Stock trading – Face OVL http://faceovl.com/ Thu, 15 Sep 2022 22:10:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://faceovl.com/wp-content/uploads/2021/07/icon-2021-07-08T143259.742-150x150.png Stock trading – Face OVL http://faceovl.com/ 32 32 Dow Jones Futures: Stock Market Selling Resumes As Bullish Deal Turns Bearish; FedEx Dives https://faceovl.com/dow-jones-futures-stock-market-selling-resumes-as-bullish-deal-turns-bearish-fedex-dives/ Thu, 15 Sep 2022 22:00:00 +0000 https://faceovl.com/dow-jones-futures-stock-market-selling-resumes-as-bullish-deal-turns-bearish-fedex-dives/ Dow Jones futures fell overnight, along with S&P 500 and Nasdaq futures, with fedex (FDX) plunging overnight on weak earnings and forecasts. The stock market rally continued to weaken, with major indexes reversing Wednesday’s thin to modest rebound, while Treasury yields are near long-term highs. X The market is still grappling with Tuesday’s CPI inflation […]]]>

Dow Jones futures fell overnight, along with S&P 500 and Nasdaq futures, with fedex (FDX) plunging overnight on weak earnings and forecasts. The stock market rally continued to weaken, with major indexes reversing Wednesday’s thin to modest rebound, while Treasury yields are near long-term highs.




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The market is still grappling with Tuesday’s CPI inflation report, which upset the bullish scenario of the Federal Reserve’s slowing rate hikes.

Adobe (ADBE) crashed out on mixed results and a $20 billion acquisition. Oil and natural gas stocks fell along with energy prices, but solar and lithium stocks also suffered heavy losses.

Neurocrine Biosciences (NBIX) and Vertex Pharmaceuticals (VRTX) continue to do well, although they haven’t been easy to trade either.

Meanwhile, megacap technologies continue to weaken. Apple (AAPL), which sent an early buy signal on Monday, undercut short-term lows on Thursday. Microsoft (MSFT) approaches its June lows as Google’s parent company Alphabet (GOOGL) set a 19-month closing low.

NBIX stock is on the IBD ranking. Microsoft and Google stock are on IBD Long-Term Leaders. VRTX action is on the IBD Big Cap 20.

FedEx Revenue

After the close, FedEx reported that fiscal first-quarter earnings fell 21% from a year earlier, compared to views for an 18% gain. Revenues increased modestly but slightly exceeded forecasts. The shipping giant also withdrew its guidance for fiscal year 2023 and announced sweeping cost-cutting measures as it faces falling shipping volumes. FedEx was scheduled to release first quarter results on Sept. 22.

FDX stock plunged almost 16% in overnight trading. Archival UPS (UPS) fell 5.5%.

Dow Jones Futures Today

Dow Jones futures fell 0.5% from fair value. S&P 500 futures fell 0.6%. Nasdaq 100 futures were down 0.7%.

Remember that overnight action on futures contracts on Dow and elsewhere does not necessarily translate into actual trading in the next regular trading session.


Join the experts at IBD as they analyze actionable stocks in the stock market rally on IBD Live


Stock market rally

The stock market rally opened higher on Thursday, but it didn’t last as selling quickly set in.

Unemployment insurance claims fell again to a three-month low, but other data, including August retail sales, generally pointed to a weaker-than-expected economy, albeit with loosening price pressures. The Atlanta Fed’s GDPNow tool estimates third-quarter GDP growth at just 0.5% compared to its outlook of 2.5% in August.

The Dow Jones Industrial Average fell 0.6% in stock trading Thursday. The S&P 500 index lost 1.1%. The Nasdaq composite fell 1.4%. Small cap Russell 2000 lost 0.7%.

Apple stock fell 1.9% to 152.37, undercutting the low of its already heavy handful. After breaking above its 50- and 200-day lines on Monday, stocks plunged back below those key levels in Tuesday’s market crash.

Microsoft stock fell 2.7% to 245.38 on Thursday, the lowest point since its mid-June low. Google stock fell 2% to 102.91, not undercutting its May 24 intraday low but the worst close since April 2022.

U.S. crude oil prices fell 3.8% to $85.10 a barrel. Natural gas prices fell 8.7% as an averted rail strike will keep coal shipments going. The Natgas had climbed on Wednesday.

The 10-year Treasury yield rose 5 basis points to 3.46%, despite lackluster economic data. That’s just below the 11-year high of 3.48% set on June 14. The one-year return exceeded 4%.

AND F

Among the top ETFs, the Innovator IBD 50 ETF (FFTY) fell 2.1%, while the Innovator IBD Breakout Opportunities ETF (BOUT) lost 1%. The iShares Expanded Tech-Software Sector ETF (IGV) fell 3.2%, with the main constituents of Adobe and MSFT stocks. ETF VanEck Vectors Semiconductor (SMH) fell 1.8%.

The SPDR S&P Metals & Mining ETF (XME) fell 2.75%. The Energy Select SPDR (XLE) ETF fell 2.6% and the Financial Select SPDR (XLF) ETF edged up 0.3%. The SPDR health care sector fund (XLV) climbed 0.6%.

Reflecting more speculative stocks, ARK Innovation ETF (ARKK) rose 2.2% and ARK Genomics ETF (ARKG) rose 1.8%.


Five best Chinese stocks to watch now


NBIX Stock

NBIX stock rose 2.5% to 106.93 on Thursday. Neurocrine Biosciences now has a flat bottom with a buy point of 109.36, according to MarketSmith analysis. Stocks posted some early entries over the past two weeks, but quickly retreated. Shortly after Wednesday’s open, NBIX stock slipped to 100.46, testing its 50-day line and the top of a previous base. In theory, a trader could have bought Neurocrine as it bounced off its 50-day line, but it would have taken a brave soul to place that bet given the market conditions.

The relative strength line is at a new high, reflecting NBIX stock’s strong outperformance in a weak market.

VRTX Stock

VRTX stock climbed 1% to 287.67, just below the 50-day line. Vertex Pharmaceuticals issued early buy signals late last week, but fell 4.4% on Tuesday to below its 50-day mark.

In a few days, Vertex stock may have its own flat bottom.

Market rally analysis

The stock market rally shows no appetite to rebound. After Wednesday’s hesitant and lackluster rebound from Tuesday’s selloff, the major indices easily wiped out those gains.

The Nasdaq 100, with key weightings in Apple, Microsoft and Google stocks, undercut its September 6 intraday low. The Nasdaq and S&P 500 are yet to break through the Sept. 6 lows. but both set their worst closes since July.

The Nasdaq’s close below the Sept. 6 low would likely signal the end of the long-running market rally.

On a technical level, the major indices must go back above their 50-day moving averages. Their 21 day lines are now lower than their 50 day lines.

The looming Fed meeting adds to the risks over the next few days. More broadly, the market will likely struggle to make sustainable advances until there is strong sentiment that the Fed will slow down and halt rate hikes soon. That was the hope that featured in Tuesday’s CPI inflation report. But not anymore.

Meanwhile, not only is inflation higher than believed a few days ago, but economic activity is weaker. Thus, the Federal Reserve will impose more “pain” in the midst of a struggling economy.

A recession – or a zero-growth economy with tight labor markets – will be difficult for businesses to manage.


Time the Market with IBD’s ETF Market Strategy


What to do now

The market rally is again barely holding. Far too many intriguing stocks will give a buy signal and then reverse lower the next day. It’s just an extremely difficult environment in which to invest.

Until the major indices are back above their 50-day moving averages, investors should have modest exposure, at most, and be extremely cautious of any new buying. Clarity on an end game of the Fed rate hike would be nice, but that might not happen for several weeks or more.

Market conditions could quickly improve or deteriorate. If it’s the first, you’ll want to have an up-to-date watch list. If it’s the latter, you’ll be glad you worked on watchlists rather than buying new stocks.

Read The Big Picture every day to stay in tune with market direction and top stocks and sectors.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.

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Dow Jones Futures: Market Rally Even Stronger Than It Looks; Tesla Leads 5 Stocks in Buy Zones https://faceovl.com/dow-jones-futures-market-rally-even-stronger-than-it-looks-tesla-leads-5-stocks-in-buy-zones/ Sat, 10 Sep 2022 20:55:00 +0000 https://faceovl.com/dow-jones-futures-market-rally-even-stronger-than-it-looks-tesla-leads-5-stocks-in-buy-zones/ Dow Jones futures will open Sunday night, along with S&P 500 and Nasdaq futures. The stock market rally resumed last week, with key indices crossing above key resistance. X It is not a definitive victory, even if it is close. Major stocks and other indicators are pointing to a healthier market recovery than the large […]]]>

Dow Jones futures will open Sunday night, along with S&P 500 and Nasdaq futures. The stock market rally resumed last week, with key indices crossing above key resistance.




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It is not a definitive victory, even if it is close. Major stocks and other indicators are pointing to a healthier market recovery than the large cap indices alone would indicate. Although many market challenges remain, investors should gradually increase their exposure and prepare to dive deeper.

You’re here (TSLA) shares, Arista Networks (A NET), Enphase Energy (ENPH), Neurocrine Biosciences (NBIX) and Pure storage (PSTG) are in or near shopping areas. You’re here (TSLA) and ANET stocks are arguably around early entries, while Pure Storage clearly did on Friday. ENPH stock initially fell on Friday, but rebounded after holding above a trendline. NBIX stock is also holding just above a trend line.

NBIX stock is on the IBD ranking. PSTG stock is on SwingTrader. TSLA, Arista Networks, Enphase Energy and Pure Storage stocks are on the IBD 50. ENPH and Arista stocks are also on the IBD Big Cap 20.

In other news, Warren Buffett Berkshire Hathaway (BRKB) revealed on Friday evening that it had raised its western oil (OXY) at 26.8% versus 20.2%. OXY stock rose slightly on Friday night.

The video embedded in the article analyzed the action of the market rally last week and analyzed Tesla, GlobalFoundries (GFS) and PSTG shares.

Dow Jones Futures Today

Dow Jones futures open Sunday at 6 p.m. ET, along with S&P 500 and Nasdaq 100 futures.

Remember that overnight action on futures contracts on Dow and elsewhere does not necessarily translate into actual trading in the next regular trading session.


Join the experts at IBD as they analyze actionable stocks in the stock market rally on IBD Live


Stock market rally

The stock market rally extended recent losses on Tuesday, but then rebounded for strong weekly gains.

The Dow Jones Industrial Average rose 2.7% in stock trading last week. The S&P 500 index jumped 3.65%. The Nasdaq composite jumped 4.1%. The small cap Russell 2000 rebounded just over 4%.

The 10-year Treasury yield rose 13 basis points to 3.32%, the sixth weekly advance and close to June’s 11-year high of 3.48%.

U.S. crude oil futures hit their lowest levels since January during the week, but rebounded to end down just 0.1% at $86.79 a barrel. Natural gas futures fell 9%.

AND F

Among the top ETFs, the Innovator IBD 50 ETF (FFTY) rebounded 2.6% last week, while the Innovator IBD Breakout Opportunities ETF (BOUT) gained 2.55%. The iShares Expanded Tech-Software Sector ETF (IGV) jumped 5.6%. The VanEck Vectors Semiconductor (SMH) ETF rose 4.35%.

SPDR S&P Metals & Mining ETF (XME) jumped 6.1% last week. The Global X US Infrastructure Development ETF (PAVE) jumped 5.1%. The US Global Jets ETF (JETS) climbed 5.2%. The SPDR S&P Homebuilders ETF (XHB) rebounded 4.5%, even with Treasury yields rising. ETF Energy Select SPDR (XLE) gained 0.8% and ETF Financial Select SPDR (XLF) added 4.5%. The SPDR healthcare sector fund (XLV) jumped 4.4%.

Reflecting more speculative stocks, ARK Innovation ETF (ARKK) jumped 9.9% last week and ARK Genomics ETF (ARKG) 8.85%. Tesla stock is a major holding in Ark Invest’s ETFs.


Five best Chinese stocks to watch now


Stocks to Watch

Tesla stock jumped 10.9% last week to 299.68, rebounding from its 50-day line to back above the 200-day moving average. The volume was anemic, however. Investors could possibly buy TSLA shares around here or just above the 300 level, with 314.74 as a near-handful entry. The electric vehicle giant is still far from official points of purchase.

Tesla has bounced back from Covid restrictions and dramatically increased production capacity. But rivals are also on the rise, with Chinese electric vehicle makers in particular producing new models in volume and dramatically expanding their international presence. It’s going to be interesting several months in the EV space for sure.

On Friday evening, Tesla CEO Elon Musk filed an additional reason to remove the $44 billion Twitter (TWTR) buyout deal: A severance package to whistleblower Peiter “Mudge” Zatko.

ANET stock jumped 6.1% last week to 124.11, bouncing off the 10-week moving average and recovering the 200-day and 21-day lines, but on lackluster volume. Arista Networks stock has a buy point of 132.97 from a double-bottom basis, but investors could take an early entry around current levels. Arista’s earnings and sales growth has accelerated over the past three quarters.

ENPH stock rose 9.5% to 305.70 last week. Stocks recovered their 21-day line on Tuesday, arguably offering an early entry on a short consolidation after a post-earnings surge to new highs. On Wednesday, Enphase stock was definitely exploitable, hitting new highs. On Friday, ENPH stock fell to 294.20 intraday on an analyst downgrade, but rebounded after never undercutting the trendline entry or reaching its 21-day line.

The relative strength line, aside from Friday’s decline, hit record highs as Enphase shares top the S&P 500.

NBIX stock rose 3.4% in the short week to hit 106.51, rebounding from the 10-week line. Stocks crossed a trendline on Thursday, then held above it on Friday.

PSTG stock climbed 3.9% at 30:30 a.m. for the week after testing its 50- and 200-day lines. After the flop of an August breakout, a new handle formed with a buy point of 31.62. But on Friday, stocks broke the downtrend of that handle and moved above the 21-day line, offering early entry.


Tesla vs. BYD: Which electric giant is the best buy?


Market rally analysis

On Tuesday, the stock market rally appeared to be in its final moments. The major indices were beginning to lose sight of their 50-day line after falling back from the 200-day line in mid-August. The Nasdaq composite undermined late July lows, but it notably did not close below this zone.

From there, the big averages bounced back.

On Friday, the S&P 500 and small-cap Russell 2000 recovered to their 50-day moving averages at the open, joined in the afternoon by the Nasdaq. The Dow briefly crossed its 50-day line, but closed just below that key level.

With the S&P 500 now having some space above the 50-day line, it is perhaps premature to say that the overall market rally has decisively passed the key test.

One reason is that megacap stocks have been notable drags on the large-cap composite Dow, S&P 500 and Nasdaq, masking the underlying bullish action.

NYSE advances crushed decliners 5-1, while Nasdaq winners beat losers 5-2.

The S&P MidCap 400 recovered its 50-day line on Thursday, then broke above 21 days on Friday.

The Invesco S&P 500 Equal Weight (RSP) ETF, which does not overweight megacaps such as Apple (AAPL), Microsoft (MSFT) and Tesla, actually recovered its 50-day line on Wednesday, added gains on Thursday, then rallied above the 21-day line in convincing fashion on Friday.

To be fair, megacaps did well on Friday. Tesla stock posted a strong gain as Apple and Microsoft stock moved closer to key levels.

Despite ENPH stocks retreating on Friday, solar stocks remain the market leaders, along with pollution control and various medical names. But tech stocks such as ANET and Pure Storage stocks are also starting to show up.

Steel names rebound, while there is dispersed strength in retail and restaurants.

Oil and gas names stabilized along with underlying commodity prices after falling earlier in the week.

The market recovery remains “under pressure”.

It wouldn’t take much for the indices to break back below the 50-day line and back to last week’s lows. On the upside, the 200-day moving average is still a huge test ahead.

In addition to technical hurdles, Tuesday’s August consumer price index looms large. The CPI inflation report is unlikely to prevent the Federal Reserve from raising rates by 75 basis points for a third consecutive meeting on September 21. But a subdued report could bolster expectations of a slowdown in rate hikes later in the year.


Time the Market with IBD’s ETF Market Strategy


What to do now

The stock market rally has made real progress over the past three sessions. Investors should probably add some exposure at this point.

If the Nasdaq decisively clears the 50-day moving average, investors could likely become more aggressive, with a little leeway before the indices hit 200 days.

Create your watchlists. Cast a wide net overall, but definitely focus your attention on exploitable or potentially exploitable names.

While looking for opportunities, stay flexible. If the market rally falters again, be prepared to adopt a more defensive mindset and portfolio again.

Read The Big Picture every day to stay in tune with market direction and top stocks and sectors.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.

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Collapse of US stock market technical indicators flash warning signal https://faceovl.com/collapse-of-us-stock-market-technical-indicators-flash-warning-signal/ Fri, 09 Sep 2022 05:10:00 +0000 https://faceovl.com/collapse-of-us-stock-market-technical-indicators-flash-warning-signal/ Flags are seen outside the New York Stock Exchange (NYSE) in New York, where markets swirled after Russia continues to attack Ukraine, in New York, United States, February 24 2022. REUTERS/Caitlin Ochs/File Photo Join now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 9 (Reuters) – Indicators used by investors to gauge the […]]]>

Flags are seen outside the New York Stock Exchange (NYSE) in New York, where markets swirled after Russia continues to attack Ukraine, in New York, United States, February 24 2022. REUTERS/Caitlin Ochs/File Photo

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NEW YORK, Sept 9 (Reuters) – Indicators used by investors to gauge the health of the U.S. stock market have deteriorated, fueling fears that the benchmark index could retrace to its mid-June low.

The S&P 500 (.SPX) is down 7% since mid-August after a strong summer rally, battered by expectations that the Federal Reserve will raise rates more than expected in its fight to lower consumer prices from their 40-year highs. Read more

The decline in equities has given more reason for caution to those who follow market phenomena such as breadth, momentum and trading patterns to inform their investment decisions. While many of these indicators painted a bullish picture just a few weeks ago, they tell a less bullish story now, raising fears that this year’s selloff in the markets may not be over. Read more

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“I had to technically downgrade the market, given the severity of the decline over the past three weeks,” said John Kolovos, chief technical strategist at Macro Risk Advisors.

“The odds of a market bottom in June have diminished to that of little better than a coin toss at this point.”

Reuters Charts Reuters Charts

Among the factors considered by investors is the breadth of the market, which indicates whether a significant number of stocks are rising or falling in unison. The positive magnitude of the market, when more stocks are up than down, indicates a high degree of confidence among stock bulls.

Recently, the magnitude of the market has started to send worrying signals. The percentage of stocks trading above their 50-day moving average in the Russell 3000 (.RUA) has fallen to around 30% from around 86% in mid-August.

“We want to see this indicator stabilize where it is right now,” Kolovos said. “We really don’t want to see it go much below 25%.”

Reuters Charts

Meanwhile, the 15-day moving average of the percentage of S&P 500 stocks hitting new three-month lows – another measure of the stock market’s breadth – climbed to around 10% from just above. above zero in mid-August, according to data from Thrasher Analytics. It was around 60% at the market low in June.

“We are watching if we continue to see expansion in a bearish magnitude,” said Andrew Thrasher, the company’s founder. “If we see new expanding lows, that will put downward pressure on the index.”

The S&P 500 stayed below its 200-DMA for five months, the longest such streak since May 2009

Additionally, the S&P 500 has remained below its 200-day moving average for five months now, the longest such streak since May 2009.

Historically, the index fell -3.56% in September while below the 200-day moving average in a year in which the United States holds midterm elections, as it will in 2022, according to BofA Global Research. The index is up about 1% since the beginning of the month.

Nasdaq Compound

Tech stocks have been particularly hard hit in recent weeks, with the tech-heavy Nasdaq Composite (.IXIC) down around 10% since mid-August.

Some chart watchers see more trouble ahead for the index, which recently formed a bullish-to-bearish trend reversal known as a “head and shoulders top.”

The index has already broken through the so-called cleavage of the head and shoulders formation earlier this year, a bearish development. A drop from its recent low of around 10,500 could open the Nasdaq for a move to 8,800, said ICAP analyst Brian LaRose. The index closed Thursday at 11,862.

Treasury yields have shown a strong negative correlation with equities this year

Of course, technicals can improve or deteriorate as markets swing and investors adjust their expectations based on factors such as the path of bond yields, which are determined by monetary policy expectations and have closely followed the performance of equities this year.

The yield on the benchmark 10-year Treasury bond hit a high of nearly 3.5% on June 14, just before the S&P 500 hit its recent low.

While equities rebounded as yields fell over the summer, a recent rebound in yields accompanied the pullback in equities this month, with the 10-year yield now hovering around its highest level since June 16.

Meanwhile, real yields, which snuff out inflation and are seen as a key driver of risky asset prices, stood earlier this week at 0.88%, near their highest level since 2019. read the following

The yields have “huge implications for what could happen in the coming months,” said Mark Newton, technical strategist at Fundstrat. “I think yields are very close to peaking and should start to move up.”

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Reporting by Saqib Iqbal Ahmed in New York Editing by Ira Iosebashvili and Matthew Lewis

Our standards: The Thomson Reuters Trust Principles.

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Down 19%, is it safe to invest in the stock market now? https://faceovl.com/down-19-is-it-safe-to-invest-in-the-stock-market-now/ Sun, 04 Sep 2022 20:15:00 +0000 https://faceovl.com/down-19-is-it-safe-to-invest-in-the-stock-market-now/ As measured by Vanguard Total Stock Market Index ETF, the US stock market is currently about 19.4% below its recent highs. It’s still in the vicinity of a bear market, and there are plenty of reasons to remain nervous. In particular, with the Federal Reserve having made it clear that it will not stop raising […]]]>

As measured by Vanguard Total Stock Market Index ETF, the US stock market is currently about 19.4% below its recent highs. It’s still in the vicinity of a bear market, and there are plenty of reasons to remain nervous. In particular, with the Federal Reserve having made it clear that it will not stop raising interest rates until inflation is brought under control, the downward pressure on equities could very well continue.

This raises a key question: is it safe to invest in the stock market right now? Well, the direct answer to this question is Nope. Of course it is never safe to invest in the stock market. Your money is always at risk in the market. As a result, a better question to ask is whether the market drop has opened up opportunities where the potential rewards are worth the risks you are taking. With that in mind, there may well be a path that it might be wise to consider investing again.

Image source: Getty Images

Look where the fear is palpable

In a rising rate environment, some of the hardest hit industries are those that rely heavily on customers who need to borrow money to make purchases. For example, the S&P Home Builders Index is down much worse than the market as a whole, as people worry that rising rates and a tougher economy will keep people from buying new homes.

While it’s absolutely true that rising rates are making it harder to buy a home, it’s also true that building permits for new homes remain slightly stronger than they were at this time of year. last. As home building and home buying slows, we are also exiting what had been amazing housing boomand one where demand far exceeded supply.

There’s a big gap between a huge boom and a complete bust, and contrary to popular belief, people are still buying homes. It’s just not as fast a pace as during the height of the low-interest-fueled housing mania. The question you should really ask yourself is whether the palpable market fear surrounding homebuilders has made at least some of them available at a bargain price.

Similarly, rising interest rates mean that companies that deal with ready money have the opportunity to earn more on their loans. For example, even if consumers cost to borrow increased, the interest rates paid by banks on savings remain stubbornly low. Even so-called “high-yield” savings accounts are yielding just over 2%, even as 30-year mortgage rates have climbed to around 5.66%.

One of the main ways banks make their money is through the spread between the rate they pay depositors and the rate they lend to borrowers. The higher the interest rates, the greater the potential margin for this spread, which could ultimately translate into higher incomes for them.

Of course, the risk is that if too many people default on their loans, banks won’t be able to collect enough of their loans to fully cover their costs. If the economy remains soft and job losses start to mount, this risk may increase. While bank stocks are down, at least some worry is justified by the potential for things to go from bad to worse.

Are the risks and potential rewards balanced?

Neither homebuilders nor banks are risk-free investments, but both have generally seen their stock prices fall as the market has begun to recognize the risks both industries face. Therefore, investors buying today actually have a better potential reward profile for the risks they take than those who bought earlier when prices are higher.

Has the balance tipped far enough in favor of investors where they might be worth buying? It’s a little harder to answer, but you can usually get into the ballpark. A great approach to doing this is to use the discounted cash flow model to help you value the stocks you’re considering buying. With this model, you can get a good idea of ​​both how much money you expect from a business and what that money is worth to you.

If the stock price seems cheap relative to the value suggested by the company’s cash-generating capabilities, the risk-reward balance may very well be in your favor. Even better, since you’ve built a model based on projections of cash the business is expected to generate in the future, you can use this model to check how the business is changing over time. This can help you keep an eye on the stocks you buy to see if their companies are really worth keeping.

Start now

Although bear markets often present opportunities to buy big companies at bargain prices, the market panic is unlikely to last forever. Make today the day you start looking for bargains. Once you’ve found and bought them, have the patience to let the market work through the rest of its worries. Do it successfully, and you may find that while it’s not safe to invest in the stock market now, it may very well turn out to be profitable.

Chuck Saletta has no position in the stocks mentioned. The Motley Fool has positions in and recommends Vanguard Total Stock Market ETF. The Motley Fool has a disclosure policy.

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NBA stock market: Which stock goes up and down before training camps? https://faceovl.com/nba-stock-market-which-stock-goes-up-and-down-before-training-camps/ Fri, 02 Sep 2022 21:07:25 +0000 https://faceovl.com/nba-stock-market-which-stock-goes-up-and-down-before-training-camps/ The start of the 2022-23 NBA season is less than seven weeks away, and the offseason has been a busy time for all 30 franchises. From All-Star asking for a trade to All-Stars being traded to new teams putting their names in the mix to be championship contenders, this upcoming season has a chance to […]]]>

The start of the 2022-23 NBA season is less than seven weeks away, and the offseason has been a busy time for all 30 franchises.

From All-Star asking for a trade to All-Stars being traded to new teams putting their names in the mix to be championship contenders, this upcoming season has a chance to be very special and very competitive.

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Bond yields slide after Fed’s Jackson Hole speech https://faceovl.com/bond-yields-slide-after-feds-jackson-hole-speech/ Tue, 30 Aug 2022 13:40:04 +0000 https://faceovl.com/bond-yields-slide-after-feds-jackson-hole-speech/ U.S. stocks surged on Tuesday as investors seek to shake off Fed Chairman Jerome Powell’s hawkish rhetoric from last week. At Jackson Hole, he reiterated the Fed’s desire to control inflation by continuing to raise interest rates. Bond yields slowed their ascent on Tuesday after rising two days after Powell’s speech. Loading Something is loading. […]]]>
  • U.S. stocks surged on Tuesday as investors seek to shake off Fed Chairman Jerome Powell’s hawkish rhetoric from last week.
  • At Jackson Hole, he reiterated the Fed’s desire to control inflation by continuing to raise interest rates.
  • Bond yields slowed their ascent on Tuesday after rising two days after Powell’s speech.

U.S. stocks traded higher on Tuesday in its first attempt to rebound from Fed Chairman Jerome Powell’s hawkish speech in Jackson Hole on Friday.

Tuesday’s rise in the stock market came as bond yields appeared to have hit a wall, slowing their ascent and falling briefly early Tuesday morning.

The subdued move in bond yields suggests investors aren’t entirely buying into the extra-hawkish stance Powell displayed last week as he reiterated the Fed’s determination to tame inflation by raising rates interest and reducing its balance sheet.

Here’s where the U.S. indices were shortly after the 9:30 a.m. ET open on Tuesday:

Twitter shares fell on Tuesday after Elon Musk cited a whistleblower who spoke out against the social media company as another reason to exit its pending multi-billion dollar takeover.

Oil prices fell on Tuesday, rebounding from their recent rise as traders anticipate impending central bank rate hikes, as well as next week’s OPEC+ meeting. While inflation remains elevated in the US and Europe, markets are pricing in further aggressive rate hikes from central banks that could trigger a slowdown.

Europe is close to meeting its natural gas storage targets before winter, with countries two months ahead of storage as they scramble to replace Russian supplies. Inventory data shows the European Union had filled its winter reserves to 79.94% on Sunday, according to Gas Infrastructure Europe. That’s just short of its goal of 80% by November 1.

Warren Buffett’s Berkshire Hathaway has cut its stake in BYD for the first time in 14 years, a Hong Stock Exchange filing showed on Tuesday. The famed investor’s conglomerate sold about 1.3 million shares of the Chinese electric vehicle maker for about $47 million last week. The divestitures reduced its position from 220 million shares to 218.7 million shares, according to the filing.

West Texas Intermediate crude oil fell 3.19% to $93.92 a barrel. Brent, the international oil benchmark, fell 3.37% to $101.55.

Bitcoin rose 0.45% to $20,363. Ether prices rose 1.89% to $1,573.

Gold fell 0.31% to $1,744.20 an ounce. The 10-year Treasury yield remained stable at 3.10%.

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What to watch in the stock market this week 8/29-9/2 https://faceovl.com/what-to-watch-in-the-stock-market-this-week-8-29-9-2/ Sun, 28 Aug 2022 20:41:33 +0000 https://faceovl.com/what-to-watch-in-the-stock-market-this-week-8-29-9-2/ Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. Stock market outlook this week – August 29 to September 2 Last week revealed a lot about the outlook for the stock market for the rest of the year. The Federal Reserve is committed to using all means necessary to curb inflation. […]]]>

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here.


Stock market outlook this week – August 29 to September 2

Last week revealed a lot about the outlook for the stock market for the rest of the year. The Federal Reserve is committed to using all means necessary to curb inflation. With more rate hikes expected, economic growth may be the only thing that will suffer. In our article “Best Penny Stocks to Watch After Powell’s Jackson Hole Speech”, we discussed in more detail Fed Chairman Jerome Powell’s commentary which revealed some of the risks that could weigh on the economy:

While the weaker inflation readings for July are welcome, the single-month improvement is well below what the Committee will need to see before we are confident that inflation is coming down…Under the circumstances At present, with inflation well above 2% and the labor market extremely tight, longer-term neutrality estimates are no place to stop or take a break… Our goal is to avoid this result by acting with determination now

With the next Federal Reserve meeting scheduled for next month, all eyes are on the central bank’s next moves. In the meantime, there are still many more economic events to consider and Fed speeches that could steer the market. This could impact penny stocks just as much as higher priced companies. This week, we’ve highlighted some of the major stock market events you need to know about this week.

What to watch in the stock market this week

The majority of events in the stock market this week will be dominated by speeches from major and minor members of the Federal Reserve. However, critical employment and manufacturing data will likely take center stage towards the end of the week.

Nonfarm Payroll, Wages and Unemployment

Non-farm payrolls are usually something that acts as an event that moves the market. These results will be the last before the next Fed meeting in September. Although the technical definition of a recession is respected (2 consecutive quarters of negative growth), some participants argue that it is not necessarily a recession due to the tight labor market. The latest round of rate hikes has weighed on prices and cooled several hot markets, including real estate and energy.

[Read More] Best Strategies for Buying Penny Stocks in September? 3 to know

Nevertheless, economists predict that the economy added 285,000 jobs in August and that the unemployment rate will remain at 3.5%. Average hourly wages are also expected to rise. We’ll see what happens when the hard data arrives later this week.

More economic data on the bridge

Besides the payrolls data, there is other employment-related information to weigh on the stock market this week. You have an ADP non-farm job for June that is reported mid-week. This will follow the JOLT job postings for July. Housing market data and sales data are also to be watched during midweek trading. These include the housing price index and data from the Redbook and consumer confidence on Tuesday.

If you’re unfamiliar, data from Redbook reports same-store sales growth for general merchandise retailers. A higher reading is generally seen as positive for the US Dollar, while a weaker reading is the opposite. In the meantime, it will be against a backdrop of consumer confidence that has slipped in recent months. As a measure of consumers’ outlook on the economy, July was 95.7 (below the expected 97.2), which was lower than the previous reading of 98.4. If consumer confidence beats expectations this time, however, it could be seen as bullish for the US Dollar.

Stock market snapshot

This is only a brief overview of the market and not an exhaustive list of big and small events for the coming week. However, these are some of the more prominent catalysts that might be on traders’ radar and perhaps something to keep in mind heading into the final trading days of August.

Is the Stock Market Crash Happening Right Now Following Jerome Powell’s Jackson Hole Comments? Friday, August 26, Jerome Powel reaffirmed the FED’s commitment to the fight against inflation. Powell said we should expect the pain to escape a stock market crash and recession.

[Read More] Best Penny Stocks to Buy: 4 Short-Term Stocks to Watch Now

BUT… is this a stock market extinction level event (SMELE) or a MAJOR opportunity for EVERYONE? If you like day trading, swing trading, long-term investing, options trading, futures trading, and crypto trading, this is another big week.

How does the stock market work? What are the best stocks to buy now? How can you make money trading the stock market this week? Today’s stock market is very different from any other time in history. Turn on any stock or financial news station, and you know this is true!

Get ready to learn to trade and profit LIVE with True Trading Group on Sunday 08/28/2022. They host free live stock market trading predictions for the coming week on YouTube at 8:30 p.m. ET.

If you enjoyed this article and want to learn how to trade so that you have the best chance of making a profit consistently, you need to check out this YouTube channel. CLICK HERE NOW!!

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AMC appeals to stock market investors for its financial future https://faceovl.com/amc-appeals-to-stock-market-investors-for-its-financial-future/ Fri, 26 Aug 2022 21:53:13 +0000 https://faceovl.com/amc-appeals-to-stock-market-investors-for-its-financial-future/ A new ticker graced the New York Stock Exchange this week as AMC launched a new preferred stock under the symbol “APE”, a nod to the same stock traders who saved cinema from the brink of death. . Theater chain CEO Adam Aron described the move as “the biggest action we’ll take in 2022 to […]]]>

A new ticker graced the New York Stock Exchange this week as AMC launched a new preferred stock under the symbol “APE”, a nod to the same stock traders who saved cinema from the brink of death. . Theater chain CEO Adam Aron described the move as “the biggest action we’ll take in 2022 to fundamentally strengthen AMC for the long term.”

To start, AMC is offering 517 million APE for free to its current investors: one APE unit for each AMC share held. But the company could sell more APE in the future and potentially raise billions of dollars.

“If it can help them eliminate the risk of bankruptcy…I think that’s a good thing,” said Eric Wold, principal analyst at B. Riley Securities.

How and why did AMC create APE?

By creating APE preferred stock, AMC was able to execute something similar to a stock split, which typically benefits a company by making the stock more affordable and therefore more attractive to investors.

Preferred shares generally have limited powers, but this is not the case with APEs, which have economic and voting rights equal to those granted to owners of AMC common stock. So, even though they are different types of investments, they will not be functionally different for the investor.

“The mechanics are a bit technical, but the point is pretty simple, it’s AMC wants to raise more money. And the way to do that is to sell stock,” said Lee Reiners, director of policy at the Duke Financial Economics Center.

“[AMC] the stock is clearly overvalued by all traditional measures, so it makes sense to issue more shares to shore up your balance sheet…and because it’s become so attractive to meme investors, that’s what makes it all possible .

Not only could the extra cash allow AMC to pay off debt or avoid bankruptcy, but the company could also use it to diversify beyond the theater business. In 2021, AMC announced the launch of its own brand of retail popcorn, which will be sold in grocery stores, but it also made less obvious plays like buying a majority stake in a gold mining company in difficulty.

If the company continues to pursue acquisitions disconnected from its core business, Andy Wu, an assistant professor at Harvard Business School, said AMC “would essentially become an asset manager, using the love that people have for AMC to fund its new leadership.

AMC CEO wants to reward meme investor loyalty

More than companies like GameStop or Bed Bath and Beyond, CEO Adam Aron has fully embraced AMC’s “meme stock” status.

He regularly dialogues with the “AMC Apes” on social networks and at public events. On previous quarterly calls, Aron has recited quotes from the movie “Gorillas in the Mist” and announced donations to conservation funds for endangered gorillas. And he regularly answers questions submitted by shareholders during earnings calls.

“It … probably degrades the quality of the [earnings] calls but optimizes them for the entertainment factor,” Wu said.

“While Wall Street analysts are fussy about high numbers, retail investors are mostly interested in the size of the popcorn and whether it can be shaped like Thor’s hammer, i.e. the product .”

Aron has also set out to create atypical perks for investors, like original NFTs, exclusive movie screenings and free concessions, recognizing that AMC’s retail investors, who own 80% of the company, are also likely to benefit. to be AMC customers.

“We normally think of a company’s stakeholders as separate groups: shareholders, employees, customers, partners,” Wu said. “For AMC and even companies like Apple and Tesla, different stakeholder groups no longer make one thing: many customers of the product are also investors in the company.”

“For these client-investors, their assessment of the stock is not necessarily derived from the earnings report numbers, but from their own experience and feelings about the product.”

Will meme traders’ enthusiasm for AMC wane?

Before retail investors started flocking into the action, AMC’s stock price was hovering just above $2. While the stock price is a long way from its 2021 high of $62, it is still well above true value.

“[AMC] gives even stock investors a new thing to play with,” Reiners said. “[It’s] a new action to play on. And that’s what’s really going on with these meme stocks. It’s just a bet. »

“You can’t be a meme stock forever. The monkeys will move on. They are a fickle bunch.

But Wu said it’s theoretically possible for a meme stock’s value to become “real” later on. “If the management team raises funds at their maximum valuation to fund a growth strategy that eventually works, the current high stock price would not be just a transitory illusion,” Wu said.

“Instead, the irrationally high price could drive its own self-fulfilling prophecy.”

Although it is a possibility, Wu also noted, the probability is not high.

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Inflation will resolve itself as Fed pivot looms https://faceovl.com/inflation-will-resolve-itself-as-fed-pivot-looms/ Tue, 23 Aug 2022 17:38:08 +0000 https://faceovl.com/inflation-will-resolve-itself-as-fed-pivot-looms/ Inflation will subside as the distortions of the pandemic fade, according to JPMorgan’s Marko Kolanovic. The bank said lower inflation should help lift the stock market. “The Fed overreacted with a 75 basis point hike. We’ll probably see a pivot from the Fed,” Kolanovic said. Loading Something is loading. Inflation will subside and drive the […]]]>
  • Inflation will subside as the distortions of the pandemic fade, according to JPMorgan’s Marko Kolanovic.
  • The bank said lower inflation should help lift the stock market.
  • “The Fed overreacted with a 75 basis point hike. We’ll probably see a pivot from the Fed,” Kolanovic said.

Inflation will subside and drive the stock market higher as oil prices fall and supply chain bottlenecks resolve, JPMorgan’s Marko Kolanovic said in a Monday note.

Inflation has accelerated over the past year and has been a major concern for investors and the Federal Reserve. Four-decade highs in US inflation have led to back-to-back outsized interest rate hikes this year in an effort to rein in rising prices.

But Kolanovic is concerned about Fed Chairman Jerome Powell’s overreaction with another 75 basis point rate hike next month, and said the Fed should eventually walk away from those outsized rate hikes. . Current market expectations suggest that the Fed will raise interest rates another 75 basis points at its September FOMC meeting.

“We maintain that inflation will resolve itself as distortions fade and the Fed has overreacted with a 75 basis point hike[s]. We will likely see a pivot from the Fed, which is positive for cyclical assets,” Kolanovic said.

That, combined with a second-half recovery in China, the absence of a global recession, and very bearish positioning among systematic and discretionary investment funds, gives Kolanovic confidence in his S&P 500 year-end target of 4,800. A push towards these levels represents a potential upside of 16% from current levels.

And the Fed has little incentive to make big interest rate hikes just before the US midterm elections, Kolanovic added.

“Given the lead time needed for rate hikes to work through the system and with just a month before a very important US election, we believe it would be a mistake for the Fed to increase the risk of a hawkish policy error. and endanger market stability,” Kolanovic said. Explain.

A policy-no-mistake Fed means a soft economic landing is very much on the cards for the United States, though JPMorgan sees little potential for that to happen in Europe as oil prices energy are soaring and inflation remains high.

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Trade Setup for August 22, 2022: What to Know Before the Market Opening Bell https://faceovl.com/trade-setup-for-august-22-2022-what-to-know-before-the-market-opening-bell/ Mon, 22 Aug 2022 00:32:06 +0000 https://faceovl.com/trade-setup-for-august-22-2022-what-to-know-before-the-market-opening-bell/ Trade setup for Monday: After showing consistent bullish moves for eight consecutive sessions, the Indian stock market slipped into a sharp downward reversal on Friday. NSE Nifty plunged 198 points and closed at 17,758 while BSE Sensex fell 651 points and closed at 59,646 levels. The Nifty Bank Index finished 670 points lower at 38,985 […]]]>

Trade setup for Monday: After showing consistent bullish moves for eight consecutive sessions, the Indian stock market slipped into a sharp downward reversal on Friday. NSE Nifty plunged 198 points and closed at 17,758 while BSE Sensex fell 651 points and closed at 59,646 levels. The Nifty Bank Index finished 670 points lower at 38,985 points. However, the mid-cap index (-1.3%) fell more than the Nifty. Volumes on the NSE were the highest since April 29, 2022, suggesting aggressive selling after a sustained rise. The anticipated decline ratio reflected bearish sentiments in the market ending at 0.53:1.

Here we list the key factors to be aware of before the stock market opening bell today.

Global market signals

At the end of the relief rally, Wall Street ended in negative territory on Friday. The Dow Jones ended down 0.86% while the Nasdaq slumped more than 2%. The S&P 500 fell 1.29% while the Small Cap 2000 plunged 2.17%. Asian stock markets were trading mixed on Friday after broadly positive signals from global markets overnight, while European markets were slightly higher.

Asian Market Morning Trends

In Monday’s morning trades, Japan’s Nikkei is down 0.63%, Hong Kong’s Hang Seng is up 0.05%, South Korea’s Kospi is down 0.86% while Shanghai’s Chinese quotes 0.26% lower than its Friday close.

SGX Nifty Technical Outlook

In Monday’s morning session, SGX Nifty was down 85 points at 17,658 levels.

“Immediate support for SGX Nifty is placed at 17,480 while its strong support is placed at 17,250 levels. Similarly, the index faces an immediate hurdle at 17,820 while 18,000 is a significant hurdle for the index. Intraday traders can assume a short range for SGX Nifty today between 17,480 and 17,820, while a wider range for SGX Nifty today is between 17,250 and 18,000,” said Vice-Vice Anuj Gupta. -President – Research at IIFL Securities.

Anuj Gupta recommended a “sell up” strategy for today as the market is trading in an overbought zone.

Clever technical insights

“Nifty gained for the fifth consecutive week (up 0.34%) despite Friday’s losses. Friday’s high and low bar engulfed the previous three candles, forming a downtrend. Until Nifty reached to break Friday’s high (17,992), the trend will either be down or sell up, on the downside, first support can come in at 17,725,” said Deepak Jasani, head of trade research at retail at HDFC Securities.

Bank Nifty Technical Outlook

“Immediate support for the Nifty Bank Index is placed at 38,750 while strong support for the Index is placed at 38,600 levels. Similarly, the Bank Index faces an immediate hurdle at 39,800 as the strong hurdle for the index is placed at 39,800 levels,” said Rajesh Bhosale. , technical analyst at Angel One.

Nifty Call Put Data Option

“NIFTY FUT fails to break above 18,000 after which the drop was quite steep. The options chain for monthly expiry suggests that 17,000 PE holds overall maximum exposure if more than 1 lakh contracts, 17,300 PEs adding the highest new contracts of over 38,000. CE writers are active at 18,000 CE now – with over 2 lakh contracts in total and also being the most aggressive strike – adding new contracts of one lakh,” said Shilpa Rout – Senior Derivatives Analyst at Prabhudas Lilladher.

Nifty Call Put ratio

“PCR OI at 17600 strike is well above 2, which if held and increased will give the BULLs basic support,” said Prabhudas Lilladher’s Shilpa Rout.

Nifty Bank Call Put Option Data

“The BANK NIFTY FUT options chain reflects that PE writers are active at 38,000 PEs with over 88,000 total contracts, with immediate strikes witnessing PE OI unfolding. Wide range of trades between 38,000 and 39,800 areas,” Shilpa Rout said.

FII DII Data

Foreign Institutional Investors (IFIs) bought 1,110.9 crore shares, as domestic institutional investors (DIIs) sold off 1,633.21 crores in shares on August 19, according to preliminary data available on the NSE.

Banned by F&O NSE on August 22, 2022

The National Stock Exchange (NSE) has added the shares of Balrampur Chini, Delta Corp and Tata Chemicals to its F&O blacklist for the trading date of August 22, 2022. Blacklisted securities under the F&O segment include companies in which the titer exceeded 95%. of the market-wide position limit.

U.S. bond yield

The US 10-year bond yield was up 0.17% at 2.994 while the US 30-year bond yield was down 0.22% at 3.232.

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