Traders Market Weekly: Robots, Dribbler Enthusiasm and Short Squeezes

Viewing 15 posts - 31 through 45 (of 73 total)
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  • #42101
    Truman
    Participant

    S&P futures vs fair value: -5.90.
    Nasdaq futures vs fair value: -32.20.
    Fair Value for Tuesday, August 16th:
    SP500: 4,299
    Nasdaq 100: 13,685
    DJIA: 33,874 Update

    #42105
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note.

    Japan’s Nikkei: UNCH,
    Hong Kong’s Hang Seng: -1.1%,
    China’s Shanghai Composite: +0.1%,
    India’s Sensex: +0.6%,
    South Korea’s Kospi: +0.2%,
    Australia’s ASX All Ordinaries: +0.5%.

    #42106
    Truman
    Participant

    China’s government announced that new onshore bond issues from select developers will be guaranteed and there was speculation that the government will provide additional stimulus to boost growth.
    Australia’s Bureau of Statistics will begin publishing monthly CPI for Australia while the Reserve Bank of Australia repeated that it expects inflation to peak late this year.
    South Korea’s military will hold joint drills with the U.S. from August 22 to September 1.

    #42107
    Truman
    Participant

    Major European indices trade in the green.

    STOXX Europe 600: +0.4%,
    Germany’s DAX: +0.6%,
    U.K.’s FTSE 100: +0.7%,
    France’s CAC 40: +0.4%,
    Italy’s FTSE MIB: UNCH,
    Spain’s IBEX 35: +0.9%.

    #42108
    Truman
    Participant

    Eurozone’s June trade deficit EUR24.60 bln (expected deficit of EUR20.00 bln; last deficit of EUR28.40 bln). August ZEW Economic Sentiment -54.9 (expected -57.0; last -51.1)
    Germany’s August ZEW Economic Sentiment -55.3 (expected -53.8; last -53.8) and ZEW Current Conditions -47.6 (expected -48.0; last -45.8)
    U.K.’s June three-month employment change 160,000 (expected 256,000; last 296,000), June Claimant Count Change -10,500 (expected -32,000; last -26,800), and June Unemployment Rate 3.8%, as expected (last 3.8%). June Average Earnings Index + Bonus 5.1% yr/yr (expected 4.5%; last 6.4%)
    Germany’s ZEW economists cautioned that markets expect further weakening of Germany’s economy and additional pressure on profit expectations.
    There are growing expectations that a nuclear deal with Iran will be reached.
    Germany’s natural gas consumption was down 15% in the first half of 2022, according to BDEW.

    #42109
    Truman
    Participant

    Walmart (WMT 137.59, +4.99, +3.76%): beats by $0.17, beats on revs; Q2 US comps +6.5%; guides Q3 EPS in-line; raises FY23 EPS above consensus
    Home Depot (HD 313.23, -1.38, -0.44%): beats by $0.12, beats on revs; Q2 comps +5.8%; reaffirms EPS, revs, and comp guidance
    American Airlines (AAL 15.34, +0.01, +0.07%): American Airlines removes 31000 flights from November schedule.
    Tencent Music (TME 4.8500, +0.18, +3.85%): beats by $0.08, beats on revs
    Sea Limited (SE 86.19, -3.78, -4.20%): beats by $0.03, misses on revs; will be suspending e-commerce GAAP revenue guidance for the full year 2022

    #42110
    Truman
    Participant

    In overseas news, China’s government announced that new onshore bond issues from select developers will be guaranteed and there was speculation that the government will provide additional stimulus to boost growth.

    #42111
    Truman
    Participant

    The S&P 500 futures are down 4 points and are trading 0.1% below fair value.
    The Nasdaq 100 futures are down 21 points and are 0.3% below fair value.
    The Dow Jones Industrial Average futures are down 9 points and are trading slightly above fair value.

    #42116
    TradersCom
    Keymaster

    All day -The Stifel Biotech Summer Summit will include appearances by CTI BioPharma Corp. (CTIC) and Trevi Therapeutics (TRVI).

    All day – The Thomas Bravo buyout of SailPoint Technologies (SAIL) is expected to close.

    1:30 p.m. Juniper Networks (JNPR) CEO Rami Rahim will participate in a fireside chat hosted by J.P. Morgan. The firm has an Overweight rating on Juniper heading into the talk and could reiterate its bullish view
    .
    2:30 p.m. FuboTV (FUBO) will conduct its first-ever Investor Day event. FuboTV Co-founder and CEO David Gandler and CFO John Janedis will discuss the company’s strategic initiatives and three year plan, as well as issue a 2025 profitability target. M&A speculation picked up on FuboTV (FUBO) recently with MGM Resorts(MGM)-Entain’s (OTCPK:GMVHF) BetMGM property and FanDuel (OTCPK:PDYPY) both seen as potential acquirers.

    4:30 p.m. PAVmed Inc. (PAVM) will host a business update conference call to provide an overview of the company’s operations over the past quarter and growth strategy.

    #42128

    Dow 34,152.04 239.60 0.71%
    S&P 500 4,305.24 8.10 0.19%
    Nasdaq 13,102.55 -25.50 -0.19%
    GlobalDow 3,749.22 13.96 0.37%
    Gold 1,791.30 -6.80 -0.38%
    Oil 86.43 -2.98 -3.33%

    #42140
    TradersCom
    Keymaster

    Wednesday – August 17

    All day – Tandy Leather Factory (TLF) will host an investor presentation and update on longer-term strategies.
    All day – It is the expiration day for WTI oil futures, which has led to extra volatility in the past.
    8:30 a.m. The retail sales report for July will drop. Bank of America expects core retail sales will come in well ahead of the consensus mark of 0.3% month-over-month, while the headline number is forecast to show just a 0.1% gain.
    11:00 a.m. Ensysce Biosciences (ENSC) will hold a corporate update conference call to provide an update and review the recently discussed results from the BE study of PF614. Shares of ENSC have rallied in the past following new PF614 developments.
    2:00 p.m. The Federal Reserve will release the minutes of the last meeting of the FOMC. The minutes are expected to show strong consensus from members on rapid rate hikes aimed at reducing inflation. Economists will be looking for nuances around the willingness of FOMC members to accept some softening in labor market conditions to support a return to price stability.

    #42143
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended the midweek session on a mostly higher note.

    —Equity Markets—

    Japan’s Nikkei: +1.2%
    Hong Kong’s Hang Seng: +0.5%
    China’s Shanghai Composite: +0.5%
    India’s Sensex: +0.7%
    South Korea’s Kospi: -0.7%
    Australia’s ASX All Ordinaries: +0.3%

    #42144
    Truman
    Participant

    Chinese authorities ordered a halt to this week’s production at Toyota’s factory in Sichuan due to a power shortage.
    China’s Premier Li reportedly requested local officials from six major provinces to increase pro-growth measures after weak July data.
    Australia’s wage price index for Q2 increased at its fastest yr/yr pace since 2014.
    The Reserve Bank of New Zealand raised its official cash rate by 50 bps to 3.00%, as expected.
    The central bank increased its peak rate forecast for Q3 of next year to 4.10% from 3.95%.
    Japan’s July trade deficit JPY1.44 trln (expected deficit of JPY1.41 trln; last deficit of JPY1.40 trln). July Imports 47.2% yr/yr (expected 45.7%; last 46.1%) and Exports 19.0% yr/yr (expected 18.2%; last 19.3%). June Core Machinery Orders 0.9% m/m (expected 1.3%; last -5.6%); 6.5% yr/yr (expected 7.5%; last 7.4%)
    Singapore’s July non-oil exports 1.4% m/m (expected -3.8%; last 3.2%); 7.0% yr/yr (expected 6.0%; last 8.5%)
    Hong Kong’s July Unemployment Rate 4.3% (last 4.7%)
    Australia’s Q2 Wage Price Index 0.7% qtr/qtr (expected 0.8%; last 0.7%); 2.6% yr/yr (expected 2.7%; last 2.4%). July MI Leading Index -0.2% m/m (last -0.2%)
    New Zealand’s Q2 Input PPI 3.1% qtr/qtr (last 3.4%) and Output PPI 2.4% (last 2.6%)
    0% from 3.95%.

    #42145
    Truman
    Participant

    Major European indices trade in the red.

    —Equity Markets—

    STOXX Europe 600: -0.5%
    Germany’s DAX: -1.2%
    U.K.’s FTSE 100: -0.3%
    France’s CAC 40: -0.6%
    Italy’s FTSE MIB: -0.3%
    Spain’s IBEX 35: -0.5%
    July retail sales

    #42146
    Truman
    Participant

    The U.K.’s CPI increased 10.1% yr/yr in July, representing the sharpest rate of growth in over 40 years.
    The Bank of England expects that the inflation rate will accelerate to 13.0% by October.
    The German government refuted reports that a decision has been made to keep the country’s last remaining three nuclear plants operational past the end of this year.
    Eurozone’s Q2 GDP 0.6% qtr/qtr (expected 0.7%; last 0.7%); 3.9% yr/yr (expected 4.0%; last 4.0%). Q2 Employment Change 0.3% qtr/qtr (last 0.6%); 2.4% yr/yr (last 2.9%)
    U.K.’s July CPI 0.6% m/m (expected 0.4%; last 0.8%); 10.1% yr/yr (expected 9.8%; last 9.4%). July Core CPI 0.3% m/m (expected 0.2%; last 0.4%); 6.2% yr/yr (expected 5.9%; last 5.8%). July House Price Index 7.8% yr/yr (last 12.8%)

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