• Breaking News

    Saturday, July 3, 2021

    Home Unlabelled Stock Market - Why are these “analysts” so butt hurt about covering a stock? “I will never cover GameStop stock ever again”, top analyst says. Maybe because the real analyst are on Reddit and the public has come to the conclusion that these “analyst” are nothing more than paid for advertisement

    Stock Market - Why are these “analysts” so butt hurt about covering a stock? “I will never cover GameStop stock ever again”, top analyst says. Maybe because the real analyst are on Reddit and the public has come to the conclusion that these “analyst” are nothing more than paid for advertisement

    July 03, 2021

    Stock Market - Why are these “analysts” so butt hurt about covering a stock? “I will never cover GameStop stock ever again”, top analyst says. Maybe because the real analyst are on Reddit and the public has come to the conclusion that these “analyst” are nothing more than paid for advertisement

    Why are these “analysts” so butt hurt about covering a stock? “I will never cover GameStop stock ever again”, top analyst says. Maybe because the real analyst are on Reddit and the public has come to the conclusion that these “analyst” are nothing more than paid for advertisement

    Posted: 02 Jul 2021 10:56 AM PDT

    $SPY up again today

    Posted: 02 Jul 2021 09:12 AM PDT

    Former recent SEC head (Dan Gallagher) - the Chief Legal Officer of Robinhood, paid $30m by Robinhood in 2020. Kenneth Griffin AND Gallagher on the Committee of Capital Market Regulation. This is beyond farcical. This level of corruption is at a 3rd world country level!

    Posted: 02 Jul 2021 12:48 AM PDT

    Why do I suck at trading?

    Posted: 02 Jul 2021 07:55 AM PDT

    Can someone explain why the value on my option has gone down despite the share price being over my break even point?

    Posted: 02 Jul 2021 05:05 AM PDT

    I’m poor but been supporting the #apenation for a minute even when all I had was 3 dollars to help

    Posted: 02 Jul 2021 11:03 PM PDT

    Bitcoin billionaire drowns while swimming, leaving $2 billion crypto fortune in limbo

    Posted: 02 Jul 2021 11:42 AM PDT

    Feds Seized Robinhood CEO's Phone in GameStop Trading Halt Investigation

    Posted: 01 Jul 2021 01:04 PM PDT

    Virgin Galactic to launch Richard Branson on July 11, aiming to beat Jeff Bezos to space

    Posted: 01 Jul 2021 04:37 PM PDT

    The Iron Sheik always knows what to say!! From this day forth he is now the Iron Ape!! ������

    Posted: 02 Jul 2021 11:18 PM PDT

    Current state of the market

    Posted: 02 Jul 2021 06:12 PM PDT

    Over the last two weeks, the market has been at a noticeable uptrend, with NASDAQ, DOW, and S&P500 breaking several records within the half a month span. Many people holding large-cap positions as well as index funds have been able to reap the benefit and cash out a hefty amount given the time span.

    Although this could go on for another several months with very few corrections, what is your opinion on the state of the market as is and the future it holds down the line considering the current state of the US economy with the pending higher interest rates in coming years?

    submitted by /u/Opius_01
    [link] [comments]

    Looking for 2 year investment plan

    Posted: 02 Jul 2021 10:51 PM PDT

    Hello, I am 19 yrs old and fairly new to investing. Right now my only history with investing involves losing tons of my savings day/swing trading.

    I will be moving away next month for two years. (LDS mission) During this time, I will not be able to work, and most likely not even able to check my brokerage acc at all. So basically I am looking for a solid investment plan avoiding high risk while still being able to make some decent returns.

    I was looking into leaps options, but I don't know if this is a good idea given the fact that I most likely will not be able to monitor my positions. Should I just divide my account into common stocks/etf's? I know commodities can have good returns, but really I haven't looked into that as much.

    I am willing to take some risks, but don't want to 'gamble' as I have lost a decent amount of money in the past.

    Anyway, thanks in advance for any answers, and sorry for the wacky format :)

    submitted by /u/Oh_kay69
    [link] [comments]

    Toyota tops GM sales in the U.S., expected to be America’s best-selling automaker

    Posted: 02 Jul 2021 06:16 AM PDT

    Toyota tops GM sales in the U.S., expected to be America's best-selling automaker (cnbc.com)

    PUBLISHED THU, JUL 1 2021 5:06 PM EDT UPDATED THU, JUL 1 2021 10:40 PM EDT

    Michael Wayland@MIKEWAYLAND

    KEY POINTS

    • Toyota sold 688,813 vehicles during the second quarter, topping GM's sales of 688,236 vehicles.
    • The last time GM wasn't the best-selling automaker for a quarter was when Ford outsold them during the third quarter of 1998, Edmunds reports.

    In this article

    Toyota Motor outsold General Motors in the U.S. for the first time ever during a quarter and is expected to be America's best-selling automaker.

    The Japanese automaker on Thursday reported sales of 688,813 vehicles in the U.S. from April through June. That compares to GM at 688,236 vehicles during the second quarter. Toyota beat analyst expectations, while GM slightly missed forecasts.

    The shake-up was caused by a global chip shortage that has significantly hampered vehicle production. Japanese automakers, specifically Toyota, have been able to manage the crisis better than their American competitors.

    "They've kind of defied gravity the last couple of months," Cox Automotive senior economist Charlie Chesbrough said. "We're tracking them having very weak inventories out there and yet their sales have actually held up quite well. … We're really kind of surprised by Toyota's strength, and having a decent quarter relative to some of the competition."

    The only way Toyota won't take the mantle as the top-selling automaker is if Ford Motor, which reports sales Friday morning, significantly beats analyst's sales expectations of 645,000 vehicles during the quarter. Ford previously said it expected to lose half of its production during the second quarter due to the chip problem.

    The last time GM wasn't the best-selling automaker for a quarter in the U.S. was when Ford outsold them during the third quarter of 1998, Edmunds reports.

    Jessica Caldwell, executive director of insights at Edmunds, said Toyota is known for seeing far into their supply chain and has more experience managing lower inventories. She expects there could be major swings in U.S. market share this year due to the parts shortage.

    "I would definitely expect a bit of a change in some of the market share," she said. "Toyota has done really well, the Asian brands overall have done pretty well."

    In May, Reuters reported that Toyota was stockpiling semiconductors chips, which are critical for modern vehicles, and was not seeing any major short-term impact from the chip shortage.

    Toyota declined to comment specifically on the sales achievement but released the following statement: "We are grateful to our loyal customers for putting their safety and trust in Toyota and Lexus vehicles. Our focus has always been - and will continue to be - on being the best brand in terms of safety and quality in our customers' minds. And as part of our continuous improvement philosophy, we are always finding better ways of doing things, and ultimately make better products our customers love and trust."

    Correction: The last time GM was outsold in the U.S. was the third quarter of 1998, according to Edmunds. A previous version of this article misstated the time period.

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

    SP500 Winners and Losers | 7/2/2021

    Posted: 02 Jul 2021 05:18 PM PDT

    Winners

    Winner of the day by sector | SP500:

    Sector | Company | Ticker | % Price Change

    1. Industrials | Fastenal Company | FAST | 1.04%
    2. Health Care | Johnson & Johnson | JNJ | 1.82%
    3. Information Technology | Oracle Corporation | ORCL | 2.87%
    4. Communication Services | Alphabet Inc Class A | GOOGL | 2.30%
    5. Consumer Discretionary | Hilton Hotels Corporation Common Stock | HLT | 2.58%
    6. Utilities | NRG Energy Inc | NRG | 2.20%
    7. Financials | T Rowe Price Group Inc | TROW | 1.81%
    8. Materials | Celanese Corporation | CE | 1.04%
    9. Real Estate | Welltower Inc | WELL | 1.42%
    10. Consumer Staples | Costco Wholesale Corporation | COST | 1.12%
    11. Energy | Phillips 66 | PSX | 0.93%

    Losers

    Loser of the day by sector | SP500:

    Sector | Company | Ticker | % Price Change

    1. Industrials | A O Smith Corp | AOS | -1.55%
    2. Health Care | Vertex Pharmaceuticals Incorporated | VRTX | -0.83%
    3. Information Technology | IBM Common Stock | IBM | -4.62%
    4. Communication Services | CBS Corporation Common Stock | VIAC | -1.76%
    5. Consumer Discretionary | Penn National Gaming, Inc | PENN | -2.19%
    6. Utilities | AES Corp | AES | -0.65%
    7. Financials | Invesco Ltd. | IVZ | -1.93%
    8. Materials | Vulcan Materials Company | VMC | -1.64%
    9. Real Estate | CBRE Group Inc | CBRE | -1.45%
    10. Consumer Staples | Walgreens Boots Alliance Inc | WBA | -1.11%
    11. Energy | Devon Energy Corp | DVN | -2.44%
    submitted by /u/Engineer_Economist
    [link] [comments]

    AVEPOINT AVPT Fox Business CEO TJ Jiang interview! "AVPT was born in the wake of 9/11"

    Posted: 02 Jul 2021 05:11 PM PDT

    Tesla delivers more than 200,000 vehicles in a quarter for the first time

    Posted: 02 Jul 2021 06:45 AM PDT

    Tesla TSLA Q2 2021 vehicle production and delivery numbers (cnbc.com)

    PUBLISHED FRI, JUL 2 20218:37 AM EDTUPDATED 5 MIN AGO

    Lora Kolodny@LORAKOLODNY

    KEY POINTS

    • Tesla just reported second-quarter vehicle production and delivery numbers for 2021.
    • The company delivered 201,250 vehicles in the quarter, its first time delivering more than 200,000 vehicles in a three-month period.

    Tesla delivered 201,250 vehicles in the second quarter of 2021, the company reported.

    The quarter's deliveries fell slightly short of expectations. Analysts were expecting Tesla to deliver around 202,800 cars during this period, according to estimates compiled by FactSet as of July 1. Estimates ranged from 193,000 to 231,000 deliveries. Tesla shares were roughly flat in premarket trading Friday.

    During the quarter, Tesla produced 206,421 vehicles total, including 204,081 of its Model 3 and Y, which are its more affordable mid-range cars. It produced 2,340 Model S and X vehicles, the company said.

    The second-quarter numbers broke the previous record set in Q1, when Tesla delivered 184,800 and produced 180,338 cars, even as production of its Model S and X vehicles fell to zero during that quarter.

    Tesla does not break out deliveries by region or model, and it does not report on production in China versus the U.S. The company is now producing Model 3 and Y vehicles at its Shanghai plant and its U.S. factory in Fremont, California.

    During the second quarter, Tesla was affected by parts shortages and price increases that plagued automakers generally. CEO Elon Musk said in a tweet on May 31 that Tesla had made some design decisions in part to cope with increasing costs, and said price increases on Tesla vehicles were "due to major supply chain price pressure industry-wide. Raw materials especially."

    The company also began deliveries of its higher-end Model S electric sedans during the second-quarter. In its classic mode, Tesla held a flashy event at its test track in Fremont, California, to kick off deliveries of the 2021 Model S Plaid, a tri-motor version of its flagship sedan marketed as the quickest production car ever made.

    On June 11, Musk said ″should be at several hundred cars per week soon," but would not be producing thousands of Model S vehicles per week until next quarter.

    During the second quarter, Tesla also saw the departure of execs, including former long-time acting general counsel Al Prescott in April, and both deputy general counsel Lynn Miller and former president of automotive and heavy trucking Jerome Guillen in June.

    Correction: This story was updated to reflect the correct analyst estimates for total deliveries.

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

    Wall Street Week Ahead for the trading week beginning July 5th, 2021

    Posted: 02 Jul 2021 04:49 PM PDT

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

    Here is everything you need to know to get you ready for the trading week beginning July 5th, 2021.

    Fed could be a surprise catalyst for the markets in holiday week - (Source)

    The quiet holiday week ahead could hold some fireworks for investors if the Federal Reserve reveals its thinking on its bond buying program.

    The four-day trading week could see stocks drift, after hitting new highs this past week. The closely watched 10-year Treasury yield has held under 1.5%, a positive for tech which outperformed with a 3.2% gain for the week.

    There are very few economic reports of note, aside from ISM services data on Tuesday. But the Fed's minutes from its last meeting will be released Wednesday afternoon, and there is potential for the market to learn more about the central bank's behind-the-scenes discussions on winding down its quantitative easing program.

    "Our base case is that rates drift higher, but in order to that get that move higher you need a catalyst to get there," said Brian Daingerfield, head of G10 FX strategy Americas at NatWest Markets. "Either the Fed has to move forward aggressively on tapering, or you have to get the data really rocking, and you don't have either."

    Friday's report that 850,000 jobs were added in June was better than expected. However, the unemployment rate missed expectations after rising by 0.1 percentage points to 5.9%. Economists expected the rate to fall to 5.6%. The report was not seen as strong enough to encourage the Fed to step away sooner from its easy policies. It was, however, seen as a positive — yet largely incomplete — picture of the labor market.

    Daingerfield said there is the potential for the Fed's June meeting minutes to surprise the market, similar to the way April minutes did.

    "Remember, Powell said they were not talking about talking about tapering," he said, referring to Fed Chairman Jerome Powell's comments right after the April meeting. "Remember, Powell was very dismissive, and then the minutes revealed a kind of drift to the committee."

    The April meeting minutes did surprise investors when they noted that "a number of participants" said it would be appropriate to begin discussing tapering bond purchases at upcoming meetings if the economy continues to make rapid progress. After the June meeting, Powell revealed early stage discussions about paring back bond buying. The Fed also presented a new forecast that included two rate hikes in 2023, where there were none indicated before.

    The market is highly sensitive to details about the Fed's bond purchase program since the ending to that measure would be open the door for the central bank to raise interest rates. The low-rate environment has been the kindling behind the stock market's robust gains since the Fed went all out to help the economy get through the pandemic. Cutting back on the monthly $120 billion bond purchases would be the first rollback of those extraordinary measures.

    "There's a lot we don't know about the Fed's thinking about tapering," Daingerfield said. He said key information would be when it plans to start, how rapidly it will move to wind down the program and how it decides to break down its current monthly purchases of $80 billion in Treasurys and $40 billion in mortgage securities.

    "These details really do matter. Did they get into that conversation at all about details? The more detail they discussed, the more likely it is they are looking to move forward sooner," Daingerfield said. Fed watchers widely expect more details about tapering the bond program around its annual symposium in Jackson Hole, Wyoming in late August, and then start slowing purchases later this year or early in 2022.

    For now, the positive tone in the bond market has helped stocks. The 10-year yield, which moves opposite price, has fallen from its high of the year of about 1.75%. At that level, technology and growth shares were under pressure.

    But they've been making a comeback as rates drift around in a range below 1.6%. The 10-year was at 1.43% Friday, and while the lower rate may help tech stocks, the yield level is a sharp contrast to an economy that was expected to grow at more than 10% in the second quarter.

    That pace is expected to slow, but growth for the year is expected to be robust at more than 7%.

    Tech transition

    Citi Private Bank chief investment strategist Steven Wieting said that, with the economy peaking, the time is right for investors to begin transitioning to tech and growth shares from the popular cyclical trade.

    "We're seeing this as all a temporary period of massive distortions, and within a year from now, we'll be on steadier water," he said. "I think this is giving people a reason, including us, to move away from just cyclical rebound trades and into some sustainable growth opportunities."

    Year to date, cyclicals have been some of the better performers. Energy shares are up 44.5% with the rebound in oil prices, and financials have bounced 25.2%. In contrast, S&P 500 growth stocks are up 14.3%, lagging slightly the S&P 500′s 15.5% gain. Tech stocks are up just 14.9% year-to-date.

    One area Wieting now likes is global health care. The S&P 500 health care sector was up 12.5% for the year so far.

    "Health care is a mid-cycle outperformer. Health care is a part of the economy that didn't fall as hard," he said. "Earnings and revenues have grown moderately every year since the mid-1980s." He said the sector has lagged the S&P 500 since the end of 2019 by 10 percentage points, and has a cheap valuation. Big pharma stocks are among the best dividend payers.

    For the major sectors, on a 12-month basis, the cyclical sectors of industrials, materials, and energy have all risen more than 40%, and tech has had a similar 42% gain.

    "The growth stocks have stayed rich. The value stocks have completely caught up with growth stocks in 12-month performance, but the valuation hasn't been beaten down in growth stocks," he said. "Gradually we're going to get more sustained performance out of tech after this period where it flatlined."

    Wieting said one area that is particularly attractive is cybersecurity, where demand is strong as a "tech spending essential," but the sector has gone nowhere.

    For instance, the iShares Cybersecurity and Tech ETF IHAK is just below its 52 week high set in January, and the Global X Cybersecurity ETF BUG is trading about a dollar below its February high.

    Wieting said he likes some alternative energy names and companies that are involved in digitization, including fintech.

    He expects the overall stock market to move higher but not at the same rapid clip.

    "We want to start transitioning portfolios away from just rebound plays...We're transitioning, knowing we've captured significant outperformance over the past year with cyclical value. It made people comfortable investing in equities when we could show how cheap they were," he said.

    The S&P 500 ended the week up 1.7% at a record 4,352, while the Dow climbed 1% to 34,786. The Nasdaq was 1.9% higher, ending the week at a record 14,639.

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

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

    S&P Sectors for this past week:

    (CLICK HERE FOR THE S&P SECTORS 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!)

    Typical July Seasonal Pattern: Bullish Through Mid-Month & Tepid After

    This July has commenced with across the board gains from the major indexes, DJIA, S&P 500, NASDAQ, Russell 1000 and Russell 2000. Yesterday's gains are consistent with historical trends for the first trading day of July. Over the past twenty-one years, July has on average begun with respectable gains. The second trading day has been weaker, but after this the major indexes have tended to trend solidly higher through mid-month to around the thirteenth trading day. At this point the major indexes have tended to weaken and trade sideways to lower to finish out the month.

    (CLICK HERE FOR THE CHART!)

    Energy and Ethereum Lead The Way Higher in First Half

    The first half of 2021 is now in the books. Below is a look at our Asset Class Performance Matrix highlighting total returns in June, Q2, and the first half of 2021 using key ETFs that we monitor on a regular basis.

    Across asset classes, energy was the winning theme with commodities like oil (USO) and natural gas (UNG) boasting some of the strongest first-half returns alongside Energy sector stocks (XLE). USO was the top performer of these with its 51.11% total return since the start of the year. Alongside XLE and UNG's over 40% gains, the Ethereum Trust (ETHE) also rallied 44.32%, albeit there has been a significant pullback in the past month. Although ETHE posted big gains, Bitcoin (GBTC) took a loss with a 6.84% decline in the first half. That is not to say it was not up significantly at one point during the first half as Q2 alone saw a 40.43% loss that brought it into the red for the half. The only other assets to have fallen by more than Bitcoin in the first half were the Japanese Yen (FXY), Gold (GLD), and long bonds (TLT). TLT saw the weakest returns of all of these over the course of the past six months but more recently it has experienced better performance relative to other assets. In fact, its 4.42% rally in June was almost double that of the S&P 500.

    In the equities space, again Energy was the top performer while small caps and value outperformed as well in the first half. That was not necessarily the case in June though as there was evidence of rotation out of value and into growth. The NASDAQ 100 (QQQ) and S&P 500 Growth (IVEW) were two of the top-performing ETFs in June and Q2 while value stocks actually fell in June.

    As for international equities, Canada (EWC) and Russia (RXS) were the strongest country ETFs in the first half. While it was not enough to lift its first-half gain to the high end of the range of countries shown, Brazil (EWZ) did see a large degree of outperformance in Q2 with a 23.05% gain. That is nearly double the next best performer, Russia. Additionally, these were the only two countries up significantly in June as most countries saw a loss. Year-to-date, China (ASHR) and Japan (EWJ) have been the weakest of the country ETFs.

    (CLICK HERE FOR THE CHART!)

    Sentiment Has Perked Up

    Sentiment has taken a big step up in the past week. The AAII weekly sentiment survey saw 48.6% of respondents report as bullish this week, up 8.2 percentage points from last week for the highest reading since the week of April 22nd when over half of respondents reported as optimists. Not only is this week's reading ten percentage points above the historical average, but the one-week increase was the largest since an 11.1 percentage point jump during the week of April 8th. Similarly, the Investors Intelligence survey of newsletter writers saw bullish sentiment jump from 56.5% last week to an eight-week high of 59.6%.

    (CLICK HERE FOR THE CHART!

    Considering bearish sentiment was already muted, that big increase in bullish sentiment was only met with a 1.1 percentage point decline in bearish sentiment. Only 22.2% of respondents reported as bearish this week, the lowest reading since June 10th.

    (CLICK HERE FOR THE CHART!

    While bearish sentiment did not experience a particularly large decline, it was an inverse move to bullish sentiment which resulted in the bull-bear spread climbing 9.3 points to the highest level since April 22nd. That means sentiment continues to largely favor the bulls. Prior to the past year, late 2017 and early 2018 was the only other period in recent years that the bull-bear spread was at similar levels to now.

    (CLICK HERE FOR THE CHART!

    Given the jump in bullish sentiment did not borrow from bearish sentiment, neutral sentiment took a significant hit this week falling 7.4 percentage points. That was both the biggest one-week decline and marks the lower level in neutral sentiment since April.

    (CLICK HERE FOR THE CHART!

    Market Stronger Day Before than After Independence Day

    Over the last 21 years, the trading day before Independence Day has been stronger than the day after. DJIA and S&P 500 have advanced 66.7% of the time with average gains of 0.13% and 0.11% respectively on the day before. Based upon average performance, NASDAQ and Russell 2000 are slightly softer on the day before, but still lean bullish. On the trading day after Independence Day DJIA, S&P 500 and Russell 2000 have declined more frequently than advanced. DJIA has recorded the fewest number of advances while Russell 2000 has the worst average performance with a 0.10% loss.

    (CLICK HERE FOR THE CHART!)

    Stocks Only Going Up In The First Half

    One of the most remarkable aspects of the past six months has been the lack of a significant pullback. The S&P 500 has not seen a 5% pullback since October, and since the start of the year, the most it had fallen from a high was 4.23% from mid-February to March 4th. Besides that and another smaller 4% pullback in May, it has been a one-way trip higher. Looking back through the history of the S&P 500, there are not many other years in which the index went the entire first half without at least a 5% pullback. Below we show the chart of the S&P 500 for each of the 14 years that, like this year, did not experience a pullback of at least 5% in the first half. . As shown, six of these (highlighted in green)—1954, 1958, 1964, 1993, 1995, and most recently 2017—actually did not see a 5% or larger pullback in the second half of the year either.

    As for the other years, the S&P 500 did generally tend to move higher for at least part of the second half, but there have been a range of declines. The year with the largest decline in the second half was 1986 when the index fell 9.42% in September. And that was after a 7.53% decline shortly after the midpoint of the year in the first two weeks of July. The 1959 occurrence similarly saw a 9.17% decline from August through September. While it did not necessarily all happen within the second half of the year, the declines in the final days of the 1961 occurrence actually marked the beginning of a bear market that ultimately would see the S&P 500 fall 23.6% from its late 1961 peak.

    (CLICK HERE FOR THE CHART!)

    STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending July 2nd, 2021

    (CLICK HERE FOR THE YOUTUBE VIDEO!)

    STOCK MARKET VIDEO: ShadowTrader Video Weekly 7.4.21

    (CLICK HERE FOR THE YOUTUBE VIDEO!)

    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 7.5.21 Before Market Open:

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

    (NONE. U.S. MARKETS CLOSED IN OBSERVANCE OF INDEPENDENCE DAY.)

    Monday 7.5.21 After Market Close:

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

    (NONE. U.S. MARKETS CLOSED IN OBSERVANCE OF INDEPENDENCE DAY.)

    Tuesday 7.6.21 Before Market Open:

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

    (NONE.)

    Tuesday 7.6.21 After Market Close:

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

    Wednesday 7.7.21 Before Market Open:

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

    Wednesday 7.7.21 After Market Close:

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

    Thursday 7.8.21 Before Market Open:

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

    Thursday 7.8.21 After Market Close:

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

    Friday 7.9.21 Before Market Open:

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

    Friday 7.9.21 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 3-day weekend and a great trading week ahead r/StockMarket.

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

    $GRAY easy pictures DD. Massive ���� potential. Very small float. Insiders buying. High short interest. 95 million in cash. 110 million in equity

    Posted: 02 Jul 2021 11:47 PM PDT

    $GRAY easy pictures DD. Massive ���� potential. Very small float. Insiders buying. High short interest. 95 million in cash. 110 million in equity

    Posted: 02 Jul 2021 11:47 PM PDT

    Invest in a top portfolio. Guaranteed fixed returns. Award-winning trader.

    Posted: 02 Jul 2021 11:38 PM PDT

    Schumer expected to bring legalization bill in July, SNDL CEO says big news coming, Shareholder meeting 7/7, currently 650k+ contracts expiring 7/16...me= money where mouth is

    Posted: 02 Jul 2021 11:05 AM PDT

    BioLine RX. (BLRX) Rocket launch.

    Posted: 02 Jul 2021 07:25 PM PDT

    Not a financial advise, neither an invitation to open, close, short, long etc.... Market is the place where everyone dies alone, just like at any war. .

    Look what I want to share with you: Just a quote from the website below:

    "Motixafortide is currently being studied in two notable investigator-initiated trials: in a Phase 2 study for the treatment of pancreatic cancer in combination with LIBTAYO® and chemotherapy and in a Phase 1b study for patients with Acute Respiratory Distress Syndrome (ARDS) Secondary to COVID-19 and Other Respiratory Viral Infections."

    https://ir.biolinerx.com/corporate-profile

    Now get to the recent rating:

    https://www.wsj.com/market-data/quotes/BLRX/research-ratings

    From the technical chart analysis one can conclude that the first resistance matches the first number of the given rating e.i. $10...... The next line of resistance matches the second rating number of $19.

    My suggestion is that they soon going to be bought out because of their active development of a long shot post COVID complications treatment.

    It is heavily shorted ---- Shirt volume ratio - 25.9 as of yesterday.

    https://fintel.io/ss/us/blrx

    And what is the most exciting thing about this baby is that the ----- Market Cap - 156 mil.....!!!!!!! ------ Free Float just about 46 mil.

    WHAT A BABY TO LAUGH 😂

    submitted by /u/ProfessionalNail8321
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    What a great day ��

    Posted: 01 Jul 2021 02:51 PM PDT

    AMC shares down after research house signals short position

    Posted: 02 Jul 2021 07:53 AM PDT

    AMC shares fall after Iceberg Research discloses short position By Reuters (investing.com)

    Stock Markets Jul 02, 202110:40AM ET Updated Jul 02, 2021 06:21PM ET

    By Akanksha Rana and Sinéad Carew

    (Reuters) -AMC Entertainment shares closed down 4% on Friday after short-seller Iceberg Research tweeted that it had made a bearish bet against the theater chain operator's stock.

    The so-called meme stock closed at $51.96 after falling almost 12% to $47.77 in morning trading after Iceberg's tweet that it had sold the shares short, which involves borrowing shares with a view to buying them back at a lower price to cover the bet.

    "Our position is based on the fundamentals of the company and the fact its stock price has been inflated by call options, which is always temporary," said Iceberg's Arnaud Vagner in an email to Reuters.

    Bearish investors forced to unwind their bets in the face of a rapidly rising stock price have helped fuel rallies this year in AMC, video game retailer GameStop (NYSE:GME) and other companies that are popular on online forums such as Reddit's WallStreetBets.

    AMC shares, while well below their June 2 peak of $72.62, were still up more than 2,500% year-to-date after finishing 2020 at $2.12.

    Vagner said that while there are risks associated with betting against meme stocks, "any sharp rise is followed by a correction. This is inevitable."

    Little is known about Iceberg, which publishes a blog with its research on Wordpress. Vagner said Iceberg is a company that makes both long and short bets but declined to give further details.

    Iceberg gained attention in 2015 for highlighting what it called aggressive accounting practices at Hong Kong-based Noble Group https://www.reuters.com/article/us-noble-group-debt-focus/back-from-the-brink-how-noble-group-was-saved-from-an-iceberg-collision-idUSKCN1LK0GI. Commodities trader Noble denied the allegations but subsequently saw its profits collapse and was forced to sell most of its assets.

    Vagner, who said he worked at Noble Group and in credit analyst roles at banks before launching Iceberg in 2015, declined to reveal details of the firm's short position.

    AMC's latest rally was helped by heavy trading of equity options, financial derivatives that give buyers the right to buy or sell shares at a fixed price in the future, depending on where the stock price is.

    As the share price skyrocketed, market makers who sold AMC options were forced to buy the company's shares to offset their exposure, driving the stock higher in a phenomenon known as a gamma squeeze.

    AMC did not immediately respond to a request for comment.

    "These meme stocks are so volatile in their trading it doesn't take much to get a big move up or down," said MKM Partners analyst Eric Handler, whose AMC rating is "sell" with a $1 price target.

    Handler said that AMC's trading price multiple of 45 times his 2022 estimate for earnings before interest, tax, depreciation and amortization (EBITDA) compares to a historic peak multiple of 9 times EBITDA estimates for movie theater stocks before the coronavirus pandemic.

    "At some point in time, I don't know when that'll be, inevitably there has to be some type of mean reversion with AMC. I don't think it can permanently sustain a 45 times EBITDA multiple," Handler said.

    submitted by /u/SavannahSmiles_
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    Here is a Market Recap for today Friday, July 2, 2021. Please enjoy!

    Posted: 02 Jul 2021 01:23 PM PDT

    PsychoMarket Recap - Friday, July 2, 2021

    Stocks rose once again, with the S&P 500 (SPY) and Nasdaq (QQQ) both recording new intraday highs amid the continued push by technology stocks. The Dow Jones (DIA) rose as well, but continued to lag behind the other two indexes. Market participants are encouraged by the June Jobs Report, which showed payroll gains rise more than expected.

    Today, the US Department of Labor released the Job June report, which showed a stronger-than-expected acceleration in hiring, with non-farm payrolls rising by 850,000, the sixth straight month of gains. The unemployment rate however, ticked slightly higher to 5.9%. Here are the numbers

    • Change in non-farm payrolls: 850,000 vs. 720,000 expected and an upwardly revised 583,000 in May
    • Unemployment rate: 5.9% vs. 5.6% expected and 5.8% in May
    • Average hourly earnings, month-over-month: 0.3% vs. 0.3% expected and a downwardly revised 0.4% in May
    • Average hourly earnings, year-over-year: 3.6% vs. 3.6% expected and a downwardly revised 1.9% in May

    President Biden said of the report, "This is historic progress, pulling our economy out of the worst crisis in 100 years, driven in part by our dramatic progress in vaccinating our nation and beating back the pandemic. Today, the US is the only major advanced economy where the OECD (Organization for Economic Cooperation and Development) projections of future output are higher today than they were in January 2020 before the pandemic hit."

    Emily Roland, co-Chief Investment Strategist at John Hancock Investment Management said of the report, "This is the Goldilocks Report that the market was looking for today. You had a nice print here of 850,000 jobs being added, wage pressure remaining – I wouldn't call them necessarily contained – but surprising here on the downside versus consensus estimates. So this is telling us right now that economic growth is continuing to accelerate here, the jobs market is continuing to heal. We're making progress here in terms of what the Fed has set out to do, which is in order to get unemployment down, they're going to let inflation run a little bit hot here. Not too hot, not too cold – this is just what the market wants."

    This Job Report will give market participants a better idea as to the timing of the Federal Reserve's next monetary policy. For now, the Fed has so far kept in place both of its key pandemic-era policies - quantitative easing at a clip of $120 billion a month and near-zero interest rates. However, the Fed has consistently said they are looking for a "string" of strong jobs reports, like the one this month before any adjustments to the current policy is made. If the Jobs Report continues being especially strong in the months ahead, it could force the Fed to taper quantitative easing earlier than originally telegraphed. I have said before in the past I expect the Fed to begin tapering QE towards the end of the year and am not worried about that at all. For starters, the market has historically reacted very little to changes in QE (see the 2013 Taper Tantrum here), it's changes in the interest rate that really drive the market, and second, the Fed is expected to taper slowly, making any changes gradual.

    Highlights

    • Shares of AMC pulled back slightly after financial firm Iceberg Research announced they have opened a short position. Honestly, I have no idea why they did this, only opening themselves up to becoming WSB's next target. Will be interesting to see what happens moving forward.
    • More bad news for Lordstown Motors, who have already been the subject of a short report that saw the company admit they had inflated the importance of preorders for the electric pickup truck and forced the CEO to leave. Now, the Justice Department has announced it is opening a probe into the company to investigate comments made by executives and the way the company represented its pre orders to shareholders. The whole EV market was down today in sympathy.
    • Tesla (TSLA) recorded its fifth straight quarter of vehicle delivery growth. In Q2, the company delivered 201,250 vehicles, missing expectations for 204,160, according to Bloomberg consensus data, but more than double the 90,891 vehicles delivered in the same period a year ago.
    • The U.S. Federal Trade Commission filed a proposed consent order to settle antitrust charges against semiconductor maker Broadcom Inc, the agency said in a statement on Friday. The consent order requires Broadcom to stop demanding that its customers buy components mostly or only from Broadcom. The company responded, "While we disagree that our actions violated the law and disagree with the FTC's characterizations of our business, we look forward to putting this matter behind us."
    • Jeff Bezos is officially stepping down as Amazon CEO on Monday. Amazon Web Services CEO Andy Jassey will be taking over for him.
    • **Please note that current stock price was written during the session and may not reflect closing prices*\*
    • Anthem (ANTM) target raised by Morgan Stanley from $454 to $459. Stock currently around $387
    • Capital One (COF) with two target raises. Stock currently around $157
      • Piper Sandler from $175 to $182
      • Credit Suisse from $175 to $182
    • Enphase Energy (ENPH) target raised by Goldman Sachs from $187 to $202 at Buy. Stock currently around $186
    • GoodRx (GDRX) target raised by Morgan Stanley from $36 to $38. Stock currently around $33.8
    • JD.com (JD) target raised by Goldman Sachs from $119 to $130 at Conviction-Buy. Stock currently around $76
    • Eli Lilly (LLY) target raised by Truist Securities from $225 to $262 at Buy. Stock currently around $234
    • SolarEdge Technologies (SEDG) target raised by Goldman Sachs from $290 to $322 at Buy. Stock currently around $277
    • Xpeng (XPEV) target raised by Citigroup from $50 to $56.30 at Buy. Stock currently around $44
    • Zscaler (ZS) target raised by BTIG Research from $240 to $253 at Buy. Stock currently around $214

    "To bear trials with a calm mind robs misfortune of its strength and burden". — Seneca

    submitted by /u/psychotrader00
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