BYND down about -20%. A few years ago I used to go to a bar on weekends and they made a great Thai chicken pizza. They even had a variation where they'd put gardein instead of chicken, and that was good too. And best of all it was the same price. The Beyond Meat is alright, but I don't like that it is more expensive. Give me gardein anyday.
Top of the morning Stockaholics! Happy Veteran's Day in the US on this Thursday! And welcome to the new trading day and a fresh start! Here is a quick check on those futures as we are just over 30 minutes from the cash market open. GLTA on this Thursday, November the 11th, 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/qrlh5x/1111_thursdays_premarket_stock_movers_news/
Morning Lineup - 11/11/21 - Tentative Rebound Thu, Nov 11, 2021 In observance of Veterans Day, the Federal government and banks are closed today. That means that for today at least, stocks will not be able to fall because of rising yields. Equity futures are modestly higher this morning with the Nasdaq leading the gains. There's no economic data on the calendar due to the holiday, and even the earnings calendar is relatively quiet. Yesterday was one of those relatively uncommon days where it didn't matter if you were in stocks or bonds- they both had a rough day. While the S&P 500 was down around 0.80%, long-term treasuries dropped more than twice as much as the iShares 20+ Year US Treasury ETF (TLT) fell 1.83%. Over the last ten years, there have been just 34 other days where SPY and TLT both finished the day down more than 0.75%, and in the charts below we summarize the performance of both ETFs in the day, week, and month following each prior occurrence. Starting with SPY, the day after the 34 prior occurrences its median gain has been 0.17% with gains 57% of the time which is better than the average one-day performance for all one-day periods over the last ten years. However, as you move out over the next week and month, median performance following these days where both SPY and TLT were down 0.75% or more, returns have actually been negative and well below the long-term average. In fact, both one week and one month later, SPY was higher less than half of the time. Although SPY has tended to show weaker than average performance over the following week and month, TLT's median one-week and one-month performance has been better than average. In fact, one month following the 34 prior occurrences, TLT only fell five times.
BYND seems to be high in sodium too, I am not making a switch maybe until they have a lower sodium product
Bought some names that were beaten down yesterday (MNDY, RBLX and GLBE), didn't take profits, I hope I won't regret tomorrow
Top of the morning Stockaholics! Happy Friday to all of you! And welcome to the final trading day of the week and a frrrrrrrrrrrresh start! Here is a quick check on those futures as we are just under 2 hours from the cash market open. GLTA on this Friday, November the 12th, 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 on this final trading day of this week, and have an awesome weekend ahead! https://www.reddit.com/r/StockMarket/comments/qsbbep/1112_fridays_premarket_stock_movers_news/
Morning Lineup - 11/12/21 - Splits-ville Fri, Nov 12, 2021 First, it was General Electric (GE) and now it's Johnson & Johnson (JNJ) which has announced that it will split up and separate its consumer business from its pharma and medical device unit. The stock is trading up 3% on the news but is still well off its recent highs from August. The rally in JNJ has provided a lift to Dow futures along with the S&P 500 and Nasdaq, but unless equities can meaningfully build on these early gains during the trading day, all three major averages will finish the week in the red ending a five-week streak of gains. On the economic calendar today, the only two reports are JOLTS and Michigan Confidence. The JOLTS reading is expected to show a modest decline from last month's reading, which you may recall came in significantly weaker than expected. Michigan Confidence is expected to show a small bounce, but the key in that report will be where inflation expectations stand. While the S&P 500 is lower over the last five trading days heading into today, the majority of sectors have actually experienced gains during that five-day stretch. Leading the way higher, Materials (XLB) has rallied more than 2.5%, followed by Industrials (XLI), Consumer Staples (XLP), and Energy (XLE). On the downside, Consumer Discretionary (XLY) has dropped more than 3% while Communication Services (XLC) is down more than 1%. The only two other sectors that have declined are Health Care (XLV) and Technology (XLK).
U and RBLX having another monster day, I wouldn't be surprised to see these metaverse stocks going on a run like the EV stocks have been
Here are the most anticipated earnings releases as well as the highest volatility earnings releases for next week courtesy of earnings whispers. And here is the market week ahead thread which is now up on Reddit for anyone looking for a quick read over this coming weekend: https://www.reddit.com/r/StockMarket/comments/qt087n/wall_street_week_ahead_for_the_trading_week/ Have yourself a splendid weekend folks, and a great trading week ahead.
Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the first trading day of the new week and a frrrrrrrrrrrresh start! Here is a quick check on those futures as we are just under 4 hours from the cash market open. GLTA on this Monday, November the 15th, 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 on this brand spanking new trading week! https://www.reddit.com/r/StockMarket/comments/qugmzm/1115_mondays_premarket_stock_movers_news/
Morning Lineup - 11/15/21 - Earnings Season: The Final Stretch Mon, Nov 15, 2021 We're heading into the final days of earnings season this week, and so far the results have been very positive. Whether earnings season ends on a positive note or not will depend on how the market reacts to a slew of high profile earnings reports from the retail sector - most notably Walmart (WMT) and Home Depot (HD) on Tuesday, Lowe's (LOW) and Target (TGT) on Wednesday, and then Kohl's (KSS) and Macy's (M) on Thursday. Consumers still appear to be in a strong financial position but as last week's sentiment report from the University of Michigan showed, they aren't feeling particularly optimistic. And as the quote above implies, consumer sentiment is the key to retail sales. Futures are higher to kick off the week, and it's a slow day for economic data with Empire Manufacturing the only report on the calendar, and it came in better than expected. The 10-year yield is modestly lower this morning and WTI is down over $1 and back below $80 per barrel. Speaking of oil, the recent pattern for WTI has been interesting. With the commodity having basically doubled over the last year, it's hard to say anything negative about its performance, but we would note that the most recent peak in late October coincided right with its trendline of higher highs since the beginning of the year. Since that peak, though, the recent pullback has seen WTI break its short-term uptrend line from the most recent low in August. As it attempted to bounce back in mid-November, the rally stalled out right at that former uptrend line. The key level to watch going forward will be right around $78.50 which would represent a lower low. As long as that level holds in the short-term energy bulls probably don't have a lot to worry about, but it's a level that should be kept on the radar.
Crowdstrike stock dips after downgrade; analyst says 'competition is on the rise' - MarketWatch CrowdStrike stock drops more than 10% as Morgan Stanley starts coverage with sell rating - MarketWatch Not getting much love from Wall Street lately and the stock has been getting hammered. I still like it as a growth play but probably not touching it until its earnings on December 1st. If it gets hammered again after earnings then I might become interested
