• Breaking News

    Wednesday, November 3, 2021

    Stock Market - Federal Reserve to begin slowing its pace of asset purchases this month

    Stock Market - Federal Reserve to begin slowing its pace of asset purchases this month


    Federal Reserve to begin slowing its pace of asset purchases this month

    Posted: 03 Nov 2021 11:02 AM PDT

    Well this was my first ever option contract, Scared as shit, won’t do it again soon ����

    Posted: 03 Nov 2021 12:07 PM PDT

    Market looking positive after the Fed's decision today

    Posted: 03 Nov 2021 02:46 PM PDT

    Not bad for a $1000 start and a couple weeks. Better here than Sitting in The bank.

    Posted: 03 Nov 2021 01:03 PM PDT

    Anybody like Activision right now it’s down about 15%

    Posted: 03 Nov 2021 07:17 AM PDT

    Tapering Begins, Fed Insist Low Rates Will Persist.

    Posted: 03 Nov 2021 02:05 PM PDT

    Need advice on investing extra 7000€

    Posted: 03 Nov 2021 04:13 AM PDT

    First option, how did I do lol? (Suoer noob, I have been asking a lot of questions)

    Posted: 03 Nov 2021 03:04 PM PDT

    Here is a Market Recap for today Wednesday, Nov 3, 2021. Please enjoy!

    Posted: 03 Nov 2021 03:44 PM PDT

    PsychoMarket Recap - Tuesday, November 3, 2021

    The market continued its march higher, with all three major indexes remarkably posting fresh intraday highs. The market gapped up in the last few hours of the session after the release of the Federal Reserve's monthly monetary policy decision, which came in exactly how market participants wanted. The Russell 2000 (IWM) broke out in a big way today, finally breaking the $234.5 resistance it was battling with all year. Overall a great day for the markets.

    As was widely expected and extensively talked about on these recaps, the Fed announced it would begin tapering the pace of quantitative easing this month. As a reminder QE is one of the most powerful tools the fed has to help underpin the economy and financial markets during times of stress or crises (like the pandemic). Since last year, the Fed had been running QE at a clip of $120 billion per month. That pace will now begin to slow.

    The Fed said in a statement, "In light of the substantial further progress the economy has made toward the Committee's goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities.

    The best part, and what propelled markets higher the last hour of market, was that the Fed's decision did not come with an updated timeline regarding the interest rate.

    Still, the persistently hotter-than-expected inflationary pressures in the recovering economy have put the Fed in a difficult spot when it comes to waiting on rate hikes, many economists argued. These elevated levels of inflation might push the Fed to raise rates more quickly than previously telegraphed, some maintained. And in the Fed's latest policy statement Wednesday, the central bank slightly updated its remarks on inflation, saying that "Inflation is elevated, largely reflecting factors that are expected to be transitory." In September, the Fed had said inflation was "elevated, largely reflecting transitory factors."

    In a later press conference, Fed Chair Jerome Powell said of current inflationary pressures, "The inflation that we're seeing is really not due to a tight labor market. It's due to bottlenecks and it's due to shortages and it's due to very strong demand meeting those. We don't see troubling increases in wages, and we don't expect those to emerge."

    He reiterated that there is further ground to cover in regards to maximum employment, one of the fundamental data points the Fed looks at when deciding policy. Powell said, "It is time to taper we think because the economy has achieved substantial further progress toward our goals measured for last December. We don't think it's time yet to raise interest rates. There is still ground to cover to reach maximum employment both in terms of employment and terms of participation."

    On a personal note, I want to say I commend the Fed for successfully avoiding another taper tantrum, like the one we saw in 2013 when the markets went into meltdown after the Fed announced they would begin to taper QE. In the end the fears were massively overblown. I saw a lot of fear mongering regarding tapering this time around glad that was avoided.

    Highlights

    • Tesla (TSLA) stock was on the rise today again after Uber announced Tesla cars will be available to buy or lease as part of a green initiative for the ride-hailing company
    • Netflix (NFLX) announced that subscribers with Android phones or tablets can start playing mobile games on its app, an effort by the company to push into gaming. A Netflix subscription is required but there is no additional cost.
    • Elon Musk clarified via Twitter (TWTR) that there was no contract signed yet between Hertz and Tesla (TSLA) to buy the 100,000 EVs. A Hertz spokeswoman said deliveries of Tesla had already started. A link on Hertz's website gives users the option to rent a Tesla Model 3. However, Hertz declines to comment beyond its original statement saying, "We don't discuss the details of our business relationships or discussions with any auto maker or partner".
    • With the recent surge in Tesla, Elon Musk became the first person to have a personal net worth surpassing $300 billion, absolutely insane. If he were a company, he'd be a top 30 company in the US by market cap by himself.
    • Green Bay Quarterback Aaron Rodgers teamed up with Square (SQ) to give away $1 million in BTC as part of a promotion and will begin receiving part of his massive $33.5 million salary in that currency.
    • Amazon (AMZN) seeks approval from the Federal Communications Commission to launch two Project Kuiper satellites in 2022. Similar to SpaceX, it intends to be a broad constellation of internet and broadband satellites.
    • EV startup Rivian which is backed by Amazon (AMZN) and Ford Motors (F) announced it was seeking a $53 billion valuation in its upcoming IPO
    • **Please note that current stock price was written during the session and may not reflect closing prices*\*
    • Akamai Technology target raised by Morgan Stanley from $119 to $130. Stock currently around $111
    • Cummins (CMI) with two target raises. Stock currently around $235
      • Morgan Stanley from $252 to $262 at Equal Weight
      • Credit Suisse from $295 to $304
    • ConocoPhillips (COP) target raised by Wells Fargo from $82 to $84 at Overweight. Stock currently around $73
    • Catalent (CTLT) target raised by Morgan Stanley from $147 to $160 at Overweight. Stock currently around $136
    • Caesars Entertainment (CZR) target raised by Wells Fargo from $140 to $145 at Overweight. Stock currently around $110
    • Esee Lauder (EL) with a host of target raises. Average price target $400 at Buy. Stock currently around $340
    • Generac (GNRC) with four very bullish target raises. Stock currently around $453
      • Roth Capital from $500 to $555 at Buy
      • Canaccord Genuity from $515 to $575 at Buy
      • KeyCorp from $520 to $540 at Outperform
      • Oppeinheimer from $500 to $540 at Outperform
    • Lyft (LYFT) target raised by Citigroup from $88 to $95 at Buy. Stock currently around $49
    • Paycom (PAYC) with a host of target raises. Average price target $575 at Buy. Stock currently around $512
    • SolarEdge (SEDG) with a host of target raises. Average price target $400 at Buy. Stock currently around $353

    "Many of life's failures are people who did not realize how close they were to success when they gave up." - Thomas Edison

    submitted by /u/psychotrader00
    [link] [comments]

    Anybody else believe that V’s price looks like an attractive buy? Fundamentally and technically, I’d say it’s due for an uptrend. (By the way, I’ve done much more DD on V than just looking at the chart on Yahoo Finance.)

    Posted: 03 Nov 2021 04:31 PM PDT

    Image is the Case-Schiller National Home Price Index. Only Homes sold 2x within last 10 yrs included in data. Homes sold 1x in 10 yrs not included. What I don’t understand is how Zillow loses money buying & flipping homes when home values are increasing at that rate of change?

    Posted: 03 Nov 2021 06:46 PM PDT

    The Seeking Alpha Portfolio I sold and abandoned in 2016-2017. I am so, so sad right now.

    Posted: 03 Nov 2021 06:59 PM PDT

    AMC to release the much anticipated Q3 results on Monday. What to Expect?

    Posted: 03 Nov 2021 03:16 PM PDT

    What Rising Interest-Rates Has Meant for Small and Large-Cap Stocks

    Posted: 03 Nov 2021 12:24 PM PDT

    Every fed announcement there is someone screaming on twitter/socials that we are in a bubble and things will crash. One day they will be right.

    " Interest rates, as measured by the US Treasury 10-year note have been below 4% since 2008. The 10-year is an important rate in many homeowners' lives as it is the benchmark rate for many conventional 30-year mortgages. Rates are currently being held well below most measures of inflation as a part of the Fed's efforts to maintain a healthy economy. Rates on bonds would naturally have a positive spread over inflation, inflation rates either have to come down, or bond rates should rise. "

    " Each time the Fed talks of tightening, the stock market is concerned. Historically stocks are not impacted the way bonds are, and small-cap stocks tend to outshine. We don't know what will occur over the next year, but looking back, we may not need to be concerned at all. "

    Full Read

    submitted by /u/channelchek
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    SP500 Winners and Losers | 11/3/2021

    Posted: 03 Nov 2021 04:05 PM PDT

    Winners

    Winner of the day by sector | SP500:

    Sector | Company | Ticker | % Price Change

    1. Industrials | Expeditors International of Wshngtn Inc | EXPD | 4.75%
    2. Health Care | Centene Corp | CNC | 6.58%
    3. Information Technology | Akamai Technologies, Inc. | AKAM | 5.46%
    4. Communication Services | T-Mobile Us Inc | TMUS | 5.30%
    5. Consumer Discretionary | Tapestry Inc | TPR | 5.53%
    6. Utilities | NiSource Inc. | NI | 2.22%
    7. Financials | People's United Financial, Inc. | PBCT | 4.26%
    8. Materials | FMC Corp | FMC | 12.62%
    9. Real Estate | Weyerhaeuser Co | WY | 5.86%
    10. Consumer Staples | Kroger Co | KR | 5.45%
    11. Energy | Coterra Energy Inc | CTRA | 2.98%

    Losers

    Loser of the day by sector | SP500:

    Sector | Company | Ticker | % Price Change

    1. Industrials | Generac Holdings Inc. | GNRC | -6.24%
    2. Health Care | Charles River Laboratories Intl. Inc | CRL | -10.22%
    3. Information Technology | Paycom Software Inc | PAYC | -7.36%
    4. Communication Services | Activision Blizzard, Inc. | ATVI | -14.06%
    5. Consumer Discretionary | Chipotle Mexican Grill, Inc. | CMG | -1.25%
    6. Utilities | American Water Works Company Inc | AWK | -4.97%
    7. Financials | Aon PLC | AON | -3.21%
    8. Materials | LyondellBasell Industries NV | LYB | -0.85%
    9. Real Estate | SBA Communications Corporation | SBAC | -1.77%
    10. Consumer Staples | SYSCO Corporation | SYY | -0.30%
    11. Energy | Halliburton Company | HAL | -2.60%
    submitted by /u/Engineer_Economist
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    Josh Brown says retail, transportation demand is coming back amid rising prices. Bigger event for professional financial commentators content then actual Fed Chair FOMC Press Conference.

    Posted: 03 Nov 2021 02:29 PM PDT

    Where's my SENSE bagholder at? Look like FDA approval is just around the corner

    Posted: 03 Nov 2021 08:59 AM PDT

    The cannabis stocks today

    Posted: 03 Nov 2021 08:08 PM PDT

    Al Gore Sees ‘A Subprime Carbon Bubble’

    Posted: 03 Nov 2021 02:05 PM PDT

    I felt compelled to do it! Going long and not looking back

    Posted: 03 Nov 2021 08:56 AM PDT

    I have no idea what I’m doing. Do I hold, sell, “exercise” (which I’m assuming is sell)?

    Posted: 03 Nov 2021 06:45 PM PDT

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