• Breaking News

    Saturday, November 6, 2021

    Stocks - 67% of Americans believe lawmakers should not own stocks

    Stocks - 67% of Americans believe lawmakers should not own stocks


    67% of Americans believe lawmakers should not own stocks

    Posted: 06 Nov 2021 12:52 PM PDT

    There are good reason for that "44 members of Congress have violated a law designed to stop insider trading and prevent conflicts-of-interest"

    Insider and several other news organizations have this year identified 44 members of Congress who've failed to properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.

    The penalty was usually small — $200 is the standard amount — or waived by House or Senate ethics officials.

    What's your view?

    submitted by /u/Delicious_Reporter21
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    If you only now asking what to buy after Bill passed, do yourself a favor and just buy VTI

    Posted: 06 Nov 2021 06:11 AM PDT

    If you really trying to actively manage your portfolio, you need to try to predict future not react to what already happened . Your plays on IB / social bill should have been planned when election results were tilting toward Biden victory and after GA senate results or when first rumors about bills appeared in the media because every intern in large investment firm was doing pdf presentation with what to buy all night when it's happened Sure , you might see a bump here and there but don't be surprised if a lot of IB stocks will see a sell off due to people knowing final bill details and what companies get what slice and how earning will be affected

    We just had best October in 6 years in anticipation of bills been passed

    submitted by /u/Banabak
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    This week will be massive!

    Posted: 06 Nov 2021 07:17 AM PDT

    This week will be massive with the infrastructure bill being passed and some of reddit's favorite companies with earnings, it could be absolute chaos. Here are some companies with earnings this week

    • Disney

    • Palantir

    • Corsair

    • Paypal

    • Coinbase

    • SoFi

    • Roblox

    • Virginia Galactic

    • The Trade desk

    • A Chinese car company who's name I cannot mention

    What do you guys think about this upcoming week?

    submitted by /u/gorays21
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    Roku on a discount. It’s not a covid stock. I am long term bullish an here is why

    Posted: 06 Nov 2021 04:03 AM PDT

    This is a quick overview of $ROKU and will cover why I am bullish on the stock and why I think it has the potential to be a 5X multi-bagger (or even beyond that) over the next 3-5 years (even at a current market cap of 60b$). ...(continued in this thread)

    Roku themselves isn't a big threat to Netflix $NFLX or Disney, $DIS at least for now. Roku does produce some small series, but they don't compete directly with other streaming services. In fact, they compete with a totally different group of companies.

    They compete with other operating systems for TVs like AppleTV, ChromeOS, FireTV. ROKU is a unique Platform/OS just focused on TVs. Own the platform, and you control everything.

    Think of them as an advertising platform like Facebook or YouTube but with the power of AppleOS and the App Store.

    Think about where most ad revenue is placed. Normally Facebook & Google capture most of the Revenue. However, things got more difficult since advertisers must deal with the new Apple privacy regulations when the ad is placed within the Apple ecosystem.

    Here Roku presents its unique possibility for massive adoption among advertisers. Roku offers a unique OS for TVs enabling Roku to sell targeted, personalized ads to advertisers.

    Primarily Roku makes money on their displayed ads, which are shown on their 20,000 Roku Channels. Developers can create channels on Roku for free, making it easy to grow to the number of channels available. Once a channel gets enough traction, it will be monetized.

    Secondly, Roku knows their customers and enables a more unique possibility for advertisers to show personalized targeted ads, compared to traditional TV where the customer is mostly unknown.

    Thirdly, Roku gets a cut on every subscription placed over the RokuOS. Just like Apple gets a cut from every app you pay for… Own the platform, and you control everything.

    Roku recently acquired Quibi for a fraction of a price. Roku paid less than $100 million for global rights to 75-plus Quibi shows. It's a super successful acquisition for Roku, having a wide library and a unique selling point. You can watch those shows for free by the way.

    How fast is Roku growing? The annual percent growth rate of Roku users grew from Q1 2017 to Q1 2021 is at an impressive rate of 92.48% per year. (Source Statista )

    The Worldwide, demand for free TV content is massive. $ROKU is aggressively expanding internationally and is being integrated into more TV's globally as we speak. Roku captures a unique opportunity for the global go-to Operating System on TVs.

    As the No. 1 TV streaming platform in the U.S. (based on hours streamed) I am excited about the road ahead. I feel $ROKU has a bright future ahead, given the enormous opportunity it unfolds as the go-to OS for TVs.

    This is not financial advice, please do your own due diligence. Feel free to repost so WAGMI!

    submitted by /u/Dioblos
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    How far are you from your ATH?

    Posted: 06 Nov 2021 10:24 AM PDT

    I hit my ATH in mid February of this year, and it has been a grind to get close to my ATH. I have a good amount of small and mid cap companies (around 60% now, used to be closer to 90%) in my portfolio, but have been adding VTI regularly. As of today, I'm about 1% away from my ATH. Curious to see how everyone's portfolio doing nowadays. Is it at ATH now? If not, how far away from it? Also, when did you hit your ATH?

    submitted by /u/EricTheAce
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    1T infrastructure bill finally passed, what to buy now???

    Posted: 06 Nov 2021 12:17 AM PDT

    After so much hussle, the bill has been passed

    https://www.theguardian.com/us-news/2021/nov/05/biden-spending-bill-vote-build-back-better-package-latest

    As drafted, the package would spend $1.85tn over 10 years to dramatically expand the nation's social safety net, providing Americans assistance with the rising costs of healthcare, child care and at-home elderly care. Medicare would be expanded to cover hearing aids while another provision would lower the cost of prescription drugs. At the heart of the sprawling legislation are plans to hasten the transition away from fossil fuels and limit planet-warming carbon emissions by incentivising electric vehicles, solar panels and wind turbines – all of which amounts to the largest US investment in clean energy.

    To satisfy a range of policy demands, House Democrats added key initiatives that may ultimately be stripped out by the Senate, including a paid family leave program and work permits for immigrants. The White House has argued that the plan would be fully paid for by raising taxes on the wealthiest Americans and large corporations.

    A quick googling resulted in this page:

    https://www.kiplinger.com/investing/stocks/stocks-to-buy/602447/best-infrastructure-stocks-americas-big-building-spend

    where the 13 listed companies/stocks are:

    Vulcan

    MLM

    Nucor

    Caterpillar

    Deere

    United Rentals

    Chargepoint

    Oshkosh

    FCX

    BIPC

    CCI

    Eaton

    PAVE

    What do you guys think?

    PS: I had Nucor, Oshkosh and FCX sometime ago but not anymore. clean energy seems to be one of the main beneficiaries. My biggest holding is IQQH (equivalent of ICLN in Europe), which I am almost breaking even at the moment... so maybe that will pop up

    submitted by /u/futureIsYes
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    Fidelity margin interest 8.325%?

    Posted: 06 Nov 2021 04:47 AM PDT

    I recently started trading on margin to learn the rules and risks. All decently safe plays. Fidelity margin for a debit balance of 0-25k is 8.325% which seems crazy high. I've seen posts about negotiating but it seems that is for people that are borrowing A LOT more money on margin. I don't necessarily want to switch brokers but has anyone been successful negotiating with fidelity?

    Before we get started, I know the risks of margin. I'm simply looking for a lower rate. Another option worth mentioning is a HELOC for 50k at 5%.

    submitted by /u/LowLeak
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    Infrastructure bill passed by House, EVGO CHPT a good buy?

    Posted: 06 Nov 2021 08:11 AM PDT

    Given that the Infrastructure Bill, which has passed the house and will be signed into law in a week or two, includes 7.5B in EV charging infrastructure, are stocks in this industry a good buy right now? Thinking EVGO and CHPT just because these are the two networks I've used for my own electric car.

    submitted by /u/DrivingForce86
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    For the first time in 2 decades, GOOG has a higher P/E ration than AAPL, and MSFT is Americas most valuable brand over AAPL

    Posted: 05 Nov 2021 05:11 PM PDT

    Speaks to the significance of the supply chain problem, those issues being much worse in China, and on top of it they're looking at a financial collapse of the real estate market, which is about 6x larger than the US's in 2008, and like 10x as a proportion to their economy.

    wow

    submitted by /u/WallabyUpstairs1496
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    “Found” Avis CAR shares

    Posted: 06 Nov 2021 07:01 AM PDT

    My late mother Inlaw gifted us a handful of stock years ago which included 29 shares of CAR (or the company that split CAR off). I don't really track travel stocks and this stock has had quite a run. This kind of feels like found money, so I'm wondering if I sell and buy something more diversified like SCHD or SPY. Thoughts?

    submitted by /u/vmnky888
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    Lower Risk Strategies

    Posted: 06 Nov 2021 10:25 AM PDT

    First time posting here. I'm curious, as I have only been in the market since Feb. 2020, why don't we hear more about lower risk option strategies in here like butterfly spreads? For example, a simple OTM butterfly going into earnings can have a 500-700% upside, with the entry cost and risk of your choice. For example, I can risk $2500 with an upside of 17k with an OTM butterfly on PLTR. That's a decent return on something I am bullish on. Any feedback? Am I missing something?

    submitted by /u/Benthescott
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    Vertex Pharmaceuticals.

    Posted: 06 Nov 2021 11:20 AM PDT

    Vertex Pharmaceuticals is a biotech with 4 drugs right now and is profitble. the market cap 50 billion and share price is 192 dollar

    The company operates in 1 market right now where they sell a couple drugs (Cystic fibrosis). Right now they own a monopoly in the market no near term competitors and even the longer term developments of competitors arent as good as drugs which are already on the market. vertex is still innovating in this market with rna and crispr in the pipeline for CF. the small molucule projects are still best in line.

    their pipeline holds a lot of potential in other diseases as well. CTX001 is closest to an approval. this drug has multi billion dollar potential. the drug has been bought from crispr and vertex holds an 60% stake. its made for sickel cell and beta thalassemia.

    Their diabetis drug show a lot of potential aswell but is far away from a approval. the company has a few other projects aswell with mutli billion dollar potential. the company has a lot of collaberations with pre ind developments.

    Vertex is highly profitble and has a low pe. in q3 the company generated 1,98 billion in revenue which is their highest yet and also a 3,5 eps or 14 times pe over the year. vertex has a long streak of higher Q on Q revenues. their balance sheet is incredible with no net debt and 7 billion dollars of cash and High FCF. the industry average has a 20x+ PE which shows that vertex is undervalued over 30%. vertex doesnt pay a dividend.

    the company is low risk beacuse of the lack of competitors and Q on Q growth is almost a given. the company has been kinda under the radar. They use to get al lot of attention (jim cramer talked about at 270 dollars) but beacuse of 2 drugs for the same disease failed share price has crashed.

    the is a great way to profit of the biotech industry beacuse the company invest a lot in their pipeline and qualty projects and with companys that arent on the stock market.

    insiders have been buying as well as a big share buy back has been annouced a while back.

    i think its a great add to a portfolio if u are investing for the long term in value stocks.

    submitted by /u/CommercialHunt9068
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    AMD and Accelerated Data Center event

    Posted: 06 Nov 2021 09:09 AM PDT

    Hey all! I'm looking into AMD and they are showcasing new server and accelerator cards on Monday. I'm looking into previous event show-casings they've had due to the fact that share price rose 2% or higher after 4 of the 5 events they have done this event. 50 EMA & 200 EMA are very far in between since a crossover in June. Looking for financials and other things to look into the only issue is; what key information do I look for when checking them out?

    submitted by /u/jinngensv2
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    What are your favorite stocks for 1-year, 5-years and retirement?

    Posted: 05 Nov 2021 06:28 PM PDT

    Hey, I'm looking for new ideas to potentially add to my portfolio and was wondering what your favorite stocks are for different timespans. These are mine, what are yours?

    • Hold until retirement: MSFT
    • Hold 5-10 years: ABNB / TGT / TTWO
    • Hold 6 months to 1 year: NCLH
    submitted by /u/UisVuit
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    SOXX's 2 Largest Holdings - INTC and AVGO

    Posted: 06 Nov 2021 03:39 AM PDT

    SOXX - the semiconductor's ETF holds 16.5% of its assets in 2 non-performing companies - Broadcom and Intel. Something I am missing that fund experts at Blackrock are seeing with these two companies?

    This group has always been bullish on AMD and NVDA, so just wondering why the disconnect between us retail investors and the funds?

    Edit: I read the Oct 1 holdings instead of Nov 1, but still wondering how they still hold so much INTC and AVGO

    submitted by /u/trickintown
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    Roku - is it finally time to buy?

    Posted: 06 Nov 2021 08:14 AM PDT

    ROKU has been going south since the Q3 ER. Now it's at 280s and I think the price is pretty attractive. I am debating to see if it already hit the bottom or continues to fall further. What y'all think how it's gonna go? Do you believe it will drop further or is it finally time to get in before it shoots right back up to where it was. What's interesting to me is that a lot of analysts lowered the stock rating and yet they believe it will bounce back in the long term.

    submitted by /u/NY10
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    Chart-traders weekend update for swing traders (totally TA based)

    Posted: 06 Nov 2021 09:30 AM PDT

    Welcome to the weekend update!

    Another great week (as expected)! We leveraged up at the bottom and have been unloading into the predicted rally. Portfolios are still strongly biased towards a continued upmove but the current leverage was reduced to 1.5/1.6. Meaning a 10% move should make us 15-16% overall (it goes both ways). That's why taking profits is king. Those were the profits taken this week.

    DD +15% (3 trading days)

    QCOM +21.2% (18 trading days)

    EXPE +8.3% (5 trading days)

    GE +9.4% (34 trading days)

    SBUX +4.7% (19 trading days)

    Leveraged ETFs:

    30% of URTY +33% (now I only own 30% of the initial position)

    But let's cut to the chase: Portfolios are up 49 and 40% year to date while the best performing US Index is up 27% (NDX100). An international benchmark mix (60% US) is only up 17.8% because Brazil and Asia were tanking again.

    As always there is no way to post charts on reddit/stocks so I will explain what I see!

    NDX100: It all started with the extremely low MACD readings late September and October. I had posted that it was a buying opportunity. Obviously laughed at by redditors but I like being attacked and laughed at because that means chances are I am right. Around that time investor sentiment was net negative 4 weeks in a row. Just 1 year after a recession that is a buying opportunity! Anyhow. NDX100 made 14% since the low and broke above the highs from early September. Because many were left behind we went up in a straight line! As long as we can stay above the breakout area of 15700 we will continue to go higher. Expect a test of the area around 15700 but the minimum target should be 17000. If we make it in a straight line or not depends on how much FOMO all the bears from September have. I am a swing trader so I already took a profit of 15% on TQQQ. The main reason was to deleverage on the way up.

    Disclaimer: I own QQQ, FB, Amazon longterm.

    Outlook short-/medium term: Bullish above 15700

    DJI: Same is true for DJI as for NDX100. Watch the 35500 level. I also realized already a 13.8% profit on UDOW. Minimum target 37250.

    Outlook short-/medium term: Bullish above 35500

    S&P500: Watch 4550 level. Also broke above and confirmed bullish bias. Minimum target 4800.

    Outlook short-/medium term: Bullish above 4550

    Russell 2000: Russell 2000 is my favorite US Index right now and the only index I still own leveraged ETFs on. It had a rough 2021 trading in a trading range for at least 8 months but it finally woke up and it could run at least 10% from here still. This week alone it made 6%. I predicted the Russell to outperform NDX, S&P, DJI until end of year and I still think more money can be made with small caps. For deleveraging purpose I had sold another 30% of URTY. Gain was 33%. Minimum target 2580 but will likely go much higher.

    Disclaimer: I own IWM and URTY plus many individual small cap stocks that were sold off brutally into October.

    Outlook short-/medium term: Bullish above 2360 area.

    Specialty Indices:

    Today I mention one specialty Index that I think has potential

    XBI (Biotech): Biotech had a rough time for months now but came back big time breaking a months long downtrend. It hit the 200 day average and is in the middle of retesting that broken downtrendline. XBI could be a buy from here.

    Disclaimer: I own LABU (leveraged ETF on XBI). Up 14% as of today.

    If you are only interested in US investments stop here!

    International plays.

    FEZ: Eurostoxx had a great comeback like the US Indices and also made new highs after months of sideways action. Minimum target is the 51.5 are or FEZ

    Disclaimer: I own FEZ and DB

    China (FXI): China is in the middle of a medium-/longterm bottoming phase. It retraced the recent upmove by a little bit more than 61.8%. It could turn any time here. If we really break down to the 37.5 level again it is definitely a buying opportunity.

    Disclaimer: I am currently overweight the regular 10% allocation to Asia

    Outlook short-/medium term: Bullish although choppy because we are in the middle of a bottoming phase (only index I think is in a longterm bottoming phase)

    Speculative:

    Brazil: I had mentioned last week that Brazil was in dire straights!

    Here is the article again: https://finance.yahoo.com/news/markets-reeling-brazil-deficit-fears-005715131.html

    I speculated that like with the Evergrande disaster it might be worth looking at trading opportunities here.

    Brazil was sold off with high volume 10-21 and a hammer formed with higher volume 10-22. We were in the middle of retracing the 10% upmove last week. Dropped below the 61.8% retracement but made a double bottom at 29. Friday's candle needs to be be confirmed but I think it has potential. I bought more call options around the $29 area.

    Extremely dangerous situation.

    Disclaimer: 7-9% of my portfolios are call options on EWZ

    Outlook: Possible bottoming phase. Highly speculative.

    Overall positioning:

    Time in the market is key and therefore I am almost always 100% invested. This way you get the skeptics out of the way and really don't miss out on opportunities.

    However timing the market CAN absolutely be done. One can beat the benchmark without ever being out of the market with margin loans, leveraged ETFs and options trading by finding bottoms. My specialty is finding bottoms. The maximum leverage at the lows early October was 3. Now portfolios are at 1.5/1.6 and the goal is to unleverage on the way up to a goal of 1 again when we are closer to a neutral/bearish signal.

    There is a good possibility that a huge rally internationally just started but because one never knows for sure we will continue to unload our positions because we are still overleveraged due to the fact that we anticipated the bottom about 1 month ago and loaded up on stocks then.

    Happy to discuss as usual. Just post in comment section.

    Happy Trades and have a great weekend and trading week! Go out there and make money with the tip of your finger!

    See you next week. Chart-trader

    submitted by /u/Chart-trader
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    What are your infrastructure stock picks?

    Posted: 06 Nov 2021 09:26 AM PDT

    With the House having voted for the pass of the infrastructure bill, all were waiting for is the president to sign it. Infrastructure stocks will have a huge spike, and I'm ready for some gains!

    Personally bullish on CLF and X. What are your winners?

    submitted by /u/PretendSaint
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    Looking for Infrastructure related picks but need to be produced in the US

    Posted: 05 Nov 2021 09:45 PM PDT

    Hi all, long time lurker, first time poster. Long story short I'm looking for a few new picks that meet a specific set of requirements.

    I'm looking for companies that produce construction materials but they have to be produced in the US. The materials I'm interested in are things like metals (iron, steel, copper, aluminum, etc, also including coating metals), wood (grown and processed in the US), drywall, and plastics (pvc pipe, PE pipe, reinforced composite lumber, etc)

    I'm alreadying thinking of the big names for metals like X, NUC, FCX, MT, CLF, and VMC (and would be open to others). But I'm at a loss for lumber and plastics. The US imports most of its lumber from Canada and plastics seem to come from overseas. Also, drywall? I can't find anything that's a public company

    submitted by /u/jojojawn
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    Stocks / industries to watch for 2022

    Posted: 05 Nov 2021 08:56 PM PDT

    2021 has been a wild ride altogether.

    With 2021 coming to an end soon (being November already), what are some stocks / industries to look into for 2022?

    I do keep up with general news, but I don't always have time for in depth research.

    submitted by /u/Electricalhulu80817
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    Wall Street Week Ahead for the trading week beginning November 8th, 2021

    Posted: 05 Nov 2021 06:48 PM PDT

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

    Here is everything you need to know to get you ready for the trading week beginning November 8th, 2021.

    Stocks could soar to new heights in week ahead — even though inflation data may come in hot - (Source)


    Stocks could take aim at new highs in the week ahead, even as investors face fresh data that could show the highest year-over-year jump in consumer inflation in more than 30 years.


    Stocks touched record levels Friday, after a monumental week that included the Federal Reserve's announcement that it will wind down its bond buying, the first big step away from the easing measures it put in place to fight the pandemic.


    The S&P 500 gained 2% for the week, endig at a record 4,697. The Dow, also at a new high, rose 1.4% to 36,327, and the Nasdaq jumped 3% to a record 15,971.


    "The important drivers of the market, I think, remain intact — earnings and interest rates," said Leo Grohowski, chief investment officer at BNY Mellon Wealth Management. "I think the Fed gave the equity market what it was looking for... which was an awareness of inflation without an overreaction to inflation. Meanwhile we're still digesting what's been a really strong earnings season."


    The Fed expects to fully wind down its $120 billion-per-month bond purchases by the middle of next year. At that point some economists expect the central bank to start raising interest rates. Fed Chairman Jerome Powell assured markets the central bank still sees inflation as temporary, but that if it proves to be hotter, the Fed would act.


    "I think investors are sounding the all-clear for the equities market here, at least in the short-term, and it's hard to argue with. We have more concerns when you take a six-month view," said David Donabedian, chief investment officer of CIBC Private Wealth Management.


    "The biggest concern is inflation which we don't think is transitory," he added. "I would look for a rate hike almost immediately after the tapering process is done which is mid-2022."


    The stickiness of higher prices

    Donabedian said the concern is that sticky inflation could force the Fed to move sooner to raise interest rates to battle rising prices.


    The producer price index and consumer price index are reported Tuesday and Wednesday, respectively. Economists expect both reports to remain elevated for October. Headline PPI is expected to rise 0.6%, according to Dow Jones.


    CPI is expected to be the hottest post-pandemic print yet. Headline CPI inflation is expected to rise by 0.6% or 5.9% year-over-year, the fastest pace since December 1990. Core inflation, excluding energy and food, is expected to rise 4.3% year-over-year.


    "The acceleration in shelter costs is stunning so if you get that, along with energy price increases, we could see a 5.7% [headline gain]," said Diane Swonk, chief economist at Grant Thornton.


    Steve Sosnick, chief strategist at Interactive Brokers, said markets are already expecting the elevated inflation prints.


    "Markets right now have a certain amount of tunnel vision. Easy money will continue for awhile and even though the Fed has told us they're not refilling the punch bowl, the party is going to go on for quite some time," he said. "Right now the path of least resistance is higher."


    Fed officials not on same page

    Central bank speakers will also be a highlight in the week ahead, with Fed Chairman Jerome Powell appearing at two events. On Monday, he is at a Fed conference on gender and the economy. He speaks Tuesday at a virtual conference on diversity and inclusion in economics, finance and central banking, co-hosted by the Federal Reserve Board, Bank of Canada, Bank of England and European Central Bank.


    There are plenty of other Fed officials speaking as well, including Fed Vice Chairman Richard Clarida, New York Fed President John Williams and San Francisco Fed President Mary Daly.


    CIBC's Donabedian said the group of speakers could be important, and it will be key to listen for nuances to their views on rising prices. "You do get some different twists on inflation. While it's not going to look like an FOMC feud at all, it will look like members are not on the same page on inflation," he said.


    Investors will also be watching Congress for any progress on the Biden spending plan, which is meeting opposition in the Senate.


    "It looks like we're going to get some sort of vote in the House on the two big fiscal packages," said Donabedian. He said he expects the House to pass both, and the infrastructure bill should be signed into law.


    "It does leave open whether the Senate is going to want to make major change to the social spending bill, and there's a chance that that flops," he said, noting it has less than a 50% chance of failing.


    The earnings season is winding down but there are still a number of reports in the coming week, including The Walt Disney Company on Wednesday.


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

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

    S&P Sectors for this past week:

    (CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)

    Major Indices for this past week:

    (CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

    Major Futures Markets as of Friday's close:

    (CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

    Economic Calendar for the Week Ahead:

    (CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

    Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    S&P Sectors for the Past Week:

    (CLICK HERE FOR THE CHART!)

    Major Indices Pullback/Correction Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    Major Indices Rally Levels as of Friday's close:

    (CLICK HERE FOR THE CHART!)

    Most Anticipated Earnings Releases for this week:

    (CLICK HERE FOR THE CHART!)

    Here are the upcoming IPO's for this week:

    (CLICK HERE FOR THE CHART!)

    Friday's Stock Analyst Upgrades & Downgrades:

    (CLICK HERE FOR THE CHART LINK #1!)
    (CLICK HERE FOR THE CHART LINK #2!)
    (CLICK HERE FOR THE CHART LINK #3!)

    Best and Worst Performers Since the COVID Crash Low

    The major indices have consistently been hitting new record highs over the past few days with the S&P 500 having now more than doubled off the COVID Crash low on March 23, 2020. As for individual stocks, there are currently only nine S&P 500 stocks that are below their levels from March 23, 2020, and expanding the universe to the S&P 1500 which includes small and mid-caps, there are currently 41 stocks that are below their levels from that date. Obviously, March 23, 2020 may not coincide with a particular high or low point on these individual stocks' charts, but declines since then would be quite painful to handle given that the broad market has more than doubled over the same time frame.

    As shown below, eHealth (EHTH) currently is the biggest decliner versus March 23, 2020 levels having fallen over 60% with a large share of that decline occurring this year. The only other stock that has been more than cut in half since the bear market low is Tabula Rasa HealthCare (STRA). TRHC has been declining since the spring, but a large share of that decline is actually occurring today after it reported an EPS and sales miss in addition to lowered guidance on earnings last night. Today, the stock has fallen nearly 50% in reaction to those weak earnings. There are a handful of stocks on this list that are up on a year-to-date basis with Fresh Del Monte Produce (FDP), Tootsie Roll Industries (TR), and Gilead Sciences (GILD) the only ones that are up double digits. While below their levels from the bear market low, TR and FDP are also two of the only stocks that are simultaneously above levels from February 19, 2020 which marked the last high prior to the start of COVID Crash bear market.

    (CLICK HERE FOR THE CHART!)

    As for the stocks that have gained the most since the COVID Crash low on 3/23/20, meme mania darling GameStop (GME) still tops the list having rallied 5,492%. That is twice the rally of the next best performer, SM Energy (SM). As for the rest of the top performers since the bear market low, there are another 15 that have gained over 1,000%. One of those is a member of the trillion-dollar market cap club: Tesla (TSLA). Another one of these top performers, Tupperware Brands (TUP), is also one of the only stocks that is actually lower on a year-to-date basis, and those declines are significant at a 43.81% loss. TUP got below $2/share at its lows during the COVID Crash, but then surged back into the mid-$30s in late 2020. It has since moved back down into the teens.

    (CLICK HERE FOR THE CHART!)

    Rolling 10-Year Returns Suggest Modest Gains Ahead

    The chart above of the S&P 500 Daily Rolling 10-Year Returns Since 1940 indicates the rolling 10-year average return for the S&P 500 is 6.64% as of the close of October 2021. For the 10-year period ending on October 29, 2021 the average annualized return for the S&P 500 was 13.9%. The highest 10-year annualized return for the S&P 500 since 1940 was 17.2% in August 2000 just after the dotcom bubble burst. Recent 10-year annualized highs occurred in March 2019 at 15.1% and on October 1, 2021 at 14.8%. As you can see from the chart whenever the rolling annualized 10-year returns get into the 15-range the returns over the next 10 years are more modest and trend lower. Gains over the next 10 years are likely to be lower and more in line with the historical averages in the range of 6-9% per year.

    (CLICK HERE FOR THE CHART!)

    Best Consecutive Three-Month Span Begins With November

    November maintains its status among the top performing months as fourth-quarter cash inflows from institutions drive November to lead the best consecutive three-month span November-January. However, the month has taken hits during bear markets and November 2000, down –22.9% (undecided election and a nascent bear), was NASDAQ's second worst month on record—only October 1987 was worse.

    November begins the "Best Six Months" for the DJIA and S&P 500, and the "Best Eight Months" for NASDAQ. Small caps come into favor during November, but don't really take off until the last two weeks of the year. November is the number-two DJIA (since 1950) and NASDAQ (since 1971) month. November is best for S&P 500 (since 1950), Russell 1000 (since 1979) and Russell 2000 (since 1979). Average performance in all years ranges from 1.7% by S&P 500 to a solid 2.5% by Russell 2000.

    In post-election years, November's market prowess is essentially unchanged. DJIA has advanced in 14 of the last 17 post-election years since 1953 with an average gain of 1.9%. DJIA has been up 11-straight post-election year Novembers. DJIA's last losing post-election year November was all the way back in 1973 (-14.0%, Arab oil embargo began 10/19/1973). S&P 500 has been up in 13 of the past 17 post-election years. Small caps perform well with Russell 2000 climbing in 8 of the past 10 post-election years, averaging 2.8%. The only real blemishes in the November post-election year record are 1969 (DJIA –5.1%) and 1973 (DJIA –14.0%, OPEC oil embargo).

    (CLICK HERE FOR THE CHART!)

    Typical November Trading: Firm Beginning, Tepid Across Mid-Month, Rally to Close

    As the top month of the year for S&P 500 (since 1950), Russell 1000 and Russell 2000 (since 1979) and second best for DJIA (since 1950) and NASDAQ (since 1971), November has historically and frequently been a solid month for equity bulls. In the most recent 21-year period, average gains have even been improving for DJIA, S&P 500, Russell 1000 and Russell 2000. However, strength has not been evenly spread across the entire month.

    As you can see in the following seasonal chart based upon daily performance over the last 21-years, November has typically opened well with nice gains spanning the first four trading days. Following this move higher the major indexes have tended to trade sideways and modestly lower until the last seven trading days at which point, they have historically sprung back to life and surged higher to close out the month. If you missed our Seasonal MACD Buy signal in October and/or are looking for a dip to add to existing positions, November may provide that opportunity.

    (CLICK HERE FOR THE CHART!)

    36,000 Reasons To Be Thankful

    The Dow Jones Industrial Average started trading more than 125 years ago and yesterday it closed above 36,000 for the first time ever. Along the way, the S&P 500, Nasdaq, and Russell 2000 (small caps) all closed at new all-time highs as well.

    "We understand all of the worries. Labor shortages, inflation, the pandemic, the Fed, Washington drama, supply chain bottlenecks, and a slowing economy," explained LPL Financial Chief Market Strategist Ryan Detrick. "But the other side of the coin is earnings have been really good and the stock market is looking forward to better times, not looking in the rear view mirror at the bad news."

    As shown in the LPL Chart of the Day, the Dow has hit five separate 1,000 level milestones in 2021, the most ever. Yes, the percentage between each level gets smaller higher you go, but this is still an amazing feat.

    (CLICK HERE FOR THE CHART!)

    What now? Well, the bull market looks poised to continue its run. In fact, when the S&P 500 is up more than 20% for the year heading into the seasonally bullish month of November, stocks have never been lower—higher all eight times. The returns get better as well, up 3.7% versus the average November return of 1.7%. Not to be outdone, the final two months of the year have been higher all eight times as well, up 6.2% versus the average final two months return of 3.2%.

    We're thankful for the strong stock market performance this year, but there may be more to come before year-end. We continue to expect stocks to outperform bonds and maintain our overweight to equities.

    (CLICK HERE FOR THE CHART!)

    Historic Run For Consumer Discretionary

    Recently we have made note of the massive outperformance of the Consumer Discretionary sector. Prior to this week, the bulk of the gains were a result of the rise in Tesla (TSLA), but this week, breadth has significantly improved as we noted in yesterday's Sector Snapshot. With more stocks in the sector participating in the rally, price has continued to move higher.

    Yesterday marked one month from the recent low in price for the sector. Through yesterday's close, the sector had gained 16.11% over the last month. Moving higher yet again today as of this writing, the sector is now up 17.5% from the low.

    (CLICK HERE FOR THE CHART!)

    In the chart below, we show the rolling one-month performance of the sector going back to late 1989. As shown, the surge in the past month ranks in the top 1% of readings on record. It has been the largest one-month gain since April of last year when the sector was coming off of the bear market low. Prior to that, the only other period of the post-GFC era to have seen as large of a rally in one month's time was January 2019.

    (CLICK HERE FOR THE CHART!)

    With the sector having gone on a historic run over the past month, it begs the question of how much gas may be left in the tank. Historically, when the sector has gained at least 15% in a one-month span without having done so in the prior three months, forward returns have been in line to slightly below average, although they are also not outright negative with positive returns better than half the time. Several of these prior occurrences happened around the time of the Dot Com burst, and performance following those periods was broadly negative.

    (CLICK HERE FOR THE CHART!)

    This week the sector has also crossed above a 13% weighting in the S&P 500, overtaking Health Care as the second-largest sector in the index!

    (CLICK HERE FOR THE CHART!)

    Here are the most notable companies reporting earnings in this upcoming trading week ahead-


    (CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
    (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
    (CLICK HERE FOR THE MOST NOTABLE EARNINGS RELEASES BEFORE MONDAY'S OPEN!)

    Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:


    Monday 11.8.21 Before Market Open:

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

    Monday 11.8.21 After Market Close:

    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Tuesday 11.9.21 Before Market Open:

    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Tuesday 11.9.21 After Market Close:

    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
    (CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #4!)

    Wednesday 11.10.21 Before Market Open:

    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Wednesday 11.10.21 After Market Close:

    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)
    (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)

    Thursday 11.11.21 Before Market Open:

    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Thursday 11.11.21 After Market Close:

    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!)
    (CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!)

    Friday 11.12.21 Before Market Open:

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

    Friday 11.12.21 After Market Close:

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

    (T.B.A. THIS WEEKEND.)

    (T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

    (CLICK HERE FOR THE CHART!)


    DISCUSS!

    What are you all watching for in this upcoming trading week?


    I hope you all have a wonderful weekend and a great trading week ahead r/stocks. :)

    submitted by /u/bigbear0083
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