Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed | https://www.lightspeed.com www.lightspeed.com Fri, 12 Nov 2021 10:35:05 +0000 en-US hourly 1 The IPOX® Week, November 8th, 2021 https://www.lightspeed.com/active-trading-blog/the-ipox-week-november-8th-2021/ https://www.lightspeed.com/active-trading-blog/the-ipox-week-november-8th-2021/#respond Mon, 08 Nov 2021 06:00:22 +0000 https://www.lightspeed.com/?p=29210 Innovation-focused IPOX 100 U.S. (ETF: FPX) beats S&P 500 (ETF: SPY) with 2.41% rise. IPOX EV (IPEV) adds another 6.99% last week. “FPXE” ETF awarded 5 Stars. IPOX SPAC (SPAC) gains 1.58% as SPACs recover. 23 new SPACs launched last week. 32 IPOs debuted globally, most record strong initial returns. More deals lined up. weekly.. Read more

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  • Innovation-focused IPOX 100 U.S. (ETF: FPX) beats S&P 500 (ETF: SPY) with 2.41% rise.
  • IPOX EV (IPEV) adds another 6.99% last week. “FPXE” ETF awarded 5 Stars.
  • IPOX SPAC (SPAC) gains 1.58% as SPACs recover. 23 new SPACs launched last week.
  • 32 IPOs debuted globally, most record strong initial returns. More deals lined up.
  • weekly Summary:  Lower U.S. yields and stable equity risk (VIX: +1.35%) amid post-earnings Momentum and solid monthly U.S. economic data provided for the ideal backdrop for the rally in many of the global (developed markets) equity benchmarks to continue.  In the U.S., e.g., the IPOX® 100 U.S. (ETF: FPX) added +2.41% to +13.29% YTD, outpacing the S&P 500 (ETF: SPY) by +41 bps. on the week. Except for China-linked exposure, gains extended to markets abroad, including Europe and Asia-Pacific.

    Morningstar initiates rating on ipox® 100 europe etf (ETF: FPXE):  The fund management team at IPOX Schuster LLC is pleased to note that ETF ratings provider Chicago-based Morningstar (MORN US: +1.37%) has initiated the rating for the First Trust IPOX Europe Opportunities (ETF: FPXE) with 5-stars. Between fund launch on 10/05/2018 and 11/05/2021, and adjusted for transaction cost, the innovative IPOX® Europe ETF (ETF: FPXE) has gained +75.66% vs. +38.99% for the Goldman Sachs ActiveBeta Europe Equity ETF (GSEU US), a difference of a massive 3667 bps. The “FPXE” ETF provides exposure to European domiciled New Listings, often a pure proxy for growth and innovation. The funds European-traded UCITS-sisters (ETFs: EFPX IM, FPXE LN) trade in Milan and London, respectively.

    IPOX® Portfolio Holdings in focus: The distribution of returns amongst individual IPOX® Holdings was abnormally large last week, reflecting earnings season. Top of the list ranked Japan-traded electrical component maker Dexerials (4980 JP: +44.04%), followed by IPOX® 100 U.S. (ETF: FPX) members application software maker Confluent (CFLT US:  +37.75%), SPAC IT Services provider Grid Dynamics (GDYN US: +28.80%), semiconductor maker ON (ON US: +23.01%), online bookings platform operator Airbnb (ABNB US: +18.14%) and ride sharing services provider Lyft (LYFT US: +16.74%).  Jimmy Choo owner IPO M&A Capri Holdings (CPRI US: +22.67%) Germany’s Hellofresh (HFG GY: +19.63%) and Nordic Fintech Nordnet (SAVE SS: +14.42%) stood out with a strong performance abroad. Companies recording big declines after a weaker-than-expected quarterly update included London-traded AI company Darktrace (DARK LN: -28.04%), Sweden-based application software maker Softbank-backed Sinch (SINCH SS: -25.05%) and Canadas POS systems maker Lightspeed Commerce (LSPD US: -24.63%).

    Select IPOX® Indexes Price Returns 2020 Last Week YTD
    IPOX® Indexes: Global/International
    IPOX® Global Super Liquid (IPGL50) (USD) 66.63 0.97 0.46
    IPOX® International (IPXI) (USD) (ETF: FPXI) 72.15 0.44 -4.26
    IPOX® Indexes: United States
    IPOX® 100 U.S. (IPXO)* (USD) (ETF: FPX) 47.32 2.41 13.29
    IPOX® M&A (GNDX) (USD) n/a 1.89 n/a
    IPOX® ESG (IPXT) (USD) 42.29 0.61 13.87
    IPOX® SPAC (SPAC) (USD) 48.52 1.58 -6.22
    IPOX® EV (IPEV) (USD) n/a 6.99 34.78
    IPOX® Indexes: Europe/Nordic
    IPOX® Europe (IPOE) * (USD) (ETF: FPXE) 35.14 1.67 12.76
    IPOX® Nordic Core (IPND) (EUR) 59.89 2.84 27.91
    IPOX® Indexes: Asia-Pacific/China
    IPOX® Asia-Pacific (IPTA) (USD) 47.50 4.70 1.75
    IPOX® China Core (CNI) (USD) 88.02 -3.11 -33.62
    IPOX® Japan (IPJP) (JPY) 25.75 4.59 15.93

    * Basis for CME-traded e-mini IPOX® 100 U.S. Futures (IPOZ1). *also available In UCITS format in Europe in EUR (EFPX IM,), USD (IPXE LN), and GBP (FPX LN).

    IPOX® SPAC INDEX (SPAC):  The Index added +1.58% to -6.22% YTD and +39.29% since Its 7/30/2020 launch. SPAC news include: 1) 3 SPACs Announced Merger Agreement include: a) SilverBox Engaged Merger (SBEA US: +6.87%) with veteran-focused coffee company Black Rifle Coffee and b) Quantum Fintech Acquisition (QFTA US: +1.12%) with online broker TradeStation. 2) 4 SPACs Approved Business Combinations include: a) Reinvent Technology Partners (RTPX US) with self-driving startup Aurora Innovation (AUR US: -0.70%); b) Khosla Ventures II (KVSB US: +8.72%) with neighborhoods social networker Nextdoor (KIND US: 11/8) and c) Switchback II with e-scooter rental company Bird (BRDS US: -15.97%). 3) SPACs reportedly in talk include a) Atlantic Avenue Acquisition (ASAQ US: +0.10%) with prison phone operator Securus Technologies. 4) 23 new SPACs launched last week.

    WEEKLY GLOBAL Deal-flow Review and Outlook:  32 IPOs launched, with the average equally weighted deal adding +15.96% based on the difference between the final offering price and Friday’s close. Ant Financial-backed Korean payment services provider Kakao Pay (377300 KS: +88.89%) surged on its long-awaited stock market debut while sustainable shoemaker Allbirds (BIRD US: +73.53%) also rose on its upsized, above-range offer. Korean battery materials manufacturer Enchem (348370 KS: +112.62%) marked the best performing IPO. Amazon (AMZN US: +4.28%)-backed EV maker Rivian (RIVN US), car rental company Hertz Global (HTZZ US: +10.87%), Russia’s alcohol and convenience store operator Mercury Retail (MRHL RU) are lined up this week. Other IPO news include a) ANDOX and Borealis plastic JV Borouge, Bain Capital-owned digital transformation consulting firm Brillio, chess tournament organizer World Chess and more weigh IPOs; b) Saudi Tadawul Exchange to list 30% stake in IPO; c) Dubai Electricity and Water Authority (DEWA UH) to list; d) Advent-backed manufacturer parts supplier Rubix Group scraps LSE IPO plan.

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    International Earnings Growth Is Outpacing U.S. Growth https://www.lightspeed.com/active-trading-blog/international-earnings-growth-is-outpacing-u-s-growth/ https://www.lightspeed.com/active-trading-blog/international-earnings-growth-is-outpacing-u-s-growth/#respond Thu, 04 Nov 2021 06:00:53 +0000 https://www.lightspeed.com/?p=29202 By: Wayne Duggan Third-quarter earnings season is off to a strong start for most S&P 500 components. However, not all companies are putting up big numbers. Heading into third-quarter earnings season, some investors were understandably concerned about the potential impact of global supply chain disruptions and uneven international recovery from the COVID-19 pandemic, particularly for.. Read more

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    By: Wayne Duggan

    Third-quarter earnings season is off to a strong start for most S&P 500 components. However, not all companies are putting up big numbers. Heading into third-quarter earnings season, some investors were understandably concerned about the potential impact of global supply chain disruptions and uneven international recovery from the COVID-19 pandemic, particularly for U.S. companies that generate a high percentage of their business overseas.

    So far, early earnings reports suggest international companies were actually outgrowing domestic U.S. companies in the third quarter.

    The Numbers
    Blended earnings numbers include both reported earnings and updated analyst estimates. So far this earnings season, the blended earnings growth rate for S&P 500 constituents for the third quarter has been 32.7%.

    For companies that generate at least half their revenue inside the U.S., that blended earnings growth rate drops to 26.3%. Conversely, companies that generate more than 50% of their earnings outside the U.S. economy are reporting 44.3% earnings growth.

    Revenue numbers paint a similar picture. Overall, S&P 500 companies are reporting a blended revenue growth rate of 15.3%. Companies generating over half of their revenue outside the U.S. are reporting 23.8% revenue growth, while companies generating less than half of their total revenue internationally are reporting 12.4% revenue growth.

    Dollar Effects
    A factor that plays a role in the relative growth rates of international companies versus domestic U.S. companies is the strength of the U.S. dollar. The dollar index started 2021 at multi-year lows, but it is now currently trading near its 52-week high.

    Generally, a strong dollar is good for companies that import goods and materials from other countries because it potentially lowers their costs. However, a strong dollar is typically bad news for American companies that generate a large portion of sales outside the country. The earnings these companies generate from foreign sales will drop in value relative to their domestic earnings, potentially weighing on stock price.

    The value of the dollar has been steadily climbing since May. It appears it is not weighing on international earnings too much as of the third quarter, but investors should continue to monitor the dollar index heading into 2022.

    Supply Chain Disruptions
    Finally, the major disruption in international supply chains, particularly in Asia, represents a wild card in the fourth quarter and beyond for U.S. companies relying on overseas suppliers. As economies around the world open back up to full capacity following pandemic shutdowns, suppliers are seeing booming demand from global consumers. Since different regions are recovering more quickly than others, a large number of suppliers are struggling to meet demand.

    Unfortunately, economists say that supply chain issues could get worse in the fourth quarter before they get better in 2022. Investors who own international stocks or U.S. stocks that rely on international suppliers should pay particularly close attention to any management warnings regarding supply chain issues on company earnings calls to avoid getting caught off guard by a potentially disappointing fourth-quarter earnings report.

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    What Traders Can Expect After Earnings Season https://www.lightspeed.com/active-trading-blog/what-traders-can-expect-after-earnings-season/ https://www.lightspeed.com/active-trading-blog/what-traders-can-expect-after-earnings-season/#respond Mon, 01 Nov 2021 07:00:23 +0000 https://www.lightspeed.com/?p=29197 By: Wayne Duggan The third-quarter earnings season is off to a very strong start, and it seems at this point that traders concerned about a disappointing quarter can breathe a sigh of relief. Assuming the remainder of earnings season continues to go smoothly, the S&P 500 is well-positioned to potentially finish 2021 at new all-time.. Read more

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    By: Wayne Duggan

    The third-quarter earnings season is off to a very strong start, and it seems at this point that traders concerned about a disappointing quarter can breathe a sigh of relief. Assuming the remainder of earnings season continues to go smoothly, the S&P 500 is well-positioned to potentially finish 2021 at new all-time highs.

    But just because the final earnings season of the year is lining up to be a good one doesn’t necessarily mean the last 2 months of the year will be smooth sailing for the stock market. Here are 4 catalysts that traders will be watching after earnings season is over.

    Federal Reserve Tapering
    The Federal Reserve has indicated it will begin tapering its $120 billion in monthly asset purchases soon. A recent CNBC survey found that investors are expecting the Fed to officially announce its tapering plan in November and begin dialing back its bond buying starting in December.

    If the Fed announces a more aggressive tapering plan than the market is expecting, it could spook investors. Not only would it suggest that the market will be losing its monthly stimulus faster than expected, investors may see aggressive tapering as a red flag that the Fed believes it will need to raise interest rates to slow down the economy sooner rather than later.

    Inflation
    The main reason the Fed may be forced to aggressively taper is persistent inflation. Fed Chairman Jerome Powell has repeatedly said elevated inflation levels are “transitory” as the U.S. economy opens back up fully following the pandemic. However, Powell conceded in September that inflation has been “frustrating” and that inflationary pressures have been “larger and longer-lasting than anticipated.”

    Supply chain disruptions, labor shortages, and booming consumer demand have contributed to rising inflation. The Fed is expecting that inflation will moderate in 2022. If it does not moderate or if it continues to rise, the stock market could take a hit.

    COVID-19
    U.S. COVID-19 hospitalization and death rates have been improving, but there is still a risk that the onset of winter flu season will bring a spike in COVID-19 cases. In addition, news of any new variants of COVID-19 that have resistance to the current batch of vaccines and boosters would likely rattle the market.

    If flu season comes and goes without any major negative COVID-19 headlines, it could be a bullish catalyst for the stock market and a sign the combination of vaccinations and natural immunity has finally reduced COVID-19 risk in the U.S. in a significant way.

    Tax Hikes
    President Joe Biden has proposed several major changes to tax policy that could be market moving. The biggest change would potentially be his proposal to raise the corporate tax rate from 21% to 28%, which would significantly eat into corporate earnings. Biden is also looking to impose a 15% minimum tax on global pre-tax corporate book income for companies with more than $2 billion in net income. In addition, he has proposed raising the top marginal income tax rate on individuals from 37% to 39.6% and taxing capital gains as ordinary income for taxpayers with an adjusted gross income of more than $1 million.

    There’s a high likelihood Biden will be forced to compromise on at least some of his tax proposals. But the timing and the details of the tax policy changes will likely have a big impact on the stock market.

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    The IPOX® Week, November 1st, 2021 https://www.lightspeed.com/active-trading-blog/the-ipox-week-november-1st-2021/ https://www.lightspeed.com/active-trading-blog/the-ipox-week-november-1st-2021/#respond Mon, 01 Nov 2021 06:00:32 +0000 https://www.lightspeed.com/?p=29193 Most IPOX® Indexes record strong monthly gains. Lower U.S. rates and risk big driver. IPOX® EV leads with +20.24% gain. IPOX U.S. (FPX) and IPOX Europe (FPXE) surge, too. A strong month for SPACs: Select deals soar, while 57 new SPACs launch. 88 sizable global IPOs commence trading. More high-profile deals lined up during November... Read more

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  • Most IPOX® Indexes record strong monthly gains. Lower U.S. rates and risk big driver.
  • IPOX® EV leads with +20.24% gain. IPOX U.S. (FPX) and IPOX Europe (FPXE) surge, too.
  • A strong month for SPACs: Select deals soar, while 57 new SPACs launch.
  • 88 sizable global IPOs commence trading. More high-profile deals lined up during November.
  • OCTOBER 2021 Summary:  Most IPOX® Indexes recorded strong gains during October as good average earnings amid mostly lower U.S. rates and a decline in risk (VIX: -29.73%) continued to drive strong investor interest for Developed Markets equities. In the U.S., e.g., the IPOX® 100 U.S. (ETF: FPX) – benchmark for the performance of U.S. IPOs and underlying for the $2.2 billion “FPX” ETF – added +5.96% to +10.62% YTD, in-between the performance of U.S. large- and small-caps, as measured by the S&P 500 (SPX) and Russell 2000 (RTY). Strong gains extended to Markets abroad with the IPOX® Europe (ETF: FPXE) and IPOX® International (ETF: FPXI) adding +5.08% to +10.90% YTD and +2.06% to -4.68% YTD, respectively. Across the somewhat narrower-focused IPOX® Sector Strategies, we note the +7.64% jump in the IPOX® IPO M&A Portfolio (GNDX) and the +20.24% surge in the IPOX® EV Portfolio (IPEV), composed of companies on the cutting edge of energy and technology innovation. In the aftermath of the big declines across China-linked exposure during July and August, IPOX®-linked exposure linked to Asia-Pacific and China traded flat to lower.

    IPOX® Portfolio Holdings in focus: Amid earnings season, big swings across commodity and crypto currency markets and continued significant price consolidation across a broad basket of seasoned global payment processing companies, IPOX® Portfolio Holdings returns diverged sharply during last month: In the IPOX® 100 U.S. (ETF: FPX), e.g., top of the monthly performance list ranked security software maker Cloudflare (NET US: +72.85%), followed by crypto currency exchange operator  Direct Listing Coinbase (COIN US: +40.42%) and P/E-backed global mobile application technology firm AppLovin (APP US: +35.76%). Takeover target Israel-based medical devices and technology provider InMode (INMD US: +18.83%) and Australian digital wealth manager Netwealth (NWL AU: +18.82%) stood out in the IPOX® International (ETF: FPXI), while Nordic-domiciled exposure once again contributed significantly to the strong showing of the IPOX® Europe (ETF: FPXE), including Sweden-domiciled biotech Olink (OLK US: +32.62%), application software maker Cint Group (CINT SS: +31.17%) and private equity firm EQT (EQT SS: +23.66%). Inflation and growth concerns resulting in big currency weakness, as well as regulatory overhang significantly hit select Brazil-linked  exposure, including payment processor PagSeguro Digital (PAGS US: +30.01%), pet food retailer Pet Center Comerica (PETZ3 BS: -19.99%) and wealth management platform operator XP (XP US:  -18.32%).

    IPOX® SPAC INDEX (SPAC):  The index added +2.14% to -7.68% YTD and +37.13% since its 7/30/2020 launch. SPAC IPO activity was brisk with 57 new SPACs launching in the U.S., raising ca. $11 billion, almost doubling from September. SPACs remained efficiently priced, with the average (median) equally weighted deal adding just +0.22% (+0.50%) on the first day with LAIG Investments-backed Enphys Acquisitions (NYFS US) ranking as the largest deal of the month. Only 11 SPACs announced a merger target In October with most focus on Digital World Acquisition (DWAC US: +581.45%). Another deal involved 26 Capital Acquisition (ADER US: +1.65%) with leading Philippines-based casino operator Okada Manila. 17 SPACs approved business combinations include BowX Acquisition with shared office space provider We Work (WE US: +2.10%), Horizon Acquisition with online ticket marketplace Chicago-based Vivid Seats (SEAT US: +36.86%) and Chicago-based VPC Impact Acquisition Holdings with ICE (ICE US: +20.56%)-backed BAKKT (BKKT US: +320.047%). 1 SPAC terminated merger agreement during the month include Spring Valley Acquisition (SV US: +14.61%) with indoor vertical farming firm AeroFarm.

    Select IPOX® Indexes Price Returns 2020 Last mONTH YTD
    IPOX® Indexes: Global/International
    IPOX® Global Super Liquid (IPGL50) (USD) 66.63 3.68 -0.50
    IPOX® International (IPXI) (USD) (ETF: FPXI) 72.15 2.06 -4.68
    IPOX® Indexes: United States
    IPOX® 100 U.S. (IPXO)* (USD) (ETF: FPX) 47.32 5.96 10.62
    IPOX® M&A (GNDX) (USD) n/a 7.64 n/a
    IPOX® ESG (IPXT) (USD) 42.29 4.16 13.18
    IPOX® SPAC (SPAC) (USD) 48.52 2.14 -7.68
    IPOX® EV (IPEV) (USD) n/a 20.24 25.97
    IPOX® Indexes: Europe/Nordic
    IPOX® Europe (IPOE) * (USD) (ETF: FPXE) 35.14 5.08 10.90
    IPOX® Nordic Core (IPND) (EUR) 59.89 7.26 24.39
    IPOX® Indexes: Asia-Pacific/China
    IPOX® Asia-Pacific (IPTA) (USD) 47.50 -1.47 -2.82
    IPOX® China Core (CNI) (USD) 88.02 0.14 -31.50
    IPOX® Japan (IPJP) (JPY) 25.75 -2.43 10.84

    * Basis for CME-traded e-mini IPOX® 100 U.S. Futures (IPOZ1). *also available In UCITS format in Europe in EUR (EFPX IM,), USD (IPXE LN), and GBP (FPX LN).

    GLOBAL Deal-flow Review and Outlook: At least 88 sizeable non-SPAC IPOs launched in October (ex. China A-shares and local India), raising ca. $30 billion and recording an average (median) equally weighted initial return of +10.07% (+4.33%). The U.S. continued to dominate the global IPO deal calendar with 40 IPOs (45.45%) and ca. $13 billion in proceeds raised (43.91%), led by Abu Dhabi-controlled chip maker GlobalFoundries (GFS US: +3.70%), Chinese-owned Swedish car maker Volvo Cars (VOLCARB SS: +23.02%) and SoftBank-backed Norwegian warehouse robotics firm AutoStore (AUTO NO: +7.40%). Other notable deals Include Saudi Arabian alternative energy giant ACWA Power (ACWA AB: +27.50%), ANDOC drilling unit spin-off ADNOC Drilling (ADNOCDRI UH: +29.57%), U.S. coding platform GitLab (GTLB US: +45.71%) and medical device maker PHC (6523 JP: -14.06%), the largest IPO In Japan in 3 years, while high-profile French property group Icade (ICAD FP: -0.00%) health care unit spin-off Icade Sante and Peloton (PTON US: +4.97%) competitor iFit postponed. High profile deals lined up for November include Korean payment services provider Kakao Pay, sustainable shoe maker Allbirds, upscale furniture retailer Arhaus, Amazon-backed EV producer Rivian and fast-growing salad chain unicorn Sweetgreen. Fintech Ebanx and Buffet-backed Financial Nubank are set to go public on the beleaguered Brazil IPO market.

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    The IPOX® Week, October 25th, 2021 https://www.lightspeed.com/active-trading-blog/the-ipox-week-october-25th-2021/ https://www.lightspeed.com/active-trading-blog/the-ipox-week-october-25th-2021/#respond Mon, 25 Oct 2021 06:00:32 +0000 https://www.lightspeed.com/?p=29176 IPOX® Indexes rise across the board. Weak Snap (SNAP US) dents sentiment. IPOX® Europe ETF (FPXE US) celebrates 3-year anniversary, doubling benchmark returns. A week for SPACs: Digital World Acquisition (DWAC US: +842.37%). Autostore (AUTO NO) and Portillo’s (PTLO US) rise on debut. High-profile deals lined up. WEEKLY Summary:  The IPOX® Indexes rose towards month-end,.. Read more

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  • IPOX® Indexes rise across the board. Weak Snap (SNAP US) dents sentiment.
  • IPOX® Europe ETF (FPXE US) celebrates 3-year anniversary, doubling benchmark returns.
  • A week for SPACs: Digital World Acquisition (DWAC US: +842.37%).
  • Autostore (AUTO NO) and Portillo’s (PTLO US) rise on debut. High-profile deals lined up.
  • WEEKLY Summary:  The IPOX® Indexes rose towards month-end, driven by momentum-buying into the broad-based benchmarks, lower equity risk (VIX: -5.34%) and more gains for China-linked stocks (CNI: +4.11%). Declines in U.S. social networker Snap (SNAP US: -28.70%) after reporting mixed quarterly numbers dented strong sentiment into the weekend. In the U.S., e.g., the IPOX 100 U.S. (FPX US) added +0.28% to +10.10% YTD, lagging the U.S. benchmarks. Non-U.S. domiciled exposure tracked in the IPOX® International (FPXI US) performed better when compared to the U.S. counterpart, adding +1.83% to -2.96% YTD. We note big strength in the IPOX® Europe (FPXE US). Driven by gains in select Nordic-domiciled portfolio holdings, the index added +2.98% to +12.46% YTD, +237 bps. ahead of the European market. In IPOX®-linked ETF product news, we are pleased to highlight the 3-year live anniversary of the NASDAQ-listed IPOX® Europe ETF (FPXE US). According to Bloomberg, the “FPXE” ETF has gained +71.64% since it’s October 2018 launch, a massive +3770 bps. ahead of the Vanguard FTSE Europe ETF (VGK US), key gauge for European stocks. In addition, companies pursuing IPO M&A pooled in the IPOX® Growth Infusion Index (GNDX) continued to outperform, adding +2.99% last week.

    IPOX® Europe ETF (FPXE) doubles return of benchmarks since 2018

    IPOX® Portfolio Holdings: Amid earnings, returns diverged sharply. In the U.S., e.g., top of the leaderboard ranked direct listing application software maker Asana (ASAN US: +15.48%), hard-hit health care service provider Oak Street Health (OSH US: +13.97%), biotech Maravai LifeSciences (MRVI US: +13.24%) and perceived Paypal (PYPL US: -10.49%) takeover target social networker Pinterest (PINS US: +10.23%). Abroad, Israel-based integrated shipping services provider ZIM (ZIM US: +12.73%), German Covid vaccine maker BioNTech (BNTX US: +12.38%) and Sweden-based private equity firm EQT (EQT SS: +11.31%), recreational goods maker Thule Group (THULE SS: +11.30%) and online casino software provider Evolution (EVO SS: +10.30%) stood out. Currency weakness amid big macro growth concerns continued to weigh on exposure across Latin America, such as Brazil Fintech XP (XP US: -8.36%) and Pet Center Comerico (PETZ3 BS: -17.80%).

    Select IPOX® Indexes Price Returns 2020 Last WEEK YTD
    IPOX® Indexes: Global/International
    IPOX® Global Super Liquid (IPGL50) (USD) 66.63 1.59 1.15
    IPOX® International (IPXI) (USD) (ETF: FPXI) 72.15 1.83 -2.96
    IPOX® Indexes: United States
    IPOX® 100 U.S. (IPXO)* (USD) (ETF: FPX) 47.32 0.28 10.10
    IPOX® GINDEX™ (GNDX) (USD) n/a 2.99 n/a
    IPOX® ESG (IPXT) (USD) 42.29 0.60 13.04
    IPOX® SPAC (SPAC) (USD) 48.52 1.50 -8.98
    IPOX® Indexes: Europe/Nordic
    IPOX® Europe (IPOE) * (USD) (ETF: FPXE) 35.14 2.98 12.46
    IPOX® Nordic Core (IPND) (EUR) 59.89 3.78 25.44
    IPOX® Indexes: Asia-Pacific/China
    IPOX® Asia-Pacific (IPTA) (USD) 47.50 0.08 -1.79
    IPOX® China Core (CNI) (USD) 88.02 4.11 -28.54
    IPOX® Japan (IPJP) (JPY) 25.75 -1.70 9.66

    * Basis for CME-traded e-mini IPOX® 100 U.S. Futures (IPOZ1). *also available In UCITS format in Europe in EUR (EFPX IM,), USD (IPXE LN), and GBP (FPX LN).

    IPOX® SPAC INDEX (SPAC):  The Index added +1.50% to -8.98% YTD and +35.20% since its 7/30/20 launch. SPAC news include: 1) Only 1 SPAC Announced Merger Agreement as Digital World Acquisition (DWAC US: +842.37%) skyrocketed on its merger with former U.S. President’s Donald Trump social media platform Trump Media & Technology Group. 2) 5 SPACs Approved Business Combinations include: a) BowX Acquisition with workspace shared company WeWork (WE US: +29.51%); b) Seaport Global Acquisition with movie rental company Redbox (RDBX US: 10/25) and c) GS Acquisition II with radiation detection provider Mirion Technologies (MIR US: +0.79%). 3) SPACs reportedly in talks include a) Ares Acquisition with luxury gym operator Equinox and b) SVF Investment 3 with Walmart-backed robotics and automation company Symbotic. 4) 18 new SPACs launched last week In the U.S.

    GLOBAL Deal-flow Review and Outlook: At least 26 IPOs launched across the accessible global regions last week with the average equally weighted IPO adding +18.97% based on the difference between the final offering price and Friday’s close, respectively. Notable offerings included Norway’s warehouse robotics firm Oslo-traded AutoStore (AUTO NO: +18.65%), Chicago-based upscale burger chain Portillo’s (PTLO US: +87.15%) and Coconut water brand Vita Coco (COCO US: -7.00%). Significant deals lined towards month-end include Swedish auto maker Volvo Cars (VOCARB SS), Mubadala-backed chip maker GlobalFoundries (GFS US), investment boutique Pacific Current Group (PAC AU: +1.96%)-backed GQG Partners (GQG AU), data management software developer Informatica (INFA US), ADNOC and OCI joint venture nitrogen fertilizer supplier Fertiglobe (FERTIGLB UH), clean energy storage firm Fluence (FLNC US), online courses provider Udemy (UDMY US) and designer apparel e-commerce platform operator Rent the Runway (RENT US).

    The post The IPOX® Week, October 25th, 2021 appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.

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    Bank Stocks Kick Of Q3 Earnings Season With A Bang https://www.lightspeed.com/active-trading-blog/bank-stocks-kick-of-q3-earnings-season-with-a-bang/ https://www.lightspeed.com/active-trading-blog/bank-stocks-kick-of-q3-earnings-season-with-a-bang/#respond Wed, 20 Oct 2021 06:00:40 +0000 https://www.lightspeed.com/?p=29171 By: Wayne Duggan Big U.S. bank stocks reported impressive numbers in the opening week of Q3 earnings season. Banks have set the table for what could be a reassuring quarter for U.S. investors. Here’s a recap of bank earnings, an overview of S&P 500 earnings trends after 1 week of reporting and a breakdown of.. Read more

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    By: Wayne Duggan

    Big U.S. bank stocks reported impressive numbers in the opening week of Q3 earnings season. Banks have set the table for what could be a reassuring quarter for U.S. investors. Here’s a recap of bank earnings, an overview of S&P 500 earnings trends after 1 week of reporting and a breakdown of what investors might expect in coming weeks.

    Bank Earnings Impress
    Bank of America (NYSE: BAC) was one of the biggest winners of the first week of earnings reports. The bank reported earnings per share of 85 cents and revenue of $22.9 billion. Both numbers exceeded consensus analyst estimates of 71 cents and $22 billion, respectively.

    Goldman Sachs (NYSE: GS) also reported big Q3 numbers driven by an 88% increase in investment banking revenue. Goldman reported $14.93 in adjusted EPS, beating analyst estimates by 46%. Revenue of $13.61 billion also far surpassed analyst expectations of $11.68 billion.

    Citigroup Inc. (NYSE: C), Wells Fargo & Co. (NYSE: WFC), JPMorgan Chase & Co. (NYSE: JPM) and Morgan Stanley (NYSE: MS) also beat analyst estimates for Q3 earnings. In all, 13 S&P 500 financial sector stocks reported earnings last week, and 85% of those companies reported both earnings and revenue beats for the quarter. On average, financial sector earnings have beaten consensus analyst expectations so far by about 13%.

    Hot Start to Earnings Season
    Bank earnings dominated the first week of earnings season, but plenty of other companies reported as well. In fact, a total of 41 S&P 500 companies reported earnings last week, and roughly 2/3 of them (66%) have beaten analyst estimates on both revenue and earnings. These 41 companies have reported Q3 earnings that are 14.7% above consensus estimates so far.

    Analysts are expecting these strong growth trends to continue throughout the remainder of the Q3 earnings season. Analysts are projecting S&P 500 earnings will grow 30% in Q3, while sales increased 15.1% compared to a year ago.

    What To Watch
    Strong bank earnings are a bullish signal about the health of the U.S. economy, but investors still have plenty of unanswered questions that may be addressed in coming weeks as earnings season rolls on.

    Through the first week of earnings season, it’s clear consumer demand in the Q3 was relatively strong. Unfortunately, supply chain disruptions and inflation seem to be pressuring profit margins. Only about 8% of S&P 500 components have reported earnings so far, but net margins are currently tracking about 0.1% below consensus estimates, according to Bank of America. Most companies have said they expect supply chain disruptions to be a temporary phenomenon, but the duration and severity of these disruptions are creating uncertainty for investors. The degree to which disruptions negatively impact Q4 and 2022 guidance could have a major impact on stock prices in the near term.

    Finally, the majority of S&P 500 companies that reported in the first week of earnings season have domestic-centered businesses. Upcoming earnings reports from U.S. multinational companies, particularly those with high exposure to China, should give investors a much clearer picture of the health of the global economy.

    Active Trading with Lightspeed
    Lightspeed provides professional traders with all the tools required to help them find success in stock trading, and we have been developing and honing our active trader platform to offer an optimal user experience. With the intuitive interface layouts and institutional quality stock and options scanners, we aim to help traders reach their goals, no matter what their strategy is. We also offer our clients some of the lowest trading fees in the industry.

    For more information on a professional trading platform with Lightspeed, please call us at 1-888-577-3123, request a demo, or to open an account.

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    The IPOX® Week, October 18th, 2021 https://www.lightspeed.com/active-trading-blog/the-ipox-week-october-18th-2021/ https://www.lightspeed.com/active-trading-blog/the-ipox-week-october-18th-2021/#respond Mon, 18 Oct 2021 06:00:26 +0000 https://www.lightspeed.com/?p=29163 IPOX® Indexes surge and outpace benchmarks. IPOX® 100 U.S. ETF (ETF: FPX) adds +3.22%. IPOX® Europe (ETF: FPXE) propels IPOX® International (ETF: FPXI). IPOX® SPAC adds +0.64%. 10 new SPACs launched in the U.S. last week. Mixed showings of large IPOs. Chicago-based Portillo’s and Enfusion lined up. WEEKLY Summary:  Monthly U.S. Option expiration week and.. Read more

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  • IPOX® Indexes surge and outpace benchmarks. IPOX® 100 U.S. ETF (ETF: FPX) adds +3.22%.
  • IPOX® Europe (ETF: FPXE) propels IPOX® International (ETF: FPXI).
  • IPOX® SPAC adds +0.64%. 10 new SPACs launched in the U.S. last week.
  • Mixed showings of large IPOs. Chicago-based Portillo’s and Enfusion lined up.
  • WEEKLY Summary:  Monthly U.S. Option expiration week and a big sentiment swing in the derivatives-heavy global equity benchmarks amid a strong start to U.S. earnings season left most IPOX® Indexes on top of the weekly global equity indexes performance rankings. Top of the list ranked the IPOX® 100 Europe (ETF: FPXE) which added +4.05% to +9.20% YTD, +127 bps. ahead of the European market last week. In the U.S., the IPOX® 100 U.S. (ETF: FPX), which provides semi-active, FANG-free exposure to broad U.S. innovation themes, added +3.22% to +9.79% YTD, +140 bps. ahead of the S&P 500 (ETF: SPY), benchmark for U.S. stocks. Relative gains extended to non-U.S. domiciled firms tracked

    IPOX® 100 U.S Investing with the “FPX” ETF since 2006

    in the IPOX® International (ETF: FPXI): Helped by a weaker U.S. Dollar and a rally in select small-caps after big earnings, the portfolio added +3.87% to -4.70% YTD. We also note another strong week for the mega-cap tilted and highly liquid IPOX® GINDEX™ (GNDX), benchmark for IPO M&A. The strategy rose for a third week, adding +2.10% last week.

    IPOX® Portfolio Holdings ireview: Rakuten-backed U.S. lending platform operator Upstart (UPST: +25.31%), an IPOX® 100 U.S. (ETF: FPX) portfolio holding, led the list of best performing firms within our universe. This was followed by Australian online wealth management platform operator Netwealth Group (NWL AU: +24.76%) and Israel-based medical devices maker Inmode (INMD US: +18.15%), both members of the IPOX® International (ETF: FPXI). European firms driving some of the strong showing in the IPOX® 100 Europe (ETF: FPXE) included Sweden’s biotech Olink (OLNK US: +18.61%), Swiss semiconductor maker Sensirion (SENS SE: +18.02%) and British biotech Bicycle Therapeutics (BCYC US: +12.40%). Little weighted Norway-based communications platform operator Pexip (PEXIP NO: -26.85%) and British online retailer THG (THG LN: -36.09%) ranked at the bottom.

    IPOX® SPAC INDEX (SPAC):  The index added +0.65% to -10.32% YTD and +32.20% since its 7/30/2020 launch. SPAC news include: 1) 4 SPACs Announced Merger Agreement include: a) 26 Capital Acquisition with Philippine casino resort Okada Manila and b) Redball Acquisition with ticket marketplace SeatGeek. 2) 5 SPACs Approved Business Combinations  include: a) VPC Impact  Acquisitions with  digital assets marketplace Bakkt (BKKT: 10/18); b) Horizon Acquisition with online ticket marketplace Vivid Seats (SEAT: 10/19) and c) Legato Merger with steel producer Algoma Steel (ASTL: 10/18). 3) SPACs reportedly in talks include a) Benessere Capital Acquisition with hydrogen fuel maker ECombustible and b) Provident Acquisition with fintech Hyphen Group4) Spring Valley Acquisition terminated merger with indoor farming firm AeroFarms5) 10 new SPACs launched in the U.S. last week.

    Select IPOX® Indexes Price Returns 2020 Last WEEK YTD
    IPOX® Indexes: Global/International
    IPOX® Global Super Liquid (IPGL50) (USD) 66.63 3.25 -0.43
    IPOX® International (IPXI) (USD) (ETF: FPXI) 72.15 3.87 -4.70
    IPOX® Indexes: United States
    IPOX® 100 U.S. (IPXO)* (USD) (ETF: FPX) 47.32 3.22 9.79
    IPOX® GINDEX™ (GNDX) (USD) n/a 2.10 n/a
    IPOX® ESG (IPXT) (USD) 42.29 3.82 12.37
    EnIPOX® SPAC (SPAC) (USD) 48.52 0.64 -10.32
    IPOX® Indexes: Europe/Nordic
    IPOX® Europe (IPOE) * (USD) (ETF: FPXE) 35.14 4.05 9.20
    IPOX® Nordic Core (IPND) (EUR) 59.89 6.34 20.86
    IPOX® Indexes: Asia-Pacific/China
    IPOX® Asia-Pacific (IPTA) (USD) 47.50 3.68 -1.87
    IPOX® China Core (CNI) (USD) 88.02 1.25 -31.35
    IPOX® Japan (IPJP) (JPY) 25.75 3.63 11.56

    * Basis for CME-traded e-mini IPOX® 100 U.S. Futures (IPOZ1). *also available In UCITS format in Europe in EUR (EPFX IM,), USD (IPXE LN), and GBP (FPX LN).

    GLOBAL Deal-flow Review and Outlook: At least 16 firms commenced trading with the average equally weighted company adding just +2.78% based on the difference between the respective final offering price and Friday’s close. Larger IPOs traded notably mixed during the volatile week for global equities: While U.S. domiciled coding platform operator Gitlab (GTLB US: +49.35%) surged after pricing above-range and renewable energy plants developer ACWA Power International (ACWA AB: +18.75%) rose on the largest IPO in Saudi Arabia since blue chip oil behemoth IPOX® International (ETF: FPXI) holding Aramco (ARAMCO AB: +0.40%), Bain and Mastercard-backed account payable automation software AvidXchange (AVDX US: -6.56%) and medical devices maker PHC (6534 JP: -17.23%), the largest IPO In Japan since Softbank (9434 JP:  +0.73%), finished the week well below their final offering price, respectively. Companies lined up to go public during the upcoming week include Chicago-based high-end burger chain operator Portillo’s (PTLO US) and fintech unicorn application software maker Enfusion (ENFN US). Non-Chicago deals include coconut water brand Vita Coco (COCO US) and Norway’s innovative robotic firm AutoStore (AUTO NO). Amid the big divergence in post-IPO returns, European IPOs lined up include CVC-owned Italian gaming company Sisal, Bridgepoint-backed Burger King UK, Advent-backed industrial parts supplier Rubix, fitness apparel retailer Gymshark and Netherlands-based bitcoin miner Bitfury.

    The post The IPOX® Week, October 18th, 2021 appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.

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    4 Bad Habits That Stock Traders Should Break https://www.lightspeed.com/active-trading-blog/4-bad-habits-that-stock-traders-should-break/ https://www.lightspeed.com/active-trading-blog/4-bad-habits-that-stock-traders-should-break/#respond Wed, 13 Oct 2021 07:00:25 +0000 https://www.lightspeed.com/?p=29151 By: Wayne Duggan Successful stock trading isn’t easy, and every active trader goes through slumps now and again. If you’ve run into a losing streak in your stock trading or if you are struggling to generate the positive trading results you’d like, it may be time to reflect on whether or not you’ve fallen into.. Read more

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    By: Wayne Duggan

    Successful stock trading isn’t easy, and every active trader goes through slumps now and again. If you’ve run into a losing streak in your stock trading or if you are struggling to generate the positive trading results you’d like, it may be time to reflect on whether or not you’ve fallen into some bad trading habits that are hurting your bottom line. Here are 4 common bad trading habits to avoid.

    1. Overtrading
    Every active trader is familiar with the phenomenon of overtrading. You see a great bullish opening trade and enter a long position just as the stock begins to tank. After a 0.5% loss, you’re stopped out of your position. Frustrated, you watch as the stock proceeds to bounce and begins to rise above your previous buy price. You re-enter the long position just to see it once again drop to new lows for the day. You close out your second long position at a loss and enter a short position right as the stock bounces a second time. Within minutes of the open, you’ve just closed out your third losing trade.

    Sometimes the best cure for overtrading is simply taking a break from the market and coming back minutes or hours later with a fresh start. But many times, overtrading is a sign that you are attempting to react to the market emotionally rather than setting and sticking to a set plan or strategy.

    2. Being Impatient
    In an ideal world, a winning stock trade pays off quickly. But just because a trade doesn’t work right out of the gate doesn’t mean your initial idea was wrong. If your thesis hasn’t changed but your trade doesn’t seem to be working, make sure you are giving your trades enough time to play out. Of course, if it becomes clear that your initial thesis has broken down, don’t stick with a clearly broken trade.

    3. Trading Out of Fear of Missing Out (FOMO)
    Just because a stock is making the biggest market move or has the most buzz on social media that day doesn’t mean it makes for a good trading opportunity. In fact, stocks that are big movers and traders on any given day tend to be extremely volatile and unpredictable, often making them difficult to trade. If you look up and see other traders bragging about a stock they bought that is up 50% that day, give their post a like and stick to your own strategy. There’s no shame in staying on the sidelines on a big winner, especially after it’s already made a huge move. FOMO is real, and it shouldn’t dictate your stock trading strategy.

    4. Taking On Too Much Risk
    Taking on too much risk is often a trap traders fall into when they’ve been on a losing streak. When you’re down big and on a 5-trade losing streak, it can be tempting to make 1 big risky trade to recoup all your losses. This type of trading habit is actually a version of the gambler’s fallacy, the belief that you are “due” for a winning trade.

    If you are consistently generating poor returns in your trading, it may also be that you are taking on too much risk relative to the gains you are cashing out on winning trades. If you are closing out losing trades at a 5% loss and closing out winning trades at just a 1% gain, the problem may not be with your trading ideas. Instead it may be with your risk-reward balance.

    Active Trading with Lightspeed
    Lightspeed provides professional traders with all the tools required to help them find success in stock trading, and we have been developing and honing our active trader platform to offer an optimal user experience. With the intuitive interface layouts and institutional quality stock and options scanners, we aim to help traders reach their goals, no matter what their strategy is. We also offer our clients some of the lowest trading fees in the industry.

    For more information on a professional trading platform with Lightspeed, please call us at 1-888-577-3123, request a demo, or to open an account.

    The post 4 Bad Habits That Stock Traders Should Break appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.

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    Understanding the Difference Between Option Volume and Open Interest https://www.lightspeed.com/active-trading-blog/understanding-the-difference-between-option-volume-and-open-interest/ https://www.lightspeed.com/active-trading-blog/understanding-the-difference-between-option-volume-and-open-interest/#respond Wed, 13 Oct 2021 06:00:59 +0000 https://www.lightspeed.com/?p=29149 By: Wayne Duggan When it comes to trading options, understanding the daily market trading activity in a particular contract can be a helpful source of information. Stock traders often use trading volume as an indication of whether a technical breakout is legitimate or whether institutional investors are likely dabbling in a stock. Option traders have.. Read more

    The post Understanding the Difference Between Option Volume and Open Interest appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.

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    By: Wayne Duggan

    When it comes to trading options, understanding the daily market trading activity in a particular contract can be a helpful source of information. Stock traders often use trading volume as an indication of whether a technical breakout is legitimate or whether institutional investors are likely dabbling in a stock. Option traders have 2 metrics to use to understand daily trading activity: option volume and open interest.

    Option Volume
    In the stock market or the options market, volume is a measure of the total number of shares or contracts that have been traded that day. In the stock market, trading volume has no impact on the number of shares of stock that are being traded. However, in the options market, volume in a particular contract can either open or close out outstanding contracts.

    Volume is what makes option prices move up or down. It is also a great way for option traders to gauge the liquidity of a particular contract. The higher the volume, the more liquidity the contract has. Higher liquidity means it is easier to enter and exit positions and the spread between the bid and ask prices will likely be lower.

    Open Interest
    Open interest is a metric that is unique to the options and futures markets. Unlike volume, open interest is a measure of the total number of open option contracts at a particular strike price and expiration date. Volume represents the total activity in a particular contract, but option interest tells traders what type of activity it is.

    When new contracts are opened, open interest rises. When they are closed or liquidated, it falls. Rising open interest is a great indication that money is flowing into a particular contract.  As a general rule of thumb, contracts with open interest of less than 500 contracts may not have enough liquidity to enter and exit easily.

    Potential Trading Signals
    Here’s an overview of some potential volume and open interest trading signals to watch out for:

    • If prices are rising and call contract open interest is also rising, it could be a bullish signal that buyers are establishing new long positions.
    • If prices are rising but call contract open interest is falling, it could be a bearish signal that traders are losing conviction in the bullish trend.
    • If prices are falling but open interest in put contracts is rising, it could be a bearish signal that traders are opening new short positions.
    • If prices are falling but call contract open interest is also falling, call holders may be getting forced out of their positions by margin calls, which could be a bearish short-term indicator but also an indication that a bottom could be near.

    Active Trading with Lightspeed
    Lightspeed provides professional traders with all the tools required to help them find success in stock trading, and we have been developing and honing our active trader platform to offer an optimal user experience. With the intuitive interface layouts and institutional quality stock and options scanners, we aim to help traders reach their goals, no matter what their strategy is. We also offer our clients some of the lowest trading fees in the industry.

    For more information on a professional trading platform with Lightspeed, please call us at 1-888-577-3123, request a demo, or to open an account.

    The post Understanding the Difference Between Option Volume and Open Interest appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.

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    The IPOX® Week, October 11th, 2021 https://www.lightspeed.com/active-trading-blog/the-ipox-week-october-11th-2021/ https://www.lightspeed.com/active-trading-blog/the-ipox-week-october-11th-2021/#respond Mon, 11 Oct 2021 06:00:35 +0000 https://www.lightspeed.com/?p=29143 Big gains in IPOX® heavyweights propel IPOX® 100 U.S. (ETF: FPX) to solid week. Other IPOX® Indexes trade mixed. Strong Dollar weighs on IPOX® International (ETF: FPXI). IPOX® SPAC declines anew, sheds –1.54%. 11 new SPACs launched in the U.S. last week. ADNOC Drilling with successful stock market debut as select deals get pulled. Gitlab.. Read more

    The post The IPOX® Week, October 11th, 2021 appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.

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  • Big gains in IPOX® heavyweights propel IPOX® 100 U.S. (ETF: FPX) to solid week.
  • Other IPOX® Indexes trade mixed. Strong Dollar weighs on IPOX® International (ETF: FPXI).
  • IPOX® SPAC declines anew, sheds –1.54%. 11 new SPACs launched in the U.S. last week.
  • ADNOC Drilling with successful stock market debut as select deals get pulled. Gitlab line-up.
  • WEEKLY Summary:  Amid 1) higher U.S. long-term yields reflecting increasing inflationary expectations., 2) another good week for the U.S. dollar and 3) lower U.S. equity risk (VIX: -11.25%) ahead of monthly U.S. options expiration week and more U.S. earnings, the IPOX® Indexes traded mixed. Driven by big strength in some of its heavyweights, top of the list ranked the FANG-free IPOX® 100 U.S. (ETF: FPX), proxy for the performance of 100 of the largest and best-performing U.S. New Listings by applying the IPOX® Indexes Technology and multithematic yardstick for the most innovative U.S. companies as measured by the dynamic profile of U.S. deal flow. The Index gained +0.60% to +6.36% YTD, slightly shy of the S&P 500 (ETF: SPY), but well ahead of the Nasdaq 100 (ETF: QQQ) and  Russell 2000 (ETF: IWM). Performance  of

    IPOX® 100 U.S Investing with the “FPX” ETF since 2006

    non-U.S. deal flow was more muted with big weakness in select portfolio holdings and more Dollar strength weighing heavily. We note another excellent week in the IPOX® GINDEX™ (GNDX). The mega-cap tilted and highly liquid benchmark for IPO M&A added +1.62% last week, topping the weekly IPOX® Indexes performance rankings.

    IPOX® Portfolio Holdings in review: The most notable upside move belonged to semiconductor maker IPO M&A Marvell Technologies (MRVL US: +8.01%). The top holding in the U.S.-focused $2.0 billion “FPX” ETF with a 9% weight surged after raising growth targets. Moreover, higher oil prices also propelled IPOX® International (ETF: FPXI) heavyweight Riyadh-traded oil behemoth Aramco (ARAMCO AB: +3.19%) to a fresh post IPO-high. Big IPOX® laggards included Brazil payment processor PagSeguro (PAGS US: -30.73%) and the slew of China-domiciled biotech’s Pharmaron (3759 HK: -13.37%), Cansino (6185 HK: -22.04%) and Wuxi Biologics (2269 HK: -11.46%).

    IPOX® SPAC INDEX (SPAC):  The Index fell -1.54% to -10.90% YTD and +32.35% since its 7/30/2020 launch. SPAC news include: 1) 4 SPACs Announced Merger Agreement include: a) FirstMark Horizon Acquisition with internet service provider Starry and b) Supernova Partners Acquisition II with quantum computing company Rigetti Computing2) 3 SPACs  Approved  Business Combinations  include:  a)

    include: a) Industrial Tech Acquisitions with radar company Arbe Robotics (ARBE); b) LifeSci Acquisition II with clinical research software maker Science 37 (SNCE) and c) ACON S2 Acquisition with battery manufacturer ESS Tech (GWH: 10/11). 3) SPACs reportedly in talk include a) Dune Acquisition with online brokerage TradeZero and b) RedBall Acquisition with ticket marketplace SeatGeek4) 11 new SPACs launched last week in the U.S.

    Select IPOX® Indexes Price Returns 2020 Last WEEK YTD
    IPOX® Indexes: Global/International
    IPOX® Global Super Liquid (IPGL50) (USD) 66.63 0.03 -3.56
    IPOX® International (IPXI) (USD) (ETF: FPXI) 72.15 -1.98 -8.26
    IPOX® Indexes: United States
    IPOX® 100 U.S. (IPXO)* (USD) (ETF: FPX) 47.32 0.60 6.36
    IPOX® GINDEX™ (GNDX) (USD) n/a 1.62 n/a
    IPOX® ESG (IPXT) (USD) 42.29 -0.72 8.23
    IPOX® SPAC (SPAC) (USD) 48.52 -1.54 -10.90
    IPOX® Indexes: Europe/Nordic
    IPOX® Europe (IPOE) * (USD) (ETF: FPXE) 35.14 -0.25 4.95
    IPOX® Nordic Core (IPND) (EUR) 59.89 -2.10 13.66
    IPOX® Indexes: Asia-Pacific/China
    IPOX® Asia-Pacific (IPTA) (USD) 47.50 -3.50 -5,35
    IPOX® China Core (CNI) (USD) 88.02 -0.52 -32.20
    IPOX® Japan (IPJP) (JPY) 25.75 -4.00 7.66

    * Basis for CME-traded e-mini IPOX® 100 U.S. Futures (IPOZ1). *also available In UCITS format in Europe in EUR (EPFX IM,), USD (IPXE LN), and GBP (FPX LN).

    GLOBAL Deal-flow Review and Outlook:  At least 15 IPOs launched globally with the average equally weighted deal adding +6.96% based on the difference between the respective final offer price and Friday’s close. Oil giant ADNOC spin-off ADNOC Drilling (ADNOCDRI UH: +30.87%) soared on Abu Dhabi’s largest IPO. Swedish investment firm Storskogen (STORB SS: +4.99%) rose on this week’s largest offer. Canadian software developer Cooperleaf Technologies (CPLF CN: +63.63%) ranked the best performing IPO of the week. Highly-anticipate Peloton competitor NordicTrack maker iFit Health & Fitness, luxury watch retailer Chronext and French healthcare property group Icade Sante postponed scheduled IPO due to market volatility. Saudi Arabian ACWA Power, Swedish business intelligence provider Byggfakta Group, Japanese medial devices maker PHC (formerly Panasonic Healthcare), U.S. coding platform GitLab and London-based telecoms Infrastructure firm IHS among upcoming large IPOs this week. Other IPO news include a) chipmaker GlobalFoundries, online courses provider Udemy, personal finance startup NerdWallet, designer apparel e-commerce platform Rent the Runway, furniture retail chain Arhaus and more filed for U.S. IPO; b) Swedish car maker Volvo on track for Stockholm IPO and c) Italian oil and gas super-player Eni to spin-off gas and power retail and renewable energy unit.

    The post The IPOX® Week, October 11th, 2021 appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.

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