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Us Stocks Pick Alert - Investment (32) - Nairaland

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My Stock Plays in US Stocks Market / Buying US Stocks From Nigeria / Here’s How To Invest In US Stocks From Nigeria (2) (3) (4)

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Re: Us Stocks Pick Alert by OakPearl(m): 9:08am On Apr 17, 2020
abuhusna1:

Oakpearl I am grateful for the positive news on gilead. I am so selling apple to buy it and go back apple with the money if it works as plan cos i still can not forget how chlorox made some people a grewt fortune
Please don't stop hinting us only God can reward you and others.

We are grateful for the news too especially for those already in Gilead.
I however would advise you exercise caution in order to make the best decision.
Pause for a while and ask yourself this question: "Why did I buy Apple"?
If your answer has not changed materially, then keep your Apple for the purpose you bought it.
Then look for an alternative source of funds for your Gilead or at most don't sell all your Apple off.
Truth is before you are able to buy Gilead, it would have gained a lot today, because it is always very difficult getting a stock low when it is the subject of attention.
By the way, the mere news there is something close to a cure for covid-19 is likely to give the entire stock market a lift of which most good stocks will benefit.
Las las final decision is yours as you remain the CEO of your portfolio.
Keep winning bro.

6 Likes 1 Share

Re: Us Stocks Pick Alert by OakPearl(m): 9:10am On Apr 17, 2020
ViVaMadrid:


What website or app is this? I like the UI

www.cnbc.com

1 Like

Re: Us Stocks Pick Alert by OakPearl(m): 10:04am On Apr 17, 2020
STOCK FOCUS:
The US government has agreed to provide airlines with $25 billion in bail out funds.
70% of the money will be grants that do not need to be paid back! The deal is that the airlines that agree to the deal will not lay off employees until at least September.

We had discussed airlines on this forum where I stated how they shall be good to pick up just before covid-19 is over. The time for them to flourish is still far but this news will attract some quick gains.
Amongst those on my watch list are:
American Airlines - AAL ($11.07)
Delta Airlines - DAL ( $22.78)
United Airlines - UAL ( $28.21)
South West Airlines - LUV ( $30.68)

Watch how they gain today based on this news.
N/B: This is not a buy or sell recommendation.
Do your due diligence.

3 Likes

Re: Us Stocks Pick Alert by Lalaska(m): 10:14am On Apr 17, 2020
seakomol:
Do you have any reference as regards the taxman frowning against trading in your TFSA account?

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/open-a-tfsa.html

This indicates you can buy and sell. Its called self-directed TFSA
It is called day trading. See below
https://www.google.com/amp/s/business.financialpost.com/personal-finance/stop-using-your-tfsa-to-frequently-trade-stocks-the-cra-may-see-it-as-business-income/amp
Re: Us Stocks Pick Alert by YerYer: 3:01pm On Apr 17, 2020
Moderna (MRNA) is up 14% today after it was announced that the US Govt awarded the company up to $483M to accelerate the development of COVID-19 vaccine. I bought an April 17th $30 call contract 2 months ago; basically I was predicting that before today 04/17, the stock price will rise past $30, the higher it goes, the more profit I make. I bought the call option since february 26th and the stock traded below $30 throughout March but then on 04/15 it finally shot up to $38 and I was relieved to see the call option go from loss to a gain of 52% or $264 and I quickly sold. I woke up this morning to see the stock had risen 14% overnight after the good news. Needless to say that call option I sold two days ago is now worth $1,690 (see screenshot), so my gain would've been $955 or 230%. I don't regret selling earlier because for over 6 weeks the trade was in the red, plus I had two days remaining before the trade expires. Sometimes you just have to be comfortable with your decision to take profit even if the stock keeps climbing. I would've been angry though If I sold at a loss and it shoots up afterwards.

8 Likes

Re: Us Stocks Pick Alert by YerYer: 3:03pm On Apr 17, 2020
OakPearl:


STOCK FOCUS: GILD ($76.54)
The ETF that tracks the S&P 500 rallied in after-hours trading today after a report said a Gilead Sciences drug was showing effectiveness in treating the coronavirus.

Gilead Sciences shares surged by more than 15% in after-hours trading Thursday after an industry publication said Covid-19 patients being treated with the company’s antiviral drug Remdesivir appear to have “rapid recoveries in fever and respiratory symptoms.” 

Gilead holders get set for a good ride tomorrow.
I hold some position here too; so I guess am gonna be a part of the jolly ride. grin

Nice gains bro. I wonder If this means the stock market has bottomed and should start moving higher.
Re: Us Stocks Pick Alert by OakPearl(m): 5:40pm On Apr 17, 2020
YerYer:
Moderna (MRNA) is up 14% today after it was announced that the US Govt awarded the company up to $483M to accelerate the development of COVID-19 vaccine. I bought an April 17th $30 call contract 2 months ago; basically I was predicting that before today 04/17, the stock price will rise past $30, the higher it goes, the more profit I make. I bought the call option since february 26th and the stock traded below $30 throughout March but then on 04/15 it finally shot up to $38 and I was relieved to see the call option go from loss to a gain of 52% or $264 and I quickly sold. I woke up this morning to see the stock had risen 14% overnight after the good news. Needless to say that call option I sold two days ago is now worth $1,690 (see screenshot), so my gain would've been $955 or 230%. I don't regret selling earlier because for over 6 weeks the trade was in the red, plus I had two days remaining before the trade expires. Sometimes you just have to be comfortable with your decision to take profit even if the stock keeps climbing. I would've been angry though If I sold at a loss and it shoots up afterwards.

Nice details.
Great escape from a near loss position.
Re: Us Stocks Pick Alert by kenneth6901: 5:58pm On Apr 17, 2020
Hello Gurus, I don't seem to get whats going on with "Chesapeake Energy" though I made complains to Bamboo's customer agent already but I wanna know if anyone experiencing such presently, I had 256 shares with them but two days ago, it reduced to 2 shares without sale from my end.... Please how much does a "CHK share worth now?
Re: Us Stocks Pick Alert by OakPearl(m): 6:43pm On Apr 17, 2020
kenneth6901:
Hello Gurus, I don't seem to get whats going on with "Chesapeake Energy" though I made complains to Bamboo's customer agent already but I wanna know if anyone experiencing such presently, I had 256 shares with them but two days ago, it reduced to 2 shares without sale from my end.... Please how much does a "CHK share worth now?

Currently trading at $4.23.

Re: Us Stocks Pick Alert by thesilentone(m): 6:45pm On Apr 17, 2020
kenneth6901:
Hello Gurus, I don't seem to get whats going on with "Chesapeake Energy" though I made complains to Bamboo's customer agent already but I wanna know if anyone experiencing such presently, I had 256 shares with them but two days ago, it reduced to 2 shares without sale from my end.... Please how much does a "CHK share worth now?

Are you inferring that your shares are missing from your account? That is not a trivial allegation to make. I'll suggest you get a detailed explanation from them.

1 Like

Re: Us Stocks Pick Alert by kenneth6901: 7:24pm On Apr 17, 2020
thesilentone:


Are you inferring that your shares are missing from your account? That is not a trivial allegation to make. I'll suggest you get a detailed explanation from them.


Oh yes am awaiting for response from them.
Re: Us Stocks Pick Alert by kenneth6901: 7:30pm On Apr 17, 2020
OakPearl:


Currently trading at $4.23.


The figures is really misleading, I have read $15.23 on a couple of websites this evening and even on Trove and Bamboo itself. Just few mins to typing on here, I read its trading at $0.13" on another website.
Re: Us Stocks Pick Alert by seakomol: 7:38pm On Apr 17, 2020

1 Like 1 Share

Re: Us Stocks Pick Alert by thesilentone(m): 7:44pm On Apr 17, 2020
kenneth6901:



The figures is really misleading, I have read $15.23 on a couple of websites this evening and even on Trove and Bamboo itself. Just few mins to typing on here, I read its trading at $0.13" on another website.

There are 7 different tickers for Chesapeake Energy: CHK, CHK.PD, CHKDP, CHKDH, CHKDG, CHKVP, CHKDJ.
That explains the different prices you're being quoted

1 Share

Re: Us Stocks Pick Alert by kunlef1: 7:59pm On Apr 17, 2020
kenneth6901:



The figures is really misleading, I have read $15.23 on a couple of websites this evening and even on Trove and Bamboo itself. Just few mins to typing on here, I read its trading at $0.13" on another website.

Try to find out if the company consolidated their stocks recently. The current price vs initial price will show. I noticed that with one of my stocks - Scorpio Bulkers (SALT) - recently, as my 100 shares reduced to 10 overnight, but the price per share also increased about 10 folds. If you are on Trove, there is likely to be a news about this in their newsfeed section. Otherwise just Google the news about the company. If this is the case, it will be automatically changed on your portfolio. The platform has no influence on this.
Re: Us Stocks Pick Alert by Etimnaic(m): 8:06pm On Apr 17, 2020
OakPearl:
STOCK FOCUS:
The US government has agreed to provide airlines with $25 billion in bail out funds.
70% of the money will be grants that do not need to be paid back! The deal is that the airlines that agree to the deal will not lay off employees until at least September.

We had discussed airlines on this forum where I stated how they shall be good to pick up just before covid-19 is over. The time for them to flourish is still far but this news will attract some quick gains.
Amongst those on my watch list are:
American Airlines - AAL ($11.07)
Delta Airlines - DAL ( $22.78)
United Airlines - UAL ( $28.21)
South West Airlines - LUV ( $30.68)

Watch how they gain today based on this news.
N/B: This is not a buy or sell recommendation.
Do your due diligence.
Nice pointer, although I bought few shares of AAL when it sold at $9, just as you've said due diligence. Despite the $25B released as bail out for the airlines which would be duly shared amongst them, it's worthy of note to mention the debt situation on ground. As most of the airplanes acquired by AAL were the Boeing 737 Max which got grounded due to their crash issues, this burnt their hands making them incur long term debts amounting to AAL: $21.5B, DAL: 8.9B, UAL: 13.1B, LUV: $1.8B.
It's a high risk game here, however it comes with rewards.
Caveat: Not a recommendation. Do your due diligence.

2 Likes

Re: Us Stocks Pick Alert by thesilentone(m): 8:12pm On Apr 17, 2020
Etimnaic:

Nice pointer, although I bought few shares of AAL when it sold at $9, just as you've said due diligence. Despite the $25B released as bail out for the airlines which would be duly shared amongst them, it's worthy of note to mention the debt situation on ground. As most of the airplanes acquired by AAL were the Boeing 737 Max which got grounded due to their crash issues, this burnt their hands making them incur long term debts amounting to AAL: $21.5B, DAL: 8.9B, UAL: 13.1B, LUV: $1.8B.
It's a high risk game here, however it comes with rewards.
Caveat: Not a recommendation. Do your due diligence.

Although LUV show less incurred debt here, I would be careful with them (for long termers) because of their debt levels even before Covid. They've also got a pending lawsuit pending that would cost a lot because of issues dating back a decade.
My personal choice here would still be Delta regardless of the fact that WB sold off a percentage of his holdings. CC: Not a recommendation

1 Like

Re: Us Stocks Pick Alert by OakPearl(m): 8:18pm On Apr 17, 2020
thesilentone:


There are 7 different tickers for Chesapeake Energy: CHK, CHK.PD, CHKDP, CHKDH, CHKDG, CHKVP, CHKDJ.
That explains the different prices you're being quoted

This could be the problem.
The US market is awash with thousands of companies.
One needs to be very careful to double-check the full names of companies we are investing in.
Most recently, many investors in US mistook the ticker symbol ZOOM for ZM and were unknowingly investing in a moribund company until the authorities had to delist it.

Reason I always indicate ticker symbols in every "STOCK FOCUS" in this forum.

2 Likes

Re: Us Stocks Pick Alert by OakPearl(m): 8:23pm On Apr 17, 2020
Etimnaic:

Nice pointer, although I bought few shares of AAL when it sold at $9, just as you've said due diligence. Despite the $25B released as bail out for the airlines which would be duly shared amongst them, it's worthy of note to mention the debt situation on ground. As most of the airplanes acquired by AAL were the Boeing 737 Max which got grounded due to their crash issues, this burnt their hands making them incur long term debts amounting to AAL: $21.5B, DAL: 8.9B, UAL: 13.1B, LUV: $1.8B.
It's a high risk game here, however it comes with rewards.
Caveat: Not a recommendation. Do your due diligence.

I must commend your detailed reporting on these airlines.
Broadens the view of forum members to know these ain't the best candidates for long term investment.

1 Like

Re: Us Stocks Pick Alert by seyisanya(m): 8:52pm On Apr 17, 2020
tommieen:
Hey Seyi,

Dividends for US stocks are paid to your dollar wallet. You can also view dividends paid to you on your monthly statement available in the downloads center in the settings of the app. Please note that dividends on fractional shares take a day or two to reflect in your wallet as they dividends have to be divided amongst each holder of a portion of a share.

Awesome, thanks!
Re: Us Stocks Pick Alert by kenneth6901: 10:10pm On Apr 17, 2020
kunlef1:


Try to find out if the company consolidated their stocks recently. The current price vs initial price will show. I noticed that with one of my stocks - Scorpio Bulkers (SALT) - recently, as my 100 shares reduced to 10 overnight, but the price per share also increased about 10 folds. If you are on Trove, there is likely to be a news about this in their newsfeed section. Otherwise just Google the news about the company. If this is the case, it will be automatically changed on your portfolio. The platform has no influence on this.



Thanks brother,you triggered me to do more research tonight just about now, I learnt they turned it into "A reverse stock split" currently but am not sure this tactics will prevent the danger ahead cos of their huge debt.

Re: Us Stocks Pick Alert by Etimnaic(m): 10:45pm On Apr 17, 2020
OakPearl:


This could be the problem.
The US market is awash with thousands of companies.
One needs to be very careful to double-check the full names of companies we are investing in.
Most recently, many investors in US mistook the ticker symbol ZOOM for ZM and were unknowingly investing in a moribund company until the authorities had to delist it.

Reason I always indicate ticker symbols in every "STOCK FOCUS" in this forum.
I can only imagine their feelings when they realize.
OakPearl:


I must commend your detailed reporting on these airlines.
Broadens the view of forum members to know these ain't the best candidates for long term investment.
Sir Oak, I learnt a great deal from this thread as well, still taking baby steps. A big thank you to you and everyone here for their contributions.

1 Like

Re: Us Stocks Pick Alert by seyisanya(m): 12:01am On Apr 18, 2020
kenneth6901:
Hello Gurus, I don't seem to get whats going on with "Chesapeake Energy" though I made complains to Bamboo's customer agent already but I wanna know if anyone experiencing such presently, I had 256 shares with them but two days ago, it reduced to 2 shares without sale from my end.... Please how much does a "CHK share worth now?
Hello, please try and follow the news regarding your holdings. CHK underwent a 200-for-1 reverse share split whereby for every 200 shares owned on Tuesday it became 1 share on Wednesday. On Wednesday, the stock traded for $16.38 from its $0.13 price on Tuesday. It, however, closed at $14.45 after the close of trading today.

https://www.marketwatch.com/story/chesapeake-energys-stock-suffers-record-plunge-as-reverse-split-confirms-financial-troubles-2020-04-15
Re: Us Stocks Pick Alert by tommieen: 2:42am On Apr 18, 2020
Thanks for the kind words Olalekank

our twitter handle is @trovefinance, dollar deposits usually take 2 business days. With the direct dollar deposit we are working this would be reduced to 24 hrs ,possibly same day depending on the banking institution you use.

Olalekank:

Hi Tomisin,

I went through some of the posts on the thread and realized you are a co-founder at Trove.

I just discovered the app yesterday and it's quite a nice app but I was wondering why there's a low social media engagement.

I got to know about the other investment alternatives via Twitter. Upon searching for Trove on Twitter, I couldn't really find you guys (although I found a Troveapp which has 0 post).

Keep on with the hardwork. We are solidly behind you.



Also, what's the average timeframe for dollar deposits?
Re: Us Stocks Pick Alert by smokey12345: 1:19pm On Apr 18, 2020
Pls which app is the best, Trove, Chaka or Bamboo
Re: Us Stocks Pick Alert by seyisanya(m): 2:47pm On Apr 18, 2020
Hello Tomisin,

Does Trove issue CSCS number for local stock investment portfolio?

Many thanks.
Re: Us Stocks Pick Alert by 1kinggy(m): 4:07pm On Apr 18, 2020
tommieen:
Thanks for the kind words Olalekank

our twitter handle is @trovefinance, dollar deposits usually take 2 business days. With the direct dollar deposit we are working this would be reduced to 24 hrs ,possibly same day depending on the banking institution you use.


Is it right to say that your direct ISD deposit is now active?
Re: Us Stocks Pick Alert by OakPearl(m): 5:15pm On Apr 18, 2020
This shows where the money went yesterday:
Most active stocks on 17th April 2020.

If your plan requires that you do nothing but wait, then do nothing but wait.
90% of trading is waiting.

Re: Us Stocks Pick Alert by thetelz(m): 10:28pm On Apr 18, 2020
Hello, what's the best app to use? Bamboo, Trove or Chaka?
Re: Us Stocks Pick Alert by tommieen: 11:13pm On Apr 18, 2020
By default our users are onboarded under a custodial account at ARM. However, we are able to issue you a CSCS number upon request. Additionally, this can be tied to an existing CHN if you have one.

seyisanya:
Hello Tomisin,

Does Trove issue CSCS number for local stock investment portfolio?

Many thanks.

2 Likes

Re: Us Stocks Pick Alert by CowbellY: 11:57pm On Apr 18, 2020
thetelz:
Hello, what's the best app to use? Bamboo, Trove or Chaka?

Personally, I prefer Bamboo.

I have a Trove as well but they have fixed fees as against the % taken by Bamboo but then again, your trading sum would help determine best to go with.
Re: Us Stocks Pick Alert by OakPearl(m): 12:24am On Apr 19, 2020
YerYer:


Nice gains bro. I wonder If this means the stock market has bottomed and should start moving higher.

Maybe, maybe not just yet.
We all know these measures to bail out the economies are temporary and their immediate impact will also be artificial to help ferry the economies into full blown permanent stability.

So while this temporary measures last, we ride the tide while still positioning for the future until normalcy returns.

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