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Before we get into the charts, it's important to discuss the process of choosing to write about TSLA this week. In other words, oftentimes, the most comprehensive method to locate constructive trade set-ups is reviewing a big list and taking note of the charts that look attractive. That's why I frequently intentionally do NOT look at the chart's stock symbol while going through a long list. I want the chart, and only the chart, to be the factor that influences my decision to potentially buy or sell it. Thus, seeing the above potential breakout attempt come to fruition would have a meaningful impact on its longer-term trend, too.
Persons: TSLA, That's, Frank Cappelleri Organizations: Tesla, CNBC, NBC UNIVERSAL
The Federal Reserve has telegraphed the kickoff of their interest rate cutting campaign to begin next week. I believe a quarter-point interest rate cut is their first step but, a half-point interest rate cut (which has the ability to roil markets) has recently been floated strongly. The Nasdaq-100 dropped 6% last week and is now up nearly 5% this week, these are not normal market conditions. QQQ YTD mountain Invesco QQQ Trust, YTD The Cboe Volatility Index , yet elevated, is not showing current signs of panic. The trade The CME Fedwatch tool is narrowly favoring a 25 basis point interest rate cut but, it is oddly closer to a coin toss than it was last week.
Persons: pont, QQQ Organizations: Federal Reserve, Fed, Nasdaq, CNBC, NBC UNIVERSAL
CNN —Right-wing media outlets are ignoring Donald Trump’s embrace of far-right conspiracy theorist Laura Loomer, shielding their audience from the uproar amid condemnation from top Republicans. In recent days, Donald Trump has mingled with Loomer, the radical conspiracy theorist who has a well-documented history of pushing racist, sexist, Islamophobic and homophobic hate. But right-wing media outlets have largely ignored her close proximity to Trump and the ensuing controversy. That was also the case in other right-wing outlets, including the websites of Breitbart, The Daily Wire, One America News, and The Gateway Pundit. According to the progressive media watchdog Media Matters, Fox News devoted just four minutes to the news over the ensuing three-day period, compared to more than an hour on CNN and MSNBC.
Persons: Donald Trump’s, Laura Loomer, Donald Trump, Loomer, Elon Musk, Trump, Breitbart, It’s, Mike Pence, Trump’s, , Republican Sen, Lindsey Graham, doesn’t, GOP Sen, Thom Tillis, Rep.Marjorie Taylor Greene, MAGA, , disavow Loomer, “ Laura’s, she’s, ” Trump, I’m, Laura Organizations: CNN, Fox News, Daily, America, Fox, Trump, White, Media, MSNBC, Republican, Washington, GOP, Republicans, DNC Locations: Trump, Philadelphia
Kinshasa, Congo AP —A military court in Congo handed down death sentences Friday to 37 people, including three Americans, after convicting them on charges of taking part in a coup attempt. Malanga was fatally shot while resisting arrest soon after live-streaming the attack on his social media, the Congolese army said. Malanga’s 21-year-old son Marcel Malanga, who is a US citizen, and two other Americans were convicted in the the attack. Thompson’s family maintains he had no knowledge of the elder Malanga’s intentions, no plans for political activism and didn’t even plan to enter Congo. The reading out of the verdict and sentencing before the open-air military court were broadcast live on television.
Persons: Christian Malanga, Felix Tshisekedi, Malanga, Marcel Malanga, Brittney Sawyer, Tyler Thompson Jr, Benjamin Reuben Zalman, Polun, Thompson’s, Col, Innocent Radjabu Organizations: Congo AP, Briton, Belgian, Africa Intelligence Locations: Kinshasa, Congo, Congolese, Africa, Utah, Mozambique, South Africa
SPRINGFIELD, Ohio — The Ohio town at the center of a culture war over debunked claims about Haitian migrants was forced to close its City Hall on Thursday after receiving a bomb threat, the city announced on its website and social media channels. The bomb threat "was issued to multiple facilities throughout Springfield,” the city said. The city’s mayor, Rob Rue, indicated Thursday that the threat included complaints about Haitian migrants in the city, according to the Springfield News-Sun. Springfield has recently been thrust into the national political culture war as conservative influencers and Republican politicians have repeated a debunked claim that immigrants from Haiti have been stealing and eating pets. “In Springfield, they’re eating the dogs, the people that came in, they’re eating the cats," he said.
Persons: , Rob Rue, ” Rue, , hasn’t, Ohio Sen, JD Vance, ” Sen, Ted Cruz, Trump, don’t, Kamala Harris, Donald Trump, David Muir, ” Trump, Viles Dorsainvil, ” Denise Williams, “ I’ve, I’ve, ” Williams, Alicia Victoria Lozano, Kevin Collier Organizations: Springfield Police Division, Springfield News, NBC, GOP, Republican, , ABC, Community, NBC News, NAACP Locations: SPRINGFIELD , Ohio, The Ohio, Springfield, Haiti, Ohio, Texas, New York
The campaign said Harris plans to do more interviews with local media in battleground states and speak more with her traveling press corps in the coming days. Her campaign’s media strategy has largely been a continuation of Biden’s, which is to minimize interactions with the media. Some allies said that Harris should use the momentum from the debate to change her cadence of interviews. “I don’t think you can hide for 56 more days from media interviews,” said one Democratic strategist, requesting anonymity to speak candidly. The Harris campaign also held a call that day, but it was off the record.
Persons: Kamala Harris ’, Harris, Donald Trump, Joe Biden’s, Tim Walz, Rickey Smiley —, , , Chuck Rocha, Rocha, Trump, Robert F, Kennedy Jr, “ Harris, She’s, Democratic Sen, Claire McCaskill, McCaskill, there’s, Matt Gaetz, ” Trump, Jason Miller, , Biden, Ohio Republican Sen, J.D, Vance, Walz, aren’t, ” Bonnie Fioramanti, ” Fioramanti, Harris —, Rich Thau, it’s, Kamala Harris, ” Harris, ” Sen, Chris Murphy, Conn, Jason Crow, James Carville, Paul Maslin Organizations: National Association of Black Journalists, Democratic, CNN, Minnesota Gov, Univision, Media, Trump, Fox News, ” MSNBC, , ” Conservatives, New York Times, Board, White House News Photographers Association, NBC News, The New York Times, NBC, Ohio Republican, ABC News, MSNBC, Fox, , Veteran Democratic Locations: Philadelphia, Republic, Ohio, Arizona, Siena, America
Washington CNN —The Harris campaign is launching a new abortion-focused ad Thursday, capitalizing on what officials believe was one of the most pivotal exchanges between Vice President Kamala Harris and former President Donald Trump during Tuesday’s presidential debate. Harris’ team prepared the vice president to confront Trump on nationwide abortion restrictions. The newly released ad includes both candidates’ responses on abortion on the debate stage. Harris, in response, ran through personal stories of women struggling to get health care while navigating abortion restrictions. Harris campaign officials spent Wednesday poring over footage of the debate to identify key moments to put into new campaign TV and digital ads, according to the campaign, seeking to amplify what they perceive to be the strongest debate exchange.
Persons: Harris, Kamala Harris, Donald Trump, Harris ’, Trump, , ” Trump, Roe, Wade . Harris, , Walz, Julie Chavez Rodriguez, Joe Biden, Mark Robinson ., Roy Cooper, CNN’s Jeff Zeleny, Cooper Organizations: Washington CNN, Trump, GOP, Mark Robinson . North Carolina Democratic Gov, Labor Locations: Arizona, Nevada, North Carolina, Philadelphia
The Technology Select Sector Index, which the ETF 'XLK ' tracks, is down about 9% since the all-time high on July 10. This is even though the technology sector earnings have experienced a compound annual growth rate 2.7% greater than the S & P 500. The chart below reflects the earnings growth of the Technology Sector vs. the S & P 500 over the past 20 years in a log scale. Not only has the technology sector grown earnings faster, but earnings growth has also been more stable. While technology stocks are down almost 9% from their all-time highs, those all-time highs also reflected all-time high valuations.
Persons: we've, it's Organizations: Technology, CNBC, NBC UNIVERSAL
“Six-fifty yesterday morning, one of my township supervisors called me and wanted to know what I thought,” Dingell said. “That discussion brought me right back down to Earth.”Burned before by overconfidence, Democrats this cycle are running against two opponents. Huddled at their campaign headquarters in Wilmington, Delaware, the day after the debate, Harris’s campaign aides determined the event would likely do little to change the overall trajectory of the race. Campaign officials spent part of Wednesday looking through debate footage to identify moments that would make effective television ads. Gavin Newsom said on “CBS Mornings” on Tuesday ahead of the debate, rejecting the “underdog” label for Harris: “She’s not.
Persons: Washington CNN — Kamala Harris, Debbie Dingell, ” Dingell, Donald Trump, Harris, Harris’s, Harris —, Hillary Clinton’s, Joe Biden, , Tim Walz, Robert F, Kennedy Jr, Trump, Harris “, haven’t, Doug Emhoff, ” Harris, , Al Gore, Dingell, “ There’s, it’s, Gavin Newsom, Organizations: Washington CNN, Michigan Democratic, CNN, overconfidence, Democratic, NC, Teamsters, National Association of Black Journalists, CBS Locations: Harris’s, Chicago, Wilmington , Delaware, North Carolina, Pennsylvania, Carolina, Washington, Philadelphia, Michigan, California
Last year, Falconi successfully petitioned the Nevada Supreme Court, which ruled that the public has a constitutional right to access Family Court cases. While the court is scheduled to hold evidentiary hearings next week, a decision from the court on media access could come at any time. If a judge does agree to unseal the case, it could have major ripple effects for Nevada family courts. Some have argued that sealing family court cases helps protect the privacy of vulnerable people. Falconi is not working with the media coalition, but said he hopes the national media attention on the Murdoch case will tangentially help his mission.
Persons: Rupert Murdoch, , Murdoch’s, — Lachlan, James, Elisabeth, Prudence, Murdoch, Lachlan, James Murdoch, Kamala Harris, Elisabeth Murdoch, Alex Falconi, Falconi, St James, Victoria Jones, ” Falconi, , “ Doe, Rupert Murdoch “, , “ They’re Organizations: New, New York CNN, HBO, Fox Corporation, News Corporation, CNN, New York Times, Fox, News Corp, Street, New York Post, Silver State, Nevada, American Civil Liberties Union, Spencer, The New York Times, National Public Radio, Nevada Supreme, News Locations: New York, Reno , Nevada, Australia, Nevada, Washoe, “ Nevada, London
North Korea fired multiple short range ballistic missiles into waters east of the Korean peninsula on September 12, Seoul's military reported, days after the nuclear-armed North marked a state anniversary. After North Korea fired several ballistic missiles toward the Sea of Japan, Japanese Prime Minister Fumio Kishida said Thursday that he "strongly condemns" the move, adding that Tokyo has already "lodged a protest" with the Hermit Kingdom. Needless to say, the launch of ballistic missiles by North Korea is a violation of the UN Security Council resolutions," Kishida said. North Korea fired several short-range ballistic missiles off its east coast towards the Sea of Japan Thursday morning local time, according to the South Korean Joint Chiefs of Staff. In a statement, the U.S. Indo-Pacific Command also condemned the launch, calling on North Korea to "refrain from further unlawful and destabilizing acts."
Persons: Fumio Kishida, Kishida, Kim Jong Un Organizations: Korean, North, UN, South Korean Joint Chiefs, Staff, Korean Central News Agency, Pacific Command, ROK, Command Locations: Seoul, North Korea, Japan, Japanese, Tokyo, Hermit, U.S, South Korea, Korea, Pyongyang, East Sea
New York CNN —The Republican nominee for president went on live TV and presented an unhinged, debunked Facebook rumor as fact. Scrolling on Facebook or X, it’s hard not to see some of that chaos creeping into the mainstream. Just a few weeks ago, the former president posted an AI-generated image on his Truth Social platform that suggested Taylor Swift had endorsed him. Of course, it was a fake image — the same kind of obvious AI slop that has overrun Facebook and X. Either Trump didn’t know the image was fake, or he didn’t mind lying to his followers and perpetuating the fake endorsement.
Persons: CNN Business ’, Donald Trump, , , Jake Tapper, It’s, Clare Duffy, Elon Musk, ” Musk, there’s, Alex Brandon, Barack Obama, Taylor Swift, Trump, he’s, Kamala Harris, Swift, JD Vance, who’s, “ Fine Taylor Organizations: CNN Business, New York CNN, Republican, 4chan, Meta, Trump, AP, Facebook Locations: New York, Ohio
CNN —If Manchester United is broken, then Cristiano Ronaldo thinks that he has the keys to fix it. “The coaches, they say they cannot compete to win the league and the Champions League,” he said. “If you’re a Manchester United coach, you cannot say that, that you’re not going to fight to win the league or the Champions League. Erik ten Hag is in his third season managing Manchester United. Now playing for Al-Nassr in Saudi Arabia, Ronaldo said that he still loves United and wants to see the club succeed.
Persons: Cristiano Ronaldo, Rio Ferdinand, Ronaldo, Erik, Hag, , , you’re, ” United, Sir Alex Ferguson, United, Michael Regan, Piers Morgan, TalkTV, Molly Darlington, Ferdinand, Ruud van Nistelrooy, ” Ronaldo Organizations: CNN, Manchester, United, Champions League, Manchester United, , Premier League, League, Manchester City, Liverpool, Fulham, Brighton, Europa League, Tottenham Hotspur, Red Devils, Al, Portugal, Croatia, Scotland Locations: Portuguese, Manchester, Liverpool, , Saudi Arabia, Real Madrid
The movie is based on the Broadway musical of the same name. "Grease" opened on Broadway in 1972 and was revived in 1994 and 2007. Jeff Christensen/AP PhotoBefore "Grease" became a movie-musical sensation in the late 1970s, it was a Tony-nominated Broadway musical that opened in February 1972. The show was later revived in 1994 and 2007. television special, based on the musical, starring Aaron Tveit, Julianne Hough, Vanessa Hudgens, Carly Rae Jepsen, and Keke Palmer.
Persons: Jeff Christensen, Tony, Aaron Tveit, Julianne Hough, Vanessa Hudgens, Carly Rae Jepsen, Keke Palmer Organizations: Fox
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Read previewWhen Vice President Kamala Harris announced that she was running for president on July 21, she changed more than the dynamics of the race — she upended the entire timeline of presidential elections. AdvertisementMichael Sistak, who served as Sen. Mitt Romney's political director in Michigan in 2012, described a presidential campaign as a "long slog through the mud." AdvertisementIn the 1960s, primaries became a fixture of presidential elections and added months to the campaign. The primary system emerged as a decisive force after World War II and solidified its place in the American presidential election process in 1968. "It's a slog from January all the way to the convention," she said about presidential election years.
Persons: , Kamala Harris, Harris, Donald Trump, Rachael Cobb, Cobb, Joseph Campbell, Tim Hogan, Hillary Clinton, Amy Klobuchar, they're, Michael Sistak, Sen, Mitt Romney's, Hogan, Sistak didn't, — Campbell, Eugene McCarthy, Hubert Humphrey, Humphrey, Charles Stewart, Stewart, Sistak, Clinton, Daron Shaw, Shaw, isn't, we've Organizations: Service, Business, White House, Suffolk University, American University, White, Romney's, MIT, Politics, UT Austin, Democratic, Republican Locations: Michigan
Year to date, the S & P 500 machinery group is up only 8% versus the S & P 500 industrial sector, which is up 12%. The S & P 500 itself which is up 16%. We remain underweight industrials generally, and machinery stocks specifically. Here's S & P 500 machinery industry comprising 17 stocks with a total market capitalization of $764 billion: The 2-panel chart below depicts the S & P 500 machinery industry marking new highs the past 18 months, yet a series of lower relative highs to the market. Top Panel: S & P 500 Machinery Industry Group Bottom panel: Machinery's Relative Performance to the S & P 500 Index Caterpillar chart below... we're sellers here.
Persons: Here's, Carter Braxton Worth Organizations: Caterpillar, Machinery Industry, CNBC, NBC UNIVERSAL Locations: U.S
As of Thursday morning, every major scientific poll about the debate — every poll that used random sampling techniques to try to obtain a representative picture of US public opinion — had found that Harris won. YouGov poll (2,166 registered voters who said they watched): 54% said Harris won the debate, 31% said Trump won, 14% weren’t sure. Leger poll for the New York Post (1,002 US adults who said they watched): 50% said Harris won the debate, 29% said Trump won, 21% said nobody won or that they didn’t know. So while scientific polls are certainly imperfect, it’s clear that Trump’s claim that he won the debate “according to every poll” is wrong. But its poll, too, was a junk poll; C-SPAN simply posted an open question on the social media platform X, formerly known as Twitter.
Persons: Donald Trump, Hillary Clinton, Joe Biden, Kamala Harris, ” Trump, , Harris, Trump, Leger, Republican pollster, Organizations: Washington CNN, CNN, New York Post, Democratic, Republican, Trump, Fox News, Fox, SPAN, Twitter Locations: Newsmax
The abuse they endured shows an alarming pattern of manipulation and exploitation,” Philippine police chief General Francisco Marbil said in a statement. The statement did not say how many people had come forward. The pastor has denied wrongdoing and his lawyers, Ferdinand Topacio and Israelito Torreon, did not immediately respond to requests for comment. Quiboloy is a longtime friend of Rodrigo Duterte, who was Philippines’ president until two years ago and frequently appeared on the pastor’s television shows. Marbil urged victims who were suffering in silence to come forward and assured them protection.
Persons: Apollo Quiboloy, , ” Quiboloy, Quiboloy, Aaron Favila, Francisco Marbil, Marbil, Ferdinand Topacio, of Jesus Christ, Rodrigo Duterte, Duterte, Organizations: MANILA — Police, Israelito, Federal Bureau of Investigation, Quiboloy Locations: MANILA, Philippines, United States, Israelito Torreon, of, Davao City, Quiboloy
The vice president had prepared extensively for their debate, and peppered nearly every answer with a comment designed to enrage the former president. Here are some takeaways from the debate:A turning point when Harris jabs Trump over the size of his rally crowds: Harris came onstage with a clear plan: Throw Trump off his game. When the vice president mentioned Trump’s criminal conviction and outstanding legal issues, he bit. Trump indulges in conspiracy theories: Despite signals from even his running mate, Trump did not refrain from repeating the conspiracy theory du jour during the debate. He said at one point that “in Springfield, they’re eating the dogs.
Persons: Kamala Harris, Donald Trump, Trump, Harris, Trump’s, Biden, , David Muir, “ We’ll, Muir, Joe Biden, Roe, Wade, Read Organizations: ABC Locations: Haiti, Springfield , Ohio, Springfield, United States, Harris
New York CNN —The first presidential debate between Vice President Kamala Harris and former President Donald Trump drew an estimated 67.1 million viewers across 17 television networks, according to Nielsen data. In 2016, a record 84 million tuned in to the first debate between Hillary Clinton and Trump. While fewer Americans watched the debate on television than in previous election years, millions more watched on digital platforms. ABC said the telecast the most-watched debate on any network in at least 16 years and that more than 7 million watched on the various Disney-owned streaming platforms. Hours before the debate, ABC offered to provide DirecTV a free feed of the telecast for a three-hour period.
Persons: Kamala Harris, Donald Trump, Joe Biden, Harris, David Muir, Linsey Davis, Trump, Hillary Clinton, Nielsen, Muir, Davis, Organizations: New, New York CNN, Nielsen, ABC News, CNN, Trump, Democratic, Biden, ABC, NBC, Fox News, Disney, FCC, DirecTV, ESPN, FX Locations: New York, Philadelphia
Investors returned to Nvidia stock Wednesday after CEO Jensen Huang made a compelling case at a major tech gathering for the innovation he strives for and the competitive moat he's built. There have been a lot of doubters on Wall Street since Nvidia reported quarterly results on Aug. 28 . NVDA YTD mountain Nvidia YTD On stage with Goldman Sachs CEO David Solomon, Huang was asked how he views the competition. The way that computers are built today, if you look at our new Blackwell system, we design seven different types of chips to create the system. While ducking a question about Nvidia stock, Solomon did tell CNBC that Nvidia is a "super company" that's well-positioned to keep succeeding.
Persons: Jensen Huang, Goldman Sachs, That's, David Solomon, Huang, Blackwell, Nvidia's, it's, ramping Blackwell, that's, It's, Solomon, Communacopia, Jim Cramer's, Jim Cramer, Jim, Sam Yeh Organizations: Nvidia, Technology Conference, CNBC, Goldman, Blackwell, AFP, Getty Locations: San Francisco, Communacopia, Taipei
During the June debate, the moderators did not correct false claims made by Trump and President Joe Biden. Ahead of Tuesday night’s debate in Philadelphia, ABC News did not commit to live fact-checking, but as the event got underway both anchors stepped in to debunk false claims made by Trump on at least three occasions. He told us there have been no credible reports of specific claims of pets being harmed, injured or abused by individuals within the immigrant community.”“Well, I’ve seen people on television,” Trump argued. “Weird how the hack moderators at @abcnews are only ‘Fact checking’ Trump and allowing Kamala to lie nonstop. The Fake News is the enemy of the people!” Trump’s son, Donald Trump Jr. wrote on X.
Persons: David Muir, Linsey Davis, Donald Trump, Jake Tapper, Dana Bash, Joe Biden, , Harris ’, Tim Walz, ” Trump, , Trump, ” Muir, I’ve, ” “ I’m, there’s, Muir, Biden, Harris, CNN’s Daniel Dale, ” Dale, Candy Crowley, Mitt Romney, Barack Obama, Chris Wallace, NBC’s Kristen Welker, David Chalian, Kamala, Donald Trump Jr, ” Megyn Kelly, podcaster Organizations: New, New York CNN, ABC, CNN, Trump, ABC News, Republican, Fox News, Washington, NBC Locations: New York, Philadelphia, Ohio, Springfield, Springfield , Ohio, Harris
The company's innovation pipeline provide long-term growth potential, with the earnings event likely serving as a catalyst for further upside. With expected EPS growth of 14% and revenue growth of 11%, Adobe maintain its leadership in the software industry. To capitalize on the potential for an earnings-driven rally, we suggest using a "broken wing butterfly," which offers a high reward-to-risk ratio. Specifically, I suggest the ADBE Sep 20, 2024 $585/630/650 Call butterfly at $10.96 Debit. This strategy entails: • Buying the Sep 20 $585 Calls @ $18.80 • Selling the Sep 20 $630 Calls (2 contracts) @ $5.53 • Buying the Sep 20 $650 Calls @ $3.22 This butterfly strategy offers a maximum reward of $3,404 per contract while limiting risk to only $1,096 per contract.
Organizations: Adobe, CNBC, NBC UNIVERSAL
CNN —Former Peruvian President Alberto Fujimori has died at the age of 86 after a long battle with cancer, his daughter Keiko Fujimori said Wednesday night. “After a long battle with cancer, our father, Alberto Fujimori, has just departed to meet the Lord. We ask those who loved him to accompany us with a prayer for the eternal rest of his soul,” Keiko Fujimori wrote on X.Fujimori, who ruled Peru from 1990 to 2000, had been fighting for his health, his primary care physician Alejandro Aguinaga said earlier on Wednesday in brief statements to reporters outside the home of Keiko Fujimori. After the pair divorced, Fujimori installed the couple’s eldest daughter Keiko as Peru’s first lady ahead of his second term. Peru's former President Alberto Fujimori speaks during an interview with the Asahi Shimbun newspaper on June 7, 1994, in Tokyo, Japan.
Persons: Alberto Fujimori, Keiko Fujimori, ” Keiko Fujimori, X, Fujimori, Alejandro Aguinaga, , Mario Vargas Llosa, Abimael Guzman, Peru's, Ernesto Benavides, Fujimori’s, Susana Higuchi, Keiko, Peru’s, Montesinos, , Pedro Pablo Kuczynski, Fujimori “, ” Fujimori Organizations: CNN, Former, Getty, Asahi Shimbun, Twitter, Andina Locations: Former Peruvian, Peru, Peruvian, Lima, France, Latin America, AFP, Japan, Chile, Tokyo, Pativilca
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