Q2 earnings season is kicking off, and tech stocks are finally beginning to show weakness. Investors are beginning to pull profits on some the most parabolic tech stocks like tech powerhouses Amazon (AMZN - Free Report) and Microsoft (MSFT - Free Report) .
The Nasdaq 100 had a hell of a day with traders pushing the index up over 2% then ripping it down over 4%. Traders & investors were loading up on (relatively cheap) QQQ (QQQ - Free Report) puts this morning which led to the eventual sell-off in the afternoon.
The markets are hedging their positions for the highly uncertain Q2 earnings, and so am I.
I sold out of my QQQ puts on close. Hopefully we will all get a chance to rebuy these puts tomorrow on a bounce.
I’m looking at August 21st expiring put options for a hedge that will get my tech-heavy portfolio through earnings.
The closing performance gap between the Nasdaq 100 and the S&P 500 is a signal of an impending reversal.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Q2 earnings season is kicking off, and tech stocks are finally beginning to show weakness. Investors are beginning to pull profits on some the most parabolic tech stocks like tech powerhouses Amazon (AMZN - Free Report) and Microsoft (MSFT - Free Report) .
The Nasdaq 100 had a hell of a day with traders pushing the index up over 2% then ripping it down over 4%. Traders & investors were loading up on (relatively cheap) QQQ (QQQ - Free Report) puts this morning which led to the eventual sell-off in the afternoon.
The markets are hedging their positions for the highly uncertain Q2 earnings, and so am I.
I sold out of my QQQ puts on close. Hopefully we will all get a chance to rebuy these puts tomorrow on a bounce.
I’m looking at August 21st expiring put options for a hedge that will get my tech-heavy portfolio through earnings.
The closing performance gap between the Nasdaq 100 and the S&P 500 is a signal of an impending reversal.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on AMZN - FREE
Get the latest research report on MSFT - FREE
Get the latest research report on QQQ - FREE