Stock Market, Business, and Investing General - News, Tips, etc

[Moneymaker Degen]

Why do day trading niggas always just invest in tesla, google etc? Whenever I come across a 90k subs verified certificed wigga, they just juggle tesla and such companies. Never "oh i found this up-and-coming" or whatever.

Because these companies sit on somewhat reliable fundamentals and the daily downswings that might occur for many different reasons are great opportunitys to snag 2-4% gains

 

[Fascist Kirk]

Gold new all time high

Lennar and DHI down 10 percent. guess no one is buying these particle board Immigrant built 500k houses. ooof

 

[Darkholme's Dungeon]

More news out of China...

China's central bank conducts reverse repos Tuesday​

BEIJING, Oct. 29 (Xinhua) -- China's central bank conducted 382.8 billion yuan (about 53.7 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.5 percent Tuesday.

The move aims to keep liquidity reasonable and ample in the banking system at the end of the month, the central bank said.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Politspreging Xi tells CPC to double down on reforms for the economy​

BEIJING, Oct. 29 (Xinhua) -- Chinese President Xi Jinping on Tuesday called for pooling strength to advance reform in a steady and sustained manner, as he addressed senior officials attending a central Party school study session.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks at the opening of the study session at the Party School of the CPC Central Committee (National Academy of Governance) for principal officials at the provincial and ministerial level.

The session is themed on implementing the guiding principles of the third plenary session of the 20th CPC Central Committee, which rolled out a new package of comprehensive reforms for the country.

Xi pointed out that China's efforts to advance reforms on all fronts in the new era have yielded substantial results across practical, institutional and theoretical dimensions, representing one of the most monumental chapters in the nation's journey of reform and opening up.

He emphasized that the reforms are guided by clear principles. Core commitments include upholding the Party's overall leadership, adhering to Marxism, adhering to socialism with Chinese characteristics, and upholding the people's democratic dictatorship, focusing on fostering social equity and enhancing people's well-being in everything the authorities do.

Xi asserted that these principles must remain unwavering, regardless of circumstances.

He also highlighted the need to uphold the unity of reform and the rule of law, bolster the rule of law through reform, advance reform in the domain of law-based governance, and continuously improve the system of socialist rule of law with Chinese characteristics.

Xi underscored the need to uphold the unity of reform and opening up, steadily expand institutional opening up, take the initiative to align with high-standard international economic and trade rules, deepen reform in foreign trade, foreign investment and outbound investment management system, and foster a first-class business environment that is market-oriented, law-based and internationalized.

Xi stressed that leading officials, especially senior officials, should strive to open new horizons for reform and development rather than shying away from risks and challenges.

It is essential to build broad consensus and mobilize all positive factors to advance reforms, Xi said.

All regions and departments must implement the existing and incremental policies and strive to achieve the annual economic and social development goals, he noted.

The opening session was presided over by Li Qiang, and attended by Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi, who are all members of the Standing Committee of the Political Bureau of the CPC Central Committee. Vice President Han Zheng also attended the opening session.

Xi's speech is of great significance to solidifying confidence and pooling strength for advancing reforms, and will help ensure the effective implementation of various reform measures, said Li Qiang.

It is essential to grasp the core principles and practical implications of Xi's speech, and to implement reform measures with creativity, Li added.

New "Smart factory" pilot program push​

BEIJING, Oct. 29 (Xinhua) -- China will conduct a gradient (progressive) cultivation campaign for the country's smart factories, according to a circular.

The circular, jointly issued by the Ministry of Industry and Information Technology (MIIT) and five other government authorities, stated that gradient cultivation for the smart factories will be carried out at four levels.

Since the beginning of the 14th Five-Year Plan (2021-2025) period, departments including the MIIT have implemented an intelligent manufacturing project, successfully cultivating a number of high-level and iconic smart factories.

The project has also motivated more than 10,000 manufacturers around the country to carry out the construction of digital workshops and smart factories.

Establishing the gradient cultivation system for smart factories will drive the formation of a safe, controllable and complete high-level supply system for the intelligent manufacturing sector. It will also help establish more complete intelligent manufacturing standards and an evaluation system, the ministry said. ■

 

[FiveStarAce]

Opinions on Amazon Stocks for the long run? I put some pocketchange into it every now and then and it seems like an okay investment so far.

 

[Waifu Denier]

Opinions on Amazon Stocks for the long run? I put some pocketchange into it every now and then and it seems like an okay investment so far.

It depends mostly on how you think AWS will continue. Amazon's retail business is like most retail businesses, very high revenues, very high expenses, very low profit margins. Amazon Prime is a loss leader for them, subsidizing the shipping alone drains most of the direct revenue from subscriptions. The big cash cow is AWS, high margin and accounts for a large share of total profits. The question is can they continue being the market leader with competition from Microsoft Azure, etc, and how they can continue expanding the data center market in general. Oh, and also if they can avoid big flops like quite a few Amazon Prime shows or Twitch.

 

[Hollywood Hulk Hogan]

A few months back, TSLA hit as low as $140. I kept buying the stock one day, then freaking out and selling the next, going back and forth like that. Luckily, I eventually decided to just hold on to it because I wanted to vote for Elon Musk in that shareholder thing. Now I can't care less about the price honestly I just buy.

lol why would you buy TSLA just to vote for money, from TSLA, to go to Elon? You literally bought a stock then voted for the stock to become less valuable to make a billionaire richer.

I just bought some GOOG calls that expire in February. We will see how that goes. Only about 0.002% of my portfolio but still

 

[DSP's Tax Lawyer]

The jobs numbers coming out are terrible. Right before an election too

 

[Hollywood Hulk Hogan]

The jobs numbers coming out are terrible. Right before an election too

Eh probably doesn't affect the election. People who don't have a job already know they don't have a job and are already aware of how they'd vote.

 

[12345678901]

You literally bought a stock then voted for the stock to become less valuable to make a billionaire richer.

It increases Elon Musk's control over Tesla, which in turn increases the company's value.

 

[DSP's Tax Lawyer]

Eh probably doesn't affect the election. People who don't have a job already know they don't have a job and are already aware of how they'd vote.

It keeps things as they are. The Harris camp was probably hoping for a good report to save her campaign but it’s just not happening

 

[Hollywood Hulk Hogan]

It increases Elon Musk's control over Tesla, which in turn increases the company's value.

He is already CEO, though. His control isn't more or less based on him having an extra $50 billion in stock.

It keeps things as they are. The Harris camp was probably hoping for a good report to save her campaign but it’s just not happening

I don't think her campaign needs saving but we shall see. I don't think it moves things one way or the other whether good or bad.

 

[geckogoy]

He is already CEO, though. His control isn't more or less based on him having an extra $50 billion in stock.

Well no, obviously the CEO has to do whatever the shareholders tell him to

 

[Darkholme's Dungeon]

Eh probably doesn't affect the election. People who don't have a job already know they don't have a job and are already aware of how they'd vote.

I also don't think that people who were out-of-work would switch sides like most think en masse. It'll only motivate them to actually vote for their long time preferences of party with some minor defections to the non-incumbent.

 

[TheRedChair]

Just shifted 1/3 of my cash holdings into 4.49% 6 month Treasury Bond.
Will be doing another 1/3 in another 10 days as my CD's Matured.

And then will be looking on what is going to happen next after the Trump win.

Do not think everything is all peachy.

I've already stated that I'm not making any additional profit after my NET 5% this year.

And I've had 4 years of +20% additional profits.

This is how bad our ecomomy really is as I've got a damn good idea on how it is going.
It's by my investments into income property that gives me a snap shot on how things are going in my regions I deal with.

But I am still pondering on what is going to be the next counter strike by the Dem's who are still in power right now.

Which is why I've made the 2/3's of my cash holdings into conservative investments.

 

[John Badman]

Donald win
Stonk go up
It’s that simple

I bought at $21 on Monday, I’ll hold until it’s above $100 in 2027

 

[DSP's Tax Lawyer]

Donald win
Stonk go up
It’s that simple
View attachment 6616636
I bought at $21 on Monday, I’ll hold until it’s above $100 in 2027

There’s also speculation of rate cuts so, factor that in

 

[Fascist Kirk]

there vis no inflation, there will be no landing, every commodity etf bond or magic internet money will go up! lol never seen jerome powell get grilled like this ..... Buy all the things!

 

[John Badman]

It keeps going up. I’m so hard. I got in before the rally.

I’m at $27 if I hit $30 before closing I’m going coom.

 

[Fascist Kirk]

Deficits don't matter, deflation is a sin, lines go up WOOOOO!

In my autistic opinion the new found love for everything musk is not about tsla, its about the space program and starklink

 

[DJ Grelle]

Deficits don't matter, deflation is a sin, lines go up WOOOOO!

In my autistic opinion the new found love for everything musk is not about tsla, its about the space program and starklink

The truth is that SpaceX is just very impressive.
If you went back twenty years and told everyone that an entrepreneur would create a company that built reusable, 100ton to LEO, stainless steel rockets they'd declare you insane.
The ability to hold fast to his vision and tardy wrangle engineers is great man tier.

Yeah some of his projects don't work or fall flat - but the same was true for some of Brunel's inventions and he's considered the greatest engineer Britain has ever had.