It is now clear the summer bear market rally is over. Now we are descending back into bear market territory with a retest of the S&P 500 (SPY) lows at 3,636 a very likely occurrence. But is that bottom or might we be in store for even more pain? 40 year investment veteran Steve Reitmeister ..
Tag : Stocks
The 20% loss for the S&P 500 (SPY) this year does not really tell the story of the pain inflicted on the average investor. Most individuals were piled up in the most popular tech names. And there losses of 30 to 50% are far too common. Yet during all this time Tim Biggam unveiled a ..
The raging inflation and the Fed’s aggressive rate hikes has led advertisers to cut back on spending, which is, in turn affecting social media companies. With the Fed expected to launch another significant rate hike this month, we think investors should avoid Twitter (TWTR), Snap (SNAP), and Groupon (GRPN). Read on…. shutterstock.com – StockNews The ..
Trading options, not GLD, is a great way to fight inflation. shutterstock.com – StockNews Inflation fears continue to climb in the U.S. The Federal Reserve has risen rates to combat the ever-increasing CPI (Consumer Price Index) which hit a recent historic high over 9% last June. This pushed Consumer Prices to the highest readings since ..
It’s easy to appreciate the confusion for investors at this time. Just when you think the bears are back in charge…next comes a big 3 day rally that calls it all into question. But why did stocks rally? And why do most signs still point bearish? And why does Steve Reitmeister believe that 3,000 to ..
Leading Oil & Gas company APA Corporation (APA) reported impressive second-quarter financials, and the stock has gained in double digits so far this year. The company is well-positioned to witness solid growth in the upcoming quarters, driven by its diversified portfolio, strategic acquisitions, and sustained energy demand. So, we think this energy stock makes a ..
Leveraged equity ETFs are usually rewarding investments when the short-term prospects of their underlying industry or instruments are apparent. Given the resilience of the utility sector amid the current market volatility, ProShares Ultra Utilities (UPW) could be a good investment. Also, MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) should benefit from the uncertainties surrounding ..
The S&P 500 (SPY) rallied 18% from the June lows til they hit a wall in mid August. At first it seemed the reason was simply hitting the resistance level at the 200 day moving average. But really, if we are being honest with ourselves, it is the reawakening to the negative outlook for the ..
Social media company Twitter (TWTR) has been experiencing a rough time. In addition to poor second-quarter performance, TWTR is fighting a legal battle with Elon Musk over his decision to abandon a $44 billion deal to buy the communications company. Moreover, the situation has gotten worse for TWTR since its former security chief, Peiter Zatko, ..
Microsoft co-founder and philanthropist Bill Gates’ Bill & Melinda Gates Foundation has a substantial portfolio of investments, which several investors keenly follow. Bill Gates has been recently buying shares of Ecolab (ECL). Given ECL’s disappointing financials and bleak growth prospects, we think it could be wise to wait for a better entry point in the ..
