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Morning rant if you missed -> https://www.optionmillionaires.com/jb-morning-rant-september-19th-2024/
Top of the morning annoying EOD
took out longs shwuuu close call, in uvxy.
cnbc displays dow jones down 0.06 % irritating on the display....I don't know whats worse...that indication style of active markets or the letters revealing a phone number...🤪
sweet molasses
UDOW Oct 18 '24 $94 Call $5.90+2.22 (+60.33%)
TOLD YA...50 PTS..its 2 pm...do you know where your profits are?
Applied Digital Corp call volume above normal and directionally bullish
Bullish option flow detected in Applied Digital Corp with 14,012 calls trading, 1.3x expected, and implied vol increasing over 1 point to 127.25%. Sep-24 6.5 calls and Sep-24 6 calls are the most active options, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 0.11. Earnings are expected on October 15th.
GameStop CEO Cohen to pay $985,320 civil penalty to FTC
The Federal Trade Commission announced that Ryan Cohen, managing partner of RC Ventures and CEO of GameStop, will pay a $985,320 civil penalty to settle charges that his acquisition of Wells Fargo (WGC) shares violated the Hart-Scott-Rodino Act. According to the complaint, Cohen acquired more than 562,000 Wells Fargo voting securities resulting in aggregated holdings of Wells Fargo securities that exceeded HSR filing thresholds. Cohen's purchase triggered an obligation to file an HSR form with federal antitrust agencies and wait before completing the acquisition, yet Cohen failed to do so, the FTC said in a statement
PayPal announces new partnership with Amazon Buy with Prime
PayPal (PYPL) announced a new partnership with Amazon (AMZN) Buy with Prime. "For participating brands integrating using the Buy with Prime API, PayPal is now available at checkout after shoppers log in to their Amazon account. And starting next year, Prime members will be able to perform a one-time link to their Amazon account to their PayPal account so that Prime free, fast shipping benefits are available automatically whenever they use PayPal while shopping with Buy with Prime on participating merchants' websites," PayPal said in a newsletter to investors.
fresh popcorn 1:50 pm
CVNA new highs!!!!!!!!!!!!!!!!!!!!!
Lou Reeds Hustle bustle..Do, Do, Do, Do da da do, do do da doooooo in da Hizzle...
Can you please pass the popcorn...
🔸THE 50BP VS. 25BP IS NOISE, FOCUS ON THIS INSTEAD SAYS WELLS FARGO
On Wednesday, the FDA granted 510(k) clearance to Vivos Therapeutics, Inc.’s (NASDAQ:VVOS) flagship oral medical device, which is used to treat moderate to severe obstructive sleep apnea (OSA) and snoring in children.
Recent published studies report up to 10.1 million U.S. children (ages 6-17) are estimated to suffer from pediatric OSA.
Vivos’ DNA appliance is non-invasive, safe, comfortable, affordable, and highly effective. It is designed to reduce nighttime snoring and treat moderate to severe obstructive sleep apnea in children aged 6 to 17.
Bausch + Lomb rises 9.9%
Bausch + Lomb is up 9.9%, or $1.84 to $20.40.
we recently had a humpty dumpty market past 9 weeks.🤣
Going to be bumpy at 2pm and beyond
predictions👉️50 basis pts. s&p rally.
UPB in da HIZZLE
U.S. housing starts popped 9.6% to a 1.356 M pace in August
U.S. housing starts popped 9.6% to a 1.356 M pace in August, better than forecast and the best since April.Starts had slumped -6.9% to 1.237 (1.238) M in July, the weakest since May 2020, after bouncing 1.1% to 1.329 M in June. Building permits rose 4.9% to 1.475 M after dropping -3.3% to 1.406 (was 1.396) M.Single family starts surged 15.8% to 0.992 M after plunging -12.8% to 0.857 (was 0.851) M previously. Multi-family starts declined -4.2% to 0.364 M after jumping 9.8% to 0.380 (was 0.387) M.Starts under construction declined -1.9% to 1.509 M follow the -2.0% slide to 1.538 (was 1.539) M.Housing completions bounced 9.2% to 1.788 M after falling -5.1% to 1.637 (was 1.529) M.Building permits rose 4.9% to 1.475 M after dropping -3.3% to 1.406 (was 1.396) M.
Morning Watch List : https://www.optionmillionaires.com/september-18th-2024-watch-list/
Super Size Me?
Cheers can be heard from the investing world as the much-anticipated Fed easing cycle finally begins. It's been four years since the FOMC last cut rates, and 14 months of holding them steady, so today's rate decision, press conference and policy projections will all be a big deal. There's been much debate over how fast the Fed will move as the starting gun is fired, so stay tuned for the headlines on Seeking Alpha starting at 2 PM ET.
Soft landing? While inflation data has drifted downward toward the Fed's 2% goal, unemployment has risen faster than expected since the last FOMC decision in July. That has led to worries by the central bank about cooling labor market conditions, which is harder to stop once demand for workers has softened. It's even prompted to talk about a stronger level of rate cuts, but the majority of Wall Street Breakfast subscribers (79.4%) still expect the Fed to trim its benchmark lending rate by 25 basis points, compared to some (20.6%) who see a 50-bps reduction.
While the pace of the initial cut will be revealed in the coming hours, a bigger area of focus will be the federal funds rate range for the end of 2024, next year, and in the longer term. Look to the FOMC's dot plot for that insight. In the last Summary of Economic Projections, issued on June 12, the median fed funds rate projection was 5.1% at the end of 2024 and 4.1% for 2025, and how much that changes from the prior outlooks will be exceptionally important for investors.
SA commentary: "While the near-term volatility could persist, a more accessible monetary stance should lead to improved growth and increased liquidity, a highly constructive dynamic for high-quality stocks and other risk assets," Investing Group Leader Victor Dergunov wrote in Finally, It's Time To Cut Rates. "Corporate earnings remain healthy, and despite the potential temporary growth slowdown in AI and other segments, we could see improving and better-than-expected earnings in future quarters."
Easing cycle to follow lower inflation and mortgage rates
AI infrastructure
Looking to meet growing demand, BlackRock (BLK) and Microsoft (MSFT) are planning a more than $30B artificial intelligence investment fund to build data centers and energy projects. The Global AI Infrastructure Investment Partnership would be one of the biggest investment vehicles ever raised on Wall Street through Global Infrastructure Partners. Abu Dhabi-backed investment firm MGX and Microsoft are the fund's general partners, and Nvidia (NVDA) is providing expertise. The fund aims to mobilize up to $100B in total investment potential when including debt financing. (12 comments)
Risk premium?
Secretary of State Antony Blinken is in the Middle East for the 10th time since the war in Gaza began nearly a year ago. The conversations in Cairo come after the Biden administration greenlit $1.3B in military aid for Egypt, overriding congressional requirements that the U.S. hold back some funding if adequate progress is not made on human rights. Tensions are also escalating in the region following a pager attack that was widely attributed to Israel and targeted thousands of members of the Lebanese terror group Hezbollah, but oil doesn't appear to be pricing in any risk at the moment. (2 comments)
Next strike
As organized labor notches more wins, around 45K dockworkers have begun threatening industrial action at U.S. East Coast and Gulf of Mexico ports. "A strike on Oct. 1 seems more likely as time is running out," warned the International Longshoremen's Association. Negotiations for a new labor contract have stalled, but the United States Maritime Alliance, which represents port employers including ZIM (ZIM) and Maersk (OTCPK:AMKBY), is willing to resume talks "at any time." A looming strike has raised supply chain concerns ahead of the busy holiday season, with retailers bringing in products earlier or rerouting shipments.
Today's Markets
In Asia, Japan +0.5%. Hong Kong closed. China +0.5%. India -0.2%.
In Europe, at midday, London -0.7%. Paris -0.5%. Frankfurt -0.1%.
Futures at 7:00, Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude -1.5% to $68.93. Gold +0.4% to $2,603.20. Bitcoin +1.1% to $59,892.
Ten-year Treasury Yield unchanged at 3.67%.
Today's Economic Calendar
07:00 AM MBA Mortgage Applications
08:30 AM Housing Starts and Permits
10:00 AM Atlanta Fed's Business Inflation Expectations
10:30 AM EIA Petroleum Status Report
11:00 AM Treasury Buyback Announcement
02:00 PM FOMC Announcement
02:30 PM Fed Chair Press Conference
04:00 PM Treasury International Capital
Companies reporting earnings today »
What else is happening...
Google (GOOGL) wins legal battle against $1.7B EU digital ad case.
JPMorgan may replace Goldman as Apple's (AAPL) credit card partner.
U.S. Steel (X) gains as Nippon (OTCPK:NPSCY) review is extended.
Chevron (CVX) CEO: LNG export pause undermines energy security.
Albertsons falls on last day of FTC trial over Kroger's (KR) $25B deal.
Instagram (META) launches Teen Accounts with parental controls.
Snap (SNAP) releases latest AR glasses, targeted at developers.
SpaceX doubles Starlink Wi-Fi order backlog with UAL contract.
DOT greenlights Alaska Air (ALK)-Hawaiian (HA) $1.9B merger.
Point72's Steve Cohen said to no longer invest clients' capital
MicroStrategy prices upsized $875M convertible senior note offering
MicroStrategy announced the pricing of its offering of $875 million aggregate principal amount of 0.625% convertible senior notes due 2028. The notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. MicroStrategy also granted to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $135 million aggregate principal amount of the notes. The offering was upsized from the previously announced offering of $700 million aggregate principal amount of notes. The offering is expected to close on September 19, 2024, subject to satisfaction of customary closing conditions. The conversion rate for the notes will initially be 5.4589 shares of MicroStrategy class A common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $183.19 per share. The initial conversion price of the notes represents a premium of approximately 40% over the U.S. composite volume weighted average price of MicroStrategy's class A common stock from 1:00 p.m. through 4:00 p.m. Eastern Daylight Time on September 17, 2024, which was $130.8477.
imo, a Harris election win👉️dow jones tests 20k by April 2025 & the American Way Of Life will collapse. fact.
Decreases in stock option open interest $PLTR $QCOM $INTC $SOFI $ASTS $PTON $KSS $WFC $NVDA $RUM $CVNA $SNAP
Decreases in stock option open interest $PLTR $QCOM $INTC $SOFI $ASTS $PTON $KSS $WFC $NVDA $RUM $CVNA $SNAP
Morgan Stanley says early Apple iPhone lead times have 'little predictive power'
Morgan Stanley notes that as of Tuesday, September 17, four days after pre-orders started, Apple iPhone 16 lead times have doubled from last Friday and are longer internationally than in the U.S., but are still tracking lower year-over-year. However, lead times as a proxy for demand this early have "little predictive power," contends the analyst, who argues that the trajectory of lead times in the next 10 days is more important. First two-week lead times are directionally predictive of next 12 month shipments at the model level, but not for December quarter iPhone build revisions or total iPhone shipments, adds the analyst, who sees near-term stock downside of $200 and would be buyers given the firm's view that a multi-year upgrade cycle is "a when, not an if." Morgan Stanley maintains an Overweight rating and $273 price target on Apple shares.
Deutsche Bank 'constructive' after Snap partners summit
Deutsche Bank left Snap's partner summit with "constructive views" on the coming "Simple Snapchat" interface. The interface introduces new monetization formats and aligns the app's functionality with TikTok and Reels, which should bolster higher user engagement, the analyst tells investors in a research note. The firm says the simplified architecture embeds advertising opportunities across all of Snaps' consumer surfaces. Perhaps most importantly, the messaging surface now will feature stories, sponsored snaps, and promoted places, thereby monetizing surfaces that until recently were highly utilized, but under-monetized, says Deutsche Bank. It keeps a Buy rating on Snap shares with a $14 price target.
gm...Hedge fund billionaire and major Trump fundraiser John Paulson said Tuesday he will pull his money out of the market if Vice President Harris wins the presidential election this fall, saying the Democrat nominee's economic policies would spook investors.😱
EA
EA lack of guidance upside led to late-day underperformance, says Morgan Stanley
After Electronic Arts' investor day, Morgan Stanley analyst Matthew Cost said the biggest new data point from the event was EA's goal of significantly outpacing game market growth, which it pegged at 4%, through FY27. All of the financial targets offered were roughly in line with prior expectations and the lack of material upside likely led to EA shares' underperformance in the final hour of trading on September 17, contends the firm, which adds that the $5B, three-year capital return target was significant increase from the past three years, calling this "a clear incremental positive." The firm, which maintains a balanced view of EA and continues to see execution on non-sports titles as the largest potential driver of sentiment and earnings revisions going forward, keeps an Equal Weight rating and $150 price target on the shares.
Increases in stock option open interest $ZI $ROKU $NVDA $INTC $DIS $SLB $CHPT $LAZR $AGNC $CVNA
Cintas price target raised to $225 from $212.50 at Truist
Truist raised the firm's price target on Cintas to $225 from $212.50 and keeps a Buy rating on the shares ahead of the company's Q1 results next week. The firm anticipates another earnings beat against a more difficult comp due to working day headwinds and normalizing price and employment growth, adding that Cintas is poised to continue an impressive beat and raise streak in FY25 even as overall payrolls growth cools, the analyst tells investors in a research note.
U.S. MBA mortgage applications jumped 14.2% in the week ending September 13. It was the fourth consecutive month of improvement, with applications rising 1.4%, 1.6% and 0.5% respectively in the previous three weeks. Purchases rose 5.4%, after an increase of 1.8% in the week prior. Refinancing jumped 24.2%, following a 0.9% improvement in the week ending September 6. The 30-year rate dropped to 6.15% from 6.29%. It stood at 7.31% in the corresponding period of 2023. The 5-year ARM meanwhile declined to 5.66% from 5.85%. It was 6.42% a year earlier.
General Mills backs FY25 adjusted EPS view down 1% to up 1%
Backs FY25 organic net sales view flat to up 1%. Backs FY25 adjusted operating profit down 2% to flat. Backs FY25 free cash flow conversion view at least 95%. The company said, "Amid a continued uncertain macroeconomic backdrop for consumers across its core markets, General Mills expects volume trends in its categories will gradually improve in fiscal 2025, though full-year category dollar growth is expected to be below the company's long-term growth projections. The company expects to accelerate its organic net sales growth by delivering remarkable experiences across its leading food brands, resulting in improved household penetration and stronger market share trends versus the prior year. Its fiscal 2025 plans call for product news and innovation focused on taste, health, convenience, and value, supported with strong brand campaigns and omnichannel visibility. The company expects to generate HMM cost savings of roughly 4 to 5 percent of cost of goods sold, which is expected to exceed its anticipated input cost inflation of 3 to 4 percent of cost of goods sold. Additionally, it expects to reinvest potential margin flexibility back into the business, including plans for a significant increase in brand-building investment in fiscal 2025 to drive improved volume performance.
Upgrades - Sep 18, 2024
$AMBC: Roth/MKM Upgrades to Buy from Neutral - PT $15 (from $13)
$BAK: UBS Upgrades to Buy from Neutral - PT $10 (from $7.70)
$EXR: Jefferies Upgrades to Buy from Hold - PT $204 (from $162)
$GEHC: BTIG Upgrades to Buy from Neutral - PT $100
$NMIH: RBC Capital Upgrades to Outperform from Sector Perform - PT $48 (from $40)
$SIRI: Guggenheim Upgrades to Buy from Neutral - PT $30
$SLG: Compass Point Upgrades to Neutral from Sell - PT $60 (from $35)
$VFC: Barclays Upgrades to Overweight from Equalweight - PT $22 (from $19)
$VSCO: Barclays Upgrades to Equalweight from Underweight - PT $25 (from $23)
Downgrades - Sep 18, 2024
$COR: BofA Downgrades to Neutral from Buy - PT $245 (from $275)
$EW: Jefferies Downgrades to Hold from Buy - PT $70 (from $85)
$INCY: Truist Securities Downgrades to Hold from Buy - PT $74 (from $83)
$POR: Barclays Downgrades to Equalweight from Overweight - PT $49 (from $48)
$RMD: Wolfe Research Downgrades to Underperform from Peerperform - PT $180
Nike price target raised to $84 from $80 at Barclays
Barclays analyst Adrienne Yih raised the firm's price target on Nike to $84 from $80 and keeps an Equal Weight rating on the shares. The firm expects "meaningful pressure" in Nike's fiscal Q1 due to "franchise lifecycle management" and China deceleration, but says expectations appear "sufficiently de-risked." Data checks indicate the company's North America sales may deliver upside, offset by a weakening macro backdrop in China, the analyst tells investors in a research note. In the near-term, Barclays believes Nike's fiscal 2025 guidance is achievable.
Bernstein says iPhone seasonality could be skewed by delayed rollout of AI
Bernstein analyst Toni Sacconaghi notes that reports suggest that the ramp for both iPhone 16 base and Pro models should be relatively normal/strong this year, but iPhone seasonality might be somewhat skewed by the delayed rollout of Apple Intelligence. The firm suspects Apple's advertising activity to step up significantly as AI features are released, potentially leading to somewhat different seasonality for iPhone 16. Bernstein further points out that initial iPhone lead times have historically had limited correlation with the strength of the cycle. With that said, the firm also highlights that Apple's commentary on its Q4 call about iPhone demand and its revenue guidance for the December quarter have historically not been well correlated with the strength of iPhone cycles. Bernstein has an Outperform rating on the shares with a price target of $240.
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FOSL | jimmybob | 02/14/2012 09:54:12 AM |
FOSL and SODA ~ WATCH!!! | jimmybob | 02/14/2012 09:50:52 AM |
uranium-pinto-beans | | Tuesday, February 14, 2012 12:43:05 PM | ||
Re: uranium-pinto-beans post# 82823 | | Post # of 87811 |
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