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 brand spanking new trading week! https://www.reddit.com/r/StockMarket/comments/qpe0lv/118_mondays_premarket_stock_movers_news/
Some charts not updating...the entire finviz frontpage not updating. Is this a daylight savings time feature?
China appears to have built full-scale mock-ups of US warships in a desert in the country's north-western Xinjiang region, satellite images show. One of the images, captured by US space technology company Maxar, shows a structure shaped like a military aircraft carrier placed on rail tracks. USNI News, a site specialising in the US Navy, said the structures appeared to be targets built by the military. The site reported that the building of such structures "shows that China continues to focus on anti-carrier capabilities, with an emphasis on US Navy warships". https://www.bbc.com/news/world-asia-china-59210417 The timing of this makes me think China is training Dune worms to fight for them lol.
RBLX going crazy after hours If you are bullish on the future of metaverse then it is one of the better plays out there I guess along with U and NVDA maybe.
Travis Scott, Drake, others sued by concertgoers over crowd surge at Astroworld music festival in Houston - CBS News LYV was trading at ATH last week but looks like this sad incident dragging the shares down today
Top of the morning Stockaholics! Happy Tuesday 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 over 3 hours from the cash market open. GLTA on this Tuesday, November 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 this week! https://www.reddit.com/r/StockMarket/comments/qq3a4t/119_tuesdays_premarket_stock_movers_news/
Morning Lineup - 11/9/21 - Do We Have Twelve? Tue, Nov 9, 2021 It's a mixed morning in the equity markets as the S&P 500 and Dow are indicated to open modestly lower while the Nasdaq is indicated higher. In the case of the Nasdaq, it's looking to extend its "Spinal Tap" streak of eleven straight days of gains to a full dozen. The rally in crypto has continued again this morning with both bitcoin and ether trading at record highs. In the treasury sector, 10-year yields are back down to 1.46%. In economic data, PPI came in right in line with expectations at the headline level (0.6%) and slightly weaker than expected at the core level (0.4% vs 0.5%). With a gain to kick off the week yesterday, the Nasdaq extended its streak of positive days to eleven. There hasn't been a streak longer than this since July 2009, and the only one that was as long was back in December 2019. Going back to 1980, the current streak is just the 15th that has lasted at least eleven trading days. Of those, the majority (8) of them were in the 1980s, including the longest which stretched out to 17 trading days in early 1985. Since 1990, there have only been six other streaks of eleven or more trading days, and only two of those have occurred since 2000.
A Brainard Fed May Mean Lower for Longer: Wall Street Reacts (yahoo.com) Looks like it is Brainard vs Powell for the FED chair and sounds like Brainard is more of a dove than Powell is.
Top of the morning Stockaholics! Happy Hump Day to all of you! And welcome to the new trading day and a frrrrrrrrrrrrresh start! Here is a quick check on those futures as we are just about 1 hour away from the cash market open. GLTA on this Wednesday, November the 10th, 2021.
The pre-market thread is now also 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/qqu9d2/1110_wednesdays_premarket_stock_movers_news/
Morning Lineup - 11/10/21 - CPI on Fire Wed, Nov 10, 2021 After days where it seemed as though stocks could only go up and yields could go down, major US indices are poised for their second straight day of losses while the yield on the 10-year is up from its lowest levels since late September. Coming into today's CPI report for October, there was some upside risk based on certain aspects of yesterday's PPI report, and that definitely showed through in the numbers as headline CPI rose 0.9% versus forecasts for an increase of 0.6%. Core CPI rose 0.6% which was also significantly higher than the 0.4% forecasts. On a y/y basis, headline CPI rose 6.2%. Outside of October 1990 when y/y CPI rose 6.3%, this reading hasn't been higher since the early 1980s. Due to the Veterans Day holiday tomorrow, jobless claims were released a day early this week, and the results were also not what the market wanted to see as both initial and continuing claims came in higher than expected. In reaction to both reports, equity futures have dropped modestly and yields are higher but not to a large degree either way. The decline in the 10-year yield over the last several days (before today) caught a number of investors off guard. After rebounding off its summer lows right around 1.25%, the yield ran up to just above 1.7% in late October. Just as the taper started to show up on the horizon, though, the upside momentum in yields stalled out and quickly started to reverse even as inflation data continues to run hot. Since the 10-year yield peaked on 10/21 just above 1.7%, it has seen a rapid decline falling to 1.44% yesterday. While it's a bit of an arbitrary time window, the current 13-trading day decline of 27 basis points (bps) in the 10-year yield is the second largest over the last 12 months behind only the 28 bps decline seen in mid-July. That decline actually came right around the low point in yields for the summer. How markets react to today's much higher than expected October CPI report will likely give us clues as to whether or not the same reversal in yields plays out this time around too.
SOFI and BROS up after earnings, 2 stocks that I kinda want to get into but I didn't want to gamble on earnings AFRM up pretty nicely after earnings too
Panera Returning To Public Market With IPO: How You Can Get Early Access Via SPAC Merger (yahoo.com) Panera going public again
Panera was lackluster as a stock before they went private, is what I remember. They better now have at least an app, and some delivery program...that's like the restaurant stock starter kit nowadays. How long until restaurants start incentivizing you to put money into your app account? Kinda like a gift certificate. You can wire $50 into the app (so the restaurant is holding the money, acting like a bank...with millions of customers nationwide). And if you make a purchase with that app cash then you get a 10% discount. And another benefit to the restaurant is they don't have to pay credit card fees.
