Good MorningSelling resumed on Wall Street after weak earnings from key tech names raised doubts about the season. The S&P 500 shed more than 2.25% at the session low, breaking below a critical support target. The move takes the index below the 30-day moving average, where the selling could intensify. The takeaway is that a sector rotation is underway, led by tech stocks. Google and Tesla were among the leaders, falling more than 5% and 10%, respectively. The risk now is that the PCE report on Friday will be insufficient to sustain the rally, and the market will move lower.
As bad as the market looks now, the sell-off is a function of healthy markets. In preparation for a broader rally later this year, the market is taking profits in stocks that have run up by high double or triple digits. The broader rally will be driven by falling interest rates, easing economic headwinds, and accelerated profit growth, including all sectors and industries. Featured: Biden Deploys Phase 1 Fednow Digital Currency (Golden Crest) 
|
Markets | | | As the new earnings season kicks off, investors focus mainly on the technology sector and its biggest releases, like Alphabet Inc. (NASDAQ: GOOGL). They still await the—arguably—biggest report that is yet to come for NVIDIA Co. (NASDAQ: NVDA) to prove or dispro... Read the Full Story >> |
|
|
Markets | | | Asian shares dropped in Thursday morning trading, with Tokyo's benchmark losing more than 1,000 points at one point and closing down more than 3%, as pessimism set in over a nose-dive on Wall Street. U.S. stock indexes suffered their worst losses since 2022 after profit reports from Tesla and Alphab... Read the Full Story >> |
|
Markets | | | This quarter’s earnings season has kicked off. Investors are now centering their attention on the technology sector, as the biggest names report how the first half of 2024 has been going for them, giving markets – and investors – a feel for what could come throughout the year's s... Read the Full Story >> |
|
From Our PartnersWe may have just found a unique way to "hijack" the stock market…
No, it's not a matter of picking the next Amazon or guessing on the next A.I. moonshot like NVDA…
Options expert, Nate Tucci, claims as long as you deploy a certain type of trade before the end of the week anyone could have a shot to target right around $1,250 in a matter of days (based on $2.5k invested)
But that's not even the best part…
Unlike most methods, you don't need to even know WHEN to exit this trade… | | | | Click here to catch the next Automated Option |
|
Markets | | | Enphase Energy (NASDAQ: ENPH) is a leading microinverter-based solar and battery system provider. The company has emerged as a dominant force in the rapidly expanding renewable energy sector. Enphase Energy’s innovative technology and comprehensive solutions have earned it a prominent posi... Read the Full Story >> |
|
Markets | | | Despite solid fundamentals, semiconductor equipment stocks like ASML (NASDAQ: ASML) are correcting and on the verge of a deeper correction. The correction is partly due to tepid Q3 guidance but more so because of sector rotation and the political risks from both sides of the aisle. Risks incl... Read the Full Story >> |
|
From Our PartnersOur No. 1 stock for the rare "millionaire window" opening NOW
According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich. | | | | Get our No. 1 stock (with 500%-plus upside potential) for this rare market event now. |
|
Markets | | | Global shares retreated on Thursday, with Tokyo's benchmark losing more than 1,300 points at one point and closing down more than 3%, as pessimism set in over a nose-dive on Wall Street.France's CAC 40 slipped 1.5% in early trading to 7,400.08. Germany's DAX fell 1.2% to 18,161.70, while Britain's F... Read the Full Story >> |
|
Markets | | | China ratcheted up its effort to reinvigorate its economy Thursday by cutting a key policy rate and interest paid on bank deposits.The move coincided with a downturn in world stocks, extending losses in Chinese markets that have declined this year while share prices soared in many other countries. B... Read the Full Story >> |
|
Markets | | | Southwest Airlines plans to drop its tradition of more than 50 years and start assigning seats and selling premium seating for customers who want more legroom.The airline said Thursday that it has been studying seating options and is making the changes because passenger preferences have shifted. The... Read the Full Story >> |
|
Markets | | | The American economy, boosted by healthy consumer spending, is believed to have regained some momentum this spring after having begun 2024 at a sluggish pace.The Commerce Department is expected to report Thursday that the gross domestic product — the economy's total output of goods and services — in... Read the Full Story >> |
|
Markets | | | AT&T (NYSE: T) is in the communication services sector and is the fourth-largest telecom company in the world. Let’s get a better understanding of the business and its differences from competitors. We’ll then review its earnings report, released on July 24, 2024. We will end with s... Read the Full Story >> |
|
Thursday's Early Bird Stock Of The Day Aterian, Inc., together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names. The company primarily serves individual online consumers through online retail ... | | View Today's Stock Pick |
|
Post a Comment
Post a Comment