Author: The INO.com Team

Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 8/29/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Weekly Chart - Stock Market Forecast

Another week has gone by, and another week of drifting from the markets as we work our way through the August doldrums.

The market keeps drifting higher, and I’ve been enjoying the summer and keeping my powder dry as I wait for a catalyst to break us out of this inflation-driven drift.

With a heavy heart, I see what I think is that catalyst in the form of a Category 4 hurricane, which is currently pummeling the state of Louisiana as it makes landfall with 140MPH+ winds.

I put off publishing this forecast as long as I could in order to find out how bad things were likely to be before I could make as accurate a forecast as possible for all of you... Continue reading "Weekly Stock Market Forecast" →

Powell Prepares Markets For Bond Tapering

Posted on by The INO.com Team

Stocks rose on Friday posting a winning week as Fed Chair Jerome Powell prepared the markets for the central bank to pull back on some of its monetary stimulus, saying it's likely to start tapering its $120 billion in monthly bond purchases this year.

The DOW gained 241.69 points or +0.69%, to 35,454.81. The S&P 500 rose +0.88% to hit a new intraday high and closed at 4,509.37, and the NASDAQ added +1.23%, also hitting a new record during the session, closing at 15,129.50.

The three major indexes closed out the week in the green with the DOW finishing up +0.96%, while the S&P 500 added +1.52% and the NASDAQ gained +2.82%. Continue reading "Powell Prepares Markets For Bond Tapering" →

Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 8/22/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Weekly Chart - Stock Market Forecast

Another week of drifting from the markets as we work our way through the August doldrums.

The market’s action is almost like if you took the biggest breath possible and began to hum one note for as long as you could. Of course, it would be hard to predict just how long you could sustain that note, yet we would both know that at some point, you would run out of air and have to take a big breath in... Continue reading "Weekly Stock Market Forecast" →

Today's Top 3 Drifting Stocks

Posted on by The INO.com Team

It has been a reasonably strong earnings season. Despite growing nervousness on Wall Street, companies are putting forward good revenue numbers reflecting the robust recovery and positive forward guidance.

All but one of the Dow 30 companies beat analysts' estimates this summer earnings season.

Dow Earnings Beats & Misses for Summer Season

The Boeing Company (BA) was one of this season's biggest surprises for the Dow 30. Analysts forecasted -$0.65/share. However, the company reported $0.40/share, 161% over the analysts' forecasts. Management pointed to higher commercial airplane deliveries and lower period costs. Continue reading "Today's Top 3 Drifting Stocks" →

Stocks End Trading With A Losing Week

Posted on by The INO.com Team

On Friday, the DOW gained 225.96 points or +0.65%, to 35,120.08, but that wasn't enough to finish the week in positive numbers. The S&P 500 followed suit adding +0.81% to reach 4,441.67, and the NASDAQ rose +1.19% to close at 14,714.66.

However, all three major stock indexes finished the week lower. The Dow dipped -1.1% this week, while the S&P 500 shed nearly -0.6% and the NASDAQ moved -0.7% lower. Continue reading "Stocks End Trading With A Losing Week" →