• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / Stocks

Headline Risk Weighs on the Indexes Even as Stock Picking Continues To Improve

Many small-caps, growth names and biotechnology stocks have found good support and are developing tentative uptrends.
By JAMES "REV SHARK" DEPORRE
Feb 17, 2022 | 07:58 AM EST

The market has been bouncing around on news flow about the Ukraine crisis, but there is some pentup buying power and it was put to work on Wednesday when the minutes of the last Federal Open Market Committee (FOMC) meeting were released.

There wasn't anything particularly positive about the minutes and conditions have changed quite a bit in the interim, but events such as this often serve as a catalyst for market players who are looking to make a move. Despite negative news flow there appears to be some persistent support in various areas of the market, and that is what caused the strength Wednesday afternoon.

Unfortunately, the Ukraine situation remains very unclear, and we are going to have a steady diet of tweets and news headlines about Russian army movement and manipulative remarks from world leaders. The potential for a Russian invasion is out there and the market is going to stay contained until something changes.

Even though the indexes are held hostage by interest rates and Russia, there continues to be better trading action under the surface of the market. Stock picking is working better and charts are developing. Many small-caps, growth names and biotechnology stocks have found good support and are developing tentative uptrends.

While this certainly is not a roaring bull market, there is a reversal of the action that dominated over the past year where strong indexes covered up very broad weak action. The indexes are struggling now, but the underlying action has improved and is in good shape for further improvement.

We have a little early pressure on some of the headlines about Ukraine and there are a few big movers on earnings news, but it is looking like an environment that may work for selective stock pickers.

Rising interest rates, inflation and market volatility are on the horizon. You don't want to miss out on this exclusive opportunity to unlock Action Alerts PLUS at our lowest price of the year.

Market volatility is on the rise. Unlock Real Money at our lowest price of the year and let our Wall Street experts do your investing homework for you.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
TAGS: Fixed income | Investing | Stocks | Trading | Real Money

More from Stocks

I'm Making Small Bets With These 2 Stocks

Bret Jensen
Jan 27, 2023 11:30 AM EST

While I remain cautious on the overall market, I continue to act upon the limited opportunities I'm finding in the current market.

Chevron Is Crushing It and for My Portfolio Too: Here's the Trade

Stephen Guilfoyle
Jan 27, 2023 10:51 AM EST

The only reason to exit the stock now is profit-taking.

Adani Companies Plunge Under Hindenburg Attack, Hurting Secondary Sale Attempt

Alex Frew McMillan
Jan 27, 2023 9:30 AM EST

Retail investors may baulk now they are being offered Adani Enterprises shares at a range well above their current trading price.

Intel Tanks (Again), but I Spy 3 Other Charts That Look Pretty Darn Good

Bob Byrne
Jan 27, 2023 9:00 AM EST

The trio consists of a beverage seller, a connectivity company and a producer of advanced driving system technology.

Sobering Conversation, Not-So-Hot GDP, Ominous Yield Spread, Rally On

Stephen Guilfoyle
Jan 27, 2023 7:49 AM EST

Plus, we take a close look at the charts of the S&P 500 and Nasdaq Composite and check out Tesla, Disney and Salesforce.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:48 AM EST REAL MONEY

    Watch Doug Kass on the Daily Rundown!

    In today's Action Alerts PLUS Daily Rundown, Doug ...
  • 11:03 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend On Real Money

    It's time to start using this power to build great...
  • 03:06 PM EST BOB LANG

    LEAPS Webinar

    This week, I offered a free webinar session talkin...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login