GBA Presents: RADIO SAVANT-!
- Thread starter stonedinvestor
- Start date
Ok slow news day today--
I'm sure you heard Biden went to Ukraine.
Before you get too alarmed at the futures look back at the price action last week. In every trading day the market opened down and clawed back strongly it was only when Fed Member Breaner got real Hawky that they succeeded in turning the market over.
There is a strong buy the dip still in this market despite the scare mongers
Investors pump $5B into the fund market, marking weekly inflows for the first week in three
I'm sure you heard Biden went to Ukraine.
Before you get too alarmed at the futures look back at the price action last week. In every trading day the market opened down and clawed back strongly it was only when Fed Member Breaner got real Hawky that they succeeded in turning the market over.
There is a strong buy the dip still in this market despite the scare mongers
Investors pump $5B into the fund market, marking weekly inflows for the first week in three
I had along lunch with a Bloomberg employee and learned all about that company. Wow! What a ship that guy drives. What a great place to work-- cutting back on nothing.
There is a strong argument to be made that the new leaders are not going to be tech. I was shown a list of companies I would never buy.. to be honest i can't remember any of their names but they were heavy, quasi cyclical and all up quite a bit.
And what of Europe? How do we go from 100% sure they are going to have a severe recession to no recession at all? It really boggles the mind. Meanwhile we were supposed to have a mild recession... and did we already have it?
Megacap stocks are making a big comeback, but that doesn't mean the recent rally is thin, BMO Capital Markets says. In fact, more stocks are participating in the upside.
"There is no denying that 'mega-cap tech' stocks have been notablecontributors to year-to-date price return for the market after largely struggling throughout 2022," BMO Chief Investment Strategist Brian Belski wrote in a note. "In fact, so far in 2023, Apple (AAPL), Microsoft (MSFT), Tesla (TSLA), NVIDIA (NVDA), Amazon (AMZN), Meta (META), and Alphabet (GOOG) (GOOGL) are all part of the top 10 contributors to performance."
"The S&P 500 Equal-Weighted index (RSP) and the S&P 500 are both up 7.7% YTD," Belski said. "At the sector level, eight of 11 S&P 500 equal-weighted sectors have eclipsed their market-cap weighted peers YTD with Communication Services (XLC) (EWCO), Consumer Discretionary (XLY) (RCD), and Technology (XLK) (RYT) the only laggards."
"Even then, these three equal-weighted groups do not trail by wide margins, underperforming the market-cap weighted S&P 500 sectors by 1.9, 2.8, and 1.9 percentage points, respectively."
"To check the degree of market breadth so far this year and whether performance imbalances exist, we grouped S&P 500 (SP500) (NYSEARCA:SPY) stocks into deciles based on market cap and analyzed the average YTD performance across these deciles," Belski said. "If performance was really as distorted as many pundits and investors have described, we would expect the largest group of stocks (decile 1 which includes the aforementioned mega-cap tech stocks) to easily be the top performers."
"However, our analysis shows this is not the case, and performance appears to be fairly balanced across the size spectrum. 6 of 10 deciles posted average YTD gains of 7%+, while 4 deciles outperformed the 7.7% S&P 500 (IVV) (VOO) (SPXU) (UPRO) (SPXL) (SSO) gain with the strongest returns coming from deciles 9, 10, and 5, not decile 1."
"However, mega-cap tech leadership does not automatically imply that performance breadth in the market is weak as many investors seem to be suggesting, based on our client conversations," Belski said.
"The percentages of stocks trading above their 50-day and 200-day moving averages have trended higher in 2023 and currently stand at almost 70%, sizeable upticks from the 42% and 48% of stocks above their 50-day and 200-day moving averages at the end of 2022, respectively," Belski added. "In fact, the current percentage of S&P 500 stocks with prices above their 200-day moving average is not far off its recent high water mark of 77% set in early February, which was the best reading since Sept 2021."
Morgan Stanly be damned!
There is a strong argument to be made that the new leaders are not going to be tech. I was shown a list of companies I would never buy.. to be honest i can't remember any of their names but they were heavy, quasi cyclical and all up quite a bit.
And what of Europe? How do we go from 100% sure they are going to have a severe recession to no recession at all? It really boggles the mind. Meanwhile we were supposed to have a mild recession... and did we already have it?
Megacap stocks are making a big comeback, but that doesn't mean the recent rally is thin, BMO Capital Markets says. In fact, more stocks are participating in the upside.
"There is no denying that 'mega-cap tech' stocks have been notablecontributors to year-to-date price return for the market after largely struggling throughout 2022," BMO Chief Investment Strategist Brian Belski wrote in a note. "In fact, so far in 2023, Apple (AAPL), Microsoft (MSFT), Tesla (TSLA), NVIDIA (NVDA), Amazon (AMZN), Meta (META), and Alphabet (GOOG) (GOOGL) are all part of the top 10 contributors to performance."
"The S&P 500 Equal-Weighted index (RSP) and the S&P 500 are both up 7.7% YTD," Belski said. "At the sector level, eight of 11 S&P 500 equal-weighted sectors have eclipsed their market-cap weighted peers YTD with Communication Services (XLC) (EWCO), Consumer Discretionary (XLY) (RCD), and Technology (XLK) (RYT) the only laggards."
"Even then, these three equal-weighted groups do not trail by wide margins, underperforming the market-cap weighted S&P 500 sectors by 1.9, 2.8, and 1.9 percentage points, respectively."
"To check the degree of market breadth so far this year and whether performance imbalances exist, we grouped S&P 500 (SP500) (NYSEARCA:SPY) stocks into deciles based on market cap and analyzed the average YTD performance across these deciles," Belski said. "If performance was really as distorted as many pundits and investors have described, we would expect the largest group of stocks (decile 1 which includes the aforementioned mega-cap tech stocks) to easily be the top performers."
"However, our analysis shows this is not the case, and performance appears to be fairly balanced across the size spectrum. 6 of 10 deciles posted average YTD gains of 7%+, while 4 deciles outperformed the 7.7% S&P 500 (IVV) (VOO) (SPXU) (UPRO) (SPXL) (SSO) gain with the strongest returns coming from deciles 9, 10, and 5, not decile 1."
"However, mega-cap tech leadership does not automatically imply that performance breadth in the market is weak as many investors seem to be suggesting, based on our client conversations," Belski said.
"The percentages of stocks trading above their 50-day and 200-day moving averages have trended higher in 2023 and currently stand at almost 70%, sizeable upticks from the 42% and 48% of stocks above their 50-day and 200-day moving averages at the end of 2022, respectively," Belski added. "In fact, the current percentage of S&P 500 stocks with prices above their 200-day moving average is not far off its recent high water mark of 77% set in early February, which was the best reading since Sept 2021."
Morgan Stanly be damned!
About a month ago I had the HF get into Royal Caribbean. There is upside to be had here-
Carnival, Royal Caribbean could see big boost from China reopening - Wells Fargo
Carnival, Royal Caribbean could see big boost from China reopening - Wells Fargo
It's looking like the move is Sell S buy CRWD
Nowinksi wrote in a note to clients. He added that the four largest resellers of SentinelOne (S) all had "relatively weak results" and three of the four had below plan results.
Separately, Nowinksi noted that CrowdStrike (CRWD) had more positive checks and looks to have "better momentum in the market."
Nowinksi wrote in a note to clients. He added that the four largest resellers of SentinelOne (S) all had "relatively weak results" and three of the four had below plan results.
Separately, Nowinksi noted that CrowdStrike (CRWD) had more positive checks and looks to have "better momentum in the market."
Mixed report by FLUOR time to exit at $36.50!!!
GBA SELL TODAY FLR
GBA SELL TODAY FLR
HERE'S AN IDEA- I like the commercials- Workday
Workday (NASDAQ:WDAY) shares slipped fractionally in premarket trading on Tuesday even as investment firm Deutsche Bank highlighted a near-term buy catalyst on the back office software maker.
Analyst Brad Zelnick said he expectsWorkday (WDAY) to report "healthy" fiscal fourth-quarter results, as recent partner checks showed a "noticeable" uptick from the third-quarter.
"From our field checks, we are hearing of healthy [medium enterprise] demand, much of which is purely incremental for WDAY, in some cases winning accounts with as few as 500 employees or less," Zelnick wrote in a note to clients.
March 17 calls--> $200's are $3.80
Workday (NASDAQ:WDAY) shares slipped fractionally in premarket trading on Tuesday even as investment firm Deutsche Bank highlighted a near-term buy catalyst on the back office software maker.
Analyst Brad Zelnick said he expectsWorkday (WDAY) to report "healthy" fiscal fourth-quarter results, as recent partner checks showed a "noticeable" uptick from the third-quarter.
"From our field checks, we are hearing of healthy [medium enterprise] demand, much of which is purely incremental for WDAY, in some cases winning accounts with as few as 500 employees or less," Zelnick wrote in a note to clients.
March 17 calls--> $200's are $3.80
1.
HRMY Harmony Biosciences Holdings, Inc.
1.42K followers
$49.270.58(+1.19%)11:00 AM 02/17/23
NASDAQ |$USD |Pre-Market:$50.25+0.98(+1.99%)<----- Go TIME!
HRMY Harmony Biosciences Holdings, Inc.
1.42K followers
$49.270.58(+1.19%)11:00 AM 02/17/23
NASDAQ |$USD |Pre-Market:$50.25+0.98(+1.99%)<----- Go TIME!
2.
VIR Vir Biotechnology, Inc.
$25.740.17(+0.66%)11:00 AM 02/17/23
NASDAQ |$USD |Pre-Market:$28.85+3.11(+12.08%)<-- Let this settle back.
VIR Vir Biotechnology, Inc.
$25.740.17(+0.66%)11:00 AM 02/17/23
NASDAQ |$USD |Pre-Market:$28.85+3.11(+12.08%)<-- Let this settle back.
I like their commercials too.
The one with the zombie, there was a longer version of it that was hilarious, but they took it off right away.... it had a line in it that inferred the next line would be "I don't give a f****" , but they rhymed it with something else. The zombie was in a hot-air balloon during that part.
