• Nasdaq up 12.6% from its October 13 bear market low
• High-growth tech stocks have posted impressive rallies
• Buy Block and Splunk as inflation fears recede and Fed pivot hopes rise

The has recorded a notable rebound since falling to its lowest level since July 2020 last month. The tech-heavy index is now up more than 12% from its mid-October lows, bolstering confidence that the sector has bottomed out after its year-long selloff .

The recent rally was fueled by signs that may have peaked, raising hopes that the Federal Reserve will become less aggressive on .

Given that, I think Square-parent Block (NYSE:) and cloud software specialist Splunk (NASDAQ:) are both in prime position to see their respective stocks extend their rally in the months ahead. Both tech companies still have plenty of room to grow their respective businesses, making them solid long-term investments with solid prospects for future growth.

To block

• Performance since the beginning of the year: -54.6%
• Percentage of ATH: -74.6%
• Market capitalization: $43.9 billion

Block has seen a strong rebound since its stock fell to the lowest level since April 2020 on November 3, rising around 20% so far this month. However, shares of the San Francisco, Calif.-based fintech company remain down 54.6% year-to-date (ytd).

Trading around 75% below its August 2021 all-time high, investors should consider adding Block to their portfolios amid strong momentum in its booming Cash App and Square retail business.

The mobile payment specialist led by former Twitter CEO Jack Dorsey posted revenue that beat consensus expectations earlier this month, despite the challenging macro environment.

Block reported gross profit of $774 million for its Cash App business and $783 million in gross profit for its Square merchant business, up 51% and 29% respectively on an annualized basis. In total, the company posted gross profit of $1.57 billion in the third quarter, up 38% year-over-year (year-on-year).

Block Cash app finances

The fintech powerhouse said it had its highest ever quarterly cash inflows, meaning more users are depositing money into their Cash App accounts. The app now has 49 million monthly active users (MAUs), up 22.5% year-over-year.

Dorsey said in a letter to shareholders that the company is showing strong growth, even as other payments companies warn of impending downturns due to ongoing macroeconomic headwinds.

Unsurprisingly, Wall Street has a long-term bullish view on SQ shares, with 41 out of 44 analysts polled by invest.com evaluating it as “buy” or “hold”.

Bulk consensus estimates

The average fair value of Block’s shares at InvestPro implies a 25.5% increase.

Given Square’s owner’s leadership position in the mobile payment processing industry, I think Block could finally see its stock bottom after a sharp sell-off that saw it lose more than half of its market value in 2022. .

Splunk

• Performance since the beginning of the year: -26.5%
• Percentage of ATH: -62.3%
• Market capitalization: $13.8 billion

Splunk has seen its shares fall 26.5% this year as the data analytics software company fell out of favor with investors. But stocks have rebounded significantly since hitting a 52-week low of $65 in mid-October, rising nearly 31% in the past month. At current levels, the San Francisco, Calif.-based software company is still around 62% off its September 2020 all-time high.

Splunk is poised to extend its recovery in the coming months due to favorable business trends as it completes its transition from a perpetual license to a software-as-a-service subscription-based model. Moving to a SaaS business model will likely see the company generate higher annual recurring revenue, greater profitability, and improved free cash flow in future quarters.

The 41 analysts interviewed by invest.com rate the stock as “bought” or “neutral”.

Splunk Consensus Estimates

Quantitative models of InvestPro point to a gain of 32.8% over the next 12 months.

Splunk releases its financial results after the US market closes on Wednesday, November 30. Consensus calls for EPS of $0.25, a significant improvement from a loss of $0.37 last year, while revenue is expected to rise 27.5% year-over-year.

Wall Street analysts are extremely optimistic ahead of the report according to InvestPro with analysts raising their EPS estimates 32 times over the past 90 days to reflect a whopping +182.7% increase over their initial expectations.

Splunk Earnings Forecast

Activist investor Starboard Value, which often targets underperforming software companies, last month disclosed a nearly 5% stake in Splunk. “We believe there are significant upsides at Splunk,” said Starboard CEO Jeffrey Smith, noting that the company could increase free cash flow margins and maintain a strong growth profile that could enable Splunk to generate $8 to $9 of free cash flow per share by 2025. .

Smith added that Splunk’s business made it very attractive as a potential takeover candidate. To add:

“This dynamic creates multiple ways to earn and makes investing in Splunk even more attractive.”

In February, Splunk was valued at $18.4 billion and the Wall Street Journal reported that Cisco (NASDAQ:) had made a bid of more than $20 billion to acquire the company, but talks fell through.

Disclosure: At the time of writing, Jesse is long on the Dow Jones Industrial Average and S&P 500 via SPDR Dow ETF and SPDR S&P 500 ETFs. It is also long on the Energy Select Sector SPDR ETF. The views discussed in this article are solely the opinion of the author and should not be taken as investment advice.

Jeremy Fullerton meticulously guides a full pint of beer, balancing it and avoiding spillage, on the usual terrain of the long wooden table in a bar. There are cell phones, sunglasses, a mask… and a box of unsigned, unreleased Jared Hart Allen & Ginter cards.

If you’ve ever received an autographed card, you probably haven’t given much thought to how and where they were signed. But every signature had to come from somewhere. In the case of Hart, a rock legend from New Jersey who fronts Mercy Union, it was over (or, more technically, below) beers at Jersey City’s 902 Brewing Co., a huge warehouse-style brewery with long tables for shared seating and beer names like “Heaven, Hell, Or Hoboken” and “Finding Emo.”

Fullerton, the brand manager of Topps’ baseball line – he’s the mastermind behind the popular Super short “Big Heads” print variations in Topps Update last year, as well as the “mascot heads” in series 2 of this year, among other things – needs Hart to sign about 400 cards. It’s a process that will cover about five hours on a windy June evening.

Fullerton arrived at 902 Brewing ahead of Hart, who was born and raised in nearby Bayonne. He carried a long brown cardboard box with Hart’s card taped to the top and a blue “Sign Here” in script where Hart was to put his signature. On the side of the box was a sticker with a breakdown of how many cards Hart should sign of each type and what color (like 25 silver variations).

It’s the first time Fullerton, who estimates he’s made “a few hundred” signings with celebrities and athletes, has chosen a brewery as the venue. These usually take place in homes, offices or locker rooms. The laid-back nature of the venue belies the details inside Fullerton’s box. He pulls out six markers – two gold, two silver, one red and one blue – and each stack of Hart cards he takes out of the box is wrapped in a piece of paper that screams something like “SIGN THEM IN INK BLUE”.

The Allen & Ginter line began in the late 1800s as a series of tobacco cards. If you wanted a Buffalo Bill Cody card back then, chances are you had to chase down Allen & Ginter. In 2006, Topps relaunched the line and, in homage to the original content, mixes baseball players with pop culture figures, fishing lures, Italian subs and even hair relics. It’s awesome. It’s funny. And it’s the perfect home for a Jared Hart card.

Hart’s father, who recently retired after 28 years as a high school photography teacher, took the photo that was ultimately chosen by Topps. “It was great to share that with him,” Hart said. And while Hart had seen digital versions of the card, the signature was the first time she had seen it in actual physical form.

Signed and relic cards – “hits” in trading card lingo – are smaller than the usual Allen & Ginter cards. Hart will have an unsigned “common” base card which is the normal size, but everything he signs today is of the “mini” variety, making the signing area much smaller.

Among the cards Fullerton brought to the brewery were ultra-rare, black-rimmed “Ginter X” versions, which Hart would sign in gold and silver. Each gold signed card is limited to five.

But no really.

There were actually seven of them. Hart signed them all, as Fullerton explained, they bring extras in case a signature gets smudged or a card falls inadvertently, or more premature fate. Plus, “people aren’t used to signing things that small,” Fullerton explained. Hart, however, has no problem with this; A musician on tour, he puts his signature on objects as small as a pick. (His the weirdest the signed item, for the curious, was a Bret Hart shirt that a fan was wearing. “For some reason he thought I was his cousin.”)

And not all seven cards will go to Topps. Hart is allowed to keep one of each to complete his own “rainbow”.

In addition to the autographed versions, Hart also had to choose an item of clothing for his “relic” cards. If he had been a basketball player, it would have been his jersey, cut into small pieces to be pasted into a card and sought after by collectors. Some celebrities sent ties. Hart opted for a palm tree shirt which he started wearing on stage when Mercy Union first formed.

“I think he did three or four tours with me,” Hart explained, “and probably ended up on stage for a third of those shows.” He also had the collector in mind when he chose the palm tree shirt over the others in his collection. “I thought the relic would look much cooler with a little palm sticking out on each card,” he said. “There’s a lot of sweat and beer embedded in that fiber.”

Fullerton does not recall a palm tree shirt ever being used for a relic. He lists some of the more interesting relics he’s seen passing through Allen & Ginter, including “Breaking Bad” storyboard maps for use with Vince Gilligan’s maps, an old Dan Rather notebook he used during interviews and the original tiger mask sent. a worn mask. Erin Andrews gave Topps several old press credentials, and Tony Hawk “gave us a well-used skate deck.” A typical item, Fullerton said, should create “several hundred” relic cards.

At some point in the evening, Allen asked if he could sign a “201” under his name – a tribute to the Bayonne area code. Fullerton told him he could write whatever he wanted. Athleticism is proud to exclusively announce that Allen has signed many of his 400 “base” autograph cards with a “201” on them. Our best estimate is 20%. Keep this in mind when buying on eBay.

What else are we talking about while someone is signing over 500 cards? Hart shared his inner agony at the thought of recording a Christmas song — not because it was a sold-out sale, but because he was worried he couldn’t “get it right.” He also recommended we check out jazz musician Robert Glasper and shared a story of when a very specific part of his car was stolen while he watched from his porch and couldn’t do anything about it.

About five hours into our time at 902 Brewing, Hart – a remarkably cramp-free hand but maintaining impressive pace throughout – signed his final Allen & Ginter card. Fullerton put everything back in the box and put it away for safekeeping. The cards would be shipped to the printer, where they would be collated and randomly inserted into Allen & Ginter packs by a machine programmed to ensure that Hart’s five Ginter X gold ink cards were properly distributed into packs.

And at that time, Hart will join Bell Biv DeVoe, Mark Duplass, Scott Hanson, Rachel Balkovec and Alice Cooper in the Allen & Ginter 2022 packs. And at some point in the near future, a collector somewhere will receive a Jared Hart card and wonder aloud what the “201” under his name stands for.

Funds to modernize and expand campus facilities

Officials for the Santa Clarita Community College district, which includes the College of the Canyons, announced that its third Measure E bond issue, sold in late October, raised $70 million with the goal of building the Canyon Country campus and to modernize the Valencia campus.

“Thanks to community support through Measure E, College of the Canyons continues to be well positioned to expand its programs and services to our students and local workforce,” said the Chancellor. Dianne Van Hook in a prepared statement.

“The improvements planned at both of our campuses will benefit our students, staff, faculty and the Santa Clarita Valley community for years to come,” she added.

Local voters approved Measure E in June 2016 for a total of $230 million to fund multiple projects on both campuses. The COC issued its first and second series of bonds and authorized a total principal amount of $50 million and $85 million in May 2017 and August 2019, respectively.

Local activist Stephen Petzold, a frequent critic of the college, said he was concerned about how it would affect owners and criticized the bond sale process. Other community members and students testified before the board in support of the issue, saying that these funds can improve COC facilities, to the benefit of students and the community.

Petzold said he was concerned if the district issued the remaining $95 million, the move would negatively impact landowners at a time of high inflation.

“They said you wouldn’t have to pay more than $15 per $100,000 of assessed value in 2016, just when the bond measure was approved,” Petzold said. “Legally they can break it and they could go up to $25 per $100,000 valuation.”

As part of the bond measure outline in 2016, district officials said they would do their best to maintain a property tax rate of $15 per $100,000 of assessment, which would be required to repay the bonds.

According to Sharlene Coleal, assistant superintendent and vice president of business services for the COC, for an average home costing around $800,000, that would be about $120 a year in property taxes.

Petzold said he couldn’t understand how the district would be able to deliver on that promise to ratepayers if it delivered the full $95 million without imposing a burden on ratepayers.

“They say it will stay below $15 per $100,000 of assessed value because what they are doing is borrowing the interest that will be due in tax year 23-24” , Petzold said. “They are praying that the increase in the projected estimated value will increase enough.”

David Casnocha, lawyer and bond adviser to the COC, said the plan was to finish the bond program this year and issue the remaining $95 million. Earlier this year, the District Board of Directors passed and authorized up to $95 million in bonds and for this process to proceed.

However, the board ultimately opted to issue $70 million instead of the $95 million after receiving additional information and data regarding an increase in interest rates, the projected tax rate needed to repay the bonds. and formulating an expenditure schedule.

“Against this backdrop, the District underscored its commitment to taxpayers when the bond measure was first passed that they expected a tax rate of $15 per $100,000 of value. taxable,” Casnocha said. “Board and staff really wanted to stay with a tax at or very close to that figure.”

“And it turned out that because of rising interest rates, we couldn’t conservatively predict a $15 tax rate if we sold the $95 million with the bonds. So we reduced the bond issue near the very end from $95 million to $70 million.

The district will seek to issue the final $25 million in bonds in the future, he added.

Casnocha also noted that reimbursement of Series A and Series B of Measure E is still pending. The combined tax to support all district bonds, Series A, Series B and Series C, is at or near $15 per 100,000 of assessed value, he said.

Measure E’s first and second issuances funded the construction of the Takeda Science Center. The approximately 55,000 square foot building is primarily devoted to the physical and biological sciences, housing eight laboratories and classrooms.

Measure E also funded the construction of the Student Services/Learning Resource Center, which is nearing completion at the Canyon Country campus. The four-story building is adjacent to the Takeda Science Center and will provide office space and a library on the Canyon Country campus, according to COC officials.

Additionally, the district also built a three-story parking structure on the Valencia campus, which added 1,659 parking spaces.

This third issue will go to the renovation of several existing buildings on the Valence campus. The funds will also support the construction of a new 25,000 square foot classroom and lab building that will replace two sections of modular buildings on the Canyon Country campus.

Eric Harnish, vice president of public information, advocacy and external relations for the COC, said the district will seek to use a portion of these funds to make improvements and stay compliant with the Americans with Disabilities Act. .

Coleal noted that district staff have received communications from students and other stakeholders indicating that they are excited to see this third edition. Students in particular want to be in these new or renovated facilities, she added.

Harnish said COC enrollment has been down, but “it’s not something that’s unique to community colleges because it’s something that all levels of higher education experience.” The COC’s current enrollment as of the 2021-22 school year is around 32,000 students, he added.

“Students are showing a preference to return to in-person classes, but there’s always a demand for online classes as well because of the flexibility it provides,” Harnish said.

According to Harnish, local voters in Santa Clarita approved three Measures for the college: Measure C in 2001, Measure M in 2006, and then Measure E in 2016.

“Looking back this far is important because it really shows the college’s commitment to protecting the taxpayer,” Harnish said. “We’ve refinanced bonds 44 times and it’s saved local ratepayers nearly $50 million.”

Coleal claimed the entire bond process, from start to finish, is “very scrutinized.”

The district works with multiple agencies such as the IRS, rating agencies, attorneys, financial advisers and the Los Angeles County Treasurer and Tax Collector to review all transactions, she added.

“There are a significant number of checks and balances that are built into the process of selling bonds — both during the sale and then as you spend the money,” Harnish said. “District ratepayers can be confident in this process.”

]]> https://beedeefiel.com/3-stocks-to-sell-asap-before-they-implode/ Tue, 15 Nov 2022 17:50:06 +0000 https://beedeefiel.com/3-stocks-to-sell-asap-before-they-implode/

As we look to next year, we need to think about which stocks to sell and which opportunities to seize. This year has been all about de-risking portfolios, and that trend will likely continue for the foreseeable future.

Stocks have been under pressure for several months now, and the trend isn’t fading anytime soon. The Federal Reserve has raised interest rates aggressively, putting immense pressure on growth stocks, which still trade at relatively high valuations. If interest rates continue to rise, these stocks will likely see even more compression.

In addition, economic growth is slowing down. If there is a recession, the market will only get worse. However, some stocks are more likely than others to falter in the painful downturn. Let’s look at three such stocks that you should probably eliminate from your portfolios.

blue apron (APRN)

This increase in demand for online groceries has been a boon to companies such as blue apron (NYSE:APRN), which delivers meal kits right to your door. Founded in 2012, Blue Apron was one of the first companies to enter the meal kit delivery space. In 2017, the company held a market share of 40%, which is only 9% at present.

Given the unfavorable market conditions, the company faced increasing cost pressures, resulting in mounting losses. Additionally, its liquidity issues point to more shareholder dilution ahead.

The path to profitability is a major concern for the company. The combination of rising costs, growing competition, and inflation-pressured customers made the goal of breaking even elusive. Therefore, it is one of the stocks to sell before it loses more value over the next few quarters.

Metaplatforms (META)

Source: Aleem Zahid Khan / Shutterstock.com

Tech giant Metaplatforms (NASDAQ:META) has seen remarkable volatility this year, much like its peers. Its dismal performance in the stock market this year can largely be attributed to inflation and the Fed’s response. Its business is highly dependent on advertising revenue. As interest rates rise and the economy slows, businesses are less likely to advertise, which has a direct impact on the top and bottom lines of businesses that depend on ad revenue.

Most of his problems, however, are self-inflicted. Its metaverse experiment as part of its Reality Labs segment has not been successful so far, burning through its cash reserves at a rapid pace. The slice is lose billions every quarter, and while that may seem paltry for a company like Meta, it adds up considerably. Even if the plan comes to fruition, it will be many years before it has an impact on the company’s sales. Meanwhile, META stock will continue to lose more value for the foreseeable future.

Tilray (TLRY)

Source: Lori Butcher / Shutterstock.com

Tilray (NASDAQ:TLRY) is one of Canada’s leading licensed producers and the world’s largest cannabis company. He did well to grow his business inorganically through his major acquisitions and investments in Aphria and Hexo. However, its acquisitions did not bear much fruit, with its results in the medical and adult markets declining from the prior year period. Plus, it has limited access to the US marijuana market, making it an unattractive legalization game in the US.

Quantitative tightening has wreaked havoc on Tilray and other speculative growth stocks. However, companies in the cannabis sector haven’t learned how to make money efficiently, and Tilray is no different, with its stock taking a hammer blow. Even if interest rates were to return to 2021 levels overnight, that shouldn’t be enough to save Tilray. Its recent results show that it is not growing fast enough to justify its share price. Thus, this is one of the stocks to sell.

It went well. Gilt yields are down from panic spikes. Another dream of “hub” traders is going to hell.

By Wolf Richter for WOLF STREET.

The Bank of England today sold, as part of its quantitative tightening (QT), £750 million worth of British government bonds (gilts) at auction. These bonds were among the holdings the BOE had acquired during the QE program since 2009. The bonds it sold today had remaining maturities ranging from around three to seven years.

And so the BOE became the first major central bank to sell bonds as part of its QT.

Back to QT double track to speed up QT.

Bond sales come on top of the classic QT of letting maturing bonds leave the balance sheet without replacing them, which is what the Fed and the Bank of Canada are currently doing.

The BOE has already launched QT in March this year. Three gilt issues matured and rolled off the balance sheet in 2022 without replacement: in March (£27.9bn), July (£3.2bn) and early September (£5.9bn). pounds sterling), for a total of 37.1 billion pounds sterling.

Over the next 12 months, another £35bn of gilts will mature and leave the balance sheet. Outright sales of gilts, including today’s sale, are in addition to deadlines.

So now the BOE is back on a two-track with its QT: through outright bond sales and letting maturing bonds off the balance sheet.

These maturities of gilts are rare – around two to five maturities per year – because the BOE holds very long-term gilts. Its oldest gilt issue will not mature until 2071. Over the next 10 years, £430 billion worth of gilts will mature, just under half of its current gilt holdings of 837 £.9 billion.

To speed up QT, the BOE launched its outright bond sale program at regular auctions. On October 20, the BOE presented the revised schedule for gilt sales in the fourth quarter of 2022. Over the next five weeks, from November 1 – today’s sale – to December 8, the BOE will hold eight auctions, selling short and medium maturity gilts. , £750million at each auction, for a total of £6billion in five weeks. One less, seven more.

The BOE has announced that it will announce the auction schedule for the first quarter of 2023 on December 16. The dual-track QT is back on track.

There had been a hiccup: death of the pension fund-spiral interlude.

Today’s bond sale should have taken place in early October. That was the plan. The BOE’s monetary policy committee had voted at its September 22 meeting to start selling gilts from the beginning of October.

But on September 28, the whole plan was frozen when highly leveraged UK pensions with £1.5 trillion of liability-driven investment funds (LDIs) threatened to implode, as the LDI strategy was not designed for the long-term surge in gilt. yields. Pension funds received margin calls from the investment banks that sold them these LDI strategies, and they were dumping gilts and other assets to meet those margin calls, causing prices to plunge further. gilts and driving up yields, which further threatened pension funds, creating a death spiral for gilts that began to spread to other assets.

The BOE intervened on September 28, announcing that it would buy large amounts of long-term gilts over a two-week period to calm the gilt market, and that it would suspend its planned bond sales until November.

This was instantly touted as another “pivot” by Wall Street pivot dealers who had been predicting central bank pivots left and right since May in order to manipulate markets higher. Famous hedge fund managers and bond fund managers with a strong presence on social media spread the word and appeared on television to tell this pivotal story, and it was eagerly greeted by the crowd and spread from of the.

Meanwhile, the BOE bent over backwards to explain that this was not a return to QE, but a brief effort to calm the panic and give pension funds time to deleverage their derived positions related to LDI.

His main objective is to contain raging inflation at 10%, and he needs rate hikes and QTs, but he also needs the markets not to panic over pension funds.

The BOE ended up buying just £19bn worth of gilts, far less than the £90bn worth of gilts it said it could buy. And as announced, the operation ceased on October 14.

So now the dual-track QT is back, and more rate hikes are in store. It has already raised its key rate seven times, including by 50 basis points at its September meeting, to 2.25%.

The markets have calmed down. The government that scared the bond markets is gone. A new government is installed. Everyone is going to have to pay more taxes, he said, which further calmed the bond market. The vigilantes of the bond had risen from the dead and had won their first battle in many years. The bond market has calmed down. The 10-year gilt yield fell about 110 basis points from the panic peak to 3.46%. And the BOE can proceed with rate and QT hikes.

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Get a head start on the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the week ahead. The newsletter keeps you informed of the biggest stories that will make headlines, including upcoming IPOs, investor days, earnings reports and conference presentations.

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Major earnings reports will continue to roll in next week with Pfizer (NYSE: PFE), Starbucks (NASDAQ: SBUX) and DraftKings (NASDAQ: DKNG) all due to make the trip to the revenue confessional. In total, about a third of S&P 500 companies will report earnings during a five-day blitz. Investors will also have a Federal Reserve meeting and a Jerome Powell press conference to digest in hopes that the central bank’s hawkish stance will be confirmed and the target rate will be raised by 75 points. Expected economic reports include updates on construction spending, PMI and factory orders before the end of the weekend with the October jobs report. Analysts will also be busy breaking down the potential implications of the upcoming US election for the market, sectors and individual stocks as November 8 approaches.

Earnings Spotlight: Monday, October 31 Stryker (SYK), NXP Semiconductors (NXPI) and Avis Budget Group (NASDAQ:CAR).

Earnings Spotlight: Tuesday, November 1 Eli Lilly (LLY), Pfizer (PFE), Toyota Motor (TM), BP (BP), Uber (UBER) and Airbnb (NASDAQ: ABNB).

Earnings Spotlight: Wednesday, November 2 – Qualcom (NASDAQ: QCOM), CVS Health (CVS), Booking Holding (BKNG), Humana (HUM) and Yum Brands (YUM).

Results Spotlight: Thursday, November 3 – ConocoPhillips (COP), Amgen (AMGN), Paypal (PYPL), Starbucks (SBUX) and Moderna (MDNA).

Earnings Spotlight: Friday, November 4 – Duke Energy (DUK), Dominion Energy (D), Hershey (HSY) and DraftKings (DKNG).

Overview of the IPO: ASP isotopes (ASPI), Alopex (NASDAQ:ALPX) and Beamr Imaging (BMR) are on the list of potential IPOs that could price and start trading, although the companies have continued to delay their public launches in the current market environment. IPO lock-up periods expire during the week for blocks of Austin Gold shares (AUST), PepGen (NASDAQ: PEPG) and Kiboko Gold (KIB: CA).

Overview of FOMC results: The Federal Reserve’s policy-making committee is expected to raise rates at the Nov. 1-2 meeting and maintain a hawkish tone with a steady stream of inflationary data since the September meeting. UBS expects the FOMC to keep its options open rather than giving hints that the pace of rate hikes will slow in December. The firm noted that there are no new economic projections released at the November meeting, so all the action will be in the FOMC statement and the president’s press conference. Kansas City FRB Chairman George is seen as a dissenter in favor of a smaller rate hike. It has also been observed that over the past few weeks, FRB Vice Chairman Lael Brainard has expressed concerns about the pace and extent of the ongoing global monetary policy tightening and FRB Chairman of San Francisco’s Mary Daly said there should at least be some discussion about slowing the pace. Federal Reserve Chairman Jerome Powell is expected to emphasize a wait-and-see stance on decisions from the December meeting.

Boeing Investor Day preview: The world’s largest aerospace company is holding a key investor day just a week after seeing its stock post the biggest one-day drop since May. Boeing reported a larger-than-expected quarterly loss and noted that losses widened amid difficulties in its defense business, while its commercial aviation unit continues to face supply chain constraints and regulatory barriers. Revenue rose 4% from a year earlier to $16 billion, but missed the consensus estimate of $1.95 billion. During the earnings conference call, Boeing executives again cut the 2022 target for deliveries of the 737 MAX single-aisle jet to 375 from 400. The event for investors should add more color to expectations from Boeing for 2023 deliveries and the mix of planes offline or removed from storage. In addition, many of the longer-term issues with Boeing should be addressed on Investor Day to perhaps ease some investor concerns.

Holiday Shopping Preview: The National Retail Federation will hold a media call on Nov. 3 to release its forecast for holiday retail sales in 2022. The NRF forecast will be another key data point for investors pricing Target (TGT), Best Buy (BBY ), Dick’s Sporting Goods (DKS) and Walmart (WMT) after Amazon (NASDAQ: AMZN) policy shock and amid lingering concerns about consumer discretionary spending. Bank of America previously released a forecast that holiday comparable sales would grow 1.3% this year, decelerating rapidly from the +6.5% pace a year ago. The firm noted that inflationary pressures are weighing on consumer spending, especially at low/middle income levels, as non-discretionary spending such as gas, groceries and rent are high. However, that doesn’t mean there won’t be any holiday winners. BofA listed Tapestry (TPR) as a top pick in specialty retail because it believes the company has sustainable pricing power and low risk of inventory shrinkage. In the hard lines, Ollie’s Bargain Outlet Holdings (OLLI) and Tractor Supply (TSCO) are called the standouts. Meanwhile, the best food and discount choices are Costco (NASDAQ: COST) and BJ’s Wholesale Club (NYSE: B.J.) with their strong value proposition that supports continued traffic and market share gains.

Corporate events: wolf speed (NYSE: WOLF) and Criteo (NASDAQ: CRTO) will hold Investor Day events on October 31. The three-day LA Blockchain Summit begins November 1 with the cryptocurrency world looking for a spark. Notable speakers include Michael Saylor of MicroStrategy (MSTR), SkyBridge partner Anthony Scaramucci, and Apple co-founder Steve Wozniak. Spartan Nash (NASDAQ: SPTN) will hold its Investor Day on November 2. Twilio (NYSE: TWLO) will host a virtual Investor Day on November 3. On the same day, AMD (NASDAQ: AMD) will host a live event with the tagline “Together we advance the game”. The chipmaker plans to unveil the next generation of AMD Radeon graphics and provide details on the new high-performance, power-efficient AMD RDNA 3 architecture. The week ends with the VMWare (VMW) shareholders’ meeting on November 4 to vote on the Broadcom (NASDAQ: AVGO) merging. Read Seeking Alpha’s Catalyst Watch for a detailed list of next week’s events.

Mentions of Barron: Visa (V) drew a bullish recommendation from the release this week with shares falling sharply amid the market’s sell-off this year. Visa has fallen back to where the shares were in January 2020 before the meteoric growth of digital payments drove the stock higher during the pandemic. On the plus side, Visa is reputed to have impressive free cash flow, zero net debt and continues to drive double-digit sales and earnings. The kicker is that on an assessment basis – Visa looks cheaper than it has in years. As worries about a possible recession dented sentiment, Barron’s said history shows Visa continued to grow even during the financial crisis of 2008-2009. This week’s cover story touched on the upside potential for small cap stocks in a market as choppy as it has been in years. It was noted that small-cap companies were predominantly domestic, which helped them avoid much of the effects of the 17% rise in the US dollar against other currencies. More importantly, multinationals are being observed to be on an offshoring trend with supply chains in what could end up being a major tailwind for small cap companies. Stocks in the small cap universe mentioned as attractive were Veritex Holdings (VBTX), Advanced Energy Industries (NASDAQ:AEIS), Patterson-UTI Energy (PTEN), ChampionX (CHX), AAR Corp, (AIR), KAR Auction Services (NYSE: K.A.R.), Flowserve (NYSE: FLS).

Sources: EDGAR, Bloomberg, CNBC, Reuters

Swing trading is a trading strategy that involves buying a stock (or other asset) and holding it for as little as a day and as long as a few months. Although it is an aggressive strategy, it is less aggressive than day trading, which involves buying and selling an asset on the same day.

Swing trading is hard to get right, and it’s definitely not for people new to investing. To help you learn more about swing trading so you can (hopefully) make a profit, we’ve rounded up the best swing trading books.

Best Overall: “Mastering the Trade” by John F. Carter

This book is a good choice for beginners and people already familiar with swing trading. The first section covers the basics such as how the markets work and the motivation behind your trades.

The second section dives deeper into swing trading in particular. You’ll learn things like pivot points, scalping, and ways to decipher when an asset is going to gain or lose value. The final section focuses on real life scenarios, including tips and insights from several successful swing traders.

Best for Beginners: “Swing Trading as a Part Time Job” by Brett Brown

Brown breaks down the basic concepts of swing trading chapter by chapter. You will learn how swing trading differs from day trading and position trading, and how swing trading can help you achieve your specific goals rather than the other two. You will also learn how to choose a broker, trade stocks and options, and identify trends on charts.

Ideal for technical analysis of swing trading: “How to Swing Trade” by Brian Bazim

There are many great books on technical analysis. “How to Swing Trade” is our top pick in this category because it focuses specifically on how to use technical analysis for swing trading. (Some books talk about technical analysis in general, or how to apply it to other types of trading.)

Technical analysis is a tool that uses a company’s past performance to predict its future performance. This book covers many aspects of technical analysis, and it devotes three of its 15 chapters to different aspects of technical analysis.

Best for swing trading psychology: “The New Trading for a Living” by Dr. Alexander Elder

Although this book does not focus solely on swing trading, it is valuable reading for anyone interested in swing trading. Elder begins the book by diving into why you might want to trade and what lessons you should learn before you trade. It also covers classic trading topics, such as market indicators and risk management.

Finally, he concludes the book with tips, homework, and thoughts to help you move forward and become a successful trader.

Other Swing Trading Books We Considered

We reviewed over a dozen swing trading books before picking our favorites. The following books don’t stand out as much as our top picks, but you may still be interested in reading them. Since swing trading is a complicated and risky strategy, it may be useful to know more about it.

Frequently Asked Questions

What is swing trading?

Swing trading is an aggressive trading strategy. Unlike day trading, you will hold a stock overnight at least once. You can even hold it for a few months. Then you use technical analysis to decide when to sell, hoping to maximize your profits.

You can also trade trading assets other than stocks, including crypto, options, forex, and more.

What is the best swing trading book?

The best book on swing trading will depend on how much you already know about the subject and what you want to learn. John F. Carter’s “Mastering the Trade” is Insider’s top pick because it covers a variety of topics and can be useful to swing traders of all skill levels.

Is swing trading always profitable?

Yes, swing trading can be profitable if you have a deep understanding of the market and develop a solid strategy. Because it’s risky, it has the potential for big wins, but also big losses.

Payday loans aren’t for the timid. If you’re not careful, you could find yourself paying more than you bargained for if you take out a loan. It’s critical to understand the benefits and obligations of a grant before you apply.

In order to understand how payday loans work, we must first understand what they are.

Personal loans and other types of consumer credit don’t work the same way as payday loans. Payday loans can be obtained online or through a local branch, depending on your location.

Payday loan regulations vary from state to state, with some states limiting how much you can borrow or how much interest and fees a lender can charge. Payday loans are illegal in some states.

As soon as you’re authorized for a payday loan, you can choose between receiving your funds as an immediate cash advance or via check or direct bank deposit. When the loan is due, which is usually within 14 days or with your next paycheck, you’ll have to pay it out in full, as well as the finance fee.

The finance charge on payday loans is usually depending on the size of the loan. A high annual percentage rate (APR) is inevitable with loans with such short repayment terms as payday loans. Payday loan interest rates typically exceed 400 percent, according to the Consumer Federation of America.

More than 2.5 million American households take out payday loans each year, according to The Economist. A few factors account for this surge in popularity. There are a number of reasons why people turn to payday loans. They may be unable to obtain a personal loan with better terms because of their low credit or lack of money.

Another possible factor is a lack of understanding or apprehension about the many options. Other examples include asking family and friends for help, which may not be an option for everyone. There are alternatives to payday loans, but finding them might be difficult.

Because payday loans from Payday-Now are so easy to obtain, many people turn to them as a last choice. According to the Consumer Financial Protection Bureau, 36 states had more payday lender locations in 2015 than McDonald’s restaurants in all 50 states (CFPB). 

There are a few requirements for approval by payday lenders. A majority of lenders don’t assess a borrower’s credit or ensure that they have the ability to pay back the loan. In most cases, all you need is a valid form of identity, a current bank account, and a regular source of income.

Payday loans have a maximum loan amount of $1,500.

According to the Consumer Financial Protection Bureau, the typical two-week payday loan costs $350. Nevertheless, the amount of a payday loan can vary greatly from state to state, from $50 to $1,000. Payday lending is currently legal in 32 states, with a maximum loan amount restricted to $1,000. There is no cap in Maine, Utah, Wisconsin, or Wyoming. While California and Montana have a restriction of just $300, Delaware and Idaho have a $1,000 limit.

Nevada and New Mexico, for example, limit each payday loan to a quarter of the borrower’s monthly salary. Payday lending is legal in 32 states, although the costs and the maximum loan amount are restricted in these states.

How Much Do Payday Loans Cost?

Each $100 borrowed is subject to a fee of $10 to $30 under state rules regulating payday loans. The cost of a two-week payday loan is generally $15 per $100.

Think about taking out a $200 payday loan and being charged a $15 service fee for every $200 borrowed. That is a simple interest rate of 15%. That 15% finance fee, however, corresponds to an APR of nearly 400% because the loan term is only 14 days in length. The daily interest fee is $1.07 for a two-week borrowing.

The cost of borrowing $100 for a full year would be $391 if the loan duration was one year. Before you accept the loan, your lender must provide you with the APR. Payday loans often have annual percentage rates (APRs) of 400 percent or more, although some have had APRs of 1,900 percent. Credit card interest rates, on the other hand, often run from 12 to 30 percent.

How Do I Pay Off a Payday Loan?

Payday loans are often repaid in a single installment by the time you get your next paycheck. Check the agreement or inquire about a particular due date from the lender, as repayment terms can vary widely.

You may have several alternatives for repaying your debt, depending on your lender:

• Applying with a postdated cheque
• When you get your next paycheck.
• Online on the website of the lender
• Your bank account will be debited automatically.
• A different kind of credit 

Lenders have the right to take money out of your account if you don’t pay back a loan on time.

Payday loan customers are frequently unable to make timely payments on their debt. 20 percent of payday borrowers default on their loans, while more than 80 percent of payday loans taken out by borrowers were either reborrowed or rolled over in the first 30 days.

To what use does the term rollover apply?

When allowed by state law, some payday lenders will provide a rollover or renewal option. If the loan is due soon, the lender permits the old loan balance to be transferred to a new loan or to renew the existing loan.

The borrower would only be responsible for the costs, and the greater loan total would be postponed until a later date. There is more time to pay back the loan and meet the terms of a contract. However, if they continue in the cycle, they’ll be collecting up hefty costs.

There’s the possibility that I’m a soldier.

There are safeguards in place for active-duty military members and their families under the Military Lending Act (MLA). Payday loans, vehicle title loans, return application loans, deposit advance loans, installment loans, unsecured open-end lines of credit, and a 36 percent Military Annual Percentage Rate (MAPR) cap are all included in the expanded MLA protections.

Finance charges, as well as some application and participation fees, are also included in the cap on fees for credit-related supplementary items

Taking Out a Payday Loan Can Hurt My Credit Score?

Applying for a payday loan has no impact on your credit score or appears on your credit report because most payday lenders don’t run credit checks on their applicants. After you take a payday loan, it won’t appear on your credit report. As a result, they have no effect on your ability to build credit.

However, if the loan becomes late and the lender sells your account to a collection agency, they may appear on your credit record. Credit reporting bureaus can harm your credit score when a collection agency purchases a delinquent account and reports it as a collection account.

Options for Repaying a Cash Advance

Even if you have poor credit, you can use debt consolidation to repay a payday loan. While the approval conditions for bad credit debt consolidation loans are more stringent, the interest rates and fees charged by these lenders are often lower than those of payday lenders. In addition, because of the lengthier payback terms, you’ll have more time to pay back the loan.

A lower monthly payment on a consolidation loan can help you better manage your debt repayment obligations because of the lower interest rate and longer repayment term it normally provides. If you pay your loans on time, the debt will appear on your credit report, which can help you improve your credit rating.

It’s my state’s responsibility to ensure that payday lenders are licensed to operate.

Payday lenders must be licensed in the states that allow them, but not all states do. The loan is void if it is made by an unregistered lender. There is no legal basis for lenders to collect or demand repayment of the payday loan from consumers.

In each state, payday loans are subject to varied regulations, including whether or not they can be obtained from a storefront lender or online. Your state’s bank regulator or attorney general should be able to answer any questions you may have about payday lending licensure.

Is it worth it to take out a payday loan?

A payday loan can be a lifesaver in the event of a financial emergency. If you can’t afford to pay back the loan on time, you may find yourself in a never-ending cycle of debt.

The bottom lesson is that you should weigh all of your options before deciding to take out a payday loan.

A Payday Loan Is Not Your Only Option.

Payday loans should be a last resort in most circumstances. Here are a few other options that could be able to suit your requirements while also saving you money.

Personal Loans for People with Poor Credit

When it comes to bad credit borrowers, some personal lenders have a lot of experience working with them. In most cases, it is possible to borrow money to help with everyday expenditures, a sudden financial emergency, or even to pay down debt.

Even though you’ll pay a greater interest rate on a personal loan than you would on a payday loan, the difference is negligible.

Be it with close ones or new acquaintances

Asking for money from a family member is never pleasant. It may be worth it if the alternative is going farther into debt. If you don’t have a written agreement in place, don’t worry about it.

Bankruptcy-related Charge Cards

If you’re short on cash, a security deposit is usually required for bad credit credit cards. In contrast, some credit card issuers provide low-credit-requirement credit cards.

If you have a low credit score, you may be able to apply for retail credit cards. Many of these cards can be used outside of the store, despite their modest credit limits.

Be aware of your choices

However, payday loans aren’t the only option for borrowers in need of short-term cash. Always evaluate your options before making a decision that could make your life more difficult if you’re short on funds.

In the event of poor credit, make sure to look into your report and score to see where you can improve. In some circumstances, incorrect information may have the potential to improve your credit rating if it is deleted. You should always keep an eye out for strategies to raise your credit score so that you can take advantage of more favorable loan terms in the future.