Futures slid following Tuesday’s positive trading session as investors brace for more earnings news — and more in Wednesday’s stock market recap.
Streaming giant Netflix Inc. (Nasdaq: NFLX) jumped 6% in premarket trading after reporting a subscriber loss of 970,000, less than the 2 million projected.
While the company’s revenue came in under estimates, it reported better-than-expected earnings.
With earnings season heating up, I just held a special class for my Pattern Trader strategy, at absolutely no cost!
And I didn’t hold back… I revealed how I came up with this strategy, how it works, and even offered a FREE trade! So if you want to learn how I’ve generated nine winners in a row* — in this brutal market — go here to watch the replay!
While Netflix’s report was one of the most anticipated, several other heavy hitters are coming up this week, with Tesla Inc. (Nasdaq: TSLA) and United Airlines Holdings Inc. (Nasdaq: UAL) reporting Wednesday, American Airlines Group Inc. (Nasdaq: AAL) on Thursday and Twitter Inc. (NYSE: TWTR) on Friday.
Here’s a look at the rest of the companies reporting this week…
In this morning’s stock market recap video, I’ll reveal why sector rotation is confusing right now… the top breakout sector and why… which sectors are consolidating and what to expect next… the top stock to buy in a strong earnings-growth area… the bottom stock to sell with a horrible long-term trend… plus an update on volatility and the bond market.
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. Unbelievable 100% Win Rate, in THIS market?!
My 249 beta-testers actually did it!
The FIVE secret patterns have achieved a 100% win rate on LIVE trade alerts so far!*
All while the markets have been a complete trainwreck!
That’s why I’m going LIVE at 1 p.m. ET on Tuesday, July 19 to reveal these five secret market patterns immediately…
You’re going to see exactly what the patterns are, the historic win rate and profit factor of each one… and even get the exact entry and exit rules of the strategy.
All at absolutely no cost!
This could be the biggest discovery of my entire career, and I can’t wait to share this major breakthrough with you!
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 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 the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
