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Category: Daily Picks
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GME up 21% In One day: Stock To Buy: XTL, XLV@06/03/2024
Market Overview Stocks finish mixed amid growth concerns: After opening higher, U.S. equity indexes lost steam through the day, as manufacturing data sapped some enthusiasm over the outlook for the economy. The latest ISM manufacturing index reading showed that factory production weakened recently, driven by a drop in new orders, which prompted stocks to give […]
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Market Rollercoaster: Tech Rebounds Amid Rising Crude Oil and Silver Prices: XLP, MMM, KO@05/31/2024
Market Overview Stocks mostly fell on Thursday because weak performance in the technology sector pulled the markets down. This weakness was mainly due to disappointing guidance from Salesforce, which announced its quarterly results after the market closed the previous day. Outside of major tech stocks, the markets did fairly well. Every sector in the S&P […]
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Tech weakness leads stocks lower, stock to buy: XRT, RIVN, HON, AU@05/20/2024
Market Overview Stocks mostly fell on Thursday because weak performance in the technology sector pulled the markets down. This weakness was mainly due to disappointing guidance from Salesforce, which announced its quarterly results after the market closed the previous day. Outside of major tech stocks, the markets did fairly well. Every sector in the S&P […]
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Stock Set up: JMIA, BROS@05/29/2024
Market Overview A few weeks ago, the S&P 500 broke out to new highs. Since then though, it’s mostly chopped around, not gaining or losing more than 1% from the closing price on May 15. We’ve seen consolidating price action elsewhere too, as Bitcoin digests its recent rally and as the Nasdaq 100 is only […]
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STOCK SETUP: SA, UCO, SKX, OPRA, VNOM @05/28/2024
Market Overview As if the recent trading volume wasn’t low enough, now we kick off the trading week on Tuesday due to the Memorial Day holiday on Monday. Stocks are tip-toeing into the week after the S&P 500 ended about flat last week and as investors focus on the remaining trading sessions in May. The […]
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