| Wall Street Week Ahead for the trading week beginning January 4th, 2021 (Happy New Year r/StockMarket!) Posted: 31 Dec 2020 02:05 PM PST Good Thursday evening to all of you here on r/StockMarket. Happy New Year's Eve! I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week, month and year ahead. Here is everything you need to know to get you ready for the trading week beginning January 4th, 2021. Politics will be front and center as a catalyst in the first week of the new year - (Source)
Stocks exit 2020 with strong gains and are riding a tailwind, but already in the dawn of the new year, the market could face its first big challenge.
The final outcome of the 2020 election plays out Tuesday, when voters in Georgia will pick their senators and decide which party controls the U.S. Senate.
With President-elect Joe Biden heading to the White House and a Democratic-controlled House of Representatives, Wall Street has been comfortable with the view that Biden and the Democrats could not succeed with tax hikes and more progressive policy changes while Republicans hold the Senate.
The runoff election for the two Senate seats Tuesday is widely expected to result in one or both of the incumbent Republican senators retaining their seats. But Democrats are close in the polls and should they win, each party would have 50 seats with Vice President-elect Kamala Harris the tie breaker.
"Georgia is the most important thing to the Biden presidency for the next two years," said Ed Mills, Washington policy analyst at Raymond James. "It's going to determine what is the legislative agenda and who can get confirmed by the United States Senate."
Sen. David Perdue is being challenged by Democrat Jon Ossoff, while GOP Sen. Kelly Loeffler is running against Democrat Raphael Warnock. None of the candidates had more than 50% of the vote in the Nov. 3 election, so Georgia law requires a runoff election between the two leading candidates for each seat.
"It's a binary event," said Mills, adding it's of growing interest to markets. "The general sense for the market is that Republicans are well positioned to maintain their majority in the Senate. But I think the 2020 election as well as the 2016 election and to some extent, the 2018 election has humbled us … The Senate outcomes, in particular, seem to be less predictable than almost any other elections."
Mills said the results may take several days to determine, adding to the uncertainty the event could hold for markets. According to an RBC investor survey, 88% expect Republicans to maintain control, and most say that is a positive for the stock market.
"The market tends to shoot first and ask questions later. There will certainly be a reaction if Democrats win both those seats," said Peter Boockvar, chief investment officer at Bleakley Advisory Group. Strategists say there could be a relief rally if Republican incumbents see a clear victory.
"That totally dominates [trading] because it's about do we have status quo or do we have Democrats controlling all parts of Washington and what that means for spending and taxes," Boockvar said. "I think you could see the worries about taxes overwhelming any thoughts on the benefits of more spending" by Democrats.
By the numbers A year of extreme volatility ended with a big win for stocks, as the pandemic steered the course for markets. The S&P 500 was up 16.3% for the year, ending at 3,756. That gain comes after a 34% decline early in the year, followed by a powerful more-than 65% rebound. Technology was the big winner for the year, and the Nasdaq was up 43.6% at 12,888.
Besides the runoff vote, the market will be watching a stream of data in the coming week, including the important December jobs report Friday. That could show fewer than 100,000 jobs were added as the spreading virus impacted hiring and layoffs. There were 245,000 jobs created in November.
There is also ISM manufacturing data Tuesday, and a number of Fed speakers, including Vice Chairman Richard Clarida on Friday.
The virus itself could also be a factor for stocks.
Conventional wisdom for the coming year has been that vaccines will be widely distributed, and by the second half things will start to get back to normal and the economy will pick up. But the initial distribution has been slow, and far short of the 20 million targeted for December by President Donald Trump's task force.
In that recent RBC survey, three quarters of investors were optimistic about vaccine distribution with 80% expecting a majority to be vaccinated by the end of 2021. "We suspect that the positive outlook for the stock market and the economy would deteriorate if expectations for a smooth vaccine rollout are not met," RBC strategists wrote.
They also noted that nearly 60% of the investors surveyed believe high stock market valuations are problematic.
"This suggests to us that any threat to the economic and earnings recovery story could spark profit-taking. On this point, it is worth noting that the vaccine was the No. 1 issue keeping investors up at night, closely followed by monetary policy and excessive optimism on the recovery," the strategists noted.
Chris Rupkey, chief financial economist at MUFG Union Bank, said investors will also be watching the formal acceptance of the Electoral College vote Wednesday. Strategists expect the vote count to confirm Biden's presidency.
However, Missouri Sen. Josh Hawley says he will challenge the certification, and several House Republicans have already vowed to contest the election at that time. If one House member and a senator jointly object to a state's slate of electors, the two houses of Congress must separately debate and vote on the objection.
Strategists see little chance of any impact on the election outcome, but there could be fireworks. Trump has been claiming since the election that there was fraud but multiple courts failed to find any truth to the claims.
Rupkey said investors are not taking into account enough potential for political risk from the deep animosity between the two political parties.
"I think the additional stimulus and hopes for additional stimulus, and infrastructure spending in 2021, I don't know that that is such a slam dunk, because of the issue of political instability," he said.
This past week saw the following moves in the S&P: Major Indices for this past week: Major Futures Markets as of Thursday's close: Economic Calendar for the Week Ahead: Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close: S&P Sectors for the Past Week: Major Indices Pullback/Correction Levels as of Thursday's close: Major Indices Rally Levels as of Thursday's close: Most Anticipated Earnings Releases for this week: Here are the upcoming IPO's for this week: Thursday's Stock Analyst Upgrades & Downgrades:
Why A Year-End Rally Bodes Well For 2021 Welcome to the last day of 2020! It has been a devastating year in so many ways, yet for investors it has been quite rewarding. Much of the gains in 2020 have taken place the final two months, with the S&P 500 Index up more than 14% in November and December so far, the best end to a year since WWII. A big end of year rally could have bulls smiling in 2021. "Turns out a 10% or more gain the final two months of the year has equaled a higher S&P 500 the following year every single time since World War II," explained LPL Financial Chief Market Strategist Ryan Detrick. "In fact, January was also higher every single time as well, so maybe this strong rally to end the year is a clue for higher prices into next year." As shown in the LPL Chart of the Day, the S&P 500 gained an average of more than 18% the year following a 10% or more surge during the final two months of the year. Meanwhile, January was up 5 for 5 as well, rising an impressive 3% on average. Here's what the average year looks like after the prior year gains 10% or more the final two months compared to a typical year. Once again, strong returns are the playbook historically. We wish everyone a happy and safe New Years Eve and we'll see you in 2021!
Fifty to Zero in 283 Days In a year with some pretty crazy charts, the one below is right up there with some of the best. After all the markets have been through this year, bot the S&P 500 and Long-Term Treasuries have seen nearly identical returns on a total return basis. That's right, with just a few hours left in the trading year, the S&P 500's total return in 2020 has been a gain of 17.6%, while Long Term US Treasuries, as measured by the B of A Merrill Lynch Long-Term Treasury Index has rallied 17.3%. What makes this nearly identical performance all the more incredible is that on March 23rd, the performance gap between the two was more than 50 percentage points. The fact that stocks and bonds have essentially seen identical returns this year isn't typical. The chart below shows the annual performance spread between the S&P 500 and long-term US Treasuries going back to 1978. During that time, the S&P 500 has historically outperformed long-term US Treasuries by an average of 3.9 percentage points per year, but the average gap in performance between the two has been over 15 percentage points. In the 43 years since 1978, there have only been seven other years where the performance spread between the two asset classes was less than five percentage points and just two years (1985 and 1992) where the performance spread was less than a percentage point.
Back-to-Back Big Years for Technology With just two trading days (including today) left in 2020, the S&P 500 Technology sector is on pace for its second year in a row of rallying more than 40%. Going back to 1990, the only time the Technology sector experienced back-to-back returns of more than 40% was in 1998 and 1999. Back then, not only was the Technology sector up 40%+ in back-to-back years, but it was also up over 75% in both of those years. If you think markets are pretty crazy these days, they still have nothing on the last two years of the 1990s! In terms of cumulative returns, the Technology sector is up 210% since the last trading day of 2018, whereas in 1999 it was up 317% in a two-year span. What's also interesting to note about the last 31 years of returns for the Technology sector is how it has only experienced five down years, while the S&P 500 has been down in ten different years during that span. Furthermore, since 2009 there has only been one down year and the decline was a paltry 1.6%. Not a bad 12-year run! Given that the sector has more than doubled in the last two years, there have been some big individual winners. Topping the list with a gain of just under 400% is Advanced Micro Devices (AMD). On the last day of 2018, AMD traded hands for under $20 per share. Today's it's over $90. AMD has a lead of more than 100 percentage points over the next closest stock - NVIDIA (NVDA) - which is up 288%. Interestingly, there aren't a lot of major outliers to the upside compared to the sector's 210% gain, but that's because Apple (AAPL), the sector's largest stock, has paced the sector's gains by rallying more than 240%. On the downside, just four stocks in the Technology sector have declined in the last two years. The worst of these has been DXC Technology (DXC) which has lost more than half of its value, while Juniper (JNPR) and HP Enterprise (HPE) are down between 10% and 20%. Lastly, FLIR Systems (FLIR) has declined less than 2%, so depending on how it acts in the next two days, it could move into positive territory just as Intel (INTC) did yesterday after Third Point bailed it out and moved the stock barely into positive territory for the last two years.
Growth Dragging on Small Caps In the past couple of weeks, we have frequently been keeping tabs on small-cap equities which have been particularly strong performers of late resulting in very overbought readings as well as extended valuations. More specifically, taking a look at growth-oriented small-caps, with only a couple days left in the year small-cap growth stocks—proxied by the Russell 2000 Growth ETF (IWO)—are on pace to have outperformed large-cap equivalents in 2020. On December 10th, IWO surpassed the S&P 500 Growth ETF (IVW) in terms of YTD performance, and even after pulling back in the past week, IWO is still in the lead. As a result of recent moves, there has been a sharp reversal on a relative basis between the two ETFs in the past week. In the chart below, we show the ratio of the Russell 2000 Growth ETF (IWO) versus the S&P 500 Growth ETF (IVW). This ratio took off beginning in the early fall meaning small-cap growth drastically outperformed large-cap growth. But the former's weakness in the past several days has put a halt to that move. As to just how sharp of a reversal this was, in the five days through yesterday's close, the decline in the ratio of IWO to IVW was the largest since June. Before that, April and March saw declines that were even larger. Not only was this one of the biggest drops in the relative performance of small-cap growth to large-cap growth in the past few months, but that also stands in the bottom 0.5% of all readings going back to 2000 when the ETF first began trading. Outside of this past spring, the only other periods that have also experienced this type of underperformance of small-cap growth relative to large-cap growth was at various points in 2011, 2008, and a handful of times in the early 2000s. Small-cap underperformance has not necessarily been broad though. For value stocks, small caps (IWN) have generally outperformed large caps (IVE) for the entirety of the new bull market. While there was a bit of a turn lower in recent days, it has been nowhere close to as dramatic of a move as growth stocks. In the charts below, we show average performance over the past week of Russell 2000 stocks broken into deciles based on their price to sales and price to book ratios. As shown, the most aggressively valued deciles have averaged the worst performance in the past week. Stocks with low P/S and P/B ratios have not been immune from the weakness, but they have held up significantly better.
STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending December 31st, 2020 STOCK MARKET VIDEO: ShadowTrader Video Weekly 1.3.21
Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
- $MU
- $BBBY
- $SMPL
- $WBA
- $STZ
- $RPM
- $MSM
- $CAG
- $UNF
- $HELE
- $ANGO
- $SGH
- $AYI
- $REVG
- $LW
- $WDFC
- $LNN
- $LNDC
- $SAR
- $RGP
- $GBX
- $ACCD
- $DCT
- $FC
- $NTIC
- $SCHN
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 1.4.21 Before Market Open: ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) (NONE.) Monday 1.4.21 After Market Close: ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!]()) (NONE.)
Tuesday 1.5.21 Before Market Open: Tuesday 1.5.21 After Market Close:
Wednesday 1.6.21 Before Market Open: Wednesday 1.6.21 After Market Close:
Thursday 1.7.21 Before Market Open: Thursday 1.7.21 After Market Close:
Friday 1.8.21 Before Market Open: ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) (NONE.)
Friday 1.8.21 After Market Close: ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) (NONE.)
Micron Technology, Inc. $75.18 Micron Technology, Inc. (MU) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, January 7, 2021. The consensus earnings estimate is $0.71 per share on revenue of $5.73 billion and the Earnings Whisper ® number is $0.78 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat The company's guidance was for earnings of $0.40 to $0.54 per share. Consensus estimates are for year-over-year earnings growth of 69.05% with revenue increasing by 11.39%. Short interest has decreased by 20.0% since the company's last earnings release while the stock has drifted higher by 53.6% from its open following the earnings release to be 46.1% above its 200 day moving average of $51.46. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, December 30, 2020 there was some notable buying of 14,441 contracts of the $72.50 call expiring on Friday, April 16, 2021. Option traders are pricing in a 7.5% move on earnings and the stock has averaged a 7.5% move in recent quarters.
Bed Bath & Beyond, Inc. $17.76 Bed Bath & Beyond, Inc. (BBBY) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, January 7, 2021. The consensus earnings estimate is $0.21 per share on revenue of $2.77 billion and the Earnings Whisper ® number is $0.31 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 155.26% with revenue increasing by 0.39%. Short interest has increased by 0.3% since the company's last earnings release while the stock has drifted lower by 3.0% from its open following the earnings release to be 40.2% above its 200 day moving average of $12.66. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, December 22, 2020 there was some notable buying of 6,626 contracts of the $19.00 put expiring on Friday, January 15, 2021. Option traders are pricing in a 17.0% move on earnings and the stock has averaged a 15.4% move in recent quarters.
Simply Good Foods Company $31.36 Simply Good Foods Company (SMPL) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, January 6, 2021. The consensus earnings estimate is $0.20 per share on revenue of $208.89 million and the Earnings Whisper ® number is $0.23 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 9.09% with revenue increasing by 37.29%. Short interest has increased by 5.9% since the company's last earnings release while the stock has drifted higher by 52.9% from its open following the earnings release to be 47.2% above its 200 day moving average of $21.31. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, December 23, 2020 there was some notable buying of 508 contracts of the $30.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 17.5% move on earnings and the stock has averaged a 5.3% move in recent quarters.
Walgreens Boots Alliance Inc $39.88 Walgreens Boots Alliance Inc (WBA) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, January 7, 2021. The consensus earnings estimate is $1.02 per share on revenue of $34.89 billion and the Earnings Whisper ® number is $1.11 per share. Investor sentiment going into the company's earnings release has 55% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 25.55% with revenue increasing by 1.60%. Short interest has decreased by 15.2% since the company's last earnings release while the stock has drifted higher by 9.7% from its open following the earnings release to be 1.0% below its 200 day moving average of $40.29. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, December 31, 2020 there was some notable buying of 14,690 contracts of the $40.00 call expiring on Friday, February 19, 2021. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 4.9% move in recent quarters.
Constellation Brands, Inc. $219.05 Constellation Brands, Inc. (STZ) is confirmed to report earnings at approximately 7:30 AM ET on Thursday, January 7, 2021. The consensus earnings estimate is $2.39 per share on revenue of $2.22 billion and the Earnings Whisper ® number is $2.45 per share. Investor sentiment going into the company's earnings release has 54% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.68% with revenue increasing by 1.76%. Short interest has decreased by 37.7% since the company's last earnings release while the stock has drifted higher by 14.7% from its open following the earnings release to be 22.6% above its 200 day moving average of $178.74. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, December 24, 2020 there was some notable buying of 2,291 contracts of the $212.50 call expiring on Friday, January 8, 2021. Option traders are pricing in a 5.6% move on earnings and the stock has averaged a 4.0% move in recent quarters.
RPM International Inc. $90.78 RPM International Inc. (RPM) is confirmed to report earnings at approximately 6:45 AM ET on Wednesday, January 6, 2021. The consensus earnings estimate is $1.00 per share on revenue of $1.46 billion and the Earnings Whisper ® number is $1.10 per share. Investor sentiment going into the company's earnings release has 40% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 31.58% with revenue increasing by 4.19%. Short interest has decreased by 23.0% since the company's last earnings release while the stock has drifted higher by 4.5% from its open following the earnings release to be 15.8% above its 200 day moving average of $78.42. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 2.5% move in recent quarters.
MSC Industrial Direct Co. Inc. $84.39 MSC Industrial Direct Co. Inc. (MSM) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, January 6, 2021. The consensus earnings estimate is $1.07 per share on revenue of $774.61 million and the Earnings Whisper ® number is $1.15 per share. Investor sentiment going into the company's earnings release has 25% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 11.57% with revenue decreasing by 5.95%. Short interest has decreased by 21.2% since the company's last earnings release while the stock has drifted higher by 27.3% from its open following the earnings release to be 22.5% above its 200 day moving average of $68.91. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 5.0% move on earnings and the stock has averaged a 3.4% move in recent quarters.
Conagra Brands, Inc. $36.26 Conagra Brands, Inc. (CAG) is confirmed to report earnings at approximately 7:30 AM ET on Thursday, January 7, 2021. The consensus earnings estimate is $0.73 per share on revenue of $2.99 billion and the Earnings Whisper ® number is $0.77 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat The company's guidance was for earnings of $0.70 to $0.74 per share. Consensus estimates are for year-over-year earnings growth of 15.87% with revenue increasing by 6.00%. Short interest has increased by 17.1% since the company's last earnings release while the stock has drifted higher by 0.3% from its open following the earnings release to be 3.7% above its 200 day moving average of $34.96. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, December 21, 2020 there was some notable buying of 4,915 contracts of the $38.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 6.7% move in recent quarters.
UniFirst Corporation $211.69 UniFirst Corporation (UNF) is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, January 6, 2021. The consensus earnings estimate is $1.68 per share on revenue of $440.79 million and the Earnings Whisper ® number is $1.79 per share. Investor sentiment going into the company's earnings release has 18% expecting an earnings beat The company's guidance was for earnings of $1.55 to $1.70 per share on revenue of $433.00 million to $443.00 million. Consensus estimates are for earnings to decline year-over-year by 33.33% with revenue decreasing by 5.29%. Short interest has decreased by 62.4% since the company's last earnings release while the stock has drifted higher by 10.4% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release.
Helen of Troy Ltd. $222.19 Helen of Troy Ltd. (HELE) is confirmed to report earnings at approximately 6:45 AM ET on Thursday, January 7, 2021. The consensus earnings estimate is $3.10 per share on revenue of $560.13 million and the Earnings Whisper ® number is $3.25 per share. Investor sentiment going into the company's earnings release has 55% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 5.08% with revenue increasing by 17.99%. Short interest has increased by 53.4% since the company's last earnings release while the stock has drifted higher by 10.9% from its open following the earnings release to be 19.2% above its 200 day moving average of $186.47. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 7.0% move on earnings and the stock has averaged a 6.1% move in recent quarters.
DISCUSS! What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great trading year ahead r/StockMarket. submitted by /u/bigbear0083 [link] [comments] |
| Coinbase is expected to IPO at 20-30 Billion Dollars Posted: 05 Jan 2021 02:05 PM PST "Coinbase was valued at more than $8 billion in 2018 after a $300 million funding round led by Tiger Global Management. The company, started in 2012, has raised more than $500 million from backers that also include Andreessen Horowitz, Y Combinator and Greylock Partners, according to its website. Coinbase said it has has more than 35 million verified users in more than 100 countries and more than $25 billion in assets on its platform." " We expect the coinbase to go public at a valuation above $20 Billion. Retail investors will likely push the valuation to more than $30 Billion. During their last fundraising round their valuation was $8 Billion. " https://twitter.com/CopalCapital/status/1346218450864074752 I personally don't see how they can retain their advantage if banks and other organizations offer exchange services. I don't see the value tbh. submitted by /u/_WinnerTakesAll_ [link] [comments] |
| Nio's upcoming sedan will not be a competitor to the Model 3 Posted: 05 Jan 2021 02:16 PM PST According to this post by cntechpost, one of the founders of Nio said the ET7 will be a competitor to the BMW 7 series as opposed to the mass produced Model 3. Also in a video made by DONGXii, Li Bin CEO of Nio responded to one user saying that price could be 500 000 yuan = ~$77 000 USD which makes sense if the car is suppose to be competitive to the BMW 7 series as BMW 7 starts at $86 000 USD. I think we all were expecting a mass produced sedan that is suppose to rival the Model 3 and to be similar in price too. Wouldn't be surprised if they do indeed release one in the future since they started off with the ES8 which is the most expensive car in their lineup, and then releasing cheaper cars like the ES6 and the EC6. submitted by /u/newbie_3297 [link] [comments] |
| Daily Market Recap - Tuesday, January 5, 2020 Posted: 05 Jan 2021 03:39 PM PST PsychoMarket Recap - Tuesday, January 5, 2021 Stocks rose Tuesday as market participants await results from Georgia's runoff election and continue to monitor rising coronavirus cases in the US and abroad. Since Novemeber, market participants have closely monitored developments around Georgia's runoff Senate election, which is set to decide the balance of power in the Senate. In other words, whichever party wins the election in Georgia will have the majority position in the Senate. Currently, Republicans maintain a narrow majority in the chamber, with 50 seats to the Democrat's 48 when excluding Georgia. If the Democrats win both seats in Georgia they will have a majority because, in the case of a tie, the Vice-President is able to cast the deciding vote. The market favors a divided government because it ensures the regulatory environment will remain little changed. Under a Republican-controlled Senate, the incoming Biden administration will likely be unable to advance many of its campaign promises, including raising corporate taxes and minimum wages, and unveiling reforms around education, housing, and climate change, which could all impact various pockets of the market. However, under a unified Democratic government, Congress is likely to pass a larger additional stimulus package to further support the economy in the near-term. Sadly, new coronavirus cases in the US hit a staggering one-day record of nearly 300,000 over the weekend, according to Johns Hopkins University, most likely attributed to the increase in travel during the holiday period. Despite repeated warnings from health officials about the dangers of traveling, in the last two weeks of December, the TSA reported more than 7 million people were screened at airport security checkpoints. There are now nearly 21 million cases, 128,000 hospitalizations, and 352,000 deaths attributed to the virus in the US alone. Hospital systems across the country are quickly becoming overwhelmed. In California, officials say ICU units in at least two regions are filled to practical capacity. And because of resource limitations, Los Angeles County ambulance crews have been instructed not to transport any patient in blunt traumatic or nontraumatic cardiac arrest if they can't first be resuscitated in the field. As of Monday morning, the first doses of a COVID-19 vaccine had been given to more than 4.5 million people in the U.S., far below the Trump Administration promise of vaccinating 20 million Americans by years-end. Dr. Anthony Fauci, said President-elect Joe Biden's goal of ramping up distribution to vaccinate 100 million people in his first 100 days was a "realistic goal," according to an interview with ABC on Sunday. In the United Kingdom, Prime Minister Boris Johnson ordered a national lockdown through at least mid-February in an effort to stop the spread of the new, more-infectious COVID-19 strain detected a few weeks ago. He said: "Our hospitals are under more pressure from COVID than at any time since the start of the pandemic. It's clear that we need to do more together to bring this new variant under control while our vaccines are rolled out." Under the lockdown, people will only be allowed to leave their homes for a limited number of reasons, including shopping for essentials, going to work if they cannot work from home, exercising, seeking medical advice and providing care. Schools are also shutting down. Highlights - There were conflicting reports today, with some outlets saying Jack Ma, founder of Alibaba (BABA) and Ant Group, is missing after criticizing the Chinese government while others say he is fine, just "laying low".
- Crude oil prices topped $50 per barrel for the first time since February, a remarkable comeback given at one point oil was worth negative $37.
- Amazon (AMZN) purchased 11 planes after confirming it has plans to build its own fleet. Previously the company used leased aircrafts.
- After falling more than 40% yesterday, QuantumScape (QS) stock rose around 20% today. Absolutely crazy price action
- Electric cars rise to a record 54% market share in Norway. Seems everywhere in the world people are buying more electric vehicles.
- According to a report by Bloomberg, Apple (AAPL) supplier Foxconn Technology Group signed a strategic cooperation deal with embattled Chinese electric-vehicle startup Byton with aims to produce a car by Q1 of 2022.
- Autodesk (ADSK) target raised by Keycorp from $310 to $345 at Overweight. Stock currently around $296.
- Arvinas (ARVN) target raised by Cantor Fitzgerald from $66 to $121 at Overweight. Stock currently around $83.
- HCA Healthcare (HCA) target raised by Deutsche Bannk from $150 to $180 at Buy. Stock currently around $163.
- Micron Technology (MU) with two target raises. Stock currently around $74.
- Deutsche Bank from $75 to $85 at Buy
- Royal Bank of Canada from $57 to $83 at Outperform
- Sunnova Energy (NOVA) target raised by Goldman Sachs from $45 to $60 at Buy. Stock currently around $45.
- Nevro (NVRO) target raised by Robert W. Baird from $180 to $200 at Outperform. Stock currently around $170.
- SVB Financial Group (SIVB) wtih two, bullish target raises. Stock currently around $387.
- Royal Bank of Canada from $320 to $437 Outperform
- Raymond James from $225 to $400 Outperform
- Synopsys (SNPS) target raised by Keycorp from $265 to $290 at Overweight. Stock currently around $254.
- Welbilt (WBT) target raised by Keycorp from $11 to $18 at Overweight. Stock currently around $12.50.
"You get in life what you have the courage to ask for." - Oprah Winfrey submitted by /u/psychotrader00 [link] [comments] |
| Stock Market News for Today | Start of the next crash? BILI | QS & Other Stock Market News [01-05] Posted: 05 Jan 2021 05:45 AM PST Stocks take a plunge to start 2021, so is this the start of the next stock market crash? Why did QuantumScape take a plunge yesterday? Let's talk about this and other stock market news ~Very Long Post~ Hello everyone and Good Morning! So, let's start with the recap of yesterday as we saw the broad stock market having a red day ahead of important events like the Georgia Election of Today, while the US Congress is scheduled to certify the electoral results tomorrow, which will remove any remaining uncertainty due to the political environment as the next president will be inaugurated 2 weeks after that. Yesterday both the broad stock market SP500 and the tech heavy Nasdaq Composite finished down almost 1.5% while the Dow Jones did slightly better finishing down 380 points, finishing down on the first trading day of the year for the first time since 2016, as all 3 of them did recovered somewhat after trading even lower intraday. We also saw the VIX rising more than 4 points or 18.5%, finishing the day near the 27 level which hasn't been touched since after the November elections. We saw most of the companies losing ground yesterday with the number of stocks that were trading above the 50-day moving average finally going down below 60%, which in my opinion is a good & healthy correction & consolidation for the stock market, as the volume did pick up after the year-end slow markets. Yesterday 10 of the 11 SECTORS finished in the red with Real Estate, Utilities & Industrial losing more than 2.4% while the only small gaining sector was Energy. Meanwhile on a FACTOR basis the market was more neutral, with most of the groups finishing pretty flat, but the HEAT MAP from yesterday reveals to us a bloodbath pretty much in the market as stocks were dropping left & right with only a couple of companies posting gains like Tesla, Zoom, Walmart alongside the semis & materials. I think this slight pullback was expected by most analysts, as the greed and bullishness in the stock market was still very high to end the year, as we ended the year with more than 46% of investors having a bullish sentiment, pretty near the 1-year high of 55% achieved after the election in November. We didn't receive many important economic data yesterday, as the construction spending came in at a .9% increase in November, slightly lower than expected and the previous month, but in aggregate it was an increase of 3.8% year/year, while the Manufacturing PMI index came in at just over 57, better than expected and the previous reports, with production growth and new orders being the biggest catalysts. While TODAY we receive auto sales numbers, the Redbook chain store sales & the manufacturing index from the ISM. Meanwhile, today we do start to see some of the most anticipated earnings results as this will pick up starting in the middle of January. In some other stock market news, we saw QuantumScape plummeting more than 40% yesterday after they filled to sell more than 300M shares, as this will significantly affect the shares float and the dilution of the company. This is a very high risk with most of the high-flying stocks right now, as the companies are incentivized to issue shares to raise capital, regardless of the share dilution and the impact on shareholders. You can also see this with Bilibili that just filled for a $2B offering in Hong Kong. We also saw Taiwan Semi announced a record CAPEX spending for this year, as they continue to invest in capital expenditure to improve process capacity and future products as they are expected to have the leading market share in foundry business this year, which has seen a 24% increase year/year to over $84B. Meanwhile, the New York Stock Exchange reversed its decision on delisting Chinese telecom companies which finished the day down, but all of them have seen a huge spike after this reversal in after-hours, while most of the Chinese EVs and not only those, but pretty much the whole industry, saw a big spike yesterday after strong sales to finished the year and strong reported demand from China. In the auto-industry we also saw Fiat Chrysler finally agree on a merger with PSA. The merger will conclude with the company becoming the world's fourth largest carmaker. They do unfortunately have a lot of things to figure out, as neither of the companies has much exposure in the biggest auto-market in the world, China. So, let's also take a look at what has usually happened in the stock market after a decline of at least 1% in the first trading day of the year. You can see this has happened 18 times with the Dow Jones, but this has led the index to finish down only 40% of the time in January and for the year, while for the SP500 this has happened just 12 times, but also only saw a decline for the month and for the year of about 42% of the time, with the last 2 of the 3 times that this has happened being at the end of the dot com bubble and in the 2008 big financial crisis. So, I think yesterday was a good mix of political volatility combined with profit taking after a huge run in 2020, portfolio rebalancing and of course the treat of new lockdowns just like they started in the UK, which is a pretty perfect storm for the market to have a bad day. I don't think there is any crash possibilities, but a correction or pullback is possible in the short-term before moving on higher as companies start to have easy comps, restrictions get eased and many more good things toward the end of the year. So, let's hope for a good day today instead in the market as the US FUTURES seem to be pointing to a red open, with the, while the rest of the world is pretty mixed with Japan, France and Germany down, while China & Hong Kong are up Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! Have a great day and see you next time! submitted by /u/0toHeroInvesting [link] [comments] |
| I have $20,000 Posted: 05 Jan 2021 12:38 PM PST Okay, I'm not very savvy on the stock market, but I want to own a restaurant one day (I'm 18) but I ended up getting 20k from suing this kid because he shot me in the face with a pellet gun. Anyway, for all you smart fellows out there, could any of you give advice on what to do with this money? I plan on joining the military once I finish high school and using the GI bill for a business degree. But in the mean time, I'm looking to multiply my money. submitted by /u/arsonlay [link] [comments] |
| A college kid’s portfolio Posted: 05 Jan 2021 06:45 PM PST Hi, I'm currently 19 years old in college studying Cybersecurity + Comp sci, and I only have a job in the summer. I invested around 50% of my money and here is my portfolio. I use fidelity, so I'm not sure how to get the %. I feel as I'm im too invested into tech and EV companies, and I need to be more diverse. I like to be aggressive I will just list each stock and how many shares lol. Nio: 44 shares | cost $4/share TQQQ: 4.5 shares | cost $77/share FSCSX: 28 shares | cost $21/share QQQJ: 22 shares | cost $26.75/share PANW: 2 shares | cost $261/share ARKW: 3.37 shares GE: 36 shares SQ: 1.6 shares JNUG: 1.6 shares SPCE: 7 shares FSR: 10 shares WKHS: 3 shares PBR: 4 shares I'm open for any suggestions! submitted by /u/Professional-Local-6 [link] [comments] |
| Trump blocks alipay, wechat, etc... Posted: 05 Jan 2021 05:22 PM PST This is great news. Either play by the same rules on dont play. The full list of apps includes: Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office. "The pace and pervasiveness of the spread in the United States of certain connected mobile and desktop applications and other software developed or controlled by persons in the People's Republic of China... continue to threaten the national security, foreign policy, and economy of the United States," the order reads submitted by /u/halal_jihadist [link] [comments] |
| I need some advice!!! Posted: 05 Jan 2021 06:37 PM PST I have 7k to invest and would appreciate some solid advice. 1. How many different stocks should I invest in? 2. How much money should I invest into each stock? 3. What are some solid long term stocks that you truly believe in and why? submitted by /u/Ebyrdsrome [link] [comments] |
| My friend sent me a promo code for a stock trading app. I've never traded stocks before but I've been considering giving it a try but I have some concerns and wondering if I can get some advice? Posted: 05 Jan 2021 04:38 PM PST First off they had horrible reviews about customer service. Mostly about cashing out money. My friend said it's easy to buy and sell stocks. I've had 401ks for long term but had to cash them out like a lot of people but just started a new job and will definitely enroll in a 401k program again. He was telling me about penny stocks and day trading. I don't have a lot of money to start with and I'm not trying to get rich just have a little fun and maybe make a few bucks. I don't think the mods allow specific app to be named and I don't ask anyone to name any but should I just count on throwing some money away before any success? Any advice would be helpful. Thanks submitted by /u/ATXKLIPHURD [link] [comments] |
| Artificial intelligence Posted: 05 Jan 2021 04:38 PM PST In your opinion, Over the next 10 years which A.i (artificial intelligence) companies do you think dominate the stock market? personally i feel it will be Alphabet Tencent Nvidia Amazon 📈🤖📈🤖📈 submitted by /u/jazmaniandevil420 [link] [comments] |
| Credit Suisse says Aramco may revive RIL deal if oil prices continue to rise Posted: 05 Jan 2021 08:03 PM PST Foreign brokerage firm Credit Suisse believes that global oil NSE 2.50 % producer and refining giant Saudi Arabian Co, better known as Saudi Aramco, may revive its interest in buying the 20% stake in Reliance Industries NSE -0.62 % Ltd's energy business if global crude oil prices continue their upward trend. "The deal is not yet closed and with Saudi Aramco not bidding for BPCL (Bharat Petroleum NSE 0.96 % Corp), it is possible that with recovery in oil prices above $50-55/bbl, the deal could be revived," the brokerage house said in a note. submitted by /u/nasirbobby [link] [comments] |
| Best stock and ETF trading apps for European citizens. Posted: 05 Jan 2021 12:12 PM PST I am from Europe and right now searching for the best app or platform to buy ETF or Stocks. Some local sites in my country seem too sketchy for me and my Bank seems too expensive in commissions, stock traders from Europe what app you can suggest for a beginner? submitted by /u/Thranduil88 [link] [comments] |
| 20yr. I have £600. I want to invest. what should I do? Posted: 05 Jan 2021 06:10 PM PST Hi I'm a 20yr old student who want to start investing (U.K.) I'm currently studying from home due to corona and is currently getting £600~ furlough from my job and I will be getting the same amount for the next few months as it seems due to the lockdowns. My goal is to hopefully accumulate some money during my looks like 'long' 4 years of university ahead and use that money for emergency situations and when I get out of uni (invest until I retire) I have dug a little research from YouTube/online and found places like etoro, trading212, robinhood but I can't decided as there has been mixed reviews everywhere I read lol. I know that there's always a risk but right now I'm thinking of going with vanguard but I don't know where to start. It's a bit embarrassing to ask but I've always believed that it's better to ask than forever stay in silence not knowing - so please educated me, advice and all help will be appreciated and thank you in advance :) submitted by /u/Askaskask89 [link] [comments] |
| Suggestions about my growth portfolio? Posted: 04 Jan 2021 09:20 PM PST Ranked by portfolio composition: Stocks: NIO - 11.06% ENPH - 9.48% PST H - 8.63% SQ - 7.98% NET - 7.74% NVDA - 6.64% AMZN - 6.52% GRWG - 6.32% TDOC - 5.02% CRSR - 5.01% SPCE - 4.42% The last 14% of my portfolio is in bitcoin. (Avg price: 13560$) I have a capital of about 16000 right now and I am planning to add/dca in the future. I am rather young so I can tolerate risk and have plenty of time to hold. submitted by /u/MoarTarriffs [link] [comments] |
| C4 Imaging Announces Sirius Positive Signal MRI Marker Given FDA 510(k) Clearance for Use with Isoray’s Cesium-131 Brachytherapy Seeds to Treat Prostate Cancer Posted: 05 Jan 2021 03:52 PM PST |
| R&D Looking Good �� Posted: 05 Jan 2021 02:51 PM PST |
| Weekly Stock Market Review Posted: 05 Jan 2021 12:44 PM PST |
| So Europcar is under going debt-restructuring/insolvancy discussions where banks will own 96%+ of the cap table at the end of the deal, how common and what is next? Posted: 05 Jan 2021 09:39 AM PST So it seems like corporate in the travel / aviation industry that has been showing growth in the last couple of years based on debt are now paying the price, first Hertz now EuropeCar my question is, what happens to companies owned by banks, I don't imagine banks want anything to do with owning businesses. second how common is this? submitted by /u/AnusMistakus [link] [comments] |
| Suggestions on my growth prtfloio Posted: 05 Jan 2021 09:25 AM PST Stocks: BABA 23% AAPL 13% VOO 11% ARKW 10% ARKG 10% GBTC 11% TECHY 7% TTWO 15% I plan on keeping these stocks for at least 1 year before I decide to do something else Any suggestions? submitted by /u/jadfawaz29 [link] [comments] |
| Low risk low return or high risk high return? Posted: 05 Jan 2021 09:14 AM PST 2020 was rough year, but nevertheless stock market has performed quite well: S&P 500 +16.26%; Nasdaq +43.64%; Russell 2000 +18.36% I believe there are 3 types of investors out there: Low risk, low reward = Save and preserve what you have - invest using low risk tools to generate small return and basically preserve your wealth (e.g., bonds, high yield saving accounts, etc.) -3% annual return, with close to 0 downside Medium Risk, Medium reward- Take a little bit of risk make extra income and attain specific goal (buy a car, education for kids, etc.) - medium risk, medium reward - 5-15% annual return. For example, invest into SP500 index or ETF, but with the risk that market may dip such as in 2020 when shares tumbled 33.9% in a 23-day period from February through March 23 High risk, high reward - make a priority attain specific financial goal as fast as possible regardless of risk (e.g., Bitcoin, SP500 3x leverage ETF) - 15%+ annual return but with possibility of drawdown of 70%. In 10 years SP500 (VOO ETF) grew almost ~385%, but SP500 3x (SPXL) grew ~2000%, but SPXL saw a drop of 70% and recovered Which one are you and why? submitted by /u/mikalaisin [link] [comments] |
No comments:
Post a Comment