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S&P 500 - 1.15%
NASDAQ - 1.83%
DJIA - 0.74%
BBWI Covered at 39.50 for .89/SH win. Had a lot of shares, for me.
Was 1 cent from LOD and now it's rising
I'll watch to bop it again, maybe
https://stockcharts.com/h-sc/ui?s=BBWI
ROST covered for 1.00/SH win
that loosened up some dough
Too soon, tho...aleady fallen .50 more
I was anxious for capital..
Up a dollar on my BBBY purchase
This board now has a meme player
I'm amoung the kids, lol
https://stockcharts.com/h-sc/ui?s=BBBY
We're both betting mkt direction is south
I'll ck that out. I know AAPL has been scraping the sky
https://stockcharts.com/h-sc/ui?s=AAPL
Applied Materials (AMAT) Stock Lower After Q3 Earnings, Chip Market Caution
By: TheStreet | August 19, 2022
• "Although we're confident in our ability to perform well in a range of market scenarios, we're mindful of the current macroeconomic trends," said CEO Gary Dickerson.
Applied Materials (AMAT) shares edged modestly higher Friday after the semiconductor equipment maker posted better-than-expected third quarter earnings and a solid, but cautious, near-term outlook.
Adjusted earnings for the three months ending in July, the group's fiscal third quarter, rose 2% from last year to $1.94 per share, firmly topping the Street consensus forecast of $1.79 per share as revenues nudged 5.1% higher to $6.52 billion.
Applied Materials said it sees current quarter revenues in the region of $6.65 billion, with a $400 million error margin on either side, even as CEO Gary Dickerson cautioned that the group would remain "supply-constrained" for the "several quarters".
The group also lowered its 2022 wafer fab equipment industry view to around $90 billion, but said its own WFE revenues would rise 15% in the coming fiscal year. It also expects to slow hiring in order to ensuring the full funding of R&D programs.
"Memory spending is expected to be lower than in 2022 as macro uncertainty and weakness in consumer electronics and PCs causes these customers to defer some capacity additions," CEO Gary Dickerson told investors on a conference call late Thursday.
"Leading-edge foundry-logic looks strong with customers battling for leadership and racing to be first to implement major technology inflections (and) ICAPS customers who serve IoT, communications, auto, power and sensor markets, are reporting areas of strength and weakness," he added. "These customers serve broad and diverse applications. They're seeing softness in consumer-centric markets, which are being impacted by macroeconomic factors."
Applied Materials shares were marked 3% lower in early Friday trading to change hands at $105.07 each, a move that would extend the stock's year-to-date decline to around 34.1%.
"Demand continues to outpace the supply, but weaker memory and consumer centric applications are creating uncertainty for 2023," said D.A. Davison analyst Thomas Diffely, who cut his price target on the group by $15 to $155 per share, while holding his 'buy' rating in place, following last night's earnings.
"Although market demand continues to outpace supply, the current market environment remains challenging (constrained global supply, slowing memory investments, and softness in consumer markets), " he added. "That said, the company should benefit from large backlog levels (3 quarters worth), longer term visibility from its customers and massive investments in capacity."
Read Full Story »»»
DiscoverGold
Bought AAPL puts. Pray for me lol
I bot a couple (literally) shares of BBBY at 10.60 for fun
https://stockcharts.com/h-sc/ui?s=BBBY
The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | August 19, 2022
• Today (8:32 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
Read Full Story »»»
DiscoverGold
Careful driving stuffy. Fellows beside me in this coffee shop talking about a local 45 yr old realtor killed in head on collision last night. Sheesh
Good morning cap.
Just letting the morning pump subside
Good morning all.
S&P 500 - 0.60%
NASDAQ - 0.97%
DJIA - 0.41%
Canada - 0.47%
OPEN
CNBC MORNING SQUAWK
Aug. 19, 2022
1. Rough morning for stocks
The three major U.S. indexes were primed to open in negative territory Friday morning, dimming hopes for a fifth straight winning week for the S&P 500. Stocks have otherwise done pretty well since the brutal first half concluded, but investors are still looking for certainty despite some recent cooling in price increases. The Fed sounds hawkish about raising rates to whip inflation now, or some time soon, at least. There are other issues in the economy, too. While talk of a broader recession might have died down somewhat, housing is facing a real slowdown, particularly on the builders’ side of things. Yet home prices remain high, and people are still paying contractors to do work, according to home improvement giants Home Depot and Lowe’s.
2. Meme king cashes out
Activist investor Ryan Cohen, a favorite of the meme-stock crowd on Reddit’s WallStreetBets forum, is out of Bed Bath & Beyond after all. In a filing Thursday, Cohen’s RC Ventures said it unloaded its entire position in the troubled home goods retailer. Meme investors this week had pushed the stock to highs it hadn’t seen since spring, but the shares tumbled as it became clear over the past couple of days that Cohen would bail on the company after several big moves, including a CEO change in June and a strategic review of the retailer’s Buybuy Baby business. Cohen, who also chairs meme-stock company GameStop, had been pushing for a spinoff or a sale of that unit.
3. Remember crypto?
After a big-time flameout that resulted in several bankruptcies and liquidity crises, interesting things are happening in crypto markets. Early Friday, there was a rapid drop in crypto markets, which sent bitcoin, the biggest cryptocurrency in the world, below $22,000 after it recently topped $25,000 in a rally. Ether has also staged a comeback, a much bigger one than bitcoin’s, since hitting lows in June. The big move in ether comes ahead of a planned upgrade of the ethereum blockchain next month. Both ether and bitcoin are still way off their highs, which they reached in November.
4. Shift at Starbucks
Big changes are afoot at Starbucks. The coffee chain said Thursday that its operating chief, John Culver, will be leaving the company in October after 20 years. It also said it is doing away with the chief operating officer role completely. Culver had been seen as a possible candidate for the CEO role, which Howard Schultz slid into earlier this year on an interim basis after Kevin Johnson retired. It’s Schultz’s third tenure as Starbucks’ chief executive, although many on Wall Street expect the company to name a successor next month at its investor day. The next CEO will have to confront a growing unionization drive at the company’s coffee shops.
5.politics
— CNBC's Jesse Pound, Diana Olick, Jack Stebbins, Amelia Lucas, Jenni Reid and Arjun Kharpal contributed to this report.
Red morning on tap.. https://finviz.com/futures.ashx
Nat gas rug pulled. The inventory report was a disaster yesterday, meaning way low.
Nat Gas spiked, then the big boys took profits. They were waiting for the report.
Whoo hoo I own REGN!
Good morning everyone! On my to gas up, ice up and set up.
I have my rake and I am looking to use it!
Now a $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ game, more so than ever !
GM ~~~ spent 15 minutes late yesterday posting on NOLIB ~~~ just could not get my posts to work ~~~ even sent inquiry to admin, ~~~~~ Duh, it's only Thursday <<<<< Welcome to retirement !!! <vbg>
Feeling better, hope so !!! HAGO everyone !!!
Have a money making day everyone, I cannot stay to play!
~~POOF~~
AXSM $42.43> Gains 19% as FDA approves depression therapy oral drug
Foot Locker, GAAP EPS of $1.10 beats by $0.29, rev inline, updates guidance
Buckle-GAPP EPS $1.10 beats by $.11, rev of $301.98M misses by $2.35M
Starbucks, put on watch for updates on guidance, initiatives and a new CEO
on tap for next month
REGN $624.83-WHO recommends use of two antibody drugs against Ebola
FUTURES-LOTS of RED. DOW -279.00 , S&P -$40.50, Nas -$142.75
IMRN $2.62 Immuron suspends research on Covid-19 program
BIG 10, sets multi-billion-dollar media deal with three major networks
The Big Ten's new $7 billion media rights deal will string the conference’s top football games across three major networks each week, creating an NFL-style television schedule on Saturdays.
The Big Ten announced Thursday it has reached seven-year agreements with Fox, CBS and NBC to share the rights to the conference’s football and basketball games.
Full @
https://www.washingtonpost.com/sports/colleges/b1g-deal-big-ten-lands-7-billion-nfl-style-tv-contracts/2022/08/18/d443c214-1ef9-11ed-9ce6-68253bd31864_story.html
Deere GAAP EPS of $6.16 misses $0.53 rev of $14.1B beats by $1.26B
Survey finds 50% of companies want to cut headcount: Morning brief
https://finance.yahoo.com/news/morning-brief-companies-lower-headcount-093038889.html
Dollar back on the march
UP 15% over the past year
Almost a month on the back foot, the U.S. dollar is on the rise again and shaping up for its best week since March.
A darkening inflation picture in Europe, China's economic stumble and falling interest rates, and Federal Reserve hawkishness ahead of its annual Jackson Hole symposium next week are all conspiring to lift the greenback again.
continue
https://www.reuters.com/markets/europe/global-markets-view-usa-2022-08-19/
Across the World Coal Power is back
https://www.zerohedge.com/energy/across-world-coal-power-back
Cryptos fall, BBBY shares continue drop and more: Friday's Five things to know
Keep an eye on Bill.com which is on the rise as well as shares of
a rare Chinese initial public offering on the Nasdaq
BBBY are plunging another 41% premarket
Kohl's cut annual forecasts as inflation squeezes demand
full https://www.foxbusiness.com/markets/cryptos-fall-bbby-continues-drop-fridays-5-things-know
Fed united on need for higher rates, divided over how high
The Federal Reserve needs to keep raising borrowing costs to bring high inflation under control, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them.
St. Louis Fed President James Bullard, who was among the central bank's earliest advocates last year of a more muscular response to fast-building price pressures, said that given the strength of the economy he is currently leaning toward supporting a third straight 75-basis-point interest rate hike in September.
"I don't really see why you want to drag out interest rate increases into next year,"
he Wall Street Journal, saying he would like to get the Fed's benchmark overnight interest rate to a target range of 3.75% to 4.00% by the end of this year. The Fed's policy rate is currently 2.25%-2.50%.
Earlier on Thursday, San Francisco Fed President Mary Daly said hiking rates by 50 or 75 basis points at the Fed's next policy meeting on Sept. 20-21 would be a "reasonable" way to get short-term borrowing costs to "a little bit above" 3% by the end of this year, and on their way to a little bit higher in 2023.
Cont https://www.reuters.com/markets/us/feds-daly-50-bps-or-75-bps-sept-rate-hike-reasonable-2022-08-18/
Stock futures fall, putting S&P 500 on track to snap a 4-week winning streak ...
Pimco Spends Billions Buying Assets Depressed by Recession Fears
August 19th, 2022 5:25 AM EDT
The Newport Beach, California-based fund manager has spent more than
$2 billion in recent months to buy leveraged debt backing consumer companies that banks had struggled to offload. The purchases are part of a broader strategy at the firm to capitalize on depressed prices, according to people familiar with the matter, who asked not to be named because details are private.
Full @
https://www.bloomberg.com/news/articles/2022-08-19/pimco-spends-billions-buying-assets-depressed-by-recession-fears?srnd=markets-vp
Gold down $4.50 ~ Oil down $1+ ..
September Almanac: Only 4 NASDAQ Wins in Last 12 Midterm Septembers
By: Almanac Trader | August 18, 2022
Since 1950, September is the worst performing month of the year for DJIA, S&P 500, NASDAQ (since 1971), Russell 1000 and Russell 2000 (since 1979). September was creamed four years straight from 1999-2002 after four solid years from 1995-1998 during the dot.com bubble madness. Although September’s overall rank improves modestly in midterm years going back to 1950, average losses widen for DJIA (–0.8%), NASDAQ (–0.8%), Russell 1000 (–1.0%) and Russell 2000 (–0.8%). S&P 500’s average September loss improves slightly from –0.5% to –0.4% in midterm years. Although September 2002 does influence the average declines, the fact remains DJIA has declined in 11 of the last 18 midterm-year Septembers.
Read Full Story »»»
DiscoverGold
Bulls Set a New High
By: Bespoke Investment Group | August 18, 2022
Bullish sentiment continued its recent run of increases according to the weekly AAII individual investor sentiment survey. Hitting 33.3% this week, bulls are at the highest level since the last week of 2021. That 2022 is nearly 2/3 complete and we still haven't seen a bullish reading over 33.3% tells you how negative investors have been this year.
Bears also ticked up this week reaching 37.2% versus 36.7% last week. While bearish sentiment has only been below 40% for three weeks in a row, that is the longest stretch of sub-40% readings since the start of the year.
With more bears than bulls once again this week, the bull-bear spread has now been negative for 20 straight weeks.
With both bulls and bears higher, neutral sentiment was the only reading to fall this week. Neutral sentiment dropped 1.7 percentage points from 31.2% down to 29.5%. That was only the lowest reading in four weeks as neutral sentiment sits the closest to its historical average of 31.4%.
Read Full Story »»»
DiscoverGold
I think tomorrow will be a big day for me.
My two shorts. BBWI & ROST should drop bc the meme kids were squeezing these shorts and they'll have margin calls up the wazoo from owning their fav, BBBY (-56%), on margin.
Without meme interference, BBWI & ROST will fall by their own weight.
Apple (AAPL) Could Apple's epic run be coming to an end?
By: TrendSpider | August 18, 2022
• $AAPL Could Apple's epic run be coming to an end?
The stock has it's worst performing month on deck with only a 34% win rate in September.
Read Full Story »»»
DiscoverGold
$PG Procter & Gamble insiders unloading some serious size this month
By: TrendSpider | August 18, 2022
• $PG Procter & Gamble insiders unloading some serious size this month.
Read Full Story »»»
***Verifying: http://openinsider.com/search?q=PG
DiscoverGold
Global Central Bank Update
By: Charlie Bilello | August 18, 2022
• Global Central Bank Update:
-Norway: 50 bps hike to 1.75% (5th hike).
-Philippines: 50 bps hike to 3.75% (4th hike).
-Turkey: 100 bps cut to 13.00% (5th rate cut despite inflation rising to 80% and currency collapsing).
Read Full Story »»»
DiscoverGold
Cathie Wood & Ark Invest's today trade activity
By: Ark Invest Daily | August 18, 2022
• Cathie Wood & Ark Invest's trade activity from today 8/18.
Read Full Story »»»
DiscoverGold
US Equity Fund Inflows $7.3 Billion; Taxable Bond Fund Inflows $5.7 Billion
By: Refinitiv | August 18, 2022
• FUND FLOW REPORTS FOR THE WEEK ENDED 08/17 ARE NOW AVAILABLE.
For the week ended 08/17/2022 ExETFs - All Equity funds report net outflows totaling -$4.439 billion, with Domestic Equity funds reporting net outflows of -$3.289 billion and Non-Domestic Equity funds reporting net outflows of -$1.150 billion...ExETFs - Emerging Markets Equity funds report net outflows of -$0.128 billion...Net inflows are reported for All Taxable Bond funds of $5.740 billion, bringing the rate of inflows for the $3.633 trillion sector to $3.207 billion/week...International & Global Debt funds posted net inflows of $0.470 billion...Net inflows of $3.485 billion were reported for Corp-Investment Grade funds while High Yield funds reported net inflows of $1.464 billion...Money Market funds reported net inflows of $3.038 billion...ExETFs - Municipal Bond funds report net inflows of $0.050 billion.
Read Full Story »»»
DiscoverGold
The truely sad thing is a ton of these meme chasing, wall st bets/reddit, robin hood newbees are going to be broke in the morning. They did not understand how sudden it all can change. I imagine the majority were using margin, so they are effectively wiped out.
It will be a hard lesson for them.
Three lessons for newbees, the next time around:
+Always feather in and out
+Take profits
+Do not believe anything read on a stock board.
Sorry for you guys,
MG
BED BATH & BEYOND INC
$18.55 -4.53 (-19.63%)
As of Aug-18-2022 4:00PM ET
And then After-Hours Session
BBBY After-Hours Quotes
Data last updated Aug 18, 2022 08:00 PM ET.
This page will resume updating on Aug 19, 2022 04:00 PM ET.
Consolidated Last Sale $10.27 -12.81 (-55.50%)
This Cohen did a rug pull and made millions. Those meme chasing newbees are going to wake up to depleted accounts, if they were using margin and I imagine the majority were.
I tried to short BBBY yesterday but there were no borrows.
MG
RC Ventures, the firm run by activist investor Ryan Cohen, has sold its entire Bed Bath & Beyond BBBY –19.63% stake for $1.78 billion. The sales came this week as shares benefited from a meme-fueled rally.
Yahoo Finance US
Ryan Cohen sells entire stake in Bed Bath & Beyond
GameStop chairman Ryan Cohen has sold his entire position in Bed Bath & Beyond (BBBY), a filing with the SEC on Thursday revealed.
Cohen had owned stock and options representing over 9.4 million shares of the retailer, or 11.8% of the company.
In addition to news Cohen sold his stake in Bed, Bath & Beyond, Bloomberg reported late Thursday the company has hired law firm Kirkland & Ellis to address its swelling debt load.
Shares of Bed Bath & Beyond were down as much as 34% in after-hours trading following this news.
The confirmation of Cohen's sale comes just a day after Cohen's RC Ventures filed a Form 144 with the Securities and Exchange Commission outlining plans to unload the stake. Bed Bath & Beyond shares fell more than 19% on Wednesday.
Cohen's filing with the SEC on Thursday revealed the position was sold down during Tuesday and Wednesday's trading sessions.
Ryan Cohen's RC Ventures exited its position in Bed Bath & Beyond over the course of Tuesday and Wednesday's trading sessions. (Source: SEC)
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DISCLAIMER:
1. DO THE MATH!!! - Before placing any trade, do the math. Where is the trigger? Where is the proper stop based on the chart setup? How many shares should I buy? This is easy to figure out. You never want to lose more than 1% of your trading account balance on any given trade. So, if you have a $30,000 account, your maximum acceptable loss on any given trade should be $300. If the stop is .20 cents below the entry price (again, based on the chart setup), then you should not buy more than 1500 shares (for the purpose of this lesson I have left commissions out of the equation for simplicity).
2. PAY YOURSELF!!! - Once you have a small profit (I use a dime as a rough personal guideline) sell part of your position and move your stop to breakeven on the rest. You will have very few losing trades if you do this, and the losses you do have will be small.
3. STOP TRADING!!! - What do I mean by this? If you hit your daily goal (everyone should have one and make it realistic) stop trading. Afternoons are tougher to trade than mornings anyway, so take the money and run....tomorrow is another day.
4. STOP TRADING!!! - Didn't we go over this already? Well, this one has another meaning. If you lose 1/2 the amount of your daily goal, stop trading and come back tomorrow. For instance, if your goal is to make $500 a day, and you are down $250 on the day, quit for the day. This is the best way to avoid falling into a 'trading death spiral'.
DOW 30 HEATMAP
http://www.stockmarketdrama.com/dow30heatmap.php
http://finviz.com/futures_charts.ashx?p=m5
This is a great free site to get some good info about technical analysis.
www.informedtrades.com/trades.php
http://stockcharts.com/school/doku.php?id=chart_school
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns
Charting tools
http://www.stockcharts.com
http://www.chartpatterns.com
http://stockcharts.com/education/IndicatorAnalysis/
http://www.investopedia.com/categories/technicalanalysis.asp
http://www.candlesticker.com/Default.asp
http://candlestickforum.com/PPF/Parameters/16_332_/candlestick.asp
http://www.incrediblecharts.com/technical/candlesticks.htm
http://www.chartpatterns.com/
http://www.investopedia.com/university/technical/techanalysis8.asp
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators
http://www.freestockcharts.com/
http://www.barchart.com/
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