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- Protesters Target Elon Musk đźš—
Protesters Target Elon Musk đźš—
Ryan Serkes
February 19, 2025
The
Daily Trade
Hey Daily Traders,
Protesters in San Francisco have voiced their discontent with Elon Musk by rallying outside a Tesla showroom, urging individuals to sell their Teslas and stocks. This demonstration, backed by 'Tesla Takedown' and featuring figures like Sheryl Crow, underscores the growing public dissatisfaction with Musk's political ties and influence.
Meanwhile, KFC's decision to relocate its corporate headquarters from Kentucky to Texas marks a strategic shift by Yum Brands to foster brand collaboration and growth. Despite local disappointment, Yum Brands plans to maintain a presence in Louisville, signaling a commitment to balancing corporate strategy with community relations.
Here's what's happening today:
- đźš— Protesters rally against Musk in San Francisco.
- 🍗 KFC moves HQ from Kentucky to Texas.
- 🏢 Brooklyn's tallest Passive House building announced.
- 🏠Michigan offers $25K for first-gen homebuyers.
- đź’¸ Exodus fails to acquire Banxa Holdings.
Question
What are your thoughts on the protest against Elon Musk in San Francisco—do you believe CEOs should be held accountable for their political associations, or is this overstepping?
Reply to this email with your answer
Stock Market In San Francisco, hundreds of demonstrators gathered outside a Tesla showroom to protest against Elon Musk, CEO of Tesla, and his association with the Trump administration. The protest, organized by the group 'Tesla Takedown,' encouraged people to sell their Teslas and for investors to sell their stocks. The protesters expressed their frustration with Musk's role in the Department of Government Efficiency and his perceived power grab in the U.S. government. Participants included notable figures like singer Sheryl Crow, who publicly announced she was selling her Tesla. The protest reflects growing dissatisfaction with Musk and his political associations, with demonstrators urging others to consider alternatives to Tesla. The event highlights the ongoing tension between corporate leaders and public sentiment, especially in politically charged climates. Key Takeaway
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Stock Market Yum Brands, the parent company of KFC, announced the relocation of KFC's U.S. corporate office from Kentucky to Texas. This move is part of Yum's strategy to create two brand headquarters in the U.S., with KFC and Pizza Hut based in Plano, Texas, and Taco Bell and Habit Burger & Grill in Irvine, California. The relocation will affect about 100 employees, who will receive relocation and transition support. KFC's move from its birthplace in Kentucky has drawn disappointment from local officials, including Louisville's mayor. Despite the relocation, Yum Brands plans to maintain a corporate presence in Louisville and has announced a $1 million endowment to the University of Louisville's College of Business. The strategic shift is aimed at fostering collaboration among Yum's brands and supporting sustainable growth. Key Takeaway
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Real Estate  Alloy Development has announced the second phase of the Alloy Block in Downtown Brooklyn, featuring the world's tallest Passive House building, One Third Ave. The 63-story tower will include market-rate and affordable housing, retail, and office space, adhering to sustainable building standards. This development aims to set a new benchmark for urban sustainability, offering energy-efficient and environmentally friendly living spaces. The building will feature 583 apartments, with 152 designated as affordable housing, and six floors of office space. The design includes adaptive reuse of historic buildings and new retail spaces, contributing to the community's revitalization. The project is part of Alloy's commitment to sustainable urban development, showcasing innovative solutions to combat climate change and promote green living. Key Takeaway
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Real Estate  Michigan has introduced a $25,000 down payment assistance program for first-generation homebuyers, funded by an $8 million state budget allocation. This initiative aims to help 320 families overcome financial barriers to homeownership, especially amid soaring rents and high property prices. The program is part of Michigan's broader efforts to expand affordable housing and promote economic mobility. Eligible buyers can use the assistance for down payments, closing costs, and prepaid expenses, provided they also secure a MI Home Loan. This program addresses the challenges faced by first-time buyers, who struggle with high prices and limited supply compared to current homeowners. By facilitating homeownership, Michigan aims to strengthen communities and build generational wealth. Key Takeaway
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Crypto Exodus Movement, a prominent self-custodial cryptocurrency platform, announced the expiration of its offer to acquire Banxa Holdings Inc. without reaching an agreement. Exodus remains committed to a disciplined approach to acquisitions, focusing on secure and user-friendly crypto solutions. The company emphasizes its role in empowering individuals and businesses with accessible digital asset management. Exodus has been a leader in the crypto space since 2015, offering multi-asset crypto wallets and business solutions like Passkeys Wallet and XO Swap. The failed acquisition highlights the challenges and complexities of mergers and acquisitions in the crypto industry. Despite this setback, Exodus continues to prioritize innovation and security in its offerings, aiming to drive the future of accessible finance. Key Takeaway
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Today's Technical Analysis
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Hold | ULTOSC Buy | STOCH Buy |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Hold |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Hold | ULTOSC Buy | STOCH Buy |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
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