Welcome to Extreme Investor Network, where we provide unique insights and analysis on the latest investing trends. Today, we delve into the world of stocks and give you a sneak peek at what our experts were watching as the three major averages started September on a losing note.
Nvidia made headlines on Tuesday as it lost more market value than any other stock in a single day, a whopping $279 billion. This marked the fifth time the stock lost over $200 billion in market cap in a day, with Tuesday’s action being the most significant. Despite the drop, Nvidia is up 118% in 2024, showing significant growth potential.
Moving on to the VanEck Semiconductor ETF, which held up reasonably well on Tuesday despite broader market declines. The SPDR S&P Dividend ETF also saw some movement, falling 0.4% but hitting a 52-week high earlier in the session.
In the utilities sector, we saw a flat finish on Tuesday but with some interesting developments. The sector is paying a 3% dividend, making it an attractive option for investors seeking stable returns. Some notable performers in the sector include NRG Energy, PG&E, and Constellation Energy, all showing positive growth in the past month.
Big Oil took a hit on Tuesday, with the S&P Energy sector losing 2.4%. APA, EOG Resources, and Halliburton were among the biggest decliners, dropping significantly during the session. However, Oneok and Targa bucked the trend, posting gains in the past month.
As we gear up for the NFL season, our expert Contessa Brewer will explore the gambling stocks landscape and their performance in anticipation of the first game. DraftKings, Flutter, and MGM Resorts are just a few names to watch as we head into football season.
In the retail sector, Dollar Tree is set to report before the bell on Wednesday, following Dollar General’s disappointing results last week. Keep an eye on Dollar Tree’s performance as it navigates market challenges in the retail space.
Stay tuned for more exclusive insights and expert analysis on Extreme Investor Network. Don’t miss out on the latest investing trends and opportunities that could shape your financial future. Join us today and take your investing to the extreme!