The U.S. independence day began with fresh highs from both the$Nasdaq Composite Index(.IXIC.US)$and S&P 500 at the 1 pm EST close on July 3rd. Rhe$S&P 500 Index(.SPX.US)$climbed 0.88%, the$Dow Jones Industrial Average(.DJI.US)$fell 0.06%, and the Nasdaq was still up 0.51%. Overall, 7500 stocks climbed while 3700 declined Wednesday. MACRO In macro Wednesday, Initial Jobless Claims came in at 238K compared to a f...
$Tesla(TSLA.US)$ As Tesla Inc.'s stock is back on the upswing, high-profile investor Cathie Wood's ETFs are selling again. Wood's flagship Ark Innovation ETF ARKK sold 56,425 Tesla shares $(TSLA)$ on Tuesday, valued at $13.05 million at Tuesday's closing price. The sale by no means suggests a change in strategy, as Tesla remains the ETF's largest holding by far with a 14.6% weighting, valued at $891.89 million as of Wednes...
The short trading day of July 3rd ended with a fresh all-time highs for the$Nasdaq Composite Index(.IXIC.US)$and the$S&P 500 Index(.SPX.US)$. UPDATE: The Nasdaq closed at a fresh high, at 18,188.30, and the S&P 500 closed at 5,537.02. Anyway, my name is Kevin Travers, here are stories from the moomoo herd on Wall Street today. $Paramount Global-B(PARA.US)$was the highest gainer on the S&P 500, climbing 9% after news of its deal to sell off Nati...
KingNY-Life :
The current level of inflation is unlikely to cut interest rates. Even if it falls, stocks will rise because borrowing costs are lower and liquidity will increase
$JPMorgan(JPM.US)$’s Chief Market Strategist Marko Kolanovic just announced he will be leaving the company Kolanovic has been one of the biggest bears 🐻 on Wall Street with him recently saying he thinks the$S&P 500 Index(.SPX.US)$will close 2024 at 4,200 or ~23% below current levels - Bloomberg
U.S. stocks have posted an impressive election-year rally so far in 2024. The$S&P 500 Index(.SPX.US)$is on pace for its best first-half performance during an election year since 1976, as well as the second-best performance in an election year in its history, according to Dow Jones Market Data. But investors question whether that rally will continue in the second half of this year. Bank of America cautione...
Donald Perkins :
I would say the market is definitely not following the real economy. There will definitely be a big correction. These companies may look good, but you have to have consumers and consumers are out of money. I guess everyone believes the companies can do it by themselves.
Today on TV (BizTech Asia TV), I spoke about second half equity sentiment being on a bullish runaway for three reasons, from baking in a potential Trump win, to Fed rate cuts to financial conditions easing. We saw that shaping up overnight with S&P 500 setting another new record, closing above 5,500 for the first time wit...
151453268 witso :
Drill baby drill, only trump would say such a thing exciting the oil and gas industry find some solid cheap producing energy stock right now they are around and not going away soon .
Rhe $S&P 500 Index(.SPX.US)$ climbed 0.88%, the $Dow Jones Industrial Average(.DJI.US)$ fell 0.06%, and the Nasdaq was still up 0.51%.
Overall, 7500 stocks climbed while 3700 declined Wednesday.
MACRO
In macro Wednesday, Initial Jobless Claims came in at 238K compared to a f...
As Tesla Inc.'s stock is back on the upswing, high-profile investor Cathie Wood's ETFs are selling again.
Wood's flagship Ark Innovation ETF ARKK sold 56,425 Tesla shares $(TSLA)$ on Tuesday, valued at $13.05 million at Tuesday's closing price.
The sale by no means suggests a change in strategy, as Tesla remains the ETF's largest holding by far with a 14.6% weighting, valued at $891.89 million as of Wednes...
UPDATE: The Nasdaq closed at a fresh high, at 18,188.30, and the S&P 500 closed at 5,537.02.
Anyway, my name is Kevin Travers, here are stories from the moomoo herd on Wall Street today.
$Paramount Global-B(PARA.US)$ was the highest gainer on the S&P 500, climbing 9% after news of its deal to sell off Nati...
Kolanovic has been one of the biggest bears 🐻 on Wall Street with him recently saying he thinks the $S&P 500 Index(.SPX.US)$ will close 2024 at 4,200 or ~23% below current levels - Bloomberg
At the same time the weight of the LARGEST stock of the $S&P 500 Index(.SPX.US)$ relative to the 75th percentile stock is 770x!
This is even higher than in the 1920s.
$Apple(AAPL.US)$ $Microsoft(MSFT.US)$ $NVIDIA(NVDA.US)$ $Tesla(TSLA.US)$ $Amazon(AMZN.US)$
But investors question whether that rally will continue in the second half of this year. Bank of America cautione...
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