Stocks

December 5, 2023

Apples Reminds Us Who’s Boss

If you needed any more evidence that the stock market bulls are back in control, Apple added to the conversation today. 🗫

The consumer tech giant closed back above the $3 trillion market cap line for the first time since August, cementing its place as the only company to do so. 🤩

However, Microsoft’s artificial intelligence (AI) and cloud efforts keep the stock near all-time highs, with its market cap at $2.768 trillion. Saudi Aramco is close behind at $2.132 trillion but is suffering due to the recent energy slowdown.

So what is Apple’s secret sauce? Well, it sells many products and generates a lot of free cash flow. It also reduces the amount of shares available to the public market with aggressive stock buybacks. 💵

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Biotech Investors Target PHAT Gains

February 16, 2024

The chart below shows the stock’s journey to $3 trillion, along with its shares outstanding and free cash flow numbers over time. 📊

We’ll have to see if this stock market run can continue into 2024, as many are expecting. For now, bulls remain in control and are not afraid to show it… 🤷

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January 10, 2024

Japanese Stocks Continue Shining

One of the world’s best-performing stock markets of 2023 is starting the new year with fresh highs. As measured by the Nikkei 225 index, Japanese stocks reached their highest since the 1990s as investors speculated that the Bank of Japan would delay plans to end its ultra-loose monetary policy. 🕰️

Recently, a devastating earthquake in central Japan caused widespread damage in the region and will likely weigh on the country’s already slow economic growth. As a result, the government is expected to outline fiscal stimulus efforts to help support the rebuilding process.

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February 9, 2024

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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February 16, 2024

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

We don’t want to say CNBC caused the top in Super Micro Computer Inc., but they definitely pushed sentiment over the edge. 🤪

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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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

March 4, 2024

Semi Stocks Continue To Soar

Semiconductor stocks remain the focus of investors and traders, with Nvidia and Super Micro Computer pushing to all-time highs. The industry is starting the week with several analyst upgrades as Wall Street continues to chase these companies higher. 🌠

Despite the growing concern that the fundamentals may not fully support these short-term surges in price, the path of least resistance remains higher.

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February 12, 2024

Nvidia Tops Amazon

It seems like Nvidia is hitting a new milestone every day, so why would today be any different? 🤷

This morning, we saw a massive squeeze in shares of Arm Holdings, which soared more than 40% before pulling back midday. That led to other semiconductor stocks rising alongside it as investors’ optimism around the sector continued. 📈

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Stocks

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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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