Staggering Moves: Nasdaq, Calls Option Volumes Highest Ever

January 27, 2021@4:45 PM TFP Editor 0

Staggering Moves: Nasdaq, Calls Option Volumes Highest Ever How insane was today’s market action? It may well have been one of the most insane days in history, and here just two indicators to demonstrate it: the volume on the Nasdaq was off the (older) charts, hitting 11BN shares (and that’s with Nasdaq stock prices at all time highs), more than double the 4.3BN average, and almost 50% higher than the previous record day hit earlier this month. And in case that wasn’t enough, here is [Read More]

Tesla Plunges After Rare Earnings Miss, Lack Of Guidance

January 27, 2021@3:22 PM TFP Editor 0

Tesla Plunges After Rare Earnings Miss, Lack Of Guidance Stock split? Check. Inclusion in the S&P500? Aggressive rollout in China? Check. Check. 500,000 deliveries? (Almost) Check. Heading into its Q4 earnings release, it appears that Tesla is almost out of of surprises even though its stock has continued rise precipitously, and just a few days ago it rose just shy of $900. The one thing investors were looking for is to get confirmation that Tesla would report its first full-year profit, a milestone powered by [Read More]

Massachusetts regulator says GameStop speculation is a danger to the whole market, as TD Ameritrade restricts trading

January 27, 2021@3:13 PM TFP Editor 0

The wild trading involving GameStop shares presents a broader threat to the U.S. equity market, the chief securities regulator in Massachusetts told CNBC on Wednesday. “The marketplace should be a place where risk is taken, but not reckless risk and not a situation that undermines the system, and that’s what we’re looking at here,” Massachusetts Secretary of the Commonwealth William Galvin said on “The Exchange.” Galvin, who has served in his role for more than two decades, pointed to the fact that more than 100% [Read More]

GameStop mania explained: How the Reddit retail trading crowd ran over Wall Street pros

January 27, 2021@2:30 PM TFP Editor 0

A customer holds a GameStop shopping bag inside a store in San Francisco. David Paul Morris | Bloomberg | Getty Images Wall Street has been watching GameStop in awe as a band of Reddit-obsessed retail investors managed to push the stock up 1,500% in two weeks, squeezing out short-selling hedge funds. A wave of at-home traders found each other on the red-hot “wallstreetbets” Reddit chat room, whose members have ballooned to over three million. By motivating each other to keep piling into shares and call options, [Read More]

Delta Air Lines To Activate 400 Pilots By Summer Amid Travel Rebound Expectation

January 27, 2021@2:20 PM TFP Editor 0

Delta Air Lines To Activate 400 Pilots By Summer Amid Travel Rebound Expectation Delta Air Lines plans to activate 400 full-time pilots by this summer, reflecting vaccine optimism could lead to a rebound in air travel, according to a company memo, seen by¬†Reuters.¬† John Laughter, senior vice president of flight operations, told employees last week that the company is positioning itself for recovery. “We saw an opportunity to build back additional pilot staffing in advance of summer 2022 by bringing 400 affected pilots back to [Read More]

Watch Live: Fed Chair Powell Explains How Ultra-Dovishness Did Not Enable GME-ification Of Markets

January 27, 2021@1:20 PM TFP Editor 0

Watch Live: Fed Chair Powell Explains How Ultra-Dovishness Did Not Enable GME-ification Of Markets No surprises expected as The Fed is on auto-pilot no matter what for as far as the naked-short-eye can see… but, one wonders if anyone will ask he who knows all if he feels responsible for the wealth inequality gap’s explosion in recent years and the enabling of a casino-like “stonks only ever go up” atmosphere in equity markets? We doubt it, but hey, it’s worth watching just in case. We [Read More]

Sirius XM’s latest satellite, built by Maxar and launched by SpaceX, suffers failure in orbit

January 27, 2021@1:12 PM TFP Editor 0

The SXM-7 satellite, built by Maxar Technologies for SiriusXM, is seen here in Maxar’s manufacturing facility in Palo Alto, Calif. Maxar A recently launched Sirius XM satellite suffered “failures” during preliminary testing in space, the company said in a securities filing Wednesday. It did not disclose the cause of the malfunction. “During in-orbit testing of SXM-7, events occurred which have caused failures of certain SXM-7 payload units. An evaluation of SXM-7 is underway. The full extent of the damage to SXM-7 is not yet known,” [Read More]

Global Times Points Out “Increasing Reliance” On China By Apple And Tesla

January 27, 2021@12:22 PM TFP Editor 0

Global Times Points Out “Increasing Reliance” On China By Apple And Tesla Nice business you’ve got there. Would be a shame if something happened to it. That’s the vibe we got after China’s state owned media took the time to point out that both Tesla and Apple have a growing reliance on the country for their success on Tuesday of this week. Global Times staff reporters penned an article this week called “Tesla, Apple to source growth from increasing reliance on China”. The gist of [Read More]