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Stock market today December 1, 2020

Stock market today

The US stock market closed higher today, the first trading session of December 2020. S&P 500 and Nasdaq made record closing highs. The figures at the close of the US stock market today:

S&P 500: 3,662.45,+40.82(+1.13%)
Dow 30: 29,823.92,+185.28(+0.63%)
Nasdaq: 12,355.11,+156.37(+1.28%)
Russell 2000: 1,836.05,+16.23(+0.89%)

stock market news

“Stocks rose Tuesday, and each of the three major indices hit fresh intraday records, as traders looked to extend November’s sharp advance.

Both the S&P 500 and Nasdaq each also hit record closing highs after jumping by more than 1.1% each. The tech-heavy communication services and financials sectors led the day’s advances in the S&P 500.

Equities kicked off the final month of 2020 with momentum from a record November, during which each of the three major indices made fresh record highs, and the Dow posted its biggest monthly gain since January 1987 with an advance of nearly 11.9%. In the S&P 500, the energy, financials and industrials sectors led the index’s 10.8% rise, as traders rotated back into many of the names that had been beaten down the hardest earlier on during the pandemic.

Many analysts believe equities will continue to ride a wave of vaccine-related optimism into December, after Pfizer (PFE), Moderna (MRNA) and AstraZeneca (AZN) each reported promising efficacy data for their respective COVID-19 vaccine candidates. Developments in the race to create an inoculation against the coronavirus helped stocks shake off volatility from earlier on in the month.”

Stock market data: Yahoo Finance


Stock market investing greed is good

Stock market and greed in investing, trading

Greed is good, is it for stock trading?

Remember this speech and quote “Greed is good” from the Wall Street Movie? Stock trading is about greed and how you handle it. Take for example HTZ stock and CHK stocks, both are tumbling today, yet they surged during the previous stock market trading sessions. Traders that caught their recent stock price appreciation could have made money. Making money in stocks is not that easy, with the risk involved. Nothing wrong with making money with a speculative bet. As long as you can handle the risk of investing in stocks that move based on rumors and their fundamentals argue that there are important reasons to stay away from. Both stocks to buy, stocks to sell are risky. Risk management and money management, due diligence and financial analysis are very important for investing concepts. The stock market always has the element of greed in it.


ZoomInfo stock soars on its debut trading day

ZoomInfo stock is the first software IPO of 2020

ZoomInfo Technologies Inc. (ZI) stock surged on its first public trading day closing at 34.00,+13.00 (+61.90%).

“ZoomInfo Technologies (ZI) late Wednesday priced an initial offering of 44.5 million class A common shares at $21, giving the company a valuation of about $8.2 billion”, source: https://www.barrons.com/articles/zoominfo-prices-ipo-at-21-a-share-above-expected-range-51591282808?siteid=yhoof2&yptr=yahoo


S&P 500 technical analysis for June 4, 2020

S&P 500 technical analysis

This is the technical analysis for the S&P 500 index today, June 4, 2020. The technical indicators, moving averages, and pivot points that act as support and resistance levels. Before investing or start trading in S&P 500 futures in the stock market make due diligence preparation and analysis.

S&P 500 technical analysis for June 4, 2020
S&P 500 technical analysis for June 4, 2020

Stock market source: https://www.investing.com/technical/indices-technical-analysis

S&P 500 index daily chart

S&P 500 index daily chart
S&P 500 index daily chart

Source: Stockscharts.com


Stocks most volatile for May 29, 2020

Stocks most volatile

Volatility in stocks presents both risk and opportunity. Extreme volatility makes stocks riskiest, but volatile stocks can present trading opportunities for those traders or investors who love risk. These are the most volatile stocks for May 29, 2020. A new month is starting today for the stock market, and further due diligence is suggested before investing in stocks. All stock prices, stock quotes are at the close on May 29, 2020.

Minerva Neurosciences, Inc. (NERV): 3.7100-9.7600 (-72.46%)

AgeX Therapeutics, Inc. (AGE): 1.1300+0.3750 (+49.67%)

Sonoma Pharmaceuticals, Inc. (SNOA): 9.70+4.29 (+79.30%)

Stock market source: Yahoo Finance, TradingView


Hertz stock rallies today more than 100%

Hertz Global Holdings, Inc. (HTZ) stock news

Hertz Global Holdings, Inc. (HTZ) stock today rallies more than 100% as of 10:38 AM, Wednesday, May 27, 2020, Eastern Time (ET). The stock price is at 1.2924+0.7374 (+132.8649%). However there is very important news related to the fundamentals of the stock, the company has recently filed for bankruptcy and most probably will very soon get delisted. Stocks like this get a lot of volatility mostly for speculation. Not for investing under these market conditions.

“The New York Stock Exchange initiated proceedings to delist Hertz Global Holdings Inc (NYSE: HTZ) on Tuesday following the car rental chain’s bankruptcy filing, according to Reuters.

Coronavirus Fuels Hertz Bankruptcy Filing

Economic damage from the coronavirus forced Hertz to file for Chapter 11 bankruptcy Friday after nearly a month of speculation. Between Feb. 20 and May 26, as the pandemic stalled airport business, Hertz’s stock fell from $20.29 to $2.84.”

Source: https://finance.yahoo.com/news/nyse-delist-bankrupt-hertz-report-125643945.html

Hertz Global Holdings, Inc. (HTZ) stock chart

Hertz Global Holdings, Inc. (HTZ) stock chart
Hertz Global Holdings, Inc. (HTZ) stock chart

Stock market source: Stockscharts.com


Stock futures for May 26, 2020

US stock futures update

At 3:43 AM today, Tuesday, May 26, 2020, Eastern Time (ET) the US stock market futures are moving higher. The latest stock futures update is:

S&P Futures: 3,005.25,+52.25(+1.77%)
Dow Futures: 24,889.00,+465.00(+1.90%)
Nasdaq Futures: 9,575.50,+169.25(+1.80%)
Russell 2000 Futures: 1,388.10,+33.80(+2.50%)

Commodities

The crude oil prices and gold price are also higher.

Crude Oil: 34.41,+1.16(+3.49%)
Gold: 1,727.60,-7.90(-0.46%)

Stock market update: Yahoo Finance


Stock futures for May 20, 2020

US stock futures update

At 8:34 AM today, Wednesday, May 20, 2020, Eastern Time (ET) the US stock futures point to a higher open for the stock market. This is the latest stock futures update:

S&P Futures: 2,956.00,+37.25(+1.28%)
Dow Futures: 24,475.00,+317.00(+1.31%)
Nasdaq Futures: 9,408.00,+107.25(+1.15%)
Russell 2000 Futures: 1,331.90,+24.40(+1.87%)

Also the crude oil prices and gold price are higher at 8:36 AM, ET time.

Crude Oil: 32.70,+0.74(+2.32%)
Gold: 1,754.60,+9.00(+0.52%)

Stock market update: Yahoo Finance


An economic recession is almost imminent stock market may have trouble ahead

Economic recession and the stock market

What is an economic recession and how it may have an effect on the stock market?

“In economics, a recession is a business cycle contraction when there is a general decline in economic activity.[1][2] Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale natural or anthropogenic disaster (e.g. a pandemic). In the United States, it is defined as “a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales”.[3] In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters.[4][5]

Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply or increasing government spending and decreasing taxation.”

Source: https://en.wikipedia.org/wiki/Recession

A decline of the economic activity is bad news for the stock market and the general economy

We like the definition that an economic recession “is defined as a negative economic growth for two consecutive quarters.” mentioned above. For the US economy, we had the first quarter of negative economic growth, and most probably the second quarter of 2020 will be even worse in terms of negative economic growth. The weekly jobless claims still show that many people file for unemployment insurance benefits. And many companies warn about their future profitability or avoid to make any forecasts at all. It will be a tough year to choose stocks to buy and stocks to sell. Why? Fundamentals should never be ignored about stocks and their valuation. And still, any selloffs may lead to short-term rallies as bargain hunters search for cheap stocks. Cheap stocks mostly related to their stock price, not their intrinsic valuation.

Stocks to avoid

Which stocks to avoid in an imminent economic recession? A few criteria to focus on for stock selection, investing and trading are:

  • Large amount of debt, weak balance sheets, poor profitability, negative or declining free cash flows are all signs of weakness.
  • Declining revenue growth, EPS growth same as above
  • Stocks with an abnormal price increase without any catalyst to suppot the rally are prone to correction
  • Stocks with a very high P/E or even worse a negative P/E are dangerous stocks
  • Defensive stocks, such as Utilities, Consumer Staples, Healthcare, are considered safer stocks during an economic recession.

US stock futures for April 30, 2020

Stock futures point to small losses at the open of today’s trading session

At 8:05 AM, today on Thursday, April 30, 2020, Eastern Time (ET) the latest stock futures update is the following:

S&P Futures: 2,928.50,-12.50(-0.43%)
Dow Futures: 24,460.00,-106.00(-0.43%)
Nasdaq Futures: 9,066.50,+30.00(+0.33%)
Russell 2000 Futures: 1,338.10,-20.90(-1.54%)

Stock market update: Yahoo Finance

Economic news

At 8:30 AM, ET time there is the release of the weekly US jobless claims, and the figure may have an effect on the stock market today.