Good MorningUp one day and down the next, the major indices posted their biggest declines in months on Wednesday due to rising bond yields. The S&P 500 was down more than 2.6% at the low of the day with the NASDAQ leading and the Dow Jones lagging. The tech-heavy NASDAQ Composite fell more than 3.6% and is now down more than 7.0% from the high. Because bearish momentum on the rise it seems like a move lower will come sooner than a move to new all-time highs.
In bond news, the yield on the 10-year treasury made its largest single-day gain in months peaking out just above 1.65%. The rise in bond yields is bullish in that it suggests economic conditions are improving. The market moved lower, however, as risk-averse investors take money off the table and park it in what are now comparably yielding and much safer U.S. treasuries. The average yield for S&P 500 stocks is about 1.45%.
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Multi-Sector Conglomerates | |
It’s safe to say that the aerospace industry had a difficult 2020 and is still struggling with the impacts of the pandemic. Thanks to huge declines in air traffic and a dramatic reduction in aviation orders, many of the stock prices of these companies have not yet recovered to pre-pandemic l... Read the Full Story |
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From Our Partners | | Jon Najarian called Tesla in 2014 when legacy automakers dismissed it. Now he's warning investors to skip SPCX - the largest IPO in stock market history.
He's not turning on Elon Musk. His concern is the math behind the deal. | | Click here to hear Jon Najarian's full warning on SPCX |
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Markets | |
Let me start by saying that Guardion Health Sciences (NASDAQ:GSHI) is one of the riskiest penny stocks you can buy. The company is a biotech/neutraceutical company that has been trading below $1 for the better part of 18 months.
The company is facing a delisting threat but was given a deadline of... Read the Full Story |
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Finance | |
Coinbase Is Fundamental To The Crypto-Sphere
With its exposure to the consumer, fintech, cryptocurrency, defi, and the IPO market, Coinbase (tokenized stock:CBSE) might be the hottest ticket on the market today. The company has already listed its shares on the NASDAQ Private Market and is expecte... Read the Full Story |
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From Our Partners | | Tom Busby calls them the '7 Sisters' - seven markets he checks before trading a single share each week: the S&P, Nasdaq, Dow, German DAX, gold, crude oil, and bonds.
With 45 years of trading experience, Busby delivers this full-board read every Monday before the open - covering key earnings, five stocks with exact support, resistance, and trigger levels, and the news that actually moves markets.
Built for stocks, options, and futures traders alike. | | See how Tom reads the 7 Sisters before the week opens |
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Consumer Discretionary | |
Churchill Downs (NASDAQ:CHDN) stock hit a record high share price the day before it released fourth quarter and full year 2020 earnings. But shares of CHDN stock have dropped over 7% in late afternoon trading after the release.
The company missed earnings per share estimates by 8 cents and revenu... Read the Full Story |
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Consumer Discretionary | |
After underperforming in 2020, U.S. small-cap stocks have taken the leadership reins in the early going of 2021. With the S&P 600 up almost 19% year-to-date compared to 4% for the S&P 500, investors are piling into small caps on expectations of a strong economic recovery.
While small-cap ... Read the Full Story |
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From Our Partners | | Porter Stansberry, founder of one of the largest financial research firms in the world, says he's breaking the biggest story of his 26-year career - an economic shift not seen since 1776.
From the government taking stakes in Intel, Lithium Americas, and MP Materials, to sweeping political changes reshaping the economy, Stansberry argues a rare 'New 1776 Moment' is already underway. One Nobel Prize winner calls it a dividing line for all of society.
His presentation covers the stocks to buy, the stocks to sell, and three money moves to position yourself on the right side of this shift. | | Watch Porter Stansberry's full briefing and learn how to prepare now |
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Consumer Discretionary | |
DraftKings (NASDAQ:DKNG) may have picked the wrong day to deliver a stellar earnings report. The online sports betting company delivered a sound beat on both the top and bottom lines before the market opened.
And after a sluggish start due to the broader market, investors seem to be in a buying m... Read the Full Story |
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Consumer Discretionary | | Shares of Nike (NYSE: NKE) have traded largely sideways since December and are down around 7% in the past week. They’re not alone, however. Equity markets as a whole have taken a tumble in the last few sessions, with the Nasdaq index logging its worst day since October on Thursday. It’s ... Read the Full Story |
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Retail/Wholesale | | Fiverr (NYSE: FVRR) shares are down more than 12% this week after multiple sources reported that Microsoft (NASDAQ: MSFT) is building an online freelancing marketplace through its LinkedIn subsidiary.
LinkedIn will grab a nice piece of the online freelancing marketplace pie. That’s not up for... Read the Full Story |
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Industrials | |
Plug Power (NASDAQ:PLUG) is among the electric vehicle stocks that have faced much of the recent market backlash surrounding technology valuations. With the EV space unplugged at the moment, some companies may be finding new homes at more palatable prices while others are simply recharging for the... Read the Full Story |
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Medical | |
Now that we’ve seen some volatility in February, it might be time to take a long hard look at your portfolio holdings. If you were feeling very uncomfortable during the recent market weakness, you might be overexposed to things like growth stocks or simply haven’t accurately defined yo... Read the Full Story |
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The Early Bird Stock Of The Day Crescent Capital BDC, Inc. is as a business development company private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States. | | View Today's Stock Pick |
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