Share to Twitter Share to Linkedin Here is how the month of February breaks down in terms of the odds of a higher market from 4 views: All Februarys: 53.7% Election Year +3: 67.7% Decennial Pattern: 53.8% Both Election and Decennial Pattern: 66.7% Here are the cycles-based trade recommendations for the DJIA stocks in this month. In January, the long trades returned an average of +3.1% versus a change of +2.8% in the DJIA in comparison to a return of +9.1% for the short sales. Over the last 35 months, the long stocks have risen by an amount about 55% greater than that of the short sales and 29% over the DJIA. The short sales were net negative over that time period at -8%. For this month, the cycle/relative strength concept is applied. First, the Dow Jones 30 stocks are ranked from the best performer to the worst by calculating the expected return in that month. The top stocks were screened as follows. The top best traditional performers in the … [Read more...] about Dow Stocks To Trade In February
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Last Year Was Horrible In Retail, But This One Looks Worse
Share to Twitter Share to Linkedin For most investors, 2022 was a year of ups and downs, but mostly downs. In its worst year since the Great Financial Crisis, the S&P 500 finished out the year down by almost 20%. It was even worse in the tech space, with the NASDAQ Composite down by 33%. By comparison, the 8.8% decline in the Dow Jones Industrial Average (DJIA) almost seems like good news. Things were no better in the fixed income space, with one analysis calling 2022 the worst-ever year on record for US bond investors. The Fed continued to push interest rates higher, finishing the year with a total increase of 425 basis points. Analysts predicted just a 75 bps rise last January. Following the December increase, the Fed funds rate is now at its highest since 2007. Looking forward, most economists still predict a recession and expect it to hit either late this year or in early 2024. That makes for an environment in which the distressed securities … [Read more...] about Last Year Was Horrible In Retail, But This One Looks Worse
Dow Falls Nearly 400 Points: Goldman Stock Losses Top $9 Billion After Worst Earnings Miss In A Decade
Share to Twitter Share to Linkedin Topline The Dow Jones Industrial Average suffered its largest daily drop of 2023 on Tuesday as a rocky earnings season rippled through Wall Street, wiping billions of dollars in value from some of the market's largest firms, though several big-name stocks rallied. Key Facts The Dow sank 360 points, or 1.1%, largely due to the nosedive of the index’s second-largest component by weight, Goldman Sachs. Shares of the investment bank fell 7.2% after it reported a nearly 70% year-over-year decline in quarterly profits, marking the firm's worst earnings miss in a decade as operating expenses surged 11% in the quarter; the one-day stock plunge wiped away $9.1 billion in market capitalization Tuesday. Goldman took home the dubious honor of the worst performing stock with a market cap over $35 billion, closely followed by Travelers and its 5% decline after the insurance company disclosed $459 million in losses … [Read more...] about Dow Falls Nearly 400 Points: Goldman Stock Losses Top $9 Billion After Worst Earnings Miss In A Decade
Dow Falls 260 Points: Stock Sell-Off Intensifies As Investors Quit Cheering On Bad Economic News
Share to Twitter Share to Linkedin Topline Stocks slipped for a third consecutive session Thursday, with the Dow Jones Industrial Average wiping out all of its 2023 gains following a strong start to January, as the market continued to drop on the latest signals of a poor macroeconomic situation. Key Facts The Dow fell 260 points, or 0.8%, while the S&P 500 and tech-heavy Nasdaq dropped 0.8% and 1%, respectively, as each index looks to bounce back from their worst years since 2008 as the Federal Reserve’s hiked interest rates at the fastest pace in decades in its effort to tame inflation. Thursday’s slip comes as investors digested the latest economic data laying forward an uncertain path for the economy as it flirts with a recession. The number of new constructions breaking ground and the amount of new building permits each slipped further in December to multi-month lows; the Philadelphia Fed’s monthly manufacturing index registered its … [Read more...] about Dow Falls 260 Points: Stock Sell-Off Intensifies As Investors Quit Cheering On Bad Economic News
Big Tech Stocks Lose $170 Billion After Microsoft Sets Off Earnings Recession Whistles
Share to Twitter Share to Linkedin Topline Stocks fell Wednesday after Microsoft’s quarterly earnings report fell far short of expectations, with the top technology stocks leading the drop as fears mount about how lackluster macroeconomic conditions will impact corporations’ financial health. Key Facts Microsoft fell 4% in early trading and dragged down its peers as all five stocks in the FAANG grouping — Facebook parent Meta (-0.2%), Amazon (-2.9%), Apple (-1.8%), Netflix (-0.4%) and Google parent Alphabet (-1.6%) — and Tesla (-1.9%) all were in the red. Those seven companies lost $171.7 billion in market capitalization as of 9:40 a.m. EST, led by Microsoft’s $72 billion dip. Stocks were down broadly amid the Microsoft-fueled earnings concerns, with the Dow Jones Industrial Average losing 0.6%, about 210 points, the S&P 500 down 1.1% and the tech-heavy Nasdaq down 1.6%. The coming days will be crucial for these typically … [Read more...] about Big Tech Stocks Lose $170 Billion After Microsoft Sets Off Earnings Recession Whistles
Big Tech Stocks Lose $120 Billion After Microsoft Sets Off Earnings Recession Whistles
Share to Twitter Share to Linkedin Topline Stocks fell Wednesday after Microsoft’s quarterly earnings report fell far short of expectations, with the top technology stocks leading the drop as fears mount about how lackluster macroeconomic conditions will impact corporations’ financial health. Key Facts Microsoft fell 1.3% in early trading and dragged down its peers as all five stocks in the FAANG grouping — Facebook parent Meta (-1.1%), Amazon (1.5%), Apple (-1.5%), Netflix (-0.5%) and Google parent Alphabet (-3.4%) — and Tesla (-0.5%) all were in the red. Those seven companies lost $119.9 billion in market capitalization as of 1 p.m. EST, led by Alphabet’s $43 billion dip. Stocks were down broadly amid the Microsoft-fueled earnings concerns, with the Dow Jones Industrial Average losing 0.6%, about 320 points, the S&P 500 down 0.8% and the tech-heavy Nasdaq down 1.2%. The coming days will be crucial for these typically … [Read more...] about Big Tech Stocks Lose $120 Billion After Microsoft Sets Off Earnings Recession Whistles