General Motors   announced that its assembly plant in Spring Hill, Tennessee will produce electric vehicles, becoming the company's  third production facility to do so. The Cadillac Lyriq will be the first EV produced at that location. A total of $2 billion will be invested in Spring Hill to build EVs, including the Lyriq. The auto giant already has EV producing facilities at Detroit and Orion Township, Michigan plants.This could be a long-term bullish signal for the stock as the stock shifts to an upward trend. Current price $36.08 is above $35.37 the highest support line found by A.I. Throughout the month of 09/17/20 - 10/19/20, the price experienced a +4% Uptrend.

Spaceflight company Virgin Galactic Holdings  shares climbed Tuesday, after short seller Jim Chanos reportedly said he would go long on any space company that has gone public. Jim Chanos, president and founder of Kynikos Associates of New York, made the comment at Grant’s Fall 2020 conference in New York City, (Reuters reported.) In interviews, Chanos has described his investment strategy focused on fundamental failures in market valuation, from underestimated or unreported failings in the business or the market of a particular stock. On Monday, Virgin Galactic President Mike Moses told New Mexico state lawmakers that the first test space flight from Spaceport America will take place sometime this fall.

The U.S. Department of Justice filed its antitrust case against Google.  The DoJ said the action intended to "restrain Google from unlawfully maintaining monopolies in the markets for general search services, search advertising, and general search text advertising in the United States through anticompetitive and exclusionary practices, and to remedy the effects of this conduct.It would have a fuller statement later Tuesday. Earlier this month, a Congressional report accused Google of favoring its own products in search results.

Microsoft  got a price target hike from Stifel analysts. The analysts raised their price target on the technology behemoth’s shares  to $245 from $220.They also affirmed a buy rating.   The analysts cited their expectations that Microsoft should benefit from faster digital transformation due to the coronavirus pandemic as well as a recuperating world economy.

Amazon’s data and third-party estimates indicate  strong growth in Prime Day sales compared to 2019. According to e-commerce website Digital Commerce 360, Amazon garnered $10.4 billion worth of sales globally on Oct. 13 and 14 as its Prime Day event began.The estimate represents a 45.2% increase relative to the $7.16 billion in sales estimated for Amazon’s July 2019 Prime Day event. A day earlier, Amazon claimed that its marketplace sellers generated more than $3.5 billion in sales across the 19 countries in which Prime Day was held on Oct. 13 and 14.

Gold prices hit a six-month high on Wednesday as concerns over global growth and a partial government shutdown in the United States fueled risk aversion, prompting investors to seek refuge in the metal. READ MORE...

Zoom Video Communications  got analyst target-price hikes, on  the launch of its new features.  Zoom launched several features including events platform OnZoom yesterday. AllianceBernstein almost tripled its share-price target on the audio-video communications company to a Wall Street high $611, from $228.RBC said it had increased conviction in the potential for durable hypergrowth, with a potential path to 60% growth next year. Both Rosenblatt Securities and Piper Sandler also hiked their share-price targets on Zoom, to $450 from $350 and to $501 from $411 respectively. According to Tickeron,  Technical Analysis (Indicators) Bearish Trend Analysis The 10-day RSI Indicator for ZM moved out of overbought territory on October 14, 2020.

The odds of a continued downward trend are 50%. Following a 3-day decline, the stock is projected to fall further.The odds of a continued upward trend are 50%. The Aroon Indicator entered an Uptrend today.

Netflix (NFLX) is one of the companies that seems to be benefitting. The company is set to report third quarter earnings results on October 20 and it is expected to show earnings growth of 44.9% over the third quarter of last year.The company’s return on equity is well above average at 29.1% while the profit margin is slightly below average at 10.2%. Looking at the Tickeron Scorecard for Netflix we see that the stock is rated as a “strong buy”.

Peloton Interactive  got price target raise from Truist Securities analyst Youssef Squali. Squali boosted his share-price target on the exercise-equipment/software company to a Wall Street high $144 from $115.He has a buy rating on the shares. "Shelter-in-place practices have created the perfect environment for greater adoption of home exercise equipment, and for Peloton (#1 sought-after brand) through a combination of high quality products/service, easy financing, greater brand awareness and a strong logistics platform," Squali wrote in a commentary. Truist in a survey found that more than half of respondents have canceled their gym memberships or plan to do so.

Zoom Video Communications  introduced several new features Wednesday, including a events platform. The platform, called OnZoom, allows users “to create and host free, paid, and fundraising events,” Zoom Video said in a statement. According to Zoom, hosts can grow their businesses, and expand their reach into new audiences, and give back through native donation integration, via OnZoom.The odds of a continued upward trend are 90%. The Aroon Indicator entered an Uptrend today.

Wells Fargo third-quarter earnings fell short of analysts' expectations, on net interest income drop. The bank’s  the third quarter earnings came in at 42 cents a share, for, vs. declining from the year-ago quarter’s  92 cents a share.However, it managed to beat FactSet estimates of $18 billion.  Commercial loans were down $30 billion year-over-year, suggesting  lower loan demand as well as loan pay-downs, Wells Fargo said. According to Tickeron, WFC in -5.03% downward trend, sliding for three consecutive days on September 23, 2020 Moving lower for three straight days is viewed as a bearish sign.

The COVID-19 pandemic is creating demand as consumers are perhaps reevaluating whether they want to live in a building with hundreds of other people. We are also seeing companies shift their policies to allow more people to work remotely.Earlier this week Microsoft announced that it was permanently changing its policy and that many workers would be allowed to work remotely. The shift in housing preferences has caused the homebuilding stocks to rally sharply in the last six months or so.

Roth Capital analyst Craig Irwin downgraded shares of electric truck maker Workhorse Group  to neutral from buy. A a U.S.Postal Service spokesperson told Roth the USPS won’t decide who wins the competition for its next generation of delivery trucks until year-end. Irwin also slashed his share-price target on the shares to $27 from $33.

The $160 price target is based on ~29x analysts FY22 EPS estimate of $5.50, compared to consensus estimates of $4.99 per share. They cited  Walmart’s ability to accelerate its digital ad segment & boost e-commerce profitability.Tailwinds include decisions to have an in-house media group, the launch of various tools and analytics for greater control and insights for advertisers, and strong early reads from advertisers. According to Tickeron, Momentum Indicator for WMT turns positive, indicating new upward trend WMT saw its Momentum Indicator move above the 0 level on September 30, 2020.

The amount is also lower than market expectation of $1.8 billion to $6 billion. Expenses rose from last year to $16.9 billion. “JPMorgan Chase earned $9.4 billion of net income on nearly $30 billion of revenue and we maintained our credit reserves at $34 billion given significant economic uncertainty and a broad range of potential outcomes," CEO Jamie Dimon said.The odds of a continued upward trend are 47%. Following a +3.84% 3-day Advance, the price is estimated to grow further.

Cloud service company Snowflake  got  optimistic outlooks from analysts at Deutsche Bank and Piper Sandler. Deutsche Bank analyst Patrick Colville initiated coverage of Snowflake with a buy rating and a $305 price target.… Our estimates call for data warehouse (analytical processing) spending to grow to $45.2bn in 2024, a 13% CAGR from 2019.” Brent Bracelin of Piper Sandler began coverage of Snowflake with an overweight rating and a $264 price target, citing the company’s new cloud-native software layer, that Bracelin believes has the potential to redefine and modernize the enterprise data stack.

PepsiCo  got a rating upgrade at  Citigroup, on wider profit margin expectations. Citigroup analyst Wendy Nicholson boosted her rating on the beverage giant’s shares to buy from neutral.She also raised her share-price target to Wall Street high $169, from $148.  The price target implies a 22% upside potential from Friday's close at $138.44. According to Nicholson, increasing operating margins could boost Pepsi shares.

The four biggest banks in the United States are set to announce earnings next week and the expectations show estimates are up from the second quarter, but down from last year. The banks I’m referring to are Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC).Rather than list each company and its EPS estimate one by one, I put together the table below on Tickeron’s Screener.

Looking at the 11 main sectors and the SPDR ETFs that represent them, only the utilities sector moved higher in September. I took these screenshots from the Tickeron screener for the 11 Select Sector SPDR ETFs.We see that the Utilities Select Sector SPDR (XLU) gained 0.23% in the past month as the top performer of the group.