Schaeffer's Top Stock Picks for '25

Stocks Fall Dramatically, Dow Logs Third-Straight Loss

Meanwhile, there's controversy taking place with bank stocks abroad

Deputy Editor
Sep 21, 2020 at 4:32 PM
facebook X logo linkedin


The dismal day for the major indexes never had a chance at recovery, as fears continued to mount concerning a renewal of coronavirus cases worldwide. After beginning the day down around 900 points, the Dow finished the session 509 points lower, its third-straight loss and worst single-day session since Sept. 8.

The S&P 500 and Nasdaq fell considerably as well --their fourth-straight loss -- thanks to issues in the U.S. as well as abroad. Most notably, a report found that a plethora of global banks moved allegedly illicit funds, which led shares of bank stocks to plummet worldwide.

Continue reading for more on today's market, including:

    • Bears are mauling this automotive stock ahead of earnings.
    • Nikola's founder is stepping down after some devastating accusations
    • Plus, bulls are piling on Capri stock; LVMH's billion dollar acquisition of Tiffany is heating up; and more on Comcast and Roku's streaming deal.

    The Dow Jones Industrial Average (DJI - 27,147.70) shed 509.7 points, or 1.8%. Apple (AAPL) was one of few winners today, topping the list with an 3% rise. Meanwhile, American Express (AXP) landed at the bottom with a 5.1% drop.

    Meanwhile, the S&P 500 Index (SPX - 3,281.06fell 38.4 points, or 1.2% for the day. The Nasdaq Composite (IXIC - 10,778.80) lost 14.5 points, or 0.1% for today's session.

    Lastly, the Cboe Volatility Index (VIX - 27.78) rose 2 points, or 7.6% for the day.

    IndexesSept21

    NYSESept21

    1. House Democrats released a bill that will fund the government until Dec. 11, but Senate Republicans were quick to criticize. The biggest gripe concerned the lack of farm aid, with Senate Majority Leader Mitch McConnell slamming the lack of aid on Twitter. (CNBC)
    2. U.S. President Donald Trump said he will announce his pick to replace the late, iconic Supreme Court Justice Ruth Bader Ginsberg, by the end of the week. (Reuters)
    3. Bull notes are pouring in for Capri Holdings stock.
    4. More talks concerning LVMH and Tiffany sink the latter's stock.
    5. Comcast stock is falling despite locking in Roku deal.

    There were no earnings of note today.

    UVOL Sept 21

    Data courtesy of Trade-Alert

    Oil and Gold Reverse Course, Fall to Begin New Week

    With the possibility of Libyan production returning and rising coronavirus cases, oil prices fell to begin the last full week of September. Meanwhile, oil production in the Gulf of Mexico is at risk as a tropical storm threatens to disrupt output. October-dated crude shed $1.80, or 4.4%, to settle at $39.31 per barrel for the day.

    Gold fell on Monday as well, sliding to its lowest level in over a month. This fall comes after the September sell-off picked up steam amid uncertainty surrounding additional fiscal stimulus. In response, Gold for December-delivery lost $51.50 or 2.6%, to settle at $1,910.60 an ounce for the day.

     
     

    Which of These SUB-$5 Stocks Could 26x From Here? (AD)

    He called a rare 11x on Tesla…

    Then he called a 26x on Workhorse…

    Then an even rarer 35x on Nio Inc…

    Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

    They’re trading for less than $5 right now.

    But thanks to Elon & Trump’s new alliance…

    They could be off to the races in Trump’s first 100 days.

    And right now for a limited time…

    You can get the names & tickers for just $1 here. (AD)

    10 Stock Picks FREE
     
     

    Featured Articles from Trusted Partners:

    🚀 One Stock Pick Could Change Everything in 2025
    What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

    🆕 New Options Need New Trading Strategies
    Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

    👀 Revealed: 3 Defensive Stocks for Your Portfolio
    Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

     

     
     

    FREE Report Download

     

    Follow us on X, Follow us on Twitter