Why Bulls Should Bet on This Blue-Chip Bank in July

Dow futures are pointed toward a 440-point loss

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7/08/2021 Have you seen our volatility scorecard? Sign up by clicking here! Rising Covid-19 Concerns Send Stock Futures Spiraling By: Lillian Currens Stock futures are spiraling this morning, with the Dow Jones Industrial Average (DJI) pointed nearly 440 points lower, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also firmly entrenched in red ink. Fears over a slowing comeback for the global economy are putting pressure on stocks, driven by Japan's state of emergency declaration in Tokyo, ahead of the summer Olympics. Reopening and retail stocks were feeling the most pressure, while the semiconductor sector was also weighed down by Wall Street's reopening anxieties. The closely watched 10-year Treasury yield, meanwhile, ticked below 1.255% -- its lowest level since late February -- though the reason for the sharp and sudden drop is still ambiguous. An unexpected rise in U.S. weekly jobless claims isn't helping matters. Unemployment filings rose to 373,000 for the last week, topping the 350,000 Dow Jones estimate.  Continue reading for more on today's market, including: Why Goldman Sachs stock looks like a safe play in July. The small-cap bulls should look into ahead of earnings.   Plus, CCL sinks on delta variant fears; bank stocks keep sliding; and why SCHW got a downgrade.   Share on Read More...       #1 Tech Named Inside... According to the World Economic Forum, this new technology could be worth $12.7 trillion over the next few years. That's 10x the size of Amazon today and bigger than mega tech firms like Apple, Google and Facebook combined. Click here for the full story (#1 Tech Named Inside). Sponsored In Case You Missed It... Today's Stock Market News & Events: 7/8/2021 Weekly jobless claims and earnings expected from Levi Strauss Bank Stocks Kick Off Another Earnings Season The OPEC monthly report will be due out on Thursday What Is Musk up to Now? What Musk's Bizarre Bitcoin Moves Are Really About Big Tech Boosts S&P 500, Nasdaq to Record Closes Investors pored over the Fed's June meeting minutes 10X Bigger Than Amazon, Apple, or Google?? Amazon, Tesla, and Facebook...plus all the major U.S. Military branches...Are piling into a controversial tech that could be worth over $12 trillion over the next few years. Looking to cash in on the next major tech trend? This is it. Get the full story here. Sponsored Want More Minute-to-Minute Updates? Ranking the most volatile stocks → Schaeffer's Volatility Scorecard Midday check-in → Midday Market Check After the market close → Market Recap Last week's rundown → 5 Minute Market Rundown Analyzing the current market climate → Monday Morning Outlook What's on our CEO's radar this week → Chart of the Week Schaeffer's has a podcast, have you given us a listen?       ADVERTISE // CAREERS // SHOP Be sure to add us to your contacts so you don't miss out on any news! Unsure of how to do that? Follow our instructions located here. For more information about our privacy practices, please review our Privacy Policy or our Terms & Conditions. 5151 Pfeiffer Road Cincinnati, OH 45242 If you didn't create an account using this email address or no longer wish to receive these emails, please unsusbscribe here.