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🏠 Pending Home Sales (Sept) ❌ BIG MISS 📉 M/M: -7.3% vs -0.5% est. 📉 Y/Y: -11.3% vs +0.7% est. Contracts fell in all 4 regions as mortgage rates spiked. 😬
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🚨 REPORT: The US and Iran have given preliminary approval to a Qatar and Pakistan compromise that includes IAEA inspections. Not confirmed yet. Iran says it's still reviewing. If it holds, oil could drop fast. Peace through strength. 🙏🏼
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📦 BREAKING: Amazon $AMZN will hire 300,000+ US workers this holiday season, up 20% from last year, at about $20 an hour. Challenger sees total holiday hiring at its weakest since 2008. Amazon is going big anyway.
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🏡 Treasury Sec Scott Bessent this morning: "I think mortgage rates will come down." He says bond auctions have been strong and "we need to grow our way out of debt" as we get past the energy shock. Growth is the answer. 💚 Would lower rates get you house hunting?
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🚨 Breaking; $CRM is buying $BRZE for $47.50/share in cash, about $5.66B 💰 $BRZE +51% premarket to $45.44 🚀 $CRM -3.1% to $235.00 📉 Wall Street isn't loving the shopping spree. Deal closes in fiscal 2028 and FY27 guidance stays the same.
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🚨Housing keeps getting hit 🏠 Sept starts: 1.221M, -5.2% m/m & -7.4% y/y (est. 1.305M) Single-family starts: 859K, -4.6% Permits: 1.400M, beat 1.385M est., but single-family permits fell 4.0% With the 10-yr above 5%, builders are pulling back even more.
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Stock Mom™ retweeted
I get paid partnership offers in my DMs every single day. I've accepted ZERO. 🚫 I won't promote a product I don't believe in. My name and your trust are not for sale. Real trades. Real receipts. Real me. 💚
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S&P 500 rose 0.4% Monday. Did breadth improve? Nope: 241/500 (48.2%) closed below the 200-day MA, up from 45.0%. 322 stocks fell, 175 rose. Utilities (84%) & REITs (80%) broke down again. Only 2 of the top 25 are below:
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China can't get enough Nvidia. 🇨🇳 Per Reuters: ByteDance, Alibaba & Tencent ordered 3M+ RTX PRO 5500 cards, worth over $35B. Nvidia can't guarantee supply, so they may get only 5–10% of the order. Export curbs or not, AI demand is real. $NVDA +0.7% premarket.
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⚠️Strike watch at $MU Micron's Taoyuan union plans a 1-day strike Thursday 10/22, the same day profit-sharing mediation starts with its Taichung union. About 50–60% of Micron's chips are made in Taiwan. No disruption yet. MU +0.3% premarket
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Trump just announced an $8 BILLION Harvest Fuel Relief Program for American farmers. 🇺🇸🚜 USDA will send one-time payments to offset high diesel costs this harvest. Farmers feed this country. Watch $DE $AGCO $CF $ADM. 💚 This is a win for Farmers!
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Good morning from NY 🗽🦅🇺🇸
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Lot's of leverage. KOSPI 👀
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Stock Mom™ retweeted
Did you buy any stocks today?
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