Before we begin, I want to let you know that I’m holding a special open house session of our VIP Trade Room at 11 a.m. ET tomorrow, Feb. 3.
I’ll dive into what earnings are telling us about the quarter, which sectors are gaining in strength, how to position ourselves in the current market, five stocks I would sell, and which stocks I’m targeting right now!
Be sure to check out Friday’s issue for access to our open house session!
Moving on to today’s stock market recap…
The market rose Thursday morning on better-than-expected earnings results from Meta Platforms Inc. (Nasdaq: META).
The social media giant shot 20% higher in premarket trading on news of a fourth-quarter revenue beat, and $40 billion stock buyback.
The news lifted other big-cap tech names as well, sending Alphabet Inc. (Nasdaq: GOOGL) up more than 4% premarket, Amazon.com Inc. (Nasdaq: AMZN) up 3% and Apple Inc. (Nasdaq: AAPL) up 1%.
All three of those tech giants report after the bell Thursday.
And following the Federal Reserve’s 0.25% rate hike on Wednesday, investors are now looking to Friday’s jobs report for signs the economy is cooling, which could mean the Fed might take future rate hikes off the table.
In this morning’s stock market recap video, I’ll discuss if the Fed is changing its tune or delaying the inevitable… if Alphabet and Apple earnings will bomb or shoot to the moon… an update on the bond market and what to expect next… which sector is thriving… which sectors are overbought and need to cool off quickly… why I’m getting more bearish on the tech and communication sectors… plus my top ETF and option pick!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Newly Discovered ‘Pricing Mismatch’ in the Options Market
We’ve just discovered a shocking “pricing mismatch” in the options market…
Thanks to this mismatch, even a tiny 1% move in a stock could lead to gains as high as 31%… 41%… even 46% or more in a matter of days.
Once you learn how to use this pricing mismatch to your advantage, you’ll never look at the markets the same way again.
And I’m going live at 1 p.m. ET today, Feb. 2, to show this “pricing mismatch” in action and how to apply it to options trades…
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.
Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.
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.