$SIX
Six Flags Entertainment Corp
PRICE
$28.16 β²0.356%
Extented Hours
VOLUME
2,696,052
DAY RANGE
27.29 - 29.26
52 WEEK
26.84 - 47.61
Join Discuss about SIX with like-minded investors
@soheil.n #StockTraders.NET
some interesting facts: https://lplresearch.com/2022/05/18/six-things-to-know-about-bear-markets/
20 Replies 8 π 7 π₯
@NoobBot #Crypto4Noobs
Brazilian Stock Exchange B3 to Launch Bitcoin Futures Within Six Months https://www.coindesk.com/business/2022/05/16/brazilian-stock-exchange-b3-to-launch-bitcoin-futures-within-six-months/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
81 Replies 11 π 9 π₯
@NoobBot #Crypto4Noobs
**@WSJmarkets:** U.S. stocks were down, suggesting major indexes could struggle after a selloff that has pushed the S&P 500 down for six consecutive weeks https://t.co/kDhOH56OhF https://twitter.com/WSJmarkets/status/1526195978633728000
114 Replies 8 π 10 π₯
@trademaster #TradeHouses
By Wayne Cole SYDNEY (Reuters) - Asian share markets stumbled on Monday and oil prices slid after shockingly weak data from China underlined the deep damage lockdowns are doing to the world's second-largest economy. China's April retail sales plunged 11.1% on the year, almost twice the fall forecast, while industrial output dropped 2.9% when analysts had looked for a slight increase. "The data paint a picture of a stalling economy and one in need of more aggressive stimulus and a rapid easing of COVID restrictions, neither of which are likely to be forthcoming anytime soon," said Mitul Kotecha, head of emerging markets strategy at TD Securities. "China's weaker growth trajectory will add to pressure on its markets and fuel a further worsening in global economic prospects, weighing on risk assets. We expect further CNY depreciation." In Europe, EUROSTOXX 50 and FTSE futures both eased 0.3%. S&P 500 stock futures lost early gains to drop 0.6%, while Nasdaq futures fell 0.5%. Both are far from last year's highs, with the S&P having fallen for six straight weeks. China's central bank had also disappointed those hoping for a rate easing, though on Sunday Beijing did allow a further cut in mortgage loan interest rates for some home buyers. Monday's data overshadowed news that Shanghai aimed to reopen broadly and allow normal life to resume from June 1. Chinese blue chips shed 0.8% in reaction, while commodity currencies took a knock led by the Australian dollar which is often used as a liquid proxy for the yuan. MSCI's broadest index of Asia-Pacific shares outside Japan lost early gains to stand flat, following a slide of 2.7% last week, when it hit a two-year low. Japan's Nikkei clung to gains of 0.5%, having lost 2.1% last week even as a weak yen offered some support to exporters. Sky-high inflation and rising interest rates drove U.S. consumer confidence sink to an 11-year low in early May and raised the stakes for April retail sales due on Tuesday. DOWNGRADING GROWTH A hyper-hawkish Federal Reserve has driven a sharp tightening in financial conditions, which led Goldman Sachs (NYSE:GS) to cut its 2022 GDP growth forecast to 2.4%, from 2.6%. Growth in 2023 is now seen at 1.6% on an annual basis, down from 2.2%. "Our financial conditions index has tightened by over 100 basis points, which should create a drag on GDP growth of about 1pp," said Goldman Sachs economist Jan Hatzius. "We expect that the recent tightening in financial conditions will persist, in part because we think the Fed will deliver on what is priced." Futures imply 50 basis-point hikes in both June and July and rates between 2.5-3.0% by year end, from the current 0.75-1.0%. Fears that the tightening will lead to recession spurred a rally in bonds last week, which saw 10-year yields drop 21 basis points from peaks of 3.20%. Early Monday, yields were easing again to reach 2.91%. The pullback saw the dollar come off a two-decade top, though not by much. The dollar index was last at 104.560, and within spitting distance of the 105.010 peak. The euro stood at $1.0403, having got as low as $1.0348 last week. The dollar did lose ground on the yen, which seemed to get a safe-haven bid in the wake of the China data, slipping to 129.02 yen. In cryptocurrencies, Bitcoin was last up 2% at $30,354, having touched its lowest since December 2020 last week following the collapse of TerraUSD, a so-called stablecoin. In commodity markets, gold was pressured by high yields and a strong dollar and was last at $1,809 an ounce having shed 3.8% last week. Oil prices reversed course as the dire Chinese data rekindled worries about demand. Brent lost $2.31 to $109.24, while U.S. crude shed $2.14 to $108.35.
62 Replies 6 π 12 π₯
@Malc104walk204 #vpatraders
lol I did it!!!! The perfect start. I have just finished my first run through the course which has taken me six months. So this week I flapped my fledgling wings and took a leap out of the nest into the semi real world of a demo account. I am proud to say I have a perfect record. Four trades and four losses. Yipppeeeee! @coulldc Hi David, I'm afraid that when I said the other day that I wouldn't bend anything I wasn't being strictly accurate cos I sure bent my beak when I crash landed. The good news is that I managed to identify some lessons so tomorrow is another day. Onwards and upwards (I hope) π
82 Replies 12 π 14 π₯
@trademaster #TradeHouses
By Marc Jones LONDON (Reuters) - Shares sank to a 1-1/2 year low on Thursday and the dollar hit its highest in two decades, as fears mounted that fast-rising inflation will drive interest rates higher and bring the global economy to a standstill. Those nerves and a German warning that Russia was now using energy supplies as a "weapon" yanked Europe's top markets down 2% (EU) and left MSCI's index of world shares nearly 20% lower for the year. The global growth-sensitive Australian and New Zealand dollars fell about 0.8% to almost two-year lows. The Chinese yuan slid to a 19-month trough while Europe's worries shoved the euro to its lowest since early 2017.. Nearly all the main volatility gauges were signalling danger. Bitcoin was caught in the fire-sale of risky crypto assets as it fell another 8% to $26,570, having been near $40,000 just a week ago and almost $70,000 last November. "We have had big moves," UBS's UK Chief Investment Officer Caroline Simmons, said referring as well to bond markets and economic expectations. "And when the market falls it does tend to fall quite fast." Tensions were stoked again as Finland confirmed it would apply to join NATO "without delay" in the wake of Russia's invasion of Ukraine, a war that has already had a major economic effect by driving up global energy and food prices. Data on Wednesday had showed U.S. inflation running persistently hot. Headline consumer prices rose 8.3% in April year-on-year, fractionally slower than the 8.5% pace of March, but still above economists' forecasts for 8.1%. U.S. markets had whipsawed after the news, closing sharply lower as Fed rate hike worries took hold again. Futures prices were pointing to another round of 0.2%-0.7% falls for the S&P 500, Nasdaq and Dow Jones Industrial later. [.N] The near 20% drop in MSCI's world stocks index since January is its worst start to a year in recent memory. "We're now very much embedded with at least two further (U.S.) hikes of 50 basis points on the agenda," said Damian Rooney, director of institutional sales at Argonaut in Perth. "I think we probably were delusional six months ago with the rise of U.S. equities on hopes and prayers and the madness of the meme stocks," he added. SELL IN MAY The main pan-Asia Pacific indexes closed down 2.5% at a 22-month low overnight. Japan's Nikkei fell 1.8%, while Indonesian shares and Hong Kong property stocks both slumped more than 3%, as did South Africa's bourse later. (T) The guaranteed returns of bond markets meant U.S. Treasuries were bid, especially at the long end, flattening the yield curve as investors braced for near-term hikes to hurt long-run growth - an outcome that would most likely slow or even reverse rate hikes. The benchmark 10-year Treasury yield, which moves inversely to prices, dropped to 2.82% on Thursday from over 3% at the start of the week, while Germany's 10-year yield, the benchmark for Europe, fell as much as 15 bps to 0.85%, its lowest in nearly two weeks. "I think a lot of it is catch up from what happened yesterday, and also there's still a lot of negative sentiment in the U.S. Treasury curve," said Lyn Graham-Taylor, senior rates strategist at Rabobank. The prospect of the fastest hike in Fed rates in decades is driving up the U.S. dollar and taking the heaviest toll on riskier assets that shot up through two years of pandemic-era stimulus and low-rate lending. The Nasdaq is down nearly 8% in May so far and more than 25% this year. Hong Kong's Hang Seng Tech index slid 1.5% on Thursday and is off more than 30% this year. Cryptocurrency markets are also melting down, with the collapse of the so-called stablecoin TerraUSD highlighting the turmoil as well as the selling in bitcoin and next-biggest-crypto, ether. A weakening growth picture outside the United States is battering investor confidence, too, as war in Ukraine threatens an energy crisis in Europe and lengthening COVID-19 lockdowns in China throw another spanner into supply chain chaos. Nomura estimated this week that 41 Chinese cities are in full or partial lockdowns, making up 30% of the country's GDP. Heavyweight property developer Sunac said it missed a bond interest payment and will miss more as China's real estate sector remains in the grip of a credit crunch. The yuan fell to a 19-month low of 6.7631 and has dropped almost 6% in under a month. [CNY/] The Australian dollar fell 0.8% to a near two-year low of $0.6879. The kiwi slid by even more to $0.6240. The euro drooped below $1.04 and the yen to 128.5 which kept the dollar index at a two-decade peak. Sterling was at a two-year low of just under $1.22 as well as economic data there caused worries and concerns grew that Britain's Brexit deal with the EU was in danger of unravelling again due to the same old problem of Northern Ireland's border. In commodity trade, oil wound back a bit of Wednesday's surge on growth worries. Brent crude futures fell 2.3% to $104.93 a barrel, while highly growth-sensitive metals copper and tin slumped over 3.5% and 9% respectively. That marked copper's lowest level since October. [MET/L]
104 Replies 12 π 15 π₯
@trademaster #TradeHouses
By Tom Westbrook SINGAPORE (Reuters) - Asian stocks fell to an almost two-year low and the dollar rose to multi-year highs on Thursday as data showed U.S. inflation persistently hot, deepening investor worries about the economic toll of aggressive interest rate hikes to tame it. U.S. markets whipsawed after the news, then closed sharply lower. S&P 500 futures gave up early gains to fall 0.2% in the Asia session. European futures also fell, with EuroSTOXX 50 futures down 2% and FTSE futures down 1.6%. Bitcoin, leading a fire-sale of risky assets as rate hikes gather steam, fell 7% to $26,970. It was near $40,000 a week ago and is 60% beneath its peak six months ago. The growth-sensitive Australian and New Zealand dollars fell about 0.8% to almost two-year lows. The Chinese yuan slid to a 19-month trough. Headline U.S. consumer prices rose 8.3% for the 12 months to April, slower than the 8.5% pace of a month earlier, but higher than market forecasts for 8.1%. Traders said it underscored concern that rates will rise quickly in response. "We're now very much embedded with at least two further (U.S.) hikes of 50 basis points on the agenda. For equity markets that really is the end of free money," said Damian Rooney, director of institutional sales at Argonaut in Perth. "I think we probably were delusional six months ago with the rise of U.S. equities on hopes and prayers and the madness of the meme stocks, and suddenly were going a little bit back to what is reality," he said. MSCI's broadest index of Asia-Pacific shares outside Japan fell 2% to a 22-month low. Japan's Nikkei fell 1.7%. Treasuries were steady in Asia, but selling at the short end and a rally at the longer end has flattened the yield curve as investors brace for near-term hikes to hurt long-run growth. The benchmark 10-year Treasury yield fell six basis points (bps) overnight and dropped a further 2.6 bps in Tokyo trade to 2.8967%. The gap between two-year and 10-year yields narrowed 3.5 bps. "There should be a tipping point in how far the Fed can be pressed before odds clearly point towards a hard landing," said NatWest Markets' U.S. rates strategist Jan Nevruzi. SELL IN MAY The rates outlook is driving up the U.S. dollar and taking the heaviest toll on riskier assets that shot up through two years of stimulus and low-rate lending. The Nasdaq is down nearly 8% in May so far and more than 25% this year. Hong Kong's Hang Seng Tech index slid 1.5% on Thursday and is off more than 30% this year. Cryptocurrency markets are also melting down, with the collapse of the so-called stablecoin TerraUSD highlighting the turmoil as well as the selling in bitcoin and next-biggest-crypto, ether. A weakening growth picture outside the United States is battering investor confidence, too, as war in Ukraine threatens an energy crisis in Europe and lengthening COVID-19 lockdowns in China throw another spanner into supply chain chaos. Nomura estimated this week that 41 Chinese cities are in full or partial lockdowns, making up 30% of the country's GDP. Property developer Sunac China said it missed a bond interest payment and will miss more as China's real estate sector remains in the grip of a credit crunch. The yuan fell to a 19-month low of 6.7631 and has dropped almost 6% in under a month. The Australian dollar fell 0.8% to a near two-year low of $0.6879. The kiwi slid by a similar margin to $0.6240, though the euro and yen held steady to keep the dollar index just shy of a two-decade peak. Sterling was at a two-year low of $1.2204. In commodity trade, oil wound back a bit of Wednesday's surge as growth worries dampened fear of gas supply disruptions in Europe. Brent crude futures fell 1.3% to $106.90 a barrel. British activity and growth data is due later in the day.
51 Replies 11 π 11 π₯
@trademaster #TradeHouses
By Danilo Masoni MILAN (Reuters) - World shares turned lower on Wednesday and bond yields shot up after U.S. data showed inflation there slowed down less than expected last month, cementing expectations of aggressive rate hikes by the Federal Reserve. U.S. futures turned negative after data showed U.S. annual consumer price growth slowed to 8.3% in April from 8.5% in March, suggesting that inflation has probably peaked. The number, however, was above the 8.1% analyst had expected. Paolo Zanghieri, senior economist at Generali (BIT:GASI) Investments, said the data confirmed the view that the return of inflation to more tolerable values will take time. "Overall today's data add to the case of the strong front-loading called for by (|Fed Chair Jerome) Powell in the last meeting, who also suggested the possibility of two more 50bps rise in June and July," Zanghieri said. "However, this will keep concern on the possibility of a recession high, and ultimately weakening growth may lead the Fed to temper it tightening after the summer." MSCI's benchmark for global stocks was flat by 1247 GMT, having earlier risen as much as 0.3%. On Tuesday, the index fell to its lowest level since November 2020 on fears Fed tightening could significantly slow down the global economy. U.S. equity futures turned sharply negative, with the Nasdaq and S&P 500 e-minis down 1% and 0.6% respectively. The pan-European STOXX 600 equity benchmark index also trimmed gains, and was last up 0.2%. Money markets ramped up bets of Fed rate hikes by end-2022 to 208 basis points after the U.S. inflation numbers, compared to around 195 bps before. Earlier in Asia, equities squeezed higher from near two-year lows. Chinese blue chips rose 1.4% after Shanghai officials said half the city had achieved "zero COVID" status, and after U.S. President Joe Biden said he was considering eliminating Trump era tariffs on China. Chinese data released on Wednesday, however, showed consumer prices rose 2.1% from a year earlier, more than expected and at the fastest pace in five months, partly due to food prices. YIELDS SHOOT UP After falling to their lowest levels in almost a week earlier on Wednesday, benchmark 10-year Treasury yields turned positive after the inflation data, marching back towards the three-year high of 3.203% hit on Monday. The 10-year yield was last up 6 basis points on the day to 3.0502%, while the 2-year yield, which often reflects the Fed rate outlook, jumped 11 bps to 2.717%. Euro area government bond yields also sold off following the U.S. data, sending German 10-year yields up 8 bps to 1.084%. Bets over aggressive Fed tightening have also supported the dollar this year. The dollar index, which measures its performance against six main peers, reversed earlier weakness and was last up 0.1% to 104.04, closer to the two-decade high of 104.19 reached at the start of the week. The Fed last week raised interest rates by 50 basis points and Chair Jerome Powell said two more such hikes were likely at the upcoming policy meetings. There has also been speculation in markets the U.S. central bank will need to move by 75 basis points at one meeting and currently money markets are pricing over 190 basis points of combined rate hikes by year. "The current problem is that the market is convinced that the Fed is determined to fight inflation and therefore willing to tolerate market volatility and some demand destruction more than in the past. Personally, I'm less convinced of this determination," said Giuseppe Sersale, fund manager at Anthilia. Morgan Stanley (NYSE:MS) forecasts 2022 global economic growth to be less than half of last year's at 2.9%, down from a previous estimate of 3.2%. The U.S. bank also cut its year-end target for the S&P 500 by 11% to 3,900 points, while raising its U.S. 10-year yield forecast by 55 bps to 3.15%. Oil bounced back, buoyed by supply concerns as the European Union works on gaining support for a ban on Russian oil. [O/R] Brent rose 2.6% to $105.12 a barrel and U.S. crude rose 3% to $102.77. Spot gold dipped 0.1% to $1,836.2 an ounce.
89 Replies 10 π 6 π₯
@trademaster #TradeHouses
By Alun John HONG KONG (Reuters) - Asian shares squeezed higher on Wednesday from close to two-year lows hit in the previous session while the dollar held steady, ahead of keenly awaited U.S. inflation data that will offer a guide to how aggressively the Federal Reserve will raise rates. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8%, having fallen to its lowest since July 2020 the day before. Japan's Nikkei gained 0.3%. European markets also were set to open higher, with EUROSTOXX 50 futures up 0.7%. Nasdaq futures added 0.8% and S&P 500 futures gained 0.4%. Chinese blue chips led Asia's gains, rising 2% helped by Shanghai officials saying half the city had achieved "zero COVID" status, and U.S. President Joe Biden saying he was considering eliminating Trump era tariffs on China as a way to lower prices for goods in the United States. But, "the main factor for markets right now is inflation, inflation, inflation," said Carlos Casanova, senior Asia economist at UBP. "Indian inflation was higher this week, Chinese inflation was higher than expected today, and everyone is concerned about U.S. inflation and the possibility of recession in the U.S., which rises with every rate hike," he said. Chinese data released earlier on Wednesday showed consumer prices gained 2.1% from a year earlier, above expectations and the fastest pace in five months, partly due to food prices. Factory-gate inflation, while also above expectations, eased to a one-year low. U.S. consumer price data, due at 1230 GMT, could give an indication of whether the Fed will raise rates even more aggressively to combat inflation. The Fed last week raised its target for overnight bank-to-bank lending by a half a percentage point, and Chair Jerome Powell said two more such hikes are likely at the U.S. central bank's coming policy meetings. There has also been speculation in markets the Fed will need to go in for a massive 75 basis point hike at one meeting. Aggressive tightening has sent U.S. Treasury yields higher, and supported the dollar. The dollar index, which measures the greenback against six main peers, was steady at 103.79, not far from the high of 104.49 reached at the start of the week is highest since December 2002. "The dollar's reaction to the CPI will be asymmetrical in our view," said CBA analysts in a note. "A positive surprise will encourage markets to increase pricing for a 75pt increase in the Funds rate later in the year and support the dollar, while a negative surprise will keep pricing for 50bp increases in June and July intact and leave the dollar steady." Analysts expect the U.S. consumer price index to show a sharp pullback in monthly growth, cooling to 0.2% in April from 1.2% in March. They also predict an annual increase of 8.1%, 0.4 percentage point lower than the prior 8.5%, which was the hottest reading since December 1981. U.S. Treasuries were also quiet ahead of the data. The benchmark 10-year note yield was little changed at 2.9774%, having fallen from a three-year high hit Monday. On the front end of the curve, the U.S. two-year yield, which often reflects the Fed rate outlook, was steady at 2.6228% Bitcoin was trading around $31,700, having staged a small recovery after falling below $30,000 on Tuesday for the first time since July 2021. Oil bounced back from declines the previous day as markets try to balance concerns that China's zero COVID policy will impact demand and that a proposed European Union ban on Russian oil will hit supply. U.S. crude rose 2.36% to $102.08 a barrel, having fallen below $100 on Tuesday for the first time this month. Brent rose 2.34% to $104.85. Spot gold as steady at to $1838.7 an ounce.
144 Replies 13 π 12 π₯
@trademaster #TradeHouses
By Rowena Edwards LONDON (Reuters) -Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply. Brent futures rose 85 cents, or 0.77%, to $111.75 per barrel by 1346 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 72 cents, or 0.67%, to $108.98 a barrel. Both contracts were up over $2/bbl earlier in the session, and are on track to rise for a second consecutive week, buoyed by the EU's proposal to phase out supplies of Russian crude oil in six months and refined products by the end of 2022. It would also ban all shipping and insurance services for transporting Russian oil. The EU is tweaking its sanctions plan in a bid to win over reluctant states, three EU sources told Reuters on Friday. "The looming EU embargo on Russian oil has the makings of an acute supply squeeze. In any case, OPEC+ is in no mood to help out, even as rallying energy prices spur harmful levels of inflation," PVM analyst Stephen Brennock said. Ignoring calls from Western nations to hike output more, the Organization of the Petroleum Exporting Countries, Russia and allied producers, a group known as OPEC+, stuck with its plan to raise its June output target by 432,000 barrels per day. nL2N2WX0IO] However, analysts expect the group's actual production rise to be much smaller as a result of capacity constraints. "There is zero chance of certain members filling that quota as production challenges impact Nigeria and other African members," said Jeffrey Halley, senior market analyst Asia Pacific at OANDA. A U.S. Senate panel has advanced a bill that could expose OPEC+ to lawsuits for collusion on boosting oil prices. Investors are also eyeing higher demand from the United States this fall as Washington unveiled plans to buy 60 million barrels of crude for its emergency stockpiles. Demand concerns on signs of a weakening global economy capped the price rise. The Bank of England on Thursday warned that Britain risks a double-whammy of a recession and inflation above 10% as it raised interest rates to their highest since 2009, hiking by a quarter of a percentage point to 1%. And strict COVID-19 curbs in China are creating headwinds in the second quarter for the world's second-largest economy.
48 Replies 14 π 13 π₯
Key Metrics
Market Cap
2.43 B
Beta
1.18
Avg. Volume
2.44 M
Shares Outstanding
86.44 M
Yield
0%
Public Float
0
Next Earnings Date
2022-07-27
Next Dividend Date
Company Information
Six Flags Entertainment Corporation is the world's largest regional theme park company and the largest operator of waterparks in North America, with 26 parks across the United States, Mexico and Canada. For 59 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling waterparks and unique attractions.
CEO: James Reid-Anderson
Website: www.sixflags.com
HQ: 1000 Ballpark Way Suite 400 Arlington, 76011 Texas
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