Investors buy the dip in tech Vs trim commodities. What is ahead for CrowdStrike?
Meanwhile on TickerTV I spoke about the upside vs potential further downside with CrowdStrike $CrowdStrike (CRWD.US)$ Sign Up | LinkedIn
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Here are some rough notes
Overnight in the US the risk on-switch was flicked.
Bloombergs Markets Live Pulse survey expects earnings to reinvigorate the S&P 500, so traders and investors are buying the dip as we expected. So on Monday the S&P500 gained 1.1%. This is aheaad of 30% of the S&P500 reporting this week - with results from Tesla $Tesla (TSLA.US)$ and Alphabet $Alphabet-C (GOOG.US)$ on deck Tuesday. Of the Bloomberg Survey two thirds of markets strategists/analysts believe respondents expect corporate profits to boost US equities.
Political discussions to cast defence and cyber security stocks into the spotlight.
Today heat is expected to come out of commodities. The postive catalyst will be local Australian earnings seasons. Meanwhile Copper hit a three-month low as base metals extended the worst weekly slump in almost two years. The PBOC's rate cut did little to offset concerns about Chinese demand.
Upgrades? Citi upgrades South32 $South32 Ltd (S32.AU)$ to buy from neutral. In the last 22 months, Citi has rated South32 neutral three times and buy twice and the stock rose an average 3.1% in the periods rated buy and fell 13% in the periods rated neutral.
Despite what is going on politically, and regardless of who wins the US election, we need to remember gold......gold could rally 60% to a new high and hit $3,944
Companies I'm focused on this week still are Tesla$Tesla(TSLA.US)$, Lockheed Martin$Lockheed Martin(LMT.US)$, and Newmont$Newmont(NEM.US)$$Newmont Corp(NEM.AU)$, who are reporting results. Additionally, I am watchingCrowdstrikeas options volume suggests its shares could rebound to $360. Please see my detailed analysis on why CRWD$CrowdStrike(CRWD.US)$could rally up in 4 weeks reflectingon what happened to Amazon's AWS$Amazon(AMZN.US)$ in 2017.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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151453268 witso : A bit of heat gone, but apparently you need to buckle up for the gold ride so i’m told. And it isn’t a disappointment so far
Umami66 : Retail investors buy the news, hedge funds do not give a damm about news. When they act, its the retail investors that get hit trying to buy "dips"