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    Thursday, February 10, 2022

    Home Unlabelled Stock Market - Always have a long term vision!!

    Stock Market - Always have a long term vision!!

    February 10, 2022

    Stock Market - Always have a long term vision!!

    Always have a long term vision!!

    Posted: 09 Feb 2022 08:18 PM PST

    Just going to leave this here.. XRT short interest at insane levels right now

    Posted: 09 Feb 2022 05:35 PM PST

    Market Close Feb 9 - 74% gainers

    Posted: 09 Feb 2022 01:09 PM PST

    Apple increases benefits for full and part-time workers

    Posted: 09 Feb 2022 04:46 AM PST

    Apple is pumping up benefits for workers at its stores as hiring and retaining them become harder. Both the tighter labor market and ongoing pandemic are driving the decision by the iPhone maker, which has about 270 retail stores in the U.S.

    Changes to benefits include:

    • Doubling the number of sick days for full- and part-time workers and allowing them to be used for mental health and family caregiving.
    • Increasing vacation time (beginning at 3 years instead of 5)
    • Extending paid parental leave to part-time workers and giving them access to backup emergency care

    A bit of a shame that it takes a pandemic and massive exodus of talent to get big US companies to shift a little bit closer to the benefits offered to employees in most other developed countries.

    Full non-paywalled article: Verge

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

    White House vaccine advocate held on to vaccine maker stock months into tenure

    Posted: 09 Feb 2022 02:00 PM PST

    What happened to proof reading?

    Posted: 08 Feb 2022 05:59 PM PST

    Daily Market Recap - Wednesday, February 9, 2022. Enjoy!

    Posted: 09 Feb 2022 02:28 PM PST

    PsychoMarket Recap - Wednesday, February 9, 2022

    Stocks advanced on Wednesday, extending yesterday's gain as investors continue to digest new corporate earnings and look ahead to tomorrow's crucial CPI report, which is expected to show the fastest pace of inflation since 1982. Technology stocks outperformed given the 10-year Treasury yield paused after running up to the highest level since November 2019 yesterday.

    Markets Today

    • S&P 500 (SPY): +1.42%
    • Nasdaq (QQQ): +2.12%
    • Dow Jones (DIA): +0.85%
    • Russell 2000 (IWM): +1.91%
    • Volatility Index (VIX): -6.81%
    • Microsoft (MSFT): +2.18%
    • NVIDIA (NVDA): +6.36%
    • Shopify (SHOP): +5.35%
    • .Disney (DIS): +8.75% after-hours
    • Twilio (TWLO): +26.25% after-hours
    • iRobot (IRBT): -11.34% after-hours
    • Uber (UBER): +6.50%
    • New Relic NEWR): -28.80%

    Despite recent volatility and Meta Platforms (FB) post-earnings collapse, this earning season has otherwise been positive and has brought relief to the market after a bloody January, with the S&P 500 (SPY) pacing towards a third straight week of gains.

    Aggregate S&P 500 earnings per share (EPS) are currently exceeding consensus expectations by 6% so far for the latest quarter, according to Bank of America's update Tuesday. S&P 500 earnings are tracking toward a growth rate of well over 20% on a year-over-year basis.

    Jack Manley, global market strategist at JP Morgan Asset Management, said "Right now what people are looking for in the markets is earnings, because we know moving through 2022 that earnings are going to come under pressure as margins contract and as the economy slows down. It's why we're concerned about things like rising interest rates, ... elevated inflation prints, [and] a policy misstep this year. The what we're going to be able to avoid any of those potential pitfalls is through earnings."

    Still, concerns around inflation and the Federal Reserve's next monetary policy decision continue to give market participants anxiety, given the Fed has signaled it plans the first of many interest rate hikes in March. Tomorrow we are getting the Consumer Price Index, which is expected to see prices jump a staggering 7.3% year-over-year, the fastest pace since 1982, and yet another increase from December's 7.0% rise. Excluding more volatile food and energy prices, CPI is expected to rise by 5.9% on an annual basis, which would also represent the biggest jump since 1982.

    Highlights

    • Shares of Disney (DIS) gapped up after-hours after the company reports record revenues and vastly outperforming expectations for subscriber count in Disney+. Here are the numbers:
      • Earnings per share: $1.06 adj. vs 63 cents expected
      • Revenue: $21.82 billion vs $20.91 billion expected, according to Refinitiv
      • Disney+ total subscriptions: 129.8 million vs 125.75 million expected, according to StreetAccount
    • Shares of Meta Platforms (FB) finished green for the first time after falling by 32% in total over the prior four sessions after reporting weak earnings and lowering guidance.
    • Wholesale inventories rose 2.2% in December compared to November, coming in above the 2.1% rise previously reported for the month, the Commerce Department said Wednesday. Inventories serve as an input to gross domestic product (GDP), which was reported as having risen at a 6.9% annualized rate in the fourth quarter of 2021, according to the first estimate released in late January.
    • The Mortgage Bankers Association's weekly mortgage market composite index dropped by 8.1% during the week ended Feb. 4, following a rise of 12.0% during the previous week. Refinances fell 7% on a week-over-week basis, and more than halved compared to the comparable week a year ago. Purchases also dipped 10% on a week-over-week basis, seasonally adjusted. Unadjusted, purchases were down 12% versus the same period last year.
    • Production at Tesla's (TSLA) Berlin factory is reportedly scheduled to start mid-March, pending regulatory approval from local authorities.
    • Microsoft announced on Wednesday that it would implement a new set of principles for its app store -- including open access to developers who meet privacy and security standards. Will be interesting how this affects Apple (AAPL) and Alphabet (GOOG).
    • Tesla Inc is recalling 26,681 vehicles in the United States because a software error may result in windshield defrosting problems, the National Highway Traffic Safety Administration (NHTSA) said Wednesday.

    • Tech executive Barry McCarthy, who has previously held roles in Netflix (NFLX) and Spotify (SPOT), will be taking over as Peloton (PTON) CEO after the former CEO stepped down.

      "Don't judge each day by the harvest you reap but by the seeds that you plant." -Robert Louis Stevenson"

    submitted by /u/psychotrader00
    [link] [comments]

    Stock exchanges with largest market cap

    Posted: 10 Feb 2022 02:15 AM PST

    Following Congressional trades could be a real investing strategy

    Posted: 09 Feb 2022 09:27 AM PST

    Is Now the Time for Growth Investors to Buy Renewables Stocks?

    Posted: 10 Feb 2022 12:26 AM PST

    The planet is undertaking a major shift in how it generates and utilizes energy. The move towards renewables and away from carbon-based fuels is a great thing. For renewables stocks, this has proven to be the case in recent years. Growth investors have sought out renewables as a way to diversify their portfolios into energy.

    However, this broad de-risking of equity markets has hit renewables stocks hard. Soaring energy prices in the conventional non-renewables market has made these companies' counterparts more attractive. However, one could also argue that rising energy prices is bullish for renewables stocks, as it makes these companies' offerings more competitive.

    For those taking a bullish stance on renewable energy, here are two of my top stocks to consider right now.

    Full article - HERE

    submitted by /u/TradingGroup101
    [link] [comments]

    Market Close Feb 8 - Energy and Biotech take a hit

    Posted: 08 Feb 2022 01:00 PM PST

    Here's Your Daily Market Brief For February 9th

    Posted: 09 Feb 2022 05:09 AM PST

    📰 Top News

    US stock futures inched higher Wednesday morning trading as investors prepared for another round of corporate earnings.

    US govt shutdown averted - again - The US House passed a temporary funding bill that would prevent a government shutdown later this month. Note: The Bill keeps the government running at current levels through March 11th, giving lawmakers enough time to craft a long-term spending plan.

    Omicron subvariant will spread globally- The World Health Organization says the Omicron subvariant BA.2 is more transmissible than the currently dominant version of Omicron and will likely become more common. Note: Maria Van Kerkhove, the WHO's technical lead said the agency is currently tracking four different versions of Omicron.

    US President acknowledges Tesla EV leadership - US President Joe Biden acknowledged Tesla for the first time in his presidency, noting the company's status as the nation's largest producer of electric vehicles. Note: White House aides have said Biden's antipathy towards Tesla stems from his belief that the company is anti-union.

    🎯 Price Target Updates

    JP Morgan downgrades Big Lots. BIG downgraded to UNDERWEIGHT from NEUTRAL - PT $31 (from $54)

    Daiwa Securities downgrades Advanced Micro Devices. AMD upgraded to BUY from OUTPERFORM - PT $150 (from $140)

    RBC Capital upgrades Thomson Reuters. TRI upgraded to OUTPERFORM from SECTOR PERFORM - PT $120 (from $124)

    📻 In Other News

    Peloton changes gears - Peloton announced that it is replacing its CEO and founder John Foley and slashing roughly 20% of its corporate workforce as it hopes to reset its business for growth post-pandemic. Note: Foley is being replaced by Barry McCarthy who has served as the chief financial officer of both Spotify and Netflix.

    Tap and Pay with Apple - Apple announced that it will release a new "Tap to Pay" feature for the iPhone that allows people to buy goods from merchants in the US by tapping their phones together. Note: The service, currently limited to the US, will use the iPhone's NFC chip and will also accept Visa, Mastercard, American Express and Discover.

    TikTok is sharing your data - a lot - TikTok shares user data more than any other social media app according to a study conducted by mobile marketing company, URL Genius. Note: TikTok has been the subject of criticism in the past over how the company collects and uses data and was almost banned from the US market by former President Donald Trump.

    📅 This Week's Key Economic Calendar

    Wednesday: Wholesale Inventories M-o-M (Dec F), Fed's Mester Speaks on Economic Policy and Outlook

    Thursday: CPI Y-o-Y (Jan), Initial Jobless Claims (wk end 5-Feb)

    Friday: U. of Michigan Sentiment (Feb P), U. of Michigan 1 Yr Inflation (Feb P)

    📔 Snippet of the Day

    Quote of the day: "It's easier to stimulate asset prices than it is to stimulate and economy" - Terry Smith.

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

    (2/9) Wednesday's Pre-Market Stock Movers & News

    Posted: 09 Feb 2022 05:48 AM PST

    Good morning traders and investors of the r/StockMarket sub! Welcome to Wednesday! Here are your pre-market stock movers & news on this Wednesday, February the 9th, 2022-

    Stock futures rise ahead of more big earnings reports

    U.S. stock futures rose in early morning trading on Wednesday as investors digested another batch of corporate earnings and tech shares looked to build on their rebound.

    Dow futures rose 216 points, or 0.6%. S&P 500 futures gained 0.9% and Nasdaq 100 futures rose 1.3%.

    Chipotle rose more than 6% in after-hours trading on the back of its strong earnings, while Lyft tumbled nearly 4% after announcing it had fewer active riders than in the prior quarter.

    Solar stock Enphase Energy surged 20% in premarket trading after the company beat estimates on the top and bottom lines for the fourth quarter and delivered upbeat guidance.

    Tech stocks appeared poise to outperform on Wednesday, with chipmaker Advanced Micro Devices rising more than 1% after an upgrade from Daiwa Capital Markets. The Nasdaq Composite has gained more than 6% from its recent low on Jan. 27.

    Bond yields cooled off Wednesday amid a dramatic surge in 2022. The benchmark 10-year Treasury note most recently yielded 1.93% after touching 1.97% on Tuesday. .

    Mortgage applications dropped 10% week over week, however, as the rise in interest rates in recent months appears to have dampened demand among homebuyers.

    Yields have risen this year in part because of a more aggressive stance from the Federal Reserve. Atlanta Fed President Raphael Bostic told CNBC on Wednesday that three rate hikes are possible this year but that the central bank is not locked in to any path and will watch how the economy responds.

    Elsewhere, Peloton continued its rebound, rising more than 4% premarket the day after the company announced a restructuring plan that will include layoffs and the removal of its CEO. Despite a bumpy road, shares of the interactive fitness company are now positive year to date after soaring more than 25% in Tuesday trading.

    On Tuesday, the Dow Jones Industrial Average added more than 370 points, helped by a 7.8% pop in Amgen on the back of its strong earnings report. The S&P 500 also registered a gain, climbing 0.8%. The technology-focused Nasdaq Composite rose 1.3%.

    A handful of strong corporate earnings boosted sentiment on Tuesday, after a slow start to the week. Harley-Davidson, Chegg, DuPont and Centene all rose after reporting better-than-expected earnings.

    As of the closing bell on Tuesday, nearly 60% of all S&P 500 companies have reported fourth-quarter earnings and roughly 77% have topped Wall Street's earnings estimates, according to FactSet.

    "We are wrapping up a very solid earnings season," said Ryan Detrick of LPL Financial. "Sure, we had a high-profile blowup at Facebook, but overall we've seen impressive news from corporate America."

    Disney, Mattel, MGM Resorts and Uber Technologies will release results after the bell on Wednesday.

    Investors are also preparing for Thursday's Consumer Price Index report, which will give an update on the inflation picture. The Fed has already signaled a monetary policy pivot in order to address the historically high price increases.

    The CPI report "has had a big bullseye on it all week and the truth is that headline number will likely be one of the highest we've ever seen," Detrick said. "Now the good news is we are likely close to a major peak in inflation and this number very well could be the peak. We've seen some improvements in supply chains lately and this is the first clue we are nearing a peak in inflation as well."

    The inflation data is estimated to show that prices rose 0.4% in January, for a 7.2% gain from one year ago, according to Dow Jones.

    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!)

    THIS WEEK'S ECONOMIC CALENDAR:

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

    THIS WEEK'S UPCOMING IPO'S:

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

    THIS WEEK'S EARNINGS CALENDAR:

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

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    (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 LINK #1!)
    (CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)

    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!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #4!)

    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!)

    THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

    • ENPH
    • DIS
    • CGC
    • DCFC
    • LYFT
    • APPS
    • CVS
    • UBER
    • PTON

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Peloton (PTON) – Peloton added 1% in premarket trading after surging more than 20% in each of the past two sessions. Yesterday's gains came after the fitness equipment maker announced that CEO John Foley was stepping down in favor of former Spotify and Netflix CFO Barry McCarthy and that the company would be cutting 20% of its corporate positions.

    STOCK SYMBOL: PTON

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Canopy Growth (CGC) – The Canada-based cannabis producer's stock rallied 6% in the premarket after it reported a narrower-than-anticipated loss as well as better-than-expected revenue for its latest quarter. Cannabis sales declined but were offset by growth in its drinks and vapes categories.

    STOCK SYMBOL: CGC

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Reynolds Consumer Products (REYN) – Reynolds shares fell 1.8% in premarket trading after the consumer products company reported a mixed quarter: beating bottom-line estimates but reporting revenue that fell short of Wall Street forecasts. Reynolds also forecast weaker-than-expected revenue for the current quarter.

    STOCK SYMBOL: REYN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Chipotle Mexican Grill (CMG) – Chipotle reported an adjusted quarterly profit of $5.58 per share, beating the $5.25 consensus estimate, with revenue in line with analyst forecasts. The restaurant chain said it was raising menu prices to deal with higher costs for labor and food, and said they would likely be raised again this year. Chipotle jumped 6.1% in the premarket.

    STOCK SYMBOL: CMG

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Lyft (LYFT) – Lyft earned an adjusted 9 cents per share for its latest quarter, 1 cent above estimates, with the ride-hailing service also reporting better-than-expected revenue. The stock fell 3.7% in the premarket as ridership numbers came in below analyst forecasts, although that was offset by higher fares and longer trips by Lyft customers.

    STOCK SYMBOL: LYFT

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Nikola (NKLA) – Nikola denied a report that it instituted a hiring freeze and that the electric truck maker has lost nearly its entire supply chain leadership. Nikola said its supply chain department is "intact" and it continues to hire. The stock added 1.4% in premarket trading.

    STOCK SYMBOL: NKLA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Xpeng (XPEV) – Xpeng leaped 6.8% in the premarket after the electric vehicle maker's Hong Kong shares were included in a trading link to mainland China. Inclusion in the Shenzhen-Hong Kong Stock Connect link allows Chinese investors easier access to those shares.

    STOCK SYMBOL: XPEV

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Enphase Energy (ENPH) – Enphase surged 20.3% in premarket action following a better-than-expected quarterly report from the maker of solar and battery systems. Enphase earned an adjusted 73 cents per share for the quarter, beating the 58-cent consensus estimate.

    STOCK SYMBOL: ENPH

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    XPO Logistics (XPO) – The logistics company's shares jumped 3.4% in the premarket after its quarterly results exceeded analyst forecasts. XPO said strong North American trucking business was among the factors driving those results.

    STOCK SYMBOL: XPO

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Container Store (TCS) – The specialty retailer's shares tumbled 26% in the premarket despite better-than-expected profit and sales for the company's most recent quarter. Overall sales were down 3% from a year ago and online sales tumbled by 36% compared with a year earlier.

    STOCK SYMBOL: TCS

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    NCR (NCR) – The financial technology and services company's stock soared 11.3% in premarket trading after it said it would conduct a strategic review of its operations, adding that it believes there is substantial shareholder value yet to be unlocked.

    STOCK SYMBOL: NCR

    (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, February 9th, 2022! :)

    submitted by /u/bigbear0083
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    Could this be a good place to make some money. These are less than $.70 a share.

    Posted: 09 Feb 2022 09:11 PM PST

    Morning Update for Wednesday, 2/9/22

    Posted: 09 Feb 2022 06:17 AM PST

    Good morning everyone.

    These posts are for informational purposes only. I am not a financial advisor.

    Main Watchlist:

    Gapping UP:

    • AMD
    • XPEV
    • NIO
    • MARA
    • ENPH
    • DOCS
    • ECOL

    Gapping DOWN:

    • LYFT
    • CVS
    • NEWR
    • BIG

    Momentum Watchlist:

    • CGC
    • BFRA

    Not much looking great for the momentum list at the moment.

    Market Outlook:

    Stocks are looking to open higher this morning, continuing their strength from yesterday. We are continuing to see strong earnings for the most part, which has fueled this rebound. We'll be getting data on the CPI tomorrow, which will indicate where inflation levels are at. There is still a lot of uncertainty regarding financial policy and how interest rates will be adjusted over the course of 2022; I don't think the volatility is over yet. Also worth noting that mortgage rates are continuing to climb higher (30-year fixed rate climbing above 3.8%). US household debt jumped by $1 trillion in 2021, which was the most since 2007. All things seem to be pointing towards a crash of sorts, in my opinion. I'll be adding to short positions today, as I'm still bearish. Giving my puts plenty of time though, as it could be a slow melt.

    S&P Futures are up ~90 basis points, Dow Futures are up ~70 basis points, and Nasdaq Futures are up ~1.3%. Gold and silver are seeing continued strength; I'm still bullish here. Crude oil is continuing its pullback after dropping back below the $90 level. Energy stocks are somewhat mixed at the moment; solar-related stocks are seeing relative strength this morning. Semiconductor stocks are seeing nice strength in premarket and worth keeping an eye on over the next few days. Chinese stocks are trading higher in premarket, with the EV stocks in particular seeing strength. Airlines and cruise stocks are seeing continued strength and the charts are starting to look more bullish. They could be testing resistance levels over the next few days, worth watching as well.

    The crypto market is trading relatively flat at the moment, looking to build on the recent strength. Bitcoin is currently trading around 44,100. I'll be watching the 45,500-46,000 level as potential resistance once again. Relevant support at around 42,000. Ethereum is trading a bit under 3,200. Crypto-related stocks are up in premarket trading.

    Remember to use proper risk management; size appropriately for your account and have a plan for every trade you enter. Happy trading everyone :)

    submitted by /u/vanturetrading
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    Here is a Market Recap for today Tuesday, Feb 8, 2022

    Posted: 08 Feb 2022 03:58 PM PST

    PsychoMarket Recap - Tuesday, February 8, 2022

    Stocks reversed from yesterday to close higher, as market participants continue to digest corporate earning reports and look ahead to the release of the consumer price index, due Thursday. Notably, tech stocks and small caps rose despite the 10-year Treasury yield hitting 1.95%, the highest level in over two years.

    Markets Today

    • S&P 500 (SPY): +0.82%
    • Nasdaq (QQQ): +1.12%
    • Dow Jones (DIA): +1.04%
    • Russell 2000 (IWM): +1.71%
    • Volatility Index (VIX): -6.21%
    • Amazon (AMZN): +2.20%
    • Chipotle (CMG): +6.50% after-hours
    • Enphase Energy (ENPH): +15.75%
    • Corsair Gaming (CRSR): -4.5%
    • Peloton (PTON): +25%
    • Lyft (LYFT): -6%
    • NovaVax (NVAX): -11.92%

    Heading into this week, just over half of S&P 500 companies had reported actual quarterly earnings results. The expected growth rate for aggregate S&P 500 earnings stood at 29.2%, according to data from FactSet on Friday. If maintained for the next several weeks of the earnings season, this would mark the fourth straight quarter that earnings grow by more than 25%. So far, according to FactSet, companies in the S&P 500 are generating 12.4% net profits, higher than the pre-pandemic peak of 12.0 percent in the third quarter of 2018, though below Q1-Q3 2021's range of 12.8-13.1%.

    Seema Shah, Chief Strategist at Principal Global Advisors, said "What we're seeing from here on is a more sustainable pace of growth. ou'll still see consumers, which are very resilient backed up by excess savings, supply chain normalizations for a boost of inventories and production, and you have corporate balance sheets which are still very, very strong."

    Looking ahead, the Bureau of Labor Statistics is due to release January's consumer price index (CPI), a key metric to determine the next moves by the Fed to fight inflation. Consensus economists are expecting a rise of 7.2% year-over-year for January, the fastest rise since 1982.

    Such a result proves the US economy has recovered enough from the pandemic-induced recession and is now running too hot. This would warrant an aggressive pivot by the Fed, which has already indicated it expects to raise interest rates in March.

    Highlights

    • Peloton (PTON) stock surged after the company reported earnings and disclosed the CEO was stepping down and it was laying off roughly 2,800 employees.
    • Microsoft Corp. (MSFT) is weighing the potential purchase of cybersecurity research and incident response company Mandiant Inc. (MNDT), Bloomberg News reported, citing a person familiar with the discussions.
    • Shares of Pfizer (PFE) fell after the company missed earnings estimates and projected lower sales for 2022 than originally expected.
    • Aluminum prices hit their highest level since 2008, closing in on a record, according to Bloomberg data.
    • Australia's Mineral Resources Ltd. said it has signed a non-binding letter agreement with Albemarle Corp. to look at changes to, and ways to expand, the mining companies' partnership.
    • After the failed NVIDIA acquisition, Softbank announced it was planning to list Arm on the New York Stock Exchange.
    • Spotify (SPOT) has fallen right back to IPO prices four years after listing on the market.
    • Swedish price comparison firm PriceRunner is suing Google for roughly $2.4 billion alleging anti-competitive practices. PriceRunner CEO Mikael Lindahl said, "They are still abusing the market to a very high extent and haven't changed basically anything."
    • European regulators are calling for increased regulation in digital finances. "Digital finance has unlocked new synergies between financial and non-financial activities that potentially introduce systemic risk into the market for financial services," a joint report from the EU's banking, insurance and markets watchdogs said.

    "The future belongs to those who believe in the beauty of their dreams." -Eleanor Roosevelt

    submitted by /u/psychotrader00
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    Sony Ex-VP Dr. Kenji Kitatani to Join Innocan Pharma's Advisory Committee

    Posted: 08 Feb 2022 07:32 PM PST

    (2/8) Tuesday's Pre-Market Stock Movers & News

    Posted: 08 Feb 2022 05:41 AM PST

    Good morning traders and investors of the r/StockMarket sub! Welcome to Tuesday! Here are your pre-market stock movers & news on this Tuesday, February the 8th, 2022-

    Stock futures inch higher after S&P, Nasdaq fall to start the week

    U.S. stock index futures were mixed in morning trading Tuesday as the market awaits key inflation data later this week.

    Futures contracts tied to the Dow Jones Industrial Average was little changed. S&P 500 and Nasdaq 100 futures both edged lower.

    In early news, Peloton shares fell 2.8% premarket after the interactive fitness company said it will slash 2,800 jobs in a restructuring effort that will see CEO John Foley step down and transition to executive chair.

    The company will report earnings Tuesday after the market closes and during what's been a turbulent time for the company. The stock surged 20.9% on Monday following reports the company could be a takeover target.

    Elsewhere, Harley Davidson jumped 6% after the company reported a surprise profit for the fourth quarter.

    Also, Pfizer shares tumbled 4% after the drugmaker's fourth-quarter revenue came in lower than Wall Street analysts expected. The company's full-year earnings guidance also disappointed.

    Shares of Snap fell 3.5% after the social media company announced a new debt offering.

    On the economic calendar, investors will get a look at December's trade balance, with a Dow Jones survey pointing to an $82.8 billion shortfall, which would be a record.

    Wall Street is on edge watching how the Federal Reserve will react to the intensifying price pressures. Bank of America on Monday reiterated its call for the Fed to hike rates 1.75 percentage points, or seven times, this year in an effort to head off inflation pressures which have been accelerated by rising rages.

    Treasury yields hit fresh pandemic-era highs Monday and rose again Tuesday. The benchmark 10-year Treasury note most recently yielded 1.93%, a level not seen since January 2020.

    During trading on Monday the S&P 500 slid 0.37%, while the Nasdaq Composite shed 0.58%. Both traded higher earlier in the day, before reversing course during the final hour of trading. Each index managed to close above its worst level of the session, however.

    The Dow Jones Industrial finished Monday's trading session just 1 point higher. At one point the 30-stock benchmark had added 235 points. At the lows of the day, the Dow declined by about 95 points.

    "U.S. stocks will struggle for direction until the latest inflation tilts market's expectations as to how aggressive the Fed will tighten into what is still deemed as an overvalued stock market," said Oanda's Edward Moya.

    On Thursday the Labor Department will release January's consumer price index data. The reading follows a stronger-than-expected January jobs report, which has led to speculation that the Federal Reserve could be more aggressive when it comes to hiking rates. The inflation data is expected to show that prices rose 0.4% in January, for a 7.2% gain from one year ago, which would be the highest in almost 40 years.

    "The tumultuous market action continues as the combination of Fed policy uncertainty and economic transition remains in focus," Canaccord Genuity said Monday in a note to clients.

    "Unfortunately, this is the environment we are going to be in for a while as the monetary and economic mid-cycle transition unfolds."

    Communications services was the worst-performing S&P 500 sector on Monday, declining 2.2% amid a 5% dip for shares of Facebook-parent Meta. Shares of the social media giant are down 28% this month following the company's disappointing earnings report.

    Google-parent Alphabet slid 2.9%, while Twitter, Match Group and Netflix all shed roughly 2%.

    "Technology stocks are no longer a one-way trade as investors cut losses and now focus on valuations, competition, and long-term outlooks," added Oanda's Moya.

    Earnings season continues Tuesday with Pfizer, Harley-Davidson, Lyft, Chipotle and Yum China among the names set to post quarterly results.

    As of Monday afternoon, 281 S&P 500 components have reported, with 78% exceeding earnings estimates and 77% topping revenue expectations, according to FactSet.

    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!)

    THIS WEEK'S ECONOMIC CALENDAR:

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

    THIS WEEK'S UPCOMING IPO'S:

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

    THIS WEEK'S EARNINGS CALENDAR:

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

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    (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 LINK #1!)
    (CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)

    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!)

    THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

    • PTON
    • PFE
    • CFVI
    • ATOM
    • KPTI
    • APPS
    • SNAP
    • NVAX
    • VLDR

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Peloton (PTON) – Peloton CEO John Foley will be stepping down. The fitness equipment maker will also slash about 2,800 jobs or about 20% of its corporate staff and also cut $800 million in annual costs. Foley's replacement will be former Spotify and Netflix CFO Barry McCarthy. Peloton tumbled 8.4% in premarket trading.

    STOCK SYMBOL: PTON

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Novavax (NVAX) – Novavax sank 6.7% in the premarket after Reuters reported that the drugmaker has delivered only a small fraction of the 2 billion Covid-19 vaccine doses it had planned to send around the world.

    STOCK SYMBOL: NVAX

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Pfizer (PFE) – Pfizer shares fell 3.8% in the premarket after reporting a revenue miss for its latest quarter and issuing a weaker-than-expected full-year forecast. Pfizer reported better-than-expected earnings for the fourth quarter, however, and also raised its full-year forecast for sales of its Covid-19 vaccine.

    STOCK SYMBOL: PFE

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Harley-Davidson (HOG) – Harley shares surged 8.3% after the motorcycle maker reported an unexpected profit for its latest quarter as well as better-than-expected revenue. Harley earned 14 cents per share, compared to forecasts of a 38 cents per share loss, as demand jumped for its more expensive motorcycles.

    STOCK SYMBOL: HOG

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Chegg (CHGG) – Chegg rallied 5.8% in the premarket after the online education services company reported better-than-expected profit and revenue for its latest quarter. Chegg beat estimates by 4 cents a share, with quarterly profit of 38 cents per share. The company also issued a better-than-expected outlook.

    STOCK SYMBOL: CHGG

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Carrier Global (CARR) – The maker of heating and cooling equipment beat estimates by 5 cents a share, with quarterly earnings of 44 cents per share. Revenue also topped Wall Street forecasts. Carrier stock added 1.3% in the premarket.

    STOCK SYMBOL: CARR

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Take-Two Interactive (TTWO) – The video game maker's stock fell 2.1% in premarket trading after it issued a weaker-than-expected outlook. Take-Two also missed estimates for "net bookings" for its most recent quarter, representing sales of products and services digitally and in stores.

    STOCK SYMBOL: TTWO

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Nvidia (NVDA) – Nvidia will not go ahead with its $66 billion purchase of Softbank's chip designer Arm. The two companies said the deal – which would have been the largest chip industry deal ever – faced "significant regulatory challenges." Softbank said it would now plan to take Arm public. Nvidia fell 2% in premarket action.

    STOCK SYMBOL: NVDA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Velodyne Lidar (VLDR) – Velodyne Lidar shares rocketed 38.5% in the premarket after the maker of sensors for autonomous driving said it would issue a warrant for an Amazon.com (AMZN) subsidiary to buy about 39.6 million shares.

    STOCK SYMBOL: VLDR

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Just Eat Takeaway (GRUB) – Just Eat Takeaway will be delisting from the Nasdaq, with the Grubhub parent citing low Nasdaq trading volumes and a low proportion of the company's share value held on Nasdaq. The meal delivery service's stock will continue to trade on the Amsterdam and London stock exchanges. The stock fell 3.2% in premarket trading.

    STOCK SYMBOL: GRUB

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Guess (GES) – Activist investor Legion Partners Asset Management is calling for the removal of Guess co-founders Paul and Maurice Marciano from the apparel maker's board, according to a letter seen by The Wall Street Journal. The firm argues that sexual misconduct allegations against Paul Marciano are threatening the company's turnaround efforts. Guess gained 1.4% in the premarket.

    STOCK SYMBOL: GES

    (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 Tuesday, February 8th, 2022! :)

    submitted by /u/bigbear0083
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    Here's Your Daily Market Brief For February 8th

    Posted: 08 Feb 2022 05:03 AM PST

    📰 Top News

    US stock futures are lower Tuesday morning trading as investors await key inflation data later this week.

    Russian invasion "highly likely" - A Russian invasion of Ukraine could be imminent according to National Security Advisor to the Biden Administration Jake Sullivan. Note: The US and its allies have been clear that the nations would act aggressively if Russian launches an attack on Ukraine.

    China, US haggle over energy tariffs- A US extension of tariffs on solar products will interfere with international trade and hinder the development of clean, low emission energy, a recent release by China's Commerce Ministry said. Note: US President Joe Biden plans to maintain former President Donald Trump's tariff on solar cells and panels for another 4 years.

    Big bank faces money laundering charges - Credit Suisse will face charges in a Swiss court for allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros. Note: In the first criminal trial of a major bank in Switzerland, prosecutors are seeking around 42.4 million Swiss francs from Credit Suisse for its failure to prevent alleged drug traffickers of hiding cash from 2004 to 2008.

    🎯 Price Target Updates

    KGI Securities downgrades Meta Platforms. FB downgraded to NEUTRAL from OUTPERFORM - PT $270

    Morgan Stanley downgrades General Motors. GM downgraded to EQUALWEIGHT from OVERWEIGHT - PT $55 (from $75)

    Citigroup upgrades The Estee Lauder Company. EL upgraded to BUY from NEUTRAL - PT $374 (from $355)

    📻 In Other News

    Fighting online hate - European justice ministers and tech giants Google and Meta Platforms came to an agreement that a clear framework was needed to step up cooperation against online hate. Note: Twitter last month lost a hate speech court battle in France, with judges saying it must disclose details on what it does to tackle online hate speech.

    Who's wants to ride off with Peloton? - Shares of Peloton have surged more than 30% since last Friday after the Wall Street Journal reported that Amazon had approached the company about a potential takeover deal. Note: Nike is also reported to be evaluating a bid for Peloton. Peloton's market cap has fallen from a high of nearly $50 billion a year ago, to roughly $8 billion today.

    Look out Vodka, here comes Tequila... - Tequila could soon overtake vodka as the US' favorite liquor, as it was ranked the second fastest-growing spirits category in 2021 according to the Distilled Spirits Council of the U.S. Note: Tequila sales rose by 30.1% in 2021 to an estimated $5.2 billion, just behind vodka which registered sales of $7.3 billion in 2021.

    📅 This Week's Key Economic Calendar

    Tuesday: Trade Balance (Dec)

    Wednesday: Wholesale Inventories M-o-M (Dec F), Fed's Mester Speaks on Economic Policy and Outlook

    Thursday: CPI Y-o-Y (Jan), Initial Jobless Claims (wk end 5-Feb)

    Friday: U. of Michigan Sentiment (Feb P), U. of Michigan 1 Yr Inflation (Feb P)

    📔 Snippet of the Day

    Quote of the day: "The only real security a man can have in this world is a reserve of knowledge, experience, and ability" - Henry Ford.

    submitted by /u/hivincentc
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    Morning Update for Tuesday, 2/8/22

    Posted: 08 Feb 2022 06:16 AM PST

    Good morning everyone, happy Tuesday.

    These posts are for informational purposes only. I am not a financial advisor.

    Main Watchlist:

    Gapping UP:

    • BAC: I'll be watching 48.75 as a potential support level. Figures to see resistance above 49. Will watch for shorting opportunities if it breaks down below 48.50.
    • CHGG: Resistance levels at 30 and just below ~31.50. Will watch for shorting opportunities if it fails to get over resistance.
    • HOG: Potential premarket support at ~38.60, shorting opportunities towards 38 support if it breaks down. Will watch for upside if it can hold up over the 39 level after market open.
    • CFVI: Will be keeping an eye on it for continuation from yesterday. Potential support levels at 15 and 14.50. Relevant resistance levels at 16, 16.50, 17.

    Gapping DOWN:

    • MRNA: Relevant support levels at 150 and just below 147. Potential resistance levels at 156.50 and 160. Will watch for shorting opportunities if it fails over resistance.
    • COIN: Potential support levels at 200 and 198. Will watch for shorting opportunities on the breakdown below 198, room for upside if it can hold up over the 200 level.
    • FB: Potential resistance at 224. Potential support right around the 220 level, will watch for shorting opportunities if it breaks down below 219.60.
    • SQ: Significant support at 100. I'll either be looking for a bounce off support, or shorting opportunities on a breakdown below that support level.
    • ABNB: Potential support level at 152, will watch for shorting opportunities on a breakdown.
    • GM: Pretty significant support level at ~48.
    • SNAP: Potential support level at 36, will watch for shorting opportunities on a breakdown. Other relevant support levels at 34 and 32. Relevant resistance at 38.
    • PTON: Relevant resistance level at 30, with potential support at ~28.
    • EDIT: Significant support level at 16.50, I'll be looking for a bounce off this level. Could provide more shorting opportunities on a breakdown.

    Momentum Watchlist:

    • VLDR: Potential premarket support at 5. Won't be too interested in trading if it breaks down. Relevant resistance level at ~5.50-5.60.
    • COTY: Potential premarket support at 8.80, will watch for more upside if it can hold over that level. Won't be too interested in trading if it breaks down.
    • SBEV: Potential support level at 4.50. Resistance at ~5.
    • UCL: Potential premarket support at ~2. Won't be too interested if it breaks down.

    Market Outlook:

    Stocks are looking at a mixed open this morning after a choppy session yesterday. Throughout the beginning of 2022, the focus has been on Federal Reserve financial policy and how central banks around the world are going to deal with rising inflation. We are due to get more CPI inflation numbers on Thursday. Tech companies have still been reporting strong earnings (with the exception of FB and a few other outliers), and that has been holding up the market over the last couple weeks. Given the negative influential factors, I still think that we could see valuations come down a bit more after the earnings hype. I'm still bearish in the short- to mid-term.

    S&P Futures are trading flat at the moment, Dow Futures are up ~15 basis points, and Nasdaq Futures are down ~10 basis points. Gold is trading flat this morning while silver is down a bit. Crude oil is pulling back a bit as well, now trading just below the $90 level. Energy stocks are trading slightly lower, but nothing significant. Tech stocks are mixed. Worth noting that they'll weigh down the market if they see more weakness. Chinese stocks are mixed at the moment as well. Airlines and cruise stocks saw relative strength in yesterday's trading, and they'll look to build on the strength today. Worth noting that most are still hovering around resistance levels and have failed to break out. Could be in for more red if they fail to break out to the upside.

    The crypto market saw some nice strength yesterday, and is seeing a bit of a pullback this morning. Worth following to see if we hold up over support levels over the next few days. Bitcoin is currently trading around 43,600. Support zone in the 40,000-42,500 area. Resistance level in the 45,000-46,000 area. Ethereum is trading a bit under 3,100. Crypto-related stocks are down a bit in premarket trading as a result of the crypto pullback this morning.

    Remember to use proper risk management; size appropriately for your account and have a plan for every trade you enter. Happy trading everyone :)

    submitted by /u/vanturetrading
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    Royal Caribbean Gr (NYSE:RCL) Analyst Ratings by JP Morgan chimes in saying it’s only worth $60/share! Is this going to drop?

    Posted: 08 Feb 2022 11:12 AM PST

    8 Of The Biggest Investing Myths. Myth #1: You have to time the market to be successful. Myth #2: You should wait until the dust settles to invest your money. Myth #3: Just wait for things to return to “normal” to invest.

    Posted: 08 Feb 2022 02:01 PM PST
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