Daily Discussion - Main Discussion thread

Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.

  1. bearmarketcrash

    bearmarketcrash Well-Known Member

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    Top of the morning Stockaholics! Happy Tuesday to all of you! And welcome to the new trading day and a frrrrrrrrrrrresh start! Here is a quick check on those futures as we are just over 2 hours from the cash market open.

    GLTA on this Tuesday, November the 16th, 2021. :thumbsup:

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  2. bearmarketcrash

    bearmarketcrash Well-Known Member

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    Morning Lineup - 11/16/21 - Retail Detail
    Tue, Nov 16, 2021

    Home Depot (HD) and Walmart (WMT) are on the tape this morning as earnings season winds down. Both companies reported better than expected results on both the top and bottom lines. WMT even raised guidance citing strong results in its eCommerce unit. In reaction to the reports, both stocks are modestly higher with gains of between 1.0% and 1.5%.

    Retailers are dominating the earnings headlines this morning and Retail Sales will dominate the economic data as well. There are a number of other reports on the calendar for today (Import Prices, Capacity Utilization, Industrial Production, Business Inventories, and Homebuilder Sentiment), but Retail Sales will kick the day off and likely be the most important release for investors.

    Ahead of all the data, US equity futures are flat to modestly higher on the morning, treasury yields are modestly lower, and crude oil is back above $81. The real action this morning has been in the crypto space as most major currencies are down at least 5%. Bitcoin briefly dropped below $59K and tested its 50-day moving average but has rebounded back above $60K since. Factors being cited for the move include the stronger dollar and another round of regulatory crackdowns in China as the government refers to crypto mining as 'extremely harmful'.

    We reached the mid-point of Q4 yesterday, and it's hard to find much to complain about if you are a bull. Besides the fact that SPY is already up nearly 9%, four sectors have rallied by double-digit percentages. Looking at these four sectors, though, they aren't necessarily ones you would look at as typically rallying in unison with each other.

    With inflation being the number one concern of investors these days, the fact that Materials and Energy are near the top of the list in terms of performance shouldn't come as much of a surprise, but the fact that they are accompanied by Consumer Discretionary and Technology is a bit surprising. Consumer Discretionary is a sector that typically underperforms during inflationary periods, but it's actually the top-performing sector so far this quarter. Similarly, Technology, which is usually associated with growth stocks that should come under pressure when inflation is a concern as future earnings are discounted at a higher rate, has rallied nearly 12%.

    Given some of the enormous market caps of some of the largest stocks in the S&P 500, some of the sector performance figures are skewed a bit. Consumer Discretionary is a perfect example. With Tesla's (TSLA) market cap topping a trillion dollars recently, the stock's weight in the sector is above 15%, so the fact that it has rallied more than 30% already this quarter (even after dropping 18% in less than two weeks) is a big reason for the sector's outperformance. Within the technology sector as well, some of the largest stocks in the index have much more reasonable valuations than many other smaller names within the sector and given their dominant positions, they also have attractive earnings profiles.

    On the downside, there is none so far this quarter, but the only two sectors that are up less than 5% so far on the quarter are Communication Services (XLC) and Health Care (XLV).

    [​IMG]
     
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  3. emmett kelly

    emmett kelly Well-Known Member

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    Benzinga Pro's Top 5 Stocks To Watch For Tuesday, Nov. 16, 2021: PTON, LCID, HUDI, DPW, PIXY
    9:02 am ET November 16, 2021 (Benzinga) Print

    Today's 5 Stock Ideas:

    • Peloton Interactive (PTON) - The company announced a $1 billion common stock offering. While shares initially moved lower, the stock rebounded off a pre-market low at $43.64 and was trading higher, up about 3%.

    • Lucid (LCID) - The most-searched ticker on Benzinga Pro over the last 24 hours. The company reported quarterly results after market close on Monday. Shares were up about 11% following the results. Other electric vehicle manufacturers traded higher in sympathy, including Rivian (RIVN) and Fisker (FSR).

    • Huadi International (HUDI) - A top short squeeze candidate, according to data collected by Benzinga's Chris Katje.

    • Ault Global (DPW) - A play on momentum in SilverSun Technologies (SSNT), which closed up 20% on Monday. Ault Global Chair and Founder tweeted Monday and noted Ault Global is the second largest shareholder in SilverSun.

    • ShiftPixy (PIXY) - Company CEO Scott Absher will interview on Benzinga's 'Benzinga Live' YouTube show Tuesday at 12:15 p.m. EST.
    © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
     
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  4. bearmarketcrash

    bearmarketcrash Well-Known Member

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  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    EV stocks on fire again :eek: LCID and RIVN had another good day. I have been a bagholder of GOEV for awhile but I was able to sell for a little bit of a profit with its surge today :p
     
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  6. bearmarketcrash

    bearmarketcrash Well-Known Member

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    Top of the morning Stockaholics! Happy Hump Day to all of you! And welcome to the new trading day 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 Wednesday, November the 17th, 2021. :thumbsup:

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  7. bearmarketcrash

    bearmarketcrash Well-Known Member

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    Morning Lineup - 11/17/21 - Soft Housing Data
    Wed, Nov 17, 2021

    Futures have been weakening as we write this and are now pointing to a negative open ahead of some important housing data at 8:30 AM. Housing Starts came in at 1.52 million annualized which was weaker than expected and the second straight month that the headline reading missed expectations. Building Permits also missed forecasts for the second straight month coming in at a level of 1.630 million versus forecasts for a rate of 1.644 million.

    Ahead of today's reports on Building Permits and Housing Starts for October, yesterday's release of homebuilder sentiment for November came in significantly stronger than expected suggesting that the recent uptick in interest rates hasn't deterred potential homebuyers. Rising rates also haven't had a negative impact on homebuilder stocks recently either. In yesterday's trading, the iShares Home Construction ETF (ITB) didn't quite trade at a new intraday high, but it did manage to hit a new high on a closing basis. Meanwhile, the S&P Homebuilders ETF (XHB) not only hit a new intraday higher yesterday, but it has been trading at new highs on a pretty regular basis in recent days. Unlike ITB, which is more of a pure-play on homebuilders, XHB has more exposure to companies like Home Depot (HD) and Lowes (LOW) that supply homebuilders as well.

    [​IMG]
     
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  8. bearmarketcrash

    bearmarketcrash Well-Known Member

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  9. emmett kelly

    emmett kelly Well-Known Member

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    12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session
    8:42 am ET November 17, 2021 (Benzinga) Print

    Gainers

    • Canoo (NASDAQ:GOEV) shares rose 20.47% to $12.59 during Wednesday's pre-market session. The market value of their outstanding shares is at $2.9 billion. As per the news, the Q3 earnings report came out 2 days ago.
    • La-Z-Boy (NYSE:LZB) stock rose 7.61% to $40.24. The market value of their outstanding shares is at $1.7 billion. The company's, Q2 earnings came out yesterday.
    • Puxin (NYSE:NEW) shares increased by 6.03% to $0.6. The market value of their outstanding shares is at $52.3 million.
    • Volta (NYSE:VLTA) shares rose 5.82% to $12.35. The market value of their outstanding shares is at $2.0 billion.
    • Lucid Gr (NASDAQ:LCID) stock moved upwards by 5.43% to $58.54. The market value of their outstanding shares is at $94.7 billion. As per the press release, Q3 earnings came out 2 days ago.
    • Jiuzi Holdings (NASDAQ:JZXN) shares rose 5.03% to $2.71. The company's market cap stands at $58.0 million.
    Losers

    • Cato (NYSE:CATO) shares fell 6.64% to $18.0 during Wednesday's pre-market session. The company's market cap stands at $405.7 million.
    • Rivian Automotive (NASDAQ:RIVN) shares fell 4.44% to $164.38. The market value of their outstanding shares is at $142.7 billion.
    • Century Casinos (NASDAQ:CNTY) stock declined by 4.23% to $14.5. The market value of their outstanding shares is at $429.4 million.
    • Baozun (NASDAQ:BZUN) stock decreased by 3.71% to $18.03. The market value of their outstanding shares is at $1.4 billion.
    • LightInTheBox Holding (NYSE:LITB) shares decreased by 3.62% to $1.6. The market value of their outstanding shares is at $179.3 million.
    • Beachbody (NYSE:BODY) stock decreased by 3.55% to $3.54. The market value of their outstanding shares is at $1.0 billion. The company's, Q3 earnings came out 2 days ago. See Also: www.benzinga.com/money/best-consumer-cyclical-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.
     
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  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    A lot of focuses have been on the poor performances of The Chinese stocks this year but seems like the Brazilian stocks have done all that well too, PAGS and STNE both have been down big this year and DLO from Uruguay is also getting hit. JMIA from Africa is also doing poorly, global inflation is probably hitting those regions badly :eek:
     
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  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Another view is PAGS and STNE are fintech, and fintech is just doing poorly right now.

    Amazon going after Visa in Europe now (80% of credit cards in Europe are Visa...can still use Visa debit for what it's worth), after initiating their attack in Australia. How long til the US gets it?
    Going after them because the fees are too high, Amazon hath spoken.

    Paypal got a downgrade today. SQ is down since February when the ARK funds peaked.
     
  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah fintech is definitely doing poorly now. I still kinda like SOFI and got in yesterday though, might add more if it dips more later on :D TSLA is the biggest position of the ARK funds and yet they have done poorly this year :eek: The Cathie Woods trades just aren't working this year
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Some people also think the Lakers will eventually accept crypto.com coins as payments, I am guessing the probability is pretty high too :eek:
     
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  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Yeah not even the mighty TSLA has been able to hold the ARK funds up.

    I hear crypto.com is the Coinbase of Europe, so I guess they're trying to make a splash in America. We'll see if they last 20 years.
     
  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    ROKU dropped big today. I've heard the Roku performs slowly with apps nowadays (a case of apps requiring more computing power than before). I've been wondering if the Nvidia Shield could start to take that space over. We'll see if NVDA says anything about that today.
     
  18. bearmarketcrash

    bearmarketcrash Well-Known Member

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    Top of the morning Stockaholics! Happy Thursday to all of you! And welcome to the new trading day and a frrrrrrrrrrrresh start! Here is a quick check on those futures as we are just about 3 hours from the cash market open.

    GLTA on this Thursday, November the 18th, 2021. :thumbsup:

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  19. bearmarketcrash

    bearmarketcrash Well-Known Member

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    Morning Lineup - 11/18/21 - Philly Fed Jumps
    Thu, Nov 18, 2021

    We may be at the tail end of earnings season, but it's not going out quietly as we're seeing some significant earnings-related moves this morning. On the downside, both Cisco (CSCO) and Alibaba (BABA) are down over 6% as they both missed sales estimates and lowered guidance. On the upside, even after the run it has had into earnings, Nvidia (NVDA) is up over 8%. In the retail space, a number of stocks including Victoria's Secret (VSCO), Kohl's (KSS), and Macy's (M) are all up by at least 7%.

    Today is also a fairly busy one for economic data as well with Jobless Claims and the Philly Fed at 8:30 and then Leading Indicators at 10 AM. Then, at 11 AM we'll close out the week's economic calendar (there are no reports scheduled for tomorrow) with the KC Fed r manufacturing report. Jobless Claims were pretty much right inline with expectations coming in at a post-COVID low of 268K while continuing claims were much lower than expected at 2.08 million. The Philly Fed report also came in better than expected coming in at a level of 39.0 which was the best reading since April.

    Relative to last Wednesday's close, major US equity averages have generally had a positive bias but have seen little in the way of moves in either direction. As shown in our Trend Analyzer snapshot of US index ETFs, the only one that has moved up or down 1% during this period is the Micro-Cap index (IWC) with a decline of 1.17%. Despite the decline, though, IWC remains at overbought levels and is still one of the top-performing ETFs YTD. Behind IWC, the next worst performing index ETF in our snapshot is IWM which is down 0.9% over the last week. Like IWC and every other index ETF listed below, IWM remains at overbought levels, so it's not as though these moves have been significant.

    [​IMG]

    With small caps and large caps at two different ends of the performance spectrum this week, we wanted to highlight each index's price chart to show how the moves look from a longer-term perspective. IWM has seen a pretty swift reversal in the last week, but it also follows a short-term move that was much steeper to the upside. Large caps like SPY, on the other hand, saw more gradual (relatively) increases leading up to their recent highs and remain right near all-time highs with the S&P 500 actually coming up just short of a record closing high on Tuesday.

    [​IMG]
     
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  20. bearmarketcrash

    bearmarketcrash Well-Known Member

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