Financial Markets Today: Quick Take – August 8, 2022
Monday, 8 August 2022, 08:28:00
Equity markets were churned by the July US jobs report on Friday, first falling sharply as treasury yields jolted higher on the day, but later rallying back to close the day only modestly lower. The US yield curve is about 10 basis points from its most dramatic inversion since 1982 as the market eyes an incoming recession despite the strong US jobs data and July ISM Services data last week. This week’s chief data focus is the Wednesday US July CPI data release. What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I). US equity markets saw a very choppy session on Friday as interest-rate sensitive growth stocks dipped sharply on the strong July US jobs report. The broader market recovered most of the lost ground intra-day, but performance across themes was very mixed, with our Energy Storage basket the best performer among our “theme baskets”, likely on the passage of the climate bill by the US Senate (more below). Earnings season is winding down for the quarter, but a few prominent names are set to report this week, including Walt Disney on Wednesday.
— SAXO Group
Global Markets Slump With Terrified Traders Tracking Pelosi”s Next Move
Tuesday, 2 August 2022, 14:05:30
Global Markets Slump With Terrified Traders Tracking Pelosi”s Next Move Forget inflation, stagflation, recession, depression, earnings, Biden locked up in the basement with covid, and everything else: today”s it all about whether Nancy Pelosi will start World War 3 when she lands in Taiwan in 3 hours. US stocks were set for a second day of declines as investors hunkered down over the imminent (military) response by China to Pelosi”s Taiwan planned visit to Taiwan, along with the risks from weakening economic growth amid hawkish central bank policy. Nasdaq 100 contracts were down 0.7% by 7:30a.m. in New York, while S&P 500 futures fell 0.6% having fallen as much as 1% earlier. 10Y yields are down to 2.55% after hitting 2.51% earlier, while both the dollar and gold are higher. Elsewhere around the world, Europe”s Stoxx 600 fell 0.6%, with energy among the few industries bucking the trend after BP hiked its dividend and accelerated share buybacks to the fastest pace yet after profits surged.
— Zero Hedge
Furious Rally Pauses As Sentiment Turns Metaworse Amid Record Earnings Barrage
Thursday, 28 July 2022, 14:04:23
Furious Rally Pauses As Sentiment Turns Metaworse Amid Record Earnings Barrage One day after the Nasdaq 100 posted its biggest jump since November 2020 when the market exploded higher after it interpreted Powell”s forward guidance purge and comment that it is “likely appropriate to slow rate increases at some point” as more dovish than expected, US stocks were set to pull back as downbeat earnings and a dire outlook from bad to Metaworse weighed on demand. Futures contracts on the technology-heavy Nasdaq 100 dropped 0.5% by 7:15 a.m. in New York, after the underlying gauge rallied 4.3% in the previous session. S&P 500 futures were down 0.2% after the benchmark index jumped to its highest level in seven weeks. Treasury yields were little changed and the dollar and bitcoin edged up. In premarket trading, Facebook parent Meta tumbled after it reported its first-ever quarterly sales decline as ad spend by businesses cooled, leading to a far worse than expected forecast. Qualcomm also slipped as it issued a lackluster forecast.
— Zero Hedge
Vestas Hits Headwinds, But Good Times Are Coming (OTCMKTS:VWDRY)
Monday, 20 June 2022, 20:30:20
Vestas is the world”s biggest turbine manufacturer. Read why I think Vestas is portioned to benefit from increased wind industry development.
— Seeking Alpha
3 Clean Energy Stocks for the Renewable Energy Boom
Saturday, 7 May 2022, 13:41:39
Clean energy stocks are likely to profit from the renewables boom, and these three stocks are set to capitalize on it in the long term. Sunrun ( RUN ): Q1 earnings can reverse the current trend of the stock. JinkoSolar ( JKS ): The world’s largest manufacturer of solar panels will undoubtedly benefit from a clean energy transition. Vestas Wind Systems ( VWDRY ): Growth in wind energy and government contracts can make the stock profitable. Source: Shutterstock Clean energy stocks will undoubtedly be profitable as the world transitions from Fossil fuels to clean renewable energy, and companies that develop these clean energy technologies are set to profit the most. Today, many of these companies are significantly undervalued, considering their prospects. Despite some pushback from climate change skeptics, the truth is that governments will be pouring even more money into these companies to supplement a clean energy transition. Thus, this is a great time to have a stake in these companies for early profits.
We recommend that you check out Capital.com as they have a very good selection of stocks available for both going short and long.