Stock Market Today: June 20th - 24th

Discussion in 'Stock Market Today' started by Stockaholic, Jun 17, 2016.

  1. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    ive heard midnight, but i havent been able to confirm that yet.
     
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    @Tiptopptrader
    Vegas is getting an NHL franchise. League will have 31 teams.
     
  3. leonx81

    leonx81 Well-Known Member

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  4. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    ok, cool, so i can get out of my NUGT for a quick profit before friday and get out the way of that binary event.
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Futures up pretty nicely right before the Brexit vote :eek:
     
  6. Tiptopptrader

    Tiptopptrader Well-Known Member

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    It sure is

    upload_2016-6-22_18-19-20.png
     
  7. internationalstocks

    internationalstocks Active Member

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    Futures are up and Asian Indexes are up. Either all governments know something or all collaborated together on this to buy before the news is out and possibly dump after..
     
  8. internationalstocks

    internationalstocks Active Member

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    To me this just does not make sense. What person in their right mind would buy right before the Brexit news?? If anything people would short like Soros supposedly did along with Carl Icahn.
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah I have no idea why people would be so confident in buying right ahead of such an important event :confused: If the market gaps up on Friday morning because the British vote to stay in the EU, it could be a good opportunity to short :D
     
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  10. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Yes and the Tourism committee is to recommend Raiders stadium in Las Vegas. Looking forward this will add big revenue for the casinos with MGM being the biggest winner on this.
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    It's looking like the market will go up after this Brexit vote. Sellers are not strong enough right now. So I'm thinking the game they're playing is gapping the market up overnight and let it drift back during the day. So people see their stocks falling in price, cause oh no Brexit, and sell their stocks. The big players are using the futures market to get their hands on stocks.
     
  12. internationalstocks

    internationalstocks Active Member

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    image.jpeg
    Yeah.. Futures now are like they are high on drugs prior to Brexit vote results. I just can not picture your average investor being bullish prior to vote but then again when you look at the overall picture the DAX in Europe is pretty much still down for the year from the January 4th opening. It finished 2 quarters down for this year but it currently up from its previous lows.
     
  13. internationalstocks

    internationalstocks Active Member

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    Japan's economy is up the creek from the way I see it now. Nikkei was at 20,000 and now it is around 15600-16200 while the YEN gained from 125 to under 105 this year which is horrible for Japan's already lagging economy. I do not see this working out so well. Many Asian economies are not doing so well now these days as exports are down and currencies are too strong to boost exports.

    Asian economies need lower currencies to boost exports and American consumers need stronger dollar to be able to purchase goods at a cheaper price in America while American manufacturers need a weaker dollar to boost exports (As Trump would tell us lol..)
     
  14. internationalstocks

    internationalstocks Active Member

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    One thing to keep in mind is that today is roller coaster day in Europe. Every Thursday (or usually in most cases that is) the DAX does a reversal every Thursday. Take now now of Futures for DAX being up 104 points at about 10,145
    Let's see how this holds up for today or tomorrow.
     
  15. internationalstocks

    internationalstocks Active Member

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    image.jpeg Talk about a squeeze on shorts. This is a Python squeeze
     
  16. T0rm3nted

    T0rm3nted Moderator
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  17. StockJock-e

    StockJock-e Brew Master
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    Early movers: HD, BBRY, BBBY, RHT, TWLO, GE, VRX

    http://www.cnbc.com/2016/06/23/early-movers-hd-bbry-bbby-rht-twlo-ge-vrx-more.html


    Home Depot — Nomura upgraded the home improvement retailer's stock to "buy" from "neutral," saying the company is gaining market share and competitive advantages, as well as benefiting from an improving overall market.

    BlackBerry — BlackBerry posted a breakeven quarter, compared to consensus estimates of an eight cents per share loss, but revenue was well below forecasts. The company did give a full-year forecast that calls for a loss of 15 cents per share, smaller than consensus, and said it is on track for 30 percent growth in software and services.

    Accenture — The consulting firm matched estimates with earnings of $1.41 per share for its third quarter, with revenue exceeding Street forecasts. It also raised its full-year earnings forecast, as margins expand and new bookings grow.

    Valeant Pharmaceuticals — The drugmaker's stock was cut to "neutral" from "overweight" at JPMorgan Chase, which cites ongoing core product challenges.

    Boeing — Morgan Stanley began coverage on Boeing with an "overweight" rating, citing significant margin expansion opportunity, as well as the stock's recent underperformance. Separately, CEO Dennis Muilenburg said demand for passenger jets is getting stronger, telling French newspaper Le Figaro that there will be demand for 38,000 new jets over the next 20 years.

    Bed Bath & Beyond — The retailer reported quarterly profit of 80 cents per share, six cents a share below estimates. Revenue also missed the mark as comparable store sales fell by 0.5 percent during the quarter. However, the company did affirm its prior profit outlook for the full year.

    Intuit — Goldman Sachs added the financial software maker to its "Conviction Buy" list, saying Intuit is doing a better job of retaining customers and due to increased confidence in subscriber growth for the company's QuickBooks Online service.

    Twilio — Twilio will begin trading today on the New York Stock Exchange after pricing its initial public offering at $15 per share, above the expected range of $12 to $13 per share. The company is a provider of tools for app developers.

    Red Hat — Red Hat earned an adjusted 50 cents per share for its latest quarter, matching Street estimates, with revenue also above forecasts. However, the distributor of Linux software gave a weaker-than-expected current-quarter outlook due to costs related to its newly announced acquisition of software provider 3scale. Red Hat also announced a $1 billion share repurchase program.

    Barnes & Noble — Barnes & Noble said sales at existing stores should be flat to up one percent for the current fiscal year, as the bookstore operator moves to increase customer traffic. That's a better outlook than some analysts had been expecting.

    Bank of America — The bank is near a settlement with the Securities and Exchange Commission in a case involving the safeguarding of client accounts, according to The Wall Street Journal. The paper said the settlement is expected to be in the range of $400 million to $450 million.

    Royal Bank of Scotland — RBS has gotten a number of bids for its Greek shipping finance business, according to Reuters, in a possible sale that could be worth up to $3 billion.

    Viacom — Ousted directors can remain on the board for now, according to a Delaware court judge's decision, until a final determination is made on controlling shareholder Sumner Redstone's mental competence. Redstone moved to replace five directors last week and his National Amusements petitioned the court to affirm the move, but those directors filed suit to invalidate the dismissals.

    General Electric – GE reached an agreement to sell its French consumer credit unit, GE Money Bank, to private-equity firm Cerberus, pending approval by regulators.

    Amazon.com — Amazon was fined $130,000 by the Federal Aviation Administration for allegedly mishandling shipments of dangerous chemicals.
     
  18. Tiptopptrader

    Tiptopptrader Well-Known Member

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  19. Tiptopptrader

    Tiptopptrader Well-Known Member

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    I was wrong on the dates for Brexit vote by one day and the start of the the stress tests will be after the bell.
     
  20. LloydWCoutee

    LloydWCoutee Active Member

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    Might be a good idea to short US banks and S&P right now...
     

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