Market Review: June 23, 2021

Auto PostDaily Market Report

Closing Recap Wednesday, June 23, 2021 Index Up/Down % Last DJ Industrials -72.39 0.21% 33,873 S&P 500 -4.55 0.11% 4,241 Nasdaq 18.47 0.13% 14,271 Russell 2000 7.52 0.33% 2,303   Equity Market Recap ·     Stocks slid into the close after trading in positive territory the majority of the day, snapping the S&P 500-win streak at a modest 2-days, while the Nasdaq … Read More

Daily Commentary: June 23, 2021

Jeremy Engelbrecht1Option Commentary

This Sector Making New All-time High – Focus On These Stocks Posted by Pete Stolcers on June 23 www.1option.com   Yesterday the market added to the bounce from Monday and the selling we saw Friday was all quadruple witching related. The 50-day MA has attracted buyers each time it has been touched this year and that pattern continues. Without any … Read More

Mid-Morning Look: June 23, 2021

Auto PostDaily Market Report

Street Recommendations Wednesday, June 23, 2021 ARGUS ·     TGT – maintaining our BUY rating on Target Corp. and raising our 12-month target price to $265 from $250. Target’s 1Q financial results and strong holiday season performance suggest that it is one of the winners in a competitive retail sector. Management believes that the company boosted its market share by about $9 … Read More

Morning Preview: June 23, 2021

Auto PostDaily Market Report

Early Look Wednesday, June 23, 2021 Futures Up/Down % Last Dow 50.00 0.15% 33,885 S&P 500 2.50 0.06% 4,239 Nasdaq 14.75 0.10% 14,273     Markets are looking modestly higher in the U.S., tracking gains in Europe and Asia as investors appear at ease over the inflation picture after Federal Reserve Chairman Powell reiterated yesterday in testimony to Congress that … Read More

Market Review: June 22, 2021

Auto PostDaily Market Report

Closing Recap Tuesday, June 22, 2021 Index Up/Down % Last DJ Industrials 68.74 0.20% 33,945 S&P 500 21.67 0.51% 4,246 Nasdaq 111.79 0.79% 14,253 Russell 2000 9.85 0.43% 2,295   Equity Market Recap ·     Stocks jump again, adding to yesterday’s outperformance as the Nasdaq Composite posted its first intraday record high since April 29th (topping the prior 14,211 level) as investors … Read More

Mid-Morning Look: June 22, 2021

Auto PostDaily Market Report

Street Recommendations Tuesday, June 22, 2021 ARGUS ·     TSM init Buy and $150 tgt – We believe Taiwan Semi is positioned for multiple years of exceptional growth given an expanding array of drivers in the technology economy. These include accelerated digitization driving demand for traditional IT products and edge devices such as PCs and smartphones; cyclical drivers such as 5G and … Read More

Morning Preview: June 22, 2021

Auto PostDaily Market Report

Early Look Tuesday, June 22, 2021 Futures Up/Down % Last Dow -15.00 0.04% 33,746 S&P 500 -2.25 0.05% 4,211 Nasdaq -4.50 0.03% 14,126     U.S. stock futures are looking flat to down slightly ahead of testimony from Federal Reserve Chairman Jerome Powell, who is expected to tell Congress the economy has shown “sustained improvement” but that the recovery has … Read More

Market Review: June 21, 2021

Auto PostDaily Market Report

Closing Recap Monday, June 21, 2021 Index Up/Down % Last DJ Industrials 586.57 1.76% 33,876 S&P 500 58.25 1.40% 4,224 Nasdaq 111.10 0.79% 14,141 Russell 2000 48.35 2.16% 2,286   Equity Market Recap ·     Stocks opened higher, rising throughout the entire session, and making back half of last week’s losses as market fear is once again non-existent despite a change in … Read More

Mid-Morning Look: June 21, 2021

Auto PostDaily Market Report

Mid-Morning Look Monday, June 21, 2021 Index Up/Down % Last   DJ Industrials 496.27 1.49% 33,786 S&P 500 45.35 1.09% 4,211 Nasdaq 62.69 0.44% 14,092 Russell 2000 29.36 1.31% 2,266     U.S. equity futures are higher to start the day as last week’s losers (energy, financials, materials) are among the early leaders, pushing the S&P 500 and Dow higher … Read More

Morning Preview: June 18, 2021

Auto PostDaily Market Report

Early Look Monday, June 21, 2021 Futures Up/Down % Last Dow 190.00 0.57% 33,345 S&P 500 18.0 0.43% 4,171 Nasdaq 61.75 0.44% 14,096     U.S. stock futures are looking sharply higher, tracking gains in Europe while Asian markets decline with global stock markets mixed. Stocks ended lower last week after the Federal Reserve said Wednesday it expects to raise … Read More