From Vroom To Boom

As we’ve been highlighting for a long time, investors and traders continue to seek opportunities in the micro and small-cap healthcare space in hopes of a buyout.

With the most prominent players sitting on tons of cash and needing their next growth driver, it seems like there’s a new company being acquired every day. 🤑

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. 😬

Despite a lackluster close for the major indices, several stocks hit major market-cap milestones. 🤩

First up is Microsoft, which briefly became the second company to cross the $3 trillion market value threshold. Although that didn’t hold into the close, what’s done is done, and the company certainly deserves to be celebrated. Meta’s rebound over the last two years pushed it back above the $1 trillion mark, bringing the total number of companies above this level to eight.