The Stock Market Today - Top Stories For July 19, 2021
Trends in the stock market today show bearish sentiment during the Monday session. Thanks to concerns stemming from the Delta variant, selling pressure has taken down broader sectors. However, that doesn't mean you're "SOL". Here are some of today's top stories in the stock market today:
How To Make Money With Penny Stocks In a Down Market
Waking up to see your portfolio in the red is one of the worst feelings for any penny stocks investor. But, there are some tips and tricks to avoid this and have the best chance at making money with penny stocks. In the past year and a half, we’ve seen more volatility in the stock market than in many years prior.
With the combination of the pandemic, high inflation, and major uncertainty all working against you, how can you make money with penny stocks when the market takes a dive? Well to do so, we have to consider what is going on right now.
Today on July 19th, the S&P 500 dropped by more than 700 points, indicating one of the worst declines of the year. Simultaneously, cases of Covid are rising rapidly in the U.S. due to the highly transmissible Delta variant.
While this is disheartening for most traders right now, there are always natural ebbs and flows in the market. And, when markets are down, especially as much as they are today, it presents an opportunity for investors to buy in at extremely low prices.
Sell-off intensifies as the Dow tumbles 900 points amid pandemic fears
U.S. stocks fell aggressively Monday on concern a rebound in Covid cases would slow global economic growth. The selling picked up though early afternoon and the Dow Jones Industrial Average was headed for its biggest drop of the year.
The Dow dropped 920 points, or 2.7%, exceeding a 2% decline in late January. The S&P 500 fell 2.1% with energy and industrial sectors as the worst performers. The tech-dominated Nasdaq Composite lost 1.5%. The small-cap Russell 2000 briefly dropped into correction territory, falling 10.7% from its 52-week high on March 15.
The 10-year Treasury yield fell to a new five-month low of 1.186%, exacerbating fears about the slowing economy. Crude oil dropped 7.5%.
“You have two concerns coming together... concerns about market technicals and concerns about growth,” Mohamed El-Erian, chief economic adviser of Allianz and former co-CEO of Pimco, told CNBC’s “Squawk Box” before Monday’s opening bell. “That’s what all the asset classes are telling you.”
4 Top Growth Stocks For Your July 2021 Watchlist
Looking to buy growth stocks for your late July watchlist? Well, there are plenty of options for investors of all types. With the second-quarter earnings kicking into high gear in the stock market today, there comes a slew of analyst expectations, forecasts to digest ahead of their release.
For better or for worse, companies are judged by their ability to beat market expectations. Therefore, you could assume that all eyes are on companies reporting earnings in the stock market this week. But as you sip your morning coffee reading the reports from analysts, bear in mind that these are just estimates. And they are usually not consistent from one analyst to another. That’s because one analyst may use different metrics to come up with his estimates compared to others.
As important as the numbers will be on the earnings report, there are also a lot of uncertainties on how the stock market will perform this week. Last week, we saw major banks like Goldman Sachs (NYSE: GS) and JPMorgan Chase (NYSE: JPM) posted stellar earnings to start the season. Yet, these impressive beats did not send the bank stocks flying. Whilst it is true that the broader stock market has been trading sideways as of late, those who have compelling revenue growth stories could attract interest from more investors. With all these in mind, do you have these top growth stocks on your list today?
22 stocks, including Carnival and Zoom, that are down 30% or more from 52-week highs
You would think that with the broad stock indexes doing so well in 2021, after what may have been surprising gains in 2020, that investors would be in a pretty good mood.
But check out this Twitter posting from July 19:
https://twitter.com/Greenbackd/status/1417122680961003523?s=20
Tobias Carlisle was referring to CNN’s Fear & Greed Index which fell to 17 later in the morning on July 19. The index incorporates momentum, junk-bond demand, stock-market volatility, options trading patterns and other indicators.
The S&P 500 Index SPX, -1.92% was up 13% (excluding dividends) for 2021 through 12:45 p.m. ET on July 19, following a 16% gain in 2020. The benchmark index has pulled back only 3% from its all-time intraday high set on May 10, but there are many stocks that have had much more significant declines.
To screen for them, we began with the S&P 500 (tracked by the SPDR S&P 500 ETF Trust SPY, -1.91% ) and the Nasdaq-100 Index NDX, -1.11% (tracked by the Invesco QQQ Trust QQQ, -1.11% ) and identified stocks that were down at least 30% from their intraday 52-week highs.
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