Dow Jones Industrial Average, S&P 500, Cboe Market Volatility Index, Goldman Sachs, Afterpay, Space, Retail

Dow Jones Industrial Average, S&P 500

It’s Not Yet Halloween But Witching Could Scare Investors

It's not yet Halloween but witching could scare investors

9/27/2021 10:00:00 AM

It's not yet Halloween but witching could scare investors

Quadruple witching could put a scare in some investors, but retailers are finding ways to help consumers with their financing

Retail Moves from Layaway to Pay at a Later DayRetailers are getting creative when it comes to helping consumers find ways to pay for their products. It used to be your mom would put your husky jeans on layaway and the store would hold them until she could pay them off. But today there are various ways to “pay as you go” or “buy now and pay later” without using a credit card and these trends have led to several mergers.

Congress averts shutdown after party leaders resolve GOP standoff over vaccine mandate Grandmother Hopes Leaving 600 Pounds Of Old Newspapers To Grandson Doesn’t Make His Cousins Jealous Viral Thanksgiving text story inspires Netflix film

On Wednesday I noted that Goldman Sachs (GS) is acquiring GreenSky (GSKY) which offers pay as you go home improvement loans. In August, Square(SQ) agreed to buy installment-payment system Afterpay (APT).  Last week PayPal(PYPL) announced plans to buy Japanese installment-payment company Paidy.

These companies offer different and cheaper avenues for consumers which is why they’re becoming increasingly popular. In fact, Macy’s (M), Bed Bath & Beyond (BBY), and Amazon (AMZN) are all offering their own installment programs. These programs allow the consumer to take their jeans or other items home and pay when they can. headtopics.com

The trend in offering installment plans has grown and has the potential to help consumers get through the upcoming holiday shopping season. Affirm (AFRM) closed 7.13% higher on Thursday as Business Wire highlighted the company’s positioning to help holiday shoppers stay on budget.

The Dow Jones U.S. Retail Index ($DJUSRT—candlestick) has underperformed the S&P 500 (SPX) over the... [+]past year according to the relative strength indicator (RS). The RS (not to be confused with the RSI) compares the prices of the retail index to the price of the SPX. The downtrending nature of the RS line seems to indicate that the retail index is weaker or underperforming the SPX.

Data source: S&P Dow Jones Indices. Chart source: The thinkorswim® platform.Trapper Keepers:Despite the weak performance, back to school shopping appeared stronger than expected as indicated by the surprise in retail sales. Many schools and college campuses are opening which helped sales in the big-box stores like Walmart (WMT) and Target (TGT). Back to school shopping is probably one of those tasks that help people regain some feelings of normalcy.

Many brick and mortar retailers have been hurt by the pandemic but appear to have been given a boost by Thursday’s report. Nordstrom (JWN), Dillard’s (DDS), Gap (GPS), and Kohl’s (KSS) all rallied on the news. However, until consumers no longer feel trapped in their homes, retailers will have to rely heavily on their ability to pull in online shoppers. But, even then, it may be difficult for retailers to get products to consumers because of the broken supply chain.    headtopics.com

Alec Baldwin on 'Rust' shooting: 'Someone is ​responsible ... but I know it's not me' Biden tells Americans 'we have so much ahead of us' during National Christmas Tree lighting NFL suspends three players, including Bucs' Antonio Brown, for violating Covid-19 protocols

Stranded at Sea:Speaking of the supply chain, Business Insider reported on Tuesday that a swell of cargo ships was stuck off the coast of California. The count of 56 ships set a record. Normally, zero to one ship is waiting to be unloaded.Consumers continue to focus on buying products over services which is doubling and tripling the load size of the ships—resulting in longer unloading times. Many forecasters were hoping that Covid policies would relax and consumers would turn their attention to services instead of products which could provide much needed supply chain relief.

Ocean shipping stocks like Textainer (TGH), Star Bulk Carriers (SBLK), and Danaos (DAC) have experienced tremendous demand for their products and services. It’s likely they’ll continue to garner attention until the supply chain is fixed.Ship Shape:Moving on from ocean ships to spaceships, Elon Musk’s SpaceX successfully launched four amateur astronauts into space on its Resilience space capsule. The Inspiration4 mission is scheduled to last three days and could be one giant leap for space tourism.

The successful launch appears to have helped competing space tourism rivalVirgin Galactic (SPCE) which rose more than 3.5% during the day. The Economic Times reported that SPCE already has hundreds of bookings at $200,000 to $250,000 per ticket. Other related stocks such as Astra (ASTR), EHang (EH), Innovative Solutions (ISSC), and Kaman (KAMN) were mixed on the news.

While space tourism is a service outside the reach of many consumers, the ability for these companies to scale in the future may be a big determinant of their success.TD Ameritrade® commentary for educational purposes only. Member SIPC. Read more: Forbes »

Questions I'm Always Asked As A 58-Year-Old Gen Z-er

The Onion brings you all of the latest news, stories, photos, videos and more from America's finest news source.

good

Taliban Says It Wants Women To Join Cabinet—Just Not YetThey will also let girls return to school and women to jobs—just not yet. No one cares. 🥱 As janitor aid I bet Goatf*ckers 🐐🍆

What a Tribal Casino Boss and a Cold-Blooded Killer Have in CommonMichael Greyeyes embodies two very different paths to a Native man’s success. Best of luck to Mr. Greyeyes. It seems like a simple thing to do.

Amtrak Train Derails in Montana, Killing at Least 3As many as 50 people were injured. The cause of the derailment, which sent seven cars off the tracks, is not yet clear. It was you FREDO !!!

Opinion | The Republican Party’s master class in tyranny of the minorityIt’s not the views of all voters that matter to GOP elected officials; it’s only what their base wants. DeanObeidallah America, a trap? So-called successful nations: Egypt: Ruler- Pharaoh, considered one of the most successful former governments of all time, with its amassed wealth. Rome, on the other hand, was a conglomerate of men & was just as successful. Do you agree w/ King or conglomerate? DeanObeidallah It will never end because it is all about the money and they will kill us all as long as they don’t have to pay taxes! DeanObeidallah JoeManchinWV

How Scary Is Midnight Mass, the New Netflix Show by the Creator of Haunting of Hill House?Our highly scientific Scaredy Scale helps you determine whether new movies and TV shows are too frightening for you.

It's Time To Argue Over Whether Or Not These 19 Song Lyrics Are CringeyIt's a thin line between 'cringey' and 'catchy.'