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My Top ETF and Option as GDP Misses BIG

by | Apr 28, 2022 | Market Updates

Nasdaq futures are up, boosted by a 15% gain in Meta Platforms following a mixed earnings report — and more in Thursday’s stock market recap.

Meta Platforms Inc. (Nasdaq: FB) missed on revenue but reported better-than-expected earnings and key engagement metrics, which sent shares soaring as high as $206 in premarket trading.

Twitter Inc. (NYSE: TWTR) reported earnings before the bell Thursday morning, possibly for its last time as a public company.

Revenue was slightly below estimates while monetizable daily active users exceeded expectations. Shares rose 1% to about $49 a share, still $5 below Tesla CEO Elon Musk’s cash offer of $54.20.

In addition to earnings, we also had the gross domestic product report, which came in well below estimates at minus 1.4% for the quarter.

This sent bond yields higher and in the video above, I’ll explain more about the relationship between bonds and GDP.

In this morning’s stock market recap video, you’ll discover why I believe tech is oversold… earnings and their impact on stocks… a deep dive into market internals… plus my top sector ETF with an option and strike price levels.

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. The 10-Time World Champ Is Back… 

Ten-time world trading champion Chuck Hughes is back to grace us with his presence once more.

And this time around, things are going to be a heck of a lot different…

In fact, Chuck just went LIVE to bring traders an opportunity he’s calling his boldest prediction yet! 

It’s not about a single stock, taking risky all-out short bets or 1,000% returns on Bitcoin or other cryptos…

It’s going to be even bigger than that.

Learn More Here! 

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: 33,301.93.
  • Futures: 33,405.
  • Change: +185.

S&P 500 (mini)

  • Close: 4,183.96.
  • Futures: 4,229.5.
  • Change: +49.25.

NASDAQ (mini)

  • Close: 13,003.36.
  • Futures: 13,217.75.
  • Change: +208.75.

RUSSELL (mini)

  • Close: 1,884.04.
  • Futures: 1,900.6.
  • Change: +19.5.

Note: Updated as of 9:27 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 support@marketgeeks.com!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

Roger Scott

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