biotech and semis finally bouncing back in a big way. lets see if it can continue to ride the momentum this week. xbi playing with the 200 day again
Good day today, news was good retail numbers. But one retailer, reporting this week, not breaking out yet.
Cramer said he liked LRCX. They have a $5B buyback program (some will be funded by borrowing), which is ~20% of their current market cap.
Good Tuesday morning to all. Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open- <-- click there to read! Hope everyone has a great trading day ahead today.
Morning Lineup – Brexit and Boeing Mar 12, 2019 Today’s Morning Lineup is brought to you by the letter “B” as Brexit and Boeing are the major drivers of headlines this morning. Regarding Brexit, while things looked promising ahead of today’s vote after last night’s deal between PM May and EU President Juncker, reality has set in overnight, and the prospects of the deal passing a vote in Parliament aren’t looking entirely promising at this point. Meanwhile, Australia and Singapore joined the growing list of countries grounding flights of the 737 Max, and just now Malaysia announced the same. While the FAA deemed the 737 Max airworthy overnight, it also sent a mixed message mandating Boeing to push certain changes to the 737’s flight control system by ‘no later’ than April. In economic news, the NFIB Small Business Optimism Survey increased versus January but came in lighter than expected, while CPI was right in line with forecasts at both the headline and core levels. Software has been a key group for the market over the last year, and yesterday’s rally took the S&P 500 Software group back within 1% of an all-time high. On Friday, the index bounced right at what was former resistance levels which was an encouraging sign. This group is dominated by Microsoft (MSFT) but is also comprised of Oracle (ORCL) Adobe (ADBE), and salesforce.com (CRM). Watch this group in the coming days to see if it can lead the broader market higher.
NYC announces citywide Meatless Mondays https://www1.nyc.gov/office-of-the-...-brooklyn-borough-president-adams-citywide#/0 “We are not taking climate change seriously unless we are talking about the astounding role animal agriculture and meat production plays in greenhouse gas emissions. Mitigating the effects of climate change means thinking outside the box and that means looking at the foods we purchase especially when it comes to what we feed our children in public schools. We’ve all gotta do our part to protect our planet,” said Council Member Justin Brannan. “Expanding Meatless Mondays will not only help raise awareness of reducing meat consumption but it will absolutely make a difference when it comes to the amount of carbon dioxide our city contributes to the atmosphere.” I think this is why WEN and JACK are struggling, as they lack meat alternatives (not counting salads, as these are burger joints). MCD at least has a fish burger, which may fall under meatless; not sure how fish agriculture compares to meats in terms of greenhouse gases. On the other side of the coin, YUM and CMG are doing just fine, and what do ya know? They have no-meat food items, you can get a bean/potato burrito.
Good Wednesday morning to all. Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open- <-- click there to read! Hope everyone has a great trading day ahead today.
Morning Lineup – Positive Bias in a Quiet Tape Mar 13, 2019 Besides Brexit and Boeing again today, there really isn’t a lot going on in markets this morning. US futures are indicated modestly higher, and Boeing is trading down again. The stock is off its lows, though, as it attempts to bounce back from its first back to back declines of 5%+ in nearly a decade. After bouncing back nicely from its early lows on Friday, the S&P 500 is currently less than 5% from its September all-time high, while the 60+ industries in the index are down an average of close to 10%. What’s most surprising about where individual groups stand relative to their highs, though, is that the groups at the top are all Utilities. As shown below, Water, Multi, and Electric Utilities all hit 52-week highs yesterday and closed out the session less than 1% from those highs.
wow, i gotta be completely honest here but i did not expect this kind of week after the way we backed off that 2800 pretty convincingly. nice to finally be breaking through that resistance after so many tries! now to see if we can get some follow through in the days/weeks to come
Haha yeah I thought we would fail to break 2800 again today to be honest, let’s see if we can stay above of it for the next few sessions Good to see the site is back on too, was a little worried when I couldn’t log in earlier today
BREAKING: President Trump says U.S. issuing "emergency order" grounding all Boeing 737 Max 8 and Max 9 aircraft after Ethiopia crash https://mobile.twitter.com/AP/status/1105899811230924800 BA falls 2%
