The wild and crazy behavior of the stock market

0
30

The wild and crazy behavior of the stock market

Right now, the stock market is showing some interesting dynamics. Much of the movement in the market is driven by uncertainty in the Omicron situation, as well as the $2 billion dollar spending bill being held up in Congress.

The bottom line though, is that many of these concerns appear to be transitory, which means that most dips can be bought with the expectation of some kind of recovery. HOWEVER, there are some stocks in this economy that are not going to do well in 2022. Therefore, it’s critically important to consider a more solid investing strategy for 2022 that involves a flight to quality and the selection of assets that have solid balance sheets.

To join our Stock Market Investing club, please visit http://TheBlackStockMarketProgram.com. We meet every Tuesday at 11 am and students can submit their questions to me in advance. I also share the stocks I like the most each week, and give you access to 5 years worth of financial curricula, lectures and other materials based on the training I provided my students when I was on the faculty of Syracuse University.

The stock market dropped 600 points. This is linked to the fears of the emergence of the Omicron variant and the impact it will have on the global economy. Dr Boyce Watkins breaks down the stock market reaction to the variant and how to prepare for the future.

According to investors.com, The Dow Jones Industrial Average dived 600 points Monday morning, as omicron fears ran higher in the U.S. and overseas. Moderna jumped on omicron booster news, while Apple, Nvidia and Tesla stock fell sharply at the stock market open.

Among the Dow Jones leaders, Apple (AAPL) dropped 1.8% early Monday, while Microsoft (MSFT) was down 1.3% in today’s stock market. Home Depot (HD) is pulling back to a key level, while Nike (NKE) will report earnings after the close Monday.

Electric-vehicle leader Tesla (TSLA) traded down nearly 3% Monday. Its rival, Rivian (RIVN), lost around 3%. Lucid Group (LCID) declined over 4%. And Chinese EV leaders Li Auto (LI) and Xpeng Motors (XPEV) also posted sharp losses after Monday’s open. Nio (NIO) traded down nearly 3% after introducing a new model at its Nio Day event on Saturday.

Among Monday’s top stocks to buy and watch, Arista Networks (ANET), Ryan Specialty (RYAN), Advanced Micro Devices (AMD) and Nvidia (NVDA) are in or near new buy zones. Investors should be cautious with new purchases amid the recent stock market volatility.

Microsoft and Tesla are IBD Leaderboard stocks. Arista was featured in last week’s Stocks Near A Buy Zone column, while Ryan Specialty was last week’s featured IPO Leader.

The wild and crazy behavior of the stock market

Tags used for this video:
black women,african american women,financial freedom,money,wealth,finances,investing,stock,wealth gap,black people,black unity,black wealth,education,knowledge,wealthy,entrepreneur,black excellence,debt free,drboycewatkins,stock market,global pandemic,black men,covid 19,thestockmarket,threats,issues,nasdaq,the dow,wall street,the stock market for beginners,The wild and crazy behavior of the stock market
#drboycewatkins #nasdaq #thestockmarket #blackwealth
#drboycewatkins #nasdaq #thestockmarket #blackwealth

You can follow Dr Watkins at the links below:

Instagram: @TheRealBoyceWatkins
Twitter: @DrBoyceWatkins1
Via Text: Text the word Boyce to 31996
Youtube: Youtube.com/DrBoyceWatkins
To learn how to start your own business: TheBlackBusinessSchool.com
Personal website: BoyceWatkins.com

source

Previous articleMeet ARC RAIDERS – Everything We Know About The New Space Shooter From Embark Studios
Next articleAmazing Home Build… Step By Step

LEAVE A REPLY

Please enter your comment!
Please enter your name here