Share to Twitter Share to Linkedin Tesla TSLA tried to breakout above its 200-day simple moving average last week but broke below it on Monday as CEO Elon Musk reduced his holdings. Musk sold nearly $7 billion shares between Friday and Tuesday according to regulatory disclosures. He must be protecting his need to own shares of Twitter. It is not surprising that demand for Tesla automobiles is being hurt by inflationary pressures. Rising inflation is starting to cut consumer spending. Credit card balances are said to be at the highest level in more than 20 years. Consumer confidence is starting to decline as Americans begin to live paycheck to paycheck. The stock set its all-time intraday high of $1,243.49 on November 4, 2021 and traded as low as $620.57 on May 24, 2022. This was a bear market decline of 50%. From this low Tesla rebounded by a bull market 51.6% rise to $940.82 on August 4, above its semiannual pivot at $900.00. The Daily Chart … [Read more...] about Tesla Shares Failed To Hold Its 200-Day Simple Moving Average. Here’s How To Trade The Stock Now.
200 day simple moving average
People trapped in a mountainside camping ground ijn Gangneung, Gangwon wade their way across a flooded road out of the area as the water level receded on Thursday. [YONHAP] Heavy rains battered southern Gyeonggi, North and South Chungcheong and Gangwon overnight Wednesday, leading to extensive flood damage and at least 11 deaths across the nation. In scenes reminiscent of those that played out in Seoul on Monday, streets in Cheongju, North Chungcheong and the administrative city of Sejong turned into rivers on Wednesday night. Some 327 millimeters (12.8 inches) fell overnight Wednesday in Jecheon, North Chungcheong, while 269 millimeters were recorded in Cheongju. Armed with buckets, Cheongju residents came out onto the streets to try and keep rising waters at bay as muddy water from Musimcheon, a stream that runs through the city, overflowed into neighboring low-lying areas. At least 26 houses were damaged by flooding in Cheongju, while 11 houses were flooded in similarly … [Read more...] about Flood damage and deaths continues as rains move south
Share to Twitter Share to Linkedin Last Tuesday, shares of insurance provider Unum Group (UNM) jumped after the company reported better than expected quarterly revenue and earnings. The stock is still very appealing from a value perspective and a fresh buy write on the shares looks attractive today. Read below for details. Unum Group (UNM) - Buy Write Buy 100 UNM Sell to Open 1 September 16 $37.50 Call Execute for Net Debit of $35.55 or lower Chattanooga, Tenn.-based Unum Group (UNM) is the largest domestic disability insurer, with the majority of premiums generated from employer plans. The company also offers long-term care insurance, life insurance, and employer- and employee-paid group benefits, and provides group and individual income protection insurance products in the United States and the United Kingdom. One week ago, Unum reported quarterly results that exceeded analysts’ profit and revenue estimates, and it … [Read more...] about Unum Group Buy Write Offers 5.5% Return Potential Next 38 Days
Share to Twitter Share to Linkedin Nvidia NVDA gapped lower this morning on a negative reaction to a partial earnings report. The stock closed last week at $189.89 and traded as low as $172.42 this morning, down 9.2%. Nvidia is above its 50-day simple moving average at $170.18 and above its value level for this week at $169.35. The stock set its all-time intraday high of $346.47 on November 22, 2021 and traded as low as $140.55 on July 5, 2022. This was a bear market decline of 59.4%. From this low Nvidia rebounded by a bull market 37.1% rise to $192.74 below its annual pivot at $195.84. The Daily Chart for Nvidia Shares of Nvidia fell below a death cross on April 21, 2022, when the 50-day simple moving average moved below the 200-day simple moving average. The stock remains below this death cross. Its above the 50-day SMA at $170.17 and below its 200-day SMA at $231.41. There are four horizontal lines. At the top is the quarterly risky … [Read more...] about Nvidia Gapped Lower Monday On Partial Earnings Results. How To Trade This Stock Now
- A + A (Aug 11): Russia’s oil output is set to fall roughly 20% by the start of next year as a European Union import ban comes into force, according to the International Energy Agency. Gradual monthly declines will start as soon as this month as Russia cuts back refining, and will quicken as the embargo takes effect, the IEA said in a market report. The agency expects to see close to two million barrels a day shut in by the start of 2023, despite a healthy recovery in production in recent months. The EU is set to halt most crude purchases from Russia from Dec 5 in a bid to cut off revenue streams that the Kremlin uses to finance its war in Ukraine. From Feb 5, an EU ban on Russian oil-product shipments takes effect. Some one million barrels per day of Russian products and 1.3 million barrels per day of crude would have to find new homes due to the planned EU restrictions, according to the IEA estimates. Russia’s oil output has risen in the past three months, … [Read more...] about IEA sees Russia oil output down 20% when EU ban takes effect
Share to Twitter Share to Linkedin QuidelOrtho stock (NASDAQ NDAQ : QDEL), a manufacturer of diagnostic healthcare products, including the Covid-19 test, reported its Q2 results last week, with revenue and earnings falling below the street estimates. QDEL stock fell around 11% in a week, while it’s down 15% in a month. The company reported revenue of $613 million (up 246% y-o-y) and EPS of $2.34 (up 284% y-o-y) in Q2, compared to the consensus estimates of $768 million and $2.68, respectively. The significant y-o-y top and bottom line growth can be attributed to its merger with Ortho Clinical Diagnostics in May 2022. QuidelOrtho’s management has guided for the full year 2022 revenue (constant currency) to be between $3.8 and $3.9 billion and earnings to be between $11.80 and $12.75 on a per share and adjusted basis. Now that QDEL stock has seen a fall of 15% in a month, will it continue its downward trajectory, or is a rise imminent? Going by … [Read more...] about Down 15% In A Month, Will QuidelOrtho Stock Rebound?
Press Release ICS Creates a Significant Phenomenon on the Thon Buri Area, Collaborating with Famous Brand Partners – Lotus, Hilton Garden Inn and Innovative Health and Lifestyle Center – to Empower the Potential of Prime Location Connecting ICONSIAM to be an Impeccable City. New mixed-use lifestyle town, inclusive of retail, office tower and hotel Reinforcing the No. 1 prime location of the Thon Buri side with transportation networks of roads, rails, and boats Introducing more than 200 famous brands, ready to expand the customer base to cover all target groups Set to open by the end of 2022 Bangkok (10 August 2022) – ICS, a new mixed-use lifestyle town of the Thon Buri area under a joint venture between a retail operator and a property developer “Siam Piwat, Magnolia and CP,” creates a significant phenomenon in the Thon Buri area with a concept of “Always A Good Day”. It collaborates with famous brand partners: Lotus’s with a new concept of … [Read more...] about ICS creates a significant phenomenon on the Thon Buri area, collaborating with famous brand partners
Editor's note: Below you'll find the week 97 release of the NYC Recovery Index, originally published July 12, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economy continued to recover at a modest pace for the week ending July 2, 2022, with the overall index score rising one point to a score of 75 out of 100. Index gains were driven by a surge in restaurant reservations, which recorded their best result of the pandemic recovery thus far. On the downside, the COVID-19 hospitalization rate continued to rise, subway ridership declined for the second consecutive week, and rental vacancies declined further. New York City’s economic recovery stands at a score of 75 out of 100, according to the New York City Recovery Index, a joint project between Investopedia and NY1 . Over two years into the pandemic, New York City’s economic recovery is three-quarters of the way back to pre-pandemic levels. COVID-19 Hospitalizations Continue to Rise … [Read more...] about The New York City Recovery Index: July 11
We received another sign today that the astronomical inflation not seen in 40 years is slightly declining. Yet Democrats at this vulnerable time want to ram through a massive, $768 billion tax-and-spend bill that will unravel progress against painfully high price hikes. Today the Bureau of Labor Statistics reported that wholesale inflation, tracked in the Producer Price Index for final demand, fell 0.5% in July–this following Wednesday’s Consumer Price Index report dropping slightly to 8.5% in July from 9.1% in June. (RELATED: BASILE: In The Swamp Everyone Finds A Way To Win) The producer price index measures final-demand wholesale prices and dropped slightly in July largely because of falling energy prices. Despite the monthly drop, the PPI still saw a sharp year-over-year gain of 9.8%. The annual increase was the lowest since October 2021 and the monthly move was the first decline since April 2020. Throughout this inflation crisis, it’s become evident that we have a … [Read more...] about SHEFFIELD: Democrats Prove Yet Again Why They’re The Masters Of Torpedoing America’s Economy
There’s a deep disconnect between regular people and Beltway elites who are far removed from everyday suffering. No matter how Democrats will positively spin the slight drop in painful consumer price inflation announced today ( from 9.1% in June to 8.5% in July ), Americans are enduring a national pay cut due to wage growth that is far below inflation. Real average hourly earnings fell 3.6% from July 2021 to July 2022, according to the Bureau of Labor Statistics . With a nearly 4% pay cut, it’s no wonder Americans are loading up on credit card debt , at a record not seen in 20 years, to pay for this inflation. (RELATED: HICKS: Democrats Are Rolling Out Yet Another Bidenflation Scam) The energy index rose 32.9% over the last year, and the food index increased 10.9% – both are the largest 12-month increases in over two decades. Americans already can’t afford the things they need by the end of the month, but Democrats’ answer is to make matters worse. The disconnect … [Read more...] about SHEFFIELD: American Wages Are Being Crushed And Beltway Elites Couldn’t Care Less