The major indexes rose Friday morning as investors continued monitoring the debt ceiling negotiations while Wall Street looks to lock in a winning week.
According to recent comments from House Speaker Kevin McCarthy, a deal regarding the debt ceiling could be reached as early as next week.
Meanwhile, earnings reports continue to trickle in. Deere & Co. (NYSE: DE) beat earnings and revenue estimates, causing shares to gain 4%. Foot Locker Inc. (NYSE: FL) missed both top- and bottom-line estimates and reduced its outlook, causing shares to drop more than 25%.
In this morning’s stock market recap video, I’ll discuss how to tell if algo traders are running wild again… which sectors are overbought… if the long bond market is overdone to the downside… whether odds are rising or falling that the Federal Reserve will not take action… a debt ceiling update for Friday… plus the one sector that’s driving momentum to a 1 ½-year high right now!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. The 1 Market That’s Stood the Test of Time
Stocks are volatile and unpredictable.
Take a look at this year, last year or any year for that matter, and you’ll see what I mean.
But there is one market that’s safer and more reliable than stocks.
It’s not gold, real estate or anything like that… and it’s much larger and older than the stock market.
And trading veteran Celeste Lindman is going live at 1:30 p.m. today, May 19, to reveal exactly what it is!
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 support@marketgeeks.com!
- 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.
