news, traders accelerated their own expectations for interest rate increases. Fed funds futures trading now points to a 63% chance of the first quarter-percentage-point increase coming in May 2022, with chances also rising to about 44% that the central bank could make its first move as soon as March, according to the CME FedWatch Tool.

    Stocks traded in negative territory throughout the regular session Wednesday and turned higher ahead of Fed Chairman Jerome Powell's press conference in the afternoon at the conclusion of the two-day Federal Open Market Committee meeting. The Dow added 383 points, or 1.08%. The S&P 500 rose 1.63% and the tech-heavy Nasdaq Composite jumped 2.15%.

    "The fact that the FOMC acknowledged new COVID variants as a threat to the economic recovery that could alter policy going forward, as well as the generally optimistic tone from Powell in the presser, helped spark a relief rally as the Fed meeting was viewed as being not-as-hawkish-as-feared," Tom Essaye of the Sevens Report said in a note on Thursday.

    The Fed will begin reducing the pace of its asset purchases in January and buy just $60 billion of bonds each month going forward, compared to $90 billion in the month of December. That decision follows recent inflation data showing a 6.8% surge in November, which is higher than expected and the fastest rate since 1982.

    "The notion that elevated inflation levels would be transitory has finally been thrown out the window by the Fed and the latest policy adjustments are reflective of a committee that doesn't want to miss the next train leaving the station," said Charlie Ripley, senior investment strategist for Allianz Investment Management.

    Health-care stocks UnitedHealth and Amgen gained ground Wednesday, rising 3.1% and 2.6%, respectively.

    Adobe and Accenture are scheduled to report quarterly earnings before the opening bell. FedEx and Rivian will report after the bell.

    STOCK FUTURES CURRENTLY:

    (CLICK HERE FOR STOCK FUTURES CHARTS!)

    YESTERDAY'S MARKET MAP:

    (CLICK HERE FOR YESTERDAY'S MARKET MAP!)

    TODAY'S MARKET MAP:

    (CLICK HERE FOR TODAY'S MARKET MAP!)

    YESTERDAY'S S&P SECTORS:

    (CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

    TODAY'S S&P SECTORS:

    (CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

    TODAY'S ECONOMIC CALENDAR:

    (CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

    THIS WEEK'S ECONOMIC CALENDAR:

    (CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

    THIS WEEK'S UPCOMING IPO'S:

    (CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

    THIS WEEK'S EARNINGS CALENDAR:

    (CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    (CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

    EARNINGS RELEASES BEFORE THE OPEN TODAY:

    (CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

    EARNINGS RELEASES AFTER THE CLOSE TODAY:

    (CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #4!)

    YESTERDAY'S INSIDER TRADING FILINGS:

    (CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)

    TODAY'S DIVIDEND CALENDAR:

    ([CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!]())

    (N/A.)

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Delta Air Lines (DAL) – Delta rose 2.3% in the premarket after projecting a $200 million fourth-quarter profit. Consensus forecasts were predicting a quarterly loss for Delta, but the carrier said it is seeing strong holiday demand and it is on the path toward exceeding pre-pandemic profit levels.

    STOCK SYMBOL: DAL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Accenture (ACN) – The consulting firm's shares surged 6.7% in the premarket after it reported better-than-expected profit and revenue for its latest quarter, and raised its earnings guidance for fiscal 2022. Revenue rose by more than 20% across the four biggest industry groups in Accenture's customer base.

    STOCK SYMBOL: ACN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Regeneron Pharmaceuticals (REGN) – The drugmaker's shares declined 1% in premarket trading after it said its antibody cocktail loses potency against the omicron Covid-19 variant. Regeneron did say that the cocktail is effective against the delta variant.

    STOCK SYMBOL: REGN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Lennar (LEN) – Lennar reported quarterly earnings of $3.91 per share, below the $4.15 consensus estimate, and the homebuilder's revenue also fell short of forecasts. Lennar was hurt by higher lumber costs as well as increased labor costs and shortages of raw materials, resulting in delayed home deliveries. Lennar tumbled 6.3% in premarket action.

    STOCK SYMBOL: LEN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Novartis (NVS) – Novartis launched a new share buyback program worth up to $15 billion, with the drug maker planning to complete those repurchases by the end of 2023. Shares jumped 4% in premarket trading.

    STOCK SYMBOL: NVS

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Visa (V) – Visa rose 1.1% in the premarket after announcing that it added $12 billion to its share buyback program, bringing the total amount of its repurchase authority to $13.2 billion.

    STOCK SYMBOL: V

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    J.M. Smucker (SJM) – Smucker struck a deal to sell its natural beverage and grains businesses to private equity firm Nexus Capital Management for $110 million, with the food producer saying it wanted to focus more resources on its core brands.

    STOCK SYMBOL: SJM

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Intuitive Surgical (ISRG) – Intuitive Surgical was added to the "conviction buy" list at Goldman Sachs, which points to the company's pending launch of a new surgical system. Shares added 1.2% in the premarket.

    STOCK SYMBOL: ISRG

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    AT&T (T) – Morgan Stanley upgraded AT&T to "overweight" from "equal-weight," saying a recent slide by the stock creates an attractive risk-reward profile. The firm said there are several other key factors driving the upgrade, including the pending completion of the WarnerMedia/Discovery merger. AT&T gained 1.5% in premarket trading.

    STOCK SYMBOL: T

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Petco Health (WOOF) – The pet products seller's stock added 1.9% in the premarket after Needham began coverage with a "buy" rating. The firm feels Petco should outperform competitors in the pet category, given its presence in multiple channels including veterinary hospitals.

    STOCK SYMBOL: WOOF

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Shopify (SHOP) – The e-commerce platform operator rallied 2.9% in premarket trading after Evercore upgraded it to "outperform" from "in line." Evercore noted that the stock is about 20% below its year highs and that the company represents a high-quality asset in terms of growth opportunities.

    STOCK SYMBOL: SHOP

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    FULL DISCLOSURE:

    /u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.

    DISCUSS!

    What's on everyone's radar for today's trading day ahead here at r/stocks?

    I hope you all have an excellent trading day ahead today on this Thursday, December 16th, 2021! :)

    submitted by /u/bigbear0083
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    what are your predictions for best sector performance next year?

    Posted: 16 Dec 2021 01:25 AM PST

    Materials? Industrials ? Financials? Healthcare? Tech? Cyclicals?

    Tech seems to be not the best idea moving forward imo and I am looking more at more "boomer" type stocks next year as tapering comes into play. Yes, the tech growth stocks can still perform well, but I also intend to play very heavily into the cyclicals and re-opening trade and if another variant pops up, I will double down.

    I also continue to hear how great financials will do, but I need to still wait on that and would rather continue to play into industrials and even materials despite inflation possibly slowing down in 2022.

    Homebuilders continue to be a great pick and I expect to see continued out performance from them in 2022.

    submitted by /u/BurnerBurnerBurns20
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    DraftKings stock Merger

    Posted: 16 Dec 2021 03:28 AM PST

    I just received an email this morning from Fidelity letting me know that Draftkings is Merging with Golden Nugget online gaming. Can someone explain what this means for the stock going forward? Did they merge because they are crushing it and are getting bigger or because they aren't doing well and need to combine forces with another entity? Thanks in advance for the responses.

    submitted by /u/steady_mobbin
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    Market Makers !

    Posted: 16 Dec 2021 11:48 AM PST

    Todays price action in the market almost seems like its manipulated.

    It feels that large part of the big whales were expecting much more hawkish comments from Fed and when they didn't get it, the market suddenly went away from what they were trying to do ... and that is spread FUD.

    Today, seems like the want to make everyone feel that we are still in the bear trend, and want to scare everyone away after a really brilliant fed message yesterday. If you scare away investors after a bullish message, they will likely not come in for long and their puts can keep printing money.

    I have no other explanation for todays market. Its just crazy, how this goes up and down 3% on a daily basis.

    Even if we fast forward to end of 2022 and we have 3 rate hikes, Fed funds rate would still be under 1% and that should be insanely bullish for any economy. Its just crazy how the market is try to play on everyones fear right now. It just doesnt make sense.

    submitted by /u/amoottake
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    r/Stocks Daily Thread on Meme Stocks Thursday - Dec 16, 2021

    Posted: 16 Dec 2021 04:00 AM PST

    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:

    • Problem Gambling: Call/Text: 1-800-522-4700 or chat online now.
    • Crisis Hotline (24/7): 1-800-273-TALK (8255) (Veterans, press 1) or Text "HOME" to 741-741
    submitted by /u/AutoModerator
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    What's going on with Remitly (RELY)?

    Posted: 16 Dec 2021 10:57 AM PST

    Hi, Remitly is a software company that allows you to transfer money overseas.

    I'm sort of a newbie to the investing world, so I want to understand why their stock only goes down. They IPOed 3 months ago, and since then, their stock went from $52 to $18. I bought $70 worth of stock in November.

    I see that their revenues have been increasing at a good rate. They are losing money, but so are most of the companies in that stage. I see they have a bunch of competition, but who doesn't? They have a strong buy rating on Yahoo finance and a 100% buy rating on Robinhood. I've personally used it and they have a good product and the best rates for currency conversion. But everyday I look at it, I just see red. Why?

    submitted by /u/Notsonone
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    How to build an even portfolio?

    Posted: 16 Dec 2021 07:40 AM PST

    Of all the investment tools out there that I've found I cannot quite find a single one that helps me properly create a portfolio that shows me the percentages of where I need to put cash into in order to stick with my target allocations.

    For example. If I want to put cash into 25% stock A, 25% stock B, 50% stock C. There's seemingly no tool for me to know how how much I need to put into each one other than doing it manually in an spreadsheet (I'm terrible with making spreadsheets and math)...and even then I'd only know how much I'm off by. This example is really simple but if I had 25 other stocks/MF's I'd want to invest in it becomes way more complicated and I don't have any idea how to simplify all of this.

    The only tools i've found are more high level like "put x% into total cap, small cap, bonds, stocks, etc" but nothing lets me select individual stocks & funds.

    To be clear, I mean to keep these percentages of the stock quantity not total cash value.

    Any recommendations?

    submitted by /u/Genoism
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    $NAKD + Cenntro Automotive expects to invest $25 million in the facility and to begin assembling vehicles in the first quarter of 2022.

    Posted: 16 Dec 2021 01:37 AM PST

    JACKSONVILLE, Fla., Dec. 15, 2021 (GLOBE NEWSWIRE) leading EV technology company with advanced, vehicles, has selected Jacksonville, Florida for its first U.S. based manufacturing facility. The Jacksonville City Council unanimously approved the economic development deal on December 14h for the proposed 100,000- square-foot facility Company's production of its vehicle lines, with additional vehicles and a battery packing operation. facility is expected to create up to 34 new jobs including research and development specialists, positions and administrative support. The new facility will support annual production levels of over 50,000 vehicles within four years testing distribution and administrative functions. Cenntro Automotive expects to invest $25 million in the facility and to begin assembling vehicles in the first quarter of 2022.

    submitted by /u/Someone748
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    Reddit Files Confidentially for IPO Social media company says in blog post it filed paperwork with SEC to go public.

    Posted: 15 Dec 2021 11:26 PM PST

    Most recently, the company announced that it had raised a $700 million round in August 2021 at a valuation of more than $10 billion. The social media company did not make the filing publicly available. The company also did not say how many shares would be offered nor the price range for the proposed offering.

    Although Reddit was created in 2005, it has taken a unique road toward going public.

    Conde Nast Publications acquired Reddit in 2006. The social media services remained a part of the publication company until it was made an independent subsidiary in 2011. Since then, it raised a series of funding rounds from venture capital firms.

    Reddit Inc. is considering ways to make its share offering more accessible to individual investors as it plans to go public, Chief Executive Steve Huffman said.

    Mr. Huffman the market is evolving in a way that makes it easier for even small investors to buy into new offerings, he said at The Wall Street Journal's Tech Live conference Monday. It is often difficult for individual investors to buy into hot initial public offerings. "I want our users to be shareholders, and I want our shareholders to be users," Mr. Huffman said at the conference, which the Journal hosted virtually with top executives.

    submitted by /u/Guy_PCS
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    How can the US stock market keep going up like this?

    Posted: 15 Dec 2021 10:40 PM PST

    Other than a little amount I had in some meme stocks, I have just had my money in a savings account paying a huge 0.6% interest!

    I would like to build a portfolio of stocks, rather than just keep the money in a low interest savings account, especially when you look at inflation and see the gains being made in the stock market right now, but I really struggle to see how this market isn't prone to crash at any moment.

    When you look at it, it just goes up and up and up, like way higher and more extreme than anything I can see from previous crashes.

    But... I don't know enough about the stock market to know if this has the makings of a crash, other than the price rapidly increasing so fast. If you look at the other markets across the World since the drop caused by Covid, they have recovered, but they are nothing like the US stock market.

    Should I just be patient and wait, or should I look into investing in other markets, or should I just pick an ETF an invest now?

    I know they say time in the market is better than timing the market.

    Thanks

    submitted by /u/whattodo424
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