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    Home Unlabelled Stock Market - SEC Chief Signals New Rules That Could Threaten Robinhood, Citadel

    Stock Market - SEC Chief Signals New Rules That Could Threaten Robinhood, Citadel

    May 06, 2021

    Stock Market - SEC Chief Signals New Rules That Could Threaten Robinhood, Citadel

    SEC Chief Signals New Rules That Could Threaten Robinhood, Citadel

    Posted: 06 May 2021 10:51 AM PDT

    Can anybody explain this??? Seeing just on Google so far.

    Posted: 06 May 2021 11:18 AM PDT

    Square reports $3.51 billion in bitcoin revenue via its Cash app for first quarter of 2021

    Posted: 06 May 2021 02:15 PM PDT

    Buffet BRK.A - buy the dip

    Posted: 06 May 2021 02:43 PM PDT

    Here is a Market Recap for today Thursday, May 6, 2021

    Posted: 06 May 2021 01:33 PM PDT

    PsychoMarket Recap - Thursday, May 6, 2021

    Remarkably, despite many individual companies pulling back steeply today, the three major indexes finished the day positive, driven by gains in financial stocks and stability in mega-caps. Growth stocks and more speculative plays have been hit hard by a combination of inflationary fears and recent suggestions by monetary officials that the interest rate should be raised. The S&P 500 (SPY) closed the day 0.81%, less than 1% below it's record high. The Dow Jones (DIA) recorded a new intraday record while the Nasdaq (QQQ) closed 0.76%. Market participants continue to monitor commentary from monetary officials, ongoing earnings season, and new economic data, particularly the April Jobs Report set for release tomorrow morning.

    After reclaiming the leadership in April as the best performing sector in the SPY, so far in May we have seen investors rotate out of big tech stocks and into financial stocks, with many big banks pushing all-time highs today. Market participants are worried that a suggested raise in interest would affect the already stretched valuation of some companies. Given the rally the market saw in April, some analysts are worried that positive catalysts for equities are getting harder to achieve and may be running out. The economy in the US is recovering faster than initially predicted by analysts, with this earnings season seeing 86% of companies in the S&P 500 that have reported earnings beat estimates, according to data from FactSet.

    Treasury Secretary Janet Yellen suggested that interest rates may need to rise in the near-term to prevent the economy from overheating, with the recent economic data and corporate earnings showing economic activity recovering much faster than expected as effective distribution of the vaccine in the US allows states to gradually reopen. Yellen said, "It may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat, even though the additional spending is relatively small relative to the size of the economy. It could cause some very modest increases in interest rates to get that reallocation, but these are investments our economy needs to be competitive and to be productive. I think our economy will grow faster because of them." In later remarks, she added that raising rates was not something she was predicting or recommending and that the decision ultimately rests with the Federal Reserve. She said, "Let me be clear, that's not something I'm predicting or recommending. If anybody appreciates the independence of the Fed, I think that person is me."

    The Labor Department will release its April jobs report on Friday, which is expected to show a staggering nearly 1 million payrolls came back last month, accelerating March's gain. As a reminder, in March, the Department of Labor reported nonfarm payrolls increased by 916,000 for the month while the unemployment rate fell to 6% (unemployment rate was 14.6% in April 2020). Economists surveyed by Dow Jones had been looking for an increase of 675,000 and an unemployment rate of 6%.

    Highlights

    • Weekly unemployment claims fell to 498,000 last week—a new low since the Covid-19 pandemic began more than a year ago. The four-week average of initial claims is also at the lowest point since the pandemic began. Read more here.
    • The Bank of England upped their growth estimates for the economy of the UK, anticipating GDP will grow 7.25% in the country, up from its forecast for 5% growth in February. The BOE also now sees inflation averaging 2.5% in 2021, up from its prior forecast for 2%, but said the rise in price pressures will likely be "temporary."
    • NIO announced the company will expand into Norway, with the group's first service and delivery center set to open in the capital Oslo in September.
    • A lot of stocks pulled back despite posting better than expected earnings. The market is very narrow right now, with gains concentrated in the financials, energy, and mega-caps.
    • IBM introduced what it says is the world's first 2-nanometer chip making technology. The technology could be as much as 45% faster than the mainstream 7-nanometer chips in many of today's laptops and phones and up to 75% more power efficient, the company said. Read more here.
    • **Please note that current stock price was written premarket and does not reflect intraday changes.*\*
    • Agio Pharmaceuticals (AGIO) target raised by Canaccord Genuity from $57 to $65 at Buy. Stock currently around $53
    • Allegro MicroSystems (ALGM) target raised by Mizuho from $35 to $38 at Buy. Stock currently around $25.
    • Amazon (AMZN) with a host of target raises. Consensus price target $4150 at Buy. Stock currently around $3270
    • Booking (BKNG) with two target raises. Stock currently around $2338
      • Deutsche Bank from $2600 to $2665 at Buy
      • Barclays from $2710 to $2740 at Buy
    • Burlington Stores (BURL) target raised by Morgan Stanley (MS) from $317 to $385 at Overweight. Stock currently around $327
    • CareDX (CDNA) target raised by Piper Sandler from $93 to $100 at Overweight. Stock currently around $73
    • Comcast (CMCSA) with two target raises. Stock currently around $56
      • Goldman Sachs from $62 to $64 at Buy
      • Raymond James from $61 to $63 at Outperform
    • Caesars Entertainment (CZR) target raised by KeyCorp from $110 to $125 at Overweight. Stock currently around $102
    • Dell Technologies (DELL) target raised by Morgan Stanley from $120 to $127 at Overweight. Stock currently around $103
    • DexCom (DXCM) with three target raises. Stock currently around $366
      • Raymond James from $449 to $466
      • Canaccord Genuity from $445 to $455
      • Citigroup from $480 to $488
    • Equitable (EQH) target raised by Morgan Stanley from $44 to $45 at Overweight. Stock currently around $35
    • Floor & Decor (FND) target raised by Wedbush from $110 to $130 at Outperform. Stock currently around $113
    • Gilead Sciences (GILD) target raised by SVB Leerink from $72 to $74 at Outperform. Stock currently around $66.5
    • General Motors (GM) with three target raises. Stock currently around $57.5
      • Barclays from $64 to $66
      • Royal Bank of Canada from $67 to $72
      • Deutsche Bank from $67 to $70
    • HubSpot (HUBS) with four target raises. Stock currently around $503
      • Needham & Co from $520 to $600
      • Piper Sandler from $600 to $615
      • Morgan Stanley from $567 to $605
      • BMO Capital Markets from $565 to $585
    • InMode (INMD) with two target raises. Stock currently around $81
      • Canaccord Genuity from $80 to $95 at Buy
      • Robert W Baird from $84 to $104 at Outperform
    • JP Morgan (JPM) target raised by Wells Fargo from $190 to $195 at Overweight. Stock currently around $157
    • Mastercard (MA) with two target raises. Stock currently around $369
      • Mizuho from $430 to $435 at Buy
      • Jefferies from $440 to $450 at Buy
    • McDonald's (MCD) with a host of target raises. Consensus price target $260 at Outperform. Stock currently around $235
    • NuVasive (NUVA) with two target raises. Stock currently around $70
      • Piper Sandler from $75 to $80 at Overweight
      • Needham & Co from $70 to $80 at Buy
    • OSI Systems (OSIS) with two target raises. Stock currently around $95
      • B. Riley from $104 to $118 at Buy
      • Roth Capital from $108 to $122 at Buy
    • Paypal (PYPL) with a host of target raises. Consensus price target at $320 at Overweight. Stock currently around $247
    • UBER target raised by Deutsche Bank from $82 to $85 at Buy. Stock currently around $48. Gig-economy stock has been hammered by recent talks from the Secretary of Labor in the US

    "Patience is not simply the ability to wait – it's how we behave while we're waiting." – Joyce Meyer

    submitted by /u/psychotrader00
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    Make the bleeding stop ��

    Posted: 06 May 2021 12:06 PM PDT

    Cathie Wood’s ARK Invest Buys Over 1.5 Million Shares of Palantir

    Posted: 06 May 2021 06:33 AM PDT

    Cathie Wood's ARK Invest Buys Over 1.5 Million Shares of Palantir

    Chris LangeMay 4, 2021 11:53 pm

    One ARK exchange-traded fund run by ETF star Cathie Wood bought over 1.5 million shares of Palantir Technologies Inc. (NYSE: PLTR) shares on Tuesday, as the prices of this ETF traded down over 3% in Tuesday's session. The ETF is up well over 100% in the last year.

    ARK Innovation ETF (NYSEARCA: ARKK) bought 1,514,080 shares of Palantir. At Tuesday's closing price this would have valued this purchase at roughly $32.8 million. This is only a small fraction of the total holdings. ARKK is up 112% over the past 52 weeks.

    24/7 Wall St. recently reported on Palantir:

    This company came public as a direct listing and struggled out of the gate, but the stock seems to be taking off now. Palantir Technologies Inc. (NASDAQ: PLTR) builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations.
    The company offers Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, which enables users to identify patterns hidden deep within datasets, ranging from signals to intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
    The company also provides Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data, and it allows individual users to integrate and analyze the data they need in one place.

    Catherine Wood, the CEO and CIO of ARK Investment Management LLC is a minority and non-voting shareholder of 24/7 Wall St., LLC, owner of 247wallst.com.

    submitted by /u/Tanneen
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    Should I invest in the S&P 500 2021?

    Posted: 06 May 2021 10:35 AM PDT

    Hi everyone. So I am a teenager and have been into the stock market for quite a while now. I have lately made quite a lot of money from cripto, and since I understand they are very risky and volatile, I was wondering if i should invest the money that I made into an index fund. I know index funds are a very safe investment long term, and that's what i'm looking for, however, I am worried that due to the amount of money that the federal reserve printed to combat the covid economic crisis, the S&P 500 will crash soon because of inflation. I don't know if I should invest now or wait for it to crash. What are your thoughts?

    submitted by /u/_shitfuck_
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    Why $OPEN (Opendoor) will dominate the real estate market!

    Posted: 06 May 2021 05:05 PM PDT

    ​

    • 8.9% of consumers are planning to move in the next 6 months. This is a 20 year high!
    • Lumber prices are at all-time highs continuing to push up home prices
    • Lumber production was at a 13 year high in February, pointing to the strong demand
    • Buffer agrees, saying - "We've got nine home builders in addition to our manufactured housing and operation, which is the largest in the country. So we really do a lot of housing. The costs are just up, up, up."
    • March saw 1.7m housing starts which seem high but is actually average for historical standards if you zoom out.
    • On a population-adjusted basis, we built only HALF the homes we historically would have built during the 2010s.
    • $OPEN has proven its ability to pivot with changes in the market as they were able to post strong numbers through 2020.
    • $OPEN has more homes for sale than rivals Zillow and Offerpad combined!
    • $OPEN's increased scale gives them more data and a better ability to fine-tune their machine learning algorithms
    • $OPEN plans to double available markets to 42 this year
    • $OPEN is selling at <1x sales whereas $Z sells at ~8x!
    • $OPEN is projected to have similar growth and better ibuying margins

    All of this paints a fairly bullish outlook for Opendoor long-term. This is one of the few SPACs Cathie Wood has maintained strong ownership in, and I expect it to pay future dividends for those who follow her lead. Thoughts anyone?
    Source: $XHB $Z $OPEN threads on StockTalk

    submitted by /u/TheNewUsed
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    My Watchlist For 5/7/2021 - Idiot Proof with Stop Loss and Risk Management

    Posted: 06 May 2021 04:52 PM PDT

    Why does coinbase stock keep dropping when crypto keeps going up?

    Posted: 06 May 2021 02:52 AM PDT

    I don't get it.

    Shouldn't crypto track with coinbase?

    submitted by /u/AgentCodyBanksAMA
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    Should I take profits if so how much?

    Posted: 06 May 2021 07:54 PM PDT

    Hello everyone I'm 17 years old from Texas and I am currently using a UTMA Fidelity Custodial Account. Over the past 2 years I have been investing in the market and have come to the realization that I am not completely comfortable not taking profits on a trade I made awhile back. Therefore I would like to take some profit off the table. (See down below)

    Stock: Southwest $LUV Date Purchased: May 25th 2020 Total again: 90% Shares: 60 Account Weight: 25%

    As you can see with this holding in my portfolio taking up so much I think it's a good idea to take some profit, now I have several questions before doing so. (See down below)

    1. Should I take profits?
    2. If so, how much of the position should I sell?
    3. Should I wait till the 25th of this month to wait for long term capital gains?

    Thank you all for the entertainment and knowledge, please leave any questions, comments, or concerns down below!

    submitted by /u/BakedBreadReddit
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    Top 15 Cryptocurrency by Market Capitalization - 2014/2021

    Posted: 06 May 2021 06:07 AM PDT

    DR. Shmuel Banai of Neovasc, Inc...$NVCN, has been formally accused of fraud in the U.S. Anyone associated with this fraudulent company, risks destroying their good reputation.

    Posted: 06 May 2021 09:45 AM PDT

    Trading in an overvalued market?

    Posted: 06 May 2021 07:40 AM PDT

    Hey everyone, to put it simply I've been trying to get another entry in my preferred ETF that replicates the SP 500.

    I usually purchase consistently every month but I made the mistake of skipping a few months as I thought it were overvalued. Now markets are still at all time highs and I don't feel comfortable investing my 'serious cash' into such an overvalued market.

    The issue I'm seeing is when the market has a very, VERY slight correction, people flock to buy up as entry has been unbelievably limited in my experience - hence pushing prices further.

    So my general question is: How long do you think this booming market will last?

    My cash is stacking up and I really don't feel comfortable purchasing at these prices, as a result I've been allocating more cash into my 'play money' system, but I just don't like doing that as much.

    Until the major correction comes in, what do you recommend I do? More or less looking for ideas.

    Thanks 😛

    submitted by /u/Lemke666
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    RCM [NASD] has 14,375,976 shares traded after hours. This is ~14X daily average. Is this what happens when it is being swapped in between indices?

    Posted: 06 May 2021 02:57 PM PDT

    Throw in the towel

    Posted: 06 May 2021 10:59 AM PDT

    I'm doing what any rational person does and going to internet strangers for advice.

    First and foremost I'm not in all "YOLO" meme stocks.

    I did however purchase FUBO, GNOG, & APXT

    I have been averaging down the past few months so I am quite overweight on all three now. Not my largest positions but they're up there.

    I'm down around 25%-30% on each.

    I believe in APXT, strong company, consistent revenue and growth. It's a spac and seems to have fallen victim to that title.

    I invested in Golden nugget after the initial merger dip as I believe online gambling is here to stay. I'm questioning this company now that the hype has worn off.

    FUBO seems oversold to me but this could be conformation bias. I certainly didn't believe it was worth 60 a share but $17?

    Anyway do I throw in the towel and accept the loss (All together 20k or so). Looking for experience as I'm sure others have been here.

    I do not need this money to live.

    submitted by /u/_rambleon_
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    Are we entering a market crash/depression? What are your next buying decisions?

    Posted: 06 May 2021 08:45 AM PDT

    After looking through my investment portfolios it struck me that almost everything is red and has been red for 8+ weeks. There might be a day or two that the daily gains are positive, only to be obliterated the next day. I purchased stocks on what I thought was a fairly large dip months ago, but the market has continued downward. It also seems like we are entering another 2008 regarding housing and who knows what another housing crash will do to the stock price basement.

    Currently I'm holding onto any cash before buying into anything else. What are others thoughts regarding what you are or are not investing in for the remainder of 2021.

    submitted by /u/TheForgetfulOptimist
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    Hemostemix Announces Warrant Repricing and Extension

    Posted: 06 May 2021 05:43 PM PDT

    Last 3 months...shit is retarded

    Posted: 06 May 2021 05:32 PM PDT

    Market Open - 5/6

    Posted: 06 May 2021 06:36 AM PDT

    many big bosses selling and dumping huge chunks of shares! Why? Is a storm coming? Do these top elites know something the common people don’t know?

    Posted: 06 May 2021 04:49 AM PDT

    many big companies top executives and bosses selling huge chunks of shares:

    https://finviz.com/insidertrading.ashx?tc=2

    Credit belongs to twitter Sir Andrew livfast87

    Also a recap from earlier posts:

    Charles Schwab c-level executives are dumping their shares. Why? Maybe just maybe, They know the market is about to take a nosedive?

    https://www.reddit.com/r/GME/comments/n2gxdi/charles_schwab_clevel_executives_are_dumping/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

    Charles Schwab c-level executives are dumping their shares.

    Credit belongs to:

    https://twitter.com/mrstonksss/status/1388088522989621249?s=21

    From Stonkman @MrStonksss

    submitted by /u/AndyLee168
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