Happy Wednesday, Zingers! σ, snap! Volatility is back baby. Today, $SPY was looking strong, reaching nearly $512 in the afternoon before dropping more than .5% in less than a couple of hours. But in the final 30 minutes before close, it traded back up another .25%.

I wonder which will wear off first: My portfolio’s motion sickness, or my adrenaline high?

Today’s Price Action:

$SPY: +.51%
$QQQ: +.63%
$DIA: +.26%

Also, looking to earn some extra money on the side without getting a new job? Check out today’s partner.

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TODAY’S MOST VOLATILE STOCKS

TODAY’S TOP STORY

$NYCB Shares Swing Back And Forth

Briefly: Speaking of volatility… Well, let’s talk about those regional banks.

So Basically: New York Community Bancorp was trading down more than 40% at one point today after the company announced it was seeking outside capital and a potential equity sale.

But Then: Ask and you shall receive. A group of investors threw the floundering bank a much-needed lifeline: An equity investment of more than $1 billion from Liberty Strategic Capital, Hudson Bay Capital, Reverence Capital Partners, Citadel Securities and other institutional investors.

So What? $NYCB bounced right back, and at one point traded up more than 100% from its lows of the day. The stock ended up closing in the green by about 7.5% today.

What Next: The news impacted the entire regional banking sector. The $KRE, an ETF tracking regional banks, traded down more than 3% today, then rose more than 4% from its lows after the NYCB lifeline was announced.

Click here to read more.

PRESENTED BY FINANCE BUZZ

Amazon Doesn't Like When You Exploit These Hacks (But They Can't Stop You)

Do you shop on Amazon or use Prime? If so, you might be missing out on huge savings and a chance to earn extra cash on every purchase you make.

Amazon doesn't exactly endorse all of these hacks, as they can give you big discounts, save money, and even make a little extra cash in the process. 

What are you waiting for?

FIVE MOVERS

Bitcoin rose more than 4% today following Tuesday’s intense sell-off. Here’s what crypto analysts are saying.

Palantir shares shot higher by more than 10% today after the company announced a new deal with the U.S. Army.

Victoria’s Secret shares dropped by more than 25% after the close, following skimpy Q4 earnings.

Pfizer stock got a vital booster today, closing up more than 4% after hitting 11-year lows.

Costco shares traded higher in today’s session, as investors took a bullish stance on the stock ahead of its earnings report coming tomorrow.

ONE TRADE IDEA FOR TOMORROW

'They Are Not All Magnificent': Wall Street Veteran Points Out 2 Vulnerable Magnificent 7 Stocks

Briefly: Wall Street veteran Ed Yardeni, president of Yardeni Research, spotlighted signs of vulnerability among the stock market’s beloved Magnificent Seven.

So Basically: Yardeni observed that many companies with significant exposure to China are coming to realize that the Chinese economy may be experiencing a slowdown, and consumer purchasing patterns are not what they used to be.

So Then: Included among those companies: Apple and Tesla. Apple, which derives 20% of its revenue from China, experienced a 24% drop in its iPhone sales within the country this year. And Tesla has repeatedly cut prices in the country to compete with low-cost Chinese EVs.

So What? Yardeni emphasized the impact of AI on tech mega-stocks. “Apple hasn’t repeated the AI mantra too often,” Yardeni stated. Conversely, he said, the anticipation around NVIDIA’s upcoming convention in San Jose, CA, presents a buoyant outlook for the AI and semiconductor sectors.

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PRESENTED BY FINANCE BUZZ

5 Fun Ways to Make Money By Doing (Almost) Nothing

Feeling lazy but still want to earn some extra cash? We've done our research and found some unusual (but legit) ways that people can stack their bank accounts without having to leave their house. Some will help you save. Others will help you pad your wallet right away.

If your bank account could use a boost but you don't want to start a second job, then these could be right for you.