All posts by Todd Mitchell

Opinion: 5 reasons why you shouldn’t dump stocks just because September is here

portfolio

U.S. market’s historically worst month may not live up to its reputationHere’s my strategy for exploiting September’s record as the worst month of the calendar for the stock market: Make no changes to your portfolio. I offer that advice because I know of no plausible explanation for why September should be bad for the stock market. […]

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JPMorgan Says It’s Finally Time to Buy Stocks Despite Trade Woes

risk assets

(Bloomberg) — Now is finally the time to buy risk assets, with global stocks set to advance into the year-end, strategists at JPMorgan Chase & Co. said. Positive technical indicators and monetary easing will likely outweigh the uncertainty of the U.S.-China trade war and the “wild card” of developments in tariff negotiations, according to JPMorgan. After August’s […]

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U.S. stock futures weaken as tariffs go into effect

tariffs

U.S. stock futures weakened on a holiday Monday as tariffs on Chinese goods went into effect.With stock exchanges closed for Labor Day, futures on the S&P 500 fell 0.7% to 2903.75, while futures on the Dow Jones Industrial Average dropped 199 points, or 0.8%, to 26207. Tariffs of 15% on $112 billion of Chinese goods went […]

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Bulls Snap 4-Week Slide, Bears Take August

U.S. markets

U.S. markets closed mixed on Friday as the blue-chips and S&P 500 rebounded into positive territory after being down for much of the day to extend their winning streak to 3-straight sessions. Tech and the small-caps, however, closed lower as Wall Street remained focused on developments related to the U.S.-China trade conflict as well as […]

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Here’s what happened during August’s wild month for the stock market

trade headlines

Wall Street suffered from whiplash throughout August as trade headlines and recession angst sent stocks on a wild ride during the last full month of summer.The S&P 500 posted 11 moves of more than 1% in 22 trading sessions for August. Those moves included three declines of at least 2.6% as well as the index’s […]

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Why Target is shocking everyone and putting Amazon on notice

second quarter

Are you kidding us with that second quarter, Target? Isn’t traditional retail supposed to be dead thanks to digital beast Amazon? Aren’t we nearing a bruising recession that hammers consumer spending and stock prices? Didn’t Macy’s disastrous second quarter signal a new round of retail doom and gloom looms large? Tariffs are supposed to be obliterating […]

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Dow surges more than 300 points after China hints it won’t retaliate for now in trade war

trade dispute

Stocks jumped on Thursday after China said it wished to resolve its protracted trade dispute with the world’s largest economy with a “calm ” attitude. The Dow Jones Industrial Average closed 326.15 points higher, or 1.3% at 26,362.25. The S&P 500 gained 1.3% to close at 2,924.58 while the Nasdaq Composite advanced 1.5% to 7,973.39. When asked […]

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Here are 2019’s biggest stock market winners and losers in the Dow, S&P 500 and Nasdaq

stock market winners

So far, 2019 has been a good year for the U.S. stock market, despite media headlines that would have you believe the sky was falling.The Dow Jones Industrial Average  has risen 13%, the S&P 500 has climbed 16.8% and the Nasdaq Composite Index has jumped 20% this year through the close of the stock market […]

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Bulls Keep Momentum Ahead of Last Trading Day for August

U.S. markets showed continued strength on Thursday following news that China will refrain from retaliating to the extra 5% tariff on $300 billion in Chinese goods imports. Additionally, China’s commerce ministry said September trade talks are still on the table and that the U.S. and Beijing have maintained effective communication on trade.The mini breakout helped […]

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Best Buy, Dollar Tree, Dollar General earnings and Q2 GDP – What to know in markets Thursday

earnings reports

Markets await a host of key consumer indicators, including earnings reports from retailers like Best Buy and updated second-quarter gross domestic product (GDP) figures. For Best Buy, Wall Street is expecting earnings per share of 99 cents on sales of $9.56 billion. In the same quarter a year ago, Best Buy posted earnings of 91 cents […]

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