Have the record number of investors in the stock market lost their minds?

Re:Have the record number of investors in the stock market l... by nugget on Saturday May 16, 2020 @02:45PM (#23206032)

Of that list, I understand why MSFT, AAPL, AMZN, and NVDA would be up. The rest aren’t so clear to me.

NFLX - streaming is up but consumers exhaust the content library faster and competitors (Disney) will now want to gain market share at any cost

FB, SNAP - exposure to ad dollars (brand, travel, hospitality, entertainment) that won’t be coming back for awhile

UBER - unit economics of food delivery aren’t attractive + hyper competitive market, demand for core rideshare business likely depressed for a long time given it’s dependency on events and business travel

SQ, MTCH - no opinion, neutral sentiment

TSLA - with gas so cheap, electric vehicles are less attractive

I buy the tech multiple expansion thesis but that would apply to every company on this list.

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Re:Have the record number of investors in the stock market l... by dredds on Saturday May 16, 2020 @03:28PM (#23206465)

> TSLA - with gas so cheap, electric vehicles are less attractive

One suggestion was that the big players will postpone electric while their ICEs get a temp boost, thus giving TSLA an even more unassailable lead.

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Re:Have the record number of investors in the stock market l... by folmar on Saturday May 16, 2020 @05:36PM (#23207395)

The EV run is on government incentives worldwide, not cost per mile. Outside US the fuel price is marginally related to raw petroleum, i.e. in Europe dropped some 25% when petroleum went down to basically zero.

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