>Apple hit a market cap of $2 trillion, doubling in valuation in just over two years. It’s the first publicly traded U.S. company to reach the $2 trillion milestone.
>Apple first reached a $1 trillion market cap on Aug. 2, 2018. Wall Street has largely expected Apple to be the first to surpass the $2 trillion mark. On July 31, Apple surpassed the state oil giant Saudi Aramco to become the world’s most valuable publicly traded company.
Traders and 🌈🐻, in honor of Tesla crossing to $2k Valhalla, we're trying something new. A GLOBAL premier, first-of-its-kind truly groundbreaking event, because we care and we know you don't.
We will be hosting a GPT-3 powered Elon Musk AI Monday afternoon at market close for an AMA.
Get hype and prepare your questions for Monday.
UPDATE: Due to popular demand we are rescheduling to 4:20PM Monday.
Only material posessions, no pets or living creatures.
If this isn't appropriate to the sub, feel free to exclude this, although it is a current event, notable occurrence, and/or a recent and inexplicable pattern of events or statements.
I work with sales of plumbing and related materials in Brazil. And all the major brands in my country are having constant raises (two, maybe three in august only) in their prices due to, what they claim to be, a significant raise in the prices of resin worldwide.
Some companies have put their sales team and all their sales on a complete halt. Like, nothing goes in or out. Almost a lockdown of sales, because prices will have to be readjusted (again)
Other companies are limiting the quantity of products that their clients can or cannot buy. I've been working in plumbing related fields since 2016, and I have never seem something like that
I looked for news related to that but found nothing relevant... keep reading on reddit ➡
I bought my 2013 Focus ST exactly four years ago on August 22nd, 2016. It had 64,000 miles and was a fun, nimble, and trouble-free daily driver. I paid $14,500 for the car, which felt like a steal that that time since it's an ST3 package and is painted in the glorious Tangerine Scream hero color.
Today, it has a hair under 91,000 miles. The clear is beginning to peel from the headlights, the soft paint is showing its age due to rocks, and the car is start to show its maintenance needs with things breaking. Not a big deal, especially for a car that I only have a year of payments left on.
You might have heard that the used market is booming right now. That was enough to pique my interest in getting some offers on the Focus and maybe move into something a bit more... adult? I have enough fun cars sitting around with the Lord's transmission to not feel so bad about sending my daily out to pas... keep reading on reddit ➡
"I went through the same process that most people do. I subscribed to a few investment letters and most of them didn't do too well."
That's what William O'Neil, the legendary trader and author of "How to Make Money in Stocks," told Jack Schwager in a 1989 interview for his classic "Market Wizards" series.
Out of frustration, O'Neil took the matter into his own hands. He knew a better way to trade was out there — all he had to do was uncover it. After all, he was seeing an array of fund managers crush the competition.
"Back in 1959, I did a study of the people that were doing very well in the market," he said. "At that time, the Dreyfus fund was a very small fund, managing only about $15 million. Jack Dreyfus, who managed the fund, was doubling the results of all his competitors."
O'Neil scoured Dreyfus' quarterly reports, searching tirelessly for any commonalities he could apply to his own methodology. After mapping out more than 100 of Dreyfus' stock purchase points, O'Neil hit pa... keep reading on reddit ➡
From professional investors to market handicappers, it’s becoming next to impossible to stay bearish in the face of the rally in equities.
Fund managers who went to cash when the pandemic broke out have been forced back in to stocks, pushing measures of positioning toward historical highs. Wall Street forecasters, some of whom threw up their hands in surrender four months ago, are pushing up targets each day. Even Goldman Sachs Group Inc., which once warned that bad loans and falling dividends could drive a second leg of the bear market, now sees another 6% of upside in the S&P 500.
While testament to the career pressure missing a $12 trillion rally creates, the unanimity has become one of the biggest risk factors in markets right now, with positions getting crowded as everyone is forced to buy. A custom gauge of sentiment compiled by Citigroup Inc. showed “euphori... keep reading on reddit ➡
Edit: To everyone (and in particular the person kind enough to grant the platinum award, you legend): thank you for supporting this post and again feel free to send me a message if you have any questions or comments, have a great day and best of luck with your investments.
That's right, your monthly update on the sector that the majority of people seem to hate and has a total market cap almost equal to that of Pinterest. Yes, even I was suprised about this. A sector that provides fuel for powering 20% of the entire US and around 10% of all power generation globally has a combined market cap equivalent to a website where you can look for pictures of furniture (extremely simplified but you get the point).
But I digress, for those of you who have not read my previous updates and DD, here is a general market analysis and five stock suggestions, [here](https://amp.reddit.com/r/investing/... keep reading on reddit ➡
jnj, v, brk.b, fb, googl, msft, amzn, aapl.
I study a classic useless Liberal Arts degree at a fancy institution and I’ve become very accustomed to the scoffs and jokes about my “unemployable” future. I know. I’ve accepted it. I used to get a lot of anxiety about this stuff, worrying about my life 5 years from now. I used to wonder if there’s something wrong with me for wanting to put a gun to my head after looking at the kind of internships, grad roles and training schemes that are available. Most of them are boring financial services roles, consulting jobs that involve useless administrative tasks, PR work and more.
But then I read some of this book called “Bullshit Jobs” by David Graeber. And it really did encapsulate everything I have secretly believed about the job force for much of my life so far. No matter how many people tell me “smart students will go onto work smart jobs in banking or law or the civil service” I cannot help agreeing with Graeber that most of these jobs actually have close to zero impact on society and... keep reading on reddit ➡
Disclaimer: This is neither financial nor trading advice and everyone should trade based on their own risk tolerance. Please leverage yourself accordingly. When you're done, ask yourself: "Am I jacked to the tits?". If the answer is "yes", you're good to go.
We're probably experiencing the wildest markets in our lifetime. After doing some research and listening to opinions by several people, I wanted to share my own view on what happened in the market and what could happen in the future. There's no guarantee that the future plays out as I describe it or otherwise I'd become very rich.
If you just want tickers and strikes...I don't know if this is going to help you. But anyways, scroll way down to the end. My current position is TLT 171c 8/21, opened on Friday 7/31 when TLT was at 170.50.
This is a post trying to describe what it means that we've entered the "dollar standard" decades ago after leaving the gold standard. Furthermore I'll try to explain how the "dollar standard" is the... keep reading on reddit ➡
You’re thinking about buying but the price just keeps going up and up so you’re waiting for a pull back but it doesn’t happen.
For some reason the market goes against your decisions. It’s taunting and laughing at you. It’s chosen you specifically and while Yahoo convos question “I don’t get it—why is this stock down today?” you know why.
Always buy, hold, stop looking at it every second, and stop making Reddit threads when you’re down 2%.
Think about it: prices drop when people sell because they're worried about the price falling, which is the fear of everyone else selling and them being left as bag holders.
If everyone is a bull, they don't sell, the market doesn't go down. If we only buy then prices go up and we all make money.
Literally can't go tits up.
Edit: apparently the shitpost flair has not clued you people into the fact that this is a joke. If this is representative of the sub's ability to analyze information I understand why you always buy high and sell low
The U.S. International Development Finance Corp. says it is holding up a loan agreement with Eastman Kodak (NYSE:KODK) to produce drugs that could be used to fight the coronavirus until allegations of insider trading are cleared.
"Recent allegations of wrongdoing raise serious concerns," DFC said late Friday in a tweet.
Last month, the government agency signed a letter of intent that could provide the former photography company a $765M loan to help pay for factory changes needed to make pharmaceutical ingredients in short supply in the U.S.
But last week, Democrat U.S. senators asked the SEC to investigate whether insider trading laws had been broken, citing "unusual trading activity" before the deal was announced, and the [SEC... keep reading on reddit ➡
Was just perusing YouTube, as one does when the markets are closed. This guy is clearly a top level autist. He knows who we are...
According to the popular market cap to GDP ratio, the U.S. stock market, collectively, is about 77.0% overvalued. Despite the worst economic backdrop since the Great Depression, stocks have held up reasonably well since the March 23 bottom. While it’s true that the stock market has disconnected from the underlying economy, it has also done so in the past. With such an extreme level of overvaluation, it does beg the question, “Are we witnessing the formation of another bubble?”
Stock Valuation-How it Works
One of the more popular methods used to determine if U.S. stocks are undervalued or overvalued is the market cap to GDP ratio. This ratio compares the total market cap of all U.S. publicly traded stocks with GDP. More specifically, it calculates the total value of the outstanding shares of all U.S. domiciled, publi... keep reading on reddit ➡
Quick snippet from the first paragraph in the article:
>Fannie Mae and Freddie Mac announced Wednesday evening that they will now be charging a 0.5% adverse market fee on all refinances, including both cash-out and non-cash-out refis. The new fee goes into effect Sept. 1.
If you have a refinance in progress, you'll want to see about getting the closing/settlement accelerated before Sept. 1 ASAP. For all others, it's likely too late.
Edit: Just to clarify - I believe if you have your rate locked, then you may (?) be okay and the lender would have to absorb this fee. Best to call the lender tho (even if you have your rate locked) to be sure.
WMT Market cap: 369.768B
TSLA Market cap: 373.065B
TSLA market cap 420.69B when? Tesla needs to reach a stock price of 2257.4 $ to reach the funny number market cap. I think this is achievable by next friday. Papa Musk will deliver.
Secure your tendies today and buy some juicy calls
Edit 1: It's 388.907B now, daddy musk has made 3B today.
I have no problems with real estate investors in general. My father and grandfather were both in real estate so I understand the allure. What I have a problem with is the inexperienced investors who watch a TV show and think they're Armando Montelongo (gag). I've looked at quite a few "flips" and it's appalling what kind of work is being done to these places. I've been a tradesman for 20+ years and it kills me to see the damage people are doing to some of these homes. And since the market is so hot, people actually pay top-dollar for less than acceptable
craftsmanship hack work. I've been in a few flips that needed 75% of the work redone. And they were listed nearly $100k above purchase price. Realtors are making great money, investors are making great money, meanwhile, prices keep going up while value goes down. It's just disheartening.
If we're ignoring 4 door coupes (CLA), SUV coupes (Mitsubishi Eclipse), and hatches (Mini cooper), 2021 will be the first year the US market won't have a FWD coupe since at least 1966.
in 1966, the Oldsmobile Toronado was launched as the first American FWD coupe. Since then, FWD coupes were a mainstay in the US auto market, but in recent years, even the last few entries disappeared - The Mini Coupe, Accord Coupe, Forte Koupe, Altima Coupe, and Eclipse Coupe were some of the last holdouts, with the Civic Coupe being the absolute last one. But as the Civic coupe won't be returning for 2021, for the first time since at least 1966, there will not be a FWD coupe available in America next year.
PS: I think there should be still a few FWD coupes left outside of America. Is the A5 available with FWD in some markets?
I’m going to get shot down for this, but it’s really for some of my friends and peers. It’s basic economics really, if you don’t bother to understand what the demands for certain skills are in the market and can’t get a job because you decided to study Cultural Egyptian food making, then don’t be mad when you can’t get hired as a result of that degree.
I’m sorry but I do not understand graduates who think it’s a failure of the job market when their niche and not in demand degree does not get them a job. Its all about demand and supply, if there is a demand for engineers, you’re going to likely be hired vs a degree which has no demand or very limited headcount.
It’s not unfair, it’s basic workings of business and economies. If a business started making cat shit flavoured muffins and complained the market was broken because nobody was buying it in the masses, you would call the business owner a fucking idiot.
Don’t do a degree in the Historical Arts of dolphin mating if there are o... keep reading on reddit ➡
UPDATE 8/12 11pm: I had a chance to go over how the original creator prefers to use this indicator. Let me be the first to say I butchered the explanation. In my defense, when I saw yesterday morning that shit looked like it was about to get real froggy real fast, I decided it was probably better to just get it out there even though I hadn't touched my notes for months. If it could mean potentially saving someone's calls I really don't mind shooting from the hip. So I've tried to edit the post the best I can for clarity. Also, a couple of you TA guys are sending me questions like I have "The Crayola Kid" tattooed on my ass. I like using TA/indicators but I don't live and die by the crayons. I think there's others here who could help more with that but I'm happy to help if I know the answer.
Disclaimer: I did not invent this indicator or find this correlation. All credit goes to a very intelligent trader on Twitter named Kerberos007 who might be borderline obsessed with findin... keep reading on reddit ➡
This question seems to come up frequently and I will provide one of many plausible answers below.
The short answer : Because it is a less efficient way to solve the problem.
The long answer: Now while it might be in a capitalists interest for socialists to use the least efficient methods possible, it is not in the interest of socialists to risk their money and labour on a system which produces a financial crisis every other decade and is at the whim of intergovernmental organizations(e.g, imf , world bank, ECB), multinationals and central banks.
The smarter move is to invest time and money toward the creation of parellel systems and support networks. Counter-power and counter-economics is key. The result of this is that it will make it easier for regular non-socialists to join the cooperative sector without having to commit themselves to an ideological framework.
Only once it makes financial sense for a normal person to participate can a system grow organically, and this d... keep reading on reddit ➡
I told my dad to buy ADBE back in 2017 and he doubled his money. I told my dad to buy TCEHY back in april of 2020 and it’s up 40% now. So for my 16th birthday tomorrow he opened up a custodial account for me and gave me all 10 shares of TCEHY that he bought joking about how i have a “good track record” and telling me that there’s no point in putting my money in the bank if i don’t have any financial responsibilities. I just put in an additional $400 of my own money from my last two mcdonalds checks. What should i buy with that? I’m thinking AMD. also i know that $400 is not a lot of money, i just want to see what other people think.
Dude I am so excited for this. Chipotle is usually my go-to whenever I'm out and about and this cauliflower rice would change my life. People in Denver and Wisconsin should try it out and let us know what they think!
Hi everybody 22F here. Two years ago I became the owner of my family’s summer house. It was bought by my now deceased grandfather when my grandmother and him first got married (in the 50s) and my mother, my uncles, my aunts, my cousins, my sisters and I have all spent a lot of time there until about 5 years ago due to the house needing repairs. It was in my grandmother’s name but she could no longer afford it so my family had asked me if I could put it in my name and take over the payments. I said yes, contingent on the fact that we would all put effort in to do the repairs/chip money in to hire somebody for repairs so that I could actually spend time there.
At the time the house needed a lot of work including residing, redoing the roof, replacing piping, ect. In the last two years, nobody has made an effort aside from me to fix the house and it’s only gotten in worse shape. The many repairs it needed has turned into many more. 2 trees fell on the house resulting in the deck needing... keep reading on reddit ➡
Intel (INTC) - bought at $57, now at $50
UBER - bought at $35, now at $31
Wells Fargo (WFC) - bought at $32 now at $26.5
Duke Energy (DUK) - bought at $84, now at $82
Exxon (XOM) - bought at $46, now at $43
That's all. Anyway keep outperforming the market guys!