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- 🙌 Why Traders Are Sitting On Their Hands Till Tomorrow
🙌 Why Traders Are Sitting On Their Hands Till Tomorrow
Market reacts to uncertainty ahead of Friday's economic numbers, two energy stocks to avoid and more
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Happy Thursday Zingernation! And football is back! The Chiefs and Ravens will kick off the season on Thursday Night Football tonight. The best part about the first day of the NFL season is that every fanbase still feels like they're in the race.
And while that uncertainty can drive optimism for football fans, uncertainty can do the opposite for investors in the stock market. And right now, the market is sending some mixed signals, plus, two energy stocks that you may want to avoid.
—Aaron Bry
Plus, want to take your options trading to the next level? Check out today’s partner, Cboe.
MARKET SNAPSHOT
Yesterday: Was a roller-coaster day, with the overall market selling off, then rallying, then selling off again before closing slightly in the red. Tesla was a big winner on the day, closing up more than 4%.
On Our Radar: Lots of economic data hitting the tape this morning, but tomorrow’s jobs data will be even bigger.
TOP STORY
Wall Street Futures Narrowly Mixed As Uncertainty Looms Ahead Of Jobless Claims Data, VIX Pulls Back
Basically: Wall Street’s mood may continue to be jittery, with the index futures trading narrowly mixed in early trading. The uncertainty ahead of Friday’s non-farm payrolls report has proved to be the dampener much of the week.
So: The weekly jobless claims and a duo of service sector readings due for the day could nudge the major indices in either of the directions depending on how they pan out. Here’s how the experts expect the market to react to tomorrow’s date.
PRESENTED BY CBOE
FIVE ZINGERS
Not All AI Companies: AI has been the hottest story on the market, but C3.ai didn’t live up to the hype, trading down 20% on its earnings report.
How Sweet It Is: One analyst is starting to crave Sweetgreen, says company poised for strong revenue and EBITDA boost thanks to this change.
Tapping The Brakes: Chrysler and Jeep are reportedly slowing down production of some of their models due to week demand.
Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.
Where The Strength Is: While most mega-cap tech stocks are struggling, Tesla shares are heating up. Here’s why.
ONE FOR THE ROAD
Basically: Mobileye Global Inc stock is trading lower Friday amid reports that Intel Corp is eying a strategic stake sale of the Israeli autonomous driving company.
So: Intel could sell up to 88% of its stake in Mobileye, Bloomberg cites familiar sources. The company will decide this at Mobileye’s September board meeting in New York. Here’s why the sale could be bad news for both companies.
PRESENTED BY CBOE
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