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1 Long, 1 Short Trade as Stocks Jump on Earnings

by | Jan 19, 2022

The markets are poised to open higher following the Nasdaq’s recent slide as earnings season continues — and more in Wednesday’s stock market recap.

There’s not much in the news affecting the markets right now aside from interest rates and earnings, which have so far been solid.

About 80% of the companies that have reported have beat on earnings-per-share estimates, and 80% to 85% have beat on revenue estimates.

Bank of America Corp. (NYSE: BAC) missed on estimates for fourth-quarter revenue but beat on profit estimates, sending shares up 4% in premarket trading. Morgan Stanley (NYSE: MS) found itself in a similar situation and rose about 5% pre-market.

Consumer goods provider Procter & Gamble Co. (NYSE: PG) topped expectations for both quarterly earnings and revenue, boosting its full-year forecast and sending shares up about 1%.

Procter & Gamble also confirmed something we saw coming months ago here at WealthPress … Shoppers are largely unfazed by higher prices, which means more price increases are on the way… 

In this morning’s stock market recap video, you’ll learn why I believe stocks are headed higher… get an update on market internals and momentum levels… take a deep look into the bond market… plus you’ll get my top long and short trades, each with an option strike and expiration. 

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! 

Stock Market Recap: By the Numbers

This morning’s stock market futures recap: 

DOW (mini)

  • Close: 35,368.47. 
  • Futures: 35,373. 
  • Change: +114. 

S&P 500 (mini)

  • Close: 4,577.11. 
  • Futures: 4,590.25. 
  • Change: +18.5. 

NASDAQ (mini)

  • Close: 15,210.76. 
  • Futures: 15,290.75. 
  • Change: +85.5. 

RUSSELL (mini)

  • Close: 2,096.23. 
  • Futures: 2,105.6. 
  • Change: +13.5. 

Note: Updated as of 9:20 a.m. EST 

P.S. How Traders Can Get 7:1 Returns on Their Money

How does risking just $1 dollar for the opportunity to make $7 sound?

What about $1,000 to potentially make $7,000?

This is what we call the “profit factor” — the risk-to-reward ratio for an investment. 

A profit factor over 2.0 is good, while anything above 3.0 is considered outstanding. 

For every $1 risked, one strategy has seen $7 in return

And I’ve perfected the strategy that’s scored a profit factor of 7.05 over the past 12 years of trading!

See How I Do It

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!

Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

Roger Scott

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