FB with a nice pop, but I think it will not break $200. Currently $198! TDOC crashing. I think Cathie does own it, at least SARK is up after hours.
ALGN also down big after earnings, not sure if it is a sign that the consumers are getting more selective on their spending due to inflation
haha ye. we'll see how the month closes on friday. but looking like a red finish 'fo sho. perhaps not nearly as red, but still a lower monthly close this april. which as you know has been hella rare over the many years. i was eyeing this chart earlier today when it hit my twitter feed. was looking like (at point) that this could be one of the worst april performances for the spx in like a half a century maybe won't be nearly that bad by friday. we'll have to see lol.
ARK has been buying up Teledoc, especially in the few days. I think it may be the fund's 3rd largest investment. Again, you are seeing the stocks that showed strength during the stay at home culture, but like Peloton, Docusign, even Adobe to an extent taking hits.
Top of the morning Stockaholics! Happy Thursday to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are a little over 2 hours from the cash market open. GLTA on this Thursday, April the 28th, 2022.
Morning Lineup - 4/28/22 - GD-Negative Thu, Apr 28, 2022 Wouldn't you just love to be on the Fed right now? As the FOMC is in the early stages of what is expected to be its most aggressive rate hiking cycle since the early 1980s, the first read on Q1 GDP not only came in weaker than expected but it actually declined more than 1.4%. Whether or not they put themselves in this position in the first place or not, we don't envy the place they are in now. Other economic data this morning was mixed. Personal Consumption came in weaker than expected (2.7% vs 3.5%) while the GDP Price Index rose more than expected (8.0% vs. 7.2%). Jobless claims were right in line on an initial basis but came in ever so slightly higher than expected on a continuing basis. In today's Morning Lineup, we recap overnight events in Asia and Europe (pg 4), take a look at the collapse in the yen (pg 4), sentiment in Europe (pg 5), and then a look at 2%+ gaps higher in the Nasdaq 100. Many of you liked it the last time we did it, so this morning we are bringing back our little game to test your chart reading abilities and see how good of a technical analyst you are. Take a look at the chart below. It's a one-year stock chart of a US company in the period spanning August 2020 through August 2021. Looking only at the chart pattern do you think the stock was higher or lower six months later? Make a decision and click on one of the buttons below to find out if you picked the right trade (the answer will appear in a new window). Good luck!
Today's stock market movers and news 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 on this Thursday, April the 28th! https://www.reddit.com/r/StockMarket/comments/udv01f/428_thursdays_stock_market_movers_news/ <- (click there to read!) (sorry running a little late this AM)
Dipping my toes into SLV -- would like to do the same with GLD, but not quite down enough yet UNG is pulling back -- now if only USO could get a little higher This volatility is
It was a surprise to see the negative GDP number this morning despite we keep hearing how hot this economy even inflation is high Nice rally today, let's see if we can keep it going after the earnings from AAPL and AMZN after the bell
Initial earnings reactions aren't so good with AMZN and INTC, we will see how AAPL will do, if AAPL is also down on earnings then it is hard to see this market rallying again tomorrow
The Rivian stake helped AMZN when they reported last time, not so much this time around Amazon takes $7.6 billion loss on Rivian stake from Q1 stock plunge (cnbc.com)
Top of the morning Stockaholics! Happy Friday to all of you! And welcome to the final trading day of the week and month of April and a frrrrrrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are a little over 3 hours from the cash market open. GLTA on this Friday, April the 29th, 2022.
Morning Lineup - 4/29/22 - Amazon Fails to Deliver Fri, Apr 29, 2022 It's not looking like a positive close to the week with futures solidly in the red following negative reactions to earnings from Amazon.com (AMZN) and Apple (AAPL). With the Fed announcement looming next week, investors are likely to be a bit apprehensive ahead of the meeting. In terms of economic data, the week is closing off on a busy note. Employment Cost Index for Q1 came in much higher than expected at 1.4% compared to forecasts for an increase of 1.1%, and it was the highest level since at least the mid-1990s. Personal Income and Personal Spending also topped expectations. Still upcoming, we'll get an update of Chicago PMI at 9:45 and Michigan Sentiment at 10 AM. In today's Morning Lineup, we recap overnight events in Asia and Europe (pg 4), inflation in Europe (pg 5), and prior quarters whereAMZN gapped down sharply in reaction to earnings (pg 5). It's been quite a week for US stocks. While both the Russell 2000 (IWM) and Nasdaq 100 (QQQ) made marginal new lows this week, the S&P 500 (SPY) managed to hang on to its lows from earlier this year. The fact that equities were quick to bounce following those breakdowns was encouraging, but with futures in the red to kick off the last trading day of the month, these will be critical levels to watch throughout the day.
I think it's interesting that after hitting SPX 4800 and then FED wanting to address the hyper-inflation issue, the SPX created a zone of 4600 to 4800 that cannot be rallied above. And it seems now a new zone is created similarly: 4400 to 4600. That makes me wonder if the 4200 to 4400 is going to be the free flow zone or if the SPX is setting up 4200 to 4400 as the next can't really above zone
whelp, don't look now but looks like that chart is back on the forefront again heading into the final hour of april here lol let's see if we'll close out with the largest april drop in like fiddy years
