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Dow futures: stocks threaten bear market lows; AMD, Tesla plunge

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Dow futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures.




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A new attempt to rally in the stock market began last week, with significant early gains for the Dow Jones and other major indices. But as hopes about the Fed’s pivot once again faded, Treasury yields rebounded and equities pulled back from resistance. Together with warnings of Advanced Micro Devices (AMD) And the CVS Health (CVS) whose stocks bombed late in the week, major indexes wiped out most of their gains.

While the market rally attempt is far from over, the Dow Jones, S&P 500 and Nasdaq indices are nearing their bear market bottoms. Investors should be very cautious in the current environment.

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vertex stock, Neurobiological Sciences (NBIX) And the Eli Lilly (LLY) are traded around points of purchase. Stock NBIX and Vertex Pharmaceuticals (VRTX) is on IBD Leaderboard.

Tesla (TSLA), Energy Enphase (ENPH) And the on semiconductors (on me), three stocks that were close to buying points, suffered big selloffs. TSLA shares sold off Monday with disappointing deliveries, then continued to slide. Enphase stock flashed briefly with a strong buy signal on Tuesday, and then abruptly declined on Wednesday. ON stock closed above the trendline entrance on Thursday, then fell on Friday as AMD launched a sell-off on chips.

Megacaps do not help. Microsoft Stock, Google Parent the alphabet (The Google) And the Amazon.com (AMZN), all of which are just below the 21-day lines on Thursday, fell sharply on Friday, returning towards a bear market or short-term lows. apple (AAPL), which never reached its 21-day low, slipped towards its short-term lows.

Microsoft (MSFT) and Google Inventory is running Long-term leaders of IBD. ON stock is in defect 50. anemy, Vertex Pharmaceuticals (VRTX) and ENPH stock on file IBD Big Cap 20. It was Vertex on Friday IBD stock today.

Dow jones futures contracts today

Dow Jones futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.

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Remember to work overnight in Dow Jones futures contracts and elsewhere that does not necessarily translate into actual circulation in the next regular session Stock market session.


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stock market rise

The stock market’s bull run got off to a strong start, but it was rocking by the end of the week, returning near bear market lows.

The Dow Jones Industrial Average rose 2% last week stock market trading. The S&P 500 rose 1.5%. The Nasdaq Composite Index is up 0.7% after falling 3.8% on Friday. Small cap Russell 2000 rose 2.2%.

Apple shares rose 1.4% during the week, but fell 3.7% on Friday. Microsoft posted a weekly gain of 0.6% as AMD’s warning on PC demand sent Mr. Softy slipping 5.1% on Friday. Google and Amazon shares rose 3.2% and 1.4% respectively, trimming their strong weekly gains on Friday as well.

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The 10-year Treasury yield rose 8 basis points to 3.88%, up for the 10th consecutive week. That’s after dropping as low as 3.56% on Tuesday, to test the 21-day streak. The 10-year Treasury yield is approaching a 12-year high near 4% set in late September.

The US dollar, which fell sharply at one point, rallied for modest weekly gains.

US crude oil futures rose 16.5% to $92.64 a barrel, up all five days. A cut in the OPEC+ production quota of 2 million barrels per day boosted the gains. Meanwhile, US shale operators remain cautious about stepping up drilling.


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ETFs

between the Best ETFsThe Innovator IBD 50 ETF (fifty) rose 1.7% last week, while the Innovator IBD Breakout Opportunities ETF (fit) gained 1.2%. iShares Expanded Technology and Software Fund (ETF)IGV) is up 2.6%, with MSFT stock holding a massive lead. VanEck Vectors Semiconductor Corporation (SMH) rose 1.9%, but sold hard on Friday after AMD’s warning and an extended US ban on exports of chip technology to China. AMD is a big SMH stock with a prominent On Semiconductor component.

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Shares reflect more speculative stories, the ARK Innovation ETF (see you) down 0.6% last week and the ARK Genomics ETF (ARKG) is down 0.15% after both selling more than 6% on Friday. Tesla stock remains a major ownership across Ark Invest’s ETFs.

SPDR S&P Metals & Mining ETFs (XME) jumped 7.3% last week. Global Infrastructure Development Fund X US (cradle) popped 3.4%. US Global Gates Foundation (ETF)Planes) rose 3.7%. SPDR S&P Homebuilders ETF (XHB) by 4.5%. SPDR Specific Energy Fund (SPDR ETF)XLE(Up 13.6% and the Financial Select SPDR ETF)XLF) by 1.9%. SPDR Healthcare Sector Selection Fund (XLV) rose 1.25% with LLY stock owning a significant stake.


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Tesla Stock

Shares fell 16% last week to 223.07 after Tesla’s third-quarter sales were below views amid concerns about demand in China. Elon Musk has indicated that he will go ahead with Twitter (TWTR) the acquisition, reviving fears that he would sell more TSLA shares to fund the deal. Musk promoting the start of Tesla Semi production failed to provide an elevator on Friday. Stocks are still above their late-May lows of 206.84, but not much.

Market Rise Analysis

The stock market movement last week was almost clerical. Major indexes, at bear market lows, rebounded strongly from severe oversold conditions on Monday and Tuesday. But the stock market’s attempt to rally quickly hit resistance at the 21-day moving average – while Treasury yields and the dollar bounced back. The selling intensified on Friday with the strong jobs report, which lifted yields and the dollar.

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So what now? An attempt to rally in the stock market is still in place until the major indexes break their recent lows. But the Dow, S&P 500 and Nasdaq are not far away.

a Follow-up day It could come at any time to confirm the upside of the market. That would be a positive sign. Investors should remain cautious, especially if indices put the FTD below their 21-day lines. Watching ahead of Thursday’s CPI also carries additional risks.

A new bear market leg?

On the flip side, there is a high risk that a bear market will break down again.

The market rebounded earlier in the week on hopes that the Federal Reserve will slow rate hikes, possibly due in part to external pressures. Declining job opportunities and a sluggish rate increase in Australia have only reinforced this situation. But Fed officials continue to insist that they will not back down, while Friday’s jobs report was very hot. In the end, the odds of a 75 basis point straight rate hike in November, already high, have been boosted over the past week. Markets are close to holding at least 50 basis points in December – with a small but increasing chance of 75 basis points.

In addition to Fed and recession fears, earnings season can be a minefield. Warnings from AMD and CVS follow several other high-profile advances, with earnings kicking in next week. Even after a long bear market and clearly challenging business conditions, markets still couldn’t price the bad news, with shares of AMD and CVS down more than 10% on Friday.

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Main sectors

Energy stocks look strong as crude oil prices rise. However, many of them seem to extend after big runs.

In the meantime, a sharp rise in oil prices could be bad news for the broader market. Higher energy costs, especially gas prices, will complicate the Fed’s task of curbing inflation. Gas prices had already rebounded significantly, especially in California, on various refining issues.

Some biotech and drug names still do well, somewhat insulated from economic concerns. But can they make much headway if the broader market heads to new lows?

Meanwhile, some of the tech and medical product names that have been showing buy signals in recent days were big losers on Friday. Some held up reasonably well, while others made big sell-offs, including shares of ENPH and On Semiconductor. Tesla stock, which until a week ago was reasonably close to an entry point, has fallen toward its 2022 lows.

Shares of Apple, Microsoft, and other tech giants aren’t driving the downside, but they certainly aren’t supporting the major indicators.

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Tesla vs. BYD: Which EV giant is the best one to buy?


What are you doing now

Arguments for being a cash or all-in remained strong even at weekly highs, and they are even stronger now. Swinging market attempt to rise. Indicators could soon break below bear market lows.

If you bought some new jobs recently – apart from the energy sector and opted for drugs – you may have to cut them out or actually get out of them. Even if you are only taking demo positions, do not let the losses increase. If you have gains, you may want to lock in some of that given general market conditions.

Keep working on your watchlists and stay connected. An attempt to rally in the market can still come to life, which will likely lead to buy signals for a large number of stocks. So focus on the stocks that are created. But also keep a broader list of strong stocks that appear relative strengthEven if their schemes need repair work.

Read The Big Picture Every day to keep up with the trend of the market, stocks and leading sectors.

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Finance

Nick Bollettieri, tennis coach, 1931-2022

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After young Andre Agassi wins an important match while wearing jeans, make-up and earrings, his coach Nick Bollettieri summons him to appear in front of 200 classmates at his tennis academy. As punishment for “defiling” the Center of Excellence, Agassi was sentenced to flush all of the toilets on site. In the next tournament, his coach threatened him that he would have to play in a skirt.

Few people can claim to have produced more champions than “The Michelangelo of Tennis”. Agassi, Jim Courier, Monica Seles, Maria Sharapova and the Williams sisters all trained under pioneering coach Bollettieri, who has died at the age of 91.

In the late 1970s, Politieri pioneered the creation of the Living Academy for young athletes aspiring to achieve greatness. But his methods were as notorious as they were innovative. He would stand bare-chested on the field, berating his young subjects for every stray shot or mis-slashed fist, as they would repeat the same actions thousands of times.

The vision was to bring the best young players together in one place where they could “play, break rackets, gamble, fight, bat”. Students were forbidden to watch television, listen to the radio, eat junk food, or call home during the week. The misdemeanor penalty in court includes forced running without water. But at the end of each practice session, the kids would step in front of their teacher uttering the catchphrase, “Thank you, Nick.”

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In his academic diaries, Agassi described it as “a glorified concentration camp. Not all that glorified.” However, those aiming for the summit continued to pour in there. And despite Pollettieri’s reputation as abrasive and obsessive—he got up every morning at 4:30 a.m. to stretch and lift weights—many of those he taught speak of him affectionately as a surrogate parent. They also became winners. Of the tens of thousands of players who had trained under him, ten would reach the world number one rank.

“I was living my dream,” Sharapova, who joined the academy at the age of eight, said. he told the Financial Times in 2015. “I saw all these great champions come and train. I would wake up every morning and I couldn’t wait for my alarm to go off at 6.30am and go get my lesson.”

Bollettieri and Andre Agassi in 1988 after winning on the field in New York © Caryn Levy / Sports Illustrated / Getty Images

Nicholas James Bollettieri was born in 1931 in Pelham, New York. His parents were Italian immigrants. He was the quarterback on the football team in high school, before his uncle convinced him to try out the “sneaky sport of tennis”.

After studying philosophy in college in Alabama, Politieri joined the army, became a paratrooper and reached the rank of lieutenant. His time in the army would be central to his coaching ethos later in life. He said, “I started to learn a lot being a parachutist—the discipline, the feeling that you’re the best in the world, that you can do anything.”

After leaving the military in 1957, he enrolled to study law at the University of Miami. To help make ends meet, he began offering tennis lessons at $1.50 an hour, despite having no experience as a coach and no more than that as a player. Less than a year later, he gave up his studies to devote himself to tennis.

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“A lot of coaches know tennis a lot more than I do,” he said. “What I do know is how to work with you as a person.”

In 1961, he discovered Brian Gottfried, who was then nine years old, on the field and took him under his wing. Gottfried would later become Bollettieri’s first hit, reaching No. 3 in the world in 1977.

That same year, after a stint teaching wealthy hotel clients to play tennis, he landed at Colony Beach & Tennis Resort near Sarasota, Florida. A year later, he founded the Nick Bollettieri Tennis Academy.

He went on to borrow $1 million to transform his 40-acre tomato plants in Bradenton, Florida, into a sprawling tennis training camp that opened in 1981. Agassi referred to his time there as “a forehand master of the flies,” but he attended for free. His father only had money to pay for three months’ tuition, but Bollettieri called him to say he was “tearing up the check” after seeing how good he was. The pair suffered an emotional split in 1993, shortly after Agassi won the first of his eight Grand Slam titles.

Bollettieri was known for his money management problems. With financial problems looming, he sold the Academy to IMG in 1987. But he continued to run it.

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Today the site covers approximately 600 acres, and teaches a wide range of sports to the 1,200 full-time residents and thousands more children and adults who attend sports camps there. In 2014, Politieri was inducted into the Tennis Hall of Fame, one of only four coaches to receive the award.

Josh Noble

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Finance

Ads disappear as Google Ad Manager crashes for a while

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Netizens watched an ad-free web for several hours Thursday night.

8:04 p.m. EST, The Google Spread It was “investigating reports of a problem with Google Ad Manager”. While users can enter the program, they “see error messages, high response time, and/or other unexpected behavior.”

Most importantly, ads were not displayed, which means that users did not see ads on the websites of companies using Google Ad Manager. “Ads Manager is not serving ads to affected users,” Google wrote in the incident report.

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A few hours later, at 10:40 PM EST, Google said That the problem has been resolved, writing “Ad display is now restored”.

Google didn’t share any information about the extent of the outage in its post, but users on social media speculated it could be global, with customers in the US, Canada and Japan Report Twitter Ad manager was not working.

Google Ads Manager is a program digital marketplace Where customers can buy and sell ads across multiple networks. The service is mostly used by large publishers who are involved in direct sales to ad buyers. Over 80% of large publishers say they use Google Ad Manager to manage their ad sales.

Other Google advertising services appear to be running. The search giant doesn’t report issues with AdSense or AdMob, its ad services tailored to small websites and mobile developers respectively.

Advertising is a major part of Google’s business. Google earned 54.48 billion dollars From advertising sales in the third quarter of this year’s total revenue of $ 69.09 billion.

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Update, December 9, 2022: This article has been updated with the news that Google has resolved the issue with Google Ad Manager.

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This analyst says AT&T stock is now a buy. Growth potential is the reason.

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AT&T

It had a strong year, and is now on track for “long-term sustainable growth,” according to Argus Research.

Analyst Joseph Bonner promoted shares

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AT&T

(Stock ticker: T) To buy from the hold and set a target price of $24 per share. Bonner writes that the company has strong growth potential because of its competitive position and its performance in the current macroeconomic environment.

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