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    Friday, February 11, 2022

    Home Unlabelled Stock Market - Fed announces Emergency Closed Door Board Meeting Feb. 14

    Stock Market - Fed announces Emergency Closed Door Board Meeting Feb. 14

    February 11, 2022

    Stock Market - Fed announces Emergency Closed Door Board Meeting Feb. 14

    Fed announces Emergency Closed Door Board Meeting Feb. 14

    Posted: 10 Feb 2022 08:24 PM PST

    When CNBC can’t make up their mind.

    Posted: 10 Feb 2022 08:09 AM PST

    Four fast chargers every 50 miles—US unveils EV infrastructure plan

    Posted: 10 Feb 2022 04:22 PM PST

    Market Close Feb 10 - 71% losers with scattered winners in each sector

    Posted: 10 Feb 2022 12:45 PM PST

    Probably a great way to piss off customers: Intel launches Pay-As-You-Go CPU

    Posted: 10 Feb 2022 03:22 PM PST

    CPI shows Inflation at 7.5%

    Posted: 10 Feb 2022 05:37 AM PST

    Daily Market Recap - Thursday, February 10, 2022. What a wild day

    Posted: 10 Feb 2022 02:21 PM PST

    PsychoMarket Recap - Thursday, February 10, 2022

    Stocks finished deep in the red following the release of the Consumer Price Index, which showed the fastest pace of inflation in decades and remarks by St. Louis Fed President James Bullard which suggests the Central Bank could raise interest rates more aggressively than originally expected.

    In other, strange news, Affirm (AFRM) accidentally leaked their earnings report on Twitter earning, sparking a -20% sell-off in the stock. This caused other fin-tech stocks like Block (SQ), Upstart (UPST), and PayPal (PYPL). Fin-techs have really had a rough year so far.

    Markets Today

    • S&P 500 (SPY): -1.80%
    • Nasdaq (QQQ): -2.25%
    • Dow Jones (DIA): -1.43%
    • Russell 2000 (IWM): -1.53%
    • Volatility Index (VIX): +19.99%
    • Affirm (AFRM): -21.24%
    • NVIDIA (NVDA): -3.28%
    • Grab (GRAB): +15.14%
    • Canada Goose (GOOS): -1723%
    • Disney (DIS): +3.35%
    • Cloudflare (NET): +4.95%
    • Advanced Micro Devices (AMD): -5.51%

    The Bureau of Labor Statistics released the Consumer Price Index (CPI), which tracks an average market basket of consumer goods and services purchased by households, rose 7.5% in January compared to the previous year. This is above the expected 7.3% rise and yet another acceleration from the 7.0% rise registered in December.

    Energy prices remained a key contributor to the overall CPI and were up by 27% on a year-over-year basis in January. Within energy, fuel oil prices jumped 9.5% on a monthly basis, after the price of crude rallied to a seven-year high earlier in the week. Electricity prices also jumped by a pronounced 4.2% on a month-over-month basis.

    Gains in prices for food also contributed to the headline index, like dining at home and out each became more expensive. Food at home prices rose 1% during the month, while food away from home prices rose 0.7%.

    Excluding more volatile food and energy prices, the so-called core CPI rose by 6.0% in January over last year, also marking the biggest jump since 1982. The core CPI had risen by 5.5% in December.

    The price of shelter, which is another major contributor to inflation, rose 0.3% on a monthly basis. In turn, this led to a 0.5% increase in rent prices, which have risen alongside home prices as potential buyers are priced out and forced to rent. Prices for lodging away from home, however, dropped by 3.9% on a monthly basis in January, as the Omicron surge at the beginning of the year dampened mobility and demand for hotels and other stays.

    Andrew Hunter, senior US economist at Capital Economics, said "With core CPI inflation hitting a new high of 6.0%, there was little to cheer about in the rest of the report. The 0.6% gain in medical care services prices may also have reflected Omicron disruption, and prescription drug prices also saw an unusually large gain. The acceleration in rent of shelter inflation shows no sign of abating, with owners' equivalent rent up by 0.4% m/m again and rent of primary residence seeing an even bigger 0.5% gain. Alongside the 0.7% jump in food away from home prices, this underlines our view that rapid cyclical acceleration in inflation is underway and, with labor market conditions exceptionally tight, it is unlikely to abate any time soon."

    The report caused St. Louis Fed President James Bullard to say in an interview that he favors an interest rate increase of 1% by July 1, sparking a slaughter in tech stocks. However, this opinion remains in the minority and the Fed continues to project a 0.25% increase in March, which the market has already priced in.

    However, I'd take Bullard's comments with a grain of salt, he has a track record of widely changing forecasts and his opinion is more extreme and in the minority. He is a member of the Fed, though, so it still is very notable he said that.

    However, it is important to note that the fundamental drivers in the current rise of inflation (supply-chain disruptions, labor market shortages) have shown signs of improvement in recent weeks, which was not reflected in this report. I still believe we are approaching peak inflation in the next 2 months. If that doesn't happen, the Fed will likely be forced to do something nasty.

    Following January's sell-off, stocks have found some relief from strong corporate earnings in the last few weeks. Bank of America said in its latest update that S&P 500 earnings per share (EPS) are exceeding consensus expectations by 6% so far for the latest quarter and tracking toward a growth rate of well over 20% on a year-over-year basis.

    The Labor Department released its latest weekly jobless claims report, which showed new jobless claims continuing to trend lower. Here are the numbers:

    • Initial jobless claims: 223,000 vs. 230,000 expected
    • Continuing claims: 1.621 million vs.1.615 million expected

    Highlights

    • In a very strange turn of events, shares of (AFRM) plunged after the company mistakenly posted part of their earnings on Twitter early, in a mistake the company confirmed was made by "human error". Here are the numbers:
      • EPS: -$0.57 vs -$0.32 loss expected
      • Revenue: $361 million vs. $328.8 million expected, +77% YoY
      • Gross Merchandise Value: $4.5 billion vs $3.73 billion
      • Guidance: Projected 2022 revenue of $1.29 - $1.31 billion vs $1.225 - $1.250 expected
    • A Chicago federal judge on Wednesday declined to dismiss Walgreen's (WBA) claim that a law firm representing major health insurers in a drug-pricing lawsuit against the pharmacy retailer has a conflict of interest because it formerly represented the company.
    • Toyota Motor, General Motors (GM), Ford Motor (F), and Chrysler-parent Stellantis said Thursday they had been forced to cancel or scale back some production because of parts shortages stemming from Canadian trucker protests.
    • Fired Peloton (PTON) employees crash the new CEOs welcome meeting
    • The Biden administration on Thursday plans to detail how it will award nearly $5 billion over five years to build thousands of electric vehicle charging stations. Congress approved the funding to states as part of a $1 trillion infrastructure bill in November.
    • The Starbucks (SBUX) unionization campaign that began in western New York and spread across the country has now reached New York City, with employees in Manhattan, Brooklyn, and Long Island petitioning to organize and drawing support from prominent politicians in the area.
    • YouTube, which is owned by Google, elaborated plans to harness emerging metaverse technologies to offer more "social" viewing experiences for gaming content. YouTube remains the world's largest streaming platform and is estimated to be worth somewhere between $250-$500 billion dollars according to different valuation metrics. (Google bought youtube for $1.65 billion in 2006).
    • Twitter (TWTR) reported weaker than expected earnings but did announce it was commencing a $4 billion share buyback program.
    • The Cyberspace Administration of China said itsit met with companies such as Tencent Holdings and Alibaba Group and TikTok owner ByteDance to discuss "healthy and sustainable development".

    "The greatest glory in living lies not in never falling, but in rising every time we fall." -Nelson Mandela

    submitted by /u/psychotrader00
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    ��What A Year it has been. Rate Hikes Around The Corner... I see some red in the upcoming months�� WHERE ARE YOU MOVING YOUR EQUITY??

    Posted: 10 Feb 2022 05:11 PM PST

    Emergency Fed Rate Hike As Soon As Tomorrow

    Posted: 10 Feb 2022 05:03 PM PST

    Certainly, Inflation is at 10000% /s

    Posted: 10 Feb 2022 09:49 AM PST

    Astra stock drops 26% after NASA mission fails mid-launch

    Posted: 10 Feb 2022 01:08 PM PST

    What If You Bought 100 Random Stocks 1 Year Ago

    Posted: 10 Feb 2022 08:49 AM PST

    Morning Update for Thursday, 2/10/22

    Posted: 10 Feb 2022 06:21 AM PST

    Good morning everyone.

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

    Main Watchlist:

    Gapping UP:

    • DIS
    • MU
    • ROKU
    • TWLO
    • DDOG
    • UBER
    • TWTR
    • MAT

    Gapping DOWN:

    • SGEN
    • DASH
    • NVAX
    • VMEO

    Momentum Watchlist:

    • IRNT
    • CLSK

    Market Outlook:

    Stocks are looking to open lower this morning after investors are digesting the latest inflation numbers. Things were looking mixed, but now we are seeing some considerable selling off in premarket. Things could get choppy today. We have continued to see strong earnings overall, and this has been driving the market higher for the time being. DIS is up over 7% in premarket trading after beating expectations. The Consumer Price Index (CPI) posted a 7.5% annual gain in January; this is the highest rate in 40 years. The Fed has indicated that the first rate hike could come in March, yet we lack clarity on the magnitude of the hike. Some analysts believe the Fed could hike interest rates as many as 7 times in 2022. Because of this, I believe valuations could still come down a bit further.

    S&P Futures are down ~90 basis points, Dow Futures are down ~45 basis points, and Nasdaq Futures are down ~1.5%. Gold and silver are pulling back a bit this morning. Crude oil is trading relatively flat, hovering around the $90 level. Tech stocks are seeing some weakness this morning. With the Fed looking to address the inflation situation, we could see valuations come down a bit more here. Chinese stocks are also seeing weakness this morning. Airlines and cruise stocks are trading slightly lower after the recent strength. Could see some choppiness today as well, but they're holding up better than tech stocks at the moment.

    The crypto market is also seeing some weakness this morning after the inflation numbers came out. Bitcoin is currently trading around 43,900. I'm expecting some volatility today. Ethereum is trading a bit over 3,100. Crypto-related stocks are down in premarket trading as a result.

    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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    Recommend discords?

    Posted: 10 Feb 2022 07:11 AM PST

    So I've been reading for about half a year now. I've joined a discord recommended by my friend, but something seems off. The analysts are hardly active. However, there is one that is constantly posting without a bot. If you check out the link, his name is MillyDilly. I was wondering if he shares good information.

    https://discord.gg/JVnKeYte

    Also, for the second half of this post, I want to join more, active and friendly, discords that revolve around stocks and trading. If you have any recommendations, please share in the comment, and I'll gladly check them out.

    submitted by /u/YT_Dajab
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    super casual headlines/DD about Pfizer (PFE)

    Posted: 10 Feb 2022 11:16 AM PST

    $PFE

    a boring company that makes a lot of money

    all of these headlines/news snippets are from the week starting 2/7/2022

    I'll get to my favorite part of the stock right off the bat and say that on 2/08/2022 the company provided Full-Year 2022 Record-High Guidance for Revenues of $98.0 to $102.0 Billion. a company that is going to make billions this year and consistently made tens of billions a quarter, this is the kind of business we should be buying.

    The company reported a revenue on 2/8/2022 of $23.84 billion for Q4, compared to the consensus estimate of $24.20 billion, so they only made $23 Billion instead of $24 Billion, this made irrational, impatient traders selloff giving buying opportunities to smart money this week. PFE pays a 3.1% dividend.

    CNBC

    Pfizer expects $54 billion in 2022 sales on Covid vaccine and treatment pill

    Reuters

    Japan Health Ministry committee approves Pfizer oral COVID-19 drug

    CBS News

    CDC says COVID-19 vaccines are safe for pregnant women

    Analysts 12 month price target for PFE in the last 3 months are: average price target at $59.44 with a high estimate of $75 and a low estimate of $50. This includes BARCLAYS CAPITAL, EDWARD JONES, JP MORGAN, MORGAN STANLEY, WELLS FARGO AND UBS

    Pfizer brands include Advil, Bextra, Celebrex, Diflucan, Lyrica, Robitussin, Chapstick, Preparation-H and Viagra.

    I have a weird criteria before entering a position where i ask myself if i'll be able to sleep well at night and not open up my portfolio with dread every few minutes and this fits that criteria so i bought a few thousand shares at $50.70 this morning, have fun!

    submitted by /u/sk8ing_everywhere
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    Stocks slip, yields soar on hottest inflation in 40 years - Mosttraded.com

    Posted: 10 Feb 2022 07:48 AM PST

    Why ViacomCBS (VIAC) Will Crush Earnings on Tuesday (2/15) It's time to get in!!!!

    Posted: 10 Feb 2022 08:25 PM PST

    Disney delivers earnings magic for 2021

    Posted: 10 Feb 2022 05:41 AM PST

    Disney delivered the magic in its earnings report. Theme parks have rebounded, pulling in $7.2B (vs $3.6B during the height of the pandemic). And in a surprising twist, Disney+ added 12 million subscribers, beating expectations despite execs warning that the best original content is still slated for later in the year. Compare this to Netflix which had its lowest growth year since 2015 and about a 50% decrease from its pandemic-inflated 2020 numbers with 8.3 million new subscribers reported during their recent earnings.

    Share prices jumped 8% in after hours trading.

    Extended non-paywalled article here: Variety

    submitted by /u/OliveInvestor
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    Nobody talks about it! But I am going to research Turkey.

    Posted: 10 Feb 2022 11:15 AM PST

    Nobody talks about it! But I am going to research Turkey.

    I have not heard anything in the media or else were about investing in Turkey (correct me if I am wrong). And there is of course a good reason for that. Turkey is dealing with a lot of inflation, just look at this graph

    ​

    https://preview.redd.it/qt5zsn0sw1h81.png?width=466&format=png&auto=webp&s=6e95a873f93c5a89fb43abf2fa825f874d8031e8

    Because of this inflation, the general pe ratio of the Turkish market has taken a nice dive, the economy is also doing worse of course. ( Of course, pe does not tell you immediately that the something is cheap, so research has to be done)

    https://preview.redd.it/pi8b5sarz1h81.png?width=1153&format=png&auto=webp&s=10466200c66ec9451267b12efe91b201ba820cbf

    For long-term investing this can be interesting to research. What got me on the idea to research it ( I am not saying that I am going to buy) is an interesting case that can be found in the richer, wiser, happier book about Nomad investing.

    Here is the interesting piece of text:

    The supply of bargains dwindled as fears receded and markets revived. So Sleep and Zakaria ventured to one of the few remaining pockets of despair. In 2004, they crossed the border from South Africa into Zimbabwe. Under Robert Mugabe's despotic rule, Zimbabwe's economy was paralyzed by corruption, a currency collapse, the nationalization of many privately owned farms, and mobs of looters. Undaunted, Sleep and Zakaria bought a basket of four Zimbabwean stocks—virtual monopolies that traded as if they were almost worthless. Zimm, a cement producer, sold on the stock exchange in Harare for one-seventieth of the replacement cost of its assets. Writing to Nomad's investors about the perverse appeal of this detested market, Sleep remarked, "The clients will hate it. Compliance will hate it. The consultants will hate it. Marketing will hate it. The size of the investment opportunity is tiny. It is not part of the benchmark.… It's perfect." For a while, Nomad valued its basket of bargains at zero because trading on Zimbabwe's stock exchange ceased entirely. The economy remained a catastrophe. Still, by the time Nomad sold the last of its Zimbabwean stocks in 2013, they'd risen between threefold and eightfold. As a souvenir, Sleep and Zakaria gave each Nomad shareholder a worthless banknote for 100 trillion Zimbabwean dollars, which the government had issued at the height of hyperinflation.

    Not as extreme as in Turkey, but I think it can be an interesting case to look for potential bargains ( which after the research has to be decided if there are some potential bargains) to research for long-term investing!

    What do you think? Interesting place to research/look for bargains?

    submitted by /u/fundamentals4long
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