 The following is a presentation of TFNN, the morning market kickoff with your host Tommy O'Brien. Good morning everybody, I'm Tommy O'Brien, coming to you live from TFNN, 9.06 a.m. Tuesday morning. We got 24 minutes to go until the start of trading. We have markets in positive territory. All the market's trading lower into the lows last night, but since about 3 a.m. Eastern time, you've caught quite a bit. You had the S&P's down there at about 43.20. How about adding about 40 S&P points to that price level? We're positive by 8 points, so you're about 32 points in the red overnight. That price point was at about 9 o'clock. We were at that price point at about 3 o'clock in the morning. Things accelerate higher. We're positive coming into the open right now. NASDAQ 100, you were down at a price point overnight. You're talking about a low of 14,586. You're approaching 200 points to the upside from there. You got the Dow, positive by 41 points. The Dow had been approaching 34,100, made it to 34,125, so the Dow's caught a bit to the tune of 300 points off the overnight lows, and the Russell was in volatility. Down to 21.95, you've gained more than a percent. From the bottom there, you're up at 22.18 right now in the Russell. Gotta jump to Bitcoin. Quite the acceleration to higher prices. We saw a price of 58,355 yesterday. We're just off that mark at 57,705 in the price of Bitcoin. Why not? Let's jump over to Ethereum as well. Since the cryptos are rocking, Ethereum makes it up to 3,700 on Friday. We're trading at 3,455. Crude contract back under $80, a little bit of an acceleration this morning, 745. You were above 81 bucks. Look at this drop off right now, 79.50. I wonder if this has to do with, we just got a little IMF update in terms of pairing their estimates for growth. Maybe that's hitting the oil market 79.54 down from 80.20, down from 81 bucks in the 7 o'clock hour this morning. Natural gas. Continuing to slide a bit, check out this natural gas contract on a daily. You're up to 646. What's that? Almost a week ago. We're currently trading at 522 right now. We're down at about 2% in natural gas. Gold catching a little bit of a bid up about 6 bucks this morning. Gold trading at 17.62. You see the volatility on gold even in the last hour. We jumped to notes and bonds right now. We're getting a little bit of a higher price and lower yield. You have the 10-year right now trading positive 7 ticks. We're sitting right at about 1.6% the yield on the 10-year. You got the 30 or up 24 ticks, a little bit of a reversal of the action we had yesterday. We'll jump over to the volatility index with the VIX right now, trading at 1,945. Over in Europe, you've got markets in negative territory. The DAX is down 4.10%, FTSE is down 4.10% as well. Cat Carole down about 4.10% as well. Over in Asia, negative as well. Nike down almost a percent. Shanghai down 1.2% and Hangsang down 1.4%. All the major indexes in China and Korea falling at least 1% as oil prices continue to rise with the headline, but getting a little bit of a reversal in the last hour or so on that crude price. Let's jump back to crude because continuing to drop worth $79.59. As I said, we were just sitting at above 81 bucks coming into the 8 o'clock AM hour. All right. Jumping around what we have going on, we'll jump to that IMF as they cut the global growth forecast, citing supply disruptions and the pandemic is how they put it, excuse me. So there's the headline out this morning just as I was coming onto the program. IMF cuts its global growth forecast, citing supply disruptions. We'll be talking to Kevin Hinks coming up after this break on their program Fast Market yesterday. They were talking a little bit. New and Eastern time every day, folks. They were talking a little bit. Kevin was talking about sometimes there are themes. Many times there are themes coming through an earnings season. What's the theme going to be as we start this earnings season off tomorrow really with the banks? J.P. Morgan, what's the theme going to be one of the themes possible? Kevin thinks we're going to talk to him about its supply disruptions and you're seeing it already with the IMF cutting it. Now it's a 0.1% cut. They expect the global GDP to grow by 5.9% this year, 5.9%. That's only 0.1 percentage points lower than its July estimate. For the next year, the IMF has kept its global growth production at 4.9%, so you trim it from 6 to 5.9. You keep next year's at 4.9 for all the gloom and doom out there. It doesn't seem to be that big of a cut, nonetheless, you have crude trading lower. You have markets actually taking up 43.62 in the US markets, that is at least. As I said, Europe in negative territory right now, Asia down almost a percent right now coming into trading. All right, let's jump around to other headlines I have up here. Why not? Let's jump over to Bank of America. Warning, the Fed won't rush to stock markets rescue this time. Interesting article out there this morning over on Bloomberg talking about the US Federal Reserve may not be so eager to rescue the stock market this time around and quoting two Bank of America strategists. You start pulling that free Kool-Aid away. The Fed may be less willing to so easily deviate from tapering plants and talk the market back up as during the last cycle. As reasons for their skepticism, they cite equity valuations and returns accelerating to extremes and increasingly real risk of inflation over shooting. You start seeing and we're seeing it already with the jobs number under 200,000, a slow clawback, maybe the market figure out that inflation is here, maybe supply shortages, right, wages increasing, causing earnings to decrease. That's going to hurt valuations of companies could send the stock market lower at a time when the Fed plans on tapering. But after six consecutive quarters of gains that have been driven by generous monetary and fiscal support momentum has been fading for the US and European equities in recent weeks, S&P down almost 4% from its record high reach last month, surging inflation, tapering fears, energy crisis, slowdown concerns. We just got an IMF cut and we're coming into an earning season that we could see some real problems with supply shortages and with rising costs in a big way FedEx last month really a wake up call as FedEx let's jump over because I talked about this stock a little bit yesterday and look at it. I mean, even yesterday, you trade down $2 on this equity. Now pulling back the full run from the COVID lows, we'll call it. Now this is really May that started to accelerate. You're back at 219 since this thing gets anywhere near 186. That would be a great buy for FedEx. And you're talking about a solid 15% down from where you're at right now. But man, you just traded down an even $100 from the 319 high we had recently. You pull up UPS. UPS shares down from 219 to 181, kind of back to an area of support here that had been an area of resistance in the end of the year. Now what they were also talking about on Fast Market yesterday was a great conversation to Home Depot versus Lowes. They brought in like folio and they were just talking about the two of these companies. They were talking about trends. They were talking about trends in retail, whether self renovations, redoing your own home projects versus contractors, contractors up in terms of people using contractors. Maybe they kind of exhausted everything they could do at home over the last year and a half. They've now reached the jobs that they're just not up to, or maybe they have enough equity in their house where they're just willing to pay for a contractor to up the deal there. Home Depot, pretty close to the highs when you look at it. Low shares right up against that level as well as housing prices persist in a big way. Getting it 208, highs at 215, Home Depot just a few bucks off that price level as well. All right, as we come into 9.15 this morning, we get the S&P is continuing to catch a bit near the pre-market session highs right now. We're up 10 points at 43.61. As I said, we had market lows last night of 43.28. So you're talking about a solid 42 points off the lows of last evening. NASDAQ, 14,763. Stay tuned, folks. When we come back, we'll be talking to Kevin Hinks from TD Ameritrade Network Fast Market. We'll be right back. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at tfnn.com. 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TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Welcome back, folks. We are the S&P, is positive by 9 points, trading at 43.60. We have a VIX right now, right under 20, jumping over to the volatility index, 19.41. We were approaching 21 last night when you had the market near session, pre-market session lows at about 3 a.m. Eastern time. Now, you take a look at this S&P. They don't look like the huge moves that they actually are because of the moves that we've had. You back it up to last Wednesday. You're at 42.80. You climb up 140 S&P points to 44.20. You then trade down 100 S&P points to 43.20. We've got a bit of about 40. Evens from where we were yesterday, folks. You trade from a price level highs yesterday, about 10 a.m. 44.07. You trade down, yeah, 87 points almost to last night. We have a 40-point bounce. We have moves in both directions going in this market, folks. Let's jump over to our man, Kevin Hicks. Every trading day, folks, noon Eastern time. Fast market. Kevin Hicks, Tom White on the TD Ameritrade Network, walking you through the day's market action, setting up hypothetical trades in this market, talking about defined risk, talking about coming into earnings. Kevin, what are we looking for? I heard you yesterday. What's going to be the theme? Sometimes there's themes. We're looking for themes in this earnings season, kicking it off. What are we looking for for a theme this season, Kevin? Well, I think the theme for this earnings season is going to be the cops. It's going to be several things. It's going to be that the original problem will be cops till last year. That will make earnings not as sexy as they were in quarters past. But after that, it'll be labor shortage. It'll be supply chain. And that'll be the theme. That'll be the drum that the CEOs are pounding when they're doing their conference calls. And that any problems with their earnings per share or revenue will all be brought back to supply chain and logistics and labor shortages and inability to get workers in at some of these places. Tommy. I put you on the spot a little bit. It's a million dollar question, but I love the show you guys were doing yesterday and just the way you were talking about, we're coming into the season. Banks have one expectation, probably pretty lofty expectations with the way they've traded recently with what we've happened and with yields. But then you get into further in the season. And I think we're all kind of aware and we'll see how it plays out that we have some real headwinds in terms of just like you brought up, man, supply chains, wages. We have an IMF cut this morning, pretty marginal cut of 0.1%. And they keep next year's number in there. But a cut nonetheless, talking about the same fact as you're talking about. I also love when you were talking about Home Depot and Lowe's, Kevin, if those that didn't check out the program yesterday, could you give them a little bit take because I pulled up both companies. Remarkable how close they both are to the highs right now, Kevin. Home Depot and Lowe's, you guys had a great segment yesterday talking about professional versus kind of the retail Home Depot versus Lowe's. Can you talk a little bit about what you guys were talking about yesterday on the show? What we did with Home Depot and Lowe's yesterday was really compared to two and why even though Lowe's has done a great job of closing the gap with Home Depot, Home Depot used to be the clear leader in this space, even though, you know, those two were battling it out. Home Depot was clearly the winner. But their Home Depot and how they have embraced professional contractors and having their own entry and exit for them and how they've embraced that part of you know, being that hardware store for the local community and how what they've done, even though full disclosure, Marvin Ellison, the CEO of Lowe's is a Home Depot alumni. So he's doing a great job at replicating and you see the charts on both stocks that we put up on the screen. They are identical even though they traded different prices. So these are two companies doing very similar things, both doing extremely well. Home Depot doing slightly better just because they're bigger and better and you know, they've been doing this a little bit longer. And so they're clearly the leader in this industry. But Lowe's is certainly a worthy competitor to them as they work through this, you know, Lowe's focusing on more of the retail Home Depot, a more complete package of retail and professional labor. Tommy. I think it was cool how you laid out and I forget whether it was you or Tom, but just talking about you know, people in that industry in particular, the professional side of things that Home Depot has a nice advantage in. And some of the trends like Folio was talking about you guys were saying maybe contractors are more in maybe over the last year and a half, Kevin, it just makes sense in my own head that people have kind of exhausted what you might be able to do from home and maybe now you're transitioning to maybe you need a little help on a contractor side, maybe you have enough equity in your house at this point that you don't mind putting a little bit of capital back into it. But he said, you know, people so busy in that industry, if you're a contractor to make a change to a company like Lowe's and even in TFNN, you know, we do credit card processing, making those types of changes, folks. It really has to be worth it, right? Because it takes a lot of effort. And you say, you know, unless Lowe's has some kind of, you know, logistical supply chain advantage, it's really tough to imagine the change and really just click for me because it really is in terms of if you're a contractor out there, you know that economies of scale equals that Home Depot is a bigger company, they're probably going to be able to compete better on price. It was just a cool conversation as you guys brought that home. And I think it was Tom that mentioned maybe the tougher one is saying where both of these stocks end up year end versus where one or two of them, because both of them trading so well. We have rising yields. We got a real estate market staying strong though. We'll move from yesterday to today. We got bank earnings starting next tomorrow really with JP Morgan as they line things up. What are you guys going to be talking about on the program coming up at 12 today, Kevin? Well, of course, we're talking about JP Morgan in the first segment. And then we look at Delta Airlines, also has earnings in the second segment. Like folio, we'll talk about the airlines and we'll cover Delta Airlines. And then we'll look at Airbnb. They just got upgraded. We're going to take a look at them as vacation season is getting underway here, Tommy. As the weather gets cold in the Midwest, you know what we're thinking? Get out of here and get in South, Tommy. You know what's crazy, Kevin? I think I remember you guys talking Airbnb all the way back two months ago for their earnings. I think you guys had a bullish trade on some point, man. It kind of put it on my radar a little bit. No real trade, but this thing's been on quite a little tear from 130 up to 166 in Delta. The airline's always interesting. I was talking to my dad, I think it was yesterday, just saying, you know, the airlines, the cruise ships, you know, when is kind of the Max Payne situation going to end? And then of course we got a weekend like we just got with Southwest. They're not out of the woods just yet, it just seems. Well, Kevin, man, we appreciate the conversation. As always, we look forward to the show today at 12. We'll be watching. Thanks for having me on, Tommy. Have a great day. You too, Kevin. Take care. Folks, check it out. Every trading day, 12 noon Eastern time, fast market. Kevin Hicks, Tom White, they do an outstanding show and we're coming into the most wonderful time of the year, earning season. So check it out. 12 noon Eastern time. All right, markets, as we got about four minutes to go until the opening bell, right near pre-market session eyes, we get the S&P up about 11 points. The NASDAQ right now up 62. All the markets well off the lows we had last night. We jumped to Crude 8080. Look at this volatility in that crew contract. You want some volatility in both directions, folks. Crude just traded from 8115 down to 7950. So what are you talking about? Yeah, we're talking about a buck 65. And now we're up more than a dollar in both directions. Watch out. All right, folks, stay tuned. We'll be coming back. We'll take a quick break. We'll be coming back for the opening bell. We'll check out what's moving today. We'll be right back in three minutes. Stay tuned. and ideas. Join the den and surround yourself with these sharpest minds in the trading world. Subscribers to the Tigers then are also the first to have their questions answered live on air and can privately chat with our TFN and host live during their shows. Interact with other Tigers and Tigers as they share trading ideas, news analysis and discuss the market action all trading day. Subscribe to the Tigers then risk free with our 30 day money back guarantee and become part of the TFN and trading community TFN and educating investors. You could be making money off the stock market. And if you're already making money off the stock market, you could be making a lot more. 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Don't miss out on this incredible new piece of software. Get your copy of the art of timing the trade charts today by visiting TFN.com. Welcome back folks. Well, we just had a bear market in crude for the better part of one hour where we traded from $81 down to $79.60 and just like that, we're back above $81 from Markable Research and she put it on a minute chart. I mean, look at this thing. From 9 o'clock this morning, it's a straight shot upward to the tune of a buck 50 to the upside from 9.09. It's only 9.30 folks in the last 21 minutes, crude up a buck 50. You're right back to where we were pre-market in crude. Markets open. S&P is giving back a few points of the gains right now. You have the S&P is positive by seven NASDAQ positive by 49. The Dow positive by about 12. All the markets may be sliding slightly to the red as we open Bitcoin holding steady at 57,655 right now. We covered crude checking out gold contract right now gold up $5 at 1760 gold quite the day Friday. We kind of just been chopping around where yesterday's action was in that gold contract and we jumped to notes and bonds as the market opens. We got the 10 year negative by four ticks, excuse me, positive by four ticks during 1.30, 31. All right, jumping around to what else we got going on. Southwest, we'll see what comes about in terms of where the real reality in terms of what happened here. Interesting though, how many flights they send through Florida was the one thing I wanted to bring up. Yeah, 950 flights canceled Saturday 1500 on Sunday. Where is my Florida statistic 50% of their flights touch Florida, which here it is the Dallas based carrier particularly hard hit because as much as 50% of its daily lines of flight or where the plane travels from the start of the day to the end touch Florida Southwest, big fans of the Sunshine State, I guess. Bad weather and traffic interruption in the area left Southwest with zero arrivals and departures in some cities for a time Friday. And the problem here is that once they're backed up, it's going to take some time to sort this out. You have pilots saying this has nothing to do with no work. Maybe staff shortages contributing to say the least I'd say, but nonetheless, let's pull up Southwest shares. LUV is their symbol. And down to 5075 last night, you're basically flat this morning with a positive market on the open. Let's check out some of the fang stocks as we open up the market. Amazon shares right now up about a 10% Microsoft shares down a 10% Apple shares down 10% as well. We jumped to Tesla always trading higher Tesla was just above 800 bucks right now you're up $6 up 810% at 798 Elon Musk now the richest man in the world. 220 billion something like that. Bezos is at 190. A big portion of that. The biggest portion obviously being in Tesla, but a big portion of Elon's wealth coming now from SpaceX with 100 billion market cap valuation. So interesting how that plays out. All right. Just give me one second. Excuse me. Okay. All right, let's jump down some of the other stocks are moving. Let's see where we go into the list. Here we go. Glaxo Smith Klein, they're on the positive after Bloomberg reported that the $54 billion consumer product unit is attracting bio interest from private equity firms. The market always likes when you sell off a portion of your assets for straight cash to the tune of 54 billion bucks. I would say it is far advanced with plans to separate the consumer business. Airbnb as Kevin was talking about they'll be talking about a little Airbnb coming up at noon Eastern time upgraded Airbnb to outperform from market performance saying the streets underestimating 2022 booking growth and that the increase in alternative lodging will be a permanent part of travel landscape Airbnb up in the positive. That'd be interesting as they have that conversation on fast market. Talk about adding to that up 4.6% back it up on the daily as I had said quite a run back from the 130 price point on July 19th when we get to a low of one 130 31 and we're trading right now at 174 84 and this is the part that I really try and wrap my head around in terms of the fundamental nature of where we go in this economy. We're really close to getting over this up folks we got vaccines coming from 5 year olds to 11 year olds right. You know I encourage everybody if you're not vaccinated to go out there and get vaccinated for yourself for the people around you what is going to happen because it's unfortunate because I have kids at home that don't have that option to get vaccinated. So I get frustrated when people say it's a personal choice because they don't have that choice right now once every child has that choice to get vaccinated. It is then going to be basically open season completely if I didn't have small kids around my house that aren't vaccinated. I would basically be living worry free because I'm vaccinated right the problem with not getting vaccinated there are people around that don't have that choice yet especially kids 11 and under once that comes which it is coming folks you're going to have 5 to 11 year olds coming down on the next month probably and then you're going to have kids probably 2 to 5 at some point many months after that as they make sure that they go over those studies as well. Being extra careful for the young kids which would make sense that they would be last studying that point being we are very close to those fears all subsiding at least locally in terms of domestically and hopefully in the next 6 to 12 months after we get over that whole hump domestically vaccines make it across the globe on a scale of travel stocks have been so hurt you're seeing every and be as we continue to talk up 5.1% right now. I mean cruises are going to become a thing again the term COVID cruise which I completely agree with right now I ain't going on any COVID cruise is just yet folks because the risk there especially with unvaccinated kids I wouldn't do it okay but even myself I don't want to get on a cruise but then there's an outbreak and I get stuck on that thing or something or I just don't want to be in a cruise where you're isolated with people and there's an outbreak to that degree don't want to do it yet need to see a little bit of an improvement which is why most people would say the same thing probably which is why cruises are well off where you've been but the next year or so that is going to turn the corner and once it does get me on a plane get me on a beach get me on a cruise get me in an Airbnb send me to the Caribbean send me to the slopes in Denver and so I think you're going to see that type of a resurgence later and you're seeing that type of resurgence in Airbnb and the world has changed when you talk about travel with a family myself I'm sure many of you are familiar going to a home I mean last October I think it was I was in in Airbnb now these are before vaccines we're expecting a child so I want to be extra careful coming in October of 2020 want to go away before the birth of our son in February so what do we do we went to an Airbnb we went to an Airbnb in a cabin in Tennessee but it was a beautiful experience you got a nice cabin a nice home anyway at a pretty affordable price the one thing that does really get out of hand there is the fees which is why you have the company a company like Airbnb once they collect all those fees they're talking about a valuation of 110 billion dollars that's the only thing to be careful on some of these equities you say yeah this thing is going to be a great equity of course they are but the market already knows they're going to be a great equity which is why they're valuing valuing valuing it at 110 billion dollar market cap let's jump around to some of those other airlines now we'll put it back to a daily for the last year there's a Airbnb off their double bottom there's a nice double bottom there Boeing shares I've talked about many times skipping around the bottom line of that channel line that it's been in from the lows it had on covid we check out delta airlines right now delta even from this last acceleration in september you pulled back to almost a 50 percent deltas up three tenths percent today let's look at jet blue domestically jet blue I mean look at these runs right you're right back to the 618 jet blue that might be a nice entry there you chopped around here back towards the end of 2020 the beginning of this year maybe up to 22 bucks almost you've chopped around at this 15 dollar and 11 cent price point yet again uh not a bad entry not a bad entry potentially you take a look at the three-year weekly of jet blue well off the highs this year and well off the highs that we came into covid 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now speaking of positive territory check out the chart i got signet jeweler's up right now uh signet raising their outlook for the second time in recent history this chart my goodness you commit to covet as things blast up to 30 bucks early in 2020 you commit to covet it just under 30 bucks trade out down to five dollars uh not sure how the world thought that we weren't going to buy diamonds anymore but they have almost all the jewelry shops in the malls when you hear these names folks whether it's zales uh let's jump back to the story consumers are splurging on diamonds signet jeweler's just hiked its full year outlook yet again so they have k jeweler's shame on me not remembered k uh zales and jarrod got it jarrod also hiked the outlook um so they buy they're buying diamonds direct for almost a half billion dollars in cash signet which owns those chains also raise their outlook for the fiscal third quarter and for the year it's the second time they raised that outlook just in recent weeks uh big number there yeah and in a bid to reach younger shoppers an inch closer hitting annual revenue goal of nine billion dollars not a bad number when you talk about annual annual revenue they see third quarter revenue ranging between 1.42 and 1.45 how about up from 1.26 to 1.31 that's a massive upgrade on a percentage basis um you know they they might have been at 1.26 now the upper portions 1.45 that's almost an extra what 190 million extra in revenue over 90 days big time numbers uh for the year you're looking at revenue 7.04 to 7.19 an upgrade from the high sixes they had earlier remains on track to shutter more than 100 locations this year and open 100 primarily under its banter by piercing pagoda banner not familiar uh nonetheless quite a chart for signet you're up 1.1 percent today extending that but the market actually just turned on a dime just like that look at that sell-off s and p is now negative by two right now you get the tech stocks pulling back just get back a hundred points uh in about the last 10 minutes or so you get the dow trade and lower as well russell only index currently still in the green all right jumping around some of the equities the uh the other equities they're going to move in today we talked about signet nike they were higher let's see how they're trading they got an upgrade after goldman initiated coverage use me with a buy rating setting a healthy industry backdrop as well as strong growth initiatives by the athletic footwear and apparel maker now nike was dealing with some big problems there for supply on their last earnings still up 1.1 percent but they just gave back some of those gains you take a look at the daily and spent quite a slide for nike shares from 174 down to a little about 144 you get back 30 bucks just like that and really dropping off on those last earnings when they talk about having problems this market a little bit of weakness here to say the least fast and all out with their numbers uh matched estimates quarterly earnings 42 cents a share revenue in line continued to experience inflation related to materials and transportation costs are we seeing the beginning of a theme in earnings potentially fast and all up nine tenths percent right now but giving back some of those gains on on the open up to 53 57 we talked about southwest so they cancelled 10 percent of their plans yesterday uh cited bad weather in florida staffing issues for the higher level of cancellations they hope to normalize things by wednesday mgm got an upgrade to outperform from new neutral at credits west swiss which sets a price target for the resort's operator stock at 33 bucks a share let's see we're at right now now mgm it's interesting these companies uh there you go papa 6.2 percent what's going on here mgm uh outperform which set a price target why are they outperforming with 33 bucks do i have the right stock up here i should do if it's straight into 47 all right maybe they got a typo in here um credit swiss feels mgm has not been given enough credit by the market for its ongoing transfer of information if you've watched nfl football uh at all you've probably seen the ads for bet mgm i mean the betting world just is going to change things in a dramatic fashion disney's gonna license espn that's part of the reason why i like disney the sports uh aspect of what they cover i mean they almost don't have a monopoly on sports coverage imagine the espn you know sports book that you can bet on i imagine that's gonna have quite a draw in a big way jumping over to the next story tesla sold just over 56 000 vehicles made in charna during september the largest monthly total since it started production in shanghai two years ago they're up a bit square seems like they're always getting upgrades to overweight from neutral uh sites valuation strong growth prospects and a disruptive business model yeah these square paypal they are just through the roof man up 1.2 percent you check out this chart on a weekly you have a high of 289 so man you've clawed back some of this we have quite a consolidation going on you could see you got a consolidation between about 200 and 280 on this equity you're trading up today on that upgrade and moderna uh they are up 1 percent ahead of thursday's fda panel meeting now the company's application for booster shots you might have moderna and johnson and johnson boosters coming down the line uh shortly as well all right what else we got going on how about lg they're gonna have to pay almost two billion dollars to general motors uh over the bolt ev battery fires lg's agreed to reimburse gm up to 1.9 billion to recall the chevy bolt evs due to fire risk caused by faulty batteries provided by the south korean supplier i mean that's a big number but you've seen it they've been in the press recently um it's a tough deal uh these you know tesla has had to weigh it many times in terms of getting the press of these battery fires and uh unfortunately folks electric vehicles are coming down the line and these fires are a problem that are going to persist those electric batteries they go on fire you're not putting them out anytime soon maybe a little advance the technology for some safety there but that's going to be a problem and you're seeing it for lg i mean two billion dollars quite a price tag speaking of commodities aluminum notching a new 13-year high as supply fears predominate aluminum climbed to a fresh 13-year high as fields over supply curves outweighed concern that a deepening energy crisis would hurt growth the light may weight metal has surged as the global economic recovery boost demand will electricity crisis in asia and europe threatens to crimp supply commodities they were posted in the chart of the crb i guess i man jimmy in the den earlier just quite a run you want to talk about inflation he made a great point that's all you got to talk about folks commodities and you know if you ever hear politicians it was real invoke with president trump talking about you know wanting a weak dollar folks you can't always want a weak dollar because it allows you to compete internationally because what it all comes back to is commodities we're seeing it right now if if you have a trash currency and you live in an environment where commodities are through the roof you are going to pay up the nose in a big way because we all pay for goods i mean there's that there's been a transformation in the country when you look at near the world in terms of how currencies are used and you want a weak currency but in the long run a strong dollar a strong currency is what you need because it all comes down to goods and the goods get bought with your own dollar even if we're pushing it abroad you're just seeing it commodity so keep that in mind when you see an environment like this where we just see commodity prices through the roof i mean crude staying above 81 bucks 81 13 made it up to 82 this morning but quite a run and we get markets in negative prices we're coming in a bank earnings tomorrow jp morgan they'll be talking about that on fast market as well a little bit of a give back this week to start things off you see on a weekly basis last week we make a high 171 51 you give back six bucks just like that look at this two-day run yesterday we're up at 171 this morning we're 164 coming into their numbers tomorrow it pulled off the analyze tab not that big of a move three dollars and 21 cents priced into their numbers for earnings stay tuned folks we'll be coming back to finish up the show be right back sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live 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petersburg florida your investment can be anywhere from 100,000 to 500,000 you want to make 1000 per year on 100,000 invested a 7,000 per year on a secured tiger first mortgage the tiger first mortgage program may be just the program for you the tiger first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com welcome back folks just like that we got all the markets back in the green s and p's up by three we got a little bit of volatility in both directions as we come into earnings kicking things off tomorrow a great time for a webinar from our man basil Chapman basil coming up next to 10 o'clock with the tiger technicians hour he is going to be doing a webinar folks he's going to be talking about it coming up at 10 o'clock he'll tell you all about it coming up next hour but I encourage you to check it out what to prepare for into the year's end and what sectors to focus on basil will be in there with 90 minutes for subscribers to the opening call one week from today folks Tuesday october 19th four o'clock right after my dad's program from three till four basil with it will be in there with his opening call subscribers for 90 minutes that will be archived if you can't attend it if you've never been to one of basil's webinars before I encourage you to check it out also new subscribers get a 30 day money back guarantee so you got nothing to risk you get a month of his newsletter all right you get access to all the archive webinars he's done he's got like seven eight nine webinars that you gain access to right away as a subscriber you gain access to the webinar going on a week from today 90 minutes of course that's archived as well and going into that what basil says is you know you click this you can head on over to the newsletter you can sign up folks whether it's for a month for 149 six months for 695 that's 22% off or you can save 33% of the year if you're thinking about staying on I encourage you to check out the six months still comes with a 30 day money back guarantee so if you're thinking about staying on you can add the savings in there but what basil talks about here is send the questions into them basilchapman at tfnn.com if you're a subscriber out there you got special things you want to take a look at maybe you're wondering about the year end you have questions for basil to take a look at in this 90 minute webinar sign up send him the email he will talk about him during that webinar as his subscribers contribute to the content of that webinar going on a week from today folks check it out in the front page of tfnn for the open and call basilchapman coming up next all right folks we got markets how about flat nasdaq flat to the tick 14700 s and p's positive by four Russell catching a bid Russell now up 17 points eight tenths percent in the positive stay tuned folks we got our man Basil Chapman he's coming up next with the tiger technician tower fast market excuse me Larry Pezzamento at 11 fast market at 12 Steve Rhodes at one o'clock Dave White at two o'clock and Tom O'Brien my dad from three two four thanks so much for starting your day with me folks stay tuned basil's up next we'll be right back