Investors excitement around energy transition was borne out in the successful upsized IPO from Flex Ltd (FLEX) spinout Nextracker Thursday on its public listing. The company, which will trade under the ticker NXT sold 14% more shares and raised 28% more in proceeds than its original terms. Nextracker provides integrated solar tracker and software solutions to enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. NXT raised $638 million by … Continue reading “Solar Tracking Tech Company Nextracker Upsized IPO Debuts Up 27%”
What are the Ethical Dilemmas of Investing in Technology Stocks?
Investments can bring up a myriad of quandaries, from financial risk and opportunities through to moral decisions. The trolley problem can be used as a framework to consider ethical dilemmas in a variety of decision-making scenarios, including the trading of technology stocks. The trolley problem is a classic ethical dilemma in philosophy that has been used to explore a range of moral and ethical questions. Beyond the original trolley scenario, the problem has been adapted and modified to explore a … Continue reading “What are the Ethical Dilemmas of Investing in Technology Stocks?”
Amazon the Latest in Huge Tech Layoffs, Just the Start or A Healthy Rationalization?
In this down cycle of the economy, more specifically the growth sector, technology has been particularly hit. These companies were some of the most to benefit from the low interest rates, work from home, no fear bull market. It stands to reason when that sector falls apart with the dramatic rise in interest rates. This week it was announced Amazon plans to lay off approximately 10,000 people in corporate and technology jobs as soon as this week. This would be … Continue reading “Amazon the Latest in Huge Tech Layoffs, Just the Start or A Healthy Rationalization?”
Market Wrap – Snap Wrecked Again as Tesla Sizzles July 21, 2022
Two things are certain it seems $SNAP gets crushed on warnings and Tesla and Natural Gas tears faces off punters. Prior to $SNAP’s earnings release the S&P 500 closed a tad shy of 4,000. We started off the Bank of Japan lowering its 2022 GDP growth forecast to 2.4% from 2.9% and the ECB announcing a larger-than-expected 50-basis point increase for its key lending rates. Initial jobless claims topped 250,000 for the first time since last November; the Philadelphia Fed Index … Continue reading “Market Wrap – Snap Wrecked Again as Tesla Sizzles July 21, 2022”
Market Wrap – Tearaway Inflation and Bank Earnings July 14, 2022
Doom and gloom reigns in the markets with Central Banks raising rates and scorching inflation with CPI and PPI breaking records in America. The Dow and S&P extended their losing streaks to 5 straight down days after both $MS and $JPM missed earnings. Stocks did bounce off their low after Federal Reserve Waller said he sees neutral as 2-2.25% and added that you don’t want to overdo rate hikes. Bonds quickly rebounded on that and at the lows the Dow … Continue reading “Market Wrap – Tearaway Inflation and Bank Earnings July 14, 2022”
Market Wrap – Oil and Natural Gas Rally on EIA Storage, Stocks Rally Ahead of Jobs July 7, 2022
Heading into tomorrow’s US Jobs Report stock markets rallied for the fourth day with the main indices up at least 1.0% at the close. Advancers led decliners by a roughly 3-to-1 margin at both the NYSE and the Nasdaq. The bounce coincided with the reversal in energy futures and the strength in semiconductors, which hold a leading indicator status. Energy futures reacted positively to both inventory reports. Natural gas settled the session up 13.6% to $6.25/mmbtu. WTI crude oil futures settled the session … Continue reading “Market Wrap – Oil and Natural Gas Rally on EIA Storage, Stocks Rally Ahead of Jobs July 7, 2022”
Market Wrap – Oil, Gold, Euro, Copper Crushed on Global Recession Fears July 5, 2022
Back from July 4th celebrations we were greeted by global growth worries. The euro being smashed lower to levels not seen since 2002 as parity chants grow louder. Germany is being rocked by the Energy crisis and its reliance on cheap Russian gas. German gas giant Uniper SE is in talks with the government over a potential bailout package of as much as 9 billion euros Bloomberg reports. Commodity prices continued to get pounded from the speculative highs, Wheat, Corn and Soybeans … Continue reading “Market Wrap – Oil, Gold, Euro, Copper Crushed on Global Recession Fears July 5, 2022”
Market Wrap – Central Banks Rate Frenzy Puts Bears Back in Charge June 16, 2022
The post FOMC meeting delusional stock market rally reacted the next day as one would suspect after the Fed raised 75 bps sending the $ES_F and other indices sharply lower. The declines were led by the Nasdaq as it nears its 200-week MA for the first time since the start of the pandemic in March 2020. The major indices are down 6 of 7 trading days. The big catalyst to remind the machines was the SNB hiking a surprise 50bp. … Continue reading “Market Wrap – Central Banks Rate Frenzy Puts Bears Back in Charge June 16, 2022”
Market Wrap – Punters Paradise as Futures React with Extreme Volatility After Fed Raises 75 bp June 15, 2022
The FOMC meeting brought extreme volatility, the Fed raised 75 bps as expected sending it lower but $ES_F rallied 100 handles plus when he said next month may not be as big, an allowance that the July meeting is likely to feature either a 50-basis point rate hike or a 75-basis point rate hike. Shorts got caught and the machines took over from an oversold short-term market. The rebound in the Treasury market fed the machines. That vote was not … Continue reading “Market Wrap – Punters Paradise as Futures React with Extreme Volatility After Fed Raises 75 bp June 15, 2022”
Market Wrap – More Selling in Stocks, Bonds and Natural Gas June 14, 2022
The markets chopped away today with eyes towards tomorrow’s FOMC meeting. The 2-yr note yield settled the session up 16 basis points at 3.43% and the 10-yr note yield settled up 12 basis points at 3.48%. The fed funds futures market is pricing in the probability of an aggressive Fed. The CME’s Fed Watch Tool shows a 96.6% probability of a 75-basis point rate hike on Wednesday (up from 3.9% a week ago), a 95.8% probability of another 75-basis point … Continue reading “Market Wrap – More Selling in Stocks, Bonds and Natural Gas June 14, 2022”