HUGE Fed Report, Nike Earnings on Deck. Plus, My Favorite ETF and Option Pick
We have some BIG, market-moving news bits coming Thursday… First, gross domestic product came in at 2%, way above estimates of 1.3%. Jobless claims also came in under expectations at 239,000 versus 265,000. We also have big earnings on deck Thursday with Nike Inc....A Major Warning for Chip, Tech Stocks. Plus, Actionable Options for Long, Short Trades
The Dow is holding up fairly well this morning but the Nasdaq is down quite a bit on the back of bad news concerning U.S. semiconductor chip manufacturers and China… The U.S. government is considering new restrictions on exports of AI chips to China… And big...1 Sector is Ready for a Breakdown. Plus, My Strongest and Weakest Stocks
Markets were weak Monday, but things are looking up this morning… We had Walgreens earnings this morning and the company slashed guidance due to lower consumer demand and a slowdown in COVID care demand. We have General Mills, Micron and others coming up on...
Tesla, Google Downgraded… Will Tech and Consumer Stocks Sink or Swim?
The market is mostly flat before the open, but I’ve been warning for a couple of weeks now that we’re likely to see some downside… Google and Tesla, two major stocks, both got downgrades over the weekend, so that will put even more pressure on the Nasdaq and Nasdaq...
Algos Are Hitting 1 Sector HARD While Dumping Tech Stocks
The Nasdaq is down pretty big this morning, which is not random… Things just aren’t looking great right now when you take a peek under the hood. However, algos are hitting one sector particularly hard as they dump tech stocks. Momentum is weakening and favoring the...GET IN TOUCH
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