After the Boss Calls Bitcoin a 'Fraud' — JP Morgan Buys ...

YIKES, Max Keiser saying banks like JPM will attack Bitcoin as well as merchants on patent grounds, etc

just saw the info wars interview
like i said, plenty of time for this to play out, lower
submitted by Libertymark to Bitcoin [link] [comments]

For Trading April 1

For Trading April 1st
A Normal Day?
Late Selloff No Real Features
Today was as close to a normal day as any I’ve seen in the last 6 weeks. Futures were all over the place last night and opened to the downside this morning but before 10:00 we were back on the upside banging against the 2,640 level for the fourth day in a row. Support around 2,575 seems to be present and we rallied off it several times. However, today’s pickup to a slight new high for the week and closing on the low of the day leads me to the conclusion that we are running out of steam. This week’s range is a meager 95 S&P points, and the Friday close of $2,541 may be an important number. If we go no higher and get back into last week’s range (2191 to 2637) we can head back towards the area of a necessary, test of the current bottom (and I use that term with extreme caution). The volume continues to shrink daily, with the absence of the normal “end of quarter” rebalancing trading. Market internals were just okay with NYSE losers with a slight edge and NASDAQ 1:1. Volume was average for an average day, as were treasury prices. Most of the economic numbers are pre-COVID-19 and I think useless. The DJIA was considerably weaker than the market with 25 down and only 5 up. The only big (?) gainer was CAT on the news that the Great Orange might suspend or delay tariff charges, and it was up only $29 DPs. This has become an incredibly hard market to trade since the IV has become so extreme that if you want to trade an SPY position (as I did today) in order to make even a short-term trade the option prices are so absurd as to skew the risk to unreasonable levels. The example today was a simple one. At a price on the SPY around $259.50, the SPY 4/8 240 puts were $3.30…that’s a week from tomorrow, and $20 out of the money, for $3.30.If for any reason, volatility subsides, these thing will lose a major piece of its premium. If you’re right, and it happens fast, great, however, if it takes more than a day or two, to get started, or moves up, even though it’s not what I expect, it just withers away.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 800 members.
SECTORS: Other names in the news: Since it’s late, I’m going right to two of my favorite topics: Today’s Disaster Du Jour was Amarin Corp (AMRN), a biotech that got an unfavorable ruling on patent litigation related to a potential generic version of Vascepa. The company said it will not affect worldwide patent protection. The stock received several downgrades from Oppenheimer, Goldman, and Stifel, and after closing $13.58 yesterday, it opened $4.22 and finished the day $4.00 -9.58 (70.54%)
On the upside we had two winners with Vivus (VVUS) introducing a remote monitoring platform for use when there is Social Distancing. VVUS is a long way down from its highs in the last decade but came to life today and after closing $ .95 yesterday with an open of $4.00 and finished the day $3.60 +2.65 (279%).
But the HOMERUN OF THE DAY goes to SGBX, maker of modular units for easy and quick construction received a MOU from Transcend Onsite Care to use their technology for container-based modules for medical care. After closing on Monday @ $2.06, it opened $3.80, traded $9.74 and closed $9.30 +7.24 (351.46%) before continuing higher in late trading hitting $12.75 and is currently $10.35.
BIOPHARMA: was MIXED with TEVA the big winner @ 8.87 +.36 (4.23%), REGN +13.90 (2.94%), VRTX +6.03 (2.06%) and LABU -1.09 (4.72%), and IBB $106.35 -2.;49 (2.29%),
CANNABIS: This group was MIXED CRON -.69 (10.88%) the biggest loser, while CURLF -.22 (5.3%) and MJ $11.40 -.15 (1.3%).
DEFENSE: was LOWER with RTN -10.23 (7.24%), UTX -4.25 (4.32%), NOC -12.73 (4.06%) and ITA $142.90-4.67 (3.16%).
RETAIL was LOWER with the group down across the board. M -.53 (9.87%), JWN -.69 (4.37%), KSS -1.60 (9.98%), DDS -4.23 (10.27%), WMT -2.00, TGT -3.68 (3.83%), TJX -1.33 (2.8%), RL -4.75 (6.68%), UAA -.51 (5.33%), LULU -6.56 (3.38%), TPR -.27, CPRI -.50 and XRT $29.78 -.24 (.80%).
FAANG and Big Cap: were LOWER with GOOGL +.69, AMZN -25.95, AAPL -4.21, FB -1.20, NFLX +1.04, NVDA -6.09, TSLA +13.37, BABA +.23, BIDU +1.05, BA -5.78, CAT +3.49, DIS -4.30 (4.31%) and XLK $79.48 -2.42 (2.95%).
FINANCIALS were LOWER with GS -7.12 (4.45%), JPM -4.75 (5.08%), BAC -1.07 (4.85%), MS -1.51 (4.33%), C -2.63 (6.57%), PNC -6.37 (6.31%), AIG -1.81 -1.81, TRV -5..59 (5.45%), AXP -6.14 (6.8%) and XLF $20.82 -.59 (2.76%).
OIL, $20.48 +.39. The stocks were MIXED even with the price of Oil trading higher. NBL was the big winner +.58 (10.92%), DNR -.18 (8.5%), and XLE $28.72+.10 (.35%).
METALS, GOLD: $1,596.60 -46.60 After the recent gains, Gold has failed to break through the highs around $1700 and have fallen back. I will reassess and look for a new entry point.
BITCOIN: closed $6475 + 95. We traded in another short range again today and finished mid-range on the day. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.12 +.07 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

For Trading April 1

For Trading April 1st
A Normal Day?
Late Selloff No Real Features
Today was as close to a normal day as any I’ve seen in the last 6 weeks. Futures were all over the place last night and opened to the downside this morning but before 10:00 we were back on the upside banging against the 2,640 level for the fourth day in a row. Support around 2,575 seems to be present and we rallied off it several times. However, today’s pickup to a slight new high for the week and closing on the low of the day leads me to the conclusion that we are running out of steam. This week’s range is a meager 95 S&P points, and the Friday close of $2,541 may be an important number. If we go no higher and get back into last week’s range (2191 to 2637) we can head back towards the area of a necessary, test of the current bottom (and I use that term with extreme caution). The volume continues to shrink daily, with the absence of the normal “end of quarter” rebalancing trading. Market internals were just okay with NYSE losers with a slight edge and NASDAQ 1:1. Volume was average for an average day, as were treasury prices. Most of the economic numbers are pre-COVID-19 and I think useless. The DJIA was considerably weaker than the market with 25 down and only 5 up. The only big (?) gainer was CAT on the news that the Great Orange might suspend or delay tariff charges, and it was up only $29 DPs. This has become an incredibly hard market to trade since the IV has become so extreme that if you want to trade an SPY position (as I did today) in order to make even a short-term trade the option prices are so absurd as to skew the risk to unreasonable levels. The example today was a simple one. At a price on the SPY around $259.50, the SPY 4/8 240 puts were $3.30…that’s a week from tomorrow, and $20 out of the money, for $3.30.If for any reason, volatility subsides, these thing will lose a major piece of its premium. If you’re right, and it happens fast, great, however, if it takes more than a day or two, to get started, or moves up, even though it’s not what I expect, it just withers away.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 800 members.
SECTORS: Other names in the news: Since it’s late, I’m going right to two of my favorite topics: Today’s Disaster Du Jour was Amarin Corp (AMRN), a biotech that got an unfavorable ruling on patent litigation related to a potential generic version of Vascepa. The company said it will not affect worldwide patent protection. The stock received several downgrades from Oppenheimer, Goldman, and Stifel, and after closing $13.58 yesterday, it opened $4.22 and finished the day $4.00 -9.58 (70.54%)
On the upside we had two winners with Vivus (VVUS) introducing a remote monitoring platform for use when there is Social Distancing. VVUS is a long way down from its highs in the last decade but came to life today and after closing $ .95 yesterday with an open of $4.00 and finished the day $3.60 +2.65 (279%).
But the HOMERUN OF THE DAY goes to SGBX, maker of modular units for easy and quick construction received a MOU from Transcend Onsite Care to use their technology for container-based modules for medical care. After closing on Monday @ $2.06, it opened $3.80, traded $9.74 and closed $9.30 +7.24 (351.46%) before continuing higher in late trading hitting $12.75 and is currently $10.35.
BIOPHARMA: was MIXED with TEVA the big winner @ 8.87 +.36 (4.23%), REGN +13.90 (2.94%), VRTX +6.03 (2.06%) and LABU -1.09 (4.72%), and IBB $106.35 -2.;49 (2.29%),
CANNABIS: This group was MIXED CRON -.69 (10.88%) the biggest loser, while CURLF -.22 (5.3%) and MJ $11.40 -.15 (1.3%).
DEFENSE: was LOWER with RTN -10.23 (7.24%), UTX -4.25 (4.32%), NOC -12.73 (4.06%) and ITA $142.90-4.67 (3.16%).
RETAIL was LOWER with the group down across the board. M -.53 (9.87%), JWN -.69 (4.37%), KSS -1.60 (9.98%), DDS -4.23 (10.27%), WMT -2.00, TGT -3.68 (3.83%), TJX -1.33 (2.8%), RL -4.75 (6.68%), UAA -.51 (5.33%), LULU -6.56 (3.38%), TPR -.27, CPRI -.50 and XRT $29.78 -.24 (.80%).
FAANG and Big Cap: were LOWER with GOOGL +.69, AMZN -25.95, AAPL -4.21, FB -1.20, NFLX +1.04, NVDA -6.09, TSLA +13.37, BABA +.23, BIDU +1.05, BA -5.78, CAT +3.49, DIS -4.30 (4.31%) and XLK $79.48 -2.42 (2.95%).
FINANCIALS were LOWER with GS -7.12 (4.45%), JPM -4.75 (5.08%), BAC -1.07 (4.85%), MS -1.51 (4.33%), C -2.63 (6.57%), PNC -6.37 (6.31%), AIG -1.81 -1.81, TRV -5..59 (5.45%), AXP -6.14 (6.8%) and XLF $20.82 -.59 (2.76%).
OIL, $20.48 +.39. The stocks were MIXED even with the price of Oil trading higher. NBL was the big winner +.58 (10.92%), DNR -.18 (8.5%), and XLE $28.72+.10 (.35%).
METALS, GOLD: $1,596.60 -46.60 After the recent gains, Gold has failed to break through the highs around $1700 and have fallen back. I will reassess and look for a new entry point.
BITCOIN: closed $6475 + 95. We traded in another short range again today and finished mid-range on the day. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.12 +.07 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

For Trading April 1

For Trading April 1st
A Normal Day?
Late Selloff No Real Features
Today was as close to a normal day as any I’ve seen in the last 6 weeks. Futures were all over the place last night and opened to the downside this morning but before 10:00 we were back on the upside banging against the 2,640 level for the fourth day in a row. Support around 2,575 seems to be present and we rallied off it several times. However, today’s pickup to a slight new high for the week and closing on the low of the day leads me to the conclusion that we are running out of steam. This week’s range is a meager 95 S&P points, and the Friday close of $2,541 may be an important number. If we go no higher and get back into last week’s range (2191 to 2637) we can head back towards the area of a necessary, test of the current bottom (and I use that term with extreme caution). The volume continues to shrink daily, with the absence of the normal “end of quarter” rebalancing trading. Market internals were just okay with NYSE losers with a slight edge and NASDAQ 1:1. Volume was average for an average day, as were treasury prices. Most of the economic numbers are pre-COVID-19 and I think useless. The DJIA was considerably weaker than the market with 25 down and only 5 up. The only big (?) gainer was CAT on the news that the Great Orange might suspend or delay tariff charges, and it was up only $29 DPs. This has become an incredibly hard market to trade since the IV has become so extreme that if you want to trade an SPY position (as I did today) in order to make even a short-term trade the option prices are so absurd as to skew the risk to unreasonable levels. The example today was a simple one. At a price on the SPY around $259.50, the SPY 4/8 240 puts were $3.30…that’s a week from tomorrow, and $20 out of the money, for $3.30.If for any reason, volatility subsides, these thing will lose a major piece of its premium. If you’re right, and it happens fast, great, however, if it takes more than a day or two, to get started, or moves up, even though it’s not what I expect, it just withers away.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 800 members.
SECTORS: Other names in the news: Since it’s late, I’m going right to two of my favorite topics: Today’s Disaster Du Jour was Amarin Corp (AMRN), a biotech that got an unfavorable ruling on patent litigation related to a potential generic version of Vascepa. The company said it will not affect worldwide patent protection. The stock received several downgrades from Oppenheimer, Goldman, and Stifel, and after closing $13.58 yesterday, it opened $4.22 and finished the day $4.00 -9.58 (70.54%)
On the upside we had two winners with Vivus (VVUS) introducing a remote monitoring platform for use when there is Social Distancing. VVUS is a long way down from its highs in the last decade but came to life today and after closing $ .95 yesterday with an open of $4.00 and finished the day $3.60 +2.65 (279%).
But the HOMERUN OF THE DAY goes to SGBX, maker of modular units for easy and quick construction received a MOU from Transcend Onsite Care to use their technology for container-based modules for medical care. After closing on Monday @ $2.06, it opened $3.80, traded $9.74 and closed $9.30 +7.24 (351.46%) before continuing higher in late trading hitting $12.75 and is currently $10.35.
BIOPHARMA: was MIXED with TEVA the big winner @ 8.87 +.36 (4.23%), REGN +13.90 (2.94%), VRTX +6.03 (2.06%) and LABU -1.09 (4.72%), and IBB $106.35 -2.;49 (2.29%),
CANNABIS: This group was MIXED CRON -.69 (10.88%) the biggest loser, while CURLF -.22 (5.3%) and MJ $11.40 -.15 (1.3%).
DEFENSE: was LOWER with RTN -10.23 (7.24%), UTX -4.25 (4.32%), NOC -12.73 (4.06%) and ITA $142.90-4.67 (3.16%).
RETAIL was LOWER with the group down across the board. M -.53 (9.87%), JWN -.69 (4.37%), KSS -1.60 (9.98%), DDS -4.23 (10.27%), WMT -2.00, TGT -3.68 (3.83%), TJX -1.33 (2.8%), RL -4.75 (6.68%), UAA -.51 (5.33%), LULU -6.56 (3.38%), TPR -.27, CPRI -.50 and XRT $29.78 -.24 (.80%).
FAANG and Big Cap: were LOWER with GOOGL +.69, AMZN -25.95, AAPL -4.21, FB -1.20, NFLX +1.04, NVDA -6.09, TSLA +13.37, BABA +.23, BIDU +1.05, BA -5.78, CAT +3.49, DIS -4.30 (4.31%) and XLK $79.48 -2.42 (2.95%).
FINANCIALS were LOWER with GS -7.12 (4.45%), JPM -4.75 (5.08%), BAC -1.07 (4.85%), MS -1.51 (4.33%), C -2.63 (6.57%), PNC -6.37 (6.31%), AIG -1.81 -1.81, TRV -5..59 (5.45%), AXP -6.14 (6.8%) and XLF $20.82 -.59 (2.76%).
OIL, $20.48 +.39. The stocks were MIXED even with the price of Oil trading higher. NBL was the big winner +.58 (10.92%), DNR -.18 (8.5%), and XLE $28.72+.10 (.35%).
METALS, GOLD: $1,596.60 -46.60 After the recent gains, Gold has failed to break through the highs around $1700 and have fallen back. I will reassess and look for a new entry point.
BITCOIN: closed $6475 + 95. We traded in another short range again today and finished mid-range on the day. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.12 +.07 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

For Trading April 1

For Trading April 1st
A Normal Day?
Late Selloff No Real Features
Today was as close to a normal day as any I’ve seen in the last 6 weeks. Futures were all over the place last night and opened to the downside this morning but before 10:00 we were back on the upside banging against the 2,640 level for the fourth day in a row. Support around 2,575 seems to be present and we rallied off it several times. However, today’s pickup to a slight new high for the week and closing on the low of the day leads me to the conclusion that we are running out of steam. This week’s range is a meager 95 S&P points, and the Friday close of $2,541 may be an important number. If we go no higher and get back into last week’s range (2191 to 2637) we can head back towards the area of a necessary, test of the current bottom (and I use that term with extreme caution). The volume continues to shrink daily, with the absence of the normal “end of quarter” rebalancing trading. Market internals were just okay with NYSE losers with a slight edge and NASDAQ 1:1. Volume was average for an average day, as were treasury prices. Most of the economic numbers are pre-COVID-19 and I think useless. The DJIA was considerably weaker than the market with 25 down and only 5 up. The only big (?) gainer was CAT on the news that the Great Orange might suspend or delay tariff charges, and it was up only $29 DPs. This has become an incredibly hard market to trade since the IV has become so extreme that if you want to trade an SPY position (as I did today) in order to make even a short-term trade the option prices are so absurd as to skew the risk to unreasonable levels. The example today was a simple one. At a price on the SPY around $259.50, the SPY 4/8 240 puts were $3.30…that’s a week from tomorrow, and $20 out of the money, for $3.30.If for any reason, volatility subsides, these thing will lose a major piece of its premium. If you’re right, and it happens fast, great, however, if it takes more than a day or two, to get started, or moves up, even though it’s not what I expect, it just withers away.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 800 members.
SECTORS: Other names in the news: Since it’s late, I’m going right to two of my favorite topics: Today’s Disaster Du Jour was Amarin Corp (AMRN), a biotech that got an unfavorable ruling on patent litigation related to a potential generic version of Vascepa. The company said it will not affect worldwide patent protection. The stock received several downgrades from Oppenheimer, Goldman, and Stifel, and after closing $13.58 yesterday, it opened $4.22 and finished the day $4.00 -9.58 (70.54%)
On the upside we had two winners with Vivus (VVUS) introducing a remote monitoring platform for use when there is Social Distancing. VVUS is a long way down from its highs in the last decade but came to life today and after closing $ .95 yesterday with an open of $4.00 and finished the day $3.60 +2.65 (279%).
But the HOMERUN OF THE DAY goes to SGBX, maker of modular units for easy and quick construction received a MOU from Transcend Onsite Care to use their technology for container-based modules for medical care. After closing on Monday @ $2.06, it opened $3.80, traded $9.74 and closed $9.30 +7.24 (351.46%) before continuing higher in late trading hitting $12.75 and is currently $10.35.
BIOPHARMA: was MIXED with TEVA the big winner @ 8.87 +.36 (4.23%), REGN +13.90 (2.94%), VRTX +6.03 (2.06%) and LABU -1.09 (4.72%), and IBB $106.35 -2.;49 (2.29%),
CANNABIS: This group was MIXED CRON -.69 (10.88%) the biggest loser, while CURLF -.22 (5.3%) and MJ $11.40 -.15 (1.3%).
DEFENSE: was LOWER with RTN -10.23 (7.24%), UTX -4.25 (4.32%), NOC -12.73 (4.06%) and ITA $142.90-4.67 (3.16%).
RETAIL was LOWER with the group down across the board. M -.53 (9.87%), JWN -.69 (4.37%), KSS -1.60 (9.98%), DDS -4.23 (10.27%), WMT -2.00, TGT -3.68 (3.83%), TJX -1.33 (2.8%), RL -4.75 (6.68%), UAA -.51 (5.33%), LULU -6.56 (3.38%), TPR -.27, CPRI -.50 and XRT $29.78 -.24 (.80%).
FAANG and Big Cap: were LOWER with GOOGL +.69, AMZN -25.95, AAPL -4.21, FB -1.20, NFLX +1.04, NVDA -6.09, TSLA +13.37, BABA +.23, BIDU +1.05, BA -5.78, CAT +3.49, DIS -4.30 (4.31%) and XLK $79.48 -2.42 (2.95%).
FINANCIALS were LOWER with GS -7.12 (4.45%), JPM -4.75 (5.08%), BAC -1.07 (4.85%), MS -1.51 (4.33%), C -2.63 (6.57%), PNC -6.37 (6.31%), AIG -1.81 -1.81, TRV -5..59 (5.45%), AXP -6.14 (6.8%) and XLF $20.82 -.59 (2.76%).
OIL, $20.48 +.39. The stocks were MIXED even with the price of Oil trading higher. NBL was the big winner +.58 (10.92%), DNR -.18 (8.5%), and XLE $28.72+.10 (.35%).
METALS, GOLD: $1,596.60 -46.60 After the recent gains, Gold has failed to break through the highs around $1700 and have fallen back. I will reassess and look for a new entry point.
BITCOIN: closed $6475 + 95. We traded in another short range again today and finished mid-range on the day. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.12 +.07 today.
Tomorrow is another day.
CAM
submitted by Dashover to optionstrading [link] [comments]

For Trading February 6th

For Trading February 6th PELETON MISS, DIS & QCOM BEAT
CHINA STOCKS REVERSE ON LIES
Even ENERGY Recovers
ISM better than expected.
Today’s market was off to the races from the start on the third day of China manufacturing money it does not have to buoy their markets (a move that never works long term) and after telling the world things were better, they spilled the beans that it just isn’t true. While it helped BABA trade up to $230 premarket, by 10:30 -11:00 it was $217.54 and while it did regain a bit, it still finished $22.22, well off the highs, same thing for BIDU about $5 off its high. We closed at new highs in NASDAQ and S&P 500, while the DJIA missed by a bit, but did close near the high of + 501 with a finish of +483.22 (1.68%), NASDAQ +40.71 (.43%), S&P 500 +37.10 (1.13%), the Russell +25.16 (1.52%) and the DJ Transports +145 .81 (1.35%). Market internals were strong, but not excessive at 3:1 on NYSE and 2:1 on the NAZ. The DJIA was 4:1 with the big losers, DIS -23 and MRK -17 DPs while we had the biggest winner, UNH +100DP’s, BA +79, IBM +49 and MMM +35. All in all, a very strong day. Questionable news, but the result positive. Energy, healthcare and financials were higher and real estate and communication services were lower.
Just a quote I happened to come across in what I call “beach reading” by James Patterson, that really hit home in this current political season, by Plato, “One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.”
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: The big news the initial lies from China, later admitted to, that yesterday was the biggest number of new cases of just over 3,100. Today, as it turns out is +2900 or so, and an admitted death number of just under 600. Really? I’m not a believer. The number is still 10X what they admit.
DIS had great numbers last night even with the closure of both Shanghai and Hong Kong, the big surprise was the number of participants in Disney’s streaming service. The original estimate was for 30 million by 2024, and the actual number is already 28.6 million. The stock had been up just under $135 a week ago, but it also had 3 gaps higher, and as I mentioned when we shorted RAD, that is almost always an “exhaustion” and causes a pullback. I don’t think we can compare RAD and DIS, but I wouldn’t be surprised if the selloff from $147.30 to a low of $138.57 will give us a reasonable entry point. IRBT reported a soft Q4 but a great year and the stock rallied from a close of $49.11 to hit $60.90 before falling back to $50.34 + 1.23. Peloton (PTON) beat on revenues but missed on earnings. The company’s attitude of growth “at all costs” is not something that Wall Street is tolerant of these days and the stock, which fell from its IPO to a low of $20.46 and then moved back $37 had closed $32.70 fell to $27.30 and is currently $30.10 -2.60. On the IPO front, Casper (mattress) CSPR, was originally to be priced from $17-19, and lowered to $12–13 was priced @$12, and will start trading tomorrow. One of the biggest gainers was BIIB, who won its case with MYL over the patent for Tecfidera, its blockbuster MS drug, which produced revenues of $4.4Billion in 2019. Also on the schedule for FDA approval is Aducanumab, their investigative Alzheimer’s treatment. The stock was $332.87 +49.58 (17.5%) after trading as high as $374.99 during the day.
BIOPHARMA: was HIGHER with BIIB +49.96 (see above), ABBV +2.74, REGN +16, ISRG +2.49, MYL +.65, TEVA +.03, VRTX +1.90, BHC +.24, INCY + 2.12, ICPT +.31, LABU +4.02 and IBB $122.25 +3.70 (3.12%).
CANNABIS: stocks were MIXED TO LOWER with TLRY -.52, CGC -.88, CRON -.15, GWPH +.56, ACB -.03, PYX -.13, APHA -.14, NBEV +.08, ACRGF -.09, CURLF -.20, KERN +.10 and MJ $16.72 -.24 (1.42%).
DEFENSE: was HIGHER with LMT +4.41, RTN +2.43, GD +4.44, TXT +.03, UTX +2.63, NOC +5.99, BWXT +.98, TDY +1.82, and ITA $234.89 +3.78 (1.64%).
RETAIL was HIGHER with M +.98 (on new store closings), JWN +2.16, DDS +2.42, KSS +2.78, JCP +.01, WMT +1.68, TGT +2.35, TJX -.94, RL -1.17, UAA -.06, LULU -3.50, TPR +1.19, CPRI +2.55, and XRT $44.86 +1.03 (2.35%).
FAANG and Big Cap: were MIXED with GOOGL +.64, AMZN -8.67, AAPL +2.95, FB +.27, NFLX +.29, NVDA +3.67, TSLA -156.07 (17.59%), BABA -1.63, BIDU -.61, IBM +6.89, DIS -3.37, BA +11.06, CAT +3.93 and XLK $99.80 +.68 (.69%).
FINANCIALS were HIGHER with rates and GS +2.91, JPM +2.33, BAC +1.09, MS +1.08, C +2.32, PNC +3.13, AIG +1.83, TRV +4.20, AXP +2.08, and XLF $31.09 +.63 (2.07%).
OIL, $50.75 + 1.14. Today’s action was a rally off the lows below $50, closing near the highs. The stocks were HIGHER with the oil market, even XOM +2.79, and XLE $55.21 +2.28 (4.31%).
METALS, GOLD: $1,562.80 +7.30 after breaking out and tried overnight to make it back over $1,600, but failed and closed near the low of the day. We ran into some excessive supply at $1,598.50 and turning prices back today. We bought the GLD 2/149 calls @ $1.10 and got stopped out yesterday @ $ .55 on the 50% Down Rule.
BITCOIN: closed $9,830 +575. We broke to the upside last week and managed a close on the highs and continue today, touching $9,995. We are back into the supply around the round number @ $10,000. We own 750 GBTC with an average of $8.89. GBTC closed $11.51 + .97 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

JPMorgan coin could destroy Ripple

JPMorgan coin could destroy Ripple
The announce of JPMorgan coin has made some noise among the cryptocurrency community. And Ripple`s top management isn`t an exception.
https://preview.redd.it/2qfor21qhhh21.jpg?width=1000&format=pjpg&auto=webp&s=e065a78946aaed519c5aa4d0d457ebd5f5b37d42
JPM Coin is capable of destroying Ripple. We remain that Ripple is a company that specializes in cross-border payment.
BlombergTV editor Joe Weisenthal wrote on his Twitter page: “If it turns out that the Blockchain/Coin framework turns out to be a good one for banks transferring money around, then the JPM Coin should absolutely obliterate Ripple”
Authoritative trader under a nickname WhalePanda agrees with Weisenthal`s statement. “If you listen very carefully you will hear all Ripple holders now scream in agony,” said the expert.
The new initiative from JPMorgan has found a response among other well-known representatives of the crypto community. Thus, the “self-proclaimed Satoshi Nakamoto” Craig Wright wrote that he was possessed a patent, allegedly capable of restricting the right to issue JPM Coin.
Brad Garlinghouse, the head of Ripple, also responded to JPMorgan’s plans. He believes that there is no point in cryptocurrencies launched by banks. He is sure that if banks want to make deals with each other, they will have to exchange their unique digital currencies for Fiat. According to Garlinghouse`s statement, this approach is complete nonsense.
https://preview.redd.it/0f1itc6rhhh21.jpg?width=1440&format=pjpg&auto=webp&s=baa2b87e4e0f888a9fe1ce67b7b76b460512386a
“As predicted, banks are changing their tune on crypto. But this JPM project misses the point – introducing a closed network today is like launching AOL after Netscape’s IPO,” wrote Ripple`s CEO.
GMOTrading notes that many smaller financial institutions also have plans to release its own digital assets.
For example, representatives of the New York-based Signature Bank said that they have been using Ethereum solutions from the Signet platform for several months, which allows them to instantly transfer dollar-linked stablecoins. More than 100 people already use the system. In addition, an average of $250K is on each account.
You can find more information about the cryptocurrency market, Bitcoin and Ripple on GMOTrading platform.

The information above cannot be considered as an investment advice and past results do not indicate future performance.
\*Investors should have experience and understand the risks of losing all the initial investment)
submitted by GMO_Trading to CryptocurrencyICO [link] [comments]

Wtf is this? Why did it drop again?

Seriously... Again???? Almost 12% drop in 15 minutes. What happened?
submitted by KroniK907 to Bitcoin [link] [comments]

JP Morgan invested in blockchain, developed a version of Ethereum called Quorum. Explains the recent comments on Bitcoin being a "fraud" by CEO Jamie Dimon...

For those of you unaware, the big news in cryptos the last few days was what JP Morgan CEO Jamie Dimon had to say on BTC. Basically he said it was a "fraud", "not real", and would be shut down by the US government.
This makes complete sense when you realize that Dimon has initiated projects using blockchain including the most recent, Quorum, a program for banks to use smart contracts and share information easily.
More info here: https://www.jpmorgan.com/global/Quorum
Dimon was also CEO of JP Morgan in 2013 when they tried to apply for around 175 patents that used blockchain. They all failed.
Dimon is trying to specifically discredit Bitcoin in order to make Ethereum look like a more appealing option for those wanting to invest in cryptos but don't know much about the current state of things. The more competitive Ethereum gets with Bitcoin, JPM's project Quorum becomes less costly and more efficient, boosting Dimon's popularity among investors. The comments from Dimon are extremely calculated and he knows what he is doing. He didn't become a billionaire by being dumb and uninformed. He is making calculated, strategic comments that make people less likely to put their money in BTC.
There has been almost no media coverage on this. It's important that people are aware of it. I'm posting it here because I think you all should be aware of Dimon's motives. I also posted here because many of you will end up sharing the information elsewhere to others who may actually consider what Dimon says seriously. Someone I know who isn't invested in cryptos and that doesn't follow BTC told me to be careful with Bitcoin and to read a mainstream news article on what Dimon said. I had to explain why, what Dimon says, is a completely un-credible source (this whole post was only one of my reasons many reasons but you all know are aware of the the others).
submitted by laschke to Bitcoin [link] [comments]

10/11 Wednesday Stock Market Movers & News

Good morning traders of the StockMarket sub! Happy Wednesday to all of you! Here are your pre-market stock market movers & news this morning-

Frontrunning: October 11

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S IPO'S:

(CLICK HERE FOR THIS WEEK'S IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($BAC $C $JPM $DAL $DPZ $BLK $FAST $WFC $CUDA $OZRK $PNC $LNN $FRC $FHN $JBHT $DFRG $VOXX $SAR $HAWK $EXFO)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

NONE.

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)

THIS MORNING'S INSIDER TRADING FILINGS:

(CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • HMNY
  • MNKD
  • ACRX
  • DAL
  • SNN
  • INAP
  • DQ
  • BLK
  • MU
  • UNG
  • FAST
  • BIOP
  • UGAZ
  • OZRK
  • RRC
  • PYPL
  • XLP
  • SNAP
  • FB
  • BUD
  • GBT
  • MACK
  • SNE
  • CZR

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
BlackRock – The asset management firm reported adjusted quarterly profit of $5.92 per share, well above the consensus $5.56 a share estimate. Revenue also beat forecasts. BlackRock now has close to $6 trillion under management and CEO Larry Fink told CNBC strength in the global economy is helping spur investor demand.

STOCK SYMBOL: BLK

(CLICK HERE FOR LIVE STOCK QUOTE!)
Delta Air Lines – The airline beat forecasts by four cents a share, with adjusted quarterly profit of $1.57 per share. Revenue was ahead of forecasts, as well. Delta CEO Ed Bastian told CNBC that the airline had a very good quarter, especially considering the impact of the various hurricanes, and that strong demand is overcoming industry pricing pressure for Delta.

STOCK SYMBOL: DAL

(CLICK HERE FOR LIVE STOCK QUOTE!)
FedEx – KeyBanc began coverage of FedEx with an "overweight" rating, saying the delivery company will benefit from improving air freight demand as well as a favorable macroeconomic environment.

STOCK SYMBOL: FDX

(CLICK HERE FOR LIVE STOCK QUOTE!)
American Express – Wells Fargo added American Express to its "priority stock" list, saying the credit card issuer has survived the "perfect storm" of the past few years and is back in a winning position.

STOCK SYMBOL: AXP

(CLICK HERE FOR LIVE STOCK QUOTE!)
General Electric – JPMorgan Chase is calling the early exit of several key executives a negative, and said that it now sees a dividend cut as increasingly likely.

STOCK SYMBOL: GE

(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com – A Morgan Stanley analyst wrote a note saying Amazon's private label business could add $1 billion annually to the bottom line by 2019.

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Alibaba – Alibaba is investing $15 billion in overseas research hubs, unveiling plans to build such facilities in China, Israel, the U.S., Russia, and Singapore.

STOCK SYMBOL: BABA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Molina Healthcare – Molina appointed former Aetna executive Joseph Zubretsky as President and Chief Executive Officer, effective November 6. Chief Financial Officer Joseph White had been serving as interim CEO of the health insurer following the dismissal in May of Mario Molina, as well as CFO John Molina.

STOCK SYMBOL: MOH

(CLICK HERE FOR LIVE STOCK QUOTE!)
Time Inc. – Time is cutting back on both the circulation and frequency of its well-known magazines, including Time, Sports Illustrated, Entertainment Weekly, and Fortune, as part of a cost-cutting and restructuring program.

STOCK SYMBOL: TIME

(CLICK HERE FOR LIVE STOCK QUOTE!)
Equifax – The credit reporting agency's massive data breach compromised driver's license data for about 10.9 million Americans, according to The Wall Street Journal citing people familiar with the matter.

STOCK SYMBOL: EFX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Allergan – The drugmaker's recent patent deal with a Native American tribe is drawing the ire of health insurers, hospitals, and generic drugmakers. A coalition made up of those groups have asked Congress to examine the deal, calling it a brazen attempt to circumvent U.S. law. Allergan had maintained that the move was a way to protect its intellectual property from "unfair challenges."

STOCK SYMBOL: AGN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Symantec – Symantec has stopped letting governments review software source code. CEO Greg Clark told Reuters that allowing such scrutiny compromises the security of the cybersecurity firm's products.

STOCK SYMBOL: SYMC

(CLICK HERE FOR LIVE STOCK QUOTE!)
Micron Technology – Micron shares are under pressure after the chip maker announced plans for a $1 billion secondary stock offering. Micron plans to use the proceeds to pay down its debt.

STOCK SYMBOL: MU

(CLICK HERE FOR LIVE STOCK QUOTE!)
Johnson & Johnson – J&J was upgraded to "buy" from "hold" at Jefferies, citing the company's growth prospects, with the price target for the stock increased to $157 per share from $145.

STOCK SYMBOL: JNJ

(CLICK HERE FOR LIVE STOCK QUOTE!)
Barracuda Networks – Barracuda reported adjusted quarterly profit of 17 cents per share, matching estimates, while the cybersecurity company's revenue exceeded forecasts. Shares are under pressure, however, on lower-than-expected current-quarter earnings and revenue guidance.

STOCK SYMBOL: CUDA

(CLICK HERE FOR LIVE STOCK QUOTE!)

FULL DISCLOSURE:

bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.

DISCUSS!

What is on everyone's radar for today's trading day ahead here at StockMarket?

I hope you all have an excellent trading day ahead today on this Wednesday, October the 11th! :)

submitted by bigbear0083 to StockMarket [link] [comments]

10/11 Wednesday Stock Market Movers & News

Good morning traders of the stocks sub! Happy Wednesday to all of you! Here are your pre-market stock market movers & news this morning-

Frontrunning: October 11

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S IPO'S:

(CLICK HERE FOR THIS WEEK'S IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($BAC $C $JPM $DAL $DPZ $BLK $FAST $WFC $CUDA $OZRK $PNC $LNN $FRC $FHN $JBHT $DFRG $VOXX $SAR $HAWK $EXFO)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

NONE.

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)

THIS MORNING'S INSIDER TRADING FILINGS:

(CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • HMNY
  • MNKD
  • ACRX
  • DAL
  • SNN
  • INAP
  • DQ
  • BLK
  • MU
  • UNG
  • FAST
  • BIOP
  • UGAZ
  • OZRK
  • RRC
  • PYPL
  • XLP
  • SNAP
  • FB
  • BUD
  • GBT
  • MACK
  • SNE
  • CZR

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
BlackRock – The asset management firm reported adjusted quarterly profit of $5.92 per share, well above the consensus $5.56 a share estimate. Revenue also beat forecasts. BlackRock now has close to $6 trillion under management and CEO Larry Fink told CNBC strength in the global economy is helping spur investor demand.

STOCK SYMBOL: BLK

(CLICK HERE FOR LIVE STOCK QUOTE!)
Delta Air Lines – The airline beat forecasts by four cents a share, with adjusted quarterly profit of $1.57 per share. Revenue was ahead of forecasts, as well. Delta CEO Ed Bastian told CNBC that the airline had a very good quarter, especially considering the impact of the various hurricanes, and that strong demand is overcoming industry pricing pressure for Delta.

STOCK SYMBOL: DAL

(CLICK HERE FOR LIVE STOCK QUOTE!)
FedEx – KeyBanc began coverage of FedEx with an "overweight" rating, saying the delivery company will benefit from improving air freight demand as well as a favorable macroeconomic environment.

STOCK SYMBOL: FDX

(CLICK HERE FOR LIVE STOCK QUOTE!)
American Express – Wells Fargo added American Express to its "priority stock" list, saying the credit card issuer has survived the "perfect storm" of the past few years and is back in a winning position.

STOCK SYMBOL: AXP

(CLICK HERE FOR LIVE STOCK QUOTE!)
General Electric – JPMorgan Chase is calling the early exit of several key executives a negative, and said that it now sees a dividend cut as increasingly likely.

STOCK SYMBOL: GE

(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com – A Morgan Stanley analyst wrote a note saying Amazon's private label business could add $1 billion annually to the bottom line by 2019.

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Alibaba – Alibaba is investing $15 billion in overseas research hubs, unveiling plans to build such facilities in China, Israel, the U.S., Russia, and Singapore.

STOCK SYMBOL: BABA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Molina Healthcare – Molina appointed former Aetna executive Joseph Zubretsky as President and Chief Executive Officer, effective November 6. Chief Financial Officer Joseph White had been serving as interim CEO of the health insurer following the dismissal in May of Mario Molina, as well as CFO John Molina.

STOCK SYMBOL: MOH

(CLICK HERE FOR LIVE STOCK QUOTE!)
Time Inc. – Time is cutting back on both the circulation and frequency of its well-known magazines, including Time, Sports Illustrated, Entertainment Weekly, and Fortune, as part of a cost-cutting and restructuring program.

STOCK SYMBOL: TIME

(CLICK HERE FOR LIVE STOCK QUOTE!)
Equifax – The credit reporting agency's massive data breach compromised driver's license data for about 10.9 million Americans, according to The Wall Street Journal citing people familiar with the matter.

STOCK SYMBOL: EFX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Allergan – The drugmaker's recent patent deal with a Native American tribe is drawing the ire of health insurers, hospitals, and generic drugmakers. A coalition made up of those groups have asked Congress to examine the deal, calling it a brazen attempt to circumvent U.S. law. Allergan had maintained that the move was a way to protect its intellectual property from "unfair challenges."

STOCK SYMBOL: AGN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Symantec – Symantec has stopped letting governments review software source code. CEO Greg Clark told Reuters that allowing such scrutiny compromises the security of the cybersecurity firm's products.

STOCK SYMBOL: SYMC

(CLICK HERE FOR LIVE STOCK QUOTE!)
Micron Technology – Micron shares are under pressure after the chip maker announced plans for a $1 billion secondary stock offering. Micron plans to use the proceeds to pay down its debt.

STOCK SYMBOL: MU

(CLICK HERE FOR LIVE STOCK QUOTE!)
Johnson & Johnson – J&J was upgraded to "buy" from "hold" at Jefferies, citing the company's growth prospects, with the price target for the stock increased to $157 per share from $145.

STOCK SYMBOL: JNJ

(CLICK HERE FOR LIVE STOCK QUOTE!)
Barracuda Networks – Barracuda reported adjusted quarterly profit of 17 cents per share, matching estimates, while the cybersecurity company's revenue exceeded forecasts. Shares are under pressure, however, on lower-than-expected current-quarter earnings and revenue guidance.

STOCK SYMBOL: CUDA

(CLICK HERE FOR LIVE STOCK QUOTE!)

FULL DISCLOSURE:

bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.

DISCUSS!

What is on everyone's radar for today's trading day ahead here at stocks?

I hope you all have an excellent trading day ahead today on this Wednesday, October the 11th! :)

submitted by bigbear0083 to stocks [link] [comments]

10/11 Wednesday Stock Market Movers & News

Good morning traders! Happy Wednesday to all of you! Here are your pre-market stock market movers & news this morning-

(CLICK HERE TO VIEW THE FULL SOURCE!)

Frontrunning: October 11

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S IPO'S:

(CLICK HERE FOR THIS WEEK'S IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($BAC $C $JPM $DAL $DPZ $BLK $FAST $WFC $CUDA $OZRK $PNC $LNN $FRC $FHN $JBHT $DFRG $VOXX $SAR $HAWK $EXFO)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

NONE.

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)

THIS MORNING'S INSIDER TRADING FILINGS:

(CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • HMNY
  • MNKD
  • ACRX
  • DAL
  • SNN
  • INAP
  • DQ
  • BLK
  • MU
  • UNG
  • FAST
  • BIOP
  • UGAZ
  • OZRK
  • RRC
  • PYPL
  • XLP
  • SNAP
  • FB
  • BUD
  • GBT
  • MACK
  • SNE
  • CZR

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
BlackRock – The asset management firm reported adjusted quarterly profit of $5.92 per share, well above the consensus $5.56 a share estimate. Revenue also beat forecasts. BlackRock now has close to $6 trillion under management and CEO Larry Fink told CNBC strength in the global economy is helping spur investor demand.

STOCK SYMBOL: BLK

(CLICK HERE FOR LIVE STOCK QUOTE!)
Delta Air Lines – The airline beat forecasts by four cents a share, with adjusted quarterly profit of $1.57 per share. Revenue was ahead of forecasts, as well. Delta CEO Ed Bastian told CNBC that the airline had a very good quarter, especially considering the impact of the various hurricanes, and that strong demand is overcoming industry pricing pressure for Delta.

STOCK SYMBOL: DAL

(CLICK HERE FOR LIVE STOCK QUOTE!)
FedEx – KeyBanc began coverage of FedEx with an "overweight" rating, saying the delivery company will benefit from improving air freight demand as well as a favorable macroeconomic environment.

STOCK SYMBOL: FDX

(CLICK HERE FOR LIVE STOCK QUOTE!)
American Express – Wells Fargo added American Express to its "priority stock" list, saying the credit card issuer has survived the "perfect storm" of the past few years and is back in a winning position.

STOCK SYMBOL: AXP

(CLICK HERE FOR LIVE STOCK QUOTE!)
General Electric – JPMorgan Chase is calling the early exit of several key executives a negative, and said that it now sees a dividend cut as increasingly likely.

STOCK SYMBOL: GE

(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com – A Morgan Stanley analyst wrote a note saying Amazon's private label business could add $1 billion annually to the bottom line by 2019.

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Alibaba – Alibaba is investing $15 billion in overseas research hubs, unveiling plans to build such facilities in China, Israel, the U.S., Russia, and Singapore.

STOCK SYMBOL: BABA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Molina Healthcare – Molina appointed former Aetna executive Joseph Zubretsky as President and Chief Executive Officer, effective November 6. Chief Financial Officer Joseph White had been serving as interim CEO of the health insurer following the dismissal in May of Mario Molina, as well as CFO John Molina.

STOCK SYMBOL: MOH

(CLICK HERE FOR LIVE STOCK QUOTE!)
Time Inc. – Time is cutting back on both the circulation and frequency of its well-known magazines, including Time, Sports Illustrated, Entertainment Weekly, and Fortune, as part of a cost-cutting and restructuring program.

STOCK SYMBOL: TIME

(CLICK HERE FOR LIVE STOCK QUOTE!)
Equifax – The credit reporting agency's massive data breach compromised driver's license data for about 10.9 million Americans, according to The Wall Street Journal citing people familiar with the matter.

STOCK SYMBOL: EFX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Allergan – The drugmaker's recent patent deal with a Native American tribe is drawing the ire of health insurers, hospitals, and generic drugmakers. A coalition made up of those groups have asked Congress to examine the deal, calling it a brazen attempt to circumvent U.S. law. Allergan had maintained that the move was a way to protect its intellectual property from "unfair challenges."

STOCK SYMBOL: AGN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Symantec – Symantec has stopped letting governments review software source code. CEO Greg Clark told Reuters that allowing such scrutiny compromises the security of the cybersecurity firm's products.

STOCK SYMBOL: SYMC

(CLICK HERE FOR LIVE STOCK QUOTE!)
Micron Technology – Micron shares are under pressure after the chip maker announced plans for a $1 billion secondary stock offering. Micron plans to use the proceeds to pay down its debt.

STOCK SYMBOL: MU

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Johnson & Johnson – J&J was upgraded to "buy" from "hold" at Jefferies, citing the company's growth prospects, with the price target for the stock increased to $157 per share from $145.

STOCK SYMBOL: JNJ

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Barracuda Networks – Barracuda reported adjusted quarterly profit of 17 cents per share, matching estimates, while the cybersecurity company's revenue exceeded forecasts. Shares are under pressure, however, on lower-than-expected current-quarter earnings and revenue guidance.

STOCK SYMBOL: CUDA

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FULL DISCLOSURE:

bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums StockMarketForums.net where this content was originally posted.

DISCUSS!

What is on everyone's radar for today's trading day ahead?

I hope you all have an excellent trading day ahead today on this Wednesday, October the 11th! :)

submitted by bigbear0083 to thestockmarketforums [link] [comments]

Fortune Term Sheet: Crypto Drama

From Fortune's Term Sheet (daily commentary email):
JAMIE DIMON VS. THE INTERNET: J.P. Morgan CEO Jamie Dimon lit the Internet on fire yesterday after his remarks about how Bitcoin is "a fraud" and how he would fire any employee trading bitcoin for being "stupid."
At a CNBC/Institutional Investor Delivering Alpha conference, Dimon argued that governments will eventually crack down on digital currencies because cryptocurrency is being used for illicit purposes. This is not the first time he's gone on a tirade about cryptocurrency. In 2015, Dimon attended Fortune's Global Forum conference where he told attendees, "You're wasting your time" with Bitcoin.
This is only interesting (and perplexing) because:
• Dimon's company was one of 86 corporate firms to play a role in forming The Enterprise Ethereum Alliance, an open-source blockchain initiative. The idea of the EEA is for big banks and tech companies to come together and build business-ready versions of the software behind Ethereum, a decentralized computing network based on digital currency.
• At yesterday's conference, Dimon was careful to distinguish between cryptocurrencies and the blockchain because, well, J.P. Morgan has actually built its own blockchain on top of Ethereum.
• Remember when J.P. Morgan tried to patent a Bitcoin-style payment system? Although the patent was reportedly rejected, it's fascinating to see the bank lay out some of the problems with the existing payment structure. For instance, " Furthermore, to date, there is no efficient way for consumers to make payments to other consumers using the Internet. All traditional forms of person-to-person exchange include the physical exchange of cash or checks rather than a real-time digital exchange of value. In addition, the high cost of retail wire transfers (i.e., Western Union) is cost prohibitive to a significant portion of society."
In 2014, Dimon told CNBC that Bitcoin is "a terrible store of value. It could be replicated over and over." Unfortunately for J.P. Morgan, it didn't quite work out.
• My favorite twist to all of this is that while Dimon was bashing Bitcoin, J.P. Morgan's Chief Economist Michael Vaknin was hosting panelists from Blockchain Capital, Pantera Capital, Boost VC, and Polychain Capital. Not awkward AT ALL. J.P. Morgan's own blockchain program lead tweeted a ¯_(ツ)_/¯ in response to Dimon's comments. And JPM's former global trading macro head offered the less politically-correct , "Jamie, you're a great boss and the GOAT bank CEO. You're not a trader or tech entrepreneur. Please, STFU about trading $BTC."
Taking the drama up another notch, Social Capital CEO Chamath Palihapitiya spoke at the same conference and immediately refuted Dimon's earlier remarks. He said "the genie is fundamentally out of the bottle," adding that he's been "massively long Bitcoin" since 2012-13.
To wrap this up, I'll leave you with a few thoughts. I do think Bitcoin and other cryptocurrencies have the potential to fundamentally reshape global finance. And unfortunately, many will undoubtedly get burned along the way as a result of entrepreneurs/investors who abuse the lack of regulations around ICOs. As Peter Smith, the CEO of Blockchain, said at Fortune's Brainstorm Tech conference in July, "We're cautious about it in the short term. But you have to temper that with the idea that every new technology is going to be like that in the beginning."
edit: format only
submitted by blossbloss to Bitcoin [link] [comments]

JP Morgan Says BITCOIN & CRYPTO Have Staying Power - Gemini Hires Former Goldman Sachs Exec XRP Saved & JPM Coin is Trash?  $EOS vs $TRX vs $ETH  Wozniak Believes in Bitcoin JP Morgan Coin! Ripple XRP Dead On Arrival? Faketoshi To Sue for JPM Coin? Chico Crypto Live JP Morgan CEO Admits He Was Wrong About Bitcoin JP Morgan Will DOMINATE BitCoin!

Bitcoin SV (BSV) lead developer, Craig Wright has come out claiming that he had already patented what JP Morgan intends to do with the new JPM Coin. T JPMorgan Chase has patented a digital payment system that could rival Bitcoin. The system includes digital wallets, the ability to transfer money to anyone and anonymity too, according to a patent ... The financial firm has applied for a “bitcoin alternative” patent with the U.S. over 175 times in 2013. The company is also working on an ethereum-based blockchain alongside, according to peop Details of a patent filing by JPMorgan Chase & Co. was published by the U.S. Patents and Trademark Office on Thursday, which was originally filed by the bank in October of last year and lists how ... Leader in blockchain news. JPMorgan Chase is seeking to patent a system for using distributed ledgers as a way to facilitate and reconcile financial transactions, newly-released filings show.

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JP Morgan Says BITCOIN & CRYPTO Have Staying Power - Gemini Hires Former Goldman Sachs Exec

JP Morgan Chase Bank has released a statements on Bitcoin and Crypto stating “That cryptocurrencies largely survived the madness of March suggests ‘longevity... Craig Wright Faketoshi sent out a tweet to JP Morgan, saying that JPM Coin has infringed on one of his patents, and he intends to go to war. Is he just trying to stay in the spotlight, or does he ... JPMorgan Chase has filed a US patent application for a computerised payment system that resembles some aspects of Bitcoin, the controversial virtual currency. Like Bitcoin, JPMorgan's proposed ... Amazon Blockchain Patent APPROVED! Bitcoin White Paper Referenced & Potential Russia Ban on Crypto. Bitcoin White Paper Referenced & Potential Russia Ban on Crypto. - Duration: 18:51. Can JPM Coin Be Used For Money Laundering? And Ripple XRP Digital Asset Investor. Loading... Unsubscribe from Digital Asset Investor? Cancel Unsubscribe. Working... Subscribe Subscribed ...

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