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    Home Unlabelled Stock Market - Wall Street Week Ahead for the trading week beginning January 11th, 2021

    Stock Market - Wall Street Week Ahead for the trading week beginning January 11th, 2021

    January 08, 2021

    Stock Market - Wall Street Week Ahead for the trading week beginning January 11th, 2021

    Wall Street Week Ahead for the trading week beginning January 11th, 2021

    Posted: 08 Jan 2021 04:51 PM PST

    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 week ahead.

    Here is everything you need to know to get you ready for the trading week beginning January 11th, 2021.

    Markets face a big week of news, with stimulus at the top of the list - (Source)

    Markets will stay laser-focused on the prospect for more fiscal stimulus in the busy week ahead.

    Politics and politicians are likely to continue dominating the headlines, as Democrats seek President Donald Trump's removal after a mob of his followers took over the Capitol Building on Wednesday.

    But it is stimulus that should get the most attention from investors, who are betting the new Democratic majority in Congress will move quickly and that it could consider a package of $1 trillion or more.

    Stocks rose to record highs in the past week, boosted in large part by the idea of a bigger stimulus package.

    With Democrats now in control of the Senate and House, the incoming administration of President-elect Joe Biden is expected to deliver an even bigger stimulus package than had been expected with a divided Congress. Biden said Friday the total will be in "the trillions of dollars." The election Tuesday of two Georgia Democrats Jon Ossoff and Raphael Warnock, shifted control of the Senate to Democrats.

    While disturbing, the temporary assault on the Capitol Building did not ruffle markets, and the removal of Trump is not expected to receive enough Republican support to succeed with just days remaining in his term. Biden is scheduled to be sworn in on Jan. 20.

    "The market is willing to look through that chaos, but not through this anticipation of faster and bigger stimulus," said Art Hogan, chief market strategist at National Securities.

    Earnings, data ahead

    In the normal business of markets, fourth-quarter earnings season begins with the rollout of big banks' reports Friday, when JPMorgan, Citigroup and Wells Fargo on tap. There is also a long list of Fed speakers including Chairman Jerome Powell, who is scheduled for a webcast from Princeton University Thursday.

    On the data front, CPI inflation data is released Wednesday and December's retail sales are reported Friday.

    The consumer price index will be important, and although it is expected to show muted inflation, markets have begun to price in rising expectations in the bond market. One bond market inflation measure, the 10-year breakeven, went as high as 2.1% Thursday, meaning investors expect that to be the average level of inflation over the next 10 years.

    But strategists said little will matter but stimulus, which economists expect will ease the impact of the surging virus on the economy. The U.S. reported more than 4,000 deaths from Covid in one day for the first time Friday.

    The stock market may also begin to pause as soon as the coming week, as the virus surge continues and investors worry vaccines are being too slowly deployed,

    "You feel like this recovery rally is going to run out of legs," Hogan said. He said that with the S&P 500 up about 16% since Nov. 4, investors may begin to think it is getting ahead of itself.

    "That could be next week's business to contemplate. You're likely to take some sort of breather," Hogan said.

    Tom Lee, founder of Fundstrat, said there's a level on the S&P 500 that could be a turning point for the market. The S&P 500 closed at 3,824 Friday, up 18% for the week.

    "I think there's a chance we could be hitting 3,900 and that's a key level for markets," said Lee. "That's the level where people are looking for a local top. That's a level where we could be repelled. It's a number where if we blast through it, it would be good but if we don't break through it, it could start the correction. It's a binary risk."

    But even if there is a pullback, Lee expects the S&P 500 to reach 4,300 by year end. "I think what the stock market is saying is we're going to get a really good economy this year," he said.

    Earnings season should be a positive for stocks.

    "Uncertainty has plagued everyone, so the certainty that comes with earnings is good for stocks," said Lee.

    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!)

    Cyclicals Climb, Defensives Decline

    As we noted in yesterday's Sector Snapshot, cyclical sectors are leading the way higher in 2021 as Energy, Materials, and Financials are all up around 5% or more compared to the S&P 500's gain of a more modest 1.65% YTD. That outperformance has led to some sharp moves in the relative strength lines of several sectors. As shown below, the Materials sector and Financials have both seen sharp moves higher in their relative strength lines versus the S&P 500. For Materials, this has been part of a broader trend of outperformance (upward trending line) that has been in place over the past year. For Financials, prior to this most recent upswing, the line first began to trend higher in the late Fall but then took some pause in December. Meanwhile, Consumer Discretionary, Energy, Health Care, and Industrials have also made moves higher, albeit more modest than those of Materials and Financials.

    As for the other sectors' relative strength lines, there have been some sharp moves in the opposite direction. Starting with what had been market leaders at various points of the past year, Communication Services and Technology are perhaps some of the most notable negative reversals. For the former, the relative strength line has generally moved sideways over the past year, but since mid-December, the line has been on the decline with one of the most dramatic legs lower taking place in the past week. Tech was a consistent outperformer in the first half of 2020, but since the summer that outperformance has faltered. The sector's relative strength line peaked and has been trending sideways since the start of September and the move so far in 2021 has brought the line down towards the low end of the past few months' range. As for other sectors, Real Estate, Utilities, and Consumer Staples have been trending lower for the better portion of the past year, but with cyclical sectors flying, the relative strength lines of these more defensive sectors have made new lows this week in dramatic fashion.

    (CLICK HERE FOR THE CHART!)

    Sector Breadth Strong

    Several measures of market breadth have been showing strength recently as we noted in yesterday's Sector Snapshot. Over 80% of S&P 500 stocks trade above their 50-DMAs, more than half are overbought (at least two standard deviations above its 50-DMA), and over 20% of S&P 500 stocks reached new 52-week highs yesterday. Additionally, shorter-term breadth as measured by the 10-day advance-decline line has also been strong. Pretty much across the board, every sector's 10-day A/D line has tipped into overbought levels. That doesn't apply to only Consumer Staples and Real Estate which have more modest readings, though breadth for these sectors has still been positive recently. At the moment, Materials, Health Care, and Financials are the most overbought sectors by this measure. Overall, the sharp moves higher in the 10-day A/D lines does flash a warning sign for the very near term that things are running a bit hot.

    (CLICK HERE FOR THE CHART!)

    As previously mentioned, several sectors are reaching new 52-week highs, and given breadth has been strong to match, cumulative advance-decline lines are confirming the moves higher. As shown in the charts below, Consumer Discretionary, Health Care, Industrials, Materials, as well as the broader S&P 500 all closed at 52-week highs last week and so too did those sectors' cumulative A/D lines. While price did not close at new highs, Tech, Financials, and Communication Services also all saw new highs in their cumulative AD lines.

    (CLICK HERE FOR THE CHART!)

    Stocks Off to Strong Start to 2021

    The average stock in the Russell 3,000 is already up 5.24% year-to-date after just four trading days. And to think, major indices were down ~1% on the first trading day of the year this past Monday. Below we highlight the average YTD performance of stocks by sector in the Russell 3,000. Remember, the Russell 3,000 contains large-caps, mid-caps, and small-caps, and it covers roughly 98.5% of all US-traded market cap. As shown, Energy stocks have jumped out to the strongest start to the year with an average gain of 13.26%. Materials rank second with a gain of 9.1%, and then Industrials, Financials, Health Care, and Consumer Discretionary are all bunched together with gains between 5% and 6%. Technology stocks -- last year's big leaders -- are 'only' up 4.34% on average so far in 2021, while the Real Estate sector is the only one that has averaged declines.

    (CLICK HERE FOR THE CHART!)

    Looking at Industry Groups, while Technology as a whole is underperforming a bit, the Semiconductor group (which are part of the Tech sector) is up big with average YTD gains of 9.4%. Autos are also performing very well with a gain of 9.2%. Thank you Tesla (TSLA).

    (CLICK HERE FOR THE CHART!)

    There are already more than 600 stocks in the Russell 3,000 that are up more than 10% year-to-date. That represents 20% of the index.

    Below is a look at the top-performing stocks so far in 2021. Usually, it takes weeks or months to see YTD gains like these, but we've gotten here in just four trading days. 3D Systems (DDD) ranks first with a gain of 119%, followed by Atomera (ATOM) at 70%, ViewRay (VRAY) at 59.5%, Arcturus (ARCT) at 54%, and Akerna (KERN) at 52%. We don't fault you if you have never heard of these names!

    (CLICK HERE FOR THE CHART!)

    Equity Winners and Losers in 2020

    2020 was a good year for stock investors despite unprecedented challenges.

    After being down more than 30% at the March 2020 lows, the S&P 500 Index ended the year with a solid 18.4% total return. Last year marked the first time the index ended a year positive after being down at least 30% during that year. Gains were driven primarily by the emerging economic recovery taking hold, bolstered by massive stimulus, and the remarkably fast COVID-19 vaccine development that encouraged market participants to begin to price in the end of the pandemic.

    We take a look at some of the asset class and sector winners and losers in 2020.

    Massive growth outperformance. The growth style of investing had one of its biggest runs ever relative to the value style in 2020, benefiting from better positioning for the pandemic, superior earnings growth, and balance sheet strength. As shown in the LPL Chart of the Day, the major growth indexes returned over 30% while the value indexes produced mid-single-digit gains. The technology sector was the biggest driver of growth outperformance (about 60% of it), but the consumer discretionary sector—led by Amazon, one of the biggest stay-at-home stocks—also outperformed the broad markets and value indexes by a wide margin last year.

    (CLICK HERE FOR THE CHART!)

    Typical January Trading: Mixed Results since 2000

    Today's mixed market performance with mega-cap tech shares declining while other major indexes moving higher is not unusual behavior during January in recent years. The only difference is it has usually been tech moving higher while other areas of the market retreated. Since 2000, the S&P 500 has declined eleven times in twenty-one years in January. This recent weakness can be seen in the above January seasonal pattern chart.

    Over the last 21 years, Only NASDAQ has posted a full-month average gain. DJIA, S&P 500, Russell 1000 and Russell 2000 have all started January positive, only to surrender early-month gains by the end of the month. Weakness has historically accelerated just after mid-month, around the eleventh trading day.

    (CLICK HERE FOR THE CHART!)

    STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending January 8th, 2021

    (CLICK HERE FOR THE YOUTUBE VIDEO!)

    STOCK MARKET VIDEO: ShadowTrader Video Weekly 1.10.21

    ([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 1.11.21 Before Market Open:

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

    Monday 1.11.21 After Market Close:

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

    Tuesday 1.12.21 Before Market Open:

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

    Tuesday 1.12.21 After Market Close:

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

    Wednesday 1.13.21 Before Market Open:

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

    Wednesday 1.13.21 After Market Close:

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

    Thursday 1.14.21 Before Market Open:

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

    Thursday 1.14.21 After Market Close:

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

    Friday 1.15.21 Before Market Open:

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

    Friday 1.15.21 After Market Close:

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

    (NONE.)

    (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 week ahead r/StockMarket.

    submitted by /u/bigbear0083
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    Bitcoin rockets past 40K to fresh All-Time Highs

    Posted: 08 Jan 2021 03:07 AM PST

    Daily Market Recap - Friday, January 8, 2021

    Posted: 08 Jan 2021 01:55 PM PST

    PsychoMarket Recap - Friday, January 8, 2021

    Stocks ended a choppy at record-highs Friday as market participants shook off Wednesday's civil unrest in Washington and looked ahead towards the policy implications of the incoming Democratic Senate and Presidential administration.

    It seems that market participants, who were once concerned about the prospects of a unified Democratic government, have so far responded positively to the change. Under the new government, the likelihood of advancing additional stimulus in the near-term has greatly increased. Credit Suisse recently upgraded its 2021 outlook for the S&P 500 from 4050 to 4200, implying an additional 10% upside from current levels.

    It seems market participants have largely shaken off concerns around the political turmoil witnessed on Wednesday. In a note to clients, Raymond James analyst Ed Mills wrote, "When I look at the market reaction here … there is a recognition here that there is a certain inevitability in terms of what happens on January 20. The market is more focused on, what are the policies of the next two years with the Congress that was voted in with the final election last night? What are the policies over the next four years? They're looking at COVID, they see vaccines being distributed. They are looking at a reopening."

    The Labor Department released its December Jobs Report, which showed the first drop in payrolls since April and an unemployment rate roughly double that from pre-pandemic levels. Non-farm payroll fell by 140,000, well below the consensus estimate for a gain of 50,000. Ian Shepherdson, chief economist for Pantheon Macroeconomics, said in a note, ""Depending on the pace of vaccinations and the speed of the decline in cases — right now, they're still rising but will peak very soon — that likely means late February or March at the soonest. That, in turn, suggests no real improvement in the labor market until April."

    Highlights

    • NIO and Tesla (TSLA) were once again on fire today! Tesla is now worth over $800 billion and NIO is among the top 4 largest car companies by market cap
    • Earlier in the year, the National Highway Traffic Safety Administration (NHTSA) investigated Tesla over reports of unintended acceleration. At the time, Tesla released a statement saying the allegation came from a short seller. Today, the NHTSA said there is no evidence that vehicles accelerate without user input.
    • Ford Motor (F) and Nissan Motor (NSANY) on Friday confirmed they are cutting vehicle production at plants in the U.S. and Japan due to a shortage of semiconductors, highlighting a growing concern for the global automotive industry in 2021.
    • The UK approved Moderna's (MRNA) vaccine for use in the country. The decision comes a day after the European Bloc also approved the vaccine

    "Challenges are gifts that force us to search for a new center of gravity. Don't fight them. Just find a new way to stand." -Oprah Winfrey

    submitted by /u/psychotrader00
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    1 week from now is the time to but Twitter stocks

    Posted: 08 Jan 2021 07:00 PM PST

    After the social media giant Twitter controversially banned 45th president of the United States Donald Trump after comments he made during his most recent rally, leading to the rioting in Washington D.C many of Twitters former users are becoming more and more frustrated with the app, some of the users claim it to be anti Republican and even outright anti American, many of the users are even going as far as creating a boycotting campaign to stop the social media giant from steering the app more and more towards the left, I am forecasting a significant decrease in the Twitter stocks, as their stocks were declining near the end of the day when the news broke out, regardless, again, I predict a significant loss in Twitters stock in the next week or so, but will most likely get somewhere near or even above the current share price by the end of the month

    submitted by /u/shitass47
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    Something is gonna break TSLA. What is it?

    Posted: 08 Jan 2021 02:52 PM PST

    Obviously this is the question on everyone's mind. Not original but I'm genuinely interested to hear what ppl think. Is it just "one bad day" as the Joker says, or is there going to have to be something extreme. I'm thinking it'll be something like a missed earnings. Then it falls off 40%

    Or maybe buy the dip catches it immediately. Idk I am no god

    submitted by /u/hicestdraconis
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    Preferred Stock ETFs

    Posted: 08 Jan 2021 03:21 PM PST

    What does everyone think of preferred stock ETFs for a LONGTERM hold? I have a decent amount of cash for my more safe investing sitting around and have been feeling like even VOO and VTI too high to buy into right now. Looking for something else that's not too volatile and pays good dividends.

    Options I was looking at are PFXP and PFFD

    submitted by /u/sporter1661
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    I dont understand my portfolio value and initial cash investment

    Posted: 08 Jan 2021 05:54 PM PST

    Either im high or I dont understand simple math:

    Initial Cash investment: 9,000 Margin: 1,225.20 Total:10,225.2

    Total investment value of stocks: 10,499.57

    10,499.57 - 10,225.2 = 274.37

    Why does my GL say 90 and not 274.37

    Why does my gain/loss tab only say $90.11

    Account value and Day Change $9,274.37.

    submitted by /u/icem4n1
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    Top 50 Companies by Market Cap and the Percentage Owned of Each by Institutional Investors

    Posted: 08 Jan 2021 12:08 PM PST

    Not sure if this is helpful at all or if anyone cares, but since has been all the rage for the past ~14 months and has recently been included in the S&P 500, I checked to see what % of it was held by institutional investors, and how that compares with the other 49 of the largest companies by market cap in the world.

    Some findings:

    39.77% of Tesla is held by institutional investors. This places it #43 out of 50, and #42 out of 44 American companies. The only American companies on the top 50 with a lower percentage of itself owned by institutional investors are Wal-Mart and Berkshire Hathaway Class A shares.

    The overall average is 61.57%. For the United States, it's slightly higher at 67.36%, and for international companies, of which there are only 7, the average is much lower at 19.16%.

    The lowest is Toyota, with only 1.11% owned by institutional investors. The highest is Visa, with 92.76%.

    Sources:

    Dogs of the Dow for the highest market caps. https://www.dogsofthedow.com/largest-companies-by-market-cap.htm

    For the %s owned by institutional investors, I checked their tickers on my TD Ameritrade account.

    Google Drive link below

    https://docs.google.com/spreadsheets/d/1esjvIsQUW4Csa_hWzDIZsX7jTrI5HpGR/edit#gid=2043270138

    submitted by /u/mavenshavens
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    Adding a penny extra every day.

    Posted: 08 Jan 2021 04:21 PM PST

    So right now I'm contributing $11.20 daily towards my IRA and I'm adding a penny extra every day so tommorow I will add $11.21 and so on. I am fascinated by compound interest and wanted to achieve it sooner and better. I understand the max IRA contribution is $16.43 ($6000) which I want to try to achieve in a few years. Which I will make a taxable account and invest daily in it. I know it will stretch my finances but I hope to make more in the future and to have other assets to help contribute to retirement. Is this strategy called anything or is their a blog or a video talking about investing a penny extra every day.

    submitted by /u/ethanjohnson000
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    Just buy before the dividends and sell ?

    Posted: 08 Jan 2021 10:51 AM PST

    Hi !

    I was wondering if it was a good strategy to buy a stock market 1 day before the dividend , wait 2/3 week for the price to recover and sell.
    Then do it again and again on every stock.

    Thanks !

    submitted by /u/ImAHorseOkay
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    CFD Trading

    Posted: 08 Jan 2021 07:03 PM PST

    So I was looking into starting with CFD trading (us markets) in Canada. And I was wondering what are recommended Canadian companies with high margins? Thank you

    submitted by /u/8mrsteel
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    Tesla shorts

    Posted: 08 Jan 2021 08:11 AM PST

    As of January 4, Tesla short interest is $US31.20 billion or 44.22 million shares shorted or 5.83 per cent as a percentage of its float. In comparison, Apple short interest is a mere $US13.3 billion or 0.6 per cent as a percentage of its float.

    Tesla short positions lost around $40 billion in 2020, and almost $3 billion since the start of 2022.

    Now everyone is asking themselves who is buying this? How does it keep going up, why won't it stop.

    I believe ultimately its rise will be the reason it falls.

    When you short a stock, everyone knows you usually buy it back to stop the bleeding. The difference here is that almost all the shorts are now long, and they haven't gotten out.

    I believe we still have 90% of the short positions from June 2020 till now still holding on. Most of these institutions talk to each other, and see things like we see things on here. Now what happens when they sell.? What would Tesla be right now if it wasn't for this short squeeze?

    The shorts fueled this, and I believe it will be a chain reaction when they sell. Posts everywhere of people exiting Tesla today. If you're thinking it's smart to get out, so are institutions.

    I believe it's going to start after hours, causing the most extreme "get out now reaction"ever. It will be similar to Bitcoin in 2017 on a timeline.I think the ripple will affect a vast majority of the market due to etfs, and the recent s&p500 addition.

    Tesla is due for a 30-40% reduction from current price. And even at that it will still be vastly overvalued.

    When will this happen? Soon.

    submitted by /u/Optionbelfort
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    Issue with Fundamental Index Investing

    Posted: 08 Jan 2021 12:39 PM PST

    I posted this on r/investing and wanted to get it out here as well...

    So I'd been thinking about equal weighted ETFs and run into what seems to be an inherent weakness of the approach. The idea is to have equal exposure to all stocks in a given index which makes sense- broad exposure is a good thing. But to take it through a concrete example, there seems to be a bit of a paradox. If a particular stock is a 'winner' and shooting through the roof, the fund would continuously sell off and allocate into 'loosers'. Let's say an equal weighted index at the start of 2020 held xxx percent Tesla, they would have to sell the stake as Tesla goes up; if not, Tesla would otherwise make up a greater percentage of the portfolio than the initial (xxx) where it would resemble a mkt cap weighted index.

    I'd guess an optimal approach be purchasing equal weighted and then letting it go from there? But I am sure I am missing something. Fundamental indices exist for a reason so what am I getting wrong - enlighten me!

    submitted by /u/ds1749320
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    Sell $3500 in good stock or Sell to pay off $3000 Credit Card debt??

    Posted: 08 Jan 2021 07:34 AM PST

    • $1325 in delta
    • $717 in American Air
    • $266 in Tesla
    • $750 in Amazon
    • $653 in Under Armor

    Overall I've gained 44% or about $1100. Should I get rid of my debt completely or keep these and keep paying the $50ish a month in CC interest charges? Also will me selling these for cash make me lose a lot to taxes?

    submitted by /u/eknelson
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    What are the implications when institutional ownership is over 100%?

    Posted: 08 Jan 2021 02:15 PM PST

    New to DD. Had been looking into this company. It seems odd to me that they have over 100% institutional holders. That would mean they are working with short sellers. But then why do they want to do it? Price manipulation? Does it also mean that they don't want retail investors to join their game?

    submitted by /u/soronruphys
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    Apple and Hyundai

    Posted: 08 Jan 2021 04:28 AM PST

    Apple-"Hey Hyundai, would you guys like to add Apple car play to your next lineup of cars "

    Hyundai-"yeah, and that's when Apple asked us to manufacture their next vehicle for them, I couldn't believe it either"

    submitted by /u/SuperInsane13
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    $AVCT (American Virtual Cloud Technology) DD

    Posted: 08 Jan 2021 04:50 PM PST

    just bought nio FOMO before nio day

    Posted: 08 Jan 2021 10:27 AM PST

    I have no idea if prices will rise on monday or drop but i got in at about 58 dollars and will hold. it went down even more after rising about 59 so hopefully my timing was ok. new to this.

    submitted by /u/Restaurant-Awkward
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    Stock Market News for Today | TSLA vs FB | LMND SPIKES | APPLE CAR & other stock market news [01-08]

    Posted: 08 Jan 2021 05:18 AM PST

    Stocks finish at all-time highs as Tesla passes Facebook in market value. Lemonade rises by more than 20% again while reports continue to come in on the Apple Car. 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 a big rally in the stock market after the Biden confirmation and Trump called for a smooth transition with the tech heavy Nasdaq Composite recovering the previous day losses and closing at over 13K. We also saw the broad stock market SP500 gaining almost 1.5% and finishing over 3800 while the Dow Jones also posted a gain of over 200 points to close at just over 31k with all 3 of the big indexes finishing at new records. This broad rally pushed the VIX down, as the volatility index finished the day lower by more than 10% as 9 of the 11 SECTORS finished in the Green with Technology leading the way up 2.7%, while Utilities was the biggest laggard dropping by 1.3%.

    Growth companies largely outperformed yesterday with both small and large cap growth companies posting big gains across the board, while value plays lagged behind, as 2/3 of the companies were advancing YESTERDAY with over 300 new highs on average volume.

    So, let' take a look at the HEAT MAP from yesterday, as big tech companies flourished with the likes of Apple, Google, Microsoft, Facebook, Nvidia, Tesla and many more posting gains at least 2%, while most of the losses were concentrated in the Chinese stocks that are being delisted and the more value heavy utilities sector.

    Yesterday we also received the investor sentiment SURVEY, which saw a worrying move in the stock market, as bullish investors surpassed 50% of the total investors and is near the 1-year high from November. Most of this move to the bullish side came from neutral investors, which are way below the historical average, which probably decided to get back in the market, rushing in the clean energy sector, the industrials and many others after the Democrats swept the Georgia election. I remind you that I usually use this survey as a contrarian indicator, when sentiment moves to this much greed in the market, I usually don't like to add to my positions, as I await to buy stocks on red days.

    We also received some economic data yesterday, as we saw December's homes for SALE fall to an all-time low, below 700K as the housing market keeps on booming, with homes selling faster by about 2 weeks compared to last year while the national inventory dropped by almost 40% since last year, as the median listing price was $340K, up over 13% since 2019.

    Today is a quieter economic day, with the biggest number coming in the early morning as we wait to see the non-farm payrolls.

    In some other stock market news, we saw Nikola joining the broad rally in the EV STOCKS yesterday which pushed almost every single stock higher, while we also saw a report from JP Morgan on some possible good developments on their trucks. I don't believe in this company, it's bad history, bad management and reputation will hurt it in the long even if they manage to develop a decent product, which is still to be seen, as they haven't really brought anything innovative to the market.

    One other stock that rose yesterday was Lemonade, as the stock spiked more than 27% yesterday, after the company was pitched by the Motley Fool yet again. I really like this company, and I think it has major disruption potential in the insurance world, so I agree with this report. The stock did suffer a slight pullback about a week ago after a report from The Friendly Bear but I don't believe it will have a long-lasting effect, as I believe this stock has great growth potential.

    Apple also seems to be confirming the previous reports and is in talks with Hyundai about a development of a self-driving EV, as we heard something about this from Hyundai before some confusion made them kind of back out of the previous statement. This report is pretty much as anticipated, as Apple would probably be looking to either collaborate on manufacturing with a traditional car manufacturer or actually just acquiring pretty much any one of them.

    We also saw Snowflake regain some momentum yesterday, rising by more than 13% despite the expiration period of another 38M shares. The latest IPOs and small-cap stocks have recently been able to raise a lot of capital as investors seem to be grabbing any share available at almost any price regarding valuations. This is a very dangerous thing yet again. This kind of stuff was happening in the last dot com bubble, though… I don't really expect anything like that to happen with the overall stock market, but I think we might see some stocks have a big crash when valuations start to come back in the mind of investors.

    Meanwhile we saw 2 big milestones for Tesla & Elon Musk yesterday as the company passed Facebook as market value goes as Tesla is seeing huge trading volumes as yesterday, it traded more shares than the next 3 big movers Apple, Alibaba and Amazon, while Elon Musk became the richest man in the world, on the back of a 16% increase in Tesla stock already in 2021.

    And two last pieces of good news are that the it's expected the FED will likely hold rates near zero until 2024 while Pfizer's vaccine seems to be working as expected on multiple mutations, especially the latest highly transmissible one.

    So, let's hope for a good day as the European markets and the US FUTURES are up to start off the day, with the Nasdaq Leading the way up over half a percent.

    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
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    GOEV/CANOO Force webinar notes 01/08/2021

    Posted: 08 Jan 2021 08:09 AM PST

    -robust interest in MPDV. Can't disclose numbers yet.

    -partnership(s) confirmed. Craig Erwin knows more but could not disclose. Paul also wouldn't disclose but said they will announce it at time.

    -01/13/2021 Canoo/hyundai presentation on ces 21 tech event https://www.cnet.com/roadshow/news/roadshow-ces-2021-panel/

    submitted by /u/Freduf
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    Whats Going on With E-Commerce Sector?

    Posted: 08 Jan 2021 10:01 AM PST

    Sponsored Post:

    With the increasing online payment platforms, choosing the fastest and easiest way for transactions has the seniority. With its biggest e-commerce portals in its side, including an agreement from a subsidiary. Red hot charts for this industry could escalate. What do you think about this?

    Check disclaimer on profile and landing page.

    submitted by /u/LopezM52
    [link] [comments]

    Will Tesla fall back down?!

    Posted: 08 Jan 2021 09:44 AM PST

    General thoughts seem to be that TSLA stock is overpriced right now, but the fact that it has remained so high for so long has made me question when, or even if it will fall back down. I am 15 currently and looking to buy a few tsla shares, I was considering buying yesterday, but thought it would peak around $800 then fall back down, but today it has risen up further, with no signs of stopping. I am curious to see what this subreddit has to say on this matter. Do u guys think tsla is overpriced - if so how long is it before it falls? I'd love to hear opinions :)

    submitted by /u/thet0m09
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    Today's Pre-Market Movers & News [Friday, January 8th, 2021]

    Posted: 08 Jan 2021 05:25 AM PST

    Good morning traders and investors of the r/StockMarket sub! Welcome to Friday. Here are your pre-market movers & news this AM-

    (CLICK HERE TO VIEW THE FULL SOURCE!)

    Today's Top Headlines for Friday, January 8th, 2021

    1. Wall Street set to continue its record run

    U.S. stock futures rose Friday, one day after the Nasdaq closed at a record high. The Dow Jones Industrial Average and S&P 500 also closed Thursday at records. Both benchmarks were tracking for weekly gains despite Monday's sharp drops, the first negative starts to a new year since 2016. The Nasdaq was also solidly higher for the week as Wall Street powered higher over the past two days despite Wednesday's deadly siege at the U.S. Capitol and its fallout.

    Bitcoin, which topped $40,000 on Thursday for the first time ever, passed $41,000 on Friday. The world's largest cryptocurrency has been up more than 30% in the first days of 2021 and 400% over the past 12 months. The value of the entire crypto market, which is made up of bitcoin and other digital coins, topped $1 trillion Thursday for the first time.

    Tesla shares marched higher in Friday's premarket after rising 10 sessions in a row, surpassing Facebook in market value, and making CEO Elon Musk the world's richest person. Thursday's increase in Tesla's share price pushed Musk past Amazon's Jeff Bezos, who had been the richest person since 2017.

    2. December jobs report could be weaker than forecast

    The pace of job growth likely slowed dramatically and could even be negative in December, as the coronavirus spread rapidly across the U.S. Economists expect to see a gain of 50,000 jobs, down from 245,000 nonfarm payrolls additions in November. The Labor Department's monthly employment report is out at 8:30 a.m. ET, and the stock market could react more to a positive surprise than a negative one. The 10-year Treasury yield remained above 1% early Friday ahead of that report.

    3. Trump finally concedes Biden will become president

    President Donald Trump late Thursday admitted — for the first time in his own words, despite vowing never to concede — that a "new administration will be inaugurated" on Jan. 20. In a nearly three-minute video, posted after his Twitter lockout ended, Trump did not mention President-elect Joe Biden by name. It came a day after the outgoing president sparked the riot that saw a mob breach the U.S. Capitol in protest of the election.

    4. Pelosi, Schumer call for Trump removal from office

    Senate Democratic Leader Chuck Schumer and House Speaker Nancy Pelosi are calling for Trump's removal, accusing him of inciting "insurrection." Schumer said that if Vice President Mike Pence and the Cabinet do not move to invoke the 25th Amendment, Congress should reconvene to impeach Trump.

    Pelosi said Congress "may be prepared" to impeach Trump if executive branch officials do not act.

    Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo were among the Cabinet secretaries who discussed the possibility of invoking the 25th Amendment to remove Trump, three sources told CNBC. They determined the process of elevating Pence to the presidency could take more than a week, diluting its effects.

    5. Single-day Covid deaths top 4,000 for first time

    The U.S. had its first day of over 4,000 deaths from Covid-19. In the single worst day of the pandemic Thursday, 4,085 people died from the virus. The latest coronavirus surge iaw record seven-day averages of new daily infections and deaths running at 228,497 and 2,764, respectively. As of Thursday, the number of people hospitalized with Covid fell slightly from Wednesday's record high levels.

    A coronavirus vaccine developed by U.S.-based Pfizer and Germany's BioNTech appears to be effective against a key mutation in the more infectious variants of the coronavirus discovered in the U.K. and South Africa. The research by Pfizer has not been peer reviewed. The World Health Organization said last month that health authorities were "urgently investigating" whether the virus mutation affects vaccine performance.

    STOCK FUTURES CURRENTLY:

    (CLICK HERE FOR STOCK FUTURES CHARTS!)

    YESTERDAY'S MARKET MAP:

    (CLICK HERE FOR YESTERDAY'S MARKET MAP!)

    TODAY'S MARKET MAP:

    (CLICK HERE FOR TODAY'S MARKET MAP!)

    YESTERDAY'S S&P SECTORS:

    (CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

    TODAY'S S&P SECTORS:

    (CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

    TODAY'S ECONOMIC CALENDAR:

    (CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

    NEXT WEEK'S ECONOMIC CALENDAR:

    (CLICK HERE FOR NEXT WEEK'S ECONOMIC CALENDAR!)

    NEXT WEEK'S UPCOMING IPO'S:

    (CLICK HERE FOR NEXT WEEK'S UPCOMING IPO'S!)

    NEXT WEEK'S EARNINGS CALENDAR:

    ([CLICK HERE FOR NEXT WEEK'S EARNINGS CALENDAR!]())

    (N/A.)

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    ([CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!]())

    (NONE.)

    EARNINGS RELEASES BEFORE THE OPEN TODAY:

    ([CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!]())

    (NONE.)

    EARNINGS RELEASES AFTER THE CLOSE TODAY:

    ([CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!]())

    (NONE.)

    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #4!)

    YESTERDAY'S INSIDER TRADING FILINGS:

    (CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)

    TODAY'S DIVIDEND CALENDAR:

    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK!)

    THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

    • SRNE
    • FTFT
    • TSLA
    • IPOC
    • IPOE
    • MU
    • MARA
    • SRPT
    • WKHS
    • LGHL

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Tesla (TSLA) – Tesla remains on watch after rising for 10 sessions in a row, surpassing Facebook (FB) in market value, and making CEO Elon Musk the world's richest person. The company's shares rose 3.8% in premarket trading as of 7:35 a.m. ET.

    STOCK SYMBOL: TSLA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Micron Technology (MU) – Micron reported quarterly earnings of 78 cents per share, 7 cents a share above estimates. The chipmaker's revenue also topped Wall Street forecasts. Micron gave upbeat current-quarter guidance, saying that the market for dynamic random access memory chips (DRAM) appears to have bottomed and is on the rebound. Micron's shares rose 3.5% in the premarket.

    STOCK SYMBOL: MU

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Boeing (BA) – Boeing reached a $2.5 billion settlement with the Justice Department, in which it admits employees misled regulators about safety issues that preceded two fatal crashes involving the 737 Max jet.

    STOCK SYMBOL: BA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Sarepta Therapeutics (SRPT) – Sarepta said its gene therapy treatment for Duchenne muscular dystrophy did not meet one of its main goals in a study, sending the shares plunging 47% in premarket trading.

    STOCK SYMBOL: SRPT

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Apple (AAPL) – South Korean automaker Hyundai Motor is walking back earlier confirmation of electric car talks with Apple, saying it was in talks with "potential partners" while removing references to Apple. Its comments follow reports that the two companies were discussing a joint venture involving electric cars and batteries. Apple shares rose 1.2% in the pemarket.

    STOCK SYMBOL: AAPL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Pfizer (PFE) – The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) appears to be effective against new variants of the virus, according to a study conducted by the drugmaker. That study has not yet been peer-reviewed.

    STOCK SYMBOL: PFE

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    SolarWinds (SWI) – SolarWinds — the IT management software company that was victimized by hackers in a widespread breach — has hired a new consulting firm run by former U.S. cybersecurity chief Chris Krebs and former Facebook chief security officer Alex Stamos.

    STOCK SYMBOL: SWI

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Niu Technologies (NIU) – Niu shares are rising in the premarket after the China-based electric scooter maker reported a more than 40% jump in fourth-quarter sales compared to a year earlier.

    STOCK SYMBOL: NIU

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    PriceSmart (PSMT) – PriceSmart reported quarterly earnings of 90 cents per share, beating the 68 cents a share consensus estimate. The shopping warehouse club operator's revenue came in above estimates as well. Sales rose more than 8% as customers continued to stock up on staples amid the pandemic.

    STOCK SYMBOL: PSMT

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    F5 Networks (FFIV) – F5 Networks announced the acquisition of privately-held cloud software company Volterra for $500 million. The networking technology company also raised its long-term financial targets.

    STOCK SYMBOL: FFIV

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Goodyear Tire (GT) – The tire maker was upgraded to "outperform" from "sector perform" at KeyBanc, which sees better-than-expected sales as well as profit margin expansion for Goodyear. The company's shares rose 4% in the premarket.

    STOCK SYMBOL: GT

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    MicroStrategy (MSTR) – The business analytics company continues to see its stock rise as its bitcoin holdings surge in value. MicroStrategy made more than $1 billion in bitcoin purchases during 2020. MicroStrategy shares climbed 6.7% in premarket trading.

    STOCK SYMBOL: MSTR

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    DR Horton (DHI) – The home builder was upgraded to "outperform" from "sector perform" at RBC Capital Markets, saying the company was well-positioned to capitalize on continued strength in the new housing market. The company's shares were up 1.3% in the premarket.

    STOCK SYMBOL: DHI

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    FULL DISCLOSURE:

    /u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.

    DISCUSS!

    What's on everyone's radar for today's trading day ahead here at r/StockMarket?

    I hope you all have an excellent trading day ahead today on this Friday, January 8th, 2021! :)

    submitted by /u/bigbear0083
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    How do you research European tech stocks?

    Posted: 08 Jan 2021 08:33 AM PST

    Hi,

    I'm trying to do more research into potential companies to invest in in Europe. Particulalry growth and tech stocks. But fining it quite difficult to research potential investments.

    Does anyone invest much in EU tech? If so, how do you research companies and which ones are you most excited about?

    Thanks

    submitted by /u/tadhg8811
    [link] [comments]

    How is there anyone left to buy?

    Posted: 08 Jan 2021 12:10 PM PST

    When you see a positive headline, where does the money come from? People have already been buying for 9 straight months. How is there any wood left for this fire? Same with tesla, where do these billions just come from that take it higher every day? Like who takes their billions of dollars and says "gee I sat on the sideline of tesla for the last year, time to get in today" and drops that kind of money? I don't understand where the money flow is coming from. You can tell me "stimulus" but its not, the money flowing in is more than that every day, and its not like those people are waiting for the "postive news" headline. Like say a bank upgrades tsla and it goes up 100 in a day...its not like people with $600 stimulus checks were like, "gee now its time to buy because of this analyst mark up". I just don't get it. And if they were pulling from other stocks, then they would be down, but nothing is down. I just don't understand the math here.

    submitted by /u/stilloriginal
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