| | | | DOW 31,104.97 | -3.94% | | | | S&P 3,932.69 | -4.32% | | | | NASDAQ 11,633.57 | -5.16% | | | | *As of market close | | • | Markets sank on Tuesday, with the market logging its worst day in 2022. | | • | Oil dipped 0.3 percent, to $87.52 per barrel. | | • | Gold sank 1.6 percent, last going for about $1,713 per ounce. | | • | Cryptocurrencies dropped, with Bitcoin at $20,320 at the stock market close. | | | | | | | | | | Look For Companies Trading for Less than the Sum of Their Parts | | | | Some companies are simple, offering only one product or service. Others have many parts. And in bear markets, complicated companies may end up trading for less than the sum of their parts. That can attract value investors, as well as activist investors. Investors who can determine the true value of a company with a large number of different moving parts can potentially see big returns when there's a divestment, successful activist investment, or even just a market turnaround. » FULL STORY | | | | | | Insider Trading Report: Tilly's (TLYS) | | | | Michael Henry, CFO at Tilly's (TLYS), recently picked up 2,300 shares. The buy increased his holdings by about 7 percent, and came to a total cost just under $16,000. This is the CFO's first buy since back in July, and following up on two more buys in June, following a big drop in the share price. These buys have occurred amid a backdrop of insider sales in the past year. Over the past three years, insider buys and sells have been a bit more even. » FULL STORY | | | | | | Unusual Options Activity: Coca-Cola (KO) | | | | Shares of beverage giant Coca-Cola (KO) have handily beaten the bear market of 2022 with an 11 percent gain in the past year. One trader sees the stock giving back some of that outperformance in the months ahead. That's based on the December $47.50 put. With 93 days until expiration, 6,800 contracts traded compared to a prior open interest of 216, for a 31-fold rise in volume on the trade. The buyer of the puts paid $0.23 to make the bet.
» FULL STORY | | | | | | • | Inflation Rose 0.1 Percent in August
The latest consumer price inflation (CPI) data shows a 0.1 percent increase for August. That goes against expectations for a further decrease following such a drop in July. While gas prices fell steeply, increases in food, shelter, and medical care services resulted in the overall increase. | | | | • | Incomes Flat Last Year as Inflation Soared
According to the latest data from the Census Bureau, US household income held steady at around $70,800. That follows on a slight decrease in incomes in 2020, during the pandemic. With inflation rising during this timeframe, the lack of any household growth suggests that households lost out in real, inflation-adjusted terms. | | | | • | 15,000 Nurses Go on Strike in Minnesota
Amid a number of possible strikes this week, the largest so far has been a group of about 15,000 nurses in Minnesota. They work at 13 hospitals, and are fighting for better staffing and care for their patients, not for higher wages per se. That's in line with statements from other labor unions preparing to go on strike at present. | | | | • | Meta Announces "Community Chat" Feature on Messenger
Messenger, the popular chat feature broken off of Meta Platforms (META) owned Facebook, is adding a "community chat" feature. That will give the platform the ability to act more like the platform Discord, and offer audio and video channels for real-time discussions. | | | | • | Fidelity Looks to Add Bitcoin Options for Individual Investors
Fidelity Investments is considering allowing individual investors to trade Bitcoin on its platform. With 34.4 million customers, that would greatly increase exposure to Bitcoin in a traditional brokerage account, as opposed to having to create a separate account. At present, no other cryptos are being considered for investment. | | | | | | TOP | | CTVA | 0.869% | | | TWTR | 0.797% | | | CF | 0.674% | | | ALB | 0.377% | | | MOS | 0.324% | | | BOTTOM | | EMN | 11.342% | | | NVDA | 9.473% | | | META | 9.369% | | | LUMN | 9.136% | | | WDC | 9.129% | | | | | | | | | That 3,900 level on the S&P 500 is important technically, and the move that we saw off of it has been fairly strong at this point. I don't know if it is strong enough to call it a very clear reversal, but in terms of the breadth and strength of the bounce it has been reasonably encouraging. You saw this in the June rally as well where the [stock] market kind of bought into this possibility of a Fed pivot or a less-difficult outcome for the economy, but the bond market never really did. ... And by and large, that's what you saw last week as well. | | - Jeff Mills, analyst at Bryn Mawr Trust, on why the stock market may be losing some steam again after its recent rally given the weaker technical indicators at play. | | | | The Future of Trading with A.I. is Here | | | | | Dear Trader,
Did you know A.I. is the battle-tested technology that can help you make the most calculated trading decisions with impeccably precise timing?
It was built for this volatile market.
Humans simply can't compete with artificial intelligence when it comes to making trading decisions.
So, if you're looking to find the best trades in the markets, no matter the overall direction, you need to let the machines do the work.
Find out how by clicking here and get ready envision how you can vastly improve your trading experience.
We forecast for over 2,300 stocks, ETFs, Futures, Forex Pairs, and Cryptocurrencies.
There are no replays. Registrations close quickly, so hurry and save your spot now!
| | |
No comments:
Post a Comment