Stocks to watch on Tuesday, August 17 includes Ally Financial, Vroom, Berry Global Group, CenterPoint Energy, Conagra Brands, Herbalife Nutrition, GoHealth, Snowflake, Skillz, Zoom Video Communications, Tesla, Apple, Amazon, NVIDIA amongst others.
Some of these stocks are showing the biggest gains in the pre-opening trades while some others are the most active stocks. Stocks that are the biggest losers in the pre-market session are sliding downwards.
GreenBox POS, IZEA Worldwide, AppTech Payments, TransGlobe Energy, Ginkgo Bioworks Holdings, Mainz Biomed, Kaspien Hldgs, NRX Pharmaceuticals, Save Foods, Hallmark Financial Servs, T2 Biosystems, Tremor Intl amongst others.
So far, the second half of 2022 is going along well for the bulls. From the lows of May 2022, the bear market rally has generated almost 15% returns for investors. However, S&P 500 and Nasdaq Composite are still down by 10% and 16% respectively in 2022.
With inflation slowing down, US Fed is expected to be less aggressive in rate hikes ahead. All hope now rests on the upcoming GDP numbers that will show the real impact of previous rate hikes by the Fed in 2022. September FOMC meeting, GDP numbers and corporate earnings of the July-August-September quarter will together hold the key to providing direction to the US stock market ahead.