Schaeffer

The stocks aim for daily gains but weekly price losses

The markets cooled off in the third week of April, posting the record highs and rising indices of the past week. The major indices fell into the red on Monday at the start of investors Take profits on some of the impressive price promotions of the past week. The Dow had a three-day winning streak while the tech-heavy Nasdaq saw a three-digit decline. The blue chip index recorded his second straight drop on Tuesday, even after some big names including Procter & Gamble (PG) and Johnson & Johnson (JNJ) came along impressive quarterly reports.

Big-name reports continued to come in on Wednesday, with all eyes on Netflix (NFLX) Subscriber growth missed estimates and poured cold water on many of his colleagues who stayed at home. However, the strength of small-cap stocks and the “reopening” made markets surge during the week as the S&P 500, Nasdaq Composite and Dow rebounded. Until Thursday news that US President Joe Biden will propose higher taxes on capital For Americans making $ 1 million or more, stocks were hit hard and all three indices were again lowered. However, investors seem to be suppressing this news during today’s trading. Stocks look ready daily profits this afternoon, although all three indices are heading for weekly losses.

Dive even deeper into the yield season

While we’ve highlighted some of the bigger names to get into the profit denomination, there was a lot more to do this week and more to look forward to as profit season approaches. One name that is upsetting Wall Street ahead of its annual report is Tesla (TSLA), as an option cops are piling up on EVs this week. anthem (ANTM) calls were also hugely popular this week after news of the company’s bullish first quarter.

Meanwhile Handy Bigwig, Verizon (VZ) was unable to take advantage of profits and sales that exceeded analysts’ estimates. Other stocks that are making big moves according to their quarterly reports include: Grab it (SNAP) and Intel (INTC), with the former posting better-than-expected sales while the latter was showered with bear notes after the second-quarter forecast missed analysts’ estimates.

Stocks ready to pop next month

Investors looking to buy stocks for sale should consider considering stocks that are pulling back on historically bullish trend lines. Some names that come across such trendlines this week are Sonos (SONO) and At home group (HOME), both of which currently also offer relatively inexpensive options. Some other stocks are blinking indicators of a possible rise. Whirlpool (WHR), which has seen positive post-profit moves in the past and just hit a new all-time high, appears ready for a round of bull notes. Lennar (LEN) could also be prepared for new upgrades from the brokerage pile while an analyst is already speculating on a big rebound Coupa software (COUP) warehouse.

Big Tech, Blue Chips Headline Another Week of Quarterly Reports

Investors will start the week by sifting through the orders for durable and core capital goods from the start, then diving into the Case-Shiller property price index. Later, all eyes will be on the Federal Reserve’s most recent interest rate decision, in addition to the initial and ongoing data on unemployment claims. In addition, traders will monitor the Chicago Purchasing Managers Index (PMI) and core inflation. The earnings denomination will be full of big tech and blue-chip names including 3M (MMM), Alphabet (togetL), Apple (AAPL), Eli Lilly (LLY), Tesla and Pinterest (PINS).

Meanwhile, traders can check out the latest Monday morning outlook where Schaeffer’s Senior VP of Research, Todd Salamone, breaks down the dangers of multiple iterations long-term technical pattern. Rocky White, Senior Quantitative Analyst at Schaeffer, is also investigating whether the The S & P 500 can keep its last run in the charts.

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