Stocks

October 11, 2021

Cybersecurity Rallies After Facebook Outage

It’s no secret that the market has been a bit dull as of late. However, the cybersecurity group has been an exception. In fact, in light of Facebook’s two outages last week, it has become too hot to ignore. Here are a few of the hottest cyber-stocks…

Cloudflare, Inc climbed 3.30% to all-time highs. The cybersecurity stock has been incredibly strong in each session following Facebook’s crashes last week. The sessions are marked by an arrow.

$NET is up 90% YTD.

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Semi Stocks Continue To Soar

March 4, 2024

Palo Alto Networks gained 1.42% today and registered a record close. $PANW sits less than a quarter away from $500.

The Global X Cybersecurity ETF ($BUG) just bounced off prior highs set earlier in February. Will this line in the sand continue to hold or is $BUG on its way to retest $30? Place your bets…

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Self-Driving Vehicle Problems Mount

It’s been a rough time for the self-driving vehicle industry, with issues around GM’s Cruise unit renewing the regulatory spotlight on the space in late 2023. Unfortunately for investors betting on a quick turnaround, self-driving technology company Mobileye Global warned that it may take longer than anticipated. ⚠️

The company said its results this year will be impacted by customers clearing excess inventory for their books before placing new orders. It provided a preliminary 2024 operating loss between $378 and $468 million, much more significant than its preliminary 2023 operating loss of $33 to $39 million. Its 2024 revenue forecast of $1.83 to $1.96 billion also fell short of the $2.58 billion consensus view. 📊

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Traders’ Updated S&P 500 Roadmap

Just because the calendar changes dates doesn’t mean the market’s trends do. As such, now seems like a great time to update the S&P 500 roadmap many traders used throughout 2023. 🗺️

Below is a two-year daily candlestick chart with a few key indicators. The first is the 200-day moving average (blue), which traders use to track the long-term trend in the market. The next two are the anchored volume weighted average price (AVWAP) from the market’s 2022 highs and 2022 lows. Traders use this to track how the average buyer/seller has fared in the market from a specific date.

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Investors Ditch China For Nvidia

While everyone is looking at the S&P 500 closing above 5,000 as this week’s stat of the week, MarketWatch is flagging another wild data point. 🚨

As you can see from the headline snippet above, Nvidia is now worth as much as the entire Chinese stock market. While several stocks already have achieved this feat, they’re bigger conglomerates with many businesses under one roof. But Nvidia is a chip designer and manufacturer with a more straightforward business model, making this that much crazier of an occurrence. 

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December 20, 2023

Stocks Reverse From All-Time Highs

For seemingly no good reason, the stock market experienced its first bout of volatility in several weeks today. The sharp turnaround had some latecomers to the party asking how this could happen to them. As such, it seems like a good time to update our handy S&P 500 roadmap we’ve shared throughout the year. 🗺️

The last time we checked in on this was in early November when stocks found support at a confluence of “technical” levels that many market participants were watching. Since then, it’s been quite the wild ride, with the S&P 500 rallying over 16% in about eight weeks and approaching its all-time highs from 2022.

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January 11, 2024

Microsoft Briefly Overtakes Apple

While most of the market focused on the spot Bitcoin ETFs beginning to trade today, the second-largest company in the world made a move on its sole competitor. 🔮

This morning, Microsoft’s market capitalization briefly crossed that of Apple’s, making it the largest company in the world. While it didn’t last, it does beg the question of which stock will lead the market going forward.

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Definitely “A” Top, Maybe Not “The” Top

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Mania’s are hard to time, but most market participants agree that today was “a” top in the stock. What we all fail to agree on is whether it was “the” permanent top. Let’s see how it played out. 👇

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The Tale Of Three IPOs

We last talked about the U.S.’s largest initial public offerings (IPOs) a month ago, when their results failed to inspire confidence among investors. However, we wanted to bring them back this week because at least one of them is perking up. 👀

The chart below shows Arm Holdings closing at its highest level since coming public, now firmly in positive territory. Klaviyo, which started off hot, is between its highs and lows. But Instacart remains on a downward path, making fresh lows this week before rebounding marginally. 📊

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