The Nasdaq is poised to open higher following Amazon’s strong fourth-quarter earnings report — and more in Friday’s stock market recap.
While Amazon.com Inc. (Nasdaq: AMZN) narrowly missed on revenue estimates, it crushed earnings, delivering $5.80 per share versus expectations of $3.57.
Amazon’s strong fourth quarter was largely thanks to its cloud business, as well as its investment in electric vehicle manufacturer Rivian Automotive Inc. (Nasdaq: RIVN), where it reported almost a $12 billion gain.
Its strength helped pull the Nasdaq up Friday morning, following a drop on Thursday due to Facebook’s dismal report.
We’ve seen a lot of volatility lately due to big tech companies’ earnings reports… But by the end of next week, the markets should start to settle as the effects wear off.
In this morning’s stock market recap video, you’ll learn why bonds are driving stocks right now… which sector offers the most resilience and lowest risk… how to trade the current market effectively… an update on major levels… whether the markets are set to drop or soar… plus I’ll show off a few winners from this week.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
P.S. I’m About to Unveil My Second Biggest ‘Buy Alert’ EVER
The extreme volatility we’ve seen recently will become the new normal… for the next several years... Making it a massive opportunity for targeting pullback trades.
Join legendary trader Tom Busby and myself at 11 a.m. EST on Saturday, Feb. 5, when we’ll lay out our “2022 Buy Back Plan,” a complimentary training session to teach everyone how to target pullbacks for profits.
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
DOW (mini)
- Close: 35,111.16.
- Futures: 34,775.
- Change: -196.
S&P 500 (mini)
- Close: 4,477.44.
- Futures: 4,442.5.
- Change: -26.5.
NASDAQ (mini)
- Close: 14,501.11.
- Futures: 14,378.25.
- Change: -114.
RUSSELL (mini)
- Close: 1,991.03.
- Futures: 1,968.6.
- Change: -17.8.
Note: Updated as of 9:16 a.m. EST
On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.
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!
- 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 Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.
