|Day Low/High||20.86 / 21.67|
|52 Wk Low/High||12.37 / 26.51|
Did anyone else see the semi-annual Financial Stability Report?
The red-hot sector is now running into a number of headwinds that could hamper further growth.
I've been on the bandwagon for a short while now, producing income through the sales of related puts and calls.
Plus, Snap Inc. disappoints with its guidance as Apple lets users opt out of being tracked by individual apps.
I think that CLF can meet all of its short to medium-term obligations, and that should be our (my) window as an investor.
A potential correction could provide a buying opportunity for longer-term investors in the producer of steel and iron ore.
This COVID-19 vaccine is the potential savior of more than just the market.
You don't want to throw away a perfectly good stock because its p/e is high. I would be more worried if its p/e is low.
Also, the NFIB Small Business Optimism Index printed at 99.7 for July, still on the strong side, but well below June's print, and well below expectations.
Let's look at Nucor, Cleveland Cliffs, and U.S. Steel.
Plus, we take a deeper dive into the second-quarter GDP numbers.
Are traders and investors confused? Possibly. Was that the intent? No, but I think Jerome Powell is fine with that.
Let's check and see how the CLF charts look.
Right now, we are spirits in the Materials world.
Here I'll preview a simple symmetry setup in NIO and a pullback setup in CLF -- just don't get too close to the edge.
Their power is now down to two stocks: AMC and GameStop.
Let's see what makes an 'aisle' of stocks hot and what makes another messy -- and what I'd suggest you put in your cart.
I've got a couple names that prove that Reddit's WallStreetBets' power over stocks is way overestimated.
Let's look at the many positive story lines out there -- which having nothing to do with the Fed -- and what they mean for investors.
Let's review the charts and indicators.
Let's talk about cycles and what will occur if the Fed Chair decides inflation isn't transitory and gives up the good fight to keep rates low.
Sure you can but any of these, but do not buy all of them because you will be betting against the business cycle.
It's a bullish picture for the producer of iron ore and steel.
Getting dizzy looking down from here? Then look up, because we may just be getting started on this market.