Today’s Biggest S&P 500 Loser Wasn’t a Household Name. It Dragged Down IT Stocks Anyhow and more | August 7, 2023

Fortinet didn't have a good day. And the information-technology giant pulled other stocks down...  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Monday, August 7, 2023 = [Yahoo Business](=) [Today’s Biggest S&P 500 Loser Wasn’t a Household Name. It Dragged Down IT Stocks Anyhow](=) Fortinet didn't have a good day. And the information-technology giant pulled other stocks down alongside its own.Shares in the cybersecurity company plunged 25%, making it easily the worst-performing stock in the S&P 500, according to Dow Jones Market Data. The decline wiped out much of its share- [Read More](=) = [All Star Charts - JC Parets](=) [Swing Trader Pro: Morning Briefing (08-04-2023)](=) From the Desk of Kimmy Sokoloff $AMZN had good earnings, $AAPL not so much. Futures are up some, but it’s been a bumpy week. Here’s what I’m looking at this morning: I’m watching $BA to see if it can hold on to 230.60 for a potential move back to 236. I’ll see you in the [Read More](=) = [Yahoo Business](=) [Daily – Vickers Top Buyers & Sellers for 08/04/2023](=) Find the latest Agree Realty Corporation (ADC) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance [Read More](=) [Yahoo Business]() [How Much Should I Withdraw From My Retirement Account? Edward Jones Says Start With These Percentages]() One of the most important decisions in retirement is choosing how much to withdraw from your savings. You need to take out enough to meet your spending needs, but not so much that you end up running out of money. While there's no real consensus on a safe withdrawal rate, a recent report from Edward [Read More]() [Yahoo Business]() [The turnaround stories being overlooked by investors in 2023: Morning Brief]() The stock market has a lot of turnaround stories without the gains priced in. [Read More]() = [Seeking Alpha](=) [American Eagle gains amid activist speculation post 13F filing](=) American Eagle Outfitters (AEO) rose 3.4% amid speculation of potential activist involvement after a 13F filing and the clothing retailer preannouncing Q2 results. Barclays was... [Read More](=) [Yahoo Business]() [Icahn Enterprises Stock Plunges as Quarterly Payout Is Cut in Half]() The company posts a second-quarter loss of 72 cents a share, wider than the year-earlier loss of 41 cents. [Read More]() = [MarketWatch](=) [The Tell: JPMorgan abandons U.S. recession call, instead sees ‘subpar growth’ in 2024](=) A top economist at JPMorgan Chase & Co. no longer expects a recession to arrive in the U.S. before the end of 2023, or in 2024, but says risk of a downturn remain elevated. [Read More](=) [The Wall Street Journal]( [Stocks Have Had a Great Year. Cue the September Effect.]( September is traditionally the weakest month for U.S. stocks. This year, investors say the turning of the calendar should be especially worrying. [Read More]( = [All Star Charts - JC Parets](=) [Are You Ready To Rotate Into Cyclicals?](=) From the Desk of Ian Culley @IanCulley It’s commodities over bonds. In fact, we’re now in an everything-over-bonds environment as rates continue to rise. Looking for an uptrend? Just place US Treasury bonds or the Japanese yen in the denominator, and voila! I consider the commodity-versus-bonds ratio one of if not the most important high-level [Read More](=) [All Star Charts - JC Parets]() [Your Rug Pull Arrived]() It took most investors over a year to realize stocks had been in a bull market that whole time. And now that, “breadth is finally improving” and, “the recession isn’t coming”, you get the classic rug pull and rotation into defensive sectors. With a bearish momentum divergence and S&Ps flirting with short-term disaster here, our more defensive posture... [Read More]() [The Wall Street Journal]( [Stablecoins Offering Less Stability for Coinbase]( Declining interest revenue from stablecoins is one of many headwinds for the crypto exchange. [Read More]( [All Star Charts - JC Parets]() [August Strategy Session: 3 Key Takeaways]() We held our August Monthly Strategy Session Wednesday night. Premium Members can access and rewatch it here. Non-members can get a quick recap of the call simply by reading this post each month. By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their [Read More]() [All Star Charts - JC Parets]( [Swing Trader Pro: Afternoon Briefing (08-04-2023)]( From the Desk of Kimmy Sokoloff We got a little reprieve from the selling today. We’ll see how the indices handle their respective resistance levels. Here are today’s trades: I bought $AMZN at 141.41 and sold at 141.99. I bought $OXY at 63.40 and sold at 63.90. I bought $QCOM at 119.36 and sold at [Read More]( [The Wall Street Journal]() [Icahn's Firm Cuts Dividend in Half After Activist Pressure]() Icahn Enterprises also said it would wind down bets that the stock market would collapse, which have inflicted heavy losses. [Read More]()  = = Trade Stocks 580 Broadway Street, Suite 201B, Laguna Beach, Ca, United States, 92651 All Rights Reserved © 2023 [Terms & Conditions]() | [Report](=) | [Privacy Policy]() | [Unsubscribe](=) | [Contact](