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    Monday, November 29, 2021

    Home Unlabelled Stock Market - Market open - Monday, November 29th, 2021

    Stock Market - Market open - Monday, November 29th, 2021

    November 29, 2021

    Stock Market - Market open - Monday, November 29th, 2021

    Market open - Monday, November 29th, 2021

    Posted: 29 Nov 2021 06:31 AM PST

    How does a stock go above 100% short interest?

    Posted: 29 Nov 2021 10:42 AM PST

    I have been following the GME saga and I'll admit I'm deep in that and other similar investments. However, I am trying to decouple myself from the echo chamber and get some outside input from knowledgeable investment folks (presumably like yourselves).

    Fintel is now showing over 100% short interest for GME. This is either a big event for investors or a glitch; I'm not sure which. My question is, do glitches happen often with places like fintel or is this most likely accurate? If it is, how does this happen to a stock? Again, I know the theories on other subs and I'm looking for reasons not to believe something is brewing.

    submitted by /u/ShipwreckDD
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    Stocks are back up after Friday's bloodbath

    Posted: 29 Nov 2021 01:31 PM PST

    Prediction

    Posted: 28 Nov 2021 09:49 AM PST

    �� I guess the buyers are out fishing today ��

    Posted: 29 Nov 2021 07:35 AM PST

    Biden Administration Implication for the stock market.

    Posted: 28 Nov 2021 11:23 PM PST

    Here is a Market Recap for today Monday, Nov 29, 2021. Please enjoy!

    Posted: 29 Nov 2021 01:13 PM PST

    PsychoMarket Recap - Monday, November 29, 2021

    Following an extremely volatile, holiday-shortened week, stocks rebounded on Monday, driven higher by a huge bounce in technology, as market participants grapple with the potential implications of the newly discovered "Omicron" coronavirus variant. The Dow Jones (DIA) closed higher after its worst day since October 2020, as the price of oil, which suffered its worst day all year, somewhat rebounded. While it is way too early to make any conclusions, I am personally looking at this dip as a potential buying opportunity in equities that were overstretched before.

    Wedbush analyst Dan Ives wrote in a note to clients, "Ultimately this is not the first or last variant scare and our tech playbook over the last 18 months has been to use these macro/risk-off events as buying opportunities to own the tech sector specifically cloud, cyber-security, and 5G winners. While we are seeing a return to normalcy, a semi-remote workforce environment we believe is here to stay which underscores our tech cloud thesis into 2022 that the digital transformation build-out will be accelerated and is not a one time COVID pull forward event"

    The US and EU have banned a host of destinations to ban flights from several African countries after the new variant was discovered. But cases of the variant, which the World Health Organization (WHO) has so far designated as a "variant of concern-sars-cov-2-variant-of-concern)," have also detected in regions including the U.K., Hong Kong, Australia, Germany and Italy, among others.

    While there is still much that needs to be studies regarding the Omicron variant, Pfizer (PFE) and Moderna (MRNA), the two largest producers the current COVID vaccine, asid they are already working to adapt current inoculations for the new variant and that, if a tailor made vaccine is necessary, would be completed relatively quickly. Moderna's Chief Medical Officer Paul Burton said a new vaccine to address the Omnicron variant would be widely available in early 2022 and Pfizer said it could take about 100 days to have a tailor made vaccine widely available.

    President Biden said of the new variant, "his variant is a cause for concern, not a cause for panic. We have the best vaccines in the world, the best medicine, the best scientists, and we're learning more every single day. We have more tools today to fight the variant than we ever have before."

    Despite concerns present in the market, consumer spending, which accounts for roughly 70% of US GDP, continues accelerating. While supply-chain disruptions could lead shoppers toward in-stock items at physical stores this year, I think overall spending will see a healthy increase. The National Retail Federation (NRF) is forecasting an 8.5%-10.5% increase in holiday sales this year, compared with 2020.

    The latest reading shows the personal savings rate is 7.5% (savings as a % of disposable income), the third-highest rate coming into Thanksgiving in the last quarter century. While this is down dramatically from the spike during the pandemic lockdowns (when consumers were unable to consume), the savings rate remains notably above the long-term average of 6.5% (6.1% excluding 2020). We think elevated savings will be drawn down, representing additional dry powder that will power consumer-spending growth for an extended period. At 4.2%, wage growth is now the highest it's been since Thanksgiving of 2007, providing additional fuel for consumers. Looking back over the last 25 years, when wage growth was above 4% and accelerating, GDP growth averaged 3.2%, compared with an average of 2.5% over the entire period, according to a report by Edward Jones.

    Highlights

    • Chief Executive Satya Nadella sold about half of his shares in the company last week, according to a federal securities filing. In the filing last week with the U.S. Securities and Exchange Commission, the Redmond, Wash.-based software company reported Mr. Nadella sold 838,584 shares over two days, down from close to 1.7 million shares.
    • Jack Dorsey announced he will be stepping down as CEO of social media Twitter (TWTR), giving the lead role to Chief Technology Officer Parag Agrawal. In my opinion, this is good news for Twitter, given they will now have more focused leadership. Dorsey, who is also the CEO of Square (SQ) has a lot on his plate.
    • Nissan Motors announced it was planning to spend $18 billion over five years to accelerate growth of their EVs.
    • Shares of Alibaba (BABA) stock fell to its lowest level in four years amid the continued regulatory push by the Chinese Communist Party (CCP).
    • Tencent (TCEHY) will further open their super-app WeChat, with over 1.2 billion users in China, and allow links to external shopping sites like Alibaba. This was a new regulation instituted by the CCP in order to encourage competition among the big tech firms. Previously, apps in China did not allow competitor links in their platforms.
    • Russia will continue slowing down the speed of Twitter on mobile devices until all content deemed illegal is deleted, state communications regulator
    • Please note price target upgrades were written during the session and may not reflect closing prices*\*
    • John Deere (DE) with three target raises. Stock currently around $350
      • Evercore ISI from $354 to $415 at Outperform
      • Deutsche Bank from $375 to $398 at Hold
      • Stifel Nicolaus from $430 to $445 at Buy
    • Marvell Technology (MRVL) with two target raises. Stock currently around $75
      • JP Morgan from $74 to $85 at Overweight
      • B. Riley from $83 to $90
    • Pfizer (PFE) target raised by Morgan Stanley from $50 to $60 at Equal Weight. Stock currently around $53
    • Snowflake (SNOW) target raised by BTIG Research from $353 to $421 at Buy. Stock currently around $366
    • Zscaler (ZS) target raised by Needham from $345 to $390 at Strong-Buy. Stock currently around $354.

    "All our dreams can come true, if we have the courage to pursue them." - Walt Disney

    submitted by /u/psychotrader00
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    Twitter CEO Jack is stepping down 1 day after the tweet "I love twitter"

    Posted: 29 Nov 2021 07:41 AM PST

    Jack Dorsey, co-founder and CEO of Twitter, is said to step down from CEO according to CNBC's David Faber.[1]

    "I love twitter" is the latest tweet posted by Jack Dorsey.[2] Dorsey also serves as CEO for online payment company Square, and most of his recent tweets are about cryptocurrencies.

    Paul Singer, billionaire investor and founder of Elliot Management, calls for Dorsey to step down as CEO of one of the companies. Elliot Management, as Twitter's stakeholder, had sought to replace Jack Dorsey as CEO in 2020.

    We still don't know who will succeed Dorsey.

    Twitter shares jumped 3.48% at 9:52 a.m. in New York.

    source

    https://www.cnbc.com/2021/11/29/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html

    https://twitter.com/jack/status/1464865985471471616

    submitted by /u/eddieweng
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    I think I just wasted my last $1000

    Posted: 29 Nov 2021 12:59 PM PST

    So I got on my Fidelity app with the intention of buying 20 Jan 21 22 SQQQ $7 calls. Figured it would be about $800 at the time with a price around .40. Order fills immediately for .03 and I am taken back. Open up the options ladder and sure enough, it looks like a glitch. So I dump my last $1000 in and am thinking I just hit pay dirt.

    Then I look at my portfolio and it says SQQQ2220121. (There's an extra 2 in there) SQQQ2? Wtf is that? I need someone more intelligent to explain this to me. Did I just waste my last grand in play money??? What would happen if I exercised them?

    Extra characters because even though I asked my question, apparently I should have been more drawn out in telling the story.

    Edit: This is my PLAY money. NOT grocery money. 🤣 Your downvotes to an honest question and obvious screw up are terrible.

    submitted by /u/spank_that_hedge
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    I'm so confused. Why does it subtract money from my account before giving me a dividend? I have not seen any dividend money I have gotten go to my TD Ameritrade balance or my bank account.

    Posted: 29 Nov 2021 03:57 PM PST

    Here's Your Daily Market Brief For November 29th

    Posted: 29 Nov 2021 05:35 AM PST

    📰 Top News

    S&P Futures: +0.76%; DOW Futures: +0.61%; Nasdaq Futures: +0.90%

    US stock futures traded higher Monday morning following Friday's big sell-off, as investors monitor the latest developments related to the Covid-19 Omicron variant and assess its market impact.

    US bracing for Omicron - US citizens should prepare to encounter the new Omicron Covid-19 variant, as warned by the US top infectious disease official, Dr. Anthony Fauci. Note: The US is joining other nations to block transmission. Starting Monday, it will bar entry of nearly all foreign nationals who have been in any of eight southern African countries within the last 14 days and has warned Americans against traveling to those nations.

    OPEC postpones meetings - OPEC and its allies postponed its meetings to later this week, giving themselves more time to assess the impact of the new Omicron variant on oil demand and prices. Note: Oil prices crashed together with other financial markets on Friday by more than 10%, their largest one-day drop since April 2020, as the new variant spooked investors and added to concerns that a supply surplus could swell early next year.

    Omicron vax ready in 2022 - Moderna's Chief Medical Officer said the vaccine maker could roll out a reformulated vaccine against the Omicron variant early next year. Note: Omicron has been classified as a "variant of concern" by the World Health Organization, meaning it is more contagious, more virulent, or more skilled at evading public health measures, vaccines, and therapeutics.

    🎯 Price Target Updates

    Raymond James upgrades Bumble. BMBL upgraded from MARKET PERFORM to OUTPERFORM - $48

    JPMorgan upgrades Hyatt Hotels. H upgraded from NEUTRAL to OVERWEIGHT - $101 (from $90)

    Morgan Stanley downgrades Jumia. JMIA downgraded from EQUAL WEIGHT to UNDERWEIGHT - $11 (from $21)

    📻 In Other News

    US shoppers flood stores for Black Friday deals - Shoppers returned to stores on Black Friday this year but traffic remained well below pre-pandemic levels, according to a report from Sensormatic Solutions. Note: Visits to stores and shopping centers climbed 48 percent from a year ago while trailing 2019 traffic by 28 percent.

    Amazon goes to the Middle East - Amazon agreed to partner with the Abu Dhabi Investment Office to establish a fulfillment center in the emirate by 2024. The project is expected to create thousands of jobs and boost the Middle East's logistics and retail ecosystem. Note: The Middle East represents a massive growth opportunity for the Seattle-based technology giant, which is facing headwinds in its e-commerce business amid a US labor shortage and rising inflation and freight costs.

    Thanksgiving box office suggests returning confidence - Over the five-day holiday weekend, moviegoers in the U.S. and Canada spent around $142 million on tickets, according to data from box office tracker, Comscore. While the Thanksgiving box office didn't deliver the typically strong results that the movie theater industry has come to expect in the last decade, ticket sales for new titles fueled confidence that recovery was well underway. Note: Titles from Disney, MGM, and Universal led ticket sales over the weekend where ticket sales often topped $250 million.

    📅 This Week's Key Economic Calendar

    Monday: Pending Home Sales MoM (October)

    Tuesday: FHFA House Price Index, MoM September

    Wednesday: ADP Employment Change, November

    Thursday: Initial jobless claims (week ending Nov 27)

    Friday: Markit US Services PMI

    📔 Snippet of the Day

    Quote of the day: "Time is more valuable than money. You can get more money, but you cannot get more time" -Jim Rohn

    submitted by /u/hivincentc
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    Buying the Omicron dip

    Posted: 29 Nov 2021 03:40 AM PST

    How to cope up with market correction

    Posted: 29 Nov 2021 05:37 AM PST

    What kind of chart is the one at the bottom of the screenshot? Found this but I have no idea what this shows me.

    Posted: 29 Nov 2021 12:10 PM PST

    Is A Red Black Friday Healthy? �� | Market News Sentiment Review 11/22-11/26

    Posted: 29 Nov 2021 06:51 AM PST

    Is A Red Black Friday Healthy? 🧧 | Market News Sentiment Review 11/22-11/26

    Stock market news sentiment tumbled this week along with the markets, brought down by the omicron strain and inflationary pressures. We dive into sentiment surrounding $TGT, $CRO, $PFE, $EA, and $LUNA

    stock market news wordcloud 11/22-11/26

    Happy late Thanksgiving, and welcome to another weekly review of market news sentiment. I am your host Ramsey Shaffer (@babbldev on Twitter) — thanks for being here, and shouts out to the 3 new subscribers to the newsletter this week! If you haven't already, join our growing lil community here👇

    ​

    This past week we analyzed another 1147 stock market news articles from across the internet to find stocks worth watching and investing in. Below we'll highlight the topics and tickers that Wall Street is talking most about this week, and give you some ideas for stocks to buy (and sell) based on their news sentiment. Here's the breakdown:

    ​

    1. This Week's News Sentiment [1 min read]
    2. Most Mentioned Tickers in News Coverage [1 min read]
    3. Best and Worst Ticker Sentiment [2 min read]
    4. Biggest Mood Swings & Changes [2 min read]
    5. Weekly Market Mood Outlook [1 min read]

    ​

    1. This Week's News Sentiment 📰

    ​

    https://preview.redd.it/dvp976t8sj281.png?width=1456&format=png&auto=webp&s=f34efea4a3532c086b6bbb67b67355e63e8749a1

    In a shortened holiday trading period, this week stock market news sentiment fell for the second consecutive week to an overall bearish score of -8%, indicating growing levels of pessimism expressed into the future about the markets. In terms of mood (optimism vs. pessimism), the average article written this week scored a -7%, and in terms of tense (past, present, future), this week's average article scored +15%, signaling speculative language — driven by the following topics and events:

    📈 Stocks: the discovery of a new highly transmissible coronavirus variant in South Africa upended what had been a fairly quiet week for financial markets.1 A steep sell-off on Friday left U.S. large-cap stock indexes with weekly declines ranging from around 2.0% to 3.5%; a small-cap benchmark dropped 4.1%. A measure of investors' expectations of short-term U.S. stock market volatility surged 54% on Friday amid news about yet another coronavirus variant. The Cboe Volatility Index—also known as the VIX—jumped to nearly 29, the highest level in nine months.

    🦅 Economy: President Biden nominated Federal Reserve Chair Jerome Powell to serve a second four-year term as head of the nation's central bank, lifting expectations of policy stability as the Fed seeks to contain rising inflation. The nomination is widely expected to be approved by the Senate, and Powell's new term would begin in February 2022. Outside of stocks, the omicron coronavirus variant stirred up both the commodities and bond markets late this week as well — U.S. crude oil finished Friday down 12% to $69 per barrel, and 10-year U.S. treasury bonds surged, pushing the yield down to 1.48% by the end of the week.

    ​

    2. Most Mentioned Tickers 📊

    Each week we analyze the number of headlines written about each stock and cryptocurrency. Here are the most mentioned tickers in this week's news and the tickers with the biggest volume increase compared to last week:

    ​

    https://preview.redd.it/hb9cyydcsj281.png?width=1222&format=png&auto=webp&s=d61c80e6bea3e15b4f69e2084d70e16a93cb8d79

    ​

    https://preview.redd.it/njxtfkfdsj281.png?width=1228&format=png&auto=webp&s=cd59077f74d9204d111de41ef72f5cd91176fcba

    🛒 Target ($TGT) saw the biggest jump in stock market news coverage this week:

    After a relatively red Black Friday, Target Corp. was mentioned more than any other ticker in news coverage this week, yielding relatively neutral news sentiment despite recent analyst upgrades to its stock. $TGT finished the week down 1.6% to $246.57, coming off of a near-all-time high price point set last week in the wake of its relatively optimistic Q3 earnings report, in which the company released both top- and bottom-line revenue beats and raised guidance for the remainder of the year, driven in part by recent growth in its online grocery-delivery service Shipt.

    Target also managed to buy back an aggressive $2.2 billion worth of its own shares throughout the quarter, adding dollars back into its shareholders' pockets. While supply chain issues and stiff competition in the mobile retailer space remain adamant, analysts seem to agree that $TGT is still one of the best-in-class value stocks in its peer group, with strong expectations for the remainder of the year heading into 2022, highlighted here:

    "Target Thinks Its Stock Is Cheap: Q3 Earnings Show Why" | The Motley Fool

    3. Sentiment Winners and Losers 👍👎

    Each week we summarize the most extreme sentiment scores in the news for each ticker to help you decide where to focus your attention. This time we're doing things a bit different: instead of breaking sentiment out into mood (optimism/pessimism) and time-sense (speculation/reaction), we've combined these metrics into a singular bullish/bearish sentiment score for each ticker:

    ​

    https://preview.redd.it/b5uza98isj281.png?width=1304&format=png&auto=webp&s=ec594e7a374cd7c8b360c26f44adfb3bc3587729

    Most Bullish Tickers in News Coverage 😀

    🏀 1. Crypto.com Coin ($CRO) doubles down on big sponsorship bets as the race for the top heats up:

    After solidifying a $700M deal to become the new namesake of the LA Staples Center earlier this month, Coinbase's biggest rival Crypto.com has quickly become the talk of the town, with prices surging nearly 400% over the past 30 days. $CRO has ridden a wave of highly optimistic news sentiment to add roughly $7B in market cap over the past week and change, as one of the few tokens to rally against the falling tide of a larger cryptocurrency market sell-off.

    As if the Staples center hype wasn't enough, Crypto.com's management also brokered a deal this week to become an official partner of Latin America's leading soccer competition — the CONMEBOl Libertadores — further signaling their confidence in putting their money where their mouth is. By our measurements, the coin is currently 98% percentile in terms of speculation expressed in news coverage, as analysts gear up for what will surely be a heated battle between Crypto.com and Coinbase for the future attention of retail crypto traders throughout the world. This week's most optimistic $CRO article:

    "Will High Social Sentiment Help CRO Chart Solana-like Gains?" | AMB Crypto

    💉 2. Pfizer Inc. ($PFE) gains on speculation surrounding the omicron coronavirus variant:

    $PFE stock was a lonely gainer in the stock market this week, breaking out roughly 5% to $54 per share as scientists contend with the new Omicron COVID-19 variant. The question remains as to how effective current vaccines will be in treating omicron, with Pfizer's partner BioNTech ($BNTX) saying it will take at least two weeks to test it against the success of its vaccine — there does appear to be a reason to believe that anti-virus pills (such as those made by Pfizer and Merck ($MRK)) would retain effectiveness vs. the new strain.

    While the World Health Organization announced that omicron appears to have a higher risk of reinfection for those who have already had COVID-19 and declared it to be a "variant of concern", South African doctors have said cases so far have seemed to be "mild". Analysts responded to the news speculation with general optimism towards Pfizer and its fellow vaccine producers, as the winding road to the fabled finish line of the pandemic continues on. If there's anyone to benefit from more Covid cases, it will be Pfizer and its stock price in the months to come. This week's most optimistic $PFE article:

    "IBD Stock of the Day Pfizer Breaks Out As Scientists Contend With New Variant" | Investor's Business Daily

    Most Bearish Tickers in News Coverage 😒

    🎮 1. Electronic Arts Inc. ($EA) stock falls on botched Battlefield 2042 release:

    $EA stock tumbled another 8% this week towards a 52-week low of $125.97 per share this week after the problematic release of its highly-anticipated Battlefield 2042 game on Friday. The issues clearly stem from the game's development timelines and quality problems, as the title has quickly become regarded as one of the worst-reviewed games in the history of the online-gaming site Steam. At last check, only 27% of the roughly 40,000 reviews for the game were positive, with most negative reviews complaining that the game was unfinished, contained bugs, and lacked many features that fans were expecting.

    The game was originally slated for release in early October, but after the development issues and a feared delay out into 2022, EA decided for a release this week — some are saying they should have never released it in the first place. On top of the botched Battlefield, analysts are also reacting to poor earnings growth from the company over the past year — and with a -40% return (relative to the video game industry's average of +19% over the year), many are bleak on the near future of the company. This week's most pessimistic $EA article:

    "Activision, 'Battlefield 2042' Woes Slam Videogame Stocks" | Market Watch

    💡 2. Luna Innovations Inc. ($LUNA) dips further in its earnings aftermath:

    Shares of the American fiber-optics manufacturer $LUNA fell more than 8% this week to $8.55 following a disappointing showing in its Q3 earnings report released the week prior. The company reported quarterly earnings of $0.03 per share, missing the Zacks consensus estimate of $0.07 by more than 50%, and posted $20.33M revenues which also missed estimates by more than 33%.

    The major concern for most analysts here seems to be Luna's lack of ability to capitalize on its margins — while Q3 was reportedly a record quarter of customer demand for the company with more bookings than ever before, growing backlogs in its fiber optics production caused the company to miss out on much of its potential revenues. Persisting industry-wide supply chain challenges (coupled with the increasing impact of COVID-19) paint a disenchanting picture for $LUNA in the near term, indicating that its production capabilities could likely squeeze more before expanding. This week's most pessimistic $LUNA article:

    "Luna Innovations Misses Q3 Earnings and Revenue Estimates" | Nasdaq

    4. Biggest Mood Swings & Changes 🔀

    Each week we compare the sentiment of each ticker to its sentiment from the previous week. Presented below are the tickers that saw the biggest increases in bullish/bearish sentiment this week vs. last week:

    ​

    https://preview.redd.it/dvrepzunsj281.png?width=1292&format=png&auto=webp&s=9c75f16cea3ebf9dfafb7129b167afc46a247afc

    💊 Johnson & Johnson ($JNJ) saw the largest increase in bullish news sentiment this week on speculation surrounding the omicron coronavirus variant, coupled with the company's plans to devolve itself into two separate businesses — one for its consumer products and another for its pharmaceutical business

    🖥️ Best Buy Inc. ($BBY) recorded the 2nd-biggest increase in bullish sentiment this week after a tough week last week in which the company's Q3 earnings call highlighted tepid sales forecasts for the remainder of the year (despite beating revenue targets). Analysts rode the Black Friday tailwinds to say that $BBY is undervalued and reaching best "buy" territory (pun intended).

    🧮 Texas Instruments Inc. ($TXN) posted the biggest increase in bearish language expressed this week compared to last as its semiconductor sales woes appear on track to get worse before they get better. After a dismal performance last month, analysts argue that $TXN could be worth selling — it's also worth noting that former VP Al Gore's investment firm sold all of its $TXN shares this week while doubling down on its position in Intel ($INTC).

    🛢️ Exxon Mobil Corp. ($XOM) toated the 2nd-biggest increase in bearish sentiment expressed this week compared to last after falling behind plummeting oil prices. The price fell to around $69 per barrel — the lowest level in more than two and a half months — as several nations banned air travel from countries in Southern Africa in hopes of containing the variant's spread.

    5. Market Mood Outlook 🔭

    As we've said throughout this bull run over the past few months, global concerns like the resurgence of COVID-19, inflationary pressures, and supply chain issues are a concoction with the potent potential to downsway the markets. This week's Black Friday excitement + the emergence of the omicron coronavirus variant banded together to do exactly that, amalgamating into one of the largest stock market sell-offs since the start of the pandemic. The market's correction does seem warranted, and the good news is that the market could now abound with buying opportunities.

    This week will be pivotal, with the major indexes reaching relief below their recent all-time highs. If the likes of the $SPY and $QQQ can find and bounce off of their support levels, then analysts speculate that we could see continued growth throughout the remainder of the year (shown below) — though the $VIX index indicates that volatility will also likely grow before it shrinks.

    The true impact of the omicron variant remains to be seen, and it will be at least another week or so before we can say for certain how effective our current vaccines will be at preventing more shutdowns. In terms of US economic signals, we will also look to Friday's labor market update to show whether November maintained the pace of job growth set in October.

    That's all for this week's report — if there's anything we missed, or any tickers you'd like to see more sentiment analysis for, let us know by replying to this email, commenting below, or sending us a message at team@babbl.dev — we LOVE💜 hearing from you all! Good look to all of you in the markets this week, and thank you for reading! 😄🙏

    submitted by /u/babbldev
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    Morning Update for Monday, 11/29/21

    Posted: 29 Nov 2021 05:44 AM PST

    Good morning everyone. Let's start the week off right.

    This list is geared towards day trading. With the momentum watchlist especially, I am typically in and out very quickly, only occasionally longer than a couple minutes, usually faster scalps. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management for your account. Feel free to message me if you have any questions.

    Main Watchlist:

    Gapping UP:

    • MRNA
    • NVAX
    • MARA
    • LI
    • XPEV
    • BA
    • RCL
    • CCL
    • KRYS

    Gapping DOWN:

    • ZM
    • PDD
    • MRK
    • QGEN
    • WYNN

    Momentum Watchlist:

    • NRXP (+41%)
    • PTPI (+71%)
    • APDN (+28%)
    • ATNF (+14%)
    • CODX (+5%)
    • IINN (+13%)

    Market Outlook:

    Stocks are looking to open higher this morning after we had a choppy session on Black Friday. There is still a lot of uncertainty surrounding the new omicron variant discovered in South Africa, so there could still be more choppiness ahead of us. Multiple countries have already issued travel bans from several African countries, and it's worth following the situation for any other developments, as lockdowns could hurt the market in the near-term.

    SPY is trading a bit under 463, and I'll be watching that level as resistance this morning. DIA is trading a bit over 351. Currently hovering around the SMA(100) at ~351.64, I'll be watching that level, and around ~353 as potential resistance. If we see weakness, I'll be watching 350 as potential support. QQQ is trading just under 395, and I'll be watching that level as resistance/support this morning. Gold and silver are up a bit this morning. Crude oil is up this morning, recovering a bit from the sell-off that we saw on Friday. Bitcoin is currently trading around 57,100, after some choppiness over the weekend. I'll be watching whether or not we can find support above the 57,000 level. Ethereum has been showing strength relative to Bitcoin, worth following over the next week or so. Crypto-related stocks are up in premarket trading. Airlines and cruise stocks were hit hard on Friday, and are looking at a bounce this morning. Still trading below previous support levels, I'll be watching those levels as potential resistance now. Banks were down on Friday, but seem to be recovering nicely. Worth following to see if they are able to get up to the previous levels, or if this is just a bounce with more weakness in store.

    Remember to use proper risk management, by making sure you size appropriately for your account and have a plan for every trade you enter (both for taking profits and cutting losses). Happy trading everyone :)

    submitted by /u/vanturetrading
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    New to Stock Trading

    Posted: 29 Nov 2021 03:00 PM PST

    I am new to Stock Trading, deposited £100 into the app last week. Gained £30 off Lemonade, my friend told me to invest into crude oil so I bought some shares on Thursday or Friday, currently sitting on it at a loss of £30-40 I am just waiting for the share price to increase again as I am hoping and guessing at one point it will definitely increase back up. Anyways I was hoping maybe any friendly people who are more familiar with the trading market more than me, could help me out with any sort of useful key information and tips, any main stocks to invest in, any good trading market tools to look into, any good ways to predict whether a stock is going to be at a loss/profit before buying etc. any help would be greatly appreciated it! :)

    submitted by /u/fahimXII
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    Biggest losers last week and biggest losers over the last month. We buying the dip on any of these tomorrow?

    Posted: 28 Nov 2021 03:04 PM PST

    Can no longer buy certain ADRs - what has changed?

    Posted: 29 Nov 2021 02:50 PM PST

    I have noticed over the past couple months that Vanguard will no longer let me buy certain ADRs. These are ADRs for well-established, profitable, dividend-paying companies (KDDIY, UMICY, RDEIY) the first two of which I already hold. I called Schwab and their answer seemed to be broker-assisted trades possible on a case-by-case basis. The issue seems to be these shares are on the PINK limited-information list.

    So I guess I'm wondering how this comes about, and what it implies for future availability of these shares. Is this an issue with the ADR issuer, behind on reporting? (Seems less likely as time goes on) Or with the company itself? Has there been a rule change? If they find US reporting too burdensome to keep up with, does that suggest the ADRs will soon be discontinued? Is this issue widespread? Is this influencing valuation?

    Any suggestions for a more responsive broker?

    submitted by /u/jonahsrevenge
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    Stock help

    Posted: 29 Nov 2021 02:37 PM PST

    So I am brand new to stocks. I have only invested about $150 in two separate ones. Can anybody give a first timer advice about how to invest smartly - I have a few names of some newer stocks, penny stocks essentially, I won't name them on here but hoping to be like the next doge coin but I have low hopes as doge was a peculiar event. Is it worth investing in a penny stock with rumors that I can make high profit, OR is it smarter to invest in safer stocks.

    All I have for knowledge is Wolf of Wall Street and from friends who do this for a living, so any advice on this would be helpful. I've gotten started but now don't quite know where to go from here.

    submitted by /u/bobagirllover
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    A brief summary of why I think $GENI is massively oversold and a great risk/reward play

    Posted: 29 Nov 2021 02:24 AM PST

    Disclaimer: I am all in on $GENI with 2000 shares at a $10.94 average.

    There's no reason this shouldn't be trading any lower than $15 imo. Was trading at $19 earlier this month and got dragged down with heavy selling in the betting sector and got destroyed -25% post earnings because of an EPS miss, (-0.37 vs -0.12 expected) despite beating revenue and raising guidance. Genius stated the EPS miss was due to "strategic investments and data rights costs". Some recent price targets include $25 by GS, $22 by Needham, $23 by B. Riley, and $27 by Craig-Hallum. And with the RSI being at 15, really liking the risk/reward here.

    submitted by /u/jclines12
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    Questions regarding software/accounts, etc.

    Posted: 29 Nov 2021 01:39 PM PST

    Sooo, I'm not, but I'm, new to Trading. I have done many Real-Paper Trading Simulations with both Crypto and regular Stocks which went really well and now I have decided that I'm ready to enter this "world". There is one more thing, though.

    Which app/website/software do I use? I'm mainly looking to invest in US Markets, but there are chances that a EU one would be nice... I'm based in Greece, if that matters, but I don't have plans to trade any Greek Stocks. Is there any broker (?) that I can trade both Crypto and regular Stocks in? That'd be nice!

    In general, I'm looking for answers based on which services YOU, real traders, use. I don't really want to waste my time reading Advertised articles on the "best trading app", etc. etc. I have seen many ads for the best trading services like eToro (which, not gonna lie, impressed my with it's "feautures" and the "copy another trader's moves" thingy, but I think it has ultra super tax? I'm not sure tho.) and then of course Coinbase, Crypto com, etc. etc.

    Thank you.

    submitted by /u/TheTempAcc2019431
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    What's everyone thinking on lithium then? ���� That's some gain for the year! Looking like it could rally soon... nfa

    Posted: 29 Nov 2021 01:05 PM PST

    (11/29) Monday's Pre-Market Stock Movers & News

    Posted: 29 Nov 2021 05:24 AM PST

    Good Monday morning traders and investors of the r/StockMarket sub! Welcome to the new trading week and a fresh start! Here are your pre-market stock movers & news on this Monday, November 29th, 2021-

    Dow futures rebound by 200 points after Friday's big sell-off as investors reassess omicron risk

    Stock futures pointed to a rebound following Friday's big sell-off, as investors monitor the latest developments related to the Covid omicron variant and assess its potential market impact.

    Futures on the Dow Jones Industrial Average gained 210 points, or 0.6%. S&P 500 futures added 0.8% and Nasdaq 100 futures rose about 0.9%.

    Stocks are coming off a holiday-shortened session Friday in which the Dow posted its worst day since October 2020. The Dow was down 905 points, or 2.5%. The S&P 500 tumbled 2.3% and the Nasdaq Composite slipped 2.2%. The three major indexes were negative for the week.

    The World Health Organization on Friday labeled the omicron strain a "variant of concern." While scientists continue to research the variant, omicron's large number of mutations has raised alarm. Preliminary evidence suggests the strain has an increased risk of reinfection, according to the WHO. The variant was first reported to the WHO from South Africa and has been found in the U.K., Israel, Belgium, the Netherlands, Germany, Italy, Australia and Hong Kong, but not yet in the U.S. Many countries, including the U.S., moved to restrict travel from southern Africa.

    The South African doctor who first raised the alarm over the new variant told the BBC that patients had "extremely mild" symptoms though it was too early to determine how omicron behaves before it is studied closely.

    "While it is too early to have definitive data, early reported data suggest that the Omicron virus causes 'mild to moderate' symptoms (less severity) and is more transmissible," Bill Ackman of Pershing Square Capital Management tweeted Sunday evening. "If this turns out to be true, this is bullish not bearish for markets."

    Stocks that were the hardest hit on Friday were rebounding the most on Monday.

    Travel related stocks were up across the board. Carnival and Norwegian cruise lines were up more than 4% apiece in premarket trading. American, Delta and United airlines were up more than 2% each. Booking Holdings was up 2%. Boeing was up 1.7%.

    "We would be aggressive buyers of this pullback," wrote Fundstrat's Tom Lee in a note to clients Sunday night. "As with the case for Beta and Delta variants, the 'bark' has proven worse than the bite in each of those precedent instances. The market carnage, in our view, will be short-lived and transitory."

    The 10-year Treasury yield rebounded back above 1.5% after a flight to safety Friday sent investors scrambling into bonds and rates lower (Prices move inversely to yields). Bank of America, American Express and other financials gained on the rebound in yields.

    One stock that continued its Friday trend was Moderna. The vaccine maker's stock was up another 10% in premarket trading after jumping 20% on Friday.

    Vaccine makers have announced measures to investigate omicron with testing already underway. While it remains to be seen how omicron responds to current vaccines or whether new formulations are required, Moderna's Chief Medical Officer Paul Burton said Sunday the vaccine maker could roll out a reformulated vaccine against the omicron variant early next year.

    Wall Street's fear gauge — the CBOE volatility index — was retreating again Monday after a 10-point spike on Friday. UBS looked at the last 17 times since 1990 when the VIX surged 10 points in a single day and found markets tended to snap back in the subsequent trading days. The S&P 500 was higher by 2.5%, on average, the next trading day and 1.6% higher, on average, over the next week, UBS found.

    On top of Covid developments, investors are also anticipating key economic data released this week.

    The November jobs report on Friday is expected to show solid jobs growth. Economists surveyed by Dow Jones expect 581,000 jobs added in November. The Institute of Supply Management manufacturing survey is released Wednesday and economists also expect strong results.

    "The pandemic and COVID variants remain one of the biggest risks to markets, and are likely to continue to inject volatility over the next year(s). It's hard to say at this point how lasting or impactful this latest variant will be for markets," Keith Lerner, co-chief investment officer at Truist Advisory Services, said in a note Friday.

    STOCK FUTURES CURRENTLY:

    (CLICK HERE FOR STOCK FUTURES CHARTS!)

    LAST WEEK'S MARKET MAP:

    (CLICK HERE FOR LAST WEEK'S MARKET MAP!)

    TODAY'S MARKET MAP:

    (CLICK HERE FOR TODAY'S MARKET MAP!)

    LAST WEEK'S S&P SECTORS:

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

    TODAY'S S&P SECTORS:

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

    TODAY'S ECONOMIC CALENDAR:

    (CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

    THIS WEEK'S ECONOMIC CALENDAR:

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

    THIS WEEK'S UPCOMING IPO'S:

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

    THIS WEEK'S EARNINGS CALENDAR:

    ($LI $CRM $CRWD $DOCU $SNOW $AI $DG $MRVL $ZS $ASAN $OKTA $ULTA $AMBA $NTAP $SIG $EXPR $HPE $BBW $BQ $BNS $JKS $FRO $MOMO $HIBB $SPLK $SWBI $QH $RY $CHS $BZUN $FIVE $BOX $VERU $YJ $KR $CTRN $TD $VEEV $BIG $GMS $DOOO $CM $EMKR $PVH)

    (CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    ($LI $FRO $YJ $QH)

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

    EARNINGS RELEASES BEFORE THE OPEN TODAY:

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

    EARNINGS RELEASES AFTER THE CLOSE TODAY:

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

    FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

    (CLICK HERE FOR FRIDAY'S ANALYST UPGRADES/DOWNGRADES!)

    FRIDAY'S INSIDER TRADING FILINGS:

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

    TODAY'S DIVIDEND CALENDAR:

    ([CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!]())

    (NONE.)

    THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

    • NRXP
    • ATNF
    • BFRI
    • APDN
    • KRYS
    • LI
    • VXRT
    • BYSI
    • BIRD

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Moderna — Shares of the vaccine maker continued their rally, jumping more than 11% in early morning trading Monday after gaining 20% on Friday. On Sunday the company's chief medical officer said Moderna could roll out a reformulated vaccine against the omicron variant of Covid early next year.

    STOCK SYMBOL: MRNA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Airlines — Major airlines ticked up as investors bought the dip following new travel suspensions in Asia and Europe, in response to the newly discovered omicron variant of Covid-19. United, Delta and American Airlines each gained about 1%, after losing about 7% Friday. Travel booking site Expedia also rose, about 2%.

    STOCK SYMBOL: UAL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    STOCK SYMBOL: DAL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    STOCK SYMBOL: AAL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Cruise lines — Carnival, Royal Caribbean Cruises and Norwegian Cruise Line Holdings each rose more than 3% amid the broader rebound in travel stocks from Friday's omicron-driven sell-off.

    STOCK SYMBOL: CCL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    STOCK SYMBOL: RCL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    STOCK SYMBOL: NCLH

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Allbirds — Shares of the shoe manufacturer rose 2.5% after several analysts initiated coverage of the stock. Morgan Stanley and Bank of America both posted a price target of $23, implying 16% upside to Friday's close.

    STOCK SYMBOL: BIRD

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Coinbase — The cryptocurrency exchange's shares rose more than 2% as the price of bitcoin rebounded, after selling off with the broader equities market on Friday. Other crypto-related equities got a lift too, with Microstrategy rising 3.4%. Tesla and Square added more than 1%.

    STOCK SYMBOL: COIN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Zoom Video — Zoom shares fell almost 2%, moving in the opposite direction of travel stocks and following a 5.7% jump on Friday. Other stay-at-home stocks dipped slightly Monday morning too, including Peloton, Netflix and Teladoc.

    STOCK SYMBOL: ZM

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Merck — The pharmaceutical company's shares fell 1.8% after Citi downgraded its stock to neutral from buy, saying development struggles for the company's HIV drug islatravir will hurt Merck's long-term potential.

    STOCK SYMBOL: MRK

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Wynn Resorts, Las Vegas Sands — The Macao gaming sector is lower after Alvin Chau, the head of Macau's biggest casino junket operator, and 10 others were arrested over allegedly illegal gambling platforms targeting mainland Chinese, according to a report by the South China Morning Post. Wynn fell 1.9% and Las Vegas Sands fell 1.2%

    STOCK SYMBOL: WYNN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    STOCK SYMBOL: LVS

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    FULL DISCLOSURE:

    /u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.

    DISCUSS!

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

    I hope you all have an excellent trading day ahead today on this Monday, November 29th, 2021! :)

    submitted by /u/bigbear0083
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    22 yrs old 4k loss

    Posted: 28 Nov 2021 08:22 PM PST

    I am 22, I have been in CCL since around June when it was around $30. Constant months of negatives made me feel shitty, however after reading several fundamental analysis books I was sure Carnival who had a lot of cash on hand would rebound soon enough. I was wrong. On November 26 my position went so low that I was forced to liquidate my assets, or pay $1,450 which was out of my budget at the time (All my savings are staked in eth 2.0) This forced me to sell and recieve a hefty -4,000 dollar loss. I know what I did wrong was continue on Margin knowing this was extremely risky, instead of investing the extra 1k I got from working full time as a security guard, I burnt it all on necessities and the weed dispensary. That 1k would have saved my ass. Reason I'm writing this is I know a lot of people are suffering great losses, however I am enthusiastic I will make my 4k back plus fold as long as I stick to valuable assets (currently looking into Amp with my leftover 590) Should I reinvest in CCL or cut my losses and look elsewhere?

    submitted by /u/Itchy_Green_4583
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