The market is down to start August following its best month since 2020 — and more in Monday’s stock market recap.
We had everything under the kitchen sink thrown at us last week — earnings from some of the biggest companies like Amazon and Apple, the latest gross domestic product data, the Federal Reserve’s latest interest rate hike…
Wall Street gave us a lot to digest, but since this week will be more subdued in terms of data, the market will have a chance to stand on its own.
The biggest catalysts this week will be earnings reports, with names like Advanced Micro Devices reporting on Tuesday, Fortinet and Moderna on Wednesday, and ConocoPhillips and Kellogg Co. on Thursday, among others.
In this morning’s stock market recap video, I’ll reveal the biggest threats and opportunities for the week…. why I'm concerned that tech and consumer stocks are overdone… the most probable scenario for energy and defensive stocks… the three most important earnings reports to focus on this week… plus I’ll point you to several 20-day breakouts we can fade right now!
What Lance Ippolito and his New Money Crew team have been working on is nothing short of incredible... It’s something totally different from anything he’s EVER done before.
It has nothing to do with option flow or insider buying, and it’s not a new trade alert service... Instead, it’s a brand-new indicator he’s been working on for years that he’s never shared before.
He thinks it could be a major asset for folks looking to survive — and even thrive — in 2022 and beyond.
And Lance just went LIVE to reveal all the details behind this incredible indicator…
Will the Market Rally on Apple, Amazon’s BIG Earnings?
July 29, 2022
The S&P 500 and Nasdaq are up on a strong earnings report from Apple as the consumer tech favorite beat Wall Street estimates for both quarterly earnings and revenue.
*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.
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "Is it Time to Fade Tech and Consumer Stocks?"
Post a Comment