My Top ETF as GameStop Prepares to Report Earnings
The market is little changed following news that the U.S. House passed a debt ceiling bill and sent it to the Senate. The Fiscal Responsibility Act passed with bipartisan support, and is key in raising the debt ceiling and preventing the U.S. from defaulting....
My Top Trades With More Tech Earnings on Deck
Before we get to today’s stock market outlook, I want to let you know that I’m appearing on “Roundtable With Don Yocham” alongside Celeste Lindman and Jeffrey Muller at 11 a.m. ET today, May 31! Join us here: https://prosperitypub.com/roundtable We’ll discuss...
2 Overdone Sectors and an End to the Debt Ceiling Crisis
The major indexes rose to start the shortened trading week Tuesday morning on positive news regarding the debt ceiling debate. President Joe Biden and House Speaker Kevin McCarthy appeared to reach a deal over the long Memorial Day weekend on raising the U.S. debt...
Algos Are Attacking Consumer Staples, Utilities and Healthcare
https://www.youtube.com/watch?v=7a0SCPiNpS8 The major indexes crept higher as investors eyed an end to the debt ceiling negotiations. While House Speaker Kevin McCarthy said a deal had not been reached as he left the Capitol Thursday night, the White House and...
My Top ETF and Option as NVDA Reports Earnings
The S&P 500 and Nasdaq jumped Thursday morning on a strong earnings report from Nvidia. NVIDIA Corp. (Nasdaq: NVDA) beat both top- and bottom-line estimates and reported stronger-than-expected revenue guidance for the second quarter, causing shares to surge 25%....
There’s Heavy Downside Pressure on Chip Stocks, Nasdaq
The major indexes fell again Wednesday morning as June 1 approaches and investors grow nervous. June 1 is the earliest expected date that the U.S. could default on its debt, as Treasury Secretary Janet Yellen has warned. Monday’s negotiations between President Joe...