The spread of the delta variant has investors worried about 2020-style lockdowns making a comeback and battering the travel, leisure, and airline stocks that have fought so hard to come back this year.
Wall Street is selling airline stocks short to the tune of $4 billion – and counting.
Andrew Keene thinks Wall Street's making (another) bad bet, and big profits will follow when the Street has to cover those gigantic short positions…
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Just when we thought we were out of the woods and on the other side of this pandemic, the meaner, more infectious COVID-19 Delta variant is currently jeopardizing our post-pandemic recovery.
While nobody knows if the surge in cases will return to 2020 peak levels, even the prospect of it is enough to move the markets.
And all this volatility spells opportunity, which is why Tom’s got the perfect way to play it for a chance to pocket 500%…
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Alcoa's report traditionally kicks off the "official" earnings season, but experienced investors know the action has already started.
Shah Gilani's recommending four earnings season stocks to buy today – companies with a mix of great results and great expectations that could really move over the next few weeks.
As a special "kicker," he's recommending two inexpensive, low-risk/high-reward trades, too.
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Airline stocks have had an impressive run over the last year, but as the vaccinations spread and restrictions drop, investors are wondering why these stocks aren't ratcheting higher anymore.
Some traders and investors are puzzled by the slowdown in recent weeks.
They should not be.
We aren't.
Shares of many airlines are now back to pre-pandemic levels.
There is no way that most of these stocks should be back at this level.
Here’s why airline stocks have plateaued and when they’ll go higher again…
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Now that we have two very effective coronavirus vaccines heading for the market, things appear to be looking up for the airlines.
Airline stocks have rebounded sharply in the last few weeks as it increasingly looks like we will be able to put the pandemic behinds us next year.
United Airlines (NYSE: UAL), for example, is up 20% since the start of November.
And if UAL rebounds to it's January highs investors could make over 100% profits.
That profit potential has investors asking the same question, "is now the time to buy airline stocks." The answer is yes.
And no.
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Stocks were at their lows for the year back in March when COVID-19 was spreading rapidly throughout the world for the first time.
It was a time of fear and panic in the financial markets as stocks fell about 35% from their all-time highs in February with little information to go on for the novel virus.
But then, the United States federal government went into their economic playbook and passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
This provided over $2 trillion in economic support to American workers, families, and small businesses.
In general, most of the stock market has reacted favorably.
Since the CARES Act was passed on March 27, the S&P 500 is up 30% to new all-time highs.
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The Dow Jones now could rise further as negotiations continue over a Congressional stimulus bill to address COVID-19.
President Trump has floated a potential $1.8 trillion direct stimulus program.
We still have to wait and see what happens in talks with Congress.
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The market's big struggle right now, its driving narrative, is between COVID-19 and the prospects of a new, multitrillion-dollar round of stimulus.
Stocks have rebounded over the past two days, after an apparent improvement in the president's COVID-19 symptoms merited his discharge from Walter Reed National Military Medical Center.
On the coronavirus front, investors seem to have digested the bigger picture: The virus remains a severe threat and a major disruptor, but death rates are declining right now, better therapeutics are available, and several vaccine candidates are on the horizon.
Against this backdrop, we've seen no convincing signs of progress in House Speaker Nancy Pelosi's and Treasury Secretary Steven Mnuchin's negotiations over a fresh multitrillion-dollar round of stimulus. The rally lost some significant "steam" on Tuesday after U.S. Federal Reserve Chair Jerome Powell and Speaker Pelosi stressed the need for fresh stimulus, then began a much steeper dive minutes after Trump said negotiations were off until after the November election.
White House-watchers and Wall Street insiders opined that Trump's abrupt move was likely a negotiating tactic, not the end of the stimulus road.
That's established the pattern investors will have to contend with: pullbacks, driven by stimulus worries, will be promptly followed by rallies, as coronavirus fears ease. Rinse and repeat, until further notice.
I'll tell you what I think of our stimulus chances, where the market will go next, and most importantly, the one profitable play you can make right now… Full Story
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We are in the midst of one of the most important earnings seasons to date.
The coronavirus has impacted revenue across the globe, and it isn't over. Now we're getting a glimpse as to how big that impact is.
The pandemic has left 174 million people unemployed worldwide, which has ultimately resulted in $2.1 trillion in lost income. Yet the Nasdaq just hit an all-time high of 11,069.
We don't know which way each stock will go after earnings, but we don't need to…
What we do know is there will be volatility in the coming weeks – and where there's volatility, there's opportunity. There are tons of gains on the table for your taking.
Today, I'm going to show you a strategy that allows you to secure profits no matter what direction stocks move on their earnings reports.
Then I'm going to give five trade recommendations to put this strategy to work now – you want to get into the first one by Thursday… Full Story
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The S&P 500 and Dow Jones were both down in early market trading as investors continued yesterday's sell-off.
Then, Jerome Powell said the U.S. Federal Reserve intends to keep interest rates near zero through 2022.
And he expects GDP to expand by 5% in 2021.
Stocks rallied across the board on the back on the announcement by the Fed Reserve Chairmen.
But only the Nasdaq closes the day in positive territory – up 1.2% and closing at a record high.
The S&P 500 was flat and the down was down 0.6%.
Here's what our experts – Chris Johnson and Shah Gilani – saw live at the open and close of the trading day.
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