Stocks Recover But Are We Out of The Woods?

TL;DR

Major indexes experienced a strong session with gains in the Nasdaq, S&P 500, and Dow Jones. Volatility still present, requiring a grounded investing mindset.

Transcript

good afternoon everyone and welcome to stock market today it's alyssa chorim and I'm joined by Justin Nielsen and on today's show we're gonna be taking a look at gold miners as well as Apple and following up on Netflix after its quarterly earnings report last night but first let's take a look at the major indexes so we're starting off with a look a... Read More

Key Insights

• 🛝 Volatility is still present in the market, requiring investors to maintain a grounded investing mindset and be prepared for unexpected fluctuations.
• 😀 Netflix's subscriber growth exceeded expectations, but the company faces challenges in maintaining the stickiness of its subscribers and managing negative cash flow.
• 💁 Apple is forming a handle pattern before its earnings report, providing an opportunity for investors to build a cushion. However, caution is advised due to uncertainty surrounding earnings.
• 🥺 Gold miners, such as Barrick Gold and Newmont Mining, have seen increased movement in their stocks, leading to interest in ETFs like GDx and GDxJ as a way to play the group without individual stock risk.

Questions & Answers

Q: What were the major indexes' performances during the session?

The Nasdaq had a gain of approximately 2.8 percent, while the S&P 500 and Dow Jones also saw strong gains.

Q: How did Netflix perform in its quarterly earnings report?

Netflix's stock price dipped slightly, but subscriber growth surpassed expectations. The company continues to invest in original programming, leading to negative cash flow.

Q: What support levels should be monitored for the Nasdaq?

The 200-day moving average line and the high from a few days ago around 86-85 are important levels to watch for the Nasdaq's performance.

Q: How is Apple preparing for its upcoming earnings report?

Apple is forming a handle pattern, providing a potential cushion before the earnings report. However, buying right before earnings may still carry uncertainty.

Summary & Key Takeaways

• The Nasdaq saw a strong session, recovering from previous losses and surpassing its moving average lines. Support levels to watch include the 200-day moving average and the high from a few days ago.

• Netflix experienced a slight dip in stock price after its quarterly earnings report, but subscriber growth exceeded expectations. The company has negative cash flow due to investments in original programming.

• Apple is forming a handle heading into its earnings report next week. It temporarily dipped below its 50-day moving average but managed to regain it.