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    Thursday, November 18, 2021

    Home Unlabelled Stock Market - Trump-Linked SPAC Stock Slides After Sen. Warren Calls For SEC Investigation

    Stock Market - Trump-Linked SPAC Stock Slides After Sen. Warren Calls For SEC Investigation

    November 18, 2021

    Stock Market - Trump-Linked SPAC Stock Slides After Sen. Warren Calls For SEC Investigation

    Trump-Linked SPAC Stock Slides After Sen. Warren Calls For SEC Investigation

    Posted: 18 Nov 2021 07:12 PM PST

    Evergrande default is highly likely, S&P says

    Posted: 18 Nov 2021 05:02 AM PST

    Top 5 companies by insider *selling* activity over the past month

    Posted: 18 Nov 2021 10:43 AM PST

    Top 5 companies by insider *selling* activity over the past month

    Yesterday I published a post on insider buying activity. Today's research will be based on insider trading activity from the opposite perspective - selling activity for the last month.

    It seems to me that this is an important market indicator if the insiders of a particular company sell or buy some stock, this indirectly determines the company's performance and the mood of executives. True, corporate insiders – the senior employees and executives who run the company – are privy to information that we, outsiders, are not. When these insiders sell the stock, it's only natural for outsiders to wonder if something is afoot. However, as opposed to insider buying, insider selling doesn't tell us all that much. The reason? Insiders sell the stock for a number of reasons, the vast majority of which are unsophisticated.

    I've been collecting data from Nasdaq and other financial sources daily for the last few months, and then aggregated it for all public US companies.

    1. Baker Hughes Company ($BKR) - provides a portfolio of technologies and services worldwide. It operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS).

    https://preview.redd.it/i4ju6x8dae081.png?width=1224&format=png&auto=webp&s=2f58e916b0f2865885af645c13fe0bd7014f7ff8

    2. Zoominfo Technologies ($ZI) - the company provides a go-to-market intelligence platform for sales and marketing teams.

    https://preview.redd.it/57g7zlmfae081.png?width=1196&format=png&auto=webp&s=3131e169c2d9d8b40fd7bb794a654b25bc1246ba

    3. Vertiv Holdings Co. ($VRT) - together with its subsidiaries, the company designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

    https://preview.redd.it/x2b925wlae081.png?width=1202&format=png&auto=webp&s=a68b42c76f955fcdcf4e928eb703ac2716c6a127

    4. TaskUs, Inc. ($TASK) - is a provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies.

    https://preview.redd.it/itonsf0oae081.png?width=1181&format=png&auto=webp&s=8f654d6803fe15145fc644a36e3bab4cba5aba7f

    5. Sunnova Energy International Inc. ($NOVA) - Sunnova provides residential solar and energy storage services in the United States. The company offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services.

    https://preview.redd.it/m5i7gurpae081.png?width=1190&format=png&auto=webp&s=cd2f16834ec4b7a026a608ba25e576bfb0857412

    Take a closer look at this company. In December 2020 we see a peak in stock selling activity, and just a couple of weeks later, this was reflected in the stock price - it has been decreasing until the end of spring.

    https://preview.redd.it/19mdj0kdce081.png?width=770&format=png&auto=webp&s=35007395ca7f0a2c175a7200b2ec7fa9afca1c26

    So, what does it mean if you see someone from the insiders are selling? But in the meantime, the others are holding their shares? That is not always a red flag. But if you see a pattern of regular selling without an objective reason, it may be a good time to take note.

    As a result, looking at insider buying and selling activity can be a powerful investment sign that may help you predict future swings in stock prices. But it shouldn't be your only source of information - you can just use it in conjunction with your investment strategy.

    submitted by /u/vilnitskiy
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    Record selling by insiders is setting up stocks for a big fall, says contrarian investor

    Posted: 18 Nov 2021 04:46 AM PST

    Cathie Wood’s Ark Invest Offloads More Zillow Shares Amid Housing Market Warning

    Posted: 18 Nov 2021 01:41 PM PST

    Here is a Market Recap for today Thursday, Nov 18, 2021. Please enjoy!

    Posted: 18 Nov 2021 01:49 PM PST

    PsychoMarket Recap - Thursday, November 18, 2021

    Stocks traded mixed on Thursday, with Nasdaq (QQQ) massively outperforming on the day, driving by strength in mega-caps like Apple (AAPL), NVIDIA (NVDA) and Amazon (AMZN) while the Dow Jones (DIA) fell for the second straight day. Market participants continue to digest the tail-end of a better-than-expected corporate earnings season amid a backdrop of rising inflation.

    Key Numbers For Today

    • S&P 500 (SPY): +0.34%
    • Nasdaq (QQQ): +1.04%
    • Dow Jones (DIA): -0.13%
    • Russell 2000 (IWM): -0.41%
    • Apple (AAPL): +2.9%
    • Amazon (AMZN): +4.14%
    • NVIDIA (NVDA): +8.25%
    • Alibaba (BABA): -11.26%
    • Rivian (RIVN) and Lucid (LCID): -16.4% and -10.47%

    After a monster run-up last month, the choppiness in the market can be attributed to mixed economic reports coming out recently. While US retail sales came in better-than-expected, a great sign that consumer demand is staying robust, the recent report on inflation showed the fastest pace of growth in roughly 30 years.

    Earlier in the week, Walmart (WMT) and Target (TGT), two of the largest retailers in the US, reported earnings. While the report was better than expected, executives from both companies raised concerns over rising prices, rising labor costs, and supply-chain disruptions affecting the bottom line.

    The possible staying power of inflation remains the central focus for market participants, as a potential damper to consumer spending, which accounts for roughly 70% of US GDP and as a catalyst for the Federal Reserve to raise interest rates sooner than originally expected. Despite starting to taper the pace of quantitative easing, the Fed has remained very accommodative and says an interest rate hike could take place sometime near the middle of next year. It would be really bad for markets if the timeline is accelerated.

    Adding another wrench in the plans, President Biden is expected to announce his nominee to be the Chair of the Fed. So far, the two main candidates are incumbent Jerome Powell and current Fed Governor Lael Brainard.

    The Labor Department's Weekly Unemployment Report came in slightly higher than expected but still eked out a new pandemic-era low. Here are the numbers:

    • Initial unemployment claims, week ended November 13: 268,000 vs. 260,000 expected and an upwardly revised 269,000 during prior week
    • Continuing claims, week ended November 5: 2.080 million vs. 2.120 million expected and an upwardly revised 2.209 million during prior week

    Highlights

    • Shares of Alibaba (BABA) fell after the company disappointed in their latest earnings report and slashed guidance for the full year, citing slowing consumption trends in China. Here are the numbers:
      • Revenue $31.15 billion vs $32 billion expected
      • EPS: $1.74 vs $1.93 expected.
      • Guidance Forecast: 20-23% growth in fiscal 2022 revenue, down from 27% growth expected
    • Shares of NVIDIA (NVDA), my personal favorite stock, exploded higher after the company posted record revenues in gaming and data center sales and raised guidance moving forward. CEO Jensen Huang said, "Demand for NVIDIA AI is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies. NVIDIA RTX has reinvented computer graphics with ray tracing and AI, and is the ideal upgrade for the large, growing market of gamers and creators, as well as designers and professionals building home workstations." Here are the numbers:
      • Revenue: $7.1 billion versus $6.81 billion expected.
      • Earnings per share: $1.17 versus $1.11 expected.
      • Gaming revenue: $3.22 billion versus $3.18 billion expected.
      • Data Center revenue: $2.94 billion versus $2.69 billion expected.
      • Forecast for Q4: Revenue and EPS expected to grow 50% year-over-year, much higher than 38% growth expected
    • A bipartisan coalition of State Attorney Generals said it was launching an investigation into Instagram's effects on children and Facebook's role in promoting the service to young kids.
    • According to a report by Bloomberg, citing people familiar with the matter, Apple (AAPL) is working to speed up development of its electric car and is refocusing the project around full self-driving capabilities. According to the report, the company is pushing for a debut as early as 2025. https://www.bloomberg.com/news/articles/2021-11-18/apple-accelerates-work-on-car-aims-for-fully-autonomous-vehicle
    • Amid the global shortage of semiconductors, Ford Motors (F) announced it was entering into a strategic agreement with US based chipmaker GlobalFoundries (GFS) to develop its own chips. General Motors (GM) as also stated their intention to deepen ties with chipmakers to eventually co-develop their own chips as well.
    • Starbucks (SBUX) partnered with Amazon Go to use their technology to develop their first cashier-less location
    • Tesla (TSLA) recalls 7,600 vehicles in the US for potential problems with the airbags.
    • **Please note that current stock price was written premarket and may not reflect closing prices*\*
    • Bed & Bath Works (BBWI) with a host of target raises. Average price target $86 at Buy. Stock currently around $78
    • Baidu (BIDU) target raised by Citigroup from $254 to $258 at Buy. Stock currently around $155
    • Enphase Energy (ENPH) with two target raises. Stock currently around $256.
      • Citigroup from $231 to $315 at Buy
      • BMO Capital Markets from $220 to $284 at Outperform
    • IQVIA (IQV) target raised by Mizuho from $282 to $290 at Buy. Stock currently around $265
    • Lowe's (LOW) with a host of target raises following blowout earnings. Average price target $280 at Buy. Stock currently around $248
    • NVIDIA (NVDA) with a host of target (literally got 13 upgrades) raises after demolishing earnings. Average price target $375 at Buy. Stock currently around $316
    • Target (TGT) with two target raises. Stock currently around $252
      • Raymond James from $285 to $290 at Strong-Buy
      • Bank of America from $317 to $329 at Buy
    • Workday (WDAY) target raised by BMO Capital Markets from $295 to $355 at Outperform. Stock currently around $283

    "Whether you think you can or you think you can't, you're right." -Henry Ford

    submitted by /u/psychotrader00
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    Market open - Thursday, November 18th, 2021

    Posted: 18 Nov 2021 06:32 AM PST

    Big Tech trending upward as Financial sector continues to go down

    Posted: 18 Nov 2021 01:24 PM PST

    Who’s Bullish on PROG ? Lemme tell you why I am ����

    Posted: 18 Nov 2021 10:45 PM PST

    Prog has had a great run the last few weeks. Why ?
    FOMO. that's pretty much it. But with the catalysts all coming into play at the current moment it's hard to not be bullish & hop onboard.

    Conference meetings yesterday, tomorrow & Monday hopefully bring hints of (rumored ) partnership with Pfiezer as well as attracts new investors on the breakthroughs being made with medicine.
    A lil bit of personal DD time you'd see this company is undervalued & wont stay that way for long.

    On top of awaiting PR drops, this weeks run up has the CALLS under 5$ for the week in the money.
    If the share price can HODL over 5$ at close this thing will be insane AH & Pre hrs Monday morning

    Who's in Prog ?? 🚀. Not advice. But the stars are all aligning. GOod Luck guys 👌

    submitted by /u/CNutz649
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    Nike is building its metaverse inside of 'Roblox' | Engadget

    Posted: 18 Nov 2021 12:35 PM PST

    Robinhood, Citadel Win Dismissal of Meme-Stock Lawsuit

    Posted: 18 Nov 2021 08:56 AM PST

    Warren Buffett on importance of reading annual reports

    Posted: 18 Nov 2021 05:48 PM PST

    What is your point of view on the concept of "profit taking"?

    Posted: 18 Nov 2021 09:27 PM PST

    "Profit taking" basically means selling your assets hoping that you can buy them in the future for a lower price, thus overperforming the simple buy and hold strategy. Doing this basically implies short term prediction of the stock market, and as a long term investor this does not seem particularly sensible to me, but I have to admit that sometimes it just seems the best thing to do instinctively. So my questions are:

    1)is there any kind of study that backtested a profit taking strategy Vs simple buy and hold?

    2)Do you do this? If so, do you have some kind of systematic approach?

    Thank you for your answers

    submitted by /u/Victorgab
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    Stocks rise led by tech shares as Nvidia soars

    Posted: 18 Nov 2021 04:48 AM PST

    Psychedelic Stocks in Focus | Business Update: James Lanthier, CEO of Mi...

    Posted: 18 Nov 2021 10:40 AM PST

    Why is the P/C Ratio for OPAD over 6,000? Can you explain how that works?

    Posted: 18 Nov 2021 08:59 PM PST

    Time to buy equities?

    Posted: 18 Nov 2021 08:20 PM PST

    Looking for canada-compatible investing software

    Posted: 18 Nov 2021 01:48 PM PST

    Hello! :D im currently looking for some investing software(s) that works in canada,
    i looked around already and noticed that like 90% of softwares ONLY work in us and i dont quite trust the posts online that are actually either just shameless self advertising or look more like scams than anything else
    so can i get some insider info on what would be the best pick? ideally, one with low transaction and / or trading fees and that doesnt just randomly blocks stocks when theres money to be made like RH does. :D
    thanks in advance and have an amazing day, kind stranger!

    submitted by /u/Darklight_999
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    Nvidia is up today - some quotes from the 3Q21 earnings call

    Posted: 18 Nov 2021 06:02 AM PST

    Three quotes that I though were key from the call yesterday:

    ​

    1. "Software opens new growth opportunities for us; the chips are the enablers, but it's the software that opens new growth opportunities. NVIDIA has 150 SDKs now addressing many of the world's largest end markets.
    2. Nvidia expects "Data Center to grow faster than Gaming probably both in terms of percentage-wise and absolute dollars".
    3. Every single server will be GPU accelerated some that today of all the clouds and all the enterprise, less than 10%. That kind of gives you a sense of where you are.

    People still view Nvidia as a hardware play but the growth will really come from software. Software incudes Omniverse (Nvidia's version of the metaverse in ProViz segment) and Enterprise AI, targeting vertical industries within the Data Center segment. I think that software can add $7-10bn in revenues over the next 5-10 years with still high growth going forward. Which would be like creating a mini Nvidia.

    People have just started talking about software over the past month which is why the stock is on a tear, but I think we are in early innings.

    submitted by /u/IvanaSPEAR
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    Here's Your Daily Market Brief For November 18th

    Posted: 18 Nov 2021 06:05 AM PST

    📰 Top News

    S&P Futures: +0.25%; DOW Futures: +0.06%; Nasdaq Futures: +0.55%

    US stock futures traded higher Thursday as another 268,000 individuals filed new unemployment claims last week, coming in slightly higher than expected but still eeking out a new pandemic-era low. Note: The number of newly out-of-work individuals is coming closer to pre-COVID levels.

    US hunting for oil -The Biden administration asked some of the world's largest oil-consuming nations - including China, India, and Japan - to consider releasing crude oil stockpiles, in a coordinated effort, to lower global energy prices. Note: The US government is considering tapping the U.S. Strategic Petroleum Reserve - an emergency oil stash - to cool oil prices in conjunction with other big consumers such as China and Japan.

    EU lawmakers tackle Big Tech - European Union lawmakers are moving forward with a plan to target Big Tech companies' anti-competitive practices after an agreement was reached by the European Parliament's main parties. Note: The new rules will apply to companies with a market cap of at least 80 billion euros (~$90.7 billion) and offering at least one internet service.

    Crypto goes mainstream with stadium naming rights - LA's iconic multi-purpose arena, Staples Center, will be renamed to Crypto.com Arena, following one of the biggest naming rights deals in sports history at $700 million. Note: The Staples Center is the official home of the LA Lakers, Clippers, Kings, and Sparks, and the naming rights have been sold by the arena's owner AEG to the Singaporean crypto firm for 20 years.

    🎯 Price Target Updates

    Morgan Stanley upgrades Oatly. OTLY upgraded from EQUAL WEIGHT to OVERWEIGHT - $14 (from $20)

    JP Morgan downgrades Activision Blizzard. ATVI downgraded from OVERWEIGHT to NEUTRAL - $88 (from $100)

    JP Morgan upgrades GoPro. GPRO upgraded - $15 (from $13)

    📻 In Other News

    Apple says fix it yourself - Apple plans to give customers the ability to repair their own devices amid growing pressure from regulators and consumers for manufacturers to ease restrictions on fixing products. Note: The program, known as "Self Service Repair," will begin next year and will let users fix broken devices using repair manuals that Apple will post on its website.

    Amazon calls it quits with Visa - Amazon is considering dropping Visa as a partner on its US co-branded credit card after earlier confirming it would stop accepting Visa credit cards in the UK as disputes over payments intensified. Note: In an email to customers, Amazon said the change was due to the "high fees Visa charges" to process credit card transactions.

    EVs get the spotlight at LA Auto Show - Battery-powered vehicles will be the main focus at the LA Auto Show, after a year's hiatus due to Covid-19. Note: LA's Auto Show promoters say they will have more test-drive opportunities than at past shows, including an indoor electric vehicle test track as well as outdoor test drives.

    📅 This Week's Key Economic Calendar

    No other key economic events this week.

    📔 Snippet of the Day

    Quote of the day: "Courage taught me that no matter how bad a crisis gets...any sound investment will eventually pay off" -Carlos Slim Helu.

    submitted by /u/hivincentc
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    I have a bunch of bonds upwards to 25k, I have no clue what to do.

    Posted: 18 Nov 2021 03:59 PM PST

    First off, if this isn't the correct sub please just let me know and I'll remove it, but I figured with all of you smart individuals, one of you would have an educated answer.

    So since I was a kid, my family has been buying me bonds and since I'm home visiting my family, my mom told me about them.

    I literally know nothing about bonds, I'm not strapped for money, so cashing them in is always great to have extra money but like I've said I'm not hurting.

    Not sure if they get taxed or what, I really just need an ELI5.

    Thank you in advance you fine people!!

    submitted by /u/sorrybadgas
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