‘Odd time’ for markets however earnings matter once more

CNBCs Jim Cramer on Friday outlined his game plan for next week after Wall Street completed its first five trading sessions in 2022.

the “Bad money” The host said it was “a bit of an odd time” for the markets right now, “almost like many stocks have to take their medication and then get back on track.”

“This week we’ve seen the unprofitable technicians take a blow that then spread to the more mature, profitable ones,” said Cramer. However, he added, “It’s much easier to buy the stock of an established company that actually makes money.

Here’s what Cramer is keeping an eye on next week. All sales and profit estimates are from FactSet.

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Jim Cramer’s schedule for January 10th trading week.

Crazy money with Jim Cramer

Monday: JPMorgan Health Care Conference and Tilray Results

JPMorgan Health Conference

Now in its 40th year, the JPMorgan Health Care Conference is an extremely influential event, Cramer said, explaining that the company presentations made there are known to move stocks. The virtual conference starts Monday and lasts until Thursday.

Tilray

  • Q2 2022 result before the bell; Conference call at 8:30 a.m. ET Monday
  • Projected loss: loss of 7 cents per share
  • Expected sales: $ 200 million

Tuesday: Albertsons Profits and Dell Technologies Investor Meetings

Albertsons

  • Results for the third quarter of 2021 before the opening; Conference call at 8:30 a.m. Tuesday
  • Projected earnings per share: 61 cents
  • Projected sales: $ 16.34 billion

While Albertsons stocks have rebounded from their recent highs, Cramer believes the grocery chain stock has more headroom. He suggested that investors interested in owning the stock buy it on the Monday before the Tuesday quarterly release.

Dell Technologies

  • Virtual Fireside Chat on Tuesday at 3:30 p.m. ET

Chairman and CEO Michael Dell will speak at Bank of America’s View from the Top CEO Series, and Cramer said he would be interested in hearing the executive’s outlook following Dell’s spin-off from. has completed VMWare. Cramer said he personally believes the future is bright and advises investors to buy stocks before and after Tuesday’s scheduled presentation.

Wednesday: KB Home win

KB home page

  • Results for the fourth quarter of 2021 after close of trading; Conference call at 5 p.m. ET Wednesday
  • Projected earnings per share: $ 1.77
  • Expected sales: $ 1.71 billion

Investors are carefully watching the impact of higher interest rates on mortgage rates and thus on home demand, Cramer said. He said he believed KB Home shares could rise if announced on Wednesday as he expects strong results.

Thursday: Delta Air Lines wins

Delta Airlines

  • Fourth Quarter 2021 Earnings Before the Bell; Conference call at 10 a.m. ET Thursday
  • Projected earnings per share: 13 cents
  • Expected sales: $ 8.86 billion

Cramer said investors will focus less on how Delta’s business has gone and more on how the company expects it to be in the wake of the Covid pandemic.

“Do you think business travelers will come back? Can they man their planes? Are prices getting higher?” Cramer asked rhetorically. “While I like Disney for my charitable trust and think so American Express can continue, I’m skeptical of how far Deltas stocks can go in this environment. “

Friday: Income from Wells Fargo, JPMorgan, BlackRock and Citigroup

Wells Fargo

  • Fourth Quarter 2021 Earnings Before the Bell; Conference call at 10 a.m. ET Friday
  • Projected earnings per share: $ 1.10
  • Expected sales: $ 18.67 billion

Cramer, whose charity foundation has a sizable position in Wells Fargo, said he believes the bank will be strong in 2022. However, he admitted that the stock has got off to a hot start and is up about 14% year-to-date. He said it was not clear the pace could continue, but future pullbacks could offer buying opportunities.

JPMorgan

  • Fourth Quarter 2021 Earnings Before Opening; Conference call at 8:30 a.m. ET Friday
  • Projected earnings per share: $ 3.00
  • Expected sales: $ 29.85 billion

CEO Jamie Dimon “tends to be very optimistic but also mixes a few Molotovs along with his otherwise easily-discounted economic cocktails,” said Cramer.

BlackRock

  • Fourth Quarter 2021 Earnings Before the Bell; Conference call at 8:30 a.m. ET Friday
  • Projected earnings per share: $ 10.10
  • Expected sales: $ 5.12 billion

Cramer anticipates a strong quarter and looks forward to receiving insights into the company, the market and the economy from BlackRock CEO Larry Fink.

City group

  • Fourth Quarter 2021 Earnings Before Opening; Conference call at 11 a.m. ET Friday
  • Projected earnings per share: $ 1.55
  • Expected sales: $ 16.92 billion

Cramer said he is waiting to see if CEO Jane Fraser can make a comment bullish enough to move Citigroup stock up and allow it to catch up with some of its competitors. He also said he was looking for more information about Citi. December paused its share buyback program.

Join Now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclosure: Cramer’s charitable trust owns shares in Wells Fargo and Disney.

Bull market’s largest hopes for 2022 relaxation with millennial millionaires

If the millennial and Gen Z investing generations’ biggest, boldest bull market calls are best represented by the star turn of ARK Funds’ Cathie Wood, her funds’ struggles in 2021 are a microcosm of where risk-on investing runs into the reality of a market that, at least in the short-term, can’t always go gangbusters — or even up.

Americans born into the millennial and Gen Z generations came of age as investors — and some millennials, now in their fourth decade of life, also into considerable wealth — during a period of extremely muted inflation and a decade-plus bull market. If they have never known a Cathie Wood stock call that can go south, inflation as the No. 1 topic of concern for the economy is a new experience for them as well. And fears of an inflationary environment the U.S. has not seen since the 70s and early 80s isn’t only new to them in the form of rising prices. The low-inflation world contributed to a high return world for growth stocks that is now being threatened, and that leads to a question about whether young investors have enough experience with the inevitable ups and downs of the stock market.

Are young investors prepared to see double-digit equity market gains as the exception, rather than the rule, for the S&P 500?

Not yet, according to a recent survey of millionaire investors conducted by CNBC.

The bi-annual CNBC Millionaire Survey finds the youngest among America’s wealthy investors much more bullish and aggressive headed into 2022 than their investing peers from older generations. While the overall outlook from millionaires on the economy and stock market is “barely bullish,” according to the survey data, millennials see major potential for stocks gains and continued interest in risk-on trades including cryptocurrencies.

Covid ended the longest bull market in history, but stocks picked right back up and have since posted extraordinary gains in what amounts to a 13-year run for U.S. equities. Even if it doesn’t end, can this level of market returns last?

Drew Angerer | Getty Images

By the numbers:

  • 48% of millennials expect to increase their crypto investments in the next 12 months.
  • For many, that is a doubling down on crypto, as the survey finds more than half of the millennial millionaires said at least half of their wealth is in crypto.
  • 52% of millennials think the S&P 500 will be up by at least 10% next year (39% are even more bullish, expecting those gains to be above 15%). This is more than triple any other generation’s expectation for stock gains over the next 12 months.
  • 61% of millennials believe the economy will be much stronger next year; in all 93% believe the economy will be stronger, versus 41 percent for all millionaires.

The CNBC Millionaire Survey was conducted by Spectrem Group and surveyed 750 Americans with investable assets of $1 million or more. Caveat: Millennials are by far the smallest demographic sample in the survey. With the least time among generations to accumulate wealth, it follows there are many more Gen X, baby boomer and World War II millionaires in the data to accurately map the millionaire population of the U.S. The CNBC Millionaire Survey presents a snapshot of millennial millionaires, but it is only 31 out of the 750 wealthy Americans surveyed.

“Millennials are not a huge sample,” said Tom Wynn, director of research at Spectrem Group. “It’s enough to get some direction, but not huge, and we find that always in our surveys, they are way out there. I don’t know whether they are idealistic or just have an unrealistic view of things, but they are always extremely different,” he said.

And this is no different for investing than it is for taxes, or even religion.

Inflation, the Fed, stocks, and “stonks”

Some of the differences between millennials and the rest of the survey audience are stark. Inflation is the No. 1 economic concern among millionaires in the survey, while the millennial millionaire subset isn’t worried about it at all. And that finding highlights the generational nuances in the data and the question of whether younger investors are prepared for what inflation — and a Fed worried about inflation — can do to the stock market.

Lew Altfest, CEO of Altfest Personal Wealth Management, said most investors do think that in a Fed rate tightening cycle there is a greater chance of a correction next year, and overall, a lower return from the market.

Fed rate hike cycles haven’t been disastrous, but they have not been very good for stocks. Across the 17 previous Fed tightening cycles back to World War II, the Dow Jones Industrial Average and S&P 500 Index have struggled to post gains, according to CFRA Research. “Minor price increases for the equity market,” according to CFRA chief investment strategist Sam Stovall. In the 12-month period once the Fed starts raising rates at least three times, the S&P 500 rose a median of approximately 3.5%, and whether it gained or lost in any single period was little better than a coin flip: stocks gained in price 56% of the time.

The 1970s period of inflation was known as a “lost decade” for stocks because the compound annual growth rate in the S&P 500 was 1.6% — the index posted a 5.8% total return, but that is including dividends being reinvested and accounting for over 4% of the gain.

“They’re not thinking of double-digit returns and they are hoping they don’t get retribution for higher stock market prices,” Altfest said, referring to the price-to-earnings ratios which value-oriented investors such as himself find difficult to justify. “Value will have a run … stocks are going to go back to what are reasonable rates,” he said. “The question is the timing.”

A big millennial mistake and the market

There is some merit to the discussion about younger investors and inflation, says Doug Boneparth, president of Bone Fide Wealth, a wealth advisory firm, and a millennial himself. “The generation has not experienced an inflationary environment, and a boomer will be quick to point to 70s and 80s. When I talk to my own dad he doesn’t necessarily have the best memories of the 70s and 80s from an investment standpoint. Even myself, as an older millennial, I can’t recall investing or living through a non low-interest rate environment, so there’s something to say there.”

But this doesn’t mean he thinks 1970s-style inflation is about to repeat itself, and millennials may live in a world which they know is less likely to repeat that experience. “Anyone saying it’s going to be the 70s or 80s all over again, I’m not buying it. It’s a different world,” Boneparth said. “You didn’t have the internet or Amazon bringing goods to your door in 48 hours. It’s hard for young people to relate to what they do know historically about high inflation regimes,” he added.

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Even though millennials did not cite inflation as a risk to the economy, millennials in the survey were almost evenly split with 45% saying inflation would be temporary and 48% saying it would last a long time. This split within the generation itself brings to mind a point Boneparth says needs to be made when we start talking about “millennials”: the idea that millennials are a monolithic generation is a mistake.

“There are 80 million millennials and some can be viewed as just becoming adults, to full-fledged adults with children,” said Boneparth, who is closer to 40 than 20 and a homeowner with children.

It is an even bigger mistake, he says, when people assume that all millennials believe the stock market will only go up.

“It is a pretty big range and does mean some have been through different market cycles,” Boneparth said. “I’m old enough to know what a bad market looks like, in 2008-2009. For older millennials, the feelings and thoughts are alive and well. They shaped the older end of the millennial generation,” he said.

Though for millennials and Gen Z investors in their 20s who were just becoming teenagers during the Great Recession, recent performance could lend itself to overconfidence in the stock market. “And that could shape how they are investing their money,” Boneparth said. “I don’t think that stigma of 08-09 will ever escape my mind at 37. But you almost certainly get a ‘stocks are stonks’ often out of Gen Z, who are all about everything in a good way.”

Long-term returns and low returns

Market experts are worried that the extraordinary returns stocks have produced in recent years cannot be sustained. A recent survey of 400 investment professionals conducted by CNBC finds more than half (55%) expecting the S&P to return less than 10% next year. And more think the index will either be flat or down than up by more than 10%.

Most millionaires taking the CNBC Millionaire Survey believe their assets will be the same at year-end 2022 and they anticipate a rate of return between 4%-5% in 2022 — though since many are retired, they have a much more conservative asset allocation. Millennials believe their rate of return will be higher, with 39% predicting 10%-plus in 2022, and another 32% expecting at least 6% to 10% from their investments.

Every year, the major fund companies, such as Vanguard Group, release their investment return assumptions, and in recent years, the predictions for a lower return world haven’t been proven correct. For the record, Vanguard’s 2022 outlook says U.S. stocks are more overvalued than any time since the dotcom bubble, but there is no clear correlation in the historical data saying that inflation and rising rates will necessarily cause an abrupt end to the valuation momentum. “Our outlook calls not for a lost decade for U.S. stocks, as some fear, but for a lower-return one,” Vanguard concluded.

“It’s always best to be as accurate as you can, but since being accurate is hardest thing to do, the next best thing is to overdeliver,” said Mitch Goldberg, president of investment advisory firm ClientFirst Strategy. “In next 10 years, we expect a positive return of anywhere from 5%-8% annualized. I’m comfortable saying that, but I’m not comfortable saying next year only expect 5%.” 

There is an important distinction in how investors think about the rate of return. A diversified portfolio is not a 100% stock portfolio. When firms assume a 4% to 6% annual rate of return, that is assuming a mix of stocks and bonds, even if stocks are the majority. The S&P 500 has averaged an annual return of 9% since World War II, according to CFRA.

Boneparth says regardless of how well the stock market has been doing, issuing conservative return assumptions for clients is the proper communication to make annually. When he does forward-looking returns, he pegs a 5.3% return on a risk-adjusted basis for an 80-20 equity-bond portfolio. “When the market keeps pumping out returns, you have to go back to the 60 to 80 years history,” he said. History is only “wrong” right now, he said, because of the microenvironment of the past 10 years, from recession to expansion and Covid and through it all, multiple phases of monetary stimulus.

“Professionally speaking, you want to temper expectations about what returns can look like,” he said. “Every year S&P predictions are wrong, so millennials may be thinking ‘their guess is as good as mine, but when I am doing planning, I am being conservative in assumptions on rates of return in market portfolios,” Boneparth said. “Because I am trying to build a margin of safety, so if you are up 10%, you are way ahead of the curve.”

Younger investors have more time than any other generation to accumulate wealth, and tied to that, more reason than any other generation to remain aggressive in their portfolio allocations. This doesn’t mean their short-term optimism will be proven right, but staying in the market with a significant allocation to equities over the long-term is the right decision, as long as short-term success in the market does not breed hubris.

How to become a great investor

“Ask any fabulously successful entrepreneur how long it took them to become a competent investor and they will say five years; incredibly, it takes five years before you get your sea legs,” said Michael Sonnenfeldt, founder and chairman of Tiger 21, an investing network for the wealthy. He learned the hard way that early success in stock market investing does not ensure continued success. “The worst thing that ever happened to me in college was I bought options as my first investment and they doubled or tripled. That was the most expensive financial lesson I ever had because it completely inflated my confidence,” he said. “I had to lose many times what I made to understand those bets I made were luck and nothing more than luck.” 

Yet the current world is one in which investors have been forced, by economic and market conditions, to learn that equities are the way to generate market wealth. A generation ago, when there were much higher interest rates, debt investments could do a better job of helping a balanced portfolio beat inflation.

“In the low interest rate environment, a subset of people are learning how to drive returns through equity, whether private or direct or public,” Sonnenfeldt said. Even with rates set to rise in 2022, they will remain at what are very low levels compared to history. “They really have to work those assets and that may be part of what’s going on, people learning how to work their assets to beat inflation will have a very different view than we had a generation ago,” he added.

One finding that is consistent across members of the Tiger 21 affluent investing network is less reliance on the stock market for returns. In the past few years, venture capital has become much more prevalent among members and, in general, stocks do not make up the majority of an investor’s portfolio. Even as younger investors have high hopes for the S&P 500 next year, and generate a significant portion of their wealth from cryptocurrency, the CNBC Millionaire Survey did find their portfolios to be much more diversified than older investor peers — who tend to stick more to a traditional equities, fixed income and cash mix — millennial allocations to international, alternative assets and private markets are similar to public stock market weightings.

“My returns won’t mirror public market returns, and if I didn’t know any better I would say, geez, I should be unhappy,” Sonnenfeldt said. “But if I am north of 10% and still dramatically less than the public markets, it could be an incredible year, knowing no matter what happens in the market I may duplicate those returns again.”

Whether the S&P 500 repeats its nearly 30% gain of 2021, or reverts to its long-term annualized average of 9% in 2022 — or takes it on the chin — being realistic about the long-term, and having a plan for it, is more important than being remembered as the one who got next year’s S&P 500 call right. 

Preserving wealth, while covering living expenses and taxes, is the No. 1 goal, and that requires a realistic understanding of what can be earned from investments year in and year out. And over a longer period of time, with more time in the market, the best young investors will learn to adjust expenses to that realism.

“Optimism and realism are not the same thing, and many people are optimistic but not every realistic,” Sonnenfeldt said.

Spend money on Morgan Stanley over Robinhood Markets

IonQ: “That’s the problem. Everyone wants quantum computers. I was looking for quantum computers with Nvidia. We own Honeywell for … the nonprofit foundation. Here’s the problem: There’s no game on quantum computers right now. None, including that There is no game. There is only hype. We don’t want hype. ”

Robinhood Markets: “Look, I can comment on the last 10 points the same way. It’s so depressed, how can you not try? But the answer is, we don’t shoot things. We’re looking for fundamental reasons to own something. My nonprofit foundation owned by Morgan Stanley. Bet with them, not Robinhood, because it’s not a bet. It’s an investment. “

McAfee: “I don’t like McAfee. You have to be there NortonLifeLock. You are a member of the club. They know that when this deal is closed, NortonLifeLock will go straight to $ 30. Straight shot. ”

Western Union: “This stock is so damn cheap I have to believe it [CEO Hikmet Ersek] do something. I have to, have to, have to. I wouldn’t sell that stock for $ 18. ”

Royal Dutch Shell: “Royal Dutch is the fraction of the mental firepower that Mike Wirth brings to Chevron. We bought Chevron for … the charitable foundation. Why? Much better, much more disciplined than Shell. Much better capital allocation, and still good yield. That is the one to buy. ”

Doximacy: “Doximity is a damn good company. I don’t know how we’re going to change the address. It’s so good. … This is a great company with great advertising. I saw it was recently downgraded to by a great company I think Doximity has a lot of good reasons, but it’s trapped in this whole Multiple contraction of the price / sales ratio that nothing works. Don’t know what else to say. ”

Marathon Digital Holdings: “It’s a proxy. It’s just a proxy for this stuff. You want crypto, you buy crypto. … You like crypto, you own crypto.”

Join Now for the CNBC Investing Club to follow Jim Cramer’s every move in the market. Disclosure: Cramer’s nonprofit trust owns stocks of Morgan Stanley, NortonLifeLock, Honeywell, Nvidia, and Chevron.

Freighter markets are on hearth proper now

A top executive at Boeing has now underscored the importance of freight in the aerospace industry, almost two years after travel almost came to a standstill due to the coronavirus pandemic.

“The freight markets are on fire right now. We’re seeing real growth there, ”Boeing Executive Vice President Stan Deal told CNBC’s Dan Murphy at the Dubai Air Show on Sunday.

The company has announced that it will add three conversion lines for its 737-800BCF in North America and Europe. These are facilities that convert aircraft into freighters and will be based at KF Aerospace in Canada and London Gatwick.

Comments on the deal come a day after Boeing said it was in advanced talks to sell one Freight version of his future jetliner 777X. Ihssane Mounir, Boeing’s senior vice president of commercial sales and marketing, told Reuters on Saturday that it was “in fairly advanced discussions with a number of customers.”

“The [777X freighter] looks good from a design and requirements perspective. “

A worker checks on Monday the 10th

Nathan Laine | Bloomberg | Getty Images

Before the pandemic, a significant volume of cargo was carried in the belly of passenger planes. But after those planes were on the ground due to travel restrictions, the industry focused on dedicated cargo planes instead.

Many airlines have seen robust cargo volumes amid the pandemic. In fact, Emirates Airline’s latest half-year results saw cargo volume increase by 39%, close to 2019 levels.

Pandemic recovery

In a broader sense, Deal added on Sunday that Boeing is expecting more orders before the end of the year.

“Well, we’ve had a good year so far. We booked around 309 new orders net this year, 720 gross. That’s a pretty good start. And these discussions will continue at this air show. It’s not over yet, we expect more” Orders before the end of the year. And that will work well into 2022, “he said. Boeing had booked orders over 700 for the years 2014 to 2018.

“[2022] it will be about growth. It will be about continuing to produce more on our narrow body, the 737 Max, the wide body market where we will still see a sustained recovery as international markets come back, ”he added.

Regarding the coronavirus pandemic, Deal said Boeing continues to monitor vaccination rates on a global basis.

“We see this as the key to recovery. If you watch every domestic market rebound, that fits in pretty well with vaccination rates. “I think we will see a continued proliferation of vaccines that will unlock and build public confidence for recovery.”

– CNBC’s Dan Murphy contributed to this article.

What’s Coming Up on Cash & Markets + Lululemon Earnings Preview

Money and Market Economy Week Week of September 6, 2021: The financial markets are closed on Mondays, but there is still a lot to add to the calendar.

We will continue to be busy with Money & Market. I’d love to preview some of the upcoming content that I don’t want to miss. We’ll also tell you what to expect from Lululemon Athletica’s earnings and what to see in a post-COVID-19 job market report.

come money & market

Here Are Some Sneak Peaks Money & Market The Content You Can Expect Last Week.

Monday: It’s a holiday for the financial markets and our team. But we’re trying something new. You will find an email in your inbox with details about the first competition. It’s your chance to win money and market equipment, and I’ll give you one tip: improve your stock valuation skills in the green zone here..

Tuesday: Green Zone Fortune co-editor Charles Sizemore is considering your retirement. Big news fell from Social Security last week. Charles has some tips on how to make sure your nest egg is in good shape going forward.

Thursday: Research analyst Matt Clark enjoys talking about our cannabis stock Youtube channel.. In a live chat on Thursday you will have the opportunity to ask questions about the cannabis industry. Get ready for your question and join Matt at 4:00 p.m. EST.

Deeper Insight: Lululemon Income

Beyond the high-earnings season, there are still a few notable companies to report quarterly figures for the next few days.

Lululemon Athletica Inc. (Nasdaq: Lulu). I will report the income on Wednesday.

A popular sports and casual wear company has become a pandemic darling as people work and exercise at home. LULU’s share price has risen 135% from its March 2020 lows.

And that success resulted in a number of revenue and sales blows.

Earnings per share (EPS) are reported to have increased $ 1.16, 27.5% higher than analysts expected, in Lululemon’s latest earnings call for the quarter ending April 2021.

Looking back, Lululemon has seen sales jump nine of the last ten quarters, the only problem being the onset of the COVID-19 pandemic in spring 2020.

Lululemon’s sales fell sharply at the start of the pandemic, but sales steadily recovered through the second half of 2020, almost doubling from the second quarter to the fourth quarter of 2020.

Lululemon reported that online sales accounted for 44% of sales in the first quarter of 2021, compared to 54% in the year-ago quarter. As a result, total store sales increased 55% compared to the previous year. -The mortar site has reopened.

slim: Analysts are forecasting EPS growth of $ 1.18 for LULU in the second quarter and revenue of $ 1.33 billion in 2021, which I believe will once again beat that number.

Companies that focused on selling online during the pandemic flourished. I’ve seen it at traditional retailers like Walmart and Target, but it’s the same at small businesses like Lululemon.

With consumers wrestling with the COVID-19 delta variant, it will be interesting to see how that trend unfolds as the holiday season approaches.

Data dump: USJOLT jobs

A healthy labor market equals a healthy economy.

The Job and Sales Survey (JOLT) provides insights into the state of the labor market and the Bureau of Labor Statistics will publish the results of the July survey on Thursday.

JOLT uses three criteria to define a job. There is a position, the position can be opened within 30 days and the company is actively hiring the position. The JOLT survey also reports on employment and turnover (layoffs, retirement, etc.) so it provides a relatively broad view of the labor market.

There were 10.1 million jobs end of June, Series up.

There are enough jobs

Employment also rose 4.6% to 6.7 million in June, increasing retail, state and local government, education, and consumer durables manufacturing. The separation also increased slightly to 5.6 million.

Overall, there was a net increase of 6.9 million employees in the 12 months to June.

slim: Economists forecast 9.28 million jobs in July. That’s well below the June numbers, but I think it’s easy to beat.

Over the next few months, this data should reflect the effects of the COVID-19 delta variant. The federal unemployment benefit set by the CARE law in 2020 will also expire on Monday.

Sales report

Finally, Money & Markets Week Ahead, let’s take a look at some of the keys here revenue Report this week:

Monday

Uxin Ltd. (Nasdaq: UXIN).

Agraflora Organics International Inc. (OTC: AGFAF).

Tuesday

Caseys General Stores Inc. (Nasdaq: CASY).

Dada Nexus Ltd. (Nasdaq: chest).

Wednesday

Lululemon Athletica Inc. (Nasdaq: Lulu).

GameStop Corp. (NYSE: GME).

RH (NYSE: NS).

Thursday

Sun Hung Kai Properties Co., Ltd. (OTC: SUHJY).

Affirm Holdings Inc. (Nasdaq: AFRM).

National Beverage Corp. (Nasdaq: FIZZ).

Academy Sports Outdoors Inc. (Nasdaq: Yes sir).

Friday

Ellaktor SA ADR (OTC: ELLKY).

Number one,

Chadstone

Assistant Managing Editor, Money & Market

What’s Up for Money & Markets + Lululemon Yield Forecast Source link What’s Up for Money & Markets + Lululemon Yield Forecast

Omm Launches Decentralised Cash Markets on ICON

Dunedin, New Zealand, August 24, 2021 (GLOBE NEWSWIRE) – (via Blockchain wire) Omm (omm.finance) today announced the launch of its decentralized money market at the ICON blockchain. Omm allows anyone to lend or borrow digital assets and earn interest, and includes bridge as a login option and Fiat on / off ramp.

In traditional finance, money markets provide short-term funding and liquidity to borrowers. They are attractive to investors because of their relatively high interest rates and instant liquidity, making the money market a cornerstone for retail investors, small businesses, and corporations.

With $ 80+ billion Now locked into DeFi, money markets are becoming just as important in the blockchain ecosystem. However, they are not easily accessible to people unfamiliar with crypto due to foreign concepts such as private keys, gas charges, and slow transaction speeds. Omm simplifies the process of decentralized lending / borrowing and liquidity generation through direct fiat onboarding and offboarding through bridge. When people sign up with Omm, they have the option of depositing USD directly from their bank account via Bridge and Stable, or to connect a wallet that already contains supported assets.

“Omm will begin as a pillar of the ICON DeFi ecosystem, but plans to develop as a cross-chain money market. Our big vision is to create an open money market that drives the mass adoption of DeFi by allowing anyone around the world to experience it – without having to know they are interacting with a blockchain service, “said a former employee of Omm.

Omm consists of two market participants: lenders and borrowers. Once enrolled, participants can provide assets to earn interest and borrow (pay interest) assets, with interest rates automatically adjusting for supply and demand. Participants earn Omm Tokens (OMM) as a reward and can use them or provide them as liquidity Balanced to earn even more. OMM gives the holders governance authority and allows them to vote on the future of the protocol.

Bridge allows Omm users to borrow funds and then transfer them directly to their bank account. In addition, people with no blockchain knowledge can liquidate Omm tokens and participate in governance. ICON native cryptocurrency holders, ICX, can also use Omm to borrow stablecoins against their ICX to trade and continue to earn staking rewards.

Omm is the result of a collective effort by ICX station, iBriz, and PARROT 9. Hashed, CMS Holdings, FBG Capital and several renowned personalities are there strategic partner. The protocol was checked by Slowmist. To find out more, check out the Omm websitejoin in Omm Discord Channel, or follow Omm on Twitter.

About Omm

Omm is a decentralized money market on the ICON blockchain. Omm enables anyone to loan or borrow digital assets and earn interest with direct fiat onboarding and offboarding. Omm is made up of two market participants: lenders and borrowers. Lenders receive interest and borrowers pay interest, with interest rates automatically adjusting for supply and demand. Participants earn Omm Tokens (OMM) as a reward and can use them or provide them as liquidity Balanced to earn even more. Omm is a fair launch protocol and its tokens give holders governance powers that allow them to vote on the future of the protocol.

https://omm.finance

David Roche on China Covid outbreak hitting progress, markets

Medical staff are working on the sixth round of the Covid-19 test since the end of July in Nanjing, east China’s Jiangsu Province, on Sunday, August 8, 2021.

Feature China | Barcroft Media | Getty Images

China has tightened Covid-19 measures to combat a surge in daily cases – a move that could curb the country’s economic growth and hurt its stock markets, veteran strategist David Roche said.

Investor sentiment towards Chinese stocks was boosted by Beijing’s regulatory crackdown on sectors such as technology and Tutoring after school.

“The markets have gotten into the mindset that Covid is very … bad, but the economic recovery is picking up locks, removing social restrictions – this is something of the world recipe right now,” said Roche, President and Global Strategist, Independent Strategy. said CNBCs “Road signs Asia” on Tuesday.

“Well, it is not the world recipe in China for good reasons, and so markets have to accept that it has an economic cost not just within China but globally,” he added.

I think China is about to end its great recovery story from Covid …

David Roche

President and Global Strategist, Independent Strategy

The country’s National Health Commission reported 143 new Covid cases in mainland China on Monday – the highest number of daily infections since January, according to Reuters. Attributed to Chinese State Media the recent resurgence of infections on the highly transmissible Delta variant.

Chinese authorities ruled last week Mass tests in Wuhan city – where the coronavirus was first discovered – and imposed widespread restrictions on movement in major cities, including Beijing.

Some economists have raised concerns about China’s “zero tolerance” approach to Covid, which refers to the country’s aggressive crackdown on relapses in Covid cases. The approach, which includes rigorous lockdowns and mass testing, helped China keep previous outbreaks under control before the recent resurgence.

Read more about China from CNBC Pro

But the Delta variant is more contagious and could be more difficult to contain – and that could hurt China’s economic recovery, economists warn.

“If lockdowns and vaccination advances do not allow local economies to reopen by mid-August or early September, we will have to rethink our GDP forecast of 8.8% for 2021,” wrote economists at Australian bank ANZ in a report on Tuesday.

China effect on the world economy

Any disruption in the Chinese economy could affect global economic growth, Roche said.

The strategist stated that wider lockdowns across China could disrupt global supply chains – many of which are in the country.

This could affect international trade, increase the cost of some goods, and raise inflation expectations around the world, he added.

Roche expects China’s year-over-year growth to slow to 2 to 3% in the third quarter 7.9% expansion in the second quarter.

In the longer term, China’s economic growth will level off at around 5 to 6%, according to Roche.

“I think China is about to end its great recovery story from Covid, which of course is ahead of the world … and is now converging on a long-term growth path that is much, much lower than what people are used to after China,” said he.

Kino33 Leisure companions with ONE Leisure Group to supply worldwide content material that touches the Asian and Western markets

MADISON, Wis., July 7, 2021 / PRNewswire / – VNM United States Announces the partnership between ONE Entertainment Group and Kino33 Entertainment, who are collaborating on films and live events that bring together the best of the Korean and American entertainment markets.

The couple have entered into a collaboration agreement to develop science fiction films and objects for an international audience. The ongoing partnerships of the ONE Entertainment Group with House of Talent Casting and Kevin Grevioux (Creators of the film franchise “Underworld”) will be the main actors in the production of these properties.

Kino33 Entertainment is led by its founder and CEO, Kyu Lee – Former Marketing, Promotion and PR Manager at Sony. Kino33 Entertainment is a diversified entertainment and media company with activities to integrate music, film and television in the US and Korea. From Pop to KPop and Hollywood to the screens in Asia, Kino33 strives to bring the two worlds closer together through original creative content with universal synergy.

“Kyu has a superhuman ability to recognize and produce content that combines the best of Western and Asian content. He understands international synergies and how to create experiences that cross borders. When you combine that with our talent lineup at ONE, we open doors to cultural collaborations that will change the way we view international marketing, “said Brent Johnson, CEO of ONE Entertainment.

AN entertainment group is a The angel based multinational entertainment company specializing in live event activation, global entertainment distribution, and coordinating multinational transactions.

This powerful pair of entertainment companies brings together decades of experience producing live sports and entertainment events on a global scale. In addition to their film projects, Kino33 and ONE plan to host live sporting events in Korea for, among others Floyd Mayweather and others sometime in late 2021.

The story goes on

Ryan Cowdrey
505-333-9117
r@vnmusa.com

Cision

Show original content:https://www.prnewswire.com/news-releases/kino33-entertainment-partners-with-one-entertainment-group-to-produce-international-content-that-touches-the-asian-and-western-markets- 301327112.html

SOURCE-VNM United States

Pretend cash rip-off focusing on U-pick, farmers markets in Michigan, police say

CADILLAC, MI – The Traverse City area has been identified as a target of fraud / counterfeit money fraud circulating in Michigan.

According to the Michigan State Police, the scam consists of people ordering large quantities of fruit or products from local farmers markets, street stalls, and U-Pick farms and then paying with fake bills.

A recent incident involved a loss of $ 1,400 worth of products from a state store when the owner discovered the cash payment was fake, the MSP said.

The MSP encourage everyone involved in the sale of local products to be careful when handling large orders and cash payments, and to report suspicious activity to the local police force or a local Michigan State Police department.

No cash to assist stretch SNAP {dollars} at farmers markets in state price range – Albert Lea Tribune

By Tim Pugmire, Minnesota Public Radio News

Farmers’ markets are a staple summer in many Minnesota communities, but not everyone who shops there has the means to pay the farmers for what they grow.

A program called Market Bucks was designed to encourage some of these Minnesotans to use federal benefits – formerly called grocery stamps and now known as SNAP – to pay for healthy groceries at farmers’ markets. Participants will get a $ 10 game when they spend $ 10.

The program is particularly popular with seniors, said Colleen Moriarty, executive director of the nonprofit Hunger Solutions.

“It’s important because it helps people with limited access to food, the elderly and others, have more fresh fruits, vegetables, and Minnesota-grown products in their diets,” Moriarty said. “And that improves their health outcomes and improves access to food they might not otherwise have.”

The program doesn’t cost much compared to the total budget of $ 50 billion.

The DFL-controlled house put $ 325,000 in its draft agriculture budget for Market Bucks, but the Republican-controlled Senate had nothing. The position of the Senate prevailed in the negotiations. Senator Torrey Westrom, R-Elbow Lake, chairman of the Senate Agriculture Committee, presented the position to members of the finance committee.

“This program essentially enables the double-dip for everyone on SNAP,” Westrom said. “Overall, there are other priorities or areas that are also competing for funding.”

Senate minority leader Susan Kent, DFL-Woodbury, said she heard from farmers across the state who see Market Bucks as a valuable program. It should be a priority, said Kent.

“I don’t understand why it is twice that. I don’t understand, ”said Kent. “This feeds the people and makes feeding the people a priority. So I’m very disappointed. “

State Agriculture Commissioner Thom Petersen also expressed disappointment. Petersen told lawmakers that the state will lose federal funds if the program does not continue.

“We have to have this done by July 1st,” said Peterson. “So if a consideration can be given, or if we can find out, hundreds of thousands of dollars will be spent not only on those in need, but also on our farmers.”

Senator Mary Kiffmeyer, R-Big Lake, chair of the state government committee, noted that funding of the program was previously a responsibility of her committee. Negotiations on the state government bill are ongoing, and Kiffmeyer suggested that Market Bucks could be added to the bill.

“That’s currently $ 325,000,” said Kiffmeyer. “But we’ll see what we can do.”

Top legislatures want to conclude the special session in about a week. Hunger Solutions officials are now also looking for alternative financing. They are also circulating a letter signed by farmers’ markets, farming companies and other organizations calling on lawmakers to explore all options.

“It helps farmers,” said Colleen Moriarty. “And it supports the money that is being spent in the local communities.”