Signal Says Target This Blue-Chip Stock

Big Tech weakness weighed on the Nasdaq today

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Schaeffer's Market Recap
3/24/2021
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Dow, S&P 500 Pivot Lower in Final Hour of Trading


By: Patrick Martin

Fresh off its worst session in three weeks, the Dow gave back modest gains in the last minute to finish lower. "Reopening" stocks led the initial charge, though the blue-chip index and S&P 500 pivoted sharply from their session highs in late-afternoon trading, to both finish marginally in the red.

Elsewhere, the Nasdaq also logged a day in the red, as Big Tech names like Apple (AAPL) and Microsoft (MSFT) underperformed. Wall Street's "fear gauge," the Cboe Volatility Index (VIX), logged back-to-back wins for the first time since March 4, as the global tally of coronavirus cases crosses 124 million. 

Continue reading for more on today's market, including:

  • Signal says UnitedHealth stock has room to run.
  • This restaurant stock is an intriguing contrarian pick. 
  • Plus, GIS' rough day; call traders play Adobe earnings; and a bank stock gets an overdue bull note.
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