Good MorningInvestors got a reprieve from days of selling on Wednesday when the major indices reversed their fall. The indices all gained at least 2.5% in intraday trading but did not close at the highs of the session. The tech sector led the advance with noteworthy gains in the FAANG names and Tesla. Tesla gained more than 10% on an intraday basis but is still in the bear-market territory after falling more than 30% from its peak.
The question for investors now is if this is the end of the sell-off or is it just a dead-cat bounce. The gains look good from the technical perspective, market support was confirmed at key levels, but even bear markets have up days. If the market can hold Wednesday’s levels into the close of the week the rally may have legs. If not the broad-market S&P 500 could easily be in for another 10% decline.
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3 Strong Stocks to Consider Buying on the Dip
With millions of people stuck at home for a large portion of this year, we’ve seen some truly awe-inspiring moves in stocks that are involved in the e-commerce industry. These stocks have all been flying due to a permanent shift in the way t... Read the Full Story |
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GameStop (NYSE: GME) will report its 2020 second-quarter earnings on September 9, 2020 after the market closes.
In a parallel universe, there may be things to get excited about for GME stock investors. The stock is up 22% for the year and nearly 175% since falling to a low of $2.80 in April. In f... Read the Full Story |
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Markets | | | Personal care products maker Edgewell Personal Care Company (NYSE: EPC) shares have been stagnant throughout the historic rally to new all-time highs in the benchmark S&P 500 index (NYSEARCA: SPY). However, shares may be starting to set-up a breakout as demand for personal care products rises wi... Read the Full Story |
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Markets | | | Another Case Of Too Little Too Late
Shares of Lululemon Athletica (NASDAQ:LULU) are down another 5% in premarket trading bringing the stock dangerously close to correction territory. Another 3.0% and the total loss since hitting the all-time high just last week will come to 20%. That’s not gr... Read the Full Story |
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Markets | | | A Surprise Report From Casey’s General Stores
Casey’s General Stores (NASDAQ:CASY) just delivered its fiscal Q1 ended July 31st. The report can only be called mixed for this convenience store, there are good figures and bad, but the sum of the parts I think will surprise you. While the ... Read the Full Story |
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