Many forces are pulling at the stock market right now… Whether that be news, momentum levels or the bond market. The Nasdaq performed exceptionally well in 2020 but has cooled off a bit in the past couple of months.
And I have three big Nasdaq names on my radar that look solid, and one that could disappoint — and more in Friday’s stock market recap.
In today’s stock market recap, global shares are mixed with investors weighing positive S&P 500 earnings reports and jobless claims figures against possible tax hikes. Europe, Japan and South America continue to struggle with COVID-19 outbreaks and battered health care systems.
Weekly jobless claims exceeded expectations of 615,000 by posting 547,000 on Thursday. These numbers are the lowest since the COVID-19 pandemic started, and it shows us that vaccinations are successfully impacting our economy.
The S&P 500 continues to hover around all-time highs. I’ve been saying this for a while now but it’s only a matter of time until it pulls back to its 50-day moving average.
Forty one percent of Americans have at least been partially vaccinated. State governments are aggressively opening back up and people are tired of quarantine life. One of the biggest industries to benefit from opening back up is the restaurant industry.
Kraft Heinz Co. (Nasdaq: KHC) is set to rebound amid reopening. Let’s face it… Americans love ketchup. KHC is currently in a low-volatility, upward trend.
My second stock is an American multinational conglomerate. It is one of the FAANG stocks and hasn’t stopped moving higher in some time. It might have a small pullback in the future, but it is a stock to start considering now.
The third stock is in the Information Technology sector, primarily in the U.S. and Canada. This stock is up 77.78% in the last year!
With the economy opening back up, my fourth stock should also do well. It’s currently trading between the 50- and 200-day moving averages….
In today’s video, you’ll discover the biggest catalyst driving stocks right now… whether interest rates are going higher in the near term… which index is leading and which one is lagging behind… three Nasdaq stocks on my radar… and one travel stock that appears to be reversing.
P.S. We’ve had some wild swings in the market recently… And I’m willing to bet none of us have been able to time these moves.
But Wall Street legend Chuck Hughes has a brand-new strategy that’s giving everyday traders the chance to profit on thousands of stocks…
Regardless of the direction the stock market goes!
Imagine investing and having not worry about current momentum levels, how the bond market will move tomorrow, if earnings will match analyst predictions, or how economies are recovering from the pandemic.
Ready to learn how this strategy is even possible? Click on the link below to get more information about Chuck’s Weekly Profit Generator.
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.