|Day's Range||49.77 - 51.65|
Amid a 10-year-plus bull market, many investors can’t come to terms with the idea that there could be a substantial decline in the stock market.
Co-CIO Francis Gannon details research that shows why he believes small-cap earnings may have a multi-quarter turnaround Continue reading...
The UltraPro Short QQQ ETF , which aims to return triple the inverse of the technology heavy Nasdaq 100 index's performance, surged 7.8% on volume of 1.9 million shares, making it the most actively traded stock ahead of the open. The Ivnesco QQQ ETF , which tracks the Nasdaq 100, is losing 2.6% and is the second most actively traded with volume of 1.7 million shares, as worries over the global spread of COVID-19 triggers a stock market selloff. Of the Nasdaq 100's components, only 5 stocks aren't falling, with 3 little changed and shares of Gilead Sciences Inc. gaining 2.9% and Comcast Corp. taking on 0.4%. The losers are led by Advanced Micro Devices Inc. fell 6.5%, Fastenal Co. dropped 5.8% and Nvidia Corp. shed 5.8%.
On Friday, the Invesco QQQ Trust (QQQ) decreased 1.9%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.9% and SPDR S&P 500 ETF (SPY) dropped 1.1%. Dragging on the markets, the IHS Markit’s Purchasing Managers’ index of services sector activity slipped to its lowest level since October 2013 and revealed a contraction for the first time since 2016, Reuters reports. “With the stock market overvalued and extended, especially with tech stocks being overweight, when you get these negative data points, it is an excuse to take some profits,” Mike Gibbs, director of portfolio and technical strategy at Raymond James, told Reuters.
There are no reported new countries where the Wuhan coronavirus -- COVID-19 -- appears to have spread as of today, though the death toll as well as the number of confirmed cases continues northward.
Portfolio Manager Jay Kaplan recaps investors on how our Dividend Value Approach performed in 2019 and how 2020 may be better Continue reading...
U.S. markets and stock ETFs retreated Thursday on growing fears that the coronavirus outbreak could be more contagious than previously believed. On Thursday, the Invesco QQQ Trust (QQQ) decreased 0.9%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.4% and SPDR S&P 500 ETF (SPY) dropped 0.4%. The broad markets declined sharply in early morning trading and remained depressed throughout Thursday after a Global Times report revealed a central Beijing hospital had showed 36 new cases, fueling fears of a spreading contagion in China's capital, Reuters reports.
U.S. markets and stock ETFs climbed Wednesday after China promised to support local business with another round of stimulus measures to combat the slowdown in the wake of the coronavirus contagion. On ...
There are three sides to every (stock market) story: The bull side, the bear side and the truth. Looking at all stocks traded on the New York Stock Exchange is helpful because this number is not skewed by a few high-flying tech stocks. The chart below (green lines) highlights the last two times the share of stocks on the NYSE that were at 52-week highs set a two-year record.
Steve Lipper discusses the opportunities asset allocators can find in international small-caps based on their historically lower volatility as well as their absolute and relative performance Continue reading...
U.S. markets and stock exchange traded funds retreated Tuesday after Apple's warning of a revenue hit in response to the diminished economic activity from the coronavirus outbreak in China, potentially marking the first negative outlook among large multinational companies. On Tuesday, the Invesco QQQ Trust (QQQ) fell 0.1%, SPDR Dow Jones Industrial Average ETF (DIA) was down 0.7% and SPDR S&P 500 ETF (SPY) dropped 0.4%. Technology bellwether Apple revealed a surprise sales warning Tuesday that fueled risk-off selling over the potential impact of the coronavirus on the global economy.
U.S. markets and stock ETFs dipped Friday as concerns about the potential economic impact from the sudden turn in coronavirus cases weighed on risk sentiment. On Friday, the Invesco QQQ Trust (NASDAQ: ...
With a three-day weekend ahead of us and few concrete answers regarding the COVID-19 coronavirus, it may be difficult for stocks to hold onto the slight positive sentiment.