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[color=purple][i][b]Where have we been and where are we … Wishing all a good & safe week ahead 🙂
DOW Futures down a little at -150 to start week — as likely some profit taking & concerns :ohmy:
will factor in to shear a few sheep … as the Pit Traders & banksters round out the year :whistle:
Hopeful vaccine works out well & that our last month of 2020 is a good one for both man & beast :lol:[/b][/i][/color][article]2257[/article]
[color=brown][b][i]YAY — HUNTING SEASON (MAIN PART) HAS ENDED 8)
LIGHT SNOW COMING TUESDAY IN SW VA MOUNTAINS AS WINTER IS ON THE WAY[/i][/b][/color] 8)
[size=4][b][color=blue]Good MONDAY morning to all … Futures continue to fall as redwoods can only grow so tall :whistle:
— but ONLINE sales did set records to offset this some
https://www.marketwatch.com/story/black-friday-traffic-at-u-s-stores-down-52-even-as-online-retail-sales-hit-record-high-01606666788%5B/b%5D%5B/size%5D[b]HOUSTON :ohmy:
and in crazy weather of 2020 — in SW VA we set record for rainfall with over 60″ :unsure: [/i] [/color]
https://www.accuweather.com/en/winter-weather/winterlike-cold-blast-set-to-cause-south-to-shiver/857550%5B/b%5D
Even very late tropical storm chance (40%) off coast of Spain at NOAA NHC :woohoo:
[color=red][size=5][b]Dow 29,638.64 -271.73 -0.91%
S&P 500 3,621.63 -16.72 -0.46%
Nasdaq 12,198.74 -7.11 -0.06%
GlobalDow 3,348.34 -58.33 -1.71%
Gold 1,779.20 -8.90 -0.50%
Oil 45.05 -0.48 -1.05%[/b][/size][/color]
[color=green][size=5][b]Buckle up $TSLA Punters
S&P Will Add #Tesla To S&P 500 $SPX Prior To Open Dec 21
Just In Time For ChristmasTesla To BE Added At Full Float Adjusted Market Cap Weight[/b][/size][/color]
Gapping down
In reaction to earnings/guidance:ZM -6.7%, MOMO -1.9%
Other news:
COGT -9.8% (stock offering)
ARRY -6.8% (stock offering)
NOVA -5.9% (prices primary and secondary offering consisting of 7 mln shares of common stock at $37.00 per share)
FOUR -4.7% (stock offering and convertible notes offering)
NEP -4.6% (convertible notes offering)
OSH -4.5% (stock offering)
DADA -4.1% (stock offering)
ELAN -3.4% (prices offering of 54.5 mln shares of common stock by Bayer AG at $30.25 per share)
NTLA -2.2% (stock offering)
OM -1.6% (stock offering)Analyst comments:
BNTX -1.1% (BioNTech and Pfizer submit Conditional Marketing Authorization application for COVID-19 vaccine to the EMA)
FSLR -3.6% (downgraded to Underweight from Equal Weight at Barclays)
SAGE -2.1% (downgraded to Mkt Perform from Outperform at Raymond James)
BNTX -1% (downgraded to Neutral from Buy at BofA Securities)
APPN -0.7% (downgraded to Underweight from Equal Weight at Barclays)Gapping up
In reaction to earnings/guidance:BMO +1.8%, UNH +1.4% (guidance update) WYND +1.1% (reaffirms Q4 outlook and provides updated metrics) BNS +0.7%
Other news:
HEXO +21.4% (has repositioned the UP Cannabis brand with a differentiator of 20% THC or higher in all dried flower products)
MRNA +10.3% (FDA schedules meeting for Dec 17)
CFII +9.7% (enters into definitive merger agreement with View)
APG +9% (authorized a stock repurchase program to purchase up to an aggregate of $100 million of shares)
CAAP +8.3% (to extend the Aeropuertos Argentina 2000 concession)
AXSM +8.3% (announces positive efficacy and safety results from phase 3 COMET long-term trial and COMET-AU trial of AXS-05 in major depressive disorder)
NEPT +8% (completes strategic transition from extraction to cannabis consumer packaged goods; expects the pivot to B2C branded product revenue across new categories)
AGIO +6.9% (announces the Phase 3 activate trial of mitapivat achieved its primary endpoint in adults with pyruvate kinase deficiency who are not regularly transfused)
XPEV +6.6% (reports November deliveries increased 342% yr/yr to 4,224 vehicles)
TSLA +5% (to be implemented into S&P 500 Monday Dec 21)
FSM +4.7% (provides update on status of disputed royalty at the San Jose Mine)
SU +4.1% (announces 2021 production outlook)
SOL +3.9% (signed a power purchase agreement for a solar and battery system with Northern California-based Valley Clean Energy, a public electricity provider serving over 125,000 customers)
GLPG +3.5% (reports “positive” top-line results for GLPG1205)
SSRM +3.2% (reports positive results of the Çöpler District Master Plan Studies)
NIO +2.8% (reports November deliveries increased 109.3% yr/yr to 5,291 vehicles)
YSG +2.6% (Tiger Global Mgmt discloses 6.6% stake)
XOM +2.1% (to prioritize capital investments on high-value assets)
ACM +2.1% (Starboard (Jeffrey C. Smith) affirms holding as a 5.2% active stake)
PFE +2.1% (BioNTech and Pfizer submit Conditional Marketing Authorization application for COVID-19 vaccine to the EMA)
AAPL +2% (hires a prominent venture capitalist for App Store, according to Bloomberg)
MGNX +1.9% (partners with EVERSANA to commercialize margetuximab in US)
WYNN +1.7% (amends existing credit agreement)
AA +1.6% (to sell its rolling mill business, held by Alcoa Warrick)
ENB +1.6% (says the Line 3 Replacement Project can now start construction)
KALU +1.6% (S&P ratings placed on CreditWatch Negative on mill acquisition)
NDAQ +1.6% (to advance diversity through new proposed listing requirements)Analyst comments:
NCR +4.3% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
SCHW +2.8% (upgraded to Overweight from Equal Weight at Wells Fargo)
FDX +1.6% (upgraded to Overweight from Equal Weight at Barclays)
SO +1.2% (upgraded to Overweight from Equal Weight at Wells Fargo)
VRSK +1.2% (upgraded to Buy from Hold at Truist)The Canadian government plans to introduce a digital sales tax in a bid to raise funds for a public childcare system.
The levy will apply to foreign streaming services such as Netflix, but it will be paid by customers, not by the companies themselves.
The Canadian government expects to raise CA$1.2B (US$930M) over the next five years through the levies, which will be collected by digital companies on behalf of the tax office, said Finance Minister Chrystia Freeland. Ottawa also plans to introduce a tax on short-term accommodations that will apply to Airbnb.
[size=5][b][color=green]Dow 29,823.92 185.28 0.63%
S&P 500 3,662.45 40.82 1.13%
Nasdaq 12,355.11 156.37 1.28% [/color]
GlobalDow 3,397.42 -9.25 -0.27%
Gold 1,818.40 37.50 2.11%
Oil 44.55 -0.79 -1.74% [/b][/size]Gapping down
In reaction to earnings/guidance:SOL -13.2%, ROOT -8.8%, BOX -7.1%, CRM -5.3% (also announces deal to acquire WORK), TCOM -4%, IPAR -2.2% (guides FY21 EPS and revs below consensus), VEEV -1.8%
Other news:
OVID -51.3% (says primary endpoint of NEPTUNE study was not achieved)
FCEL -21.2% (prices offering of 34,518,539 shares of common stock at $6.50 per share)
WKHS -20.2% (Trucks.com report relating to postal service delaying contract again)
AQUA -10.6% (prices secondary public offering of 12 mln shares of common stock by shareholders including affiliates of AEA Investors that is expected to result in gross proceeds of ~$301.8 mln)
RETA -7.5% (prices offering of 2 mln shares of common stock at $140.85 per share)
SYNH -7.2% (stock offering)
JBLU -6.1% (stock offering)
BGNE -5.9% (prices offering of 1,511,546 ADSs by selling shareholders at $225.00 per ADS)
NTLA -5.3% (prices offering of 4,794,521 shares of its common stock at $36.50 per share)
MCRI -4.4% (City Council approves ordinance allowing for unrestricted bet limits)
CMBM -3.9% (stock offering)
ZI -3.8% (prices offering of 12.5 mln shares of common stock at $45.00 per share)
LI -3.7% (reports November deliveries of 4,646 Li ONEs)
BNR -2.8% (stock offering)
AVLR -2.8% (acquired Impendulo Limited, a London-based provider of insurance tax compliance solutions)
TWST -2.6% (stock offering)
REXR -2.3% (prices offering of 6 mln shares of common stock for gross proceeds of approximately $284.4 mln)
TRUP -1.6% (stock offering)
ED -1.2% (stock offering)Gapping up
In reaction to earnings/guidance:NTAP +8.8%, VAPO +8.6% (increases Q4 revenue guidance), MWK +4.6% (raises FY20 and FY21 revs to reflect several acquired brands), PDCO +4.5%, COHU +3.2% (guides Q4 and Q1 revs above consensus), RY +1.5%, SJM +0.8% (updates guidance following sale of Crisco to BGS)
Other news:
TG +28.4% (declares special dividend of $5.97/sh)
MESO +13.1% (FDA grants fast track designation for Remestemcel-L in the treatment of acute respiratory distress syndrome due to COVID-19)
IBIO +12.4% (announces deal with ATB Therapeutics to produce its fusion proteins using iBio’s FastPharming System)
VNDA +8.5% (FDA approves HETLIOZ for nighttime sleep disturbances associated with SMS)
FUBO +7.7% (acquires Balto Sports in move towards online sports wagering)
BNTX +5.3% (BioNTech and Pfizer (PFE) receives temporary authorization for emergency use for their COVID-19 mRNA vaccine in UK)
SSL +3.3% (completed divestment of a 50% interest in Sasol’s Base Chemicals business at Lake Charles to LyondellBasell (LYB) and amends covenant)
PFE +3.2% (BioNTech (BNTX) and Pfizer (PFE) receives temporary authorization for emergency use for their COVID-19 mRNA vaccine in UK)
PTGX +2.9% (announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to PTG-300 in the treatment of polycythemia vera)
PLL +2.4% (awarded definitive feasibility study of its planned spodumene concentrate operations in North Carolina)
TGTX +1.4% (announces publication of Phase 2 data evaluating umbralisib in patients with chronic lymphocytic leukemia who are intolerant to prior BTK or PI3K inhibitor therapy in blood)[color=purple][size=4][i]WOW – the SANTA RALLY mood is melting stocks back up 🙂
Almost back to[color=green][size=5][b]Dow 29,883.79 59.87 0.20%
S&P 500 3,669.01 6.56 0.18%
Nasdaq 12,349.37 -5.74 -0.05%
GlobalDow 3,436.97 9.08 0.26%
Gold 1,845.60 15.40 0.84%
Oil 45.01 -0.27 -0.60%[/b][/size][/color][size=5][b]China delisting bill passes Congress
[/b][/size]
US House passes bill that could delist Chinese companies from US stock exchanges
The US Senate had passed the bill in May
To become law it needs Trump’s signature, which should be a formalityBackground on this bill.
Requires Chinese companies to allow US inspectors to review their financial audits
Beijing has resisted this requirement
Analyst assessments are generally that a compromise will be reached between the US and China before the law impacts
For example, there may be a “co-audit” approach – in which US auditors of Chinese companies would sign off on Chinese audits[b][color=purple][i]Not to delve too deeply into the EVIL of politics – lol :evil::evil::evil::evil::evil::evil:
Mainly to share as FYI – that media started off by saying “there is no fraud” … and later to “there is no widespread fraud” as some true evidence spread … or last minute changes were made in election process that were “technicalities” …. NEWSMAX is only major news site I trust these days as #45 has made too many enemies in his wild battles … and from key speech yesterday a list of counterpoints if interested as there is ZERO coverage otherwise
and while VP-elect Joe is almost certain as #46 on JAN 20th — below is summary of points of which at least some are indeed valid & being ignored by all. Even as supporter of #45 we might have better calm in nation with #46 if Senate can hold on JAN 5th as a firewall. Otherwise if election results reverse I can’t imagine the protests & riots — and also the daily news attacks will probably worsen over next 4 years :unsure: .
Bambi & me don’t really care who is president as long as they leave us alone & try to do what is best for nation…. And in reality getting these points heard is a LONGSHOT — esp. as there are no takers to investigate or hear claims (even if only 25% are true “Houston we have a problem” — although a lot of what is below may not be fully accurate & even VP Joe could have won without some of obvious help in major cities as system has lost trustworthiness in my opinion :whistle: .[/i][/color][/b]
Trump, making the case for a “rigged election,” stressed many of the following points:
[i]We have “an Election Day,” but we were told months before the election to expect the ballot counting to take weeks, if not months.
There appeared to be “an orchestrated effort to anoint a winner” despite votes still being counted.
Democrats mailed out tens of millions of ballots, permitting “fraud and abuse on a scale never seen before,” he claimed.
Bloated voter rolls were used to send out ballots, he further asserted, despite reliance on names of the dead and on voters who had moved out of the specific voting districts.
Using “the pandemic as a pretext,” Democrats and courts overrode constitutional election law in some cases without the permission of the state legislatures.
“Dozens of counties in key swing states have more registered voters on the rolls than they have voting age citizens, including 67 counties in Michigan,” Trump said.
“Wisconsin could not confirm the residency of more than 100,000 people,” Trump said, adding they refused before the election to clean up the registrations. “I knew why: because they’re illegal voters.”
Key battleground states, like Wisconsin, saw a “massive dump of votes” overnight, swinging the lead from Trump to his opponent. “Mostly [Joe] Biden, almost all Biden,” Trump said. “I went from leading by a lot to losing by a little.”
Michigan had a dump of 149,772 votes overnight (6:31 a.m.), flipping Trump’s lead to Biden, he maintained.
He said hundreds of thousands of votes were unlawfully counted without meaningful observation, or no observation at all.
He also described “tens of thousands” of voters who showed up to vote on Election Day but were told they had already voted by mail-in ballot, despite not having done so.
Democrats ballot harvesting mass mail-in ballots, which is illegal in some states.
Dominion Voting Systems, he said, has technology that can flip votes from one candidate to the other, which can go undetected without forensic examination. The company’s CEO has denied these claims.
“They called it a glitch,” where 6,000 votes in Michigan were discovered to have been incorrectly flipped from Trump to Biden.
Dominion Systems might have counted votes on overseas servers, which were vulnerable to hacking and fraud. The company has again denied these allegations.
Republicans across the U.S. won and flipped many seats in states and the U.S. House, suggesting a massive GOP voter turnout that was not equally represented in the presidential election. “It is statistically impossible, the person that led the charge, me, lost,” Trump said. “We led the country to victory and you are the only one that was lost. It’s not possible.”
Lacking mail-in ballot signature verification that is unlawful.
Recounts that are failing to check signatures and matching them with envelopes that have been separated from the ballots.
Many people received multiple ballots from error-prone voter rolls.
Dead voters have been found to have voted.
Illegal votes cast in many battleground states.[/i][color=red][size=5][b]Gapping down
[/b][/size][/color]
In reaction to earnings/guidance:SPLK -21.8%, GHLD -5.8%, DG -2.1%, SNOW -2%, COST -1.1%
Other news:
VERI -16.5% (commenced public common stock offering)
GLNG -6.7% (announced public offering of 11.0 mln common shares)
DADA -6.7% (prices follow-on offering of 9 mln ADSs at $50.00 per ADS)
JAZZ -6.5% (Jazz Pharma and PharmaMar report results of ATLANTIS Phase 3 study evaluating Zepzelca in combination with Doxorubicin did not meet primary endpoint)
CDXS -4.7% (prices offering of 4,285,715 shares of its common stock at $17.50 per share)
ORAN -3% (considering a conditional voluntary public takeover bid on Orange Belgium)
OM -2.6% (prices secondary offering by selling shareholders of 4 mln shares of common stock at $53.00 per share)
OSH -2.2% (prices offering of 5,632,430 shares of its common stock by certain selling stockholders at $46.00 per share)
XP -1.6% (prices follow-on offering by co and selling shareholders of 31,654,894 Class A common shares at $39.00 per share)
TWST -1.4% (prices offering of 2,802,272 shares of its common stock at $110.00 per share)
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