Market News

Trump’s Time Has ‘Come And Gone’ Says Home Depot Co-Founder As GOP Megadonor Endorses Nikki Haley: ‘American People Need This Kind Of Leadership’

Home Depot co-founder Ken Langone, who was once a supporter of former president Donald Trump, thinks that his time has “come and gone.” The GOP megadonor threw his weight behind former South Carolina governor Nikki Haley. What Happened: Langone thinks Haley’s approach to the 2024 presidential election is “smart” and her “elegant” leadership is what the U.S. needs right now, in an interview with Fox News. “I think she’s just what we need right now. … Read more…

Cathie Wood Rides Bitcoin Rally And Dumps More Of GBTC, Taking Week’s Selling To $13M

Cathie Wood-owned Ark Invest on Friday sold more of Grayscale Bitcoin Trust (OTC:GBTC) shares on Friday, a daily trade disclosure form the firm showed. What Happened: Ark, through its ARK Next Generation Internet ETF (NASDAQ:ARKW), sold 102,672 shares off GBTC on Friday and the sale would have fetched the company $3.65 million. The fund ended the session up 4.73% at $35.51. Ark has remained a seller of GBTC shares since late October, as Bitcoin (CRYPTO: … Read more…

McDonald’s Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bullish approach towards McDonald’s (NYSE:MCD), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MCD usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga’s options scanner highlighted 8 extraordinary options activities for McDonald’s. This level of activity … Read more…

Economic Crossroads: Stock Market Reacts To U.S. Jobs Report, Fueling Speculation On Future Rate Cuts

The SPDR S&P 500 (NYSE:SPY) popped up about 0.5% higher at one point Friday, despite U.S. Bureau of Labor Statistics data showing non-farm payrolls came in higher-than-expected, which brought into question whether the Federal Reserve will follow through with a rate cut campaign next year. While the news caused the SPY to open slightly lower, bulls came in and bought the dip, causing the market ETF to break above Thursday’s high-of-day. Whether or not the market will … Read more…

Elon Musk’s SpaceX Hits 2023 Launch Target Ahead Of Schedule After Falcon 9 Blasts Off With Starlink Satellites

Elon Musk‘s rocket manufacturing company, SpaceX, has successfully completed its 90th flight for 2023, surpassing the CEO’s launch target for the year ahead of schedule. As part of this milestone mission, a Falcon 9 rocket launched 23 Starlink satellites to low-Earth orbit from Florida at 12:07 a.m. ET on Thursday. Elon Musk shared several pictures from the launch on X, stating, “90th flight of 2023.” 90th flight of 2023 https://t.co/vaVe1QW8n3 — Elon Musk (@elonmusk) December … Read more…

McDonald’s Joins Forces With Google To Cook Up AI-Powered Food Service

In a bid to elevate its food service, McDonald’s (NYSE:MCD) is partnering with Google (NASDAQ:GOOGL) to launch generative AI in thousands of its outlets starting in 2024. As reported by The Verge, McDonald’s has announced a collaboration with Google to introduce generative AI into its operations. This technological upgrade, which includes both hardware and software enhancements, is anticipated to optimize operations and enhance food quality across thousands of McDonald’s stores. The AI technology, while not explicitly detailed, is likely to incorporate both … Read more…

Bitcoin’s Bull Run Cripples Short Stock Sellers, Drains $2.6B From Their Pockets

In a stunning twist of fate, Bitcoin’s bull run has led to a $2.6 billion blow for crypto short sellers in less than three months, as reported by financial data firm S3 Partners. What Happened: Decrypt reported that Bitcoin’s value has escalated by 75% since September 11, rocketing from a three-month low of $25,152 to a high of $43,924. This unexpected surge has caught short sellers by surprise as crypto stocks have trailed a similar … Read more…

Microsoft Unusual Options Activity

Financial giants have made a conspicuous bearish move on Microsoft. Our analysis of options history for Microsoft (NASDAQ:MSFT) revealed 21 unusual trades. Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $985,468, and 14 were calls, valued at $2,359,114. Predicted Price Range Based on the trading activity, it appears that the significant investors are … Read more…

Stocks & Bonds, Oil & Water – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) September finished off with the S&P 500 losing 4.9%, dragging the index down for the year, from 20% up to finish the third quarter up 12%. Treasuries have continued their torrid pace, edging upward, pushing the 10-year note up to 4.8%, giving equities ‘a hard road to hold.’ As Treasuries remain strong, attracting serious capital from investors and traders, the stock market interest wanes, unable to sustain upward moves. … Read more…

The Dizzy Bull – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) After three weeks of mixed to negative markets, Monday began and ended on a somewhat positive note, led by the ever aggressive tech-minded Nasdaq Composite, up 206 points. The 10-year Treasury stayed strong, reaching 4.34%, up from Friday’s close of 4.25%. As investors and traders look for higher yields, shunning stocks, markets struggle to stay above water. The University of Michigan Consumer Sentiment Survey, also Friday, is expected to … Read more…