The major indexes rose Wednesday morning as investors waited to hear from the Federal Reserve.
The Federal Open Market Committee is expected to make its latest policy decision and raise interest rates 0.25% at 2 p.m. ET today. Chair Jerome Powell will hold a news conference at 2:30 p.m. ET.
Meanwhile, earnings season continues with heavy hitters Ford Motor Co. (NYSE: F) and Starbucks Corp. (Nasdaq: SBUX) beating analyst estimates.
Qualcomm Inc. (Nasdaq: QCOM) and TripAdvisor Inc. (Nasdaq: TRIP) report earnings after the bell Wednesday, while tech titan Apple Inc. (Nasdaq: AAPL) reports after the close on Thursday.
In this morning’s stock market recap video, I’ll discuss what to expect from the Fed today and why… how to monitor the bond market for big news after the FOMC announcement… what to expect from the S&P 500 in the next few days… if tech is overbought and what the next major catalyst is… plus which stocks I’m focused on to the upside and which stocks look great to sell short!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
We’re in the thick of earnings season, with dozens of companies reporting just about every day. It’s a lot to sort through…
But with tech entrepreneur Micah Lamar’s new strategy, you don’t have to!
Micah discovered a brand-new way to target outsized “profit cycles” within shares of Apple. It all has to do with waiting for a few specific indicators to align…
He’s going to reveal those indicators and how he uses them live at 1 p.m. ET today, May 3!
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.
Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!
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.