The major indexes rose Monday morning as the market tried to recover from its worst week of 2023.
It’s also a big week for earnings, even though just 6% of the S&P 500 reports.
Reports from major retailers, restaurants, food companies, and travel and entertainment names will provide insight into consumer spending habits, especially as inflation remains one of the biggest concerns.
Target Corp. (NYSE: TGT) reports before the bell Tuesday, and Lowe’s Co. Inc. (NYSE: LOW), Kohl’s Corp. (NYSE: KSS) and Abercrombie & Fitch Co. (NYSE: ANF) report before the bell Wednesday.
On Thursday, Best Buy Co. Inc. (NYSE: BBY) and Macy’s Inc. (NYSE: M) report before the open, while Costco Wholesale Corp. (Nasdaq: COST) and Nordstrom Inc. (Nasdaq: NYSE: JWN) report after the close.
In this morning’s stock market recap video, I’ll discuss how to navigate the markets this week… the biggest threats and opportunities… if sectors are still fragmented or tightening back up… what to expect from the bond market… what to expect from the Dow… which earnings reports are most important and what it could mean for the market… plus which Federal Reserve report to watch for a continued upside move!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
Trillions of dollars are fleeing the stock market and flooding into high-yield savings accounts.
But this could be a huge mistake…
At the beginning of 2023, inflation was sitting at 6.5%. And even the best high-yield savings accounts only pay 3%-4%….
That’s why former hedge fund manager and 35-year trading vet Jack Carter created a new trading initiative.
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The rigged financial system has been squeezing folks like never before. That’s why Jack wants to turn the tables by sharing the same powerful technique Wall Street has been using for decades.
Disclaimer: Since the start of 2021, on over 100 trades, this service has had a 97.1% rate of successful trade recommendations. With that said, nothing is guaranteed, and we make no future earnings claims.
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.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
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.