Market Debrief (Friday March 1, 2022)

 Happy Friday and First Trading Day of Q2 Stock Talkers!


Stocks picked up steam to start the quarter out on a positive note. Oil decreased and settled at about $99 per barrel. We have a warning coming out saying a recession could be likely to happen. We had the 2-year Treasury bond invert with the 10-year Treasury bond. The last 8 times this has happened, it has led to a recession. This could be an interesting move for stocks as we could see major indices fall back into correction territory and stocks take some hits again. My suggestion is to start finding some companies with solid track records and companies that you like. Just so if this recession hits, you can have some golden opportunities to get into some of these solid companies at discount prices.

Major Indices:    

  • S&P 500      4,545.86 +15.45 (+0.34%)
  • DJI              34,818.27 +139.92 (+0.40%)
  • Nasdaq        14,2261.50 +40.98 (+0.29%)

Most Active Stocks (Volume):

  • DiDi Global Inc. ($DIDI) (154.195M)
  • NIO Inc. ($NIO) (109.306M)
  • Advanced Micro Devices, Inc. ($AMD) (111.165M)

Notable Gainers (Large Cap):

  • KE Holdings Inc. ($BEKE) (+13.26%)
  • DiDi Global Inc. ($DIDI) (+12.80%)

Notable Losers (Large Cap):

  • J.B. Hunt Transport Services, Inc. ($JBHT) (-9.60%)
  • Rivian Automotive, Inc. ($RIVN) (-7.56%)
  • Norfolk Southern Corporation ($NSC) (-6,79%)

Company News:

  • GM saw sales slump in Q1, trailing Toyota.
  • Amazon workers have voted to join a union.
  • Uber is heeding driver calls for help to counter the current gas prices.
  • Amazon is under congressional investigation as one of the warehouses collapsed.

*Information from Yahoo Finance, CNBC, Fox Business, and Nasdaq

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