The Biggest Losers: Stocks Plunge On CPI Report

Sep. 16, 2022 10:00 AM ETAMD, CVNA, META, NVDA, PTON, SOFI, SPOT, UPST, W20 Comments
Steven Cress profile picture
Steven Cress
21.77K Followers

Summary

  • August CPI results are in, and the markets plunged on hotter-than-expected news. The DOW fell 1200 points, with the Nasdaq and S&P 500 not too far behind.
  • Watch out for the Biggest Losers! August’s inflation shock may prompt investors to buy fallen stocks, but the dip in growth and tech sectors may prove riskier than the reward.
  • Despite a drop in gas prices and the exclusion of food and energy, CPI rose 0.6% from July.
  • Avoid being caught off-guard when investing in stocks with volatile price swings. Seeking Alpha’s quant rating tools offer a way to spot stocks at risk of performing poorly, and evaluate stocks.

winners and losers in the global financial market

Glo Danke/iStock via Getty Images

August CPI, Inflation, and a Not-So-Soft Landing

So much for a soft landing! Following Tuesday's hotter-than-expected inflation reading, which sent indexes and stocks on a freefall, mounting inflationary pressures have indicated that the odds of a big Fed

CPI Price Pressures

CPI Pricing Pressures (Bureau of Labor Statistics - Bloomberg)

Wayfair 5-day Price Performance Following CPI

Wayfair 5-day Price Performance Following CPI (Seeking Alpha Premium)

NVDA's Poor Report Card & Ratings on Key Investment Characteristics

NVDA's Poor Report Card & Ratings on Key Investment Characteristics (Seeking Alpha Premium)

NVDA Stock Valuation

NVDA Stock Valuation (Seeking Alpha Premium)

NVDA Momentum Grade

NVDA Momentum Grade (Seeking Alpha Premium)

This article was written by

Steven Cress profile picture
21.77K Followers
Head of Quantitative Strategies at Seeking Alpha. Data analysis and interpretation have taken center stage in my career. For my purpose, the interpretation of data is the process of making sense of statistics that have been collected, analyzed, and scored. This skill-set has served as a solid foundation for me to identify trends and make transparent predictions in the course of money management. It has also allowed me to develop user-friendly web-based tools that furnish individuals with the indicators and signals to instantly interpret the strength or weakness of a company's value. Importantly, this expertise has helped me build Wall Street trading desks, launch international hedge funds, and construct a SaaS FinTech investment research company. Prior to my role at Seeking Alpha as the Head of Quantitative Strategies, I founded a Hedge fund and Asset Management company (Cress Capital Management), I was the Head of International Business Development at Northern Trust, and the majority of my career was at Morgan Stanley running a proprietary trading desk.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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