StockShocks
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$Gritstone Bio (GRTS.US)$ loaded up on this after the big drop last week thinking "surely this stock will rebound after a day like that!" boy was I wrong. Now I'm thinking "surely this stock will rebound after a day like this" and want to buy more. Bad idea? Thoughts?
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$Lucid Group (LCID.US)$
Yesterday night I wrote about this scam towards the common shareholder (I don’t hold LCID, but I may trade it) of diluting the stock by 12%. I also wrote that it is an unfair pratice, as the major shareholders get much higher protection of their investment. NOT ONLY: they got a special price (6,77$ per share). OBVIOUSLY, the common shareholder pays for this deal with a proportional decrease in the value of their stocks (what just happened: -13,92% at this mom...
Yesterday night I wrote about this scam towards the common shareholder (I don’t hold LCID, but I may trade it) of diluting the stock by 12%. I also wrote that it is an unfair pratice, as the major shareholders get much higher protection of their investment. NOT ONLY: they got a special price (6,77$ per share). OBVIOUSLY, the common shareholder pays for this deal with a proportional decrease in the value of their stocks (what just happened: -13,92% at this mom...
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MACRO
Global Economy is Heading into a Decade of Low Growth, Economist Says
The global economy likely faces a decade of sluggish growth, according to Daniel Lacalle, author and chief economist at Tressis Gestion.
"I think that we are probably going to move into a decade of very, very poor growth in which developed economies are going to find themselves lucky with 1% growth per annum, if they are able to achi...
Global Economy is Heading into a Decade of Low Growth, Economist Says
The global economy likely faces a decade of sluggish growth, according to Daniel Lacalle, author and chief economist at Tressis Gestion.
"I think that we are probably going to move into a decade of very, very poor growth in which developed economies are going to find themselves lucky with 1% growth per annum, if they are able to achi...
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$Tonix Pharmaceuticals (TNXP.US)$
when 10→1? or 30→1?
when 10→1? or 30→1?
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hot china name could replicate cpop’s move yesterday. heavily shorted w low float.
$MingZhu Logistics (YGMZ.US)$
$MingZhu Logistics (YGMZ.US)$
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Life's a struggle. Anyhow, life still goes on
Tasted all the flavors of life, and what came after them are countless troubles
How many problems do you need to face every day
How many nights, agony is the thing keeping you awake
— Shawn Sung
Some people may have the same feeling because that's how life works. So close your eyes, and everything will be alright.
Maybe things will get wors...
Tasted all the flavors of life, and what came after them are countless troubles
How many problems do you need to face every day
How many nights, agony is the thing keeping you awake
— Shawn Sung
Some people may have the same feeling because that's how life works. So close your eyes, and everything will be alright.
Maybe things will get wors...
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Stocks set to rise as earnings, inflation weighed
Asian stocks looked set to rise Tuesday after a record $S&P 500 Index (.SPX.US)$ close as corporate earnings and progress on President Joe Biden's economic agenda helped sentiment even as the debate over inflation risks intensified.
Australian equities pushed higher, while futures climbed for Japan and were steady for Hong Kong. U.S. contracts advanced. The $NASDAQ 100 Index (.NDX.US)$ outperformed overnight amid a $Tesla (TSLA.US)$ rally to a $1 trillion market value.
Tesla hits $1 trillion market cap for the first time after Hertz says it will buy 100,000 electric vehicles
$Tesla (TSLA.US)$ hit a $1 trillion market cap for the first time after $HERTZ GLOBAL HOLDINGS INC (HTZGQ.US)$ said Monday it would buy 100,000 electric vehicles. News of the deal brought Tesla's stock to a new record high just one trading day after the shares topped $900.
The deal comes more than a year after Hertz filed for bankruptcy protection during the height of the coronavirus pandemic, as demand for travel and rental vehicles dropped.
Facebook shares rise as investors focus on earnings beat and look past whistleblower document dump
$Meta Platforms (FB.US)$ shares rose in extended trading on Monday after the company reported better-than-expected third-quarter earnings while revenue missed estimates. The company announced its plans to break out its Facebook Reality Labs into its own reporting segment starting in the fourth quarter.
Facebook said it expects fourth-quarter revenue of $31.5 billion to $34 billion. Analysts were expecting sales of $34.8 billion.
Trump-linked SPAC cools down after short position emerges
$Digital World Acquisition Corp (DWAC.US)$ pulled back Monday following a wild 846% surge last week after a short-seller said it was betting against the Trump-linked special purpose acquisition company.
Shares of Digital World are trading around $89, or nearly nine times the SPAC's in September. The stock, which had traded as high as $122 earlier in the session and $175 on Friday, slipped Monday afternoon as Iceberg Research said on Twitter that it was short DWAC.
PayPal says it's not looking to buy Pinterest right now, shares jump 6%
$PayPal (PYPL.US)$ said in an update on its website that it is "not pursuing an acquisition of Pinterest at this time." Shares of $Pinterest (PINS.US)$ soared last week after Bloomberg first reported that PayPal may acquire the social media company. PayPal's shares were up more than 3% in morning trading Monday on the Nasdaq stock exchange, while shares of Pinterest were down over 12%.
Tesla is towering over megacap tech in the options market
Tesla, despite reporting earnings on Oct. 20, accounted for eight of the top nine most-traded single stock options on Monday.
In contrast, none of $Meta Platforms (FB.US)$, $Alphabet-A (GOOGL.US)$, $Microsoft (MSFT.US)$, $Apple (AAPL.US)$ or $Amazon (AMZN.US)$ options strikes ranked among the 20 most active in Monday trading.
Mastercard partners with Bakkt to bring cryptocurrency payments to the masses
The companies said the partnership will make it easier for banks, financial-technology firms and merchants to offer and accept crypto payments. Banks and other financial institutions that issue cards through Mastercard will be able to issue cryptocurrency debit or credit cards that let people make payments and earn rewards in bitcoin. Other cryptocurrency assets could follow.
$Bakkt Holdings (BKKT.US)$ shares more than tripled to $30.60. $MasterCard (MA.US)$ shares rose 0.6% to $360.86.
Canadian stocks add $191 billion of value in longest rally ever
The Canadian stock market posted its longest streak of gains ever as a rally in commodities pushed the benchmark higher for a 14th straight session.
The $S&P/TSX Composite Index (.SPTSX.CA)$ rose 0.3% to an all-time high Monday. It has added about C$237 billion ($191 billion) in market value during its recent winning streak, according to data compiled by Bloomberg. U.S. oil prices hit $85 a barrel for the first time since 2014 and metals prices also climbed, fueling Monday's rally. Energy and materials make up about 25% of the Canadian benchmark.
Source: Bloomberg, WSJ, CNBC
Asian stocks looked set to rise Tuesday after a record $S&P 500 Index (.SPX.US)$ close as corporate earnings and progress on President Joe Biden's economic agenda helped sentiment even as the debate over inflation risks intensified.
Australian equities pushed higher, while futures climbed for Japan and were steady for Hong Kong. U.S. contracts advanced. The $NASDAQ 100 Index (.NDX.US)$ outperformed overnight amid a $Tesla (TSLA.US)$ rally to a $1 trillion market value.
Tesla hits $1 trillion market cap for the first time after Hertz says it will buy 100,000 electric vehicles
$Tesla (TSLA.US)$ hit a $1 trillion market cap for the first time after $HERTZ GLOBAL HOLDINGS INC (HTZGQ.US)$ said Monday it would buy 100,000 electric vehicles. News of the deal brought Tesla's stock to a new record high just one trading day after the shares topped $900.
The deal comes more than a year after Hertz filed for bankruptcy protection during the height of the coronavirus pandemic, as demand for travel and rental vehicles dropped.
Facebook shares rise as investors focus on earnings beat and look past whistleblower document dump
$Meta Platforms (FB.US)$ shares rose in extended trading on Monday after the company reported better-than-expected third-quarter earnings while revenue missed estimates. The company announced its plans to break out its Facebook Reality Labs into its own reporting segment starting in the fourth quarter.
Facebook said it expects fourth-quarter revenue of $31.5 billion to $34 billion. Analysts were expecting sales of $34.8 billion.
Trump-linked SPAC cools down after short position emerges
$Digital World Acquisition Corp (DWAC.US)$ pulled back Monday following a wild 846% surge last week after a short-seller said it was betting against the Trump-linked special purpose acquisition company.
Shares of Digital World are trading around $89, or nearly nine times the SPAC's in September. The stock, which had traded as high as $122 earlier in the session and $175 on Friday, slipped Monday afternoon as Iceberg Research said on Twitter that it was short DWAC.
PayPal says it's not looking to buy Pinterest right now, shares jump 6%
$PayPal (PYPL.US)$ said in an update on its website that it is "not pursuing an acquisition of Pinterest at this time." Shares of $Pinterest (PINS.US)$ soared last week after Bloomberg first reported that PayPal may acquire the social media company. PayPal's shares were up more than 3% in morning trading Monday on the Nasdaq stock exchange, while shares of Pinterest were down over 12%.
Tesla is towering over megacap tech in the options market
Tesla, despite reporting earnings on Oct. 20, accounted for eight of the top nine most-traded single stock options on Monday.
In contrast, none of $Meta Platforms (FB.US)$, $Alphabet-A (GOOGL.US)$, $Microsoft (MSFT.US)$, $Apple (AAPL.US)$ or $Amazon (AMZN.US)$ options strikes ranked among the 20 most active in Monday trading.
Mastercard partners with Bakkt to bring cryptocurrency payments to the masses
The companies said the partnership will make it easier for banks, financial-technology firms and merchants to offer and accept crypto payments. Banks and other financial institutions that issue cards through Mastercard will be able to issue cryptocurrency debit or credit cards that let people make payments and earn rewards in bitcoin. Other cryptocurrency assets could follow.
$Bakkt Holdings (BKKT.US)$ shares more than tripled to $30.60. $MasterCard (MA.US)$ shares rose 0.6% to $360.86.
Canadian stocks add $191 billion of value in longest rally ever
The Canadian stock market posted its longest streak of gains ever as a rally in commodities pushed the benchmark higher for a 14th straight session.
The $S&P/TSX Composite Index (.SPTSX.CA)$ rose 0.3% to an all-time high Monday. It has added about C$237 billion ($191 billion) in market value during its recent winning streak, according to data compiled by Bloomberg. U.S. oil prices hit $85 a barrel for the first time since 2014 and metals prices also climbed, fueling Monday's rally. Energy and materials make up about 25% of the Canadian benchmark.
Source: Bloomberg, WSJ, CNBC
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$Digital World Acquisition Corp (DWAC.US)$ I hope everyone managed to board the train, and luckily I didn’t short this at 25
Right now, I believe most of us have a similar question in mind - to hold or sell?
Dyodd:
1. Track records of board members
2. Profile of future acquisitions and mergers
3. How does the firm provides value for the stakeholders, and is it sustainable in the future climate
Ultimately, get the fundamentals right. If not, do sit tight and enjoy the hype train 🚀
Right now, I believe most of us have a similar question in mind - to hold or sell?
Dyodd:
1. Track records of board members
2. Profile of future acquisitions and mergers
3. How does the firm provides value for the stakeholders, and is it sustainable in the future climate
Ultimately, get the fundamentals right. If not, do sit tight and enjoy the hype train 🚀
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StockShocks : Dead cat bounce