| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3959 Registered: 05-2011 Posted From: 24.164.46.35 Rating: N/A |
S&P 500 futures 0.5% below fair value; Nasdaq 100 futures 1.1% below fair value; DJIA futures 0.1% below fair value Negative disposition attributed to following influences: Geopolitical angst as tension between Russia and the West over Ukraine intensifies European bourses seeing sharp losses Festering worries about hawkish signalling from Fed (FOMC meeting Jan. 25-26) Continuance of disappointing price action (still no shift from selling into strength) KSS up 32% on reports of takeover interest UL pops 7% on reports Nelson Peltz is building a stake in company Vaccine makers take a hit on reports discussing improvement in Omicron case trends PTON down 2.7% with activist investor suggesting company fire CEO and look at possible sale Cryptocurrencies seeing sizable losses as speculative energy fizzles WTI crude futures down 0.3% to $84.91/bbl; gold futures +0.3% to $1837.00/troy oz. Notable research calls: Upgrades: AFRM, ANET, CHTR, CMCSA, FOXA, DFS, SPLK, MTB, and UBS Downgrades: SNAP, NFLX, and PPG 10-yr note yield -1 bp to 1.74%, supported by some safe-haven flows |