CNBC Investing Club

What the Club is watching Friday — Bed Bath & Beyond tanks, GM brings back dividend, Meta targets cut

Traders on the floor of the NYSE, Aug. 11, 2022.
Source: NYSE

What the Club is watching Aug. 19, 2022

Stocks look to open lower Friday as bond yields push higher. The S&P 500 is on track to end its four-week winning streak. Crypto slammed Friday morning, with bitcoin down more than 8% and ether down more than 9%.

  • Despite Friday's losses, stocks have soared since mid-June. Was that the bear market bottom? The S&P 500 still has a way to go eclipse its January record high.
  • During the recent rally, we were mostly sellers. But we don't feel the urgency to sell more, as we explained in a commentary Thursday evening.