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) 
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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 |
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There are many income strategies you can execute with stock options with varying levels of complexity and risk. One of the most popular is the covered call strategy. This requires you to own the underlying stock and write/sell calls against the position to collect premiums. This works best with st... Read the Full Story |
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Despite having been one of the core members of the once famous FAANG group of tech stocks, Netflix Inc (NASDAQ: NFLX) holds the dubious honor of also being the one that fell the hardest from its 2021 peak. A red-hot rally, fuelled by pandemic-era lockdowns, turned to dust in 2022 as the streamin... Read the Full Story |
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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 |
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Markets | | | China ratcheted up its effort to reinvigorate its slowing economy Thursday by unexpectedly cutting a key policy rate and also doubling subsidies for electric vehicles bought to replace older cars. The People’s Bank of China said it cut its lending rate for one-year medium term policy loans by 20 bas... Read the Full Story |
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Markets | | | Goodbye, cattle call.Southwest Airlines said Thursday that it plans to drop the open-boarding system it has used for more than 50 years and will start assigning passengers to seats, just like all the other big airlines.The airline said it has been studying seating options, running tests and surveyin... Read the Full Story |
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Markets | | | The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods ... Read the Full Story |
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Markets | | | The Federal Trade Commission has ordered information from eight companies that the agency says offer products and services that use personal data to set prices based on a shopper’s individual characteristics Read the Full Story |
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Lamb Weston (NYSE: LW) share prices got fried after Q4 results were worse than expected. The move shaved 20% off the share price, putting the market near long-term lows, but now is not the time to sell. As bad as the implosion looks, the existing market is capitulating and setting up an attracti... Read the Full Story |
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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 |
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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 channels, such as Amazon and Walmart, as well as through its owned and operated websites and other marketplaces. The company was formerly known as Mohawk Group Holdings, Inc. and changed its name to Aterian, Inc. in April 2021. Aterian, Inc. was founded in 2014 and is headquartered in Summit, New Jersey. | | View Today's Stock Pick |
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