In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at Sabre Corp. as tech stocks saw massive selling.
The stock market is a bloody mess Wednesday as the Nasdaq and S&P 500 continue to sell off, with barely a green candle in sight.
Stockholders are feeling a lot of pain, which is why it pays to stay nimble and trade in and out of positions in volatile markets like this.
That mercenary mentality has saved my bacon over the past few sessions, especially with the monster breakdowns we’re seeing in retail in names like Target and Walmart.
On top of retail names taking a dive, we’re also seeing massive sell-offs in junk growth stocks across the tape.
Shares of travel software firm Sabre Crop. added another 4% drop on Wednesday to an almost 30% one-month decline… And the bears are hungry for more downside!
And that’s just a taste of the flood of downside plays hitting the tape Wednesday…
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