?Apple CANCELS Electric Cars
S&P 500 5,078.18 +8.65 (+0.17%)
Dow Jones 38,972.41 -96.82 (-0.25%)
NASDAQ 16,035.30 +59.05 (+0.37%)
Market close: February 27, 2024
Breaking News
Apple has abandoned decade-long efforts to build a self-driving electric car. CNN reports.
The Warm Up
Odysseus mission is to be cut short after the moon lander's sideways touchdown. Sky News reports.
Altice USA shares spiked 36% on a report that Charter is considering an acquisition. CNBC reports.
Meta CEO Zuckerberg meets Japan’s PM Kishida in Tokyo to discuss AI. Reuters reports.
Reddit users can participate in the company’s IPO as the company plans on giving certain users the chance to become shareholders. CNN reports.
Airlines are raising baggage fees and charging you more at the airport. CNBC reports.
The U.S Supreme Court is set to make a pivotal decision about what Americans can see on social media. CNN reports.
A Question About Risk
Bob Iaccino is chief market strategist and co-founder of Path Trading Partners. He joins us live every Friday from 11am EST, as our risk management educator.
Underestimating the psychological stress:
The ups and downs of trading are like something you’ve never experienced before when it’s real money - demo trading has nothing on real money. This takes us back to thinking in percentages instead of dollars. That is one of the only ways you can lessen the stress of losing money.
Before you start trading real money: what dollar amount is not going to bother you on the loss side? Then, work backwards with the math to determine the percentage of your trading capital because the psychological stress of an outsized loss feels like you’re dying, it feels like you’re losing everything, it’s one of the worst things you can go through.
This is why I try to get people to take risk management seriously. If you’re operating in a risk-controlled environment - it doesn’t get rid of the stress - but it lessens it, making a 5,000-pound weight a 5-pound weight. That sense of relief when you’ve carried your family’s luggage to the baggage area and you give it to the airlines to put it on the plane.
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Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on February 27.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $JANX: Janux Therapeutics
Total gain: (228%)
The company announced positive updated clinical data for both of its clinical programs. Benzinga reports.
2. $VKTX: Viking Therapeutics
领英推荐
Total gain: (123%)
The company announced positive top-line results from the company's Phase 2 clinical trial of VK2735. Benzinga reports.
3. $SZZL: Sizzle Acquisition
Total gain: (117%)
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
HP HPQ Quarter 1, 2024
After Market Close Estimate: 0.81 Actual: N/A
MNST Monster Beverage Quarter 4, 2023 After Market Close Estimate: 0.38 Actual: N/A
NRG NRG Energy Quarter 4, 2023
Before Market Open Estimate: 3.01 Actual: 2.02
Today’s Key Economic Dates
Time (ET) / Report / Period
08:30 am Gross Domestic Product
Quarter 4
08:30 am Advanced Retail Inventories
12:00 pm Atlanta Federal Reserve President, Raphael Bostic, speaks
February
Extra-Time
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Parting Thoughts
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”
― Yvan Byeajee
Sourced in: How To Get Success In Stock Market By Amol Gandhi · 2020
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