3.032 - 3.22
2.91 - 7.62
Join Discuss about CAMP with like-minded investors
By Senad Karaahmetovic The U.S. stocks fell modestly last week with the S&P 500 (SPX) closing the week 0.28% lower - the first time it recorded two consecutive weekly red candles since December. The index is essentially flat month-to-date (MTD), which is quite positive for bulls as the January rally is still holding in. Looking at valuation, the forward 12-month P/E ratio for the S&P 500 is 18.0, below the 5-year average of 18.5% but above the 10-year average of 17.2. The Dow Jones Industrial Average Index (DJI) has continued to hover around 34000, ending the week 0.13% lower. Nasdaq Composite Index (IXIC) was the only major U.S. index to close in green last week after dropping 2.4% a week earlier. Looking ahead, this week's key economic data releases include the Q4 GDP second release on Thursday while investors will also watch closely the core PCE inflation and the University of Michigan reports on Friday. Earlier in the week, the minutes from the January FOMC meeting will be released (Wednesday) while several Fed speakers are due to speak this week, including Jefferson, Waller, Williams, Bostic, Daly, Mester, Bullard, and Collins. Q4 earnings session so far As of Friday, February 17, 82% of S&P 500 companies have reported results for Q4 2022. According to FactSet's data, 68% of S&P 500 companies have reported a positive EPS surprise and 65% of S&P 500 companies have reported a positive revenue surprise. As far as closely watched guidance is concerned, 65 S&P 500 companies have issued negative EPS guidance and 20 S&P 500 companies have issued positive EPS guidance. For this week, Home Depot (NYSE:HD) and Walmart (NYSE:WMT) have already reported earnings with both trading lower, thanks to the weaker-than-expected guidance for the full year. Coinbase (NASDAQ:COIN) and Palo Alto Networks (NASDAQ:PANW) are due to report on Tuesday, while Nvidia (NASDAQ:NVDA) and eBay (NASDAQ:EBAY) are reporting on Wednesday after the market close. Finally, Alibaba (NYSE:BABA) and Booking (NASDAQ:BKNG) are due to report on Thursday. What are analysts saying? Here's what analysts have to say about the upcoming trading week. Goldman Sachs analysts: "Our risk appetite indicator (GSRAII), sentiment surveys and CTAs equity positioning registered the largest bullish turn (from very bearish levels). We think the speed of the rebound lowers the bar for a negative sentiment shock from here if macro data disappoint." Morgan Stanley analysts: "With the Equity Risk Premium at its lowest level since 2007, the risk-reward for stocks is extremely poor, particularly with a Fed that is likely far from done, and earnings expectations that are 10-20% too high. It's time to head back to base camp before the next guide down in earnings." Citi analysts: "Last year's losing trades have started 2023 very strongly. Global equities, especially tech stocks, are up. Oil and defensive stocks have lagged. However, markets often change leadership into the new year, only to revert back to the previous themes later on. We suspect 2023 will follow this well-worn pattern." UBS analysts: "We still expect a hard landing… We added a May rate hike to the projection, and point to the risks that the FOMC raises rates by an additional 25 bps at their June meeting too. But higher rates do not make us more bullish on the economic outlook." Credit Suisse analysts: "The bulls have been playing two key datapoints (global PMIs rising and core CPI falling), and thus the negative catalyst will come when either stops. Wages and service sector inflation (ex shelter) are correctly seen as the key to overall inflation, and we think both are stickier than the market currently perceives." Vital Knowledge analysts: "The current phase of unhelpful economic data may persist for a bit longer (including the Jan PCE on Friday 2/24) and the SPX's valuation still isn't appealing, but these are ephemeral stumbling blocks, which is why dips (down to 4000-4050) should be bought. Disinflation is likely to resume, central banks (including the Fed) are nearing the finish line, and earnings/growth are resilient." JPMorgan analysts: "With equities trading near last summer’s highs and at above-average multiples, despite weakening earnings and the recent sharp move higher in interest rates, we maintain that markets are overpricing recent good news on inflation and are complacent of risks. Equity markets appeared to read this month's central bank meetings as dovish, while dismissing the weak Q4 earnings and the implications of the strong US payroll report for both monetary policy and corporate margins. We see the equity risk/reward as skewed to the downside, as upside potential for markets is likely fairly limited given stretched valuations and high rates, while downside could be meaningful, e.g. in case of a further weakening of activity, persisting inflation, higher terminal rates, or a resurgence of geopolitical risk."
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yep I am with you in the not much to do camp
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@trav21 #LCMS Traders Club
how do I get access to the 4 days boot camp?
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By Tom Westbrook SINGAPORE (Reuters) - Asia's stock markets were mixed on Thursday, a day after their biggest slide in three months as investors weighed the risk of the Federal Reserve hiking interest rates by a jumbo 100 basis points next week to tackle sky-high inflation. The Japanese yen also began slipping again, getting only a limited boost from the strongest hints yet of possible market intervention by Japanese authorities. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1% and Japan's Nikkei 0.2%. EUROSTOXX 50 futures added 0.1% and FTSE futures firmed 0.4%. S&P 500 futures and Nasdaq futures were both near flat. [.N] "Equity markets are presently in no-man's land," said Sean Darby, global equity strategist at Jefferies in Hong Kong. "Better macro news to support earnings is discounted as (there is) the need for further tightening to quash growth – while CPI prints are not declining fast enough," he said. "The best metaphor is that the Fed is not only driving the economy using a rear view mirror but is now being forced to press the 'rate rise' accelerator just as bond markets are discounting an overtightening." Fed funds futures, which were dumped along with stocks after Tuesday's stubbornly hot U.S. inflation reading, imply a 30% chance of a 100 basis point rate hike next week. They have the benchmark U.S. interest rate as high as 4.3% by February. Treasuries were calm in Tokyo trade on Thursday, but the U.S. yield curve is deeply inverted - often a signal of a looming recession - as investors believe that rate hikes through this year and next will take a bite out of future growth. [US/] Two-year yields, which track near-term rate expectations, edged up to 3.029%, bringing the rise for the week so far to 23 basis points in the seventh straight weekly gain. The benchmark 10-year yield was at 3.424%, having climbed 11 basis points this week. "(There are) two opposing forces for the 10-year note – the upward pressure from Fed hikes and downward pressure from a potential economic downturn in the future," said NatWest Markets' U.S. rates strategist Jan Nevruzi. "We are more firmly in the camp that more hikes today increase the odds for a deeper recession." LINE IN THE SAND One bright patch on Thursday was China's beleaguered property sector, with news reports on forthcoming government support lifting a Hong Kong index of mainland developers 6.5%. The broader Hang Seng rose 0.8%. (HK) In currency markets, the U.S. inflation shock and expectation of rate hikes in response have sent the greenback up to re-test recent multi-decade highs. Thursday moves were modest, with the euro down a fraction at $0.9965 and the Aussie taking a small lift to $0.6758 after some mixed employment data. [AUD/] The yen, pounded some 20% lower against the dollar this year, eased anew to 143.55 per dollar. It had bounced as far as 142.56 on Wednesday when the Bank of Japan checked dollar/yen rates with banks around the 145 per dollar level - a possible prelude to outright yen buying. Japan has not intervened in forex markets since 2011 and back then it was to restrain an overly strong yen. "I certainly don't want to be the one to stand here and suggest that this (145 yen per dollar) is the line in the sand," said Shafali Sachdev, head of FX, fixed income and commodities for Asia at BNP Paribas (OTC:BNPQY) Wealth Management in Singapore. "But what's clear is that the market is wary of the level, and has tried to test the level a few times which seems to suggest that if it breaks, it may overshoot quite rapidly." Data out on Thursday showed Japan had posted a record trade deficit in August, one aggravated by the yen's slide. That was also yet another weight on the currency. Later in the day European trade data is due and Chinese President Xi Jinping meets Russia's Vladimir Putin in Uzbekistan. In oil markets, Brent crude futures dipped 24 cents to $93.86 a barrel. Spot gold dropped 0.4% to $1,689 an ounce, having steadily slipped as the dollar and U.S. yields have gone up. [O/R][GOL/]
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By Yimou Lee and Sarah Wu TAIPEI (Reuters) -China fired multiple missiles around Taiwan on Thursday, launching unprecedented military drills a day after a visit by U.S. House of Representatives Speaker Nancy Pelosi to the self-ruled island that Beijing regards as its sovereign territory. The exercises, China's largest ever in the Taiwan Strait, began as scheduled at midday and included live-firing in the waters to the north, south and east of Taiwan, bringing tensions in the area to their highest in a quarter century. China's Eastern Theatre Command said at around 3:30 p.m. (0730 GMT) it had completed multiple firings of conventional missiles in waters off the eastern coast of Taiwan as part of planned exercises in six different zones that Beijing has said will run until noon on Sunday. Taiwan's defence ministry said 11 Chinese Dongfeng ballistic missiles had been fired in waters around the island. The last time China fired missiles into waters around Taiwan was in 1996. Taiwan officials condemned the drills, saying they violate United Nations rules, invade its territorial space and are a direct challenge to free air and sea navigation. Tensions had been building ahead of Pelosi's unannounced but closely watched visit to Taiwan, made in defiance of heated warnings from China. Before Thursday's drills officially began, Chinese navy ships and military aircraft briefly crossed the Taiwan Strait median line several times in the morning, a Taiwanese source briefed on the matter told Reuters. By midday, warships from both sides remained in the area and in close proximity, and Taiwan scrambled jets and deployed missile systems to track multiple Chinese aircraft crossing the line. "They flew in and then flew out, again and again. They continue to harass us," the Taiwanese source said. China, which claims Taiwan as its own territory and reserves the right to take it by force, said on Thursday its differences with the self-ruled island are an internal affair. "Our punishment of pro-Taiwan independence diehards, external forces is reasonable, lawful," China's Beijing-based Taiwan Affairs Office said. In Taiwan, life was largely as normal, despite worries that Beijing could take the unprecedented step of firing a missile over the main island, similar to a launch by North Korea over Japan's northern island of Hokkaido in 2017. Taiwan residents are long accustomed to Beijing's threats. "When China says it wants to annex Taiwan by force, they have actually said that for quite a while," said Chen Ming-cheng, a 38-year-old realtor. "From my personal understanding, they are trying to deflect public anger, the anger of their own people, and turn it onto Taiwan." However, Taiwan said that the websites of its defence ministry, foreign ministry and the presidential office were attacked by hackers, and warned of the likelihood of stepped up "psychological warfare" in coming days. 'COMRADE PELOSI' Chinese Foreign Minister Wang Yi called Pelosi's visit to Taiwan a "manic, irresponsible and highly irrational" act by the United States, state broadcaster CCTV reported. Wang, speaking at a meeting of Southeast Asian foreign ministers in Phnom Penh, Cambodia, said China had made the utmost diplomatic effort to avert crisis, but would never allow its core interests to be hurt. Unusually, the drills in six areas around Taiwan were announced with a locator map circulated by China's official Xinhua news agency earlier this week - a factor that for some analysts and scholars shows the need to play to both domestic and foreign audiences. On Thursday, the top eight trending items on China's Twitter-like Weibo (NASDAQ:WB) service were related to Taiwan, with most expressing support for the drills or fury at Pelosi. "Let's reunite the motherland," several users wrote. In Beijing, security in the area around the U.S. Embassy remained unusually tight as it has been throughout the week. There were no signs of significant protests or calls to boycott U.S. products. "I think this (Pelosi's visit) is a good thing," said a man surnamed Zhao . "It gives us an opportunity to surround Taiwan, then to use this opportunity to take Taiwan by force. I think we should thank Comrade Pelosi." U.S. SOLIDARITY Pelosi, the highest-level U.S. visitor to Taiwan in 25 years, praised its democracy and pledged American solidarity during her brief stopover, adding that Chinese anger could not stop world leaders from travelling there. China summoned the U.S. ambassador in Beijing in protest against her visit and halted several agricultural imports from Taiwan. "Our delegation came to Taiwan to make unequivocally clear that we will not abandon Taiwan," Pelosi told Taiwan's President Tsai Ing-wen, who Beijing suspects of pushing for formal independence - a red line for China. "Now, more than ever, America's solidarity with Taiwan is crucial, and that's the message we are bringing here today." The United States and the foreign ministers of the Group of Seven nations warned China against using Pelosi's visit as a pretext for military action against Taiwan. White House national security spokesman John Kirby (NYSE:KEX) said earlier in the week that Pelosi was within her rights to visit Taiwan, while stressing that the trip did not constitute a violation of Chinese sovereignty or America's longstanding "one-China" policy. The United States has no official diplomatic relations with Taiwan but is bound by American law to provide it with the means to defend itself. China views visits by U.S. officials to Taiwan as sending an encouraging signal to the pro-independence camp on the island. Taiwan rejects China's sovereignty claims, saying only the Taiwanese people can decide the island's future.
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By Yimou Lee and Sarah Wu TAIPEI (Reuters) -China launched unprecedented live-fire military drills in six areas that ring Taiwan on Thursday, a day after a visit by U.S. House of Representatives Speaker Nancy Pelosi to the self-ruled island that Beijing regards as its sovereign territory. Soon after the scheduled start at 0400 GMT, China's state broadcaster CCTV said the drills had begun and would end at 0400 GMT on Sunday. They would include live firing on the waters and in the airspace surrounding Taiwan, it said. Taiwan officials have said the drills violate United Nations rules, invade Taiwan's territorial space and are a direct challenge to free air and sea navigation. China is conducting drills on the busiest international waterways and aviation routes and that is "irresponsible, illegitimate behaviour," Taiwan's ruling Democratic Progressive Party said. Taiwan's cabinet spokesman, expressing serious condemnation of the drills, said also that websites of the defence ministry, the foreign ministry and the presidential office were attacked by hackers. Chinese navy ships and military aircraft briefly crossed the Taiwan Strait median line several times on Thursday morning, a Taiwanese source briefed on the matter told Reuters. By midday on Thursday, military vessels from both sides remained in the area and in close proximity. Taiwan scrambled jets and deployed missile systems to track multiple Chinese aircraft crossing the line. "They flew in and then flew out, again and again. They continue to harass us," the Taiwanese source said. On Wednesday night, just hours after Pelosi left for South Korea, unidentified aircraft, probably drones, flew above the area of Taiwan's outlying Kinmen islands near the mainland coast, Taiwan's defence ministry said. China, which claims Taiwan as its own territory and reserves the right to take it by force, said on Thursday its differences with the self-ruled island were an internal affair. "Our punishment of pro-Taiwan independence diehards, external forces is reasonable, lawful," China's Beijing-based Taiwan Affairs Office said. China's Foreign Minister Wang Yi called Pelosi's visit to Taiwan a "manic, irresponsible and highly irrational" act by the United States, state broadcaster CCTV reported. Wang, speaking at a meeting of Southeast Asian foreign ministers in Phnom Penh, Cambodia, said China had made the utmost diplomatic effort to avert crisis, but would never allow its core interests to be hurt. The foreign ministers in a statement had earlier warned that volatility caused by tensions in the Taiwan Strait could lead to "miscalculation, serious confrontation, open conflicts and unpredictable consequences among major powers". 'COMRADE PELOSI' Unusually, the drills in six areas around Taiwan were announced with a locator map circulated by China's official Xinhua news agency earlier this week - a factor that for some analysts and scholars shows the need to play to both domestic and foreign audiences. On Thursday, the top eight trending items on China's Twitter-like Weibo (NASDAQ:WB) service were related to Taiwan, with most expressing support for the drills or fury at Pelosi. "Let's reunite the motherland," several users wrote. In Beijing, security in the area around the U.S. Embassy remained unusually tight on Thursday as it has been throughout this week. There were no signs of significant protests or calls to boycott U.S. products. "I think this (Pelosi's visit) is a good thing," said a man surnamed Zhao in the capital's central business district. "It gives us an opportunity to surround Taiwan, then to use this opportunity to take Taiwan by force. I think we should thank Comrade Pelosi." Pelosi, the highest-level U.S. visitor to Taiwan in 25 years, praised its democracy and pledged American solidarity during her brief stopover, adding that Chinese anger could not stop world leaders from travelling there. China summoned the U.S. ambassador in Beijing in protest against her visit and halted several agricultural imports from Taiwan. "Our delegation came to Taiwan to make unequivocally clear that we will not abandon Taiwan," Pelosi told Taiwan's President Tsai Ing-wen, who Beijing suspects of pushing for formal independence - a red line for China. "Now, more than ever, America's solidarity with Taiwan is crucial, and that's the message we are bringing here today." The United States and the foreign ministers of the Group of Seven nations warned China against using Pelosi's visit as a pretext for military action against Taiwan. White House national security spokesman John Kirby (NYSE:KEX) said earlier in the week that Pelosi was within her rights to visit Taiwan, while stressing that the trip did not constitute a violation of Chinese sovereignty or America's longstanding "one-China" policy. The United States has no official diplomatic relations with Taiwan but is bound by American law to provide it with the means to defend itself. China views visits by U.S. officials to Taiwan as sending an encouraging signal to the pro-independence camp on the island. Taiwan rejects China's sovereignty claims, saying only the Taiwanese people can decide the island's future.
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He is fully in 75 point camp. "Don't think because you're not going to 100, you're not doing your job."
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Was he in the transitory camp?
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@aserg76 #P I V O T B O S S
new to the site. should I watch the 5day boot camp first or the premium training 10 part series? TY
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@Thai #P I V O T B O S S
Hi everyone, Someone mentioned Boot Camp training. Where can I find that? thx?
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seems to be a camp building that's under the impression a post-FOMC relief rally followed by further downside could be what's up
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dont know, but UK MOD reports russia made no gains at the weekend. Russian army blogger saying online the 40km column is a slow moving prisoner of war camp
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I'm leaning more toward camp gartman
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**@Benzinga:** Learn how to trade in 1 DAY at the Benzinga Boot Camp LIVE on December 29. Transform the way you trade #stocks, options and more with our top trading educators. Get started NOW for FREE at https://t.co/ooZehPRJ5G #BZBootCamp #trading #stocks #options https://t.co/MSxu7Ajzji https://twitter.com/Benzinga/status/1471148045056286727
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MRVL was an easy 10x for me, confident thesis, overlooked while the broader semi camp was having an orgy over the handful of big names while overlooking the smaller high growth companies. AMD and NVDA didn't invent themselves overnight.
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`Finance` **@elerianm:** "Camp Transitory" is reinvigorated by Friday's sharp fall in #oilThat's ok providedThere's no offsetting supply chain disruptionProducer/wage earners' behaviors don't change more (remember, transitory is about behavior not arbitrary time periods)No straw man of 70s #inflation https://twitter.com/elerianm/status/1465274815644844034
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Possibly slave labor camp assembling cheap crap for export
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27 ottobre 1978. Nobel per la Pace a Begin e Sadat. Il presidente egiziano Anwar al-Sadat e il primo ministro di Israele Menachem Begin vengono insigniti del premio Nobel per la pace. L’accademia li premia per il loro contributo agli accordi di pace in Medio Oriente e tra Egitto ed Israele, siglati a Camp David il 17 settembre 1978 di fronte al presidente americano Jimmy Carter. L’accordo è articolato in due punti: nel primo si fissa un termine di 5 anni per dare piena autonomia ai territori occupati da Israele. Nel secondo si stabiliscono i tempi per la restituzione del Sinai all’Egitto e la riapertura delle relazioni diplomatiche fra i due paesi.
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**PivotBoss Pre-Market Video [October 18, 2021]: 5-Day Premium Boot Camp Begins Today** OCTOBER 18, 2021 — MONDAY AM The ES and NQ are pulling back modestly after a strong finish last week. Look for further short term weakness, but also look for bulls to defend/trap at yLO. A shakeout day early this week could provide a big move ahead. Crude Oil remains bullish, and any weakness should be bought, with upside targets at 83.77 and 86.03. Gold continues to remain weak overall, and is barely hanging on to 1760 support.
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BlackRock chairman ‘more in the Jamie Dimon camp’ on Bitcoin, praises crypto https://cointelegraph.com/news/blackrock-chairman-more-in-the-jamie-dimon-camp-on-bitcoin-praises-crypto
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BlackRock Chairman 'more in the Jamie Dimon camp' on Bitcoin, praises crypto https://cointelegraph.com/news/blackrock-chairman-more-in-the-jamie-dimon-camp-on-bitcoin-praises-crypto
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yeah I'm in that camp as well
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im still on the camp we see 4650/4700 next
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@DarkPoolAlgo #Dark Pool Charts
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
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im still on the 4650/4700 by mid Nov camp
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Well maybe the Taliban should have enjoyed a holiday at camp david. I dont know.
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@karewingwong gbp doesn't fall into either camp so needs to be viewed on its own merits. At times it can be rising or falling with the safe havens or risk currencies telling us the pairs are probably in congestion. But when there is strong divergence gbp pairs can deliver some great trades. David & I have mentioned in the past is that post Brexit - if UK economy takes off then gbp may become a stronger reserve currency so could become a safe haven not least because so far (from memory) UK has never defaulted on its debt. BOE & Sunak have also floated a digital version so who knows.
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Would it be any different after a Trump powwow at Camp David?
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@marketjay #Market Assassin Corp
***BOOT CAMP UPDATE*** All Monday Bootcamp sessions will begin at 10:30a.m.
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@marketjay #Market Assassin Corp
@everyone will be doing a three week boot camp on here as a fast track. Masterclass is almost completed and should be out on 08/29/21, until then we will target the market together emphasizing different strategies and focus area's that will help with trading and analyzing
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my kid is at day camp and is gone for a whole day it is glorious
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Camp was great
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@dmiles #P I V O T B O S S
@Haps55uk I'm right there with you. Just joined today. Read the book a few times, went through the boot camp, changed my trading immensely.
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thats ageist and probably sexiest, i need to be arrested and sent to WOKE camp
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im more in the 300 by may camp
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I know several people in that camp
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refugee camp remix bro
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@Muhammad1 Premium includes a ton of benefits, including access to our trading room, which provides trade ideas and recommendations, and also access to our OnDemand Training, which includes our 10-Part Executive Training Series, our 5-Part Signature Setup Series, and our 5-Day Boot Camp. We also include proprietary indicators and tools for several platforms, like Thinkorswim, TradingView, and more.
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Americans love to camp it's in our dna > @Pyrognosis said: Why are there so many tent cities?
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I'm in a firm camp of just chilling
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You can also watch our 5-Day Boot Camp for new members, which can be found in the Widgets menu on the right sidebar
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still the wait camp
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@skdas #P I V O T B O S S
@PivotBoss I have signed up today. But unable to access the Boot Camp https://pivotboss.com/bootcamp2020/ Password doesn't work. Will you need you setup my access? Please help. Thanks
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@skdas #P I V O T B O S S
Hi PivotBoss Community Admin and all Members. I wanted to access Pivot Boss Boot Camp done on 7-11 Dec, 2020. How can I access. I tried and unable to login. Please Help.
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