Stocks Heading for Weekly, Monthly, Quarterly Losses

Are we close to finding the market bottom?

Deputy Editor
Sep 30, 2022 at 2:00 PM
facebook X logo linkedin


This week was rife with volatility, and many are wondering where the bottom for the U.S. market sits. In addition to the major benchmarks' fluctuations, treasury yields were all over the place, putting more pressure on the already fragile sentiment on Wall Street.  Things kicked off with the Dow Jones Industrial Average (DJI) falling into bear market territory. On Tuesday, the index wound up logging its sixth-straight daily loss, closing below 29,000 for the first time in two years, while the S&P 500 Index (SPX) followed suit. Though the Dow and S&P 500 managed to turn things around mid-week, the selloff eventually resumed and the Nasdaq Composite (IXIC) was pressured substantially lower,following losses from tech-giant Apple (AAPL). Today marks the end of the week, month, and quarter, and things are looking bleak for the major indexes, which are all poised to turn in big losses for all three timeframes.

Options Services & Stocks to Watch

We offer a variety of options services at Schaeffer's, and we'd like to take a moment to highlight a few of our most notable trades from the past week. Firstly, subscribers to our Weekly Options Trader service doubled their money in under two weeks by buying our recommended Spotify (SPOT) put. Meanwhile, our Player Series service helped subscribers nab a 213% profit in under a month by following our advice regarding Taiwan Semiconductor (TSM). In addition, our Weekend Trader options recommendation highlights cloud concern Workday (WDAY), which boasts an impressive technical setup at the moment. 

More Headlines, Analyst Calls

There were plenty of corporate updates for investors to sift through this week, including Apple's (AAPL) plans to ditch new iPhone production, which led to a downgrade from BofA Global Research. Nike (NKE) stock slid following earnings and a dire warning that could have sector-wide implications, while Walt Disney (DIS) was also on investors' radars as the entertainment staple dealt with the fallout of Hurricane Ian.

In the electric vehicle (EV) sector, Hertz (HTZ) announced a deal with BP (BP) to build a national network of charging stations, while Cantor Fitzgerald initiated coverage on EV name Lucid Group (LCID). Elsewhere, UBS issued a bear note to CSX (CSX) on the deteriorating macro backdrop for the railroad sector, while Planet Fitness (PLNT) was upgraded on its "highly resilient business model."

 

The Dow is Back Below 30,000; What Now?

The first week of October will bring a flood of employment data, while the earnings docket features a short list of notable names. In the meantime, check out what it means now that the Dow is trading back below 30,000.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI