The market slipped to start March as investors struggle to regain their footing as Tuesday marked an end to a losing month for the major indexes.
The Dow closed down more than 4% for the month while the S&P 500 and Nasdaq lost about 2.6% and 1.1%, respectively.
February’s stumble also pulled the Dow down into negative territory for the year.
Meanwhile, retail earnings reports continue to roll in, with Kohl’s Corp. (NYSE: KSS) down more than 8% on a big earnings miss. Analysts expected positive earnings of $0.98 a share on $5.99 billion of revenue, but Kohl’s reported a loss of $2.49 per share on $5.78 billion of revenue.
Home improvement retailer Lowe’s Companies Inc. (NYSE: LOW) missed on revenue but reported a narrow beat on earnings. The stock was flat in premarket trading, up about 0.22%.
In this morning’s stock market recap video, I’ll discuss which earnings reports to pay attention to and how they stand to impact the market… a closer look at trading action in the S&P 500 and Nasdaq, and what to expect next… how bond market action stands to impact stocks… which types of trading strategies are or aren’t working right now… where I think technology stocks are headed next… and why I believe the Energy sector is poised to head higher!
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Several technical and fundamental factors need to line up before I consider entering a trade.
But for the first time this year, I’ve seen my No. 1 buy signal flash on my No. 1 breakout stock!
That doesn’t happen often…
That’s why I’m holding a special event at 1 p.m. ET today, March 1, to walk you through my No. 1 buy signal, and I’ll even give away my No. 1 breakout stock!
And as always, it doesn’t cost a thing to attend!
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to [email protected]!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.