When the stock market experiences a major sell-off, it typically doesn’t happen during the beginning of earnings season like it’s doing right now...
There’s also not a major catalyst on Wall Street causing stocks to go lower at the moment.
I mean, most things are already priced in… We don’t have a new COVID-19 variant besides omicron, the Federal Reserve isn’t making any drastic changes or actions, and most of all, things look stable.
I know I’ve been giving you guys my top finds lately, but because the major indices started the week down, I thought I’d give you a stock market update for the end of January 2022… It should help calm everyone’s nerves, too.
The markets opened higher following the Nasdaq’s recent slide as earnings season continues on a strong note — and more in Wednesday’s stock market recap.
There’s not much in the news affecting markets right now aside from interest rates and earnings, which have so far been solid.
About 80% of the companies that have reported have beat on earnings-per-share estimates, and 80% to 85% have beat on revenue estimates.
Bank of America missed on estimates for fourth-quarter revenue but beat on profit estimates, sending shares up 4% in premarket trading. Morgan Stanley found itself in a similar situation and rose about 5% premarket.
Consumer goods provider Procter & Gamble topped expectations for both quarterly earnings and revenue, boosting its full-year forecast and sending shares up about 1%.
Procter & Gamble also confirmed something we saw coming here at WealthPress months ago… Shoppers are largely unfazed by higher prices, which means more price increases are on the way…
And as earnings season continues, I have for you my top long and short trades, each with an option strike price and expiration!
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you’d like to see rankings for! All you have to do is reply directly to this email with your tickers!
These 2 Small-Cap Stocks Are the Best Bet for Profits in 2022
January 16, 2022
Most traders naturally flock toward large, well-known stocks — that makes sense because most are popular companies we’ve loved or heard about our entire lives.
2 Russell 2000 Stocks Setting up for Remarkable Runs in 2022
January 17, 2022
Most of my readers will tell you that my favorite index to search for hot stocks is the Russell 2000, which, give or take, holds names with market caps up to about $2 billion.
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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