Investors are weighing key earnings reports after a wild week of trading — and more in Monday’s stock market recap.
Bank of America Corp. (NYSE: BAC) and The Bank of New York Mellon Corp. (NYSE: BK) reported better-than-expected results Monday morning, following up the solid results from JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) last week.
Morgan Stanley (NYSE: MS), meanwhile, reported disappointing trading revenue.
It’s going to be a big week for tech stocks, with all eyes on International Business Machines Corp. (NYSE: IBM), Netflix Inc. (Nasdaq: NFLX) and Tesla Inc. (Nasdaq: TSLA). Other names like AT&T Inc. (NYSE: T), Verizon Communications Inc. (NYSE: VZ), Johnson & Johnson (NYSE: JNJ) and The Procter & Gamble Co. (NYSE: PG) also report.
If earnings continue to come in ahead of expectations, investors are hoping we’ll see the market stabilize.
In this morning’s stock market recap video, I’ll discuss which earnings reports are crucial this week… if the bond market is done trading lower for the time being… how strong the downside momentum in the market is right now… what to expect the first few days of the week from the overall stock market… an update on my favorite momentum levels… plus my favorite sectors and how to take advantage of them right now.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Lance’s Earnings Season Gameplan
Earnings can either make or break an account… you know this. And as many traders hide in fear or just simply sit on the sidelines during earnings season… New Money Crew’s Lance Ippolito starts salivating… smelling the massive trade opportunities!
You see, not only has his proprietary “Shadow Blitz” scanner helped him lock in winning trades week in and week out over the past few years… But it’s also proven to THRIVE inside small earnings windows!
By following what insiders and Wall Street whales are doing before the close, he landed 24 winners in 25 trades last earnings season — each for double digits or more!*
Join Lance’s live class this afternoon at 1 p.m. EDT, where he’ll lay out his game plan for earnings next week and how you can be in the best position to trade them!
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.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
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 firstname.lastname@example.org!
- 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.