Good MorningInvestors got a reprieve from days of selling on Wednesday when the major indices reversed their fall. The indices all gained at least 2.5% in intraday trading but did not close at the highs of the session. The tech sector led the advance with noteworthy gains in the FAANG names and Tesla. Tesla gained more than 10% on an intraday basis but is still in the bear-market territory after falling more than 30% from its peak.
The question for investors now is if this is the end of the sell-off or is it just a dead-cat bounce. The gains look good from the technical perspective, market support was confirmed at key levels, but even bear markets have up days. If the market can hold Wednesday’s levels into the close of the week the rally may have legs. If not the broad-market S&P 500 could easily be in for another 10% decline.
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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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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 |
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Markets | | | The opportunity for investors is two-fold. On the one hand, share prices offer a value, often a deep-value, over comparable stocks. On the other, high short-interest will fuel a sharp short-covering rally in these beaten-up names once the bulls regain control. Read the Full Story |
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Markets | | | 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 |
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The Early Bird Stock Of The Day First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts. Its loan product portfolio comprises commercial construction and mortgage; and commercial and industrial leases, as well as small business administration loans. In addition, the company offers consumer loans, such as residential and revolving mortgage, consumer auto, and other consumer loans. Further, it provides wealth management services, including annuities, brokerage services, and third-party mutual funds, as well as investment management and advisory services. The company provides its products and services through its branch network. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina. | | View Today's Stock Pick |
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