Buy the Dip on This FAANG Stock

The Dow shed 250 points on Monday

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Schaeffer's Market Recap
10/11/2021
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Benchmarks Settle Lower as Inflation Fears Emerge


By: Fernanda Horner

The Dow shed 250 points on Monday, despite adding over 200 points at its session highs. Inflation fears emerged after oil prices topped $82, though the commodity did cool in the afternoon hours, and energy stocks sunk. The S&P 500 also erased earlier gains to settle with a loss, while the Nasdaq finished well below breakeven as well. Investors are now eyeing earnings reports from major bank names, with JPMorgan Chase (JPM) and Goldman Sachs (GS) set to report later this week. Specifically, traders are looking for clues in regards to supply chain challenges heading into the holiday shopping season.

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

  • Now is the time to buy this FAANG stock.
  • Checking in with Goldman Sachs stock before earnings.
  • Plus, why Deutsche Bank upgraded SBUX; behind Cleveland-Cliff's latest acquisition; energy stock hit with downgrade.
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