During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
September 20-25 Trade Ideas
2021-09-20 • Updated
US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article!
Let’s check the charts and set some goals!
NASDAQ (US100)
The US100 index plunges as the US dollar strengthens. The US stock market will face a big correction at the end of September!
Daily chart
NASDAQ faces the correction everybody has been waiting several months. US stock index gained by more than 120% since March 2020 drop. Targets are 14600 (2,7%) and 14000 (7,1%).
GOLD (XAU/USD)
Gold has always been the best safe-haven asset. This market turbulence period will not be an exception. XAU/USD already shows strength against the whole market, and we suppose this trend to continue. Targets are $1777 and $1783.
Bitcoin (BTC/USD)
Bitcoin price demonstrates that the community does not recognize crypto as a safe haven. Bitcoin plunges by 8% on Monday. Despite this, we expect the pullback to happen during this week if Bitcoin steaks above $44 200 by the end of Monday's trading session. Target is $47 000. If it breaks, $42 850 support level and holds below it, we will see a drop with the target at $40 500.
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Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
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