November 7, 2024 8:04am

Sell into dramatic updraft and build the cash position; also Fed interest rate decision

Earnings today: Moderna (MRNA), Vericel (VCEL), Intellia Therapeutics (NTLA) and AxoGen (AXGN)

My interpretation of the morning’s numbers is written to be informative; it’s built on what happened or will happen behind the headline today!

Never leave an investor uninform

RegMed Investors (RMi) Closing Bell: benchmarks hit record highs, as Trump wins the election … https://www.regmedinvestors.com/articles/13687

RegMed Investors (RMi) Research Note: Q3/24 earnings reporting dates, net losses, cash positions, revenue and runway outcomes … https://www.regmedinvestors.com/articles/13441

RegMed Investors (RMi) - Q3/24 Cell and Gene Therapy Earnings Scorecard Results … https://www.regmedinvestors.com/articles/11628

 

Remember that overnight and pre-open actions’ futures and markets doesn’t necessarily translate into actual trading in today’s market session.

My interpretation of the morning’s numbers is written to be informative; it’s built on what happened or will happen behind the headline today!

 

Thursday: The pre-open Dow futures are UP +0.15% or (+67 points), the S&P futures are UP +0.18% or (+11 points) and the Nasdaq futures are UP +0.32% or (+66 points)

  • Stock futures gained slightly Thursday, 11/7 after a huge market move,
  • European markets traded higher,
  • Asia-Pacific markets mostly rose in choppy trading,

 

Henry’omics: We need to more than consider the economic environment to comprehend the micro re “our” universe of cell and gene therapy companies

  • Wednesday: The Dow closed UP +1,508.05 points or +3.57%, the S&P closed UP +146.28 points or +2.53% while the Nasdaq closed UP +544.29 points or +2.95%
  • Market participants on Thursday will closely monitor the Federal Reserve’s interest rate decision and Chair Jerome Powell’s subsequent press conference. Fed funds futures are currently pricing in a 100% likelihood that the central bank lowers the borrowing costs. CNBC>

Economic Data Docket: : Federal Reserve interest rate decision (0.25% interest rate cut expected) Initial jobless claims, week ending Nov. 2 (221,000 expected, 216,00 prior)

 

Q4/24: November 1 negative and 3 positive closes

  • October: 8 positive and 15 negative closes

Q3/24:

  • September – 10 positive and 10 negative close
  • August – I neutral, 10 positive and 11 negative closes
  • July: 1 market holiday. 1 day off, 6 negative, 1 neutral and 12 positive closes

 

Companies in my headlights – It’s your decision; I provide ideas and context 

I post about “indication intelligence” looking toward investment conferences … to assist investors with insight into sector vulnerabilities and strengths.

A dictionary definition of “indicate” refers to something less than a certainty; an indication could be a signal of being oversold or overbought, a recommendation, or grounds for inferring or a basis for believing.

  • Let them roll as sector spiked with the market’s dramatic ascension.

 

The BOTTOM LINE: Watch-out below especially with rate cuts …

Fed's interest-rate decision — typically a dominant event for markets — is taking something of a back seat amid the election fallout. For one thing, investors see a 25-basis point rate cut as pretty much a sure thing.

 

Quote to ponder, “Traders in the fed funds futures market are betting on an aggressive pace of cuts that by the close of 2025 would take the benchmark rate to a target range of 3.75%-4.0%, or a full percentage point below the current level following September’s half percentage point cut. The Secured Overnight Financing Rate for banks is a bit more cautious, indicating a short-term rate around 4.2% at the end of next year.” <CNBC>

 

Welcome to my world of defining the “grey’ in our universe!

  • Right up front, “I also hate to be so negative or contrarian but, this is a NO spin zone and facts are its product; I can always be WRONG but … I am mostly EARLY!”
  • The sector is what it is, until it isn’t and even then, it doesn’t seem to be… as NOT much changes as the sector’s share pricing rides the waves of volatility, algorithms, electronic trading and short covering.
  • I am more frequently right than consequentially wrong; if I wanted to be liked, I wouldn’t have been an analyst/journalist.

 

Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice. All investments are subject to risks. Investors should consider investment objectives.

Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors.  All investments are subject to risks. Investors should consider investment objectives.  Regulation Analyst Certification (Reg AC): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and it’s or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

Henry McCusker, the editor and publisher of RegMed Investors could hold or have positions securities referred to in this publication and he will NOTIFY investors of holdings.