Good MorningThe equity markets tread water on Tuesday after rising more than 1.5% on Monday. The pause is not unexpected although where the market goes from here is still uncertain. One of the many factors that traders are watching is the VIX. The VIX is also known as the “fear gauge” and is trading well-above its pre-COVID levels. With VIX double its January 2020 levels many traders are worried another big drop in the markets is at hand.
What investors need to remember is that the VIX is not really a gauge of fear. It is a gauge of options prices relative to the S&P 500 and used as a proxy for fear. The idea is that when options are highly-priced the market is fearful of a correction. Investors should remember that options can also become overvalued when there is an expectation of higher index prices. Today’s high VIX levels may be an indication the market will continue to fall, or they might not.
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Markets | | | Online retailer Overstock.com (NASDAQ: OSTK) has had quite the ride in 2020. After spending the first seven weeks of the year range-bound between around $7.50 and $9.50 a share, pandemic-related fears sent shares down to a mid-March low of $2.53 a share.
Since then, the stock has skyrocketed to nea... Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
The "experts" said Elon was finished and Tesla was headed for bankruptcy.
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When the Wizard of Omaha makes a move, it tends to be the kind of move that draws interest. Warren Buffett's stock purchasing moves have led to some incredible gains over the years, though some have suggested that the name has become a bit tarnished in recent years. Berkshire Hathaway (NYSE:BRK.A)... Read the Full Story |
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Shopify (NYSE: SHOP) continues to move higher on news of yet another paradigm-shifting partnership with Chipotle Mexican Grill (NYSE: CMG). The two companies are partnering to create a virtual farmer’s market. On June 30, Shopify announced that it would help create virtual storefronts for ch... Read the Full Story |
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From Our Partners | | Washington is running out of money…And guess where they'll look next?
When governments go broke, they take from the people.
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Healthcare is going digital. And yet this is one case where technology is actually bringing back a little intimacy to the doctor-patient relationship.
I’m generally fascinated by the way events, such as the Covid-19 pandemic, bring about or provide a catalyst for trends that when we look at... Read the Full Story |
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Markets | | | In the one corner is General Mills (NYSE: GIS) and the other Kellogg Company (NYSE: K). Both are well-known as purveyors of fine breakfast cereals, both are making major headway into other packaged foods verticals, and both pay a healthy dividend. Read the Full Story |
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From Our Partners | | CPA and CFA says you have WAY too many stocks - just buy these 3
After years working at the biggest accounting firms like Deloitte and KPMG, Joel Litman (who’s also a member of the Global CFA Institute) figured out a unique, less-risky way to grow rich in the stock market. Litman says you don’t need dozens of investments, overpriced advisers, or hedge funds. You just need these 3 stocks, which have helped Litman’s own mom earn 3,400%. | | Click here to view… |
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The Early Bird Stock Of The Day General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names. In addition, the company sells trucks, crossovers, cars, and automobile parts through retail dealers, and distributors and dealers, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. Further, it offers range of after-sale services through dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories, and extended service warranties. Additionally, the company provides automotive financing; and software-enabled services and subscriptions. General Motors Company was founded in 1908 and is headquartered in Detroit, Michigan. | | View Today's Stock Pick |
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