Good MorningThe tech-led market correction extended its losses on Thursday with all three major indices shedding more than 1.25% by the end of the session. The move was sparked by another impasse in Washington and is the fourth day of selling out of the last five. On Capitol Hill, Senate Republicans tried to move on a one-side stimulus bill that barely made it out of the idea phase.
In a technical sense, Thursday’s selling confirms resistance to higher prices and points to a deeper correction to come. The question now is how deep and the answers could be shocking. The minimum investors might expect to see is another 3.0% drop for a total decline of 10% for the S&P 500. In the worst case, there is a chance for up to 20% or more of losses over the next few weeks. Next week is a data-heavy week so traders and investors should expect market volatility.
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Let’s face it. We live in a different world than we did just a year ago. Life is more complicated. And yet, in some ways it’s not complicated at all. The absence of some routine choices has simplified our lives in some ways. Just not necessarily in ways that we like.
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3 Strong Stocks to Consider Buying on the Dip
With millions of people stuck at home for a large portion of this year, we’ve seen some truly awe-inspiring moves in stocks that are involved in the e-commerce industry. These stocks have all been flying due to a permanent shift in the way t... Read the Full Story |
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Stocks | | | Upgrades Will Drive The Next Wave Of Buying
The market has entered a correction there is no doubt about it. The tech-heavy NASDAQ Composite is down nearly 10% over the past few trading days with the broad market and blue chips not far behind. Truth be told, it’s about time we had a correction... Read the Full Story |
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From Our Partners | | DOGE Phase 2? Musk's days in politics aren't over yet.
That's according to tech legend Jeff Brown, who believes Musk and Trump may be working on DOGE Phase 2…
And, this time, it could cause a $12 trillion market megashift.
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Markets | | | What this means for the market is astounding. Not only is the trajectory of earnings growth positive, as in negative growth is expected to shrink in the 3rd and 4th quarters, but negative growth is also expected to turn positive and accelerate in 2021. Read the Full Story |
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Markets | | | Zscaler Is A Cloud-Winner That Keeps On Winning
The number one most enduring trend sparked by the COVID-19 pandemic is an accelerated shift to digitization. There is evidence of it everywhere you look. Earnings from retailers are driven by eCommerce, businesses are navigating shut-downs and eCommer... Read the Full Story |
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From Our Partners | | Trump's $12 Trillion Trade War Nuke
If you thought the trade war was over…Think again.
It looks like Trump is about to drop his final economic superweapon.
It's got nothing to do with tariffs…
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The Early Bird Stock Of The Day RumbleOn, Inc. primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products, as well as repair and maintenance services. The Vehicle Transportation Services segment provides asset-light transportation brokerage services facilitating automobile transportation. The company was formerly known as Smart Server, Inc. and changed its name to RumbleOn, Inc. in February 2017. The company was incorporated in 2013 and is based in Irving, Texas. | | View Today's Stock Pick |
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