Superstock Investor
Morning Briefing

Monday, November 15, 2021

Morning Matters:

The Week Ahead

The S&P 500, NASDAQ 100, Russell 2000 and Dow Jones Industrial Average were all lower for the first time in five weeks.

1.Geopolitical and Fiscal Events. The games continue in Washington D.C. as the House, Senate and President try to hammer out the Budget Reconciliation Bill. Soon the debt ceiling will be front and center with a new drop dead date.

2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as Empire State Manufacturing Index, retail sales, industrial production, NAHB Housing Market Index, housing starts, Philadelphia Fed Index and leading indicators.

3.Earnings Releases. Notable releases this upcoming week include LCID TSN WMT HD NVDA CSCO BABA INTU FL KSS.

Monday, November 15th

November Empire State Manufacturing is due out at 8:30 a.m. EDT and is expected to rise to 20.3 from 19.8. Tuesday, November 16th

October Retail Sales are due out at 8:30 a.m. EDT and is expected to rise to 1.2% from 0.7%.

October Industrial Production is due out at 9:15 a.m. EDT and is expected to rise to 0.8% from -1.3%.

November NAHB Housing Market Index is due out at 10:00 a.m. EDT and is expected to remain at 80. Wednesday, November 17th

October Housing Starts are due out at 8:30 a.m. EDT and are expected to rise to 1,590,000 from 1,555,000. Thursday, November 18th

November Philadelphia Fed Index is due out at 8:30 a.m. EDT and is expected to fall to 22 from 23.8.

October Leading Indicators are due out at 10:00 a.m. EDT and are expected to rise to 0.8% from 0.2% Friday, November 19th

No events of note.

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Market Matters:

Stocks Futures On The S&P 500 +11

Overnight SummaryThe S&P 500 is trading overnight in a 23 point range with it up 20 points from the low and up 10 points heading to the open. China put up better economic data with beats on industrial production and retail sales. Japan saw GDP fall -3% in Q3. Europe has a slightly positive bias.

Breaking News: American Tower (AMT) agrees to acquire CoreSite (COR)

Earnings Out After The Close:

Capital Raises:

Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other sources.

News After The Close:

What’s Happening This MorningFutures value reflects the change with fair value.

S&P 500 +7.48 Dow Jones Industrial Average +97.77 NASDAQ +26.53 Russell 2000 +4.76. Asia and Europe mixed. VIX is at 20.60 from 18.85 in futures from yesterday. Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower as well. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $130.77 from $130.48 with yields at 1.558% from1.568% Friday morning. Bitcoin at $65,778 from $63,989 Friday morning up 2.51% in early morning trading. As of 8:15 a.m. EST.

Friday’s Action – 11/12 Close:  

Stocks were monstly up led by NDX 100 at 1%.  UNG continues its up/down yo-you action pulling back -6%. Updated 11/12 Close.

    

Upcoming Earnings Of Note: (sorted by market cap, highest to lowest with most visible names)

Earnings of Note This Morning:

Erlanger Research Advance/Decline Chart: Updated through 11/12 close.

Gap Ups & Down In Early Pre-Market:

Insider Action CLR, CAKE, LIVN sees Insider buying with dumb short selling and GHL has smart short sellers with insider buys. 11/12 close

Rags & Mags: Highlighted Stories may be clicked through to the original story.  Repeated stories from prior days never listed, i.e. “rehashed news”.

Moving Average Update:

Geopolitical: 

Economic: 

Federal Reserve Speakers:

M&A Activity: 

Meeting & Conferences of Note:

Upgrades & Downgrades:

Today’s Recommendations:

Friday’s Recommendations:

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Today's Superstock Investor Stock Scorecard:

Merck & Co., Inc. (MRK)
by Superstock Investor


 

Merck (MRK) hits our radar this morning. The stock is at $84 down from $90 when Pfizer announced their oral antiviral.

Company Information

Company: Merck & Co., Inc.
Sector: Pharmaceuticals
Industry: Pharmaceuticals
Market Cap:  $205,390,000,000

Targets

  Price %Gain  
Current Price $86.55    
Price Target $69.98 -0.1%  
Upper Bound $87.47 0.1%  
Lower Bound $52.48 -0.3%  

Stock data last updated 10/28/2021.

Data provided by QPI, Inc. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. QPI, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing this page, you agree not to redistribute the information found herein.

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