Good MorningThe equity markets continued to fall on Monday as fear of economic slowing grips the market. The fear is driven by a lack of consensus in Washington on another round of economic stimulus for America’s hardest-hit. The sell-off was led by the tech sector once again but no sector was immune. All eleven S&P 500 sector groups were lower at the end of the day with many approaching correction-territory.
The NASDAQ Composite has been hit the hardest in recent trading days. The tech-heavy index fell more than 4% on Tuesday and is down almost 10% from its high. If the index can’t find support soon it could easily fall another 10% before hitting bottom. There is little in the way of earnings or economic news to support the market this week so investors should be prepared for the worst.
Featured: Is This the New Normal for Gold? (Ad) 
|
Consumer Discretionary | | 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 |
|
From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
|
Consumer Discretionary | | Amazon (NASDAQ: AMZN) just did something it hadn’t done in five months: Touched its 50-day moving average.
On Friday, shares dipped a little below the 50-day, but quickly recovered and closed near the day’s highs.
Amazon has been one of the biggest pandemic winners. After shares droppe... Read the Full Story |
|
Consumer Discretionary | |
The Short-Story On Second Quarter Earnings
The second-quarter earnings cycle got started with a boom and now its ending with a bust. When the cycle started and it became apparent the consensus figures were too low the market breathed a sigh of relief. When it became clear that most S&P 500 wo... Read the Full Story |
|
From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
|
Markets | |
This year, the era of cloud technology dominance has officially begun. With cloud stocks leading the Nasdaq to record highs regularly, many investors are trying to figure out just how much potential these companies will have over the next decade. It’s easy to understand why businesses that a... Read the Full Story |
|
Technology | |
Ambarella, A Diversified Play On Specialty Semiconductors
Ambarella (NASDAQ:AMBA) made a name for itself providing chips and technology for GoPro’s (NASDAQ:GPRO) popular line of digital, connected, cameras. Unfortunately for both companies, the GoPro narrative did not play out quite as we t... Read the Full Story |
|
From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
|
Healthcare | |
Did you know that healthcare spending makes up more than 10% of the GDP in most developed countries? In the United States, the spending is near twice that amount and accounted for 17.7% of GDP in 2018. With a global pandemic bringing the healthcare industry front and center, it’s easy to see... Read the Full Story |
|
Markets | | Salesforce.com Is Only The Tip Of The Iceberg
Salesforce.com (NYSE:CRM) shocked the market when it reported earnings for the 2nd quarter. We knew the pandemic had accelerated the shift to digital and with it the cloud but the numbers are mind-boggling. Salesforce.com, a company whose business is he... Read the Full Story |
|
Consumer Discretionary | | Fast casual restaurant chain Red Robin Gourmet Burgers (NASDAQ: RRGB) stock has been dormant during the pandemic recovery even as the benchmark S&P 500 index (NYSEARCA: SPY) make new all-time highs. However, shares have finally awoken as money looks for laggard opportunities among the rapidly ac... Read the Full Story |
|
Communication Services | |
The Chinese social media company, Momo (NASDAQ:MOMO), is many things. One part of the company, Tantan, is an online dating site that is compared to Tinder. Then there’s Momo, its namesake app, which is an online dating service and more. In fact, it’s a potpourri of social media, video,... Read the Full Story |
|
Consumer Discretionary | | Pride Cometh Before The Fall For Shoe Carnival
To look at the pre-market action you’d think Shoe Carnival (NASDAQ:SCVL) just died. The stock is down more than 12% putting it deep into correction territory and well on its way to a bear market. But that’s not what’s happening. The e... Read the Full Story |
|
The Early Bird Stock Of The Day Brinker International, Inc., together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands. The company also operates virtual brands, It's Just Wings. Brinker International, Inc. was founded in 1975 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
|
