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 The stock market showed continued momentum on Monday and for the first trading day of November while setting another round of record highs. The gains come ahead of a key Fed update and Friday’s jobs report along with the current 3Q earnings season. The Russell 2000 showed the most strength after ending on the session high of 2,358 (+2.7%). Key resistance at 2,350 was recovered. Continued closes above this level and the mid-March all-time high at 2,360 would be a bullish development for a breakout towards 2,375-2,400. Below is a chart of the IWM. The Nasdaq closed at 15,595 (+0.6%) with the record peak hitting 15,598. Unchartered territory and lower resistance at 15,550-15,700 was cleared and held. A close above the latter would suggest additional upside towards 15,850-16,000. The Dow rallied to a lifetime high of 36,009 on the open while settling at 35,913 (+0.3%). Key resistance at 36,000 was breached but held. Continued closes above this level would signal momentum towards 36,250-36,500. The S&P 500 finished at 4,613 (+0.2%) after tagging a record high of 4,620. Fresh and key resistance at 4,625 was challenged but held. Continued closes above this level would indicate a run towards 4,650-4,675. Claim $500 to $4600 in Hidden Unclaimed Income Every Month Like Clockwork!
 ANALYST UPGRADES/DOWNGRADESIntel (INTC) upgraded to Market Perform from Underperform at Northland   MONDAY'S EARNINGS ANNOUNCEMENTS FRIDAY'S ECONOMIC NEWS    METALS/ OIL   Not sure the best way to get started?Step #1: Get These FREE Reports & Videos |
 HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP IN THIS EPISODE MARK, THE GREASY MEATBALL, AND UNCLE MIKE BREAK DOWN:
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 Musk was responding to a Fox News report earlier Sunday about the proposal in Austin to bulk up the city’s police department and a series of reports on the city's record number of homicides in 2021. Source: Fox Business I hope this article helps in your trading strategy.  The post Elon Musk has one request of Tesla’s new hometown appeared first on Trading Concepts, Inc.. |
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The stock market showed overall strength on Friday despite a couple of key earnings misses and a choppy session. Shares of Apple (APPL) and Amazon (AMZN) held up well with losses of just 1.8% and 2.2%, respectively, after disappointing Wall Street with their quarterly results. The small-caps slacked but managed to squeak out a weekly, and monthly, win along with the other major indexes following another round of record highs. Volatility spiked higher on the open before settling lower for the second-straight session. The Nasdaq made a record run to 15,504 to extend its winning streak to five-straight sessions while finishing at 15,498 (+0.3%). Fresh and lower resistance at 15,450-15,600 was cleared and held. A close above the latter would indicate ongoing momentum towards 15,700-15,850.  The Dow closed at 35,819 (+0.3%) with the late day high hitting 35,852. Key resistance at 35,750 was recovered. Continued closes above this level and the all-time high at 35,892 keeps upside towards 36,000-36,250 in focus.  The S&P 500 ended at 4,605 (+0.2%) after trading to a lifetime high of 4,608. Unchartered territory and key resistance at 4,600 was cleared and held. Continued closes above this level would signal additional strength towards 4,625-4,650.  The Russell 2000 settled at 2,297 with the session low tapping 2,287 (-0.03%). Current and upper support at 2,275-2,250 was challenged but held. A drop below the latter and the 50/200-day moving averages would signal a further back-test towards 2,225-2,200. Below is a chart of the IWM.  Claim $500 to $4600 in Hidden Unclaimed Income Every Month Like Clockwork!
ANALYST UPGRADES/DOWNGRADESAlteryx (AYX) upgraded to Neutral from Underweight at JPMorgan MONDAY'S EARNINGS ANNOUNCEMENTS After the close: Alexanders (ALX), CNA Financial (CNA), Franklin Resources (BEN), Loews (L), ON Semiconductor (ON), SunCoke Energy (SKX), Timken (TKR) MONDAY'S ECONOMIC NEWS METALS/ OIL Not sure the best way to get started?Step #1: Get These FREE Reports & Videos |
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Costco Wholesale Corporation raised its minimum wage to $17 an hour this week, according to reports. "Effective October 25, 2021, we will adjust the starting hourly wages for new employees in the U.S. to $17.00/hour for Service Assistants, $18.00/hour for Service Clerks and $18.50/hour for Meat Cutters," an Oct. 19 memo provided to TODAY Food read. "Current U.S. employees making less than these rates will be moved up to these rates on their scales, and their goal hours will be reset. Please contact your GM or Payroll Clerk with any questions." Trade You Way to a FORTUNE with BioTech and Marijuana Stocks
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 "These increases are part of Costco’s continuing efforts to ensure our hourly wages remain extremely competitive in the retail industry. We remain proud to be able to pay employees well and provide excellent benefits. As in the past, we will review hourly wage scales in connection with the upcoming Employee Agreement," Costco CEO Craig Jelinek reportedly wrote. Source: Fox Business I hope this article helps in your trading strategy. The post Costco reportedly raises minimum wage to $17 an hour appeared first on Trading Concepts, Inc.. |
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The stock market rallied on Thursday following another round of upbeat earnings and slightly mixed economic news. The economy expanded at an annual rate of 2% in the three months through September, below forecasts of 2.6%, while weekly jobless claims fell to a pandemic low. Small-caps paced the gains with the broader market and Tech setting fresh record highs. Meanwhile, volatility eased for the first time in three sessions but remains above key levels of support. The Russell 2000 finished at 2,297 (+2%) following the late day run to 2,298. Lower resistance at 2,275-2,300 was reclaimed. A close above the latter would suggest upside towards 2,325-2,350. The Nasdaq tested a record high of 15,452 before settling at 15,448 (+1.4%). Key resistance at 15,400 was cleared and held. Continued closes above this level would signal additional momentum towards 15,500-15,650. The S&P 500 closed at 4,596 (+1%) after tagging a lifetime high of 4,597. Unchartered territory and lower resistance at 4,575-4,600 was cleared and held. A move above the latter would be an ongoing bullish development for additional strength towards 4,625-4,650. The Dow traded to a peak of 35,742 while ending at 35,730 (+0.7%). Key resistance at 35,750 was challenged but held. A close above this level and Tuesday’s all-time high of 35,892 would indicate a trip towards the 36,000 area. Claim $500 to $4600 in Hidden Unclaimed Income Every Month Like Clockwork!
ANALYST UPGRADES/DOWNGRADESAvis Budget (CAR) downgraded to Neutral from Buy at BofA FRIDAY'S EARNINGS ANNOUNCEMENTS After the close: Amazon.com (AMZN), Apple (AAPL), Deckers Brands (DECK), Frontdoor (FTDR), MicroStrategy (MSTR), ResMed (RMD), Skechers (SKX), Starbucks (SBUX), United States Steel (X), Western Digital (WDC), Zendesk (ZEN) FRIDAY'S ECONOMIC NEWS METALS/ OIL Not sure the best way to get started?Step #1: Get These FREE Reports & Videos |
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HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP IN THIS EPISODE MARK, THE ROCK LOBSTER, AND UNCLE MIKE BREAK DOWN:
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Microsoft (MSFT) has been screaming to higher highs. After bottoming out around $280, the tech stock just gapped to $325.70. All thanks to its latest earnings release
Revenues were up 22% to $45.3 billion. Operating income jumped 27% to $20.2 billion. Net income came in at $20.5 billion GAAP, and $17.2 billion non-GAAP. Both were up 48% and 24%, respectively. Diluted EPS was $2.71 GAAP, and $2.27 non-GAAP, up 49% and 25%. However, if you’re looking to buy it now, wait for it to pullback first. After an explosive run, the stock has become technically overbought on RSI, MACD, and Williams’ %R—and is overdue for a healthy near-term correction. Meanwhile, other analysts are calling for higher highs. For example, Wedbush analyst Dan Ives says it could hit $400. “I think this is just more fuel in the engine to drive this stock higher,” Wedbush analyst Dan Ives told Yahoo Finance. “It just shows [Microsoft CEO Satya Nadella] in this cloud arms race is continuing to gain share.” This is just one of the opportunities we find quite often inside Extreme Option Profits.
 The post Extreme Option Profits Chart of the Day…Microsoft (MSFT) appeared first on Trading Concepts, Inc.. |
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The stock market was mostly lower on Wednesday with Tech the only index to show a slight gain. Better-than-expected earnings from Microsoft (MSFT) and Alphabet (GGOG) helped stem the losses, but a drop in oil prices and a pullback in Treasury yields weighed on cyclical sectors and weighed on the broader market. The Nasdaq ended at 15,235 (+0.0%) for the second-straight session after tagging an intraday high of 15,364. Key resistance at 15,400 was challenged but held. A move above this level and the all-time high at 15,403 would be a bullish development for a run towards 15,500-15,650. The Russell 2000 closed on its session low of 2,252 (-1.9%). Upper support at 2,275-2,250 failed to hold. A move below the latter would signal additional weakness towards 2,225-2,200 and the 50/200-day moving averages. The Dow also went out on the session low of 35,490 (-0.7%). Key support at 35,500 failed to hold. Continued closes below this level would suggest weakness towards 35,250-35,000 and the 50-day moving average. The S&P 500 settled on its session low of 4,551 (-0.5%). Fresh and key support at 4,550 held into the closing bell. A drop below this level would signal a retest towards 4,525-4,500. Claim $500 to $4600 in Hidden Unclaimed Income Every Month Like Clockwork!
ANALYST UPGRADES/DOWNGRADESBancorpSouth (BXS) upgraded to Outperform from Market Perform at Keefe Bruyette THURSDAY'S EARNINGS ANNOUNCEMENTS After the close: Amazon.com (AMZN), Apple (AAPL), Deckers Brands (DECK), Frontdoor (FTDR), MicroStrategy (MSTR), ResMed (RMD), Skechers (SKX), Starbucks (SBUX), United States Steel (X), Western Digital (WDC), Zendesk (ZEN) THURSDAY'S ECONOMIC NEWS METALS/ OIL Not sure the best way to get started?Step #1: Get These FREE Reports & Videos |
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Raytheon Technologies' top boss warned on Tuesday the U.S. aerospace and defense firm will lose 'several thousand' employees who refused to take COVID-19 vaccines, as it prepares to meet the Biden administrations' Jan. 1 deadline for immunization. "We will lose several thousand people," Raytheon Chief Executive Greg Hayes said in a CNBC interview on Tuesday, adding that staff hiring was underway. The company has a total of 125,000 U.S. employees. Raytheon, the maker of Tomahawk missiles, last month said it will require all U.S. employees to be fully vaccinated by mid-December, after the Biden administration mandated immunization for nearly all federal employees and contractors, to widen vaccination coverage in the country. Trade You Way to a FORTUNE with BioTech and Marijuana Stocks
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Many federal contractors, such as Boeing Co, 3M and American Airlines, have announced vaccination mandates since. European plane maker Airbus, which supplies helicopters to the U.S. Army, also joined the list on Tuesday. "We will require all employees and temporary workers of Airbus in the U.S. to be fully vaccinated against COVID-19 by Dec. 8," a company spokesperson said. Other companies such as Gillette maker Procter & Gamble Co also have mandates in place. To be sure, not every company is facing a pushback from its employees. United Food and Commercial Workers, the union which represents 26,000 workers at Tyson Foods Inc, said on Tuesday over 96% employees were now vaccinated. While some other large U.S. employers such as Walmart were yet to issue broad requirements, the Labor Department's standards will require them to introduce mandates. Separately, Raytheon's Hayes said he expects Biden's vaccine mandate to cause "some disruption" in the supply chain in a post-earnings conference call. General Electric, another federal contractor that has mandated vaccines, however, said it was too early to say if the decision would have an impact on the U.S. conglomerate's operations. "We will have a better read as we get closer to the compliance date," GE Chief Executive Larry Culp told Reuters. Source: NewsMax/Reuters Raytheon Warns of Worker Losses as Companies Impose Vaccine Mandate | Newsmax.com I hope this article helps in your trading strategy. The post Raytheon Warns of Worker Losses as Companies Impose Vaccine Mandate appeared first on Trading Concepts, Inc.. |
