DOCU dropped straight down with no support, after hours trading at lows of the year. They're supposed to make 62 cents/share GAAP profit in 2 years, but I don't know. The 46% forecasted growth rate may start coming down.
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 a little over 3 hours from the cash market open. GLTA on this Friday, December the 3rd, 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 the week! https://www.reddit.com/r/StockMarket/comments/r7z0x6/123_fridays_premarket_stock_movers_news/
Morning Lineup - 12/3/21 - A Day of Rest? Fri, Dec 3, 2021 After five days where the S&P 500 has moved up or down 1%, futures are practically flat this morning as the market tries to catch its breath from all the volatility. The quiet tone may not last long, though, as Non-Farm Payrolls was just released and came in much weaker than expected at just 210K compared to estimates for a gain well in excess of 500K. Despite the weak print, the unemployment rate was much less than expected (4.2% vs 4.5%). In terms of average hourly earnings, month/month growth was 0.3% vs 0.4%. In addition to the jobs data, we'll be getting ISM Services, Factory Orders, and Durable Goods all at 10 AM. The initial reaction to the jobs number has been slightly positive with Nasdaq futures leading the way. Last night, the state of New York announced five additional COVID cases related to the omicron variant, and Hawaii announced one case. At this point, all the cases appear to be mild which is encouraging. In South Africa, where the variant was first detected, the number of cases has tripled within the last three days, but thankfully, hospitalizations are not rising nearly as fast. Barely a week after the omicron variant first made headlines, there's still a lot we don't know about this variant, but based on data so far, it doesn't appear to be any worse than other strains. It's been quite a week in the markets, so investors probably deserve a quiet day for a change. Check out the carnage that we've seen in US stocks since Thanksgiving when news of the Omicron variant first surfaced and then Powell's hawkish pivot this week. Every major US index ET we track in our Trend Analyzer is down more than 2%, while small caps are down more than twice that. Market cap has really been a factor in market performance this week as the Micro-Cap ETF (IWC) is down close to 6% while mega-cap indices like the Nasdaq 100 (QQQ) and S&P 100 (OEF) are both down less than 2.5%.
Another bloodbath for tech I still think it has more to do with the taper rather than the new variant although the variant plays a role too for sure. If the variant is a much better concern than the taper then the growth stocks wouldn’t be underperforming so much. I guess those earnings from DOCU and CRM don’t help too though
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!
End of day volatility spike, so we finish the day with a topping tail in the VIX. And the SPX closed today above Wednesday's close.
We've seen QQQ going doing down sharp before - and then QQQ went up again. Why should it be different this time?
Today just kept going down...volatility rose and rose and hit a new high. But technically the SPX bottomed on Wednesday. It just hasn't been a sharp upward bounce
In case anyone had missed it earlier, here are the most anticipated earnings releases as well as the highest volatility earnings releases for next week. 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/r8eq9y/wall_street_week_ahead_for_the_trading_week/ Have yourself a splendid weekend, and a great trading week ahead Stockaholics.
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 over 2 hours from the cash market open. GLTA on this Monday, December the 6th, 2021.
Morning Lineup - 12/6/21 - Nasdaq Lags Mon, Dec 6, 2021 US equity futures are tentatively higher this morning with leadership in the Dow while the Nasdaq continues to lag. The economic calendar is empty today, but investors already have an eye out for Friday's CPI report. Omicron continues to be a concern, and while there's still a lot more we don't know than we do know about the latest strain, reports continue to suggest that despite the higher transmissibility, its impact has not been nearly as harsh. In the crypto space, bitcoin has been relatively stable since Sunday following a sharp decline Friday night into Saturday morning. While companies valued at high multiples to revenues have been hit hard since the emergence of the omicron variant and the FOMC's hawkish pivot just after Thanksgiving, there's been a decent amount of disparity in performance among international markets with developed markets falling in the last week while emerging markets actually eked out gains. As shown below in the snapshot of international regional ETFs from our Trend Analyzer, the worst-performing ETF of the group was the MSCI All Country World (ACWI) which fell just over 1%. Moving down the list, at the bottom, the lone ETFs that were positive on the week were related to Emerging Markets. US equities were also a drag on performance last week. While the ACWI was down just over 1%, CWI, which is the MSCI All Country World ex-US Index was only down -0.07% on the week.
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/ra8djf/126_mondays_premarket_stock_movers_news/ Apologies for the late post here! Getting a suuuuuuper late start this AM.
20 Stocks Moving in Monday's Pre-Market Session 6:50 am ET December 6, 2021 (Benzinga) Print Gainers CF Acquisition Corp. VI (NASDAQ: CFVI) rose 23.6% to $14.75 in pre-market trading on continued strength following the SPACs announcement of a merger with Rumble. Digital World Acquisition Corp. (NASDAQ: DWAC) rose 15.6% to $51.99 in pre-market trading. Trump Media & Technology Group Corp. and Digital World Acquisition confirmed on Saturday $1 billion "PIPE" investment in committed capital to fund business. GCP Applied Technologies Inc. (NYSE: GCP) rose 12.5% to $30.39 in pre-market trading. Saint-Gobain announced plans to buy GCP Applied Technologies in a deal valued at around $2.3 billion. Phunware, Inc. (NASDAQ: PHUN) rose 11.9% to $3.39 in pre-market trading after dipping over 13% on Friday. Remark Holdings, Inc. (NASDAQ: MARK) rose 11.2% to $1.19 in pre-market trading after dropping 10% on Friday. Sorrento Therapeutics, Inc. (NASDAQ: SRNE) rose 7.2% to $5.30 in pre-market trading. Sorrento, earlier Sunday, announced publication of a series of novel SARS-CoV-2 main protease (MPRO) inhibitors for potential treatment of COVID-19 patients infected with SARS-CoV-2 variants of concern, including omicron. LG Display Co., Ltd. (NYSE: LPL) rose 6.9% to $9.12 in pre-market trading. Ardelyx, Inc. (NASDAQ: ARDX) rose 5.3% to $1.60 in pre-market trading. Ladenburg Thalmann, last week, upgraded the stock from Neutral to Buy and announced a $6 price target. Also, Citigroup maintained a Buy rating and raised its price target from $7 to $13.. Chindata Group Holdings Limited (NASDAQ: CD) rose 5.1% to $6.22 in pre-market trading. Chindata Group recently named Jing Ju as CEO. Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep. Check out these big penny stock gainers and losers Losers Alset EHome International Inc. (NASDAQ: AEI) fell 37.1% to $0.68 in pre-market trading after the company priced its $30 million underwritten public offering. AST SpaceMobile, Inc. (NASDAQ: ASTS) shares fell 12.9% to $8.05 in pre-market trading. AST SpaceMobile, last month, posted Q3 EPS of $0.07 on sales of $2.45 million. Bitfarms Ltd. (NASDAQ: BITF) fell 10.7% to $5.58 in pre-market trading after tumbling 13% on Friday. Hut 8 Mining Corp. (NASDAQ: HUT) shares fell 10.4% to $8.40 in pre-market trading. Hut 8 Mining, last week, reported it mined 265 Bitcoin in November, down from prior months. Riot Blockchain, Inc. (NASDAQ: RIOT) shares fell 9.5% to $25.90 in pre-market trading after declining around 13% on Friday. Ebang International Holdings Inc. (NASDAQ: EBON) fell 9.2% to $1.18 in pre-market trading. Ebang International will hold its 2021 Annual General Meeting of on December 15, 2021. Conifer Holdings, Inc. (NASDAQ: CNFR) fell 8.6% to $2.01 in pre-market trading. Conifer Holdings, last month, posted a Q3 loss of $0.18 per share. Marathon Digital Holdings, Inc. (NASDAQ: MARA) fell 8.1% to $38.25 in pre-market trading amid a drop in the price of Bitcoin and Ethereum. Power & Digital Infrastructure Acquisition Corp. (NASDAQ: XPDI) shares fell 6.9% to $11.11 in pre-market trading after dropping more than 10% on Friday. Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX) fell 6.1% to $4.31 in pre-market trading. Cumberland Pharmaceuticals, last week, announced the FDA approved expanded labeling for Caldolor to now include use in pre-operative administration. Advanced Human Imaging Limited (NASDAQ: AHI) fell 5.2% to $4.36 in pre-market trading. Advanced Human Imaging, last month, announced closing of $10.5 million U.S. initial public offering. © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ok. I got out at 4590 for risk management and profit taking. I entered on Friday at SPX 4500. It could go higher, but this works with my trading plan
MDB and COUP earnings after the bell, will be interesting to see if they can avoid the selloff after earnings like a lot of their peers did
Yeah, I don't know much about individual companies and how they behave and what factors are key. I focus more on the general indexes like the SPX
A question I have is whether the SPX can do another deep collapse. I'd like that. I want to go back in at a nicer level for a long.
