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Monday, September 27, 2021 Futures Up/Down % Last Dow 91.00 0.26% 34,765 S&P 500 1.25 0.03% 4,447 Nasdaq -48.50 0.32% 15,270 U.S. stock futures are looking higher, led by the energy complex after WTI crude tops $75 for the first time since July and Brent crude hitting 3-year highs following a massive stock market recovery late last week as fears about China Evergrande Group ‘s debt crisis issues waned and investors bet on further economic reopening from the pandemic. Despite the Chinese property developer missing a bond coupon payment, the S&P 500 still finished the week up 0.5% (though U.S. listed China stocks fell sharply on the week). Last week, Federal Reserve Chairman Jerome Powell said the U.S. economy has recovered sufficiently for the central bank to potentially announce the start of bond-purchase tapering at its next meeting, which failed to dent investor optimism, even as Treasury yields and the dollar rallied as the FOMC pushed up its timeline for interest rate hikes. In Asian markets, The Shanghai Composite Index slipped 0.8%, while Hong Kong’s Hang Seng Index edged up 0.1%. The Nikkei Index was down slightly at 30,240, the Shanghai Index dipped -30 points to 3,583 and the Hang Seng Index edged higher 16 points to 24,208. In Europe, the German DAX rises following election results, up around 100-points (0.6%) at 15,625, while the FTSE 100 is up slightly above 7,060. Oil futures rise with WTI crude oil futures topping $75 a barrel for the first time since July, amid an escalating energy crunch across Europe and now China. Energy is the clear premarket leader among the S&P sectors, most of which are higher. Materials and Info Tech are slightly lower. Treasury yields are moving to their best levels since late June, with the benchmark 10-year yield above 1.49% and the 30-year topping 2%, extending last week gains which saw the largest one-week yield gain since June 25, as it rose nearly 8 basis points. The 10-year was yielding 1.495%, up from 1.454%. Markets await data on new U.S. orders for durable goods in August at 8:30 AM ET. Market Closing Prices Yesterday The S&P 500 Index gained 6.50 points, or 0.15%, to 4,455.48 The Dow Jones Industrial Average rose 33.18 points, or 0.10%, to 34,798.00 The Nasdaq Composite slipped -4.54 points, or 0.03%, to 15,047.70 The Russell 2000 Index declined -10.97 points, or 0.49% to 2,248.07 Events Calendar for Today 8:30 AM ET Durable Goods Orders for Aug 8:30 AM ET Durable Goods Ex: Transportation for Aug 10:30 AM ET Dallas Fed Manufacturing for Sept 1:00 PM ET U.S. to sell $61 bln 5-year notes 1:00 PM ET U.S. to sell $60 bln 2-year notes Earnings Calendar: Earnings Before the Open: $AYTU, $IBIO, $SANW Earnings After the Close: $CNXC Other Key Events: BMO Capital Washington DC Property Tour, 9/27-9/28 Cantor Global Healthcare Conference (virtual), 9/27-9/30 Macro Up/Down Last Nymex 1.08 75.06 Brent 1.16 79.25 Gold -1.15 1,749.25 EUR/USD -0.0019 1.1701 JPY/USD 0.22 110.95 10-Year Note +0.03 1.491% World News House Speaker Nancy Pelosi pledged to pass a $550 billion infrastructure bill this week and signaled that the headline amount on a bigger package of spending and tax measures will be lowered from $3.5 trillion German inflation is likely to accelerate from already high levels and will stay above 2% through mid-2022, exceeding the European Central Bank’s target for the 19-nation euro zone, the Bundesbank said in a monthly report on Monday Widening power shortages in China have halted production at numerous factories including many supplying Apple and Tesla. On Monday, State Grid Corp pledged to ensure basic power supply and avoid electricity cuts. China’s power crunch, caused by tight coal supplies and toughening emissions standards, has hurt production in industries across several regions – Dow Jones Sector News Breakdown Consumer Scotts Miracle-Gro ($SMG) mentioned positively in Barron’s saying the co has a dominant franchise in the consumer lawn and garden market, and it has a fast-growing hydroponics business catering mainly to the marijuana industry. Scotts has seen its stock fall over 40% from an April high to a recent $146 on lower consumer demand in 2022 and narrower profit margins concerns but yet the stock looks inexpensive Lordstown Motors ($RIDE) downgraded to Sell from Neutral at Goldman Sachs Tesla’s ($TSLA) Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, despite a global semiconductor shortage, Reuters reported Gores Guggenheim Inc ($GGPI) rises after Swedish electric car maker Polestar agrees to go public through merger with GGPI, at a valuation of $20 bln including debt https://bit.ly/3udy8fD Energy, Industrials and Materials Lockheed Martin ($LMT) was awarded a $1.1B modification to a previously awarded fixed-price incentive advance acquisition contract. Piedmont Lithium ($PLL) files automatic mixed securities shelf BP plc ($BP) says panic buying has caused 30% of its 1,200 gasoline stations in the U.K. to run out of the two main grades of fuel. Healthcare Acceleron Pharma Inc. ($XLRN) is in advanced discussions to be acquired by a large pharmaceutical company for about $180 a share in cash, according to people familiar with the matter, Bloomberg reported late Friday https://bloom.bg/3ANfEVx Pfizer ($PFE), Opko ($OPK) said late Friday the FDA extended the review period for the biologics license application for somatrogon SeaSpine Holdings Corp. ($SPNE) said late Friday it expects its total revenue for q3 of 2021 to grow in mid-single digit range; said it is unable to confirm its prior revenue guidance for q4 and full-year 2021 at this time Syndax Pharmaceuticals ($SNDX) and Incyte ($INCY) announce global collaboration to develop and commercialize axatilimab for chronic graft-versus-host disease and other fibrotic diseases; Syndax to receive $152 million in cash ($117 million upfront plus a $35 million equity investment, with potential for $450 million in additional milestone payments) ASLAN Pharmaceuticals (ASLN) shares fall after announcing data conclusively establishing proof of concept for ASLAN004 in atopic dermatitis; said topline data from multiple-ascending-dose study supports a potentially differentiated safety and efficacy profile. ASLAN004 achieved a statistically significant improvement vs. placebo in the primary efficacy endpoint of percent change from baseline in EASI with significant improvements in other efficacy endpoints Astellas Pharma ($ALPMY) and Seagen ($SGEN) announced that Japan’s Ministry of Health, Labor and Welfare has approved PADCEV (enfortumab vedotin) for radically unresectable urothelial carcinoma that has progressed after anti-cancer chemotherapy. Technology, Media & Telecom Google ($GOOGL), seeking to overturn the EU’s $5B antitrust decision from 2018, is arguing that its Android operating system for mobile devices has boosted competition rather than stifled it – WSJ Several Apple ($AAPL) and Tesla ($TSLA) suppliers have halted production at some of their Chinese facilities to comply with Beijing’s tighter energy consumption policy, putting supply-chain continuity at risk during a peak season for electronics goods including the latest iPhones. – Nikkei reports https://s.nikkei.com/3m1F7EF Vizio ($VZIO) a positive mention in Barron’s saying stock buyers should consider newly public Vizio, which completed upfront advertising negotiations with more than $100 million in commitments, up fourfold from last year com’s ($AMZN) Whole Foods Market is implementing a grocery delivery fee across the U.S., rolling back a perk the retailer had offered for paying Prime members since it began offering home delivery from the organic grocer
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huge AMZN weight in XLY
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AFRM been nuts since the AMZN news
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Intraday target # 3 AFRM (AFFIRM HOLDINGS) The bull of wall street has been surging from their AMZN deal, earnings, and upgrades, this was during a weak and sideways market, expect continuation from a market receiving volatility and direction. Watching for a break of yesterday's high and the trend line abov e$116 for a day trade to the $118 level
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whay a weekly AMZN?
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Banza, a company that makes chickpea-based comfort food, has partnered with Beyond Meat Inc. (BYND) for the nationwide launch of the Banza Supreme, a vegetarian pizza made with three dairy-based cheeses and Beyond Sausage Italian Crumbles. Banza is also launching a vegan cheese pizza. The Banza pizzas will be available at Kroger Co. (KR), Thrive Market, FreshDirect, Amazon.com Inc. (AMZN) and other outlets. Beyond Meat stock has fallen 10.3% for the year to date, with shares taking a hit last Thursday after a Piper Sandler downgrade. The S&P 500 index has gained 16.2% for the period.
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Heads up as I’ve been selling a few more dated AMZN put spreads. You can get almost 4 for the June 3050/3040 right now
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-4% in AMZN
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All those short AMZN puts
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covered last of IWM and ARKK puts. doing some buying as well MAPS, SMG, OKTA. sold a few more long dated put spreads on googl/amzn
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amzn is holding up decent
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if you're trading a big stock like AMZN or TSLA try $25 or $50. For a smaller stock like MSFT or AAPL try $10 or $25. > @DarkPoolAlgo said: http://tos.mx/
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you mean for AMZN?
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that's cray > @AJAJ said: @JPwhoisbrown JP I heard you got in TSLA and AMZN and YOU DIDN'T TELL ME??
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OHHHHHHHHH DAMNNNNN > @AJAJ said: @JPwhoisbrown JP I heard you got in TSLA and AMZN and YOU DIDN'T TELL ME??
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@JPwhoisbrown JP I heard you got in TSLA and AMZN and YOU DIDN'T TELL ME??
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AMZN sollte die 3400 abräumen in Kürze http://s1.bookmap.com/?id=6142015520b77
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looks like AMZN CEO going to be on CNBC
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Tuesday, September 14, 2021 Futures Up/Down % Last Dow 39.00 0.11% 34,793 S&P 500 4.25 0.11% 4,464 Nasdaq 4.50 0.03% 15,434 U.S futures are looking flattish to slightly higher ahead of key inflation data later this morning, as the August Consumer Price Index (CPI) is expected to show a MoM increase of +0.4% and YoY rise 5.3% (which would mark a 4th straight month above 5%). The data could set the tone for the rest of the day as the 10-year Treasury yield is up 1.5 bps to 1.339% ahead of the data, while the dollar index is down slightly around 92.60. In Asian markets, The Nikkei Index rose 222 points to 30,670, the Shanghai Index dropped -52 points (1.42%) to settle at 3,662 and the Hang Seng Index declined -311 points (1.21%) to 25,502. In Europe, the German DAX is up about 15 points to 15,720, while the FTSE 100 is down about -20 points to 7,050. On Monday, the S&P snapped its longest losing streak since February (5-days) while the blue-chip Dow Jones Industrial produced its best daily gain since early August as investors bought energy and financial assets to start the week. The Dow closed up by about 262 points, or 0.8%, to 34,870, halting a five-session skid and notching its best point and percentage advance since Aug. 5. The S&P 500 index climbed 10 points, or 0.2%, to around 4,469, also ending a five-session slide. The Nasdaq Composite Index slipped 0.1% at around 15,106, extending its string of declines to four straight sessions, representing the longest such skid since a five-session slump ended July 19. Of note later today, investors await AAPL’s first fall event at 1PM ET / 10AM PT, with expectations for a new iPhone, and updates on other products. Events Calendar for Today 6:00 AM ET NFIB Small Business Optimism for Aug 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM ET Consumer Price Index (CPI) MoM for Aug…est. +0.4% 8:30 AM ET Consumer Price Index (CPI) YoY for Aug…est. +5.3% 8:30 AM ET CPI Core: Ex: Food & Energy MoM for Aug…est. +0.4% 8:30 AM ET CPI Core: Ex: Food & Energy YoY for Aug…est. +4.2% 8:55 AM ET Johnson/Redbook Weekly Sales 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: A LOT, CNM, FCEL, PETM Earnings After the Close: ASPU, EWCZ, IBEX, SKIL Other Key Events: Apple (AAPL) announces product launch event today China Retail Sales and Industrial Output for Aug 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 Baird Global Healthcare Conference 2021 (virtual), 9/14-9/15 Barclay’s Financial Services Conference (virtual) 2021, 9/13-9/15 HC Wainwright 23rd Annual Global Investment Conference (virtual), 9/13-9/15 Jefferies Software Conference (virtual), 9/14-9/15 Lake Street 5th Annual Best Ideas Growth Conference (virtual), 9/14-9/15 Market Closing Prices Yesterday The S&P 500 Index gained 10.15 points, or 0.23%, to 4,468.73 The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63 The Nasdaq Composite slipped -9.91 points, or 0.07%, to 15,105.58 The Russell 2000 Index advanced 13.24 points, or 0.59% to 2,240.78 Macro Up/Down Last Nymex 0.56 71.01 Brent 0.61 74.13 Gold -7.10 1,786.65 EUR/USD -0.0004 1.1807 JPY/USD 0.10 110.09 10-Year Note +0.015 1.338% World News UK July Employment Change higher at 183k vs 178k consensus while UK July Unemployment Rate in-line at 4.6% Japan July Industrial O/P in line fell -1.5% m/m and 13.3% y/y; Japan July Capacity Utilization -3.4% vs 6.2% previous Sector News Breakdown Consumer Herbalife Nutrition ($HLF) cuts Q3 EPS and sales view; cuts FY21 revenue view to 4.5%-8.5% from 8.5%-12.5% and EPS to $4.55-$4.95 from $4.70-$5.10 (est. $4.99) saying they recently observed lower than expected levels of activity amongst its independent distributors that has led to a decrease in expected third quarter and full year net sales AMZN ($AMZN) has increased its average starting wage in the United States to more than $18 an hour, a ~6% hike, and plans to hire another 125,000 warehouse and transportation workers, according to Reuters Figs ($FIGS) files to sell 8.83M shares of Class A common stock for holders Volt information Sciences ($VOLT) 3Q adj EPS $0.05 vs est. $0.04 on revs $217.5Mm vs est. $213Mm Energy, Industrials, Materials The Pentagon has awarded Lockheed Martin Corp ($LMT) annualized contracts for 2021 and option years 2022 and 2023, worth up to $6.6 billion to support operations and sustainment of the global F-35 fleet, its F-35 Joint Program Office said Exelon ($EXC) upgraded to Buy from Neutral at Mizuho and raise tgt to $53 from $47.50 Matrix Service Company ($MTRX) 4Q adj EPS ($0.40) vs est. ($0.03) on revs $174.9Mm vs est. $177.2Mm, backlog as of June 30 was $462.6Mm; says award activity in the first quarter of fiscal 2022 has accelerated and we are expecting increasing awards and improving backlog as we move through the fiscal year MP Materials ($MP) announces offering of 4M shares of common stock for holders Financials Intuit ($INTU) said it would buy email marketing company Mailchimp for about $12 billion in a cash-and-stock deal (confirmed a late day WSJ report that INTU was in works to acquire the company) AllianceBernstein L.P. ($AB) said preliminary assets under management increased to $761 billion during August 2021 from $748 billion at the end of July. Market appreciation and firmwide net inflows drove the 2% increase. In the month of August, net inflows to Retail and Institutions were partially offset by modest net outflows from Private Wealth. Discover Financial Services ($DFS) said credit card delinquency rate 0.92% at August end vs 0.93% at July end and credit card charge-off rate 1.14% at August end vs 1.09% at July end Invesco Ltd. ($IVZ) preliminary month-end assets under management ($AUM) of $1,562.7 billion, an increase of 2.2% versus previous month-end. Total net inflows were $13.6 billion. The firm achieved net long-term inflows of $8.4 billion this month. Manning & Napier, Inc. ($MN), reported preliminary assets under management as of August 31, 2021 of $22.7 billion, compared with $22.5 billion at July 31, 2021, and $22.3 billion at June 30, 2021. Opendoor Technologies ($OPEN) announces offering of 28M shares of common stock for holders Victory Capital Holdings, Inc. ($VCTR) reported assets under management ($AUM) of $164.9 billion as of August 31, 2021. Life Storage ($LSI)5M share $306M Spot Secondary offering priced at implied $122.40 Healthcare Incyte ($INCY) announces ruxolitinib cream data accepted for presentation at the 2021 European academy of dermatology and venereology (EADV) virtual congress KalVista Pharmaceuticals (KALV) announces the lifting of FDA clinical hold for phase 2 trial of KVD824 MaxCyte, Inc. ($MXCT) 2Q EPS ($0.05) vs est. ($0.07) on revs $7.1Mm vs est. $5.7Mm; guides FY revs about $30Mm vs est. $28.2Mm Akerna ($KERN) will acquire business management software system 365 Cannabis in a $17M deal; Akerna will pay $4M in cash and $13M in stock, with a potential earn-out of $8M. The transaction is expected to close in Q4. Avantor ($AVTR)83M share Secondary priced at $42.00 Technology, Media & Telecom Oracle ($ORCL) Q1 adj EPS $1.03 vs. est. $0.97; Q1 revs $9.73B vs. est. $9.77B; Q1 Cloud Services and License Support Revenue $7.37B, Q1 Cloud License And On-Premise License Revenue $813M; Q1 Hardware Revenue $763M and Q1 Services Revenue $781M; Q1 GAAP operating income was up 7% to $3.4 billion, and GAAP operating margin was 35%; Non-GAAP operating income was up 4% to $4.3 billion; sees Q2 EPS $1.09-$1.13 vs. est. $1.08 and sees Q2 revs up 3%-5% SeaChange Int’l ($SEAC) 2Q adj EPS loss ($0.03) vs est. ($0.09) on revs $6.5Mm vs est. $5Mm IAC/InterActiveCorp (IAC) said August revenue for ANGI up 21%, DotDash up 29%, search up 67%; said August rev for emerging and other up 33% Vimeo Inc. ($VMEO) August total rev up 33%, August average revenue per user up 15% Semiconductor equipment makers Advanced Energy ($AEIS), Applied Materials ($AMAT) and Lam Research ($LRCX) all downgraded to Neutral from Positive at Susquehanna, while the firm upgraded KLA Corp. ($KLAC) to Positive from Neutral at Susquehanna Sportradar ($SRAD) 19M share IPO priced at $27.00
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AAPL + AMZN + FB + GOOGL + MSFT + NVDA = 24% of S&P AAPL + AMZN + FB + GOOGL + MSFT + NVDA = 42% of NASDAQ
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real bullish for AMZN if jay-z partnered with bezos on a football team
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if AMZN can partner if AFRM, shit MCD can buy a stake in BYND and make me orgasm :)
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I don't even think the afrm amzn deal is exclusive
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