Stocks And Oil Drop Following Weak Job Report

investing.com2021-08-05

It was a strange day for the market that started with a big miss on theADP job report. The ADP has been spotty since the start of the pandemic at predicting theBLS job reportthan it had been prior. ...

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Comments

dandan_4896
2021-08-05
dandan_4896
Not bad, the HR
JonLucky
2021-08-05
JonLucky
Unfortunately, this weak job report is expected to be a terrible job report very soon...
- dandan_4896:
  Not bad, the HR
madelinewan
2021-08-05
madelinewan
Great!
ApplePP
2021-08-05
ApplePP
Pls help to like thanks!
xiaoace
2021-08-05
xiaoace
[開心]
KengHoon
2021-08-05
KengHoon
Like please
- WB13:
  ok

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The ADP has been spotty since the start of the pandemic at predicting theBLS job reportthan it had been prior. ...</p>\n\n<a href=\"https://www.investing.com/analysis/stocks-and-oil-drop-following-weak-job-report-200596244\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ROKU","symbol_name":"Roku Inc","start_time":0,"source_url":"https://www.investing.com/analysis/stocks-and-oil-drop-following-weak-job-report-200596244","article_id":"1112364674","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112364674","pubTimestamp":1628149727,"columns":[],"sourceInfo":{"source_id":"lsy1594375853987","name":"英为财情Investing"},"weMediaInfo":null,"summary":"It was a strange day for the market that started with a big miss on theADP job report. The ADP has b","collect":0,"end_time":0,"defaultTopTitle":"investing.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ROKU":"Roku Inc",".SPX":"S&P 500 Index","ACAD":"阿卡迪亚","RSP":"平均加权指数ETF-Rydex S&P"},"translate_title":"疲弱的就业报告后，股市和油价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".SPX":0.9,"ACAD":0.9,"CLmain":0.9,"ROKU":0.9,"RSP":0.9},"content_text":"It was a strange day for the market that started with a big miss on theADP job report. The ADP has been spotty since the start of the pandemic at predicting theBLS job reportthan it had been prior. Overall the trends tend to follow one over time, but month to month, it is iffy. So I think it would be tough to say that today’s ADP report is a clear negative for the BLS report. In fact, the April ADP report had a strong reading, and the BLS was weak. So what needs to consider here is that BLS outperformed the ADP in February and March, and ADP outperformed the BLS in April and May, so it seems entirely possible that the BLS outperforms the ADP in June and July.\nNon-Farm Payroll - ADP Chart\nBut when you look at them on a 4-month moving average, you can see how they come together rather nicely. In fact, a print of up to 1 million jobs in the BLS report would keep things fairly even as they are right now. So, just because the ADP report was a miss, one should not count on the BLS report missing.\nNon-Farm Payroll - ADP Chart\nS&P 500 EW\nThe ISM-services index came in hotter than expected, which was a surprise. So overall, the message today on the economy was a push, and it resulted in yields trading sideways and the S&P 500 trading lower some. However, the Guggenheim S&P 500 Equal Weight ETF was down nearly 1%, and the ETF is getting very close to breaking a major trend line. This needs to be watched very closely. SINCE MAY, the ETF has essentially gone nowhere, and now it is showing some serious signs of weakness.\nRSP Daily Chart\nOil\nOil is weakening too, and if it should continue, worries over inflation will vanish very quickly. Oil is the key driver to most inflation indexes, and where oil prices go, so too do those indexes.\nWTI Crude Oil Daily Chart\nRoku\nRoku Inc shares tanked after hours, after their active account number scrumbled, with just 1.5 million new accounts. Even more shocking is that now Roku is losing money on their streaming players, posting negative profits for the segment due to higher costs. Meanwhile, streaming hours declined. Overall, a weak number in terms of accounts and hours, which at the end of the day is what drives revenue. Basically, that $36.46 in the ARPU translate to something like $3 and change a month per account in revenue since the company looks at ARPU on a trailing-twelve-month basis. Anyway, the stock found support at $385, but really this should go even lower. One can wonder now if it has formed a double top too.\nThe valuation is insanely high, much more than it should be, and it seems as if the trends are now turning. I mean, Netflix (NASDAQ:NFLX) had disappointing numbers and guidance. Was Roku really going to be an outlier?\nRoku Inc 4-Hr Chart\nAcadia\nACADIA Pharmaceuticals reported disappointing second-quarter results with revenue missing estimates. Not what you want to see. Additionally, the Type A meeting came and went, and truthfully, I have no idea what the actual conclusion was. I can’t explain the frustration and confusion I have from this. How did the DRP study even get to this point if the FDA tells Acadia now they should be looking at sub-group. Why didn’t the FDA bring this up one time over the past 4 years? Somewhere, someone is not transparent.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":899926638,"gmtCreate":1628153365524,"gmtModify":1703502192367,"author":{"id":"3576232257279797","authorId":"3576232257279797","name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3576232257279797","authorIdStr":"3576232257279797"},"htmlText":"Not bad, the HR","listText":"Not bad, the HR","text":"Not bad, the HR","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899926638","repostId":1112364674,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899962618,"gmtCreate":1628152782934,"gmtModify":1703502179912,"author":{"id":"3573703375513385","authorId":"3573703375513385","name":"JonLucky","avatar":"https://static.tigerbbs.com/15afb66e92e4e4d6d1a8e9b7854e9d5e","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3573703375513385","authorIdStr":"3573703375513385"},"htmlText":"Unfortunately, this weak&nbsp;job report is expected to be a terrible job report very soon...","listText":"Unfortunately, this weak&nbsp;job report is expected to be a terrible job report very soon...","text":"Unfortunately, this weak job report is expected to be a terrible job report very soon...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899962618","repostId":1112364674,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5434724,"gmtCreate":1628153373884,"gmtModify":1663231964964,"authorId":3576232257279797,"author":{"id":3576232257279797,"idStr":"3576232257279797","authorId":3576232257279797,"name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899962618,"type":1,"supId":0,"prevId":0,"content":"Not bad, the HR","text":"Not bad, the HR","html":"Not bad, the 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help to like thanks!","listText":"Pls help to like thanks!","text":"Pls help to like thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899988464","repostId":1112364674,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899980007,"gmtCreate":1628151525309,"gmtModify":1703502156519,"author":{"id":"3579872518315300","authorId":"3579872518315300","name":"xiaoace","avatar":"https://static.tigerbbs.com/4a66892271adfc54b4e9dc0159e0f2ee","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3579872518315300","authorIdStr":"3579872518315300"},"htmlText":"[開心]&nbsp;","listText":"[開心]&nbsp;","text":"[開心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899980007","repostId":1112364674,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":899911597,"gmtCreate":1628151005419,"gmtModify":1703502149526,"author":{"id":"3583817878750204","authorId":"3583817878750204","name":"KengHoon","avatar":"https://static.tigerbbs.com/630bb3f646c71788964156b7feec11db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583817878750204","authorIdStr":"3583817878750204"},"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899911597","repostId":1112364674,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5434447,"gmtCreate":1628151545799,"gmtModify":1663231964148,"authorId":3573351657200487,"author":{"id":3573351657200487,"idStr":"3573351657200487","authorId":3573351657200487,"name":"WB13","avatar":"https://static.tigerbbs.com/c32eff74d0ce173f7e10df861c0ee416","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899911597,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":61,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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