Investor’s Advantage Corp Founder and President John Grace joins Yahoo Finance’s Seana Smith to discuss the market outlook as investors weigh reopening concerns.
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On Monday the S&P/ASX 200 Index (ASX: XJO) started the week in sensational form. The benchmark index stormed 1.3% higher to 5,461.2 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
It looks set to be a weaker day of trade for the Australian share market on Tuesday. According to the latest SPI futures, the ASX 200 is expected to fall 20 points or 0.4% at the open. This follows a mixed night of trade on Wall Street which saw the Dow Jones fall 0.45%, the S&P 500 trade flat, and the Nasdaq index jump 0.8%.
Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could be under pressure today after oil prices dropped lower. According to Bloomberg, the WTI crude oil price fell 0.8% to US$24.54 a barrel and the Brent crude oil price dropped 3.1% to US$30.97 a barrel. Oil prices dropped lower despite Saudi Arabia announcing plans to cut its production further.
Gold miners including Evolution Mining Ltd (ASX: EVN) and Newcrest Mining Limited (ASX: NCM) will be on watch after the gold price tumbled lower. According to CNBC, the spot gold price fell 0.75% to US$1,701.01 an ounce. Investors were buying the U.S. dollar ahead of gold on second wave fears.
The Incitec Pivot Ltd (ASX: IPL) share price will be on watch today when it returns from its trading halt. The chemicals company placed its shares in a trading halt on Monday after the release of its half year results and the launch of a $600 million capital raising. Incitec Pivot reported earnings before interest and tax (EBIT) of $159 million, up 34% on the prior corresponding period. In respect to its capital raising, it is aiming to raise its $600 million at $2.00 per new share. This represents an 8.7% discount to its last closing price.
The Cochlear Limited (ASX: COH) share price is overvalued according to analysts at Goldman Sachs. In response to its update on Monday which revealed that sales were down 60% in April because of the pandemic, Goldman Sachs has reiterated its sell rating and $156.00 price target. It commented: “Whilst elective surgeries appear to be resuming ahead of our expectations, the trajectory of recovery also appears to be shallower.”
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Sorry if this is the wrong place to post this.
I'm thinking about getting started in the stock market but before I do I want to educate myself as much as possible. There's so much information out there – it's hard to know what to read. I'd like to ask you to share what books helped you when you were a beginner. Whether the topic was about mentality, strategy, mistakes, or not about investing – if it helped you become a better investor I'd like to know about it.
Thank you very much for your time!
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Overview: With the wide spread availability of trading applications there came a number of retail traders who dove into trading without knowing the power of reading and understanding company SEC filings. SEC filings can provide critical indicators ("indicators" not "guarantees") as to a companies past and future performance. These documents can be an essential tool in helping an investor gauge whether to buy or sell a security. The purpose of the following entry is to provide a brief introduction to some of the most pertinent SEC Forms.
Why Read SEC Forms?: An important part of doing your due diligence on a company before you invest is checking out their most recent and historical SEC filings. These filings, if read and assessed properly with other market signals, may be a good indicator of a companies financial strength and institutional and insider confidence. For example, a microcap or smallcap trader will want to assess how long a company can remain financially viable without releasing another offering, or perhaps, assess at what price an investor may exercise a previously issued warrant. A midcap and largecap investor might want to know what institutions and insiders are buying, and to what extent a company is growing revenue. In short, learning to read and analyze SEC Forms (combined with other market conditions) will give you a competitive advantage as a trader.
EDGAR: There are a number of ways an investor can look up company SEC filings. However if you want to go straight to the horses mouth you go to the SEC's Electronic Data Gathering, Analysis, and Retrieval system; otherwise known as "EDGAR." I recommend simply typing in the ticker of your choosing into the "Fast Search" feature. From there you can find all of a company's SEC filings. If you really wanted to get savvy you can see all of your companies SEC filings as they are instantly filed by using your favorite RSS feed app. That's how right! for your convenience the SEC has an RSS feature for practically anything you want to look for. That way you will be among the first to be alerted when a company you're tracking files with the SEC. And just to think there are websites that charge for this kind of alert feature! Like most alerting software, its just a rip off for something you can otherwise get for free.
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On Saturday, Tesla filed a lawsuit against Alameda County for not allowing the company to restart operations at its factory based in Fremont, California, and CEO Elon Musk threatened to move Tesla’s headquarters to Nevada or Texas. By Monday, multiple reports emerged that employees were spotted at the factory, and that Tesla began making cars again. The Final Round panel discusses what’s next for the automaker.
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Buy the rumour? momentum strong! https://candlr.com/2020/05/11/amc-entertainment-stock-rises-on-speculation-of-amazon-talk/
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source https://www.reddit.com/r/StockMarket/comments/ghujl5/amc_amzn_buy_the_rumour/