InvesTrends
Chevron’s ((CVX) earnings are spectacular. The stock will pop on the open. Look for the same with Exxon (XOM).
Very strong market open expected. Look for Fintech to move, AFRM and SOFI. Healthcare very strong, UNH earners stellar, will be up $10+. Bank earnings huge.
Another good stock for an IRA is BDXB, near it's low at $52.09, paying $3.00/share/year (6%). The next quarterly X-date is early November. Consider buying it now and as it nears the X-Date.
Suggestion for extreme down days like this: select a stock you have always wanted to own ( I’ll use CAT as an example). Instead of buying the stock at $190 with downside risk but upside potential being down $9+\share today, buy an out of the money call for for the future. Example, a 9-24 $195 at approximately $1.50 per call. If the market continues down, you may lose the $150 investment times the number of options purchases. If the market (and the stock) turn, you leverage your upside. If the stock recover the loss, back to $200 (I’m not suggesting that will happen), you could buy CAT for $195 or sell the option for 300% gain. Remember, this is a. Example, consider a stock you like
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