Good MorningThe equity markets continued to fall on Monday as fear of economic slowing grips the market. The fear is driven by a lack of consensus in Washington on another round of economic stimulus for America’s hardest-hit. The sell-off was led by the tech sector once again but no sector was immune. All eleven S&P 500 sector groups were lower at the end of the day with many approaching correction-territory.
The NASDAQ Composite has been hit the hardest in recent trading days. The tech-heavy index fell more than 4% on Tuesday and is down almost 10% from its high. If the index can’t find support soon it could easily fall another 10% before hitting bottom. There is little in the way of earnings or economic news to support the market this week so investors should be prepared for the worst.
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Stocks | | Upgrades Will Drive The Next Wave Of Buying
The market has entered a correction there is no doubt about it. The tech-heavy NASDAQ Composite is down nearly 10% over the past few trading days with the broad market and blue chips not far behind. Truth be told, it’s about time we had a correction... Read the Full Story |
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Slack (NYSE:WORK) reports earnings after the market closes on September 8. Shares of WORK stock have been sliding in the five days prior to earnings. This may suggest that analysts are expecting the company to disappoint when they report earnings. Or, it could suggest that investors are just takin... Read the Full Story |
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It would be easy to look at the market as it sits right now and think that putting money on Beyond Meat (NASDAQ:BYND) is like mortgaging your house to buy Bitcoin at $19,000. The best opportunity is long gone, and anyone buying in now is buying at the top and getting ready for a drop. A close... Read the Full Story |
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Markets | | After completing one of the deepest V-shaped moves in the market, Crocs (NASDAQ: CROX) has been relatively quiet over the summer.
Shares mostly made higher highs and lower lows as the summer progressed, but the rate of increase was noticeably slower than it was in the spring. But with Crocs, that&r... Read the Full Story |
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Markets | | Amazon (NASDAQ: AMZN) just did something it hadn’t done in five months: Touched its 50-day moving average.
On Friday, shares dipped a little below the 50-day, but quickly recovered and closed near the day’s highs.
Amazon has been one of the biggest pandemic winners. After shares droppe... Read the Full Story |
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