• Breaking News

    Wednesday, December 1, 2021

    Stock Market - It's beginning to look a lot like Christmas...

    Stock Market - It's beginning to look a lot like Christmas...


    It's beginning to look a lot like Christmas...

    Posted: 01 Dec 2021 01:45 PM PST

    Market open - Wednesday, December 1st, 2021

    Posted: 01 Dec 2021 06:40 AM PST

    Here is a Market for today Wednesday, Dec 1, 2021

    Posted: 01 Dec 2021 03:02 PM PST

    PsychoMarket Recap - Wednesday, December 1, 2021

    Whipsaw session today in the market. After opening higher in the morning stocks slid steeply downwards as market participants digested new remarks from Fed Chair Jerome Powell and new concerns surrounding the coronavirus 'Omicron' variant, with the US detecting its first case in California earlier today.

    Notable Numbers Today

    • S&P 500 (SPY): -1.10%
    • Nasdaq (QQQ): -1.7%
    • Dow Jones (DIA): -1.29%
    • Meta (FB): -4.27%
    • Tesla (TSLA): -4.35%
    • SPY Airline ETF: -3.27%
    • VIX: +3.77%
    • Alibaba (BABA): -4.10%

    At around 1 p.m. ET, the Center for Disease Prevention and Control (CDC) reported that it identified the first confirmed case of the new coronavirus Omicron variant in the United States. Dr. Anthony Fauci told reporters the person was a traveler who returned from South Africa on Nov. 22 and tested positive on Nov. 29. Fauci said the person was vaccinated but had not received a booster shot and was experiencing "mild symptoms." On November 26, President Biden's administration announced it was instituting a travel ban on South Africa and other African nations in an effort to curb the spread. The US now joins about two dozen countries that have detected the coronavirus Omicron virus. The Omicron variant was first detected in South Africa on November 24.

    vaccine makers released new, less optimistic commentary regarding how effective existing vaccines are against the new Omicron variant. Moderna CEO Stephane Bancel said their current vaccine would likely see a "material drop" in effectiveness against the Omicron variant.

    He said, "There is no world, I think, where [the effectiveness] is the same level we had with [the] Delta [variant]. I think it's going to be a material drop. I just don't know how much because we need to wait for the data. But all the scientists I've talked to . . . are like, 'This is not going to be good'."

    https://www.ft.com/content/27def1b9-b9c8-47a5-8e06-72e432e0838f

    Both Pfizer and Moderna have said they were collecting data on the Omicron variant and that more definitive information would be available in the coming weeks. Researchers have not yet determined whether the new variant is more easily transmitted, or responsible for more severe illness, than previous versions of the virus.

    J. Pow's latest remarks before the Senate Banking Committee spooked the markets, after he said he would back off from using the word "transitory" to describe rising inflation. This is very notable because the Central bank has been using the T-word since the beginning of the year, when it warned that steep differences in year-over-year comparisons and supply-chain bottlenecks would lead to elevated inflation.

    Powell said, ""We tend to use [the word transitory] to mean that it won't leave a permanent mark in the form of higher inflation. I think it's probably a good time to retire that word and try to explain more clearly what we mean."

    Moreover, Powell suggested the Central Bank was considering completing its asset purchase taper "a few months sooner" than previously telegraphed. Market participants expected a more supportive stance, especially with the new COVID variant, but instead Powell suggested his priority was now on curbing higher than expected inflation.

    Charlie Ripley, senior investment strategist at Allianz Investment, said "Chairman Powell's commentary course-corrected the view on inflation and the potential need for quicker policy adjustment. The reality is hotter inflation coupled with a strong economic backdrop could end the Fed's bond buying program as early as the first quarter of next year. Ultimately, the transitory view on inflation has officially come to an end as Powell's comments reinforced the notion that elevated prices are likely to persist well into next year. With potential changes in policy on the horizon, market participants should expect additional market volatility in this uncharted territory."

    "Life is a succession of lessons which must be lived to be understood." -Ralph Waldo Emerson

    submitted by /u/psychotrader00
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    Stock market stages big U-Turn from strong gains after first case of omicron strain of coronavirus confirmed in California

    Posted: 01 Dec 2021 01:04 PM PST

    $BGRY - Robotics Company Riding the Huge Wave of Warehouse Staff Shortage and E-grocery Boom

    Posted: 01 Dec 2021 10:28 AM PST

    $BGRY - Robotics Company Riding the Huge Wave of Warehouse Staff Shortage and E-grocery Boom

    BGRY is the only warehouse robotics company listed and have been hammered by the market.

    Analyzing it the tailwinds and headwinds.

    Silverline:

    $BGRY - Berkshire Greyis is making the robots and the AI sofware for Walmart, Target, Fedex and others to keep up with the boom in e-commerce and the supply chain bottle necks.

    There are almost 19,000 warehouse facilities in the United States, and it is these facilities that represent a critical link in the commerce supply chain. Over 80% of them rely on human work only with no automation, 15% us seom automation, while 5% are automated.

    There is a huge shortage of staff in the warehouse industry is US. The warehouse and transportation industry had a record 490,000 openings in July 2021, a gap that experts predicted will widen in coming months.

    All this 3 factors are creating a market that is screaming for help.

    How BGRY is helping ?

    BGRY robots are making all kind of tasks from piking, sorting, packing or smart shelf replenish in regular retail shops. They have a flexible suit of solutions and AI based sofware that can replicate "robot work experience" and can import skills as needed. Walmart, Fedx, Target, Bells, Atos and others are starting to use their solutions.

    Why BGRY is the main protagonist in this market?

    a.Is the only pure play stock in warehouse logistics. The means faster access to capital generaying faster growth.

    b. Has the best list of customers that are switching to automatisation to keep up with the new realities: Walmart $WMT, Fedex $FDX, Target $TGT, Bells, Atos etc.

    c. Has one of the best teams to ride this wave with 2 names that you should remember:

    CEO Tom Wagner is the former CTO from Irobot $IRBT leading the tech efforts in the critical years of growth that made IRBT the company that is today (and also made some investors very happy).

    Chief Scientist - Matt Mason - former director of the Robotics Institute at Carnegie Mellon where he supervised all the activities of the Robotics Institute and the National Robotics Engineering Consortium (NREC). Supervised R&D projects for Walmart, ABB, Kuka, etc., and US technology organizations such as the Army, DARPA, the National Science Foundation, and the Office of Naval Research.

    d. The AI Entreprise Software is a much ore tasty cookie in all this mix. While selling robots is a good busines to be now, the AI cloud with integrated skils for robots will be a market of its own. BGRY as pioneer in this field is building right now years of robot training and skills ready to deploy anywhere in the world.

    https://preview.redd.it/8qmpyukdaz281.png?width=1408&format=png&auto=webp&s=de2b34f985a97746121ed7e4a375fa9ea712198d

    Why BGRY is so cheap right now?

    Problem: The sophistication of Berkshire Grey's system means that right now only the big companies can access those technologies.

    Solution: While the workforce is getting more expensive and harder to find, warehouse robotics will be adopted by more and more companies while he pioneers in automatisation will speed up the transformation.

    Problem: BGRY orders are relatively small for the moment

    Solution: The industry is changing but the speed up has just started. The orders are increasing at an impressive speed and most of them as reccuring orders (like that 25 M order from a 36 M order in October 2021. Last earnings has shown a revenue of $18.8 million in the third quarter of 2021, an increase of $16.6 million or 750% from the third quarter of 2020 and an increase of $14.3 million or 317% from the second quarter of 2021.

    Total backlog (as nov 2021) was 113M in total (de be delivered some in 2021 and some 2022), a 20+% increase from the last quarter only.

    Revenue growth is set 99% CAGR and judging by the numbers recorded this year, this doesn't seem so difficult.

    Problem: BGRY is not profitable and an rate hike will make them pay more for the capital needed for growth.

    Solution: The brake even if projected for next year - pretty much when the interest rate hike is expected by the most howkish at the Fed. Also they had some 200M + in cash in NOv. 2021> So cash wise they are pretty much safe and able to grow.

    Why not waiting until BGRY will prove itself and have meaningful EBITDA ?

    The initial valuation of 2B this summer was not that attractive as they had to show some numbers first. Now, after very promising earnings and new contracts ad partnerships, we have a 1.2B EV on the table.

    Current EV/E2025EBITDA gives us a 5.2 result. With a conservative 12 EV/EBITDA multiplier Berkshire Grey's EV would be ~ 2.77B or $13.8/share, more than double from current price. (See initial valuation below)

    Brooks Automation, Inc. $BRKS an established robotics & automation company for example, a ev/ebitda over 100 right now.

    https://preview.redd.it/mgekjjdcaz281.jpg?width=640&format=pjpg&auto=webp&s=ebf7479665bf2d53907df720dd6cc0d6976a77ea

    The growth projected by BGRY didn't factor in 3 important cathlysts: The wage increase in many sectors (warehouses included), the staff shortage and the supply chain bottle necks. The market might speed up to automatisation a lot sooner than expected any spark can get BGRY for a rally.

    E-grocery and e-comerce has not slowed significantly during the re-opening and the growth trend is here to stay for years to come.

    Fed gov has money and the political will to finance solutions for fixing the supply chain. Automation maight just be one of those solutions.

    Amazon already bought Kinva (2012) and Canvas (2019) robotic and automation companies. Amazon is a trend setter and big players outhere might just put a bid on the table for BGRY and the price will fly an never comeback.

    Finally - we might have noticed in the news that some countries are closing borders and there is a new spike in infectins across the globe. The winter ahead wil make all the cathalysts mentioned above even more critical. If the new variant(s) prove to be just as deadly as Delta, all e-grocery/e-commerce and robotics will see a renewed interest.

    And you already know that $BGRY is riding a huge wave.

    submitted by /u/invest_opinions
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    Metaverse a $1 trillion opportunity?

    Posted: 01 Dec 2021 03:46 PM PST

    The metaverse "can fundamentally change the medium through which we socialize with others, watch music performances, engage with fashion brands, learn and/or speculate on digital assets such as NFTs or in-game skins," Morgan Stanley wrote in a Nov. 11 report.

    Digital-asset manager Grayscale said the metaverse economy could rake in over $1 trillion in annual revenue. (Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.)

    Another report by Bank of America quoting Bloomberg Intelligence said the metaverse could be a $800 billion market opportunity by 2024.

    Uncertainty over which tokens will eventually win out has some investors hedging their bets by buying a handful of metaverse projects.

    Somnium Space, another Ethereum-based virtual reality world, saw its CUBE token rise 66% during the month

    submitted by /u/ninna76
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    Behavioral Economics And Psychology of Investing

    Posted: 01 Dec 2021 05:01 PM PST

    Behavioral Economics And Psychology of Investing

    In a market like this (with so many new investors experiencing a bull market turn choppier), I thought it might be good to remind everyone of the psychology of investing. You want to be aware of potential biases and factors contributing to your decision-making. If you don't know what you don't know (the Dunning Kruger effect), you are screwed.

    Our human brain is not a rational economic actor. When faced with uncertainty, even the best investing minds may throw good money after bad, sell at the first sign of trouble or make all manner of muddled financial decisions.

    These flaws in our everyday decision-making, first chronicled in the 1970s by Israeli psychologists Daniel Kahneman and Amos Tversky, gave rise to the field known as behavioral economics, which aims to mitigate the effects of these embarrassing foibles by heightening our awareness of them.

    https://preview.redd.it/k8vzv1ho11381.png?width=802&format=png&auto=webp&s=ecee7ad364716b8f78c7862d48bf4fe31aadf33c

    You buy stock in XYZ Corp. and, after several lackluster earnings reports, find it's down 25% from what you paid for it. Which is the best course of action?

    Reexamining the investment is the right move. However, many investors will instead hold a stock until it reaches a value they have in their head (the price they paid for it, say, or a previous high)—a behavioral bias known as anchoring. Getting wed to a number can weigh down your judgment, even when the price you're anchored to is irrelevant to the decision at hand.

    https://preview.redd.it/ctnf004s11381.png?width=2388&format=png&auto=webp&s=3fd95df0f270ac7c746c5d87366ff77007c8933d

    In one seminal study,Kahneman and Tversky spun a wheel containing the numbers 0 through 100 and then asked their research subjects what percentage of the United Nations is made up of African countries. When the wheel landed on 10, the average estimate was 25%, whereas when the number landed on 65, the average estimate was 45%. The numbers on the wheel had absolutely nothing to do with the question at hand, but they influenced the research subjects' estimates nonetheless.

    A year after buying two particularly promising stocks, one has surged while the other has slumped. How do you rate your performance?

    An honest assessment reveals your track record to be a lackluster 50/50. However, many investors will instead recall how they knew the surging stock was going to be a winner all along, while conveniently forgetting they were equally hopeful about the second stock—a failure of logic known as hindsight bias.

    https://preview.redd.it/ycz221iw11381.png?width=2388&format=png&auto=webp&s=a2f017c3ef3add7248a7059600506192fee347ca

    Indeed, people consistently misremember the odds they assigned to an outcome once that outcome is known. In one landmark study, researchers surveyed groups of university students prior to former President Richard Nixon's breakthrough trip to China in 1972 about the probability of certain events taking place, such as a face-to-face meeting with Chairman Mao Zedong. Surveyed again after the trip, the students often misremembered their predictions in light of what actually transpired—invariably giving themselves higher marks than were warranted.

    Your investment advisor suggests a number of new stocks to replace several long-held, albeit underperforming, investments. How should you react?

    In theory, every position must continually earn its place in your portfolio, but in practice, we often overvalue things simply because we already own them—a mental miscue called the endowment effect. One way to counter the endowment effect is to ask yourself whether the reason you bought a particular investment is still valid. It's possible there's a more appropriate investment for you—provided you're willing to let go of what you already own.

    https://preview.redd.it/z4eb231321381.png?width=640&format=png&auto=webp&s=25fea7a866ffe08c423ed0891dfa77eb56423531

    Does a cash position make sense?

    Cash tends to underperform the stock market over the long haul, even when it's invested at the market's peak. However, many investors suffer from analysis paralysis, or choice overload, which can cause them to sit on the sidelines rather than get in the game. Indeed, a 2000 study found shoppers were 1½ times more likely to visit a display showcasing a large number of jams—but 10 times more likely to make a purchase from one with a more limited selection.

    Just an example, not actual math.

    After the recent stock market correction, you review your investment plan. Which is the best course of action?

    When it comes to financial decisions, long-term trends are historically more reliable than near-term events. After all, it took only 19 trading days after the events of September 11 for the market to return to pre-9/11 levels.

    Be that as it may, investors often forget this fact because of recency bias, or our predisposition to give added weight to events that have occurred recently. If a market's been going up, for example, we tend to assume continued gains are therefore more likely, whereas a recent correction can lead us to believe another is right behind it.

    This bias is seen in \"new investors\" starting out in a bull market and thinking the stock market is going to be great always and forever.

    Your portfolio gains 10% for two consecutive years, before losing half of those profits in year three. How do you react to the ups and downs?

    You should feel as much pain from a 10% loss as you do pleasure from a 10% gain, but researchers have concluded the pain of loss is roughly twice as powerful, psychologically speaking, as the pleasure from an equivalent gain—a phenomenon known as loss aversion.

    As with many behavioral biases, the roots of such thinking are often attributed to the early days of human existence, when the loss of a day's worth of food could spell disaster, whereas an extra day's worth of food might add little to your odds of survival.

    Although U.S. technology stocks have helped your portfolio achieve double-digit annual growth, your financial advisor now believes the sector to be overvalued. What do you do?

    Our decision-making is subject to confirmation bias—the unconscious tendency to gravitate toward evidence that supports what we already believe. In other words, if you're already heavily invested in technology stocks, it may be time to challenge your predisposition, not confirm it. Confirmation bias is among the more pernicious of our behavioral tics, evident in everything from political polarization to overconcentration in a particular asset class.

    https://preview.redd.it/cbe0kbey21381.png?width=1500&format=png&auto=webp&s=b4fa0607d6add956df721d53975c2c6a859818f5

    You see a TV interviewer praising a CEO for several new products her company has developed. Should you buy the stock based on the segment?

    Company fundamentals are a more reliable barometer of a stock's potential performance than the 24/7 news cycle. Unfortunately, humans more often judge probabilities based on how easily corroborating information comes to mind—a tendency known as availability bias.

    https://preview.redd.it/yqqqjed231381.png?width=1600&format=png&auto=webp&s=b5afc043498e1532a657a8478085f2b08f368292

    In this particular case, a compelling TV appearance by a CEO risks crowding out other information that perhaps has a greater bearing on the company's stock. In fact, availability bias is one reason people believe they're much more likely to win the lottery than they actually are, as those who hit the jackpot are heavily promoted while the multitudes who come up empty go unmentioned.

    Why did I share this article from Schwab?

    This is not an ad for Schwab (I do not work for them and am not invested in them!)

    Maybe this is stuff you all already knew, but I thought it was interesting. Happy investing. Stay safe and healthy!

    https://preview.redd.it/witjib0831381.png?width=736&format=png&auto=webp&s=e2c40f372ee05874d654861ad998ac08d3cf0cab

    submitted by /u/L0LINAD
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    Watching inflation like a hawk, the Fed might cut economic aid faster.

    Posted: 01 Dec 2021 11:28 AM PST

    Powell's 'Transitory' Mistake on Inflation Risks Destabilizing the Market

    Posted: 01 Dec 2021 08:37 PM PST

    Would you change anything? Should I sell to a loss? Or maybe buy more of these?

    Posted: 01 Dec 2021 08:02 PM PST

    TSMC’s 3nm Enters Pilot Production, but Advanced Packaging Faces Challenges

    Posted: 01 Dec 2021 04:35 AM PST

    Hmmm

    Posted: 01 Dec 2021 12:10 PM PST

    Salesforce’s Mixed Earnings

    Posted: 01 Dec 2021 06:19 AM PST

    Shares of Salesforce (NYSE: CRM) fell 6.19% in after-hours trading on Tuesday after the technology giant's future outlook missed expectations, even though the most recent quarter was strong.

    Financials: Salesforce reported earnings per share of $1.27 in the quarter and revenue reached $6.86 billion. Both numbers were better than expected.

    The Future: The problem for Salesforce was its fourth-quarter guidance. The company expects to hit earnings per share between 72 cents and 73 cents. Analysts were expecting the company to exceed 80 cents.

    New Boss: Salesforce announced Tuesday that Bret Taylor was promoted to Vice Chair of the Board and Co-CEO of Salesforce. This occurred one day after Taylor was also named the chairman of Twitter (NYSE: TWTR).

    Quote: "With the tremendous strength of our Customer 360 platform and Slack, we're on track to reach $50 billion revenue in FY26." - Marc Benioff, chair and CEO of Salesforce.

    Final Thoughts: Outlook aside, it was still a strong quarter. This dip might be a good time to buy Salesforce stock, if you are bullish on the company.

    Hope you enjoyed this commentary. Please subscribe to Early Bird, a free daily newsletter that helps you identify investment trends: https://earlybird.email/

    submitted by /u/MrComedy325
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    $K alerted bearish today on the TTBB. Looks to be right at a support. I feel like $60 could be a psychological support, but other than that, a break under $60.90 could see a drop down to the $57-58 range. And with a bearish market, maybe further. Something to watch for.

    Posted: 01 Dec 2021 05:24 PM PST

    $FISV charted here on the weekly. $92 support has been tested4 times since the Covid crash. TTBB alerted it bearish today. If it breaks below $92 and holds, it could see a $5-7 drop. That orange line is also the 200EMA. The white line is the 9EMA.

    Posted: 01 Dec 2021 05:23 PM PST

    (12/1) Wednesday's Pre-Market Stock Movers & News

    Posted: 01 Dec 2021 05:59 AM PST

    Good morning traders and investors of the r/StockMarket sub! Welcome to the first trading day of December! Here are your pre-market stock movers & news on this Wednesday, December 1st, 2021-


    Stock futures jump ahead of first trading day of December after omicron fears dent markets


    U.S. stock futures were higher in early trading Wednesday, as companies that benefit from the economic reopening gained along with big energy and pharma.


    Dow futures rose 305 points. S&P 500 futures gained 1.2% and Nasdaq 100 futures rose 1.4%.


    The gains follow a Tuesday sell-off on Wall Street over fears about the new omicron Covid variant and the Federal Reserve mulling a quicker-than-planned exit from its easy monetary policy.


    Treasury yields also moved notably higher, with the benchmark 10-year Treasury note most recently back near 1.5% after falling 8 basis points Tuesday to 1.45% on fears that the pandemic would stifle economic growth.


    Merck led gainers on the S&P 500, rising 4% in premarket trading a day after its Covid treatment pill received approval from the Food and Drug Administration, though by a narrow 13-10 margin.


    Energy shares also posted sharp gains, with Occidental Petroleum up 3.4% as West Texas Intermediate prices climbed more than 4% to nearly $69 a barrel.


    Elsewhere in early trading, stocks associated with the economic reopening also posted strong gains. Carnival was up 2.9%, Wynn Resorts gained 2.6% and Hilton Worldwide saw a 2.8% gain.


    The moves came a day after the Dow lost more than 650 points, the S&P 500 shed 1.9% and the tech-focused Nasdaq Composite dipped 1.6%. The small-cap benchmark Russell 2000 tumbled 1.9% as cyclical names dragged on the markets.


    "Our sense is that the recent selloff is a longer-term buying opportunity. However, investors that want to avoid a potential big drawdown (while giving up some potential upside) may want to wait until the [Fed's] Dec. 15 meeting," Wolfe Research strategist Chris Senyek said in a note to clients.


    Fed Chairman Jerome Powell jolted markets after he said the central bank is expected to discuss speeding up the taper of its minimum $120 billion a month bond-buying program. Despite the potential disruption of omicron, the Fed chief said he thinks reducing the pace of monthly bond buys can move quicker than the $15 billion-a-month schedule announced earlier this month.


    "At this point, the economy is very strong and inflationary pressures are higher, and it is therefore appropriate in my view to consider wrapping up the taper of our asset purchases ... perhaps a few months sooner," Powell said. "I expect that we will discuss that at our upcoming meeting."


    Goldman Sachs said it projects the Fed will double the pace to $30 billion a month and enact its first rate hike of the pandemic era in June.


    The major averages have seen several volatile sessions, starting last Friday when the Dow Jones Industrial Average experienced its worst day since October 2020. Stocks rebounded on Monday, only to turn downward again on Tuesday.


    Wednesday marks the first trading day of the final month of 2021.


    Expediting the removal of the Fed's easy policies tells investors that the central bank is focusing on addressing inflation, instead of new threats from the pandemic.


    "Markets appear to be having trouble digesting the combo of elevated uncertainty around the impact of the Omicron variant and a hawkish Fed pivot in the context of persistently elevated inflation," said Gregory Daco, chief U.S. economist at Oxford Economics.


    The new Covid variant, first detected in South Africa, has now been identified in more than a dozen countries, causing many to restrict travel. Denting sentiment on Tuesday, the Moderna CEO told the Financial Times that he expects existing vaccines to be less effective against the new variant.


    Stocks wrapped up a volatile month of trading on Tuesday. The Dow lost 3.7% for its second month of losses in three. The S&P 500 fell 0.8%, while the Nasdaq Composite gained 0.25% in November. The Russell 2000 shed 4.3% in November, its worst month since March 2020.


    Still, the major averages are up solidly for the year. The Dow is up 12.7% and the S&P 500 is up 21.6% in 2021. The Nasdaq Composite is up an impressive 20.6% this year.


    ADP's private payroll data for November showed 534,000 jobs added in November, above expectations of 506,000


    On Wednesday, investors will be evaluating updates on the omicron variant, as well as some key economic reports. November's Manufacturing PMI, ISM Manufacturing print and October's construction spending are set to release on Wednesday morning.


    STOCK FUTURES CURRENTLY:

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    YESTERDAY'S MARKET MAP:

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    TODAY'S MARKET MAP:

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    TODAY'S ECONOMIC CALENDAR:

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    THIS WEEK'S ECONOMIC CALENDAR:

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    THIS WEEK'S UPCOMING IPO'S:

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    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:

    ($CRM $ZS $AMBA $NTAP $HPE $BBW $BOX $RY $EMKR $DOOO $GIII $REX $DCI $PDCO $GFS $AIP $VBNK $SDIG)

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

    EARNINGS RELEASES BEFORE THE OPEN TODAY:

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    EARNINGS RELEASES AFTER THE CLOSE TODAY:

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    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

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    YESTERDAY'S INSIDER TRADING FILINGS:

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    TODAY'S DIVIDEND CALENDAR:

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    THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

    • BYSI
    • REQ.X
    • VXRT
    • NIO
    • AAPL
    • MATIC.X
    • ATNF
    • AERC
    • OP

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Salesforce — Shares of the software giant dropped more than 6% in premarket trading despite a better-than-expected third-quarter earnings report. The company's fourth-quarter guidance missed analysts' expectations. Salesforce also announced it promoted Bret Taylor to the role of co-CEO, alongside Marc Benioff.

    STOCK SYMBOL: CRM

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    Box — Shares of Box rose more than 9% in early morning trading after the company's quarterly financial results beat on the top and bottom lines. Box posted earnings of 22 cents per share on revenue of $224 million versus the Refinitv consensus estimate of 21 cents per share on revenue of $218.5 million, according to Refinitiv. The company's fourth-quarter and full-year revenue and earnings also topped estimates.

    STOCK SYMBOL: BOX

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    Hewlett Packard Enterprise — Shares of Hewlett Packard Enterprise fell about 2% in the premarket after missing analyst expectations for its quarterly revenue. The company reported revenue of $7.35 billion, below the Refinitiv consensus forecast of $7.38 billion. However, Hewlett Packard Enterprise posted a profit that came in 4 cents per share above consensus.

    STOCK SYMBOL: HPE

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Ambarella — Shares of Ambarella surged more than 16% in early morning trading after a better-than-expected quarterly report. The semiconductor company earned 57 cents per share, beating Refinitiv estimates by 8 cents. Revenue came in at $92.2 million versus the $90.3 million expected.

    STOCK SYMBOL: AMBA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Allbirds — Allbirds shares sunk more than 5% in the premarket after the shoe maker's losses widened even as its revenue rose from last year. The quarterly report was Allbirds' first as a public company.

    STOCK SYMBOL: BIRD

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Goldman Sachs, Amazon — Shares of Goldman Sachs and Amazon both moved higher in premarket trading after CNBC reported the bank is unveiling a cloud service for Wall Street trading firms backed by Amazon's cloud division. The new service is called GS Financial Cloud for Data with Amazon Web Services. Goldman added 0.9% while Amazon gained 1.2%.

    STOCK SYMBOL: GS

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    STOCK SYMBOL: AMZN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Lennar — Lennar shares gained more than 4% after an upgrade from Goldman Sachs to a buy rating. Goldman says demand for new homes remains high in the country.

    STOCK SYMBOL: LEN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Krispy Kreme — Shares of Krispy Kreme fell more than 3% in early morning trading after Goldman Sachs downgraded the stock to a sell rating. Rising cost pressures should weigh on the stock, according to Goldman.

    STOCK SYMBOL: DNUT

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    DoorDash — Shares of DoorDash gained more than 3% premarket after Gordon Haskett upgraded the stock to buy from hold. The firm said the omicron variant could spark a rebound for the food delivery app as Covid fears flare up.

    STOCK SYMBOL: DASH

    (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 Wednesday, December 1st, 2021! :)

    submitted by /u/bigbear0083
    [link] [comments]

    I’m terrible at day trading, but i ain’t selling. It hurts any advice I’d appreciate, major lose from Canopy Growth over $400

    Posted: 01 Dec 2021 10:08 AM PST

    Tick tick tick

    Posted: 01 Dec 2021 09:42 AM PST

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