The market was choppy throughout Thursday’s session after opening lower while rebounding midday to set another round of fresh all-time highs. The coronavirus fears looked like they would spark a deeper pullback in the overall market, but the major averages recovered some of their early losses with the small-caps bucking the trend to close higher. The Nasdaq traded to an record high of 9,748...
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The market was down for the 2nd-straight session and for the 3rd-straight Friday despite a fantastic jobs report. However, the bounce off the last session lows gave the bulls the overall weekly win with the small-caps still in correction mode.A retest of the late February lows remains in play and a necessary part of any potential bottoming process. Friday's late rebound was mildly encouraging but...
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The market was down for the 2nd-straight session and for the 3rd-straight Friday despite a fantastic jobs report. However, the bounce off the last session lows gave the bulls the overall weekly win with the small-caps still in correction mode.A retest of the late February lows remains in play and a necessary part of any potential bottoming process. Friday's late rebound was mildly encouraging but...
Continue reading >>Keep an eye on Carnival (CCL). The stock has been battered by the coronavirus story. However, it’s down too far, too fast, and could soon recover, even though it could see an EPS loss of 55 to 65 cents a share if operations in Asia are suspended through April 2020. “While that has not come to pass and may be averted, the cruise line said there will be a material impact on...
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