The fallacy of the summer rally has been dispelled. All those gains have been wiped off the board and now the S&P 500 (SPY) made a new bear market low to close out September. That is the past…now what should we expect in the future? Even more important, how should we trade the market in ..
Tag : Stocks
The automotive industry is expected to sustain its growth in the foreseeable future, driven by high demand and supportive federal initiatives. Despite being a dominant player in the auto industry, Tesla (TSLA) may not be a good choice now due to its high valuation and near-term uncertainties. Instead, we think fundamentally strong automotive stocks Volkswagen ..
Chip-making giant NVIDIA (NVDA) has received restrictions on exporting its top chips to China. Moreover, the company’s bleak fundamentals look concerning. Hence, it might be wise to avoid NVDA now. Read on…. shutterstock.com – StockNews Popular chipmaker NVIDIA Corporation (NVDA) received restrictions on exports of two of its top chips to China. However, Chief Executive ..
The stock markets’ (SPY) plummet is continuing at an accelerated pace following the FOMC, where the main message seems to be that 75 basis points rate hikes are the new status quo until inflation materially declines. Given August’s CPI saw an acceleration in monthly core CPI, we are far from that point. And while the ..
This bear market has me thinking back to my 2 best trades of all time. That being when I bought Amazon (AMZN) and Booking (BKNG) back in 2001 as they were tumbling down in the midst of a bear market…but now enjoying truly phenomenal gains. Let’s discuss what those investments had in common and how ..
A month ago the bulls were claiming victory as they created a charge back over 4,000 for the S&P 500 (SPY). Since then that false narrative has been peeled away and investors are more honestly looking at the bleak outlook formed by high inflation and a hawkish Fed. That explains why we are back retesting ..
Everyone is raving about blockchain technology due to its decentralized nature, wide application, and security. And companies working on this technology have thrived over the past several years. However, as macroeconomic concerns continue to affect the stock market, fundamentally weak blockchain stocks Block (SQ), Marathon Digital (MARA), and Riot Blockchain (RIOT) are expected to remain ..
Shares of financial services company SoFi Technologies (SOFI) have plummeted more than 60% in price year-to-date, aggravated by the recent FedEx warning spurring recession fears and causing a broad sell-off in fintech stocks. However, given Biden’s announcement on lifting the student loan repayment moratorium, is it wise to buy the stock now or wait for ..
The stock market has given back the bulk of its gains following a stronger than expected inflation print. Amid these challenging circumstances, investors should consider high-quality, defensive stocks like Elevance Health (ELV) and Northrop Grumman (NOC). shutterstock.com – StockNews The stock market has now given back the bulk of its 18% rally from the mid-June ..
Last week, I talked about the likelihood of the S&P 500 (SPY) remaining range-bound due to the mix of bullish and bearish forces. One of the bullish forces was the resilience in earnings which have remained positive (+6% in Q2) despite adverse conditions. Another was the signs showing that inflation may have peaked, and there ..
