The major indexes slipped Friday morning on a poor earnings report from Intel as Wall Street attempts to lock in a winning week — and more in Friday’s stock market recap.
The tech company and chip-maker missed on both top- and bottom-line estimates, causing shares to drop more than 10% in premarket trading.
Meanwhile, Friday morning’s core Personal Consumption Expenditures price index came in at 4.4% year over year.
That’s in line with estimates, and when combined with Thursday’s better-than-expected gross domestic product, has investors hopeful the U.S. economy can stick a soft landing as the Federal Reserve raises rates to curb inflation.
Next week brings the Fed’s latest interest rate decision, with investors expecting a 0.25% hike.
In this morning’s stock market recap video, I’ll discuss which index is approaching the 200-day line… whether earnings or Fed data is driving markets and price action… what bonds are doing and how they’re impacting stocks… if it’s time to get bearish or stay bullish… a review of earnings and what to expect next week… plus how to navigate the current market landscape without stepping on landmines!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. The Wire Just Triggered 3 New Alerts
While some traders never consider trading over the weekend…
That’s when New Money Crew’s Lance Ippolito sees some of his absolute best results.
And we’re not saying that lightly!
Using this weekend strategy, Lance has been crushing it, with a total annualized return of 625%!*
And he’s holding a special live presentation at 10 a.m. ET today, Jan. 27, to reveal how it all works, as well as the next three trades his system is signaling.
This is a presentation you don’t want to miss, especially as we head into another weekend!
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.
