The market is flat as investors digest a slew of earnings reports — and more in Thursday’s stock market recap.
AT&T Inc. (NYSE: T), American Airlines Group Inc. (Nasdaq: AAL) and International Business Machines Corp. (NYSE: IBM) all came in ahead of top- and bottom-line estimates, helping to boost the market.
Tech favorite Tesla Inc. (Nasdaq: TSLA), meanwhile, missed revenue estimates and revealed that it expects to miss its target for 2022 deliveries. The news caused shares to slide about 4% in premarket trading.
In this morning’s stock market recap video, I’ll discuss whether earnings are better or worse than expected… if momentum levels are pushing stocks one way or another… why the bond market is stressing me out about tech stocks… whether Thursday’s data helps or hurts the current momentum levels… which ETF is starting to move and what it means for the market… which index is hurting the most and key levels to overcome… plus a full update on the global economy and what to expect in the next few days.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. How We’re Preparing for the Incoming Winter Crisis
Oil… The demand is high, and supply is low.
The reasonable solution would be to produce more oil in our own country, right?
But the problem is, over the past two years, we’ve been demolishing refineries here in the U.S., creating a coming winter crisis like no one has ever seen before.
And according to Joy of the Trade’s Jeff Zananiri, not only is a crisis coming… but it’s also creating one of the biggest opportunities he’s ever seen in one specific sector.
And he’s going live at 1 p.m. EDT on Thursday, Oct. 20, to share exactly what it is.
Watch Jeff’s Presentation 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.
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!
- 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.
