Day: November 9, 2024

STOCK RISES 38 POINTS AFTER ALERT

Costco , Inc. COST today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 

Yesterday, at 10:00 AM on November 8th, a significant trading signal occurred for Costco, Inc. as it demonstrated a Power Inflow at a price of $923.81. This indicator is crucial for traders who want to know directionally where institutions and so-called “smart money” moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Costco’s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Costco’s stock price, interpreting this event as a bullish sign.

Signal description

Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders. 

The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock’s overall direction, powered by institutional activity in the stock, for the remainder of the day. 

By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let’s not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success

If you want to stay updated on the latest options trades for COST Benzinga Pro gives you real-time options trades alerts. 

Market News and Data brought to you by Benzinga APIs and include firms, like Finit USA, responsible for parts of the data within this article.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

After Market Close UPDATE:

The price at the time of the Power Inflow was $923.81. The returns on the High price ($961.84) and Close price ($943.80) after the Power Inflow were respectively 4.1% and 2.6%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite.

Past Performance is Not Indicative of Future Results

President-elect Donald Trump wants to expand the federal death penalty during his second term, including making more individuals eligible for execution.

Trump would target those convicted of crimes such as child rape, drug trafficking, and the killing of law enforcement officers, calling these individuals as “terrible, horrible people” responsible for widespread harm, reported NBC News.

His stance has raised concerns among criminal justice reform advocates and anti-death penalty groups, who fear a revival of the controversial policies from his first term, which saw 13 federal executions, including the first woman executed in nearly 70 years, the report added.

While Trump’s exact plan remains unclear, legal experts warn of significant challenges.

Also Read: Meta CEO Mark Zuckerberg Dodges Personal Liability In Child Social Media Addiction Lawsuits: Federal Judge Cites Lack Of Evidence

Expanding the death penalty to non-murder crimes, such as child rape, would likely require changes in federal law, as a 2008 Supreme Court ruling prohibits the execution of child rapists.

The process of ramping up federal executions also faces logistical hurdles, including securing the necessary lethal injection drugs and dealing with legal challenges that could delay any immediate action.

Despite these obstacles, advocates like Ruth Friedman of the Federal Capital Habeas Project fear that Trump could reinstate execution protocols quickly, potentially reversing Biden-era reforms, NBC News added.

With the Supreme Court’s conservative majority, legal experts suggest that efforts to reinstate and expand the death penalty could gain support, though bipartisan opposition from lawmakers remains a possibility.

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Photo: Shutterstock

Tech mogul Elon Musk was a surprise guest on a phone call between President-elect Donald Trump and Ukrainian President Volodymyr Zelenskyy shortly after Trump emerged as the winner of the presidential race. The call, described as “positive and cordial,” took place as Trump navigated the transition period toward his second term, according to CNN.

Musk was present at Mar-a-Lago, Trump’s private estate in Palm Beach, Florida, when Zelenskyy reached out to offer his congratulations on Trump’s victory, the report read. The brief conversation was seen as an informal yet notable moment during the presidential transition.

Musk’s Role in Ukraine’s Communications Effort

Per CNN, Trump placed the call on speakerphone, during which Zelenskyy expressed his gratitude to Musk for his pivotal role in providing Ukraine with crucial communication infrastructure through Starlink, SpaceX’s satellite internet service. The emergency Starlink receivers, deployed in the early days of Russia’s invasion, have been vital in maintaining Ukraine’s internet connectivity amid ongoing conflict.

A Growing Political Partnership Between Musk and Trump

Musk’s participation in the call was first reported by Axios and later confirmed by several other news outlets. While the conversation did not delve into specific policy issues, Musk’s involvement in the call highlights his growing influence in both business and geopolitical spheres.

Also Read: Putin Congratulates Trump On 2024 Election Victory: Russian Leader Said President-Elect ‘Manly’ For How He Handled Assassination Attempt

Musk, who has donated millions of dollars to support Trump’s presidential campaign and appeared alongside him at public events, has become a key ally of the president. In return, Trump has expressed interest in offering Musk, the world’s richest person, a role in his administration to help streamline government operations and promote efficiency, according to Reuters.

Zelenskyy took to X (formerly Twitter) to congratulate Trump on his victory. “We agreed to maintain close dialogue and advance our cooperation. Strong and unwavering U.S. leadership is vital for the world and for a just peace,” Zelenskyy wrote.

Trump’s Approach to the Ukraine Conflict

Trump, who has previously claimed he could “settle” the war in Ukraine within a single day, reaffirmed his stance on ending the conflict quickly. As president-elect, Trump suggested that he could broker a peace deal even before taking office, though he did not outline a specific plan to achieve this, reported NBC News. During his debate with Vice President Kamala Harris, Trump declined to state whether he wanted Ukraine, a key U.S. ally, to win the war, instead emphasizing the importance of bringing the conflict to an end through negotiation.

See

Also See: Trump Favors Advisors’ Plan To End Ukraine-Russia War If Reelected: Report

Meanwhile, Vice President-elect JD Vance has also weighed in on the issue, suggesting that Ukraine may need to consider ceding some of its territory to help bring the war to a close.

Musk’s involvement in Ukraine’s war effort has been significant. When Russia invaded Ukraine, Musk responded by providing Starlink internet support, a vital lifeline that allowed Ukrainians to stay connected in the face of widespread communication disruptions. The emergency Starlink receivers, part of SpaceX’s satellite network, have been instrumental in keeping both military and civilian networks operational throughout the conflict, NBC News added.

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Photo: Shutterstock

As Donald Trump prepares for a possible second term, former intelligence officials and lawmakers are raising alarms about the future of the U.S. intelligence community under his leadership.

With Trump’s history of contentious relationships with spy agencies, critics worry that the President-elect could further politicize these institutions, using them to serve his personal and political interests rather than their traditional role of safeguarding national security, reported NBC News.

One major concern is the potential appointment of Kash Patel, a former Trump administration official and staunch MAGA loyalist, to a high-level national security post, potentially as CIA director, the report read, citing people familiar with the transition process.

Also Read: DOJ Files Charges In Iranian Plot To Assassinate Trump

Patel, who was previously considered for the deputy CIA director role but faced opposition from career intelligence officers, remains a controversial figure.

Other potential candidates for top intelligence positions include ex-Rep. Devin Nunes (R-Calif.), ex-National Security Adviser Robert O’Brien, Sen. Marco Rubio (R-Fla.), and John Ratcliffe, the former Texas congressman who previously served as Director of National Intelligence under Trump, NBC News added, citing congressional aides and Republican activists.

These figures are viewed as fiercely loyal to Trump and would likely pursue his agenda without question.

The worry is that these appointments could lead to the politicization of intelligence, pressuring agencies to tailor their findings to align with Trump’s political goals.

There is also the risk of intelligence being used to spy on domestic political opponents, a scenario that former intelligence officials warn could undermine the apolitical nature of the CIA and other agencies.

Trump’s history of distrust towards the intelligence community — dating back to his first term — fuels these fears.

Trump has long viewed the intelligence agencies as hostile and politically biased. His supporters, however, argue that his control over these agencies is necessary to ensure they align with his administration’s priorities.

One of the most significant points of contention is the suggestion that Trump may attempt to overhaul the CIA by replacing career civil servants with political appointees.

The Heritage Foundation’s “Project 2025” outlines a plan for Trump to assert more control over the intelligence community by appointing loyalists to key positions. This could potentially lead to a shift in how intelligence is analyzed, creating risks that intelligence could be manipulated or withheld based on political considerations, NBC News added.

Despite these concerns, Trump’s allies argue that his appointments would strengthen the intelligence community and ensure that it carries out his policies effectively.

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A 39-year-old Chinese national, Zijie Li, was arrested on trespassing charges after attempting to access President-elect Donald Trump’s Mar-a-Lago estate, despite a court order barring him from the property.

Li, a student visa holder from suburban Los Angeles, was apprehended Thursday after arriving in an Uber at the estate’s entrance in Palm Beach, Florida, AP News reports.

Since Trump’s victory in the general election, a high-tech robot dog, along with a heightened police presence, has been stationed at his Mar-a-Lago residence, reported NBC News.

He had previously been arrested for similar offenses, including attempts to enter the estate earlier this year. Li is currently being held without bond at the Palm Beach County Jail.

Also Read: Trump Says Big Threats To His Life From Iran: ‘An Attack On A Former President Is A Death Wish For The Attacker!’

Li’s arrest follows a series of troubling encounters with law enforcement and Secret Service agents at or near Mar-a-Lago. His first attempt to breach the estate occurred in July, when he told Secret Service officers he had information linking China to a separate assassination attempt on Trump at a rally in Pennsylvania, AP News added.

After being ordered to leave, he was arrested a week later for trespassing, though he was released on bail with a condition to stay away from Mar-a-Lago.

In October, Li was placed in a mental hospital after approaching a local homeowner near Mar-a-Lago, inquiring about gaining entry to the estate. He was released from the hospital just days before his most recent arrest, which revoked his prior bail, according to the report.

This is not the first time Mar-a-Lago has been the site of unlawful entries. During Trump’s presidency, the estate saw multiple breaches, including two by Chinese nationals.

In one notable incident, Yujing Zhang, a Chinese businesswoman, gained access to the property in 2019 while carrying electronic devices, leading to suspicions of espionage. She was later deported after being convicted of trespassing, the report read.

Despite numerous security breaches, there has been no indication that these incidents were attempts to harm Trump.

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On Wednesday, Donald Trump, the Republican candidate and former president, was elected to the highest office again, marking a return to an administration. His second term is likely to impact U.S. healthcare.

Trump has been unclear about his healthcare policy goals during his campaign. Healthcare ranked lower than issues like the economy and immigration in voter concerns.

A poll from the Associated Press found that only 8% of voters viewed healthcare as their top issue, compared to 39% who chose the economy and 20% who picked immigration. Abortion was the leading issue for 11% of voters.

Also Read: Trump’s Potential ‘Health Czar’ Robert F. Kennedy Jr. Rattles Vaccine Stocks: ‘Shoot First Reaction’

Despite his focus on “Make America Healthy Again,” millions of Americans may lose health insurance subsidies next year, depending on the political climate after the election and the Republicans’ control of the Senate.

The subsidies, expanded under the 2021 American Rescue Plan, help many, particularly the middle class, afford health insurance through the Affordable Care Act (ACA).

These subsidies are set to expire at the end of 2025, and it remains uncertain whether they will be extended under the new administration.

Trump and other Republicans have opposed continuing the subsidies.

The NBC News report, citing some analysts, suggests that the chances of extension could be less than 5% if Republicans win control of the House and the Senate.

Even if Democrats control the House, extending these subsidies seems unlikely. Without an extension, nearly 4 million Americans could lose coverage by 2026 due to unaffordable premiums.

The 2021 changes led to a surge in ACA enrollment, with 15.5 million people benefiting from subsidies across 32 states. The report adds that if the subsidies aren’t renewed, up to 15.4 million Americans could lose health coverage by 2030.

Another significant issue is Trump’s stance on Medicare. As president, he supported Medicare Advantage, a private insurer-run program that could eventually replace traditional, government-run Medicare.

The NPR report highlights that critics argue that expanding private insurers could increase costs for taxpayers and limit care, with some beneficiaries finding it difficult to switch back to traditional Medicare.

Robert Berenson, a former government official, warned that traditional Medicare could “wither on the vine.”

Medicare Advantage grew with the 2003 legislation introducing a drug benefit and expanded private insurers’ role in the program. Although private plans were expected to lower costs, they have been more expensive.

The report also says that in 2023, Medicare Advantage plans cost taxpayers about 6% — or $27 billion — more than traditional Medicare, though some research suggests they offer better care.

The future of healthcare policy in the U.S. will depend on the political dynamics in Congress and Trump’s second term.

With Republicans pushing for major changes to the ACA and Medicare, experts warn of significant shifts in how Americans access and pay for healthcare in the coming years.

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Photo via Shutterstock