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The dollar traded near a one-month low on Friday and was set for its worst weekly performance since May as dovish remarks by the U.S. Federal Reserve together with underwhelming economic data took the steam out of a month-long rally. The dollar index, which measures its performance against a basket of six other currencies, was last at 91.845, after hitting 91.775, a level not seen since June 29. For the week, the index is off 1.1%, its worst weekly showing since early May. For the month, the index is down 0.5% so far, following a 2.8% rally in June. " onerror="this.style.display='none'" class="msg-img" /> The dollar's downtrend began after Fed Chairman Jerome Powell wrong-footed bulls following a policy meeting this week by saying that rate increases were "a ways away" and the job market still had "some ground to cover". "The Fed is focused on jobs and isn't concerned about inflation," said Joel Kruger, currency analyst at LMAX. "The market isn’t pricing a taper now until the end of the year, if at all, and China has calmed investor nerves around regulatory crackdowns," he said. "These are the primary drivers of markets into Friday and the net result has been one of broad-based U.S. dollar declines and fresh record highs in U.S. equities." The dollar found little support overnight from U.S. gross domestic product numbers. While the U.S. economy expanded at a 6.5% annualised rate in the second quarter, boosted by massive government aid, growth fell short of economists' expectations for an 8.5% acceleration. The dollar held near a two-week low against the safe haven Japanese yen at 109.52, while the euro climbed to a one-month high against the U.S. currency and last traded at $1.19. The euro zone economy grew faster than expected in the second quarter, pulling out of a recession caused by the COVID-19 pandemic, while inflation shot past the European Central Bank's 2% target in July. "In general, the eurozone’s rebound from its technical recession should not be a game changer for the ECB (European Central Bank) expectations or for the euro," ING strategists said in a note. "The short-term fate of euro/dollar still looks mostly tied to the U.S. dollar and global dynamics," they said, adding that fresh signs of turbulence from Asia suggested it might be too early for the euro to return above $1.19. Elsewhere, the Chinese yuan has recovered most of its Tuesday plunge to trade at 6.4566 per dollar. [CNY/] Sentiment was helped by China's attempt to calm frayed investor nerves by telling foreign brokerages not to "overinterpret" its latest regulatory actions. Both the Australian and New Zealand dollars, reliant on world and Chinese economic growth, hovered near two-week highs. The British pound was close to its highest in over a month helped by the U.S. dollar's weaker tone and a fall in coronavirus cases in Britain. Investors will keep a close eye on several U.S. indicators due later in the day including second-quarter employment cost index, personal income and spending for June and the University of Michigan consumer sentiment index for July.
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PINTEREST INC SHARES DOWN 19.8% PREMARKET AFTER U.S. USER GROWTH SLOWS, AT LEAST SIX BROKERAGES CUT PT
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UK Markets Closed mixed yesterday, as gains in mining sector stocks were offset by losses in banking and energy sector stocks. Antofagasta advanced 4.1%, after a top broker upgraded its rating on the stock to ‘Hold’ from ‘Sell’. Ryanair Holdings added 4.0%, after the airline operator raised its annual traffic forecast, citing an increase in bookings in recent weeks. Beazley edged up 2.7%, after a broker upgraded its rating on the stock to ‘Buy’ from ‘Hold’. Cranswick rose 2.5%, after the food producer reported higher revenues in the first quarter. Carnival gained 1.9%, following reports that the cruise line operator began voyages from Seattle to Alaska. On the flipside, B&M European Value Retail dropped 2.4%, following a rating downgrade on the stock to ‘Sector Perform’ from ‘Outperform’. The FTSE100 marginally declined to close at 7,025.4, while the FTSE 250 rose 0.2%, to end at 22,933.2. . European Markets Closed mostly lower yesterday, following dismal German economic data and amid concerns over rising coronavirus cases. Prosus declined 8.8%, after Beijing intensified regulatory crackdown against internet giant, Tencent, in which Prosus owns a 28.9%stake. Faurecia dropped 5.7%. The company reported an increase in its sales in the first half of the year and upgraded its annual cash flow target for 2021. Koninklijke Philips fell4.2%, after the company reported a fall in its second quarter net profits and lowered its guidance. Onthe other hand, Credit Suisse Group rose 1.8%. The banking giant announced that it has reached an out of court settlement with its former wealth management executive over claims of spying. The FTSEurofirst 300 index slipped 0.1%, to settle at 1,777.0. The German DAX Xetra fell 0.3%, to settle at 15,619.0, while the French CAC-40 added0.1%, to close at 6,578.6. . US Markets Finished higher yesterday, ahead of the US Federal Reserve’s (Fed) monetary policy meeting. Hasbro surged 12.2%, after the company doubled its revenue in the second quarter. Six Flags Entertainment advanced 5.4%, after a broker upgraded its rating on the stock to ‘Outperform’ from ‘Neutral’. PerkinElmer added 4.7%, after the life sciences company agreed to acquire Bio-Legend for cash and stock consideration of $5.25 billion. Otis Worldwide edged up 0.6%, after the company reported better than expected second quarter revenue and earnings. On the other hand, Lockheed Martin dropped 3.3%, after the aerospace and defence contractor reported lower than expected earnings in the second quarter. Lowe’s fell 1.5%, after a top broker downgraded its rating on the stock to ‘Neutral’ from ‘Outperform’. The S&P 500 gained 0.2%, to settle at 4,422.3. The DJIA rose 0.2%, to settle at 35,144.3, while the NASDAQ marginally rose to close at 14,840.7. . Asian Markets Were trading mostly higher this morning, as investors await the outcome of Fed’s policy meeting. In Japan, JFE Holdings and Fujkura have advanced 3.0% and 4.7%, respectively. Meanwhile, M3 and Nitto Denko have dropped 0.8% and 2.4%, respectively. In Hong Kong, Anta Sports Products and Tencent Holdings have fallen 3.3% and 5.0%, respectively. Meanwhile, PetroChina and CITIC have risen 4.0% and 4.2%, respectively. In South Korea, Enex and Central Insight have climbed 11.3% and 18.3%, respectively. Meanwhile, UANGEL and Inbiogen have declined 5.9% and 6.5%, respectively. The Nikkei 225 index is trading 0.4% higher at 27,932.1. The Hang Seng index is trading 0.6% down at 26,028.9, while the Kospi index is trading 0.6% higher at 3,243.9. . Commodity Brent crude oil one month futures contract is trading 0.55% or $0.41 higher at $74.91 per barrel, ahead of the American Petroleum Institute’s weekly oil inventory data, scheduled to be released later today. Yesterday, the contract climbed 0.54% or $0.40, to settle at $74.50 per barrel, amid speculations that crude supply would be tight through the rest of the year. Gold futures contract is trading 0.16% or $2.90 higher at $1802.10 per ounce. Yesterday, the contract declined 0.14% or $2.60, to settle at $1799.20 per ounce, ahead of the US Fed monetary policy meeting. . Currency EUR is trading marginally higher against the USD at $1.1803. Investors await the US housing price index for May and the consumer confidence index for July, along with durable goods orders for June slated to release later today. Yesterday, the EUR strengthened 0.27% versus the USD, to close at $1.1803. On the data front, Germany’s current assessment index advanced less than expected in July, while the country’s business climate index unexpectedly fell in the same month. Additionally, the business expectations index dropped more than expected in July. In other economic news, the US new home sales unexpectedly fell to a 14-month low in June, while the nation’s Dallas Fed manufacturing business index dropped in July. GBP is trading marginally higher against the USD at $1.3824. Yesterday, the GBP strengthened 0.51% versus the USD, to close at $1.3818, following a drop in Covid-19 cases in Britain. . Bitcoin BTC is trading 2.69% lower against the USD at $36737.04. Yesterday, BTC advanced 16.16% against the USD to close at $37751.68. In a key development, blockchain based platform, Socios announced that it has joined forces with the National Basketball Association’s Cleveland Cavaliers to enhance fan engagement for fans of the Cavaliers across the world. In another development, South Korean legislators announced that it would revise tax codes to allow tax authorities to confiscate tax evaders’ crypto assets directly from their wallets. . Economic News German IFO business climate index unexpectedly dropped in July In Germany, the IFO business climate index fell to 100.80 in July, compared to a revised reading of 101.70 in the previous month. Markets were expecting the index to rise to a level of 102.10. . German IFO current assessment index climbed less than expected in July In Germany, the IFO current assessment index advanced to 100.40 in July, compared to a revised level of 99.70 in the prior month. Markets were expecting the index to advance to 101.60. . German IFO business expectations index fell more than expected in July In Germany, the IFO business expectations index dropped to 101.20 in July, compared to a revised level of 103.70 in the previous month. Markets were expecting the index to drop to 103.30. . US new home sales unexpectedly dropped in June In the US, new home sales fell 6.60% on a MoM basis in June, compared to a revised drop of 7.80% in the prior month. Markets were expecting new home sales to record an advance of 3.50%. . US Dallas Fed manufacturing business index fell in July In the US, the manufacturing business index declined to a level of 27.30 in July, compared to a reading of 31.10 in the previous month.
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Economists at Goldman Sachs now see 8.5% GDP growth in Q3, down from 9.5%. They also see Q4 at 5.0% from 6.0% previously. They see a slower service sector recovery. On Friday, the Markit services PMI was at a six-month low. That miss was more about supply chain bottlenecks than the pandemic.
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Monday, July 26, 2021 Futures Up/Down % Last Dow -112.00 0.32% 34,839 S&P 500 -10.25 0.23% 4,393 Nasdaq -20.50 0.14% 15,077 Stocks are pulling back after another record high for stocks on Friday as markets ready for the biggest week of quarterly earnings (about 1/3 of the S&P 500 report this week) including mega-cap giants including Apple, Amazon, Facebook, Microsoft, Alphabet, Tesla, and Boeing among them. Sentiment was hurt by China’s widening crackdown of the technology sector and a statement from Beijing that the U.S.-China relationship was “now in a stalemate and faces serious difficulties” as high-level talks began. The comment sunk Asian markets as The Nikkei Index rose 285 points to 27,833, but the Shanghai Index tumbled -82 points to 3,467 and the Hang Seng Index plunged -1,129 points (or 4.13%) to settle at 26,192. In Europe, the German DAX is down over -60 points to 15,600, while the FTSE 100 dips about -0.25% to hold just above the 7,000 level. The yield on the benchmark 10-year Treasury fell to 1.246% as investors awaited the Federal Reserve’s outlook. The FOMC 2-day meeting begins Tuesday and ends Wednesday with a policy statement/press conference from Fed Chairman Jerome Powell. Stock averages posted strong returns last week as the S&P 500 rose 1.96%, the Dow rose 1.08%, and the Nasdaq added 2.84% in a big comeback (and then some) as the major indices rode a rally back into record territory, posting four-straight up days after a big selloff to start the week. The S&P, Nasdaq and Dow closed at all-time highs to make it four winning weeks out of five with the Dow ending above 35,000. It took 69 trading days to go from 34k to 35k, which is the longest since 29k to 30k took 218 days. The 10-year Treasury yield also had a big comeback, but ended the week around 1.29%, just below where it was last Friday (it had dropped to as low on 1.12% on Tuesday). Bitcoin prices rose above its 50-day moving average on Saturday for the first time since May 12. It rose again Sunday, its sixth consecutive day of gains, to above $38K. Bitcoin traded above the technical level after comments from Ark Investment Management LLC’s Cathie Wood and Tesla Inc. Chief Executive Officer Elon Musk helped boost its momentum. Prices took off yesterday after London’s City A.M. newspaper said Amazon ($AMZN) is looking to accept bitcoin payments by year-end – the story is boosting shares of Bitcoin miners, banks etc.: $SI, $MARA, $RIOT, $MSTR, $COIN. Market Closing Prices Yesterday The S&P 500 Index gained 44.31 points, or 1.01%, to 4,411.79 The Dow Jones Industrial Average rose 238.20 points, or 0.68%, to 35,061.55 The Nasdaq Composite surged 152.39 points, or 1.04%, to 14,836.99 The Russell 2000 Index advanced 10.17 points, or 0.46% to 2,209.65 Events Calendar for Today 10:00 AM ET New Home Sales MoM for June 10:30 AM ET Dallas Fed Manufacturing for July Earnings Calendar: Earnings Before the Open: $ARLP, $BOH, $CBU, $HAS, $LII, $LMT, $OTIS, $PETS, $RPM Earnings After the Close: $ACC, $ADC, $AGNC, $AGRX, $AMKR, $AMP, $ARE, $ARI, AXTA, $BDN, $BRO, $CALX, $CATY, $CDNS, $CR, $FFIV, FRME, $FSTX, $HLX, $HMST, $HSII, $HTLF, $HXL, $IRT, $JJSF, KREF, MEDP, MEDS, $NBTB, $PKG, $RBB, $RRC, $SSD, $SUI, $TBI, $TNET, $TSLA, $UHS Other Key Events: Alzheimer’s Association International Conference (AAIC) 2021 (virtual), 7/26-7/30 Society of Cataract & Refractive Surgery, 7/23-7/27, in Las Vegas Macro Up/Down Last Nymex -0.56 71.51 Brent -0.48 73.62 Gold 6.30 1,808.45 EUR/USD 0.0023 1.1794 JPY/USD -0.28 110.27 10-Year Note -0.04 1.245% World News Germany July IFO climate8 vs 102.1 cons; Expectations 101.2 vs 103.3 consensus; Assessment 100.4 vs 101.5 consensus; German IFO: Supply problems are weighing on economy in both industry & retail; majority of firms complain of materials shortage and “massive” price increases; industry says it is short of production targets Sector News Breakdown Consumer Hasbro ($HAS) Q2 adj EPS $1.05 vs. est. $0.48; Q2 revs $1.32B vs. est. $ 1.17B Travel and leisure stocks rallied in the initial reopening stage of the pandemic, but the surge has fizzled with the spread of the delta variant. Barron’s identifies six stocks that can be bargains during the next leg of the reopening. Hilton ($HLT), Host Hotels & Resorts ($HST), MGM Growth Properties ($MGP), Royal Caribbean ($RCL), Travel + Leisure ($TNL), and Wyndham Hotels & Resorts ($WH) have some attributes to withstand uncertain stretches amid the rise in Covid variant, according to Barron’s China confirmed that the country is banning for-profit school tutoring companies after a report on the possible move sent shares of tutoring firms TAL Education ($TAL), New Oriental ($EDU) and Gaotu Techu ($GOTU) plunging on Friday. Companies that teach school subjects can no longer accept overseas investments, according to a Bloomberg report, which cited a notice from China’s State Council. Listed firms can no longer raise capital through stock markets Airbnb ($ABNB) CEO told Barron’s that the industry still has room to grow despite the delta variant. The pandemic has opened up a whole new business, such as monthly rentals, as people work from new places. He expects longer stays to be the bread and butter at some point TripAdvisor ($TRIP) is the cheapest online travel stock to buy according to Barron’s saying while it has struggled to make the most of its hundreds of millions of users, that could soon change as the company has started a new travel subscription service that offers discounted hotel rates and other benefits; shares now around $36, look inexpensive, having fallen from a March peak of $65 Amazon ($AMZN) is said to be looking to accept bitcoin payments by the end of the year and its exploring its own token for next year. Amazon has been working on the plan since 2019, according to a City A.M. report, which cites an unidentified insider General Motors ($GM) and its Cruise robo-taxi subsidiary have filed a lawsuit to stop Ford Motor ($F) from using the name “BlueCruise” to market its hands-free driving technology Energy, Industrials and Materials RBC Bearings ($ROLL) is in advanced talks to buy ABB Ltd.’s ($ABB) mechanical power transmission business, for between $2.5 billion and $3 billion Bloomberg reported this weekend Lithium Americas ($LAC) rises after a U.S. federal judge ruled that LAC may conduct excavation work at its Thacker Pass lithium mine site in Nevada, which could become one of the country’s biggest lithium mines producing 30,000 tonnes Otis Worldwide ($OTIS) Q2 adj EPS 79c vs. est. 71c; Q2 revs $3.7B vs. est. $3.45B; Q2 new equipment orders were up 23.9% and backlog was up 10%; raises FY21 adjusted EPS view to $2.89-$2.93 from $2.78-$2.84 (est. $2.87) and boosts FY21 revs view to $14.1B-$14.2B from $13.6B-$13.9B Canada’s Unifor union says ~900 workers have gone on strike at Rio Tinto’s ($RIO) Kitimat aluminum smelting plant and Kemano power generating facility in British Columbia over labor contracts with the company Seadrill ($SDRLF) said it entered into agreements with creditors to raise $350 million in new financing and reduce its liabilities by over $4.9 billion Financials Robinhood ($HOOD) IPO coming soon, and Barron’s cautious on shares; notes Robinhood is a truly transformational company, but its problem is the quality and sustainability of its revenue, notes is also highly dependent on cryptocurrency trading, another area under close review by the SEC KeyCorp ($KEY), M&T Bank ($MTB) among bank stocks with yields above 3%, according to Barron’s noting this year’s rally in bank stocks appears to have slowed to a sputter, but investors should stick around given banks’ reliable dividends Healthcare Bristol Myers ($BMY) decided to voluntarily withdraw the indication for Opdivo as a single agent for patients with hepatocellular carcinoma Incyte Corporation ($INCY) said the FDA issued a Complete Response Letter regarding its Biologics License Application (BLA) for retifanlimab, an intravenous PD-1 inhibitor, for the treatment of adult patients with locally advanced or metastatic squamous cell carcinoma of the anal canal (SCAC) who have progressed on, or who are intolerant of, platinum-based chemotherapy. Genetron Holdings ($GTH) announces that its Ayvakit (avapritinib) companion diagnostic (CDx) kit, developed in partnership with CStone Pharmaceuticals has entered the priority review and approval process in China. PerkinElmer, Inc. ($PKI) entered into an agreement to acquire BioLegend, a leading, global provider of life science antibodies and reagents, for approximately $5.25 billion in a combination of cash and stock, subject to certain adjustments Tonix Pharmaceuticals ($TNXP) said it will stop enrollment in the Phase 3 Rally study of TNX-102 SL 5.6 mg for the management of fibromyalgia, sending shares lower by over 30% Technology, Media & Telecom Tencent Music ($TME) shares fall -14% after Chinese regulators ordered the company to give up exclusive music streaming rights and pay half a million yuan in fines Check Point ($CHKP) Q2 EPS $1.61 vs., est. $1.56; Q2 revs $526.1M vs. est. $523.7M Consumer spending on videogames in the second quarter eked out a 2% gain against very tough pandemic comps, as data from NPD Group’s Q2 2021 Games Market Dynamics report show overall spending hit $14B for the April-June quarter, with gains across PC, cloud and non-console VR content, mobile and subscription spending as well as hardware.
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I scrambled six eggs this morning and had one piece of toast
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UK Markets Finished in the red yesterday, led by losses in energy and pharmaceutical sector stocks. Just Eat Takeaway declined 9.1%, even though the company’s orders increased by more than half in the first six months of 2021. Hays dropped 8.6%. The recruitment company projected its annual profits to exceed market forecasts, amid improving fees and cost management. On the other hand, Avast surged 18.1%, after the company confirmed that it is in advanced talks over a potential merger with Norton LifeLock. Experian advanced 2.5%, after the company upgraded its annual outlook, following a rise in its first quarter revenue. Kingfisher added 1.0%, as the company raised its profit guidance for the first half of the year. The FTSE 100 declined 1.1%, to close at 7,012.0, while the FTSE 250 fell 1.1%, to end at 22,501.3. . European Markets Also closed lower yesterday, amid concerns about rise in inflation and surging coronavirus Delta variant cases. Siemens Gamesa Renewable Energy plunged 14.4%, after the company announced that it expects to report an annual loss, following a sharp rise in raw material prices. Draegerwerk fell 4.2%, after the medical and safety technology provider reported a decline in its second quarter earnings, amid lower gross margin and higher functional expenses. STMicroelectronics shed 2.1%. Reports emerged that the company would open a new production line for producing electronic chips for Tesla in the Moroccan city of Bouskoura. Publicis Groupe slid 2.0%. The company announced that it has acquired CitrusAd, a software as a service platform optimizing brands marketing performances directly within retailer websites. The FTSEurofirst 300 index slipped 0.9%, to settle at 1,761.3. The German DAX Xetra fell 1.0%, to settle at 15,629.7, while the French CAC-40 shed 1.0%, to close at 6,493.4. . US Markets Followed the trend finishing lower yesterday, amid concerns over rising inflation and led by losses in technology sector stocks. Teleflex declined 9.8%, following news that the Centers for Medicare and Medicaid Services proposed a 20% cut in the federal reimbursement for UroLift. Norton LifeLock fell 3.9%, after the cybersecurity firm announced that it is in discussions to acquire Avast. Ross Stores shed 1.0%, after the company announced that its Chief Financial Officer, Travis Marquette, has resigned with immediate effect. On the other hand, American International Group advanced 3.6%, after the company announced that it has signed a deal with Blackstone to sell its affordable housing assets and an equity stake in its Life & Retirement insurance business to the asset management giant. US Bancorp added 3.2%, after the company reported stronger than expected revenue and earnings in the second quarter. The S&P 500 slipped 0.3%, to settle at 4,360.0. The DJIA rose 0.2%, to settle at 34,987.0, while the NASDAQ shed 0.7%, to close at 14,543.1. . Asian Markets Are continuing yesterdays trend are trading mostly lower this morning, amid concerns over economic growth. In Japan, Seiko Epson and Alps Alpine have dropped 2.0% and 3.2%, respectively. Meanwhile, Teijin and Kobe Steel have advanced 2.4% and 2.8%, respectively. In Hong Kong, PetroChina and Shenzhou International Group Holdings have fallen 1.2% and 3.5%, respectively. On the other hand, Link Real Estate Investment Trust and Xiaomi have risen 1.5% and 5.0%, respectively. In South Korea, CITECH and Doosan Infracore have declined 5.5% and 8.8%, respectively. Meanwhile, Asiana Airlines and Automobile & PCB have climbed 7.6% and 11.0%, respectively. The Nikkei 225 index is trading 1.1% lower at 27,974.7. The Hang Seng index is trading 0.3% down at 27,917.2, while the Kospi index is trading 0.7% lower at 3,263.9. . Commodity Brent crude oil one month futures contract is trading marginally higher at $73.49 per barrel, ahead of the weekly US oil rig count data by Baker Hughes, scheduled to be released later today. Yesterday, the contract declined 1.73% or $1.29, to settle at $73.47 per barrel, amid demand concerns. Gold futures contract is trading marginally higher at $1829.00 per ounce. Yesterday, the contract climbed 0.22% or $4.00, to settle at $1829.00 per ounce, following US Federal Reserve Chairman, Jerome Powell’s dovish comments and worries over slowdown in global economy. . Currency EUR is trading slightly lower against the USD at $1.1809, ahead of Euro-zone’s inflation data for June and trade balance data for May, scheduled to release later today. Additionally, investors await the US retail sales for June and the consumer sentiment index data for July, slated to release later today. Yesterday, the EUR weakened 0.21% versus the USD, to close at $1.1812. In other economic news, the US industrial production advanced less than expected in June, while the nation’s Philadelphia Fed manufacturing index declined in July. On the other hand, the US initial jobless claims fell to a 16-month low in the week ended 09 July 2021. GBP is trading marginally higher against the USD at $1.3830. Yesterday, the GBP weakened 0.22% versus the USD, to close at $1.3829. On the data front, UK’s unemployment rate unexpectedly rose in May, while the nation’s average earnings including bonus advanced more than market forecast in May. . Bitcoin BTC is trading 0.74% higher against the USD at $31994.34. Yesterday, BTC declined 3.22% against the USD to close at $31758.37. In a key development, British banking app, Revoult has secured $800.0 million in a new funding round led by SoftBank and US hedge fund Tiger Global. In another development, 1inch Foundation, the non-profit organisation of the 1inch decentralised exchange aggregator has set aside $3.0 million to fund new protocol upgrades as part of a grants program to target developers. . Economic News . UK three month moving average unemployment rate unexpectedly advanced in May In the UK, the unemployment rate unexpectedly climbed to 4.80% in the three months ended May, compared to 4.70% in the previous month. Markets were expecting the unemployment rate to record a steady rate of 4.70%. . UK average earnings including bonus climbed more than expected in May In the UK, average earnings including bonus rose 7.30% on a YoY basis in May, compared to revised rise of 5.70% in the prior month. Markets were expecting average earnings to record an advance of 7.20%. . US industrial production advanced less than expected in June In the US, industrial production rose 0.40% on a MoM basis in June, compared to revised rise of 0.70% in the prior month. Markets were expecting industrial production to record a rise of 0.70%. . US initial jobless claims dropped in the week ended 09 July 2021 In the US, seasonally adjusted initial jobless claims fell to a level of 360.00 K in the week ended 09 July 2021, in line with market expectations and compared to a revised level of 386.00 K in the previous week. . US Philadelphia Fed manufacturing index fell more than anticipated in July In the US, the Philadelphia Fed manufacturing index dropped to a reading of 21.90 in July, compared to a level of 30.70 in the prior month. Markets were expecting for the index to drop to a level of 28.00.
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The last 5 weeks was hard to me in the personal. Between my health and moving from an apartment to other only trade one the other days some scalping in the same range of stocks..example $SNOW, $SQ, $ROKU, $ZM for name some of there....In all days i evaluated the first six month trading spread....i have my personal opinion about it....In this revaluate i was working again, that mentioned weeks ago, about undervalued stocks with low float mixed with high short flloat....This kind of stocks dont show all days but when show their mouth the profit coming well. Was the case on my alert in $RMED and $CARV to mentioned a couple. I still here with my same idea to help to get some stocks to watch....
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Friday, July 2, 2021 Futures Up/Down % Last Dow -5.00 0.01% 34,509 S&P 500 0.75 0.02% 4,311 Nasdaq 25.00 0.17% 14,573 Stocks are generally flat in pre-market trading as the S&P seeks to hit a new record intraday high and close every day this week. Yesterday’s high was 4,312 and it appears the index is on track to open right around that level. However, things can quickly change after the nonfarm payrolls jobs report at 8:30. Economists are estimating that around 700,000 new jobs were created in June, though the consensus view was too optimistic for each of the past 2 months. However, monthly private payrolls and weekly jobless claims were both better than expected this week. In other news, yesterday’s OPEC+ meeting was extended to today, and reports said that the UAE blocked an agreement to raise supply by 400k bpd from August-September at the last minute. If the group cannot come to an agreement, current production levels will remain stable, likely leading to higher prices in the face of higher demand. Oil prices are slightly lower than yesterday when it hit its highest price since October 2018. In Asian markets, The Nikkei Index is higher by 76 points, the Shanghai Index is down 70 points, and the Hang Seng Index is sliding 575 points. In Europe, the German DAX is up 58 points, while the FTSE 100 has inched higher 6 points. Market Closing Prices Yesterday The S&P 500 Index rose 22.31 points, or 0.52%, to 4,319 The Dow Jones Industrial Average gained 130.76 points, or 0.38%, to 34,633 The Nasdaq Composite advanced 18.42 points, or 0.13%, to 14,522 The Russell 2000 Index climbed 18.80 points, or 0.81% to 2,329 Events Calendar for Today 8:30 AM ET Nonfarm Payrolls for June 8:30 AM ET Private Payrolls for June 8:30 AM ET Manufacturing Payrolls for June 8:30 AM ET Unemployment Rate for June 8:30 AM ET Average Hourly Earnings for June 8:30 AM ET International Trade for May 10:00 AM ET Factory Orders MoM for May 1:00 PM EST Baker Hughes Weekly rig count data Macro Up/Down Last Nymex -0.13 75.10 Brent -0.15 75.69 Gold 10.85 1,787 EUR/USD -0.0015 1.1831 JPY/USD -0.06 111.44 10-Year Note -0.039 1.441% Sector News Breakdown Consumer Bespoke Capital Acquisition Corp ($VWE) new Buy at Citi Thor Industries ($THO) new Underperform, Winnebago (WGO) new Market Perform, Camping World (CWH) new Outperform with a $45 at Raymond James BMY ($BMWYY) brand unit sales rose 89.5% Y/Y to 96,561 units in Q2 and increased 15% vs. 2Q19; North America Q2 sales 105,901 (+89.5%); total brand sales for the 1H are +52.2% YoY, +8.9% vs 2019 Li Auto ($LI) delivered 7,713 Li ONE vehicles in June (+320.6% YoY) and total Q2 deliveries 17,575 (+166.1%) exceeded the top end of its guidance range Energy, Industrials & Materials Werner Enterprises ($WERN) buys 80% of ECM Transport Group for $142.4M Virgin Galactic ($SPCE) announced its next flight will be July 11 and founder Richard Branson will be on board. This is 11 days before Blue Origin’s scheduled 7/20 flight that will include Jeff Bezos Financials Horace Mann Educators ($HMN) raised 2021 EPS guidance to $3.50-$3.70 vs est. $3.30 from $3-$3.20 largely on strength of net investment income and impact of lower-than-guided catastrophe losses in second quarter; now expect catastrophe losses for just-ended Q2 will be about $15M-$18M, revised FY 2021 guidance assumes total net investment income to increase to range of $385M-$405M due to Q2 results Bank OZK ($OZK) raised its quarterly dividend to 28.5c/share from 28c Baird assumed coverage on National Storage ($NSA) at Outperform with a $54 price target Healthcare Biosig Technologies ($BSGM) announced public offering Stephens initiated OW ratings on Healthequity (HQY) with a $100 target and CloudMD Software & Services ($DOCRF) with a $5 target Merck ($MRK) plans to withdraw the US accelerated approval indication for Keytruda for patients with recurrent locally advanced or metastatic gastric cancer as a third-line treatment after the drug failed to meet its post-marketing requirement of showing an overall survival benefit in a late-stage study. Merck said it plans the pullout in six months and does not affect other indications for Keytruda. Technology, Media & Telecom Chicken Soup for the Soul Entertainment ($CSSE) intends to offer stock Verizon ($VZ) told federal regulators it would keep supporting low-cost wireless service for three years if it is allowed to buy TracFone as negotiations continue with the FCC to close the $6.9B acquisition ContextLogic ($WISH) downgraded to In-Line at Evercore
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taxable account just hit the six figures. will not be $100K when market opens. lol.
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its funny because I have some friends in Austin with good jobs that are doing the opposite -- six figure salaries living paycheck to paycheck. met a guy the other day who dropped $120K on a used Mercedes Benz G Class. (G Wagon) with 50K miles. I was in disbelief.
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otherwise known as two six four, eighty juan
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UK Markets Finished in the green yesterday, boosted by gains in mining and industrial sector stocks. Wm. Morrison Supermarkets surged 34.6%, after the retailer rejected an unsolicited offer worth £5.5 billion from the US private equity firm, Clayton, Dubilier & Rice. Capita climbed 9.1%, after the outsourcer forecasted a revenue growth for the first time in six years. Ocado Group advanced 4.0%, after a top broker upgraded its rating on the stock to ‘Overweight’ from ‘Equal Weight’. Renewables Infrastructure Group rose 0.5%. The company announced that routine inspections at Merkur found signs of stress fatigue on certain areas of the support structure of the Helihoist on some of the 6MW wind turbines. Meanwhile, Rio Tinto slid 0.3%, following a rating downgrade on the stock to ‘Sell’ from ‘Neutral’. The FTSE 100 advanced 0.6%, to close at 7,062.3, while the FTSE 250 rose 0.6%, to end at 22,457.1. .
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Monday, June 21, 2021 Futures Up/Down % Last Dow 190.00 0.57% 33,345 S&P 500 18.0 0.43% 4,171 Nasdaq 61.75 0.44% 14,096 U.S. stock futures are looking sharply higher, tracking gains in Europe while Asian markets decline with global stock markets mixed. Stocks ended lower last week after the Federal Reserve said Wednesday it expects to raise interest rates by late 2023, sooner than previously projected. Prompting the policy shift was a much stronger economic rebound and hotter inflation than the Fed anticipated just a few months ago. Markets then again dropped on Friday after St. Louis Fed President James Bullard said during a TV interview on CNBC that inflation risks may warrant the Federal Reserve beginning raising interest rates next year, backing an even-earlier liftoff than penciled in by many of his colleagues. Shares of banks, energy firms and other companies that tend to be sensitive to the economy’s fluctuations have fallen sharply since the Fed’s meeting on Wednesday. Material stocks plunged with Nucor (NUE) falling ~13% in tough week for steel stocks, while Freeport-McMoRan (FCX) fell 14%, and gold miner Newmont Corp (NEM) dropped 11%. The S&P 500 Banks index plunges 8% as the yield curve flattens and energy stocks fall over 5% as crude retreats from multi-year highs as U.S. dollar firms after Fed signal on rates. Treasury yields plunged further overnight as the benchmark 10-year U.S. yield fell to its lowest since Feb. 24 at 1.354%, before recovering back to 1.433% now. Bitcoin prices dropping nearly 8% to $32,700, while Ethereum falls about 10% to $1,975 in a general rout of crypto assets to start the week; Bitcoin cash (BCH) down over 11% under $500 – crypto assets fall as Reuters reports further crackdown in China as authorities in the southwest province of Sichuan on Friday ordered cryptocurrency mining projects to close. In Asian markets, The Nikkei Index plunged -953 points to 28,010, the Shanghai Index was up a few points at 3,529 and the Hang Seng Index dropped -312 points to 28,489. In Europe, the German DAX is higher by 115 points to 15,560, while the FTSE 100 is up about 15 points to 7,030. Market Closing Prices Yesterday The S&P 500 Index dropped -55.41 points, or 1.31%, to 4,166.45 The Dow Jones Industrial Average fell -533.32 points, or 1.58%, to 33,290.08 The Nasdaq Composite slumped -131.02 points, or 0.93%, to 14,030.38 The Russell 2000 Index plunged -49.71 points, or 2.17% to 2,237.75 Events Calendar for Today 8:30 AM EST National Activity Index for May Earnings Calendar: Earnings Before the Open: PLUG Earnings After the Close: none Other Key Events: Goldman Sachs 17th Business Services, Transport & Leisure Conference (virtual), 6/21-6/23 Raymond James Human Health Innovation Conference (virtual), 6/21-6/23 Roth London Conference (virtual), 6/21-6/23 Macro Up/Down Last Nymex 0.17 71.81 Brent 0.06 73.57 Gold 15.20 1,784.20 EUR/USD 0.0032 1.1896 JPY/USD -0.13 110.08 10-Year Note -0.014 1.436% World News Bitcoin prices dropping nearly 8% to $32,700, while Ethereum falls about 10% to $1,975 in a general rout of crypto assets to start the week; Bitcoin cash (BCH) down over 11% under $500 – crypto assets fall as Reuters reports further crackdown in China as authorities in the southwest province of Sichuan on Friday ordered cryptocurrency mining projects to close. Negotiators for Iran and six world powers on Sunday adjourned talks on reviving their 2015 nuclear deal and return to respective capitals for consultations as remaining differences still need to be overcome, officials said – Reuters Sector News Breakdown Consumer Six Flags Entertainment (SIX) could keep climbing as it offers outdoor entertainment that’s close to home, according to Barron’s. Some 1.3 million people visited its parks in the first quarter, versus Wall Street’s estimate of just 600,000, boding well for the summer season when all of its North America parks will be open. Still, labor shortages could be a headwind. Porsche AG (POAHY) will develop and produce battery cells for electric sportscars in a new joint venture with German lithium-ion specialist Custom Cells GmbH; is investing a high double-digit million-euro sum and will control a 83.75% stake in the Cellforce venture Amazon (AMZN) Prime Day has kicked off, with the online retail giant promising more than 2 million deals over the two-day event. Energy, Industrials and Materials CNH Industrial (CNHI) agreed to acquire Raven Industries (RAVN) for $58.00 per share, in a transaction valued at $2.1B https://bit.ly/3iXZByo Chevron (CVX) said it was returning offshore workers who had been evacuated ahead of Tropical Storm Claudette from its Gulf of Mexico production platforms Boeing’s (BA) 737-10, the largest airplane in the 737 MAX family, completed a successful first flight on June 18. The airplane took off from Renton Field in Renton, Washington, at 10:07 a.m. and landed at 12:38 p.m. at Boeing Field in Seattle FedEx (FDX) mentioned positively in Barron’s saying it can charge higher fees when demand strengthens, thanks to the duopoly it shares with UPS (UPS), and that should add up to a strong earnings report this coming week. A big beat and strong guidance will probably be needed to move the stock higher Healthcare Tarsus Pharmaceuticals Inc. (TARS) said a pivotal Phase 2b/3 study of its investigational therapeutic TP-03 met all of its primary and secondary endpoints in patients with Demodex blepharitis, an ocular disease caused by an infestation of Demodex mites. Theravance Biopharma Inc. (TBPH) said its Phase 2 trial of its treatment for acute lung injury and impaired oxygenation didn’t meet its primary endpoint when compared with a placebo Technology, Media & Telecom Oracle (ORCL) mentioned positively in Barron’s saying the company is in the middle of a major business overhaul, reinventing itself for the cloud, and thought the stock has been among the year’s best performing tech shares, but the rally may not be over Pershing Square Tontine Holdings (PSTH), a special purpose acquisition company, announced that it had entered into a definitive agreement with Vivendi (VIVHY) to acquire 10% of the outstanding Ordinary Shares of Universal Music Group for approximately $4 billion
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about a six figure account
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if you dont have a six figure account
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gold price breaking it's downtrend line in six different currencies
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U.S. DRILLERS CUT OIL AND GAS RIGS FOR FIRST TIME IN SIX WEEKS -BAKER HUGHES
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next week June......six months fast
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Wednesday, May 26, 2021 Futures Up/Down % Last Dow 77.00 0.22% 34,346 S&P 500 11.25 0.28% 4,197 Nasdaq 40.50 0.30% 13,697 U.S. stocks are looking slightly higher, coming off a day where stocks slipped following disappointing economic data that showed declining consumer confidence amid higher inflation fears and weaker housing news. Gold prices extend gains, topping the $1.900 an ounce level as Treasury yields continue to slide with the 10-year down at 1.56%. The reopen trade names such as airlines, cruise lines, restaurants and retailers have led markets higher the last few days along with a bounce in technology stocks, while early 2021 winners such as industrials, materials and energy have pared gains. Federal Reserve official’s day-after-day keep telling markets that rising inflation will prove to be largely transitory, which has helped push the dollar and Treasury yields lower. Crypto assets wild ride continues, with prices of Bitcoin and the likes finding solid footing this morning (Bitcoin above 40K). In Asian markets, The Nikkei Index rose 88 points to 28,642, the Shanghai Index rose 12 points to 3,593, and the Hang Seng Index jumped 255 points to 29,166. In Europe, the German DAX is down a few points to 15,455, while the FTSE 100 slipped about -10 points to 7,015. Market Closing Prices Yesterday The S&P 500 Index slipped -8.92 points, or 0.21%, to 4,188.13 The Dow Jones Industrial Average fell -81.52 points, or 0.24%, to 34,312.46 The Nasdaq Composite dipped -4.00 points, or 0.03%, to 13,657.17 The Russell 2000 Index declined -21.59 points, or 0.97% to 2,205.75 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 10:30 AM ET Weekly DOE Inventory Data Earnings Calendar: Earnings Before the Open: ANF, BBW, CMCO, DKS, PLAB, REX Earnings After the Close: AEO, APPS, CHNG, CVCO, DBI, ELF, HEI, MOD, NVDA, NXGN, OKTA, OOMA, PSTG, QADB, QMCO, SNOW, UHAL, WDAY, WSM, ZUO Other Key Events: Goldman Sachs TechNet Conference Asia Pacific 2021 (virtual), 5/24-5/28 JPMorgan Global technology, Media & Communications Conference (virtual), 5/24-5/26 UBS Global Healthcare Conference (virtual), 5/24-5/26 Microsoft Build Conference (virtual), 5/25-5/27 New Relic Future Stack Conference (virtual), 5/25-5/27 Truist Securities 22nd Annual Financial Services Conference (virtual), 5/25-5/26 UBS Global Oil & Gas Conference (virtual), 5/25-5/27 Wolfe Research Transport & Industrials Conference (virtual), 5/25-5/27 Macro Up/Down Last Nymex -0.12 65.95 Brent 0.07 68.72 Gold 8.45 1,907.70 EUR/USD -0.0014 1.2236 JPY/USD 0.12 108.90 10-Year Note +0.002 1.567% World News Iran has banned the energy-intensive mining of cryptocurrencies such as Bitcoin for nearly 4 months, President Hassan Rouhani said on Wednesday, as the country faces major power blackouts in many cities. Bank of Japan board member Hitoshi Suzuki said on Wednesday it was premature to consider an exit strategy for the central bank’s purchases of exchange-traded funds (ETF). However, he also said it was “undesirable” for the BOJ’s ETF holdings to keep increasing New Zealand’s central bank held interest rates on Wednesday but hinted at a hike as early as September next year Sector News Breakdown Consumer Nordstrom (JWN) Q1 EPS loss ($1.05) vs. est. loss ($0.57); company remains on pace to achieve annual sales, earnings and cash flow goals; Q1 sales rose 44% YoY to $2.92B vs. est. $2.9B; Q1 digital sales increased 28% YoY and represented 46% of total; reaffirmed revenue expectations for fiscal 2021; says balancing inventory levels with sales while managing receipt flows to mitigate potential supply chain disruptions Red Robin (RRGB) Q1 adj EPS loss (30c) vs. est. loss ($1.16); Q1 revs $318.7M vs. est. $310.4M; Q1 comp sales rose 10% over the same period in 2020, and decreased 12.8% compared to the same period in 2019; at the end of Q1, 55% of Company-owned restaurants had positive comparable restaurant revenue compared to 2019; says all company-owned units have re-opened with varying levels of capacity GSX Techedu (GOTU) posts Q1 loss of 5.20 yuan per share, compared to a profit of 0.76 yuan a year earlier; operating expenses triple from last year on increased marketing expenses and staff compensation Skyline Champion (SKY) 4Q adj EPS $0.61 vs. est. $0.38 on revs $447.6Mm vs. est. $384.4Mm Toll Brothers (TOL) 2Q EPS $1.01 vs. est. $0.80, home sales revs $1.84B, backlog $8.69B at qtr end; guides 3Q deliveries 2,675 units, sees FY deliveries 10,200-10,400 units; Q2 contracted homes were 3,487, up 85% from last year; Q2 backlog value was $8.69B, up 58% from last year; homes in backlog were 10,104, up 57% from last year Urban Outfitters (URBN) 1Q EPS $0.54 vs. est. $0.17 on sales $927Mm vs. est. $900Mm, retail comps +10% (+44% at free people, +9% at urban, +1% at Anthro), total inventory +17%; says cancelled or delayed many orders during the qtr to reduce inventory levels; Gross margin rose 130 bps during the quarter to 32.4% of sales; sees Q2 revenue up low teens percentage range Energy, Industrials and Materials The American Petroleum Institute (API) reported a weekly draw of 439K barrels of oil; showed a draw of 1.98M barrels, distillate inventories show a draw of 5.13M barrels and Cushing inventories show a draw of 1.15M barrels. Crown Holdings (CCK), Ardagh Group (ARD), and Ball Corp. (BLL) all downgraded to Market Perform from Outperform at BMO Capital following news that Can-Pack is building a second U.S. beverage can plant in Indiana; says Can-Pack’s “aggressive” expansion into the U.S., as well as a smaller entrance by Envases Universales raises fresh questions and suggests that heady expansion plans by the incumbents could be challenged Columbus McKinnon (CMCO) Q4 adj EPS 50c vs. est. 51c; Q4 revs $186.2M vs. est. $182.4M; sees Q1 revs $212M-$217M vs. est. $203.76M Heico (HEI) Q2 EPS $0.51 vs. est. $0.48; Q2 sales $466.7M vs. est. $443.1M; says cannot provide fiscal 2021 net sales and earnings guidance at this time; consolidated operating margin was 20.0% in the first six months of fiscal 2021, as compared to 22.5% in the first six months of fiscal 2020 ReneSola (SOL) Q1 EPS 1c vs. est. loss (2c); Q1 revs $22.8M vs. est. $19.04M; sees 2Q revs $19-22Mm and gr margin 36-39% vs. est. $23.2Mm and 31.5%; guides FY revs $90-100Mm vs. est. $98.5Mm, sees FY gr mgn over 25% vs. est. 27.8% July corn prices dropped over 5% on Tuesday to $6.20 3/4 per bushel and has now fallen 15% since May 7, when the contract maxed at $7.35 1/4 per bushel. Prices were pressured after the Department of Agriculture reported that U.S. farmers had planted 90% of their corn crops, above the five-year average of 80%. Financials Intuit Corp. (INTU) 3Q adj EPS $6.07 vs. est. $6.47 on revs $4.2B vs. est. $4.4B; guides 4Q adj EPS $1.55-1.60 vs. est. $0.34; guides FY revs $9.362-9.4B vs. est. $9.06B Bank of Montreal (BMO) reported a rise in Q2 profit amid higher revenue; bet income was C$1.3 billion in the quarter, compared with C$689 million a year ago; revenue rose to C$6.08 billion from C$5.26 billion; net efficiency ratio rose to 69.3% in the quarter, up from 64.4%, while return on equity rose to 10.2% from 5.5%. Dynamics Special Purpose Corp (DYNS) 20M share IPO priced at $10.00 Flywire (FLYW)44M share IPO priced at $24.00 Healthcare Agilent (A) Q2 adj EPS 97c vs. est. 83c; Q2 revs $1.525B vs. est. $1.4B; sees Q3 adj EPS 97c-99c above est. 91c; sees Q3 revs $1.51B-$1.54B, also above est. $1.42B; raises FY21 adj EPS view to $4.09-$4.14 from $3.80-$3.90 (est. $3.90); boosts FY21 revs view to $6.15B-$6.21B (est. $5.94B) Nabriva Therapeutics (NBRV) surges the co and Chinese partner Sinovant Sciences said Lefamulin met the main goal in treating Chinese adults with community acquired bacterial pneumonia in a late-stage study Travere Therapeutics (TVTX) provides a regulatory update for its Sparsentan program in focal segmental glomerulosclerosis (FSGS); said based upon the feedback from the U.S. FDA, the company said it no longer expects to submit for accelerated approval for FSGS in the U.S. during the second half of 2021. Larimar Therapeutics (LRMR) plunges over 40% after saying the FDA has placed a clinical hold on the CTI-1601 clinical program and that the company will not be closing a previously announced private placement financing Technology, Media & Telecom Zscaler (ZS) 3Q adj EPS $0.15 vs. est. $0.07 on revs $176.4Mm vs. est. $163.7Mm; guides 4Q adj EPS $0.08-0.09 vs. est. $0.10, sees 4Q revs $185-187Mm vs. est. $173.9Mm; Q3 Calculated billings grows 71% YoY to $225.0M and deferred revenue grows 65% YoY to $495.4M DoubleVerify Holdings (DV) Q1 EPS 4c on revs $67.6M; sees Q2 revs $72M-$74M (est. $69.5M) and FY21 revs $322M-$326M (est. $315.1M) LiveRamp Holdings (RAMP) 4Q adj EPS $0.04 vs. est. $0.02 on revs $119.18Mm vs. est. $116.14Mm; guides 1Q revs $112Mm vs. est. $112.9Mm; sees FY22 revs of up to $509Mm vs. est. $507.7Mm Elastic (ESTC) announced an expanded strategic partnership with Microsoft (MSFT) Apple (AAPL) is expected to outpace Samsung (SSNLF) as the largest buyer of AMOLED displays for smartphones in 2021, as new iPhones for the year are likely to adopt flexible AMOLED screens, pushing up the penetration of such displays in iPhone devices to around 80% – Digitimes Ambarella (AMBA), Lumentum (LITE) and ON Semiconductor (ON) announced two new joint reference designs that accelerate AIoT device deployment across verticals, building on the companies’ previous joint solution for contactless access systems Photronics (PLAB) Q2 EPS 17c (in-line w ests) and Q2 revs $159.8M vs. est. $158.27M; sees Q3 EPS 19c-25c vs. est. 21c; sees Q3 revs $162M-$172M vs. est. $168.1M Globant (GLOB)2M share Secondary priced at $214.00
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“The six-month pace of [total social financing] deceleration has picked up to somewhere close to that at the height of the deleveraging cycle back in 2017/18,” SocGen’s Wei Yao and Michelle Lam said. “This means that China’s credit impulse just turned negative.”
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Remember when he was going to live in Africa for six months amd run TWTR and SQ from there.
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at six cents who cares?
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ACCORDING TO GOLDMAN SACHS, COMMODITIES WILL RISE 13.5% IN THE NEXT SIX MONTHS.
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US Markets Closed lower yesterday, amid sell off in technology sector stocks. Bed Bath & Beyond declined 12.2%, after the retailer reported a drop in its net sales in the fourth quarter. JPMorgan Chase fell 1.9%, despite reporting higher than expected revenue and profit in the first quarter. On the flipside, Moderna climbed 6.9%, after a new data showed that the drug maker’s Covid vaccine was more than 90% effective six months after the second shot. Wells Fargo advanced 5.5%, after the company reported better than expected results in the first quarter. Goldman Sachs Group added 2.3%, after the company reported upbeat results in the first quarter. JetBlue Airways rose 0.3%, after a top broker upgraded its rating on the stock to ‘Overweight’ from ‘Underweight’. The S&P 500 slipped 0.4%, to settle at 4,124.7. The DJIA rose 0.2%, to settle at 33,730.9, while the NASDAQ shed 1.0%, to close at 13,857.8.. .
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SOX 3 red in a row, first time in six weeks.
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Six ships that had been stuck behind the Rumford have started to move as this morning's latest traffic trouble in the Suez dissipates. The first vessel, Aframax crude tanker Minerva Nike, heading north through the canal at nearly 12 knots at around noon London time. The Rumford, meanwhile, has entered the Great Bitter Lake.
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six months @dros > @dros said: what sort of timeframe are you looking to buy this equity for?
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reports 4Q20 adj'd EPS of $2.58 vs est of $2.49 & Revs of $1.7B [up 24% y/y] vs est of $1.66B. •Total Cash: $1.2B •Total comparable sales increased 21% y/y •DTC net revs increased 94% y/y •DTC net revs represented 52% of total net revenue vs 33% in 4Q19 •Gross profit increased 25% to $1B , & gross margin increased 60bps to 58.6%. •opened six net new company-operated stores during the quarter, ending with 521 stores Guides 1Q21 Revs of $1.1B-$1.3B vs est of $996.34M Guides 1Q21 EPS of $0.86-$0.90 vs est of $0.82 Guides FY21 Revs of $5.55B-$5.65B vs est of $4.33B Guides FY21 adj'd EPS of $6.30-$6.45 vs est of $4.58
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Six straight days of last hour declines for the S&P 500
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UK Market UK closed in the red yesterday, led by losses in mining and financial sector stocks. SSP Group declined 7.9%, after the company warned that revenue from its train and bus station businesses would not recover to pre-pandemic levels before 2024. TI Fluid Systems dropped 4.8%, following a rating downgrade on the stock to ‘Hold’ from ‘Buy’. On the contrary, BT Group jumped 6.5%, after its mobile and internet service provider EE won a new 5G spectrum in an auction. Rolls-Royce Holdings climbed 3.5%, after a top broker upgraded its rating on the stock to ‘Neutral’ from ‘Underweight’. Capita advanced 1.7%, after the outsourcer announced that it was simplifying its business into three divisions from six, following a decline in its annual pretax profit. Hargreaves Lansdown added 1.5%, after the company predicted that its pretax profit for the year to end June would be “modestly above” analysts’ expectations. The FTSE 100 declined 0.6%, to close at 6,762.7, while the FTSE 250 fell 0.9%, to end at 21,558.6. .
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yea for sure. but just part of the game > @Milpower1967 said: Six months worth of effort wiped out in two weeks. :/ Damn it. Am bagholding some of my picks for LT now. I know the market is correcting (told Chris it would two weeks ago), but this sorta sucks.
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Six months worth of effort wiped out in two weeks. :/ Damn it. Am bagholding some of my picks for LT now. I know the market is correcting (told Chris it would two weeks ago), but this sorta sucks.
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One thousand one hundred and fifty-six dollar..
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Currency EUR is trading marginally higher against the USD at $1.2150, ahead of Germany’s fourth quarter GDP data, due in a few hours. Additionally, investors await the US Fed Chairman, Jerome Powell’s testimony along with the US new home sales data for January and weekly mortgage applications data, scheduled to release later today. Yesterday, the EUR weakened 0.06% versus the USD, to close at $1.2150. On the data front, the Euro-zone consumer price index (CPI) climbed for the first time in six months in January. In other economic news, the US consumer confidence index climbed to a three-month high in February. GBP is trading 0.35% higher against the USD at $1.4162. Yesterday, the GBP strengthened 0.36% versus the USD, to close at $1.4113, after the UK average earnings climbed more than market forecast in December. Meanwhile, the UK unemployment rate jumped to a 5-year high in December. .
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six 9 mafia
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Currency At 0430GMT today, the EUR is trading 0.11% higher against the USD at $1.2133, ahead of the Euro-zone trade balance and industrial production data, both for December, due in a few hours. On Friday, the EUR weakened 0.08% versus the USD, to closeat$1.2120. In other economic news, the US consumer sentiment index unexpectedly dropped to a six-month low level in February. At 0430GMT today, the GBP is trading 0.35% higher against the USD at $1.3897. On the data front, the UK house price index climbed in February. On Friday, the GBP strengthened 0.24% versus the USD, to close at $1.3849, after the UK gross domestic product (GDP) climbed more than expected in the fourth quarter. Meanwhile, the UK manufacturing and industrial production rose less than market forecast in December .
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Technical Analysis Silver The coronavirus outbreak triggered an investor rush to stockpile silver, which like gold is traditionally seen as a safe place to store money. This sentiment is expected to continue leading to six-year highs. The precious metal has been riding an uptrend all year and should continue to climb.
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wtf he has six packs
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prior to moving to Austin next week, I live in Woodstock where Groundhog Day is filmed X) > @Pyrognosis said: JUST IN: Punxsutawney Phil predicts six more weeks of winter after seeing his shadow.
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JUST IN: Punxsutawney Phil predicts six more weeks of winter after seeing his shadow.
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Ford and Google sign six-year deal for in-car connectivity and cloud services
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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: Michael Spanos
HQ: 1000 Ballpark Way Suite 400 Arlington, 76011 Texas