?? Intel's $100 Billion Spending Spree
S&P 500 5,178.51 + 29.09 (+0.56%)
Dow Jones 39,110.76 +320.33 (+0.83%)
NASDAQ 16,166.79 +63.34 (+0.39%)
Market close: March 19, 2024
Breaking News
Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grants and loans. Reuters reports
The Warm Up
Meta makes a big offer to almost halve Facebook and Instagram monthly fees to 5.99 euros. Reuters reports.
Bentley delays its all-EV plan amid changing market conditions and development challenges. CNBC reports.
Uber leads a $100M investment in African mobility fintech Moove as its valuation hits $750M. TechCrunch reports.
Elon Musk details his prescription ketamine use saying that investors should want him to ‘keep taking it’. CNN reports.
Homebuilder sentiment turned positive for the first time since July. CNBC reports.
The U.S and Japan seek a UN resolution calling on all nations to ban nuclear weapons in outer space. ABC reports.
A Question About Risk:
Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Friday from 11am ET, as our risk management educator.
What are the advantages of a percentage-based approach to trading? Let’s say you make $250,000 a year and you decide to start trading to see if you can augment your income or retirement. You decide to put $1,000 into your trading account and when it’s gone, you’ll rethink the full process. On your first trade you lose $500, but make $250,000 a year, so you could think it’s no big deal. Based on your initial trading mission statement, you’re down 50%, which is an absolutely awful performance. But what happens to this fictional person: they think ‘it’s only $500, I make a lot of money’. If you look at it on a percentage basis you would think: ‘I’m down 50%, I’m terrible at this. I need to reassess either my process or if I should be doing this at all’. So, the main benefit of percentage-based trading is that it allows you to develop positive habits that enable you to succeed long term.
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Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on March 19.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $FUSN: Fusion Pharmaceuticals
Total gain: (99%)
The company announced that it has entered into a definitive agreement to be acquired by AstraZeneca. Benzinga reports.
2. $WORX: SCWorx
Total gain: (52%)
领英推荐
The stock appeared to be moving on no notable news.
3. $ELVN: Enliven Therapeutics
Total gain: (38%)
The company announced a $90 million private placement financing. Benzinga reports.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
MU
Micron Technology 2Q 2024 After Market Close Estimate: -0.26 Actual: N/A
SIG
Signet Jewelers 4Q 2024 Before Market Open Estimate: 6.35 Actual: 6.73
BNTX
BioNTech 4Q, 2023 Before Market Open Estimate: 2.64 Actual: 2.045
Today’s Key Economic Dates
Time (ET) / Report / Period
2:00 pm
Federal Open Market Committee Interest-Rate Decision
2:30 pm
Federal Reserve Chair Jerome Powell’s Press Conference
Extra-Time
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Parting Thoughts
“When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end.” ― Mark Douglas
Sourced in: Master the Market with Confidence, Discipline, and a Winning Attitude By Mark Douglas · 2001
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