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    December 11, 2021

    Stock Market - Stock Market Meme

    Stock Market Meme

    Posted: 10 Dec 2021 02:35 AM PST

    Many value stocks are up, while ORCL shoots up due to earnings

    Posted: 10 Dec 2021 01:36 PM PST

    $100,000 raised so far! Activision Blizzard workers announce open-ended strike and union drive

    Posted: 10 Dec 2021 11:40 PM PST

    PYPL - Why is PayPal staying down?

    Posted: 10 Dec 2021 04:57 PM PST

    Hello, so I recently became interested in PayPal. The company has a solid user base (core service, Venmo), good growth opportunities (partnership with Amazon), and in general is undervalued right now (according to a lot of analyst opinions and where it is on its 52 week range.)

    I understand that it peaked during Covid but PayPal isn't primarily a "Covid business." Why is the stock price not recovering faster? Am I missing something? Is the PayPal stock price staying low an example of how social sentiment and momentum are becoming increasingly larger drivers of stock prices in favor of technicals?

    submitted by /u/Aggressive-Ice5775
    [link] [comments]

    Here is a Market Recap for today Friday, December 10, 2021. Please enjoy!

    Posted: 10 Dec 2021 02:37 PM PST

    PsychoMarket Recap - Friday, December 10, 2021

    Stocks ended broadly higher today as market participants shrugged off the new Consumer Price Index (CPI), which is roughly in line with economist expectations ahead of the Federal Reserve final meeting of the year, a sign that market participants. The Russell 2000 (IWM) which tracks the performance of small-caps, underperformed today. Looking ahead, market participants wait for the Federal Reserve's final policy-setting meeting next week.

    Notable Numbers Today

    • CPI: +6.8%
    • S&P 500 (SPY): +0.94%
    • Nasdaq (QQQ): +1.9%
    • Dow Jones (DIA): +0.59%
    • Russell 2000 (IWM): -0.28%
    • Volatility Index (VIX): -6.40%
    • Apple (AAPL): + 2.8%
    • Microsoft (MSFT): +2.78%
    • Grab (GRAB) -12.75%
    • Oracle (ORCL): +15.61%

    The Labor Department released the Consumer Price Index, which showed the rate of inflation coming in at a multi-decade high for the month of November. CPI climbed 6.8% in a year-over-year period, marking the fastest rate of inflation since June 1982. Excluding volatile food and energy prices, the "core" CPI came in at 4.9%.

    On the other hand, new weekly unemployment claims in the US plunged to the lowest level since 1969, coming in even below pre-pandemic. Here are the numbers:

    • Initial unemployment claims, week ended Dec. 4: 184,000 vs. 220,000 expected and an upwardly revised 227,000 during prior week
    • Continuing claims, week ended Nov. 27: 1.992 million vs. 1.910 million expected and a downwardly revised 1.954 million during prior week

    Currently, the US has more than 11 million job openings, highling how tight the labor market is becoming in the US. A tight labor market combined with elevated inflation will likely make the Federal Reserve to finish quantitative tapering sooner than expected.

    Seema Shah, Chief Investment Strategist at Principal Global Investors, said "Wage increases are probably on the agenda for next year. That's part of the broadening of inflationary pressures that we've already started to see come through in some of that CPI data. But I have to say that we're not so worried because we're starting to see other parts of the inflation picture actually starting to fade. So at the end of next year, 12 months from now, we're not expecting the kind of 6-7% CPI numbers ... We're thinking more like 3% level for 12 months time."

    Highlights

    • Ford Motors (F) gapped up roughly 10% today to reach the highest stock price in roughly two decades, with investors impressed by the company's pivot to electric vehicles.
    • The University of Michigan;s December Survey of Consumers saw a bigger than expected increase in Consumer Sentiment after reaching a decade-low last month. The Consumer Sentiment Index came in at 70.4, better than 68.0 expected and 67.4 recorded in November.
    • Apple (AAPL) stock has been absolutely on fire recently, with the company reaching a fresh record-high today as it inches to a $3 trillion market cap ($2.94 trillion at the time of writing). Absolutely insane.
    • Oracle (ORCL) stock popped off after the company reported better-than-expected earnings.
    • Shares of Costco (COST) hit a new record-high after posting better than expected earnings amid ongoing global supply chains.
    • U.S. software giant Microsoft Corp is set to secure unconditional EU antitrust approval for its $16 billion bid for artificial intelligence and speech technology firm Nuance Communications Inc, people familiar with the matter said.
    • Amazon said that an "an impairment of several network devices" in its Amazon Web Services (AWS) Virginia data center region caused the prolonged outage on Tuesday. The outage temporarily interrupted streaming platforms Netflix Inc and Disney+, trading app Robinhood Markets Inc and even Amazon's own e-commerce site, which makes heavy use of AWS.
    submitted by /u/psychotrader00
    [link] [comments]

    Wall Street Week Ahead for the trading week beginning December 13th, 2021

    Posted: 10 Dec 2021 05:07 PM PST

    Good Friday evening to all of you here on r/StockMarket. 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 December 13th, 2021.

    Fed is expected to speed up end of bond buying and signal interest rate hikes are coming - (Source)

    In the coming week, the Federal Reserve could decide to speed up the end of its bond-buying program and signal that it expects to start hiking interest rates in 2022.

    That is already widely anticipated by investors, ahead of the Fed's meeting Tuesday and Wednesday. Strategists don't expect much market reaction, unless the central bank's messaging includes a surprise or its forecast for interest rate hikes is more aggressive than expected.

    In testimony before a Senate panel on Nov. 30, Federal Reserve Chairman Jerome Powell tipped the warning that the central bank would discuss speeding the taper of its $120 billion monthly bond purchases at the December meetings. His comments followed a parade of Fed speakers, who all suggested the central bank could end the program sooner than the current timeline of June 2022.

    In the past week, stocks resumed their climb back toward highs after it became clear the omicron Covid variant is unlikely to cause a shutdown of the economy. Pfizer and BioNTech also gave investors some encouragement when announcing that a study found three doses of their vaccine provides a high level of protection against the variant.

    For now, a calm reaction to higher prices

    Stocks rose on Friday, with the S&P 500 adding 0.9%, to a record close of 4,712.02. The Nasdaq Composite gained 0.7%, and the Dow Jones Industrial Average climbed 0.6%.

    The three major indexes also notched strong weekly gains: The S&P 500 rose 3.8% and the Nasdaq added 3.6%. The Dow was the outperformer with a 4% jump.

    Investors largely shook off November's inflation print in which the consumer price index gained 0.8% for the month and 6.8% over the previous year — the highest rate since 1982. The core CPI, which excludes food and energy prices, added 0.5% for the month and gained 4.9% from a year ago — the sharpest increase since 1991.

    Bond yields rose during the week, but the 10-year Treasury yield traded at about 1.48% Friday afternoon.

    "The bond market is taking some comfort in the Fed doing its job to address inflation," said David Bianco, chief investment officer for the Americas at DWS Group. "To put this in context, if you go back to the 1960s, the average hiking cycle was 400 basis points." One basis point is equal to 0.01%. That would mean four percentage points in rate hikes.

    "Since 1982, if you start with the post great inflation period of the 1970s and early 1980s, since then the average hiking cycle is more like 250 to 300 basis points. The last cycle we got to 225 [2.25%]" Bianco said.

    "We've seen it has taken less. Maybe there's a silver lining in that inflation is surprising the Fed," he added. "It's causing the Fed to act a little sooner and hopefully the message is also received on the fiscal side and they're a little more right-sized and targeted in their spending."

    Bianco expects two quarter-point rate hikes next year, with the first in June. The following year, the Fed could increase interest rates four more times, but he does not expect the fed funds rate to get much higher. The fed funds rate is the interest rate at which large banks lend to one another overnight.

    Upcoming projections from the Fed

    The central bank is expected to release its quarterly projections for the economy, inflation and interest rates when it releases its statement at 2 p.m. ET on Wednesday. Powell will brief reporters at 2:30 p.m.

    In November, the Fed announced it would wind down its $120 billion in monthly bond purchases at a pace of $15 billion a month. If it speeds up the process, strategists say it may finish by March.

    The bond-buying program, known as quantitative easing, was put in place in early 2020 to help the economy and financial markets combat the impact of the pandemic. The Fed also had quickly slashed its fed funds target rate to zero.

    In its last forecast, the Fed's so-called dot-plot chart of inflation forecasts shows that half the Fed officials expected one or two rate hikes next year, but there was no consensus for a hike. The first hikes were in 2023. That is likely to change in the updated forecast, with possibly two hikes penciled in for next year.

    Powell also acknowledged during his recent testimony that inflation could be more of a problem than the central bank thought, and that it was time to retire the description of inflation as "transitory," or temporary. Indeed, the consumer price index for November surged to its fastest rate in nearly 40 years.

    Economic data to the forefront

    There is some fresh inflation data in the week ahead. The producer price index is reported Tuesday. Other economic reports include retail sales Wednesday, and industrial production on Thursday.

    Bianco said the market is now fixated on the economy, which likely has surged this quarter compared to the tepid 2.1% annual growth rate of the third quarter. Economists expect an average 7% growth rate for gross domestic product in the fourth quarter, according to the CNBC/Moody Analytics Rapid Update survey of economists.

    "In many ways, this cycle has aged quickly. The cycle is 2 years old, going on 7," Bianco said.

    Patrick Palfrey, senior equity strategist at Credit Suisse, also said the market's focus is heavily on the economy as the Fed moves closer to raising interest rates. A strong economy allows the central bank to hike, and the market should keep going higher, Palfrey said.

    Credit Suisse strategists raised their 2022 forecast for the S&P 500 to 5,200 in the past week because of the strong economy and improving earnings and margins.

    "At the end of the day, the Fed may have only recently changed their messaging on let's say 'transitory,' but in reality, investors have been following the yield curve and inflation and the various dynamics, as well," Palfrey said. "It doesn't come as a surprise to many market participants that the Fed found themselves behind the curve and had to correct policy."

    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!)
    (CLICK HERE FOR THE CHART LINK #4!)
    (CLICK HERE FOR THE CHART LINK #5!)

    CPI vs 10 Year Yield and S&P 500

    With inflation levels surging this year, you would expect to see long-term interest rates right along with CPI. As illustrated in the chart below, though, that has been far from the case. Ever since y/y CPI first crossed 2% back in Q1, the yield on the 10-year has actually declined even as CPI has surged to 6.8%! Fed purchases of treasuries have helped to keep rates low, but if the market was truly worried about inflation pressures becoming a longer-term issue, you would expect to see at least some upward pressure in rates.

    (CLICK HERE FOR THE CHART!)

    While yields have seen little upside pressure from the surge in inflation, stock prices have piggy-backed the move higher the entire time. Investors continue to pile into stocks as low yields seemingly offer no other alternative and negative real yields in the treasury market make equities look more attractive on a relative basis.

    (CLICK HERE FOR THE CHART!)

    December Typically Starts Out Weak

    December typically starts out weak as tax-loss selling ramps up and with the big gains this year we would expect that early December weakness to materialize. Then as you can see in the typical December chart here stocks begin to takeoff around mid-month led by small caps and the Russell 2000.

    This is what used to be known as the "January Effect:" small caps outperforming large caps in the month of January. Nowadays most of the so-called January Effect takes place in the last half of December (2021 Almanac pages 110 & 112, 2022 pages 112 & 114). The January Effect is not to be confused with the January Barometer (2021 Almanac page 16, 2022 page 18), which states as the S&P 500 goes in January, so goes the year.

    (CLICK HERE FOR THE CHART!)

    Reversals

    Earlier today in our Morning Lineup, we highlighted the fact that there has been a pretty remarkable about-face in market performance at the index level between now and a week ago. The table below compares the trailing 5-day performance of the major index ETFs as of the close on 12/8 versus the trailing 5-day performance as of the close on 12/1. Whether you look at the table or chart, it's pretty clear to see that performance over the last five days has been directly related to performance in the week prior. Indices that were down the most last week have bounced back the most this week, and indices down the least last week are up the least this week. With an r-squared of 0.8324, you can't get much more closely correlated than that.

    (CLICK HERE FOR THE CHART!)

    While there has been a close correlation between performance at the index level, at the sector level, the relationship -- while still positive -- hasn't been nearly as strong. While some of the biggest losers in the week ending 12/1 like Industrials and Energy have been among the biggest winners over the last week, a sector like Real Estate that actually outperformed the S&P 500 in the week ending 12/1 is also one of the top-performing sectors over the last week. Additionally, Financials was the worst-performing sector on the way down last week with a decline of 6.6%, but it has also underperformed on the way up this week. As a result, while the r-squared of performance at the index level has been +0.83, the r-squared of performance at the sector level has been much lower at just +0.21.

    (CLICK HERE FOR THE CHART!)

    6 Job Openings Surge

    The BLS released October results of the Job Openings and Labor Turnover Survey this morning showing a significant uptick in job openings. Openings totaled 11.03 million in October, slightly below the record of 11.098 million from this past July. Openings rose by 431K month over month which ranks as the biggest one-month uptick since July and is in the 94th percentile of all monthly moves.

    (CLICK HERE FOR THE CHART!)

    While the JOLTS data is insightful, it is released at a decent lag. Job listings website Indeed, however, offers a higher frequency (daily) dataset with more up-to-date readings with the latest data available through November 26th. As we discussed ahead of the JOLTS release in last night's Closer, postings through this reading have been hitting new highs and are 57% above the February 2020 baseline reading. That comes with acceleration in new postings being put up on the site throughout the fall, but especially so in recent weeks.

    (CLICK HERE FOR THE CHART!)

    Indeed also offers a breakdown based on industry. As shown below, there are four industries that currently have postings that are twice as high as they were pre-pandemic. Ironically, given the fair degree of labor market slack, the human resources sector continues to top the list with postings almost 120% above the baseline level. Loading & Stocks, Production & Manufacturing, and Software Development are the other most in-demand industries through late November. The other end of the spectrum continues to include many reopening sensitive areas like Hospitality and Tourism (which has also been on the decline in recent weeks as shown in the next chart below), though, these too are now all above baseline levels.

    (CLICK HERE FOR THE CHART!)

    As previously mentioned, Hospitality and Tourism have seen a decline in postings recently likely as a result of rising case counts. Noting a few other industries, Banking & Finance, Construction, Cleaning & Sanitation, and Food Preparation & Service have all seen an acceleration in postings.

    (CLICK HERE FOR THE CHART!)

    Breezy Does It - Chicago Home Prices the Last to Take Out Prior Bubble Highs

    The S&P Case Shiller home price indices for September 2021 were released recently and showed that home prices nationally are now up 47% from their prior highs made during the housing bubble of the mid-2000s. And notably, all 20 of the individual cities/regions tracked by S&P Case Shiller have now eclipsed their prior housing bubble highs now that Chicago has finally moved above its prior high from September 2006. As shown below, home prices in Chicago are now 1% above those September 2006 levels.

    Two cities -- Dallas and Denver -- have home price levels now that are 100%+ above their mid-2000 highs. Five more cities are up at least 50% from their prior housing bubble highs -- Seattle, Portland, Charlotte, San Francisco, and Boston.

    (CLICK HERE FOR THE CHART!)

    You can see Chicago home price levels based on the S&P Case Shiller indices just barely eclipsing their prior highs in the chart below:

    (CLICK HERE FOR THE CHART!)

    The pandemic has of course been a huge boon for home prices across the country. Below is a look at how much home prices are up versus levels seen in February 2020 just prior to COVID. Prices in Phoenix are up the most post-COVID at 45%, followed by San Diego and Tampa at 35%. Las Vegas, Charlotte, Miami, Dallas, and Seattle have all seen prices rise by 30%+, while the remaining cities are all up between 19% and 27%. Chicago, New York, and DC have seen home prices rise the least, but even these three cities are up ~20% since COVID hit. Like this type of analysis?

    (CLICK HERE FOR THE CHART!)

    Russell 2000 2% Spreads Between Intraday Highs and Lows

    The Russell 2000 tracking ETF (IWM) has been particularly volatile as of late, and as of yesterday's close, there have been seven straight trading days in which there was a 2% spread between the intraday high and low. A streak of seven had not been reached since July 2020 (7/2), and the current streak is tied for the longest since 6/22/2020. During the COVID correction, this streak of 2% intraday ranges actually reached 41 days, which was then followed by two streaks of nine trading days in the spring and summer. While the Russell 2000 is up sharply again today, because it gapped higher, the streak is likely to end at seven trading days unless IWM trades below $221.45 or above $226.64.

    (CLICK HERE FOR THE CHART!)

    IWM has only had a streak of 41 or more three times since IWM began trading in late May of 2000. The longest streak came during the financial crisis from late 2008 through early 2009 when 67 consecutive trading days saw at least a 2% spread between IWM's intraday highs and lows. Although the market currently appears quite volatile, it is hardy unprecedented, and IWM has experienced periods where it has undergone significant volatility for much longer periods than the current streak.

    (CLICK HERE FOR THE CHART!)

    Will Omicron Ruin the Santa Rally?

    Historically, December has been a great month for stocks, but now we have the Omicron variant causing major volatility and uncertainty. Still, we remain optimistic that the new worries will subside over the coming weeks and stocks will finish 2021 on a solid note.

    The Latest on Omicron

    First things first, we are very excited to announce that tomorrow (Tuesday, December 7) we are set to release Outlook 2022: Passing the Baton. This will have all of our views on where we think the economy, stocks, and bonds are headed next year. Because the Outlook is coming out tomorrow, this week's Weekly Market Commentary is shorter than normal, but hopefully just as impactful.

    After 29 consecutive days without a single 1% move higher or lower for the S&P 500 Index, news of Omicron broke the Friday after Thanksgiving and as a result, five consecutive days saw at least a 1% move up or down. Clearly Omicron and the uncertainty it brought with it showed everyone that stocks can't stay calm forever.

    Although we do expect this volatility to continue, it very well could be a buying opportunity. We've been living with COVID-19 for more than 20 months now. We've seen several variants and managed to move forward, and we expect a similar playbook to work once again. Admittedly, we don't know how effective current vaccines are against Omicron, or how transmissible it is, but we do know that the appetite for another nationwide shutdown is quite low and that these questions should be answered over the coming weeks. We remain optimistic that the medical community will quickly create booster shots against the new variant if needed, paving the way for this economic recovery to move forward early next year.

    Will Santa Still Come in 2021?

    December started off a little rocky, but we are still optimistic that the usual December bullish season will take place. For starters, the S&P 500 has gained 1.5% on average during the final month of the year, with only April and November better. But no month is more likely to be higher, with December up close to 75% of time.

    As shown in Figure 1, it turns out that the majority of the gains tend to take place during the second half of the month, so we could see a continued choppy market until we have more clarity over Omicron, which would match the typical strong second half of December action.

    Where things get interesting is after a negative November (like we saw this year), December does even better, up 2.7% on average and higher 19 out of 22 times (86.3%). What about if stocks are having a great year heading into December? You guessed it, the jolliest month of them all does better. We found there were 15 times the S&P 500 was up more than 20% for the year at the end of November and the month of December was up 11 of them with an average return of 1.7%; again, better than the average December return of 1.5%.

    (CLICK HERE FOR THE CHART!)

    Conclusion

    Omicron has put quite the wrinkle in the recent bull market, but stocks are still up more than 20% for the year, so it is good to put things in perspective. After more than a 110% rally from the March 2020 lows, perhaps investors needed a reminder that stocks can't go up forever and that while volatility might be frustrating, it is perfectly normal.

    We aren't minimizing the Omicron uncertainty, but we remain bullish that the recovery is alive and well, with a very healthy consumer and corporate earnings backdrop leading the way. Buckle up though, as big swings on daily news could be here for several more weeks. But in the end, we expect any lost output due to Omicron to simply be pushed out and recovered by early next year.

    STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending December 10th, 2021

    (CLICK HERE FOR THE YOUTUBE VIDEO!)

    STOCK MARKET VIDEO: ShadowTrader Video Weekly 12.12.21

    ([CLICK HERE FOR THE YOUTUBE VIDEO!]())

    (VIDEO NOT YET POSTED.)

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

    • ($PHX $REPX $HEXO $CLSK $ASPU $SEAC $MMMB $RICK $REVG $ABM $TTC $LEN $TCOM $NDSN $HEI $BLBD $ACN $JBL $WOR $FDX $ADBE $SCS $NX $DRI $WGO $DXPE)
    (CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
    (CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

    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 12.13.21 Before Market Open:

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

    (NONE.)

    Monday 12.13.21 After Market Close:

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

    Tuesday 12.14.21 Before Market Open:

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

    Tuesday 12.14.21 After Market Close:

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

    Wednesday 12.15.21 Before Market Open:

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

    Wednesday 12.15.21 After Market Close:

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

    Thursday 12.16.21 Before Market Open:

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

    Thursday 12.16.21 After Market Close:

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

    Friday 12.17.21 Before Market Open:

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

    Friday 12.17.21 After Market Close:

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

    (NONE.)

    (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/StockMarket. :)

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

    Most Anticipated Earnings Releases for the trading week beginning December 13th, 2021

    Posted: 10 Dec 2021 10:36 PM PST

    The Snowball. Before this book was written, Warren Buffett rejected numerous approaches by biographers, journalists, and publishers to cooperate on an account of his life. Here's a few lessons pulled from Alice Schroeder's work.

    Posted: 10 Dec 2021 11:59 AM PST

    FRIDAY RUNDOWN: AMC, GME, ISIG, PPSI, CEI, VSTA

    Posted: 10 Dec 2021 09:05 PM PST

    Last 24 hours based on mentions in reddit.

    Posted: 10 Dec 2021 08:33 PM PST

    Internet Psychology 101

    Posted: 09 Dec 2021 06:56 PM PST

    (12/10) Friday's Pre-Market Stock Movers & News

    Posted: 10 Dec 2021 05:02 AM PST

    Good Friday morning traders and investors of the r/StockMarket sub! Welcome to the final trading day of this week. Here are your pre-market movers & news this AM-

    Stock futures are positive ahead of key inflation report

    Stock futures rose Friday as investors braced for an inflation report that is expected to show prices at their highest level in nearly 40 years.

    Futures contracts tied to the Dow Jones Industrial Average rose 85 points, or 0.3%. S&P 500 futures rose 0.2% and Nasdaq 100 futures added 0.2%.

    Markets expect a high inflation reading, which could lead the Federal Reserve to hasten the taper of its $120-billion monthly bond-buying program. Economists surveyed by Dow Jones expect a 0.7% gain for the month of November, which would translate to a year-over-year growth rate of 6.7%. If that is the case, it will mark the biggest move since June 1982.

    Oracle shares soared, gaining more than 11% premarket, a day after beating earnings on the top and bottom lines.

    Southwest Airlines dropped 2.5% in premarket trading following another downgrade on Wall Street, this time from Goldman Sachs. The industry has been deemed susceptible to inflation risk, and Alaska Air Group also was off Friday, falling 2.7%.

    Interactive fitness company Peloton added to its woes, dropping 2.7% premarket after tumbling 11.3% on Thursday. Credit Suisse cut its view on the company, saying a return to gyms and shifts in consumer spending will weigh on profitability.

    The moves came after the major averages ended the regular trading session lower, each snapping a three-day win streak. The Dow, moved less than a point lower, finishing at the flatline. The S&P 500 fell 0.7% and the tech-heavy Nasdaq Composite lost 1.7%. Nevertheless, all are on track to finish the week higher.

    Jobless claims data released on Thursday showed the labor market recovery remains strong. The Labor Department reported initial claims for unemployment insurance totaled 184,000, below the 211,000 estimated by economists surveyed by Dow Jones and the lowest reading since 1969.

    Trading was largely muted as investors await more data from the Labor Department, which will release the November consumer price index on Friday. It was the market's second day of pause, following the two-day market rally earlier this week as they turned their attention to the economic data instead.

    The University of Michigan is also set to release consumer sentiment data on Friday, which AXS Investments CEO Greg Bassuk said he's also following closely as it appears at odds with inflation levels.

    "Sentiment seems to be really at lows, yet consumer shopping and retail strength seems to be quite strong, so there's a mismatch there," he said. "We think the proof is really at the cash register. As long as we're seeing strong consumer shopping, employers continuing to bring people back to work, bigger picture we remain much more bullish moving toward the end of the year."

    STOCK FUTURES CURRENTLY:

    (CLICK HERE FOR STOCK FUTURES CHARTS!)

    YESTERDAY'S MARKET MAP:

    (CLICK HERE FOR YESTERDAY'S MARKET MAP!)

    TODAY'S MARKET MAP:

    (CLICK HERE FOR TODAY'S MARKET MAP!)

    YESTERDAY'S S&P SECTORS:

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

    TODAY'S S&P SECTORS:

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

    TODAY'S ECONOMIC CALENDAR:

    (CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

    NEXT WEEK'S ECONOMIC CALENDAR:

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

    NEXT WEEK'S UPCOMING IPO'S:

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

    NEXT WEEK'S EARNINGS CALENDAR:

    ([CLICK HERE FOR NEXT WEEK'S EARNINGS CALENDAR!]())

    (T.B.A. THIS WEEKEND.)

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    (N/A.)

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

    EARNINGS RELEASES BEFORE THE OPEN TODAY:

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

    EARNINGS RELEASES AFTER THE CLOSE TODAY:

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

    (NONE.)

    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)

    YESTERDAY'S INSIDER TRADING FILINGS:

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

    TODAY'S DIVIDEND CALENDAR:

    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)

    THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

    • CNTX
    • COVAL.X
    • AI
    • TSLA
    • CHWY
    • ORCL
    • LULU
    • COST

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Chewy (CHWY) – The online pet products retailer's stock tumbled 10% in the premarket after it reported a wider-than-expected quarterly loss. Sales were in line with Street forecasts, but profit was impacted by higher costs for labor and supply chain issues.

    STOCK SYMBOL: CHWY

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Lululemon (LULU) – The athletic apparel maker reported adjusted quarterly profit of $1.62 per share, 21 cents above estimates, with revenue slightly above forecasts as well. However, Lululemon also warned that new Covid-19 variants could impact demand for "athleisure" clothing if virus concerns lead to temporary store closures and further supply chain issues. The stock slid 1.5% in premarket action.

    STOCK SYMBOL: LULU

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Broadcom (AVGO) – The chip maker's shares rallied nearly 7% in premarket trading after it beat Street forecasts on the top and bottom lines for its latest quarter. Broadcom earned an adjusted $7.81 per share, 7 cents above estimates, and also issued an upbeat forecast on continued high demand from its cloud computing customers.

    STOCK SYMBOL: AVGO

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Costco (COST) – The warehouse retailer earned $2.98 per share for its latest quarter, compared with a consensus estimate of $2.64, with revenue topping Street forecasts as well. The beat came despite higher costs and supply chain issues that Costco said it was able to largely mitigate. Costco rose 1.8% in the premarket.

    STOCK SYMBOL: COST

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Oracle (ORCL) – Oracle shares surged 12% in the premarket, after quarterly sales and revenue beat estimates and the business software company announced a $10 billion increase in its share repurchase program. Oracle earned an adjusted $1.21 per share, 10 cents above estimates, with particular strength for its cloud infrastructure business.

    STOCK SYMBOL: ORCL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Beyond Meat (BYND) – Restaurant chain Taco Bell dropped plans to test Beyond Meat's plant-based version of carne asada, according to a Bloomberg report. Taco Bell is said to have been dissatisfied with samples it received in October, although the companies continue to work together on new products. Beyond Meat slipped 1.6% in premarket trading.

    STOCK SYMBOL: BYND

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    C3Ai (AI) – The artificial intelligence software company's stock soared 20% in the premarket after it won a $500 million contract from the U.S. Department of Defense for its suite of AI products.

    STOCK SYMBOL: AI

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    American Outdoor Brands (AOUT) – The outdoor products maker reported adjusted quarterly profit of 58 cents per share, well below the 76 cent consensus estimate, with revenue also falling short of analyst forecasts. The company said sales slowed due to a shift in customer purchase timing into the prior quarter to lessen supply chain concerns. American Outdoor shares plummeted 19% in premarket action.

    STOCK SYMBOL: AOUT

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Vail Resorts (MTN) – The resort operator lost $3.44 per share for its latest quarter, smaller than the loss of $3.62 that analysts had anticipated, thanks to a jump in season pass sales. However, revenue was below estimates.

    STOCK SYMBOL: MTN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Peloton (PTON) – The fitness equipment maker's shares lost 3.5% in the premarket after Credit Suisse downgraded the stock to "neutral" from "outperform". The firm noted a number of headwinds for Peloton, including a return to out-of-home fitness and a shift in consumer spending.

    STOCK SYMBOL: PTON

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    AMC Entertainment (AMC) – The movie theater operator's shares slid 1% in premarket trading, after SEC filings showed a sale of 312,500 shares by CEO Adam Aron and a sale of 18,000 shares by CFO Sean Goodman. Aron had indicated in November that he would soon begin selling shares as part of estate planning.

    STOCK SYMBOL: AMC

    (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 Friday, December 10th, 2021! :)

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

    Morning Update for Friday, 12/10/21

    Posted: 10 Dec 2021 05:47 AM PST

    Good morning everyone. Have a nice Friday, and enjoy your weekend :)

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

    Main Watchlist:

    Gapping UP:

    • AVGO
    • ORCL
    • MARA
    • MP
    • AI
    • ISIG

    Gapping DOWN:

    • MRNA
    • EVBG
    • LUV
    • BYND
    • CHWY
    • PTON

    Momentum Watchlist:

    • AVCT (+22%)
    • ABUS (+6%)
    • EFOI (+26%)
    • INFI (+4%)
    • BHG (+3%)

    Market Outlook:

    Stocks are looking to open a bit higher after we saw some choppiness in the market yesterday. The major indices tested resistance levels before selling off, and I'll be watching those resistance levels closely in today's trading. The Labor Department is set to release the Consumer Price Index (CPI) for November, which is expected to show a climb of 6.8% over last year. This would be the highest rate since the 80's. We could see a shift in monetary policy from the Fed in early 2022 if inflation continues to rise like it is.

    SPY is trading just under 468. I'll be watching 469 and 470 as resistance levels this morning. If we fail to get back above these resistance levels we could see some more choppiness. If we see weakness, I'll watch 467 as potential support. DIA is trading a bit over 359. I'll be watching 360 as resistance. QQQ is trading just under 396. After rejecting 400 as resistance in yesterday's trading, I'll be watching that level today. If we see weakness, I'll be watching 394 as potential support. Gold and silver are each down a bit this morning. Crude oil is trading slightly higher, still holding above the $70 level. Bitcoin is trading around 49,900, seeing a nice bounce after yesterday's trading. It seems to still be finding support after the sell-off this past weekend. Ethereum is trading just over 4,200. After bouncing off the 4,000 support level earlier this morning, we could be due for some more upwards movement. Ethereum has been showing strength relative to Bitcoin lately, which is worth following. Crypto-related stocks are up in premarket trading as a result. Airlines and cruise stocks are somewhat mixed due to the uncertainty surrounding the omicron variant.

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

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

    The time to grab some GRAB is now

    Posted: 10 Dec 2021 11:55 AM PST

    This stock has over 50% short interest and has been climbing since coming public threw a SPAC on Dec 2. It is a Mega App in Asia, a tech Co that does it all. It is Uber, DoorDash, Paypal, Sofi, UPS, and more all in one. IT's does Transportation,Food Delivery, Grocery delivery,Parcel delivery, E-Commerce, Online Payments and Financial Services in Singapore, Malaysia, Thailand, Vietnam, Cambodia, Indonesia. Myanmar, and the Philippines. The stock is cut in half since its Listing on Dec 2. Its time to do a GAMESTOP on These MFing short hedges. This Co is Listed on Fortunes 50 Change The World List for addressing Social Issues during the Pandemic, It #2 on CNBC's Disruptor 50, This co helps the unbanked and underbanked by simplifying financial services in these in these countries.

    JP Morgan initiated coverage Dec 6 with an overweight rating.

    It is making a difference in these developing countries

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

    The US government is asking Tesla why it lets people play video games while driving

    Posted: 09 Dec 2021 11:33 PM PST

    Tesla Under Fire For Allowing Drivers To Play Games While Driving

    Posted: 09 Dec 2021 04:07 PM PST
    Read more
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