The major indexes slipped lower as earnings reports continue to roll in — and more in Wednesday’s stock market recap.
Investors remain concerned about how some of the United States’ largest companies will fare as interest rates tick higher and fears of a recession grow.
Microsoft Corp. (Nasdaq: MSFT) is the latest tech titan to report. And while the company exceeded analysts’ estimates, its guidance was lackluster, causing shares to fall 2%.
The Boeing Co. (NYSE: BA) fell almost 2% during premarket trading Wednesday morning as the airline company missed earnings and revenue estimates despite an uptick in demand.
Next up, we have Tesla Inc. (Nasdaq: TSLA) and International Business Machines Corporation (NYSE: IBM) reporting after the close Wednesday afternoon.
In this morning’s stock market recap video, I’ll discuss which sectors are extremely vulnerable to downside selling pressure… if earnings estimates are getting better or worse… if the economy is stabilizing or sinking deeper into recession… if the global economy is stabilizing and what it means for U.S. stocks… a preview of earnings and the next Federal Reserve meetings… plus one energy stock I like, and a discretionary stock I can’t wait to sell!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
I’m reopening enrollment into a special class… a three-part virtual workshop on how to build your own Frontrunner Portfolio!
You’ll learn the inner workings of how to optimize a portfolio based on hard, back-tested data, how to custom build your own ETF, the core factors behind frontrunner stocks, and the selection process.
This workshop will equip you with some of the best trading tools available, and help take your skills to the next level.
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.
Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!
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.