Articles from the Experts

Our experts offer free thoughts on the market almost every day. Follow the links to the articles on their sites to learn more about how they trade and what brokerage firms they use.

If you want a special on any of the services offered by our experts, visit Trade Comparison's Facebook page and "Like" us to get special discounts from any or all of our experts.

Wednesday morning brought new highs for the stock market, as investors continued to believe that improved conditions for the global economy are right around the corner. The naming of Christine Lagarde to take Mario Draghi's place as head of the European Central Bank brought new optimism for Europe's struggling economy. As of 11:15 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 95 points, to 26,882. The S&P 500 (SNPINDEX: ^GSPC) gained 14 points, to 2,987, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was higher by 45 points, to 8,154.

In North America, a couple of high-profile news items had major implications for the companies involved. Tesla (NASDAQ: TSLA) got good news on the delivery front, validating CEO Elon Musk's assertions about the electric-vehicle specialist being able to meet its goals. On the other hand, the surprise departure of Canopy Growth (NYSE: CGC) co-CEO Bruce Linton shocked many cannabis investors, even though the stock's response to the change in the executive suite was surprisingly muted.

Making the delivery

Shares of Tesla climbed more than 6% Wednesday morning following the release of second-quarter production and delivery information from the carmaker. The company successfully delivered 95,200 vehicles during the period, setting a new quarterly record and reassuring those who had feared that ongoing logistical challenges might cause a disappointing set of numbers.

The gain in deliveries came entirely from skyrocketing movement of the mass-market Model 3 sedan. Tesla delivered 77,550 Model 3s during the period, which was more than quadruple the roughly 18,450 cars it delivered in the second quarter of 2018.

Elsewhere, some Tesla watchers were troubled by the fact that upscale Model S and Model X vehicles once again saw substantial year-over-year declines. Deliveries of the two higher-end models were down more than 20%, to 17,650. However, Tesla managed to get more of these vehicles to customers than they did during the first quarter of 2019, with sequential growth coming in at 46%.

Even more encouraging for Tesla shareholders is the fact that even with higher delivery numbers, backlog for outstanding orders grew. That signals that demand for the vehicles remains high, and most of those following Tesla expect that the company should be able to meet the target of 360,000 to 400,000 vehicle deliveries for the full 2019 year.

Tap into the Incredible Financial Power of a Mysterious "Pattern" for Generating 50.91% Potential Returns WITHOUT Crazy Leverage or Risk...

Potentially Turn Every $1,000 Into $3,752,842.88 Trading Only Once
Every Two Weeks!

…AND Do It Without ANY Trading Experience Whatsoever.

Canopy makes a big move

Shares of Canopy Growth were unchanged Wednesday morning as they recovered from losses of as much as 5% earlier in the session. The move followed news that Bruce Linton would step down from Canopy's board of directors and give up his co-CEO title.

Canopy tried to position the transition as a necessary step in the cannabis company's evolution. As Linton said in the press release announcing the move: "Creating Canopy Growth began with an abandoned chocolate factory and a vision. The board [of directors] decided today, and I agreed, my turn is over." Yet in interviews following the announcement, Linton said that the decision to terminate his employment wasn't voluntary.

Mark Zekulin, who was co-CEO with Linton, will remain in the role during a transition phase. Yet Zekulin acknowledges his own eventual destiny, saying that, "I personally remain committed to a successful transition over the coming year as we begin a process to identify new leadership that will drive our collective vision forward."

Going forward, Canopy will find out just how important individual personalities are to the budding cannabis industry. Linton earned substantial respect for his achievements at Canopy, and his leadership likely opened doors where other executives wouldn't have been able to succeed. Shareholders seem convinced that the co-CEO's ouster won't hurt the company, but it's far from certain that Canopy will find a new leader who can match what Linton accomplished.

Source: https://finance.yahoo.com/news/stock-market-news-tesla-delivers-155900757.html

I hope you have an amazing Fourth of July!

The post Stock Market News: Tesla Delivers New Auto Records; Cannabis Pioneer Linton Out at Canopy Growth appeared first on Trading Concepts, Inc..

Traders were jittery on Tuesday after the the Trump administration threatened to slap tariffs on $4 billion of meat, cheese, and other EU goods in retaliation for the union's subsidies to aircraft-manufacturer Airbus. While US futures fell, European stocks were mixed. Airbus fell 0.3%.  

Traders' optimism had been lifted after Donald Trump and Xi Jinping struck a truce in the US-China trade war over the weekend, but the prospect of another trade war between the US and Europe "dented the market sentiment," said Konstantinos Anthis, head of research at ADSS. Trump's demand that a trade agreement with China would need to be "somewhat tilted" in America's favor further dampened the mood.

The US Trade Representative's office added the EU products to its list of $21 billion of eurozone goods that it has targeted for potential tariffs, in response to the harm caused to the US by Airbus subsidies. "The EU has taken advantage of the U.S. on trade for many years," Trump tweeted in April. "It will soon stop!"

Tap into the Incredible Financial Power of a Mysterious "Pattern" for Generating 50.91% Potential Returns WITHOUT Crazy Leverage or Risk...

Potentially Turn Every $1,000 Into $3,752,842.88 Trading Only Once
Every Two Weeks!

…AND Do It Without ANY Trading Experience Whatsoever.

Here's the market roundup as of 1 p.m. ET:

  • US stocks have drifted lower with the Dow Jones Industrial Average and S&P 500 down 0.2%, and the Nasdaq down 0.3%.
  • European equities were mixed with Germany's DAX flat, the Euro Stoxx 50 up 0.3%, and Britain's FTSE 100 up 0.8%.
  • Asian indexes were also mixed with the Shanghai Composite slightly down, Japan's Nikkei flat, and Hong Kong's Hang Seng up 1.2%.
  • Crude oil prices fell sharply with West Texas Intermediate crude down 3.1% at $57.20 a barrel, and Brent crude down 2.6% at $63.40.
  • Gold climbed 1.4% t0 $1,408 as investors shifted money to the haven asset.
  • Bitcoin was up 2.2% at $10,570.


Sourcehttps://markets.businessinsider.com/news/stocks/stock-market-news-futures-fall-trump-threatens-4-billion-eu-tariffs-2019-7-1028323647

Have a great day and I hope today’s article helps…be sure to drop me a line.

The post Stocks are dropping on trade-war jitters after Trump threatens another $4 billion in tariffs on EU goods appeared first on Trading Concepts, Inc..

U.S. stocks ended higher at the close of a choppy session of trading as investors considered the prospect of new tariffs on goods produced in the European Union.

The S&P 500 rose 0.29%, or 8.68 points, as of market close. The Dow  edged up 0.26%, or 69.25 points, while the Nasdaq advanced 0.22%, or 17.93 points.

Despite a pullback during early trading, the S&P 500 eked out a new closing high on Tuesday, ending at 2,973.01. This was the second consecutive day that the blue-chip index posted a record closing level.

Equity advances came even after the U.S. on Monday threatened to slap tariffs on about $4 billion worth of EU goods amid an ongoing World Trade Organization (WTO) case over the bloc’s subsidies of Airbus SE. The WTO is set to make a ruling later this year on the case to determine the extent of the unfair subsidies to Airbus. The Trump administration has suggested the EU’s support has been at the detriment of U.S. competitor Boeing (BA).

The announcement lays the groundwork for a broadening out of the Trump administration’s multi-fronted trade war, and comes just days after President Donald Trump agreed to a halt to tariff escalation on goods made in China.

The newly proposed duties would impact EU-made goods including cheese, pasta, whiskey, certain cuts of meat and some metals, and have been suggested as a “countermeasure in response to harm caused by EU aircraft subsidies,” the U.S. Trade Representative’s Office wrote in a statement. The USTR issued a request for public comment on the additional tariffs Monday.

Meanwhile, Treasury yields fell across the curve as a move to safe haven assets resumed after Monday’s risk rally. The 10-year Treasury yield, which moves inversely to the price, declined 5 basis points to 1.983% Tuesday afternoon Fed funds futures rose to see a 25.6% probability of a 50-basis point rate cut at the Federal Reserve’s July meeting, according to CME Group.

Tap into the Incredible Financial Power of a Mysterious "Pattern" for Generating 50.91% Potential Returns WITHOUT Crazy Leverage or Risk...

Potentially Turn Every $1,000 Into $3,752,842.88 Trading Only Once
Every Two Weeks!

…AND Do It Without ANY Trading Experience Whatsoever.

STOCKS

Uber (UBER) shares on Tuesday earned a new Hold rating and $50 price target from Stifel analysts. The firm acknowledged Uber’s “significant transportation and food delivery market opportunities,” but noted that key debates remain over the ride-hailing giant’s growth expectations and path to profitability. Stifel analyst Scott Devitt noted that Uber is the market leader in most regions, but competitive pressures, slower net revenue growth and uncertain future profitability justify a Hold rating.

Stifel analysts led by Devitt also raised their price target on shares of Lyft (LYFT) to $76 on Tuesday, from $70 previously, and maintained their Buy rating on the stock. Lyft’s management in May had underscored a reduction in costly rider incentives and more competitive rationalization across the ride-hailing sector, Devitt noted. He said he viewed Lyft as “well-positioned to extend rider growth momentum” through 2019.

Source: https://finance.yahoo.com/news/stock-market-news-july-2-2019-121122206.html

Have a fantastic day and I hope today’s article helps.

The post S&P 500 posts new record close as investors shrug off trade uncertainty appeared first on Trading Concepts, Inc..

U.S. markets settled mostly higher following new trade developments that China would ease foreign financial ownership restrictions in 2020, which is a year earlier than anticipated. While this was a relatively small concession, it was another positive sign the relationship between the U.S. and China continues to improve.

Volume was light as traders were slightly hesitant ahead of Wednesday’s shortened session, Thursday's holiday, and Friday’s monthly job report. Volatility continues to slide after closing below another key level of support.

The S&P 500 rose 0.3% after trading to a high of 2,973 ahead of the closing bell. Current and lower resistance at 2,975-3,000 held on the 2nd-straight record close for the index.

The Dow was also up 0.3% following the late day run to 26,787 and 1-point close below this level. Near-term and lower resistance at 26,750-27,000 was cleared and held with the all-time record peak at 26,951.

The Nasdaq extended its winning streak to 5-straight sessions after adding 0.2% while closing at its session high of 8,109. Resistance remains at 8,150-8,200 with the record high at 8,176.

The Russell 2000 bucked the trend after falling 0.6% while tapping a late day low of 1,552. Fresh and key support at 1,550 held with a close below this level getting 1,545-1,530 and the 50/200-day moving averages back in play.

Real Estate paced sector leaders after jumping 1.8% while Utilities soared 1.2%.

Energy was the weakest sector after sinking 1.8%. Financials fell 0.3% while Materials and Industrials were down 0.2%.

Tap into the Incredible Financial Power of a Mysterious "Pattern" for Generating 50.91% Potential Returns WITHOUT Crazy Leverage or Risk...

Potentially Turn Every $1,000 Into $3,752,842.88 Trading Only Once
Every Two Weeks!

…AND Do It Without ANY Trading Experience Whatsoever.
ANALYST UPGRADES/DOWNGRADES

CenterPoint Energy (CNP) upgraded to Conviction Buy from Buy at Goldman Sachs
Landstar System (LSTR) upgraded to Market Perform from Underperform at Raymond James
Medical Properties Trust (MPW) upgraded to Buy from Hold at SunTrust

Dave & Buster's (PLAY) downgraded to Hold from Buy at Jefferies
Roku (ROKU) downgraded to Sector Perform from Outperform at RBC Capital
Stryker (SYK) downgraded to In Line from Outperform at Evercore ISI

WEDNESDAY'S EARNINGS ANNOUNCEMENTS  
Before the open: ​International Speedway (ISCA)
After the close: None - market closes at 1pm (EST)


UPCOMING ECONOMIC NEWS 
Wednesday's economic reports (EST): 
MBA Mortgage Applications - 7:00am
Challenger Job-Cut Report - 7:30am
ADP Employment Report - 8:15am
International Trade in Goods - 8:30am
Jobless Claims - 8:30am
PMI Services Index - 9:45am
Factory Orders - 10:00am
ISM Non-Manufacturing Index - 10:00am

METALS / OIL
Gold closed at $1,408.00 an ounce, up $18.70​
Silver settled at $15.24 an ounce, up $0.05
Copper finished at $2.65 a pound, down $0.03
Crude Oil was at $56.26 a barrel, down $2.83
Bitcoin Investment Trust (GBTC) ended at $13.96, up $1.23



Please note: the markets are closed July 4th in observance of Independence Day. Our next market update will post on Monday, July 8th.

I hope this helps you prepare for the trading day. Make it a great one!

   Todd Mitchell


Not sure the best way to get started?

Follow these 3 simple steps ...

Step #1: Get These FREE Reports & Videos

Options INCOME  Profits   8 Video  Series    Habits that Kill Traders...



Step #2: Enroll in an Advisory or Educational Program
Premium Advisories | Featured  Educational  Programs 



Step #3: Connect with The Community
Trading Concepts Official Facebook Page

The post Bulls Stay Aggressive appeared first on Trading Concepts, Inc..

TRADING BLOCK

We got a little bit of insight into the trade war - no new tariffs.

North Korea stole all the trade war thunder over the last weekend.

S&P had best June performance since 1955.

MU up around 6%

Financial (XLF) and China (FXI) ETF’s up on trade news and bank stock buyback announcements.

NVDA, MU, AMD, (Chip makers and trade talks) AMZN,& AAPL - no surprises, often on the list of most traded.

Most active indices - VIX: 366k, SPY: 1.7M, SPX, 720k

Most active equity options - AAPL, BABA, MU, TSLA, AMD, BAC, FB, NVDA, T, MSFT

 

 

 

ODD BLOCK

Covered calls in Element Solutions Inc (ESI)

Put love in Domtar Corp (UFS)

Call love in (BP)

 

 

 

MAIL BLOCK

Question from Fidelity Customer - I bought some puts for a hedge and now they’ve lost 90% of their value, should I just close them out?

Question from Jigs - What is the coolest tool that Fidelity offers for options traders?

Question from WAWL - I like when you guys talk old-school WWE on the show. I know the stock was one of the best performers of last year but is now about 30% off its high. How are the options shaping up these days? Also when are the mini metals making a comeback?

 

 

 

AROUND THE BLOCK

This Week in the Market:

Jul 1 - Construction Spending

Jul 3 - International Trade, Jobless Claims, Factory Orders

Jul 5 - Unemployment, Fed Balance Sheet

McDonald’s crept to a record on Monday, and not for the first time this year.

The world’s largest burger chain and Dow component has hit all-time highs 18 times in 2019, racing 17% higher. A positive July would mark its seventh straight month in the green.

Two other fast-food stocks are serving up some major competition, according to Craig Johnson, chief market technician at Piper Jaffray.

“If we take a look at the chart of Chipotle here, this is a stock that has been in a pretty tight consolidation range, really since about March. It’s now breaking the topside of that consolidation range. and as an individual who looks at charts you’d look at a measured objective probably in the mid-$800s on that particular stock, ” Johnson said on CNBC’s “Trading Nation” on Friday.

A move to the mid-$800s would mark a roughly 16% rally from its current $732 level. The stock has never traded above $800.


“The second stock we’re ordering up is Shake Shack,” said Johnson. “This is a stock that is breaking out to new highs. You’ve just broken out, and you’re seeing confirmation with the relative strength trends also. So, from our perspective this is a stock that we think can move up appreciatively from here.”

A few tailwind themes have coalesced around these fast-food stocks that should continue to fuel their outperformance, says Steve Chiavarone, portfolio manager at Federated Investors.

Tap into the Incredible Financial Power of a Mysterious "Pattern" for Generating 50.91% Potential Returns WITHOUT Crazy Leverage or Risk...

Potentially Turn Every $1,000 Into $3,752,842.88 Trading Only Once
Every Two Weeks!

…AND Do It Without ANY
 Trading Experience Whatsoever.


“The first story is that of the consumer,” Chiavarone said during the same segment. “The consumer has remained strong despite some of the headline noise out there. You’ve got good unemployment numbers, moderate wage growth — maybe a little bit better than moderate wage growth — [and] gas prices have been relatively well behaved. So, overall the consumer is looking healthy.”

Chiavarone adds that a number of these companies are adapting to changing demographics and tastes and their evolution is paying dividends. McDonald’s, for example, has introduced self-serve kiosks, all-day breakfast, and higher-quality ingredients in the past several years.

“They’ve been doing some things to help themselves. So, by and large, we remain positive on the consumer and we think this group can benefit from that,” said Chiavarone.


Fast-food stocks were slightly lower on Monday after rallying in recent days. Chipotle and McDonald’s have added 1% in the past week, while Shake Shack has surged 4%.

Source: https://www.cnbc.com/2019/07/01/as-dow-stock-mcdonalds-hits-records-two-competitors-could-trounce-it.html

Have a genuinely great day and I hope today’s trading article helps you

The post As Dow stock McDonald’s hits records, two other fast-food stocks are about to trounce it appeared first on Trading Concepts, Inc..

U.S. stocks pared early gains Monday, including a new intraday high for the S&P 500, but still ended up on the day after Washington and Beijing agreed to refrain from escalating their trade dispute.

How did the benchmark indexes fare?

The Dow Jones Industrial Average DJIA, +0.44% closed up 117 points, or 0.44%, to 26,717, while the S&P 500 index SPX, +0.77% held onto a 0.77% gain, or 23 points, at 2,964. The Nasdaq Composite COMP, +1.06%  was 85 points higher, or 1.06%, at 8,091.

Earlier this morning, the S&P touched a new intraday high at 2,977.86, when it had risen as much as 36.1 points, or 1.2%. At its peak Monday, the Nasdaq rose 144.2 points, or 1.8%, while the Dow rose 290.68 points, or 1.1%.

The gains come after the Dow logged its best June since 1938 and the S&P 500 rang up its best June since 1955.

What’s driving the market?

Stocks initially jolted higher Monday after Saturday’s meeting between China’s President Xi Jinping and President Donald Trump at the G-20 meeting in Japan, mainly because Trump said the U.S. would maintain current tariffs but hold off on new ones. Trump also said he would ease up on a ban on Huawei, allowing U.S. companies to sell their products to the Chinese tech giant, though the company will remain on a trade blacklist.

Trump said talks went “even better than expected” and that “we’re going to work with China where we left off.”

Donald J. Trump@realDonaldTrump

I had a great meeting with President Xi of China yesterday, far better than expected. I agreed not to increase the already existing Tariffs that we charge China while we continue to negotiate. China has agreed that, during the negotiation, they will begin purchasing large.....

But the huge gains in early trade were short-lived. “I don’t like these larger run-ups over the weekend because they always seem to fizzle out,” said James Cox, managing partner at Harris Financial Group, in an interview.

“The gaming begins when trading starts, but the reality of the situation is that the potential damage of the trade war is already done,” he said. “We are about a year into the new trade regime and we are now just seeing the impact of tariffs on earnings.”

While the U.S.-China trade truce allows the world’s two largest economies to restart trade negotiations, there are still questions as to which products U.S. companies will be allowed to sell to Huawei. Investors also have been given little information as to the timing of future trade talks and whether or when existing tariffs could be rolled back. The Commerce Department is currently working on a reform of export licensing respecting Huawei, it told the Wall Street Journal.

But data on China and the global economy was less cheery, with a private gauge showing activity in China’s manufacturing sector cooling in June and moving into contraction territory.

“Economic data…was universally disappointing overnight,” wrote Tom Essaye, president of the Sevens Report, in a Monday note to clients. “Every manufacturing PMI missed expectations this morning, including those from China, Germany, the EU and Great Britain. All of those PMIs are now below 50, signaling widespread contraction in manufacturing activity.”

U.S. manufacturing showed surprising strength in June, however, with the IHS-Markit purchasing-manager’s index rising to 50.6 in June, from 50.1 in May. Separately the Institute for Supply Management’s (ISM) index showed the sector slowing from 52.1% in May to 51.7% in June, but the reading was better than economists expectations of 51.3%, per a MarketWatch poll.

“In the context of the trade news, the [ISM reading] is another positive,” said Mike Loewengart, vice president of investment strategy at E-Trade, in an interview, though he noted that the U.S. manufacturing sector has weakened in recent months. “When it comes to manufacturing, trade disputes are not without impact,” he said.

Meanwhile, construction spending fell by 0.8% in May, the largest decline since November and below economists’ expectations of 0.3% growth. Spending in April was revised higher to a 0.4% gain from the prior estimate of a flat reading.

Tap into the Incredible Financial Power of a Mysterious "Pattern" for Generating 50.91% Potential Returns WITHOUT Crazy Leverage or Risk...

Potentially Turn Every $1,000 Into $3,752,842.88 Trading Only Once
Every Two Weeks!

…AND Do It Without ANY Trading Experience Whatsoever.

What stocks are in focus?

Applied Materials IncAMAT, +1.71% shares ended up 1.7% Monday, after the chip-equipment company said Monday that it will purchase Kokusai Electric for $2.2 billion in cash from private-equity giant KKR & CoKKR, +2.41% .

Semiconductor stocks generally rallied early Monday, but trimmed gains. Shares of Qorvo IncQRVO, +5.96% were higher by 5.9%, Qualcomm Inc.QCOM, +1.91% gained 1.9% and Broadcom IncAVGO, +4.34% stock advanced more than 4%. The PHLX Semiconductor index SOX, +2.65% rose 2.6%

Boeing BA, -2.07%  shares dropped 7.5%, making it the biggest drag on the Dow for the day. The company has been struggling with the grounding of its 737 Max jets, but also more broadly is vulnerable to tariff negotiations.

Shares of Genesee & Wyoming IncGWR, +8.85% rallied 8.8%, after the railroad company agreed to be acquired by Brookfield Infrastructure Partners LP, in a deal valued at $8.4 billion, or 12% above its market value at the close of trade Friday.

Coca-Cola CoKO, +1.34% announced a decision from the American Arbitration Association that allows the company to sell a line of energy-drink products without breaking the terms of a contract with Monster Beverage Corp.MNST, +1.47% . Coke shares rose 1.3%, while Monster stock added 1.5%.

Shares of Coty IncCOTY, -13.51% fell 13.5% Monday, after the beauty-products company announced a turnaround plan that will add $160 million in extra costs and involve a $3 billion impairment of its intangible assets.

Dow component Pfizer IncPFE, +1.04% announced a successful study of on an eczema treatment product. Its shares rose 1% Monday.

Freeport-McMoRan Inc.’s stock FCX, -1.38% fell 1.4% Monday, after the metals miner lowered its second-quarter outlook given the drop in average copper prices during the quarter.

How did other markets trade?

The yield on the 10-year Treasury note TMUBMUSD10Y, -0.43% rose 2 basis point to 2.027%.

Asian markets jumped along with stock futures, while European stocks traded higher, with the Stoxx Europe 600 SXXP, +0.78% rising 0.8%.

The U.S. dollar DXY, +0.01% was on the rise, while gold prices US:GCM9  sank 1.8%, after scoring the biggest monthly gain in three years.

Oil prices US:CLM9 traded flat, after Russia and Saudi Arabia agreed to extend the Organization of the Petroleum Exporting Countries‘s deal to cut oil production by another six to nine months, according to comments by Russian President Vladimir Putin at the G-20 leaders summit in Japan on Saturday.

OPEC plus a group of 10 countries led by Russia will meet Monday and Tuesday in Vienna.

Source: https://www.marketwatch.com/story/stock-futures-soar-as-us-china-agree-to-truce-on-tariff-war-2019-07-01?mod=markets

I hope you enjoyed this article. Have a wonderful day!

The post S&P 500 settles below intraday high sparked by U.S.-China trade truce appeared first on Trading Concepts, Inc..

U.S. markets opened strong following weekend developments of a trade truce with China. The U.S. held off on additional tariffs for the time being and eased certain restrictions which helped fuel the rally. However, the fade afterwards was a bit of a concern with the small-caps briefly falling into negative territory.

Despite the action, the higher close across the board was a bullish signal with fresh all-time highs coming into play. Volatility also closed below a key level of support after falling nearly 7%.

The Nasdaq was up for the 4th-straight session after rising 1.1% and trading to a high of 8,150. Fresh and lower resistance at 8,150-8,200 was tapped but held with the all-time high at 8,176.

The S&P 500 soared 0.8% after trading to an all-time peak of 2,977 shortly after the opening bell. New and lower resistance at 2,975-3,000 held with on the close back above the 2,950 level.

The Dow gained 0.4% while kissing a morning top of 26,890. Near-term and lower resistance at 26,600-26,850 was cleared and held with the all-time record high at 26,951.

The Russell 2000 extended its winning streak to 4-straight sessions after adding 0.2% while reaching a peak of 1,586 on the open. Lower resistance at 1,585-1,600 was tripped but held on the 2nd-straight close below the 1,575 level.

Financials and Consumer Discretionary led sector strength after rallying 1.2% and 0.9%, respectively.

Utilities and Real Estate were the only sectors that closed in negative territory after falling 0.3% and 0.2%, respectively.

Tap into the Incredible Financial Power of a Mysterious "Pattern" for Generating 50.91% Potential Returns WITHOUT Crazy Leverage or Risk...

Potentially Turn Every $1,000 Into $3,752,842.88 Trading Only Once
Every Two Weeks!

…AND Do It Without ANY Trading Experience Whatsoever.
ANALYST UPGRADES/DOWNGRADES

Anaplan (PLAN) upgraded to Buy from Neutral at Goldman Sachs
Six Flags (SIX) upgraded to Overweight from Sector Weight at KeyBanc
United Therapeutics (UTHR) upgraded to Outperform from Neutral at Credit Suisse

Carnival (CCL) downgraded to Hold from Buy at Berenberg
SolarWinds (SWI) downgraded to Sell from Neutral at Goldman Sachs
Zoom Video (ZM) downgraded to Sell from Neutral at Goldman Sachs

TUESDAY'S EARNINGS ANNOUNCEMENTS  
Before the open: Acuity Brands (AYI), Alkaline Water (WTER), Greenbrier Companies (GBX), Omnova Solutions (OMN), Simply Good Foods (SMPL)

After the close: None


UPCOMING ECONOMIC NEWS 
Tuesday's economic reports (EST): 
Redbook - 8:55am

METALS / OIL
Gold closed at $1,389.30 an ounce, down $24.40
Silver settled at $15.19 an ounce, down $0.15
Copper finished at $2.68 a pound, down $0.02
Crude Oil was at $59.21 a barrel, up $1.01
Bitcoin Investment Trust (GBTC) ended at $12.73, down $2.40



  I hope this helps you prepare for the trading day. Make it a great one!

   Todd Mitchell


Not sure the best way to get started?

Follow these 3 simple steps ...

Step #1: Get These FREE Reports & Videos

Options INCOME  Profits   8 Video  Series    Habits that Kill Traders...



Step #2: Enroll in an Advisory or Educational Program
Premium Advisories | Featured  Educational  Programs 



Step #3: Connect with The Community
Trading Concepts Official Facebook Page

The post Nasdaq and Russell Up Four in a Row appeared first on Trading Concepts, Inc..

U.S. markets closed higher for the 2nd-straight session and ahead of President Trump and China President Xi’s face-to-face meeting at the G20 gathering over the weekend. The talks are not expected to result in a trade deal, although an agreement to continue trade negotiations would likely soothe fears of a breakdown in negotiations.

Friday’s action came after a number of Big Banks passed the Fed’s annual stress test and got the okay to raise dividends and share buybacks. The was a bullish signal for the market as the Financial sector is back to challenging late April and early May resistance levels on the breakout.

The Russell 2000 was up for the 3rd-straight session after soaring 1.3% while reaching a late day peak of 1,568. Prior and major resistance from mid-June and early May at 1,575 held with continued closes above this level getting 1,585-1,600 back in focus.

The S&P 500 was up 0.6% after settling 2 points off its session top of 2,943 ahead of the closing bell. Near-term and lower resistance at 2,950-2,975 held with the recent all-time high at 2,964.

The Nasdaq gained 0.5% to extend it winning streak to 3-straight, as well, after testing a high of 8,010. Current and lower resistance at 8,000-8,100 was cleared and held with the all-time high 2% away from triggering.

The Dow snapped a 2-session slide after advancing 0.3% while kissing a midday high of 26,638. Near-term and lower resistance at 26,600-26,850 was cleared but held by a smidge with the early October 2018 all-time and the 52-week high at 26,951.

For the week, the the Russell 2000 rose 1.1% while the Nasdaq gave back 0.4%. The Dow was down 0.5% and the S&P 500 was lower by 0.3%. For the month of June, The Nasdaq zoomed 7.4%; the Dow jumped 7%; the S&P 500 surged 6.9%; and the Russell 2000 rallied 6.8%.

Financials and Energy paced sector strength after rising 1.4% and 1.2%, respectively. Consumer Staples and Technology were the only sectors that showed weakness with dips of less than 0.1%.

The best performing sectors for the week included Materials and Financials (1.4%), Industrials (0.4%), and Energy (0.2%). The leading laggards were and Real Estate (-2.7%), Utilities (-2.2%), and Healthcare (-1.2%). For June, all sectors closed higher, led by Materials (up 9.9%) and Technology (6.8%).

Tap into the Incredible Financial Power of a Mysterious "Pattern" for Generating 50.91% Potential Returns WITHOUT Crazy Leverage or Risk...

Potentially Turn Every $1,000 Into $3,752,842.88 Trading Only Once
Every Two Weeks!

…AND Do It Without ANY Trading Experience Whatsoever.
ANALYST UPGRADES/DOWNGRADES

AutoZone (AZO) upgraded to Outperform from Perform at Oppenheimer
Procter & Gamble (PG) upgraded to Buy from Neutral at Goldman Sachs
Smart Global (SGH) upgraded to Buy from Hold at Needham

Darden (DRI) downgraded to Equal Weight from Overweight at Stephens
Live Nation (LYV) downgraded to Sell from Neutral at Citi
Walgreens Boots Alliance (WBA) downgraded to Neutral from Outperform

MONDAY'S EARNINGS ANNOUNCEMENTS  
Before the open: Singing Machine (SMDM)

After the close: Aethlon Medical (AEMD)


UPCOMING ECONOMIC NEWS 
Monday's economic reports (EST): 
PMI Manufacturing Index - 9:45am
ISM Manufacturing Index - 10:00am
Construction Spending - 10:00am

METALS / OIL
Gold closed at $1,4123.70 an ounce, up $1.70
Silver settled at $15.34 an ounce, up $0.05
Copper finished at $2.70 a pound, down $0.01
Crude Oil was at $58.20 a barrel, down $1.26
Bitcoin Investment Trust (GBTC) ended at $15.13, up $1.31



  I hope this helps you prepare for the trading day. Make it a great one!

   Todd Mitchell


Not sure the best way to get started?

Follow these 3 simple steps ...

Step #1: Get These FREE Reports & Videos

Options INCOME  Profits   8 Video  Series    Habits that Kill Traders...



Step #2: Enroll in an Advisory or Educational Program
Premium Advisories | Featured  Educational  Programs 



Step #3: Connect with The Community
Trading Concepts Official Facebook Page

The post Small-Caps Shine Despite Bearish Week appeared first on Trading Concepts, Inc..

Will there be a truce, a deal or a further breakdown? All eyes are on this weekend’s G-20 showdown between President Donald Trump and Chinese leader Xi Jinping. For investors on edge about the trade outcome, here are the make-or-break stocks with the most to win or lose, according to Goldman Sachs.

The bank screened Russell-1000 Index member companies for those with high revenue exposure to Greater China, using 2018 company filings.

The list is concentrated in chipmakers including Qorvo, Qualcomm, Micron Technology, Nvidia, Broadcom and Intel. Semiconductors are already under pressure after the Trump administration blacklisted Chinese telecom giant Huawei, a big customer of U.S.-made chips. Nvidia has fallen nearly 9% this quarter, and Micron, while surging double-digit on its earnings on Thursday, is still down more than 7% in the past three months.

Tap into the Incredible Financial Power of a Mysterious "Pattern" for Generating 50.91% Potential Returns WITHOUT Crazy Leverage or Risk...

Potentially Turn Every $1,000 Into $3,752,842.88 Trading Only Once
Every Two Weeks!

…AND Do It Without ANY Trading Experience Whatsoever.

The YUM! spin-off Yum China has 100% of its sales from China, while casinos Wynn Resorts and Las Vegas Sands are also heavily relying on their revenue in China. Fiber laser manufacturer IPG Photonics, integrated power solutions company Monolithic Power Systems, supplier of automatic test equipment Teradyne are also on Goldman’s list.

Investors have been eyeing the G-20 meeting as the next biggest market risk after the Federal Reserve opened the door to an easier monetary policy, sending stocks to new highs. Major equity indices have been relatively muted this week as traders awaited the key meeting on Saturday.

Xi was reportedly prepared to present terms of an agreement but that China wanted a deal with “balance, ” which the U.S. has no interest in.

Major Wall Street banks generally have low expectations, seeing a cease-fire as the most likely outcome this weekend, a result that could cause a relief rally in these names.

Source: https://www.cnbc.com/2019/06/28/here-are-the-stocks-goldman-says-have-the-most-on-the-line-facing-g-20.html

I hope you enjoyed today’s article, feel free to let me know what you think and feel free to share it with a trading friend.

The post Here are the stocks Goldman says have the most on the line this weekend with Trump-Xi talks appeared first on Trading Concepts, Inc..

Pages