Can someone tell me how much the market is up? I don't have real time quotes because S2007S stopped posting the big green fonts.
Green as a 4 leaf clover US 30 28,688.5 DERIVED 04:05:48 | Futures +77.5 +0.27% US 500 3,515.12 DERIVED 04:05:45 | Futures +10.62 +0.30% US Tech 100 12,028.88 DERIVED 04:05:48 | Futures +37.13 +0.31% Small Cap 2000 1,584.35 DERIVED 04:05:50 | Futures +8.65
Don't forget that CRM HON and AMGN get added to the dow. Thats sure to make the dow zoom up a few hundred and tesla and apple split so people will believe the stocks are cheap just because the stock price is low so that should boost both those stocks to historical highs
TradeStation Market/Insights Apple and Tesla Are Splitting Their Shares. Here Are Key Details for Stock and Options Traders By David Russell - August 28, 2020 Apple and Tesla are about the split their shares. Here are the key details you need to know. Both operations take effect using the official closing price on Friday, August 28. (The cutoff is technically 8 p.m. ET.) Investors with positions in the stock or options will see big changes in their accounts on Monday, but it’s nothing to be alarmed about. Apple (AAPL) is splitting its stock 4-for-1. Investors owning 100 shares on Friday will see 400 shares in their portfolios on Monday morning. The value of each will be cut by 75 percent. That will keep the principal value exactly the same. For example, 100 shares worth $500 each before the split will turn into 400 worth $125 each after. Tesla (TSLA) is doing a 5-for-1 split. Investors owning 100 shares on Friday will see 500 in their accounts on Monday morning. Each share will be worth 20 percent of its previous price. That will also keep principal values the same. A portfolio with 100 shares worth a hypothetical $2,000 on Friday will have 500 shares worth $400 each on Monday. Options on both companies are being adjusted a similar way: AAPL: All strike prices will be adjusted down by 75 percent. The number of contracts will be multiplied by 4. TSLA: All strike prices will be adjusted down by 80 percent. The number of contracts will be multiplied by 5. This makes calculations simple and transparent for the millions of people and institutions holding positions in AAPL and TSLA. Apple (AAPL), daily chart, with 50- and 200-day moving averages. Why Stock Splits Matter So if stock splits don’t immediately affect the value of your holdings, then why do companies do them? The main reason is that it makes the shares more accessible. All companies want to grow and see their stock prices increase. However when they get into the three- and four-digit range, some investors may be able to afford only a few shares. Options are another reason. Calls and puts theoretically control lots of 100 shares each. Traders cannot execute common strategies like covered calls unless they own at least 100 shares. Lower stock prices and a wider base of traders increase liquidity. Bid/ask spreads get tighter, which reduces transaction costs. It’s also important to remember that stock splits were a key driver of enthusiasm during the Nasdaq’s bull market in the 1990s. But, this time around they’ve been much less common. Will other high-dollar stocks like Amazon.com (AMZN), Alphabet (GOOGL), Nvidia (NVDA) or Shopify (SHOP) follow? Tesla (TSLA), daily chart, with 50- and 200-day moving averages. Battery Day Is Next for Tesla After the stock split, TSLA’s next big event will be its Battery Day event on September 22. While the agenda still isn’t known, analysts are mostly focused on efficiency metrics like density and manufacturing costs. CEO Elon Musk has stoked enthusiasm by saying TSLA may license its technology to other car makers. He added in a Twitter exchange this week that 400 watt hours per kilogram might be possible within four years. That’s a potential requirement for using batteries in commercial flight. Be sure to check Market Insights for more before Battery Day on September 22. Following the event, TSLA will report quarterly sales in early October. AAPL is also expected to unveil new iPhones in September or October but hasn’t yet announced a date. In conclusion, today is the last trading session before AAPL and TSLA split their shares. While it has no direct impact on value, the changes can widen interest in some of the market’s most important stocks. It could also set an example for other major tech companies that have appreciated significantly in recent years
Easily. Should happen by end of September. Then $2 trillion by Christmas. By then apple will have a 3 trillion market cap and facebook will be worth a trillion as well. Upupupupupup. No risk
Facebook is worth 820 billion. Zuckerberg is missing a trick. He needs to annouce a 5:1 split as well. Facebook and his networth will then double in a month.