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Benzinga PreMarket Prep 8:00AM ET- 9:00AM ET BenzingaTV on YouTube.
Benzinga PreMarket Prep 8:00AM ET- 9:00AM ET BenzingaTV on YouTube.
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00:00 Let's talk about, I didn't see Siri.
00:02 You meant that Sirius satellite.
00:03 You mentioned that yesterday.
00:05 Talk about the news, talk about the setup and how Market Reader could have helped you
00:10 navigate it.
00:11 Sure, sure.
00:12 Absolutely.
00:13 Can I present?
00:14 Can I share my screen?
00:15 Yeah, I'll stop sharing.
00:16 So yeah, so this was yesterday in Siri, and I'm just bringing up a chart.
00:24 So yesterday, this was, so we have, it looks very confusing.
00:29 These are 10 minute bars, this is an intraday.
00:32 I'll talk about how we generally focus on the daily, but just to kind of point out what
00:36 happened here, yesterday at 7, 10 AM, we got the, we picked up the news about Liberty Media
00:42 Corporation looking to buy a Sirius XM.
00:47 And I don't remember exactly all the details, but our system picked that up and started
00:55 picking up the sensitivity and summarizing it there.
00:58 So basically we're looking at what's happening across news headlines, across social media,
01:05 across articles being shared on the internet, also correlated moods, and trying to pick
01:11 up that the stock is moving and explain why it's moving as quickly as possible and as
01:15 completely as possible.
01:16 And throughout the day, as there's updates, we will keep updating the story as more comes
01:24 out.
01:25 Another way to use it in a morning like this is kind of be like, okay, you were just going
01:30 through a lot of tickers, a lot of charts.
01:32 So what are some charts I should look at this morning?
01:35 Well, this is a great place to get some ideas going.
01:38 We had one, so Costco, obviously we had the summary about Costco earnings.
01:45 We can see how it picked it up yesterday at 4.10.
01:48 So the alert went out, we get news alerts in our system immediately with what happened,
01:55 how did they report, what is being talked about across social media, events, et cetera.
02:01 And a summary this morning about what's moving Costco this morning.
02:06 Another example from this morning that's worth looking at is Nextera Energy Partners, which
02:11 is down 12%.
02:13 They came out with estimations that their growth, forward-looking growth is not as strong
02:18 as they initially anticipated.
02:21 So it's moving down.
02:23 And another way that we kind of are putting explanations on stock moves is that we're
02:30 looking at what other stocks are moving that are correlated.
02:32 So this stock Clearway Energy also down six and a half percent this morning.
02:37 And our system is attributing that to what Nextera Energy Partners came out with.
02:43 So how soon after you get to have your AI or whatever you have doing this, like within,
02:51 how much after the Costco report do you get that disseminate that information?
02:56 So we try to give it a little bit of time because we are trying to collect all the information
03:02 that we can and summarize that for you.
03:04 So worst case, it's like 10 minutes, but at best cases, it's shorter than that.
03:11 And again, as soon as like, we'll alert as soon as we can, and then we'll keep updating
03:15 as more information comes out.
03:17 So on the Costco example, there was more chatter that came through social media about the discretionary
03:25 purchases being lower than expected, yada, yada.
03:27 But overall, a good earnings report overall, but obviously still down.
03:34 So yeah, it's generally, yeah, 10 minutes or sooner.
03:39 We're working on getting that even faster.
03:41 But we need to go and collect that information that is out there in the ether as it were.
03:49 Another example from yesterday, United Foods, bad earnings report, UFI, talk about the news
03:59 dissemination on that and how it could have helped investors.
04:03 But again, that's another one where we get the alert again, 7.20 AM, because we're watching
04:08 the market from 4 AM to 8 PM every day.
04:13 So again, just kind of giving you that alert that this was moving down on lower earnings.
04:21 And again, how we're collecting news, social media, and all that stuff to get you to be
04:28 informed about what's going on.
04:29 So it was down 9% right when the earnings came out.
04:34 And by the end of the day, it was down 26%.
04:38 So continue to go down.
04:40 These smaller stocks can move down a lot.
04:42 So it's kind of giving you that alert is really the important thing.
04:46 And then another thing that we can do like with Costco is, again, you can see more summaries
04:53 here on these cards.
04:55 And this morning, these are all things that our system's picking up this morning.
05:00 So since the previous close at 4 PM yesterday, things that are going on across the market,
05:04 we have overall summaries as well as the individual summaries from the news wires across the internet,
05:10 social media, any events such as earnings or macro events.
05:18 One thing that you can do, I was going to say, one thing you can do is you can click
05:21 on view industry peers and see what else is going on.
05:24 As Dennis mentioned, Walmart not moving at all.
05:27 So we have explanations there.
05:28 But you might see other stocks, our system might attribute the Costco sympathies to it,
05:35 et cetera.
05:36 So it's a nice way to kind of explore what's going on in the market.
05:40 We're working on ways to summarize the global macro view.
05:44 So another way to start my morning is I go to this monitor, which is using all the ETFs
05:49 to kind of get an overarching view of what's moving across the market.
05:52 So I can see equities here on the right, including sectors are generally green.
05:58 They're colored by how unusual their move is.
06:00 So palladium down 2% is an unusual move by this time of day.
06:04 So that's highlighted in red over on the commodities on the far left.
06:07 And again, you can kind of click on if we have an explanation, we don't have explanation
06:11 palladium for SPY.
06:13 We have some summary explanations, but we're also working on broad macro summary.
06:18 So you can come in and read like a paragraph about what's going on, what's moving, what
06:22 events have happened, how the market's responding.