Good MorningTraders hoping for a bottom got some good news on Monday but it may be short-lived. The major indices, led by tech, regained more than 1.5% on bargain hunting and hopes the FOMC can continue to support the economy.
The FOMC is holding its regularly scheduled September meeting this week and expected to release a policy statement on Wednesday. There isn’t expected to be any change to policy but the committee will likely move the market with its statement. Comments about the economy, particularly risks to the economy, will be the news of the day.
Investors should also be wary of this week’s economic data. Aside from the FOMC meeting, there are the Retail Sales, Housing Starts, Building Permits, and Home Builders Index to be aware of and all are expected to be strong. Better or worse than expected figures will add volatility to the markets.
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Markets | | a 50% drop in shares a few months ago now looks like little more than a speedbump. But that’s the current state of play with Etsy (NASDAQ: ETSY) whose shares have rallied close to 400%in just six months.
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Markets | | Online marketplace platform eBay Inc. (NASDAQ: EBAY) shares had rallied to new all-time highs in July 2020 after plunging to multi-year lows during the COVID-19 pandemic plunge that also sank the benchmark S&P 500 index (NYSEARCA: SPY) Read the Full Story |
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With the current push for work-from-home, as well as a lot more demand overall for at-home applications—shop, play, watch...nearly any verb you care to add might qualify—it would be easy to think that cybersecurity operations could nearly write their own ticket at this stage. Sadly, no... Read the Full Story |
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Markets | | Shares of iconic donut and coffee shop retailer Dunkin’ Brands Group, Inc. (NASDAQ: DNKN) have nearly recovered back to its February 2020 pre-COVID highs powered by the recovery of the benchmark S&P 500 index (NYSEARCA: SPY) Read the Full Story |
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I love stocks that stage explosive breakouts.
The type of breakouts where a stock moves 8%+ higher on big volume, zooming past resistance.
But if there’s a downside to that type of price action, it’s that it can be difficult to find a logical place to put your stop order. You often h... Read the Full Story |
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The Early Bird Stock Of The Day Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington. | View Today's Stock Pick |
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