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    Home Unlabelled Stock Market - Wall Street Week Ahead for the trading week beginning November 2nd, 2020

    Stock Market - Wall Street Week Ahead for the trading week beginning November 2nd, 2020

    October 30, 2020

    Stock Market - Wall Street Week Ahead for the trading week beginning November 2nd, 2020

    Wall Street Week Ahead for the trading week beginning November 2nd, 2020

    Posted: 30 Oct 2020 02:00 PM PDT

    Good Friday evening to all of you here on r/StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading month ahead.

    Here is everything you need to know to get you ready for the trading week beginning November 2nd, 2020.

    Investors are hoping for a clear presidential and Senate election outcome to end the sell-off - (Source)

    The best hope for markets in the week ahead is that there is a clear cut winner in Tuesday's presidential election.

    The election looms large as the biggest wild card risk for markets, and there is a real concern that no outcome could lead to a period of uncertainty and turbulence for markets and the economy. On the other hand, some strategists say a clear winner and quick concession by the other candidate could lead to a relief rally. Also a worry is that Senate elections could be unresolved, which means it may not be known which party holds the majority.

    "If there's no clear winner, it will be negative for risk assets...The market is really worried about not having clarity after the election. They're worried about it dragging out four weeks as the results are contested," said Ian Lyngen, head of U.S. rates strategy at BMO. "The overall landscape is not a political one. It's that we're in a pandemic, and we don't want an uncertain election outcome that leaves the country concerned about leadership."

    Stocks closed out October on a sour note, losing about 6% for the week, the worst performance since March, when the pandemic first shut down the economy. Strategists say the coronavirus is again worrying the market, as major European countries go into partial lockdowns, and the U.S. faces record numbers of new cases.

    Lyngen said he does not expect the markets to react as much if it's only the fate of the Senate that is undetermined. But that is still very important, and if it's not clear which party has a majority for days or even weeks, that would cast doubt on the ability of whichever candidate wins the presidency to pursue their policy agenda.

    Senate key for stimulus

    The Senate is also key to how much money will be poured into the economy to help battle the impact of the virus. For instance, if former Vice President Joe Biden wins the White House, but Democrats do not reclaim the Senate, he will likely have to compromise on a smaller stimulus package and would not be able to implement tax increases. If President Donald Trump is re-elected and faces a newly Democratic Senate alongside the Democratic House, he will likely face push back on many issues though they may agree on a large stimulus package.

    As of Friday, Biden was leading Trump in the polls by 7.8 percentage points in the RealClearPolitics average of major polls. Democrats also appear likely to take the Senate, but some races are very tight.

    Bank of America strategists note that the Senate races are close with a few seats that could flip. Seven Republican seats are currently rated as toss-ups with four in battleground states, where they could be lost if there's a strong Democratic surge. There could also be a clear majority, but still uncertainty in terms of final makeup.

    "The overall composition of the Senate is unlikely to be determined until sometime in January due to election rules in Georgia which stipulates the race goes to a run off if no candidates garners 50% majority in the general election and currently no candidate is projected" to hit that threshold, the BofA strategists wrote.

    The strategists say the timing of the results is unclear due to early voting but high volumes of mail-in ballots, which cannot be counted in some states until election day.

    "A short delay in the election result should have a trivial impact on the economy but a multi-week contested election could drag down H1 GDP growth by 0.5-1.0 pp," according to BofA strategists. "Once there is a winner, the focus turns to stimulus."

    Watch bond yields

    That could mean bond yields will continue their move higher in the coming week. Yields have been rising on the idea that there will be some kind of stimulus after the election, and it will mean more U.S. debt and higher interest rates.

    "We expect rates to shift higher by 5 to 25 bps after the election outcome is known due to expectations for fiscal stimulus and improved growth prospects," the BofA strategists wrote. The 10-year Treasury yield was at 0.86% Friday.

    However, if the election outcome is not known for awhile, the strategists said a contested outcome could push the 10-year yield materially lower.

    If there is a contested election, the strategist expect stocks to trade lower, but it would be a buying opportunity since the market typically recovers from headline-related losses within six months.

    "We expect a clear outcome to be neutral to positive for the market in the near term, except under a Biden win with a split Congress, which could potentially lead to continued gridlock in fiscal stimulus talks," the BofA strategists added.

    Besides the election, there is also a Fed meeting, expected to end Thursday with no new announcements though it is likely the Fed will emphasize it will keep policy easy for a long time as the economy heals. The October employment report is expected on Friday and is expected to show continued job gains, after September's 661,000 nonfarm payrolls.

    Jonathan Golub, chief U.S. equities strategist at Credit Suisse, does not expect the market to react much if the election outcome is as expected, with Biden winning and Democrats taking the Senate.

    "The most likely outcome is already discounted by the market. The best assumption is if you don't have a big surprise, the market should do nothing," Golub said, adding the most volatile week could be the one just ending. "This week is the one with the turmoil, and I don't think the next week is the one where the market's going to be crazy."

    Golub said investors may be too worried about the election being unresolved and the real issue disturbing the market this past week is the growing spread of the virus.

    "There's no rule we need to declare a victor," said Golub. "We have four or five weeks. The market may not love that near-term indecision, but the system is set up to allow for it, and as long as things don't go off the rails, and they really shouldn't, this concern about a contested election is probably overblown as an investor issue."

    Golub said there's a greater chance that the winner of the presidency is known before the Senate. "The chances are that we'll at least know directionally where the power sits, but that could take a little longer and the market may be a little uncomfortable with that," he said.

    Earnings reports

    Dozens of companies report earnings in the week ahead, and Golub said corporate profits are a bright spot for the market. The third quarter results so far are showing earnings down about 10%, compared to earlier forecasts of more than 20%, according to Refinitiv.

    "The reality is the economy is robust. 55% of the market cap of the S&P has higher earnings in 2020 than in 2019. More than half the market is acting like there's no recession, no downturn," Golub said.

    Golub said both Trump and Biden would push for fiscal stimulus, but while the market is clear on where Trump stands it does not know that much about Biden, if he were to win. "It is going to take some time to get clarity on which of his policy initiatives are going to happen. I don't believe he's going to implement these tax increases he's talking about right away. I think the economy is too frail," said Golub.

    This past week saw the following moves in the S&P:

    (CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

    Major Indices for this past week:

    (CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

    Major Futures Markets as of Friday's close:

    (CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

    Economic Calendar for the Week Ahead:

    (CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

    Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    S&P Sectors for the Past Week:

    (CLICK HERE FOR THE CHART!)

    Major Indices Pullback/Correction Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!

    Major Indices Rally Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    Most Anticipated Earnings Releases for this week:

    ([CLICK HERE FOR THE CHART!]())

    (T.B.A. THIS WEEKEND.)

    Here are the upcoming IPO's for this week:

    (CLICK HERE FOR THE CHART!)

    Friday's Stock Analyst Upgrades & Downgrades:

    (CLICK HERE FOR THE CHART LINK #1!)
    (CLICK HERE FOR THE CHART LINK #2!)
    (CLICK HERE FOR THE CHART LINK #3!)

    November Almanac: Usually a Top Month in Election Years

    November maintains its status among the top performing months as fourth-quarter cash inflows from institutions drive November to lead the best consecutive three-month span November-January. However, the month has taken hits during bear markets and November 2000, down –22.9% (undecided election and a nascent bear), was NASDAQ's second worst month on record—only October 1987 was worse.

    November begins the "Best Six Months" for the DJIA and S&P 500, and the "Best Eight Months" for NASDAQ. Small caps come into favor during November, but don't really take off until the last two weeks of the year. November is the number-two DJIA (since 1950), NASDAQ (since 1971) and Russell 2000 (since 1979) month. November is best for S&P 500 (since 1950) and Russell 1000 (since 1979).

    (CLICK HERE FOR THE CHART!)

    November is a mixed bag in presidential election years. DJIA has advanced in 10 of the last 17 election years since 1952 with an average gain of 1.7%. Significant DJIA declines occurred in 2008 (-5.3%) and 2000 (-5.1%). For S&P 500 November ranks best with a similar record to DJIA. NASDAQ, Russell 1000 and Russell 2000 are not as strong ranking #7, #3 and #6 respectively. Fewer years of data (12 for NASDAQ and 10 for Russell indices) combined with sizable losses in 2000 and 2008 drag down rankings and average gains when compared to DJIA and S&P 500.

    Whatever the Outcome, Day Before Election Day Historically Bullish

    Looking back at the last seventeen presidential elections since 1952, the day before Election Day has a clear bullish bias. DJIA and S&P 500 have declined just three times and average gains of 0.51% and 0.44% respectively. NASDAQ and Russell 2000 are slightly weaker, but still bullish. Election Day (or the day after prior to 1980) leans bullish, but with a greater frequency of losses. Incumbent party victories are shaded in light grey.

    (CLICK HERE FOR THE CHART!)

    GDP Bounces Back

    The outbreak of COVID-19 and the subsequent lockdowns triggered the largest quarter over-quarter decline in gross domestic product (GDP) since WWII, so perhaps it comes as no surprise that the following quarter tallied the sharpest rebound in that same time period. GDP expanded 33.1% on an annualized basis in the third quarter, ahead of Bloomberg consensus expectations of 32%, fueled by the continued reopening of businesses and reversing much of the economic fallout stemming from COVID-19-related lockdowns.

    As shown in the LPL Chart of the Day, consumer spending—the largest contributor to GDP in the US and roughly 70% of economic output—rebounded in a powerful fashion in the third quarter.

    (CLICK HERE FOR THE CHART!)

    However, spending numbers were uneven, with a considerably larger portion spent on goods rather than services—consistent with the continued behavioral and business restriction effects on these industries. Further, the timing of spending was also fairly uneven, as much of the growth in consumer spending came in the early weeks of the third quarter and tapered off in recent weeks where the effects of fiscal stimulus and rising new COVID-19 cases influenced consumer behavior.

    "GDP rebounded stronger than expected in the third quarter, but the big question on everyone's mind is whether the economy can remain on firm ground in the fourth quarter and into 2021," stated LPL Chief Market Strategist Ryan Detrick. "Barring a new round of fiscal stimulus, it's likely that growth will taper off in the fourth quarter, but we still don't expect a double-dip recession."

    Regardless of the state of economic momentum, it is remarkable that GDP is already only about 3.5% away from recovering the entire pandemic losses. The resilience of US consumers has been the top story of the recovery, even with the historic fiscal stimulus.

    The surge in growth in the third quarter may also have political implications. As we noted in our recent Weekly Market Commentary: Are the Polls Wrong Again? the average GDP growth in the second and third quarters of election years can have predictive power for who wins the election, with stronger growth favoring incumbents. However, we also point out that recessions close to elections have favored challengers, sending some conflicting market signals heading into Election Day!

    As the economy moves forward in the fourth quarter, we'll continue to monitor real-time data indicators to gauge the impact of rising COVID-19 cases on consumer and business behavior.

    Slight Dip In Consumer Confidence

    Consumer Confidence for the month of October was released earlier today and showed a slight dip relative to September. The headline index dropped from 101.3 down to 100.9 compared to expectations for a reading of 102.0. Given the rising number of cases and the upcoming election, it's not too surprising to see confidence come in a bit, so a decline of this magnitude isn't all that concerning. What is notable, though, is that even though Consumer Confidence remains right near post-COVID highs, it hasn't bounced all that much off its lows.

    (CLICK HERE FOR THE CHART!)

    Breaking out this month's report by the sentiment of consumers towards both how they feel now and what they expect in the future, the Present Situation Index rose from 98.9 up to 104.6 while the Expectations component dropped from 102.9 down to 98.4. The drop in the Expectations component of this month's report looks like it's a partial reflection of growing uncertainty regarding COVID and the election as we head into the colder months of November and December.

    (CLICK HERE FOR THE CHART!)

    In looking at the spread between Present Conditions and Expectations, it moved back into positive territory this month after dropping deeply into negative territory earlier this year. What's interesting to note about current levels is that in every prior recession since the late 1960s, by the time the spread moved back into positive territory after turning negative, the recession was already well in the rearview mirror.

    (CLICK HERE FOR THE CHART!)

    Sentiment towards jobs also suggests a relatively positive trend. At the current level of 26.5, the Jobs Plentiful index is still far from its 40+ reading before COVID, but it did increase again in October as it has now done in four of the last five months. While it's by no means a strong reading at current levels, it hasn't been getting worse either. Looking at past recessions, it wasn't until well after the recession ended that the Jobs Plentiful index started to rebound.

    (CLICK HERE FOR THE CHART!)

    Industrials Malfunction

    With poorly received earnings reports from 3M (MMM) and Caterpillar (CAT) and general weakness overall, Tuesday was just a bad day for the Industrials sector. Just five stocks in the sector were up on the day and the sector overall was down 2.2% compared to the S&P 500 which was down just 0.3%.

    (CLICK HERE FOR THE CHART!)

    The chart below shows the daily performance spread between the S&P 500 and the Industrials sector over the last year. Positive readings indicate the S&P 500 outperforming the Industrials sector and negative readings indicate that the Industrials sector outperformed the S&P 500. With the S&P 500 outperforming the Industrials sector by 1.88 percentage points on Tuesday, it was the widest performance gap (in the S&P 500's favor) since 9/21. Even more notable, though, was the fact that there have only been three other days in the last year where the Industrials sector underperformed the S&P 500 by a wider margin.

    (CLICK HERE FOR THE CHART!)

    For the sector as a whole, it currently finds itself in a precarious position. After breaking its uptrend off the March lows on 9/21, the Industrials sector bounced back and rallied back to its former uptrend line, and while it just recently made a post-COVID high, the rally ran out of steam right at the former uptrend line. In the pullback that has followed, the sector closed yesterday right at a secondary line of support from the June lows. If this level doesn't hold through today's close, the technical picture for the sector will look a lot different than the way it looked just a few weeks ago.

    (CLICK HERE FOR THE CHART!)

    All or Nothing Days Back on the Rise

    The S&P 500's A/D line for the day (number of advancing stocks minus number of declining stocks) currently stands at about -460, which would be the weakest one-day reading since June. Today's A/D reading also is notable in that it represents the tenth 'all or nothing' day for the S&P 500 since the index's last peak on 9/2. We consider 'all or nothing' days to be those days where the S&P 500's daily A/D reading is either above +400 or below -400. To put the frequency of 'all or nothing' days into perspective, while there have been ten in the last forty trading days, in the forty trading days before that there weren't any.

    The chart below shows the percentage of 'all or nothing' days on a 50-day rolling basis. The current pace of 20% is still well off the extraordinary level of 44% we saw back in late April/early May, but it is still relatively high.

    (CLICK HERE FOR THE CHART!)

    Including today, there have now been 41 'all or nothing' days so far in 2020. If the current pace for the entire year keeps up that will put us on pace for fifty days this year. If the current pace keeps up and we do reach 50 'all or nothing' days this year, it will be the third-highest annual total behind 2011 (70) and 2008 (52), but even if there isn't another 'all or nothing' day this year, 2020 would still rank fifth behind the years from 2008 through 2011.

    (CLICK HERE FOR THE CHART!)

    Earnings and Economics Diverge

    This earnings season, we have frequently mentioned how beat rates have continued to rise relentlessly. From our Earnings Explorer database, our 3-month rolling EPS beat rate currently stands at a record high of 78.19%. That is nearly 20 percentage points higher than the historical average of 59.37%. The sales beat rate is not at a record, but it too is elevated at 69.09% versus the historical average of 56.45%. That means that of the companies that have reported earnings over the past three months, a massive proportion are exceeding consensus sales and EPS estimates.

    While earnings beat rates have continued to grind higher, economic data is another story. The Citi Economic Surprise Index basically tracks macroeconomic data and how it comes in relative to forecasts. Higher readings indicate the data is trending stronger than expected and vice versa for negative readings. With the unprecedented shock to macroeconomic data in 2020, this index for the United States plummeted, but that was followed by a sharp rebound to record highs. Although the index for the US remains higher than anything prior to the pandemic, it has been heading lower since the summer. In other words, economic data is still coming in better than expected but is not massively exceeding expectations to the degree it was back in the spring and early summer.

    The two charts below compare EPS and revenue beat rates to the Citi Economic Surprise Index. Comparing the two series to the Citi Economic Surprise Index shows that while EPS beat rate has been somewhat connected (correlation: +0.325)) there is very little in the way of correlation between the Surprise Index and the revenue beat rate (+0.084). Given that EPS figures are typically easier to massage than revenues, that was a bit of a surprise. What is notable about the recent decline in the Citi Economic Surprise Index is that in prior periods where it became elevated and then pulled back as it did in (2003, 2009, and 2018), the EPS beat rate typically didn't peak and start to trend lower for another few months.

    (CLICK HERE FOR THE CHART!)

    STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending October 30th, 2020

    ([CLICK HERE FOR THE YOUTUBE VIDEO!]())

    (VIDEO NOT YET POSTED.)

    STOCK MARKET VIDEO: ShadowTrader Video Weekly 11.1.20

    ([CLICK HERE FOR THE YOUTUBE VIDEO!]())

    (VIDEO NOT YET POSTED.)

    Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-

    • (T.B.A. THIS WEEKEND.)
    ([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!]())

    (T.B.A. THIS WEEKEND.)

    (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

    Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

    Monday 11.2.20 Before Market Open:

    (CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Monday 11.2.20 After Market Close:

    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Tuesday 11.3.20 Before Market Open:

    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Tuesday 11.3.20 After Market Close:

    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    Wednesday 11.4.20 Before Market Open:

    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

    Wednesday 11.4.20 After Market Close:

    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Thursday 11.5.20 Before Market Open:

    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Thursday 11.5.20 After Market Close:

    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Friday 11.6.20 Before Market Open:

    (CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

    Friday 11.6.20 After Market Close:

    (CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

    (T.B.A. THIS WEEKEND.)

    (T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.)

    (CLICK HERE FOR THE CHART!)

    DISCUSS!

    What are you all watching for in this upcoming trading week?

    I hope you all have a wonderful weekend and a great trading week ahead r/StockMarket.

    submitted by /u/bigbear0083
    [link] [comments]

    Here is a Market Recap for today Friday, October 30, 2020

    Posted: 30 Oct 2020 01:07 PM PDT

    PsychoMarket Recap - Friday, October 30, 2020

    The stock market fell sharply today, erasing yesterday's gains to close out one of the worst weeks and worst month since March. Volatility has dominated markets in the last few weeks, with investors spooked by the uncertainty of the US presidential elections, a record number of coronavirus infections in the US and Europe, and a new wave of lockdowns across Europe.

    The tech-heavy Nasdaq (QQQ) performed the worst, ended the day 2.54% down, the S&P 500 (SPY) ended the day 1% down, and the Dow Jones (DIA) 0.52% down.

    Yesterday after-hours, heavily-weighted tech companies, like Apple (AAPL), Amazon (AMZN) Alphabet (GOOG, GOOGL), and Facebook (FB) reported their quarterly earnings. Though most reported third-quarter results that exceeded expectations, shares of these companies (except Alphabet) pulled back steeply today. After the strong performance of these stocks compared to the broader market this year, market participants had set their expectations exceptionally high. In other words, traders expected these companies to beat expectations by a much greater margin than they did. The earnings results for all these companies can be found in yesterday's issue of the daily recap.

    Today, the Federal Reserve announced it lowered the minimum loan size for its Main Street lending program to $100,000 from $250,000 and that "fees have been adjusted to encourage the provision of these smaller loans". Demand for the lending program has been weak thus far, with the Fed having offered just 400 loans totaling $3.7 billion, out of the total $600 billion capacity. As many pundits have pointed out, many small- and mid-sized businesses have stayed on the sidelines from taking on more loans that they would eventually need to pay back during the pandemic.

    Unfortunately, according to data from Johns Hopkins University, there were 88,521 new coronavirus infections reported in the US yesterday, another record, and 9,540 more cases than were reported Wednesday. The trend this week is worrying, given that only last Friday, the US set its previous record for daily new infections. According to the Washington Post, The total number of infections reported nationwide since February is virtually guaranteed to reach 9 million on Friday, just 15 days after the tally hit 8 million. At least 228,000 deaths have been linked to the coronavirus in the country.

    Europe is in the thralls of a second surge in coronavirus, with the continent now accounting for 46% of global cases and nearly a third of total deaths. According to World Health Organization (WHO) Spokesperson Dr. Margaret Harris, compared to last week, daily cases in Europe have risen by "about a third" and daily deaths by "close to 40%" this week. This month, both France and Spain have declared states of emergency, imposing more restrictions to try to ease up pressure on hospital ICU departments. In France, the worst-hit country, more than half of ICU beds are occupied by COVID-19 patients, according to the Ministry of Social Affairs and Health.

    Today is the last Friday before the US presidential election on Tuesday. Regardless of political leanings, the results of this election are sure to have a massive effect on the stock market, it'll be interesting to see how markets react to whatever the US decides.

    Highlights

    • The Centers for Disease Control and Prevention said in an announcement Friday that it will allow U.S. cruise ships to begin a phased approach to resume sailing in U.S. waters starting this Sunday. "After expiration of CDC's No Sail Order (NSO) on October 31, 2020, CDC will take a phased approach to resume cruise ship passenger operations in U.S. waters," according to the CDC's newly published "Framework for Conditional Sailing Order for Cruise Ships." Cruise stocks spiked immediately following the announcement.
    • Electric automaker Fisker completed its new spac merger and debuted at the New York Stock Exchange on Friday.
    • Alphabet's Google must tell a district court how it will respond to a federal antitrust lawsuit by mid-November, with the two sides making initial disclosures later in the month, U.S. Judge Amit Mehta said in a brief order on Friday.
    • Netflix (NFLX) on Thursday announced a price increase for U.S. subscribers. The price of a standard Netflix plan climbs by $1 a month to $13.99, from $12.99. The price for premium plans jumps by $2 a month to $17.99 from $15.99. The single-stream, non-HD basic plan remains $8.99.
    • LG Chem, Ltd, a company that supplies battery materials to Tesla, announced it was given the go-ahead to the company's management to spin-off its battery business into a new entity,
    • Facebook (FB) CEO Mark Zuckerberg said Thursday at the company's quarterly earnings call that private messaging continues to be the fastest-growing form of communication — with WhatsApp alone seeing the exchange of 100 billion messages each day. Remember Facebook owns Whatsapp.
    • Apple (AAPL) had a price target increase from Raymond James from $120 to $140 at OUTPERFORM
    • Amazon (AMZN) with several price target increases after earnings
      • Benchmark from $3800 to $4000 at BUY
      • Barclays from $3530 to $3660 at OVERWEIGHT
    • Digital Turbine (APPS) got a target increase from Craig Hallum from $24 to $38. This stock is a monster and rose after positive earnings yesterday.
    • Ametek (AME) with several target increases. Important to note stock currently $98.
      • Morgan Stanley (MS) from $112 to $117 OVERWEIGHT
      • Rosenblatt from $125 to $128 BUY
    • Activision-Blizzard (ATVI) with several target increases. Stock currently $77.77
      • Benchmark from $102 to $109 BUY
      • Piper Sandler from $96 to $102 OVERWEIGHT
      • Keycorp from $96 to $102 OVERWEIGHT
    • Facebook (FB) with several price target from very notable brokers, all with an OVERWEIGHT rating and around a $320 average price target. Too many to list individually.
    • Alphabet (GOOG, GOOGL) with many notable target increases from reputable brokerages, all with OUTPERFORM rating and around a $1900 avg price target. Too many to note in a tweet
    • Twitter (TWTR) with two target increases following disappointing earnings report, one way more bullish the other quite bearish.
      • Barclays from $30 to $36 at UNDERWEIGHT
      • Pivotal Research from $59 to $64
    • Zendesk (ZEN) with several, very bullish target increases. The stock currently $106.
      • Piper Sandler from $123 to $134 OVERWEIGHT
      • Wells Fargo (WFC) from $120 to $165 OVERWEIGHT
      • JMP Securities from $125 to $143 OUTPERFORM
    • Precious Metals outperformed the market, finishing green in an otherwise red day
      • Gold (IAU) up 0.62%, Silver (SLV) 1.29%, Gold Miners (GDX) up 1% at the time of writing

    "A person who won't read has no advantage over the one who can't read" -Mark Twain

    submitted by /u/psychotrader00
    [link] [comments]

    Watchlist: 10/30 Friday Fear

    Posted: 30 Oct 2020 04:59 AM PDT

    Market Notes:

    Yesterday I called the rally a dead cat bounce. Future are indicating this is the case, making fresh lows overnight.

    At writing futures remain in the red but less than 1% down. S&P 500 future fell more than 2% in the early morning.

    It's Friday and markets are preparing for two days without trading during a very busy news cycle. The US has set a new record high single day positive COVID-19 cases 3 of the last 6 days.

    New restrictions are possible over the weekend.

    New unemployment numbers are still high. Likely to go higher with new restrictions. One study out of the UK claims up to 20% of new cases come from restaurants.

    I don't think people will want to hold over the weekend. I'm on watch for heavy selling.

    Watchlist:

    HUSN is a low float, resistance at $2.50

    AIRI is a lowish float, support at $1.50

    AVID has resistance at $9.60

    MGEN has resistance at $1.60

    ORBC watching for a continuation

    TROX has resistance at $10

    RLGY has resistance at $12

    CYH watching for a setup above $6

    CLNY key level is at $3.75

    GNW watching for a setup above $4

    submitted by /u/tradingforkeeps
    [link] [comments]

    Analyst ratings dependable?

    Posted: 30 Oct 2020 06:37 PM PDT

    The first thing I always do when I discover a new ticker is I look up recent analyst ratings like the ones that say either downgrade, equal or overweight, or buy or neutral and whatnot with a price target issued by popular names like JP Morgan, Bank of America, Baird etc.

    So how much are those kind of ratings trustable? In terms of percentage? I've always thought at least 50-70%, but I'd also like to know what others think.

    submitted by /u/pence2024president
    [link] [comments]

    First paycheck advice

    Posted: 30 Oct 2020 07:12 AM PDT

    17 Male. I dont really wanna spend my money on bullshit, and in the future I want to own a bar. Obviously I need enough money. I just started my first job and got my first paycheck like last week. How do I get into stocks and how should I invest smartly?

    submitted by /u/CeeTheSouljah
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    Jack Ma's Ant Group IPO are coming to Hong Kong Exhange and Shanghai Exchange on Nov 5!!!

    Posted: 30 Oct 2020 05:55 AM PDT

    I am very surprised no one make a post about this.

    Jack Ma's Ant Group is expected to get least $35 billion new investments. Ant Group is Alipay , one of Chinese biggest digital payment system. The market cap is expected to be as big as JP Morgan.

    A lot of fund managers are selling some of portfolios to get some cash ready for Nov 5 IPO. I think that's the reason why we see a lot of selling this week.

    I know you can buy ETF or Alibaba in American stock markets to play Ant Groups but I want to buy their stocks directly through Hong Kong Exhange in Fidelity.

    My question is do I have to report to both IRS and Chinese Tax Agency each year? Do you have any experiences with this? And what do you guys think?

    submitted by /u/LogicX64
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    Efficient way of getting alerts

    Posted: 30 Oct 2020 03:47 PM PDT

    New 8-10x leveraged products?

    Posted: 30 Oct 2020 01:00 PM PDT

    I recently stumbled upon a few discussions in which people were discussing 8-10x leveraged individual stocks.

    For example: Alibaba Group, Tesla, and so forth.

    Someone said you had to download the nordnet app and search through bear/bull selections.

    Someone said another name for them is CFDs.

    Any of you more knowledgeable individuals know what is being referenced here? I always thought the limit was 3x leveraged products like we see with ETFs and so forth.

    submitted by /u/Godkingcoconut
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    What do I do with my Hertz stock

    Posted: 30 Oct 2020 12:00 PM PDT

    If a company (Hertz) halts trading and I still have stocks with them what happens to them? Can I leave them in there to see if they can work things out or do I try and sell them? I just read their about to take out a 4 billion dollar loan.

    submitted by /u/SupremeLoaf
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    Stock offering is actually company selling partial ownership to bank?

    Posted: 30 Oct 2020 10:24 AM PDT

    I'm following a stock that never quite goes under but they're struggling. They keep releasing new stocks below the market price but they are also partially owned by several banks after they do this. Is that offering actually them selling off part of the company for stocks or financing? Whatever the proper term is. Not to the public but too the financiers that just gave them 8 mill

    submitted by /u/h20Brand
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    IS CMT course worth it ?

    Posted: 30 Oct 2020 04:54 AM PDT

    I am very interested in stock market and was wondering if CMT - chartered market technician is a good option to learn and if this diploma has any value in job market?

    submitted by /u/curiosityv
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    Can anyone please tell me what I’m doing

    Posted: 30 Oct 2020 09:58 AM PDT

    I'm 17 and I've been into stocks for about a year now, noticing a crash thinking it's a good time to start investing but I have no idea what I'm doing or where to start, help? Please?

    submitted by /u/King0fdetroit
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    Need some advice

    Posted: 30 Oct 2020 10:15 AM PDT

    So tomorrow I will buy 10k$ of AAPL but am a litle bit septicale, do you guys have other stock were I can invest long or medium term (6month ) that are a litle less expensive then Apple ?

    submitted by /u/6mwa
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