Today in the news, charts and everything stock market-related.
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$TSLA Elon Musk sells another $700M worth of Tesla stock
$AMD Wedbush Downgrades NVIDIA to Neutral, Raises Price Target to $300
$TSLA 'Tesla FSD Beta crash report posted on NHTSA website, claims car fought for control' -Teslarati
$AAPL 'A sketchy rumor, claimed to be based on supply chain information, says that #Apple will release the next version of its #AirPodsPro in 2022's third quarter' -Tweet From AppleInsider
$XPEV XPeng To Unveil New Smart Electric Vehicle Model At Auto Guangzhou 2021 Nov. 19, 2021
$WIX Needham Maintains Buy on Wix.com, Lowers Price Target to $250
$PENN Deutsche Bank Upgrades Penn National Gaming to Hold
$GRWG Stifel Downgrades GrowGeneration to Hold, Lowers Price Target to $24
Tesla Inc. $TSLA$ continues to be the most-discussed stock on Reddit’s r/WallStreetBets forum as of early Friday, while PaySafe Limited $PSFE, Advanced Micro Devices Inc. $AMD, ContextLogic Inc. $WISH and Nvidia Corp. $NVDA are also seeing high interest.
$CELH Credit Suisse Downgrades Celsius Holdings to Neutral, Raises Price Target to $103
$RIDE Lordstown Motors falls sharply as later production timeline weighed
$JNJ Johnson & Johnson shares are trading higher after the company announced its intent to separate its Consumer Health business, creating a new publicly traded company.
$BMLB Dating App Bumble Is Looking For A Head Of Crypto And Web3
1/ Home Depot $HD - Will report quarterly results before market open on Tuesday, Nov. 16, 2021.
2/Lordstown Motors $RIDE - One of the most discussed stocks in Benzinga Pro's lounge chat Friday morning.
3/NuZee $NUZE - Thursday's momentum-du-jour trade. The stock closed up more than 160% following news a partner, Cuvee Coffee, expanded into select Walmart $WMT stores across the US.
4/Affirm $AFRM - One of the top 5 most-searched tickers in Benzinga Pro over the last 24 hours.
5/The Trade Desk $TTD - A recommendation by CNBC's Jim Cramer suggested The Trade Desk shares are a buy.
$MSFT getting a lot of dark pool activity this morning
others to note: $MQ & $DOCS
$CROX 30M inverse head & shoulders
$QCOM Setting up on the 30M
$TXT Falling wedge breakout on the 30M chart
News of Johnson & Johnson's $JNJ split was on top of investors' minds as well as Tesla $TSLA CEO Elon Musk selling more than 600,000 shares worth about $700M.
Electric vehicle maker Rivian Automotive $RIVN continued its rise following its IPO earlier in the week and gained 3.5% in premarket trading after yesterday's advance.
Toshiba, (OTCPK:TOSYY), following in the footsteps of General Electric, decided to split into three companies. In other M&A news, LabCorp $LH gained 2.5% after a report that the company is in talks to merge part of its Covance business with Syneos.
In other tech news, Nvidia fell 1.4% in premarket trading after Wedbush downgraded to neutral on valuation and Hewlett Packard Enterprise $HPE fell 4.2% after Goldman Sachs downgraded the company to sell.
Also on the analyst front, Penn National $PENN rose 1.5% after Deutsche Bank raised its rating to hold from sell.
$LCID 30M still setting up
$PENN Watching Shares Of Penn National Gaming; Hearing Dave Portnoy Says He Bought $1.5M In Stock On Nov. 5
$TSLA 'US: Tesla Says Goodbye To Sub-$60,000 Model Y' -InsideEVs Report
$SPY 'Biden chooses Robert Califf, former Obama FDA chief, as agency commissioner' -The Washington Post Report
$ABNB at the PEG AVWAP 30M
$TSLA Tesla To Offer Free Trial Of Enhanced Autopilot In China
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Before entering a trade, I will always determine the risk to reward ratio. I never enter a trade unless I can make $3-$4 for every dollar I risk. 3:1 or 4:1.
By defining your risk upfront, you remove the potential for massive losses.
Here are the three charts I will be going over on Twitter Spaces tonight. @WOLF_Financial
$OKTA $TTD $BIGC
$OKTA Daily Chart
• Breakout of our symmetrical wedge
• RSI Breakout
• Daily & Weekly TTM Squeeze
• Swing high AVWAP also at 70.60
• No notable flow or dark pool
• 720K in call sweeps into the 1/21 270C
• Earnings Dec 1st
• No news to note
$TTD Daily Chart
• 2-day breakout over our inv H&S
• Measured move to $165
• Call flow into the 100Cs for 11/12 & 11/19
• Several analyst firms maintained bullish ratings on
the stock and raised their price targets $90-$120
Leveling up your coffee game isn't that hard. Coffee has two ingredients, coffee and water.
Here are 5 ways to step up your coffee game.
1. Start with fresh beans
Never buy beans from a supermarket that have been sitting on a shelf. Always check the roast date. The closer to the roast date the better. Try & get beans from a local roaster, a lot of coffee shops roast their own.