Tuesday, February 9, 2016
(This is Mark Vickery covering for Sheraz Mian while he conducts a live interview this morning.)
Market futures are down again this morning - and that goes for everything at this point, from the S&P 500 to Gold and Silver. European banks are having a tough week so far, but we're China-neutral this week for the Year of the Monkey celebration.
The question is: what's going to bounce things back? Most of the high-impact companies from the highest-impact sectors have already reported quarterly earnings - and most of those did pretty well, overall, even if their share prices don't exactly illustrate this today. Low tide grounds plenty of ships, I guess you might say.
Oil prices continue their free fall - WTI crude is now down to $29 and change, and taking down hunks of other industries along the way. Not the least of which is Tesla ( TSLA ), way down again ahead of quarterly earnings. Conversely, though we do see some improvement in consumer spending of late, literally all industrial enterprises somehow reliant on strong oil & gas are feeling the pain, with no end (save irresistible bargains on a wide scale) in sight.
Let our Zacks team of strategists offer up some soundly researched growth stocks at value-level prices. Check in with www.zacks.com several times a day to find fresh featured articles, video interviews and commentary, and the Zacks Market Edge podcast. We can get your portfolio rolling again, and position you with strong stocks ready to outperform in a big way.
Otherwise, Happy Mardi Gras! "Let the good times… er, show up. "
Note: In addition to this daily pre-open article about the market, economy, and the corporate earnings picture, Sheraz Mian also provides detailed earnings analysis in his weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz Mian publishes a new article, please click here .
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