By Call Put Strike - Financial News & Insights
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The podcast currently has 46 episodes available.
Markets Brace For Jobs Report & Tech Continues 5-Day Rally – Daily Financial News Summary For August 6, 2020
Thursday saw a late surge in tech, which we’ll get to in a minute, but first, the Dow Jones rose 0.7%, the Nasdaq climbed 1%, and the S&P 500 was up 0.6%. The Stoxx Europe 600 Index lost 0.7%.
The tech industry continued to charge today with Apple reaching another record high and being up 3.5%, while Facebook rallied 6.5% higher, Netflix and Alphabet both closed 1% higher. Microsoft also saw a 1.6% gain.
Gold climbed above $2,050 an ounce in a fifth straight day of gains and finished the day 1.2% higher to settle at $2,061.90 an ounce. Meanwhile, the West Texas Intermediate crude fell 0.4% to $42.03 a barrel. Copper fell 0.1% to $2.9135 per pound.
The first major professional golf tournament of the year kicked off in San Francisco at TPC Harding Park. It is the PGA Championship and as we publish Thursday evening, Jason Day sits alone atop the leaderboard at -5, while nine players are tied at -4 in second place. A few players were still out on the course.
The big news for Friday is the July U.S. jobs reports which are expected.
https://callputstrike.com/2020/08/06/markets-brace-for-jobs-report-tech-continues-5-day-rally-daily-financial-news-summary-for-august-6-2020/
Crypto Exchange Tauros.io Partners With Dash To Launch First Visa Crypto Debit Card In México
There is good news for Latin America crypto users following Tauros.io cryptocurrency exchange’s partnership with Dash to launch Visa cryptocurrency debit cards. Initially, the Visa crypto debit cards will be available to Mexican users only.
Latin America has been leading in championing the adoption of cryptocurrency, and it seems the efforts are bearing fruits. Dash and Tauros, which operate in digital asset services, have partnered to facilitate the launch of the first-ever crypto debit card in the region. For Tauro’s customers in Mexico, they can now spend Bitcoin, Dash, or any other cryptocurrency in various stores across the country that accept Visa cards.
https://callputstrike.com/2020/08/06/crypto-exchange-tauros-io-partners-with-dash-to-launch-first-visa-crypto-debit-card-in-mexico/
ADP Private Payroll Report Disappoints & Disney Climbs – Daily Financial News Summary For August 5, 2020
Wednesday kept things in the green as the Nasdaq advanced 0.4%, the S&P 500 was up 0.6%, and the Dow Jones rose 1.4% and hit a 4-day winning streak. The Stoxx Europe 600 Index gained 0.5%. The yield on 10-year Treasuries added four basis points to 0.54%.
While our after-hours reporting showed Disney remaining flat, today, the shares saw a 8.8% gains.
Another gainer for Wednesday was Novavax, whose shares popped 10.4% after the company reported phase one vaccine trial results that demonstrated a positive immune response among patients.
More good news on the fight against COVID-19 came from Johnson & Johnson when they announced they struck a $1 billion deal with the U.S. government to manufacture 100 million doses of its coronavirus vaccine candidate if it proves successful. As a result, their shares rose 0.8%.
https://callputstrike.com/2020/08/05/adp-private-payroll-report-disappoints-disney-climbs-daily-financial-news-summary-for-august-5-2020/
Defiance Nasdaq Junior Biotechnology ETF And ALPS Medical Breakthroughs ETF: ETFs To Watch In Biotech And Healthcare Sectors
Defiance Nasdaq Junior Biotechnology ETF (NASDAQ:IBBJ) is the latest addition as Exchange Traded Funds continue to elicit strong demand, given the strong bullish momentum in the equity market. With investments in the equity market edging high amid growing concerns over an extended stock market, the ETF seeks to provide targeted exposure to the biotech space that has been doing exceedingly well amid the disruptions fuelled by COVID-19 pandemic.
https://callputstrike.com/2020/08/05/defiance-nasdaq-junior-biotechnology-etf-and-alps-medical-breakthroughs-etf-etfs-to-watch-in-biotech-and-healthcare-sectors/
How to Choose A Student Credit Card: https://callputstrike.com/2020/08/04/how-to-choose-a-student-credit-card/
Market Optimism On Second COVID-19 Stimulus Plan – Daily Financial News Summary for August 4, 2020
The winds are howling on Wall Street today as Tropical Storm Isaias made its way up the east coast today. Unrelated, but the markets did blow higher with the Dow Jones up 0.6%, the S&P 500 up 0.36%, while the Nasdaq climbed 0.35% to another record close. Stoxx Europe 600 Index fell 0.1%. The euro rose 0.3% to $1.1801.
Some of the positivity in the markets came from developments in the next stages of COVID-19 stimulus packages. Mitch McConnell is supposedly “prepared to support” a coronavirus relief agreement when one is reached between the White House and the dems. The $600 per week federal unemployment benefits and a moratorium on federally backed housing have both expired, as we reported on yesterday.
Disney announced earnings after the bell Tuesday, and earnings per share outperformed at 8 cents compared to the expected loss of 64 cents, according to Refinitiv. Additionally, they announced that they now have over 100 million paid subscribers on their streaming services, which include Disney+, Hulu, and ESPN+. As many expected, park closures impacted revenues significantly. Shares saw little movement on the results.
What would Tuesday be without tech? Apple climbed 0.6%, but Netflix gained 2.2% and Amazon was up 0.87%. Alphabet fell 0.6% and Facebook slipped 0.85%.
https://callputstrike.com/2020/08/04/market-optimism-on-second-covid-19-stimulus-plan-daily-financial-news-summary-for-august-4-2020/
JPMorgan Strategists Warn Of Imminent Stock Market Correction
A stock market correction is imminent.
Those are sentiments shared by strategists at JPMorgan.
According to the strategists, the correction could come calling in the next few weeks as a plethora of weak economic data, continue to raise concerns. Payroll data, employment reports, and retail sales in the coming days are some of the releases that could trigger the correction.
Twitter's $250 Million FTC Complaint | Apple & Nasdaq 100 hit record highs – Daily Financial News Summary For August 3, 2020
Monday kicked off the week on a high note. The Dow Jones was up 0.89%, the Nasdaq grew 1.47%, and the S&P 500 climbed 0.72%. Meanwhile Gold hit the $1,986.30 per ounce mark. The Stoxx Europe 600 Index gained 2.1%. The Nasdaq 100 reached its record high.
Looking back at July’s market performance, the major averages completed their fourth consecutive monthly gain in July, with the S&P 500 growing 5.5% and the Nasdaq gaining over 6%. The Dow gained 2.4% last month.
https://callputstrike.com/2020/08/03/apple-nasdaq-100-hit-record-highs-daily-financial-news-summary-for-august-3-2020/
U.S Households Staring At Harsh Times As $600 Unemployment Benefit Expires
The effects of a Republican-Democrat stalemate on Capitol Hill will be felt far and wide following the expiry of the $600 unemployment benefits program. The two sides failed to reach an agreement that would have seen the program extended and to continue supporting people hard hit by the COVID-19 pandemic.
Unemployment benefits have since fallen by as much as 65% following the $600 a week boosts expiring last week. With the loss of benefits, more than 30 million Americans that have become jobless from the pandemic are expected to see a severe drop in weekly aid, with some experiencing a 90% drop.
https://callputstrike.com/2020/08/03/u-s-households-staring-at-harsh-times-as-600-unemployment-benefit-expires/
Microsoft Tik Tok Acquisition Could Strain Facebook Relationship
A confirmation that Microsoft intends to buy the Chinese app comes just days after President Donald Trump confirmed plans to ban the app over national security concerns. In recent weeks, there have been concerns that Chinese authorities are using the app to gain access to U.S user’s information, something that the U.S considers a matter of national security.
https://callputstrike.com/2020/08/03/microsoft-tik-tok-acquisition-could-strain-facebook-relationship/
https://callputstrike.com/2020/07/24/markets-stumble-to-close-volatile-week-as-professional-sports-return-daily-financial-news-summary-for-friday-july-24-2020/
Conspiracy theories about the facemask’s role in combating the spread of the deadly coronavirus refuse to fizzle away. People are increasingly questioning their need even as the U.S continues to register record numbers of infections at the back of one of the world’s highest death rates. Some people have already found a way to fuel the fire, using footage of Dr. Anthony Fauci to question and criticize the face mask’s role in the fight against COVID-19, or even images from opening night of the Washington Nationals baseball game where he sat isolated in a nearly empty stadium.
While the video has been viewed over 2.5 million times on Facebook, it omits a quote by the infectious disease expert on purpose to perpetuate wrong and misleading information. Dr. Fauci is on record reiterating his support for a face mask as the understanding of COVID-19 improved.
https://callputstrike.com/2020/07/24/facemasks-fauci-the-economy-covid-19-conspiracy-theories/
The Office of the Comptroller of Currency has set the stage for cryptocurrency mainstream adoption in the U.S. In a public letter, the department has made it clear that national banks across the country can hold onto cryptographic keys for cryptocurrency wallets paving the way for banks to start holding digital assets for clients.
The declaration marks a major milestone in the evolution of cryptocurrency that have become part and parcel of people’s lives. Previously, crypto exchanges, as well as digital wallets, were the only ones offering custody services for digital assets. That is set to change as large financial institutions at the heart of the U.S financial system, can now venture into the booming crypto world, conversely, fuel mainstream adoption.
https://callputstrike.com/2020/07/24/cryptocurrency-mainstream-adoption-on-course-as-u-s-banks-start-offering-custody-services/
Tech Sell-Off Ends Four-Day Winning Streak & Dollar Weakens – Daily Financial News Summary For Thursday, July 23, 2020
A tech sell-off on Thursday afternoon sent the markets spinning and ended a four-day winning streak. The Dow Jones was down 1.3%, the S&P 500 down 1.2%, and the Nasdaq was today’s biggest loser down 2.2%. Meanwhile, the Russell 2000 inched just a touch higher rising by 0.0042%. The Stoxx Europe 600 Index closed up 0.1%.
In currencies, the euro gained 0.2% to exchange at $1.1593, reaching the strongest in more than 21 months on its fifth consecutive advance. The Japanese yen added 0.3% to reach 106.84 per dollar. The Bloomberg Dollar Spot Index lost 0.1%.
The tech sector struggled with Microsoft shares sliding 4.3% after reporting better earnings. The big item that sunk the stock today was that LinkedIn, their subsidiary company, was knocked down due to a weakened job market.
After a rally yesterday, Tesla ended up giving up most of its gains by falling around 5%. Netflix dipped 2.5%, Amazon fell 3.6%, and Apple closed 4.5% lower on the day.
As we reported yesterday evening ahead of the numbers released today, jobs impacted the markets as well. U.S. weekly jobless claims came in at 1.416 million for last week, marking the 18th straight week in which initial claims totaled more than 1 million. A stimulus package is expected next week, however, the $600 stimulus benefit for unemployment likely will be shrinking to just $100 or $200 based on various sources.
https://callputstrike.com/2020/07/23/tech-sell-off-ends-four-day-winning-streak-dollar-weakens-daily-financial-news-summary-for-thursday-july-23-2020/
Green Properties: The New Norm In Real Estate & No Longer A Luxury
Going green is the new norm in the real estate sector as the race to cut long term carbon footprint heats up. Green properties are increasingly cropping up around the world has become as developers look to leverage their synergies in addition to conserving the environment.
In the race for a more sustainable world, the way buildings are constructed has drastically changed. Green building practices have become the standard in most countries wary of the impact of climate change and global warming. Developers are not only shifting towards green properties given their competitive advantage but also as a way of cutting down on the high-carbon asset class.
https://callputstrike.com/2020/07/23/green-properties-the-new-norm-in-real-estate-no-longer-a-luxury/
July Jobs Picture Worsens While Gold & Silver Glisten – Daily Financial News Summary For Wednesday, July 22, 2020
We saw the S&P 500 and the Dow Jones gain 0.6%, while the Nasdaq snuck higher just 0.2% on Wednesday. The S&P 500 traded at its highest level since February, mostly thanks to tech stocks.
Silver saw its biggest jump since March by more than 8% and gold rose past $1,870. Both exchange-traded funds, or ETFs, backed by silver are also at their highest. Gold ETF holdings saw their biggest gains since mid-June and also sit at their highest levels ever.
We saw a few pieces of news come full circle from Call Put Strike’s original reporting today, including that of Tesla’s new Gigafactory being confirmed just outside of Austin, TX. We originally reported on the rumors back in May. This was announced during their quarterly earnings report which sent the stock soaring above $1700 a share for a brief period after announcing its first year of profitability on a GAAP basis, which also means it could be considered for the S&P 500 now.
https://callputstrike.com/2020/07/22/july-jobs-picture-worsens-while-gold-silver-glisten-daily-financial-news-summary-for-wednesday-july-22-2020/
Treasury And Bond Yields Falter Amid Stimulus Talks Uncertainty
Treasury Yields are being hammered as uncertainty continues to grip the capital markets amid the havoc-causing COVID-19 pandemic. The 10-year Treasury note and the 30-year Treasury bond are on a downward spiral now that it has become clear that a new round of fiscal stimulus is highly needed to stabilize the struggling U.S economy.
The 10-year Treasury note slid to lows of 0.606% as the 30-year Treasury bond slid to 1.302% as the U.S States continue to report record numbers of coronavirus cases. A fifth consecutive day of record numbers of infections, continue to arouse concerns in the bond markets.
https://callputstrike.com/2020/07/22/treasury-and-bond-yields-falter-amid-stimulus-talks-uncertainty/8
EU Stimulus Approved, European ETFs Rally & Markets Close Mixed – Daily Financial News Summary For Tuesday, July 21, 2020
Another day of musical chairs in the markets as the three main market indexes shifted again. The Nasdaq sunk 0.8%, while the Dow Jones gained 0.6% and the S&P 500 snuck 0.2% higher.
Tech dipped downward from the big Amazon gains yesterday, giving Apple, Amazon, Netflix, Facebook, and Microsoft a 1% loss on the day, while Alphabet saw a 0.5% loss.
As the markets closed, United Airlines announced a second-quarter loss of $1.6 billion. While the stock got jumpy during the announcement, at the time of publishing, the share price was up about 2% in after-market trading. Meanwhile, Delta closed the day up 0.8%, American Airlines stayed even with no gains on the day at market close, and Southwest Airlines was up 1.94% on the day.
The European Commission approved a 750 billion euro stimulus to help the European Union countries and industries that have been impacted by Coronavirus. Meanwhile, the United States anxiously awaits plans for next steps in Coronavirus relief plans as programs such as the $600 unemployment benefit and other mortgage and rent relief programs reach their expiration dates.
https://callputstrike.com/2020/07/21/stock-market-is-overvalued-expect-square-root-recovery-leon-cooperman/
Stock Market Is Overvalued, Expect Square-Root Recovery: Leon Cooperman
The U.S stock market and the economy are lacking many of the underlying principles previously used to explain them historically. Those are sentiments echoed by hedge fund billionaire, Leon Cooperman. He is the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management. According to the billionaire investor, at current levels, the market is overvalued, having failed to price in, or factor, some of the developments that signal economic growth stagnation.
“If you go back to your school days — you have a sharp movement down, you have a bounceback, but… the growth rate in the economy going forward will be less than people think,” Cooperman said and predicted the market will see a square-root shaped recovery, similar to his thoughts following the 2009 market crash.
https://callputstrike.com/2020/07/21/stock-market-is-overvalued-expect-square-root-recovery-leon-cooperman/
NYC Retail Real Estate Falls As Much As 30% & Amazon Rallies Markets Higher – Daily Financial News Summary For Monday, July 20, 2020
Markets rallied Monday as the Nasdaq rose 2.5%, the S&P 500 was up 0.8%, while the Dow Jones inched its way higher by 0.03% after starting the day in the red.
Amazon saw its share price skyrocket 7.9% and post its best day since December 2018 following the price target on Amazon stock being bumped up to $3,800 per share. This is the highest price target on Wall Street at the moment. Apple saw a 2.1% gain, Alphabet was up 3.1%, Microsoft spiked 4.3%, while Facebook and Netflix trailed with an increase of 1% each.
As we reported last week, Pfizer and BioNTech are making headway on a joint coronavirus vaccine, which reported further results that gave both a bump in stock prices today. BioNTech saw a 3.4% gain and Pfizer a 0.6% bump in share price. Synairgen, a British pharmaceutical company, saw its shares skyrocket 350% higher after news of a respiratory medication is reducing the number of COVID-19 hospitalizations in their clinical trial.
A handful of companies made noise in after-hours trading, including Moderna, which dipped another 1% after falling over 12.8% earlier in the day. This was a result of the positive news on the Pfizer and BioNTech progress.
https://callputstrike.com/2020/07/20/nyc-retail-real-estate-falls-as-much-as-30-amazon-rallies-markets-higher-daily-financial-news-summary-for-monday-july-20-2020/
Tips On Avoiding Anxiety About Retirement and How To Boost You Retirement Nest
As you get close to retirement age you may start becoming worried that you will not be able to afford retirement. This is the predicament that older adults are finding themselves in and thus some have to work longer or find alternative ways of ensuring they have saved enough for retirement. Most importantly, when thinking about retirement, it is vital to begin investing and saving earlier. Here are some tips to help you avoid panicking and boost your savings.
It is important to pay attention to your finance as this will help you stay ahead of problems before they happen. Usually, managing personal finances intimidates or stress people so in most cases people ignore them. Checking on your accounts can help relieve the anxiety you may have about not being ready for retirement.
Tech Sector Slumps Despite Flat Friday – Daily Financial News Summary For Friday, July 17, 2020
A pretty flat Friday in the markets as we head into the weekend. The Dow Jones slipped 0.2%, the Nasdaq was up 0.3%, and the S&P 500 also saw 0.3% gains. The Nasdaq was the only major market to close in the red this week.
Tech stocks remained skittish on Friday following a missed earnings report by Netflix Thursday evening, they fell 6.5%. Amazon had its first down week in 11 weeks, with a 1.2% slide on Friday, while Microsoft pulled back 0.5% and Apple was 0.2% in the red.
Twitter stock rebounded on Friday to a share price of $35.81, up 1.5% on the day. This is following the Twitter/Bitcoin hack that took over the accounts of prominent figures like former President Barack Obama, Bill Gates, Kanye West, Elon Musk, and others.
READ MORE: https://callputstrike.com/2020/07/17/tech-sector-slumps-despite-flat-friday-daily-financial-news-summary-for-friday-july-17-2020/
U.S Housing Market Contraction Amidst Economic Uncertainty
The housing market is heating up after starting the year on a roll. The COVID-19 pandemic has taken a toll on various sectors of the economy, with the housing industry not spared a bit. Uncertainty is the theme that continues to take a toll on the once burgeoning segment of the U.S economy.
https://callputstrike.com/2020/07/17/u-s-housing-market-contraction-amidst-economic-uncertainty/
Twitter Security Practices Under Scrutiny After Bitcoin Giveaway Hack
Twitter’s vulnerability was yet gain laid bare as a number of high profile twitter account fell in the hands of hackers who ended up propagating a Bitcoin giveaway scam. While most people are increasingly blaming Bitcoin, the social networking giant also has some blame to bear given the way the hackers were able to access the high-profile Twitter accounts.
The incident started with the hackers targeting Twitter employees conversely gaining access to the networking site through an admin tool. With the access, the hackers targeted Twitter accounts of the likes of Uber, Apple, Bill Gates, Barack Obama, and Elon Musk, among others.
https://callputstrike.com/2020/07/17/twitter-security-practices-under-scrutiny-after-bitcoin-giveaway-hack/
The podcast currently has 46 episodes available.