The S&P 500 ticked lower on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data. The broad S&P 500 and technology-heavy Nasdaq Composite each slipped 0.1%. The Dow Jones Industrial Average last gained lost 12 points, flickering around flat. Information technology stock Super Micro Computer dropped more than 3%, while chipmaker Nvidia swung between gains and losses in another day of choppy trading. Both moves come as investors question if stocks tied to artificial intelligence have more room to run after monster rallies. Meta also struggled, with the Facebook parent tumbling more than 3%. Outside of tech, pharmaceutical stock Eli Lilly dropped more than 4%. Those
$Opendoor Technologies Inc(OPEN)$Opendoor stuck the landing with impressive Q2 numbers and revised guidance. Most impressively, Opendoor shared visibility to more than $10 billion in revenue over the next 12 months.Despite incredible numbers, the market's misunderstanding of Opendoor resulted in almost a 60% decline from all-time highs.I believe this misunderstanding represents a generational investment opportunity. The business, possible M&A, competitors, and the reason Opendoor will win.n.
Money you know you'll need to spend from your accounts in the next five or so years does not belong in stocks. Neither does cash you should have socked away to handle an emergency that may happen at any time. If you've been a bit lax about following those guidelines, the market being near an all-time high can be a great time to liquidate elevated stocks to buy more conservative assets.
4 Investing Strategies to Navigate the Stock Market in 2021