Market Debrief (Thursday May 12, 2022)

Happy Thursday Stock Talkers!


Stocks endured another choppy session with Nasdaq finishing up on the day. The main technology stocks were the ones to blame for the lag on the market today. Stocks continued to be choppy as the investors are still digesting the inflation numbers that were put out yesterday. The major talk of the day was cryptocurrency as $800B of value has been lost. A lot of worrying is becoming apparent in all investments. Fear is upon us and a huge sell-off is continuing to happen. However, it is an ideal time to find some great companies that are trading at really good valuations and get into them. This is a make or break opportunity for investors and has potential to give off some wonderful returns. I think the Fed needs to step up there game because they seem to be behind a little bit. I really want to see my portfolio turn it around because it is hard to watch, but you have to trust these companies for the long-term because it will grow your wealth.

Major Indices:    

  • S&P 500      3,930.08 -5.10 (-0.13%)
  • DJI              31,730.30 -103.81 (-0.33%)
  • Nasdaq        11,370.96 +6.73 (+0.06%)

Most Active Stocks (Volume):

  • Apple Inc. ($AAPL) (181.118M)
  • Advanced Micro Devices, Inc. ($AMD) (128.052M)
  • Ford Motor Company ($F) (112.218M)

Notable Gainers (Large Cap):

  • AppLovin Corporation ($APP) (+34.68%)
  • Roblox Corporation ($RBLX) (+19.23%)
  • Coupang, Inc. ($CPNG) (+18.51%)

Notable Losers (Large Cap):

  • Manulife Financial Corporation ($MFC) (-10.47%)
  • Constellation Energy Corporation ($CEG) (-6.57%)
  • Synchrony Financial ($SYF) (-6.51%)
Earnings I'm Watching Tomorrow:
  • Honda Motor Company, Ltd. ($HMC)
*Information from Yahoo Finance, CNBC, Fox Business, and Nasdaq

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