Stocks

January 7, 2022

Virgin Orbit Vaults to Green Territory

Virgin Orbit Holdings, Richard Branson’s other space company, vaulted 24.29% higher after the company rang the Nasdaq opening bell today. 🔔 🚀 The satellite-launching company even brought a full-sized rocket to Times Square for the celebration!

Originally a spinoff from Virgin Galactic, the company went public last Thursday via SPAC with NextGen Acquisition Corp. II under the symbol $VORB.

$VORB raised $228 million from the merger, but fell deathly short of the $480 million that was initially estimated. 💀 The company’s PIPE investors include Boeing, Virgin Group, Mubadala Investment Company, and AE Industrial Partners. 

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Stocks End “Frothy February” On A High

February 29, 2024

To date, Virgin Orbit has launched 19 successful satellites and expects at least six more throughout 2022. 🛰️ $VORB entered positive YTD territory thanks to today’s impressive performance. Here’s the daily chart since merging on Dec 30:

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Stocks

December 29, 2023

How The Markets Performed In 2023

As our article about the ultra-wealthy showed, 2023 was a great year for assets (especially the publicly traded ones). Let’s take a quick peek at how things panned out. 👇

First, let’s start with the tech-heavy Nasdaq 100 index. The chart below shows that the index had one of its best rolling 12-month total returns in decades, rising 55%. The actual total return index also hit new all-time monthly closing highs, reiterating that bulls took back the momentum this year in a big way. 🤩

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January 9, 2024

Samsung Slashes Profit Expectations

Shares of Samsung Electronics fell today after the consumer electronics giant warned about its fourth-quarter results. It now expects a 35% YoY decline in operating profit during the fourth quarter of 2023, coming in at 2.8 trillion South Korean won vs. 4.31 trillion a year ago. 🔻

Given it is the country’s largest company and the world’s largest maker of dynamic random-access memory chips, analysts closely watch it as a bellwether for the consumer electronics industry. 👀

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Stocks

February 9, 2024

Industrials Sneak To New Highs

While everyone is focused on technology stocks, another market sector has been performing quite well. That sector is industrials, which includes everything from aerospace & defense to machinery, ground transportation, and more. 🏭

The cyclical sector is also a widely-watched proxy for how investors feel about the economy. After all, if the economy is going to grow, these types of companies are needed to help produce, ship, and deliver the goods. And right now, investors are apparently bullish on their outlook because sector ETF $XLI broke out to new highs late last year and hasn’t looked back. 📈

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Stocks

December 22, 2023

Traders Eye IPOs Into 2024

After a rough patch from late 2021 through 2022, this year, the initial public offering (IPO) tried to make a comeback. Now, traders say 2024 could be the year this turnaround really comes. 👍 

Below is a chart of the Renaissance IPO ETF ($IPO), which is up about 53% so far this year. But technical analysts and traders say that its recent breakout to roughly eighteen-month closing highs signals a critical trend change in prices. They argue that prices staying above the 35-37 range, which has previously served as an inflection point in the stock, would suggest momentum has shifted firmly to the upside. 🙃

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Stocks

January 18, 2024

Chinese Stocks On The Rocks (Again)

One of the key themes we discussed last year was the underperformance of Chinese stocks. While India and other emerging markets rallied sharply (along with the rest of the world), China’s stock market was stuck in the mud because of slowing growth, weak consumer spending, a property market crisis, and geopolitical tensions. ⚠️

Unfortunately for emerging market investors, none of those core issues have improved in 2024, leading its stock market to fall even further to start the year. 😬

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December 28, 2023

Stocktwits 2023 Year In Review

What a year it’s been for markets in 2023, with crypto soaring, tech stocks battling back, the economy staying upright, regional banks collapsing, and the Fed setting the stage to cut rates. 

The Stocktwits community was on top of it all, so what better way to recap the year than with some of our platform’s unique data? Let’s dive into it. 👇

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Stocks

January 2, 2024

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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