ThePitBoss

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Viewing 15 posts - 31 through 45 (of 416 total)
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  • in reply to: Traders Market Weekly: Hello There 2022 #32110
    ThePitBoss
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    British pound hits 8-week high

    UK Prime Minister Boris Johnson: We do not need to shut down our country again.

    Leaders around the world are weighing whether their healthcare systems can handle the strain of omicron and acting accordingly.

    The pound hasn’t traded off of omicron but it’s now at an 8-week high. At this point, there’s probably an advantage to high infections as it makes the country more resilient going forward with the combination of good vaccine uptake and high post-infection immunity. There’s also something to be said for more-engaging attitudes of consumers who have been previously infected with mild cases.

    in reply to: Traders Market Weekly: Hello There 2022 #32068
    ThePitBoss
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    in reply to: Traders Market Weekly: Hello There 2022 #32067
    ThePitBoss
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    in reply to: Traders Market Weekly: Hello There 2022 #32066
    ThePitBoss
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    Spot gold is up $10.76 or 0.60% at $1812.24
    Spot silver is up eight cents or 0.35% at $22.95

    in reply to: Traders Market Weekly: Hello There 2022 #32065
    ThePitBoss
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    Another Strong Close In Europe with Another Record High for France’s CAC, +1.3%

    German DAX, +0.7%
    Italy’s FTSE MIB +0.4%
    Spain’s Ibex +0.6%
    UK’s FTSE 100, +1.5%

    ThePitBoss
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    Nothing embodied the promise of globalization more than the humble supply chain. Thanks to the integration of production across and within borders, consumers have come to expect infinite variety, instantly available. That is now under siege. The supply-chain crisis of 2021 is fueling the retreat from globalization, much as the global financial crisis of 2008 did.”

    Wall Street Journal (Greg Ip)

    ThePitBoss
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    Summit Insights double upgraded Nvidia (NVDA) to Buy from Sell

    After channel checks indicated a “solid finish” to the company’s October quarter driven by upside demand in the cryptocurrency mining and the gaming markets. The firm notes Nvidia’s sales into the crypto-mining market have rebounded back to more than $1B per quarter after the recent crash in May and June. As such, the firm believes Nvidia is “poised for upsides” in the October and the January quarters.

    ThePitBoss
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    MOSCOW, Oct 16 (Reuters) – Russian gas consumption is running at a record high but Moscow is still ready to increase supplies to Europe should it receive such requests, Deputy Prime Minister Alexander Novak said on Saturday.

    https://www.reuters.com/business/energy/russia-seeing-record-gas-demand-still-ready-boost-eu-supplies-novak-says-2021-10-16/

    ThePitBoss
    Participant

    Roth Capital initiated coverage of DraftKings (DKNG) with a Sell rating and $41 price target.

    While bullish on U.S. online gaming, the firm doesn’t believe 70% market share for the three leaders – Fanduel, BetMGM, and DraftKings – is sustainable. The firm sees DraftKings conceding market share as mid-tier operators ramp up and better cross-sell legacy casino customers and the firm also sees the early market share benefits of DraftKings’ Daily Fantasy Sports products fading as markets mature.

    ThePitBoss
    Participant

    Soybeans took a good hit the past few sessions, pushing soybeans under major support. Another close below $12.40 in the November contract could open the soybean complex up to test the $11.85 level. With China out of the market for another week due to holiday and reports that Brazil has started to plant soybeans, and with rain in the forecast for Brazil next week, it appears that soybeans seem content in taking the path of least resistance. Seasonally soybeans form a bottom the first week of October, let’s see if that theory holds.

    ThePitBoss
    Participant

    China has been visibility absent from the U.S. soybean market this year. Soybean exports are holding their own but well off of last year’s record-breaking pace. It does not help that China has closed over 50% of the soybean crush plants in the northern regions of the country in an attempt to conserve power.

    U.S./China tensions are starting to increase again as the administration starts to talk of possible actions against China for not following through with the requirements of the phase one trade deal. Rumors has the administration looking at reimplementing tariffs. China remains on holiday this week, so there has been no response from China.

    ThePitBoss
    Participant

    Tesla has implemented a price increase across its entire Model 3 and Model Y lineup in an overnight update to its online configurator in the US.

    Tesla Model 3 prices

    In an overnight update to its online configurator in the US today, Tesla increased the price of both the Model 3 Standard Range Plus and Performance.

    Here are all the prices of the different versions of the Model 3:

    Tesla Model 3 Standard Range Plus: price went from $39,990 to $41,990
    Tesla Model 3 Long Range AWD: price stayed at $49,990
    Tesla Model 3 Performance: price went from $56,990 to $57,990
    Here’s what the updated online configurator looks like now:

    The most significant change is obviously the $2,000 price increase to the Model 3 Standard Range Plus, which has been Tesla’s cheapest car.

    Earlier this year, the same version of the car was starting at just $36,990, which is a $5,000 or 13% price increase for Tesla’s cheaper vehicle over just seven months.

    Tesla Model Y prices

    The Model Y was also subject to price increases with Tesla’s overnight update.

    Like Model 3, the cheapest version of Model Y got a $2,000 price increase and the performance version a $1,000 price increase.

    Here are all the updated prices for all versions of the Model Y:

    Tesla Model Y Long Range Dual Motor: price went from $52,990 to $54,990
    Tesla Model Y Performance: price went from $60,990. to $61,990
    Here’s what Tesla’s Model Y configurator looks like after the overnight update:

    The Model Y Long Range, which is the cheapest version of the electric SUV, has now seen $4,000 in price increases since April.

    A reform of the federal EV incentive is expected to pass by the end of the year, and it could give Tesla buyers up to $8,000 in direct discounts in the US.

    Tesla increases Model 3 and Model Y prices, cheapest car is now $42,000

    ThePitBoss
    Participant

    Horizontal oil rigs in the Permian +1 to 240 (Baker Hughes)

    ThePitBoss
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    EOG Resources $EOG 73.89, +4.37, +6.3% best performer in the energy sector broke over its 50-day moving average $71.20 to its best level since late July.

    ThePitBoss
    Participant

    Halliburton $HAL 20.63, +0.56, +2.8% rallied past its 50dma $20.23 and its 200dma $20.98 on oil and natgas Price rises

Viewing 15 posts - 31 through 45 (of 416 total)