34.1 - 35.2
18.22 - 45.49
Join Discuss about AIR with like-minded investors
@katiem23 #Market Masters Academy
thank you, been trynna have it downloaded on my macbook air but i haven't been able to do so, part of which i'm stuck on day 5
81 Replies 15 👍 7 🔥
UK Markets Closed higher yesterday, helped by gains in insurance and retail sector stocks. oneysupermarket.com Group jumped 8.9%, after the company announced that it has agreed to purchase Quidco for a consideration of £101.0 million. RHI Magnesita climbed 7.7%, after the company announced that it has acquired a stake in Turkish producer of refractories for the cement, steel, glass and other industries. Pearson advanced 2.5%, following a rating upgrade on the stock to ‘Neutral’ from ‘Underperform’. Bellway rose 1.6%, as the homebuilder increased its final dividend, after its annual profit more than doubled. On the other hand, International Consolidated Airlines Group dropped 5.8%, after a top broker downgraded its rating on the stock to ‘Hold’ from ‘Buy’. 888 Holdings fell 2.1%, after the gambling firm issued a dismal trading update. The FTSE 100 gained 0.2%, to close at 7,217.5, while the FTSE 250 rose 0.4%, to end at 23,054.1. . European Markets Finished mostly higher yesterday, amid strong corporate earnings reports. Delivery Hero rose 1.3%, after the online food ordering company announced that it bought a minority stake in on-demand start-up, Gorillas Technologies, for $235.0 million. On the flipside, Bachem Holding declined 10.9%, even though the biotech company announced that it raised CHF584 million by issuing 750,000 new shares. Tele2 dropped 4.3%, even though the telecom operator’s third quarter earnings came in line with market expectations. Telefon AB L.M. Ericsson fell 3.4%, after the company reported that its operations were impacted due to global supply chain problems. Danone shed 3.0%, after the food group’s sales growth slowed in the third quarter. The FTSEurofirst 300 index gained 0.4%, to close at 1,815.2. Among other European markets, the German DAX Xetra 30 rose 0.3%, to close at 15,515.8, while the French CAC-40 dropped 0.1%, to settle at 6,669.9. . US Markets Closed higher yesterday, amid upbeat strong US third quarter corporate earnings results. Johnson & Johnson rose 2.3%, after the pharmaceutical company reported better than expected earnings in the third quarter. Travelers gained 1.6%, after the company reported upbeat results in the third quarter. Apple edged up 1.5%, after the company launched its new Mac personal computers and upgraded set of Air Pods as it expands its holiday lineup. On the other hand, Ulta Beauty dropped 10.6%, after the company revealed its long-term financial targets. Philip Morris International fell 1.7%, even though the cigarette and tobacco company reported higher than expected revenue in the third quarter. Procter & Gamble shed 1.2%, after the company reported a drop in its first quarter profit. The S&P 500 gained 0.7%, to settle at 4,519.6. The DJIA rose 0.6%, to settle at 35,457.3, while the NASDAQ advanced 0.7%, to close at 15,129.1. . Asian Markets Trading mostly higher this morning. In Japan, ANA Holdings and Keio have advanced 3.2% and 3.9%, respectively. Meanwhile, Nippon Yusen and Hitachi Zosen have dropped 2.7% and 4.1%, respectively. In Hong Kong, Sands China and Meituan have risen 2.3% and 2.8%, respectively. Meanwhile, Hang Seng Bank and WH Group have fallen 0.9% and 2.5%, respectively. In South Korea, BK Tops and NeXT Science have declined 5.3% and 6.2%, respectively. Meanwhile, Shinwon and Ascendio have climbed 8.0% and 14.6%, respectively. The Nikkei 225 index is trading 0.2% higher at 29,261.5. The Hang Seng index is trading 1.4% up at 26,150.8, while the Kospi index is trading 0.1% lower at 3,026.6.
68 Replies 14 👍 7 🔥
@katiem23 #Market Masters Academy
yall have any idea how to install mt4 on a macbook air
105 Replies 8 👍 13 🔥
/CL into some air on the weeklies could see 92 a barrel if this crap keeps up
59 Replies 14 👍 11 🔥
ivam, e questa è l ultima per venerd' 15 in on air grazie
128 Replies 7 👍 6 🔥
IVAN questa è per venerdì 15 ott in on air
116 Replies 11 👍 11 🔥
Elon Musk -- Yes, we are talking to airlines about installing Starlink. Please let them know if you want it on your airliner. Low latency ~half gigabit connectivity in the air!
66 Replies 12 👍 14 🔥
love is in the air
103 Replies 10 👍 6 🔥
UK Market Closed higher yesterday, after the British economy returned to growth. Man Group jumped 7.6%, after the active management business reported a rise in its funds under management in the third quarter, amid strong net inflows. Barratt Developments climbed 6.3%, after the house builder announced that the robust demand for its homes continued into the current fiscal year. On the other hand, RHI Magnesita dropped 6.9%, after a top broker downgraded its rating on the stock to ‘Sector Perform’ from ‘Outperform’ and lowered its target price to 3,700p from 4,750p. Centrica fell 4.6%, after the gas owner announced that it would delay its capital markets day due to an unknown crisis in the energy sector. Informa shed 2.4%, following a rating downgrade on the stock to ‘Sell’ from ‘Neutral’. The FTSE 100 gained 0.2%, to close at 7,141.8, while the FTSE 250 rose 0.7%, to end at 22,635.3. . Europe Market European markets finished higher yesterday, amid strong corporate earnings report. Spie climbed 8.5%, after the energy company announced that it has cancelled plans to acquire utility company, Engine’s Equans services unit. SAP advanced 3.9%, after the software group reported strong growth in its current cloud backlog across its cloud portfolio. LVMH Moet Hennessy Louis Vuitton rose 3.2%, after the luxury goods maker reported better than expected revenue and earnings in the third quarter. Infineon Technologies edged 1.8% up, despite reports that Apple would cut its production of iPhone 13, amid global chip shortage. On the flipside, Hannover Rueck fell 1.6%, after the re-insurance company pledged to achieve net zero emissions in business operations by 2030 and in its reinsurance portfolio and investments by 2050. The FTSEurofirst 300 index gained 0.6%, to close at 1,783.1. Among other European markets, the German DAX Xetra 30 rose 0.7%, to close at 15,249.4, while the French CAC-40 advanced 0.8%, to settle at 6,597.4. . US Market US markets closed mostly higher yesterday, after minutes from the US Federal Reserve’s (Fed) latest policy meeting indicated that the central bank would begin tapering its bond purchases before year-end. Vimeo surged 13.6%, after the video platform company reported strong year-on-year revenue growth in September. Plug Power jumped 12.8%, after the company announced that it has joined forces with aircraft maker, Airbus to decarbonize air travel and airport operations. BlackRock rose 3.8%, after the company reported better than expected revenue and earnings in the third quarter. Meanwhile, Delta Air Lines dropped 5.8%, after the company announced that it expects rising costs of fuel and other expenses to affect its fourth quarter earnings. Monster Beverage fell 3.0%, following a rating downgrade on the stock to ‘Hold’ from ‘Buy’. The S&P 500 gained 0.3%, to settle at 4,363.8. The DJIA marginally fell, to settle at 34,377.8, while the NASDAQ advanced 0.7%, to close at 14,571.6. . Asia Market Markets in Asia are trading higher this morning. In Japan, Konami Holdings, Toho Zinc and Kikkoman have advanced 3.2%, 3.3% and 3.7%, respectively. Meanwhile, Fukuoka Financial Group, Resona Holdings and T&D Holdings have dropped 2.5%, 2.9% and 3.4%, respectively. In South Korea, Choil Aluminum, Korea Line and Miwon Holdings have climbed 8.3%, 8.9% and 9.0%, respectively. Meanwhile, Aekyung Petrochemical, Thelma Therapeutics and Jcontentree have fallen 2.7%, 2.9% and 3.1%, respectively. Meanwhile, markets in Hong Kong are closed today on account of a public holiday. On Tuesday, the Hang Seng index fell 1.4% to close at 24,962.6. Today, the Nikkei 225 index is trading 1.0% higher at 28,425.9, while the Kospi index is trading 1.2% higher at 2,979.6.
89 Replies 9 👍 8 🔥
CITI lists ten innovations which they believe are building momentum across the globe, including: 3D architecture in semiconductor chips, alternative proteins, ammonia as fuel in jet propulsion, carbon capture and the alchemy of air, de-polymerizing plastics, mRNA, metaverse malls, NFTs, psychedelic drugs, and AI in transportation (CITI equity research).
134 Replies 9 👍 15 🔥
Ciao Renato ma on air oggi nn c'e' il link
80 Replies 12 👍 15 🔥
Comodo on air !
65 Replies 10 👍 9 🔥
UK Market UK closed mixed again yesterday, as concerns over rising inflation overshadowed gains in mining and energy sector stocks. Ferrexpo climbed 5.4%, after the company revealed its initial decarbonisation targets. Hargreaves Lansdown advanced 4.3%, after a top broker upgraded its rating on the stock to ‘Equal Weight’ from ‘Underweight’. XP Power added 3.4%, after the company reported a rise in its order intake in the third quarter. AstraZeneca rose 1.3%, after the pharmaceutical company announced that its antibody cocktail to combat Covid-19 reduced the severe risk of the virus or death in a phase 3 trial. On the other hand, Britvic fell 4.9%, after a top broker downgraded its rating on the stock to ‘Sector Perform’ from ‘Outperform’. ASOS plunged 13.4%, after the company issued a profit warning and as its Chief Executive Officer Nick Beighton stepped down from his position. The FTSE 100 gained 0.7%, to close at 7,146.9, while the FTSE 250 fell 0.2%, to end at 22,487.5. . Europe Market Finishing mostly higher yesterday, supported by gains in mining sector stocks. CGG surged 17.6%, after the global geo-science technology provider announced in its trading update stated that it expects to report stronger than expected revenue in the third quarter. ABN AMRO Bank rose 1.90%, after the lender revealed plans to replace its existing four business lines with three new units organised around client segments. LEG Immobilise edged up 1.3%, after the company announced that it has signed a letter of intent for the acquisition of about 15,500 residential units of Adler Group. The FTSEurofirst 300 index gained 0.1%, to close at 1,773.5. Among other European markets, the German DAX Xetra 30 fell 0.1%, to close at 15,199.1, while the French CAC-40 advanced 0.2%, to settle at 6,570.5. . US Market Closed lower yesterday, amid concerns over rising inflation and ahead of third quarter earnings reports. Southwest Airlines dropped 4.2%, after the air carrier has cancelled more than 2000 flights over the weekend due to staff shortage, air traffic control issues and unfavourable weather. ConocoPhillips fell 1.3%, after a top broker downgraded its rating on the stock to ‘Neutral’ from ‘Buy’. On the other hand, Aspen Technology climbed 12.3%, after the company announced that it has signed a deal Emerson Electric to merge with two of its software businesses. Cleveland-Cliffs advanced 4.0%, after the steel producer announced that it would acquire Ferrous Processing and Trading in a deal worth $775.0 million. The S&P 500 slipped 0.7%, to settle at 4,361.2. The DJIA fell 0.7%, to settle at 34,496.1, while the NASDAQ dropped 0.6%, to close at 14,486.2. . Asia Market Markets we’re trading lower this morning, amid concerns over rising inflation. In Japan, Z Holdings and Fast Retailing have dropped 2.6% and 3.1%, respectively. Meanwhile, JFE Holdings and Pacific Metals have advanced 2.6% and 4.9%, respectively. In Hong Kong, WH Group and CNOOC have fallen 2.3% and 2.7%, respectively. Meanwhile, Longfor Group Holdings and Sands China have risen 0.7% and 2.1%, respectively. In South Korea, Ascendio and NeXT Science have declined 6.2% and 7.8%, respectively. Meanwhile, UANGEL and Jico have climbed 10.1% and 29.7%, respectively. The Nikkei 225 index is trading 0.9% lower at 28,232.3. The Hang Seng index is trading 1.0% down at 25,074.2, while the Kospi index is trading 1.4% lower at 2,914.4.
144 Replies 11 👍 14 🔥
c'è il link nella chat "Radio Renato" - "On air" ;) > @giuliom76 said: Come ti trovo su you tube?
127 Replies 9 👍 12 🔥
Su RADIO RENATO, trovi i link nella chat sulla sinistra "On air!"
113 Replies 11 👍 12 🔥
Monday, October 11, 2021 U.S. stock futures are edging lower ahead of the Columbus Day holiday, with oil prices extending last week gains and moving to fresh 7-year highs ahead of key inflation data later this week and the upcoming earnings season, which starts Friday with the big banks ($JPM, $Citi). Over the weekend, Goldman Sachs cuts its 2021 economic growth forecast by 10 basis points, to 5.6%, while lowering its 2022 estimate by 40 basis point to 4% citing a “longer lasting virus drag on virus-sensitive consumer services” and the impact of an extended shortage in global semiconductors. The bond market is closed today in observance of the Columbus Day holiday after the 10-year yield closed at 1.612% on Friday, the highest level of the week. Oil prices extending gains, as WTI crude rises over $2.20 or 2.8% above $81.50. In Asian markets, The Nikkei Index rose 449 points (1.6%%) to 28,498, the Shanghai Index was little changed at 3,591, and the Hang Seng Index jumped nearly 2% or 487 points to settle at 25,325. In Europe, the German DAX is down about -50 points to 15,150, while the FTSE 100 is up about 0.25% at 7,110. Q quiet day expected ahead with no economic data and bond markets closed. Market Closing Prices Yesterday · The S&P 500 Index dropped -8.42 points, or 0.19%, to 4,391.34 · The Dow Jones Industrial Average fell -8.69 points, or 0.03%, to 34,746.25 The Nasdaq Composite slid -74.48 points, or 0.51%, to 14,579.54 · The Russell 2000 Index declined -17.00 points, or 0.76% to 2,233.09 Events Calendar for Today · No Major Economic Data Earnings Calendar: · Earnings Before the Open: AZZ, ENZ, FAST · Earnings After the Close: PNFP, SGH Other Key Events: · American Society of Retina Specialists Annual Scientific Meeting, in San Antonio, TX 10/8-10/12 World News · Goldman Sachs cuts its forecast for U.S economic growth over the weekend, citing a “longer lasting virus drag on virus-sensitive consumer services” and the impact of an extended shortage in global semiconductors. Goldman trimmed its 2021 growth forecast by 10 basis points, to 5.6%, while lowering its 2022 estimate by 40 basis point to 4%, adding that consumer spending is likely to be held back by pandemic uncertainty and a softer-than-expected fiscal response from the Biden administration. · Taiwan will keep bolstering its defenses to ensure nobody can force them to accept the path China has laid down that offers neither freedom nor democracy, President Tsai Ing-wen said on Sunday – Reuters Sector News Breakdown Consumer · Southwest Airlines ($LUV) cancelled 808 flights yesterday and has cancelled another 1,006 today, according to data from Flightaware.com. The company blamed the disruption on air traffic control issues and weather, although other major airlines are not delaying or cancelling flights at an elevated rate. There was speculation that some Southwest employees have called in sick in a form of protest over the mandatory vaccination rules in place, which have been unconfirmed · Hasbro ($HAS) said CEO Brian Goldner will take a medical leave of absence, effective immediately, slightly more than a year after disclosing that he was undergoing continued medical care following treatment for cancer in 2014. Energy, Industrials and Materials · Honeywell ($HON) raised its business outlook for jet deliveries on Sunday as travel restrictions ease as they now see 7,400 new business jet deliveries worth $238 bln over the next 10 years, up 1% from the same 10-year forecast a year ago. Business jet operators surveyed by Honeywell reported a sharp increase in their used jet purchase plans, 12% above last year’s report · Emerson Electric ($EMR) plans to merge two of its software businesses with Aspen Technology (AZPN) in a roughly $11B deal that values Aspen at around $160 a share, as shareholders would receive $87 and 0.42 share of the combined company for each share they currently own – WSJ https://on.wsj.com/3FxyVx7 · Cleveland-Cliffs ($CLF) agrees to acquire Ferrous Processing and Trading, one of the largest processors and distributors of prime ferrous scrap in the U.S., in a deal with an enterprise value of ~$775M. · Tutor Perini’s ($TPC) joint-venture signed a contract valued at ~$178 million by the U.S. Department of the Interior, Bureau of Reclamation, for the Friant-Kern Canal Middle Reach Capacity Correction Phase I project in central California, southeast of Visalia. Financials · Prudential ($PRU) mentioned positively in Barron’s saying for many years, Prudential Financial’s stock had a nice yield, but it didn’t offer much capital appreciation. The pandemic didn’t help, as the shares lost about 12% last year, dividends included, versus an 18% return for the S&P 500 index. But the market has changed its view, partly owing to an uptick in rates. On top of that, Prudential, whose businesses include life insurance, variable annuities, and asset management, is getting some credit for more-consistent earnings in recent years. Healthcare · Supernus Pharmaceuticals, Inc. ($SUPN) to acquire Adamas Pharmaceuticals, Inc. (ADMS) through a tender offer for $8.10 per share in cash (or an aggregate of approximately $400 million), payable at closing plus two non-tradable contingent value rights (CVR) collectively worth up to $1.00 per share in cash (or an aggregate of approximately $50 million), for a total consideration of $9.10 per share in cash (or an aggregate of approximately $450 million). · AstraZeneca ($AZN) Phase 3 trial met its primary end point; trial showed a reduced risk of death & severe C-19 by 67% in a trial where 90% of participants were from high-risk categories; only long acting antibody combination that can both prevent & treat C-19 · Merck ($MRK) submitted an Emergency Use Authorization (EUA) application to the U.S. FDA for molnupiravir, an investigational oral antiviral medicine, for the treatment of mild-to-moderate COVID-19 who are at risk for progressing to severe COVID-19 and/or hospitalization · Regenxbio ($RGNX) announces initial data from the ongoing Phase II ALTITUDE trial of RGX-314 for the treatment of diabetic retinopathy (DR) without center-involved diabetic macular edema (CI-DME) using in-office suprachoroidal delivery. · BeiGene ($BGNE) announced that BRUKINSA has been approved in Australia for the treatment of adult patients with mantle cell lymphoma who have received at least one prior therapy Technology, Media & Telecom · Apple ($AAPL) asked a federal appeals court on Friday to throw out a legal decision that would require the tech giant to tweak its strict App Store rules and force it to allow app developers to inform customers of ways to pay for subscriptions and services outside the App Store – NYT · Gray Television ($GTN) a positive mention in Barron’s saying at about $23.50 a share, it has a price/earnings ratio of five based on 2022 estimates. It looks like an inexpensive way to bet on broadcast as Gray’s strength in local news helps it make a killing in political ads · Toshiba Corp ($6502.T) said it would announce the results of a strategic review of its business along with its quarterly earnings results and a new mid-term business plan on Nov. 12. A spokesperson said the results of Toshiba’s strategic review would be part of the new business plan. The company had previously said the review would be announced this month. · U.S.-listed Chinese tech stocks Alibaba ($BABA), JD.com ($JD) and Baidu ($BIDU) among market leaders early; BABA shares up over 5% after Reuters noted the Daily Journal Corp, chaired by Berkshire Hathaway Vice Chairman Charlie Munger, boosted its holdings in BABA by 83% during Q3, according to public disclosures. Also helping sentiment in China listed stocks, China’s antitrust regulator also fines delivery giant Meituan 3.4 bln yuan ($527.4 mln), a smaller than expected figure, for abusing its dominant market position · Comcast ($CMCSA) downgraded to Market Perform from Outperform at Raymond James
109 Replies 14 👍 15 🔥
Just air to 4440
70 Replies 14 👍 11 🔥
and hold pelts up in the air
134 Replies 9 👍 10 🔥
yeah big pockets > @Schmidy23 said: positioning is so wayward we're trading in air
147 Replies 11 👍 9 🔥
positioning is so wayward we're trading in air
74 Replies 12 👍 11 🔥
BOEING TO UNVEIL AIR FREIGHTER BASED ON 777X JET WITHIN WEEKS
63 Replies 11 👍 15 🔥
some backing and filling would be healthy here, but unfortunately the algos and air don't work that way
79 Replies 8 👍 10 🔥
taste like ionized air
127 Replies 12 👍 10 🔥
120 Replies 14 👍 12 🔥
hope it doesnt spike much more has free air soon
113 Replies 11 👍 11 🔥
and this is why you should say to yourself market is fine > @Gary19 said: i am no expert broski,i just knw many people think its going up on thin air. again, i may be wrong. times have changed and there are tons mroe investors,increase in tech,growth etc.
92 Replies 8 👍 12 🔥
i am no expert broski,i just knw many people think its going up on thin air. again, i may be wrong. times have changed and there are tons mroe investors,increase in tech,growth etc. > @RedSunCap said: its not really on crack
48 Replies 11 👍 9 🔥
France’s Market Authority Warns Against Proposed Air Next ICO https://www.coindesk.com/policy/2021/09/30/frances-market-authority-warns-against-proposed-air-next-ico/
89 Replies 13 👍 14 🔥
Thursday, September 30, 2021 Futures Up/Down % Last Dow 160.00 0.47% 34,425 S&P 500 20.25 0.46% 4,369 Nasdaq 70.50 0.48% 14,810 U.S. futures are looking at a bounce after stocks ended mixed on Wednesday as the technology sector struggled again as the 10-year Treasury yield was volatile, rising to highs around 1.55%, the highest levels since the summer. Helping market sentiment comes news out of D.C. as Senate Democrats say they have a bill they believe can avoid a Friday government shutdown while finding support across party lines. Majority Leader Chuck Schumer will hold a vote this morning, paving the way to President Joe Biden’s desk prior to the midnight deadline. The fate of the looming debt ceiling, which could prevent any further government borrowing beyond October 1, and the passage of both a $1 trillion infrastructure bill and a broader $3.5 trillion budget plan, remain unknown as House Democrats continue to bicker over the size, scope and timing of the twin pieces of legislation. China markets edged higher overnight after mixed data as PMI manufacturing showed a contraction, but services PMI beat consensus. In Asian markets, The Nikkei Index fell -91 points to 29,452, the Shanghai Index rose 31 points to 3,568 and the Hang Seng Index declined -87 points to 24,575. In Europe, the German DAX is down over -40 points to 15,320, while the FTSE 100 edges higher a few points to 7,120. European natural gas and power markets hit fresh record highs as supply constraints persist. U.S. markets come into the final trading day of the month with losses, the worst month this year as the Dow is down -2.75%, the S&P 500 -3.6%, the Nasdaq Composite down -4.9% and the Russell 2000 down -2.1%. Later today, markets get final Q2 GDP, weekly jobless claims, and PCE inflation data. Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 335K 8:30 AM EST Continuing Claims…est. 2.80M 8:30 AM ET Gross Domestic Product (GDP) for Q2-Final…est. 6.6% 8:30 AM ET GDP Personal Consumption for Q2-F…est. 8:30 AM ET GDP Deflator for Q2-F…est. 6.1% 8:30 AM ET PCE Prices Final for Q2-F 8:30 AM ET Core PCE Deflator Q2-F…est. 6.1% 9:45 AM ET Chicago PMI for Sept…est. 65.0 10:30 AM ET Weekly EIA Natural Gas Inventory Data Earnings Calendar: Earnings Before the Open: ANGO, $BBBY, $KMX, MKC, $PAYX Earnings After the Close: JEF Other Key Events: Cantor Global Healthcare Conference (virtual), 9/27-9/30 North American Spine Society Annual Meeting, in Boston 9/29-10/2 Wolfe Utilities & Midstream Conference 2021, 9/28-9/31 Market Closing Prices Yesterday The S&P 500 Index gained 6.83 points, or 0.16%, to 4,359.46 The Dow Jones Industrial Average rose 90.73 points, or 0.26%, to 34,390.72 The Nasdaq Composite slipped -34.24 points, or 0.24%, to 14,512.44 The Russell 2000 Index declined -4.47 points, or 0.20% to 2,225.31 Macro Up/Down Last Nymex -0.11 74.72 Brent -0.22 78.42 Gold -1.75 1,724.60 EUR/USD -0.0025 1.1573 JPY/USD 0.01 111.97 10-Year Note -0.015 1.524% World News China Manufacturing PMI for Sept reported at 49.6, below the 50.0 estimate and prior 50.1 reading, the first contraction since Feb. 2020. China Non-Manufacturing PMI for Sept at 53.2, above est. 49.8 and prior reading of 47.5 in Aug Senate Democrats said they have a bill they think can avoid a Friday government shutdown while finding support across party lines. Majority Leader Chuck Schumer will hold a vote this morning, paving the way to President Joe Biden’s desk prior to the midnight deadline. Sector News Breakdown Consumer Herman Miller ($MLHR) 1Q adj EPS $0.49 vs est. $0.50 on sales $789.7Mm vs est. $648.2Mm; guides 2Q adj EPS $0.55-0.61 vs est. $0.57, sees 2Q sales $1.025-1.065B vs est. $748.3Mm Churchill Downs ($CHDN) board approved a $500M share buyback program McCormick ($MKC) Q3 EPS $0.80 vs. est. $0.72; Q3 sales rose 8% to $1.55B vs. est. $1.54B; sees adjusted eps $2.97 to $3.02 down from prior $3.00-$3.05 (est. $3.01), while boosts the lower end of sales range for year to +12% to +13%, from prior +11% to +13% and sees operating income +2% to +4%, down from prior +6% to +8% Uber Technologies ($UBER) has launched the first official Holiday Shop on the Uber Eats platform in partnership with Proper Companies’ holiday division Starbucks ($SBUX) downgraded to Neutral from Overweight at Atlantic Equities Kaival Brands ($KAVL)7M share Spot Secondary priced at $1.70 Olaplex Holdings ($OLPX)7M share IPO priced at $21.00 Energy, Industrials, & Materials Virgin Galactic ($SPCE) shares rise 10%; is cleared to fly by the FAA following an investigation after the Unity 22 flight went slightly off-course in July. The FAA approved corrective actions that include updated calculations to expand the airspace for future flights and ensuring real-time mission notifications are sent to air traffic control. Landec Corp. ($LNDC) Q1 adj EPS loss (-$0.23) vs. est. loss (-$0.12); Q1 revs $128.8M vs. est. $129.2M; reiterates FY22 guidance with estimates loss of (-$0.03) and revs $547.2M Orion (ORN) announced two contract awards for its Marine segment totaling ~$200M. Solar Integrated Roofing ($SIRC) said its subsidiary USA Solar Networks has entered into a nationwide partnership with Sunnova Energy International (NOVA) to provide financing services across its National Dealer and Contractor Network. Financials FactSet ($FDS) upgraded to Neutral from Sell at UBS and raise tgt to $415 from $303 Healthcare Perrigo ($PRGO) shares rose 11%; said it agreed to settle with tax authorities over a 2018 demand by the Irish Office of the Revenue Commissioners that the company pay 1.64B euros ($1.90B) in taxes. Ireland said in 2018 that intellectual property sales by Perrigo were taxed as tradable income at 12.5%, when it should have been treated as a chargeable gain at a rate of 33% Regeneron’s ($REGN), as published in the New England Journal of Medicine (NEJM), COVID-19 antibody cocktail REGEN-COV (Casirivimab and Imdevimab) led to a 70% reduction in the risk of hospitalization or death in high-risk infected individuals. AIM ImmunoTech ($AIM) announces clinical trial agreement for a phase 2a human challenge trial of Ampligen as a potential intranasal prophylaxis against respiratory viruses Lilly ($LLY) and Incyte ($INCY) said Olumiant significantly improved hair regrowth to at least 80% scalp coverage as early as 24 weeks across first completed phase 3 studies for alopecia areata Lilly ($LLY) said Tirzepatide led to greater improvements in liver fat content and abdominal adipose tissue compared to titrated insulin degludec in adults with type 2 diabetes in an MRI sub-study phase 3 SURPASS-3 clinical trial. The results were presented today at the 57th European Association for the Study of Diabetes ($EASD) Annual Meeting in an EASD-sponsored symposium. Technology, Media & Telecom Nintendo ($NTDOY) issued a press release insisting that Bloomberg’s seeming revelation that Nintendo was pushing developers to build 4K-resolution games for an upcoming but potentially canceled “Switch Pro” handheld was entirely incorrect. Separately, it says that it has no plans for any new Nintendo Switch other than the slightly refined OLED model that’ll be out next week. Snowflake ($SNOW) upgraded to Buy from Neutral at BTIG with $353 tgt
52 Replies 12 👍 11 🔥
UK Markets Closed higher yesterday, supported by gains in banking and healthcare sector stocks. AstraZeneca advanced 4.2%, after the pharmaceutical company announced that its newly acquired Alexion division would acquire the remaining stake in Caelum Biosciences in a deal worth around $500 million. Next rose 3.9%, as the fashion retailer lifted its full year outlook, citing upbeat results in the first half of the year. Anglo American added 1.6%, after a top broker upgraded its rating on the stock to ‘Outperform’ from ‘Sector Perform’. Auction Technology Group edged up 0.5%, after the online auction platform announced that it has secured all antitrust and regulatory clearances for its acquisition of LiveAuctioneers. On the other hand, SSP Group dropped 5.4%, after the company announced that its sales in the latest week were below the pre-pandemic level and forecasted a slow recovery in sales during 2022. The FTSE 100 gained 1.1%, to close at 7,108.2, while the FTSE 250 rose 0.1%, to end at 23,151.0. . European Markets Also closed higher yesterday, amid gains in technology and healthcare sector stocks. ASM International advanced 3.9%, after the company forecasted its order intake in the third quarter to surpass its previous estimate. GEA Group rose 2.1%, after the food industry system supplier introduced its “Mission 26” strategy for the next five years. On the other hand, Air France-KLM dropped 3.5%. The airline operator reported that it is beginning to witness some recovery in business travel on domestic routes, but premium travel remained far below pre-pandemic levels. ASML Holding fell 2.6%, even though the chip equipment maker raised its revenue outlook. The FTSEurofirst 300 index gained 0.7%, to close at 1,760.3. Among other European markets, the German DAX Xetra 30 rose 0.8%, to close at 15,365.3, while the French CAC-40 advanced 0.8%, to settle at 6,560.8. . US Markets Followed Europe closeing mostly higher yesterday, helped by gains in defensive sector stocks. Dollar Tree surged 16.5%, after the discount retailer increased its buyback authorisation by $1.05 billion to $2.5 billion. Lucid Group climbed 7.1%, after the company announced plans to deliver its first electric luxury sedans in late October. AutoNation advanced 5.3%, following a rating upgrade on the stock to ‘Equal Weight’ from ‘Underweight’. Eli Lilly rose 4.0%, after a top broker upgraded its rating on the stock to ‘Buy’ from ‘Neutral’. Netflix added 2.6%, after the company announced the acquisition of videogame maker, Night School Studio. On the other hand, Micron Technology fell 2.0%, after the semiconductor company issued a dismal outlook for the first quarter of 2022.. The S&P 500 gained 0.2%, to settle at 4,359.5. The DJIA rose 0.3% to settle at 34,390.7, while the NASDAQ dropped 0.2%, to close at 14,512.4. . Asian Markets Were trading lower this morning. In Japan, Toyota Motor and Toho Zinc have dropped 3.0% and 4.9%, respectively. Meanwhile, Marui Group and Fast Retailing have advanced 1.4% and 3.0%, respectively. In Hong Kong, Tencent Holdings and Xiaomi have fallen 2.0% and 3.2%, respectively. Meanwhile, Alibaba Health Information Technology and Country Garden Services Holdings have risen 1.1% and 3.3%, respectively. In South Korea, Dayou Plus and INFAC have climbed 17.0% and 20.6%, respectively. Meanwhile, BK Tops and SKC have declined 8.7% and 12.1%, respectively. The Nikkei 225 index is trading 0.4% lower at 29,439.4. The Hang Seng index is trading 1.0% down at 24,416.7, while the Kospi index is trading 0.3% higher at 3,070.9
91 Replies 6 👍 14 🔥
waiting for the air to clear
42 Replies 9 👍 10 🔥
UK Markets Yesterday was mixed. Rolls-Royce Holdings jumped 11.3%, after the company agreed to sell its Spanish unit ITP Aero to Bain Capital Private Equity for €1.7 billion and as it won a £1.9 billion contract with the US Air Force to supply parts for its fleet of B-52 bombers for the next 30 years. IWG advanced 4.4%, following reports that the office rental firm is planning to split into different companies. Prudential rose 2.7%, after the company secured $2.4 billion from its Hong Kong share offering. Hikma Pharmaceuticals edged up 1.2%, after the company announced that it would acquire Custopharm from Water Street Healthcare Partners for $375.0 million. On the other hand, Renishaw dropped 5.9%, after the company announced that its full year results might be slightly delayed. The FTSE 100 gained 0.2%, to close at 7,063.4, while the FTSE 250 marginally dropped to end at 23,608.6. . European Markets Finished higher yesterday, following the outcome of German Federal elections and as European Central Bank President, Christine Lagarde, stated that inflation could exceed the bank’s projections. Biocorp Production climbed 6.9%, after the medical devices company entered into an agreement with Novo Nordisk in a bid to develop and distribute a Mallya smart add-on device for the Novo Nordisk FlexTouch pen used by diabetic people. Zooplus advanced 4.3%, after the company received a takeover offer worth €3.36 billion from private equity firm EQT. BASF rose 1.3%, after the company signed a Memorandum of Understanding with Sanyo Chemical for the joint development and access to technologies to develop advanced polyurethane dispersions. The FTSEurofirst 300 index slipped 0.1%, to close at 1,785.0. Among other European markets, the German DAX Xetra 30 rose 0.3%, to close at 15,573.9, while the French CAC-40 advanced 0.2%, to settle at 6,650.9. . US Markets Closed mostly lower yesterday, led by losses in technology sector stocks. Altice USA dropped 5.8%, after a top broker downgraded its rating on the stock to ‘Neutral’ from ‘Outperform’. Alphabet shed 0.8%, after the company’s Google unit announced that it would lower the commissions it collects on third-party software sales in its Cloud Marketplace. On the other hand, Gores Guggenheim advanced 4.7%, after the special purpose acquisition company announced that it would take electric car maker Polestar public through a merger at an enterprise value of $20 billion. Tesla rose 2.2%, after the company unveiled a software update that would allow customers to request access to its Full Self-Driving beta software. The S&P 500 slipped 0.3%, to settle at 4,443.1. The DJIA rose 0.2% to settle at 34,869.4, while the NASDAQ fell 0.5%, to close at 14,970.0. . Asian Markets Were trading mostly lower this morning, amid ongoing concerns over Chinese developer Evergrande’s debt crisis. In Japan, Taiyo Yuden and M3 have dropped 2.5% and 4.3%, respectively. Meanwhile, Honda Motor and IHI have advanced 2.7% and 2.8%, respectively. In Hong Kong, China Merchants Bank and Alibaba Group Holding have risen 3.3% and 6.1%, respectively. Meanwhile, CLP Holdings and AAC Technologies Holdings have fallen 0.7% and 1.1%, respectively. In South Korea, Foosung and Sewoo Global have declined 7.4% and 7.8%, respectively. Meanwhile, NK Mulsan and Korea Gas have climbed 11.8% and 14.2%, respectively. The Nikkei 225 index is trading 0.3% lower at 30,139.7. The Hang Seng index is trading 1.7% up at 24,629.9, while the Kospi index is trading 0.8% lower at 3,109.6.
93 Replies 15 👍 10 🔥
By Alun John, Samuel Shen and Tom Wilson SHANGHAI (Reuters) -China's most powerful regulators on Friday intensified the country's crackdown on cryptocurrency with a blanket ban on all crypto transactions and crypto mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks. Ten agencies, including the central bank as well as banking, securities and foreign exchange regulators, vowed to work together to root out "illegal" cryptocurrency activity, the first time the Beijing-based agencies have joined forces to explicitly ban all cryptocurrency-related activity. "China has been known to go to extremes with either very assertive statements and prosecutions to complete radio silence," said George Zarya, CEO of Bequant crypto exchange in London. "This time the point was made very clear that China will not support cryptocurrency market development as it goes against its policies of tightening up control over capital flow and big tech," he said. The People's Bank of China (PBOC) said cryptocurrencies must not circulate as traditional currencies and that overseas exchanges are barred from providing services to mainland investors via the internet, cutting the likes of Coinbase (NASDAQ:COIN) and Binance off from the world's second-largest economy. The PBOC also barred financial institutions, payment companies and internet firms from facilitating cryptocurrency trading nationally. The Chinese government will "resolutely clamp down on virtual currency speculation, and related financial activities and misbehavior in order to safeguard people's properties and maintain economic, financial and social order", the PBOC said in a statement. Bitcoin, the world's largest cryptocurrency, dropped over 6% to $42,2167 on the news, having earlier been down about 1%. Smaller coins, which typically rise and fall in tandem with bitcoin, also tumbled. Ether fell 10% while XRP dropped a similar amount. Friday's statement come after China's State Council, or cabinet, vowed https://www.reuters.com/technology/chinese-financial-payment-bodies-barred-cryptocurrency-business-2021-05-18 in May to crack down on bitcoin mining and trading as part of a broader effort to mitigate financial system risks, without going into details https://www.reuters.com/world/china/what-beijings-new-crackdown-means-crypto-china-2021-05-19. That threat sparked a major sell-off in cryptocurrencies. At that time more junior government bodies and provincial governments framed some specific cryptocurrency rules. Friday's statement, however, is the most detailed yet from the country's most powerful regulators, underscoring Beijing's commitment to suffocating the Chinese crypto market. It has dashed hopes among many in the industry that the May crackdown would be short-lived and the pressure would ease after the 100th anniversary of the Chinese Communist Party in July. "There's a degree of panic in the air," said Joseph Edwards, head of research at cryptocurrency broker Enigma Securities in London. The move also hit cryptocurrency and blockchain-related shares. U.S.-listed miners Riot Blockchain (NASDAQ:RIOT), Marathon Digital and Bit Digital slipped between 6.3% and 7.5% in premarket trading. China-focused SOS dropped 6.1% while San Francisco crypto exchange Coinbase Global fell 3.4%. "THOROUGH CLEANUP" The National Development and Reform Commission (NDRC) said it was launching a thorough, nationwide cleanup of cryptocurrency mining. Such activities contribute little to China's economic growth, spawn risks, consume a huge amount of energy and hamper carbon neutrality goals, it said. It's an "imperative" to wipe out cryptocurrency mining, a task key to promoting high-quality growth of China's economy, the NDRC said in a notice to local governments. Virtual currency mining had been a big business in China before a crackdown that started earlier this year, accounting for more than half of the world's crypto supply. The NDRC said it will work closely with other government agencies to make sure financial support and electricity supply will be cut off for mining. The national planning body also urged local governments to come up with a specific timetable and road map to eradicate such activities. Previous restrictions, issued by local governments, paralyzed the industry as miners dumped machines in despair or sought refuge in places such as Texas or Kazakhstan.
101 Replies 13 👍 14 🔥
i think alot of headwinds from all sorts of people that like printing money out of thin air. it makes sense to have some sort of money the overlords cant control. seems like the future is going to have digital money from the federal govt. just not btc
128 Replies 7 👍 8 🔥
Thursday, September 23, 2021 Futures Up/Down % Last Dow 162.00 0.47% 34,291 S&P 500 23.25 0.53% 4,407 Nasdaq 83.50 0.55% 15,247 U.S. stocks are looking at another move higher following strong gains on Wednesday despite the FOMC taking a more “hawkish” stance on both rates and the timeline on asset purchase tapering during yesterday’s meeting. Stocks jumped on Wednesday after the Federal Reserve cleared the way to ease monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected. Stocks pared gains late as Fed Chair Jerome Powell spoke at his press conference but still closed up solidly. Fed officials indicated that they see interest rates seen rising to 1% in 2023, faster than projected by the Fed in its projections in June, and then to 1.8% in 2024. Nine of eleven major S&P 500 sectors ended the day higher. However, of note, all 11 groups retreated from the moments before Powell’s press conference began, into the close. The Dow Transport index slid to 6-month lows following weakness from Fed-Ex (FDX) earnings results and guidance the night prior. In Asian markets, The Nikkei Index was closed, the Shanghai Index rose 13 points to 3,642 and the Hang Seng Index gained 289 points to 24,510. In Europe, the German DAX is up over 130 points (0.89%) to 15,645, while the FTSE 100 rises about 20-points to move above 7,100. Oil prices are slipping but still holds near two-month high with global stockpiles tightening. In China news, the WSJ reported China is preparing for the “demise” of Evergrande, signaling Beijing’s reluctance to get involved and bail out the company. Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 320K 8:30 AM EST Continuing Claims…est. 2.65M 9:45 AM ET Markit Manufacturing PMI, Sept-F…est. 61.5 9:45 AM ET Markit Services PMI, Sept-F…est. 55.0 9:45 AM ET Markit Composite PMI-Sept-F 10:00 AM ET Leading Index MoM for Aug…est. +0.7% 10:30 AM ET Weekly EIA Natural Gas Inventory Data 11:00 AM ET Kansas City Fed Manufacturing for Sept…prior 22 Earnings Calendar: Earnings Before the Open: DRI, DYNT, IWSY, RAD Earnings After the Close: AEHR, AGTC, AIR, CAMP, $COST, MTN, $NKE, PRGS, $RSSS Other Key Events: Credit Suisse 7th Annual Oil & Gas Non-Bus Tour (virtual), 9/21-9/23 DA Davidson Diversified Industrials & Services Conference (virtual), 9/22-9/23 Goldman Sachs 30th Annual Communacopia Conference (virtual), 9/21-9/23 JPMorgan 12th Annual U.S. All Stars Conference (virtual), 9/21-9/23 Oppenheimer Fall Healthcare Life Sciences & MedTech Summit (virtual), 9/20-9/23 Roth Capital 8th Annual Solar Symposium (virtual), 9/20-9/23 Sidoti Fall Small Cap Conference (virtual), 9/22-9/23 Wells Fargo 4th Annual Consumer Conference (virtual), 9/22-9/23 Market Closing Prices Yesterday The S&P 500 Index gained 41.45 points, or 0.95%, to 4,395.64 The Dow Jones Industrial Average rose 338.48 points, or 1.00%, to 34,258.32 The Nasdaq Composite jumped 150.45 points, or 1.02%, to 14896.85 The Russell 2000 Index advanced 32.38 points, or 1.48% to 2,218.56 Macro Up/Down Last Nymex -0.32 71.91 Brent -0.27 75.92 Gold 3.80 1,772.00 EUR/USD 0.0028 1.1715 JPY/USD 0.11 109.89 10-Year Note +0.003 1.335% World News China is preparing for the “demise” of Evergrande, signaling Beijing’s reluctance to get involved and bail out the company (the gov’t will only step in should the company’s failure turn disorderly) – WSJ https://on.wsj.com/3i2x8WH Sector News Breakdown Consumer Steelcase ($SCS) 2Q EPS $0.21 vs est. $0.23 on revs $724.8Mm vs est. $761.3Mm; guides 3Q revs $755-785Mm vs est. $713Mm, sees 3Q EPS $0.07-0.11 vs est. $0.09 Funko ($FNKO) entered into a new credit agreement for a term loan facility of $180M and a revolving credit facility of $100M that mature September 17, 2026 Brilliant Earth ($BRLT)33M share IPO priced at $12.00 Hyatt ($H) 7M share Secondary priced at $74.50 Sovos Brands ($SOVO)3M share IPO priced at $12.00 Energy, Industrials & Materials HB Fuller (FUL) 3Q adj EPS $0.79 vs est. $0.79 on revs $827Mm vs est. $797.6Mm; guides FY revs +17-18% vs est. +14.4%, sees FY adj EBITDA abut $460-470Mm vs est. $463Mm KB Homes (KBH) 3Q EPS $1.60 vs est. $1.62 on revs $1.47B vs est. $1.57B; qtrly homes delivered +35% to $3,425, ending backlog value +89% to $4.84B; inventory +19% to $4.66B as of Aug. 31; repurchased 4.7Mm shares for $188.2Mm Northrop Grumman ($NOC) upgraded to Neutral from Sell at Goldman Sachs with a $350 price target and General Dynamics (GD) also upgraded to Neutral from Sell at Goldman Sachs with a $176 price target in the defense sector; L3Harris Technologies (LHX) downgraded to Sell from Neutral at Goldman Sachs with a $207 price target, Lockheed Martin (LMT) downgraded to Neutral from Buy with $402 tgt and Woodward ($WWD) downgraded to Sell from Neutral with $102 tgt Loop Capital started Regal Beloit Corp (RBC) with a Buy rating and $180 price target and Timken (TKR) with a Hold rating and $72 price target Grinrod Shipping ($GRIN)842M share Spot Secondary priced at $13.50 Syncrude Canada, majority-owned by Suncor Energy ($SU), cut September supplies due to a mechanical disruption at its Alberta oil sands site, Bloomberg reported Financials Chinese Estates (Holdings) Ltd. is planning to sell all of its shares in China Evergrande Group, as the property investment company is worried about the recent stock-price volatility and financial condition of debt-laden Evergrande. Chinese Estates, which currently holds 751.09 million shares or a 5.66% stake in Evergrande, expects to record a realized loss on the stake of about 1.38 billion Hong Kong dollars ($177.2 million) for the year ending December Remitly Global (RELY)16M share IPO priced at $43.00 The9 ($NCTY), Polygon, an Ethereum scaling platform, and Protocol Labs, a major contributor of open-source projects are forming an ecosystem collaboration on NCTY’s Non-Fungible Token (NFT) platform NFTSTAR and GameFi Play-to-Earn projects Safehold (S$AFE)2M share Secondary priced at $76.00 Willis Towers Watson ($WLTW) raises share buyback program by $4B Raymond James Financials ($RJF) posts Private Client Group assets in fee-based accounts of $643.5B grew 33% Y/Y, thanks to the net addition of financial advisers; record client assets under administration of $1.21T rose from $945.2B in the year ago period and $1.18T in the prior month. Healthcare The FDA has granted Emergency Use Authorization for a booster dose of Pfizer ($PFE)/BioNTech’s ($BNTX) COVID-19 vaccine for those 65 and older, those who work in healthcare settings, and adults at high risk of severe COVID-19. The authorization includes people whose “frequent institutional or occupational exposure to SARS-CoV-2 puts them at high risk of serious complications of COVID-19.” Sterling Check (STER)285M share IPO priced at $23.00 Eargo, Inc. (EAR) shares fell -50% on reports it is the target of a criminal investigation by U.S. DOJ related to insurance reimbursement claims submitted on behalf of customers covered by federal employee health plans; the co is withdrawing its financial guidance for fiscal year ending December 31, 2021 Spectrum Pharma (SPPI) Journal of Clinical Oncology Abstract listing for co.’s ‘poziotinib for patients with HER2 exon 20 mutant non–small-cell lung cancer Cigna Corp (CI) named Eric Palmer as president and chief executive officer of Evernorth, its health services unit that mainly houses its pharmacy benefit management business; also announced several other leadership changes Medirom Healthcare (MRM) rises 39%; after saying that it will buy Japanese private hair salon operator Zacc Kabushiki Kaisha in an all-cash deal of 370.0 mln yen ($3.36M) Thorne HealthTech (THRN) 7M share IPO priced at $10.00 Stifel initiated Buy ratings on Mirati Therapeutics (MRTX) with a $202 price target, Kinnate Biopharma (KNTE) with a $32 price target, and Repare Therapeutics (RPTX) with a $48 price target; Hold ratings on Ideaya Biosciences (IDYA) and Revolution Medicines (RVMD) Needham started SAGE Therapeutics (SAGE) at a Buy and added it to its Conviction List; also initiated Buy ratings on Intra-Cellular Therapeutics (ITCI), Avadel Pharmaceuticals (AVDL), Jazz Pharmaceuticals ($JAZZ), Biogen ($BIIB), Harmony Biosciences ($HRMY), and Hold ratings on Neurocrine Biosciences ($NBIX) and ACADIA Pharmaceuticals (ACAD) Technology, Media & Telecom Blackberry ($BB) shares rose 8% after earnings; Q2 EPS ($0.06) vs est. ($0.07) on revenue $175M vs est. $163.5M Facebook ($FB) chief technology officer Mike Schroepfer said in a Facebook post: “After 13 amazing years at Facebook, I have made the decision to step down as Chief Technology Officer and transition to a new part time role as Facebook’s first Senior Fellow at the company sometime in 2022 EngageSmart ($ESMT)55M share IPO priced at $26.00 Roku ($ROKU) upgraded to Buy from Neutral at Guggenheim
62 Replies 12 👍 7 🔥
UK Markets Closed higher yesterday, buoyed by gains in commodity and banking sector stocks. Oxford BioMedica jumped 10.6%, after the company swung to a profit in the first half of the year. Flutter Entertainment advanced 4.1%, after the company announced that it had resolved in full a legal dispute with the Commonwealth of Kentucky. Draper Esprit rose 2.3%, after a top broker raised its target price on the stock from 1000.0p to 1200.0p. Halma added 1.7%, after the technology company reported stronger than expected revenue in the first half of the year. On the flipside, PZ Cussons fell 4.6%, after the leather maker reported a drop in sales in the first quarter. The FTSE 100 gained 1.5%, to close at 7,083.4, while the FTSE 250 rose 0.7%, to end at 23,784.5. . European Markets Also closed higher yesterday, helped by gains in mining and banking sector stocks. Bayerische Motoren Wereke rose 3.2%, amid news that the automaker is developing prototypes of hydrogen fuel-cell passenger vehicle along with their fleets of battery cars as part of its efforts to reduce fossil fuels. Credit Suisse Group added 2.6%, following reports that the lender would be shifting its Asian investment banking operations into its global securities and advisory business as part of overhaul. On the other hand, Deutsche Post fell 1.5%, after US delivery firm FedEx Corp lowered its full year outlook. The FTSEurofirst 300 index gained 1.0%, to close at 1,786.9. Among other European markets, the German DAX Xetra 30 rose 1.0%, to close at 15,506.7, while the French CAC-40 advanced 1.3%, to settle at 6,637.0. . US Markets Closed higher yesterday, after the Federal Reserve Chairman Jerome Powell hinted that tapering of bond purchases could be declared next month. Stitch Fix surged 15.7%, after the online fashion styling company reported an unexpected profit in the fourth quarter. Robinhood Markets climbed 10.9%, after the trading app announced that it would assess crypto wallets with some of the clients next month. General Mills advanced 3.3%, after the food company reported better than expected revenue and earnings in the first quarter. Simon Property Group rose 2.5%, after a top broker upgraded its rating on the stock to ‘Buy’ from ‘Hold’. On the other hand, FedEx dropped 9.1%, after the delivery company reported lesser than expected earnings in the first quarter and lowered its full year earnings estimates as labour shortages slowed packages and gave rise to costs. The S&P 500 gained 1.0%, to settle at 4,395.6. The DJIA rose 1.0% to settle at 34,258.3, while the NASDAQ advanced 1.0%, to close at 14,896.9 . Asian Markets Were trading mixed this morning. In Hong Kong, Meituan, CNOOC and China Resources Land have risen 3.1%, 3.5% and 6.2%, respectively. Meanwhile, AIA Group, Xiaomi and Anta Sports Products have fallen 1.5%, 2.4% and 4.3%, respectively. In South Korea, SK Bioscience, Ajusteel and Century have declined 7.3%, 8.3% and 14.0%, respectively. Meanwhile, Asiana Airlines, Air Busan and Jico have climbed 12.6%, 17.9% and 29.7%, respectively. Markets in Japan are closed today on account of a public holiday. Yesterday, the Nikkei 225 index fell 0.7% to close at 29,639.4. Today, the Hang Seng index is trading 0.9% up at 24,448.8, while the Kospi index is trading 0.5% lower at 3,126.1.
100 Replies 10 👍 6 🔥
If we lose 4320 theres nothing but air to 4300
131 Replies 7 👍 14 🔥
@everyone Monday, September 20, 2021 Futures Up/Down % Last Dow -529.00 1.54% 33,933 S&P 500 -56.75 1.28% 4,365 Nasdaq -154.00 1.00% 15,172 U.S. indices are trading down over 1% in pre-market trading and touching their lowest levels in almost 2 months this morning as large Chinese real estate developer Evergrande’s debt crisis is weighing on Asian markets and several macroeconomic factors are making investors wary. The Federal Reserve’s two-day September meeting begins tomorrow where they may lay out plans to begin tapering bond purchases and its quarterly dot plot will provide a forecast on when the central bankers expect to hike interest rates from their current levels of 0-0.25%. Additionally, the federal government is currently facing the threat of running out of money October 1 unless Congress raises the debt ceiling, and Treasury Secretary Janet Yellen wrote an op-ed in the Wall Street Journal over the weekend imploring Congress to raise it as the Treasury will exhaust its cash reserves and borrowing capacity sometime next month if no action is taken. Today’s move lower comes after the S&P closed below its 50-day moving average for the 1st time since June 18th on Friday with materials and technology companies struggling. Late Friday, an FDA panel decided not to recommend a booster for the Pfizer vaccine for people 16 years and older by a vote of 16-3 saying there was not enough data to determine the step-up effectiveness of the third shot. However, the panel unanimously approved a narrower vote of authorizing booster dose of Pfizer/BioNTech covid-19 vaccine at least 6 months after full vaccination for people 65 and older and those at high risk for severe disease (a narrower approval than markets were hoping for). The University of Michigan’s preliminary sentiment index edged up in August, but buying conditions for household durables, homes and motor vehicles all fell to the lowest in decades due to complaints about high prices. The dollar rose while precious metals mostly fell, as gold posted a second straight weekly drop ahead of the FOMC meeting later this week. A potential hike in corporate taxes could eat into earnings also weigh on markets, with leading Democrats seeking to raise the top tax rate on corporations to 26.5% from the current 21%. In Asian markets, the Hang Seng Index is plunging 821 points while Tokyo and Shanghai markets are closed for holiday. In Europe, the German DAX is down 367 points and the FTSE 100 is lower by 118 points. Market Closing Prices Yesterday The S&P 500 Index dropped -40.76 points, or 0.91%, to 4,432.99 The Dow Jones Industrial Average fell -166.44 points, or 0.48%, to 34,584.88 The Nasdaq Composite sunk -137.96 points, or 0.91%, to 15,043.97 The Russell 2000 Index advanced 3.96 points, or 0.18% to 2,236.87 Events Calendar for Today 10:00 AM ET NAHB Housing Market Index for Sept Earnings Calendar: Earnings Before the Open: none Earnings After the Close: $LEN Other Key Events: European Society for Medical Oncology (ESMO) 2021 Virtual Congress, 9/16-9/21 Oppenheimer Fall Healthcare Life Sciences & MedTech Summit (virtual), 9/20-9/23 Roth Capital 8th Annual Solar Symposium (virtual), 9/20-9/23 Stephen’s 11th Annual Bank Forum, in Little Rock, AR, 9/20-9/22 Macro Up/Down Last Nymex -1.49 70.33 Brent -1.29 74.05 Gold 8.10 1,759.50 EUR/USD -0.0012 1.1713 JPY/USD -0.42 109.53 10-Year Note -0.039 1.331% World News Chinese real estate developer Evergrande is facing a default on $150M in bond payments this week and officials have refused to commit any rescue cash to the country’s 2nd largest developer who currently has more than $310B in debt. Sector News Breakdown Consumer Barron’s noted the sell-off in Wynn Resorts ($WYNN) and Las Vegas Sands ($LVS) the past couple of days amid jitters that the Macau government will impose more onerous concession, or licensing, agreements when they expire next year could be setting up a buying opportunity for investors who are patient and have a bankroll to withstand the unlucky streak S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators – Reuters Three investigators with the National Transportation Safety Board are traveling next week to Coral Gables, Florida to investigate a fatal accident in which a Tesla ($TSLA) Model 3 left the roadway and collided with a tree. NTSB officials say the investigation will focus on the operation of the vehicle and the post-crash fire that consumed the car Energy, Industrials and Materials Boeing ($BA) has been awarded a $1.62B indefinite-delivery/indefinite-quantity contract for missile guidance repair. BHP Group ($BHP), Rio Tinto ($RIO), Anglo American ($NGLOY), Glencore ($GLNCY), and Vale ($VALE) are in the best shape ever, Barron’s reported for mining companies. Their shares, however, trade cheaply amid worries that the good times in industrial commodities are ending. For investors willing to accept some risk, the Big Five miners offer a rich opportunity Financials A senior U.S. trade official privately criticized India’s July decision to ban Mastercard Inc ($MA) from issuing new cards, calling it a “draconian” move that caused “panic”, according to U.S. government emails seen by Reuters. Healthcare Astellas Pharma ($ALPMY) and Pfizer ($PFE) announced ahead of the European Society for Medical Oncology Congress 2021 that XTANDI improved overall survival in the ARCHES study in men with metastatic hormone-sensitive prostate cancer. Exelixis ($EXEL) announced that the U.S. FDA approved CABOMETYX for the treatment of adult and pediatric patients 12 years of age and older with locally advanced or metastatic differentiated thyroid cancer that has progressed following prior vascular endothelial growth factor receptor-targeted therapy and who are radioactive iodine-refractory or ineligible White House medical adviser Anthony Fauci said on Sunday that data needed to determine the advisability of booster shots of the Moderna Inc (MRNA) and Johnson & Johnson ($JNJ) COVID-19 vaccines is just weeks away Quidel ($QDEL) has been awarded a maximum $710.57M indefinite-delivery/indefinite-quantity contract for over-the-counter antigen test kits AstraZeneca ($AZN) reported updated Phase 3 trial results for Imfinzi that showed the drug combined with chemotherapy tripled patient survival at 3-year in extensive-stage small cell lung cancer Technology, Media & Telecom Brooks Automation ($BRKS) agreed to sell its semiconductor solutions group business to Thomas H. Lee Partners for $3B in cash and will no longer pursue a separation into 2 independent and publicly traded companies
123 Replies 10 👍 10 🔥
I was reading horror stories 50-55% loss that can take all the air out of you. But again why would you not exit grab profits
120 Replies 6 👍 13 🔥
Monday, September 13, 2021 Futures Up/Down % Last Dow 233.00 0.68% 34,724 S&P 500 27.25 0.61% 4,476 Nasdaq 80.50 0.52% 15,514 Stock futures are looking sharply higher, with the S&P trying to snap its longest losing streak since February (5-days currently) ahead of key economic data this week (CPI and retail sales). Stocks are recovering despite a handful of negative headlines this weekend including a WSJ article that House Dems are considering a 26.5% corporate tax rate from 21.5% with a 3% surtax on individual incomes over $3m, & increasing higher rate capital gains tax to 28.8% from 23.8%. Also this weekend, Sen. Joe Manchin said this weekend he would not vote for the $3.5 trillion budget bill, adding that there’s “no way” to meet the September 27 deadline. In Asian markets, The Nikkei Index gained 65 points to 30,447, the Shanghai Index rose 12 points to 3,715 and the Hang Seng Index dropped -392 points (1.5%) to settle at 25,813. In Europe, the German DAX is surging over 175 points (1.1%) to 15,785, while the FTSE 100 is up over 50 points to 7,075. Stocks slipped all last week as the S&P fell 1.7%, the Dow lost 2.15%, the Nasdaq shed 1.61% as the S&P 500 extended its losing streak to 5-days, the longest since the middle of February. The S&P 500 has rallied over 38% without a 5%+ pullback over the last 309 calendar days. With the European Central Bank offering only a partial tapering of its bond purchases last week, while boosting growth forecasts, investors are now looking at an autumn glide path for stocks based on a similar move by the Federal Reserve later this month. Markets will closely watch the CPI inflation reading after another rise in producer prices (PPI) late last week. Market Closing Prices Yesterday The S&P 500 Index dropped -34.70 points, or 0.77%, to 4,458.58 The Dow Jones Industrial Average fell -271.66 points, or 0.78%, to 34,607.72 The Nasdaq Composite dropped -132.76 points, or 0.87%, to 15,115.49 The Russell 2000 Index declined -21.58 points, or 0.96% to 2,227.55 Events Calendar for Today 2:00 PM ET Federal Budget for August Earnings Calendar: Earnings Before the Open: NSSC, SEAC Earnings After the Close: AVO, CSBR, EPM, ICMB, MTRX, ORCL, RFIL, VOLT Other Key Events: Barclay’s Financial Services Conference (virtual) 2021, 9/13-9/15 BMO Capital 2021 Real Estate Conference (virtual), 9/13-9/14 Citigroup 2021 Global Technology Conference (virtual), 9/13-9/15 Cowen 2nd Annual Health, Wellness & Beauty Summit (virtual), 9/13-9/14 Credit Suisse 34th Annual Basic Materials Conference (virtual), 9/13-9/14 Deutsche Bank 11th Annual Aircraft, Finance & Leasing Conference, 9/13-9/14, in NY JPMorgan Gaming, Lodging, Restaurant & Leisure Management Forum, 9/13-9/14 Piper Global Technology Conference (virtual), 9/13-9/14 Piper 2021 D.C. Bank Field Trip, 9/13-9/15 Wells Fargo 10th Annual Lease REIT Forum (virtual), 9/13 Macro Up/Down Last Nymex 0.96 70.68 Brent 0.86 73.78 Gold +0.90 1,788.50 EUR/USD -0.0033 1.1781 JPY/USD 0.18 110.12 10-Year Note -0.005 1.336% World News House Democrats expect to propose raising the corporate tax rate to 26.5% from 21% and imposing a 3-percentage-point surtax on individual income above $5 million, according to two House Democratic aides familiar with the plans, the WSJ reported. The tax increases would be part of the House Ways and Means Committee’s plans to pay for the party’s priorities in a fast-moving budget bill. Those items include an expanded child tax credit, a national paid-leave program and renewable-energy tax breaks. Joe Manchin said this weekend he would not vote for the $3.5 trillion budget bill, adding that there’s “no way” to meet the September 27 deadline set by House Speaker Nancy Pelosi. Manchin’s comments come as lawmakers work to approve the measure which would invest in climate policy and expand social programs North Korea carried out successful tests of a new long-range cruise missile over the weekend, state media said on Monday Sector News Breakdown Consumer Homebuilders R. Horton ($DHI) and Meritage $(MTH) still look like relative bargains according to Barron’s saying when it comes to builders, book value may no longer be the only metric to look at. DHI, MDC and MTH look historically cheap based on current price/earnings, noting Wall Street analysts see double-digit gains ahead Boston Beer ($SAM) shares tumbled this week after warning of decelerating had seltzer category, with Barron’s saying with the stock now worth less than half what it was at its peak, it might be time to take a look at shares. The stock now looks to have support near $500, around its June 2020 lows. If that level holds, buying the stock in the low $500s could turn out to be a smart bet Toyota Motor Corp ($TM) and Honda Motor Co ($HMC) on Saturday sharply criticized a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional $4,500 tax incentive. Leslie’s ($LESL) files to sell 13M shares of common stock for holders MGM Resorts ($MGM) upgraded to Outperform from Market Perform at Bernstein Nike ($NKE) downgraded to Neutral from Buy at BTIG Stanley Black & Decker ($SWK) announced that it has entered into a definitive agreement to acquire Excel Industries for $375 million in cash. Energy, Industrials and Materials Virgin Galactic ($SPCE) said this weekend that the flight window for Unity 23 will be pushed back to mid-October at the earliest after a third-party supplier flagged a potential manufacturing defect in a component of the flight control actuation system. It is not yet known if the defect is present in any of Virgin’s vehicles or any repair work will be needed. Kansas City Southern (KSU) said on Sunday it planned to accept Canadian Pacific Railway’s ($CP) $27.2 billion cash-and-stock acquisition offer as superior to its $29.6 billion deal to sell itself to Canadian National Railway ($CNI), according to Reuters. Canadian National now has until the end of Friday to submit a better offer or lose its deal with Kansas City Southern. Rocket Lab USA ($RKLB) mentioned cautiously in Barron’s saying after a strong run for shares, it’s time to think about taking some profits. Recent positive news has sent shares skyrocketing, leaving even the most bullish investors wondering that to do next Atlas Air Worldwide ($AAWW) subsidiary, Atlas Air completes five-year joint collective bargaining agreement for its Atlas Air and Southern Air pilots. Trane Technologies ($TT) signed an agreement to acquire Farrar Scientific, a leader in ultra-low temperature control for biopharmaceutical and other life science applications for $250M US Well Services ($USWS) said it received written notice from the Nasdaq on Sept 7 indicating it had failed to comply with the minimum closing bid price requirement rule and will therefore be de-listed Louisiana declared a state of emergency ahead of Tropical Storm Nicholas Financials Beijing wants to break up Alipay, the hugely popular payments app owned by Jack Ma’s Ant Group, and create a separate app for the company’s highly profitable loans business, the Financial Times reported on Sunday. The plan will also see Ant turn over the user data that underpins its lending decisions to a new credit scoring joint-venture, which will be partly state-owned, the newspaper reported TransUnion ($TRU) said it has agreed to buy information-services company Neustar Inc. for $3.1 billion in cash, a move that sets the consumer-credit reporting giant to diversify beyond its core business and put data to new uses. The Chicago-based company Monday said it is buying Neustar from a private investment group led by Golden Gate Capital https://on.mktw.net/3tBRVou SVB Financial Group ($SIVB) mentioned positively in Barron’s saying the bank stands out in the stodgy world of banking because of its unusual role as a leading lender to innovative tech start-ups. While some banks have struggled to grow their loan book over the past year, SVB had 8% QoQ growth in loan balances, reflecting strong activity in the tech and healthcare sectors KeyCorp (KEY) sold its $3.2B indirect retail auto loan portfolio to a vehicle managed by a subsidiary of Waterfall Asset Management, and will use capital generated by the sale to buy back some of its stock. Healthcare Dynavax ($DVAX) shares slide -16%; as the British government ends a COVID-19 vaccine supply deal with French vaccine maker Valneva SE, alleging a breach of obligations that Valneva denies. Valneva is developing its COVID-19 vaccine, VLA2001, combined with DVAX’s adjuvant or vaccine booster, CpG 1018 AbbVie ($ABBV) and REGENXBIO ($RGNX) form a strategic partnership combining eye care and gene therapy expertise- Companies will develop and commercialize RGX-314, an investigational gene therapy for wet age-related macular degeneration, diabetic retinopathy and other chronic retinal diseases- REGENXBIO to receive $370 million upfront payment Leap Therapeutics ($LPTX) said it will be presenting initial data from the first-line cohort of the DisTinGuish study, a Phase 2a clinical trial evaluating Leap’s anti-Dickkopf-1, or DKK1, antibody, DKN-01, in combination with tislelizumab, BeiGene’s anti-PD-1 antibody, and chemotherapy, in patients with gastric or gastroesophageal junction cancer, at the European Society for Medical Oncology, or ESMO, Congress, being held virtually on September 16-21 MiMedx Group (MDXG) shares fall -19% as reports Top-line Data from Two Late-Stage Musculoskeletal Trials. Top-line results from an interim analysis of the Phase 2B trial for KOA did not meet primary endpoints. Top-line results from Phase 3 Plantar Fasciitis trial did not meet its primary endpoints. Israel is considering a fourth round of coronavirus vaccines, Bloomberg News reported, citing an interview a health ministry official. mostly uses the vaccine made by Pfizer ($PFE) and BioNTech ($BNTX), but also uses Moderna ($MRNA) Hepion Pharmaceuticals ($HEPH) schedules conference call to review data from phase 2a ‘AMBITION’ clinical trial of CRV431 in NASH; it expects to release additional data from its Phase 2a ‘AMBITION’ NASH clinical trial before the market opens on Monday, September 13, 2021. Technology, Media & Telecom Cisco ($CSCO mentioned in Barron’s noting the company is meeting with analysts on Wednesday for the first time in four year and the session could make or break the shares. The networking giant’s sales suffered last year as companies cut information technology spending early in the pandemic. But the trend has reversed in Cisco’s favor ViacomCBS Inc ($VIAC) is revamping the operations of its Paramount Pictures movie and television production unit under a broader management shake-up, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The realignment will see Paramount Television expected to focus primarily on making content for its sister cable and streaming networks Canon ($CAJ) announced that it has reached an agreement with Redlen Technologies to conclude a share transfer agreement, making Redlen a wholly owned subsidiary of Canon
112 Replies 12 👍 11 🔥
By Wayne Cole SYDNEY (Reuters) - Asian shares made a poor start on Monday to a week packed with major U.S. and Chinese economic data and the launch of Apple (NASDAQ:AAPL)'s latest iPhones, while the Nikkei faltered tantalisingly close to heights last visited in 1990. Hopes for fresh stimulus from a new prime minister in Japan saw the Nikkei surge 4.3% last week, and Topix made those 30-year highs on Friday, but vertigo appeared to set on Monday as the Nikkei slipped. Reports that U.S. Democrats were considering proposals to raise taxes on corporations and the wealthy, while not exactly new, could make for a cautious mood. Adding to concerns about China's regulatory crackdown was an FT report that Beijing is aiming to break up Alipay, the hugely popular payments app owned by Jack Ma's Ant Group. China releases a swath of data on retail sales, industrial output and urban investment on Wednesday that analysts fear will show a further slowdown in the world's second-biggest economy. MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.2%, to more than reverse a rally last Friday. Chinese blue chips were off 0.5% and most markets in the region were modestly in the red. Both Nasdaq futures and S&P 500 futures were little changed, after running into profit taking last week. Wall Street suffered its worst run since February as doubts about the resilience of the global economic recovery hurt former reopening darlings in energy, hotels and travel. Apple will be a focus after sliding on Friday following an unfavourable court ruling related to its app store, just days before it unveils the new iPhone line up. Also highlighting are readings on U.S. consumer prices on Tuesday, which is expected to see core inflation ease a touch to 4.2%, while retail sales on Thursday could show another decline as the spread of the Delta variant spooks shoppers. The importance of the CPI was underlined by Philadelphia Fed President Patrick Harker who told the Nikkei he wanted to start tapering this year just in case the spike in inflation proved more than transitory. Harker favoured scaling the tapering down over an 8 to 12 month period, which is longer than some hawks have touted. "Global markets are fixated on the timing of tapering of QE by central banks, particularly the Fed," said analysts at ANZ in a note. "That's unsurprising, given the support that the extra liquidity has provided to equities and assets more generally," they added. "The latest guidance from senior FOMC officials is that tapering is still very much on the agenda this year, but is unlikely to be announced until November." The tension is only set to mount ahead of the Fed's next meeting on Sept. 21-22, and played a part in nudging U.S. 10-year yields up toward a major chart bulwark around 1.38% last week. Yields were last at 1.33% as stocks eased. The general air of risk aversion helped lift the dollar index to 92.767 and off the recent low of 91.941. The euro has faded back to $1.1788, from the September top of $1.1908 and under support at $1.1800. The dollar remains sidelined on the yen at 109.99, having spent an entire month trapped in a tiny range of 109.40-100.46. Gold has also had trouble breaking higher and was last flat at $1,791 an ounce, after shedding 2.1% last week when it repeatedly failed to clear resistance above $1,1830. Oil prices firmed on Monday supported by growing signs of supply tightness in the United States as a result of Hurricane Ida. About three-quarters of the U.S. Gulf's offshore oil production has remained halted since late August. [O/R] Brent added 34 cents to $73.26 a barrel, while U.S. crude rose 31 cents to $70.03.
125 Replies 11 👍 6 🔥
fED is still making $120 Bill a month out of thin air. Look at the money flow into equities leading upto 2000 and compare to now
50 Replies 11 👍 7 🔥
IU Watchlist for Sept 10: $ATER chart doesn't work but I'd love to see this push up $10.50s + again before $8s $RKLB had big plans on this thing but damn did it stay super strong - got short this AM got a great fade nearly $2 fade - started to grind and held EVERY key level given so rather than add add add I waited as I said wait wait wait and then leaned in when I noted EOD. Nice flush EOD before coming back. I'd love to see $2-3 on air fade off and then head red $2-3/share. I think there can be a HUGE trade here but here's the thing step in front, heavy conviction, over size and get smoked. BE CAUTIOUS. Wait for the trade. Wait for things to fail. $GEVO nice idea today on long side. Scalped it short a few times. Either this has a so so open and fades off or we have a huge $8.20-8.50 + blow off move like MMAT day and then unwind. Ready and waiting. $AMC feel like this may have an opportunity after they burn some call sellers early. Failed Follow Through: $CEI ideally huge gap $1.50-1.70+ then fade off. Great alert on the PR today I got net long sub $1 took the 20% move ended up net short and then said to myself why bother trying to figure out this box my entire goal of the box was b/c it was near a buck and I wanted it in Etrade - it's well over a buck now so not worried about getting the borrow there anymore. $HGEN blow off open then 945-10AM + failed follow through I'd look to trade. $ENVB $3.40s still area of interest.
113 Replies 15 👍 9 🔥
UK Markets Finished mixed yesterday, as gains in energy sector stocks were offset by losses in property sector stocks. CMC Markets tumbled 27.4%, after the online trading platform cut its earnings outlook for the full year. Auction Technology Group declined 10.2%, following news that TA Associates and ECI Partners sold around 12.6 million shares in the company through a placing. Barratt Developments dropped 4.5%, even though the company reported a jump in its annual profit. On the flip side, Energean climbed 7.3%, after the gas explorer announced that its interim losses narrowed, after reporting better than expected production. Melrose Industries advanced 7.2%, after the engineering firm swung to a profit in the first half of 2021. Homeserve added 3.3%, after a top broker upgraded its rating on the stock to ‘Overweight’ from ‘Equal Weight’. Wizz Air Holdings rose 1.8%, after the airline operator reported a rise in passengers in August. The FTSE 100 advanced 0.2%, to close at 7,163.9, while the FTSE 250 fell 0.1%, to end at 24,226.3. . European Markets Finished higher yesterday, amid strong corporate quarterly earnings reports and optimism over economic recovery. Swedish Orphan Biovitrum surged 25.8%, following news that US venture capital firm, Advent International and Aurora Investment offered to acquire the drugmaker for $8.0 billion. Lagardere rose 1.9%. The media company announced that it would sell a part of stake of its subsidiary company, Lagardere Travel Retail Asia to e-commerce company, JD.com. On the other hand, Alstom fell 3.4%. The speed-train maker announced that it would supply 35 additional Citadis tramways to Lyon’s Public Transport Authority, SYTRAL. The FTSEurofirst 300 index added 0.3%, to close at 1,827.5. Among other European markets, the German DAX Xetra 30 rose 0.1%, to close at 15,840.6, while the French CAC-40 advanced 0.1%, to settle at 6,763.1. . US Markets Closed higher yesterday, after the US weekly jobless claims declined more than expected. ChargePoint Holdings climbed 8.2%, after the company reported an increase in its revenue in the third quarter and lifted its annual revenue guidance. Signet Jewelers advanced 5.7%, after the company reported better than expected revenue and earnings in the second quarter and raised its annual outlook. Hill-Rom Holdings rose 4.7%, after the medical equipment maker agreed to be acquired by medical products maker, Baxter International for a cash consideration of $10.5 billion. On the other hand, Five Below declined 13.0%, after the company reported lower than expected revenue in the second quarter. C3.ai dropped 10.2%, after the software company reported wider than expected loss in the first quarter. The S&P 500 added 0.3% to settle at 4,537.0. The DJIA rose 0.4% to settle at 35,443.8, while the NASDAQ advanced 0.1%, to close at 15,331.2. . Asian Markets Were trading mostly higher this morning. In Japan, Terumo and IHI have advanced 2.8% and 3.2%, respectively. Meanwhile, Toyobo and JTEKT have dropped 0.4% and 1.2%, respectively. In Hong Kong, Tencent Holdings and BYD have fallen 1.2% and 2.1%, respectively. Meanwhile, CSPC Pharmaceutical and CNOOC have risen 1.7% and 2.5%, respectively. In South Korea, TCC Steel and Dual have climbed 7.6% and 13.7%, respectively. Meanwhile, Duksung and Seoyon have declined 5.6% and 6.5%, respectively. The Nikkei 225 index is trading 0.9% higher at 28,787.4. The Hang Seng index is trading 0.5% down at 25,961.8, while the Kospi index is trading 0.7% higher at 3,196.6. . Commodity Gold futures contract is trading 0.32% or $5.80 higher at $1815.20 per ounce, amid weakness in the US Dollar. Yesterday, the contract declined 0.24% or $4.40, to settle at $1809.40 per ounce, . Brent crude oil one month futures contract is trading 0.1% or $0.07 higher at $73.10 per barrel, ahead of the weekly US oil rig count data by Baker Hughes, scheduled to be released later today. Yesterday, the contract climbed 2.01% or $1.44, to settle at $73.03 per barrel, amid optimism over crude demand recovery. . Currency GBP is trading marginally higher against the USD at $1.3833, ahead of UK’s services PMI for August, due in a few hours. Yesterday, the GBP strengthened 0.46% versus the USD, to close at $1.3833. . EUR is trading marginally higher against the USD at $1.1878, ahead of the Euro-zone’s services PMI for August and retail sales data for July, along with Germany’s services PMI for August, due in a few hours. Additionally, investors await the US nonfarm payrolls, average hourly earnings, unemployment rate and the services PMI, all for August, scheduled to release later today. Yesterday, the EUR strengthened 0.3% versus the USD, to close at $1.1875. On the data front, Euro-zone’s producer price index (PPI) advanced more than market forecast in July. In other economic news, the US initial jobless claims declined to its lowest level since March 2020 in the week ended 27 August 2021. Further, the US factory orders climbed more than expected in July, while the nation’s trade deficit narrowed in the same month. . Bitcoin BTC is trading 1.01% lower against the USD at $49060.05. Yesterday, BTC advanced 2.67% against the USD to close at $49562.10. In a key development, blockchain-based music streaming platform, Audius announced the launch of full Salona NFT integration to allow its users to start featuring digital collectibles from the Solana library. In another development, US based blockchain startup, Simba Chain announced that it has secured $25.0 million through a series A funding round to expand its business and to tap new opportunities like nonfungible tokens. . Economic News . Euro-zone PPI advanced more than expected in July In the Euro-zone, the PPI jumped 12.10% on YoY basis in July, compared to an advance of 10.20% in the previous month. Markets were expecting the PPI to climb 11.00%. . US factory orders climbed more than expected in July In the US, factory orders advanced 0.40% on a MoM basis in July, compared to a rise of 1.50% in the prior month. Markets were expecting factory orders to record a rise of 0.30%. . US initial jobless claims dropped more than market forecast in the week ended 27 August 2021 In the US, the number of initial jobless claims fell to a level of 340.00 K in the week ended 27 August 2021, compared to a revised level of 354.00 K in the prior week. Markets were expecting the initial jobless claims to fall to a level of 345.00 K. . US goods trade deficit narrowed in July In the US, trade deficit narrowed to $70.05 billion in July, compared to a revised deficit of $73.23 billion in the previous month. Market expectations were for the nation to record a deficit of $71.00 billion. . Chinese Markit services PMI index dropped in August In China, the Markit services PMI index registered a drop to 46.70 in August, compared to a reading of 54.90 in the previous month.
116 Replies 10 👍 9 🔥
Apple Inc (NASDAQ: AAPL) agreed to take a hit on its dwindling App Store commission by allowing Spotify Technology SA (NYSE: SPOT) and Netflix Inc (NASDAQ: NFLX) to process payments beyond its store. Now, subscribers can use external websites for signing up for music, video, and other media apps. Previously, Spotify disclosed that it would take over the 'audio' section within the in-flight entertainment seatback on the global Delta Air Lines Inc (NYSE: DAL) flights. Price Action: SPOT shares traded higher by 7.02% at $255 on the last check Thursday.
143 Replies 15 👍 13 🔥
Thursday, September 2, 2021 Futures Up/Down % Last Dow 45.00 0.13% 35,335 S&P 500 6.25 0.14% 4,527 Nasdaq 29.50 0.19% 15,638 Stock index futures are indicating a higher open with rates edging down (10-year drops back below 1.3%) as investors await another set of numbers on the labor market in the form of weekly jobless claims, ahead of Friday’s payrolls report (which followed a weaker private payroll report from ADP yesterday). A brutal night across the Northeast saw tornado watches and flash flood warnings for parts of the Tri-State Area as remnants of Hurricane Ida brought in heavy winds and drenching rains that turned major highways into rivers and even showed water rushing through Newark Liberty International Airport, canceling all flights there. The tail-end of hurricane Ida dumped a “record breaking” amount of rain over New York and New Jersey putting both areas into states of emergency. Hurricane Ida, which devastated Louisiana this week, could mobilize lawmakers to pass the bipartisan $1T infrastructure bill, which is making its way through Congress. In Asian markets, The Nikkei Index rose 92 points to 28,543, he Shanghai Index climbed 29 points to 2,597, and the Hang Seng Index advanced 62 points to settle at 26,090. In Europe, markets are quiet as the German DAX is flat at 15,825, while the FTSE 100 is down a few points to 7,145. Bitcoin prices moved back above the $50K level overnight, last trading up 3.3% around $49,900 in a rebound for crypto; Ethereum prices up modestly after outperformance Wednesday, last around $3,750. Crude is rising after OPEC+ ministers’ unity reinforced market stability Events Calendar for Today 7:30 AM ET Challenger Layoffs for Aug 8:30 AM ET Weekly Jobless Claims…est. 345K 8:30 AM EST Continuing Claims…est. 2.775M 8:30 AM ET International Trade for July…est. (-$71.0B) 8:30 AM ET Nonfarm Productivity, Q2…est. 2.4% 8:30 AM ET Unit Labor Costs for Q2…est. 0.9% 10:00 AM ET Factory Orders MoM for July…est. 0.3% 10:00 AM ET Durable Goods Orders MoM for July 10:30 AM ET Weekly EIA Natural Gas Inventory Data Earnings Calendar: Earnings Before the Open: AEO, BNED, BRC, CIEN, DCI, DLTH, GCO, GIII, GMS, JRL, JW/A, KIRK, LE, MCFT, MEI, SCWX, SIG, TTC Earnings After the Close: AVGO, COO, CTHR, CTLP, DOCU, GWRE, HPE, JOAN, LAW, MDB, MDLA, MEIP, NX, OOMA, OXM, PD, SAIC, TLYS, YEXT Other Key Events: Barclay’s Media & Telecom Forum (virtual), 9/1-9/2 Stephens Auto investor Field Trip, 9/1-9/2 Caixin Services PMI for Aug Market Closing Prices Yesterday The S&P 500 Index gained 1.41 points, or 0.03%, to 4,524.09 The Dow Jones Industrial Average fell -48.20 points, or 0.14%, to 35,312.53 The Nasdaq Composite climbed 50.15 points, or 0.33%, to 15,309.38 The Russell 2000 Index advanced 13.28 points, or 0.58% to 2,287.06 Macro Up/Down Last Nymex 0.36 68.95 Brent 0.38 71.97 Gold 1.50 1,815.40 EUR/USD 0.0015 1.1854 JPY/USD 0.00 110.01 10-Year Note -0.013 1.289% Sector News Breakdown Consumer Chewy ($CHWY) shares fell -10%; 2Q adj EBITDA $23.3Mm vs est. 34.4Mm on sales $2.16B vs est. $2.2B; sees FY net sales $8.9B-$9.0B vs. est. $9.0B Costco ($COST) reported total comparable sales for Aug. that beat the average analyst estimate; Aug. total comparable sales +14.2%, estimate +12.5%; Aug. U.S. comparable sales excluding fuel, currencies +10.1%, estimate +7.10% Five Below ($FIVE) shares fell -9%; 2Q EPS $1.15 vs est. $1.11 on sales $646.6Mm vs est. $648.3Mm; guides 3Q net sales $550-565Mm on +MSD comps vs est. $551Mm, sees EPS $0.23-0.30 vs est. $0.27 Hormel Foods ($HRL) shares fall -4%; Q3 adj EPS $0.39, in-line with estimates; Q3 revs $2.86B vs. est. $2.73B; Q2 volume of 1.2B pounds, up 1%; organic volume down 2%; operating margin 7.2%; cuts FY21 EPS view to $1.65-$1.69 from $1.70-$1.82, while raises FY21 revenue view to $11B-$11.2B from $10.2B-$10.8B Chinese regulators summoned 11 ride-hailing firms including DIDI Global ($DIDI) to discuss concerns related to the sector; China’s transport ministry highlighted the hiring of unqualified drivers and use of promotions that disrupt fair market order during the meeting Sportsman’s Warehouse ($SPWH) Q2 adj EPS $0.44 vs. est. $0.48; Q2 sales $361.8M vs. est. $345.6M; said Q2 same store sales decreased 9.9% compared to the same period last year; For the first half of fiscal year 2021, same store sales increased 3.4% compared to the same period last year; Adjusted EBITDA was $35.2M compared to $53.6M in the comparable prior year period; not providing guidance Smith & Wesson Brands ($SWBI) Q1 adj EPS $1.57 vs. est. $1.29; Q1 revs $274.6M vs. est. $278.59M; record gross margin of 47.3% vs. 40.2% last year ChargePoint Holdings ($CHPT) rises 12%; 2Q EPS ($0.29) vs est. ($0.13) on revs $56.1Mm vs est. $49.1Mm, says activated ports exceed 118,000 with over 5,400 in Europe and over 3,700 DC fast charge ports; guides 3Q revs $60-65Mm vs est. $54.7Mm, sees FY revs $225-235Mm up from $195M-$205M vs est. $206.6Mm DraftKings ($DKNG) announced the launch of DraftKings Online Sportsbook in Wyoming, marking the thirteenth state in which its mobile sportsbook is available Tesla ($TSLA) now aims for Full Self-Driving Beta public release ~September 25th, Electrek reports https://electrek.co/2021/09/01/tesla-full-self-driving-beta-public-release-4-weeks/ Energy, Industrials and Materials Greif ($GEF) Q3 adj EPS $1.93 vs. est. $1.54; Q3 revs $1.49B vs. est. $1.39B; sees FY21 EPS $5.10-$5.30 vs. est. $4.63; sees FY21 adjusted free cash flow $335M-$365M Ingersoll Rand Inc. ($IR) authorized a new share repurchase program of $750 mln Exelon ($EXC) tells Illinois lawmakers and Gov. J.B. Pritzker to finalize an energy policy deal by September 13 or face the permanent closure of one of the state’s six nuclear power plants. Energy Transfer ($ET) signed a 15-year power purchase agreement to buy 120 MW of electricity from SoftBank’s ($SFTBY) Eiffel Solar project in northeast Texas; financial terms are not disclosed. General Electric ($GE) was awarded a not-to-exceed $1.65B firm-fixed-price, indefinite-delivery, performance-based logistics requirements contract for the repair, upgrade or replacement, inventory management, and required supply response times of 17 F414 engine components in support of the F/A-18 aircraft Virgin Galactic ($SPCE) slips after the U.S. Federal Aviation Administration (FAA) said on Wednesday it is investigating descent deviation of July 11 flight of SPCE rocket plane that carried British billionaire Richard Branson. FAA spokesman told Reuters vehicle “deviated from its Air Traffic Control clearance as it returned to Spaceport America. The FAA investigation is ongoing.” Donaldson ($DCI) Q4 EPS $0.66 in-line with estimates; Q4 revs $773.1M vs. est. $770.69M; sees FY22 EPS $2.50-$2.66 vs. est. $2.68; sees FY22 sales growth of 5%-10% (est. $3.12B) OPEC+ and its allies agreed yesterday to stick to their existing plan for gradual monthly oil-production increases after a video conference. Ministers ratified the 400,000 barrel-a-day supply hike scheduled for October after one of the quickest meetings in recent memory. Financials CIBC to become exclusive credit card issuer for Costco Mastercard’s in Canada and acquire existing Costco Canadian credit card portfolio Over the last six months SPACs have lost $75 billion. A group of 137 SPACs that closed mergers by mid-February have lost 25% of their combined value. At one point last month, the pullback topped $100 billion – WSJ Healthcare FDA AdComm to discuss Pfizer ($PFE) and BioNTech SE ($BNTX) application for COVID-19 Booster on September 17th Assembly Biosciences, Inc. ($ASMB) shares fall -20%, as the clinical-stage biotechnology company developing innovative therapeutics targeting hepatitis B virus ($HBV), today announced its decision to discontinue development of ABI-H2158 (2158) following the observation of elevated ALT levels consistent with drug-induced hepatotoxicity in an ongoing Phase 2 trial. Cannabis space: The newly inaugurated governor of New York says she wants to “jumpstart” the implementation of marijuana legalization—and she took a major step on Wednesday by making two key regulatory appointments for the state’s cannabis market that have now been confirmed in a Senate committee during a special session (watch shares of $TLRY, $CURLF, $GTBIF, $CRON) https://bit.ly/3jzhR0D Phreesia ($PHR) 2Q EPS ($0.48) vs est. ($0.10) on revs $51Mm vs est. $47.2Mm, says avg number of provider clients was 1,987 in qtr vs 1,668 prior year +19%; guides FY revs $195-198Mm vs est. $193.4Mm, continue to expect overall cash outflow to increase in FY22 vs FY21 NeoGenomics Inc ($NEO) files prospectus related to resale or other disposition of 4.4 mln shares by selling stockholders Ascendis Pharma ($ASND)5M share Secondary priced at $160.00 Technology, Media & Telecom Asana ($ASAN) Q2 adj EPS loss (-$0.23) vs. est. loss (-$0.26); Q2 revs $89.5M vs. est. $82.24M; sees Q3 adj EPS loss (27c)-(26c) vs. est. loss (-$0.28); sees Q3 revs $93M-$94M vs. est. $86.72M; raises FY22 revenue view to $357M-$359M from $336M-$340M (est. $338.81M); Revenues from customers spending $5,000 or more on an annualized basis grew 97% YoY; customers spending $50,000 or more on an annualized basis increased to 598, up 111% YoY ai ($AI) shares fell -10%; Q1 EPS loss (-$0.37) vs. est. loss (-$0.28); Q1 revs $52.4M vs. est. $51.16M; said Q1 included YoY increases of 29% in revenue and 31% in gross profit; sees Q2 revenue $56M-$58M vs. est. $56.12M; sees FY22 revenue $243M-$247M vs. est. $245.4M; Q1 Subscription revenue was $46.1M, up from $35.7M one year ago, an increase of 29% Yoy eGain ($EGAN) 4Q adj EPS $0.08 vs est. $0.03 on revs $20.2Mm vs est. $19.9Mm; guides 1Q adj EPS $0.02-0.05 vs est. $0.03, sees 1Q revs $20.9-21.3Mm vs est. $20.6Mm; guides FY revs $88.2-89.8Mm vs est. $87.1Mm; sees FY adj EPS ($0.03) to $0.00 vs est. $0.20 nCino ($NCNO) 2Q adj EPS ($0.02) vs est. ($0.06) on revs $66.5Mm vs est. $63.7Mm; guides 3Q adj net EPS loss $0.06-0.07 vs est. loss $0.06, sees 3Q revs $66-67Mm vs est. $65.1Mm; guides FY adj EPS net loss $0.22-0.23 vs est. loss $0.23, sees FY revs $263-264Mm vs est. $259.1Mm Nutanix ($NTNX) Q4 adj EPS loss (-$0.26) vs. est. loss (-$0.42); Q4 revs $390.7M vs. est. $362.88M; operating expenses topped revenue at $454.1M though rose from $432.3M a year ago; sees Q1 ACV Billings $172M-$177M Okta ($OKTA) Q2 adj EPS loss (-$0.11) vs. est. loss (-$0.35); Q2 revs $316M vs. est. $296.52M; sees Q3 adj EPS loss (25c)-(24c) vs. est. loss (-$0.34); sees Q3 revs $325M-$327M vs. est. $322.93M; raises FY22 adjusted EPS loss view (77c)-(74c) from ($1.16)-($1.13); Q2 revenue grew 57% year-over-year; subscription revenue grew 59% YoY; remaining performance obligations (RPO) grew 57% YoY to $2.24 billion Semtech ($SMTC) 2Q adj EPS $0.65 vs est. $0.62 on sales $185Mm vs est. $182.9Mm; guides 3Q adj EPS $0.68-0.76 vs est. $0.67 with adj gr margin 62.8-63.8%, adj SG&A $33.5-34.5Mm, adj R&D $32.5-33.5Mm Veev Systems ($VEEV) 2Q adj EPS $0.94 vs est. $0.87 on revs $455.6Mm vs est. $451.9Mm; guides 3Q adj EPS $0.87-0.88 vs est. $0.86, sees 3Q revs $464-466Mm vs est. $460Mm; guides FY revs $1.83-1.835B vs est. $1.823B, sees FY adj EPS about $3.57 vs est. $3.47 China’s Alibaba Group ($BABA) will invest 100 billion yuan ($15.5 billion) by 2025 in support of “common prosperity”, it said, becoming the latest corporate giant to pledge support for the initiative driven by President Xi Jinping Ireland hit Facebook’s ($FB) WhatsApp with a record 225 million euro ($266 million) fine on Thursday following an inquiry into the messaging app’s transparency around sharing personal data with other Facebook companies.
85 Replies 11 👍 8 🔥
Report: Amazon Air Puts 70% Of US Population Within Next-Day Reach
48 Replies 6 👍 10 🔥
@Laz305 #Dark Pool Charts
I would've just thrown my arms in the Air and say to myself weep guess not tonight 😂
70 Replies 15 👍 13 🔥
an air of wisdom
111 Replies 9 👍 12 🔥
Next Dividend Date
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR's Expeditionary Services include Mobility Systems operations.
CEO: John Holmes
HQ: 1100 N Wood Dale Rd Wood Dale, 60191-1060 Illinois