Traders Market Weekly: Summer, Manufacturing, Jobs and Debt Ceiling

Viewing 15 posts - 16 through 30 (of 99 total)
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  • #58976

    ^^^ +1s for excellent posts above … during church services I requested prayers for DEBT ceiling solution
    As good book teaches, we should not be a prisoner to DEBT … and hope both sides can do best for USA
    And at top of our fridge prayer list is for our nation & leaders in days ahead

    And definitely 1 excellent oldie for the playlist 🙂🙂


    Dow 33,286.58 -140.05 -0.42%
    S&P 500 4,192.63 0.65 0.02%
    Nasdaq 12,720.78 62.88 0.50%
    VIX 17.21 0.40 2.38%
    Gold 1,973.60 -8.00 -0.40%
    Oil 71.81 0.26 0.36%


    A centrist group wants to recruit Senator Joe Manchin (D-WV) to run for President as a third party candidate. Democrats are trying to stop this from happening, according to the New York Times


    President Biden is considering using the 14th amendment to unilaterally raise the debt ceiling. He believes he has the authority, but acknowledged it will be challenged in the courts, according to The Hill


    Fair Value for Tuesday, May 23:

    S&P 500: 4,205
    Nasdaq 100: 13,894
    DJIA: 33,354


    American Intl (AIG) enters into definitive agreement to sell Validus Re to RenaissanceRe Holdings for $2.985 bln; following closing, AIG expects to make significant investments in RenaissanceRe’s DaVinci Reinsurance and Fontana Re managed funds… AIG up 0.3%

    RenaissanceRe (RNR) to acquire American International Group’s (AIG) treaty reinsurance business for $2.985 bln in total consideration, including $2.735 bln of cash and $250 mln of RenaissanceRe common shares; files mixed shelf securities offering; commences public offering of 6,300,000 of its common shares… RNR down 3.7%


    Guardant Health (GH) announces proposed public offering of $250 mln of common stock; files mixed shelf securities offering… GH down 7.4%

    Ryan Specialty Group (RYAN) files for class A common stock offering by selling shareholders… RYAN down 4.7%


    Nordson (NDSN) beats by $0.14, beats on revs; guides Q3 revs below consensus, guides Q4 revs above consensus; narrows FY23 EPS guidance; reaffirms FY23 revs guidance… NDSN down 1.3%

    Zoom Video (ZM) beats by $0.17, beats on revs; guides Q2 EPS in-line, revs in-line; guides FY24 EPS above consensus, revs above consensus… ZM up 0.5%

    Helmholtz Watson

    Ahead: 2 p.m. ET Elon Musk at The Wall Street Journal’s CEO Council Summit.

    Speakers following Musk include:
    Treasury Secretary Janet Yellen,
    Bank of England Gov. Andrew Bailey
    UBS Chairman Colm Kelleher
    Former #Google CEO Eric Schmidt

    Musk is due to kick off the WSJ’s London event at 2 p.m. ET in a virtual appearance less than two weeks after he disclosed plans to relinquish the role as Twitter’s CEO to NBCUniversal’s former head of advertising, Linda Yaccarino. Musk, who bought Twitter last year for around $44 billion, said he would become executive chairman and chief technology officer and focus on technical aspects of the platform.


    PacWest bounce continues after yesterday’s big gains

    6.85+1.12 (+19.55%) at close
    7.87 +1.02 (+14.89%) pre-market


    Lowe’s (LOW 200.14, -3.01, -1.4%): beats by $0.22, beats on revs; lowers FY24 EPS below consensus, revs in-line

    AutoZone (AZO 2543.98, -75.82, -2.9%): beats by $2.65, reports revs in-line

    Dick’s Sporting Goods (DKS 128.61, +2.21, +1.8%): beats by $0.19, beats on revs; reaffirms FY24 EPS guidance


    Yelp (YELP 35.91, +3.39, +10.4%): TCS Capital delivers open letter to the Yelp Board of Directors; Believes that the Board should immediately begin exploring strategic alternatives


    Microsoft (MSFT 321.68, +0.50, +0.2%): Jefferies reiterated a Buy rating and named the stock a top pick

    Chevron (CVX 153.75, +1.31, +0.9%): HSBC upgraded to Buy from Hold


    Equity indices in the Asia-Pacific region ended Tuesday on a mostly lower note with Japan’s Nikkei (-0.4%) recording its first loss in nine days.

    Japan’s Nikkei: -0.4%,
    Hong Kong’s Hang Seng: -1.3%,
    China’s Shanghai Composite: -1.5%,
    India’s Sensex: UNCH,
    South Korea’s Kospi: +0.4%,
    Australia’s ASX All Ordinaries: UNCH.


    Japan’s Manufacturing PMI returned into expansion in the May flash reading for the first time in seven months.

    Japan’s flash May Manufacturing PMI 50.8 (expected 49.5; last 49.5) and flash Services PMI 56.3 (expected 55.2; last 55.4). April BoJ Core CPI 3.0% yr/yr (expected 2.8%; last 2.9%)

Viewing 15 posts - 16 through 30 (of 99 total)
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