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📈 5 ETFs To Look At Amid Worst Market Rout in 2 Years

Will the market continue to bounce after Monday's wild day? Plus, $PLTR, $UBER and more earnings reports

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Happy Monday Zingernation! Well, I don’t really know how ‘happy’ of a Monday it is, but it is Monday nonetheless! Things are getting a little ugly out there, and there are a few explanations why. But, as bad as my portfolio is looking, there could be some light at the end of the tunnel after all.


—Aaron Bry & Nic Chahine

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MARKET SNAPSHOT

Yesterday: As bad as it looked at the open, all the major indices moved higher throughout the day, closing well off their lows. Buy the dip worked again, at least for now.

On Our Radar: Japan’s stock market, tracked by the Nikkei 225 index, recovered from its worst day in decades on Monday, trading up more than 8% as we slept. We’ll see if that helps ease fears today.

TOP STORY

Basically: The battered tech sector continued to suffer on Monday as a global sell-off of stocks and other assets pulled markets toward bear territory.

So: A slight uptick in U.S. unemployment, published on Friday, reignited fears of a recession that rippled across the globe. Some indices saw historical drops, including Japan's Nikkei 225 stock index, which dropped more than 13.4% at its lowest point on Monday. Here are the stocks that led yesterday’s recovery, and the ones that are still lagging behind.

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FIVE ZINGERS

Five Stars From Me: Uber reported earnings this morning, beating estimates for both EPS and revenue. Here’s what the analysts are saying.

American Resilience: JPM’s CEO, Jamie Dimon, remained confident in the American economy, despite the recent market downturn.

Follow The $CRWD: Analysts are starting to turn bullish on Crowdstrike after the cyber company’s disastrous outage a couple of weeks ago.

Blank Check For The Win: Lucid’s earnings report wasn’t great, but did announce more than $1b in new funding from the Saudi PIF.

Legal Woes: Google is under pressure after a judge ruled against the search-engine giant in an antitrust case. Here’s what it means for $GOOG.

ONE FOR THE ROAD

Basically: Global equity markets have been under pressure in recent sessions amid fears of a potential U.S. recession, triggered by cooling labor market conditions and struggling manufacturing activity.

So: Despite last month’s business surveys showing expansion in services activity, investors remain worried that the world’s largest economy may be slowing down, which could curb U.S. household discretionary spending and reduce corporate profits. Here are five defensive ETFs that can bolster your portfolio during turbulence in the markets.

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