Google Loses 6.66% — Nick Santiago 1-31-24 Last Episode #666
Daily Market Wisdom with Nick Santiago
by Kerry Lutz
2M ago
This is perhaps our last show 1. Google, MSFT and AMD are leading the headlines today. They are all dropping after reporting earnings. Alphabet (GOOG) is the biggest loser falling by nearly 6.0%. This news is weighing on the NASDAQ which is trading lower by 1.17%. Like I said last week, these stocks are all priced for perfection after the recent run up. On Thursday, AAPL, AMZN and META are all scheduled to report after the closing bell. 2. Regional banks are coming under some selling pressure today as well. The Regional bank ETF (KRE) is trading lower by 3.85%. This comes after New York Comm ..read more
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Nick’s Big Retirement Announcement — Nick Santiago 1-29-24 #560
Daily Market Wisdom with Nick Santiago
by Kerry Lutz
2M ago
1. It's a quiet start for the major indexes this Monday morning. While the indexes are higher they are just slightly positive. 2. This Is a huge week for earnings. Mega cap stocks such as MSFT, AAPL. AMZN, META, and AMD are all scheduled to report this week. 3. Oil,nat gas and energy are weaker today. This industry group remains very choppy for the past several months. 4. The Fed announcement is this Wednesday. I do not expect the central bank to do anything this week when it comes to rate cuts. The verbiage will obviously be important. Remember, in December, Chairman Powell pivoted suddenl ..read more
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Is the Bond Market Collapsing -- Here's Nick's Take 10-04-23 #531
Daily Market Wisdom with Nick Santiago
by Kerry Lutz
2M ago
1. Markets are in a down trend and fear is starting to set in. Yesterday's JOLTS number was a little too hot to handle as good news was bad news once again. The major indexes are trying to gain some traction today, but it is off to a slow start. ISM services PMI came out weaker than expected. 2. There are a couple of positives for the markets today. 1. The US Dollar is finally pulling back. 2. Yields are also pulling back. This could help the markets to catch a bid from this very oversold condition. 3. This Friday is the non-farm payroll report by the BLS. That could be a market mover. Earli ..read more
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Netflix Earnings Winner -- Nick Santiago 1-24-24  #558
Daily Market Wisdom with Nick Santiago
by Kerry Lutz
2M ago
1. Earnings season is underway. Netflix (NFLX) reported last night and that stock is a big winner this morning trading higher by 13%. Texas Instruments (TXN) on the other hand is trading down by 2.8%. Then we have consumer goods stock Kimberly Clark (KMB) trading lower by 4.5%. This stock is dragging most of the consumer goods names lower. Clorox, Colgate and Church & Dwight are falling in sympathy with Kimberly Clark. This week earnings are reving up, but next week is when we really hit full throttle with earnings reports. 2. The small caps were lagging a little today. The Russell 2000 I ..read more
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The Roaring 2020’s — Nick Santiago 1-22-24 #557
Daily Market Wisdom with Nick Santiago
by Kerry Lutz
3M ago
1.The major stock indexes are rallying higher again this morning. Last friday, the S&P 500 Index closed at a new all time high after 2-years. Currently, that market remains strong and in an uptrend. 2. Earnings season kicks into full gear this week. Last week, earnings season began, but the number of companies reporting was very light. This week we shall see earnings from all different industry groups. Buckle up, this could be a wild earnings period. 3. Alternative energy and solar stocks are trading higher today leading the charge. This group could be putting in a bottom as they have be ..read more
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Rate Cuts, What Rate Cuts? Nick Santiago 1-17-24 #556
Daily Market Wisdom with Nick Santiago
by Kerry Lutz
3M ago
1.The major stock indexes are starting out a little on the weak side today. At this time, the major indexes have been trading in a tight range since mid-December. 2. Earlier this morning, the retail sales report was stronger than expected. This is signaling that consumers are still strong and that might keep the Fed from cutting rates. The next FOMC meeting is on Jan 31st. Personally, I think the Fed is going to sit tight and not cut until the middle of the year if at all. 2A. This Friday is options expiration for the month of January. This is a time to watch for a lot of institutional game ..read more
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Bitcoin Down After Real SEC Announcement -- Nick Santiago 1-12-24 #555
Daily Market Wisdom with Nick Santiago
by Kerry Lutz
3M ago
1.Earnings season kicked off today with JPM and other financial reporting. 2. Oil and energy are rallying after the US and UK conducted strikes against military targets in Houthi-controlled areas of Yemen 3. Next week is options ex for January. 4. Gold and silver are catching an early bid. 5. Bitcoin slumps after spot ETP approval Visit Nick @ https://InTheMoneyStocks.com ..read more
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Fake Bitcoin Tweet Heard Round the World — Nick Santiago 1-10-2024 #554
Daily Market Wisdom with Nick Santiago
by Kerry Lutz
3M ago
1. The fake Bitcoin Tweet heard around the world. The SEC was allegedly hacked. The crypto traders are all awaiting news from the SEC on a spot bitcoin ETF approval by over 10 firms. 2. It's a quiet day for markets, Tomorrow, the CPI number will be released. This has been a market moving number in the past and can be again. 3. The financial stocks have stalled out a little this week, but they have been some of the biggest winners since the rally started in late October. I think this pullback is healthy as this sector was starting to get parabolic. JP Morgan Chase (JPM) has rallied nearly 30 ..read more
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2024 The Year of the Tofu-Dreg Global Economy with Nick Santiago 1-8-24 #553
Daily Market Wisdom with Nick Santiago
by Kerry Lutz
3M ago
Kerry Lutz and Nick Santiago talked about what 2024 has in store for the financial markets. They analyzed the recent movements of the market, including the resurgence of technology stocks and the impact of the Powell pivot. They also discussed the Federal Reserve's monetary policy shifts and their impact on the market, as well as potential indicators of an upcoming recession. Then they moved on to the energy market, precious metals market, and investment strategies.The discussion on the energy market focused on the performance of crude oil and natural gas, with Santiago sharing his trading ex ..read more
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Rate Cut Rally Continues — Nick Santiago 12-18-23 #552
Daily Market Wisdom with Nick Santiago
by Kerry Lutz
3M ago
1.The major indexes are upticking to start the day. Last week was an important time period for markets as Fed Chairman Jay Powell changed his verbiage on interest rates and was basically dovish. I'm sure this week we will hear the fed heads start to talk hawkish as the markets have run a lot since late October. 2. US Steel (X) is going to be bought by Nippon Steel for $55.00 a share. The stock is trading higher by 26.00% on the news. This is helping a lot of other steel related stocks trade higher in sympathy. CLF, NUE and others are trading higher on the news. 3. OIl is catching a big bid t ..read more
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