Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

BEHIND THE WALL

Microvision CEO ‘More Confident Than Ever’ in Lidar Battle >>> READ MORE

Sponsored by

  • Home /
  • Today’s Market / Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

TSC and RIVR are leading today’s lists

By William White, InvestorPlace Writer Oct 21, 2021, 7:26 am EDT October 21, 2021

Good morning, investor! We’re getting right into the swing of things today with a look at the biggest pre-market stock movers for Thursday!

top stocks: skyscraper buildings viewed from the ground with Wall Street street sign in the foreground representing Pre-Market Stock Movers.

Source: Shutterstock

News moving shares this morning include an acquisition, clinical trial data, several earnings reports, and more.

Let’s dive into those pre-market stock movers below!

Pre-Market Stock Movers: 10 Top Gainers

  • TriState Capital Holdings (NASDAQ:TSC) stock is soaring more than 25% on news that Raymond James Financial (NYSE:RJF) is acquiring the company.
  • NextPlay Technologies (NASDAQ:NXTP) shares are rising over 22% with the release of its fiscal Q2 2022 earnings report.
  • Fangdd Network Group (NASDAQ:DUO) stock is surging nearly 21% despite a lack of news this morning.
  • InnSuites Hospitality (NYSEAMERICAN:IHT) shares are climbing more than 19% thanks to its fiscal second quarter of 2022 earnings report.
  • Digital World Acquisition (NASDAQ:DWAC) stock is jumping almost 17% on news that former President Donald Trump use the SPAC to take a social media company public.
  • Roivant Sciences (NASDAQ:ROIV) shares are increasing over 15% amid social media chatter.
  • Sio Gene Therapies (NASDAQ:SIOX) stock is gaining 13% after announcing positive data from a Phase1/2 clinical trial.
  • Sesen Bio (NASDAQ:SESN) shares are getting a more than 12% boost as it continues positive movement from FDA news yesterday.
  • Euro Tech (NASDAQ:CLWT) stock is up over 12% with the release of the company’s most recent earnings report.
  • Dunxin Financial (NYSEAMERICAN:DXF) shares are sitting more than 8% higher on no apparent news today.
  • 10 Top Losers

  • RiverNorth Opportunities Fund, Inc. Rights (NASDAQ:RIVR) are diving over 35% this morning.
  • Vicinity Motor (NASDAQ:VEV) stock is taking a more than 9% beating as it continues a recent downward trend.
  • Puhui Wealth Investment (NASDAQ:PHCF) shares are dropping over 8% after gaining on Wednesday.
  • ADMA Biologics (NASDAQ:ADMA) stock is slipping more than 7% after announcing a proposed public stock offering.
  • CooTek (NYSE:CTK) shares are falling over 6% following a rally yesterday.
  • TechnipFMC (NYSE:FTI) stock is dipping roughly 6% after releasing its earnings report for the third quarter of 2021.
  • Camber Energy (NYSEAMERICAN:CEI) shares are decreasing more than 5% after the meme stock rallied on Wednesday.
  • ABB (NYSE:ABB) stock is declining over 5% following the release of its Q3 2021 earnings report.
  • Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) are losing more than 5% of their value this morning.
  • HighPeak Energy (NASDAQ:HPK) stock closes out our pre-market stock movers down almost 5% after announcing a public stock offering.
  • On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

    Article printed from InvestorPlace Media, https://investorplace.com/2021/10/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-oct-21/.

    ©2021 InvestorPlace Media, LLC

    Sponsored Headlines

    More from InvestorPlace

    Behind the Wall: Microvision CEO ‘More Confident Than Ever’ In the Battle for Lidar Dominance

    Market Insight, Financial Articles

    Behind the Wall: Microvision CEO ‘More Confident Than Ever’ In the Battle for Lidar Dominance

    By Joanna Makris Oct 21, 2021

    If History Is Any Indication, Bitcoin Will Surge Past $120k by January

    Best Crypto & Blockchain Right Now

    If History Is Any Indication, Bitcoin Will Surge Past $120k by January

    By Luke Lango Oct 21, 2021

    Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

    Today’s Market

    Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

    By William White Oct 21, 2021

    top stocks: skyscraper buildings viewed from the ground with Wall Street street sign in the foreground representing Pre-Market Stock Movers.

    Source: https://investorplace.com/2021/10/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-oct-21/

    Some investors are putting more money into cryptocurrencies than stocks

    Bitcoin on display.

    Chesnot | Getty Images

    Investors who are bullish on cryptocurrencies are betting more on the digital assets than stocks.

    In September, crypto investors put an average of $263 into accounts dedicated to coins, more than the average $250 they put in traditional brokerages during the month, according to a recent survey from Cardify.

    “Month over month, the amount that users are putting into either crypto or traditional investments have shifted,” said Amber Foucault, head of product at Cardify. So far this year, nearly 25% of the money that investors are putting away is going to cryptocurrencies, a big jump from 5% last year, she added.

    More from Invest in You:
    Here’s why you should holiday shopping start early this year
    Did you blow your budget? Here’s how to get back on track
    Here’s the budget this millennial used to save $100,000 by age 25

    Many of the volatile assets have seen solid performance in recent days. On Wednesday, bitcoin jumped more than 4% to top $66,893.22, an all-time high for the cryptocurrency. The digital asset is up about 130% year to date.

    The asset price was supported by the Tuesday launch of the ProShares Bitcoin Strategy ETF, which tracks bitcoin futures. Other cryptocurrencies have also risen on the positive sentiment. Ethereum jumped about 7% Wednesday to $4,087. XRP and Cardano also gained Wednesday.

    Learning while investing

    The shift towards favoring cryptocurrency over stocks is being driven by novice investors — 70% of those surveyed have been trading the assets for less than a year, according to Cardify.

    Most cryptocurrency investors surveyed wouldn’t consider themselves experts on the digital assets, possibly because some of them are new to the game. A majority said that they only have a limited or moderate understanding of cryptocurrency, despite putting money into different coins.

    “It’s a little scary because we’ve got this whole economic underbelly that’s literally built on FOMO [fear of missing out],” said Foucault, adding that Cardify can see an influx of investment in cryptocurrency when there’s a spike in social media mentions, such as when Elon Musk hosted NBC’s “Saturday Night Live” on May 8.

    Generally, financial experts would advise new investors to do their due diligence before jumping into a risky asset.

    “If you’re seeing what’s going on and you find it exciting but don’t know enough about it to make a decision, continue to educate yourself,” said Douglas Boneparth, certified financial planner and president of Bone Fide Wealth in New York. “Don’t be discouraged; take it as an opportunity to learn more about it to see if it makes sense to you.”

    In September, crypto investors put an average of $263 into accounts dedicated to coins, more than the average $250 they put in traditional brokerages during the month, according to a recent survey from Cardify.

    Source: https://www.cnbc.com/2021/10/20/some-investors-putting-more-money-into-cryptocurrencies-than-stocks.html

    The Fed will change trading rules for officials to keep public’s trust after controversy, Powell says

    Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions.

    Powell added he was not aware of the now-controversial trades made by Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren in 2020 prior to media reports over the past month.

    “We understand very well that the trust of the American people is essential for us to effectively carry out our mission. And that’s why I directed the Fed to begin a comprehensive review of the ethics rules around permissible financial holdings and activity by Fed officials,” he said.

    The central bank’s current rules are “now clearly seen as not adequate to the task of really sustaining the public’s trust in us,” he added. “We need to make changes and we’re going to do that as a consequence of this. This will be a thorough-going and comprehensive review. We’re going to gather all the facts and look at ways to further tighten our rules and standards.”

    Powell said that Fed officials should as a general rule be barred from owning assets that the central bank buys as part of its regular asset purchases and emergency liquidity measures. Asked by CNBC’s Steve Liesman if the Fed knows when its review will be complete, Powell said there is no set timeline.

    “I want to be able to look back on this years from now and know that we rose to meet this challenge,” he said.

    Two weeks ago, financial disclosures filed by the Fed’s 12 regional bank presidents revealed some had traded frequently throughout 2020, while others held million-dollar positions without material changes to their portfolios.

    The Fed on Thursday said Chairman Jerome Powell had ordered a “fresh and comprehensive look at the ethics rules around permissible financial holdings and activities by senior Fed officials.”

    Annual portfolio disclosures released over the past month showed that Kaplan made multiple trades worth $1 million or more in 2020 in individual stocks including Apple, Amazon and Delta Air Lines.

    Rosengren also came under scrutiny after it was revealed he held financial interests in four real estate investment trusts and made several purchases and sales of similar property-owning vehicles.

    He also held stock in Pfizer, Chevron and AT&T with most of his investments worth tens to hundreds of thousands of dollars.

    Filings from Richmond Fed President Thomas Barkin, disclosed little to no trading activity but several financial holdings in excess of $1 million.

    Regional Fed banks are part of the broad Federal Reserve System, but are fairly autonomous.

    Each operates within a specific geographic area, is separately incorporated and has its own board of directors. As such, each regional bank has its own code of conduct.

    The Dallas Federal Reserve Bank’s code of conduct notes that: “An employee is prohibited from using non-public information for any purpose other than Bank business. In addition, an employee may not engage, directly or indirectly, in any financial transaction as a result of, or in reliance on, non-public information, whether such information relates to the Bank or any other person or institution.”

    Further, “An employee with knowledge of Class I FOMC information should avoid engaging in any financial transaction the timing of which could create the appearance of acting on inside information concerning Federal Reserve deliberations and actions.”

    Source: https://www.cnbc.com/2021/09/22/fed-chief-jerome-powell-.html

    Why Nio Stock Moved Higher Today

    Nio shares have taken a hit from macro news recently, but some company-specific developments may be pushing it higher today.

    Howard Smith

    Key Points

    • It is launching in a second European country, and a new battery pack offering may be coming soon.

    What happened

    Nio (NYSE:NIO) shares have been hurt by uncertainty in China along with many other U.S-listed Chinese stocks recently. Nio’s American depositary shares have dropped almost 6% this week. But they are bouncing back today, up almost 3% at the highs of the morning. As of noon EDT, Nio shares remain almost 2% above Tuesday’s closing price.

    So what

    The saga surrounding companies being targeted by Chinese regulators has taken a toll on Nio shares. And most recently, the potential for real estate giant China Evergrande to default on its debt has continued to push down shares in many Chinese companies. But after Nio showcased its upcoming ET7 electric sedan in a video workshop in Germany last week, investors may be looking beyond China and to the launch of the luxury electric vehicle in its second European country next year.

    Nio ES8 electric SUVs lined up to be shipped from China to Norway.

    Nio ES8 electric SUVs about to be shipped from China to Norway. Image source: Nio.

    Now what

    Nio has begun exporting products, with its flagship ES8 SUV going to Norway, to be followed next year by its new ET7 luxury sedan. And CEO William Li says, “Our target is to have ET7 in Germany by the end of 2022,” according to online industry publication InsideEVs. The expansion outside of China is welcome news for investors, who hope growth will justify the company’s lofty valuation. Even with the drop in value this week, Nio trades at a market cap of almost $60 billion.

    Another potential catalyst may come soon, as a Chinese new energy vehicle industry publication reported today that Nio may be releasing a new 75kWh battery pack as soon as tomorrow. CnEVPost said the new hybrid battery is expected to be released at a a battery technology communication meeting being held by Nio tomorrow. It reported that the battery could cost less, and have a bigger range, than the current 70kWh version.

    The company-specific reports coming out seem to have provided a reversal of the recent downtrend in Nio shares. Though investors should remember that an investment carries much risk, including Chinese government uncertainty, execution, and valuation.

    This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

    Howard Smith owns shares of NIO Inc. The Motley Fool owns shares of and recommends NIO Inc. The Motley Fool has a disclosure policy.

    “> Motley Fool Returns

    Stock Advisor S&P 500

    604% 134%

    Join Stock Advisor

    Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.

    Stock Advisor launched in February of 2002. Returns as of 09/22/2021.

    Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return Motley Fools Stock Advisor has out performed the market by over 200% over the last 18 years

    Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

    Related Articles

    Nio ES8 electric SUVs lined up to be shipped from China to Norway.

    Source: https://www.fool.com/investing/2021/09/22/why-nio-stock-moved-higher-today/

    Top 7 Cryptocurrencies that Gained More than 100% in 2021

    Cryptocurrencies

    Check out the top 7 cryptocurrencies whose value has increased more than 100% in 2021.

    Every investor today thinks of cryptocurrencies because of their volatile prices. Bitcoin is the first coin that comes to our mind when talking about crypto but a true investor will know the value of other cryptos as well. It’s not only bitcoin but other cryptocurrencies as well that have gained more than 100% in the crypto market. Let’s take a look at the top 7 cryptocurrencies that have gained more than 100% in 2021.

    1. Bitcoin (BTC)

    Market cap: Over $856 billion

    Like most of the other cryptocurrencies, BTC operates on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Bitcoin is the most popular and the highest valued crypto in the world, despite all its cons, if you have the funds to invest, buy Bitcoins. There’s no doubt about its growth and it’s a loyal option for many investors globally. Five years ago, you could buy Bitcoin for about $500. As of August 2021, a single Bitcoin’s price was over $45,000. It has gained about 8,900%.

    2. Ethereum (ETH)

    Market cap: Over $357 billion

    After Bitcoin, this is the second most valuable crypto coin in the world. Both a cryptocurrency and a blockchain platform, Ethereum is the first one to introduce NFTs and smart contracts that automatically perform when conditions are met enabling developers to make potential applications based on it. The transaction speed of Ether is also pretty quick compared to Bitcoin.

    Ethereum has also experienced tremendous growth. In just five years, its price went from about $11 to over $3,000, increasing roughly more than 27,000%.

    3. Binance Coin (BNB)

    Market cap: Over $70 billion

    The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchange platforms in the world.

    Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing, or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin. Its price in 2017 was just $0.10; by August 2021, it had risen to over $419, a gain of almost 419,000%.

    4. Cardano (ADA)

    Market cap: Over $69 billion

    Ethereum’s co-founder created Cardano with the ability of smart contracts. Compared to Ether, Cardano has the 3rd most advanced blockchain technology out of the lot, which makes this a secure investment. Cardano is notable for its early acceptance of proof-of-stake validation.

    Cardano’s ADA token has had relatively medium growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of August 2021, its price was $2.11. This is an increase of over 10,000%.

    5. Ripple (XRP)

    Market cap: Over $52 billion

    Ripple was created with a unique thought in mind, to solve problems related to international payment transfers. Traditionally, international money transfer takes about a week but Ripple can make it happen in a few seconds. Out of all the cryptocurrencies right now, Ripple is one of the few that is being tested for real-world use.

    At the beginning of 2017, the price of XRP was $0.006. As of August 2021, its price reached $1.14, equal to a gain of almost 19,000%.

    6. Dogecoin (DOGE)

    Market cap: Over $40 billion

    Dogecoin has been a hot topic since the tweet by a billionaire, Elon Musk. Dogecoin rapidly became a prominent cryptocurrency option, because of the creative memes. Unlike many other cryptos, such as Bitcoin, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.

    Dogecoin’s price in 2017 was $0.0002. By August 2021, its price was at $0.31—a 154,900% increase.

    7. Polkadot (DOT)

    Market cap: Over $25 billion

    Cryptocurrencies may use any number of blockchains; Polkadot aims to integrate them by creating a cryptocurrency network that connects the various blockchains so they can work together. This integration may change how cryptocurrencies are managed and have stimulated magnificent growth since Polkadot’s launch in 2020.

    Between September 2020 and August 2021, its price grew 774%, from $2.93 to $25.61.

    Source: https://www.analyticsinsight.net/top-7-cryptocurrencies-that-gained-more-than-100-in-2021/

    US SEC Issues Warning on Crypto Investment Scams Citing ‘Some Investors May Have FOMO’ – Regulation Bitcoin News

    The U.S. Securities and Exchange Commission (SEC) has issued a warning about fraudulent investment schemes involving cryptocurrencies. The regulator notes that some investors may have fear of missing out (FOMO) given the rise in prices of some crypto assets in recent years.

    SEC Warns Investors of Crypto Scams

    The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) and Division of Enforcement’s Retail Strategy Task Force (RSTF) issued an Investor Alert on crypto investment scams last week.

    The notice explains that “Fraudsters continue to exploit the rising popularity of digital assets to lure retail investors into scams, often leading to devastating losses,” adding:

    Some investors may have FOMO [fear of missing out], given the rise in price of some digital assets in recent years, that they will miss an opportunity to become very wealthy.

    The notice outlines some warning signs of a scam. “Guaranteed high investment returns … with little or no risk” is a classic warning sign of fraud. Fraudsters may even post bogus historical returns on their websites to show high investment returns, the SEC detailed.

    Another sign is that sellers are unlicensed or unregistered. The SEC stated that “Unlicensed, unregistered sellers commit much of the securities fraud targeting retail investors in the U.S.”

    In addition, fraudsters often fabricate investment returns to entice investors. The SEC also warned that “If an investment ‘opportunity’ sounds too good to be true, it probably is.”

    Lastly, the notice warns of “fake testimonials.” The SEC emphasized that investors should never rely solely on testimonials when making an investment decision, elaborating:

    Fraudsters sometimes pay people – for example, actors to pose as ordinary people turned millionaires, social media influencers, and celebrities – to tout an investment on social media or in a video.

    What do you think about this SEC warning about crypto scams? Let us know in the comments section below.

    Image Credits: Shutterstock, Pixabay, Wiki Commons

    The notice explains that “Fraudsters continue to exploit the rising popularity of digital assets to lure retail investors into scams, often leading to devastating losses,” adding:

    Source: https://cyburcoin.com/2021/09/us-sec-issues-warning-on-crypto-investment-scams-citing-some-investors-may-have-fomo-regulation-bitcoin-news/

    market analysis: Inflation numbers, new listings among key factors that will drive market this week – New York Digital News

    New Delhi: Domestic equity markets witnessed lacklustre trade in a holiday-curtailed week, but benchmark indices ended higher, posting mild gains.

    BSE Barometer Sensex and its NSE counterpart Nifty50 added up 0.3 per cent each, whereas BSE midcap and smallcap indices added over a per cent each.

    Indian indices failed to maintain the momentum they witnessed during the previous week as volatility remained high due to weak global markets and the absence of any fresh domestic cues to lift the market further, said Vinod Nair, Head of Research at Geojit Financial Services.

    “However, broader markets showed resilience and outperformed the benchmark. Increasing Covid cases across the globe added to the market worries,” he added.

    This week, market momentum is likely to be provided by Inflation numbers of India and the United States. The shortage of semiconductor chips may dent sentiments for RIL and auto. IPO listing and the new issues will also be the focus of investors at Dalal Street.

    Here are the key factors that may steer the market going ahead:

    Inflation numbers

    The National Statistical Office (NSO), under the Ministry of Statistics will release India’s inflation numbers for August this week.

    The Consumer Price Index (CPI) numbers will be released on Monday, whereas the wholesale price index (WPI) numbers for food, fuel and manufacturing will be declared on Tuesday.

    India’s Wholesale Price Index in July 2021 eased to 11.16 per cent YoY as it finally fell below 12 per cent after seeing a record high in May. Similarly, consumer prices rose 5.59 per cent in July from the same month last year.

    Last week, Reserve Bank of India Governor Shaktikanta Das said that during the Covid pandemic, the central bank’s focus was primarily on reviving growth and inflation targeting did not pivot on the 4 per cent medium-term aim, but rather the 2-6 per cent band that the government has set for the Monetary Policy Committee.

    US economic data

    The United States, the world’s largest economy, will announce its key Core Consumer Price Index (CPI) for August. Core retail sales numbers will also be announced, which is a key indicator of consumer spending.

    It will also announce the initial jobless claims, measuring the new unemployment insurance during the week. A higher reading can jitter the sentiments. The number of Americans seeking unemployment benefits fell last week to 310,000, a pandemic low.

    Two listings

    Come Tuesday and Dalal Street will witness the listing of shares of Ami Organics and Vijaya Diagnostic Center. Both the issues were open for subscription from September 1 to 3.

    The Rs 570-crore IPO of Ami Organics was subscribed by 64.54 times and the company sold its shares in the price band of Rs 603-610 per share. The Rs 1,895-crore IPO of Vijaya Diagnostic’s received 4.54 times subscription for a price band of Rs 522-531.

    A new IPO

    The Bengaluru-based auto component maker Sansera Engineering’s IPO will hit Dalal street in the coming week. The Rs 1,283 crore IPO can be subscribed between September 14-16 at a fixed price band of Rs 734-744 apiece.

    The issue is a pure offer for sale of 17,244,328 shares by its existing shareholders and promoters. Investors can bid for a minimum of 20 equity shares and in multiples of 20 equity shares thereafter.

    Chip shortage troubles

    The semiconductor chip shortage has put most industries, especially the auto sector, on a bumpy road. This chip shortage has delayed the launch of the JioPhone Next, apart from hurting the automobile production.

    According to industry body Society of Indian Automobile Manufacturers (SIAM), the wholesale figures for the auto sector declined 11 per cent to 15.87 lakh units as global semiconductor shortage weighed down production.

    Spread of the Delta variant

    The widespread Delta variant scare across the globe may lead to some profit booking in the equity market as the scare may lead to concerns over economic recovery.

    Covid-19 resurgence could force economies to shut down again. Market participants would not like the hiatus in the equity bull run.

    Technical Outlook

    “Nifty 50 index, after the recent sharp rise, has been witnessing a bit of a slowdown around the key rising resistance line. Major global indices also seem to be reverting to their short-term mean. So a mild pullback by our index towards short-term averages cannot be ruled out,” Samco Securities Research

    The trend continues to remain bullish and traders are advised to initiate long positions only around dips to minimize the risk of being capitalized at extreme levels. Immediate support on the downside is now placed at 16,500, it added.

    Source: https://newyorkdigitalnews.org/2021/09/12/market-analysis-inflation-numbers-new-listings-among-key-factors-that-will-drive-market-this-week/

    NBA World Reacts To DeAndre Jordan Trade News

    Brooklyn Nets v Portland Trail BlazersPORTLAND, OREGON – MARCH 23: DeAndre Jordan #6 of the Brooklyn Nets reacts during warm ups before the game against the Portland Trail Blazers at Moda Center on March 23, 2021 in Portland, Oregon. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Steph Chambers/Getty Images)

    The Brooklyn Nets are reportedly trading veteran center DeAndre Jordan, four future second-round picks and $5.78 million to the Detroit Pistons in exchange for Jahlil Okafor and Sekou Doumbouya.

    The Pistons plan to work through a buy-out on Jordan’s current two-year, $20 million contract money owed. The Nets will save $47 million in salary on the deal, per ESPN NBA insider Adrian Wojnarowski.

    ESPN Sources: Brooklyn is trading C DeAndre Jordan, four future-second round picks and $5.78M to Detroit for Jahlil Okafor and Sekou Doumbouya. Pistons plan to work through a buyout on two-years, $20M owed Jordan; Nets will save $47M in salary and tax on deal.

    — Adrian Wojnarowski (@wojespn) September 3, 2021

    The Nets recently signed veteran forward Paul Millsap and big man LaMarcus Aldridge after he cleared necessary medical evaluations earlier this week. With less of a need for veteran big-man talent down low, the Nets can use the money saved on Jordan’s contract to go after future mid-level free agent options.

    After joining the Brooklyn organization prior to the 2019-20 season, Jordan had a solid year in his first campaign with the team, averaging 8.3 points and 10.0 rebounds per game. With the arrival of his former Clippers teammate Blake Griffin midway through the 2020-21 season, Jordan’s production dropped to 7.5 points and 7.5 rebounds per game.

    In addition to the money saved with this trade, the Nets also receive an exciting young player in Sekou Doumbouya. Selected with the No. 15 pick in the 2019 draft, the 20-year-old power forward has averaged 5.6 points and 2.8 rebounds through 17.3 minutes per game over the last two seasons.

    As one of the youngest teams in the NBA, the Pistons should benefit from some veteran leadership in Jordan.

    NBA fans and analysts from across the league took to Twitter to react to this trade.

    A trade always seemed to be 8n the cards for #Pistons to open a roster spot. This seems to be a good deal to get future capital and potentially nope a couple of roster spots. https://t.co/BL91mH96Er

    — Rod Beard (@detnewsRodBeard) September 3, 2021

    Saving 47M in this trade is a W alone https://t.co/jWMY5mtg0K

    — Myk 👹 (@mykol__) September 3, 2021

    I guess they are concerned about tax savings after all. Twitter has been telling me otherwise. https://t.co/fWN4gZjB8a

    — Anthony Duckett (@a_duckett) September 3, 2021

    Hope things work out for Sekou. Still only 20 years old. https://t.co/rFusUQT4UD

    — Rᴏɴ Tᴇʀʀᴇʟʟ (@RonTerrell) September 3, 2021

    The Timberwolves had interest in Sekou Duombouya out of the 2019 Draft. They tried trading back in to the late lottery for him after trading up for Culver.

    Will be interesting to see if Duombouya stays in Brooklyn or if he’s on the move. https://t.co/AyQHDzJTgd

    — Dane Moore (@DaneMooreNBA) September 3, 2021

    Doumbouya could even be an interesting prospect for #Nets. #Pistons giving up on him. https://t.co/8ZDQMWKoF5

    — Shlomo Sprung (@SprungOnSports) September 3, 2021

    Troy Weaver has now completed wiped the Pistons roster he inherited. Sekou Doumbouya is gone.

    Detroit is getting four second-round picks to take on DeAndre Jordan’s contract. https://t.co/B4dDBo56VY

    — Brad Galli (@BradGalli) September 3, 2021

    The #Nets had been trying to move DJ for some time, to no avail. They’d tried attaching a first round pick. Finally got done, using seconds and cash, but actually getting a return. #nba https://t.co/BhVcdSq7pA

    — Brian Lewis (@NYPost_Lewis) September 3, 2021

    Smart move by Brooklyn not going in the direction of a buyout.

    Dead cap space (over 5 seasons) is the last thing you want on your cap ledger especially with the repeater tax looming in 2023-24.

    Brooklyn can now invest the savings into using the full tax ML and buying picks. https://t.co/tc1OpMJj3u

    — Bobby Marks (@BobbyMarks42) September 3, 2021

    The Nets continue to make moves this offseason as they gear up for a title run in 2021-22.

    Source: https://thespun.com/more/top-stories/nba-world-reacts-deandre-jordan-trade-news

    (V1) Still Looking For Gains


    September 02, 2021 06:16 GMT

    WTI TECHS

    Sign up now for free access to this content.

    Please enter your details below and select your areas of interest.

    Areas of interests

    Market News may contact you in your professional capacity with information about our other products and services that we believe may be of interest to you. You will be able to update your communication preferences via the unsubscribe link provided within your communication.

    • RES 4: $71.85 – Bear channel top drawn from the Jul 6 high
    • RES 3: $71.29 – High Aug 3
    • RES 2: $70.74 – 764.% retracement of the Jul 30 – Aug 23 sell-off
    • RES 1: $69.64 – High Aug 30
    • PRICE: $68.26 @ 07:00 BST Sep 2
    • SUP 1: $66.92/65.41 – Low Aug 25 / Low Aug 24
    • SUP 2: $61.74 – Low Aug 23 and key support
    • SUP 3: $60.81 – 1.236 proj of the Jul 6 – 20 – 30 price swing
    • SUP 4: $60.68 – Low May 21

    WTI futures remain bullish and the contract is holding onto recent gains. The recovery from the Aug 23 low defined a key short-term support at $61.74, Aug 23 low where a break is required to reinstate a bearish theme. Short-term, further gains are likely and the focus is on $70.74, a Fibonacci retracement. On the downside, initial support lies at $66.92, the Aug 25 low. A break would be seen as an initial bearish threat.

    • RES 4: $71.85 – Bear channel top drawn from the Jul 6 high
    • RES 3: $71.29 – High Aug 3
    • RES 2: $70.74 – 764.% retracement of the Jul 30 – Aug 23 sell-off
    • RES 1: $69.64 – High Aug 30
    • PRICE: $68.26 @ 07:00 BST Sep 2
    • SUP 1: $66.92/65.41 – Low Aug 25 / Low Aug 24
    • SUP 2: $61.74 – Low Aug 23 and key support
    • SUP 3: $60.81 – 1.236 proj of the Jul 6 – 20 – 30 price swing
    • SUP 4: $60.68 – Low May 21

    Source: https://marketnews.com/v1-still-looking-for-gains

    Cryptocurrencies Price Prediction: Bitcoin, Polygon and VeChain – European Wrap 31 August

    Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC and alts could go on rollercoaster ride

    Bitcoin price is currently experiencing a choppy action, while Ethereum and Ripple prices are undergoing consolidation. However, ETH and XRP might have a higher return than the big crypto since they are coiling up at crucial levels and might experience a potential upswing.

    BTC/USDT 6-hour chart

    MATIC Price Prediction: Polygon hangs by a thread

    Polygon (MATIC) is on the verge of breaking lower as buyers try to support price action at $1.32. Buyers have two good reasons to get in here. The volume, however, shows buyers are not convinced that this is the right time.

    MATIC/USD daily chart

    VeChain Price Prediction: VET readies itself for 20% gains

    VeChain price has seen its volatility dry up over the past two weeks as the sell-off continued. Although this development was bearish in the short term, it could become a precursor for a massive upswing.

    VET/USDT 4-hour chart

    Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

    If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

    FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

    The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

    Source: https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-bitcoin-polygon-and-vechain-european-wrap-31-august-202108311409