Analyst: Drop This Insurance Stock Post-Pandemic

The Dow lost 126 points on Monday

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Schaeffer's Market Recap
6/07/2021
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Dow Extends Losses as Nasdaq Bounces Back


By: Lillian Currens

The Dow and S&P 500 continued to churn just below their respective record highs today, with the former extending its midday losses to clock a 126-point drop. The Nasdaq was able to claw its way out of the red, however, settling with a modest win, as many Big-Tech names strengthened. This mostly muted trading action comes ahead of this Thursday's Consumer Price Index (CPI) reading, which could sway future Federal Reserve inflation decisions. Meanwhile, a growing number of "meme" stocks remain squarely in the lime light, staging wild swings while the broader market remains relatively quiet. 

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

  • What bulls are expecting for CLOV, following today's Reddit-fueled rally
  • Morgan Stanley has little hope for this insurance stock, post-pandemic. 
  • Plus, Visa stock gets an upgrade; Reddit traders target RMED; and USCR gets a boost on buyout buzz.
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