What Is the 'Trump Trade'?
State Street Senior Multi-Asset Strategist Marija Veitmane discusses the "Trump trade," the outlook for earnings and why she cautions against a "wholesale rotation into small caps."
Harris Glides Toward Nomination, Contest With Trump -- WSJ
Vice President Kamala Harris marched toward securing the Democratic presidential nomination Monday following President Biden's decision to abandon his re-election bid, as the party coalesced around her to take on Donald Trump this fall.
Did Biden's withdrawal cause market shock: Trump's chances of winning increased, pushing up the stock market, and the return of the Democratic Party may lead to a short-term adjustment?
Last Sunday, USA President Biden announced that he will not seek re-election in November, adding uncertainty for the new owner of the White House in 2025.
7/23 [Strength and Weakness Analysis of Materials]
[Bullish and Bearish Materials] The Dow Jones Industrial Average (40415.44, +127.91) and the NASDAQ Composite Index (18007.57, +280.63) are both rising, as well as the Chicago Nikkei Futures (39950, up +470 from Osaka). The SOX index (5477.83, +210.67) is also rising, while the VIX index is falling (14.91, -1.61). There is an expectation of inflation calming down in the United States and a request for improved corporate value by the Tokyo Stock Exchange. On the other hand, the Nikkei Average has fallen (39599.00, -464.79).
S&P rose more than 1%, small cap index rose 1.7%, Tesla and Nvidia rose about 5% each, while commodity fell again.
U.S. stocks rose with the S&P up over 1%, the largest increase in seven weeks, and the NASDAQ up 1.6%. Funds have returned to small cap stocks, with the small cap index rising 1.7%. Investors bought U.S. tech stocks on the dip, and only Apple and Amazon among the seven tech giants declined, with Tesla and Nvidia both up about 5%. Cybersecurity leader CrowdStrike, which triggered a global IT failure, fell more than 13%, nearly erasing this year's gains. Some Trump trades cooled down, with electric cars and photovoltaic stocks rising and petroleum stocks falling. There was a new variable in the U.S. presidential election over the weekend, and safe-haven demand initially pulled down U.S. bond yields and the dollar while boosting gold, but panic subsided and the VIX volatility index fell 10% from its highest level in nearly three months. The China concept stock index surged 2.8%, while offshore Renminbi fell more than 110 points to a two-week low. Oil prices initially fell more than 1%, and metal fell sharply.
UBS Wealth Management Chief Investment Officer: don't chase after the rise of small cap US stocks as the upward trend is not sustainable.
Lisa Shalett believes that the profit issues of small cap stocks are unlikely to be solved by a 75 basis point rate cut by the Federal Reserve. The prospect of the Republican Party winning the November election in the United States may stimulate the small cap stock market, but this is expected to be short-lived. Fund rotation is sustainable, and large cap stocks and high-quality cyclical stocks are preferred.
Nvidia, Tesla, Rest of Mag 7 Lift Stock Market Higher | Wall Street Today
The S&P 500 Index recovered from its biggest weekly slump since April, and the Nasdaq Composite Index rebounded, buoyed by gains in Nvidia, Tesla and the rest of their Magnificent Seven peers.
Market Advances Monday after Biden Steps Down From Reelection
The market climbed Monday morning. The $S&P 500 Index(.SPX.US)$ advanced -0.70%, the $Dow Jones Industrial Average(.DJI.US)$ climbed 0.11%, and the $Nasdaq Composite
S&P 500, Nasdaq Rebound, as Nvidia, Tesla and Rest of Magnificent Seven Rally
The
The S&P 500 Typically Outperforms in July, Underperforms August-October - RBC Capital Markets
10 Information Technology Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
"Apple TV+ Expenditure Has Crossed $20B, Making It Unsustainable; Company Executive Taking Various Measures To Bring Costs Down Considerably" - WCCFtech
Producing rich and original content was always the goal of Apple TV+, a streaming service that saw the Cupertino firm invest upwards of $20 billion in churning out consumable media that would have
Tesla Options Signal Positioning for Stock's Upward Potential Ahead of EV Maker's Earnings
Tesla's options market are seeing heavy positioning in call options that give the holders the right to buy the stock at as high as $300 by the end of this week.
Apple Adjusts Hollywood Approach, Cuts Costs on Original Shows: Report
Apple Inc (NASDAQ:AAPL) is refining its strategy in Hollywood after spending over $20 billion on original TV shows and movies that have yet to attract large audiences.The company aims to control
This week, global financial markets will focus on Tesla and Google.
Hedge funds hope to prioritize cash ahead of the November US presidential election. According to Goldman Sachs' brokerage business division, this week overall saw painful closing out, with previous winners such as semiconductors, large cap stocks and AI concept stocks all experiencing sharp declines.
Nvidia and Semis Follow Market Higher after Kamala Takes the Stage | Herd on Wall Street
Morning traders, Happy Monday, where the market is open and working properly following a blue screen filed Friday. Investors are pricing in the aftermath of the closest to election day step down of a presumptive nominee: Biden is out.
CrowdStrike Faces Downgrades Amid Concerns Over Pricing and Renewals Following Disruption
CrowdStrike Holdings, Inc (NASDAQ:CRWD) stock continued its downward price trajectory Monday as its cloud software update on Thursday triggered an outage that affected businesses worldwide.A failed
Stock Market Game Plan For Investors After Biden Withdraws
To gain an edge, this is what you need to know today. Game Plan Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: In the wake of Biden
Magnificent 7 Earnings Preview: Is a Growth Slowdown on the Horizon?
Check Out What Whales Are Doing With AAPL
Whales with a lot of money to spend have taken a noticeably bullish stance on Apple.Looking at options history for Apple (NASDAQ:AAPL) we detected 27 trades.If we consider the specifics of each trade,