U.S. stock futures are flat as the 10-year Treasury yield tops 2.9% — and more in Tuesday’s stock market recap.
The S&P 500, Nasdaq and Dow started the week with small losses in another up-and-down day after a holiday-shortened week.
Johnson & Johnson (NYSE: JNJ) reported an earnings beat and a revenue miss Tuesday morning, also announcing a halt in sales of its COVID-19 vaccine due to a supply glut and demand uncertainty.
Earnings season continues with Halliburton Co. (NYSE: HAL), International Business Machines Corp. (NYSE: IBM) and Netflix Inc. (Nasdaq: NFLX) reporting on Tuesday.
Halliburton fell as much as 2.76% in premarket trading after reporting a small beat of a penny per share after HAL hit a 52-week high of $42.25 Monday.
IBM and NFLX both report after the closing bell.
Investors are eager to learn how Neftflix’s slowing subscriber growth will affect earnings and revenue.
Tuesday’s earnings reports will give us a good feel for where the markets are headed for the rest of the week. And I’ll follow up on the earnings news on Wednesday.
In this morning’s stock market recap video, you’ll discover the earnings expectations for this week… an update on the long bond and whether it’s oversold… a deep look at one key sector that’s set to rise… my take on the global economy and whether it’s bullish… key levels for the major indices and whether they’ll soar or crash… plus a major update on stocks and what to expect from the market.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
P.S. There’s a Right Way and a Wrong Way to Trade Volatility
The secret to finding the strongest companies in the market right now is in what I call the “Super Stocks.”
Our biggest winners were selected by cutting all the dead weight out of the market, and then focusing only on the strongest names left standing.
That’s exactly what we do with my “Super Stocks” strategy.
And I have a special video on how this algorithmic strategy works…
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 34,411.69.
- Futures: 34,311.
- Change: -2.
S&P 500 (mini)
- Close: 4,391.69.
- Futures: 4,382.75.
- Change: -4.
- Close: 13,910.76.
- Futures: 13,879.
- Change: -28.75.
- Close: 1,990.13.
- Futures: 1,988.4.
- Change: +0.7.
Note: Updated as of 9:26 a.m. EDT
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to email@example.com!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.