The major indexes are flat Friday morning as investors consider what this past week’s earnings reports mean for the state of the economy.
Jobless claims rose more than expected according to Thursday’s data, and the Philadelphia Fed Manufacturing Index revealed a deeper contraction than anticipated, causing investors to fear the economy is slowing down.
The Procter & Gamble Co. (NYSE: PG), responsible for household names like Febreze, Charmin and Tide, beat earnings and revenue estimates and raised forward guidance, lifting shares 2% in premarket trading.
In this morning’s stock market recap video, I’ll discuss what algo traders are doing to the markets to trick retail investors… which sectors are cooling off fast… if bonds will continue falling or rise back up… why I believe the Federal Reserve has a lot more work to do in the near term… the best way to take advantage of current market action… plus an earnings update and what to expect next!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. 4 Stocks Worth Trading This Week
AI stocks have been breaking out over the past week, and Lance Ippolito has seen a surge in volume flagged by his Master Indicator.
That’s why he just held an emergency training session to show everyone how it works.
He also shared a handful of tickers and trade ideas he’s watching, and even scanned for new opportunities!
Watch Lance’s Presentation Here
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.
