Oil Fell To The Lowest Level Of The Year, Stock Indices Are Under Pressure From Weak Economic Data
Boeing shares are down more than 7% after Wells Fargo Securities downgraded the stock with a $119 price target. Visa shares closed higher by more than 1% after BNP Paribas Exane upgraded the stock to improved from neutral with a $325 price target.
Top Medical Stocks To Hedge Against The September Effect
While the Fed will likely cut interest rates in the coming weeks, September has historically been the most challenging month for stocks. Here are three top medical stocks to hedge against the September Effect.
Daily Market Outlook, Wednesday, September 4
US equities fell sharply Tuesday. The S&P 500 sank over 2%, the Nasdaq fell 3.25%, and the Dow slid 1.5%. Investors' enthusiasm for AI continues to wane; Nvidia's stock fell by 9.5%, marking the largest one-day market capital decline in history
GTLS: A Thinly Traded Opportunity With Plenty Of Downside Left
Here is the GTLS chat that I’ve suggested many times, always with the proviso that it’s so thinly traded that it’s tough to get into it.
Rates Spark: Bonds Rally On Risk-Off Sentiment
Bonds rallied as risk-off sentiment dragged risk-assets lower. Significant euro and dollar issuance did not seem to prevent the decline in yields.
Eyes Wide Open
Stocks fell sharply on Tuesday, with the S&P 500 down more than 2% and the Nasdaq dropping 3%.
Markets Sell Off As Labor Market Data Looms
It was a tough day for the market indexes. With jobs numbers looming later this week, market participants took a look at stock levels and decided they were too high.
Elliott Wave Analysis & Trading Strategies For S&P 500, Nasdaq, ASX & Global Indices
Discover Elliott Wave analysis and trade strategies for global indices like S&P 500, NASDAQ, and ASX 200.
"Bull Trap" After Just One Day
So much for the bullish outlook as bears made their presence felt. The biggest loss was in the Semiconductor Index as it lost nearly 8% to close just above its 200-day MA.
September Is Showing Us Just How Rough It Can Be
Today we got a taste of that as markets re-price the impact of the Fed rate cuts due to kick in in a few weeks. A strong barrage of selling hit stocks - flattening marquee growth and tech names, especially.
Construction Spending Growth Slows In May, Stops In June, Negative In July
Commercial real estate spending is down for the 10th consecutive month. Most other sectors joined the slump in July.
Resurgence Of Growth Fears
Still, if you buy into that kind of seasonal crystal ball, you're probably giving Wall Street too much credit for being predictable.
Stocks And Precious Metals Charts - The Overreach Of Power And Privilege
Stocks took a deep dive today, as September brings the long-anticipated rinse. Gold and silver were hit hard, but managed to take back a little as the day wore on.
Semis Slaughtered As September Starts Off With Carnage Everywhere
Today was brutal for most, but with the Nasdaq wiping out 3.1% or about 75% of its average September loss from the past decade in one trading day, it is likely that much of the pain is already in the history books.
National Bank Of Poland Governor’s Tone To Marginally Soften From July
The Monetary Policy Council suggests it may be more open to debate on rate cuts in 2025, especially if the government extends measures to contain electricity price increases next year.
The S&P 500 Drops With Support Levels Now In Question
The S&P 500 is being led lower today, with support being tested while being dragged down by Nvidia and other chip stocks.
Cloud Stocks: Nvidia Still On A Roll Amid Rising Competition
NVIDIA last week reported its second-quarter results which beat all estimates. However, after three straight quarters of revenue growth above 200%, its growth of 122% seems a tad disappointing and its shares fell 8% in extended trading.
3 Big Winners From The Q2 Earnings Season: LLY, LMT, META
The 2024 Q2 earnings season is slowly grinding to a halt, with the majority of S&P 500 companies already delivering quarterly results. All three listed here posted robust results with shares of each seeing bullish activity post earnings.
The End Of Labor Day: The “Bot-Com” Revolution Is Almost Here
The rise of the robots is here, and the world’s most important CEO is now proclaiming it.
5 Leveraged ETFs With Double-Digit Gains In August
In this article, we have highlighted a bunch of the best-performing leveraged equity ETFs that grew in double digits in August. These funds seek to register big gains in a short span and are expected to continue the strong trend.