Pre-market thread is now up on the r/StockMarket subreddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading today and rest of this week ahead! https://www.reddit.com/r/StockMarket/comments/qbzln4/1020_wednesdays_premarket_stock_movers_news/
VIX is approaching sub-15. After 5-day winning streaks, which we currently have, the reversal can be quick.
Seasonal tailwind (holiday seasons in November and December) coming soon so I am still leaning bullish, I am impressed with the ability of this market to climb the wall of worry so far this month
PayPal is in late-stage talks to acquire Pinterest (cnbc.com) PayPal has discussed acquiring the company for a potential price of around $70 a share, which would value Pinterest at about $39 billion, according to Bloomberg. I remember PINS trading well above of $70s earlier this year lol
Tesla TSLA earnings Q3 2021 (cnbc.com) Very impressive with almost everyone else was blaming the chip shortage when they missed earnings
Top of the morning Stockaholics! Happy Thursday to all of you! And welcome to the new trading day and a fresh start! Here is a quick check on those futures as we are just under an hour away from the cash market open. GLTA on this Thursday, October the 21st, 2021!
Morning Lineup - 10/21/21 - Claims on Deck Thu, Oct 21, 2021 After a six-day rally of over 4%, the S&P 500 is indicated to open lower this morning along with the other major averages. The big drag on sentiment this morning is the 10-year yield which has spiked by about 4 bps in the last two hours taking yields to the highest level since May. Along with a busy slate of earnings, there are a number of economic indicators on the calendar that have the potential to swing things in the hours ahead. Jobless claims and the Philly Fed will be released at 8:30 AM while Leading Indicators and Existing Home Sales will hit the tape at 10 AM. With bitcoin hitting a new high this week, we wanted to update the comparison between 'digital gold' (bitcoin) and physical gold over the last year. Like bitcoin's actual price, the ratio of bitcoin to gold also hit a new high this week topping the prior record high of 36.2 from April and finishing off yesterday at 37 ounces of gold to one bitcoin. That represents more than a six-fold increase in just the last year! While bitcoin has been on a tear relative to gold, priced in terms of ether, it has underperformed over the last year. Last October, one bitcoin was worth more than 30 ether, but over the next six months that ratio rapidly compressed falling to as low as 12.3 this May. Ever since then, bitcoin and ether have been moving closer in tandem with each other as the ratio has been contained to a range between 12 and 18.
Pre-market thread is now up on the r/StockMarket subreddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading today and rest of this week ahead! https://www.reddit.com/r/StockMarket/comments/qcqv8k/1021_thursdays_premarket_stock_movers_news/
Trump SPAC shares DWAC soar on social media deal news (cnbc.com) The planned merger values Trump Media & Technology Group “at an initial enterprise value of $875 Million, with a potential additional earnout of $825 Million in additional shares (at the valuation they are granted) for a cumulative valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination,” the press release Wednesday said. Still going crazy after the bell
Last time VIX/VXV ratio closed a week this low, was 2 months ago. The VIX went from 15.5 to 24.7 in a week.
Phunware stock surges over 1,000% early Friday as a Trump-linked SPAC heads for a 1,345% weekly gain - MarketWatch Guess there were people who got a lot richer on DWAC or PHUN if they got in at a good entry and didn't get too greedy, not me obviously
Here are the notable earnings releases as well as the highest volatility earnings releases and the highest increase in expectations earnings releases due out for next week courtesy of earnings whispers (earnings season kicks it up to another gear!). And here is the market week ahead thread which is now up on the r/StockMarket subreddit for anyone looking for a quick read over this coming weekend: https://www.reddit.com/r/StockMarket/comments/qdt62f/wall_street_week_ahead_for_the_trading_week/ I hope you all have an absolutely splendid weekend, and a great trading week ahead.
Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the new trading week and a fresh start! Here is a quick check on those futures as we are just about 30 minutes away from the cash market open. GLTA on this Monday, October the 25th, 2021.
Morning Lineup - 10/25/21- Modestly Positive Start to the Week Mon, Oct 25, 2021 US equities are on pace to kick off the week with a modestly positive open, while WTI crude oil nears $85, treasury yields rise, and bitcoin has rebounded from a weekend decline. It's a quiet day for economic data today, but the pace of earnings will really ramp up after the close with Facebook (FB) and continue that way for the rest of the week. Equity futures remain subdued to kick off the week, but October has already been an extremely positive month. Through Friday's close, the S&P 500 was up over 5.5% this month. Heading into the final week of October, that represents the best MTD performance for the index since 2015 (+8.08%) and just the 10th time in the post-WWII period that it has been up 5%+ heading into the final week of the month. In the table below, we list each of the prior years where the S&P 500 was up 5%+ heading into the last week of October and show how it performed in the final week of the month. Of the nine prior occurrences, the index was up four times and down five times for a median decline of 0.07%. For comparison, in all other Octobers where the S&P 500 was up less than 5% heading into the last week of the month, the median performance was a gain of 0.64% with gains 62.7% of the time.
Pre-market thread is now up on the r/StockMarket subreddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading today and this week ahead! https://www.reddit.com/r/StockMarket/comments/qffwov/1025_mondays_premarket_stock_movers_news/
https://seekingalpha.com/news/37574...r-acknowledging-impact-from-taiwan-earthquake "MU gains 3% after earthquake hits Taiwan." Because they acknowledged it happened. LOL, news writers gotta write something right? https://finance.yahoo.com/news/micron-shares-gain-analysts-see-133152029.html Bloomberg says MU is gaining because the earthquake will raise prices. If only they could have more earthquakes... Btw, MU is down from the open. So much for earthquakes. So much for acknowledging.
