Top of the morning Stockaholics! Happy Thursday to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are about 4 hours from the cash market open. GLTA on this Thursday, December the 9th, 2021.
The pre-market thread is now up on Reddit 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! https://www.reddit.com/r/StockMarket/comments/rchjd5/129_thursdays_premarket_stock_movers_news/
Morning Lineup - 12/9/21 - Then Again Thu, Dec 9, 2021 After a strong start to the week, investors are taking a step back from buying this morning as futures are firmly negative and have been gradually weakening all morning. Following big losses right after Thanksgiving and then a sharp rebound over the last week, investors can't seem to make up their minds. The biggest news item of the day so far has been initial jobless claims which fell to an unheard of 184K which was well below the already low estimate of about 225K. As equities pull back, treasuries have been rallying with the 10-year yield back below 1.5%. The big economic data in the US will come tomorrow with the release of November CPI, but overnight in China, CPI came in weaker than expected on a y/y basis (2.3% vs 2.5% forecast). What a difference a week makes. Looking at how sector performance has changed over the last week provides a perfect illustration of indecisiveness in the equity market. The first snapshot below is from our Trend Analyzer from a week ago today (through the close on 12/1). At the time, every major index ETF was down at least 2.5% over the prior five trading days with the majority below their 50-day moving averages after trading at or near overbought levels just a week earlier. Mega-cap indices like the Nasdaq 100 (QQQ) and S&P 100 (OEF) were holding up best at the time while small and mid-cap stock indices were down over 7% in the span of just five trading days. Fast-forwarding just a week, the picture has completely changed. Now, every major index ETF in the Trend Analyzer is up at least 3% over the last five trading days, and the majority are back above their 50-day moving averages. Leading the way higher, the same indices that were down the most have bounced back the greatest while mega-cap indices like the Nasdaq 100 (QQQ) and S&P 100 (OEF) are the only two that are up less than 4% over the last five trading days.
Yeah both YUM and MCD have been doing pretty well If we are gonna see more volatility from now on then these are some of the safer stocks
CHWY down big after earnings I guess I am glad that I haven't played this for awhile, I used to play it pretty often in the H1 of this year
Top of the morning Stockaholics! Happy Friday to all of you! And welcome to the final trading day of this week and a frrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are less than 4 hours from the cash market open. GLTA on this Friday, December the 10th, 2021.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this final trading day of this week! https://www.reddit.com/r/StockMarket/comments/rd860n/1210_fridays_premarket_stock_movers_news/ Oh and I just realized that today I am celebrating my Reddit bday lol. Been a Redditor for 8 years now wow lol.
BTW, just a real quick heads up here that we have the CPI print due out in just about 15 minutes from now. Here are the quick consensus levels while we wait for this bigly data this AM:
Morning Lineup - 12/10/21 - The Report You've All Been Waiting For Fri, Dec 10, 2021 Following yesterday's move of just six cents (not basis points but cents) in the Dow, European markets are similarly quiet this morning with the FTSE-100, the CAC-40, and DAX, all trading within 0.1% of their respective closes on Thursday. However, just as the Dow's move wasn't entirely representative of the action in US stocks yesterday, the fact that indices are little changed on the day doesn't reflect that all of those major European indices are well off their lows of the day. There may not be a lot of direction in equity markets so far this morning, but there's a good chance that the release of November CPI could act as a catalyst for more of a move throughout the day, although there wasn't a lot of optimism heading into the report that the reading would come in light, Once CPI is out of the way, investors can shift their focus to next week's FOMC announcement on Wednesday. Given Powell's hawkish pivot right after Thanksgiving, it's hard to imagine what the Fed could say next week that would really be a surprise to investors at this point. With all the volatility we have seen in the S&P 500 over the last month, the largest stock in the S&P 500 has been remarkably calm. The S&P 500's performance over the last month has been a marginal gain of less than half of a percent, but shares of Apple (AAPL) have rallied over 18%. With a performance spread of more than 17 percentage points, the gap between AAPL and the S&P 500 over the last month has been the widest since August 2020, and before that, you would have to go all the way back to August 2013 to find another time that the spread was wider. There have been plenty of times in the past where AAPL has followed a different path than the broader market, but you don't often see the gap get wider than it is now.
Here is the quick look at the notable ERs for next week for anyone looking around for that. (Nothing too terribly noteworthy or standing out as earnings season has mostly all but concluded until January '22). Have a great weekend ahead y'all's!
Market week ahead thread is now up on Reddit for anyone looking for a quick read over this coming weekend: https://www.reddit.com/r/StockMarket/comments/rdnra9/wall_street_week_ahead_for_the_trading_week/ Hope you all have a splendid weekend ahead, and a great trading week next week.
Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the first trading day of the new week and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are under 4 hours from the cash market open. GLTA on this Monday, December the 13th, 2021.
Morning Lineup - 12/13/21 - Fading Gains Mon, Dec 13, 2021 If you had asked investors last Monday morning if they thought the S&P 500 would be trading at a record high to close out the week, you probably wouldn't have gotten many takers. Surprising people is what the market likes to do best, though, so that's exactly what it did last week. To kick off this week, futures were higher overnight but have given up much of those gains although they are still modestly positive. Bitcoin had a brief move above $50K over the weekend, but it has been pulling back in trading today and is back below $49K. Mid-December is typically when things start to slow down into year-end, but this week will be busy for central banks. Not only will the Fed make its policy announcement on Wednesday, but we'll also get policy decisions from more than ten other central banks this week, including the Eurozone, UK, Japan, and Russia. You know it was a good week in the equity market when sectors that lagged were still up over 2.5%. In last week's nearly 4% rally for the S&P 500, all eleven sectors were not only higher on the week but they were also all up over 2.5%. Leading the way higher, it was Technology (XLK), which surged 5.9% thanks in large part to Apple's (AAPL) gain of more than 10%. After Technology, the two sectors rounding out the top three were Energy (XLE) and Consumer Staples (XLP) which gained 3.81% and 3.66%, respectively. It's not often that you see Technology on the leaderboard with sectors like Energy and Consumer Staples. In spite of last week's surge, just five sectors are currently at overbought levels with Financials and Communication Services the only two sectors that are still below their 50-day moving averages.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading today on this first trading day of the week! https://www.reddit.com/r/StockMarket/comments/rffrcz/1213_mondays_premarket_stock_movers_news/
12 Industrials Stocks Moving In Monday's Intraday Session 1:03 pm ET December 13, 2021 (Benzinga) Print Gainers Energy Focus (NASDAQ:EFOI) stock rose 12.02% to $3.87 during Monday's regular session. The current volume of 6.4 million shares is 181.59% of Energy Focus's average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $19.6 million. Tecnoglass (NASDAQ:TGLS) stock increased by 9.93% to $20.52. Tecnoglass's stock is trading at a volume of 1.2 million shares as of 12:30 EST. This is 237.85% of its average full-day volume over the last 100 days. The company's market cap stands at $978.5 million. Advent Technologies Hldgs (NASDAQ:ADN) stock moved upwards by 8.78% to $7.99. Advent Technologies Hldgs's stock is trading at a volume of 416.4K shares as of 12:30 EST. This is 147.31% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $409.2 million. Hyster-Yale Materials (NYSE:HY) shares increased by 7.74% to $40.33. Trading volume for Hyster-Yale Materials's stock is 62.7K as of 12:30 EST. This is 88.57% of its average full-day volume over the last 100 days. The company's market cap stands at $678.6 million. ReneSola (NYSE:SOL) shares rose 6.83% to $6.1. As of 12:30 EST, this security is trading at a volume of 1.7 million shares, making up 104.92% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $425.4 million. As per the press release, Q3 earnings came out 4 days ago. Grindrod Shipping Hldgs (NASDAQ:GRIN) shares increased by 6.52% to $16.25. Grindrod Shipping Hldgs's stock is trading at a volume of 371.5K shares as of 12:30 EST. This is 152.42% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $311.8 million. Losers NiSun Intl Enterprise Dev (NASDAQ:NISN) shares decreased by 60.79% to $4.33 during Monday's regular session. The current volume of 996.8K shares is 713.9% of NiSun Intl Enterprise Dev's average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $88.9 million. Recruiter.Com Group (NASDAQ:RCRT) shares declined by 16.92% to $3.29. Trading volume for Recruiter.Com Group's stock is 414.8K as of 12:30 EST. This is 149.19% of its average full-day volume over the last 100 days. The company's market cap stands at $47.3 million. BEST (NYSE:BEST) shares fell 16.28% to $0.92. BEST's stock is trading at a volume of 2.1 million shares as of 12:30 EST. This is 37.5% of its average full-day volume over the last 100 days. The company's market cap stands at $357.9 million. RCM Technologies (NASDAQ:RCMT) shares fell 16.18% to $6.84. Trading volume for this security as of 12:30 EST is 231.0K, which is 101.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $71.7 million. Enovix (NASDAQ:ENVX) stock decreased by 9.51% to $25.8. The market value of their outstanding shares is at $3.7 billion. ComSovereign Holding (NASDAQ:COMS) stock declined by 9.48% to $0.86. As of 12:30 EST, ComSovereign Holding's stock is trading at a volume of 498.5K, which is 33.36% of its average full-day volume over the last 100 days. The company's market cap stands at $68.7 million. See Also: www.benzinga.com/money/best-industrials-stocks/ This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Evergrande's boss forced to sell an additional 277.8 million shares as China's government says it's not bailing the property giant out This latest disposal adds to the list of Hui's personal assets has sold in recent months, and comes as the Chinese government has signaled that there will be no bailout for Evergrande, with central bank governor Yi Gang saying last Thursday that Evergrande's inability to meet its obligations is a market event, Bloomberg reported. The Chinese government had instructed Hui to use his own money to pay down company debt, unnamed sources told Bloomberg in October. He is now worth $6.23 billion - down from a high of $42 billion in 2017, according to the Bloomberg Billionaires Index. Shenzhen-headquartered Evergrande is the world's most indebted developer, with $300 billion in liabilities source: https://markets.businessinsider.com...a-yan-sell-shares-amid-bailout-crisis-2021-12 Is this all a charade? Or does China need to be told that 300 > 6?
Looks like a pretty defensive day Utility, staple, healthcare and real estate seem to be outperforming today. If we continue to move down ahead of the FED meeting on Wednesday then we might get a relief rally after the FED like we did with the inflation data last Friday, will be interesting to see how it will play out. The volatility could be pretty high right after the FED decision
