The major indexes dipped lower as earnings reports roll in — and more in Tuesday’s stock market recap.
Big banks and other financials continued reporting Tuesday morning. The Goldman Sachs Group Inc. (NYSE: GS) came in below profit estimates as investment banking and asset management revenue declined, sending shares down 2% premarket.
Morgan Stanley (NYSE: MS), however, experienced record wealth management revenue, helping it beat expectations for a 2% bump in premarket trading.
In addition to earnings, the market will have a lot of data to digest this week with the Producer Price Index, retail sales, industrial production and Philadelphia Fed Manufacturing Index reports and more on the schedule.
In this morning’s stock market recap video, I’ll discuss why I believe the current rally is full of holes and broken promises.. An update on earnings and what to expect this week… news on China and whether it’s going to lift the markets higher… which report is crucial for continued momentum in stocks… which two sectors are vulnerable and what it means… plus how to navigate the market cautiously and which stocks are leading now!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
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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.
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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 [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.