The major indexes fell Friday morning as the S&P 500 headed for its worst week in almost two months — and more in Friday’s stock market recap.
Recent data points to an underwhelming quarter on Wall Street.
With almost 70% of companies in the S&P 500 reporting, about 70% came in ahead of analysts’ estimates compared to the 79% three-year historical average.
Most recently, ride-sharing platform Lyft Inc. (Nasdaq: LYFT) disappointed on quarterly earnings, causing shares to plummet more than 30% in premarket trading.
Meanwhile, travel company Expedia Group Inc. (Nasdaq: EXPE) is down about 2% on an earnings and revenue miss.
In this morning’s stock market recap video, I’ll discuss how algos are driving market action… why the Dow has been trading sideways these past few months while speculative stocks rallied like crazy… an update on the global economy and what it means for the U.S… an update on the bond yield and what it means for the tech sectors… an earnings update and how it will impact today’s market… plus a full review and my analysis for next week’s trading action.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Emergency Energy Crisis Meeting
Saudi Arabia suddenly raised oil prices for its customers in Asia, the European Union and the U.S. on Monday…
I know this is hard news to swallow…
But Joy of the Trade’s Jeff Zananiri warned toward the end of 2022 this would happen!
The perfect storm is brewing for a 21st-century catastrophe, and this could be the chance to get in front of what might be life-changing market moves…
Jeff is going live at 10 a.m. ET today, Feb. 10, to reveal his No. 1 way to capitalize on the looming energy crisis.
Don’t be left out in the cold…
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.
On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.
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.
