Mining Stock Could Shine This Year

The Nasdaq is off triple digits midday

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Schaeffer's Midday Market Check
7/30/2021
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S&P 500 Heading for 6th Straight Monthly Win


By: Jake Scott

Stocks are lower this afternoon, though all three benchmarks are pacing for weekly and monthly wins. The Dow Jones Industrial Average (DJI) has all but erased yesterday's gains, down 85 points at last check, and the Nasdaq Composite (IXIC) is off by triple digits thanks to a substantial post-earnings dip from Amazon.com (AMZN). Meanwhile, the S&P 500 Index (SPX) is swimming in red ink as well, though its pacing for its sixth consecutive monthly win. Elsewhere, the Cboe Volatility Index (VIX), Wall Street's "fear gauge," is set to snap a five-month losing streak and is now up 16% in July.

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

  • Celebrate Schaeffer's 40th anniversary with the perfect mining investment.
  • Caterpillar stock falls after lackluster outlook and no guidance.
  • Plus, call traders swarming XPEV; a fashion giant's stellar quarter; and Pinterest's dismal user growth numbers.
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