The major indexes fell to start the week as recent earnings reports and future guidance rattled investors.
Home improvement company The Home Depot Inc. (NYSE: HD) narrowly missed revenue expectations and revealed it expects sales to be flat in the new fiscal year, sending shares down about 4% during premarket trading.
Retail giant Walmart Inc. (NYSE: WMT) beat both top- and bottom-line estimates, but also reported a cautious outlook for the year ahead as consumers pull back on discretionary purchases. Its shares also fell about 4% premarket.
Investors are awaiting Wednesday’s release of the Federal Reserve’s most recent meeting minutes. The central bank raised rates by 0.25% during the meeting, but investors fear stubborn inflation will keep the Fed hiking rates higher for longer, which could tip the economy toward a recession.
In this morning’s stock market recap video, I’ll discuss which earnings are key this week… which Fed reports are driving the markets… what to expect from the Dow in the next few sessions… whether bonds are basing out or have more downside to give… which sectors are at the top of the game and which ones are lagging… which stocks to avoid right now… plus how to approach the market this week!
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I believe I’ve cracked the code to the stock market. It involves one specific chart pattern and 146 little-known stocks!
I’ve discovered a candlestick pattern with a historic win rate of 100% over the past five years on some of the most explosive stocks in the market.
They’re not speculative biotechs, risky penny stocks or crypto companies… And you won’t find a single one of them in the S&P 500!
I’m so excited about this discovery, I’m holding a special presentation — at no cost — at 1 p.m. ET this Thursday, Feb. 23, to reveal exactly how I trade the pattern and these companies.
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!
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On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
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 firstname.lastname@example.org!
- 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.