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    Thursday, September 16, 2021

    Stock Market - If Sen. Warren thinks it a good thing for the FED leaders to not trade stock, shouldn’t it be the same for congress and executive branch?

    Stock Market - If Sen. Warren thinks it a good thing for the FED leaders to not trade stock, shouldn’t it be the same for congress and executive branch?


    If Sen. Warren thinks it a good thing for the FED leaders to not trade stock, shouldn’t it be the same for congress and executive branch?

    Posted: 16 Sep 2021 10:49 AM PDT

    1:09p ET 9/16/2021 - Benzinga Sen. Elizabeth Warren Asks Federal Reserve To Ban Its Leaders From Trading Stocks Mentioned: AAPL AMZN BABA CVX GE Sen. Elizabeth Warren (D-MA) has called on the 12 regional presidents of the Federal Reserve System to enact new rules to prevent their leaders from individual stock trading.

    What Happened: Warren, who is the chairwoman of the Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy, made her request following news reports that Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren actively traded stocks and other investments during 2020.

    The Wall Street Journal reported Kaplan made multiple stock trades of more than $1 million each involving shares of Apple Inc (NASDAQ: AAPL), Alibaba Group Holding Ltd. -ADR (NYSE: BABA), Amazon.com, Inc. (NASDAQ: AMZN), Chevron Corporation (NYSE: CVX) and General Electric Company (NYSE: GE), while Rosengren focused his trades on real estate-related securities.

    Warren pointed out that although Kaplan and Rosengren pledged to sell their individual stock holdings and no longer trade individual stocks, their actions created conflicts of interest and potential self-dealing.

    'This controversy over asset trading by high-level Fed personnel highlights why it is necessary to ban ownership and trading of individual stocks by senior officials who are supposed to serve the public interest,' Warren stated. 'Regional Fed leaders must ban the ownership and trading of individual stocks by senior officials, and impose strong and enforceable ethics and financial conflicts of interest rules for themselves and their staff to restore public trust.'

    Related Link: Sen. Elizabeth Warren Asks Federal Reserve To Break Up Wells Fargo

    What Else Happened: Warren also raised attention to her proposed Anti-Corruption and Public Integrity Act, which she said was designed to strengthen conflict of interest and recusal requirements of government officials by banning individual stock ownership by members of Congress, senior congressional staff, federal judges, members of the presidential cabinet, White House staff and other senior agency officials while they are in office.

    Warren's legislation also included provisions to prevent federal government officials from holding or trading stock in companies that could influence their agency, department or actions. It also requires senior government officials and White House staff to divest from privately owned assets that could present conflicts, including large companies and commercial real estate.

    Warren introduced the Anti-Corruption and Public Integrity Act in 2018 without co-sponsors and was never acted upon by the Senate. She reintroduced the legislation in 2020, again without co-sponsors, and the bill was referred to the Senate Finance Committee but has yet to be brought up for consideration.

    Photo: Gage Skidmore / Flickr Creative Commons.

    © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

    submitted by /u/Bigbandjazzdrummer
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    $BB stock daily chart setup.

    Posted: 16 Sep 2021 06:50 PM PDT

    $BB stock daily chart setup.

    https://preview.redd.it/f63tbfppxyn71.png?width=1047&format=png&auto=webp&s=021daafdc6e3fc8cc2114e9a02922847740f306a

    I started watching $BB yesterday, its chart pattern looks to be holding support and it is trending up in a very decent way and it has a nice range to fill up with not a lot of resistance up ahead.

    https://preview.redd.it/a78uwxbrxyn71.png?width=1047&format=png&auto=webp&s=8dc2100f26d0689c191104ec439d0e2ab3c1fec5

    Although $BB did not have a big day today it held the trend, I don't like looking at indicators as a factor for my trades but the stochastics is showing an extreme oversold here, I am not looking to follow any crowd when it comes to trading for a daytrade or even a swing trade, what I might end up doing here is to open a position with just a starter so I can start getting the feet wet with a thigh stop and allow it to run up if it holds the uptrend, when that happens I am looking to start to add to the winners but not to go full size into it before it shows it has the potential to hold a steady uptrend.

    submitted by /u/DrioMarqui
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    What you should know about SDC: Smile Direct Club Short Squeeze Potential on Friday, September 17, 2021?

    Posted: 16 Sep 2021 08:36 PM PDT

    Investors took Evergrande executive hostage!

    Posted: 16 Sep 2021 08:30 PM PDT

    Dutch bros just launched yesterday, has doubled and IMO, has potential to his around $120 long term. Still a new company, has blasted off since it launched in Cali, insane customer service, and the drinks are amazing. Check em out.

    Posted: 16 Sep 2021 11:16 AM PDT

    Here is a Market Recap for today Thursday, September 16, 2021

    Posted: 16 Sep 2021 01:56 PM PDT

    PsychoMarket Recap - Thursday, September 16, 2021

    Stocks finished mixed in a volatile session after getting a boost following the release of new economic data that showed retail sales for the month of August coming in stronger-than-expected, suggesting that consumer spending, which accounts for roughly 70% of US GDP, held up despite rising coronavirus Delta variant concerns. The tech-heavy Nasdaq (QQQ) and Russell 2000 (IWM), which tracks the performance of small-caps, closed the day with a gain of 0.07% and 0.08% respectively. The S&P 500 (SPY) fell 0.17% and the Dow Jones (DIA) fell 0.17% and 0.19% down respectively. Jobless claims also came in near a pandemic-era low.

    With the coronavirus Delta variant fanning fears of a slowdown in growth in the US and China, market participants have been carefully weighing incoming economic data. In the US, August retail sales showed an unexpected rise despite the latest surge of coronavirus Delta variant cases. The Commerce Department's August retail sales report showed overall sales rose by 0.7% on the month after a downwardly revised 1.8% drop in July. Consensus economists were looking for a 0.7% drop.

    A few days ago, China's retail sales report showed a dramatic slowdown in growth as the country battles rising coronavirus cases and seasonal floodings, with output and sales reaching a one-year low. Consumer spending grew 2.5% in the month of August, a sharp deceleration from the 8.5% growth in July and missing estimates of 7% growth. Industrial production rose 5.3% in August from a year earlier, narrowing from an increase of 6.4% in July and marking the weakest pace since July 2020, data from the National Bureau of Statistics showed on Wednesday. Output growth missed the 5.8% increase tipped by analysts.

    In a new weekly report by Factset, consensus analysts are still looking for S&P 500 earnings growth of nearly 28% for the third quarter. While a deceleration from the more than 80% growth rate posted in the second quarter of this year, that would still mark the third-highest year-over-year increase in earnings for the index since 2010. Third-quarter earnings reporting season is set to pick up next month.

    Highlights

    • A host of news coming out of Facebook (FB) after journalists reviewed internal documents from the company. Not going to get into it here, but I recommend you check out was is going on surrounding Facebook.
    • Ford Motors (F) said it plans to boost capacity from the F-150 Lightning pickup truck to 80,000 per year thanks to strong demand, adding that the vehicle would be for sale next spring.
    • Nvidia's (NVDA) co-founder and CEO Jensen Huang, who has built the company into the US' most valuable chip maker, was named as one of Time Magazine's 100 Most Influential People. I have said this publicly multiple times, but NVDA is my single favorite stock in the entire market.
    • Lucid's (LCID) luxury sedan has received a government certification for a range of 520 miles. The Environmental Protection Agency (EPA) said it's the longest range EV rated so far. For comparisons, Tesla's Model S was rated for a range of 405 miles, though it is a lot cheaper.
    • Match Group (MTCH), which operates popular dating app Tinder, said it was working on its own payment system to circumvent Apple and Google following the recent decision by US authorities to allow companies to offer third-party payment solutions within the Google and Apple app stores.
    • Taiwan Semiconductors (TSM) said it aims for net-zero emissions within the next 30 years.
    • Popular chatting platform Discord raised $500 million in a new founding round, bringing the value of the company to an estimated $15 billion. Microsoft (MSFT) originally tried to buy Discord many months ago, but it seems like the company is aiming to go public at some point.
    • **Please note that current stock price was written during the session and may not reflect closing prices.*\*
    • Accenture (ACN) target raised by Deutsche Bank from $310 to $395 at Buy. Stock currently around $342
    • Adobe (ADBE) with two target raises. Stock currently around $665
      • Barclays from $660 to $740 at Overweight
      • BMO Capital Markets from $630 to $730 at Outperform
    • Biogen (BIIB) target raised by UBS Group from $442 to $475 at Buy. Stock currently around $300
    • Discover Financial Services (DFS) target raised by Morgan Stanley from $137 to $139 at Equal Weight
    • Fortinet (FTNT) target raised by BMO Capital Markets from $300 to $335 at Overweight. Stock currently around $305
    • Teck Resources (TECK) target raised by Deutshce Bank from $30 to $32 at Buy. Stock currently around $26

    "A gem cannot be polished without friction, nor a person perfected without trials." - Seneca

    submitted by /u/psychotrader00
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    What does Quadruple Witching Day Mean in Stock Market?

    Posted: 16 Sep 2021 10:58 AM PDT

    This stock, Palantir, blew past three resistance levels (it was at 28.61 a few minutes ago). I bought this stock at 25.7 and sold it at 26.7. So bummed right now. Will this stock keep going up?

    Posted: 16 Sep 2021 08:19 AM PDT

    XOS trading on high volume

    Posted: 16 Sep 2021 12:58 PM PDT

    XOS has been trading beneath the average analyst estimate of $17.33 for the past little bit now. It's recently picked up a lot of volume since it started trending as a meme stock on Wall Street bets.

    I'm shocked at the market hasn't realized the difference between the analyst estimate and it's current trading price. Am I missing something here or is this just a hidden gem and the market is only now starting to realize it?

    This looks like an amazing opportunity and I'm in for calls for the time being. Going to do more research to determine if this will be a long play or just short term, but I'd love to hear everyones opinion on XOS

    My position: XOS calls, 10c Oct 15 exp

    TYIA!

    submitted by /u/SavienKennedy
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    ETFs with Investments in SP500 Winners of 9/16/2021

    Posted: 16 Sep 2021 06:46 PM PDT

    Three ETF's per winner (when available)

    ETF Ticker | % invested in Winner | ETF Full Name

    Industrials: ETFs investing in American Airlines Group Inc
    JETS-- 9.91% U.S. Global Jets ETF
    TRYP-- 3.60% SonicShares Airlines, Hotels, Cruise Lines ETF
    CRUZ-- 3.43% Defiance Hotel Airline and Cruise ETF

    Health Care: ETFs investing in Align Technology, Inc.
    QQQA-- 4.98% ProShares Nasdaq-100 Dorsey Wright Momentum ETF
    PTH-- 2.72% Invesco DWA Healthcare Momentum ETF
    QGRO-- 2.50% American Century STOXX U.S. Quality Growth ETF

    Information Technology: ETFs investing in Applied Materials, Inc.
    FTXL-- 7.55% First Trust Nasdaq Semiconductor ETF
    PSI-- 5.01% Invesco Dynamic Semiconductors ETF
    IVSG-- 4.97% Invesco Select Growth ETF

    Communication Services: ETFs investing in News Corp Class A
    N/A--

    Consumer Discretionary: ETFs investing in Etsy Inc
    LIV-- 4.98% Emles (a)Home ETF
    EBIZ-- 4.98% Global X E-commerce ETF
    BUL-- 4.10% Pacer US Cash Cows Growth ETF

    Utilities: ETFs investing in AES Corp
    N/A--

    Financials: ETFs investing in SVB Financial Group
    IAT-- 5.05% iShares U.S. Regional Banks ETF
    KBWB-- 4.31% Invesco KBW Bank ETF
    PFI-- 3.49% Invesco DWA Financial Momentum ETF

    Materials: ETFs investing in CF Industries Holdings, Inc.
    FTRI-- 2.46% First Trust Indxx Global Natural Resources Income ETF
    VEGI-- 1.90% iShares MSCI Global Agriculture Producers ETF

    Real Estate: ETFs investing in Weyerhaeuser Co
    WOOD-- 7.76% iShares Global Timber & Forestry ETF
    CUT-- 5.10% Invesco MSCI Global Timber ETF
    SPRE-- 4.65% SP Funds S&P Global REIT Sharia ETF

    Consumer Staples: ETFs investing in Lamb Weston Holdings Inc
    VEGI-- 1.71% iShares MSCI Global Agriculture Producers ETF

    Energy: No Winners
    N/A--

    Happy investing!

    submitted by /u/Engineer_Economist
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    SP500 Winners and Losers | 9/16/2021

    Posted: 16 Sep 2021 06:45 PM PDT

    Winners

    Winner of the day by sector | SP500:

    Sector | Company | Ticker | % Price Change

    1. Industrials | American Airlines Group Inc | AAL | 2.63%
    2. Health Care | Align Technology, Inc. | ALGN | 2.53%
    3. Information Technology | Applied Materials, Inc. | AMAT | 2.03%
    4. Communication Services | News Corp Class A | NWSA | 2.37%
    5. Consumer Discretionary | Etsy Inc | ETSY | 3.10%
    6. Utilities | AES Corp | AES | 0.71%
    7. Financials | SVB Financial Group | SIVB | 1.77%
    8. Materials | CF Industries Holdings, Inc. | CF | 1.20%
    9. Real Estate | Weyerhaeuser Co | WY | 1.86%
    10. Consumer Staples | Lamb Weston Holdings Inc | LW | 1.38%
    11. Energy | No Winners | |

    Losers

    Loser of the day by sector | SP500:

    Sector | Company | Ticker | % Price Change

    1. Industrials | L3Harris Technologies Inc | LHX | -3.35%
    2. Health Care | Waters Corporation | WAT | -2.47%
    3. Information Technology | Citrix Systems, Inc. | CTXS | -1.35%
    4. Communication Services | Interpublic Group of Companies Inc | IPG | -1.57%
    5. Consumer Discretionary | Aptiv PLC | APTV | -3.27%
    6. Utilities | Edison International | EIX | -2.54%
    7. Financials | Invesco Ltd. | IVZ | -2.58%
    8. Materials | Freeport-McMoRan Inc | FCX | -6.64%
    9. Real Estate | Host Hotels and Resorts Inc | HST | -0.79%
    10. Consumer Staples | Constellation Brands, Inc. Class A | STZ | -1.40%
    11. Energy | Cabot Oil & Gas Corporation | COG | -3.10%
    submitted by /u/Engineer_Economist
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    Anyone interested in the Ginko Bioworks and Soaring Eagle Acquisition merger tomorrow? (DNA and SRNG)

    Posted: 16 Sep 2021 04:57 PM PDT

    I've been looking into Ginko for the past month or so and I couldn't be more interested in the company and its potential. Company Website

    The company has a foothold in the bioengineering space and is seving as a manufacturer of a variety of products using cell based production.

    In summary, it looks dope asf and Im excited to at least see what happens tomorrow!

    I am worried about them being introduced to the market through an SPAC though. I've dealt with SPACs before, good and bad, and I was just wondering what your guy's opinions are on this Soaring Eagle, Ginko, and the potential hiccups that might occur durring the merger?

    Any info is awesome and appreciated!

    submitted by /u/SillySlimes
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    Please if Someone could help me out with Suggestions or Reccomendations I’d Greatly Appreciate it��

    Posted: 16 Sep 2021 12:05 PM PDT

    Ive been invested for over five years and have build a fairly solid portfolio, but I'm looking to expand into different sectors and definitely am looking for something more stable in terms of volatility. I've been looking at APPL, CLF, LKCO, and MSFT. I want to invest significantly in a position that has the ability to collect dividends and I can build on with time. Please list any information you have that's important regarding these positions or I'd really appreciate further suggestions backed by DD. Just unsure to be honest here and don't want to invest in the "wrong" one I guess lol. 🥂🥂

    submitted by /u/Sufficient-Method341
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    Why you should own Merck in 2021 and beyond | MRK stock review

    Posted: 16 Sep 2021 02:56 PM PDT

    Merck, or Merck Sharp & Dohme (MSD) outside the United States and Canada, is best known for their blockbuster drug Keytruda, a cancer drug that blocks PD-1 allowing our T-cells to kill cancer cells. Last year it generated 14.4 Billion USD of Merck's 48 Billion Revenue. This is the second best selling drug on earth behind Abbvie's Humira as of 2020.

    In this video, I am going to explain why in 2021, Merck & Co. should still be a staple in your long term dividend stock portfolio. Never invest in a business you don't understand, so in this video, I am going to be providing a full picture look at the business and future of Merck's stock.

    My name is David, and you should leave a like and subscribe to the channel if you enjoy the video:

    https://youtu.be/FzXjWnNWECk

    submitted by /u/DaithiOScolaidhe
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    How does owning stock help me in terms of using illiquid money in my favor?

    Posted: 16 Sep 2021 07:12 AM PDT

    I realize this may be a stupid question but I'm new to investing and been putting a lot of my money towards my portfolio. However, I want to buy land/a house someday and don't know if having my money tied up in stocks is the best choice for that.

    Would I have to sell it all someday to make a down payment? Is there someway to show a bank that "I'm good for it" because of the money in my portfolio? A lot of the reading I've done comes back to the savers are losers concept and I'm having a hard time understanding how much cash I should actually save and how much to invest.

    I also don't have a Roth IRA,401K, etc. to keep my stock in, is that something I should really be looking into? I just don't understand how a bank can look at my portfolio and how that helps me with a mortgage or what have you in the future.

    submitted by /u/darkodraven
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    Here's Your Daily Market Brief For September 16th

    Posted: 16 Sep 2021 05:45 AM PDT

    📰 Top News

    • S&P 500 Futures are -.31%; Dow Futures are -.21%; NASDAQ Futures are -.36%
    • US stock futures move lower after August retail sales unexpectedly increased when analysts expected a decrease. Retail sales increased .7% vs expected decrease of .8%. Note: Retail sales declined by 1.1% in July and analysts expected it to decline further due to rising COVID cases and rising prices
    • Historically, a majority of September's losses are in the 2nd half of the month. Typically, the S&P 500 "peaks" around the 17th of the month. Note: There are 2 major Fed events slotted for the 2nd half of the month: 1) Fed's policy statement and 2) Jerome Powell's news conference
    • Tensions between China and the US appear to rise as US President Biden and UK Prime Minister Johnson announced that Australia is joining them in a new Indo-Pacific security partnership. This partnership allows Australia to purchase nuclear-powered submarines from the US which comes at a time when China is growing its military presence in the region
    • Investors are concerned about the quickly rising cost of energy due to a "stagflation" risk where prices rise but economic growth slows. The situation is worsening in Europe where the French government will spend 580M euros to help households with rising bills. Yesterday, UK energy suppliers shut down operations due to the rising cost and competition

    🎯 Price Target Updates

    • Barclays boosted Adobe Inc. ADBE price target from $660 to $740
    • Piper Sandler lifted the price target for Chipotle Mexican Grill, Inc.. CMG from $2,235 to $2,600
    • Morgan Stanley cut the price target on American Express Company AXP from $200 to $195
    • Raymond James boosted Cisco Systems, Inc. CSCO price target from $57 to $64

    📻 In Other News

    • Although tax hikes to fund the $3.5T stimulus plan was approved yesterday, there are rising concerns the plan may be delayed by Democratic lawmakers, which would negatively impact market sentiment
    • Uranium prices shot to 9-year highs as the Sprott Physical Uranium Trust (SRUUF) continued to purchase uranium after it received approval of an "expanded equity sales program" to allow it to buy $1B worth of uranium in the next months
    submitted by /u/hivincentc
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    Investment thesis on SQZ, please give it 3 minutes

    Posted: 16 Sep 2021 12:09 PM PDT

    Hello everyone, I recently discovered a company that I'm really bullish at. It is also an amazing play, considering the current natural gas crisis. I'll share my investment thesis here and am hoping you guys can shoot some holes through it. It's a pretty long read, but please bare with me.

    The company is Serica Energy. It's a UK based oil and gas production company. Current market cap of around 510$ mil. Now the fact that makes it interesting is a deal they made a couple of years ago with BP and some other companies, in which they acquired interest in some oil and gas producing assets (fields, platforms, pipeline etc.). Now the deal is interesting, because Serica paid minimal amount of cash upfront, instead agreeing to share the profits from the assets for the coming 4 years, basically giving away 60, 50, 40, 40% of the profits accordingly. First full fiscal year of operating the assets 2019 they made around 60 mil. profit (p/e = 8-9) even after giving away a big part of cash provided by the newly acquired assets. F. Y. 2020 was significantly worse because of covid, the crash of oil and gas prices and ca. 6 week downtime of some of the assets due to some mechanical problems that are now solved. A reasonable expectation is that after all these problems are out of the way they can come back to at least the earnings of F. Y. 2019 (p/e =8-9). On top of that they have a couple of projects running that are expected to increase the production significantly in the next couple of years. Now comes the kicker - 2021 is the last year of sharing the profits, after which 100% of them stay in the company, which means the total profits will jump around 70% without the company growing at all (making the p/e around 5). Kicker number 2 - out of the 510$ mil market cap they have 100 mil. in cash and zero debt giving it an enterprise value of 410 mil. (making 100 mil annually from 2022 forward) Kicker number 3 - the current natural gas crisis with the gas prices at the highest levels since 2014, which makes my above estimates very conservative. (80% of sericas production is gas and only 20% oil).

    The management also seems to be in line with the shareholders, not in a hurry to make further deals at least they can guarantee a very good ROI.

    Let me know what you think!

    submitted by /u/Intelligent_Major348
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    LWLG big upside potential. Check out the recent news and company updates. Diamond in the rough...check out LWLG website investor video to understand what the company does and the current stage of development.

    Posted: 16 Sep 2021 11:53 AM PDT

    Analysts’ Ideas – Three Overlooked Commodities used in Electric Vehicles

    Posted: 16 Sep 2021 11:51 AM PDT

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