The major indexes are flat as investors consider first-quarter earnings and retail sales data.
The major banks reported better-than-expected results before the open Friday, bolstering investor sentiment following the recent collapse of Silicon Valley Bank and Signature Bank.
JPMorgan Chase & Co. (NYSE: JPM) beat analyst expectations, reporting record revenue that sent the stock up more than 5% during premarket trading.
Meanwhile, Wells Fargo & Co. (NYSE: WFC) reported profit growth and edged higher 0.6%.
In this morning’s stock market recap video, I’ll discuss why stocks and bonds are on a different page right now… if the Producer Price Index data lowered the odds of the Fed raising rates… which two sectors are grossly oversold right now… why the Financials sector is vulnerable… if tech stocks are a buy or a sell at this time… plus if European and Asian stocks are supporting the U.S. markets!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
I love a good bargain, don’t you?
And little do people know… hefty bargains do exist in the stock market! You just have to know where to look.
The “pricing mismatch” I just discovered requires traders to disregard the share price and focus on the options…
And 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.
That’s why I just held a special presentation to show this “pricing mismatch” in action and how to apply it to options trades!
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.