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Us Stocks Pick Alert - Investment (39) - 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 drskyfly007(m): 9:05pm On Apr 28, 2020
Bvesan:
Hello everyone. I'm new into investing in US stock.

I have a few questions that I hope anyone can provide answers to.

What app is the best for buying, Trove, Risevest or Bamboo?

What are their charges? I know Trove is $2.50, which is quite high.

I anticipate replies. Thank you.
Bamboo
Re: Us Stocks Pick Alert by lastclaire4(f): 9:12pm On Apr 28, 2020
Good evening fam. My wallet was finally funded yesterday evening.
Re: Us Stocks Pick Alert by thesilentone(m): 9:19pm On Apr 28, 2020
lastclaire4:
Good evening fam. My wallet was finally funded yesterday evening.

Glad to know they finally did the needful. Did they explain what was responsible for the delay? Or they simply funded your account after four working days without reasons? Did you manage to find out if this is the new norm or a one-off? It will be worth finding out.
Re: Us Stocks Pick Alert by YerYer: 9:25pm On Apr 28, 2020
abuabdullah:


INO lorry refused to continue its journey once it realised that Oakpearl has aligthed. It has made a U-turn to go and meet its customer at kilometer 7.
I will go and wait for the bus there, but, watch out ooo, some shareholders already filed a suit of deceit.


Lol, Oakpearl must be buddies with the CEO. That bus driver follows his command. Make I manage my loot until the Oracle buys again.
Re: Us Stocks Pick Alert by lastclaire4(f): 9:29pm On Apr 28, 2020
thesilentone:


Glad to know they finally did the needful. Did they explain what was responsible for the delay? Or they simply funded your account after four working days without reasons? Did you manage to find out if this is the new norm or a one-off? It will be worth finding out.

I asked them during those times, if there was any problem I should be made aware of; but they said they were still processing it and kept telling me very soon you will receive it.

Even if it is the new norm, they wont tell you.
Re: Us Stocks Pick Alert by kunlef1: 9:37pm On Apr 28, 2020
thesilentone:

Someone on another thread suggested you send them an email with all the details and copy CSCS in the email - preferably their complaints email.
resolutions@cscs.ng OR contact@cscs.ng. I found this on their website: Contact us on 0700 CALL CSCS (0700 2255 2727) or contact@cscs.ng
Corporate Office +234 (1) 448 0500; +234 (1) 448 0530.
Be kind to let us know your outcomes.

Thanks. I will try that, hopefully tomorrow. I will try to copy SEC too.
Re: Us Stocks Pick Alert by tommieen: 11:34pm On Apr 28, 2020
Hello Seyi,


It is not a glitch. The balance corrects itself in a matter of minutes.

About twice a month your brokerage balance, fees and trades are reconciled. Think of it as an audit to ensure your balances check out and you were not over charged for any of your past transactions.

During this 15-30 minute timeline, some users might have slight differences in balances. It sorts itself out after some minutes.


P.S - I'm a co-founder at Trove so if you have any issues please feel free to reach out to me here. Always happy to help.



seyisanya:
Hello all,

I just logged in to my account on Trove and was surprised to see a negative value as wallet balance.
What does it mean, please?

3 Likes

Re: Us Stocks Pick Alert by tommieen: 11:40pm On Apr 28, 2020
Hello Chybuzz,


It gets credited to your USD wallet. You can check your statement too to know when the dividend hits.



ChybuzzDD:
Hi, everyone. When dividends are paid, who knows how they finally get to us?
Will they be credited into our Trove account?
ORC is supposed to pay a dividend of $0.28 per share to shareholders today, 28/04/2020, but I'm still wondering how it'll get to me.
Does anyone have any info on this?
Re: Us Stocks Pick Alert by Bengurion1: 4:40am On Apr 29, 2020
tommieen:

Hello Seyi,


It is not a glitch. The balance corrects itself in a matter of minutes.

About twice a month your brokerage balance, fees and trades are reconciled. Think of it as an audit to ensure your balances check out and you were not over charged for any of your past transactions.

During this 15-30 minute timeline, some users might have slight differences in balances. It sorts itself out after some minutes.


P.S - I'm a co-founder at Trove so if you have any issues please feel free to reach out to me here. Always happy to help.




Thank you Tommieen for the clarification.
Is it possible to schedule this system audit run during closed market hours? Say 12am to 4am window...
Re: Us Stocks Pick Alert by naijaman0817(m): 8:46am On Apr 29, 2020
[quote author=Tundexi post=88848228]

[b]linked to Trove?[/quot [i]In addition, can we possibly trade in dollar without having a docimiliary account



Your naira account is sufficient as you will be required to convert naira to dollars right there on their trading app.
Re: Us Stocks Pick Alert by ChybuzzDD(m): 9:13am On Apr 29, 2020
tommieen:
Hello Chybuzz,


It gets credited to your USD wallet. You can check your statement too to know when the dividend hits.




Thanks for the info, bro
Re: Us Stocks Pick Alert by ChybuzzDD(m): 9:19am On Apr 29, 2020
kunlef1:


The payment date for ORC is today 28/04/2020, for those who have bought the shares as at March 30, 2020. The dividend (I think monthly) amount for this particular month is $0.08, and it. Just give it till end of tomorrow, if you have not been credited, and then contact Trove. The next payment for those who buy before tomorrow, 29/04/2020 is May 28, 2020 and the dividend is $0.055 per share, apparently due to COVID-19.

I got my GTB dividend the same day it was paid in my Trove wallet. But don't forget that is a local stock. Maybe, being USD, it may take a while longer, but should not normally exceed 2 days. I also git a dividend payment for EFC in my Chaka wallet today, even though I was not tracking it, as I have sold the stock already.

Yes, you're got it right. I was actually talking about March dividend, which is exactly $0.08 per share.
Will be watching to see if it enters today, as I didn't see it yesterday.
Thanks for your input so far.
Re: Us Stocks Pick Alert by dunsin125: 10:04am On Apr 29, 2020
Who is buying shares in American airline
Re: Us Stocks Pick Alert by budaatum: 11:21am On Apr 29, 2020

Re: Us Stocks Pick Alert by seyisanya(m): 11:55am On Apr 29, 2020
dunsin125:
Who is buying shares in American airline
I bought AAL at $10 earlier this week(on Monday) but I don't intend to hold long term. Also purchased JetBlue at $8 and CCL at $8(waiting for 100% here, then I'm out).
Re: Us Stocks Pick Alert by seyisanya(m): 11:58am On Apr 29, 2020
tommieen:

Hello Seyi,


It is not a glitch. The balance corrects itself in a matter of minutes.

About twice a month your brokerage balance, fees and trades are reconciled. Think of it as an audit to ensure your balances check out and you were not over charged for any of your past transactions.

During this 15-30 minute timeline, some users might have slight differences in balances. It sorts itself out after some minutes.


P.S - I'm a co-founder at Trove so if you have any issues please feel free to reach out to me here. Always happy to help.



Thanks for the clarification.
We're waiting for the announcement of direct USD wallet funding on Trove.
Many thanks to you and your team.
Re: Us Stocks Pick Alert by naijaman0817(m): 12:21pm On Apr 29, 2020
seyisanya:
I bought AAL at $10 earlier this week, I guess Monday or Tuesday, but I don't intend to hold long term. Also purchased JetBlue at $8 and CCL at $8(waiting for 100% here, then I'm out).


Do airlines have any hope of resuming flights soon and even if they do how soon can can they return to pre-Covid-19 level. I remember reading that some airlines are about laying off workers. Does any one have a better view of happenings in the industry or may I ask what informed your decision to buy those shares now moreso that you are not a long term player. Who knows, some of may also benefit from your insight
Re: Us Stocks Pick Alert by lionlee216(m): 1:45pm On Apr 29, 2020
seyisanya:
I bought AAL at $10 earlier this week(on Monday) but I don't intend to hold long term. Also purchased JetBlue at $8 and CCL at $8(waiting for 100% here, then I'm out).

I sold my CCL too soon embarassed
Re: Us Stocks Pick Alert by drskyfly007(m): 2:03pm On Apr 29, 2020
Breaking news.. Us economy shrinks at rate of 4.8%.

Trade carefully today because this news might affect the stock market today.
Re: Us Stocks Pick Alert by YerYer: 2:08pm On Apr 29, 2020
The market is rallying after it was reported that Gilead's (GILD) Remdesevir drug showed positive results in treating corona virus patients. This is the same drug the WHO said was ineffective not that long ago. I expect the market to rally some what from this news. I'm hoping for some short squeeze in stocks like SPCE and SFIX.

I bought some Gilead shares premarket.

3 Likes

Re: Us Stocks Pick Alert by dunsin125: 2:18pm On Apr 29, 2020
seyisanya:
I bought AAL at $10 earlier this week(on Monday) but I don't intend to hold long term. Also purchased JetBlue at $8 and CCL at $8(waiting for 100% here, then I'm out).
Okay bro, thank you.
Re: Us Stocks Pick Alert by dunsin125: 2:20pm On Apr 29, 2020
naijaman0817:



Do airlines have any hope of resuming flights soon and even if they do how soon can can they return to pre-Covid-19 level. I remember reading that some airlines are about laying off workers. Does any one have a better view of happenings in the industry or may I ask what informed your decision to buy those shares now moreso that you are not a long term player. Who knows, some of may also benefit from your insight
The resumption of airlines depend on coronavirus and as the global number is increasing, I am not sure the time of resumption is soon.
Re: Us Stocks Pick Alert by lafuria1(m): 2:24pm On Apr 29, 2020
drskyfly007:
Breaking news.. Us economy shrinks at rate of 4.8%.

Trade carefully today because this news might affect the stock market today.

True but don't be surprise the reverse might be the case. They way they reason is quite amazing.

I remember when month of march US job loss status was published, over 10m lost their job, rather than market to fall, it surged.

Not easy to predict Investors mood and sentiment
Re: Us Stocks Pick Alert by ijedeikorodu(m): 2:43pm On Apr 29, 2020
US economy shrank by 4.8 percent in first quarter, as coronavirus ends record-long expansion

https://www.foxbusiness.com/economy/us-economy-first-quarter-2020-gdp-coronavirus-impact

The American economy shrank by 4.8 percent in first quarter, the sharpest decline since the financial crisis more than a decade ago as the coronavirus pandemic forced a near shutdown of the country, ending the longest expansion on record.

Economists surveyed by Refinitiv had expected the first estimate of GDP to show a 4 percent decline.

Gross domestic product, the broadest measure of goods and services produced across the economy, fell at a seasonally adjusted annual rate of 4.8 percent in the three-month period from January through March, the Commerce Department said in its first reading of the data Wednesday.

It was the first drop recorded since the first three months of 2014, and the worst since the first quarter of 2009, when the economy contracted by 4.4 percent in the midst of the financial crisis.

Still, the severity of the coronavirus-induced downturn will be reflected more accurately in the second quarter, when the nation’s economy came to a near standstill to mitigate the spread of the virus. Estimates vary widely — Goldman Sachs forecast a decline of 34 percent — but economists agree it’ll be grim, possibly surpassing the worst of the Great Depression.

"The awful headline number is even worse when you consider that the first two months of the first quarter were relatively normal and this number only includes the March lockdowns," said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.
Re: Us Stocks Pick Alert by handsomebolanle: 3:15pm On Apr 29, 2020
Wow...I never knew this thread exist...Lets keep the good work...#LayingMyTent
Re: Us Stocks Pick Alert by drskyfly007(m): 3:16pm On Apr 29, 2020
lafuria1:


True but don't be surprise the reverse might be the case. They were they reason is quite amazing.

I remember when month of march US job loss status was published, over 10m lost their job, rather than market to fall, it surged.

Not easy to predict Investors mood and sentiment
you are right..not easy
Re: Us Stocks Pick Alert by dunsin125: 4:04pm On Apr 29, 2020
Can someone guide me through this, I just opened an account with Chaka and I have bought shares in a company in the US and they pay dividend, do I need to do anything else to receive my dividend.
Re: Us Stocks Pick Alert by YerYer: 4:04pm On Apr 29, 2020
YerYer:


I just go back into Nio at $3.13. As you already know, Nio is a chinese electric car maker. But please I will like to urge anyone investing in chinese based companies to do so skeptically because Chinese based companies have a history of fraud and faking earnings. Just the other day, Luckin Coffee (LK) lost over 80% of its stock price when it was discovered that they were faking earnings to make the company look more profitable that it actually was. LK was often touted to be the Chinese version of Starbucks another coffee chain. So going forward, I will set a Stop Limit order to prevent such massive drops, if the stock drops to my set limit sell order, it will execute and take me out completely.

NIO the chinese EV maker is up 17% today after securing $1Billion in funding. Bought some more shares and will probably hold till $4. Earnings is on may 26th.

Re: Us Stocks Pick Alert by gamaliel9: 4:10pm On Apr 29, 2020
Its like REITS will give some money ooo...they have have been rising codedly.....

Though not for long term
Re: Us Stocks Pick Alert by YerYer: 4:16pm On Apr 29, 2020
YerYer:
I'm buying Amazon (AMZN). They are hiring about 75,000 people after just hiring 100,000 people last month. In a time when most companies are laying off employees, these guys can't even keep up with the demand. They had suspended sale of non essential items just to focus on really needed merchandise during the coronavirus outbreak but today they just announced that they will be selling non-essential items once again. As more people are stuck at home, they continue to buy everything online even groceries. This is one of my favourite companies of all time. I made $25k profit on this stock alone 2 yrs ago (https://www.nairaland.com/2460429/us-stock-market-even-playing/15). I bought 1 share at $2150 and plan to buy the dips.

Google (GOOGL) reported a blockbuster earnings yesterday and the stock is up almost 9% today. As a result, other big cap stocks are up today Facebook (FB) 6%, Microsoft (MSFT) 3%. Amazon (AMZN) is expected to report earnings tomorrow and I expect it to be positive. Amazon has reported positive 1st quarter earnings 88% of the time and I expect them to blow this quarter out of the park. I'm up 10% but easily see the stock crossing $2500 after earnings.

2 Likes

Re: Us Stocks Pick Alert by seyisanya(m): 4:38pm On Apr 29, 2020
naijaman0817:



Do airlines have any hope of resuming flights soon and even if they do how soon can can they return to pre-Covid-19 level. I remember reading that some airlines are about laying off workers. Does any one have a better view of happenings in the industry or may I ask what informed your decision to buy those shares now moreso that you are not a long term player. Who knows, some of may also benefit from your insight

I'm a dynamic investor, so even when I buy for short term purpose, I only buy stocks that I'm ready to hold long term in case things don't work out as planned.

My reason for buying JetBlue is because it's a low-cost airline that majorly serves inter-state travellers in the US and some other parts of the Americas. Hence, with the gradual reopening of parts of the Americas, the airline might increase flights within the region this summer. Generally, Delta airline is described as ''too big to fail'' in this sector because of its valuation and projected profitability. Still, I bought American airline instead due to its current price with respect to its valuation. Also note that the US government has launched comprehensive bailout plans for these airlines and the major beneficiaries are Delta, American Airlines, United and Southwest. JetBlue will also get $936 million, which is not bad for a domestic carrier.

Regarding Carnival Cruise Line, some cruise lines are on the verge of bankruptcy but I believe the entire industry can't be whipped out as a result of COVID-19. Also, whatever Saudi Arabia saw in CCL that made them buy a whooping 8% stake in the company earlier this month is a good indicator that the cruise ship giant might be around for years to come. Worst-case scenario, they go by Trump's advice and register as a US company to benefit from the bailout deal.

Finally, high risk equals high reward. Please do your due diligence because US stocks, particularly in the transportation sector, are highly volatile at the moment.

5 Likes

Re: Us Stocks Pick Alert by ijedeikorodu(m): 4:44pm On Apr 29, 2020
YerYer:


Google (GOOGL) reported a blockbuster earnings yesterday and the stock is up almost 9% today. As a result, other big cap stocks are up today Facebook (FB) 6%, Microsoft (MSFT) 3%. Amazon (AMZN) is expected to report earnings tomorrow and I expect it to be positive. Amazon has reported positive 1st quarter earnings 88% of the time and I expect them to blow this quarter out of the park. I'm up 10% but easily see the stock crossing $2500 after earnings.

Amazon will be the first-quoted trillion dollar company in the future

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