Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 9/5/21 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

A terrible hurricane that did billions in damage, yuuge flooding in Manhattan with 7 inches of rain...

And the S&P still stays in its coma.

Looking at this historic disconnected rally in the markets, I’m reminded of what it’s like to be deep in the woods of Maine. Continue reading "Weekly Stock Market Forecast" →

U.S. Crude Oil Production Leveling In June 2021

Posted on by Robert Boslego

The Energy Information Administration reported that June crude oil production dipped by 5,000 barrels per day, averaging 11.307 mmbd. This follows a modest decline in April. In addition, the June 914 figure compares to the EIA’s weekly estimates (interpolated) of 11.141 mmbd, a figure that was 164,000 lower than the actual 914 monthly estimate.

Monthly US Crude Oil Production

A largest gain was in New Mexico (43,000 b/d), followed by The Gulf of Mexico (18,000 b/d). On the other hand, production in Texas actually decline by 22,000 b/d.

Given the huge reduction in May 2020, production recovered by 865,000 b/d over the past 12 months. This number only includes crude oil. Continue reading "U.S. Crude Oil Production Leveling In June 2021" →

Big Jobs Report Miss Dampens Market Mood

Posted on by The INO.com Team

The DOW retreated on Friday, and the S&P 500 slipped from record highs after the August jobs report came in short of expectations, showing the impact of the delta variant Covid resurgence on the workplace.

The DOW lost 74.73 points or -0.21%, to close at 35,369.09, while the S&P 500 edged lower by -0.03% to 4,535.43. The NASDAQ gained +0.21% on the day to close with a new record close of 15,363.52.

The NASDAQ was the best performing index for the week, rising +1.55%. The S&P 500 gained +0.58%, while the DOW ended up down or -0.24% week. Continue reading "Big Jobs Report Miss Dampens Market Mood" →

Tech Continues To Power Higher: Amazon Gem

Posted on by Noah Kiedrowski

Tech stocks continue to appreciate regardless of any ebb and flow in the COVID-19 backdrop, particularly with the delta variant taking a foothold in many swaths of the world. Conspicuously missing from this impressive bull market in the technology cohort is Amazon (AMZN). Technology underpins the stay-at-home economy and the so-called back to normal economy; this is especially true regarding Amazon. Now more than ever, technology serves an integral part of every slice of the economy as these stocks have remained strong despite the massive rotation into value stocks throughout 2021. Stocks such as Apple, Microsoft, Google, and the Invesco QQQ Trust have witnessed massive appreciation thus far in 2021. A potential gem in this cohort lies with Amazon as this stock has not participated at all in the 2021 rally and essentially flat year-to-date. Amazon has been beaten down since reporting its most recent earnings and incorrectly correlated with only the stay-at-home economy plays. Amazon presents value at these reduced levels and looks like a compelling buy for long-term investors.

Pricing Power: The Value Rotation and Roaring Tech

The market has witnessed a massive sea change as the large-scale vaccination efforts in the US are coming to fruition, albeit risks remain with the delta variant. The Dow Jones, S&P 500, and Nasdaq have rallied to all-time highs while recovery and value names have recaptured more than lost market capitalization due to the COVID-19 impact. Meanwhile, many technology stocks that powered the market higher in the initial stages of this post-COVID-19 rally stalled out early in 2021 to now rip higher as well. Now, tech participation has been a major driver to propel the markets even higher. Continue reading "Tech Continues To Power Higher: Amazon Gem" →

Earnings Calendar for September 2021

Posted on by The INO.com Team

Over 200 publicly traded companies are scheduled to release earnings data in September 2021. While we're out of prime time earnings season, big-name companies are still announcing on Wall Street.

The story should be similar to every other earnings season - some companies will smash estimates while others will disappoint the market. And, some announcements will spawn incredible earnings plays for active traders.

Most Anticipated Earnings For September 2021

Below are some of the most anticipated scheduled earnings announcements for September Continue reading "Earnings Calendar for September 2021" →