The major indexes are down except for the Nasdaq, lifted by Tesla and its solid earnings report — and more in Thursday's stock market recap.
Tesla reported better-than-expected earnings per share, sending the stock higher despite its falling automotive margin. The EV manufacturer’s automotive margin for the second quarter came in at 27.9% compared to 32.9% for the previous quarter as it faced rising materials costs and part shortages due to supply chain issues.
In the travel sector, strong demand helped American Airlines report results that were largely in line with analyst expectations despite inflation and COVID-19 concerns.
United Airlines released its first quarterly report without government aid since the start of the pandemic, coming in below Wall Street estimates and causing the stock to slide about 8% in premarket trading.
In this morning’s stock market recap video, you’ll learn which sector is set to lead and why… which sector to stay away from for the next few sessions… why the market is rallying and when will the rally end… an update on earnings season and two stocks to watch… the top sector right now and how to profit from it… plus a critical update on the Pattern Trader strategy!
FIVE secret patterns have achieved a 100% win rate on LIVE trade alerts so far!*
All while the markets have been a complete train wreck!
That’s why I’m going LIVE at 1 p.m. EDT on Thursday, July 21, to reveal these five secret market patterns…
You’re going to see exactly what the patterns are, the historic win rate and profit factor of each… and even get the exact entry and exit rules of the strategy.
All at absolutely no cost!
This could be the biggest discovery of my entire career, and I can’t wait to share this major breakthrough with you!
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
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