AMD Scores Bull Notes After Earnings

The Dow is swimming in red ink, however

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Schaeffer's Midday Market Check
4/28/2021
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S&P 500 Hits Intraday Record Ahead of Fed Decision


By: Jake Scott

Stocks are mostly lower at midday, as investors digest Big Tech earnings and the Federal Reserve wraps up its two-day policy meeting, with comments from Fed Chair Jerome Powell scheduled for 2:30 p.m. The central bank is not expected to make major moves -- rather, it is more likely to back up its current stance on inflation. At last check, the Dow Jones Industrial Average (DJI) is off around 122 points. The S&P 500 Index (SPX) is only marginally higher, after earlier hitting an intraday high, while the Nasdaq Composite (IXIC) is in the red. Looking ahead, U.S. President Joe Biden will give an update on his $1.8 trillion families and children plan later today.

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

  • Chip name attracts bull notes after earnings beat.
  • What the brokerage bunch has to say about Visa stock.
  • Plus, call traders rush BlackBerry stock; Reddit's latest target soars; and BIVI sinks following acquisition.
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In Case You Missed It...


L.O.C.K. System Predicts Crash Before May


Joel Litman's L.O.C.K. system has a history of spotting winners and losers - long before the mainstream media. Like when it predicted the rise of AMD, RingCentral and Square. Or when it spotted the March 2020 crash - a month early. Now it says a massive market shift could be coming - as soon as May. And most Americans are woefully unprepared.

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