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My Top ETF and Option Play as Tesla Drags Down Tech Stocks

by | Apr 20, 2023

The major indexes stumbled Thursday morning as investors considered the latest round of earnings reports.

Disappointing results from Tesla Inc. (NASDAQ: TSLA) dragged down tech stocks as the electric car manufacturer reported a decline of more than 20% in both net income and GAAP earnings compared to the previous year. The news caused shares to fall more than 7%.

About 16% of S&P 500 companies have reported earnings so far, with 62% beating expectations, according to FactSet.

Many investors are bracing for a decline this season, and the lack of profits and strong forward guidance has been cause for concern.

In this morning’s stock market recap video, I’ll discuss why the market is having a hard time moving higher… if the economy is really getting better or if the Federal Reserve is smoking funny stuff… what’s likely to happen next in the bond market… which sectors are the most vulnerable right now… an update on earnings season… a look into what will move the market in the week ahead… what to expect next from tech stocks… plus my top ETF and option pick!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

P.S. 4 Stocks Worth Trading This Week

AI stocks have been breaking out over the past week, and Lance Ippolito has seen a surge in volume flagged by his Master Indicator.

So he’s holding a special training session at 4 p.m. ET today, April 20, to show everyone how it works!

He’ll also scan for opportunities and share the handful of tickers and trade ideas he’s watching.

And as always, it doesn’t cost a thing to attend!

Sign Up for the Event 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!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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