{"id":226004,"date":"2021-05-11T20:34:01","date_gmt":"2021-05-12T00:34:01","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=226004"},"modified":"2021-05-12T07:56:01","modified_gmt":"2021-05-12T11:56:01","slug":"markets-extend-selling-but-tech-recovers","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-extend-selling-but-tech-recovers\/","title":{"rendered":"Markets extend selling, but tech recovers"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/1204\/Gordon-Reid\">Gordon Reid<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/CIEN-N\"><span class=\"company-name\">Ciena<\/span><\/a> (<strong>A Top Pick Apr 22\/19, Up 26%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>Tuesday began with stocks selling across the board. The Nasdaq plunged as much as 2%, but by late afternoon had climbed into the positive a few times and finished just below the flatline. The S&amp;P and Down finished -0.87% and -1.36% while the TSX wound up -0.49%.<\/p>\n<p>Remember that these indices made all-time highs just last Friday. It appeared to be another session of investors rotating out of tech, but the Nasdaq&#8217;s recovery surprised many. Many tech names closed positive for the first time since Friday. <a href=\"https:\/\/stockchase.com\/PYPL-Q\">PayPal<\/a> and <a href=\"https:\/\/stockchase.com\/TWTR-N\">Twitter<\/a> rallied 2% while <a href=\"https:\/\/stockchase.com\/ATVI-Q\">Activision Blizzard<\/a> rose 2.33% and <a href=\"https:\/\/stockchase.com\/BIDU-Q\">Baidu<\/a> 3.42%. Energy, utilities and financials lagged. <a href=\"https:\/\/stockchase.com\/OXY-N\">Occidental Petroleum<\/a> sank nearly 8%, <a href=\"https:\/\/stockchase.com\/LEN-N\">Lennar<\/a> slid 4.18% and <a href=\"https:\/\/stockchase.com\/HD-N\">Home Depot<\/a> lost 3%.<\/p>\n<p>In Toronto, only materials closed in the positive as the miners outshone all other sectors. <a href=\"https:\/\/stockchase.com\/FVI-T\">Fortuna Silver Mines<\/a> rallied over 4% and <a href=\"https:\/\/stockchase.com\/CS-T\">Capstone<\/a> popped 5.44%. Beyond minerals, <a href=\"https:\/\/stockchase.com\/SHOP-T\">Shopify<\/a> gained 3% and <a href=\"https:\/\/stockchase.com\/PIF-T\">Polaris Infrastructure<\/a> 3.33%. In contrast, energy names like <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a>, down 2%, and <a href=\"https:\/\/stockchase.com\/CNQ-T\">CNQ<\/a>, down 2.36%, lost ground. <a href=\"https:\/\/stockchase.com\/ATZ-T\">Aritzia<\/a> slid 4.48%, after it reported a Q4 net revenue decline, but an 81% jump in e-commerce revenue. <a href=\"https:\/\/stockchase.com\/CURA-T\">Curaleaf<\/a> reported an impressive beat and looked like it would sell, but closed up 3.17%. GOld was flat, but WCS jumped 2% and WTI rose nearly 1%.<\/p>\n<p>&#x1f4b3; <a href=\"https:\/\/stockchase.com\/PYPL-Q\">PayPal Holdings Inc.<\/a> +2%<br \/>\n&#x1f426; <a href=\"https:\/\/stockchase.com\/TWTR-N\">Twitter, Inc<\/a> +2%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/ATVI-Q\">Activision Blizzard<\/a> +2.33%<br \/>\n&#x1f232; <a href=\"https:\/\/stockchase.com\/BIDU-Q\">Baidu.com<\/a> +3.42%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/OXY-N\">Occidental Petroleum Corp<\/a> -8%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/LEN-N\">Lennar Corp.<\/a> -4.18%<br \/>\n&#x1f6e0; <a href=\"https:\/\/stockchase.com\/HD-N\">Home Depot<\/a> -3%<br \/>\n&#x1f948; <a href=\"https:\/\/stockchase.com\/FVI-T\">Fortuna Silver Mines<\/a> +4%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/CS-T\">Capstone Mining Corp.<\/a> +5.44%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/SHOP-T\">Shopify Inc.<\/a> +3%<br \/>\n&#x1f4a1; <a href=\"https:\/\/stockchase.com\/PIF-T\">Polaris Infrastructure<\/a> +3.33%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc<\/a> -2%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CNQ-T\">Canadian Natural Rsrcs<\/a> -2.36%<br \/>\n&#x1f457; <a href=\"https:\/\/stockchase.com\/ATZ-T\">Aritzia Inc.<\/a> -4.48%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/CURA-T\">Curaleaf Holdings Inc.<\/a> +3.17%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Gordon Reid, including Ciena (A Top Pick Apr 22\/19, Up 26%) Get Premium to receive all past top picks opinions a few hours before market open. Tuesday began with stocks selling [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-226004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/226004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=226004"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/226004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=226004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=226004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=226004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}