Day Trading Academy

This week, the main news is the shooting at Donald Trump’s rally in Butler, Pennsylvania, which is being investigated as an attempted assassination of the former president and presumptive Republican nominee. The Secret Service killed the suspected shooter, who attacked from an elevated position outside the rally venue. Trump called for unity and resilience as leaders across the political spectrum reacted to the shooting.

In U.S. Market News, Federal Reserve Chair Jerome Powell suggested that the central bank is paying greater attention to when it will cut interest rates as economic growth and the labor market continue to cool. The S&P 500 closed at +0.55%, marking its 25th record close for the year.

In Bitcoin & Other Cryptocurrency News, the German government has been selling hundreds of millions of dollars worth of Bitcoin for weeks.

In Commodities & Energy, India and Russia are likely to agree on a long-term uranium supply pact for nuclear power in the southern state of Tamil Nadu. Indian Prime Minister Narendra Modi will visit Russia on Monday and Tuesday for the first time in five years, and is expected to hold talks with President Putin and possibly deliver strategic deals, including a military agreement.

In Financial & Banking News, unemployment jumped to a four-year high, triggering the Federal Reserve’s dreaded Sahm Rule, indicating a recession. The monthly inflation rate dipped in June for the first time in over four years, decreasing by 0.1% from May and putting the 12-month rate at +3%, the lowest level in over three years. This makes it more likely that the Fed will start lowering interest rates later this year.

In Economic News, U.S. consumer sentiment fell to an eight-month low in July as high prices continued to weigh on Americans’ views of their finances and the economy. The U.S. Labor Department reported that the producer price index (PPI) rose by 0.2% in June, slightly more than expected, due to the rising cost of services. Investors still expect the Fed to start cutting rates in September.

In Corporate News, Tesla shares rose by 3.71% on Tuesday to $262.33. Morgan Stanley maintained its overweight rating on Tesla. In May, Tesla’s market share in the U.S. EV market was 15%, but it fell below 50% in Q2. The stock is now in its 10th straight positive day, having erased all year-to-date losses and surged about 75% since hitting 52-week lows in April. The stock is up 40.91% in the past three months but down 3.00% for 2024.

In Technology, Samsung launched the Galaxy Ring, its first foray into “smart rings.” The Galaxy Ring is a lightweight ring equipped with sensors designed for 24/7 health monitoring.

In International Events, mass tourism troubles in Barcelona reached a fever pitch as protesters threw items and sprayed travelers with water guns and canned drinks while shouting “tourists go home.” Protesters used thick police-style tape to block hotel entrances and sidewalk cafes in Barceloneta and marched with a large banner demanding that city officials “decrease tourists now.” The U.S. National Weather Service said a widespread heat wave is expected to deliver record temperatures along the U.S. West Coast, with 36 million people under excessive heat warnings. Temperatures are running over 20 degrees above normal in places like Redding, with Death Valley National Park projecting highs near 130F (54C) through next Friday. Las Vegas hit 120 degrees, setting a new all-time record.

The post July 14: Trump Assassination Attempt, Barcelona Attacks Tourists, Tesla Explodes (Recap Ep284) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, Marcello talks about a massive blackout that has plunged much of Europe into darkness, with electricity networks in Albania, Croatia, Montenegro, and Bosnia & Herzegovina collapsing under the strain of soaring temperatures reaching 41°C (105.8°F). Meanwhile, Tesla continues to dominate the electric vehicle market, with its stock surging 25.47% over the past five days and an impressive 46.33% over the past three months. The company exceeded Q2 delivery expectations with 443,956 vehicles, further fueled by the anticipated success of the Cybertruck as the best-selling EV pickup in the US. On another front, SpaceX has made a significant leap forward with the launch of over 100 Direct to Cell satellites, paving the way for hundreds more this year and new service offerings from T-Mobile in the US.

Shares of Tesla surged +10.20% on Tuesday at $231.26, after rising +6.05% on Monday, after the electric vehicle company reported stronger than expected Q2 deliveries. The stock is at its highest level since January. The Elon Musk-led company delivered 443,956 vehicles, while analysts had expected deliveries of 439,000. The figure shows a -4.8% decline from a year ago, but was +14.8% above Q1 numbers. The stock has risen +23.44% over the past 5 days & +38.79% in the past 3 months. Shares are still down -6.93% in 2024 & -17.35% y/y, with a market cap of $737.53B.

The post July 7: Blackout in Europe! Tesla dominates, SpaceX cell phone satellites (Recap ep283) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s Recap, Marcello brings us the latest in finance, technology and market trends. In a significant development for the electric vehicle market, Tesla’s stock surged by 4.81% on Wednesday, driven by the announcement of the upcoming Model 2 and positive coverage from Stifel. Meanwhile, Warren Buffett has made headlines with his largest annual donation yet, giving away $5.3 billion worth of Berkshire Hathaway shares to charity, while still retaining a substantial stake in his company. On a different note, the culinary world is grappling with skyrocketing cilantro prices, up 400% due to a severe drought, pushing Mexican taquerias to innovate their traditional dishes.

The EV maker Tesla stock rose +4.81% on Wednesday at $196.37, after the U.S. financial services firm Stifel initiated coverage of the stock with a buy rating. The firm cited the revamping of Tesla’s Model 3 & Model Y as well as the start of production on its next-generation Model 2 vehicle as catalysts. Its price target of $265 implies 41.4% upside from Tuesday’s close. Tesla shares are up +11.71% in the past 3 months, but down -20.97% in 2024 & -23.74% y/y, with a market cap of $626.26B.

U.S. athletic apparel giant Nike shares plummeted -19.98% on Friday at $75.37, in the worst session ever, wiping out $28B in valuation, after the firm posted fiscal Q4 revenue of $12.61B, which came below the $12.86B forecast by analysts. The company said quarterly revenue fell -2% from the year prior. Nike’s $0.99 earnings per share exceeded analysts’ expectations of $0.66. Nike’s direct-to-consumer sales declined -8% from the same quarter a year ago to $5.1B. Nike also reduced its full-year outlook. Nike had initially guided for overall sales growth in 2025. The stock is down -19.80% in the past 3 months, -30.58% in 2024 & -31.71% y/y, with a market cap of $113.77B.

The post June 30: Tesla Developing Cheaper Model 2, Warren Buffet donates $5.3B, Cilantro Prices Explodes (Recap ep282) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello talks about how Elon Musk, the maverick CEO of Tesla and SpaceX, finds himself embroiled in an insider trading lawsuit. Meanwhile, Dr. Anthony Fauci, the prominent face of America’s pandemic response, has made a striking statement dismissing the role of science during the pandemic, confessing he ‘made up’ certain COVID-19 rules, including six feet social distancing and masking kids. Adding to the economic buzz, corporate America is witnessing a record surge in stock buybacks, with 154 companies announcing a total of $201 billion in buybacks in May alone. This all-time high, including Apple’s record-breaking $110 billion buyback program, suggests strong corporate confidence in future earnings.

Ghana, world’s 2nd-largest cocoa producer after Ivory Coast cocoa regulator (COCOBOD) will borrow up to $1.5B by Sept, to finance 2024/25 cocoa purchases & compensate for low output. Ghana uses an annual syndicated loan to finance bean purchases from farmers. It is usually agreed at the start of the season in Sept. But this year’s $800M loan faced delays due to low cocoa output.COCOBOD has withdrawn $600M & cancelled the remainder as season’s 2023/24 cocoa output is seen near 40% below forecast & thus unable to guarantee the full loan. Cocoa production has been affected by adverse weather, disease & cocoa smuggling.

The post June 2: Elon Musk sued insider trading, Fauci said no science in pandemic, record corporate buybacks (Recap ep280) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello reveals Warren Buffett’s secret investment as Berkshire Hathaway makes a major move, becoming the second-largest holder in Chubb with a confidential stock purchase. Marcello also dives into the alarming surge in inflation, now requiring a family of four at least $177,798 to live comfortably in the US. Additionally, Marcello will discuss the explosive rise in silver prices, soaring 11.86% from $28.23 to $31.58, reaching its highest level since 2013.

The New York Federal Reserve reported that U.S. credit card default rates hit their highest level in nearly 13 years at the beginning of 2024,The central bank’s Quarterly Report on Household Debt and Credit showed the share of seriously delinquent debt, or at least 90 days behind, rose to +6.86% of outstanding balances in Q1 2024, the highest since Q2 of 2011. At the same time, auto delinquencies moved to +2.78%, the highest since Q2 of 2010.Those increases came even though total credit card balances fell to $1.12T, a decline of $14B. However, total consumer debt rose to $17.69T, an increase of $184 B, or 1.1%.

Chileans are facing the most intense cold snap in nearly 70 years, bringing winter weather in the middle of autumn. It is the longest cold wave ever recorded in the capital of Santiago, at least since 1950 for fall. For Thursday, the meteorological office expected a minimum temperature of 1 degree Celsius (34 Fahrenheit) in the central Santiago area.The change was abrupt, within days of summer heat ending, mountains near the capital had snowy peaks.

The post May 19: Warren Buffet Secret Investment Revealed, Inflation Out Of Control, Silver Explodes (Recap ep278) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello talks about Elon Musk’s Starlink, the satellite internet venture, that has stunned analysts with a projected revenue surge to $6.6 billion by 2024, showcasing its meteoric rise and disruptive force in the satellite communications industry. Meanwhile, a looming solar storm illuminated the skies with spectacular auroras, captivating observers with nature’s awe-inspiring display but also being a heads up on the risk this might pose to the electronic networks of the earth. On another front, the cost of robusta coffee beans has skyrocketed by over 60%, driven by a confluence of factors including adverse weather in Vietnam and rising competition from export crops like durian to China, foreshadowing potential changes in consumer habits and supermarket shelves worldwide.

Elon Musk’s Starlink, the satellite internet venture under SpaceX, is experiencing unprecedented growth, with analysts projecting a staggering revenue increase from $1.4 billion in 2022 to $6.6 billion in 2024. Since its inception in 2019, Starlink has rapidly expanded its constellation to nearly 6,000 satellites, with over 5,200 operational, and has deployed nearly 3 million terminals across 75 countries. This growth trajectory surpasses the combined revenue of the two largest geostationary satellite operators, SES and Intelsat, which recently announced a merger, highlighting Starlink’s disruptive impact on the satellite communications industry.

The post May 12: Starlink crushes $6 Billion Revenue, Solar Storm lights up world, Coffee prices explode (Recap ep277) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello tells us that Warren Buffett’s company, Berkshire Hathaway, is making headlines for stacking up record cash reserves. Meanwhile, Tesla is soaring high after securing approval to launch its full self-driving technology in China, sending its stock price up by a whopping 15.31%. And over at Apple, its fortunes are mixed as its stock surged by 7% in after-hours trading, driven by impressive Q2 earnings and a substantial stock buyback announcement, despite a notable drop in iPhone sales.

Bitcoin continued its month-long slide on Tuesday, to close out April, at one point trading down to below $57K. The leading cryptocurrency ended the month down -15% & post its 1st negative month in the past 8. It was be the worst month since November 2022, when FTX collapsed. It’s still up over +37% for 2024. On Wednesday, Bitcoin rose over +1.50% bringing it to near $58K, again. It remains up near 100% year on year.

The post May 5: Warren Buffet’s Record Cash, Tesla explodes on China news, Apple IPhone Sales drop (Recap ep276) appeared first on Investing & Day Trading Education: Day Trading Academy.

In Today’s recap, Marcello talks about the collapse of Republic First Bank as it served as a stark reminder of the vulnerabilities within the financial sector. Tesla’s shares surged by a remarkable 12.06%, propelling Nasdaq to its third consecutive day of gains. However, concerns loomed over the US economy as growth slowed to a sluggish 1.6% in the first quarter, the weakest pace since 2022.

The median U.S. home sale price hit a record $383,725 in the 4 weeks ended April 21, up 5.2% from a year earlier. The median asking price increased 6.7% to $415,925. With 30-year mortgages now charging an average 7.1% interest rate & home prices continuing to climb, the median monthly housing cost has risen +13% to a record $2,843. With home listings still in short supply, nearly a third, 29.8% of homes, are selling above their listing price. Only 6% of sellers are dropping their asking price.

Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar & U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling. Supply concerns supported prices as tensions continue in the Middle East.

Devastating tornadoes are tearing across parts of eastern Nebraska & Iowa on Friday, as a multiday severe thunderstorm event ramped up in the central United States.Storms began in parts of the Plains & South early Friday afternoon. The National Weather Service had received at least 42 reports of tornadoes as of 6:30 p.m. ET, in at least 3 states, including Texas, Nebraska & Iowa.The storm event is supposed to continue for 3 more days.

The post April 28: Another Bank Failure, Tesla Drops Prices (again), US economy weakening (Recap ep275) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello shares with us recent events that have seen a reduction in global tensions, offering some relief from heightened concerns regarding a possible World War 3. However, challenges persist in the business world, with companies like Tesla and Apple facing difficulties. Meanwhile, the commodities market experiences interesting fluctuations, notably with coffee, tea and cacao prices on the rise.

Shares of U.S. based tech firm NVIDIA fell -10.00% on Friday at $762.00, it was the worst day for the chip-maker since March 2020, when the company’s value was one-twelfth of its current valuation. The stock plunge wasn’t tied to any news out of NVIDIA. It came as investors scaled back their holdings of many semiconductor stocks ahead of earnings later this month.

Most Asian Pacific stock markets fell, amid escalating tensions in the Middle East.

The post April 21: World War 3 averted, Tesla & Apple in trouble, Coffee prices skyrocket (Recap ep274) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this recap, in U.S. market news, Monday saw NYSE volume sink, resulting in the slowest trading day of 2024, while U.S. stock markets were mixed on Tuesday. Wednesday witnessed a major sell-off driven by higher-than-expected inflation in March, raising concerns that the Federal Reserve won’t cut interest rates anytime soon.

In conspiracy/weather news, significant events included the breaking loose of 26 barges on the Ohio River, the detection of avian flu in the seventh state, and water rationing in Bogota, Colombia. Additionally, top economists, including Barack Obama’s Treasury Secretary, uncovered the real inflation number under Biden, reaching 18% and hovering at a 40-year high. The NJ National Guard conducted a hypothetical search for a nuclear bomb at a New Jersey basketball arena, and the CDC admitted to accidentally inflating children’s Covid death numbers due to a coding logic error. Japan released irrefutable evidence that all COVID variants are man-made.

Regarding commodities, military tensions between Israel and Iran triggered a surge in gas prices to a five-month high. Cocoa prices touched another all-time high, and coffee prices rose sharply due to concerns about crops in Brazil and Vietnam.

In financial and banking news, the U.S. Treasury Department announced that the U.S. budget deficit topped $1 trillion halfway through the current fiscal year, driven in part by rising interest payments on the national debt. US CPI in March rose by 0.4% for the month and 3.5% year-on-year, spiking inflation and making Federal Reserve interest rate cuts less likely. JPMorgan shares fell after disclosing that net interest income levels may fall short of analysts’ expectations in 2024.

Economically, India’s economy recently expanded at its fastest pace in six quarters, surpassing expectations with 8.4% growth from October to December, underscoring India’s growing importance as a growth region.

In corporate news, an OpenAI board member stated that almost all forms of human labor will be replaced by AI. Tesla announced a price increase for its fully autonomous driving service, and Alphabet (Google) reached an all-time high in trading its shares.

In trade news, U.S. Treasury Secretary Janet Yellen said she wouldn’t rule out any measures, including potential additional tariffs, in response to China’s green energy exports and subsidized clean energy products flooding international markets.

The post April 14: World War 3 Has Begun – Get Ready Food Shortages, Blackouts, and terrorist attacks (Recap Ep273) appeared first on Investing & Day Trading Education: Day Trading Academy.