U.S. stock futures including the Nasdaq rose Wednesday as the major indices shrugged off Netflix’s 27% drop in premarket trading — and more in Wednesday’s stock market recap.
Netflix Inc. (Nasdaq: NFLX) reported a quarterly subscriber loss for the first time in more than 10 years, with the news dragging down competitors Warner Bros. Discovery Inc. (Nasdaq: WBD), Walt Disney Co. (NYSE: DIS), Paramount Global (Nasdaq: PARA) and Roku Inc. (Nasdaq: ROKU).
Dow stock International Business Machines Corp. (NYSE: IBM) beat on both earnings and revenue, sending shares up 2.5% premarket.
Tesla Inc. (Nasdaq: TSLA) reports quarterly earnings after the bell Wednesday.
Investors are eager to hear how the company’s Shanghai factory is performing amid continued lockdowns in China due to COVID-19, as well as whether CEO Elon Musk will discuss his $43 billion proposal to buy Twitter Inc. (NYSE: TWTR).
In this morning’s stock market recap video, you’ll discover why the bond market is turning and what it could mean for consumer stocks… current sentiment in the broader market… an update on earnings and the impact it can have on stocks… an update on the global economy and how it impacts the U.S… plus two trade ideas that look promising right now.
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!
And I have a special video on exactly 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:
DOW (mini)
- Close: 34,911.2.
- Futures: 34,960.
- Change: +119.
S&P 500 (mini)
- Close: 4,462.21.
- Futures: 4,474.25.
- Change: +15.
NASDAQ (mini)
- Close: 14,210.26.
- Futures: 14,252.5.
- Change: +36.25.
RUSSELL (mini)
- Close: 2,030.77.
- Futures: 2,042.2.
- Change: +13.7.
Note: Updated as of 9:24 a.m. EDT
Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!
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 support@marketgeeks.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.
