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Market Pulse: Equal Weighted Index Highlights Megacap Abandonment
One of the most interesting things about the rally since early November is the broad participation by smaller companies, and the near-total abandonment of megacaps. Click here to view the related idea and chart analysis on TradingView.
Market Pulse: Are Solar Stocks Powering Down?
Solar energy stocks have been one of the strongest groups in 2020, but they're lagging this month. One potential warning sign is the bearish engulfing candle on the Invesco Solar Energy ETF (TAN) on November 30. TAN has bled steadily lower since. The fact it occurred...
Market Pulse: Airbnb, DoorDash Driving Historic Surge in IPO ETF
IPO frenzy is driving record activity in an exchange-traded fund dedicated to new companies. Renaissance IPO ETF (IPO) traded about 1 million shares on Monday and Tuesday. Those are the two busiest days in its history, and roughly triple the average volume in the past...
Airbnb, DoorDash IPOs Upsized: Investors Cannot Get Enough of New Technology Stocks
Airbnb and DoorDash both increased the size of their initial public offerings this week as investors continue to pour money into new-economy technology stocks. ABNB and DASH are looking to raise $6.2 billion -- more than double the total for the entire month last...
Market Pulse: QQQ Is Making a Comeback as Tesla Keeps Flying
The Nasdaq-100 tracking QQQ has lagged since September, along with FANG stocks. But recent price action may suggest they're coming back to life. The Nasdaq was the only major index to rise yesterday. (The S&P 500, Dow Jones Industrials and Russell 2000 all fell.)...
Are Bulls Getting Complacent as the Market Keeps Hitting New Highs? Here Are 5 Risks to Watch
Stocks kept hitting new highs last week, but some risks could be brewing. The S&P 500 rose 1.7 percent between Friday, November 27, and Friday, December 4. It was the index's fourth gain in the last five weeks. Other key benchmarks including the Dow Jones...
Tesla Keeps Getting More Respect as Elon Musk’s Vision Goes Mainstream
Tesla closed at a new all-time high yesterday as Elon Musk's electric-car maker keeps getting more respect. An upgrade by Goldman Sachs was the latest catalyst for the stock, already up 609 percent this year. Analyst Mark Delaney based his call on macro and micro...
Chipmaker Industry Group Sees Another Strong Year in 2021
Semiconductors have been one of the strongest groups this year. Now a trade group sees more gains in 2021. The Semiconductor Industry Association (SIA) yesterday said worldwide chip sales will increase 8.4 percent in 2021 from this year's estimated $433.1 billion...
Survey: Bears Are Now Officially on the Run
Each week we check the American Association of Individual Investors sentiment survey. This week, only 22.7 percent of respondents were "bearish." It was the lowest negative reading since January 2. It's also noteworthy that CNN's Fear and Greed index remains in...
Market Pulse: Equal Weighted Index Highlights Megacap Abandonment
One of the most interesting things about the rally since early November is the broad participation by smaller companies, and the near-total abandonment of megacaps. Click here to view the related idea and chart analysis on TradingView.
Market Pulse: Are Solar Stocks Powering Down?
Solar energy stocks have been one of the strongest groups in 2020, but they're lagging this month. One potential warning sign is the bearish engulfing candle on the Invesco Solar Energy ETF (TAN) on November 30. TAN has bled steadily lower since. The fact it occurred...
Market Pulse: Airbnb, DoorDash Driving Historic Surge in IPO ETF
IPO frenzy is driving record activity in an exchange-traded fund dedicated to new companies. Renaissance IPO ETF (IPO) traded about 1 million shares on Monday and Tuesday. Those are the two busiest days in its history, and roughly triple the average volume in the past...
Airbnb, DoorDash IPOs Upsized: Investors Cannot Get Enough of New Technology Stocks
Airbnb and DoorDash both increased the size of their initial public offerings this week as investors continue to pour money into new-economy technology stocks. ABNB and DASH are looking to raise $6.2 billion -- more than double the total for the entire month last...
Market Pulse: QQQ Is Making a Comeback as Tesla Keeps Flying
The Nasdaq-100 tracking QQQ has lagged since September, along with FANG stocks. But recent price action may suggest they're coming back to life. The Nasdaq was the only major index to rise yesterday. (The S&P 500, Dow Jones Industrials and Russell 2000 all fell.)...
Are Bulls Getting Complacent as the Market Keeps Hitting New Highs? Here Are 5 Risks to Watch
Stocks kept hitting new highs last week, but some risks could be brewing. The S&P 500 rose 1.7 percent between Friday, November 27, and Friday, December 4. It was the index's fourth gain in the last five weeks. Other key benchmarks including the Dow Jones...
Tesla Keeps Getting More Respect as Elon Musk’s Vision Goes Mainstream
Tesla closed at a new all-time high yesterday as Elon Musk's electric-car maker keeps getting more respect. An upgrade by Goldman Sachs was the latest catalyst for the stock, already up 609 percent this year. Analyst Mark Delaney based his call on macro and micro...
Chipmaker Industry Group Sees Another Strong Year in 2021
Semiconductors have been one of the strongest groups this year. Now a trade group sees more gains in 2021. The Semiconductor Industry Association (SIA) yesterday said worldwide chip sales will increase 8.4 percent in 2021 from this year's estimated $433.1 billion...
Survey: Bears Are Now Officially on the Run
Each week we check the American Association of Individual Investors sentiment survey. This week, only 22.7 percent of respondents were "bearish." It was the lowest negative reading since January 2. It's also noteworthy that CNN's Fear and Greed index remains in...
Guess What Tech Stocks Are Up Today?
It's a rough day for technology stocks, but one group in the sector is still pushing higher. Electronics-payments firms including Square (SQ) and Mastercard (MA) are mostly positive today. These have been one of strongest niches in the entire market for a while, with...
Big Tech Slammed Again As Rotation Continues
As the saying goes, the bigger they are, the harder they fall. That seems to be the case in technology stocks this week as large-cap members of the big indexes get hammered while other parts of the market hold their ground. Notice on the RadarScreen® below that the...
IPOs Have Their Best August in Five Years
Initial public offerings (IPOs) kept flowing last month, despite the normal summer doldrums. Some $1.5 billion of new stock came to market last month, according to data from ClickIPO. It might sound puny compared with recent totals, but it was still the busiest August...
Apple Rockets Up the Rankings: August at TradeStation
August brought upsets to TradeStation's rankings as clients shifted attention to big technology companies. Major exchange-traded funds lost interest. Apple (AAPL), which didn't even make the Top 10 in June or July, was the busiest stock at TradeStation last month. The...
Two Tech Giants Moving in Very Different Directions
Two tech giants are moving in two very different directions as we enter the home stretch for the third quarter. Apple (AAPL) has appreciated 22 percent since the end of June. That makes it the second-best performer in the SPDR Technology Fund (XLK), with only Advanced...
Another Week, Another Gain for Stocks
The U.S. bull market's winning run continued last week as the S&P 500 broke out to new highs. The index rose 0.9 percent between Friday, August 24, and Friday, August 31 -- its eighth gain in the last nine weeks. The benchmark also advanced 3 percent in August,...
Traders, Keep an Eye on Chip Stocks
Semiconductors have been a weak spot in technology for most of the year. But now the group may be trying to break out. The Market Vectors Semiconductor ETF (SMH) is challenging an old peak from earlier this month. It comes at a time when the broader technology sector...
A Weak End to a Strong Season: Earnings This Week
A good earnings season ended on a weak note, thanks to dinosaur consumer stocks. Traditional retailers and food stocks are down sharply as changes in the ecosystem continue to weigh on sentiment. Some beat estimates, others missed. Either way, investors looked for...
Is Biotech Quietly Breaking Out?
Biotechnology stocks are trying to break out as investors await potential catalysts after Labor Day. The iShares Nasdaq Biotech ETF (IBB) has closed at new 52-week highs in the last two sessions. It's now pushing back to price areas last seen in the summer of 2015....