Market Overview

No Fear Friday: PreMarket Prep Recap For Feb. 7, 2020

Share:
No Fear Friday: PreMarket Prep Recap For Feb. 7, 2020

If Friday’s episode of PreMarket Prep is any indication, opinions are extremely divided on how the coronavirus could affect U.S. markets.

Co-host Dennis Dick bemoaned the steady upward move in U.S. stocks, and said he’s still approaching this market with caution until the coronavirus gets under control.

Co-host Joel Elconin is not as bearish, and is sticking to watching key technical levels. He said his main level to watch will be Thursday’s all-time closing high in the S&P futures of 3345.25. He’ll be watching to see if the market can get back there during Friday’s session.

Each guest on Friday’s show offered slightly different takes. HitTheBid’s Kenny Glick said he’s not worried at all about the coronavirus impacting markets, while Wisdom Tree Director of Research Jeremy Schwartz acknowledged the threat, but said he expects it to be more of a short-term headwind.

Stocks also discussed include:

Featured Guests

Kenny Glick, Owner and Creator of HittheBid.com

Kenny Glick started his professional life as a stand-up comic, but was lured into a 'Boiler Room' operation by an admiring fan that thought his personable nature would be a good fit for "selling slime." His career began a few years before the dot-com bubble, but he actually had more success during the crash. More than anything, though, he strives to bring comic relief to trading.

Kenny’s full interview can be viewed at 16:29 in the video below or by clicking here.

Jeremy Schwartz, Director of Research at WisdomTree

As Director of Research, Jeremy Schwartz is responsible for the WisdomTree Equity Index construction process and oversees research across the WisdomTree equity family. Prior to joining WisdomTree, Jeremy was Professor Jeremy Siegel’s Head Research Assistant and helped with the research and writing of Stocks for the Long Run and The Future for Investors. He is also the co-author of the Financial Analysts Journal paper “What Happened to the Original Stocks in the S&P 500?” and the Wall Street Journal article “The Great American Bond Bubble.” Jeremy is a graduate of The Wharton School at the University of Pennsylvania and a member of the CFA Society of Philadelphia.

Jeremy’s full interview can be viewed at 36:00 in the video below or by clicking here.

Watch the full show or listen to the podcast below.

PreMarket Prep is a daily trading show hosted by prop trader Dennis Dick and former floor trader Joel Elconin. You can watch PreMarket Prep live every day from 8-9 a.m. ET here. The replay can be found on Benzinga's YouTube channel, and the podcast is on iTunes, Google PlaySoundcloudStitcher and Tunein.

Meet the Hosts:

Dennis Dick
Joel Elconin

For FASTER NEWS and IN-DEPTH market data, check out Benzinga Pro. CLICK HERE for a free two-week trial.

Like the show? Keep up with Benzinga on all our platforms:
Subscribe to our newsletters
Check out our events Follow us on Twitter
Like us on Facebook

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Posted-In: coronavirusLong Ideas News Short Ideas Futures Markets Trading Ideas Interview Best of Benzinga

 

Related Articles (ATVI + MRVL)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com