Recent volatility in the stock markets has allowed investors to buy discounted quality stocks you couldn’t find earlier in 2024. For example, the S&P 500 lost 8.5% from its 52-week high of 5,669.67 in mid-July to its Aug. 5 closing price of 5,186.33. That’s an average of 0.60% per day over the 14 days. I saw an article from late July about Alphabet (NASDAQ: GOOG , GOOGL ) stock falling 5% in a day. The article tried to explain why the stock fell. The reality is that the recent market correction has made even the best stocks susceptible to big swings, Alphabet being no exception. Whenever volatility increases, I like to find discounted quality stocks on sale that generally wouldn’t be. For example, despite the index’s Aug. 6 rebound rally of a little over 1%, plenty of stocks are down more than 5% since the beginning of August. Some fell more than 5% in a single day and have become attractive buy-on-the-dip candidates. Here are my three favorites. Airbnb (ABNB) Source: BigTunaOnline / Shutterstock.com Airbnb (NASDAQ: ABNB ) stock was down 6.5% through Aug. 6.

Good Morning Traders! In today''s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market. We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market''s pulse to optimize your trading gains. Now, let''s dive into the stock analysis: SPDR S&P 500 ETF Trust SPY (ARCA: SPY) is currently trading near the key level of 531.57. For a bullish scenario, we’re looking for an initial push towards 532.56. Should the price maintain strength above this level, the next target would be 534.17. If 534.17 is defended during regular trading hours, we anticipate further upward movement to 535.43, with 536.31 as the high bull target for the day.

Alphabet is scaling back its focus on smaller ventures and continues to double down on AI. It is also very attractively valued compared to other Ma…

Google parent company, Alphabet Inc. (NASDAQ: GOOG ) (NASDAQ: GOOGL ) finds itself at the center of attention for more than just its search engine prowess . The stock is trading at its lowest valuation compared to its peers within the Magnificent Seven — a group of leading tech giants including Tesla Inc , Nvidia Corp , Microsoft Corp , Meta Platforms Inc , Amazon.com Inc and Apple Inc . Alphabet, over the past month, saw its stock dip by 13.24% due to an ongoing antitrust lawsuit . U.S. District Court Judge Amit Mehta moved the lawsuit into the remedy discovery phase. This indicates potential changes Google … Full story available on Benzinga.com

Palantir Technologies Inc. (NYSE: PLTR ) co-founder and founding partner of 8VC , Joe Lonsdale has voiced his concerns about the unchecked power of big tech and called for more accountability. What Happened : On Thursday, while appearing on CNBC’s Squawk Box, Lonsdale criticized the monopolistic tendencies of big tech companies. He stated, “I think a lot of these big tech companies have become not only kind of slow and ideologically corrupted, I think they’re basically monopolies.” He was responding to a question about the historic antitrust ruling against Alphabet Inc.’s (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google Search earlier this week. See Also: Bernie Sanders Says Google May Be Worth $2 Trillion And Its Founders Worth $292B But It’s Not Above Law: ‘Break It Up’ Lonsdale called for regulations to prevent … Full story available on Benzinga.com

Lower interest rates make it easier for firms to carry out acquisitions . That’s because the lower rates enable them to borrow the funds they need to make big deals much more cheaply. After the number of net new jobs added by the economy in July came in well below economists’ average estimate, 100% of economists surveyed expect the Federal Reserve to slash its benchmark rate by one-half of a percentage point in September. Roughly 60% expect the central bank to reduce the rate by another half of a percentage point in November with the rest anticipating a quarter of a percentage point reduction. Even before the Street became convinced the Fed would rapidly cut rates, the total value of global mergers and acquisitions had risen by 5% in the first half of 2024 versus the same period a year earlier. Now that rates will in all likelihood drop sharply going forward, the number of deals and their value are likely to increase a great deal compared to the past two years when rates were relatively high.

Alphabet and Super Micro Computer are trading at reasonable prices.

Apple ($AAPL) is likely to be adversely affected following a landmark ruling against Google ($GOOGL), compounding a rough few days for the stock af…

⁤Roche is reportedly exploring the sale of Flatiron Health, a cancer data specialist it acquired for $1.9 billion in 2018. ⁤⁤Flatiron is based in New York and backed by Alphabet, and manages electronic health records for cancer patients by providing anonymized data to researchers. ⁤⁤Despite its independent operation under Roche, Flatiron''s […] The post Roche Reportedly Considering Sale of Flatiron Health Amid Strategic Reassessment appeared first on HealthEconomics.com .

Paul Harris, partner and portfolio manager at Harris Douglas Asset Management, discusses his top picks: Novo Nordisk A/S, MSCI, and GOOG.