Stock futures rose as Tesla and United and American Airlines all reported positive earnings news — and more in Thursday’s stock market recap.
Tesla Inc. (Nasdaq: TSLA) soared 7% in premarket trading on better-than-expected earnings. United Airlines Holdings Inc. (Nasdaq: UAL) and American Airlines Group Inc. (Nasdaq: AAL) also rose 8.5% and 11.5%, respectively, on forecasts of bigger profits.
These first-quarter earnings reports helped propel the markets higher a day after Netflix Inc. (Nasdaq: NFLX) plummeted 35%. The streaming giant continued to fall Thursday morning, down 1.5% premarket.
The Dow rose 0.7% on Wednesday, putting it above its 200-day moving average. The S&P 500 is at its 200-day MA and the Nasdaq appears to be consolidating, all good signs for the market.
We also have Freeport-McMoRan Inc. (NYSE: FCX), Dow Inc. (NYSE: DOW), AT&T Inc. (NYSE: T) and many others reporting soon.
In this morning’s stock market recap video, you’ll learn how earnings impact stocks… which two sectors are flirting with new highs… what it means for stocks with the Dow near its 200-day moving average… if bonds will trade higher or lower… a global market update… plus which ETF could be a good buy right now and how to pair it with an option.
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!
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:
- Close: 35,160.79.
- Futures: 35,317.
- Change: +238.
S&P 500 (mini)
- Close: 4,459.45.
- Futures: 4,494.75.
- Change: +39.25.
- Close: 13,998.53.
- Futures: 14,169.25.
- Change: +164.5.
- Close: 2,038.19.
- Futures: 2,054.2.
- Change: +17.5.
Note: Updated as of 9:23 a.m. EDT
Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.
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.