Traders Market Weekly: December 27 2020 – January 2 2021

Viewing 15 posts - 1 through 15 (of 22 total)
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    [color=purple][i][b]Where have we been and where are we . Wishing all a great & safe final week of 2020 🙂
    Markets are higher as both the budget & relief “pork” laden bills were signed last night in a surprise move 😆
    BREXIT is also getting wrapped up & corporation TAXs are likely to go from 22% to 28% in 2021 :woohoo:
    Markets are still defying gravity at record highs in the middle of a pandemic & dark winter :ohmy:
    Still we can keep the candles of HOPE burning & do best we can each day & into the NEW YEAR 8)[/b][/i][/color]



    [color=purple][size=5]After an insane Santa rally – Santa is obviously on the blockchain we come into year end – how did we set up for 2021?

    Happy New Year everyone![/size][/color]


    Gapping down
    In reaction to earnings/guidance:

    WB -1.5%

    Other news:

    NNDM -11.1% (prices offering of 33,333,334 of the Company’s American Depositary Shares at a price of $7.50 per ADS)
    BABA -1.5% (Chinese gov’t tighten restrictions on Ant Grp; shares fall in Hong Kong)
    VXX -1.2% (trading lower with strength in US futures)

    Analyst comments:

    OCUL -2.9% (downgraded to Neutral from Buy at H.C. Wainwright)
    CNSP -2.8% (downgraded to Neutral from Buy at Ladenburg Thalmann)


    Gapping up

    Select index ETFs showing strength:

    IWM +1.5%, SPY +0.7%, QQQ +0.7%, DIA +0.6%

    Other news:

    MYOV +20% (Myovant Sciences and Pfizer (PFE) to collaborate to develop and commercialize Relugolix)
    IDEX +15.9% (announces purchase agreement for 2,000 units of D1, BYD’s custom electric ride-hailing vehicle)
    IMV +8.9% (provides update on COVID-19 vaccine program; Preclinical safety, long duration of antibody titers and potential for protection demonstrated in preclinical immunogenicity and challenge studies)
    AZN +4.3% (AstraZeneca and Merck (MRK) receive retrieve approval in Japan for Lynparza treatment of advanced ovarian, prostate and pancreatic cancers)
    CCM +3% (announces divestment of Singapore Concord International Hospital)
    KTOS +2.2% (Kratos Defense and Security announced today that Kratos will receive an additional $3,570,194 from the U.S. Navy for the next option of its Contractor Logistics Support (CLS) and Engineering Services contract supporting BQM-177A aerial target system operations)
    CARA +1.9% (submits new drug application to FDA for Korsuva injection in hemodialysis patients with moderate-to-severe pruritus)
    HGEN +1.9% (secures US patent for lenzilumab in preventing cytokine storm and neurotoxicity related to CAR-T Cell Therapy)
    FHN +1.3% (provides results of company-run stress test)

    Analyst comments:

    KNTE +7.8% (initiated with a Buy at Goldman, among others)
    AMST +6.8% (initiated with a Speculative Buy at The Benchmark Company)
    PAE +1.2% (initiated with an Overweight at Morgan Stanley)


    Seems that Trump signing at the last minute achieved it’s purpose
    US equities new record highs[/b][/size][/color]

    S&P 500 over Dec 18 high, up 26 points to 3729

    ‘Santa Claus’ rally week as tax-loss selling runs out.


    US Auctioned $59B of 5 year notes at high yield of 0.394%
    WI 0.391%

    The bid to cover 2.39 x vs.2.38x last auction
    The dealers took 24.92%
    Directs took 18.0% vs. 14.3% last auction
    Indirects took 7.1% vs. 56.5% last month

    US auctioned treasury $58 billion of 2 year notes at high yield came 0.137%

    vs. 0.165% last month
    Bid to cover 2.45x vs 2.71x last month
    Directs 17.5% vs. 15.7% last month
    Indirects 49.2% vs. 46.0% last month


    [color=green][i][b]WOW … +250 on DOW — Even in midst of Pandemic, #45 (lol), and U/E on main street :sick:
    TRILLIONS of $$$$$ infused into economy is driving EQUITIES into orbit 😳
    Just as we even found out STAR TREK Scotty’s ashes got secretly aboard IIS 12 years ago 😉
    And we cannot “fight” ZIRP and a bond-buying FED :whistle:
    I would be cautious as everyone parties like it’s 1929 or 1999 :ohmy:
    and some sheep could be later sheared later :whistle:[/b][/i][/color]


    [color=limegreen][size=5][b]Dow 30,403.97 204.10 0.68%
    S&P 500 3,735.36 32.30 0.87%
    Nasdaq 12,899.42 94.69 0.74%
    GlobalDow 3,465.78 17.40 0.50%
    Gold 1,877.20 -6.00 -0.32%
    Oil 47.67 -0.56 -1.16%[/b][/size][/color]


    [color=red][size=4][b]Gapping down
    Select European financials showing weakness:

    LYG -3.9%, BCS -0.9%, DB -0.8%


    ARCT -36.3% (provides updated clinical and preclinical data on COVID vaccine ARCT-021)
    VXX -1% (weakness upon early rise in US futures)


    Gapping up


    AMPH +15.7% (announces approval for glucagon for injection Kit, 1mg)
    QTRX +6.1% (receives Emergency Use Authorization from FDA for semi-quantitative antibody test)
    ABCL +4.7% (Peter Thiel discloses 5.3% stake)
    NVRO +4.4% (submits pre-market approval supplement to the FDA to seek approval of its Senza System)
    MNOV +4.2% (receives notice of allowance for new patent covering MN-166 for the treatment of progressive MS)
    FUBO +3.5% (Islet Mgmt discloses 7.44% stake)
    ALKS +3.1% (FDA has acknowledged receipt of the company’s NDA resubmission for ALKS 3831 for the treatment of adults with schizophrenia and adults with bipolar I disorder; PDUFA of June 1, 2021)
    PSTI +2.4% (entered into a collaboration agreement with Innovare R&D to expand its ongoing clinical program of PLX cells in the treatment of ARDS associated with COVID-19 in Mexico)
    PS +2.3% (large shareholder sends letter to co expressing concerns about proposed sale)
    EYEN +1.9% (submits new drug application to FDA for pharmacologic mydriasis with MydCombi targeting 80 million patient encounters in the US annually)
    IVR +1.3% (increases dividend)
    GORO +1.3% (reports fatality at Arista mine in Oaxaca)
    NVO +1.3% (files for EU regulatory approval of once-weekly semaglutide 2.0 mg for the treatment of type 2 diabetes)
    YSG +1.2% (enters into strategic collaboration with Sensient Technologies)
    CZR +0.9% (receives HSR clearance for proposed combination with William Hill)

    Analyst comments:

    CLR +3.3% (upgraded to Overweight from Sector Weight at KeyBanc Capital Markets)
    YQ +2.4% (initiated with a Buy at Goldman)
    COLL +0.8% (Top Pick for 2021 at Needham)


    [size=5][color=red][b]Dow 30,335.67 -68.30 -0.22%
    S&P 500 3,727.04 -8.32 -0.22%
    Nasdaq 12,850.22 -49.20 -0.38%
    GlobalDow 3,485.52 6.87 0.20%
    Gold 1,882.50 -0.40 -0.02%
    Oil 48.38 0.38 0.79%[/b][/color][/size]

    Great NEW YEARS song from one of my favorite indie bands 8)


    [size=5][b]THE CHECK IS IN THE MAIL
    IRS & Treasury started distribution of direct deposits & paper checks on TUESDAY


    [size=5][b]COVID-19 computer scams – In-depth warning by CNBC for 2nd wave of stimulus checks

    [b][color=purple][size=4][i]QUOTE —- Americans lost over $211 million to Covid-19 scams and stimulus payment fraud, according to the Federal Trade Commission. Since January, the agency has received over 275,600 complaints.  While fraud activity is down from the highs recorded earlier in the year, it will likely pick back up now that President Donald Trump has signed the $900 billion pandemic relief package, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.

    That’s because the legislation includes provisions for a second round of stimulus payments, up to $600 per individual, including dependent children under age 17, if you’re an individual who earned less than $75,000 ($150,000 for those married filing jointly) in 2019. Stimulus payments start to phase out if you earned more than that, stopping completely for those with adjusted gross incomes of $87,000 or more ($174,000 for married couples).

    1. Unsolicited calls or emails
    2. Messages that ask to “verify” or provide information
    3. High-pressure tactics
    4. There’s a fee involved
    5. Lookalike checks


    [color=green][size=5][b]Dow 30,409.56 73.89 0.24%
    S&P 500 3,732.04 5.00 0.13%
    Nasdaq 12,870.00 19.78 0.15%
    GlobalDow 3,486.11 7.46 0.21%
    Gold 1,898.40 15.50 0.82%
    Oil 48.34 0.34 0.71%[/b][/size][/color]


    [color=purple][size=5][i]HAPPY NEW YEAR’S EVE — 2021 has already arrived in New Zealand
    and other nearby countries — as the timeline races ahead to USA 8)[/i][/size][/color]

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