What Is A Secured Loan?A secured loan is essentially a loan that is taken out against your home or other collateral. In the context of this guide, when talking about secured loans and secured lending, reference is being made to that of a lender placing a legal charge over a property.The most common type of secured loan is that of a mortgage. It is not within the financial capability of most people to purchase a property outright so most of us will therefore need to secure a mortgage.Again, in the context of this guide, when talking about secured loans and secured lending, reference is being made to secondary secured loans, or ‘second charges’ as they are commonly known within the industry. Borrowers who apply for a secured loan/second charge are doing so to follow that of their first mortgage.How Do Secured Loans Work?To the average lender, secured loans offer a very appealing prospect. They are able to lend out large sums of money with the additional security of a property – They will subsequently have open to them a number of legal remedies in the event of the borrower defaulting there obligations and payments – This will of course include home repossession.A lender will register a secured loan by way of a legal charge with which the applicant must give consent to in order for an application to complete. The charge is then registered at the Land Registry by the lenders solicitors.When it comes to remortgaging, most secured lenders will require the outstanding balance to be redeemed at the same time as the first mortgage. An exception to this is when a second charge lender grants a ‘deed of postponement’, thus allowing the existing second charge loan to run alongside that of the new mortgage lender.What Are The Characteristics Of A Secured Loan?The characteristics of a secured loan share many similarities to that of a mortgage. The most common one being that if your do not keep up the repayments on the secured loan, your home may be repossessed.In the case of taking out a secured loan, it is a common myth that your home will be safe so long as you meet the repayments on your first mortgage. This is not true. If you fail to meet the repayments on your secured loan, even if you are up to date on your mortgage, the lender can seek possession of your property through the courts.Secured loans can be arranged on loan sizes that usually range from £5,000 to £100,000, depending on the lender. Flexible terms are also available on secured lending, ranging from 5 up to 30 years. Some lenders will have schemes available allowing you to borrow more than the value of your property (combined with that of your first mortgage) of up to 125%. These schemes are not too common and it is believed that this is more of a marketing ploy rather than a viable or an advisable option to many borrowers.How Does A Debt Consolidation Secured Loan Work?Debt consolidation loans enables borrowers with significant levels of debt to consolidate some or all of these outstanding commitments into one loan amount and subsequently, one monthly payment. Debt consolidation is seen by many as an extremely effective short term solution to relieving the pressures of debt.It is highly likely that by arranging a secured loan to clear off other unsecured debts such as credit cards, personal loans and hire purchases, the borrower is able to achieve a lower rate of interest than that applied to their unsecured commitments.Not only will this take the effect of reducing the monthly payments but also secured loans can be arranged over a longer term than that of their unsecured counterparts. By extending the term of the loan will also mean that lower monthly payments can be achieved.This is often viewed as a short term solution as in the long term, increasing the term of the debts may mean that you end up paying more interest. The other potential disadvantage of these types of loans is that consolidated debts that were once unsecured would then transform to being secured on the property.What Are The Benefits Of A Secured Loan?There are many benefits to be realised in taking out a secured loan. Many lenders and brokers alike will not charge any upfront fees, house valuation costs or legal fees. Compared to the fees associated with a remortgage, the secured loan option can be a very appealing one to borrowers.Such fees associated with a remortgage will include valuation and administration fees, higher lending charges, discharge fees, title insurance and telegraphic transfer fees – This list is by no means exhaustive however they may not all be applicable in every case.The timescales involved along with the various fees involved can be a put off for some homeowners considering a remortgage.Perhaps the biggest appeal to most homeowners who are seeking finance is the speed at which a secured loan application can complete. At the top end of the scale, an application can take just a matter of days to complete. However for the majority, two to three weeks is a sensible timeframe to look for.The benefits of secured loans when looked at against comparable unsecured loans are that it is highly likely that you will obtain a more favourable rate of interest on secured lending. As discussed earlier, this is due to the fact that the lender will in this case secure the loan by legal charge over the property – reducing their perceived level of risk and subsequently reducing the rate of interest.A secured loan will also offer a more flexible repayment period than that of an unsecured loan – between 5 and 30 years with many lenders. If it is the intention of the borrower to obtain the very lowest monthly payment then this could be large benefit to them.How Do I Know Whether I Should Take Out A Remortgage Or Secured Loan?Each case must be assessed on its own merits. It is impossible to answer this question without careful consideration and assessment of the borrowers circumstances, needs and objectives.The obvious example would be where a borrower seeking finance has a large early repayment charge to redeem their mortgage. In this case it may not be appropriate to remortgage. ERCs (Early repayment charges) can be as high as 7% of the outstanding mortgage balance which can of course result in thousands of pounds.By arranging a secured loan in this instance might mean that you would be paying a slightly higher rate than that of the mortgage, however it could potentially save thousands of pounds of charges.Another example of when taking out a secured loan might be of more benefit to the borrower would be a case where the first mortgage was originally taken out before the individual started to miss payments or run up another form of bad credit. It is highly likely in this instance that raising finance through a remortgage would mean paying a higher non-conforming/sub prime rate on the entire amount of borrowing.By arranging a secured loan might mean that the borrower can still enjoy the prime high street rate applied to the first mortgage whilst only paying a higher non-conforming/sub prime rate on the new secured loan – the additional finance.Can I Apply For A Secured Loan With A Bad Credit History?There are many schemes available today to cater for nearly every type of borrower – regardless of credit history. If there is available equity in your property and you can meet the affordability criteria then it is highly like that you will be eligible for a secured loan. Bad credit will usually be defined between having one or more of the following:# Mortgage arrears# Rental arrears# Secured loan arrears# County Court Judgements# Individual voluntary arrangements# BankruptcyThe more severe your credit history then the higher the interest rate that you will be charged. This again is a reflection of the higher level of risk perceived by the lender.

A total body structure.How come can we see? So why can we hear? For what reason can we speak? How come can certainly we stand, walk, jump, and sit? Quite simply, how do we live in this world? As a result of science and technology, we know today. We can see simply because we possess a two of eyes. People can hear as we have a couple of ears. We can easily speak out mainly because we have actually a mouth and vocal chords. We all can easily stand and perform locomotive functions mainly because we own our body. We are capable live in this globe since we have a full human framework. Even though we may not see it, nonetheless the structure of the human body provides us life, aside from the external components, just like air, food, water, and others, that all of us want to have each day. Without a total body structure, we are not able to live routinely in this world.A simple structure to carry out a goal.Structures are not merely crucial and helpful to the human body. Actually, the office building that you are occupying, the home exactly where you and your spouse and children lives, the automobile that you drive from your home to work, the retail center exactly where you buy your basic and several other personal requirements, and different issues in the natural environment possess a basic structure to accomplish not simply their physical presence but also their goal too. Is right now there a home with out doors and roofs? Is presently there an automobile with out engine and wheels? Structure is an essential part of their being-without it, their being and intent is not complete. If you believe that the structure is only for physical characteristics alone, then simply you require to presume once again. In fact, abstract items also need to have structure in order to endure. And Internet marketing does require a particular structure. In what way?Website marketing structure is created of many aspects.Affiliate marketing is recognized from other different kinds of business ventures, including the brick and mortar marketing, throughout its structures. Online marketing structure is constructed of different factors which include long and short-term advertising tactics, direct and indirect branding market, traffic evaluation, product sales volume analysis, and other important components. There is certainly a need for every single Online marketer, if a neophyte or a skilled one, to understand the structure of Affiliate marketing to obtain the suitable procedure and be good in their particular careers.Learn the fundamental structure of Website marketing.One of the secrets in gaining successful marketing methods is to learn and figure out the fundamental structure of Online marketing. For example, you need to understand that there is a large variation among short-term and so long-term advertising tactics by which the previous is a short-term strategy and the second option is a long-term methodology. Most likely you will ask, Is generally there a considerably better Affiliate marketing structure? Even though the structure is viewed as to be as the standard outline, there are situations in which because of changing market circumstances and other additional factors, there is a need to change a few parts of the structure, possibly to eradicate or put more than a few aspects.Among the best Website marketing structures.The present framework of Website marketing is right now one of the better if not the greatest structures amongst all existing opportunities. Presently there are extra factors that are nowadays considered to be the greatest lifeline of the business online market.THE FOUNDER: you are one of the essential components of an Online marketing structure. The organization will not be effective if you will not fully stand up and lead your organization to the proper path. Keep in mind that the Cyberspace has its personal dungeons and it is exactly where you require to sparkle and destroy the darkness to turn into powerful on your Affiliate marketing career.THE PRODUCT: in the event that you do not have a product to offer, do you think that you will be able to get a cut of the Website marketing income pie? Secondly, it is not merely offering a particular product to online consumers. It is even more of selling an exclusive product that will provide you larger product sales as you complement your Online marketing business. This contains effective advertising of products on the Word wide web and numerous internet based advertising packages.THE DATABASE: it is the list of people who provides you authorization to get in touch with them throughout emails and newsletters. It is significant to the presence of your web business since you will need to build a faithful clientele base that will never simply make purchase yet will even make regular purchase of your solutions.THE AFFILIATES: no person is an island. You equally will need affiliates that will certainly help you publicize and market your goods. They are not only assisting you to earn nevertheless as well helping them to generate for themselves.Due to the smart minds of online marketing innovators and professionals, we possess an enhanced Affiliate marketing structure to lean on.

In today’s tight credit environment, more and more businesses are having to turn to alternative and non-bank financing options to access the capital they need to keep the gears of their business running smoothly.There are a number of different tools available to owners of cash-strapped businesses in search of financing, but two of the main ones are factoring and accounts receivable (A/R) financing. Sometimes, business owners lump these two options together in their minds, but in reality, there are a few slight differences that result in these being different financing products.Factoring vs. A/R Financing: A ComparisonFactoring is the outright purchase of a business’ outstanding accounts receivable by a commercial finance company, or “factor.” Typically, the factor will advance the business between 70 and 90 percent of the value of the receivable at the time of purchase; the balance, less the factoring fee, is released when the invoice is collected. The factoring fee-which is based on the total face value of the invoice, not the percentage advanced-typically ranges from 1.5-5.5 percent, depending on such factors as the collection risk and how many days the funds are in use.Under a factoring contract, the business can usually pick and choose which invoices to sell to the factor-it’s not usually an all-or-nothing scenario. Once it purchases an invoice, the factor manages the receivable until it is paid. The factor will essentially become the business’ defacto credit manager and A/R department, performing credit checks, analyzing credit reports, and mailing and documenting invoices and payments.A/R financing, meanwhile, is more like a traditional bank loan, but with some key differences. While bank loans may be secured by different kinds of collateral including plant and equipment, real estate and/or the personal assets of the business owner, A/R financing is backed strictly by a pledge of the business’ assets associated with the accounts receivable to the finance company.Under an A/R financing arrangement, a borrowing base of 70 to 90 percent of the qualified receivables is established at each draw against which the business can borrow money. A collateral management fee (typically 1-2 percent) is charged against the outstanding amount and when money is advanced, interest is assessed only on the amount of money actually borrowed. Typically, in order to count toward the borrowing base, an invoice must be less than 90 days old and the underlying business must be deemed creditworthy by the finance company. Other conditions may also apply.Features and BenefitsAs you can see, comparing factoring and A/R financing is kind of tricky. One is actually a loan, while the other is the sale of an asset (invoices or receivables) to a third party. However, they act very similarly. Here are the main features of each to consider before you decide which one is the best fit for your company:Factoring:· Offers more flexibility than A/R financing because businesses can pick and choose which invoices to sell to the factor.· Is fairly easy to qualify for. Ideal for newer and financially challenged companies.· Simple fee structure helps the company track total costs on an invoice-by-invoice basis.A/R financing:· Is usually less expensive than factoring.· Tends to be easier to transition from A/R financing to a traditional bank line of credit when the company becomes bankable again.· Offers less flexibility than factoring because the business must submit all of its accounts receivable to the finance company as collateral.· Businesses will typically need a minimum of $75,000 a month in sales to qualify for A/R financing, so it may not be available for very small companies.Transitional Sources of FinancingBoth factoring and A/R financing are usually considered to be transitional sources of financing that can carry a business through a time when it does not qualify for traditional bank financing.After a period typically ranging from 12-24 months, companies are often able to repair their financial statements and become bankable once again. In some industries, however, companies continue to factor their invoices indefinitely-trucking is an example of an industry that relies heavily on factoring to keep its cash flowing.

For those who seek only the finest home entertainment experience, home theaters are the most exquisite features homeowners can add to a home. With incredible advancements in modern wireless technology, now virtually anyone can transform any room into an entertainment paradise. Home theatre rooms are the most impressive addition for any family that has ever dreamed of enjoying a personal movie theater experience while relaxing in the comfortable surroundings of their own home. Here we will discuss how your spare room can reach its full potential and create an awe-inspiring home entertainment environment that will be uniquely your own!When it comes to home theaters, several key factors must be addressed, such as lighting,location, seating. Since home theaters are a few steps beyond the traditional television room, let’s look a little bit further into creating your own personal entertainment oasis.
Choose the Ideal Room for Your Home Entertainment – Home theaters are most often defined by the location and design of the room. Try to choose a room with few windows and minimal exposure to external sound.
Choose a Theme that Is Comfortable for You – From lighting to seating, these custom designed rooms should be made to fit your personal style. With all of the dimming and brightening options, recessed or exposed lighting fixtures and other personalization details, there is a wide selection of seating and lighting features that you can choose from to set your theater apart from the rest.
The Home Entertainment Visual & Audio Experience – This is the meat and potatoes of home theaters, so choose wisely. Think about what your ultimate vision is for your entertainment experience. As far as visual options, you can choose anything from a giant plasma screen to a screen and projector set-up. For state-of-the-art audio options, it is best to seek advice from experienced home theater installers who specialize in acoustic modification to deliver optimal quality in sound.
All the Comforts of Home – Home theaters have an additional benefit: the endless capability of making your home entertainment experience as comfortable as you want it to be. The seating options are innumerable: choose from a wrap-around couch to some recliner chairs, or even install real movie-theater seats that come with their own foot rests! With such a variety of styles to choose from, there is no right or wrong choice; only that which best suits your unique personal taste.
A Little Mood Lighting – Home entertainment theater lighting is crucial; it will either make or break your home entertainment theater experience. Lighting includes everything from LED lighting to traditional spotlight theater lighting, so do lots of shopping and ask the professionals if you’re unsure.
Creating a home entertainment theater in your home should be a well-calculated endeavor best left to professional home entertainment installers. After all, most homeowners only dream about having such a superb level of entertainment, so if you decide to take the plunge, you want to ensure maximum enjoyment of your new home theater.

Imagine a world without geographical limits and zero demographic boundaries. This is how the world will seem when you bring your business online. The worldwide web technology has a lot of features that people can use to help business owners with some very important aspects of handling their businesses. The internet offers a very cheap way to do business and business owners can take advantage of the different technological features as very good marketing strategies to help their businesses.Worldwide web technological features are very useful for three reasons. First, it brings the type of marketing that is efficient, cheap, or which can even be availed at zero costs. Secondly, business owners can save on some overhead costs such as space rentals, electricity costs and other utility charges. Thirdly, online businesses can operate without minus the physical presence of the person who owns it.Many entrepreneurs readily admit that one of the costliest aspects of doing a business is the marketing. Oftentimes, entrepreneurs resort to a paid advertisement on a daily paper, radio or even the television, not to mention the giving out of many fliers and hiring people to distribute those fliers. When you bring your business online, you can eliminate these considerably costly marketing strategies.By simply advertising or putting products on free online shops, you make your products and services readily accessible to many people. Another very good thing about this is that it makes it possible for your business to operate on a 24/7 basis, without you actually exerting efforts to be there while it happens.Overhead costs would often include renting a stall or a space to have products and services on display. The cost on rents is readily eliminated when you bring your business online. By simply posting pictures on online shops, business owners can have efficient online store where people can see the items and shop for the items that they likeBy posting the products and services online, people from the different parts of the world can learn about them. While crossing geographical boundaries are made difficult by political laws and considerations, it is an entirely different case with marketing and selling online. With businesses going online, reaching people from a different continent is very easy when done via the worldwide web.The worldwide web is the invisible, electronic connection that connects people from all places of the world, as long as there is an internet connection in that particular place. Many sites offer an online space where entrepreneurs can display their products and services for free. These sites are also very popular to online shoppers so aside form the free space that they give, entrepreneurs who put up their products and services on these sites can benefit from the internet traffic that these sites have.The technological features associated with online stores and online shopping allow entrepreneurs and consumers to transact over the worldwide web securely, conveniently and fast. These are the advantages the Internet brings to both entrepreneurs and consumers alike, to make your selling and buying easier minus the traditional hassles often associated in making physical or non-internet transactions.

Till few years back, availing any kind of loan was considered to be a sign of depleting financial condition. However as the time changed, so did the mentality or perception in the minds of people. Nowadays loans are considered to be a hand for helping cause not as an evil. The popularity of personal loans is due to the fact that there availing process is simple and easy to understand. These personal loans normally are of two types secured personal loans and unsecured personal loans.Talking first about the secured personal loans. These loans as it is clear by the name are about the loan where security is involved. In these loans the loan aspirant has to keep any of his asset as security with the lender as security. This task is performed to ensure that the lender’s money is safe and in any case of default while repaying the loan, the lender has full authority to recover his money by the auction of property. Since there is involvement of security, therefore the lenders charge very reasonable rate of interest on the loan.However in other type of loan i.e. unsecured personal loans, minimum documentation is required and in addition to that the borrower also need not put any of his asset as security with the lender. The only feature of this loan that is a spot of bother is that in these loans, rate of interest is quite high. Thus it is an ideal option for those who fall under the category of tenants or on property owners as the reason is quite obvious. But that is quite natural it is because it takes great courage to put your money at stake for some one else’s sake.But as these loans are getting popular so is the competition among the lenders. Hence it is very normal to see people compare personal loans. Today various lenders are offering loans to the people both secured and unsecured at very competitive rates. They are offering loan not at only at competitive rates but are also highlighting various other features of the loans such as no hidden costs or no processing fees. Hence they are providing the feature of cheapest personal loan compare. These are some of the features that the lenders are using to attract normal people. But among these all, the Online lenders too are flourishing. It is because the services of these lenders are available at doorsteps courtesy Internet. Also they are giving the loan at quite competitive rates and besides that they are also giving the other facilities.But there are few other things that a loan applicant needs to keep in his mind. First, to get his priorities right about what kind of loan he wants and of how much amount. Second, to read the terms and conditions of the offer document carefully so that he may not fall prey to any kind of exploitation. Third, he is free to consult various lenders or apply Online depending upon his wish.However availing loans and of what kind entirely depends upon the discretion of the borrower. He is free to compare personal loans offered by various lenders.

You heard that it is difficult to get an auto loan approved if you have bad credit history, and yet, you believe that there must be some ways to help you get auto loans for bad credit. Someone truly said, if there is will, there is a way. The fact remains that though most lenders are reluctant to approve car loans, there are some auto loan providers that help you get car loans approved.These lenders help you get auto credit loans even if you have a bad credit score or no credit history at all. Let me tell you how these providers guarantee to get you approved loans. I’m also going to tell you the tricks to help you choose the best and most reliable lenders of auto credit loans.Lenders who offer auto loans despite your bad credit history or no credit score at all need not necessarily be banks or financial businesses. Rather, if you approach banks or other financial organizations for auto loans for bad credit, there are high chances that you will be refused. The prime reason why your loan application is not approved is that they are not convinced about your ability to pay the loan back in time. Since you have bad credit, you really have no ground to prove your reliability.Now if you approach a reputed loan approval company, the trick’s done. The loan approval service providers have a worldwide network of various financial organizations. When you make the approach, your application for a car loan may get rejected. But when these loan approval companies approach them for your car loan, they are easily convinced. It is due to their persuasion that your car loan application gets sanctioned. They convince the lender on your behalf that your financial ability is not what your credit history reveals, and that you are able to pay the loan back in time.Now that you understand why loan approval service providers are essential for getting auto loans for bad credit, you should start finding one, if you are planning to buy a new car on loan. It is not at difficult at all. All you have to do is to search for ‘auto loans for bad credit’ on Google and you will find websites of lots of providers who help you get auto credit loans. Making the right choice is, of course, your task.You really have to be very careful when you choose the service provider who gets your loan approved. There are individual service providers and organizations as well. I’d suggest you to go for the organizations. Since it is a matter of faith and reputation that works as the key factors in convincing the lenders, a reputed and authorized organization is always preferred by the lenders. You should also check out for the online reputation of the service provider. This will help you filter your search and help you find the best and most reputed service provider for guaranteeing auto loans for bad credit.

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.

Summary
SPDN is not the largest or oldest way to short the S&P 500, but it’s a solid choice.
This ETF uses a variety of financial instruments to target a return opposite that of the S&P 500 Index.
SPDN’s 0.49% Expense Ratio is nearly half that of the larger, longer-tenured -1x Inverse S&P 500 ETF.
Details aside, the potential continuation of the equity bear market makes single-inverse ETFs an investment segment investor should be familiar with.
We rate SPDN a Strong Buy because we believe the risks of a continued bear market greatly outweigh the possibility of a quick return to a bull market.
Put a gear stick into R position, (Reverse).
Birdlkportfolio

By Rob Isbitts

Summary
The S&P 500 is in a bear market, and we don’t see a quick-fix. Many investors assume the only way to navigate a potentially long-term bear market is to hide in cash, day-trade or “just hang in there” while the bear takes their retirement nest egg.

The Direxion Daily S&P 500® Bear 1X ETF (NYSEARCA:SPDN) is one of a class of single-inverse ETFs that allow investors to profit from down moves in the stock market.

SPDN is an unleveraged, liquid, low-cost way to either try to hedge an equity portfolio, profit from a decline in the S&P 500, or both. We rate it a Strong Buy, given our concern about the intermediate-term outlook for the global equity market.

Strategy
SPDN keeps it simple. If the S&P 500 goes up by X%, it should go down by X%. The opposite is also expected.

Proprietary ETF Grades
Offense/Defense: Defense

Segment: Inverse Equity

Sub-Segment: Inverse S&P 500

Correlation (vs. S&P 500): Very High (inverse)

Expected Volatility (vs. S&P 500): Similar (but opposite)

Holding Analysis
SPDN does not rely on shorting individual stocks in the S&P 500. Instead, the managers typically use a combination of futures, swaps and other derivative instruments to create a portfolio that consistently aims to deliver the opposite of what the S&P 500 does.

Strengths
SPDN is a fairly “no-frills” way to do what many investors probably wished they could do during the first 9 months of 2022 and in past bear markets: find something that goes up when the “market” goes down. After all, bonds are not the answer they used to be, commodities like gold have, shall we say, lost their luster. And moving to cash creates the issue of making two correct timing decisions, when to get in and when to get out. SPDN and its single-inverse ETF brethren offer a liquid tool to use in a variety of ways, depending on what a particular investor wants to achieve.

Weaknesses
The weakness of any inverse ETF is that it does the opposite of what the market does, when the market goes up. So, even in bear markets when the broader market trend is down, sharp bear market rallies (or any rallies for that matter) in the S&P 500 will cause SPDN to drop as much as the market goes up.

Opportunities
While inverse ETFs have a reputation in some circles as nothing more than day-trading vehicles, our own experience with them is, pardon the pun, exactly the opposite! We encourage investors to try to better-understand single inverse ETFs like SPDN. While traders tend to gravitate to leveraged inverse ETFs (which actually are day-trading tools), we believe that in an extended bear market, SPDN and its ilk could be a game-saver for many portfolios.

Threats
SPDN and most other single inverse ETFs are vulnerable to a sustained rise in the price of the index it aims to deliver the inverse of. But that threat of loss in a rising market means that when an investor considers SPDN, they should also have a game plan for how and when they will deploy this unique portfolio weapon.

Proprietary Technical Ratings
Short-Term Rating (next 3 months): Strong Buy

Long-Term Rating (next 12 months): Buy

Conclusions
ETF Quality Opinion
SPDN does what it aims to do, and has done so for over 6 years now. For a while, it was largely-ignored, given the existence of a similar ETF that has been around much longer. But the more tenured SPDN has become, the more attractive it looks as an alternative.

ETF Investment Opinion

SPDN is rated Strong Buy because the S&P 500 continues to look as vulnerable to further decline. And, while the market bottomed in mid-June, rallied, then waffled since that time, our proprietary macro market indicators all point to much greater risk of a major decline from this level than a fast return to bull market glory. Thus, SPDN is at best a way to exploit and attack the bear, and at worst a hedge on an otherwise equity-laden portfolio.

Your stocks to watch for the week ahead are Cheniere Energy (LNG), S&P 500 biotech giant Vertex Pharmaceuticals (VRTX), Cardinal Health (CAH), Steel Dynamics (STLD) and Genuine Parts (GPC).

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While the market remains in correction, with analysts and investors wary of an economic downturn, these five stocks are worth adding to watchlists. S&P 500 medical giants Vertex and Cardinal Health have been holding up, as health-care related plays tend to do well in down markets.

Steel Dynamics and Genuine Parts are both coming off strong earnings as both the steel and auto parts industries report optimistic outlooks. Meanwhile, Cheniere Energy saw sales boom in the second quarter as demand in Europe for natural gas continues to grow.

Major indexes have been making rally attempts with the Dow Jones and S&P 500 testing weekly support on Friday. With market uncertainty, investors should be ready for follow-through day breakouts and keep an eye on these stocks.

Cheniere Energy, Cardinal Health and VRTX stock are all on IBD Leaderboard.

Cheniere Energy Stock
LNG shares rose 1.1% to 175.79 during Friday’s market trading. On the week, the stock advanced 3.1%, not from highs, bouncing from its 21-day and 10-week lines earlier in the week.

Cheniere Energy has been consolidating since mid-September, but needs another week to forge a proper base, with a potential 182.72 buy point formed on Aug. 10.

Houston-based Cheniere Energy was IBD Stock Of The Day on Thursday, as the largest U.S. producer of liquefied natural gas eyes strong demand in Europe.

Even though natural gas prices are plunging in the U.S. and Europe, investors still see strong LNG demand for Cheniere and others.

The U.K. government confirmed last week that it is in talks for an LNG purchase agreement with a number of companies, including Cheniere.

In the first half of 2021, less than 40% of Cheniere’s cargoes of LNG landed in Europe. That jumped to more than 70% through this year’s second quarter, even as the company ramped up new export capacity. The urgency of Europe’s natural gas shortage only intensified last month. That is when an explosion disabled the Nord Stream 1 pipeline from Russia that had once supplied 40% of the European Union’s natural gas.

In Q2, sales increased 165% to $8 billion and LNG earned $2.90 per share, up from a net loss of $1.30 per share in Q2 2021. The company will report Q3 earnings Nov. 3, with investors seeing booming profits for the next few quarters.

Cheniere Energy has a Composite Rating of 84. It has a 98 Relative Strength Rating, an exclusive IBD Stock Checkup gauge for share price movement with a 1 to 99 score. The rating shows how a stock’s performance over the last 52 weeks holds up against all the other stocks in IBD’s database. The EPS rating is 41.

Vertex Stock
VRTX stock jumped 3.4% to 300 on Friday, rebounding from a test of its 50-day moving average. Shares climbed 2.2% for the week. Vertex stock has formed a tight flat base with an official buy point of 306.05, according to MarketSmith analysis.

The stock has remained consistent over recent weeks, while the relative strength line has trended higher. The RS line tracks a stock’s performance vs. the S&P 500 index.

Vertex Q3 earnings are on due Oct. 27. Analysts see EPS edging up 1% to $3.61 per share with sales increasing 16% to $2.2 billion, according to FactSet.

The Boston-based global biotech company dominates the cystic fibrosis treatment market. Vertex also has other products in late-stage clinical development that target sickle cell disease, Type 1 diabetes and certain genetically caused kidney diseases. That includes a gene-editing partnership with Crispr Therapeutics (CRSP).

In early August, Vertex reported better-than-expected second-quarter results and raised full-year sales targets.

S&P 500 stock Vertex ranks second in the Medical-Biomed/Biotech industry group. VRTX has a 99 Composite Rating. Its Relative Strength Rating is 94 and its EPS Rating is 99.

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Cardinal Health Stock
CAH stock advanced 3.2% to 73.03 Friday, clearing a 71.22 buy point from a shallow cup-with-handle base and hitting a record high. But volume was light on the breakout. CAH stock leapt 7.3% for the week.

Cardinal Health stock’s relative strength line has also been trending up for months.

The cup-with-handle base is part of a base-on-base pattern, forming just above a cup base cleared on Aug. 11.

Cardinal Health, based in Dublin, Ohio, offers a wide assortment of health care services and medical supplies to hospitals, labs, pharmacies and long-term care facilities. The company reports that it serves around 90% of hospitals and 60,000 pharmacies in the U.S.

S&P 500 stock Cardinal Health will report Q1 2023 earnings on Nov. 4. Analysts forecast earnings falling 26% to 96 cents per share. Sales are expected to increase 10% to $48.3 billion, according to FactSet.

Cardinal Health stock ranks first in the Medical-Wholesale Drug/Supplies industry group, ahead of McKesson (MCK), which is also showing positive action. CAH stock has a 94 Composite Rating out of 99. It has a 97 Relative Strength Rating and an EPS rating of 73.

Steel Dynamics Stock
STLD shares shot up 8.5% to 92.92 on Friday and soared 19% on the week, coming off a Steel Dynamics earnings beat Wednesday night.

Shares blasted above an 88.72 consolidation buy point Friday after clearing a trendline Thursday. STLD stock is 17% above its 50-day line, definitely extended from that key average.

Steel Dynamics’ latest consolidation could be seen as part of a larger base going back six months.

Steel Dynamics topped Q3 earnings views with EPS rising 10% to $5.46 while revenue grew 11% to $5.65 billion. The steel producer’s outlook is optimistic despite weaker flat rolled steel pricing. STLD reports its order activity and backlogs remain solid.

The Fort Wayne, Indiana-based company is among the largest producers of carbon steel products in the U.S. It engages in metal recycling operations along with steel fabrication and produces myriad steel products.

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STLD stock ranks first in the Steel-Producers industry group. STLD stock has a 96 Composite Rating out of 99. It has a 90 Relative Strength Rating, an exclusive IBD Stock Checkup gauge for share-price movement that tops at 99. The rating shows how a stock’s performance over the last 52 weeks holds up against all the other stocks in IBD’s database. The EPS rating is 98.

Genuine Parts Stock
GPC stock gained 2.8% to 162.35 Friday after the company topped earnings views with its Q3 results on Thursday. For the week GPC advanced 5.1% as the stock held its 50-day line and is in a flat base.

GPC has an official 165.09 flat-base buy point after a three-week rally, according to MarketSmith analysis.

The relative strength line for Genuine Parts stock has rallied sharply to highs over the past several months.

On Thursday, the Atlanta-based auto parts company raised its full-year guidance on growth across its automotive and industrial sales.

Genuine Parts earnings per share advanced 19% to $2.23 and revenue grew 18% to $5.675 billion in Q3. GPC’s full-year guidance is now calling for EPS of $8.05-$8.15, up from $7.80-$7.95. The company now forecasts revenue growth of 15%-16%, up from the earlier 12%-14%.

During the Covid pandemic, supply chain constraints caused a major upheaval in the auto industry, sending prices for new and used cars to record levels. This has made consumers more likely to hang on to their existing vehicles for longer, driving mileage higher and boosting demand for auto replacement parts.

Fellow auto stocks O’Reilly Auto Parts (ORLY) and AutoZone (AZO) have also rallied near buy points amid the struggling market. O’Reilly reports on Oct. 26.

IBD ranks Genuine Parts first in the Retail/Wholesale-Auto Parts industry group. GPC stock has a 96 Composite Rating. Its Relative Strength Rating is 94 and it has an EPS Rating of 89.